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.
Financial
nmmertf
ronirl?
Supplement
Quotation
Street Railway Supplement faAmti®
(Monthly)
Investors Supplement (Quarterly)
State and City
Entered according to Act of Confess, in the year 1902, by the Williaje B.
YOL.
Dana Company,
SATURDAY, OCTOBER
75.
Supplement ($m Am^
in the office of the Librarian of Congress,
NO. 1948.
25, 1902.
Week
endirng October 18,
—
Clearings at
1902.
1901.
Inc. or
1900.
Dec.
1899.
PUBLISHED WEEKLY.
Terms
of Subscription
—Payable
in Advance
for One Tear
For Six Months
$10 00
6 00
............ 13 00
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Above subscription includes —
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Bank and quotation supplement
Investors' supplement
State and City Supplement
New Haven
Springfield
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Lowell
New Bedford
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I
Terms
of Advertising—Per Inch Space
Transient matter
Two Months
(
Standing Business Cards
cards
$4
22
29
50
87
(13 times)
Montns
26 times)
Twelve Months (52 times)
•,
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<fe
WILLIAM
B.
DANA COMPANY,
Cleveland
Milwaukee
Columbus
India' apolis.
Grand Rapids
Dayton
Evansviile
Springfield,
III
Lexington
NEW YORK.
Box 938.
©ffic'e
Cincinnati
Detroit
Youngsto wn
Publishers,
Pine Street, Corner of Pearl Street,
Post
New England.
Peoria
Toledo
LONDON AGENTS:
Messrs.
Total
Chicago
(8 times)
Tnree Months
,'
142.482.059
8,699,600
2,743,174
1,914,363
1.774,303
1.997,394
1,989,668
1,192,526
582.502
506,450
396,572
Boston
Providence
Hartford
Akron
Kalamazoo
Rockford
Springfield,
CLEARING HOUSE RETURNS.
Canton
Jacksonville
Quincy
The following table, made up by telegraph, etc., indicates Bloomington
Jackson
that the total bank clearings of ali the clearing houses of the Ann Arbor
United States for the week ending to-day, Oct. 25, have
been $2,444,732,174, against $2,606,510,527 last week and
$2,088,911,332 the corresponding
week
San Francisco
Salt Lake City
last year.
1902.
25.
New York
P. Cent.
1901.
+31-1
Baltimore
Chicago
St. Louis
New Orleans
$1,335,100,847
114.377,293
101,806,481
19,541,920
140,293.545
41,987,859
12.082.997
$1,018,672,967
111,287,267
88,974,410
16.815,392
136,629.710
36,359.954
11.188.776
Seven cities, 5 days.
Other cities. 5 days
$1,765,190,942
291.616,421
$1,419,928,476
255,842,011
+24'3
+14-0
5 days....
$2,056,807,363
387,924,811
$1,675,770,487
413,140,845
+227
for week.,
$2,444,732,174
$2,088,911,332
+17-0
Boston
Philadelphia
Total
all cities.
all cities
+10-2
+2-7
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific
+8-0
-6-1
week covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
full details for the
estimated, as we go to press Friday night.
present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Oct. 18, and the results for the corresponding
week in 1901, 1900 and 1899 are also given. Contrasted with
the week of 1901 the total for the whole country shows a gain
of 21-5 per cent. Outside of New York the increase over 1901
be in
all cases
We
is 9*6
per cent.
Clearings at
Kansas City
Omaha
Week ending October
St.
1902.
New York
Philadelphia
Pittsburg
Baltimore
Buffalo
.Albany
Rochester
Scranton
Chester
Wheeling
Wilkes Barre
Total Middle
1901.
$
1.721.164,799 1,337,309,210
125,008,946
107,615,121
40,339,258
84,162,251
23,581,867
22,555,308
6,457,164
7,05-1.168
3,802,069
2.855,104
8.623,187
3,225,673
2,558,878
2.204,239
1,356,857
1,842,576
1,201,244
1,350,253
1,344.942
1.279,869
332,600
345.800
342.706
888,354
461,286
406,757
820,157
748,083
735,542
775,320
2,297,017 Not include
1,933.180.952 1.523.61 8,156
18.
Dec.
1900.
%
1899.
c
Paul
+18-1
+4-5
—8-5
+33-2
4l2-3
4-ie-i
+1-1
-11-0
+5-1
—3-8
—11-9
+13-5
+9-6
—5-1
din
to
•
90,132,344
29,274,499
19,288,337
5,686.191
2,438,122
2,945,455
1,897,485
1,140,892
1,050,645
923,939
379,700
274,929
333,264
97,028,606
44,088,988
21,377,427
5,716,992
2,724.128
8,265.883
2,032,931
1,19H,230
1,818,493
1,022,049
429,000
808,240
310,000
19,257,299
17,655,456
6.972,556
5,183,106
5,768.518
4,772,480
1,669,701
997,101
1,641,315
1.246.081
443,721
130,713
863,866
5,030,042
2,099,57'
Davenport
'.1118,503
Sioux City
Wichita.
Fremont
Colorado Springs
Total other West'rn
St.
Louis
Orleans
1.3S3. 355,059
1.705,028
1,466.225
618,201
158,929
500,000
78,055,018
51,049.376
13,826,724
9,888,332
4.401,500
8.604.788
4,290,074
4,437,091
5,388,493
3,793,964
2.200,184
2,041,179
3,194,085
951,424
1,800,000
1,110,590
1,121,000
1,189,867
660,000
364,326
400,000
New
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville
Norfolk
Augusta
Birmingham
Macon
Rock
Chattanooga
B eaumont
Total Southern
Total all
Outside New York.
'
8,21
3,681,616
4,115,817
1,874,446
1,267,861
568,913
516,241
280,443
194,898,204
137015,063
145,804,450
15,548,100
8,361,713
12,097,260
6,429,358
5,813,500
3,597,713
2,126,295
2,361,665
1,245.885
1,086.855
1,178,208
325,664
527,773
489,408
476,000
397,064
274,994
.
306,506
274,166
170,024
1,442,57:
1,329,674
1,889,209
1,075,021
1,232.023
710,132
14-4
23-5
242
-1-1
+7-3
+17-6
—26"
+19-5
4l9-9
+4'5
+34-5
25-3
196
39-5
--256
+7-0
14,609,850
8,496,882
11,271.034
6,145,018
5,752,006
8,184,849
8,888,037
2,219,098
1,283,523
1,044,336
953,727
4-11-8
381,318
436,579
479,142
530,400
388,309
266,248
259,472
324,144
188,873
255,000
225,821
135,000
-5-0
+4-9
4-20-1
4l4-0
—9-2
+19-4
--22-
1
- -17-:
—1-2
+361
—36
+17-4
—2-2
+35-0
--48-3
-
-
-26-5
-71-0
--42-0
—7'7
+192
4233
+220
50,000
tal.
198,233,721
208,362,601
23,706.550
2.591,061
2,658,246
2,176,026
8,198,053
1,199,024
1,075,359
716,300
375,846
186.50S
20,497,462
2,479,318
2,299,746
1,677,706
2,502,966
1,360.782
1,204.772
819,434
592,583
171,396
37,882,973
33,606,065
231
--24-0
16-2
24-9
18,617,429
15,715,202
6,576.391
6,493,220
4,773,142
8,862,384
1,625,730
990,000
16,130,764
15,707,800
6,917,943
6,510,162
4,826,333
3,158,003
1,435,544
938,674
1,228,416
753,703
412,521
143,805
—13-3
+5-4
+25-8
+o-i
+3-9
439-4
+16-3
—42-0
66,857,908 +16-7
46,764,866
18,944,484
8,521,562
5,254,000
7,894,706
5,347,810
4,112,534
3,704,804
3,381,777
1,450,826
1,542,965
2.433,275
678,933
1,780,336
899,707
856,000
914,884
524,700
352.800
+9-2
-0-8
+155
—16-2
+164
—19-8
+7-9
--455
--12-2
--51"
- -32-6
-
-81-3
--413
+P1
+23-5
--31-0
- -30-1
--25-8
+3-3
Not include d into
120,262,99^
109,606,609
!.606,510,52" 2,145,216,341
1,698,05'
+17-
1,087,526
419,426
158,06'
904,210
62,870,734
58.163,168
36,487,158
14,066,018
7,917,025
4,210,000
8,895,290
6,794,180
3,623,856
4,288,828
2,625,559
1,442,517
1,506,177
1,857,962
575,207
1,050,863
850.000
809,000
807,831
444,250
224,341
84,430,127
11,094,664
8,821,482
4,172,000
4,327,932
3,857,984
2,888,785
2,437,715
2,509,517
1,450.522
1.518.031
1,185.199
632,158
791,079
700,000
834,000
520,318
374,996
214,779
.
tal.
+9-5
97,974,55'
82,711,868
+21-5 1,720,878,817 1,961.090,965
885,345,728
807,907,131
+96
697,280,715
758.562,873
23,748,654
15.753,797
4,142,102
1,523,131
942,679
664,897
561,987
1,002.042
1,256,08?
1,587,289
677,646
15,917,310
13,456,449
8,241.728
1,609,637
811,472
829,737
712,245
1,025,120
1,308,768
1,911,881
+4ff2
+17-1
427-8
-5-3
+16-2
—19-9
—21-2
13,802,856
9,669,380
1,582
1,815,576
813,107
557,316
795,666
1,000.009
14,081,207
9,885,822
8,802,396
1,203.858
711,320
520.686
Canada—
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St. John
Victoria
Vancouver
Quebec
Ottawa
London
tal.
+26-9 1.179.307.908
46 978,068
5.000,00(1
Jacksonville
$
+28'7 1,023,592,102 1,202,538,092
4-16-2
27,788,276
4,178,257
Joseph
Des Moines
St.
Little
Inc. or
301,: 181
388,452
153.302
274,755
288,392
155,518
89.901
62,000
144,498,924
17-2
+14-2
+14-4
424-6
Not include d into
253,499.466
+S-4
233,848,409
Denver
Knoxville
Fort Worth
—
155,915,495
18,418.700
18,457.519
13,650,868
6,845.039
7,988,400
4,330,766
2,391.988
2,484.610
1,340. 599
1,315,065
851.971
512.147
682,674
490,885
639,000
500,806
398,236
486.886
285,045
173,612,652
9,436.800
2,866,906
1,762,248
1,407,082
1,668,525
1,245,061
925,775
800,530
732,618
380.000
+155
Topeka
The
2,378.81'.!
448,305 +12-9
317,522 +24-9
+o-i
164,059,326
23,697.169
21,894,703
8,102,566
6.784,075
Seattle
126,177.442
7.992.100
+8-9
1,570,266
960.208
588,900
57,333,483
Los Angeles
Minneapolis
All cities, 1 day
Total
+2-8
-4-14-4
167,325,169
21,662,850
9,869,852
16,314,530
8.201.944
8,360,100
5,825,756
2,997,433
2,970,852
1,870,446
1,651,338
911.668
570,193
600,880
514,925
767,700
570,940
361,642
359,924
476,074
179,926
271,589
392,510
150,000
102,807
214,418
233.313
—0-9
-25 4
1,74(1,778
32,617,626
4,086,105
4,327,710
5,460,205
5,204,615
2,350,468
1,800,000
525,366
615,403
845,925
Portland
Clearings—Returns by Ttlegraph.
Week Ending on.
Mansfield
Decatur.
Total Mid. Western
164,228,611
143,794,473
8,920,900
2,518,596
1,633,570
1,558.818
Total Canada
...
51,182,666
—28
-4-0
—16-9
Not include din
40,824. 282
690 828
900,000
to tal.
J-25-4
16,052
30,244; 6tf
THE CHRONICLE.
876
movement
THE FINANCIAL SITUATION.
[Vol.
at the period of
LXXV.
our largest merchandise
exports does not encourage the expectation of very easy
Speculation has faltered this week notwithstanding
the new supplies of currency. There is evidently a
money
unless a return flow of
currency from the in-
terior should set In.
been charged to a concensus
hitch somewhere. It has
The coal strike has passed through its closing inciof opinion in banking and financial circles against a
new speculative movement. That is no doubt in a dents, so far as official action is concerned, without
sense true. May we not, though, go back further than any special delay. A convention of mine workers was
that for the real explanation. At this juncture in called for Monday. It discussed the situation for the
commercial and financial affairs a rest would seem to most of two days and on Tuesday voted unanimously
be quite in character. We have been In a state of to end the strike and to return to work Thursday
This decision was carried out so far as
feverish haste. The movement has been ehecked, morning.
but feverish conditions remain. A time to get affairs practicable and now the coal-consuming public are
Na- eagerly awaiting a supply of fuel at lower prices. The
into a normal state would seem to be desirable.
have. We have outlook at the moment does not promise a large
ture is the best doctor such a crisis can
tried a stimulant; a flood of currency has been let out, product immediately, as many mines are said not to
but it has not appeared to meet the conditions wholly; be in condition for work at once, while others will
has failed to work the expected re- require considerable time before they will be ready
In other words, the return to a full
Artificial agencies do not induce, but tend to in- for operation.
lief.
There are
terfere with, the free action of the restorative forces output will, It is believed, be gradual.
that
is
to say,
It
There nas been in recent years
about a bank-note system with
not a little discussion
an emergency currency attachment, until many people
have come to think that such a device is to be
natural law provides.
a
means
Nothing
for giving speculation perpetuity.
of that sort can keep such a
movement agoing
after
good many men who have been on
now applying for their old places who
also a
strike
are
find
and
those
This ought not to cause disappoint*
ment, since the operators made it a prominent condition of the agreement that none of the imported
men who worked during the strike would be discharged. Still it is likely to be an irritating ciroumstance that may delay an early return to full work.
We presume very little doubt exists of the employment of every applicant as soon as the mines are all at
work at full capacity.
places filled.
have touched the unsafe stage. Warnings of
the approach of such a situation are always antecedents to a more severe reverse. The set-back we have
Since our period of prosperity
just had is one such.
began we have previously had two somewhat similar
suggestive or admonitory calls. Is there not a differThe action of the Railroad Commission of Kenence in the latest one in that not only securities have
ruled at figures above an income basis, showing a tucky, ostensibly growing out of the purchase and the
disposition to discount the remote future, but nearly sale by J. P. Morgan of the Louisville & Nashville
all manufactures and many commodities are ruling Railroad stock, would be amusing, because so needabnormally high. Rising values cannot continue in- less, unwarranted and inconsequential, were it not for
definitely; after a time they will check consumption its reckless and half-concealed attempt to stir up ill-will
and be followed by a reverse that will force general against an individual banker through an incongruous
liquidation.
It is obviously very desirable to avoid attack on a lot of railroads he has been interested in
Indeed, almost the entire carrying inso severe a trial, and consequently, we think, banks building up.
from the Mississippi to the Atlantic is in one way
and other money lenders are wise in showing a dustry
more conservative disposition than they recently and another included among the offending roads
named in the complaint all, apparently, breaking
have done.
Kentucky's laws by participating in a combination
Money market conditions have been adjusting them which the fertile imagination of the Commissioners
selves to the new situation which the bond purchases or of the author of the bill, whoever he may be, has
have introduced. Up to Friday night $14,336,- created. The prevailing opinion in this section in450 of bonds had been bought by the Secre- terprets the proceeding as a political manifesto pretary under the order of October 17, for which pared for election purposes.
We do not believe that;
$19,670,551 60 has been paid. These figures will there is no political advantage within the range of
be further increased on arrival of bonds con- possibility to be gained by the document issued. The
tracted for by the syndicate but not as yet received. better idea is to accept the attack as at one with
This addition to the s apply of currency afloat has had the misguided spirit rampant now-a-days against
its inliaence on rates for loans at the Stock Exchange prominent capitalists, trusts and corporations.
No
and brought them to an average of about 6 per cent doubt the Louisville & Nashville affair, from first to
on call during the week, closing yesterday at an aver- last, has been quite an imposing transaction, and any
age of 4^ per cent for the day.
Time money still one whose natural bent or disposition or official provrules at 6 per cent.
An influence adverse to a further ince, was to look at it from the bugaboo side, could
decline in loans has been the higher rates for sterling in it easily find material suited to his purpose. Given
exchange here with lower rates at Paris on London a State law making railroads prima facie delinquents,
and also an advance in the price of gold at London, and commissioners appointed under it to carry out
altogether making gold exports in the near future quite that idea and execute its provisions, would necessarily
probable. There has also appeared to be a demand for mean that the commissioners should work along the
gold at Paris and Vienna as well as at London. Thurs- lines indicated and earn their salary. On the other
day there was a slight turn in the character of hand a conspicuous event like the Louisville & Nashhaving
these exchanges, deferring gold exports for the time ville incident would surely furnish officials
being; though yesterday sterling was steady again. no duty except to catch offending railroads with
This less favorable situation with reference to a gold a round of circumstances out of which an interesting
affairs
—
A-
—
—
October
THE CHRONICLE.
25, 1902.]
877
had the author the needed hardly suffer itself to be
ingenuity and a mind logical enough to stick to his Commerce Commission.
story could be constructed
cat's
paw
for
the Inter-State
text.
The annual report of the Buffalo & Susquehanna
But whoever framed this bill of complaint must have
had only an indifferent acquaintance with reference to Railroad Company would not ordinarily attract a
the CDurse of railroad traffic and affairs, or else he great deal of attention. As now constituted the road
made his charges at random, not regarding very close- embraces only 172 miles of road in the northern part
As
the law governing the
statements in the
case,
complaint, that there is no statutory warrant for such
an instrument as the Kentucky Commissioners have
issued.
They tell us that the law they are working
of Pennsylvania, extending into the southern part of
under requires them to have actual "knowledge" and
"violations" to base action upon, whereas they have
issued a series of charges on mere tea-party gossip,
tittle-tattle and belief,
hit us quote what they say
in the first paragraph of their complaint of the powers the statute grants them:
"Whenever it shall come
to the Tcnotoledge of said Railroad Commission, or that
it shall have reason to believe that the laws affect-
with the view to becoming a coal-carrying propertyImportant extensions are planned. The report furnishes the first detailed official announcement with regard to* these plans. They provide on the one hand
for an extension of the line southward to the bituminous coal fields and on the other hand northward
to Buffalo.
As showing how comprehensive these
arrangements are, it may be pointed out that the coal
properties recently acquired in the interest of the
company comprise tracts which it is estimated contain altogether over 50 million tons of bituminous
coal.
At Buffalo 50 acres of land have been acquired
ly either
it
law or
facts.
to
seems, judging from the
ing railroad corporations
in their business relations
to the public have been violated, the said
shall prosecute or
Commission
cause to be prosecuted the corpora-
tions or persons guilty of such violations," etc.
These
words appear to tell us that this Kentucky statute is
no fishing affair. Its provisions were not designed
for the purpose of permitting proceedings based upon
information and belief ; the officials appointed under
it can only act on "knowledge," or when they have
"knowledge" of "guilty violations." We have not
the Kentucky statute before us as we write, but we
think it a fair inference to presume that the author
of the complaint knew whereof he spoke.
And yet
the complaiut, such as it is, does not appear to be
even sworn to.
Besides the foregoing there is, in any view of the
State law, a lot of extraneous matter put into the
complaint about Western roads that has nothing to
do with Kentucky rights and Kentucky roads very
little more indeed than it has to do with roads in Canada.
Passing that, however, there is a notable omission which
must be mentioned. We refer to the sale and trans-
—
& Nashville stock to the Atlantic
Coast Line. This highly important fact finds no place
anywhere in the complaint, although it was [confer of the Louisville
summated and published before that document was
Had
New
has for years done a profitable business and paid regular dividends on its common stook.
But the company is now about to lose its peculiarity
York.
It
as a distinctively local concern.
It is
branching out
This tract adjoins the new
for terminal facilities.
Lackawanna
on the Lake front.
plant of the
Steel
Company and
is
Adjoining the terminal
lands 50 acres additional have been secured by the
Buffalo & Susquehanna Iron Company, which is affiliated in interest with the Buffalo & Susquehanna Railroad, and is constructing on this site a large blast
directly
furnace plant.
Surveys have already been made for the road, to be
built from the present southern terminus at Sinnemahoning to Da Bois and thence southward to the coal
lands.
Work on the construction of this line, which
is to be about 62 miles in length, is expected to begin
some time this year. The extension on the north
from
Wellsvllle,
New York,
to Buffalo will be about
80 miles in length. It is also proposed to build a cutoff of about 22 miles, so as to shorten the distance
from the ooal fields to Buffalo and secure improved
grades and curves. Altogether, it will be seen, quite
a large amount of new mileage is to be provided.
It should be understood that at present the Buffalo
& Susquehanna is not a coal road, hence the coal
The road
traffic to be developed will be entirely new.
moved in the late fiscal year ending June 30 1902 altogether 1,116,526 tons of freight, and of this only
55,252 tons consisted of coal anthracite and bitumin-
been mentioned, thejgrav&men of the
accusation would have dropped out, the connecting
link which brought the banker who owned the stock,
and through him the Southern Railway, into this
fracas, would, on the face of the complaint, no longer ous.
On the other hand, the total comprised 499,397
have existed; and hence we may presume the author tons of lumber, 104,719 tons of bark and 341,616 tons
cf the complaint saw reason for not stating it.
The of logs, showing the position of the road as a lumber
.form adopted by the Commission leaves the Louisville carrier. With this lumber traffic the road has done a
issued.
it
—
&
Nashville stock
still
in the hands of
" the head
of
the firm of J. P. Morgan & Co.," who, we are told, "is at
the head; of the voting trust which controls the Southern Railway." There is a charge also that the abovementioned firm and its associates in the Southern
profitable business for
a good
many
The gross earnings
months ended June 30 1902 reached
pointed out.
years, as already
for
the
twelve
$635,748, and the
Income from other sources
available income up to $394,941.
net earnings $357,269.
brought the total
now secured control of "the stock of the Fixed charges were only $149,725, leaving a balance
Atlantic Coast Line Company and Atlantic Coast Li ie of $245,216. The call for the 5 per cent dividends
Railroad Company " a charge which b&i do fact to paid on the common stock was $175,900. Roughly,
support it, and which the Commissioners, if .they had it may be said that the company's net income was
any "knowledge" of the muter, would not have $400,000 and its fixed charges $150,000.
made.
We are aware that the public press has
The means for the new properties acquired and the
connected the Inter-State Commerce Commission with new extensions to be built will come from the issue of
Railroad:have
—
this complaint as its instigator.
We have
say on that point on this occasion.
looks a little improbable. Kentucky
nothing to $4,000,000 of preferred stock, of which $3,000,000
sold some time ago to Messrs. Fisk & Robinson of
city, $1,000,000 having been taken up to June 30
The statement was
we think would this
,
—
THR CHRONICLE.
878
The balance shows
unexpended proceeds of this $1,000,000 preferred stock were on June
30 1902 $880,000, and in addition the company at that
date held $319,518 of unexpended proceeds of bonds
sold.
This is independent of the cash held on the
ordinary operations of the road, amounting to $333,
732 more. The credit balance to profit and loss on
June 30 was almost four hundred thousand dollars
$385,918 this representing the net surplus from
operations after payments of dividends from the time
Altogether,
of the organization to June 30 1902.
the future of this little road will be watched with
1902.
that the
—
considerable interest.
There was no change in official rates of discount by
any of the European banks this week. The statement of the New York Associated Banks last week
showed an increase of $1,773,800 in specie and of
$3,400 in legal tenders, making the total gain in cash
,
This amount may have reflected part of
one day's average of the sum of $11,293,789 which
was paid by the Treasury for bonds on Friday, the
checks for this amount having been cashed over the
counter on that day. Loans decreased $9,197,100
and deposits were reduced $9,214,800. The required
reserve against deposits, including those of the Government, was diminished by^$2,303,700, which sum,
added to the gain in cash, made $4,080,900 as the
increase in surplus reserve; this item now stands at
Computed on the basis of net deposits,
$5,608,250.
less $39,960,000 of Government funds, the increase in
surplus reserve was $3,912,550 to $15,598,250. The
bank statement of this week should, it would seem,
reflect five days' average of the total payments by
the Treasury of $11,293,789 05 for bonds on Friday of
last week, or $9,411,491,
and also $8,376,762 55
which was paid through the Clearing House by the
Treasury from Saturday of last week to Friday of
this week, both days inclusive, making a total of
$1,777,200.
[Vol.
LXXV.
Tuesday $1,887,000 were turned in and $2,596,530 98
paid therefor, and on Wednesday the deliveries were
$1,053,600 and the payments $1,449,628 09.
Additional bonds were received on Thursday to the amount
of $290,000, for which $399,233 69 was paid, and the deliveries on Friday were $85,000 and the payments
$117,057 15.
This makes a total of $14,336,450
bonds delivered by the syndicate and the total payment to them $19,670,551 60; these deliveries and
payments were at the New York Sub-Treasury.
Some bonds have been received by the Treasury at Washington and at other Sub- Treasuries
than the one at New York from other than syndicate
sources, but the full amount has not yet been reported
from Washington; it was stated on Friday that the
total of all bond payments up to Thursday night had
been $20,052,926 for $14,490,250 bonds. It was reported from Washington on Thursday that the Treasury Department had decided to accept as substitutes
for Government bonds which are pledged for public
deposits the bonds of any city in any State in the
Union whose debt, exclusive of water debt and sinking
fund, is less than 7 per cent of the valuation of the
city for the
Money on
at
purpose of taxation.
call representing
the Stock
cent and at
bankers' balances loaned
Exchange during the week
at 6£ per
per cent, averaging about 5£ per cent.
loans were at 6£ per cent and at 4 per
cent, with the bulk of the business at 6 per cent. On
2-J
On Monday
Tuesday transactions were
cent, with the majority at 6 per cent.
loans were at 6 per cent
and at 5 per
On Wednesday
at 64 per cent
and
at 4 per cent, with the
bulk of the business at 5£ per cent. On Thursday
trarjsactions were at 5£ per cent and at 4 per cent,
with the majority at 5 per cent. On Friday loans
were at 5 per cent and at 2£ per cent, with the bulk of
the business at 4£ per cent. Banks and trust companies have loaned at 5-£ per cent as the minimum.
$17,788,253 55.
Time loans are quoted at 6 per cent for all periods,
Among other special disbursements by the Treas- without the exaction of a commission for their negoury have been the $2,150,000 interest on the public tiation, and there appears to be a good inquiry for
debt due Nov. 1, which was ordered by Secretary those for long periods, indicating expectations of a
Shaw on Saturday of last week to be paid without re. continuance of firm money rates. The business is
bate, and transfers to this city from San Francisco of small, the majority of borrowers being disposed to
$900,000. Washington despatches report that the wait for some concession in rates.
Commercial paper
amount of rebated interest thus far paid has been is quoted at 6 per cent for sixty to ninety day endorsed
$3,288,597. The amount of municipal bonds which bills receivable, 6 per cent for prime and 6£@7 per
have been accepted as pledge for public deposits hith- cent for good four to six months' single names. A
erto secured with Government bonds is $14,285,500. little business is reported with Eastern and Western
It was announced this week that Lazard Freres banks, but none with local Institutions.
have been advised of the shipment to them from Aus-
through the London, Paris and American Bank
The Bank of England minimum rate of discount
of San Francisco, of $1,250,000 gold, which is ex- remains unchanged at 4 per cent.
The oable reports
pected to arrive at San Francisco on or about Novem- discounts of sixty to ninety-day bank bills In London
tralia,
ber 15.
As
previously
3$ per cent. The open market rate at Paris is
San Francisco next week con- 2f @3 per cent and at Berlin and Frankfort it is 3
signed to Seligman & Go.
per cent. According to our special cable from LonAs was noted in the Chroniclb last week, the don, the Bank of England lost £62,350 bullion during
amount of United States 4 per cent bonds of 1925 the week and held £34,056,685 at the close of the
delivered on Friday by the syndicate from whom they week.
Our correspondent further advises us that the
were purchased was $8,253,400, for which $11,293,- loss was due to the export of £140,000 to Egypt and
789 05 was paid.
On Saturday $865,000 of these to receipts of £78,000 net from the interior of Great
bonds were delivered and $1,192,211 20 was paid, and Britain.
on Monday the deliveries were $1,902,550 and the payments $2,622,101 44. In view of the fact that some
The foreign exchange market has been generally
bonds which the syndicate had contracted to deliver active and strong this week, intluenced by easier rabes
had not then been received, the Secretary extended for money in New York, by firmer discounts and by
fall
the time for the reception of such bonds, and on an alvance In the price of gold in London, by
lian gold will arrive at
,
reported, $1,500,000 Austra-
.
October
THE CHRONICLE.
25, 1908. J
in the rate for exchange at Paris on the British capital
and by a good demand for remittance in settlement
of
879
daily posted rates for
ing drawers.
maturing loans and also for stocks sold in London
Recount. The relaxation ia the rates
for
for money on time and the dearer discounts abroad
seemed to check offerings of sixty and ninety day
FBI.,
Oct. 17.
New York
bills
representing
sterling
loans.
The higher
dis-
counts in Europe caused a demand for sight bills for
settlements for loans which were not desirable to
renew, or which could not be extended, and there
was quite free selling early in the week of American
securities in London which called for bills for remit-
exchange at Paris on London was
a notable feature of the week and it was reported to
be caused by preparations for the negotiation in Paris
On Wednesday
of important international loans.
the Paris rate fell to 25 francs 12 centimes,
and as New York exchange on London was then
4 8675, it was calculated that were Paris exchange to
remain low the rate for New York sight bills on Lindon would hare to advance less than one cent per
The
tance.
pound
fall in
sterling to
make
uted to the light inquiry for this week's mail. As
above noted, £250,000 of gold, not hitherto reported
as
engaged,
is
in transit
and
There was an arrival on Monday of $278,550
French gold consigned to August Belmont & Co.;
this Is understood to be in transit to Cuba.
The
A.saay Office
Gold
paid $1,265,225 36 for domestic bullion.
received
at
the
{gg$£
Baring,
60 days
Sight
60 days
(
Magoun & Co.
Bank British
.
{
.
(
4 83*
4 86*
4 83}£
86*
4 83*
4 86*
4
No. America.. ( Sight..
4
Bank of
J 60 days
{Sight.. 4
Montreal
Canadian Bank J 60 days 4
of Commerce.. ( Sight.. 4
Heidelbach, Ick- ( 60 days 4
elheimer & Co. ( Sight .. 4
—
Merchants' Bk.
of
Canada
8
im^
Lazard Freres..
{
\
60 days
Sight ..
4
4
84
87
81
87
83*
88*
88*
86*
4 84
4 87
MON.,
TUK8.,
Wed.,
Oct. 20.
Oct. 21.
Oct. 22.
84
87
84
87
84
87
81
87
84
87
84
87
87
84
87
84
81
87
84
87
Oct. 24.
84*
84*
87*
84*
87*
84*
87*
81*
87*
84*
87*
84*
87
81
87
84
87
84
87
84
87
84
87
Fp.i,,
Oct. 23.
84
87
84
87
84
87
84
87
84
87
84
87
84
87
84
84
87
THTJB.,
sm
81*
87*
84*
87*
84*
87*
81*
87*
8t*
87*
84*
87*
84*
87*
,
87*
84*
87*
84*
87*
Thf following
to
gives the week's movements of money
*nd from the interior by the New York banks.
Wuk
Ending
Oct. 24, 1902.
Htteivtd bv
Y. Bank:
ff.
Y.Bankt.
1,067,000
16,582,000
Loss
Loss
15,534.000
897,000
Total gold and legal tender*.
Set Interior
Movement.
SXi99tS bV
W
14.686.000
aurrenay.
sola
18,601,000
With the Sub-Treasury operations the
|8B9,00C
170.000
Loss. 81,069,000
result
is
as
follows.
InU
Ch*m*
Bmnkt.
Oct. 24, 1902.
Bank! interior movement, as above
Jab-Treat, operations
The
iQ
Out Qt
Bank*.
$5,532,000
41,600,000
16,601,000
24,600.000
Loss. Sl.069,000
147.132.000
Week Ending
131.201,000
Gain.tl5.931.000
following table indicates the
Set
Bank
i%
Hnidin§*.
Gain 17,000,009
amount
of bullion
the principal European banks.
Oct. 24, 1901.
Oct. 23, 1902.
Bank
of
Qold.
from Australia to San Fran-
is due to arrive about November
15; it is
consigned to the London, Paris & American bank of
which Lazard Freres of this city are the agents.
cisco,
Brown Bros
exports of gold profitable as
an arbitration operation; some bankers who have
greater facilities than others ffor shipping gold might,
it was said, export the metal at a profit with sight
bills at 4 8750. On Thursday Paris exchange on London rose half a centime, and it was then thought
probable that this indicated less urgency for gold at
the French capital; at the same time the tone of our
exchange market was easier, though this was attrib-
exchange by some of the lead-
Silver
Total.
Gold.
Silver.
S
£
£
£
S4.066.685
84,068,636
36,351,411
Total.
S.
36.361,411
101.864,119 44,376,402 140,840.621 04,859,440 43,840,036 1S8.198.523
32.681,000 11,955,000 44,536,000 32,822,000 12,765.000 45,587,000
71,505,000 6,778.000 78,283,000 66,383,000 6,916,000 72,298,000
Sn**la
Aa*.-Hnng'y. 46,709,000 12,220,000 67,935,000 45,501,000 10,826.000 66.337,000
ipaln
14.302,000 19,449,000 83,751,000 14,006 000 16.900,000 80,906,000
"ranee
Jar many
16.208,000
Motherland*..
'at Belg'm..
2,046,200
18.253,200
15,945,000
1,888,5)0
17.913,500
4,690,200
6,444,700
11.134,900
6.765,900
6,711,6 K)
11,467,600
8,139,883
1,668,667
4.709.000
8,099,333
1,649,687
4,649,000
rot.thit week 324,066,387 104843B69 428,899,808 314,221,084 99.476,853 418,697,937
Tot. orer. w'k 323,768,939 104670810 428.439.889 312.402.061 98,690,577 411,093,688
Custom House during the
week, $244,706.
BOND
PURCHASES.
Nominal quotations for exchange are 4 84£ for sixty SECRETARY SHAW'S
day and 4 87$ for sight. On Saturday of last week
In connection with his moves for relief of the
the market was strong at an advance, compared with money market, Secretary Shaw has come in for a
the previous day, of 25 points for long to 4 83@4 8315, liberal share both of praise and of criticism. This,
of 20 points for short to 4 8585@4 86 and of 30 points we should say, is an inevitable result of our system.
for cables to 4 8640@4 8650.
On Monday the market Critioism naturally differs, according to the gravity
continued strong, with a rise of 25 points for long and of the situation and the results of the measures of
for cables to 4 8325@4 8340 for the former and to relief. But this does little more than confirm Secre4 8665 @4 8675 for the latter, while short was 30 points tary Falrchild's view, expressed in his Treasury rehigher at 4 8615@4 8625. On Tuesday the market port for 1887, that this function of discretionary
was less active and irregular, though generally firm ; relief to the money market is "a power which unlong fell 10 points to 4 8315@4 8325, short sold 5 necessarily ought not to be given to, and a responsipoints higher at 4 8615@4 8630, and cables were un- bility which ought not to be put upon, any officer of
changed. On Wednesday the tone was strong again, government."
and then the bidding was brisk for bills for next
With this view of the matter we have always conweek's mail. Long and short rose 35 points to 4 8350 curred; but the trouble has been that Congress per@4 8375 for the former and to 4 8650@4 8675 for the sistently refuses to correct the law so as to free the
latter, and cables were also 35 points higher, at 4 87 Secretary's office from responsibility.
We have had,
@4 8725. On Thursday the market was easier in in the past, much eloquence expended at Washington
consequence of offerings of loan bills, though there and on the stump, regarding the Treasury's constant
were no changes in rates. The tone was steady on meddling with the money market. But the instant a
Friday. The market closed at 4 8325® 4 8340 for measure is proposed to these legislators, through
long, 4 8650@4 8660 for short and 4 8690@4 87 for which conditions might be created whereby the
cables.
Commercial on banks 4 82|@4 83 and docu- Treasury's interference would be needless or imposments for payment 4 82£@4 83^. Cotton for payment sible, the ardor of the statesmen cools off peroeptibly.
4 82£@4 82f, cotton for acceptance 4 82£@4 83 and
In this regard political denunciation of Secretary
grain for payment 4 83@4 83f The following shows Shaw for relieving a straitened money market Is of a
—
THE CHRONICLE.
880
\
|Vol.
LXXV.
denunciation of Secretary of the pending fiscal year had bought no bonds
Carlisle for doing what he did to rescue the Treas- at all.
The second reason is the existence of a very large
ury. It was within the power of Congress in 1894,
to remove such re- surplus revenue, which has led to a correspondingly
and it is within its power now,
sponsibility from the Treasury.
It can only do this large locking-up of currency In the Sub-Treasury.
through a permanent and ^intelligent measure for the We showed in our Financial Situation of October 11
keeping of all its surplus funds on the open money (page 758) that from the first of February 1902 to the
market. In other'words, the National Government first of October the Government had withdrawn from
persists in retaining [practices regarding its financial bank reserves and locked up in theJSub-Treasury very
administration which a State or municipality would nearly 34 million dollars. Even since the Secretary's
laugh at. It has,^indeed, been to us during many bond purchases and the disbursements made on that
years a source of astonishment that people who watch account, these accumulations have not all been rewith complacency" the enormous transactions of New turned to commerce; the Sub-Treasury still holds
York City's Treasury with its bank depositories about 7 million dollars more than it did February 1.
should shake their heads fgravely over a similar proBesides, it was doubtful until last week if bonds
ject for the Federal finances.
could be had at all except at such prices as should start
The most progressive of modern States, financially the sale of national bank-note collateral. When a group
as industrially, we.'are^clinging to an awkward fiscal of bankers, therefore, offered a block of bonds, and
system contrived some sixty years ago, and recognized, offered them at a price 1 to 1£ per cent lower than the
even theD, as a temporary makeshift. The two car- Treasury paid for the same securities last autumn, the
dinal principles of national finance, that the Treasury Secretary had no choice.
Not least of all must it be
State must[never be allowed to go empty, remembered that the Treasury has no assurance of its
of a solvent
and that, on the other hand, it must never lock up ability to buy again on similar terms, and that meanthe money of the people, are not merely ignored by while the surplus revenue is proceeding at the rate of
our law-makers, but are all but forced on the Execu- two to three millions monthly. If the Secretary
tive.
When we read every now and then a jubilant chooses under such circumstances to ward off in adnewspaper paragraph/ £over the "record breaking" vance the consequences of a coming absorption from
amount of "free gold'^held in the United States the market, who is to blame him.
Treasury, it occurs]to us^that the viziers of Asiatic
potentates probably rejoiced at the same thing and
VALLEY'S DIFFICULTIES.
for the same reasons.
Enthusiasm over the absolute
piece with the
political
LEHIGH
r
The appearance of the annual report of the Lehigh
us as'purely barbaric.
If a private Valley Railroad Company serves to direct attention
do what^the Treasury is doing, he anew to the difficulties under which this property
withdrawal of a huge jaum]of money from the use of
commerce
strikes
capitalist
were to
would be treated like a malefactor, and quite rightly.
But thepower of ancient^tradition in political affairs
is
very great.
To come down
to the] t more recent incident in the
much
has been made of the
fact that Secretary Shaw's disbursement of $20,000,000
Treasury's
operations,
under last
week's announcement, was^followed, first by an outbreak of violent speculation on the Stock Exchange,
and then by a rise in sterling exchange very close to
the point where gold exports would be profitable.
We do not question^ the* fact that both these events
were connected with, and were in a way the consequenoe of, the heavy Government disbursements.
in puichase of four per cent bonds of 1925,
once an important trunk line and a large anthracite
labors.
No one of course looked for a good
carrier
showing for the year under review ; conditions were
The report is for the twelve
so obviously unfavorable.
months to June 30, the company's fiscal year which
formerly ended with November having been changed
A statement is furnished giving the reto that date.
sults for the period from November 30 to June 30
that is for the seven months since the close of the
previous fiscal year but as the figures for the twelve
months to June 30 are also given, and indeed appear
in very comprehensive shape, notwithstanding the first
five months were covered In the preoeding report to
November 30, we need not concern ourselves with the
at
—
—
Bhowing relating to only a portion of a year.
Briefly stated, the income account discloses a deficit
resulted from relief to^the^money market.
That such
relief was sudden'; thatMt came, so to speak, in a below charges and expenses on the operations of the
burst, sufficiently shows'why the] upward rebound in new fiscal year to June 30 in the sum of $1,332,776,
stocks and foreign exchange rates should have been comparing with a similar deficit in the twelve months
To this should be added a
so abrupt.
It is not surprising, in view of precedent preceding of $1,098,312.
of^the last few years, that so large additions to money further deficit for the same period on the operations
market supplies in thejoresent position of the foreign of the Lehigh Valley Coal Company (after charging
up $320,457 for colliery improvement) of $56-*,682,
exchanges should be followed by gold exports later on.
But this has llttle^bearing on the right or wrong of comparing with a deficit of $652,246 in the year ended
That, however,
is
only another way of saying that they
the Secretary's actlon^in this matter of bond redemp- June 30 1901, after charging up $461,780 for colliery
tion.
There were two reasons why Mr. Shaw could Improvements. For the combined companies, therenot very well help himself, even had he disliked to fore, we have a deficit of $1,901,459 in 1901 02 follow-
make the move.
One reason was
that the sinking
ing a deficit of $1,750,558 in 1900-01.
We have stated that conditions were unfavorable.
Foremost, of course, among the adverse influences
fund law requires the'purchase, before next July, of
something like $56,000,000 of the public debt. It is
true that this law has been very liberally construed, was the anthracite miners' strike, which began M*y 12
and that redemptions have been abandoned when and continued to the end of the fiscal year and up
But with an overflowing to the present week. The company, however, suffered
revenue waB deficient.
revenue, the law ought certainly to apply if It ever hardly less seriously from floods. The first of these
does, and the Treasury during the first three months floods occurred on December 15 1901, occasioning a
'
October
THE CHRONICLE.
25, 1902.]
881
amount of damage along the Lehigh Valley be- was spent for maintenance in the late year, as against
tween White Haven and Mauch Chunk and in the only $4,075,219 so spent In the earlier year.
Now look at the other side of the story. In the
territory traversed by the Lehigh & New York and
& Northern branches. This same period of seven years gross earnings rose from
the Elmira Cortland
great
report tells us, caused a loss (In bridges,
to road-way and track) estimated at about
flood, the
damage
$276,000.
$18,064,268 to $24,272,254, being an addition of fully
one-third, and reflecting an immensely larger tonnage.
damage from What did it cost the company to do this larger amount
under way when, on February 28, of work ?
"Cost of Conducting Transportation,"
The work
of repairing the
that event was still
practically the same territory was visited by a second
and much more severe flood, undoing entirely the repair work that had been completed after the first
The cost
flood, and entailing a heavy additional loss.
of repairing the havoc wrought by the two floods is
calculated as about $886,000, of which amount
$562,000 had actually been expended up to June
30 1902.
In addition to the extra outlays thus entailed,
furnishes the true test of
economy in operations, supplies the answer to this
which, as already stated,
The expenditures grouped under Cost
question.
of
Conducting Transportation were, roughly, only $210,000 heavier in the late year than seven years before,
the total standing at $9,130,530, as against $8,920,750.
It is thus evident that the money spent in raising the
physical standard of the property is yielding good re-
it is
turns,
and
estimated that gross revenues were at the same time
reduced from the causes mentioned by interference
affairs
with marked
as just
also that the
skill
management
and
are conducting
efficiency.
We may cite
one instance of how such improved results
not less than $3,000,000— making the total are being attained that in the late year, with a further
As the business of increase in the train-load, the revenue load was
loss close to four million dollars.
which the road was thus deprived could have been brought up to the high figure of 467 tons. Including
done with comparatively little addition to expenses, it company freight, the average was 488 tons. As anwith
traffic
amount men- other way
of indicating the extent of the maintenance outlays and the saving effected in Cost of Confore, that except for these disturbing causes the ducting Transportation, it may be noted that in
income account of the two companies instead of 1901-02 the maintenance expenses formed 40-31 per
recording a deficit in amount of $1,901,459 would cent of the gross earnings, as against only 22*56 per
have shown a very comfortable surplus on the opera- cent in 1894-95, while on the other hand Cost of
Conducting Transportation formed only 37*62 per
tions of the twelve months.
Entirely apart, however, from these speoial deplet. cent of the earnings, as against 49*38 per cent.
We have thought it interesting also to compare the
ing agencies, the same drain upon income was ex.
perienced as in the years immediately preceding. We Lehigh Valley with the Erie, and have accordingly
refer to the continued augmentation in expenses. brought together the following figures from the reEven in the late year, with traffic curtailed ports of the two companies
from the causes mentioned, these expenses rose
r-Year ending June 30, 1902—*
*
almost another million dollars— $984,094. The augErie.
Lehigh Val.
Average length of road (miles)
2,153
1,387
mentation was of the same nature as before that is,
Tons one mile
4,756,339,949 3,418,884,789
more than the whole of the increase occurred in the Passengers one mile
524,679,237
208,561,926
6-35 mills
expenditures on maintenance account. The outlays Rate per ton per mile
5 54 mills
Rate per passenger per mile...
1-54 cte.
1-75 cts
for maintenance of equipment were added to in the Gross
earnings
$38,409,225
$24,272,254
sum of $833,062 and those for maintenance of way and Expenses.—
$3,694,216
$4,632,997
structures in amount of $391,280, making together Maintenance of Way and Structures
is
obvious that nearly the whole of the
tioned counted as a loss in the net.
It follows, there
:
—
Maintenance of equipment
5,381,280
5,149,924
expenses
$9,075,496
14,610,165
934,465
$9,782,921
9,130,530
738,667
$24,620,126
$19,652,118
$13,789,099
376*521008
399*76 "
$2 39
$4,620,136
466-83 tons
487-82 "
almost 1± million dollars— $1,224,342. On the other
Total maintenance
hand cost of conducting transportation, where economies In operation show, was reduced $243,769. The Conducting transportation
General
damage from
floods of course
added materially
to the
All expenses
maintenance expenses, but the real reason for the
large and continued increase in the outlays of this
Net earnings (before
character is found in the effort of the management to Train-load
taxes)
bring the physical condition of the property to a Train-load, including company freight...
Earnings per freight train mile
$2 59
higher standard, in order that the road may be able
to compete on equal terms with rival lines and also so
Thus we see that the Lehigh Valley, with only 1,387
as to promote still further economy and efficiency in miles of road against the Erie's 2,153, with gross earnoperations.
ings of 24i million dollars against the Erie's 38f million,
We showed a year ago what was being done in with a freight movement one mile of 3,418 million
these directions, but with the appearance of each tons against 4,756jmillion tons, and with no more than
new report the story becomes a more interesting and 208£ million passengers one mile, as compared with
emphatic one. Plainly, therefore, statistics calculated
to emphasize the statement serve a useful purpose.
Though the fiscal year has been changed, the annual
report furnishes in convenient form statistics for the
June 30 period for many years past. It appears that
In 1894-95 maintenance of way expenses counted for
no more than $1,747,560 ; for the late year the corresponding item was $4,632,996. For maintenance of
equipment $2,327,659 was spent in 1894-95, while the
expenditures of this description in the late year were
$5,149,924.
In other words, altogether $9,782,920
upon maintenance
524f millions, actually spent
account three-quarters of a million dollars more than
the Erie
—the Lehigh Valley's
tures having been $9,782,921
The operating
results
maintenance expendi-
and the
Erie's $9,075,496.
are highly creditable to the
Lehigh Valley management. The revenue train-load
is 90 tons larger than on the Erie, being 466 tons
against 376 tons both high figures.
The Lehigh
Valley obtains much smaller average rates, having
—
realized in the late year only 5*54 mills
mile, while the Erie averaged 6*35 mills
;
per ton per
nevertheless,
THE CHRONICLE.
882
$2 59
per mile run, as against $2 39, the amount earned by
the Erie trains.
Not only is the property being: administered with
owing to
its
larger train-load,
its
nevertheless
amounted
$7,808,279 in 1894-95.
its traffic is
to $9,328,959, as against only
The
LXXV.
trains earned
being largely and
have already seen that total
We
steadily developed.
gross earnings rose from $18,064,267 in 1894-95 to
$24,272,254 in 1901-02. The increase has extended
to all departments of the company's business. Though
earnings from coal traffic were diminished in the late
year by reason of the coal strike, these coal earnings
gratifying economy, but
[Vol.
greatest expansion, how-
been in the general merchandise traffic, the
revenue from which was $9,627,286 in the late year,
The
as against but $6,564,363 in the earlier year.
passenger earnings in the same interval advanced
from $2,183,716 to $3,664,820, though it is proper to
say tii at in the late year there was a special favoring
circumstance in the Pan-American Exposition at BufThe fact should not be overlooked that the
falo.
merchandise traffic, in which chief growth has
occurred, is much less profitable than the coal
ever, has
THE GREAT NORTHERN RAILWAY
REPORT.
In the case of the Great Northern Railway Company,
one always expects noteworthy results and one is never
disappointed. Indeed, the company's operating and
fiscal achievements are nothing less than marvelous.
From the first the property has eDJoyed remarkable
prosperity in fact that was the record of the predecessor company to which the Great Northern succeeded, namely the St. Paul Minneapolis & Manitoba.
From the first, also, President Hill has enjoyed distinction as a railroad manager, his operating methods
forming models and examples of efficiency and economy which other railroads throughout the United
States have closely studied and undertaken to equal.
In all these particulars the Great Northern still maintains preeminence, each new report revealing a i arther step in advance or furnishing a record of some
new achievement.
Conditions during the year undor review in the territory drained by the system were on the whole very
favorable.
Exception, however, must be made of the
—
lines in Montana, where a falling off in the earnings
have said above that the problem confronting and freight traffic of the Montana Central occurred on
the management of the property is a difficult one. account of the practical suspension of the mining and
Their efforts to enlarge the bnsiness of the system are manufacturing of copper in Montana fcr nearly four
meeting with gratifying success, and so are their months. As an illustration of the way the property is
Neither being managed, it may be pointed out that under the
efforts to promote economy in operations.
they nor the shareholders have any reason for com- favoring conditions noted, gross earnings of what is
plaint on that score. Bat, as has been seen, the main- called the Great Northern System not including, howtenance outlays have risen year by year. Moreover, ever, the operations of the Spokane Falls & Northern
there is nothing to indicate that these maintenance Railway System increased over 7f million dollars,
traffic.
We
—
—
the early future.
rising from $28,350,690 to $36,032,256, and that the
Obviously the work of raising the physical standard larger volume of business represented by these inand condition must continue to go on, otherwise the creased earnings was done with an addition to expenses
property will lag behind in its competition with rival of only $1,945,743. As a consequence net earnings
systems. The company's traffic has to be moved at (before deducting taxes), which in 1900-01 were $12,-
outlays can be greatly curtailed in
very low rates. Notwithstanding some slight improvement in the late year, its average, as has just
507,269, in 1901 02 reached $18,243,092.
course were
Taxes of
much
heavier, being $1,239,694 for the
late year, as against $969,642 for the year preceding.
been shown, was no more than 5*54 mills per ton per
mile as against the Erie's 6*35 mills. The property But even with the taxes included, the ratio of expenses
must be elevated to a standard of efficiency and to earnings for 1901-02 was only 49*37 per cent, as
economy enabling it to handle traffic at a profit at against 55*88 per cent in 1900-01. The result is the
more noteworthy as it was made in face of another desuch low figures.
There is absolutely no provision for obtaining cline in the average rate realized by the company on
new capital, yet money for the purposes named is its traffic, this average for 1901-02 having been only
urgently required. President Walter says that a por- 8*59 mills, against 871 mills in 190001 and 8*99 in
tion of the funds can be provided from net earnings, 1899-1900.
that
It will no doubt be asked how was it possible to add
as in the past, but that this will not be enough
some financial plan must be adopted by which money $7,681,667 to the year's gross receipts with an augfrom other sources can be obtained. It Is evident the mentation of only $1,945,743 in expenses. The anmanagement think this no easy task. The company, swer must be found in the operating methods pursued,
as appears from page 35 of the report, has a total of whioh continue to work stealy improvements in re$118,803,000 of funded debt, equipment trusts and sults. Study of the traffic statistics in the report
guaranties, the charges on whioh amount to over six throws interesting light on these methods and what is
Of the $1,946,743 augmillion dollars— $6,039,005. The burden is obviously being accomplished thereby.
a large one, all things considered, and as recent an- mentation in expenses, $672,293 was in the amounts
nual reports, by reason of the heavy maintenance out- spent for maintenance of equipment and maintenance
lays, have failed to show these charges earned, the of road and structures, $109,364 was in the general
matter of providing a new obligation which shall expenses and $1,164,086 was in the cost of conductprove attractive to investors will oall for the exercise ing transportation. The increase in the volume of
Evidently the company is pay- traffic was of really striking proportions. There was
of much ingenuity.
ing the penalty of its neglect to make adequate a gain of over 33£ per cent in the number of passenmaintenance and improvement outlays in earlier gers carried one mile (the earnings of passenger trains
When past deficiences in that respect have having risen $1,869,091, or 29^ per cent), and of 28^
years.
been made good, and when the effects of the coal per cent in the number of tons of revenue freight
millions more tons one
strike have been overcome, the future will once more moved one mile, fully 708
mile having been carried than in the preceding year.
wear an assuring look.
—
.1-
October
THE CHRONICLE.
25, 1902.]
With 28£ per cent
increase in
the
tonnage
of
revenue freight one mile, the mileage of loaded freight
cars increased only 21 '20 per cent, and the mileage of
What
freight trains no more than 17'37 per cent.
this means will of course be readily understood by all
883
Paget Sound; also the
like decrease of about 10 per ceat which became
effective August 28 1902 in the rates on grain and
grain products from stations in Minnesota, North
Dakota and South Dakota to eastern terminals.
We have adverted above to the company's having
enjoyed favorable conditions during the twelve months
covered by the report. One of these favorable conthe Scate of Washington
to
our readers. It means that with an average train-load
tbat was already attracting general attention another
addition was made. This addition amounted to no
The
less than 36*30 tons, bringing the average load up to ditions was the large spring-wheat crop raised.
The figure, it is road hauled 26,987,682 bushels more wheat east than
the imposing figure of 417-59 tons.
revenue freight only. Including com- in the year preceding. After all, however, this acstated, covers
pany freight the average would of course be still counted for only 809,630 tons out of 3,311,552 tons
Bearing in mind that much of the system increase altogether. Furthermore, it is pointed out
higher.
runs through sparsely settled sections of country, the that the full amount of the previous year's losses in
result, as every one will admit, is surprisingly good. the wheat tonnage was not recovered, 4,587,599 bushWhat follows from such a large addition to the train- els less of wheat having been hauled than during 1899-
when we turn to the earnings 1900, and the earnings from the east-bound wheat
mile and find that for 1901-02 the traffic having been $542,685 smaller than in the year
per freight train
This mentioned. Proceeding a step further in the analysis,
trains earned no less than $3 64 per mile run.
compares with $3 38 per mile run in 1900-01 and with it is found that there was an increase of 1,458,179
$3 26 per mile run in 1899-1900. Thus in these two gross tons in the amount of iron ore hauled on the
load becomes evident
an improvement in the eastern division. Entirely aside from the wheat and
train mile earnings of about 12 per cent, and more- iron ore tonnage, however, there was an increase of
over this was accomplished notwithstanding a decline 1,070,762 tons in other kinds of freight, the addiin the average rate received per ton per mile, as we tional earnings resulting therefrom being $2,587,894.
This shows at once how diversified the traffic of the
have seen, from 899 mills to 8-59 mills.
The great attention, paid to operating details on the system is becoming and how general is the growth in
Great Northern is, of course, well known. In the all parts of the system. The rapid settlement and
testimony which Mr. Hill gave this week at St. Paul development of the country tributary to the system
in
the Government suit against the Northern furnishes a large increase in the shipments of merSecurities Company, strong evidence was furnished of chandise and supplies required by the smaller towns.
The income account makes a really imposing exMr. Hill's constant effort to equalize as nearly as
possible the movement of freight in opposite direc- hibit.
By the face of the statement it appears that
tions, which is one of the important factors in attain- there was a surplus of $2,116,990 over and above the
ing a high average train-load. In this testimony Mr. 7 per cent paid out in dividends on the company's
Hill told how the rate on lumber from the Pacific stock.
This would be very satisfactory as it stands,
Coast had been reduced from 90 cents a 100 lbs. to 40 but it should be borne in mind that the result was
cents a 100 lbs., with the result that this lumber is reached after (1) making a special contribution of
now carried and distributed through the whole of the $2,000,000 to the fund for permanent improvements
country North and West of Ohio. Such lumber traffic and renewals [the previous year, owing to the 1900
east-bound saved the expense of returning empty cars, spring-wheat shortage, this contribution, which in
and this saving in expense in turn made it possible to both 1899-1900 and 1898-99 had been $1,800,000, had to
reduce the rate on west-bound traffic. The west-bound be omitted]; that (2) the report tells us that operating
traffic of course was not neglected.
On the contrary, expenses under the head of maintenance of road and
markets for west-bound traffic were sought in Japan, structures included $1,663,812 for extraordinary imin China, and wherever cargoes were to be had, or provements, etc. ; furthermore (3), that the income acwhere there waB any likelihood of any business. Un- count as given in the report does not really show the
remitting endeavor has been manifested to develop entire income of the various properties owned and
traffic in both directions, while at the same time keep- controlled.
As has been many times pointed out by
ing the opposite movements of freight as nearly even ufe, this income account is only
the
income
as possible. The effeot has been to insure economy in account of the Great Northern by itself.
It covers the
operations and to allow of steady diminution in the operations of the Manitoba leased lines and of the
rates to shippers, thereby furnishing a further stimu- Seattle & Montana Eailroad Company, but not the
lus to traffic and promoting the development of the operations of the proprietary roads or other companies
territory tributary to the lines of the system.
controlled by the Great Northern.
In these last inEeference is made in the report to the company's stances the account embraces merely the amounts
policy of reducing freight rates as rapidly as the vol- received by the Great Northern on its holdings of
ume of traffic and earnings will justify, and mention stock and bonds in those companies. If the companies
-is made of two or three very important reductions in
referred to distributed in each case the whole amount
these rates which have gone into effect during the of the year's income, the final result would be the same
present calendar year. On January 25 last rates on as if the operations of these companies were actually
all classes of merchandise between stations in Minne- embraced in the accounts.
As a matter of fact, howsota, North Dakota and South Dakota were reduced ever, such income has not been divided in full.
We
an average of about 15 per cent. Then there have figure that these auxiliary companies had available inalso been quite recently two important reductions in come for the twelve months of $5,286,490, that $1,347,rates with which our readers are well acquainted. 750 was paid out to the Great Northern in the shape
We refer to the marking down of about 10 per cent of dividends, and that $1,361,250 was required for fixed
during August of the freight tariff on grain, grain oharges, leaving a further sum of $2,577,490 which was
products, potatoes, onions and hay from stations in not distributed. With this amount added on, the
years alone there has been
THE CHRONICLE.
884
surplus for 1901-02, instead of being $2,116,990, would
be $4,694,480 this after contributing, as already
—
shown, $2,000,000 to the improvement and renewal
fund, and after allowing $1,663,812 for extraordinary
improvements.
As to the outlook for the current year, all the indications point to continued growth. The late year's
large improvement in earnings was made on substantially the same mileage as the year before, the average
for the twelve months having been 5,249 miles, as
twelve months preceding.
The company is now operating, however, quite a little
new mileage, a total of 268 miles having been completed towards the end of the year or since the year's
against 5,202 miles in the
close.
new
These extensions
will furnish, of course,
The most important
sources of income.
some
factor,
however, in the year's business will be the generally
favorable situation of affairs.
Mr. Hill points out
that the 1902 spring-wheat crop in the road's
terri-
tory is an excellent one, and that as a result of this
and of the prosperous condition of the territory served
by the company, a large increase in the earnings over
the year just closed
may be
confidently counted upon.
A
fact important in its bearing on the future which
should not be overlooked is the great influx of settlers
which has occurred the last few years, and which is
still in progress.
It is pointed out that more than
million acres of Government land alone in the north5
ern part of North Dakota has been taken up during
the last few years under the Homestead Act.
The company is making large purchases of new equipment from year to year, and making very extensive additions and improvements, revision of old lines, etc.,
in order to be able to handle the steadily expanding
[Vol.
LXXV.
Bank & Trust on the corner of Fourth and Walnut was
about the beginning of this movement. The Market National
Bank alone had established itself on West Fourth Street
prior to this. The Union Savings & Trust occupies spacious
quarters on the bank-floor corner of its own "skyscraper,
while the Equitable National has fine quarters across the
corridor. Now the Third National Bank is preparing for the
erection of a beautiful and costly structure atNos. 14, 16 and
18 West Fourth Street, to be devoted exclusively to its
bank uses. Architecturally it will be one of the handsomest
bank buildings in the country, with white granite front 67
feet in height and monolith columns 45 feet high, supporting a massive but classic cornice. On the entablature above
is to be inscribed the name of the bank, date of its founding
and the date of completion of the new building. The main
banking room will be 63x115 feet in size, lighted from the
roof, elegantly equipped in every particular, with waiting
rooms for both men and women, and indeed every modern
appliance and convenience. The Third National expects to
occupy these new quarters in July 1903.
The Fourth National Bank of Cincinnati as previously noted
has also recently bought property on Fourth Street between
Vine and Walnut, a lot 40x120 feet, cornering on an alley.
The bank will proceed soon either to reconstruct the building
now on this property for their own uses or will tear it down
and erect a mammoth structure, of which they will occupy
the lower floor and basement.
On the corner of Fourth and Vine streets, President Ingalls, of the Big Four Railroad system, is putting up a magnificent building of fifteen to twenty stories. The Merchants'
National Bank has contracted for the entire ground floor of
this bnilding when completed.
We have already recorded in
these columns (Oct. 4) the plana of the First National of Cincinnati to remove some time during 1903 to a fine new twelvestory building of their own now in process of erection on
West Fourth Street. With all these removals very few of
the large Cincinnati banking institutions will be left on
Third Street, for so many years the banking centre.
—Henry
C.
Frick of Pittsburg, Pa., has been elected a
director of the Equitable Trust Co. of this city.
volume of traffic. The report furnishes full details of
—Russell Sage has, in view of his feeble health, made prowhat is being done in this way, and we have not space
vision, through a new form of contract with borrowers of
here for any lengthy citations. But as one indication money from him, for the payment of such loans, in the event
of the extensive nature of the work of this character, of his death, into a trust company to be designated by his
we may note that an approximation of the quantities cashier and by another employe, to whom are given physical
of material
moved during the year
in
changes of
line,
construction of additional lines, reduction of grades,
and the collateral security.
Thus the complications which might arise in tke event of
Mr. Sage's death would be avoided.
possession of the borrower's note
widening and raising banks, bridge filling and ballast—On Tuesday the stockholders of the Seventh National
ing shows that over 4 million cubic yards (4,099,137
Bank voted in favor of the proposition to increase its capital
yards) of such material were moved in 1901-02 and from $1,700,000 to $2,500,000 through the sale of 8,000 share3
that this followed 5£ million cubic yards (5,319,318 of new stock to present stockholders at par; the shareholders
yards) moved in 1900-01. There were also placed under this arrangement will receive eight seveu teeth s more of
105,369 cubic yards of masonry, concrete and rip-rap their holdings, and as the stock is quoted at 165® 170 the priviin 1901-02
and 113,431 cubic yards
lege will be valuable. Plans
in 1900-01.
of the National
Mercantile National Bank, and the latter will,
ITEMS ABOUT BANKS BANKER8 AND TRU8T
CO.'S.
The public «ales of bank stocks this week aggregate
217% shares, of which 58 shares were sold at the Stock Exchange and the remainder at anction. The transactions in
trust company stocks reach a total of 31 >'j shares. The first
sale of stook of the Bank of the Metropolis since its capital
—
was increased from
at 551.
No
$300,000 to $1,000,000
sales of either
bank or
was made this week
company shares
trnst
have been reported in the "curb" market.
Bxims— New York.
Price.
Mhartt.
566
1 America. Bank of
5 Central Naiional Bank
5 City Bank, National
10 Commerce, National Bank
20 Corn Exchange Bank
302^
of...
July 1902—
1902— 301
Oct 1902— 340»«
Oot 1902— 434»«
8ept 1902— SOS's
May 1902— 671
June 1902— 925
June 1902— 350
Oct. 1902— 240
333i4
429
790
650
Bank of the
t551
York, N.B. A.. Bank of.. 345-350
100 North America, Nat. Bank of... 247 v>
Trust Companies— New York.
279
6^ Atlantic Trust Co
765
•z Central Realty Bond & Tr. Co.
SSSM-SSS 1^
20 Merchants' Trust Co
1,750
3tUnited States Trust Co
i-j
Metropolis,
58 New
*
Bale at the Stock Exchange,
—The
tale.
Oct 1902— 544
191
5 First National Bank
10 Hanover National Bank
3
Latt pr&vioui
t
New
stook.
have been perfected for the merger
Broadway and the Seventh National with the
190
Oct.
May 1902- 816
Sept 1902— 800
Oct 1902— 390
July 1902-1,7761$
stood, be the continuing institution.
The
capital
it
is
under-
and surplus
Broadway are $2,898,700, the total of the Seventh, after
the increase of capital shall become effective, will be about
$2,686,000, and the capital and surplus of the Mercantile are
One object of the increase of the capital of the
$2,429,200.
Seventh is, as nearly as possible, to place it on an equality
with the other institutions named,
of the
—The Williamsburg
Trust Company has arranged to open
a branch of that concern at the corner of Broadway and
Myrtle Avenue, Brooklyn.
—The Federal Bank, a state
institution with an authorized
it opened
on Monday at 590 Broadway, this city. Its
for business
Frank P. Aberofficers are David Rothschild, President
crombie, Vice-President, and Cornelius B. Outcalt, Cashier;
the latter was for twenty years Cashier of the New York
National Exchange Bank. The Direotors are David Rothschild, Frank P. Abercrombie, A. Judson Stone, Dr. Henry W.
Fraukenthal and Cornelius B. Outcalt. The bank will deal
especially with manufacturing and mercantile interests in
and
paid-in capital of $100,000, has been organized;
;
banking centre of Cincinnati is being rapidly trans- the wholesale district.
ferred from Third Street to Fourth Street. The completion
—One of the most important events in the history of the
year ago of the magnificent building of the Union Savings Fidelity Trust Company of Newark, N, J. is the increase in
October
THE CHBONICLE.
35, 1902.]
885
by 77. The property was aoquired some two years
ago by the Mutual Life in order to prevent the possible erection of a high structure, whioh would affect the light in
their building, which is directly opposite. Work on the new
building, to be six stories, will begin next May. The Mutual
Life is now constructing a similar building on the adjoining
plot, Nob. 56 and 58 Cedar Street, which will be leased to the
the capital which was arranged at meetings of the directors
and stockholders on Monday. As stated by us on Saturday
last, the increase is to be from $1,500,000 to $3,000,000. A sufficient number of the new shares is to be taken by the
Prudential Insurance Company of America to give it control
of the Fidelity. On the other hand the larger part of the
new money received will be used by the Fidelity in gaining a
controlling interest in the Prudential. The statement regard-
plot 47
ing the matter as given out by Mr. TJzal H. McCarter, President of the Fidelity, and Mr. John F. Dryden, President of
the Prudential, is as follows:
—Mr. John U. Wayland, who for many years was Secretary and Trustee of the Buffalo Savings Bank of Buffalo,
tendered his resignation on the 6th inst. He was impelled to
this step by the ill-health of his wife necessitating removal
Home
Insurance Company.
" As has been known for several days, the capital of Fidelity Trust
Company is about to be increased from $1,500,000 to $3,000,000, the to California. Mr. Wayland's fifty years of service with the
new stock being sold at $750 per share. This will result in giving the
allowed to go unrecognized, a tribute being
Fidelity Trust Company a capital of $3,000,000, a surplus of $13,000,- bank was not
made in the shape of resolutions of regret and the presenta000 and a considerable amount of undivided profits.
" Sufficient of this new stock will be taken by the Prudential Insur- tion of a solid silver loving cup by the trustees and a cutance Company to give it, together with its present very large holdings glass set on behalf of the clerks.
A
very large
of Fidelity stock, the absolute control of that company.
portion of the balance of said stook is to be taken by the Equitable
Life Assurance Society of New York, which will give to that company
a very substantial interest in the Fidelity Company, and therefore
Justify it in materially increasing its business with the Fidelity.
"
of the new money thus to be received by the Fidelity
Company is to be used by it in the acquisition of a controlling
The bnlk
Trust
Interest in the entire capital stook of the Prudential Insurance
Com-
pany.
—
The Eastern Trust Company of this city has been designated by the managers of the Coffee Exchange as a depository
for margin accounts for members of that exchange. The
company is also a depository for such accounts for the New
York Produce and the New York Cotton exchanges.
—It is expected that the Franklin National Bank of
city, which began voluntary liquidation August 1, 1899,
this
will
"The officers of the Prudential have for a long time felt, In view o r
finally liquidated soon, and it is reported that stockholdthe extraordinary growth of that company, and of its futnre antic- be
Depositipated growth, that the time has come when, In justice to Its ers will realize about 33 per cent on their shares.
4,000,000 of policy holders, its control and future management should ors of the bank were paid in full soon after its snspension.
be safeguarded for all time in such a manner that neither the death of The institution had a capital of $200,000.
its officers, nor any other agency that human Ingenuity oan foreseeMr. Frederick D. Kilburn, State Superintendent of Banks,
can endanger the rights of its policy holders.
"To accomplish this desirable result a oontraot has been entered into has granted to the Windsor Trust Company of this City the
between the Fidelity Trust Company and a large majority of the stook, necessary authority to do business. The capital is $1,000,000
holders in interest of the Prudential, in which the latter have conand surplus $500,000. The list of directors, who are also the
tracted to sell theii holdings of Prndentlal stook, or as much thereof
necessary, to the Fidelity Trust Company on or before May incorporators, appeared in our issue of the 11th inst.
as may be
1 next at $600 for every $100 of par value.
Comptroller has approved of the organization of the"It is provided In this oontraot, however, that the Fidelity Trust
Stapleton National Bank of Stapleton, N. Y., to be capitalCompany shall offer the same privilege to every stockholder of the
Mr. Robert D. Kent, of Passaiq, N. J., is
Prudential, so that as the Fidelity Company now owns one share of ized at $100,000.
Prndentlal Company's stock, should every shareholder of the nterested in the movement.
the
Prudential avail himself of his privilege to beoome a party to the conNassau Trust Company of Brooklyn, N. Y., will
tract, it would result in each Prudential stockholder selling to the
establish a branch at Fulton Street and Red Hook Lane,
Fidelity fifty per cent of his oldings, which, with the one share it now
holds, would give the Fidelity Company the desired majority of the Brooklyn, having leased the ground floor of a building yet to
Prndentlal stock.
be erected on that site. As soon as the plans for the build"Those of the Prndentlal stockholders who do sign this oontraot will ing have been accepted by the Bureau of Buildings,
work will
sell a sufficient pro rata amount in addition to the fifty per cent of
be pushed rapidly.
their holdings to make up for those who do not wish to sell any.
" While by this arrangement the Prudential Company will oontrol
—The National Newark Banking Company of Newark, N.
the Fidelity, and on the other hand the Fidelity will own a majority of J., is now installed in its refitted new offices.
The main
the capital stock of the Prndentlal, the annual meetings of the two floor of
the building is devoted to the banking room
companies will be so arranged and other arrangements will be so
made that the Prudential will forever be the dominant factor, as of proper, while on the second floor the bank's correspondence
is attended to.
For the convenience of the women patrons a
course it should be.
" It Is expected to consummate this entire transaction between the separate paying teller and book-keeper have been
engaged.
two companies on or about February 1, 1903."
—Messrs. Cyrus P. Brown and Elbridge T. Gerry were
—Col. T. S. Williams, Vice-President of the Brooklyn added to the board of the Industrial
—
—The
—The
I
Trust Company, of
Rapid Transit Company, and Gen. James Jourdan, President Providence, at a meeting of the directors on
the 30th of
of the Brooklyn Union Gas Company, have been elected to September.
the board of directors of the Mechanics' Bank of Brooklyn.
—The New England Trust Company of Providence, R. I.,
—The Security Trust Company of Camden, N. J., has ab- has removed its headquarters to the building formerly occusorbed the New Jersey Trust & Safe Deposit Company, also pied by the Union Trust Company, corner Weybosset
and
of Camden. The purchase, it is reported, was effected at fifty Eddy streets. This institution has control of
what is known
cents on the dollar. The Safe Deposit Company had a cap- aB the Thomas D. Taylor System of Banking, which
hinges
ital of $200,000 and deposits of over $1,900,000. The Security on the issue of shopping tickets against
deposits.
Trust's capital of $50,000 is to be inoreased to $100,000, as
will likewise be the surplus. In the purchase it secures the
bank building corner of Third and Market streets (into
which it will shortly move) and the Cape May, N. J. branch
,
New Jersey Trust & Safe Deposit Company.
—The Newark Loan & Trust Company of Newark,
of the
N. J.,
has filed incorporation papers, and it is believed will be in
shape for business in a few months. It has been capitalized
at $100,000, and will locate in the Central Building, 828
Broad Street. The company is empowered to do a gener al
trust and banking business, as well as to act as fiscal or
transfer agent of any State or municipal body.
—Mr.
Charles A.
Hawley has been succeeded as President
by Mr.
of the Stamford National Bank, of Stamford, Conn.,
S. Merritt.
—Mr. William J. Dixon, who during the past twenty- six
years has served the American National Bank of Hartford,
Conn., in various capacities, from junior clerk to Assistant
Cashier, has been elected Cashier. The former Cashier, Mr.
Joseph H. King, became President in July, shortly after the
death of Mr. Rowland Swift.
—The City Bank
of Hartford, Conn., which some time ago
leased the premises at the southwest corner of Main and
Asylum streets, has just taken possession of its new quar-
—Cornelius P. Roseman, formerly with Kountze Bros, ters. The offices have been undergoing extensive
repairs
and John Munroe & Co., and since 1890 Cashier of Blair & and improvements, and the rooms are now exceptionally
Co., has opened offices at 33 Wall street for the transac- well adapted for banking purposes. The offices
are contion of a general foreign and domestic banking business.
veniently located on the ground floor of the building.
—Messrs. Harvey Fisk & Sons have leased the first and
—The full authorized capital of $1,000,000 (increased from
baeement floors of a new building to be erected by the $750,000) of the Fourth National Bank of Boston is
now
Mutual Life Insurance Co. at 62 and 64 Cedar Street on a available, the final instalment of the increase having
recent-
THE CHRONICLE.
886id
[Vol.
LXXV.
—
The capital of the Old Detroit National Bank of Detroit,
which will succeed the Detroit National Bank when the latthe stockholders last spring.
—The resignation of Mr. Charles L. Barrell as Assistant ter' charter expires on November 17, is to be $2,000,000, not
$1,500,000 as announced several months ago. Subscriptions
Cashier of the Seoond National Bank of Boston was acThis is in pursuance of the action taken by
ly been paid in.
are
cepted this week. Mr. Burrlll has been chosen Treasurer of
the Adams Trust Company of Boston, whose initial opening
occurred on Tuesday of this week. Mr. Samuel Carr is the
President and Mr. Arthur Adams the Secretary.
now
being received to the
new
stock, the sale price of
which is to be $120 per share (par $100), so that $200,000 will
be added to the surplus. The institution was organized in
1863 as the Second National Bank, with $500,000 capital. The
increase to the present a nount of $1,000,000 was made in
—Mr. William A. Gallup has been elected President of the 1865, while the name Detroit National was adopted in 1883.
Adams National Bank of North Adams, Mass., to succeed Mr. Alexander McPherson has been at its head since 1891.
the late Mr. E. S. Wilkinson.
—The Annuity & Savings Fund Company, of Indianapolis,
—Application for a change in the name of the Valley Trust Ind., incorporated in 1901 with $100,000 capital, began busiCompany of Pittsburg to the East End Savings & Trust Com- ness several weeks ago. The company will borrow and lend
pany will be made to Gov. Stone on November 5.
money, will deal in State, county and municipal bonds, and
—On about November
Trust
Company
8 the
German- American Savings
of Pittsburg will be
in
position to
&
company, with the
exception that it is restricted from acting as exeoutor,
guardian or trustee. Mr. William A. Bosson is the President
and Lawrence George the Secretary.
will transact a business similar to a trust
begin
the direction of Mr.
William Zoller, as President, and Mr. O. P. Cochrane, as
Vice-President and Treasurer. Payments on the capital of
$1,000,000 and surplus of $500,000 will be made in five equal
business.
Its
affairs will
be under
—The Union
National Bank of Indianapolis, Ind., a recent
organization, has secured banking rooms in the Aetna
Building, corner Pennsylvania and Court streets, where it
will open for business as soon as the same can be made
instalments.
—The
vacancy in the Vice- Presidency of the United States
National Bank of Pittsburg, Pa., due to the death of ready.
Mr. William G. Foster, has been filled by the election of
—The final payment has been made on the additional 10,000
Mr. James H. McCutcheon.
shares of the Commonwealth Trust Company of St. Louis,
—Mr. M. Zahniser,who was Cashier of the Second National authorized a year ago. Payments were in four instalments,
Bank of Sharon, Pa., before its absorption by the Sharon the last falling due on October 15. The selling price was
Savings & Trust Company, is receiving subscriptions to the
Merchants' & Manufacturers' National Bank of Sharon.
Approval from Washington for the organization of this bank
was given under date of October 14. The capital is to be not
less than $150,000 nor more than $300,000.
—At their meeting on the 15th
First National
Bank
inst.,
of Cincinnati
the stockholders of the
unanimously voted to
in-
crease the capital from $1,200,000 to $3,000,000. As before
noted herein, 12,000 of the new shares are to go to the old
stockholders at par ($100) and 6,000 shares to new subscribers at $200 each, netting a total of $2,400,000, and thus
adding $600,000 to the surplus. The new issue will be ready
for delivery by
November
1,
which date the stock
will bear.
—The two-days' session (on the 15th and 16th inst.) of
the
Ohio Bankers' Association in Cincinnati attracted an exceptionally large attendance, the interest displayed being fully
warranted by the programme presented. Hon. Daniel J.
of Columbus delivered an extended address on " The
Consolidation of Corporations," while Lieutenant Governor H. L. Gordon's theme was "The Citizen and the
City." The following two resolutions presented by the Resolutions Committee and dealing with our bank-note currency and the bankruptcy law were adopted by the Associa-
Ryan
tion.
Resolved, That we strongly favor such amendments to the National
banking laws as will provide a degree of flexibility, making It responsive to the requirements of the commercial and industrial conditions
of the conntry, and; to that end we recommend the appointment of a
committee by the American Bankers' Association at its next annual
convention, to corslst of bankers of prominent ability, to consider the
entire subject fully and carefully and report its recommendations to
the Executive Committee of the association.
Resolved, That the National Bankruptcy Law having, as we believe, served the purposes for whioh it was enacted, and conditions no
longer requiring it, we recommend its appeal as a measure hurtful
rather than beneficial to the business interests of the country.
$350 per share of $100, so that besides increasing the capital
from $1,000,000 to $2,000,000, the company has added $2,500,-
000 to its surplus of $1,000,000,
making the combined
capital
and surplus $5,500,000.
—Group No. 2 of the Missouri Bankers' Association will
meet in Chillicothe, Mo., on Thursday next, when the twelfth
annual convention will take place. For the occasion an
programme has been prepared, the list of speakers
and their papers including Hon. Frank Sheets of Chillicothe,
with an address on "The Old and New;" W. T. Jones, at-
extensive
torney, St. Louis, on "Chattel Mortgages;" Col. Scott J. Miller
of Chillicothe on "The Ideal Banker;" Crosby Johnson, Presi-
dent of the Hamilton Savings Bank of Hamilton, Mo., on
"Troubles of a Country Banker;" W. C. Harris, President of
the Callaway County Bank of Fulton, on "Education and Cooperation the Cure for Most of Our Troubles;" Graham G.
Lacy, Vice-President of the Tootle- Lemon National Bank of
St. Joseph, on "Negotiable Paper;" Joseph O. Calfee, Cashier
of the Citizens' Bank of Windsor, on "A Credit Department
for a Country Bank;" George B. Harrison Jr., Cashier of the
New England National Bank of Kansas City, on "Branch
Banking and Assets Currency;" and E. D. Kipp, Cashier of
the Farmers' Bank of Butler, on "Does Bank Advertising
Mr. Charles O. Austin, formerly Cashier of the
Pay."
Mechanics' National Bank of St. Louis, and now Vice-President of the National Bank of North America of Chicago, is
President of this group. The .Chairman is Mr. S. R. Nelson,
Vice-President of the Chillicothe Savings Association of Chillicothe.
—The German Savings Institution of St. Louis, Mo., whose
stockholders voted in September to increase the capital from
$250,000 to $500,000, filed its notice of increase on the 11th
inst.
—The Kentucky bankers held a most successful convention
in Paducah on the 15th and 16th inst. Chief interest cenThe meeting was made still more interesting by trolley
tered in "The Fowler Bill," which was the topic of Mr. S. K.
rides and entertainments, a brilliant banquet serving to
Sneed, Cashier of the Henderson National Bank of Henderbring the convention to a close. The officers elected are
son, Ky. Mr. Sneed took a stand against the bill, arguing
President, Mr. I. E. Knisely, President of the Northern Nathat while it would benefit the greater financial concerns,
:
tional
Bank
of Toledo; Vice-President,
of the Citizens' National
Bank
Henry
Flesh, Cashier
of Piqua, Ohio; Secretary (re-
Stacy B. Rankin, Cashier of the Bank of South
Charleston, South Charleston, Ohio, and Treasurer (re-elected), Henry C. Herbig, Cashier of the Commercial Banking
Company of Coshocton, Ohio.
elected),
—Judge J. W. Donovan, on the 16th inst., ordered the payment of a 20-per-cent dividend to the depositors of the savings department of the City Savings Bank of Detroit. This
is the first dividend paid since the bank's suspension in February. The Union Trust Company of Detroit is the receiver. The funds of the commercial department of the
bank are still tied up by litigation.
the result would be disastrous to small banks and small
corporations.
resolution opposing the Fowler bill and
urging the Kentucky delegation in Congress to vote against
A
it
S.
offered by Mr. Sneed, but a substitute presented by Mr.
N. Leonard, President of the Farmers' Bank of Eddyville,
was
Ky., and reoommending certain features of the bill, was
A resolution also carried pledging the support
adopted.
of the Association to the Kentucky Exhibit Association of the St. Louis Exposition to be held in 1904, for which
the Legislature of Kentucky made no appropriation. Another speaker was Mr. Frank O. Watts, Cashier of the First
National Bank of Nashville, Tenn., with a paper on "The
Trend of Banking.'" Mr. Joshua D. Powers, President of the
—
October
—
THE CHRONICLE.
25, 1902.]
National Trust Company of Louisville, Ky., also addressed
the delegates, his subject being "How jjCan the Association
Increase Its Influence and Usefulness?" Mr. Sneed is the
new President of the association. The Secretary and TreasThey are respectively Mr. Isham
urer were re-elected.
Manager of the Louisville Clearing House, and
W. Hays, Cashier of the National Bank of Kentucky,
Bridges,
Mr. E.
887
&ammeiaciitl and 'ffiLiscM&uzBUs %zw8
Imports and Exports fob the Week.—The following are
Che imports at New York for the week ending for dry goods
Oct. 16 and for the week ending for general merchandise
Oct. 17; also totals sinoe beginning first week January.
FOREIGN IMPORTS.
—The Virginia-Carolina Trust Company is the
new concern which has been organized in Norfolk.
name
of a
The com-
Dry Goods
Gen'l mer'dlee
1901.
1902.
For vault.
Louisville.
1900.
81,912,708
8,290,089
82,572,861
8,685,575
1899.
91,639,456
6,673,941
81,928,590
8,496,440
811,258,486 •10,202,797
88,313,397 810,426,030
pany has a paid up capital of $250,000, and will open in
Since Jan. 1.
$101. 946,064 $86,053,348 $95,381,964 $84,055,166
January of the coming year, in offices at the corner of Main Dry Goods
359,217,782 333,516,051 330,214,750
Gten'l mer'dise 350,890,688
and Commerce Streets. These offices will be retained until
the completion of a new building to be erected by the insti- total 42 weeks 1452,841,752 8445,271,130 8428,898,015 8414,269,916
tution, when it will locate on the ground floor of the same.
The following is a statement of the exports (exclusive of
M. W. Moss, President, (who resigned a ipeoie) from the port of New York to foreign ports for the
The officials are Mr.
ending Oct. 20, and from January 1 to date.
week or two ago as Cashier of the First National Bank of week
BXPOBTB FBOH. HSW YORK FOR THE WSBK.
Media, Pa ) W. D. Pender, Vice-President and Attorney,
and George W. Twohy, Secretary and Treasurer. The list of
1902.
1901.
1900.
1899.
directors includes Mr. L. E. Johnson, Vice-President and
89,654,939 $10,626,149 $13,716,125
For the week., 810,170.455
General Manager of the Norfolk & Western Railroad James ttrev. reported 375,333,737 402,630,726 426,005,082 363,438,280
N. Barr, Vice-President and General Manager of the Sea- Total 42 weeks 8885,504.192 8412,285,665 8486,631.231 8377,154,405
board Air Line J. W. Perry, Vice-President of the Citizen's
The following table shows the exports and imports of
National Bank of Norfolk W. Lane Verlenden, President of specie at the port of New York for the week ending Oct. 18
Edward S. Perot, and since Jan. 1, 1903, and for the corresponding periods in
the First National Bank, of Darby, Pa.
J. 1901 and 1900.
President of the National Conduit & Cable Company
BXPOBTl AMD IMPORTS OF PBOIB AT NBW YORK.
Frank Black, President of the Chester National Bank, of
Mxportt.
Import*.
Chester, Pa., and others equally prominent.
;
;
;
;
;
;
Gold.
—Still another trust
The
company
Mortgage Loan
is
& Trust
announced for Chicago.
the
name
reported as
for the institution. F. H. McKinney, Manager of the
chosen
Co., is the chief promoter.
loan department of H. O. Stone
First
is
&
—Mr. W.
F. Botsford, President of the California
Bank
of
one of the incorporators of a new
Los Angeles,
million dollar bank now forming in that city. The application to organize the same under the name of the American
National Bank was approved on Oct. 6 by the comptroller.
Cal., is
—Mr. H. S. Miller has become Vice-President of the Western National Bank of San Francisco, Cal., and F. L. Holland
Assistant Cashier. Mr. Miller succeeds Mr. E. F. Preston.
the Territorial Trust & Surety Company of
Muskogee, I. T., has been changed to the Territorial Trust
Company and the capital increased from $100,000 to $250,000.
Mr. Andrew W. Robb is the President; H. G. Baker, VicePresident and Secretary, and W. E. Rowsey, Treasurer.
—The name of
BnfflUh. Financial
Week.
Great Britain
France
Week.
BineeJan.l.
$184,625
18,774,514
4,921,099
614,131
50,776
1,375,294
103,046
$228,726
$26,023,485
$210,500 29,431,676
149,280 47,419,119
$476,850
43,165
493,729
Germany
West Indies
Mexloo
South America
111
SinaJan.l
other countries
82,415,983
437.550
204,393
447,743
12.4651
421,379
75
22,306
28,095
942,240
2,596
163,533
(
Total 1902.
Total 1901.
Total 1900.
$4,850,734
4,039,307
2,271,773
Importt.
Export*.
filter
Week.
Great Britain
France
8inceJan.\
Since/an.l.
Week.
$661,070 $25,732,429
598,485
Germans
$2,997
1,594
1,000
160,757
52,661
284,977
7,212
$8,548
4,635
$671,312 $26,837,471
611,045 88,654,245
1,243.691 41,742.840
88,183
64,954
33.212
West Indies.
dl
Mexloo
Bonth Amerioa
2,242
"8,000
All other countries.
Total 1902
Total 1901
Total 1900
67,i*74
458,345
431,299
18,970
8980,379
3,014,966
3,795.882
Of the above imports for the week in 1902, $41,651 were
American gold coin and $3,435 American silver ooin.
markets— Par Cable.
The daily closing quotations for securities, etc., at London
by oable as follows for the week ending Oct. 24:
DIVIDENDS.
are reported
LONDON.
Silver, per
Tutt.
Wed.
Thurt.
ounoe
d.
Consols. , new. 2 % p cts.
•
For account
23& 16
93l 16
933,6
233g
938,6
236 16
235,6
933,,
235,6
93k
933,a
235,6
933,6
935 ia
93k
IV oh rentes (In Paris) ft. 0O-17k 10000 99-92k 9990
86**
Spanish 4s
87
85%
85k
Anaconda Mining
5
5k
5k
5k
9314
A.tch. Top. & Santa Fe.. 92'8
92k
91k
103k
113k
96%
Preferred....
Baltimore
A
Ohio
Preferred...
Canadian Pacific....... 141
54'e
Chesapeake & Ohio
Ohloa. Great Western.. 82*4
Ohio.
Den.
Do
MIL & St. Paul... 198k
& Rio Or., com.... 46k
do Preferred.
94ia
40»8
104
113k
96%
1421s
54k
32
198
46k
94%
400*
common ..........
70
70
1st preferred
55
3d preferred
54k
Illinois Central
156k 156
Louisville & Nashville.. 144ia
143k
Mexioan Central
26%
27
31l>8
3178
Mo. Kan. & Tex., com..
Preferred
64%^ 64k
National RR. of Mex... SO
20
Preferred
40 k
40 k
BT. Y. Oent'l & Hudson.. 162k
162k
3538
BT. T. Ontario & West'n
35
8038
81%
Norfolk & Western
Brie,
Do
do
Pennsylvania
pref.
-Phila. 4 Read
•Phila. & Read., 1st pref.
Ready2d pref.
•Phila.
Southern Pacific
&
pref..
Wabash
Do
Do
*
preferred.
Deb. "B"
Price per share.
53%
81%
197k
46
94 k
39'e
69%
54k
155k
143
26%
31
64k
19k
40k
161k
34?8
31k
195k
45 k
94%
39k
693s
54
153
142
26k
30%
63 k
19 k
41
160
34k
45
45
45
39%
84
3478
45
39%
74k
38%
96%
39k
73%
38k
96k
85k
85
109k
do
141
35%
94%
Union Pacific
Do
96%
103%
111k
96%
139%
52%
35^8
95
Preferred...
Preferred
D. 8. Steel Corp., com..
103%
113k
80%
94%
84%
36k
75^8
3968
98ia
South'n Railway, com..
93ia
41's
x91%
76
89
98k
109%
93%
42 k
91%
36
36
51%
51k
85k
851*
Name
Jtri.
Bat.
108 «b
93%
42
91%
35%
51k
85
7958
94%
107 k
94k
410s
9lk
84k
50^8
84k
98k
933,6
93k
9965 99-52k
853a
5
91%
85 k
5
91k
103 k
103k
1123a
11188
96%
96k
140k
140k
53k
31%
196k
52k
45 k
31
196k
70k
45
94
40 k
70
54
153 k
152?8
94%
40 k
142k
26%
31
54k
142k
26k
30k
63%
63 k
19 »8
19k
40k
40 >s
160k
160
341%
84k
79k
94k
84k
79
85
45
39%
74
38%
96k
108k
94
41 Sj)
9ik
34k
50%
84k
94k
84
35
45%
39%
73%
38k
96k
107%
93k
41k
90%
34k
50k
83k
Company.
of
Per
When
Cent Payable
Books Closed.
(Days Inclusive.)
Railroads (Steam).
Atlantic Coast Line, pref
Central RR. of N. J. (quar.)
Ga. South. & Florida, 1st pref
do
do
do
2d pref
Northern Pacific (quar.)
Street Railways.
Amherst (Mass.) <fe Sunderland
Coney Island & Brooklyn (quar.)
Nassau Elec. RR., Brooklyn, pref
Presidio
&
Ferries,
Tusoarawas Trac,
Twin
2ia
2
Nov
Nov
New
Astor National (quar.)
Lincoln National (quar.)
do
do
(extra)
National City
r
N. Y. Nat. Exchange (quar.)
Paoifio (quar.)
1
Oct 26
4
lia
Nov
Nov
2
Oct
4
Nov
Nov
4
%
Oct
Nov
2
Nov
Ik Nov
li*
4
5
Germania
Greenwich
Nov
2
Phila., O. (qu.)
Banks.
American Exchange National
1
4 Oct 29
San Fran, (mthly.) 10c Oct
City R. T., Minneap.. com. (qu.).
Union St., New Bedford, Mass. (quar.)
West Chicago St.. guar, (quar.)
10
2^ Nov
10
3
3
6
3
2
2
Nov
Nov
Nov
Nov
Nov
Nov
Nov
Nov
Nov
1
Oct 29
Oct 26
to
to
to
to
to
Nov 10
Not 2
Nov 3
Nov 3
Nov 2
to
to
Nov 2
Nov 14
to
to
Nov 16
22
1
Oct 26
15 Nov 7
16
23 Oct 16
15 Nov 4
Oct 22
1
16
1
Nov
6
to
Holders of rec. Oct 24
1
1
1
1
1
1
1
1
Oct 21
Oct 22
Holders
Holders
Oct 22
Oct 22
Oct 22
to
to
of reo.
of reo.
to
to
to
Nov 6
Oct 31
Oct 31*
Oct 31*
Oct 31
Oct 31
Oct 31
Trust Companies.
Farmers' Loan & Trust (quar.)
Hamilton, Brooklyn (quar.)
Kings County, Brooklyn (quar.)
10
2
2>a
Nov
Not
Nov
Oct 19
Oct 26
Oct 26
to
to
to
Nov 2
1
1
Oct 26
to
Nov 2
Nov 16
Nov 4
1
MUcellaneou*.
Allis-Chalmers, prel. (quar.)
American District Telegraph
American Soda Fountain, 1st pref
Canton Company
Casein Company, pref. (quar.)
Chicago Edison (quar.)
Claflln(H. B.), 1st pref. (quar.)
do
do
2d pref. (quar.)
Hudson River Telephone (quar.)
Munioipal Gas, Albany, N. Y. (quar.).
New
England Telep.
&
Teleg. (quar.).
Pressed Steel Car, com. (quar.)
do
do
do pref. (quar.)
Procter & Gamble, com. (quar.)
Shelby Iron
Syraouse Lighting, pref. (quar.)
United Copper, pref
Weatlngh. El. & Mfg., asstg. stk. (qu.)
Transfer books not closed.
1% Nov
Nov
1
Nov
6
$1 Nov
Nov
2
Nov
2
Ik Nov
Ik Nov
l>a Nov
2»u
Nov
Ik Nov
Nov
1
1% Nov
Nov
3
6
|Nov
3
Nov
Nov
lkNov
1*4
to
15 Nov 4
11 Holders of reo.
3
10
Nov
1
Oct 25
1 Oct 24
1 Oct 24
1 Oct 21
1 Oct 26
16 Holders
26 Nov 6
19 Oct ,30
15 Nov 1
15 Nov 6
1 Oct 26
1 Oct 26
15 Nov 2
1
to
to
to
to
to
to
of reo.
to
to
to
to
to
to
to
Oct 31
Oct 31
Nov
Oot 31
Nov 2
Nov 2
Nov 1
Nov 1
Oct 31
Nov 25
Nov 18
Nov 16
Not 16
Nov 2
Oct 31
Nov 16
.
•
.
.
THE CHRONICLE.
888
City Clearing House Banks. -Statement of
condition for the week ending Oct. 18, based on average of
daily results.
We omit two ciphers COO J in all eases.
New York
Re-
BANKS.
$
Legale.
Specie.
s
S
3,000,0
Manhattan Co.. 3,050,0
Merchants'
3,000.0
Mechanics' ..... 3,000.0
.America..... ... 1,500,0
1,000,0
Fhenlx
Olty
26,000,0
Chemical
800.0
600,0
Merchants' Ex..
1,000,0
Oallatln
800,0
Butoh.4 Drov's
400.0
Mech.A Traders
200.0
fitreenwloh
600,0
Leather M'f'rs..
Seventh Nation' 1 1,700,0
American Exoh 5,000,0
Commerce
10,000,0
1,000,0
Broadway
Mercantile
1,000,0
423,7
Pacific
450,0
Chatham
300,0
People's
3,000,0
North America
8,000,0
Hanover
1,000,0
Irving ..........
1,550,0
Citizens'
500,0
Nassau
900,0
Market* Fulton
1,000,0
Shoe Leather.
Corn Exchange. 2,000,0
800,0
Oriental
Imp't'rs'* Trad 1,500,0
3,000.0
Park
250.0
East River
8,000.0
Fourth
1,000,0
Central
800,0
Beoond
10,000,0
First
500,0
N.Y.NaflKxch,
Bowerj
N. Y. County....
aermanAmeri..
Chase.............
Firth Avenue...
Qerman Exoh...
Qennanla...
Linooln
Sarfleld
Filth
Bank of Metrop.
Side...
seaboard
Western
1 at Nat.. B'klyn.
Liberty
N. Y. Prod. Ex
,
New Amsterdam
Astor
United States..
P.O.
S
3,269,1
3,284,2
1,236,6
2,662,4
8.276,7
Total
...100672.7 1176878 865,450,8 1641120 B1,Vn,T
United States deposits included $.9,990,01.0
t863,125,8
26 6
Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Oct. 18, based on averages of the daily result
We omit two ciphers C00 J in all cases.
Oepoeit.toitl.
BANKS.
Cart
S'ur-
Loam A
Les.
100s omitted.)
tal.
•lw.
Invett- Specie.
AB'k.
Olear'g
mtntt.
Notei
Agent. BkeJa
1
Otlw
Net
Uepoeiti
81W YORK
OITT.
Borough of
Manhattan,
f
100,0
800,0
Columbia
Fourteenth Street. 100,0
300,0
Gtansevoort
300,0
Hamilton
Mount Morris ..... 360,0
300,0
Mutual
Nineteenth Ward. 300,0
100,0
Plaaa
100,0
Riverside
100,0
State
200,0
Twelfth Ward
Twenty-third W'd. 100,0
100,0
Yorkville
100,0
Washington
Fidelity ...... ...... 300,0
100,0
Tariok
300,0
Jeferson
••••
Colonial
46.B
108,6
60,8
82,0
66.7
103,8
218,4
10^,0
Wash'rtonHelghts 100,0
Dal ted National... 1000,0
Boro'h of Brooklyn
160,0 187,2
Bedford
100,0 201,2
Broadway
800,0 166,4
Brooklyn
17,7
100,0
Eighth Ward.
82,7
100,0
Fifth Avenue
253,0 488,6
Manufaot'rs' Nat'l.
600,0 361,9
Mechanics
86,9
100,0
Merchants'
800,0 681,6
Nassau National
800,0 689,7
National City....
100,0 156,6
North Side
100,0 144,1
Peoples
L
Seventeenth Ward 100,0 76.8
Bprague National. 300,0 357,0
69.8
100,0
Twenty -sixth
300,0 180,1
Union
65.7
loo.o
Wallabout
Century...
,
,
,
Wd
,
Borough of
Richmond.
Bank of Staten
I si
1st Nat., 8ta ten I si
Totals Oct.
Totals Oct.
Totals Oct.
18.
11.
4.
»
790.1
639.4
722,8
1861,8
260,0
462.2
12,0
11.2
2.9
6,6
8,6
7.0
2880.9 223,0
1628.8
1789,6
1898,1
6 'S
824,0
86.7
804,8
8128,4 829,1
4148.6 322,6
0.4
900.4
4081.0 196.0
8073,0 129,0
929,7
10.7
1374,6
86,7
689.6
10,6
1189.8 104, r
808,0
11.6
1264.8
41,0
866.0
36,?
16,4
16,4
85.1
36,0
100.0
76,1
100,3
570,3
759,8
14.6
41,9
400,0
360,0
360,0
300,0
110,0
136,0
996,8 4945.6
618,3 3819,0
804,6 1167,t
359.8 1088,i
498.6 1170,0
130.6 1039,9
248,8
Other Oitie*.
1st Nat., Jer. City.
J.O.
3d Nat., Jer. City
id Nat., Jer. City1st Nat., Hoboken
2d Nat., Hoboken.
Hud. Co. Nat.,
t
61.2
3183,2
8869,0 336.0
78.4
1714.6
43.7
1683.4
1869,9 116,0
3881.6 186,0
85,8
2181,8
47.0
1857,8
86,0
2890,0
17.8
1021.0
6898,0 859.0
40,0
74,7 1680.0
48.6
81.1 1373.0
88.8
261,6 1880.7
170,2
268,7
96,2
49,6
107.7
94,6
177,4
176,9
327,5
102,3
869,6
70.6
70.6
46,8
108,2
18,6
i
«
I
148,0
112,0
69,6
114,1
98.8
90,2
169,8
135,8
316,0
70,0
179,0
178.0
138,6
168,1
48.1
156.8
186.0
184,7
164,2
109,0
186,9
98,8
371.7
186,0
72,6
149,0
130,0
109,7
88.8
39,8
61.7
84,0
97.4
22,8
89.4
34,9
3860,0
8401,0
1890.5
67,"f
1885,8
6,0 1991,3
08.8 3864.2
2117.6
1872,4
"a.'e
8076,5
1085.7
343,0 6900,0
3088,0
1498,4
1.8 1840,0
770,7
18.8
608.9
788.8
44,8
1836,7
I
148.0
836.3
1364,9
126,6
1873,6
1857.4
78.3
14146
24.8
82.C
28,6
186,1
118,6
180,1
60,7
68,9
897,9
164.7
70.8
500,0
388,0
46,2
78,7
80,4
184,1
97,0
69,8
43,0
28.5
10,0
86,1
141,6
0,0
278,8 1886.7
82,1
118.0
15,4 285.7
61,0 389,9
16,0 157,6
20,8
67,8
332.)
88.1
62,6
61.1
10,0
13,1
64,1
102,4
173,6
48.8
86,1
37,6
103,1
269.1
67,2
820.0
263,0
61,8
94,6
44.6
2,f
%
150,0
8.C
868.0
717.8
8680.7
30,0 4518.1
948.7
37,*6 4481,0
49.0 8196,0
861.7
44,6
46.4 1269.2
49,'.'
669,8
87.t 1021,2
b.'i
647.7
2,8
1.7
117,8 1,246.8
89,5
889,9
47.1
10,1
13,1
11.4
26,5
617.6
764,2
6418.8
1831.3
1085,1
1179.9
1908,0
1040.7
8612,0 9498,8 79037.8 3489,8 4382,0 7808,4 !696.r 83086.8
8612,0 9498,8 79286,9 8677,9 4514,1 8084,2 1914,4 84868,3
8612,0 9488,8 79636,6 3898,9 4008,8 7600,3 3663,8 88261,1
[Vol.
LXXV.
New York City, Boston & Philadelphia Banks.—Below
we furnish a summary of the weekly returns of the Clearing
Bouse Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nonmember
Ueyoeite eerve
1,456,0 15,114,0 25-1
1,901,0 23,858,0 26-4
1,539,7 12,764,1 267
1,801,0 11.984,0 23-6
2,890.? 30.841.8 27*9
4.927,0 25'2
276,0
6,937.3 108,917,8 301
3,234,1 22,689.8 26-8
488.9
6,860,2 24-7
709,7
6,086,0 269
44,2
2,038,4 22-3
288,0
8,680,0 18-0
164,6
1,092,7 24'5
179,4
4,555,4 272
252,8
6,704,0 287
1,708,0 21,628,0 34'5
4,734.1 67,096,4 25'4
148.6
5,861,1 22-1
1,285,1 13,783,6 244
462,6
8,745,0 20-3
789,2
6,648,9 252
825.8
2,676,4 199
1,109,4 12.885,9 245
6.049,4 60,911,1 266
505.8
4,674,0 230
868,f
8,168,6 24*5
309.C
8,083.9 209
6.162,2 220
710.4
4.712,8 24-8
227.4
8,289.0 36,827,0 26-0
1,803,0 35-3
424,0
1,246,0 19.195,0 24-9
3,306.0 59.681,0 264
200,0
1,387.2 35-1
19.766,5 37-8
2,425,1
878,0 11,904,0 21-9
1,192,0 10,587,0 267
2,880,8 64.778,1 216
4,899,8 21-9
884.0
8,071.0 18-8
206,0
880.6
4.907,8 232
8,708,0 23-0
210.8
3.134.6 45,821,0 281
146,8
9,974,7 261
8,150,8 208
607.1
642.6
4,651.2 227
1,648,8 11,268.1 28 2
862,6
7,508,7 24-7
169.1
3,646,6 27-7
445,9
8,888,4 26-3
888,0
8,247,0 23-4
1.811,0 18.009,0 26-6
8,165,t 44,662,8 27 2
624,0
4,478,0 234
7,185,4 23-6
825,0
4,184,6 26-7
800.3
8.117,8 23'0
443,1
4,060,0 22-3
146.0
68,'(
8.741,8 22-6
16,666,0 2,845,0
30,794,0 4,317,0
11,488.6 1,740,0
12,486,0 1,639,0
18,696,9 8,141,9
970,0
287,0
6.027,0
16,388,1 118,081.6 26,407.4
7,240,7 23.969,8 8.801.8
886.9
286.4
5.182,1
915,3
2,147,8
8,173,8
409,9
1,700,4
86,8
845.0
171,1
8.495,0
108,7
197,7
1,224,9
626,1
4.682.7 1,062,9
6,662,9 1,888,6
161.0
8.676,1 29,110,0 8,697.0
69,507,6 9,823,8
7,484,1
6,986.6 1,148,9
1,898,7
1,429,3 13,380.9 2,080.6
801,8
3,061,0
560,8
629.8
6.681,1
1,084,4
208.1
2,172.1
868,6
1,977,8 14,371.4 2,060.8
5,908,8 46.587,6 7.088.7
688.1
5,692.0
1,000,1
5,645.8 1,148,2
601,8
888,7
804.1
2,629,9
640.2
6,140,7
1,049.1
948,0
4.171.9
271,6
8,176,0 38,874,0 8,465.0
213,0
1,788,0
407,3
6.277,6 23.089,0 8,550,0
4,511.4 48,651,0 12,675,0
125,8
1,133,8
151,2
3,710.4 18.178,6 3.048,0
9.676.0 1,732.0
577.7
9.671,0 1,635,0
1,206,6
12,219.9 76,179.8 11,638.4
682,2
5,177.8
369,0
876.0
2.768.0
776.6
350,0
761,3
4.087,8
606.4
200,0
648.8
8.796,1
481,9
760,0
39.066.3 9,848.3
1,000,0 8,262,7
9.016,6 2.457,7
100,0 1,670,9
145.0
3,675.6
626,6
300,0
412.6
8.146,4
866,5
200,0
10,349,8 1.069,1
800,0 1,196.5
7,451.0 1,488,8
1,000,0 1.282,0
563.7
3,899,2
896,9
200,0
8,043.1 1.768,8
1.000.0 1.277,0
8.008,0
876.0
470.7
200,0
500,0 1,167,5 11,222.0 2,169.0
3,100.0 3,128,0 38,231.2 9.004,4
616.0
4,386.0
650,6
800,0
892,3
7.374,6 1,862,3
500,0
4,281,0
815,7
470.3
1,000,0
7,373,* 1,414.1
670.7
600,0
4,236,0
780,0
478,2
350,0
4,248.1
779,8
461,1
600.0
A
t
Loan*.
Capital. Burpiut
Bank of N. T...
West
,
banks.
Bakks.
Capital £
8urplue.
Loane.
Specie.
Legal*.
M. Y.»
$
9
$
1510808
1512699
1523382
1641120
$
%
$
70,885,6
68,698,8
67,374.8
67,277,7
S-8,518,1
372,176,0
872,840,6
363,125,8
35,077,8
35,660,9
86,072,6
87,856,1
Bept. 27. 218,840,6 874,181,8
Oct.
4. 218,840,6 372,808,7
"
11. 218,840,6 874,647.9
"
18. 218.310,6 865,450,8
DepoHU.i Oirc'Vn. Clearing*.
f
17482868
17705044
17023934
17211648
Boa.*
Oct.
s
"
18.
* tfiolndiiiff tr>r
5.880,0 140.843,7
6,886,0 147,188,1
5,886,0 142.482,1
213,588,0
209,541,0
209.198,0
8,762,0 120,820,8
8,852,0 114,180,5
9,052,0 125.008,0
40,468,0
47,557,0
48,624,0
44,784,0 187.273,0
44,764,0 185,909,0
44.764.0 184.192.0
We omit Uoo ciphere in all these
*
5.763.0 208,306,0
6.687.0 208,946.0
6,081,0 218,326,0
52,322,0 188.661,0 16,846.0
62,322,0 189,810.0 14,884,0
62,322,0 191,393,0 16,888,0
4.
11.
"
18.
Phlla."
Oct.
4.
"
11.
figure*.
Ronton «nd Pnll»delom» the Ito"" "dii<'n «th«» hanr»," and
also Government deposits
For Boston these Government deposits amounted
on Oct. 18 to $5,092,000 on Oct. 11 to $4,941,000 on Oct. 4 to $4,791,000.
;
;
National Banks.—The following information regarding
is from the Treasury Department.
national banks
CHANGE OF TITLE AND LOCATION.
2,04.5— Certificate lssned approving change of title of The German
National Bank of the City of Newark, New Jersey, to the
Union National Bank of Newark.
4,567— Certificate Issued July 1, approving ehanjre of title of The
H-lde & Leather National Bank of New York, New York, to
The National Bank of the United States In New York.
1,455— Certificate Issued July 14, approving change of title of The
National Bank of South Reading, Wakefield, Massachusetts,
to The Wakefield National Bank.
5,253— Certificate Issued approving change of title of The Monessen
National Bank, Monessen, Pennsylvania, to The First
National Bank of Monessen.
1,180— Certificate issued September 16,1902, approving ohange of
title of The Great Falls National Bank of Somersworth, New
Hampshire, to The First National Bank of Somersworth.
—
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction
By Messrs. Adrian H. Muller 6% Son:
Stocks
Stocks
62 Little
Schuylkill RR.
Nav. & Coal Co
115
12 So. New Eng. Teleph. Co.lSOis
50 Bonne Terre Farming &
Cattle Co, $10 eaoh..$2 p. sh.
16 Runnymede Ranch Co.,
$35 per share
40 West Shore Ry. Co. of
New Haven
.125 18
150 Hampsh. Paper Co
110
Repeating
10 Winchester
Arms Co.
1150
38 Seoond Nat Bank of New
Haven
lot
lot
lot
lot
lot
&
302%
5 Nat. City Bank....
10 Nat. Bank of Commeroe.333^
37
<Jt
29
$3,000 Meriden Horse RR. of
Conn. 6s. 1924
116%
$1,000 New London Gae &
Eleotrlo Co. 5s, 1929
101%
$200 Meadow Golf Club of L.
I. Incomes, 1946
$90
$200 Shlnneoook Hills Golf
Club of L. I. inoomes,1993.$95
$59,000 Bankers' & Merch'ts*
Teleg. Co. gen. M. certs.. $25 lot
$8,000 Ballston Term'l RR.
Co. Ps, 1931
$190 lot
$100 The Securities Co. 4
58*4
$1,000 Standard Gas-Light
117
Co. of N. Y. 1st 5s
and
Jftuauctal.
&
...
PINE STREET,
p. o.
oonsols
Trask
BANKERS,
Spencer
279
Bonds.
Brlgantine RR.
Saufeitig
191
lot
$2
&
5 Central Nat. Bank
623 Atlantlo Trust Co
lot
pref
$11 lot
Phlla.
Brig. RR. oom..$7 lot
10,100 " Yankee Girl " sliver
mines, £1 eaoh
$6 lot
10 N. Y. Mort. & Seo'rltj Co.130
24
1 Bank of Amerloa
566
20 Merohants' Tr. Co.SbSVSSS 1*
176
9 American Surety Co
20 Corn Exchange Bank
429
lot
55 Workman's Stand. Book
Co
2 Central Realty Bond &
Trust Co
765
10 Commero'l Un. Teleg.Co.113
100 Nat. Bank of No. Amer.. 247*3
10 Hanover Nat. Bank.
650
600 The Pearson Publishing
Co
$1,250 lot
S^ Bank of the Metropolis. 551
1 N. Y. Law Institute .. .$130
63 Internal. Banking Corp. 200
1750
3 U. S. Trust Co
200*4
200 Riohmond & W. P. Term.
Ry. <fe Wareh. Co
81
2,000 El Orlsto Gold & Sllv.
Mining Co., $2 each
$1
250 State Line Gold Mining
Co. No. 3, $25 each ....$1
250 State Line Gold Mining
Co. No. 2, $25 each ....$1
50 Little Pittsburg Oonsol.
Mining Co
$2
100 Central Ariz. Mining Co.,
$10 each
$2
300 Bankers' & Merchants'
Telegraph Co
$3
24 Phlla.
Nat Bank'.
790
36 B'klyn Wareh.A Stor.Co.lOOH
5 First
Co.,
NEW VOBl
-
Transact a general nankin* business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIESMembers N. T. Stock Exchange.
Branoh
Moffat
New
&
Offloe,
86 State
St..
Albany
White,
Yerk Stoek Exchange.
1 NASSAU STREET, CORNER WALL.
Dealers In Investment Securities.
{Member*
Tel. 6820-6881 Cortlandt.
Tracy
No.
0H1CAS0.
&
40 Wall
Telephone Stoeka a Specialty.
Co., Bankers,
street,
RBW YORK.
Connected by prlfate wire.
MILWAUKEE.
Dealers In High Grade Bonds.
Investment
Lift of Ourrent Invettm
I
Exchan
New York Stock Exchange.
Sew
Members { ohioano Stook Exchange
Of fringe
eent on Application.
Oenealaelen Orders
Execated la
all
Market*
October
THE CHRONICLE.
25, 1902.]
mikmf
For Dividends
see
page
889
weak, showing a decline of over 2 points. Union Pacific
4s, Southern Pacific 4s, Green Bay & Western
debenture certificates and Mexican Central issues also had
a tendency to weakness. Atchison, Central of Georgia and
Colorado & Southern issues, on the other hand, were rela-
©alette.
convertible
S87.
tively strong.
WALL. STKKKT. FRIDAY, OCT. 24. 1903.-5 f. 91.
United States Bonds. — Sales of Government bonds at
The Money Market aiid Financial Situation.— Further
the Board are limited to $14,500 3s, coup., at 108% to 109,
progress has been made this week in the matter of supplyand $1,000 4s, reg., 1907, at 111. The following are closing
ing the demand for anthracite coal and also in affording quotations for yearly range see third page following.
relief to the local money market; but these developments,
;
favorable and important as they are, have not produced increased activity or an advance in prices at the Stock Exchange.
On the contrary, the volume of business has been smaller
than for some time past, and the prevailing tendency of
prices is downward. In explanation of this it is reported
that commission-house business is exceptionally limited,
which is another way of saying that the public is out of the
market.
Moreover, there seems to be a disposition to wait for more
mature results of recent Goverement bond purchases in the
money market. The latter has been relieved to the extent
of over §20,000,000 by such purchases and at the moment is
easy.
The foreign exchange market has attracted attention on
account of the high rates recorded. These foreshadowed,
it was thought, gold exports in the near future, but a substantial declne in rates since Thursday morning precludes
Interest
2s,
2s,
2s,
registered
1930
coupon
1930
1930 .sma-Lregistered
coupon
1930 .small
2s,
registered
8s, 1918...
coupon
3s, 1918
Ss, 1918, small.reglstered
ooupon
8s, 1918. small
registered
4s, 1907
ooupon
4s, 1907
registered
4s, 1926
ooupon
4s, 1925
registered
6s, 1904
ooupon
6s. 1904
•This
Is
Oct.
Oct.
Oct.
Oct.
Get.
Oct.
Periods.
18
20
21
22
23
24
Q— Jan
Q—Jan
*109 3
q—
Q— Feb
Q— Feb
Q— Feb
Q—Jan
Q—Jan
Q— Feb
Q— Feb
Q—Feb
Q— Feb
ir"e\>
4 *109»4 *109»4 10934
*109'4 *109»4 *109*4 no9»4
*i'07'4 *i'07»4 *i07»4
*108>» -108>»
......
....
*107»4
111
*111
*136»4
*13734
*107»4
109
mo nio
mo
nio
*ibwi ibis" no's"
nos^a no8»4 no8»4
.....
.
m
mm
no7'4 no7'4 no7»4 no7»4
*m mi mi
mi nil nn nn
136»4 n36 *136
*111
s
4
s
4
nil
nil
136S nsei*
*137»4 ns7»4 ns7»« *137»a *137ia
*104 l4 *104!4 no4»4 no4>4 *1044 n04!<
*105»» "105 1* nos^ no5>9 •lOS^ *105»a
the price bid at the morning board: no sale was made.
Railroad and Miscellaneous Stocks.— The stock market
has been dull and weak but otherwise generally featureless.
The volume of business diminished day by day, and for the
week has been the smallest since the inactive mid-summer
period.
The tendency of prices, notably for railway shares, has been
downward, and a considerable list of important issues, includ
ing New York Central, Pennsylvania, Reading, Chesapeake &
Ohio, Norfolk & Western, Illinois Central, St. Paul, North
the possibility of an outflow of gold at present.
The open market rates tor call loans on the Stock Exchange West., Union Pacific, Southern Pacific, Atchison and Misduring the week on Ptock and bond collaterals have ranged souri Pacific, has declined from 2 to over 4 points. Baltifrom 2^i to §¥ per cent. To-day's rates on call were 2% to 5 more & Ohio has been the prominent feature of the market.
2
After fluctuating over a range of 4 points it closes with a net
per cent. Prime commercial paper nominally 6 per cent.
"
The Bank of England weekly statement; on Thursday loss of 1%. The Soo Line" issues were also irregular.
Anthracite coal stocks have been neglected and generally
showed a decrease in bullion of £62,350, and the percentage of reserve to liabilities was 45*71, against 45*77 last week, weak, notwithstanding the prospects of largely increased
the discount rate lemaining unchanged at 4 per cent.
The traffic. Metropolitan Street Railway declined nearly 4 points
Bank of France shows a decrease of 25,000 francs in gold and rallied feebly.
The miscellaneous list has been decidedly irregular. Interand an increase of 3.450.000 francs in silver.
The New York City Clearing-House banks in their state- national Power advanced over 10 points and has held nearly
ment of O t, 18 showed an ii crease in the reserve held of all the gain. Smelting & Refining, Colorado Fuel & Iron
have been strong, while
$1,777,200, and a surplus over the required reserve of and Sloss-Sheffield Steel & Iron
other steel and iron issues, the copper stocks, General Elec$5,608,250, against $1,537,350 the previous week.
tric and American Sugar Refining have been weak.
Differences
1U02
1V01
moo
For daily voivme of business see page 898.
from
•
Oct.
18
$
$
Capital
Surplus
Loans &
Specie
100.672,700
117.667.900
discounts
865,460.800
37,866,100
f863.125.800
164,112.000
67,277,700
19
Oct.
previous week
Oct.
$
$
81,722,700
98,843,700
Deo 9,197,100
Ino
Ino
Ino
74,222,700
90,109 900
797,849,200
30,431,300
84G,4S2,800
874,939200
1,783,600
31,376,700
945,114,100
181,941,900
69,802.400
Deo 9,214,800
1,778,800
3,400
30
166654,200
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
Beaerreheld
p. o. of deposits
221,389,700 Ino
216,781,450 Dec
1,777,200
2,308,700
251,744.300
236,278,525
Surplus reserve
5.608,250 Ino
4,080,900
15.465,775
15
214,555,900
211,608,200
2,947,70
United States deposits included $39,960,000, against $40,633,400 last
week. With these United States deposits eliminated, the surplus reserve
would be $15,598,250 on Oot. 18 and $11,685,700 on Oct. 11.
XSTotk.— Returns of separate banks appear on page 888.
*
—
Foreign Exchange. The foreign exchange market was
firm and rates advanced during the early part of the week,
but is easier towards the close on a more limited demand
and somewhat better supply of bills.
To-day's actual rates of exchange were as follows: Bank-
day sterling, 4 8325@4 8340; demand, 46650@48560;
cables, 4 8690@4 87; prime commercial, sixty days, 4 82.%
@4 83; documentary commercial, sixtv days, 4 82^@4 83^;
grain for payment, 4 83@4 83^; cotton for payment, 4 82^
@4 82%; cotton for acceptance, 4 82%<34 83.
Posted rates of leading bankers follow:
ers' sixty
October 24
Sixty
Demand
Days
Prime bankers' sterling bills on London.
4 841a
Prime oommeroial
4 82»8 ®4 83
Documentary oommeroial
82*2 ®4 83i8
4
Paris bankers' (Franos)
Amsterdam
Frankfort or Bremen
*
Less
>ie.
6 19»»
39T„
(relohm'ks) bankers
94^18
(guilders) bankers
t
Less
» 8a-
t
®6
®
@
18»4 *
89i5ie
94°b
Less Hz-
4
87^
616m
1ti516Ut
96*8
40*8
-» 853i8i
40 18*
®
Ending
Oct 24
Bait.
&
O.
&
Ohio rights
subsenp. rects
Bangs. for Week
100
109738
78 >uOct23
2*800123
78^0ct 23
3380ct 18
78JaOct
1 Oct
91 J'ly
3*8001
,
50 per cent paid
1,000 108 38 Oct 24
Butterick Co
200 SO^Oct 18
Canadian Pac subs 3d pd 200 137 Oot 21
Commercial Cable
100 180 Oot 22
Distil of Amer., pref
100 45 Oct 20
General Chemical
110 64 Oct 18
Homestake Mining
94 60>4Oct 21
Illinois Central rights... 47,643
9>aOct 22
Maryland Coal preferred 100 99»4 Oct 21
Ontario Silver Mining...
S^Oct 22
100
Southern, stamped
2,000 37S Oct 21
Preferred, stamped
3,570 Z9334 Oct 21
Vulcan Detinning
Preferred
Range Since Jan. 2
Week
Amer Agricul Chem.pref
B.
67,901,700
Sales
for
STOCKS
TTeefc
700
1.200
108^Oct 24 108 38 Oct lOS'aOct
51 Oct 24
41 J'ne 63 Sep
138J8Oct20 132 Oct 1443886?
180 Oct 22 150 Mar 180 Oct
45 Oct 20 33 Jan 45 Oct
64 Oct 18 63Wly 67>sMay
60>4Oct 100 Wan
64 Oct 21
834 Oct
lOVJct IS
123sSep
99^ Oct 21 72 Apr 100 Sep
758 Mar
8»8 Oct 22
9 Wan
38sOct 18
Oct 18
97
32^Oct20 33 Oct 24
79>sOct 18
Oct 24
81
353gOct
9334 Oct
31*80ct
78»aOct
38<feOct
97
33
81
Oct
Oct
Oct
—
Outside Market. Comparatively little strength has been
displayed in this week's curb market, and with the exception of the railroad and copper groups, narrow limits and
irregularity in quotations have prevailed. Of the firstnamed group, Manhattan Transit led in point of activity,
upward of 50,000 shares changing hands at 6%@6%, closing
at 6%, as was the case last week. Northern Securities
opened at 112 on good buying, but declined by degrees to
109%, closing at 110%, while Rock Island, which was
stronger than last, week, opened at 58% for common and
83% tor preferred, receding in like manner to 56% and 83%,
aQ d 83%. The bonds
respectively, closing to-day at 56
were in the usual good demand at 87%rt*87% United States
Realty common sank from 33 to 31% and the preferred
from 77 to 75%, closing prices being 31% and 75%
%
The copper group was an unusually
The following were the rates of domestic exchange on respectively.
New York at the under-mentioned cities to-day: Savannah, interesting feature, Greene Consolidated being conspicuous.
buying 75c. discount, selling 75o. premium: Charleston, Large quantities were bought, the regular bringing 23%@
buying 1-16 discount, selling 1-16 premium New Orleans, 22%, the ex-rights 22@ 21%. Tennessee Copper sold extenWhite
bank, par; oommeroial, $1-25 discount; Chicago, 20c. per sively, sinking, however, from 19% to 17%, while
last week's figures,
discount; St. Louis, 15 @ 25c. per $1,000 discount; San Knob suffered a loss of 5 points from
$1,000
sagging to 11, but rallying eventually to 14%. British ColumFrancisco, par.
bia was very active at 7%«7%, and renewed interest was
State and Railroad Bonds.— Sales of State bonds at the shown in United Copper, which brought 31%@30%. StandBoard include $34,000 Virginia fund, debt 2-3s at 98 and ard Milling was a noteworthy feature, the common fetch$200 Tennessee settlement 3s at 94%.
ing 8 4@9% and the preferred ?,2@33, and Central Foundry
The market for railway bonds has been dull in sympathy was largely dealt in at 4%@3% and 19j^@18 for common
with other departments, but was much less inclined to weak- and preferred, respectively. Electric Lead Reduction comness than the market for shares. Daily transactions have mon realized 3%@3% and the preferred 4^@4%, while
been limited to an average of less than $2,000,000, par value, American Writing Paper sold at 6% and 24%@25%, respectand were made up largely of low-priced issues. Pennsylva ively.
nia warrants and Wabash debenture Bs were exceptionally
Outside securities will be found on page 898.
'
;
1
4
4
*
New York
Stock
.
Exchange— Stock
Eecord, Daily, Weekly and Yearly
TWO PAUES
OCCUPYING
STOCKS— HIGH EST AND LOWEST SALS PRICES
Monday
Saturday
Oct. 18
Oct.
Tuesday
Oct. 2i
20
Wednesday
Oct. 22
Thursday
Oct. 23
Friday
Oct. 24
*41
*40
42
42
42
42
42
•69*2 71
'69*2 71
*69*2 71
*G9% 71
8934 90%
91 4
88 a4 90
88% 89 38 88*2 89*4
903s
10D% 100% 100% 100%
101 101 4 101 101 34 10034 101
108 % 110% 108*4 109*2 108 109 34
109% 112*4 110*2112
-94
*94
*94
95
95
*95% O.-.'s
•94
95
95
64
64
64^
63
63% 63% 62*2 63*4
64
64%
122 123
'1214124 •121*2120 *121*2 126 •12 1*2 123
141 146 *141 145 "141 145 142 145
143 143
137*4138*2 135% 13788 135*2 136% 136 136%
136% 137%
•84
•83
"85
87
*84
87
"84
87
88
87
175 *2 175% 175 175*2 '175 178
*176 177
176 176
42
*694 7i
52% 53%
37 34 38%
*7334 74
*214 216
37 y4 38*4
S7438 743s
•214
*89
•84
87
47 4 474
191 5«194
*404
191%
196419034
85
30*4
*89
85
45
92
85
47*2
•73*4
74
215
30% 30'8
30%
*89
85
92
85
193
235%
36% 37
92
85
46% 46%
46*4
190*4
193*4
52*4
51
216
J 39
'213
197*4 197*4
235
237
216
30% 31%
Si's Sl»s
*89
92
•
61*2 52%
36*2 37*2
*73*4 74
62*2 63^,
192% 190*8 101%
195 194*2 106
230
230*8 230*8
232*2
504
34^
74%
33*2
51*4
50*4
172
260
172*2 172
260
•255
45*4 45*2
92*8 92i4
48*2 49%
21*2 22
4 5
88
-!"..
30%
39% 39%
30*4
68
68%
*534 54
61*4
61*4
*84
88
63
63
193*2 194
61*2
32% 33
„
73
49 38
260
-44
92
44
44
170*2
255
91% 92
*474 49
44%
92
20*4
39*4
21
47*2 49
20% 21
40
39% 40
89
89
8s)
89
19*4
19
30
1934
19%
30
30
30
38% 39%
07% "~*4
61 34
38% 38%
6,% 67%
52
53
"84
03
194
33
260*4
2134
52*2
*2
53 4
60
61''1
00
88
61*4
*84
*84
'00
190
190*4 190 '4
191
1023,,
105
105
227
234
'155
-190
162
202
•20*2 21
38
38
73
49
171%172*4 •168
42%
89% 90
19% 20
30%
38% 39%
191%
*v
204
37
-17*4
49
100
162
208
Ann Arbor
Do pref
&
Do
Shares
Santa Pe. 143,445
155
•100
162
205
pref
Do pret
Chic. Rock isi',1 <fe Pacific
Chic. St. P. Minn.
Om.
Do pref
204 203. Chicago Te.rm'1
37% 37 4 38
Do pref
184 •17*4 184 Chicago Union
49 54
54
Do pref
100
101
Transfer.
Traction.
& St
323
334 Colorado So., rot. trust
744
Do 1st pf. vot. tr. cfs.
4»*o
Do 2dpf.vot.tr. ctfs.
'1684 171 170 17 J
Delaware & Htii
255*8 256
255 260
elaw. Laok. &
'444 44% -44
44 34 Denver* Bio Gra ude
91*4 914
91*4 91*4
Do pref
47*4 48*4 47
48 4
nines & Ft.
20*4 21
20 4 21
Detroit South, vot. tr. ctfs
394 39 4 39 4 394
Do pref. vot. tr. ctf.s.
88% 87
89*4 Detroit United
J 88%
19*4 $18% 18% Dulutii So. Shore
19
Atl..
29% 30*4 2934 29Do pref
38% 39 4 39% 393g L/'rie
67% 684 68
68% Ejdo 1st pre!
52 34 53*4
Do 2d pref
52% 53
73
7
49*4
4
734
1
<fe
494 -484
28*2
96*2
92*2 92ia
4"
29*2
92%
29
9214
61
88
•60
-84
644
84
80
•78
80
44 4 44*2
Hi
81
36*.
36
*60
576,
35',
70
37
57
-80
36%
Hz
91
•62
190
61
88
& Terre
Evansv.
02
•60
•56
70
75
138%139% 138% 140%
1353s 136*4 1354136%
70
60
130
60
56
70
62
•120
130
77
82
I
I3434 136
»122 124 •121
14l*-2l4236 141*2 142*4 139 34
•39*4 41*2 40
•88
90 4 88
26*8 26*2
26%
26*8 263s
80
139
354
56
70
60
130
77
70
(52
130
112
ai8 128
111
•118
794
......
99
•110
99H
125
•99
110
100
1243)
120
141*2
41
26
80
90 4
26
88
25%
824
*
Ji>
98
90
94
90
09%
67% 68%
874 88
784
7 734
8S
78
704 77%
76
76*2
864
37
76% 78
36
36%
21
77%
77
20
77
76*4
76*4
35
22
794
974
110
88
70
21*2 22
'
Western...
....
•
37
674
874
77%
764
23
824
93
98
120
94
68%
874
77%
764
21
76
86
•79 4
764
364
974 974
'90
794
82%
93
•
•95
110
94
93
100
120
78
74
1
79
Do
36% 37
100
&
St.
600
Louis
pref
Minn. S. P. <fe S. S. Marie.
Do pref
4,420
-..:
Mo. Kansas <fc Texas
5,025
pref
Do
211,43
Missouri Pacific
70O
Nash. Chatt. & St. Louis
1,750
at. of Mex., vot. tr. ctfs
pref., vot. tr. ctfs
900
N. Y. Central* Hudson..
20,015
1,300
Do
X. V. chic.
&
Louis...
St,
Do lstpref
Do 2d pref
Y. N. Haven & Hartf
695
N.
N. Y. Ontario <fe Western, 13,440
148,710
Norfolk & Western
Do adjustment, pref.
300
Coast Co
Paoliic
Do lstpref
"300
Do 2d pref
153,470
Pennsylvania
100
Peoria* Eastern
Pere Marquette
pref
Pittsb. Cin. Chic. <fe St. L
Do pref
Securities, "A" ctfs
eading, vot'g tr. ctfs..
pref. vot. tr. ctfs...
tr. ctfs
2d pref. vot'g
Rutland, pref
Law.
St.
&
Nov
34
66
Sep
Dec
42% Jan 91
70 May 108
81 3
4
J
ne
May
U44May
Jan
Sep 19
72%J'ly21
29
27
3
45%.Fly 16
79 J'lyl7
120% J'ly30
51 J'ly 1
35 Aug20
95*4J'nelO
90»4J'ne24
51 34 Aug20
1364Sepl3
22% Jan 25
904 May 5
S334
6 145 34
Jan
574 Sep
Jan 22
434Jan24
Jan 190% Deo
May 52% May
Apr
Maj
724 Jan
82% Apr
91 Jan 140 Nov
Jan 136 Apr
1204
16 Jan 27 Not
90 J'ly 0434 Mar
75 May- 90 4 J'ne
Dec 56
Max 188 May
M_,
186 Jan 14 20034 Sep 20 176 "ay 200 May
204%Jaul4 273 Apr 29 168% Jan 215 May
3
230 Jan 18 2744Apr29 207 Mar 24 s Apr
152 Jan 16 206 Sep 22 116'i3 Jan 175*4 J'ne
140 Feb 6 170 4 Apr 30 125 Mar 146 34 Nov
195 Mar 6 210 Apr 15 180 Mai 201 Apr
15*4 Fob 21 24%Augl9 104 Jan
31 Apr
2
30*4Feb20 44 Sep 10 28% Dec 57 4 Apr
"
1034 Jan
23 Apr29 12 Jan 20% Slay
41
1004 Jan 27 98% Sep 20 134
1
Marl 5 60 Apr 28
14 108% Aug 8
21
15
15
I
-J
1
'.Sep
2
1
.lay
M
J'ne 2
10 Jan 15
18% Jan 14
May 19
60 4 Oct 13
49% Oct 13
97
24
Apr
1"C
Apr
Apr
Dec
May
J
ne
45
17
J lie
Dee
Oct
Deo
40% Dec
82 Aug
b-
Feb
12
4 J'ne
45
4
Jan
is
,Ia
.in
14% Dee
1
36
75
4
.-
35% Apr
14% Jan
9
Jan
2
5934
2
39% Jan
7
41
Feb 27
00 Sep 17
Mar 202*4 Sep 4
.Jaull HO
81
17
7534
-'
63% Jan
'
1% Mar
ttar26
1
May29
Jan
2
'.Hill
16
.
65
294 Oct 20
Jan 8
Jan 15
81% Jan 11
1734
,
75
62 34 Dec
Jan 68 Apr
Jan 95 Apr
Jan 36
208
Jan 67% el)
1
74 Jan 11 4 Apr
104 Mai 754
ii.i-i Jan
88 \
124 Max 15434 J'ne
433, J'ne
874 J'ly
4 Jan
.!
.Ian
77% Oct
19
Nov
Nov
101
124
Ji
J
Jan
1
75
71
M ay
60
M
ix
35% J'ly 17
6%
Lugll 40 Ji
60
lan 28 34
14 53 7sS. n 2
Ja>
13 184 4 Jan 7 LOS M.
85 4
15 297 Feb 4 L88%Ja 258
an
34 A\ig21
13 51
an 53%
13 96 34 Aug21
80 J_
an 103*4
Feb 1 53% J'ly 11
Feb 3 25 Sep 2
Feb 24 48*4 Sep 3
39
13
33
58
73
15%
90% Apr2s
25 50 4
Jan
Jan
48
21
ne
11
81 \
25
49 Apr
.:
13
4. Ian
35 Jan
5% Jan
Jan
2
.;.'*, Jan
13
..
Jan 14 62%
Jan 15 41 Sep
an 2 84
55*4 Oct 13 714.1. in
Oct 8 138 ieo
325 Apr
340
Lpr
LO
let
108% Jan 135% Sep
355 Nov
90 Dec
230 Api
Jan
91%
.
1
454 Sep
70 4 Nov
1
:
r.
,
.May 11134 J'ne
May 145 Dec
Jan 27
Marl2
70
lan 20
83
Mayl!
J'ly23
Oct 13 17;
Feb
150 Mav 177 J'ne
Nov
27 Jan 41
Feb 7 43 Jan
91 34 Mai 22 79 4 Jan 93 Sep
89 Mar
24 Oct 13 31%Mar31
12% Jan 80 May
192 Apr 29 107'.i Mai 180 Nov
?160 Mar
10
7 4 Jan 111*4 J'ly
[06 .lan 27 L16 Apr
118% Jan 22 127% Apr28 101% Jan 1244 Oct
364 Jan 2 83 Oct 20 15 May 36% Nov
90 Jan 14 139 Sep V.
49 Apr 9i a4 Nov
3534 Sep 1"
24 Mar
15 Jan 36% Apr
51
Jan 13 003, Sep 10 37 M ay 68% Apr
96^ Marl 1 126 4 Sep ic 69 Jan 124 4 J'ne
80 Jan 24 122 Apr 2 J TO J'ne 582*4 Nov
15*4 Oot
cl4*8 Jan 15 21 34 Sep
c 3% Jan
374 Sep 23 45% Marls
149 34 Oct 13 168% Jan
139% Jan 174 4 Nov
44 4 Oct 13 57% Ang
16 May 57% Sep
117%M;,y2l L24 2.;.ui2
97 Mar 120 Sep
47 Mai 95 Sep
84 Feb 4 100 An:.'
209 4 Jan 30 255 Apr28 {2064 Feb 217 J'ne
32 Marll 37% Sep '
24 May 40 4 M «y
55 Jan 14 8034 Oct 1
42 Jan 61% Nov
82 Feb 92% Nov
90 Feb 21 OS .J'ly 2
67%.rne23 81 4 Sep 20 52 Feb 78 Dec
so
loo 4 Jan 6 106 Mar2"
Feb 103% Deo
s;i
Nov
78 J'lyl8 84% Sep
68 Jan
147 Jan 14 170 Sep
137 May 161 4 Apr
14% Jan 60 Sep
39 Jan 8 47 4 Apr
.N
71
Feb 15 85 4 Sep 1
33 34 Jan 01
Sep
72 Jan
88 J'ne
80 May 17 93
57 Jan 81 Deo
804 Jan " 105 4 Sep
113 Mar2fi 12s Mavll 88 Jan 113 Deo
93 Oot 1 964 May 1"
214 -Lin 58 DeO
M u 10 784 Sep
86 .Mat 82% Deo
79% MarlO 90 '48' p
60 Jan
38 Jan ill si Deo
Sep 1
\pr23 97 Nov 11234 Nov
68 uct 10
:. \ J'ne
12 .lan 14 24%Aug29
7% Jan
let
81%Sep 1
78 -2 J'ne
Feb
62
17 Dec :it> J'ne
27 Jan 7 42 Sep
DeO
57 Jan 3
50 Mayl6 1 11% 1. 1>1
M
:,
-
t-
Do
774
184 19% St. Joseph&Gr'd
00 4 72
Do lstpref
31*4 34
Do 2dpref
76\
10,58
Michigan Central
Minneapolis
:
Highest
Feb
20
50
L06%Sep 2
is 4 Sep 10
134% Jan 21
30,800
40,610 128
1,200
2J00
vmral
1
Mavl6
77% May 15
96% Sep 9
98
7s
pref
an
9
684 684 RR.
1st
88
884
88*4
774 78
77
784
20% 204
73
824
-9(1
67% 684
88
Do
WOl
Lowest
'<
South'n
ii.
Long Island
91
25 34 26
128
120
94
77*4
1
88
91
26
111
IK)
68*8
70
'
121
140
-88
26
90*2
88*2
69
*88
78
76
Iake Krie&
13434 135*4
124
98
110
pref
10
i
Des Moines..
2,615
6,700
1,600
1,400
4.«34
170 Oct 8
45 Feb20
33 4 J an 22
71*4 Oct 13
37
OOO
400
Mich it
h. si
77
83
&
Keokuk
(
83% Feb 97 J'ne
55% Oct 88% Apr
110 Apr 4 -28 Aug26 77 Mai 122 Nov
139 Apr 2 145 Sep 19 116 Mar 14'1 >'lf
112*4 Jan 28 145*4 Sep 3 87 May 117 4 May
80 Oct 13 97 May22 54% Jan 89 Nov
26,497
1
36
60
56
120
4,901)
81%
C.Ft.S.<fcM.,tr. cts. pfd
35% Kansas City So. vol.
Do pief. vot. tr. ctfs.
81
35*4
56
•34
35%
•60
•56
'120
t
prof
42 4 454 Kanawha &
80%
Year
99
82
'.
9
27
27
14
26
13
200 30
900 1814
70
040
9
\
Green Bay&W..deb.
Do
Ctf. B
Do
Jan
74*4 Jan
954 Jan
101 Jan
92 4 Sep
60 Oct
900
Northern, pref
7-.
•42% 45 4
56
35
66,310
11,200
2,400
!.,8tmp.
1
95 4 Hocking Valley...
01
92
Do pref
148% 149 Illinois Central
44% 443,
a Central
79
35
2734
110%11034 111 111 •110 111
•118 128 115 128 •118
81
78*2 81*2
83
78
79%
79
80*8
78% 70 V
81
80S,
130 131
130 130
129
129
130S,131*2 130 134% 131 132
34 29%
30*2 31*8
30
30*2
20 4 29%
29
29% 2934
30% 31*,
63
014 02 4 • 60 62
634 61 34 02 34
61% 62
62% 63 S,
109% 111 >2 110 58 1H4 110% 111*4
111% 113*4 111*2 112% 110 112
108 109*2 105*8 liir>V •105 108
106*4 105% 106 1064
*106 110
18 '4 19% 18% 18 34
19
19
19*8 «1834 19
19
19' 2 194
-39
39% 40
40
104 38% 40
*3834 40>2
40
40
157 4 15 --4 157*4 158*4 155% 157% 15541564 155% 156% •155*4 150 4
47 49
•47
49% 40*2 48
51
50 *
50
50 '2
50
•110 120 •110 120 •115 121 •110 120 •110 120 •110 120
* 88
88 90 88 90 88 90 •
89
*88
89
88
229 229 4 229 229 226 230 226 229
{229*2229*2 230 230
33% 34*2 33*2 34% 33 4 33 J4 33% 33% 33 4 3334
34*a 31V.
78*4 80*2
77*4 78%
77% 79% 76% 78
78 4 79%
76% 77
-92
91 93 91 93 91 93 91 93 4
94
*91
94
*75
77*2 76
'744 77
77
77
75*4 75*4
77% 77*2 •75
•100 106 100 106 •100 106 •100 106 100 106 100 106
•79*2 80*2
78 82 '79 82 79 82
80
80
80*2 80%
163 164*4 163*4 164% 163% 103%
165 160*2 165 165% 1634105
42 45
40 43 41 45
42
42
111*2 •110
111
1,106
13841404
Louisville & Nashville...
134% 135% i:u%i 3:1*4 Manhattan Elevated
120 '4 12H*4
L22
etrop. Seoul., sub.rec.
138%
138% 1394 139*4 139% m etropolitan Street
•39*4 414 •40
40 4 40
404 tfet, West side El. (Chic.)
138*2 140*2
124
36
.
4 35%
935
95*8
44%
44
•78
80%
27%
28
98 4
•91
92**
148*4 149 4
78%
45
6,400
Haute..
Do pref
644 Ft Worth&Den.
189
2 7%
44*4
55% 56
35%
9
50
35
120
•122
96
80
81
5734
35% 35%
'60
4 28
414
45*2
80*2
36*4
27
96
91
28*2
91
92
149' 8 15l
148*4
44*4
45
45*4
79*4 79*4
7S J4
40
'2
67%
28
95
97%
1,8 10
3.0110
<ft
•60
61
88
65
190 ** 190
Feb 20
33
63
200 95*8 Jan
118 Jan
10,600 14*8 Jan
1,300 59*4 Jan
Jan
7,000
900 1624 Oct
900 253 Jan
800 404 Oct
884 Oct
'i
1
1
,
28*2
L.
llanye for Previous
Hiqhest
Lowest
44 34
chic.
pref
Do
32% 33%
500
2,700
2,100
Cm.
Cleve.
1,349
&
21
103
Jianf/e for Year 1902
On, basis of 100-share loU
Week
300
Atch. Topeka
101
•155
•190
74*2 74*2
50*8
41*8
85 h
46 H
EXCHANGE
oi
the
9.835
108% 108% Baltimore & Ohio
297,020
Do pref
944 944
133
62% 63 Brooklyn Rapid Transit.. 16,765
122 123 Buffalo Rocli. & Pittsb'g.
142 145
Do pref
100
136% 136% /Canadian Pacific
49,450
'84
V Canada Southern
87
173 177 Central of New Jersey...
800
51% 51% Chesapeake & Ohio
38,675
364 36 34 Chicago <fc Alton
4,000
73 74
Do pref
140
213 215 Chicago & East'n Illinois
•134 138
Do pref
30
30% Chicago Great Western.. 25,210
*89
Do 4 p. c. debentures
914
^4*4
84
Do 5 p. c. pref. "A"..
1I200
4434 464
Do 4 p. c. pref. "B".. 1,100
191% 102 Chicago Milw. <& St. Paul. 58,600
194% 195
Do pref
1,562
229% 229 Chicago & North Western 4,800
4
198 2004 199% 200
49%
173
265
45
91
85
•44
100 3
162
208
33
51*4
91% 02
48% 48 34
42
41
*87
20
34
74% 74 7e
89
88% 89%
•198*2 200*4
•190 200 •190 202 •190
•19*2 22
21
21
22
22
38*4 38*2
37% 38
38 4 39
17*4 17%
17*4 17%
18*2 18*2
18
18
•49
54
65
*53
554 •49
•100 102
100*2100*2 100 100*2
•101 103
74
30% 30%
43
71
694
200%
200*4 200 *4 200*4 200*2 200
•153
•153 162
•155 162
3334
51% 51%
36% 36%
73% 73*4
Sales
STOCK
Railroads.
41
*40
*40
STOCKS
NEW YORK
Island
800
8,900
1
1
2,400
1,400
1
1
.-,.-,
3,000
Adirondack...
t
1
I
BANKS AND TRUS T COMPANIES— BROKERS' QUOTATK
It
miks
American
...
Central
101
CeinuryH.... 175
Too
[Chase
:
Chatham
t
200
1000
Ask
City (new)... 1302%
Columbian .. 350
Commerce... t333*4
lolonialU
1
386
'onsoiidated
I'm Ex newli t429
1
i
170
...
155
115
210
Fifth Avon.. 3500
Fifth
375 425
First (new)., t790
llihstreetll. 200
300
i-'.A-'
llivel'..
Banks
Bid
Fourth
240
Gallatin
425
Gansevoortl] 140
Garfield
500
German Am' 55
German Bxl] 350
German ia1| .. 600
1
Li|
Greenwich
11
Hamilton^]
..
165
....
I
.
11
170
11 liable ...
IdelityH
Bid Ask
Mil ilk*
Leather Mir. 200 280
660
Liberty
loon
Lincoln
336
Manlialtan',. 326
& Fill 260 2711
296
M chanics'
ll'.S
Mech A Trail D
375
nitile .. 350
m roll Exoh 165 175
1
360
E
Ask
250
435
-•'••
.
.
Hanover
t650
Imp c& Trail. 050
340 360
4350 4450
Irving
240
200 21 5
JetlersonU... 165
Bid and asked prices; ii" a ilea were made oa tins day. $ Less than DM -.11
Sale at Stock Exchange or at auction this week. * Trust Co. certificates
Jbemical
*
Ask
i;.o;
Ainer Kxeli.. J SO
Astor
750
Boweryll .... 326
Broadway ... 335
But ch's «fe Dr 150
,
Bid
ILmiiIih
Bid
KKW YORK
tfcr< tiants'..
Ip
ill
'.
new
orrisl
M mnal'
i'-
.
c
.
'
..
is;,
1-551
200
300
fights.
Includes, prior to
225
Bid
llnnks
Ask
205 2
New Amster 650 700
\ \\ York Co L500
N Y N
N H York. .. 1345 350
19th Ward'
150
1247 4
North
Northern
L85
inenlai;,
205
2 40
01
l'ark
650
625
I'eople'sl]
276
186
Phenix
L26
1'
Bid Ask
826 675
ItllllUs
Plazal
.".
..
1
1
*
xehl
sldoD .. 300
000
nl
a
5<
1
•
.i
•
.
ShOI
.t.
b.new
l.elll
Statel
*
1
1
I
"11.
Ward'
n<\ Wardl
i
oited
.
..
66
180
876
1
1
170
...
I"
L26
130
140
Fniiedstales 360
200
Vanekll
State banks. <t Bis lividend and rights, b Now sIook
M iy 17, dealings In old Mex. Nat. trust reoeipt*.
1
%
%
.
October
Stock Eecord— Concluded— Page 2
25, 1902.]
STOCKS— HIGH EST AXD LOWEST SALE PRICKS
Mo ml ay
Saturday
Oct. 13
Oct.
77% 77%
•82
97
•90 V.
97
44% 45%
•127
*
77
>82
80
7S% 73%
32% 33%
Oil's 70%
73-4 74%
38% 38%
130
86
Tuesday
20
Oct.
V
86
73%
73%
32%
70
09
72% 74 %
37% 38%
".'4
94%
•90
45
128
45%
130
21
Wea nesdau
82
Oct.
75%
75
76
}S4% 81'
70
84
r
32»,
32
68% 09
'
.
5
%
73%
37%
7
1
37
9 3 1,
1
•90
95
44% 45
•120 129
%
%
o
I
% 31%
67% 6S*i
%
94
•90
94
43% "44%
43% 44%
44
130
37
30% 33
129
'120
'
'120
130
23
23%
62ia
03
3o
io4%ioo% 104% 105% 104% 105% 104%
91% 91% •91% 91% 91
91% 91%
23% 23->.
23% 23
23% 23% 23%
23 Hi
63
3 Ha 63%
63% 63% 63% 03%
6
63%
32
32% 33% •33% 33% 33%
34% 35H
34%
Mi
48% 49% 48% 49% 48%
50
50% 49
27% 27% 27
28%
27% •27%
2 8 Hi 2 8 Hi 28
35%
50% 50%
28 % 28 Hi
60% 61
40% 40%
Hi
l
4
61%
•59
40
28
53
Ha
40
28 Hi
53% 54
28
61
40
28 Ha
54%
240
200
05% 67%
05 Hi 65 %
'1%
•5
35=8
1%
1%
6%
•5
1%
6 Ha
50%
503)
36%
§91% 91%
50% 50%
98
98
*98
•91
36%
92
30
•39% 39%
40
65% 66%
-1
1%
•5
0%
35% 30%
92% 92%
49% 50
-59
"38
28
53
•200
240
65% 65%
•1
1%
6%
35% 35%
91% 92
49% 50
99
99
41
39% 39% "39% 40
.
56% "57%
12% 12%
41% 41%
10% lOHa
30 Ha 36%
235
250
56% 57%
12% 13%
41
42%
10% 10%
•59
61
01
250
235
•200
240
&
22,T7fi
Pacific
Avenue
167,16(i
49
'J
pref
Do
pref
Wheeling
8
&
Lake
Erie...
Do 1st pref
Do 2d pref
00
40
Industrial
•200
05%
1% 1%
Adams
240
&
Do
•4
6
pre!
American DistTelegraph
250 American Express
57
American Grass Twine ..
12% 13% Amer Hide & Leather
37
235
•56
37
50% §57% 67%
12% 13% 13
13%
41% 42% 41
42
*41
41 Ha
De pref
40% 41
10% 10% 10% 10%
ln% 10% American Ice
10H2 10%
•30% 37% *3i!% 37%
37
37
37 Ha 37 Ha
Do pref
37% 37%
21
21
21
20 Hi 20% §19% 19% *20
21
21 American Linseed
21
20
•47
•47
*44% 50
•47
50
• 45
.47
60
50
50
50
Do pref
30% 30% 30% 31% 30% 31% American Locomotive...
31% 30% 31
30% 31% 31
94
94%
94% 94% 94% •93% 94%
95
94% «4% •93
Do pref
94 Ha
-0
6
6% 6%
*6%
American Malting
6 Ha
6% 0% 6% OHa
•23
•22% 22% •23
25
*23
24
25
•22
25
•2S
25
Do pref
46
40% 47% 47% 46% 47 Amer. Smelt'g<S; Refin'g.
47% 48 Ha 40% 47%
47 %
47
95
96%
95 H
95% 95% '95
96 Ha
90% 90 Ha 95
Do pref
96%
!10H>
57
57
12*8
12%
130
*97
132
100
§120
•92
*166
•'JO
120
94
169
"14
15
*76
79
•97 100
*230 240
'11
11%
S3 Ha 84
*130 135
24% 24 Hi
220 220
121 Hi 121%
•32%
84
•130
33<H
72Ha
•16Ha
41
51Ha
14
•77
98%
230
127
*90
123
L32
100
•11
-77
•97
15
79
102
238
121
33
4
130
21
73
74
10%
46
230
•11
83
•130
15
79
100
238
11%
121
33
5%
Ha
140
5%
74% 76%
10%
45
52%
52%
'90
46%
104
29% 30
94
94
Ha
184
124
•42
43
104Hal05
'178
124
60% 61
93% 94
•
132
*U9
94
92
15
79
77
98
235
135
135
120
94
14%
97
228
*119
92
15
79
97
230
§10% 10%
83% 85%
•
American Snutt
135
99'- 99
7% 99%
123% 124% 123% 124
•9
125
121
Do
1
pref
American Sugar Refining
Do
121
pref
American Tel'gh <fe Cable
Amer. Teleph. <fc Telejr...
144 American Woolen
94
14
•77
Do
79
pref
97% 97% d Anaconda Copper
•227 236
Brooklyn Union Gas
•121%122
32%
§32% 32% 32
122
84
*130
*4
140
140
5%
39
180
20
•73
76
•16
187
20
74
180
20
•73
180%
ruiisw.
•41
52
50
52
•41
50
51
92
13
Dock & C.Imp't
84
140
135
•5
*5%
5%
§37% 37%
20
51
92
10
10%
46% 47
01
02
95%
§235%230
95
230
230
54
52
•9
•49
<90
51
92
13
60%
•38
41
*13Hi 14%
*76% 79Ha
•91% 93
•0%
7
65
05%
40
•38
23*8
81
25%
73
71
93
7
*38
60% 01%
230
•91% 96
•6% 7
64% 65%
40
40
245
13UHa
245
130
•240
130
250
•127
•240
130
250
•125
240
130
250
Internat'l Steam
Do pref
Pump..
Do pref
103%
28% National Lead
94
178
124
4a
104
•13% 14% 13% 13% *L3% 14
*13% 14
•70% 79 Hi •76% 79
•70% 79% *77
79%
10
16% 16% 10% 17
15% 16% 15% 16% *15
16%
16
«55
56
56
58
55% 57% 57
57% 55% 56% •55
57
'142 150
'142 152
142% 142% *142 150
14% 14%
14% 14% 14% 14%
14% 14%
14% 14% 14% 14%
91
9J
90% 90% 90
90%
90% 90 "i
90% 9i>% 90% 30%
"17% 18*4
'17% 18%
18% 19% 18% 18% §17% 17%
18
18
"56
57
58
50% 58
850
50
61
56
50% 54
58
41% 40% 41% 40% 40% 40% 40% 40% 40%
41% 41% 41
91
91% *89
91% 91
89%
88% 89% 88% 89% 88% 89
67% 67% 67% 07% 07% 07% 06% 00% •60% 67% 66
08%
125
International Power
International Silver
Do pref
Do
pref
New York Air Brake
North American
Co.,
new
Pacific Mail
eop.
Uas-L.&
C. (Chic.)
01
61% Pressed Steel Car
Do pref
95% 96
235 236 Pullman Company
Oailway Steel Spring...
37% 37%
•89% 90 Ja-Do pref
22% 22% Republic Iron <fe Steel ...
Do pref
79
79%
23% 23% Rubber Goods Mfg
Do pref
71%
60% OS SlossShelheld St. & Iron
•91
Do pref
93
6% 7% Standard Rope & Twine..
65% 06 Tenn. Coal, Iron & RR...
•38
41 Texas Pacific Land Trust
*13% 14% Union Bag & Paper
•77
Do pref
79%
95% 95%
40
Do
Manhattan Beach
10% National Biscuit
12
46
•103
§230
82%
81
•16% 24
*41
30% 37
30% 37%
89% 89 3 -89% 90
22 % 23H
22 % 22%
79% 80% 79% 79%
24
24% 23% 23%
71% 72
71% 71%
67
68
00
67%
38
90
39
Distill. Co. of Am.,tr rects.
pref., tr rects
186
50
•90% 92
00% 61%
95% 95"
%
General Electric
19% 19% international Paper
*72% 73
Do pref
180
20
*41
•50
Diamond Match
140
*;:s
185% 186
20
36% 37% 37
•88
89
§88% 88 Ha §90
22% 22% 22% 23% 22%
•79
79
80
79%
7o%
23
23
23%
24% 23%
*69
72
72
71% 72
09
70% 69
63 Hi 65
•91
•91%
93
91% 91%
•6
7
§0% 0% -6%
05% 67
65%
66H1 67 Ha
41
•83
*130
121% Continental Tobacco, pref
"31% 32% Corn Products
«.
•82% 84
Do pref
121
40 %
46
• 103
105
104
103
29
29% 28% 29
28%
94% 94% 94
94
94
178 182
178 178
175
121%121% •121% 124 *120
•42
45
§42% 42% 42% 42% '40
103% 104% 102% 103% 103 103% 103%
33% 36%
-38
121% 121%
32
32%
73% 73% 73%
83
76% 70% 77% 78
-10% 24
•10% 24
10%
40 V 40 Ha
40% 46%
102% 104 "103 104
29% 30
29% 29%
94% 94% 94
94
•178 183
178 183
121
121
121 121
42% 42%
83%
83
130
6%
15% 5%
•38
38% 39
91
104% 104%
00% 02
94
94%
82% 84%
-
122
38
39
180 189
!0% 20%
'72
73
-10 Ha
•41
83%
10
-46
104
14
77
98
•230
136
100
85% 89% Clolorado Fuel & Iron...
130 134 • 130 134
134
130 134
130 134
Do pref
24% 23% 23% 23% 23% Col. <& Hock. Coal & Iron.
23% 24% 23% 24% 24
J 20
218% 220% 218%219
218% 218% 21 8% 218% Consolidated Gas (N. Y.).
220%
83% 84%
§84% 84%
84
140
'5% 5 Hi
•38% 39
187 188H
20%
*72%
135 •127
•90
100
125% 123%
124% 120%
•120% 12 1
119
120
122
*92
94
92
92
94
132
124=8 126%
50-e
*130
235
135
245
67,010
200
U. S. Cast I. Pipe <fc Foun.
Do pref
United States Express...
United States Leather
Do pref
United States Rubber
Do pref
United States Steel
Do pref
Virginia-Carolina Chem..
Do pref
Wells, Fargo
<fe
Co
92% 92% 91% 92% 91% 91% 91% 91% 91% 91% 91 3* 91%
estrn Union Tele'gph
«218%218% 220 220 •220 230
210 219
216 219 *210 217 West'gh'seEl &M f g assen
»219 223
222 222
220 220
Do 1st pref
210 220
210 220
218 218
9J350
2,282
6,900
400
700
2,098
61,885
4,800
2,060
627
1,050
13,200
1,500
400
.Mar
I'ne
J'ly
Augl3
Apr
81%
27
Jan 14
92
37%
i;.
.j.-I ii
Jan
H
17
06t
11
134
38
i'no
- Ar.u-'.'i
98% Ayr
92% in
54%
I
(!.
Sep
I
Nov
5
19
May
i
u
01
Oct
9
14
41% .Ian
13
17
27
.1:111
49% Jan 27
04
28
25%
10%
.Ian 21
.Ian 1..
21% Jan
29
I
33% Oct 24
49% Sep 2
Jan 20 129 A u .IT.
156% -Vug 6 159% I'YM^
Feb 28 113% A u - JO
80% Mar o 95 Aug29
22% Oct 13 24 Ocl 20
Ha
Maj
65% Jan
28
.hm
Vlay
vl
IV
Deo
Nov
147
70 Maj L33 May
81% Jan 99% May
Api 160
OCt 2
Sep 10
54% Sep 10
30% Sep 9
06 Apr 29
4 2% Sep 10
31 Aug20
1
11
•
% Jan
26
J'ne
46% J'ne
Jan
11% Jan
45 Ma.
24 Maj
1 4 % - an
::;
>
22
J'ne
00% Mar
38
20
M ar
J'ne
49% Apr
38% J au
§198 J'lyll §240 Oct 2 §145 Jan 5202 Dec
61 Mar25 79 Feb 1 ooi. Dec 130 J'ne
1
Oct 3
8% Apr 14
1 % Sep
8% Apr
5
Sep 24 20% Apr 14 10 Sep 35 Apr
28% April 37% Oct 3 19 Jan 35 J'ne
85% Jan 14 93% Oct 3 07 Jan 89% J'ly
30% Jan 10 57% Apr 28 24 Mai 35% J'ne
86 Feb 3 99% Apr 23 85 Apr 91% Jan
82% Jan 14 42% May 2 32 Oct 40 May
210 Jan 13 205 Aug28 §109 Jan 210 Nov
39 H Jan 9 62%Aug21| 39% Dec 45 Nov
9% Sep 11 13% Oct 21
38% Oct 13 43% Sep 20
9% J'lyll 31% Jan 2 25% Oct 41% Mar
32 J'ly lo 07 Jan 31 02 Oct 77% Mar
Jan 14 28 Apr 30
15
5 % Jan
30% J'ly
43 Jan 13 58 Marl7l 31 Jan 66 J'ly
20% Oct 13 30%Apr29, 22% Aug 33% Nov
89 Jan 3 100% Apr 29 83% Oct 91% Nov
5
21
Jan 20
7% May 20
Jan 20 29 Sep 5
43 \ Oct
94 Oct
20U 40% Jan
100 85 Jan
11,900
2,000
4% Feb
8
22 % Dec
38% Oct
88 Feb
20 Mar
73 Apr
13 49%May20
14 100%J J ne23
22 135 Oct 2
13 101 Oct 2
55,370 110m Jan
150 115 Jan 2
84 Mario
100% Jan 13
20 12% J'ne 5
73 Apr 2 3
1,700 (295 Oct 10
210
10
30
69
49% J'ne
90
r
§90
Jan
7
Apr 4
17%Jau 7
80% Sep 22
186
146
Jan 4 253
Feb
1
§94
1
Jan 100
57% Nov
13 % Mar
70 Mar
28% Dec
U.700
J'ne
J'ne
Apr
104% J'ne
135%Mar31 103% Dec 153
122 Aug20 111 Dec 130
Aag28 175 Jan
Jan 13 14% Apr 23
8% Jan
73% Aug22 110% Apr 24 41% Jan
§130 Jan 29 §140 Mar26 116 Mar
0,000 14% Jan 10 24% Oct 17 12% Oct
3,525 211% Oct 7 230%Apr25 187 Jan
1,200 115 Jan 2 l20%J'ne 3 93% Jan
1,046 27 J'ly 15 38% Mar24
775 81% J'ly 31 90 JUar_>5
130% Jan 13 139% Jan 2 127% Oct
i|049
5%Aug22
4 Augl8
1,097 31% Augl9 39 Oct 20
3,550 ol70% Oct 13 334 Apr 9 183% Jan
2,000 18 Oct 13 23%Mar20 IS % May
100 70% Oct 7 77% Jan 7 69 Jan
6,850 55 J'ne 4 199 Apr 29 54% Jan
6% Jan 27 24% Oct 6
5% Feb
35 Sep 29 05 Mayl7 33 Apr
720 47 Jan 2 57% Marl9 24 % Jan
10U 87% Jan 13 95 Oct 2 74 Jan
200
9 Oct 13 19 Apr24
8 Oct
2,100 43% Jan 14 53%Mar20 37 Jan
325 103 Oct 13 109% Apr 4 92 Jan
9,900 15% Jan 18 32 Sep 26 15 Mar
800 78% Jan 10 90 Oct 2 74% Dec
500 148 Marl7 190 Apr21 133 J'ly
400 88 Jan 28 134 Sep 3 73% Feb
350 37% Mayl7 49% MarlO 30% May
6,155 98% Jan 16 109% Sep 5 95% Jan
13,170 39 Jan 14 63 % Oct 3 30 Mar
7,320 82% Feb 4 96 Oct 24 72 % Mai
282 215 Jan 13 250 Apr 29 195% Jan
3,800 24 Aprl6 38% Sep 19
270 80 Apr 1 90 Sep 2
44,150 15% Jan 2 24% Sep 8 11% Sep
4,500 68 Jan 16 83% Sep 10 55% Jan
14,500 3 7% Feb 2 8 25% Apr 21 18 Dec
2,780 63 J'ly 25 74%Mar22 65 Dec
4,850 29% Jan 3 83 Sep 4 19% Feb
200 80% May 19 95% Sep 9| 05% Jan
25
4 Jan 10
8% Apr 29
3% Mar
8,850 60% Oct 13 74%Apr24 49% Mar
100 35 Jan 15 44% Feb 18 19 Jan
100 13 Feb 1 18% Apr 3 12 Apr
72 Jan 10 85 Apr 5 65 Apr
5,325 10 >g Mayl2 17 Oct 20
3,210 42 Mayl9 59 Sep 6
20 97 Jan 2 100 Ang28 §53 Jan
21,430 11% Feb 20 15% Sep 22
7% May
91% Sep 22 69 % May
1,078 79% J an 2
3,440 14 Jan 2 19% Oct 1 12% Oct
1.5T0 50% Jan 14 04 Mar24 47 Oct
70,580 36% J'nel9 40% Jan 7 24 May
51,46
87% J'nelO 97% Jan 7 69 May
4,150 60 Jan 18 76% Apr 28 51 J'ly
100 120% Jan 17 134% Sep 9 116 Apr
100 §185 Jan 24 §255 Aug28 §130 Jan
2,290 84% J'ly 10 97% Aug26 81 Jan
120 169% Jan 15 233 Sep 11 145 Nov
400 180 Jan 8 234 Apr 9 157 Not
10
<
5
Jan 14
8,000 19% Jan 3o
5,000 39% Jan 24 57% Ang29
Express
35% 35% American Car <fc Foundry
92
Do pref
92%
50
52% American Cotton Oil
•96
99
Do pref
49% 50
•98
99
-39
40
*235 250
800
450
43U
Hiscell
malgamated Copper...
64% 05%
•1
1% American Bicycle
35% 36
92% 92%
3,075
1,900
2,050
4.425
12,990
75
'..ii
(
31% Jan
35
18
26,205
1,675 107
20.091-
Wabash
Do
Mar
55% Mai
"-in
UnitRysIny'tof SanFran
33%
'.
122
(N. Y.)...
1,
-
90
27% 27% Wisconsin Cent. v. tr. cfs.
53
Do pref. vot. tr. otfs.
53
Z'34%
*5
bird
1
24
64
•59
•38
40% •37% 40
28
27% 28
53
52% 53
M. &
Texas
Lowest
I
56% Oio
9
J'ly
58
1,400
(1'. >i /l
i
21
15,100
or Previous
Year
l
3,751
13, to.
pref. vot. tr. etfs
O. stock tr. ctfs...
I
j
.'
130.8H
prof
105% Union Pacific
Do pref
91%
91 Hi
24
03 Ha
40 Hi
28% 29
54
54Ha
00
'•
1,6 H
pre*
35% Toledo Railways &. Light
33% Tol. St. L. & W. v. tr. cits
Do pref. vot. tr. otfs.
48
120% Twin City Rapid Transit.
Do pre!
105% 107%
91
Do
94%
•90
Range lur Year 190?
On basis 01100
Week,
Shares
Louis Southwestern.
Do
891
2 201
in
71% 72 V Southern Pacific Co
37% Southern voting tr. otfs.
.
the
1st pref
Do 2d
st.
Sales a
Louis <ft San Fran
Do
31
08% 08%
72%
37% 37%
94
*128
St.
i
'3%
?•_"
94
•90
EXCHANGE
11
84
32
70
31%
08%
STOCKS
NEW YORK STOCK
Frida
73%
7.;'.
98%
75%
s!
r3%
7:;
72
Th ursdaii
Oct. Hd
35%
30 Ha 30%
29
30% 29% 29%
29% 30%
32
44% 40%
io% 47%
40% 48% 48
45% 47% .47
4SHi
119% 121
120% 120% 120% 120% 120
119% 119% 1 19 Ha 121
106% 107 >*
91
9H*
1
.
.
J'ne
J'ne
J'ly
Apr
107% Sep
21% Jan
82% J'ly
54% Apr
228 Apr
14% Mar
130% J'ne
142% Apr
5% J'ne
238
124
Apr
J'ne
152% Aug
2S9% Deo
Mar
81% Sep
100% May
28
IT
51
Jan
Deo
49
Nov
89
22
46
Apr
Oct
May
103% Nov
25% J'ne
93% J'ne
175
109
Apr
J'ne
49% Nov
120%J'ne
52 Jan
89
225
Apr
24
J'ne
Oct
Apr
38% May
90 May
41% Apr
86% Apr
82
8%J'ne
76%J'ne
Apr
19% J'ne
75% Deo
42
Apr
16% May
83% Aug
100
34
85
55
Jan
Jan
72
125
Mar
Aug
Apr
101% Apr
199% Deo
100% May
180 Deo
187 Deo
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bia
Washingt'u^ 200
Wash.HlitsI, 200
West Sidell.. 590
Western
600
Yorkvilleli .. 240
BKOOKJLYN
BedfordTI .... 225
Ask
Banks
Bid
BROOKLYN
Trust Cos.
Bid,
Ask
CITY
Atlantic Tr.. 1279
N. Y.
Manufactrs'. 340
Mechanics!) 220%
Merchants'. 110
Nassau
Ask
350
290
180
206
130
200
-
Bowl'gGreen 225 235
Broad wayTr. 105 175
....
C'lR'tyB&Tr t705
Central Tr's! 1890
410
it y Trust... 385
380 385
Colonial
Continental 060 085
i
Trust Co's Bid Ask
Farm Lo&Tr 1450 1526
Fifth Ave Tr 040
670
Guaranty Tr 725
Guardian Tr 195
Knick 'rb'k'r 775
750
205
826
Bid Ask Trust Co's
BROOKLYN
1150 1200
Brooklyn Tr
1375
Flatbush
North Amer. 280
Franklin
Real Est Tr't 425
Hamilton....
StaudardTr't 400
Kings Co
Tr Co of Am. 300 305
Trust Co's
N Y Lif e&Tr
N YSec&Tr
Bid Ask
460
175
325
325
430%
Lincoln Tr... 400
McV'ck'rRty 275 280
TrCoofRpbc 200 205 L Isl L & Tr. 320%
Manufact'rs. 340
Manhattan
1375
500
Union Trust
Nassau
220
17th Wardli
Mercantile .. 1100
USMtg&Tr 475
Brooklyn!] .. 130
People's
350
Sprague
Merchants'.. t385% 388 H Unit States tl750
215
Eastern Tr.. 212
8th Wardli .. 75
20th Wardli 135
Williamsb'g- 230 237
Metropolitan 000
Empire Stall 195 200
VanN'denTi -10 250
5th Avenue- 105
Uuionlj
MortonTrusl 1100
140
100
Washington. 115
Equitable Tr 375
First
360
Wallaboutli
Mut. Alliance 270 300
105
235
Exchange Tr
Windsor
• Bid and asked prices; no sales on this day.
t Ex rights,
d Beginning March 31 quoted per cent instead of dollars per share.
i Less than 100 shares,
1 Sale at Stock Exchau ge or at auction this week,
o Ex stock dividend, s Trust Co. cernucates. II Banks marked with a paragraph (H) are State banks.
BuroughH
100
Broad wayl;.. 250
Nat City
North
Sideli
People'sl]
.
.
1
1
.
New York
Exchange— Bond
Stock
'
'
..
Weekly and Yearly
Record, Friday,
OCCUPYING FOUR PAGE*
BOND*
Price
STOCK EXCHANGE
Week Ending octohkr 24
XJ
V
tJ
U. IS. Government
cI1930 Q-J
2s con-M'i
O1930 0,-J
2s consul coupon
2s consul reg small.. dl 930
2s consul coup small. <ii930 Q-J
fcl918
as registered
s
s>
or
Last Sale
2
=>
January
110 Hi 108
108 34
107 34
llOHi 107 34 Jiy'02
:,
.i
A
1
109^8
109 s8
108 1 08 34 107=8 Oct 02
1"
lU8 34l09J-2 109
09
07 J'ne (i
3
107 4
108Hl Oct 'OS
Ill 111 34 111
11 1
111
11134 1 1 I
Oct '02
136 '2 137 H> 137
hep '02
137i2 138 Hz 137 Oct 'ii'.
H>4'.| 105 h 105 Hi Sep '02
LOSHilOeHz 105 Hz Oct '02
105 7S 109H.
IO084 110
J07 107
im;-., 109 Hz
107 34 112 H>
10884 113
132 139Hz
13734 139 34
10514 IO6H2
104 106 H?
1
;,
-i
Foreign Government
95 >2 Feb '02
tour
.
'.
-
marts
to o
98 34 Aug'02
1
".
IS'
1
guar 4Hjs
lyiyio
N Y & Bongi!, l-.'i a Is 1941
Cent Pacific SeeSoPacil
lharles <fe Sav lsl 2 fa
lies & ohiu 2 6a sei A..A1908
Gold6e
alOll
ices
ii
l()4 3s
ili9 j
J
9434 95 >2
ne do liar.
96 100
a the b asis
Sep'02
Oct '00
of $5 to a.
10438 107
'
1
R&A
lUO^Oct
106
'02
107
ii
104 1 2 Jau'02
1364J'lv'()l
120 Mar'00
'.i.Vi
94*2
98
104
104Hi
1
Oct '02
94 H.
98
95-2
95
95
14!4 Oct '02
'
Chic& E
lsts t cur 6s. 1907
1st consol g 6s
General consol 1st 5s
1937
Registered
1937
Chic & inn C Ky lsl 5s. 1936
2.J 6c Erie
See line
yy-M
'4
15 3g
8
Railroad
Alabama (Jem bee So liy
iaba Midi See Sav Fhnfc YY
Albany it Susq .see Del A: tlud
Allegheny Valley AretuiiuBK
Alleg & West nee Bull K & P
Am Bock it im
ln& Bouisv ret 6s..
Refunding gold 5 ...
houisv N A & Ch 1st 68.1910
'hie Mil At st Paul con s 905
Terminal gold 6s
1914
.
1
Ii
It
Registered
98
Nov
.
96 Hi
94 aApr'02
114
I
'2
LOO
94
91
'4
B &'«<
Ohio prior
-Daft <fc
Registered
114H2U4H2
8aie
Registered
A194S Q-J
Com deb 4s
PJuinis .\[ Divlstg3 1a8l925 M-N
Registered
pl925 Q-i
VaSys
1st g
ibVt" i'lo"
00 ^
10]
in
3
4
1
98
80 »2
io-i
90
L17
1
LaCrosse
1st
Cell Uiiiu
Lsl
Beech
Ci
Bellev
18
Car
it;
Montauk
Buffalo N Y
Buffalo It <Sc
Ail <S W
Old; Mall
&
1'
114'4
U4
108
108
M
i
'02
n 5s.
116
117
A-O
Sep
117
1943 J-J
.1921 r-A
5s
4
'02
119
116
125
'-.>
1Z6
1
.)
127
'2
'2
LOO
120*2.
I
Vii"
MO* -Minn
& Madison
North Hi
l'ly'02
US
'.
OttCF &
118
118
106
107^
106
3ep '02
107
Hi
HI
1
os
s
1.
1
.7>
.'.
nvi
N
L921
.
Cen
I
,.
\
J'ne'02
Pac
t
F-A
1945 M-N
Ga&
110
lO'jasSsale
Oct
Oct
81
2
1907
'
1
J-D
lsl g 5s.
1946 J-J
78.. 1902
92
Sti«-«'t Ituilway
Brooklyn Rap It 2 5a
A-O
Atl Av Bklyn imp 2 5s. .1934 J-J
BkCitylstconos.
J-J
I
BkycoA Scon gug5s.l941
Bklyn Un El 1st 2 4-58.1950
Kin
Is
1949
n 2 4a
Nas
195]
City& SRy Bai
.1922
Conn By.'.
Ben Con l'r Co Lsl
Dei
Bet
(is.
1
.
91",
los',
136
135
i:;u""saie
101
L32
"No price
Av
1st c
1;
'.,
;
141
113
Oct
131
....
1
122
114
138H)139 T8
116
111
S*i
122Hz l'-6H»
124 34 l-4 34
2 125
•
126
113
132H?
'02
l3H)Od
L05
117
115
L82H«196
112
115
110'4 117
'02
ib*4 34
104 %
'02
--
.•
an
11 ? 34
L2OH2 Mar'02
.
119 a4
120'., I'JllHl
us.. 124 Hi
tpr'02
.
lUHs.
L14>4
118H*.
112 34
33
L18 34
1
1
.
108
.
107% Aug'02
.
1
2
-'
1
118 34
.1
,,-t
116
Sep
114
118
115
Oct
Sep
Mar'02
I
19
let
1
102
12
id '02
1,
106=8 Sale
117"' '"".
'02
t
1-4
H'Hi
191 Hi
1
119
1"9H|
114 117Hi
3
15
113
1
l
1
1
•
HO 3*
'02
Sep '02
.
.
115
120
130
2
1
Hi
123 Hi
141
101'4 10J34
101 '4 104
107
107Hl
;in', ', 1063a
11 L06
100°8
'2
lib" IIS*"
r-iy'02
111
105
s
1
1
12134
120=8
107',
L82'
116
LO8H1
'02
'02
'02
'02
116
108 Hi.
,
1 '.1
U2I4
Oct '02
1
1
lit;-,
1 1 2 Hz
iy'.U'
Hi
122
10**
109
1
107
109 Hi
i'1'4"
lbs"" i'16"
115
Oct '02
iin in
117 h
Ji"j\ :2i"
:
.123
\
Mav'ol
123
M
-
iV:i"..
-
1
in-
I
109
Hi
106=8
llOHiTD'Hl
1 1 6 Ha 3
M-N
i.;7\
s....
....
2....
123
1
142
'2
Hi
12s Hi
142'.,
1
139'-
L39\
lloV
I
Jan '02
....
FA
1
I
-Hi
«...
M-N
1
,
129 Sale
10SH.
14>4 Si
28
I0H1
-
'
29
L09
lllH>Al'i
'"'J
111
'02
1
M-N
M-N
M-N
M-N
L905 J-J
L923 A-O
M
<v
o con
J-D
r»s..
-
99
'2
9i"8
91 Hi
97
96
91
„
c'00
no Hi Apt
••«'.'
10H»
1
Oct *02
138%,
129
J-J
jChica
BON )),->— Continueil
Sale
104
102
on Next
i:;7H.142
1413s
-
86
9
i'ug»r
A-0
UOHi
102
ColA9tliAv,
111)
109
May'02
...
FA
Si
.
),
112 Hz
86
8s
<fe
--t
Apr '02
98
ity
L
1
si
30-yri
COD
98
Gnat
J'ne'00
m
tn1
.'1
,
Friday; latest price this week,
1
l'i
1 II
a Due Jan
"lis"'
'
>et.
d Due Apr
110
I
si
en.
1
ii",
1
e
1
22
II
1
Due May
<j
st
etls
s
BiKiit
g 5s..
1
99
,1
1
110
1
J-D
J-J
is
Gas 1st in
Due J'ne /iDuej'ly
Hi in
"'a
,V.-N
,1-N
1
I
12 7
103
mid Electric
Cioi
'02
H>
AC
•
\tlaiii
I
'
3
'
F-A
1919 J-J
J-J
J-J
IS.iv'Oi
Har*98
'
..
1
.
:
1
FA
icSt 40-JT
103
'•'
:
J-J
-
86*4
98
95
7
J-.l
Ave B
a
J-J
J-J
9 6 Hz
...
'02
J-D
A-O
.sale
.1995 M-S
.
lOl'o
FA
J-D
106
Ill's
Street linilway
]02
1905 J-J
5s 1943
Oct
1
M-N
FcV- Minn 1st gOa
J-.T
.No, Wi80onsii
St Fifc s City is! 2 6s. ..1919 A-0
ft
Hivaj'it 7th
r
51
.
.
Ch St
112 aApr'02
'4
4
107HiH0
'ii-
'02
117 Sep*02
Mny'02
115
L^H,..-.
J'.'i
194H>
112 '2 113=8 1121* Aug'02
J-J
J-J
lsl Is..
I
31
pi!-'
li(i»4
;
-
1
M-N
Gr Rapids
J-X)
Bums Hy Co J.si con g 5s. .1930 J-J
Market St C Ky lsl 68..1913 J-J
Met St Ky gen cui tr g 5s. 1997 K-A
D
Ft
ki,
.1910 J-.J
.1911 J-J
Oil St Liylst con 2 5s.
M&
Des
.i
101
1911
s
Aug'02
02
112'1
..
17
30
M-N
1987 J-J
h 1987 0.-J
X4s
42 106Hill3Hi
iilliSOKMiANKOIJS
Met Ky
C 4s
.s
'2
32 Hi 44 H2
90 Hj
'
119
Sale
J-J
1946 J-J
Registered
130 '2 132
J -J
6s...
L0934
'01
80
30
,
All Dn
Mobile Div 1st g 58
Centol N J 1st consul
General gold 5s
sep
80
2d n
3d pre! income g 5s
Chatt Div pur mou
Mid
121 34
108
Oct '02
.M-N
1st pre!' income g 5s
Mac A; Nor Im
108
122
FA
Cent
109'..
1
i
99 34 100
123 Hz
L23Hz
124 34 Mai 02
123 Hz Oct '02
,
J-J
J-J
Cull trust Series
107 34
H»
98'2l03H»
61 107
117Hz
...1924 J-J
General gold 4s
95
93
06 1-4
100Hz 103
11-1
....
'.i
J-J
.
Ki. &
oi Ga Rl
Registered
Consul gold 5s
Ri
l.-'i
1
,
123^ 123 '2
M-8
1st 2 6s..
tible d( u 5s
1
I
I
....
:
.
Cell
112
d
'
',
M-N
.'•
93
in
Sep*02
116
K'6'i
1
See
iidoS
la
Cen Branch U Plat g4B...1948 J-B
1 it
A[n '00
100HiAug'02
99 Hs loo
8.i 34
1
112Hz
'•
CedR
1
1
10S
FA
1907
1909
I
2d
i-ei
Ext A In,,
Ashland Div
Mich DiV]
'jo
Aug'01
luV"
86
9
83-\
102 34
I
M-S
1910 M-S
lsl 7s..
Paul
si
Wirii
Mil
lon'i
106
82 Hi 88
1
Miiv,
el)'02
Jan '02
lt)2HJ lo4'a
ii-;
120 Hz.
135
A-O
M-N
909 M-N
1921 A-O
19'-'! A-0
M-N
M-N
I
Carthage ife Ad
J-J
J-J
M-N
Q-P
L8
Dee
103
li-
:
.
16
105H»
100
98
103'v
103 3B
1
1
103
.
giati red
Eli
10
108 "2
I
Sinking fund deb 5s
-\uv'99
L03" j'ne'O!
123Hz
i.pr'02
190:
8t 6-1926 K-A
A
L8i
I
i
Carolina
J-J
J-J
J-J
J-J
J-J
J-J
1915
1902
Registered
Debenture 58
130H
12534 129
IIOI4
102 58 J"'ly'02
82 34
82H2
80 \ 80HsOct '02
83
80
J-J
r.n;;
stored
Debenture 5s
May'02
Aug'02
105
117
7s
ifc
M&
J-D
A-O
M-N
M-N
A-O
Sinking fund 6s... L879
L879-1929 A-O
Sinking fund 5s.. .1879-1929 A-O
vpr'97
130
J-D
l
102
99
1
g Os
si
i
gold 3H;S
jtered
M-S
115
117
120
121 J'ne'O]
105 3, 106 kj 105 34
103 Apr'01
113
113
103
103 Hi 103
....
99HsJ'ly'02
101 4 A]ir'99
4
(is...
Registered
Extension 4a
1
.
112
114
119
J-J
:
2 5,. ...1921
1.
I
Southwest See fine
& Susq u 1st g 6s. .1913 A-O
1915 A-O
Reg
ed
J-J
1st refunding % 4s
J-B
Bur Cedar i; .v. No lsl 5i
A-O
Con 1st A Col rust g5s.
Registered
1934 A-O
A-O
CK I F6
J-B
St B lsl
1908 J-J
Canada SouLh lsl 6s
2d 5s
1913
M-S
Registered
Carb A Shaw n nee 111 Cent
Buffalo
Buffalo
Sep
108
1
& Northw cons 7a
lie
i.ulil
l
Kne
See
l.rie
sen
Long
See
r
UoiiMii
lo7
& Minn DiV
101
tu
6s
1
•
Roch &
in-
i
Im
Lsl
\S is
89%
FA
May'02
Sep '02
120
'
J-J
J-J
J-J
78
1
96
i c it ii
nee ilUnoii
>
&
Bklyn
Brun
i.
gu g 5s. .1919
UK 4 'at
<S
So Mum Div
Sout
Q-J
Mouou Kiv
1st
Milifc No 1st
1st consul (is
98
971-2
Exten
89
I6i
112
114
-
1924 J-J
J-J
L910 J-J
6s
2
lst7s
.Mineral Point
sep'o
89
J-J
'as..
:;
I
89
.M-N
i
1
104
MS
Southw Div
Souassu
A-
I& D
97 4
97
.00
Apr '02
A-O
C0id4s
122
94>2
91 V
106
105
A-O Ill H>
1143s A112 02
I3
02
A-O
109 34 L08 34
109
M-N
L09H
M-N
98
loo Mar'02
M-S
'
Hast& D Div
Q-J
105
102
-i
Fai
J-J
Li igh,
Mar'02
Oct '02
•
IstSs
l
PBB A W
•_
series
&
|>at Creel:
!
98=s.
989 o-J
Genei
u
9
J-J
cl989 J-J
ClliO & L 8u Div 2. is. ...1921 J-J
J-J
liic -v MoRiv Div Os..
Chicife PacDiv6s
1910 J-J
Chic it P \V 1st g58
DJ2J J-J
Dak <t Gt SO 2 us
J J
97
94 34
95 34
a
114 '-Oct '02
117
92
105
'!
L05"4
"34l
-
94 -a Sale
M-N
General
I
1
Chic <fc St Boms isl .(Is.. 1910 M-S
..1946 J-D
Atl Knox it JS
Atlanta <fc Danv See South Ky
VadK 6'ec Soul
Atlanta &
Austin A N
.1
95 s ,
100 10534
'<
Oct '02
Ml
I
I
Stamped
Oct
Sale
1995 A-O
995 No\
Adjustment g 4s
1
,
.1
Registered
111
IlliC
nee Centol N
1st g 4s
Q-J
- 4s. ..1995 A-O
Ann Arbor
AtCh T &
113'-2
115
119V121
Joint bond.. See Great North
Debenture 5s
1913 Wl-N
Ban & StJos consul 6s. .1911 M-S
9iJ r 6
94
Low
4 112=8 115
114's
106
102
102
Illinois
109HjFeb'99
A/o
li i<i h
114 l s
Denver Div 4s
Biv 3HsS
1949
Registered
1949
IowaBiv sink fund 5s. .1919
si km 2 t and 4s
1919
Nebraska Extension 4s. 1927
1927
Registered
1921
liwestern Div 4s
Since
Jon mini 1
-.7
1939 M-K
1992 M-S
1992 M-S
Craig Valley 1st g 5s. ...1940 J-J
Biv 1st con g4s. .1989 J-J
2d consol g4s
1989 J-J
Warm Spr \T al 1st. g5s..l941 M-S
Greenbrier Ky lstgugls '40 M-N
Cluc& Ait RUs fund 6s. .1903 M-N
Refunding g 3s
1949 A-O
Railway 1st lien 3Hi8...1950 J-J
Registered
1950 J-J
Chic Bur & Q consol 7s... 1903
Chic& iowaBiv 5s
1905
111
1
J
A-O
A-O
Registered
General gold 4 His
Registered
02 Hi 102 Hz
111
102 aMar'02
111 Mar'02
126 Oct '01
1
112 34-...
M-N
Q M
M-S
L939 M-K
1st consol g 5s
Ask Low
Hid
J-J
J-J
Range
Week's
Range or
Last Sa te
Price
Friday
October 24
|
f
Ion i-xt
1
Erankiort-on-Muin 3H2S ser 1.. M-S
93k....
These are price s on the Oasis 01
V S of Mexico s g 5s 01 1899 Q-J
J li,ese are pr
State Securities
Alabama class A 4 tu 6
1906
106 34 108 x4
1906
Class 13 5s
Class C 4s
1906
101 34
Currency funding 4s
1920 J-J 107
L924 F-A L24H-.
Distot Columbia 3-65s
Louisiana new consul 4s.. 1914 J-J
Small
Missouri funding
1894-1995 J-J
North Carolina consul 4s. 1910 J-J 104
1919 A-0 131
6s
Bo Carol in; 4"h\s 2 40 " 1 9 3 3 J-J
Tenn new settlement 3s. .1913 J-J
98
J-J
Small
90Hi.
i.<8
Virginia fund debt 2 -3s. ..1991 J-J
J-J
Registered
6s deferred Brown Bros
l"
STOCK EXCHANGE
Week Endino October 24
Central of
J— Continued)
Am Bockife Imp gu 5s.. 1921
Be & Kud R gen gugos 1920
Leh & Wiiks B ioal 5s. .191-2
N. Y.
Since
High No Low Hiyli
110
1904
8 5s coupon
BONOS
Range
tie's
110
VS
VS
/iM91S
UiiSs cuupuu
U S 3s reg small bonds. .A.-1918
*7 S 3s cou small bonds. .h
/<1907
V S 4s registered
A 1907
TJ 8 4s coupon
1925
U S 4s registered
1925
U S 4s coupon
1904
V S 6s registered
TJ
.
Range
Ask Low
Bid
1
S
(I
Friday
October 24
N. Y.
II,
te
Due Aug
I
"-
Ms
Vl-N
1
lue
Nov jDue Deo (Option
I
20 Hi
sale
J
October
*
3
'
;
BONDS
I'rice
Y STOCK EXCHANGE
WIRE ENDING OCTOBEK 24
Friday
October 24
N.
116*4
107*a
& West Tnd gen 6801932 Q-M
A Weal Mich By 5s.. 1921 J-D
Choc ok A a gen g 5s ...ol919 J J
Cln H & D consols! 7a... 1905 \ O
1037 J2(1 gold 4*98
Cm & I 1st go E 5S...1941 M-N
sr
Ohio
C
L
st
I
Cin s
cfe
C
See
See
ift
C
cfe
CCCstL
St
Cm
W
W
1st pf 5s...eU938
Indcfc
Peocfe East 1st con 48.. .1940
Income 4s
81 Lor
cfe
111*2 Dec'01
113 Oct '00
114 34 J'ly'02
114
Wh con 1st
1
lliqh
4 117''| 1 19
109
105
lt'9
111
1
-.
11334 115'-
1011.) Sale
1013^
101*4
101*2 Oct '02
100*4.
103*4.
J-D
100
103
103
100
83
J-J
J-J
M-N
M-N
MS
J-J
Sep'02
Oct '02
Oct '02
J'ne'01
Nov'99
M-N
104*2 102
102
Q-F
Q-F
J-J
134
J -I)
J
J
8
-D
J
Oot
'02
114*2 Sep '02
114=8.
133 *2.
J-J
Jan '02
May'02
138
104*2 Nov'01
A-0
Q-J
99
77
112
A-O
99
Sale
n^.
78
82
93
102
82
98
72
<fl
127'2 128
J'ne'02
82
9234
82 \
82
91
93^
8634
97
cfe
Term
cfe
Syr Bing
improve 4s
NY
<fc
1st 7s..
13584 Sep'02
134 'a..
Sep'02
Oct '98
137
140
133
XV 1st 6s.. .1921 J -J
<fe
1923 FA
1923 M-N
1900 A-O
'a
117»8 120i
135 138
137 141
117 >.» May'02
114*4..
132*a..
Morris* Essex 1st 7s. ..1914 M-N
1915 J-F
1st consol guar 7s
Registered
1915 J -P
lstref gu g8*28
2000 J-D
132-,
Sale
1331*
115*8
102
112
J'no'02
143
149
113
122
106
132*8 137
1151811X1,
102 105 12
112 117 3
115VAug'02
104 34
112 Sale
J'ne'02
113 5
<
,,
WirrrenlstrefgngS^s^OOO F-A
Hud
Pa Div
1917
Registered
1917
All) & Sus 1st con gu 7s. 1906
Registered
1906
1900
Guar gold tis
Registered
1906
Del
cfe
1st
7s.
Renscfe Saratov 1st 7s. 1921
MS
M-S
A-O
ibl"'*";!
A -O
A-O
A-O
1
i.45"
M-N
1921 M-N
Registered
Del Kiv RR Bridge See Pa RR
Denvcfc R Grist con g4s. 1930 J.J
Consol golri4V>s
1936 J-J
Improvement gold 5s. ..1928
Rio Gr So gn Sec Rio Gr So
Den & S West gen s f g 5s 1929
Des M oi cfe Ft D See C R <fe I P
Des M cfe Minn See Ch & N
Des Moi Un Rv 1st g 5s. .1917
Det M cfe To See L S & M So
Det & Mack 1st lien g 4s. 1995
.
101
J'ue'99
Oct
1
S
'02
Feb '02
147H>J'ne'02
147 Hi J'ne'02
101
101^
108 >2 Oct '02
Salo
109
110
1
Aug'01
Aus'02
110*2 110
Oct '02
89
J-D
Aug'02
J-D
W
Feb '01
111
M-N
113
Gold 4s
2d 6s
Dnl So Shore
M
M-N 115
M-S 110 38
M-S 11338
A-O 116*e.
M-S
MS
1391,
9 9 4 Sale
J-J
J-J
J-J
J-J
"
Penncolltr p 4s...
93 6 Sale
1951 F-A
BuftNY<fe Erie 1st 7s.. 1916 J-F
Buff cfe S
gold 0s
1908 J-J
Small
1908 J-J
Cluccfe Erie 1st gold 5a. 1982 M-N 123
123*2
Jeft RR 1st gu g 5s....t»1909 A-O
Long Dock consol g 6s. .1935 A-O
Coal& RR 1st cur gn 6s. 1922 M-N 116*2.
Docket Ini|> 1st cdr 6s. .1913 J-J
cfe Green L gu g 5s. 1946 M-N
Mid RRofNJ 1st g6s. 1910 A-O
W
NY
KYSttsA
W 1st ref 58.1937
2d gold 4S.S
1937
General gold 5s
1940
Terminal 1st gold 5a.. .1943
Regis $5,000 each.. .1948
Will;
101 102*2
92*2 95*2
84*2 8734
92*2 95*2
112 58 H5
& Ea
1st
F-A
F-A
108*2.
114*2.
M-N
M-N
gng5a.l942 J-D *112
1st
123
106
Oct
114
121
'02
Aug'O'i
137*4 J'ne'02
11634 Sep '02
118'oApr'O
109 Oct '98
11 483 Aug'02
103
108
110
114
'02
Apr'02
Oct '02
Oct '02
114
121^J'ly'02
110 Aug 02
07
91
130
96
133
123
10334 100
136*4 137*4
116 34l21
118*2 1181-
114 B8
114
102
107*8
110
H8
118
103
110*2
116*2
112*2115*2
115
M
May'02
114
116
cfe
. .
1 ;
J-J
Oct '99
Nov'00
110
8
116"
ii'434'
Mav'Ol
Nov'98
127*4 Aug'02
124 Sep '01
104 5a Apr'02
104 58 104^8
06 34 J'ly '02
10634 io*6 34
124
90
*2
1
127*4 131
1951
ioi*' Mar'02
107*2
107*2
Sep
108
101
'02
102 34 Mar'02
123*2 125*s 126*4 s '-p '02
100 Oct '02
99
75
71
71
118*4
11 7*2 Oct '02
96*2 9 0*2 Aug'02
104*2
105 58
109
102 34
121*2 127
98*2103
80
71
116 119*4
97
95
100
10]
K C&MRcfeBlstgug5s.l929 A-O 107
Kan C Pacific See M K T
69 34
Kan City Sou 1st gold 3s. .1950
•
cfe
Registered
1
Kentucky Cent
Keok cfe Des Mo
See
See
L
C
cfe
R
N
I
70
69 34
03!4Oct '00
Sale
950
cfe
01
68^ 74
P
W
119
121
118
120*2 1201-2
118*4 Oct '02
120*4 123
110 118*4
112*2 11 34
111
115
108*2.
109
113
118 3 8 J ne'02
109 112
109*2 109*2
118% 120*4
107*2.
109*2 Oct '99
108*2 Sep '02
108*2108*2
Sep
'05
110*2 Feb'02
1
109
09^ J'ne'02
97
J'ly'02
96*2.
110*2
109
'WW
ioi*8Sep"'99
Leh & Wilkesb See Cent of N J
Leroy & Caney Val See Mo P
Long Dock See Erie
Long Island lstcong5s.ftl931
/(1
118
117*2
ib'2*
102
103
100
101
111
1938
1922
1932
Unified gold 4s
1949
Debenture gold 5s
1934
Bklvncfe Mont lstg6s.. 1911
1st 5s
1911
N Y B cfe M B 1st con g 5s 1935
N Ycfe R B 1st g5s.....l92
Nor Sli B 1st con g gu5s ol9:
Louisv cfe Niishv gen g 6a. 1930
Gold 5s
1937
Unified gold 4s
1940
Registered
1940
Coll trust gold 5s
1931
Coll trust 5-20 g 4s. 1903-19 Is
Cecilian Branch 7s
1907
E H <fe Nash 1st g 6s
1919
L Cin cfe Lex gold 4*2S... 1931
100 7
;.
i06""i08
i
NO
NO
cfe
cfe
117*2122
118
931
General gold 4s
Ferry gold 4*28
Gold 4s
119
114
101
119*2
....
Oct '02
May'02
Oct '00
Oct '02
Jan '02
109*2J'ne'01
112 Mar'02
112*2 Jan '02
112*2Apr'02
1 1 9 *2 Oct '02
115
115
101 34
101*2 101
Jan
100
115*4 Sale
97*2 99
M 1st gold 6S....1930
M 2d gold 6s
1930
NYGELHcfcPg
J-J
95
F-A
'02
Ho
115*4
l
4
99
99
106
115
103
99
103
111
111
112 118
112*2112*2
112*2114*2
11834 122
115 117
10038l03 34
100 100
115 116
98 101*2
Dec '00
May'02
Jan '98
130*2 Feb '02
124 s8 Apr'0 r
127*2.
101 34 104*4
103 104
114*2116
128*2 130*2
124=8
122
Page.
97
104
Sep
'02
May'021
M-S
116
J-D
F-A
A-O
A-O
118
OI*-,
I0734
A-O 120*2 123
J'ne'02
Oct
118
118
&PG
PeoGascfcC
E
cfe
1st
J-D
F-A
M-S
J-J
F-A
121 124*.
97
99
107*2110
95 34
95
113
95
gu g6s.. 1904 M-N 104*8.
1904 J-D 104*8.
1943 A-O
1947 M-S
ChG-LcfcCkelstgng5s 1937 J-J
'01
111*2 Oct '02
94*2
95
105*2
105*2 Oct '02
121
Sale 121
121
10578 106*8 Oct '02
94
g"5s.l949 M-S
2d guar gold 6s
1st con gold 6s
Refunding gold 5s
Dec '00
121 Oct '02
95 . .
97*2 Sep '02
LacGasLofStLlst g5s.el919 Q-F 108*2109*2 108*2 Oct '02
Milwaukee Gas L 1st 4s. .192 M-N
95 J'ly'02
" No price Friday; latest bid and asked this week, a Due Jan
*
5s. ..1948
Purchase money g 4s... 1919
Ed El HI 1st conv g 5S..1910
92*2 99*2
1st consol gold 5s
104
104
1995
NYcfcQElLcfePlstcong5sl9;;o
Paterson
J-J
*
Has nnd Electric Light
Mnt Fuel Gas Co See Peop Gas
Newark Cons Gas com g 5s 1948 J-D
cfe
1
103
O8I4IOI
98*4 Oct '02
1951
1951
31ISCELLANEOUS BONDS—Continued on Next
Oas mid Electric Lisht
Ch G L C Co Sec P G C Co
Colum Das Gas 1st g ;>s
1932
Conn By <ft L See Street Ry
Con Gas Co See P G cfe C Co
Detioil City Gas g6a
1923
Det Gas Co con 1st a 5s. ..1918
Ed El 111 Bkn See K Co E Lcfe P
Ed K Hi See N Y G cfe E L H cfe P
Eq G LN Y 1st con g 5s. .1932
Eq G cfe Fuel See F G & C Co
Gas cfe ElecBergCoc gos.194;
Or Rap G L Co st g 5s. 1 9
K C Mo Gas Co 1st g 5s.. .1922
Kings Co El Lcfe P g 5s.. .1937
Purchase money 6s
1997
Ed El II Bkn 1st Con g 4s 1939
87*8 87*2
fl
J'ne'02
g 5s. 1930 A-O
98 34 101*4
100
110
1 >
112
Evcfe Ind 1st ton •rug 6s.. 1926 J-J
Fargo cfe So See Ch cfe st P
lint cfe Pere M
See Pere Mar
Lb£'>aios*£
'02
.
122
NY
121*2 126*2
108i 8 112
112 112
-
113*4 116
Kll"sl04 58
98 34 Sep
109
1st g4s...l951
1st consol gold 4s
lU'aOct
J-J
Erie <fc Pitts See Pum Co
Evan-; cfe T II 1st cons Cs.1921 J-J
1st general gold 5a
1942 A-O
Mt Vernon 1st gold 6s.. 1923 A-G
SullCo Branch
94
Oct '02
05 34 106
103*2 106
101
N
8
92
130
1
123 May'99
87*8 May'02
98 34
Knoxville cfe Ohio See So Ry
T ake Erie cfe
lstg 5s. .1937
1 1 2d gold 5s
1941
111 115
North Ohio 1st gug 5s. .1945
LSho cfe Mich S See Y Cen1
Lehigh Val (Pa) coll g 5s. 1997
112»8 115
Registered 5s
1997
Leh Val
1st gug 4*28.1940
115^.118
Registered
1 94
Leh V Tex Ry 1st gu g5s.l941
L18<>f, 122
115 116*8
Registered
1941
117 12134 Leh V Coal Co 1st gug 68.1933
1085 109*4
Registered
1933
137 142
Leh & N Y 1st guar g 4s.. 1945
136 139
Registered
1945
98 102
El CcfeN 1st gist pf 6s. 1914
Gold guar 5s
98% 98*2
1914
84 4 90
Leh cfe Hud R See Cent of N J
99 L4
99 ] 4
98 ^ J'ly'02
34
86><>
85
"8 5=4 Sale
Aug'02
M
l)9 1 4
.
107*4 112
109
M
Apr'02
Oct '02
Jan '02
37iuSep'02
36 Sep '02
110
117
.
107
137
J-F
97*4
10458 106 34
99
116
1
May'02
1
1 '<i
104 s h Mhv'02
Chic St Lcfe N O g 5s. ..1951
1951
Registered
Gol(I3'2S
9
Oct '01
102
104*2 Oct '02
106
f
II914 J'ne'02
.
lioU4
112
104^ Aug'02
1.
J'ne'02
118
.
92*-3
109*2 112
113 '4 Oct '02
113*uMar'00
104*2 Mar'02
102*2Apr'98
:l
Sep'02
114
114*2.
M-N
106*2
116*2
102
112
96*8 371
ioi" ibo" 106
St L Sou 1st gu g 4s. ...1931
rnd Bl & West See C C C & St L
106 109
1935
Ind Dec cfe Wist g 5s
ll] «1113
1935
1 st guar gold 5s
1471-jlf.l
1950
Ind 111 cfe la lstg 4s
147 >a 147% Int cfe Great Nor 1st g 6s.. 1 9 9
1909
2d gold 5s
31 99*2104%
3d gold 4s
1921
IO8I2H2
Iowa Central 1st gold 5s. .1938
109 113*4
Refunding g4s
1951
Jefferson RR See Erie
84*2 91
See L
Kal A cfe G R See Tol ScfecfeO S
an & Mich
C
K C Ft S cfe
See St L cfe S F
'02
115
J-J
108 34
11534
113
1916 J-J
cfe Atl
g 5s.. 1937
cfe M
Ij^ast of Minn See St F
Jast Ten Va cfe G a See So Ry
Elgin Jolcfc East 1st g 5s. 1941
Elm Cort & No See Leh cfe N Y
Erie 1st ext sold 4s
1947
2d ext gold 5s
1919
8d ext gold 4 *28
1923
4th ext gold 5a
1920
6th ex t gold 4s
1928
let consol gold7s
1929
consol g fund 7s
1st
1920
Erie 1st con g 4s prior. .1990
Registered
1996
1st consol gen hen g 4s. .1996
Registered
199(1
108 34 Sale
1923
1st 6s
1st g 4s. ..1932
Bellevcfe Car
CarbcfcShaw
Registered
93 H Aug'02
85 34 Oct '02
94 Sep '02
114 J'ly'02
85 *2 87
91 »a 94
Det Sou 1st g 4s
Ohio Sou Div 1st sr 48...1941 M-S
Dulcfe Iron Range 1st 5s. .1937 A-O
Registered
1937 A-O
95 34
LN
cfe
102^ Oct
101*2103
Sep
Sep
Sep'02
Salo
96
1951
1951
1951
195]
1st gold 3s sterling
1951
Registered
1952
Coll Trust gold 4s
1952
Registered
O &Tex gold 4s.... 1953
1953
Registered
1950
Cairo Bridge gold 4s
Louisville Div gold 3*23.1953
1953
Registered
1921
Middle Divreg5s
1951
St Louis Div gold 3s
1951
Registered
G0M312S
1951
1951
Registered
1951
Spring Div 1st g 3*2S...
Western Lines 1st g 4s.. 1951
1951
Registered
Meniph Div
144
I
J-D
1995 J-D
1951 J-D
'..
87*a
'02
'02
103
112
112
111
111
Registered
1st gold 3'2S
Registered
Registered
*I12
on
106
87 34 Oct '02
Illinois Central 1st g 4s.. 1951
W
79
128
83
1
It!
1
W
II4I2H6I2
Sale
114*4
111*4
<
116i4 Aug'02
1223s.
& Waco See M K T
Lack* Western 7s... 19ii7 M-S
Construction 5s
A
S
1
Sep 00
iO6*2FeD'02
105
Mar'98
115
88
114
Istg3-4s.l928
See So Pac 'o
I
'TalHA 11 of 1 882 1 st 5s 1 9 1 3
Ga cfe AlaRv 1st, con 5s. .01945
;,i Car <fe NO 1st gu g 5s. .1929
9s 100 104« (ieorgia Pacific See So Ry
6
101 1-102
See So Pac Co
(iila V (i cfe Nor
100 10334 Gouv cfe iswegat See N Y Cent
10218 10 1:') <;raud Rap cfe Ind See Pen n RR
103 103
Gray's Pt Term See st L S \V
Gt Nor— CK,HJ coll ti-ls 1921
Greenbrier Ry See ('lies & o
Gulf cfe S 1 1st ref & t g 5s 61952
102 106
See
Han cfe St JoSee N C B cfe Q H
Y N H cfe
ousatonic
11338 li5io Hock Val 1st consol g 4 *2S. 1 999
1999
134 ^ 134 h
Registered
Col cfe H V 1st ext g 4s.. 1948
138 138
Tex See So Pac
II oust E cfe
HoustcfeTexCen See So Pac Co
Col Conn cfe Term SseN&W
Conn <fe Pas Rivs 1st 2 48.1943 A-O
Dak & Gt So See C M & St P
N Y Lack
W
cfe
January
High No Low High
100
'a
EtW&RioGr
Har
=»::?
]()3 34
106
.
1990 Apr
g 5s. 1933 A-O
alias
A SlC Low
104 34
FlaCen<fe Pen 1st g 5s. ..191 s
1st land gr ext gold 5»..1P30
1943
Consol gold 5a
Fort st D D Co 1st g4*38.1941
cfe Den C 1st g 6s.. ..1921
Ft
al
or
Last Sale
October 24
Hi ft
/.<>"'
Juinge
Since
FT'eefc's
Range
Friday
I
lev cfe Marietta SeeFenn RR
Clev & Malum Val g 5s. ..1938 J-J
1938 Q-J
Registered
Clev cfe Pitts See Fenn Co
1947 J-J
Col Midland 1st g 4s
Colorado & Sou 1st g 4s.. .1929 FA
Colum & Greenv St* So Ry
Col cfe Hock Val Sec Hock Val
Del
Price
STOCK EXCHANGE
Week Endino October 24
N. Y.
<
BR*P
cfe
WWVal
O
117
Apr'02
14*2 May'02
117
893
2
BONDS
ae
January
Huh No
L
Mali Sec
Chic & St Louis
Cleveland
1993
Geueral g 4s
ro DtT 1st gold 4s.. ..1939
Cin Wcfe M Dlvlat g 48.1991
St L Div 1st col tr g 4s. .1990
Registered
1990
Spr* Col Div 1st g 4s. .1940
Div 1st g4s... 1940
C I St Lcfe C consol 6s. .1920
fcl930
1st gold 4s
&1936
Registered
Cin 3 cfe CI con 1st g 5s. .1928
1914
CCdfe T consol 7s
1914
Consol sink fund 7s
General consol gold 68.1934
19:: 4
Registered
1st pref 48.1940
Ind Bl cfe
Oleartield
I
)i
since
109
1
1")
I'n
Last Sale
Ask Low
Hid
CCC
Weeic's
or
Range
5
.
Bond Record— Continued— Page
25, 1902.]
Chic
1
Con G Co of Ch 1st gug 5s. '36
Eq G cfe F Ch 1st gu g 68.1905
Mu Fuel Gas 1st gu g5s.l9 17
Trenton G cfe El 1st g 5s. .1949
117*2.
110
J-D
J-J
M-N
M-S
i'0'2*
mica E L cfe P 1st s f g 5s. 1950 J-J
Due Feb d Due Apr e Due May h Due J'ly A; Due Aug
lll*2ll6»4
94*2 98*2
105*2 109
120 121 34
104*2 108*3
104
J'ne'02
104
104
120
103
105
105
104
120
Dec'OS
109
Sep '02
Apr'02
105
109
104
106
126
Feb '01
106
L09
no
117 34
108 lo 111*4
107 4 109*2
102*2 105
10 105 106
!
.
Due Oct
9
Due Dec
s Option sale
—
1
1
1
%
'
1
Bond EeCOrd— Continued— Page
894
BONDS
liiu.
75
113
100
99
Si
iil%
.115
SJsN
Ala con gu g 5s.. 193(5
1910
Sinktund sold 6s
.left Bdge Co gug4s.. 1945
L.N'AA Cli See C I & D
*ii"i
"98
L&
125% 127%
75
77%
J'ne'02
-M S
See
auhattan Ky consoUs.1990
1990
Registered
1908
MetropolKl 1st g 6s
1934 J-D
Man S
Coloniz g 5s
W
McK'pt & B V
See
NY
112
112
J -J
J'ly
J'iy
Registered
104
Sale
103 34
iii"
80 *8 Sale
80%
28
28% Sale
18
29 k
18% 10
18%
19
55
79
81
FA
M-S
J-D
97% Sep '02
90% J'ly '01
97
Iowa Ex lstgold 7s
1909 J -I)
lstgold 6s. ..1921 A-0
South West Ex 1st g 7s. 1910 J-D
1st consol gold 5s
1934 M-N
1st and refund gold 4s. .1949
Minn & St L gu See
M&PlSt5sstpd4sintgul930 J-J
& A 1st g 4 int gu 1926 J J
SS
MStP&SSMcong4intgu'38 J-J
Minn Un See St f JYL
Mo Kan & Tex 1st g 4s.. .1990 J-D
2d gold 4s
#1990 F-A
lstext gold 5s
1944 M-N
St L Div 1st ret g 4s. ...2001 A-O
Dal & Wa lstgu g 5s.. .1940 M-N
Kan C & Pac 1st g 4s. ..1990 M-S
M K & T oi T 1st gu g 5s. 1942 J D
Slier Sh <fc So 1st gu g 5s. 1943 F-A
Ex
BCR&S
MS
M
-
&M
.
1st 7s. ..1903
Mo Istexg4s.l93s
102% Oct
99% Sale
83
Sale
107
90
9
Apr '01
99%
83
106
86
106
91
993*
83
Oct 02
Oct *02
Sep '02
Oct '02
113
106% 105%
95
101
105
112
MS
'02
Oct '02
Sale 123%
124
106% 105% 106
114
Sale
106
Oct '02
May'01
Aug'02
Oct '02
113% 114
93
100
105
lit
114
:!
.i
J'ly '02
92%
Sale
no
-
M
Nov'01
109% 109% Oct
93%
-
.1
1
'02
'02
105% 105% 105%
105% J'ly '0',
I
.
J'ly '00
Apr '02
".:
Sale
J'iy'02
102
130
130
Sep '02
IV 7
)
93
'02
'02
Sep
91 Oct
101%J'ne'02
ii*
L
.i
N YC&
Mohawk & Mai
36%
25%
J
See
U
Monongahela Kiv See B & O
Mont Cent See st r M & M
Morgan's Da & T See S 1' Co
Morris & Essex See Del L <& VV
Cliat& StLlst7s.l913
127
Sale
113%
1st consol gold 5s
L92e
Jasper Branch 1st gds.. 1923
Al 1st 6s. .1917
191'
Branch 1st 6s
Nash Flor Shot See D & N
Nat of Mex prior lien 4 %s. 1 926
1951
1st consol 4s
127
12"
113%
ll:'.%
113
116
111
McM MW&
T&P
&
New H & D SeeNYN Hdc h
N J Juno KK See N Y Cent
New & Cin Bdge SeePennO
NO&N K prior lien g 8s pl915 A-0
N Y Bkln & Man Bch See L
N Y Cent* 11 K 1st 7s.. .190;; J J
100%
70% Sale
l)ec'99
J'ly '02
101
101
76 7b
Dec'99
76 34
98 58
Kegistered
1903
1997
Registered
1997
Debenture 5s of... 1884-1 904
Registered
1884-1904
Registdeb 5s of... 1889-1904
Debenture g 4s
1890-1905
Registered
1890-1905
Debt ceits exl g 4s
1905
Registered
1905
Lake Shore coll g 3 'as.. .1998
Registered
1998
Mich Cent coll g 3 "as.. ..1998
Registered
1998
102
v3ep
s
101 '»
M-N
M-N
F-A
F-A
F-A
F-A
Beech Creek 1st gug4s. 1936 J-J
Registered
1936 J-J
2d gu gold 5s
1936 J-J
Beech Or lis t Dstg 3 %* 6195D A-0
Cart& A4il*t£i»R 4.»...198'1 J-D
Clearf BitCoal'lsts 14s. 1940 J-J
Gouv<fcOswelstgug5s 1942 J-D
Moll & Mai 1 st gu g 4s. .1991 M-S
IncomeSs
1992 Sep
<fe
Tel
Jan '02
100%
104% 108%
101% 105%
J'ne'02
93% Sale
92" '94'
X Y&R B
105--4
105
New
N \-
109%
92%
93
93
97
129
127
97
114
%
102
132
116
Oct '99
114% Apr '02
110%
106%
110>
107
J'ne'02
No price
(
220
Jan'00
114
M-S
M-S
103
103%
1033s
103\
101%Nov'98
106%106 78
Ik'"
116%Mar'02
A-O
A-O
1
134
ioi"
101% 105%
1
',
136
135%
100% 104%
100% 100%
.!
lul
100% Jan '02
93 78
16%116%
135%
133
L32
134
ng'OS
100 34
Sale
:,
i
95
92
94
107% J'ly '01
106%
102
Sep
101% 104%
'02
103 % Sale
103%
103%
103
Q-F
Q-F
"V^Sale
102
73 58
102
74
102
72- 8
72
J-D
100%.
102%May'02
Q-J
72
Apr '02
L32
127**1
129%
i2l"i22""
Aug'02
112%
110
100
94% Feb '02
7% Oct '02
'.j
75
102%
J'ly'99
i.pr'02
100
106%
105%
75%
100
127*
115
110
UK)
Oct '02
100
94% 94%
119%
11
112%J'm-'01
108% J'iy '02
113
101
100
109^.
1st a fund g4%s.. 1917 A-O
Sink fund subsidy g 6s.. 1910 M-N
1921 J-J
Registered
1921 J-J
Guar 3%s coll trust reg.1937 M-S
Guar3%scoUtr ser B...1941
A-O
C St D <fe P 1st con g 5s
Registered
1932
C1& Pgengug4%sserA.'42 J-J
Series B
1942 A-O
Series C 3%s
1948 M-N
Series D3%s
1950 -A
Erie & Pitts gu g 3 %s B. 1910 J-J
Series C
19 In J-J
C Bdge gen gu n 4 %s 1945 J-J
101 38
106 3
4
104 B
8
109%
93
101
lo'.l
Oct
J'ly '02
121
12%
Oct '00
102
102%
%102
% 113%
!
Nov'98
Oct '02
102
98
123
98
lol
Nov'00
97%
99
122% 123
I''
'
93
109%114%
113
'02
101
.
AO
101%lOl 34
100 4 100%
100% 1016b
112
110
108
102 Apr '02
109%
110% J'ly '02
.
N&
PCC<fcStDgu4%3A...194H A-O
98
B
1942
1942
1945
1949
a
C 1st 7s.. .1912
1912
A-0
M-N
M-N
/tl»12
96
guar
C guar
D 4s guar
E 3% guar
W&
RR
1st real est g4s. 1923
Consol stei ling
.1906
95
LI
MM
Series
Series
Series
Series
Pitts Ft
112-',
114% 116%
5% J'ne'02
112
,
112
115%
97
o,t '02
97%
llt>%Feb'01
106 34 Xov'01
97% J'ne'02
F-A
J-J
J-J
127 »a
1 87 "8
Oct '02
130 Apr'01
110% Mar'02
127»b132
12s% 131%
r_7',
A-0
110%110%
J-J
Warrants conv 3%8 50 u paid
Con currency 6sreg...0l9O6 Q-M
Consol sold 5s
1919 M-S
109
Sale
108%
110% S57 103%il2J|
on Next Page
Coal mid Iron
103
106%
I Co gen s
4 103
103
g 5s.. 1943 F-A
Convei tibll
.1911 F-A
99 616 93% 111%
100% 100%
98% Sale 96%
De Bardel C & I See T C & 1
108 115
115 J'ne'02
Gr Riv Coal <fc C 1st g 6s.. 1919 A-0
107 May'97
114%114% Jet) & 01earC<& Ilstg5s.l920 J-D 101
97% 100%
Col F
&
I
.
C
1926
C
1st sfs5s.l951
Pleas Val Coal 1st ga 58.1928
uui ni 5s.l946
Booh<S Piti 6
KanA:
II
<fi
H0%
109*8
105 loO'i,
i
i
.mi coal TDjvlstg6s.ol9L7
so
J-l)
.1
.1
J-J
110% 115
a Due Jan o Due Feb
|
iV
Aim -r
5
rtebeu
Am
«
Bioyole a
Cot Oil 6X1
Due
i
>>
i
106%
M-N
....
107% 111%
1
107
\
los
107% Ocl '02
110%
10% 110
L06
103
32
l-vii'oo
LU
101%104
I
Jan
U8
'00
Industrial
Tlnnulnctnring
1
1O0
i
Birm Div 1st consol 6s. .1917 J-J
-i
1922 J-D
Call <' M CO
De BarC<8 Co gu g Os.1010 F-A
VVli L E& PC Co Istg 5s. 1919 J
110% 113%
May'97
loo', Feb '02
'00
0<
L06
ioi"
.1
Friday; latest bid and asked this week,
04%22 >%
106% Mar'02
I
Nov'00
110%Aug*02|..
10G\106 sa
W
i
111
1H4% 108
135% 135%
...
to Mn
ao of Missouri
2d gold 58
106
108
108
12
W
113 l4 Oct'01
no% Sale
121%
135% Jan '02
J-D
F-A
100
RegiSti led certilic's._1923 Q-F
Paul & Dul 1st 5s. ...1931 F-A
118%
St
2d 5s
1917 A-O
91
91
1st consol gold 4 s
100% 101%
1968 J-D
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6S..1933 PS 116
Nor Ky Cal See So Pac
Nor Wis See St P M & O
Nor & Mont See N Y' Cent
&
See C
&
OIndRiver KK 1stC C5s. St L J-D
hio
125 34 129
1936
g
General gold 5s
1937 A-O
113 110
Ore & Cal See So Pac Co
RR & Nav See Un Pac
Ore
116 110
Ore Short Dme See Un Pac
Oswego & Rome See X Y
100 104
O C F & St P Sec C & N
1946 J-D 112
75% 81% Pac Coast Co 1st a 5s
128%
107% J'ly '00
110% Dec '01
Oil
4
207
102
C joint 4S..1941 J-D
Kegistered
199
General lien gold 3a
a
Registered
a2047
CB&Qcolltr4s 6'eeGtNor
StPaul-Dul Div g 4s
1996
Registered
1996
St Pit N 1' gen g 6s. ...1923
95
Penn
1
1
118%127%
113% 114%
229 % Sep '02
220 J'ly '02
104%...
Scio V & N E
104% 107 %
114 116% North Illinois See Chi & N \V
112% 120
North Ohio See D Erie & \V
114 114
Nor Pac— Prior lien g 4s.. 1997 Q-J
.1
Apr '02
121
Dec '01
100
220
I
Cleart Bit Coal
Col C <fc 1 Dev Co gu S 5s. 1909 J-J
Col Fuel Co gen sold 6s... 1919 M-N
1
108 Sep '02
104 34 104 % 104 34
105 106 58 Sep '02
J-J
J-J
1922 J-J
g 5s
1st gu g 4s 1989 M-N
Coal anil Iron
Cah Coal Min see T C I
& R
See N Y C &
108
104
M-N
CC& T 1st gu
115
95
121%Mav'02
118% Oct '02
113 34 Jan '02
119%.
MX
F-A
A-0
t:i;ir,
C&
Pocah
4 Si
100% Apr '02
100% Oct '00
1
A-O
3d 7s
02
130
115 78 May'00
.120
P-A
2d7s
1
132%
128
127
Wl-N
exl g 6s.
River 1st g 68
\V Ry 1st con g 4s
Registered
109
91% 95«8
93
1 1
Registered
Erie T & T col
1
A-O
A-0
1941 M-N
&
Improveni't
126
93% Sep
106
118«sDec'01
128 J'ne'02
127 J'ne'02
110 Lec'O]
106%Nov'0ti
128
Island
1
92% 96%
93
97^
97% Aug'02
.
Dons
See
109% 113% Nor& South 1st g5s
110% 11', Norf<& Wist Lceng6s
93 '4
93%
92 % Oct '02
94
94
4s 1929 J-J
2397
tr g s f 5s.. 1926
MetT& T 1st s f g5s
1918 M-N
Mitt Un Tel Co See Westn Un
N Y & N J Tel gen g 5s. .1920 M-N
No Westn Teleg See West Un
West Union col tr cur Ss.1938 J-J
Fd and real est g4%s... 195o M-N
M ut U n Tel s fund 6s. . 1 9 M-N
Northwestern Tel 7s
1904 J-J
123 34.
Si'S& W See Erie
N Y Tex & M See So Pac Co
lOO'sXov'til
1st g 4s. .2397 Q-J
coll tr
1
YO&
lou%104
101%103 34
Telegraph and Telephone
Conim Cable Co
1
Convert deb certsSl.OOO
Small certs $100
Housatonic R con a 5s.. 1937
N H & Derby con g 5s. 91 8
98 101%
N Y & N E 1st 7s
1905
lst6s
81% B7%
1905
103 108
N Y & North See N Y (J <& H
Wref 1st g 4s..»yl992
85% 88% N
Regis §5,000 only
102 106%
#1992
N Y & Put See N Y C & H
88% 92
103 34 Aug'02
101 4 Oct '02
109% Sep '97
100»4 Oct '02
1
146 38Apr'01
.
<fe
MISCELLANEOUS BONOS— Continued
Am Telep
.
<fe
H»%109
-D
127^127%
127%Feb'02
140
114
114
<fe
10s%Aur'02
M-S
M-S
J-D 101%.
J
'02
Feb '02
107%
106% 109%
1U4
1951 M-S
R W & O T It 1st gu g 58.1918 MX
Utlca<fe Blk Rivgug4s.l922 J-J
N Y Chic St D 1st g 48.1937 A-O
Registered
1937 A-O
147%147% N Y & Green w Dake See Erie
118 121
N Y & Har See N Y C & Hud
126% 129% N Y Lack W See DLAW
121 121
N Y L E & W See Erie
120% 124% NY& Dong Br See Cent of N J
102% 106
N Y N E See N Y N H H
N YNH&Har 1st reg4s. 1903 J-D
10178 Oct'02
101
J
I
114
11
1
.
ik
'02
'02
Oct
106% 106% Oct
110%Mar'0(l
Penn Cogulst g4%s
-J
.1
104
Panama
J-J
.1
L&S Istg 3%s
N Y & North 1st g 5s. 927
R W&Ocon lstext 5s. A1922
Oswe & R 2d gu g 5s...el915
I
Gold mortgage 3 %s
5 %
104% 107 78
Sale
Bat C & Stur lstgu g3s.l989 J-D
N V & Harlem g 3%s...2000 M-X
Registered
2000 M-N
.
1
W
Oct
103
98
i
I
121
97
2d extended gold os... lit.J
Sgen Con g5sl931 A-0 1 4
Gen con stamp gtdg 5s 1931 A-i
;i2
Unified & ret gold 4s. 929
J
101)
Verdi VI &
1st g 5S.1926
Mob <fe Birm prior lien g 5s 1945 J J *112
Mortgage gold Is
1945 J-J
Mob Jack & K 1st g 58.1946 J-D
Mob & Ohio new gold 6s. .1927 J-D 130
1st extension gold 0s..A1927 Q-J
General gold 4s
1938 M-S
Montgom Div 1st g 5s. .1917 F-A
StL& Cairo coil g 4s..el930 Q-F
Guaranteed g 4s
1931 J-J
& O coll Is See Southern
M&
J'ne'02
.
M- S
M- S
A
J-J
k-a
'02
129% Aug'02
121 Jan '02
.
-
\
118
.
J-D
A-O
M-N 113
M N 124
F
147% Jan
.
-
Mo K & E 1st gu g 58
1942
Missouri Pacitic 3d 7s
1900
1st consol gold 6s
1 920
Trust gold 5s stamped. alOl 7
Registered
ctl917
1st coll gold 5s
1020
GentBrRy 1st gu g 4s. 19 19
Deroy&O VADlstg5s 1926
26 34
<fe
147
119
124
121 %.
121
103 38
112
%
1940 J-J
1940 J-J
.
I
116
113-,
lltfSf
104% Sep
3
M-S
1931 M-S
1931 Q-M
Registered
4s
Registered
May'00
105
J-J
J-J
J-J
85
96
I
Tebo& Neosho
McK <fc Y 1st gu 6s. 1932
2d guar 6s
1934
MeKees<fe B V 1st g6s 1918
Mich Cent 1st consol 6s. 1909
Pitts
79%
17
105
1123,
1
103
Registered
& Tol 1st 7s. 1906 F-A
ii"438
105
113%
1
Ka A & (i R 1st «u c Ss.1938 J-J
Mahon C'l RR 1st 5s. .1934 J-J
103% 107%
104
105%May'01
ilT%Sale 112% 112%
'02
io5%Xov'"oi
104%
1903
1997
1997
Det Mon
A-0
A-O
L S & W See Clue & N W
MU & Mad See Chic & N W
Mil & North See Cli M & St P
Minn & St L 1st gold 7s. .1927 J-D
Nash
112
Oct
1
No Low High
113
236
7s. 1903
Gold3%s
Mil
St D Ir
Registered
hake Shore consol 2d
117
Higii
105
<fc
5s
Mich Cent 'See N V Cent
Mid olNJ See Erie
Pac Hot
%
Cent
Metropolitan El SceManKy
Mex Cent consol gold 4s.. 1911
1st consol income g 3s.al939
2d consol income g 3s..al939
1917
Equip & coll gold 5s
1919
2d series gold 5s
4%s 1st Ser....l907
Coll tr g
Mex Internal 1st con g 4s. 1977
MexJSforth 1st gold 6s
1910
M
101
99
110%
114% 114%
IIOVj
LS*
Mahon Coal
Pacific
Pu 1st con gu g 4s 1993 A-O
Nor & Mont 1st gu g 5s. 1916 A O
West Shore 1st 4s gu...2361
Xov".l
Sep '02
110% Mar'02
114% Sep '02
114 Sep '02
115 Dee. '01
112 Sep '02
100 Mar'01
Last Sale
Ash Luc:
i
J;ange
Since
J anvil r i
or
1986 F-A
Registered
NY
Mange
October 24
Bid
lxxv.
Week's
Price
Friday
N. Y.
i
125% Aug'02
70
t
L& N & M & M 1 st g 4 %s 1945
N Fla& S 1st gug 5s... 1937
Pens & All 1st gug 6a.. 1921
S nee
or
1'.!
. .
Hemler Bdge 1st s g 6s. 1933
Kentucky Cent gold 4s. .1987
BONDS
Range
o
[Vol.
STOCK EXCHANGE
Last Sale cqcc January 1
Wekk Ending October 24 5^
.isA; Low
Higil Av Low High N Y (Jeut & H. R— (Continued-)
116% Mar' 02
115 1103b
N J June R gu 1st 4s...
FA
Range
Friday
October 24
Louisv <fc Nashv (Continued;
Pensacola Div gold 6s. 1920 M- S
St D Div 1st »'old 6s
1921 M- S
2d gold 3s
1980 iVf-S
^~
Week's
Price
STOCK EXCHANGE
Week fndinct October 24
N. Y.
3
M S
5t
4%s
jDueJ'ne
1916 Q
/i
Due
45
I
J'ly
pD
47
18
100
46
jOptlon
16
48
73
j
0«TOBER
BONDS
s^
>=*.
RR—f Continued)
C CA
BOND*
Range
January 1
1
104
110
Sep
111
'02
111
130
112 4Aug'0l
lll l aOct 'Oi
112
121
1st gu g 6s.. ..1907
1938
Guaranteed gold 5s
Ore & Cal 1st guar g 5s. 1927
A Pass 1st gug4s. 1943
S
So Pol Argulstg6s...cl909
cl910
1st guar g 6s
1905
SPof Cal 1st g 6s
1905
1st g 6s series B
1st g 6s series C <fe D...1906
1 stgOs series E<& F...1912
1912
1st gold 6s
1937
1st con guar g 5s
1905-.. 1937
Stamped
130*4
3
4
A&
125
115
lll^ll?
Nov'97
137
107^001 Ob
W
M
No of Cal
130*4 Feb'02
101
Oct 'Oil
!21-\ 121"
o
61921 jj.
125
123
& P M g 6S.1920 a
1939 m
*1124114
gold os
1st consol
111
Pt Huron Div 1st g 58.1939 a
Sag Tus <fc H 1st gu g 48.1931 f
Pine Creek reg guar 6s. ..1932 j
Pitts Cm & St L See Penn Cl
Pitts Clev & Tol 1st g 6S..1922 ^O
Oct
120
j
'01
\
121
j
May'02
98
a
101*4
100
j
102^001
101
1174
97 4 sale
199"
Registered
Jersey Ceut coll g 4s... 1951
Rensselaer & Sar Set I> & H
Rich a Dan See South Ry
100
101
S
Sabine Div IstgOs
102>s
101
Con gold 5s
111
Southern— 1st con g 5s
111 J'ne'(l2
111
97i«
98 155 96
92 Apr '01
93% Ti
101
93
98
Rich
Consol and col trust 4s .1949
Utah Cent 1st gu g 4s.«191
Rio Gr Juno 1st gu g 5s. ..1939
Riogr So 1st gold 4s
1940
Guaranteed
1940
99
99
94 l4 Sep'02
100
93
99
90
97 Jan '02
114 May'02
80>2J'ly'02
92 34 Aug'02
84
Roch& Pitta See B R & P
Rome Wat ek Og See N Y Cent
Rutland 1st con g 4 4s
1941
Rnt-Canad 1 st gu g 4 "as. 1949
Tus & H See Pere Marq
Sag
99 102%
9234 95 34
97
97
112*2
80*2
H5
l
4
82 4
91
940.
J
101 l4Nov'01
Lake C 1st g s 6s. .1913
St Jo<t Ur 1st 1st g3-4s..l94
alt
."">:;
i
96
St Law & Adiron 1st g 5s. 1996
2d gold 6s
1996
St L <fc Cairo See Moo & ulno
StLJi Iron Mount See
P
St L K C & K See Wabash
St L
Br See T R R
ot St L
StL<fc S Fran 2dg0sClB 1906
2d gold 6s lass C
1906
Gen
6s
1931
General gold 5s
1931
StL<fc S
RR consg4s.. '96
5s. .1947
Souths
Oct
97
'02
94%
1951
& M eon g 6S..1928
Set M Ryref g4s lyS6
123
125'*125"8
87 "2 94 34
b84 Sale
88
99
86
99
9934
s7
87
88%
88%
h2
88
>2
1936
Registered
St Louis So See Illinois Cent
1st g 4s id otfs.1989
St L S
2d g 4> LUC l)OUd Ctfs...pl989
W
107 lll^
107 110%
130 "si 34
114 llSi-i
l'Jf.isJ'nfoL'
101
C Ft S
KC Ft
108
l()8i4 Aug*02
13 ma Oct 'tr.
115
115
101 Sep '02
100 Jan '02
1319
94 34
130
115
1-'
Refunding g 4s
108
107*4
107"4
Dakota ext gold 6s
Mont
j.d
j -d
& S'x City See C St P M <fcO
SFe Pres<fe Ph 1st g 5s... 1942
SA
A P See So Pac Co
Sale
88
M s8 J'ue'02
86
100
100
140 May'02
113 a Sep '02
116 1 sApr'01
115 34 Oct '02
104 34 104 34
106 May'01
139
112
j~.
j
J.J
112%.
J-
Jan
113
iiis"
104
106
105 "4 107>-2Sev'02
4 127%
4137
»
123 4
'01
864 Sale
864
87 34
39
103
A-O
A-O
A-0
A-0
M-N
M-N 1104-
105*4
108%
Dec '01
108
110% Jan
104 4.
116
92
11241144
1054J'ne'02
.
A O 1034.
86
1124113
112% Apr'02
112%Aug'02
110%110%
'02
.
119 4J'ne'02
107 Nov'00
11941194
110*4 Sep '02
116*4 Apr'02
1084111
115 116%
J-J
May'02
108
F-A
M-S
108
108
11441144
1144Feb'02
108 4 J 'ly '01
U841193., 119
120
56 118
122% Jan '02
J-J
J-J
J-J
122
95 4 Oct '02
115 Mar'02
954100
1124115
99 1014
M-S
115
J-J
J-J
J-J
J-J
99% Oct
120
96
iie"
A-0
'02
Mar'01
Sep '02
117 4.
120 Sep '02
116 34 Aug'02
1214.
J-J
J-J
M-N
M-S
1214
94
113
126
114
.
J-J
J-J
J-J
M-S
A-0
M-N
M-N
112
8S
Sep
126% Sep
126%.
.
124
122
98%
119 120
11634.120%
120 122%
1214
1134H74
'02
'02
125
125
119
129
127%
122 4
121
.
.
126*4 J'ne'02
122 Oct 'O;
111% May'02
Ul*4 113%
92 Sep '02
109 4 Oct '02
123 Feb '02
102 Oct '99
114 Sop '01
117
117
90
109
123
92
112
123
115
117%
101*4 J'ly'00
.
108%.
M-S
1134
M-S
M-N
M-N
117%.
F-A
J-J
J-J
J-D
1164 Dec '01
'92 34
122
Apr'02
93
'.
1184 Sep
117
98
98
1184121
'02
J'ly'00
104 4 Sep
9841044
'02
1144
1164118
112% 1154
111
St
1935 J-D
& M 1st gu g 4s. ...1990
P & W 1st gold 4S....1917
Kan
117
133% 141% Tol
140
1154
10134 101%
119 122
96 10234
112*21144
128 Apr'02
Sep '02
1 33
115 Apr'97
124 v.J'ne'02
125^2 Feb'02
W
U
133%
124
109% Sale
1911 M-N
Ore Ry & Nav con g 4s. 1946 J-D
Ore Short Li ne 1st g 6s. 1 922 F-A
1st consol g 5s
1946 J-J
141*4
"
25
124% 125
102
126
4s
& participating
& Nor 1st 7s
1''27
Sale
Sale
115%
93% Sale
F-A
Utah
"si
4
1908 J-J
Gold 5s
1926 J-J
Uni N J RR <fc C Co See Pa R R
Utah Central See Rio Gr Wes
81 100 78
87
99 4
98% Aug'02
97
112 4 Aug'02
1104H3
104
104% 9 103*4 1064
104
10 104
104
106 4
109
110% 1639 105*4 113%
106 Apr'02
106 106
101410434
102
103
1
126
129 4
126
L25
115 4 115 4
6 115 1104
933, 589
Sti
92
93%
117 4 J'ne'01
11441144
1144 Apr'02
& North See Uu Pacific
& Black R See N Y Cent
VerVallnd&W See Mo P
Aug'01
111
104% Sale
.
1
M-S
ii"2%
.
Aug'02
92
79
Sale
'
'
107
984Sep'02
90*4 Oct '02
90
.
81
Tor Hara<fcBufflstg4s.M946 J-D
115%118"8 j later & Del 1st con g 5s L928 J-D
11 Pac RR & 1 gr g 4s.
1947 J-J
104 109
Registered
1947 J-J
1st lien convert 4s
1911 M-N
106% 107 4
I
fl
-L
"bo" "93"
llo%
944 98%
91
93%
884 92%
Sep '02
109
109
A-0
J-J
Tol St L<&
pr lien g 3 4s. 1 925 J-J
50-year gold 4s
1950 A-O
Registered
J.J
J-J
J-J
J-J
J
97
:
1054Nov'01
J-J
J J
J-J
J-J
1st con gold 5s
A-0
Utah
Utica
J-J
A-0
1934 A-0
St Joluu'sDiv lstg 4S...1934 J-J
Ala Mid 1st gu gold 58..1928 M-N
Bruus<fc VV 1st gug4s.. 1938 J-J
SiiSnOca& G gug 4s.. 1918 J-J
Scioto Val & N E See Nor<fc
Seaboard Air Line g 4s.. .1950 A
Coll tr refund g 5s
1911 M-N
6eab& Roa 1st 5s
1926 J -J
Car Cent 1st con g 4s. ..1949 J-J
Sher Shr & So See M K & T
Sil Sp Oca <& G See Sav F <fe
Sod Bay & So 1st g5s
1924 J-J
So Car & Ga See southern
So Pac Co— Coll tr g 4 'as.. 1905 J
Gold 4s(CentPac coll). fcl949 J
Registered
£1949 J
W 1st gu g 5s. ...1941 J
Cent Pac 1st ret ku g 4s 1949 F
Registered
194<j F
Mort guargold3%s..fcl929 J
Registered
£1929 J
Gal Har<fc S A 1st g6s..l910 F
2d gold 7s.
1905 J
Mex& Pac rst g 5s 1931 M
ll?
;a
4
Dec '01
Dec '01
Dec '99
125
110
128
1121s
95 4 Nov'01
110 May'02
87 Aug'01
•M}
96
12
i
"98""
W
Sale
844 85
103 4 Sale
84Hj
103
85
103^
104 34 Feb '98
97 Oct '02
96 %.
110
110
89 4 96
84
90
102% 105 4
96 14
98
100
10038 sale
94 Sale
99 h 100 >2
99
93 ^
94%
92
95 Apr'02
94%
111 J'ne'01
100"^ 101
29 100
99%J'ne'()0
86^
86 H2 11 85%
VGAN 1st gug5s.l924!M
100% Sale
86% 87%
110%lll
llO^
104
109
108
110%
Mar'02
110^ Apr'02
4
112
103
W T 1st g 58.1933IM
112
Aug'02
B
1939
1st lien equip s fdg5s..l921
Det&Ch Ext 1st g 5s.. 1941
Des Moin Div 1st g 4s. .1939
Om Div 1st g 34s
1941
Tol&ChDiv 1st g 4s... 1941
St Chas Bridge 1st g 6s. 1908
Warren See Del Lac & West
120
109
120
100
19 118
121
109%
119
109
100
121
110
12
109
100
103
JTy*02
101%
West N Y& Pa
Gen gold 3-4s
,
J-J
A-O
86
M-S
974.
A-O 108
.
1st g 5s. .1937 J-J
Income 5s
96
95
West No Car
104
1943 A-0
dl943 Nov
.....
*
W VaCent&
97
85 34
98
111
May'02
Oct '02
Mar'02
Sep '02
95
35
See South Ry
SeeN Y Cent
P 1st g 6s.. 1911 J-J
L E 1st g 5s... 1926 A-O
97
85% 89
98
109
98
Ill's
121%
98% 102
119 34 11934 Oct '02
1104 99% Oct '02
40 Mar'01
119
West Shore
Wheel's-
<fe
Wheel Div 1st gold os.,1928 J»J
Exten & imp gold 5s. ..1930 F-A
1949 M-S
Wilkes & East See Erie
1094110% Wil & Sioux F See St P M & M
89%
10934 113
108 108
108
103
11434
81% Sale 804
83% 676 664 89
107 Aug'02
105 107
M-S 1044
i 109
111%
J-J 110% Sale 1104 1104
J-J
Wash Cent See Nor Pac
Wash O & W See Southern
Dec '01
104
A&N
irginia Mid See. South Rv
\\/abash 1st gold 5s
1939 M-N
>T
2d gold 5s
1939 F-A
Debenture series A
1939 J-J
Series
W
Hous E &
J-J
A-O
1
General gold 5s
112
1st gold 5s
Gila
92
L25
133
122
111
erAofStLlstg44s..l939 A-O 111 Pale 111
1894-1944 F-A 1164118% 118 Aug'02
115 4 May'02
L M Bge Tergu g 5s. 1930 A-O
Tex & N O See So Pac Co
10134 Sep '02
905 M-S
Tex & Pac E Div 1st g 6s
oeieJfO^
2000 J-D 120 4 Sale 120 4 121
1st gold 5s
90'..
99*4
99*4
77
2d goldinc5s
?2000 Mar
111 J'ne'01
LaDivBLlstg 5s
1931 J.J
80% 81 34
90 4 Tol & O C 1st g 5s
114
88
1935 J-J 113 114 114
12% Nov'01
Western Div 1st g 5s... 1935 A-O 114
<fe
t
92
4 Feb '02
A-0
1923 M-S
.
112%
W
934 98%
St P
8F& N P 1st sink g 5s. 1919
Sav F& W 1st gold 6s
1934
W
110%1144
4
1
,
ext 1st gold 4s
1937 J -D
Registered
1937 j.d
E Minn 1st div 1st g 5s. .1908 A-0
Registered
190b A-0
194b
1922
MoutC lstgugOs
1937
Registered
1937
1st guar gold 5s
1937
Willi S F 1st gold 5s. .1938
StP&NorPae See Nor Pac
100
A-O 112%
112 Oct*02
j .j
136% Sale 136 34 136 34
mio m-n
Nor Div 1st gold 4s
Minn Union 1st g 6s
101
6s. ..1916
110
1114
. . 1
I
Trust Co 'iis
Consol gold 4s
1932
Gray's PtTer 1st gug 5s 1947
St Paul it Dili .see Nor Pacific
St Paul M & Man 2d 6s. ..1909
1933
1st consol gold 6s
Registered
1933
Reduced to gold 4 'as. .1933
Registered
1933
\H\
C
1926
1936
General 5s
(iiiar stamped
1936
1924
1 st cy gu 4s.
(J tfc
con g 6s. .1914
West N C 1st
S & N Ala dee L & N
Spok Falls do Nor 1st g 6s. 1939
Stat isl Ry 1st gu g 4 4s. .1943
Si',' I'ciin l: B
Sllllli & Lew
Syra BingA N S See D L&
'i'eboit N ,SVcM K <fe T
W
A
I
K
Virginia Mid ser
Siiies l) -l-5s
Series E os
99 ^
95
M
M
P Coast 1st gug4s
N O 1st 7s
1937
1905
1912
1943
1994
1994
Registered
Ohio colltr g 4s.. 1938
Mob<6
Mem Div 1st g 44-5s... 1991st Louis div 1st g 4s ...1951
1918
AiaCen R 1st g 6s
1948
Ail <fc Danvlstg4s
Atl & Yad 1st g guar 4s. 1949
1916
Col & Gieenvl8t6s
E T Va & Ga Div g 5s.. 1930
1956
1st gold 5s
Con
1938
E Ten reor lien g 5s
1922
GaPac RvlstgCs
Knox & Ohio 1st g 6s.. .1925
1915
Rich & Dan con g 6s
iqnip sink fund g 5s. .1909
stamped
1927
[)eb
Rich & .Meek 1st g 4S...1948
So Car ,fc (la 1st g 5s. ...1919
121
Tex<fe
'01
Apr'02
934 93
& Meek See Southern
RioGr West 1st g4s
1939
121
1H 3
127
SPacof NMexlstg6s..l911 J-J
J'ly'97
High,
1344J'ly'02
122 Sen 'ny
1920 J-J
1st gold 6s
Low
92
W
N YT&Mex gu 1st g 48.1912
1
JJigh No
1114
110%
Consol g 6s int guar. ..1912
Gen gold 4s int guar. .1921
div 1st g 6s '30
Waco <fe
Morgan's La & T 1st 78.1918
lllia
since
January
Last sale
TClstg5sintgu..l937 J-J 111 34 Sale
A-O 1114 Sale
A-O
M-N
N
A-0
H<fc
May'00
117
2d gold44s
Pere Mara.— F
See Peun Co
Pitts Ft
<fc Cli
1922
Pitts June 1st gold 6s
Pitts <fc L Erie 2d g 5s...al928
Pitts McKees & V Seoli V Ceu
Pitts Sli <V- L E 1st g 5s. ..1940
1943
1st consol gold 5s
1917
Pitts <fc West 1st g 4s
ite Co eertls
J P
Pitts Y <fc Ash 1st con 5s. 1927
1997
Reading Co gen g 4s
Range nr
24
Ask Low
Bid
Range
Week's
Friday
October
High So Low High Southern PacCo^ (Continued)
St L
lstgtis....l'.iJ
Price
STOCK EXCHANGE
WEEK ENDINO OCTOBER 24
N. Y.
Since
102 Nov' 9 7
112 34 Mar'00
RR & Caii gen 4s. 1944 M
5m L & Nash
PekUn
or
Last Sale
895
HE&WTlstgu5sred.l933 M-N
gu4sg.'30 F
Gr HA 1 ex 1st gug 4 4s 1941 J
1st g 4s. ..1936 j
Sim A Lewis
PeiiA.
Is
Range
Ask Low
.112
D E R R<fc Bgelst
J
Frida v
October 34
Bid
1943 M
Consul gold 4s
Alleg Val gen gu g 4S...1942 m
Cl & Mar 1st gu g 4 4s.. 1935 NT
VX
Week's
Price
stock exchange
wkkk Ending October 24
Peusaeola & Atl
Peo <£ East See
4
1
Bond Record— Concluded— Page 4
25, 1902.]
n. y.
Perm
—
;
112
106
1st consol 4s
W
Winona <fc St P See C & N
Wis Cent 50-yr 1st gen 4s. 1949 J-J
U2
1124114%
113 115%
1144 Jan '02
Apr'02
Sep '02
113
113
1124113
111%111%
91
97%
111%
*
111%
93
93
93
Sale
92
92%
6E
104%
18
92
92%
88
95
MISCELLANEOUS BONDS—Concluded.
Mnniitnctiii'ing
&
Industrial
Am Hide& L 1st sfg6s.. 1919 M-S
Am Spirits Mfg 1st g6s.. 1915 M-S
Am Thread Ut col tr 4s. ..1919 J-J
Bar & S Car Co 1st g 6s. ..1942
Consul Tobacco 50-yr g 48.1951
Registered 4s
1951
Disti II of Amer colltr g 5s. 1911
Grainercy Sug 1st gold 6s. 1923
111 Steel Co deb 5s
1910
Non-conv deben 5s
1913
Int Paper Co 1st con g 6s. 1918
Knickerbocker Ice (Chicago)
1st gold 5s
1928
Nat Starch Mfg Co 1 st g 6s 1920
Nat Starch Co s f deb 5s. .1925
Stan Rope& T 1st g 6s. ..1946
Income gold 5s
1946
Miscellaneous
96
Sale
87 4
81
J-J
F-A "674 Sale"
F-A
J-J
97
A-O
4
96
96
85
S2
105
85
J'ne'02
68% 726
I
J-J
100
994
100 May'02
10741084 108 4 Oct '02
99
98
100
J-J
F-A
68
Sale
14*4 15
93
95
85
Jan
'99
100
107
100
112
Aug'00
95
Sep '02
67%
68
14
14*4
104%
W
B'kl'n FerryCo 1st cons g 5s '48
Jan '00
64% 69% ChicJccfcSt Yard col g 58.1915
let M &
60 4 Oct '02
65
65
. 191
"2 86 4 98 4 HobokenM Id gr incomes...1910
L<fe I gold 5s.
974
974
Mad Sq Garden 1st g 5s. .1919
99% Apr '01
67*4
A-0
F-A
A-0
M-N
Adams- Ex col tr g4s
944100
1948 M-S 104
80
914 AmDk&Impos A.ieCeutNJ
Am SS Co of Vagos....l920 M-N
82
S3
95
85
55
6%
110*4
95
74
19
J-J
A-O
M-N
M-N
Lgeng 4s. .1940 M-N
Man Bch H &
Newp Ne Ship & D D os rfl990
NY Dock 50-yr 1st g 4s.. 1951
USRed&Ref
J'ly
"85"
80
4 J'ne'02
Oct '02
Mar'01
84
S434
Feb '02
J-J
F-A
St Joseph stk Y'ds 1st 44s. 1930 J-J
St L Ter Cupples Stat'n *• Prop
Co 1st g 44s 5-20 year.. 1917 J-D
S Yuba Wat Co con g 6s.. 1923 J-J
Sp Val Wat Works 1st 6s 1906 M-S
1st sf g 6s. 1931
TTS LeathCosfdebg6s..l913 M-N
1134 113
112 1164
113
•No price Friday; latest bid and asked. aDueJan oDueFeb cDue Mar cfDue Apr (/Due J'ne h Due
81
105
83
111
50
F-A
95%.
102
103% 107%
100% 101%
100 3
95 4
954
79*4
IS
85%
30
91%
38
50
904106"
.
Feb'97
1134J'ly'00
85
85
101
105
k Duo Aug p
Due Nov
q
844 -9%
Due Deo sOptionsale
V
1
1
BOSTON STOCK EXOH/INGE-Stook
Share
Man
Saturday
Oct. 18
— Not
21
Oct.
90 14 91
90
89
101% 101
101
1(11
88 V 89%
101 101 4
25914 259%
100 V 1003,
259 V 259 V
260
156
195
171
MOO
156
125
199
....
lsevisev
126
200
<
•199
'162
....
173
*26%
>a
195
195
300
156
300
199
162
199
200
162
*i"99'
144
175
3734 3838
95
95
142
173
143
156
126 V
200
15.-,
126V
*
*210
81 Ha 81%
85
72 >a 76%
SO
80
104 104
106% 107%
"91% 913s
*174
*92%
113
143
280
280
143
173
143
',
.
*23V 24V
*4
126
58 U
1\
4
125
58
4%
125
88
88
*
138
138
35
137
235
163 V 165
*14
15
*9%
*
165
26
:
'2%
2%
62
.j
110
110
100
•108
*103
25
4 34
5
•50
1
112
23
29
r
*10
•IV
•lo
46
6 a4
2%
•1
-2
17 V
56
25
4%e
»125
*2
1%
94
-1%
•95
11%
•10
9V
3
8
520
15
IV
2
10 V
46
'•.
534
*2V
3%
IV
V
17 V
56 V
2
15
1%
93.
ll 1
.
123
115
14
15 H
•13
14
•1
*2
17 14
IV
56%
238
1%
-1
•2
17'-.
57
17
56
100
11
26
.
*2
4V
127 V
2V
1%
1%
1%
25V
4%
120
•2
3
9%
3%
21%
22
16
22
16V
*68
59
1%
6%
4%
•1
22 *
7
4%
59
1%
21 3
1%
OV
4
21?,
9V
*1%
1034
2
2
100
1
'
1
1
V
0%
•3%
59
•1
I s.
S
13.,
ReeCO Button. Hole. . 10
Swift & CO
100
Torrington class a.. 25
Do pref
25
Union Cop L'd a Mg. 2
100
United Fruit
United Shoe Macb... 25
Do
91
J
U
S Rub!,,
i
Do
pret
ioppi
1
British
Calunii
Coram
<S
t
1
5
Ltd).
10
25
Centennial
Central Oil
18
3 a4
3%
<
1
"It '4
4%
10
6 Betorepay't of assess' tsoalled during 1901.
1%
<i
'4
1
n ie
9%
•155
1%«
103.,
59
1
2
1%
'02
11%
mud
21%
ISM
15
I
21V
21
•3%
'•.
1)11
Utah Con
((
lold
I
60
1
1
Jan
11
Ocl 22
Apr 24
15
Oct 21
Marl7
Mar
Jan 2
2
...n
64
7,235
2
515
330
735
"276
d9
855
100
<(27
3
1
150
213
72..
465
1,106
2
16
55
Before pay' t of assess'ta called during 1902.
2
29
.1.11,31
36
,
Oct
9
J'ly 25
5 .
1
48% Aug
Jan
Jan
l»8 .Mar
7% Jan
5% May
1
11
1
1
1
,
J'ly
119
26
Api
12
.iiv
64
8
4
1
56
Dec
1
M
5;4i
:.\
2
4
ls
11
'.
25
Aug 19
J. ,1,3
Deo
;
s'i
4
is
11.
:.
1
•50
Jan
6
OOl
2
7
Jan
5% Deo
.
Vug
27%
Mar
120
Sep
58
Apr
187
Apr
Feb
»(
1
3%Ma)
in.
1
Si
10
3
1
J'ne
130
De<
p
U"s Apr
2% Jan
Dec
•50
68
41
J'ne
Apr
12
10
;
Sep
Feb
Sep
24
62%
Sep
10
73
Feb
368
d. c
eb2l
Dec
J'ly is
Sep 9
I
1
1
1
Mar
7
Sep
L8% Jan
sep
56% Sep
5% Oct
I"
ncls
'
I
Jan
•JO
Jan
500.
3
1
2
27
4<i D.
I
Mar 3
Feb
MailT
May22
Feb 1
6
Jan
281
Mar
Oct
Di
Feb
."..I
-Mar
5<\jOct
Feb
4
20%
May II
9
De0
Dee
37% Sep
Jan
72
I
eli
iec
.-,t;i..May
-
1
Feb
Feb
I
5
1
4
1
J'ne
26
IV J'ne
Ool
6
4 34 Mario
2
Ian L20
7
Dec
HVD.i
5%.l an
l
Nov 41
28
sop 5 32
Jan 23 108
1%
1
^> P
•
1
LO
43
1
1
4V-M.ii LO
Jan 27
-Mar
1
,-b
I
s
Sep 26
Mar
5^
23% Jan
Mar
Ian 2o •12
Dec 22% Apr
HarlO 10 % Dec 34% Mar
vb
May 3
s
Aug 13
2
Jan 8
F Dec 13%Jau
4 Apr
1% Nov
2% J'ly s
10 V.Mai
Jan 25
L
,0
243.,
Jan 6
4 Jan
4
Jan 16 dl3% MarlO 66% Feb
Jan II 49% Sep 9 622 Jan
lVJ'nel
1
Dee
Apr 23
5% Mar
l%Sep
•60
9
255
21
6
i5-% Feb
\pi
I
Deo
-May s
-Mai
Aug
-)%J'ne
18 Apr
53 Apr
N-\
50c.
1
39% Api
Sep
L29%J'ne
13% Mario
\
M
I
Mat
19 V.i
n.'io
100
./l
25
son
'75
42
»Biil
1
Deo
/.6%
3
1.11,31
16
24%
3 V Feb 27
220
425
91
33
9
reb
VOCt 13
1% J'ly 22
3,388
89% Deo
Jan
Jan
,4
Apr
ll%May20 25 Feb
Oct l.i 21V Maj
1% Sep 29 3% Mar
26
26
jrandol
4
A pi
13
3
"
'10 2.1
IV Jan
9
Wolverine
w
9
April
6%
220
1
6*4 V Lotoria
4 V \\ inoiia
60
10
Oct
11
1,030
3, 199
7, si
1
Slatl s('o;,l.
7
1. 11
1'20
2
5
Jan
114% J
loo
lopper
null" v
(
"j
1
"TsY,
I'iniity
2034
15
4
2
>
82% Jan
33 Maj 54% Apr
101%May
86% J'ly
is4 Feb
VOct
E
dS4
oums eh
Tnmonntain
1
t
3
25
Santa Pe((5old<Si Cop) 10
Apr '02 Santa Ysabei (Uold).
lo
93, Shannon
159 Tamarack
Oct
•10%
V Rhode Island
15
Jan
34
Deo
k;
14
7,791
1,136
1
L3%Oct
\pr
1
-Mar
Mar
j
48%,Nov
SO Sep
May 16% May
Jan 83% Aug
9
7
12% Apt 15
\pi
.Mar
Aug
May
Sep 137
.3
!
ran
1
no
30% Peh
Mar25
Jan 7
1
•25
173
Jan
Dec
25% Dec 29
27 Jan 29
Nov
5
2
2
pr
5% Sep
200
1
1%
1%
93
I
15%
21V 21V
6% 6 a4
•3% 4 V
69
59
•2
*l
Jan
Feb 28
•10
L775
Oct
9
Augl8
32 505
1,745
Jan 325
Jan 14 d 24% Apr 2
2
"60
Jan
Jan
Apr
Mil
.I'lv'.'S
2
lid'.'
ict L3
J'ly 14
Jan 14
May 9
Mar
198
1
(d
415
3%
205 •50
242 21 Oct 13
316 20% Jan 17
100 •40 Jlv.'l
25
cla....
11'
10
J'ly 21
9%Mar27 16% J'ly
25
Nov
334
v Dec
1
41Vscp
Jan 29 117
24
Bonanza (Dev Co)... 10
Boston Kjuii'ic s,i\ it) 10
7
88 D.r 99
15
130 127% Jan 146
Ap
Jan
2
5
Dec
\lar20
61%Mar25
300
Mar
Feb
8 L53
inelO
I'Vbus
5
May
21% Jan
I
Jan 270
Jan 288
1
6,051
.
20
1
780 ^18
330
2
J'ly
130
No; 140 Aug
Ocl
39 Mar
Noi
9% Feb
7
\).i
10
11
Mar
Jan
J'ly
4 34 Oct
4
1
(
91
J'ne
91
11
33
70% Mar 83
£
sep
27
26V-M.nl
34%J'ne
87'4<
Oct
49
in
1
Jan
89
25
25
25
25
Dec
Dec
152% J'ne
De<
Apr30
Jan 23 29%
Augl5
2%MarlO
85 V Jan 8 117 Sep 22
46 Jan 2
«D.V
29 Jan
11 % Jan 25
5 '1 Sep 22
SO '4 Jan 22 91%Sep 25
LOO
2% Amer Gold Dredging
11 "s Am Zinc Lead ite Sin.
25 Anaconda
4 a4 Arcadian
1
Arnold
23
Atlantic
29
Bingham Con M Ln«S
J'ne
61
J'ne 108
May 9
332% Api
41 V Oct 2o
17,
86% Jan
25
<
60
80
J'ly
96
Aug
14
\ug2(>
.Km 23
klarl]
i
173
Jan ls2
9% Mar:
250
Jan
"
'
.May
20 Oct
79 V Dec
3% Jan
Vug
28
'1
4%May
J'ly22
26VJ
100
li
2 V Allouez
65 ', Amalgamated
510
10
100
pref
Steel Corp
Apr
Nov
Jan 231 J'ne
Jan 212% Apr
Jan 95 Nov
Jan 89 Nov
Jan 120 Dec
223
205
30
70
87
42
98
4
8034 jau
130»4
13%Jan
100
1
Do
US
300
112
201
1
I
5 8
148
Apr
200% Nov
Deo
165
29% May
Pel) 217% J'ne
Jan 173 Nov
1
2>4.mel9
Jan 2 151
100
100
J'ne
13%Jan
Wai3l L03
112
Sep
Mar 1
-.pr
Apr 23 17% J an
66 135
30
53 216
6
1,502 100
50 26
1
28
3,240
291
162
135
Jan
Jan
Jan
Jan
139 Jan
166 Jan
24 Jan
77 V Jan
37%May22
24
Jan 6
Jan 4 123
13
73
151
pref.
S Leathei
J'ne'02 Catalpa (Silver)
50
I
2
6 34
1
'02
7
2
2
10
21 a4
414
100
new rectslOO
Pullman Co
V Jan
14.".
126
ins
160
276
IV 2"
';V_L
J'nel9
1,64^ 155
E Telephone
NT
Apr
Apr
Apr
Apr
S
•
Jan 21
4
21
100 10,605 116%
157 115
'02 Plant Coin p
Apr'O
3%
32 V 32 V
21
21
22
1
3%
11
22
•3%
78% Oct
100
loo
100
ins
Jan 16 32 V J'ly 29
21
381
50
50
25
Oct '02 Cochiti Tr Co rects.. 10
2
2
"l 13 ;e
2
Cons Mercur Sold... 5
16 Continental Zinc
26
16
58V 59%
60
lopper Range ionColOO
59
Last Sale 50
'02 Daly- West
Oct
20
131%131 a4 131
loo
131V Dominion Coal
117 117
100
Do pref
Lie
3
3
12
2% Elm River
2%
10
10
25
10
Franklin
*9V
1
15 V
22
68 V 69
350
1,569
NEGas&CTr rect
75
•70
LastSale 10
17 V 18
18
•6
"6V 7
LastSale 60
Lae
•15' 4
684
•7.'.
160
V 16
6V
"2
29
23V
*28V 29
I611
100
14
: 4a
4
*-60
22 V
/. 11
5
1
100
50
pref
luanajuato Consol..
13 V 13V •13%
14
sle Boyale (Copper). 25
14
14
14 V
26
•14
15
38 Consol
li%2
I-'.,
2
26
•1%
2
Mayflower
LastSale
15
Jan '02 Meroed (i)old)
9V
9V
10
•9%
26
10 Michigan
46
46
46
46 V
46 V Mohawk
•5% 6
6
-5%
Coal <fe Coke 25
6
Montana
3
3
Mont real & Boston..
2%
3
3
IV Last Sale 2%
25
Sep '02 National
2
2
2%
•2
26
2 V Old Colony
17
16
17
•16
no Dominion (Cop).. 26
17
59
56
56
25
67 Osceola
57
25
25
25 V
•25
26
Parrotl isov.v Copp) 10
4i4
4
4%
4 Phmnix Consol
25
4
130 120 13o
125 Qutnoy
26
125
2>-
155
1"«
11
& Roch.,100
Miscellaneous
1
78% Jan L32%May
86%Marll >4%Aug29 82 Jan 99 May
172 Jan 15
Nov 173% Aug
J'ly 14 172
92% Oct 4 99 Maris 92% Jan 99 Apr
112 Sep 1 117 j'nelO 110 Jan 118% Apr
19% Jan 28 34%J'!v2.' 17 Feb 24% Apr
39% Jan 28 55 V Sep 4 40% Dec 48 J'ne
148% Feb 11 L52%Maj'12 150 Aug 155 Aug
1
li
Amer Agricul Chem.100
i
5014
•31%
69
'02
'403
8
•1%
100
*95
11
2
•11%
•24
510
-50
10
160
10
155
108
50
St'.
i
*60
*
2
11
2%
IV
V
2
4V
2%
1%
100
•5 V
56
25
17 %
57
-50
934
9 a4
6
3%
17%
2%
34
81
3,123
Wore Nash
1
46
3%
10
1,053
1
-l a4
47
5
•75
8
128
9%
3%
47
+94
100
•
25
Last Hale
is
10
•1%
2
*
-9% 10
•1
•2
•75
16
59
47
"5V
57
222
50
pref
Wisconsin Central. ..loo
Do pref
100
Step '02
2%
>
•7
16
59
49 V
Id
6
260
Do
30%
Oct
40%
88 V
65
••70
vi%
47i.
'5%
West End
Amer Woolen
Do pref
15
138V
•80
2"s
•75
3
*2V
3
1 14 18
IV
5
"*2
LO
160
160
2%
25
*4 a4
03.,
"
3%
•14 "a
4
25V 25 V 26%
4% 4%
4V
*125 130
130
2V
Last Sale
"ia" 12
7
10
3
Seattle Electric
Do pref
Union Pacific
Do pref
Vermont A- .Mass. ...100
164 a4 AjnerTelep* Teles
Oct
30%
56
56
40 V 40 V
83 a4 88%
12
25
•15
18
59%
10
4.
3%
3
30% 31V
j64%
•510
15
I434
15'.
15
9
prel
Do
"230
236
Last Sale 10
OcfO
158 160
159
159
•26
26%
26%
•29V. ...
*2'J% ....
Last Sale 2
Sep '02
11034 111
110
1113^.
52
52 V
52 V
52 V
510
"V7"
51
rii" 133 V
117 117
234 2i% 8
21% 21%
15% 16
•21V 22
6V
6%
•4
4%
-1
3
59
51
Do
Rutland pref
6% Amer Pneu Serv
26%
Do pref
124 Amer Sugar Kelin
121
Do pref
Oct
237
6534
22
22
•28 V 29%
••70
18 V
*6V
7
133 L33H
116 V U6V
3
2V
•75
•75
•15
18
19 V
59 V him,
-
116
40%
89 V
*4%
5
•75
2J
15
•50
160
520
;
-2V 3
•9% 10
13 V
•14 V
"24
"2
"•'i%
132^ 1323
3
65%
; i'i%
•75
"7"
•15
19
*3V
61
53
3034
2%
•28 V 29 V
3
100
10U
100
100
loo
loo
100
100
1
"if" 11
•24 V
-70
8
520
"58% 59
115
"7"
'515
'6V,
*i% 1
-.
66%
23
•75
""
1
'4
;r°
lo
Old Colony
Pere Marquette
Do pre!
100
25
Wes1 End Land
29
2
*2(S
29
West , p /. Peleg
•100 100', 100
100 10034
100
100
Do pref
L a si Sale 20S a4 Oct '02 Westing El A; Utg... 50
106V 109
LastSale 104
108 111
50
Ool 02
Do prel
Mining
21
21
21
21
21
Adventure Con
21
2
234
65
a
4
23
29
*-70
•15
187,
214
11034
-90
234
26
29
18%
4
89
'21% 22
5
•50
•75
••10
40 a
•108% 112
U
29
8
520
163 V
•14
Last Sale 28%
UoV
112
•75
3
-
2',
Tl'34
-25
•22% 23
•510
299
pref 1 on
U
100 V 100
100
',
2',
".7"
30%
-90
21% 2134
2
2V
65% 67 14
2%
•ii" 12 V
*
"29V
-2%
2%
1LLV 110
*27V 28V -27V 28
23
*4%
139
*25
40% 4114
89% 89%
'4
& Wor
Norwich
79
Last sale 4%
138
Last Kale 33
90 % 90 >4
-90
65 % 65 »«
•24
7,920
J'ly
2
Dec 200
Feu 176
May 307
297
.1
s
53%
30% 3034
41% 41V
91% 91
*
•28" 29
100 J 100%
78%
•138
139
31
237
•26
111
90% 90%
i
•90
••35
8
15
54
»
139
•29%
"2%
2',
231-.
14»,
41% 41%
91% 91 a
*2%
2
.1
•26
112 '4
54
30% 31 34
31V
14% 14V
•21
16618
111
54
111% 112
*106
•106
10
88
35
Jan
1
23S
J'nelS
77V 78V 78
286
78
Apr24
*4
4 V LastSale 4%
3 34 May 5
Oct '02 Boston Land
10
'125
122 122%Api 4
125 V 125 V *125 127
127 CumberlTelep & Tel LOO
11.105 25 Jan 15
56V oSh 55%
57
67 V 58 V
Dominion Iron A- St
300
7V
7% »7V 7»,
7%
7»ie
7%e East Boston Land
•267 V 270
'267 V 270
*267%270
lb 244 Jan 2
Edison Elec 1mm. ..100
'186 183 -184 186
44 a7134 Oct 13
General Electric
LOO
39V 40% 39% 3934 "39% "39 14 Mass Gas temp Ctfs..l00 3,414 37 Oct
85% 85% 85%
85 -V
85 V 8534
Do pre!
100 2,410 85% Oct 4
'18
'136
70
185 185
15
Vlergenthaler 1. in,,. .100
Jan 2
2% 2% -2%
220
2 Jan 6
2% 2%
.Mexican Telephone.. 10
LastSale S? a4 Oct '02 n E Cotton Yarn prel 100
88
87 * Oct 10
236V 236 V
*9V
•9V
160 162 V 160 161
29%
•2%
52
y a
i
163
1
"29io
*
88
'
Highest
4234 Jan 90% J'ne
so May L07%May
251 Jan 265 Apr
48 Apr
Jan 2 209 Apr28
Oct 20
Apr26
297%J'ne20 307 Mar26
150 Sep 30 172 Mar26
125 Oct 1 36 Mai'26
199 Augl2 202 Jan 27
'ne23 166 V Feb 10
160
280 Oct 22 295 Feb 6
142 Jan 24 148 Marll
172 Jan
178V J'ly lo
33% Jan 28 45%Apr21
92 Jan 13 99 J'ne 6
26 Jan 15 31 Mar31
210 Jan 31 254 Apr 28
170 Jan. 14 175 Jan 3
230 Jan 9 238 Apr 3
208%J'nel8 217 Apr 4
68 MavL'O 85% Sep 10
79%Mayl9 91 J'ly 30
70 Sep 12 125% Apr 23
90 May 13
58 Jan
103 Oct 6 110 Marll
98%Feb28 113 Ang26
14 236
53 191
10 171
1
2
138
35
235
160
•26
74% Jan 27 96 V Soil 9
95VMarl2 106 Sep 2
39 258 Sep 27 266 May 9
50 a;150 Aug29 173%Marl4
1
186
46 V 41
85 V
187 187
137
236
7%
270
187
41V
236
*
*
*7%
1S7
85%
4 »6
187 195 187 195
-2% 214
-2% 2%
»
127
58% 5934
611
4II3,
85 3
41
85',
4V
*4
•123
*7% 734
7%
267V 267 V 267 V
187
41
V
23
-6V
6V
+ 26V 28V
•25
123% 124 V 123%
119 34 120V 120
1
*4
126
5S
80
79
Lou
0.795
251
Connecticut Eiver...l00
Fitch burg pref
100
142
232 232
232
210 210
210
210
210 210 *210
210 210
*80
80
80
81
80
81V 81V 80V 80V
80
85
82
85
85
82
85
•77
78
78
77
77 V
*76V 77V 77
76V 79
*80
83
83
84
83
•78
83
83
83
80
104 V 104 V 103
102 105 *102 105
105
104 V 105 105 106
105
I0434 105% 104%10538 105
106% 100
•9138 91%
91 34 91 34
91
91
91% 91% 9034 91
Last Sale 173
Oct '02
174
*93 ....
-93
93
*93
93
93 V
93 V
93V
Last-Sale 114
113
*113
*113
Oct '02
Last Sale 27\t\ Oct '02
*27% 28 V
•52 V 53 V
Last Sale 55^ Sep '02
LastSale 150
Aug'02
*23% 24V *23V 24 V '23V 24V •23% 24V
79
80% 79
80
79
82 V
82 a4 823.
6% 7
7V 7 V *6V 7
•26 V 28V *26V 28V
26
26
123% 125% 123 V 12434
125 125 V 124% 120
120 121
120 120^
120 120 *120 122
166 4 164 V 166
lt>7i<2
10t» 167 V 165
167
•14
15
•14V 15
14% 1434 15
14%
78
78
78
79
77 V 78
77
77
*
89% AtchTop A Santa FelOO
Do pref
100
101%
"
232
231
95
1
Kailroads
88%
100%
259
Boston <fc Albany
100
100
156V Boston Elevated
240 -249
Boston*; Lowell
100
195 ^ 195
195 Boston & Maine
100
175
175
Do pre!
100
'175V
300
Boston & Providence 100
156
154
155 Chic June By & U S Y 1 00
126 a4
Do pref
126V 126
100
200
200 Con & Mont Class 4.. 100
162"
162
Conn & Pass Biv prel 100
240
195
175
300
*154
10) Previous
.nyfiyoi)
1
Mighpst
Lowest
Shares
Last Sale 276 V Aug'02 .Maine Central
175
100
38
lot
37 34 38
37V 38
38% Mass ElectricCos
37V 38
"95
95V 96V 95 V
Do pref
100
95 V 96
95 V
" 26
100
26% *25V 26V "25 V 26V Last Sale 26% Oct '02 Mexican Central
228 228 V 223V 228V N Y N H <fe Hart.... 100
230 232
229 230
231 231
Last Sale 2W
Oct '02 Northern N H
100
175
37
95
27
1
300
150
125%
4
ii
EXCHANGE
142
....
the
eek
156V150V 155V156V H55V
171
157
143
173
37
95
'240
56 V
J
195
162
14c(
"142
2 10
L56V
88% 89%
Friday
Oct. 24
Ramie Since January
1902
Sales
hi
BOSTON STOCK
162
259 V
195
i259%
156
195V195V
•300
258
•240
*258
*155
*240
STOCKS
2'ltvrsttuij
Oct. 23
Weekly and Yearly
Record, Daily,
Centum Prices
I'ev
Wednesday
Oct. 22
Tutsday
20
Oct.
90% 91%
101% 101%
*
I'riccs
2
1
Jan
Jan
Jan
and asked prices.
II
7
I
I
I
6
Aug
1
1
r,i I
Sep
2
1
1
'
1
16
Nowstook
M
Dec
Ma]
t Assessment
1^4 J'ly 30
Se
s
1
paid,
5
OCTOBEK
BONOS
&
Nebraska
ti
lsi
1908 J-J
43.1929 J-J
fa. .1908 M-S
98 V 99
1907 j-n
B< ston & Lowell 4s
1944 j-j
Boston & Maine 4Vs
1942 F-A
Plain 4s..
Bost A Mon 3d issue 7s... 1904 M-N
1st 3%s.l947 F-A
on Terminal
IS
ls1
MX
W
Joint bonds See Gt Northern
Chic Jc By <fc Stk Yds 5s .1915 J-J
Coll trust refunding g4sl940 A-O
Ch Mil & St 1> Dub D 6s.. L920 J-J
Ch M <fe St P Wis V div 6sl920 J-J
W
108
108
J-D
J-D
1
Sep '02
99 Aug'02
127V Oct '02
130 V J'ly -02
108% Oct '02
108 Oct '02
109% Mar'02
115 Apr '02
105V Sep '02
110
109 V
105
MS
"99 "a 9934 Oct '02
110
110 110
108 Oct '02
100% Mar'02
109
M-S 108
M-S
M-S
A-O 137
A-O 137
J-J
Q-J
111% May'02
138
18S
95
94
Xote—Buyer pays accrued interest in
J'ne'02
J'ly '02
95
94%
Sale
94%
Ha
Week
1
Low Hit,
98% LOO
9
7
KanC
Kan CM<6
*73i4 73ia
Tuesday
Oct 2W
Oct 21
73V 73V
III4
14
1414
14
3
124
30
"18
28=8
2 S3,
28 V
23^
23-" h
23 3
•j:;- f
7.;s2
73 Hi
73
'7.SI4
34i«
34V
5%
5=8
1
4
33 3
4
I
"82=8
48*8
8234 83 V
48ia
8 's 81*16
*17 34 17
8
23V
78
34
V
5
«'-
81^a 82
8|
-is
1
!
14
4S a
8
sT.j
17 4
34*16
343*3415,,;
173,!
8=8
17'k
34 58|
XrU
34»8
4:v>4
43
38 34
43*4
3s-B
;;>
38'sl
47 V 47 V
s
Vi
7S X4
3334
9
i>
:
-i
47V
Is
:
4714
H4V
Hid
Ask
•04
82
48
•IsV
it Steel
50i
5o|
50i
50|
lOi
Bell Telephone
52
'j
18V
34V
18
33 34
*43=8
18
33 7e
48 V
8=8
181;
34 3 ie
43^8
44
44V6
38»io38i3 1(1 38i 3 i6 39
47 v 47 »a
47V 47V
114
114
114
114
PHILADELPHIA
Cit St
Col St
Ry (Iud) con 5s '33
Ry 1st con 5s 1932
ConTracof XT J 1st
;
3V
Electric... 50|
9».
934
Electrio of America... 50
Elec Storage Batt
loo
9 76
E & A 1st M 5s
Elec
&
5s. '33
1920
M-N
Peo Tr stk
Elm & Wil
tr ctfs
1st 6s '10. J-J
Income 5s
2862. A-O
II Gas-L 1st g 5s 1928
147% H & B Top con 5s '25 A-O
Eq
100
Gerraantown Pass
50 145
Harrison Bros pref... loo
Hestonv Man
it Fair.. 50
Preferred
50
Indianapols St
1 00
Inter SmP&Dynam.. 50
Lil Brothers
10
Little Schuylkill
50
Minehill & Schuyl H 50
NesouehoninK
50
K Haven Iron & Steel.
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
loo
Phila Co (Pitts) pref.. .50
Phil German & X orris .50
Phila Traction
50
Hallways General
10
Susqueh Iron & Steel. .5
Tidewater steel
10
Indianapolis
Ry
4s. 1933
'14. Q-J
Lehigh Nav 4Vs
RRs 4s g
1914. Q-F
'is'
GenM4Vsg.1924.Q-F
12% 13
10V
61
65
. .
all
Boston Bonds.
*
No
Stocks
below)
28 14 28 V
24=8
73 V
'77
Philadelphia
American Alkali
110
112
50
lol
49
173
J-D
53
102
49 V
176
Newark Pass con
50
1
5V
N J KK&C..IOO
UnitPow & Trans. ...25
282
United Trac Pitts
50
Preferred
50
Warwick Iron & Steel. 10
West Jersey & Seash.50
Westmoreland Coal... 50
6\
76"
•
115
95
110
126
110
118
110 V
109 V
115 117
98
98%
Nav
Income 4s 1939. ..MX
534
283
44 V
Consol 5s r 1919. ..Var
Penn<fc Md Steel eon
M
M
M
Con M 6sgl911....JD
Ex Imp M 4s g '47. A-O
Con M of '82 4s '37. J-J
&
P
Terminal 5s g 1941. Q-F
W
<fc
B
col tr 4s '21. J-J
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen
5s '97 J-J
Welsbach s f 5s 1930. J-D
BALTIMORE
110 V
104
111
Canton Co
110
120
122
124
140
8S
8
103
100
Georgia 8ou<fc Fla...lOO
1st pref
100
2d pref
100
G-B-S Brewing
100
Mt Vernon Cot Duck...
Unit Elec L & P pref. 50
Sale
BaltOPasslstSs'llM-N
90
Bait Fundg 5s. 1910 M-N
110
Exchange 3 Vs 1930 J-J
102 V
Refunding 3 Vs 1952J-J
117
118V
107%
119
II434
123"
Bait &
m
P 1st Os
1 1 A-O
1st (is tunnel. .191 1 J-J
Bait Traclst5s..'29 M-N
No Bait Div 5s 1942 J-l)
lonvertdble 5s. '06 M-N
Central Ry 6s. ..1912 J-J
Consol 5s
1932 M-N
lot
10734 Sale
lOoia....
1041-jlOo
103H
'02
Apr'02
lll4'->
Sep '02
May'01
100% sale
100'ti
123
123
123 'v
106 Oct '02
100 J'ne'02
102 Mar'02
105 io Ki534
108 34 J'ly'01
'-2
Sale
loo
105 34
98
105
100
1(17
100
101 14
H1334
102
15 105
107
lotM Aug'02
103 s8 J'ne'02
1041-2
105
102^4 103»8
10414 11318
100 "
100
loois 100 8
107
108
10414 10414
103's 103=8
16 IO334 106ia
8 7 it J'ly '01
93 + Mar'02
1
119 a4 11934
(j C t
lOO^Oct
100
100
108
104V
H'l!lsl0234
1-J3'..pjsi4
liio's
'-2
1023,
Sale
105
L05
103 105
i
un- 4 10734
ion IO934
104 1-2 107
105 Pelj'O'J
105 Sep '02
107 34 lo734
net '02
in.;
112
118
is,
'
Mar'02
104
1
Sep
8
'02
'02
'02
J'ne'02
J'ly'02
and asked,
^y
Trust Co.
ctls.
Weekly, Yearly
ljoviest
Range tor Previous
Year(lUOl)
1
Jan
3,545
1.200
1,175
25 J'ly 29
34 34 AuglS
44
Apr
-J
53
V Aim 19
13
Oct 13
17
Mai-15
1
VSep
7
1
1.1
17
Ext <t Imp 5s. 1932 M-S
'has City Ry 1st 5s '23 J-J
SSVJau 106 V Dec
21%Oct
13
29 V Sep 23
36 Apr29
;i..jan
3
SOV Apr29
i;
t
9-4
Jan
3913 J'ne
24% Jan
14
54-4 Sep
18% Mar
Dec
% Dec
2% Jan
VApi
Mavl7
23
05 34 J'ly
Jan
58
Apr 28
923
7,800
7,089
1,130
10
2,208
5,22o
20
18
2334 Jan 24
104
Highest
Lowest
il nili est
62V Jan 28 74 VSep
241
y
si
,
i)
38V Jan
5Hi 6 Oct
Feb
IV.-,
3s
15 34 Mai
Mar
31 78 J'ne
38 V Apr
20V
40 Feb 8ov j'ly
62i 2 Jaii
79% Apr
28ia Jan 39% May
3% Dec 7% Jan
V Lee 8% Feb
Feb
Jan 1
1
69 May 81 Apr
1'ec
2 V J'ly
85 Sep
50=8 AprSO 40 a4 Jan
4VDec
9 VSep 19
ti
May
8% Feb
54 V
18 78 Oct
Sep 3 12 '-Jan 28% Lee
45 VSep 3 34 '-Jan 41 38 Dec
Jan 32 V Dec
19
40 s it Sep 10
48 '1 let 3 24Va'ne 3 7 Jan
120 Feb - 113 Sep 128 V Jan
l(»V.\!a.VJ9
38 Dec 55 Apr
1
39^16
(
Ask.
HALTLUOKE
Bid
Ask
100
100%
71V
90
119
105
92
71
Chas Ry G it El 5s '99 M-S
Charl C it
ext 5s. '09 J-J
2d 7s
1910 A-()
Bid
119
107
128
125
117
107
108
125 V
108
A
City & Sub lst5s..'22 J-L
Citycfc Sul>(YVas)lst 5s'48
126
Col<tGrnvlst6s.l916J-J
118 V Cousol Gas 6s... 1910 J-D
110
1939 J-D
5s
110
Gait Ala 1st con 5s '45 J-J
126V Ga Car <fe N 1 st 5s g '29 J-J
108% 108% GeorgiaPlst6s...'22 J-J
112% GaSo & Fla 1st 5s 1945J-J
112
G-B-S Brew 3-4s 1951M-S
115
117
2d income 5s 1951 M-N
3
69 4 70
Knoxv Trac 1st 5s '28A-0
LalceK El 1st gu5s'42M-S
360
100
52
102
53
102
V 85
14% 1434
7V 8
39
40
101
82
97V 99
1
12
118
96
108
123
A
Series
5s 1926. ...J-J
Series B 5s 1920. ...J-J
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 5s 1941. .J-J
SeoAvT(Pitts) 5s '34 J-D
Sav Fla <t West 5s '34 A-O
V 113 V SeaboardAL4s 1950 A-O
Scab & Boa n 5s 1926. J-J
"is"" South Bound 1st 5s. .A-O
111
113
114V 116
99
120
112
114
125
115% 115%
50
50 V
38V
1013.,
117
117
105 V 106 V
39
100 V 101%
118V
12
1
2d series 6s 19] 1...M-S
3d series 6s 1916. .M-S
4th ser 8-4-58 1921.M-S
5th series 5s 1926. M-S
I,
124
117
117
l
118
18
114
85
85%
115
111V
UiRvi
118
121%
115
111% 111%
111% 112
UElLctPlst 4%8'29 M-X
El 1st Is '49 M-S
J-D
68
Income 4s 194'.)
111V
Va Mid 1st 6s 1906. .M-S 106
109
124
121
112%
MetSU\Vash)lst5s'25FA 117
Mt Ver Cot Duck 1st 5s
77% 77%
Incomes
39 V 40
New Orl Gas 1st 5s.. Var
Npt N&O P 1st 5s'38 M-X 109 -. 110V
Norfolk St 1st 5s '44.. J J 110
North Cent4Vs 1925 A-O 112
J-J 105
6s 1904
'
i
(
104
103
l:li5"8 ()et
Bonds
Anacostia & Pot 5s.
Atl<6 Ch 1st 7. ..1907 J.J
At 1 Coast L(Ct)ctfs 5s T-D
Ctfs of indebt 4s
J-J
1
95
n 8414
30 l4 35»4
20 7 s 24ia
85
88
103 104
IOII4
103
52
69
104 104
'OJ
21 >aJ'ne'02
1|so
Oel '02
104
103
Inactive Stocks
1063,i
1
'(I-,;
1902
Atlanta & Charlotte.. 100 160
86V 87% AtlauCoastL (Conn)ioo 350
HIV
Pa & N Y Can 7s '06. J -1) 112
Con 5s 1939
A-O 109
Con 4s 1939
A-O 100
CV Penn Steel 1st 5s '17 M -X
People's Trtr certs 4s '43 104 V 105
P Co lst& col tr 5s'49 M-S
111
no sales on this day
PHILADELPHIA
Phil Elec gold trust ctfs.
Trust certifs 4s
P E gen
5 g '20. A-O
4s gl920..A&0
Gen
Ph & Head 2d 5s '33. A-O
Con
7s 1911
J-D
10734
5s 1930
No Penn 1st 4s '36. .M-N
GenM 7s 1903
98V
J-J
5 V Penn gen 6s r 1910. .Var
Cousol 6s c 1905... Var
2% 2%
79
31% Sep
-i
112
90
108
125
111
II514
1053a
13034
Week
pret
50
'ainbria Steel
50
Cousol Lake" Superior.. 100
Do pret
ion
Ask
Sep'02
Oct
LIS
80
l
NYPh&No 1st 4s '39 J-J
973.
A'U
iis"
50
71 Apr 15
50
33VMa\T7
33V
MarsdeuCo
10U
*5V 5 -V
2% Feb 3
National Asphalt
50
VSep lo
V
*1
IV
50
207
Do pref
VSi'P 13
a Pennsylvania RE
50 2. 138 73 Jan 14
81»i« 81 4
Philadelp'a Co (Pittsb) 50
48 V 48 4
46 .Ian 3
IV
3,673
3% Jan 27
8*>i 8 S'V, Philadelphia Electric. 25
s'j l'ue26
18
18V Phiia Bapid Transit ... 50 9,598
341, Heading
34
50 31,947 •iii'i Marll
44 14
44
Do 1st pref
688 40 Mar 6
50
38-8 39%
Do 2d pref
50 3,370 30 Jan 14
833 32 Jan 6
50
47 V 47 V Union Tractou
United G-as Iiupt
114
50 4,912 101 VMav2s.
•30
WelsbachCo
loo
33
24 Jan 31
Bid
99 Vj
9714
LOS
111
101
128
J'ly'02
L28
the
Do
24 >
73 's
7S
Lehigh Coal &
3334 Li high Valley
L26
98
84
92
ni5'i May'01
Daily,
Shares
Baltimore
Consolidated Gas
h
U4»4
123V
i.,
Range Since January
Sales
01
100
73 V
50
124
Northern Central
100
29% Seaboard Air Line
Do pret
100
47 V
14 United Ky & Electric. 50
Leh V C 1st 5s g '33. .J-J
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S 121
Consoles 1923
105
price Priday; latest bid
Exchanges— Stock Record,
Annuity 6s
J-D 139
Leh V Trac 1st 4s '29. J-D
Nat Asphalt 5s 1951. J-J
New Con Gas 5s 1948 J-D
"'"sv
United
Bid ana asked prices
Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D
Che & D Can 1st 5s '16 J-J
Choc & Me 1st 5s 1949 J-J
Ch Ok & G gen 5s '19 J-J
I
*
89 l6
Bethle Steel 6s 1998. Q-F
Preferred
Danville Bessemer... 1V|
State Steel
Preferred
Preferred
48
8=8
48V Berg<feEBrwlst6s'21J-J
iooi
50j
50!
Diamond
Easton Con
53 34
71
Cambria Iron
Camden & Trenton
C( ntral Coal & Coke loo
Pitts
81 % 81^8
.
1
Al Val E ext 7s 1910 A-O 119 120
2434
Asphalt CO 5.s 1940 tr ctfs
10
American Kail ways..
Preferred
33 34
5 a ie
110
101 102
19 1007B 102
L32»8 1331a
105
106
Sep '02
90 Oct '02
o_"i May'02
HOiaJ'ne'02
ill
111
lot
104
'.is
.
Bonds
American Cement
ConaolTrac
"331
16
81 s8
Inactive Stocks
Iron
77'-
•"si
8=8
ii4i4
115 V 115V Hoi,
PHILADELPHIA
Amer
1v
74
2
73i
73i,
109
111
'
101
L32%J'ne'02
105 Si
113 Oct '02
M()h
Low
.\i,
J'ly'02
Mil
123%
loo
92
1.,
see.
23 V
2314
-7714
33-1
5 5 ic
113
i
(For Bonds and Inactive
23 34
.'.'.'.'.'.'i6i"
123
98
90
1
Oct 24
28% 28 V
m
J-D
'..
Friday
28=8
A-O
A-O
'-".
"
H
28V
Is
1.
V "«w""_.
>7
8»4
43i6 16 4:9s 1 H
39 V
39
*473jj 47 n
114 34
V
5
"V.
as 5
73i.
•7714
5«16
"2
V,
s
73
73;.J
7714;
33V 34
1.
ia
V
77 h
14
102
!"l"ioi%
«,,
Muh
Ask LOW
Bid
J-J
A-O
M-X
1934 M-S
Marl934 SpJ
ACTIVE STOCKS
"ia
28=8
21
28>a
14
since
January 1
old Colony Tr Co reels
104 104
Kan C & M Ry& Br 1st 5sl929 A-O
L)Vi
83
KanCStJo&CB 1st 7s.. 1907 J-J
50
82 V L R & Pt Sm Id gr 1st 7s... 1905 J-J
119 121% Maine Cent cons 1st 7s. ..1912 A-O
1912 A-O
105 V 1115
Cons 1st 4s
99 100
Marq Hough&Ont 1st 6s. 1925 A-O
.191 J-J
Mexican Central cons Is.
Jan 1939 J'ly
1st cons inc 3s
Jan 939 J'ly
2d cons inc 3s
1929 j-j
85
90 V Mich Teleph cons 5s
con g 5s 1929 j-j
101 10434 Minne Gen Elec
New Eng Cot Yarn 5s. ...1929 F-A
102 104V New Eng Gas it (J 1st 5s.. 1937 J-D
1900 A-O
107%107% New Eng-Teleph (is
1907 A-O
100 lom
Os .....
1im;<j 108V
1908 A-O
Os
1915 A-O
99 V 100%
5s
1905 J-J
99% 102 V X Y.feN Eng 1st 7s
1905 J-J
1st 6s
1924 F-A
108 110
Old Colony sold 4s
99 101
Oreg By<6 Navcon g 4s. .1946 J-D
V. 132
1922 F-A
127
ireg Sh Line 1st g Os
1283 t 131ia Bepub Valley 1st s f 6S...1919 J-J
1902 M-N
108 V 110
Rutland 1st 6s
108 IIOI4
Rutland-Canadian 1st 481949 J-J
1930 F-A
109 % 109k Seattle Elec 1st g 5s
191k M-S
114 '4 115
Torrington 1st g 5s
LOS ia 107 4 Union Pac KK it 1 gr g 4s. 1947 J-J
1911 M-N
99 101
1st lien con v Is
1(19
1903 M-N
111
Vermont & Mass 5s
108 111
West End Street By g 5s. 1902 M-N
1914 M-S
100% 100%
Gold4Vs
19
M-N
110 V IIII4
Gold debenture 4s
1917 F-A
138 139
Gold 4s
138 138
Western Teleph & Tel 5s. 1932 J-J
9334 96% Wisconsin Cent 1st gen 4sl949 J-J
94
96% Wisconsin Valley 1st 7s.. 1909 J-J
73i4
73 14 73 4
124 *122
2938 29V
29
*47i4
»13 78 14 14 *1334
29% 29 V
47 V 47V
14 V
14
gen
Week's
Range or
Last Sale
6s.. ..1928
Oct 23
123
47- 8
30
14! 4
ia
122
IS
& M
Thursday
Wednesday
Oct 22
73V
-7::
123 14 123 '4 "12 2 VI '-'3
30
30
30V 30 >s
47 \ 47 -*
48
48 \
—
Income 5s
Share Trices— Not Per Centum Prices
Monday
Ending Octobeb 21
Ft Scott
JUmge
J'rif •
Friday
October 24
exch'ge
1910
deben 5s
Non-convert deben 5s. ..1913
[a Falls* Sioux C 1st 7s. .1917
Kan C Clin & Spr 1st 5s... 192
KanC Ft s cfcGulf 1st 7s.. 1908
993.,
8
1
st( >ck
Illinois Steel
98% 99
addition to the purchase price for
Philadelphia and Baltimore Stock
Saturday
Oct 18
897
l>
12 loo" i.03%
96 Oct
104 V Apr'00
126 34 Apr '01
127V
120V
A-O
A-O
A-O
W
'
'02
109
MX
No Mich 1st gu
58.1931
& Mich gen 5s.. ..1921
Concord & Mont cons 4s.. 1920
Conn & Pass K 1st g 4s. ..1943
Current River 1st 5s
1927
1st 4s... 1946
Det Gr Rap <fe
Dominion Coal 1st 6s
1913
1906
Eastern 1st gold 6s
1904
Fitchburg4s
1927
4s
Fremt Elk* MoVlst 6s. .1933
1933
Unstamped 1st 6s
Gt Nor C B & Q coll tr 4s ] 921
1921
Registered 4 s
<fc
101%
115 V Aug'01
97 V
97 Sale «97
11741-2
75 V
118*"" 119" 119
Sep '02
105 V J'ly'02
"99 " Sale"
99
100 J'ne'01
138 Sep '01
125ia Aug'OO
87
87 Oct '02
102 lOl^s 101%
101
110 Apr'01
103% Sah 103% 103 14
107 V May'02
iOn% Sale' lOO^t 100 34
106 34 Sale 106'4 106 a4
99 V Sep '02
"9 9 "-4 Sale" 99 '4
99%
2d 5a
Chic
Chic
V
99% Jan '02
Apr '02
58.1939 J-J
1939 J-J
1918 J-J
Bur A- Mo Kiv ex Os
1918 J-J
6s
Non-exempt
1910 J-J
king fund 4s
1917 A-0
Butte <fc Boston 1st Os
Cellar Bap & Mo R 1st 7S.1916
1909 J-D
2d Ts
Cent Verrat 1st g4s..Mayl920 Q-F
1903 J-J
Chic Bull it Q 1st .s
1919 A-O
Iowa Div 1st 5s
1919 A-O
Iowa Div 1st 4s
1913 M-X
Debenture ."is
1922 F-A
Denver Exteu 4s
1927 M-N
Nebraska Exten 4s
1921 M-S
s t 4s
B«fc S
1949 J-J
Illinois Div ;H.s
BostouUuite.Ii
101
boston
January
30
18
09
99
Dec '01
119
—
S
1
1
BONDS
Sir
:
High A.
;,.::,
Kegeng 4s.. 1998 A-O ibl%s'aTe'
97
90
J'lyl99S
Adjustment g4s
AtchTopA
-
Last sale
Sale
99
or
:•
A sk Low
98%
Bid
-is
5
6
.
Mange
Week's
Price
Friday
October 24
EK KMHXii OCTOBEB 24
Bell Telephone
I'clepA- Tel ooll
1
Boston Bond Record
25, 1902.]
BOSTON STOCK EXCH'GB
Am
Am
V
1
112
95
63%
112
117
113
1151 116V
97
State) 3s new '32.J-J
48
Fund debt 2-8sl991. J-J
West N G eon Os 1914 J-J 120
Va
i
WesVa CA- P 1st Og'll J-J
\\
U
it
115
Weld 5s-.1935.J-J 121
115%
—
—
2
Volume
( la«
Sccuri
Indiana Nat & 111
1st (is loos
Business at Stock Exchanges
of
NEW YOKE
fRANSAOTIONS AT THE
STOCE EXCHANGE
1920..
(is
kson Gaa
State
Bonds
Bonds
110,000
Monday
"ii'ood
lay
Wednesday
Thursday
89
301.785
Friday
Total
500
41,526,100
446,
37,5
$10,378,000
Week ending Oct 24
Sales at
$15,500
$34,200
January
1
24
Oct
to
Exchange
1901
Stocks— .\'o. shares
1902
shares, par..
BONDS
Government bonds
$15,500
$27,000
State bonds
KB. and mis. bonds
10,378,000
10,674,500
756,292.450
$10,427,700
$16,708,500
$760,735,750'
$1,117,400
Excb
;,
,
$824,661,770
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Philadelphia
Week end inq
24
Unlisted,
1902
Saturday
Bond
shares
Listed
shares
sales
8,620
16,012
21,563
Monda
Tuesday
Wedn
1,940
4,770
Thursday
Friday
16,201
92,759
Tola!
$614,011
29,237
42
4*5"
s.
78
Si
oi
Outside Market will be found on a preceding page.
&
33
J-J
mort 4s 1950
B'way & 7i!i Ave stk.100
lsi niorl
Street Itaiiway.n
Detroit United
I
:
1
1
1st
101
Ceut'l Oro.sstown stk.100
275
M-N
^
I
Lynn
126
1m
Cen
!2
Ohnsi
DEB
Dry
:c
100
120
FA
i
I-.1
2d
1...
mori
lsi
148
I..M-M
F-A
Avenue
stock.. 100
Sou Boulev 5s L945..J-J
So Fer 1st 5s
Third Avenue See Stock
Sixth
IS
{HI
Prefern
1
Unit
.'.I
1
106
119
1 14
"a
Kings
(Jo.
104
248
Wb'gdb
100
83 \
A-O
J-J
88
105
Flal Lsti
x
in
;
eo
101
.'is
JJ
I
Nor
}
1
1
J-J {109
M-N
i
Preferred
1
Bayer pays acorued
1
in
A
in
s
;,,'-.
L07
Grand
49
l
1'iel.
Bliss
Pri
i
loo
24^
.i..|
70
Car
\
{103
loo
Ci
.
i
-
!
1
41
...
1
Price per share.
M-N {104
t
S101
25 1*17
.1
oo
loo
w
i
>
105
ctfs...
ti
70
i
]
lo
lopper
i
a St<
i
I
a
t
3
io. ..
loo
onsolld Car Heatini
sale price.
1
58
42
05
i
ionsol
1'iei.
.
i
CousHv
a Ex
red
Ltg<S
rights.
-
d
LOO
i
50
1
105
Typewr com.. LOO 128
ISO
130
130
14k 16
20
12
74
77
128
2d preferred
U S Cotton Duck....
S Envi topi com.
ed
- Ri alty<S
LOO
i
:,i\
on
upbuild'
1'releiiedfw 111
60
94
10014
98<«
414
18
470
102 Hi
t
98
Ulin
Preferred
66
\ a
ao
Detinin
LOO
Preferred
\\ est ingb Air Brake. .50
Mill
115
6
33
37
75
l
Iron
100
(
hi
1
-.
00
,
55
5±
\\
5h
Knob Mime
bite
\\ oi
1
1
1
1
1
lt
Pump
31»4
70
16
56>a
20
a
23
05
com. 100
Refng.lOO
3"4
'
ed
160
LOO
102
l
100
22
112
75
i
\
115
22
03
00
.
i
i
102
IS
90
110
95
115
17
..
Hocl
1"4
h'ge
127
3»4
l
lomp
104%
i
Hudson
>
6!4
'
111
upper
I
1
Kxt
St k
lsi
(
1
1
men
ExCll
I
Minim
las—
1st 5s 1915
II
1
'
a
Bosl
i
Col<fi
I
t
Claflin
50
01
I
120
Hand
'erred
5. .J-J
o loo
Host.
,
6S
<V l'iii'iln
78
140
ouudry
2d
-
126
ed
i
90
m
5a L910-1914....J
IVxas
r
145
,SV<;
oi
32
1.10
i
19
so
Is
I
ili ill I
li
'
S3
1st 6a L908
\
sioe
Title i.uai
1'iii.-i...100
150
Title in- Cool N \
PrentonPu leriesco
18
15
]oo
lint
35
I
1
Borden's Cond Milk.
Preferred
107'.,
.v
lsi
100
6
red
'I
fl
Bond
78
1
U
1
lompany com
i
ill
Preferred
96
Preferred
1019
list
M-N {102 % 104
,
,
i.-A
8m
81 <a
070
&
City)
i
75
17
65
Preferred
J-J
su
Hi
300
10
loo
Standard Oil 01 N "j""ioo
Standard ouplercomlOO
100
erred
je l'ower
50
leliliessee
.
5s
com 100 103
Preferred
loo
Col Gas lsi 5s 1932 J-J
96
59
108
4
.i.i.
i
n
Heat,
90
<
i
vi
I
I
interest.
i
142
9
1
<
]00
.
lis
Barney &
'
76
-»
lis!
Typefi
I.
133
LOO
Preferred
1>4
5 4
io
'
Preferred
Am
(
stk Exch
97
V,
I
Amei
V
5
Straw board recto
Bonds
Amei
LO
140
100
118
CITIES
r
94
3
102
Preferred
preferred
U->4
ia
3,
:
Light & Tract. 100
40
42
Preferred
88 4 91
100
Baltimore lonsolldat See Bait list
Hay State Gaa
50
1% 1"«
193s i 92%
Bosto n list
Boston
nited Has b
Buffalo City Gas stock 100
10% 11
i
loo
American surely.
1
2Hi
t
280
: lied
Let
2d pi eie'
Amer
85
115
89
ila list
.
1
.Miii
idard Milling
I
Pre
1st 5s 1936
loo
60
li
..100
pn
112
1
loo
loo L50
M-JN .110
1st 5s 1930
OTHEB
SO
90
56
60
105 H, 107
nole
,
,'|S
I
'8
io;,
Simmons Hard
i
soc'n.100
Shipbuilding.
Preferred
Am Soda Foun eon
S.io
1948. .J-J {108 110
P >,, stuck Exch List
East River Gas—
:
{
320
17
Ry.100
Columbus (O) St Ky..lO0
100
110
Preferred
list
107
Roya
rated
i
A mer Hi ed
\
100
BnJtalo Street Ry—
1st consul 5s 1931. .F-A {lis "a 114%
1st
Deb 6s 1917
Detro
?106%
Chicago City Ky stk.100
220
Clue Union Trae See SI 'cl;
list
Cleveland (Jity Ry
100
115
Preferred
Colum Ry con 5s S
Crosst'wn lst5s':;
110'-,
5s...
HA
I.
lean
i
145
{117%
i
30
1
and Wiscel
Preferred
Ann
Amei
.-tori,
|
ev.
CITIES
Cleveland Elecl
Pitts
4
[\\ 1;
\ nier Bank
rote
American
Prefen ed
America a Cli
99
{
list
Stein way 1st 0s 1922.J-J
OTHKK
v
43
101
110's
III
i
as
i.
NYl, F
107
108
Elevated—
4s 1949 See
Nassau Idee pre!
5s 1944
lsi -Is 1051
8
9
.
d
S3
pri
Alliance Realty
16
M-N
las chili
103'.;
lsi
l.um'i
d
85 H
-J
Stk E
mutual
1st
103
110
105
m
ilver
Industrial
',
Exch
;
n v
400
115
I
151
PlttS Ll8<S
Is; consol 5s
101
GrSti
Gr'pt &Loriiuer si 1st 0s
82
Equit
\
106
360
101
1st 5s 1903
J-J
5s ert Is mil 1.1 1903. .J-J
BrkC & N 5s 1939.J-J
42
M-N
340
204
\ list
If
J-J
I
E
NEW ORE
v
38
28
Ills
.-
;
.
Coney Island* BklvnlOO
33
27
..i
N'ell
I
lellS
I
_
o
i
'.
New
<ins Securities
li
105
140
t-y
11
I
's
20
92 Hi
30 Hi
100 "a
87 Hi
92
150
102
Stk
115
102
Sub See Stk Fxch
Bklyn Rap Tran 6'eeStk
30
'g&Stan
i
New
li
12
408
Co<ft
9
40
102
,wt)
Chicago St...
114%
Bkn Hgtslst5sl941 A-O
......
I
in
{100
70
loo
Con
110
BROOKLYN'
Allan Ave 5s 1909. .A-U {103
Con 5s g L931
A-0 113
ni|.i 5s
Stook Exc
list
.An 102
Brooklyn City stock. ..10 247 %
Con 5s
Fxc.li list
Bklncrosstn 5s 1908.J-J 101
40
t
LOO
41
i
i
:
d
,
10
ins
113 >*
11 Hi
red
i,;
List
.
1
iV.
-San Iran
K.\
L80
113
Fxeh
111
6%
o
116
Unit
218
1
Tarry V\ P«£ U 6
YkersStKltos L946A-0
28th & 29th sis lsi
Twenty-Third St stk.ioo
J-J
Deb 5s looo
Union By 1st 5s 1942 K-A
Westchest 1st 5s '43 J-J
Bklut^
LOO
I
{1
I
BB4W
UO KVS
205
217
19
55
110
x list
X llsl
114
270
mgahela B
Prior lien
r-D
MetropoJ
Nmiii Avenue stock. loo
Second Avenue slock 100
\.
14
I".
•
34
I'.\e
See
-N'ai
i
8
6
\ a
.
10
1
-.os
Madison si| Garden..
2d Os 1919
Manhattan Transit.
Chicll
Clue
185
loo
I.
loo
d
7o
6a 1931. .J-D
liy
Av &
LOO "a
170
165
L50
L50
>
1st
M-N
42d &
42d Si M & SI N A
1st mort 6s 1910.
2d inconi
Lex.
180
ocklOO
Ry con
Pat
115
13
45
100
17
lsi
North
102
103
200
14
50
oo
Str stock. 100
<•
I04%l
100
scrip 6s L91
130
113%
...J-i)
lal
Cl:
99
101
(full
:
82
.100
loo
d
North
stk.100
v
i
120
loo
101
190
...)-!>
T
Lawyers' Title Ins..
Nat
110
I
Ex cli
220
I
17%
IS
74
^
10th
Louis
10
1110
'
{100
.l-.I
L3
82
10
-.100
list
2
8101
.
81
M-M
terred
N V <S Uol
Hob
.NOV 11:
'
10
<
105
100
Iiiteruat'lBankin-i
International Salt
100
1st g.i- L951
Intern't'l Silv 6s '48. J-D
>'.
M-N
C iiob.v Paterson..lOO
J-.i
1
N Vd
loo
100
Mosler Safe Co
National Bread
Preferred
National Carbon
17
.v
3
40
Oil
Preferred
Interboro li
40" paid
on
i
49
udiai
J
Excli
10U
loo
Preferred
2 IS
N\
Ask
Exch
uy
35
102
...l-i'
2d moil 5s 1914
2d
Ask
Bid
n:.u iroitK ill V
Kill Fstk 100
est
Houston
is"
Brooklyn Ferr
Street Itatlways
100
2
liuplOt
5s 1910
69^ 70
Coinpn
i'eri y
2d preferred
Hoboken Land&
Mex
17'-
Weekly Review
90
Hecker-Jones-Jew'l Mill
1st 6S 1922
M-S
Herring- Hall-MarvinlOl
1st preferred
loo
-
i
J-D
72
62
...20
212*
_07
i
A
00
20
Lawyers Mort
I
KingsCo ElecL&Pi
Narragan (Prov) El
N Y.teQ El L&Powl
on
Preterred
170 175
Stock
Hartford (Ct) Flee LtlOO
4s 1929
is
Havana Tobacco Co
Preferred (w i)
Havana Commercial
Preferred
^
10
L28
rslOO
107
1S4
120
S4
55
123
P
160
o
Hall Signal Co
John
<
Outside Securities
21
150
1
110
104
40
Companies
Pre
Kholsl Flee Protec
e.nheim
I
Hackensacl
105
101
30
105
175
110
78
47
120
io.;
125
o
89^ Greene Consol Coup
f
Chicago Edison !o.
Edison El 111 Brk 4s N
100
Co com
fg
:
Preferred
Commercial cable
loo
Commer Fn Tel (N Y).2
Emp & Bay State T( 100
Franklin
100
Gold & Stock
100
4%8, 1905
Hudson River Teleph 100 103 42 110
Nevi Eng Teh plume Set Bosto n list
Northwestern Tele^.. .50 122 126
N Y & N J Telephone 100 159 103
Rights
19 >2 20
5s 1920
M-N 112 113
Pacific & Atlantic
80
85
25
Providence Telephoi
112 125
Southern & Atlail
102
96
Tel Tel & Cable ot A
....
7
Electric
50
66
neral Chemical
.'
1
1
13'..
Preferred
37»4
89
J-J
6
Steel
102
I
$60,512
158,525
94,737
89,750
62,600
148.487
8,092
8.321
7
1
Preferred
90
1
BellTeleph of Buffalo 100
<fe So Amer. ..100
Ches& PotoTeleph.,100
6
5
Electro-Pm
Empire
Central
4.".
4
terred
50 1114^ 120
l
Total bonds..
22
19
J-D
190929
25
35
1
loo
& Telephone
Telepr
-
2
list
llllon
Nat«Sfe
79H
lied)..
1
Preferred
110
141 "a
71
937. J-J i 94
StPaulGas Geu 5s'44M-S j 92
Syracuse Gas 5s 1940.J-J {ldo
5s
$1,5S
2,32
820.
7,IM)0
.,
1
Electric Boat
70
s;
-
1st 6s 1926
Providence Gas
St Joseph Gas 5s
1901
Newos
i.J-D
i
United <+as<fcElec,NJ loo
Preferred
100
153,390.191
2,900,901
3,141,842
229.462,468
$275,383 350 $303,519,400 $14,497,08
$22,284,31
*418,200
$129,475
Par value
Doniiii 01
Newark Consol
s-
107
70
l,o
il
1
111)
Madison Gas 6s 1926. A-O
Newark Gas 6s 1944. Q-.J
5s 1948
IglOO
Distal'
6s'24.M-N
i
.
Stoclc
2
14
20
100
12
100H- 101
100
iaslsl
En)
[]
ion
O&IndCnn
1,316,500
2.900,901 $275,383,350
New York
34,000
1,S
!
28,811,000
1
10
.
100
i
$1,'000
$1,555,000
Bid
4s
ire
75
A-O
'e(
700
Saturday
49
50
L922
Laclede .as
Preferred
O S
Bonds
Par value
/Shares
"ilisor.
Consol Rubber Tire.
d..N
o
5s
Railroad &c
24
1902
and
ixtl'ia!
Gas—
M.N
Kansas City Mas
eks
Week end.inq
LXXV.
70
1st
Jai
WEEKLY AND YEARLY
DAILY.
Out
'
.
[Vol.
odia
I
Bank
:
1
THE CHRONICLE.
898
Oct
1
'
.
.
pret
82
79 U
14
.
loo
125
32%
80
14%
130
u
1
October
.' .
. .
; .
tor fMRoivTrJUR.
25, 1902.]
899
Investment and fjailtoad Intelligence*
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekl}' or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week cr month, and the last two
columns the earnings for the period from .Buly
to and including such latest week or month.
The returns of the street railways are brought together separately on a .subsequent page.
fi
Latest &ross
ROADS
Week
or
Earnings
Current
Month
Year
Previous
Year
July
1
to Latest
Current
Year
Latest Uross tLarmnj.
Date.
ROADS
Previous
Year
or
Week
Month
Current
Yea r
8
Adirondack..
AlaUt Southern
iexa
Ala
N O & No East
Ala A Vl< kBb'g
Vicksb ail & P.
Allegheny Valley
Ann Arbor
.
.
NO*
Ann Wa-hA'
AtchTop & S
Bal.
Fe.
Atlanta A bar..
Atl Knoxv & No.
Atlantic & Bum
All Coast Line...
Atl VaJd & west.
Bait A Ann S E..
Bait A Ohio....^
i
B& O
Soutliw.
\
Bangor Av Aroosl
Bath & Hatumon
Bella Zanes&Cu)
June
2d wk Oct
July
ChicInd&E'v...
Chic Milw <&StF
Chic & North W'n
ChicPeo AStL..
ChloKI &Pao...
lune
i
wk
Oct.
August
2d wk Oet.
September
July.
-'d
wk
Oct.
2d wk Oct.
August....
August
3d wkOct
2d wk Oct.
2d ^\k Oct.
1
Peoria &- East'n :d
Colorado A South 2d
wk
wk
Oct.
Oct.
OolNewb *Lau. August ..
Col Sand <v Hock 2d wk Oct.
August...
August
August
August
West. \ 2d wk Oct.
Kio Or.
Detroit Southern. 2d wk Oct
Det & Mackinac. August
DulSoBh A Atl.. IstwkOot.
August
..
Evansv & Indian 2d wd Oct.
Evansv & X 11... 2d wk Oct.
F'rchild&N'r Vn August
Farmv& Powhat August
FtW&DenvCity Augu-t
Georgia
KK
August
Ga South & Fla.. September
GUa Val O A N.. August..
Gr Trunk System 2d wk
GrTr. West'n. lstwk
DetUr H
Oct.
Oct.
A-M.. lstwk Oct
Great North'n—
&M
St P Miuu
East. 01 Minn
Auk ust
—
..
wk Oct.
wk Oct.
wk Oct.
3d wk Oct
3d wk Oct.
3d wk Oct.
2d
2d
2d
245,957
268,941
.
August
September
August
August
August ...
September
August
PM
Erie
lstwk Oct.
August
Wk Oct 11
215,957 Mobile & Ohio..c Septenmer
140.370 Nash Oh & St La. ~d wk Oct
20,90 1 Nat'lRy. of Mex
d wk Oot.
<2.31 1.572 Nev-Cal-Oregon September
269,977
21,384
19,325
235,045 Nevada Central August..
21,879
10,797
9,799
20,238 N Y O & Hud Riv September
5,461,691 4,997,338 16,188,073 14,706,286 N Y Out & West. August
N Y Susq & West August
261,580
141,306 134.751
243,716 Norfolk A West'n 2d wk Oct.
5,490
3,0*4
3,172
5,566 Northern Central August ..
33,178
18,420
15,907
30,835 North'n Pacific. September
14,734
5,422
5,029
14,169 Nor Shore (Cat)... August...
4,949
9,190
5,938
9,566 Pacific Coast Co. July
24,416
2,704
2,582
25,007 Penn— EastP&Ee August...
145,826 145,118 2,338,906 2,154,760
WestP&E^... AUgUSt ..
142,045
75.104
'JO, 521
63,879
Pere Marquette. 2d wk Oct.
399,700 399,772 4,959,604 4,559,003 Phila & Erie
August . „
954,000 759,000 12,232, sol 10,788,030 Phila Wilm &B.. AUgUSt. . .
20.356
34,177
0,037
13,274 Pine Blf. Ark. R... August...
190,570 171,200 2,548,411 2,098,918 Pittsb C O & St L September
997,552 1,443,816 3,227,018 4,423,180 Pittsb * West'n. March
1,939,670 1,848,806 1,939,070 1,848,806 Plant System2.090
30,088
1,466
2 8,474
Ala Midland.
278.303 348,023 3,948,439 4,999,883
Brims He W'n. June
890,286 850,618 1,096,700 1,678,276
Chas ASav...
5,171,300 4,1179,672 9,791,687 9,460,462
8av Fla & W.
154,200 121.700 2,101,785 1,800,436
SilSOc&G..
155,889 152,669 2,173,048 2,315,246 Reading Co.—
99,264
90,576 1,473,350 1.370,225
Phil k Read.... August.
3,964,075 3,904,050 7,025,465 7.546,097
Coal&IrCo.... August.
4,5 10,252 1,270,7111 12,737,144 12,459,796
Tot both Co's.. August.
133,92'.i
266.24
123,975
232,767 Rich Fr'ksb & P July....
P3910968 92906673 e7,709,256 »5,787,53
Rio Grande Jet.. August
1,200,210 1,083,581 3,121,080 3,050,137 Rio Grande So... 2d wk Oot
35,131
31,928
502,986
469,190 Rio Gr'de West . June ..
89,707
75,378 4,051,742 2.-77,751 Rutland
August
101,011
97,047 1,088,098 1,570,370 St Jos&GrI
August
397,623 396,022 5,845,603 5,779,961 St Louis & Gulf.. August....
50,491
777,013
51,873
755,453 StL&N Ark
August
415,220 108,511 1,796,521 1,612,928 St L & San Fran g 2d wk Oct
13,500
27,120
13,720
24,509 St L Southwest .. 3d wk Oct.
31,188
477.113
382,0-^5 StLVan&TH.. September
24,551
58,90 1
30,822
12.762
22,157 San Ant & A P... August
10.05S
10,005
18,046
21,328 San Fran &NP.. September
20,172
37,134
51,621
72,880 Sav Fla A West. Juue
118,673 110,424
219,030
194,311 Seaboard Air E.. 2d wk Oot
373,500 349,300 5,362.578 5,294,803 So C & Ga Ext... May
So Haven & East. August
32,337
27,664
401,773
300.082 -Southern Ind
September
07,504
68,933
133,031
137,001 So Pacific Co b... August
53,344
50,557
825,621
791,143
Carson & Colo. July...,
3,600,800 3,830,053 6,819,694 7,353,340
Central Pacific. July...,
7,735
0,000
117,253
101,824
Direct Nav. Co. July...
31,475
27,026
514,045
455,895
Gal Har & S A. July...,
2,858
3,301
5,836
5,919
Gal Hous a No July...
6,949
6,729
14,486
11,093
GulfW. T. A P. July...,
219,475 184,298
454,015
350,444
Hous. E. &W.T. July...,
164,426 139,428
320,921
267,516
Hous. A Shrev. July...
106,375
348,3 13
99,226
314,027
Hou8&TexOen luly...
25,516
25,103
49,905
52,142
Iberia <fe Verm. July
650,693 612,759 9,482,033 8,850,081
Louis'a West... July...
101,428
98,542 1,237,522 1,158,754
Morgan's E & T July...
25,708
20,824
315,224
311,907
N. Mex.& Ariz.. July...
268,941
August
eptember
August
August
Chic St
<&o. September
Chic Term Tr KK 2d wk Oct.
Choc Oki & Gulf 4th wk Mai
ClnNO&TPac 2d wk Oct
ClCinOhA StL. 2d wk Oct.
Copper Ran'^e....
Cornwall
Cornwall ..teLeb..
Cumberl'd Valiej
Deny. & Rio Or.
*
190,628 Mexican South'
609,828 Millen A So'w'n.
Mineral Range..
453,566 Minneap <ta St E.
223,565 M St P A 8 St M.
211
Mo Ean & Texas
68,930
Mo Pac & Iron Mt
548,339
Central Branch
September
178,957
58,850
52,880
eptember
5.^,973
17,751
8,800
August
<1201,955 <113400 <2,567.324
t'acith 2
<Sfc
202,216
743,062
Pacific
l
Cent'lot Georgia
Con t'l of N.Jersey
Central Pacific.
Chattan South'n.
Chesap & Ohio...
Alton Ry.
Chic
Chic Burl A Quiu
Chic <teE Illinois.
Chi en Western.
12,887
47,017
53,978
524,808
4thwkSept
67,118
211,05 4
239,095
4thwk>ept
36,327
211.3-3
4thwkSe t .t
42,779
277,432
Int
Inc. 27,347
August
539,670
3d wk Oct.
32,961
35,931
10,285
August
8,195
8,592
10,351
Total....
August
4,858,285 4,941,071 9,454.993 9,704,573 Mob Jack A K C.
Belletonte Cent'l
Bndgt & Saoo K.
Butt Alt ica A Are May
Butt Koch &
its 3d wk Oct
Buflalo it Susq... August
BurlC Bap A No .May
Canadian
Cane Beit
15,324
41,680
1
.
.
N Y T&Mex
September 3,954,250 3,424,899 10,748,671
Montana Cent'! September 158,472 172,063
502,171
Total system. September 4,112,722 3,596,962 11,250,842
Gulf&Shiplsland Juno
114,577
97,169 1,374,084
Hocking Valley 2d wk Oot. 113,707 111,226 1,808,954
Hous <k Te.\ Cent July
339,054 387,090
339,054
Illinois Central.. September 3,002,429 3,425,279 10,351,668
Illinois Soutberj September
13,013
11,923
39,185
Int & Gt North'n 2d wk Cct.
130,453 128,219 1,499,593
Interoc(Mex)... Wk Oct 4 10^,300
76,2o0 1,257,230
Iowa Central... 2d wk Oot.
55,705
61,079
720,401
Iron Railway
September
6,327
0,130
18,688
Kanawha A Mich 2d wk Oot.
18,512
22,300
216,864
Kan City Soutli'u August..
510.048 444,908
992,310
Lehigh Val KK August.. 1,017,128 2,445,737 3,000,079
Leh Val Coal Co. August..
128,593 1,779,025
246, 891
Lexing ii East'n. Augu. 1..
48,784
35,729
97,091
Eong Island
August.*
Inc. 22 ,419
Inc. 27
Lou.Uend.ASt.L. July
68,815
57,395
68,815
Louisv & Nash? 2d wk Oot. 661,270 598,275 9,650,000
Macon & Binu... September
15,538
8,710
36,998
Man'tee ifeGr.Kds August...
10,090
12,572
18,008
Manis & No East August
30,879
31,905
56,400
Manistique ..
September
7,950
2.491
33,110
Maryland A- I'enn March
20,622
19,530
195,232
JMexican Central 2d wk Oot. t432,218 334.295 1 5,724,308
Mexican I -item'1. Au«ust
533,803 498,549 1,061,573
{Mexican Ky
WkOct 4 103,300
81,000 1,338,100
5
..
July...
8,900,984
Oregon & Calif. July...
Sonora Ry
July...
492,834
So Pae. Coast... July...
)
9,393.818
1,030,849
1,582,678
387,099
9,984.209
35,299
1,360,529
1,003,400
700,453
18,801
291,885
825,830
SoPao RKCo..
July...
So Pac SS Lines July...
Tex&
NOrl..
July...
Southern Railw'y 2d wk Oot.
TerreH&Ind.. September
Terre H & Peor. September
Texas Central . 2d wk Oct.
Texas & Pacific.
Tex S V & N W
TiftonThom.&G.
Tol & Ohio Cent
Tot P & West
2d„wk Oct.
September
May
13.816
3,812
44.291
85,503
172,1 '35
109,020
774,000
21,000
795,000
4,363
595.268
184,836
143,520
24,144
Previous
Year
s
14,22
2,92
55,0o0
70,908
125.081
407,817
780,000
30,000
810,000
2,937
474,001
155,726
137,190
16,943
3,681
3,947
6,701,579 6,680,672
408,215 571,513
July
1
to
Latest Date,
Current
Year
Previous
Year
203,585
5.359
107,223
1,139,337 1,059,435
2,206,808 1,726,646
5,135,285 4.930,338
11,509,965 11,706,859
300,485
491,971
11,930,450 12,198,830
43.656
60,555
1,7)1,883 1,469,766
2,572,520 2,205,195
2,570,910 2,061,579
54,466
43,584
6,777
6,588
19,475,664 19,422,234
746,000 1,115,041
507.464
263,715
5,682,206 4,876.383
255,252
7,702
93.197
134,342 272,564
365,088 357.470
081,836 092,930 1,310,251 1,349,551
4,439,010 3,852,037 12,234,918 10,736,625
122,605
108,195
50,020
47,307
456,386
546,739
540.739 456,386
19,878,493 17,565,693
10100990 9,214,590
Inc. 9 20,300
Inc. 38 2,700
190,078 184,166 3.010,837 2,850,219
520,223 704,339 1,038.264 1,309,398
1,151,027 1,078,227 2,203,505 2,049.505
3,053
4,428
2,257
1,653
2,073,503 1,829,236 5,853,2»7 5,300,170
320,491 367,793 3,210,005 2,910,210
706,318
598,739
1,992,195 2,570,169
212,313 2,424,983
2,234,508 4,995,152
85,419
102,441
52,390
49,496
10,795
13,702
454.400
220,322
103,804
/(28,476
449,400
202,511
132,915
11,445
19,874
405.013
178,350
175,504
225,205
112,863
/593,739
240,337
18,173
20,409
497,691
178,411
201,001
233,805
128,438
/706.318
251,128
20.423
11,220
8,682
57,459
71,903
6,853,384 7,206.523
19,373
37,581
1,939,670 1,843,806
2,003
2,828
503.027 559,954
29,952
8, 951
13,770
13,488
64,880
60.863
10,211
13,391
339,054 387,099
4,937
3,938
175,899 137,749
384,159 587,189
20,301
27,090
32,904
25,584
333,966 28o,013
44,538
44,293
99,015
102,957
2,265,002 2,250,054
274.699
266,208 246,149
859,777 804,004
164,527 142,802
50,604
40,007
16,945
18,413
245,057 254,334
.12,900
11,800
13,477
9,790
55,009
61,078
29,791
32,089
55,152
55,386
9,401
12,373
'J
8,475,502
7,948,363
3.913.370 4,773,288
498,510 4,317,489
4,411,880 9,090,777
102,441
-85,419
102,029
104,180
182,722
167,0 U
5,341,151 1,908,081
390,009
429,482
180,143
208,250
22,567
A59.681
41,677
37,850
6,878,714 5,910,573
2,201,863 2,182,228
535,059
575,377
411,927
397,138
370,751
328,853
^8,475, 502 /7,948,368
3,442,273 3,194,590
201,959
256,882
18,082
14,076
203,840
161,893
13,779,078 13,928,200
19,373
37,581
1,939,670 1,848,806
2,823
2,063
503,027
559,954
29,952
28,954
13,488
13,776
64,880
60,863
10,21.1
13,391
339,054
387.099
3,938
4,937
137,749
175.899
384,159
537,189
20,301
27,090
25,584
32,964
280,013
333,966
44.538
44,293
99.015
102,957
2,265,002 2,250,054
274,699
246,149
200,208
12,084,084 10,663,899
417,848
453,999
141,829
147.276
172,813
162,998
2,835,409 2,987,779
31,400
33,000
95,228
133,383
906,029
964,594
3d wk Oct
352,707
347,461
2d wk Oct
4,550,592 TolStL&W.... 2d wk Oct
761,935
857.001
3,204,334 Tor Ham & Butt lstwk Oct.
139,291
116,800
07,220 Union Pac RR
Oreg RR & N
,338
August.
4,329,598 4,123,595 8,525,740 8,072,237
57,395
Oreg Sh Line.
8,388,013 Wabash
3d wk Oct. 450,920 407,283 6,773,172 6,104,765
25,131
1,129.231
Jersey & Sea'e August
694,350 651.150 1,212
23.122 Wheel &, LE.... 3d wk Oct,
4,71>7
1,280,155 1,121,041
82,781
12,
58,091 Wichita Valley.
10,775
August
7.413
5,331
.
.
.
W
i
Wui'sport&N.'Br. August...
179,255 White Pats &Y'n
4,633.278 Wisconsin Cent.
049.773 Wrightsv & T'n.
1,068,800 Yazoo & Miss. V
3d wkSept
3d wkOct
August...
September
19,070
126,290
141,500
12.2
588,747
35,023
29,719
126,822 2,129,281
22,998
9,277
464,710 1,535,024
1,927,001
15,093
17,475
1,304,078
* Figures from Dec. 1 are tor the railroad only.
§ Covers results on lines directly operated.
IMexican currency, a Includes Paducah & Memphis Division from July 1 in both years, t Results on Monterey & Mexican Gulf are
included rrom March 1, 1902, but for no part of laOi.
e (overs lines directly operated, including the Buffalo &Alle'y Val. Div.for both years,
k includes the Houston A Texas Central and its subsidiary lines. Earnings oi the Cromwell Steamship jL,me, not previously reported, are
now
c Results on Montgomery Division are included in both years.
° iucluai>(1
rflncludes St. Paul & Dulutu tor both years.
*m,
J luese figures are the results on the Ala. Midi., Brunswick A West., Charles. A Sav., Sav. Fla. A West'n and Silver Springs Ooala & Gulf,
lhese figures include, besides the St. u & 3. V. proper, the Kan. Citv Ft. Soott & Meiu.systeiu and Ft, Worth & R. G.
A From May, 1902.
includes sundry acquired roads, i Including earns, of the Hanoook & Oalu. both years, t Including earns, of the Sav.Flor. & West.in both.
years, v Includes $31,292 other income in Aug., 1902, against #126,777 in Aug., 1901, and $201,242 and $321,174 respectively from July 1
-
fir
.
.
.
.
!
Totals for Fiscal Year.
In the full-page statement on the preceding page we show
the gross earnings of all roads for the period from July 1
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
still have their own fiscal years.
These with their dates are
brought together in the following.
[Vol.
1st \eeek of October.
1902.
Roads.
9
Current
Jan.
Allegheny Valley
Atlanta A Charlotte Air Line. Apr.
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan.
Jan.
Jan.
Bellefonte Central
Central of New Jersey
Chattanooga Southern
Chicago & North- Western.... June
Chloago Booh Island A Pac. Apr.
Ohio. St. P. Minn. & Omaha.. Jan.
Cumberland Valley....
Jan.
International A Gt. North'n Jan.
Manistee A North Eastern. . Jan.
Manlstique
Jan.
Jan.
Mexican Centralt
Mexican International....... Jan.
Mexican Railway
Jan.
Mexican Southern
Apr.
Missouri Pacific
Jan.
Central Branch
Jan.
Total
Jan.
National RR. of Mexico
Jan.
Northern Central
Jan.
North Shore
Apr.
Pennsylvania.Eastof P.AE..* Jan.
West of P. & E
Jan.
Pere Marquette
Jan.
Philadelphia & Erie
Jan.
Phlla. Wllm'g'n & Baltimore. Nov.
Pitts. Olncln. Chic. A St. L.
Jan.
Rio Grande Junction
Deo.
8t. L. Vandalla & Terre H.... Nov.
South Haven A Eastern
Jan.
Terre Haute A Indianapolis.. Nov.
.
A
Peoria
Nov.
Texas A Paclllo
West Jersey A Seashore
Jan.
Jan.
Jan.
Wichita Valley
These figures Inolude the Buffalo
The operations
Included from March 1. 1902.
both years,
t
Ino
212,366
Aug. 31
945,079
891.249
July 31
43,189
30
36,667
Sept.
30 10,659 855 12,516,797
Sept
86,623
68,766
Oct 14
Sept 80 16,737,512 16,372,898
Aug. 3i
Aug. 31
Aug. 31
7,326",6"76
Oct 14
3,77.^,864
777,504
228,643
84,371
Oct 14 15,969,977
4,172,287
Aug.
8.810,600
Oct
505,892
Oct.
28,312,006
to Oct
826,695
to Oct
29,13 i,701
to Oct.
6,863,849
to Oct
5,402,845
to Aug,
282,384
to Aug.
73,298,369
to Aug,
Inc.
to Aug. 31
to Oct 14 7,663.039
4,056,683
to Aug. 3
to Aug. 31 9,9^9,278
to Sept 30 16,692,661
410,516
to Aug. 31
to Sept 30 1,985,355
47,377
to Aug. 31
to Sept. 30 1,574,313
491.771
to Sept 30
to Oct 14 8.103.78S
to Aug. 31 2.789.883
39.617
to Aug. 31
„
Terre Haute
Tear.
of the
Aug. 31
Sept 30
6,791*055
889,719
3.729 937
235,869
81,466
13,4^9 765
3,879,911
3,264,100
431,464
27,836,614
1,090.107
28,926.721
5,958,056
5,300,345
251,103
66,017,169
4,260,600
7,118,887
4.2!'4,114
9,727.778
15,057,227
404,371
1,844.269
39.198
1,433,906
506,250
8,535,251
2,621,883
45,970
A Allegheny Valley Division In
Monterey A Mexican Gulf are
the table whioh
follows we sum up separately the earnings for the latest
The table covers the second week of October and
week.
hows 7 '84 per cent increase in the aggregate over the same
Weeks.—In
Latest Gross Earnings by
last year.
2d week of October.
1902.
9
Alabama
Gt. Southern.
Buffalo Rooh.
& Plttsb'g
Canadian Paclllo
Chattanooga Southern...
Chicago A East. Illinois
Chloago Great Western
Chlo.lndlan'llsA Loulsv
Chlo. Term. Transfer .
Cln. N. O. A Texas Pac.
Clev. Cln. Chlo.
Colorado
A
A
St. L..
Southern..
Sandusky a Hooking
Denver A Rio Grande*
Col.
-
Detroit Southern
Evansv. A Indianapolis
Evansv. A Terre Hauta
.. j
Grand Trunk...
Grand Trunk West
Det. Gr. Hav. A Mllw.
Hooking Valley
Intern'i
&
>
. .
Gt. Northern.
Kanawna &
Michigan...
Nashville
Mexican Central
Minneapolis A St. Louis
A
50,491
115,220
31,188
373.500
32,337
7,738
31,47c
9
47,017
33,696
145,418
759.000
171.260
1.466
348,923
121.643
162,66^
90,576
31.928
97,047
396,022
51,873
108,511
St. P.
.
&8.
Ste.
M
A Iron Mt...
Mob. Jackson A K. City..
Mo.
Pacific
Nashv. Chat. & St. Loals.
National RR of Mexloo.
Norfolk & Western
Rio Grande Houtnern
St Louis a. San Fran
St.
A Paclnc...
Toledo * Ohio Central..
Toledo Peoria 4 Weat'n
Toledo St. L. A West
Texas
Net Increase (784
*
5,837
1,154
14,906
195,000
19,310
630
10,408,330
9.773,721
847,040
634.609
212,431
&
1,382
37,934
113,707
130,453
55,705
lll,22t
128,2 is
61,079
22,360
2,481
2,234
598,27,*
62,995
97,923
8,595
47,854
1,803
28,000
4,363
2,937
184.836
143,526
865,68s
190.078
425,819
73.857
132,500
155,726
137,190
357,470
184,166
10,795
405,01b
165,293
240,337
804,064
18,413
254,334
58,283
29,791
55,152
401,315
69,133
121,361
9,681,982
172>35
.
497,691
159,41v
251,128
859,777
16,945
245,057
59,101
32,08i
55,3^6
p. o.)..
«...
Year.
$
Net Earnings.
('iirreiit
Previous
ear
Year.
$
l
CCA
Rutland—
Apr. lto June 30
g563,426
128,438
Ban Ft. A N. Pac. a.Sept
376,751
July 1 to Sept 30 ...
Wheel. A L. Erie. b. Sept
351,221
July lto Sept3o.... 1,048,160
g273,438
55,016
rl90.663
112,863
328,858
309,892
908,602
154,380
78,866
239,947
g 45,668
53.395
143,981
112,865
290,369
a Net earnings here given are after deduotlng taxes.
b Net earnings here given are before deduotlng taxes.
t Thirty per cent of gross earnings.
g These figures were last week erroneously reported as being for the
September quarter.
Interest Charges and Surplus.—The following roads, In
tddition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
»bove or deficit below those oharges,
—Int., Ren tuls, etc.
Bal. <>' \ it Bam'gs.—,
(uncut
A Blrm'gh.Sept.
July lto Sept 30....
Ohio. <te E. Illinois.. Sept
July 1 to Sept 30
Lowell Elec. Lt. Co. Aug.
July 1 to Aug. 31
RloO'ande Junot...Aug.
Deo. 1 to Aug. 31....
*
ear.
1
cm
vious
/'."'
1
*
ar.
1
mi
'Ills
.
i
ear.
$
9
2,471
6,637
135,457
408,083
1,289
2,549
7.708
69,374
2,083
6,250
128.786
394,019
115,785
22,675
67,425
1,673
7,708
69,374
3,386
14,414
•170,309
*451,094
4,659
7,676
7.141
53,780
1,202
2.686
•101,764
•334.011
2,541
4,102
8,011
51,937
41,310
2?, 771
68,313
163,125
32.341
86,955
6,763
30,624
75,668
907
After allowing for other lnoome reoelved.
Philadelphia Company.}
Results now include the Pittsburg Railways Oo., operating the Consolidated Traction and all the other railroad properties controlled in
Pittsburg.
September.
Jan. 1 to Sept. 30.
.
.
1902.
7,000
1901.
58
ife
—
,
1902.
$
1901.
$
10,108,976
5,725,808
8,891,523
4,845,394
363,345
15.8s9
4,38 M68
1,2x9,347
4.046.129
404,715
Tot. earns. A other lno.
Deduot'ns from lnoome*.
619,721
191,503
379,234
36,092
6,612.515 4.450.344
806,477
830,001
428.218
343.142
4.806.038
4.120.848
216,709
106 437
166,678
99,167
2,048,985
986,865
1.490.307
892,417
265,845
3,035,860
2,362.724
Net income of oomp'y..
105.072
77.297
1.770.188
1.738.119
Prop, tooth, than Phil.Co.
10,791
55,713
938.216
574,871
323,146
6.874
1,085,793
Gross earnings
Operat'g exp's and taxes. 659,529
Net earns, from oper't'n 426,264
193,457
Otherlnoome
1,426
29,110
6,336
8,2(8
5.91*
2,907
92,678
135
58,541
4,999
376,684
net lno.
104,937
18,756
1,765,189
1,362,435
Total lnoome.
1,468
9,277
818
Interest on funded debt.
Dividends on pref. stock.
2,298
234
24,504
4,724
11,139
870.157
758.82a
—
9
9
Ann Arbor. b
Aug.
159,352
156.977
58,479
52,778
July 1 to Aug. 31....
296,889
300,804
102,738
102,229
Atlantic A Blrm'gh.Sept
17,751
8.860
5,857
3,285
July 1 to Sept 30....
53,973
26,904
21,051
8,836
Cent, of N.Jersey .a.Sept
997.552 1,443,846
134,490
651,435
July 1 to Sept 30.... 3,227,018 4,423,180
65-.074 2,017,704
Jan. 1 to Sept 30... 10,659,855 12,516,797 3,110,189 5,413,615
Ohattan'ga South. aSept
9,743
7,255
def.3,946
1,643
Jan. 1 to Sept 30....
82,751
65,927
7.60J def.29,300
Chic. A East. 111. b.. Sept
619,332
506,071
296,598
225,720
July 1 to Sept 30 ... 1,726,705 1,501.450
785,158
673,566
Lowell Elec. Lt. Co. Aug.
16.016
13,340
3.448
5,948
31,464
July 1 to Aug. 31....
26,301
10,224
5,775
Manlstlque.b
Sept
7,950
2,491
681 def. 4,299
Jan. 1 to Sept 30....
84,371
81,466
40,831
31,595
Manistee A Gr. Rap. Aug.
10,090
12,572
1,246
3,727
18.608
July 1 to Aug. 31....
23,122
2.920
4,998
Mo. Pao A It. Mi. b. Aug. 3,312,546 3,500,450 1,180,375 1,881,213
Jan. lto Aug. 31. ...23,599,579 23,441,355 7,245.661 8,472,969
Pitts.
St. L.a Sept 2,073,503 1.829,236
629,476
629,660
Jan. lto Sept. 30.. ..16,692,661 15,057,227 4,517,760 4,333,856
Bio Grande Junot..Aug.
49,496
62,396
fl4.S49
fl5,719
410,516
404,371 fl28,155
Deo. 1 to Aug. 31
1121,311
5,374
3,848
a.
-
Tear.
Roads.
Apr. 1 to June 30
San KranANo.Pac Sept
July 1 to Sept 30....
111,334
first week of October our final statement covers
and shows 6'49 per cent lnorease in the aggregate
over the same week last year.
For the
Gross Earnings.
Current
Previous
--
Rutland-
Including Rio Grande Western.
57 roads,
A
Roads.
6,709
612,759
409,620
742,000
20,000
Net Earnings Monthly to Latest Dates.— The table follow*
ing shows the gross and net earnings of Steam railroads
reported this week.
full detailed statement, inoluding all
roads from which monthly returns can be obtained, is given
once a month in these columns, and t'~° latest statement of
this kind will be found in the Chbomcle of Oct, 18,
1902,
The next will appear in the issue of Nov. 22, 1902.
Atlantic
1,601
650,693
334,295
76,908
125.081
407,817
714,000
27,000
p.o.l.-i
i
3.2*0
8,688
3,203
3,964
27,62t
18,51*
2,972
—
24.20C
4,673
1.735
3,849
661,270
432,21V
85,503
9
209,459
25,20.E
349.300
27,664
6,00(
9
788.317
4,289
1,545
26.050
22,300
4,589
70,620
6,63*;
1S.70<
Louis Southwestern..
Wheeling A Lake Erie
Decrease.
9
9
24,551
10,440,805
Minn.
Increase.
>
IowaCentral
Louisville
41.680
32,542
160,324
954,000
180,570
2.0 9 e
278,303
146,848
155.889
99,264
35,131
101.011
397,623
1901.
Decrease.
Previous
Tear.
Increase.
9,541,678
24,103
24.O90
76,2*0
81,000
14,227
12,373
Net lnorease (6'49
Period.
1901.
LXXV.
Previously rep'd <51rMs) 10,120,536
Sandusky & Hook'g
28,342
Detroit Southern.
25,635
Interooeanic (Mex.).
102.300
Mexican Railway
103.300
Mexican Southern
18,816
Toronto Ham. Buffalo.
9,40
Col,
Latest Orost Earnings.
week
>
THE CHRONICLE.
900
*
—
!
Phil. Oo.'s Int. In
•These deductions Inolude the following items: Rentals of leased
companies, interest on current liabilities and tenement expenses.
Consolidated Gas Co. of Pittsburg, Allegheny ill. Co.,
t Includes
Allegheny County Light Co., Chartlers Valley Gas Co., Union Gas
Co. of MoKeesport, Equitable Gas Co., Pittsburg Railways Co.
J..
October
—
.
THE CHRONICLE.
25, 1902.J
901
— Gross Earnings. —
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all btbbet railways from whioh we are able to obtain weekly or monthly returns.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Qross Earnings.
Gross
Earnings.
Week or Mo
Chicago
&
Our rent
Previottt
Tear.
Tear.
$
860,237
34,335
September
39,283
19.347
44,090
Dayton ATol. Tr. September
Newp. & Coving.
Light & Traction t. August
A
Date.
September 106,950 82,131
666.293
4,417
September
3,880
27,743
September 21,4*1
23,547
August
21.490
141,326 134,658
September 1.124,383 1 080,158 9,840.516 9,379,545
6,460
•eptember
5,520
52,148
45,185
635,373 619,344 6171,277 6109,356
August
Cin.
Oin.
Citizens Ry.
to Latest
Tear
8eptembt-r
Mil. Ele<\
Jan. 1
Prev'us
Our'nt
Tear.
9
American R'ys.Co.l.
Athens Eleotric Rv.
Aur. Elgin AOhie. Ry.
Bingham ton KR
Br'klyn Rap.Tr. Co.
Burlingt'n (Vt.) Trao.
Canton- Akron Ry.. )
Cant-Mass'ln Ry.
Charleston Cons. Ry.
Gas A Eleo
147,406
132,158
74,525
96.118
38,644
19.197
707,432
535,784
Light
September
8,833
6,126
63,164
52,815
3,512
September
31,529
3,508
31,343
September 217.967 229,789 1.846.568 1,689,229
September -.27,430 30.464 216.935 189,025
September 13,498 18,822 144,461 124,184
21,066 17,556
91,649
82,152
Dart & W'port St. Ry August
2d wk Oct. 6o,s88 58,408 2,711,3*7 2,363,795
Detroit United
(Muscatine, Iowa)
City Elec. (Rome.Ga.)
Cleveland Eleotrio .
Cleve. Ely & West...
Cleve. Painsv. & E.
.
Detroit & Port Huron
Shore Line.
Detroit Upsila'ti Ann
Arb. & Jackson Ry.
Dulnth-Sup. fraot. i
DulnthSt. Ry.... i
East. Ohio Traction..
Elgin Aurora & Hon
Galveston City
Harrlsburg Traction
2d
J
.
wk
Oot.
6,794
September
Septembei
September
September
336,756
30,530
May
September
August
August
September
Lehl gh Traction
London St. Ry.(Can) September
Los Angeles Railway July
Mad. (Wis.) Traction September
Met. West 8ide Elev.. September
Mil.Eleo.Ry.&Ll.Co. septembei
Mil. Li. Heat <*zTr. Co September
August.,...
Montreal Street Rv
Musk. Tr.A Light. Co.
Street Ry. Depart.. August
Eleotric Llgh Dep. August
Gas Department... August
August
Nashville Ry
New London St. Ry.. September
Northern Ohio Tract. Septembei
Northwestern Elev.. September
Oakland Trans. Cons September
Olean St. Railway.. June
Orange Co. Traction. July
August
Paciflo Eleotrio
Philadelphia Co. J.... September
PottBV'e Union Trao. July......
Railways Co. Gen.—
Roads
September
Light Co's
September
Railway .. September
Rochester
Sacramento Electric
Septemf er
Gas A Ry
Septembei
St. Louis Transit
Sioux City Traction.. August
South Side Elevated. September
Intern'l Ry. (Buffalo)
Lake Shore Eleo. Ry
5,697
46,378
38,933
392,901
21,008 17,792
37. 80S 34,169
308,241
17,734 10,562
56,714
38.390 35,709 345,126
369.535 *286,160 2,234,762
47,968 44,454
285,823
6,379 11,688
74.717
18.157 15,033
115,660
118,777 91,559
804,129
6.538
59,334
164.626 132,339 1.408,181
•255.81* 209,53a 2,001,428
35,349 31,549
l»9.405 181,860 1,364,072
13,917
1,933
2,503
73,07"
7,163
67.492
95,92'
82,116
6,569
13.0t9
68.60
i
085,793
17.U64
26,126
1,903
11,135
1,895
2.153
61.932
7,500
59,242
81,098
70.285
5,954
13,387
275,371
332,410
275,566
41,021
292.982
1,787,764
231,724
97,051
106,708
609,197
1,227.677
1,776,849
1,259,535
Previous
Year.
Year.
Roads.
$
$
Brooklyn Rap. Tr.a.Sept 1,124,383 1,080,158
3,587,738 3,411,100
July 1 to Sept 30.
Charleston Consol. Rail39,283
38,644
way Gas & Eleo.. Sept
580,705
418,942
Deo. 1 to Sept 30.
19,347
19,197
Ohio. & Mllw. Eleo Sept
147,406
132,158
Jan. 1 to Sept.3o
323,6)8
282,330
Oetroit United. a... Sept
Jan. 1 to Sept 80.... 2,575,695 2,245,842
Detroit & Port Huron
Sept
39,770
Shore Lin a
35,687
137,658
125,947
July 1 1 Sept. 30....
Citizens' Ry. & Light—
(Muscatine, la.). .Sept
8,833
6,126
63,164
52,815
Jan. 1 to Sept. 30....
Bufi. & Williamsv. Elec—
5.375
5,698
July 1 to Sept 30....
18,157
15,033
Lond.8t.Ry.(f'an.)aSept.
115,660
106,708
Jan. 1 to Sept 30....
Mlddlet'n & Gosh. Elec—
18,416
20,293
July 1 to Sept 30
207,749
15,894
167,159
14,654
91,872
39,346 349,998 307,309
61,921 500.48b 4,731,257 4,301,894
22 512 20.944 160,225 138,407
114,858 101,941 1,042,783 964,503
Springneld(Ul.)Con
September 18,758 16.016 140,231 122,382
September 61,164 53,992
September 21,974 17,58* 186,850 131,702
Septembei 127.63b 114,667 1,069,0">8 959 099
Wh.Oot.18 35,880 31,529 1,432,768 1,300,876
2d wk Oct 66,225 62,330 2,802,063 2,461.729
August ... 38 390 33.106 222,267 182,369
Union Trao. of Ind.. September 85,679 67,663 703,740 539,245
United Traction—
Albanv City < September 132,606 122,200 1,137,299 1,007,394
Ven'go Pow. ATr.Co August
24,310 15,728
Wash. Alex. & Mt.
Vernon Ry
June
17,313 15,457
Syracuse Rap.Tr Ry.
Tol. Bowl.Gr.& 8o.Tr.
Toledo Rys. & Light.
Toronto Railway
Twin City Rap. Tran
Union (N. Bedford!
$
$
415,548
1,378,856
12,768
254,638
12,359
87,591
146,626
1,129,196
14,481
154,038
12,649
76,040
129,043
1,016,979
16,280
62,751
14,111
62,791
2,438
22,129
1,446
3,445
9,509
44,849
3,261
7,179
40,790
4,459
5,485
98,612
200,147
3,350
21,554
27,846
199,439
.
170,407
402,877
7,500
30,758
59,242
462,800
103,440
195,996
2,431
21,853
31,495
247,761
45,809
52,664
316,393
18.757
140,231
127,639
Toledo Rys. & L'ht.aSept
Jam 1 to Sept 30.... 1,069,058
339,669
Twin City Rap. Tr.. Sept
2,667,094
Jan. 1 to Sept 30
39,346
275,203
16,016
122,382
114,667
959.099
308,393
2,340,164
22,949
165,491
7,574
New London St. Ry.Sept
July 1 to Sept 30 ...
North. OhioTrao.a Sept
Jan. 1 to Sept 30 ...
Sept
Ry
Sacramento Eleotric Gas
& Railway Co.... Sept
Feb. 1 to Sept 30
Sprlngtt'd (111.) Cun.Sept
Jan. l to Sept 30
Roohester
—
.
65,638
522.470
209,058
1,475,774
20,600
146.23C-
6,900
64,156
498,214
185.262
1,271,318
d Covers only about one half total mileage, Elgin branch not yet
being In operation.
Interest Charges and Surplus.— The following Street
and net earnings given in
the foregoing, also report oharges for interest, &c, with the
surplus or deficit above or below those oharges.
railways, in addition to their gross
Rentals,
etc.
—
-Bat. of Xet Earu'gs.-.
Roads.
Buff. & Williamsv. Elec—
July 1 to Sept 30
Charleston Oonsol. Rail-
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
.
309
312
•3,296
•3,185
12,575
167,546
12,761
62,871
193
87,092
1,720
91,167
...
1,732
1,780
*1,969
*1,608
Mlddlet'n & G-sh Elec—
July 1 to Sept 30....
2,446
3,952
•2,133
*1,594
Sept 30...
Sept
47,508
137,895
12.907
115,463
24,833
45,653
133,446
12,031
98,722
*57,212
•62,200
18,588
132,298
*22,866
*54,002
•70,307
15,815
100.717
Saoramento Eleotric Gas
Sept
A Railway Co
Feb. 1 to Sept 0....
Twin City Rap. Tr...Sept
Jan. 1 to Sept 30
10,335
84.686
77,733
688,283
9,344
74,756
75,375
660,773
12,614
80,805
£131,325
t787,541
11,256
71,481
way Gas &
Eleo.. Sept
Deo. 1 to Sept 30....
Corning & PalDt'd Poet-
July 1 to Sept 30
New York & Queens Co.—
July
52 664
«
516,802
1,705,965
192,699
451,591
7,163
30,542
67,492
551,899
91,872
l to Sept 30
Jan. 1 to Sept 30....
July
Current
549.291
483,848
66.245
58,682
551,899 462,800
847,973 736,821
694.507
25,526 '"28,752
55.381
55,170
Net Earnings.'
Current
Previous
Year
Yeetr.
New York & Queens Co.—
— Int.,
938,216 10,108 976 8,891,523
19,122
94,725
93,197
20,753
1,602
Current
1
to
Sept 30
Jan. 1 to Sept. 30....
Northern Ohio Trao. Sept
Jan
1 to
Rochester
Ry
I-
*
t
U09.887
1610,545
Includes other income.
Including dividends paid on preferred stock.
>
ANNUAL REPORTS.
"These figures are for the corresponding period of 1900, as the figures for 1901 were unusually heavy, owing to the Pan-American Exposition at Buffalo.
Lehigh Valley Railroad.
(Report for the year ending June 30th, 1902,
t Beginning with Angus* results for 1902 are for Cincinnati Newport
The company, having changed its fiscal year to end June
A Covington Light & Traction Co. Figures for year to date seem also
30 instead of Nov. 30, as formerly, has it-eued its annual reto have been revised at same time.
port, with comparative figures for the years ending June 30,
: Results now inolude the Pittsburg Railway Co., operating the Consolidated Traction and all the other controlled properties in Pittsburg.
1902, and 1901.
Very foil abstracts are given on pages 910 to
{ These are results for properties ownea.
913, including the remarks of President Walter, with tables
6 Figures for 1901 are for Canton-Massillon Ry. only; In 1902, since of earnings, expenses, ^tc
in detail, and the comparative
June 1, are fur Canton Akron Ry., including Canton-Massillon Ry. balance sheet; also the Coal Company operations; and below
The latter separately
$19,344
,
earned in August, 1902, $26,432, against
are
In the corresponding period lnl901.
some
interesting traffic figurts:
OPERATIONS.
Street Railway Net Earnings.—The following table gives
the returns of Street railway gross and net earnings reoeived
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print eaoh week all the returns reoeived
that week, but once a month (on the third or the fourtb
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of Oct. 18, 1902. The next will appear
in the issue of Nov. 22 1902.
—
— Gross Earnings. —
.Ye I
Earn in gs.
Current
Roads.
Aur 'ra Elg. & Ch. Ry. Sept.
Corning & Paint'd PostJuly 1 to Sept. 30
Previous
Current
Previous
Year.
Tear.
Year.
Tear.
$
$
.121,451
10,402
9,662
$
dll,031
3,617
$
3,095
Average miles of road operated
Total revenue train miles
Gross earnings per mile of road
Net earnings per mile of road
Number
Number
1901-0?.
1,387.
11,611,808
$17,497
$3,330
4,308,497
208,56 J ,926
43*41
1*757 cts.
4,010,713
97*22 ots.
of passengers carried
of passengers carried 1 mile
Aver, distance each pa9sen.oar'd (miles)
Aver, revenue per passeBger per mile...
Paosen. tr. mileage (exolud'g express)...
Pas«enger train earns, per train mile...
Aver, number of passen. in eaoh train..
5200
No. tons carried (revenue freight)
18,174,886
Tons one mile (revenue freight)
3,418.884.789
Freight train mileage
7,323.684
0*554 ots.
Aver. rev. p. ton p. m. (rev. freight)
$2*59
Freight rev. per train mile
Aver.. No. of tons in each tr. (rev. fr'ght)
46683
Average number of tons In eaoh train
487*82
(Including oompany's supplies)
-V. 75, p. 849.
190001.
1,386
12,079,453
$16,942
$3,474
4,456,732
160.953,677
36-11
1*857 ots.
3,993,877
80*40 ots.
4o-30
18,511,063
3,606,697,936
7,775,099-
0*524
ots.
$243
46388
483*84
4
J
.
THE CHRONICLE.
902
Great Northern Railway.
year ending June SO, 1902.)
Statistics.
LXXV.
[Vol.
—The comparative operations, etc., follow
( Report for the
:
OPBRATION8, EARNINGS AND CHARGES.
The annual report
of Mr. J. J. Hill, President, is given at
length on pages 914 to 981, together with the revenue and income aocounts and the general balance sheet.
On pages 921 and 922 will also be found an authoritative analysis of the company's operations during the past five years,
showing the remarkable development of the business and the
increasing economy with which it is done; also a comparison
of results for the three companies operating lines from the
Great Lakes to the Pacific coast under single management.
The earnings and expenses of the Great Northern Railway,
compiled in the usual complete form, are shown below.
The first table includes the operations of the railway system the second table gives the income account of the Great
Northern Company, and the third table shows the results for
the entire system, treating all as if one corporation.
OPEHATIONS AND FISCAL RESULTS OP RAILWAY SYSTEM PROPER.
1898-99.
190102.
1900-01.
1899-00.
4,786
5,202
Av. miles operated..
5,076
G 5,249
1901-02.
Aver, miles operat'd
Operations—
Pa9s. carried (rev.).
Pass. car. 1 mile
Av. ratep. pass.p. m.
Fr't (tons) car. (rev.)
do
do
1 mile
Av. ratep. ton p. m..
Gross earns per mile
Earns, p. fr't tr'inm.
Earns, p pass. tr.m.
1900-01.
1899-00.
162
162
220,443
237,466
3.821,253
3,602,413
2-8 44 ots.
2-919 Cts.
1.116,526
1,016.804
37.757.996 82,27«,964
1-850 Cts.
1-840 ots.
$1,384
$4,844
$1-811
$2139
43-65 ots.
45-04 cts.
206,890
158,187
1,221,566
1,304,841
668.386
72,427
26,506
Earnings—
$
Freight
Passengers
Mall, express, etc
.
1898-99.
165
172
$
694.757
111,559
29,432
597.100
102.471
22,395
614,707
93,046
25,233
;
Equipment—
Locomotives
Passenger equipm't
Freight equipment.
Operations—
608
486
568
425
550
427
541
392
26,545
24,493
22,934
19,861
3.493,245
Pass, carried (No.)..
2,717,851
2,407,311
Pass, carried 1 mile286,320,423 214.392,859 195,585,382 169.882,867
2-290 ots.
2-378 ots.
2-208 Cts.
Av. rate p pass.p m. 2*327 cts.
Freight(tons) oar'd* 13,237.363
9,925.811
9,676.771
215R212794
Fr't (tons) car.lm.*3190217-82 2481751195 2504792882
0-871 cts.
0-899 cts.
0916 cts.
Av. rate p ton p.m.* 0-859 ots.
336
418
Av.tr.lo'd(rev.)tons
381
357
$1-1296
$1-5197
$1-2245
$1-2192
Earns.p pass.tr'nm.
$3 38
$3 13
Earn, p.fr'ht tr. m.
$3 64
$3 26
$5,227
Gross earns, per m.
$6,864
$5,450
$5,696
Company's freight excluded.
Earnings —
$
Passenger
6,662,173
*
4,909.333
21,623,654
1,817,703
4,652,091
22,533,020
1,725,678
3,750,338
19,779,209
1,488,356
36,032,255
28,350,690
28,910.789
25,017,903
4,702.479
2,726.283
8,915,425
1,444,977
1,239,694
4,402,157
2,354,311
7,751,339
1,335,613
969,642
4,330.359
2,114.408
7,122,817
1,309.993
990,798
3,478,925
i;595,188
5,989,018
1,100,871
9-7,359
19.028,858
(5281)
P.o.op.exp. to earns.
17,003,397
Net earnings
16,813,062
15,868,375
13,091,361
27,409,017
1,961,065
Mail.exp., rents, &o.
Freight
j Total gross earns.
—
Expenses
Maint'ce of way, &c.
Main, of equipment
Transportation
General
Taxes
835,748
Total
P. c. of exp. to earns.
Net earnings
Add
other income..
(59-30)
52-33)
(54-89)
11,537,628
13,012,414
11,926,542
INCOME ACCOUNT OF GREAT NORTHERN RAILWAY COMPANY.
189S-99.
1901-02,
1900-01.
189900.
$
Receipts—
Profit on Treasury
securities sold
Rental leased lines.
8,026,871
395,148
3,126,504
9,530,776
350,422
2,958,855
12.059
689.076
166,765
3,740
68,152
166.318
3,616
474,1 42
212,845
436,456
196,102
Disbnrscm ents—
Net rent Ht. P. M. &
M. Ky. and "other
16,085,456
12,274,088
14,136.090
11,576.050
rentals"
Dive, on Gt.No stock
Bate of dividend....
Fund for improve' ts
3,742,545
8,225,920
(7%)
Bills receivable
General interest and
other income
385,001
519,284
(58 23)
(52-52)
(67-68)
357,269
37,672
301.565
6,427
347,990
248,035
248,035
148,662
69,732
Rentals and misoel.
1,063
24,712
53,794
7^,736
32,950
57,669
79,579
32,950
149,725
94,444
166,480
170,198
213,548
245,216
181,510
77,837
•From the accumulated surplus during these years the company
paid 5% dividend each year on the common stock— now paying 1^%
quarterly. Since the close of the fiscal year it has also paid 1% on preferred stock— In Sept., 1902.
Total
Surplus*
CONDENSED BALANCE 8HEET JUNE
1902.
«
Assets—
Road and equipmn't.6 ,138,194
%
6.
Unexp'nd d proceeds
319,613
525,000
8SO.O00
333,731
151,189
111,938
87,220
314.481
56,632
Unexpend. proceeds
of preferred stock.
Cash
Dae from other companiesand indiv...
Miscellaneous
30.
1901.
105.637
184,2u0 183,200
Leased lino.'*
Cap.stockintreas'y.4 ,'.37,600 1, 037,500
Bufl. & Susq. Coal &
572,435 260,000
CokeCo
57,109
Sinking fund
46,018
Fuel, mat'l & supplies 188,822
12,909,652 8,735,537
1902.
Liabilities—
Capital stock, com...
t
.4,.555,520
1901.
$
4,555,500
pief<1.4, C0.00J
do
671.OC0
498.<i00
First mortgage s
First retun ing 4S...S, 1*2,0
2,9-9, "00
Unpaid payrolls.
23,976
23,643
Coupon Interest due
and unpaip
29.557
63,505
011,498
Other cos. & Individ*. 127,509
Accrued interest on
funded debt
0,225
8.387
Accrued taxes
12,'5S
13,287
Reserve for divid'ds
payable July
43,975
62,950
50.U27
Miscellaneous
13.449
Profit and loss
317,932
385, 18
.-
.
Total
12,909,652 8,735,537
75, p. 665.
Chicago
8,902.225
105,017
2,134,620
337,554
172,752
2,014
420.401
(57-25)
347,990
& Alton Railway.
( Report for the year ending
June
SO, 1902.
M. Pelton says in substance:
General Results—The gross reoetpts from freight inoreased
President
363,177
176.485
203,982
86,858
165,517
62,927
807,993
-V.
Seattle <£ Hon
13,268,998
380,635
Int. on bonds owned
Dlv. on st'k* owned 1,419,960
767,319
81,735
78,876
169.000
55,390
394,941
Total
Total
Net earn'gs of St. P.
M. & M. KB. and
732,991
97,627
79,668
174,231
68,875
Deduct—
interest on bonds..
boi'd sales
Total
721,966
111,287
109.134
189,039
69,018
478,478
Total
Expenses—
Malnt. of way, etc..
Maine, of equipm't.
Conduct, transpor'n
General and taxes..
S.
$173,368, or 2-91 per cent, being a result of a gain of $i72,708 In inoreased
tonnage and a loss of $3^9,345 due to decreased rate. The increase Is
made up principally of coal and other mine produots. $1 -3,105 or
15 p. c; lumber and other forest produots. $'3,151 or 27 p. e iron,
Against this we
steel and other manufactures, $128, H89 or 15 p. c.
have deoreases la grain, $206,154 or 23-84 p. o fl >ur. $39,179 or
animals $17,849
2974 p.o; other mill products, $49,08 4 or 48-64 p.
or 9*3i p 0. It will be seen that there was substituted for the loss
caused by orop failures a large amount of low-revenue freight; the
gross freight earniugs as above increasing 2 91 per oent, while the ton
;
Total
;
;
tunnel.
Tot.disburs'm'tB 13,968,465
2,116,991
Balance, surplus....
10,^85,025
1,689,063
4.137,824
3,851,03
(6%)
1,200,000
2,000,000
3,709,548
6,408,778
(7%)
1,200.000
600,000
and renewals, St.
P. M. & M. By....
Fund for Cascade
3,687,656
6,897,369
(7%)
600.000
11,918,326
2,217,764
9,788,858
1,787,192
ENTIRE GREAT NORTHERN RAILWAY SYSTEM.
1901-02.
1900-01.
Gross earns of railway syst'm proper 36,032.256 28,350,690
Gross earns of other
proprietary co's..
2,826,257
2,213,697
1899-00.
189899.
28,910,789
25,017,904
mileage increased 968 per cent.
While the gross tonnage during the year increased 11-00 per oent,
and the ton-mileage 10-90 per oent, the tons of reveoue freight per
train mile were 315-98 tons, an inorease of 9 80 per oent.
The Inorease in personal Injuries, and damage to property amounted
to $283,164, or 192 73 per oent, largely caused by the serious
aooHent at Norton. Mo., on July 10, 1901.
Maintenance. The total expenditures on maintenance of way and
structures decreased $150,183, or 13-54 per ceut from th« previous
year; the expense per mile of road was $1,043. The decrease was to
be expected, following the heavy inoreases of the last three years;
Ourlag the
the amount per mile is yet above the normal for this line
last three years renewals In main track cover the following per centawes of the mileage: Tie renewals. 43-39 p 0.; rails, 49-11 p 0; ballast,
13-45 p. O.; joints, 61-97 p. 0.; frogs, 9335 p. c .-witolies, 75'24 p. O.
Of new rail 8,93 tons, and of relaying rail 5.290 tons were plaoed in
the traok. mat ng a total ot 119 miles of track relal 1 during the year;
404,409 orossties were plaoed in the main track, equal to 143 miles or
1 5 per cent of the total main track.
At the date of this report the rail in the main traok was as follower
60-pound, 585-8 miles; 7^-pound, 591 miles; 70 pound, .115-0 miles;
60-pouud, 503 miles; 50 pound, 2-1 miles; total 1,0123 miles. The
ballast consists of 545 miles of stone, 182-5 miles of gravel, 78*7
miles of cinders. 154-4 miles of slag; total 960' while 51*7 miles are
not ballasted, Bridges: 8 one, aggregate length, 2,30 > feet; steel, aggregate length, 21,660 feet; wooden, aggregate length, 6-12 feet; combination, aggregate length, 154 feet; trestle*. acgregate length, 18.900
feet; overhead highway crossings, number 36; overhead railway cross;
»
2,188,263
2,580,668
Totearn.ofsyst. 38,858,513
Oper. exp. & taxes. 20,874,317
30,564,387 31,099,057
18,296,482 17,075,533
27,593,572
1 4,861,108
Netearns. of syst. 17,984,196
2 ,03 1 ,750
Miscel'n'ous Income
12,267,905
1,619,775
14,023,524
2,290,494
12,737,464
952.801
Tot. net of system 20,015,946
13,887,680
16,314,018
13,690,265
5,051,456
6,897,370
5,038,348
6,403,778
5,466,624
3,851,034
1,800,000
1,800,000
11,948,826
1,938,854
13,247,126
3,066,892
11,117,658
2,572,607
;
Deduct—
Fixed charg's & divs.
on St. P.M. &M. st'k
Div on Gt. Nor. stock
5,106,346
8,225,921
Funds for improv'ts,
renewals & tunnels
Surplus
—V.
2,000,000
15,332,267
4,683,679
75, p. 789.
Buffalo & Susquehanna Railroad.
{Report for the year ended June SO, 1902. J
The company's report for the late fiscal year is much the
most elaborate ever issued regarding the property. On
pages 922 to 925 of to-day's Chronicle will be found the remarks of F. H Goodyear, Chairman of the board, affording
many interesting particulars, especially regarding the company's acquisition of extensive coal lands arjd its proposed
line to Buffalo. Accompanying these remarks are given in
full the balance sheet, income account, profit
count, traffic statistics, etc.
and
loss ac-
number 8.
The total expenditures on aooount of maintenance of equipment
were $1,042,078, or $1,1 13 per mile of road and 18-46 cents per tralnmtle, being an increase over the previous year of 18- 10 per oent.
The equipment, bought two anil three years ago, required more
ings,
than ordluary repairs, the 93 new locomotives, representing 45-59
per centof the total equipment, 52 new passenger oars, 28 ->7 percent,
and 4,230 new freight cars, 44-06 per oeut, having be--n plaoed in service during the past three years. The locomotive repairs were Inrue average
creased heavily by the bad water oaused by tne drought
repairs per looomotive were $?,9.">2; per passenger equipment oar
$*8 04; per freight oar $28 08 for the entire equipment
Imi'hovkments.— The work of improving the grades and alignment
has been continued covering 21** miles of track, rhe changes in
grades between Bloomington and Chicago have been completed so that
the maximum grade agaiust trafllo ts 16 feet per ml e, Twenty eight
miles of additional side and yard traoks have been ouir. Forty-two
ies, were rebridges, aggregating 3,000 feet, principally n
>3 feet of steel spans on concrete masonry, 522 feet oreoplaoi-d by
soted trestles with ballast lloor, t> concrete arob culverts, Hud 1 oast
iron pipe culverts. Progress has been made in improving terminals.
Additional property has been purchased In Chicago, ami the work of
enlarging the terminal yards at East St. Louis ana Bloomington Is well
1
I
!'
i
:
October
THE CHRONICLE
25, 1902.]
underway. The wot k of equipping the line at all Important points
with btook signals was oommenoed when this company assumed control of these iine« and has been pushed vigorously. At the date of this
report, 3 Interlocking plants. 114 additional block signals, covering
153 miles of single main track, have been installed.
Statistics.— The earnings and expenses for three years
the ioeorna acc:uot for thw late vear, various statistics,
and the balance sheets of Jnne 30, follow
OPERATIONS AND FISCAL RESULTS.
:
1901-02.
1900-01.
1899-00.
12. 1923, Inoluding the instalments of the deferred rental accruing under the old lease, will be $1,100,307. To this rental must be adde.l the
Interest and a sinking fund of 1 p o. per annum on all bonds not
exceeding $2,500,0o0. issued by the trustees under the supplemental
agreement for terminal facilities and bettermeut. The capital stock
has been increased in aoooi dan oe with the requirements of the contract
of renewal by the sale of $2,000,000 of preferred stock (out of an
authorized issue of $3,000,000) for the purchase of equipment.
Equipment.— Payments during the year on oar trust obligations
amounted to $129,217. Tt,e equipment at the close of the year consisted of: Locomotives, 113; tassenger oars. 6* freight oars, 4,148;
miscellaneous cars. 12. Of this equipment 500 freight oars are still
subject to car trust liens.
Contracts have been placed for the following new equipment, to be
delivered before Deo. 31, 1H02: 2 ten-wheel freight locomotives;
39 consolidation freight locomotives; 2 switch locomotives; 2625
freight cars. Of the new equipment oontraoted for, twenty three of
the locomotives and alf of the freight cars will be paid for out of the
amount realized from the sale of the $2,000,000 preferred stook, the
remaining locomotives are for replacement account.
Additional Facilities— The sloe tracks and yards are inadequate
for the accommodation of the trafflo and arrangements have been
made to materially add to these facilities during tbe ensuing year.
The bridges require exterlsive renewals to admit of the use of heavier
locomotives; it is estimated that the oost of this improvement at
present prices will aggregate aoout $3,500,000. This expenditure
must of course be spread over a series of years, but in order to secure
economical results of operation the work should be begun at onoe and
should be made as rapidly as the earnings will permit. Plans with
this view are now under consideration.
The foregoing outlays are in addition to those for improvements
required by the terms of the old lease, the remaining oost of whioh is
estimated to be about $150,000, and it is expected that they oan be
completed advantageously in about three years.
855
65-29
$10,032
6,925
3,106
61-92
65-58
$9,826
6,444
3,382
58-22
61-95
»,119
5,651
3,467
1-63
1-61
113
050
106
055
241,261
198,303
80,207
241,125
190,500
77,714
237,768
187,800
72,852
9.036,655
7,796,450
959,331
1,042,078
3,797,475
881,575
613,405
2,835,576
210,562
The operations and earnings for foar years past, and the
balance sheet, follows
225,034
1,109,514
879,412
3,384,637
222,105
6,023,918
3,201,821
5,595,668
3,440,987
4,541,119
8,255,331
1901-02.
1900-01.
1899-00.
1898-99.
Operations —
1,013,502
No. of pass, carried.
958,176
881,296
819,134
No. of pass. oar. 1 m. 50,767,450 45.575,026 42,639,451 59,052,282
2-10 cts.
Rev. p. pass. p. mile 2-15 cts.
2 14 ots.
1 90 ots.
3,477,448
3,192.020
T'ns rev. f r'ht mov.
2,998,020
2,763,546
Tons fr'tmov. 1 mile601, 185,071 506,708,131 540,379,661 481,694,704
0-73 Ots.
0-68 ots.
Keve uep.tonp. m. 0-71 ots.
74 ots.
Av. train load, tons.
435
422
430
385
I 31
Earn, per pass, tr m.
$
$1 23
$1 19
$142
Earns, per ft. tr.
08
$3 21
08
$3
$3
$2 62
Gross earn'gs p.mile
$1 6,847
$15,017
$1 ft, 251
$13,962
etc.
6903
1-52
0-94
0-58
4,635,120
3,576,177
Tons of revenue freight carried.. 4,922,3^1
Tons of rev. freight oar. 1 mile. .902,745.440 823.069.718 629,994.662
$6,474 43
$5,439 11
Freight receipts per mile of road $6,662 94
2 08
$2 14
1 84
Freight receipts per train mile..
0'6~9 ots.
0-723 ots.
0-794 eta.
Freight receipts per ton p. mile..
2.353,228
2,495,905
2,210,489
Pas'gers carried (rev. pass, only)
138,59 1 ,8 57 132,807,965 120,360,469
Passen gers oarrled one mile
49-73
4848
50-11
pass. p. train mile
Av. number of
1-94 ots.
1-90 ots.
V86 cts.
Reoelpts per passenger mile
$2,798 02
$2,803 78
Receipts per mile of road
$2,496 64
094 Ots.
0-96 OtS.
093 ots.
Reoelpts per train mile
Receipts per train mile, includ$1 11
$1 10
ing mall and express
$1 15
316
288
Aver, train-load (revenue), tons.
Receipts$
$
5,954.141
6,127,505
Freight
5,002,019
2,573,175
2,578,468
Passenger
2,296,011
Mail
Express
Miscellaneous
Gross
Expenses—
Maint. of way and structures....
Maintenance of equipment
Conducting transportation
General expenses
Total operating expenses....
Net receipts, taxes not deducted.
INCOME ACCOUNT TEAR ENDING JUNE
Net receipts from operation
Inoome from Investments
Dlv. (7 p. c.) on (Jhl. <fe Alton RR.
Miscellaneous Inoome
30.
1902.
$3,201,821
1901.
$3,440,987
owned 1,525.622
2,517
1,525,622
5,759
$4,729,960
stk.
Total inoome
$4,972 368
Deduct —
Rentals paid under lease of O. & A. RR., viz.:
Interest on 3 prerefunding bonds
$959,790
237.027
Rentals payable by Chicago & Alton RR. Oo.
Taxes
345,000
Net earnings of leased property
xl,589,643
Miscellaneous
3,168
Interest on first lien bonds of Ry. Co
770,000
Total charges
Surplus available for dividends
Dividends paid on preferred stock (4
Balance surplus for the flsoal
Balance from previous year
:•
$959,550
237,027
330 427
1,826,457
770,000
94,832
409,469
124/44
595,905
to Chic.
Alton Ky. Co.:
Bett erment sand
equip.acct. (net) 4,490,944
456. 073
342,767
Mater's <fc supplies
Contingent assets.
4 ,228.654
292,738
1,123,461
848,!'03
$
z Net assets taken over from the Chicago
3,774.317
974.159
135,809
111,752
53,884
411,559
3,947,139
897,342
131,380
101,848
46,531
3,282,874
1,119,635
131,699
109,062
47,912
5,660,404
5,045,596
5,124,240
4,691,232
905,846
1.003,998
1,111,758
1,835,736
846800
665,260
674,187
1,511,215
101,564
154.000
3,106,225
•
Gross earnings
Expenses—
Maint. of way, <feo..
Maint. of equipment
118,530
20.: ,000
921,939
874,7»6
1,606,052
115,796
184,000
4,239,^94
3,745,769
3,702,583
(74-89)
(74-24)
(72-26)
(6S-21)
1,420,810
1,299,827
1,421,657
1,585,006
1,217,269
1,102,000
18,695
1,102,000
1,102,000
5^2
1,211,677
209,133
1,120,695
179,132
1,098,933
1,101.782
322,724
483,224
Taxes
$463,071
30.
67,3^9,246 67,534.661
& Alton RR. Co.— V.
56, p. 793, 280.
Cincinnati New Orleans & Texas Pacific Ry.
(Report for the year ended June SO, 1902.)
President Samuel Spencer says in part:
Geneeal Results.— The gross earnings have increased $614,808
and the net earnings inoi eased $120,983, while the balance over rental
paid and interest on oar trusts has Increased $30,002.
Maintenance of way and structures shows a deorease of $98,151, or
9-78 per cent, due chiefly to the completion of the tunnel work
required by the lease. Tne oross tie renewals, inoluding both main
and side tracks, averaged 391 per mile, against 473 the previous year;
1,571 tons of 75-lb. steel rail were laid, replaoing worn 75-lb. rail.
65,691 cubic yds. of ballast have been placed in traok. as follows:
Gravel, 6,912; stone, 25,842; slag, 25,737; cinders, 7,200.
The expenditures for maintenance or equipment show an Increase of
$264,95«, or 31-29 per cent, due ohiefly to the purchase of new locomotives and the construction and the purchase of new freight oars to
replaoe others worn out. destroyed or sold, and to the Increase in oost
of labor and materul also to the fact that last year the expense of
maintenance of equipment was reduced to the lowest practicable
point in view of the large expenditures necessary upon the leased
property In order to oomply with the terms of the lease.
The total length of bridges on June 30. 1902. was 32,767 lineal feet,
as follows: Iron or steel span structures, 29,794; wooden trestles,
2,556; open drains, 417. The total number of tunnels Is 26; total
length, 4-96 miles, of which 5,196 feet is in natural rook not requiring
arching; 19,326 feet Is lined with masonry and 1,686 feet with timber.
The expenses of conducting transportation increased $261,295, or
16-59 per cent, due principally to the higher prices for labor and fuel
Total expenses.
P o. of exp. to earns.
Net earnings
1,574,441
Deduct—
Rental
Interest (net)
cr.
Total charges...
Ralanoe, surplus...
BALANCE SHEET JUNE
1902.
S
Equipment owned.. .1,957,222
Car trmt equipment. 598,819
1,957,222
598,820
Pref. stock subs
2,00u.000
Tools & machinery.
181,3:10
Real estate & blags. 17",576
Supplies &mat'U.... 229,4iS
Sp. reserve for lease 44 9,978
do do
do ren'ls 589,884
169,633
184,616
.
Int. on car trusts
Cash
Remitt. in transit...
Agents & cond'ct'rs.
U. S. Government...
Other railroads
Sundry debtors
Profit and loss
Total
-V.
12,267
997,879
71.V48
285,826
85,647
166,^68
34,191
68.296
186,087
i«V,33'6
234,6S<!
673,682
32,615
367,v8n
77,665
163,724
3<^55
120,779
26,969
42,006
393,866
8,037,156 6,252,2
cr.
cr. 3,067
218
30.
1902.
Liabilities—
Common stock.
Preferred stock
Reserve for require-
ments
190L
$
1901.
$
Assets—
Bills receivaDle
$
•
170,267
215,987
Conduot. transp't'n.
General
1902.
1901.
Liabilities—
$
$
Common stock
19,542,800 19.R42.800
Preferred stock... 19,544,000 19,544,000
22,000,000 22,01)0,000
'6\i p. c. bonds
Pav rolls & acc'ts.. 1,190,565 l,h22,9«9
Coupons due July 1 ,385,000
388,027
Dividends
891,534
391,283
Int.&div. notdae.
247,096
Miscellaneous
101,792
Proceeds sale of
Chicago property
263,913
Conting. liability.. z3,41«,301z3,118,599
Income acc'nt, sur. 500,157
463,071
Total
$
123,">45
Freight
Maileervice
Express servioe
Miscellaneous
$
4,252,376
1,090,120
140,479
781,760
$500,158
67,349,246 67,534,661
;
.
$67,148
395,923
GENERAL BALANCE SHEET JUNE
conductors.
..
Acc'nts collectible
m
78 1,760
lease of the RaVroad the Railway company operates the line and
as rental paid iu 1901 Os the interest, taxes and rentals and also the balance of
the road's net earnings, $1,589,«43. From this last was paid 7 per cent l$1.6«3,644) by the Radio d on Its st< ck
Tnis stock is nearly all owned by the Kailway company, which therefore treats the dividends received thereon ($1,525,823) as "other income," as shown.
402
operations, earnings, expenses and charges.
Earnings—
its
Dl»idend account
Station agents and
:
$43,582
456,576
p. o.)
oar.,
1902.
1901.
A$S6t9~—
£
•
Prop.& invest.acct.61, 162,660 61 ,148,812
Cash
393,100 1 ,144,106
;
Passenger
$3,904,617
825,342
Surplus Jur±e 30, end of year
Total
-,
9,225,739
Operations,
&
and heavy increase In oar mileage expense. The balance paid for
mileage on foreign oars was over $144,000 as against $107,000 the
previous year. The latter expense will no doubt be largely reduoed
during the coming
Modified Leash.— Commencing Oct. 12, 1901, the cash rental payable under 'he lease increased to $1,250,000 per annum andoontlnued
at this rate until July 12, 1902. Subsequent to that date the cash
payments are to be m< dined in accordance with the terms of the contract of modification and renewal of the lease as explained In the last
annual report.
Th^ average annual rental to be paid to the City of Cincinnati to Oct.
920
Ratio of expenses to receipt?
Ratio of exp and taxes to reo'ts.
Gross receipts per mile of road..
Oper. erps. <& taxes p. m. of road
Net receipts per mile of road
Gross reo'p'ts per rev. train mile
Op. exp. & taxes per rev. train m.
Net reo'ts per revenue train mile
Advances
903
920
Average mile? operated
x Under
;
8
3,000,000 3,000,000
2,000,000
of lease
952,888
678,368
Reserve for renewal
of equipment
1,009,314
Reserve for taxes,
728,682
etc
Mlscell. reserves
Car tust notes
Rental accrued
Unpaid vouchers
Creditors on payroll
Due other railroads.
Due to individuals
and companies
Total
....
178,904
78,748
92,595
278,183
115,970
124.981
33,675
222,447
171,606
61,651
118,974
30,247
97,302
60,698
24 ',914
21,457
8,037,158 5,252,282
75, p. 341.
Mobile & Ohio Railroad.
(Report for year ended June 30, 1902,)
President Samuel Spencer says in part
The gross earnings from operations increased $369,576; the net
inoome from operations increased $213,241 and the surplus over
charges inoreased $146,764. The increase of $33,797 in interest and
rentals consists of increase in rental due St. Louis & Cairo RR. Co.
under lease, $19,921 and in interest upon equipment trusts, $15,082
less deorease in other interest and exchange, $1,206.
;
Lease warrants issued in settlement for 1,500 freight oars aggregate,
inoluding principal and interest. $1,061,59*; less oar trust obligations
paid during year, $174,828; nee lnorease in oar trusts, $886,766.
Mobile & Ohio HR Co., St. Louis & Cairo collateral bonds of $300,000
were sold and the proceeds applied to payment for oapltal expenditures
during the year ($69,201) and ri-imburalng the Treasury for similar
expenditures during the years 189^-1900 and 1900-1901, amounting
to $206,020.
st Louis & Cairo RR. Stock. -To June 30, 1902, $6,489,000 of
the total capital stock of $o.r>oo.o00 of the St Louis <fe Cairo RR. Oo.
had been exchanged for $2,163,000 of the Mobile & Ohio RR Go.
St. Louis & Cairo collateral bonds, and was held by the Guaranty
Trust Co. as security for said bonds.
JJ
)
.
.
THE CHRONICLE.
904
Renewals.—The number of oross-ties plaoed in the track during the
year was 373,669. as oompared with 359,013 for the year previous.
There were plaoed in the track 8.875 tons of new 7o-lb. steel rails, or
about 75 miles.
— Tbe
Earnings
and the
results for the four years past,
balance sheet, follow
OPEBATIONS, EABNINGS AND CHARGES.
1900-01.
189899.
688
1899-00.
874
874
Total miles operated
Operations —
876
Passengers carried.
899,200
822,047
663,832
889,828
Pass earried mile. 34.932,951 37,336,136 35,245,917 28,726,601
2,875,467
Revenue tons mov'd 3,135,099 3,036.374
2.867,310
Tons moved 1 mile .826,752,555 792,823,887 770,450,986 570,115,702
250
Av.tr. lo'd (rev.) t'ns
281
198.092
511,300
448,608
cotton traffic (bales)
233,124
Revenue
$187,782
$340,766
$242,494
$36V47
453,642
420,971
368,559
Coal traffic (tons)...
450,608
$205,976
Revenue
$243,422
$244,586
$15d,060
Gross earn's p. mile.
$7,447
$7,024
$3,844
1
Earnings —
Miscellaneous
Gross earnings.
Expenses—
Maine, of way, &c.
4,619,204
749,780
217,8*1
553,087
4,544,436
702,251
199,433
550,611
3,324,003
595,993
180,602
430,555
6,509,488
Mail, express, etc...
6,139.912
5,996,731
4,531,153
871,855
726,072
2,508,742
217,883
164,634
Malnt. of equipm't..
Conduct, transpor'n
General
Taxes
805,950
530,597
2,619,386
230,572
146,346
629,276
461,274
819,585
576,803
2,565,668
230,189
141,381
1,698,746
173.599
116 627
1,922,012
1,756,273
1,451,631
1,158.880
295,615
100,815
1,071,687
286,716
60,242
855,241
241,898
47,389
1,589,107
&c
U114,951
1,663,105
•93,168
1,158,880
316,536
114,691
Rental
,
3.079,522
(6796)
1,451,631
4,332.851
2,130,667
Total net income
Disbursements—
Int. on funded debt.
Int. on oar tr us t
4,333,626
4,489,186
(6896)
2,020,302
110,365
Total
1,418,645
1,144,528
337,629
307,103
(70-57)
1.807,061
(72'27)
Balance
541,560
1,555,310
366,702
Prinoip'l of car truBt
paid, new equip. &
add'e to property.
417,510
383,416
314,990
271,748
sur.124,050
def.22,714
eur.22,639
sur.35,355
Tot. disbuise'ts.
Balance
GENERAL BALANCE SHEET JUNE
Assets—
Cost of road and
1902.
$
27,353.902 27,284,792
Trust equioment.. 2.478.766 1.598,<>00
St'ks&b'ds owned. 2.463,459 2,764,525
do do in trust.. 2,169,455 2,161>,466
Lands, &c.
171,474
183,652
Cash (incl. on dep.
for coup., &c.)...
286,239
308,239
Due from
Total
—V.
t
f
Stock issued
5,320,610 5,320.610
Htock In treasury. 2 659,400 2..S5W.400
Bonds (see SUPP.). 23,981, 5"0 23,98 .',20o
<ar trusts
8,4' 8.768 l,692,ouo
Pay-rolls, vouch'rs
.
& miscell.
Bills
accts.. 1,289,929
1,238,308
payable and
loans
Int.
rallr'ds,
agents, ind., &c,
St. L. & C. RR. &
1,108,223
miscell. accts
633,113
Materials, fuel,&c.
1901.
1902.
Liabilities-
equipment
144,685
36,060
due&unpaid..
270/00
33,490
Interest accr'd, not
due
1,010.614
General account...
889,6-0
Income account...
38.664,76135,702,937
Total
28S.703
286,710
692,451
042.W93
124,050 df/.22, 14
36,5*4,751 35,702,987
76, p. 666.
New
Orleans & North Eastern Railroad Company.
(Report for the year ended June 30, 1902.
President C. C. Harvey says in substance
General Results.—Passenger earnings show an
:
increase of $57.488, or 16-73 percent. Freight earnings showaoiuoreaseof $16,419.
or 2-49 per cent. In August, 1901, and again in March, 1902, the
north end of the railroad was visited by heavy stoinis which caused
derious damage and interrupted the traffic also in eaoli case for three
days. The cost of repairs, amounting to over $25,000, has been in
eluded in the wear's expenses.
Physical Condition.— Of the 195-52 miles of main track, 30-63
miles are laid with 60 lb. steel rails and 164-89 miles with 75-lb.
steel rails. There are 2,565 lineal feet of iron bridges and 59,148
lineal feet of wooden trestles in all 11*69 miles of bridge strnoture
on the main line. This Includes Lake Pontohartratnoreosoted trestle,
5*72miles. There are also 1,732 lineal feet of wooden bridges and
trestles In side tracks. During the year there were laid in the main
track 33-42 miles of new 75-lb. steel rulls in replacement of old 60 lb.
steel rails. One trestle, 63 feet in length was built aud existing
trestles were extended 160 feet. Sinoe Jan., 1884, the length of trestle,
including the approaches of Lake Pontchartrain trestle, has been reduced byl5-5mlles. Daring the ten years ending June 30, 19<>2, the
freight equipment has been increased from 1,574 cars to 1,944 oars,
an increase of 24 per cent, while the carrying capacity has been increased from 31,526 tons to 49,410 tons, an increase of 57 per cent
Readjustment.— As authorized by the stockholders March 5, 1902,
the capital stock has been increased by $1,000,000 and a 4*9 p. o. income mortgage for $1,500,000 created, to pay off the old construction
debt and unpaid first mortgage coupon!, aggregating $1,967,37*, and
to acquire the terminal property In New Orleans heretofore leased at
an animal rental of $24,561. A general mortgagefor $^,000,000 at 4**
p. o has also been created, with whloh to pay off or retire the outstanding 6 p o. mortgages, viz Prior lien mortgage, due Nov. 1,
1915, $1,310,000; first mortgage, due Jan. 1, 1911, $5,000,000; leaving in the treafury for future requirements, $1, 680,000. The holders
of $4,900,000 of first mortgage bonds have agreed to exohange their
holdings for $4,900,000 of general mortgage bonds.
By these arrangements the ownership of the New Orleans terminals
has been acquired, the finances plaoed on a sound footing, and the
fixed charges reduced by $73,500 per annum for mortgage Interest
from Jan. 1, 1902, and by $24,561 per annum torrent from July 1,
1902. Expenditures, aggregating $ i48,663, have been made for rolling stock ($36,254), yard traoks ($20,422) and additional property;
they will be defrayed by the sale of general mortgage bond*.
:
Earnings, expenses and charges were as follows
EABNINGS, EXPENSES AND CHARGES.
.
Operations—
1901-02.
1899-00.
:
do
do
l mile 18,909.063
1898-99.
$
281,863
1,464,415
109,922
$
227,816
1,216,882
100,988
2,030,262
1,498.227
Mall, express, etc...
348.661
1,465,318
120,833
1,929,812
1,453,929
(7534)
1,856.201
1.336,586
(7201)
1,545,686
1,146.096
(73-79)
'
(74-15)
Net earnings .
Other income.
532,035
3,460
475,883
5,864
519,615
3,402
399,590
Total
Int.on prior lien b'ds
Int. on 1st mort.b'ds.
535,495
79,200
153,000
110,250
481,747
79,200
300,000
523,017
79.200
300,000
401,808
79,200
300,000
12,000
"4i406
lT,432
891,200
90,547
383,606
139,411
390,632
11,177
Int.ongen'lM. b'ds.
Miscellaneous
342,450
193,045
Total
Balanoe, surplus..
BALANCE SHEET JUNE
AssetsI
$
Cost of property.. 13, 83rt,7S9 10,939,071
Mat'l and supplies
Agents
Cash
Sundry
179,051
85,127
165.506
103.73H
3H.619
213,799
22,235
6<),83l
121,991
22.176
84,012
42,741
debtors....
Remittances.
Car trust notes
Other railroads
Net revenue
30.
1901.
1902.
'
60,723
1908.
Linbilities—
Common
count
2,409,428
Total assets... 14,432.671 13,941,117
1901.
$
stock
I
6,dO0.000
Bonds (see Sup't) 7,820,000
Acc'd int. not due.
133,050
A. N. O. T. & P. J.
6,001,000
6,320,000
169,800
Ry. accounts. ..
For sup., taxes, &c.
Cred. on pay-roll..
2,034.105
181,151
63,959
.
Bills
186,112
69,988
84,012
66,224
73,284
payable
Other railroads
ac-
2,218
Roll, stock fund...
62,815
109,287
Total liabllit'g.14,432,671 18,941,117
75, p. 290, 185.
Crucible Steel Company of America.
(Report for year ending Aug. SI. 1902.
Renben Miller, Chairman of the board of directors, says:
The net earnings no doubt would have been larger had we been able
to secure prompt delivery of raw material ordered and contracted
for. This, and the severe congestion of freight traffic for both Incoming and outgoing product, has reduoed the aggregate output for
the year by at least 50,000 tons Your company is the owner of all
the capital stock of the Clairton 8teel Co and expeots to receive from
that oompany the manifest advantage of a supply of suitable raw
material, and whatever profit may be incident to its manutaoture.
The direotors on Oct 7 resolved to charge off for depreciation and
allowances $1,000,000, and carry balanoe of net profit for the year
after payment of dividends on the preferred stock to the surplus aooount. Arrangements with the holder will enable us to pay off the
$150,000 mortgage on the La Belle works on Dec 31, 1902, reducing
our outstanding mortgage or bonded debt to one land bond of $700
A oomplete plant for the manufacture of oold-rolied steel and fine
wire Is in progress of erection on the property adjoluing your West
Bergen works, and it is proposed to consolidate in that plant all the
cold-rolled and wire production of the subsidiary companies. The sale
of the Portsmouth and Cumberland plants was effected in order to
more fully consolidate the operations of your company and decrease
the cost of management and pro u.- ion.
The plants of the company have been maintained in good condition
and all repairs have been oharged to operating expense. The betterments, Including the paid p< rtlon of the unfinished West Bergen ooldrolled and wire-drawing plant, amount to $50.-i.766.
A beginning has been made for trade In foreign parts, especially In
Japan, South Afrloa, Australia. Mexioo and South America, and the
encouragement given in all of these oouutrles would indicate a mar,
ket of considerable, value in the ne*r fu'ure.
The orders being reoeived and on tile justify the belief in the continuance of a demand for the maximum output of your mills.
W.
P. Snyder, President of the Clairton Steel Co., says:
steel department started to make steel on Sept. 8, as contemplated. Six of the twelve Ofty-ton open-hearth furnaoes are la operation. Two more are completed and dried, and the remaining four
are now rolling all
should be ready for operation bv November.
the steel that has been furnished by the open hearth department. The
blast-furnaoe department Is fast getting into shape. The shells of the
three stacks are completed, and we should have the furnaces in operation some time early In the year.
This oompany has completed arrangements for a full supply of ore
for its furnace, and on a favorable basis. We are well supplied with
orders for steel, and at, favorable prices, and there Is every prospect
for a continuation of the present oondilons for some time to oome.
The
We
The
profit
and
account is as below:
PROFIT AND L08S ACCOUNT.
loss
1901-02.
$3,503,162
49,306
Net earnings from operations
Dividends received
190001.
$3,490,488
30,861
$3,552,468 $3,521,299
Total net income
Less— Dividend 7 percent on preferred stook.. $1,750,000 $1,750,000
Paid to outside holders Park Steel Co. 7
p. o.
16,690
1,000,000
preferred stook
Amount oharged
off
40,341
$2,766,690 $1,790,341
$785,778 $1,730,958
compare as follows:
BALANCE SHEET OF AUG, 31.
Balance to surplus
The balance sheets
1902.
Accounts and
bills
receivable
3.222,330
3,014.04?
2,212
1,1H9,«sh
fl05,«->n
material, &c. 6.246.459
6,71i.«03
tracts
Raw
...
25,9152
Totalassets. ..54,770,727 54,426,919
a Includes betterments in
1901.
Liabilities
%
Stock, preferred.. 25.0 10, ,000 25,000,000
St-ick. common
.25,000, 000 25,000,000
.
.
Mortgage & bond
150, 700
obligations
Ace untspuyjible.
Advances on conCash
1912.
1901.
Assets—
$
$
... a 42,353,7 14 43,645,015
Plant.
Invest securities. 1.806.C23 1,834,211
1,914 ,973
Park St eel Co.acct.
88 103
Prer. divid. No. 4.
437, ftOO
2.l:'9, 162
I'rotlt and loss
Total
liabiiit's. 54, '70,727
183.100
1,389.888
512.321
r
437,. >00
1904,112
54.426.919
1901-02 of *504,27t>.— V. 75, p. 860, 82.
Distilling
Company
of America.
(Report for fiscal year ending June SO, 1902.
President S. M. Rice says in substance
Financial.— The balanoe sheet of the Distilling Co. of Amerioa,
whloh for convenience of bookkeeping I" consolidated with those of
:
1898-99.
342,569
283.672
236,583
16,205,423 18,116,453 12,0.S9,i66
2-12 ots.
2-15 ots.
Ay.earn.p.pass.p.m. 2 12 ots.
1-89 ots.
1.245,484
Revenue tons oar'd. 1.227,354
1,236,776
1,048,161
do
1 mllel60,598',725 176,687,428 161,516,873 137.698,776
0-91 ots.
94 ots.
083 ots.
Av. earn. p. ton. p.m.
0-88 ots.
Av.earn.p.fr'httr.m.
$2 36
$2 09
$2 46
$2 19
Gross earn' gsp.mlle $10,363 77
$9,851,01
$9,47 o
$7,890
Pass, carried (No. >..
406.829
1900-01.
1399-00.
$
.
30.
1901.
$
1900-01.
LXXV.
401,149
1,501,738
127,375
Passengers
Freight
-V.
Per ct. exp. to earns.
Net earnings
Other income
8
$
$
4,932,837
760,169
223,620
592,862
Freight
Passengers
1901-02.
Earnings—
Total earnings..
Oper. exps. & taxes
P.c. of exps.to earns.
:
1901-02.
[Vol.
the constituent oomp inles, shows: Convertible ourrent assets. $15,500,225; current liabilities, $2,702,007; net convertible assets, $12,798.218.
The total amount of ourrent net assets, Independent of real
estate, plants, maohioery, properties, brands, trade-marks, etc is
$12,798,218, an InoreaHe of $623,145. During the > ear there were
purchased $560,000 of Distilling Company of Amerioa collateral trust
J
OCTOBEB
THE CHRONICLE
25, 1902.]
bonds for redemption on J m. 2, 1902, and $159,000 bonds have been
purotaased toward" another $SOO,000 to be retired Jan. 1, 1903, thus
reduolDg the funded debt b? $95f>,000. In Deoeinber, 1301, there
were reieemed and oanoeled under the term* of the mortgage (825,600
and on July 21.
bonds of th- American Spirits Manufacturing C
1902 a further sum of $123,00 reducing the outstanding bonds of
(June 30, 1902,) to $1,749,960.
that company from $1,872,960
Profits — Th* net profit from the spirits and aloohol departments
was $607,622. against S789.158 for the year ending June 30, 190 and
Tiie decrease in the net
$160,424 for the year ending June 30. 190
profits from last year was oooasioned by new competition in that line,
foreshadowed in the report of Feb. 4, 1902; but, as anticipated, the
spirits and alcohol companies held their business, at the cost, however,
>.
',
1
,
>.
of a portion of the profits.
The net profit of the Hannis Distilling Co. (whioh
manufactures rye
•whiskey) for the year ending June 30, 1902. was $233,886, against
$215 iao for the year ending June 30. 1 90 1, and $126,699 for the year
en'iing June i>0, 1900. showing satisfactory progress.
The net profit of the Kentuoky Distilleries & Warehouse Oo. (whloh
manufactures Kentucky or Bourbon whiskey) for the year ending
June SO 1902 was $Ji0,623, against $653,598 for the year ending
June 30. 1901, and $*48,188 for the year ending June 30, 1900. For
the first time sliioe the Kentucky Distilleries & Warehouse Co. was organized, Its finances andoredit enabled it. during the year which ended
Jnne 30, 1902, to produce the requisite quantities of whiskey at the
lowest oost of manufacture consistent witu quality. The business of
that company was somewhat retarded, owing to the agitation for a
reduction of the whiskey tax, which limited dealers' purchases to absolute requirements. Consumption, however, was on a normal basis,
so that purchases were simply delayed and the benefits will be derived
later on. The Kentucky Company has now aooumulated a stock of
matured whiskies (it requires three to four years for whiskey to mature) and is well equipped to supply the market requirements.
Phtsical onditiun.— The physical condition of the plants has been
well maintained and the distilleries are all in first-class condition,
equipped with modern and up t >-date raaohinery. There was oharged
to operating expenses $286,953. which not only embraced maintenance and repairs, but material additions to the property. For permanent additions to property, which included new warehouses and new
dry houses, whioh pay for themselves in from three to five years,
there was oharged to capital account $271,103.
In order to save the considerable expense of separate corporate
existence, the Spirits Distributing Co., of whose stock this company
owned and controlled over 99 per cent, was during the year dissolved
and wound np. It is contemplated, for similar reasons, that other of
the exlstiDg oompanies shall, in due course, be also dissolved.
Dividends.— The directors of the Standard Distilling & Distributing
Co. and the Kentucky Distilleries & Warehouse Co have each resolved
upon the resumption of the payment of dividends on their respective
preferred stocks ($8,000,000 and $10,500,000. respectively.) upon a 4
per cent per annum basis (1 per oent quarterly), distributions to begtn
In January next. In view of this faot. the directors of your company
are warranted in stating that dividends on the preferred stock ($29,502,973) of this oompaDy will be paid at the same time, upon the same
basis, viz., 1 per oent quarterly, beginning in January, 1903.
i
The results of operations
of Jnne 30, 1902, follows:
for the year
and the balance sheet
Kentuoky
& Warehouse Co
& Distributing Co
$3,092,405
52,110,347
3,796,813
1,159,439
18,873,714
Distilleries
Standard ulstilling
Spirits Distributing Co
Hannis Distilling Co.
American Spirits Manufacturing
Other income
Co
—
Storage (all oompanies)
Dividends on investments of Kentucky Distilleries
449,407
&
66,601
156,791
5,433,497
Warehouse Co
Rents f$12,140). interest on customers' aocounts, etc.
Inventories on June 30, 1902
Interest received by Distilling Co. of America from subsidiary oompanies
Total inoome from
all
232,806
$35,371,819
souroes
Oost of production and distribution—
Kentucky Distilleries & Warehouse Co
Standard Distilling & Distributing
8plrits Distributing Co. (oost of merchandise
tribution
Hannis Distilling Co
American Spirits Manufacturing Co
Inventories on June 30, 1901
$2,424,369
51,761,816
and
dis-
Total oost of production and distribution
Balance, profits
3,907,110
928,206
18,676,715
4,366,743
$82,064,959
$3,306,860
Deduct—
Interest on Distilling Co. of Amerloa collateral trust 5s
Interest on American Spirits Mfg. Co. 6s
Interest on notes and loans
Additions, maintenance and repairs
Taxes
Rentals
Insurance
General expenses
Total
Net
profit
Netjproflt for the year ending
Nonprofit for the year ending
Jane 30, 1901
June 30, 1900
$175,000
112,310
X299.234
286,953
106,02 i
48,943
115,569
428,472
$1,572,504
$1,734,355
$1,667,860
$735,039
xThis includes $232,106 interest paid to Distilling Oo. of Amerloa
by subsidiary oompanies, whioh Is Included in above-mentioned total
inoome.
DISTILLING CO. OF AMERICA— BALANCE SHEET JUNE 30, 1902.
(Consolidated to include assets and liabilities of constituent companies.)
Asstts—
Properties of
companies
$73,192,356
Bonds of 1901 in
fund ($l59,'iO0)
sinking
Bond discount
398,318
y721,8i0
Cash,
1,348,009
Accounts and
bills
Tommon
stock
Preferred stock
6,556,994
Distilling Co. of » America 6
p. c. bonds
Am. Sets. Mf g.Co. 6 p,e. bds.
5,«44,122
Accts. and bills payable
receiv-
able
Mercnandlse and supplies
(at cost)
Securities of other compaL ntes
Total
Mobilities —
$44,59fi,118
stock issued
29,502,973
Preferred stock Issued
In trust against stocks
outst'd'g of constit't cos.:
Common
constituent
Reserve accounts
1,751,099
$89,812,^39
Surplus
"otal
The Pullman Company.
{Report for the fiscal year ending July 31, 1902.
President Lincoln supplemented his annual report with
the following general information
Contracts have been made during the fiscal year with
Alabama Great Southern RR. Co.
Alabama & Vicksburg Ry. Co.
Baltimore & Ohio RR. Co.
Iowa Central Ry. Co.
:
New Orl. & North-Eastern RR.
Toledo & Ohio Central,
Kanawha & Mlohigan Ry. Co.
Vicksb'g Shrevep't & Pac. Ry.
Mobile & Ohio RR. Co.
Southern Railway Co.
Cincinnati New Orleans & Texas
Paolflo Ry. Co.
Co.
The year shows an increase of nearly 12 per cent in the number of
passengers carried and over 7 per oent in the number of miles run*
The average number of names on the pay-rolls at Pullman for the year
was 7,098, and wages paid $4,574,743, making an average of $644 for
each person employed. The total number of persons employed In
all departments was 19,103, and the wages paid $10,633,788. The
number of employes for the previous year was 17,737 and the wages
paid during that year $9,514,534.
The business of the Wagner Palace Car Co. was taken over
Jan. 1, 1900. The results for several years are a3 below. No
balance sheet is furnished.
Co.
1901-02.
1900-01.
1899-00.
Total miles of railway under
contract for operation of
Pullman cars
169,830
165,283
188,503
10,753,643
Passengers carried (No.)
9,618.438
7.752,876
360,602.541 335,742,267 274,066.488
Miles run by oars
Oars made (value)
Rentals received
Total revenue
$19,416,021
3 1 6,0s9
$20,597,903
Disbursements—
Operating expenses
Depredation on oars, etc
Paid other sleep, oar ass'ns...
Dividends on oapital stock 8%
Total disbursements
Surplus
$9,817,584
1,908.902
435.742
5,919,924
$16,424,790 $16,704,111
306,887
322,159
$17,996,782 $15,022,858
$7,378,200
1,485.601
346.760
5,919,886
1,K80,882
1,747,027
3,680,000
1,872,960
2,70v,007
12,372
8,967,899
J89.812.239
y To be charged against earnings of constituent companies annually during
life or said bonds, viz., nine years from Jan. 1, 1902.
$6,112,655
1,699,183
587,544
5,519,720
$15,130,447 $13,919,102
$2,866,335
$1,103,756
Total surplus July 31, 1902, $10,778,030; capital stock. $74,000,000; net assets, $84,778,030.— V. 75, p. 851.
$17,582,152
$3,015,751
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING! STREET ROADS.
Alaska Central Ry.— New Enterprise, — L. D. Voak, Fiscal
Agent, 416-19 Marquette BuildiDg, Chicago,
RESULTS FOR YEAR ENDED JUNE 30, 1902.
Sales of product —
905
111., is
receiving
subscriptions for the $2,500,000 of 5 p. o. preferred stock of
this companv, which purposes to build an " all-American railroad from Resurrection Bay to Rampart, opening up the
richest part of Interior Alaska.
The 50,000 shares of 5 per
preferred stock have been set aside for puOlic subscription at
a low rate, in order to raise a fund for the completion of the
permanent survey, for the location of terminals, the erection
of wharves, and the prompt beginning of construction.
So
much as necessary of the $25,000,000 common stock will be
used in the floating of bonds for the completion of the entire
road. Nine crews of engineers have been at work all summer
making the permanent surveys." Par value of shares, $50.
See directors in V. 74, p. 935.
Anthracite Coal Roads.— Strikers Accept Arbitration Plan.
Wilkesbarre, Pa., on Oct. 21, af cer a warm debate,
closed with an appeal from President Mitchell that their
achievement be not "dampened by even one dissenting vote,"
it was unanimously decided by the delegates attending the
special convention that "all mine workers should report for
work Thursday morning, Oct, 23, and that the issues which
culminated in the strike should be referred for readjustment
to the commission appointed by the President of the United
States." Work was accordingly resumed on a large scale on
Thursday, about two-thirds ot the mines, it is said, being
put in operation. The remaining mines will be opened as
soon as they can be put in condition. The Arbitration Commission met yesterday in Washington. Justice George Gray
was made Chairman. Carroll D, Wright, who was appointed
as recorder, will, it is announced, be made a foil member of
the commission.- V. 75, p. 848, 792.
Atlantic-Coast Line RR.— New Securities for Purchase of
Louisville & Nashville. The shareholders will vote Nov. 17
on a proposition to issue $15,000,000 additional common stock,
also "to increase the bonded indebtedness by the issue of
$35,000,000 collateral trust purchase money 50-year 4 per cent
gold bonds; such additional stock and bonds to be applied
and used, as far as may be necessary, to and towards the payment of the purchase price of 306,000 shares ($30,600,000) of
—At
—
& Nashville RR. Co.
which, under the terms of the purchase thereof, is to be pledged as collateral security for the
payment of said bonds."
The terms of purchase, as announced several weeks ago
(V. 75, p. 733), oalled for the payment of $10,000,000 cash, $5,000,000 stock and $35,000,000 bonds. Apparently, therefore,
$10,000,000 of the new stock issue is to be sold to raise the
the capital stock of the Louisville
(total issue $60,000,000)
requisite
amount
of cash.
Complaint.— See Louisville
& Nashville RR. below. —V. 75,
p. 848, 792.
Rangor & Aroostook RR.— Report—The
results
for the
year ending June 30 were:
Tear—
Comparative balance sheets for the constituent companies
on June 30, 1900 and 1901, were in V. 73, p. 898. For divi- 1901-2
1900-1
dend plan, see last week's Chronicle.—-V. 75, p. 850, 668.
-V. 74, p.
Better-
Oross.
Net.
Oharoes.
$1,708,937
1,449,454
$601,773
536,093
$42H,80l
406,485
150.
ments.
$ll«,741
80,000
Surplut.
$54,231
49,608
:
Brooklyn Rapid Transit Co.— " Loop Suit Won ."—The
Court of Appeals recently decided in favor of the company
the litigation over the "loop" at East New York.— V. 75,
p. 863, 847.
Chicago & Western Indiana RE.— Bonds Offered.— The
Merchant's Loan & Trust Co. of Chicago is offering a block
of the new consol. 4s at 102 and interest. President B.
Thomas, of the railroad company, in 'a letter addressed to
the First National Bank of Chicago, says:
The $4,000,000 4 p. o. bonds sold your bank and associates are part
of a total authorized Issue of $50,000,000, of whioh;*l8,369,00u!will be
presently Issued. Of that amount S10.014.00J are held in trust to retire the 'outstanding bond?; $1,355,000 are delivered to the tenant
companies for bonds already retired by them; and the remaining
$4,000,000 are used for track elevation and other permanent improvements and additions to the property. The remainder of the bonds
authorized may only be issued under the conditions prescribed In the
mortgage, and will Insure the ownership by the company of additional
property equal in value to the amount of bonds issued. As the -810,014,000 of prior outstanding bonds are retired from year to year, the
present mortgage will in time beoome a first lien upon the property.
The leases with the proprietary tenants are for 999 years, and furnish,
in addition to all costs of management, operation, maintenance and
renewal, net annual rentals exceeding by $200,000 the total interest
charges on all bonds. They also contain a guaranty of the payment
of both prinolpal and Interest of all bonds Issued and to be issued
under said mortgage.
See also V. 75, p. 782, 341.
Cincinnati & Hamilton Traction
which went into
Co.—Lease—The
lease,
on Oct. 1, of this company's property
to the Cincinnati Inter urban Company, provides for tho payeffect
("Vol.
When the new roa<l is completed, the dletanoe over It between Denver
and Salt Lake C ty will be more than 100 miles shorter than by any
other route, and the grades and alignment upon this railway will be
more favorable than upon any other railway crossing the Continental
Divide in Colorado.-V. 75,
the purposes
$231,000 Ohio Southern Division first mortgage 4s of 19 41, $116,000
mortgage 4s of 1951, $500,000 preferred stock voting trust cerand $3,487,000 common stock voting trust certificates, making totals as follows $4,231,000 4s of 1941, $2,^66,000 4s of 1951;
first
tificates
:
preferred stock, $6,500,000, and common stock, $10,487,000.
The proceeds of the new securities were applied as follows: Ohio
Southern Division, $100,000 toward purchase of 5 freight locomotives and 50 stock oars $131,000 against payment of car trust notes.
$ L16.000 first mortgage 4s of 1951 to pay for 50 acres of land, with a
total water front of 3,348 feet, for lake terminus $500,000 preferred
stock and $487,000 oommon st^ok for improvement of Detroit terminals, additional equipment and part purchase price of Iron Railway. The issue of the additional $3,000,000 common stock was prevented by an Injunction, which has sinoe been dissolved. Out of this
$3,000,000 oommon stock, $s00,000 has been disposed of to pay for
right of way and other debts of the predecessor company and the balance will be delivered to the Detroit <fe Lima Northern bondholders, as
per reorganization plan.
;
;
Tear.
Gross.
1901-02. ...$1,234,906
190001.... 1,147,335
1914-15, $99,000; thereafter, $100,000.
The
capital stock consists of $1, 100,000 5 p. c. cumulative
preferred stock (calling for $55,000 yearly) and the same
amount of common stock. Tbe dividends on the latter, it
will be seen, are in effect provided for under the lease at
the rate of J^ of 1 p. c. per annum, beginning in 1903-04, increasing gradually to about 4 p. c. in 1914-15 and subse-
quently.— V.
75, p. 497,
Colnmhns Sandusky & nocking RR.— Successor Com-
panies.— See Toledo Wolhonding Valley & Ohio RR. and
Zanesville & Western Ry. below.
Special Master Joseph Robinson, in purPayment.
suance of the decree entered on Oct. 8, 1902, by the Circuit
Court for the Southern District of Ohio, Eastern Division, is
paying at the Mercantile Trust Co. of this city the coupons
of the first mortgage bonds provided for by said decree in
full, and in addition thereto $507 63 on account of the principal and interest subsequent to Oct. 1, 1900, on each of said
bonds.— V. 75, p. 793, 665.
Dayton Springfield & Crbana Electric Rj.—New Stock.
The shareholders on Oct. 15 voted to increase the capital
stock from $750,000 to $1,500,000, chit fly to provide for
double- tracking the road. V. 75, p. 611.
Denver Northwestern & Pacific Ry.— Bonds Offered.—
The Colorado- Utah Construction Co, announces by advertisement on another page that it has contracted to build and
equip the 500 miles of this railroad between Denver. Colo.,
and Salt Lake City, Utah, the contract providing for a substantial roadbed, 80-lb. steel rails and modern passenger and
freight equipment. Under the contract the Construction
Company will receive from the Railway C( mpany §40,000 first
mortgage 4 p. c. bonds, $20,000 full- paid preferred stock and
an equal amount of full paid common stock for each coin
pletely built and equipped mile of main track. The author
—
—
—
ized capital stock of the railway is $20,000,000, of which onehalf is 5 p. c. non-cumulative preferred and the remainder
common stock. The first mortgage, to the Mercantile
Trust Co. of New York, as trustee, provides for an issue not
exceeding $22,500,000 fifty-year 4 p. c. gold bonds, of which
$2,500,000 will be held in reserve by the railway company.
The Colorado- Utah Construction Co. will receive through
the Mercantile Trust Co. of New York, the Providence Banking Co. of Providence, R. I., the Commercial Trust Co. of
Philadelphia and the International Trust Co. of Denver subscriptions to the bond and stock of the Denver Northwestern
Pacific Ry. Co. nntil the close of business on Nov. 16.
Subscriptions will be payable as money is required by the
Construction Co., but in no case in instalments of more than
10 p. c. per month. Each subscriber will receive for each
$950 paid by him $1,000 first mortgage 4s and $250 each of
preferred and common stock. The one-half of the oommon
and preferred stock not offered for subscription will be owned
by the Construction Company,
President Sylvester T. Smith of the Construction Company estimates that, irrespective of through business, the
road will secure as soon as completed gross earnings of at
least $8,000 per mile per annum and net earnings of $3,200,
and that this revenue will annually increase. The bond issue
(exclusive of the $2,500,000 in par value thereof reserved
which it is expected will not be necessary to issue) is limited
to $40,000 per mile of completed and equipped railroad, upon
which the annual interest charge will be $1,600, or only onehalf of the estimated net earnings.
President Moffat; of the Railway Company says:
The railway company is organized, not to invade the territory of
any other railroad company, but to open to development and traffic a
region In Northwestern Colorado and Eastern Utah larger than the
State of Pennsylvania, which is now without a single mile of railroad.
This region la rich In deposits of gold, silver, lead, oopper and iron
497, 289.
named
Year 1902-03, $55,000; 1903-04, $60 500; 1901-05. $66,000; 19051906-07 and 1907-08, $77,000; 1908-09 and 19C9-10,
$82,500; 1910-11, $88,000; 1911-12, $93,500; 1912-13, 1913-14 and
06, $71,500;
p.
Detroit Southern RR.— Listed.—The New York Stock
Exchange has listed the following additional securities for
Earnings.—The
and 1901, were:
in gold, in quarterly instalments (Dec. 31, etc.), of the
LXXV.
ores and of bituminous and anthraoite coal. In It are large forests
of timber and broad areas of grazing lands and of lands capable of
irrigation and cultivation. There are large streams and an abundance of water on the western slope of the Rocky Mountains In the
valleys through which thl* railway will be operated.
The local business developed and to be developed upon the new railway should render the enterprise a profitable one. independent of any through traffic.
following annual sums:
&
—
THB CHRONICLE.
906
ment
—
:
results for the years
new
sidings, etc.
30, 1902
Net.
Taxes.
Interest.
Deficit.
$244,795
264,190
$43,000
$270,000
$73,205
"Included in operating expenses
amount expended
ended June
is
a very considerable
for betterments, rolling stock, road bed,
Nothing was charged to capital account
during the year except the Detroit terminals and the equipment described above."—V. 75, p. 666, 441.
Evansville & Terre Hante RR.—Directors.— W. L. Stow
and Wm. C. Shanley have been elected directors to succeed
Robert B. Honeyman and Charles H. Sherrill. The board
includes
W. F. Carlton, Edwin S. Hooley, George H. Ball, Charles A. Nones,
Henry Seibert, Edwin W. Winter, H. a. Porter Jr., Alfred Lauterbaoh, George S. Brewster, Joseph D. Donald, R K. Dunkerson, W. L.
Stow and William O. Shanley.— V. 75, p. 793, 549.
Florida East Coast Ry.—New Mortgage.— A mortgage has
been filed to the Colonial Trust Co. of New York, as trustee, to
secure $8,741,000 of 30-year 5 per cent bonds, to be dated Jan.
The deed states that the bonds were authorized to
1, 1903.
provide "such sums of money as may be required for purposes of extension, building branch lines, consolidating with,
merging or purchasing other railroads or other railroad properties as allowed by law, and for improving the present railThere are certain existing bonds, to retire
road," etc.
which at or before maturity bonds of the new issue will presumably be reserved.— V. 69, p. 591.
Hocking Valley Ry.
Purchase of_ Zanesville & Western
has listed $1,000,000
By.— The New York Stock Exchange
additional preferred and $578,400 additional common stock,
total listed $15,000,000 preferred and $11,000,000 common stock. This additional stock is issued in accordance
with the plan of reorganization of the ColumbuSj Hocking
Toledo Ry. Co., dated January 4, 1899, for the purValley
pose of enabling the Hocking Valley Ry. Co. to acquire all
Western Railway Co.,
the securities of the Zanesville
successor of the Columbus Sandusky & Hocking RR. Co.,
to wit, $2,500,000 capital stock and $2,000,000 first mortgage
Western Ry. comprises: Main line
bonds. The Zanesville
Columbus to Shawnee and to Zanesville, Ohio, with branches,
in all about 126 miles of main track in operation, of which
about 40 miles is held under lease (or trackage rights) it
taps the extensive Shawnee and Hocking coal fields. V. 75,
making
&
&
&
—
;
p. 740, 727.
Havana Electric Ry.— Not a Competitor.— With referenoe
Jaimanitas Ry. referred to last^week (page
to the Havana
849) the following extract from a certified copy of the proceedings of the Railway Commission of the Island of Cuba,
dated at Havana Oct. 6, 1902, indicates that there is no
danger of competition:
The Commission voted to approve the plans, profile and report presented by Mr M. de J. Manduley, as representative of the Havana <S»
Jaimanitas Hallway Co., for the extension of Its line through certain
streets of this olty; the said Havana & Jaimanitas Hallway not being
allowed to receive or discharge passengers so as to perform a street
railway service .through the streets of the city. It being understood
that in oase said company fails to comply with this essential condition,
that is to say, the condition of not performing in any oase or under
any pretext the servloe of a street railway by reoelvlog or discharging
passengers outside of the stations which may be approved, this authorization shall be deemed null and void.— V. 75, p. 84;',
&
Havana & Jnimanitas RR. Not to.Compete in Havana. —
See Havana Electric Ry. above.— V. 75, p. 849.
Hudson Valley Ry.— Sale of Stock.— Vice-President Joseph
all connection with the company, having sold his stock to the following:
Hon. John W. Herbert of Helmetta, N. J., President of the Niagara
Bt. Catherine's <fc Toronto Ry.; George H. Hfliue of HOT York Olty,
President of the American Bnufl Co.; George 8 Wilson of Pniladelphia, director of the Amerloan Suuti'Oo. and banker.
These gentlemen with President Addison B. Colvin control
the company.
A. Powers has severed
— —
J
October
THE CHRONICLE.
23, 1902.
Strike.— The strike, which was believed to have been practically broken two weeks ago, was shortly after the occasion
for renewed voting and is still unsettled, the men having
failed to adhere to their agreement to submit to arbitration.
—V.
75, p. 732.
Indiana Illinois & Iowa RR.— Report .— The results for
the year ending June 30 were as follows:
v,„ r
1901-2
19l)0-l".
Net.
aross
Sl.700.S17 $475,399
494,194
1,416.255
Dividends.
$207,784 (1)$200,000
Charges.
rich Virtue, Sparta, Iron D. ke (wbioh is another "Batte") and Cornucopia districts: also Seven Devils copper district. We have $1,000,000
in tonnage guaranteed us along ihls roure. besides all the smelting
and rehnlng of ores now being shipped to Salt Late City. Taoonia and
Denver at great expense. This stook is full paid and non-assessable.
No bonded indebtedness or mortgages. Offloers: J. D. Voss, President;
A. L. Longstreth, Vice-President; H. J. Wlthey, Secretary and Treasurer; A. B, Wlnfree, Attorney.
BaL.sur.
$tJ7,B15
to a readjustment of accounts further comparison
net income was given as
is impracticable. In the 1900-1 report
293; charges and miscellaneous, $220,496; dividends (4
$520
per cent), $200,000; balance, surplus, $99,797.—V. 74, p. 1251.
Owing
Mexico.—Purchase— Called for Pay
meat.—The "Money Market Review" of London says:
Interoceanie
Ry
907
of
The Interesting announcement ie made that the Mexican Government has pnrobased from the Interoceanio Railway of- Mexico the
issue of £9^0 Ot'O 4*fl per oent seoond debenture stock reserved for the
purpose of retiring the outstanding 7 per oent "A" debenture stock of
theoompany. notice for the redemption of which at 1 10 per oent has
already been ls«ued. It is believed that this aotion is prompted by a
desire to forestall possible American purchasers of the securities.—
V. 75, p. 793.
Pelham Park RR City Island, N. Y.— Foreclosure.—The
Farmers' Loan & Trust Co., as trustee, has brought suit in
the Supreme Court to foreclose the $50,000 mortgage made
,
in 1887. -V. 70, p. 231.
Pennsylvania RR. Suit Over Telegraph Contract.—See
Western Union Telegraph Co. under "Industrials," below.—
V. 75,
p. 794, 612.
Pittsburg Lisbon
& Western RR. Co.— Consolidation.—
The new 4 per
ratified on O^t. 21.
The consolidation was
cent bonds,
"when
issued," are being traded in
—V.75, p. 794.
Pittsburg Niles & Western
—Pittsburg Line. See Jones
—
on the curb.
Ry.—Possible New Lake
&
Erie
Laughlin S;eel Co. under
"Industrials" below.
Richmond & Petersburg Electric Ry.—Sale.— See Vir& Power Co. below.— V. 74, p. 327.
Rntland RR. Report.— The results for the year ending
ginia Passenger
Kansas City Mexico & Orient Ry.— General Manager of
Union Pacific Ry Engaged — E Dickinson, recently General June 30 compare as follows
Manager of the Union Pacific Railway, will, it is announced, Tear.
Net.
Oth. inc. Charges. Dividends Surplus.
Gross.
take the position of General Manager of the Orient line 1901-2. $2,07'<5,981 $732,127 $185,«53 $619,»86 (3)*26l,728 $3b,lb6
20.810 473,250 (4) 169,564, 31,805
1900-1. 1,862,236 653,809
on Jan. l.-V. 75, p. 666, 184.
Payment of Bonds.— The $1,059,100 first mortgage 6 and 8
Lake Erie Traction Co.— Securities.—The New York per cent bonds due Nor. 1, 1902, will be paid, both principal
State Railroad Commission recently authorized the company and interest, at maturity at the office of E. H. Rollins &
to make a first mortgage for $400,000 and to increase its capital Sons, 19 Milk Sb., Boston, Mass.— V. 75, p. 240.
stock irom $126,000 to $500,OUO, to provide for construction
St. Joseph & Graud Island Ry.— New Directors.— At the
and equipment of a road from Westfield, Chautauqua
annual meeting on Wednesday the following new directors,
County, to the Pennsylvania line.
being a majority of the board, were elected:
Lehigh Valley KR.— New Capital Requirements- Necessity
David Wood, Charles H. Imhoff, Alfred Decker and Fred.G. Reighley
for Financial Plan.— See report on pages 910 to 913 and of New York, and Raymond Dupiy of St. Joseph.
editorial on page 880.— V. 75, p. 849.
F. C. Kern, C. K, Finlay acid J.V. Lemoines,all of Kansas,
London United Electric Ry.— Change in Control of Por- were the only members of the board re-elected. It is undertion of Enterprise.— See Underground Electric Railways of stood that the control is with interests friendly to the Union
Pacific; it is denied, however, that the latter itself is a
London below.— V. 74, p. 1252.
Called Bonds.-The $1,250,000 of 5 p. c. stockholder, or is likely to be one in the immediate future.
Island
Long
Report. The results for the year ending June 30 were:
bonds issued in 1887 by the Metropolitan Ferry Co. have been
Charges. Div.onlstpf. BaL.sur.
Grots.
Net.
Tear—
interest by the
called and will be paid at 110 and
1901-2. ...$1,349,790 $497,406 $204,803
(5%)$274,902 $17,701
"United States Mortgage & Trust Co., 59 Cedar St., on May 1900-1.... 1.399,954
588,300
188,015
(5% 274,880 123,405
1903.-V. 75, p. 342, 135.
let,
-V.75, p. 30.
Senator
Louisville & Nashville KR.— Investigation.—The purchase
San Pedro Los Angeles & Salt Lake Ry.
of a controlling interest in this property by J. P. Morgan Clark's Purchase.— Senator W. A. Clark has purchased the
& Co. has led the Kentucky Railroad Commission to interests of several Western men in this company, and is now
make a formal complaint to the Inter-State Commerce Com- in absolute control. The price paid is said to have been
mission against the following companies for maintaining an somewhat in excess of $1,000,000. R. C, Kerens, who has
unlawful combination:
always been the largest owner among the St. Louis men, reThe
Atlantic Coast Line RR., Louisville & Nashville RR.. Southern Rail- tains his interests aud his position as Vice President.
way. Southern Railway in Kentucky, Southern Railway In Indiana, "St. Louis Globe -Democrat" says:
South:
RR-
—
—
Cin( innati New Orleans & Texas Pacino Railway, Cincinnati
ern RR. and Chicago Indianapolis & Louisville RR.
See editorial on another page.
Purchase.— See Atlantic Coast LtneRR. above.
Called Bonds.— On page viii of our advertising columns
will be found the numbers of $55,000 Evansville Henderson
& Nashville Division bonds whioh are called for payment at
110 and interest on Dec. 1.—V. 75, p. 793, 733.
Nashville (Tenn.)Ry.- Offer Accepted.—The holders of
the certificates issued by the Baltimore Trust & Guarantee
Co. against deposit of consols of 1900 voted at a meeting on
Tuesday to accept an offer of 80 per cent in cash for their
bonds. The offer comes through Ladenburg, Thalmann & Co.
of New York and Isaac Newman & Sons of New Orleans,
wbo purpose to reorganize the company, retiring the issue of
$3,300,000 consols at the price named.
The expenses of the bondholders' committee, it is stated,
will not exceed \% p. c. and possibly not \\i p. c, leaving
as the net return to the bondholders at least 78^ cents on
the dollar. The payments are to be made as follows: Fifteen dollars per bond upon deposit of the certificates therefor; $30 in 60 days and $35 in four months, with interest at
5 per cent upon deferred payments. The International Trust
It is estimated that it will require not more than two years to complete the roaa to Salt Lake City, all legal obstacles and litigation having been adjusted. There will be no parallel line. The road constructed thin summer faom Los Aogeles to Pomona and Riverside, in
the San Gabriel Valley, is the most substantial road-bed ever buiit on
the Paolho Coast, over $1,000,000 having been expended without
bond or other security issue of any kind. The line will connect with
the Union Pacino ar. Salt Lake City and with the Rio Grande & Western at Mary vale.—V. 75, p. 794.
Seaboard Air Line Ry.— Coal Properties.— See Crane's
Nest Co. under "Industrials" below. -V. 75, p. 667 343.
Texas & Pacific Ry.— See Weatherford Mineral Wells &
Northwestern Ry. below.—V. 75, p. 734, 667.
Toledo Walhonding Talley & Ohio RR.— Successor.— The
Pennsylvania RR. Co. has purcaased the Northern division
of the former Columbus Sandusky & Hocking Valley RR.
Co., extending from Columbus to Sandusky, 111 miles, with
branches 3 miles, and will transfer it to the Toledo Walhonding Valley & Ohio RR. Co. On and after Nov. 1 the road will
be operated as a part of the Pennsylvania system. See also
Zanesville & Western Ry. below.
—
Toronto (Electric) Ry.—New Stock, Etc. The shareholders at an adjourned meeting on O^t. 20 authorized the
increase of the capital stock from $6,000,000 to $7,000,000
"for development purposes." They also gave the directors
authority to act on the question of securing additional power
facilities and of purohasing suburban lines.
These last are
supposed to mean the Metropolian Railway. The bringing of
power from Niagara h*s been rumored as under consideration.—V. 75, p. 667.
—
Co. of Baltimore is the depositary. V. 75, p. 793, 498.
Northern Pacific Ry. -Listed.— The New York Stock Exchange has listed $1,341,000 additional 4s of 1997, making
The proceeds were used to pay for new
total $100,209,500.
construction, equipment, etc., being part of the $1,500,000
available for the calendar year 1902, as provided under Section 4 of mortgage.— V. 75, p. 849, 733.
Oregon & Idaho Central RR.— Preferred Stock Offered.—
Arthur C. Probert, 85 Dearborn St., Chicago, is offering as
fin^noial agent by advertisement on another page 25,000
shares of this company's preferred stock at $6 50 per share,
par value $10. The company wa3 incorporated in Oregon in
July last with $6,000,000 authorized capital stock, of which
one half is 6 per cent cumulative preferred. One-half of the
stock it is stated was subscribed for in Baker, Ore.; 50,000
shares of the preferred have been placed on the market at the
price above named. The advertisement says:
We are building a standard-gauge steam railroad 110 miles long
from Baker City. Oregon, to the Seven Devils copper minii g district
of Idaho. This railroad will have a branch 20 miles long whioh will
open up a virgin forest of 1,500.000,000 feet of lumber. Provisions
have bren made for a 500-ton smelter, which will be exclusively
owned by this railroad, at Baker City, and wbioh will be the only
smelter and refinery in the State of Oregon. This railroad will tap the
Underground Electric Railways of London.— Purchase of
London United Electric Ry. —The Speyer syndicate has purchased in the interest of this enterprise the control of the
London United
Electric Ry. (V. 74, p. 1254); and that company has accordingly withdrawn its application to the
House of Commons for permission to build the proposed line
covering the district westward between Hammersmith and
Piccadilly and southward between Clapham and the city.
The Morgan syndicate propo39s to introduce a bill asking
for new powers to replace those of which it was deprived by
the change in face of the London United and the required
withdrawal of the bill providing for the construction of a
Piccadilly
1
'
&
City road.- V. 75, p. 499.
Urbana Bellefontaiue <fe Northern (Electric) Ry. Co.—
Stock and Bojids— The company has increased its capital stock
-,- nf nf A
«___ 4Kfl ft ..„
from $50,000 to $300,000 „„,/V Q made a mn^cracra for $500,000
and has ma ^ a a mortgage frf,. **nf\ nnn
.
.
.
,:
——
:
—
THE CHRONICLE
908
to the Continental Trust Co. of
New York
as trustee.
rvoL.
lxxv.
President Chambers in his report says that except for the
J. S.
Harshrnan and Fred. J. Green are interested in the road, war of prices, which was precipitated by the Independent
which is to extend from Belief ontaine to Springfield, Ohio.— Window Glass Co., aDd which resulted in the dissolution of
that concern, the results of the year's business would have
V. 75, p. 611.
Virginia Passenger & Power Co.— Purchase. The com- been satisfactory to all the producers. See Federation Winpany, it is understood, has arranged to complete its purchase dow Glass Co. and Independent Window Glass Co. below.
of the Richmond & Petersburg Electric Ry. possession to be V. 75, p. 187.
Baltimore Brick Co. Re-incorporated. For convenience
taken Nov. 10.— V. 75, p. 186.
Weatherford Mineral Wells & Northwestern By.— Sold.— and economy the company has been re-incorporated in DelaThe control of this company has been sold to the Gould inter- ware. The Jersey companyiwill be dissolved. All of the old
The road, it is bonds ($1,500,000) have now been deposited under the plan of
ests, it is believed, to the Texas & Pacific Ry.
to be operated separately, but as an ex- reorganization, so that the new bonds (which will be issued
said, will continue
by the Delaware Company) will be a first mortgage. The
tension of the T, & P. The new officers are:
new securities will probably be ready for delivery about Jan.
George J. Gould, President; L. 8. Thorne, Vice-President; P. E. Bock.
It is proposed to retire the $600,000 second preferred
Secoi d Vice-Preeident and Superintendent, and J. W. Boot, Treasurer 1st,
stock by exchanging it for first preferred, one (1) share of
As to new mortgage recently proposed, see V. 75, p. 612.
first preferred for two (2) shares second preferred.
The capWest Virginia Central & Plttsbnrg Ry .—New Directors. italization of the Delaware Company will then be:
The Fuller syndicate on Thursday completed its purchase First preferred, authorized
$2,400,000
of the 103 000 shares of the capital stock which is to be Of whioh there will be reserved for future use
900,000
over to the Western Maryland RR. (V. 75, p. 550.)
turned
Leaving outstanding
$1,500,000
The board has been reorganized and now includes
Common stock, authorized and outstanding
1,500,000
George J. Gould, Howard Gould, Winslow 8. Pierce, H. O. Deming, Bonded debt, first mortgage 5 p. c. gold 40-year bonds..... 1,000,000
—
,
—
—
:
and Lawrence Greer.
President and Mr. Landstreet Vice-President.
F. 8. Landstreet, E. L. Fuller
Mr. Pieroe
—V.
is
The bonds will be dated Jan. 1st, 1903 (Maryland Trust
Co., trustee), and the interest due the depositors of the old
bonds will be adjusted to that date to conform with the provisions of the plan of reorganization.
The company has no
other debt See plan V. 75, p. 292.
75, p. 443, 291.
Zanesville (0.)
—
Railway, Light
&
& Power Co.— Bonds
Rudolph Kleybolte
Co. own and offer at 101 and
Offered.
interest $530,000 of this new company's authorized issue of
$1,000,000 5 per cent first consolidated mortgage gold bonds,
dated Oct. 15, 1902, due Oct. 15, 1912, denominations, $500
and $1,000; interest payable April 15 and Oct. 15, at the
Safe Deposit Co , the trustee, Cincinnati, O..
Central Trust
York City. The
or the Trust Company of America,
company was incorporated recently in Ohio and took over
the street railway, electric light and water pawer properties
Clairton Steel Co. Status.— See report of Crucible Steel
Co. under annual reports.— V. 75, p. 32.
Colorado Fuel & Iron Co.— Purchases of Stock.— Rumors
have recently beea in circulation of considerable purchases
of stock in this company by the Goulds for the purpose of
&
New
ensuring to their roads the carrying of its product. Chairman John C. Osgood, when asked whether it was true that
Messrs. Edwin Hawley and Gaorge J. Gould had acquired a
large interest in the company, is quoted as having said: l, Yes,
I think they have secured a fairly large interest."
V. 75, p.
of the Zanesville Electric Ry. and the Zanesville Electric
Light Co., which had been purchased by the Kleybolte
—
A
circular says
syndicate.
Authorized capital stook $1,000,000, of which $300,000 preferred.
Total authorized issue of bonds, $1,000,000. including $530,000 now
issued $250,000 deposited with trustee for retirement of $250,000 4s
[of Zanesville Electric Ry., which are subject to call after 190?.— Ed ];
$220,000 reserved for future acquirements, betterments and Improve
ments at a rate not exoeedtne 7o p. o. of the aotual value thereof, on
application by the board of directors and certification by an engineer.
Statement of earnings for year ending July 31, 1902: Gross earnings,
$130,577; net earnings. $62,288; interest on 4s and 5s. $36,500; bal
ance surplus, $25,788; population served. 28,000. For the protection
of the propertv $10,00o is reserved each year, to be used at the discretion of the directors, to maintain the company's plants and equipment; any balance for retirement of Its bonds at maturity.
The street railway has 10 miles of track, not including spurs; threefourths of this havH been reconstructed with from 50 to 92-lb rail, and
the balance is being replaced, .he overhead system Is almost en-
735, 5C0.
Crane's Nest Co.— Coal and Iron Project.—This company
has been incorporated in Virginia witn $10,000,000 authorized capital stock to own extensive tracts of coal and mineral
lands in Wise County and elsewhere in Southwest Virginia.
At Bristol, Va., where the main office is located, it is claimed
that the company is clcsely allied to the South & Western
RR., which, as is known, is to be extended in the interest of
the Seaboard Air Line Ry Co., as a connection between that
company's line and the Ohio River. See V. 75, p. 291.
;
The directors of the new company are:
George L. Carter, Bristol, Va.. President; J. Norment Powell, Wythevllle, Va., Vioe-Presldent; T. F, Davis, Bristol, Va., Secretary and
Treasurer; J. Fred. Johnson and J. S. Gillespie.
Cohen Antomatic Electric Block Signal Co.— New
Enterprise. This company has been incorporated in New
Jersey, with $1,000,000 capital stock, to manufacture a system of block signal invented by George W. Cohen of Allegheny, Pa.
Incorporators: George W. ~ohen and John B. Wheeler, Allegheny;
George F. McNeale, of the Standard Plate Glass Co., Butler, and C. L.
tirely reconstructed, and is in effloient condition. The rolling stook Is
modern and sutflolent. Both the electric lighting and the street railway power are furnished from one plant which has bol'er, engine and
eleotrio equipment able to produce ov»r 2,000 horse-power. The pjle
line has reoently beeu extended into the re«idenoe portion of the city,
although there Is still very little electric lighting used for residences,
—
the alternating system having been added to the plant only a year
ago. For a small annual rental to the United States Government the
privilege has been obtained of using a certain amount of water and a
piece of real estate at a dam on the Muskingum River. The waterpower operates under a normal head of 14 feet, and Its reasonable
development can b made of great advantage and saving in fuel .ml
general operating expenses. The franchises are liberal and free from
objectionable features. The contraot for the electrlo lighting of the
city Involves 262 arc lamps at an annual charge of $/3 50 per lamp.
The directors are
as follows
Stevens, Pittsburg.
Dennisou (0.) Water Supply Co.— Called Bonds.— All the
$125,000 6 p. c. bonds of 18«8 have been called and will be
paid on or before Jan. 2, 1903, at the offices of the Safe DeTrust Co., Greensburg, Pa.; Robert E. Glendenning
posit
Co., No. 400 Chestnut St., Poiladelphia; Seaboard National Bank, New York, and the Merchants'
Mechanics'
:
&
President, F. A. Durban, Zanesville; Vice-President. H. M. By lies by;
Chicago; Treasurer. W. D. Breed, Cincinnati; John Hoge, Zanesville,
John Roth, George Koeler and G. H. Warrington, of Cincinnati.
&
&
Bank, Dennison, Ohio.
East Creek (Herkimer County, N. Y M ) Electric Light &
Power Co.— Mortgage.— A mortgage has been filed to Charles
S. Millington of Herkimer, as trustee, to secure $200,000 of
first mortgage gold bonds.
East St. Louis (III.) Gaslight Co.— Further Facts— The
first mortgage 5s recently offered (V. 75, p. 735) are part of an
authorized issue of $750,000, but bonds in excess of $250,000
may be issued only to pay for 90 p. c. of the cost of additions
to and improvements when the nt-t earniDgs are at least double
the interest on outstanding bonds. Further facts follow
The company is required to pay to ttie sinking fund on Sept.l 1904,
1905 and 1906, respectively, an amount equal to 1 p. o. of the bonds
W.
A. Gibbs is Secretary and Manager.
Zanesville & Western Ry.— Successor Company.— This
company was incorporated in Ohio on Oct. 17 witn fa, 500, 000
authorized capital stock, to succeed to the southern divi^on
Hocking, which was recently
of the Columbus Sandusky
foreclosed (V. 75, p. 793). The entire capital stock and the
$2,000,000 bonds have been purchased by the Hocking Valley
Ry., which see. Also see Toledo Mahoning Valley & Ohio
Ry above.
&
:
INDUSTRIAL.
ttAS
AND MISCELLANEOUS.
.
—
American Penny Express Co.— Stock Offered. This company, organized under the laws of South Dakota with $1,000,000 capital stock in $1 shares, "fully paid and forever nonassessable," is offering "a few thousand shares" of its stock
at par. An advertisement says:
We operate our system of wagons and distribute advertising mat-
p. o. yearly, rue stook is $l.000,t 00. of
which the majority is held by Chas. G. Dawes, W B Ridgley, Rufus
C. Dawes, Beman G. Dawes, Chas. H. Bosw(>rth and Wni. A Rodenbt-rg. The plant has a daily manufacturing oapaoity of 12 ',000 cubic
feet and is being increased to a dally oapaoity of 360,000 oubto feet.
The earnings we are informed are several thousand dollars
in excess of interest requirements and are expected to be
V. 75, p. 551.
largely increased during the next year.
diElectric Storage Battery Co.— Chloride Syndicate.—
rector is quoted as follows
The acquisition of the Chloride Electric Storage Syndloate. I^td.. by
our company has no direct bearing on our relations with the Stanley
Electrlo Manufacturing Co. No decision has been reached In the latler matter nor is any step likely to be taken very early, Mr. Whitney
having not yet resumed the reins on this side.
then outstanding; thereafter 2
—
samples, catalogues, magazines, eto
direct to the
homes, at a cost of only one cent each. We also reoeive for delivery at
current rate parcels and packages oon signed to any part of the world.
We also oall for and deliver parcels and packages to any address lu
New York Olty for 10 cents apiece. We are increasing our facilities,
are organizing new territory, and are negotiating for the purchase of
other companies now operating. We tiave already paid a dividend of
5 percent (on Sept. 20, 1902). for the first three mouths.
JDlreotort: Frederick G. Andereon (President), J. Alexander Ford,
Secretary and Treasurer; John Palmer, oloak merchant, New York
City; Oscar Nelson, of South Dakota, and E. M. Harlam, pawnbroker,
ter, circulars,
,
A
:
We
The amount of the Chloride Syndicate acquisition is just this:
sold them our patents, and now, seeing how slowly they were getting
on, we oonoluded that we could oarry on tbfir business better ourselves. Great Britain is a promising though a rather young Held for
the electrlo storage battery business, the u*e of the battery not being
as commonly understood there as here. Moreover, they dont know
there how to promote a business as we do.
New York City.
Office, 18 21
Park Row,
New York
City.
American Window Glass Co.— Report.— The results for
the years ended Aup. 31, 1902 and 1901, compare as follows
:
Other Depreciation Common
income, charged off. dividends
from {/lass,
"•
1
1001-2..'
$120,
,„, t78l ,
$871,661
% 186,963 }
000
*'° ,WU
Fiscal
year,
'
19U0-1..
Pre)
Profits
1,533,836
178,334
800,600
J
w
i
md
Apparent
surplus.
lids.
t
'
(
(7) $S}SJ,U09
(7) 280,006
)
J
$819,862
1
The Chloride Electrical Storage Battery Co. of Manchester,
England, control of which has thus been acquired, is reported
—
October
:
—
;
THE CHRONICLE.
25, 1903.
909
an authorized capital of £135,250, of which £95,250
is outstanding.— V. 74, p. 677.
Federation Window GHass Co.— Status. The organization
of the new Independent Window Glass Co., as successor of
the Independent Glass Co., which is referred to below, continues the control of the bulk of the ordinary window glass
business of the country in the hands of three leading in
terests, viz.: The Independent Glass Co., the American
Window Glass Co. (see Investors' Supplement) and the
Federation Window Glass Co., with main office at Mancie,
Ind. The last named, which was organized as the Federated
Co-Operative Window Glass Co., increased its capital stock
The total length of the road will be a little more than 125 miles.
The grades found by the surveying parties, who have been In the field
for some months, are excellent. It is believed that the road can be
built without striking a grade greater than I per cent at any place.
Laughlin Steel Co and the Union Steel Co. reOifloials of the Jones
f UHe to state to what extent these companies are interested in the projected road. The only official statement so far given out was a short
one by the Jones & Laughlin Steel Co which reads as follows: "The
President. J. R. Johnston, Hartford City, Ind.; Vice-President, T. C.
Milvllle. N. J Secretary, Leopold Mambourg, Columbus, O.;
Treasurer. Wm. L. Manro, Pittsburg. Executive committee: J. R.
Wick, Danville. Ill; W. A. Jones, Morgantown, W. Va.; M. L Case.
Bowling Green, Ohio; Charles Dhe, Hartford City, Ind.; O. Mallen,
Gas City, Ind Ootave Jacquain, Matthews. Ind.; George Jonas,
Bridgetown, N. J.; E. H. Flood. Atco. N J. T. L. Eyre, Westchester,
8malley, Sandusky, Ohio; J. L. Knisely, Bellefonte, Pa W.
Pa.; J.
W. Miller, Wellsboro, Pa.; A. B. Ledwith, trownville, Va.
W. E. Beswlok; Assistant Secy, and Treasurer, W. B. Higgins.— V. 75,
to have
—
<fe
,
report that the Jones & Laughlin Steel Co. is interested In the new line
to Lake Erie is mainly oorreot, although the information did not come
from this office."—V. 75, p. 796, 669.
(The) La Belle Iron Works, Wheeling, Etc.— New Plant,
Etc.—This is the correct name of the company referred to
recently as La Belle Iron & Steel Co. The addition to the
Steubenville plant, we are informed, was ready for operation
in March last from $200,000 to §600,000, and on May 7 Oct. 1, increasing the company's capacity as already shown.
changed its name to the Federation Window Glass Co. The All of the $5,000,000 capital stock is outstanding except a few
company is a New Jersey corporation; it controls and buys shares ($100 each) in the treasury for the use of the company's
outright the output of some 800 pots owned by 40 concerns, employes; no bonds outstanding. The company owns its
these plants producing some 2,000,000 boxes of glass yearly. entire property in fee, save the Minnesota ore lands, which
The company's stock ($240,000 outstanding) is all of one class; are, as usual there, leasehold. Officers:
no bonds. The officers elected Sept. 9 are:
President. Jno. E. Wright; Vice-President, A. J. Clarke; Secretary,
Wheaton,
;
;
;
R
;
p.
669.
Lombard Investment Co.— Distribution.— The following
now payable at the Atlantic Trust Co. of this
dividends are
on debentures of the following
city
U.
p. o
-V.
series, viz.:
No. 1, 7*3 p. 0.5 U. 8. A., 15 p. o.; U. S. B.. 20 p.
U. S. D.. 5 p. o.; U. 8. E., 15 p. c; U. S. G., 10 p. c
S.
;
U. S. C, "7**
U. 8. 1., 5 p. c.
o.;
;
57, p. 510.
The Window Glass Workers' Association was recently
Manufacturers' Light & Heat Co. of Pittsburg.— Extra
granted an advance of about 12 per cent in wages for the Dividend. — The directors last week declared the regular
ensuing year. At a meetiDg on Oct. 7 the several interests quarterly dividend of 2 p. c. and an extra dividend of
J4 °f
agreed to stop cutting prices. The factories of both the 1 p. c, both payable Oct. 20. The company now owns all or
American and Federation window glass companies resumed substantially all of the stock of the Tri-State Gas Co. and
operations Oct. 15 after having been closed since May 24.
Wetzel Gas" Co., both of West Virginia. Compare V. 75,
Greene Consolidated Copper Co.—New Stock.— The share- p. 736, 457,
holders will vote Nov. 5 on increasing the capital stock from
Massachusetts Gas Companies.— Contract, Kidder, Pea$6,000,000 to $7,200,000. The transfer books closed Oct. 20. body & Co. deny the report that a new col tract for the
privilege of subscribing
Present shareholders are offered the
tupply of coal has been entered into between the Dominion
pro rata to the new shares at $20 per $10 share. Toe iesue Coal Co. and the New England Gas & Coke Co. The old
—
has been underwritten. Six smelters are in operation and
the seventh will be put in commission about Dec. 10. The
converter plant now completed has a capacity of produciug
8,000,000 pounds of copper per month. Eight main working
shafts are now being operated. President Greene claims that
at the present rate the production of the company is exceeded
by that of only two other producers, the Amalgamated
Copper Co. and the Calumet & Hecla Co.— V. 73, p. 1267.
Hamilton- Brown Shoe
Co., St. Louis.
New Stock.— The
shareholders will vote in St. Louis on Dec. 15 on a proposition to increase the capital stock from $1,000,000 to $1,500,C00.
A.
The
directors are:
D
Brown, W. F. McElroy, R. F. Spencer, H. L. Brady, Chauncey
Ladd, J. M. Sloan, W. M. Sloan.
Independent Window Glass Co.— Successor Company.—
This company was incorporated in New Jersey on September 26 with $t, 000, 000 stock, all outstanding (par $100), as
successor of the Independent Glass Co., which was organized in D-cember, 1900, as selling agency for some 86 concerns outside the American Window Glass Co. The new
company, it is understood, will control at least 600 pots, buying their entire output. No bonds. Most of the other Eastern
independent window glass companies are represented by the
Federation Window Glass Co., which see above.
The directors of the Independent Window Glass Co. are
C. P. Cole, Lancaster, O. (President); L. 8. Cunningham, Pittsburg,
(Vice-President); George Camp, Bradford.JPa.; G. W. Morenus, Kane,
Pa.; T. T. Welch, Falls Creek, Pa.
is quoted as saying :
not a trust, or a selling agency. We are a company organized to do a business of manufacturing and selling window glass. The
company has no Intention of building a new faotory at Lancaster, O.,
as has been reported, or anywhere else at present. Our factories are
now built and in operation. We may build a faotory at a later date
at Columbus.
President Cole
We are
Sayer,~Marion, Ind., is Secretary and Treasurer
executive office, Columbus, O.— V. 71, p. 1313.
F. G.
Measures,—The
International Packing Co.— Protective
Equitable Trust Co. of Chicago, at the request of a large
number of the debenture bondholders, has consented to sub
mit a plan to protect their interests. All holders who wish
to co-operate should communicate with the trust company at
contract (see V. 75, p. 189) is for the supply of the ovens at
Everett up to a maximum of 1,000 at $1 90 per ton. It was
said that under a new contract the New England Gas & Coke
Co. would receive its present supply for 400 ovens at about
the same price as heretofore, and would pay a sliding scale
of prices for additional coal above the requirements for 400
ovens.— V. 75, p. 796, 736.
Monolith Cement Co.— Foreclosure. William P. Williams,
as trustee for the bondholders, has brought; suit in the Elkhart Circuit Court of Indiana to foreclose the company's
$1,000,000 mortgage. Melvin U D.marest, of Elkhart, is
receiver of the company, which was incorporated in Michigan
with $2,500,000 capital stock, Lycurgus McCoy of Battle
press despatch says:
Creek being President.
The company has over 500 acres of marl land near Bristol, and has
It had arranged to build a
projected a plant to employ 200 hands
hui<e dam and built an eleotrio-light plant at Bristol which is used
chief assets.
to light the city, and 1b one of the
Muucie (Ind.) Water Works Co.- Bonds Paid.— All the
outstanding bonds, amounting to $80,000, are reported to
have been canceled. V. 70, p. 636.
—
A
—
& Stamping Co. — Dividend.— The
company has declared the regular annual dividend of 7 p. c.
National Enameling
on the preferred stock, payable in quarterly instalments of
\% per cent each on Jan. 1, April 1, July 1, Oct. 1, 19i)3, and
an annual dividend of 4 per cent on the common stock payable quarterly 1 per cent each on Jan. 1, April 1, July 1, Oct.
1, 1903.— V. 75, p. 341.
National Cash Register Co.— Decrees Entered. The
United States Circuit Court this week entered decrees
against the Hall wood Cash Register Co. of Columbus,
Ohio, in the two suits for infringement of patents recently
decided
injunctions are allowed against the Hall wood
company, and Henry D. Oliphant is appointed master to
determine damages and profits. V, 70, p. 1151.
New Jersey Agricultural Chemical Co.— Receiver. Vicechancellor Emery at Newark, N. J., on Oct. 16 appointed
Chauncey G. Parker receiver of the company because of con-
—
;
—
—
fessed insolvency. The capital stock is $500,000 and there is
said to be a floating debt of $79,793, besides a mortgage to
the Commercial Trust Co. of New Jersey, as trustee, to secure
$100,000 of §500 bonds. The mortgage covers buildings, plant
and real estate, located on the Hudson County bank of the
once.— V. 72, p. 939.
May
Jones & Lang hi m Steel Company, Pittsburg.
Build Railroad to Lake Erie. Plans are under consideration
for the construction of an independent railroad line from Passaic River.
National Lead Co. Consolidation. Daniel Guggenheim
Lake Ei ie to Pittsburg, in the interests of this company, the
Union Steel Co. and pcssibly the Crucible Steel Co. of is quoted as saying:
The American Smelting & Refining Co. handles from 80 to 85 per
America. Like the Pittsburg Bessemer & Lake Erie RR. in
cent of the lead output of the United States. The remaining 15 or 20
—
—
—
the case of the United States Steel Corporation, the new road
would serve as an economical aid in the transportation of
iron ore from Lake Superior to Pittsburg, and would also
afford connection with the Vanderbiit roads. The " Iron
Age"
says:
Thefirstreal work toward consummation of the projeot was *he purchase the other day of 2,500aeres of valuable land froutage near jGirard,
Pa., by A. W. & R. B. Mellon, who are largely interested in ths Union
Steel Co.; they have thereby obtained praotloally the only unoooupled
harbor site between Cleveland and Buffalo. This site carries witn it
the charter of the Lake Erie Terminal Rft., running trom the dock site
to Albion, where connections are possible with the Lake Shore & Miohlfan Southern, the Bessemer & Lake Erie and the New York Cliioago <fe
The new railroad will probably be known as the Pittsburg
t. Louis.
Niles & Western. Its looal connection will be the Monongahela Connecting RR., the present terminal line of Jones <fe Laughlin. This line
now extends to ooal properties of the company baokof Homestead and
Hay's Station.
per cent is chiefly handled from the Missouri mices. It is to control
this output and to ally with us the leading manufacturers of lead shot,
lead sheet, paint, and similar products, thdt we have been figuring, and
we have now praotloally received the assent that will make the merger
possible.— V. 75, p. 736.
Pressed Steel Car Co.— Earnings.— The earnings for the
three and nine months ending Sept. 30, 1902, compare as
follows:
Reserve for Balance for
3 mos.end. Prof, from Interest
Div.on
com. stock.
Sept. 60 - operation,
on bonds, pref. stock, depreciat'n.
$8U.t42
1902
$218,750
$987,110
$1,345,5*7
$39,225
218,750
51,077
1901
292,106
626,783
64,850
9 mos.
1902
1901
-V.
$3,304,739
1,817,024
$179,837
185,077
$656,250
656,2aO
$210,723
147,888
75, p. 189.
(3T For other Investment
New* see Page
926.
$2,258,429
827,809
—
:
THE CHKONICLE.
910
LXXV,
[Vol.
and ^otxxmznts.
jep0rts
LEHIGH VALLEY RAILROAD COMPANY.
EXTRACTS FROM THE FORTY-EIGHTH ANNUAL REPORT TO THE STOCKHOLDERS— FOR THE
YEAR ENDED JUNE
Philadelphia, October 15th,
FISCAL
1902.
30,
damages, estimated at eight hundred and eight-six
thousand dollars ($886,000,), of which five hundred and
sixty-two thousand dollars ($562,000) is included in expenses
flood
1902.
Railroad Company
To the Stockholders of the Lehigh Valley
The Board of Directors herewith submit the forty-eight
annual report of the business of your Company and its
of operation to June 30th 1902.
Earnings from operation
Expenses of operation and taxes.
allied interests:
MILEAGE.
The mileage of railroads owned and operated by the Lehigh Valley system, the main line of which extends from
$12,640,455 82
11,508,714 27
Net earnings from operation
Earnings from water lines.
Expenses and depreciation of water lines
Jersey City, N. J., to Buffalo, N. Y,, is 1,399-6.
As stated in the last annual report, the date of the close
of the fiscal year of your Company has been change J from
November 30th to June 30tb, covering tbe same period as
that for which reports are required by the Inter-State Commerce Commission and the authorities of the several States
in which your lines are located. The results of railroad
operation for the seven months ended June 30th, 1902, as summarized below, were adversely affected, and present an unfavorable showing by reason of extraordinarily heavy floods,
inflicting s»-rious damage to your lines in the months of
December, 1901, and February and March, 1902; and by a
subsequent strike in the anthracite coal regions, beginning
May 12th, 1902, which was still in progress at the close of the
The loss in gross revenue from these causes by
fiscal year.
interference with traffic was not less than three millions of
dollars ($3,000,000), in addition to the cost of repairing
Net
$1,131,741 55
$830,209 89
926,009 97
on water lines
loss
Add income from
95,800 08
$1,035,941 47
545,734 58
other sources
$1,581,676 05
Less interest payable and surplus earnings due to controlled
companies
223,591 70
Total income
$1,358,084 35
Proportit n of fixed charges, Including Lehigh Valley
Coal
Company guaran y
Deficit for seven
3,478,799 00
months ended June 30th, 1902 ....
$2.1 20,714
65
For the purpose of making a comparison of the results of
a full year's operation, the Income Account is stated for the
year beginning July 1st, 1901, and ending June 30th, 1902,
and also for the corresponding twelve months immediately
preceding, as follows
:
INCOME ACCOUNT.
Year Ended June
30th.
Decrease.
Increase.
1902.
Per Cent
1901.
Earnings from Operation—
$9,328,959 09
9.627.286 35
3,6H4,820 27
From coal traffic.
From miscellaneous freight traffic.
From passenger traffic
From express and mail
From miscellaneous sources
460,85ft
$9,636,802
9,272,317
2,989.004
424,083
1,160,359
54
1,190,333 14
$24,272,254 39
Total earnings.
48
07
24
35
50
$307,843 39
$354,969
675,816
36,772
29,973
28
03
19
Dec
3-19
3-83
22-61
8-67
Inc.
2-58
64
$23,482,566 64
$789,687 75
Inc.
3-36
04
72
4a
04
$391,279 58
833,062 44
Inc.
"
922
1930
Dec.
2-60
Inc.
-48
$984,093 82
Inc.
527
Expenses of Operation—
For maintenance of way and structures
For maintenance of equipment
For conducting transportation
For general expenses
$4,632,996 62
5,149,924 16
$4,241,717
4,316,861
9,374,299
735,146
9,130,53018
738,667 14
""£52110
$243,769 30
Total expenses.
19,652,118 10
$18,668,024 28
Net earnings from operation.
$4,620,136 29
6)5,467 32
$4,814,542 36
622,805 78
$194,406 07
7,338 46
Dec.
4-04
1-18
$4,004,668 97
$4,191,736 58
$187,067 61
Dec.
4-46
Less taxes
Earnings from water lines
Expenses and depreciation water
Net
loss of
water
$1,658,703 36
1,849,282 36
$1,699,270 95
1,771,929 42
lines.
Ino.
2-45
$77,352 94
Dec.
418
72,658 47
$190,574 00
$117,915 53
Deo.
6187
$3,932,010 50
$4,001,162 58
$69,152 08
Dec.
1-73
30
00
50
$48,437 10
Dec.
1402
'3,213 64
Dec.
7-58
lines.
To which add—
Income from other sources
$40,562 59
(see
page 40
of
pam-
phlet report):
uividendrt on stocks
Interest on bonds
Interest on mortgages
Sundry receipts
Interest receivable, general account
$296,978 20
616,120 00
$345,415
616,120
42,399
42,960
34,475
39,1
48,427 35
7e,655 99
61
83
$5,466 74
44,180 16
Ino. 12-73
1,079,367 40
$1,081,371 24
$2,003 84
Deo.
•19
$5,011,377 90
$5,082,533 8 £
71,155 92
Deo.
140
Ino.
6-57
Inc.
3812
Less-
$260,817 18
$17,135 95
82,296 17
3(50,249 30
Interest payable, general account
Surplus earnings due to controlled Companies..
$260,817 18
$99,432 12
$4,651,128 60
$4,821,716 64
$277,953 13
82,296 17
Total income
Deduct—
$2,217,583 34
228,751 00
2,647,995 00
$2,285,500 00
Interest on funded debt
245,543 62
Interest on equipment trust obligations
2,647,995 00
Rentals of leased lines and guaranties
Interest on bonds of The Lehigh Valley Coal
804,S66 66
Company, guaranteed..
$170,588 04
$67,916 66
16,792 62
825,700 00
Deficit.
$5,920,029 34
$1,098,312 70
80 97 per cent
79 '50 per cent
The Income Account does not include the operation
of the Lehigh Valley Coal
EARNINGS.
The earnings of your railroad lines in the period under review were reduced by an estimated amount of three million dollars ($3,000,000), owing to the floods and strike, to
which reference has heretofore been math': the gross earnings being $24,272,254 39, an increase of $789,687 75 over the
corresponding period in the previous year, or 3-36 per cent;
the gross earnings of the Lake Line, the Lighterage and
Company,
Towing Lines
in
34
Deo.
2-53
Ino.
$23 4,463 98
Ratio of operating expenses to earnings (exclusive
of taxes)
7
$63,875 94
$1,332,776 68
3 06
Ino.
$20,833 34
5,983,905 28
3-54
Deo.
108
Inc. 21-35
1-47
>tateinent of which
is
shown on page 913.
New York Harbor and
the Morris
<
'anal
199,270 95, an increase over the previous year of
562 59, or 2-45 per cent, making a grand total of j;ross
earnings from all transportation lines of $25,971,525 34, an
increase of $830,250 34, or 3-30 per cent.
10, an
The expenses of railroad operation were $19,652,1
increase over the previous year of $984,
per
H
cent; the expenses of operation ami
depreciation
of
water
OCTOBKR
25,
THE CHRONICLE.
1902.1
to $1,771,029 42, a decrease of §77,352 94 over
the previous year, or 4 18 t er cent; the total expenses of
operation of railroad and Water linos being $21,42-1,017 52,
an increase of $906,740 88, or 4 42 per cent.
The net earnings of the railroads were $4,620.136 29,
crease as compared with the previous year of $194,406 07, or
Deducting $688,125 ;-.> for taxes and loss and
4-04 per cent.
depreciation on water lines leaves $3,932,010 50 as the net
earnings from transportation, a decrease of $69,152 08, or 173
per cent.
The percentage of railroad operating expenses to earnings,
exclusive of taxes, was 80*97 per cent, as compared with
79-50 per cent in the previous year, an increase of 1-47.
lines
PASSENGER TRAFFIC.
amounted
-
COAL TRAFFIC.
From May 12th to June 30th. 1902, an inconsiderable tonnage
of anthracite coal was moved over your railroad, the cause
being a strike of the employes of the collieries located on
your main line and branches, and whose output is ordinarily
transported to market over your lines.
The period covered by the strike, embraced in the fiscal
year just closed, was somewhat longer than that of a similar strike in the previous fiscal year, and the loss of gross
revenue was greater, being estimated at one million nine
hundred and twenty thousand dollars ($1,920,000) up to
June 30th.
further loss in revenue, estimated at seven hundred
thousand dollars ($700,000), was caused by heavy floods during the winter, of which mention has elsewhere been made
in this report.
The earnings from transportation of anthracite and bituminous coal were $9,328,959 09, a decrease as compared with
the pievious fiscal year of $307,843 39, or 3-19 per cent
The coal tonnage earning revenue amounted to 8,923,446
net tons, a decrease of 756,118 net tons, or 7*81 per cent.
In addition, 1,459.931 net tons were carried for Company's
supply, and 1,979,133 net tons were hauled by other carriers
over your tricks, making a grand total of 12,362,510 net tons
moved, a decrease of 1,022,685 net tons, or 7 64 per cent.
The average revenue per ton hauled on your trains was
104*54 cents, an increase of 4-98 cents, or 5-00 per cent.
A
MISCELLANEOUS FREIGHT TRAFFIC.
911
The revenue from passenger
traffic
was
$3,664,820 27,
an
increase of $675,816 03, or 22-61 percent. This increase is
mainly due to receipts from passengers carried to and from
the Pan-American Exposition at Buffalo, N. Y., the period
of greatest activity being in the early months of the fiscal
year.
Passenger traffic was also interfered with by the floods,
some of the through trains being temporarily withdrawn,
with a resulting loss in revenue estimated at sixty thousand
dollars ($60,000.)
The total number of passengers carried was 4,308,497, a
decrease of 148,235 passengers, or 333 per cent.
The average revenue per passenger was 85 -06 cents, an
increase of 17'99 cents, or 2682 per cent.
The average revenue per passenger per mile was 1-757 cents,
a decrease of *1 cent, or 5-39 per cent.
The number of passengers carried one mile was 208,561,926,
an increase of 47,608,249 passenger miles, or 29'58 per cent.
The average distance esch passenger traveled was 48-41
miles, an increase of 12-30 miles, or 3406 per cent.
The passenger train mileage was 4,010,713 train miles, an
increase of 16,836 train miles, or -42 per cent.
MAINTENANCE OF WAY AND STRUCTURES.
The expenses of Maintenance of Way and Structures for
the year were $4,632,996 62, an increase of $391,279 58, or
9-22 per cent.
Your railroad suffered two serious losses by flood, the first
of which, occurring on December 15th, 1901, occasioned a
great amount of damage along the Lehigh Valley between
White Haven and Mauch Chunk and in the territory traversed by the Lehigh & New York and Elmira Cortland
& Northern branches, This flood caused a loss in bridges,
damage to roadway and track, estimated at about $275,000.
The work of repairing the d .'.mage was still under way
when, on February 28th, practically the same territory was
visited by a second and much more severe flood, undoing
entirely the repair work that had been completed after the
The estifirst flood, and entailing an additional heavy loss.
mated cost to repair the damage caused by the two floods is
about $886,000, of which amount $562,000 had been expended
up to June 30th, 1902.
The work begun some years ago, of bringing the physical
The earnings from miscellaneous freight traffic, excluding condition of your property to a higher standard, was conwater lines, were $9,627,286 35, an increase of $354,969 28 tinued, and as much progress made in that direction as was
as compared with the previous fiscal ear, or 3'83 per cent, possible. At the close of the year 293-02 track miles were
notwithstanding loss of revenue by diversion of traffic, caused laid with stone ballast andj 896 track miles protected by
by floods, estimated at three hundred and twenty thousand automatic signals.
dollars ($320 000).
The total amount included in the expenses for the year
The total tonnage, exclusive of Company material, was was $1,676,974 27, of which $750,776 06 pertained to the
9,251,440 tons, an increase of 419,941 tons, or 4*76 per cent.
period December 1st, 1901, to June 30th, 1902, and $926,The average«revenue per ton was 10106 cents, a decrease 198 21 to July 1st, 1901, to November 30th, 1901.
all
\
of "93 cent, or *89 per cent.
Company
material amounted to 361,764 tons, an increase
MAINTENANCE OF EQUIPMENT.
of 47,352 tons, or 15 06 per cent.
-
The cost of Maintenance of Equipment was $5,149,924
COMBINED COAL AND MISCELLANEOUS FREIGHT TRAFFIC. an
138,325
The credit balance of Equipment Renewal Reserve Account on November 30th, 1901, was
$476,042 41
To tbis has been added the estimated cost of replacing
The combined volume of business, the direction in which
moved, and the ton mileage, are shown in the following
table:
Ooal and Miscellaneous
Freight—
Local through, west-
hound'
Increase
or Decrease.
1901.
D. 2,410
I. 3,592
Total local
through,
21,683
36,400
1,444,093
5,102,494
J>.
6,604,670
7>.
7.248,119
387,626
west-
through,
19,273
39,992
1,692,212
4,714,868
6,466,345
Local through,east-bound*
Local way, west-boundt...
Local way, eastrboundt...
Interline
Net Tons.
Net Tons,
1902.
east-
hound$
691,863
bound§
Interline way, west-boundt
Interlineway, east-hound {
Total interline
563,348
7.128,515
3,408,197
2,652,353
4,024.071
2,528,256
D.615,874
4,956,128
4,790,718
7.165,410
11,708,541
11,906,393
D. 197,852
18,174,886
Interline
18,511,063
D. 336,177
1,821,695
1,644,601
7.177,094
7.124,097
Total carried, earning rev-
enue
Total carried lor Company's use
Total tonnage carried.
D. 159,083
19,996,581
20,155,664
Carried one mile, earning
revenue
3,418,884,789 3,606,697,936 71.187,813,147
Carried one mile for Company's use
153,720,416 155,236,201
D. 1,515,785
Total carried one mile.3,572,605,205 3,761,934,137
Average distance carried,
all revenue freight
188-11 miles
Average revenue per ton,
all
revenue freight
104-30 cents
Average revenue per ton
per mile, all revenue
-554 cent.
freight....*
t
Local
Local
traffic
traffic
7>.
189,328,932
194-84 miles
D.
10215 cents
7.
-524 cent.
7.
673
miles
2*15 cents
030
cent.
betweeen terminals of the system.
between intermediate points or between intermediate
points and terminals.
§ Traffic
or
interchanged with other carriers
between junctions with other roads.
X Traffic interchanged with other carriers
other than terminals or junctions.
moved between terminals
moved
16,
increase of $833,062 44, or 19*30 per cent. This increase
was largely on account of repairs and renewals of locomotives, the policy of rehabilitating this class of equipment
having been continued. The charge for locomotives condemned was $308,000 greater than in the previous fiscal year.
Among the extraordinary expenses is $130,993 95 for new
heavy tenders and a general overhauling of 25 of your large
locomotives. Increases in prices of material and in rates of
wages further increased the locomotive repair expense $145,000.
The cost of additional shop machinery, amounting to
$78,781 40, was also included in the expenses, and heavier
repair work generally was done at all the shops.
to or from points
equipment taken out of service
324,828 18
Making a total credit of
$800,870 59
Against this has been charged the cost of equipment covered by Car Trust Series "F." to which further reference
is made, in excess of the principal of the trust certificates
issued; the expense of negotiating same, and the principal of Series "E" and "F" accrued during the year,
amounting to
$232,315 13
And, in addition, the costof equipmentbought
for replacements
12,817 98
Total charges
245,133 11
$555,737 48
Leaving credit balance, June 30th, 1902
CONDUCTING TRANSPORTATION.
The expenses of Conducting Transportation amounted to
$9,130,530 18, a decrease of $243,769 30, or 260 per cent,
The average number of tons of revenue freight in each
train was 466-83, an increase of 2-95 tons over tte previous
year. Including the helping engine mileage, the average
number of revenue tons per train was 426 87, an increase of
1005 tons over the previous year. The average number of
tons of freight in each train, including Company's supplies,
was 487*82, an increase of 3'98 tons, or "82 per cent. Including the helping engine mileage, the average number of tons
of all freight in each train was 446-06, an increase of 11-30
tons, or 2-60 per cent.
-
:
THE CHRONICLE.
912
MARINE EQUIPMENT.
amounting
which was $35,200.
payment was made on account of the construction of the steamer "Mauch Chunk," amount $6,500.
The Marine Equipment belonging to your system consists
final
"
6,000
6,000
3,000
3,000
3,000
3,000
"E.P.Wilbur"
"Seneca"
"Saranac".
"Tusoarora"
and
1
steam
of its
New York Harbor
and vicinity
20 tugboats,
3 steam lighters,
118 barges,
21 car floats,
viz.,
the steamers " Wilkes-Barre "
your Company.
The stock of the Reading Company received in partial
settlement of claims of your Company against the former
Lessees was sold for cash and the proceeds placed in your
1 wrecking boat.
And
marine equipment,
33 barges. This mortgage is for
$725,000, payable in annual instalments of $120,000 each for the years 1902 to 1906,
inclusive, the final instalment payable May 1st, 1907,
being for $125,000.
The first instalment of principal,
$120,000, due May 1st, 1902, was paid.
The proceeds of this
mortgage were applied to the payment of a part of the cost
of the vessels covered by the mortgage, the remainder of the
cost having been appropriated from the current resources of
lighter.
Also the following vessels operating in
boats in service on the Morris Canal
10 scows.
68 barges,
:
Treasury.
In the annual reports for the years 1 900 and 1901 reference
was made to the necessity for procuring additional capital
to provide funds to place the property of your Company and
its auxiliary companies at a standard of efficiency and
economical working, with due consideration for the character of traffic transported, a very large proportion being
hauled at exceedingly low rates. Much work of this character remains to be done, and although it will be necessary
to provide a portion of the funds from the net earnings of
the Company, some financial plan must be adopted by
which funds from other sources can be obtained.
The accumulated credit to depreciation of Lake Line
Equipment, amounting to $421,380, was closed out into the
investment accounts and the book values thereof reduced
accordingly.
CONSTRUCTION.
On the Greenville & Hudson Kailway $34,610*64 was expended since November 30th, 1901, for filling trestles. This
work is now completed.
Land purchased for right of way of the Lehigh &
Lake Erie Railroad amounted to $192,056*75. In addition,
$7,884*34 was expended for right of way for the Lehigh
Valley Terminal Railway and $923 for the Easton &
By
order of the Board of Directors,
ALFRED WALTER,
Northern Railroad. Property purchased for the Pennsylvania & New York Canal and Railroad cost 6,952*40, and
for the
Depew
& Tonawanda Railroad,
President.
$441.
FINANCIAL.
LEHIGH VALLEY RAILROAD COMPANY,
Equipment Trust, known as "Series F,''
amounting to $560,000, was created on May 1st, 19u2, covering 40 locomotive engines, and providing for the issue of 56
An
additional
GENERAL PROFIT AND LOSS ACCOUNT.
Adjustments from Decemer
•
certificates of $1,000 each, bearing interest payable on May
1st and November 1st, at 4J^ per cent per annum, the principal being payable in seven annual instalments of §80,000
each, beginning
Miy
Car Trusts "A," " B," " C,"
"D"
matured principal of
and "E," aggregating
of
Credit.
Interest on Coal Ridge Improvement
bonds belonging to previous years
On May 7th, 1902, the entire capital stock of the Righter
Coal Company, operating the Mount Carmel Colliery, at
Mt. Carmel, Northumberland County, Pa., of the par value
$300,000.
was
acquired,
and
purchase-money
1901, to
June
30, 1902, Inclusive.
$3,383,682 04
$657,000.
of
1,
Debit.
Debit balance, November 30th, 1901
$1,257,224 26
Debit balance of income account, seven
months ended June 30th, 1902
2,120,714 65
Open book accounts of previous years.no w
considered uncollectible, and sundry adjustments
5,743*13
....
1st, 1903.
Payments were made on account
being owned by your
and "Mauch Chunk" and
the aggregate amount of
24,000
Total capacity
now
Company.
The Lehigh Valley Transportation Company of New Jersey
issued a mortgage dated August 5th, 1901, covering a part
Capacity.
Tons.
Mauch Chunk"
i tug
;
entire capital stock, 3,000 shares,
:
Name.
"Wilkes Barre"
were issued in partial payment
Purchase-money bonds of the Seneca Coal Company and
the Connell Coal Company, amounting to $315, 0j0, which
matured during the year, were paid.
On January 27th, 1902, 1,041 shares of the capital stock of
the Mineral Spring Coal Company were purchased
the
cost of
of the following lake steamers
$270,000
therefor.
Since November 30th, 1901, payment has been made for
the following new equipment: tfarges " Dallas," " Drif ton,"
" Elmira," "Erin," and derrick barge "Victor," the total
The
to
LXXV.
[Vol.
A
Coal
Company
11,535 00
..
Debit balance June 30th, 1902, as per balance sheet.. $3,372,147 04
bonds
LEHIGH VALLEY RAILROtD COMPANY.
CONDENSED BALANCE SHEET JUNE
30, 1902,
AND COMPARISON WITH NOVEMBER
30, 1901.
Changes.
Assets June 30, 1902.
Dr.
Increase.
Decrease.
Railroad.
$18, 639,291 95
19,018,419 93
Cosr of road
Equipment
Equipment Trusts.
Equipment Tust, Series " C".
".
Equipment Trust, Series " D "
Equipment Trust, Series " E
Equipment Trust, Series " F ".
$1,400,000
2,400,000
574,000
560,000
00
00
00
00
$200,000 00
300,000 00
82,000 00
$560,000 00
4,934,000 00
1,221,856 4«
650,128 37
Real Estate
Mortgages Receivable
Securities Owned.
Stocks of railroad and water lines included in Lehigh Valley system.
Stocks of allied coal companies
Stocks of other companies
Bonds of railroad and water lines included in Lehigh Valley system..
Bonds of The Lehigh Valley Coal Company
Bonds of other coal companies
.,
Bonds of other companies..
Car Trust certificates, Lehigh Valley Terminal Railway
$18,066 366 34
2,802 2-1 29
6,709 ,4r>:; oo
3,398 ,926 00
6,400 ,000 00
944 183 17
79 000 00
900 ,000 00
3.350 00
:>,168
47
194,000 00
304,300 00
'
844 ,4 i
3*
50
39,300,209 80
Other Permanent Investments.
Advances
to railroad
for property.
and water lines inoluded
in
Lehigh Valley system
6,533,74? 4
82,101 74
1
Advanced Insurance Premiums
Current Assets.
Cash in hands of Treasurer
Cash in hands of officers and agents
Dae by station agents
;
Due by individuals and companies
due by other companies
Traffic balances
Advances to The Lehigh Valley Coal Company for working capital
Advances to other controlled coal companies
Advances to other companies
Material and Supplies on Hand.
*Vtt*ttTOTAL
ASSETS.
Profit and Loss to Balance.
Total.
$2,643,378
137,244
1,178,914
697,642
280,372
1
13.41192
82,10174
240,749 76
12
02
91
37
74
117 24
320,109 40
8 :>.*13 28
364,136 22
1,500.000 00
7!»,248 52
3,899 57
287,438 93
355,007 64
5,585,998 73
1,967,607 05
650,102 30
$97,933, 3,->(i 52
3,372,147 01
$2,114,922 78
$101,305,503 56
*2.751,g90 48
$636,967 70
—
October
:
THE CHRONICLE.
25, 1902.]
913
LEHIGH VALLEY RAILROAD COIWPANY.— CONDENSED BALANCE SHEET— (Concluded.)
Changes.
Liabilities June 30, 1902.
Increase.
CR.
$40,441,100 00
Capital Stock
41,900,0r.0 00
Funded Debt
Equipmknt Trust Obligations
NVTIONAL STORAGE COMPANY TRUST CERTIFICATES.
Coal Property Purchase Bonds
depre clation of equipment—
Equipment renewal reserve
Dep eoiation of marine equipment
mortgages on real estate
Interest and Rentals Accrued, Not Due—
5,559 000 00
5,000,000 00
1,170,000 00
$97,000 00
"45,060 00
$79,695 07
$555,737 48
111,299 20
'383,213 38
667,036 68
211,993 89
$328,375
70,075
403,715
164,166
50,000
9,700
Interest on funded debt
Interest on equipment trusts
Accrued rentals, leased lines
Accrued principal, equipment trusts
Interest on trust certificates
Interest on coal property purchase bonds
Current
Decrease.
00
00
78
66
00
00
2,527 01
544,791
17,806
150,454
229,166
16,666 68
66
66
63
68
"9,16006
1,026,032 44
Liabilities.
Sterling:
bond matured, not presented
$1,000 00
46,919 00
346,500 00
,
Interest on bonds due and unclaimed.....
Rentals of leased lines due
Interest on The Lehigh Valley Coal Company bonds due.
June pay roll, since paid
Audited vouchers, including June bills, since paid
Due to individuals and companies
Traffic balancesdue to other companies
Unclaimed wages
Lehigh & New York Railroad Company,
State Taxes accrued
Employes' pension fund
287,^-50
797 75
294,000 00
47,975 00
00
To7,694 17
715,312 38
1,89*. 334 79
1,013,990 45
149,480 14
9,072 11
22,800 21
376,606 27
45,449 79
,
,
lessors
*i23,378
3*4,724
66,231
1,651
69
29
59
48
30,807
20
4,952 98
4,911,315 14
Deferred
Liabilities.
Lehigh Valley Terminal Railway Company.
Sundry accounts
7,884 34
$69,025 41
350,000 00
,
419,025 41
Total
THE LEHIGH VALLEY COAL COMPANY.
For the seven months from December
30th, 1902, the results of operation
Earnings and income, all sources
Expenses and taxes
Snow Shoe and Delano bond
1st, 1901, to
were as follows
:
$267,679 96
42,845 84
interest
$310,525 80
total production of anthracite coal
from the lands
or controlled by the Lehigh Valley Coal Company and
the minor companies in which it and the Lehigh Valley
Railroad Company are interested through the ownership of
stock, was, for the year ended June 30th, 1902, 5,620.87206
tons, as against 5,779, 166*17 tons for the year ended June
30th, 1901, a decrease of 158,294-11 tons. The sources from
which this tonnage was derived are shown below
Tear to June 30th.
.
.
1902.
.-.3,049,755-12
Lehigh Valley Coal Company
Tenants of Lehigh Valley Coal Company..l,250,302-01
Other tenants
1,320,814 13
Total tonnage
5,620,872-06
strike, which has altogether suspended mining operations in the anthracite regions since May 12th, 1902.
The tonnage for the year ended June 30th, 1902, was
transported to market over the Lehigh Valley Railroad System, with the exception of 225,410'12 tons.
The daily capacity of the collieries operated by the Lehigh
Valley Coal Company averaged 19,616 tons for the year just
closed, as compared with 18,117 tons for the previous year.
The cost per ton of coal mined and purchased was $2'0974,
as compared with $1-9287 in the previous year; an increase
and the general
June
$10,807,031 92
11,074,711 88
Deficit
The
owned
$636,967 70
$101,305,503 56
Liabilities.,
1901.
3.323,97702
1,281,543-10
1,173,646-05
5,779,166-17
The decrease in the tonnage for the above period was
occasioned by the disastrous floods of last winter, which
caused a suspension of perations, both with the Railroad
Company and the Coal Company, for an extended period,
(
THE LEHIGH VALLEY COAL
Year Ended June
of $0-1687.
The cost of
mining at the collieries operated by the Lehigh
Valley Coal Company includes, in addition to the regular
mining expenses, all charges to general expense, royalty,
sinking fund, insurance, taxes, depreciation and improvement account.
During the year there was expended at the anthracite
mines $320,456 "95 for colliery improvement work, which
amount, in addition to a depreciation charge of 5 cents per
ton, amounting to $152,487 78, for reduction of the old improvement account, was charged directly to cost of mining.
The Sinking Fund under the terms of the mortgage of
1892 has been increased since November 30tb, 1901, $30,954 85, as shown in the balance sheet in the pamphlet report, and now amounts to $608,170 40.
This additional
amount will be paid, when due, to the Trustees under the
mortgage, for the purchase and cancellation of bonds.
COWIPANY.-INCOME ACCOUNT.
30th, 1902.
Year Ended June 30th,
1901.
,
Increase.
Decrease.
Earnings.—
Coal sales (anthracite)
$19,380,247
104,413
Commissions receivable
125,500
Roj's on coal mined by others from Co.'s lands
178,987
Rents receivable
28,544
Interest receivable, general account
47,650
Dividends and interest from investments
20,34b
Timber sold from Company's lands...
10,385
...
.
68
81
$823,696 17
$20,203,943
98,044
94,619
180,297
30,468
19,690
20,371
10,261
85
80
46
13
72
31
50
83
524 42
76
95
18
85
50
57
542 76
$19,896,620 06
$6,369 01
30,881 30
1,309 18
1,924 54
27,960 54
25 00
123 74
18 34
$761,601 96
$20,658,222 02
Expenses.—
Mining coal and repairs, exclud.
Coal purchased (anthracite).
coll.
improv's
Transportation of coal by rail
Transportation of coal by water
Estimated depreciation of coal storage plants..
Selling and general expenses not chargeable to
cost of mining
State and local taxes not chargeable to cost of
Interest payable, general account
Total operating expenses
Value of coal sold from stock
30
72
66
07
07
$5,940,297
5,925,848
91,107
6,572,590
424,412
212,764 18
48,247 11
$5,723,873
5,927,983
89,261
6,991,648
414,242
196,613
47,360
43
43
65
89
$216,423 87
2,134 71
1,846 01
419,058 82
06~
16
03
10,170 01
16,151 02
887 08
334,253 71
322,491 89
11,761 82
52,798 53
4,963 27
8,905 02
53,730 46
4,330 67
6,895 53
632 60
2,009 49
$19,616,187 64
455,207 84
$19,778,431 20
1,070,257 12
931 93
$162,243 56
615,049 28
20,071,395 48
Deficit
Interest on Snow Shoe bonds
Interest on Delano Land Co. bonds...
Colliery Improvements
$777,292 84
$174,775 42
from operation
20,848,688 32
$190,466 30
$15,690 88
$18,350 00
55,100 00
320,456 95
$362 50
$18,712 50
45,941 66
397,126 04
$9,158 34
76,669 09
393,906 95
461,780 20
$67,873 25
$568,682 37
$652,246 50
$83,564 13
THE CHKONJCLE.
914
("Vol.
LXXV,
GREAT NORTHERN RAILWAY COMPANY.
THIRTEENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
To the Stockholders:
1902.
General.
The President and Directors submit the following report
for the year ended June 30th, 1902:
FINANCIAL.
Capital Stock.
There has been no increase in the authorized share capital
of the Great Northern Railway Company during the year,
and same remains as $125,000,000.
Of the capital authorized there had been Issued to June
30th, 1901 (page 6, last year's report)
$98,711,750 00
There have been issued during the year 12>a shares,
amounting to
1,25000
in completing previous transactions,
140,000 00
1,400 shares, amounting to
nave been transferred to the Great Northern Employes' Investnunt Company, Limited, uuder the
contract referred to on page 7 of Report for the year
ended June 30th, 1900. To June 30th, 1902. the investment Company had subscribed and paid for 4,200
shares (£420,000) under the contract mentioned.
250,000 shares amounting to
25,000,000 00
were issued as of August 1st, 1P01, in accordance
with the President's circular of Marth 18, 1901.
$123,853,000 00
Total outstanding June 30th, 1902
There were held in the Treasury of the Company June
30th, 1902, 5,670 shares of Great Northern stock, not used in
acquiring the outstanding 4,536 shares of Manitoba stock,
and 5,800 shares of Great Northern stock to be issued only to
the Investment Company as subscribed for.
The report last year explained in detail the securities to
During the year the Company has acquired
the $5,000,000 St. Paul Minneapolis & Manitoba Railway
Company's Improvement Bonds referred to last year, and
same are held in the Company's Treasury. The adjustment of the accounts made necessary by this acquisition and
mentioned in last year's Report (page 7) has been made, and
be acquired.
reflected in the Balance Sheet herewith.
Instead of purchasing the capital stock ($5,000,000) of the
Seattle
Northern Railway Company, as originally intended, it was decided to buy the physical property of that
Company, and the same was purchased as of February 1st,
Montana Railroad Company for the
1902, by the Seattle
sum of $1,500,000 cash. To enable the Seattle Montana
Railroad Company to make this purchase, action was taken
by its stockholders to increase its capital stock from $12.500,000 to $14,000,000, the additionall $1,500,000 of stock
is
&
&
&
being bought by the Great Northern Railway Company.
The stocks of the other Companies mentioned on page 6
of last year's Report have not as yet been issued, pending
the completion of the lioes and the closing of the construction accounts, but this Company has advanced the necessary
funds for construction purposes, and is carrying the amounts
as advances to apply on stock subscriptions.
Expenditures were made during the year on the capital
accounts of Proprietary Companies for work completed or
under construction as follows.
Eastern Railway Company of Minnesota
Montana Central Railway Companv
Willmar & Sioux Falls Railway Company
Duluth Watertown & Paciflo Railway Company
Seattle & Montana Railroad Company
Duluth Terminal Railway Company
Park Rapids Leech Lake Railway Company
Minneapolis Union Railway Company
There has been a net increase of $1,292,000 during the year
bonded debt of the St. Paul, Minneapolis & Manitoba Railway Company outstanding in the hands of the
public, as will be seen by reference to table on page 918,
made up as follows
Montana Extension Mortgage Fodb per Cent Bonds
in the
:
issued duringthe year account construction of additional
mileage within the State of Montana, as explained in
previous reports
$2,278,000
Less the following reductions—
Consolidated Mortgage
per cent Bonds redeemed
and canceled by the Trustee through the operation of the
Sinking Fund, as per detail on page 920
$1,012,000
4i«
Less bonds issued—
Additions and Improvements ... $26,000
In exchange for St. Paul, Minneapolis & Manitoba Railway Company's Second Mortgage
bonds, surrendered and canceled
357,000
In exchange for St. Paul Minneapolis & Manitoba Railway Company's Dakota Extension
Mortgage Bonds, surrendered and canoeled.. 49,000
On account of
Total issued
Total
Second Mortgage Six per cent Bonds, canceled
$580,000
as
above
357,000
can-
celed as above
49,000
Total reduction
$936,000
Net increase in 8t Paul Minneapolis
way Company's Bonded Debt
6,040
6,781
10
(Credit)
46
99
00
00
68
73
12
45
$3,882,972 55
As shown on page 918, there was appropriated out of the
net revenue for the year $2,000,000 for the "Fund for Permanent Improvements and Renewals." and there was
charged agaiost that fund $1,820,225 11, the cost of improvements (other than those charged to operation) made during
the year to the property leased from the St. Paul Minneapolis
& Manitoba
Railway Company.
NEW
LINES.
year referred at length to new lines then
under construction or contemplated, of which 268*29 miles
have been completed, as follows:
The Report
Seattle
last
& Northern Ry.—
Anacortes to Rockport, Wash., 54-42 miles, taken over by the Seattle
& Montana RR. Co. Feb. 1st, 1902, as explained above.
Dakota & Great Northern Rt.—
Bottineau toSouris, N. D., 12-72 miles, opened for operation October
7th, 1901; Lakota to beyond Edmore, IS. D., 27-72 miles, opened
for operation July 1, 1902.
These two lines have been leased by the Great Northern
Railway Company.
Montana & Great Northern Ry.—
Jennings to Gateway, Mont, (on the International Boundary)
miles, opened for operation July 10th, 1902.
Crow's Nest Southern Ry.—
Gateway to Morrisey Junction, B. C, 44-26
Morrisey
unction to Morrisey, B.C.,
ation September 15th, 1902.
.1
421
,
50-98
miles, with a spur from
miles, opened for oper-
Washington & Great Northern Rt.—
Marcus to Boundary, Wash., 27-66 miles, and from the International
Boundary to Republic, Wash., 31-92 miles, opened for operation
August 17th, 1902.
Vancouver Victoria & Eastern Ry. <fe Nav. Co.—
From International Boundary line at Rldeau, B C.,to the boundary
line near Carson. B. C, 1440 tulles, opened for operation August
17th. 190 2. A spur from the main line to Grand Forks, B. C, 1*89
miles, is under construction.
These lines have been built in a thoroughly substantial
and permanent manner, and have been equipped with passing tracks, yard tracks, stations, water plants and other
buildings.
The work of changing from narrow to standard the gauge
Canada Railway (now owned by the
of the Great Falls
Montana & Great Northern Railway Company) from Great
Falls to Sweet Grass, Montana, 134-37 miles, is now in progress, and will be completed about December 1st, 1902.
There has been built during the year at Everett, Wash.,
3-35 miles of new main track, forming part of a new connection between the tracks of the St. Paul Minneapolis &
Manitoba Railway Company near Lowell and the tracks of
the Seattle & Montana Railroad Company at Everett
Junction.
During the year the Eastern Railway
sota has purchased the line constructed
Company of Minneby the Swan River
Logging Company, Limited, from Barclay Junction to Virginia, Minnesota, 18-73 miles in length, heretofore operated
under contract with privilege of purchase, as mentioned on
page 13 of the report for year ended June 30, 1900.
Good progress has been made during the year on the two
steamships being built for the Great Northern Steamship
Company at New London, Conn., and it is expected they
will be launched in December.
Mortgage 4"^ per cent
Dakota Extension Mortgage Six per Cent Bonds,
$1,417,587
19,298
9,717
1,603
2,460,5=>2
<te
REVISION OF LINE8.
432,000
in Consolidated
(Credit)
&
Bonded Debt.
Net reduction
bonds
30,
& Manitoba Rail$1,292,000
There has been no change during the year in the bonded
debt of any of the Proprietary Companies.
The amount of Northern Pacific-Great Northern, Joint C
B. & Q. collateral 4 per cent bonds outstanding June 30th,
1902, is the same as reported last year, $215,153,000 Bonds
and $1,400 Scrip. The Chicago Burlington & Quiacy Railway Company has collected tne dividends on the C. B. & Q.
RR. stock deposited as collateral to secure these bonds, and
paid the interest on the bonds, without affecting this Company's Income Account.
References were made on pages 14 and 15 of last year's Report to the revision of lines for the purpose of reducing
grades and curvature.
Of the work there mentioned, there was completed and
opened for operation during tbe year:
Between Huntley Coulee and Great Falls. Mont., 22-62
miles. The work on this line was especially heavy, and
the line has been built in the most substantial and perma-
nent manner.
Between Harrington and Moscow, Wash., 2-89 miles, and
Between Moscow and E wall. Wash., I "49 miles.
The opening of these new lines lias decreased the main
track mileage by 3-66 miles.
Work has been continued during the year on the new
Track is now beline from Belleville to Fairhaven, Wash.
ing laid on the lower end of this line, and the line i» nearly
completed. The length of the new line is about 18*9 miles;
of the old line 20*55 miles. The maximum grades on the
old line were 2 7 per cent going south and 1*9 per cent going
north. On the new line the maximum grade is one-half 01
I
-
OCTOBER
THE
25, 1902,]
one per cent in each direction. The
has been both heavy and expensive.
A new line has been built between
Wash., including " Y", l 55 miles in
miles of old line, securing a much
flHKONKlT/P.
work on the new
915
ADDITIONS AND IMPROVEMENTS.
line
Crossing gates have been put in at Division and Harrison
Everett and Marysville, Streets, N. E. Minneapolis; also at Eighth Street, Moorhead,
length, in place of 1-58 Minn., with electric signals at Sixth, Seventh and Ninth
tetter crossing of the Streets. At Crookston, Minn., a bridge has been built carrySnohomish River, over which a new drawbridge has been ing Eighth Street over our tracks.
This was referred to on page 17 of last year's Report.
The work of enlarging the division terminal at Havre,
built.
A small change of line has been made near Nyack, Mont., Mont., referred to las- year, has been completed, there
having been built a new yard, 23-stall roundhouse with
for a distance of 2.670 feet.
To improve the alignment, work is now in progress on a turn-table and cinder pit, water supply, 20-pocket coaling
new line between Ehnira and Bonner's Ferry, Idaho, about station, sand house, machine shops with engine and boiler
15"45 miles in length.
house and transfer tables, blacksmith and boiler shop, store
house, scrap bins and lumber sheds, oil house, freight depot
LEASE OF THE EASTERN RAILWAY OF MINNESOTA.
and track scales. The new buildings are of brick and modern
To simplify operation and accounting the Great Northern in every respect.
Railway Company leased for a period of ninety-nine years
The division yard at Everett, Wash., has also been comfrom May 1st, 1902, the lines of railway and property of the pleted yard containing 23,100 feet of track, 15-stall brick
Eastern Railway Company of Minnesota. While the Great round-house with turntable and cinder pit, water supply,
Northern Railway Company has always owned the capital 20-pocket coaling station, brick machine shop, carpenter
stock of the Eastern Railway Company, that Company's shop, store house, scrap bins, etc., oil house and sand house.
railways, elevators, etc., prior to May 1st, 1902, had been
The yard at Stony Brook, Minn., on the Eastern Railway,
operated independently.
has been revised, and 6,390 feet of additional track laid, 15
As rental under the lease, the Great Northern Railway pockets added to the coaling station, the water supply imCompany pays the interest as it matures on the Eastern proved and the buildings re-located.
Railway Company's bonds, dividends at the rate of six per
The yards at Butte, Mont., and Rossland, B. C, have been
cent per annum on the capital stock of the Eastern Com- revised and enlarged.
pany and all taxes and assessments upon the property, gross
At Church's Ferry, N. D., the junction point of the Cando
earnings and income of the Eastern Company, or for which Branch, a new "Y" track has been laid, several additional
that Company or its property may be liable, levied, assessed yard tracks put in, buildings re-located and a new roundor falling due during the term of the lease.
house and freight transfer platform 12x240 ft. built.
On account of this lease, the Gross Earnings, Operating
A track about 14,000 ft. long, with several spurs from
Expenses, Taxes, Income from Operation and Miscellaneous same, has been nut in at Blaine, Wash., to reach industries
Income Received of the Eastern Railway Company of Min on the water front.
nesota, as given in table on page 917, are for the ten months
Many passing tracks between Crookston and Cass Lake,
ended April 30th, 1902, only; the Gross Earnings, Operating Minn., have been extended to a length of 4,000 feet. The
Expenses, etc., of the lines leased for the months of May and laying of additional passing tracks 3,000 feet long and the
June, 1902, being included in the figures of the Great North extension of old tracks to that length have been continued
era Railway Company as given in tables on page 918.
during the year, and in addition many house tracks and
tracks for local industries have been laid. The net increase
EQUIPMENT.
in side track mileage during the year, including these
By the purchase of the Seattle & Northern Railway, the tracks and such tracks in new yards mentioned as were
Seattle & Montana Railroad Company acquired the followlaid June 30, 1902, but not including side tracks on new
ing equipment:
lines built or acquired during the year, is as follows:
-
—
1 locomotive, 1 passenger coach,
1 baggage and express car, 4 box cars,
Miles.
and 26 logging trucks.
carefully inspected and appraised, and
taken into equipment account at their appraised value.
The following equipment has been sold or fas en out of
service during the year:
21 llgbt Great Northern locomotives.
1 light locomotive acquired by the Willmar & Sioux Falls Railway
Company in 1900, in purchase of Sioux City & Northern Railroad.
1 sleeping car and 1 poling oar.
The Report for last year stated that of the equipment ordered, 60 locomotives, 62 passenger cars and a,000 freight
cars had not been received and taken into account at the
end of that year.
During the year under review orders were placed for 40
locomotives, 6i passenger cars, 3,300 freight cars and 5
wrecking cars with steam cranes.
Of the total new equipment undelivered at the close of
last year and ordered this year, the following had been received and taken into account at the close of this year:
66 locomotives, as follows:
6 ten-wheel passenger locomotives, 19x26 in. cylinders,
weighing 120,000 pounds on drivers.
10 ten-wheel passenger locomotives, 19x23 In. cylinders,
weighing 134,000 pounds on drivers.
40 consolidation freight locomotives, 20x32 in. cylinders,
narrow tire-bux, weighing 179,000 pounds on drivers.
5 consolidation freight loot motives, 20x32 in. cylinders,
wide tire-box, weighing 180,000 pounds on drivers.
5 compound consolidation freight locomotives, 23 in. and
33x32 in. two cylinders, weighing 180,000 pounds on
10
flat
cars
Same have been
drivers.
4 dining cars, 70 it. long.
50 first-class passenger coaches, 60 ft. 10 in. long.
2 postal cars, 60 ft. 1^ in. long.
6 baggage and express cars, 64 ft. 9 in. long; 5 additional equipment and 1 replacing destroyed car.
1,500 forty-ft. 80,000 pounds capacity box cars; 1,322 additional
equipment and 178 replacing destroyed cars.
300 forty- ft. 80,000 pounds capacity flat cars; 223 additional equipment and 77 replacing destroyed cars.
200 forty-ft. 60,000 pounds capacity refrigerator cars; 195 additional and 5 replacing destroyed cars.
200 twenty-two ft. 100,000 pounds capacity steel ore cars.
1 Lidgerwood Unloader.
All the above equipment is equipped with air brakes and
fe
automatic couplers.
The remaining 34 locomotives, 62 passenger 'cars, 3,100
freight cars and 5 wrecking cars are now being delivered.
There were built at the Company's shops for additional
equipment:
50 four-wheel caboose
15 cinder cars, and
6 supply cars.
Some
transfers
cars,
between classes and changes were made
«
in
There was expended during the year for equipment $3,which amount $2,696,389 07 was charged to
"Equipment Account."
As equipment is destroyed or taken out of service, Operating Expense is charged and "Fund for Replacement of
Equipment " is credited with the cost of reolacing same.
When equipment for replacement is purchased, the cost of
same is charged to the account last mentioned.
"03
Duluth Terminal Railway
Montana Central Railway
Willmar & Sioux Falls Railway
Minneapolis Union Railway
Seattle
3*10
1
10-00
& Northern Railway System
Total
During the year main
08
'01
& Montana Railroad
Spokane Falls
line tracks
1*89
7319
have been re-laid as fol-
lows:
9-378 miles with 80-pound rail, 435*647 miles with 77^pound rail, 2'413 miles with 75-pound rail and 3818 miles
with 60 pound rail.
The longest stretches of track re-laid with 71% pound rails
D., and Eureka, Monwere 234 miles between Williston,
tana; 126 miles between Concord and Columbia Falls, Montana, and 31 miles on the line between Breckenridge, Minn.,
and Larimore, N. D., where work is now in progress on 100
miles additional to complete the re-laying of the main tracks
between these points.
On new tracks built and tracks re-laid tie-plates are being
used as rapidly as they can be secured; the total number of
plates in tracks June 30th, 1902, is approximately 6,500,000.
The permanent lining of the Wickes tunnel, on the Montana Central Railway, referred to last year, has been completed, and the track through the tunnel re-laid with 77^pound rails, the distance being included in the figures above
given.
The work of building new shops at St. Paul is now in prog-
N
the buildings under construction being:
Machine Shop, 600x150 ft., containing 25 pits, 49 ft. long inside; a tin
shop, 46x73 ft.
A building 452 ft. 2 in. x 235 ft., containing blacksmith shop 325x146
flue shop. 76x52
ft.; boiler shop 191 ft. 4 in. x 183 ft. with 10 pits
ft.; truck shop 76 ft. 8 in. x 52 ft. and tank shop 235 ft. x 87 ft. 4 in.
Power House 1
ft. 2 in. x 106 ft 6 in., containing an engine room
52 ft 6 in. x 110 ft. 2 in. and a boiler room 110 ft. 2 in. x 54 ft.
ress,
:
1
Boilers of 1,250 horse-power are to be installed in this boiler room.
Transfer Pit. 625 ft. long, fitted with a 50-ft transfer table.
Store House, 400x100 ft.,~two stories. The East 40 ft. ot the building
contains the store department offices and in the West 50 ft. is
looated the brass foundry.
Iron House, 200x100 ft., with a standard-gauge track through the
centre.
A two-story building, 40x60
and the
office
ft.,
containing the chemical laboratory
of the Shops Superintendent.
All of the buildings are of brick and of the most modern
type.
brick storehouse, 30x90 ft., for materials and supplies,
has been built at Larimore, N. D., and the oil house at
West Superior shops extended 30 ft.
An electric-lighting plant has been installed at West
Superior, Wis., for lighting the dock, warehouse, elevators,
shops, freight house and division office building.
Dock No. 6 at West Superior, Wis., h*s been extended 868
feet, additional tracks put in, 600 feet of coal pockets built,
and slip on east side of i he dock dredged to a depth of 20 feet.
An incline with pontoon and the necessary tracks for a car
ferry to New Westminster have been put in at Liverpool,
B. C.
A
other equipment
137,273 92, of
Line leased from St. Paul Minneapolis & Manitoba Railway Co.. 38-48
18'41
Line leased from Eastern Ry, o. of Minnesota
"19
Line leased from Park Rapids & Leech Lake Ry. Co
:
:
:
:
1
THE CHRONICLE.
916
The brick passenger
station at Spokane, Wash., referred to
last year, has been completed.
On the second and third
floors are located the offices of the officials of the Western
District and the General Offices of the Spokane Falls
&
Northern Railway System.
New depots have been built at the following
Litchfield, Minn,
fcharon. N. D.
Mayer, Minn.
Doran, Minn.
Berwick, N. D.
Elmer, Minn.
Portage, Mont.
Interbay, Wash.
Brookston, Minn.
Perth, N. D.
Kragues, Minn.
Priest River, Idaho
Wooley, Wash.
Buhl, Minn.
Barclay Jet., Minn.
D
Ephrata, Wash.
Grandy, Minn.
Cohasset, Minn.
A
Palermo, N. D. (2)
Kilva, Mont. (2)
Coburg, Mont.
Kremlio, Mont. (2)
Tagus, N. D.
Harlem, Mont. (2)
Burnham, Mont.
Boulder, Mont.
Moscow, Wash. (2)
Burliugton, Wash.
Everett, Wash. (2)
Ferndale, Wash.
Portage, Mont.
and an addition has been
built to the section house at
Grand Rapids, Minn.
Litchfield,
Osakis, Minn.
Graceville, Minn,
Sheffield, S. D.
Hazel,
Yale, S. D.
Lynd, Minn.
Holloway, Minn.
Grover, S. D.
South Shore, S. D.
Cavalier, N. D.
Stanley, N. D.
Clancy, Mont.
Nassau, Minn.
Pisek, N. D.
Des Lacs, N. D.
Browning-, Mont.
Kerkhoven, Minn.
Zimmerman, Minn.
S.
Hannah,
D.
N. D.
Havre. Mont.
Everett, Wash.
Wooley, Wash.
The stockyards
Great
Falls, Mont.,
at
Brandon, Minn,, Monticello, Minn.,
and Galata, Mont., have been enlarged.
Scales have been placed in the stockyards at Danvers,
Minn., and Minot, N. D. Improvements have been made to
other stockyards.
Coaling stations equipped with lifting engines and the
necessary tracks have been built at Minneapolis Junction,
Minn., Smith Lake, Minn., Casselton. N D., and East Spokane, Wash., replacing stations of an old pattern that had
burned. Coaling platforms and sheds have been built at
Cambridge, Minn., Silver, Mont., Northport, Wash., and
Chewelah, Wash.
Permanent improvements in the water supply are being
continued, numerous plants, both additional and replacing
others, having been built, and improvements made on existing plants.
Loading platforms have been built at eighteen stations.
Right-of-way fence has been built during the year as
follows
Milen.
Great Northern Railway
Eastern Railway of Minnesota
Montaua Central Railway
Willmar & Sioux Falls Rail wn v
Duluth Watertown <fcPacifio Railway
Seattle
334*26
'_'•-".
4'84
1
2-10
& Montana Railroad
191
36140
Total
Banks have been widened and raised on 239*02 miles of
track, banks restored to grade on 195 40 miles and track
ballasted with gravel on 461 -48 miles.
large amount of hydraulic work and ditching has been
done along the Coast Line between Everett and Seattle,
A
Wash.
The replacement of bridges and trestles with steel, or filling them so as to make solid embankments, has been
actively followed during the year, the work done being
Length of steel bridges built
:
Feel
Great Northern Railway (on old
Eastern Railway ot Minnesota
Duluth Terminal Railway
lines)
1,094
210
200
Total in replacement
In addition eteel bridges were built on new lines between
Huntley Coulee and Great Falls, Montana
Total length of steel bridges built
1,504
2,018
3,522
Lineal feet of bridges filled
Great Northern Railway
Eastern Railway of Minnesota
Willmar & Sioux Falls Railway
Duluth Watertown & Pacific Railway
:
Seattle
&Montana
6,498
3 6
5,293
213
670
Railroad
Total
,
,
To provide the necessary waterways
filled as
13,010
in place of bridges
above, 12 stone culverts, 24 pipe culverts and 2 box
culverts were put in.
between Edwall and Moscow and Moscow and
Feet.
Wash
Eastern Railway of Minnesota—
of line
1,659
between Brace Junction and Pokegama
2,265
Total
3,924
The following is a close approximation of the quantities
of material moved during the year in changes of line, construction of additional lines at Everett, Wash., reduction of
grades, widening and raising banks, bridge filling and ballasting
Cubic Yds.
In changes of line, construction of additional lines at
Everett, Wash., and reduction of grades
1,463,589
In widening and raising embankments and generally restoring banks
980.685
For filling bridges
460,417
For ballasting (gravel)
1,194,446
:
Total
4,099,137
There were also placed
:
Cubic Td$.
26,168
21,515
57,686
Masonry
Concrete
Riprap
,
105,369
Total
Saunders, Wis.
Stockyards have been built at
Minn.
Avon, Minn.
line
Harrington,
Junction
and one at
A
Stephen, Minn.
An exten-ion has been made to the wool warehouse at
Benton, Montana.
A grain warehouse, 60x160 ft., has been built at Downs,
Wash., and extensions, each 60x160 ft., made to the grain
warehouses at Ed wall, Harrington and Lamona, Wash.
new ice house has been built at Sioux City, Iowa, and
extensions to the ice houses at Willmar, Minn., and Grand
Forks, N. D.
Section houses have been built at the following stations
Hingham, Mont. (2)
Odessa, Wash. (2)
Interbay, Wash.
Changes of
Removal
tion at Fargo, N. D.
freight shed has been built at Lynd, Minn.,
<2)
So much permanent bridge work has been done during
the past few years that the amount to be done each year is
rapidly decreasing.
The wooden bridging on the line was still further reduced
during the year by the removal or re-location of lines as
Great Northern Railway—
Colgate. N. D.
University, N D.
Berthold, N. D.
Depots at sixteen other stations have been enlarged.
A brick freight house, 50x300 ft., has been built at Great
Falls, Montana, and one, 40x300 ft., is now under construc-
Swan River, Minn.
Tioga, N. D.
Malta, Mont. (2)
LXXV.
follows:
stations:
Knox, N.
[Vol.
Following the plan of previous years, only such amounts
as .represented cost of actual additions to the property have
been charged to '"Additions and Improvements," and the
entire amount charged to that account during the year on
account of the line leased from the St. Paul Minneapolis
Manitoba Railway Company, or $1,820,225 11, has been
transferred to "Fund for Permanent Improvements and
Renewals," so that the Great Northern Railway Company is
not carrying on its books, as an asset, the cost of any additions or improvements to the line leased from the Manitoba
&
Company.
All replacements, renewals, etc., have been charged to
Operating Expenses. The amount included in "Maintenance
of Road and Structures" this year, for extraordinary improvements, etc., is $1,663,812.
The efficiency of the railway as a means of transportation
is improving every year.
Attention is called to the increase in the train-load of
revenue freight and the resulting income per train mile.
VOLUME OF TRAFFIC AND RATES.
The tonnage of revenue freight hauled during the year increased 3,311,552 tons, or 33*363 per cent; freight earnings
increased $5,785,363 28, or 21*108 per cent. The number of
bushels of wheat hauled East increased 26,987,682 bushels,
equal to 809,630 tons. Including this increase, however,
tin re were 4.587,599 less bushels of wheat hauled this year
than during the year ended June3Ulh, 1900, and the earnings
from East bound wheat traffic this year were $542,685 26 less
than during that period.
There was an increase of 1,458,179 gross tons in the amount
of iron ore hauled on the Eastern Division.
The increase in freight traffic aside from wheat and iron
ore amounted to 1,070,762 tons and in the earnings to $2.587,894 50. This increase was in general business and over
the entire System, except on the Montana Central Railway,
where there was a falling off in the volume of freight traffic
and earnings on account of the practical suspension of the
mining and manufacturing of copper in Montana for nearly
four months. On account of the rapid settlement and development of the country through which the system runs,
there has been a large increase in shipments of merchandise
and supplies required by the smaller towns. This is shown
by the fact that while the tonnage hauled increased 33*363
per cent as above given, the ton mileage increased but 28*547
per cent. Or, the average distance each ton was hauled last
year was 250 miles, while this year it was 241 miles. This is
still further reflected in the comp natively small reduction in
revenue per ton per mile of 12 cents, or :i?77
tbe
pi r cent, eiual on the ton mileage hiuled this year to about
$-83,000. That is, there has been a greater increase in the
volume of the higher-class freight than in the lower classes.
Effective January 25th, 1908, the rates on all olasses of
merchandise between stations in Minnesota, North Dakota
and South Dakota were reduced an average of about
fifteen per cent.
It is the policy of the Company to reduce freight rates as
rapidly as the volume of traffic and earnings will justify,
and to this end the rates on grain, grain product-, potatoes,
onions and hay, from stations in the State of Washington to
Puget Sound, were reduced during August, 1903, an average
of ton per cent. Effective Augusl 88th, 1902, the rates Xm
grain and grain products from stations in Minnesota. North
Dakota and South Dakota to Eastern terminals were reduced an average of about ten per cent.
-
'
1
:
October
:
.
THE CHRONICLE.
35, 1902.]
917
same information for the Spokane"
Northern Railway System. The Revenue and Income Accounts of the Great Northern Railway Company
While the ton mileage of revenue freight increased 28*547
per cent, the mileage of loaded freight cars increased but
21 -2035 per cent and the mileage of freight-hauling trains
but 17-3725 per cent, resulting in an increase of 36301 tons
(9-5205 per cent) in the average number of revenue tons per
freight train mile, making the average train-load of revenue
as a separate item the
Falls
&
follow.
The balance sheet, like the one published last year, presents a complete statement of the property, capitalisation
and finances of what is known as the Great Northern Railway Line. The finances, etc., of the Spokane Falls Northern System and the Northern Steamship Company are not
included, those properties being operated and their finances
kept separate and distinct from those of the balance of the
freight 417*595 tons.
&
The earnings of passenger trains increased $1,869,091 08,
or 29-5468 per cent, of which §1,752,840 51 came from pas
senger fares, $29,272 65 from sleeping cars, $8,220 73 from
transportation of mails. $63,183 61 from transportation of
express and the balance from miscellaneous sources.
Although there has been no increase in passenger rates
during the year, the average revenue per passenger per mile
has increased -037 cents, or 1-6157 per cent, caused by the
natural increase in local travel due to the settlement of the
country and to the prosperous condition of the people.
The large movement of people to the Northwest during
the last few years, which still continues without abatement,
has resulted in the settlement of a vast area of vacant lands
adjacent to the Company's line. During this period more
than 5,000,000 acres of Government land in the northern
part of North Dakota has been taken under ihe Homestead
Act. It is also satisfactory to note that many of the large
farms in this State are being cut up into smaller ones. The
immigration into the Western and Pacific States during the
past year has continued, and in numbers has exceeded that
of any previous year.
The Government having undertaken tbe reclamation of
the semi-arid lands by means of irrigation, a speedy settlement of the same will follow. The farmers from the older
States stand ready at the present time to buy all the lands
the Government will irrigate at prices that will pay a profit
on the cost of the work.
The opening of the new lines hereinbefore referred to,
the excellent crop that has just been harvested, and the
prosperous condition generaby of the territory served by the
Company, all indicate that the business of the Company for
the year ending June 30th, 1903, will show a large increase
over the year just ended.
The Board respectfully call attention of the shareholders
to the Report of the Comptroller, with the customary balance sheet and statistical tables, and to the Report of the
system.
G. Drew,
J.
Comptroller.
GROSS EARNINGS, OPERATING EXPENSES, TAXES AND NET
EARNINGS OP THE RAILWAY SYSTEM, AND PER
MILE OF ROAD OPERATED
Foe the Fiscal Year Ended June 80th, 1902, Compared with the
Previous Fiscal Year.
NOT include the Spokane
NOTE.— These
figures do
Falls
<&
Northern
Rail vr ay System.
GROSS EARNINGS.
Per cent
1902.
760680 $27,409,0^7 23
6,662,173 25
799,365 59
372,553 21
18-4895
2-2185
10339
21901
95 76-2721
74 17-3164
86 2-7906
60 1-0912
60 2-5297
$21,623,653
4,909,332
791,144
309,369
717,188
Mall
Miscellaneous
789,146 78
Per cent
1901.
Class.
$36,032,256 06
$28,350,689 75
OPERATING EXPENSES.
Per cent
1902.
501172 $3,915,425 12
...Conduct's TraDsp..
2,726,282 76 ..Malnt. of Equipm't..
(
Maint. of Road >
4,702,479 41
15-3255
26-4315
8-1228
and Structures. J
{
1,444,976 95 ....Gen'l Expenses....
$17,789,164 24
Per cent
1901.
Class.
$7,751,339 13 489246
2,354,311 46 14-8599
4,402,157 25 27-7854
1,335,613 22 8-4301
$15,843,421 06
Total
Land Commissioner.
JAMES
J.
SUMMARY OF EARNINGS AND EXPENSES.
HILL,
President.
1901.
1902.
$36,032,256 06
17,789,164 24
Gross Earnings
.Operating Expenses
$28,350,689 75
15,843,421 06
J. Hill, President
$18,243,091 82
1,239,693 97
.Net Earnings.
Taxes
$12,507,268 69
969,642 31
— Herewith I beg
$17,003,397 85
.Income from Operation.
$11,537,626 38
COMPTROLLER'S REPORT.
Mr. James
Dear
Sir
to submit statements showing
Great Northern Railway Comproprietary companies for the fiscal year ended
results of operation of the
pany and its
June 30th. 1902.
Operating Expenses, p.
Earnings.
49-37
These statements are made in the same form and on the
same basis as those submitted with last year's report. The
firsr two statements following show the Earnings, Operating Expenses, Taxes, etc., of the Railway System, exclusive
of the Spokane Fal s & Northern Railway System, which is
operated separately. The next statement shows the division
of these amounts between the several railways, and includes
c.
of Gross
55-88
Operating Expenses and Taxes,
of Gross Earnings
52-81
p. o.
59-30
$5,449 64
3,045 46
£6,864 11 Gross Traffic Earns, per mile of Road..
3,388 8i Operating Expenses per mile of Road.
...Net Earnings per mile of Road.
$3,475 29
5,249-37
.At. Miles of
$2,404 18
Road under Operation..
5,202-31
STATEMENT SHOWING THE REVENUES FOR THE YEAR ENDED JUNE 30TII. 1902. OF THE GREAT NORTHERN
RAILWAY COMPANY AND ALL PROPRIETARY COMPANIESQrOSS
Earnings.
Operating
$28,397,134 90
$14,143,761 74
Companies.
Great Northern Railway
Income from
$984,375 37
Misce ilftneous
Operation.
Taxes.
Expenses.
Income Received.
$13,268,997 79
$1,460,458 43
Total.
$14,729,456 22
Railways—
Eastern Ry. of Minnesota!
4.238,929 41
Willmar & Sioux Falls Ry
Duluth Watertown <& Pacific Ry
1,787.05163
1,520,292 78
88,847 34
Total Railway System Proper
1,645,632
1,105,435
858,035
36,298
02
84
87
77
139,209
47,568
61.874
6,666
41
67
09
43
$17,789,164 24
$1,239,693 97
88
29
69
52
80
30,443 31
1,053 71
1,555 22
$19,601,57142
$36,032,256 06
2.454,087
634,047
600,382
45,882
$1,272,746 21
457,444
62.26S
21,279
172
98
12
82
14
98
41
68
00
$17,003,397 85
$2,001,623 50
85
75
89
00
53
9,336 61
9,706 63
149 21
10,934 30
$17,984,195 87
$2,031,750 26
2,911,532
696,315
621,662
46,054
96
53
50
14
$19,005,021 35
Other Companies—
Bpokane Falls & Northern Ry. System...
Minneapolis Union Rv
1,165,197 04
225.997 75
65,089 SO
Northern Steamship Co.*
1,333,740 33
582,298
53,105
35,114
22,732
1,119,155
36,'232 52
$38,858,513 50
J
For ten
(10)
months ended April 30th, 1902
*
For year ended December
552,414
171,838
28,419
13,500
214,584
661,791
181.545
28,569
13,500
225,518
47
38
10
00
83
$20,015,946 13
31st, 1901.
Explanatory Note.
Dividends.— Out of the net income of the Companies named, the following dividends have been declared
Eastern Railway Company of Minnesota
Willmar & Sioux Falls Railway Company
Spokane Falls & Northern Railway System
Columbia & Red Mountain Railway Co
Red Mountain Railway Co
Minneapolis Union Railway Company
II"
$800,000 00
350 000 00
:
Northern Steamship Company
„*
.
13.220
9,5*0
25,000
150,000
00
00
00
00
Total
$1,347,750 00
not included in the "Miscellaneous Income" of the Great Northern Railway as given in the above table, but
to the "Miscellaneous Income" in the Income Account on next page.
which amount
is
Duluth Terminal Ry. Co.—This Company is the owner of
is
added
the railway used by the Great Northern Railway to secure eutrauoe into Dulut
and bonds are all owned by the Eastern Railway Co. of Minnesota. Under the franchise
of the Duluth Terminal Railway Co. ita earnings derived from trackage are limited to six per oent on its stock and bonds; the interest
and dividends paid, amounting to $13,500, are not inoluded in the "Miscellaneous Income" above shown.
and
of extensive yards in
D
iluth.
Its stock
>
THE CHRONICLE.
918
REVENUE ACCOUNT GREAT NORTHERN RAILWAY
CO.
Earnings from Operation of the Lines Leased by the Great
Northern Railway Company and Line of the
Seattle & Montana Railroad Co.
Year Ended June 30th, 1902.
Earnings—
.$21,002.636 68
5,690,996 13
Freight
Passenger
Mail
Express
Miscellaneous
„
324.^11 69
670,999 76
Operating Expenses—
Conducting Transportation
Maintenance of Equipment
Maintenance of Road and Structures
General Expenses
.
$7,069,91171
2,169,783(7
3, "92,051 97
1,112,014 99
.
Income from Operation
From which have been paid:
Rentals—
To St. P. M. & M Ry. Co.:
Gu rant*ed Interest on St.
Co.'s
$7,860,000
5,625,000
13,344,000
20,756,000
7,907,000
14,545,454
M. & M. RY.—
2dMtg., 6 p. c
00
00
00
00
00
54
$13,268,997 79
p.c.
6,000,000 00
4,000,000 eo
360,000 00
200,000 00
3,646,000 00
182,300 00
2,150,000 00
650,000 00
129.000 00
32,500 00
500,000 00
25,000 00
Minneap. West. Ry.—
500,000 00 1st Mtg., 5 p.c
Bonds on
Railway Property
Total
$96,683,454 54
unexchanged
232,^00 00
165,049 03
$97,138,054 54
$5,075,309 66
$97,975,454 54 $4,835,214 01
1
)
$27,236 00
)
$98,429,054 54 $4,862,450 01
Gt. Northern Ry. Co..
123.853.000 00 $8,22?,P20
outstanding
—
Bonds on Railway Property outstanding as above
Outstanding Capital Stock of Great Northern and
P. M. & M. Ry. companies
,332,764 00
f
$97,975,454 54
St.
124,306,600 00
$3,742,545 66
$222,262,054 54
Total Capitalization of System
Amount transferred
to Fund for Permanent Improvements and Re-
newals
2,000,00000
Total
5,742,545 66
Mileage of Traok in System, including second, third,
fourth, fifth and sixth tracks, covered by above capitalization, as shown on page 920
Stocks and Bonds per mile of Main Track
Mileage of Main Tracks covered by bonds in hand* of
$7,526,452 13
4,73410
Bonded Debt Outstanding per mile
INCOME ACCOUNT GREAT NORTHERN RAILWAY COMPANY.
30th, 1902.
Balance transferred from Revenue Account
$7,526,452 13
Other Income—
of
Main Traok
$20,695 69
oovered thereby
•Not including £3,000,000 St P. M.
Year Ended June
5.926-84
$37,504 31
public
Balance transferred to Income
Account
&M. Ry. Co.'s
Extension
Treasury of Great Northern Railway Company.
t Difference between amount of rental accrued under lease and dividends received or acorued on 8t. P. M. <fe M. Ry. Stock owned by
Great Northern Rail waj Company.
In addition to the bonds above listed, the Great Northern and Northern Pacific Railway companies have issued their Joint c. B.
Q Collate
eral 4 per cent Bonds and Scrip to the amount of $215.154.400 00,
secured bv the deposit with the Standard Trust Company of New
York, as Trustee, of 1,075,772 shares of the Capital Stock of the
Chicago Burlington & Quincy Railroad Company.
Bonds
Pacific
in
«fc
Owned
Stocks Owned
Interest on Bonds
„.
Dividends on
Rentals of Leased Lines
Bills Receivable ( Land Notes'
Rental of Equipment and Car Service.
Profit on Securities sold during year..
Income from Other Sources— ground
rents, miscellaneous items, etc
$380,635 00
1,419,960 32
176.484 89
2,059 34
180,273 19
363,177 45
293,868 24
2,816,458 43
Total Income
$10,342,910 56
From which have been paid Dividends
as follows:
1%% on $98,716,600...
1901, 1%% on $123,730,100.
1902. 1%% on $123,788,000...
1902, 1%% on $123,817,900...
1901,
.
$1,727,540 50
2,165,276 75
2,166,290 00
2,166,813 l'5
Balance transferred to Profit and Loss
EQUIPMENT OF GREAT NORTHERN RAILWAY COMPANY AND
PROPRIETARY LINES.
For Year Ended June 30th, 1902, as Compared with Year Ended
June 30th, 1901.
1902.
1901.
Class608
Sleeping Cars
Parlor Cars
Dining Cars
Buffet
5
16
Smokers
Coaches
19
31500 Freight Equipment—
BoxCars
120 00
Combination Box and Stook
5,250 00
32,500 00
1,05000
12,50000
50,000 00
154,800 00
77,580 00
17,460 00
13,020 00
15,560 00
Transfer Freight Cars
Furniture Cars
Hay Cars
Refrigerator Cars
Stock Cars
Flat and Coal Cars
Band Cars
OreCars (Wood)
Ore Cars (Steel)
Ballast Cars
CabooseCars
$150,000 00
3,060 32
Cinder Cars
Boarding Cars
Derrick and Tool Cars
Steam Shovels
Lidgerwood Unloaders
Ditching Cars
Pile Drivers
Northern Steamship Co. Stook
Great Nori hern Ry. o. Stock
St. Paul Union Depot Co. Stock
Minneapolis Union Ry. Co. Stook
Duluth Terminal Ry. Co. Stock
Park Rapids & Leech Lake Ry.Co. Stock
Eastern Ry. Co. of Minnesota Stock
Willm ar & 8ioux Falls Ry. Co. Stock
(
Red Mouii tain Ry. Co. Stock
Columbia in Red Mountain Ry. Co. Stock
Butte Auaconda & Paclno Ry. Co. Stock
1,75<>00
25,000 00
3,000 00
...
35,000 00
800,000 00
350,000 00
9,530 CO
13,220 00
29,100 00
1,152
404
627
6
209
627
3,544
3,312
600
1,101
M>0
764
—
600
l.ioi
1,101
600
764
340
53
39')
68
52
47
19
13
51
47
19
19
1
1
Id
6
t
10
6
15
16
1
Flangers
Logging Trucks
Other Work Equipment
Total Freight and
$1,419,960 32
750
50
1,152
6
Rt a ry Snow Plows
Snow Dozers
>
14,582
745
50
—
$380,635 00
Dividends on Stocks Owned
425
5.915
15,915
Cars.
163
24
35
110
18
486
Total Passenger Equipment.
8
214
24
36
116
...
Passenger and Baggage
Baggage, Mail and Express...
Business Cars
$240 00
120 00
120 00
12
8
Tourist Cars
DETAILS OF OTHER INCOME.
Total
50
5
Passenger Equipment—
$2,116,990 06
Interest on Bonds Owned—
Town of Wadena Bonds
Town of Sandness Bonds
Town of Leaf River Bonds
Town of Hutchinson Bonds
Town of Minnesota Falls Bonds
Duluth Terminal Ry. Co. Bonds
Montana Central Ry. Co. Bonds
Wlllmar & Sioux Falls Ry. Co. Bonds
Park Rapids & Leech Lake Ry. Co. Bonds
Butte Anaconda & Pacific Ry. Co. Bonds
Spokane Falls & Northern Ry. Co. Bonds
Nelson & Fort Sheppard Ry. Co. Bonds
Columbia <& Red Mountain Ry. Co. Bonds
Red Mountain Ry. Co Bonds
St. P. M. & M. Ry Co.'s Montana Ext. Bonds
5(13
48
Locomotives
8,225,920 50
Total
tNet
$453,600 00
Total.
$98,711,750 00
Net
Impro vem ents—
1,
$235,000 00
200,000 00
Stock.
Great Northern Ry. Co. as dividends
paid or accrued on Stocks of the St P.
M. & M. Ry. Co. and Eastern Ry. Co.
of Minnesota owned by it
1,
4,700.000 00
5,000,000 00
2,150,000 00 IstMtg., 6 p. c
650,000 00 1st Mtg., 5 p.c
St.P.M.&M.Ry.—
From which deduct amount received bv
May
54
$3,471,414 01
East. Ry. of Minn.—
4,700,000 00 1st Div. , 1st Mrg, ft p c
5,000,000 00 No. Di p., 1st Mtg, 4 p c
Montana Cent. Ry.—
6,000,000 00 1st Mtsr., 6p c
4,000,000 00 1st Mtg., 5 p.c
$454,600 00 Op. c, guaranteed
Total Rentals
Feb.
369,433 33
581,818 18
Minnkap. Union Ry.—
Ry. Co. of Minnesota, paid or accrued
Other Rentals
:
1,
50
919,8t>7
00!
00!
Will. &S. Falls Ry.—
Guaranteed Interest on Bonds and
GuaranteedDividends of 6per cent
on the Capital Stock of Eastern
1,
$463,77 5 00
335,880 00
800.640 00
shown above
3,646,000 00 1st Mtg., 5 p. c
M. &
Bonds, Paid and AcP.
crued
$3,471,41401
(For details see next column.)
Guaranteed Dividends of 6 per cent
on Capital Stook of St. P. M. & M.
Ry. Co.
1,200,00000
Maintenance "f Organization of St.
P.M. <feM. Ry. Co
6,346 62
To Eastern Ry. Co. of Minnesota:
Aug.
Nov.
An' I Charges
Paid 1901-02.
00
00
00
$7,503,000
5,^76,000
Con. Mtg., « p. o
13,344,000
Con. Mtg., 4*3 p. c
20,176,000
Montana Ex., 4 p. c. 10,185,000
Pacific Ex., 4 p. c
-14,545,454
Dakota Exten.. 6
Total
$14,143,761 74
984,375 37 15,128,137 11
Total Operating Expenses
Taxes.
Outstanding
July 1, 1902.
Bonds.
ST. P.
$28,397,134 90
Gross Earnings
M. Ry.
STATEMENT OF BONDS AND STOCK OUTSTANDING IN THE
HANDS OF THE PUBLIC FOR WHICH THE GREAT
NORTHERN RAILWAY COMPANY 18
RESPONSIBLE DIRECTLY OR
UNDER GUARANTY.
Outstanding
July 1, 190t.
70«*,290 64
LXXV.
[Vol.
Work Equipment
,
I
126
86
100
sa
26.545
24.493
.
.
October
25
THE CHRONICLE
1902.1
919
CONDENSED GENERAL BALANCE SHEET JUNE
St.
DR
30TH, 1902.
being a consolidation of the general balance sheets of that date of the
Paul Minneapolis & Manitoba Ry. Co., Great Nobthebn Rt. Co., Eastern Ry. Co. of Minnesota, Montana Central Ry. Co.'
Willmar & Sioux Falls Ry. Co., Duluth Watertown & Pacific Ry. Co., Seattle & Montana RR. Co., Park Rapids & Leech
Lake Ry. Co., Minneapolis Union Ry. Co., Minneapolis Western Ry. Co. and duluth Terminal Ry. Co.
qR
Capital Stock—
By Authorized Capital Stock
Railway Property.
To Cost of Railway, Equipment and
Lands owned by the St. Paul Min$122,449,763 03
neapolis & Manitoba Ry. Co
Costof Additions and Improvements
made by the Great Northern Ry.
Co. to Property leased from the St.
P. M. <fe M. Ry. Co. and paid for
from "Fund for Permanent Improvements and Renewals"
.
4,41 3,546 17
St.
.
Cost of the Dnluth Terminal Ry
the BondsaodentireCapital Stock
of which are owned by tne Eastern
Ry. Co of Minnesota
$73,723,446 79
396,006 56
74,119,453 35
$200,982,762
55
Other Properties. Securities
and invkstments.
Cost of Stock of the Lake Superior
Ter. & Tr. Ry. Co. owned by the
Eastern Rv. Co. of Minnesota
Cost of Stock of Sioux C. <te West.Ry.
lis
Paul MinneapoRy. Co.. $20,000,000 00
& Man.
Less
owned by
the
Great Northern Ry.
19,546,400 00
Co. (see contra)
453,600 00
Outstanding
Total Capital Stock Outstanding
:.
in hands of public
$124,306,600 00
in Hands of Public.
Paul Minneapolis & Manitoba
Ry. Oo.'s Bonds, the Principal and
Interest of which are guaranteed
by the Great Northern Ry. Co
$71,329,454 54
Bonds of Proprietary Oompanies,
Principal and Interest guaranteed
by Great Northern Ry. Co
26,646,000 00
Funded Debt
81.
Total (for details see table on
preceding page)
$97,975,454 54
N. P.-U.N. Joint C.B.
,
Total Cost of Property operated by
"The Gi eat Northern Ry. Line"
.
Capital Stock of Great Northern Ry.
$123,853,000 00
Co. Issued and Outstanding
Capital Stock of the
Total Costto June 30,1902, of Prop'y
leased from St. P. M. & M. Ry. Co.
$126,863,309 20
Cost of the following Properties
the Great Northern
controlled by
Ry. Co. through ownership of
their entire Share Capital:
Eastern Ry. of Minnesota— Railway,
Equipment. Elevators, etc
$26,795,472 35
Moutana Cent. Ry.— Ry. and Equip.. 15,325,700 02
Willmar* Sioux Falls Ry.— Rail* ay,
Equipment and Real Estate
9,026,652 61
Duluth Watertown & Pacific Ry ...
2,211,201 02
8eattle & Mont. RR
15.444,370 40
Ry. & Equip.
Park Rap. &Leech L. Ry.— Ry. & Eq.
1,021,841 31
Minneapolis Union Rv.— Union Depot. Railway, etc
3,154,711 82
Minneap. West.Ry.-Ry. and Equip.
743,497 26
—
of the
Great Northern Ry. Co. issuable
$125,000,000 00
June 30th, 1902
Less Amount held in the Treasury of
1,147,000 00
Company as explained on p. 914
&Q.
Collat 4 p.
o.
Bonds and Scrip.. $215,154,400 00
Less Northern Pac.
Ry. Co.'s Propor'n. 107,577,200 00 107,577,200 00
205,^52,654 54
Total
Car Trust Obligations.
Car Trust Notes assumed by Eastern
Ry. Co. of Minn, upon purchase of
Duluth Superior & Western Ry.
Due in Feb. and Aug. of each year
until Feb. 1st, 1906
$15,700 00
Co. owned by the W. & S. F Ry Co.
2,500,000 00
Wisconsin Central Ry. Co.'s Minneapolis Terminal Bonds owned by
the Minneapolis Union Ky. Co. ..
247,500 00
Cost of Properties and Securities
owned by the Gt. Northern Ry. Co. 122,651,873 57
117,494 96
$329,976,749 50
Total Capital Liabilities
& M. Ry. Co.'s Bonds
Redeemed Through Operation of Sinking Funds
First Mortgage Land Grant Bonds..
Consolidated Mortgage Bonds
St. P.
Total
$125,415,073 57
Less Par Value of the following Securities ownedby the OreatNorthern Ry. Co. and not shown contra:
The Entire apital Stock of the
East Rv. Co. of Mn.fl 6.000.000 00
Mont. Cen. Ry. Co. 5,000,000 00
Willmar & Sioux
Falls Ry. Co
7,000,000 00
M.
$5,928,400 00
3,401,000 00
9,329,400 00
t
Current
(£•
Duluth Watertown
&
Pacific Ry. Co..
730,000 00
14,000,000 00
Seat &Mont.Ry.Co
Rapids
&
Leech Lake Rv.Co
Minn. Union Ry, Co.
Minn. West. Ry. Co.
Liabilities.
Of Land Department St Paul Minneapolis
Manitoba Ry Go.
Audited Vouchers Unpaid
Unpaid Pay Rolls
Due to Other Co.'s and Individuals.
$4,790 84
1,3-8 30
3,908 33
Park
And the
entire issue
Pacitio Ry. Co.
1,375,000 00
Park Rapids &
Leech L' e Ry Co
jj
500,000 00
.
Total
$45,855,000 00
195.464 Shares of
Capital Scock of the
SCkM. & M. Ry Co. 19,546,400 00
5,000,000 00
Deferred
Bond
Interest Accrued, not due
Rental of St. P. M. & M. Ry. and
Eastern Ry. of Minn. Accr'd, not
due. less Accr'd Divid'ds on Stocks
of those Companies owned by Gt.
109,078,509 76
Of Great Northern Ry.
Oo.
Bills Receivable
Due from Other Co.'s
and rndivld'ls.
„
Value of Material and Fuel on hand.
,
$37,923 36
3,247 05
41 170 41
and Pro-
prietary Oo.'s above named.
Cash in St. Paul Office
Cash in New York Office
Cash in Lonlon Office
Due from Agents
Due from U.S. Post Office Departm't
Due from U. S. Transportation
Due from Canadian P. O. Departm't.
Advanoed Charges
$642,120 34
53,191 66
279,291 00
Cost of Additions and Improvements
made by the Great Northern Ry.
Co. to Property leaset from the St.
P. M. & M. Ry. Co. and paid for
from "Fund for Permanent Improvements and Renewals"..
.
Unexpended Balance of Fund for
Permanent
Renewals
Improvements
$602,535 88
99
50
03
80
22
74 88
34,239 42
3,067,235 99
1,987,753 65
4,413,546 17
and
.1
Total Amount deducted from
Income to provide for future Improvements and Renewals
Fund for Replacement of Equipm't.
Man\tot>a Ry. Oo.
V£—
30 00
Contingent Liabilities.
40,468,219 02
Current Assets.
Of Land Dtpartment, SI. Paul MinneCash
1,560,625 89
974,603 00
$350,529,491 33
Due from other -a
Co.'s and Individ'ls
$2,145,811 04
1,459,326 92
Northern Ry. Co
84,946,854 55
Total Capital Assets
dk
31,082 94
Liabilities.
Accrued Taxes, not due
Co-t of Properties. See's & Invest'ts
after ded'g Par Value of Stocks &
Bonds not shown contra
Cost of Securities in hands of Trustee of N. P.-G. N. Joint C. B. & Q.
Bonds, as Coltat (1,075,772 Shares
C.B. & Q. RR. Co 's Capital Stock—
Gt. North'n Ry.Co. one-half owner)
apolis
to the Re-
5,165,793 85
£3,000.000 St. P. M.
& M. Ry. Co.'s Paciflo Extens'n Mortgage Bonds
14,545,45155
Entire issue of St. P.
M. & M. Ry. Co.'s
Improvem't Bonds.
Fund Applicable
demption of Bonds
Of Great Northern Ry. Oo. and Proprietary Oo.'s above named.
Audited Vouchers Unpaid
Unpaid Pay Rolls.
Unpaid Coupons, including those due
July 1st, 1902
Unpaid Dividends on St. P. M. & M.
Ry.Co.'sStock
of bonds of the
Duluth Watertown
&
10,087 47
-t
Sinking
500,000 00
500,000 00
250,000 00
Insurance Fund
Surplus Funds of Proprietary Companies deposited with Great Northern Ry. Co
1,214,41109
$5,627,957 26
446,490 77
274,108 50
1,365.963 09
7,714,519 62
3,128,188
2H9.158
1,507,335
201,151
52,285
Profit and Loss.
Balance St. Paul Minneapolis &
Manitoba Railway Co
Great Northern Ry. Co. and abovenamed Proprietary Companies
$1,999,799 07
9,079,302 OS
.
11,079,101 15
10.869,959 41
2,840,716 38
$364,281,337 53
$364,281,337 53
.
,
THE CHRONICLE.
920
TRACK STATEMENT GREAT NORTHERN RAILWAY AND
OF FREIGHT AND PASSENGER TRAFFIC ON
8Y8TEM FOR THE YEAR ENDED JUNE 30, 1902,
COMPARED WITH THE PREVIOUS YEAR.
Main Track.
Lines Operated by the Gbeat NobthTotal
ekn Ry. Co.—
Miles.
Miles.
Miles.
Leased from the St. P. M. & M. Ry. Co.—
3,799-19 3,799-19
First Main Track
30-61
Second Track
28
ThirdTrack
9
1305
5294
Fourth, Filth and Sixth Tracks
Total Main Track
Side Tracks
(NOT including Spokane Falis & Northern Railway
Total Miles of Tracks own6d by
M.
St. P.
1902.
666 72
6.508.75S
Increase.
1,130,734 17-3725
307,674
304,331
3,243
4-0261
4-6757
0-2868
187.292.W35
64,312,318
154,527.689
44,468,558
32,765,24 6
251,6"5,243
198,996,247
52,6f'8,9J6
13.237.363
1,862.455
9,925,811
1.592,440
8.311,552 333630
270,015 16-9561
15,099,818
11,518,251
3,581.667 31-0947
. .
Mileage of locomotives employed in "helping" freight
and mixed trains
"helping" to
Revenue
1*82
548
7-15
Ry. Co
Leased from Dakota & Great Northern
2-61
Ry. Co
Tracks of the Seattle <fe Montana RR.
46-52
Co., operated by G. N. Ry
Spur to Flathead Lake.at Kalispell, Mont.
49-04
56-19
40-44
43-05
204-66
251-18
12-18
train mileage
Mileage of loaded freight cars.
Mileage of empty freight cars.
Total car mileage.
Tons of freight carried.revenue
Company
Total.
Total tracks operated by Great Northern Ry. Co. June 30, 1902
5,594-74
4,564-98
Earnings from freight
433-41
48-94
3-32
69-84
260-51
2-63)
4-08
5552
Montana Central Ry. Co
Minneapolis Union Ry. Co
474
Second Track
Minneapolis Western Ry. Co....
2fc3
5 04
Road
in
$
169
332
73 92
316-03
ln nn
1K} vu
,
673
6,48709
Other Companies—
&
.
3,190,217.482 2,481,751.195
708,466,287 28-5470
$27,813,080 10'$21,998,491 43 $6,814,533 67 204315
Earnings per ton per mile....
32-93
2-36
7-7200
381-294
36-301
9-6205
16-060
•973
*:;::s
6-0585
7-6d23
-871
$0 26
Decrease.
Cents. 012
4,614,850
4,284,900
320,950
41,932
52,862
C-9C86
1-2337
30-5
417-595
17-033
$3 64
-859
Cents.
Cent*.
Mileage of passenger trains
Mileage of locomotives emP nyed in "helping" passenger trains
Percentage of "helping" to
revenue train mileage
Northern Ry. System
203-03
23-40
Great Northern Ry. Co
Jennings, Mont.,to International Boundary (opened July 10, 1902) .... ....
Great Falls, Mont., to International
226 43
196-28
«ft
Passengers carried
Passengers carried one mile...
Earnings of passenger trains
.
7-7003
Deer,
10.W30 20-6785
33126
Inert
(operated separately)
1-3777
PASSENGER TRAFFIC.
5,336-38
Total Miles of Track, all kinds, In System as operated June 30, 1902
traffic.
All cars handled per freight
train mile
Tons revenue freight hauled
per train
Tons revenue freight hauled
per loaded car
Earnings per freight train mile
System as oper-
atedJune 30,1902
284372
Averages.
482-35
la.,
212035
19,-543,750 44-6242
Tons of revenue freight carried
one mile
Pbopbietary CompaniesWillmar & Sioux Falls Ry. Co
Leased Tracks between Sioux City,
and South Sioux City, Neb
Duluth Wat ertown & Pacific Ry
1-0656
Percentage of
366
Montana
881,061
1,234,091 21-9298
Decrease.
103,357 11-7310
Total.
469-83
Miles.
Spokane FaUs
5,627,697
777.701
7,t'39,4S2
trains..
6,661,789
#
Side Trade
Dulnth Terminal Railway
Leased from Park Rapids & Leech Lake
P. Cent
FREIGHT TRAFFIC.
Mileage of freight trains..
4,55994
Leased from Eastern Ry.Co. of Minnesota.
FirstMain Tracks
25-49
Second Track
171-40
Side Tracks
Total Miles of
1901.
Amount.
Mileage of mixed
M.Ry. Co
System.)
Increase.
Description.
3,85213
707-81
LXXV.
[Vol.
STATISTICS
PROPRIETARY LINES.
&
:
.
.
i
775.394 28-52P7
2,717,851
71,927.564|33-64l<4
214,392,85^
$6,325,873 69 $1,869,091 08 29-5168
3,493,245
286,320,423
$8,194,964 77
Averages.
5-40
50-98
Boundary (under reconstruction)
Crow's Nest Southern Ry. Co
International Boundary to M rrissey,
5-53
134-37
B.C. (opened Sept. 15. 19021
Washington & Great Northern Ry. Co
Vancouver Victoria & Eastern Ry.<fc Navigation Co
Marcus, Wash., to Grand
Forks, B. C, and Republic, Wash.
(opened Aug. 17, 1902)
4-90
4-49
.
Karn'gs per passeng'r train mile
Earnings per passenger per mile
$1-5197
Cents. 2-327
Cents. 2-290
$02952 24-1078
1-6157
-. 0037
12,251,342
10,793,658
1,460,684 13-5328
$1-2245
TOTAL TRAINS.
53-37
Mileage of freight and passen-
4S-47
59-58
64-07
ger trains
Earnings from freight and passenger trains...
Earnings per train per mile
$28,324,36512 $7,683,629 75 27-1273
•31 11-7871
$2 63
Decrease.
1,007.994 87
$2 94
,
16-29
2-58
1887
Expenses per train per mile
Net traffic earnings per train
$145
Total Miles of Road in System, including lines operated separately and under construction
•02
$147
$149
$116
1-3605
Increase.
per mile
8S
?8'4488
Note.— The Train, Locomotive and Car Mileage figures given above have
all computations Dased upon them made In accordance with
the rules of the Inter-St ate Commerce Commission.
been compiled and
5,849-10
7,046-11
Recapitulation of Track Mileage—
FirstMain Track
Second Track.
LAND COMMISSIONER'S REPORT.
5,845-78
58-73
Third, Fourth, Fifth and Sixth Tracks
Total Main Tracks covered by
given on page 918
22 33
Mr. James
Dear Sir: I respectfully submit the following repoit regarding the Minneapolis & St Cloud Land Grant for the
fiscal year ended June 30th, 1902
An adjustment of this grant has been arrived at with the
State of Minnesota during the year.
capitalization
5,926-84
3-32
1,115 95
Leased Tracks
Side and Spur Tracks.
:
Total Tracks, all kinds, in System, including
lines operated separately and under construc-
7,046 11
tion
Note— Total Mileage of Road
This increase
is
Remaining unsold June 30th, 1902
for
Average price per acre
Receipts of Laud Department
Disbursements of Land Dcpattment
Amount of deferred payments due Company
bearing interest at six and seven per cent
54*42
3-82
Dakota & Gbeat Noethbbn Ry.—
6156
10200
Change
Change
Change
ST.
PAUL MINNEAPOLIS & MANITOBA RAILW A Yl COMPANY'S
SINKING FUND ACCOUNT CONSOLIDATED
3-43
Wash..
By balance
to credit of Sinking
as per page 41 of last year's report
June 30th, 1902. From Laud Department as per
July
betweed Portage and Great
Mont
of line at Edwall, Wash
of line at Harrington, Wash
of line at Wenatchee River,
459,071 09
MORTGAGE FUNDS.
& M. Ry.—
of line
which are
27-72
Less Decreases in Mileage:
Falls,
1-76
545,751 71
6,124 77
1272
40-44
Change
281,228 19
$495,686 32
Charles H. Babcock,
Land Commissioner.
year:
Total Increase
M.
23,054 22
Amount sold
332
ditional mileage
St. P.
3-21
Sales, acres
at Everett, Wash., net ad-
Bottineau to Souris, N. D
Lakota to Edniore, N. D.
402,609 78
$1,290,560 20
Operations During the Year.
.
New lines constructed during
the
425,660 90
as follows:
Seattle & Montana RR.—
Line from Anacortes to Rockport, Wash., purchased from Seattle & Northern Ry. Co
Mileage owned by S. & M. RR Co., but heretofore
leased to Seattle & Northern Ry. Co
New liues constructed
to
Value of same
Average price per acre
91-95
made np
425,664 00
Total acreage sold to June 30th, 1902, less
sales canceled
5,244-13
Increase in Mileage
Acres.
Acres.
The total acreage earned is
Of which there has been deeded
Company
System as operated June 30th, 1902, as shown above
5,336 38
Total mileage of Road in System, June 30th, 1901,
in
as per report for that year
J. Hill, President
-01
-22
-13
1st,
1901.
Fund
$15,672 99
Land
Commissioner's Report on next page
1,178,39'.:
Revenue Todd Couuty Lands
3 79
3,85'.'
-
Track between Brace Junotion, Minn. and Pokegama Junction, Wis., removed
$1,197,925 36
Total Credits
Debits:
Eastern Ry. of Minnesota—
To
,
6-26
Bonds purchased by Trustee and canceled
$1,012,000 00
Costing
Total Deduction
91-95
1.166.842 42
1005
Net Increase
73
64
in
Mileage
June 30,1902, Balance, being funds applicable for further redemption of bond
$31,082 94
October
THE CHRONICLE.
25, 1902.]
CASH RECEIPTS OF LAND DEPARTMENT FOR YEAR ENDED
JUNE 30TH, 1902.
Cash Sales and Instalments of Principal of New Land
REPORT OF LAND COMMISSIONER
ST.
PAUL MINNEAPOLIS & MANITOBA RAILWAY
CO.
To Mr. Louis W. Hill, President St. Paul Minneapolis &
Manitoba Railway Co
Dear Sir :— I respectfully submit the following report of
operation of the Land Department for the year ended June
'
Acres.
etc
Net Receipts
.
of Deferred Payments due this Company on
Land Contracts bearing interest at 7 and 6 per cent.... $3,266,741 76
Amount of Deferred Payments due this Company on
10,745 49
Town Lots bearing interest at 7 and 6 per cent
Amount
$3,277,487 25
Referring to that portion of report for the year ending
30th, 1893, relating to lands lying within the limits of
the grant on the Dakota side of the Red River, the Company
has re-conveyed to the United States a total of 63,477*92 acres,
for which the Company is authorized to locate an equivalent
amoimt elsewhere. Tne Company has selected to June 30th,
1902, 55,242 20 acres in lieu of a part of the above amount.
The following are the sales during the year covered by the
Dakota Grant, viz.:
816,089-11
-
to sales and other disposals of land within the limthe Grant by the United States prior to the time at
which this Company's right attached, a final adjustment of
the Grant by the Government, which is approaching completion, will reduce the above area by about 600,000 acres.
During the year ended June 30th, 1902, 124,179-99 acres of
land were sold for $1,129,277-71, an average of $9 09 per acre.
There were also sold 819 town lots for $15,003 20, an average
price per lot of $18 32.
The number of land sales during the year was 1,412, with
an average of about 88 acres to each purchase.
Owing
its of
172-95 acres for $3,507 05, an average per acre of.. $20-27
$28,892 65
Receipts during the year
Taxes paid, Expenses of Examination and Selection
of Land and other Disbursements made during the
year in connection with Grant
Land Commissioner.
FIVE YEARS' PROGRESS OF
an extended analysis of the operations and progress of the Great Northern Railway Company, prepared by
a person having intimate knowledge of the affairs of this
important property. We have gone over the figures and
Great Northern Railway Com-
Earnings Per
Passenger Per Mile ...
Tons Revenue Freight Per
Freight Train. Mile ....
Ton Miles Per Mile of
2-591
0-899 cts.
195,585,382
0-859cts.
286,320,423
cts.
2-378
cts.
2-327
cts.
281
356
417
363,400
493,500
607,700
21,400
Road
of
38,500
Road
54,500
The foregoing table disregards the Burlington stock, held
in equal amounts by Great Northern and Northern Pacific,
as well as the joint bonds of the two companies issued in
payment therefor.
The report of the Burlington for the year ended June 30,
1902, contains the following figures:
Miles Standard-Gauge Railroad in Operation June
30,1902
Average Miles Operated during business year
Gross Earnings
Operating Expenses and Taxes
Net Income from Operation
Miscellaneous Income
Total Net Income
Bonded Debt
Interest on Bonds
Rentals
Sinking Funds
Total Preferred Charges on Income
•
dividual years need not be shown.
The years ended June 30, 1897, 1900 and 1902 will suffice.
A compilation, covering some of the most important subjects, appears in the next following table. The traffic figures
in the table do not include those for the Spokane Falls
Northern and associated lines, having 203-3 miles of main
track, but the earnings figures do include the earnings of
those lines.
&
GREAT NORTHERN RAILWAY LINES.
>
Average length of road
$
0-956 cts.
97,543,773
Passenger Miles Per Mile
illustrate the continuity and regularity of Great North
ern's progress in the last five years, figures for all the in-
5,075-86
Per
Average
income.
4,559-34
Earnings
TonPerMile
Passengers One Mile
ings per unit of traffic, progressive efficiency and economy
in operation and a resulting expansion of net revenue.
Efficiency and economy in operation have come from
general and extensive improvements of road and equipment,
as well as from increased volume of traffic and better
methods of operating. Physically, the property is to day
among the best of the so-called trans-Continental lines.
Besides large yearly expenditures for additions and improvements charged to capital account, considerable outlays for
these purposes have each year been charged to current
(miles).
,
1902.
$
Stooks owned by others
$
$
than Gt. North. Ry. Co.45,000,000 00 98,882,700 00 124,306,600 00
Tons of Revenue Freight
1,657,223,725 2,504,792,882 3,190,217,482
lmile
Average
$
Gross Earnings TransporSystem
tation
21,736,255 30
Miscellaneous income....
664,92111
Total income
22,401,176 41
Operating Expenses and
Taxes 13,230,22159
Net Income of System.... 9,170,954 82
Bonded debt
106,141,854 54
Annual Interest Charge
on Debt
5,182,208 78
Surplus of Income above
Interest on Bond. Debt. 3,988,746 04
1900.
1897.
pany, for the last business year, furnishes much material
for interesting comparison with the results of the same
system's operation in former years, and also with the result
of the operation of other lines running from the Great
Lakes and the Mississippi basin to the Pacific Coast,
gf A good idea of the growth of the Great Northern, which
also necessarily reflects a corresponding growth in population, business and wealth, of the territory served by it, can
be gathered by going back to the results for the year ended
June 30, 1897. The annual reports of the company for the
years between that one and the one lately ended show constant progress in all directions— rapidly increasing volumes
of traffic, regular and continuous decrease in average earn-
operated
Years Ending June 30.
/
find
Tears Ending June 30.
1900.
1902.
1896.
A RAILWAY SYSTEM.
is
To
3,133 49
The remaining lands are in process of adjustment with
the Government.
Charles H. Babcock,
GREAT NORTHERN'S GROWTH SINCE
1897.
$1,178,392 73
June
Remaining unsold June 30th, 1902
i
21,574 17
$1,244,079 09
65,686 36
Less Expense of Land Department and Trustee
2.802,65328
of the
187,774 39
Lot Contracts
Acres.
at
Total Acreage sold prior to June 30th, 1902.2,967,261 17
303.73892 2,663,52225
Less.sales canceled.
them correct.]
The annual report
5,20824
-
.
Deoreed to Northern Pacific RR.
Co. in accordance with terms of
settlement of Nov. 1st, 1897— 48,91608
3,330-02 418,107-02
Re-deeded to United States
[Below
Sales,
\mount received for Interest on Old and New Contracts.
Amount received for Principal and Interest on Town
Total Acreage of
ten sections for each mile of road, as for3,848,000-50
merly construed by the State of Minnesota
Grant, as construed
Tntai Am-pace of Land
3,479,611-36
bv United'states General Land Office
Total Aoreage deeded to Company prior to
„ Rrt .„ ft
3,220,76030
June 30th? 1902
Less decreed to Northern Pacific
RR. Co. by Supreme Court
United States, March 2d, 1 891 365,860-92
Net Aoreage deeded
$146,042 23
883,480 06
Contracts
Amount of Principal received on Old Contracts
Amount received for Trespass, Stumpage, Grass
"
Land Grant computed
921
5,249-37
$
31,099,054 15
2,290,494 35
33,389,548 50
38,858,513 50
2,031,750 26
40,890,263 76
17,075,533 33
16,314,015 17
96,577,454 54
20,874,317 63
20,015,946 13
97,975,454 54
4,807,813 18
4,835,214 01
11,506,19199
15,180,732 12
8,123-82
8,109-08
$53,795,245 47
35,582,875 53
18,112,369 94
340,804 99
18,453,174 93
152,072,400 00
$7,253,106 19
493,826 98
623,13100
8,370,064 17
Balance of Income
10,083,110 76
Capital Stock C. B. & Q. RR. Co
$110,800,600 00
These results for the year have been attained in the face
of nearly a total failure of the chief crop of the territory in
which Burlington operates. Net earnings for the first three
months of the current year show a substantial gain over
those of last year for the like period, although the new corn
crop has not yet been gathered. It should also be noted
that, of the Burlington's bonded debt, $21,699,200, bearing
7 per cent, will mature on July 1, 1903. The high credit of
the company may reasonably be expected to permit refunding on a basis around 3% per cent, which will effect an
annual saving of about |750,000. The holdings of Burlington stock by Great Northern and Northern Pacific amount
to $107,577,200, in payment for which the two companies
have issued their joint bonds for twice the amount, bearing
interest at the rate of 4 per cent; thus carrying an annual
interest charge of $8,608,176.
The Burlington system has been leased to an operating
company, whose stock is owned in equal parts by the Northern Pacific
Great Northern, and which pays, as rental,
all preferred charges and 7 per cent dividends upon the
stock of the old company, the latter being payable quarterly.
The balance of income, last year, after meeting all preferred charges and 7 percent dividends on all stock of the
&
THE CHRON1CLK
922
company held by others than Northern Pacific and Great
Northern, equaled the year's interest on the joint bonds,
old
and a clear surplus of $1,263,388 76.
The reports of Atchiron & Northern Pacific, for the year
ended June 30, last, are also out; and a comparison of figures
relating to the three companies, operating lines from the
Great Lakes to the Pacific Coast, under single management,
is
not without interest.
Tear Ended June 30, 1902.
Gt. Northern.
Northern Pac.
,
Atchison.
Aver. Length of Road
Operated.... (miles)
5,01936
$
5,249-37
41,387,379 71
843,765 04
42,231,144 75
38,858,513 50
40,890,263 76
22,559,046 74
19,672,098 01
21,039,366^6
19,850,897 10
225,923,500 00 *177,221,233 00
1902
Annual Int'st Charge
6,624,865 83
9,135,180 00
on Debt
'97,975,454 54
7.855-38
$
Gross Earnings Trans
portation System... 59,135,085 53
Miscellaneous Income 1,140,858 80
60,275,944 33
Total Income....
Operating Expenses,
Taxes 2nd Rentals. 36,272,423 45
24,003,51188
Netlnoome
Bonded Debt June
Surplus
$
2,031,75026
30,
4,835,214 01
of Income
Interest on
Above
Bonded Debt
13,047,232 18
15,015,683 09
14,868,33188
Stocks Outstanding.. 216,199,530 00 155,000,000 00 124,306,600 00
Tons of Revenue
Freight One Mile
..
Average Earns. Per
Ton Per Mile
Passengers. lMde ...
Average Earns. Per
Passenger Per Mile.
Tons Revenue Freight
Per Freight Train
4,231,748,520
0988
2-21 cts.
3,190,217,482
0-900 cts.
406,704,017
286,320,423
2-12
cts.
0859 cts.
2-327
cts.
346
417
538,700
657,500
607,700
77,300
81,000
54,500
247
Mile..,
Ton Miles Per Mile
Road
cts
607,670,582
3,300,253,137
of
Passenger Miles Per
MileofRoad
*Does not include Great Northern-Northern Pacific joint bonds
issued for purchase of Burlington stook.
Especially noticeable in the foregoing figures are the
larger earnings per unit of freight traffic, and the larger
Dumber of such units, on the Southern system as compared
[Vol.
LXXV.
with either of the Northen, and the relative net results from
operation on the three systems, notwithstanding those facts.
The average earnings per ton per mile on Atchison exceeded those on Northern Pacific by "88 of a mill and those
on Great Northern by 1*29 mills. If the ton- mile rate collected on Atchison had been collected on Northern Pacific,
the latter's net earnings for the year would have been increased nearly $3,000,000; had it been collected on Great
Northern, that company's net earnings for the year would
have been increased over $4,000,000. The effect upon results of a. fraction of a mill, more or less, when applied to
the total year's business of an important railway system,
runs into large figures. Even the *41 of a mill per ton-mile
earned by the Northern Pacific in excess of the amount
earned by the Great Northern, applied to the latter's traffic
for the year, would have increased net earnings over $1,200,000, and brought net income up to a figure above $1,000,000
in excess of that obtained by Northern Pacific from an appreciably larger volume of traffic. Comparing results on
the three systems by Gross Earnings from transportation,
Operating Expenses and Net Earnings, Atchison earned
more than Northern Pacific $17,747,705 82 gross and $4,331,413 87 net; it earned more than Great Northern $20,276,572 03 gross and $4,152,614 78 net. Much, if not most, of
these results, by comparison so favorable to the Northern
systems, are likely attributable to the high degree of
efficiency and economy in operation which the latter have
attained.
The average train-load figures 247 for Atchison, 346 for
Northern Pacific and 417 for Great Northern— indicate what
each system has succeeded in accomplishing with that unit
in operating cost, the Train-Mile.
The President of the
Great Northern was a pioneer in the method of operating
which aims to spread the nearly uniform Train-Mile unit of
expense over the greatest practicable number of traffic
units.
How well he has succeeded is shown by the above
quoted statistics.
The smaller earnings per ton mile in
Great Northern than on Northern Pacific are attributed to
the movement in the former of a much larger tonnage of
grain and iron ore, both of which commodities go at low
rates, *nd thus serve to materially reduce the average.
—
BUFFALO & SUSQUEHANNA RAILROAD COMPANY.
EIGHTH
ANNUAL REPORT— FOR THE YEAR ENDED JUNE
Buffalo, N. Y.,
Sept. 15, 1902.
To the Stockholders and Bondholders of the Buffalo & Susquehanna Railroad Company:
In submitting their report upon the operations of the company for the fiscal year ended June 30, 1902, the Board of
Directors are gratified to be able to state that substantial
progress has been made during the year in various direcThe results of the working of the property have been
tions.
extremely satisfactory. Important plans for further development have been matured and are now being oarried out.
These include, in the main, the acquisition, through a subsidiary company, of large tracts of bituminous coal lands in
Clearfield and Jefferson counties, Pennsylvania; the extension of the railroad to these lands from its present southern
terminus at Sinnemahoning, Pa., either by the construction
of a new line or by arrangement with an existing company,
as may be finally determined; and the building of an extension from Wellsville, N. Y., to Buffalo, including the creation of adequate terminal facilities for the coal traffic on the
Lake Erie water front in Buffalo harbor.
COAL LANDS ACQUIRED.
The last annual report mentioned the incorporation of the
Susquehanna Coal & Coke Company, and the purBuffalo
chase of the property of the Clearfield Coal Company at
Tyler, Pa. During the past year the company has been fortunate in acquiring other valuable properties of much greater
extent than we had expected to be able to buy within a
much longer period of time.
At the date of the circular issued in April, the coal lands
already acquired by the Buffalo & Susquehanna Coal & Coke
Company were estimated by experts to be underlaid with
upward of 21,000,000 tons of bituminous coal of good quality.
Included in the aggregate were purchases from Phelps,
Dodge & Co. of lands containing at least 12,000,000 tons of
coal in the vicinity of Medix, Pa., which point is about ten
miles from the operations at Tyler referred to in the last reAnother shaft is being developed, so as to increase
port.
the output of the mine at Tyler.
In June of this year the company purchased the large property owned by Peale, Peacock & Kerr, Incorporated, about
ten miles south of DuBois, Pa., containing more than 16,000,000 tons of bituminous coal of a superior quality, suitable
for general steam and coking purposes. This tract adjoins
the well-known property^ of the Rochester & Pittsburg Coal
& Iron Company, known as the Soldier Run Mine, which is
the best mine owned by that company.
The Buffalo & Susquehanna Coal & Coke Company has
also purchased from the Berwind-White Coal Mining Company lands underlaid by fully 14,000,000 tons of similar coal,
located near DuBois. These veins will average more than
The plant of the Berwind-White
five feet in thickness.
&
1902.
30,
Company was taken over as a going concern. It is equipped
in first-class manner and is producing over 1,200 tons of coal
per day.
All of these lands were bought after careful investigations by coal experts, including Mr. E. V. dTnvilliers of
Philadelphia and Mr. William Griffith of Scranton, who are
acknowledged to be the best authorities on coal properties.
The coal company has secured the services as general manager of Mr. F. B. Lincoln, who formerly had charge of one
of the large bituminous coal operations of the Erie Railroad.
The acquisition of all these properties in so short a time
has placed the company in a strong position for the shipment of coal as soon as the railroad can be completed to the
several mines. The new properties have all been paid for
in cash since the close of the fiscal year, and are unincumbered.
NEW RAILROAD
LINES.
Surveys have been made for the railroad that it is proposed to build from the present terminus at Sinnemahoning
to BuBois, and thence southward about ten miles to the
coal lands. Maps have been filed in Cameron, Elk and Clearfield counties, in which the extension will be situated.
Work on the construction of this line, which will be about
sixty-two miles in length, will probably begin some time
A considerable amount of material is already
this year.
provided. Meanwhile, however, negotiations are pending
with the Pennsylvania Railroad Company for the use of its
tracks between Driftwood and DuBois
Provision has been made for the funds to pay for the construction of the railroad and for additional equipment received and ordered, as mentioned elsewhere, and also a surplus for the purchase of additional equipment and the acquisition of other coal properties.
The company proposes to build about twenty-two miles
of railroad from Hull, on the main line, twenty-nine miles
north of Sinnemahoning, to Cutler Summit, on the WellsThis
ville branch, twenty-two miles south of Wellsville.
cut-off will shorten the distance from the coal fields to
Buffalo about sixteen miles, besides improving the grade
and curvatures— a matter of importance in consideration of
the heavy coal traffic that will pass over this line upon the
completion of the extension of the railroad to Buffalo-
EXTENSION TO BUFFALO.
The extension from Wellsville to Buffalo, about eighty
miles, is to be built by a corporation organized for the purSusquehanna Railroad
pose in the interest of the Buffalo
Company. No unusual physical difficulties are to be overcome. The completed line of about 215 miles from the coal
fields south of DuBois to Buffalo will cross only two summits,
and those by grades as favorable as are enjoyed by any
&
:
October
THE CHRONICLE.
25, 1902.]
neighboring line. Between Wellsville and Buffalo the railroad will traverse a rich agricultural country, following the
Genesee Valley for twenty miles. The average length of
haul from the mines to Buffalo will be less than 200 miles.
For shipments east, the Buffalo & Susquehanna route, via
Addison, will have the advantage over its competitors of
about fifty miles.
BUFFALO TERMINAL
FACILITIES.
INCOME ACCOUNT.
a comparative summary
the company for the fiscal year:
The following
tions of
923
is
of the opera-
Tear Ended June 30
.
1902.
1901.
,
Increate.
$835,748 43 $721,965 57 $113,782 86
Gross earnings
Operating Expenses and Taxes. 478,479 04 420,400 29
58,078 75
Net Earnings from Operation... $357,269 39 $301,565 28 $55,704 11
37,672 03
6,427 54
Income from Other Souroes
31,244 49
For terminal facilities in Buffalo a tract of about fifty
$394,941 42 $307,992 82 $86,948 60
Total Available Income
acres of land, adjoining the new plant of the Lackawanna
$148,66153 $69,732 11 $78,929 42
Steel Company, and directly on the lake front, has been ac- Interest on Funded Debt
1,063 74
24,712 47 *23,648 73
quired in the interest of your company. The advantages of Other deductions
this location are unsurpassed. Surveys are being made for
Total Deductions from Inthe projected railway connections and harbor development,
$149,725 27 $94,444 58 $55,280 69
come
and the necessary preliminary arrangements are being adNet Income for Fiscal Year.$245,216 15 $213,548 24 $31,667 91
vanced as fast as possible.
Adjoining the terminal lands referred to above, about fifty
acres additional have been acquired by the Buffalo & SusPROFIT AND LOSS ACCOUNT.
quehanna Iron Company, which corporation is affiliated in The Profit and Loss (surplus) balance on July 1, 1901.
interest with the Buffalo & Susquehanna Railroad, and is
was
$317,932 16
constructing on this site a large blast furnace plant. This To -which should be added the Net Income of the fiscal
yearas above
245,216 15
will include two furnaces, having a capacity of from 600 to
700 tons of pig iron per day, or, say, 225,000 tons per annum.
$563,143 31
Two more furnaces probably will be built later.
And deducted sundry ^adjustments (net).
1,329 85
It is expected that as soon as the railroad is open to Bufbalance of
Leaving a
$561,818 46
falo, some 1,000,000 tons of coal per annum, including that
Against this balance have been charged four dividends
taken by the furnaces above mentioned, will go over its
declared on the common stock of 1*4 per cent each,
175,900 00
rails.
A large part of the coal produced will find a market aggregating
in the territory directly tributary to the company's own
Leaving a balance at credit of Profit and Loss on June
lines, and another large portion, say 400,000 tons per annum,
30, 1902, of
$385,918 46
will be used in the form of coke by the Buffalo & SusqueThe Profit and Loss balance of $395,918 46 represents the
hanna Iron Company.
net surplus from operations, after payment of dividends,
from the time of organization to June 30, 1902. This acTRIBUTARY INDUSTRIES.
count has not been affected in any way by the refunding
In addition to the coal and coke business, miscellaneous operations or the issue of new securities.
traffic in increasing amounts is assured both to the present
FINANCIAL CONDITION.
lines and to those proposed.
The financial condition of the company on June 30, 1902,
The firm of F. H. & C. W. Goodyear has bought recently,
adjoining the railroad and its extensions, over 25,000 acres is shown by the condensed balance sheet on a following
of timber land, costing nearly $2,000,000, which will produce page.
Attention is called to the excess of working assets over
more than 1,000,000 tons of freight to be shipped over the
working liabilities, amounting to $180,655 14. All known
Buffalo & Susquehanna Railroad.
At Ansocia, a railroad seven miles long into a timber tract liabilities and assets of every character are stated. Conhas been completed and a mill has been built that will pro- tingent liabilities and assets are fully provided for in the
duce 30,000 tons of freight a year. A similar railroad ten several reserve accounts.
The projected construction of new lines and the increase
miles long has been built up Elk Run. The Lackawanna
Lumber Company has built a railroad nine miles in length of our holdings of securities of other companies, of which
from Oleona up Kettle Creek, and is under contract with more extended mention is made elsewhere in this report, are
the United States Leather Company to ship over the Buffalo reflected in the ohanges in the balance sheet as compared
& Susquehanna Railroad 70,000 tons of bark at the rate of with that of June 30, 1901, as brought out in the table of
10,000 tons a year. This eompany has lately bought a tract "Resources and Their Application."
On June 30, 1901, the treasury held $525,000 unexpended
of land for which it has paid $375,000. It operates about
forty miles of railroad all told. The Goodyear Lumber Com- proceeds of first refunding mortgage bonds sold. Of this
pany operates over 100 miles of similar railroad, all of which amount $205,486 90 has been temporarily invested in purfeeds the Buffalo & Susquehanna lines.
chase money 4 per cent notes of the Buffalo & Susquehanna
An addition to the Goodyear Lumber Company's mill at Coal & Coke Company, leaving the cash unexpended on June
Galeton, increasing its capacity fifty per cent, will go into 30, 1902, $319,513 10.
operation about October 1, and should produce about 50,000
COMMON CAPITAL STOCK.
tons additional freight per annum.
No change has occurred since the last report in the comA new oil re6nery is under construction at Wellsville with mon capital stock outstanding, the amount of which
is
$100,000 capital, fine brick buildings and modern equipment.
$3,518,000.
It will be completed about October 1.
All of the product
PREFERRED CA.PITAL STOCK.
will be transported to market over the Buffalo & SusqueAt a meeting of the stockholders held April 30, 1902. the
hanna Railroad.
Taking into consideration only the additional business ultimate issue of 80,000 shares of preferred stock, of the par
already in sight, the directors of the company, upon mature value of $4,000,000, was authorized, to provide funds for the
deliberation, are convinced that, after the completion of purchase ef securities of other companies and new constructhe extension of the railroad southward from Sinnema- tion, and for general purposes of the company. The preferhoning to the coal fields now owned and hereafter to be ac- red stock is to receive 4 per cent non-cumulative dividends
quired in its interest, and after the completion of the exten- annually, if earned, and ranks ahead of the common stock
sion northward from Wellsville to Buffalo, net earnings of in distribution of surplus and of assets.
The directors on April 30, 1902, authorized the issuance of
$1,000,000 per annum, as against the present net of $400,000,
60,000 shares of this stock of the par value of $3,000,000, of
may be reasonably anticipated. This sum is considerably
more than double the interest on the present funded debt, which 20,000 shares, of the par value of $1,000,000, were to
plus the dividend on $3,000,000 of preferred stock and the be disposed of on June 1, 1902, and the remainder has been
interest on the estimated cost of the new railroad line to sold for future delivery, as the funds are required.
The proceeds of the $1,000,000 new preferred stock sold
Buffalo, terminals in that city, coal mines, additional equipJune 1, 1902, have been disposed of as follows
ment, etc.
Invested in stock of the Buffalo & Susquehanna Coal <fe
MILEAGE OPERATED.
."".
Coke Company
$10,000 00
The lines of road now composing this system, the opera- Invested in stock of the Keystone Store Company
10,000 00
tions of which are embraced in this report, include 152*42 Temporarily invested in Purchase Money Notes of the
Buffalo
100,000 00
miles owned and 20-11 miles leased, a total of 172-53 miles. Loaned at& Susquehanna Coal & Coke Company
Interest
613,569 27
Re-surveys show anTincrease of "31 in the mileage of road Cashon hand
266,43073
operated; otherwise there were no changes during this fis$1,000,000 00
cal year. The company's lines connect Keating Summit,
FUNDED DEBT.
Sinnemahoning, Cross Fork and Ansonia, Pa., with Addison
No changes have occurred in the funded debt except that
and Wellsville, N. Y.
$119,000 of first refunding mortgage 4 per cent bonds have
EARNINGS AND EXPENSES PER MILE.
been issued to refund an equal amount of first mortgage 5
per cent bonds, $44,000 of 4s have been issued to provide
Gross earnings, operating expenses (including taxes), and
funds for the sinking fund for the retirement of 5s, and
net earnings per mile of road have been as follows
$54,000 of 5s have been retired through the operation of the
1902.
1901. Increase.
sinking fund.
Average Miles Operated
172-53
7*85
164 68
Gross Earnings
„... $4,844 08 $4,384 05 $460 03
PHYSICAL CONDITION AND IMPROVEMENTS.
Operating Expenses and Taxes
2,773 31 2,552 83 220 48
During the fiscal year 74,018 ties, or about 14 per cent of
Net Earnings prom Operation
$2,070 77 $1,83122 $239 55 the total number in the track,; were used in renewals.
The ratio of operating expenses and taxes to gross earn- About 40,000 yards of gravel and 200 car-loads of cinders
ings in 1902 was 57-25 per cent in 1901, 58-23 per cent.
have been distributed for repairs of road bed. Also extensThe ratio of interest on funded debt to total income ive renewals of bridges, buildings, fences, etc., have been
available for interest in 1902 was 37-74 per cent.
made, the total cost being oharged in operating expenses.
:
;
THE CHRONICLE.
924
These expenditures account for a large part of the increased
The average cost of maintenance of
cost of maintenance.
way and
structures per mile of road was $645.
65 per cent of the track is laid with eighty-pound
rails, 10 per cent with seventy-pound and the rest with
sixty-seven-pound and sixty-five-pound, and a small quantity of sixty-pound rails. As fast as practicable the lighter
The enrails will be replaced with new eighty-pound rails.
tire track is now in first class condition and capable of sup-
About
porting the heaviest traffic.
Since the close of the fiscal year contracts have been
made for the construction of two new steel bridges, 200 feet
and 135 feet respectively in length, on the Sinnemahoning
Branch, to replace wooden structures. They will be com
pleted by February, 1903.
Two and one-half miles of curves have been re-located
and re-lined, some curves having been taken out and others
improved, and surveys are being made with a view to the
further reduction of curves and grades.
EQUIPMENT.
The equipment
on June
30, 1902, included 21 locomopassenger cars, 979 freight cars and 10 service cars.
This shows, as compared with June 30, 1901, a net decrease
of one locomotive and a net increase of one freight car. The
new locomotive referred to in the previous annual report
was put into service in November, 1901, replacing a lighter
engine, which was sold. One locomotive was condemned
and scrapped.
All freight cars are equipped with automatic couplers, and
672 of a total of 979 freight cars are equipped with airbrakes The average tractive power of the locomotives is 23,747 pounds. The average capacity of the cars in freight
list
tives, 16
service is 31 tons.
All locomotives are in general good condition and have
been much improved during the year. The freight and
passenger cars are also maintained at a high standard of
efficiency. The expenditure for the year for repairs and renewals of locomotives amounted to $1,786 each, of passenger
train cars to $309 each, and of freight cars to $46 each.
Contracts have been let for twelve consolidation locomotives for freight service, two of them to be delivered in September, three in January and seven in July, 1903. Contracts
have also been made for 400 new gondola coal cars and one
passenger coach, to be delivered by January 1.
TRAFFIC.
As
regards traffic, this fiscal year has been the best in the
history of the company. Our relations with shippers and
with connecting lines have been generally satisfactory, and
we are confidently looking forward to still further increases
in both freight and passenger business on the existing lines
during the coming year.
[Vol.
LXXV.
miles in 1901. The gratifying increase of 5,484,032 ton miles
was equivalent to 16-99 per cent. The average ton mile
revenue of 1902 was 1'84 cents.
Steady growth has characterized the passenger as well as
the freight business. In 1902, 3,821,253 passengers were carried
one mile, as against 3,602,413 passenger miles the previous
year, the increase being 218,840, or 6*08 per cent. Passenger
mile revenue averaged 2-92 cents in 1902, as compared with
2*84 cents in 1901, and passenger train mile earnings 45*04
cents as compared with 49*40 cents.
GENERAL REMARKS.
During the year no accidents have hapoened to passenger
coaches, no passengers have been injured in any way. no
freight trains have broken in two and run together, no collisions have occurred, and the company has been exceptionally free from minor accidents.
Following the precedent of previous years, the books and
accounts have been audited by Messrs. Patterson, Teele &
Dennis, Certified Public Accountants, and their certificate
is incorporated in this report, confirming the statements of
the Auditor.
The Board renew their acknowledgment to the officers
and employes for the fidelity and efficiency with which
they have discharged their duties during the past year.
By order of the Board,
F. H. Goodyear,
Chairman.
ACCOUNTANTS' CERTIFICATE.
Arthur W. Teele.
C. P.
A.
Richard T. Lingley,
Rodney S. Dennis. C. P. A.
John Whitmore,
Stuart H. Patterso», O. P. A.
C. P.
A.
Francis R. Roberts. G. P. A., Baltimore.
J. S. M. Qoodloe. C. P. A.. Columbus.
PATTERSON, TEELE & DENNIS,
CERTIFIED PUBLIC ACCOUNTANTS,
16
Calvert
8.
St.,
Baltimore Md.
Telephone, 3665
30 Broad
St.,
New
York.
Telephone, 2296 Broad.
St. Paul.
16 E. Broad
St.,
Columbus, O.
Telephone, 168 Main.
'DIGNUS."
Cable Address,
New York, September 2, 1902.
and Bondholders of the Buffalo & Susquehanna Railroad Company.
We have made an examination of the books and accounts
of the Buffalo & Susquehanna Railroad Company for the
fiscal year ended June 30, 1902, and hereby certify that the
Balance Sheet and Income and Profit and Loss Accounts
published herewith are in accordance with the books, and
To
the Stockholders
we have satisfied ourselves that they accurately set forth
the results of the year's operations and the financial condition as on
June
30, 1902.
Patterson, Teele
freight traffic in 1902 amounted to
37,757,996 tons carried one mile, as against 33,273,964 ton
The company's revenue
&
Dennis,
Certified Public Accountants.
BUFFALO & SUSQUEHANNA RAILROAD COMPANY.
CONDENBED BALANCE SHEET AS OF JUNE
Cost of Road & Prop'ty.. $5,631,872 10
Rolling Equipment
506,32184
Capital Stook, Preferred,
Rolling Equipment,
$4,000,000 00
$179,950 00
Capital Stock,
Leased Lines
4,555,500 00
Mortgage 5 per cent Bonds, due
1913
First Refunding Mortgage 4 per cent.
Bonds, due 1951
First
572,425 06
10,000 00
Common Capital Stock in Treasury,
Total Capital
(per contra)
First Ret, Mtge.
3,000,000 OO
4 per cent Bonds in
$3,000 00
54,109 06
57,109 06
Bonds
319,513 10
Cash— Unexpended Proceeds of Pref Stock sold
Proceeds of Pref. Stock sold
.
266,430 73
Loans— Unexpended
Fuel, Material,
880,000 00
188,822 16
Total Invested assets.
Cash
Cash with Financial Agents to pay Coupons
Cash in Transit
Due from Agents and Conductors
Due from U. S. Govt. Post Office Department...
other Roads, Companies and
Individuals
Bills Receivable
Unexpended [uBur»oce
Other Accrued Assets
Total Working Assets.
Profit
127,509 44
0©
00
17
05
28
1,061 24
218 73
4,165 82
43.975
6,225
2,124
12.458
43,349
J 28, 233
93
317,932 16
67,986 30
385,918 46
$12,400,763 32
$265,070 85
63,50 > 00
5,156 36
12,136 52
2,639 77
Due from
Total Assets
Total Working Liabilities
and Loss Surplus June 30, 1901.
Net Surplus, after payment of dividends, year ended June 30, 1902
613,569 27
and Supplies.
Indi-
Dividend on Common Stook, payable
July 1.1902
Accrued Interest on Funded Debt
Accrued Sinking Fund
Acorued Taxes
Renewal Reserve Funds
8pecial Reserve Fund
Other Accrued Liabilities
Surplus Leased Lines
.
sold
$12,195,500 00
$23,642 '-'0
63.505 00
viduals
14,000 00
of
3.142,000 00
Mortgage
Unpaid Pay Rolls
Coupon interest due and unpaid..
Due other Roads, Companies and
1,037,500 00
Cash— Unexpended Proceeds
and
498,000 00
Liabilities
(per
contra
Preferred Capital Stock in Treasury
Treasury
Firtt Ref Mtge 4 per cent
Bonds in Sinking Fund.
Uninvested Sinking Fund
3,518,000 00
Capital Stock, Common,
in Treasury (per contra) 1 ,037,500 00
183,200 00
Buffalo
Keystone 8tore Co. Stock
Common,
outstanding
3,250 00
& Susqueliana Coal & Coke Co.,
Purchase Money Mortgage less SlnkingFund $256,938 16
CapitalStook
10,000 00
Advances for Additional
Properties
305,486 90
$1,000,000 00
outstanding
Capital Stock, Preferred,
in Treasury (per contra) 3,000,000 00
$6,138,193 94
Securities and Leasehold
Interest, Leased Lines .
30, 1902
111.937
32,209
4,225
12,008
"9
54
77
47
508,889 07
$12,909,652 39
'l'ci
m. Liabilities
and sunn
i
a
09,652 39
October
THE CHRONICLE.
25, 1902.]
STATEMENT SHOWING RESOURCES AND THEIR
COMPARATIVE STATEMENT OF INCOME ACCOUNT
For Two Years Ended June 30, 1902.
1901-02.
,
.
APPLICATION
1900-01.
,
During the Fiscal Year Ended June
Resource* Acquired—
,
Per Cent
Per Cent
of Gross
of Gross
Amount.
Amount.
Earns.
Earns.
8271
83 13 $694,~57 26 $597,100 19
Freight Earning
102,470 55
13-35
111.559 24
1419
Passenger Earnings
9,165 01
1-20
9,99235
127
Mail'Earning.. ..?.
40
4,334 40
"52
-60
4,334
Express Earnings
18
Miscellaneous Earnings.... __lj80 ^15,105
JL23
First Refunding Mortgage Bonds issued
First Refunding Mortgage Bonds in Treasury on June
30, 1902, since sold for refund ins purposes
Reduction In valuation of Purchase Mortgage of Buffalo
Coke Co., by application of
Susquehanna Coal
TOTAL Oper. EXPENSES 56-17 $469.44154 $409,406 95
10,993 34
108
9,037 50
Taxes
„
Total Operating Expenses and Taxes.... 57-25 $478,479
Net Earnings from Operation.!
Total Avail. Income
$2,600 00
3,827 54
$6,427 54
$307,992 82
$29,417 07
Ren
10.000 00
ferred Stock sold
Advances to Buffalo
pany for purchase
$245,216 15
$213,548 24
of additional properties, viz.:
305,486 90
3.000 00
613,569 27
sold
Cash remaining on hand from proceeds
of Preferred
266,430 73
142,804 63
Stocksold
PROFIT AND LOSS ACCOUNT
Year Ended June 30, 1902.
Credit$317,932 16
Balance brought forward July 1 1901
Net Income 12 months end°d Jane 30, 1902.. 245,216 15
$563,148 31
Total Credits
Debit*
—
0.10,1540/0
Coke Com-
First Ref unding Mortgage Bonds purchased for Sinking Fund
Loans (at interest) from proceeds of Preferred Stock
$94,444 58
Net Income
&
Susquehanna Coal
,.
$205,486 90
Bonds
Part proceeds of Preferred Stock sold.. 100,000 00
1,061 24
$149,725 27
<fe
Part prooeeds of First Ref. Mortgage
in-
Total Deductions...
10.CO0 0O
being part proceeds of Preferred Stock sold
21,816 11
24,712 47
come
Div.N
Div.N
202,543 10
67,986 30
$1,824,672 99
Total Resources Acquired
Application of Resources —
$173,000 00
First Mortgage Bonds Retired
20,981 26
Additional Expenditures for Road and Property
11,575 84
Additional Expenditures for Equipment
Cash paid for Capital Stock of Buffalo & Susquehanna
Coal & Coke Company, being part proceeds of Pre-
$47,916 00
119,244 46
2 50
50
67,01123
38,500 44
8,36560
Cash paid for Capital Stock of Keystone StorelCompany.
Interest on Funded Debt,
....
5 per cent Bonds..
Interest on Funded Debt,
4 per cent Bonds
t al Leased Lines
Other Deductions from
33,5-47
Individuals.
41-77
$394,941 42
Total Other Income..
$301,565 28
$37,672 03
Income from Securities
owned
Int. on Current Accounts
$357,269 39
205,486 90
sold
Increase of Other Working Liabilities
...
Decrease of Cash in Transit
Deorease of balances due from other Roads, Companies
and Individuals
Surplus for the Year Ended June 30, 1902
58-23
$13,327 47
24,344 56
42-75
Bonds
1,770 08
Increase of Coupon Interest due and unpaid
Increase of balances due other Roads, Companies and
56-71
1-52
$4 20,400 29
<
3,06184
33,000 00
&
&
13-52
$97.626 58
11-04
79,667 59
24-13
174,23111
57,881 67 __8j02
'
163,000 00
Sinking Fund
Net Decrease in amount of Uninvested Sinking Funds..
Advances to Buffalo & Susquehanna Coal & Coke Company from proceeds of First Refunding Mortgage
TOTAL GROSS Earninq s.IOOOO $83 5,748 43 $721,965 57 100 00
_J^£
30, 1902.
$4,000,000 00
3,000,000 00 $1,000,000 00
Preferred Capital Stock Authorized
Less amount held in Treasury
_^5J2
Maint. Way and Structures. 13-31 $111,286 81
109,134 14
Maintenance of Equipment 1306
189,038 68
Conducting Transportation 2262
59 981 91
General Efpenses.
925
on Com. Stk.,paidOct.lo,1901.$43,975 00
Increase of Material and Supplies carried in stock.
Decrease of Unpaid Pay Rolls
Decrease of Drafts in Transit
Decrease of Unpaid Dividends
Decreae e of other Working Liabilities
Increase of Cash on Hand available for payment of
current accounts
Increase of Cash with Financial Agents for payment of
333 49
1,030 02
18,975 00
2,991 94
157,430 34
33,477 50
10.001 93
interest
H,li4%onCom.Stk. paidJan.l5,1902. 43,975 00
Increase of
Increase of
pal tment
Increase of
Increase of
t
Div.No- 12, 114% on Com. Stk.. paid Apr. 1,1902. 43,975 00
Div. No. 13. 1H% on Com. Stk., pay. July 1, 1902. 43,975 00
1,329 85
Uncollectible Accoun te charged off
Balances due from Agents and Conductors.
Balance due from U. S. Gov. Post-Office De-
341 78
32,209 54
Receivable
other Working Assets
Bills
1 1,032
82
177,229 85
Total debits........
Total Application of Resources Acquired.
$385,918 46
Balance carried forward June 30, 1902
$1,824,672 99
CLASSIFIED STATEMENT OF TONNAGE.
Year Ending June 30,
Originating
Commodity.
on
this
Received
other
from
Road.
Tons.
Originating
Total freight Tonnage.
Tons.
?
.
242
117
3,387
3,629
6,192
ll,5fi6
01-04
00-02
00-12
271
79
541
1,282
846
1,361
1,387
33
359
19,459
Hides and Leather
17,400
6
21,987
6,619
48,633
3,493
499,397
104.719
341,616
12,477
3,101
5,101
15
7,705
392
36,859
951,021
165,505
1,116,526
6
10,424
.
11,563
6,619
48,633
Bituminous Coal
729
2,764
458,270
97,253
341,616
Bark
Petroleum and other Oils
Iron and Steel Rails.
..
41,127
7,466
10,835
1,642
2,173
1,704
928
3,397
15
5,751
1,954
Total Tonnage
STATISTICS -YEARS
Freight Traffic—
ENDED JUNE
1902.
30, 1901
Received
from other
Carriers.
Tons.
00-55
601
1
tins
Road.
00-33
6,075
271
Wool..
on
Per Cent.
Tons.
10,965
Flour
Hay
Carriers.
Year Ending June
1902.
Tons.
Total Freight Tonnage.
Tons.
105
17
3,567
4,922
7,172
500
4,939
7,672
265
0003
489
300
2,500
1,568
14,008
1,395
4,101
18,865
9,224
28.387
4,916
421,911
123,582
324,782
19,734
2,299
6,457
00-25
00-15
00-00
01-86
00-91
02-79
00-48
487
487
0005
5,562
6,512
0003
950
305
00-64
00-05
265
3,672
2,011
1,268
00-00
01-97
00-59
04-36
9,174
9,691
9,224
28,387
44-73
09-38
30-60
01-12
4,105
383,338
112,852
324.782
5,726
811
38,573
10,730
00 28
904
00-46
2,356
191
496
03-30
11,842
16,668
28,510
0280
10000
867,198
149,606
1,016,804
10000
0031
26
0000
00-69
26
190-.'.
Freight earnings
$694,757 26 $597,100 19
82-71
83-13
Per cent of gross earnings
Number of tons carried
1,016,804
1,116,526
Number of tons carried one mile
32,273,964
37,757,996
31-74
33-82
Average distanoe in miles one ton carried...
6,174
Number of tons carried per naile of road
6,471
195.980
Number of tons carried 1 mile per m. of road
218,849
Freight earnings per mile of road
$3,625 82
$4,026 88
58-72
62-23
Average earnings per ton (cents)
1-850
Average earnings per ton per mile (cents)...
1840
$2-13917
$1-81139
Freight earnings per rev. freight train mile..
Passenger Traffic—
Passnger earnings
$111,559 24 $102,470 55
14-19
1335
Per cent of gross earnings
220,443
Number of passengers carried
237,466
3,602,413
Number of passengers carried one mile
3,821,253
16-34
16-09
Aver, distance in miles each pass, was carr'd
1,339
Number of pass carried per mile of road
1,376
Number of passengers carried one mile per
21,875
22,148
mile of road
$622 24
$646 61
Passenger earnings per mile of road
46-484
46-979
Average earnings from each passenger (cts.)
00-36
00-49
00-76
0012
30.
1901.
Per Cent.
Average earnings per pass, per mile (cents)..
Average number of passengers per train
Passenger earnings per revenue passenger
4149
12-15
31 94
01-94
00-23
00-63-
1901.
$2-844
15
45-040
43-652
172-53
$4,844 08
$2,773 31
$2,070 77
t
fc64. 03
$1,785 64
164-68
$4,384 05
$2,552 83
$1,831 22
$592 83
$1,465 75
$45 62
train mile (cents)
$2-919
15
$3107
$309 10
$294 62
$225 74
334,844
$109 11
Miscellaneous—
Average miles of road operated
Gross earnings per mile of road
Oper. expenses and taxes per mile of road...
Net, earnings per mile of road
Main, of way and struo. per mile main track.
Average cost of repairs per locomotive
Average cost of repairs per car of cars in
freight service
Average cost of repairs per car
>
of cars in
passenger service
Average cost
of repairs per car of cars In
work service
Mileage of revenue freight trains
Mileage of revenue passenger trains
Mileage, of revenue mixed trains
Mileage of non-revenue trains
Total train mileage
Total engine mileage
198,985
48,704
95,672
678,205
684,450
244,615
200,228
34,512
60,415
539,770
582,149
a
.
1
THE CHRONICLE.
926
Pontiac Realty Co.—Bonds Offered.—The MoNair, Harris
Jones Realty Co. of St. Louis are offerirjg $359,000 first
mortgage 5 per cent 10-20-year gold bonds at 102}^ and
accrued interest.
[Vol.
.
LXXV.
2*hc (j&ommzvcml 'Qimcs.
6
COMMERCIAL EPITOME.
Standard Chain Co.—Reduction of Stock.— President
Friday Night, Oct. 24, 1902.
Sohmidt has sent to the shareholders a circular recommendThe oondition of business in most lines of merchandise has
ing that the authorized capital stock be reduced from
$3,000,000, of which one half is preferred, to $1,500,000, all of continued satisfactory. Manufacturers and dealers report a
one class, the par value to remain, as now, $100 a share. It full movement of supplies into the hands of the consuming
classes and a seasonable run of new orders, with prices holdis proposed that the holders of the present preferred ($1,031,400 outstanding) shall be given one share of the new com-; ing steady to firm. In a few instances, however, exmon stock for each share of the preferred they now own; the ceptions to the general business prosperity have been
The situation in the market for some of
holders of the present common stock ($1,277,200 to receive) evident.
one share of the new issue for every four shares surrendered, the lighter lines of finished iron and steel is not
promising. Competition is more keenly felt, and with
Three reasons are given for the proposed change, viz.:
stook a relatively greater Intrinsic value; the increasing efforts to obtain business there has been some
(1) It will give the new
cutting of prices. Reports from the hide and leather trade
(2) It will save $1,000 a year in annual franchise taxes; (3) it will
probably enable the company to begin the declaration of regular have been of a quiet business; prices for hides have been requarterly dividends by next year.
ceding from their recent high basis, and with a lessening cost
Two dividends of \% p. c. were paid on the preferred in of the raw material buyers of leather have held back from
1901, but none since. There are $568,000 of 6 p. c. bonds out- making important purchases.
The refined sugar market also
standing,— V. 72, p. 630.
has been unsettled, the trade being apprehensive of the comSuburban Gas Co., Philadelphia.— Description. As to the petition of domestic beet sugar, of which small shipments
have been made to the New York market from the Pacific
bonds recently offered (V. 75, p. 796,) an advertisement says:
Coaet. Weather conditions for the week favorable.
Authorized issue $2,500,000; held by trustee to retire an equal
Lard on the spot has been more freely offered. Larger
amount of bonds of constituent companies, $700,000 held in treasury
for acquisition of new property and future extensions under suitable receipts of hogs and the decline in corn values have had a
Total bonds out- weakening influence
restrictions, $950,000; present issue, $850,000.
Business has been quiet, although
standing, $1,550,000. Real Estate Trust Co. of Philadelphia, trustee.
The company has acquired the property rights and business of the during the latter part of the week a few sales were reported
Chester Gas Co. of Chester; Delaware County Gas Co., Chester; Media made to exporters. The close was steady at ll*50c. for prime
Gas Co. of Media, and the Philadelphia Suburban Gas Co., Darby, Western and 10*65@10*80c. for prime City. Refined lard has
being tU9 entire gas business in the territory between the Philadelphia
been offered at lower prices and at the decline a fair export
city line, at 72d St., West Philadelphia and the Delaware !8tate line—
—
;
continuous stretch of 12J3 miles. This territory begins but five miles
from the Philadelphia City Hall and contains the city of Chester, nineteen incorporated boroughs and nine townships.
The mains aggregate 100 miles; meters In use July 1,1902,6,856.
The outlay for coke-oven plant, new mains, service, meters, etc, now
under way, will exceed $500,000. The gas sales for the first fiscal year,
it is believed, will be 130,000,000 cubic feet.
Upon the completion of
the coke-oven plant it is estimated that the Income from gas sales,
coke, tar, ammonia and gas appliances will be $222,500; net over
taxes, $117,000; interest and rentals, $84,700; surplus, $32,300. An
annual growth of 20 to 3X\i per cent for several years to come is
anticipated.
Directors: E. M. Janney of Philadelphia (President), D. J. Collins of
Philadelphia (Vice-President), F. H. Shelton of Philadelphia (Secretary and Treasurer), Frank Battles of Philadelphia, K. E. Kobinson of
New York, C. B. Miller of Wilmington, O. B. Dickinson of Chester, J.
D. Shattuck of Darby, George S. Barrows of Philadelphia.— V. 75, p.
796.
Temple Iron Co.— Bonds.—The shareholders
will
vote,
on a proposition to issue $500,000 additional bonds.
The proceeds, it is said, will be used to purchase additional
coal lands. V. 74, p. 732.
Dec.
19,
—
United Box Board & Paper Co.— Conversion of $2,000,000 Preferred Stock into Bonds. The shareholders will vote
Oct. 31 on issuing $3,500,000 of 5 per c«nt bonds, of which
$2,000,000 will be used to retire an equal amount of the
$14,918,900 preferred stock. The remaining $1,500,000 bonds
will be reserved to retire at or before maturity the mortgage
indebtedness on the company's plants. The meeting will also
act on an amendment to the certificate of incorporation by
which the authorized capital stock issues shall be reduced to
the amounts now outstanding, viz.: $14,948,900 preferred
and $14,018,500 common stock. Of the company's 26 plants,
11 are unmortgaged; the mortgages on the remaining 15
plants are now to be provided for, and will be taken up from
time to time as rapidly as possible. The new bonds will mature in series of $350,000 yearly.— V. 75, p. 398, 247.
—
United Copper
Co.—First
Dividend.— A
first
(semi-
annual) dividend of 3 per cent has been declared, payable
Nov. 1 on the $5,000,000 of preferred stock.— V. 75, p. 139.
United States Coal & Oil Co.— Earnings.— The results for
the years ended Sept. 30, 1902 and 1901, compare as below:
Fiscal
year—
Oross
Net
receipts,
receipts.
Construe- Leaseh'd
tion.
<t
rentals,
Balance,
surplus,
Total
surplus.
$188,858 $167,678 $10,808 $10,373 $148,300
1900-01.. 386,151
237,401
88,807
10,667 137,930
137.930
Cash in treasury Sept. 30, 1902, $618,292; in treasury of
railroad company (whose entire capital stock is owned),
$299,946; total, $918,238.— V. 75, p, 803, 139.
1901-02. .$332,246
United States Gypsum Co.— Mortgage.—A mortgage has
been filed to the Federal Trust & Savings Co. of Chicago as
business has been transacted, closing at 11 '550. for refined for
the Continent. Speculation in lard for future delivery hag
been moderately active. Selling has been more generally
prompted by the break in corn prices. The close was steady
DAILY CLOSING PEIOBB OF LABD VUTUBBB IN CHICAGO.
Mon.
Sat.
Ootoberdel'y
January
del'y
The
local
ll*12i«
9-25
Tues.
Wed.
Tkurt.
10-97^ 1080
912i«
9-00
1070
1100
9-05
920
Wri.
1100
912»»
demand
for pork has been quiet but prices
have held fairly steady, closing at $18 75@$19 00 for
mess, $22 00 for family and $21 00@22 50 for short clear.
Cut meats have had a moderate jobbing sale at steady
prices, closing at 8^@9c. for pickled shoulders, ll^@12c.
for pickled hams and 13)£@1334c. for pickled bellies, 14@
10 lbs. average. Beef has been in fair demand and firm
at $12 00@$14 50 for mess, $15 00@$15 50 for packet, $16 00@
$17 50 for family and $24 00@$27 00 for extaa India mess in
tierces. Tallow has been firmer, closing at 63^@6%c.
Stearines have been quiet with prices quoted at 12}£c for lard
stearine and 15c. for oleo stearine. Cotton-seed oil has had a
moderate sale at steady prices, closing at 37@38c. for prime
yellow. Butter has been in fairly active demand and higher
for best grades, closing at 19@25c. for creamery. Cheese
has been in moderate demand and firm at 10@12%c. for State
factory, full cream. Fresh eggs in fairly brisk demand for
choice and prices have advanced to 243^@25c.for best Western.
Brazil grades of coffee have been in better demand, the
consuming: trade being a freer buyer, whioh has stimulated
business in first hands. The improvement in the trade conditions, however, has been offset by fairly free selling by
Brazil, and prices have not advanced, closing at 5%c. for
Rio No. 7. West India growths have been quiet, but with
small offerings prices tiave held steady at 9c. for good Cuouta. East India growths have been without change. Speculation in the market for contracts has been more active
There has been moderate selling against purchases of coffee
in Brazil, but the increased offerings have been taken by bull
operators at steady prices. The close was quiet. Following
are the closing asked prices:
Oot
Nov
5*10o.
5-15o.
5-25o.
I
I
Jan
Feb
..
5-300.
5-350.
May
5-600.
jQly.. .......... 5*75o.
Sept
5-85o.
March.
545c.
firm and higher on light offerings,
due to prospective smaller orops for the current season,
closing at %%<s. for centrifugals, 96-deg. test, and 3 l-16c. for
muscovado, 89-deg. test. Refined sagar has been steady at
Other staple groceries unchanged.
4*65c. for granulated.
Deo
!
Raw sugars have been
Kentucky tobacco has been in moderate demand and firm.
Seed leaf tobacco has been in more active demand and firm.
trustee to secure $1,000,000 of 5 per cent 20-year gold bonds. Sales for the week include 450 cases 1901 crop, Pennsylvania
The authorized common stock is $3,000,000; preferred stock, broad leaf, at 12® 14c; 200 cases 1900 crop, Wisconsin, at
7 p. c. cumulative, $4,500,000.— V. 74, p. 1138.
20c, and 150 cases 1900 crop, Zimmers, Spanish, at 14c.
Foreign tobaccos have been firm and sales have been reUnited States Steel Corporation.— Tin Wage Agreement.—
ported of 850 bales Havana at 55@80c. in bond.
The members of the Amalgamated Association employed in
The market for Straits tin has been quiet, and at the close,
the mills of the American Tin Plate Co., it is understood, have
under fairly free offerings, due to the full supplies on hand,
agreed to accept a reduction in wages, but only on condition
Ingot copper has sold
prices weakened to 2G-80@26'35c.
that the company is successful in securing all of the 1,500,000
slowly, and at the close the tone was easy, with prices
box order from the Standard Oil Co. (Compare V. 75, p. 458.
for Lake at 11*75® 12c. Lead has been in moderate demand
V.75, p. 851, 791.
and steady at 4'123^c. Spelter has not changed from 5*50c,
Western Union Telegraph Co.—Suit.— The company filed Pig iron has been quiet bnt steady.
Refined petroleum has been unchanged, closing firm at
at Pittsburg on Oct. 18 a bill in equity against the Pennsylvania RR. Co. to restrain the latter from interfering with 7'80c. in bbls., 8'60c. in cases and 4-75c. in bulk. Naphtha
the right of the Telegraph Company to use the telegraph has been unchanged at 9 -050. Credit balances have been
lines along the Pennsylvania tracks.
The plaintiff asserts quiet at $1 30. Spirits turpentine has been quiet and easier,
that the removal of its lines by the defendant was in viola- closing at 543*j@55c. Rosin has been firm and higher, adgood strained.
tion of its contract, and that the Pennsylvania RR. Co. was vancing to 1 70@l'75o. for common and
without authority to terminate the agreement by notice as Hops have been fairly active and higher. Wool has been in
attempted last June.— V. 75, p, 803, 792.
brisk demand and firm.
.
—
. .
..
.
October
THE CHRONICLE.
25, 1902.]
COTTON.
Friday Night, October 24, 1902.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below, For the week ending
this evening the total reoeipts have reached 313,879 bales,
against 311,321 bales last week and 296,200 bales the previous
week, making the total reoeipts since the 1st of Sept., 1902,
1,952,245 bales, against 1,650,822 bales for the same period of
showing an increase sinoe Sett.
1901,
Mectipts at-
HAon.
Sat.
I'm**.
1
,
In addition fioaoove exports, our telegrams to-night alio
give us the following amounts of cotton on shipboard, not
add similar figures for
eleared, at the ports named.
New York, which are prepared for our special use by Messrs.
We
Lambert ft Barrows, Produce Exohange Building,
OH 8HIPBOAKD, HUT OLEAKED FOR—
Oct.
Wed.
Ikurs.
7,675
8,106
8,457
8,296
1,869
1,446
1,329
1,591
1,033
1,668
4,586
1,694
1,589
1,648
5,168
4,366
3,190
5,012
4,917
3,618
526
200
Koyal.&c
K'p't
News, Ac
New
York.....
Boston....
Baltimore
stock.
Total.
21,238 9,366 3,843 17,337
26,205 18,357 16,198 11.348
20,550 10.450
i",750
8,463
6,400
6,200
300 52,084
75,165
35,700
10,213
13,550
10,000
4,400
22,000
137,792
78,580
84,588
16,671
13,955
9,702
38,836
29,965
65,893 27,723 57,191 53,293 19,007 223,112
410,089
Total 1901. 128,928 49,192 43,675 36,527 18,958 277,280
Total 1900.. 73,430 19,775 78,275 30,856 16,453 218,789
395,847
444,657
...
Charleston...
Mobile
3.057
4,700
950
10,000
New York
i]500
9,000
Other ports
Total 1902..
"2o"6
10,000
2,700
3,000
Speculation in cotton for future delivery has been on a
moderate scale only, but for the week prices show a slight
13
13 improvement. The leading bull clique has given a fair
4,161 25,264 amount of support to the market, and this, coupled with
629
629 buying by shorts to cover contracts, stimulated by the com726 paratively light movement of the crop, have been the
Washton.Ao
Korfolk
96,538
2,318
91,803
9,878
1,258
49,528
6,863
9.091
1,258
9,203
6,863
1,823
Brunsw'k.&c.
Pt.
GerOther CoastGreat
Britain Fr'nee many. For'gn wise.
Sew Orleans.
Salveston
tot&:
Wri,
8,091
Wilmington....
Leaving
24 at—
Savannah.
Charleston. ....
927
1902, of 301,423 bate?.
14,C32 12,116 26,682 18,266 12,883 12,759
9>alveston
2,318
Bab. Pass, &c.
Rew Orleans... 14,346 19,217 16,811 18,823 12,341 10,265
409 3,040 1,118
726 2,943 1,842
Mobile...
Pensaoola, Ac.
Savannah......
,
.
16,358
strengthening factors. The believers in a large yield from
the present crop place no importance
in
the falling
310
53
1,172 off in the receipts experienced the past fortnight, claim509
46
Phlladel'a, At
ing that the smaller movement of the crop is due
Tot. this week 45,675 51,419 61,617 56,093 42,871 56,204] 313,879 to
falling
off
in
a
the
demand, exporters being
The following shows the week's total receipts, the total since reported as only limited buyers and the buying
by domestic spinners has continued largely of a hand-toSept. 1, 1902, and the stocks to-night, compared with last year.
mouth character. Weather conditions in the South have
Stock.
1903.
1901.
been quite generally reported favorable for the late growth
Beuipts to
This Sinee Sep. fAit Sinee Sep.
of cotton. During the late trading on Thursday there was a
Oct. 24.
1902.
1901.
vsr.zk.
moderate reaction in prices under speculative selling, based
1, 1902
1, 1901
on the knowledge that a prominent member of the trade,
153,745 185,393
Galveston... 96,533 648,428 119,945 542,262
who has been traveling in the South, would isaue on Friday
8,105
1,573
Sab. P., Ao.
2,318
4,382
X
an estimate of the crop, placing the yield of the cotton crop
Mew Orleans 91,803 422,961 108,989 412,476 189,876 171,710 at 11,200,000 bales. To-day there was a steadier
market.
49,921 13,987
27,505
Mobile
9,878
46,768
29,856 The small 'insight" movement for the week
as compared
15,607
P'saoola,Ao.
1,258
8,819
17,526
with the same week last year had a strengthening influence,
Savannah... 49,828 387,558 71,549 302,619 120,288 104,552 and stimulated buying by shorts to cover
contracts. The
Br'wiok.Ao.
6,863
32,784
4,266
25,233
6,018
5,828 close was quiet at a net gain for the day of 2@7 points.
CotCharleston..
9,091
93,698 15,373
64,772
26,884
19,209 ton on the spot has been quiet and unchanged, closing at
14
......
10
P.Royal.Ac.
•>.....
8*70c. for middling uplands.
14,419
95,790
Wilmington. 16,353 155,304 21,597
29,929
The rates on ana oil middling, as established Nov. 20, 1901,
13
118
28
75
Wash'n, Ac.
by the Revision Committee, at which grades other than
25,264 119,154 36,019 101,108
19,702
Morfolk
29,697 middling may be delivered on contract, are as follows;
629
6,659
590
1,592
Wport N., Ac
Pair
e. 1-14 on
Good Middling Tinged
Even
0-80 on Striot Good Mid. Tlnged.c. 0-20 on
726
1,584
43,236
12,861
5,485
75,210 Middling Fair
New York...
Strict Good Middling
0*50 on Strict Middling Tinged...... 006 off
3,602
25,000
1,823
5,612
9,616
9,000 Good Middling
0-32 on Middling Tinged
012 ©fi
322
2,523
Baltimore .
3,721
2,319
8,879
7,229 Strict Low Middling
0-14 off Striot Low Mid. Tinged
0-34 off
200
68
31
50
322
254
12
1,462
1,823
322
•T.
-
...
'
Phlladel.Ae.
1,172
4,225
1,142
4,853
313,879 1,952<245 420,447 1,650,822
Totals
5,514
5,981
633,201
673,127
In order that comparison may be made with other years,
totals at leading ports for sis seasons
we give below the
Rieeipit
at—
Salves'n,Ac.
Orleans
New
Mobile
Savannah...
1902.
Norfolk.....
N. News, Ao.
All others...
629
690
12,164
30,797
1898.
1899.
1900.
121,518
96,637
108,989 110,014
13,987
6,856
71,549
44,871
9,091
15,378
12,338
16,366
21,625
11,612
25,264
36,019
15,743
Wllm'ton.Ae
lnoe
1901.
98,856
91,803
9,878
49,828
Ohas'ton, Ao.
lot. this
•
862
20,069
wk. 313,879 420,447 319,002
79,733
66,978
8,499
32,261
13,143
15,599
14,250
117,250
74,860
13,647
71,792
24,710
20,444
32,961
206
798
13,766
50,921
1897.
88,002
101,500
14,135
63,243
43,681
19,410
25,855
818
17,493
.
244,435
407,383
374,137
The exports
for the week ending this evening reach a total
of 224,136 bales, of which 112,175 were to Great Britain, 44,480
to France 67,481 and to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1902.
Oct. 24, 1902.
From Sept.
Exported to—
Msporti
item—
Cmii-
Brit'n.
n*nt.
Wt4k. Bnitin
18,787
86,666
51,229
13.700
29,230
23,345
«02,522
16.198
68,773
111,669
4,161
1.006
1,000
6,208
13,693
12,699
86,690
4,211
76,274
140,767
82,266
419,663
3,890
247,611
il,550
14,249
163,752
6,860
212,828
26,825
27,856
19,465
1,211
.
11,918
10,487
22,366
21,063
5»t8i
ttcmi.
9,300
7,388
Charleston
Port Royal...
Wilmington..
Norfolk
N'port N„ Ao.
Oonti-
68,677
121,975
500
21,886
8,242
4,698
600
Boston
1,800
1,800
Baltimore....
Philadelphia.
Ban Fran.. Ac
3,608
1,200
4,808
19,936
6,851
1,697
56
1,663
11,026
1,050
12,076
9,644
9,644
20.641
20,541
Total.
rnt*) 1801
5.58B
50
4,001
9,633
5,142
51,248
670
112,175
.
.
67,481 224,186
506,493 160,221
626,675 1,294,889
166.148
105,461 284,846
481,258 126,644
465,421 1,073,323
oil
off
off
UPLANDS.
Sat.
Stood Ordinary....
7-70
8-32
7-70
7-70
8-32
7-70
8-32
7-70
832
8*70
8-70
8'70
902
8'70
9 02
870
9-50
950
Low Middling....
Middling
,
Sood Middling....
Mom Tees W«d
902 902
950 950
Sat. IBon Tsci
Middling Fair.....
GULF.
Tfc
Wed
Low Middling.... ...
7'95
8-57
795
795
8-57
8-57
7'95
8-57
Middling
8-95
8'95
8'95
8*95
Stood Ordinary......
9-27
927
9-27
9-27
9-75
9-27
975
975
Sat.
SI an
Tuei
Wed
Tift.
720
7-20
720
820
8*20
8-36
8-70
8-70
7-20
8-20
8-36
8-70
,
Striot
Low
ra
,
Middling Tinged...
Stood Middling Tinged
8-20
8-36
870
836
8-57
895 895
975
Middling. . ...
902
950
795
9*27
Low Middling
832
795
857
975
STAINED.
W*5.
Fri
Stood Middling.......
720
8-20
8-36
870
9'75
Fr»,
7-20
8-20
836
8-70
The quotations for middling upland at New York on
Oct. 24 for each of the past 32 years have been as follows
1902.
o. 8-70
1894. ...0. 5?8
1886
0. 9^4
1878....C. 9%
1901
.115 16
1893
1877
8%
1885...... 9%
83s
1900...... 97 1B
1892
1884
„ 8&ie
S\ 1876... ...lO^
75 16
1899
1891...... 87 18
1883
1875
105s
143ia
57 16
1898
.10?8
1890......103 ia
1882
1874
14%
1
1897
1881
1889......10 fl
187S
15\
118s
913 18 1880
1896
8
1888.
113, 6
1872
.
19>a
1895
8*3
1887
1879
IS 1*
1871
113s
9"s
Note.—On Oct. 1, 1874, grades of ootton as quoted were changed.
Aeoordlngto the new classification Middling was on that day quoted"
300. lower than Middling of the old classification.
6V
MABKST AND
Spot Market
6,198
600
106 273
12.571
26,787
York....
Middling Stained
0-50
Low Mid. Stained... 1*06
Low Middling Stained
1-50
Strict
On this basis the official prioes for a few of the grades for
the past week— Oct. 18 to Oct. 24—would be as follows.
146,270
4.151
49,888
12,001
New
Good Ordinary...
37,156
3,890
Pensaoola....
. .
1902, to Oct. 24. 1902.
2uia>.
Mobile
Sarannah
Branswlok
1,
Exported to—
er««t
aalreiton....
Bab. Paw, Ao.
Rev Orleans.
0-38 off
0-72 off
1-00 off
Good Ordinary
Middling Fair
Sept. l 1952.245 1650,822 1920,230 1790,797 2269,682 2155,282
Week Endino
. . .
Low Middling
Btriot
Closed.
Saturday
Quiet
Quiet
Tuesday... Dull
Wednesday Quiet
Thursday.. Dull
Dull
Monday
Total
BALES,
FUTURES
MABK.ET
Closed
Sales of Spot
a contbaot
Ex-
Oon-
Con-
port.
sump.
tract.
Soiai.
..
800
1,500
2,300
i*79
Steady
700
800
800
700
800
979
14
1,300
1,314
193
5,100
6,098
B'rly steady.
Very steady.
Quiet
800
.
;
THE CHKONTCLE.
928
Futures,
— Highest, lowest and closing prices at New York.
LXXV
fVOb.
At the Interior Towns the movement— that is the receipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
for the
corresponding period of 1901— is set out in detail below.
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The Visible supply op (Jotton
ex
ib
o
o
made up hy
to-night, aa
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Oct. 24), we add the item of exports from the United States,
including in It the exports of Friday only.
1901.
1900.
1902.
1899.
245,000 152,000 199,000 751,000
16,000
13,000
7,000
2,000
Total Great Britain stook. 258 ,000 159,000 214,000 753,000
took at Hamburg
16,000
- 14.000
18,000
27,000
took at Bremen
89,000
61,000 106,000 111,000
took at Amsterdam
2,000
took at Rotterdam
200
200
200
took at Antwerp
5,000
3,000
4,000
4,000
Stook at Havre.... .... ........
44,000
53,000
42,000
131,000
took at Marseilles....
2.000
1.000
3,000
..
4,000
took at Barcelona
32,000
30,000
17.000
60,000
..
took at Genoa
12,000
5,000
4.000
10,000
•took at Trieste
3,ooo
7,000
2.000
12,000
Total Continental stocks
209,000 172,200 191,200 361,200
Total European stocks..
467,000 331,200 405,200 1.114,200
India cotton afloat for Europe
24,000
17.000
57.000
1.000
Amer. cotton afloat 1 or E'rope. 589,000 652,000 742,000 582,000
Egypt, Brazil, Ac, aflt.f or E'pe
43.000
48,000
31,000
48,000
Btoekfr Alexandria, Egypt."..
In
84,000
96,000
84,000 117.000
Stock In Bombay, India
182,000 165,000 193,000 206,000
took In United States ports.. 633,201 673.127 663,446 843.797
took In U.S. Interior towns.. 427,395 473,193 452,262 610,840
39,599
43,239
43,867
30.507
United States exports to-day..
Total Visible supr-'y
2,494,195 2,493,759 2,671,776 8,553,344
Of the above, totals of American and other descriptions are as follows
took at Liverpool
took at London
bales.
'
American189,000
94,000 144 000 689.000
172,000 129.000 169,000 811, OOO
American afloat for Europe... 589,000 652,000 742,000 582,000
633,201 673,127 663,446 843,797
United States Stock
United States Interior stocks. 427,395 473,193 452,262 610,840
39,699
43,239
43,867
80.507
United States exports to-day.
Total American
2,050,195 2,064,559 2,214,575 3,067,144
Mast Indian, Brcuil, Ac58.000
56,000
55,000
62,000
Liverpool stook
13.000
7,000
15.000
2.000
Londonstock
37,000
43,200
22.200
50,200
Continental stocks
„
17,000
24.000
57.000
1,000
India afloat for Europe
43,000
48,000
31,000
48,000
gypt, Brasll, Ac, afloat
96,000
84,000 117,000
took In Alexandria, Egypt. . . 84,000
182,000 165,000 1 93.000 206.000
Stook In Bombay, India
444 ,ouo 429,200 457,200 486.200
Total East India, Ac
2,050,195 2,064.559 2,214,675 3,067.144
Total American.!
..2,494,195 2,493.769 2,671.775 3,553,344
Total visible supply,
4H la d.
57 32 d.
4-68d.
3»i's2d.
Middling Upland, Liverpool..
97 19 c.
8'70o.
8»80.
Middling Upland, New fork..
7Bie«.
7l 18 d.
6i«d.
6d.
Egypt Good Brown, Liverpool
7Hi 8 d.
77 le d.
6-90d.
7d.
Nom'l.
Peruv. Rough Good, Liverpool
Liverpool stock
Continental stocks
bales.
.
Broach Fine, Liverpool. ......
4%d.
43sd.
Plnnevelly Good, Liverpool...
425 3a d.
488(1.
6l ls d.
Sligd.
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The above totals show that the interior stocks have increased during the week 56.748 bales, and are to-night 45,798
baless less than same period last year. The receipts at all the
towns have been 63,948 bales less than same week last year.
Ovbblano Movement fob the Week and Sinoe Sept. 1.—
We give below a statement showing the overland movement
week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Oct. 24 and since Sept, 1 in the last two years are as follows.
for the
1902.
October 24.
Week.
1901.
Bines
Sept. 1.
Minee
Week.
Sept.
1.
iMppedVia St. Louis.
VlaOalro.
_
Via Paducah . ... .... .... . „„
Via Book Island...
.....
Via Loalsvlhe.... ......
.
Via Cincinnati
_......_
Via other routes, Ac
71,992 23,590
26,609
2,840
21,539
7,126
350
"82*5
5,308
1,893
3,252
15.935
3,116
37.341
8,862
46,509
158,595 44,400
158,651
4,048
11,934 15,960
272
3,031
794
9,126
36,209
4,101
8,175
10,218
._.
Overland to M. Y. Boston, <fcc.
Between Interior towns. ....
Inland, Ac, from Ronth
Total gross overland.
ihipmenU—
—
—
,
Total to be deducted
400
5,841
12,879
9,753
24,684
—
it duet
90,320
15,774
306
745
4,776
3,fl32
5,094
Leavlngtotal netoverland.
24,091
17,026
48,485
41,415
134,604
27.374
110,166
The foregoing shows that the week's net overland movement
year has been 41,415 bales, against 27,374 bales for the
In 1901, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 24,338 bales.
this
week
In Sight and Spinner $'
Takings.
1901.
1902
Week.
Minee
Sept
1.
Since
Week.
Sept.
1.
313,8791,952,245 420.447 1,650.822
Receipts at ports to Oct. 24
110,166
41,415! 134,504 27,374
Vet overland to Oot. 24
louthern consumption to Oct. 24. 40,000 313.000 84.000 263,000
395.294 2,399,749481.821 2,023,988
56,748 364,317, 75,715 343,888
Total marketed
nterlor stooks In exoess.
557,536
Game Into sight during week 452,042
2,367,876
2,764,066
Total In sight Oot 24
Sorth'n spinners tak'gs to
41 16 d.
313 16 d.
Movement
Continental imports past week have been 143,000 bales
The above figures Indicate an excess in 1902 ot 436
bales as compared with same date of 1901, a decrease of 177,580
bales over 1900 and a decline of 1,059,149 bales from 1899.
Week1900-Oct 26
1899-Oct 27
1898-Oot 28
1897-Oot. 29
Oot 24 59.415
320.268
44.5071
241.040
into sight in previous years.
Bales.
471,438
359,488
519.001
.492.484
Since Sept.
1—
1900— Oct 26
1899-Oot 27
1898— Oot 28
1897-Oot. 29
Bales.
2.711,418
2,631.484
3.079,317
2,868,773
.
.
.
—
«
.
October
THE CHRONICLE.
25, 1902.
(Quotations fob Middling Cotton at Othkb Markets,—
Below are olosing quotations of middling ootton at Southern
and other prinoipal cotton markets for eaoh day of the week.
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
ending
Week
24
Oct.
Baltimore
8*e
83,«
8!l6
7*8
8
7*8
8*8
8 3 ie
83 X6
8*8
716 16
8
8-70
7'8
85, 6
7'8
8
8
Olnalnnatl
8-70
8-70
8h«
88,6
8-95
83i»
8
8*8
83,6
8**
788
8*95
I? 1 '
8*8
818
8%
8*
83,
8ifl
S!"
fll«
7%
Rook.
83,fl
8J«
715 18
8
8
8i«
8 l8
83 18
8**
.
W
8»a
715 18
8*8
83 le
83i 6
Houston
Fri.
8
8
8*8
6 3 16
7«8
788
8h6
Louis
83
8
8*8
Memphis
Thurt.
83, a
8-95
83i6
....
8l, e
85,«
8-95
.
Philadelphia
The
8H
83 18
8-70
Little
Wednet.
8>1S
7?8
3
..
St.
Tuee.
8J4
Salves ton...
New Orleans
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
Augusta
Mon.
Satur.
83ie
870
85
8-70
8 5 ,6
16
895
8-95
8*4
8 3 ia
8
8
818
83,«
8*3
76a
8i«
83,6
8>4
7*8
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens.........
.....
8%
I
Columbus, Miss
Eufaula
Atlanta
Charlotte
8*8
Louisville
Columbus, Qa.
7\
Montgomery...
I
7%j
Nashville
7%
Natchez
85,6
7i3 16
Raleigh
Shreveport....
7*8
715..
8
8
New Orleans Option market.—The highest, lowest and
olosing quotations for leading options in the New Orleans
ootton market the past week have been as follows.
Sat'dau.
Oct. 18.
Monday, Tuesday, Wed'day, TKurad'y Friday,
Oct. 20.
Oct. 21.
Oct. 22.
Oct. 23.
Oct 24.
Range.... 8-09«
Closing
8-io-a
. .
-
-
8-ll»-13 8-07«-10 8-06»-15 8-07^-17 8-12® —
810'912 8 07«-08 8-15®-16 8-08«-09 8'11«-12
,
Deo'beb—
Range
t8'09»-16 8-12*-18
s^ii-a-is s-io^^a 8*13®-25 8*12® 19
Closing... 8-I6®-17 8*16«-17 8-12®-14 8-21*-22 8'14*-15 8-18«20
,
Januabt—
. .
8'15«-21 816»-24 8-16®'23 8-15»-27 8-18®-30 8-16»-24
8-2ua>-2i 8-21®-22 8-17-9-16 8*26®-27 8 , 18'»-19 8-23«-24
. .
8-21®-27 8-22®-29 8-21«-29 8-21-9-32 8-23«-35 8-22®-29
8-26®-27 8-27»-28 8-233>-24 8-31'3>-32 8"24®-25 8'28®-29
Range
Mabch—
Range
Closing
MAr-
8-299-31
Range
Closing
.
.
Spots
Options.
826W33
3-27®-30 8'26®-36 8'28t»-39 8-27»-34
8-30»32 SMl'3-32 8-27«-28 8'35®-36 8-28»-29 832®-34
.
Tone—
of the week, to the extent of forty-two hundredths of
inch.
The thermometer has averaged 69,
an
Columbus, Mississippi.—There has been no rain during the
week. The thermometer has raDged from 49 to 75, averaging 62.
Vicksburg, Mississippi. The weather has been favorable
for picking. We have had only a trace of rain the past week.
The thermometer has averaged 70, the highest being 81 and
the lowest 56.
Meridian, Mississippi.— Ideal growing weather during the
week. The second growth is now opening.
The weather continues very favorGreenville, Mississippi.
—
—
able.
Little Rock,
Arkansas.— Dry weather has prevailed all the
for gathering and maturing crops.
The
thermometer has ranged from 58 to 80, averaging 67.
Helena, Arkansas. The weather has been fine for the
gathering and maturing of cotton. We have had no rain the
past week but it now threatens. Average thermometer 66,
week— favorable
—
highest 81, lowest 51.
Memphis, Tennessee.—The weather has been fine for the
gathering and maturing of the crop. It has been dry all the
past week. The thermometer has averaged 67 "6, the highest
being 79 -2 and the lowest 56.
Nashville, Tennessee. It has been dry all the week. The
thermometer has averaged 65, ranging from 51 to 80.
Mobile, Alabama. The weather has been favorable during
the week, with rain on two days, the precipitation reaching
one inch and one hundredth of an inch. The thermometer
has ranged from 50 to 82, averaging 68.
Montgomery, Alabama.—The weather has been warm and
have had rain on two days of the
perfect for picking.
week.the rainfall reaching twenty- five hundredths of an inch.
Average theremometer 67, highest 81, lowest 49.
Selma, Alabama.— The top crop is beginning to open.
have had rain on one day of the past week, the rainfall being
seventy hundredths of an inch. The thermometer has averaged 70, the highest being 87 and the lowest 48.
Madison, Florida.— Rain has fallen on two days of the
week, to the extent of seventy-eight hundredths of an inch.
Average thermometer 71, highest 86, lowest 60.
Savannah, Georgia. The week's rainfall has been fortyoae hundredths of an inch, on two days. The thermometer
has averaged 68, ranging from 51 to 82.
Augusta, Georgia.— We have had rain on one day during
the week, the rainfall being one hundredth of an inch.
The thermometer has ranged from 45 to 82, averaging 65.
have had rain on one day
Charleston, South Carolina.
during the week, to the extent of six hundredths of an ioch.
The thermometer has averaged 68, the highest being 79 and
the lowest 54.
Stateburg, South Carolina.— Conditions continue very favorhave
able for the gathering and maturing of late crop.
had only a trace of rain during the week. The thermometer
has averaged 66, ranging from 47 to 82.
Greenwood, South Carolina. It has been dry all the week.
The thermometer has ranged from 48 to 77, averaging 62.
Charlotte, North Carolina.— Cotton is being marketed rapThere has been no rain during the week. Average
idly.
thermometer 60, highest 78, lowest 42.
The following statement we have aiso received by telegraph,
showing the height of the rivers at the points named, at
'8 o'clock Oct. 23, 1902, and Oct. 24, 1901.
—
—
We
Octobbr—
Closing
929
Easy
Steady.
Steady.
Steady.
Steady.
Quiet.
Firm.
Steady.
Easy.
Steady.
Weather Reports by Telegraph. — Advices
to
Steady.
Steady.
us by
telegraph from the South thisjovening indicate that gener
ally the weather has been very favorable for gathering the
crop during the week. There has been little or no rain in
most districts and the temperature has been quite satisfactory, consequently picking has made rapid progress as a rule.
Galveston, Texas.—There has been rain on one day of the
week, to the extent of three hundredths of an inch. The
thermometer has averaged 71, the highest being 78 and the
lowest 63.
Abilene, Texas.—There has been only a trace of rain on one
day during the week. The thermometer has averaged 70,
ranging Jrom 54 to 86.
Brenham, Texas.—The week's rainfall has been five hundredths of an inch, on one day.
The thermometer has
ranged from 52 to 83, averaging 68.
Corpus Christi, Texas.—
have had rain on one day dur
ing the week, the precipitation reaching fifty-two hundredths
of an inch. Average thermometer 74, highest 84, lowest 64.
Cuero, Texas. We have had rain the past week to the extent of thirty-five hundredths of an inch, on one day. The
thermometer has averaged 70, the highest being 85 and the
lowest 54.
Dallas, Texas. There has been rain on one day during the
week, the rainfall reaching thirfy-eight hundredths of an
incb. The thermometer has averaged 67, ranging from 48
We
—
—
to 86.
Henrietta,
Texas.— We have had no rain the past week.
The thermometer has ranged from
57 to 85, averaging 71.
Huntsville, Texas.— It has been dry all the week. Average thermometer 66, highest 82 and lowest 50.
Lampasas, Texas.—
have had no rain during the week.
The thermometer has averaged 66, the highest being 85 and
We
the lowest 46.
Longview, Texas.— It has rained on one day of the week,
the rainfall being fourteen hundredths of an inch. Average
thermometer 66, ranging from 49 to 82.
Luling, Texas— Dry weather has prevailed all the week.
The thermometer has ranged from 52 to 84, averaging 68.
Palestine, Texas.—
have had rain on two days of the
past week, the rainfall being seventy hundredths of au inch.
Average thermometer 69, highest 82 and lowest 56.
Paris, Texas.— We have had rain during the week to the
extentof thirty hundredths of an inch, on one day. The thermometer ^has averaged 49, the highest being 86 and the low-
We
est 51.
San Antonio, Texas.— We have had only a trace of rain on
one day of the week. Thermometer averaged 69, ranging
from 54 to 84.
Weatherford, Texas.—We have had no rain the past week.
Tne thermometer htg ranged from 53 to 82, averaging 68.
Texas.— It has rained on one day of the week, to
the extent of two hundredths of an inch. Average thermometer 64, highest 91 and lowest 38.
New Orleans, Louisiana. There has been rain on two day
We
—
—We
We
—
Oct.
23, '02. Oct. 24, '01.
Feci.
Hew Orleans
Memphis
BTashvllle
Shreveport....
Vicksburg
Feet.
6-5
91
40
20
3 4
a-i
9
0-5
154
.......Above lero of gauge.
.......Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
1-9
Movement from all Ports. —The
India Cotton
reoelpta
of ootton at Bombay and the shipments from all India ports
for the woek ending Oct. S3, and for the season from Sept, 1
to Oct. 23 for three years have been as follows:
Sine*
Week.
Week.
Sept. 1.
3,000
1900.
1901.
1902.
fttccipl* at-'
20,000
9,000
For the Week.
Since
Sept. 1.
70,000
Week.
3,000
Sinee September
Stnee
Sept. 1.
27,000
1.
Muporte
from—
Great
Britain.
Continent.
Total.
1,000
3.000
3,000
12,000
3,000
3.000
13,000
1,000
1,000
(treat
Britain.
Continent.
total.
Bombay—
1902
1901
1900
Oalousta—
1902
1S01
1900
17,000
16,000
50,000
18,000
16,000
60,000
5,000
3,000
5,000
1,000
10,000
5,000
3,000
r>,000
Madras—
1,000
1,000
1,000
2.000
1,000
1,000
2,000
1,000
2,000
1,000
2,000
1902
1901
1900
2,000
1,000
2,000
17.000
17,000
15,000
17.000
17.000
16,000
6,000
5,000
14,000
6,000
5,000
15,000
40,000
38.000
71,000
41,000
38,000
82,000
4.U others
1902
1901
1900
1,000
Kerrville,
—
total all—
1902
1901
1900
,
i'ooo
1,000
11,000
—
—
CHRONICLE.
THJE
930
ALEXANDRIA REOBIPTB 4ND SHIPMENTS OS COTTON
Alexandria JSaVPi,
1»02.
October 22.
Receipt* (cantars*) Thle week
Since Sept. l
21>oooo
315,000
1,266,000
IMS
Since
Sept. 1.
week.
Sept. 1.
Tkis
week.
Sine*
Sept. 1.
Exports bales)
<
16.000
13,000
58,000 12,000
37,000 12,000
35.000 11,000
52.000 5,000
33,000
29,000
129,000
Total Europe
*
90,000 24,000
87,000 16,000
62,000
A oantar Is 98 pounds,
t Of which to America
n 1900, 5,262 bales.
In 1902, 7,480 bales; In 1901, 7,250 bales;
M&N0E38T3B Mabket,— Our report received by cable
to-night from Manchester states that the market is firm
for yarns atd steady for shirtings. Manufacturers are generally complaining.
give the prices for to-day below
and leave those tor previous weeks of this and last year for
We
1902.
%H
32* Oop.
1901.
Shirt-
common
to finest.
s.
a>83 16
26 73ie»8J«
d.
5
5
5
d.
d.
7H
lbs.
ings,
Twist.
3
s.
Ootr*
8 1* lbs. Skirt- Oott'n
Mid. 32« Oop. ings, common Mid.
Twist.
Uplds
to finest.
lipids
d.
d.
d.
a.
©7 9
2ki07
2ia©7
Oct. 3 73i8*8iie
'• IO 7 3 i«*8l
5 2>s97
lfl
« 17 73 «>81
19
16 5 2>9»7
" 24 73j g <*8lie 5 2»»»7
•'
s.
©S^
5Je 7»e
5
429 89 7
©8
5
4-84 7
©8 5
4-78 7*4
5
4-72 76 le ©83i8 5
4-68 7»e ©8
5
9
9
9
9
9
©8^
d.
a.
d.
d.
©8 2
4 n i«
3 ©8 Us 4«8
3 ©8 l>s 4.H
431„
4 ©8 3
429 S2
4^98 3
2
3^08
4"16
3
EXPORTS OP OOTTON GOODS FROM liKEAT BBITAIN.— Below
give the exports of cotton yarn, goods, &c, from Great
Britain for the month of September and since October 1 in
1901-02 and 1900-01, as compiled by us from the British Board
we
of Trade returns.
movement
the
regular
Generally fair weather prevailed over the greater part of the ootton
region throughout the week. The only rain worthy of mention fell
over portions of Louisiana, Mississippi, Alabama and Georgia. The
weather has been generally favorable for ootton picking, except that
there was a slight delay in a few localities as a result of scattered
showers. Picking is well advanced, nearly completed in many sections, and in some localities is oompleted. In Texas picking of all
ootton is practically finished, and there is no ohange is prospect for a
top crop. Frost oconrred early in the week over the northern part of
the cottonjbelt, but no material damage Is reported.
&c—
Jute Butts, Bagging,
The market for jute bagging
has been dull during the week under review, but prices are
unchanged at 6c. for \% lbs. and 6%c. for 2 lbs., standard
grades. Car-load lots of standard brands are quoted at &%@
6%c. f. o. b., according to quality. Jute butts also dull at
l/i@lMo- for paper quality and 2@2J^c. for bagging quality.
Mr. Buston's Cotton Estimate,— Mr. Arther J. Buston,
who has just returned from bis annual tour of
the Southern States, made public on Thursday the result of
of Liverpool,
comparison.
8p. 19
— The
Report
summarized as follows:
220,000
771,000
1,043,000
Since
Tkis
week.
Government Weekly Cotton
weekly cotton report as issued by the Climate and Crop
Division of the U. S. Weather Bureau through the New
Orleans Weather Office for the week ended October 20 was
1900
IS >01
LXXV.
[Vol.
It will be
all to
noticed that
we have reduced
pounds.
his investigations. He says, in part:
I am convinced that the damage done has been greatly exaggerated.
The crop has suffered in Texas from the Mexican weevil, boll worms
and drought in some sections. The crop as a whole Is an average one.
*
*
* * I estimate this orop at 11,200,003 bales, which must be
largely increased if the present weather continues for another ten
days.
Shipping «ews,-as snown on a previous page, the
•xportsof ootton from the United States the past week have
seaohed 224,136 Dales. The shipments in detail, as made up
from mail and Belegraphlo returns, are as follows:
— Cym-
Total bales.
New York—To Liverpool,
ric.
per steamers Cevio, 3,398
5,048
1,050
To Manchester, per steamei Canning, 500 upland and 34
534
50
Sea Island
To Havre, per steamer La Touraine, 50
To Bremen, per steamers Grosser Kurfurst, 1,900
—
Kronprlnz, 101
2,001
Lbt.
78,986
79,208
77,402
98,791
88.107
93,848
111,808
92,948
Tot.lst quar.
63,676
45,002 1.876,002 1,209,258 263,768 329,898
812,199
274,898
January
90,763
80,191
79,162
113.69*
107.958
800
Kararaania. 600
To Genoa, per steamers Aller, 200
1,200
Karamanla, 800
To Naples, per steamers Aller, 400
Nrw Orleans -To Liverpool -Oot. 15 -Steamers American,
Oct. 20-8teamer Texan, 4,379 29,230
16.351; Senator, 8,000
To Havre -Oct. 18— Steamer Concordia, 6.290. ...Oct. 20—
20,516
8teamer Monarch, 14.. 226
2,829
To Dunkirk— Oct. 22— Steamer Naparima. 2,829
Tower, 8,405
8,405
To Bremen-Oct. 18-8teamer Eiffel
2,543
To Copennagen— Oct. 23— Steamer Texas. 2,543
4,900
To Baroelona— Oot. 18— Steamer Martin Saenz, 4,930
350
To Vera Cruz -Oot 12 -Steamer Hugln, 350
Galvf.hton—To Liverpool— Oot. 10 Str. Civilian, 23,209....
Oot. 21— Steamer
Oot. 17 -Steamer Yucatan, 4,674
90.029
101,499
95,867
95,097
42,534
Inkum, 14.651
To Manchester -oot. 21— Steamer Meroedes de Larrinasra,
Ta-rnAThread
Cloth.
Total of All.
000* omitted
1901-02 1900-01
Lbt.
18,691
October
November... 17,481
December... 17,52*
1901-02
1900-01
Yds.
Lbt.
Ydi.
14,821
442,171
14.636
432.475
15,546
601,856
1901-02 1900-01
Lbt.
83.189
81,330
385,486
418,632
407,185
91,284
1901-02
Lbt.
101.880
1900-01
Lbt.
....
18.098
17,193
February...
18,325
16,876
607,812
439,781
Marcb
16,880
15,946
450,068
Tot. 2d quar
61,231
48.814 1,397,661 1,329,044 262,841 250,106
314,132
298,920
TotalOmos
101,967
93,816 2.773,863 2,639,197 521,594 480,002
628,551
578.818
482.638
426.419
420,892
96,498
88.701
84,639
.
April
18.748
18,615
486,573
May
June
16,522
13,120
15,118
18,901
427,725
898,376
Tot. 3d quar
48.390
.
TotalOmos.
418,480
420,598
91,504
78,699
110,262
96.814
80,187
73,978
79,097
98,959
94.215
79,771
87,098
98.678
45,634 1,807,671 1,263.261 245,919 237,667
291,301'
888,201
153,347 139,450 4,081,337 8,802.458 767,613 717,609
920,860
867,019
424,183
July
14,717
18,442
August
16,507
17,361
438,943
454,398
September..
16,034)
18,298
422,686
Tot.lth quar
47,863
62,091 1.315.926 1,396,408 217.171 202,41
477,819
476.289
442,300
82.647
89,858
89,882
97,261
101,960
108.800,
85,463
79,471
83,178
96,110
99,476
296.384
314,609
Total year.. 201.210 191,011 5,397,263 5,197,806
s-
106,783
979,987 1,216,194 1,171,528
Stooklnee and socks
916
31,861
8undry articles
Total exports of cotton manufactures..
1,040
29,086
1,218,978 1,201 054
*
1,014,984
The foregoing shows that there has been exported from the
United Kingdom during the twelve months 1,248,973,000 lbs.
of manufactured cotton, against 1,2)1,854,000 lbs. last year, or
an increase of 50,239,000 lbs.
A further matter of interest is the destination cf these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
oountries during September and since October 1 in each of the
BXPORT8 OP PIBOB OOOOS AND TARNS TO PRINCIPAL OODNTBIEt
SETTEMBKB AND FROM OCT015BR 1 TO SBPTBMBBR 30.
September.
Piece Goods— Yards.
(000s omitted.)
1902.
Mast. Indies
Turkey, lCgypt and Africa...
China and Japan
Burope (except Turkey)
South America
North America
411 other oountries
Total yards
Total value
1901
199.512
44,026
80,197
61.545
86,8*8
26.8-9
Oct. 1 to Sept. 80.
1900.
1901-02.
1900-01.
1
422.685 442,300 886,374 6,898,868 5,200,389 5.180,649
£4,3,6 £4,548 £4,070 £65,762 4 55,851 £62,217
Oth. Burope (except Turkey
Bast Indies
China and Japan
Turkey and Egypt
41! other oountries
Total lbs
Total yalue
3,279
1,766
1.762
*,0U2
2.678
607
1,935
1,816
1,098
2,286
1,334
1,758
1.252
14,471
13,846
11,888
i«i7
£638
11,113
680
25,936
18,848
26.918
82.690
26.479
87,305
12.521
19.949
14,727
26,572
82,614
26.818
85.947
17,872
18,39*
18,062
189,514
£7,505
100.589
£7,884
175,174
2H,S3ii
28.266
32.8118
11, 1-05
23.41(2
13,700
7,744
1,105
401
9,437
1.000
Ball, 2,950
7,385
3,019
To Bremeu-Oot. 24— Steamer Ball, 3,019
To Hamburg-Oot, 17-Steamer Myrtledene, 900
To Reval-Oot. 22— Steamer Tynedale. 1,050
To Antwerp-Oet. 22— Steamer Tynedale, 100
To Gottenburg-Oot. 17— Steamer Myrtledene, 100
Oct. 22
900
1,050
100
300
Steamer iTynedalc, 2 JO
150
To Riga— Oot. 22 -Stermer Tynedale. i50
200
To Norrkoptng Oot. 17— Steamer Myrtledene, 200
439
To Oporto-Oot. 22 -Steamer Tynedale, 489
inuNSWiOK— To Liverpool— Oot. 24 Steamer Dulcle, 1,911.... 1,911
2,300
To Manchester Oot. 24-8teamer Duloie. 2.300
Wilmington—To Liverpool— Oot. 23— Str. Devonshire, 11,918. 11,918
10,437
To Bremen -Oot. 18 -Steamer Valetta. 10,437
Boston -To Liverpool— Oot. 17— Steamers Ivernla, 1,55 D;
1,800
England. 200
Kansas, 50. ..Oct. 2l-Steamer New
3,608
Baltimore— To Liverpool -Oot. 17-8tr. Ulstermore, 3,60d
1.20O
To Bremen Oot. *z3— Steamer Main, 1,200
610
Philadelphia—To Liverpool -Oot. 17— Str Balgenland. 610..
987
To Manchester— Oot. 15— Steamer Planet Neptune, 987
56
To Antwerp -Oot. 21— Steamer Switzerland, 56
900
«an FBANOisoo— To Japan— Oot. 22— steamer Coptic 90 J
7,261
Seattle To Japan— Oot. 22— Steamer Iyo Mam, 7,261
1,433
Taooma—To Japan— Oot. 21— Steamer Glenogle, 1,483
'
-
~
Exports to Japan since Sept.
the Pacific Coast.
Cotton freights at
as follows.
1
New York
Satur.
Liverpool. .......c.
Hamburg
c.
12
12
15
17 1«
15
24
18
1,314
1.877
24— Steamer
land and 330 Sea Island ...Oot.
upland and 400 Sea Island
(OOOj omitted.)
3,260
1.851
2.085
2,917
18-
Oct.
Steamer Gloamin, 7.648
Tarns— Lbt.
Holland...
Germ any
6,052
have been
224,136
20,541 bales
the past
from
week have been
189fc-C0
182,629 2,317,086 8,484,341 2,211,121
66,818
907.100
885.624
715.7*1
19,4
731,290
454,005 690,158
21,087
321,291
2-11,516
297.108
40,177
412,109
435,829
480,6f4
24.H27
298.226
287,858 344 547
31,970
412,981
870,487
414,899
27,'768
,
IN
Istrar,
To Breinen-Oot. 22— Steamer Allendale, 7,741.
To Hamburg -Oot. 22 -Steamer St. Dunstan, 1,105
To Copenhagen— Oot. 22— Steamer Normannia, 401
ToGenoa-Oct. 15— Steamer Lodovioa, 9,487
pt&kbacola—To Hamburg— Oot. 22-Steamer Salopla. 1,000...
Savannah—To Havre— Oot. 22 -Steamer fynedale, 3,705 up
Total
last three years.
11,695
"...
11,695
To Havre-Oct. 17— Steamer
£7,992
Beval, lndlreot.c.
Keval, via Canal c
e.
Baroelona
Japan
(via SueD.e.
26
30
35
20
30
40
Mon.
Tuss.
12
12
15
12
12
17J*
17 1*
15
21
15
15
Wednes. Tknrs.
12
12
15
12
12
15
17>«
17»«
Fri.
12
12>«-15
15
17*
15
15
21
21
15
15
26
26
26
26
30
30
30
30
30
32»«-35 32V35 32><-35 33»«-35 32i«-35
20
20
20
20
20
30
30
80
30
30
S7i*-40 37»«-40 37*«-40 37»«-40
40
15
21
15
Quotations are cents per 100 lbs
15
21
15
26
—
—
.
.
October
.
THE CHRONICLE.
25, 1902,]
Liverpool.— By cable from Liverpool we have the following statement of the week's cables, stocks, &c, at that port,
Oct. 10.
Oct. 3.
sales of the
week
52,000
3,000
1,000
42,000
8,000
51,000
258,000
211,000
46,000
42,000
169,000
154,000
bales.
Of whioh exporters took...
Of whioh speculators took.
tales American
Actual export.. ...... .........
•
Forwarded
Total stook— Estimated.......
American— Est'd
Of which
Total import of the week.....
Of whlefe American.....
Amount afloat..........
......
Oct.
64,000
17
Oct.
56,000
1,700
1,500
1,200
50,000
1,700
1,100
42.0C0
9,000
68,000
245,000
189,000
89,000
74,000
255,000
222,000
100
55.QOC
3,000
57,000
228,000
175,000
30,000
16,000
207,000
178,000
24
47,000
6,000
82,000
234,000
180,000
94,000
77,000
215,000
193,000
Of which American........
The cone of the Liverpool market for spots and futures
each day of the week ending Oct. 24 and the daily closing
prioe s of spot cotton, have been as follows
^^
Sat'Aay.
Spot.
Market, )
18:30 p. M.J
Mld.Upl'ds.
Monday. Tuesday. Wed'day. Thurtd'y Friday
Quiet.
Moderate
demand.
Easier.
4-74
470
474
4-68
8,000
7,000
8,000
8.000
500
500
7,000
500
500
500
Easier.
Moderate
demand.
Qnlet.
4-72
4' 74
6,000
500
peo.&exp.
futures.
Steady
at
.
.
Steady
at
Qnlet at
Qnlet at Steady at Qnlet at
931
Indian corn futures nave continued to receive considerable
speculative attention but the course of prices has been irregular. Prices for the near by deliveries have declined.*
According to the advices received from Chicago the interests
in that market that were contemplating a squeeze of December contracts have abandoned the idea, and have sold out,
the statement being made that country acceptances were too
large and receipts were increasing too fast to make the prospective deal profitable. Prices for May contracts, .however,
yielded only slightly in the face of the weakness of the market for the near-by positions; consequently there has been a
slight narrowing of differences. The weather during the
week has been reported favorable for corn, which is reported
drying slowly, with farmers ready sellers when their crops
are in fit condition/ The spot market has been lower, and a
moderate export business has been transacted at the decline.
To-day prices advanced early on shorts covering, but tne advance was not maintained. The spot market was fairly active at slightly
lower prices.
DAILY OLOSrae PBIOBS OP HO. 2 MIXED
Mon.
Sat.
70
69%
Cash corn f. o. b
69
67%
Oct. delivery in elev.
65
Nov. delivery in elev.... 65%
Dec
May
delivery in elev
» NEW VOKE.
Wed.
68
68
66%
64%
56%
48%
56%
48%
58%
49%
dell very In elev
0ORH
rue*.
66
64
56%
48%
Thurs.
**«.
67 7s
07%
66%
56 7s
48 7e
56%
48%
66%
63%
DAILY OLOSIHO PBIOBS OP HO. 2 MIXED OOBH IH CHICAGO.
Sat.
Mon. Tuts.
Wed. Thurs.
M.
56
58
57
60%
56%
Oct. delivery in elev
57%
51»8
50%
515a
43 7s
43%
43%
43%
Oats for future delivery at the Western market have reSteady at Quiet at Steady at
Qnlet at
Market, { Easy at liS 2 pts. Easy at 1@2 pts. 3@4 pts. 1@2 pts.
1 pt.
2 pts.
ceived comparatively little speculative attention and there
4 P. M. $ decline. advance. decline. decline. advance. deollne.
has been a gradual sagging of prices. The movement of the
The prioes of futures at Liverpool for eaoh day are given crop has been on a fairly liberal scale and this has prompted
below. Prioes are on the basis of Uplands, Good Ordinary freer offerings. Locally, the spot market has been moderclause, unless otherwise stated,
ately active, but at declining prices. To-day the market
BF* The prices are given in pence and \00th. Thus: 4 67 means was quiet and easier.
Market
i
opened,
v
lpt.
decline.
2 pts.
1 pt.
advance.
advance.
8@4
2 pts.
decline.
pts.
4 pts.
decline.
advance.
53%
44%
Deo. delivery inelev
May delivery
in elev.
513e
505b
43%
-
NEW YORK,
4 b?-100d.
Sat.
Oct.
18.
Moil.
Oct. 20
Tues,
Oct. 21.
Wed, Thurs.
22
Oct.
Oct. 23.
Frt.
Oct. 24
12% 1 12i« 4 12% 4 12% 4 12% 4 12% 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
October.... 4 56
Oct-. Nov.... 4 49
4 45
Nov.-Deo.
4 44
Deo.- Jan
Jan.-Feb... 4 44
4 44
Moh. -April. 4 44
April-May.. 4 45
May-June 4 45
Jane- July.
July- Aug..
Aug.-Sept
Feb.-Moh.
d.
4 55 4
4 47 4
4 44 4
4 43 4
4 43 4
4 43 4
4 43 4
4 44 4
4 44 4
d
58 4 57 4
50 4 49 4
46 4 46 4
46 4 45 4
45 4 44 4
45 4 4514
45 4 4514
45 4 45 4
45 4 45 4
d.
57
50
46
46
45
45
45
45
46
d.
d.
d.
d.
4 56 4 54
4 49 4 47
4 45 4 43
4 44 4 42
4 44 4 42
4 44 4 42
4 45 4 42
4 45 4 48
145 4 43
d.
d.
d.
4 55 4 59 4 58
4 47 4 51 4 51
4 44 4 48 4 47
4 43 4 47 4 46
4 42 4 46 4 46
4
4
4
4
43
43
43
44
4
4
4
4
4 54 4
4 48 4
4 44 4
4 42 4
4 42 4
46 446 4 42 4
47 4 47 4 42 4
47 4 4? 4 43 4
47 4 47 4 43 4
56
50
56
44
44
44
44
45
45
BREADSTUFFS,
Friday, Oct.
24, 1902
Business in the local market for wheat flour has been
Buyers generally have shown a disposition to hold
quiet.
especially as mills have advanced their limits to conform
with an increased cost of the grain. The few sales made
have been of a jobbing character, buyers confining their
purchases to such supplies as they have been forced to take
to cover well-defined current wants. Although business
locally has been dull, advices from the mills report fairly
good sales. City mills have been firm but quiet. Rye flour
has been held at unchanged prices, but business has been
quiet.
Buckwheat flour has continued quiet. Corn meal has
been quiet and slightly easier.
Speculation in wheat for future delivery has been fairly
active.
Early in the week prices showed a moderate advance, based largely on an anticipated small increase in the
visible supply statement. Contrary, however, to general expectations there was a fair increase for the week in the
amount of wheat, and this prompted selling f orjthe account of
off,
disappointed speculative holders. Weather conditions in the
Northwest were reported favorable for the crop movement;
in fact, receipts in the spring-wheat market were running
large.
Manitoba stocks also were reported gaining heavily,
and these developments, coupled with quiet and easier foreign
advices, together with sympathy with a decline in corn
values, prompted fairly general selling, under which prices
weakened. On Thursday, however, the market again turned
stronger, due to unexpected steadier European advices and
slightly more interest reported shown by exporters in the
spot market. Buying by shorts to cover contracts followed,
and with only scattered selling prices advanced easily, recovering all of the loss during the week. Business for the
week in the spot market has been quiet. Weather coaditions
in the winter-wheat belt have been reported favorable for
the new- sown crop. To-day the market opened higher, but
later turned easier under reports of increasing stocks at interior points. The spot market was moderately active at
lower prices.
elev
74%
74%
73%
73%
74%
73^8
Wed.
Thurs.
fr\.
33
34
33%
36
37%
36%
36% 36%
2 white in elev....„ 37%
DAILY CLOSING PBIOBS OP HO. 2 MIXBD OATS IH CHICAGO.
Sat.
Mon.
Tues.
Wed. thurs, Sr\.
31%
30%
31*3
3138
31
31%
Oct. delivery in elev
3138
31
31»8
31%
313s
Deo. delivery in elev.... Si's
32
32
32
32%
32%
May delivery In elev.... 32%
Following are the closing quotations:
o.
PLOTJB.
Patent, winter.... $3 65
City mills, patent. 4 20
Ryeflour.superflne 3 20
«3 90
94 65
2 75
©3 65
2 75
2 90
Buckwheat flour.. 2 25 -.12 30
.
35
Corn mealTlears
.,~. 3 10
80
Western, etc...... 3 25 »3 35
straights... ......... 3 40
BraDdywlne .... 3 35 ®3 40
atent, spring ... 4 00 t>4 65
(Wheat flonif Sii eaoks sells at prices below those for bnrr«)s.)
OBAUt.
Com, per bush.—
v?he»t, per bust —
e.
o.
c.
HardDul.,Nj. 1.. t. o. b. 8438
Westernmlxed
66 ©67%
ST'thern Dul., No.l f.o. b.82%
No. 2 mixed
f.o. b.67%
t. o. b.70
No. 2 yellow
Red winter No. 3 f. o. b.775s
Hard No. 2
f. o. b.80&8
No. 2wbite
f.o. b.70
Bye, per bushats— Mlx'd, p. bush. 33 035
35%©40%
..52%»54
VV 0-llJO iia*D>a loinaaa*
Western..
State and JaxEey..„..51 955
33%»34%
No. 2 mixed
Barley— West
49 *63
36 ®37
No. 2 white
«2
»2
®2
©3
«3
«3
.$2 60
jPlne.....
^apernae „*.
•oxtra, No, 3 .
Sxtra, No. I
....
,
.
.
65
80
85
20
PeertiKi«
.41 «44
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from figures collected
by the New York Produoe Exchange. The reoeipts at
Western lake and river ports for the week ending Oct. 18,
*nd since Aug. 1. for each of the last three Fears have been:
Receipts
at—
Itieaiio
Allwaaked
Wheat.
Flour.
.
'u;nt&
£lnn«asiol)i9
t'oiado
Detroit
Corn.
Barley.
Oats.
Bye.
Bbls.196 lbs Bush.QO lbs Bush. 56 Jbs Bush.32lbs Bush.481bsBu.56!6s.
607,826
64,200
134,836
990,104
1,60^,825
1,884,310
26,600
27,070
114,835
158,600
707.760
485,200
65,702
424.277
185.000
2,048,119
78,058
46.518
34,660
601,990
3,122,020
565,070
5Urelanfi .
Jt.LionU ...
•or It
Kansas City
71,896
703,813
116,672
93,806
25.800
30,800
263,000
642,400
T0t.Wk.1908
8,500
86,000
17,808
41.860
156,800
151,648
521,476
247,400
241,400
8,193,041
2.488,857
6,160.819
2.954,914
7,003,283
5.036,996
627,680
618.793
434,955
•ame wk.'Oi.
'am* wk.'OO.
Since Aug. 1.
1908
1801
1900
85,105
103,996
163,000
122,685
45,000
8,000
,
5.371,647
5,419,014
6.0£0,234
153.000
26.060
72,000
6,400
8,993,256
2,466,848
3,150,664
1.678,649
4,214,614
2,666,128
283,460
288,330
309,886
81,148,847 20,310,672 64,068,669
89,527,946 35,589,013 43,806,668
89,980.169 46, s 69.785 58,444.130
15,111.470 3.361,930
14,729,336 3,967,973
18.865,988 1,600.055
The receipts of Hour and grain at the seaboard port* for
the week ended Oct. 18, 1902, follow:
B«r««t
£««.
Omts,
asm,
row, wa««s,
itnipti
<«wYork
nt-
bbls.
Boston,
Montreal...
fi'.ladelpMa,..,
Saltlmore
BNEW YOHK
DAILY CLOSING PBIOBS OP HO. 2 BID WTHTEB WHBAT
Sat.
Mon.
Thurs.
tri.
lues.
Wed.
Cash wheat f. o. b
„ 78
78
77 7s
775g
78%
77«b
Dee. delivery In elev
78%
78%
77%
78%
77 7e
78%
May delivery in elev
7858
78
78 78
783s
"S^
77%
DAILY 0LO8XNO PRIOES OP KO. 2 SPBWO WHBAT IH CM5«:AGO.
Sat.
frt.
Hon.
Tuet.
Thurs.
Wed.
Dee. delivery in elev
72%
73
72^
72%
72%
72%
May delivery in
DAILY CLOSING PBIOBS OP OATS IH
Sat.
Mon. Tues.
34
34
Ho. 3 mixed in elev..... 34
aiohmond
*»w Orleang*
.(•wport News
Jaivait.on
"ortland. Me
Pentaoola
Mobile
.,
178,833
55,794
26,503
113 229
112,264
2.192
17,966
14,946
2.161
800
2,000
but*.
879,875
408,678
624.641
405,558
8(8,861
40 060
52li0OO
70,414
414,900
166,000
.'.'.".*..
bush.
69,100
14,867
.
....
17,695
14,698
15,688
4,000
tush.
621.900
100.864
160,604
76,886
63,768
23,320
64.175
20,000
»ush.
24.C00
3,760
48.703
20.000
10,459
tush7o,876
...
...
42.H82
1,777
85.276
6.090
88,113
"s.zk
"4.676
.'.'.".'".'
'.'.'.'.11V.
106,918 210,400
138,993 1,032.385
3,771537
76,048
823,745
6.69,535
2.1SU824 1,006,856
*Beoetpts do not Include grain pa»*:oe thrown Hew Crloans Icr roreisn
* i-tson throneh bills of Itdtrc
Total week.
*«•*
1901
519,2(0
452 176
.
Total receipts at ports from Jan.
follows for four years:
Receipts Of—
to Oct. 18
1
Flour-
bbU.
1902.
16,914,997
Wheat
bnafc. 107,220,328
"
18,982,139
41,184,157
1.80w,095
8,709,037
182,656,481
68,944,373
81,108,804
3,986,753
8,824,251
167.904,761
300,017.061
Corn
Oatl
Barley
"
ay6
"
'
Total grain.
compare
as
1899
l»O0.
17,548,080
1901.
17,718,892
17,806,851
»T.685.8'
82.254,988
6 185
65.891,230
8,541,020
8,238.462
,
2
160,530,290
79,776,984
142,41
8,258618
4,987,674
851.236,213
800,881,879
several seaboard ports for the week
ending Oct. 18, 1902 are shown in the annexed statement.:
The exports from the
Oom,
94.132
2,016
646.198
647,371
Boston
Portland, Mo. 168,000
Pfliiadeipnta.. ssa.aas
88.000
Baltimore
HewOrleant.. 412.C03
Rewo'rt Newi 70,414
517,592
Montreal
Oalreiton
388,200
600
10,620
hush
obit.
110.171
11.647
2.164
72.868
55,418
80.923
14,946
16.877
4,903
300
Pensacola.
3.255
Total week .3,289.008
.
2,000
110.612
Mobile
Ptat,
By*.
hush.
O&tt,
Wlour,
bush.
Hew York
bus*
98.686
77,984
62.230
52,544
4,076
832.031
138,648
49.627
52,544
.
-Flour.-
Exports for
Week Since July
week and since
Oct. 18
1, 1908.
bbU.
bbls.
Sept. 1 toUnited Kingdom 189.689 3.211,446
63,723
816,880
Continent.
O. America.
Wheat.
,
Wait Indie*
Br. N.Am. Colo'*
8,987
22.2ns
6.233
Other ooontrle*
936
803.475
869.896
69.190
216.344
Total
Total 1900-01....
821,711
268.870
5,007,831
4,991,063
Week
Oct. 18
busk,
busk.
2,128.^3t?
8,188,033
1,109,905
1,109.905
.
Sinee July
1902.
busk.
1,
27,950081
22,681,653
5,385
250
1,600
50,462
896,877
8,289.003
2,745,053
50.895.6E6
65,541.628
-Oorn,Wetk Since July
Oct. 18.
1, 1902
busk.
46.597
80.149
but*.
440.135
.00
87.668
295,113
10 *,537
49,788
17,184
15.015
2.418
860 703
110.162 1.21«,84l
833,014 16,105,338
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulate on at lake and
seaboard ports, Oct. 18, 1902, was as follows:
Wheat,
husk.
««*,
butk.
Bmrlst
20,000
13,000
9,000
7 (Mm
1,000
7,00*.
141000
688,00v
674.000
840.00C
94:1000
904,000
186.000
26,000
Philadelphia
Baltimore
Slew Orleani
Oat*,
bush.
1,123,0"°
21.000
77,000
141,00c
441,000
140,000
88.onr>
l,263,oo<
oiton.
Oalreiton
Montreal
Voronto
Oern,
busk.
la iter* at—
Hew York
Do afloat
!>««*
3000
26,000
168.000
13.000
17.000
1886,000
872,0o6
826,000
58.000
343,660
1,107,000
,
Buffalo
101,000
1,038.000
'62,6o6
"1,006
60,000
afloat..
Toledo
00 afloat
Strolt
Do afloat
Chicago
Do afloat
Milwaukee
Do
afloat
453,000
2,000
175 J00
59,000
5,301,000
804,000
2,160.000
2si,o66
86.000
7.0O0
99,000
1,684.000
1,481,000
1,000
474,000
eo.ooc
1,131,000
Minneapolis
1,662000
"l.OOO
3.815.000
6,000
55,0«n
51,000
4 LO.'OOO
St.J.ovli
970,000
48,000
40.000
36.000
77.000
193 000
18,100
62,00"
8.000
677,000
132,000
910,000
'80,000
76,000
603.000
308,000
1/40.000
8,080,000
2,831,000
2,6^6.000
2,685,000
2,510.000
rLWlll'mAPt. Arthur
Dttlnth
Do
afloat
KantaiOtty
1.198,000
779.000
On Mtiitiiippl Blyer
On Lake*
On oanal and rlrer.
.
Total
Total
Total
Total
Total
Oct.
Oct.
Out.
Oct.
Oct.
6,'o"6r
450,000
18, 1903..
11.1902..
19, 1901..
20, 1900..
21,1899..
2,808,000
.
370 000
87,654,000
26.I11.U00
89,393,000
88.313.000
4»,t55.000
8.231,000
2641,000
13,440,000
8 9U.000
14,000,000
Week. Since Jan. X.
Week. 3inee Jan. 1
7,755.000
8.3S6.0O0
8.014,000
12,810,000
6,742,000
„
Great Britain...
other European.....
Uhina
....
India
Arabia.. ...
Af rioa
West Indies
Mexico
_
Central America. ....
South America....
other Countries. ..
51
2
1,080.000
1.865,000
1,017.000
1,063,000
61
30
1,740
99,656
18,642
18,476
9,560
19,432
1,857
8,047
42,917
11,453
1,762
287
563
24
86
467
267
3,897
1,258
81,120
5,274
37,196
8,364
19,377
1,630
5,557
44,629
8,534
232,772
5,232
216,826
992
502
_
—
Total...
8,679
200
1,635
The value of these New York exports since Jan. 1 to date
has been $10,750,201 in 1902, against $9,552,196 in 1901.
The home demand for heavy brown sheetings and drills
has taken off the market moderate quantities for current delivery, but has not put production much further ahead than
it was a week ago, while the operations of exporters have
been on quite a limited scale. Prices are firmly maintained,
Business in denims has baon of late average extent, with
sellers very firm.
Ticks are quiet and unchanged. Plaids,
cheviots, checks and strip es and cottonades also firm with a
steady demand. Stocks of cotton flannels and blankets are
well cleaned up, and prices are easily maintained. There has
been no change in wide sheetings. The orders for bleached
cottons show no change in the character of the demand coming forward, and there is no change in the tone of the market. Kid-finished cambrics and other cotton linings are firm,
Only a limited demand^ is repDrted for fancy prints, with
slignt price irregularities in some quarters.
Indigo blues,
reds, mournings and other staple prints are steady. Business
in ginghams is restricted by short supplies in first hands and
prices are firm throughout. There has been moderate buying
of regular print cloths at So. for spots.
Both narrow and
wide goods are firm, with a quiet demand.
Foreign Dry Goods. The demand for fine grades of
staples and fancies has been on a fair scale, with prices firm.
There is also a firm market for silks and ribbons. Linens
and burlaps are without material change from last week.
Importations and Warenouae Wltbdrawala of Dry Good*
The importations and warehouse withdrawals of dry goods
at this port for the week ending Oct. 23, 1902, and since
January 1, 1902, and for the corresponding periods of last
year are as follows:
THE DRY GOODS TRADE.
Nbw
York, Friday, P. M., Oct. 24, 1902.
Conditions in the general dry-goods market have not un
dergone much change during the past week. The demind
here has been of late ordinary character, whila at Fall
River there has been less business doing than last week, because the demand for spots has abated and sellers are unwilling to contract further for futures at prevailing prices.
In the absence of any decided movement in either inside or
outside factors the day-to-day business has been of a plodding
character.
Buyers willingly pay full previous prices for
immediate deliveries of merchandise, and frequently find
that even thereat there are no ready supplies forthcoming.
At the same time there is nothing like a general disposition
of immediate needs. Sellers are meanwhile
showing no restlessness under this character of buying, aud
in no direction is there evidence of pressure to sell, while
in some, although quotations are no higher than last week,
the tendency is against buyers. There are no complaints
heard as to financial conditions in the trade, collections being
reported regular and satisfactory.
to go ahead
has been only a small attendance
of buyers in this division of the market during the week,
and store trade has been on a limited scale throughout. In
men's-wear woolens and worsted fabrics mail orders have
been light also, and the aggregate results indifferent. The
demand for spring weights has been about relatively divided
between staples and fancies, there being more of the preliminary business done in the former up to date than of the
latter, while in heavy weights there has been so little doing
that the charaoter of the demand hardly calls for notloe.
The general run of staple lines is well sold ahead in both
woolens and worsteds, and prices are firm. In some of the
The general
finest grades the tendency is against buyers.
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Woolen Goods. —There
1901.
Oct. 20.
—
259,000
afloat
Paorla
Indianapolis
1902.
Haw York to
_
55,714
60
20.000
179,904
821,711
.XXV.
1
7.083
1.246
28,113
"
[Vol.
Domestic Cotton Gtoods.—The exports of cotton goods
from this port for the week ending Oct. 20 were 8,679
packages, valued at $155,174, their destination being to the
points specified in the tables below
-Sarin
busk.
70,931
33,883
26,411
79.045
Same tlmo '01. 8,745.058 833.014 258,879
The destination of these exports for the week and since
July 1, 1901, is as below:
Do
:
run of fancies is steady, but occasional lines which have not
sold well show weakness. In bath overcoatings and cloakings the market is quiet. Woolen and worsted dress goods
are firm as a rule, with a fair demand. All-wool flannels and
blankets are in limited supply and firm.
,
Wk»*t,
Mnports from - bush.
Do
w
•
THE CHRONICLE.
932
B. ft
—
»
.
a ?
V,
a
i
m 9
—
M ?
09
O —
M
—
—
October
:
.
THE CHKONICLE.
23, 1902.]
SW£ m®
0»TY ])£f*1iTlffENT.
PUBLISHED WEEKLY.
Terms
of Subscription— Payable in
For One Year, including
For Six Months
all
Advance
$10 00
° 00
------
Id (JO
7 50
European Subscription (including postage)
European Subscription Six Months (including postage)
The Investors' Supplement is furnished without extra charge to
•very annual subscriber of the Commercial and Financial Chronicle.
The State axd City Supplement is also furnished without extra
eharae to every subscriber of the Chronicle.
The Street Railway Supplement is likewise furnished without
extra charge to every subscriber of the Chronicle.
The Bank and Quotation Supplement, issued monthly, is also furnished without extra charg% to every subscriber of the Chronicle.
(8 times)
Citv-improvement bonds for intersection sewering. Nos. 126 to 133, inclusiveDenomination. »600. Date, Oct. 28, ls89. Maturity, Oct. 28, 1909 optional Oct2-1, 1*89.
Payment, Oct. 28. 1902.
City-improvement bonds for intersection sewering, Nos. 134 to 139, Inclusive.
Denomination, $500. Date, Dec. 9, 1889. Maturity, Dec. 9, 1909; optional
Dec. 9, 1899. Payment, Dec. 9, 1902.
1'lty-improvement bonds for intersection paving, Nos. 202 to 225, inclusive.
Denomination, $600. Date. Dec. e, 1888. Maturity, Dec. 6. 1908; optional
;
Dec.
0,
1898.
PaymentJDec.
6,
1902.
Evanston Township (111.) High School District.— Bond
Call.— The Board of Eduoation has called for payment November 1 at the First National Bank of Chicago bonds Nos.
81 to 90, inclusive, of the "third Series," each bond being for
$500. Securities called are dated Sept. 1, 1891, and are now
subject to call.
Jefferson County (P. O. Boulder),
Three Months (13 times)
. .
Six Months
. .
Mont.— Bond Call.—
The County Commissioners oall for payment October 31 at
29 00
Boulder $50,000 6j6 gold
50 00 the office of the County Treasurer at
. .
87 00
Terms of Advertising—(Per Inch Space).
Two Months
the holders of any of the above bonds
expiration of this call, the City Treastheir payment at the Mercantile Trust
but not otherwise.
Council Blnffi*, Iowa.—Bond Call.—F. T. True, City Treasurer, on September 25 gave notice that the interest on the
bonds below will cease on the maturing of the first interest
coupon following the date of notice, payment of bends to be
made at the National Park Bank, New York City
Upon request from
ten days before the
urer will arrange for
Co., New York City,
:
Supplements
Transient matter (each time) $4 20
STANDING BUSINESS CARDS.
933
$22 00 Twelve Mon
(26 times)
lis (52 times)
.S
funding
$500 each.
1 to 100, inclusive, for
31, 1892, and subject to call on Oct. 81,
bonds. Nos.
Bonds are dated Oct.
B. DANA COMPANY, jPublishers,
1902.
Pine Street, corner of Pearl Street,
Warrant Call.— John M.
Multnomah
NEW YORK. Lewis, County County, Oregon.—
Post Office Box 958.
Treasurer, has called for payment oounty
warrants Class 86 drawn upon the general fund that were
presented and indorsed " Not paid for want of funds " from
Bucyrus, Ohio.— Bond Decision.—The following is taken Aug. 31, 1901, to Sept. 5, 1901, both dates inclusive.
from the "Blade" of Toledo
Spokane, Wash.— Warrant Call.— til. H. Eggleston, City
Bucyrus, Ohio, Oct. 17.—The Supreme Court has legalized a bond issue in Treasurer, called for payment Oct. 10, on which date all inBucyrus which has been receiving a great deal of attention. The bonds were
paving bonds, District
terest ceased, Sprague Avenue
Issued for bonus purposes to build a large manufactory. When tae buildings
WILLIAM
:
22 Indiana
Avenue
were partially comoleted an injunction was allowed against the further payment of money. The Supreme Court granted the injunction and ordered the
City Treasurer to refuse payment. The State Treasurer held a big lot of the
bonds, which had been owned by a debenture company, and as its affairs were
being wound up the State wanted the interest due on the bonds it held, aud
began legal proceedings to collect. The cise went through two courts. Both
•raered the payment, but the City Treasurer refused on the ground that the
Supreme Court's order to refuse payment had precedence over the local courts.
The case went to the Supreme Court, and that body has just issued an order
for payment, notonly of interest, but also of bonds due. The work on the factory h»s never been resumed since the injunction was granted and cannot be
under the last ruling of the Supreme Court.
Tipton County (P. 0. Covington), Tenn.—Bond Call.— J.
P. Faulk, Chairman County Court, calls for payment DecemPlanters' Bank of Memphis, county
ber 10 at the Union
bonds " Series D," Nos. 54 to 73, inclusive.
Lexington, Tenn.— Litigation.— The Nashville "Ameri20 contained the following
3ond Proposals and Negotiations thb
can" on September
:
Lexington, Tenn., Sept. 19.— Chancellor Hawkins to-day, at a special term
of the Chancery Court, decided two cases of great Importance to the citizens
of the town of Lexington. They were the cases involving the existence of the
Old and the new corporations of the town.
He decided that the Incorporation of the town under the Acts of 1876, as
amended by the Acts of i8.7, which took place in 1-89, and under which the
town Bad Issued several thousand dollars in bonds, was invalid, and the town
was enjoined perpetually from collecting any taxes with which to pay ofl said
bonds. By this decision the town repudiates a debt of *H0,000. The case was
appealed to the Supreme Court at Jackson, where it will be tried next April.
tn toe other case the Court held that the town of lexiagton was, under the
Act of 19i>l incorporating it, legally incorporated. This Act was attacked as
being unconstitutional. This case was also appealed to the Supreme Court.
No. 1, Nos. 8 to
bonds Nos. 19 to
15, inclusive; also Oct.
27, inclusive.
&
week have been as follows
Adams (Tillage), Jefferson County,
:
N.
Y.—Bond
Offering
•
—Proposals will be received until 12 M., November 1, by th e
Board of Trustees— Fred B. Waite, Clerk—for $3,500 waterimprovement bonds. Denomination, $500. Date, Nov. 15,
1902. Interest semi-annually on January 15 and July 15.
Maturity, $500 yearly on July 1 from 1907 to 1913, inclusive.
Bonds to be sold at not less than par to the persons who will
purchase them at the lowest rate of interest not exceeding
Mississippi.— Constitutional Amendments. Three amend- i%. Certified check or New York draft for 5% of the amount
ments to the State Constitution will be voted upon at the of bid, payable to R. F. Bundy, Village Treasurer, required.
November election. One of these provides for biennial ses- Authority, Section 129, Chapter 414, Laws of 1897.
sions of the State Legislature instead of a regular session
Adrian, Mich.—Bond Issue -Bond Offering.— We are adevery four years with a special session the second year fol- vised that $33,500 of the $50,000 3% paving and sewer bonds
lowing. Another permits counties and municipalities to vote voted last year have been issued up to date, this amount
aid to railroads, provided that no money shall be paid for being, therefore, $2,000 in addition to the $31,500, the sale of
such subscription until completion of road. The third amend- which was recorded in the Chronicle April 26. These bonds
ment relates to the method of amending the Constitution, are issued from time to time as the money may be needed for
and makes the Legislature the final judge as to whether or the proposed improvements, and the city is now ready to disnot the amendment carried.
pose of the remaining $16,500 bonds at par. Denomination,
Ohio. Code Bill Passed— Legislature Adjourns.— On Oct- $500. Date, Nov. 1, 1901. Interest semi-annually at office of
ober 21 the General Assembly passed the new general mu- City Treasurer. Maturity of bonds yet to be sold, $8,500
The
nicipal code, for the framing of which an extraordinary ses- in 15 years, $6,500 in 20 years and $6,500 in 25 years.
The Legislature ad- above represents the only debt of the city. Assessed valuasion was convened on August 25.
journed on October 22.
tion, $4,600,000.
Polk County, Minn. Division of County.— The question
Akron, Ohio,—Bonds Authorized.—-The Citv Council has
of dividing Polk County and of the formation of two new authorized the issuance of $8,000 vapor- light-plant bonds, to
counties Valley and Starr —will be submitted to a vote of bear date of Nov. 29. 1902. Denomination, $500. Interest,
the people at the November election.
Maat not exceeding 5%, will be payable semi-annually.
—
—
turity, $2,000 yearly.
Bond Calls and Redemptions.
Denver, Colo.— Bond Call.— Paul J. Sours, City Treasurer,
payment Nov. 1 at his office the following bonds
calls tor
:
sewer bonds.
Broadway Storm Sewer Dist. No. 1— Bond No. 4».
Capitol Hill Storm Sewer Dist. No. 1— Bonds Nos. 75 to 08, inclusive.
SSub Dist. No. 5 of the Capitol Hill Storm Sewer Dist. No. 1—Bond No. 2.
Sub Dist. No. 18 of the Capitol Hill Storm Sewer Dist. No. 1— Bond No. 3.
Sub Dist. No. 19 of the Capitol Hill Storm Sewer Dist. No. 1— Bond No. 6.
Sub D!»t. No. 20 of the Capitol Hill Storm Sewer Dist. No. 1—Bond No. 6.
Sub Dist. No. 21 of the Capitol Hill Storm Sewer Dist. No. 1 Bond No. 3.
Sub Dist. No. 22 of the Capitol Hill Storm Sewer Dist. No. 1— Bonds Nos. 5
and 6.
North Denver Sanitary Sewer Dist. No. 9— Bonds Nos. 17 to 19 inclusive.
South 8ide Sanitary Sewer Dist. No. 3-Bonds Nos. 81 to 88. inclusive.
Sixteenth St. Sanitary Sewer— Bonds Nos.t7 to 9, inclusive.
PAVING BONDS.
Broadway Paving Dist. No. 2— Bonds Nos. 42 and 43.
Lower Sixteenth St. Paving District No. 1— Bond No.
Colfax Ave. Paving Dist. No. 1— Bonds "Jos. 70 to 73.
Fifteenth St. Paving Dist. No. I— Bond No. 48,
IMPROVEMENT
Alexandria, La.—Bonds Voted— Election to be Contested.
election held September 24 resulted in favor of issuing $25,000 city-hall bonds. Local reports state that there
will be a suit filed to set aside this election on the ground
that a bond issue cannot be voted for without levying a tax
at the same time to pay the interest and principal when due;
also that the election laws of the State were not complied
with in reference to the qualification of voters, as to|!having
—The
12.
inclusive.
B^)NDS.
Logan Ave. Improvement Dist. No. 1— Bonds Nos. 20 and 21
Grant Ave. Improvement Dist. No 1— Bonds Nos. 1 to 4, iuclusive.
High and Race Sts. Improvement Dist. No. 1— Bonds Nos. 1 to 8, inclusive.
GRADING AND CURBING BONDS.
Capitol Hill Grading and Curbing Dist. No. 1— Bonds Nos. 44 to 61. inclusive.
paid their poll tax.
Allegheny, Pa.—Bond Election.— At the general election
Nov. 4 the question of issuing $20,635 Mclntyre Avenue
and $22,000 Chester Avenue paving and curbing bonds will
be submitted to a vote.
Alliance, Ohio.— Bonds Not to be Sold.— We are advised
that the $6,000 4.% and the $900 4* lateral sanitary sewer bonds
described in the Chronicle September 6 and September 27,
respectively, are not to be sold, the property owners having
decided to build the sewers themselves.
Arcadia, Fla.— Bonds Defeated.— At an election held October 6 the proposition to issue $10,000 water-works and $10,000
school-house 5% bonds was defeated.
Ardmore, Inri. Ter.— Bond Sale.— The $175,000 5* 20-year
water, sewer and school bonds voted at the election held October 2 were sold on October 11 to M. L. Turner, President
of the Western National Bank of Oklahoma City, at 103-606.
—— —
—
—
THE CHRONICLE.
934
fVOL.
LXXV.
Atlanta, Ga. Bond Proposition to be Submitted to LegisCasey, 111.— Bond Sale.—The $1,700 6$ electiic-Jight and
lature.— In accordance with the recommendation of the power bonds detcribed in the Chbonicle June 21 were sold
Mayor, mentioned in the Chronicle October 4, the Council some time past to the First National Bank of Casey at par.
has decided to ask permission of the Legislature to place
Castile, Wyoming County, N. Y.— Bond Offering.—Propobefore the voters at the general election in November the sals will be received until 8 p. m., November 10, by Geo. H.
question of issuing $400,000 water-works and $400,000 sewer Bush, Village Treasurer, for $10,500 3%% electric-light bonds.
Authority, Chapter 414, Laws of 1897. Date, Nov. 1, 1902.
bonds.
Audubon County, Iowa.— Bond Election.— An election will Interest, January 1 and July 1 at Kountze Bros., New York
be held November 4 to vote on the questson of issuing $50,- City. Maturity, $500 yearly on July 1 from 1907 to 1927,
inclusive. Certified check for 2% of bonds bid for, payable
000 court-house bonds.
Augusta, Wa. Bonds Authorized. The Council has passed to the above-named City Treasurer, required. This issue
an ordinance authorizing an issue of $56,000 bonds, with in- will be the only debt of the village. Assessed valuation
terest not to exceed 4#, to refund a like amount due Jan. 1, 1902, $343,697.
New bonds will be in denomination of
Central Covington (Town), Ky.—Bond Election.—This
1903, which carry 7g.
Date, Jan. 1, 1908. Interest, semi-annual. Matu- town will vote upon the question of issuing $80,000 sewer
$1,000.
bonds.
rity, Jan. 1, 1983. Bonds are not taxable by the City Council.
Chester, W. Va.— Bond Sale.— The Bond Commissioners
Aurora, Neb.— Bond Offering.—C. P. Whitesides, City
Clerk, gives notice tbat the city contemplates the issuance of on October 18 awarded the $20,000 h% 10-34-year (optional)
from $4,000 to $5,000 bonds for the improvement of the water street and sewer bonds described in the Chronicle Oct. 11
Co. of Cleveland at par.
system. Investors are invited to correspond with the City to F. L. Fuller
Clerk.
Chicago, 111.— Time to Receive Bias Extended.— Proposals
Baltimore, Md.— Bond Election.— At the election,Novem- will
be received until 12 M., December 15 (date chaDged from
ber 4 the question of issuing $1,000,000 3%.% bonds for water
purposes and $1,000,000 3%% bonds for the extension of con- October 31), by L. E. McGann, City Comptroller, for the
duits for underground wires will be voted upon by the people $4,000,000 3%% municipalijcoupon gold bonds mentioned in
of this city.
the Chbonicle May 17, June 28, Oct. 11 and Oct. 18. DeBatavia, N. Y.— Bond Election.— A special election will be
nomination, $1,000. Date, Jan. 1, 1908. Interest semi-anheld October 27 to vote on the question of issuing bonds
nually at the fiscal agency of Chicago, in New York, and at
for a sewer system.
Beaumont, Texas.— Bond Election.—The City Council has the Treasurer's office in Chicago. Maturity, Jan. 1, 1928.
called an election for November 11, when the people will be A certified check for 5% of amount applied|for to accompany
asked to vote upon the following issues
925,000 refunding
bids.
debt, $95,000 additional paving, $75,000 school building, $40,The official notice of this bond offering will be found among
000 city hall, fire station and prison and $75,000 sewerage
bonds.
the advertisements elseivhere in thi* Department.
Belleville School District, N. J.— Bonds Voted-On OctoChicago (111.), Lincoln Park.— Bond Election.— The Park
ber 10 this district voted to issue $13,0CO bonds for school Commissioners nave decided to submit the question of issupurposes. Denomination, $1,000. Interest, not to exceed ing $500,000 park bonds to a vote of the people at the coming
i}4%.
Maturity, $1,000 in ten years and $1,000 each succeed- election.
ing year until principal is paid.
Cincinnati, Ohio. Bonds Authorized.— On October 8 the
Bloomington, 111.— Bond Sale.—On October 17, $27,000 4# Board of Public Service passed an ordinanoe authorizing the
coupon general-improvement bonds were awarded to Deni- issuance of $2,875 49 i% sewer assessment bonds, amount to
son, Prior & Co., Cleveland, at 102-69.
Following are the be reduced if any assessments are paid before date of sale.
bids:
Bonds will be payable in five equal annual instalments. Also
Denlgon, Prior & Co., Cleve.. $27,726 30 W. J. Hayes & Sons, Cleve. $27,294 00 $8,894 4% 1-5-year (serial) Glenwood Avenue sewer-assessTrowbridsre & NlverCo.. Chic. 27,467 00 F. L. Fuller* Co., Cleveland. 27,283 66
ment bonds.
B. Kleybolte & Co., Cincin.
87,484 00 Seasongood & Mayer, Cln
27,241 92
N. W. Hairis & Co., Chicago. 27,426 00 Thompson, Tenney & CrawThe Board of Public Service has also authorized an issue
Farson, Leach & Co.. Chic.
27,421 00
lora Co.. Chicago
27,137 00
of $37,000 bonds under the Longworth Act, which has been
Denomination, $1,000. Date, Nov. 1, 1902. Interest, semi- declared constitutional by the Supreme Court, to replace the
annual. Maturity, Nov. 1, 1922; ontional after Nov. 1, 1912. garbage bonds recently declined by Saasongooi
Mayer of
Bond Hill (Village), Ohio.— Bond Election.— On Novem- Cincinnati, who claimed that the special Act under which
ber 4 the question of issuing $40,000 sewer bonds will be it was proposed to issue the bonds was unconstitutional.
voted upon. E. F. Weiss is Mayor.
Bond Sale.— On October 20 the $200,000 3%% 25-year street
Boone County (P. O. Boone), Iowa.— Bond Election.— At bonds dated July 1, 1902, and described in the Chronicle
the election November 4 the taxpayers will vote upon the Sept. 27 were awarded to Farson, Leach & Co., Chicago, at
question of issuing $15,000 bonds for the erection of a new 102-18. Following are the bids
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county home.
Bradley Beach, N. J.—Bond Election.— An election will
be held on October 31 to vote on the question of issuing $23,800 sewer bonds.
Bricelyn, Faribault County, Minn.— Bond Offering.—
Proposals will be received until 10 a. m, November 7, by
the Council, at the office of K. O. Sandum, Village Reoorder,
for $8,300
light-plant bonds. Denomination, $300. In-
ik
)
Farson, Leach & Co.. Chic. .$204,860 OO Atlas Nat. Bank..
lank...>Otn..$2i00,662 61
Lawrence BarnumA Co.,N.V 2C3.102 00 German Nat. Bank.
t. B'l
Feder, Holzman & Co.. Cln.. 200,600 00 West. Ger. Nat. B'k.)
Season^ood & Mayer, Cin... 2U0.C00 00 K. Kleybolte & Co., Cinoln.. 200,000 00
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Cincinnati
(Ohio)
Made for
offered to take at
District.— Offer
School
Bonds.—The Sinking Fund Trustees have
par $33,500 of the $70,000 3%% school bonds awarded on May
5 to the Atlas National Bank and the Western German National Bank of Cincinnati, but afterwards refused by those
terest, annual.
Maturity, $300 yearly from 1905 to 1915,
are advised that the Scbool Board has not
institutions.
inclusive.
Authority, election held Oct. 7, 1902.
yet accepted the offer, and that there seems to be an incliBristol, Ya. Bond Offering.— Proposals will be received
nation not to increase the bonded debt at present, especially
until November 22 by H. E. Jones, Chairman of the Finanoe
as other arrangements have been made to pay for the proCommittee, for $25,CO0 5% 30 year water bonds. Denominaposed new school buildings.
tion, $1,000.
Date, Nov. 1, 1903. Interest, semi-annual.
Clay County (P.O. Brazil), Ind.— Price Paid for Bonds.—
certified check for $500 must accompany proposals.
We are advised that the $22,000 6£ 1-11-year (serial) levee
Buchanan County, Mo.— Bond Election.— At the next bonds, the sale of which we recorded last week, were taken
general election the question of issuing $100,000 jail bonds
by Coffee & McGregor of Brazil at par. Denomination, $500.
will be voted upon.
Date, Sept., 1902. Interest, June 1 and December 1.
Camden, N. J. Mayor Refuses to Sign Bonds.— Local reColambus, Ohio.— Bund Sale— The Trustees of the Sinkports state that on October 20 Mayor Nowrey of this city
ing Fund on October 21 sold the $400,000 4* 10-20 year (oprefused to sign the $50,000 issue of bonds authorized by City
tional) refunding High Street viaduct bonds and the $53,000
Council for the purpose of building two new school-houses.
Mayer, Cin4% refunding Boston loan bonds to Seasongood
He gave as his reason the fact that a question as to the con- cinnati, at 102-041 and 101-66, respectively. The $400,000
stitutionality of the present school law is pending in the Suissue is a new one, dated Nov. 1, 1902, while the $58,000
preme Court. These are the bonds sold last July to M. A. issue carries date April 1,1900. The bonds were fully deStein
Co. of New York City.
scribed in the Chbonicle October 18.
Canandaigua, N. Y.—No Bond Election. The order for a
Colusa High School District, Colusa County, Cal.— Bond
special election on October 28 to vote on the question of issuSale.— On October 7 $15,000 5£ 6-19 year (serial) bonds were
ing electric-light bonds to an amount not exceeding $50,0 00
awarded to Norbert Mattes at 108-20. Following are the
has been rescinded, as the Board of Light Commissioners
bids
have entered into a satisfactory contract with the company
$16,230 00 Isaac Springer, Pasadena,Cal.$15.710 e5
Norbert Mattes
15.EO00O
at present supplying the village with electric light.
16,862 50 Heazelton * Co
Colusa Co. Bank
W. J. Uayes * Sons. Cleve... 15,488 00
Canfleld, Ohio.— Bond Sale— On October 15 the $2,000 6% K. H. Bolltns & 8ons, San
H
We
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1-4-year (serial) street and sidewalk bonds described in the
Chboniole Oct. 4 were awarded to the First National Bank
of Leetonia at 108. Following are the bids :
Bank, Leetonia
$2,060
Farmers' Nat. Bank, Canfleld.... 2.050
First Nat.
Frank Knauf, Canfleld
J4.05U
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First Nat. Bank, Barnesville
i.araprecht Bros. Co.. Clove.
8.
A. Kean, Chicago
$2,0li
2.003
»,00u
Canton, 8. Dak. Bond Offering.— Proposals will be received until 8 p. m., November 10, by W. S. Ingham, City
Auditor, for $16,00i» 5£ refunding water bonds. Denomination, $500.
Date, Jan. 2, 1903. Interest semi-annually at the
Chemical National Bank, New York City. Maturity 20 years;
$5,000 optional after 5 years, $5,000 after 10 years and $3,00J
after 15 years.
Trowbridge 4 NiverCo..Cnlo. 15.460 00
Denomination, $100. Date, Oct. 1, 1902. InterestCannually on Oct. 1 at office of County Treasurer.
Concord, Mass.— Bond Sale.— An issue of $10,000 %%% 80year light bonds was recently sold to Prescott Keyes as
Trustee at 10305. Mr. Keyes is also President of the Concord National Bank. The bids received for the bonds are as
Francisco
follows
16,785 00
I
:
Prescott Keyes, Trustee, Con10ST5
cord
10291
Estabrook & Co., Boston
BlodKet,Merrtti<S Co., Boston.. 102'06
Adams &
Co.,
1026U
Boston
Lee, HljjRinson A Co., Boston.. 102-26
Harvey Kisk & Sons, New York.l01 17
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Denomination of bonds, $1,000.
terest, semi-annual.
Date, Nov.
1, 1902.
In-
——
—
:
October
THE CHKON1CLE.
25, 1902..,
Cook County, 111.— Bond Election, — At the general election
November 4 the question of issuing $350,000 bODds for the
remodeliDg of the insane asylum and infirmary at Dunning,
$125,000 bonds for the erection of several new wards at the
county hospital and $25,000 bonds for a new elevator system
in the county building will b9 submitted to the voters of this
county. If authorized, interest will be at the rate of 3}£g,
payable semi-annually. Date, Jan. 1, 1908. Maturity, $25,0C0 yearly.
Dallas. Texas.— Bonds Authorized—-The City Council has
authorized the issuance of $175,000 4%, 10-40-year (optional)
$100,000 for watergold bonds for the following purposes
works and sewers, $50,000 for fire and police stations and
$25,000 for street improvements. These bonds were voted at
the election held Aug. 26, 1902.
Danville, Ky.— Bond Election.— At the November election
this city will vote upon the question of issuing $20,000 waterworks-improvement and extension bonds.
Dayton, Ky.— Bond Election.—The Counoil has decided to
submit the question of issuing $20,000 school bonds to a vote
of the people at the November election.
Delhi, Ohio. Bond Offering.— Proposals will be received
until 12 m., Nov. 1, by C. B. Davis, Villageg Clerk, for the
following bonds
:
$992 60 o% 1-10-year (serial) Wesley Ave. improvement bonds. Authority, Sections 2268 and 2264. etc.. Revised tatutesof Ohio. Date, Sep. 2u, 19U2.
2,871 20 6$ 1-10-year (serial) Hamer St. Improvement bonds.
Authority,
same as preceding Issue. Date, Sept. 6. 1902.
407 48 b% 1-10-year (serial) Wesley Ave sidewalk bonds. Authority, Sections
2334a, o and c. Revised Statutes of Ohio. Date, Oct. 9, 1902.
320 28 6* 10-year Leslie Street sidewalk bonds (village's proportion). Authority, same as preceding issue. Date. Nov. 1, 1902.
Denomination, one
bond for $220 28 and three for $200 each.
Interest will be payable annually at the Third National
of Cincinnati. Certified check for 2% of the aggregate
of bonds required.
Bond Election.— On November 4 this village will vote upon
the question of issuing $12,000 street-improvement bonds.
This proposition was defeated at the elections held April 7
and June 14 of this year.
Detroit, Mich. Bond Election.— The question of issuing
$500,000 library-site bonds and $600,000 bridge bonds will
probably be voted upon at the November election, according
to local reports.
Bank
Durango, Colo.—Bonds Net Sold.— It turns out that the
election authorizing the issuance of the $105,000 4% 10-20 year
refunding water bonds offered for sale on October 14 was
not in accordance with the law, so the securities wers not
sold.
Another election will be called to authorize the issue.
Early County (P.O. Blakely), (Ja.— Bonds Defeated.— At
the election held October 1 the proposition to iesu9 $80,000
court-house bonds was voted upon and defeated.
Easthanptoo, Mass.— Bond dale.— On October 11 $38,000
10 year school notes were awarded to M. F. Skinner &
%%%
Co., Boston, at 101*523. Interest will be payable March 1
and September 1 in Boston.
East Lake, Ala. Bond Sale. The Board of Aldermen has
authorized the issuance of $2,000 6% 80-year bonds. These
bonds have been sold to John Nuveen &" Co., Chicago. Denomination, $100.
Easton,
Bond Sale. On Oct. 15 the $15,000 S%% 30year building bonds and the $3,000 %%% 30-year fire station site bonds were awarded to H. F. BucRley
Co. Denominations, $100, $500 and $1,000.. Date, July 1, 1902.
Interest
semi-annually at the office of the City Treasurer. Bonds are
free from all taxes.
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Pa—
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For
Jose, Parker
Per Cents.
Boston
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935
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noO'OOl
Geo. Coleman, Beaver
Uenlsou. Prior & Co., Cleve
+10C-00
For 6 Per Cents.
First Nat. Bank, Barnesvllle.... 103-00
100*70
8. A. Kean, Chicago
I
And accrued interest, t Less $325 for printing blank bonds.
Freeport, Ohio.— Bond Offering.— Proposals will be received until 12 M., November 8, by Walter Jones, Village
Clerk, for $4,250 6% water-works bonds. Date, Nov. 8, 1902.
Maturity, one bond $250 each year
Intei est, semi annual.
on November 8 from 1906 to 1922. Accrued interest to be
paid by purchaser. Authority, Sections 2837 and 2837a of
the Revised Statutes of Ohio and a city ordinance passed
*
Sept. 22, 1902.
C—
Bond Sale.—On October 22 the $75,000
S.
30-year refunding bonds described in the Chronicle
Oct. 4 were awarded to Bernard M. Baiuch of New York
City at 102 and blank bonds. Following are the bids :
Georgetown,
4%%
M. Baruch, New York. .*$76,500 00 New 1st Nat. B'k. Columbus.$75,760 00
Heasongood & Mayer, Clncln.*76,077 00 Carolina Sav. Bank and Bank
ofCharleston
75,000 00
F. M. Stafford & Co., Chatta*75,760 00|
nooga
B.
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And blank bonds.
(rlassport (Borough), Allegheny County, Pa.—Bond Offering.—Proposals will be received until 7:30 p. si. on ^Novem-
ber 17 by M. J. Webster, Chairman Finance Committee, for
$20,000 4%% coupon funding bonds. Denomination, $500.
Date, Sept. 1, 1902. Interest, semi-annual, free of all tax,
and will be payable at the Glassport National Bank or at the
Trust Co., New York City. Bonds
United States Mortgage
mature $500 in each of the years 1903, 1904, 1906 and 1909;
$1,000,01 the years 1905, 1907, 1908, 1910 to 1915, inclusive; 1917,
1919 and 1922; $1,500 in the years 1916, 1918, 1920 and 1921.
Certified check for 5% of the par value of bonds bid for, payable to W. S. Kearney, Borough Treasurer, required. Bonds
will be certified to as to genuineness by the United States
Trust Co., New York City, and their legality
Mortgage
by John GK Johnson, Esq., of Philadelphia. The
approved
above issue will represent the total bonded debt of the borough. The assessed valuation is $1,388,535 and the actual
value about $3,000,000. Bonds were offered as 4 per cents
on Sept. 8, but not sold.
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The
official
notice of this bond offering will be found among
the advertisements elsewhere in this
Glenville (Ohio)
Department.
School District.— Bond Election.— An
election will be held in this district to vote on the question
of issuing $65,000 52 high-school-building bonds.
Hillsborough County, Fla.— Temporary Injunction.— We
&
Carter, acting for
are advised that Attorneys Sparkman
W. B. Henderson and Charles Wright, recently applied to
Judge John W. xVIalone of the Second Judicial Circuit of
Florida and secured a temporary injunction restraining the
Board of County Commissioners from issuing the $400,000 4%
bonds mentioned in V. 75, p. 573 and 629, The attorneys of
the board, our informant adds, will bring the case before the
Supreme Court of Florida at the January term, " at which
time, it is hoped, the injunction will be dissolved, as the proceedings were founded on matters of a very trivial and techrjipo] nftfiirfi
"
Hoboken,N. J.—Bond Sale.— On October 22 the $180,000
East Washington (Borough), Pa —Bond Sale.— On Octo- "&A% 30-year school and the $15,000 3>£<£ 30-year refunding
ber 21 the $20,000 4% sewer and.me $30,000 4% street-improve- bonds were awarded to Allen, Sand & Co., New York, at
ment bonds described in the Chronicle 0:t. 18 were award- 100-69 and interest. Following are the bids
ed to A. M. Brown of Washington at 100-95 and lUl-648, re
Allen, Sand & Co., New York. .100 69
Thorn pson.Tenney & Crawford,
100-561
spectively.
Only $10,000 of each issue was put out at once, J. & W. Seligman & Co., N. Y... 100-555 New York
the remaining bonds to be delivered later as money is needed.
Bond Sale.— The $7,000 5% 15-year naturalHoward, Kan.—
Fait River, Mass.— Bonds Proposed.—The issuance of gas bonds mentioned in the Chronicle September 20 and
$40,000 834$ highway bonds is being considered. Denomina- September 6 have been sold to C. F. Plowman, Cashier of the
tion, $1,000,
Date, Oct. 1, 1902. Interest, semi-annual. Ma- First National Bank of Howard, for a friend in the East.
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turity, Oct. 1, 1912.
Farniington, San Juan County, New Mexico.—Bond Sale.
This, city has sold an issue of $3,000
20-30-year (optional)
city-hall bonds to the Bellan-Price Investment Co. of Denver at 101-566.
Findlay, Ohio.—Bond Offering.— Proposals will be received
until 12 m., November 17, Dy^ Frank C. Ray, City Clerk, for
the following bonds
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$1,000 i% 1-10- year (serial) East Main-Cross Street sewer bonds. Check for
$100 required.
1,700 4%;sewer bonds, maturing $100 Sept. 1, 1903, and $20a yearly thereafter.
Check for 10* of bonds bid for required.
Denomination of bonds,
Denomination, $500.
in
New York
Date, Sept.
City.
1902.
Interest payable
—
(P. 0. Jersey City), N. J.— Bond Sale.
October 20 the $54,000 4% 10-year lunatic-asylum bonds
Hudson County
On
1,
described in the Chronicle Oct. 11 were awarded to John
D. Everitt
Co., New York, at 103-77— a basis of about
8-55g.
Following are the bids
John D. Everitt & Co.. N. Y.... 103-77 Thompson, Tenney& Crawford,
103-36
N. W. Halsey & Co., New York. 103-57
New York
103-4«6 E. H. Rollins & Sons. N. Y
102"277
Dick Bros. & Co., New.York
Farson, Leach & Co.. New York.103-376 M. A. Stein & Co., New York. ...102-17
J. & W. Seligman & Co., N. Y... 103-344 N. W. Harris & Co., New York..l02'll
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$100.
Date, Sept. 1, 1902. InterHyde Park, Ohio.— Bond Offering.— Proposals will bo resemi-annually at office of City Treasurer.
ceived until 12 m., November 20. by Frank D. Ebersole, VilFlanagan, Livingston County, 111.—Bond Offering.—Pro- lage Clerk, at the office of F. H. Kinney, Room 110, 519 Main
posals will be received until 7:30 p. m., Nov. 4, by Francis Street, Cincinnati, for $1,200 73 5% Ivy Avenue improvement
Sherry, Village^Clerk, for $2,800 5% sewer bonds. Authority, bonds. Authority, village ordinance passed Sept. 22, 1902.
election held Aug. 19, 1902. Denomination, $400. Date, Date, Oct. 22, 1902.
Interest annually at the Franklin
Dec. 1, 1902. Interest, annual. Maturity, $400 yearly on Bank of Cincinnati. A certified check for 2% of bonds, payApril 1 from 1905 to 1911, inclusive.
able to the Village Treasurer, required. Amount of bonds
Forest (Ohio) School District— Bond Election.— At the may be reduced if any assessments are paid in cash.
coming election the voters of this district will decide upon
Iowa City, Iowa.— Description of and Price Paid for
the question of issuing $20,000 school building bonds.
Bonds.— The $14,000 street-paving bonds which we stated
Franklin County (P. O. Colnnibus), Ohio.— Bond Elec- last week had been taken by local investors carry interest at
tion.— An election will be held Nov. 4 to vote on the propo- the rate of 6£, payable annually on April 1. Denomination,
sition to issue $250,000 memorial-building bonds.
$200.
Date, Sept. 5, 1902. Maturity part yearly from 1903
Freedom (Pa.) School District.—Bond Sale.— On Octo- to 1909, inclusive, or at any time at the option of the city.
ber 16 the $14,300 bonds described in the Chronicle Sept. 27 The price paid for the bonds was par.
were awarded to Jose, Parker & Co., Boston, at par and inJersey City, Hudson County, N. J.—Bonds Authorized.—
terest for 4 per cents.
Following are the bids
The issuance of $50,000 4% 30-year bonds for free bath house,
est
:
:
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—
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THE CHRONICLE.
936
has been authorized. We are advised that these bonds will
be taken by the Sinking Fand Commission.
Jewell, Iowa.— Bonds Authorized.—The issuance of $7,000
5% 10-20 year (optional) water bonds has been authorized.
La Junta, Colo. Bonds Authorized The City Council
has authorised the issuance of $100,000 water bonds.
Lancaster, Ky. Bond Election. An election, it is stated,
has been called for Nov. 5 to vote on the question of issuing
bonds for water purposes.
Latonia, Ky. Bond Election.—The Town Trustees have
passed an ordinance authorizing the issuance of $30,000 streetimprovement bonds, and the proposition will be submitted to
the voters at the election in November.
Lawrence County (P. O. Bedford), Ind.— Bond Sale.— On
October 20 the $28,000 4>£g gravel-road bonds described in
the Chronicle Oct. 18 were awarded to the Citizens' NaFollowing are the
tional Bank of Bedford at 102-196.
—
—
bids
[Vol.
LXXV.
Marshall County (P. 0. Warren), Minn.—Bond Offering.
—Proposals will be received until 1 p. m., November 7 (time
extended from October 15), by A. B. Nelson, County Auditor,
for $75,000 V&f, ditch bonds. Authority, Chapter 258 of General Laws of 1901. Denomination, $2,500.
Interest May 1
and November 1 at the First National Bank of Warren. Maturity, $7,500 yearly on November 1 from 1903 to 1912, inclusive.
A certified check for $1,000, payable to A. B. Nelson, County Auditor, is required. Blank bonds to be
furnished by purchaser. Assessed value of real and personal
property, $3,466,772; total indebtedness Aug. 26, 1902. $47,000; sinkiDgfnnd, $10,771; floating indebtedness, $3,000.
Massillon, Ohio.— Bond Sale.—On October 21 the $16,000
i^ii 1-4-year (serial) paving bonds described in the Chronicle October 4 were awarded to P. S. Briggs & Co., Cincinnati, at 100'312 and interest.
Following are the bids
P. 8. Briwrs & Co., Cincinnati. 816,050 00 W. J. Hayes & Sons. Cleve... 116,007 00
F. L. Fuller & Co., Cleveland. 16,081 00 Denison, Prior & Co.. Cleve. 16,003 00
:
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Citizens' Nat. Bank, Bedf'd..$28,615 00
J. F. Wild & Co.. Indiana'lts.. 2^,568 00
SeasongoodA Mayer, Cincin. 28.472 081
I
Meyer & Riser. Indtanalis. ..$28,480 00
W.J. Hares & Sons, Cleve... 28.227 00
State Sav.
Bank
Co.. Toledo. 16.087 60
Bonds Defeated.—This city recently voted against the issuance of $10,000 fire-department bonds.
Lehigh (Town), Ind. Ter.— Bond Offering.— Proposals will
Medford, Okla. Bonds to bz Issued. This city on Sept. 22
be received until 7 p. m. to-day (October 25) by the Mayor voted to issue bonds for water purposes. Since tbe elecand Council for $10,000 b% 20-year school bonds. Date of tion the Oklahoma Bond & Trust Co. of Guthrie has made a
bonds, Nov. 15, 1902. Interest, semi-annual. Accrued inter proposition to take any amount of bonds to be issued for this
Certified check for 5% of tbe purpose from $15,000 up. Prospecting for water is now in
est to be paid by purchaser.
bonds bid for, payable to the Town Treasurer, required. No progress, and the amount of bonds to be issued will be deterconditional bids will be considered. Town has no debt at mined when the cost of the proposed plant has been ascerpresent. Assessed valuation, $209,540, being on personal tained.
property only, real estate not being subject to taxation until
Medford, Taylor County, Wis.—Bond Offering.— Proposals
after Jan. 1, 1903. Actual value of both real and personal will be received until 8 p. m, to-day (October 25) by the City
property is placed at $500,000. Harry Clifford is Town Re- Council for $10,000 42 water bonds. Securities were authorcorder.
ized at an election held July 8, 1902. Denomination, $1,000.
Lexington, Ky.— Bond Election.—The submission to a vote Date, Nov. 1, 1902. Interest semi-annually at the office of
of the people at the November election of a proposition to the City Treasurer. Maturity, Nov. 1, 1922. Certified check
issue $250,000 bonds was ordered by the General Council on for 5£ of the par value of the bonds bid for, payable to H.
September 17.
Durnke, City Treasurer, required. J, H. Wheelock is City
Lexington Precinct, Neb.—Bonds Voted.— This precinct Clerk.
recently voted to issue $12,000 bridge bonds.
Meridian, Miss.— Bond Election.—The people of this city
Lexington (Ky.) School District.— Bond Election.— At the are to be asked to vote upon the question of issuing an adgeneral election November 4 the question of issuing $75,000 ditional $150,000 bonds for the purpose of building a waterX.% school-building bonds will be submitted to a vote of the
works system.
people.
Mineoia (Texas) School District.—Bond Sale.— The $8,000
Lidgerwood, No. Dak.— Bonds Not Sold.— We are advised school- house bonds mentioned in the Chronicle August 16
that no satisfactory bids were rectived on October 15 for the were sold on October 16 to the State School Fund.
$9,500 5% 10 20-year (optional) water- works bonds fully deMinneapolis, Minn. Bond Election. At the general elecscribed in the Chronicle Sept. 27. Bonds will be re offered. tion Nov. 4 the question of issuing $500,000jpaving and sewer,
Lodi, Wis.—.Bonds Defeated.— The election held October 6 $200,000 school-house and $200,000 water- improvement bonds
resuited in the defeat of the proposition to issue $6,000 elec- will be voted upon all^bonds to be dated Jan. 1, 1903, and to
tric-light-plant bonds.
mature Jan. 1, 1933. Interest, 3^i, payable semi-annually.
Los Angeles, Cal. Bonds Can be Voted. The Supreme
Mississippi and Lafourche Drainage District, La.— Bonds
Court has banded down a decision holding that the city could Voted.— The election held October 15 resulted in favor of
vote to issue under the charter bonds for sewer, school and issuing $100,000 5* bonds.
bridge purposes. As stated in the Chronicle September 20,
Morenci, Mich. Bonds Authorized.—-This place has auan election will be held on October 29 to vote on the issuance thorized the issuance of $6,400 6# 1-4 year (serial) paving
of $2,180,000 bonds— $680,000 for schools, $1,400,000 for sewers bonds.
and $100,000 for bridges. There was some question as to
Natchez, Miss.— Bond Election.— An election will be held
whether the school and bridge bonds could be issued under December 9 at which the question of issuing $150,000 bonds
the charter. Some contended that the charter prohibited for the purchase of the water plant will be acted upon by the
bonds in excess of $2,000,000 except Jor water and sewer pur- voters of this city.
poses, whereas others argued that $2,000,000 was the limit
Newark, Ohio.— Bond Sale.— 8. M. Hunter was the highest
excluding water and sewer obligations. The debt of the city bidder on October 15 for the $6,000 4g fire-department bonds
of Los Angeles being over Z\i millions (the larger part of described in the Chronicle Oct. 4, offering $6,051 for the
which is for water), a test case was brought in order to settle same. The People's National Bank offered $6,025 84 for the
all doubt, with the above result.
bonds.
Louisville, Ky.— Bond Election.—At the election NovemNewport, R. I.— Bond Election,— At the general election in
ber 4 the voters of this city will be asked to pass upon prop- November a proposition to ist-ue $100,000 30-year high school,
ositions to issue $2,500,000 sewer, $500,000 street and $250,000 $12,000 hospital and $50,000 paving bonds will be voted upon
Beargrass Creek improvement '6%% bonds.
by the taxpayers.
Loans Negotiated. This city has borrowed $62,500 from
New Rochelle (N. Y.) School District.— Bo7id« Defeated.—
the Union National Bank and $62,500 from the Southern Na- At the election held October 14 only 264 votes were oast in
tional Bank, the loans being made in anticipation of taxes.
favor of the high- school-site bonds, while 827 were against
Lowellville, Ohio. Bend Election.— At the general elec- the proposition.
tion November 4 the question of issuing $6,000 sidewalk
Newtown, Conn. Bonds Authorized.—The Selectmen
bonds will be submitted to a vote of the people.
have been authorized to borrow $4,000 for expenses of new
Lower Merlon Township, Pa.— Bond Election.— AX the roads.
general election in November the question of issuing $300,Ohio State University.—Bond Offering.— Proposals will be
000 sewer and $50,000 municipal- building and site bonds will received until 12 m., November 6, by the Board of Trusteesbe submitted to the people.
Alexis Cope, Secretary— for $30,000 4%t refunding bonds.
Lugonia School District, San Bernardino County, Cal.— Securities are in denomination of $l,00o, dated Dec. 1, 1902.
Bond Sale.— On October 11 $15,000 5* gold bonds of this Interest will be payable semi-annually at the Hayden-Clinton
district were awarded to E. H. Rollins & Sons, San Fran- National Bank, Columbus.
Principal will mature $15,000
cisco, at 106-138 and interest.
Following are the bids
Dec. 1, 1910, and $15,000 Dec. 1, 1911. A deposit of $1,000 in
currency with the Treasurer of the University will be reE. fl. Rollins & Sons, San
Flora Howes Farwell, Los
Francisco
*15,920 00
Angeles
$15,781 00
quired with bids, and purchaser must pay accrued interest.
Isaac Springer, Pasadena.... I6.ni.". 26 H. C Rogers, Pasadena
lo,676 80
Bonds are issued for the purpose of taking up a like amount
Denomination, $1,000. Date, Sept. 15, 1902. Interest an- of certificates of indebtedness falling due Dec. 1, 1902, and
nually at the office of the County Treasurer. Maturity, $1,000 are authorized by Act of General Assembly passed April 28,
yearly on September 15 from 1908 to 1922, inclusive.
1898, and the proceedings of the Board of Trustees thereunder
Manitowoc, Wis.— Bond Sale.— This city Irecently sold dated Sept. 25, 1902.
$85,000 refunding railroad bonds and $5,000 refunding bridge
Oklahoma City, Okla.— Bond Eltfcion.— At the November
bonds to MacDonald, McCoy & Co. of Chicago at lOa'56.
election the question of issuing $100,000 high-school bonds
Mansfield (Ohio) School District.— Bond Election—The will be submitted to a vote of the people. Such a proposiBoard of Education has decided to submit the question of tion was voted upon and defeated at an election held several
issuing bonds for an addition to the high-school building to a weeks ago.
vote of the people at the general election in November.
Otero County (P. O. Alamogordo), N.Mex.— Bond Sale.—
Manti, Utah.— Bonds Defeated.— We are are advised that On October 6 the $7,500 6* 10-20-year (optional) court-house
on Sept, 2 the people of this city, by a vote of 92 to 72, de- and jail bonds described in the Chronicle October 4 were
feated the proposition to issne $10,000 reservoir bonds.
awarded to James G. Cahill of St. Louis at 106183.
Marengo (Iowa) School District.— Bond Election.— This
Otero irrigation District (P. O. La Jnnta), Colo.— Bond
district will vote upon tbe question of issuing $14,500 build- Offering.— Proposals will be received until 10 a. m., Noveming bonds.
ber 1, by M, F. Miller, Secretary of the District, for $300,000
—
—
—
—
—
:
—
October
—
:
THE CHRONICLE.
25, 1902.]
6* 11-20-year (serial) bonds.
Security Sav.
A. H. Maegly
Interest will be payable semi-
annually.
& Tr.Co.,Portl'd..lfl4\"0
istered.
R. Lea Barries (for 15,000)
S. A. Keau, Chicago
102*00
100*00
registered an
bonds
Kockford, 111— Bond Offering.— Proposals will be received until 2 P. M. to-day (October 25), by N. F. Thompson,
City Treasurer, for $12,000 4% 5-year refunding bonds, dated
Nov. 1, 1902. Interest, semi-annual.
Rome, N. Y.— Bonds Authorized.— The Common Council
has authorized the issuance of $30,000 4% street-improvement bonds. Denomination, $500. Date, Nov. 1, 1902. Interest semi-annually at the National Park Bank of New
York City. Maturity, $1,500 yearly on Nov. 1 from 1903 to
Oxnard Union High School District, Yentnra County,
Cal.— Bond Election.— An election will be held Nov. 15 to
&
I
—The State Comptroller on October 13
issue of $5,000 school house
vote on the question of issuing |20,000 bonds.
Painesville, Ohio.— Bonds Authorized.— On October 8 the
Village Council passed an ordinance authorizing an issue of
$10,937 50 o% refunding and funding bonds. Denomination,
$2,187 50. Interest semi annually at office of tne Viliage
Treasurer. Maturity, one bond yearly from 1917 to 1921, inclusive.
Date of sale not determined.
Park Connty (P. O. Livingston), Mont.— Bond Offering.—
Proposals will be received until 2 p. M., November 19, by the
Board of County Commissioners, Chas. Angus, Clerk, for
$35,000 V/ % gold refunding bonds. Authority, Section 4240
2
of the Political Code of Montana. Denomination, $1,000.
Date, Jan. 1, 1903. Interest semi-annually in New York
City. Maturity, Jan. 1, 1923; optional after Jan. 1, 1918.
Certified check for $500, payable to F. A. Krieger, Chairman
Board of County Commissioners, required.
Passaic, N. J. Bond Sale.—This city recently sold at par
and accrued interest to the Trustees of the School Fund of
New Jersey $25,C00 8%% 1-80 year (serial) school-house
boDds.
Piqna. Ohio.—Bonds Defeated.— The election held September 25 resulted in the defeat of the question of issuing $10,000
fire-department bonds.
Pontiac, Mich.— Bond Sale.—On Ootober 20 the $10,000 5*
paving- asses sment bonds described in the Chronicle Oct. 18
were awarded to the State Savings Bank Co. of Toledo at
101-675. A bid of 100 26 was also received from Chae. H.
Crffin of Chicago.
Port Huron, Mich.— Bond Election.— At the coming fall
election tne question of issuing $50,000> light-plant bonds will
be voted upon.
Portland, Ore.—Bond Sale.— On October 13 the $50,000 6g
1-10-year (optional) improvement bonds were awarded to the
Security Savings
Trust Co. of Portland at 104*30 and accrued interest. Following are the bids :
I
1G21S;5
Roby (Texas) Independent School District.—Bonds Reg-
Owosso. Mich.— Bonds Defeated,—The proposition to issue
by 4 votes at the
s
I *. 000 post-office site bonds failed to carry
election held October 1.
NEW
937
1922, inclusive.
Ruthton, Pipestone County, Minn.— Bond Offering.—Proposals will be received until 8 p. m November 3, by Frank
L. Nash, Village Recorder, for $3,000 5% coupon waterworks
bonds. Denomination, $500, Date. Nov. 1, 1902. Interest
annually at Treasurer's office. Maturity, Nov. 1, 1912.
certified check for $200 on a national bank and payable to
Village Treasurer is required. Purchaser to furnish blank
bonds.
Salem, Mass. Bonds Proposed.—The question of issuing
$50,000 sewer bonds is under consideration in the City Coun,
A
cil.
—
Sandnsky County, Ohio.— Bond Sale. On October 18
$9,040 ditch and $3,000 Green Creek straightening bonds were
awarded to the Fremont Savings Bank for $9,200 and $3,065,
respectively.
San Francisco, Cal.—Bond Election.— The Board of Supervisors has called an election December 2 to vote on the question of issuing $700,000 %%% 1-40 year (serial) street railway
bonds.
are adSan Saba County, Texas.—Bonds Not Sold.
vised that the $10,000 4g bridge bonds offered for sale on October 6 and described in the Chronicle September 27 were
not sold. The County Judge has been instruoted to sell the
bonds at private sale before Nov. 15, 1902.
Saugatuck Township, Mich.— Bonds to Be Issued Next
Spring.
are advised that this township had intended to
put out on November 1 an issue of $8,000 bridge bonds, but
—We
— We
NEW
LOANS.
LOANS.
^so,ooo
$4,000,000
FUNDING BONDS
OF THE
CITY OF CHICAGO
QLASSP0RT, PA.
MUNICIPAL BONDS.
1,
1902.
Sealed bids will be received at the office of the City
Comptroller UNTIL TWELVE (12) O'CLOCK
NOON,
DECEMBER
15, 1902, for
Four Million
($4,000,0C0) Dollars of
Municipal Bonds in denominations of $1,000 each. These
bonds are to be dated January 1, 1903, and will be payable
twenty (20) years from that date, bearing interest at the
rate of rate of three and one-half (%%%) per cent per annum,
payable semi-annually. Both principal and interest being
payable in gold of the present standard of weight and
fineness, at the fiscal agency of the City of Chicago in New
York, and at the office of the City Treasurer in the City
of Chicago
These bonds are to be issued in pursuance of an ordinance of the City Council of the City of Chicago, passed
September 22, 1902, for the purpose of supplying means to
and satisfy an equal amount of judgments outstanding.
Bids will be received for the whole issue or any part thereof a certified check for five (5*) per cent of the amount
applied for to accompany all bids. These bonds may be
retire
;
registered as to principal,
if desired, in the office of the City
Comptroller.
The City reserves the right to reject any and all bids.
L. E.
The
McGANN,
City Comptroller.
judgments
including
the
above-mentioned
is
$24,000,000
Sec. 312, Paragraph 18.— "The one-flftli value of all property so
ascertained and set down shall be the assessed value for all purposes
of taxation."
The assessed valuation of the City
Making the actual cash value
is
&
New York
City.
Bonds will be engraved under the supervision of, and certified as to their genuineness
by the United States Mortgage & Trust Company, and their legality approved by John G.
Johncon, Esq., Philadelphia, whose opinion as
to legality or duplicate thereof will be deUvered
Each proposal must be
to the purchaser.
accompanied by a certified check on a National
Bank, payable to the order of W. S Kearney,
Treasurei, Glassport. Pa., for five per cent of
the par value of amount bid for. Delivery of
the bonds will be made on November 21st.
M., at the office of the United
1902, at 11
States Mortgage & Trust Company, No. 59
Cedar Street, New York City, or at the Glassport National Bank, Glassport, Pa., at the
option-of the purchaser.
The right is reserved to reject any and all
bids. For printed forms of proposal and circular of particulars, address the above-mentioned Trust Company, or the undersigned
A
M.
J.
WEBSTER,
Chairman
of Finance Committee.
Glassport, Pa.. October 20th, 1902.
These bonds are issued for the purpose of
certain certificates of indebtedness
temporarily issued to pay for streit improvements and to pay the proportion of the
indebtedness of the Borough of Port View (of
lifting
which this Borough was a part) assessed to
the Borough of Glassport by the Court of
Quarter Sessions of Allegheny County.
total debt of all descriptions of the City of
Chicago,
Sealed bids will be received by the undersigned, in the Borough of Glassport, Pa., until
17TH, 1902. at 7:30 P. M.. for
the purchase of $20,000 4^% coupon. Fundins
bonds. They will be of $500 each, bear date
of September 1st. 1902, and mature on the
first davs of September, as follows:
$500 in 1903, 1904, 1906 and 1909. $1,000
in 1905, 1^07. 1908. 1910, 1911. 1912, 1913,
1914, 1915, 1917, 1919 and 1922. $1,500 in
1916, 1918, 1920, 1921, with interest payable
on the lirst days of March and September in
each year.
Principal and interest payable at the Glassport National Bank, Glassport, Pa., or at the
Trust Company,
United States Mortgage
NOVEMBER
Department of Finance,
Chicago, October
BOROUGH OF
$400,000,000
$2,000,000,000
FINANCIAL STATEMENT.
Assessed valuation
$1,237,110
RealKst.Ue
101,425 $1,388,635
Personal
3,000,000
,
Real valuation
20.000
Debt, this issue
6 50
Tax Rate, 1902, per $1,000
1 50
Tax Rate for this issue per $1,000.
Population. 1902. 1.S03. Est. for 1902, 2,500
:
THE CHRONICLE.
938
that owing to delay on the part of the contractors the securities will not be issued until next spring.
Somonank, 111.— Bona Sale.— This village has sold an issue
Niver Co., Chicago,
of $5,000 5# water bords to Trowbridge
at 101-80 and blank bonds. Denominations, $500, $700 and
Date, Nov. 1, 1902. Maturity yearly on November 1,
$800.
$500 from 1905 to 1908, inclusive; $700 in 1909 and also in
1910, and $800 in each of the years 1911 and 1912.
South McAlester, Ind. Ter.— Bonds Voted.— Out of a total
vote of 603. only 7 were cast againt the proposition to issue
I150.C00 water and sewer bonds at the election held Oct. 18.
Springfield, Ohio.— Bonds Proposed. It is reported that
tbis city will issue $l0,000_bonds to meet the expenses of the
smallpox epidemic.
Steelton, Pa.— Bond Offering.— Proposals will be received
&
—
until 7:30 p. m.,
November
by John D. Young, Borough
5,
Secretary, for $80,000 4$ 10-30-year (optional) coupon water
bonds. Securities are free from all tax. Certified check for
$1,000 required.
The
official
notice of this
bond
offering'jieill
be found
among
the advertisements elsewhere in this Department.
—
[Vol.
LXXV,
October 14 and are the same securities voted at an election
held July 14, as stated in the Chronicle August 2. We are
not advised as to the reason for the new election.
Taylorville, 111.— Bond Issue Enjoined.— The following is
taken from the St. Lcuis " Republic :"
Tatlorvilie. UK, Sept. 25.— At a meeting of the City Council of this city
held last eventna to consider bids lor a municipal electric-lighting plant the
members of the Council were served with an injunction restraining them from
issuing and selling bends of the city to the amount of $20,C0u to pay for the
plant.
The injunction writ was issued by the Master in Chancery on the affidavit of
F. W. Anderson, one of the heaviest taxpayers of the city, "n the ground that
the debt would exefed the ronstltutionMl limit. At a meeting of the Council
to day the bid of Charles T. Stookey of *18,000 to install a plant was accepted,
on condition that the injunction should be dissolved by the Circuit Court,
which convenes October
6.
Tennessee.— Bonds Purchased.— State Treasurer Folk on
October 15 purchased $25,000 Tennessee bonds. They were
bought of Farsoc, Leach & Co., New York, through the
Sykes Banking Co. of Nashville at 94-75 and interest.
Thompson (Town), Sullivan County, N. Y.-Bond Offer"
ing.— Proposals (as will be seen from an advertisement elsewhere in this Department) will be received until November 15
by C. S. Thornton, Town Supervisor, at Monticello, for the
refunding at V/ % interest of bonds maturing in March, 1903.
%
Amount of new bonds, $281,000. Denomination, $500 or
Sunimerville, Ga.— Bonds Proposed. This village will ask
the next Legislature for authority to issue $25,000 water,
eewer and street-improvement bonds.
Syracuse, N. Y.— Bond Offering.— Proposals will be received until 12 m., Nov. 1, by E. J. Mack, City Comptroller,
for the following bonds :
110,000 3H^ 1-20-year (serial) Harbor Brook Improvement bonds, in denomination of $250.
50,000 8H* 1-20-year (serial) Onondaga Creek Improvement bonds, in denomination of $1,250. Authority, Chapter 44*, Laws of 19oa.
Secnrities are dated Nov. 1, 1902. Interest semi annually
at the United States Mortgage & Trust Co., New York City,
and the said company will certify as to the genuineness of
the issue. Bonds are to be registered at the office of the
City Comptroller.
Temporary Loan. It is stated that a three- months' temporary loan of $75,000 has been negotiated at 4*90g.
Bonds Authorized.—The Common Council on September 22
passed a resolution declaring it necessary to issue $125,000
bonds for the purpose of repairing and improving streets and
highways. Securities to be dated Oct. 1, 1902. Interest at
Traders'
%%%, payable semi-annually at the Importers'
National Bank, New York City.
Tabor, Iowa,— Bond Safe.— This town has sold an issue of
$6,500 5? 5-20 year (optional) water-works bonds to a Davenport (Iowa) fiim. Bonds were authorized at an election held
This township has voted to issue $15,000 i.% 10-20-year (optional) Kansas City Mexico
Orient Railroad aid bonds.
—
NEW
LOANS.
#so,ooo
J.
The Borough of Steelton,
Pa., will sell at the
all bid-.
years.
&
Toledo Township, Chase County,
BANKERS
INVESTMENTS.
Geo. D. Cook Company.
INVESTMENT SECURITIES,
Indianapolis, Ind.
Counielman Bulldin? 238 La
FOR SALE, HIGH-GRADE
Broad Exchange Buildim?, 25 Broad
Mexican ftoyernment and State Bondg.
CORPORATION
BON
DS.
FARS0N, LEACH &
Oldest Bond House In Indiana.
Price* and circulars upon application.
OF THOMPSON,
CO., N. Y.,
Public Securities,
Burr,
60 State Street,
C
be received by
S. Thornton,
Monticello. N. Y., Supervisor of the Town of
Thompson, Sulllvaj Co., for refunding at 3>4 per
cent, bonds due March, 1903.
Interest payable
semi-annually. The right to reject any and all
will
&
CHICAGO.
Chas.
BOSTON.
S.
Kidder
&
Co.,
BONDS,
bids reserved.
184
BONDS
LA SALLE STREET,
MUNICIPAL
SUITABLE FOR
AND
Service
Public
Savings Banks,
Trust Funds,
E. H.
NASSAU
ST..
&
BONDS AND STOCK
CERTIFICATES
partly Mtlioprupheri nnil pnrtlr printed ; finish*-*! In a few
ti»>rtj handsome designs] must be seen to be
Appreciated. Semi for fiftmpleSi
I
iiL-rnw rs
fftUyhunr Connection.)
nnd
1
H
Impl-i )»|»Im
<fc
r
CO.,
.
J05 William
St.,
MUNICIPAL
San Francisco.
&
Co.,
AND COUPON ATION
BONDS.
171
La
Salle Street, Chicago.
Co.,
the best at the price.
ALBERT B. KINO
MacDonald, McCoy
BOSTON.
Denver.
NEW YORK CITY
The cheapest that are good;
Corporation
ROLLINS & SONS
Individuals.
Rudolph Kleybolte
CHICAGO.
BONDS.
Trust Companies,
1
BOSTON.
NEW YORK.
PHILADELPHIA.
INVESTMENT BONDS
REFUNDING BONDS.
Proposals
CO.
YOUNG,
D.
Perry, Coffin
SULLIVAN
St.
NEW YORK.
MUNICIPAL
RAILROAD
Borough Secretary.
TOWN
Sail* St.
CHICAQO.
Further information can be obtained from
JOHN
Kan.— Bonds Voted.—
&
INVESTMENTS.
F. WILD & CO.,
B0R0. OF STEELTON, PA,
WATER BONDS.
Council chamber on NOVEMBER 5th, 1902,
at 7:30 P. M., the following 4 per cent coupon
water bonds, free from all taxes
$80,COO, optional after 10 years, redeemable
at the end of 30 years.
Sealed bids wili be received up to the hour
of sale, to be accompanied with a certified
check in the sum of $1,000.
Council reserves the right to reject any or
more, as desired. Date, March 1, 1903. Interest, semi-anMaturity, March 1, 1923.
Toledo, Ohio.— Description of Bonds.— The $20,000 hospital and pest-house bonds mentioned in the Chronicle Aug.
16 will be issued under the authority of Section 2835 of the
Revised Statutes of Ohio. Interest will be at the rate of
3%%. payable semi-annually. Principal will mature in ten
nual.
New York.
Blodget, Merritt
&
Co.,
BANKERS,
16 Congress Street, Boston.
30 NASSAU STREET, NEW YORK.
STATE, CITY & RAILROAD BONUS.
523 Western Union Building,
Cbicaoo,
IFllinots.
—
—
*«TOBER
THE CHRONICLE.
25, 1902.]
—
Weiser (Idaho) Irrigation District.—Bond Offering,
Proposals will be received until 10 p.m. Dec. 13 (sale postponed
from Nov. 5), by O. M, Harvey, Secretary, for the $40,000
Topeka. Kan.— Bonds Authorized.— The City Council has
internal-improveauthorized the issuance of $66,753 25
ment bonds. Denomination, $1,000, except one bond for
$758 25 and ten bonds for $100 each. Date. July 1, 1902. InMaturity. $6,753 25
terest semi-annually in New York City.
July 1, 1903; $6,000 on July 1 of the years 1904, 1905,
1906, and $7,0U0 on July 1 of the years 1907 to 1912, in-
H
purchase and $20,000 improvement coupon bonds mentioned
Authority, 8tate Laws apin the Chronicle of Sept. 13.
proved March 6, 1899, and all Acts amendatory thereof. Denomination not less than $100 and not more than $500. Interest (not exceeding 7g) payable January 1 and July 1 at
Weiser or at Wells, Fargo & Company's Bank in New York
clusive.
Troy, N.
Y.— Bond
Offering.— Proposals will be received
Roy Rickerson, City Comp-
12 m., October 29, by Le
troller, for tte following bonds
until
City. Maturity, 5i in 11 years, 6% in 12 years, 1% in 13 years,
3% in 14 years, 9g in 15 years, 10$ in 16 years, 1\% in 17 years,
\Z% in 18 years, 15$ in 19 years and 16$ in 20 years. Certified
check for 5% of amount bid for, made payable to the Board of
Directors of the Weiser Irrigation District, required. Delivery of purchase bonds will be made on or before Jan. 3, 1903,.
aud improvement bonds on or before Oct. 1, 1903.
:
3^* part bonds. Denomination, tl.000. Maturity, $5,000 yearly on
Oct. 1 f rom 1910 to 1V41, inclusive. Aui bority, Chapter 1S5, Laws
$160,000
of 1P01.
improvement bonds. Denomination. 11.520. Maturity, $1,520
yearly on Oct. 1 from 1H03 to '92-/, inclusive. Authority, Chapter
182. Laws of t89S. This issue will be used $10,000 for improvements
to high school and $20,i0u for streets.
S0 400 3Ji*
West Homestead (Pa.) School District.— Bonds Not Sold,
bids were received on October 20 for the
$30,000 4$ 5-29-year (serial) bonds described in the Chbonicle
—No satisfactory
Date of bonds Oct. 1, 1902. Interest, semi-annual. Certified
check for \% of par value of bonds required.
Troy, Ohio.— Bond Offering.— Proposals will be received
until 12 m., November 18, by J. H. Landis, City Clerk, for a
$5,000 6% park bond voted at a recent election. Interest payable March 1 and September 1 at the office of the City Treasurer. Maturity, Sept. 1, 1905.
Vandergrift Heights (Pa.) School District.— Bond Offering.— Proposals will be received until 1 p. m., November 1,
by J. B. Hosey, Secretary, for $4,000 5% school-improvement
bonds. Denomination, $5C0. Date, Sept. 1, 1902. Interest
semi-annually at the Vandergrift Savings & Trust Co. of
Vandergrift. Maturity, September 1, 1922; optional after
September 1, 1907. Aocrued interest to be paid by puii,
chaser.
A. Keirn, Clerk School Board, will now enbonds at private sale.
White Plains Union Free School District No. 1, Westchester County, N. Y. Bond Offerin g.— Proposals will be
received until 8 p. m., October 29. by Wm. A. McConnell,
Clerk Board of Education, for $25,000 school- house bonds.
Denomination, $1,000. Maturity, $1,000 yearly on Jan. 1
from 1910 to 1934, inclusive. Rite of interest to be named
Oct. 18.
W.
deavor to
eell these
in bids.
Winton Place, Ohio.— Bond Election.— An election will
be held November 4 to vote on the question of issuing $45,000 sewer bonds.
Yonkers, N. Y.—Bond Sale.— On October 21 the $23,000 4$
assessment bonds were awarded to the Yonkers Savings
Bank at 100*64 and $5,8C0 4$ public-building and dock bonds
Following are the
to Geo. M. Hahn of New York at 1(3 48.
—
Ventura, Cal.— Bond Election. A special election is to be
held in this city for the purpose of voting upon an issue of
$45,000 public-improvement bonds.
Victoria, Texas. Bonds Approved and Sold. The Attor-
—
bids:
ney-General on October 11 approved an issue of $7,500 water
bonds of this city. These bonds have been purchased by the
State Board of Edncation.
Warren County, Iowa.— Bond Election. At the coming
election the question of issuing i $5,000 county-farm-building
bonds will be voted upon.
$23,000 Bonds.
100-64
JOO'43
100-22
Yonkers Savings Bank
Geo. M.Hahn.Kew York
Westchester Trust Co
—
N.
939
Date of bonds, Nov. 1, 1902. Maturity, assessment bonds
February 1, 1905, and building and dock bonds November
1912.
1,
INVESTMENTS.
INVESTMENTS.
W. HARRIS & CO., MASON, LEWIS & CO.
BANKERS.
CHICAGO,
MUNICIPAL
RAILROAD
CORPORATION
Railroad and other bonds adapted
A VAILABLJS IN ALL PARTS OF THS WORLD
1,000 Shares
Street
WHITE &
51 Liberty
St.,
CO.,
INVESTMENT BONDS.
l
a
i:
THE AMERICAN
MANUFACTURING
COMPANY,
63 WALL, STREET,
NEW YORK.
THE GRAND
PRIX.
MUNICIPAL BONDS.
E. C.
STANWOOD &
Co.,
BANKERS,
Devonshire Street,
FIRST
MORTGAGES
On Improved Farms
Netting the Investor « per cent Interest.
Send for booklet and latest of ering.
WINNE aTvVINNE,
WICHITA. KANSAS
Building,
LI8T.
Mention
this paper.
HIGH-GRADE
DENISON, PRIOR & CO
WA8 AWARDED AT THS PARTS KXPOSTTION TO
WHTTING'8 STANDARD
CHOICE OKLAHOMA
Wlnne
CLEVELAND.
STREET.
BOSTON.
New York.
8END FOR
A L
CHICAGO.
121
C. H.
Aw N
SN? AC SPECIALTIES. i
D DT
CO
FULTON & CO.,
LA 8ALLE
171
CO
W
J
S
1
BONDS*
Municipal Bonds,
Net 4&%.
Present net earnings of Company
50# on the amount of Capital Stock.
St.
Railway and Gas Companies.
LIST ON APPLICATION.
R.
F.
GUARANTEED
RAILROAD CO. STOCK
SO Devonshire
Choice liases.
Quotation* t urnii b ed for purchase, sale or exchange.
to
CORDAGE
M
BOSTON,
Moaadaeek Bonding.
for trust funds and savings.
IBB TJX TBAVMZXBS- LITTSS8 03 OSBDIt
At Price
TRANSMISSION ROPE.
BANKER8,
31 an* 33 PINE ST., MEW YORK.
BOSTOH
CHICAGO.
Deal exclusively In municipal,
$5,800 Bds.
102-60
103-4*
luO-88
5*
PAPERS.
They axe the only American papers which have
ever reoeived this— the highest honor that can be
conferred.
It means they are the most perfeei
made. Insist on having them for your fine correspondence and your office stationery. Are yon using
Whiting's rLedger Papers In yon Blank-Book
Samples and booklet free.
WHITING PAPER COMPANY,
holyoke. mass..
And
150
Duanb Street, New Yobs.
SECURE BANK VAULTS.
MINNESOTA BONDS,
B08TON.
Yielding \\i% Net.
Correspondence Invited.
B.
& CO.
Woodstock, Vermont.
GENUINE
VICKERS & PHELPS,
BONDS,
CORPORATION
15
172 Washington Street,
CHICAGO,
•
•
LIST ON APPLICATION.
ILL*
POWELL
HARRY
T. B. POTTER,
MUNICIPAL and nrikirtc
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD
Wall Street
-
BONDS.
WELDED CHROME STEEL AND IRON
Flat Bars and &-Ply Plates and Angle
FOR SAFES, VAULTS, &C.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
Bound and
CHROME STEEL WORKS,
Kent Ave., Keap and Hooper Sts.,
BaleManTerslntheU.S. BROOKLYN, N. Y.
THE CHRONICLE.
940
%XLSVLXKUZZ.
CENTRAL
MANHATTAN TRUST COMPANY
TRUST CO.,
OFFICE OF THE
New York, January
:
31st De-
10
Total Marine Premiums
Premiums marked
less
$275,102 19
.
W. N. DUANE, 3d Vice-Pres. and Treas.
C. H. SMITH, Secretary.
E. A. SKINNER, Asst. Secretary.
F. D WIGHT. Trust Officer.
Francis R. Appleton
August Belmont,
George F. Baker.
H. W. Cannon,
Rudulph
J.
H.
S.
Lamont.
l.iu Imi in.
Oliver H. Payne,
E. D. Randolph,
Grant B. Schley,
James O. Sheldon,
Ellis,
AmosT.
$329,992 04
French,
WILLIAM R. DAWES. Cashier.
CHARLES T. WEGNER, Asst. Cashier.
MALCOLM McDOWELL, Asst. Secretary.
DIRECTORS!
FRANK ©. LOWDEN
HARRY RUBENS,
GRAEME STEWART.
THOMAS R. LYON.
EARLING.
MAX PAM,
CHAS. T. BOYNTON,
CHARLES DEERING,
P. A- VALENTINE,
A.
J.
GIRARD TRUST
COMPANY.
1900 and pre-
vious years
$398,184 81
occurred
and
were estimated
and paidin 1901 1,458,859 48
AND
DEPARTMENTS.
Chartered 1836.
Acts as Executor, Administrator, Trustee,
Assignee and Receiver.
Financial Agent for Individuals or
$197,649 63
Corporations.
Interest Allowed oa Individual and
Corporation Accounts.
Acts as Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate.
Safe* in Rent in Burglar-Proof Vaults.
Returns of Premiums* Expenses. $430,511 52
$1,659,394 66
The Company has the
follow-
ing Assets, viz.:
United States and State of
City,
New
Bank and
othor Stocks
$5,403,824 00
Loans secured by Stocks and
speci tl deposits in Banks and
Trust Comnany...
1,291,236 62
Real Estate, cor.
E.
Streets, cost. ...$1,017,000
Edward
W. Corner Calvert and German;8tre»t«.
BALTIMORE.
1,547.000 00
Company
75,000 00
Premium Notes and
Bills Re-
2,639,000 00
ceivable
Cash in the hands of European
bankers to pay losses under
1,159,385 19
John A. Brown Jr..
Tlios. DeWitt Cnyler.
Benjamin W. Ktchards
C. Ilartmau Kuhn,
John B. Garrett.
James Speyer,
William H.Jenks.
Richard A. McCurdy,
William H. Gaw,
George G. Haven,
Augustus 1). Jullllard.
Francis I. Gowen,
Edward J. Berwind.
Geo. H. McFadden,
Randal Morgan,
Henrv Tatnall,
Edw. T. Stotesbury.
Isaac H. Clothier,
\. E. Cor. Broad and Chestnut Streets,
PHILADELPHIA.
payable in foreign
eountr ie s
253.1P3 27
225,710 \i
Cash in Bank
Amount...
$10,972,349 20
Six per cent interest on the outstanding cerbe paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the fourth of Feoruary next.
The outstanding certificates of the issu* o;
1896 will be redeemed and paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the fourth of February next,
from which date all interest thereon will cease.
The certificates to be produced at the time of
The United
IN
of Forty per cent is declared on
the net earned premiums of the Company for
the year endins 3 1st December, j 901, tor which
certificates will be issued on and after Tuesday, the sixth of May next.
By order of the Board.
CHAPMAN,
H.
John
TRUSTEES:
Gustav Amsinck,
FTanois M. Bacon,
Vernon H. Brown,
Waldron P. Brown,
"William
B
Boulton,
Joseph H. Chapman,
George C. Clark,
.lames G.
William
1
E
>p
Forest,
Dodge,
Francis H. Loggett,
Leanrler N. Lovell,
Lewis Cass Ledvard,
Charles H. Marshall,
George H. Macy,
Levi P. Morton,
W. H. II. Moore,
John
Douglas Robinson.
Gustav H. Schwab,
Charles D. Leverieh,
William C. Sturges.
A
RAVEN
Active
President.
desire
make DIRECT CONTRACTS with
this
well-established and progresstve Company,
thereby securing for themselves not only an
immediate return for their work, but alto
an increasing annual income commensurate with their success, are invited to communicate with RICHARD E. COCHRAN,
Third Vice-JPrpsident, at the Company't
OClce, #77 Broadway, New York City.
I
I
over # v.oiMMKHl
nanrnnee In For.-* ov«r KtO.IHtO.lt">
Fred.
H. Smith,
Ranker and Broker,
66
BROADWAY,
Member
•
NEW YORK.
N. Y. Consolidated Stock Exchange.
BONDS AND STOCKS
Bought and Sold
lor Cast) or on
Corre
Telephone 2385 Cortlandt.
J.
S.
A. Tompkins.
Mandelbaum.
W. Wood, John Pleasants
Andrew D.Jones; J. L Bl.tckwel.,
Fred'k
W. B. Brooks Jr., Joshua Levering,' Geo. C. Jenkins.
John S. Wilson
Lloyd L. Jackson, James Bond,
H. A. Parr,
D. Baker,
J. S. Lemmon.
G. A. von Lingen, L. F. Loree.
J.
Clayton C. Hall,
:
CAPITAL, $2,000,000.
BUEPLUS & PR0FIT8,
§4,289,362 69.
Trust GowiPANr
Philadelphia.
E. C.
A.H.Rutherfoord.Treaa.
H.P.Page. Sec.& Audit or.
Hathaway, General Manager.
Pres.
Railways and Light Co.
of America,
Executive Offices
Margin.
Finances, Builds, Purchases Electric Railways,
Ice
Electric Lighting Properties. Waterworks,
Plants, etc. Examinations made and reports furnished on all classes of Industrial properties.
Correspondence Solicited.
Company
The Investment
of Philadelphia,
North American Bldg., Philadelphia.
•
82,000,000
Capital Stock,
Surplus* Individ. Profits, $1,000,000
the negotiation and
and capital of Companies on tin
York m Philadelphia Market, and «ill iii
ces upon approved Corporate, Personal or Real
Tins
Company undertakes
Issue of loans
I
Estate security.
r its oharter rights
>i
Kstablished 180?.
:
CONTINENTAL TRUST BUILDING,
BALTIMORE, MI>.
..ei*,
L. Riker.
F. A PARS' >N8. Vi-e-Pres'l.
CORNELIUS ELDERT, id Vice-Prd.
THEO. P. JOHNSON, jd. ViccPres't.
President.
and successful Agent* who
Parish,
Anson W. Hard,
John I). Hewlett,
YORK.
....
George W. Quintard,
A. A. Raven,
Cornelius Eldert,
E^alii Fleitmann,
Clement A. CJrisconi,
A.
Munn, M.D.,
DIRECTORS:
J.WtllcoxBrownj
B.N.Baker,
R. L. Willlams.Vlce-Pres.
FINANCE COMMITTEE:
Frederic A. Parsons,
Henry
CITY
P.
HENRY
BERNARD
VAN
J.Wm.Mlddendorf,
OEO. G. WILLIAMS, Pre*. Ohem. Nat. Bank
James R. Plum,
Leather
Clarence H. Kelsey, Pr.TU.Ouar.dTr.Oo.
to
Secretary.
THE
as Trustee under Mortgages, Assignments and Deeds
of Trust, as Agent for the Transfer or Registration
of Stocks and Bonds, and for the payment of coupons
Interest and dividends.
J. WILLCOX BROWN. President.
J. BOWDOIN, 1st Vice-President.
LLOYD L. JACKSON, 2d Vice-President.
SCOTT. Secy. & Treas.
J.
CARROLL
NESS, Asst. Secy. * Treas.
Lift-
Insurance
payment and canceled.
A dividend
Co.
OF HEW
Trust Funds.
Acts as Financial Agent for stfifceT, Cities. Towns
Railroads and other Corporations. Transacts a gen-
Fidelity
States
$2,125,000.
$2,437,500.
Lends money on approved
eral trust business.
security. Allows interest on special deposits. Acts
1902.
1850.
tificates of profits will
J.
Hutchinson,
-1
SAFE DEPOSIT BOXES, FOR RENT.
Henry Walters,
S.
-
A Legal Depository for Court and
H. J.Bowdoln,
Leopold Strouse,
MANA GERS:
Pemb.
CAPITAL, SURPLUS,-
Wm. A. Marburg,
Page. Secretary.
Geo. Tucker Bispham, Solicitor.
s.
Kfliingham B. Morris,
Other Real Estate
and claims due
policies
N. Ei.y, 1st Vice-President.
00
tion of new build-
the
Morris. President.
A. A. Jack sox, 2d Vice President.
Charles. I. Hhoads, Treasurer.
Paid toward erecin*
It.
W.
William
<fc
TRUST
Maryland Trust Co.,
N.
CAPITAL, $2,500,000. SURPLUS, $7,500,000.
$1,857,044 29
Less salvages
112,031 98
Re-insurances
85,617 65
Wall
ALEX. H. REVELL
CHARLES G. DAWES.
BANKING, SAVINGS
the year which
were estimated
York Stock,
DAWES. President.
G.
John I. Waterbury,
R. T. Wilson.
John Kean,
l/osses paid during
in
CHARLES
W. IRVING OSBORNE, Vice-President.
A. TJHRLAUB, Vice-President.
LAWRENCE O. MURRAY, Secy & Trust Officer
MAX PAM, General Counsel.
Daniel
A. J. Cassntt,
54,889 85
§4,000,000
1,000,000
190iij
James J. Hill,
E. J. Cross,
Taxes
_
.
DIRECT ORS,
January, 1901, to 31st December, 1901
$3,512,389 71
Interest received
during the year.
Sent received
daring the year,
OFFICERS:
from 1st
off
Capital,
Surplus,
JOHN I. WATERBUEV, President.
JOHN KEAN,
_
_.
AMOS T. FRENCH, \ Vice Presidents.
$4 304,241 24
ILLINOIS,
CHICAGO.
Profits,
$2,500,000.
699,323 61
OF
NEW YORK.
& Undivided
Capital, Surplus
$3,604,917 63
Premiums on Policies not
marked off 1st January, 1901.
NASSAU,
ST., cor-
|
Premiums on Marine Risks from
1st January, 1901,
cember, 1901
WALL
21st, 1902.
The Trustees, in conformity -with the Charter
•of the Company, submit the following statement of its affairs on the 31st of December,
1901
Companies.
Qvxxst
ATLANTIC MUTUAL
INSURANCE CO.
LXXV,
[Vol.
Manager
for
t
for the construction of
II
will
acl
tie
pi
irlvate
as Trustee.
onaor
works
@FedFRASER