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—
. .
.,
.
.
.
11
finanrtal
INCLUDING
Bank and
Qiiotation Section
and City Section (semi- Annually)
Street Railway Section ('^'"i-Carii^°')
State
(Monthly)
Railway and Industrial Section (Quarterly)
£ntered aocorilinK to Act of Cons»Tess, in the year
A
weekly newspaper entered
VOL.
Post
at
Office,
190.T,
New
R. Dana Ccmtant, in tlie olUce of Librarian of Congress, WasliinKton, D. U.
secoud-ctasa matter— William B. Dana Co.mpaxv, Publishers, 7<»A Pine St., N. Y.
by William
York,
its
SATURDAY, OCTOBER
77.
31,
NO.
1903.
n
2001.
cek enrlin'i \jCtoher 24
—
Clearinqs at
tiiL.
or
mui.
Dec
PUBLISHED WEEKLY.
Terms
Subscription
ol
—Payable
in Advance
For One Year
For Six MontlLs
Enropean Sub.scription (incluiling pcstage)
RuTopean Subscription Six Monflis (includinsr postage)
Annual Subscription in London (including po.stage)
Six Months Subscription in London (including postage)
$10 00
6 00
New Haven-
127.199.585
11,582,600
2,721,990
134.023,855
9,617,700
1.027.019
1,504.81"
1.172.302
()0
Worcester
7 50
148,
lis.
Sprinafleld
1,052,901
1,297,251
1,378,092
Portland
1,447.06'
13
£2
£1
Subscription includes following Sections
Boston
Providence
Hartford
—
State and City (semiannu.ally)
Bank and Quotation (niontlUy)
Kailwataxd tNDUSTKiAL (quarterly) street Kallway (a times yearly)
918,596
535.353
686,201
450.759
Kail Itiver
New England.
820
4
-I-8-7
4-16
-15-5
—99
1..5:«J,449
—3-8
133.100,966
8,648,000
2.143,081
1.225,289
1.658.880
1,425.094
1,310.477
—21
11S.658, .364
8.522,,400
2,062,,702
1,'264 .9951
1,385 ,746
1,176 6311
1,091 ,803
1,281 265
676 ,770
1,091.301
+8-3
+28-4
7 '29 575
623,143
321.820
149.870.395
155.612,191
—37
152.278,832
136.798.165]
185.527.865
23.095,500
15.542,353
10.089.087
8.000,722
5,480.196
163.984 486
20.025,000
14 518,240
8,880,861
7,5i6.885
5,783.548
4,150.000
3,108,495
+131
161,763,232
17,324.900
12,752.425
1 12.933.231
Holyoke
Total
l,.5:i0
—5-5
+20
494.318
650.342
350.959
Lowell
New Bedford
I
2,.503,01U
4-5-5
387 .489
300 .0001
|
Terms
ot
Transient matter per
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—Per
Inch Space
Chicaeo
space (14 agate lines)
incli
Two Mouths
(8 times)
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Six Months
Twelve Months
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Smith, 1 Drapers' Gardens, E. C, wiu take subscriptions and advertisements, and supply single copies of the paper at Is.
«aon.
Messrs.
<fc
AVILiLIA:?! B. DANA COMPANY, Publishers,
Pine Street, Corner ot Pearl Street,
Box
Post Office
CLEARING HOUSE RETURNS.
Returns uy leleoraph.
Week Eruiino
New York
1902.
Boston
86,640,450
17,036.036
146,806,380
42,123,049
15.029.924
-19-5
—9-3
+2-1
*1,325.20S,831
302,049.621
$1,538,421,439
275.104 613
-13-9
$1,627,258,452
342.016,427
$1,813,526,052
423.297,678
-10-3
—19-1
»1,9T9.274.S79
¥2,236.823,730
—11-5
06,803,22-1
Seven cities, 5 days.
Other cities, 5 days
Total
all cities,
All cities. 1
Total
5 days.
. .
day
all cities
,
for week.
P. Cent.
$1,142,788,740
106,801.976
84.885,881
17,344.093
135.906.419
39,697,899
11,496.451
^920,109,768
Philadelphia
Baltimore
Chlcaeo
St. Louis
New Orleans
The
1903.
Oct 31.
— 1-8
+8-0
+6-1
+36-0
+9-8
the week covered by the above wiU 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
be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Oct. 24, and the results for the corresponding
week in 1902, 1901 and 1900 are also given. Contrasted with
the week of 1902 the total for the whole cotmtry shows a loss
of 17-9 per cent. Outside of New York the increase over 1902
is 3 "7 per cent.
full details for
Week ending 'October
Clearings
at—
1903.
New York
Philadelphia
Pitisburnh
Baltimor-j
Buffalo
Washington.
Albany
Bocliester
Utica
Scranton
Syracuse
Wilmimrton
Wi'iies Barre
Whee.ins
Btutfbamton
GreensbUTi?
Chester
Erie
Franklin. Pa
Total Middle
1902.
S
1,136.2.35.218 1.607.249.424
109,170.957
119.:i05.194
46,404,387
24,173,950
6.767,220
3,669.861
3,737,337
2358.592
Pablicai ioo
1.862.341
1.127.011
1.162.163
1,051.903
742 926
45.199.421
23.612.512
6.593.068
3.678.362
3.623.137
2.189.829
4-2-7
--2-4
4-2-6
-0-2
+3-2
discontinue
d.+"
1.321,491
1,132,132
1,285.292
+40-9
—0-5
669.922
752.105
363.300
561.S14
332.807
+5;o
1.339.710.002 1.817.929,870
Indiaiapolls.
Columbus
4,311), 100
l\Dledo
3 406,997
Peoria
3.051,791
1,754.083
1.857.554
1,353,464
734.000
Grand Rapids
Dayton
Kvansville
Akron
807.306
050.259
051,714
547,009
538,399
478,469
371,764
385,695
III
Youngstown
Kalamazoo
Lexington
Canton
Rockford
v.
O
Bloomington
Quincy
Fargo
Sioux Falls
Total Pacific.
Topeka
Davenport
Wichita
Colorado Springs..
+ 19
+39-6
+8-0
+25-8
+6-3
49.380.029
3.159.130
1.399.354
1,271.256
607.910
500.0U0
203,916
20.368.361
2.132.366
2,625.881
2,661,210
2.422.917
1,041,950
1,095.000
612.687
319,989
78.718
43,633.506
33,387,079
23.344,040
19,616.413
7,070.719
7,161,238
4,867,522
5,138 758
+14-3
21 290,651
1,907.511
1,644 120
1,537,949
+19-3
17.427.601
15.318 493
6.510.767
4.914.586
3,409,189
4,146,977
1,461.210
1.334.874
6,701.718
4,395,669
5,000,000
2,275,248
1,305.79
1.651.280
1,009.406
695.476
St.
Louis
Orleans
New
514,6.59
145.374
178.349
75,734.312
74,471,064
49 ,960,147
48,392,916
14,014,478
9,102.390
9,205.792
17,323,845
Galveston
9 ,031,474
9 ,800,000
5 ,932,500
Richmond
Savannah
4 ,100,000
5 .286.790
Louisville
Houston
Memphis
5 ,943.886
Atlanta
3 ,435,106
Nashville
...
Norfolk
Fort
2 ,432.015
1.,933.2«0
Worth
1900.
s
1,298,080,304 1.141.667,520
1,,680.159
Birmingham
1,,139,879
Knoxville
1,,765,421
Augusta
2,,357,305
Little Rock.
1.,133,86
Macon
i;,131.000
112,792,432
39,761,406
20,344,497
5,860.025
2.245.188
3,140.447
1.928.671
89.257.110
32.737,517
18,932,667
4,972.092
2,057,803
2,675.611
1,859,822
1.314.772
1.296.K13
i.iib.'ode
•1.238.896
796.534
690.650
857.100
867,851
251.147
-1-2
1,048 813
8&2.871
Total Southern
Total
all
Outside
New York.
4,7,38,500
4,044,822
4,273,517
5.232.952
3,233,096
1.843.605
1.684.983
1,509.984
1,239.201
993.571
2.765.216
1.294,144
1,123,000
650.000
481,760
295,034
-
-^6-1
-
-26-2
--31-8
- -72-7
-1-3-4
+ 18-3
110,118,961
2.014.850.550 2,451..342.9S2
3.031.614
—22-4
4.238.50'
—62
+18-8
—6'
18,357.-202
+15
7,457.035
5,906,251
4,739.776
5,122,392
1.553.098
1.627.526
1,345.219
901.23'
443.303
-6-4
—9
—2
—170
+7-4
+26-1
+3-2
+23
6
-0-8
+6-5
+25-2
+ 1-4
+23-7
4-13-6
+6-2
+319
+14-8
4-U-3
-8-1
+77-7
-14-8
-12-4
+0-7
+9-1
800.000
153 191
69,686,881
58,309,226
41,521,500
13,381,382
8.321,017
0,913,901
5.085.000
3,736,768
5,112,192
3.634,585
2.286,134
1,588,237
1,466.567
1,6;«,936
33,996,776
12,507.287
7,741,749
7,229.091
4,251,500
3,078,750
5,833,343
4,213,003
2,076,768
1,103,395
l,428,0l7i
1,189,020
900,000
914.31)3
655.504
567.81
1,910,094
870,544
1,097,000
— 10-9
+ 133-9
+8-7
992.75t>
771,279
445,636
795,4ia
120,443
+08
-34-9
—18-5
+1-7
Not include d in to
773 859 Not include d in to
126,180.037
3.103,0-<!2
-1-8
50,000
123.718
130.000
1,197,015
705,023
772.000
416,.534
405,508
369,513
it^,488
tal.
tal.
100.834.684
89,377.431
-17-9 2.087,479,556
.783.5.^5.404,
1
+3-7
789,399,192
641,887,884
25,092,692
16,053,903
fl-7
5,398.96;
1,489,786
2,402.901
1,591.584
1,368.035
+23-7
+20-8
+6-7
+28-7
+23-1
16,498.941
11,901,850
3,305,796
15,380,116
10,784,131
2,284 910
1,(M)3.934
1,6-28,437
878,615,338
847,093.558
25.521.493
10.541.149
6.0S0.702
1.799.546
1.563.240
2.047.093
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
322,'8d0
Vancouver.
827.102
311,402
Hamilt'.>n
—26-3 1,490.466.763 1,298.193,136
6,89.948
,410.100
Guthrie
Quebec.
tal.
tal.
709.405
400,000
Beaumont
Charle.ston
800.386
690,000
335, 10
Fremont
Total other West 'rn
-30-9
25.458.79t
8,180213
Denver
+21-1
+3-7
326129 +14-0
+10-3
17,294,3,S2
Des Moines
Sioux City
269,073
386.677
439.08»
202,747
302.606
270,187
200,119
186 245
378 943
430,490
356,149
366.311
281.262
226.462
251,830
+4-9
26,191,237
4,877,089
4,936,331
3,841,416
4,013.457
2.054,368
2,095.421
429,812
696,452
244,446
Kansas City
Paul
425 000
28,887,030
5,708,923
4,847,783
2,980,119
3,704.874
2,440,999
2,135.844
599,682
752,670
307,054
Minneapolis
Joseph
+2-2
+19
461,'^00
167.790.367
52,481,978
Omaha
781,331
857,974
592,500
511,708
417,955
5
-f8-4
+•28-9
230.578.861
26,684,582
St.
St.
l,l(i9,0'24
+36
2,475,878'
1,181,366
1,082.516
+60
Ann Arbor
Helena
991,175
677.000
626,442
636,584
547,824
521.394
444,678
461,305
2, 190,006
+125
Jackson
Tacoma
-rl7-2
+ 11-5
240,830,257
313,024
150,000
Spokane
1,604,009
1,584,046
98,3.53
i!27,895
Seattle
Salt Lake City..
Portland.
V5
+
-j-9-4
0,530,787
4,219.572
3,350,000
2.259.559
2,050.292
1.332.890
3,ti06,06'
7,522,9301
5,985,8901
3,027,6331
2,468,550
12.108,0,83
—5-3
+4-7
270,855,832
317,6H0
San Francisco
Los Angeles....
+7 1
+ 13-0
4-14-3
John
London
St.
Victona
Total Canada
4-3-0
1,67^,702
1,377.530
1.107,199
948.:i34
+240
873.1.87
1,150,706;
725,779'
157,953
1,007,004
4-15-0
661,394
871,811
851,813
004.243
795,013
555,486
+7-0
+19-6
678,542
673.296
60,688,121
56.704.365
+70
39,685,081
33,499,186
1.0>,4,594
1,17(>,289
1.
i
13.671,950
10,961,8-25;
60.000
165,10E
138,481
74,803
4 18,573
Total Mid. Western
4-15-3
294,577
286,364
251,691
172,929
181,590
145,000
92,782
•
Decatur.
Mansfield
Jacksonville
Jacksonville
—9-R
407.000
+120
444 263
—20-8
403,873
+21-4
439.779 Srt inclun.- d in to
197.422 Vot ii. elude d in to
24.
1901.
Dec.
—29-3
—8-5
Milwaukee
Chattanooga
inc. or
".0
Detroit
Springtleld.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of aU the clearing houses of the
United States for the week ending to-day, Oct. 31, have
been §1,979,274,879, against $3,014,850,556 last week and
$2,236,823,730 the corresponding week last year.
Clearings
Cleveland
Spriugfleld,
NEW VORK.
9.)8.
Cincinnati
THE CHRONICLE.
1500
THE BANKERS' AND TRUST SECTION.
In onr Bankers' and Trust Section to day, a
copy of which is sent to eyery subscriber of the
Chronicle, we present to onr readers a complete
report of the proceedings of the annual convention of
our
it
[Vol. lxxvh.
is
plain
Of course, being such,
structure.
Industrial
to
reader
the
that
while
the
was being pulled down
business fabric
over their heads, their involvement was in some measure
a possible event.
Had such a calamity been forced in
whole
any degree on this occasion, what suffering it would
the American Bankers' Association held last week at have brought to the country
In those days discredit
San Francisoo.
filled the very air and hence the attack was success!
ful
far
as
disregard the authors
most inexcusable and pernicious trans
have attended the current raid
actions which
on Stock Exchange values has been the discredit
Louis trust companies and
St.
cast upon the
of the
run on them this week it has resulted in.
There is no derangement in financial affairs so
unsettling of coneasy to bring about as the
They are
fidence in banks and trust companies.
large holders of deposits for which as a rule they pay
interest; hence to make their dividends they must
keep those deposits in active employment. It is consequently not feasible for even the strongest of such
institutions to convert their assets into cash and pay
This being the
off those deposits on any given day.
situation, all any one, whose heart is set on evil,
broke
were^; strong enough to wholly
of the attack and down the
potency of silence. Let it be
that comparatively few firms
the market was concerned;
badly, but the bankers
THE FINANCIAL SIT UA HON.
One
so
it
rumors by merely the
remembered, however,
and individuals have the resources to carry them
through so prolonged and severe an attack.
the
has to do to create a panic among depositors of
such an institution is to suggest a weakness and
some plausible reason in support of its truth. The
St. Louis trust companies were most fitly situated for
a raid of that character. The city is on the eve of a fair,
One
of the ramifications of the St. Louis affair has
been a sharp and sadden rise in the New York money
market and that in turn has been followed by a
material fall in the rates for foreign exchange. In
other words, Industrial interests in St. Louis being
disturbed by the withdrawal of deposits, such closeness exists between the related parts of the world's
money markets that a responsive throb was at once
felt In New York and even in London.
So far as the
strain produced on the section attacked was of
casual origin, and not attributable to infirmity,
relief in the form of a n^ovement of capital to
the endangered district must be the speedy upIn conformity with this natural restorative
shot.
process. New York has shipped to the West and Southwest since the run started probably over $12,000,000,
some of it no doubt for crop purposes, but much the
and, as every one knows, large enterprises have teen
entered upon by the city and its people in preparation
Any party desiring to work depositors larger portion to St. Louis, and to other points in the
for the event.
up to a point of frenzy needed only to start the story Middle West jeopardized or scared into fortifying
that the trust companies were not sound and cite the their reserves by this bear attack. Call money has In
and its enterprises as the cause of the involve- this way been forced up to 4 and 6 per cent, and the
enigma now is, what is to happen next ? New York
ment to produce the panic which occurred.
Some writers are explaining this episode in St. must have relief. As already said, foreign exchange
Louis as if it was a natural one a development of has fallen to very near the gold4mport point.
real weakness, a step in the liquidation which has Whether we will get the metal from Europe at this time
been in progress. It is nothing of that sort. The is questionable. Should the monetary strain here not be
short-lived feature of the run goes far of itself to dis- further increased by later developments, probably gold
prove the supposition; besides, not a single fact has will jnot at present be shipped to New York from
Some imports from Australia are likely;
been disclosed which in any degree supports that the- Europe.
can
proattacks
but neither London nor Paris nor Berlin has any
On the other hand, just such
ory.
institution
or
in
a
an
unsoundness
in
gold to spare, and the claim is that they would all
duce actual
firm previously in perfect health. Indeed it would resist a movement of that character.
There are one or two conditions which the investibe an extremely interesting and Instructive study to
fair
—
the failures that have occurred during the last
three months and note the very large percentage of
them which has been the product of bear attacks
sift
and not caused by any inherent weakness in the
not time to stop calling these artificial
and unnatural liquidations natural that is, claiming
or assuming that they are due to inherent rottenness?
Making money at the expense of the character and
victims.
Is it
—
is bad enough
immeasurably
worse, bebecomes
in any case, but it
cause quite unlimited in scope, when It takes the form
of a predatory incursion, preying upon the diverse
Ensncial interests of large cities and communities.
solvency of other Individuals and firms
New York money
mardo not pretend to
know anything more about future events than any one
Our province is facts; and it is merely present
else.
conditions or facts compared with the same conditions or facts a year ago that we would call
attention to.
What we have in mind is that
crops are abnormally late this year, and that
gator as to the future of the
ket ought not to overlook.
the
demand
money
for
to
We
move them must
also be
Again, the price of middling upabnormally
land cotton in New York to-day is 10-60 cents per
pound, against 8 '65 cents a year ago, or 185 cents
late.
make the market
25
more
than a year
$9
value of a 600- lb.
Not
of our banking firms and syndicates was assailed by these ago; or say the crop only equals last year's crop,
same parties with the object of creating a suspicion the total money requirement to pay for it would
of instability, and so breaking the Wall Street mar- be $99,514,615 greater than was required to pay
Those bankers and the enterprises they stimu- for the 1902 crop. Of course we cannot make any
ket.
late are the real instruments of the country's prog- estimate as to the increased supplies of currency these
long since the standing of
ress,
many
higher;
that
of the highest
and are interwoven with and
stand
under greater values
difference
would
bale
will call for.
All
we can say
is,
these
Got.
THK CHRONICLE.
31, 190o.J
differences have got to be reckoned with
If
one would
make a correct estimate of the fatnre flow of money
Many think that the currency
to move the crops.
only $3,00U.
1501
Tne
detailed return In parn
accounted
between the estimated and the
actual loss, one of the largest '.banks showing a decrease of $4,174,300, while two of the institutions
for this discrepancy
which has been drawn away to relieve St. Lonis will
have served its purpose and be on the return in two gained together $3,973,600. The deposits decreased
Tbat is a guess which we cannot $2,066,800, and the required reserve was thereby reor three weeks.
confirm or deny. Alongside of It might be placed an duced $614,200.
Deducting therefrom the 1*^88 of
assumption tbat the bear party, being still short of cash, as above, left $611,300 as the increase in surplus
stocks, will soon be at their work again, and perhaps reserve, making this item $17,944,450.
Computed
provide a scare for the disturbance of the Institutioos upon the basis of deposits less those of $37,200,400 of
of
some other trade centre.
public funds, the surplus
is
$27,344,550.
Loans were
decreased $1,166,500.
Evidence that the tone in financial oiroles has disThis week's bank statement should reflect (besides
tinctly improved is becoming daily more apparent. other interior movements direct by the banks) the
The mo3t striking development the last two or three transfer hence through the Hab-Treasury of $6,635weeks has been the growing investment demand for 000 to the interior. Of this amount $3,435,000 was
bonds.
Bond houses
demand sent to St. Louis, the greater part of which was in respring.
The sponse to urgent demands for currency for the pur-
agree in saying that this
has been the best witnessed since last
inquiry has extended
to all
classes
of bonds
—not
merely to gilt edged lesaes, such as savings banks are
allowed to take, but to issues yielding as much as 5
and 6 per cent on the investment. Buyers secinsd to
recognlzd that a combination of adverse circumstances
had brought prices down to unusually low figures, and
that there was nothing intrinsically wrong with the
securities thems> Ives.
It is to be borne in mind that
dealings in bonds on the New York Stock Exchange
constitute only a small part of the transactions taking
place from day to day. The business done over the
counters of banking houses is of larger proportions,
except when disturbed for special reasons. Bacentl;
this business has rtfldcted the revival of confidence
which has now become so pronounced that it is at
tracting notice everywhere.
As one indication of what is going on, we may refer
to the experience of Messrs. Redmond, Kerr & Oo. of
This house was among the first to note the
this city.
change, and in a circular issued early the present
month presented a list of bonds of different classes
which at tbe then ruling prices appeared unusually attractive. Foar days after the issue of that circular tin y
had to get out another, as in the interval prices had
risen 3 to 4 points.
The demand has been
so activt-
seems to have actually exhausted the floating
supply of many issaes of bonds. Evidence of the im
proved tone prevailing in fioanoial circles is also found
in the announcement which has come this week thai
Messrs. Kahn, Loeb & Co. have purchased 10 million
dollars of Long Island RR. 4 per cent bonds and also
that
it
10 million dollars of Philadelphia Washington &
Baltimore bonds, and that subscriptions to the sycdi
cate formed to i^lace the bonds exceeded the amounts
The Long Island RR. bonds are to be
of the issues.
work of building th»
tunnel under the East River and the Philadelphia
Washington & BiUimore bonds will also be for the
purpose of carrying on improvements chiefly the new
depot and terminals to be provided at Washington.
issued in connection with the
—
All these are good signs.
There was no change in official rates of discount by
any of the European banks this week; compared with
last week the unofficial, or open market, rate at. Lon
don was a shade firmer, while rates at Berlin and
Frankfort were easier. Quite unexpectedly, considering the large outward movements of money as indicated by the preliminary estimates, the statement of
the New York Aesociated Banks last week showed
the surprisingly small net decrease in cash reserve of
pose of reinforcing the reserves of banking institu-
which were engaged in meeting
runs upon them by their depositors. Part of this
money was required by other banking concerns in
tbat city that were apprehensive lest the excitement
might cause runs upon their banks. There were likewise transfers through the Sub- Treasury of $1,650,000
to New Orleans and of $1,650,000 to Chicago, both
of which amounts are included in the above total of
Sab-Treasury transfers; thes3 last-mentioned movements were, however, probably in the main caused by
activity in the cotton and the grain movement.
The
exchanges of refandable bonds for the 3 per cent
tions at that centre
consols have thus far
the redemptions of
amounted
to $7,754,660
5 per cent bonds of
and
1904 to
$9,260,300.
Money on
was firmer this week, icflaenced by
withdrawals of currency for
transfer to the interior through the Sub Treasury and
also by reports of other considerable sums shipped
directly by the banks, and it was regarded as probable
tbat these losses would cause an important reduction
(n the cash reserves, thus making an unfavorable
bank return. Bankers' balances Joaned on the Stock
Escchange during the week at 5 per cent and at 3^
per cent, averaging about 4 per cent.
Oa Monday
loans were at 4 per cent and at 3^ per cent^ with the
bulk of the business at 3^ per cent. Oa Tuesday
transactions were at 3 per cent and at 3^ per cent,
with the majority at 2f per cent.
On Wednesday, in
consequence of the large withdrawals of money for
transfer to St. Louis on the previous day, loans were
made at 5 per cent; the lowest rate was 3| per
cent and the bulk of the businesa was at 4
per
cent.
On Thursday transactions were at
5 per
cent
and at 3^ per cent, with the
majority at 4^ per cent.
On Friday loans were at 6
per cent and at 4 per cent, with the bulk of the
business at 4^ per cent. Time contracts were firm^
with small offerings and a light demand. Q notations
on good mixed Scock Exchange collateral were 5 per
cent for all periods for from sixty days to six months;
but no transactions were reported. Borrowers are incall
the above-noted large
disposed to
make
contracts for the shorter date,
and
expected that early in the new y ear offerings will
be abundant and thea loans can probably be effected
on more favorable terms for later maturities. Commercial paper is quoted nominally at 5^@6 per cent
It is
for sixty to ninety
also for
day endorsed
prime four to
six
bills
months
and
names, and
receivable
single
THE CHRONICLE.
1502
6@6|
per cent for good paper of this clasB.
No
mi
buai-
done with local inatltutions, and only a mod'
erate amount, at 6 per cent as the minimum, with
tenk British
of
rate of discount re
The cable reports
discounts of sixty to ninety-day banlc
per
cent.
Sight
5 60 dan
ISlKht.
j 60 days
( SlRht
< 60 Atkjt
J Sight
}
.
England minimum
mains unchanged at 4 per cent.
3i@4
iUOdays
Brown Broi.
MMoonftCo..
Eastern buyers.
The Bank
The open market
bills in
23
Oet.
r'338 Is
London
rate at Piria
is
2t per cent and at Berlin and Frankfort it Is 3^@3f
per cent. According to our special cable from London,
the Bank of England gained £787,600 bullion durinjj
the week and held £33,413,770 at the close of the
week. Our correspondent further advises us that tht
gain was due to receipts of £663,000, of which £600,
COG from Bombay and £133,000 bought in the opei
market, to exports of £136,000, of which £100,000
No. Amenoa..
jaok of
Montreal
Canadian Bank )60da7a
of
Commeroe.
i
aaldelbaoh.lokalkelmer i Co.
Liaiard Frerei
5
(
5
.
J
ilerohantt' Bk.
of Canada
Vol. lxxvii.
I
)
\
Sight
60 daya
Bight
60 days
Sight
60 dart
Sight
MON.,
TU»8..
wbd.,
THUB
Oct 26.
Oct. 37.
Oct. 28.
Oct. »9.
FBI.,
Oct. 30,
83
4 H3
4^6«
8S
4 88
4 86)<
fc8
83
8e«
86H
8^^
82)i
86
83
SS
83
86X
86«
82Vi
88
4b8
4 8e«
83
83
88
86«
86H
86«
'^
4 88
88
83
88
88
4-6>4
86^
86«
88
88
88
88
E6«
88H
83
4
86K
82^
e6i<
4^6«
8e«
86H
f6«
4 88
83
88
83
8t>
82ii.
86
86
83
88
66>a
88
8f«
4
83
88V4
86^
86«
86H
f6«
82H
4
4
4
88
87
88
88
83
86^
sen
86
83
8«
82K
4^a>4
86
86
The following
to
and from
Week enUng
gives the week's movement of money
the interior by the N«w York banks.
Cnrrenoy
Sold
Total gold and legal tenders.
SMpved bv
S.T.Banks.
Rteeived by
October 80, 1908.
T. Banks
!i.
to Egypt and £35,000 to South America, and to re
ceipta of £260,000 7iei from the Interior of^Great Brit
.
Net Interior
Movement,
Loss
$6.4' 1.000
$2,474,000
$8,i'46.00'l
1,621,(100
8,462.000
Loss.
1.841.00©
$4,005,000
$18,407,000
Loss.
8,812,000
With the Sab-Treasnry operations the
aln.
86
83
result
is
as
foUows.
The foreign exchange market fell off sharply thi?
week to the lowest rates of the year, ItflaencedchUfl
by dearer money in New York, which tended greatly
employing their bal
ances in the loan market in preference to buying biUe.
There was also a good supply of commercial draft?
against cotton and grain, there being a free expon
movement of both these staples, the former stimu
lated by large purchases by Eoglish spinners and the
to restrict the inquiry, bankers
Security bills
by a general European demand.
wereoffered in considerable volume, and announcemeLt
was made of the purchase by the banking house of
Kuhn, Loeb & Co. o; two blocks of $10,000,000 each
of 4 per cent bonds, guaranteed by the Pennsjlvacia
Railroad Oo.; this transaction was claimed to have
had a sentimental influence on the exchange market,
Week ending October
Banks Interior movement, as above
Sub- Treasury operations
The
paid 1901,141 40 for domestic bullion. Gold
received at the Custom House during the week,
21,200,000
82,700.000
$26,295,000
$85,107,000
Loss
amount
9," 18,000
of bullion
October 80, 1902.
of
Sold.
saver.
lotal.
Gold.
Silver.
lotcU.
£
£
£
£
£
£
33,413,770
33 413,7"' 34.09 .611
84,090,614
9H.7 14.-27 44,180,flfl 140,S95,4"8 101,4 8,6rt<- 44.851,649 146,760,316
36,469,' 00 12,4 62,000 47,981,001' 31.S<1,0
ll,6«8 000 42,919.000
77,477,000 6,799, "0 84.876,000 71,V99.000 6.68'',000 78.686.000
46,186,000 12.225.000 58,411,000 45,8 0.0011 12,225,000 68,036,000
England
Pranc«
Germany*....
aussia
Aus.-Hnng'y*
^paln
14,520,000 19.244,000
33,764.(100
Italy
20,485,000
22.88f-
Netherlands
Nat. Belg'm.*
.
Tot.thl8
Holdint$.
Loss. $8,312,000
Loss. 1,600,000
European banks.
October 29, 1008.
Bank
latter
based on the atfsumptiou that the greater part of these
issues would be placed abroad, thus providing large
amounts of exchange. Continental bills declined in
sympathy with the fall in sterling, and the whole
market was quite weak on Thursday. The Aasa^
$18.4^7.000
following table indicates the
the principal
Net Ohange in
Bank
Banks.
$t,0P5.00f
Total gold and legal tenders
in
Out of
Into
Banks.
SO, lUOa.
week
rot. prey, w'k
4,061.400
2.403.300
6,83 '.9 '0
8,224.667
1,612,833
14.3112,0(10 19,4 '9,000
33,151,000
800
16,29«,000
2,(>40,4(»0
18,338,400
10,89».3o0
4,691,800
6,452,200
11,143,400
4,837,000
8,108 ,6'17
1,6=4.833
4,663,000
V
<31,65l,5e4 10> 2rt4l!14 4SH,- 5,7- 32
34,147 I .84582 427.3^1,789
8,'<ll',16i 10514 Ka99 483.967.861 32l,!t76.626 10505H119 429,434.746
1
'Xlte dlvlalon (between gold and sliver) given in oar table of oolB
«ad bolllOD In tbe BanA ol Qermany and tbe Bank of Belglam 1b made
'
(root the best
estimate
we
are able to obtain
;
In neither case Is It
banks make no distinction In tholr
weekly returns, merely reporting the total gold and silver, but we
ilalined to be acoorate, as those
Office
>elleve the division
$19,370.
The Anstro-Hnngarlan Bank Statement Is now issued In Kronen and Heer lnstea<l of Qnlden and Krentzer. The rednotlon of the former onrrenay to
iterltng £ was by considering the Gulden to have the value of 60 oents. As
Nominal quotations for sterling exchange are 4 82^
@4 83 for Blx^y-day and 4 86@4 86| for sight.
De Krone has really no greater value than 20 cents, our cable oorreapondent In
Uondon, Id order to reduce Kronen to X, has altered the basis of oonverslon by
dlTldlns the amount of Kronen by 84 Instead of 80
Monday
we make
Is
a close approximation.
t
rates for actual business were 10 points lower
around, comparLd with those at the close or
Friday of last week, at 4 823r @4 8240 for long, 4 8660
@4 8670 for short and 4 8611(^4 8626 for cables. Ou
all
THB WORKINGMAN AND THE TRADE
OUiLOOK.
We do not take very seriously yesterday's announceTuesday the market was leas active, though generally
K'
ment
of a** big strike" In the Iron trade ordered
fell
heavy, and while long was unchanged, short
points to 4 8S6f @4 8665 and cables 6 points to 4 8606 Thursday night by a faction of the Structural Iron
@4 8616. On Wednesday the market was weak, at a ^ork(>rs. This action was well understood to be an
decline of 20 points for long and short, to 4 8210@ attempt of a discredited element the element, In
4 8220 for the former and to 4 863( @4 8540 for the fact, of which the wretched Parks was active leader
to assert Itself, and to make Its self-assertion loud
latter; cables were 16 points lower, at 4 869( @4 86,
enough by the magnitude of its claims to command
On Thursday there was a sharp drop all around. Lor
attention. The President of the Ualon remarked, after
fell 35 points to 4 8I75@l 82, short 30 points to 4 86
@4 8616 and cables 40 points to 4 866(|@4 8666. Tn. he vote, that a settlement was possible wl'hin a day.
We tbink the stronger probabihy is that there will be
tone was firmer at the opening on Friday, bu
later it grew weak, and closed at a decline of 16 no strike at all, and we are very certain that nobody
Is gravely disturbed at the Iron Workers' vote.
points for long and of 6 points for short and cables
Oar reasons for this opinion are three in number:
The market closed at 4 8160@4 8176 for long,
4 8496@4 8610 for short and 4 855u@4 8660 for cables. first, because the worklngman is beginning to nnderCommercial on banks 4 814( @4 8l60 and docnme^.t^ itand what sort of men have been leading him into
Cotton for payment 4 8 | Btrlkes and what their purpose was; second, because
for payment 4 8( ^@4 81^.
04 801, cotton for acceptance 4 814C@4 8160 and gralL the laborers aLd their families are learning what selfimposed idlenes] really means; and third, because they
for payment 4 81|(^4 81|.
—
j;
t,
Oct.
THE CHRONICLE.
31, 1903.
are doc sDuttlug their ejts, any more thaa tiieir
em
ployera, to signs of relaxing trade activity.
The
public mind
may
be said, perhaps, to haye been
surfelttd by the evidence of blackmail by labor dele-
extracted of late by the toilsome processes of
the court.
We think, however, that this week's evi-
gates
dence In the Tiffany case will make renewed Impression; more partlculurly because there are some signs
that labor itself Is beginning to recognize the truth.
The conviction of Pirks for the second time on Prl
day, after what amounted to a confession of guilt, can
scarcely fail to exert some influence in such quarters.
The District Attorney, In one of his campaign
speeches this week, was Interrupted by the query,
"What about Sam Pdrks ?" He replied: "If you
people knew how the wives of men in the Housesmiths' and Bridgemens' Union came to me to beg me
to put Parks where the dogs wouldn't bite him, you
woulan't ask." This put the case colloquially as observant people have known it to stand and as the
1503
Tne American woiklogman, as Mr C<*rnegle once
remarked, reads the newspapers. He could hardly
read them In these days without perceiving the spirit
of caution which has spread through the business
organism. It cannot be described as pessimism; in
the West the recent buoyant hopes are still displayed.
But the reaction on the Stock Exchange, the curtailment
of profits in
some
Industries,
and the precaution-
ary laying off of bands by numerous large employers, are
at any rate slgos that the relation of supply and de-
mand
world at large has altered very deAt that time a general feel*
Ing of the producing community that volume of output could not be relaxed coincided with a demand for
labor greater than could be met by immediate
supply. This is distinctly not the case to-day if a surIn the labor
cidedly from a year ago.
vey
is
made
of
American industry
intelligent laborer
is
as a whole,
aware of the fact as is
Eeason governs in the
as well
the intelligent employer.
long run opinion in the labor field and
suspect that the cooler heads are advising
workingman is now coming to recognize It.
The testimony of the Tiffany managers threw some which
and the
we strongly
now a policy
keep what can be kept of past advantages
extraordinary light on the relations of these "walkirg rather than one which will forfeit all that has been
delegates" to thoir unions. "Does this money go to gained.
the union?" aeked one of the managers when discusTHE TENDENCY TO CENTRALIZATION.
sing the 1600 blackmail which he testified Parks demanded of him. "It goes to Sam Parks and a few
A case decided in the Federal Supreme Court durothers," was the reply as repeated in court; the fur- ing the past week is notable in several respects.
ther remark, garnished with an oath, being that he Oae of them Is the Insignificance of the matter Intrinhad "lost his health forthe thankless crew'^ and "now sically, the contest having arisen over repairs to a
Parks was then asked canal-boat, amountina; to $154, while the boat itself
I am looking out for myself."
by his victim, according to the testioaony, how the was sold for one dollar more than the repair bill. The
men would take the arbitrary calling-off of the strike. boat plied on the Erie Canal, and an attempt was
His answer, as repeated in court, was simply this: made to collect the bill by enforcing the State's
If any of them has a 'kick' contract-lien
Eoforcement was sought in
"I've got them mtizzled.
law.
and was resisted there on
State
courts,
to make, I'll fine him flfty dollars and put him off his the
job."
the
ground that the contract was maritime,
We refer to these not over- pleasant passages in a and thus came among the cases over which only the
vulgar blackmailing episode, not because they would Federal courts have jurisdiction. A full report of the
ordinarily be worth the attention of a decent man, but decision is not yet public, and so we do not know the
because they throw so astonishing a light on the situ- early details of the case ; but they are not necessary
ation which so recently existed throughout the domain to the purpose, since this petty affair, which seems
of industry, in consequence of which respectable miserably out of place in occupying the time of the
employers submitted shamefacedly to pay blackmail higaest tribunal, has drawn from that tribunal a deIn the back rooms of saloons, while equally self- cision upon the question whether the admiralty jurisrespecting workingmen asserted that, whatever might diction of the Federal courts extends to canals and
be said of the methods of this "leader," he was at any canal boats. It is this alone which gives the case any
rate the only effective agency of getting their wages consequence.
raised.
The Fdderal Constitution provides that the powers
There are more reasons than one why the working of the United States shall extend * * * "to all cases
The word
men's eyes have been opened to the true sltaatloD of admiralty and maritime jurisdiction."
created by the practices he tacitly endorsed. . The in- "admiralty" is a substantive, and is here borrowed
fluence of their wives, referred to by Mr. Jerome, has from the mother country; Admiralty Court, or jurisbeen one potent f Victor. Women, rich or poor, are diction, or cases, distinctly belong to naval or marioften more steadfast than the men in enduring priva- time cases or causes, and the entire phrase in the
tion when principle is at stake, but they are quick to Constitution is to be taken as one expresson.
Insee when principle has vanished and when nothing asmuch as the sea belongs to no country and
remains but a vulgar fraud of which their husbands atlU less to any part of a country, but the
and families are the victims. It would need a very dull entire country is concerned therein, it was never
brain not to penetrate the truth of such facts as have disputed that maritime affairs are outside of State
been elicited this week in court. But warning evi- control and exclusively within Federal jurisdiction
dence from other directions has been emphasizing Bat in trying to evade a bill for 1154, somebody has
still more impressively such convictions.
The out-of- sought that 3 arisdlctlon, and the Supreme Court, by
town labor leader who this week quietly warned his a bare majority, has decided that a canal Is part of
constituents that, with the present feeling that some the sea; and a canal- boat is a ship, within the meaning
reaction might be experienced in traie, this was no of the admiralty laws and of the Constitutional protime to take chatces in another wage struggle, vision upon which they are founded.
toncned on a phase of the qaeation which more and
Speaking for members of the Court, Justice Brown
more of the workingmen are coming to understand.
held that the only distinction between canals and
will
THE CHRONICLE.
1504
other navigable waters Is that the former are made
navigable by artificial means, and are sometimes
though not always within the limits
this case, while the canal
is
of
one State; in
within one State
it is
part
I
Vol. Lxxvii.
TBE ST. LOUIS & SAN FRANCISCO REPORl.
The
& San
Francisco Railroad Company
From having been a
comparatively small system it is being developed into
a very large system through the building of new road
and the acquisition or control of existing properties.
Its annual report must be Interpreted in the light of
is
St.
Louis
in a state of transformation.
highway which may be said to
extend even across the ocean, and it is navigable
to vessels which also move upon the
Hudson.
The use of horses for draught is only an incident, and the power employed is subject to change. these facts.
We are speaking of the San Francisco
As reported, he declarad that the line could be drawn as a separate and distinct concern without reference
only at row-boats; but It ia not clear why a linelsbould to the independent projects of the Rock Island Combe drawn to exclude those, especially in view of his pany, which latter dominates its affairs through the
declaration that ''neither size, form, equipment nor ownership of nearly the whole of the company's $29,means of propulsion are determinative factors upon 000,000 of common stock.
Iq referring to the additional road built or taken
upon the question of jurisdiction, which regards only
the purposes for which the craft was constructed and over, we do not have in mind the earlier acquisitions
like the Kansas City Fort Scott & Memphis, the
the business in which It Is engaged."
On the other hand, Justice Brewer, speaking for Kiusas City Memphis & Birmingham, the Fort
himself and Justices Peckham and Hirlan, with the Worth & Rio Grande, etc., and which raised the old
Chief- Justice, denied that "under the true interpre- lotal of mileage from about 1,500 to 3^000 miles.
We
tation of the Constitution the admiralty jurisdiction are adverting to the lines more recently acquired, some
of which are now included directly in the San Franof the Federal courts extends to contracts for the re
pair of vessels engaged wholly In commerce within a Cisco's operations, bat others of which are still mainalned as separate properties. For 1902 3 the average
State." The maritime law, he held, was originally
meant to cover only the sea, and its exten- length of road on which the statistics in the report
sion to navigable streams was meant to cover oulj? are based was 3,675 miles, which compares with an
those streams which are navigated by ocean- going average of 3,252 miles for the twelve months preceding.
This is an increase of 423 miles, or 13 per
vessels.
of
a commercial
This certainly seems reasonable. TheEistBiver
here lies wholly within this State, and therefore be
cent.
But these
show
merely the changes In
Actually, 624 miles were added
figures
average mileage.
during the twelve months all new extensions the
as much an arm of the aea as a bay is.
Hence the total of main track June 30 1903 being reported as
Government holds jarlsdiotlon, and this city can- 3,938 miles, against only 3,414 miles Jane 30
not bridge the strip of water without consent. Bat 1902. The enlargement of the system by the conJustice Brewer recognizes the fact that the Erie struction of 524 miles of road is a distinction
canal was built and is owned by the State.
It can- which very few roads can claim for the twelve
not be for a moment assumed, he says, that the months in question. Of the new track laid, 290 miles
National^Government can Interfere as to the size and was In Oklahoma Territory and 144 miles In the
depth^of this canal, Its locks and bridges, or other Indian Territory, making 434 miles in that recently
longs to this State as far as location can govern; yet
it is not only navigable by ocean-going vessels, but is
incidents of control; hence
seems anomalous, in
his'view, that when a State builds and owns such a
waterway it cannot take Its own method«of enforcing
claims for work done on the vessels, such vessels beIngJ'^of a character which prevents their being used
for any foreign commerce."
It
It is a striking coincidence that just as the people
of this State are to vote
upon a proposition
to greatl;
—
opened part of the country, where the soil is marvelously fertile and where population is growing with
amuzlng rapidity. Much more new mileage is under
construction In the same sections, as may be seen by
reference to the company's annual report, which we
publish quite at length on subsequent pages.
The
above, moreover,
comprises merely the lines
which are treated as direct parts of the San Francisco
system and included in Its operations and accounts.
own expense, this canal which the
and owns, the Supreme Court has de The additions represented by roads
enlarge, at their
State has built
—
ment, which declares that "the powers not delegated
to the United St^ates by the Constitution, nor prohlb
Ited by it to the States, are reserved to the States, re-
maintained
as separate properties have been of yet greater magnitude and of still larger Importance. In enumerating
these, we may begin with the Chicago & Eastern Illinois (comprising some 700 miles of road), the greater
part of the common and preferred stock of which the
Sin Francisco has acquired. This gives the company
an outlet to Chicago. A link to connect the two will be
provided by the San Francisco building a small piece
of road from Flndiey to Pana, III., while from the latter point to East So. Louis the line of the Cleveland
Cincinnati Chicago & St. Louis (which Is laying a
double track for the purpose) will be used.
The St. Louis Memphis & Southeastern Is another
road which has been acqaired. When completed this
win comprise 416 miles. At present 304 miles have
been built. The remainder, it is thought, will be in
This road
operation by the end of the current year.
will give the company a new and direct route between
spectively, or to the people."
St. LonlSi
cided that the State does not
own
it
In the sense of
Moreover, this decision offers one more
instance of an ominous tendency to centralize and extend the powers of the National Government. The
original Articles of Confederation, in 1777, after
announcing the title of the United States of
America, began by declaring that ''each State retains its sovereignty, freedom and independence, and
every power, jurisdiction and right which is not bj
this.Confederatlon expressly delegated to the IJulted
States in Congress assembled." The war having
jarisdlctlon.
drawn the States more closely together, tnis idea of
reserved rights was not so distinctly expressed in the
Constitution adopted ten years later; but It
nificant fact tbat It re-appeared in the Tenth
is
a sig
Amend
still
Memphis and Birmingham, and
will
form
—
Oct.
THE CHRONICLE
31, 1903. J
have of course played their part
great augmentation
In
the
in
expenses here
This com- disclosed, and damage done by extraordinary floods
a part of the through line conneotlog Chicago, St.
Then the St.
Louis, Memphis and New Orleans.
Louis
& Gulf Kailway
has been taken over.
completed road and has 70 miles
more under construction. It is described as covering
a fertile territory in Southeastern Missouri, and is
expected to be a valuable feeder to the St. Louis
Memphis & Southeastern and the Chicago & Eastern
Mention should also be made of the Ozark
Illinois.
& Cherokee Central Railway and the Shawnee Oklahoma & Missouri Coal & Railway. The two together
form a line from Fayettevllle, Ark., to Okmulgee,
The Jine was completed In June
I. T., 144 miles.
Francisco assumed control of the
the
San
1903, and
operations of both companies on Jaly 1 1903.
With this outline of the extensive nature of the undertakings which the San Francisco Company Is car*
rylng through, the reader will be prepared to Interpret
the financial and Income results revealed by the
report. As might be expected, the financial operations
of the year have been of exceptional dimensions.
The
net increase in the system's funded debt for the twelve
months has been no less than $17,725,500, the larger
items In this being the Issue of $12,127,000 of St. Louis
& San Francisco refunding 4s to cover the cost of various new extensions and of certain Improvements, and
prises 196 miles of
the issue of $4,000,000 of collateral trust 4 per cent
gold notes for the purpose of acquiring the St. Louis
Memphis & Southeastern.
Besides the Increase in
funded debt, additional equipment notes in amount
of about $3,000,000 were issued. The company increased its freight equipment almost 25 per cent during the year, raising the number of freight cars from
16,939 to 21,129. Furthermore, $2,149,136 in 4i per
cent notes were issued as part of the transaction
by which the Oklahoma City & Western RR.
and the Oklahoma City & Texas RR. were
acquired. The transaction was closed on the basis
The
of one-third cash
and two -thirds notes.
notes, of which there are cwo (one maturing March
10 1904 and the other September 10 1904) will be
paid when due, the report says, from the sale of bonds
issued for the payment of the road, and which are now
in the treasury of the company.
There has also been
an addition to the amount of ordinary notes payable
from $840,000 June 30 1902 to $2,215,000 June 30
1903. This and the increases in some of the other
items of current accounts are the result, it is stated,
of the large expenditures for construction purposes
and for the acquisition of additional property. As
soon as the financing of the new properties which are
being constructed
paid of.
is
completed, these
1505
liabilities will
be
supplies,
&o.,
the
year
contributed
to
the same
course
the additional mileage
operated has been no less a feature in the result. It
Is to be noted that In the previous year the outcome
part
of
But
end.
was
much
of
the same.
W th
$2,296,603 gain in gross,
there was but $234,020 increase in net. In other
words, in two years gross has risen from $19,324,279
to $24,289,510, but net has
moved up only from
$7,-
914,392 to $8,413,534. In the same interval the average length of road has risen from 2,923 miles to
3,675 miles.
This last furnishes a clue to one of the main reasonsi
for the lack of greater Improvement in net. In other
words, the business of the new mileage added has
been developed as yet only to a limited extent.
The same remark applies in explanation of the
smaller surplus remaining on the operations of
After providing for interthe twelve months.
est and rental charges and the 4 per cent dividends on the first and second preferred stocks of
the company, a surplus of $634,975 remains for
1902-3.
This is a very satisfactory outcome considering the conditions which prevailed, even though in
1901-2 the surplus for the twelve months was $1,472,President Yoakum describes the situation with
198.
entire accuracy when he says that In consequence
the considerable new mileage opened for
of
traffic during
the
year
the increase
in
the
fixed
company's
charges
temporarily
is
out
Mr. Yoakum also
of proportion to net earnings.
points out that the territory served by the new lines
is not only productive, but Is being rapidly developed,
and is now raising and marketing since the close of
the fiscal year Its first crop. Therefore both gross
and net earnings, on these lines, have been smaller
than they are likely to be in the future, while the
full interest charges have been borne thereon aince
taking them into the system.
In closing, we would direct attention to the fact
that in face of all the drawbacks encountered, the
company was able to increase its average train-load
from 187 to 195 tons. I'his is important as showing
that operating efficiency is being carefully looked
after and s&eadily advanced.
2 SB
EXTENSION OF THE GOLD
STANDARD.
The formal report o^ the Commission on InternaExchange was made public early this week and
tional
throws a strong light on their work in Europe during
the past summer.
They
All the details of the finances are stated with great
frankness and fulness, and no point in the operations
of the year is apparently left uncovered.
Further-
interested in the Chinese indemnity or in Oriental
more Stephen
the accuracy of the
colonial enterprise approval of the principle of the In-
The method of financing the Chicago &
Eastern Illinois acquisition is of course known to our
readers; $6,267,550 of Preferred Stock Trust Certificates and $17,660,500 of Common Stock Trust Certifi
cates were issued in exchange for the stock ac-
troduction of the gold standard into China." In this
mission they seem to have been completely successful.
A committee of eminent bankers and financiers was
appointed In each country to confer with the American
quired.
at all
Little
certifies to
accounts.
The income account
in the
operated, comprising,
report covers the road
as already stated, an
average of 3,675 miles in 1902-03, against 3,252 In
directly
''was to secure
state that
their first task
from the leading powers of Europe
Commissioners and resolutions or reports were adopted
the capitals visited In favor of the principles
There were some
which the Americans proposed.
details,
but
these are comdifferences of opinion as to
paratively unimportant unless they result in opposi-
On this basis an increase of $2,668,628 in tion to the work of Professor Jenks, who has gone to
shown, with a gain of only $265,122 in net. China as the representative of the Commission. It
Higher wages and enhanced prices for fuel, materials. was to forestall such opposition that the American
1901-02.
gross
is
THE CHRONICLE.
1506
and Mexican Commissions ylsited London, Pt»ri8, BerIt Is at Peking, however,
lin and St. Petersburg.
mast
be settled of the plan which is
that the details
to be actually carried out, and Professor Jenks ap
parently has a free hand, from his associates on the
Oommlsiion as well as from Earopean governments,
to bring the gold standard Into operation In the best
practicable way.
The American proposals, as submitted to the
various Earopean commissions, involve the issue of a
coin having a fixed gold value from the outset, in
accordance with the plan adopted by the United
The commissions of Great
States in the Philippines.
Britain and Russia preferred the policy of first es
tablishlng a uniform silver currency and afterwards
taking
steps,
through control of the foreign
ex-
changes, to raise the coinage to a fixed gold par.
This la the policy which is being pursued by Great
Britain in the Straits fiettlements and by France in
Indo- China.
The French Government seems
to have
[Vol. Lxxvir.
ueuieuts, Fiench Indo- China aid Mtxlco Wcre going
on the gold standard, has been to depress silver. This
bas been the case in the face of a continued large absorption of the metal by ladia to an extent during
the present
autumn which seems
to be causing almost
a famine in the sliver market.
There is nothing improper in the effort of the Government of Mexico to
reverse this sentimental tendency by seeking to convince the world that the adoption of a gold exchange
standard in former silver-using countries will tend to
enhance their prosperity and increase the demand for
silver for their token coinage.
This was evidently
one of the objects of the Mexican Government In proposing joint action, but there appears to be no doubt
that Mexico Intends to set her face resolutely towards
the gold standard, whether silver falls or rises. Her
explanations in Europe of the actual relations between demand and supply, according to present methods of production, seem to have counteracted the
sentimental Impression that the adoption of the gold
standard would necessarily be the death knell of silver
adopted this policy In Indo- China because it already has a silver currency In circulation there, but as a commodity, and In this respect to have cleared
the air for carrying out her own monetary reform.
It has endorsed for the Chinese Empire the prinIt is interesting to ob
Whatever may be the merits or demerits of the prO"
ciple of the American plan.
serve that Sir Robert H^rt, the eminent EoglishmaD ject of the American and Mexican Commissions, and
who has been so long at the head of the Chinese Marl whatever delay may be caused by unexpected obstatime Customs, also gives his endorsement to the prln cles in putting China on the gold exchange standard,
clple of the American plan of starting on the gold there is no doubt that the ultimate tendency of their
plans must be the extension of the gold standard
standard.
The importance to the commercial world of restor- throughout the world. This does not necessarily
ing stability of exchange between the gold aad silver mean any worse position for sliver as a commodity
countries was emphasized by the Financial ChroN' than it enjoys to-day, but probably means in many
ICLE when the proposals of Mexico and Onlna on this Oriental countries a larger demand for the metal for
subject were received by our Government last winter. subsidiary coinage by reason of an enlarged volume of
In the plans proposed by Mexico and
It was then pointed out that the policy of bimetallism exchanges.
was not suited to the solution of the problem and thai China, h wever, there is provision for the automatic
The Introduction of gold Into the circulation as soon as
a solution must be sought along other lines.
The mints
project of the Mexican and American commissions, local conditions become suited to its use.
experts
in
will
be open to the free coinage of gold, and It is
which now has the endorsement of the best
This
project
In
highly
this
probable that in Mexico, at least, this provisto
view.
conforms
Europe,
volves the establishment in China and other silver- ion will be availed of by the bankers for strengthenusing countries of the gold exchange standard, on the ing their metallic reserves. In Ctiina, the employmodel of British India, the Netherlands and the Phil ment of actual gold in circulation will probably come
Such a system Is the nearest approach to a more slowly, but under the plan of the two commisippines.
gold currency which is practicable In countries where sions It win come as rapidly as the country requires
the scale of wages and prices Is so low that a gold sov- it, gradually r^isplaclrg silver in large transactions
ereign would represent in some cases the earniogs of and strengthening the reseives of the banks, without
two months. Setting aside the chimerical project for change in the unit of value or any jar in the process
Unking together two different commodities of widely of transition.
The American and Mexican commissions have unvarying supply and demand which has gone under the
name of bimetallism, the proposal to give a fixed doubtedly done wisely in taking in hand the problem of
value in gold to silver coins by adjusting the output establishing a par of exchange between East and West,
to the demands of trade and providing for redemption even if it appears in the sequel that the difficulties to
in gold is the only available method for putting an be surmounted in China will delay the execution of
end to the fluctuations of exchange between the Oc- their program. It was time for a beginning in the
cident and the Orient, which during the last few matter and this fact seenos to have been frankly
years have tended to hamper so greatly the extension recognized by the Chinese Government and its diplomatic representatives in Europe. That many practical
of trade and the Investment of capital.
The influence of the proposed plan upon the gold difficulties will confront Professor Jenks in persuadprice of sliver has been a subject of comment and ing the Chinese Government to adopt the gold standeven suspicion in certain sound money journals. Sil- ard system and, having secured its formal approval,
ver has naturally become anathema in many quarters to give it practical effect, la frankly admitted by the
They rightly
in the United States In view of the painful experi- report of the American Commission.
that
the
pandering
suggest,
however,
United
States
po
in taking
by
to
undergone
ences which we have
lilical and unscientific treatment of the subject. The the lead in ihe matter is in a better position than any
aantlmental effect of the suspension of free coinage In of the other Powers to escape international jealousies,
India, the repeal of the silver-purchase clause of the and that it will redound greatly to the credit of this
Sherman Act and the successive announcements thai country and to the extension of the world's trade If
Japar, Russia, the Philippines, Slam, the Straits Set- the project
la
carried out.
Oct.
THE CHRONICLE.
31, 1903.]
1507
ITEMS ABOUT BANKS, BANKERS AND TRUST CD'S
proximity to the street.
The coupon booths, directors' ofand
ladies'rooms
fices
are
all
pleasantly appointed and niceweek
aggregate
159
—The public sales of bank
ly
furnished.
Its
well-known
President, Mr. Charles Falls,
shares, of which 135 shares were sold at anotion and 84
given
institution
has
the
the
benefit
of his ability and expeshares at the Stock Eschange. Only one lot of trust com
architect
in
rience
an
the
as
building
of his new home. The
pany stock, amounting to 7 shares, was sold at auction. No
location,
at
the
company's
junction
of Washington and Foursales of either bank or trust company shares have been made
stocks this
in the
Skaret.
Bakks— y«i» York.
*5 City Bank, Natlon»l
'29 Commero*". Nat. Bank of
1T41
5
64
15
7
*
Price.
260
213
100
Federal Bank
Leather M»iinfao'r8'Nat.Bank 810
215
MfroHiitlle Nat. Bank
576
West 81 Jo Bank
Tbust COMPAinKS— jy«io York.
200>«
BowUng Green Trast Co
Last pre9i(ni$ tale
Oct. 1903— 265
Oct. 1903 - 21%
Oct 1903- 100
Oct 1903— 316
Oct. 1903— 225»fl
July 1902— 695
Oct 1903— 226
Sold at the Stoek Exchange.
VTht8 amoant was Hold In four lotei, all at the same price; the snbsorlptton to sarplus had been paid on 11 shares and had not been paid
on 80 shares.
—The re-instatementon Thursday of Mr.
Charles 8. Bryan
membership in the New York Stock Eschange is announced. Mr. Bryan is a member of the firm of Messrs,
Sharp 3c Bryan, which suspended on August 5, but which is
now making preparations to resume. Mr. Sharp, who had
to
also been a
member
convenient to the ferry to Fourteenth
Street, New York, while the trolleys that pass Its dooisbring
Weehawken, Union Hill, West Hoboken and the sarrounding neighborhood within easy access. The Hoboken Truat
was organized in 1903, and now has $100,000 capital, $52,035
surplus and profits, and $331,251 deposits. Besides Mr. Charles
Falls, President, its officers are : Adam Riesenberger, VicePresident; Frederick A. Schwartz, Stcretary and Treasurer,
and Samutl F. Hartzel, Assistant Secretary and Treasurer,
The directors include S. Bayard Dod, Palmer Campbell,
Charles F. Mattlage, Joel H. Woodman, Adam Riesenberger,
F. George Messmer, Edmund D, Vanderbilt, Andrew Fletcher
Jr„ W. C. Wood, Frederick A. Schwartz and Charles Falls.
teenth streets,
"curb" market.
of the Exchange, has disposed of his
seat.
—Julius Hammerslougb, of
is
:
—Funds amounting
to $64,806, sufficient to pay a dividend
have been deposited with the Treasury Department on behalf of the depossitors of the Navesink National Bank of Red Bank, N. J., which went into receiver's
hands on Angnst 14.
of 25 per cent,
the old retired firm of Messrs,
—Another dividend Is about to be paid to the depositors of
Wednesday First the First National Bank of Asbury Park, N. J., Receiver
Vice-President of the Elquitable National Bank of this city.
Schofield having just remitted to the Comptroller $38,000 for
—The Consolidated National Bank has moved this week that purpose. This will enable the payment of a dividend
into more commodious and attractive offices on the ground of 15 per cent, making in all, since the suspension in Februfloor of 56 Broadway, corner cf Exchange Place. Its new ary, 85 per cent,
banking room is very conveniently arranged, being thor—The new President of the Passaic National Bank of
oughly equipped with every banking facility.
The in- Passaic, N, J. (in place of Mr. David Carlisle, who died last
terior
decorations
are
in
golden
oak
and white. month), is the former Vice-President, Mr. Charles M. Howe.
The Consolidated National began business on Septem- The bank now has two Vice-Presidents— Mr. Q. W. BlanchHammerslough
ber
23
&
Bros.,
a
was
elected on
little
over
opposite
its
a year
since,
at
57
present new quarters, with
$1,000,000 capital stock and the same amount of surplus. In
one year the Institution announces it has accumulated
$100,000 of undivided profits. As is already well known,
Willis 8, Paine is President, while Mortimer H. Wagar is
Vice-President, Thomas J. Lewis Cashier, and James
1903,
Broadway,
ne-irly
ard and Mr.
W.
—Mr, M, V.
F, Gaston.
B, Jefferson has replaced Mr. E. B. Stoddard
Quinsigamond National Bank of Worces-
as President of the
ter,
Mass.
Mr, T,
S.
Johnson
is
Vice-President.
—The Westchester County Natioaal Bank of
Peekskill, N.
commemorated with a banquet Its sevenThe event was also marked by the
Thorne, Thomas N. Jones and Henry G. Lewis Assistant tieth anniversary.
Cashiers. Mr, Henry Q, Lewis has just been appointed payment to the stockholders on the 1st inst. of a special
Asfiistant Cashier, having been formerly identified with the
Fourth National Bank of this city. The bank's board of directors includes many prominent in financial interests
Ossian D, Ashley, Perry Belmont, Henry C. Brewster, Edward Q. Burgees, George P. Butler, George R. Crawford,
Robert A. Chesebrough, George Crocker, John W. Griggs,
J. Temple Gwathmey, William A, Hall, George S. Hart, E.
Burton Hart Jr., John Fremont Hill, James G. Newcomb,
Eugetius H. Onterbridge, Willis S, Paine, Oscar L, Richard,
J, Howard Sneetser, Mortimer H. Wagar and Clarence
:
Whitman.
The Bankers' Money Order Association, to which reference has already been made in this column, has found it ex-
Y., on Sept. 26
dividend of 5 per cent and by the gift of $70 to each
Organized as a
of the employees cf the institution.
State bank in 1833, the conversion into a national bank was
made in 1865, The present quarters have been oooupled by
the bank since 1884, but plans for a new banking building
are now under way. The officers of the bank are Mr. Cornelius A, Pugsley, President; Cyrus Frost, Vice-President,
and G, A, Ferguson, Cashier.
—The death is announced of Mr. C, W, Hammond, Second
Vice-President and Cashier of the People's Bank of Buffalo.
Mr, Hammond was fifty-five years of age.
—
—Another Boston bank consolidation has been effected.
The National Hamilton, with a capital of $500,000, has been
pedient, for tde purpose of facilitating its operations, to pracmerged in the Fourth National, capital $1,000,000. At a contically establish a small bank as its central banking agent.
ference last Saturday the directors of the two institutions
It
therefore,
acquired
has,
an
interest
in
the voted on the plan, which almost immediately went into tfnew The Bank of Discount of New York, capi- fect, the Fourth on Monday of this week assuming the busital and surplus
through whioh its central ness of the National Hamilton. The latter will liquidate at
$150,000,
banking business and final redemption of orders will be con- the termination of the required thirty days' notice. The
ducted. The money order service of this asscciation —blanks, shareholders, in addition to 100 per cent for their shares,
signs and advertising matter— is furnished free of charge to will receive such surplus as may result from liquidation.
any responsible bank or banker, and the association guaran- Mr. A. W. Newell will remain at the head of the Fourth
tees the redemption of its orders at par wherever presented
National. The President of the Hamilton, Mr. G. W. NewThese money orders have now been in general circulation for hall, will become a Vice-President of the Fourth, The Hamover two years. The association's principal correspondents ilton's Cashier, Mr Frank Tent, will also be identifie d with
located at San Francisco, Chicago, New York, New
Orleans, Boston, Dallas, Mexico City, Havana and Toronto,
are
and final redemption agent The Bank of Discount in
York City.
New
—The Hoboken Trust Company of Hoboken, N. J., has
recently taken possession of its new banking house on the
comer of Washington and Fourteenth streets. Its handsome
the consolidated institution,
—The banking house of Messrs. Swan & Barrett of Portis now merged in the Portland Trust Company of
that city. The consolidation, to which we have previously
land, Me,,
referred, took
effect legally
July
1,
but the actual con-
Both
members of the firm (Mr, George H. Richardson and
new home, two stories in height, is constructed of Indiana Mr, Arthur K. Hunt) have become identified with
limestone. The interior of the spacious banking room, on the trust company as trustees and cfficers, Mr, Richthe ground fljor, is attractively finished in oak and white
ardson having been elected Treasurer and Mr, Hunt
The company has Installed new modern safe deposit vaults a Vice-President. In July the compaay increased its capof the lateet pattern in the rear of the banking room, in close ital from $200,000 to $350,C00 and its surplus from $300,000 to
solidation
was not
effected
until
the
19th
inst.
iouc>
I
The
|40O,0O0.
total deposits
nth utiKUiMUiji^.
V
OL. LXXVII.
—Mr. Edwards Sinclair has disposed of his interest in the
Union Bank & Trust Company of Nashville, Tenn., to Mr.
Eustice A, Hail. Mr. Hail, who was already a director in
the company, has succeeded Mr. Sinclair as Second VicePresident. The latter's place on the board has been filled
by
the election of Mr. Ben Lindauer.
merge
on October 19 are reported at
Another department, that of foreign exchange,
has lately been added to the company's fonr other depart,
ments, which include banking, trust, safe deposit and a bond
$3,314,898.
department.
—The Pnblic Trust
Company
of Pittsburgh is to
&
Trust Company of Pittsburgh, the stockholders of the former having on the 22d Inst,
accepted the ofifer made by the International. The latter,
whose organization was started about sir months ago, will
increase its capital from 1350,000 to $500,000 and its surplus
with the International Savings
from 150,000
to $100,000. It will
remove to 236 Fourth Avenue,
the present quarters of the Public Trust, which began business a little over a year ago, on October 1 1902. The Public Trust has a capital of $300,000 in shares of $100 each.
The capital of the International is divided into 1,000 shares
of |25 each, with $5 additional paid in on surplus account.
Under the plan agreed upon the stockholders of the Pnblic
Trust will receive for each $100 share now held three-and-athird shares of International stock.
—Mr. W. B. Barnett, President of the National Bank of
Jacksonville, at Jacksonville, Fla., died on the 21st inst.
—
The Commercial National Bank of Oklahoma City, Okla.,
was organized on the 8th inst. with $100,000 capital. Mr.
John Threadgill is President; C. F. Colcord, Vice-President;
John C. Hughes, Cashier, and E. C. Trueblood, Assistant
Cashier. President Threadgill and Vice-President Colcord
hold similar positions in the Oklahoma Trust & Banking
Company.
—
Mr. O. A. Hale has replaced Prince Poniatowski (resigned) as Vice-President of the Central Trust Company of
Two vacancies on the board have been
San Francisco.
filled by the election as members of Mr, W. A. Frederick and
Mr. C. C. Moore.
—Mr. S. C. Armstrong has been appointed Cashier of the
Washington National Bank of Pittsburgh and Mr. A. W.
MHKTiNa OF Accountants.— At the recent convention of
Hecker Assistant Cashier.
the Federation of Societies of Public Accountants in the
It is expected that both the Federal National Bank of United States, held at Washington on the 21st inst. Secretary
Pittsburgh and the First National Bank of Allegheny will George Wilkinson's annual report attracted a good deal of
resume business. The matter has been discussed informally attention. Mr, Wilkinson made allusion to the visit to Secby the management of the two banks, and definite action will, retary Cortelycu in Washington last July, of a deputation
it is understood, be taken in the matter as soon as the examrepresenting the Federation, suggesting to the Department
—
inations
now
in progress have been concluded.
—The reorganized Guardian Trust Company of Pittsburgh
M
opened for business on
jaday at No. 411 Wood Street. Besides a regular banking and trust business the company will
take charge of real and personal estates. The officers are:
President, Mr. A. G. Tim; Vice-Presidents, J. G. Martin and
Charles H. Craig, and Secretary and Treasurer, George L.
Stephenson.
Commerce
of
ants in
—Unfounded rumors of financial troubles led to a run on
He
this week on several Sr. Louis trust companies—
tion to withdraw.
—The
desirability of
engaging public accout-
intricate examination delegated to that
newly-created branch of the National Government. He also
reported that the Ohio State Society of Public Accountants
and the California Society of Certified Public Accountants
had been duly admitted into the Federation during the past
year, while four new State societies of public accountants
had been organized in Washington, Missouri, Louisiana and
Kentucky, mainly through the influence of the Federation.
Tuesday of
the Mississippi Valley Trust, the Mercantile Trust, the
Lincoln Trust and the Missouri Trust. While the demands
in some cases were heavy, the withdrawals were made chiefly
by depositors with small accounts; with the reassuring statements issued by the companies, however, the run quickly
subsided. Concerted action was taken by eight of the trust
companies, requiring thirty and sixty days' notice of inten-
the
making the
likewise announced that these
new
speedily affiliate themselves with the
is
as soon as they
become
State societies
national body
would
—that
eligible.
The individual
reports of the presidents of the State Societies, particularly the reports of Farquhar MacRae of New
York, William M. Lybrand of Pennsylvania and Ernest
Reckitt of Illinois proved of much interest and value. These
gentlemen dwelt at length upon the progress and success of
the profession and the Certified Public Accountant movement.
The convention at Washington this year was
the second meeting held by the Federation since its
stockholders of the United States Trust Company of
Louis authorized on the 21atinst. the proposed addition
to the capital, increasing the amount from $400,000 to inception, The successful confederation of the State societies
The new stock will be sold from time and associations into the Federation of Societies of
$1,000,000.
to time at not less than $150 per share.
No small Public Accountants was actively brought about a year ago,
and was largely due to the indefatigable efforts and initiative
pride is taken by the officials of
the company in
of
Mr. George Wilkinson, then President of the Illinois
the showing made October 1, two months after business
Association,
along the lines proposed by tbat association. As
began, deposits being already $398,878. Besides the capital
stated
in
the Chronicle October 24, the following officers
of $400,000 and surplus of $300,000, there are undivided
were chosen for the ensuing year President, Farquhar J.
profits of $3,539. The institution is located in its own building at Broadway and Locust Street, formerly the property of MacRae of New York; Secretary, George Wilkinson of
Illinois; Treasurer, Robert H. Montgomery of Pennsylvania;
the Colonial Trust Company.
—The First Savings & Banking Company of Dayton, Ohio, Auditor, E. L. Suffern of New York.
incorporated at Columbus on the 15th inst., was formally organised on the 26th. Mr. O, W. Irwin has been chosen
President, Charles W. Bieser, Vice-President, and F. W.
IFrom oar own oorresponaent.]
Omen, Cashier. The company has a capital of $1,000,000.
London, Saturday, October 17, 1908.
—Former Vice-President A. A. Barnes, of the Columbia
began
in gloom and is ending in sunshine.
The
here
week
National Bank of Indianapolis, has been elected President to
week
there was a recovery in most desucceed Mr. Mortimer Levering, who resigned to become At the close of last
Manager of a Chicago estate. With Mr. Barnes' advance- partments of the Stock Exchange, as certain operators had
ment, Mr. L. P. Newby has succeeded to the Vice- Presidency. been given the assistance which they required; but the alarmlet rumors spread on Monday that war between Russia and
—Mr. P. C. Thompson, previously in the employ of Messrs.
Japan was imminent.revlved apprehensions and caused a very
Noble, Moss & Cd. of Datroit, has been appointed manager
sharp fall in all departments of the Stock Exchange. The
of the bond department of the Detroit Trust Company.
leading houses in the city, however, came to the support of
—The office of Chief Clerk and Auditor of the Colonial the markets, and as soon as this became known there was a
Trust & Savings Bank of Chicago has been accepted by Mr. general rally and prices advanced. Each day since confidence
Emil Stuedll, paying teller of the National Bank of the has been strengthened, and as the week is drawing to an end
Republic, Chicago. Mr. A. S. Boos has resigned as Assistant there is a very hopeful feeling.
Cashier of the Colonial.
Contrary to the report set afloat last week, there was no
run was started on the German-American Bank of La difficulty found in carrying over all "bull" accounts. InCrosee, Wis., on Monday. The bank was able, however, to deed it was discovered during the settlement which began
meet the demands upon it, as plenty of funds were on hand.
on Monday morning and ended on Thursday evening tbat
St.
:
—A
:
Oct.
:
:
THE CHRONICLE.
31, 1903. J
1509
there was a "bear" acconnt in [most departments, particuand in Sonth African mines. The rates
charged by the banks to the Stock Exchange were very moderate and the carrying-over rates inside the Honse were very
light.
As already said, the leading houses in the city bought
upon a large scale. Moreover, investors from all parts of tne
country sent in buying orders on an unusual scale, and it is
noted as particularly satisfactory that the number of small
orders was exceptionally great. Naturally the email orders
the mining department, but they
were very numerous
surprisingly
numerous
in the Consol department.
were also
There was alao very good buying for the Continent. The
French purchases were chiefly in {mining shares. German
Is. 4 l-82d. per rupee.
Applicants for bills at Is. 4d, were
allotted about 88 per cent of the amounts applied for.
Later
In the day the Council sold by special contract a little under
3 lacs in bills at Is. 4 1 82d. per rupee.
purchases predominated in Government secarities. Negotiations, too, are going on amongst the leading houses for the
formation of a very powerful syndicate intended not so much
to support the market as to insure that money shall be provided for the development of Sonth Africa. Everybody feels
that one of the most urgent needs of London just now is that
the output of gold in South Africa should be so increased
that the banks would be able to add largely to their reserves,
and in order that the output should be so increased, it is
necessary in the first place to secure a much larger number
of laborers and in the second place to insure that money
shall be forthcoming ito push forward the working to its
aiaarliur-Honia ratnrni
larly In Ck)Dsols
The following return shows the position of the Bank of
fllngland.the
Bank
rate of discount, the price of oonaols, Ac.
last three years
'lis
oompared with the
1808.
1902,
Oct. 14.
Oct. IS.
Oct. 16.
Oct. 17.
•8,060,640
e.3eH.480
S0,6i9.86O
Otker deposltl
4^180,126
iii,i<'.&.ubu
aoTarnment •onriti*!
Other ••eaiitlM...
26 601,868
i<l,b6U,178
KM«rT« Of notei and ooln
Ooln*baillon,bothd«partm'ti. 8JtDet>,ei8
48.i2l.l 2
ie,848,r40
2g.69e.lP0
10 180,207
41 171.771
i8,oi6 7»'fi
30.760,060
8,609.701
40.064,806
so.101,084
2H.l»0 91l
Sti.9«^4.3N0
))6.7B4.069
y2,f44.0»-6
01.478.681
88.473,481
Jlrnlatlon
PabllO dapoiltl
m
3oiuoU,8M paroant
7 ItUl.tnO
180«
84J".085
16,25>i>8U
87,177.120
44
4
469(
40
88»-l6
»8i-ied
081-10
Prop.raierTe; oUabllltlei.D.o.
Bank rat*
par oant..
UlTar
igoi.
SSH<1218.860,000
170,882.000
438-16
s
4
S8M
MO-iO.1.
0818-10
i08-16d.
108.O7O.OOO
178,187.000
4
The rates for money have been as follows:
Op«n Harktt Batii
LM4on.
8 Month*.
4
mm
s
Oall
Dmyt
2«
8H
8«
4
4
3«@3%
3«a8«
9
16
Joint Dit'tH'*.
Stock At 7-14
4«@4k
4Hi
4^®4 3-16 4M®*H 4Hi®4«
m&i 3-16
®4H$
Bill*.
Month*. a Mo*. 4M0(. Bankt
4 Month*.
4
Sept. 18
"
26
8
Oot.
"
2rad»
Bank Bm$.
1
Intereit aiiowid
for depoiiti bv
,
3Hm
4®4M
o-ie®8M 8^® 8 11-16 3 11-16@SM 3«®1
8«
2M
The Bank rate of discount and open market rates at the
ohlef Continental oitles have been as follows:
utmost extent.
The general impression now is that very little gold will be
Bateiof
taken either for New York or for Germany. It is expected
Inttrett at
that a considerable amount will be withdrawn from the
Bank today for Egypt, and it is probable that a good deal of Pgrli
gold will be required by Argentina in a month or two. But Berlin
Hambam
the demands of Egypt and Argentina have been long fore- Frankfort
seen and can be measured. Demands for New York, Ger- &.mtterda]n
many and
Russia cannot be foreseen or measured, and therefore would disturb the market very much more. The impression here at present is that the demands will be quite
small and that consequently the 4 per cent rate will suffice,
If so, there will be a plentiful supply of accommodation for
the Stock Exchange, and the present recovery will make
Bank
of
it
feels that it is absolutely
and therefore
A more hopeful
view
taken likewise of
the relations between Russia and Japan, but until a settlement has been arrived at, it is not probable that there will be
very much of a rise in prices.
The India Council continues to sell its drafts well. It
offered for tender on Wednesday 50 lacs, and the applications
exceeded 315 lacs at prices ranging from Is. 3 31-82d. to
..
9H
a
m
4
a
4
4
8
4
4
3
4
8K
8«
»H
sa
ayi
4
3«
4M
3H
4
n(Rn.
3
4
4
4
89i
9H
9%
8H
3H
4
4W
nom
4
*yi
9H
4«
Hi
99i
BH
an
nom.
iH
4«
8M
iH
Silver
Shipments: Bombay, £38,000; Calcutta, £20,000; total,
-With considerable orders, especially for spot
silver,
which
has been in very short supply, the price has risen to 28^d.. at which
the market doses tirm. India has been a good buyer and there have
also been covering orders for October delivery. Forward silver Is
also better and is quoted at Vtd. under spot. The last Indian price ia
Rs. 7m. Arrivals: New York, £41,000; Australia, £3.000; total,
£49,000. Shipments: Bombay, £128,000; Oaicutta, £10,000; total,
£138,000.
Mexican Dollars—Mexico has sold fairly freely during the week and
the price has been based on their melting value. £7,000 has come
from New York.
essential to protect
is
8«
3«
an
3H
nom.
8«
4M
Bank Optn
BaU. Market
Open
Bate. Market
&
It is
seriously large.
Vienna
Bank
September 26.
Messrs. Pixley
Abell write as follows under date of
Oct. 15
Gold— In the absence of any Oontlnental Inquiry tbe Bank has received almost the whole of the arrivals, the total belni; 4315,000, of
which £281.000 Is In bars. £780,000 has been withdrawn, and of
this £650,000 has gone to Egypt. A.rrlvalB: Oape Town, £281,000;
West Ooast, £9,000; New Zealand, £12.000; Australia, £?0.000; total,
to get control of the
So far as home frequirements; areTconcemed, there is no
reason for an advance in the Bank rate. Trade is quiet,
speculation is at a standstill, the "bull" accounts open upon
the Stock Exchange are unusually small, immense masses of
stock which were formerly carried by weak people have
during the past few weeks been transferred to extremely
strong people, and therefore the Stock Exchange is in a
much healthier state than it was, and every kind of business
is sound.
But if large amounts of gold are withdrawn from
the Bank of England, the Bank will be compelled to raise its
rate so as to protect its reserve. And as this is well understood abroad, it is hoped that the withdrawals will not be
Oven
3
3)4
8«
Madrid
cheap, but the
give assistance.
Bank
2H
8X
8M
a
4
£312,000.
£58.000.
open market.
hoped that if the 4 per cent rate is made effective withdrawals of any considerable amount either for America,
Germany or Russia will be prevented, and though the demands of Egypt and Argentina must be satisfied, whatever
the rate of discount may be, still it is hoped that assistance
may be obtained from France for meeting those demands.
France a couple of weeks ago allowed a considerable amount
of gold to go to Italy, Egypt and Germany, Since then,
however, there has been an outcry in the nationalist press,
and the Bank of France in consequence is less disposed to
part with gold than it was. But if the withdrawals from
the Bank of England were to become so large as to threaten
to make it necessary for the Bank to put up its rate to 5 per
cent, it is understood that the Bank of France would then
its reserve,
Optn
4
4
4
Brntielt
CoDenhatren.
England has begun to borrow once more in the open
market, for
Bank
October 8.
October 10.
Bate. Market Bate. Marhe
St.PeteribarK..
further progress. Upon the Continent, business is generally
very slack. In Paris there is exceedingly little doing, and in
Berlin there is no great activity, although there is a fair de-
mand at rising prices for good securities.
Money for the moment is abundant and
October 17.
The quotations for bullion are reported as follows
QOLD.
London Standard.
Bargold,flne....oz.
U.S. gold ooin...oz.
Qerm'n gold coin, oz.
rrench gold coln.OB.
lapanese yen
oi.
Oct.
8.
Oct.
15.
«.
d.
77
76
76
76
76
10i«
a.
Oct.
15.
Oct,
8.
d
d.
7710
B&r silver fine. os. 28 1«
Do 2 mo. delivery 2788
Bar silver, oontaln'g
do 5 grs.gold.oz. 2888
do 4 grs.gold.oz. 287,8
do 8 grs.gold.oz. 2Pl4 27»i«
oz. 306,, 29»i8
Oake silver
Mexican donars-.oz. 269, g* 266ie»
,
6i« 76 5
6H* 76 5V
76 51a'
6V
6*
76 5*
'Nominal.
'
8II.VKB.
London Standard.
. .
The following shows the Imports of oereal produce into
the new
the Jnlted Kingdom during the six weeks of
season compared with previous seasons:
mPOBTB.
1908-03.
10.917.198
4.813,510
2.384.337
199.681
424.309
345.332
419,678
3,479.282
7,536.008
2,266,546
2,473.688
190304.
Imp'ts of wheat, owt.ll, 476,609
Barley
0,874.461
Oata..^
1,518.267
Peas
Beans....
Indian corn ..
Hour
190102.
7,€35,700
8.515,200
2.390,900
194,800
365.100
5,472.100
2.406.600
1900-01.
10.052,600
2.801.400
3.947,900
177,610
270.040
5.964.900
2,587,800
Supplies available for oonsumption (ezoluslve of stook
on September 1):
1901-02.
1900-01.
1902-03.
1903 0*.
7.63.^,700 10.052,600
Wheatlmported.OWt. 11,476,609 10,917,198
2,406,600
4,167,605
2,587.800
3,112,828
16,397,331 15,833.283 14.208,905
Total
S5b. 9d.
26b. 5d.
4ver.prlcewheat,week.S5e.l0d.
Average price, season. S8s. 4d. 27b. Id. 268. lid.
15,752.728
Imports of flour
lales Of
2.473,688
home-grown. 2.447,034
2,266.546
2,649,539
288.
28b.
9d.
7d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
thitteeek.
Wbeat
near, eaual
Ifalie
qrB... 1,626,000
to ars... 360,000
ars... 880,000
LastwteH,
1902.
1901.
1,580,000
1,750,000
276,000
1,950,000
445,000
I.IOS.OOO
860,000
305,000
646,000
THE CHRONICLE
loJO
ncllah VlnaBslKl arkcss— P«r
Omkl*.
The dally closing quotations forsecurltles.etc.at Liondor
Are reported by oable as follows for the week ending Oct. SO:
LOHDOB.
Sat
iron.
Tues.
Wed.
27i3ie
28
[Vol. Lxxvii.
Breadstaffs Plgtirea Brought from Page 1552.—The
statemeDte below are prepared by ns from ftgnree colleoted
by the New York Produce Exchange. The receipts at
W^eetern lake and river ports for the weekending Oct. 24,
tnd ilnoe Ang. 1, for each of the last thref> veara have been:
Fri.
jrA.«r«.
ReeMpU at—
Urer, per oanoe
a
p.ote
T7"^
28 >«
28
88Se
88%
Consols new, 8H
8-Si,
88 »8
8H38
88%
For Aoooant
SSSb
883,e
97-27»« 97-20
Vr'oli renteeds FftTis) It 97-l7»« 97-20
,
naoondft Mlnlns
Top. A 8ani* We.
Preferred
Baltimore A Ohio
Preferred
Do
<b StL
Pftol..
Rio »r.,com...
do Preferred
ne, oommon
lit preferred
Sd preferred
minola Central
Loalarllle A NMhyllle
Mexican Central
If ). Kan. A Tex., com.
Preferred
R*tlonal RR. of Mez.—
let preferred
Hadson
A West'r
Y. Cent'l<b
Y. Ontario
V
Vjrfolk
A Western
Do
Vorthem
do
—
pref
Beeorltlea....
68 >4
6938
92I4
69
93
7a»«
76%
6968
92ht
78
90>«
las'B
8IV1
77%
77>«
90i«
7668
ToUdo
90ifl
Detroit
122%
121%
31
30i«
l.M«
143>«
90
15S
69i<
S788
a^
68*8
68 >e
134%
108%
17
17
;03%
10%
178e
37»«
18
17*8
87i«
37
40
40ia
l'^2^
59
5838
89
89 >«
6II4
23>e
61%
23%
61%
2SBa
23>«
89
32
39
32
40
83
39%
43>«
4438
44I4
43%
31
4338
18%
19^
19
19
1858
76
76>«
77 J«
77
77
77
7S\
86%
75ifl
74%
87
14-^8
1168
62
20
61%
74ie
8712
I414
6138
7888
87>«
20
84
20
34%
20
34
56i«
681s
561s
82i«
42)4
I8I4
60k
19
82
19
82
83i«
5ei«
Sfti*
Since Awi. 1.
1803
6,271.68J
week ended
the
90
88%
61%
23%
B>iton
It dot
>^
real...
Ptiladalpkli«....»^.
sitimore.
tishmond
•w Orleane
39
,««.
^..
•irport IV«wi...»«..
»alT«iton....
Ma
P<rtland,
vJobMs
(imelMO
87 1«
14
60%
TroHt Compaole*.
Hamilton, Brooklyn (qaar.)
^ la««ltane«aa.
American Chicle, com (monthly)
American Graphophone, pref. (.qnar.).
American Seeding Machine, pf. (qu.)..
Nov e
Not 10
4
4
Not
Not
2
Oct
4
Not
a Oct 29
to
Nov 3
2
Nov
2 Oct 27
to
Nov
2 Oct 27
to
Not 2
14 Nov 6
to
Nov 13
31 Holders of rec. Oct 8
Casein
Co., preJ. (quar.l
OolnmbasifeHock Coal<& Iron, oom
Consolidated Bas,
New York
(qu.)
(quar
)...
Not 20 Nov 18
Not 16 Holders
Nov 2 Oct 16
2 Not 11 Nov 1
% Not 14 Not 8
Dec 16 Nov ae
2
2 Holders
8 Nov
1^ Not 14 Not 2
Not 80 Nov 10
1
>« Nov 8(1 Not 10
1% Nor 26 Nov 5
Nov 16 Nov 8
6
3
Nov 2 Oct 30
to
of rec.
to
to
to
to
Kaatern 8t«amHhlp
New Eug. Telep. <6 Teleg (qnar.)
PresAed c»te«l Car, com (qnar.)
do
do do oom. (eitra)
do
do
do pref. (qnar.)
Shelby Iron
United Copper, pref
U. S. Bobbin & SQutUe, com (qnar.).. $1 .50 Nov
a Oct 21
do
do
do
pref. (qnar.).. $1 75 Not
2 Oct ai
U. 8. Printing (qnar.)
1
Jan 16
Nov 20
Nov 2
Not 2
Nov 10
Not 15
Deo
16
of reo.
Oct 30
to
to
to
to
to
to
to
to
Not 18
Nov 29
Nov itf
Nov 24
Nov 16
Nov 2
Nov 2
Nov 2
&
15 West Side Bank of N. Y.576
800 OODBOI. Ureen Moan- ^
tain 8t Loots Mines,
Limited
100 Baokeye Water Hyrtraullc Mining Co
250N.T &No Ry.oom. 1
4
Pensacola
A
$1,270
lot
I
I
64 Mercantile Nat. Bank... 216
10 Old Domlrilun S3 Co. ...120
5 Leather Mfrs. Nat. Bk...810
110 Otis Elevator, pref
75
10 Lawyers' Title Ins. Co.. 270
11 Federal Bank (f<ubf>crlption to sBrplns paid). ..100
30 F'-deral bank (sabHcrlp
tl in to surplus ndt pald.100
7 Bowjing Grr-en Tr. ( :o...200%
161 Lelbliiger Brew'g Co.SfiOOlot
fi
Tr. Co. of Dub Molnen, Iowa,
fleb. bonrtsStir 36 (Farmers'
Loan & 'I'r Co. reo"-liM).*8421ot
Woodl'nCemet'ry.il45perali
2d 5b, 1908. Jan., lOilO,
conpons on
25
$2.'S,000 Qoincy Granite
Qaarry «Jo. Ist5a, 1930,
bt-pt., 1902, coups on.
$25,000 note of Quinoy $25,825
Granite Quarry o (eelot
onr''iby*loo,oooQilncy OraLi e Q larry Co.
latmort bonds)
$2.'>.000 Qalncy Granite
<
,
,
$25,958
f
lot
oor'd by $ OO.OOOQulnoy Granite Q larry Oo. j
lat mort. bonds
J
1
•va««(,
kuih.
812,076
OSTM,
Bsritt,
Oct*.
9»t(aH
kliiH-
k»ik
1.2H,R00
830.000
4u 1,950
212,903
207.033
409.473
80.118
16.000
¥8.311
83.074
146.04
87,166
81.000
183.875
6,7.6
8 916
84,800
ie8,'J5
808.eK6
77,0?4
117.920
83,784
174.000
"
310.800
66,000
7M,4a
By*
"8.400
'"I'.aioa
48.187
a.818
88,600
66.000
6.2S0
1.000
788,118
1,186 769
8.723.167
688.799
157.840
200.S8S
66.047
260.788
17,M3.067
18.861.089
17.684980
111,283.882
135,608769
99.8 -2 849
84,«0«846
146.31H 208
••
42.6ll.A«e
8.888.740
8.636,386
"
S17.8S0J280
"
••
Otm,
tnm -
bvtk.
180 181
3oston
14,610. 1-88
48
8t>i,('8a
e2.07-.044
66.486.068
8.00a,4H8
8,074 766
41^4.081
S'SU.llS
8.401.817
8,878,824
174.123.481
S04.880.648
803,577.468
Oati,
bufk.
27(5,899
66. 00
2f>9,«97
86.686
16,608
8.781
41,944
71,746
8,400
468.666
41.8<)U
428.840
taltlmor*
825,848
few Orleans
(•wp'ri News
429.607
4ontreai
488,600
lalveston
tinbtle..
Tieur,
bbU.
bii(h.
69.887
66.000
82.000
'ortiand, Ma.
'hlladelpkla..
168.479
6,250
.
Sarit,
kuah.
8.836
17.823
"sss
•••••••
60
S8,96i>
.
ToUl week
Ptat,
kufh.
ay*.
kwak.
'
11.083
1,155
Qnabee
1.450.983 1,608,183
129.730
tame time '08..8.551.82d
"8.837
31,019
20,083
2.065
18.&68
806,297
448,640
74,806
361,839
8,287
17i.6ll
'11,256
••••••••
80,428
6,738
8,388
84.018
The destination of these exports for the week and since
1, 1908, Is as below:
inly
July
1
tinee
a
0.
—>
Week
Oct. 84
bu»k.
805,818
643.768
Oct. 24.
to—
bbLt.
bblf.
Jnited KingdoK 198,636
70,286
Jontinant
>.
— Wheat.—
July
-Flour.Sinci July
1. 1903.
Week
sBvort* for
muk an*
Amerloa.
rait Indies
Ir.N.Am. Oolo'l
taar eoontrlai
Total
I'otai 1001-08....
7.586
18.020
18,t>40
803,287
448.646
8,364.098
73a,746
275,665
408,»97
68,237
182,820
1,348
Bine*
1,
1908.
bUJh,
18.385.870
9,079,538
7.814
-Oorn.^^eek Binee July
Oct. 84.
bw>i.
1.186 777
400.163
405
7.601
14.708
8 ; 7.854
1,608,636
ive,780
19,091,672
1,840.671
140.168
5,010,464
5.4}5.777
1,450,823
a7,552,4'<S
8.651,lit23
64.4J6 9i4
1008.
bUMk.
8,881.787
8,684 848
86.887
I.
66.530
641,886
The visible supply of grain, compnimng the stocks in
granary at the principal points of accuiuuiailon at lake and
^aboard ports, Oct. 24, 1908, wab as follows:
luttortmt—
<awTork
Oo
166,000
853.000
807.000
658 000
89, one
•••••••« 1,765.000
133,000
^^,
^.
kntk.
Baris*
kufk.
8,000
78,000
Mty$,
83.000
V3.0U0
b2,
8 000
98.000
196.000
2,000
eoi.uuo
8,000
80,oe6
i.osb'.ood
124. 066
"738.600
860,000
443,666
1 .856.000
17,00*0
"2,600
170.00*
iio'.ooo
826.000
«7.000
"'8.000
"
8.000
1,643.000
63000
afloak..
afloat
etroit
1,000
afloat
••••
1.858,000
„••••
1,175,066
804.000
ssi'ooo
afloat
868.000
10,066
Bosiood
"8,000
617,0a6
aiaaco
(iiwankaa
DO
uate,
kutk.
188 '"fl
176,000
174
oledO
Do
kuik.
163 one
198.000
228.000
843,000
406.000
laflalo
Do
Osra,
fcnik.
afloat...
(aiveston
Montreal
oronto..
Do
Wheat,
469.000
•Olton.
•klladelphit
laitlmora
'
18,000
afloat
rt.wiii'BUkPt.Arth'r i.68i.ooc
1.000
457 008
81,000
l,658.0ao
0.000
69.000
1.096.006
84.000
100.000
85,008
1.067,oro
1.000
"94M0O
35,000
89,000
43,000
617 \joO
41.000
81.000
8.000
1,473.006
683.000
786 000
68 lOO
886,000
1.021.000
981.0)0
1,15 ,000
1,999, 100
>iilutk
Do
afloat
tflameapolli
4t.
Loals
Do
•'-.:-
afloat. ..>...
0i7.)00
Peoria
Indianapolis
D Mississippi Bivar.
•_•»-••
) L.akas
•naisndrlTer.
..
886.000
joiooo
1,503,000
104,000
7,824 ono
7,6^8,000
29.9iM.000
40.'- 4 000
8.»i:i,000
a.4 "8,000
7,'tHl*,000
7.H»5 01)0
H,6W,000
e9.77.1.000
».144,OOD
8,217.000
ia.D38.000
Total Oct. 24,1903.. 22.4»*4,000
Toial Oct. 17. 1M03. 83,2^5.000
Totiil Oct,
86. 190^.
Total Cot, 88,1901.
Total Oct. 87. 1900.
•
"1
8.824.000
8,860,J00
K«niaiOttr
QiarryCo
istSs, l«30,
bept 1902, c >ap8 on.
$26,003 note of Qalncy
Grarilte Quarry C" (so-
1,854,011
bbls. 17,178,866
Do
Int.
$38,000 Lelbinger Brew. Co.
oom
160 White Hill engine A J-^SO
Flotet loe Machine
New England Loan &
2.910.633
bnih. 82 443.185
"
f<6.«5l.380
«•« Orieanft*.
J. &J.
108% and
tatlon Co.. Limited j
Hill EuKlr e & 1
Pictet Ice Machine
,
Commerce
Co. cons. 6b, 1928.
|
j
Atlan. ta,»Qni„t
Co pref...
500 Everett Iron Co
of
balldlDKbond
41
$1,000 Hamilton Clnb 2d 4e. 82
^$5 lot $2,000 North HndsonOj.Ry.
160 White
,
Chamber
1
200 6th Ave Trancpor r****"^"'
(3o
Bonds.
11500
8.666,168
ff^aeat
1
Aactlon Sales.—Among other aeoarltles the folio wing, aot
regalarly dealt in at the Board, were recently sold at
auction
By Messrs. Adrian H. Mailer
Son:
Slocks.
6,607,960
n<na„
Whtat,
to
1
1»«
1»«
8,471,001
2,107.306
1
The exports from the several seaboard pons for the week
mdlng Oct. 24, 1908 are shown In the annexed statement:
BanJu.
Nassau
4,871,768
18.'««
New Tork
of reo.
of rec.
8.6^6,014
162.000
i'otai reoelpta at ports from Jan. i to Oct. 24 oompare as
''oUows for four years:
1601.
1608.
1600.
1808.
tUuHyt •)—
£ook» Clcied.
fj>ay* IneluHve.)
Not 27 Holders
1% Deo 1 Holders
i»ifl Nov
Nov 8
2
!•« Not 16 Not 1
811,667
864.128
888.140
9.076,430
e0»,499 8,126,8'40
688,060 4.008.059
Totaiaraln
1
1,600
8.1 66
Mwyorti
R«llr«arfa (8t«mni).
Chesapeake & Ohio
,
Cleveland & Pittsburgh, guar. (qaar.).
Mexican, let pref
Mexioan Soathern ordinary
Borne Wat«rlown <b Ogd. (qaar.) .
wtrvei Etallirava.
Coney leland & Brooklyn (guar ).
Nassau Electric, Brooklyn, pref..
Union St., New Bedlord, Mans, (quar.)
39,000
106,800
4.795.106
"13,781
rotal weak
Week 1603
JDITIDEND8.
When
1,000
161,100
8.641,126
161.618
37.816
40.1X8
66,624
141.837
2.816
16,308
88.998
)atl
Per
461 B»6
8»0,000
6.S80.143
kMi
.^
,^
lorn
Ctnt PaycibU
185868
Oct. 24, 1908, follow:
larley
lye
0/ Company.
103.090.
209,085
9t)8.800
fis«r,
Prloe per share.
Jfcivfte
8,9 JO
69.881,718 43.867,480 45.066.896' 81,508,180 2.108,981
6,608,741 100,2 J4,777| 22,865 536 B9.4?4 424 17,218 776 8.616,048
6.008.-04 9P,0.S5.e08 8!4.26"<,17l 48,717 290 16.S83.346' 4,)!90.118
t«<«i»t(«t—
90i«
3^»«
Same wk. '01.
NiwTork.
90
61%
60O
H.800
ine reoelptB oi flonr and grain at the seaboard ports fo'
69
89
90
90
87
496,740
84,860
849,160
194.000
71,174
43,369
61.000
67,493
636.000
196,300
28,000
684.680
624,091
6S9.790
1901
40
^9^«
58
89
606,160|
479,fl06
47,640
114,500
63.600
28,668
0,666
«79,-Bl
16,463
68.010
lt.850
1902.
I22i«
21
14
*
135i«
lU
123
124,800
130,764
1,497,790,
7,700
Samewk.'ca
68
50 1«
10
40i«
82;,S«0
Vbi.
617.806
-I-
21>fl
60
^
104%
Kye.
8,384,000
2,406,800
66,060
8.358,310
Tot.wk. 1903
27%
61
790.895
Kansas City.
20
7«
134''8
Oiifl
.
Cleveland ...
St. Louis ....
Peoria
20%
oom.
8. Bteel Corp.,
28ifl
68>fl
194.S2S
81,778
153,000
Minneapolis.
2lV
20 -^e
57 1«
do
pref.
Do
Wabash
Do preferred
Do T»#«h. "B"
(7.
70i«
28B8
128>«
<0
121i«
21i«
70
fills
36^
L2II4
44
20
135
17>fl
68ifl
93
15%
69
135
105
10>«
73 >«
87
14
Paolflo....
Preferred
70
29
69 >«
51
S6>«
23 >e
89
Union
l^8>«
SO's
16>«
144>4
20>6
16
^ol*
fiO
134
102 1«
IOJ4
go's
144i«
£0>«
143i«
VO
•Phlla. *Read
'Pblla. ik Bead..lBt pref
*Phila.
Read.,8d pref
Bouthem Paolflo
Preferred
i93>i
303s
20
^O
60%
onth'n Railway, oom.
Ullwaakee
Dalath
9114
Pennsylvania
A
338
91
30>«
!&>•
112
MU.
9740
S>fl
Barley.
Oat«.
B»U.lB6»i BtM)V.60lbi BuiV66Il>a Bu*\.9i Iba BtMh.48 lbs Bu.86
6714
122
A
97 35
Oom.
Wheat.
JTIour.
Chicago
338
Cnies«pe»ke & Ohio...
Oliloa. Qreat Western.
Den.
886,
3»«
Oanadlan Paolflo
Oklo.
8HBig
336
S>4
Ateli.
"27l3ig
883,
883,8
New Orleaos—liast week's stooks;
8.000
644,000
406,000
5.068.000
4,*J9,00O
1,914,1)00
8.1 '2.000
2,8 iO.OOO
1.050,010
8,067,000
this treek's not received.
7
1
...
Oct.
1
THE CHRONICLE.
31, 1903.]
New York City Clearlii? House Banks.— Statement of
condition tor the week eudinR Oct. 24, 1903, bused on average
daily results.
He omit two ciphers
oi"
BANKS.
Capital.
fiurpi.us.
(IH)) in all cases.
$
*
*
N. Y.
J^i/als.
1
6.,S1T,0
2.117.0
1,170,0
1,440,0
2,203,5
MiKhamos".
America
Plioemx ...
2.(M)().0
2.747,8
City
Clieiuical
..
300,0
.
HOit.O
Er
M(>rch.
1,000,0
iTallatiii
&
But.
Drov
...
300,0
700,0
500,0
600.0
5.000.0
25,000,0
3,000,0
42 •-',7
450,0
200,0
2,000,0
3.000,0
..
1,000,0
1,550,0
Fiilt.
500,0
1,000.0
Mocli.dt'rra.
Oroeuwioh
l.oath.Mfra.
Amer.Kxch.
Commerce..
Mercautile
Pacific
Chatliaiu
...
...
Peoples
N. America
Haiiover
Irrtii,a
Citizens'
Nattttau
Mar.*
Slioe^I.thr.
Corn Kxcli .
Orieutal ...
Imp. &
Park
£ast Kirer
Konrth ....
Trait
Ceutral
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
Qerman
Am
Cha«o
Fiftli
.we..
CJerman Ex.
Oermania
..
Llncolu
OarHeld....
Fifth
Bk. of.Met..
West
Side..
Seatmard
..
IslX.Hklyu
Liberty
N. y.Pr.Ex
New Amst.
Astor
Total
...
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
1,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750.0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250.0
1,000,0
200,0
500,0
300,0
1.000,0
1,000,0
500.0
350,0
301
19.202.(1
11. (ill. 3
r.',018,0
2,43it,S
1,347.1)
1,50",0
1,000,0
23,000,0
0,306,9 125,487.11
1,77'.'.0
23,439,3
591,2
5.i>37,4
564,6
4.980,1
35,
2,322,4
469.0
3,996,0
•-'01,4
1.662.9
407,7
4,7.-1,2
1.961,0 20,976,0
7,381,2 107,609,0
1.128,1 19,532,2
605,3
3,779,8
842,9
5,651,7
502,6
2,4/8,0
1,704,2 11,603,7
5,583,4 51,664,1
l,G3.->.0
2.00(1.0
20.579,4
3.927.0
310,9
16.S52,2 134.615.3
7,461,2 •-'3.895.5
5,165,2
342,3
2,207,-.i
7.571,7
2.119,4
124,2
3,866.0
370,5
2,145,0
528,
4,632,2
520,9
4.018,1 29,097,0
10,000,0 127,760,2
4,423,6 22,386.8
3.022,8
600,5
5.596,2
1,087,4
-',150,3
394.0
2,045,1 13,72.<,2
6,307,8 43,664,6
5,912,0
1,050,5
6,844,9
062,6
2,534,3
313.0
6,252,5
1,248.5
5,651.5
346,8
3,286,8 24,228,0
5,895,1
1.026,9
6,511,9 22,170,0
6,895,3 55,540.0
1.066,5
143,1
2,910,1 17,336.1
9,790,0
602,2
9.228.0
1.304,1
13,412,6 76,991,6
6,650,4
890,3
2.72.-<,0
773,6
4,127,8
651,0
4!>2.3
3,539,7
3,762,9 38,065,6
8,369,1
1.659.4
2,814.0
659,2
3.056.3
873,9
10.959,6
1,309,4
6,938,7
1,289,2
2,364,7
370,6
7,608,4
1,394,2
3,184,0
518,7
1,338,8 12,13.%0
582,6
4,258,0
1,901,1 10,079,7
507,9
4,387,7
5,793,7
578,8
4,901,0
523,2
2.210,6
2,572,0
3,585.3
3,511.-'
680.0
31.538.6
•J73,0
5,143,9
923.6
714,9
471,8
891,0
335,2
1,052,2
3,025,0
19,790,2
4,003,4
368,0
681,3
187,2
1,01'J,0
9,107,9
835,5
1,367,6
308,7
1,173,7
1,639,8
441,6
526.2
329,3
622,2
171,8
3,502,0
892.8
1,296,0
4,217.0
171,7
2,274,6
619,0
3,!»19,0
177,2
3,488,0
14.146,0
169.9
2,745,0
1,954.0
1.313,0
14,450,9
847,2
350,0
746,6
638,0
10,915,9
2,130,1
120,0
419,5
965,4
1,328,6
396,9
1,632,1
639.0
1,897,0
582,0
1,863,1
030,1
893,7
1,013,0
J-.C.
24-6
33 5
2,211,0
MlTl'lKUltS"
$
15.572.0
23.62S.O
12,^60.4
12.779,0
22.411.5
3.53S,0
10,949.0
Miinhat. Uo
1,138,0
2,389,3
533,2
252,0
373,2
217,1
1,999,9
310,8
535,0
565,2
1,731,9
361,1
173,7
458,0
338.0
1,532,0
600,0
240,0
320.3
624,5
124,0
5,06.',0
7,510,9
2,952,7
6,243,9
6,776,5
28,958,0
5,178,2
18.996,0
63,184,0
1,191.3
18,684.9
11,024,0
9.787,0
63,441,9
6,639,4
3,049.0
4,685,4
3,405,0
46,107,3
9,047,4
3,080,7
4,797,8
11,360,2
-l)-2
31-3
26-2
26-9
29-5
27-3
25-7
21-8
2
1
-5
32-2
311-5
23-7
25-2
2 6 -2
22-8
27-4
27 H
23-3
28-4
25-2
25-2
21-6
28-7
26-7
25-6
20-6
251
29-0
28-6
26-8
23-3
25-0
26-5
24-4
19-7
23-8
25-1
280
26-9
21
-2
20-6
23-7
6,><46,7 24-6
2,263,8 25-1
8,619,1 24-2
3,518,0 24-9
13,701,0 250
4,460,0 26-5
8,447,5 24-8
4,447,7 28-1
6,08 t,l 23-3
4,965,0 22-9
115,572,7 129,874,3 907,099,0 171,706,6 68,666,6 t8897146 27-0
Total Uuited States deposits included $37,200,400.
T
Reports ot Non-Member Banks.
—^The
following
is
the
sta»eiaent of condition of the non-member banks for the
week ending Oct. 24, 1903, based on average of daily results.
We omit
City. Boston and Philadelphia Banks.— BeIow|
a suminury of the weekly returns of the Clearing House
Banks of New York City. Boston and Philadelphia. The Now
York figures do not include results for non-member banks.
I>epo!iil.'.
$
$
•J.44.'?.l
2.000.0
2,050.0
New York
is
We omit two ciphers (UO)
spfcie.
l.oaiu.
.<'iv.
Bit. of
1511
Capital A-
BAKKS
Specie.
J^oans.
Hurpliis.
008 omitt«d
tal.
plus.
Invest-
ments.
N. Y. CITY.
Boroughs ot
ilan&Br'nx
Colonial
Columbia
..
14th street.
Gausevoort.
Haniiltou ..
Sit. -Morns
Mutual
19th W.ir.l
Plaza
Riverside ..
.
Stftte
12th Ward
23d Ward ..
.
YorkviUe
Fidelity
..
....
Varick
Jetterson
..
Century
...
Wash. Hgts
United Xat.
Leg. T.
dkBank
Notes.
Net
Other Deposits
Agent. Bks.&c
(Jlear'g
17,938,0
17.918,0
17,856,0
52. 635,4 l.«5,856,0
52, 635,4 187,285,0
62, 635,4 188,096,0
$
209,2
270,0
110,5
64,0
114,0
109,8
209,5
197,7
243,8
103,3
498,6
100,5
93,1
271,0
116,4
64,3
256,2
53,2
121,4
206,5
*
2,235,1
3,415,0
1,489,4
1,743,4
2,286,5
2,095,0
2,182,9
1,278,1
2,771,0
1,047,4
7,021,0
1,481,0
1,361,5
1,788,0
659,1
728,0
1,820,9
390,5
566,0
2,005,0
$
60.8
198,0
81,9
51,2
125,4
127,7
28,4
25,4
164,0
16,0
435,0
48,0
45,7
28,0
10,5
3,0
10,3
4,2
12.4
207,6
$
177,3
108,0
94,9
118,9
98,7
85,6
232,9
124,0
141,0
96,7
241.0
205,0
149,1
197,7
37,1
69,6
68,5
19,0
24,7
48,5
$
263,7
323,0
285,7
183,7
194,3
262,7
186,4
188,1
151,0
60,5
87,0
84,0
111,2
69,5
55,7
77,3
201,1
29,5
57,4
90,6
$
$
90,0
1,8
2,542,0
3,608,0
1,907,8
1,990,0
2,571,3
2,742,8
2,388,1
1,651,1
2,870,0
1,101,7
7,374,0
1,865,0
1,615,9
1,789,0
32,3
593,6
774,0
3,0
125,0
58,5
100,0
54,4
243,9
49,0
343,0
37,2
5
23,6
1,536,3
333,5
436,1
1,177,1
Borough of
Brooklyn.
Broadway
.
Brijoklyu ..
Mtrs.'Nat..
Mecliauics'
Merchants'.
Nassau Nat
Nat. Citv
North
.
Side.
Peoples
17 th Ward
.
.
Borough
Borough oj
Richmond.
. .
Bk.
of St. Is.
l8tNat.,S.r.
12,4
97,7
313,2
146,3
12,4
200,0
105,0
12,2
60,8
72,1
77,8
2,131,3
1,436,3
2,835,4
5,587,7
906,1
3,972,0
2,820,0
894,2
1,166,1
617,6
1,023.2
1,388,2
778,7
1,401,8
76,5
110,3
317,3
162,2
532,6
348,6
51,0
649,6
589,5
167,8
166,2
80,4
268,4
120,2
170,7
238,8
451,3
495,3
112,0
46.4
46,8
13,4
160,1
52,5
99,2
462,2
59,5
412,0
270,0
60.8
87,7
57,3
20,0
92.9
24,7
81,8
S^Z
738.9
19,8
39,1
15,0
10,0
75,2
93,0
19.9
588,9
677,0
400,0 1,031.4
4.074,7
212,6
301,6 1.179,1
441,2
5,311,4
250,0
250,0
200,0
640.7
288.9
278,8
2,25.'5,3
1,164,9
1,112.0
74,1
66,7
46,2
61,3
20,3
72,0
170,3
217,3
533,5
40,8
10,3
32,3
1,807,6
1,066,6
1,547.7
110,0
125,0
622,9
143,7
2,724,5
1.121,7
146,5
34,8
34,5
30,1
149,1
91,3
19,0
90,6
2,670,0
1.229.0
10'J,0
SpragneX at
Union
Wallabout
115,0
300,0
252,0
600,0
100,0
300,0
300,0
100,0
100,0
200,0
200,0
100,0
200,0
25,0
100,0
8,1
145,1
662,0
354,0
38.1
149,8
79,6
205,0
113,1
58,5
138,0
24,3
40,0
10,0
27,0
192,0
231,1
74.4
58,5
85,0
128,1
114,8
65,4
2,123,1
1,542,1
3,300,8
6.609,8
1,029,4
4,607,0
3,183,0
98«,4
1,345,5
663,2
1,082,0
1,462,6
843,1
1.472,9
jBssErCrrr
First Nat...
Hudsou
Co.
National
.
Second .\ai.
Third Nat..
HOBOKKX.
First Xat...
Second Xat.
Circulation.
Clearings,
5,091,(> 210,540.0
0,257.0
1
5,474,0 215.414,0
5,669,0 212.031,0
6.345,(1
138.400,9
127,199.6
6,417,0
2(5,677,5
l>hiln
48, 167,1 182,250,0
48,,167,1 181,129,0
48,,167,1 181.523.0
Cct 10
Oct 17
Oct 24
200,415,0 11,030,0
53,237,0
66.085,0
66,714,0
208,8119.0 10,996.0
101,721,1
108.799,9
209,715,0 11,000,0
1(J9,171.0
luclitdiUK for Boston and Pluladeliihia, the item "due toother bunks,"
and also Government depo.sits. For Bo.ston these Government deposits
amounted on October 24 to $6,412,000 on October 17 to $6,419,000.
t
;
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
Oct. 22. and for the week ending for general merchandise
Oct. 2'i also totals since beginning first week January.
;
FOREIGN IMPORTS.
for week.
1903.
1902.
1901.
1900.
$2,291,962
10,114.201
$2,669,038
9,329,512
$1,885,173
9,802,368
$1,768,374
9,349,227
$12,406,168
$11,898,560
$11,687,641
$11,117,651
$110,899,866 $104,615,102
Dry Goods
General Merchandise 380,568.786 360,225,200
$87,938,521
369,020,150
$97,150,3.S8
General Merchandise
Total.
Since Jan.
1.
Total 43 weeks
342,865,328
$491,468,651 $464,740,302 $456,958,671 $440,015,666
The imports of dry goods for one week later
in our report of the dry goods trade.
wiU be found
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Oct. 26, and from January 1 to date.
Exports from new york for the week.
specie)
For the week
Previously reported..
Total 43 weeks
1903.
1902.
1901.
1900.
$9,295,312
399,915,555
$10,195,821
385,504,192
$10,637,626
412,285,665
$11,095,777
436.631,231
$409,210,867 $395,700,013 $422,923,291 $447,727,008
Note. — As the figures of exports as reported by the New York Custom
House from week to week frecjuently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adalng to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending Oct. 24
and since Jan. 1, 1903, and for the corresponding periods in
1902 and 1901.
NEW YORK
EXPORTS AND IMPORTS OF SPECIE AT
EXPORTS.
Great Britain
Since J an.
Week.
IMPOHTS.
1.
Week.
Since Jan. 1,
$2,579
2,929,154
.....
France
$20,2"8yl98i
Germany
West Indies
............
4is,h'6i)
.
Mexico
$
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200.0
100,0
100.0
100,0
200.0
100,0
100,0
200,0
100,0
400.0
100,0
100,0
1,000,0
/v.
,,osits.t
I
Itott.
Oct 10
Oct 17
Oct 24
two ciphers (00) in all cases.
Specie.
Leyals.
N. V.
Oct 3 247, 506.0 912.903.1 107.47R..1 70.762.7 "^97,214.4 45,074. 1,327,845,7
Oct 10 245. 447.0 913.101.5 171.0()3.7 69,917,2 8117.61.'->,1 45,714,81 1,115,735,4
Oct 17 24.), 4l7,i> ',I08,2(;5,5 171.870..^ tiS.5ii3.3 -91,771,4 4r,,723 1,125,459,2
Oct 24 245, 447,0 907,099.0 171,706,6 i!8,66(5,5 889,714,0 45,862, (i 1,136,236,3
Deposit with
Capi-
all these llqures.
\
Gold.
BANKS
m
4,000
All other countries
Total 1903
Total 1902
Total 1901
3,076,535
1,832,293
62,797
7,675,312
10,300
$17,000 $32,947,218
207,500 26,230,985
25,000
29,456,676
20
$20",528
17,222
697
402,341
180,016
621,349
56,707
$38,347
235.641
67,682
$4,191,166
5,086,376
4,106,989
Silver.
Great Britain
France
*929,545 $21,424,165
2,500,141
""960
3,550
152,751
15,200
'9o6
166,726
886,460
.
Germany
West Indies
Mexico
South America
All other countries
Total 1903
Total 1902
Total 1901
.^931,395 $25,148,993
817,844
474.845
27,655,315
39,129,090
$44,000
844
"*869
128
380
45,323
981,873
317,094
5,747
$23,970
13,717
97,888
$1,394,881
994,096
3,112,854
22.593
Of the above imports for the week in 1903, $12,780 were
American gold coin and $1,191 American silver coin. Of the
exports during the same time $17,000 were American gold
com and $950 were American silver coin.
Auction Sales.
—See page preceding.
Spencer
Trask &
BANKERS,
Co.,
WIIililAOT & PINE STREETS,
]VE\r YORR«
Transact a greneral banking business; act as Fiscal
Agfents for corporations, and ne?otiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members
N. Y. Stock Exchange.
Moffat
Branch
Office, 65
state
St.,
Albany.
& W^hite,
Members New York Stock Exchange,
1 NASSAU STREET, CORNER WALL,
Dealers in InTe§tinent Securftfes.
Tot. Oct 24 8,512,0 101089 79,060,1 3.609,0
4.823.7 8.769.5 2.856.9 85,818,4
Tot. Oct 1 8,512,0 1010*9 79.303 9 3,613,9 4,768,8
3.354.7 87.904,0
Tou Oct 10 8,512.0 101089 79,731,4 3,686.3 4,953,7 9.728.2
9,651,9 3,182,2 »7,910,4
TeU
5820-58S1 Cortlandt.
Telephone !Stocks a Specialtr.
.
THE CHRONICLE.
lolS
©alette*
jSanUi^rs'
For Ditidtndt
bm vage
ijio
WALL STREET. FRIDAY, OCT. 30. 190S.-5 P.M.
The Money Market and Financial Situation.— Saturday's
bank statement was more favorable than had been expected,
and the low rates for call loais which had prevailed continued during the early part of this week. Under this influence chietiy and a more hopeful outlook for the copper
industry, the security markets were active and strong until
near the close on Tuesday. At that time news came from
St. Louis that deposits were being withdrawn from some of
the trust companies there, which caused apprehension and
checked tlie buoyant feeling at the Stock Exchange. This
run, if such it may be called, was of short duration and is no
longer a disturbing factor, but it called for a large amount
of currency from New York, and the outflow this week to
This in
St. Louis and other points has been very heavy.
turn has caused a sharp advance in rates for both call and
time loans and a decline in foreign exchange. Those who
look for a speedy return of the funds shipped to St. Louis
may be disappointed. The demand for crop-moving purposes
has increased and a liberal supply of currency at that important distributing point would be of great benefit in the
Southwest during the remainder of the year. As noted above,
the foreign exchange market is easier. Sterling bills are
selling only a fraction above the gold-importing point, and
estimates are being made as to the probable shipments of
gold from the other side. Such a movement in the near
future, however, we regard as a matter of great uncertainty.
The open market rates for oall loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2}4 to 5 per cent. To-day's rates on call were 4 to
5 per cent. Prime commercial paper quoted at 53;^@6 per
cent for endorsements and 6@6>^ per cent for the beet single
names.
[Vol. Lxxvii.
The market for railway bonds has been somewhat more
active than last week, the transactions on Tuesday amounting to $4,700,000, par value. The demand for high-grade
issues has continued, but was less conspicuous than last
reported. Although prices have generally receded from the
best, they still compare favorably with the close last week.
United States Steel 5s, which were this week listed on the
Exchange, have been the most active bonds and covered
a range of over a point, closing practically without change.
—
United States Bonds. Sales of Government bonds at the
Board include $9,000 2s, coup., '930, at 107^^; $3,700 38, coup.,
90S-18, at 109% to 110; $25,000 3s, reg., 1908-18, at lOOJ^;
$7,000 4s, reg., 1907. at 1113^ to 112, and $5,000 4s, reg., 1925,
The following are the
at 135)4.
daily closing quotations;
for yearly range see third page following.
>8,
38,
3a,
Is,
3s,
Ss,
registered
1930
oonpon
1930
1930 .smaJ. registered
oonpon
1930 .small
registered
1918
1918
oonpon
88,
88,
48,
48,
48,
4a,
68,
1918, 8maU.regl8tered
oonpon
1918, small
registered
1907
Sa.
oonpon
InUrMt
Oct.
Oct.
Oct.
Oet.
Oet.
Oet.
PtrioOs
34
36
a?
38
89
30
Q—Jan
Q—Jan
Q-Feb *i08"
Q-Feb «108»4
Q— Feb *•>*
Q-Feb *106H
Q—Jan
Q— Jan
registered Q— Feb
oonpon
registered
Q-Feb
Q-Feb
Q-Feb
*111
•111
136>«
*135'a
*101i4
*102»a
•107S *107ia •107>s •107»«
*107\ •1071a •107 1» 107*4
•ibs" •ibs'i •i08H 169^
*108»4 •100
•ioei« '109 1*
,.
•
oonpon
1007
1925
1925
1904
1904
•lO?!, *107>«
•107>« *107>«
•ib84
110
.
•1081* •1061a •106 Vj
ib9s *106»«
iim •\n^ •iim 112
•111
•111"* •1111a •iim
*134Hi •134 »a •134112 •1341a
•1364 •1351a •1361a •136i«
•lom •101i« *101i« •IOII4
•102>a •1021a •1021a *102»»
•lllia
•lllia
•134 la
*186>i
•lom
•ioa>a
•This la the vrloe bid at the morning board: »o tuu was made.
Railroad and Miscellaneoas Stocks.— The stock market*
under influences noted above, has been irregular, both as to
volume of business and the movement of prices. On Monday and Tuesday the tone was strong and changes of price
were generally to a higher level. On the last-named day
over 722,000 shares were traded in. On Wednesday there
was a hesitating tendency, with the volume of business
greatly reduced, and on Thursday the market was weak
while the transactions aggregated only about 274,000 shares.
To-day's market has been even more dull and featureless,
with N, Y. Central, Bait. & Ohio and Manhattan Elevated the
The Bank of England weekly statement on Thursday
showed an increase in bullion of £787,500 and the percentage of reserve to liabilities was 49 60, against 44-90 last week,
the discount rate remaining unchanged at 4 per cent. The
Bank of France shows a decrease of 9,600,000 francs in gold only active railroad stocKs that did not fractionally decline.
and 3,425,000 francs in silver.
North West, covered a range of 63^ points and closes with
NEW YORK Orrr OIiBASINO-HOUSB BAinCB
a gain of 4 points. Lackawanna, on limited transactions,
IHff»r*nc»»
advanced over 7 points, and retains a large part of the gain.
1902
1901
1903
from
Oct. 36
Oct. 35
Oet.a4
Pennsylvania has been unusually active, and when at its
prt9iou$ wMk
highest showed a gain of over two points. Atchison, Missouri Pacific and the principal local transportation issues
100.673,700
Okpitol
118.573.700
81,722,700
orpins
117.667.900
98.843.700 have been strong features.
129.874300
dlMoiint*
LoAaaA
Su7,099,000 Deo i.ioe.soo 870.977,600 884,589,700
Amalgamated Copper has been very active on the peculiar
OlrenlAtion
40.128.900
40,863.600 I no
189.400
31,768.200
Het deposita ....
•889,714.600 Deo 3,056.800 883 686,300 064,496,100 position in which the company has been placed. It advanced
p«e]e
171,706.600 Deo
BMerrebeld
tS
p.
a of deposlta
160,032,600
60,420.300
182.942,800
70,894,400
3,000
238,462.80(j
514,300
220.671. 32S
283,337,200
238 624.026
68.666600 Imo
164,200
161,200
340.378.100 Deo
323,438,650 Dec
I/«calt«a(lers...
8«Tpln«nM«rre
51 1.300
17,781,476
14.713,176
17,944,460 IBO
$37,200,400 United 8tatea deposits Inolnded, atrainst 937,337,900 Ust
veek and $40,066,400 the oorresponding week of last year. With tbese
United States deposits eliminated, the snrplns reserve woaJd be $27,244,560
on October 24 and $26,742,726 on October 17.
NOTB.— Betorns of separate banks appear on tbe preceding page.
•
—
Foreign Exchange. The market for foreign exchange fell
heavil V this week, influenced by light demand for remittance,
by a better supply of commercial and security bills, and
chiefly by active money.
To-day's (Friday's) nominal rates for sterling exchange
were 4 82i^@4 83 for sixty day and 4 86@4 %&% for sight. Today's (Friday's) actual rates for sterling exchange were 4 8160
@4
8175 for long, 4 8495(34 8510 for short and 4 8550(34 8560
for cables. Commercial on banks, 4 8140(34 8150, and documents for payment, 4 80^(34 81^.
Cotton for payment,
4 80?^(34 80^
cotton for acceptance, 4 8140@4 8150, and
grain for payment, 4 81^(34 81^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 20^:^8 20t for long and 5 18%*(35 \%yi\ for short.
Germany bankers' marks were 94J^@94 9-16 for long and
9415-lfj'a95 for short.
Amsterdam bankers' guilders were
39 15-16(340* for long and ^)4*@A(i]4 for short.
Exchange at Paris on London to-day, 25 f. 14 c.; week's
range, 25 f. 14 c. high and 25 f. 14 c. low.
The week's range for excharge rates follows
;
-ShMrL-
-Long.-
-Cables.
BUrHng Actual—
High... 14 8280
I<oir...
I
4 8160
'3
'3
4 8660
4 8240
4 8176
4 8495
t^rU Banlure Franet—
-ai 6 19H*
Low... 6 20^*
a 5 20*
S«nM«nv Bankers' Mark*—
I
Hlgb...
Low....
04°«
I
I
94''i9
®
«
94>ii*
Si^ia
IM»:
I
1
'
>is of 1%.
t
>M
8510
®
6 17>«t
5 18>«t
963,9t
'3
06*10
of 1%. t 'at ot 1%.
4 8610
4 8560
'&
9
4 8625
4 8560
«
a
a
96
40»i8*
40A«
Plus: M >ie of 1%.
• *
Im
of
1%.
The following were the rates for domestic exchange on
New york at the under-mentioned cities to-day: Savannah,
62^0. per $1,000 di.soount; Charleston. 50c. per $1,000 discount New Orleans, bank, $1 per $1,000 discount; oommerolal, $1 50(3$1 25 per $1,000 discount; Chicago, 30(§40c. per
;
San Francisco, 25c.
per |l,0i premium.
State and Railroad Bonds. No sales of State bonds have
been reported at the Exchange this week.
$1,000 discount; St. Louis, par discount;
—
Sale*
STOCKS
WteK XnAing
Oet.
30
is*
week
300
AJllB-Ohalmers Oo
Sngar, prof.,
100
Steel Foanaries... 1,320
Amer Teleg <& Cable
128
Oleye Lor & Wheel, pret 100
Oeneral Ctaemicdi, pref..
200
Amer Beet
mer
Homestake Mining
lUinols Cent leaded lines
Nat Enam
<&
Preferred
stamping..
N Y Dock, pref
100
33
400
60
17
Ba/nge Jer Wtth
BoMfs tinct ram. 1.
8i*Oct26
8 Cot 2S Fe«
Oct 24 78 Oct 24 78 Oct SSSFeb
4isOot
4HOct 24 6i80ct 27
20 Jan
78iaOct 27 80 Oct 28 77 J'ne 02 Jam
76 Oct 26 76 Oct 26 e7>»J'ly 97 Jaa
96 Oct 2
06>«Oct26 95 Oct 101 Jaa
66 Oct 27 66 Oct 27 65 Ang 65 Mar
101»«Oct 27 101»4Oct27 lOO^Sep 1018400*
IgTgOct 28 19340ct 28
IS^aOot 36 Mar
76 Oct 28 76 Oct 2H 76 Oct 98 Mar
iOi^Oot 57 Feb
41 Oct 27 4;i Oct 27
SiflOot 27
73
Ontside Market.— Extreme dulness has prevailed in the
for unlisted securities this week, more attention
being paid at times to election betting than to the buying
and selling of securities. Prices displayed strength in the
early trading, but at the close on Tuesday weakness developed and throughout the rest of the week the trend of
Standard Oil
prices, in most instances, was downward.
stock was again the feature of the week, advancing from
655 J^ to 6943^; to-day there was a reaction to 688; these
shares have gained 743^ points in the last two weeks.
Northern Securities stock moved up 4 points to 89 in the
early part of the week, then weakness developed and
market
the
price
moved down
to
86;
the
close
to-day
was
^1%; total transactions for the week in this stock
aggregated, it is estimated, about 7,000 shares. St. Louis
Transit dropped 1^ points to 14^4^. American Car common
sank 1 point to 2i^ and closed to-day at 2%; the preferred
advanced from 2T% to 29 early in the week, but to-day it declined to 273^; the close was at 27^^. International MercanThe common rose
tile Marine issues have been very dull.
again
to 4; the preto-day
it
fell
back
but
point
to
43^,
3^
ferred gained 33^ points to 173^. Electric Boat preferred on
at
•a
Amtterdam, Banker^ Guilder*—
High...
40
a 4011
40>«11
Low.. ..
® 40*
40'«»
89i»ii
I
4
V
94>»„
I
®
5 18>s*
617
High... 16 30
4 8670
•a
4 points during the early part of the week, about half of
which it has retained. The United States Steel issues have
been steady to firm. New York Air Brake covered a range
of 8)^ points, Westinghouse 8 and Geoeral Electric 5 points.
For daily volume oj buaineaa see puge 1523,
The following sales have occurred this week of shares nol
represented in our detailed list on the pages whioh follow.
Wednesday sold at 47, a gain of 5 points over the last previous sale, about two weeks ago; on Thunsday it dropped to
44 and to-day moved up again to 46. Greene Consolidated
Copper advanced from 15% to 183^, and then receded to
After a gain of 2 points to
1634; tlie last sale was at 163^.
3^3^ Tennessee Copper reacted to 293^; the close to-day was
at 3034. White Knob Copper gained a point to 11, but subsequently it fell back again to 10.
Outside quotations will be found on page 1533.
1
2
1
New York
Stock
Monday
Baturda v
Oct 24
Oct.
26
Record, Daily, Weekly and Yearly
TWO I'AJJKS
axd lowkst salk bricks
•29
34
57
57
'g
65
67 V
•29
36
•67
62
65 Vl 66
88 »4 88 S.
73»4 7-t
*87>a 88
S8»4
74I8
8(1 «s
7 5 '4
88
88
Tuesiiau
•29
•55
67
90
14^8
I'i^s
138^139
#170V,170>,
162 le^s.
4200
200
•120
•160
124
ISO
•9
•16
•30
35
115
72%
12
52 "a
21H,
•lo2»2 155
•231
•19
20"-)
•66 "u 69
•IS^j 15
*8<,
9H!
16>2
•SSHj
9
1034 13
2718
27
6638 66%
48 '8 49
•do's
594
*7o
80
*35>a
;
*160
176
•69
;81
131
71
81
15»4
86
64
27
140>4
171^2
I6GI4
124
180
9
18>4
534
5
*71
•105
•16
164
•121
•160
9
9 Si
17»4 •17
4
12^8
«52Si
21Hi
1434
•84
6338
•2d
139
ITlis
•29
•66
67
36
60
67 »8
•55
66»8
•29
•55
35
60
Ann
Do
35
60
673t.
664
9»)34
90
9034
90
90
741-^
88
..
87 '9
36
127
3434
74'a
87^8
3434
751...
88
7534
87^8
3538
125
125
12034
llyi-l 12018
05 "y
159
30 V
28 '8
64
I59I4 159 la
6434
200
120
64
2934
2734
65
183
120
15'4 15"^
15
•84
•84
87
•63
•64
66
•26
26
26''e
139 Hi 141
I3914
'171
172 172
IGGi^lOSis I6512
207
124
•160
9
18>4
6H1
124
180
938
19'4
8
34
•122
•160
•9
194
6'a
301.
28
66
la
200
120
I5I4
87
66
26^8
I4OI4
173
166 la
207
125
180
91a
1914
7
Do
Do
•18
7
jirof
Do
prof
Central of
New Jersey..
Chesapeake <$! Olilo
ChlcaKOife Alton
Do
pref
Chicjigo Hurl <fc Qulucy..
ChiCiit;o& Kast. Ill.,pref
ChicaKO Great Western..
Do 4 p. 0. debentures
Do 5 p. 0. pref. "A"..
Do 4 j). 0. pref. "B"..
ChloaRO Milw. & St. Paul,
Do
pref
Chicago & North Western
Do pret
PaciUc
Chto. Rock Isl'd
Chic. St. P. Minn.
Do pref
&
'122
'160
126
180
94
"84
•16
19
7
7'8
7,302
60,800
Ohio
(lanadlan Paoitlc
>>aua(la Southern
20934 20834
84
<fc
Brooklyn Rapid Transit..
Bultiilo Roch. <fc Pittab'K.
1...
'122
•160
ifc
130
180
94 Chicago Tenu'l
Do
19
& Om
Transfer
pref
Chicago Union Traction.
714
•34
32
35
35
35
Do pref
•321a 34
7334 7334 •7314 7334 Cleve. Cin. Chic. «fc St. L.
73 >e 7434
74
74
106 115
•106 115 •110 116
'110 115
Do pref
12^8 13>4
1314 1334
13=8 13% •124 13
13 >« 13'e
Colorado <& So., vot. trust
56I4
64I4
54I4
53"^ 56
5534
5434 66
62 Sj 53
Do l8t pf. vot. tr. cfs.
•22
213^ 21-8
22
23 »8
22^8 23
23
23
23
Do 2<1 pf. vot. tr. ctfs.
156 15638 158 158
156 166
155 I55I4 •154 156
& Had,son
Delaware
L.:
235 237
237 23934 '239 4 240 238 4 240
234 Hj 234
elaw. Lack. & West'n.
•19
«19ia
21
21
194 194 I914 ~194 Denver* Rio Grande
•191a 21
•67
-67
70
69
69
{6812 681a 674 70
70
Do pref
•13'2 15
•15
•15
14>2 I6I2 •15
17
Des Moines & Ft. Dwlge.
•9
•9
•9
•9
9>3
934
934
934
934 Detroit South, vot. tr. ctfs
"8'a
I6I2
16
16
17
174 174 17
17
Do pref. vot. tr. ctls.
161a 17
6234 6234 Detroit United
5934 5a34 •60
61
62
463
63
•71.^
•714
•734
•734
9
9
9
9
Duluth So. Shore & Atl..
71a 9
•1034 13
III4 13
•Ilia 13ii2 •1114 131a •1114 13
Do pref
27
27% 2818 27 »4 2734 27
27% 27
274 Erie
66I4 66%
6634 6738
66 >a 66 '8
664 6634
Do 1st pref
661a ii6\
49 "a
4938 501a
49
49
494 4938 49
Do 2d pref
491a 5018
•55
57
68
65
62
65
66
65
64
62 Evansv. & Terre Haute..
*75 ,80
•75
73 80 •75 80 73 80
80
Do pref
•35 "u
•35
•354
•37
38
38
Ft. Worth&Den. Cstmp.
•160 176
160 176 •160 176 '160 176 •160 176 Great Northern, pref
33
72
•105
115
Green Bay<fcW..deb.
11
131\
•18>ii
1912
•34
•25
36
....
•64'a
66'2
•17
•31
•10
18
32
•40
•23
45
28
95
•85
3134
300
•53
60
99^8 100 i-i
183>4 133^4
77'v 77^
10
•113
•
107
•33
•25
•64
18
•10
•40
•23
•85
20
•260
107
7OI4 7134
80-8 821-i
131 131>4
•19»a 20'.j
Hi
10>4
9=8
135
,
•93
yU"*
95
.•88»a 40
r*18>a 20
118I4
; 11734
24
/
lOO
•56
,
20'a
66>4
24
105
58
20=8
oei^
88
»85
»42
47
•Se 110
55
[•61
II8I4II834
'•16
19
•
,
-
76»4
7534
60
95
44B8 46
60
•90
76'a
• 60
2434
60
'
•8
•Zi
131,1
75I2
65
25 14
60
10
38
13^2
66»2
18
3134
25
66I4
I8I4
311a
30
671a
I8I4
3134
•20
89%
93
10
125
1814
934
104
•118
4813
48
•89
90
64%
114
17
36
91
100
135
48
90
54I4 55
114 116
17
3534
93
•38
39 14
40
•19
20
19
1181a 119'e 119
"25
24
25
*100 105
101
•60
63
571a
195 195 }195
201a
56'8
}88i4
20^8
5714
8814
-42
47
•85 no
•52
58
118=8 11934
•15 »a 19
1778
3634
9118 9234
20^8
57
*85
•42
•85
63 4
105
62
195
2138
58
88
47
110
54
-57
61
95
60
•90
60
95
25
2534
601a 61
•8
•33
•13
46%
76I4
•61
25Hi
6O34
46*8
7734
64
10
•40
'24
>85
•260
•53
30
66
1834
20
60
26
95
300
60
46
490
64
114
135
62
90
64
114
17
174
354 364
9138
92=8
1834
'23
100
60
•194
96
95
40
105
60
1954 194
5634
574
89
47
85 110
•534 60
17
*75
76
60
60
98
45^4
4^i
61
26%
2479
6I34
60 14
•100
*55
79
63
2534
60=8
20 14
93
53
'23
*100
63
55
195 4 4195
•90
4434
•76
60
pref
&
Mich. South'n
95
26
105
65
195
N. Y. Chic.
N.
&
St.
Louis..
Do Istpref
Do 2d pref
Y. N. Haven &
Hartf.
o5
4434
4578
Do
60
pref
Pittsb. Cin. Chic.
98
Da pref
454 Reading, vol'g
St.
tr. ctfs..
Ist pret vot. tr. ctfs...
2d pref. vot'g tr. ctfs.
478
•60
2479
25%
59%
6O34
244 254 Rock Island Company....
•5934 61
Do pret
•8
87
33
10
38
15
*13
15
Jan 10
69 Jan 21
S0 7„ Jun 111
S4%Aiii.'U 103 4 Jan 10
41
AukU
'
'J.-
27 4 Aug
I
184 Sep 28
i)
"400
1,000
11,700
1,000
1,012
Aug
8
15
3
5
Sep 24
May 2 3
May 22
Aug 10
30
66
._
1134J'ne 8
3,370 10 J'ly24
4,135 444 Aug
2,110 17 Aug 1,100 149 AuglO
1,600 230 J'ly24
710 18 oa 12
170 64 Oct 12
400 1 _ Sep 29
600
900
1,095
7
56,070
10,714
8,700
6,620
Aug
734
6
15 =8 Aug 6
65 Oct 14
Aug
5
IOI4 Sep 28
23 Aug 8
62 4 Apr 13
44 J'ly24
10
Joseph &Gr'd Island.
344 344 St.Do Istpref
•13
15
Do 2d pref
104
Jun 9
963^ Fini
1
714 Feb 17
150
Feb
UIO Feb
138 '4 KobK
""'
"
78 4 Jan
190 Janl
'
53 4 Jan
3714
73i«
1
Jan
Jan
150
664
17,492
1,000
Aug
42
19
33
Oct 12
8534
AuglO
85
Oct 15
344 Mar 2
17 4 Oct 19
112% J'ly 15
19 4 Sep 28
100 Oct 6
Sep 28
4May25
281
8,508
5,850
*lS7
120
85
AuglO
3934
Sep 29
19
Sep 28
54% Oct
15
75,990
703
40O
67,560
3,183
41%J'nelO
73
60
Sep 28
J'nelO
Aug 6
5534 Sep 28
19 4
30
Augll
7
Oct 1
Oct 12
Oct 1
100 32
100 yl3
Feb
5434
Nov 72% J'ly
Apr .28 An(
Apr 45 Sep
4834
Jan 77 4 May
744 Jan ^(i'^ Sep
954 Jan 06 4 Sep
92% DfC .184Sep
92 Dec 99 Sep
110
139
1124 Jun .4514SOPJ
71 Doc 97 Mar
195 Nov .98 Janl
42% Deo 67 4 Sep!
29 4 Dec 4n%j'ir
68 Nov 79 J'ly
4191 J'no 4205 Jan
1364 Sep 151 J'ly
29=8 Jan
22 Dec 35 Aug
9078 Jan 13 89 4 Nov 954 J'ne
85 4 J an
8141'cc 904J'na
-4678 Feb
33 Dec 5134 Aug
183 14 Jan
160 4 Jan 19834 Sep
194i4Jan
186 Jan 20034 Sep
224 4 Jan 14 204 4 Jan 271 Apr
250 Jan 8 230 Jan 274 4 Apr
200 4 J an 9 152 Jan 206 Sep
162 Jan 21 140 Feb 1704Apr
194 Jan 5 19479 Nov 210 Apr
16 Dec 2479 Aug
1979 Jan 9
29 Dec 44 Sep
36 Jan
17 4 Jan 12 1034 Jan 23 Apr
5034 Jan 14
4434 Mar 60 Apr
99% Jan , 93 Nov 108% Aug
119 Jan 27 118 Jan 124 4 Sep
314Janl0 14 4 Jan 3534 J'ly
72 Jan 9 594 Jan 79 4 Aug
28 Jan 5379 Sep
48 Jan
I534N0V 184 4 Jan
1834 Feb
231 Nov 297 Feb
276 4 Jan
35 4 Dec 5134 Aug
43 Feb
90 4 Feb
864 Dec 9634 Aug
35 Dec 53=8 J'ly
4714 Jan
13 Feb 25 Sep20% Jan
3934 Jan
26 Dec 484 Sep
90 Jan _ 76 J'ne 97 Sep
194 Feb 16 10 Jan 24 Aug
i
,
.«
29% Feb 16
42% Jan 9
74
18% Jan
28=9 Dec
60 4 Dec
414 Dec
Feb
647^ Feb
50
82
Mai
May
30
Jan
181
4 Mar
70
9
3534 Apr
44=8 Jan.
7534 Jan
6334 Jan
7438 Mar
10434 Feb
674 Deo
Deo
May
203
Jan 90
Jan 29 4
Jan 106
Banks
HEW TOHK
Bid
Ask
Banks
City
Colonial 1j
Bid
Ask
t260
Ajnerica\ .. 500 615
... 405
Amer Excli. 210 225 Columbia Ti .. 375
Aetor
750 1000 Commerce. .6 t213
Bowery^, ... 350 380
Consolidated 160
170
Batch's <feDr 140 150
C'rnEschgel 335 350
Central
160
East River.. 150
CeuturyT;
175
Equitable ...
100
Chase
700
Federal
tioo
Chatham .... 300 320 Fidelityr,H....
.... 180
Cbel-seaExcf
Fifth Aveli.. 3700 4100
Cbeniioal
4000 4250' Fifth
375
Citizens'
155
First
625
• Bid and asked prices; no sales were made
on this
t S«J.o at Stock Exchange or at auction this week':
Bid
Banks
354 Dec
65 Nov
3379 Jan
5134
Ask
Banks
Bid
Jefferson^... 140
Ask
150
Banks
Bid
504 Aug
Aug
Aug
6234 Apr
75 Dec
19 Jan
44 Jan
13 Jan
45 Jan
40 Dec
120 Oct
325 Apr
72 4 Nov
102 4 Jan
128 Mar
109 4 May
'
35 Oct
35 Dec
89 Mar
138
340
20% Dec
31
88
39
Sep
41
84
Apr
71 4 Jan
Feb
Apr
May
159 4 Aug
158 Nov
1344 J'ly
9178
174
43
:i
Feb
Jan
Mar
4 Mar
9134
4150 Mar 192
105 Jan 115
Apr
Apr
Apr
Not
.184Jan 12734
364 Jan 84
90 Jan 139 Sep
304 Jan 5 22 4 Dec 3534 Sep
63 4 Feb 10 51 Jan 6934 3»»
11579 FeblO 9534 Mai 1264 Sep114 Febl6 80 Jan 122 Apr
47%May27 3134 Dec 45% Mar
284J'ne30
156 Jan 10 147 Nov lG878Jan
45 Jan
40 Nov 57% Aug
118 Jan 16 IIO4N0V 1244Jan
87 Jan 19 80 Nov 100 Aug
225 14 Jan 9 209 4 Jan 255 Apr
35i4Feb 5 251^4 Dec 37% Sep'
76 14 FeblO 55 Jan SOSiOc*
934 Feb 2 90 Feb 98 J'ly
72 Jan 10 65 Dec 81 4 Sep!
100 Feb 13 1004 Jan 106 Ma*
76 Jan 28 724 Dec 8434 Sep'
157% Jan 10 147 Jau 170 Sep
39 Jan 8 30 Nov 47 4 Apr
91 4 May 7 71 Feb 854 Sep
476 Sep 17 80 May 93 Sep
94 Jan 7 80 4 Jan 105 4 Sep'
115 Jan 17 113 Mar 128 May
69i4Jan 2 524 Mar 784 Sep!
7979 Mar 904 Sepi
8978 Feb 5
81 Jan 6 60 Jan 8079S«p^
53% Jan 9 334 Dec 504 Dee'
86 Jan 9 71 Nov 85 4 Nor
72 Jan 28 644 Dec 125 Apr^
15i4Jan 2 10 Dec 244 Aug
58 Jan 5 4934 Dec 81 4 Sep.
2479 Jan 19 24 4 Nov 42 Sep
^
I
Ask
Banks
Muttial^
Nassaull
.
Tj
Aug
9039 Apr
PhenLx
275
Plazall
180 190
Fourth
Leather Mfr. tsio
175 200
Gallatin
Liberty
390
New Amster 500 550 Prod ExchU
600
Riversidell ..
Lin coin
GansevoortH 140
1000 1050 New York Co 1500
Seaboard
226
Garlield
500
Manhattan^. 300 330
N Y Nat Ex.
Second
280
German Amij 150 160 Market &Ftll 220 250 New York... 270
130
Shoe & Leth.
German Exi, 375
Mechanics' . 230 245
19th WardU. 115
Mech & Trail 140 150 North Araer. 205 210 Statell
GermaniaTl .. 600
130
34th Street..
120
Greenwich
6300 310
Mercantile .. t215
Northern
12 th Wardll.
230 240
Merch Esch. 160 170
HamUtonH .. 170
Orientalli
23d WardH..
200
Hanover
Merchants'.. 170
PacilicH
500 550
tTnlon Exchl!
Imp cfc Trad.
u25
Metropnew", 400 500
Park (new).. 400 425
United
270 300
Irvins;
Mt Morris' .. 220 240 People'.s!!
220 230
rights. t> H&w stock.
and
dividend
i
Ex
day, i Less th-iu lOJ soare.s.
ji:c rii^iiw.
a
.-itate baaks.
i Trust Co. certificates.
h Asseasmep*' '^-•^
14thStreetTl. 300
Oct;
66
Aug
81 4 Jan 98% Deo
Jan
137
1734 Aug
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
>
May
33
63
794 Feb 16
132 14 Feb 17
1094J'ne
154 Oct
H ighest
}184 .Marl
l38i4Jau2!
394J'ly27 724 Jan
78 Augll 91 Jan _
100 31 Sep 29 7434 Feb 24
160 Oct 12 209 Jan 22
77 Marl2 85 Jan 9
10 10 Augll 274 Jan 5
1,700 63 Sep 25 106 4 Feb 20
2,670 77 Oct 19 99i4Mar 2
.,„.„
3,642 1254J'lyl6 151 Jan 10
110 16 J'ly27 48 Jan 12
100 304 Oct 12 77% Jan 12
25i4 0ct 9 47 4 Jan 6
1,330 62 14 Oct 12 8234 Feb 26
400 16 4 Oct 8 36I4 Jan 12
330 29 Oct 8 6II4 Jan22
200 10 Oct 27 40
.,
Mario
48 J'iyl5 455 Apr 23
225 24 Oct 15 53 Jan 8
90 Oct 13 lis Feb 6
4276 Oct 9 3344 Jan 5
55 Oct
83 Jan 7
„. „-r-..„„.^„„„
Sep 28 130 4 Jan 8
19,350
„,„„„ 95
9,210
-" 126i4Sep 28 1554 Janl4
3,800 70 4 J'ly 24 12878 Jan 6
19,260 9978 Sep 29 14278 Jan 6
100 18 Oct 10 38 Jan _
534 Oct 14 88 Jan 20
9 4 Oct 23 29 Mar23
5,680
102 May20 135 Jan 15
720 41 Oct 12 110 Jan 9
60 85 Aug 5 118
_. Feb 27
80 J'ly 30
300 50 14 Augll
115
193,9.30
4 Sep 28
218 15 J'ly 24
300 74 J'ly 27
476 Sep 17
400 55 Sep 29
L.
90 Oct 7
79
60
78
63
Oct 17
Oct 2
57
54
60 Sep 2!
4170 J'ly2t
""ibo 106 J'ly23,090 13 Aug _
83 4 Sep 28
200 63 Oct 15
800 24 Sep 28
82,88? 133 14 Aug 8
790 163 AuglU
5.830 153 Sep 28
260 190 Aug 8
132 Oct 13
190 117 J'Iyl4
190 May 11
10
&
tor J^eviout
Year (1902
Lowest
HKjIiest
"600 50
Rutland, pref
10
6,120
11,800
1,000
<fe
-43
47 Pacific Coast Co
Do Istpref
*S5 110
•53
58
Do 2d pref
11914 11934 Pennsylvania
•18
194 Peoria & Eastern
*76
78 Pore Marquette
11934 12078
60
98
Do
Shore
Long Island
<fe
88
47
110
60
59
Lake
L.
& Western...
Erie
204 204 N. Y. Ontario & Western.
564 564 Norfolk We.stern
85 89
Do adjustment, pret.
2034
20
78
26
95
300
60
Nash. Cliatt. St. Louis
at.of Mex, non-cum.pf
394
194
Do 2d pref
II84II9 N. Y. Central & Hudson.
26
105
*18
*76
Michigan..
C.Ft.S.<ftM.,tr. cts. pfd
•1834
6678 57
88
547
*85
Kanawha <&
18% Kansas City So. vot. tr. ..
Do pief. vot. tr. ctfs.
31%
20 Keokuk <& Des Moines...
50
Do pref
•38
1878 19
II834 II914
264 25
•85
•42
90
9214
•93
21
•76
174
364
394 •38
204
164
20
•544 57
10
10
•120 135
45 49
•85
90
54
54
•112 116
86I4
9078
64 4
Lowest
71 % Sep ^
960 82^4 J' lyj;
!l4 8op2..67,03;
100 124 J an
140 Sep 3
16,885 115% Oct 14
800 574Sep24
410 153 Oct 1"
IOOI4 Louisville & NashviUe...
13579 V'fanhattan Elevated...
79 14 I'Xetrop. Secur., sub. rec.
1104 Metropolitan Street
20 Met. West Side EL (Chic.)
•65
57
Do pref
934
934 Mexican Central
120 135 Micliigan Central
45
464 Minneapolis & St. Louis.
•85
90
Do pref
53 14 5379 Minn. S. P. & S. S. Mane.
1,835
110 112
Do pref
1,600
•164 17 Mo. Kansas <& Texas
2,415
3514 354
Do pret
3,900
9078 9II4 Missouri Pacific
136,480
1344134'8
•17
30
•40
•25
•85
267
•53
100
135
79
109
•17
•17
•120
26
64
*18
31
10
31
79
794
1104 109i4l097g
119181204 119412034
19
7738
76
65
79I4
1934
II834 11934
•16
76
447g 46
135
•93
•38
I2OI4
261a
*20
1024 lOOmoiSg
95
39 14
76
90
20
50
26
95
300
60
20
76
«76
•60
30
72
664 664 466
•174 184 -18
'31
314 •30
20
50
28
95
I8I4
ctf.A
Do
deb. ctf. B
724 •71
724 Hocking Valley.
82 83 4 824 824 482% 82%
Do pref
131413134 4131 1314 13014 131 illinois Central
204 204 •194 204 194 21
owa Central
34 36
•34
36
35
436
Do pref
7II4 7II4
•10
10
15
•40
•40
50
25
251a •25
•86
•85
96
5c0 300 • 260 300
'260
'50
•53
60
53
60
10034 10134 101ial0238 101
Iii3i4l34>s 134ial36
135
78
79
7834 791a
7834
107^8110
110 lllia 109 14
•118
48
«44>2 44't!
89'-^
•82
889>u
•62I9 0412
63
113 115 114
*15'8 ^e^e •16
35
89«8
36
30
lli-i
71«8 72i«
82*8 8234
13178 13234
igia 201a
431
31
Hanye
Week
31
i>ref
74^8 Raltimoro
A'lDiyf >or Year 1903
or lOO-stiaretois
fM t)asis
.Shares
100
Santa Fe 138,24:.
pret
8934
88
8S
88
35 V
34% 354
•120 127
•121
25
•126
•128
118i«118'4
11834 ill'34
64
• 63 4 64 4
•64
•167 159
H55 155
2934 30
2934 2934
27 14 2734
27 la 28-\,
6538 •63% 6434
66
•183 200
1 83
200
•110 120
'110 124
15
15
15
15
•84
•84
86
87
-63
•63
66
66
•26
•254 2i;
27
138% 139%. 138i4l38'4
417134 17134 172 173
'164 167
163 166
01
thf
Knilronds.
Arbor
76'-..
74i«
STOCK
EXCHANGE
90>.>
•
•84
87
•68»8 67
••J5>-j 27
60
68
tridau
Oct. 3b
Thtirsday
Oct 29
76'«
3434
33',
35
Wednesday
Oct. 28
Sates
ST<U;i\.S
NKW YORK
66^8 Atch. Topi'ka
3334 34^.
125
•125 127
•l'>r)
lU'7
•126
•125 140
•12:2 >s 140
llSTg I20I4 119»8
li8>i.iis;'j
6.'>
6434
64=8
• 64 »«
159
160
157»2la7'..> 156
29^8
2958 30 »b
2734
2734 28
37 "a 27
•64
64
66
64
61
•183 200 •183 200 •183
•119 120 •110 120 •110
33 S,
2?
Oct.
I
Exchange— Stock
OCCUPYlNti
siucKi>—iiien£ST
J
Stock Record— Concluded— Page t
STOCKS— HIGUKST AXD LOWKST SALi. PRICKS
Satttriian
J/oiitJai/
Oct. JS
OeU 24
Tuesdau
Oct. 37
60
•«>0
45
•U5
70
45 Hi
165
60
46
*Ho
413 la l-.'Si
•30
32
40 ^s 4m:
IT',
4l»4
IT's
17'4
74
•7a H: 74 S;
90
90
22-8
23
•103 105
100
18
IS
ISV
•16
17
17
*25
25
25
So^
85
85 V
"-J
•44
4«>V.
46 V 47V
143V 160
1334
13»4
32
32 Tg
42% 43%
ISio
75'^
IS
70
•i\0
4'i
4ii
154
14.">
45V
ir>4
1ST,
74% 76V
71^4
74*4
S4=>4
S43j
12
44"8
12
44 's
1S3»
IS'-B 19V
SOTg 31 >?
31V 32 V
14
•14'* 15
15
•40
42'"*
•44
45
72 V 73%
85
S5V
•lOV 13 V
24V
19V
17»4
20
87
17%
74V
74-'4
23 V 24 V
'105
20
110
21
•105
71%
7234
8434
85 V
12 V
lOV
45V
1st pref
&
&
144,648
1,59C
156
•lOV 12 V UnitRysInv'tof SanE'ran
858
46
Do pret
46
46V 46V 40
>«
12,350
19% Wabash.
19 V 19%
19V 19% 19
3234 34
49,750
32% 33%
Do pref
32% 34
15 1534 Wheeling & Lake Erie,
1,225
15 V 1534 *15
16
470
43
42 V 42 V *42
Do Istprof
42 V 42 V
46V
18% 19%
32 V 33 V
15-^4
43V
•23
*22
23
23
25
Do 2(1 prof
23
25
S23
1634
16
16
16V 16% Wisconsin Cent. r. tr. cfs.
16V
16V 16% 16V 17
3534 36V
3534 3534 *o4V 36
Do pref. vot. tr. ctfs
•34
3534 36V
35
36
35V
In«iiistrinl tfc .lliscell
jooi
223
•223
221
220 228
228
228 Adams Express
220 228
•220 228
3i '8 38 V
malsraniated Copper..
34^9 35H
35% 38% 37V 39V 37% 38V 3734 39
20 V 21%
18% 20 V 18% 19% 19 V 19% Ainenuan Car Foundry
21% 22
aOHi 20H
65
67
68
64 V 65 V
66
Do pref
67
67
65% 66
66
66
29
28 V 30 American Cotton Oil
•28
29
29 V •29 V 30
J27V 29V 29
30
80 90
•80
90
82
90
{89
90
90
Do pref
•80
'SO
90
•23
25
•15"-!
16Hi
•23
<fc
•24
30
30
195 •185 192 V
8
8
'6\ 9
•2
3
•2V 3
•9
10
10
10
5
5V oV
«5
21
21
•20
20 »a
9
9%
•9V
«9
•27
_.
30
•26
30
•24
•185
•24
190
24
35
190
8
S
•2V
•10
3
5%
27
8V
•2V
3
14
5V
•6V
13V 13%
13%
14
7334
•2
7434
3
75
•74
77
3
3
3
7
•10
15
«5
21
5
17
3,215
1,700
American Dist.Tele^aph
American Express
American Grass Twine
2V Amer Hide <& Leather....
73,
•9
De pref
5V American Ice
Do pref
21V
12
•5
21
ISVj
744
31*
7434
4
18
13V 13V
I
115% 11634
•117V118V •117V119
H4i4ll4>2 114V116
,117
'!l23
« -7>a
118
123
SHi
•65 "-J 70
60
60
,180 200
•6
'7^4
10
*65V 70
62
61V
•180 200
•534
7
30
-10
.173
101
25
30
80
n
175«2
101
5
*73>2 75
•22 14 24
148 148
•11
•61
•28
•30
70
30 V
80
To'
-- „
10%
*
175V 175 V
101 V 101
•23
74
23
26
74
23
14334
151V
lOV
62
30
34
60
•28
•30
70
9
•34 V 35
96V 96V
•12V 11
{7534
30
11^4
•6V
115
•72
•20
634
•47
•47
7534
118
65
12
62
30
32
70
•6V 9
34% 34%
•95 V 99
•12V 14V
7634
7634
119 V 121
75V 72
•20
8V
•66
63
180
•6V
47
SV
7
7
....
•47
31
30 V 33 V
-% 1
28V 29
100
27
105
•7V 7V
76V 76%
5V
6V
36% 35V
•9V 10 V
•35
38
13% 13%
68
58V
20
•86
•17
20
90
20
1
29
1
2934
'100
105
7V 7V
76V 77V
6V 5%
36
9V
•34
9V
38
13V 14V
58 V 59 V
20
20
88V 88V
19
19
6
30
70
32
•6V 9
35V 36V
80
SV
•66
70
*63
66"
195 *180
•6
•47
31
31
80
18
75
'
1,710
3,550
2,370
§2158
149
148
12
11
12
6I34
61
61
28
32
75
28
30
32
75
•31
*65
73
*97V
121
"70
21
2034
94V
29 V
70%
94
27 V
220
18
76
73
"34
25
•68
25
71
-34
1
7V 7>
77 V 73V
5V 534
36 4:
•9V 10
34
38
1334 14 V
59 V 60 V
9V
13% 14%
59
60
3534
'6
88V 88V
•200
220
8234
83
137V140
162V
••200
5
35V
-9
37
10
37
13% 1334
58% 59V
19V 19
1934
4.
•87
83
16
25
88 V
25
Steel
...
1,200
10,090
1,6U0
417
Iron
1,300
25
Standard Rope & Twine
Tenn. Coal, Iron <fc RR.
Texas Pacific Land Trust
8,145
<fc
Lowest
56
68
J'ly25
A«glS
Range lor Previous
YearCiyu?)
Highest
Lowest
Highest
90 V Feb 24
88 Feb 20
78 Feb24
170 J'lylu
30 Jan T
66- Jan 7
Jan
77 Dec
65 V Dec
S5VJ'ly
24 V Dec
55 V Mar
39
Aug
80
Sep
..
6SViMarl9
36% Jan 9
96 Feb 9
96 V Mar 3
43SsFebl(>
128% Jan
37% Jan
2
12
5534
Dec
Dec
8934 Dec
56
28
90
J'ly
SO'%J'ly
81V Sep
41%.\ug
98 V Apr
May 93 Nov
Dec 5434 Sep
Jan 134 Feb
32 V Nov 38 Sep
90
37
122
31% Jan 9 IS V Jan 33 V Oct
48 Jan 8 35 Jan 4934 Sep
122 V Jan 23 107 Jan 129 Aug
155 J 'lie 2 159 Jan 12 156V Aug 159 V Feb
6534 Aug 8 104% Jan 9
93 V Dec 113V Aug
83V Aug 10 95 V Feb 11 86% Mar 95 Aug
10 Oct 14 22% .Tan 13 20 Dec 24% Oct
35 J'ly27 64 V Jan (i 60 Dec 6(; Nov
16% Oct 12 3234 Feb 27 2134 Jan 38% Sep
27 V Sep 28 55V Feb 24 37 Dec 54 V Sep
12 J'ly24 27 V Feb 9
17 Jan 30 V Sep
41 Oct 1
62 May22 49 V Jan 66 Apr
20 Sep 26 38VFeblO 28 Jau 42% Sep
14V Oct 14 29 V Feb 9 19% Jan 31 Aug
34 Sep 28 55 V Feb C 39 V Jan 57% Aug
550
Febll §198 J'ly §240 Oct
Marl2 53 Nov 79 Feb
Jan 19 28 V Apr 37% Oct
Jan _ 85 V Jan 93% Oct
Feb 20 30VJau 5734 Apr
Feb 13 86 Feb 99 V Apr
25 Sep 21 41% Jan
32 V Jan 42% May
171 AuglO 235 Feb
210 Jau 265 Aug
6 J'ly29 29% Jan
27 Dec 62 V Aug
2VOct 30 ll%Jan
834 Dec 1334 Oct
10 Oct 8 37% Jan
34 Dec 43 V Sep
4 Oct 8 1134 Jan .
9VJ'iy 31% Jan
16 V Oct 8 42 V Jan 30 32 J'ly 67 Jan
5 J'ly25 1934 Jan
14 Dec 28 Apr
25 J'ly 25 48 V Jan „ 39 V Dec 53 Mat
10 V Oct 15 31%Febl7 23 V Dec 36% Apr
67 V Oct 15 9534 Feb 17 89 Jan lOOVApr
2 V Mario
Jan
7 V May
5VFeb26
Jan 29 Sep
14V Sep 28 24V Jan 10
3634 Oct 16 52% Feb 17
Nov 49%MBy
80% Oct 15^ 99 V Feb 16 87 V Nov lOOVJ'ue
90 Aug
126 Mar . 40VJJan 135 Oct
80 Sep 25 98% Jan 20 85 -ran 101 Oct
107% Oct 12 134% Jan
113 Nov 135% Mar
116 Aug
an 122 Aug
122 Febl
115 J....
169 Feb 18 I6O34 Jan 186 Apr
117V Oct
7VOct 1 14%Feb25 12 Dec 17% Jan
65 Oct 15 «0 Jan 31 73 Apr 80% Sep
58 Oct 23 125VFeb25 80 Dec 146 Feb
170 Sep 24 225 Jan 21 210 Jan 253 Aug
5 Oct 16 15%Jan29
7% Dec 14% Apr
40 Aug 10 55 Jan 6 41 J'ne 53 Sep
25 Oct 13 82 V Jan 6 7334 Aug UOVApr
90 AuglO 122 Jan 3 §130 Jan §140 Mai
10 Oct 12 22%
__
Feb 18 14% Jan 24% Oct
164 AuglU 222 Jan 7 205 Dec 23034 Apr
'
9434 .\ug
119
Jan 2 114 Dec 126V J'na
22 Oct 12 35 Mar23 26 '4 Dec 38% Mar
73 Oct 13 85% Jan 19 79% Dec 90 Mar
20 J'ly24 3434 Jan
27 Dec 33 Deo
136 Sep 28 204 Feb 10 olTOVOct 334 Apr
9 J'ly28 19% Jan 5 16 V Dec 23% Mat
60 Oct 1
74 V Feb 6 70 Dec 77 V Jan
28 Oct 30 73 Jan 19 49 Dec 199 Apr
33 Oct 1
46% May 8 40 Dec 57 V JIar
70 Oct 12 89 V Jan 12 82 Dec 95 Oct
6 V Sep 28 13 Mayl3
9 Oct 19 Apr
33 Oct 15 47% Feb 17 40 Nov 53 V Mai
94 Oct 16 106%Mayll IC 134 Dec 109 V Apr
'5 29V Feb 5 15 V Jan 32 Sep
1 1 V Oct 1
75 Oct 15
5 95
Feb 10 78% Jan 96 Oct
105 Oct 1 2 177 Jan 2 148 Mar 196 Apr
63 Sep 28 124V Jan 7 88 Jan 134 Sep
17 Aug 6 4234 Jan 7 37 Nov 49% Mai
3734 Sep 2.8 108% Feb 10 98 V Jan 109 V Sep
27 V Oct 30 6534 Jan 26 39 Jan 63 V Oct
67 Oct 15 Ho Feb 20 8234 Feb 96 V Oct
196 J'ly 15 23534 Jan 14 215 Jau 250 Apr
16 Sep 26 37 Feb 9 24 Apr 38 V Sep
72 Oct 13 90 Feb 25 80 Apr 90V Oct
7% Oct 23 22% Feb 18 15% Jan 2434 Sep
50 V Oct 30 80-% Feb 18 68 Jau 83% Sep
12 J'ly 25 30 Feb 16 17 V Feb 25% Apr
-
60
J'ly 25
22 V Oct 16
68 Oct 12
34 Sep 19
26 V Oct 15
700 22 AuglO
220
4 V J'ly 25
Union Bag & Paper
65 Oct 13
Do pref
6 Sep 3
U. S. Cast 1. Pipe & li'oim.
35 Oct 23
Do pref
200 95 Aug 8
United States Express...
6_ Sep 28
16,810
United States Leather
6,971 71V Oct 15
Do pref
5
Oct 29
2,608
U S Realty i&Constraction
1,633 35 V Sep 11
Do pref
7 J'ly 27
200
United States Rubber..
30 V J'ly 27
Do pref
12
64,400
States
Steel
United
V Oct 12
155,402 67 V Oct 13
Do pref
l,60u 17 V Sep 28
Virginia-Carolina Chem
520 80 Aug 4
Do pref
100 17 Sep 28
Virginia Iron Coal db Coke
23 J'ly 22
Vulcan Detinning
70 Sep 14
Do pref
220
Wells, Farffo & Co...
8234 83
est'n Union Tele'gph
§138V138V West' gh'se El <AM f g assen
•162 ...
Do Istpref
140
60
1,300
330
&
•200
220
82% 83
139
*165
5
35 V
•35
13% 14V
59% 60
88
•16
7%
76% 77V
9%
35
110
734
3534
1934
89
25
'200 220
200 220 •200 220
*482% 8256
82 V 83
82 V 82 V
132 135
135 140
130 131
165 .... '170
^162 ....
36
10
38
•35
19V 20V
'100
•
3534
pref
Republic Iron
50
835
19,112
10.155
1,649
pre!
Sloss-Shellield St.
Do pref
28 »4 29
*26
28
28
100 110
V 110
734
.7% 7%
8V
77% 78V
77 V 77 V
5
5V 5V
5V
'102
Do
HVdo
734
7\
105
new
eop. Gas-L.ife C. (Chic.)
76
7%
29%
2334
•24
Co.,
50V 52
Do pref
14 V 14V Rubber Goods Mfg
•68
70
Do pref.
70
25
*68V 71
%
1,010
3.018
Pressed Steel Car
6834
"206
loo
210
20% Pacific Mail
94
28
335
585
100
ili'i2
§218V21S'4 Pullman Company
17 20 l>ailway Steel Spring...
25
28
North American
110
330
499
2,620
New York Air Brake
122
76
6834
68V
2934
Corp.
International Paper
1 Do pref
International Power
Internat'l Steam Piunp..
12% 12% National Lead
Do pref
76V 76V
7% 7%
52% 53
14V 14V
'8
&
Do pref
9
Manhattan Beach
35 V National Biscuit
98%
Do pref
6V
35
9
357.
70
/
1034 Col.
150
21
94
28
'215
18
80
23V 23V DistUler.s Securit'3
V 148 V General Electric
2
• =
'35
'97
71
29
•26
2',5b6
Iron...
68
26
7
pref
Hock. Coal & Iron.
177 177
175 175% Consolidated Gas (N. Y.).
102% 10234 102% 102% Continental Tobacco, prel
23 V 25 V •24 25 Corn Products
75% 75% 7434 76
Do pref
52% 55
14% 14%
68
*25
•68
63
100
Fuelcfe
CColorado
Do pref
75
734-
Do
Anaconda Copper
Brooklyn Union Gas
31
934
lOV lOV
3534
V 20
--
Amer. Teleph. <& Teleg...
American Woolen
10
70
66
195
7
'Too
6V
215 225
100
114% 114% American Sugar Refining 15.800
100
119
Do pref
10
•31
•65
21V
94% 95%
29 V 3134
70V 71
''^
'8
89
•16
9
50
13,550
1,445
2,700
•21
29 V 303,
27V 27 V
105
*6V
3534
121V 123
6V
32
75
930
615
•113
97 100
100
'12 V 14
12V 14
77 78V 76 77
121V123V 121 122
73 76 §75% 75%
•9634 100
13 V 13 V
•77
31V
•70
70
3,900
runsw. Docktfe C.Imp't
Butterick Co
•47
31
32%
11
•61% 62V 61V 61V 60 V
28
•28
28
30
30
36
3
•66
65
'180
10 V
10
10
10
176 17734 176 176
V
10234
103
102%
101
24 26
25
25
75
75
?76V 76%
*23
§23
23
24
151 153V §151 152
12
12
11
12
75V 73
26V 27V
•8
10
75
6B
195
8
•66
63
180
78
65
185
76
22
21
21V 22
94
95 V
93V 93V 93 V 95
32
32 V
•30V 32
•30V 32
•70
•70
72
72
72
72 V
215 220 '215 225
.213 220
•*17
19
18V 18V
18V 19
"
»73
73 V 73 V
76
76
76
734
7%
8
8
8
•7V
63
54
52 V 52 V
54 V 55 V
14
14 V 14 V
14 V 14 V
14V
69
70
70
}67% 677j 69
•25
27
26
26 V
25V 25V
«71
71
•67V 72
•24
114%115
115V116
118V118V 117 V 119
§125 V 125 V 125 125
310
200
100
429
200
100
13V 13
13V American Locomotive..
78
76V 76 H •75
Do pref
3V 3V •3V 3V American Malting
•15
•15
X
20
Li "J
-15
17
17
Do pref
•15V 20
J17V
-a
V *15V 19
42^4 43%
43
44% 43% 43% 42% 43% 42% 43% Amer. Smelfg* Refln'g.
41»8 42 V
BS
87% 88 V 86
87% 87%
Do pref
»87V H7>2 «87% 87% 87 V S6
90 110 American Snulf,
•90 110
*90 110
*90 HO
•yo 110
•90 110
80 90
•79% 85
79% 90
80
•81
81
81
90
90
Do pref
13Vj
«74's
43>8
"ibo
1,470
-9V lOV American Linseed
•25
30
Do prof
30
Year 1903
30 §204 Jan 30 i35
209.976 33% Oct 16 75%
18,310 1734 Oct 15 4134
2,540 61V Oct 14 93
450 25 V Aug
46V
20 82 J'ly27 98
30
193
2V
3
•25
13
30
25
24
188
734
21%
•9V 10 V
*9V lOV
10
27
30
193
•6V
*2V
20 V 20 V
2134
9V
•187
•7
•10
15
«5V
21
24
30
193
'187
lor
basis o> lOU-share lots
2isbVi
42 V Sep 29
100 148 V Sep 2S
420 12 Aug ti
l,S0(i
24 .\uglu
73,1511 38% Sep 28
15,730 16 V Oct 12
8,603 69 V Oct 12
500 85 J'uelO
18,280 20 V AnglO
31( 100 Oct 14
1,200 V7V Oct 10
1,201
15 Sep 21
1,070 24 Sep 20
1,795 79 Oct 14
hiril Arenuo (N. Y.)...
Tolerto Kailways
Llaht
17 V Tol. St. L.
W. V. tr. ctfs
2434
Do pref. vot. tr. otfa.
8534 T-wm City Rapid Transit.
103
22
Do pret
71% 71% Union Pacific
Do pref
85% 86
159
JS5V 85 V
'lOV 12
100
IS', 3outliernv.tr. ofs. siiupeil
7434
Do pref.
do
90
51. <fc O. stock tr. ctfs
cfc
Pacific
23U I^exas
23 V
17V 17V 15V
*24V 27 V §2434
x85V
^7V 88
7234
72
45
15
43
•22
82 V
90
110
Do
46V
160
V
23 V 24V
23V
'105
105 108
19
18V •18 V 20
17% 17V 17% 1734
27
27 V 27 V }26
85»4
86V 87V 87
L.feSFr.JPM&Coctts
Ho 2(t pret.
'45V 47
145 160
C.&E.l.coni stock tr ctfs
*12V 15 St, Louis Southwesteru
•»30
32
Do prt^f
4134 42 V Southeru Pacific Co
70
Kange
On
Week
Shares
'60
18%
74
St.
1
the
7ii
1779
32 V
43
Sales
STOCK
EXCHANGE
30
Oct.
13V 13V
32 V
42 V 42%
ISV 18-V
14V
14
33
42 V
23
105
103b
4l>
60
423t.
86
J-'riday
Oct. ?!>
-JS
>6
60
70
60
71V 72%
70!^ 7lKi
•84
Oct
TO
160
12>a 13
32
32
Thursdai/
iyeiinesdau
STOCKS
NEW YOKK
[Vol. lxxtii.
84VFebl7
72 Feb 25
97 V Feb 18
6
V Febll
68%Mar21
4034
15
7934
Jau 7
Jan 19
Jau 8
15
55
150 V
15 '4
Feb20
Feb25
9634
Feb 4
Febll
Mayl2
28 V Jan 2
73
Jau 2
19% Feb 10
58 Feb 10
39% Feb 5
8934
Jan
7
63 J'ly
29 V Jau
74% Mar
83
Sep
80V MaJ
95 V Sep
64 V Nov
14 Jan
49 V Dec
75 V Oct
8% Apr
74% Apr
44 V Feb
11 V Nov 18 V Apr
72 Jan 85 Apr
10 V May 17 Oct
42 May 59 Sep
97 Jan 160 Aug
10 V Dec 15V Sep
79% Jan 91V Sep
20 Nuv 32 Oct
4 Jau
49VJ>ec
35 Jan
2934
79
66% Feb 19 54
l28VFebl8 120
39% Feb 2 5
19% Oct
Mar
64
Dec 4634 Jan
Dec 9734 Jan
Dec 76% Apr
Dec 134% Sep
Jan 9 29 V Nov 33 V Nov
31 Jau 19 78 V Oct 81V Deo
§191_ J'ly 14 249 V Feb 6 §185 Jan §255 Aug
2,180 80 V Sep 28 93 Jan 14 8434 J'ly 97 V Aug
4,385 130 Oct 13 221 Jan 7 169 V Jan 233 Sep^
160 Sep 19 224 Jan 7 180 Jau 234 Apr
3334
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Banks
Vanck
Bid
175
Wa«li.H'ht8l 200
West SirteTi.. t576
YorkvUle', .. 375
1]
BBOOKI.YN
Atlantic!!... 105
125
.. 300
Brooklyn^ .. 135
Coii'yI&BB' 140
i'lrsi
390
Broad wayl
1
Mid
Banks
Ask
Trust Cos.
Bid
CITY
Bankers' Tr. 270
Bowl'gGreen t200V
Broa<lwayTr. 147V
C'lK'tyB<fclt 400
Central Tr'st 1900
City Trust...
Ask
Bid
Ask
H. y.
BKOOKLTN
Manufactrs'. 325
Mechanicsli 210
Merchants'.. 115
220
Nassau
360
Nat City
305
North Sldel,. 215
sVs'
People's^
215
17th Wardli. 140
Colonial
Sprague
210V
Sluyv'tHtsI 175
UnionTi
160
1-20
WallabontT
(y'ontuieniai
290
Exchange Tr
Farm Lo&Trt 1426 1450
i52'v Fifth Ave Tr 525
2200
305
.Voo" 325
Guaranty Tr 675
Grardian Tr 155
Knick 'rb'k'r 870
Lincoln Tr... 365
McVck'rRty 225
Manhattan .. 600
690
165
8it0
375
230
Trust Co's Bid Ask
MortonTrust 870 885
Mut.Alliance 225 250
N Y Life&Tr 1000
N Y Sec <& Tr 1150
North Amer. 250 255
Real Est Tr't 390 410
StandanlTr't 310 340
Tr Co of Am. 215 225
Union Trust 1350 1450
USMtg&Tr 400
Unit States 1475 1510
VauN'denTr 200 215
Washington. 400
Trust Co's Bid Aski
200 220 1
Windsor
BEOOKLTN
Brooklyn Tr 375
FlaVbush ... 190
Franklin ...
Hamilton... 300
Kings Co ... 400
200
365
290
L Isl L&Tr
50
70
250
Nassau
650
375'
People's
350
Ea.'itern Tr.. 130
Mercantile .. 1000 1050
140
Williamsb'g 250 270
Empire Statf 150 160
Merchants'.. 220 240
400
Kf|uitabIeTr 075
Metropolitan .> Of
700
Hidand asKiiil prices; no sales on ttiis day. § Less iiiau 1 » snirm. j Ex rigiits. d.I. P. .\Iorgan & Co. cerlilicates.
Sale at Stock Exchange or at aaction this week, o Ex stock di viaenX s Trust Co. oertiticatbs. 'J Banks marsed witli a paragraph (U) are State banks
BurougM
•
Ask
Commonw'th
.
.
»
-i
S
New York
Exchange— Bond
Stock
OOCUl'YlMi
BONOS
STOCK EXCHANOK 51
Wkek Kndino Octobkk so
N. T.
WeelCs
October 30
coiisol re;; isle roil
(U'.tau
oousul coupon
cousol rei: small.. dl'.KiU
coil 80l coup SlUiUl. (U'.tSO
Vl!ll>
reiristoreil ...
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Va
coupou
u
u
u
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u
V
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u
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cuu aiiiall bouiU. A-l'JlS
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s
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coupou
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s
coupon
Q-F
..1904 y-F
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I'hese are prici'
V & ol Mexico a 1 K OS ol IdU'J
.\I-S
s on
cJiiss.-V
ii
C
i-i
1 1
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90
U2
109
1
09 '4 112
I34I4 13612
I35I4 1371-:!
.
iom.ion-..
10138
to
103\
ne do
961a
Ltar.
98"'8
0/ $3 to a.
Apr '03
98
....
are pr
n the
ices
b asii
04^8 Sep '02
109 '4 Oct '00
IO210 JIar 0lU Mar'02
121
Mar '03
106 Apr 03
loo's cu '99
lOOl!
I'Juu
Curreucy tuuiliuj; 48
I'J'JO J J
Dial ol Columbia 3'06a
11*24 F-A
Louisiaurt new coiisol 4s..li)14 J-J
'4
110
95 lu Feb "02
...,
94
'-J
iiiii'u ioii's
112
Oct 'O;!
135
Oct "03
Aug'03
Sep'O
the basis ol >our inarkx
J-J
J-J
lUOi J-J
4 to o
OS
4s
nil-.,
2 S, 1103<
134 Si VAb-t 135 '<
loS'a 136^ 135»4
lOl",...,
101 Hi
101
102^1...,
I
J Uese
Slate Securities
AlabaniH
.'.'.'.'..
1.J
10S-'4
IOOS4 109
106
107 J'ne'OC
loa^a 109
lll»aU2Sj
U
109
110
Sale
io'ii'^
s
S
s
remstereil
IOSSjIOH^ 109»4
109
106
106
Sale
1
120
Snuill
121
106
121
106
I'
Missouri lunili UK
lS'J41'jy5 J-J
>ionli Carolina consul 4s.iyiii J-J
68
ii»i;»
104 Nov'02
136ViJ'ly'01
IJO iMar'OO
AO
lyay J-J
So curoUuii 4 hjs 20-40
Teuu new settlement 38. .1913 J-J
Small
94'-jOct '03
94",.
93
J-J
J-J
68 ilelerred
Brown Bros
S,
Oct
'03
1.1
ySi-iOct '02
Vlr.mnia fund debt 2-38. ..1991 J-J
KeKisteretl....''.
94
97
93 Wj 94
......
6^ Got '03
ctls.
61*
12
Ilnilronil
Alabama Cent
i>ee
So Ky
W
laba Miul ^ee suv i'la Oc
Albiiuy (fe Susq Hee Del d: Had
AUeslieuy Valley Ace l*euu KK
AUes <fc West Hee Butt K <fc P
AmUockdslm HeeCtmlDtNi
Ann Arbor 1st g 4s
/il995 Q-J
Atcli X Jc b Fe gen
4s. ..1995 A-O
>;
1995 A-O
Kegislered
Adjustiueut g 4s
Kegistered
Stamped
/1.1995
/iiy95
/il995
;
Nov
Xov
M-N
Clue <fc SI L«ui3 1st 63. .1915 iVl-S
All Knox Jc Nor Ist g5s..l940 J D
Atlautic COiist 1st g4S.A.lyo2
Allan lie di UauT Hee Soatli Ky
Allautic ito Vadk dee South Ky
Austin <fc X
<b'ee Sou Bacilic
Creek & 3 Hee Mich Cent
Bal
alt <\c Ohio priorlgSJ^s. 1925 J-J
Kegistereil
/il925 Q-J
Gold 48
/a94& A-U
Kegistered
/il94S y-j
Couv deb 4s
1911
P J un & Div 1st g 3'2Sl925 M-N
Kegistered
pl925 y-F
P L, K cfc
Va Sys ref 4sl941 M-N
SouUiw Div Isi g3'3S...1925 J-J
Kegistered
/tl925 Q-J
Mouou Kiv Isi gu g 5s. .1919 FA
Cen Ohio K Ist cg4i2S..1930 .VI-S
MS
92
loo
Sale"
*9»^8
91=4 sale
,
92 la
9234 11
IOOI4 391
100
U9 Oct '03
91
92
75
SS^2.
BO'S
109
91 "4 Sale
88 "a
971210273
97 102%
t;Gi2
J'ly'03
89
96I4
91
75
84
38
114H2 0ct '02
90^4
91 14 129
92^4
75
9234
89 12 95
loo's Sale
98
89
W
i>ee
N
VC
&
9534
941-.,
MS
Beecli Creek
97
9612 Sale
89 Sale
109
loo^a
102
9934
Oct 'O;
Oct '03
Aug'03
97
90
97
88
9512
83
91>a 97
94I2
94
99I4IO312
98 14 10258
97 106
91
88
Jan '03
96 H2
383
48
97
94
86 Iq 9034
1-,
89
90^4 138
90^4 J'ly'02
114'4J'ne'02
I1014 109^4 10934
12 10934 10934
H"
& Car aee Illinois Cent
Bklyn & Moutauk aee Xjong 1
Bruiis & West Hee Sav Fi & W
Buttalo N Y
Erie See line
Belier
<fc
K (ft P geu g 5s.. .1937
Wesl 1st g 4s gu..l99»
Mall Ist gu gos
1943
Koch <fc Pitts Ist g 6s. ..1921
CoDSOl 1st g 6s
1922
Ballalo <k Southwest See Erie
Butt & Susq 1st ret g 48.dl951
Kegistered
rfl951
Bur Cedar K & Xo Ist 5s. 1906
Isl
Cou
& col irustgos.. 1934
Kegistered
1934
Wist gu 53.1921
<fe St Li Ist gu g 7s
1927
190b
Clauada South 1st 5s
''2d 5s
1913
Kegistered
1913
BuUalo
Ail
<fc
Clifc
CKIF&N
M
.VI-
A-O
J
113
110
II312
113>2
112
II8I2
Apr'97
J-D
103
124i4J'ne'03
12539 Jan '03
J-J
100
103
F-A
.
.
12414 128
125 12538
J'ne'02
J-J
J-D I03I4 104
A-O 11638
A-O
A-O
1
06^8
.
J-D
J-J
Art-S
104
106
103
cen Branch U Plstg4s...l94& J-D
Cen Branch Ry See Mo Pac
86
& Shawu See 111 Cent
CaroLuia Cent See Seab & Roan
Carthage & Ad see K Y C <fc H
115
1201s.
1211a.
J
MS
10314
121
103 14
10034 105
Apr '03
120 122
120i2l20i2
120i2Mar'03
118 Jan '02
10334
104
lOoi-iOct'Oo
107 Aug'03
105 12
104i2l08'8
IO4I2IO7
15 102
Carb
CedKiaF&JSf SeeBOR&N
Central Ohio
Con
KK
Cent
of
<fc
Ga
See Balti
RR
Ist
92
J'ne'03
g 58..pl945 F-A
107
118
IO4I2 10334
1041a J'ly'03
122 12 Jan '03
I2212I2212
2^1945 F-.4
1945 M-N
1945 M-N
Ist pref income g 5s
pl945 Oct
2d pret income g Ss
pl945 Oct
3d pref income g 53
pl945 Oct
(;hatt Div pur mou g 4s. 1951 J-D
Mac<& Nor Div 1st g 5s. 1946 J-J
Mid Ga <fc All Div 5s
1947 J-J
Mobile Div 1st g 53
1946 J-J
Cent ol X J gen'lgold 58.1987 J-J
Registered
/il987 Q-J
Am Dockifc Imp fru 5s.. 1921 J-J
106 Hi Sale
1061-2
107
lOSiaSep'Ol
65
66
27
Sale
27
17
18 w^
181a
92 Avig'02
108i4Sep'O2
102
102 J'ue'99
103 J'ly'03
103
I30I2I3II4 130'8 131
129 Sale 129
129
Il09 Ang'OS
108
64
102
isi
65
23
18
66
27
Del Cit SlRy Istcong5s.l905
Gr Rapids Ry 1st g53...al916
Louis Ry Co Ist con g 5s. .1930
Market St C Ry Isl g 6s. .1913
col tr
g 58.1997
No prio© F riday
;
80
3978
27
olOll
1939
1939
Kegistered
1992
General gohUias
1992
Registered
1940
Craig Valley Ist g 6s
R<fc A Div l8tconB48.-198'J
1989
2d consol g48
Warm Spr Val Ist g 6s.. 1941
Greenbrier Ry l8tgug4s '40
Chic <fe Alt RK ref g 33. ..1949
194'.i
Registered
Railway 1st lien 3138... 1950
l95o
Registered
GhiC B & y— Ch & laD 5s 190.".
192'.
Denver Div 48
1949
lUinois Div 31-28
1949
Registered
Iowa l)iv sink fund 6s. .1919
1919
Sinking fund 4s
Nebraska Extension 4».lil27
1927
Registered
1921
Southwestern Div 48
Joint bonds See Great North
1913
Debenture 68
Han <fe St J08 consol 6s.. 1911
CI11C& E 111 Ists i cur 6s. 1907
1934
Istcousolg 68
1937
General consol 1st 5s
1937
Registered
Chic & Ind C Ry 1st 5s. 1936
Chicago & Erie See Erie
Chic IniSi Louisv ref 6s. ..1947
1947
Refunding gold58
Louisv N A <t Ch Isl 6s. 1910
t;hio Mil & St Paul cou 7s 1905
1914
Terminal gold 5s
General g 48 series A..el989
61989
Kegistered
General g 312S series B.el98y
el989
Registered
1921
ChiCife IjSuDivgos
Chic & MoRlV Div 5s.. .1926
1910
Chic<fe Pac Div 6s
PWl8tg63
ChiCife
Dak & Ot So g 58
Far<& Souassu g 63
&D
DDivlst7s
12534 I33I2
IO8I4II312
Exten
Ist 7s
Ist 58
DaCrosse& D
Mineral PolntDivSs
So Minn Div l8t6s
Southwest Div Ist 68
Wl8<fc Minn Div g 53
Ask
Jiia
AO
109
1
107
93
103
MS
M-N
A-O
AO
J-J
J-J
FA
FA
J-J
J-J
A-O
A-O
M-N
M-N
M-S
M-N
M-S
J-D
A-O
.\I-N
M-N
J-J
...
98»4 ...
Miyli
•:
"
Aug'03
82
7312
8334
10434
101
95 14 Sale
IOOI2IO4
lOl
100
94
108%.
109
101
1003^
10612.
.
'4
le
7934
83 Hi
75
70
(O34
791a
Apr '0'.
Apr'Od
'O.i
96
1.
U5
Aug'03
Aug'03
lOf!
10') 5^
128
_
114
Oct '03
128
109»t,
111
120«8
I24I4 13034
J'ly'03
108
Sep '03
Oct '03
Muy'03
107=8
111%
165
111
103
178
111
112
110 '4 11934 II0I4
IIOI4
IU434
Dec '02
Jan '02
J-J
J-J
J-J
11458
117
118
HI
11314
lodia
112
11138
II5I4
1913 J-D
1915
113
117«8l20
132 133
Is
Sale
Is
12918
118
10638
II6I2II6I2
Oct '03
Sep '03
UO'e 116'
109 Aug'03
137i2Jly'99
116 Aug'03
10738 Aug'02
11334 118»8
'2
183
FA
Feb '03
M
,
116
11934
183
185
llOi-j II31U
10978 11315
112 117
113 113
116
13112 Oct '03
103
112
11334
II712
lllia
11234 115
IOOI4
114 '8 Oct '03
113
113
116 J'ly'03
104i2May'u3
10638 Oct '02
9934
100
109
111
11 112
11338 11338
105i4J'ly'O3
11234 Oct '0;^
1 09 ^g Aug'03
Istconsol 68
Chic & Northw cons 7s
Extension 4s
1886-1926 1?-A
Registered
1886-1926
1987 M-N *'y'934si'c"
General gold 312S
Kegistered
»1987 Q-F
Sinking fund 68.. .1879-1929 A-O 114
Registered
1879-1929 A-O
Sinking fund 5s.. .1879-1929 A-O l"o"7i4 \6ih
Registered
1879-1929 A-O 105 12
1909 M-N 107 109
Debenture 58
Registered
1909 M-N
Debenture 5s
1921 A-O 108=8
Registered
1921 A-O
1933 M-N 11434
Sinking tunddeb6s
Registered
1933 M-N
DesMo&Minn Ist 7s. .1907 F-A 10714
Milw <fe Madison Ist 6s. .1905 M-S 10234
1910 M-S 105
North Illinois 1st 5s
Ott C F <fe St Paul 1st 5s 1909 M-S 104 12
Winona <fc St Pet 2d 7s. .1907 M-N 114 115
MU L. S & West 1st g 6s 1921 M-N ISO's
Ext<fe Imp 8 fund g 58 1029 FA II718
Ashland Div Ist g 6s. .1925 M-S 131
Mich Div 1st g 6s
1924 J-J I31I2
Convertible deb 5s
1907 F-A 102
Incomes
1911 M-N
124=8
Rock
Isl
Pac
Chic
&
68. ..1017 J-J
Registered
1917 J-J 123'>6
General gold 4s
1988 J-J 10312 104
Registered
1988 J-J
CoU trust Series B 4s. ..1904 M-N
H4S
1910 M-N
M4s
1915 M-N
N4s
1916 M-N
P48
1918 M N
75iiiSale
Chic R 1 <fe Pac BR 4s. .2002 M-N
Registered
2002 M N
M-S
74 Sale
CoU trust gold 53
1913
Des
& Ft D 1st 48 1905 J-J 94I4
90^4
lst2i2S
1905 J-J
Extension 4s
94 I4
1905 J-J
*10034
A-O
Keok& DesM 1st 5s
1923
113 Is
Apr '03
Hi
117
1
1
1 1
12
U6
108
09
167
111
J-J
111
10438
113
105
127
lOS
1
168
lOOig
10 113
125i2Oct'03
10938
100
11779
11038
13612
12188
121'3BOct '03
II6I2II7I2 11612 116'
120 Dec'O
11218.
HI Sep '03
9812 10119
8912 97
109 1^109 la
104i«
101
102i2l08i«
J'ly'03
108
Ill
Sale
Salt
10714
J-J
1921 J-J
9M
43
1063^
lO'.'iyAug'Ol
1916
1924
1910
1910
1908
1919
1910
1910
1909
1921
92
82''8
l'_)6-'4
100
126
lOiiia
1
iiH'nOct
>..
108
114
Jligli
106 \ Oct '02
Safe"
101)
111
^o Low
Oct '03
9:
...
...
82% Sale
74
Since
J'ly'03
111 S; 112
110 1-j Aug'08
110 ..114
116 '4
117 147 II412 11934
112 '8 1127fr
"i lU'sllSia
101 V
10 13^ 153 IOOI2 10634
103 Apr'Ol
112 Mav'03
i"i'i"" ivi"
y« '2 Oct '03
9/14 104
MS
J-J
00
Kange
January t
.sail'
IIOI.J
ig
1
J-J
J-J
Loiv
lOlOg 10012
M-N 1 634 Sail
M-N '113
M-S 101 12 Sale
MU&NolstM D 68.. ..1910
119
'
I3OI4 134
101
22
Nov '98
May'03
;
104 "a
9512IOI
112
112
110isMay'03
107 Oct '03
llOigllO^
10634 Mar'03
10834
109
10634 I0719
106
loyia
10379109
104 104
IO5I2II2
104 Sep '03
10si4Sep'03
114 Oct '01
1 14 12 Aug'03
123 May'Ol
1141211812
Nov'02
Oct '02
May'03
114 Oct '03
128i2Sep'03
106
108
105''8
1055» 10588'
lllSg 11538
116'4 0ct '03
142 12 Feb '02
128^8 Aug'03
II4I2I25
]27i(,132B8'
1
128S8 13318
107i8Beb'01
109 Sep '03
109 109
124i2Oct'03
1211412715
122 Oct '03
12012 127
10378 104
152 99 108
107 Jan '03
107 107
98 Aug'03
98
98
9y78J'ue'02
99i2J'ly'02
9y38j'ne'02
87 Aug'03
73 '4
7634 328
8212
68«8
8814 Jan '03
88 14 88^,
773.1
74
95 14 Oct '03
90 Oct '03
9434
Jan
95"i
69I2
95
89
8934
95 14 9838
93
90
'03
9434
9434
105i2l08'a
105 12 J'ly'03
Chic&StL 6eeAtcliT&SaFe
Chic St L & N O See lU Cent
Chic St
Chic St
103
I26I4I34
last
L<
<fe
Pitts
see
Penn Co
P M & O con 6s. ..1930 J-D
ChStP& Minn IstgOs 1918 M-N
Nor Wisconsin 1st 6s. ..1930 J-J
St P & S City 1st g 6s. ..1919 A-O
Chicago Ter Trans g 48... 1947 J-J
BUK US—Continued
13212136
130
12953
I2012
74
'^ale
133
Oct
1281q136<%
I3II4I37
126 126
121 126<%
'OS
I3II4 May'03
126
121
74
Sep
121
74
'03
7II2
86
on Next r.a«e.
Street Railway
A-O
J-J
J-J
M-N
FA
FA
IOOI4
1(18
100 101
97 Hi Sale
84
J-J
9934
100
110 Jan '99
108 Oct '03
lOOWzSep'OS
9634
98
20'
9934 107>2
J-J
8812.
106
98
94
83
A-O
90
J'ne'OO
J-J
J-J
J-J
J-D
J-J
J-J
FA
latest price this
Ill
114
weeK.
Sale
103
Nov'Ol
109
Mar'98
IIOI2
114
IIOI2
114
St
110
<fe
Third Ave RR con gu48 2000
Third Ave Ry Ist g 53. .1937
89 12 Met
S El (Chio) 1st g 4s. 1938
85I2 85I2 Mil El Ry <fe L 30-yr g 5s. 1926
Minn St Ry let con g 5s. .1919
9012 St JoRyLtH&P Istg5s.l937
90
St Paul City Cab con g 58.1937
Union El (Chic) l.st g 53. .1945
United RRs San Frsf 48.1927
United Rys St L 1st g 48.1934
CliicSt40-yr cons g 5s. 1936
26
84 12 Oct '03
85 12 J an '03
90
95
Ry—rCoJi;Ref g 482002 A-O
5s. 1993 M-S
Lex Av P F 1st gu g 68 1993 M-S
Met
Col<fe9thAvlstgu g
J-D
Bway<fe7thAvlstcg5sl943 J-D
*
109
103
lUISCEL.LA>EOU!5
Street Itailtvay
Brooklyn RapT'r g5s
1945
Atl Av Bklyn Impg 58. .1934
BkClty lstcouos.l'J16, 1941
BkgCo<fe Scongug 53.1941
Bklyn Un El Ist g 4-5s.l95o
Kings Co El 1st g 4s
1949
Nassau Elec gu g 4s
1951
City & S Ry Bait Ist g 58.1922
Conn Ry<fc Llst<fc reIg4i2S'51
Den Con Tr Co 1st g 5s... 1933
Den Tram Co con g6s..l91u
Met Ry Co let gu g 6s. .1911
Met St Ry gen
94 14
& Ohio
B ot (ia col g 68 1937 M-N 106
Registered
Consol gold 53
Kegistered
92
Week's
Jiani/e or
.\l
U0lit6s
l8t consol g 58
c^
/Vice
Friday
October 30
he <fc Hud K gen gug53 1920 J-J
N ltd)
Leh dt Wilks B Coal ys..iyi2
(/1910 QM 101
Con oxl Kuar 4 K-s
N V it Long lJrgeng4s 1941 M-S
Cent Pacitlc Sec So I'acilic Co
1936 J-J
Charles* Sav Ist g 78
CheS(\b Ohio g 68 ser A../tl90^ A-O I06
Haslife
1st 5s
W
M
STOCK EXCHANOK
Wekk Endino Octobeu 30
Central ot N J— (Continued)
I
96
Weekly and Yearly
rA<;KS
N. Y.
Jantiarii 1
lOiinwOct 'OS
:llt8
107
U>7
IIU
fcl'.tl.s
s
Claas
Class
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High Ac
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Hiu.
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Sale
l.aat
5-3
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.
U S
U b
Kanae or
/"riilau
Record, Friday,
I'OIIK
IO2I2
IO4I4
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W
IIOI4I20
110 I1712
oDaeJan dDaeApt
J-J
J-J
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92
89
112
116 116
111
95 12 Sale
95
118 Sale 118
1051s.
N
J-J
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Oct
'03
J'ly'03
95 12
118
9612 Oct '03
106 Oct '99
110 J'ne'02
77
Sale
109 12 Dec '99
77 14
77
8438J'ne'03
99 Dec '97
961a
121
121>4
983t
122
9414 1021a
109i4Apr'03
J-J
A-O
A-O
89
112
116
91
116
Aiig'03
109 14 113
72
76
80>«
84
85%
Uas and Electric Liight
G L Co 1st g 53.. .1947 J-D
Atlanta
115
116
^ 112>4ll7
Bklyn U Gas 1st con g 5s. 1945 .Vl-N 114 117
One May y Due one /iDueJ'ly /cDaeAoc p Dae Not gDue Dec cOfiUon sal« ^
I
Bond Record— Continued— Page
15-20
BOND!«
STOCK EXOHANGE
Wkkk Ending octobkb 30
N. Y.
& West Ind «en g 6s ^1932
A ^Vest Mich Ky 5s..l5f.'l
Cliio
Chie
Ok
Uhot:
H
Cin
U
.fc
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Cln
I)
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1
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Cla S & C Sm C C C St L
Clearneld & Mah See B R & P
'leveiauil Cm Chic & St Louis
C
St
I
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n
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Kange or
AC
MM
102
Ask Low
....
....
ifl....
113
97
Ist col tr g'4s..l990
Reiistt>r«Hl
1990
S»r <ft Col Div l8t s 4s. .1940
\V Val l>iv l8l g48...1940
M-N 101 "a
M N
C
NIN
W
C
conaoi C8..19J0
lstgoU14s
fcl93i;
I
Ctn
St
L,
ife
CCCA
IcousolTs
1914
Consol sink tunUTs
1914
General consol gold t)s. 1934
Kegislered
1934
Ind Bl &
1st pref 4s. 1940
O Ind &
Ist pi 5s...in9;i^
PeoA East Ist con 48... 1940
Income 4s
1990
01 Lor <ft \Vh con Ist k 5s. 1933
ClevA Marietta Scf Peuu UK
Cler A Malion Val g 5s.. .1938
Recwteretl
1938
Clev tfc Puts Hee Peun Co
1947
Col MicUaud let s 4s
Colorado it Sou 1st g 4s... 1929
W
W
Hange
Since
=
5^
Janxiary
*5
High Mo
Loic
BONDS
107
llli^Sep'OS
IIII4II6
109 "2 11638
lOlHiOct '02
\:>^>>^ Sep "03
99 >s Oct "03
103 Oct'02
Dec'i
94'a-'Vng'03
95
103
95
99
103'2
100
102
J.J
94I2
96
9734'
i04'
102
QF
9734
QK
J-D
JD
J.J
J-J
Sep
'03
112 Is
123 125
111=8 Sep '03
120 J'ly'03
lll"8ll4'4
120 129
128
128'4Ocf0S
127'al333t,
131
QJ
A
Rivs Ist
tf
4s. 1943
Del Lack
A
Moms A
Western
78. ..1907
Apr
AC
98
96
95
611*
62
61
109
log's
Oct
'03
62
Oct
l^
'03
93
55
109
100
82
110'4
110
J-J
128
J'ne'02
Q-J
J-J
F-A
*
63>2
64^2
h6h Sale
1923
1923
8jT Bing
Y lst78..190G
Warren Ist ret gug3'ii8. 2000
Del A Hud l8t Pa Div 78.1917
1917
Registered
AlbASns 1st conga 78.1906
1901)
Registered
Soar gold 63
1906
1906
Registered
Bens A Saratoga 1st 7s. 1921
Registered
1921
Del Riv RR Bridge Hee Pa RR
Denv A R Grist con g 4s. 1936
Consol gold 4»u8
1936
Term A improve 4s
AN
64
86
80 7g
62
82
64'-!
8634
9412
A-0
M-S
Ill's
13II4
133 Sale
114
133
12938.
J'ly'03
113
133
Aug'03
Oct '98
129'4 13312
12714 Sep '03
10939 Sep '03
10134.Kep'03
12634 131 12
10334 115
10134 103
108'2Oct'03
102 Feb '03
136 »2 J'ly'03
149 Aug'Ol
107 Oct '03
122 J'ne'99
lOgiallSSg
102 102
136 13718
IO5I4 J'ne'03
io5 1^10514
1303^
140
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113
.
M-N
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117
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Det M A Tol See L S A M So
Det A Mack lat Uen g 4a. 1995 J-D
Elm
Cort
A No
See
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2d eit gold 53
Leh
ANY
1947
1919
ext gold 4'us
1923
4th eit gold 58
1920
ext
gold
6th
4s
1928
Ist consol gold 7s
1920
^8t consol g (und 78
1920
Krle Ist con g 4a prior.. 1996
Begistered
1996
let consol gen lieu g 4s.. 1996
Registered
1996
Penn c<j11 tr g 4s
1951
BuflN YA Erie l8t7s.. 1916
Bna A S
gold 6a
1908
Small
1908
Chic A Erie Istgold 5s. .1982
Jeft RR l8l gn g 58
al909
Long Dock consol g 68. .1935
Coal A RR 1st cur gu 68.1922
I>ock A Imp Ist cur 6s. .1913
K Y A Green L gu g 58.1946
MidRRotN J Istg6s.l910
N Y Sus A Ist ref 5s.l937
2d gold 4'-i8
1937
General gold 5a
1940
Terminal Ist gold 58...1943
Regis «5,()00 each... 1943
M
W
W
IOOI2 J'ly'03
&2
J-D
J-D
MS
94
Si's.
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A-O
J-J
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M-N
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MS
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11112114
IIOI2
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102'^
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M-S 130
M-S
J-J
J-J
J-J
89
127
J-D
80
92
108i«114
113'«Oct'03
111^116
116
115
114
111
112
117
May'03
Oct '03
Aug'03
97
83 "a
J-J
M-N
A-O
J-J
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FA
M-N
M-N
II3I4
112
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132ial39
130 135
98'2 150
84 14 i33
89 >2
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114
114
111
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97'a
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F-A
9314 10012
93I2
91
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92 'a Oct '03
75 >-» Aug'03
81
81
109 Sep '03
1017eJ'ne'03
134 J'ly'03
130 Aug'03
98 1^ Sale
J-J
Feb '01
111
118 "a Sale llSlg llSSg
100
106 Ang'02
134i2J'ly'03
128
no's
11334 Dec'02
113
114 Oct '03
•106
109 Oct '98
10915111 110 Aug'03
107
lOS Aug'03
98
10034 Sep 'OS
101\j
100 Sep '03
10934
108 May'OS
9534
9934
97
98
79I2 88
1942 A-O
let general gold 5s
Mt Vernon Ist gold 68.. 1923 A-0
Soil Co Branch Ist g 5S.1930 A-0
£y Ind 1st con gu g 6s.. 1926 J-J
St P
fargo So See Ch
See Pere Mar
Unt Pere
M
MA
II714I2II2
134 12
130
,
,
ir2i^il4""
,
Cias and Electric Light
1947 A-O
Ch G L A C Co 6e< P G A C Co
Con Ga« Co See P (* A C Co
Detroit City Gasgoa
1923 J-J
Det Gas Co con let g 58. ..1918 F-A
BnflaloGas lat g 08
,
,
106
..
'
116 ..
99 ..
103 Ja..
106
10712001 '03
Sep
116
104
112
'03
J'ne'03
J'ne'02
Oct '03
107
M-S
Electric deb g 3ia8..1942 F.A
Ist g os... 1915
HudHon Co 6a« 1st g 58..1949 M N
KlBjrs Co El L
P g 58. ..1937 A-O
Purciiase money 68
1997 A-O
K<1 Kl U Bkn Istcon g4s 193!) J-J
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FA
A
Han
EA
W Tex
102 .
104 >a.
J-J
JJ
94
107
Sale
.
0334
9212
971a Sale
112
74
J'ne'OS
9712
9712
105 J'ne'03
116
103
1221a
106
107
107
J-J *105ial06i2 106
J-J
100
A-O
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Registered
1951 J-J 114
Islgokl ;i'.j.s
1951 J.
Uegistered
1951 J-J
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98
9914
1951 A-O
ist gold 3s sterling
1951 M-S
CoU Trust .gold 4s
1952 A-O
Registered
1952 A-O
O A Tex gold 4a.. ..1953 M-N 1031a.
Registered
1953 M-N
Cairo Bridge gold 48
1950 J-D 105
95 '4.
Louisville Div gold 3 128.1953 J-J
Registered
1953 J-J
Middle Divreg53
108
1921 F-A
St Louis Div gold 3s
1951 J-J
Registered
1951 J-J
94 14.
Gold 312S
1951 J-J
Registered
1951 J-J
Spring Div 1st g 3I2S... 1951 J-J
*i04ia!
Western Lines 1st g 48. .1951
Registered
1951
Bellev A Car Ist 68
1923 J-D
CarbAShaw 1st g 48. ..1932 M-S 11838.
Chic St L A N O g 58. ..1951 J-D II714
Registered
1951 J-D
00^3128
1951 J-D
Registered
1951 J-D
Memph Div Ist g 4s. ..1951 J-D 103
Registered
1951 J-D
St L Sou 1st gu g 4s. ...1931 M-S
Ind Bl A West See C C C A St L
Ind Dec A
Ist g 5s
1935 J-J 10638.
Ist guar gold 58
1935 J-J 10638.
Ind 111* la 1st g 4s
1950 J-J
Int A Great Nor 1st g 6s. .1919 M-N 121
2d gold 5s
1909 M-S
951a.
3d gold 48
57
1921
Iowa Central Ist gold 58. .1938 J-D 110
89
Refuudiug g4s
1951 M-S
Jetterson RR See Erie
I
LN
FA
FA
.
W
MS
61
83
la
83''4
10734
ioi'i^ios'
102
Oct
Oct
79^4
92 12 99
105 105
8334
8514
Dec '00
Oct
'03
11312 Oct '03
115
74
'01
'0;-)
.
1-.
85
106
25
87 '9 95
89
94 "a
10238 10614
1061-2
37 104
109 19
J'ne'03
100
1053»
114
114
llSiaMar'OO
99»2Oct'03
94 Mar'03
99'4 0ct 'Oo
II2I4II4
1021a Oct '03
102 Oct '01
10334 Oct' 0:s
102'4 104'a
"991^102"
94
94
99 14 99 14
101
'2
10334
104i>8'May'0-.
106i2Mar'03
91 12 Oct '03
123
S534
1061a 106 la
91'a 99
May'99
AagOf
85»4
86S4
91 12 Oct '03
101 ig Oct '99
100 Nov'OO
91'a 97
103'sSep'03
ibs'^iii'
May'Ol
Nov'9S
Oct '03
Oct '0
104=8 Apr'02
124
90
118
117
118
117
106 1« Jan '03
101
12519
117
10618 loo's
Mar'02
107i2Sep'03
Dec'02
97 Sep '03
1201.2 Oct '03
95 13
96
74 14 Feb '03
107'2l07'9
1071-2
IIOI4
97 102
Iiai2l23'«
94 "4 100
70
76
108 116>*
9313
91
110'4
92
Aug'03
651a
66 110
Oct '00
iSeeLSAMS
KalAAGB
an A Mich See Tol A O C
K C Pt S A M See St L A S F
KCAMRABl8tgng58.1929 A-O
Kan C A Pacific Se«MKAT
Kan
City Sou let gold 38.. 1950 A-0
Registered
1950 A-0
Kentucky Cent Set
66 ^e Sale
63
LAN
Keok A Des Mo /See C B I A P
KnoxviUe A Ohio See So By
Lake Erie A Wl8tg5s..l937 J-J
2d gold 5s
1941
North Ohio lat gu g 6s.. 1945
L Sho A Mich S See N Y Cent
Lehigh Val (Pa) coll g 58.1997
Registered 58
1997
Leh Val N Y 1st gu g 4 "28. 1940
Registered
1940
Leh V Ter Ry Ist gu g 5s. 1941
Registered
1941
Leh V Coal Co lat gu g 5s. 1933
Begistered
1933
Leh A N Y 1st guar g 48.. 1945
Registered
1945
EIC A N 1st g 1st pf 68.1914
Gold guar 5s
1914
116i2Oct'03
llli4Gct'03
109 la Oct '03
1161a.
J-J
A-O
Ill
6412
71»8
11512 120
109 113^
10913 114'a
M-N 105
M-N
110i2Peb'02
106
105 "a 105-8
109 12 J'ne'02
104
113'6J'iie'03
II312II4
109i2Oct '99
104'2Sep'03
i04''ii04'i
J-J
J-J
A-O ii2'
A-O
J-J
J-J
MS
10538
"9iii"96'
Oct
108'a
'03
91
97
100
Mar'03
100
100
118
Jan '03
118
118
91
M-S
A-0
A-O
W931
Q-J
1938
1922
1932
1949
Unified gold 4s
1934
Debenture gold 5s
Bklyn A Mont lstg63..1911
J-D
lat consol gold 48
General gold 48
Ferry gold4i2S
Gold 4a
Unified gold 48
Registered
CoU trust gold 58
Ceciliau Branch 7s
MS
J-D
MS
115
101
101
10012 J'ne'03
100 Oct '00
99 12
98
111 Jan '02
101
"
99 '"i Sale
J-D
1940
1940
1931
1907
101
10518
II312I25
93 14 961-2
J-J
J-J
1st gold 68. ...1930
NOAM
1930
N O A M 2d gold
9334
Jan
106
113
9612 IOC's
1051410514
67
114>all8
111 113
97i2l01i«
110
11434
Dec '00
113
IO8I4 Jan'03
12612 12712
12234 Aug'03
Illl2ll41fl
108'4 lOS"*
I2OI4 129
12234 12234
on Next I'aee.
nnd Electric Light
Mnt Fuel Gas Co See Peop Gas
Newark Cons Gas con g 58 1948 J-D
NYGELUAPg
5s. ..1948 J-D
Purchase money 48. ..1949 FA
g
1st conv g
Ed El 111
5s.. 1910
1995
1st consol gold 58
N Y AQEl LAP 1st con g 5sl930
Paterson A P G A E g 58.1949
PeoGaa A G 1st gu g 6s.. 1904
1904
2d guar gold tjs
1943
lat con golu (js
1947
Refunding gold 5s
Ch G-L A Cke 1 St gu g 53 1 937
Con G Coof Clilstgug58.'36
Ef)
63
'02
11434 Oct '03
,
9914102'*
100ial02
IO514 Mar'03
100
J-J 126i2Saje
J-J *122
3
112 Mar'02
112 '2 Jan '02
112'2Apr'02
116 Aug'03
112 Oct '03
t8i4
98 "e Sale
M-N •II312.
M-S
E H A Nash Ist g 68. ...1919 J-D 113
LCin A Lex gold 4 123... 1931 M-N I0414
BONUS—<Jontinued
Dec'02
117
9439 278
92'i-8
70
100
106 14 10934
107 110i»
J'ly '03
IO212 102=8 Oct '03
I-
linn
72
70
Oct '03
106'4 Aiig'03
Q-J
J-J
10214 1125!*
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6.s
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Geu
W
Gray's Pt Term See St L S
Gt Nor— C HAQcoll iris 1921
Registered. A
1921
Greenbrier Ry See Ches & O
Gulf A S 1 1st ref A t g 5s 61952
A St Jo 6'eeCBAQ
ousatonic See N Y N H A H
Hook Val lstconsolg4'28.1999
Registered
1999
Col A H Vl8textg4s..l948
100
A-0
J-J
M-S
1911 M-S
lat 5s
114
N Y B&MBlstcong5sl936 A-O
97»4 103
1927 M-S
N Y A R B Ist g 58
99 lOe^e
NorShB lstconggu58ol932 Q-J
108 117
Louisv A Nasliv gen g 6s. 1930 J-D 116 II712
1937 M-N II312
Gold 5s
10713112
11212
110
108
[VII!SCEI.1.,A.NEU[;.S
EdElIllBkn Se«KCoELAP
KdEI114i««NYGAELHAP
Kfj G LN Y Istcon g 58. .1932
Eq G A Fuel 6«« P G A C Co
HA H
Ga & Ala Ry l8t con 5s..ol945
Ga Car A No Ist gu g 58. .1929
Georgia Pacific See So Ry
Gila V G A Nor See So Pao Co
Gouv A Oawegat See N Y Cent
Grand Rap A Ind See Peun RR
Leh A Hud R 6'ee Cent of N J
Leh A Wilkes b 6ee Centof N J
8 87
I2512 ISO's Leroy A Caney Val See Mo P
Long Dock See Erie
Long Island Istcon g5s./il931 Q-J
,
WlikA Eal8tgug5s.l942 J-D
A Pitts See Penh Co
Evans A T H 1st cons 68.1921 J-J
A
A
75
94I4
Erie
A
Tal
High Ao Low HigK,
Sep 00
Feb'02
Mar'98
IO634
107
72
75
Sale
ASA
See So Pac Co
of 1882 1st 58.1913
Since
January t
105
.
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104 0«t '03
104 108
Bio Qr So gu aee Rio Gr So
42
Den A S West gen 8 g oa 1929 J-D 36 >« Sale Z^^
11 S6i« SO
Sold 4s
1995
1951
Det Son Ist g 48
Ohio Sou Div l8l g 4s.. .1941
Dal A Iron Range Ist 68.. 1937
Begistered
1937
2d 68
1916
Dul So Shore A All g 58..1937
Ij^astofMlnn ie«StPMAil
Jast Ten Va A Ga See So Ry
Klgln Jol A East Ist g 5s. 1941
^
Har
05
as on
loci's
99
107
1st g 4128.1941 J-J
Den C Ist g 68.. ..1921 J-D
Rio Gr 1st g 3-48. 192^ J-J
.
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AW
Construction 5s
_ial
1943 J-J
U D Co
^
1915 J-D
Ist consol guar 78
1915 J-D
Registeretl
2000 J-D
let ret gn s 3H2S
Lack
1st 6s.. .1921 J-J
NY
WA
W
A
/
100
lliiiojs
A-O
W
I'iis
lAakALitSo ifeCMAStP
A/allas A Waco See M K A T
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Bid
Range
or
Last Sale
HoustATexCeu iSeeSoPacCo
Colaiu ifc (jireenv Hcs So R.v
Col A Hock Val i,ee Hock Val
Col Conn A Term Hee N A
Conn
Ft
Ft
Houst
ib4»iNov'0i
A-0
October 30
A
Consol gold 5s
109
Week's
Range
J'Vidati
Cen
Pen Ist g 58...1918 J-J
1st land gr ext gold 5s.. 1930 J-J
Fla
Fort St
97', 324
J^ice
STOCK E.XCHAXGE
WkKK ENDLNO OCIOBEK 30
N. Y.
1
High
109 "o 109 >u
109 Apr '02
109 Mai'03
Ul'-jlH-c'Ol
113 Oct '00
Oei-!
MS
Recistereil
)tl93ti
CI con l8tK58-.19-2.>< J.J
S&
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»7Vi
97^8
W
St
Last Sal«
1091,....
100
103
Geutrai a -Is
1993 J-D
Cairo DlT lat f:ol(14s
1939 JJ
Cln
A M DiT 1st it 4s. 1991 J-J
L l)iv
J^riee
f'riday
October 30
Bid
^eu g 5s ...oiyiii J.J
s t 7a..AWi>
lt>37 J.J
Ist gvL g 58. ..1941
consol
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[Vol. Lxxvn.
2
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A-O 116
MS
J-J
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9018
9934
104 Oct '03
114 Aiig'03
100
10012 100
102iall2
9714
87
102 107
114 119
101 'a J'ly 'Oil
103
103
116 Oct '03
100
10434 106
106
Sale 106
101 103i«
100 102x4
116 125i«
103i8l07'a
100 109
102i2l08"«
101'2l03i4
100 106
90 '4 Sale
104
MS 103
J-J 115
FA 100
MS *100
106
J-D
1031a
J-J
102
I02i2 0ct '03
101 12 Sep '03
100 Sep '03
100
1071a
93 '4 May'03
Mu Fuel Gas Istgu g58.1947 M-N
:I.«cGa8LofStLlstg58.el919
97
105', IO5I4
10234 1081-2 Syracuse Lighting 1st g 6s. '51 J-D
i'0534
109 Feb'Ol
Miiwankffc Gas L Ist 4.S..1927 M-N
Trenton G A El 1st g 5s. .1949 M-S
95 J'ly '02
• 2ro price Friday; latest bid and asked thla week. aDaeJan ^Dtteffeb ciDaeApr «Dae^ay ADueJ'ly A^DaeAug oDoeOct gDaeDec fOptlonsalt
[
.
Oct.
Bond
31, 1903.]
BONUS
STOCK EXCHANGE
WkKK ENDINI5 OCTOBER 30
N. Y.
tioulsv
lYice
Weel^s
Ka ti j/e
fritiav
October SO
Range or
since
MS
73
M
LA
Jert
L N A A Ch
Maliou Coal
C
6><-
A L
L. S A M
96 4 100
107 4107%
S4
92
107>uJ'ne'O3
..
..
107»a..
llM)
..
92'tj..
'03
W
,'
102 »4 103
A-O
AG
J-J
JD
14
Bale
Jly
A-0
1997] J-1)
110 AuK'03
105»4Oct 'OS
110 Mar'03
100 Mar'Ol
110
104
110
113
1997 j-n
Registered
Det Mon A Tol Ist 7s.l90G F-A
92 >9.
103%
AO
J D
24
lbs" iii%
71%
65
1334
1414
8%
8%
12% 28%
1334
91% 97
Oof 03
144
llG^Feb'OS
11634 11634
123'aApr'03
121
Jan '02
11214 Sep '03
98
98
123% 123%
.
.
.
103
98
98^ Sale
97'8
76>a
98»4
77
100»4 Sale
86
101
90
100
105
AI-S
.MS
F-A
104%
Sale
104 "u Sale 104%
FA
J-J
FA
91
91'e
95
102>4i04'a
109'sll4
111 Sale
J-J
143
120»8
9534 10334
NoT'Ol
Apr "01
9%H 40
9
76>a
10034 260
Oct '02
Oct '03
May'03
105
10452
109
•/
Verdi
let extension gold 6s../il927
u
41
9134 Oct '03
MAO
MoDongahela Hlv Se« B A U
Mont Cent See St P M A M
Morgan's La A T See S P Co
Morris A Essex See Del
Chat A St List 78. 1913
Nash oonsol
gold 58
1928
Ist
Jasper Branch 1st g 6s. .1923
McM M A Al 1st 68. .1917
Branch Ist 6s
1917
fash Flor A Shef See L A X
91%
113
W
TAP
120
91%
Sep -03
98% Oct '03
III"?8ii 101%J'ne'02
Vatof Mex prior lien 4it2S.1926
Ist consol 49
See
Jew
HAD
110
120»4
J-J
121
A-O 110%,
110
113
116
111
J-J
J-J
J-J
104 ij 102%
76^ Sale 75
J-J
NYNH&H
O A N E prior lien g 6s pl915 A-O
See L I
Sr Y Bkln A Man Bch
•
'
t
V,
'
9978 Sale
96
101
M-S
MS
MS
100%.
J-D
J-D
90
110
93
FA
FA
FA
F-A
J J
102
102
90>aSale
1?1
Oct
'03
I2OS4 124
108% 115
Dec '99
'
88
90
107
108
102%
98
103%
76
73
79^8
95
99
95% 105%
100
99
lOO'sOct '03
101%J'ne'0a
109% Sep '97
100%1037g
9934 J'ne'03
9934 100«8
104
101 79
100
Dec "02
Sep
'03
100
100=8
90
88%
88
91
108
106
91
883^
Sep '03
Jan '03
May'03
87
86
86
9478
91
9278
91
91
107% 108
J'ne'98
J
A
J
95
J
J
M-S
Apr '02
107% J'ly "00
Sep
110% Dec '01
M Co
1st
Housatonic
A-O
FA
M-N
R
1951 J-J
al917 A-G
eu g 68.1922 J-D
105%
lOOK
9734 105
124
139
112%
123%125%
Dec '01
106%Nov'00
99% U9
90'-.
100
Sep '03
100
100
Oct 'Ob
117% Sale 117% 117 '1
116
117
116
104%
103
Sale
1 1
5
1 1
33,
Jan
17
122%
'02
Oct "03
104
104
103
103
97% 99%
104
22 100
102
May'OS
107%
105
103*4
125'%.
con g 58. .1937 M-N
W
131»4 Apr'03
128*4 131*4
102%.
106% May'03
10134
.
101
105
101
100*4
.
Sep
100%
129%
126% 128
"oe'isaJe
80
'03
100%
15
99%.
105
97%]03%
101
May'03
100*8101
114
130
128
Feb '03
114
130
128
126
Aug'03
Api'03
127% Oct '03
9534
963.
158
96% Sep '03
89
89%
94'"'8
93
17
107%J'ly'01
98 Oct '03
103
106%
115%
133%
128
132%
10178
96%
87% 94
9678101
102% Sale 102% 10234 298
100% Oct '03
7034
71 Sale
71% i56
Q-F
Q-J
Q-J
20
99% 104
9978 10308
-"
7379
70
72%
Q-F
68
J-D
J D
101
JPne'OS
101
101
122
132
Oct 'OS
J'ly '99
121
127
FA
F
hio River
1st g 5s. 1936 J-D
General gold 5s
1937 A-O
Cal See So Pac Co
Ore
Nav See Un Pac
Ore RR
Ore Short Line See Un Pac
Oswego A Rome* See
O C F St P Se« C
Co 1st g 5s. ...1946 J-D
Pac Coast
ac of Missouri See Mo Pac
Panama 1st s fund g4%s.. 1917 A-O
68
112% J'ly '03
Sep
105
'03
96% Mar'03
94% Feb '02
68
112% 112%
105
105
96% 98
'03
110
116%
114%May'03
108% J'ly '02
114
114%
105%.
105%
105%
101
111
Apr '03
102
102
110%.
102
102
110
106
102
111% Oct
A
NYC
W
AN
Sink fund subsidy g 6s. .1910 M-N
Penn Co— Guar Ist g4%8. 1921 J-J
Registered
1921 J-J
Guar 3%s coll trust reg.1937 M-S
C St L A P
1st con g 58.1932
Registered
1932
CI A Pgen gng4%s8er A.'42
Series B
1942
Series C 3%8
1948
Series D 3%s
1950
Erie A Pitts gug3%s B.1940
Series C
1940
Edge gen gu g4%8l945
NAC
A
96
90
96%;
O *112%.
C guar
1942
1945
g. ... 1949
Pitts Ft
A C Ist 78.. .1912
2d78
1912
3d 78
A1912
Penn RR Ist real est g 48. 1923
Consol sterling g 68
1905
Convertible g 3%s
1912
Con currency 6s reg...{/1905
Consol gold 5s
1919
D 4s guar
E 3 % guar
W
10734 110
106
91%
95
109%
97
95%
122%Feb'03
122% 123
10S% Ang'03
108% 108%
A-O
J-J
112»8.
A-O 111%.
M-N
FA
J-J
J-J
J-J
98
101
M-N
M-N
FA
108
.
107 % Oct '03
107
J-J
M N
y-M
M-S
'03
92 Sep '03
127»8Oct'02
11934 Sep '03
130 Apr'Ol
AG
100
104
% Oct
107% 114%
106
112
92
96
116%Feb'01
106%Nov'02
.
10178.
93 .
J-J
J-J
M-N
Nov'OO
102
PCCAStLffu4%sA...1940 A-O 108%.
Series B guar
1942 A-O 108%.
Series
Series
Series
Apr'02
Oct '03
Mar'03
Nov'98
91% Oct '03
95 Sep '03
103
108
9678 Sale
106%
9678
106%
9778 191
1193^ i28'
100
9378
106%
ib7%
102%
109
on Next PaRe
Telefrraph and Telephone
55
112
93
98
71% 70%
102%.
J-D '102%.
68. .1917 J-J
10'2»4
98
J'ne'02
no
,
M-N 101%.
M-N
AG
101
J
—
BONDS—Continued
115
107
Nov'OO
Apr'03
98
72%
112
90
105
67%
9634
J'ne'02
May'97
102% 102% 10 102% 102%
106%Feb'02
105
Oct '00
91
.100
.104
.
91
J'ly '03
102*4 Sep '03
103% Oct '03
105 Feb '00
96 Oct '03
72*4 Oct '03
32 Jan '00
DeBarCA 1 Co gug 63.1910 FA
.102
Iron Coal AC Ist g 58.1949 MS
72
rh L E A P C Co Ist e 5s. 1919 J J
*^* No price Friday; latest bid and asked thU -week,
ra
.
a Due Jan
96% Apr'03
96% 100%Apr'02
J-J
Comra Cable Co
112
1
Cah C
MN
See Cent of N
NYANE
SeeNYNHAH
New York New Hav A Hart
Am Telep A TelcoU tr 4a 1929
UnAHC*! Cl8tsfg5s.l951 J-J
leas Val Coal Ist gsf 5s. 1928 J-J
lochAPitCA pur m 58.1946 M-N
Tenn Div Ist g 63
Birm Div Ist consol
73
NYALongBr
A
J'ly '02
Dee '99
99%Nov'02
88"%
J
FA
tenn Coal gen 58
112
10034 103"^
101
123%Mar'03
127
'
99%
99
100
M-N 101
M-N
Convertible deb g 59
1911
fr Riv Coal A C 1st g 68.. 1919 A-O
efif A Clear C A I Ist g 58.1926 J-D
192ti
May'(»3
J-D
1951
Guar3%8Coll tr ser B...1941
Tr Co certif'sgTig3%8.1916 M-N
J-J
J-J
Coal and Iron
SahCoalMin See TCI AR
tol C * I Dev Co gu g 58.1909 J.J
lol Fuel Co gen gold 6s...iyi9 M-N
iol F A 1 Co gen 8 r g 5s. .1943 FA
o^
112
10334
Registered certitic'8..1923
ail!!»C£LX.AA£UUS
2d gold
11034
MS
127%
St Paul A Dul 1st 68. ...1931 ^;JA 109
125%
2d 5s
1917 A-O
9038
l.st consol gold 4s
97%
19G8 J-D
115%
Wash Cent 1st g4s
1948
112% 116
98% Nor Pac Ter Co 1st g 68.. 1933
Nor Ry Cal See So Pac
Nor Wis See St P M A O
Nor A Mont See N Y Cent
See C C C A St L
OInd
122
119
IT
1997
Debenture 59 of.. .1884-1904
1884-1904
Registered
Begist deb 58 of.. .1889-1904
Debenture g 48.. ..1890-1905
1890-1905
Registered
1905
Debt certs ext g 4s
•
1905
Begistered
'Lftke Shore coU g 3iij8...199t;
1998
Registered
Mloh Cent coU g3i29....1998
Registered
1998
.ieech Creek latgug4s. 1936
Registered
1936
2d gu gold 58
1936
Beech Cr Ext Istg 3^28 61951
Oart A Ad Ist gn g 49. ..1981
Clearf Bit Coal 1st sf 48.1940
Gonv AOswelstgugSs 1942
Moh A Mai 1st gu g 48.. 1991
Income 08
1992
124
139
N Y Chic A 8t L Ist g 48.1937 A-O
Registered
1937 A-O
N Y A Greenw Lake See Erie
N Y A Har See N Y C A Hud
N Y Lack AW See D L A W
N Y L E A W See Erie
100 105»4
107«8ll3
afJJtin«RE *»eKYCent
Bow A Cin Edge See Penn Co
Begistered
Jan '03
Jau'ua
IT
MS
W
A
1951 A-O
fYCenlA H Rivg 3'2S.1997
Feb'O'.
124
139
100%
111*4
106%111%
lO.S
Sep '03
Oct '03
101
AW RR
LAW
>
LA
106
108»8
114
1940
1940 J-J
1962
g3%s
Bat C ASturl8tgug38.19H9
N Y A Harlem g 3%s...20OO
2000
Registered
N Y A North Ist g 58. ..1927
R A Ocon l8text58.A1922
Oswe A R2dgu g53...el915
R A OT R Ist gn g 5s. 1918
Ht8
102
116
118
126
121
115
120
l8t
Sole
106%
N H A Derby con g 5s. .1918 M-N
1905 J-J
N Y A N K 1st 78
1905 J-J
Ist 68
Y
North
See
Y
N A
N CAH
N YO A Wref 1st g 48.. .91992 M-S
95 100%
Regis $5,000 only
bl992 M-S
76
85
N Y A Put See N Y C A H
97 104% N Y A B B See Long Island
N Y S A W See Erie
101 101
N Y Tex A M See So Pac Co
87% 90
Nor A South 1st g5s
1941 M-N
97 105% Norf A West gen g 6s
1931 M-N
105%106
Improvem't A extg6s..l934 FA
105% HI
New River 1st g 68
1932 AG
107 111%
N A W Ry Ist con g 48.1996 A O
118 122
Registered
1996 A-O
102 10738
Pocah C A C Joint 48.. 1941 J-D
1922 J-J
CC AT Ist gug 5s
101%107%
Scio V A N E 1st gu g 48 1989 M-N
89
94% North TUinois See Chi A N W
SeeXTCAH
Mohawk A Mai
48
Registered
J
S 1st g 3%8
tligli
Oct '02
106
102%
1931 M-S
1931
North Ohio See L Erie A
Nor Pac Prior lien g 48. .1997
Registered
1997
110^8 111% 127 109%115
General Uen gold 38
a2047
'03
10934 Oct
108 111
Registered
a2047
86'* '82 82
85
91%
C B A Q coU tr 4s See Gt Nor
St Paul-Dul Div g 4s
1996
110%J'ly'00
Registered
1996
93 Apr '02
St P A N P gen g 6s.. ..1923
100 May'Ol
101 Oct '03
10334001 '03
120
.122
1938
General gold 4s
Hontgom Div Ist g 5s. .194 FA
St L A Cairo coll g 4s..el930 Q-F
1931 J.J
Guaranteed g 43
ooU 48 See Southern
14538
109
Gen con stampgtdgos 1931 AG 86I4
Sale
CnlfledA ref gold 4s.. 1929 J-J
VIA \V 1st g 5s.l92G M-S 110
Mob A Blnn prior lien g os 1945 J-J
93
1945 J-J
Mortgage gold 48
102 J'Ty'02
Mob Jack A K C 1st g 5s. 1946 J-D
123% Oct '03
Mob & Ohio new gold 6s.. 1927 J-D 124
,'fc
Ist consol Gs. 1909
High Ao Low
Low
;
Since
102
103
101
99
1934
W
Mfty'OO
Kan C A Pac Ist g 48. ..1990 FA 86
98
9878 100«8 114
M K A TofT Ist gug 58.194-; .MS
106 Ang'03
SherSh A So Ist gu g 5s. 1943 J-D
"4
105 4 Oct '03
1942 AG 106
MoK A K 1st gug 5s
190G -M-N 109 111 107i2Oct '03
Missouri Pacific 3d78
1920 M N 120^4 Sale 12014 12014
let oonsol gold 6s
f
80
7
lOS
Ist 5s.. 1934
1st gu Gs. 1932
58
Range
January 1
ib'5%Nov'b'i
RR
McK A Y
Mich Cent
144*4.
J-J
J-J
J-J
A-O
C'l
MoKeesA B Vl8tgGsl918
104%
99
114S
116
97
MS
FA
AG
'
Mahon
A.sk
We**:'*
Range or
Last Sale
108% Sale 108%
Ka A A O R l8t gu c 5s. 193,H
2d guar 68
9212
92>a
aoosJ'iy'Oi
11538.
llGSa.
2d gold 48
ffl990
1944 M-N
Ist ext gold 58
St L. Div 1st ret g 48.. ..2001
Dal A Wa Ist gn g 58.. .1940 .M-N
Trust gold 5s 8t'amxied.al917
al917
Kegistered
1920
Ist coU gold 58
Cent Br Ky Ist gu g 43.1919
Leroy A C V A L 1st g as 192G
Pac R of Mo 1st ex g 49.1938
2d extended gold 5s... 1938
St L Ir MA Sgen con s 5sl931
'id 78.
Bid
106
UtlcaA BlkRlvgug48.1922 J-J
MStPASSMcong4intgu'38
Minn Un 6>« St P M AM
Mo Knn A Tex iBt g 48... 1990 J-D
•'
Lake Shore oonsol
110
71
105
1934 .M-N
l8t oonsol gold 5s
1st and refund gold 48. .1949
I
105%
.\-o
FA
M-S
MS
JD
JD
1903
1903
Deo '02
1097gOof 03
73
J-J
J'ly
J-J
Registered
Minn
-
23l)l
Registered
J-D
1909 J-D
A St L gn SeeBCli&^
MA Pl8t5sstpd4sintgu 193(i
M 8 S M A A Ist g 4 int gu 1920
Kegistere*!
Qold3%8
loss's
X J See Erie
MU L S A W See Chic A N W
Mil A Mad See Chic A N W
MU A North See Ch M A St P
Minn A St L Ist pold 78.. 1927
7s
lat 48 gu... 2361 J-J
1143,
of
Pacific Ex l8t!?oId6s...l921
South West Ex 1st g 78.1910
West Shore
106%
Oct
101»4
ioa'alllll
Fridav
October 30
N Y Cent A H l<—<Continued)
N J Juno U gu 1st 4s. ..1986 FA
Kegistered
1 9SG F-.\
N Y A Pu 1 St con gu g 4s 1 993 .\-o
Mont
lat
gug
58.19U
A-O
Nor &
Pitts
Mex Northlat poW 68....1910 J-D
Mleh Cent See N Y Cent
Iowa Ex Istpold
stock exchange
Wkek Endi.vo October 30
106 S2 Sep 'OS
I
S
AVc
anhattan Ry consoU8.199(>
1990
Kejnsteie*!
Metronol El Ist kBs....190S
Colouiz g 58.... 1934
Man S
McK'pt A B V Sff X Y Cent
Metropolitan El Bee Man Ky
Mex Cent oonsol Rold 48.-1911
l8t oonsol income p 38.ol939
2d oonsol income p 38..ol939
1917
,'£qulp 4 oollKold5s
1919
2d series Kold 5s
190
Ser
1st
CoU tr v 4ViS
Mex luteruat 1st con jt 43.1977
197
Stampeil iaiarant«e«i
Mid
Nov'99
97»4 Oct "03
90% 90
109
Ill
AC
BdKeC»(niK48..1945 MS
1
High Ao Low JUigK
113
1521
BONDS
125»-j.\us'02
75 J'ue'O
i06'
97 Hi.
lOlSj.
K
3
n. y.
llGa8Mar'02
110
115
.
January
Last Sale
Aik Low
Bid
Nashv—f Continual/;
<fe
Pensacola I>lv ko1i1(33...1920
1921
St LDiv 1st gold 68
19S0 M-S
2dKoW 3».;
Henrter Bdfre Istsf p68.1!t31 M-S
Kentucky Cont sfold 48. 1987 J-J
Lift X A M it M l8l >f -l Hj8 iy4"> M-S
Joint 4s. l!'r>2 J-J
X,& X-South
li)o2 J.J
Kegistered
N FlaA S l8tpnK6s...i;»37 K-A
Pens & At! 1st tru e 0s..l921 FA
S <fc N Ala con mi « 5s..l9Si; FA
1910
Sink fund gold Gs
—
Record — Continued— Page
91
91
102% 107*4
102%112
96
72
&
103%
81
Ist g 48. .2397 Q-J
Kegistered
2397
Erie T A T col tr g 8 f 5s.. 1926
MetT A T Ists f g5s
1918 M-N
MutUnTelCo
N Y A N J Tel
See
Westn Un
gen g 58. .1920
No Westn Teleg See West Un
West Union col tr cur 5s. 1938
Fd and real est g 4%s...l950
Mut Un Tel s fund 6s.. .1911
Northwestern Tel 7s
1904
A
Due Feb (Due May ^DueJ'ue A Due
109
.
108
Oct
96% 96%
'00
'99
112%
112% 112%
105% J'ly '03
105% 108%
112%
112%.
M-N 106%
105
J-J
105
M-N
M-N
103%
103% Sale 103
107%J'ne'03
106%
105
106
102
110
105
107% 109
J-J
.>lannfactui'ins <& Industrial
Amer Bicycle s 1 deben 5s 1919 M-S
1915 Q-F
Cot Oil ext 4%s
Hide
L Ist s rg68.. 1919 M-S
Spirits Mfg Ist g68.. 1915
Am
Am
Am
100% Oct
MS
J'ly
34
Feb '03
9379 Ang'03
68
87
p Due
69
66%
6834
Oct '03
90
Nov « Option
88
sale.
34
42%
9378101
93
66
80
94%
Bond Record
io'2'2
UOM»
STOCK EXCHANGE SI
WKKK K.MUM; OCTOBER 30
Peuu KK — i>i4(i/iiie;a;
i*.
Y.
(
I.
194:5
Cuusul gold -is
Alle* Val K^u f" (J 4s...liU4>-jS..ltK>:)
Mar
1st
Ci Jfc
RU g
K& Baelst stu4sK.'3il
Gr K tfe I ex 1st KU »! 4 Sjs 194
Muni— t
M
P
.ii;
,
98
122 J*
January 1
Hiah Av LOtD High
AugO:!
106 106
.
.
100
95
116
'03
Oct
J
My '03
107
106 Si
Hi.
120
95
116
127
95
107
111
1214
1064113
109
Nov'97
107 Hi Oct '98
Oct '01
112i2Dec'02
120
115Hi 117i4J'ly'03
1163411714
98 J'ly '97
98 Aug'03
100i4Feb'03
IOOI4IOOI4
1144
98
1004
120i3Dec'()2
96%
963^ 236
96 »8 J'ly '03
9212 "l5
92
96^4 Sale
92 V 93
9334
90
89
984
96i«
96
Ricli Jk
95
83
Consol anil col trust 4s .1949
Utah Cent Ist gu g 4s.ol917
Rio Gr Juno 1st gu g58...1939
194l>
Bio gr So Isl gold 4s
194U
Uuarauiee<l
Hee
Pitta
B K
di
9534
86
70
85
97
94
86
S314
Jan
P
99
92
'02
llOiaFeb'03
75 Ang'03
92 Har'03
76
Boine Wat * Og Hee N Y Cent
1941
Butlaml 1st cou g 4'-js
Kut-Cana<l Isl gu g4'as.l949
Oag l"ns «fc 11 •iee Pere Marq
Oalt LakeC Ist g s I 68.. 1913
8t Jo<& Ur l8l Ist g 8-43. .1947
8t Law & AOlron Ist g 5s. 199G
1996
2il gold 6s
St L lie Cairo Hee Mob <& Uluo
9534
11041124
76
92
75
92
lOmNov'Ol
8518
87
85ie
81
94
«t L & S t'rau 2d g 68 CI B 1906
1906
2d gold 68 Class C
1931
Ueueral gold 6s
Geueral gold 5s
1931
KR
cons g 48. .'96
St L Jfc S t"
Southw Div Ist g 58. .1947
Refunding g4s
1951
95
71
llOifi
92
100
81
1 18
1034106
129
1084115
llOifc
Aug'03
92
954
J'ne'03
100 100
8234 810 7334 91 '8
J*ne'03
118 124
7734
78
16 744 884
108
1933
Registered
1933
Reduced to gold 4 >as.. 1933
Registered.
1933
Dakota ext gold 68
1910
Mont ext Ist gold 48
1937
193"
Registered
S^Minn IstdiT 1st gas. .1908
Registered
1908
Nor Div l3tgold4s
1948
Minn Union 1st g 68
1922
MontC IstgugSs
1937
Registered.
1937
l8t guar gold os
1937
Ist consol gold 68
95
7018
69^8
Sale
Sale
Sale
70
Gray'8Pt'rerlstgug58l947
St Paul <fe Dul Hee Nor Paciho
8t Paul M & Man 2d 68.. .1909
95
71
70 12
IIOI4 Sep '03
1313e Oct '03
.
13134.
140
Maj'02
10834 Oct '03
11618 Apr '01
112 114 IIOI4 J'ly '03
101»al02i2 102
102 la
110
111
10134
.
130
116
gold 58. .1938
Hee Nor Pac
St P <t S'x City 6e« C St P
<feO
S f e Pres & Ph let g 5s. . . 1942 .M-S
P Hee So Pac Co
8 A <fc
P Ist sink I g 58.1919
S i" <fc
Ist gold 63
Sav F <fe
1934
1st gold 53
1934
<fc
106
104
May'Ol
Aug'03
128
134
115
Apr '02
Mar'03
Apr'97
11478 1161a
1251a Feb '02
.
114"%.
69
29
283
894 974
6378 854
66
86
St John's Div 1st g 4s... 1934
Ala Mid 1st gu gold 58.. 1928
BrunsA
Ist gug 4s.. 1938
SU Sp Oca <fc G gu g 48.. 1918
See
,
,
Nor& W
Aug-Ol
11334
Deo '01
W
Snnb & Lew See Penn RR
SyraBing<fcNY .SeeDL&W
'
A-O
100
J-J
18941944
let con gold 53
1094.
J-J
J J
J-J
J-J
106
106
7634 Sale
AG
L
Registered
/fcl929
Gal Har<& S A l8tg68..1910
gold
2d
78
1905
Mex<& Pacl8tg5s
1931
611a VG&Nl8tgng58.1924
Hens K <&
T let g 58.1933
Ist guar 58 red
1933
67 la Sale
100
W
Since
January 1
1
102
113
J'ly '03
'02
Jan
1054 Nov'Ol
79
76 4
Oct
Oct
102
'03
Mar'03
'03
1034 001
'03
J-J
106
113i8Sale
904 Oct
'03
92 14 Sale
J-J •1114
944 96
J-J
J-J 112
904
J-J
AO
116
J-J
J-J
1124.
1174.
M-N
M-S
110
120
121
J-J
J-J
J-J
1044
93
FA
FA
Uni N J RR <fe C Co See Pa RK
Utah Central See Rio Gr Wes
Utah & North See Un Pacific
J-an'03
'03
108
111»4
118
112
116
112
115
108
1164
1134113«8
113 4.May'03
91i4 0ct '03
116 4 Mar'03
1224 117
1244
1044 10 ios" io8"'
Peb'02
Feb'03
123
112
115
123
114
9II4
116
93
1164
J'ly '00
'02
104 4 Sep
1084.
103
107i4J'ly'03
110 Sep '03
115 J'ne'03
.
100
r
'
Sep
100
90
90
A-O
J-J
II914
1104 Oct
91
FA
J-D
116
1164
1194
110411534
119
M-N
M-N
116
112
114
II914I24
J.J
J-D
J-J
J-J
904 904
Oct '03
Oct '03
117
124 4 Feb'03
116 4 Oct '03
101 14 J'ly '00
108 Sep '03
92 Sep 'c;
11241184
J-J
J-J
10341034
II9I4
J.J
A-O
J-D
J-D
10834 112
1104Oct'03
.
103
111
FA
1074 110
1064 110
.
983s.
M-S
A-O 105 4.
M-N
M-N 105
M-S 103
M-S *104
M-N
M-N
10H4
.
1154.
MS
10534
IO4I4
111 4 Oct '0"
106 Apr'03
101 106
11338 122 11141184
113
llli4Aiig'03
IIII4I17
921.,
904
28 89
974
Ill Oct '03
11041134
95I4
95 14 10 9278 984
120 Mar'Ol
116
114
117
.
1114
119 4 11934
119 11934
102 14.
J-J
864
11014
11934 Feb'03
1074 Sep
M-S
72
107
111
108
102
10534
119
J-J
102
1064 M»y'03
F-A
M-S
JJ
147
'o:^
10838 10838
10834 J'ne'03
J.J
102
'01
lOSis
J-J
1926 J-J
Gold 5s
92
g5
"69"_ Sale
_
11614
81
110
110
111
107
88
91
84
69
98
108
'03
117
10714 11234
110
115
100
10 113
81
J'iie'03
Oct '03
11778
102
1184
100
1084111
Oct '03
Sep '03
109
110
107
88
2 88
Feb'03
Oct '03
91
85
72 14
118
1
8334
113
113
107
97
92
86
80
68
98
98
Apr '03
11014
"i
108
108
10239 10234 285 994103*8
10319
102^4
102
5 90
96I4 Sale
9539
964 [740 90'8l07i4
IO5I4IO5I4
105 14 Jan '03
9941004 100
1004 54 9634 102
123
15 120 127 4
123
124
1134 Sale 113
1134 12 109 114
9II4
9178 Sale
9234 46
874 98I4
109
115 Nov'02
103
1144 Apr '02
91 14 94
108 110
102 4 Sale
20
.
& Black R See N Y Cent
Val Ind & W See Mo P
Ver
irginia Mid See South Ry
128 Oct
123 Dec'9y
95i4Nov'01
,
Apr '03
111
11234
Aug'Ol
91%
914 964
67
68
lOOia
100
llli4M»y*03
90 Oct '03
8438
64
93 1034
IIII4IIII4
91Hj
86
101
102
99
100
871a Sale
90
964
9918
87
95
Jan '03
26
8734 105
9918
102
102
984100»8
84
9218
Apr '02
105i2Feb'03
105 41054
99I4 100
99 12 Sale
63 96 102
99 14 99 14
99 "4 Mai'03
853* 86I2 8534
82
884
86
104
106
103
106
105
W
M
Sen
10314 J'ly '03
2000 J-D 1164
l»t gold 5s
85 100
?2000 Mar
2d gold inc 58
1931 J J *
La Div B L l8t g 5s
1134
111
1935 J-J
T0I& O C 1st g 5s
Western Div 1st g Ss... 1935 A-O 105
1935 J-D
General gold 5s
W
W
W
=
1114 Apr'O:
108
108
109
A-O
M-N
M-N
122
107
A-O 1004
A-O 101
A O 1034
M Bge Ter gu g 58.1930 A-O
Tex & N O See So Pac Co
Tex & Pac E Div Ist g 6s 1905 MS
St
.
A-O
r ebo & N See M K & T
1 er A of St L l8t g 44s. .1939 A-O
1990
lstgug4s
Kan<fe
1917
Ist gold 48
1271413514 Tol P <fe
pr Uen g 3 48. 1925
Tol St L &
1950
50-year gold 48
106 1114
Tor Ham & Bull Ist g 4s. /il946
Delist
cong
OS
1928
IIOI4II4
Ulster*
n Pao RR & 1 gr g 4s. .1947
27 100 104
1947
Registered
1911
1st Uen convert 48
103 1064
1911
Registered
Ore Ry <fc Nav con g 48.1946
Ore Short Line l8tg6s.. 1922
1946
Ist consol g 5s
134 13414
4s & participating ....1927
1908
Utah & Nor 1st 78
10 llOVt 1184
'02
111
87
91
91 Vi Sale
Seaboard Au- Line g 43... 1950
Coll tr refund g 58
1911
Seab & Roa l8t 58
1926
Car Cent 1st con g 4s. ..1949
8her Shr & So Hee M K & T
Sil sp oca & G Hee Sav F &
Sod Bay & So Ist g 5s
1924 J.J
So Car <& Ga Hee Southern
So PacCo— CoU trg4'<ja..l905
Gold 48 (Cent Pac coll).fcl949
Registered
/tl949
Ist gugSs
1941
A<fc N
Cent Pac Ist ret gn g 48 1949
Registered
1949
Mort guar gold3>a8..fcl929
111
Hange
5
33 jn
Last Sale
Utica
105
123
108
981a
10919
W
N E
Cal l8t gu g 6s
1907
Guaranteed gold 5s
1938
Ore <fc Cal Ist guar g 5s. 19
SAifc A Pass 1st gug4s. 1943
SoPot Argul8tg68...cl909
1st guar g 6s
cl910
S P of Cal 1st g 68
1905
Ist g 68 series B
1905
lstg6sseriesC & D...1900
Istg 68 series Kifc F...1912
Isl gold 63
1912
1st con guar g 58
1937
Stamped
1905-.. 1937
S Paoof N Mex Ist g 6s. .191
S P Coast Ist gug 48.. ..198
1905
Tex & N O Ist 78
Sabine Div Istg 6s
1912
Con gold 5s
1943
Southern— 1st cong 5s
1994
Registered
1994
Mob <fc Ohio coll tr g 4s.. 1988
Mem Div Ist g 44-5s... 1996
1951
St Louis div l8t g 4s
1918
AlaCen R Ist g 6s
1948
Atl & Danv Ist g 48
Atl & YiMl Ist g guar 4s. 1949
Greenv
1st
1916
63
Col &
E T Va & Ga Div g 68..1980
1956
Con Ist gold 58
E Ten reor Uen g 5s
1938
1922
Ga Pac Ry Ist g 6s
Knox & Ohio 1st g 6s.. .1925
1915
Rich & Dan con g 6s
Equip sink t'lindg 58.. 1909
stamped
1927
Deb 5s
Rich & Meek 1st g 4s. ..1948
So Car <fc Ga Ist g 53.. ..1919
Virginia Mid ser C 68.. .1916
1921
Series D 4-58
1926
Series E 58
1986
General 5s
1936
Guar stamped
Ist
oy
gu
.1924
4s.
O <fe
West N C l8t con g 68.. 1914
S & N Ala 8ee L & N
Spok FaUs & Nor 1st g 68.1939
Stat Isl Ry 1st gu g 4 4s.. 1943
110141134
M
W
<fc
120
30
114
1920 J-J
. .
W
Bcioto Val
104«8l06
104 la Oct '03
122 Sep 'OS
77»4
<fc
Registered
1936
St Lotus So Hee Illinois Ceut
Ist g 4s Od Ctl8.1989
St L S
2d g 4s inc biiSnd Ctf8...pl989
Consol gold 48
1932
A
N
1061a Sep '03
10518.
1231a.
110»8.
81 la Sale
115
K C FtSdt M conges. .1928
K C Ft S M Ry ref g 48 1936
WUl S tf Ist
St P <b Nor Pao
106 »8.
October
eelc's
W
W
L <is Iron Mount aee M P
L K C <fc N Hat Wabaali
8t L, M Br aee T RR A of St L
St
St
It
Kange or
Wirt
>
N YTdfcMex gnlstg43.1912
J'ne'03
107'-jSev>'0
116
104
Meek Hie Southern
1939
BloUr West Ist g 4s
Vontinved
No of
106^.
AO
&
f
1st gold 63
May'OO
/Yice
tridav
Ask Low
Hiuli .No Lotij Htqiit
Htfe TClslg5sinlgu..l937 J-J '1114
1104 1113^ 20 IO834 112
Consol g 68 int guar. ..1912 A-O 110 4 Sale 1104 1104
1 109
112
Geu Bold 4s int guar.. 1921 A-O 89
91
90
90
4
90
94 18
Waco «t N div 1st g 6s 'oil M-N
127 4 Feb '02
Morgans La & T 1st 78.1918 A-O 122
180 Nov'02
1044109 4
109>v
117
187
1997
Hegistered
Jersey Ceut coll if 4!*... 1901
Rensdelaer •Sn Sar He^ U i& U
Riub db Uau Hee Soatli Ky
<to
—
Southern Pao Co
Nov'97
1091a
.
94
&
Boch
STOCK EXCHANGE
Week ending October 30 5C
112^4 Mar'OO
.
118
W
aqac
[Vol. lxxvii.
N. Y.
,
ftl921
Pitts Kl
•& Cli 6V* Penu Co
Pitts Juno Ist gold tJa
19'J2
Pitts* L Krieau g 68...al9-J^
Pilts McKees
V i^etH V Ceu
Pitts SU <fc L E 1st g 58...194l>
Ist oousol gold 6s
1943
Pitt«<b West 1st t; 4s
1917
J P
<& Co oertis
Pitts Y
Ash Ist cou 53.19'J7
1997
Heading Co gen g 4s
106
102
.
106
l8i consol KoUt 3s
19^9
Pt Hiirou Div l8l g 68.1939
Sat; Tus .& H Istym K 48. 1931
M
ASK Low
Bta
106
100
g 6s.l9-J0
Pine Creek reg guar t>3...193"J
Pitts Cin A St L, See Penn Ci>
Pirts Clev Ji Tol 1st K 0S..19J-.
Last Sal«
4
BOMIA
JCange
Since
or
,
ifc
Kol.Ui-js
30
,
Suu * Lewis 1st s43...1i)oi;
U N J K K Cau s*U 43. 1944
Peusuculii >)e Atl Uee L<& Nash
Peo * Kast AVe C (J C <fc St L
PtK)^ Pek Uu l8t g63
1921
•2il
October
Kange
104
98
109 la.
DKK
Per*
WeeKfs
ftiday
—Concluded—Page
112
110i4Feb'03
105 Feb'03
1064
108
10434 Sale
104
1064
Oct '03
1014 10434
102 4 Dec '02
IIOI4II2
105
105
103
109 7g
100 1034
Oct '03
117 224 113 118
10')
FA 1054
1004 39 1034111
100 10178
Debenture series A
1939 J-J
1014 Apr '03
1939 J-J
65 4 Sale
Series B
54
57 943 514 8434
Ist lien equip s fd g 5s. .1921 M-S *
1014 104 4 Dec '02
107
Det & Ch Ext Ist g 5s.. 1941 J-J *1074
1074 14 106 10979
*
Div
84
Istg 48. .1989 J-J
97 May'02
Des Moin
1941 A-O
80
84 J'ne'03
81
854
83
Om Div Ist g 34s
Tol&ChDiv Istg 4s... 1941 M-S 92
98 Mar'02
ibs" 1094
1094 Mar'03
St Chas Bridge Ist g 6s. 1908 A-O
Warren See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O <fe
114 1184
Pa Istg 58.. 1937 J.J 116 .... 1154 Oct '03
WestN
9579
gold
3-48
1943 A-O
95
957j,
Gen
96
9441011a
rfl943 Nov
30 ....
40 Mar'Ol
Income 58
West No Car See South Ry
West Shore See N Y Cent
1«6 108
108 J'ly '03
VaCentA P Istg 63. .1911 J-J 106
112 1164
Wheel's <fe L E Ist g 5s. ..1926 A-O 110 .... 112 '8 J'ly '03
113 Sep '02
Wheel Div Ist gold 6s.. 1928 J-J 110
110 110
Exten <fe Imp gold 5s... 1930 FA 108 .... 110 Mar'03
9334
1949 M-S
89 ....
90
11 85
90
Isl consol 4s
Wilkes & East See Erie
WU & Sioux F iSee St P & M
Va<fe Southw't 1st gu 58.2003 J.J
1939 M-N
Wabash 1st gold 5s
2d gold 5s
1939
101
101
11634 Sale
115^8
8938 Sale
894
8934
1021a
1024
W
Y&
W
10141094
Winona &
1044105
Wis
M
NW
P
See C <fe
Cent 50-yr 1st gen 4s, 1949 J-J
St
60
86
924
.»ll.SCEI.,LANEOUs> BO.NU?»—Concluded.
AlnnulnctuiinK tfc Industrial
Am Thread l8t col tr 48. ..1919 J.J
Bar <fe S Car Co lat g 68. ..1942 J-J
Consol TolBiCCo 50-yr g 48.1951 F.A
DistdSecCorconv lslg58.'27 A-O
DistiU of Amer
g os. 191
1910
lU Steel Co deb 63
Non-conv deben 5a
1913
Int Paper Co 1st con g 68.1918
coll tr
J-J
J.J
A-O
F-A
K nicker Ice (Clue) Ist g58.'28 AO
Lackaw Steel Ist g 58
1923 AO
N at starch MfgColstg 68 1920 M-N
Nat Starch Co s deb 68.. 1925 J-J
Btan Rope A T Ist g 68... 1946 F-A
Income gold 58
1946
D 8 LeathCo8fdebg6s..l913 M-N
lyiiHcellaneous
.... .
77
8 Shipbl'lgcoU
Ist 8 I 58 g "A"
<&
mge
58. '22
FA
J'ne'03
78
80
1948 M-S 102
Adams Ex col tr g4s
Am Dk & Imp 5s See Cent N J
Am SS Coot WVag5s.... 1920 M-N
Jan '00
55 4 Sale
5409
56 264 514 6734
B'kl'n FerryCol8lcon8g58'48
6178 Sale
60
62 8h HI 58
77
Chic Jc & St Yard col g 6s. 1915
99 Sep '03
9834 100
Det M <fe M Id gr incomes. .1911
99 Jan '99
93
Hoboken L<fe I gold 58.. .1910
95
" 100 May'02
Mad Sq Garden Ist gos.. 1919
106
101 ibe 106
103 110
Man Bell H & L gen g 48. 1940
93 Feb'03
93
93
.
"93 'Sale'
90
I
CT
78
105
.
.
iio"
84
24
92 4
94
90 Oct '03
69 Sep '03
344
35
13*
110
91
17e
110
Jan '03
914 974 Newp Ne Ship D D 58 </1990
N YDock 50yr Istg 4a.. 1951
8978 95
80
St Joseph Stk Yds 1 st 4 i-ii 1 980
68
Prop
St L Ter Cupples Stat'n
34 4 68
Co l8tg44s 5-20 year. .1917
14 184
10838 1144 S Yuba Wat Co con g 6s.. 1923
Sp Val Wat Works 1st 6« 1906
91
91
<fe
.
103
FA
J-J
AO
M-N
M-N
M-N
1004
77 4 Sale
6 1014106
10034 J'nc'02
Mar'03
Mar'Ol
73
111
754
8534 154
904 91
76
954
Feb '02
50
J-J
F-A
78
72'
904
894 96
904
J-J
iS-
USRedife Ref Istsf g 68.1931
23
1932 J-J ;::::::::::; 25 4 J'ly '03
80
C S Steel Corpcoltr2d 6s. d'63 M-N 71 4 Sale 71
72 4 3249 6734 87 "b
,^0 price Friday; latest bid and aaked. o Due Jan 6 Due Feb c Due Mar d Due Apr
tf
Due J'ne
/i.
Due J'ly
A;
J-D
J-J
MS
1004.
104
104 J'ly '03
ii34J'iy'oo
79 Aug'03
Due Aug p Due Nov
9 Due
Deo
79"
<
104
"sis'
Option sale
— ———
J
.
Oct.
THE CHRONICLE.
31, 1903.]
Securities
4Jn««
Volume
Business at Stock Exchansi;es
of
AX TH E -NEW YOKK STOCK
'rK.A_N':lAOTIONS
Week 'nding
Oet au
•stocks
far
Sh ares
jyiKi
Sataritay
121.301
Monday
.S59,504
7-22.471
Tuesitay
Wtxlnosilay
Thursilay
HaUs
Bonds
$1,362,000
2,789,000
4.700.000
38.i>-2(>.950
2,83:!. 500
25,134.400
15,009,200
2,118,500
1.703,500
$5,000
2,000
':i6,7oV)
12,000
$15,61-2.500
$49,700
January
1
to
Oet
1903
1902
1903
1902
135.077.169
2,268.483
$191,397,300 $214, .590.700
Par value
$3,400
Bank shares, par..
;i;3,400
2,05-^,212
Stocks— No. sUares
155,658.074
$l2,04;!.2:>5,07r> $14,711,077,100
$68-2,900
$421,000
$9,331,560
430.100
559,673.800
$1,117,400
3,330.900
705,039,450
BO.VD3
$49,700
Qorerumeot bonds
$'ii'oo6
State bonds
BK. and mis. bonds
$15,5"i2l5'o6
Total bontls
$15,562,200
9,347,000
$569,341,450
$9,358,000
$770,093,750
DAILY TBANSACrXOXS AT THE BOSTON AND JPHILADELPUIA
EXCHANGES
Week ending
Oet 30
1903
Saturday
Monilay
...
Tuesilay
Wednesday
Thursday...
Friday
Total
Phliadelphia
Boston
Bond
Unlisted
shares
Listed
thare"
Unlisted
shares
Listed
shares
sales
23,547
45.184
24.618
10,102
11,341
7.709
8,858
16,311
10,729
5,003
0,300
2,578
10,000
16.500
52,000
42.000
27,000
17,000
$4,134
132.561
50.945
$164,500
55,263
sales
2,208
3,576
$33,500
141.200
140,200
95,000
57,300
82,700
22,001
$549,900
.-^,310
Outside Securities
A
Weekly Review of Outside Market will be found on a preceding page.
Street KaiUrnys
Bid Ask
NEW YORK CITY
33
35
Bleeck St & Ful V stk 100
99^2 100
lIl8tmort4s 1950 ..J-J
242
245
Ave
stk
. 100
7tli
B'y
<fc
H
100 Vj
lllst mort 5s 1904 ..3-D 100
104 105
l[2dmort 58 1914 ...J
Exch
list
Con 5s 1943 See Stock
B'way Surl Ist 53 gu 1924 5107 110
99 lOOVj
2d OS int as rental 1905
266
IJCent'l Crossl'n stk. .100 205
...M-N
ni8 120
UlstM 68 1922
stk.lOO
205
210
&
E
K
PkN
HCen
180 190
flClir't'r & 10th St stk 100
Colife 9tli Ave 08 See Stock Exch USt'
.
Dry
D E B & 3—
5l8t gold 5s 1932. ..J-D 111
F-A
98
ijSorip 5s 1914
Avenue 3t. . . 100 405
fl Eighth
....F-A
105
HScrip 68 1914
410
fl4-2dcfe Gr St F'y 8tk..l00
& St Av 100 70
l|42d St
lllst mort 6s 1910 .M-S 105
90
1}2d income 6s 1915 J J
Lex Av & Pav F 5s See St k Exc
M
N
114
100
410
106
415
75
108
95
list
X list
X list
Metropol Securities See Stk E
Metropol Street Ry 6'ee Stk E
Ninth Avenue stock. 100 190 200
Second Avenue stocklOO 205 210
103
IJlst mort 53 1909 M-N ^02
112
ConsolSs 1948.... F-A
180
HSixtli Avenue stock 100 175
Sou Boulev OS 1945.. J-J no8 109
So Fer 1st 5s 1919. ..A-O no5 108
Third Avenue See Stock Exch list
P <fc 5s 1928 107 108
Tarry
YkersStRK 53 1946A-0 108 109
116
28tli & 29th Sta Ist 53 '96 §110
405
IfTwenty-Tli'd St stk 100 402
102 103
J-J
Deb 5s 1906
Union Ry 1st 53 1942 F-A 115 116
Westchest Ist 5s '43 J-J 108H- 109
mo
W
M
BKOOKLYX
Allan
Ave
53 1909. .A-O
99
106
i
A-O
53 g 1931
Impt 58 See Stock Exc hUst
Con
W E 03 1933. .A-O
Brooklyn City stock... 10
BB
<&
Con
53
See Stock
Exch
BklD Crosstu 5s 1908. J-J
Bkn Hgts Ist 5s 1941 A-O
BklnQCo&Sub
See Stk
99
231
102
109
103
235
list
103
105
Exch
106
103
Kings
Co. Elevated—
Ist 43 1949 See Stock Excli Ust
Nassau Eleo pref
100
84
68 1944
AO 109 112
1st 4s 1951
See St k Exc h list
N Wb'g<fe Flat 1st ex 4128 lUO
Stein way Ist Os 1922.J J ni±
116
OTHER CITIE3
Bnftalo Street Ry—
Ist consol 58 1931. .F.A ?112
113
Deb 63 1917
A.O {105 106
Chicago City Ry stk. 100 165 170
Chic UuionTrac See St'ck Exch list
Cleveland City Ry
loo
Cleveland Electr Ry.ioo
6412 68
Columbus (O) St Ry..l00
84^2
Preferred
loo 100 IOII4
Colnm Ky con Ss See Pli Ua Usl
Crosst'wn l8t53'33.J-D 108 1091a
Detroit United Ry .See stk Exch Ust
{
Bayer pays accrued
Preferred
interest.
100
100
Bid
Ask
42
83
50
86
IniUanapoUs St Ry See PhUa
J C Hob & Paterson..lOO
10
43gNovl 1949. ..M-N 05
list
18
Lake St (Chic) El stk. 100
4
1st 5s 1928
J-J i
HLouisv St53l930..J&J ni2
Lynncfe Bos 1st 5s '24. J-D §111
Minneap St Ry os See Stk Exch
NewOrl RysCo
100
Preferred
28
100
41^3 1952
78
J-J
North Chic Str stock. 100
98
18
North Jersey St stooklOO
70
48 1948
....M-N
Pat Ry con 6s 1931. .J-D §121
2d 63 1914
A-O 5102
Rochester Ry
74
100
Preferred
96
100
Con 5s 1930 See Phila Ust
2d 5s 1933
J-D noo
92
So Side El (Chic) stk. 100
99
Syracuse Rap Tr 5s 1946
UnitRys(StLTrans) 100
14
61
Preferred
100
!
Oas-.lOO
70
i:!6
8
49
12
63
92
85
95
"vn'
87
97 >2
38
85
Telephone
78
82
U Amer Teleg & Cable 100
95 100
Bell 'I'eleph of Bullalo 100
94
100
llCenti-al * So Amor .100
ChesA PotoTeleplL.lOO 3.->
58 1909-29
J J 103 14 105'
145 165
llCiiiiiniercial Cable ..100
Commer Un Tel (N Y).25 115
82
Emp & Bay State Tel 100 78
53
47
100
FrankUn
100 110 120
llGold & Stock
114123. 1905
80
90
Hnd.son River Teleph 100
liNorthwestern Teleg. 50 120 125
>2
1|N
N J Telepho .100 142 150
58 1920 See Stock Ex Chang e Ust
75
Pacilio & Atlantic
25
81
Providence Telephone. 50 t
103
llSouthern <fe Atlantic 25 100
6
Tel Tel <fc Cable ol Am 15 t
100
115
113
NY
Am
Am
UBarneyA Sm Car
CTTIKS
46
Light & Tract. 100
52
84
Preferred
87
100
Baltimore Consolidat See Bait list
50
Bay State Gas
\ h^
Biaghamton Gas 5s 1938 i 93
95
4
Bultalo City Gas stocklOO
5
1st 58 1947 See Stock Exch Ust
Exch
Y
Stk
Ust
Chicago Gas See N
90''«4
90
Cincinnati Gas & EleclOO
98
99
Col Gas L & Heat comlOO
9712
98^4
Preferred
100
Consol Gas (N J) stk.lOO
85
1st 5s 1936
J-J
89
Amer
1st 6s 1904
TTDetroit City
Essex
M-N
Gas
50
Hudson Gas 100
{100
101
t
89
Fort Wayne 6s 1925.. J-J
66
UGas & El Bergen Co 100
Grand Rapids Gas
F-A noo 10234
Hist 53 1915
47
50
Hartford (Ct) Gas L...25
58
Hudson Co Gas
100
60
OS g 1949
See Stock Exch Ust
Indiana Nat <fe 111 Gas
l8t 63 1908
M-N
53
58
Indianapolis Gas stock 50
70
1st 68 1920
M-N ?
105
<fe
37
62
1
t
Price per share.
t
4>2
32
12s
Preferred
Preterred
3
50
100
100
Preferred
Eloctro.l>iieuiu'ioTranlO
Empire Steel
100
Preferred
loo
llGeneral Chemical ..100
11 1'reterred
100
Gold Itm (Jopper
1
Uorham Mfg Co coin. 100
Preferred
100
Greene Consol Copper.lO
Guggenheim Explorati'n
lackensacklM eadow.^tl 00
Hall Signal Co
100
Havana Comiiierclal.lOO
Preferred
lOO
Havana Tobacco Co. .100
Preferred
100
Heoker-Joiies-Jew'l MIU
IH
1>«
7
11
1
6
9
V
9
4«
60
94
r
67
100
"4
125
125
f
16>4
115
9
1
164
125
11
35
85
15
35
21
40
95
100
8
15
20
lsl68 1922
M-S
Herring. Hall-Marvin 100
1st preferred
100
2d preferred
100
Hoboken
4>4
327,
129
15
20
46
17
43
100
Electric Lead Reduo'u.50
Laiidcfe
1
3
30
40
4
8
.
,
IinplOO
NewBmnsCannelCoal
Railroad
Buffalo* Susq pref ...50
35
87
Ust
Chic Peo & St L pref. 100
Deposited stock...
4
8
28>2
Undepositcd stock
10
15
79
Prior Uen g 4 i^s'SOM&S {102
106
100
88^2
Con mtg g 58 1930. J&J
82
21
Income 5s 1930
20
25
72
Ch R I €& Pac 58 See Stk Exch Ust
125
Brieconv4sAprl'53A<feO { 85
87
Mex Cent deb 3-48 (w 1).. 62
7434 Northern Securities.. 100
8734
87
98
Pitts Bess&LE
32
50 t 30
Preferred
74
50 t 70
105
30
Va & South westorn.. 100 20
93
Am
(J City)
100
100
200
M-N {102 105"
YA
1158 1910
Houston Oil
100
2
5
Preferred
10
100
25
Hud.sou Realty
100 115
Interboro KT (full paid)
83
87
140 145
I nternat'l BankingColOO
Int'n'l Merc Marine. 100
43j
Electric Companies
17
Preferred
100
18
Col tr deb 4 '2l922op'07
85
Chicago Edison Co. ..100 133 140
10
Edison Rl 111 Brk 4s N Y Stock Exch International Salt
100
11
35
37
Gen El deb g 3138 SeeSt'k Exch Ust
1st g 58 1951
International SUver.lOO
15
Hartford (Ct) Eleo LtlOO 225
Preferred
25
35
HKingsCoElL&PColOO 150 170
100
105
99
Narragan (Prov) El Co 50
let 6s 1948
J-D
John B Stetson com. .100 150 170
N Y& y El L&PowColOO 35
65
75
Preferred
100
Preferred
100
100
130
Kitchener Gobi Minlng.5
Rholsl ElecProtecColOO
20
63^
21
Lanstou Monotype
United Electricof N JlOO
20
7Hj
60
60 "2 Lawyers Mort Insur.lOO 150 160
4s 1929
J-D
Lawyers' Title Ins. ..100 270 280
Ferry Companies
31
32
LightFuel<feP of WValOO
Brooklyn Ferry stocklOO
4
6
IlLoriUard (P)pref ...100 110
12
B& NY Ist 6s 1911. J J 105 108 Madison Sq Garden. .100
Con 58 1948 See Stock Exch Ust
2d 6s 1919
M-N 60
82
Manhattan
Y
E
R
Perry
78
Transit
N &
stk.lOO
20
95
5
Ist 58 1922
Mex Nat Construe. pflOO
M.N { 90
9
N Y <fe Hob con 58 '46.J-D 103 104 Monongahela R Coal.. 50
27^2
Preferred
Hob Fy 1st 58 1946 M-N {104 108
50
102 »a
N Y<fe N J 1st 5s 1946. J-J 97 101 Mosler Safe Co
100
40
00
National Carbon
15
18
lOth <fc 23d Sts Ferry 100
100
100
Preferred
Ist mort 58 1919. ..J-D { 97
85
100
19
30
35
20
lINat Enam <fc Stamp 100
ITU niou Ferry stock .100
73
80
94
UPreferred
100
lllst 5s 1920
M-N 91
National Surety
90
100
.
Consum Gas
Crucible steel
Electric Vehicle
100
101
Industrial and iUiscel
15 Hi
63
Alliance Realty
100
Gen 4s 1934....SeeStk Exch Ust
HAUis-Chalmers
100
UnitRys San Fran SeeStk Exch list
HPref erred
100
Wash Ry & El Co
9
lOU
11
IJAmer Bank Note Co. 50
39
"2
Preferred
40
100
American Can com. ..100
43 1951
J.D
72
72\
Preferred
100
55
60
American Chicle Co.. 100
H West Chicago St ....100
UCong 58 1936.... M-N i 74
85
Preferred
100
American Elevated
Gas Securities
Amer Graphophone...lO
Preferred
10
NEW YORK
Amer Press Assoc'n.lOO
Cent Union Gas Ist 5s... {104 106 12 Amer Shipbuilding. . 100
Con Gas (N Y) stk. See St k Exc h Ust
Preferred
100
Equit Gascon OS 1932 See Stk E X Ust
Soda Foun com.. 100
HMutual Gas
100 200 300
1st pref erred
100
New Amsterdam Gas
2d preferred
100
Ist consol 5s 1948.. J-J 104
105
American Surety
50
G EL H<feP See Stock Exch list
Strawboard 6s... F-A
N Y <fe East River Gas—
Amer Tobacco com... 50
Ist 53 1944
J-J no9,\ 111
HPref erred
100
Consol 58 1945
108
J-J «105
Typefo'rs com... 100
Nor Un Ist 53 1927. M-N no2 106
Preferred
100
133
IJStandard Gas com ..100 125
Amer Writing Paper. 100
llPref erred
100 150 158
Preferred
100
M-N §110 112
Ist 58 1930
53 1919
J-J
OTHER
Ask
JiiU
IIDiamond .Match Co. 100
Dominion socuruies. 100
Electric IJoat
100
72
list
50
Providence Gas
St JosephGasSs 1937..r..l
Stl'aiilGas Gen 58'44M-!-;
.Syracuse Gas 5s 1940. J -J
United (iastfeElecN J 100
Preferred
1,
HPreterred.-
05
Coii.^ol
'•J
853.1
i
list
Bklyn Rap Tran See Stk E.KCh hst
J-J 5 76'2 78
Ref g4s 2002
UConey Is. & Bklyn ..100 350 375
Ist cons g 43 1948. .JJ
95 100
BrkC& N 6s 1939.J-J 110 114
6r St&Xew 1st 53 '06 F.A 100 102
Gr'pt .feLorimer St 1st 6s
Street Railways
Grand Rapids Ry
16
98
109
53 1948 See Stock Exch
110* IiiilO Natifc ni .100
J-D
1.3t 63 1926
.>li-<cfl
.
Bond,
1,099
6,280
5,528
7,707
17,550
12,459
8,040
5,307
12
97
i
and
Tobacco
100
275
oiitiiiental Tobac deb 7s {lOOH) 102
Crami)s' Sli & En Bldgloo
20
5
10.«
tiO
Tcleirr &;
30
Jfnc York Stock
Exchange
100
liitluslriiil
.lA
Con.sol
A.O 1100
A-O
A
81
Lo!,'AWabVl.'<t0s'25.J-I)
51
.Maduson Gas Os 1920.A-O {106
Newark Gas Os 1944. Q-J {135
Newark
vattie
Week ending Oot 30
at
Bonds
50
IOC
ULrtcloile Gas
lOli
1i l>rerorri>d
0s'24.M.>'
lj)ifay'(H!aslst
o s
State
Bands
2.053.212 $191,397,300
Total
liXCliA^ittli
<tc
$10,987,900
84,125.900
67,r> 18,950
413.712
274,139
107.022
Krlilay
Jiailroad
Bid
Jackson Ga3 Co
,)SK 1937
Kansas City Gas
153 1922
WEEKLY AND YEAKLY'
DAILY.
1523
Sale price,
1]
...100
Preferred
Bliss
Company com
Preferred
Bond& Mtg
100
50
50
Guar. ...100
Bordeu's Cond Milk.. 100
Preferred
100
Camden Land
3
Go
100
Cent Fireworks com. 100
Celluloid
Preferred
;
100
Central Foundry
100
Preferred
100
Deb 68 1919 op 'OIM.N
Century Realty
100
Chesebrough Mfg Co lOU
Chic Pneumatic Tool. 100
1IClatiin(H B) 1st pref 100
52d preferred
100
flOommon
100
Col & Hock Coal<fe I pf 100
1st g 5s 1917
J-J
Compressed Air Co... 100
Consolid Car Heating 100
IJCons Firew'ks com .100
HPref erred
100
90
8^2
47
214
100
9
85
50
2V>
80
23
104
85
4
5
27^4
95
42
45
N Y Biscuit 6s 1911. M-S
NYMtge& Security. 100
105
100
UPreferred
100
N Y Transportation... 20
Nicholson File Co
100
15
41
110
125
20
3
UNew York Dock
41.,
Ontario Silver
Otis Elevator com
100
100
Preferred
100
Pittsburg Brewing
50
Preferred
50
Pittsburg Coal
100
Preferred
100
Pitts Plate Glass
100
Pratt &Whitn pref.. 100
Procter & Gamble. ...100
Preferred
100
Realty A.ssoc (Bklyn)lOO
Royal Bak Powd pref .100
If
t
6
25
27
79
25
7
2434
4II4
20
64
100
95
367
198
105
6418,
100
380
200
108
97>2 99
t
Seminole Mining
t
Simmons Hardw com 100
6
4
78
t
RusseU & Erwin
25
Safety Car Heat & Lt 100
5
63
165
61
158
I4
95 Hi
100
2d preferred
100
Simpson Crawford Co 100
25
75
90
Deb 3 f 6a '24 op '05.. J-J
30
Singer Mfg Co
100 300
312
93 '4 Standard MUling Co. 100
10
2
4
Preferred
100
65
75
68
5s
14
17
Standard 6u of n'j ! 1 00 685
25
160 165
Standard Coupler eomlOO
92
Preferred
100 115
i«
250
Storage Power
50 t
126
Swift & Co See Boston St k Exc
30
32
1st 5s 1910-1914. ...J-J {100
90
93
Tennessee Copper
25 t 2914
2I2
21.
80
1ITexas<fe Pacific Coal 100
11
1st 6s 1908
A-O {106
12
67^2 69
Title Guar & Trust ...100 410
18
20
Title Ins Co of N Y..100 140
10
110 120
TrentonPotteries com 100
79
Preferred new
140 100
100
140 160
Trow Directory new.. 100 75
«Q
10 t
280 300
Union Copper
85
115 117
Union Switch <fe Signal 50
Preferred
50
105 108
Union Typewr com.. 100 100
^
t
100 103
114 115
1st preferred
100 103
2d preferred
12
20
Unit Box board* Pap. 100
2h
60
50
7
18
100
1% Preferred
1
100
9
U S Cotton Duck
7
52
48
U S Envelope com. ..100
60
100
UPreferred
105
US Light* Heat.... 10
440 460
29
28
UU S Red & Refining .100
UPreferred
100
95
90
90
95
UU S ShipbnUding ...100
100
UPreferred
98
90
Bonds— See Stock Exc hlist
65
00
84
80
U S Steel Corp new 5s See Stk E
^2
Col tr 8 f 5s '51 opt '11 .. 5101
70
Coltrsf 5s '51not opt.. {101
60
1
Tobacco... 100
Universal
25
15
2
100
Preferred
65
55
33. West & Bronx T &
Gu 150
1'2 Westingh Air Brake. .50 130
Knob
Mining.
10 t 10
White
10
6
10 Worthing Pump pref .100 108
75
23
85
.
!
M
5
167 la
NorAmLum'r&PulplOO
Preferred
8
3
10
UNew Central Coal
20
New Eng Consol Ice. 100
115
120
30
85
;
340
5
19
70
690
35
130
°o
h'ge
lOlHj
30 Hj.
90
110
430
150
12i»
82
85
J
:
J
!
105
105
105
105
I
I8\m
2
20
70
'
'
X liati
102
.
102
2
5
160
Cons Ry Ltg&Refrig.lOO
Consol Rubber Tire.. 100
11
Debenture 4s
110
Cons Storage BatterylOo
a Ex rights.
U SeUs on Stock Excliange, but not a very active security.
BOSTON STOCK EXOHA.NGE-Stock
iShnre Prices
Monday
Saturday
nt-t 34
Oft
Oct.
65 >« Bo's
ee'-j
*S9'4
•246
•23o
•167
•171
-210
•
-Jits
250
140
236
170
170
T^tesdav
\
-Jfi
26
— Not
Oct '37
^7
Oct.
I
66»4
67 »4
68
00
89*4
3934
It'O
140'-j
2S6
170
249
I'er
67
90
Thursday
Oct. 29
6712
66»4
671*
90
140 >2 14034 •1401414034
•237 240
239 239
169 170
170 170
140*4 140*4
9 239 S;
•.':•!
170
171
Last Sa
296
136
•136
296
'295
141
136
lYidav
30
300
136
296
295
136
296
145
136
le
l-iOO
145
Last .Salt
.1S8
138
18S
137
45
138
•40
138
45
20
20
>I66
•lS-8
77*3
lOV:
19'^B
.133
•40
45
'9V2
10
•9>a
195
195
195
195»4
•213
•200
•75
•73
•37
*]5
226
22 "2
222
222
77"
74
42
•90'
70'
•84'
•16i:
78
201
76 Sj
73
42
7613
•72
7076
34 7g
84 4 84 >a
91"
•90
•109
"90"
201
77
74
•15
78
78
•90'
95
72>Q 724
95
10
195 Si
-96" 95
721a 73I4
8478 85
'
•90 "91"
109 1« 110
'90'
'109
230
230
'137
138
Last Hale
Last .Sale
-20
18-s
li'Si
78
•91a 10
7iiS!
77
'9S3
10
195 14
19538 19512
195
230
201 202
*76ia 78
•71 la 73
•33
42
•15
78
•96" 95
72% 72 V
•84 la 85 Sj
225
-90
91
109 Si 110
•90
91
•109 Sj.-..
'•J'Jo
•15
•
•
195
••200
•75
73
-19
78
19 >a
77 Sj 77 Vj
73
lOii
•137
•40
193,
Last Sale
170
280
138
45
280
137
-40
135
135
185
•165
S;
Last Sale
230
201
201
•76Si
•72
771-^
73
LastSale
Last Sale
Last Salt
Last Sale
72
84 Si
72%
84'.i
Last Sale
Last Sale
LastSale
Last Sale
Weekly and Yearly
£ange
Salts
of
EXCHANGE
Oct.
3934 90 14
24Si-j24Si2 '243 Sj 250
250
STOCKS
BOSTOX STOCK
C'entam Prices
Wednesday
Oct. 3S
Record, Daily,
Sharei
Lowest
Highest
Kailronits
At«h Top & Sauta FelOO 1,996 54I4 AnglO
39 lo
Do pref
28 35 AuglU
100
75 244 J'nel9
243 Boston & Albany
100
140*4 Boston Elevated
334 134 Aug 5
14034
100
237
240 Boston it Lowell
100
27 230 Aug 7
172 Boston & Maine
112 161 J'ue 5
173
100
171
Sep '03
Do pref
100
170 J'ne 6
295
295 Boston & ProvulencelOO
54 290 J'lyl7
•137
Sep 21
145 Chic J unc Ry & U S Y 1 00
2 133
117
Do pref
Oct '03
100
115 J'ly 17
135 Conjfc Mont Class 4. .100
136 Oct 23
166'" Sep
'03 Conn ife Pass Riv pref 100
160 Jan 5
230
230 Connecticnt River... 100
22 270 Aug 7
137
137 Fitchuurs pvef
i-2 131
J'ly2u
100
^2
Mar'03 Houston El'trio com. 100
42 Mar 9
2 75Sj J'ly'03 Maine Ceutnil
173S2MByl5
100
-18
221 1 7 1-2 Sep 25
20 Mass Electric Cos
100
435 761-2 Oct 29
Do pref
77 Si
100
77Si
10
20 10 Si-i>23
10 Mexican Central
100
I95I4 195S! N Y X
515 tlSS
vJl
<fe Hart.. ..100
166
Aug'113 Xorthern
165
...ylj
H
100
•225
43 220 feop 25
'230
Norwich tfc Wor prenoo
•200
49 196 Aug b
202 out Colony
100
100 74 J'ly 25
78 Pere .Marquette
100
"76S»
•72
10 68 Sep 25
Do pre!
73
100
*-i
30 J'ly 15
Oct '03 Rutland pref
100
7 J'ly 8
15^ Oct '03 Savannah Elec com.. 100
SU
Fel»'03 Sfeattle Electric
75 Jan 5
100
'03
0ct 14
92
Do
9LS2
Oct
pref
100
7134
7134 Union Pacific
100 1,204 66*4 Aug 3
37 33 Si Oct 14
Do pref
100
26^14 Sep '03 Vermont* Mass
a;162 Sep 8
100
37 37SjAug 7
90
West
End St
60
90 Sj
82 108 Sep 10
110
Do pref
IIOS2
50
1634 J'ly 23
/6*4
J'ly'03 Wisconsin Central... 100
33 ig J'ly 23
3S^ J'ly '03
Do pref
100
'03
Sep 24
144
145
WorcXashcfe Roch..l00
Oct
66Sa
6634
39 Si
243
H
Range lor Frevicw.
Year (1903)
Year
lor
1903
the
Lowest
89% Jan 10
JanlO
IO314
Highest
74% Jan 96SjSep
Mar 106 Sep
95 Sj
256 Sj
149 Si
236
190 Sj
171
262 Sj Feb 4
Dec
154 Jan 5
Dec
250 Apr 8
J'ne
Nov
195 Jan 5
177 Apr 22
Oct
305 Marl3 2971-1 J'ne
157 Jan 6 150 Sep
Nov
Nov
Jan 2 123
196SjMar24 196
1-25
170
236
143 S42
ISO
Maj
66
173SjMa3
243 Apr
209 Apr
Apr
Mai
172 Mai
136 Mai
202 Jan
1 66 S; Feb
:»5
Feb
148 Mai
133
307
Marlil 160 J'ne
Feb 19 230 Oct
Feb 10 141 Dec
Mar 9 47 J'ly 50 J'n«
Feb 111 172 Jan 178 Sj J'ly
37*4 Feb 13 33
Dec 45% Apt
96 Jan 7 92 Jan 99 J'n<
23%Apr2f' 22 Sj Dec 31 Mai
225 Jan 7 210 Jau
173 Sj Mar 3 170 Jau
232 Marll 230 Jau
212SjFebl3 206 Dec
91 Mayll
63 May
So Jan 9 79 Si May
71 Jan 20 64% Dec
25 Jan 1
25 Nov
84*4 Jan 10 53 Jan
104 Sj Jan 6 103 Oct
104 Sj J an 9 93% Dec
95 Jan 27 36% Mar
178 Feb 2.-) 172 Jan
97 FeblU 92Sj Oct
116 Febl4 IHSj Dec
26% Jan 15 19 Sj Jan
52 Jan 15 39% Jan
150 Jan 14 145 Nov
254 Apr
176 Jan
38 Apr
217 Apr
85 14 Sep
91 J'ly
125i4Apt
31 J'ly
90 Maj
110 Mai
113 Aug
94 18 Aug
178 J'ly
99 Mai
Oct 12 26 Feb 11 19 Dec
Oct 3 861.4 Feb
76S! Dec
Sep
23
3
7 Mar
Amer Pneu Serv
4 Jan
12 Sep 2 b 24 Mar
Do pref
21 J'ne
3,193 107% Oct 1-i 134i4Jan 8 112% Nov
Amer Susrar Reiin
lot
403 116 Augll 12-2 Sj Feb Ih 115 Jan
Do pref
100
Amer Telep <& Teleg.lOO 2,690 lUSjOct 8 169 Sj Feb 18 155 Alar
100
6*4 Oct 15 14%Feb24
12 Doc
Amer Woolen
100
279 65 Oct 15 79 14 Jan 22 73 Apr
Do pref
100
SiaJ'ly 2
100
534 Jan
334 May
Boston Land
10
13 115 Oct 23 127 Jan 6 122 Sj Apr
Comberl Telep & Tel 100
Oct 13 62i4Jan 2 25 Jan
7
170
Dominion Iron & St
oSjOct 16
3*4 Jan 23
East Boston Land...
7 Nov
Edison Elec Ilium. ..100 "ibo 225 J'ly 24 310 Feb 17 244 Jan
Sep
403 138
2s 204 Feb 16 .,171*4 Oct
Greneral Electric
100
Mass'chusettsCrasCoslOO 1,330 30 J'ly 24 4334 Feb 20 36I4 Nov
354 74i4J'ly24 88% Feb 1
Do pref
82 Nov
100
34 164*4 AuglO 190 Feb
170 Jan
.Mergenthaler Lino.. 100
li^Oct
12
2 Sj Jan 29
Mexican Telephone.. 10
1% Dec
24*4 J'ly 10 86 Jan 2 87 Nov
N E Cotton Yarn pref 100
144 122 Oct 19 139 Jan^ 2 135 Jan
X E Telephone
100
9 Apr '24 20 Jan 6 21 Dec
Plant Comp new com. 100
237 197 J'ly 15 237 Jan 9 216 Jan
Pullman Co
100
714 Oct Js 10
65
Feb 13
6 Jau
Reece Button.Hole.. 10
24 99 J'ly 27 132 Jan 5 100 Jan
Swift <fe Co
100
25 J'uell 26*4 Jan 15 26 Oct
Torrington Class A.. 25
28 J'ly 8 2934 Jan 5 28 Jan
Do pref
25
134 Jan Vi
II4 Aug
2u:>
5 Apr21
Union Cop L'd <fc Mg. 25
427
91 Augld 111 JanlO 85 Sj Jan
United Fruit
100
657 SriSjOct 19 53 Jau '2 46 Jau
United Shoe Mach... 25
372 U7 Augll 31SjFeb
29 Jan
Do pref
25
7 Sep 30 ISigFebll 11 14 Jau
10
US Leather
100
Oct
15
80 14 Jan
7134
95Sj-May
6
Do pref
100
9 Oct )
100
18 Sj Feb 16 13 Sj Jan
U S Rubber
100
33 J'ly 27 57SjJan 9 49 Jan
Do pref
100
U S Steel Corp
100 l,0i>*5 12 Si Oct 13 39% Feb 5 29 Sj Dec
57SjOct 12 89% Jan I 79 Sj Dec
2,210
Do pref
100
100 •50 J.in 14 30 Mar 4 •72 Sj Mai
West End Land
25
Oct
10
9
28 Jan 12 22 Dec
West Telep & Teleg.lOO
711 71 Oct 26 102 Feb 28 91 Feb
Do pref
100
"26 108
Oct
Feb 2 86Sj Jan
115
67
Westing El <fc Mfg.. . 50
ao34 Oct 1 110 Jan 29 89 Jan
Do pref
50
32 Sj J'ly
91 J'ly
X
117
J'n«
34% J'ly
55 Sj Sep
152SjMaj
iHisceilaneoiis
llVj
V2\,
•ll»-j
70
7u
*
•3Ja
4
69=4
3^1
M3
3'o
14
115>8 115
•13
14
114>2ll4H!
117 "a lit*
124 124 h
14
116
lis
'k
llT^'j 117^4
124
454
67
Si
•4>4
4>«
•SiQ
•54
7s.
170
•IH
13s
123>2l23Ki
215
315
•
•123
218
218
217
•
•2
212
63
4V
•4I4
-3Sj
341,
78*4
712
8Si
67 Si
67'-j
4S2
•414
II514
*8Sj
115^4
9
9
78*4
25
•2
212
134
96
43
28
40
2734
7I4
102
25
•
3
95I4
96
95
*39'4 40
*27'a 28
218
218
218
101
102
68%
oS'^s
•70
-80
.
-75
*65
,
•SO
10
80
70
85
4
4
.
34^8
••50
•7
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••75
4
SiQ
35^4
35=B
••50
1
7
16 Hj
22
23
"2
••55
•65
•2>9
3
435
450
••07
•08
16
•6'a
1^4
•15
134
96
97
4314
273»
431,
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27-''4
465
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17'4
18
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7^2
l'<
44 >a 49
38
36
72
72
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l^aa
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6%
38
72
'108
2h
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8
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470
39
-I
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1»6
460
08
ISs
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38
72 12
110
1*4
1
i^i
11
14
60
5934
1914
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95
96
90
5
lia
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9'4
»i
100
6'a
•14
17 Hi 18^8
*4Si
37S»
••50
•7
•15
•2
4S2
5
381s
1
10
109
678
9
26I4
9
283,
2>534
3lj
7H.
3^1
8^.
3
8'a
69
IS.
* Before pay't
68
49 '2
46
38
47 Si
38
72%
72S;
110
234
19
•2
3
4*16
712
7
479
—j-
i
39%
1
lia
1234
61
19'2
4
95
334
91
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2i8
912
70
11,
r
'•87
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1834
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6
90
214
2
9
95
2
9
5Sj
96
6Si
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183^
9 '4
29
3I4
8'2
69
•1
01 asaess'ts called in
li^
1734
17^8
9 '4
914
2734
•2=8
8
68
'1
2314
3
8
68
114
7%
7%
Oct '03
7734
5918
•70
59 18
58 Sj
•80
•75
10
80
10
58*4
•75
10
70
4Sj
4»ie
4S2
4*4
37% 39
•50
1
•7
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•4
•4%
38
•50
23
'8
22
Last Salt So
Last Sale 2 Si
460
450
Sj
455
17
•634
17 s
8
Last Sale
l^ie
•16*4
8I4
I6S2
1
IV
•4
2%
38 '4
1
1
12
57
19 Si
90
5
90
"lis
2
9
97
'"i"
I
11
•56
19Si
*3Si
9%
23
2Si
7Si
9I4
'4
68
I'd
Irt
9-2
28 "4
3
8
68
'03
•75
Sep
May'oS
1%
11
60
19Sj
6
95
1%
•2
2
LastSale
17S2
7
37S2
1%
IS2
5
5
1
•85
loo
'4
7
*6Sj
•4Sj
9
•90
Last Sale 50
Last Sale 33
Last Sale TO
5
7S2
....
3d "4
lOSj
56'2
*J8Sj
-3Sj
2\
714
43l6
21*
9
100
Aug'OH
O'ly'03
Sep
13"
'03
Oct '03
17Si
9 Si
27
2%
7%
615
150
50
103
17*4
9Sj
27*4
2%
7"^
11
69
1
'i
-I-jl
Mining
Adventure Con
Am Zinc Lead
Anaconda
25
<fe
Sm. 25
1,190
(Jenteuniai
Gold..
260
auJan
3
33*4 Oct 14
Feb 9
•50
80
Jan
(J
2
Jan
8SjMar
75%Marl2
m feblo
12*4Mar21
15%.i'ly24
Sep 25
•75
•25
•45
5
•2
25
10
25
25
10
672 400
5
Oct 10 18
3
31i4Feb25
6 Is Feb 9
Apr 9 95 Marl9
"520 7 Oct 6 14i8FeblO
3,125 20i4"I^''y24 39 Sj Feb 10
10
2
Arcatban
Arnold
IH Cons Mercur
*109
7'4
.">i'
6*4 Central Oil
'03 Cochiti Tr Co rects.
LastSale 10^ Sep 'u3
40*4 48%
47*4
46 Sj
37 "4 38
37%
37%
72 S* 72%
72
72
2I4
7I4
100
50
pref
Oct '03 British Colum (Ltd)
455 Calumet & Hecla. ..
Muy'03 Catalpa (Silver)
Sep
•40
Do
25
25
25
8 Si Atlantic
23 S> BinshamConMln&S 50
'03
Bonanza (Dev Co)... 10
Oct
6*4
II16
Amer AgriciU Chem.lOO
25 1,1'28
4% AUouez
3314 Amalgamated CopperlOO 23,867
200
Amer Gold Dredging 5
1
•75
Sep '03
•75
1
bSi
23
43,
••50
7S2
7Sj
I6S2 *15Sj
LastSale
-8
Oct '03
6%
7
•37
38
3I4 LastSale
3S2
-75
•70
•87 S '70
LastSale •75
12
11
57S» 59
•85
28
6%
i*.
ISj
o-^
8%
69
1
•II9
912
6'a
28
......
28
Last Sale 35
Oct '03
•13% 13*4
I314
13 S.
••75
1
6S1
6Sj
5
5
•75
•75
II2
105
3
9
1
7
6
3818
i\
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1134
5812
1734
I
•6»4
'4Si
4I4
7
-2
••70
94
4
97
10 1 Si
Aug'Oo
Sep '03
3
97
10
'109
2=8
7
7
1
9
2912
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8
4
l^ie
110
23.
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13'a
18'a
9»8
47
38
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r
17 Si
8
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721a
7S2
Last Sale OS
11 18
3s
7212
217
101 Sj
98
43 14
27Sj 28
•15Sj
465
•634
J'ne'03
98
43
70
7S2
17
Oct '03
Aug'03
1J4
124
Last Sale 81
16
458
465
19^
IHi
97
•68
•80
10
SO
70
90
His
110
7
5
13%
90
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••07
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163^
171a 177g
•634
8
8
7
40=6
2
1
69
8
16
1^
39
90
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16
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7
16
4>4
1
38
1912
5
1
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4'4
5
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5
5
1
2^8
7
59
18
1
8
7
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90
5
3713 39 18
38
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7
70
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81
67
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8
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6%
6
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67
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4=8
47^1 51
I
2'4
7*3
60
70
67
85
14
59 14 5934
1334
1438
6014
1414
73
Last Sale 2oKi
Last Sale J8
••75
1
1
1
•25
••25
•50
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'•25
8I4
8>2
8>4
8Si
8S
2334
23
23 "a 2436
23
23
••50
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14
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••70
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10
751a 82
07
'80
1
•50
•25
14
34S2
174Sj
7Si
10
137g
34
78
•173
x217
LastSale
1379
235
147
124
'
4 Si
Oct '03
235
150
Last Sale ^14
Last Sale 4U
124
102
125 Sj
68 14
173
173
•lis
IOII4 102
124 Sj
-8'4
•233 235
150 152
34 Sj 3434
77 S:
7I4
13
11434
118Sj
LastSale 534
6
172Si
218
13
11434
llSSj
9
115
•
634
12
70
3S2
Last Sale 9
71s
3
96
•39I4 40
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'•77
171
218
'
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34I4
70
14
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68
234
151
234
150
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334
123
7I2
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25
102
25
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115
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6
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236 236
149 4; 151
152
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78
78
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170 170
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412
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78
170
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12
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•
12
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9
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124*4
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67
67
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•6934 71
4
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12
71
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4',743
12
Si
Oct 12 •90
Oct 13
8
J'ly
--'4
551
Feb 10 10
J'ly 24
123 Sep
185-% Apr
17i4Jan
3934 Jan
41a May
130*4 Apr
79% Aug
9% Mat
285 May
332*4 Apr
41*4 Not
87 14 Oct
190 Sep
3% Apr
93SjJ'n«
151 Apr
41 Si Sep
250
J'ly
10% Oct
177
27
J'ly
30
Oct
Jan
2SjMai
Sep
117
5714
May
33 la Apr
15
14 Sep
OlSjSep
19% Oct
62 14
4634
Mar
Jan
97SjJan
ll2SjApr
33 Si -\pr
106 Sj Apr
115Sj Apr
117 Apr
12Si Dec [24 Si Apr
434 Mar
2 Aug
Nov 78% Feb
334 Apr
Nov
6 Dec 16% J'ly
21 Nov 35 Jan
13i4Mar
3S! Jan
37 Si Dec
1
Jan
Dec
9 Deo
6
•20 Sj Jau
39 I4 Apr
53
Is
ISj
Maris 40 J'ly I'ao
20 Mar
Feb 3
10 Sj Mar
5Sj Sep
Marl2 420 Dec 650 Feb
Feb 11 10 Apr •12 Jan
31%FeblO
5*4 Sep 23
9SjJ'ly
J'iiel8 •40
•25
Sep
Sep
2",655
-J
b
1
l-"32Jau
50
934 Maj
3734 May
135% Mat
3
22
2
Mar24
Feb 13
48SjMay 7
131% Jan 10
Jan
Dec
25 Apr
Jau
1%
11
6I4
28
,u
334
'
Mar
May
Jan
i4J'ly
Oct
19134 J'ly
Continental Zinc
25
43*4 Mar 65 I4 Oct
Copper Range Con ColOO 44,038
18 14 Mar 56 J'ly
'20
1,182
Daly-West
54 Jau 146 SjSep
675 oasjOct lo
Dominion Coal
100
Oct
16
Dec 119 Jan'
6
113
ll8SjFeb
106
Do pref
100
SjMar
2 Oct -2
5 Marl
ISj Jan
725
Elm River
12
7 J'ly 23 14 Feb 9
535
7Sj Dec 1534:Feb
Franklin
25
J'ly
24
Apr
23
334
5%
600
Granby Consolidated. 10
3 Jau 12
5% Jan
730 •62S2 0ct 9
2Sj Dec
Guanajuato Consol.. 5
J'ly
15
Feb
934 Dec 25
514
17SjFeb
9
iO
1,2
Isle Hoyale (Copper). 25
18 Feb 6 12Sj Dec 2 ISj May
mo 3 J'ly24
Mass Consol
25
Sep
3*8
Mar
.75
l«
Sep
2SjJan23
ISj
50
Mayflower
„ 25
STgJ'ly^l HSjFeb 9
Nov rfl3i4 Mar
545
Michigan
25
.Mohawk t
25 2.5s7 31 J'iy'24 58 Feb 13 d27 Jau 49i4Sep
3i2Aug 5
6 Oct
8 Marl3
3 J'ly
-Montana Coal & Coke 25
2% Jan 10
1% J'ly 4*4 Mar
10 •70 Aug 6
.Montreal <fc Boston..
5
Mayl4
li8.lan^23
134 Jan
•75
Jan
1
25
National
4 Sj Mar
2SjFeb 9 75 Dec
25 •50 J'ueiy
25
Old Colony
Feb
5 Oct 3 23 1.2 Feb 9
14 Si Nov 25
Old Dominion (Cop).. 25 7,428
2o 2,414 43 Sj J'ly 24 79 Feb 9 47 Sj Nov 89*4 Feb
OsC6ol<i
Feb
J'ly
24
Nov
34
FeblU
34
21
16
Parrott (silv'<fc Copi) 10 1,337
5 May
SijAuglu
7SjFebll
3 Dec
50
Phtenix Consol t
25
Oct l.i 126 Sj Feb 6 100 Nov 147 Feb
13V. 80
25
Quincy
3i4Mar
lUOct
16
J'ue
4 Feb It
ISj
175
25
Rhode Island
4 Feb
3 Jan 23
1 J'ly 24
ISj Sep
Santa Fe(Gold & Cop) 10 2,030
8*4 Oct 15 14%-\pr23
8 Nov 13 May
10 1,370
Shannon
279 75 Jly24 190 Feb 6 140 Dec 281 Feb
25
Tamarack
3 Sj J'ne
•40 J'lyii)
l»jaFeb 9 •50 Jau
25
Tecumseh
13-% Mar 18 Sj J'ly
17*4 Jan .js 33*4 Mar 12
25
Teunes-see
70 Sep
106 Si Feb 20 dii Jan 125 Feb
25
Tnmountain
4i4J'ly2 4 14 Feb 9
8 Dec 18SjMar
25 1,941
Trinity
'26
31*4 Jau 2
27 Sep 35% J'ly
13 Oct
100
Unite<l Copper
16i4-J''y24
23 Deo
13
9
27
Feb
Si
'4 Jan
7;i57
UnitedStates Mining 2
9 Sep 'JS 17 MarUi 13 Nov 18i4J'ly
Unit States Coal (fcOil 25 1,595
19Sj J'ly 27i4Feb
4-85 19,512 22 J an -24 33%.May23
Utah Con (Gold)
7
Oct
9 Feb 9
2SjOct 14
4 Dec
390
25
Victoria
6 Aug
Jan
J'ly
114*4
Mario
24
dl
5 Sj
Winona
25 3,050
155 61 J'ly 23 77 Mar 12 42 Jan 65 Deo
25
Wolverine
2% .Marl 7 50 Nov 134 J'ly
476 •75 Oct 22
25
Wyandot
1903. dBeforepay'tofaasess'ts called in 1902. •Bidandasked-
10S2S6p-24
37 J'ly 24
3GSj Jl" 20
16
75
15
-J.
li
New stock.
tAss'tpaid. tExnghts.
oEx-div.&nghU
5.
Oct.
J
J
a
liOM>S
Sange
lYiiiati
30
Oct
98 ^
94
95
94
-
91
nil
J-J
I'JIS
.-1918
J-J
J-J
5s trust receipts
W8
Illinois
I
80 «a
J-J
.\-0
M-N
99 Hi.
lff2-2
4s
Div 3 »as
Joint bonds See Qt Northern
Chic Jc Ry .ft Stk Y«te 5s .1915
CoU trust retuiKlins '?'lsl940
ChMilcfc St i> DublJ fis.. 19201
& SC P Wis V <Uv t)8l920
Ch
Chic & No Mici l8t FU 58.1931
Chic & \V Mich gen 53....1921
Concord <fc Ment cons 4s. .1920
Conn <fc Pass R let g 4s. ..1943
1927
Cnrreut Hij-er 1st 58
KanCStJOifcC
102%
1.,
J'ne'Ol
132i4 31ar'03
Maine Cent coua Ist 7s.. .19 12
1912
Cons 1st 4s
11
115%
Mar<i Houghdij Out 1st 6.S. 19^5
97""99''A Mexican Ceutanlcons 48. .1911
Jan 1939
Ist cons inc>3s
Jan 1939
13214 132-4
2d cons ino 38
U714 Feb'03
nvmiT'.,
M
J-J
1&06
1904
1927
FrenitElk<feMoVl8t6s..l933
1933
Unstamped let 68
QtNor C B<feQ coll tr 48 1921
1921
Begister6d48
Eastern Ist gold6«
Fitohburg 48
48
SaJ«
Dec '02
May'Oa
94 >3
105
104^Oct'0»
i23"
97 Vj Sep '03
125 J'ly'03
123 Oa '03
J-J
J-J
123
M-N
J-D 106
102^2 Oot '03
105 Oct '03
109 14 MAr'02
112i4Jan'03
-D
A-O
A-O
lOO
97»al00
106 108
lOli-^J'ly'03
98 Oct '03
M-S
M-S
M-S
105 >4 Sale
105 14
.^-O
135
1946 A-O
Wlet1st6a 48... 1913
M-6
D«t Gr Kap <&
Dominuta Uo*l
98
94
100
A-O
J
99%
1061*
94
107kOct' 03
lG5>n
100%Max'02
llli4May'02
135i2Oct'03
135\!Sep'03
A-O 135
J-J
Q-J
93I4
92%
8918 Oct '03
92«4 Sale
11:5
Oct. 24:
Oct 26
Oot.
<61
621a
•641a....
•1234 131a
20^3 201a
85
85
12>a
12>3
S'*
S^a
I8S4
8^4
18»4
1334
1334
%
"i«
\
»4
•3
3%
31*
312
•66 ....
361a 37
•651a
86%
S34
3634
IM
lis
59%
36%
691a
36
36
6
•12 "« 13
22% 221a
•371a 38
30I2
•30
44
79
44
79
•61
621a
*84ia 86
»20%
81a
....
all
%
%
"is
....
37
37
86
%
14
21
•21
22
1834
3
3
3
67
67
67
1%
1%
36% 36%
1% 1%
6
American Cement
Amer Iron
American
10
Steel
50
Eail-ways...50
BeU Telephone
50
50
Central Coal & Coke. 100
Preferred
100
Consol Trae Pitts
50
Preferred
50
SanvlUe Bessemer. ..1%
Cambria Iron
Steel
Preferred
Easton Con Electric... 50
Electric of America. ..50
Elec Storage Batt....lOO
Preferred
100
Q-ea Asphal pf i£t etfs. .
Grermantown Pass
50
Harrison Bros pref. ..100
Indianapolis St
100
Inter Sm Pow & Chem.50
Keystone Telephone ..50
I^eferred
lilt Brothers
...50
10
Schuylkill
50
Schnyl H..50
Nesquelionlng
50
Haven Iron & Steel.
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel. .100
Preferred
100
liittle
MinehiU
<fc
N
Phila Co (Pitts) pref.. .50
Phil German & Norri».50
Phila Traction
50
Railways General
Snsqueh Iron
&
10
Steel..
Tidewater Steel
10
United N J BE <fe C. 100
Unit Pow & Trans
25
United Trac Pitts
50
Preferred
50
Warwick Iron<fe Steel. 10
West Jersey <fe SeaSh.50
Westmoreland Coal. ..50
•
Bid and
50
2% 3
67
&
36% SC% LehighValley
67
134
a«J^e<l
Sid
50
Ask
PHILADELPHIA
M
M
M
M
M
W
H
.
M
V
Lowest
is
ex.dividend.
;
106'8Mar'03
102^4
102-'4
lOlHiOct '03
112 JSlay'Oi
100 1« Oct '02
119 J'ly '03
105 Oct '02
100 J'ne'02
102 Mar'02
941a 961*
1021a 106
107 107
98% 1011*
941-2 J'ly '03
102 1-2 Sep '03
107 Feb'03
10034 Oct '03
92% 106
93% Sep '03
99
100%
100 Sep '02
101 Oct '02
105i2J'ne'03
105 la 108
10234 1029*
102 IO414
12 9812 105
J'ly '03
IOOI2 101
87i4J'ly'01
112% Oct
and asked.
112%1123»^
'03
If
111
98
10234 Apr'03
102
119
119
Trust Co.
otfs.
Weekly, Yearly
Year (1903)
Lowest
Highest
Lowest
Mighest
he Oot 27
Sep 28
»i« Sep 22
li8i6Sep22
64 Aug 7
35 Sep 28
1% Sep 29
Bid
t
Ex-rights,
,
72% Jan
5
62% Jan 74% Sep
Jan 12 104 Jan 126% J'ly
9 28% Jan
23% Dec 3434 Aug
9 45 Jan 2 40% Deo 65% Aug
19 14% Jan 3 13 Oct 17 Max
12
23 118
2,557
6,538
50 5,618
50 2,499
25 5,304
50
50 22,715
50
57
50
30
50 2,968
50 2,970
100
Phil Elec gold trust ctts
Trust certifs 48
M
||
102 102i«
0212 1021a
1 02 »-> 1021a
l()6H,106>a
102 12 106
101 Hz 10334
Range for IVeviou*
% Jan 10
%Sep
1
Apr
May 29% Sep
9»ieJan 2
6 Dec 36 Apr
4034 Jan 2 33 Deo 80% Apr
7934 Feb 5
65 Nov 7934 Sep
45% Jan 30 29% Nov 38% Deo
4 Jan 6
2% Feb 5"ie Oct
I4 Aug
^laJ'nelS
% Feb 18
34 J'ly
%J'ne 8
1 Feb 16
13* J'ly
he Oot
67% Sep 29 7334 Jan 6 7334 Jan 85 Sep
36 Oct 12 4734 Feb 10 43% Dec 50% Apr
5 Aug 6
9 Jan 8
3%Jan 9% Sop
10% J'ly 15 17% Jan 5
8i4J'ne 18% Oct
2034J'nel0 ;J4iiieJan 2 26% Mar 393ie Sep
36 Sep 28 44iiigFeb 6 40 Mar 45% Sep
3014 Oct 23 40% Jan 6 30 Jan 406,6 Oct
40% Sep 29 4734 Feb 16 32 Jan 4334 Feb
76 Oct 12 116% Jan 31 101% May 126 May
20 Ang28 31 Marll 24 Jan 40% Sep
18
2634
Jan 5
23
Ask
BALTIMORE
97% Chas Ey G & El 5s '99 M-S
61% Charl C & A ext 5s. '09 J-J
2d 7s
1910 A-O
City & Sub 1 8t 5s . '22 J-D
97
6»4
Al Val E ext 78 1910 A-O 116% 11634
61
P <fe E gen 5 g '20.A-O 110
AmRysconvSs 1911.J.D 9834 99
"42%
Atl City Ist 58 g '19.M-N
Gen 4s g 1920.. A<feO 103
Balls Ter let 58 1926. J-D
93
Ph & Bead 2d 5s '33.A-0 124 125
"45
Berg<fcEBrw Ist 6s'-21 J-J
99
Con
46
7s 1911
J.D 122 123
Betiae Steel 68 1998. Q-F
Con
6s g 1911.... J-D 114
'16
Ex
Che & D Can Ist 58
J-J
Imp
48 g '47. A-O
102%
J^
Choc tfe Me 1st OS 1949 J-J 110
Con
of '82 48 '37. J
Terminal 5s gl941.Q.F 12334 125
Oh Ok & G gen 58 '19 J-J 105%
P
Col St Ey 1st con 5s 1932
& B col tr 4s '21. J-J 104
Eochester Ey con 58 1930 103
% Con Trac of N J 1st 08. '33 10434
1
E<fcAlstM58l920M-N
SEE Side 1st 5s g '35 J-D 113 110%
17
Elec & Peo Tr stk tr otfs
U Trac Ind gen 5s' 19. J96% 97
99
734 Elm & WU l8t 68 'lO.J
U Trac Pit gen 58 '97 J-J 111 111%
7%^
Eq II Gas-L 1st g 5s 1928
Welsbach s f 58 1930.J-D
46
47% 43%
& B Top con 5s '25 A-O
BALTIMORE
20
Indianapolis Ey 48.1933
78% 7»
Inactive Stocks
Interstate Eys—
Atlanta & Charlotte. 100 135
156
3-3%-48 1943
F-A
AtlanCoastL
(Conn)lOO 200 1250
Lehigh Nav 4%8 '14. Q-J 107%
Canton Co
100
85
EEs 48 g
1914. Q-F 100
Sou & Fla...l00
45
109% Georgia
Gen
4%8 g.l924.Q-F
1st pref
100
95
Leh V C l8t OS g '33.. J-J 109 109%
2d pref
100
58
70
Leh ext 48 1st 1948. J-D
G-B-S Brewing
100
9
5
M-S 119% 121
2d 7s 1910
Mt
Vernon
Cot
Duck. .
1% 2
J-D 118 120
Consol 68 1923
Unit Elec L <fe P pref.50
40
Annuity 63
J-D 133%
3% Leh V Trac Ist 48 '29. J-D 72
Bonds
Nat Asphalt 5a rects.,
Anacostla<& Pot 5s
8934 90%
New Con Gas 5s 1948 J-D
Atl<fc Ch 1st 7. ..1907 J-J 108% 109%
Newark Pass con 5s 1930 113%
Atl Coast L(Ct)ctl8 58 J-D 105 110
76% NT Ph & No 1st 4s '39 J-J 100
Ctts of indebt 48
89
J-J
43
Income 48 1939. ..M.N
43%
Bait C Pass Ist 53 '11 M.N 106 107%
No Penn 1st 4s '36.. M-N
Bait Fnndg 5s. 1916 M-N 120
94% 95
Deben 68 1905
M-S
Exchange 3 %s 1930 J-J
..„
Penn gen 6s r 1910. .Var 112% 114%
Eefunding3%a 1952 J-J il2%
Consol 6s c 1905. ..Var
Balt<fe P 1st 6s ml '11 A-O
Consol 5s r 1919. ..Var 114%
1
1st 68 tunnel. .1911 JJ"
263
Penn & Md Steel con 68.
Bait Trac 1st 5s.. '29 M.N 112% 115
Pa & N Y Can 78 '06. J-D 10734
No Bait Div 5s 1942 J-D 116 118
Con 5s 1939
A-O 108
Convertible 5s. '06 M.N 102 104
Con 4s 1939
A-O
Central By 6s... 1912 J-J
Penn Steel 1st 5s '17 M-N 107
3%
Consol OS. ...1932 M-N 112 115
People's Tr tr certs 4s '43 102
Exl& Imp 08.1932 M-S 112
102%
P Co lat& col tr 5s'49 M-S 107 107% Chas City Ey 1st 5s '23 J-j| 103%
prices ; no sales on this day.
"iuT'ios"
11
102i->Oot'03
10212 Oct '03
102 H2 Aug'03
1903
660
818
37
595
520
MarsdenCo
100
Nat Asphalt Tr Co rects 50
Do pref Tr Co rects 50
Welsbach Co
21
Sonds
<fc
Piamond State
PHILADELPHIA
9»4Sop'03
75 J'ue'O;;
104 Mar'02
96
95%
Week
pret
50
Cambria Steel
50
Gonsol Lake Superior.. 100
Do pref
100
Iiehigh Coal
Nav .... 50
361a 361a
5% 6-
Ask
'03
'03
Jiange jor year
100
130 60 Oct
50
320 84% Oct
245 lli^Oct
100
Do pret
100
140 20 Oct
United Ey «fc Electric. 50 1,375
8 Oct
591818 6014
Bid
Inactive Stocks
Sales
the
11434
Sep
Baltimore
18% 18%
%
%
»1%
Daily,
Northern Central
Seaboard Air Line
9
8»4
*18
PHIJ.ABELPHIA
72
14% Oct
latest bid
;
0/
Do
3
•36% 37%
price Friday
Shares
Philadelphia
American Alkali
18%
11434
70
68
Consolidated Gas
85
-•13
67
312
"66
18%
No
Stocks see below)
%
18»4
Boston Bonds.
(For JSonds and Inactive
J<Yidatf
Oot. SO
85
14
8%
A-O 114
J'ly
J'ly
Exchanges— Stock Record,
62% 62% *62% 63
8%
107'-jOc,l'(>3
101 ''J Oct '03
121% Oot '03
102 J'iie'03
.
.
85
14
31
8%
107^2
A-O
A-O
J-J
Ang'OS
79 Oct '03
106%Miiv'03
.
62%
8%
9(i
1905 J
1021a.
1905 J
101 i-j
98
99
l8t6s
„
OWOoiony
gold
1924
F
90
49
96«a
Oreg By & Nav com g 48.. 1946 J-D
1922 F-A
103>2l07'4 Oreg Sli Lme Ist g 68
96
981a Kepub Valley Ist s f 68. ..1919 J-J
125 128
Kutlaml IstOa
1902 M-N
123 127 1q
Erattand-Canadian Ist 481949 JJ
100 107
Savananali Elec Ist cons 58.1952 J-J
102 1071-2 SeaVWeElec let g 68
1930 FA 100 103
Torrington Ist g 58
1918 M-S
1121411214 Un.i«n Pa« KR<fe Igrg4s.l947 J-J
100 10334
1911 M-N
l;st hen couv 48
9513100
United Fruit convgea 58. 1911 M-S 100 1« .Sale
1903 M-N
105 110
Vermont <fe Mass 5s
105 107 Vl Weet End Street By g 58.. 1902 M-N
Gold4>28
1914 M-S
1916 M-N
Gold debenture 4s
135>2l38
Gold 48
1917 F-A
1351^13712 Western Teleph & Tel 68.1932 J-J 10034-Sale
54 87'4 94I2 Wisconsin Cent let gen 4sl949 J-J
87 Va 94
WiscousJin Valley let 7s..lSK)9 J-J
85
-20% 21%
8%
h»
18% 18%
81a
•62
86
95
80
101
1171-
117'4
1171-2 Sale
N Y<fc N Eng ist 78
60% 5934 89i6ie Pennsylvania EK
69% 605i« 60
36% 3634 36% 3634 36% 36% Philadelp'a Co (Pitta b)
6
6 Philadelphia Electric.
6i6ia
6
5% 6
•I2I4 1234 *12% 1234 "12% 1234 *12% 1234 •12% 1234 Phila Eapid Transit ...
22% 22»ie Eeading
22% 23% 22% 23
227ie22i6ie
227ia 22%
•38
38 ^1
Do Ist pref
38
38
38% 38% *38
38% -^37% 38
3OI2 *30'4 31
•30
*30
30 %
Do 2d pret
307i9 307ie *30i4 31
44I4
44
44
44 Union Tracton
44
44
44
44% 44
44
80
80
80
79% 80 United Gas Impt
79
79% 80% 8OI2 80
59% 59%
3534
27
97
109
Higl),
100
96 Si 101 "a
126~2l30
100 104
109 1121a
114 I2414
95
99
79
91
U)C><fl 1081a
107 Hi 111 !«
101
104
121% 123 '4
102
102
11434 118
78->4
70
I318 26
9I4 10
76
75
96112
1.^
126 "-i Oct '03
100 J'ne'03
10'.'
Sep 'Oo
Gen Klec con g 53 1929 J-J 100 103
88
1929 FA
96 >2 Sale
100 IOH4 New Eng Oot Yarn 5s
1900 A
107% 107% New Eng Teleph 68
6s
1907 A
99 102 ^
_
6s
105*4 105»4
1908 A
1915 A
98 100%
58
ACTIVE STOCKS
Thursday
Oot. 29
Wednesday
Oct. 2S
96>-i
Miuiie
Share Prices—Not Fer Gentani Prices
Tuesday
B 1st 78.. 1907 J-J
Sraldgr I8t7s...l90 J.J
"
96
iH)>-.,Oct '03
'
Slich Telep o»U8 5s tr rec.1929 J-J
80
Philadelphia and Baltimore Stock
Monday
K<fcF't
91
NOTK — Buyer pays aooraed interest in addition to the purchase price for
Saturday
-1934 M-S
KanCM& B sen 48..
Marl934 Spl
Inc<jm© 5s
KanC A3 M Ky<te Jirl8t5sl929 .\-o
90>aFeb'03
112>iiOcfU3
105ii3'lyM2
80
A-O
A-O
Low
Migli
96 >o
KanUFt S<bGult l8t,78..1908 J-D
19
MN
KanC yt Scott Jb M "js
y2>-j
bli'*
80 lo
^0 ^
100 J'ne'08
107% Oct '03
100
100
105 Feb '08
98i4Oct'03
Sale
A-O
F-A
1927 M-N
1921 M-S
1949 J-J
Denver Kxten 4s
Nebraska Ksten 48
la FiUlsit Sioux. C 1st 7a. .1917
Klin C (''.in& Spr Ist 5«...192r)
January 1
Last Hale
Ask Low
Non-convert deben 58...1913 A-0|
98»s
9;.t><i
Kang« or
J-Yldag
Oct 30
\Biii.
101
101
n^ialKiJ-j
99^8
I
Jiange
Since
Weelc't
1910 a~J
Illinois Stoel rtebeu 59
99 "ti
1\3Hj113V.
97 101 3j
lOO
A-O
M-N
J-D
Q-F
—
S
11-2
1525
101 JJ.iir'03
112'-2Jau'03
113 Feb'03
J-J
1910
1917
CeiliU Kap JSj Mo K Ist 78.1910
1909
>rt7s
Cent Vermt Ist g 48.. May 1920
1903
l8t78.-.
CbicBurl&Q
1919
Iowa Div l8t 5s
1919
Iowa Dir let 43
..1913
Debenture 58
96
104Si.A.pr'00
126^4 -Kpr'Ol
99 "s J an '02
..l'.>05 F-A
Improvenu'Ut 4s
Bost it Mon ;;a issue 7s...l»04 M-N
Boston Toruiuial Ist 3>-2S.ltH7 F-A
Bost U u Gas 1 St 5s tr rects-1039 J - J
li>3",)
40
95
100
Oot '0
99''8
biVi-iiliij""
7
9!5»„
13 >Q Feb '03
1
Ailjustmtwt £c4s....J'lyl'.nKT Nov
li'07 J-l>
Boston <& Lowell 48
1944 J-.T
'Boston & >Iiune4'-iS
B&
':'
.
Ao Low High
Jiah
Mi
98»8 Sal«
Atch* Nebraska
AtchTop& S Fo,E;fUt;4s..l;>il.> A-O
Sinea
2 = Jaiiuari/
5;^
or
Ijest Sal*
Ask
Bid
190S JAm Bell Telephone 43
4s. 1929 J J
Am Telep & Tel coU1sttr7*..l»tr8
M-S
Mo Kiv ex Os
Nou-exeuipt Os
Sinfc'.uir tund 4s
Butte A Boston 1st 6s
J
BON l>S
BOSTON STOCK EXCH'QE
Week Endino ocrr 30
Hang*
Prie*
boston stock exch'ge
Week kntdinq Oct 30
2rt
.
Boston Bond Recoil
31, 1903.J
Bar<&
1
Bid
90
110
1)2
113
90
Ask
92%
115
City<fe Sub(Wa8)l.st5s'43
92%
Col<feGrnvlst6s.l916J-J 116% 117
Consol Gas 68. ..1910 J.D 110 110%
58
1939 J-D 109% 110
Ga<fe Ala 1st con 5s '45 J-J 103% 104%
.
GaCar<feNlst5sg'29J-J
GeorgiaP 1st 6s. ..'22 J-J
106%
10634
115
GaSo & Fla 1st os 1945J.J 1103t 111
G-B-S Brew 3-48 1951M.S
4534 46%
2d income 5s 1951 M.N
29% 30
Knoxv Trac Ist 53 '28A-0 101 102
LakeR El 1st gaos'42M-S 116 118
MetSt( Wash)l st5s'25F A 115
......
Mt Ver Cot Duck Ist 5s. 33
86
Incomes
12% 15
New Orl Gas 1st 58. .Var 100
Npt N&O P 1st 5s'38 M-N 100 105
Norfolk St 1st 5s '44.. J-J 105
10734
North Cent 4 %8 1925 A-O 110
68 1904
J-J 103
Series A 5s 1926
J-J 117
Series B 5s 1926
J-J 117
Pitt Un Trac 5s 1997 .J-J 110
Poto Val Ist 58 1941.. J J 103 112%
Sec Av T(Pitts) 08 '34 J-D 112
Sav Fla (fewest 58 '34 A-O 112
Seaboard A L 48 1950 A-O
67% 6734
Seab & Eoan 5s 1926. J-J 112
South Bound 1st os.-A-O 106
UEl L&P 1st 4%s'29 M-N 82% 84
Un Ry& Ellst4s'49 M-S 90% 90%
Income 4s 1949
J-D
58% 5S%
Va Mid 1st 68 1906.. M-S 103
2d series 68 1911. ..M-S 107
3d series 6s 1916. .M-S 111%
4th ser 3-4-53 1921. M-S 104
5th series 5s 1926. M-S 106
Va (Stale) 38 new '32. J-J 93
95
Fund debt 2-3s 1991. J-J
94
95
West N C con 6s 1914 J-J II5I4 116%
WesVa C&P 1st 6g'll J-J 110% 111
Wil <fc Weld5s..l935.J-J 116
i
THE CHRONICLE^
15-26
luuestmewt and
I
Vol. lxxvii.
l^^ailroad |vxtclhgcnct»
RAILROAD GROSS EARNINGS.
The following table shows tlie gross earninss of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the jieriod from July I to and including such latest week or month.
2'/ie returtui of tlie street railways are brought together separateli/ on a subsequent page.
LalifSt
ROADS
July
dross Harninas
Curreiii
Year
Year
Oct
60.424
47,256
933,253
794.905
Vleksb'g Istwk Oct
47,000
22,000
25,000
39,000
19.000
22.000
116,099
32.961
5.141,070
18,480
268.941
58,851
3dwk
N C) & loxa.- I'aciilc
N O & No East. Ut.wk Oct
A.la
Vicksb Sli A I'. Istwk Oct
Inc.
Allegheuy Valley August
33.S09
Auu Amor
3dwk Oct
Atoll roi> & S Fe. September 5.870.S1
•24,344
Atlanta Jc Blriu.. August....
200.202
Atlanta & L'liar.. Juiy
AU Kuoxv No. sepetmber 63.5S2
32,052
Atlantic & Birui \UKU8t....
All Coast Lane... ^eptfmb'n 1,510,140 1,584,934
12,042
10,797
Bait (t Ann S L.. AUt'llBt ..
bait A Ohio
^epiember t),02.'>,lt)o r).430,434
Total System. Seiitem..,r 0,480,007 5,871,002
160,368 141,306
fiau^or A Aioo.-*! \U»;U:)t...
3,240
3,084
BatliAHatu'rtsp'l Au;;u8t...
6,422
5,421
Bellefouie (Jeut'l Soptembeir
4,949
4,171
Saoo K. Awgust
Brulict
166,550 159,084
Bull R00I1& .^.t.- 3d wk Oct
76,72
75.104
Bullalo ^tSimq... vuirust
74.100
53,800
Oauadlau North. id wk Oct.
942.000
Oauiwliaii Pacllic 3d wk Oct 1,019.000
20.356
13,284
August
Caue Belt
Ceut'l or (Tf>orulii 3d wk Oct 22y,S60 217,950
..\i
i\:
Ceiit'iofN Jersej September 1,770.>>53 1,106.454
2,054,S0^ 1,853,768
Central Fuoillo. August
2,141.303
Chaltau Soutli'u. 3J wk Oct
Cliesaii ii Ohio... September 1.572.707 1,181.846
Chic <fc Alton Ry. Sepitmber 1,073,534 873,659
Ohl.'
Vaf
J^reaiotm
Year
Ala Gt Southern.
*
to Latest
y»ar
or iJont\
Ala
1
(.tirre-nc
Ut Western 3d wk Oct
Chic Ind AL'v...
Chic Milw <fe 8t r
Chici North
Chie St P M & O
Chic Term Tr KK
Cm N O & T Pac.
3dwk Uot
August
164,351 158,856
115,330 103,435
4,17S,511 3,964,073
Wn September 15133331
4,54.0.252
September 1,100,611 1,206,210
32,613
35,683
3d wk Oot
3d wk Oct 135,575 101.725
WeeK
or
Month
III
V
1
to
Latest
Date
Vxcrraiit,
i'revwics
Viirrenl
i^revtoxi-s
Year
Year
Year
Year
*
#
Man*tee& Gr. Rap August...
9.786
Manis <fe No East .\ugust ..
34.094
650,626
563.893 Manistique
September
8,638
293,254
258,095 Maryl'd &, Penn.. Septt^mbor
32.536
344,040
298,432 tMexioanCent'l.t 3d wk Oot 469.312
iiic. 218,922
539.765
i Mexican I-itern. September
634,763
539,676 ; .Mexican RjWk Oot 10 102,500
16,852.139 14,590,063
Mexican 80 ulU' u 2d wk Oot.
21.574
45,450
34,414 Miilen A So'w'u. September
4,909
260,26
268,941 Mineral Kange.. 3dwk Oot
13,156
195,800
178,958 Minueap it 8t L. 3dwk Oct
71,052
62,879
M 8t P & S St M. 3dwk Oot 184,719
4.272,717 4,247,308 Mo Kan & Texas 3d wk oot 421,529
28.257
21,879 MoPao&IronMi 3d wk Oot 821,000
17.875,560 16,150,810
Central Branch 3dwk Oot
31,000
19.231,800 17,434,370
Total
3d wk Oct 852,000
328.974
261,580 Mob Jack & K C. Wk Oct 17
8,229
6,02i
5,490 Mobile vt Ohio.. 3d wk Oot 142.084
17,957
14,733 Nash Ch & St L. 3d wk Oct 201,146
9,226
9,190 JNal'lRRof Mex 3d wk Oot 172,028
2,668.395 2,374,954 Nev-Cal-Oregon September
20,482
157,225
142,045 Ne vada Central August
3,833
922,700
547,700 N y O & Hud Rlv September 7,056,151
15,037,500 13.221.286 N Y Ont & West. September 602,800
25,27»
34.177 N Y Susq & West September 214,809
2,829,025 2,777,223 Norfolk & Wesfu 3dwk Oct 446,925
5,040,700 3.577.740 Northern Central Augu.st.
919,036
4,033,865 3,793,438 North'n Paolttc. September 4,564,385
33,600
3ti,2«;> Nor Shore (Cai),. August .
63,464
4,7tty.373 3,390,582 Ohio Riv& West. August..
20,228
3.073,008 2,570,419 Paoitio Coast Co August
567.353
2,65a.672 2,331,904 ePenn— EastP«&K Augtisc... 11041290
1.807.644 1.586,328
Inc. 72
eWest P & E
August...
8.337,604 7,625,406 Pore Marquette to 3d wk Oot 237.149
IT 14.743,479 12,737,142
PhilaBalt&W'sh .August... 1,195,127
3.008.160 3,121.086 Phlla & Erie...
780,104
August...
521.120
537,049 Pine Bif Ark R
2.211
August
2,135,63i 1,789,823 Pittsb C C & St L September 2,232,723
3.861.550 3,314.228 Raleigli & C Fear August ...
5.110
481,837
435,483 Reading Railway September 2.922.121
2,075.594 1.960.689
September 2.121,012
Coal& IrCo
33,820
27,120
Total Both O08. September 5,043.133
101,63s
58,994 Rich Fi-'ksb & P August...
107.442
18,664
10.090
18,608
31.235
63.399
56,887
7.950
25.366
33,116
93,367
31.494
81,816
450.960 7,547,451 6.181,268
542.512 1,619,454 1,604,085
91,000 1,492.000 1,429,100
269,280
17,222
293,200
!
12,219
4..517
12.620
169,014
10.674
180,114
72.569
985.401 1,205.170
197.767 2. 357,95 s 2.404,575
412.628 5,601,537 5,547.913
794,000 13.603.480 11,564.326
22.000
553.000
304.000
816.000 14,150,480 11.928,326
4,385
112,618
64,939
129.608 2,245,097 2,098.857
182.066 3.053.590 2,755,186
162.603 3,297,931 2,869.885
24.144
57.177
54.466
3.947
6.725
6.588
6,701.579 20.998,245 19,475,664
350.061 1,960.887 1,096,121
105.573
097.629
369.288
392.898 7.003,742 6,075,104
681,836 1,842,051 1.310,251
4.632,580 12,891,761 12,352,228
136.156
56,020
122,606
17,921
37.813
32,679
505,249 1,127,716 1,051,988
10106990 22,036.693 19.878,493
3,200
Inc. 1.20 6.300
217,720 3,818,530 3,486,803
1,151,027 2,341,905 2,203,505
526,223 1,556,426 1,038,264
2,257
4,428
4,902
2,073,503 6,619,318 5,853,287
10,155
1,939,444 9,126,422 5,852,815
155,310 7,997,560
653,826
2,094,700 17,124,982 6,506,641
231,700
184,699
82,25s
102.029
53.973
49,496
104,930
Rio Grande Jot.. August...
159,281
190,758
8,034
11,542
Rio Grande So... 3d wk Oct
4,413,261 3,679,670 8,351.042 7,508.014
Rook Isl'dSyst'm August
138,739
48.932
47,439
150,173
Rutland
3d wk July
186,143
234.140
August ... 119,268 103,804
St Jos&Grl
3,197.932 2,596,217 6,083,159 4,968,429
St L & San ¥vstng August
178,411 2,257,505 2,201,863
St L Southwest .. 3dwk Oot 160,992
581,308
630,861
StL Van<feTH.. rteptember 216,737 196.320
230,965 247,620 2,141,276 2,172,830
San Ant & A P.. April
376,751
423,880
San Fran <feNP.. September 135,532 128.438
Seaboard Air L.. 3d wk Oct 258,132 265,986 3,848,142 3,787,633
203,559
312.464
71.903
Southern Ind
September 109,167
So PaoilioCoA)... August.. .6 ,386.145 6.443.488 14.631,674 12,919,667
2,054,808 1,853,768 4.033.865 3,798,438
Central PacLUc. Auj^ust
526,853 507,660 1,102,048 1,010,687
Gal Har & S A. August
252,074
100,696
71,742
GalHoua<fc No August.... 134.976
32.218
12,891
18,730
26,546
GulfWT&P.. August
341,686
299,788
148.584 165,787
Louls'a West.
August
690,336
718,863
351,976 334,704
Morgan's L & T August
68,574
73,209
40,245
32,062
N Y T & Mex August
725,204
662,205
361.575 328.239
Oregon & Calit. August
201,516
232,453
118.530
98,559
So Pao Coast.. August
806,317 2,290,169 5,490,342 4,5.55,171
So Pao RR Co. 4.UgU6t
528,212
634.030
310,251 262,004
Tex&NOrl
August
Southern RaUw'y 3d wk Oot 923,568 878,022 13,900,725 13,012,157
Terre
& Ind . . Saptember 192,407 161.667 551,728 459,114
151,502
182,082
62.055
53.318
Terre
Peor.. September
179,594
194,986
17,478
16,594
Texas Central ... 3d wk Oct
3,147,700
Texas &c Paciho.. 3d wk Oot 242,089 243,732 3.277,302
18,700
20,800
10.700
11,800
August...
Tex S V & N
33,815
30,385
10,051
15,279
Tift Thorn & Gulf. August...
975,978
70.63G
61.078 1,255,659
Tol & Ohio Cent 3d wk Oct
374,613
414.341
26,911
29.690
TolP&West ... 3d wk Oct
925,467
62.005
52,938 1,030,653
TolStLA W.... 3d wk Oct
126,308
178,216
12,008
9,508
Tor Ham &Butt. 2d wk Oot,
September 5.182,844 4,557,427 14.305,684 12,952.978
(Jn Pac System
152.277
188.185
69,242
47,707
Va Southwest.. September
3d wk Oct 503.926 450.920 7,866,210 6,773.175
Wabash
744,750 694.350 1.326,831 1,212,231
Jersey <fe Sea'e August
82,781 1.506,4(>2 1,280,156
89.076
3d wk Oot.
Wheel &
35,623
37.284
18,264
19,676
Wm'sport&N.Br, August.
Wisconsin Cent.. 3d wk Oot. 142,500 141.506 2,248,700 2,143,439
22,998
22,008
11.203
12,271
Wrightsv& T'n.. August...
Yazoo & Miss. V September 573,197 568,167 1,637,980 1,514,444
.
Li. August...
2.001,206 l,7i5.191
230,70
25S,561
Peoria & tlast'n August ..
OoloraUo <\:Souoli 3d wk Oot 157.272 150,067
13,506
17.357
Col .Newi) <fe Luu. AUKUSt...
30.822
45.S78
Copper Range.... August...
20,271
10,058
Cornwall
9,909
August
63,734
26.172
29,411
Corn wall it Leb August
577,793
CumOerrrt Vallej September 196,507 105,605
Deuv. & Rio Gr. /
369.000 386,400 5.800,394
3dwk
Oot
Kio Gr. West. S
246,422
68,493
82,905
Det <fe iMackiuac. September
28,211
545.105
34,509
Detroit Southern. 3d wk Oot
56,563
941,525
55.881
l>ul So 8h iSAtl.. 3d wk Oct
16,026
223,343
22,005
East & W. of Ala. May...
Erie
September 4,224,844 3,51l,4»4 13,108,697
9,131
7,912
135,336
Kvausv & Indian 3d wk Oct
34,613
611,659
37,527
Kvansv &. T U... 3d wk Oct
2.857
5.786
r'rchlld <& N'r'e'n August...
3,057
6,949
13,160
Farmvifc Powhal AUuUSt...
7,093
219,475
522,055
259,118
di Oenv Ciii August
Ft
354,857
173,24» 164,426
Geor^a RR
August
399,105
Ga South Jc Fla.. teptember 121,124 112,892
25,516
61,562
31,378
Gila ValG A; N.. August
Qr Trunk System 3d wk Oot 709,312 679,617 11,791,153
95,081 1,630.820
Gr Tr. west'u 2d wk Oot. 139,011
25,768
29,841
388,374
Det UrH&M. 2d wk Oot
Great Northern. September 1.017,6^1 3.954,250 11.018,185
55S.400
Montana Cont'l September 1S1,523 158.472
Total system S«ptember 4.199.144 4,112,722 11.576.645
34,621
Golf&SlupIslaml 2il wk Oot.
543.689
37.414
UockinK Valley.. 3d wk Oot 135,913 131,463 2,112,005
442,816 402.146
»36,411
Ho US it Tei Oeni August
67,434
W.Texas August
124,438
00,261
19,366
29.512
H0U8 (SShrevei) t Auv'ust
14.158
Illinois Central. 5biJtember 3,830.602 3,734,456 11,623.907
13.013
44,045
Illinois Southeri. S-iptotuber
16,022
234,89
IndIU& Iowa... August
116,668 129,815
Int j£ Gt North'it 3d wk Oct 147,280 158,442 1,761,875
81,710 1,500,800
vVkOot 10 109,800
t luteroc ( Mex) .
16,505
50.773
Iowa Central
748.035
3d wk Oct
Kanawha 6c Micl 3d wk Oct
32,111
23.617
533,908
XauCity South'u 2d wk Sf pi 12S.002 112,429 1.290.280
LiakeKrie&Westn S:)ptomber 4 87,770 433,670 1.443,617
LehlgU Val RR. September 703.653 1,458.561 8,187,589
Lexiug di East'u August
64,234
48,784
124.776
Jnc. 32 ,499
Inc. 15
Lou^ laland
AUgL.8t
40,620
54.367
La &. Arkansas August
108,869
Lou ilend <KStL. July
72,303
68,815
72.303
Louisv <3c Nashv. 3d wk Oot 774,975 720,560 11.371.956
Hacon & Birra... iepiember
9,918
15,700
31.792
ClCiu(Jli<te St
Latest dross /•earnings
KOADS
.
18,646
51,621
325,235
.
W
H&E
.
5,748,978
201,524
463,630
934,633
171,161
10,361.188
129.866
558.194
5,807
14,486
454,015
320,921
354,860
49,905
10.161.650
1,332,601
345.224
10.748.671
502.171
11.250,842
477,391
1,951,670
741,200
128,297
35.577
10,483.695
39,185
,
2(jl,707
1.666.584
1,396,580
770,528
248,402
1,209,312
1,230.455
4,155,101
97,091
.851
77,739
68.815
10,456,177
37.200
.
H
H&
W
&
W
LE
VARIOUS
BO ADS
Allegheny Valley
Atlanta & Charl Air Line.
Bellefonte Central
Gross learnings
Jan. 1 to Aug. 31
Apr. 1 to July 31
Jan. 1 to Sept 30
Jan. 1 to Oct. 14
Canadian Northern.
Chicago & North Western. June
Chic bt P Minn & Omaha..
Cumberland Valley
International & Gt North'n
Lake Erie & Western
Manibtee & North Eastern
Mani.stiq ue
Mar>und
<!fc
Central Branch
TotaL
^Mexican Central t
Mexican International
Inc.
$1,023,865
55,083
2,103,025
30 1I19.540,20S
30
8,065,177
SepU 30
1,462,597
1 to Sept.
Jan. 1 to Sept
Jan.
Jan.
Jan.
Jan.
Jan.
Pennsylvania Mar.
Mis.iouri Pacilic
Current Year
Jan.
Jan.
Jan.
Jam
Jan.
1 to
1 to Oot 21
1 to Sept 30
I to Aug. 31
1 to Sept 30
1 to Sept 30
1 to Oct 21
1 to Oct 21
1 to Oot 21
1 to Oot 21
1 to Sept 30
4.299,011
3,891,362
252,973
55,047
195,986
33,133.961
1.146.000
34,279,961
20,093.757
5,340.002
FISOAIi VEARS.
Previous Year
BO ADS
$585,744
945.079
43.186
1,240,011
16,737,510
8,526,286
883,109
3,937,855
3,469,222
229,123
84,371
171,865
28,302,577
831,000
29,136,577
10,426,938
4,714.799
Gross Earnings
tMexican Railway
JMexioan Southern
Jan.
Apr,
t National RR of Mexico... Jan.
Jan.
Northern Central
North Shore
ePennsy., Ea.st of
eWestof P&E
Pere Marquette
P
& E...
vi
Mar.
Jan.
Jan.
Jan.
PhUa Baltimore &Wash.. Nov.
Philadelphia & Erie
Pitts Ciu Chic & St Louis..
Rio Grande J unction
.
St L Vaudalia & Terre
Terre Haute & Indianap .
Peoria
Terre Haute &
H
Texas
& Pacific
West Jersey
&,
Jan.
Jan.
Dec.
Nov.
Nov.
Nov.
Jan.
Seashore... Jan.
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
1 to
Oot 10
Oct 14
Oct 21
Aug.
Aug.
Aug.
Aug.
31
31
31
Current Year Previous Year
$4,233,500
545,915
9,045.312
6,882,245
379,159
82,191.969
31
Inc.
Oct. 21
9,201.210
11,076,278
5,164,430
18,500,164
421.613
2.218.820
1.814,852
583,678
8,862,826
3.051,683
Aug. 31
Aug. 31
Sept 30
Aug. 31
Sept. 30
Sept 30
Sept 30
Oct
21
Aug. 31
$3,903,600
525,274
7.156,818
5,402,845
315,971
73,298,369
4.481,100
8.416,403
9.999.278
4,056,685
16,692,661
410,515
2.000,419
1,590,486
505,517
8,366,075
2.789,983
curreney.
t hesults on Monterey
K Includes trans-Misaoiirl ^'??*
lu02.
<se
Mexican Gulf are Included from March
J Mexican
6 Does not include the
In 1903, making length of road on which earniags are rep )rted 7,357 In 1903, against 5.876 miles in 1902.
Houst. Ai. Tex. Cent, and its subsld. lines either this year or last
q Includes the Chicago <fe tastem
« Covers lines directly operated.
"^^
Illinois In both years.
West and also Florida Southern and Sanford & St Petersburg Bys. in both years.
< Including Sa v. J? lor.
'f
z Includes earninifs of Valley RR. of Va., Omo <tt
eludes Lake Erie & Uot Riv. Ry. from Jan. 1 both \ ears.
'Approximate for Juno.
Llltie Kauiwha, Clev. Term.
Q. and Ripley & Mill Creek, not wholly owned, bat
Wheeling, Ravens wood Spencer
Vai., Clev. Lor.
controlled and operated by the B. & O
1
&
&
&
,
A
...
Oct.
—
1
THE CHRONICLE.
31, 1903. J
Latest ttro88 Eamingrs by Weeks.—In the table which
follows we sum up separately the earnings for the third
week of October. The table covers 49 roads and shows
5-14 per cent Increase In the aggregate over the same week
last year.
3d
180S.
%oeek of October.
Inerecue.
1902.
S
AUbama At. Soatbern
Ann Arbor
:
BoAklo Roota. A yittaVfC.
Oanadlau Paoltlo
Central ofOeortla
i
I
—
—
&
]
.
Grand Trunk West
Det.
. .
164,351
115,336
82.618;
i
Southern
*
Denver <h Rio Grande
Detroit Southern
Doluth So. Shore & At...|
Evansvllle <fe Indt»nap..|
Evans. & Terre Hnure. .
Gr'nd Trunk of Ciinada i
Colorado
166,556
1,019.000
229,B60
1,303
01iatt»nooK» KoQtnem...
Ohio. Great Western
Ohio. iDd'plls A LoalBV..
Ohio. Term. Transfer.
Oln. N. O. & Texas Pao..
60.424.
S3,S0e'
i
>
13^,575
1^7,278'
369,000
34.509
65.88 1
7,9ia
87,527
I
Z>ecr»ate.
J
13,168
47,266i
32.961
848
1.^9,084
7,172
77,00O
11,910
942.000^
217,950
2,142
S
839
6,496
11,901
158,8.'>6i
10S,435|
35.683
101,725
160,067
..'
386 400
• *>•
3,070
....
83,850
7,205
• «*•
17.400
2H.211
56,563
6,898
9,131
•••.a*
•
•
6^2
34,613
2,914
709,3 IS
679,617
29,696
135,913
147,280
46.505
32.411
131,463
168,442
50,773
23,617
720.660
456.960
10,674
72.669
197,767
412.628
794,000
22.000
4.386
129,608
182.668
162,603
4,450
1,219
loternatloual & Qt.No..
Iowa central
Kanawna <k MioniKan...
Loalsvliie & Nashville..
Mexican Central
Mineral Hanite
Minneapolis <& St. Liouls.
Minn. St. P. A 8. Ste. M..
Mo. Kansas A Texas
Mo. Faolhc & Iron Mt....
Central Bran oh
Mob. Jaokson &. K. Cltyl
MobUe&Ohlo
aahv. Chat. &
St. Louls.
National RR. of Mexico..
Norfolk & Western
Pere Marquettet
Rio Grande Southern..
St. Louis Southwestern..
Seaboard Atr Line
Bontnem Railway
Texas Central
......
Texas A Faoine
Toledo & Ohio Central..
Toledo Peoria t West'n
ToL St. L. A West
Wabaab
Wheeling A LakeBrle...
WlaoonsUi Central
Total (49 roads)
Net Increase (514
774.97ft
469,312
13,166
71,052
184,719
421,529
821,000
31.000
8.229(
142,084
201.146
172,028
44ti,925
39.5.898
237,149
8,084
160,992
25 ^, 132
923.568
17,478
242,089
70,639
29.696
62,605
603,926
89,076
142,500
217.720
11.542
178,411
10,195,438
9,697,448
11.162
4,268
.... -••
8.794
54,415
12,352
2,492
i.517
13,048
8,901
27,000
9.000
3,844
12,476
18,480
9,425
64,027
19,429
265,»<86
• v>«
87S.0a2
16,634
243.7^2
61,078
45,646
884
1,613
•»>•--.
9,561
2,7M6
9,667
53,006
6,295
2fi,911
52,938
450,920
82.781
141,606
994
681.!i69
83,5.79
497,990
p. o.)
Includes Rio Grande Western, t Incladea Lake £rle
River Ry. for both years.
V Figures are for week ending Got. 17.
.
A
Detroit
For the second week of October our final statement covers
54 roads, and shows 7 49 per cent Increase In the aggregate
over the same week last year.
loetk of October,
Previously rep'd (49r'ds)
Canadian Northern
Golf A Ship Island
Interooeanic (Mex.).II..
Mexican Railway
Mexican Southern
Toronto Ham.
.k
Buffalo.
Total (55 roads)
1903.
1902.
InereoMt.
S
$
9,966,205
74,100
37.414
109.800
102,500
21,574
12,008
9,315,939
83,8 JO
Sl,621
81,710
91,000
17,222
9,608
10,323,601
9.603,800
Het Increase (7-49 p c.)..
f Week ending Oct. 10.
Dtereate.
$
749,252
20,300
2,793
28,090
11,500
4,352
2,500
$
98,986
818,787
719.801
98,986
—
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, Including ail
roads from which monthly returns can be obtained, is glvet
once a month in these columns, and the latest statement of
this kind will be found In the Chronicle of Oct. 24,
1903.
The next will appear in the Issue of Nov. 21, 1903.
—Current
Gross Earnings. —
,
Previous
Roads.
Year.
Tear.
$
$
Atoh.T.AB. Fe.b Sept 5,870.813
July Ito Sept 80 .. 16,853.139
nAtiant Coast L.a.Sept 1,510,140
July Ito Sept So.... 4,272,717
Boston Rev.B.A Lynnl)July 1 TO Sept 30....
220,337
Jan. 1 to Sept 30....
451,870
Bnffaio Gas Co.
Sept
A
Plttbs.b Sept
707.842
July Ito Sept 30.... 2,177,001
Canadian Northern.Sept
270,800
July Ito Sept 30....
776,400
Canadian Paolho. a Sept 3,937.002
July 1 to Sept au... 12,010,600
Oont. of Georgia a Sept
782,683
July Ito Sept 3o..., 2,183,345
Chesap. A Ohio.b-.Sept 1,572.707
July 1 to Sept 30.... 4,789,373
OUcago A Alton.a.Sept 1.073,634
July 1 to Sept jO.... 3,073,608
OumDerland Vai.b.Sept.
196,507
Jan. Ito Sept 3o
1,462,597
Detroit A Mack o.aSept
82.905
July 1 to Sept i)0....
246,422
Net Earnings.
Current
Previous
Year.
Year
$
.
$
6,141,070 12,489,112 tl,960.271
14,596,063 f6;604:050 15,406,706
507,742
544,291
1,584,934
4,247,308 1,286,790 1,225,078
196,786
401,762
46,173
66,974
x22,551
841,211
Oct ItoSeptiO
Bull. R.
dross Earnings. —
—Current
Preuinus
.
.
Year.
Jioads.
$
4,224,844
i'enr.
Xel Earnings.
Current
I'rerious
i'rnr.
$
1,378,508
4,396.397
!t^
Sept
Brle.a
3,511,494
July 1 to Sept 30. ...13,108,697 10,361.188
Farmv.APowh't.'nnAug,
7,093
6,949
13,160
July 1 to Aug. 3 1
14.488
OulfAHhlplsl aAug.
153,713
138.184
305,585
268,428
July 1 to Aug. 31
668.898
498.820
Hooking Valley. a.Sopt
1,722.462 1,676,062
July 1 to Sept 30
20',028
210,079
Iowa (lentral.B.-.Sept
607.453
617,024
July 1 to Sept 30....
149.699
69,994
Kanawha A Mtcti.a.Sept
440,852
191,894
July 1 to Sept 30...
def.225
def.723
67.285
117,221
2l.'S,845
>
Year.
H'
1,087,930
3,378,582
1,062
1,286
46.473
90,654
182.528
671,689
616,969
r85.002
r24 685
rlOS.63l
r89,588
32.077 dof9 014
7«,446 def.20,786
Champlaln & Morlah—
July Ito Sept 3o....
Jan. 1 to Sept 30...
L.
81,126
20,854 ydf.2e.l22
2,041
74,926
64,275 def.34,393
9,190
Lehigh Valley RR.— See detailed statement below,
539.765
542.512
232.561
c Mex. InternM'l...Sept
208,501
Jan. Ito Sept 30.-.. 5,840,002 4,714,799 2,111,859 1,801,210
2.559
MlUenASouthw a .Sept
4,909
4,517
2,038
12,620
12,219
6.129
July 1 to Sept 30
8,765
49,875
Mllwauk. Gas L. Co.Sept
64.147
469,118
Jan. ltoSept30
467,244
3S1.232 vll6.488 vl46.230
Mlun.A8t.Loul8a.Sept
269,863
781,138
975.768 v316,l80 v4l3,ti93
July Ito Sept 30....
830..573
808,073
211.721
cNat'lRR.of Mex. Sept
316.185
Jan. 1 to Sept 30.... 8,553,098 6,684.863 2,841,184 2,292,346
16rt.509
602,800
350,061
N. Y.Ont. AWest aSept
3.318
648,737
July 1 to Sept 30.... 1,966.887 1,096,121
130,139
214,809
105,573
88,507
N.Y.8U8. AWBBi.aSept
12,609
697,629
369,288
289,886
July 1 to Sept 30....
90,654
Pittsburg Goal o Sept
629,234
434,357
Jan. ito Sept 30
6,153,789 2,868,327
Pocahontas Collieries
Sept
company
36,066
Jan- Ito Sept 30
,.
401,698
(
3.458
17,419
7,864
*
2d
,
.
Gr.Hav.iMUw.^
Hooking Valley
1527
643,552
1,897,702
182.300
445,500
3,651,482
101452^2:6
820,252
2,180,273
1,181,846
3,390,582
873,659
2,570,4x9
105,605
883,109
68,498
201,524
310.381
1,051,642
91,000
262,000
1,202,263
3,954,896
191,413
396,197
626,009
1,729, y83
400,222
1.10^,250
5'?,591
306,961
32,202
84,052
43,374
64,885
32,894
839,186
306,487
880,340
69,400
171,000
1,410,755
3,949,368
212,641
666.636
367,159
1,033,298
316,478
95;^,194
22,160
285,6^7
25,686
68,508
Beading company—
Phlla.ARead'g.b.Sept 2,922.121 1,939.444 1.107,820
377,881
July 1 to Sept SO.... 9.126,422 5,852,815 8,751,210 1,417,527
155,816
Coal A Iron Co. b. Sept 2,121,012
122,277 df.254,185
653 8^6
July 1 to Sept :iO.... 7,997,660
881.007 df.795,097
TotalbOthCo.'s.bSept 5,043,133 2,094,760 1,230,097
123,696
July Ito Sept 30. ...17,124,982 6,606,641 4,632,217
622,430
Beading Co.b
Sept
116.254
114,038
_
July 1 to Sept. 3o.
351,680
349,440
Total all Com p's.bSept
1,346,351
237,734
4,988,^97
July 1 to Sept 3o
971,870
67,985
66,623
TexasCeiltral a... Sept
22,555
23,524
145,166
129,060
July Ito Sept 3o ...
17,381
22,582
260.584
852,716
Toledo AG. Cent. a. Sept
101,222
44,323
797,225
July Ito Sept 30 .. 1,041,020
299,974
163,882
Union PacSyst'm.a Sept fi:5,182,844g4.557,427 g2,417,250K2,263,972
July Ito Sept 8ii....gl4305,684gl2,952 978 K6,481,692ga,l38,418
Sept 2,239,687 1,840,909
Wabash. b
716,133
610924
July Ito Sept 30..., 6,361,267 5,466,144 1,977,635 1,719,642
593,010
592,966
Wisconsin Centr'l.bSept
211,876
236,317
July Ito Sept 80.... 1,836,960 1,734.902
686,418
686,197
a Met earnings nereglven are after deducting taxes.
b Netearnlngs hereglvenarebeforededuotlngtaxeo.
e These figures are In Mexican currency, and are convertible into
gold at the current rate of exchange.
g Length of road havlnsr been reduced in July, 1903, by 562 miles
on acooQut of sale of pare of the Oregon Short Line system, figares for
1902 have been revised to conform to the new basis.
r For September additional Income is $1^55 this year, against $3,914
last year. From July 1 to Sept. 80 additloaal income this year is
$14,974 against $8,703 last year.
a Including earnings of Savannah Florida A Western in both years,
and also Florida Southern and Sanford A St Petersburg By. in both
years.
T For September additional income Is $7,261 this year, against
$17,267 last year. From July 1 to Sept. 30 additional income is
$38,980 this year against $44,888 last year.
X Decrease for September is due to adjustments made on oloaing of
books at end of tleoat year.
J Expenses include extraordinary charges for new bridges and
betterments.
t For September. 1903, taxes and rentals amounted to $189,785,
against $183,^43, after deducting which net for September. 1903, was
$2,299,327 agalust $1,766,328. From July 1 to .^eptemoer 30, 1903,
axes and rentals amounted to $528,^67 this year against $^63,287
last J ear, after deducting which, balance is $6,075,083 this year
against $4,843,419.
interest unarges and Surplus*—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the aurplns
above or defloit below those charges.
^Bal. of Xel Earn^gs.—^
Int., Jientals, etc.
—
/
Uoads.
Boston Bev. B. A LynnJuly 1 to Sept 30....
Jan-
Ito Sept
Gulf A Ship Isl
July 1 to Aug.
Hocking Valley
July 1 to Sept
Kanawha A
30....
Aug.
31....
Sept
30....
Mlob... Sept
July 1 to Sept 30....
L.
Champlaln
1
Previous
Current
Previous
Year,
Year.
Year.
Year.
$
$
$
$
16,068
46,222
19,206
88,415
76,196
235,377
23,464
61,520
14,906
45,499
13,663
26,626
69,671
216,y63
14,041
39.497
to
694
2,124
N.Y.OntAWe8»...Sept
694 df.*26,639
1,901 dL*36,087
g60,935
g66,158
Sept 30.... gl97,636 gi81,268
Pocahontas Collieries
dl4,185
Company
Sept
Jan- Ito Sept 30.... di80,062
July
1
*35,443
*33.9C0
*23,093
*2l,933
*39,000
*33,073
*80,763
*64,427
*12i.387
•147,674
*46l,783
•432,520
*9,206 •df.22.582
'14,777 *df.58,509
A Morlah—
Sept 30.
Jan. Ito Sept 80....
July
.
Current
to
*1,449
*7,787
100.356 def.57,ea2
451,201 def.61,129
21,881
271,631
Beading883,000
All companies.... Sept
July 1 to Sept 30.... 2,664,000
895,731
458,351 df. 667.987
2,687,168 2,319.897 dl.l716293
THE CHRONICLE.
lo'2S
Int.,
,
—
-—lial. ofyeti:arii'(/s.—.
CitrreiU
i'reriojis
Year.
Tear.
Year.
Year.
$
$
$
ip
2,593
7.749
40,816
119.669
144.293
AOhlo< en Sept
Jttly 1 to Sept30....
Wisconsin Certral. Sept
July 1 to Sept 30....
*
etc.
rrevious
£oads.
T»XM Central
Sept
July 1 to Sept SO....
tolerto
Retitah,
Cnrrent
2,688
7,689
38.839
116,782
145.107
440,207
439,318
19,972
9,632
•60,442
*180.997
*72,798
*259,063
20,941
14,893
*5.799
*48,495
•94,173
*a54,913
AJter allowing for other Income received.
to Sept. 30.
.
1903.
1903.
1903.
$
$
$
1,4^8..">61
—
1902.
jR
Gross earnings
Operating expenses
2,703,658
1,520,619
1,493,139
8,187,659
4,563,193
4,155,161
4,434,637
Net earnings
Other income
1,183,034 def.34,578
42,870
6,315
8,884,396
139,662
def.279,476
1.323.904 def.28,263
3,761,058
def.265,099
Total Income
taxes (est.)
other deductions
14,377
and
488,365
66,100
487,308 1,477,149
119,000
173,000
1,469,351
Addll'ns&lmprovem'ts.
Total dedQOtlonfl....
654,465
606,308
1,816,351
Netlnoome
Net Inc. Lehigh Val. and
671,439 df.634,571
oth. contr'il'd coal COS.
1,660,149
347,000
14,000 df.228,890
156,309 def.695,256
2,270,218 df.2,776,706
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the grroM earnings for the lateet
period of all stbsbt railways from whloh we are able to obtain weekly or monthly rettirns. The arrangement of tr«
table Is the same as that for the steam roads that Is, the
flrst two oolumns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and Inoludlng suob
latest week or month.
Latest Qrott EarningM.
WttltorMo Our'nt
Year.
9
Jan. 1
Prev/'xu
Tear.
to Latest
Tear.
S
R'ys. Co.B.
Anr. Elgin & Chlo. Ry
September 182,004 107,614 1,023.018
September 44,394
152,436
Bingham ton Ry
Sf-ptember
BT'klyn Rap.Tr. Oo.
Bnrllngt' n (Vt) Trac.
Cal. Gas <t Electric.
Cent. Penn. Tract..
Chicago A Mil. Eleo.
29day88ep 1,208,368 1,043,944
7,967
September
6,69b
Auguer
227.656
September 45,763 38,391
September 40,921 19,347
September 49,988 44,090
cm. Dayton <feTol.Tr.
Cln. Newp. & Coving.
Light & Traction...
Citizens' Ry. & Light
(Muscatine, Iowa)..
Cleve.&So. W. ir.Co.
Cleve. Palnav. & E...
August
112,576
18,432
96,217
Dati
182,691
Tear.
9
861.438
c Results for main
39i",iVs
3'44'.539
194.636
391,486
147,406
344,954
794,967
707,435
>i
Eleo. Ry. Co.
Xr.
Wk.Oot26 125,985 (22.545 (1048,20
(884,843
Honolnlu Rapid
& Land
August
Co
Honghton Co. Bt. Ry. August....
Houston Eleo. 8t Ry. August
Indlanap. & E.'st Ry. iJeptember
IcdlaLap. & MartlnvlUe Rapid Tran.. Aagust
Indlanap. Bhelbyvllle
h Southeaetem Tr. July
Intern at'l Tract Co.
System
(Buffalo)...
Ithaca Street Ry
Jacksonville Elec.Co.
Lake Hhore Eleo. Ry
Lake Street Elevated
Lehigh Traction
26,731
20,871
40,824
20,315
17,320
17,305
33,638
11,896
177,136
114,616
d55,012
d25,701
14,186
9,513
September 377,921 321,355 3,008,844 2,658,867
July.
Autiust...
11,579 12,030
21,789 17,832 160.042
128',63i
September 63,408 46.052 467.912 842.574
September c62,657 C61,773 O 578,797 o 656,430
September 13,291
105,522
6,879
74,717
September
Lexington Ry
London St Ry.(Can.) Septemfier
Mad. (Wis.) Traction. t^epttmb-ir
Met West 81de Eiev.. 8ept«-mber
Ry.ALtCo Sep'ember
MIL Lt Heat & Tr. Co. September
August...
Montreal Street Ry
MlLElec.
.
82,882 72,987 464,998 884,567
11,645
7,116
89,002
76,071
31,7-4 27,3^5 232,9 '1
201,458
19,63t 18,157
182,517 Uft.66l
7,52.'.
8,04 f<
69,488
60.624
169,899 157,126 1,518,702 1,400,682
271,51t 255.819 2,235.597 2,0J ,425
43,059 35,350
321,43(4
266,501
211,81^ 199,404 1,468,346 1,364,070
Mask. Tr.(fe Light. Co.
September
September
Department... September
Street Ry. Depart.
Electric Lighi Dep.
7,51.'^
2,880
4,018
OadB
Bfew Lonflon Ht Ry.. Aof list. .. 10,799
5,474
N. Y. A L. L Tract.. August
Norfolk Ry. & Light. August
68,098
Wor. Ohio 1 r. & Lt Co. September 84,015
Northern Texas Trac. Sfptember 41,949
Northwestern Elev.. September 102,160
Oakland Trans. Cone September 100.2 5'/
9,318
Olean St Railway... Augnst
14,025
Orange Co. Traction. August
Philadelphia Co and
7,904
2,136
2,984
12.427
8.072
95,92.'>
83,32(;
6,319
14,247
September 1,199.076 l/)86,798
Union Tract September 19,7o0 12,928
Pnehlo Al Subnrban
Tract ALlght'g Co September 47,191
Bye Co. Gen.- Roads. »rpt«mber 29,169 26,126
Affiliated Corpor'8.
..
Boekford
&
Belolt
Janeavllle
Septeiuber
1,905
September, 106,779
September' 11,826
r60,242
r 21, 297
r23.206
61,559
r64,ie5
rl5.6e4
rl8,790
61,519
668,302
335,297
910,324
837,911
57,32^
78,648
561.899
848,120
695.717
38.414
69.627
11,327,983 10,108,976
148,801, 123.:^8l
1,903
368,707
244,603
16,806
94,199
940,0811
101,6891
207,051
15,488
822,919
United Ry., Detroit A Port
<k Anaherstburg By.
t Figures for 1902 cover only the dev. Elyria & Western Ry.Oo.
H For the past six months figures are those of the Harrlsbtirg Traction Co.
Street Railway Net Earnings.
Oross Earnings. —
—Current
Previous
,
Hoods.
Cincinnati Dayton & Toledo Traction b ..Sept
Dmluth-Sap. Trac.bSept
Jan. 1 to Sept 30
East Ohio Tract. a Sept
Jan. 1 to Sept 30
Imlra Water L'ht & RR.
July 1 to Sept 30
International Tract Oo.
8ystem(Baffalo)b.Sept
Jan. 1 to Sept 80
Jamestown
St.
,
-
,
Net Eamings.~—m.
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
49,983
391,486
204,661
61,577
465,261
21,677
163,214
Jan. 1 to Sept 30....
June 1 to Sept 30
44,090
344 954
184,501
46,763
396,268
(Street Railteay
26,683
176,078
106,076
23.488
308,220
8,778
58,084
Sl,040
'9'S,295
23,672
189.384
Department only.)
68,120
53,668
14,814
17,22«
377,921
3,003,344
321,355
2,563,867
176,881
1,396,450
169,880
1,171,826
36,107
36,885
31,784
232,971
154,272
19,636
132,617
80,484
32.917
201,458
138.330
18,157
115,661
12,086
16,024
14,713
92,116
66,244
9,278
48,812
8,174
15.218
13.823
88,849
64.869
9,609
44,849
48,304
10,799
61,559
72.079
594,135
212,598
42,076
12,427
51.619
61,164
530,928
184,318
23,749
4,743
14,118
32,113
257,788
95,134
19.465
6.840
19,423
27,619
288.736
83,091
435,681
22,905
73,352
386,201
156,184
12,019
40.742
184,468
Ry.—
July 1 to Sept 80
Lexington Ry. b...Aug.
Sept
Jan. 1 to Sept 30
May 1 to Sept 30....
Lond.8t.Ry.(Can.)aSept
Jan. 1 to Sept 30
N. Y. & North Shore (now
Long Isl Elect Co.)b—
July 1 to sept 30
New London St. Ry.Aug.
Jan. 1 to Aug. 31....
Syracuse Rap. Tr.bSept
Jan. 1 to Sept 30
July 1 to Sept 30
UnitPd Tr. ( Alb'y) b.—
July 1 to Sept 80....
Western Ohio By... Sept
July 1 to Sept 30....
youngstown-Sharon Ry.
& Lt. Co.a
Sept
Jan. 1 to Sept 30
—
27.3fS5
18.862
156,906
43,781
383,220
a Net earnings here given are after deducting taxes.
b Net earnings her e given are before deducting tazea.
Interest CIiargeB and surplus.
l7it., Renlalu, etc.
^Bal.of Net Earn'gs.~.
—
/
Itoads.
Cincinnati Dayton A ToSept
ledo Traction
Jan. 1 to Sept 30....
June 1 to Sept 30
Dulath-Snp. Tract. Sept
Jan. 1 to Sept 30....
>
Current
Previous
Cnrrent
Previous
Year.
Year.
Yea?:
Year.
V
V
V
^
16,000
144.103
64,291
15,832
139.035
16,261
65,240
14,619
131,819
10.583
31.975
40,785
7,651
69,185
4,789
'28.066
9,063
67,446
Elmlra Water L'bt A RR.- (Street Railway Department only.)
*2,266
12,374
11,287
July 1 to Sept 30....
*6,200
International Tract. Co.
127,445
System (Buflalo)..Sept
Jan. 1 to Sept 30.... 1,166,667
125,887
1,129,869
49,486
229,783
33,948
41,966
7,779
4.321
4,320
39,264
22,124
2,109
20,333
*4,952
9,612
9,301
44,127
*1,071
10.897
9.608
Lond.StBy. (Can.).. Sept
Jan. 1 to Sept 30
N. Y. A North Shore (now
Long I-l. Elect Co.)—
July 1 to Sept 30...
Syracuse Rapid Tr.Sept
7,787
5,412
5.412
47,989
27,060
2.432
19,872
39,184
6,796
28,890
44,586
42,746
7,400
24,666
9,186
20,329
9,180
19,026
-14,870
11,784
*10,486
8.594
United Trac. (Alb'y)—
July 1 to Sept 80....
76,148
71,597
•93,431
'91,800
Jamestown
4'ii',13"8
67,492
Pottev.
Light Co'B
Boohester Railway
Tear.
Htiron Shore Line and the Sandwich Windsor
r These figures are from Mar. 1.
Lehigh Val. Trac. Co.
July
Street Ry. Dep
Bleetrlo Light Dep. July
Freviaut
line.
d Figures here are from July 1.
n These earnings include the Detroit
159,758
d8,SS7,0T« dS,40S,4S4
58,634
42.70^:
9,683
August
9,0il
68,883
54,381
September 43,159 (30,464 330,232 1219,969
September 23,023 19.39f^ 164,x86 151.895
19.201 81.066
Dart & W'port StRy. August
96,614
91,596
Detroit United Ry..n 3d wk. Oct 82,680 74,03 3,554.592 3,175.3*1
Dnlath-Snp. Tract... 2dwk.Oot 12,274 10,285 489,276 417,070
East Ohio Traction. September 21,677
153,214
Elgin Aurora & Sou. September 40,446 37,806 346,170 308',246
Havana
'
Ourrenl Previous
American
21,932
^;^'
1
STBEBT BAILWATB AHD TBAOTION COMPANIES.
Eabhihqs.
Latest Dai
Sao Paulo (Brazil)
Tram. L't & Po. Oo. September 126,000 102,960 962,800 822,020
Savannah Elect Co. Aagust
60,756 46,196
Scranton Railwav... September 78,622 55,647 619,677 378,982
Seattle Electric Co.
August
188,541 179,116 1,363,929 1,186,605
South Side Elevated. September 122,830 114,868 1,135,882 1,042,783
Springfl'd A Xenia Tr. Wk Oot25
994
46,996
Syracuse Rap.Tr. Ry September 72,079 61,164 594,136 630,928
Tampa Electric Co... June
26,563 18,897
Terre Haute Elec.Co. August
46,865 34.466
Tol. Bowl. Gr. A 80. Tr. September 28.915 21,974
Toledo Ryu. A Light. Sepcember 150.011 127.639 1,226,928
1,069,067
Toledo & Western.... July
17,152
Toronto Railway .... Wk.Oct 24 39,777 34,423 1,698,753 1,422,881
^win City Rap. Iran. 3<J wk. Oct 77,266 68,861 3,254.846 2,870,926
crnlon(N. Bedford*.. Augnst ..
38,377 38.390 245,821 221,697
Onion Trac. of Ind.. September 103,093 86 845 822.601 707.192
Hnlted of San Fran.. September 541,196 486,777 4,580,677 4,029,377
Utlca AMohawk Val. August
73,261 62,489
WM8h. Alex. & Mt V. September 2l,287i 17,666 173",336 155,4¥3
West Ohio Ry
September: 22,905|
73.352
youngstown -Sharon September! 43,7811
383.220
( Spanish silver.
I These are resiuts for properties owned.
—
Obobs
1 to
9
9
St. Louis Transit
September 686,109 661,921 5,401,812 4,731,256
San Bernardino Val.
Tract Oo
August.
8,144
d 16,330
2,113,909 df.2,081,450
685,439 df.863,461
Total net income....
WukorMo]
Jan.
Preifus Current
Tear.
Tear.
,
IiBHIOH V1.LLBT RAIUIOAD OOMPAITT.
July 1
September.
Int.,
Latest Gross SSarninat,
Oboss
EXBNINOa.
.
d Charges Include sinking fund and preferred dividend.
e These are net charges after allowing for other Income received.
>
[Vol. lxxvii.
St.
Rv.—
July Ito Sept 30....
Aug.
Lexington Ry
Month
of
Sept
Jan. 1 to Sept 30....
May Ito Sept 30
*
After allowing for other Income received.
i
Oct.
THE CHRONICLE.
31, 1903.]
First preferred stock
So«ond preferred stock
Common
Central of Georgia
andn. N.O.
liW
1389
liM
1289. 1301
18=8. laj-S
121»t
128*
1^"3
}~^^
Clfvelanrt l^r. Jt Wheeling
Craoible Ste^ of America
Greene Connol. Copper
1
Kanawha* Michlattn
Mergeuilialer Linotype
IBJlO
New
121)1
12»7
YorkSusqueh. & West
Lonls
.
& San
The company's seventh annual report
SinkiuK funds, accrued
M scollaneous
H*8
687
787
767
1902 03.
3,675
Equipment —
Looumullves
Passeneer f qulpment
Prelght eqaipment
Company
cars, eto
Operaiioits
510
842
464
308
21,129
16,939
14,985
543
472
379
President Franklin
21,620.882
19,324,279
3,438,840
2,613.161
9,019.264
s04,723
2,978,847
2,212,306
7,649.347
6dl,970
2,624,416
2,005,404
6,180,104
599.963
15,875,978
Total
(65 36)
of opera'g expens. to earns.
8,413,532
Net earnings
13,472,471
11,409.887
Hatntenanoe of road, eto
Maintenance ol equipment
Xraneportailon
General expenses
P.
(62-31)
e.
7,914,392
1901-02.
1900-01.
Add
8,413,538
8,148,411
7,914,392
131,095
5,075
607,132
177,699
19,461
176,149
Land departmeat
Dividend on O.
jeoelpts
& East. lU. stock
Total net Income
DedviciInt. on rand, debt & equip, notes
Rental of leased Unes
Taxes
Bental of tracks and terminals..
Dlv. on pf. 8tk. ctfa. O.
"
"
com.
HlBcellaneous
Dividends*
& E. I.,RR.
"
Total
Sorplas
8,845,572
8,101,200
3,530,437
2,780.865
383,820
98.774
186,628
702,694
3,191,720
2,431,069
360,759
81,546
2,5S6,658
l,8b7,672
338.074
75,097
889,742
805,881
220,619
996.920
8.521,861
634,975
6,873,374
1,472,198
6,101.041
1,997,159
Dividends paid were 4 p. o. on Ist pref. in all the years
pre!,, 4 p. 0. In 1903 aod 1902, and 'i^ p. o. in 1901. Also 4
K. C. Ft. 8. <fc M. com. stock In 1901.— V. 77, p. 951, 770.
*
:
been as follows
H,t59
9,156,836
;
C.
&E. l.RR Co
preferred stock, cost
RR. Co. oommun BtocK cost
New equipment
Americ»n Car A Foundry Co. trust equipment
C. A. E.
I.
Befundinti mig. bonds in ttU8t(ContiuT Tr. Co., N. Y.)
Ciub in trea%urT
Casbin rust companies f.r coupons and sinking funds
Due from lijenis and conductors
Due from r iilroad comoaiiiei. account traffic
Due from oomp'tnies atid individuals
Due from United plates Govemineat
Supplier on h n.j
Unadjusted open accounts (biliace)
Securities
111
treasury, cost of
Advances, account roads under construction
Sinking funis account
Misceliaaeoas ...
ToUl
Assets
1887.
W. Cram
says in part:
earnings, expenses, charges,
etc.,
144,711
105,965
97,763
Total gross earnings. 1,800,168
1,708,937
1,449,455
1,230.423
343.699
139 685
576,6^8
70,577
5,558
378,307
119,847
533.200
70 531
6,279
28S879
98,529
455,873
68.640
221,641
88,443
882,704
49.547
4,206
1.136,117
664,051
1,107,164
601,773
913,339
536,096
746,841
414,891
13,909
118,741
404,930
Mi8oeilan«ous
Betterments
482,515
33,161
67,063
351,564
177
79,020
Total
Surplus for year
572,739
91.312
547,541
64,232
48'H,488
Oper expen. and laxet
—
General expenses
Taxes.
Total
1002
$100,632,122
1,744.893
Net earnings
Fixed charges—
Int. on binds & oar trusts
5.677,510
62.0'iO.SlO
4,9ii9
1,558
80,000
88,700,097
6.Si57.650
1,845,0jO
795,911
20j,000
l,64-,w80
206006
a4=>,726
818,wl0
I,lu8.543
lo0,96l
2,52i,«79
135,783
966,9iJl
yo3.
Cost of road, eto... .8,822,145
Equip, account
2,48'2,2i)6
lu--,6 6
l,6f3,084
5u5,iti3
6,46.i,'.i7*
3,468,241
!S,164,917
l,-3i5,l5t
l,22<!,-<04
Iu0 873
1w,6.j3
$X67,159,433
$211,334,048
49,608
CONDENBRD GENERAL BALANCE SHEET JUNE
»70.7:!4
119 913
l,0'6 3i2
196,976
have
179,037
Malnt. of way & straots.
Maint. of equipment
Oonductlng trausport'n.
on 2d
p. o. on
S,9"2,"<j0
this
:
Mall, express, oar servloerents, etc
17,660,500
I,»055t3
8211,331,048
OPEBATIOMS, BARNIN08, EXPENSES AND CHABOEB.
1902 08.
1901-02.
1900-01.
1899-00.
Operations421,''63
Pass, earned (revenue.).
348,5.'S8
481,810
315,747
do
do
18,471,087 16,73<i. 831 14,402,762 12,886,390
1 mUe
Ratep. passeniter p. mile 2-50 cti.
2*48 cts.
2 48 ots.
2-47 cts.
Rev .freight (tons) oarr'd 916,805
92.'i.6ll
814,797
688,974
do do carried 1 mlle.85,6J8,029 84,338 878 74,646.024 57,265,060
Rate per ton per mile... 1-361 ots. 1-862 ots. 1-318 ots. 1-42 cts.
Earnings $
$
$
$
PasseLgers
462.782
415.218
359,467
317,893
Freight
1,168,399 1,149,003
984,023
814,776
COIIDEN8BD GENEEAL BALANCE SHEET JUNE 30.
Atsett—
1803.
Franchises and property
tl88,l'.ii,600
.Stocks aud bonds owned
3,dl.J,U10
Suspense accou a— D fference between cost of vinderlyinu bOL.as refunded ana proceeds of 4 p. c. relanding Don js soil tne-efor
Leasenoldes ate-K C. F. i. 4 M. Ry
6.1,691.77*
Franchlnes ana property, auxiliary companies
3:t.210.534
8,-269,468
» 67,lB9,43i
Eqdipmemt AND EAKNIN08. -There were expended from
atatisticH.—The
-
MlBceilaneous Income
8\378
8,909.2l!e
should arise to affect the condition of po atoes, at this writing superlative as to yield and quality, the volume of tonnage to offer will
heavily tax all the motive power ibo company owns and all the oars
it owns or o^tn obtain.
Improvements. Additions, Etc. -During the year 150 freight oars
were tqalpped with air braftes and but 31 remained to be equipped.
It is expected that when this report Is presented, all cars in oommerclal bDslness will be equipped with air brakes, automatic couplers and
hand grat)s to oomplv with the requirements of the Inter State law.
The extension north from Van Buren was built to secure some large
eawmlils now approaching completion; total length of track laid,
14,H17 feet Other new spurs, sidings and siding extensions laid during the year aggregate 47,884 feet. The total of aU sidings on June
30, 1903, was 93 miles.
Twelve and one half miles of new 70-lb. per yard steel were laid in
main line and 13 miles of 66-lb steel on the Ashiaad Branch replaced
with 70-lb. per yard steel elsewhere released. All but two miles of
the line Ashland Junction to junction with the Fl»h River RR. will,
when this report is presented, have been laid with heavy steel, and
that parr of the road well ballasted; 153,000 tie plates and 10,4^0 new
(Weber) joints have been purchaRed and mostly used to strengthen
the track on curves or where traffic is heavy; 26,0 m yards of ballast
moved and placed; 96sett«of switch ties, and 107.461 cross ties, renewed; 22 wooden culverts replaced by iron pipe, two wooden bridges
on the Iron Works branch replaced with steel, full electric semaphore
plants Installed at ivlUo Junction, BrownviUe and Ashland, eto., eto.
$
Net earnings
671,171
>
IHOOMB ACCOITNT.
1902-03.
16i,37S
and from surplus earnings, not Incladed in
operating expenses, $286,132, viz.: Fur 2<iO box cars, of Su-tons capacity, $144,900; additions and improvements to ro»dway and struoThese expenditures w^re made from proceed* of reinres. $I40,23'2
funning mortgage 4 p. c. bonds, $228,069; from surplus incjme, as
$-i7,0ti3.
shown
Three locomotives were ordered in anticipation of larger Aroostook
crops in 1902 than any theretofore. The planted acreage warranted
this expectation, bnt the season was exceptionally cold and wet, and
not only was the yield of potatoes most disappointing, but the Fish
River RR. construction was several months delayed and the road was
not opened to traffic nntU winter. These caases. the Inability of our
mannfaotnrerH and communities generally to o tain coal, and the
breaking np of woods roads in the spring of l^O? Ave or six weeks
earlier than osnal, lessened the gross revenue for the year fully $100,000 and probably nearer $130,000. The cost of the locomotives with
addiilODal betterments up to about $80,00 in the aggregate, will be
oared for from the currentlyear's improvement fund.
The growth In population, land uudar caltlvatioa, and in manufacturing development, has in the past two years been greater, probably, than ever before In Northern Maine, anl if no adverse conditions
(59-04)
8,148,411
127,436
l.BOrt.iBO
year's Improvciuent fund,
1.
24,289,610
43,5^
liH,477
l,49'i,0*«
9«7.v>66
All
New
3,740,969
3.678,844
4,181,637
PaesengfiB oarrl«d
214,314 007 185,236,488 170.48H.848
PaseenKers carried mile
2-2 ots.
2-296 cts.
2-279 ots.
Rate per passenger per mile
10,(i49,93l
9.068,650
8,798,261
Freight (to u 8) carried
Freight (ions) sarrled one mile.. 1749596697 1637557119 154O2060l*i
0995 ots.
0963 Ots. 0-894 ots.
Bate per 'Oa per mile
186'91
200 2i
19501
Aver, train load (revenue), tons.
$1'0458
$.0081
$10171
Earnings p passenger train mile
$1-7813
$1-7897
$1 9398
Earnings per frelKht train mile..
$6,647-77 $6.611-45
Gross earnings per mile
f 6,608 98
$
$
Grois earnings —
9
17,39'*,876 15,60«,243 13.920,672
Freight
3,762,9tt5
4,-.i53.7ft8
4,885, i63
Passenger
46 .473
630,969
471,751
Mall
526,321
4?9,874
680,336
Express
844,lt>6
762,810
728,759
Mlaoellaneons
Total
Operating expanses—
H40,000
9,479,&40
Bangor &, Aroostook Railroad.
(Report for the year ended June SO, 190S.J
1900-01.
2,922
5P6
S87
B.
1-'0,MB
l,0P6,4i4
107,471
loss
at consider-
1901-02.
3,252
209,000
00
owned by the Company, except $51,100 of the Fort Worth 4 Rio Grande
Railway C .mpany Issue.
t8-.74 ,600 of the funded debt of auxiliary companies Is owned by the
Company, of whiob $2,009,000 is deposited under the refundluK mortitage;
$S9w,^0j under the K. C. F. S. 4 M. Ry, Co rofundlnn mortgaKe. and $339,000
:
(average)
1,846,000
l,ifil,^80
Total
*
able length on pages 1537 to 1643 of tO' day's Chronicle, embracing the remarks of President Yoakum, comparative
tables of earnings, and balance sheet for two years past, etc.
Comparative statistics for three years have been compiled
for the Chronicle as follows
OPEBATIOMS, BARNmOS AMD EXPEM8B8.
MUee operated
matured
Iiiternst on b )nd8, accrued (not due)
Taxes accrued (not due)
ProUiand
H>,«/l,9a0
8,Hf"«,7a9
I,413,-i09
sa
71H
30, 1903. J
is jjlven
2,'2
947
2i)tt
13,0-14,100
2,149.186
Railroad companies, account tra£Bo
under the trust mortuaKC of
June
RR
Companies and Individuals
Francisco Railroad.
(^Report for year ending
2m,000,000
69,01W,085
13.510,000
15,oon.00O
8H,4W0,610
';6,0«n.>'8B
Deferred payments, O. C. t W.
Noiea payable
AutiltPd vouchers and pay rolls
Interest on bonds,
Boston A Worcester St. By. (balance sheet July 1)
698.
Brooklyn Rapid Transit
InornationHl Traction (Buffalo)..
Intornrban St Rv.. N. Y
New Cirleaui Railways (6mos.)---rhila. lUpId Transit
United Traction of Albany, etc....
IWO
4Tox P«o
St.
STRBKT Railways—
BlnKhamton (N. Y.) By
i-x-is?S
..
Paoe.
0,000
16.0 0.000
13.(Mn,0 O
cortlflcates
»took
IB.ouO,' 00
S5.0fli, 10
Fumiod dent and equipment notes
•14,i«",7()0
Capital stock auxiliary companies
Funrted debt, auxiliary companies
tl9,I06,920
I'reforred stooK trust ortoitloales C. * K I. RR
«,'57,5S0
17,Hii0.5
Common stock trust cortittcaies C. 4 E. I. RR
Equipraent notes
S.9 -2,000
I,0dl,i70
Equipment notfS American Car A Foundry Co
bonds,
Nonh
4
wester
c.
a
Division,
RerundiiiK mte
p.
ano.ooo
imurvement and Houlument fund
12W3
12«1
Ti>l.'do A Ohio Central
12w6
Toledo St. Louis A Western
087. 1289, 1305
Wabash liK
Vi-t-i
1908.
(is,0
Common
1291, IHOe
Paclflo Coast
I'uilman Co
12fl3
A Qulncy
A liajton
ChlcAjjo Burl.
Clnoln. Uain.
Is
RAILHOADS, ETC.—
Page-
stock
Funded debt
K. C F 8 A M. Ry. preferred
an index to all annual
reports of steam railroads, street railways and mIscellaneouB
oompanies which have been pnbllflhed since the last editions
of the INVKSTOBS' and Stbkkt Railway Supplements.
This index does not inclnde reports in to-day's Chboniole.
R.<II.ROAD9. ETC.—
Amer. I>lght A Traction
American Multlni:
Amerioau Tyue founders
AtUntlo Jk K'rmlnKhani
Bangor Jt Aroostook
Buffalo A Susquehanna.
19ns.
(6,000,060
16,000,000
89,0 0,oO0
LlabttitUt-
ANNUAL REPORTS.
Annual Reports.—The following
1529
Cash
Mat'l, sup. 4 store.
Corap's & individ Is.
Net tratac balance
.
.
Due from agents
.
Suspense accouuts.
Aro. .8. o o. com. stk.
Real estate
973 737
Total
'
-V.
77,
,
1902.
$
8.711,7»a
2,3:^0,580
s:67.337
270, B5
416,«77
'4.261
203,781
47,l9c(
2ti.«82
47,66 H
20,573
8
,34>(
9,9i8
IT ,896
41,807
'
Common
stock ...
Preierred stock...
430.761
53,121
30.
1903,
C
,050,000
«00
1902.
$
1.(50,000
64,400
Bonos 4 car tru-ts
(see INV. supp.).l 0,487,000 10,143,000
Interest 4 rentals
213,7-'0
accrued
187,345
Pay rolls 4 vouch. 110,862
184,570
Miscellaneous ....
21, 92
540
payable
iV,8fl6
Bills
41,507
Profit
12,804,978 11,724.383
p,'i^"l95.
lAaHHties—
4ri3,882
and
Total
13.M22
loss ....
,
185, 43
'94,530
12,204,978 11,724,385
THE CHRONICLE.
1530
Ibicago & Alton Rail^ray.
CReport for the year ending June SO, 190SJ
On pages 1544 to 1546 ia published in full the remarks of
President Felton from the report for 1903-03, and also the
balarce sheet, income account and profit and loss account.
StaUatie^.—ThQ earnings and expenses, the ircome account, various statistics, and a comparison of the balance
sheets of June 30 follow:
OrEKATIOMS AND FISCAL RESULTS.
Averaee mllrs operated
tptralion$,
1901-02.
1900-01.
920
920
$11,002
5,S77.995
$10 032
etc.
GrosB receiptB i>erTOlIeof ro^a..
Tons of revpnae freUhl carried.
Tons
1902 03.
915
of r«v. f^^l|^ht car. 1 mlie..llO'i79a463
f2 16
^9« cts.
PasVere can led (lev. pat.8 only). 2 879,874
F»8»eBKer8 carried one mile
146,853.521
1"98 ots.
Kecelp'8 per pa»»engerper mile.
FreiKht receipt* per train niile...
FreMht receipts per ton p. mile..
Receipts per pai>6'ifer train mile,
IncluillnK mall and expres*
Aver, train load (revenue), ton«.
Rettipts—
Frujtht
Passenger
Mall
Express
Miscellaneous
Gross
Mxpt met—
Maine, of
way and
Btrnctures
eta.
$1*19
$1*10
31598
$1-11
$
10,071,092
9,225,739
9,036.665
1,213,865
1,190,832
959,331
1,042,078
3,797.475
225,034
1,109,514
3,384,637
233,105
6,023,918
6,595,668
Total operating expenses
of oper. expen. to earnings.
Net recelptf, taxes not deducted.
6,625.198
(6679)
3,445,896
241,2M
198,308
80,207
(65-29)
3,201,821
INOOMK ACCOUNT TEAS ENDING JONB 30.
190203.
190102.
Totalis come
DedKe
.
of leased property
Mleoellaneous
}nt^ on 1 St lien bonds of
nt.
Ry Oo. .
trust rotes...
p. o. collateral
.
on4p. o ooUat.
Discount on 4
3,201,821
1,525,622
244,449
2,617
4,729,960
5,954,141
2,573.175
241,125
190,600
77,714
879,412
(61-92)
8,440,987
1900-01.
3,440.987
l,ti
truet notes sold
Interest on loans, etc
6.769
4,972,368
Total charges
Surplus available for dividend...
Diva, paid on pref. stock (4 p. o).
1,200.000
245,021
345,000
Cl,644,462
7,105
770,000
97.004
959,790
337,027
34h.000
989,560
237.027
830,437
1,689,643
3,158
l,8kl6,467
770.000
770,000
4,364.926
861,041
781,760
3,9f>4,617
825,343
781,760
4,123,461
848,9c8
surp. for the flxoal year
69,281
43.583
67,148
X Under its lease of the /JiWrood, the Railway company operates the line and
as rental paid in IwOS 08 the interest, taxes and rentals, and also the t>alHnre f
the ruad's net earnings, 91.6tl,-ib2. From tbis last was paid 7 per cent ($l,5<l.'),,
don
stock. This stock is nearly all owne by IDe rail
way company, which therefore treats the dividends received thereon ($l,5i:5,622) as "other Income," as shown.
OENEBAL BALANCB SHEET JUNB 80,
'i
Uro
its
Aitett—
Road, equipment, etc
1903.
1902.
$
$
1901.
66,280,517 61.152,6fi0 6l,148,S12
972,846
393,100
1,144,106
Oaeh
Bonds owned
Station agents and oondactors..
Indlvldaals and oompaales
United Btates Government
Advances to Chic & At. Ry. Co.;
Betterments and eqaip't (net).
Materials and supplies
Contingent assets
,
$377,000 general oonsollda'ed and ilrst mori. 5 p o. bonds (for Roggville Branch, $197,< 0>i; second main track, Tf^rre Haute Division
13 07 miles. $104,000; equipment, $76,00')) and by the l'<«ue of $372,-'
000 In'erlm cenifioates to be exchanged for gAueral consiiidated and
first mortgage 5 p o. bonds to be i8#ue1 on the completion on or before Julv I,l«<i4, of new road now under construction, viz.; Woodland to Villa Grove. 60 mllea Flndley to Paua. v2 miles; RoesvlUe
Branch extended to Freelaud. 2-5 milet*; Hunt's Extension near Clinton, southerly, 7 miles; second main track. Terre Haute Division. 10
;
miles.
Additions, Etc.— The "cost of road and equipment" was Inoreaaed
t ear $1,902,336. as fo low*: Kqulpment. $2,OS4,3»4;
lees
charged cfT for depreciation. $sOO,0< 0— «n,T84.s94; new shops at
Oakiawn, Danville. $102,988; terminals at Doiton Junction (moklng
total expet ded thereon to date. $?96.913). S<2,732; RossvlUe Branch.
$133,4*9; Milford Branch, $801; Hunt's Extension, $26,45^; aeoond
main tracks, (Terre Haute and St. Elmo divlmous, $121,382 total.
$2,202,202; less premium on bonds sold, $299,866; charged to "coat
of road and equipment." $1,902,336.
In addition expenditures aggregating $289,971 were made for right
of way. new ccin*' motion and permanent bertenuenta, and charged to
"Income account for the current year, viz Rlcht of way, $26,315;
dtirlng the
;
"
:
aadltlonal sidetracks (15-47 miles). $il9,8H7: Hubstitutlon of heavy
for light steellin track, $26. 1'/ 3; bridges. $3 132; buildings. $44,956;
water statlors. reservoirs and filter plants, *4'<, 63; yards at Dewey
and Brewer $13,884; reducing grades, miscellaneous. *7,oio.
Equipment.— Twenty frelKhc engines were received and paid for.
New ars werereo«ived as follows: 2 baggage cars. 15 caboose oars,
1,501 b X cars, 750 coal cars. 1 steel coal oar and 1 ateam shovel. Cartrnst notes, payable one-tenth yearly, were given to the American Car
<b Foundry Co. for 80 p o. of the cost of 1,000 box cars and 750 coal
cats. The 20 p o and the cost of the other oars were paid in cash.
The river steamer T. H. Davis and the steel barg K-<nnard were
bought and paid for and the coat included In "cost of floating equipment," under "coat of road and equipment."
I
<^*u fistics.— Operations,
below for four years
1902-03.
Mile8oper.Jnne30.
Operaliont—
761
2,828, eOO
47(5,442
701,189
76,312
616 672
335,009
231,850
Total assets...
70,969,637
lAabilitUi—
Oommon stok
19,542,800
Preferred stock
19,544.000
82.COO,OcO
3H percent bonds
4 p. 0. c llateral trust notes
8,635.000
Pay-rolls and accounts
1,307,896
457.700
Coupons due July
Dividends payable July I
391,875
267.096
Interest and dividends not due..
Loans and bills payable
2,510,000
114,645
TratUc bslanoea
Proceeds sale of Chicago proi>'ty.
615.248
.Oon'lngent Mability
14,037
'Miscellaneous
569.438
Income account, sarplns...
94,332
283,239)
126,231 $
4,490,944
456,073
342,767
124,044
596,307
4,238,664
292,738
70,969,637
67.339.246
19,642,800
19,^44.(
00
22.000,000
1,1^-0.565
385,000
391.534
267,096
67,534,661
19,642,800
19,544 000
23.000,000
1,822,969
888,037
391,283
Earnings—
263,«13
Z3,416,301 z3,118,599
101,792
600,157
463.071
67,889,246
67,634,ti61
follows:
1902-03.
1901-02.
1900-01.
$21,121,671 $20,191,111 $19,328,289
12.639,477 12, 55s, 646 ll,67d,20K
$8,482,194
863,844
$7,632,465
1,000.970
$7,655,083
Fixed charges, etc
$9,3*6.038
6,276,513
$8,633,435
4,917,715
$8,575,626
6,936,295
Balance, surplus
$4,069,625
$3,715,720
$1,640,330
Total income
— ?.i7e, p. 809.
189900.
7ii
$
$
1.178.041
6,354,225
191,682
$
1.044,053
5,038.727
194,714
968,74«
4,62i,062
169,6i8
$
877.100
4,106,620
166,177
Total
7,723,848
Expenses Maint.of way&atrnot. 661,035
Maint. of equipment.
860.t)37
Cond. transportat'n 2,574,055
General expenses..
216,861
Taxea
239,501
6,277,494
5,659,446
5,148,897
611.567
737,8^7
1,947,340
169,499
2a3.489
635,613
605,e0i
l,854,9t)8
189,572
225,534
480,419
570,442
1,661,249
146 912
204,606
4.552,089
3,699.732
3,471,294
3.063,627
r58 h3)
(58-94)
Other income
3,171,759
372,799
2,577,762
249,147
(61-34)
2,188. 1".2
2.086,270
219,063
214,889
Total
3,544,558
2,826,909
2,407,215
2,300,169
1,282,324
1,245.889
1,201,671
1,126,189
Passengera
Freight
Mall, express, etc...
Total
expen. to earns.
Net earnings
P.O.
Deduct—
on bonds..
on oar trust
Interest
Interest
notes
330.675
Rentals
157,523
6 p. 0. on pref. stock
409,842
Dlv. on com. stock.. (6) 433,068
Deprec'n of equip't.
300,000
New construct., etc.
2»9,971
Total
Balance, surplus
3,203,403
341.156
920,:>42
(fS9
50)
132,138
137,.578
183,648
409. 8*2
379,842
349.842
(6) 431,868(5ifl)370.8''9(4>s)278.901
71,602
53f>,570
66,793
250,452
2.826,909
2.407,218
BALANCE SHEET JCNB
129,206
2,067,736
332,424
30.
19<.2.
1003.
1902.
$
7,197,800
6,830,7tO
AsstU—
%
I
Road and equipment
37.(176,558 35,774,217
Bonds and stocks.. l.COO.OOO l.OO'i.OOO
HaMUtin—
Common stock
Otber investments
Advances for con'u
inlilDK fund
Bills and accounts.
vestors' Supp.)25,«e6,ooo 84,678,000
Car trust m tea
l,af6,«94
7<.3»8
Msi'als
&
supplies.
Cashassets
Cash
Total
Central Pacific Railway.
(Statement for the year ended June SO, 1903.)
The results for the fiscal years ending June 30 compare as
Net earnings
otkerinocme
1900 01.
727
3,797.099
3,497.127
3,488.263
60.862.407 69.495.404 66,466 496
pass
per
m.
1-72
p.
ota.
172 ots.
1«3 ots.
1-68 eta.
Fr'Khi(tonB)oarr'd.
8,631.401
7,011,362
5,914,394
6.876.261
do do
mile.
1396650087
1096645035 917,170,653 860.501.320
1
Rate p. ton p. mUe.. 0-465 ota.
0-469 eta.
0*493 cts.
0*483 eta.
..
—V. 77, p. 950, 509,
—V.
Gross eamlngB
Operating expeoaea
190102.
738
Pass, carried. No...
4,189.708
Pass, carried 1 mile 68,617.286
1903.
Total UablUtles
77, p. 1225, 950.
earnings and charges are shown
:
7B1.760
Bal.,
S4«) by tn"
President B. F. Yoakum says in part :
The gross receipts from tradlo. as compared with the previous year
Increased 2304 p. c. or *l, 440,354, and the net receipts increased
23 04 p
.or $593, 99S. The RoesvlUe Branch, extending from RoasviUe Junction. 111., to JudyviUe. Ind.. 13-77 miles, was completed and
put in operation. No additional stock was Issued.
Bonds.— The funded debt was Inoreasea $1,049,000 by the issue of
Rate
29.728
123,943
2,663
Miscellaneous
Chicago & Eastern Illiools Railroad.
{Report for the year ending June SO, 190S.J
25,6:^2
St
A RR, V z.:
Int on 3 p. 0. refunding bonds.
Rentals payable b^ O. & A. BR.
Taxes
Net earnings
3,445,896
1,625,622
6,216,967
—
BentalB raid underlease of C.
283
*
6,127,505
2,578,468
237,931
Net receipts from operation
Dividends on stocks owned
Interett on bon'''e owced and miscellaneous income
1-94 ote.
6,610.637
3,908,583
241,112
218,039
92,721
3,983, OoS
0.
1-86
360 65
$
M*intenanoe of eqalpment
Conducting transportation
General expenses
P.
$9,826
4.922.391
4,635,120
903,74.^,440 823.069,718
$2-14
$^08
0-679 ots.
0'723 ot8.
2.«9^.905
2*353,228
138,591.857 132,887,965
[Vol. Lxxvii.
2,986,««'«
41H,7fl6
«'40,630
1,B42,864
490,946
^20,60S
615,473
801,115
822,620
960,000
371,528
78M10
),045.fi60
.45,197,877 41,918,033
t
7,204,400
Preferrei stock... e,8Jo,;00
Bonds (see In-
Interest
&
dlvid'ds
aba.!* 1
...
48.951
043.906
40,800
Hay-roll3,voucb..&c. 846,86'i
Equip, approprta'n
Income account... 2,713,472
1,701,072
Taxes, etc.
Total.
.
P4.\l)!3
$1 8,«5ii
.45,107,877 41,018,088
Toledo St. Loiil8 & Western Railroad.
(Report for the year ending June 30, 190S.J
President Benjamin Norton says in sabstance
Oenrral Results.—The gross earnings in 1903 exceeded thoae
:
for
li>00 [not I90.i— ED]by $1,170,979, or more than bO per cent, and
the net earnings were more by f475,08'> than for 19 0, or 125 per
cent, the nuiuber of miles operated remaining unchanged.
The fhowLng in the trafflo departmeot baa been highly aatiatactory.
Although the rate per ton per milewas5*i4 mills, a decrease of -39
mills compared with the year 1902. the gross earnings per mile were
f 6,9ti3, an increase of $1,044 over the previous year and $2,598 over
the year 1900. East-bound tonnage Inoreaned 251,303 tons, or 27 per
cent, and west-bound tonnage Increased 144,858 tonn, or 20 per cent,
while the produce of manufactures increased 162,769 tons and the
gross earnings from the transportation of grain were inoreaaed by
$226,000.
The train-load for the year baa averaged 296-70 tona. as compared
with 285-57 tons in 1902. Car mileage shows a decrease In our favor
of $^4,977, dne largely to the perdlem system of accounting for the
use of oars, which went Into eft"ot on July 1, 1902.
The Uooda In the Mississippi River, which began early in June,
proved to be disaatrous, much of our traoka in £aat St-. Loala being
. .
.
Oct.
4
)
31, 1903.
THE CHRONICLE.
|
resuUlnjr In a loss of traffic ot not le«9 tUan $4O,00O. But
lor Ibis th»< «rt)8M earnlnKB lor the flsoal year would have exceeded
HlarnUgs,
BUbmt<r(i<>(l,
»7,0OO per
)
ballast.
PORCHABK —During the year the Joint purchase with the Grand
Trunk Western Railway Co. of the Detroit & Toledo Shore Line RR.
has been oonpummated. and in a few weeks It Is exproted that tbls
property will be lu full operation, giving us a direct entrance Into De
trolt, praciloally lnor»aslui{ our mileage by 60 mliCs, giving us an In
dependent ontlei to the East and completing a close all anoe with the
Grand Trunk Railway, which should add not only to oar revenue very
materially, but place us In a strong position strategically.
Earnings, Etc.— The statement of operations, earnings,
etc., and the balance shett of Jane 30 follow
:
OPB&ATIONS, EAKNIN08, BXFBH8BS AMD CHAROBS.
1900-01.
1901-02.
189900.
1902 OS.
Operation$—
625,032
656,192
584.626
799,793
Passengers carried.
do 1 mile. 27,2S6,029 34,S64.M4 23,373.063 32,078,107
do
1-919 Cts.
1-83 Ots.
1'76 cts.
Earn, p paxs. p mile 1 -933 eta.
71-84 cts.
64 ots.
e6 cts.
Pass. earn, p ir'n m. 73 88 ots.
1,665.4-23
l,bOO.«68
1.332.566
Tons freight carried 2.061,&84
do
do
1 mile. 61.»19,723 357,3!«5,ee8 349.044,272 242,256.747
0-553 Ctfl.
58!S ots.
542 ots.
Earn. p. ton p. mile OM4ot«.
$1-36
91-58
$1 53
Fr'gbt earn. p. tr. m.
286-6
250-9
260-8
29.°k-7
Av. tons p. train mile
$5,5:26
$4,305
95,859
Oroas earns, p. mile
$6,908
Xaming$—
Freight
Mall, exp.
A mlscelL
Total earnings.
$
$
9
$
2,376.544
551,453
183,362
1,978,187
1,893,222
445,791
151,552
1,4)9.409
497,124
165,569
3,111,359
2,640,880
2,490,566
1,940,379
403,348
117.622
Eipentet —
Malnien'oe of way
—The earnings, ttc, have been u8
and structures
1,252,750
106,262
1,040.000
77,500
2.266,976
1,915,433
1,799,952
(72-54)
(72-53)
(72-U7)
455.1 6»
Total expenses.
of exp. to earns.
Net earnlrgs
361,933
363,890
341,545
1.110,161
99,837
442,795
. .
0.
Other Income
follows:
BABNING8, BXPBNSB8 AND CHAROE8.
1902-03.
190102.
330
337
Miles operated
1900-01.
1899-00.
832
325
Optraiioni—
271.306
Pass, carried (No.)...
Pass, carried l mile.. 9,7ia,072
2-172
mile.
ots.
pass,
p.
p
886,316
Freight (tons) car'd..
Rate
m
.70.049,604
ton p. mile... 0974 cts.
Fr'g't (tons) car. 1
Kate
p.
Earnings—
$
Freight. ...."
Passenger
Mall, express, etc
Total.
Expenses—
Mainl'oe of way, Ac.
Main, of equipment..
Conduet'g transp'n..
218.021
7,669.482
2-525 Ots.
917,132
86.347,674
1-143 Ots.
889.755
52,409,110
1-163 OtB.
$
689,164
192.373
30,656
644,465
193,171
28,111
$
609,463
196.451
27,705
968,708
862,192
865,747
833.619
167,608
86,091
243,167
73,676
26,986
206,531
85 555
264,542
23,664
20,716
838,181
63,612
227,432
19,727
576,649
377,059
680,292
281,900
690,385
275,362
554,852
278,767
92,000
90,494
109,500
23,573
80.104
122,000
24,775
14,144
122,000
25,303
163,177
118,723
160.919
114,448
147,803
181.464
30.^,879
Total
8,880.682
2-137 Ots.
682,270
215,236
56,202
General
Net earnings
246,615
260,101
8.777,980
2-147 ots.
842,092
59,647,341
1-207 Ots.
252, 8^7
Dediiel-
on funded debt.
Taxes
Int.
Miscellaneous
Or. Q32
Dlv. on pref. stock..
23.750
205,312
171,747
Total
Balance, anrplns..
0OMDBN8BD BALANOB SHEET JCNB
AtttU—
Road
Equipment
30.
1902.
1003.
%
4,(123,024
4
2, 000,000
Preferred stock
760,994
208.157
Construct 'n acc'nts
Tr.Det.«M.Hy.b'd8. 500,000
1903.
%
UdbiXitUaCOQimon stock
$
4.639,269
617,^61
9.=^0,000
Funded debt
50.0 o
Notes payable
2, SO^j.OOO
'
Mhi Is aiid supplies.
Cash
oupon account
65,^00
37,572
58.490
Interest
i,S,"58
4fl.400
Current accounts...
88,880
441
48.460
82,099
16,714
Audited vouch., etc.
Taxes and mitcel..
Profit and loss ac-
5,945,618
6,507,997
<
Misc.
&
real estate
Total
-V. 76, p 1248.
.
...
...
.
64,066
64,347
1903.
$
8,000,000
950,000
2,750, 00
110.0<10
46,4 60
77,>:04
73,684
19,483
5,945,618
6,507,997
count
668,471
Total
Underground Electric Railways of London, Limited.
(Report for the period ending June SO, 190S.J
Chairman Charles T. Yerkes says in substance
Construction.- On April 28th last, the Chairman Issaed a
:
Malnt. or equlpm'nt
Oond. transportat'n
General expenses ..
P.
1531
uille.
We ei j'>jej durliiK 190208 unusual crops along the line. The prospects for ihe coniinK yenr are generally Kood, alihouKh the oiop sitnailon dot-s not indicate even an ordln»ry yield.
Renewals. Etc — Uurlng the year *rf>"2 was expended per mile and
charged to op^-ratlou on Moeoun' of malntpnance of way and structures and
,010 per mile on ucoouut of maintenance of equirment.
being an luorcase, respfoUveiy. over the virevl. U8 year of *> va and
i252. In ad>iltlon to this, $204,049 was expenrteil on Improvements
and addltlote to roadway and struoluree, so that the physical condl
lion of th«« property has oeen Improved.
Continuing the policy of settlUK anlde renewal funds, we have added
to this aooounc the past year the sum of $^«,95S, raaklig a total since
Aug. 1. 1900, of $^19,111. which has all been charged ti' operation
Of this 81IIU. $l8t>.vOi has been expended for new fqulpiueut and
rails, lea^ lug a balance unexpended on June 30th of 9i'^,209.
The following materials have been used In maintaining and ImproviBg the track: 27 miles of new 70-ponnd steel rails; 176.369 orosstlesfor main track and 37,770 ties for sidings; 604,0.'S0 feet (board
measure) of switch timber for switches and sidings; 26-36 miles of
Passenger
.
.....
407,267
315.822
782,343
55,645
3'20.488
8S4,S83
9,256
725,447
9.648
690.614
863,639
117.000
575,000
735,090
104,400
575,000
69R,955
104 4(0
510.000
692,000
171,639
679.400
55,690
614.400
82,555
1,561,081
(80-45)
379,297
6,341
state-
ment reporting the progress ot the work to that date. Sfnce then the
work has progressed rapidly and to the satisfaction of the directora.
(Compare V. 7«. p. 1031 )
Every effort has been made to push the work on the Chelsea power
house, which will provide the power for the op-^ration of ihe Metropolitan District Hallway, the (Jreat Northern Piccadilly A Brompton
RttUway. the Baker Street & Waterloo Railway, and the Charing Cross
Euston & Eauipetead Railway, and there is every reason to expect
that it will be In w orbing order by Jan 1 1 906.
The conversion of the Metropolitan District Railway to an electric
,
Total Inoome...
Dedmot—T» xes
Int.
on bonds
anrpliia.
OEMERAL BALANCE SHEET JURE
1903.
AlHtl—
8-1,802
New Vork ..
Ag'ts & coDductora
Cash
U
and Indivlda
S. P. O.
.
Depart't.
Miscellaneous
Total assets
137,043
190,281
eo.406
16,510
7.'237
..
30.
1903.
1902.
Tot.llabilltle8.. 36,770.018 36,168,338
315,000
loans
Cash— Toledo
Cos.
55.134
131,067
I
—V. 77, p. 12BS. 462.
Detroit & Mackinac Railway.
^Report for the year ending June SO, WOS.J
President and Qeneral Manager J. D. Hawks says in snb
stance
:
Gensral Resolts.— The past year has been a prosperous one for
Following somewhat the lines of electric railway practice
and giving frequent cheap excursions and better train sei vice has Inorea^ed our pasBHuger earnings from $ "3,123 In 1896 to $244,770 for
the past year. This Is largely due to fostering the "riding habit."
8DKPLUB Written Off.— The accumulated profits of $ 30,2 6 having
been expended In construction of new road aLd purchase of new
equipment, it was decided as a conservative measure to write it off.
Taxes. U der the new tax law of Michigan our taxes were raised
from $23,573 to $b7,868 per year. The new figures were given out
late In the calenoat year 1902 and applied to that y^ar; as our fiscal
year for 1901 and i902 was olosed, it became necessary to charge oat
a year and a h-lf of the Increased taxes In this year.
iMPROYBUEMTs, Exo.-Tbe poUcy of using nothing but cedar ties
with tie plates for the main track was continued. The tie plates are
charged directly to repairs of roadway. About two years more will be
needed to replace all the hemlock ties In main track with cedar, and
then for ten or fifteen years the tie account will be small. No rail was
our road.
1
for feeder wires
The Baker Street & Waterloo Railway Is completed between Baker
and Waterloo Station with the exoeption of a short soace of
tunnel under Portland Place, and that is expected to be finished at
onti acts will be let shortly for the surface
the end of this month,
stations, the plans for which have already been prepared. This line
will be ready for working about the same time that the Metropolitan
Street
i
Dlftrlot Railway will commence operations.
On the Great Northern Piccadilly Sa Brompton Railway good progress has been made.
Fourteen of the station site? have been acquired, and the shafts at many ot them are finished. The running
tunnel is also progress ing'satlsfactorily.
The connection with the
Metropolitan District Railway at Earl's Court Station has been ar-
ranged and the work commenced.
Ten of the t-tatlon sites on the Charing Cross Euston & Hampsted
Railway have been acquired, and work thereat is being actively proseoated. The running tunnels are being driven rapidly.
AS the shareholders are aware, we acquired a contr'>lling interest
In the London United Tramwavs ( 901) Company about a year ago.
Since then the extension to Hampton Court has been opened, with
very satisfactory results. The public have largel]^ availed themselves
of this extension, and although the season has been wet and antavorable, the receipts have fully realized expectations.
Financial.— In June last, for the purpose of providing additional
funds for constructing the various raUway works for which the Company Is under contract, an issue of £7,000,o00 five per cent profitsharing secured notes was made, which was fully subscribed. Under
the terms of the trust deed dated May 29th, 1903. these notes are
specially secured by stocks and shares deposited with the London and
Westminster Bank, Limited, who act as trustee tor the proflt-shaiing
secured note holders. (V. 76, p. lOdl
The company has given certain guaranties in connection with the'
issue of the Great Northern Piccadilly & Brompton RaUway shares
and on a portion ot the Metropolitan Dlstrlot Railway preference
stock. The charges arising from these guaranties for the period ending
June 30th last amount to £11,000. These charges are iooluded under
the item of "sundry debtors" In the balance sheet. (Compare V. 76.
1
p.
1409, 1250.)
The company's balance sheet
Outlook —It Is believed our towns have ceased to "go back" and
are akU showing a steady and permanent Increase In popalatlon, due to
the introduction of other industries in place of the pine lumber business. Our soil and cltmiite, In addition to being e'<peolaliy adapted to
the ral'lng of fruit, potatoes, sugar beets and grain, have shown a
specUl fitness for raising peas of a superior quality that are In great
demand the country over for seed. Several seed and grala ware
honsee have been built along the line this year. The Heola Cement <b
Coal Co. Is DOW making Cement at West Bay City. East Tawas has a
new beet eugar faotory. Alpena will soon have In operation the plant
Of the .Michigan Aikall Co.
Extension.— Ten miles of the extension to Cheboygan was partially completed during the year, and although men and teams are
aoaroe, li Is hoped to have trains running Into Cheboygan by Jan. 1,
1904.
of
Jane
BALANCK SHEET JCNB
purchased during the year.
'
amount of ducts
laid, manholes have been bniit, and a great deal of general
finished. The Ealing and S uth Harrow extension has been
electrically equipped and a temporary venerating station erected.
The test trains have been a suooess, and the material used on this line
has fully realized anticipations. It is confidently believed that by the
time the Chelsea power house Is finished, the whole ot the District
Railway wlU be ready for electrical operation.
33,770.018 36,198,338
35,6U,W2
A
large
work
38,396
209,499
i;^,240
8»,7S7
16,48S
4,915
86 ,720,807
54,t74
178,7B»
.
Mai eriiii A supplies
Stock, bonds and
line is rapidly progressing.
has been
Lidbilities$
$
10, .ooo.roo 10,000.000
Stock, common
Stock, preferred... 10 ,OUt>,0(J0 iii.ooo,ouo
16 ,7511,000 15,6O0,OU0
Bunds
Renewal funds...
32,208
p,8y6
Taxes accrued
65,776
67,634
Interest accrued ..
66,000
80,000
215.49B
Vouchers payable. 231093
i««,264
Pay rolls
100,506
3rt,7l7
31.679
Agents' drafts
OS. and Indlvlds..
161,974
85,995
Surplus
138.247
309,887
$
Cost of rnad
Keal estate
1902.
t
379,297
30, 1903, is as follows:
30, 1903.
Assets.
Freehold land and buildings at Chelsea, inoladlng expenditures to date on generating station and tr»nsmlBS«l'>n line £384,763
Stocks and shares (at cost) pledged for Profit-Sharing Secured notes (see oontra)
2,334,321
Parliamentary deposits (£283.726 78. 2d ooosols) at cost..
269,593
Cost of railway construction after crediting Inoome from
Investments
ai 2,250,842
Discount on Issue ot 5 p. c. Profit Sharing Sectired notes
(Issued at 96)
279,997
Sundry debtors, debit balances, loans and depr-dts
80.706
411,000
Cash. Profit Sharing Secured notes trastee aoooant
Cash at short call and on hand
508,450
Total assets
£6.519,672
[Vol. Lxxvn.
THE CHRONICLE.
GENERAL INVESTMENT NEWS.
..x£2,SOO,000
lo3-2
Liabilities.
Share capital l«saed
5 p. e. Profit SharlnK Secured not«a
Received on conscruotlon ooatraoC
ParilameDtary deposlta (seeoontra)
Sundry creditors, credit b:danoe8 and retentlona
y3,090,90l
4S0.352
809.593
268,8^7
ToUl llabllltlee
£6,519,672
X
500,000 ordinary shares of £10 each. £5 paid.
Total, £6.99^,932; less Instalments not yet dae, £3.894,632. and
Interest ciiiowed on ln»talmen<'s paid In adranoe (proportion after
Jnne SOtb). £2t.399; bilanoe. Jc3,ii90.900.
m Stocks and shares have been received on account ot this expenditure In accordance with constraoUon contracts.— 7. 76, p. Ii09.
American Sewer Pipe Company.
(Balance Sheet of Sept.
The balance sheet
A*$ett-
9
9,251,118
bills re-
cel»able
Cash
S
LiabilUies—
Capital stock issued... 7,805,700
First mort. b p. c sick
538,328
144,06*
fund bonds
Bills payable
A.coount8 payable
681,373
lot.
Material and supplies
on hand
1903.J
of Sept. 80, 1903, follows:
Properties
Accounts and
SO,
xl,587.000
75.(00
In);
92,55>*
and taxes aooraed.
22.437
Surplus
Total assets
10.609,808
Total llabUltl 68
1,0^7.113
...
10.609,808
$2,500,000; less redeemed and canceled, $405,500;
less treasury bonds. $S07,500; balance, $l,S87,O0O.
NOTB.—Cost of properties Is Klven, inoladlng Improvements to date
and after dednotin«r oepreciatlon for 1903. "At counts and bills re
oelvable" are stated after d dacting amount reserved for discount and
allowances. The surplus (Sl,0i7, 113) Is after deducting Interest on
bonds and depreciation for 1903. Total stock aatnorlzad, $8,000,000.
X Total Issued,
The Audit Company of New York certifies that the bal
ance sh^et is correct according to the books and accounts.—
76, p. 920.
Consolidated Lake Snperlor Company.
(Special Beport of President, Oct, 19, 1903.
In connection with the reorganization plan published last
1296). President Snields has made the following
statement bringiog down to date his report of May 5 (V. 77,
p. 193), regarding the condition of the properties and their
probable earnings for the year 190:^-04:
CowsTRrcTiON Practically Completed.— Since last April, when I
took charge of the company's undertakings, all construction work
then in progress has been practically completed. The two blast furnaces. wUh all tuelr accessories, have been finished; the new coppernickel smelter and bessemerli-ing plant at the Soo has been nearly
completed, and all could be started on short notice. The repairs to the
power canal on the American side have been finished, the water has
been tarred io, and power Is now available for tenants. The Union
Carbide Co whose contract calls for 20, or o horseiiower, has nearly
completed Its plant, rt-preseotlng an Investment of nearly *i.000.000,
and Is now about ready to take the first Instalment of 5,00a horsepower on its contract.
This covers all of the construction work contemplated except the
AlgomaCeutial & Hudson Bay Railway, the last 100 miles of which
have been grad»-d, the ties distrlbt ted and s )me of the bridging done.
This work has be^n suspended during this summer, pending the settlement of rbe company's fluanclal diflScultles.
Earnings.— The f'regoing unaenaklni^s, representing nearly onehalf of the company's entire investment, have been, of course, unpro-
week (page
.
dnotlve of ar y tHvenae; but with the exception of the unfinished portion of the railroad, they are now practically ready for profitable
(Compare V. 76, p. 6.'i6; V 77, p. 771 )
operations were easpeoded at the middle of September,
because f lack of funds, the company was carrying on no losing operations. Every dt-pariment except those mentioned above was operating at a satleract'>ry profit. Thu ground-wood pulp mill was earning
a handsome profit, and Its output was sold far ahead. The sulphite
pulp mill for the first time was showlog a substantial balance oq the
right side. Tbe Heien iron ore mine had shipped to outside parties
nearly 200,000 uns of ore at a good profit, and had on band contracts
with them suQloieot to dispose of the balance of this season's output.
The sawmill at the S >o was running to Its capacity, with the entire
cut f r the eeasin sold at a price whlih yielded a very satlsf *otory
margin. The veneer mill, which was only started last spriUK, was
more than paving its way, and steadily Increasing Its output and
profits. Tbe railroads ana steamships w^re doing we'l. and contrlbut
lug their foil hhare to the aggrega'e pr< fits of the difTerentoperatlons.
The street railways and ferry were earning con -tide rab ly m>jre than
the Interest on tbelr bonds. The Tagona Water <& Light Co. was opoperation.
When
all
•
(
BAILB0AD8. INCLUDINe STREET BOADS.
Ashland Coal & Iron RR.— iVeuj Offlcera.—A. complete
change in the management took place on Oct. 31, but in the
interest of what other railroad company, if any, does not
appear. The new officers are:
'Directors: K. L. Butler, Joseph Butler and John Wlnslow. of Clnolnnatl; Colonel Robert Peebles, Colonel Frank Coles. W. B Beaton and
0. Oay Putnam, of Ashland. President, Colonel Robert Peebles;
First Vlce-Preslrtent. Colonel Frank Coles; Second Vice President, K.
L. Butler; Secretary and Creasarer, Frank B. Moore; Auditor, A. N.
Richardson.— V. 75, p. 732.
Baltimore & Ohio RR.— Locomoiivei.— The company's
motive power has been increased since Jan. 1st, 1903, by
the purchase and delivery of 200 locomotives, viz,: 150
freight locomotives, weighing 193,000 pounds eacb; 30 highspeed Atlantic Type passenger engines, weighing 177,000
pounds, and 30 modern switch engines. In addition the
company has placed
in service two 160 ton electric motors,
hauling heavy freight trains througti the Baltimore tunnel,
the three 96-ton motors handling the passenger trains. The
system now has 1,805 locomotives of all classes and 85,000
freight cars, of which 26 000 are steel cars of 10l),OdO pounds
capacity.— V. 77, p. 950, 249.
Buffalo & Sagqaebanna Ry,—First Coupon, Coupon No.
1, due Nov. 1, 19u3, from the first mortguge 4i^ p. c, gold
bonds, will be paid at maturity at the office of Fisk & Robinson, No. 35 Cedar St., New York.— V. 77, p. 76!i, 87.
Central Paclflc Ry.— ttseed,— The New York Stock Exchange has listed $3,737,000 addition-il first refunding mortage 4 per cent guaranteed bonds of 1949, making the total
listed to date $62,754,000.
Of the adduloaal bonds above referred to, $2,000,0 lO were surrendered by the United
States Government against payment of the notes due Aug.
1. 1902, and Feb. 1, 1903, against which they were held as
security, and have been sold by the company.
Tbe remaining $737,000 bonds have been issued in excbaage for old outstanding bonds or deposited in satisfaction ot Che mortgages
of the remaining outstanding bonds of the Central Pacific
RR. Co.
The $62,826,000 bonds listed on the New York Stock Exchange ( $72,000 since canceled under sinking fund requirements) were issued as follows :
For old Central Pacific RR. Oo. bonds exchanged nnder
—
readjustment plan
$50,513,500
For Old Central PaoiUo RR Co. bouds outstanding, but
which have been satisfied of mortgage..
697,500
For purpose of readjustment
1,690.500
Sold
12,500
For discharge of 3 per cent notes to U. 8. of America
9,882,000
Earnings.— Fov the eix months ending Jane 80, 1903, earnings were Gross earnings, $9,623 944; net, $3,538 769 ; other
income, $604 808; fixed charges, $2,974,894 balance, surplus,
For statement for fiscal year ending Jnne 80
$1,166,178
see page 1580.— V. 76, p. 809.
:
;
Chesapeake & Ohio Ry.— Z^sfed.— The New York Stock
Exchange has listed $l,OuO,000 additional general mortgage
i% per cent bonds of 1993, making the total amount listed
to date $38,073,000. The proceeds of the $1,000,000 of bonds
will reimburse the company for outlays made and to be
made in tbe construction and acqnisition of additional prop*
erty.-V. 77, p. 1294, 768.
Chicago Cincinnati & LonlgylUe RR.— fionds Offered.—
George A. Fernald <fe Co., Boston, are offering at par $240,00) 5 per cent equipment gold bonds, part of an issue of
$300,000, secured by a first mortgage upon eqaipaient costing .$331,176, consisting of 10 Bald«7in consolidation engines,
3 Baldwin 10- wheel engines, 200 36 ft, box cars, 1 steam
phovel, 1 Lidger(vood unloading machine, 1 right hand ballast unloader, 1 left band ballast unloader, 1 double-cut ballast spreader.— V. 77, p. 349.
—
This company,
were fiied at Springfield, 111.,
on Oct. 39, is being organized by Aifrel Skitt, Geueral Manerrtting profitably, as usual.
ager of the Manhattan Railway Co.; H. B. HoUins & Co. and
estimates
of
earnings
which
-The
I
made
In
May
Estimate
last
prominent interests in the Chicago Union fraction Co.,
other
rulfi
led,
except,
abundantly
of
with
regard
course,
to
the
being
were
Bteei rail mill, which It was expeced would b« started In July, but
with a view to reaching a settlement with the city touching
which has rtmainert Idle because of lack of funds. I have seen no the franchises of the Traction system and otherwise furtherreason to modify the estimate which I made In May of aboat $950,ing its interests. The capital stock, now nominal ($10,000),
000 net earniogs for the present fiscal year. (V 77, p. 193.) Icon
elder thatjthls was a safe minimum estimate, and have no reason to will probably be increased later to $5 O^'O.OOO, to provide new
doubt ihat It would have been more than realized but for the unfor
tunate delays In efi' oting a r«organisation and providing the necessary worhin,^ c*pital. I realize of course, that this estimate of less
than $1,000,000 of net earning' was disappointing to th se who had
based their hopes upon expectations of mu^h larger returns; but U
eh <nld be borne la mind thai ihls estimate was made upon a
most conservative basis, and that It excluded entirely some operamay properly be expected to yield large reinrns, but;
tions whic
which could not De calculated with any decree of oercalnty whsn the
estimate was prepared. At that time large aliowaooes were made for
the delays and Int-^rriiptions which are always incident to the early
operation of any lartje industrial undertaHng.
I am sure that the stockholders would be Justified in expecting
earnings of several times the amount of my estimate when all plants
ooald be brought Into full and continuous operation, and when the
poB-lblUtles of several undertakings at present uncertain could be determlned by experience.
WoKKiNO Camtal— In addition to the $1,000,000 working capital
provided by the reor,;4nlz«tion plan, there Is on hand not less than
Sl.ooo.vOO of materials and supplies representing present working
oapltaL
UOTLOOK.— Business conditions In Canada as a whole, and particularly those Influences that have direct bearing upon the interests of
this company never w«re so favorable as at the present time, and
•very consideration jusc.fies a supreme effort on the part of the stockholaers to s»ve tbe property In which they have made so large an investment.- V. 77, p. 1296, 1227.
I
Ctalcsgo
whose
Railways
Co.— Incorporafed.
articles of incorporation
capital. The plan as officially described follows:
To take over all rights of theUnlm rraot,lon receivers and of the
underlying oompunles; to ask the city to grant a lease or franchise to
streets lo the territory n"W occupied by the Onion Traction Company;
to agree that the lease should contain a provision to the effect that
the city should terminate the contractual relations and assume municipal control upon payment to the leasing company of all money aotually Investad.
Chicago Kock Island & Wnlf Ry.— Iferflrer of tcoek Island
There have been conveyed to this company
tor the consideration named below the properties of other
subsidiaries of tbe Rock Island system as follows:
Subaidiartes.
—
Choctaw Oklahoma
<b
Texas, consideration $1,200,000.
Cbicago Rock Islai.d & Mexico, ounslderatlon $1.0oO,000.
Chicago Rock Island <% Texas (V. 74, p. 1196), consideration
$3,&0u,000 - V. 76, p. 751.
Chicago Rock Island & Pacific Rf.— See Chicago Rock
Galf. Ry. above.— V. 77, p. 1225, 950.
Island
&
Chicago Union Traction Co.— See Cnicago Railways
above.— V. 77, p. 400, 349.
Cincinnati Blafftun & Chicago RVi.— Assignment,— Thia
company, which on July 33, 1903, began the construction of
—
—
Oct.
:
THE CHRONICLE.
31, 1903.]
a line from Huotington to Union City, Ind., via Bluff con,
made an aealgnment on
cover the cjet of
rails.
Oct. 23 to tbe
Cambria
Steel Co. to
The assignment covers aubeidieavotpd
Directors were S. H,
townships.
Bracev, A. B. Nettleton, W. A. Howard, Charles BlackbnrQ,
John Trai?e, W. B. Blackburn and C. D.Waterbury, Chicago.
The company has graded 12 miles, laid rails on 3 miles, and
has a considerable amount of material on hand. The snbBidies, it is said, aggregated nearly |150,000.
Cincinnati (0.) Rapid Transit Rj.—Nex Enterprise.—
This company filed articles of incorporation in Ohio on Oct.
7 with nominal ($10,OiO) capital stock, which, it is stated,
will shortly be increased to 12,000,000. The plan is to establish a rapid transit system, partly elevated and partly
depressed, connecting Cincinnati at 4th and Walnut streets
with Norwood and other suburbs, and possibly eventually
extending to Himilton and Dayton. The incorporators include J. Q. SchmiiiUpp, President of the Union Savings
Bank & Trust Co. of Cincinnati; M. E, Ingalls, President oi
the Cleveland Cincin. Chicago & St. Louis Ry., and others,
ClereldDd Cincinnati Chicago & St. Loais Rj.— Author
ized.— At the annual meeting on Oct. 28 the shareholders
authorized the guaranteeing of |3,000,000 bonds of the Chicago Indianapolis & St. Louis Short Liup, |3,000,000 bonds of
the Central Indiana Railway and |300.000 bonds of the
Springfield Union Depot. See V. 77, p. 769, 517.
Colnmbas Delaware & Marion Electric RB.—iVisw) Stock.—
The authorized iosue of capital stock has been increased from
$1,500,000 to 11,666,000.— V. 76, p. 918,
in
Wayne and Penn
Danbnry H Harlem Traction Co —The July, 1903, coupons of the first mort gold bonds of 1931 ($200,000 authorized)
remain unpaid. In Jane last the New York State Railroad
Commission approved a proposition to make a |50O,nO0 mortgage. The road is projected to extend from Danbury, Conn.,
southwesterly to Goldens Bridge, N. Y., 16 miles, of which 8
miles were about completed some time ago but never operD E. Loewe, of Danbury, at last accounts was Presiated.
dent.— V. 73, p. 956.
Decatar(Ili.)Traction&EIectricro.— Purc/iase— Proposed
CoTMoKdafion.— President W. B. McKinley informs us that
the street railway, gas, electric light and steam- heating
properties of Decatur are all owned by his syndicate and
will be consolidated with the Decatur SpriuRfleld & St.
Louis Ry., which is now under construction. V. 77, p. 88.
—
Reorganization Plan,— On
be found the plan of reorganization
Denver & Soathwestern Ry.
pages 1C43 and 1543 vvill
presenttd by the following committee
CbaMes F Ayer, Ames Balldlng, Boeton, Maes.
Arthnr H. Day, Klmberly, Root & Day, New Haven, Oonn.
:
FUnsoh. Keesler & Co., 54 Wall St., New York.
C. £. A. Uoldiuan, Aemlllas Jarvls & Co., Toronto, Canada.
Montgomery Bolllns, No. 5 Park St., Boston, Mass.
The necessity for the reorganization was brought about by
the strike of the miners in Colorado, which followed a material rednotion in earnings resulting from the building of a
competing railway line from Colorado Springs to Cripple
Creek, Colo. The money to meet the coupons on the general
mortgage 5 p. c. bonds due Dec. 1, 1903, and June 1, 1903,
was borrowed, and the total floating debt will on Dec. 1,
1903, including the sub-companies, exceed |600,000.
The plan, which we learn has been well received,
provides for the payment of the floating obligations and for
the exchange of the general mortgage 6 p. c. bonds for 60
p. c. in new general mortgage bonds paying 3 p. c. interest
for the first year and 4 p. c. per annum thereafter, and 50
p. c. in second mortgage cumulative 5 p. c. income bonds.
It thus reduces the annual fixed charges from about $878,000
(including sinking fund of $108,000 to $142,750 for the
first year and $173 750 thereafter, with $35,000 additional for
sinking fund after Dec. 1, 1908. It is thought that $300,000
per annum is a conservative estimate for the net earnings.
Prompt action is necf ssary to prevent sale of the company's properties for taxes during November and default of
interest and sinking fund payments on Midland Terminal
Railway Co. bonds on Dec. 1 next. No cash contributions
are aeked from the bondholders.
majority of the bonds
has been deposited. For further particulars see plan on anR. E. F.
1533
The new company has filed a mortgage to the Milwaukee
Trust Co., as trustee, to secure $1,500,000 5 per cent gold
bonds. A press dispatch from Fond du Lac says: The
bonds of the local company ($250,000) are eichatged for
bonds at par, and those of the Fond du Lac & Oahkosh
Electric, and the interurban line, at 110.
Fond du Lac (Wis.) Street Railway & Light Co.— See
Eastern Wisconsin Railway & Light Co. above.
Rapids (Mich.) Railway.— iVet«Bo»rfa.— Application
made to the New York Stock Exchange to list
$350,000 additional first mortgage 6 p. c. bonds of 1916.—V.
(j}rand
has been
76, p, 158.
Grand Trank Paciflc Ry.— Bills Ratified.— Both, the
Qrand Trunk Pacific incorporation bill and the Government
bill for the national Transcontinental Road having passed the
Dominion Parliament, received Royal Assent on Saturday
and are now effective (compare V, 77, p. 88, 146).
Genaral Manager Hays, of the Qrand Trunk Ry, Co., has
made a statement, saying in part
The reoonnalsance survey is proceeding vigorously. We have between flCteen and twenty parties In the Held, some of whom have
about completed the work ol their division; others will keep on all
last
through the wluter. Great care has been taken with a view ol obtalnIne a line with a minimum grade, not exceeding 4,^ of 1 p. c, or
twenty f^et to the mile, about the same as the maximum grade between Toronto and Montreal, and with no greater than two or three
degree curves.
Aoross the territory from
pushed as soon as results of
oonstrnotlon of the branches
port Is yet to be determined)
and a line from North Bay
Winnipeg west
oorstrnctlon will be
our surveys are known, so also will the
from a port on Lake Superior (which
to a junction with the eastern dlvielon,
north, also to Intersect the eastern
division.
It Is
not likely that the road will be completed short of five years.—
V. 77, p. 250, 146.
—
Great Northern Ry.— Ffce- Presidency. Louis Hill has
been elected Vice-President to succeed J. N. Hill, who resigned because of ill health.— V. 77, p. 974, 946.
Hoaston & Texas Central RR.— Called Bonds.— First
mortgage bonds aggregating $350,000 and consolidated mortgage bonds aggregating $200,000 have been drawn by lot,
and will be rede emed at 110 and interest Deo. 31. See advertisement on another page of to-day's Chronicle,— V, 77,
p. 823.
Indiana Illinois & Iowa
the year ending June 30 were
Year—
Oroig-
1902-03. ...$1,747,803
1901-02.... 1,700.818
—V. 75, p. 1198.
RR.—iJepor^- The
results for
:
Net.
Ofiarges.
$482,134
475,400
$214,000
207,785
Dividends.
Bal.. $ur.
$2u0,000
200.000
$68,134
67.615
(4)
(4)
Lake Street Elevated RR,, Chlcago.-iZeceirer.- Judge
Tnthill in the Cook County Circuit Court at Chicago on
Oct. 24 appointed the Equitable Trust Co. of that city as
receiver of this property on application of James Bolton and
Daniel F, Crilly, stockholders, who alleged that the company
is hopelessly insolvent,
majority of the directors, it is
stated, assented to the appointment. The trust company
named C. D. Organ as its representative, and he at once assumed the charge of the road. President Knight says:
In my opinion there was not sufficient groucd shown for the appoint-
A
of a receiver. We certainly shall resist this proceeding. The
allegations about Charles T. Yerkes's domination of the company are
redioulous. In 1^01 Mr. Yerkes practically severed his connection
with the Lake Street company and a year ago he sold his few remaining ehares. fle has not a dollar's worth of Interest in the company.
ment
It is understood that an amicable agreement has been
reached between the opposing interests, and that a reorganization plan will shortly be announced. V. 77, p. 824, 695.
Long Island RR.—iVew Mortgage— Sale of Guaranteed
Bonds.— The company, it is announced, will make a new refucding mortgage, limited like the existing refunding mortgage to $45,000,000, and securing 4 per cent gold bonds dated
1903 and due in 1949, without privilege of earlier redemption.
Of the new bonds, $10,000,000, bearing the guaranty as
to principal and interest of the Pennsylvania RR, Co., have
been sold to Kuhn, Loeb & Co. The proce eds will be used
for various improvements and additions in connection with
the Pennsylvania tunnels to and through New York City,
A
Drincipally for additional terminal facilities at Bay Ridge and
Ling Island City and for a double-irack connection
other page —V. 77, p, 451.
with the New Haven road.
Of the remainder of the
Detroit Mackinac & Marqaette RB.—Off(r to Purchase authorized issue, about $25,000,000 will be reserved to
Bonds, - Tde trustees of the land grant mortgage, acting retire all underlying bonds
of
the
system (includ
under the provisions of said mortgage, give notice of ing the existing unified bonds in the hands of the
their intention to purchase $500,000 of the bonds issued there
public); the remainder will be held for future requireunder. Offers for the sale of such bonds are hereby requested ments. The issue of the old unified bonds will be limited by
to be made lo the trustees on or before Nov. 10, 1903. the terms of the new mortgage to the amount now outThe trustees are Frederick E. Driggs and William W. standing.—V. 77, p. 824, 298.
Heaton, 23 Telephone Building, Detroit, Mich. See V. 77, p.
LoalsTille & Nashville RR.— Called Bonds.-In last week's
838. 353.
issue on page viii of our advertising columns will be found
Detroit Southern RR.—i?epor«.—The results for the year the numbers of $55,000 Evansville Henderson & Nashville
ending June 30 were;
Division bonds which are called for payment at 110 and inTear—
Qrou.
Int.. & taxts.
Net,
Balance. terest on Dec. 1.— V. 77, p. 960, 947.
1SO2 03
$1,444,900
$354,966
$342,673
8Ur. $12,293
1,239,906
Manhattan (Elevated) Ry., New York.— A^b Strike.— Of
244,795
def.
318.000
73,205
^^2^,P^"\A
—V.
77, p. 1225, 176.
ficial announcement was made on Wednesday that an agreeEastern Wist onsin Railway & Light Co., Fond dn Lac ment had been reached by which the employees will submit
Wis. New Company. —This company, Incorporated recently to the new regulations regarding physical condition, it being
in Wisconsin with $500,000 authorized capital stock, is suc- provided that men who are below the normal
shall be given
cessor of the Fond du Lac & Oihkosh Electric Railway Co. a reasonable opportunity to fit themselves for the
examinaand the Fond du Lac Street Railway & Electric Light Co. tion.— V. 77, p. 848, 147.
The directors are:
Missonri Paciflc Rj.— President Gould's Statement.—
President, F. B. Hosklne; Vloe- President and General Manajfer. T.
F. Grover; Trea»arer. W. B. Cole; Secretary, F. B. Huntington; Major President George J. Gould, in a telegram to the New Orleans
E. R. Herren, Leander CIioat« and Elmer Leaota of Oilikosii.
Levee Convention, held in New Orleans on Oct. 37, expresses
—
THE CHRONICLE.
1584
the hope that the meeting will lead to the making of liberal
appropriations for the levees, and then says
The railroad Interests I am conueoted witb have under way and partially completed a low-grade line of road from East St. Louis to New
Orleans, oro8i<lps; the MlseUslpl River on the great bridge at Thebes,
When this Uue Is completed It will be a water grade Hue parallel111.
ing the Mississippi and opening up virgin forestn upon lt« west bank,
and lu addition It will make aeoesslttle gr(<at arens of larming lands
susceptible of a high degree of cultivation. It safe from luund-iti >n.
Wo are also, at great expense, rebuilding the railroad between Little
Rook. Ark., and CofleeTiile, Mo., and are oonetruotluganew low-grade
line of rat road In the White River Valley to connect our Kansas City
lines Willi the main Hoe or the Iron Mountain Road.
All of this, with necessary expendltur-'s for equipment and other
rallrortd appurtenanoes, wlU amount to from $ iO,0(X),OUO to $50,000,000. and tne work ha.'* been under way two or three years, with the
belief on our part that this great Investment, the bulk of which will
be In the Mississippi Valley, will be protected from damage by fl jods
and InundatlODs. The oomoletlon of our plans hereinabove outlined
will Inure greatly to the '^enelit or the city of New Orleans, and
largely add to her maritime trade.— V. 77, p. 769.
:
Mancie Hartford & Fort Wayne (Electric) Uj.— Bonds.
1 thecompanv will
— We are informed that on or about Jan.
reduce the authorized limit of issue of its first mortgage
bonds from $1,000,000 to |850,000.— V. 76, p. 973.
Norfolk & Western lij.—Neto Bonds.— The New York
Stock Eichange has been requested to list $1,500,000 additional first consolidated
mortgage 4
p. c.
bonds of
1998,
mak-
ing total listed |37,710,500.— V. 77, p. 824, 642.
Nortb Shore RR., California.— .<4sseasmen^ An assess
ment of $5 per share on the capital stock is payable on or before N'ov. 15. The interest of delinquent stoohholders will
be sold Dec. 7. F. B. Latham is Secretary, 636 Market St.,
San Francisco.—V. 77, p. 251.
Pacific Electric By., Los Angeles.— iVet« Sfocfc.—The
shareholders have authorized the increase of the capital
stock from |10. 000,000 to $20,000,0 )0, to provide for extensions.
Harriman Interest.— &. press despatch from Los Angeles
on Oct. 2.S announces that President Harriman of the Southern Pacific has purchased at least one-third of the outstanding capital stock.— V. 76, p. 1408.
—
Peansjlvanla BB.— Bond* SoJd.— Kuhn, Loeb & Co. have
purchnsed $20,000,000 bonds of subsidiary companies, viz.:
$10,000,000 of forty-six-year refunding mor gage 4 per
cent bonds of the Long Island RR. Co., guaranteed as to
principal and interest by the Pennsylvania RR. Co.; and a
similar amount of forty-year first mortgage gold 4 p. c.
bonds of the Philadelphia Baltimore & Washington RR.
Euhn, Loeb & Co. have the option to pay for the bonds at
any time before March 1, 1904, the cimpanies reserving the
right, however, to call for the payment of $8,01)0,000 after
Jan. 1, 1904. It is understood that the purchase orice of the
P. B. Sc W. bonds is par and interest and for Long Island
bonds 94 and interest. The subscriptions to a syndicate organized to take the bonds from Kuhn, Loeb & Co. were
largely in excess of the amount required. For further facte
V. 77, p. 1294, 824.
see caption for each of the companies.
Fere Marquette 'R^,— Chairman, George fl. Norman of
Newport, R. I., has been elected Chairman of the board of
directors, and his brothers Guy and Maxwell have been added
—
—
to the board.
—
New Chicago Line. The company has completed its line
from New Buffalo to Porter, Ind., 23 miles, and will begin
on Dec. 1 operating into Chicago, using the tracks of the
Lake Shore and the tracks and the terminal facilities of th-^
[Vol. lxxvit
render euoh stock, receiving instead paid up stock tor the amount held
by them. The company will procure subscriptions for additional
etook to the amount, of $200,00 ', the proceeds to be applied. In the
first plaoo, to payment of $189,721 discount under which thp (existing
$472,000] bond* were Issued. Afterwards the company will be at
liberty to issue bonds to the amount of $6,678,200, secured hy mortgage upon its undertaking. Upon this bond Issue the QnvArnment will
guiraiitee 3 per cent Int'irest. The Government will be free to fix the
tola and provide rguUtlons for the use of the undBrtaklog. From
Dec. 1, 1906, or upon the completion of the undertaking, the company
mast pay out of net Income towards a sluklag fund a cum equal to
one half of 1 per cent of the total Indeotedness. The Government
may take over the undertaking at any time upon payment to the
shareholders of tie amount of their stock at par value not exceeding
$2e5,68i, with Interest at 5 per cent.
The Dominion Government engineer estimated the cost of
the uniler-structure at |S19,450, of the superstructure at
;p2,80O,O00, a total of $3,619,450.— V. 77, p. 37; V. 7'i, p. 948.
Rockford Beloit & JanesvIUe Electric RR. -Mortgage.
This company recently fil d a new mortgage to the Illinois
Trust & Savings Bank of Chicago, as trustee, to secure $1,000,000 of 5 p. c. gold bonds, of which $600,000 issuable only
to retire an equal amount of underlying bonds. An additional $50,000 of the new bonds will be sold forthwith to
cover the cost of a machine shop and new equipment, and
$350,000 will be available for future requirements
The underlying mortgage has been canceled. For the eight months
ending Aug. 81 the earnings were: Gross, $H9 864; net,
$45,166; interest, $20,000; balance, surplus, $25,166.— V. 76,
p. 920.
Simth & Western Rj.—Status.— The syndicate which underwrote this enterprise and its ally, tbe Crane's Nest Co., is
said to have invested to date about $3,500,000. The organization of the Crane's Nest Co. (V. 75, p. 9i)8) was completed
only a month ago with $3,500,00') capital stock, George L.
Carter being the President. The (Jnion Trust Co. of Baltimore was one of the underwriters. (See V. 77, p. 1265.)
V, 76, p. 436.
Terminal RB. Association of St. Loafs —Bonds— See
"Connecticut" on page 1553.— V. 77, p. 512, 299.
Tera Craz & Pacific RS,.— Status. -The Maryland Trust
Co
which failed last week (V. 77, p, 1265), owns all the
,
securities of this road, viz.: $5,000,000 of first mortgage
bonds, $5,000,(100 of preferred stock and $5,000,000 of common stock. It was upon these securities that the trust
company sought a loan of $3,000,000 in London. The road
extfuds from Cordoba, Mexico, to Sallna Cruz on the Pacific
Oaean, 203 miles, and from Vera Cruz on the Atlantic Ocean
to Tierra BlaLca on the main line, 63 miles; total, 265 miles.
The subsidy received from the Mexican Government was
about $6,000,000 in Mexican or $3,000,000 in American
money. The road, however, cost about $10,000,000, Being
much more than was expected. The trust company's investment is said to be nearly $6,000,000.
The distance from ocean to ocean via the Vera Cruz &
Pacific is 207 miles, and the plan is to use the line as part of
a through route from North Atlantic ports to San Francisco
and other Pacific ports. From New York to San Francisco
the distance by this route would be S,189 miles, as against
3,277 miles via Panama, a saving of 1,088 miies. An equal
saving would also be made between New York and Manila,
Yokohoma and H ng Kong (via Honolulu), and a less
amount to Sidney, Valparaiso, etc. Alfred B. Mason of New
York
is
President.
WrIghtSTllie & TennlUe RR.—iVb New Securities.—The
announcement in a local paper that the shareholders would
vote on Oct. 7 to increase the capital stock or to issue boads
p. 951, 770.
Philadelphia Baltimore & Washingtoa RBi.—Sale of New is pronounced by Secretary Thomas to be untrue. V. 77, p.
Bonds. Tnls company, a subsidiary of the Pennsylvania 695.
RR. Co., has arranged to make a mortgage on its now unenINDUSTRIAL. HA» AND MISCELLANEOUS.
cumbered Philadelphia-Baltimore Division to secure $20, 000,000 of first mortgage 40-year 4 per cent gold bonds, dated
Alabama Consolidated Coal & Iron Co.—Postponed.—The
1903 and due in 1943, without option of earlier redemption; directors have indefinitely postponed the plans tor issue of 5
$10,000,000 of the issue has been sold to Kuhn, Loeb & Co., p. c. bonds and conversion of preferred stock. Tbe common
the proceeds to be used chiefly in connection with the im- stock was increased to $3 500,000, but only $2,500,000 is
provements at Washington. Debenture bonds of the former issued. None of the preferred stock (7 p. c. cumulative) was
Philadelphia WilmiDgton«fe Baltimore RR. Co. to a total of exchanged, though four-fifths of the whole assented to the
$4,930,000 will, as required by their terms, be sacured by the plan; par of shares $100. Of the $500,000 first mortgage gold
new mortgage port passu with the new 4 per cents; sufficient 6j, $490 000 are outstanding. They are dated May 1, 1901,
deinomination $l,0u0 each, and are due May 1, 1911, but are
of the latter will be reserved for their retirement at ma
subject to call on or after May 1, 1906, at 105; sinking fund,
turity. This will leave $5,070,000 of the proposed isfue avail
able for future requirements. The line from Philadelphia to $10,000 yearly; interest payable May 1 and Nov. 1; trustee,
Baltimore is laid with double track, and is with its appurte- St. Louis Trust Co.— V. 77, p. 695.
nances such an extremely valuable portion of the system
Amalgamated Copper Co.— Offer to Arbitrate.— F. Augusthat no guaranty was necessary to increase the value of the tus Heinze on Oct. 20 offered to arbitrate the whole mining
loan. See Pennsylvania RR. above.— V. 76, p. 694.
controversy with the Atnalgamated Copper Compaay, each
Qaebec Bridge Co.— Guaranteed Bonds.— This company side to appoint two men and these four to choose a fifth, the
decision to be final and binding on both parties.
hats completed its sub-structure and desires to issue $8,678,A board of mediation, acting at the reqaestof the Great
200 bonds, with the principal and the interest thereon to the
extent of 3 p. c. per annum guaranteed by the Dominion Falls Business Men's Association, to adjust the AmalgaGovernment. A bill to authorize thi3 issue is pending at To- mated-Heinze difficulty, and so prepare the way for the reopening of the Amalgamated Company's mines, consists of
ronto. The "Canadian Journal of Commerce" says:
The company has Insued $200,000 of Us authorized capital stock of James J. Hill, Gov. Toole of Montana and Senators Gibson
$1,010,000, upon which the shareholders have paid a sum of $65,685. and Clark.— See V. 77, p. 1295, 1237.
The Province or Qiebec has paid a Buosldy of $250,000 towards the
American Grass Twine Co.—^a/e.— Arrangements, it is
bridge and ih^ ciiy a sum of $iOO,000. The Dominion (Government
Chicago Terminal Transfer Co.
(See V. 77, p. 945.)—V. 77,
—
granted $1,0U0, 000, of which $J74.j53 has been paid. The company
has expended 1^914,862 upon the work, and Is IndebCHd In the sum of
$779,^50, Inoladlng at par value bonds to the extent of $472,000,
upon which the sum of $^83,279 was realized. The amount necessary
to complete the bridge and approaches and provide the terminal faoll
lUes and pay ofi the indebtedaess of the company Is estimate i at $ j,866.>-82.
Tile company will abandon any claim it has upon the Dominion
Qoverament for any portion unpaid of the mllilon-doUar subsidy, and
wlU arrange with the present sabserlbers of the capital stock to sur-
—
understood, are being perfected for the sale of the Walter A.
Woods Harvester Co. for a sum stated as about $900,000.
Fbe proceeds, it is said, will be used to pay the loan obtained
from D. O. Mills and other shareholders. (V. 76, p. 1145.)
The Harvester Company was expected to afford an outlet
for the product of the American Grass Twine Co., but experience, it is stated, proves that grass twine is not suited
for binder purposes.— V. 77, p. 1297.
—
Oct.
THE CHRONICLE.
31, 1903.
The Eureka Investment Co.
Aiuerloan Mult<Dg Co.— Another Cireular.—A circular
been st-nt to the stockholders containing the names
of seventy-two brewing concerns which favor tbe continn
ance of the present management; all are castomTs, and
many are stockholders of the company.— V. 77, p. 1295, 1298.
letter has
Sept.
American Smelting & Keflning Co.— Dividend Gossj^j.thonuhr that at tae next regular meeting of the directors
on Dec. 8 a first dividend will be declared on the common
stock at tbe rate of either 4 or 5 per cent. The last annual
report was given In the Cbroniclb of Sept. 12, page 651, and
It Is
the earnings for the current year, we learn officially, are in
excess of those for the corresponding period of 1903. V. 77,
—
p. 629, 637.
American Telephone & Telegrapli Co.— Output.— The out
instruments for the month and the nine months
put of
ended Sept. 30 was:
ilotUh.
1903.
79.406
15,968
MetODtpat (naiuber)
>
1902.
75,011
31,677
Total outst'DdlDt; Sept. 20
—V. 77, p. 951, 771.
9 Motithi.
/
1903.
812,299
458,398
3,603,718
,
1902.
808,334
461,b4,'>
2,987,231
American Type Founders' Co.— New Directors.— At the
recent annual meeting £.
Hoyt of St, Louis was elected
a director to pucceed the late Q, Frederick Jordan, See
R
V.
77, p. 1292, 825.
Bell Telephone Co, of Philadelphia,- Listed.—The com
pany has lieted on the Philadelphia Stock Exchange $945 300
additional capital stock, making the total listed |13,917,50O.
—V.
77, p, 771, 629.
Cambridge (Mass.) Electric Light Co.— Neto Stock.—The
shareholders will vote Nov. 2 on increasing the capital stock
from $600,000 to |700,000, Dividends of 6 p. c. per annum
have been paid since 1890; no bonds. V. 77, p. 91.
Chicago Motor Yehiole Co.— Receivership. This company,
the owner at Harvey, 111., of a large plant for the mannfactnre of automobiles, was on Oct. 18 placed by Judge Kohlsaat of the Federal Court at Chicago in the hands of Edwin
C, Potter (President of the American Trust & Savings Batik)
as receiver on the application of creditors. The company is
said to owe about |8C0,000, of which $150,000 secured by
—
—
mortgage.
Citizens' Light &
Electric Co. below.
New
Power
Co., Seattle.- See Seattle
Gas
filed articles of incorporation
1903; capital stock, $4tO,000, in shares of $100 each.
James Proctor, Johu H. Gmrloh, Ferd. A. Mueller, Leopold Strauss,
Charles a. Adam and Alexander C. Ayres.
Craolhle Steel Co.—Directors.— At the annual meeting
last week William G. Park was elected a director, succeeding
Benjamin Apha. The board now includes:
WUUamO. Park (Chairman), Alexander W. Blaok, James M. May.
Herbert Ou Pay, Robert B. Jennings and Qeorge IS. Shaw.
Report for year 1902-03 was in V. 77, p. 1392, 1296.
Distillers' Securitieg Corporation.— iVejy O/ZIcers.- Lawrence L. Gillespie has been elected to the new oliace of Chairman of the board of directors. B. W. Jones succeeds H. 8.
GwUld as Secretary and Treasurer,— V, 77, p, 778, 767.
Dn Pont De Nemonrg Powder Co.—Stock Issue.— The
*Ssn Francisco News Bureau" says:
The Metropolitan Powder Co. is the first company to receive the
stock of the New Jersey company. The details of the transfer are
abont completed. Under the merger a new corporation will be formed
with the name of the Metropolitan Powder Co. to replace the original
company. Two of the old dlreotoro, probably O. B'. Leege and Ludwlg
A.lfred Burdsal,
American Sh'pboildiug Co.— iVcw Director.— At the recent annaal meeting Frank W. Hart was elected a director,
to succeed W. T. U. Carpenter. See V. 77, p. 1224, 951.
,
1,
The incorporators were:
American Sewer Pipe Co. New Pre«tdenf.— General Manager Frank N. Kondolt of Pittehurgh has been elected President to succeed Ulyssee D. Eddy, resigned. See balance
sheet on page 1533 —V. 76, p. 920.
To Sept. 20—
Gross ontput (nnmber)
1535
&
— The Citizens' company was incorporated
in
Jersey in July, 1901. Capital stock outstanding
$1,010,000 in flOO shares; no bonds at last accounts. Presi
dent, Lyman C. Smith, Globe Building, Seattle.
Colambns & Hocking Coal & Iron Co.— Dividend on Common Stock.— The company has declared a dividend of $1 per
share (1 p. c), payable in four quarterly instalments of 85
cents each beginning Nov. 14.
Dividends on this issue were
resumed last December, }4 p. c. being paid that month and the
same amonnt last March and also in July.— V. 76, p. 1246.
Consamers' (Natural) Gag Trust Co., Indianap lis.Stattu.—tluch talk has been occasioned by the retusal of the
company to send out its October bills and to renew Its contract for the supply of natural gas. The property includes
valuable gas and oil leases, covering, it is said, over 50,000
acres of land and 800 gas wells located from 20 to 50 miles
from Indianapolis, also pipe lint s to that city and an exten
sive system of mains (in all 375 miles of pipe line), supplying
some 20,000 customers in Indianapolis with natural gas at 95
cents per thousand cubic feet.
The company's capital
stock is 1788,657, and the $25 shares have recently
been quoted at from $300 to |400 each. The understanding is that a deal is on foot for the sale of tbe gas and oil
leases and the use of the gas mains for artificial gas, proba
bly by the Indianapolis Gas Co. The last named company
iV. 76, p. 1251) turned off its natural gas on June 8, I9u3, and
has since been supplying only artificial gas. Purchase of
the Consumers' mains would remove its only competitor.
George J. Marott of Indianapolis, who is said to be the
holder of |50,000 stock, and who on Oct. 29 applied for the
appointment of a receiver, was on Oct. 8 quoted as saying:
It iB my Ictentlon to bring a proceeding In court to prevent a movement to maDloalate the control of the Consamers' Gas Trust Co. properties by poollni; Interests of the majority stockholdera who are pledging their i<Uiok to a newly-organized company known as the Eureka
Investment Co., ^hioh was organized In the Interest of John P. and
Otto N. Free ael ant their associates. It Is clearly their purpose to
dleoontliiuei he supply of natural gas and control the disposition of
the 60.100 acres of oil and gas leases. The pipe lines have a market
value, as second hand material, of at least ^700,000, the svstem of
mains In the City of Inaianapolls has a value to a competing gas company of at l»'af>t $i,0 O.tOO, and the oil properties produce an income
of about f-^O.oOO annually. The acreage of oil leases is an asset of
nearly $1,00 •.(00. The company already has taken up many miles of
a large pipe line Into the field, and Is offering Its leases and oil properties for sale, and negotiations are under way for the sale of the Indianapolis end of the system.
Under the original trust agreement all the money originally
invested in the stock, it is stated, has been paid back with 8
per cent interest except $1 35 a share; under the articles of
asscciatlon, after payment of this remaining |1 25 the company would be required to furnish gas at ;;08t.
Sotiwabacher, and three representatives of the Uu Fonts, are slated
for the new board. A similar method will probably be employed In
transferring the remaining powder companies.
The control of the Jndson Company, however, was bougnt outright.
The appralseiuect of all of the plants except the Giant Powder Company's is about completed, and some headway has been made on the
books of the Olant. It Is possible that this company, with others,
will have to submit to having quite a sum written off for depreciation
and profit and loss. It Is hoped that the cieal can be closed with
nearly alt of the companies about Nov. 1st. The agreement with the
Oalfornia VlKorit Co. specifies that date, the transfer to be made as of
Sept. 1st. If all of the other companies assent the merger will be
consummated even If the Giant Powder Co. should stay out.— V. 77
p. 453.
Eastern Steamship Co.— .Farningra.- Notwithstanding the
summer, the company reports earnings for the nine
months ending Oct, 1 as follows: Gross, $1,197,246; operating
expenpes, $808,274; repairs charged to operating: expenses,
cold
$92 495; net earnings, $398,477; fixed charges, $83,576; surplus, $264,901; being tqual to about 7 p. c. on the $3 000,000
capital stock. The new boats were in commission tor only a
small portion of the time.
First Dividend. The directors have declared a first dividend, 3 p. c. ($90,000), payable Nov. 2.
controlling interest
in the stock is said to be held by
C. W. Morse of New York, Ransom B. Fuller. President of the Boston Insurance Co., Calvin Austin, Vice-President of the Eastern
Steamship Co., and Eugene P. Carver, of Carver & Blodgett, Its Qeneral Counsel.— V. 75, p. 668.
Eqnitdble Illnminating Gas Light Co. of Philadelphia.
Output. The statement of gas sold in the city of Philadelphia tor the quarter and the nine months ending Sept. 30,
as filed with the city authorities, compares as follows:
Cubic feet ga$—
1903.
1902.
1901.
3 months
1,383,358,230 1,133,692,760
^
871,615,760
9 months
4,708.020,080 3,628,065,130 3,109,204,250
$:i. 109,204
9 months' gross revenue.
.'$4,708,020
$3,628,065
Of which city receives...
$470,802
$362,806
$310,920
—
—
A
—
—V. 77, p. 253.
Fore River Ship & Engine Co., Quincy, KtLBS.-New Presi'
dei.t, JE^c- President Watson, the largest shareholder, announces that he will withdraw from the presidency in favor
of Rear- Admiral Bowles, but will retain his "connection
with and interest in the company as Chairman of the board
of directors." The company is reported to be employing
2,600 men on work aggregating $15,000,000, and including:
Tliree battleships and one cruiser for the United States Government
—the New .Tersey, Rhode Island, Vermont and Des Moines; the sixmasted schooner, Wm. L. Douglas; a passenger and also a freight
steamer for the Fall Elver line, and four oar floats for the N. Y. N. H.
& H. R
RR.-
v. 76, p. 1304.
Copper Co.— Directors.— At the
annual meeting on Oct. 10 Bernard M. Baracb, L. C. Wier
and H. S. Black were elected directors to succeed Geo. S.
Robbins, A. Bleecker Banks and Henry T. Scott, The board
Greene Consolidated
now
includes:
Chas. Adslt. Thos. H. Andersoii, Bernard M. Barnoh. Emll Berolzheimer, Henry F. Blount, Anson
Burohard, H. E Huntington. John
W. Gates, W. C. Greene, Edwin Hawley, Henry OUesheimir, Myron
M. Parker, Frank H. Bay, Edward C. Rice, J. B. Shawalter. Alfred
Romer, LC. Weir, H. S. Black, Mark L. Sperry, Edward B. Tustlu and
W
Jacob Weidman.
See annual report in V. 77, p. 1393, 826.
Indianapolis Gas Col.— See Consumers' Gas Trust Co.
above.—V.
76, p. 1251,
International Fire Engine Co.— Reorganization.—The
time for the deposit of securities under the reorganization
plan has been extended to Nov. 14, Compare V. 77, p. 9S3,
1297.
International Paper Co.— Listed.— The
Exchange has
New York
Stock
$50,000 additional first consolidated
morterage 6 p. c. bonds of 1918, making the total listed to
date .$9,450,000, and has empowered the listing from time to
time, but prior to June 1, 1904, of $300,000 additional of said
bonds, when issued in exchange for prior bonds, reducing the
latter to $150,000.
The $9,450,000 bonds were issued as follows:
Inpayment of mills, wood-lands and other real estate ...$4,850,000
3,716.000
For cash
In treasury
134,000
For prior lien bonds
751,000
—V.
listed
77, p. 1297, 450.
La Belle Iron Works.— Sond«, Etc.—Th") shareholders
voted on Oct. 13 to authorize the issue of $3,000,000 of 8 p. o.
lO-SOyear gold bonds, to provide working capital, and pre-
THE CHRONICLE,
1536
gnmabiy also for payment of
floatinK debt.
The company
bas ontatanding $7,000,000 of fall-paid capital stock and its
plant is said to have cost considerably in excess of this
amount. A 10 p. c. dividend in stock was reported last Jannary in connection with the sale of new stock to shartholdere.
The shares have recently been quoted at 70(375, and the
bonds are reported as being freely snbscrlbed by leading
stOBkholders on a basis to yield over 7 p. c. on the investment.
John E. Wright has resigned as President, but being the
largest stockholder will continue as a director. The new
President is John A. Topping, former First Vice-President
of the American Sheet 8teel Ckj.
A full description of the company's property was given
Oct. 17 (page 1238).
The Wheeling plant has an annual
capacity of 600,000 kegs of cut nails and 40,000 gross tons of
[YOL. LXXVII.
the power to regulate the price of gas to be charged by the company
for gas fnrnlshed to It and its Inhabitants or not. there is nothing in
this case to show that extortion has been practiced or a monopoly
oreated by it. The judgment of the Olrcult Court will accordingly be
afllrmed.-V. 76, p. 1089.
Pressed Steel Car Co. Earnings.—The earnings for the
quarter and the 9 months ending Sept. 80 were:
3 mot end.
Interett
Div.on Reserve Jor
Prof from
Bal. for
.
Sept.
30—
Operations,
1903
1902
$628,964
1,345,526
on bonds pf. stock, deprec'n.
$47,100 $218,750
$70,000
59,224
218,760
80,442
com. stock
$658,250 $225,000
656,250
210,723
$1,620,523
2,268,429
$293,114
987,110
9 moH.
1903
190Z
—V.
77, p,
$2,644,167
3.304,788
301, 206,
$142,394
179,336
San Francisco Gas & Electric Co.— Property Taken Over.
—Deeds have been filed at San Francisco transferring all the
property, rights and interests of the Pacific Gas ImproveBkelp, etc.; Steubenville plant, 146,000 gross tons basic pig, ment Co. and the Equitable Gas Light Co. to the San Fran300,100 tons of steel (from nine 50-gross ton basis open-hearth cisco Gas & Electric Co.
Authorized — The shareholders on Oct. 22 authorized the
Bteel furnaces), 250,000 gross tons of rolled products and
issue
of $10,000,000 of ^% p. c. thirty-year bonds (see V. 77,
and
iron
steel
tubes.
The
100,000 gross tons of wrought
A.J.Clarke and E. p. 254, 93).—V. 77, p. 695, 455.
officers, other than the Presiaent, are:
W. Muige, Vice Presidents; W. E. Beswick, Secretary, and
Seattle Gas Sc Electric Co.— .Harmony Reatored.-TYiQ gas
D. J. Sinclair, Treasurer. The plant, it is stated, is running war which was begun early in the year by the Citizens' Light
Office, & Power Co., and which forced the price of gas from $2 to
full, and has orders for the balance of the year.
60 cents a thousand cubic feet was settled on Oct. 16.
Wheeling, West Va.— V. 77, p. 1228.
Mldrale Steel Co.— Armor Contract.— Secretary of the Hereafter gas will be sold at the uniform rate of $160 a
Navy Moody on Oct. 88 awarded contracts for furnishing thousand feet, with a reduction 'of 15 cents to persons who
settle their bills before the tenth day of the month. A rumor
16,799 tons of armor for five battleships, the total sum in
volved being nearly $7,000,000. The Midvale Company, al- that negotiations were in progress for the consolidation of
the two companies is denied. See Citizens' Light & Power
though it has no armor plant, outbid the older establish
ments, and was awarded about 5,600 tons at $393 for Harvey Co. above, also V. 76, p. 1411.
armor and $397 for armcr with face hardening, equal to the
Standard Oil Co.— Advance in Price of Oil.— While the
Krupp product. The remainder of the contract was divid'^d country's total output of oil increased from 69 618,000 barbetween the Carnegie^and the Bethlehem companies at $400 rels in 1901 to 80,894,000 in 1902, the increase was due to the
for Harvey armor, plus $11 20 a ton royalty, and $417 for greater production of fuel oil in Texas and California. The
Krupp armor, plus $33 07 a ton royalty. The Midvale Com- aggregate output of oil, all grades, used for refining repany will let contracts at once for an armor plant to cost be- mained almost stationary, while the higher grades classed as
tween $1,500,000 and $2,000,000, and to be completed, it is "Pennsylvania" oil show a considerable decline, notwithexpected, within 15 months.— V. 71, p. 866, 1313.
standing the stimulating efifect on oil-well drilling of the adMorgaotown Tfn Plate Co.— Bond*.— At auction last vance in prices. The following figures, furnished by the
last week Adrian H. MuUer & Son sold $100,000 of the first "Oil, Paint & Drug Reporter" of this city, show the statistical position both of "Pennsylvania" and "Lima" (Ohio and
mortgage 6 per 20-year gold bonds at 223^.
Indiana) oils to Aug. 31, 1903:
Jl ancle (Ind.) Palp Co.— Mortgage— This New York cor1903.
1902.
Monthly Flow (avg.)—
1901.
1900.
poration, owning a pulp mill atMuncie, Ind., has made a new ••Pennf.yivanla"oll.(bbl8.)2,591,398 2,613,371 2,745.509 2,967,211
"Lima"
(bbls.)
oil
1,692.689
1,665.364
1,546,664
1,619,165
mortgage to the Farmers' Loan & Trust Co., as trustee, to
secure $700,000 bonds to cover the refunding of its existing gold 68 (a considerable part of this $250,000 bond issue
has already been drawn; what remains outstanding will be
taken up from the first proceeds of the new issue in accordance with the provisions of the trust deed), the enlarge
ment of its pulp mill (present capacity 100,000 lbs. per 24
hours) and the building of a paper mill. The capital stock
is $250,000, all common and full paid; par of shares $100.
have been favored with the following:
The new bond issne oonalats of 3S-year first mortgage 6 p. o. gold
linking fand bonds; Interest payable semi annnally. The mortgage la
subject to no prior liens whaterer, and covers the present pulp mill, the
real estate at Manole and extensive timber lands In Tennessee and on
the Mississippi River. On the completion I of the paper mill the
property will inventory about $1,400,000. The capacity of the pulp
mill Is 100.000 lbs. per day and the capacity of the paper mill will be
about 70,000 lbs. per day. The paper mill will take a very large part
of the outpntiofthe pulpmlU, effecting an organization which will wora
arlons econoinlps, as the company will cut Us own timber and
carry It through the various processes to the flnished-paper product.
The bonds are dated June 1, 1903; Interest payable June 1 and Deo.
1, and are due June 1. 1928, but are subject to call any time after
three years at 105. The sinking fund consists of 10 p. c. of 4the oomjMkoy's Kross annual profits for the purchase of the bonds on the
market at not to exceed 105, or when the fund reaches $12,000 no
bonds being so obtainable to draw by lot a snfflolent number of them
to dispose of the sinbiog fund. The officers of the company are:
President, Henry Blaokman; Treasurer, Oustav L. Jaeger; Secretary,
Edward A. MaoLean.
The main office is at 182 Mulberry St., N. Y. City.
Panama Canal Co. Treaty.— Ism&el Enrique Arciniegas
of the Colombian Diplomatic Service arrived last week in
Washington with special dispatches for Dr. Tomas Herran,
the Colombian Minister, concerning the Panama Canal
Mr. Arciniegas is quoted as saying that his country
treaty.
wishes the United States to increase its offer from $10,000,000
to $35,000,000, as approximately that sum is needed to discharge Colombia's indebtedness; if the United States is not
disposed to raise its bid, his people favor permitting the
negotiations to lapse, since six years hence the franchise of
the Panama Canal Co. will expire and revert to the Colombian
Government.— V, 77, p. 826, 404.
We
Slock on
Hand
"Pennsylv'a"
"Lima"
(bbls.)—
oil A.ug.31.
6,407.611
6,896,607 11,706,818 18,841,671
Aug. 31.15,854,527 18,153,120 16,885,120 13,483,013
The Stocks of Pennsylvania oil are said to be the smallest
in ten years.
The reduction of supplies has been the occasion of a material advance in prices, as shown for export oil in bulk at
New York, as follows:
Oct. 1. 1902.
Oct. 1, 1803.
Jan. 1. 1908.
Export oil^
8*20 cts.
7-80 ota.
9-20 ote.
Crude oil. per gallon..^...
9-76 ots.
"
18-00 ota.
11*75 ota.
Re Sued oil,
f
The Standard Oil Co. buys some amount of its crude oil,
oil
but what proportion
is
not known.
—The company's pipe
line from Bakersfleld to
at Point Richmond, on San Francisco Bay, a
distance of 280 miles, was put in successful operation several
Pipe Line.
its refineries
months ago.—V. 76, p. 870.
United States Steel Corporation— LwMnflf of Second
Mortgage Bonds. The New York Stock Exchange has listed
—
$133,295,500 of the $350,000,000 ten-sixty-year 5 p. c. sinking
fund bonds of 1963 and has empowered the listing from time
to time, but prior to July 1, 1904, of additional amounts
when issued in accordance with the terms of the indenture,
the total to be listed not to exceed $i20,000,000. Of the
amount of bonds anthorized, $50,000,000 was issuable only for
cash and $200,000,000 only In exchange for preferred stock.
The statement to the Stock Exchange shows that there have
been or are to be issued and listed
NEW 6 p. 0. BONDS LISTED AND TO BE LISTED.
Total
Now
To be
listed
included.
listed.
Isiue against—
$17,115. F-OO
$20,000,000
$2,884,500
Cash ...r.
200,000,000
69,589,000
130,411,000
Preferred Stock
Total
$133,295,500
$86,704,500
$220,000,000
assumed that the $3,884,500 cash represents
the money paid in by the members of the syndicate who
withdrew on Oct. 1. If this assumption is correct, the withdrawing members represented $14,422,500 of the $100,000,000
of underwriting, 20 per cent of this being cash and the rePeople'8 Co-operative Ice Co , New Yor^.— Receiver.— mainder preferred stock. There is still nothing to substanThis company, incorporated in August, 1900, with $150,000 tiate the common belief that the public availed itself of the
of authorized capital stock, which in February, 1902, was privilege of exchanging about $43,500,000 of preferred stock
increased to $1,000,000, has applied to the Supreme Court for for bonds, or that the syndicate, to that extent relieved from
dissolution, owing to insolvency. Joseph D, Carroll was ap- the obligation to provide $30,000,000 preferred stock, volunpointed receiver.
Liabilities, $190,000; assets s'^ated at tarily exchanged such "excess" stock for bDuds (compare V.
|102,782.
Sne further facts in "Journal of
Commerce
&
Commercial Bulletin" of Oct. 28.— V. 74, p. 382.
Peoplc'H Gas Light & Coke Co., Chicago.— Favorable Decufion.— The Illinois ynpreme Court, in an extended opinion
written by Jastice Wilkin, upheld on Oct. 27 the legality of
the Chicago gas consolidation Act, passed by the General
Assembly in 1897. Justice Wilkin says:
We are of the opinion that none of the objections urged to the oontltutlonallcy of the statute can be sustained. If a monopoly has been
oreated or a gas trust formed by the consolidation of the defendant In
error with other corporations named In thlsjpetltlon, it does not so
appear in thU proceeding. Whether the Olty Oouuoll of Ohloago has
It is generally
Nor does it appear when the company will receive th9 net proceeds of the 25 p. c. cash contribution (say
$4,278 875, less commission) which the extending syndicate members were required to pay Oct. 1. (V. 77, p. 717.)
The company reports outstanding as of Ost. 22 in addition
to the new bonds:
$508,302,800
Common itook
379,870,100
Preferred stock
77, p. 717).
First mortcrage col. trust 58, Including $5,539,000 held
303,917,000
alive in the sinking fund
-V. 77, p. 1307. 1229.
^y iiiTestmcnt
Nevra Concluded on PaK« 1546.
:
Oct.
:
,
THE CHRONICLE.
;n. 1903.]
mx& documents.
tpoxts
ST. LOUIS
1537
SAN FRANCISCO RAILROAD COMPANY.
<&
SEVENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
The following report of the
lines constituting the St Louis
combined operations of the
& San Francii^co Railroad
System (excepting the Chicago & Eastern Illinois RR.) for
the fiscal year ended June 30th, 1903, is respectfully submitted
:
MILEAGE OPERATED.
Side Tracks
Main
Second
and
Track.
Track.
Stoitchet.
Br St. Lonis & San Francisco RR.
Company—
393-09
road, and comparison with preceding year
23-90
325*94
Maintenance of Road and Structures
Maintenance of Equipmont
Transportation and TralHo
General Expenses
1600
2916
35-3Sr
65-36
62-31
84-22
24-58
15-59
19588
87-34
16-94
1191
1584
17 27
12-75
1-86
1-60
868
15 81
2916
3,938-17
3,414-24
907-87
787-00
25 66
3-50
120-87
fiscal
year was
523 93
The main track mileage added during the
of
:
71102
1902
$915 90
680 22
2,45406
218 96
2,351 94
$4,319 72
Sf4,142 38
194 32
Expenses per mile was $ 77-34,
accounted for by the increase in wages
is
granted during the year, the increased price of fuel, and to a
considerable extent by the extraordinary expenses incurred
by reason of the unusual floods which happened during the
early spring and summer months.
FINANCIAL.
Capital Stock.
The Capital Stock of the Company remained unchanged at
the end of the fiscal year, and is as follows
:
Authorised.
Increase
292
in Operating
or 4 2 per cent, and
285 66
1902
13-78
10-23
37-13
3 31
1903.
,$935 68
Total
Paris & Great Northern RR
St. Louis San Franclsco&Texas Ry.
Blackwell Enid & Tr-xas Ry
Oklahoma City & Texas RR
Birmingham Bell RR
1902.
Per Cent
73503
The increase
Main Line and Branches
Ft. Worth & Rio Grande Ry
Red River Texas & Southern Ry.
I enl.
1416
1076
Maintenance of Road and Structures
Maliitenanoe of Equipment
Trausportatlon and Traffic
Geaeral Expenses
5-26
By Other Companies in Ststfm under THEIR own Organizations—
Kansas City Memphis & Birmingham RR.
'
1903.
Per
Total
3,31508
Total at June 30th, 1903
The following are the percentages of the different Operating Expense Accounts to Earnings, and comparison with preceding year
The following are the Operating Expenses per mile
Louis J: San Francisco RR. Main Line
2,294*45
and Branches...
Kansas City Ft Scott & Memphis Ry.
MHin Line and Branches
854'70
St. Louis San Francisco & New Orleans
165-93
Railroad
St.
Total
1903.
80,
$5,000,000
31,000,000
64,000,000
First preferred
Hecond preferred
Common
Issued.
$5,000,000
16,000,000
29,000,000
as follows:
Louis A San Francisco RR.—
Milet.
Blackwell Enid & Southwestern Ry.— Choctaw &
Northern Ry. Crossing, O. T., to South Bank of Red
River, completed Feb. 8th, 1903.
154-35
Oklahoma City & Western RR.-Chlckasha, I. T., to
South Bank of Red River, completed March 29th,
1903
135-25
St.
St.
Louis San Francisco
2-75
& New Orleans RR.—
286-85
Ashdown, Ark., to Madlll, I. T., completed Aprlligth, 1903. 165'93
Worth & Rio Grande Ry.—
Brownwood to Brady, Tex., completed March 29th, 1903.. 49-72
Blackwell Enid «fe Texas Rt.—
South Bank of Red River to Vernon, Tex., completed Feb.
Ft.
8th,
1903
12-75
Oklahoma Citt & Texas RR.—
South Bank of Red River to Quanata, Tex., completed March
29th, 1903
Total
8-68
523 93
The main track mileage owned at June 30th, 1903, by Compajiies composing the System was 8,810-14 miles, and the
mileage operated under agreements with other Coinpanies
was 128*03 miles.
The Company also owns one-half
interest in the Kansas
Southwestern Railway, 59-35 miles, and in the Taylor City
Belt Railway, 1-50 miles, but both of these properties are
operated independently and not therefore included in above.
The average main-track mileage operated during the year
ended June 30th, 1903, and for which the financial and sta-
statements are submitted, was 3,675-23 miles, as
against 3,252-35 miles during the preceding year, being an
increase of 422-88 miles, or 13 per cent.
A comparison of the various classes of earnings with those
of the preceding year, is as follows:
tistical
1903.
Qrobs—
$
Freight
17,398,87618
Passenger
4,885,163 17
Mall
530,969 02
Express
630,336 39
Miscellaneous....
844,165 67
Total
24,289.510 43
1902.
Increate.
$
$
15,606,243 15
4,253,757 73
471,75104
526,320 72
702,809 85
21,620,882 49
P. e. of
Intrease.
03
44
98
67
82
11-04
14-84
2,668,627 94
1234
1,792,633
631,405
59,217
104,015
81,355
12 55
19-76
10 66
The gross earnings per mile
of road operated in 1903 were
$6,608 98, as against $6,647 77 in preceding year, a decrease
of $38 79, or one-half of one per cent. This slight decrease
in the earnings per mile is accounted for by the fact that the
earning capacity of the new mileage added during the year
has not yet been fully developed.
comparison of the diilerent Operating Expense Accounts
with those of the preceding year is as follows
A
:
1903.
1902.
Operating Expenses—
$
$
Maintenance of Road
and Structures
..
3,438,839 62 2,978,847 14
Maintenance of Equlpnient
2,613.160 62 2,212,306 07
Transportation
and
Trafflo
General Expenses
Total
Increase.
At June
Common
289*60
Less mileage on Carbon Branch, Kan., taken up
$100,000,000
$50,000,000
30th, 1903, the Treasury holdings of the Capital
Stock issued amounted to $6,737,70, and consisted of
$6,535 10
First preferred
53 00
Second preferred
Total
Uile$
P.e.of
$
l7ie.
149 60
Preferred
Scrip
and
20 of
Fractional
First
of
$54
00
$88
Common Scrip were purchased, and 16,932 shares of the
Treasury holdings of the Common Stock were disposed of
during the year.
Funded Debt.
The changes in the Funded Debt during the year, as shown
by the Balance Sheet, make a net increase of $17,725,500,
and which is made up as follows
8t. Louis di San Francisco BR. Oo.
$12,127,000 in St. L. & 8. F. RR. Refunding 48, of which,
$2,000,000 were for improvement and New Equipment
expenditures made in years lfl02 and 1903.
3,576,000 were for the purchase of the Stock and Bonds
of the Oklah. ma City & Western RR. and the
Oklahoma City & Texas RR.
4,531,000 were for the purchase of the Stock and Bonds
of the Blackwell Enid & Southwestern Ry. and
the Blackwell Enid &, Texas Ry.
1,208,000 were for the purchase ol the Stock and Bonds
of the Red River Texas & Southern Ry.
736,000 were for the purchase of the Stock and Bonds
of the Ft. Worth & Rio Grande Ry.
76,000 were for $61,000 of Underlying Lien Bonds
redeemed, and for refunding purposes.
4,000,000 in Collateral Trust 4 per cent Gold Notes Issued for the
purpose of acquiring all of the capital stock of the St.
Louis Memphis & Southeastern RR. ($1,417,000 00 still
remains in Treasury).
:
$16,127,000 Total.
61,000 Deducted, account Underlying Bonds redeemed during
the year.
$16,066,000 Net Increase.
Leasehold Estate (The K. 0. F. S. <6 M. Ry. Oo.)
$1,819,500 in Kansas City Fort Scott A Memphis Ry. Co. Refunding
4 per cent Gold Bonds, of which $459,500 were for Improvement and New Equipment expenditures during the
year 1903. $1,360,000 were for redemption of Underlying Bonds and for refonding purposes.
$1,819,500 Total.
247,000 Deducted, account Underlying Bonds redeemed during
the year.
$1,572,500 Net Increase.
A. uxiliary' Companies.
$1,000,000 in Birmingham Belt RR. Co. First Mortgage 4 per cent
Gold Bonds Issued for part payment of the property of
that Company (out of proceeds ol which $100,000 Is reserved for improvements).
994,000 in Ft. Worth & Rio Grande Ry. Co. First Mortgage 4 per
cent Bonds (placed under the St. L. & S. F. RR. Co. Refunding Mortgage).
815,000 'in Red River Texas & Southern Ry. Co. First Mortgage
Bonds (placed under the
459,992 48 15-44
Mortgage).
400,854 55 18-12
339,000
4n
Paris
&
St. L.
&
S. F.
RR. Co. Refunding
Great Northern RR. Co. First Mortgage
St. L. & S. F. Ry. Co. Trust Mort-
Bonds (placed under the
9,019,25373 7,649,347 03 1,369,906 70 17-90
804.722 81
631,970 36 172,752 45 27-33
15,875,976 78 13,472,470 60 2,403,506 18 17-84
The Net Earnings increased
$265,121 76, or 3-2 per cent.
200,000
gage of 1887)
'in St. Louis Pan Francisco & Texas Ry. Co. First Mortgage Bonds (placed under the St. L. & S. F. RR. Co. Refunding Mortgage)
$3,348,000 Total.
THE CHRONICLE.
1538
Deferred Payments— Oklahoma City & Western Railroad.
The Company issued two notes dated March lOth, 1903, for
^vj^J.ooo Brought fortcard.
$913,000
being Birmingham Equipment Co. Bonds redoenied diirlnit the year and for which K. C. F. S. & M.
Ry. Uo. Reluuding ia were issued.
Dt>clucted,
f2,435.000 Increase.
2,348,000 Deducted, as that amount of Bonds of Auxiliary Companies le owned by aud covered by mortgages of the St.
Louis •& San Fraiioisoo RR. Co.
f 87,000 Net Increase.
$17,725,500 Total Net.Increase In System Funded Debt.
•(By reason of the Independent organizations of the Auxiliary Companies in Texas, required by the Texas State laws, the Bonds of these
Companies are Included as a liability in the Balance Sheet for the
Urst time.)
[Vol. lxxyii.
$1,074,568 15 each, bearing interest at rate of 4!^ per cent per
annum, payable semi-annually, one maturing March lOth,
1904, and the other Sept. 10th, 1904.
Settlement for the purchase price of the Oklahoma City
Western RR. and the
Oklahoma City
Texas RR. was made, one-third in cash
and two- thirds in notes. These notes will be paid when due
from the sale of bonds issued for the payment of the road,
and which are now in the treasury of the Company.
&
&
The increases in items "Notes Payable," "Audited Vouchand Pay Rolls" and "Due to Companies and Individuals,"
as shown by the balance sheet, are the re.^ults of large expenditures for construction purposes and for the acquisition
Bonds in Treasury.
The par amonnt of bonds held in the treasury as a current of additional property. As soon as the financing of the new
properties which are being constructed is completed, these
asset at Jnae 80th, 1902, was §3,544,625, and there were added
during the
fiscal
liabilities will
year as follows
$2,000,000 00 Refundmg 4 per cent Bonds issued for improrement
and new equipment expenditures made in years 1902
ami 1903.
3,576,000 00 Refund iuK 4 per cent Bonds Issued to cover the jmrohase price of the Stock and Bonds of the Oklahoma
City & Western and the Oklahoma City & Texas railroads.
1,203,000 00 Bernnding 4 per cent Bonds issued to cover the puroha?e price of the Stock and Bonds of the Red River
Texas <Sr Southern Ry.
736,000 00 Refuudtng Mortga.e 4 per cent Bonds Issued, $730,000
In part payment of the purchase price of the Stock and
Bonds of the Fort Worth & Rio Grande Ry., covering
Road Bnwnwood to Brady, aud $6,000 for 128 shares
of Fort Worth &: Rio Grande Ry. Co. Stock puroha-ed.
8,000 00 Ref undiug Mortgage 4 per cent Bonds issued for a like
amount
of Underlying Bond^ redeemea through Sinking Kunds.
459,500 00 Kansas City Ft. Scott & Memphis Ry. Co. Refunding 4
per cent Bonds issued for improvement and new equip^
ment expenditures during the year.
247,000 CO Kansas City Ft. Scott & Memphis Ry. Co. Refunding 4
per cent Bouds issued for a like amount of Underlying
47,500 00
ers
Bonos redeemed through Sinking Funds.
Louis Memphis & Southeastern RR. Co. 4 per cent
Bonds, $45,000 of -which were received in exchange for
Miss luxi & Arkansas RR. Co.'s Stock and $2,500 paid
St.
be paid
off.
NEW
MILEAGE.
The following roads were completed and placed in operation during the year, references in respect to the construction of which were made in last year's report
Ft. Worth & Rio Grande Railway. Extension Brownwood to Brady, 49-78 miles, completed and placed in operation March 29th, 1903. The ballasting of this extension is
not yet finished, but will be completed by the end of October, 1903.
&
& Southwestern and Blackwell Enid
Texas Railways. —These roads form a continuous line
Blackwell Enid
from Blackwell, O. T., to Vernon, Texas, a distance of
251-426 miles, and were completed and placed in operation
Feb. 8th, 1903.
Oklahoma City & Western and Oklahoma City &
Texas Railroads. — These roads form a continuous line
from Oklahoma City, O. T., to Quanah, Texas, a distance of
18353 miles, and were completed and placed in operation
March 29th, 1903,
Mileage Under Construction.
Fr.yncisco & New Orleans Railroad.
Louis
San
52,077 27 St. Louis & San Francisco BR. Co. 4 per cent Gold Notes
and Scrip received in exchange for Southern Missouri By an agreement with the Choctaw Construction Company,
& Arkansas RR. Co.'s Stock.
159 00 St. Louis A Sau Francisco RR. Co. Consolidated 4 per that portion of the St. Louis San Francisco & New Orleans
RR. between Ashdown, Ark., and Soper, I. T.. 99-58 miles,
cent Bond Scrip purchased.
was on August 1st, 1902, turned over to this Company for
$9,334,236 27 Total added during the year.
operation
an additional 20-26 miles was coaiplec*=d and
Deduct.
turned over on November 11th, 1903, and on April 19th, 1903,
it was completed to a connection with the Southwestern
$6,265,000 00 Refunding 4 per cent Bonds sold.
Division at Madill, I. T., making 165-93 miles completed and
908,000 00 K. C. F. S. & M Ry. Co. 4 per cent Bonds sold.
125 00 Consolidated Mortgage 4 per cent Bond scrip can- placed in operation. It is expected that the entire line beceled.
tween Hope, Ark., and Ardmore, I. T., a distance of about
223 miles, will be ready for operation by November 1st of the
$7,173,125 00 Total to deduct.
—
for in cash.
St.
;
$1,161,111 27 Net par amount of Bonds added during the year, making a total par amount ot Bonds and Scrip in ireasury
at June 30th, 1903, of $4,705,736 27. See statement H,
page 41, in pamphlet report, for full description or ee-
current year.
—
Sulphur Springs Railway. An agreement was made
with the Frisco Construction Company for the construction
of a branch from Scullin, a point on the Southwestern Diviourities owned.
sion, to Sulphur Springs, 1. T., a distance of 8-72< miles.
Sulphur Springs is a noted health resort in the Indian TerriAdvances Accocnt of Construction.
The Company at June 30th, 1903, had advanced to roads tory, famous for its mineral waters. The road was completed into Sulphur Springs on June 7th, but was operated
under construction, and for surveys, $3,164,917 02, as follows
for account of the Construction Company until July Ist, 1903;
Missouri
Southeastern Coastruction Co.:—
on the latter djite it was turned over to this Company for
Account St. lx)uis Memphis <fc Southeastern BR. Conoperation
struction
$586,585 00
Frisco Construction Co.: —
Platter Cut-Opf.— Under an agreement with the Frisco
Account Sulphur Springs Extension and Platter CutConstruction
Couapany a branch is being built between
olT.
167,216 17
Meade Junction, a station on the St. Louis San Francisco &
Olioctaw Construction Co.: —
Account St. Louis San Francisco New Orleans BR.
New O leans Railroad, to a connection with the SouthwestConstruction.
215,000 00 ern Division near Platter, a distance of about nine miles.
International Equipment Co.:
When completed, tliis branch will make a saving in the haul
Account Ft. Worth & Rio Grande Ry. Construction
(Additional over Refunding 4 per cent Bonds issued)
201,936 66 of southeastern business to and from Texas points va DeniMemphi- & New Orleans Extension
70,720 33 son, passing over the St. L. S. F. & N. O road, of thirty-two
New Orleans Terminal Company
649,015 82 miles. It is expected that this cut-off will be completed by
Oklahoma City & Western BB- Construction (Additional over Refundlnt: 4 per cent Bonds issued)
61,715 16 October 1st, 1903.
Oklahnma City & Southeastern Ry. Construction
14,437 95
New BAILWAT8 Acquired.
Bed River Tt-xas & S luthem Hy. Construction (Additional over Refunding 4 per cent Bonds issued)
St. Louis Memphis & Southeastern Railroad.— On Nov141,701 61
Taylor City Belt Ry Co
33 438 39 ember 'st, 1902, the company purchased from the Missouri &
Miscellaneous Surveys
20.149 b3
Southeastern Construction Co. the entire capital stock of the
Total
$2,164,917 02 St. Louis Memphis & Soatheastern Railroad Ci mpany,
:
<fe
<fe
I
During the year the
notes as follows:
Company
issued additional equipment
Series "B"
$1,235,000 00
payable semi-annually, February and August, $60,000 and $64,000, respectively, each year, and bearing
interest at 4 per cent per annum; last payment August, 1912.
Series "C"
$738 000 00
Dated October 15rh, 1902, fifty notes of $1,000 each, payable every
six months from November Ist, 1902; bearing interest at 4 per
cent per annum; last payment November, 1912.
AUKKiCAN Car & Foundry Co. Equipment Notes
$1,091,578 80
^120 not^s of denomination of $3,211 00 each; 120 of $2,793 5 7 each
and 120 of $3,09192 each; dated February 27th, 1903; Mar ih
27th, 1«03, and April 10th, 1903, respectively; one note of each
payable upon the corresponding day of each consecutive month
Dat«d August
1st. 1902,
thereafter.
$263,408 55 of equipment notes were paid
to $12,500,000, and issued in payment therefor
$4,000,000 of 4 per cent Collateral Trust Notes. When completed, this line will extend from a point near St. Louis,
Mo., to Luxora, Ark., a distance of about 249 miles, with a
branch from Shepley, Mo., to Hoxie, Ark., i2l miles, and a
branch from Mingo to Hunter, 46 miles, a total of 416 miles.
The road is at present in operation for account of construction from Shepley to Hoxife, 121 miles; from Cape Girardeau
to Luxora, 126 miles; from St. Genevieve to 6t. Marv's JuncAt
tion, 11 5 miles, and from Mingo to Hunter, 46 mil' s.
amounting
Equipment Notes.
and canceled
during the year; $1^2,40^ 55 of which were notes of the above
issues and $13 1, 000 were Blair & Company Equipment Trust
Notes issued during the previous year.
For description of equipment purchased, see page 1540.
Luxora, on the southern end, a conaection is made with the
Deckerville Branch ot the Kansas City Ft. Scott & Memphis
Railway. It is expected that the whole line will be completed before the end of the current year. It will give the
company a new and direct route between St. L mis, Memphis and Birmingham, and will form a part of the through
line connecting Chicago, St. Louis, Memphis and New Orleans.
St. Louis & Gulf Ry.— In November, 1902, this company
acquired the entire capital stock of the St. Louis & Gulf
Ry. Co., amounting to
$6,000,000,
That company owns 195
THE CHRONICLE.
Oc?T. 31. 1903.]
miles of completed road and branches, and has under coustrnction an additional seventy miles, which it is expected
will be completed by the end of the current year. The road
and its branches cover a very fertile territory in Southeastern Missouri, and will be a valuable feeder to the St. Louis
Memphis & Southeastern and the Chiwigo & Eastern Illinois
The road, until completed, will be operated for
railroads.
construotion account.
Chicago & Eastern Illikois Railroad.— In August. 1902.
Eastern
the company acquired the control of the Chicago
Illinois RR. ( o.. by the purchase of fully eighty per cent of
its capital stock; and by a circular dated August 7th. VdO'2.
the St. Louis & San Francisco Railroad Company offered to
purchase all of the common and preferred stocks of tho
Eastern Illinois Railroad Company on terras as
Chicago
stated therem; t. e $150 per share in preferred stock trust
certificates, entitled to dividends at the rate of 6 per cent
per annum in respect of each share of preferred stock represented thereby; and for common stock, §350 in stock trust
certificates entitled to dividends at the rate of 10 per cent
per annum in respect of each share of common stock represented thereby. The preferred and common stock trust
certificates are issued under trust agreements dated October
San Francisco RR. Co.
1st, 1903, between the St. Louis
and the Colonial Trust Company of New York, and are
secured by deposit of the respective shares against which
they were issued.
The stock trust certificates are payable July Ist, 1942, but
may be redeemed on any dividend day on thirty days' notice.
By an agreement dated November 1, 19i'2, between the
Cleveland CincinnatiChic*go & St. Louis Railway Company,
the Chicago & Eastern Illinois Railroad Company, and the
St. Louis & San Francisco Railroad Company, a double-track
road is being constructed between Pana, 111., and E>ist St.
Louis, over which this Company and the Chicago & Eastern
Illinois Railroad Company will have trackage rights for a
term of nine hundred and ninety-nine years.
The Chicago & Eastern Illinois Railroad is being operal^ed
&
&
,
&
separately.
Ozark & Cherokee Centhal Railway and Shawnee
Oklahoma & Missouri Coal & Railway. —This Company
&
Cherokee
the capital stock of the Ozark
Missouri Coal & Rail
Central and the Shawnee Oklahoma
way Companies. The two roads form a continuous line from
Fayetteville, Ark,, to Okmulgee, I. T., a point on the Southwestern Division, a distance of 144 miles. The line was completed to Okmulgee on June 19th, 1903, and this Company
assumed control of the operations of both companies on July
purchased
all of
&
1st, 1903.
The cost of the stock of the two companies
to $1,000 per mile of completed road.
was equivalent
TRAFFIC.
Feeight.
The increase
in the tonnage carried during the fiscal year
over that of the preceding year was 981,280 tons, or 10-82
percent; and the increase in the ton mileage was 1' 2,039,The average haul decreased 6*48 miles,
578, or 6 84 per cent.
or 3'53 per cent, as compared with the preceding year.
The ton-mileage density of commercial freight par mile of
road for the year was 476,051 tons, as against 503,499 tons
for tho preceding year; a decrease of 27,448 tons, or 5 per
cent. This decrease in density of tonnage is natural, for the
reason that the business of the new mileage added during
the year has been developed to only.a limited extent.
The average rate per ton increased one cent, and the average rate per ton mile •048 of a cent, over the preceding year.
The increase in the rates per ton and per ton mile was by
reason of the larger percentage of increase in tonnage of the
higher class of shipments and the more satisfactory rate
situation.
The average load in tons of commercial freight per loaded
car for the year was 15'27 tons, against 14'78 tons for the
preceding year; an increase of -49 of a ton, or 3"32 per cent.
The average load per loaded car, including Company's
freight, was 17'34 tons, against 16-19 tons for the preceding
year; an increase of 1'15 tons, or 7*10 per cent.
The average train-load of commercial freight was 195-01
tons, against 186-91 tons for the preceding year; an increase
of 8-1 tons, or 4*33 per cent
Including Company's freight, the average train-load for
the year was 221 39 tons, against 204-73 tons for the preceding year; an increase of 16-66 tons, or 8-14 per cent.
The freight-train mileage increased 210,690 miles, or 2-40
per cent. The loaded car mileage increased 3,787,503 miles,
or 8-4'3 per cent. The empty-car mileage decreased 1,155,231
miles, or nearly 2 per cent.
Passengeh.
The increase in the passengers carried during the fiscal
year was 503,293, or 13-68 per cent, over the preceding year,
and the increase in the passengers carried one mile was 29,077,519, or 15-70 per cent. The average distance each passenger was carried was 51-25 miles, against 50-36 miles for the
preceding year, a increase of 89 of a mile, or 1-77 per cent.
The average rate per passenger increased 1-18 cents over
that of the preceding year, and the average rate per passenger per
le decreased 0*017 of a cent, or seven-tenths of one
per cent.
The number of through passengers carried during the year
increased 20*97 per cent, and the through passengers carried
i
m
1539
one mile 19-21 per cent. The local passengers carried increased 13-03 per cent, and the local passengers carried one
mile, 14*11 per cent.
The passenger-train mileage increased 536,259 miles, or
10-03 per cent, and the earnings per passenger-train mile increased 2-8 per cent.
Puvsicai- Condition.
The Company has pursued
the same policy as in previous
cliarging the total cost of all renewals of buildings, bridges and steel rails to operating expenses.
years
— of
Twenty-three thousand
eigiit
hundred and eighty-one tons
of new 75-lb steel rail were laid in track during the fiscal
year, as against 15,563 tons laid during the preceding year.
l.051,<il9 new cross ties and 363 sets of switch ties were
placed in track during the j'ear, as against l,273,b81 new
(•ross ties and 528 sets of switch ties laid during the preceding year.
Sixteen bridges of twenty-five spans, and a total length of
2,100 feet, were replaced by ten new bridges of fifteen
heavier spans of 1,497 feet, redncing the length of the
bridges in question 504 feet. Nine of the spans were replaced by arch culverts, and one span was replaced by cast
iron pipe.
To accommodate the increased
traffic
and
facilitate the
handling of trains, 120*87 miles of passiog, yard and industrial tracks weie built during the year, and the cost of same
190 20 miles
($530,909 32) was charged to capital account.
were ballasted with crushed rock and gravel during the
year, at a total cost of $383,080 05, of which $74,238 61 was
charged to operating expenses and $308,841 44 to capital
account.
Construction of a second main track between St. Louis
and Windsor Springs, a distance of i3J^ miles, was commenced during the past year, and at June 30th, 3^ miles of
same were completed. It is expected that this entire work
will be completed before Deo. 1st, 1903.
This much-needed improvement will expedite and facilitate the handling of both suburban and through trains, as
well as the additional business between Lindenwood and
St. Louis, anticipated with the completion of the line via
Cape Girardeau to Memphis— the St. Louis Memphis
Southeastern Railroad.
&
GENERAL.
The prosperous condition which has prevailed during the
past year in the territory tributary to the Company's lines,
continues, and an average good crop of farm products is
assured for the current year. The outlook for an increase
in coal production is also bright, so that a continuation of
heavy freight traffic for another year may be expected.
The regular quarterly dividends on the Company's first
and second preferred stocks were declared and paid during
the year, and the guaranteed dividends on the Kansas City
Ft. Scott
Memphis Railway Company Preferred Stock
Eastern Illinois RailTrust Certificates and the Chicago
&
&
Company Common and Preferred Stock Trust Certificates were also duly paid, as shown by the Income Account.
In consequence of the considerable new mileage opened
road
for traffic during the year, the increase in our fixed charges
temporarily somewhat out of proportion to nee earnings.
The territory served by the new lines is not only productive,
bnt is being rapidly developed, and is now raising and marketing, since the close of the fiscal year, its first crop.
Therefore, both gross and net earnings on these new lines
were smaller than we shall have in the future, while the
full interest charges were borne thereon since taking them
into the System.
The cost of " Franchises and Property " has been charged
with the difference between cost of underlying bonds refunded and proceeds of 4 per cent refunding bonds sold
therefor, heretofore carried in "Suspense Accjunt," as
separate account will
shown in previous Annual Report.
be kept of this item, and it has been decided by the Board
that an appropriation shall be made from Income or Profit
and Loss Account, as may be determined annually, so that
at or before maturity of the refunding bonds the entire
amount will thus be written off.
separate report showing the results of operation of the
Chicago
Eastern Illinois Railroad Company for the fiscal
year, and its financial condition at the end thereof, has been
published, and the statistics of the Chicago& Eastern Illinois
Railroad Company are therefore not included in the figures
in this Company's report for the year, but in order to show
the consolidated results of operation of the system, including those of the Chicago
Eastern Illinois Railroad Company, there is appended to this report a consolidated Income
Account, Profit and Loss Account and Balance Sheet, showing the results of operation of both properties for the year,
and their financial condition at the end thereof.
The eoard directed that Mr. Stephen Little make an
examination of the accounts of the Company for the year,
and his cerdficate appears in the pamphlet report.
I renew
acknowledgment of the faithful and efficient
services rendered by officers and employees.
The usual financial and statistical statements showing in
detail the results of operation for the year, and the condition
of accounts at the end of the fiscal year, are submited herewith. [See pamphlet report.]
is
A
A
&
&
my
B. F.
YOAKUM,
President.
THE CHRONICLE.
1540
SUMMARY OF FINANCIAL CHANGES FROM JUNE
BBsotmcES TO Be Accxjuntkd For—
Increase of AssetsFranchises and Property
Stocks and Bonds Owned
Leasehold Estate (The K. C. F.
6,257,550 00
Treasury— Cost of
Advances account Roads under Con-
21,041
183,396
265,794
54,865
Traffic
Sinking Funds accrued
est
16,671 45
CLASSIFICATION OF FREIGHT TONNAGE OF THE SYSTEM
FOB YEAR ENDED JUNE 30TH, 1903, AND COMPABISON WITH PREVIOUS YEAR.
-
.
Torn.
Total
Ton'age.
317,325
330,652-2
926,369-9
287,002-7
123,504-3
201,906-8
165,507-8
153,566-8
132,080-2
602,467
241,965-3
Wool
Hides and Leather
Total Products Of Anlmahj
Grand Total accounted
173,909 50
$62,405,335 09
for
STATEMENT OF ROLLING STOCK, SHOWING THE
FERENT CLASSES AS OF JUNE 30TH, 1903.
COMPABED WITH JUNE 30TH, 1902.
1,502,840
16-57
393,647-6
139,867-7
9,260 4
432-5
3,848*9
431,350-1
197,163-3
9,240
1,176-4
2,999-6
552,0571 0549
641,9294 07-08
DIF-
Owned Changed, Dettroyed Owned
and
JuneSO,
30, Built and
June
Deseriplion.
Locomotives
..
,
1902. Purchased. Changed.
510
2
78
84
50
48
Chair
102,630-3
132.259-7
123,525-5
208,064-8
91,927-4
19-80
5,018 32
Total Decrease of Liabilities
Fabsenorr CarsCo aches -First Cl&BB
Coaches-Second Class
54,489-8
Products of AnimaxsLive Stock
Other Pack. House Products
Poultry, Game and Fish
&
P.O. of
320,384
481,439-5
12^,546-4
Total Prod, of Agriculture. 1,989,938-5
28,75174
Trustees account Traflfio Guaranty
The Kansas City Ft. Scott
Mem.
By, Co
-1902.
P. O. of
Total
Cotton
Fruit •nd Vegetables
Cotton Seed and its Products
Fund
1,00000
131,000 00
8,139 44
639,764 01
$62,405,335 09
Tonnage.
144,84477
$62,231,425 59
Equipment Notes, Blair & Company.
Taxes accrued (not due)
Kansas City Osceola & So. Ey. Inter-
$3,909,226 39
3,269,462 38
Ton$.
942,112 93
116,571 67
100,000 00
Decrease of Liabilities—
(3alledBond8
C. F. S. &: M. By. Co.)
-1903.
2,007,032 49
Total Increase of Assets
55,342,859 24
(irand Total to be accounted for
MUl Products
308.307 14
struction
Increase-
Total Grain
Accounts— Bal-
Trustees Sinking Fund Account
Sinking Funds.
Old Colony Trust Co., Birmingham
Belt Railroad Co., Improvement
46
10
67
90
Total Increase of LiabUltles
Other Grain
Open
Unadjusted
ance
Interest on Bonds, matured
Interest on Bonds, accrued (not due).
Wheat
15,868 30
509,200 32
Fund
to Companle.'» and Individuals...
to Railroad Companies, Account
Com
Govern-
States
Securities in
2,149.136 30
1,375,000 00
885.228 76
1,369,075 80
1,178,255 89
225,644 02
842,39450
United
1,572,500 00
1,064,170 25
Western RR
Notes Payable
Audited Vouchers and Pay Bolls
2,C00 Poundt, One Ton.
Products of Agbiculturb—
795,91129
Supplies on hand
<jb
Land Income Account (The K.
Trust
of
uals
17,660,500 00
1,180.000 00
688,000 00
6,257,550 00
17,660,500 00
1,180,000 00
688,000 00
in
Due from
ment
Trust Certlfloatee,
Inerease of Profit and LossBalance at Credit, June 30th,1903
Balance at Credit, June 30th, 1902.
Common Stock-
Treasury
Due from Agents and Conductors
Due from Companies and Individ-
Preferred Stock Trust Certificates
Hay
Co.,
New Equipment, Series "B"
New Kqulpment, Series "C"
American Car & Foundry Co.,
Cash
.
Flour
Other
& E. I. RR,
Cost of
$16,067,000 00
Capitil Stock Auxiliary Companies
2,114,600 00
Funded Debt
..
2,435,000 00
do
do
Outstanding Securities on Leasehold
Due
Due
4,510,437 01
Stock-
Co., Preferred
Equipment-Cost
Equipment Notes, Series "B"
EquU)ment Notes, Series "C"
Equipment Notes, American Oar &
Foundry Co
Deferred Payments— Oklahoma City
Auxiliary
Cost of
C.
Funded Debt
RR
Common Stuck
C. & E I RR
&
8.
1,691,16428
Companies
C. & E I RR.
$6,406,040 39
Total Decrease of Assets
&E.I.
1903.
$21,489,477 94
1,568,153 04
M.Ry.)
Franchises and Property
Increase of Liabilities-
Estate^
(TbeK. C. F. S. A M. Ry.):
Funded Debt and EquipuientNotes.
TO JUNE 30TH.
30TH, 1902,
This Sum Is Accopntkd for as Follows:
Decrease of Aesflts—
Suspense Account
$5,677,50993
New Eiiuipment under Blair & Oo.
Equipment Trust
131,000 00
Cash in Trust Co'a for Coupons and
Sinking Funds
573,185 32
Due from Railroad Companies, Account Tratlio
5,615 08
St. L. A 8. F. Ry. Co. Trust Mtg. of
1880,6s. redeemed (par $1,000) cost.
1,230 00
Bt. Louis World's Fair Stock
17,500 00
C.
[Vol. lxxvii.
CombinationCoach and Baggage
Coach and Mail
Coach, Mail and Bagga.ge -..
Baggage and Express
Baggage and Fruit
Baggage, Mail and Express.
MaU and Express
Mall and Baggage....
Baggage
Express
Mall
17
25
11
42
1
20
14
21
7
1
6
11
14
3
13
4
1
2
11
22
1
'is
s
3
6
4
19
8
3
7
3
9
342
105
60
387
7,042
3,177
205
10.014
75
984
95
1
>_>>>>
18
169
966
7,136
1,170
587
107
736
272
98
134
20
•9
44
8
666
108
727
308
16,939
4,585
395
21.129
4
5
3
2
Fruit (Passenger)
78
70
19
25
7
65
8
Official
Dining
Observation Caf*
586
5^
23
"18
1903.
Products of Mines—
Bituminous Coal
Coke
Ores
..
3,518,540-6
101,880-7
198,446-2
3,182,383-4
68,556-7
203,878-3
316,340-6
384,602-6
Stone. Sana and Other Like
Articles
Total Products of Mines.. 4.135.2080.
Products of the Forest—
Lumber
1,379,926-3
Total Passenger Oars
Freight Cars-
Box
4115
3,839,421
42-34
13-73
1,313,303-9
14-48
Manufactures—
Petroleum and Other Oils..
Sugar
Iron, Pig and Bloom
Iron and Steel Kails
Other Castings and Maoh'ry
Bar and Sheet Metal
CJement, Brick and Lime
Agricultural I ni piemen ts...
Wagons, Carrlages.Tools.etc
Wine, Liquor and Beer
70,182-8
44,169-4
178,424-8
•
Caboose
55,965-5
51,34's-6
33,3725
148,607-9
86,186-3
67,610-4
78,843-2
366,288-2
24,048-2
34,670-9
28,277-3
77,135-8
47,572-9
95,1091
110,31 07
81,731-4
415,317 6
23, .555-8
33,148-5
Total Freight Cars
Total Manufactures
Merchandise
Mlscellan eous, Other Commodities not mentioned above..
1,162,458*4
474,()74-6
11-57
04^72
356,268 4 03-54
Derrick
Pile Driver
Steam Shovel
Boarding
• • •
>
1
7
6
4
10
8
2
4
04-54
3
1
3
411,577-7
Tool
Service
Ballast
174
96
159
155
59
64
4
1
1
2
472
295
224
543
17,753
4,985
679
22,059
5,063
681
22,645
370,162
0408
1,539,539-4
Tonnage,
>«
10-91
Company's business
Total
« •
^9^16-4
9,068,650-4 100
17-90
3
10
9
1
1
1
Water
Gas Tank
Steam Wrecker
Ballast Unloader
Total Tonnage, exclusive of
Company's business
10,049,931-3 100
2,190.701-8
1
8,173
Miscellaneous Cabs—
Househ(dd Goods and Furniture
Froit (Freight)
Stock
Coal
Flat
Befrlgerator
Furniture
including
Company's Business
12,240,633-1
10,608,189-8
Average mileage operated 1903, 3,676-23.
"
"
"
1902,3,252-35. -
Ballast-Rodgers and Ingoldsby.
Cinder
Distributing
Ditcher
1
2
1
• >
1
>
....
•
>
•
1
67
155
228
6
8
14-51
Total Miscellaneous Cars
Total Cars
Grand Total Engines and
Cars... 18,263
X
6
2
262
.
Oct.
THE CHRONICLE
31. 1903.]
1541
CONDENSED GENERAL BALANCE 8HEET, INCLUDING THE OHIOAQO & EASTERN ILLINOIS RR.
O.dE.I.
RR. Co.
SLL.<i8.r.
RR. Sustem.
$
Assets—
Franchises anrt Property
Stocks and Bonds Owned
Total Fianchlse and Property... 125,434,645 37,676,553 163,111,199
Leasehold Estate— The K. C. F.
AM. Ry
81.
Total.
$
122.121,599 37,676,563 159.798,153
3,313,046
3,313,046
a 8. F.
L.
RR. System.
$
Liabilities—
Capital Stockist Preferred
2d Preferred
o.
<e
RR
E.
30, 1903.
I.
Total.
Co.
$
5,000,000 6,830,700 11,830,700
16,000,000
16,000.000
29,000,000 7,204,400 36,204,400
,...,, .^^
75.086,925 25,625,000 100,711.925
Common
Funded Debt
S.
AT JUNE
CO.,
63,691,774
63,691,774
iary Companies
33,210,534
0. & E. I. RR. Co.. Preferred Stock
Cost of (8Pe contra)
6,257,550
C. i E. I. RR. Co.. Common Stock
Cost of (see contra)
17,660.500
New Equipment under Blair <fe Co.
Equipment Trust (see contra)... 1,114,000
New Equipment, Series "B" (see
33,210,534
1,180,000
1,180,000
688,000
688,000
Tot. Outstand. Seour. on Leasehold Est., K. C. F.S. & M. Ry.. 63,573,110
63,573,110
795,911
795.911
Capital Stock, Auxiliary Co.'s'
14,198,700
Funded Debt. Auxiliary Co.'st.... 19,106.920
14,193,700
19,106,920
200,000
200,000
Total Capital Stock and Bonds,
Auxiliary Companies
33,305,620
33,305,620
Tot
Franchises ami Property, Auxil-
contrji)
New
Equipment, Series "C"
hold Estate,
6,257,550
17.660,500
1,114,000
The K. C.
Stocks-
American Car & Foundry Co.
Trust Equipment, Cost of
Refunding Mort.. 40o Bonds In
Current AssetsCash In Treasury
Cash in Trust Cos. for Coupons
and Sinking Funds.
Due from Aleuts and Conduct's
Due from Railroad Companies,
Account Tijkttlc
Dae from Companies and Indi.
viduals
Due from
Government
Supplies on hand
Unaidjust'd Open Accounts (bal.)
U.
S.
Securities in Treasury, Cost of..
Other
873
13.510,000
15,000,000
Funded Debt and Equip. Notes... 35,063,110
1,548,980
739,210
345,725
1,192,548
593,415
100,961
2,525,479
135,782
1,605,543
505,284
5,465,274
15,590,492
Fund
2,288,190
345,725
1,785,963
100,961
490,945
22,058
629,606
1,000,000
3,016,424
157.839
2,235,149
505,253
6,465,274
2,985,663
2,985,663
419,796
6,880,693
2,534,713
,090,309
22,471,185
1,090,309
144,845
640,630
100,000
785,475
100,000
15,000'.000
35,063,110
6,257,550
6,257,550
17,660,500
17,660,500
1,114,000
1,114,000
1,180,000
1,180,000
(see
contra)
Equipment Notes,
Series
"B"
(see
contra)
Equipment Notes,
Series "C" (see
contra)
Equip. Notes. Am. Car & F. Co
Ref. Mort. 4% Bonds, Northwest.
Div. Imp. and Equip. Fund (see
contra)
Special Master, Kan. Midland Ry.
(see contra)
Deferred Payments— O.C.&W.RR.
Current LiabllitieB—
Notes Payable
Audited Vouchers and Pay Rolls
688,000
1,064,170
200,000
873
873
2,149.136
Individuals....
Acct. Traffic...
1,490,016
937,266
162,375
.
688,000
2,330,864
2,149,136
Dividends due and uncalled for.
Interest on Bonds, Matured.
Int. on Bonds, Accrued (not due)
Taxes, Accrued (not due)
Due to Co.'s and
Due to RR. Go's,
1,266,694
200,000
2,215,000
3,364,769
1,412,609
148,478
.
1
13,510 000
Trust Certittcates,
<fe
2,164,917
Trustees Sink. Funds Account
Sinking Fands
Old Oolony Trust Co. Improvem't
Common Stock
E. I. RR. (see contra)
C.
Equipment Notes, Blair & Co.
Investments, Including
Construction
M. Ry.—
Preferred Stock Trust Certifloates
O. * E. I. RR (see contra)
873
Terminal Grounds and Buildings in Chicago
Advances, Account Roads under
Total Cukeent assets
&
Common
Trust with Continental Trust Co.
of N. Y. (see coutra)
lOsBisslppi Valley Trust Co.. for
deposit by Special Master in
Chancery for Kansas Midland
Ry. (86© contra)
F. S.
Preferred Certificates
(see
contra)
Capital Stock and Bonds.. 125,086,925 39,660,100 164,747,025
Outstanding Securities on Lease-
...
845,858
319,632
39,100
304,069
48,951
2,215,000
4,210.627
1,412,609
148,478
319,632
1,.'^29,146
1,241,335
211,326
Total CORRBNT Liabilities.. 9,730,542 1,557,611 11.288,152
Sinking Funds Account
1,151,280
1,151,280
K. C. O. & So. Ry., Interest Fund.
Imp. Fund (K.O & M.Ry. & Br. Co.)
21,532
18,089
21,532
18,089
Total Liabilities
263,201,328 42,484,405 305,685,733
Accounts to BalanceLand Income Account (The K.C.
&
M. Ry. Co.)
F. S.
Profit and Loss
TOTAl Assets
48,879
3,909,226
Total
267,159,433 45,197,877 312.357,310
2,713.472
48,879
6,622,699
267,159,433 45,197,877 312,357,310
Total Mileage at June 30, 1903— St. Louis* San Francisco RB. System
Total Mileage at June 30, 1903— Chicago <k Eastern Illinois RR
3,938-17 miles.
751-45 miles.
Grand Total
4,68962 miles.
owned by the Company except $51,100 of the Ft. Worth & Rio Grande Railway Co. issue.
$2,747,500 of the Funded Debt ol Auxiliary Companies is owned by the Company, of which $2,009,000 is deposited under the Refunding
Mortgage; $399,500 under the K. C. F. 8. & M. By. Co. Refunding Mortgage, and $339,000 under the Trust Mortgage of 1887.
*
All
t
STATEMENT OF GENEBAL INCOME ACCOUNT OP THE ST. LOUIS & SAN FRANCISCO RAILROAD SYSTEM, INCLUDING
THE CHICAGO & EASTERN ILLINOIS RAILROAD CO.. FOR THE FISCAL YEAR
ENDED JUNE 30TH. 1903.
St.
<t 8. F. SB.
t'yulem..
L.
O.dH.I.RR.
Oo.
Total.
Average mileage
3,675-23
743-39
4,418-62
Percentage of Operating.
6536
55-33
b3-06
Gross Earnings from
Operation
$24,289,51043 $7,723,847 90 $32,013,358 33
Operating Expenses
15,875,976 78 4,312,587 81 20,188,564 59
Net Earnings from Operation
$8,413,533 65 $3,411,260,09 $11,824,793 74
Add—
Miscellaneous Income.
Dividends on C. & E. I.
RR. Co. Stock
Land Department Receipts
131,095 36
372,798 81
503,894 17
607,132 50
607,132 50
5.075 55
5,075 55
Total Net Income.... $9,166,837 06 $3,784,058 90 $12,940,895 96
I<es9—
on Funded Debt
and Equlpm't Notes $3,530,437 04 $1,282,323 95 $4,812,760 99
Rental of Leased Lines 2,780,865 49
157,523 22
2,938,388 71
Taxes
382,820 89
239,501 00
622,321 89
Rental of Tracks and
Int.
.
Terminals
Guaranteed Dividends
Nos. 1, 2 aod 3 on
Preferted, and Nos. l
and 2 on Common
98,773 99
98,773 99
Stock
Trust Certificates, C.&E. I. RR. Co.
889,222 50
Total interest and other
charges
$7,682,119 91 $1,679,348 17
Surplus— applicable
Dividends
889,222 50
Bmight forward
St.L.cES.F.RR.
ByUtm,.
O.dtE.I.RR.
Co.
Total.
^1,474,717 IS
%2,io4,7io 73
^3,579,427 Si
of which the following Dlvid'ds were paid—
Out
4%
each on
St. L.
& S.
RR. Co. First and
Second Pref d Stock,
F.
$199.742 12
and
$640,000 resp'ctively
6% each on C. & E. I.
RR. Co. Pref rr'd and
Com. Stock, $409,842
and $433,068, r e
$839,742 12
$
842,910 00
spectively
Total Dividends
Leaving Balance of
Out of which the follow1 n K
appropriations
were made by the Executive Committee —
For new construction
$839,742 12
842,910 00
$839,74212 $842,910 00 $1,632,652 12
$634,975 03 $1,261,800 73 $1,896,775 76
andpermanent betterments
For interest on Car
$289,971 12
$289,971 12
330,675 52
330,675 52
300.000 00
300,000 00
341,154 09
976,129 12
$634,975 03 $1 ,261,800 73
$1,896,775 76
Trust Notes for deferred payments on
1,000 box cars and
750 coal cars, pur-
chased from American Car & Foundry
Co
For
depreciation
f
equipment
the remaining Sur-
And
$9,361,468 08
plus carried to credit of
Profit
and Loss
634,975 03
to
$1,474,717 15 $2,104,710 73
$3,579,427 88
THE CHRONICLE.
1542
[Vol. lxxvii.
STATEMENT OF GENERAL PROFIT AND LOSS ACCOUNT OF THE ST. LOUTS A SAN FRANCISCO RB. SYSTEM. INCLUDING THE CHICAGO & EASTERV ILLINOIS RK CO.. AND ADJUSTMENTS THEREIN,
JUNE 30TH, 1902, TO JUNE 30TH, 1903.
St.
L.
RR.
Ckkpit—
<e
S. F.
S
Balance at lune 30, 1902
O.
g.
tC
MR.
Si/siem.
St. L. <e S. F.
1.
Total.
Co.
S
'R
3,269.402 38 1,701,071 76 4,970,534 14
veareudedJuneGO,
1903. per Income Accounts 634,975 03
Bun'"!"'' for
Amount refuuded
Viy
341,154 09
976,129 12
United
States latf rnal Revenue Departiu'nt, for revenue stamps
erroueouslv used ou Voting
Trust Certificates
Adjusimeut
7,918 80
7,918 80
83,955 38
83,955 38
ot Slnkiufc Fund
Acoouuts, belui; balance of
amounts previously obarged
to Income Account
Miscell. Accounts closed outTotal < redlt
!j«21b.463 86
8,78189
Total Debit
207,681 97
207,681 97
Liquidating Dividend on .^48
snares Pelrce ( ity Real
Estate Co. Stock, over and
above book value of said stk.
Balance of proceeds of sale of
$7,500 in Baxter, Kansas.
!>% Bonds, over book value..
Amount received from CliioaKO
* Western Indiana RB. Co.
& W.
I.
Instalment from Suspense Account on acconnt of differen' e between the cost of Underlyinit Bonds refunded and
the proceeas of the Refunding Konds sold, and the oommlsBlon paid therefor, as authorized by the Board
Emrravinir. Recording and Certifying Bonds ard Stock issued during the tisoal year,
and Legal Services in connection therewith
Taxes for the year 1902 on
lands iu New Mexico and
Arizona
Amount advanced Crescent
Hotel Co. to reoonstr'ct hotel.
Total Debit
6,757 29
RR. Co
E.
<£
RR.
$
I.
Co.
Total.
250,000 00
250,000 00
32,624 81
32,624 81
8,821 85
8,821 85
12,314 49
12,314 49
303,76115
303,76115
6,757 29
551,246 50
581,246 50
120,000 00
120,000 00
4,212,987 54 2,713,472 35 6,926,459 89
4,212,987 54 2.713,472 35 6,926,459 89
Total Credit
0.
3,909,226 39 2,713,472 35 6,622,698 74
Balance
for extlDguisUment of special
SrivlleKe nnder its lease
ated Oct. 24tli, 1879
ADiount received from BeltRy.
Co. of fhicajro Tor release of
lease" of the Belt Ry. Co. and
C.
2,236 69
2,236 69
Debit—
RR. Sy$tem.
$
BaVoe at C^edl^ June 30, 1903..3,909,226 39 2,713,472 35 6.622,698 74
DENVER
<&
SOUTHWESTERN RAILWAY COMPANY.
PLAN FOR REORGANIZATION.
New York,
October 20th, 1903.
To the Holder* of the General Mortgage Bonds of the Denvtr
& Southwestern Railway Company:
Gentlemen This company was organized December Ist,
—
1899.
The capital stock is $5,000,000—82,000,000 preferred
and $3,000,000 common. General mortgage 5 per cent bond
issue of $T. 500,000.
The followicg stock and bonds were pledged to secure the
payment of sai bond issue:
All the capital stock of the La Bella Mill, Water & Power
i
Co.,
par
All the bonds of the La Bella Mill, Water & Power Co., par..
All the capital stock of the Colorado Trading & Transfer Co.,
par
$250,000
250,000
200,0C0
All the capital stock of the Midland Terminal Railway Co.
(eul)ject to the lirst mortgage bonds of that company now
outstanding, $480,000), par
1,000,000
All the capital stock of the Florence & Cripple Creek RR.
Co., p^r.
1,000,000
All the bonds of the Florence & Cripple Creek RR. Co., par.. 1,000,000
All the capital stock of the Golden Circle RR. Co., par
175,000
All the bonds of the Golden Circle RR. Co., par
175,0»0
All the capital stock of the Canon City & Cripple Creek RR.
Co.. par.
175,000
All the bonds of the Canon City & Cripple Creek RR. Co., par 175,000
Three-quarters of the capital stock of the Metallic Extraction Co.. par
375,000
The capital stock of the Metallic Extraction Company
above referred to has been exchanged for $225,000 lar value
of the first mortgage bonds of the United States Reduction &
Refining Company. There has been no other change in the
securities pledged to serure this bond issue.
For the
of the existence of the company it
paid the interest on its bonded debt, requirements of tbe
sinking fund and dividends of 5 per cent on the preferred
and 6 per cent on the common stock. Since that time the
earnings have become materially reduced, due principally to
the building of a competing railway line from Colorado Springs
to Cripple Creek, resulting in a division of the business of
the territory served by the Denver
Southwestern lines, in
addition to very material reductions in freight and passen
first
two years
&
ger rates.
A complete prostration of the business of the company has
existed since August Ist, 1903, due to a general strike of tbe
miners in the Cripple Creek Mining District, and the indications are that this strike will not be terminated prior to Dec
ember 1st, 1903. It has become evident to all the large holders of the general mortgage bonds of the company that it
will be unable to pay interest coupon maturing December
Ist, 1903, on these bonds, and that unless some plan of readjustment of the company's outstanding obligations is speedily
adopted, foreclosure proceedings under the gen^-ral mortgage must be faced, resulting in great expense, legal complications and teneral loss to the bondholders. To avoid, if
possible, these undesirable proceedings, the undersigned
committee, representing nearly all the larfje holders of the
general mortgage bonds of the Denver & Southwestern Railway Company, has investigated its affairs, and submits the
following statement of the present financial condition and
plan for the reorgnnization of the company.
the Board of Directors for the advancement of these amounts.
A small portion of these amounts has been repaid, but on
this date there is outstanding on account of these advancements the sitm of approximately
$244,715
The instalment of sinking fund due June Ist, 1903, is overand
unpaid,
approximately
due
47,500
On December ist, 1903, tliere will be due, in addition to the
above, interest on general mortgage bonds
123,075
Semi-annual instalment of sinki> g fund
47,500
Total obligation of the company on Deo. 1, 1903, approx.f462,790
In addition to the above, the underlying companies will, on
Dec. Ist, 1903, have current liabilities in excess of current
assets, including taxes, interest and operating expenses, approximately, $150,000.
The company has no assets with which to meet these obligations other than the securities pledged with the trustee to
secure its general mortgage bonds.
Net earnings of the company, applicable to interest and
sir king fund requirements for the year ending Nov. 30tb,
1902, were $142,333 52; for the eight months ending July 31st,
1903, $143,665 31.
The present labor troubles in Cripple Creek will undoubtedly result in loss from operation tor the period from July
31st, 1903, to Nov. 30th, 1903, so that the net earnings for the
year ending November 30th, 1903, will not exceed the amount
for the eight months ending July 31st, 1903. Had it not been
for the labor troubles above referred to, it is estimated that
these earnings for the year ending November 30th, 1903,
would have been approximately $215, Oi 0.
The earnings for the period ending November
cannot be considered
ia
fair estimate of the
30th, 1902,
average earnings
of the company, for the reason that a disastrous rate war
existed during a large portion of that period; |200,000 per
annum seems to be a conservative estimate for the net earnings of the company applicable to interest, and this seems to
be all that can be safely counted upon in the near future.
In view of the above financial danger threatening the
company, and to conserve the security of the general mortgage bonds, the committee has prepared, and herewith presents for your consideration, the following
:
PLAN FOR REORGANIZATION OF THE COMPANY.
All holders of the company's general mortgage 5 per
cent bonds dated December Ist, 1899, to deposit their bonds,
with all unpaid coupons attached, including coupon due December Ist, 1903, on or before November 14tD, 19"3, with
either the Continental Trust Company, New York, the State
Street Trust Company, Boston, Mass., or the Toronto Safe
Deposit & Agency Company, Toronto, Canada (the said companies being appointed depositaries for the purpose), receiving for the bonds so deposited negotiable reorganization receipts or ceriificates of deposit from such depositaries. The
bondholders depositing their bonds as above provided by
such deposit assent to this plan and each provision thereof,
and thereby confer upon the comt^ittee, or a majority of
them and their successors, all the powers hereinafter specified, and such other and further powers in respect to the said
deposited bonds as may be necessary or desirable to enable
the committee to carry out the said plan and effectuate the
1.
PRESENT FINANCIAL CONDITION OF THE COMPANY.
purpose thereof.
The company being unable to meet coupons due December
2. The general mortgage bonds of this company
1st, 1902, and June 1st, 1903, arrangements were made by
celed and the mortgage released and discharged.
to be can-
5
Oct.
THE
31, 1903.J
CPIRONICLE.
to have the power to provide for the
and maturing obligations of the subsidiary
companies by arranging for tlie pledge or mortgage of the
equipment of the Florence & Cripple Creek Railroad Company, and to arrange for the securing of advances made to
pay overdue taxes in any manner within the power of the
3.
;
The committee
floating debt
bondholders. Attention is called to the fact that the equip
ment of the Florence & Cripple Creek Railway Company has
all been acquired since the issuance of the Denver & Soutlv
western Railway Company's general mortgage bonds,
4. The company to execute upon all of the assets of the
company of every kind or nature whatsoever, including the
equity in the above-mentioned equipment, a general mort
gage to secure $3,000,000 ot its bonds dated December 1st,
1903, due thirty years after date, bearing interest for the
Srst year at the rate of 3 per cent per annum, payable December 1st, 1904; thereafter at the rate of i per cent per annum, payable semiannually.
The mortgage securing these bonds to provide for a sink
ing fund of $3."), 000 per annum, to be applied to the purchase
and cancellation of these bonds, payable on December Ist
each year, beginning December 1st, 1904, said sinking fund
to be cumulating to and including the instalment due December 1st, I9i S, but to be paid only if and as earned during
said period; after December 1st, 1908, to be compulsory, and
the bondholders to have right of foreclosiire as to all instal
ments accruing after December 1, 1908.
5. The company to execute upon the same security a second mortgage to secure |2,4'25.000 of its cumulative income
bonds dated December Ist, 1903, due thirty years after date,
bearing interest at the rate of 5 per cent per annum, if
earned, this second mortgage to have no right of foreclosure
1543
$90,000, an increase of $30,000 per annum, making the entire
fixed charges after the expiration of one year $172,750, with
constantly decreasing annual interest charges by extinguishment of debts of the company by operation of the various
sinking funds. After December Ist, 1908, there is the additional annual charge of $25,000 on account of sinking fund
provided for in tie G-eneral Mortgane,
All surplus earnings of the company to be paid to the
holders of the income bonds, as provided in paragraph five
of this plan, until all charg- s theieon are fully satisfied.
12. Provision to be made for the issuance of scrip for fractional part^ of bonds redeemable, when presented in requisite amounts, in full bonds.
13. Charles F. Ayer, of Boston, Mass.; Arthur H, Day, of
Haven, Conn.; R, E F. Flinsch,
Day,
Kimberly, Root
York City; C. E. A. Goldman, of
Co.,
of Kessler
Co., Toronto, C nada, and Montgomery
Amelius Jarvis
Rollins, of Boston, Mass.,oramaj rity of them and their
they are given power to appoint, are to act
successors,
as a committee to carry this plan into effect, with all the
&
&
New
New
&
whom
rights and powers necessary or desirable to that end, including the right and power to contract with the company and
the bondholders, or any of them with respect to bonds or
the sale or surrender thereof, and the right and power to
dispose of or hypothecate the securities and property belonging to the company and the Bonds of the company, placed
in their hands for that purpose, subject to the terms hereof,
as they in their discretion may see fit, and generally to do all
that may be nece.>-sary or desirable in order to carry this plan
Any member of the committee
into operation and effect.
y resign, and in case of any vacancy or vacancies, the remaining members of the committee may exercise all the
for failure to pay interest.
rights and powers of the whole committee, and in their dismajority of the holders of these bonds to have the right cretion fill such vacancy or vacancies by their own selection.
to name a majority of the Board of Directors of the company The committee shall have power to determine what proporas a condition precedent to this plan becoming effective, and tion of the outstanding securities must assent hereto by bethereafter to have preponderance of voting power at the ing deposited as herein provided to make this plan operative,
next annual meeting of the company in February, 1904, and at and to t^ke whatever action they may deem advisable to
all subsequent meetings until all interest due on the bonds is carry out the plan, and in case the committee decide it is
paid, and thereafter at anj" time there may be a default in not afivisable, by reason of la k of assent or otherwise, to
the payment of any of the said interest instalments.
carry the plan it, to effect, the committee shall declare this
6. The stockholders of the Denver & Southwestern Railplan abandoned; and if such declaration shall be made after
way Company to hold me*- tings and approve, ratify and con- the deposit of any bonds, such bonds shall be delivered and
firm the execution of said mortgages and bonds and all the transferred to the several depositors or their assign, upon
provisions thereof; and take such other and further action as surrender of th ir respective reorganization receipts or certhe committee may deem necessary and expedient to make tificates of deposit. The committee shall have the power
the plan effective and best protect the present bondholders of from time to time, if it shall see fit, to extend the time
within which deposits of bonds may be made with the dethe company,
7. The debt of the Denver
Southwestern Railway Co. is positaries herein designated. No member of the committee
as follows:
shall be liable for the acts of any other member of the comGeneral mortgage bond8
$4,923,000 mittee, and neither the committee ror any member thereof
Advancements made to company, approximate
244,715 shall be liable, except for fraudulent conduct or gross
Total
$5,167,715 neglect.
Deduct bonds In the sinking fund
printed copy of this plan, signed by the committee,
14.
344,000
shall be deposited with the Continental Trust Company, and
Outstanding obligations, approximate
$4,823,71
duplicates thereof with the stiite Street Trust Company and
The plan is to cancel the above $344,000 in the sinking fund the Toronto Safe Deposit
Agency Company, and such
and issue to the holders of the above *4,823.7i5 of obliga- printed copies so signed shall constitute the original plan of
tions 60 per cent of their holdings, viz., $2,895,000, in ihe reorganization
general mortgage bonds of the company, and f^O per cent of
5. The committee, realizing that no plan can be successtheir holdings, viz., $3,413,000, in the second mortgage bonds
fully carried out which does not provide for the payment of
of the company.
the floating debt and all maturi g obligations of the sub8. This w. .uld leave in the hands of the committee $105,000
sidiary companies (including taxes, and interest and sinkgeneral mortgage bot ds and $i 3,000 second mortgage income ing fund, payment on Midland Terminal Railway
Company
bonds, these bonds to be used by the committee, in its dis- bonds due Dec. 1, 1903, and prior to the general
mortgage
cretion, for the purposes of the plan, upon the distinct bonds of this company on that property),
amounting in the
understanding that any of the above bonds remaining in aggregate to approximately $150.0''0, has made arrangements
their hnnds unused are to be delivered to the respective for meeting these maturing obligati ns,
provided this plan
trustees for cancellation, or be held by the respective
is promptly accepted by the bondholders.
Prompt action is
trustees for the future use of the company, with proper necessary to prevent sa e of the
company's properties for
safeguards of the interests of the bondholders, as may seem taxes during November and default of interest
and sinking
most expedient to the committee.
fund payment on Midland Terminal Railway Company
9. The above plan results in the
following outstanding bonds December i, 1903.
obligations of the company:
The attention of the bondholders is called to the fact that
Five per cent Midland Terminal Ry. Co bonds outstanding. $480,000 the reorganization committee does not ask any contributions
Four per cent Gen. Mortgage Denver & Southwestern By.
from the bondholders of cash for the purpose of SHtisfying
Co.bonds
3,000,000
obligations of the company or the underlying companies
Five rer cent Second Mortgage Denver & Southwestern Ry.
Oo. income bonds
2,425,000 also to ttie fact that since December st, 8^9, the date of the
Five per cent Midland Terminal Ry. Equipment Notes
32,000 present outstanding mortgage of the company, there has
Five per cent Florence & Cripple Creek RR. Equlp't Notes,
approximately
115.000 been spent by the cmpany for equipment, betterments and
improvements (exclusive of the Florence
Cripple Creek
Total
$6,032,000 equipment, valued at $330,000) approximately $315,00 '. This
10. The fixed charges of the company for the first year plan does not contemplate imp-airing in any way the present
under this plan are as follows:
security of the bondholders, and does not reduce the amount
Interest on ^480,0(
Midland Terminal Ry. bonds at 5 p. o.
$24,000 of the claim held by them against the company; the purSinking Fund -fidlanrt Terminal Ry Co, approximately...
11,000
pose is simply to adjust the same in such a manner as to best
Interest on $3,000,000 Gen. Mortgage 4 p^r cent Denver &
South-western Ry. C'v, first year at 3 per cf-nt.. ..
90 000 conserve the property and protect the interest of the bondiDterest on $1 15,000 F. & C. C. Equipment Notes, at 5 p. c,
holders, and the committee confidently believe that the above
approximately.
5 750 plan, if acquiesced in by the bondholders, will result to
their
Sinking Fund F. & C, C. Equipment Notes
12 000
best interests, and that the company can successfully operate
Total
$142,750 under this plan and meet the fixed harges herein created.
The facts and figures herein set forth have been furnished
Note.—The principal and interest payments on Midland
Terminal Equipment have heretofore been charged to op- by competent authority, and whereas we cannot guarantee
erating expense, and accordingly need not be considered their accuracy, we have e* ery reason to believe them correct.
The committee will act without compensation if the plan
here, having been considered oper-ting expenses in making
is speedily adopted before foreclosure proceedings are inestimate of probable net earnings of the company.
It is deemed -tdvisable to reduce the fixed charges for the stituted and under way.
first year in order that the company may fully recover its
Respectfully,
business after the termination of the present lab )r difficulCharles F. Ayeb,
C E. A. Goldman,
ties.
After the expiration of the first ye^rthe interest on
Montgomery Rollins,
Arthur H. Day,
the general mortgage 4 per cent bonds is $120,000 instead of
R. E. F. Flinsch,
Vommittee.
m
A
&
A
&
&
'
THE CHRONICLE.
1544
[Vol. LxxTii.
THE CHICAGO & ALTON RAILWAY COMPANY.
ANNUAL
THIRD
To
Stcckhol iers
the
of The
THE
REPORT— FOR
Chicago
A
Railway
Alton
Compaty:
The Board of Directors submit herewith the third annu al
report of operations for the year eudina: June 30, 1903.
The mileage operated during the year was as l^llows;
,
—
of
Jtf I'l'j
main
anii
—
t>rancli Hii:i
Ailditiomtl
Milex of Length of
First
ina\ii trick, m-iintruck. Sidf track, all trachs
53-33
SpriDjffleM. 111., to Orove, 111
Chlcajfo, 111., to E St. Lonis. I11..279-95
Coal City Ltue-Jollet. 111., to
lJO-06
6413
10-80
170-34
560-35
760
32-39
7-54
64-33
88 04
315-50
180 66
-il-T'J
Mazouia. Ill
Dwlght, 111., to Washlugtou and
SO-50
Laoon, 111
Koodhouse, l!l..to Kan. City, Mo.25 1-17
Bloomlnglon, 111., to Godfrey, 111.150 €0
7 60
Godfrey, m.. to Warni. Ill
Mexico, Mo., to Cedar City. Mo.. 5010
3006
102
8-62
52-88
2-78
898-04
TRACKAliK—
Grove, 111, to Peoria, 111... 518
Wash'n. 111., to Peoria, 111 .11-50
Bridge Jet. to Union Depot,
Kansas
City,
Mo
-69
17-37
17-37
11006
915-41
294-47
1,31994
In addition to the above, the line between Wann and East
St. Louis, 17-85 miles, is operated jointly with the Cleveland
St. Louis Railway Company as a doubleCincinnati Chicago
track, each company owning and maintaining one track.
&
This makes the actual second-track mileage in operation
127-91 miles.
The loop lines
made by the Coal City Branch and Alton
cutoff and San Jose-Sherman line make, for operating pur
poses, the equivalent of H5"3 miles more of double track, or a
total of 213-2 miles.
Tt e results for the year
ending June
30, 1903,
are as
YEAR
cent.
The number of tons moved one mile was 1,102,792,462; an
increase of 200,047,022 tons, or 22-16 per cent. The tons
moved one mile per mile of road were 1,204,698.
The revenue per ton decreased from $1 24 to $1 12, and the
revenue per ton per mile decreased from 0-679 cents to 0-599
cents.
The average haul was
Netreceipts from operation
Income from investments
Dividends recei v* d on stockp owned
Interest received on bonds owned ...
Miscellaneous income
$1,525,622 00
240,000 00
4,448 61
$2,996,588 23
For rentals of leased lines
etc.,
under lease.
-
.
.$3,344,251 27
Interest on first lien bonds, $22,000,000
$770,00000
at3»2peroent
or 1-94 per cent.
The revenue per passenger per mile increased from
—
.
The passenger business is largely local, 91 per cent originating on the line.
The only decreases in connection with the passenger
traffic are in revenue per passenger and iu average haul,
caused by an increase in excursion traffic.
MAIL.
J
of $139 39.
.
4,364,926 78
2. 1903, 2 percent
1903, 2 per cent
January
1,
$851,040 40
$390,880 00
390,880 00
781,760 00
$69,280 40
500,158 03
Balance, surplus for the fiscal year..
Balance brought over June 30, 1902
$569,438 43
Surplus June 30, 1903
of the twelve months covering the third
year of the Railway Company compared with the
operations of the previous year, are as follows
Per
Tear Ending-
The operations
fiscal
:
.
Qrott ReceipU—
Freight
Passenger
Mall
Express
MlsceUaneous
Total
*
jMne20,1902. ,/Mne 30, 1903. Increase. Cent.
$
$
$
6,127,504 58 6,610,637 21 483,132 63 7-88
2,908,S83 40 330.115 16 12-80
2,.'^78,468 24
•06
*139 39
241,11194
241,251 33
19,731 48 9 95
218,039 43
198,307 95
12.513 09 15-60
92,720 23
80,207 14
9,225,739 24 10,071,092 21
845,352 97
9-16
Decrease.
FKEIGHT TRAFFIC.
The gross receipts amounted to $6,610,637 21, an increase
of $483.1:^2 63. or 7*88 per cent, being the result of a gain of
$1,360,456 23 in increased tonnage and a loss of |877,323 60
due to decreased rate; the increase is made up principally in
the following items:
$64,839 86 or 6-50 per cent.
Ajilmals and animal products
"
167,798 10 '* 11-29
Coal and otheriuine products
"
176,675 39 " 19-73
Iron, steel and other manuXactures
"
47-31
311.605 62
"
Grain
"
6-40
8,565 22
pioduots
Other
mm
Against this we have decreases in
$29,700 84 or 7*56 per
Lumber and other forest prolucts
Other commodities
this source
;
passenger train mile, 8-4 cents.
EXPRESS.
^
The
receipts
amounted
an increase of $19,were $238 19; per passenger
to $218,039 43,
731 48. Per mile of road they
train mile, 7*6 cents.
MISCELLANEOUS
1899
1900
29,728 00
123,943 06
Surplus available for dividends ..:
Less dividends paid on preferred stock:
July
from
were |24l,lll 94, a decrease
Per mile of road the receipts were $263 39 per
receipts
97,004 45
Total charges
$0*0186
to $0-0 98, or 6-45 per cent.
Interest on 4 per cent collateral trast
notes— outstanding -.
Discount on 4 per cent collateral trust
notes-sold
Interest on loans and open aoooants.
in-
The receipts from miscellaneous sources were $92,720 23,
an increase of $12,513 09 over the previous year.
The development of the traffic since the property was a,cquired by its present owners is best illustrated by the following statement
2,663 04
345,00000
Other expenses
Taxes
being an
to $2,9i 8,583 40,
crease of $330,115 16. or 12-80 per cent, arising from a gain
in bnsiness of $153,007 25, and a gain of $177,107 91, due to
an increase in average rate obtained.
The number of passengers carried was 3,879,374, an increase of 383,469. or 15 36 per cent.
The number of passengers moved one mile was 146,853,521,
an increase of 8,261, ()84, or 5-96 per cent. The number of
passengers moved one mile per mile of road was 160,424.
The revenue per passenger decreased from $1-03 to $1-01
$5,215,967 18
Total income
Total rentals,
amounted
total receipts
$3,445,896 57
Chabges—
187-61 miles.
PASSENGER TRAFFIC.
The
The
$10,071,092 21
6,625,195 64
1908.
30,
The gross freight earnings increased 788 per cent, while
the ton mileage increased 23-16 per cent, the increased tonnage being mainly in the low-class freight.
The number of tons of revenue freight carried during the
year was 5,877,995, an increase of 955,604 tons, or 19-41 per
fol-
lows:
OrosB receipts from operation
Operating expenses (not Including taxes)
JUNE
ENDING
203,472 82 " 15-56
1901
1902
1903
Oro$s
Keeeipts per
Passengers,
recetvtr.
$6,.'546.590 45
mUe of road.
one mile.
7.796,449
9,036,655
9,225,739
10,071,092
$7,765 83
9,118 65
76
65
24
21
cent.
30
10,031 90
1.18,591.837
11,00173
146,853,521
The gross tonnage during the year increased 15-23 per
cent, the ton-mileage 20-31 per cent and the freight-train
mileage 7-05 per cent. The tons of revenue freight per
train mile were 360-55 tons, an increase of 14-11 per cent
over the previous year. 'In the face of a falling off of 11-78
per cent in the receipts per ton per mile the earnings per
freight-train mile increased 0-93 per cent. The total tons of
all freight were 387 25 per train mile, as compared with
lt:6-80 in 1898,
The percentage of empty-car mileage (caboose mileage excluded) was increased from 28-93 per cent in 1902 to 30-81
per cent this year.
The percentage of foreign-car mileage was increased from
44-35 per cent to 49-79 per cent.
The increase in the capacity of the freight car equipment
has raised the average tonnage per loaded car from 17-65
tons last year to 18 99 tons this year.
EXPENSES.
Tear EndinfiPer
June 30, 1902. June 30, 1903. Increase. Genl.
Maintenance of way
$
959,330 73 1,213,364 71 254,033 98 26-48
and structures
Maintenauceofequlp't.1,042,078 41 1,190,832 17 148,753 76 14-27
Conducting transpor3,797,475 29 3,983,067 62 1P5,592 33 4-89
tation
General expenses
Total...?.
225,034 92
237,931 14
12,896 22
5-73
6,023,919 35
6,625,195 64
601,276 29
9 98
MAINTENANCE OF WAY AND STRUCTURES.
The total expenditures on this account were $1,213,364 71,
an increase of $254,033 98, or 26*49 per cent over the previous
year; the expense per mile of road was $1,325 49.
The principal items of increase were:
Frogs and switches
Repairs -roadbed and track.
"
10.5,873,965
120,360,469
132,887,965
9,8'i6
Tom,
one iniile.
519.191,291
629,994.662
823,069,718
902,745,440
1,102,792,462
Renewal
Ballast
of ties
$26,286 11
98,937 14
83,498 55
17,875 27
OoT.
THE CHRONICLE.
31. 1903. J
It will be of interest to
note that during the last four years
Tie renewals In main track cover 50 60 per cent of tbe mileage"
rro<B
Switches
Rl'13
18 93
64'02
'
Kail
Ballast
Joints
'
"
'
"
'•
"
•
!>6
38
*
'•
"
7874
This will give some idea of the work that lias been done
this property und?r the present management.
Two tnousand four hundred and sixty-six tons of now ra'l
and 135 tons of re-laving rail were placed in the track, making a total of 30-7 miles of track re-laid during the year. In
connection with this work 7.3:i7 pairs of new splices were
used; 206,305 cross ties were placed in the main track, equal
to 7;V2S miles, or 721 per cent of the total main track; 35,036 ties were used in sidings: 6^ new switches and 59 new
frogs were used to replace old; 62 new switch stands were
erected: 1,607 hneal feet of bridge flooring was renewed;
1545
material have been moved, the cost of moving all of which
has been charged to "Operating Expenses." This work has
naturally increased the cost of "Conducting Transportation"
in the past and previous years.
The taxes paid and charged against the year's operations
amounted to $345,000, or $376 88 per mile of road. The taxes
were 3-42 per cent of the gross earnings and 11-13 per cent of
the net earnings.
on
new
truss bridges and 1,138 feet of plate-girder
734 feet of
bridges erected; 5 new stations were btiilt and 133 repaired.
At the date of this report the rail in the main track was
as follows:
mie*.
595 06
80-pound
5731
75 "
303-33
70 '•
50-HO
«0 "
•
60
2-10
••
1.008-10
ballast consists of 522 02 miles of stone. 189-80 miles
of gravel. 97-6'^ miles of cinders, 13-t-48 miles of slag; total,
933-95: while 64-15 miles of branch line are not ballasted.
The
MAINTENANCE OF EQUIPMENT.
The total expenditures on this account were $1,190,833 17'
or fl,300 87 per mile of road and 20-07 cents per train mile,
being an increase over the pi-evious year of $14S,75o 76, or
14-37 per cent.
Tlie increase in maintenance of equipment is largely in
the following items
:
Repairs locomotives
ir-i,-'
Shop
-.
Ireiahr oars
fuel and other expenses
The mileage was as follows
:
7,938,443 or 6-24 per cent increase.
'
13,946,272 or 5 17
"
"
&7,018,352 or 16-:i4 "
I^oomotdve
Passenger car
Freight oar
Two hundred and
8-00 per cent.
36*07 "
"
45-38 "
sixty-one locomotives received general
repairs, the average repairs per locomotive
being $3,758
The average mileage per engine was: passenger,
37.
60,>-83;
Full detads of locomotive performance are
freight, 37,033.
given in Table 9 in pamphlet report.
Two hundred and fifty-two passenger equipment cars received light and 133 heavy repairs. The average cost of
repairs
was
$'<23 96
per car.
Thirteen tbousand five hundred and thirty-nine freight
cars received light and 5,615 heavy repairs. The average
cost of repairs was §13 40 per car for the entire equipment.
There have been added to the equipment 11 locomotives of
a total tractive power of 470 697 pounds; 2 locomotives have
been broken up and 2 sold, making a net addition of 7 locomotives to the equipment, of these 10 were chai-ged to construction account and 1 to operatiog expenses.
One new dining car was purchased and its cost charged to
operating expenses
There were purchased and added to the freight equipment
300 50-ton coal cars, i75 40-ton gondola cars and 75 40-ton flat
Of these, the 300 coal cars were purchased on car trust
cars.
plan, through the Chicago & Alton Equipment Association,
and the remainder was purchased through the Equitable
Trust Comrany of New York on joint car trust with the
Mobile & Ohio Railroad Company, for use in the Southern
lumber trade. Twenty refrigerator cars were purchased and
their cost charged to operating expense^.
Of service cars there were built in the company's shops 7
cabooses and theie was purchased one 60-ton crane; the cost
of this equipment being charged to operating expenses.
Between June, 189 J, and June, 1903, the total tractive
power of the locomotives in service has been increased from
2,874,520 pounds to 5,181.738 pounds, or 80-27 per cent.
The total capacity of the freight equipment in service has
been increased from 131,890 tons to 309,180 tons, or 134*4'
per cent. The average capa ity per car has been increased
within this period from 21 -52 tons to 31 "53 tons.
CONDITCTINO TRANSPORTATION.
The expenditures on this account were $3,983,067
63, or
$4,B51 13 per mile of road; 67*13 cents per train mile; an increase of S 85,59 i 33, or 4 89 per cent over the previous year.
The increase in c )nducting transportation is in the follow-
ing items prmcipally:
Fuel for locomotives
Switchmen, flagmen and watchmen
Train supplies
Station service and labor
Freight car mileage
Outside agencies
Advertising.
18-91 percent.
"
27-15
"
1718
"
9-19
"
I...52-42
"
5-47
"
602
There were 802,194 tons of company freight moved during
the year against which no charge was made to cover the expense of movement. Since 1898, 2,824,545 tons of company
'
IMPROVEMENTS.
new improvements in grades or alignment were
The work of readjusting the alignment of curves,
introducing easement curves, has heen continued, and some
No
large
made.
have been made in grade in connection with
econstruction of bridges.
Additional side and yard tracks, 24-45 miles, have been
built also 5*45 miles of industry tracks. Of the latter, 3*1
miles were constructed for the accommodation of entirely
new industries, including four coal mines, four factories,
four elevators, two stone quarries and one very large power
station of the Metropolitan Traction Company in Kansas
slight changes
the
I
;
City.
Forty-live bridges, of a total length of 3,370 feet, most of
trestles, were replaced by 1,675 lineal
feet of steel spans on concrete masonry, 250 feet of creosoted
trestle with solid ballast floor, two concrete arch culverts
and 14 cast-iron pipe culverts.
Because of increased traffic it became necessary to furnish
additional yard facilities at or near Bloomington. As the
price of propei'ty in Bloomington prohibited the construction of additional tracks there, a large supplementary yard
was constructed at Normal, 3 miles north of Bloomington
with capacity of 660 cars, where it may be necessary to locate the main shops of this compan}-.
A new ten stall engine house was constructed at Venice,
and the engine houses at Kansas City and Brighton Park
were extended t care for larger locomotives. The former
outbound treight house at Chicago was enlarged, and is now
used as an inbound house, and the former inbound as an
outbound house.
Thrte combined passenger and freight stations were constructed at Vandalia, Jerseyville and Washburn, a new
passenger station was constructed at Pontiac, and the Pontiac fieight stati'n enlarged. New ice houses were built at
Springfield and Dwight. and extensive changes were made
in the ice houses at Roodhouse to facilitate the icing of refrigerator cars.
Thirty hi:: h semaphore signals were erected at switches,
making in all two hundred and two switches so equipped.
Five interlocking plants were constructed, making a total
of thirty.
Two train order signals were erected, making a total of
which were wooden
>
eighty-five.
Two hundred and twenty-three electric block signals,
covering 291 miles of single main track, have been iDst^lled,
making in all to date three hundred and thirty electric
blook signals, covering 3?5 miles of single main track.
One hundred and two derails operating through pipe line
from main track switches have been installed at passing
One new oaling station has been constructed at
sidings.
Brighton Park. It is equipped with conveying machinery
for handling coal and sand, and with weighing device similar to the eleven stations previously constructed.
A contract has been awarded for a similar station to be erected at
Varna.
Two new water tanks have been erected, one at Lawndale,
and one at Godfrey. Five water columns have been erected
at Brighton Park, Lawndale, Odessa and Godfrey.
The
source of water supply for Joliet and Sag Bridge has been
changed, so that at each of these places, where the water was
formerli? very bad, good water has been obtained.
New
pumping machinery with gas engines has been installed at
Louisiana and Lawndale, thus decreasing the cost of attendance for pumping water. The construction of a new reservoir for a water station south of Jacksonville is under way,
and when completed soft water will be obtained, taking the
place of very bad water now used at Jacksouvilie.
Traffic was interrupted by the freshets at Kansas City
from May 31st to June 12th; on the Western Division just
west of the crossing of the Missouri River, from June 3rd to
June 16th; at the crossing of the Mississippi River from June
6th to June 7th, and between Granite City and East St.
Louis, June 7ih to June 20th. The loss in revenue alone
duiing that month, owing to the interruption of traflBc,
amounted to over $100,000. At the date of this report the damage has been largely repaired. Tbe expense of operation
has been largely increased by the excessive cost of material,
and the general advance in wages throughout the country,
as well as by the heavy expenditures on account of maintenance in excess of the normal requirements.
Referring to possible requirements in the future for further improvements, your attention is callrd to the fact that
by the terms of its refunding nnortgage of October 1st, 1899,
the Chicago & Alton Railroad Company, leased by your
company, is empowered to issue retundiog bonds to an
amount of $5,000,000 in excess f the present total authorized
issue of $40,00O,OijO, for the purpose ot providing funds for
future requirements for betterments made, undertaken or
contracted for after January 1st, 1900.
In order that your company might enjoy the terminal
facilities afforded at St. Louis on a footing ot equality with
1
<
THE CHRONICLE.
1546
if was deemed advisable for your
to become a member of The Terminal Railroad
Associ-ition, and a' cordingly. by an agreement of date Dec.
16th. 1903, the Chicago
Alton Raihvay Company was admitted as a member and became the owner of oue-foiirteenth
of the capital stock of the Terminal Company.
The Board
other proprietary lines,
tlie
company
[Vol. Lxxvii.
desires to acknowledge the efficient work of the
and employees of the company during the past year.
Respectfully submitted by order of the Board,
officers
&
S.
M.
FELTON,
Pre>-ident.
THE CHICAGO & ALTON RAILWAY COMPANY-ASSETS AND LIABILITIES JUNE
TABLE
30,
1903.
1.
Capital Assets—
Capital Liabilities—
Common stock
Cost of railway, equipment, appurteDancea and seour$65,230,517 18
Itlee
$19,542,800 00
Preferred stock
19.544,000 00
First lien 31^% bonds, due July 1, 1950
22,000,000 00
4% collateral trust notes due July 1, 1907:
Authorized issue
$5,000,0^0 00
Less unsold
1,365,000 00
3,635.000 00
$65,230 517 18
$64,721,800 00
~
Current Assets—
Agents and conductors
Cash
Individuals and ponipanles
U !J. Government transportation
Material, fuel and suppUes
Current Liabilities—
$476,442 04
9"2>-4r)73
701,188 92
76,311 7'2
335 008 80
Bonds* owned (C'8t»
Balani'fof advances for bet ferments and lmi>rovements
to the projieiTy of the Chieatco & Alton Railroad Co.
after deducting proceeds, from sale of bon^s. property and otUer assets under lease, properly applicable
thereto
2,328,800 00
Loans and
bills
payable
00
35
00
00
»9.t 00
390,880 00
$2,510,000
114,545
2.365
457,700
Trattlo balances
Coupons maiured but not presented
Interest on bonds due July 1, 1903
Dividends due and unpaid
Dividends payable July 1, 1903
Interest and dividends accrued to June
notdue
Vouchers and pay-rolls
30, 1903, but
267.095 85
1,307,894 88
616,671 92
$5,507,269 13
$5,051,476 08
Deferred Liabilities—
Unadjusted accounts
—
Contingent Assets
Unadjusted accounts
$231,850 21
Contingent Liabilities—
Renewal and replacement funds
Material and suppUes under provisions
April
1,
$11,674 50
,
$8,648 30
of lease of
1900
606,599 21
$231,850 21
$615.247 51
Total Liabilitiesprofit and loss (Table
Balance to
$70,969,636
Total assets
$70,400,198 09
569,438 43
3)
Total liabilities
.'2
$70,969.6H6 52
THE CHICAGO & ALTON RAILWAY COMPANY—INCOME ACCOONT FOR THE YEAR ENDING JUNE
TABLE
$6,^2.^,195 64
Operating expenses
345,000 00
Taxes
Other expenses
Rentals payable under lease of April 3, 1900, as dotal ed in TaM 4 in pamphlet
Interest on Ixans and open accounts
One year's interest on tirst lien 3^2 per cent bonds
One year's interest on 4 i er cent collateral trust notes,
outstanrting
year's proportion of dif count on 4 percent collat-
$6,970,195 64
2,6t3 04
—
—
,
30, 1903.
2.
Gross transportation receipts
Other receipts
Dividends on stocks owned....
Interest on bonds owned
$10,071,092
4,448
1,525,622
240,000
21
61
00
00
2,996,588 23
123.9<3 06
770,000 00
97,004 45
One
.eral trust notes sdd.
Dlvidend.s on \>rt ferred stock,
T»o
Two
Balance
viz.:
percentpaidJanuHfy 2, 903
percent paval)le July 1. 1903
to profit and loss (Table 3)
29,728 00
390,88'>
00
390,880 00
69,280 40
$11,841,162 82
$11,841,162 82
THE CHICAGO & ALTON RAILWAY COMPANY—PROFIT AND LOSS JUNE
TABLE
Balance, June 30, 1903
$569,438 43
30,
1903.
3.
Balance June 30, 1902
Balance from Income account (Table
2)
$500,158 03
69,280 40
$569,438 43
$569,438 43
Union Carbide Co.— New Plant.- See report of Consolidated Lake 8up lior Co. on pagi 1532 .—V. 71, p. 920.
trolling interest in the stock of the company, and will be
First Vice-President and General Manager.— V. 76, p. 1305.
—
UnMert Was Improvement Co.— R^i^ults in Philadelphia.
See Equitable li nm'natiug Gas Light Co. ot Philadelphia,
above.
-V.
77, p. 1229, 255.
United States 6la«g Co.— Plan Approved.— The shareholders •voted on O^t. 28 almost unanimouHly to approve the
plan for reducing the capital stock and for i^snit g |770,0C0
of first mortgage 5 per cent bonds. S=e V. 77, p. 1229.
WashinKTon Match Co.- Judge Hanford, in the Federal
Court ai Spohane. on Oct. 23, appointed Frank B Cole of
Tacoma as receiver of the property. The company baa
never made any matches and Its m-thods were declared
by Judge Hnf-U to bt. "reeking In fraud." Cash received for
— Attention
called to the advertisement of Lawrence
on page xii offering an attractive list of
la addition to a
railroid, municipal and corporation bonds.
Barnum
&
is
Co.,
,
numher of
which
"gilt-edge" securities, the list includes some issues
at the prices offered will yield about five per cent on
the investment.
—The EneitDeering Company of America, under direction
of H'-nry E Kaoi Jr., SouttierD Manager at Charlotte, N. C,
has just completed the installation of a water-works system
for tbe Belton Mills at Beiton, S. C. Similar plants are to
be constructed by this company at Anderson and Greenville,
etock stated as $95,000.— V. 76, p. 69i.
S. C.
Tf ebTcr Co. 1 & Coke Co., West Ta.— iVctc President.—
Cbarlt-H
Robeits has been elec ed President to succeed
Henry E. "Weaver, who resigned, but who still owns a con-
hundred and fifty thousand dollars of City of Scranton, Pa., school 48 are offered for sale by E, D. Shepard
Co, Details are given in an advertisement on page z.
W
—Two
&
..
Oct.
THE
31, 1903.|
"glxc
CTIUONICLE.
Friday NI9HT, Oot.
30.
1908,
situation has nndergone little change
that
has dominated buyers' operations
oantion
spirit
of
rhe
most cases continued quite proin
for seme time past has
The general busineas
nonnctd. Merchants quite generally report that the orderibeing placed are almost exclusively against such supplies as
As a genare needed to cover well-deflued current wants.
eral rule the tendency of market prices appears to be
towards a lower basis and this fact, coupled with the mon
Btary situaiion, naturally tends to restrict active trading.
Unsettled conclitions have continued to exist in the pig iron
market, due largely to the keen competition from the South
ern furnaces for business. The shutting-down of the Mon
tana mines by the Amalgamated Copper Co. was followed bv
for copper, but at the higher
a sharp upturn in prices
values the market drags. Dnring tne week prices for wheat
yielded sligbtly, and considerable business was transacted
with exporters.
Lard on the spot has held fairly steady but the volume of
business transacted has been small, exporters doing praoti
oally nothing and refioers appeared to have their wants for
the present supplied. Toe close was dull at 7*10c. for prim^
Western, and 6 50c@6'75 for prime City. Refined lard has hud
a limited sale with piices lioIdiDg to a steady basis, closing
Speculation in laid
at 7"80c. for refined for the Continent.
There has been some
for future delivery has been quiet.
buying by packers to cover contracts, and this has held the
market steady in the faoe of full receipts of hogs. The close
;
OAILT OLOSaa PBIOBB or LA.BD
Sat.
Hon
655
6 62>«
6'67J«
tf-VO
mTUBBB
Dee..^^^..^ 5"Oo
Tue$
Wed.
6-52ifl
6-JO
6-6a
665
TAuri
e-'ii^
6-72v«
5 760.
March
May
30, 1908.
as Indicated by our telegrams
from the South to-night, ii given below. For the week ending
this evening the total receipts have reached 398,9.')2 bales,
against 824.280 bales last week and 803 997 bales th« Drevlous
week, m>ikiug the total reoHiits since the Ist of Sept., 1908,
1.979,581 bales, against 2,256 976 bales for the samH period of
1902. showiag a decrease since Sept. i, 1903 of 277,3^5 bales.
at—
Receipt*
Mon.
Sat.
Tiies.
I
Thws.
wed.
Fri.
Total.
I
15,3431 22,880 44,9d4 17,171 22.918 22,559 14ft 364
Sab. Pass, &c.
3,327
3,327
Npw Orleans. 11.141 14,266 20,738 1 7,072 14,344 15,170 92,771
i.teo 4,354 3,131
2,958
2,012 16.436
Mobile
2,321
7,722
Pendacola, Ac.
7,722
Oalveston
.
10781 10.186 11,250 10,915
S:tvanuah
Brnnsw'k, Ac
2,122 2,392 2,443 2,166
Charleston ..
Pt. Royal, Ac.
Wilmington...
3.682 6,012 1,712 2,260
Wash'ton.&c.
Norfollr
2,977 3,893 4,944 4,118
.
9,810 11.262
7.368
1,353
3,0S6
19
8,0J3
6,470
26
4,401
3,264
64,174
7,368
13.562
19
24,189
162
162
News.Ao.
N'p't
New
60
York.
Boston
Baltimore
fiO
::::::
&o
100
50
week 48.367 62.166 8 7,481 50,056 5W,913 83 019 898,952
Tot. this
The following shows the week's total
1,
54
878
ISO
64
378
Phlladelp'a,
dept.
26
23,200
1903,
1903.
This
week.
30
receipts, the total since
and the stocks to-night, compared with
1902.
TMs
/Since Vep.
1,
Stock,
Since Sep,
1, 1902.
week.
1903.
last year.
1903.
1902.
Pri.
645
670
Galveston...
Sab.P.,&o.
New Orleans
MobUe
P'oaoola, &o.
Savaunah..
Br'wlok, Ac
Charleston.
P. Royal, &c.
Wilmington.
Wash'n, &o.
Norfolk
U5
364
66l,i<46
3.327
92,771
16,136
7.722
64,174
7,36i
13,562
8,699
361.511
73,277
20,726
436 830
28,135
82,233
19
600
24,189
187.137
172
140.914
1,336
1,841
1,462
1,203
14,307
1.5.59
545
26
23,200
162
N'port N.. &o
50
New York.
54
Boston
Baltimore.
378
150
Phlladel,<feo.
740,694
10,212
516.921
61.091
23,171
434.^80
35,89
106,933
14
169,611
126
135,702
92,266
2,107
93.960
11,170
7,564
47,3i2
3,107
13,235
174,911
163,950
146,698
192,256
20,175
32,v:01
..
100,723
7,998
12,888
I
8
18,548
204
318
968
......
28,726
......
12,931
19,633
80,905
81,172
15
26O0O
85^0
•
5,773
2.864
398,952 l,97y.681 304 731 2,Vl56,976
Totals
6,819
16,262
32,177
6.863
l,90^
4,570
3,625
4.770
1,10 i
103,785
4,075
625.069
6^8,446
In order that a comparison may be made witb other years,
we give below the totals at leading ports for six seasons.
Receipts at
—
&c
Cialves'n,
New
Orleans
Mobile
...
Savannah
. .
Chas'ton, Ac.
Wllm'ton, Ac
Norfolk
N. News, &o.
All others..
Tot
this
wk.
1901.
1902.
1903.
14',691
92,771
16.436
64,174
13,581
24.215
23,200
162
15722
3i^8.f52
94.373
93,960
11.170
47.322
13,2i5
14.315
16.548
204
13.601
304. "3
1900.
1899.
1
Ii36ii 103,9fJ0
120 976 100,394
79 769
69 636
5,907
35.873
11,245
6,700
13,354
7,935
39,033
8,223
13,372
13,323
9,393
70,642
10,996
12,296
32,048
1898.
183,821
94,929
18,120
69,668
30,418'
20.638
33 338
534
2,42r
384
723
35,79*
21.1(5
13.^1^
54,179
iOO 4^3
406.2
234,
9i'
45->,i8l
,
» 95o.
6 15e.
8ept.......„..^ 6-30o.
Since Bept.
1
1979.5P1 Z256.976 20 7 Ilk 2220.080 2025.787
I
Raw
sugars have bad a limitpd sale at steady prices. The
;lose was dull at SJgC. for cenrrlfugals, 96 deg te«t, andS^^o.
'or muECovado, 89 oeg. test.
R- fined t-ugar has been qaiet
iud unchang-d at 4-70@4 75c. for granulated. Spices have
seen firm. Teas have been in good demand and firm.
Seedhaf tobacco has been tairly active, there being a good
'teady demand, desirable grades especially being wanted, and
iiices have been firm.
Sales for the week include 3,U00
ases, 1902 or. p, Wisconsin at prices ranging from 16c. to 22c.,
iccoiding to qaality. Samatra tobacco has been in better
demand and steady. Havana tobacco has had a fair sale at
nil values.
Offerii gs
of Straits tin have increased, and with only a
imittd demaEd prices have weakened to i:6'6:ii^(a25 87i^c.
ngot copper has advanced, bat at the higher prices ousitiees
las been dull, closicg at 14c. for Lake and 13 75c for elecroljtic.
Lead h»8 been quiet and unchanged at 4 50c.
»pelter has been firm at 6 UJ^c. Pig iron has been quiet aud
iEsettled, closiDfi at $15 50(316 00 for No. 1 Northern.
Refined petioUum
fca.- advaLced, cloaiig at 9 20c. in bbls.,
90c. in Chsec ana 6'aOc. in bnlft
Naphiha has been unhanged a' 12 40c. Credit balai ces have been firmer, closing
t $1 77
Spirits turpeniine has t:een qniet but steady, clcs-
1
at 69J4@6':c.
Rttins have advanced for low grades to
3 70 for Common aLd good strained.
Hops have been in
iir demat d atid steady.
Wool has haa a fair sale ; prices
ave been firm.
3p
Friuay NiQiiT, October
The Movement of the Chop
Oct.
IN OHIOAOO.
6-72i«
6-7'is
May del'T
e-??**
6-77>a 6 75
6-72»fl
Pork has had a fairly active sale in the local market and
prices have been steady at $12 75@13 25 for mess, |;14 50@16 0(i
Cut meats have been in
for frhort clear end $i9 for family.
fairly brisk demand and wi h limited offerings prices have beeL
firm, clrsing at 5J^@6c. for pickled shi ulder, ll@ll^^c. for
pickled hams and 9^4® lOi^c. lor pickled bellies I4@i0 lbs
average. Beef fans Oeen quiet but 8te>jdy at 5'^ 75@9 00 for
mees, |9 60@10 25 for packet, $10@10 50 for family and
$15@17 for extra ludia mess in tcs. Tallow has dragged,
closing flit at 4J^c, Stearin^s have been neglected, closicji
at 8c. for lard sttarine at d 7c. for oleo stearine. Cottonseed oil has been firm, owing to slow movement of seed, clos
ing at 33J^@37c., accoidiog to delivery.
Butter has been
firmer, itfluenced by a fair trade demand and smaller receipts, cloeing at 16@a2^c. for creamery.
Cheese has been
in full snpt ly and ttoere nas been an easier tone to the mar
ket, prices ai the clr se rauging from 9@llJ^c. for State fac
Fresh eggs have advanced on light retory, fnll cream.
ceipts, closing at 26c. for best Western.
Brazil grades ot ci ffee have been in fairly active demand,
importers having done a fairly large business with Brazil,
and the tendency of prices has been towards a better basis.
The dietribuiiDg trade has been limited, buyers showiog a
disposition to halt at the higher ^.^io'-p as^ked. The close was
firm at %%q. lor R-o No. 7 and 7J^@73^c for Santos No. 4
West Inditi growths have had a iimitta sale at firm prices,
closing at SJ^caf-J^c. for good Cucuta. Speculation in the
market for coniraccr' has been active. Large interests have
been operating freely and the undertone has been firm, based
on unfavorable crop news from Brazil. The close was active and higher.
Following are the closing asked prices :
!T0T..^^^^^ 5-50f. Feb.._....^... 5 85o. Jalv
6'20o.
lao
COTTON.
Receipts to
quiet,
October del'y
Januarr (lel'7
1547
(£^oxnmtvcml ^imjcs*
COMMERCIAL EPITOME
was
.
.
.
The exports for the week ending this evening reach a total
of 260,909 bales, of which 172,742 were to Great Britain, 14,490
CO France and 78,677 to the rest of the Continent,
Below
are the exports for the week and since Sept. 1, 1903.
IFee/i
finding Oct. oO, 1903.
Exvrteit
Exports
Iroin—
4ab. Pass. &c.
New Orleans.
Mobile.
01.618
9,186
Pensacola
ijavannab..
950
..
80,613
...
8,817
1.630
71,601
Oreat
o
.,
.
185,671
48,H2H
lOSftS
102.3>i8
SO
7,500
7,50U
26,'.!e6
61532
7,820
IS.kOI
8,B17
ll,bi;9
23,&99
lO.KIS
From Sep
W'.lmln«rton..
Norfolk....
N'port N., &c..
New
York...
Boiton
Baltimore
Pbiladelphla.
-•an Kraa., Ae.
Toul
Total 1B0«.
...
to—
Continent.
87.839
»».W57
33,206
8,931
65,a98
600
12,550
18.361
lS4,t.33
1,611
Total.
361.817
8,936
200,928
21,759
20 370
222 508
ll.SiiO
6,700
6.700
lO.OOO
lO.OrO
14.900
e,«50
102,650
l.OOO
1,000
121,400
1.000
36,391
1,000
200
123,393
20,116
89.548
213.361
3.'14^
l>2i7
4.797
ll',»-80
4,b36
18,168
blO
13 819
95'
1 ,0-(7
83,169
14,603
l.fl.SO
1,957
12.411
3,f09
704
18.279
133
1.797
.
_
France
...
.
Oct. 80, 1903
1903,
17,218
Charleston
Port Royal...
.
1,
.
Exporle't
Oreat
Conti- lotal
France
Week.
Bnt'n.
nent.
i^alveston...
Bmaswtck
—
to
l.rsSS
I.<'0O
1 ,»1<IU
V7
5-<rt.6"0
n2,'i2
I4.49J
T3 177 260.91 9
110.114
83.-49
l.il J'89 a78.85ll
200
1^6124
6i«,flo7 1h4.53w
6
6,
45 l,2;9.v-39
7o4,0Z2 l.675.d5»
THE CHRONICLE.
1548
In addition toaboTe export!, oar telegrams to-night also
give a« the following amounti of ootton oo shipboard not
cleared, at the porti named, We add similar flgaref for
Kew York, whiob are prepared for our special use by Messrs,
Lambert Jb Barrows. Produce Exohan^i^e Building.
OH 8HIFBOA&X>, HOT 0LB.4BBD FOB—
Oct.
Xi<a«iH{
30 at—
9rtat
Otktr <;oa«<CtarBritain mr'nce many\For'gn\ witt.
I
FcTUHKS.— Highest, lowest and
iifil
\\
I
Orleans
Qalveston..
Savannali.. .
Charleston .
MobUe
Norfolk
Hew York...
16,240 23.30S
,_
~" 6 573:18.066
16.7.^4 4 .791 36.9'>3 21.149
....
1,000 7,450 24.400
10.000
6.326 7.050
100
Ks.asi
124,883
36.8?0
10,000
15,376
5,600
19,000
31,000
68.973
2,-88
16,025
7,431
61.905
32,812
39,216,18.836,300,893
324,176
,
7.2:^6
4,000
2 000
6,500
S.OOO
4,000
12.003
15,U00
5.000
12,000
Total 1903..
60,994 79,872
101,976
Total 1902..
Total 1901.
67,583 16 533 46.736 21.542 ie.697il69,090
84.-J16 20 232 35.62ll2i.911 20 947 183,9271
Other ports
\\
\\
Ij
closing prices at
New
York.
if
ttock.
total.
I
I
New
jVOL. LXXVH.
'
88.414
eooas
I
«
<»
i
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ccdb
C'OO
I
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9
I
I
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CO CD
CO 00
05 vj
ccoo
CnOD
«*
\
(-
9
wo
«co
coo
coco
coto
coco
coob
Oto
4
I
I
:i
COS
•J CO
I
I
I
I
ooo
COCO
ccob
CO to
^j CD
aif>.
coco
«
I
I
coco
CCCD
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obco
I
I
coo
cc6
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coco
crCO
CCCJ
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<b
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ooo
COCO
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a9
cetp
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r-'O
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COCO
oo oo CO CO
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loco
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a
«
a
9
a
a
9
9
9
oc o© oo o© O© ©O eo OO o© OO
kOC7<
'
469,356
441,726
Speoalation in cotton for future delivery has been active
and flactuaMons in prices have been frequent and violent;
the general tendency, however, has been towards a higher
Eirly in th«> week prices advanced sharply; they
basis.
showed a gain on Monday of about ^c, to ^gj, per pouud.
The advices received from the South reported cold weather
and frosts. Toese reports appeared to create a stamp^'de
among bear interests and resulted in a general rush on the
part of shorts to cover contracts. On Tuesday and Wednesday there was an easier tendency to values, all of Monday's
advance being lost. An estimate of 11,250,000 bales as the
yield of the present cotton, made by an Ekiglish merchant
who has been traveling through the cotton belt, operated
against the market, and another depreesing factor was the
heavy movemeot of the crop, rt fleeting the recent active
baying by exp rters. Thnrsdiy the market again turned
Another antbority gave out an estimate placing the
firmer
yield at only 10,300,000 bales; this served to stimulate the
buying and carried prices up rather sharply. The Southern
markets during the week have been reported as holding firm,
with continued buying by exporters, but the demand from
domestic spinners has lagged. To-day the market was active
and higher. The feature was predicted cold weather for the
southwestern section of the cotton belt, on which there was
good buying, and prices advanced sharply. The close was
barely steady at a moderate reaction from top prices, fioal
figures for the day showing a net gain of 8@U points.
Cotton on the s^ot has advanced, closing at 10'50c. for
middling uplands.
The rates on and off middling, as established Nov. 20, 1903,
by the Revision Committee, at which grades other thac
lalddling may be delivered on oontraot, are as follows,
Evei)
Fair......
...._o. 1-30 on Good Middling Tinged ..o.
MlddUng Fair
Strict Oood Middling
eood Middling
Low
096
...
on
0*62 on
0-44 on
0-14 ofl
0-88 ofT
Strlot Good Mid. Tinged..
Strict Middling Tinged.....
SClddllng Tinged
Strict Low M:id. Tinged...
0*80 ob
0*06 ofl
0-l« ofl
0-84 ofl
0-60 ofl
Middling Stained
Strict Low Mid. Stained... 1-06 ofl
1-60 ofl
Low Middling Stained
Middling
Low Middling
Strict Good Ordinary
072 off
1-00 ofl
Oood Ordinary
On this basis the official prlcef> for a few of the grades foi
the oast week- O t. 24. to Oct. 30 —would be as follows
Strlet
UPLANDS.
Sat.
Middling..
Mlddlln*?
Good Middling.
Middling Fair..
GULF.
Sat.
Good Ordinary.
9-45
10-07
liOw Middling..
men Tuea Wed
970
1032
XH. Frl.
960
9'60 9 7ft
10-22 10-22 10 2i 10 37
9 60
1046 10 70 1060 10 60 10 60
10-89 11 14 1,^-04 11-04 1104
11-41 1166 11-56 11-56 11-56
Sat. noa Tae« l¥ed Tb.
Middling
Good Middling.
aOddllngFalr..
STAINED.
Low Middling
Middling
Strict Low Middling
Tae« ITed Tb. Frl.
9-20 9 45
9'35
935 9-35 9-60
9-^2 10 07
9-97
9-97
997 10 12
1020 10 4^ 10 35 10 35 10 35 10 '>0
11*64 lu»9 lo 79 lo79 10 79 ly 9*
11 16 1141 11-81 1131 11'31 11 46
Good Ordinary.
Low
fllon
Tinged..
Frl.
8-85
8-85
9 00
9-85 lO-oO
9-85
101«
10-01
10-01
10 11 loot
10-20 1045 10-35 1085 10 35 1050
8-70
Good Middling Tinged
10 76
lil9
1171
970
986
8-95
9-95
8-85
9 85
The quotationti lor middling upland at New Yorfa on
Oct. 30 for eaoh of the past 83 years have been as follow s.
1896. ...0 9
1879. ...0.1114
1887. ...C. 9»9
1903. ...0 10-50
pas
8-^5
1878
1894
b\
1886
1902.
9H
908
1877
1901
715j6 1893
. 83,g
1886
113i6
11 >s
9>«
1892
9i3i8 1876
1900
. 8&ie 1884
1438
lOOg
1883
1876
1899
1891.._» 83e
7H
14B8
1882
lOliie 1874
1 890...... 10
1898.
5Sxe
lios
15
lOV
1881
1878
1897.
6
1889
20
lf»72
111,8
1896
715,, IBRB
913ig 1«80
NoTB.—On Oct. 1, 1874, grades of ootton as quoted were changed.
Aecordlng to tb<« new clasnitlcactoa Middling was on that day quoted
lower than MiddlinK ot the old ola-isitioation.
MARKET AND SALES.
^
iPOT Mabkhi
Oloabd.
ruTUBHS
0LO8BD
Saturday .. julet. 1 pts. ad Firm
Monday.... ai'dy,25 pts. ad »'^ady
vni><t. 10 pts. do. 4'rly steady
Tuesday
. .
Wednesday Quiet
•steady
Thursday.. itiitnl
Kirm
Friday
Qolet, 16 pts. ad. B'rly steady.
Total
4..t.aa
Mabkbt
ot Spot
Oon-
•ort.
• •«•
• •••
• •••
•
A Oobtbai
09n
iraci
''Ota
.
288
288
200 1,800 2,000
846
f68
568
305
805
63 ,1,806 ll,3o3
1,770 18,100 14,870
9
I
I
I
9
1
K-»0
^<1
I
19
9
I
I
I
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9
I
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1
1
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oo
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coco
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OO oo c o coco CO© COCO CO COCO coco
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03
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e»
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The Visible supply op Uotton to-night, as made np by
sable and telegraph, is as f ollowB. Foreign itooki, as well
fts the afloat, are this week's retnrns, and oonseqnentiy all
(oreign fignres are brought down to Thursday evening,
'^nt to make the total the complete fignrei tor to-nlgtal
Oct 30), w£ add the item of exports from the United States,
1
1
1
1
1
I
1
1
,
'
1
'
1
1
OD
00
'
I
1
'
1
1
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noiuding in
it
1
1
>
1
1
the exports of Friday only.
1903.
156.000
17,000
ll.oOQ
Stock at Manchester,.... ......
iuti»i threat iUrltalnltOOk. 184,000
nook at Hamburg........^....
33 000
(took at Bremen.
..........
75,000
:}>ooa at Llverpool..i...i..b»lei.
<.-»*. »t innrtoTi
....^
ttook
Stook
itook
Itook
'
at Rotterdam
at Antwerp....... ..^..
at Havre
............
at Marseilles
..
nock at Barcelona
ttock at Genoa
«»ock at Trieste.. .«...
....
1902.
1901.
249 000
159 000
7,009
11.000
260 000
14 000
109,000
166 000
18 000
61000
1900.
305,000
15,000
320.000
15.000
93 000
200
200
5 000
4 000
3 000
53 000
66 000
60 000
2 000
16 000
5 OOO
3,000
42.000
2,000
8,000
5,000
2,000
170.200
490,200
43,000
8U2,000
37,000
.....
2,000
7.000
10 000
SOOO
32 000
16 000
8 000
7,000
8,000
193 000 23->t>00 16=1 2"0
Total Continental BtookB.
Total European stocks..... 377.uOO~ 49^,000 331 200
17 000
20 000
16 000
ndia ootton afloat for Europe
kmei. cotton afloat f or E'rope. 6^8.000 701.000 84 2 000
000
000
Brazil,&c.
33,000
57
47
,aflt.Ior E'pe
CKypt.
89,000 100,000 117 000 1 00 000
nook In Alexandria, Egypt...
173 000 137 000 188,000
stock In Bombay, India....... 177.000
nock in Onited States ports.. 625 069 638,446 62.'>,»>.^3 651.632
497.784 5^5 130 513.959
•took in D- B. Interior towns.. 291,945
33 664
63,355 10f>.6l2
75,762
inited States exports to-day. .
Total risible supply.. .....2,363.776 2,745,585 2,746.595 2,850,466
Ot the abOTO, totals ot Amerloan and other desorlptlous are as loUowi;
Amtrxtan —
96.000 189,000 101000 258,000
jiverpoo),&0., stock.. .bales.
201.000 124 000 14^.000
...» 122 000
)ontlnen tat s locks
imertoan afloat tor Europe... 678,000 701.000 84^,000 802.000
625,069 638 446 6:^5.653 651632
Jnited States stock
813.939
825.1
Jnlted States Interior Stocks. 291.946 497.7b4
33,664
75,762
63,3^5 10'>.6i2
Tnlted States exportsto-day.
1,888,776 2,289,585 2,323.^93 2,402,255
American
Bait rndian, Branil, de.—
52,000
«-»«»T,ooi Btonk. ...... ._..„«.
58 000
71.000
61 ,000
15.000
11000
7,000
17 000
London stock
21.200
41.200
34.000
71 000
yjuiii.'cuoa. sbUoas.._ .^.......
43,000
16 000
20,000
17 000
ndia afloat for Europe . ......
4^000
87.000
57000
33,000
Igrpt, Brasll, Ac, afloat......
89 000 100 000 1 17 OOO 100,000
nook In Alexandria, Egypt...
188000
173,000 137.000
5t*ok in Bombay, India....... 177 000
475.000 456 000 423 200 457.200
East India,
.«»..,».».._.
Ac.
Total
iut.i».°.<
I,t88.77d 2,289 58'^ 2,323 395 2,402.256
Total American
Total fislble supply. -»._a.363/776 2,745,685 2,74«.59.5 2,859.456
59324.
47, «d
4-ti4d
5-74d.
Clddllng Upland, Liverpool.
9»1608-650
7'eO.
CiddUng Upland. New York.. 10'500.
.
Tom
Cgrpt Good Brown, Liverpool
-eru ». Bough Good, Liverpool
iroach Fine, Liverpool........
''tnnevelly Good. LlverpooL..
8ifld.
71,6d,
6%d.
900d.
6-90d.
629321.
7itd.
77is4.
49.^3(1.
61l8<i'
42i3ad.
eiisd.
6i«d
6>4d,
4\d
42532d.
„^ Continental Imports pist week have been 148,000 bales.
T^*** <»hove figures for 1903 show an increase over last week
of 233.970 bales, a loss oi 881,809 baloa from i'A^i, * decrease of
882,819 bales
from
1901
and a
logs of 495,679 bales
from
1900.
£
Oct.
1
•
..
THE CHRONICLE.
31, 1903.
|
At THE INTEBIOR 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
below
corresponding period of 1903— ia set out in detail below.
for the
9 I
(S
<
o
es
cr
o o
s»-
o
d•
-
"
a
IB
b«
wro
?:co
(3
101,8
9''8
9\
9%
10>«
lOifl
9^fl
9''a
Savannah...
Oharlestou ..
Wilmington.
a^
5?S
iS
Boston
Baltimore
" Ei Oi
.
Philadelphia
fc< .
•- 1^
.
,
St.
" '^ ^ " M #> »9 M lu
lOMO
loao
lO-OO
10-25
10'70
1045
5
«sestoce<i^>-'^a(tio^
Houston
-•cr*..-vlMtC»3tUa>0CC"O*5-0--WO-JOi^O'C0(D-"K.I-'t0l^*'
si
- M W »0 — >-•«-•*'» M
tOOO*oo — C;'^c:<»OS*^c;'H-ooc;iODic"^ t^OO-J^^ oc ocojooooi-'tOO
c^'oc tobb *» u> o i* Jo'^ -5
OB
^'os'^
oT^*<j
co"y>
®lx'o"—
*»
o
V
-•flow
a.
—
Cincinnati
.
Bnok.
U.rtle
9 '8
lOH
10%
9->»
10
91=16
9'8
11
9i«
9-'»
Louis....
Tuet.
10
lov
9-76
TOi«
Augusta
Memphis...
.
iron.
9Br
9-75
9'8
Nortolk....
T
*Sa
o
o-
r:
M 3:
H
(O
91318
9'8
9as
MobUe
Or.
:
Satur.
aalveeton...
New Orleans
-
»
N
OLOSmO QDOTATIOHS VOB HIDOUHO OOTTON OH—
ending
Oct. 30.
®K ^
*—
o
OIC0
Quotations fob Middling Cotton at Otheb Mabketb.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Wf-ek
tsar
g o o •»
So> 3 c
21
1549
11
9i«
ici,e
10
103,8
10-45
10-37
10-60
lO^e
10
10
lOhs
11
9««8
Wednc$.
10
Tkuri.
101,8
915,8
9'8
10
91^16
10
10
9''8
9'e
10«12*«
lOifl
10 3%
lo:i5
10-J5
10-60
10
10
10
10-60
10
10
10
1014
io-a5
10-37
10-76
10i«
10i«
Irti^
916,8
loiia
11
988
103,8
lO's
S'e
Jf'Ms
10
10
10
10i<i
H125
«•».
11
9«»
lOhs
11
9B8
The
—
KIM
(OW
^ 1— ca - p— Oi
(- to
!-•
3
<iO
o
I-"
OBMC^MM3;05XCOt^OD*^©**ai^^CS'OK* O^Cb^K w^O»^o*Jcov»^
Oi».(OOa3K>~iW'»toiCMt«:05— c^ooew30^0l^«>&^0^^1lOO<0•-'•>J
o
o
M K) — ^ »a O MMH-Ml^OS
(^
-J
*CO««J
aVa' #.1*03 00^ to^i^o:-j"~»'a' boV."j)»< CO k3 0<im"w too »3 J o**»
*M;
CFi-"
t^co^
aMO:co.-•'1^3-Joo30(x>o»ux^^OlC^OtOll^coo9toacMwaaoc^
^*.|-«-
w- IK »0
M «—
ac-JO*'
I
CO
o
l
I
|
I
-4
gj
OD CB <k I—
New
SaVday.
Oct. 24
(X.
o««3*'OOC»a"'OtooD. l<».o^-~J^^wle>0^c>^^:!0iula<y|6•~3Ow>-«*•a!
W
M
bO
"•
OOTOBKB—
Range
"^ -
Closing..
Deo'bbr—
Range
wo'-jcoVs^osV co>-'b' o
cD©&o aD^oo^'^c^<i-'00©cci''<tiO'^u.c;i^>-^ccfeO'j«^©c^toocoo*^
O^C0C0XCC00C;<WIO^O^O3©©C3DcvC»3^'N3W0DaDt3<O*^*J^0i^QDrf*
e>CTo'oeoK:'MCO«:oo&ooe«<3o.-ai'o<i'-''V eo^^
'<
I
ubleans Option Mabket.—The highest, lowest and
closing quotations for leading options In the New Orleans
cotton market the past week have been as follows.
coaostc-'-^oooDO^JOto
^Vj; o W
»co*<l®o«w ©'xM^w"-*"!"©
O
closing quotations to-day (Friday) at other Important
^\ ere as follows,
Nashville
10
Columbus, Mlsa 9%
Athens
9\
9''^
9''8
Natobes
Bnlaula...
Atlanta...
Louisville
lOH
Raleigh
10
10
Charlotte
Montgomery... 9''8
Shreveport
Columbus. Oa. 9<>8
9''e
Southern markets
Closincr..
Mondt
Tuesday, Wed'day, Thurid'y Friday,
26
Oct.
Oct. 27.
Oct. 28,
Oct.
29
Oct. 30.
— 9—
9-64'9-80 9-880-10 9-86®-96 9-90'»-97 9-86O-00
b-780-7fe 9-99W-01 9-91« 93 9-83®-85 9-999-00 10-139 -18
9-59W-76 9-85'3>-00 9-80® 91 9-72 0-88 9-759-94 9'8«»'10
9-74®-75 9-84»-y5 9-82a-83 9-78 » - 9-939-94 10-06006
January—
K3
%.
'
-•
1X3
^ »3 IC to (3 M a
)-• ft'
oia*.-.V-cB<cVy>"oo'-j""co*>T»>c:"y>Vj'coVoo j;<i
N: K^ 10 CO
M <l CO CO Ul M
Range .... 9-84«-81 9-91®06 9-86«97 9-78«-94 9-819 99
5?
Closing..
MiECH—
"^i-'lccooootnotcc
u J M tw
<>.
•-
•-' I-"
1-"
Mat-
Range... 9920-08 10-17©
Closing.. 10 060-07 10 269
- (o^Oh-oifr «e»
toco
— KjrobaociOQc
o>oosic-'to«c*»V"t<;ac!*i>-JtJXX'^c»oou'aociicx);D^
CO
©^*COKO^^Occto^^^^-QDC^^»^^ooca;o;w^!C^^o*-lOiOO^*^^-^CD^
#>^co^ts:^oooco^o~oc(Du>M^i(^Ocoii^Otsi-'XO<xcoco<'eBoo>
aa*^'OCiQO*00OGQ<O(DO>
^^^I^^C^Q0O coco <og;
toco
vices
totals
1902.
1903.
Octobtr 30.
Mintt
W»€k.
1*vi.
1.
Wttk.
Minta
a*iot.
I
8Hipp*d—
Via St. Lonla.
..............
Via Cairo
Via Padaoata
Via Ro«k Island
Via Louisville
Via Clnotimatl
Via other routes, *o
Total groM overland....
Deduct B^ipmtntt—
Overland to N. Y., Boston,
3,789
6,534
14,274 24,488
21,525
7,355
1,485
745
4.698
17,452
Ac.
96,480
33,964
200
550
1,1200
7,581
4,462
18,316
3,744
44,912
59.992 44 433
203,028
25
551
"sdi
3.257
4!li8
16,242
2,981
628
6,065
Interior towna.. ........
Inland, *o., from flonth.....
632
48
404
288
660
7,816
2,875
14,867
3,319
12,001
Total to be deducted...........
1,340
14,285
6 096!
30.187
45,707l 38,3371
172.811
Between
Leaving
total net overland*...
Inoladlng
movement by
rail to
16,112
2,933
Canada.
The foregoing shows that the week's net overland movement
year has been 16,113 balos, against 88,387 bales for the
week in 1903, and that for the season to date the apr^reErate net
overland exhibits a decrease from a year ago of 127,134 bale?.
Ihii
1908.
In Might and Spinnen
T<iking$.
W*tk.
Sinea
1902.
Wtek.
Steady.
Steady.
33 10-149 21 10 06»-20 10 09 9 '28 10
26 10-13O 14 10-00 a -07 10 289 27 10
Firm.
Steady.
Steady.
Steady.
Steady.
Steady
Firm.
Steady.
Weather Reports by Telegraph.— Oar
^tdOOh^OObOa
show that the interior stocks have tnereased during the week 59,261 bales, and are to-night 205,839
The receipts at all the
ttales less than same period last year.
towns have been 10,308 bales less than same week last year.
Overland Movement fob the Week and Since Sept. 1.—
We give oelow a statement showing the overland movement
tor the week and since Sept, 1, as made up from telegraphic
The resalts for the week ending
reports Friday night.
Oct. 30 and sinoe Sept, 1 in the last two years are as follows.
The aoove
TONBSpots.....
Options...
«5^
QQ
9-949-l(i
9'989'99 10-10911
Closing..
Oo
i^U
9-78'»-7t'
Range... 980'»-96 10 06W22 10-01»-13 9-94'»-ll 9-969-15 10-10982
9-94'a-95 10 14 » 16 100S9 04 9-959-96 10149'15 10 269 2T
W#>'0'<IC5"-ac>-'COCA;0*'l^C005Ck;OtOO»-'C>iM'»lCO©»l'-!Ct"tOQCi
.oo^c<;5C»13<©^^to©^>-toc>— C30o©ie>to*-05 — ci:to»»«>©0»'ts
W^OttO
9-79»-S0 9-99®-00 9-S7«-88
Sinet
Baoelpts at porta to Oct. 30
398,952 1,979,581 !304,73 2,256976
Het overland to Oct. 30
16,112!
172,841
4&,707i 38.337
Soatlieni consumption to Oct. 30.. 420001 327,000, 40,000 353,000
from the South
239 'U
379 38
Steady.
Firm.
telegraphic ad-
this evening indicate that generally
eatisfactory weather for crop gathering has prevailed daring
Picking has therefore made very good progress
districts is stated to be neariog completion. The
temperature has been lower as a rule, with frosts reported
in many sections the early part of the week and killing
the week.
and
in
some
frost in
some
localities.
Oalveaton, Teajos.— There has been rain one day during the
week, to the extent of twenty-nine hundredths of an inch.
The thermometer has averaged fi4, ranging from 55 to 74.
Abilene, Texas,— It has rained on two days of the week,
the precipitation reaching fourteen hundredths of an iucho
The thermometer has ranged from 84 to 74, averaging 54.
Brenham, Texas.—
have had no rain the past week.
Average thermometer 61, highest 77, lowest 44.
Corpus Christi, Texas.
have had rain on three days
during the week, the rainfall being fifty- four hundredths of
an inch. The thermometer has averaged 65, the highest being 80 and the lowest 50.
Cuero, Texas.—
have had rain on one day of the past
week, to the extent of eighty-eight hundredths of an inch.
The thermometer has averaged (BO, ranging from 42 to 78.
Dallas, Texas.
have had rain on one day of the week,
the rainfall reaching two hundredths of an inch. The thermometer has ranged from 38 to 80, averaging 58.
Henrietta, Texas.— It has been dry all the week. Average
thermometer 59, highest 84 and lowest 34.
Lampasas, Texas.— Three days of freezing weather. There
has been no rain during the week. The thermometer has
averaged 56, ranging from 31 to 81.
Kert^lle, Teajos.— Freezing weather on three days.
have had rain on two days during the week, the precipitation
reaching thirty-nine hundredths of an inch. The thermometer has ranged from 28 to 79, averaging 59.
Longview, Texas.
have had rain on one day of the
week, the precipitation being four hundredths of an inch.
Average thermometer 58, highest 75 and lowest 36.
Luling, Texas.
have had rain during the week to the
extent of four hundredths of an inch on one day. The thermometer has averaged 56, the highest being 75 and the low-
We
— We
We
—We
We
— We
—W©
est 87.
Palestine,
Texas,— There has been a trace of rain on one
day during the week. The thermometer has averaged 68,
ranging from 46 to 74.
Came Into sight during week.. 516,32:^
Paris, Texas.— We have had no rain during the week. The
443,5911
Total In Bight Oct. 30
2,632,631
3,217,523 thermometer has ranged from 40 to 81, averaging 61.
San Antonio, Texas,— 'Rmn has fallen on two days of the
North's spinners' tak^gs to Oct. 30 55,315 284,853! 53,872l 874,140
week, to the extent of forty-eight hundredths of an inch.
Movement into sight in previous years,
afpft
Average thermometer 58, highest 76, lowest 40.
Week—
Bale:
Minee Sept. 1—
Bale:
Weatherford, Texa«.—We have had rain on three days of
1901- Nov. 1
537,940 1901- Nov. 1
., 2.905,816
the past week, the rainfall being eighty-two hundredths of an
1900- Nov. 2
„ 453.686 1900- Nov. 3
3.185,104
inch.
189 '-Nov. 3
The thermometer has averaged 57, the highest being
364,171 1899- Nov. 3
2,985,655
1898-Nov. 4
-„ 559,447 1898-NoT. 4
..« 3,638,764 79 and the lowest 85,
Total marketed
Interior stocks in excess
457,064 2,352.288 388,0P8 2,782,817
59.261 280,313: 60,623 434,706
J
I
I
THE CHRONICLE.
1550
[Vol. lxxvii.
Netc Orleans, Louisiana,— The week's ralofall has been six
hnndredths of an inch, on two days. The thermometer has
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Choremi,
avfragf-d 63.
Benaohi & Co., of Alexandria, we now receive a weekly
Shrev^port, Louisiana, — There has been rain on one day jable of the movements of ootton at Alexandria, Egypt.
dnriDg the week to an inappreciable extent. The thermom- The following are the receipts and shipments for the
eter hHS ranged from 40 to 76, averatting 58.
past week and for tbe oorresponding week of the previous
CoiumbUK, Jkfiwtssippt.— Frost daring the early part of the two years.
week was of benefit and did little or no damage. Picking is
Alexandria. Egypt,
go'ng on very generally and the movement is heavy. We
1902,
1903.
1901.
have had rain on one day the past week, the rainfall being
twenty-one hundredths of an icch. Average thermometer
50, highest 70 a- d
lowest
30.
Vickahurg. Mta.sis.s'ppt. —There has been but a trace of
rain during the week. The thermometer has averaged 57,
ranetng from 39 to 76,
Helena, Arkansas. Frosts have not killed vegetation.
Picking is going on rapidly. Rain has fallen on one day of
the week, to the extent of three hundredths of an inch. Average thermometer 53'5, highf s*- 70, lowest 33.
Memphis, TeriTifssee.— Picking is active and general. Killing frost occurred on the 24th, or thirty-four days earlier
than last year, and four days in advance of the average
date.
have had no rain dnrins the past week. The
thermometer has averaged 63 '5, the highest being 67*9 and
the lowest 39 4.
Montgomery, Alabama.— One \]ght frost has occurred.
have bad no rain during the week. Average thermometer
56. highest 76. lowest 36.
Seivia, J/u5a7Ha.— Killing frost occurred in this vicinity
on Sunday. There has been no rain the past week. The
—
We
We
thermometer has averaged
lowest
58,
This week
81noe Sept. 1
Total exports
—
averaging
50.
Savannah, Oeorgia.—lt baa rained on two days of the
week, to the extent of twenty- one hundredths of an inch.
Average thermoooeter 57, highest 77 and lowest 38.
Stateburg, South Carolina. — S&yeral light frosts have occurred, but Wedneediy we had heavy frost, partly killing on
low grounds. There has been rain on two days during the
week, the precipitation being ninety-five hundredths of an
inch. Tbe thermometer has averaged 55, ranging from 35 to 76,
Oreenvood, South Carolina. There has been no rain dur
ing the week. Average thermometer 60, highest 63, lowest 88
Charleston, Suvth Caroina.— Rain has fallen on two days
of the week, to the t-xtent of thirty-five hundredths of an
inch. The thermometer has ranged from 40 to 76, averag-
—
55.
Charlotte, North Carolina.— The week's rainfall has been
ninety seven hundredths of an inch. The thermometer has
averagtd 49, the highest being 70 and the lowest 34.
The following statement we pave also received by telegraph,
showing the height of the rivers at the points named, at
3 o'clock Oct. 29 1903. and Oct. 80, 1902.
Oct. 29, '08
F—t.
5
Orleans..^ ...^ .Above lero of gauge.
ew
M«mptila....«..^.._.Above lero ot gauge.
—
Above sero of gaage.
Above «ero of gange.
Above sero of gauge
MbvlUe......
hreveport
lokabarg
Oct. 30, '08.
Ftet.
4-4
9-7
0-9
97
1
6-5
18
12-5
15
—
India Cotton Movement from all Ports. The receipts
of ootton at tiombay and tne snipments from all IndlH ports
for the week ending Oct. 29. and for the season from Sept. 1
to Oct. 29 'or three years have been as follows:
1903.
Ma»tipf atttoiuum)
WuM
1
4,OCO
Sinet
9tpt.
With
1
42.00OI
6.0OU
for i*« »«««.
Hintt
fpt
wt*k.
1
26,000
tftnc*
\2<iO0
StpUmOmr
wOuioajr
Srtai
Oonl%-
Britain,
ntnt
total.
ertal
Oonn-
gintt
Upt.
1
&2000
i..
2.000
1.000
20,000
17,.
00
16.000
adxae—
1908
1902
1901
Allotheri—
1908
1902
2,000
23,000
18 000
16.000
1,000
1,000
4,000
40O.
.•5,000
5,000
3,000
3,0Vi
3 000
1,000
2,000
7,000
1.000
1,000
3.000
1,000
2,0U0
20.000
20.00C
1«<,000
18,001
17 non
1»01
17.0Ofl
XUUUAll
1903...
1902...
1901...
3.000
1,000
3,000
1,000
»,000
1,000
47,000
41 000
as.tioo
7.627
12.9 <4
Sv,40f
5,85-
19 260
!S7fi
1.7.'>5
8437
5
7P0
Thi*
week.
49,849
19.202
42,?26
49,00C
42,000
38,000
Since
Sept. 1.
7,900
4,185
31.928
I
55,797
10 250
99
Ift.O.W
3,000
91,009 20.814 112 8 14 24,986 113.028
—
by cable
firm for
is
yarns «nd steady for shirtings. The demand for bcth India
and China ict improving. We give the prices for to-day
below and leave those for previous weeks of this and last
year for comparison.
1903.
1908.
SH »>$. Shirt- Ootirn
8H Ibi. Shirt Ooten
38f Oop. ingi, common Mid. sa< Oop. ing$,
common Mid.
TwUt.
Twitl.
UpldM
to ftnett.
to finest.
Uplds
d.
d.
Oct. 2
a.
«\
7
" 9 -lll6'»»'4
" 16 811ia»9l4
" 2^ *h
" 30 8>«
8.
7i«08
09>4
»938
Sep 25 8''fl
6
6
o9>«
•»9l8
OS
OS
A
d.
A.
d.
08
OS 1^
08 l'«
6
91
5-'4
5-74 73i8«81i6 5
Weekly Cotton
Government
d.
d.
B.
2>«»7
2>«»7
2i«»7
2»«»7
2i«»7
6-20 78;a ©Sifl
6-04 73,g oSiie
l>a 5 80 73, g oS'ie'S
3
2
9
9
9
9
9
9
21a »7
d.
429,a
4-84
4-78
4-72
4-68
4-64
Report.— The regular
weekly cotton report, as issued by the Ciiuiate and Crop Division of the U. S, Weather Bureau through the New Orleans Weather Office for the week ended Octob-r 26, and
telegraphed to the N. Y. Cotton Exchange, was as follows:
Excepilonally favorable weather for gatherlni? cotton prevailed
throa«<boat the week, and worb was puehed. Picking Is nearlng completion In most sections, while ArkaoHas reports abijut half the crop
picked. Tei'.as reports abont one third of the crop still in tbe field
over the northeast portion, while picking is completed or ne<*rly completed in other portions. Heavy to killing frost occurred over tbe
greater portion of the cotton belt and frost was repotted from nearly
all sections.
Domestic Exports op Cotton Manufactures,— We give
below a statement showing the exports of domestic cotton
manufactures for September and for the nine months ended
^ep'.. 3i), 1903, and for purposes of comparison like figures
for the corresponding periods of the previous year are also
presented.
Ouan(iti«« of Manufactures of
Ootton (colored on<J uneolored)
Month ending
Sept. 80. 9 mos. ending Sept. 80.
IHOH.
908
United Klnedom
yards.
France
Gertuany .. ......•••..•••••••....•..
Other Europe
British North America
aSB.ihO
"3,07-
ll«90t
18
America & Brit. Honduras.
Mexico
Cuba
Other West Indies and Bermuda..
l,76rt.« «
Exported to-
Cent')
bf0.7H7
23l.0:<r
1,9 4 4HH
132 4 b
Br nil
7 0..03
Chill
39t.t-4-^
Colombia
Venezuela
Other South America
Chinese Kmplre
83^0"'
7W.85'
64 8,33 T
3,377,i'S
•••
British ICasi indies*...
Hone Kone
Japan
British Australasia
Philippine Islands
1902.
i7».0lu
4,2:^9,308
"e.eso
4i4t)2
172.16
24,788
113,720
.4-7
1,474,6
9.nie
f^i.a4i
10
;ii
2,027.<148
12.9:8, 67
1.70. ,9 5
8.W51,991
13,^6j,238
Z.M*1,740
2 777,062
10.-^
1.8-14,')
2-"i.0H
l)93,^e'
1,8 0.605
3
2.-0
052
81,B04,nll^
t.7b,c76
7,46i. iV
40.913
810. 96
7,67/,V20
10a.:•^9
2,6r0.<-80
J
5.3' 6, -77
9 219.3 6
4-4.73
4.W47.4t,0
3e:<.l"t<
23,'.BV'.0 ^ 107.966. -.9 i78.r,5I.51T
6.051.12k
531. 5'
]4 5»l
216.ftlj9
3-1,k66
6.506,fl96
i3i
8.>^8,tM7
2 8-0.6 i
^940
»V,-9»M»'
917,:-t-
207
2,4
86
4.(-5<.«9n
,8d-,
81,7
other Africa
Sl».8>i
t
Total values of above
Valuo per vard
8a. 35.'
$U3o 23
....
|067£
Values of other Manufactures of
Cotton Exported to—
Cnlted Kingdom
»77.5S3
638
•
^" ether ands
Other Kurope
British North America
Brit.
•
Honduras.
Cuba
(^ther
West
10.491.579
178,6i>5
4,< 0J,766
16,194,777
4,667.119
616,387
15,984
li<,M| ..-n
Total yards of above
America X
Mexico
916,570
7.(«H.PJ4
6,449,199
19,i9j.6«0
B.857,771
4.B04.H87
7f5.tt42
14. 3i
39i,9lt-
Cent'l
18,9ti8,199
23,135
l-8«iJ2
306, 9i
S.'tt.l
Other Asia and Oceanlca
IVO1
8.3«r,.5l)3
739.4 9(i
7 06'
10.*.i4
Caloattft—
1903
1902
1901
5,?.»0
;-^^,w9
rota:
-
1908
1902
1901
Since
Sept. 1.
Other countries
Mmporl*
from—
This
Week
Manchester Market. Oar report received
to-night from Manchester states that the market
All
1901.
1902.
Since
Sept. 1.
A cantar is 98 pounds.
33.
We
TMi
8,250
R.OOO
....
350,000
1.390.921
tceek
To Llvprpnol
To Manchester.
To Coiitln«>nt ...
To America
*
262,500
1,524.452
310,000
1.284,784
SxportM (balee)-
the highest being 83 and the
Mobile, 4lc6aTOa.— Killing frost occurred in most sections
Picking is progress
on Sunday, but little damage resulted.
have
ing well and has been completed in most sections.
had rain on one day daring the week, the rainfall being
eleven hundredths of an inch. Th^ thermometer has ranged
from 37 to 75, averaging 59.
Madifon, Florida. There has been no rain during the
week. The thermometer has averaged 66, ranging from 50
to 84.
Augusta, Oeorgia.—We have had only a trace of rain during tne week. Tbe thermometer has ranged from 33 to 73,
ing
October 38.
Beeeiptt (cantars)*—
Indies
and Bermuda..
Brazil
Chill
Colombia
Venezuela
other South America.
rhine.se Empire
British Kast Indies
Honti Kong
British Australasia.
Philippine Islands
Other Asia and Oceanloa
British Africa
Ail other Africa
OthercounirltrS
Tot. value of oth. manafact's of.
Aeerecrate val. of all cotton eoods
91.98HKl
.-1
6,H 2,4-6 4l.<.l0».a71
t8,(37 91 »10,a97.b31 121,342,420
$-0618
»•05^^
r06C9
1724.8=4
IPS 800
tt7 66t'
109:8
26.fc»l
95ri037
632,679
11,296
39.-83
1.692 9»S
22 73
6ir39-
12,04tIfiS 7£2
1B7.4«
37,7^4
19,31
4.5 Hf-l
45.477
11,836
81H
IB, 18
231 T04
116. 59
80,778
2d 8
2,67M
2z,o.-e
66
8,754
l.bHW
e.aie
1.93H
8,tli S
16.4H0
17.081
127j:
4.K99
8,'Mf
1609,479
67.743
6.«l»
2,50»
60,341
6,lt'4
l,686..i04
!t90,:82
-
167.5'* 1
16.309
7,0-3
8
,9il
18,495
14
80
8,89 J
115,166
122.131
16^,677
69.361
24 768
69.068
16.020
il7,887
22,^4-9
48,»"7
9<8
21. >1
38.114
1,5''4
59^
464
376
3-,«0
4 267
6.7 8
4»»!
2!'i-,408
8.-^8,111
7 48-
b.vm
12,976
23''
2 ,:oo
292.0W7
38, 56
Ib.-^V
172,7/4
11,7 6
I-
7,)'-«
$5'-6,«;i
$1.»2<,H
1400
ft' .<24
(>
|2,M 44'
$i, 40,4 r
%'.
.9
868.4ii5
71.<57
68 648
99,024
23,-27
7:763
14,-26.763
8 247 »i!«.168,l 8
.
Oct.
THE CHRONICLE.
31, 1903.]
New Yokk
Cotton Exchangk— Death of
Mr
Chakles
Mr. CUHrlf^a Dexier Miller, a former member of
the firm of Hopkins. Dwighi & Co and twice Pre8i<ient of
the New York Cotton ExchanKe, died at his home in Roselle,
N. J., on Saturday from cerebral hemorrhage, after an illness of several years. Mr Miller entered the employ of
Hopkins Dwigbt & Co. in the early sixties, later became a
member of the firm and continued as such until his retire-
D. Miller
iaPOay.
Spot.
of ill-health in 1899. He was closely identified
with the erection of the present Cotton Exchange Building,
He was also for a rime a member of the Board of Managers
of the New York Produce Exobange, and retained his
bership in both institutions until his death. He was also a
member of the New York Chamber of Commerce and the
Y^ork Reform Club.
SHiPPiJiO News.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 260,909 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
ment because
mem
New
Market,
12:30 P
M
Sales
8peo. ifcexp.
opened.
Market,
4 F. M.
704
4.4i0
2,103
lUU
l'^5
100
4,40d
1,952
lrent<, 1,901
Riw OHLEANB
To
I
Iveriool
-
Got.
96— Steamer
27 Steamer Atlantlan,
SteamerLoulelana. 4.000
Oct.
Senator. 6,968
13,956
Got. 30-
24.924
12,076
6,021
To Bremen Oct. .iO Steamer Lotiislana, 12,076
To Baroelona-Gct. Z' -Steamer Martin Saenz, 6,021
To Genoa- Got. 29- Steamer Oiara. 2, 9>2
To Trieste Got 2 3- Steamer Clara, 1,550
To Venloo-Oct. 29— Steamer Clara, l,25o
To Vera Cruz -Oct. 23 -Steamer Malm, 50
Galveston To Liverpool— Got. 27 steamer Irak, 22,171
9,136
960
10,81^
60
17,736
12,880
4,600
11,469
700
400
600
2,150
28—
700
100
8,522
2,835
800
8. '^l 7.
TotaL
280,909
New York
the past
week have been
aa follows.
Satur.
Mon.
Llveri>ool...
e.
15®13
15®18
Blaaohester
<.
20
20
Havre
e.
28*
28*
Brenieii
e.
30
25
21
15
28
80
30
30
25
31
15
221a
Hambttrg, asked.s.
......e.
Ktwerp
e.
B«val, Indlzeet-.e.
Beval, Tla Canal.e.
Baroel'iia,lBd'r't.e.
0«noa...
..e.
TrlMte
e
Japan (tU 8ae».e
Tuei.
Wednes. Thur$
*yt
15918 15»18 15918 15918
18
28'
18
28"
18
28*
18
28*
30
25
21
15
28
SO
30
30
25
21
15
30
25
80
30
80
25
21
15
28
30
30
22ifl
22ifl
221s
28
21
28
15
28
SO
30
80
30
22is
22ifl
27
27
27
27
27
27
50
50
50
50
50
50
* And 5 per cent.
Qnotatlnne are oents per 100 lbs.
LrvKRPOOL. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
—
Oct.
Salee of the week
bales.
Of whl'h exporters took.
Of which speculators took.
Bales American
Aotnal export
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total import of the week
Of which American
at...
Of which American
The tone
9
37.oub
2,000
1,000
20,000
3.000
37.000
127,000
53.000
17.000
17,000
162.000
141.000
Oct.
16
Oct.
23
Oct.
30
35 not
S5.U00
2,000
35,ui>-
26,000
5,000
46,000
119,000
44.000
42.000
25,00<
24 »"
6,00(
50,00<
70 OOV
28 000
358 000
236 000
3,0~^
1,000
2,000
133,00<
64,00<
71,00<
62.00<
303,00
275,00<
1
0,000
166.000
85 000
102,000
88.000
895,000
365,000
market for spots and futures
each day of the week ending Oct. 30 and the daily closing
prices of spot cotton, have been as follows.
of the Liverpool
4.000
7.000
5,000
500
6,000
6 000
400
674
4000
600
600
600
600
(jnlet at
1(32 pta.
Stron/iat
deollnu.
advauoe.
e^H
pti
pt9.
decline,
1<^-B<)^
IrreR. at Steady ai 8r'ly«t'dy steady at
4iao ptn.
pts.
9itfi pie.
Ha 10 pts.
deollne.
decline.
deol'.ue.
adTanoe.
2®»
atl IrreK. at
Banv,
Steady at Firm at
pt« 5(36^ pu. unchnntr'd '^(a'2>.« nti. I)!(^l3 pts.
decline, la pt5. flcc.l decline.
adTanoe.
advance,
The
prices of futures at Liverpool for each day are given
Prices are on the baais of Uplands, Good Ordinary
clause, unless otherwise stated.
below.
Sat.
24
Oct.
121a
P.M.
Iflon.
Oct
26
Tknra.
27
28
Oct
Oct.
Frl.
29
Oct. 80.
12ia 4 12>fl' 4 t2i«| 4 12i«| 4 121a| 4
M. p. M. P. H. P. H. P. M. p. M. P. M. p. M. p. M. P.M. P.M.
1
p.
d.
d.
d.
d.
40 6 66 5 69
6 35 5 48 5 53
6 30 5 42 5 47
6 2M5 40 5 46
5 26 5 39 5 43
5 26 5 39 6 43
5 26 5 38 5 43
6 26 5 38 5 42
May lane... 5 26 5 26 5 37 5 42
June-July
October..... 6 50
5 35
uot.-Noy
Sov.-Deo... 6 89
Deo.-Jan.... 5 27
J»n.-Feb.... 5-6
Peb-.Mch.... 5 2n
Moh.- April.. 5 25
April-May .. 6 2.^
Ta*a.
Oct.
5
d.
d.
d.
5 63 6 6;
61
6 47 5 47 5 47
5 42 54 5 42
6 40 6 4< 5 40
5 38 6 38 53-1
3^5 Set
38
5 37 6 37
87
d.
d.
d.
5 62 5 59 6
5 47 5 46 6 44 5
6 42 5-40 5 39 5
6 40 ft 38 6 S7 5
5 88 6 3^ 6 3ti 5
6 38 6 se
5 37 6 35 6 35
6 36 6 3 187 5 37 5 35 5 34
5 36 5 87 5 36 5 36 5 34 5 84
•)
d.
561
'I
5
•>
5
6
5
d.
5 71
51 5 67
Ii6
46 5 52
45 6 60
43 5 49
43 5 48
43 5 48
42 5 47
41 5 47
July- Auk.-..
Aug.-B«pt...
BREADSTUFFS.
'
Friday, Oct. 30, 1903.
Only small supplies of winter-wheat flour have been com45,848
15,670 ing forward to the New York market, as relatively better
8,817
Wn-MINOTON— To Llverpool-Gct. 28 Str. Hesleyslde, 10,000. 10,000
HOBTOLK—To Liverpool- Got. 6— Steamer Castano, 1,000
1,000
BOSTOH To Llvei pool— Got. 16— Steamers Sagamore, 500;
Saxonla. 3,00»
3,609
133
To Hamburg- Oct. 26— Steamer Bethanla, 133
Balthioki.- To Liverpool Oct. 23-8tr. Quernmore, 4,797
4,797
PHUwADBLPHIa—To Liverpool Get. 23-8ir. Haverford, 4,«35. 4,83'>
Sab Fsahcuoo— To Japan— Got. 23— Steamer Siberia, 1,600.. 1,600
Cotton freights at
5-74
50
^
Oct.
5-76
1,650
1,250
Got. 2''— Steamer Meehanlolsn. 23,677
Steamer Zeeburg, .•>0u
To Oporto Oct 24— Steamer British Trader, 100
To Baroelona-Gct. 24-8t«am6r Federlea, 6,522
To Genoa-Got. 24 -Steamer Federlca, 2,826
To Trieste Otft. 24— Steamer Federlca, 800
Bbdnbwick— To Manchester Got. 24— Steamer Aeolus,
5-80
2.»ft'2
To Manobe^ter-Oot. 2-> Str Pilar de Larrlnaga, 15.670...
To Hiivre Oct. So Steamer Monomoy, »,136
To Hamburg Oct. 27 -Steamer Ger a aula. 950
Mobile- To Liverpool Got. 9- steamer Meridian, 10,315
To Mexico Oct. /4— Steamer Telofon, 60
Savannah- To Liverpool Got. 24— Steamer British Trader,
Cue axa. 6,212 upland and 1,630 Sea Island
9,944
Got. 27
To Manebester -Oct. 24— BieamerCunaxa, 2,/07
-Steamer Eastry, 3 940....Got 29— Str. Bawtry, 6,733..
To Havre Cot 2»- Steamer Norman Isle. 4,600
To BreoQen-Oct 24-8teamer Anglo-Chlilan, 11,469
To Botierdam-Oot 23- Steamer Zeeburg, 7i'0
To St. Petersburg - Got. 24— Steamer ADglo-Chlllan. 400...
To Antwerp-Got. 28— Steamers Norman Isle, 200
Zeeburg. 400
To Ghent Oct 28- Steamer Norman Isle. 2,180
To Gefle-Gct. 24-8teamer Anglo-Chlllan, 200
5-82
H@2
Llverrool, per steamers Bovio, 2,519 upland
Qeorglo, (addiSea Island -Ceatrlaa, 8 442
ll.sil
500
900
Toronto,
900
To null, per steamer
To Hrtvre, per steamers La Gasoogne (additional), 104
—
72
5
Br'lyst'dy Steady
anrt .^O
tional),
La Lorraine, 600
To Bremen, per cteamero Kaiser. 2=sO....Knrfur8t, 4,190...
To Antwf rp per ctenmer Kroocland, 2,103
To Getlt^. per steamer Nur^e. 100
To Chrisllaiisaiid per steai>'er N'Tge, 175
To Bardclona pe steamer Cape W. Menzell, 100
To Oeco>i, jer steamf-r Friuzess Irene. 4,409
Prlnzess
To Naples per stti-amers NapoUtan Prince, 51
Qnlat.
Futures,
Market
Nbw York—To
afl
rrxttay
Moderate Moderate
demand. demand.
Unlet.
Mid. Upl'ds.
Total balei.
Amount
Tuesday, Wed'day. tnurid'y
-
,
Ohent
1551
prices are being obtained from other markets; offerings
consequently have been small and the tendency of values has
been towards a better basis. Spring-wheat flour has had
only a limited sale to local jobbers as they have been operating on a strictly hand-to-mouth basis. Daring the latter part
of the week advices received from the mills reoorted a large
busioess transacted, presumably for export. City mills have
been in fair demand and steady. Rye fl)nr has been dull
and unchanged. Buckwheat fl mr has been more freely
offered and prices have weakened slightly. Corn meal has
been quiet.
Speculation in wheat for future delivery has been moderately active. Early in the week there was a fair advance in
Supplies available
prices, especially for December delivery.
in the speculative markets for delivery on contracts werelimited, and this bad a tendency to create nervousness among
shorts, and their buyers to cover advanced prices. Subsequently, however, the market turned easier, there being a
natural reaction in prices after the most urgent demand from
December shorts was supplied, and with the lessened speculative demand, prices sagged,
At the lower values exporters appeared in the market as liberal buvers here
and at outports, their purchases on Tuesday and Wednesday
amounting to about 1,000,000 bushels, and this had a steadying influence. On Thursday there was less activity to the
export demand, and with quiet foreign advices and reports
from the interior predicting a freer movement of the crop,
especially of spring-wheat, prices again weakened, especially
for tbe near-by deliveries. To-day the market was quiet but
steady. The spot market was steady. The sales for export
here and at outports were 160,000 bushels.
DAILY CLOSING PRICES OF NO. 2 RBD WINTKR WHEAT IN NETTITORK.
JSat
Mon.
lues.
Wed..
Thurs.
Fri.
87i6
87'^8
8713
Cash wheat f. o. b
8738
8738
8 38
Dec. delivery in elev
May delivery In elev
jQly delivery In elev
87%
83%
Deo. delivery In elev
May dellTery In elev
81 k
87''8
84
8713
8338
8:89
8312
se^a
8338
86%
88I4
8OI4
80
80
80
DAILY CLOSING PRICKS OF NO. 2 SPRING WHEAT IN CHICAGO.
FriTues.
Wed. Thurs.
Sat.
Mon.
81 13
SO^s
SO'^s
8014
8038
7ti38
79''8
7938
79
79
79%
Indian corn futures have received a moderate amount of
speculative attention, but there has been a gradual sagging
of prices. The weather for the week has been favorable
for drying, although on Wednesday predictions of rain, which
failed to materialize, served to bring about a temporary
advance in prices. Advices from the interior are to the
effect that the feeding demand appears to be smaller than
last year, and this, coupled with the fact that a large crop of
corn has been grown, has an unfavorable iuflaence against
values on their present basis. The spot market has been
easier and only a limited volume of business has been transTo-day the
acted here and at outports with exporters.
market was quiet but steady.
DAILY OLOSINO PRICES OF NO. 2 MIXED CORN IN NEIV YORK.
Cash corn
f.
o.
b
Dec. delivery In elev
delivery in elev
May
Sat.
Mon.
Tues.
Wed.
Thuri.
Fri.
52>8
5li«
62
51
49
6l»fl
51^
51%
51%
50%
SQTg
5114
SO^g
4938
4858
48'»is
IN CHICAGO.
Fri.
Wed. Thurs.
45i«
43''8
4a '^e
42''8
4Sis
43
42B8
431*
42«^
49ifl
4658
DAILY CLOSING PRICES OF NO. 2 MIXED CORN
Tues.
Mon.
Sot.
Deo. delivery In elev
May delivery in elev
July delivery
elev
m
4458
43»s
4*i8
43
43%
42%
42%
4238
THE CHRONICLE.
1552
OatB for f ntnre delivery at the Western markets have been
moderately active. Prices for the week show a fractional
Weather conditloDs have been favorable for a fnll
decline.
movement of the crop, and with only a moierate trade demand the market has shown a tendency to sag. Locally the
spot market has been fairly active at steady prices. To-day
the market was qalet and easier.DAILT CLOSINO PKIOBS OF OA.TS IN NEIT TORK.
TAurs.
Sat.
Mon.
Tuts.
Wed.
4-2
No. 2 mixed la el ev
42
42
42
42
No. 2 white In elev
Fri-
42
43 k
43i«
43i«
43 la
4S><
431s
DAILT CLOSING PBICE8 OF MO. 2 MIXED OATS IN OHICAOO.
Thurs.
Tuts.
Wtd
FriSat.
Man.
36I4
3t>i4
Oct. delivery In elev
36>«
36 «»
35%
363s
36>4
35!>g
Deo. delivery In elev
3608
Zb''»
36
oG\\
May delivery In
37i6
elev
36ts
36^8
36'«
aO^B
Following are the closing quotations
FLOUB
'«^3
1
60
lt5 40
®3 60
'92 40
25
75
25
15
'a>i
05 a>3 10
10 '93 15
0.
51
f.
o,
o.
®53
b.51%
f. o.
b 54>4
f. o.
b.51%
56%«61
56 'a>s9
50 ®82
42i6»47
Exports of Brain and Flour from Pacific Porta.— The
exports of grain and flonr from Pacific ports for the week
ending Oct. 29, as received by telegraph, have been as
follows: From San Francisco, Oct. 24, to the Cape, 193,000
bushels of wheat, and to China, 27 000 bbls. of floor: from
Portland, Oct. 24, to the United Kingdom, 100,000 bushels
of
wheat.
figures with those for previous weeks, we
bave the following, which covers the exports to foreign
countries for the period since July 1, 1903, comparison being
made with the corresponding period of 1902.
Oats,
Awportt
Wheat,
Com,
Bartey,
Hour,
Bye,
Combining these
from—
busk.
7,398
7,400
busk.
bbU.
Ban Fran.
372,256
PngetB'd.
PortUnd..
316 000
229,700
991,000
196,800
496,000
Total....
917.9S8
1,682P00
Tot 1902.1,056,077 7,901.906
For other tablea asnaily
bush.
arlven
bush.
bush.
41,350 3,868,<'00
119,000
34,000
99.000
363
160,350 4,001,000
863
514.688 5,188,570 111,205
14,793
4.755
Last week's business for export appears to have exhausted
the China demand for four-yard sheetings for the time being, no further purchases being reported this week.
More
buying on the part of the home trade of brown cottons has
made amends for this, some good-sized transactions being
put through at firm prices. A slight improvement in the demand for ducks is reported; brown osnaburgs continue quiet.
Business in bleached muslins and cambrics has been of
moderate extent, but prices are maintained in fine medium
grades, of which there are only limited stocks on hand. Low
grades show some irregularity. Wide sheetings, sheets and
pillow oases are very firmly held and frequently sold ahead.
Danins have shown some improvement in demand at steady
prices.
Ticks are firm in desirabls qualities. Plaids also are
firm, being generally well sold up. Other coarse, colored cottons
are quiet and unchanged in price. Cotton flannels and blankets
are without special feature.
fair business in printed
calicoes is reported for export, but home buying has been
confioed to limited quantities. Stocks in first hands are well
under control and prices are firm. The market for staple
and dress style ginghams is in very satisfactory condition,
the demand keeping stacks clean and prices firm. The tone
of the market for print cloths is firmer, with more doing in
odd goods at an oocasional advance of l-16c. Ragulars are
quiet but very firm at 3)^0.
Woolen Goods.— The reorder business io men's wear
woolen and worsted fabrics in light-weights makes but slow
progress, the business done this week showing only a slight
increase in volume. Clothiers are still complaining about
late deliveries of sample pieces on early purchases retarding
their operations in made-up garments and preventing them
from fairly testing their trade. This is doubtless telling
upon the demand for piece goods. There is nothing more
satisfactory than of late in the worsted goods situation. The
demand is poor but there is so much curtailment of production of men's-wear worsteds that stocks are not accumulating to any extent. Such goods as are on hand are, however, very Irregular in price. Leading lines of staple and
fancy woolens are in good condition and steady In price.
Complaints of unsatisfactory business in overcoatings are
still numerous, the demand continuing Indifferent and prices
An average business for the time of year is reirregular.
ported in woolen and worsted dress goods, with a generally
firm tone in the market.
Foreign Dry Goods,— Fine grades of woolen and worsted
dress goods, both plain and fancy, are in fair demand at
Basiness in silks is dull and prices without
sellers' prices.
improvement. Ribbons are generally slow of sale and irregumoderate business is passing in linens at full
lar in price.
Burlaps are firm and in improved request.
prices.
A
Patent, winter
95
$4
3-3 10
City mills, patent. 4
Ryeflonr.snpertlne 3
3 '.O -ffj 20
Buckwheat floor.. 2
E.xtr», No. 1
3 25 ff 40
Corn mealClears
3 50 -3-4 15
Western, etc
3
Straights
4 00 'if 4 65
Brandywlne
Patent, spring
3
4 75 a«5 45
GRAIN.
0.
Corn, per bush—
Wheat, per bnsh—
c.
Western mixed
t. 0. b
H Dnl.No. 1
No. 2 mixed
N'thern Unl.. No. 1. t.o b9l%
No. 2 yellow
Red winter, No. 2.. t.o b.87»«
No. 2 white
N'thern Dul.. No. 2. t. 0. b.9034
0»t«— Mixed, p. bnsh. 40>«®t3>fl| Rye. per bash—
Western
White
42 ®46
42 '313
State and Jeraey....
No. 2 mixed
'S'44
Barley—
43
West
No. 2 white
Feeding
$2 90
2 95
Fine.. .,-..
Snperflne
Extra, No. 2
36>s
:
[Vol. lxxvii.
here see pase 1310.
A
Importatlona and l¥arelaoase W^ItMdravrals ot Dry Oooda
The Importations and warehouse withdrawals of dry goods
at this port for the week ending Oct. 29, 1903, and since
January 1, 1903, and for the corresponding periods of last
THE DRY GOODS TRADE.
New
York, Friday, P. M., Oct. 30, 1903.
There has been an increase in the volume of business done year are as follows:
io cotton goods this week, and it shows that at least some
buyers are more willing to purchase ahead than they have
been of
of considerable extent
late, transactions in staples
•SO
£<: o?'^
and including deliveries during the next three months coming
St
more frequently under notice. Efforts to secure concessions 4 Of
St
in prices are still made, but the past week's doings have
• •
shown sellers firmer in attitude than before and more willingB|
i!•
r
nees on the part of some large buyers to pay current quotations.
It is evident that the raw cotton situation is telling upon
00
OD
sentiment more strongly, that expectations of lower prices U
for cotton goods are being abandoned, and that if it were not OS
for the check held upon operations by the financial division,
1department buyers would more generally increase their
orders beyond current needs, to which so many of them are
still confined.
In some lines slight advances have been
(OOD
secured, and the irregularity lately existing in others has
been eliminated. The market for woolen and worsted goods 00
has been quiet in all departments. The piece-silks situation
M
continues UDsatisfactory; the current demand shows no improvement and prices are weak and irregular. The jobbing M
trade here and elsewhere is qmet, and complaints are heard
M eOKa
of ooUections not being up to the average.
S
i
i
!
i
i
!
I
!
04
!
i
I!
•
i
I
a
i
d
!
!
CO
ao
9 0(0(00
8,1185,789
M
2
M
M
09
M
eeb(o'<i«fl
UKOODCO A
158,495 289,370 625,19043>,741 189,263
166,734
89,973 56,715 68,994
'to
to
en
92.670
406,9R6
i^eo
«w
8,828
21,57312,739
cues
«)to
•OIS
24,108 14,474
CO
9,649
12.6S5
ODooc^oa)
MCOtOM
•4«0W<ip
N«w YoBK
1903.
TO Oct. 26.
trssk axnec^an.i
OrAatKrltaln.
„„..,.,
Other nropean........^..
^
(Jhlna
'»"•*
.
,
,,
rabla
..«..
Atrlea
^..
Weit iBdlea...^.. ..^ ..^ ^..
Mexico
^ ...^ ...^.
0«mtralAmerlo»....
~^..
fOBth Amerlea.....
...m..
6
8
"85
'"125
—
55
272
619
80
OtharConntrlei...^....^.
1,549
1,128
112,702
11,916
31,925
8 095
23,285
2,618
9.898
48,869
8,737
Week. Mines /an.
26
447
1,766
1,000
101,683
19,089
2,677
2i,l.'i3
819
814
10.879
19,746
1,860
8,344
44,133
11,670
8
2,027
3
297
1,216
217
"- Oir-> C^ 1^
to -n to K) CC
MM
(0»
aocooDH
(3
Ol_(0
MM
t<3«>.UOO
oo'o
toto
7,6391,879
OOMMC^IS
fOC^QDOO
>aw
(4
WA
t3 <C
aoMO<^o
b
06
9,474
OD
«to
COOOMOOO}
M»
Ci9^(oa<ao
•-•ta^ciica
<->
«k(a
«kCO
OICO
tooo
The value of thme
1,210
New York
has been 111,875,280 in 1903,
260,619
8,051
240,828
exports since Jan. 1 to date
against 111,093.169 in 1908.
^) 0*
(0
00
I
I
osto
b 00
I
CO
J
-.^ I-"
w
.7J<*i5P.^
-jba odVj
V
a CO
tat-'
MM
O"
cji*.
O
-low
I
3
»a
C0QDQDK3
CCOOCOMO)
<^*.COU<M
MMj^WOa
ODOi
{
Total
i-'i^i^i^
bb 00 00 «5
b
M i^coatoM
J??
CO
coooosi^oe
00*
MMOJifcM
^CC^cnCO
CO Si
1
I
I
oobb^b
omcooioj
OCO ocosi^Mao
boo ^"*.wVob
coc»
(O — COOM
i
loco
KlCSMjOMW
CO
bbbb
«0l»(»^^»
OCW^OOM
-.jCKQoacd
OOM
OOM
•3
00 to »a 1^00
00 CO
170,257
17,997 13.058
>^
!
000
l(^
11,046
MW(0MO
poo 000^
b*' 'm^VjIoo
to
363,162
445,256 221,832
Oeoscocx
•
A
I
1,671,088
§
«D00C3O<O<«f»
J^pOMM
oDos"— oob
CO 00
b
09
*ta
wO
OlOb
CD
»0
oMtobla
floVojwtp
*> CO!-'
OOtOOO;-!
oaco»-oa*J
e
1908.
j
(300
WCJt
00,.'
II
loVjMwb
OMMQ0(K
247,006
272,385
I
packages, valued at |80,609, their destination being to the
points specified in the tables below:
(O*
OCO^O^
uj o »a_-4 m
-ao
00
C0
13,062
—
2
1,543,009
221.617 136.220
106,652 164,506118.674
Domestic Cotton Goods. The exports of cotton goods
from this port for tbe week ending Oct. 26 were 1,210
•
iiMT
!
*•
10,218
•
if
I!
m
•
8,118
479,577 332,857
i
>
>
i
!
gcrssg
SiiTia
liiii:o
m
I':
•
I
(Oi(^(oa»3
OIQ0-4C0CO
(0
0>
I
oob (oboo
N-OOCOCn
Moo(o
00
00
ap
^
Vmomw
o -4 00 V cow
^3
_
«o
;
WMl*>'»Oj^
bbcoot^
c^
1^
00^00
-qMC;ib3-a
—
Oct.
—
:
THE CHRONICLE.
31, 1903.]
1553
the State Legislature, for the reason that the "Aot is
directly within the condemnation of the Court ot Errors and
A(ipea)8 in their recent decision setting aside the school law
of 1902 as unconstitutional." Ttie Miller bill sought to validate school districts composed of different municipalities
formed nnder the so-called McKee school law, which was
JIxjC
declared unconstitutional by the above-mentioned court.
See V. 77, p. J-61. The "Miller bill" must not be mistaken
PUBLISHED WEEKLY.
for the general school law (or "Colby bill") passed at the
Terms of Subscriptiou— Payable in Advance
fame secsion of the Legislature. The "Colby bill" was ap$10 00 proved by the Governor on Oct. 19, 1903.
For One Year, tnoludlng all Sopplkmknts
6 00
For Six Months
Portland, ^e.— City Treat^urer to Retire.— ilr. Geo. H.
13 00
Kiiroi>ean Subscription (Including postage)
7 50 Libby, Treasurer and Collector of Portland, has decided to
Buropean Subscription Six Months (including postage)
Mr. Libby has served his
retire from office on Dec. 31, 1903.
thirty-nine years of conThe Railway and Inddstrial Section, Issued quarterly, la furnished city long and faithfully, having seen
wthoui extra charge to avery annual subscriber ol the Commercial and tinuous service in various capacities.
Financial Chronicle.
Appeal Taken in Water Bond Case. The
Topeka, Kan
,,
The STATU AND CiTY Sectlou, issued semi-annually. Is also furnished decision of the District Court (see V. 77, p. 103), in favor of
without ejcira harge to every subscriber ot the Chronicle.
The Street Railway Section, Issued three times h year. Is likewise the legality of the proposed issue of $350,000 4^, water bonds,
fnmlshed tcithaut etira rluirgt to every subscriber of the Chronicle.
has been carried on appeal to the State Supreme Court. The
The Bank and Quotation Seoiion, Issued monthly. Is also furuashed appeal was filed in that court on October 22.
Chronicle.
yeittiout extra charge to every subeorlber of the
\f€»t AlWs, Yi is.— Bond Litigation. — Sxxit prevented the
issuance of the $60,000 water and $50,000 sewer bonds voted
Terms of Adrertising—(Per Inch Space).
at the election held July 80. The action was brought by
Trmnslent matter (each time) $4 20 Three Months (13 times)... $29 00 F. W. Henderson, who claimed that the election was not
Six Mouths
(26 times)... 50 00 held according to law, in that 10 a. m. to 4 p. m. were the
standing BISINKS8 CARDS.
$22 00 Twelve Months (52 times)... 87 00
Two Mouths (8 times)
hours during which the polls were open, whereas the law
says that in counties with a population of 200,000 or over
WIL1.1.4iTI B. OANA COMPANY, .PubHnlierB,
the hours shall be from 6 a. m. to 7 P. M. Mr. Henderson
Pine Street, corner of Pearl Street,
also claimed that the new issue was ^oid inasmuch as it exYORK. ceeded the limit allowed by law. These contentions were
Fo«T Offiob Box 958.
upheld by the Court,
A new election was called for Sept. 8 to vote on issuing
Index.
150,000 sewer and $25,000 water instead of the $110,000 bonds
An index to all the news matter appearing in this Depart- as above, but this election resulted in 188 votes being cast
ment for the period from July 4, 1903, to Mept, 26, 1803. in- in favor of and 203 votes against the issue.
third election was held October 19. This time the propoclnsive, was published in the Chronicle of Oct. 8, 1908,
sition was for $50,000 water and $20,000 sewer bonds, but
pages 854, 855 and 856.
this election also resulted asrainst the issue.
BtMt
A'H^
City Dj^^/^btm^wt.
(Thvouiclje.
—
NEW
A
News
Items.
Ctlina, Ohio.— Bonds Invalid.— The Federal Conrt at Toledo has declared invalid an ispue of §15,000 6^ bonds pnt cut
in 1880 in aid of the Toledo Delphoa Sc Burlington Railroad
Company, holding that the law under which these bonds were
issued was unconstitutional and that like legislation had
been declared unconstitutional even prior to the enactment
of that law. The suit was one brought in October, 1901, by
the Eistport Savings Bank of Eastport, Me., which inetitu
tion owned |8,500 of these bonds.
Chicago, Vi\.— Municipal Ownership to be Voted Upon.—
The City Council on October 19, by a vote of 66 to 0, passed
an ordinance .providing for the submission of the so-called
Mueller Municipal Ownership Act to a vote of the people at
the election April 5, 1904. This Act provides "That every
city of this State shall have the power to own, construct,
acofuire, purchase, maintain and operate street railways
within its corporate limits, and to lease the same or any part
of the same to any company incorporated under the laws of
this State for the purpose of operating street railways for
any period not longer than twenty years, on such terms and
conditions as the Council shall deem for the best interests of
the public."
ClarksTllIe. Tenn.— S«tf to Prevent Bond ZssMe.— Suit was
instituted on October 17 in the Chancery Court by the Red
River Iron Co. to prevent the issuance of the $100,OCO bonds
voted Aug. 3, 1901, as a subscription to the stock of the
Clarksville RR., now Tennessee Central RR,
Nashville
The bill is a lengthy one and many illegalities are alleged.
Cooneeticat. St, Louis Terminal Association Bonds Legal
for Savings Bank$. William A. King, Attorney-General, in
a very lengthy opinion just furnished to the Bank Commissioners, held the Terminal Railroad Association of St. Louis
general mortgage refunding 4^ sinking fund gold bonds of
1053, and the mortgage bonds heretof ore issued which said
general mortgage bonds are to retire at maturity, valid investments for savings banks of Connecticut. K'a
These bonds, it will be remembered, together with bonds
of three other roads, were added to the investment list by
Chapter 147, Laws of 1903. Some doubt arose as to whether
the bonds of the Terminal Association complied with all the
conditions of the Aot, especially as this corporation is not a
dividend payer. For that reason the Bank Commissioners
asked the Attorney-General for an opinion on the subject
The stock of the Terminal AsEOciation is owned by fourteen
companies who practically fix, it was alleged, the charges
against themselves for using its terminal facilities, and, if
dividends were paid, they would only go back to the companies from whose treasuries they had oome in the shape of
charges. Ttie Attorney- General holds that the plain intent
of the Legislature was to admit these bonds as legal invest
ments, and that the paragraph making the payment of dividends a requisite does not apply in this instance.
Denver, Colo.— Election to Elect Charter Delegates.— The
Board of Aldermen has fixed upon December 8 as the date
on which to hold an election for delegates to the new cbar
ter convention. As will be remembered, the charter, which
was drawn up some months ago, failed to be adopted at the
election held Septemoer 22.
&
—
New Jersey.— lfi//er Act Vetoed.—The Governor
vetoed the Miller
bill
has
passed at the recent special session of
Bond Calls and Redemptions.
Fifth Loaislana Levee District.— Bond Call.— J. T. McClellan. President Board of Commissioners, calls for payOrleans National Bank, New
ment November 8 at the
Orleans, bonds Nos. 316 to 874, inclusive, for $1,000 each, and
Nos. 51 to 70, inclusive, for §500 each. Securities are dated
Nov. 8, 1893.
New
New Orleans, La.— Prcmiwm Bonds Drawn.— The following premium bonds of the city of New Orleans were drawn
by lot on Oct. 15, 1903 (for payment Jan. 15, 1904), this being
Series 112, 624. 748,882, 904, 1021,
the 112th allotment:
1480,
3593,
6175,
8208,
Series Nos. 6734 to 10,000
1067,
2459,
5477,
7891,
1247,
2624,
5677,
7951,
1391,
2918,
5847,
8082,
1404,
3467,
5915,
8103,
1648,
3768,
6474,
8377,
were
1816, 1817,
4821, 4834,
7074, 7148,
9091, 9698,
never issued.
1707,
4526,
8786,
8880,
1856,
5258,
7768,
9767,
2100,
5296,
7810,
9785.
Lonis Connty (P. 0. Duloth), Minn.— Bonds Canand
This county has canceled $80,000 i}4i road
bridge bonds issued in 1891 and maturing in 1911; also $3,000
ii road bonds maturing in 1916. Both of these issues were
St.
celed,
—
held in the sinking fund.
Bond Proposals and Negotiations this
week have been as follows :
Alamance County (P. 0. Barlington), N. C— Bonds Reawarded,— We are advised that the $50,000 5i 30-year bonds
awarded last May to N. W. Harris & Co. New York City,
,
have been re-awarded to C. A.
Webb &
Co. of Asheville at
102 70.
Alexandria, Oat.— Debenture 8ale.—0i the $3,644 local
improvement debentures offered on Oat. 15, $3,589 were
awarded to Geo. A. Stimson & Co. for $3,705 and accrued
interest.
Securities mature part yearly for thirty years.
Allegheny, Pa.—-Bond Issues.— The City Council, recently
passed ordinances providing for the issuance of the following
bonds:
*ai.t43 i% Shady Avenue Improvement bonds. Bate, Oct. 1, 1903. Maturitr.
Oct. 1. 1908.
Fleming Avenue improvement bonds. Date, Nov. 1, 1803. Matur28,040
ity, Nov. 1. 1908.
«
Interest will be pavable semi-annually at the office of the
City Comptroller. Under the ordinances these bonds are to
be issued and sold to the Sinking Fund Commission at par.
Alliance, Ohio.— fionds Propossd— The issuance of $21,600 refunding bonds is being considered, according to local
papers.
Appanoose County (P. 0. Centerville), lows.- Bond
K.ecEaon.— An election will beheld in this county, it is stated,
to vote on the question of issuing $20,000 additional courthouse bonds.
Ashland, Ohio.— Bond Sate.— The highest bid received
October 26 for the $17,000 5i town-hall repair bonds described
in V. 77, p. 851, was that of the First National Bank of Ashland at 103'765. The bids follow
:
First Nat, Banlj, Ashland.
W
. .
J H«yes«son»,Cieve....
Holzman *Co.. Cm,.
Harris *Co., Chicago..
Well. Both 4 Co., Cincinnati.
Fader,
N
W
F. L. Fuller
& Co.. Clevela^id.
W.R.Todd*
Seasoneood ft Marer.Cin....$ 17.321 00
17.6f)0 -O
Lamprecht Bros. Co..CleTe.. 17,191 00
17,350 00 Nqw Ist Nat. B'k. Columbus. 17,175 00
Toledo...
17.138 00
Spltier&Co..
17.2>-a 20
I'.27o00 Union Sav. Bank &Tr. Co.... 17,060 00
17,017 00
17,260 00 S. A. K.ean, Cmcaso
.$17,640 00
Co., Clnoln.... 17,26501)
THE CHKONICLE.
1(^54
[Vol. lxxvii.
I
AstalHiid, Ore.— Bonds Voted,— Tbia city on October 19,
Bucke Township (P. 0. Haileybury^ Oat.— D-benture'^ f
by a vote of 416 to 89, authorized the issufince of §30,000 ferivg, Proposals will be received until November 12 by \
sewer bonds. Details of this issae have not yet been decer- McQuarrie, Township Clerk, for $3,500 6^ bonds, maiurmlnpd.
part yearly for twenty years.
tiond Issue Evjoinei.—We are adviseil
Ata^C'^sa County, Texas.— Bonds JVof Yet Ready for InsuBarliiigtoii, Yt.
We are alvised that the details of the $5il,0i)0 road that an injunction has been served on the Miyor and Treasj
ance.
bonds, voted some weeks ago, have not yet been dMtermlned, urer restraining them from issuing the |58.00u S^^i electric
other than that tht-y will carry 4< Interest. The present light bonds, bids for which were to have been opened to day
bonded debt of the county is $'34,500. The assessed valua- It is claimed that the Aldermanic meeting at which these'.
tion is 1^,660,440. J. K. Liwhon is County Treasurer
bonds were authorized was illegal. The matter now rests,
Atldut >;{}A.—Bcmd Offering.— The issuance of |399 000
our informant adds, until a decision is received from the
gold bonis to refund a Ike Hinmnt of 7 per oents due Jan. courts.
Proposals for these bonds will
1, 1904, has been authorized.
Castro Yalley School District, Aliimeda County, Cal.—
bie received until 18 M., December 1, by J
H. Qoldsmith, Bond Sale, It is stated that on October 2 an issue of $6,000
City Comptroller. Denomination, $1,000. Dite, Jan. 1, 1904. 5i school bonds was awarded to the Bank of Haywards at
Iniere^it semi-annually in New York City and Atlanta.
Ma- 105.
turity, Dec 31, 1933. Certified check for d% of the par value
ChaseClty,Ya.—BoadsiVbtSoW,— The $20,000 6* 20-year
of bonds bid for, payable to Tbos. J. Peoples, City Treas- gold street improvement bo ads described in V. 77, p. 659,
urer, required. Bonds are exempt from city taxes,
and offered on October 12, were not sold. This is the second
Ballard, Wash.— «tmd Sale.—Oa Oct. 24 |flO,000.; 20year time these bonds have be^^n offered without successfunding bonds were awarded toN W. Harris & Co., Chicago,
Cheney, Wash.— Bond El>'otion.— O mag to sotne irreguat 103'296 for 5 per cents. Denomination, $1,000. Dated, Nov. larities in advertising the former election, the proposition to
loterest, semi annual.
iesue $8,000 6% 20-year water-works b mds will again be sub2, 19('.S.
BalUton Spa, N. Y.—Bond Sale. On October 26 this vil- mitted to a vote of the people on November 18, The first
lage 80id at par to local parties an issue of |7,0fl0 d}4i 17- ele tion was held on Auscuet 8.
year (serial) water bonds dated Nov. 1, 1908. Interest will
Chicago (III.) Siiuilary District.— Bond peering.— Proposals; addressed to the Board of Trustees of the Sanitary
be payable annually at the office of the City Treasurer. Da
nomination. |^00.
District of Chicago will be received until 1 P. M., November
Barberton, Ohio.— Bond 0#ertng.— Proposals will be re- 18, by 8. D. Griffin, Clerk, Room 1110, Security Building,
ceived until 7 P. M., November 16, by W. F. Robison, Vil- Chicago, for $1,500,000 4« bonds. Denomination, $1,000.
Date. Dec. 1, 19 3. Interest s<-mi-annnally at the office of
lage Clerk, for the following bonds
—
^
j
j
\
H
,
—
—
:
916,000 B« fire-flepartment bonds. Deanmtnatloa, $750. Maturitj, $750 yearly
on S^pt. l from I9114 to 1H23, inclusive.
60.000 b% water- works bonds. Denomination, $3,000. Matarity, 13,000 yearly
on Sept. 1 iTom iwot to Ivm, lucluaive.
Securities are dated 3-»pt. 1, 1903. Interest semi-annually
at office of Village Treasurer. Authority, Sections 2835,
2886 and 2837, Revised Statutes of Ohio. Bids to b^ unconditional and proposals for each issue must be accompanied
by a certified check for $500 or else cash for that amount.
Accrued intert-st to be paid by purchaser.
A
Barhoarsville, Cabtll Chanty, W. Ya.—Bond Offering,—
Proposals will be received until 12 m., Nov. 9, by the Common
Council for $1,600 6l coupon bonds. Denomination, $100.
Trust Co.,
Interest annually at the Union Savings Bank
of Huntington. Maturity, thirty years, subject to call after
M. Ayers is Village Recorder.
ten years
Batesville, Ind.— Bond tiale.—Oa October 26 |3,fl00 4%
&
R
water-mam-extension bonds were awarded to J. F. Wild &
Co., Indianapolis, for |2,900. Denomination, $300. Date,
Feb.
Interest, semi-annual.
1, 11^03.
Maturity, Feb.
1,
1923.
Bf^df .rd Srh lol District No. 13, Westchester County, N. Y.
Bond Offering. Propo^'als will be received not later than
Nov. 1, by Edward G. Bates, Trustee, at Bedford Station, for
$5,000 5«; 1-20-year (serial) bonds. Denomination, $250. Date,
—
—
Nov. 1, 1903.
BelleTue (Ky.) School District.— Bond Btection.—At the
election Novemoer 3 the question of issuing $40,000 building
bonds will •^e submitted to the voters
Benton Harbor, Aicb.— Maturity of Bonds. — In reporting
week the sale of $50 000 42 park bonds, the maturity wa')
inadvertently given as $5,000 yearly on July 1 from 1924 to
last
1938. inclusive, whereas it should have been $5,000 yearly on
The city received par for these
1 of those years.
they were awarded havbonds, the Boston parties to
January
whom
ing paid $46,()00 for the same and the Benton Harbor Development Co. making up the |4,000 difference.
Berkshire Coauty, Mass. Sid,".- Following are the bids
received October 2U for the $50,000 4$ refunding bonds awarded, as stated last week, to Jackson & Curtis of Boston at
—
10141:
101*41
Jackson A Curtis. Boston
Worcester N.irth Saviogs Instl...101-30
tution, Fllchburn
I
j
i
Burnett,
Cummlnes &
Day &
tt.
L.
K.
H. Kollms
Co.,
*
Co., Bo8t.l00'59
Boston
Sons, Boston.
W. tlarrm » Co., New rork..l01-l97 S A. Kean, I'hiCPto
''"
K'>»ton..l0()-l-27 Sonth Adams Sav. Bank
Merrill, Oldham
N.
100 397
..li)i'142
100-043
I
Is.
Blake Bros,
a Co.,
.
i
Boston
100S4
BloOKei. .viernliAOu.. tiusix>n..lOO'7tfe
($6,000
due l»Oa)
100-25
I
Blackdack Independent School District No. 60, Beltrami
Coanly, mau.— Bonds Not Sold—The $5,000 5« 10 year
bonds offered on October 21, were|not sold. See V. 77, p. 1251,
for description of bonds.
Blasdeil, Erie Coauty,
N.
Y.—B&nd Sale.—The
$30,000
water boiids offered by this village on October 20 have been
awarded to the Baffilo Savings B:ink at pir and interest for
Denomination, $5ij0. Date, Oct.
4 per cents.
Maturity, $1,600 yearly
terest, semi-annual.
from 1908 to 1927, inclusive.
1,
1903.
In
on October
*
Hemll. Olonam
New York
Co..
& Co..
Boston
Worcester Nurih daviiijrB Institution
Blake Bros * Co., B stou
N. B. insiuuii'io for Savings
Esiabr o* i Co Bi'Ston
Tolman & Tapper, Boston
B. L. l>afA o.. B .slon
8. A. Kaan, Chlcauo
*
$^0,000
Bridge
note.
note.
100-.18
lore37
100-258
forall
•
$10,000
Bridge
m 0'579
'
l01-()6
100-752
'
.
I.ohi<K.
$60,000
Duilrlinij
nnlex.
for
for
all. 100-53
all, li,0-l0
'
'
100-42
100-it19
lOi 18
101037
*100-i37
luo-897
<-for $100,003 as advertised, 100-25-'
Bid ba^ed on $2 <,0'0bon(lias advertised; only $10,000 was awarded.
The bonds
New
York.
($'(i0,000)
were awarded to Farson, Leach
& Co.,
A
—
—
—
O
;t.
1.
1903.
0. Chicago), 111.— Bond 0/ertng.— Proiv^moer 5, by the
posals will be received until 1:30 P. M
Board of Commissioners, at the office of William McLaren,
Superintendent of Public Service, for $625,000 if gold bonds,
"Series Q." Securities are part of an issue of $1,250,000
bonds voted at election held June 1, 1903, of which -$625,000
was awarded on July 6. Denominations, 420 bonds of $1,000
each and 410 bonds of $500 each. Date, July 1, 1903. InterMaturity
est semi-annually at offi^je of Connty Treasurer.
yearly on July 1, $31,000 in even years and $31,500 in odd
years from 1904 to 1923, inclusive. Certified check for 2% of
bid, payable to Henry Q. Foreman, President Board of Commissioners, required with bids for each issue.
Corning, Ohio;— Bond Sate.-Oa October 26 the $7,000
water works bonds described in V. 77, p. 989, were awarded
Following
Co., Toledo, at 106 81 and interest.
to Spitzer
are the bids
Cook Connty (P.
,
N
H
&
Spitzer
&
Co..
Ncwlat Nat
$7,477 00 state Say. Bank Co., Toledo... $7,257 60
Toledo
Columbng.. 7,450 00 Lauiurechl Bros. Co., Cleve... 7.20100
B'k,
UonlHOD, Prior A Co., Cleve7.S33 60
land an« Boston
7,28600
W. a. Todd &Co..Clnoln
1
Brlsiol loauty (P. 0. Tannton), Mass.— Bond Sale.— The
following bids were received Oct. 28 for the three issues of
4<f notes described in V. 77, p. 1315:
Farson. Leach
the Treasurer of the Sanitary District at Chicago. Maturity,
175 000 yearly from Dec, 1, 1904, to Dec. 1, 1923. Cash or a
certified check of Bi of the amount of the bid, payable to the
order of the Clerk, is required.
Chinook, Mont.— Bond Sale.-On October 28 the $96,900 di
14-20-year (optional) water bonds described in V. 77, p. 989,
were awarded to Stephen Carver at oar and interest'
bid
K-s^iU of Chicago.
of par was also received from S,
Pfopostls will be reCiihien, Oat. —Diibeature Off ring,
ceived until 12 M., November 6, by Josepn R. Warren, Village Treasurer, for $5,000 ii school bonds maturing part
yearly for thirty years from Sept 2, 1903.
CoilinSTille (Texas) School District.— Bonds Voted.—
This district on Ootober 17 voted to issue $10,00i)«chool-house
bonds.
Coiambia, Mo. Bond Election, An election will be held
November 10 to vote on the question of issuing $100,000 5%
6-20 year (optional) bonds for the purpose of acquiring by
pur base or construction a municipal water and light plant.
Colambas, Ohio.— Bond dale.— The $350,000 i% 10 30-year
(optional) sewer bonds (two issues) offered by the Sinking
Fund Trustees on September 18, but not sold, have been
awarded to the new First National Bank of Columbus at par
and interest. These are not new issues, but bonds held in
the sinking fund as an investment. They were described in
V. 77, p. 659.
Bond Election, November 3 has been fixed upon as the
day on which the question of issuing $1,200,000 sewnge-disposal bonds will be submitted to a vote of the people.
Conrad School District No. 10, Tetoa Coauty, Mont.—
Bond iJo^c— The $2,500 6« 10 15-year (optioual) school-house
bonds offered on September 26 have been sold to the Union
Bank & Trust Co., Helena, at par. Securities are dated
...
7,15100
Dresden Nat. Bank, Dresden.
7,026 00
Klrst Nat. B'k. Barnesvllle
Crookston, Polk County, Minn —Bond OJ'ering.— Proposals will be received until 2 p m., November 80, by W. H.
Graver, City Clerk, for .$3.5,00J 6^ coupon paving bonds. AuD-snominations, $100
thority, Chapter 235, Laws of 1895.
and $500. Date, Dec. 1, 1908. Interest annually at tne office
Maturity, $3,500 yearly on December
of the City Treasurer.
Certifi-id check for 5i of
1 from 1904 to 1913, inclusive.
bonds bid for, payable to Hugh R. Robertson, City Treasurer, required.
Dadevilie, Ala.— Bond Sale.— Oa October 15 the $10,000 5%
gold electric- light bonds described in V. 77, p. 989, were
awfl^rded to Thos. S. Sturdivant of Diieville at par.
Da) ton, Ohio.— Bond Sale. -Oa October 24 the $221,000
1-22 year (serial) bridge bonds described In V. 77, p. 989,
Co. of Boston at 101 '917 and
were awarded to R. L. Day
H
&
— —
1
Oct.
THE CHRONICLE.
31, 1903.
H
from E.
Rollins & Sods,
BostOD; N. W. Harris & Co., ChicHgo; Seaaongood & May^r,
Cincinnati; Farson, Leach & Co,, Chicago; Denison, Prior
Co,, Cleveland and Boston; Cincinnati Trust Co., Cincinnati;
Co., CincinW, R. Todd & Co.. Cincinnati; Weil. Roth
nati; W. J. Hayes & vSons, Cleveland; Merrill, Oldham &
Co., Boston, and Er<tabrook & Co., Boston.
Delatrare Conuty (P. 0. DeUi»a'-e). Ohio.— Bond Offering.
—Proposals will be received nntil 2:30 P M., November 10. by
the Beard of County Commissioners, at the tfice of Frank
Warren, County Auditor, for |46,600 6<J road bonds. Denominations, forty bonds of |1,000 each and ten of |660 eacd.
Date, Sept. 1, 1903. Interest semi-annually at thecffic© of
the County Treasurer. Maturity, $3,000 yearly on March 1
and 12,660 yearly on September I from March 1, 1904, to
Sept, 1, 1913, inclnsive. Either cash or an unconditional certified check on a Delaware County bank in the sum of |l,000
required. Check to be made payable to the County Auditor
Delta, Colo.— Bond* Voted.~By a vote of 9B tor to 6
against, this place recently authorized the issuance of |80,000 water works bonds.
Pepere, VilB. — Municipal Ownership of Water-Works Defeattd.— This place on Ootober 20, by a vote of 137 to 196,
defeated a proposition to purchase the plants of the Artesian
Water Supply Co. of Depere and of the West Depere Water
Supply Co. These companies ofifered to sell their plants for
interest. Bids wf>re also received
*i,
&
!
uj
&
(
1555
JaneaD, ^l».— Bond Sale. — This city has sold to the CitiBank of Jnuenu at 100 879 an issue of $3,600 5$ waterworks lionds. Denouiinatlou'i, $500 and $1,000. Date, July
Interest, annual. Mituritv. $500 in 1904 and $1,000
15, 1903.
in each of the years 1905, 1906 and 1907.
Kouchlchiug, Itaica County, .niaa. —Bond^- Not Sold—
Hond offering. -The $6.000 6^ 20-year bonds of this town
offered on Ootober 17 were not sold. Propojials are again
asked, this tim^* until 13 M,, Dect-moer 12, by Matt Donahue,
Town Clerk. D-nomlnation, $50i>. Securities will run for a
zens'
—
period of 20 years.
La Crusse, Wis.— Borids Not Soid.— No bids were received
October 19 for $36,000 oi special street improvement bonds.
These bonds, it is stated in local papers, will be re-offerea as
6 p^r cents.
Lake Preston, S. Dak.^Bond Sale,— This town has sold
an issue of $7,000 5% water bonds to L. L, Losteter of
Date, Oot. 15, 19o3. InterIroquois, Denomination, $500,
Maturity, Oct. 15, 1923, subject to call
est, semi-annu'il.
after Ojit. 16, 1913.
Laa. aster, Pa.— Bond Sate.— The $145,000 d^^i water-improvement bonds, offered but not sold on Ootober 3, have all
oeen disposed of at par to local investors, For description
of bonds see V. 77, p. 724.
Lausliig, Mich.— Bonds Authorized.— The Board of Aldermen has voted to iegue $11,000 Allegan Street improvement
J37,300,
bonds.
Detroit, Mich.— Bond* Authorized.— The issuance of flOO,000 33^^ 30 year park-improvement bonds has been author-
tfwd Sate,— This olty, according to local papers, has sold
an iesue of $30,000 43^« 1 to 4-year (serial) brldge.bonds to No-
ized.
ble,
Darant, Ind. Ter.— Bond Election.— An election will be
held November 16 to vote on the question of issuing |89,000
water-works, electric-Ught and sewer bonds. The city voted
last July to issue flOO.OOO boods for these purposes, but the
Interior Department refused to approve the bonds, claiming
that the issue exceeded the limit permitted by law, at the
same time stating that an issue of 189,000 would meet approval. It is for the purpose of authorizing the smaller
amount that the new election has been called.
Doryea (Pa.) School District.— Bonds Not SoW This
district oflFered without result on Ootober 1 $12,000 43^*
bonds. Offers were made for 5% bonds and, we are advised,
the district will probably have to increase the interest to
that rate. Denomination, $500. Dite, Oct. 1, 1903, Interest, semi-annual.
Maturity, $1,000 yearly on October 1 from
MoFS
& Co.,
Detroit, at par.
.<>ate,— On October 17 this
county awarded an issue of $36,388 A%% road bonds to the La
Porte County Savings Bank at par. Denomination, $910,
except one bond for $898. Date, Sept. 15, 1903, Interest
semi annually. Maturity, one bond each six months for
twenty years.
Letcher Goanty (P. 0. Whltesburg), Ky.— Bond Sate.—
This county, according to reports, has sold an Issue of $3,600
bonds to a looal bank.
Limestone Conuty, Texas.-Bonda Begria^ered. An issue
of $30 OjO 4% 10 4u-year (optional) road bonds, dated Aug, 10,
1903, was registered by the State Comptroller on October 31.
Lincoln, Neb.— Bond Sate.— On Oct, 26 the $18,750 5% 1-10V. 77, p,
year (Serial) paving bonds (8 issues) described
1252, were awarded to W. E Berkley Jr., of Lincoln, the
1907 to 1918, inclusive. Wm. F. Pier is President of the only bidder, at 100*28 and interest.
School Board.
Lockport, N. Y.—Bond Q^ertTiflf.— Proposals will be re'EASiOrabge,'S. J.— Bonds Authorized. The City Conn
ceivea until 13 M., Nov. 4, by J. C. Harrington, City Treasoil, on Oct i6, passed resolutions providing for the issuance
urer, for $2,000 4« 1-5-year (serial) Transit Street improveInterest, semiof $510,000 4? 3u-year wat'-r bonds (series No. 2) to be dated ment bonds. Ddte of bonds, Nov, 2, 1903.
Dec. 1, 1903; also $29,000 4r^ 30-vear refunding sew^r bonds.
annually at the office of the City Treasurer. Authority,
Eocene. Ore. Bond 8aie.—Th\a city has sold $9 000 of an Chapter 656, Liws of 1903.
issue of $15,000 4% sewer bonds to P. Frank of Eugene, as
Lndlngton, Mich.— Bonds Defeated.— This city on Oct. 20
follows: $3 000 due Oct. 20, 1906, at 100 25; $3.r00 due Oct. voted against the issuanee of $80,000 city improvement
20, 19U9, 100*33; $3,000 due Ojt. 20, 1912, 100 50, The |3,000 bopds.
due Oct. 20, 1915, and the $3,000 due Oct. 20, 1918, not yet
Madison, Wis.— Bond Ojfermgr.- Proposals wiilbe received
sold, will be placed in about a month or so when sewers are until 7:30 p, M., Novemoer 13, by O. S, Norsman, City Clerk,
completed.
coupon water-works extension bonds. Defor $iO,000
Falrmonnt, Minn.- Bond Election, An election will be nomination, $^00. Date, Oct. 1, 19U3. laterest annually at
held Movemt er 10 to vote on the question of issuing |16,0G0 the First National Bank of Madison. Maturity, Ootober 1,
electric-light and water-works improvement botds.
1923
Falmontb, Mass. Bond Sale.— We are advised that of the
Madison County, Miss.- Bond 0#ertnflf.— Proposals will
$46,<iOO 33^1 water bonds offered, but not sold on June 17, be received until
Bole, President, for
Nov. 2 by W.
$16,000 htive been pUced and the balance secured by lo«n for $16,000 6^ building bonds. Denomination, $500. Date, Jan.
Maturity,
the present. These bonds were described in V. 76, p. 1315
Interest, semi-annually in Canton.
1, 1904.
(ilreenfleld, Franklin Couaty,
Mass. Bond i^tle.—Oa $1,500 yearly, A deposit of $500 required with bids.
October 28 the $37,500 i% high school-building bonds deMarlon, Ohio.— Bond OJ'ermgf.— Proposals will be received
scribed in V. 77, p. 1316, were awarded to Lee, Higginson & until 13 M November 18, by the Finance Committee of the
Co., Boston, at 103 05 and interest.
Following are the City Council, at the office of Samuel Quigley, City Auditor
La Porte Conuty, Ind.— Bond
—
—
m
—
H
—
H
—
,
bids
:
ini-88
& Co., Boston.. 103*06 Parkinson * Burr. Boston
102-3 7 Blodget. Merritt A Co.. Boston. lOl'Si
Fa-^iou, Leach & $30,0'
7.500
lurs37
1U3W79 a. L. Day & Co.. Boston
Co
101•^2
.102-767 Adams & Co.. Boston..
N. W Harris * Co, Boston
Lee, HIeeinsnn
1
)
Merril, Oldham *Co., 8o«ton.lO4;-Si0
f »10,000 due 1906 K'O-70
l'ia-40
Franklin Sav lustllution
E.
Rollins! 1' ,0'iO due i»12. 101-17
Jose Parker 4) lor $.10,000... .101 615
)ns ....! 10.000 due 1913.101 41
(k Sons
7,60u.
10-i «75
7,500 due 1916. 101-88
Ck).
i for
10102
Jackson & Cprtis. Boston
lOZ'l^l 8. A Kean. Chicago.
lOu-89
Worceiter No. Savings Inst'n
Burnett, CummiDBS 4 Co
10305
fortao.OOO
B ston Mutual Life Ins. Co. for
H
. .
BUke
Bros,
it
. .
.
Co.,
Boston
—
i
1.
lOl'SS
100-00
$10,000
Hamilton (Ohio) School District.— Bond
Offering.
-Pro-
posals will be received until 12 M. Nov. 6, by Fred W. Gradolph. Clerk Board of Education; for $20,000 4% bonds. Authority, Section 3994, Revised Statutes of Ohio. Denomination, |500.
Interest, semi-annually at ofBce of District
Treasurer. Maturity, $2,000 yearly from 1920 to 1929 inclusive.
Certified national bank check for 6^ of bonds bid for
required.
Marrodsbnrg, Ky.— Bond Sale.— The $18,000 20 year electric-light plant bonds, offered as 4 per cents on June 27 without success, have been sold as 53 to Seasongood
Mayer,
Cincinnati, at par.
floricoD, Wis.— Bond« Fofed.—This city on October 10, by
a vote of 132 to 27, authorized the issuance of $ 0,000 5i gasplant bonds. We are advised that probably only $9 500 of
these bonds will be issued. Full details have not as yet been
&
determined.
Hoaston,
year sireet
Tex.— Bond« Registered.— The $300,000 5% 40bonds sold rec^-ntly to W. R. Todd & Co., Cincin-
were registered by the State Comptroller on October '^2,
Jersey (ity, N. J,- Bond Isiue.— The issuance of $38,808 37 defi iency bonds has been authorized. These bonds,
we are advised, will be taken by the sinking fund.
nati,
for $3,320 6j Garden Street improvement bonds. DduominaInterest, March 1 and Septtion, $111. Date, Nov, 18, 1903.
ember 1 at the office of the City Treasurer, Maturity, $111
ea:h six months from Sept. 1, 1904, to March 1, 19i4, inclusCertified check for $100 required.
ive.
Bond Eleetion.—An election will be held November 17 to
vote on the question of issuing $100,000 oity-hall, $50,000
sewage disposal-plant and $10,000 puolic park bonds.
Medicine Hat, N. W.T.— Dtbtnture Offering. -The Town
Treasurer is offering at par the following debentures :
$4,600 srenerol-purpose debentures, dated Sept. 29, 1902.
14,'i00 natural «a3 debentures, dat- d Sept. ap. 19 2.
15,0 u na ural-nas debentures, dated Oct. 1. i9U3.
12,000 water works debentures, dated Oct. 1, 1903.
Milvraakee, Ore.— Bond ELecttori, Propoaed.-The city ofare considering the question of submitting to a vote
of the people a proposition to issue bonds for a water
ficials
plant.
mnnesotSL.—State Board of Investment Loana.-We take
:"
the tollowiDg from the St. Pdul "Pioneer Press
The state Board of Investment yesterday approved thirty-one applications
for loans from iM.unties, townships and school olstncis, which amount to iJ»,75'>.
Owiiie to Iacl£ of lUuds, tae loans will not be made until alter the sale of
available, and
school lands fr.m Nov. IH 10 2t. The biard has ouly tao,"
other loauB which have been ajpr ved but not made call for »tf&,uoi.'.
»6.ouu;
Albert Lea
O.^un
y,
The loans appr ved je-terdHy are: Fillmor*.
Fillmore County, t-.itO; Kapdiy hi, t<!,-<!Ou: Page TownMartin,
t2, uc Chisago, «-^. 00; Wash ntiioii.tl.-oo.
Yell w Medicine. «1,200;
t ,600; Lammers Township. Beltrami County. I1.6U0;
"i
|8...; Marshall,
Waoaoha
11/
«i,iio<';
Wadena.
»i,ioO;
Cottonwood,
Benton,
Benton, tttOO;
Pipestone, »B0
$8 o; Aitkin, »700; Rock, t7u<': Stearns, »8o'
Waden*,«5u6; Noble-, tsoO; Wad,.a4, » 00; Yellow vlediciue,t5jo; Wright,
Rock. t^50,
|30u;
Morrison,
$aoO;
Carlton,
««0
Polk,
t3b0;
Aukio, $iuO;
Stearns, (250.
Schuoi District.
»5,oo.i;
ship, M.lle Lacs
Co mi y.
;
:
;
;
Morgan
City,
La.— Bond O/ering.- Mayor Shannon and
the Town Council are offering for sale $6,000 market and
engine-house bonds.
THE CHRONICLE.
1556
—
Morgan fountj, Ala.— Bond Election. An election will
be held on Nuvember 16 to vote on the qaestion of issning
$160,000 5% 80 year road bonds.
Mt. Airy, Ohio.— Bond Election.— At the election Nov. 8,
the qatetion of Issning |10,000 street-improvement bonds will
be submitted to a vote of the people.
New London, \f is.— Bonds Voted.— Thia plaoe on October
23 voted to istne bouds for an electric-light plant.
Newport News, T»i,— Bond Sale.— The only bid received
Oct. 26 for the §56,u00 i^i 40-year street-paving bonds that
complied with the reqairements of the advertisem'^n's was
that of Denison, Prior & Co. of Cleveland and Bjston, at
101 •438 and interest.
Bonds are dated JSov. 1, 1903. See V.
77» p. 1316, for description of bonds.
Ont.— Debentures Not SoW.— The
|10,266 debenon October 1 were not sold.
Ohio State UnlTersity.— Bond u/eringr,— Proposals will be
received until 12 M., l^ov. 17, by the Board of Trnstees—
Alexis Cope, Secretary— for |30,000 4%% refunding bonds.
Securities are in denomination of |l,00i.>, dated Dec. 1, 1903.
Interest will be payable semi-annually at tne Hayden-Clinton
National Bank, Columbus. Principal will mature Dec. 1,
1913.
A deposit of 11,000 in currency with the Treasurer of
the University will be required with bids, and purchnser
must pay accrued interest. Bonds are authorized by Act of
General Assembly passed April 28, 1898.
Okmulgee, Ind. Ter.— Bond (Bering.— Proposals will be
received until 5 P. M November 9, by Fred H. Smith, Mayor,
for $b8,0(.0 5!J water-works and $15,000 5% sewer bonds. Denomination, $1,000. Ddte, Nov. 1, 1903. Interest, semi-annually at the Chaee National Bank, New York City. MaturCertified check for 2% of bid, payable to the
ity, 20 years.
Town of Okmulgee, required. Authority, election held Oct,
1, 19C3; vote, 194 to 27 on water.question and,184 to 35 on the
sewer proposition. Total bonded debt, inclndmg this issue,
AEsessed valuation 1903, $941,797, and real value
|G:S,000.
OakTille,
tures
c
ft'ered
,
11,657,644.
Old Albnqaerqae School District No. 13, Bernalillo
10Conuty, N. H.—nond Sale,— On October 20 the $7,010
20-year (optional) gold school-house bonds described In V.
77, p. 69i, were awarded to the Trowbridge & Niver Co.,
Chicago, at lOO'lO and blank bonds free of chaige. Follow-
H
ing are the bids
Trowbntlge & Niver
Royal Trust
Co.. Chio... •17,007
Co.,
Chicago
17,025
t7,00O
Mac Donala, McCoy* Co., Cnio..+ 7,0S1 UuKe M. Karson & Co., Chic
8. A. Kean. Cbicairo
7,(j00
* And blank bouds.
T Less 1250 attorney fees, t Less 2% attorney fees.
—
Oldbam County, Texas. Bonds Registtred, On October
24 the State Comptroller registered an issue ot $7,000 4% 2-20year (optional) relunding bridge bonds, dated June 10, 1 903.
Orange, N. J,— Bond date,— The $20,000 4% assessment and
the $55,u00 4^ tax- arrearage bonds, offered bnt not sold on
June 22, have been taken by the sinking fund. See Chronicle
June 13, page 1317, for description of bonds.
Orange Union Uigh (!icliool District, Orange Coanty, Cul.
Bonus Refused. It is stated in local reports that the
Adams Phillips Co. of Los Angeles have refused to tafee the
$25,000 4>i^ building bonds awarded to them on September
15, claiming that the election was not held in accordance
with the law.
—
—
Ottawa, Ohio. Bonds Authorized.—The Village Council
wateron October 5 authorized the issuance of $50,000
works bonds. Authority, election held Oct. 13, 1902, Denomination, $500. Date, Jan, 1, 1904. Interest semi-annuMaturity, Jan. 1, 1924.
ally in Ottawa,
Paris, Texas.- Bond O^ering.— Proposals will be received
until 12 M., November 2, by T. S. Hill, Mayor, for $55,000 5^
water- works bonds. Denomination, $1,000, Date, Sept. 10,
Maturity, fifty years, subject to call after twenty
1908.
years. Certified check for 5i of amount of bid, payable to
the above-named Mayor, required. These securities are part
of an issue ot $75, GOO bonds registered by the State Comptroller on October 16.
Perk a»ie, i*a.— Bond Bate. This borough on October 10
H
—
awarded $i,000 i% 5-30-year (optional) electrio-light-improvement bonds to P. 3. Cressman of Perkasie,
Pictoo, N. S.— Debenture Sale.— On October 16 the $14,700
80-year debentures described in V. 77, p. 853, were awarded
to the Dominion Securities Corporation of Montreal for $15,325 for 43>^ per cents. Following are the bids
:
[Vol. lxxvii.
Marys, Ohio.— Bond EUetion.—Aa election will be
28 to vote on the question of issuing $75,000
sewer and $20,000 water- works and electric light-improveSt.
held
November
ment bonds,
SandersTilie, 6b.— Bond Sate.— This city has sold to F, F.
Stacer of Sanderaville at 103 50 $33,00o 5^ light and water
bonds. Securities are part of an issue of $37,000 bonds described in V. 76, p. 1318, of which amount $15,000 was sold
last July to L. B. Holt of Sandersville.
SansalitOjCal.— Bonds BrojDOsed.— The issuance of bonds
for water works is proposed by the Board ot Trnstees.
Seattle, Wash.— Bond .Btecaon iVb« to be Held.— The City
Council has repealed the ordinances calliug au election October 81 to vote on the issuance of $15J OOu city -hall site and
1500,000 city-hall-building bonds.
Sidney, Ohio.— Temporary Loan.— The $9,800 temporary
certificates maturicg April 1, 1904, were awarded on October
26 to the German-American Bank and the Citizens' Bank of
Sidney.
South Stillwater, Minn.— Bonds Fofed.— This village has
voted in favor of establishing an electric-light plant. Subsequently the City Council authorized the issuance of $15,000
bouds for this purpose.
Spokane loamy (Wash.) School District No. 47.— Bond
Sa^e.— On October 21 $1,000 5)^« 5-10 year (optional) bonds
were awarded to Cora A. Bntier at 100 50. Denomination,
$5d0.
Date, Nov. 1, 1903. Interest, annual.
SpriugUeld (Hi ), Pleasure Driveway and Park DIstrlct.- Bonds^u^/iorzzed.— The Board of Trustees has authorized the President and Finance Committee to issue
$75,000 bonds at not exceeding 4j interest, a-nd to mature in
not more than twenty years. Full details of these bonds
have not yet been determined. Arthur Hay is Secretary of
the district.
Steabenville (Ohio) School District.- Bond i?tec«ton.—
At the November election the quristion of Issning $50,000
high-school-bnilding bonds will be submitted to a vote of the
people.
Stillwater, Minn. Municipal Ownership of Water Warka.
the election November 3 the question of municipal
ownerehip of water works will be subujiited to a vote of the
people. This election is only for the purpose of ascertaining
the sentiment of the people on thia subjrct.
Sommit, N. J. Bond Sate.— This city has sold to Farson,
Leach
Co. at par $65,000 4)8 80-year trunk and lateral sewer
bonds and $30,000 i% 30 year school bonds. Danomination,
Date, Nov. 1, 1903. Intereet, semi annual.
$1,000.
Swissvale, Pa.— Bond O^erinflf.- Proposals will be received until 12 M., Nov. 7, by th« Finance Committee, care
of P. Dnlf
Sons, Pittsburgh, for $10,000 4$ coupon sewer
bonds. Denomination, $1,000. Date, Oct. 1, 1902. Interest,
semi-annual. Certified check for 5% of par value of bonds
bid for required.
Toledo, Ohio.— Bond Q^ering.- Proposals will be received
until 7:30 P. M., November 25, by R. G. Bacon, City Auditor,
for the following bonds :
—At
&
&
Denomlnntiona, nine for (1.000
$9,829 76 i% Erie Street repavinK bonds.
eacb.onefor $8'zw 70. Date. May 11, lu a- luieie»t semi annually at
Maturity, "nut to exceed $^,UOUin auy
oflice of City Treasurer
one year between i908 and l»i a. Inclusive."
100,000 00 4« general fund bonds. Denomination, »1,000. Da' e. Jan. 1, 1904.
Interest !<emi-anuually »i the Importers' & Traders' National
Bank, New Yorfe Wity. Maturity. Jau. 1, Icai.
1,86014 4% Macdeu Street paving bouds. DeDominatlons, nine for 1160 each
and one for «l-:0 14. Date. June 'i, IHO <. Interest aeml-annualiy at
office of ity Treasurer. Maturity, "not to exceed $3Z0 in any one
year between 19o3 and 1908, inclusive "
200,000 4% general fund refunding bonas. DenominHtion, $1,000. Date. Oct.2,
I'JOs Interest i<emi-annually at the United States Mortgage
Trust Co., New York City. Maturity. Oct. vj, mzA.
J
<
s
75,00000 4% general-improvement bonds. Denomination. $1,000. Date, Jan.
1, 1904.
Interest semi-annually all ho Imponers' & Traders' National Bank. New Vorlt City. Maturity, Jan. i, li 2».
142,186 00 4J general street- improvement bonds. Deuominatioii, I1,0C0, except one bond for »l,i95. I>ate. Jan. I, 1904. Interest seojiannually at the Importers' & Traders' JNatlonal Bank, New York City.
Maturity, Jan. 1, 19;i«.
Separate proposals to be made for each issue. Accrued
interest to be paid by purchaser. Certified check for 6^ of
the par value of bonds, drawn without condition on some
bank in Toledo, or else money for that amount, required with
bids.
Tyler, Minn.— Bo»d.s iVo« So/d.— The $5,500 sewer bonds
otfered on October 1 have not yet been sold. Securities will
be re-advertised in the cear future.
Uniontovrn (Pa.) Schoul District.- Bond Offering.— Fro-
posals win be received until 12 m., Nov. 2, by J. C. Falton,
J. M. Robinson, St. (for 4^8.. 10200
I>omlDlon Securities 5 for 4^9- •104-25
for an issue of i% 2 16-year (serial) bonds.
Secretary,
«6b25
(for4a
John
97"ao5
(forls...
Corporation
Valley County (P. 0. Glasgow), l!l»ut -Bond Offering.—
Portsmouth, N. R.—Bond Offering.— PtopoB&lB will be re- Proposals will be received until io a m Drcember 7, by R.
ceived until 12 M, to-day (October 81), by Ueorge D. Marcy, J. Crossett, County Clerk, for $67 OuO 4* 10 20-year (optior-al)
De- refunding bonds, dated Oct. 1, 1903. Denomination, $1,000.
Mayor, for $10J,OUO 33^ J gold high-school bonds.
nomination, $1,000. Date, Sept. 1, 1903, Interest, March 1 Interest, January 1 and July 1 at the office of the County
and September 1. Maturity, Sept, 1, 1923. Tae legality of Treasurer in Q-laegow. These bonds were awarded last
these bonds has been approved by Storey, Thorndike, Palmer August to the Thomas Cruse Savings Bank of Helena.
Thfiyer of B:)Ston,
are not advised as to the reason for tue resale,
Red Liike Falls, Minn.— Bond Election,— An election will
Walla Walla, Wash.- Bond Election Authorized.—The
be held on Movember 3 to vote on the question of issuing City Council has decided to submit to a vote of the people
$12,000 water- works bonds.
the question of issuing water bonds. Two propositions will
Rochester (Mont.) School District.— Bond« Not Sold— be submitted, one involving .$lOO,OuO and the other $200,000.
Bend O^ering,— The $8,0u0 6j< school bonds offered on Oct.
Wwterrliet, Mich.— Bortd^ Proposed.— This village pro18 were not awarded and the sale was postponed until JNov. poses to issue $15,000 bonds for a water plant.
18.
J. O. Thomas is District Clerk.
WaueeoD, Ohio.— Bond Oj^mngr.- The Village Council has
St. Catherines, 0Bt.—Be6entttre Sate.— On October 10 the authorized the isBuance of |5,8U0 5% debt-extension'bonds
$10,000 A% 20 year water debentures were eold at 96 50.
dated Nov. 1, 1903. Proposals for these bonds will be reht. tload, Alua.— Water Works Fur chased.— Thia city on ceived until 12 M,, November 9, by A. S Bloomer, Village
Oct. 8 purchas'.d at foreclosure sale the local water-works Clerk, Denomination, $580, Interest annually at the ofifice
plant, paying $75,000 for the same.
of the Village Treasurer. Maturity, $580 yearly on Novem-^
I
j
,
We
&
1
Oct.
THE CHRONICLE.
31, 1903.
from 1904 to 1913. inclusive. All bids must be unoonCash or certified check for $500 required.
Welcome, Minn.— Sonda Not Sold— Bond Offering.— Thia
ber
1
ditional.
village offered on Oct. 10 without success an issue of |9,000
5^ 10 year water and llgbt bonds. Proposals are apaln spked
for these bonds, this time until 2 p. m., Nov. 7, by R. P.
Child, Village Recorder. Securities are In denomination of
Interest will be payable annually.
$1,000.
WellSTilie, Ohio.— i^ond Saie.— Local papers state that an
issue of $25,000 i^^t refumiing bonds has been awarded to
Mtiyer, Cincinnati, at par.
Seasongood
Wliitecastie, Parish of Iberrille, La.— Bond Offering.—
Proposals will be received until 6 p. m., Nov. 88, by W. J.
Alexander, Mayor, for $10,000 5% gold water -works bonds.
Authority, election held Aug. 31, 1998. Denomination, |500.
Date, Dec. 1, 1903. Interest, semi-annutilly at the Bank of
Whitecaetle. Maturity, Deo. 1. 1913, subject to call ?2,600
yearly beginning seven years after date. Certified check for
5< of the amount of bid required. Bonds are exempt from
The town has no debt at present. The assessed valtaxes.
uation at present is fl90,00i>.
Woodward. Okla.— JSonda Voted.—Thia town, on
Got. 19,
of 157 to 15, authorized the issuance of Q% 10-80year (optional) bonds for a water system. Interest will be
payable at the Western National Bank. New York City.
Date of sale has not yet been determined upon. L. D, Baker
is Town Clerk.
Yonugstown, Ohlo.-Borui Ojfertnflr.- Proposals will be received until 2 p. M., Nov. 28, 1903, by
I. Davies, City
Auditor, for the following bonds
I3S5 6% (leortio Street ttradlnc bonds. matarInK ono bond, $77. rearlT OQ Oot, 1
by a vote
Wm.
:
fri>m iy05 to mop,
&
Whltaey (Tex.)Iiidepeudent School DIgtrlct.— fiond^ Not
5o/d.— The $8,600 i% 0-30 year (optional) school building
bonds offered on Oct. 1 have not yet been sold. See V. 77,
Wlarton, On\.— Debenture O^ertng. -Proposals will be re
ceived until 6 p. m November 9, by W. J. Ferguson, Town
Clerk, for |18,tj00 4% wa.ter debentures dated Nov. 1. 1903,
and maturing part yearly for thirty years; also about $8,003
4% SO-year local improvement debentures. Interest will be
payable at the Union bank of Canada at Wiarton, Separate
bids for each issue required.
Winona, Miss.— Bond* Foied.— This city has voted to issue
f 100,000 water and sewer bonds.
Wittenberg, y^i».— Bonds Vo^ed.— This village has voted
to issue $8,010 electric-ligtit-plant bonds.
Woodlavtn, Ala —Bond Biection.— The Board of Aldermen
has passed a resolution calling an election Nov. 21 to vote on
the question of issuing $15,000 school bonds.
Bonds Proposed.-The City Attorney was recently instructed by me Board of Aldermen to draw up a bill providing for the issuance of street improvement bonds.
,
TERRITORY OF HAWAII
H
Honolulu,
T., October 2*». 1903.
Sealed proposals will be received by tbe undersigned. Treasurer of the Territory of Hawaii, until
NOVKMBKR IbTH. 190S, at 2 o'clock P. M., for the
rurcbaee of all or any part of $1,000,000 4J<J« Public
mprovement Coupon Boi ds of the Terriiorv' of
Hawaii. Bonds to be of ihe denomination of $i,000
each, to be dated October 1, 1W)3, and to mature
Oetobjr 1, 19l^, with option of redemption bv the
Territory on or after October 1, 1908. Interest
payable semi-annually.
Principal and interest
payable at the oflSce of tbe Treasurer of the Territory In Honolulu or at Wells. Fnrpo & Company's
Bank In New York Cii y. at the option of the holder.
Tbe bonds are exempt jrom all taxes and area
direct charge on the consolidated revenues of the
to
l«i)H, Incliislve.
Wick Avenue uiaciidanilzinu-ilettiilt liondw, maturing one boad of $876
yearly on Oot. 1 from ltf04 lo HiOS, inclualve.
Interest will be payable
Bonds are dated Dec. 1, 1903.
semi-annually at the offi-ie of the City Treasurer.
Purchasers must be prepared to take the bonds not later than
Dec. 1, the money to be delivered at one of the city, banks
certified check
or at the oflBce of the City Treasurer.
for 2% of the amount of bonds bid for must accompany proposals, which must be made for each block separately.
Bonds Authorized,— The City Council on October 19 passed
ordinances providing for the issuance of tbe following bonds
$1£5,000 6% water- works-Improvement bonds, maturlnK (5,000 yearly on Oct. 1
from 1905 to lw29,;inclnslve.
16,000 t% bonds issued for the purpose of rcpairint; viaducts, bridges and
culverts. Maturity, (l.OuO yearly on Oct. I from 19U5 to 1914, Incln-
A
Blve,
Interest on above bonds will be payable semi-annnally at
the oflBce of the City Treasurer.
Borid Sale.— The following bids were received October 26
for eleven issues of 5;^ bonds described in V. 77, p. 1318 :
Denison, *W. J. Hayes
Newlst Beasonoood
Prior
$6,850 Broadway paving
8,000 Broadway sewer
3,300 Francis pavinsr
2,350 Forest Ave. sewer
The bonds will be Issued pursuant to an Act of the
Congress of the United States of America, entitled
**An Act to Provide a Government r or ihe Territory
of Hawaii," approved April 60, IbOO. and pursuant
t..>
an Act of the Legislature of the Territory of
Hawaii, entitled An Act to Provide for Public
Loans," approved April :.5. IwOS. and an Act of the
Public
l,S00MurdocaSt. sewer
1,100 Wiseman St. sewer.
1,730 McKlnnle St. sewer
8,160 Crescent St. sidewalk
2,172 25
*
New Yom
i
& Trust Company,
'^'^'"'-
R. GARTER,
Sec'r Hawaii Territory.
••••«•
&,
SONS,
Corporations,
Write for Cireular.
MASON, LEWIS
&,
Co.,
CO.
&,
RANKERS.
San Francisco. Boston.
Chicago.
and
Railroads
Suitable for Saylngi Banks. Batates, Trust
Ponds and conservatiye private Investort.
BANKERS,
Chicago.
Pblladelptaia.
T. B. POTTER,
MUNICIPAL and onKinc
D^NU»,
CORPORATION
DEALERS IN
172 WashiE^ton Street,
MUNICIPAL, RAILROAD and CHICAOO,
STREET RAILWAY
1
•
•
IL.E.S.
.
ON APPI^ICATION.
L<IST
BONDS.
MacDonald, McCoy
NASSAU STREET, NEW YORK.
Interest Paid on Daily and
Time Deposits.
MUNICIPAL AND
&
Co.,
CORPORATION
BONDS.
PARSON, LEACH &
CO..
Public Securitieg,
OHICAOU.
MEW YORK.
BOSTOM.
FHIIiADELPHIA.
Z7I
La Salle
Street, Chicago.
Blodget, Merritt
&
Co.,
BANKERS
16
36
Conoress Street, Boston.
NASSAU STREET, NEW YORK.
STATE. CITY & RAILROAD BONDS.
INVESTMENT BONDS.
$10,000 DULUTH, MINN.,
&. lilGHT GOLD BONDS,
S% TTATBR
SEND FOR
LIST.
OENISON, PRIOR 9b CO.
CLEVELAND.
Due July
1,
Write for price and
1928.
full particulars.
BOSTON.
Kansas Municipal Bonds
Bouirht and Mold.
D. H.
MARTIN,
Topeka, Kan.
dc
€0.
Waodataek, Vermont.
VICKERS
&
PHELPS,
New Yorlc.
INVESTMENT BROKERS,
HI6HM8T GRADE RAILROAD
29 Wall Street
Devonshire Street,
BOSTON.
1,00' 00
BAJU.RY B. POWELl.
BAN&JBR8,
121
1,742 00
2,165 OO
OF
Rudolph Kleybolte&Co.
«""^' territory.
Stanwood
1,743 60
2,150 00
8,008^8
3,310 26
INVESTMENT BONDS
Corporation
Service
Denver.
55 Cedar
MUNICIPAL BONDS.
E. C.
3,825 00
2,367 00
1.310 00
Mayer.-
INVESTMENTS.
BOSTON.
Bids will be received by
office of the United States
*G^^
3,325 60
2,350 00
1,310 25
1,007 75
-
$6,871 60
Bid was for all bonds or none.
E.H.ROLLINS
ity.
the undersigned a^. the
Mortgage & Trust Company. 55 Cedar Street, New York, or at his office in
Hocolulu, H. T., but no bid will be entitled to cousicieraiion unless received by or before the hour set
for receiving bids.
For circular of information and blank bid, address
Unite! Mates Mortgage s Trust Company, 65
Cedar Street, New York.
A. N. KEPOIKAI,
..^ ^
00
36
300 00
537 00
360 00
for.
United States Mortgage
&
Nat. Bank.
$6,900 00
3,020 CO
Sons.
-
$«1,908
8,02.1
»oo Custer Ave. pavlnK
535 Franklin Ave. sewer
86U Ridge Ave. grading
BONDS.
said Legislature entitled "Ari Act Making Special
Appropriations for the Use of ihe Government of
The right is reserved to reject any or all bids,
Uellvery of the bonds will be made on November
24th, 19<'3, at 11 o'clocfe A. M. at tbe office of the
&
Go.
3.05380
a,H67 50
2.386 90
1.314 00
1,007 00
1,74800
Mnniclpallties,
'
the Territory of Hawaii During tbe Two Years
Which Will End With the 3uth Day of June, A. D.
l»oo," approved July 11. 19 '3, and the said issue of
bonds has oeen duly approved by the President of
tbe United States.
The bonds will be engraved under the supervision
•f and certiUed as to genuineness by the United
8tate« Mortgage & Trust t ompany, and the legality
approved by Messrs. Oillon and Hubbard or New
^ork, whose opinion as to legality or dnplicate
thereof will be delivered to the purchaser or purchasers of said bonds.
Hat^ h bid must be accompanied by a duly certified
check on a Natioual or Mate Bank or Trust ComP»uy. payable to the Treasurer of the Territory of
Hawaii, for two per cent of the par value of the
&
$0,97r> 10
AND
Territory.
.''freei..
t)ct 1 frcni IWOS
1,870 6%
ImproTement Bonds.
orpick of the tueasurek op the
Territory of Hawaii,
bonds bid
r>»
INVESTMENTS.
MUNICIPAL
LOANS,
01,000,000
4>^i Pablic
inclii.tlvi>.
Hark Place sewor boiuis. maturiiiK one bond of $170 yoarlr on Oot. 1
from 1905 to l«Ov», incliislvo.
675 b% Wiseman dtreet KradiiiK bonds, mntnrlnB one bond of $]:!5 yearly on
880
:
p. 792, for description of bonds.
NEW
557
1
BON DS.
THE CHRONICLE.
1558
[Vol. lxxvii.
Svtist ©om^antes.
"i*iV^"ii<»<»w<».rtn.-i.n.n
Union Irust Company
OF NEW YORK
,
80 Broadway, Neir York.
CATITAZ,
-
-
.
BVHfl.Va,
.
.
.
Incorpornted 1S33.
MU
91,000,000 00
$7,S42,OO0 OO
ACTBORIZXD TO ACt AS
Executor Administrator Guardian
Receiver or Trustee
Goipy
States Trust
CAPITAL,
AND 18
A LEtiAL DEI'OSITAKY FOR MONEY. SURPLUS
Jai.T. Woodward,
Aniasa J. Parker,
Bdward Klnsr.
James U. Ueilvle,
Aui:ustus \V. Kelley,
R. T. Wilson.
Geo. B. Carhart.
Channcey M. Depeir
Charles U. belaud.
Alexander Maltland,
James Henry Smith,
N. Parker Shortrldsre,
Harrison K. Gawtry,
James
J. UlU.
Charles H. Tweed,
James Speyer.
Kobert W. Qoelet.
W.
Aiei. Duer,
Kmlen Koosevelt,
EDWARD
CORNELIUS
$12,053,207 77
.
moneys paid
and
into Court,
is
authorize4
INTEREST ALLOWED ON DEPOSITS.
TRUSTEES:
E. B. We.oler
C. D. Wood,
Wm.
$2,000,000 00
.
AND UNDIVIDED PROFITS,
Allows Interest on Deposits.
This Company is a legal depository for
ReceiTen !»ecurliie!« lor stale KeepiOK antl
to act as Guardian, Trustee or Executor.
Collection ol Income.
H. Vac K. Keuuedf.
M,
new
of
45 and 4T Wall Street.
LYMAN J. GAGE, /'r«. D.WILLIS JAMES, F/«-Pr«. JAMES S.CI.ARK, Second Ftce-PrtSi
HENRY L. THORNELL, Secretary.
LOUIS G. HAMPTON, Asszs/ani Secretary.
TRrSTEES.
JOHN
A.
STEWART,
Chairman
Samuel Sloan,
W. Bayard Cutting,
I). Willis James,
Charles S. Smith,
JOH.N- Hakskn Rhoades,
Wm, Rockefeller,
Anson Phelps stokes,
Alexander K. Orr,
John Crosby Brown,
William H.Macy, Jr.
Edward Cooper,
Wm. D, Sloan e,
of the Board.
Gustav H. Schwab.
Frank Lyman,
George P. Vietor
John
s.
Kennedy,
D. O. Mills.
Lewis Cass Ledyarb
Marshall Field,
Lyman J. Gage.
James Stillman,
John Claflin,
John J, Phelps,
KING, PresldonU
WOOD,
j
AUGUSTUS W, KELLEY, } Vloe-PresJdenti.
J. V. B. THAYKK, Vlce-Prest. & Secretary.
E. R. MKhKITT, ,„ ,„,. ,„
^
Assistant Secretaries.
H. M.
D.
POPHam!
)
.
i
UAWMNGS. Trust Officer.
C. C.
GIRARD TRUST
COMPANY.
BANKCRS TRUST
COMPANY
CAPITAL, $2,500,000. SURPLUS, $7,600,000.
Chartered 1836.
Acts as Executor. Administrator, Trustee,
Assienee and Receiver,
Financial Asent tor Individuals er
I'orporations.
Interest Allowed on Individual
Edward S.
Page. Secretary.
Geo. Tucker bispham. Solicitor.
niANAGERSt
EfBlngham B. Morris
John A. Brown Jr..
Benjamin W. Kicbarda,
John B. Garrett.
Uartman Knhn,
Jamea Speyer,
William U. Jenks,
William H. CJaw,
George G. Haven,
Augustus D. Jullliard.
Henry Tatnall,
luac H. Clothier,
Thos. DeWltt Cnyler,
C.
Richard A. ilcCordy,
J.
Berwind,
Randal Morgan,
Edw. r. Stotesbury,
Charles
B.F. Clyde.
K Insersoll.
• E. Cor. Broad and Cbeatnnt Streets,
PHILADELPHIA.
MANHATTAN
TRUST
^ALL
ST. cor. NASSAU,
I.
WATEELURY,
Surplus $500,000
A.
Fre<LBaiiko(theHi>iibattanOa.,M.tv
SAMUEL
BAYNE,
G.
P/Mt. Seaboud Nat. Bank,
JAMES
G.
New
EDMUND
PresL
C.
New
Prest Leather MIrs'.
EDGAR
Blair
York.
<St
L.
Co.,
EDWARD
NEW YORK.
Nat'l
Clearing
BOSTON:
PHILADELPHIA:
Fidelitv Trust Co.
CHICAGO:
Illinois Trust
H.
WIGGIN,
Vlce-Prest. Nat. Park
Bank, New Yort.
Vlcc-Prert.
Pre»t.
J. P.
Chlcaga,
Kat.
GRANVILLE W. GARTH,
Prett. Mechanlci' Nat.
Bank.
DANIEL
New Yftk.
THOMPSON
Vice President
E. POMEROY
D.
Prest Galkitlu
EDWARD
G. REID.
yicc-Pre:.!. Libert;- Nat.
Bank, WgTYotk.
i
ASST. T«l*a.'>
V. C.
Nat
F.
C.
YOUNG,
\Prcst. First Nat. Bauk, Jeite>- City.,
OFFIGERS
J. F.
^
Chemical Nat. Bank, N. Y,
Prest,
.
Co.,
Co..
T. W.
LAMONT
L. H.
McCALL
SeCY.
CONVERSE
i^EaiOKNT.
A TREA*.
Jnsurattjce.
^WVW^^*l>^MVwW^^^^^^W^^^^/w^^/wv>KW<»w^^w^^^<<^<V^^^<^^^/^^/*^^^^l^^^WWW
FHE GRAND PRIX
1908.
1860.
The United
IN
States Life
Insurance Co.
THE CITY OF NEW YORK.
John
P.
Munn, M.D,,
President.
ClearinK Honite.
Old Colony Trust Co.
Bank.
Bank,
ALBERT
York.
President
House Agent
First Nat'l
THOMPSON,
Vice-President
Finance Committee:
Leathei
JAMES R. PLUM
WAB AWABDKD AT THI PABIS XZPOBITIOK TO
KELSEY,Pr.Tlt,Gnar,&Tr.Co.
CLARENCE
H.
CORRESPONDENTS:
WHITING'S STANDARD PAPERS. WILLIAM H. POBTEK.Pres. Chem. Nat. Bank
BANKERS AND
NEW YORK:
Chase
F.
Baok, Kansas City
HENRY P. DAVISON,
ROBERT WINSOR,
GEO. W. PERKINS.
Tiat KaL Bank, New Tort,
Baukera, Boston.
Nor^n &
Kidder. Peabody &
Bankers, New York.
JAMES H. ECKELS,
WOOLVERTON.
WILLIAM H. PORTER,
SAMUEL
CoomerdaJ
Bank,
Bank, New York.
The Manhattan Trust Company receives deposits
bearing Interest and labject to check, payable
New York
JOHN
HM. Bank, N. y;,
New
SKELDING,
SWINNEY,
F.
Prest. First Nat.
MARSTON,
Baokers.
H.
Cashier First Nat. Banl^, PUUbiirg.
GATES W, M'GARRAH,
New York.
T. FRENCH, \ Vice-Presidents.
N. DUANE, 3d Vlce-Pres. and Treas.
throuKh the
FRANCIS
York.
Cashier Haoover Nat. Bank, Kexr York..
CONVERSE.
Libert; Nat. Bank.
NaL Sank. New
WILLIAM LOGAN.
York.
cannon;
Vlce-Prest. FoDjth JJat, Bank,
BARTON HEPBURN,
Vlce-Prest. clRse
.
IMOS
W.
York.
DIRECTORS
CO.,
OFFICERS!
JOHN
Capital $1,000,000
STEPHEN BAKER,
E. B. M0RRI8. President.
W. N. Elt, Ist Vice-President,
A. A, Jackson. 2d Vice-President.
Charles J. Khoads, Treasorer.
Edward
New
Street,
and
Corporation Accounts.
Acts as Trustee ol Corporation iUortvases.
Depositary under PInnNot Reorganization.
Retistrar and Transler Asent.
Assumes entire ciiarne ot Real Estate.
Hafes 10 Rent in Rurglar-Prool Vanlta.
Francis 1. Gowen,
Geo. U. McFadden.
7 Wall
and Savings Banli.
LONDON:
London and Westminster
They are the only American papers which have
ever received this— the highest honor that can be
oonferred. It means they are the most perfect
made. Insist on havlnf; them lor your fine correspondence and yonr oBBco stationery. Are yon nslng
Whltlnn's Led(;er Papers In your Blank-Books.
Sampies and booklet free.
WHITING PAPER COMPANY,
UOL.VOKE,
Banlt, Ltd.
aiAHS.,
And 150 DuANE Street. New York.
Active and suooessfal Agents who desire to
make DIRECT CONTRACT8 with this weUestabllBhed and pfotrresslve Company, thereby
secorlnK for themselves not only an immediate,
return for their work, but also an Increaalog^'
annual
Income
snooess,
are
RICHARD
at the
E.
commensurate with their
to communicate with
Invited
COCHRAN,
Company's
Office,
3d Vice-President,
277 Broadway, New
Fork City.
Auets, over $8,600,000.
Inaorance in Force over $46,000,000.
@FedFRASER