The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
Entered according to Aot of Congress,
VOL.
in the
Dana Company,
year 1902, by the William H.
SATURDAY, OCTOBER
75.
4,
in Tlie office of the
Librarian of Congress,
NO. 1945.
1902.
CLE A PINGS—FOR SEPTEMBER 1902 AND 1901 CLFARItf&S^WEEK EN DING SEPT.
1962 AND 1901.
ALSO SAME WEEK 1901, 1900, 1899.
ALSO SINGF1 JANUARY
27, 1902.
t,
1902.
1901.
Week
Nine Months.
September.
Clearings at
In. Or
Dec.
1902.
190L
Dee.
1902.
1901.
,8
$
1,314.026,307
109,217,089
40,434,751
21.380,600
6.266.259
s
New York
Philadelphia
Pittsburg
Baltimore
Buflalo
Washington
Albany
5,047, 134,549
462.011.681
1S0.476.006
102,581.830
387,249.591
188.831 .261
[40,001
18.338
24,587,458
1,288,732
9.100.149
5,254,177
5.416,321
4,880,87;
1.502.100
1,803.438
1,449.154
747,881
11,787,617
678.463
4.814,284,802 4.059,988,224
1,610,724,559 1,544,727,090
897,255,580
901,366,864
219.0S0 169
222,589.892 —1-6
188,632,770
105,046 741 +320
128,274,37
116,647,085 4io-o
102,117,520
1611
87,357,142
50.201.09:: +6-9
53,678,725
49.so2.224
11-7
44,605,980
42.894,582
38,728,056 4-W8
14.471.soo —4-6
18,804,500
14,283.730 +95
15,636.92
13,335.134
11,787,644 +131
6,340.43s
5.820.45? +8'9
7,033,399,235
5,727, 076. 294
+ 33-3 63,736,011,430 68,004,728,759 — 6-3
1
Rochester
Scranton
Syracuse
Wilmington
Binghaniton
Greensburg
Chester
Frederick
Total Middle..
Boston
Providence
Hartford
17.91
25.7is.400
10,512.605
7,198.208
5,656.198
New Haven
Springfield
Worcester
Portland
Pall River
Lowell
Holyoke
Total N.Eng..
Chicago
Cincinnati
i
7.073.113
Dayton.
5,856,350
4.519,544
8,796,100
2,808,333
Springfield,
111...
'ioungstown.....
Kalamazoo
2390,613
2.039.178
1,998,864
Lexington
Canton
Rockford
1377,000
1,C
Ohio
Bloomington
Quincy
Springfield.
Manstield
1,483.692
1,2
1.147,102
827,407
Jacksonville, 111.
Jackson, Mich...
93 1.231
695,210
305.192
Total M. West.
San Francisco...
Los Angeles
Salt Lake City...
1,025,062,910
Ann Arbor
Seattle
Portland
7368,503
Tacoma
14,709
Helena
Fargo
Si"ux Falls
Kansas City
Omaha
Paul
Joseph
Denver
Des Moines
Sioux City
Topeka
Davenport
Colorado Springs
Wichita
To. other
West
Louis
New Orleans
St.
Loui-ville
Galveston....
Richmond....
Savannah
Memphis
Atlanta
Nashville
Norfolk
Fort Worth...
Birmingham
.
174.667.688
34,929,902
34,795,670
22,444,417
13.883,750
13.534,540
18,983.638
8,533,585
Little Rock...
U.,399
Knoxvilie
3,862,887
3,352.000
"
Macon
Chattanooga
Jacksonville,
Total South
Total all.
Outside N.
Ha
.
Y
Montreal
Toronto
Winnipeg
Halifax
Vancouver
Hamilton
John.
victoria
_ Total Canada.
St.
2,458,1
487,810.358
4-34-0
+384
--24-9
-3S-7
--25-8
--329
--25 3
+5-4
--530
--25-1
--28-3
-13-9
60.417 :;44
62,871 773
53,657 190
36,918 113
21,008 97
19,955 946
14.80(1 453
,403.433 .583
—5-2
—39
—
+35-2
--50-6
--58-1
440-7
-t-24-3
—1-4
857,878,816 +22-1
9,304,339.015 8,380,682,724 +11-0
Total Mid. Western
San Francisco
Salt Lake City
3,309,960
1.805.697
1,092,273
1,302.921
1.011,350
381,800
806,875
372,729
590,111
885.631
144,769.854
163,217,531
21,560,050
7,706.416
17,131,968
7.152.876
9,670,300
4,834,932
2,966.337
2,916.703
1,489.826
1,225.512
994.064
557,892
591.378
433,616
623,600
450,322
444,862
324,136
420,042
206,121
237,948
275,178
150,000
67,157
176,858
188,145.728
6,003.100
8,569,582
1,712.669
1.340 254
1,491,2s:;
September
inc. in
Dec.
%
+33-0
446-2
+12-2
+5-7
—10-7
+19-9
— 1-2
+171
+
12-5
—6-5
+217
—124
+7-9
—24
—41
—8'3
-99
+S-9
+18-8
-9-8
-19-5
+24-7
—6-3
154,432,291
+6-1
153,426,149
17,032.150 +26-6
11.698.031 -34-1
14,03:;, 648 +22-1
1,180,342
754,880
495,267
422.489
313.66?
+ 9(1
6,524,306
6,519.200
I-48-11
-23-4
3.917,092
-14-7
2,586.3 ?-'
-23-5
2,301,021
1-31-5
1,132,922
+2-5
1,195,422
849,563 +171
+9-8
508,210
518,056 +14-2
358,509 +20-9
+8-5
575.000
-13-9
395,386
316,201 j -40-5
278.524
-I0o
-555
270,000
-466
140,578
-136
209,492
+0-5
273,683
+8-7
138.023
88,450 —24-1
60,000 +194-7
+9-1
?53,282
Los Angeles
Seattle
£282,735
Spokane
1,829,846
1.469.371
1,285,212
1,252,090
82.4.89
551,182
424,591
221,392
—30-6
+7-6
-^•7
44.914,383
20.833,621
18,852,953
7,564,146
5,685,778
4,403,299
4,351,228
1,774,468
934,529
1,721,004
1,336,524
552,966
127,912
640,531
38 597.790
+164
20,115,855
14,977,481
0.647,971
+23-9
68,833,181
43,282.317
11,710,004
9,696,317
5,294.000
7,985.399
4,562,820
3,960,248
3,431 998
2,674.989
1.704,469
1,230,266
3,018,289
910,862
1,296,145
1,223,361
826,000
950,000
495,091
295.631
65,259.605
42,362,535
-24-6
9,394,824
-16-7
8,305,099
-29-7
4,081,500
-28-0
6,239,681
-16-8
3,907,512
-10-3
8,591,603
-50-5
2,280,737
-50-2
1,780,391
-22-8
1,387,858
—4-2
1,284,250
+140-6
1.254,271
694,507 +31-1
-94
1,430,369
-382
885,237
-27-9
646,000
-73-9
546,728
-12-0
442.158
-18-2
250.000
Helena
665 878,425 +6-9
394 339.030 +21-6
430.303 4l04
782,180 +14-6
388,432 +0-8
887,992 4-0-7
208,237 +278
47 396,858 425-3
41 332,838 4204
38 558,682 +6-3
35 359,156 - :;o-6
20, 541,371
+94
793,166 4o-7
241
179
174
168
61
132
47-0
158, 876,209
148, 423,398
119 786,749
111 944,999
0-3
122 666,413
105 126,6,6 +0'5
78 681,188 +19-7
57 294,689 4l3-5
52 391,057
43 713,740 +8-8
104,903
65 021,304
54, 561,716
46 675,383
53 ,681,715
53 232,380
33 729,001
40 555,703
22. 503,608
32 328,192
23, 718,663
28. 976.303
23. 948. O0O
24 913.000
17. 082,264
20. 166,688
14 258.004
Hi 812,874
3,929,697.476 3,459,927.091
88.
-08
+20-2
443-6
422-2
48
+ 1 si
420-7
+136
+36-3
:,
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
St.
Paul
Denver
Joseph
Des Moines
Davenport
St.
Sioux City
Topeka
Wichita
Fremont
Colorado Springs
Total oth^r West'rn
St. Louis
New Orleans
Louisville
(Jaiveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville
Norfolk
Knoxvilie
Worth
Birmingham
Mncon
Little Rook
Fort
Chattanooga
Jacksonville
Total Southern
Total all
30,634,899,59; 28,586,298,271)
+7-2
Ontside
Montreal
Toronto
650.512. 117
455,643, 038
24-7
Winnipeg
810,969,237
600,616,480
120,362,573
65,981,072
39.606,276
83,137,629
30,750,210
20,536,402
783
it 3P8
16 799 j-53-6
+2-1
64,642, 20:
34,007, 2711 +16-5
30,54 7. 876
+32-8 1,721.959.879 1.366.888.03
VW
+8-5
29,849. 507 4s-o
23,34:;. 864' 4-12-0
-26'0
New York.
Halifax
Hamilton
John
St.
Victoria
:
Vancouver
(.mebec
Ottawa
Total Canada
456,780
210.946
5,8.(6.582
4,900.728
5.016,713
1.783,610
1,034,678
1.398,041
1,235.193
550,436
161,809
1,600,508
+172
—300
-22-8
-495
-234
-423
-17-3
+36
4-13-8
427-8
—10-1
—13-3
—0-5
—9-7
+23-2
5,:. 7.
,300
1,973.081
1.331,000
1,009.717
1,102,426
1,002,211,
904.463
438,357
467,362
278.057
110.070,682
121,055 389
12,470,500
7,176,210
10.428.709
5,254,697
4,021 .800
8,838,603
8,264,399
2,073,212
1,189.920
1,067,553
834,374
300,243
351,669
7399,401
470,700
351,694
270,032
261,865
246.735
119,642
210,000
218,820
115,304
1.085.263
6,23,549
1,115,872
804,878
277,000
275 ooo
250,000
—209
—60-0
+5-5
+2-2
+15-2
811.547.962
22,123,000
16.732,659
3,557,402
1,674,660
866,289
860,208
511.544
1,387,116
1,414.074
1.680.224
765.344.234
17,527,440
11.459,729
3,098,442
1,779,980
741.221
849.727
510.509
959,968
1,704.294
1 .81 7,355
+6-0
+26-2
50.807.176
40.448.667
+231
4-46-0
+14-8
-59
+10-9
+0-2
+44-5
—170
—7
128,153,800
5,702.200
2,248,710
1,490.460
1.:, 96,876
1,117.344
1,823,358
940.023
607,530
403,745
350.000
143,734,046
130.465.720
13.082,550
7,106.100
11,451,896
5,250,619
4,961,600
2.973,377
2.044.940
1.828,313
1.127.147
874,319
923,192
332,230
439,384
275,441
350,000
305,598
287,324
267.182
211,561
169,238
50.000
174,592,031
21,610,590
1,948,408
2,482,996
2,023,743
3,011.895
1,026,919
1,174,854
550,775
305,852
122.232
184.727,793
20,356,109
4,209.804
1.749.007
1,647.956
3.443,899
1,262.840
1,189.775
591,009
250,000
120.000
34,257.763
14,638,107
11,022,290
6,363,696
5,166.087
3,727,385
3,789,043
1,319,732
806.190
1,246,198
34,819.719
15.693.360
14,368.948
7,439,370
4.997.366
4,000,650
3,596,080
1.356.407
691,192
1,235,233
479,246
489,522
177,693
1,000,481
+0-5
90,765,260
104.548.206
2.559,844,282 2,079371.481
Table Clearings by Telegraph on page 709
2,523.106,
105,130,703
+7-4
—6-9
059,865
068,025
992.493
671,677
600.952
903,638
Tacoma
4,817,794
1 885,975
2,610,471
1,629,111
935,104
1,225,895
924.136
M18,000
2 ,7,868
310.884
99(1,954,705 1,489,857.075
82
40
42
25
12
157,508
448,47?
727.450
18,i:;s.99(i
$
719,261,102
85,228,796
28.776,324
18,163.360
5,157.377
2.047,379
-71
97,
485,203
836,384.301
9:;, 370,348
28,135,721
1-29-6
105. 141,173
115 017.983
130 172,618
1899.
$
»-20
133 622,406
844 507,380
245.825.620
25,852,501
2,450,923
3,518,029
4,461,263
27.
1900.
+66-3
225.404.988
22,049,978
3,494,619
2.864,254
2,983,099
3,471,378
73^368,856
51,828,670
10,314,335
6,681.465
4,215,610
3,178,526
3,394.70
2,133,392
155,110,561
+8
O
lilooralngton
100.015,19
205,994,799
New England.
Kuckford
+ 15-0
4-13-8
4-13-3
446,580
339,985
391.033
Springfield.
2,924,121,819
5,497,802
3,612,325
3.847,800
15.870
1385,863
896,719
Total
2,54:1,694
1,950.953,038 1,504,910,547
128,349,566
6.449,300
2,392.29?
1,642.314
1.229,529
1,346,668
Lexington
3,36^,340.934
+1-9
+30-4
Total Middle
l>avton
+27-5 86,760,937,436 89,379,565,118 —2-9
4-31 •(
4-51-0
334.000
331,049
381,637
981,616
703,195
Urand Rapids
7,971.256,868
11,758
163,307
110,680
1,231.281)
Ci ncinnati
10,166,919,721
.'
Syracuse
Chicago
+13* 2,291 ,429,366 2,074,899,070 +104
--11-4 1.884, 364,469 1,637, 487,743
+151
38-2
406 313,190 +11V4
472, 771,642
4-13-4
344. 235,172 +8-1
371, 978,778
--35-2
151 642,050 +374
208. 368,559
--42-5
130 526,250 +1-7
782,500
--31-9
--18-9
--1628-6
Italtimore
+
5,823,097. 92, 0,060.559,361
711,616,258
479,644,878
266,616,854
206,039,559
175,731,597
170,045,456
78,198,340
59,394,134
49,775,095
40,999,046
24,526,802
22,489,708
6,356,979
--39-4
1'ittsburg
17,009 161
16-7
13,352 ,139 4lO!)
1,676,361,622 1,398,810,913 +19-8
+22 '6
1,748.296.320
114,257.284
45,368,521
22,580,708
5,59 7.626
3,053.819
3,269,89?
2,11S,739
1,228,702
1,217,639
252,080 200 +17
101,417 789 +3-9
60,177 070 +10-2
54,202 27s
115
56,848 873 --10-li
48,495 8 15
loo
20-3
30,675 ,911
21.8'
-4-0
.706
6,215 287,03s 5,030,125,144
728.771,250
801, 509,100
522,179.261
567. 643,512
390 837.539 398,444,201
300 329,200 240,137,200
256 413,205 235,867,452
193 221.756 145,519,587
87.715,089
102. 692,617
S9.O40.802
109. 198,052
51,542,529
60. 035.610
15,118,949
55 587,481
36,981,433
43. 997.435
25 391.600
81,908,200
23 473,609
19,961,581
16,296,644
22 834.485
15,934,944
19 060.026
19,371.119
20. 694,6 7s
12,975,251
18, 362.924
13,105,465
14 897.301
11,967,349
14 214,419
12 586,318
10,158,529
10,841,758
10 074,121
2,170.: 86
946.235
6,4,77,522
682.561
5,566.734
027,873
2,708,290
139,987
60
49
21
15
9
--393
7388,869 - -500
5,752,732
4,940.110
3,809,971
6,238,386
3,279,408
2,086.809
2,442.740
2,382,000
1,977,343
1,293,363
105,421 195
66,286 022
976. 854,569
178, 557,778
126, 131.624
5,151,979
4.538,305
4,517,844
4,330,460
2,288,842
194 017,854
9,997,345
5,702.20
4,434,51
-H8-9
+7'9
7468,289
639.3:48
5,8 4,1,79
Augusta
—172
4.878.51
5,252,835
245,254,593
10.956,074
7.590.399
+29-0
+35-0
12,131.036
14,112,912
18,133,420
10.941,- 56
584,262
11.S89398
+1*
+92
02.166.24f'
277,602,390
•60,106
4384
902,353,323 +13-
75,528,146
57.749,509
25,472,375
19.923.437
18,799.931
19.146, 13S
30.345,699
19,788.500
16.595,770
18,093,746
--53
—4-6
+8'0
+14-6
+4-5
+ 180
950,939 —207
183,855 +350'
752.456 -r-24'9
555,498 +25'2
302.235 +10
86.475.920
67,787.850
30.030.8b9
4S.274.39S
.
....
Houston
1,895,483
1,226,936
1.316,237
1,156,372
1,103.521
204,131,193
23,78] .2218,745,461
19.Ki5.814
8,343,310
6,609,478
6,028,242
4.416,579
2,551,178
--5-S
--7-0
2,35; ,451 --19-1
1,987.418 - -20-3
1,638,838 --24-9
157.7SO.oiio
2382,194
Fremont
155,283
1,005.121
1.1153.203
Minneapolis
5,369,648
2,475,670
1.719. 1S5
968.98S
2,500,000
Total Pacific...
St.
St.
119.303,264
19.706,747
12,496,126
18,879,420
14,674.10(1
Spokane
6,724,1 10
614,961,004
76,483.400
53,544.072
44,968.013
24,983,000
26,437.177
16,142,605
9,378,206
10.643.890
5,101,375
4,656,614
3,399. S27
2.231.900
Grand Rapids...
Evansville
9.986,883
671514.358
72.2!
AkTon.
515,022,871 40-5 5.124,423 114
24.216.000 --63
257,328 soo
581,513,782
37,243.059
37.ls5.500
28,520,796
21,625.621
1 i. 979.159
13,292.340
Toledo
5.158,119
4.237,491
3,918.818
1.352.400
1.600,841
1,215,086
5SS.253.029
91.3S0.500
+
+
7,388391
5.200.189
3,299,155
1,980,496
1,624,453
1,184.964
Cleveland
Indianapolis
Peoria
9,590. Si 13
5.617.630
3,780,073
2,069.344
1.914.154
1.639.047
Detroit
Columbus
Milwaukee
82395.321
6,i
5,7
New Bedford...
New York
56,126,037,839 60,793,266,839
6,804,578.787
endinij
—
Clearings at
In. or
491,328
129,038
49.699,575
30,172,408
11,111.581
6.290,514
2,031.500
6,746.331
8,616,041
2,5:15.554
2,672.814
2,003.373
1,204.087
1,376,233
2,609.687
699,538
675.000
898.840
733.000
548.731
492.866
163,576
54.524,947
30,911.483
9,190,615
7,780,939
5.181,575
5,007.764
2,834.706
3,802,370
2,329,433
1,516.365
1,174,007
1.105,955
1,376,047
477,031
597.794
639,054
630.000
374.777
340.995
206.170
74.907,080
81.572.674
1.450,196.648 1,995.861.876
613.812,347 665.823.591
15,147,587
14,015.254
10,155,064
9,652.392
1,832.952
2.145,618
1,370,171
1,500,000
735.850
706,957
751.214
732,698
854.095
710 974
1,002,147
1,040,674
•
"5
+256
30.359.5J8
32.000,111
THE CHRONICLE.
700
somewhat
LXXV.
Sab Treasury law proposed the change in the
statute with reference to taking securities other than
of the
THE FINANCIAL SITUATION.
Shaw has turned out
|V0L.
an United States bonds for Government deposits, which
has now been put in praotice. We hardly think
the present crisis, which excessive Government revenue though, that the provision as it stands to-day extends to
was chiefly instrumental in creating, by seeking a cor- the Secretary the right to take of banks other security
rective along the old lines.
The first essay was the than Government bonds. We stated our views on
purchase of bonds; that remedy it was soon found had that point in this column two weeks ago (Chroniclj,
been exhausted before he took office. He then changed Sept. 20, page 578). At the same time, as it was anto a deposit of surplus revenue in national banks with other statute (the Sub-Treasury law) which produced
Government issues as security; this method was pur- the emergency and was on the point of doing much
sued until a dearth of bonds at the depositary cities greater mischief, the action taken would in public estibecame evident, and thereafter was further pushed mation certainly be justified, and Mr. Shaw has shown
until every institution in the national system having himself clever enough to see his opportunity and
unpledged bonds had its corresponding deposit. Thus assume its responsibility. We hope, and there is we
one after another he tried all the old devices, follow- think good reason for a belief, that this transaction
ing up each through every ramification that ingenu- will lead to a change in the law. It will be noticed that
ity could suggest until forced to acknowledge that the Secretary, while saying he will take seourlty other
those measures for restoring to the channels of com- than Government bonds, has quite narrowly limited
merce the money withdrawn by the Government were the present proposal. So far as he has gone as yet, he
wholly inadequate, and well nigh, if not absolutely, ex has merely "authorized the substitution for the 2 per
hausted ; at the same time Government surplus revenue cent bonds now held as security for deposits of Governwas continuing to add to the pile of currency in the ment money of such security as savings banks are perSub- Treasury, and thereby further to deplete bank re mitted to invest in, at a sufficient margin, upon conserves.
At this junoture came the monetary crisis* dition that circulation Is taken out to the fall value
To put a correct construction upon what was done by of the bonds thus released." On another occasion he
the Secretary when this development of the forces in has said, " I will not take a bond that has not stood
operation took place, it muBt be borne in mind (1) the test of a panic, and that is not as good in London
that the industrial situation was sound, but that the as it is here." Then, again, he adds that "a reserve
monetary condition and prospect were threatening. must be carried against deposits secured by other than
These limitations, it will be ob(2) that the crisis was not natural but artificial, Government bonds."
being the direct result of the Government Sab-Treas- served, do not put any limit to the principle involved.
ury arrangements; (3) that the operations of that sys- If bonds other than Government bonds can be taken
tem were, as stated, continuing, and if allowed to pro- for deposits in the way adopted, they can, if the
gress would speedily involve all business interests; occasion makes it appear desirable, be taken for all
and (4) that with money at 20 per cent foreign ex- deposits.
change showed no evidence of a relief through gold
There is, though, one adverse influence that Is likely
imports, rates even rising instead of felling.
to keep the money market sensitive for the present at
At this juncture of adverse Ir>fluences,what has the least, from which no relief has been suggested, and
Secretary done? According to our view he has shown none can be; indeed, the lower rate of interest progreat common sense, although, as we said above, he duced through the Secretary's devices has a tendency
has given evidence of being something of an iconoclast to aggravate this situation. We of course refer to
by antagoczing, if not shattering, cherished beliefs. the upward tendency of our foreign exchange rates
There are a good many in conservative classes who and of the less favorable condition of our foreign
have felt that the 25 per-cent requirement on deposing trade balance. We are importing foreign goods in
was an arrangement not to be violated under any kind much larger amounts than a year ago; iron and steel
Others have believed that it furnished a have long been conspicuous in that way, and coal has
of pressure.
Besides these artithough
fund for use,
only in an emergency; and this more recently become prominent.
latter view bad become the prevailing idea in monetary cles, the large demand and high prices of all commodia the
circles. Bat Mr. Shaw has concluded that Government ties are increasln g gon eral merchandise Imports.
specyear
ago,
smaller
than
a
deposits for which the United States Treasurer al- other hand exports are
ready holds Government bonds as security can be ulation and consequent higher prices checking their
deducted in making up net deposits if he so orders; outflow. When to these facts we add the higher
that the law admits of that construction, and that it official minimum rate for money in London, it can
desirable to relieve Government deposits from be no surprise that the prospective gold flow has shown
is
requirements;
hence he so rules. a tendency to change from an import to an export
the reserve
Almost any one acquainted with the situation movement. What will be the actual outcome we canTo-day it certainly looks as if
will accept that action as being under the circum- not of course say.
stances highly commendable. A man of straw would shipments of that metal would be an early event.
not have had the courage to make so radical a change,
The ccal strike has reached such a pass that the
but though radical It is no doubt right. It will stand
the ordeal of future discussion and while done to meet public is getting to feel more and more that the disan emergency will, we oelieve, become the permanent grace of its continuance rests wholly upon the officials
There are plenty of men to man
practice of the Government. It is along step towards of Pennsylvania.
the mines who want to work, but they are afraid to
a freer banking system.
We hold the same opinion, too, with relation to the do so because if they do their lives and the lives of
other important innovation Secretary Shaw has their families will be in danger. They have good reason
Secretary
iconoclast.
He
started
off,
to he
of
in his efforts to deal with
adopted. Indeed, during the years that are past we have
often in our articles with relation to an amendment
to be
the
afraid because a daily incident
men who
seek work now, some
is
that
among
who attempt
it
are
October
killed, while
maimed and
jured and
THE CHRONICLE.
1902.]
4,
their
families
their
homes are
persecuted.
also
in-
Aside from
these brutal acts which the State permits, by not
using force enough to prevent them, there is a large
body ef men who are anxious to work, but by these
armed mobs
are prevented
from getting work.
It is
hardly necessary to say that every individual has the
right to work and the right to call upon the State to
defend him in the exercise of that privilege. The
whole power of Pennsylvania, and so far as necessary
of the Nation, should be brought into the service of
restoring order, stopping acts of savagery, and giving
every person who desires work the liberty to exercise
that right unmolested.
701
nated there is an increase of 15 per cent the present
year following an increase of 18 1 per cent last year.
These clearings outside of New York aggregated for
September 1902 3,362 million dollars, as against 2,924
million dollars in September 1901, 2,470 millions in September 1900 and 2,680 millions in September 1899. The
showing on that basis is really not materially different
than when comparison is with the tola's for the
whole country including New York. Tne3e grand
totals show 10,167 millions far September 1902, against
7,971 millions in 1901, 5,267 millions in 1900 and 7,080
millions in 1899. The further improvement in clearings
the present year extends to all the various sections of
the country, and moreover there are very few separate
In the New England
way of handling the situation is accountable. An section the increase over last year is only 1*2 per cent,
enormous number of poor men and men of moderate but that follows mainly because of the small gain at
means are in great distress because they cannot buy Boston. For the Middle States group of places, incoal, and because every day the strike is continued cluding New York, the increase is 33*3 per cent ; for
makes it less likely that they can get their winter's the Middle Western group the increase is 13*7 per
B sides all cent; for the Far Western group 13 2 percent; for
supply at a price they can afford to pay.
this, even if the strikers were seeking their object in the Pacific group 29*4 per cent and for the Southern
a peaceable way, they could not gain public sympathy group 226 per cent.
There
is
also another great
wrong
for
which
this lax
places
which do not share in
it.
because they have no excuse for
It is worth pointing out, too, that records of merleaving their work, and because if they could secure
what they are seeking they would simply cripple all cm'ile failures are also on the whole very encouragWe need not repeat our reasons ing. Dun's Review has this week published the figour industries.
They have been given so of cen ures for the first nine months of 1902, showing 8,723
statements.
for these
It is well failures in number with aggregate liabilities of $113,that there is no need for a repetition.
enough to add, however, that the consultations a 434,688, compared with 8,144 defaults in the corresin their endeavor
Washington and elsewhere about how to settle the ponding months of 1901 with a total indebtedness of
The editor of the R jview points out
strike, of which we are haviDg another instance this $97,856,416.
week, have become extremely tiresome. We trust the that from these totals should be deducted the failures
current effort may be as successful as its promoters of "banks and other financial institutions and overanticipate; but the movement looks to us as having capitalized stock companies," which numbered 47 this
been ill judged more likely to defer a settlement of year and involved $28,027,198, against 61 in 1901 with
—
the controversy than to hasten
The continued
increase in
activity of trade, together with the
Stock Exchange
volume
Daring the
swelling the
figuree.
liabilities of
it.
totals of clearings fell
speculation,
is
again
bank clearings to unusual
first six months of 1902 the
of
much below
the figures for the
corresponding period last year, mainly on account of
the smaller transactions on the Stock Exchange.
The last three months, however, the returns have been
recording gains and these gains have been growing in
For July the increase was 8*7 per cent,
for August 12 per cent, while now for September an
addition of 27i per cent is shown. It must not be
supposed that the September figures the present year
compare with diminished totals last year. On the
contrary our September statement at that time showed
no less than 41*5 per cent addition. The further
improvement of 27$ per cent in that month in 1902 is
therefore decidedly significant.
Of course due allowance must be made for the greater volume of business
done on the Stock Exchange, which, though largely
cleared through the Stock Clearing House, yet adds
magnitude.
$17,295,554.
This reduces the strictly
commercial failures to 8,676 and the amount of liabilities to $85,407,490, compared with 8,083 last year for
$80,560,862. It is also pointed out that comparison
is with very light totals last year.
The showing is
hence regarded as very encouraging, particularly
bearing in mind that conditions have been trying.
Reference is made to the fact, that in many lines of
trade competition has grown keen as new men and
new capital enter the field. Labor struggles have
been of greater magnitude and duration, and abnormal
prices of raw material have added to the difficulties
of manufacturers. Besides this, traffic congestion has
seriously delayed delivery of goods and caused much
inconvenience
and
money has been
a
loss,
while
recently
new complication
stringent
in affairs.
While the anthracite coal roads are making very
poor
statements of earnings, reflecting the loss
incurred by reason of the miners' strike, the Pennsylvania Railroad continues its noteworthy record of
improvement.
The statement for the month of
August has been made public this week and shows an
ordinary bank clearings.
increase over the large totals of last year of $892,400
on the New York S:ock Exchange in September 1902 reached 20,972,253 shares, as against
13,990,195 shares in September 1901 and only 5,169,966 shares in September 1900.
But the expansion in that Item by no means accounts for the full amount of the increase in bank exchanges. We get a better idea of what is going on
in the mercantile world when we tak8 the figures outside of New York.
Even with this centre thus elimi-
in the gross earnings on the lines directly operated
nevertheless
Tne
sales
materially to
Pittsburg and Erie and of $382,700 on the
west of Pittsburg and Erie,
making $1,275,100 for the combined lines. It should
eaBt
of
lines directly operated
augmented expenses have
this increase, the expanses on
be observed, however, that
consumed the whole
of
$833,400, leaving only
$59,000 gain in net, and the expenses on the Western
lines having risen $170,200. musing an actual decrease
the Eastern lines having risen
1
THE CHRONICLE.
702
in net on tbese lines of $87,500.
Last year in August
[Vol.
On
LXXV.
was rumored that the Secthe statement showed $986,200 increase in gross and retary's action in that particular had been overruled
$636,500 increase in net on the Eastern lines and by the Comptroller of the Currency, but the report
$822,600 increase in gross and $244,500 increase in was promptly denied. The Secretary also announced
net on the Western lines, making together a gain at that he would authorize the subsitution for the 2 per
that time of $1,808,800 in gross and of $881,000 in cent consols now held as pledge for public deposits
net.
We furnish herewith oar usual comparison for of such securities as savings banks are permitted to
Aagust and the eight months since January 1 for the invest in, at a sufficient margin, upon condition that
lines east of Pittsburg
the only portion of the system circulation shall be immediately taken out by the bank
to the full value of the 2 per cent consols thus released.
for which we have the data for such a comparison.
Subsequently, on his return to Washington, the
Lines bast of
1899.
1898.
1897.
1900.
1901.
1902.
Secretary appointed a committee consisting of AsPlTTBBUBG.
sistant Secretary Ailes, Treasurer Egberts and CompAugust.
t
t
f
1
t
*
GroiB earnings.. 10,108.980 9.214,590 7,401,361 6,5S6,4«1 5,723,0fll 6.858 961
troller Rldgeley to pass upon the securities other than
Operat'e expenses 6.264,628 6,481,18- 4,569,616 1,275,246 3168 316 3,57 1,046
Net earnings. 3,843,46. 3,783,462 2,832,816 2,811,215 2,264.715 2,287,916 Government bonds which might be offered as pledge
for deposits under this authorization.
Mr. Shaw also
Jan. 1 to Aug. 31.
Gross earnings.. 73.298,3e& 66,017,1 6» 65 013,367 46.817.C6: 4\248,e6? 10,028.867
stated officially in explanation of his above-mentioned
Operat'g expense* 48,l73,bl2 13,129,8)2 37,723,171 33,181,3:1 2P,74?,771 28 31 7,8:
Net earnings 25,180,067 22,687,857 17,280.196 12.625,69b 12.504.8E6 12,5-0.996 order that no new deposits will be made on any security other than Government bonds eo long as such
Notk.— These figures Include the Buffalo & Allegheny Valley Division for 1901 and 1902. In August, 1901, the earnings of this division bonds can be obtained.
It was reported on Thursday
were, approximately, gross. $826,429; net, $314,647. From January
1 to Aug. 31 the earnings of this division in 1901 were approxi- from Washington that the above-mentioned committee
mately $5,176,502 gross and $1,757,561 net.
had agreed to take the standard of this State with re$133,000,000.
Friday
it
—
The Bank
England official /ate of discount was
advanced this week from 3 per cent to 4 per cent;
there was no change in official rates by any of the
Continental banks. The most notable feature of the
statement of the New York Associated Banks last
week was a net increase of $1,790,700 in the cash re
of
serve, whereas the estimates generally indicated an
important decrease in this item. In consequence of
this gain in cash and also of a reduction in the reserve
requirements by $3,087,975 ihrough a decrease of $12,351,900 in deposits, the reserve of cash agaiost depos.
its was augmented by $4,878,675 to $3,236,625 surplus,
week of $1,642,Loans were decreased $13,352,600.
The cash in the banks has been directly affected
this week by the receipt of $325,000 gold from Europe,
of $700,000 transferred from San Francisco for account
of New York bai kers and of $200,000 representing
Yukon geld deposited at San Francisco, making a
gard to savings bank investments as a basis for its ac»
What the conditions of the law
in respect to New York State savings bank invest-
ceptance of bonds.
ments is will be found brought down to latest date in
our State and City Supplement to be issued next
Washington advices say that security other
week.
than Government bonds, consisting of New York and
Philadelphia bonds, have been accepted by the Secretary as pledge for $1,000,000 of public deposits
and that
applications for $2,000,000 deposits against security
other than United States bonds have been received by
the Department.
against a deficiency in the previous
Money
050.
This amount has been nearly
offset by the shipment of $150,000 gold to Canada
and the transfer of $860,000 to New Orleans and
Chicago. Payments of rebated interest, which began
October 1, have amounted at all the Sub-Treasurits
Purchases of the 5 per cent bonds of
to $1,450,000.
1904 to the amount of $4,500 have been reported.
Payments of October interest in September were
$3,400,000. It is noteworthy that the receipts for
Customs at New York for the first quarter of the fiscal
year ended September 30 were greater by $8,771,950
than those for the corresponding period last year.
Keceipts for July were $15,924,125, for August $16,230,359 and for September $16,947,179.
$1,225,000.
total of
Secretary
Shaw came
to this city on
Monday
for the
purposo of consulting with New York bankers as to the
measures which it seemed necessary should be taken
by the Treasury Department to relieve the tension In
the money market, which had then become acute.
On Tuesday he announced that a reserve against those
deposits of public funds in depositary banks which
are secured by Government bonds would no longer be
required.
The
effect of
this
order would, he stated,
amount of net deposits in the New
York banks, as shown by this week's bank statement, by about $40,000,000 and also the net deposits
be to reduce the
In
all
the
depositaries
in
the country by about
on
call
representing
bankers'
balances
loaned during the week on the Stock Exchange at 35
per cent and at 3 per cent, averaging about 14
cent.
On Monday,
per
influenced by a calling of loans
preparatory to the October settlements and also by a
disturbed stock market caused by extensive liquidation,
money advanced to 35 per cent, and though loans
were made at 12 per cent the bulk of the business was
On Tuesday transactions were at 18
at 20 per cent.
per cent and at 3 per cent, with the majority at 14 per
cent.
of
The lower
rate resulted
from the anticipation
the payment by private bankers of considerable
Bums representing dividends and interest due
On Wednesday, influenced
on the following day.
the
above noted action of
the Treasury, and
aleo
by the
Secretary of
prompt disbursement of the October interest, the
tone was easier, and loans were made at 10 per cent
and at 6 per cent, with the bulk of the business at 8
per cent.
On Thursday transactions were at 9 per
cent and at 6 per cent, with the majority at 8 per cent.
On Friday loans were at 8 per cent and at 5£ per cent,
Hanks
with the bulk of the business at 7 per cent.
and trust companies have loaned at 6 per cent as the
minimum, though some have placed their funds at the
There was a good dehigher Stock Exchange rates.
mand for time money, and loans for ninety days were
made at 6 per cent and a commission ranging from \
of 1 to 1 per cent, while 6 per cent was the quotation
for four to six months; all leans were on good mixtd
Stock Exchange collateral. The offerings were chiefly
confined to trust companies, and very few banks were
disposed to loan on time. No looal business was done
in commercial paper, and rates continue nominal at 6
in
part
by
the
..
October
THE CHRONICLE.
4, 1903.]
703
per cent for sixty to ninety-day endorsed bills receiv- for cables at 4 8650@4 8675. The tone was firm on
The following shows daily posted rateB for
able, 6 per cent for prime and 6£ per cent for good Friday.
exchange by some of the leading drawers.
four to six months' single names.
FRL.
England minimum rate of discount
was increased this week from 3 per cent, at which it
had stood since February 6, to 4 per cent. The cable
reports discounts of sixty to ninety day bank bills in
London 3£@3f per cent. The open market rate at Paris
is 24, per cent and at Bsrlin and Frankfort it is 2f
per cent. Accordiog to our special cable from London, the Btnk of Eagland lost £1,509,934 bullion
during the week and held £35,842,414 at the close of
The Bank
Oar correspondent farther
the week.
Britain,
and
to imports of
£60,000 from Australia.
Sight
Baring,
j 60 days
Magoun&Co.. \ Sight
Bank British
j 60 days
No. America., \ Sight
( 60 days
Bank of
(
.
Merchants' Bk.
of Canada
The expectation
. . .
(Sight..
( 60 days
( Sight
Tne market
4
4
4
86*
83*
86*
83
83
83
86*
83*
80*
83*
86*
83*
86*
8«*
8«*
83*
86*
83*
86*
86*
8<*
86*
83*
86*
81*
86*
83*
8>*
81*
86*
n*
8.1*
81*
86*
86*
83*
8«*
83*
86*
8<*
86*
81*
86*
81*
86*
81*
86*
81*
86*
closed
83@
4 8310
at
Oct
«*
8B*
86*
86@4 8615
4
1.
Thttr.,
Oct. 2.
Oct. s.
83*
87
r
83*
83*
86*
88*
81*
81*
86*
83*
83*
87
87
83*
83*
8?
87
83*
80*
83*
86*
for
long,
87
87
83*
87
£*
86*
83*
''he
;o
for short
movements of money
by the New York banks.
following gives the week's
and from the interior
TTMfc
Bndino
Oct. 3, 1903.
Htnivtd b%
S. T Bonk..
bills
that the
would be advanced had some influence on
lUnk
Wednesday, and on the morning of the following day
the announcement of the higher Bank rate caused a
sharp rise in exchange. In the afternoon, however,
WED.,
2tf.
and 4 8650@4 8665 for cables.
Commercial on banks 4 82^@4 82| and documents
Cotton for payment 4 82@
for payment 4 82@4 83.
4 82£, cotton for acceptance 4 82£@4 82£ and grain
for payment 4 82|@4 83.
4
when money grew easier. There was a good
demand on Monday and Tuesday for remittance for
next week.
4
4
4
83*
86*
83*
86*
83*
86*
83*
86*
83*
86*
81*
<
day,
deliverable
4
4
(
foreign exchange market was generally firm
early in the week, notwithstanding the high rates for
money, and it was quite strong on and after Wednes-
inquiry for
4
4
4
Montreal
\ Sight..
Canadian Bank t 60 days 4
of Commerce.. 1 Sight.. 4
Heldelbach, Ick 60 days 4
elheimer & o. .(Sight.. 4 8(5*
60 days 4 8'*
Lazard Freres
The
settlements, aid one feature was an
HO days
X
advises us that
£440,000 were to South America, £300,000 were to
Egypt and £50,000 to miscellaneous points), to shipments of £780,000 net to the interior of Great
5
Brown Bros
exports of £790,000 (of which
the loss was due to
TrrE8..
Sept. 30.
MON.,
Sept. *6. Sept.
of
rate
&hi*9*& bv
JV.
T.
N$t lnt$rur
Mov*m$nt.
Bank:
|4 028.OO(.
800,000
15,762 000
949.00*
Loss 11.729.000
149 000
Loss
I4.823.00C
16,701,000
Loss. 1 1,878,000
With the Sub-Treasury operations the result
is
as
follows.
the substitution of a slower ship for the regular Saturday European steamer caused an abatement of the in-
Commercial bills were
but they were
week,
quite plmtiful early in the
promptly taken, leaving the market almost bare. The
supply of bankers' bills was only moderate and inquiry, ftnd the
sufficient
to
National City
market
fell off.
demand.
Ou M>nday
meet
the
B*nk
received $300,000, and on the fol
L'he
following table indicates the
amount
of bullion
*he principal European banks.
the
lowing d»y $126,000 gold from Europe, representing
part of the South African consignment previously announced as engaged. Is is reported that $4 000.000
Australian goli wi
day.
The Assay
1
arrive at
San Francisco on
M Hi-
Office paid $1,906,698 35 for douiestie
and $1,214,835 38 for foreign bullion, which includes
$900,000 on account of last week's deposit and $110,000 of this week's. Gold received at the Custom
House during the week $327>663.
Nominal quotations for exchange are 4 83£ for sixty
day and 4 86^@4 87 for sight. Some business was THE TREASURY'S RELIEF TO THE
done on Saturday of last week in long and short, at
MARKET.
unchanged rates compared with those on the previous
Secretary Shaw's announcements of last Tuesday,
day, and in cables at a concession of 5 points, to^4 86lo granting what may be called the limit of available
@4 8625. On Monday there was an advance of 15 relief from the Treasury to the money market, have
points in long to 4 8240@4 8250 and in short of 5 in many respects modified the situation.
They cerpoints to 4 8660@4 80, while cables were 6 to 10 points
aiuly averted a very awkward state of affairs, reflected
higher at 4 8615@4 8635. On Tuesday long rose 15 in the demoralized stock market of Monday. The
MOSEY
'
points to 4
8255@4
8265, short 5 points to 4
8565@
4 8575 and cables 10 points to 4 8625@4 8640; the
tone was firm. On Wednesday the market was strong
at an advance of 10 points for long to 4 8265@4 8285,
of 20 points for short; to 4 8585@4 86 and of 10 points
very sharp recovery in prices
Secretary's
announcement
fairly
which followed the
measured the market's
feding of relief. I: may also be said that the subsequent irregularity in stocks, though accompanied
generally with firmness, is an index to doubts as to
in cables to 4 8625@@4 8650.
On Thursday the tone the precise results of the Treasury's move.
was quite strong in the morning, influenced by the
This attitude was reasonable, especially in contrast
rise in the Bank rate, but later the market fell off with the first outbreak of something like exultation
because of the withdrawal, as above noted, of the fast over the Secretary's announcement. The truth is,
steamer scheduled for to-day (Saturday). Rates were that a good deal was taken for granted in this first
20 points higher for long at 4 8285@4 83, 15 points enthusiasm. To begin with, Mr. Shaw's proposition
batter for short at 4 86@4 8615 and 25 points higher was not clearly understood on its original announce-
—
THE CHRONICLE.
704
[Vol.
LXXV,
ment. The Secretary's qualified offer to allow banks part of the caution advised in the case of the Bank of
holding Government deposits to substitute other se- England should not apply In the case of our city
curity for part of their United States bond collateral banks.
While our banks, we believe, clearly recognize this
was hastily assumed in many quarters to mean that
the bonds thus released might be used to obtain fresh fact in the situation, they also recognize numerous
Government deposits. But the Secretary has since uncertainties in the immediate situation such as
made it plain that no such result was contemplated. would naturally inspire caution. The acute strain on
He has expressly stipulated that the Government bank resources is ended. In addition to the Treasury's
bonds released must be used for the taking out of measures of relief the market has received gome foradditional note circulation. No additional Govern- eign gold this week, and should receive next week
ment money would therefore come into the market some $4,000,000 gold now on its way from Australia.
Within a short period the export movement of the
on the b sis of that offer.
The bearing of the Secretary's removal of the crops will begin In earnest, providing, as usual, the
reserve requirement against public deposits is some- remittances needed on foreign exchange account.
what different. Here a potential increase in bank But it is not yet certain what our position on intercredits available for the market's use could be reasoned national exchange^will be even then; the rise in the
It was plain Bank of England rate last Thursday and the general
out very considerable in amount.
25-per-cent
reserve hardening of money rates on the European Continent
the
that
the
removal
of
enough
rule against public deposits in the New York banks suggest some reluctance in granting this market gold
of some $40,000,000 would add $10,000,000 to the at once; and in the meantime demand for currency
harvest district and for credits in the proswas perhaps natural that borrowers who perous mercantile community continues.
A'l these facts are very far from suggesting signs of
had been paying unusually high rates for their Stock
Exchange loans should have assumed that the way danger; but they provide sufficient reason for caution
was open for large new loans, and for the creation, until the situation has cleared up; and they certainly
give no warrant for encouraging an outburst of stock
if necessary, of $40,000,000 fresh liabilities.
But there were several other considerations which speculation on the basis of borrowed money. It is a
To begin with, the sur- gratifying fact that this phase of the situation has
this assumption overlooked.
The substantial been promptly and unanimously recogn'zed by the
plus reserve was already very low.
gain of last Saturday put an end to the deficiency be- banks this week, and that credits were not expanded
low the 25-per-cent limit; but it still left the surplus after the Treasury's announcement in the free-handed
at the lowest figure reported at this time in a dozen way which the speculative community may have
years, except in the strain of the Boer war outbreak, wished.
during the autumn of 1899. If the $10,000,000 reTHE PROGRESS OF THE
leased from reserve against public deposits were to be
amount hitherto held
liabilities.
as reserve against other deposit
in the
It
NEW YORK
transferred bodily to the
general
CENTRAL.
surplus reserve,
and the position of the Associated Barks was to be
altered in no other regard, the surplus would be raised
no higher than the normal average of the seaBon. ThiB
of Itself was a potent argument against an immediate
increase of loans and liabilities to correspond with
Like other large railway systems, the
New York
& Hudson
Kiver RR. Co. presents a very favorable and gratifying report for the year ending June
Central
30 1902.
As pointed out on previous
occasions, the
feature In the Central's affairs in recent years has been
the efforts made to extend and develop the traffic of
were the system in new directions and the success attendlikely to look atkance at a plan of immediate ing these efforts. With the same end in view, notable
There has been, all along, a feeling increases have been and still are being made by the
expansion.
among the banks themselves that the relatively weak company in its facilities for procuring and handling
showing of reserves was unfortunate at a time when traffic, both passenger and freight.
For the late period of twelve months the total of
so large a part of the bank liabilities was made up of
the reserves of the trust companies. As against their the gross earnings passed the 70- million mark, being
own $897,000,000 deposits, these New York trust $70,903,868. This is on 3,320 miles of road and Incompanies held, by their July statements, only $10,. cludes the Boston & Albany Riilroad. In the year
preceding the amount on practically the same mile481,000 ^cash on hand a percentage of barely 1^
the balance of their reserve, amounting to some age was only $66,333,110, giving an increase for the
In 1900-01 gross earnIt has twelve months of $4,570,767.
$118,496,000 being deposited in banks.
been frequently pointed out that this system of re ings without the Boston & Albany were $56,401,714.
deposited reserves merely duplicates the practice of The year before that is, 1899-1900 the amount was
the joint-stock banks of London. But it is not to be $54,562,951, aud in 1898-99 but $48,124,015, these latoverlooked by prudent critics that the Bank of Eng- ter comparisons being on a substantially unchanged
land holds, as against these and its other deposit lia- mileage. We thus see that in the two years frcm
bilities, an habitual reserve of no less than 40 per cent 1898-99 to 1900 01 there was an addition to gross of
a reserve which frequently rises above 50 per cent, $8,277,699 and that in the late year there was a furand whose fall to the neighborhood of 30 is made the ther addition of $4,570,757.
Another Indication of the expansion in the revenue
Walter Bagehot
occasion for outspoken warnings.
went so far as to say of these joint-stock deposits that of the system may be referred to. We published last
they "ought to be used with extreme caution; that as week the company's gross earnings for the three
they entail a liability peculiarly great and difficult to months which have elapsed since the close of the
The
foresee, they ought never to be used like a common fiscal year covered by the report now before us.
period
of
three
the
this
months
aggregate
of
gross
for
trust
company
in
deposits
deposit." The case of our
If we go back to
it
can
hardly
but
be that was, roughly, 19^ million dollars.
similar,
exactly
not
bank is
the book-keeping increase in reserves.
There are other reasons why the banks
—
—
—
—
—
October
4.
1903.]
THE CHRONICLE.
705
1884 85 we find that at mat time the Central earned crease does not indicate that shippers had to pay
less than 24^ million dollars in a whole period of more in any case for the transportation of their
means simply that the loss in tonIt
twelve months. In the interval since then the length goods.
of road operated has been considerably increased, the rage (agricultural produce, etc.) was in the classesBeech Greek, the Kome Watertown & Ogdensburg bearing the lowest rates, while the gains were in artiand some other roads having been added. Neverthe- cles of manufacture, etc., paying very much better
There must also have been an increase in the
less such a contrast serves in a graphic way to show rates.
how greatly the operations of the system have been proportion of local or way freight (on which rates are
better), as the average length of haul for 1901-02 waa
expanded during the last twelve or fifteen years.
The late year's further increase of $4,570,767 in a trifle less than for 1900-01, being 180 miles, against
The changes here noted in the character
gross earnings without any addition to mileage is 181 miles.
especially significant as revealing the new kinds of and composition of the traffic tended to lower the
As compared with average train-load, but we observe that the average
traffic that are being built up.
the year preceding the company lost no less than was maintained pretty close to the high figure of the
In
It lost 367,746 previous year, being 342 tons, against 351 tons.
1,678,426 tons in its grain traffic.
paying
business,
better
but
The reader of brief, the company had a
tons more in fruits and vegetables.
these
Including company freight
for
decreases. a somewhat lighter load.
reasons
the
with
course is familiar
The explanation is found in last season's disastrous the average train-load was 387 tons in 1901 2, against
drought, which so materially reduced the volume of 392 tons in 1900-01 only five tons less. This is on
nearly all the products of agriculture. There was a the basis of the inclusion of the Boston & Albany.
further loss of 67,724 tons in the traffic in live stock, With the Boston & Albany left out, the average©
In addi- would be higher in both years.
dressed meats, etc., due to the same cause.
tion to all this the company suffered a heavy decrease
While of the $4,570,757 increase in gross earnings,
reason
of
the
coal
traffic
by
coal
in its anthracite
$1,109,380 came from freight, the contribution of the
miners' strike.
This strike affected tonnage during passenger department was as much as $2,910,728. In
the last two months of the fiscal year, it having been part this latter gain followed from an exceptional
inaugurated May 12. The New York Central is not cause. There was a substantial improvement in general
commonly lcoked upon as being much of a carrier of travel, but besides that the Pan American Exposition
anthracite, and yet we find from the report that the at Buffalo operated to create a special volume of passamount of its anthracite freight tonnage In 1901-02 was enger business during the summer and fall of 1901.
—
3,397,897 tons,as against 4,202,157 tons in 1900-01,thu8
Comparisons of earnings in the months which have
showing a falling off of no less than 804,260 tons. elapsed since the close of the fiscal year have been
This falling off was offset to the extent of only 435,012 with the period in 1901 when the Buffalo Expositons by an increase in the shipments of bituminous tion served so greatly to enlarge the passsenger
coal.
earnings.
Yet notwithstanding the absence of
Altogether, therefore, there was a contraction of this special favoring circumstance, the statement we
pretty nearly three million tons in the shipments of published last week showed gross earnings for the
grain, of live stock, etc., of fruits and vegetables and quarter ending September 30 1902 to be fully up to those
But in the aggregate of all kinds for the corresponding three months of 1901, or $19,of anthracite coal.
of freight the falling off has been no more than 831,- 460,700, against $19,422,234.
In such results we have
137 tons. It follows that there was an increase of another illustration of the remarkable growth in the
over two million tons in the other items and classes of traffic of the system.
The demonstration becomes
freight.
Examination of the traffic statistics demon- still more striking when we take the figures for the
strates that this increase extended to practically all month of September by itself.
In that month in 1901
the leading articles of traffic. For instance the lum- the increase in passenger earnings had been no less
ber shipments were 294,859 tons larger; iron and steel' than $801,272, or roughly 40 per cent.
The falling
130,636 tons larger; other castings and machinery off, however, in the passenger earnings in September
124,739 tons larger; bar and sheet metal 115,110 tons the present year, with the Pan-American Exposition
larger; cement, brick and lime 238,145 tons larger; absent, has been only $400,000.
On the other hand,
merchandise 414,374 tons larger, etc., etc. These in- as against this loss of, roughly, $400,000 in passenger
creases would not have been possible, of course, ex- receipts, there was an increase of $450,000 in the
cept for the activity and prosperity of trade through- freight receipts, leaving total gross earnings for Septout the United States, nor would they, on the other ember 1902 a little larger even than in September 1901,
hand, have been possible if the property had not been when the Buffalo Exposition was a factor in the reso managed as to take advantage of these favoring sults.
conditions.
The
One
which has been enormously developed in recent years has been the coal
better average tonnage.
Notwithstanding the falling off in the
of the classes of tonnage
decrease in the agricultural tonnage had the
company a elightly
rate, with the result that though the road moved coal
shipments, the
company
831,137 tons less of freight (in the tonnage movement altogether almost 12,000,000 tons
effect of giving the
one mile the decrease was 199,296,239, or roughly 3
per cent) earnings from freight traffic increased $1,In the previous fiscal year the earnings per
109,3^0.
ton per mile had been exactly 6 mills ; for the late
year the average was 6*3 mills per ton mile. The
figures, it is proper to say, include the operations of
the Boston & Albany in both years.
On the Central
by itself the average would be much lower.
We
need hardly say that the late year's slight in.
in
1901 2
of coal
moved
and coke
11,668,572 tons, being over 30 per cent of the entire
freight traffic of the year.
As recently as 1890 the
coal
and coke tonnage amounted to only 3,887,141
The efforts being made to still further enlarge
tonnage and to handle it expeditiously and with
increasing economy were set out by us a year ago.
The Beech Creek Extension Railroad, which has been
built with this purpose in view, was completed durirg
the year and was put in operation the first of July
tons.
this
—
THE CHRONICLE.
706
1902.
over
This road, together with certain trackage rig tits
the
Philadelphia
&
Erie,
gives
the
Central
attention.
[Vol.
The company
estate, a tax
is
LXXV.
obliged to pay a tax on real
on stock, a tax on
its bonded debt and a
an additional low grade outlet (via Karthaus, tax on its earnings. Altogether the call for taxes in
Keating and Yonngdale) for coal shipments from the late year was $3,644,463. The amount distributed
the Clearfield district,
and at the same time in dividends in the same period of twelve months was
relieves
the congestion of
traffic
previously
exist
ing on the Central's old line out of the Clearfield district. As indicating the benefits to result, it may be
noted that one engine is able to haul 60 cars in 8 hours
over the new line, where it takes 5 engines 30 hours to
haul 40 cars over the hill on the old road. The New
York Central owns the Clearfield Bituminous Coal
Corporation and has a large interest in the Beech
Creek Coal & Coke Company. The B9ech Creek Extension furnishes an economical outlet for this cohI
north over the Central's main line and thence for
distribution in New England.
The Central also has
traffic contracts with the Buffalo Rochester & Pittsburg on the West and with the Philadelphia &
Beading on the East.
Improvements similar to those effected by the new
line out of the Clearfield District are being planned
for the Spangler District.
The report states that for
the purpose of avoiding the heavier grade and longer
haul from the Spangler District via Patton an extension of the Pittsburg & Eastern Railroad (a line
owned jointly by the Central and Pennsylvania Rail
road) has been authorized.
With gross earnings
in 1901-02 increased $4,570,757,
the addition to the net was no more than $295,484,
there having been an augmentation in expenses of
The
$4,275,273.
that material cost more and that there was added
report notes that wages were higher,
amount paid in taxes
was 60 per cent of the amount paid in dividends.
However, the year was a prosperous one, and the
$5,961,411, showing that the
company was able
meet these large taxes and the
5 per cent dividends and yet show a remainder on the
operations of the twelve months in the sum of $2,065,to
306. Following the practice of previous years, $1,750,000 of this amount was contributed to a special im-
provement fund created for the purpose of defraying
the cost of extensive betterments mainly for bridges,
etc.
The appropriation in this way out of the earnings of the previous year had been $1,500,000, and
—
out of the earnings of the year preceding $2,000,000,
making altogether 5£ million dollars appropriated
from surplus earnings during the last three years. Up
to
June 30 1902 only $3,515,127
spent, leaving
still
fund had been
date mentioned
of this
available at the
$1,734,873.
The company
is carrying out a very extensive system
improvements, and for the late year the total outlay
for renewals and improvements reached the large sum
of
of $12,962,502.
Of
this,
$2,100,804 was charged di-
rectly to operating expenses, $1,836,835
was provided
out of the special fund just referred to, and of the remainder, $4,714,257 was charged to capital account
and $4,310,605 to funds provided by lessor companies.
Upon the Weehawken terminal improvements $915,963 was expended during the year.
This includes
three new piers and one quarter of a mile of bulkheads.
Much more money will have to be spent at
the same point, particularly in connection with the
expense incident to the heavier volume of passenger
Most important of all, however, there were
business.
expenditures
for additions and improvements to
large
the property. Of the total augmentation in experjs-s building of the new 2,000,000 bushel elevator, the
foundation for which was laid in the late year. The
of $4,275,273, only $1,828,027 was in the cost of con
Outlays for renewals and extensive and radical changes contemplated in the
ducting transportation.
improvements, which had been very large in the pre- passenger terminal facilities at the Grand Central
ceding year, were still larger in 1901-02, the amount Depot will of course involve a very heavy outlay,
spent upon maintenance of way and structures in- but the plans have,of course, not yet been fully matured.
The slure capital of the company was increased
creasing $781,066 and the amount upon maintenance
of equipment $1,438,025, making altogether $2,229,- $16,912,900 during the year, making the total of out091 of increased expenditures upon maintenance standing stock on June 30 1902 $131,912,900. On
this enlarged amount of stock the dividend requireaccount. The magnitude of these outlays will be ap
ments at 5 per cent will be $6,595,645, as against the
maintenance
that
for
and
of way
parent when we say
structures they averaged $2,590 per mile of road $5 961,411 paid out for dividends in the late year.
operated and for maintenance of way and structures As bearing upon this and future increases in the
and maintenance of equipment combined they aver dividend requirements, one feature in the affairs of
the Central should not be overlooked.
The company
aged no less than $5 383 per mile of road.
Another means of showing the increasing amounts has large amounts of high-rate bonds maturing the
spent in this way, and the growing efficiency and next three years $18,327,000 of 7s falling due Janeconomy which are being attained in operating, is to uary 1 1903; $5,727,095 of 6s falling due at the same
take the percentages of earnings for 1901 02 of each time; $5,175,000 of 6s maturiDg September 1 1904
leading group of expenses and compare with the cor- and $8,707,500 of 4s maturing in May and June 1906.
responding figures in previous years. For 1901 2 the Supposing all these ?ariou8 issues refunded at 3£ per
ratio of expenses to gross earnings was 66 09 per cent, the saving in charges as compared with the rates
cent; for 1897-98 the ratio was just 64 per cent.
But of interest now paid will be $905,784 per annum.
The $16,912,900 of new stock was sold to the sharein the earlier year the cost of conducting transporta
40*34
for
per
cent,
holders
at $125,80 that the company realized a premiresponsible
as
was
against
tion
only
On the other hand, um from the same of $4,228,225. A good part of the
38 37 per cent in the late year.
the percentage of the maintenance expenses, which proceeds of the new issue is still in the company's
had been no more than 21*20 per cent in 1897 98, was treasury; we notice that the balance sheet on June
25*20 per cent in the late year.
30 1902 reports $14,736,767 of cash on hand, this
The $4,275,273 increase in expenses is independent comparing with $5,721,202 of cash at the same date
—
where there was a further in the previous year. The report states that the
hundred thousand dollars
company purchased $3,000,000 of the stock of the
$383,490. The growing magnitude of these taxes arrests American Express Compaiy during the year.
In
of the
payments for
taxes,
increase of close to four
October
THE CHRONICLE.
1902.
4.
707
view of the large amounts contributed by this seivice and rental charges for the twelve months were $1,490,to the yearly earnings (the amount derived from the 153, hence leaving a surplus in the comfortable sum
Out of this, $124,990 was appropriated
express traffic in the late year having been $1,867,235), of $480,104.
the reason for this step is perfectly manifest. The by the board of directors in part payment of the cost
Through the operaofficials of the Central evidently felt that they should of improvements for the year.
have a voice in the management of a concern con- tion of the sinking funds the total of the funded debt
To
revenues of the system. was reduced from $27,634,500 to $26,869,500.
However, the investment is a profitable one apart provide, however, for the company's needs in the way
from that circumstance, the American Express Com of increased equipment, contracts for equipment costpany paying 8 per cent dividends. The report tells ing $738,458 were entered into, of which $138,458
The remaining $600,000 is
us that the stock was bought at $150. Hence it is well has been paid in cash.
much
tributing so
enough
to
the
to note that the
market price now
is
$250.
represented by an equipment trust, under which the
company pays $60,000 annually for ten years with
interest at 5 per cent.
WISCONSIN CENTRAL REPORT.
The Wisconsin Central in the fiscal year ending
June 30 19t2 had more favoring conditions, and as a
HOCKING VALLEY RESULTS.
The Hocking Valley Railway Company
const quence the report shows decided improvement in
both gross and net earnings. In the previous y*ar, it
one of
the smaller reorganized roads which with each sucterritory
conditions
in
its
had
remembered,
ceeding year make a more noteworthy showing in its
will be
been adverse and some falling off resulted in both annual report. This remark is true not alone of the
This loss was more than overcome in income results, which keep steadily improving, but also
gross and net.
the late year and both gross and net earnings rose to of the operating results. There are some features of
the largest figures reached since the reorganization of these latter which distinguish the road beyond most
the company.
The
others of the
total of the gross for the twelve
$6,041,470, as against only
months preceding.
extending to
all
pany's business.
months was
$5,324,274 in the twelve
The improvement was
general,
the different departments of the com-
President
Whitcomb observes
that
same
The present
is
of low
The company was reorganized on
a
charges and a glance at the
interest
income statement
position the
class.
only the third annual report issued
by the company.
basis
is
suffices
company holds
to
reveal
what a strong
in that regard.
With the
from iron ore further increase which occurred in the late year net
and from general freight, noted in the last annual re- earnings from operation, after deducting operating
Reference is also made to expenses and taxes, were $2,087,191, this comparing
port, were fully realized.
Adding
the good crops harvested in the Northwest the present with $1,867,972 in the year preceding.
local
territory.
Furtherthe
company's
from
investments
and
other
total
and
in
income
sources,
net
season
more, it is pointed out that the industrial develop- income for the twelve months was $2,591,740. As
ment along the company's lines, including new in- against this the charges for interest, lease rentals and
dustries established and old ones enlarged and im- deficit in the operation of subsidiary companies was
proved, continues unchecked. In view of all this only $989,368. It will thus be seen that there was a
es ery one will agree with President Whitcomb in his surplus above the charges in the large sum of $1,602,.
the expectation of better traffic returns
The company has $14,000,000 of preferred
statement that everything points to continued favor- 372.
months
the
three
which
In faot, for
stock on which 4 per cent dividends have been paid
able returns.
have elapsed since the close of the fiscal year gross almost from the start, and also $10,421,600 of common
earnings show a gain of $154,392.
s ock on which dividends are now being paid at the
Of the $717,196 increase in gross earnings for tbe rate of 3 per cent per annum. The total call for
late year, $416,910 waB absorbed by augmented ex
dividends on this basis was hardly more than half
Only $134,052 of this augmentation was in
the cost of conducting transportation and in general
expenses.
On the other hand, the addition to the
maintenance outlays was $282,857. This indicates
that the managers took advantage of the favorable
traffic results to enlarge their outlays in that way.
The report tells us that expenditures for improvements previously made are bringing results in the
saving of operating expenses, although this saving is
in part offset by the increased cost of material and
labor.
The statement is borne out on examination of
the traffic results. We need furnish only one illustration of the increased efficiency and, economy atpenses.
tained:
in
the
first
reorganized company
year of the operation of the
the average train-load (revenue
freight alone) was 258 tons;
in % 1900-01 this wasfunoreased to 260 tons; from the report now before us
we see that for the late year the average was brought
the $1,602,372 surplus remaining
— that
is,
was only
$872,648.
What adds
to the significance of these res alts
is
they are obtained on very low average rates.
that
The
and the general supposition has been that these coal roads in the Middle
West, where the Hocking Valley is located, were getting very much better rates on their coal tonnage, the
same as the bituminous coal roads to the seaboard.
The Hocking Valley,- however, shows no increase in its
road
is
a bituminous coal carrier
average, but rather a decrease, or at least a decrease
in its general average of rates, including
merchandise
This decrease brought the average
4*28
down to only
Such a low
mills per ton per mile.
rate makes necessary a high train-load in order to net
as well as coal.
a profit from the work.
The Hocking Valley has long
been distinguished in this respect and in the late year
established a new high record, there having been a
up to 287 tons.
further addition of 33 tons to the average, bringing it
Net earnings were increased from $1,857,811 to up to the extraordinary figure of 678 tons. We may
Deducting from this taxes (after allow- add that on the main line the average load was as
$2,158,096.
ing for other income received), there remained a much as 713 tons. Such achievements are evidently
balance of net income of $1,970,258.
The
interest
vi
ry creditable to the
management.
THE CHRONICLE.
708
Another point
[Vol.
LXXV,
worth noting. Gross earnings
daring the late year were inoreased from $4,663,258
Union Trust at the annual meeting in January.
meeting
of the stockholders for the purpose of acting on the proposed
Of the increase of $663,264, only $229,322 came from coal. On the other hand earnings from
increase has been called for December 8. They have been
asked, however, to waive the usual 60 days notice required. If
this is done action will be taken on October 15.
is
to $5,316,522.
general freight increased $377,081.
that the general business of the
It is thus
obvious
A
— Mr. James Kifer, who, as noted in our columns several
company is being
weeks ago, had addressed a communioation to the stocksatisfactorily extended and developed.
Such a show holders of the Exchange National Bank of
Pittsburg solicitIng for the late year is the more significant in view of ing an option on the stock for two months at $100 per share
the fact that for reasons well understood there was a
falling off in the agricultural tonnage.
Aggregate
freight traffic of
all
kinds increased roughly 1,400,000
Of this increase 771,000 tons was in coal and
cok3 and the rest in other kinds of freight.
tons.
STEMS ABOUT BANKS BANKERS AND TRUST CO.'S
—No
bank stocks were dealt
week, and only one
in at the auction sale this
lot (of 15 shares) of trust
company
stock
of $50, has further addressed the shareholders as follows:
Concluding my communication of August 27, 1 wish to Inform you,
view of the fact that there are over 600 shareholders, and It being
my desire to treat all alike, I have concluded and am ready to pay on
or before November 2, 1902, $116 a Share for 1 6,001 out of a total of
24,000 shares of the stock In the Exchange National Bank of Pittsburg; but after that the price will drop to book value, or to $80 60 a
share. Therefore, whether I hold your option or not, forward your
certlttoate, properly endorsed, for safe keeping and ready for payment
as above stated, to the care of the Colonial Tru-t Company, Pittsburg,
Pa., bearing In mind that first In, first accepted. Hence promptness
in
is
the condition of the price.
sold. Transactions in bank stock at the Stock Exchange
It will be remembered that President Mark W. Watson of
were limited to 5 shares. Several small lots of Seventh the bank, when knowledge came to him of Mr. Kifer's
National Bank stock were sold in the "curb" market at original circular, sent to the stockholders a letter in which
prices ranging from 165 to 170.
be said that the officers and directors knew little if anything
Price.
Lewi previous tale. of Mr. Kifer, and nothing whatever of his scheme, and that
Banks— Nev> York.
Shares.
*5 Commerce, National Bank of
310
Sept 1902— 345
they had no lot or part in it. He also said that it was the
Trust Companies— New York.
1,490
July 1902-1,551
15 Farmers' Loan & Trust Co
belief of the board and directors that it would be better and
safer
for all interested if the bank were carried on in the
* Sale at the Stock Exchange.
future
as in the past, as an independent institution.
Mr. Charles H. Fancher, President of the Irving Na
was
—
Bank of this city, was recently elected President of
the Bankers' Life Insurance Company, succeeding Mr. Rich
ard Morgan, resigned. Mr. William 8herer, Manager of the
New York Clearing House, and former Second Vice-President, was advanced to First Vice-President. Mr William
B. Reed, President of the Bankers' Safe Deposit Company,
was appointed Second Vice-President.
tional
—
the Fifth Avenue Trust
The vacancy
Company of this city created by the recent death of Mr.
Samuel D. Babcock was filled this week by the election as
member
in the board of
Frederic Cromwell, Treasurer of the
Mutual Life Insurance Company Mr. J. M. Pratt, formerly
Assistant- Secretary of the Fifth Avenue Trust, was lately promoted to Secretary, succeeding Mr. H. H. Swasey, resigned,
and Mr. J. Astley Griffin was appointed Assistant Secretary.
Mr. Griffiahas held the position of Loan Clerk with the City
Trust Co. since its incorporation, prior to which he was connected with the Kings County Trust Company of Brooklyn.
a
of Mr.
—The Jersey City Trust Co. began business
in its temporary offices at 611
on Wednesday
Newark Avenue, Jjrsey City.
—President W. I. Mustin, of the Pittsburg Stock Exchange, consummated on Saturday last a deal which provides
a new home for the Exchange. The property to be converted
is the old Mechanics' National Bank Building, which it has
been arranged to purchase for $300,000. Means of payment
have been provided by increasing the membership of the
Exchange from 1C0 to
and selling the additional 30 seats
Whitney & Stephenson, one of
the underwriters, subsequently sold one membership, contingent upon election, for $11,200, the highest price ever
at $;0,000 each.
130,
Messrs.
paid for a seat.
—The German- American Trust Company
of Pittsburg, or
Trust Company as it
will ultimately be called, has purchased the old City Trust
Company Building, at Sixth Avenue and 8mithfield street.
The price is said to be about $230,000. The company exp°cts
to take possession about November 1. It has not yet concluded its organization, being one of the newer banking institutions.
The capitalization is $1,000,000 and surplus
the
&
German- American Savings
$500,000.
—
pay 2 per cent interest on all check acThe board of directors of the Merchants' & Manufacsavings
accounts.
It
nas
National Bank of Pittsburg adopted appropriate
cent
on
a
capital
turers'
and
4
per
counts,
minuses
at their meeting on the 25th inst. on the death of
of $100,000 and a surplus of $50,000. The officials, as already
noted in this department, are Mr. David W. Lawrence, Pres- their late Vice-President, Mr. George A. Kelly.
ident; Aaron S. Baldwin and O car L. Gubelman, Vice-PresA new financial enterprise is about to enter the Pittsburg
idents, and George R. Percy, Secretary and Treasurer.
banking field. It is the Merchants' Savings & Trust ComThe Adams Truit Company of Boston, which applied for pany, with a capital of $350,000. There are to be 7,000 shares
incorporation papers early this year, is now getting in shape of $50 each, these to be sold at $60, giving a surplus of $70,to begin business. Subscriptions of $125 per $100 share were 0i 0. The bank has secured a desirable location at 1410-1412
received on the btock up to September 25. This will give the Fifth Avenue, on which site it will erect a four-story struccompany a capital of $1,000,000 anda,surplus of $250,000. Mr ture. Pending the construction of this building, which will
Samuel Carr was last week chosen as President. The com- not be ready for some months to come, near by quarters
pany has leased for two years offices on the first floor of the have been secured, where the institution will open about
Board of Trade Building.
November 1st. Among others prominently interested in the
Mr. Charles Holmes, now President of the Republic Na- n-ovement are Mr. J. N. Pew, President of the Tradesmen's
tional Bank of Pittsburg, has been sueceeded in the position Na ional Bauk of Pittsburg; W. M. Laird, J. Walter Hay,
formerly held by him of President of the First National Bank and V. L. Heckman.
of McKees Rocks by Mr. E. C. Kleinman.
—The Erie Trust Company of Erie, Pa., which is the reThe Union Trust Company of Pittsburg, Pa,,*is onoe organized Erie D.me Savings & Trust Company, will bemore about to increase its capital. Th^ directors in May of come, it is thought, one of the leading financial institutions in Northwestern Pennsylvania. Oje-halfof the capithis year decided on an increase from $500,000 to $1,000,000,
tal
of $200,000 and surplus of $100,000 has already been paid
disposed
of
above
at $900
and the 5,000 new shares were
subscription price was $150 p a r share), and the re(the
ia
their par of $100. The increase now proposed, from $1,000,000 to $1,500,000, also calls for the issuance of 5,000 shares, maining payments will be made within five months, ten per
the selling prica of which is to be $2,000 each, netting a cent being payable monthly. A new feature will be t^e listing of the stock on the Pittsburg Stock Exchange, which
total of $10,000,000. The $9,500,00) widen is to ba added to
make it the only out-of-town bank stock thus listed.
will
of
will
bring
profits
undivided
$3,000,000
and
surplus
the
directors include Mr. William H. Graham, PresiThe
together
audjthis,
with
tha
new
that item up to $15,500,000,
of
Pittsburg;
of the Mercantile Trust Company
dent
capital of $1,500 003, will give a total working c*piul of $17,-
The company
will
—
—
—
—
Mr. James H, Hyde, President of the Equitable Life
Assurance Society, will be given a place on the board of the
000,000.
A.
ings
E.
Succop,
Bank
of
President
Phtsburg;
of
J.
the
A.
Germania
Langfitt,
SavPresident
i
.
October
THE CHKONICLE.
4, 1902.]
of the Federal National Bank of Pittsburg; F. F. Curtze,
President of the Union Iron Works of Erie; George Metcalf,
President of the Erie Malleable Iron Works of Erie; James
McBrier, President of the Ball EDgine Company, and George
T. Bliss and E. P. Seldon, respectively President and
Treasurer of the Erie City Iron Works of Erie. The manage
ment is under the direction of Mr. J. F. Downing, President; Davenport Galbraith, Vice President; F H. Schutte,
Secretary and Treasurer; F. E. Mosher, Assistant Searetary
and Treasurer, and Harry L. Moore, Counsel.
—The Manayunk Penny Savings Bank of
is
it
reported,
transferred
its
is
Philadelphia, Pa.,
preparing to go out of business, and has
deposits to the
Manajunk Trust Company
of
Philadelphia.
depositors and creditors of the Euclid Avenue Trust
Savings Bank of Cleveland have been notified by Receiver
Frank H. Ginn that a dividend of 30 per cent will be paid on
—The
&
Monday.
—The Canton Savings & Trust Company, with a capital of
$100,000, is being organized in
Canton, Ohio.
—The
ville,
stockholders of the First National Bank of ZanesOhio, whioh will shortly renew its charter, have been
asked to place heir shares in the hands of three trustees,
who will pay for one- half the number of shares deposited
by each, $ 185 per share. The stock so relinquished will be
sold to new stockholders at the same price. The bank has a
1
capital of $2CO,00O.
—The Western German Bank
709
Fowler Bill as unwise, aud, while advocating an emergency
currency, declared that some restraint should be put upon it
which would allowits use only when necessary. The President
of the Association, Mr. Homer W. McCoy (second Vice-Presi-'
dent of the Commercial National Bank of Peoria) took occasion in his address to refer to the negotiable instrument
law, and urged the members to use their influence to secure
the enactment of this legislation at the coming session of the
Resolutions opposing assets currency were
Legislature.
passed, as was also the following recommending an elasticcurrency:
"Resolved, That we favor the creation of an elastic currency us
der national supervision, so safeguarded and reported as to furnish
unquestioned seonrlty to the noteholder. That our RVpreeentatlveB
and Senators in Congress be urged to favor amendments to our National Banking Act that will provide safe and elastic currency, properly seoured.
"Resolved, That we would recommend that the American Bankers'
Association appoint a currency commission to dratt and formulate a
bill to be presented to Congress, and that we urge upon our delegates
to the Ameiioan Bankers' A.8"Ooiation to use their best efforts to secure the passage of this resolution."
For the ensuing year the
officers of the State
Association
President, Mr. Andrew Russel (of Messrs. Dunlap,
Co., Jacksonville, 111.); Vice President, William
will be:
&
Russel
George, of Farmington; Secretary, re-elected, F P. Judson
(Assistant Cashier of the Bankers' National Bank of Chicago),
and Treasurer, re-elected, H. E. Hamilton (President of the
Bank of Girard, Girard, 111.). The meeting next year is
scheduled for
Rock
Island.
whose custom
The American National Bank of Macon, Ga., in its latest
has been to pay quarterly dividends of 2)4 per cent and semistatement shows surplus and undivided profits of $115,485
annual dividends also of 2% per cent, will continue the latter
against $109,686 on July 16 last. With this amount the bank
at the same rate and increase the quarterly payment to 3 per
claims to have more to the credit of surplus and undivided
This will make an annual dividend of 17 per cent on
cent.
The capital is
profits than any bank in Central Georgia.
the stock of $250, COO.
$250,000, thus making the percentage of surplus to capital
of Cincinnati,
—The present stockholders of the First
who will vote on an increase
Cincinnati,
—
National Bank of
in capital
about 46 per cent.
on the
— Mr.
new issue in Bank
As the capital Bank
15th inst.. will be permitted to subscribe to the
proportion to the amount now held by them.
to be raised from $1,200,000 to $3,000,000, and the shares
have a par value of $100 each, there will be issued 18,000 shares.
Of these 12,000 will go to the old shareholders at par, yielding
$1,200,000 of the proposed increase. The remaining 6,000
is
shares will be sold to new subscribers at $200 per share, $600,000 of which will go toward the capital and $600,000 to the
surplus. The new building which we announced several
weeks ago was contemplated at the corner of Fourth and
Walnut streets is now assured, the options on the property
having been closed a week ago. It is not expected, however,
that
work
will begin before
May
1
next.
A twelve-s' ory
announced, will be erected, with the quarters
of the bank located on the ground fbor.
structure,
it is
—The directors of the Olive
Street
Bank
of St. Louis, Mo.,
have elected cfficers as follows: President, Dr. Pinckney
French; Vice-Presidents, Joseph W. Moon, James L. La
Prelle, M. H. Alexander and James F. Coyle; Cashier E. T.
French and Aesistant Cashier E. Feme DesLoge. The opening has not yet occurred, owing to the delay in getting the
banking rooms in proper shape for business.
—The
quarterly dividend of the National
Bank
of
Com-
merce in St, Louis has been increased to 3 per cent, thus
placing the stock on a 12-per-cent per annum basis.
—Unanimous approval was given by the stockholders of
the Wisconsin National Bank of Milwaukee, at their meeting
on the 25th ult,, to the proposal to increase the capital from
$1,000,000 to $1,500,000. The $100 shares will be allotted at
$150 each, existicg shareholders being entitled to subscribe to
one-half the amount of their present holdings until the 15th
inst.
The premium of $2£0,000 will be placed to the surplus
fund. The officials of the bank are: President, Mr. Frederick
Pabst; Vice-Presidents, L. J. Petit and Frederick Kasten;
Cashier, Charles E. Arnold, and Assistant ^Cashier, Herman
F.
of
Bank
of
Increased capital (to $300,000) of the First National
Birmingham,
Ala.,
became
effective October 2d, not
October 22d as inadvertently stated last week.
—Mr. Charles G. Dawes, President of the Central Trust
Company of Chicago and an ex-Comptroller of the Currency, was present at the meeting of the Illinois Bankers'
Association, held this week at Peoria, and addressed the
bankers informally. In his remarks he characterized the
is
the Cashier.
G. S. Thomas, formerly Cashier of the
Coeur D'Alene, Idaho, has opened the
Thomas
Exchange
Exchange
Newport, Wash. His principal
correspondent will be the Spokane & Eastern Trust Company
G.
of
S.
of Spokane.
at
_________^^^____
&c—
Clearings by Telegraph.—Sales of Stocks, Bonds,
rhe subjoined table, covering clearings for the current week,
asually appears on the first page of the Chronicle, but on.
account of the length of the other tables is crowded out
ance a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1901 there is an increase in the
•iggregate of 27 2 per cent. So far as the individual cities are
per cent, Phila3oncerned, New York exhibits a gain of 41
delphia 121 per cent, Chicago 123 per cent, St. Louis 5-5 per
cent, New Orleans 20*4 per cent, and Baltimore 12 2 per
cent. Boston records a loss of 4*5 per cent.
Clearings— Returns bv Telegraph.
Week Ending October *.
<«w York
Boston.
Philadelphia
Baltimore
Ohloago
H. Louis
*ew Orleans
Seren
oitieo,
6 days.
tbt'oitlo*, 6 days
Total
all oitiei, 6
..
dar
vll oitlei, I
Total
dayi.
all cities
for week.
P. Cent
1908.
1901.
$1,620,649,885
119,9*2.885
Hfi' 8,94-083
1'. 5 8-8 983
+41-0
1U.0H6.L18
&9.1 5,205
+121
-4*5
+18-8
21.748.095
19,384,799
U2.6s9.023
138.i-90.87a
-J-18-3>
41.23V99
8w.07H.M95
8.229 753
+20'*
$1,91? 081 790
296,017,204
•1,61<V67,H67
+8ra
265.018,741
+U'7
t2.a73.C98.994
400,011.061
$1.771.286,59S
830,42 ,318
+81*1
2.673,110.055
$2.11
+»••
9.908,>'4l
1,.
+5*&
0:4,916
Our usual monthly detailed statement of transactions on
New York Exchanges is appended. The results
for the nine months of 1902 are given below, and for purposes
the various
of
comparison the figures for the corresponding period of
1901 are also presented.
i
Nine Months,
Actual
or Quantity
Value.
«O0k{ v^"
tK. bonds.
JoY't bonds
13P,297,5!50
WW
$2,n«4,7O0
$411,400
*ank stocks
Total
10400168,985
> S177MH6700
169?,
760 $669.785 80.?
$96 ',400
$1,0' 8, 4
Hate bonds
505,M47,3t0j
Par Value
Price or Quanta
Aver'ge
78-9
t-0-2
Ul'O
444
I9"3,46
$1,810,757 441'4
$ia«790U950 K96S730.7S-
iraln. bush
Xine Months,
1902.
Par Value
Oucription
Wolf.
—The
Mr. L. P. Hillyer
386,915,76'
79'0
7pHO.
216,8*2.'' 80
ill»49i-0 5
Aver'gt
Value.
Pric*,
16581230,345
78-5-
176<\X2 .HO.' »662,7H0.2-<8 H6-S
$J,flH«.4S6 113-9$1,433,970
»-70,J-7c 37-6
$8.81 ".8 '0
I3s6 5v: 298-5
$129 476
2'905'28»7"
631,773,125
1i:»5 B>«,501
Total value
1901.
Actual
1
7244SH86.533
472,043,390
177 Kg -H.pi
74«a
«r
The volume of transactions in share properties on the New
Xbrk Stock Exchange each month since January 1 in 1903
and 1901
is
indicated in the following:
.
1
Values.
Number
of Shares.
Par.
Actual.
Par.
Actual.
united States notes
March
April.. 28,6C7.74< 2.520.078.476 1,998.946,211 41.719.086 4,089.407,800 3.616,028.287
13.6S2.S »M .265.818,000
t>48,983.8U S6.292.iS03 8.440,179.575 2.683.101.469
1
Jon*..
Mqr.
649,276,818 19,795.612 1,930,766,500 1,609,649,887
728,992,950
7.8S4.788
47,9^4.8-H 4 5 4.884,426 8.407,145,848 96,806,901 W,460,342,925 7,707,774,623
Omos.
*7.e6i.4S9 8.261.438.826 fl.424.616,276 176066748 17181883.376 134664(8,284
Jalr...
16,!<52,«81 1.657.687.675 1,301,476.911 16,034,868 1.677,408 46C
14,314.627 I.a74,6»rt.l26 1,0*0.788,902 10.772.02 1.056,617.R6i
August
Sept...
4,9 6.263.876 8,9 6,540.690 40.78t\8"4 4,013,104.0..i
•
S.il4,77o,06l
9 moa.
sJl3929
>1392» 660 13177686.700 10400166.066 81 f 842630 81.184988326 1X.P812S034 8
The following compilation covers the clearings by month*
fnce January 1,
MONTHLY 0LBABINO8.
Cleanngt.Totai All.
SS^ 3,711,47
8 808.048.4 '1 0.007,814,918
March...
1st qnar.
37.983,364.1*3 '9,091.8*1,178
+0-0 3.014.741.602
-U-2
-40
2.740.111,000
3.3-6.020 .9 1«
1^
f 8-6
9,180,271,04'
HOM
3.120.4-4,
10,138,990.00)
.-lO't
2.016.o«7,403
-8
8.576.082.118
3,378. 178.88
-10
8,688.780,082
3.606.948.06
+8 8
3.250,010. 94
3,848,940.48>
+0*0
10.920.629
Mar
10.392.6'
70'-
8,217.167.7*» 10,100,722,739 -18*7
:
Mqnar...
2U.630 299,828 84.966.184.838 —16-6 10,418,781.60. 10.133.081,880
8 months.
67.481.664,0<6 64.047,086,814 -10-3 20.650.771,506 19.X13.882.42S
10.179,774.87July
8.952.680,432
August.
September. 10,186.919.721
.
+8'
0.869.784.498
7.090,688.43".
8.086,142,691
+12-0 3,136.644,878
7,971,258.38b +27-5
+6-8
+18
S.887.B64 464
+64
+91
3.060.989.80-
+3-6
3,862,840,034
2,024,131,810 +10-0
3d quar... 29.^99,283,430 26.331,670.301 +16-6 10,084.128.002
0,272.085.861
»-8-«
-2-9 3 .684,890,50- 28.686 29H.270
+7-2
9 months
86.760.987.436 89.379,686.1 18
is
shown
Glateift.ca.tian of Debt—
interest-bearing debt
Oebt. interest ceased
Debt bearing no Interest...
BANK CLEARINGS AT LEADING
—September —
1902
IWOi
lt-OO.
omitted, i
9
6,805
Mew York...
Chicago......
Boston
Philadelphia
St.
Louis ....
Pittsburg..
Ban Franco.
Baltimore...
Cincinnati...
Kansas City
Mew Orleans
Cleveland...
Minneapolis.
IiOnlsvllle...
Detroit .. ..
Provldenoe..
Omaha
Columbus...
Milwaukee..
Bnflalo
St.
Paul
Denver......
5.047
8,157
672
518
412
195
180
119
103
91
86
48
72
68
40
37
26
80
37
29
25
24
20
615
516
887
175
139
92
82
70
76
85
54
58
85
45
24
25
25
26
25
20
517
401
344
131
111
84
74
55
67
41
43
49
28
82
21
25
19
19
21
21
19
16
11
10
10
Hartford
Total gross debt1,828.669 28189 1,827.682 82189 Inc. 1,086.460 00
In Treasury*.
371,253.394 12 369.401.5
Ino 11.76.893 51
OH
Total net debt
*
967.416.8S7 77
32
44
52
33
33
25
28
24
28
20
21
16
10
473
568
480
872
391
257
266
800
406
52 I
394
344
898
253
241
240
236
223
1MO
169
101
2=<6
219
206
170
106
361
418
401
315
817
234
233
197
218
190
175
160
96
310
376
3 7
301
307
239
2i4
190
207
180
166
124
103
7.0S0 86.761 89.379 6 ,7»3 69,517
2,680 30,6j5 28,586 24,386 24,213
SO 1902.
819.
INTKRHST-BHARING DBBT SEPTEMBER
Loan—
Interest
payable.
Amount
30. 1902.
Amount Outstanding.
Registered.
Coupon.
Q.— J. 445.940.Tfi0 487.6 3,w
Consols of 1980
Loan of 1908-1918.. Q.-F. 18*, 702.660 63.9*2 510
P.426,950
$
446,041 ,750
43 663,1
4. .98 660
97.616
283.177 5"'
Title of
issued.
I
2a,
8s,
4a.
Funded loan. 19"7..Q.— J. 740,023.650 183 10H.05O
40,012,760
4s ltefund'ti certiflc 's Q. —
4a, Loan of 1926
Q.-F. 162,816,400 105.70V.800
6a, Loan of 1904
Q.-F. 100.000.000 11,478 600
i
I
Agft'te Int.-Bearlng Debt. 1.687 ,9f-5.2l0
are
791,853.710
Total.
60
3 ,*80
.1
NOTK— Denominations of Bonds
'
29.'289.4n'6
134.904.2
7,081,750
10,41' '.360
139.18«,7o0
031,070,340
:
Of $10oniy refunduw cortlticntes; of $20 loan of 1908 coupon and registered
Of $50 all issues except •>» of 19 '8: of $100 all Issues;
Of $500
Of
Of
all exce .t 5s .if 1004 coup.;
85,0' '0 all resisted 2s. 3s and 4s;
Deo. 10.676,438 61
968.091,32128
Including $160.000.000 reserve fund.
The foregoing figures show a gross debt on Sept. 30, 1902,
of $1,328,669,281 89 *rd a net debt (gross debt less net cash
in the Treasury) oi $957,415,887 77.
Treasury Cash and Demand Liabilities. — The cash holdGovernment as the items stood Sept. 80 we have
ings of the
Trust Fund Holdings—
Gold coin
$363,311,08900
Silver dollars
465 '5a,0«ou0
*,3P»\h«1 Oi
811 ver dollars of 18P0.. . .
Silver bullion of 1890..
84 43 63w0«
Total trust funds .... $*66.-0u,hh0 00
General Fund Holdings—
Gold coin ana bunion... (77,195.736 00
Gold certificates
68,020.»8n 00
Sliver cert locates..
6,1^0,522 01
Silver dollars.
2^65, '41 00
Silver bullion
SV-UO.108 02
United States notes
8,750 *h0 00
Treasury notes of 1890..
W4,2l0 0i
National bank notes.... 14.ei0,HS-<98
Fractional silver coin...
8,0a«.87 1 214 37
Fractional currencj
Minor coin..
701.446 92
178 19 45
Bonds and interest paid
Tot. In Sub- 1 reasurtee.»'"5.6i»»'.26i 95
In Nat. Bank Dep siiaries Credit Treasurer of U. S.» 2", 2 429 57
7*2x.767 8Credit U 9. disb. officers
Total in banks..
.
$ aS.w. 2. 07 4
Reserve Fund Holdings—
*i*n.'v*i nnniv
Gold ooln and bullion
Grand total
15.42 ,6»»31
$
1
•
LIABILITIES.
7rw«t
Fund
Liabilities—
$863,811.08900
46\' 52.000 00
8*,8 6.000 00
jioiu oertlncates.
Sliver certincates
....
Treasury notes of 189' .
1
1
1
Total trust
Oen.
liabilities.. to6o, ->Mi».uw
00
Fund
Liabilities—
Natl< nal bank o per cent
fund.
$12 906.309 79
Outstanding checks and
.
.
8,160,738 93
drafts.
Disbursing officers' balances.
Post Office Department
account...
Miscellaneous Items,
Total gen.
67.893.844 87
6.62089711
y./P6 876 04
. . .
$™..k7j, 065 24
liabilities.
Cash Balance A Reserve—
Total casb and reserve. .$371,258,304 12
Male up ofWallabie $2.1,263,394
an
Reserve Fund
12
'
G. Id4bull.$i60,000.000j>o
Grand total.
*
31n.42x.548 88
GloiumerctaUEnQlts h Betus
of $1,000 all issues;
of *10,000 all registered bonds;
$20,000 resist. 4s loan of 1007 of $50,000 registered 2s of 1930.
1
l
1 to September 301901. ii)0O
1899.
The following statements of public debt and Treasury cash
holdings of the U. S. are made up from official figures issued
For statement of August 31, 1902, see Sept.
Sept. 30, 1902.
27, 1902, page 646 ; that of Sept. 3D, 1901, see October 19,
vage
$
OITIh.8.
DEBT STATEMENT SEPTEMBER
190),
1,266.860 26
896.342,08163
Inc. or Dee.
$
31, 1908.
98 '. 070.840 00
'SO 00
1.257.4
26 Deo.
806.2i4.99l *8 Inc. I.OW.OSj 00
From oar own correspondent.
London, Saturday, September 20, 1908.
1899. 1902
The high call -money rates reported by telegraph to have
4,400 56,126 60,793:36,407 45,304
549 6,215 5,6-10 5,015 4,816 been charged in New York, and the large purchases of gold
536 5,124 6,403 4,434 5,221 here for American account, as well as in South Africa and
372 4,314 4.060 3.441 3,572
182 1,884 1637 1.214 1.196 Australia, have If d to the fear that gold shipments on a con117 1,611 1,545 1.189 1,102
85
977
845
739
698 siderable scale will t*ke place and will make money in Lon81
901
897
799
934 don very scarce and dear. Consequently the stock markets
66
802
729
5«7
543
62
712
451 have been fidgety and depressed. For months business has
666
542
6,627
2,470
7,971
2,924
$
981,070,840 00
Cash balance
QsVotuetatrss
Total
9.698 7,600 6.286 6.7M 82,739 83.912 57,683 6«,8 13
Other oltles..
3»1
469
371
329 4,032 3,467 3,060 2,704
Total all... 10,167
Outside N.T. 3,362
Aug.
Sept. *0, 1908.
.
in the subjoined statement.
(000.0001
$896,342.08163
RECAPITULATION.
The course of bank clearings at leading cities of the country
for the month of September and since January 1 in each of
the last four years
42.'33.894 60
6,8'< 3.823 68
.
+-12-6
2 3*1 12.881.374,494
Aprti.
June.
1
•
8,368.706.615
•
P.Oi
1901.
—0-6 8.788.227.68K 3.819.686.772
10.465,696,294 10,720.800,646
.
53,84760
ASSETS.
outnde New York.
1908.
f
$
January
February
P.Ct.
1901.
$346.681,01 6 00
prepared crom the Treasury statement of that date.
Clearings
Month
1908.
$1.*5\8808«
Aggregate of debt beartnu do Interest
832,061.498
1
•57.49086
National bank notes— Redemption acconnt
Fractional currency, less $ 1, 375,934 esttm'd as lost or destroyed
1.216,378.902
i0,9. 2.253 1,983,978,076 1,608.274.817 18.990,195 1.380,178.860 1,067,337,661
j
3d orr 51,639,111
$1.
]
$>33 7"0 00
8 3.050 00
1,0*0.110 86
DBBT BEARING NO INTBRBST.
Olddemand notes
Istqr 39.783.976 3.767.048.4O0 2.927,470,432 79.248,846 7,861,480.450 b.isa.em ,tei
Mar-
Sept. 80.
18,
Debt on whioh interest has ceased
14,779.223 1.386.108.600 1,089.688,016 S0.285.066 2.911.631,850 2.081.746.276
12.9S6.W4 1.827.5S0.050 1.010,947,208 21.008.882 2.126.937,460 1,678.947.608
876.941.80f 27,060,988 3,624,011,160 2,097.084,688
11.057,40* 1.148,400.760
Jan..
reb..
81.
1891, continued at 2 percent, called
1900; Interest ceased August 18, 1900
$133,700 00
funded Loan of 1801, matured September 2 1891..
63,100 00
Old debt matured prior to Jan. 1, 1861
1,060,690 20
Ma;
Value*.
Number
of Shares.
August
funded Loan of
1901.
1908.
LXTV.
rVot,.
DEBT ON WHICH INTEREST HAS CHA.8BD SINCK MATURITY.
OF STOCKS AT NSW TOSS STUCK BXOHANOB.
8A1JS8
Month
rWHONlPT.T*
T**V
710
been very slack, but rarely indeed has the slackness been so
great as at present. The fears, however, are largely confined
to the Stock Exchange. The best informed do not think that
g >ld shipments will be very serious, and they are convinced
amounts of the metal New
The Bank of Eogland jast now is
that Europe can spare whatever
York may
really reqaire.
very strong. Probably during the remainder of the year the
usual autumnal demands will decrease the Bank's reserve by
about 4% millions sterling. Even so, however, the reserve
millions sterling, and no very great inwould be about 21
convenience would be caused if two or three milli ns sterling
were shipped to New York. In Germany money is still
more abnudant and still cheaper than here, and Germany
could ea-ily spare another 3 millions sterling. The Bank of
Fiance holds over 104 millions sterling in gold, and obviously it could aff >rd to allow 10 or 12 millions sterling to
bewithdrawn wiihout causing inconvenience to any French
%
interest.
The beet informed, therefore, are convinced that no serious
disturbance of th^ European money markets will take place.
Bat for the moment the Stock Exchange and stock operators are in an uneasy state and business is grea'ly depressedIn Paris, buying of international securities goes on. especially
of Italian, Spanish, Brazilian and Argentine bonds. It is
believed in Baris that a convention of the Italian Rentes is
imminent. The best opinion appears to be that the conversion will not be undertaken until spring, but many in Paris
are convinced that it will take plai-e very soon. F>r the
moment the negotiations for improving the Spanish exchange
have come to a bait, but it is believed both in P-tris and in
Madrid that they will be resumed before long and brought
—
October
4,
:
—
.
:
THE CHRONICLE.
1902.J
week, partly because of the fear of gold
shipments to New York and partly because RI. Pelletan's
speeches have made an unfavorable impression. In Germany business is as restricted as ever. There also the high
rates in New York are causing some uneasiness, and as the
alow liquidation in Germany is not yet completed, anything
that might disturb the money markets makes a very disagree
it
was
last
able impression.
Among the best informed the belief
still
mon^y
is
grow scarce and
will
dear,
as
If,
here is, the pressure in New York
weeks,
the
great capitalor fonr
three
in
ends
probability begin to buy
reasonable
in all
ists will
consols, for everyone is satisfied that uules^s something
entirely unforeseen happens, there must be a great recovery
early next year, because the Government will have very large
funds, which will be employed in the redemption of debts
raised during the war. If influential buyiner of consols should
begin in the course of next month, as is expected by the best
informed, opinion will rapidly change here, and doubtless
business will extend ia every direction. Oae other cause of
the stagnation on the Stock Exchange is the diffi :ulty of obtaining sufficient native labor for the Sjuth African mines.
So far, alth >U4h very great efforts are being nude tae increase in laborers is sma'l, anl consequently he mining output is disapp dating. Toe great mining houses, however, are
confident that the measures they are taking will very som
be sue •e-'sful, and that the period is not now far distant srhen
there will be a marked improvement on the Witwater->rand.
Although business everywhere is restricted, the money
market has been firm during the week. Short loans, indeed,
have been both more plentiful and cheaper, but the discount,
rate is s r rong, and the general impression prevails that the
Bank of Eogland rate of discount will very s >on be raised to 4
percent. Whether the advance will take place next week will
depend of course upon whether gold shipments to New Y >rk
begin. If tbev do, the rise will probably be made. If not.
The best informed think taat a 4-per-ceat
it will be put off
rate will prove sufficient, always a'summg that nothing
unforseeen happens. For if the 4-percent rate is mad**
here, ; it will be much
more pre Stable for
effective
Continental bankers to employ their surplus balances
here th*n elsewhere. For the moment the great Fetch
banks are not increasing their balances. Tneyare erop'oying
very large amounts here, and at the present rates they do
not care 'O add further to what they ke^p here, but if the
rate should go up to 4 per cent, little doubt is entertained
that not only the French but the German and other Continental bankers would increase the amounts they are employ
ing in London. Tnerefore, the belief is sro^g that unless
the gold shi.im a nts should assume unexpectedly large pro
portions, a 4 percent rate, or at all events a 4^-percent rate,
will be found suffi dent.
The India Couacil continues to sell its dra f ts fairly well.
It offered for tender on Wednesday 80 Jacs, and the nppiicatiocs t-xceed-d 1 621 lacs, at prices rangiug from Is. 3 15 ltfd.
to 1b. 3 3l-32d. per rupee. Applicants at Is. 3 31 321. per
rupee were allotted about 7 per cent of the sums applied for.
Later in the day the Council sold small amounts by private
tender at Is. 4d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, theprioe of consols, &i
compared with the last three years
the
best
opinion
OtTMlatlOn..
Pnbho depcalta
Other deposit!
OoTernmeDi seoorltlei
i9oa.
Sept. 17.
1901.
Sept. 18
Sept. 19
1890.
Sept. 20.
M
£
M
1
29,339 930
8.76K9:<4
33.31 5 3P5
29 H83.450
n. 0" r>*2
27 6«8.315
2f>
l
BllTer
Clearing
returns
for
Bank
e
a
CO
SBSISBSDSMBSHISI
Aug. 23
3
-
80 H
Sept. 6 8
M
13 3
14
20
8
i
—
*H
Months.
—
4
2K
8
8
3
3
8
3
2%
*x
2X
3
3
2
2U
*H
3
8K
Hi
m
noa.
3
5
4
i
4
4
4
4
4
4
4
Messrs. Pixley
&
VA.
3
2
3K
4*
5
4
4
4
4
Abell write as follows under date of
September
Gold—There
18:
is inquiry for go'd on account of New York, and arrivals
are being bought for that quarter, and also for the Continent. The
exchange from New York is higher to da and we quote not better
,
than 77s. 9H<1.. with nothing offering. The Bank hae lost during the
weefc £38'>,0'»0. of which £ JOO 000 gOPB to Buenos Ayres, and £150,
ooo to Vienna. £ \O0O tn bars has been purchased bv the Bank.
Arrivnls: Cape Town, £171.000; Australia, £13 ,000; West Indies,
£25,000. Total, £327,000 Shipments: Bombay, £15,500; Colombo,
£2>
0;
Calcutta.
£ 10.000.
£ £8,000.
Total.
gilver— The market has ruled dull, and with larger shipments from
N«w York an1 only a small enquirv for India and the Straits we
dropped to 23 %d. At this price the Straits sent fresh orders, and we
have rallied to 23 7sd closing dull for both spot and forward. The
Indian prioe is Rs. 61 per 100 Tolahs. Arrivals: New York. £130,000;
Total, £153,000.
ShipWest todies. £l >.000; Australia £*,000
ments: Bombay, $67,500; Colombo, £1,160; Calcutta, £-(,000. Total,
.
s
£76660.
Mexican Dollars—There has been a revival of business in dollars,
and we quote 2a 'ad. for immediate delivery, dosing, however, sellers.
From Amerloa. £49,000; to the Straits, £73,300.
The quotations for bullion are reported as follows:
GOLD.
Sept.
iondon Standard.
Sept.
Silver.
11.
London Standard.
18
d.
«.
S. gold ooln...oz. 76
>Arm n gold ooln.oz. 76
i
'renoh gold ooln.oz.. 76
tpanese yen....oc. 76
4
76 4V
4V
5* 76 5*
4*
76
4*
Do
2 mo. delivery 23*8
«.Ml4. 25l3 le
3»t«
The following shows the Imports of oereal produoe into the
Jolted Kingdom during the two weeks of the new season
i un pared with previous seasons
1902
IMPORTS.
1901.
mp'ts of wheat, owt. 3,502.439
Urley,
V15.S34
>»ts
550057
eas
99.230
14H.165
1,577.073
645.115
t«ans
udlanoorn
•lour
1900.
6t>6.100
1899.
2,214,700
507.600
8i7,900
81.200
171.200
2,150 '00
897
»0
40 320
56,600
749,500
74,100
64,600
2,03^800
2,377 300
7*9 7u0
549.100
901,800
2.791,100
1,178.800
3,f OS
800
Supplies available for consumption (exclusive of stocks on
September 1):
1899.
2.214,700
749 700
1P00.
3.60<.800
549,100
1.400,8i0
635^93
1,126,784
4,941,610
4,793 193
4,243,884
1901.
1902.
V neat imported, owt. 3,502 439
64\U5
mportsof flour
310,669
•les of home-grown.
2,7»M00
"Z458.223
27 lOd.
week
ivsr.prloe wheat,
Total
<•
Is-arage price, season. *8e.94d
2d.
26s.
26s.
3d
28s
28s
TMs week.
Yheat
qrs... 1,620.000
'lour, equal to qrs... 285,000
<alee...
qrs... 475,000
The
Lattvoeek.
1,771.000
329,t00
585,000
British imports since Jan.
Imports.
lanuary
February....
1
1901.
2,06^.0O0
330,ooo
8^5.000
1902.
1901.
£
£
£
+4.143,832
4-1,97, 152
-5.528.J95
Months
.
SM
31-16
2«
31-16
"H&'t 19-16
8 15-16
<%
3M
8® H
SH
3
Wa.
SK@3%
3M®3^
3 Mos.
—
——
W&S
3
3
4
Vi®3M 3M<g>»H
*H
Joint
Stock
Mot Banks
8@3M
Sk@3W
8»
3J6
4«'l
m
1M
1H
IK
1*
H
<
1<
7
•
'all
—
t
•
"
Oavi
—
'
«*
2*
2
*'4
8
2*
*H
2
t
^A
+90
4*,l.-«9,928
43.353.70i
42,426,7r>9
+926,946
+21
6S315
41.711,038
—1.045,7548
—2-5
+2'5
—I' 2
The exports
since Jan. 1
— o5,68J
+1,0>8,H8
have been as follows
+4-9
— 119
—0'14
:
1901.
Difference.
m
*
June
21.255J.383
24,753,531
21.037,455
25,021,293
21.987,033
23.<86,662
22.444,424
._
,
-498.957
Vlarch
iprll
Vlav
24,254,574
21.3i2.276
22.2,7,238
23,192 529
22,«81,974
July
260Z9.170
August
1902.
Exports.
January
February
Fer
45,987,516
39,714,4^9
46,426,056
40,265.617
50,131,348
41,691,591
40,897,861
+853,815
Interest allowed
for drpositr b»
735,000
Difference.
346.818,361
as follows:
1»°02,115,000
2 6 fJ .°5^
have been as follows
Eight mos 347,172,166
172.6*5000
5d.
3d.
following shows the quantities of wheat, flour and
ratize afloat to the United Kingdom:
168,114,000
10««
06M
25s.
25b.
T ie
August
a^d.
901,800
7d.
7d.
167.2Sl.iiO0
63 16-ld
2315 18
Wexioan dollars o* 93l«
•Nominal.
-52 4,569
,H89
d.
24
Bar silver, oontaln'g
do 5 grs. gold. os. 243s 243«
do 4 grs. gold. oz. 243 le SMi"
24l«
do 3 grs. gold. oz. 24
40,937,140
8V
-
Sept.
11.
d
Bar sliver, fine... os. 23*8
d.
f.
77 9
76 4
»r gold, An®. ...os 77 9
Sept.
43.028,8.42
67
nom.
4
44.0h6.96)
40,412,571
18.'
2H 4
tH
SH
4K
nom.
July
562
1«
m
8
40,
Jraile BUI*
6
..
S
3
8
8
m
3
rune
Billt.
Montns
Copenhagen.
3
3
3
nom.
Open
Market
35,714 .406
12i0m24
457
29.
Bate.
m
m
m
2
2M
3
Bank
Open
Bate. Market
8
SH
*H
Petersburg..
Bank
Open
3
3
8
8
3
it,
Bank
Bate. Market
8r»,r>HI,494
6H-i
Open Marke' Rates
LMHton.
Open
Market
89 6 6 64 i
53 S-ltJ
3
P3 li. '6
S6 15-161.
money have been
a
Bank
Bate.
2.8««.'9l
S
98 1-16
191 7»G.u0n
Interest at
25.(i53.i '44
,
Home
The rates
August
5.
27,28-'
16
01%
.
September
12.
26, 6*.7a4
27.8»6. 67
.1-07,2-5
26,45h,46*
37.6*8 3*2
Prop, reserve t o labilities. p. e.
Bank rate
percent.
Consols. 2H percent
8,a8rt "> ^ i
8-, 6 k»60
3»,ft73,9*7
September
19.
Vlaroh
ipril
»1ay
1»,694 2t)0
Other geoarlties
Reserve of notes and oolc
Coin A bunion. both departm'ts
19<'0.
11.H.4 <55
4i.6 6. 1 "9
39-81943
September
Bateiot
exists that as soon
over and the end of the pressure in
will be a general improvement in
there
reached,
is
York
New
the
reasons why the stock markets
one
of
Perhaps
business.
continued
fall in consols.
is
the
Up to
here are so disturbed
now great capitalists at home and abroad have not begun to
buy, probably because they wish to see whether gold shipments to New York will become very large, and whether,
as the holiday season
therefore,
711
The Bank rate of discount and open market rates at the
ohief Continental olties have been as follows:
Although the purchasing of
to a satisfactory conclusion.
on,
business is not as active in
goes
international securities
Paris as
:
*
-2+2'f'g^?
80».Od5
+ 1 -£«' 5 49 «
.
24,29 9,826
24,3-»5,771
24,2 05,569
r 50 *' 68 !
-1,192, 41
+I.b4^,399
_J-94,z57
Eight mos."l83J04,5;0
187,171,7^8
-1,487,168
™
r
••
-2„.*
til
-112
+f ?
~\
\
—54.
+68
+0'*
-0*8
:
The re-exports of foreign and
show the following contrast
5,804,101
4,314.471
6,673,949
5,256,747
5,609,128
6,034,^29
5,698,640
44,552,011
45,775.664
—1,223,653
April
May
June
July
August
Per Pl
+5-7
-2'7
*
+289,139
-162.187
—886.054
+387,942
—799,482
+86,858
+508,446
—468,^15
March
FORBIGK
For week.
5,051,307
5,966,288
5,200,525
6,286,007
6,056,229
5,522,270
5,526,083
6,166,955
February....
— 170
+62
—15-2
+0-6
+90
—75
— 27
Note.—The aggregate figure" are offlola They indicate that slight
adjustments have been made in the monthly returns as issued.
Mon
Sat.
Silver, per ounce.. ...fi
Consols. new. 2% p. cts
,
For account.........
ffr'eh rentesdn Paris) Ir
Spanish 4s....
10000
£6%
86%
1
Anaconda Mining.....
Ateh, Top. A Santa
Preferred
Baltimore & Ohio
Preferred
10514
..
112
95
82i«
205 H
48»«
28
iry Goods
*en'l mer'dise
198 >a
47 H
9414
39*8
69%
A Read
-*Phila. A Read.,lst pref.
'Phila.
Read.. 2d pref
&
Preferred. ............
fri.
239,6
93> 16
23%
Total
Since Jan.l.
>ry Goods
*en'l mer'dise
104%
110%
104 >*
93%
104%
U(J%
110%
6%
99
99
142%
53
53
30%
193%
43%
93%
38%
68%
31%
197%
46%
95%
41%
153
146
27
158
15fc%
158
146
144%
142%
27%
3m>
64%
19%
27
31
30
66
20 7s
65
42>s
41
164
63%
20%
40%
I9i«
197
47
95
27%
31%
65
20
33%
40
163
lfcl
163
34>8
33%
35%
35i4
75i«
95 S4
64*3
3568
74H
73
75
45
44%
39%
76%
38%
98%
75%
944
84%
87%
95%
82%
94»4
83%
:>4%
37%
84%
36%
44%
39%
78%
39%
984i
93
33 %
S4»8
44%
38%
76
46
40%
77%
39%
99%
The following is a statement of the exports (exolusive of
from the port of New York to foreign ports for the
^eefc ending Sept. 29, and from January 1 to date.
EXPORT* S-ROIf KKW VORR TOn THB WEEK
41 la
40%
91%
42%
92%
85%
5^%
36
52
83*4
85*4
8.*%
86
%
85%
Total 1900
Jffame oj
Company.
france. ...... .......
(ermany.... .......
Vest Indies
Belt By Chicago (quar.)
Cnartierg
Chicago & Western Indiana (quar.)
•Cumberland Vali«y (quar.)
,
<<&eorgia
BR &
Banking
Dec
•/
Oct
Oct
Oct
Oct
Oct
3>-j
m
2
(quar.)
2»4
1
7
tterohanta*
tleohanlos'
i
imerioa
fhenlx
31 ty
*allatln
n 11 ton. & Drov's'
to
Dec 11
to
Sep 30
1
1
Sep 26
1
Not
1
15 Oct
2
closed.
to
Oct 14
Street HuIIwiiyn.
lSe Oct
l»s (Jet
<Cincinnati Street By. (quar.)
com. <fe pref. (qu.)...
Xteyton & Western Trac pref. (quar.)
Oeorgia By. & Electric pref
<5reen & ooats Sts Phil. Pass. By. (qu.)
Hartfont St Ry (quar)
'Philadelphia Co., PittHburg, com. (qu.)
<01ty By., Dayton,
1
I
,
Sew
pref. (qu.)
Union (quar)
&
Trust (quar.)
Fire Insurance.
3fforth Eiver
Mlacellaneona.
Amer. Shipbuilding, com. (quar.)
Associated Merchants', com. (quar.)...
<lo
do
1st pf. (quar.)
do
do
2d pf. (quar).
TBourbon Stock Yards
Olaflin (H. B.), com. (quar.)
Cumberland Tel- p. <fe Teleg (quar)...
JReece Button-Hole Machine (quar )...
Rochester (N. Y.) Gas & Elec, com...
Standard I nderg. Cable (quar.)
Vulcan Detinning, com. (quar.)
do
pref (quar.)
do
*
0c1
8
Oct-
1
Sep 17
Sep 21
to
to
Sep 30
Sep 30
1
16 Holders of reo Oct
1
7
Not
1
Traders'
2
Oct
Oct
313
Oot
16 Oct
8
10
Nov
Oct
(.rather M'f'rs..
*«TenthNa«oB'l
imerloan Exec.
'ommeroe
j roadway
tferoantlle
'aclflo
:haiham
-•©ople's
America ..
danover
-Jorth
rvlng
ItlBens'
closed.
Holders of rec Oct 8*
10 Sep 28
to
10 Oct 1
to
Oct 9
1>4
Hanks.
York Produce Exchange
TniMi Companies.
3X. Y. Security
Oct
Oct
W
Ih Nov
,
United Railways, St. Louis,
Wellesley <fe Boston (quar.)
*
l 1*
1
1
Nassau
1 Oct 25
10 Oct 6
to
to
to
Oct 15
'.hoe
A
Leather
Jorn Exchange..
mp't'ra'ATrad.
>»rk
£aat River
Oct
9
,
fourth
central
4
Oct
1
Nov
1% Dec
Oct
Oct
1'4
l^S
l 1?
Oct
2
Mr!
1»4
Oct
Oct
Oct
Oct
Oct
Oct
2
3
2
1
1»4
10 Oct
Oct
9
to
Dec
Oct 7
to
Oct
Oct 7
to
Oct
Sep 26
to
Sep
(Jet
7
to
Oct
Sep 21
to
Oct
Holders of reo. Oct
1
3
to
eoond
rtrst
1
15
16
1
15
1
15
Nov
21
15 Oct
to
20 Oct 11
to
to
to
2
10 Oct 4
20 Oct 11
15
16
*.Y.Nat*lExoh
iowery
*. Y.
County....
German Ameri..
30
Jha»e
15
Avenue...
German Exoh...
termanla
1
4
Oct 15
Oct 10
Oct 20
Oct 20
Transfer books not closed.
fifth
.in 00 In
larfleld. .........
fifth
»nk of Metrop.
ffestSlde
teaboard
Vestern
1st Nat., B'klTTi.
IMPOETS AND EXPORTS FOB THE
WEEK.— The
following
att
imports at New York for the week ending for dry goodiSept. 25 and for the week ending for general merohandlse
Sept. 26; also totals sinoe beginning first week January,
fche
1.
f
>lberty
Y. Prod. Ex..
^.
^ewAmiterdam
•tor
United States..
Total
Hveat
Leant.
S
9
16609.0
2.3330
24,666,0
12 696,6
12.479.0
19,127.8
4.123.0
1.310,7
1 686,0
2,806.1
971.0
2,000.0 1,236.6
2,000,0 2,562,4
1,600,0 8,27a.'i
1,000,0
287,1
5.02V0
25,000,0 15,3(38.) 123,670.0 19626.8
800,0 7,240.' 28.672,1 3.917.3
600,0
286.4
909,1
4.898.7
8,487.1
926,2
1,000.0 2.147.8
438.7
800,0
86.14
1.777.9
321.0
400,0
171.1
8.477,0
197,"
l.lBi.7
123.9
200,0
626.1
6 216.4 1 766.9
600,0
161.16.6'6
1 426,0
1,700,0
6,000,0 8,676,1 28.34-J.O 8.589,0
10,000.0 7.484,1 67,262 4 8.718,7
7,128,7
,026 6
1,000,0 1,898,7
1,000,0 1,429,;' 13.763.6 2 160.8
;m.*
560.8
8.120.7
422,7
794.2
6 073.0
460.0 1,03».4
2.271.
192.9
868,6
200,0
2,000,0 1.977.P 14.694.^ 1 708.1
ft.808,8
46.461.6
7.428,6
8,000,0
6.452.0
670,
1,000,0 1,000.1
6,68i,e 1,249,7
601.8
1,560,0
2.868.
321,6
804.1
500.0
9396
6.866
900.0 1,049.1
872,9
J71.6
4.084 8
1,000,0
2.0JO.O 8,176.0 *3,9l«.0 8.657
2 1,1
407,3
1,796.
800,0
22.372.0 8.726.0
1,500,0 6,2 77,
2,000.0 4,511.4 50,483.0 (8.189.0
161,2
1.147.2
193,3
250.0
8,000.0 2.710,4 18 36,<.0 2 674.1
577.7 10.064,0 2.252
1,000,0
1.512
9.421
800,0 1.206,6
10,000,0 12.219 8 76,003.8 14.462 1
781.1
V
6.197,4
859.
600.0
872
2.781.0
776.6
250,0
7<6 1
4.021,2
606.4
200.0
752,2
481.9
8,851.8
760,0
10,748.2
39,872.8
3,262,7
1,000,0
9,000.1
2,8*6.
100,0 1,670,9
220,0
626,6
2,709.0
200.0
418.1
866 6
8.0*8.7
200.0
762,9
800.0 1,196 6 10.7732
7,186,6 1.607,4
1,000,0 1,282,0
8P5.9
461 3
2.332.8
200,0
8.555.9 1.691.9
1,000.0 1.277
3.082,0
436
470.7
200.0
600.0 1,157.5 11,507.0 1,492.0
«
38.'J9a.o
8.868.
2,100.0 8,126,0
627
4,617,0
660.6
800.0
89-1.2
7.617,6 1.496,0
600.0
679.8
470,3
4,251.7
1,000,0
1.468 1
670.7
7,110.1
600.0
793
4,241.0
47»,2
860,0
684,0
451,1
4.863,9
600.0
•»
.farket A Fulton
)rlental
7
Import*.
Since Jan.
8792,250 $23,632,794
598.435
1,000
155.801
2,714
52,661
25S.S39
21,638
7,212
sank ot n. y.... 2,000,0 2,269.)
»anh»ttan do... 2,060,0 2.280
Books Closed.
(Days Inclusive.)
Nov
82,837,474
2.889,270
1,737,863
Capital. SurpltM
ireenwloh
2
$998,686
597,428
51.W85
29,217,0 6
47.244.605
12,775
Week.
SinceJan.l.
$2,997
1,594
"18,762
61.123
445,339
428,988
18,970
$20,453
98,305
164,684
2/; 6 1.940
$1,691
$959,011
3,703,624
New York City Clearing House Banks. — Statement of
condition for the week ending Sept. 27, based on average of
We omit two ciphers (00) %n all canes.
daily results.
tleoh.dk
Uallrnada (Steam).
Atchison Topeka<& Santa Fe, com
91,990 826 021.495
$816,602 $24 703.242
992,611 36.606,<'95
1,085,315 38.25u.394
Jhemloal
Merchants' Ex.
Oent Payable
Since Jan. 1.
17 538
2,607
$1,990
Exports.
f
When
Week.
Silver.
BANKS.
Per
1
8970,632
487,550
25
353.244
22 031
896,205
157,787
34.492
108%
Commercial aufl f$LtetzllVLnzfm& ^zxo
DITIDEN DS.
Since Jan.
9965,766
1,005
Prloe per share.
*
Imports.
$184,625
18.774,514
4,921.099
612.141
50.776
1,375 294
103,046
America
77%
39%
99%
93%
41%
92%
35%
52%
51
96 310,948
335,293,457
other countries.
Ul other countries.
93 »«
3=>
812.398.725
395,638,091
weeks 8353,733,274 ¥384 776.345 "•408,036.816 $341,604,405
Total 1902
37
45
40
i09%
35*3
52*8
8H»e
ill
35%
76%
944
84%
93%
40%
90%
34%
50%
t-2%
813,143,080
371,633,265
Week.
107%
92
1899.
'r»nce
20
40
163
93
Bteel Corp., com.
1900.
New
64%
108»«
Do
do
pref.
Wabash
Do preferred. .....
Do T>eb. "B"..„.
1901.
The following table shows the exports and Imports of
York for the week ending Sept. 27
rpeoie at the port of
•nd sinoe Jan, 1, 1902, and for the corresponding periods in
901 and 1900.
SXPORTI A.ND IMPORTS Off iPBOlB AT MBW TORS.
3outh
94
IT. 8.
$78,154,840
306,531,020
Week.
41
110
%
811,469,562
J90.230.975
310,185,759
Exports.
70%
56%
Preferred
93%
41%
$7,991,656
879,827,603
336,399,306
ipeoie)
?est Indies.........
ilexloo .....•...
Sffnioa Faoiflo
10
$10,644,214
$94,693,966
323,483,190
Gold.
53%
31%
46%
94%
41%
70%
56%
55%
82,007,138
9,462,424
•10,471,477
99
142
1974
71
54%
31%
31%
11.902,053
6,089,603
39 wealis ?418, 177,156 3416.226 909 400,416,734 *384, 685,860
"otal
Total 39
93%
9994%
87%
:>4/%
55*«
1899.
1900.
82.237,783
8,406.431
for the week.
810 004,314
Tev. reported 343,728,960
93%6
142
50
1?6
152
27
3^84
78»8
39»8
9H l4
Southern Paoino
Soutn'n Railway, com
Thurs
93%
9992%
87%
5%
93%
94%
813s
LXXV,
PORTS.
§2,527,485
7,943,992
190$.
93%
9982%
x87%
5V
93%
107
52 H
35^
pref
933 18
103%
33*6
165
A Western
2311, e
5%
91%
9**4
143*8
56
159*8
157*2
239i6
87
103%
110%
405a
7038
Wed,
93» 16
OO 07*4
921*
95»fl
tut*.
9:-3 16
5i4
95
Fe..
Ohica. Great Western..
Chic. Mil. A 8t. Paul...
3en. &Rio Gr.,oom...
Do
do Preferred.
Srie, common
1st preferred .........
2d preferred...
Illinois Central
Louisville & Nashville..
Mexican Central..... ..
Mo. Kan. A Tex., com..
Preferred
National RR. of Mex...
Preferred
*. Y. Cent'l A Hudson
«. Y. Ontario & West'r
-Phlla.
93B U
935 18
5H
Canadian Pacific...... 1.41%
54
Chesapeake & Ohio
Do
do
Pennsylvania
23Hi»
23 St
936,6
^36 16
00-12 *
I If
1901.
1902.
English Financial Markets— Far Cable*
daily closing quotations for securities, etc., at Londoi
reported
by cable as follows for the week ending Oct. 3:
are
The
LONDON.
[Vol.
1
s
"
Difference.
*
*
RE-EXPORTS.
5,340,446
January
mos.
colonial produce since Jan.
1901.
1902.
Worfolfc
«
THE CHRONICLE.
712
.Eight
6
. .
I
Re-
Leoalt.
DuotiU
serve
S
f
P.O.
1.607,0 16.812,0
2.278.0 25.461.0
1.880,7 13.598,6
1,864,0 12.083,0
2.821,9 21.078,7
269,0
4.932.0
6,776.8 10l,87«,8
2.221.9 22.660,6
485.0
6.803.2
782,1
6.896,7
46,8
2,025,1
362,0
8.885,0
143.1
1,055,2
190,0
6.906.6
267.4
6,945,0
1,751.0 20,880.0
4.769.V 61,854,7
148,6
6,928,7
1,461.6 14468,5
486,0
8.742,9
796.1
6.098.5
436 8
2.741.4
1.302.8 12.829.1
6.906.1 51.418.2
4909 4,778.0
8810 6.295.2
861.3
8.0 15.0
685.6
6.603.2
230.1
4.566
2.881,0 26,587.0
281,6
1,722.0
1,189,0 19.688,0
3 616" 82730,0
179 4
1.298.1
2.311.0 19.383,2
1,041.1
12.939.0
1.074.0 10.212,0
1.922 6 87.801.
869.2
6.010,2
277,0
8,153.0
893 1
4.883.8
256.3
8 866.6
2.313.6 47.752.5
148.2
9,895.1
62 7.0
8.216.4
667.8
4.717,0
2,891
1M56.9
837.6
7.184.6
188.8
2,434 6
9,087 4
465.1
881.0
3,276.0
1,875,0 13.191,0
8.285.4 42.756,9
4700 4.897.0
7.483.8
875,0
4.087,9
808.4
8.181.7
161.1
1.1780
228.0
63,
8 727,8
Il00672,7 1004412 874,181,8 16198QH 70,886,61876,619.1
250
25-7
21-6
25-2
28-7
25'1
25'4
272
26-2
26'6
23'9
17-2
253
32-9
24*2
26-6
216
198
249
21-5
260
229
22-8
259
243
25-9
22-2
24-4
241
21 2
280
250
27-2
28-7
26-7
254
258
2i'2
229
20-6
241
26-0
27-4
25-6
281
20 5
25-7
25-7
270
238
24-3
25B
284
21-2
250
241
236
244
18'7
26'8
.
October
4,
n
1
2
.
K
1
HANKS.
Capi
3-,.r-
tUOl omlttail.l
tai.
• iuj.
Deposit. wit)
page
iB'k
Olear'g
ment $.
Notet
Agent. Bks.<kt
Othe- Deposit)
I-WIO
no.2 2073,0
100.0
Colonial
Hani Li toa
Mount Morris
Mutual
Nineteenth Ward.
Plasa
RlTerslde
State
Twelfth Ward
3272.0
1720.8
1549
1842,5
2425.2
200.0
260.0
2O0.U
200.0
100.0
100.0
100.0
107.7
91.6
177,4
176.8
227.6
102,4
'200.0
74,7
81.1
1H56.9
125,6
162,8
32,2
84 8
2885
147.0
16,7
976.6
6188.0 408.0
1606.0
88.0
1259 4
44.7
85>
1631.0
12,0
774.4
87
821.9
2,6
714.6
1228 6
9.1
3t59.fi
WM.
186
20989
100.0
100,0 261.6
46 9
100,0
Washington
soo.c 108,6
Fidelity
60.9
100.0
Varlck
82.0
200,0
Jefferson
63,7
100.0
Century
Waeh'fftonHeigh&s 100,0 103,8
1000,0 209,1
Called National
third
TorkTille
2460
8.1
8.7
468
2345.9
154,8
145.8
100.C
eo.2
108.4
96.9
91.8
139
179,2
359.0
8
126.1
216.0
68.2
162,0
171,0
115,8
146,5
42.0
87,9
150.0
2320.0
8518
8,0
24 "7
77.6
215.9
6,0
1929 3
1681 4
1951,8
58.i
286i),8
139
326
10,0
20948
19155
8
3
3056,0
966,6
5724,0
2023.0
1411,3
146.0
8*4,3
l 44,3
1631.3
781.8
601,6
734.1
"**4
1288 9
I
143,0
803,6
1864.7
160,0
100,0
300.0
100,0
100,0
262,0
Manufaot'rs' Nat'l.
600,0
Mechanics
100.0
Merchants'
Nassau National.. 300,0
300,0
National City
100.0
North Side
100.0
Peoples
Serenteenth Ward 100.0
200,0
Sprague National.
100,0
Twenty-sixth W'd
200.0
Union
100,0
Wallabout
Brooklyn
Eighth Ward
Firth Arenae...
Other Cities.
1st Nat., Jer. City
Hud. Co. Nat., J.O.
Id Nat., Jer. City..
Id Nat., Jer. City..
1st Nat., Hoooken.
Id Nat.. Hobo ken.
12.8
1609.5
173i,4
1611.7
311,0
792 8
8020,2
8891,1
888.7
4101.0
8041.0
989,2
1304.8
628.2
1113.8
686.7
1380,7
838.9
187,2
201.2
165-4
Broadway
17,7
82,7
482.9
3618
86.9
623.3
576,2
165,5
144.1
76,8
61 6
59,8
180.1
66,7
13.8
81.
6.2
36.2
845
227
6
t
88
160C
116.0
9,8
482
9.0
01.
11,8
899
85.7
95.0
160.7
46.8
36,0
27.2
104,7
210.2
49,2
283.0
269,0
66.0
88.6
42 8
2
101,4
211,2
120,8
43,0
66,9
411.0
287.7
87,4
412.0
420.0
62 8
57.2
63,3
166.5
70.6
68.1
61,8
6
22,0
79.7
28,1
1609 4
1934 9
1496 8
111,6
54,3
40.0
8977
5,4
729,0
20,0
8467 8
4637 1
938.0
4362,0
8332.0
29
926.1
45 c 1388,6
47* 682.8
47 t
979,2
2,3
600,6
108 C 1,831 2
88,8
821,2
27.0
77.0
400,0
250.0
250.0
200,0
110,0
126,0
579.5
786,1
76,1
96.6
14.0
87.1
991,7
4926,1
619,1
304.*
2363 8
67.6
1178.5
1276.C
2233,8
1049,3
86. f
62. t
258,0
493/
127.6
.
278,-2
117.1
28.1
71,0
112,8
18,2
10,0
580
804.1 1200.8
68.6
56,5
13,4 258 2
62.8 286.1
23.2 1892
216
68 4
88, e
17798
10
1078.1
1326.4
1
26.1
21.4
19
8
1974,7
1069.6
78387.8 3536,9 4124.9 7618.2 1831.1 S2608.8
4 8008,'' -1446.6 4089 C 7347,7 1925, r 81875 9
4 77607,7 4287,0 1125,6 8160,1 1670,!- 81938,8
7
&
Philadelphia Banks.— Below
of
summary
the
weekly
returns of the Clearing
we furnish a
House Banks of New York City, Boston and Philadelphia.
The New York figures do not inolude results for the non-
member
City,
banks.
Capital <*
BAJTKS. Surplus.
N. If.'
Boston
Loans.
Specie.
Legale.
Deposits.*
09
Btrt
O"
r-*
oooioa
9
%
w oo *
_»
cor-^j*
00
9
s
9
••
"
20..
27..
62.872,0 187,106 14.888
52.322.0 189.843 .0 1V837.0
62,322,0 190.330,0 15,766,0
$
73.352.8 323.898,2 83.585.0
72.132 1 908. 768,8 31,287,6
70,568/ 488,871, 31. 761.
70,385,6 476,519,1 36,077,9
6.8130 203.164,0
18895590
16620631
15185047
17482863
6.184
207,282.0
5,933,0 204,024,0
5,558,0 122.5325
6,669.0 126.921 1
6,926,0 128.349,6
219,440,0
217,484,0
215 2l7.o
9,074.0 107 876,1
107.519.8
8,928
8 788
1 14 267.3
Pblla.*
Sept. 13..
••
"
20..
27.
* *?«
omtl
44,764
190.057.0
41,764,0 188 630,0
41.764
187 6'9 1
i
itoo cxpnert
53,885,0
62,116.0
50 .f 4?
»n au mese Spures.
l
dn0 o nthar
'
— co
^
H».«
CO
4
d»»X>
tO»-H
«4v 'H£. tl
ejeoco
wed
a>
•*
00 CO 03
30
M
g)
a
hftn»».
July 1 1902 A«g.ll902 Sept.ll903 Oct 1 1902
262,191,128 248,005/05 204,657,604 28^,124,771
*5,275,»88 27," 10, 70 22,8"2,W<10 12,066,8112
84,21
137,655
127,416
78, 50
3,'6'),830
10,415,161
9,2^,347
6.539.242
10.740.S41 lv,«37,Vl» 14.725,812 J4.H10.SS9
11,0*2.' 15
12,i 02.980 10,861,174
8,082,37
1
Sl\802,2lf 309,385.080 317,7:44,608 !<24.718,4<3
126.6i6.6l8 126,152.991 12A.382. 70 138,98^,197
.
.
480,808,7*1 435, 188,077 44S,116,772 468,«60,880
80.-; 34,616
81.513,478 88,8i:6,m 87,397,286
358.G74,U« 858,974,6»'9 350.4P1.501 87 .268,384
1
Sold reserve fund..
150,000,001
Available casb balance.
•"Chiefly disbursing
officers'
160.000,(00 160,000.000,160,000,000
\
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55
* Deducted from July "Miscellaneous" 1901
Receivod nn account Central Pacific Indebtedness
a Dtducted fr m February, "Miscellaneous" 1901
Recplved on account of Central Pacific Indebtedness
t Deducted from March, " Miscellaneous" 19>l
Received on account of Central Pacific Indebtedness
t Deducted from June, "Miscellaneous" 1901
Received from sale of claim against Sioux City & Pacific......
5432,895 93
I
S2 o»sr qi7 05
o*
v«,Du«,oif
)
$
>
»]
)
090 41
4fl g
'
J
)
'
«2
* 122 841 24
'
'
To make the figures conform to the Government statement, the amount mentioned in above foot-note should be
added to the Receipts as indicated therein. We have deducted these items, as th^y do not belong to the regular
income account, and if included would disturb the comparison with former and future vears.
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at
auction
By Messrs. Adrian H. Muller
Son:
&
Stocks.
Stocks.
40 Westoheater Trust Co.. .130
15 Partners' L. & Trust Co.. 1490
100 Bay State Seam Faae
Granite Co
ftOo. per share
200 Playa de Oro Mining
< ".o
$2 75 per share
500 Dominion Seo'ir'es Co. 14 ** 21
90 Atlas Match Co. .$ L per su tre
$=> lot
364 Aladdin MTg Co
300 AUtanoe Re*lry Co.
20-.674.116 208,974.599 209,481.601 231.2^8.394
&
29
$500 Durland 00. 2d Mort.
.">§, 1925. M&N.
60
$6 000 Oregon Sh. Line RR.,
90
8eries B. 4s, 1946
$4,000 Oregon 8h. Line RR.,
105
Series A, 5s, 19i6
Hfittatxttal.
Trask
BANKERS,
PINE STREET,
120
Bond*.
HauM-Hig ku&
Spencer
(de-
posited stock)
-
-
&
Co.,
NEW YORK
-
Transact a general bankinv business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIES.
Members N, T. Stock Hzchanee.
Branob
Moffat
New
&
Office.
65 State
St.,
Albany
White,
Members
York Stock Exchange.
1 WASSAD STREET, CORNER WALL.
Dealers In Investment Securities.
TeL 6820-6821
Cortlandt,
Telephone Stock* a Specialty.
balances."
Government Revenue and Expenditures. — Through
the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
and disbursements for the month of September.
From previous
,-t
CO
1
—05
aococ-
0-
r-c
•
I
37
l
l
Cash in Sub-Treasuries
co^CMO ~ia
*
at
1
I
-<l- «.ct
BOOt-i
1
.
TKEA8TJRY NET HOLDINGS.
Amount In national banks
Cash in banks Aaub-treas.
Deduct current liabilities.*..
3*
*°
8*8.
Holdinos in Sub-Treasuriesfletgold coin and bullion
NetpllTer coin and bullion
Net U. 8. Treasury notes
Netlegal-tender notes
Net national bank notes
Net fractional silver
0?.
—
m
i
O «
O X
X
i-i>o» jo
exa* — 05V
^ C- CM O H ^H
as
os
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4 l^ N O Cv O O
•*
a>
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rH
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ooxo
*
*
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*
V
*
e»
OOOO
-v
GO -» -*
c
O,
0DO«
atom
*
(000
ct,
1
ejo »aoeooi
—N
currency holdings of the Treasury on the 1st of July,
Angust, September and October, 1902. For statement for
corresponding dates last year see Chronicle of October 19,
receipts
OB 3D
cc
ODCOIO
-*
(frTPX)
1
'
CB
.«»
CM
OS
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A
w
O
r-CO -
10
— cs<s
a^-ccu jl.
j;
?!
ot
CM «
a>
^1
j»
Treasury Currency Holdings. — The following compilabased on official Government statements, indicates the
page
^»c«
•»
t*
ex>
-»
1
COX.
as
JO
^ojc»«d
«.
Cb
a
*
e«e
»
1
1
1
n
c»e»
tion,
1C01,
^c« c*ej
i-HO&fc.
Boa.*
Sept. 18..
401
41.0
OOrHO
4** ^i !
•»
1
«. 00 CO
*
04 *+
3
2*
OJt-O
otooo
1
a> a_
Circ'l'n. Olearinfi
~9~~
~~i
Sept. a.. 214 609,8 906.874.8 1615938
"
18.. 214 609.8 899.498 9 1557753
" 20.. 218 583 « 887.534.4 ISOOO'2
"
27.. 218,840,6 874,181,8 1519808
OXH
(COT *
^.
act
1
i-c^*X
Cfc« -V
6189.7
V
- -M
co
604,6
703,0
7.1
O
00 9»^)
CO
«J
iJ
1
»-«-
SOl-N
.
Totals Sept. 27.. 8812.0 P442
Totals Sept. 20 H812 9388
Totals Sept. 13.. SQ] 2,0 9383
New York
COOS
CO
01
QOilj
1
)^0»l>iO
O)
26,0
100.0
cor-
10
a
"4
Bedford
~<o
N-
1
(
206 9
108 9
77.0
68.4
168,0
144.0
102,7
108,6
48.6
57.7
117,1
199.2
19.6
22.2
43,4
60.H
63.3
19.0
10.0
46.6
f
Boro'h of Brooklyn.
Borough of
Richmond.
Bank of Btaten Isl
latNat.,Staten Isl
fc
«
~»»o
rw
b. 00 O
^>
OiCO «
1
jj,«»0
1
«s
o2
r^
»
t
1
823.
w
t
46.8
148.0
90-8
t
I
300.0 363,7
Columbia..
06,2
Fourteenth Street. 100.0
49,t)
200,0
aansevoort
Twenty
Invest- Specie.
:
.
713
RECEIPTS AND DISBURSEMENTS
•i
Net
Cut.
Borough Of
Manhattan,
)
'
nine months of the calendar years 1902 and 1901.
For
statement of September, 1901, see Chronicle October 19, 1901»
I
Tom
O
*
THE CHRONICLE.
1902.]
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Sept. 37, based on averages of the daily result.
Wt omit two ciphers (00 ) in all cases.
nbw
.
,
returns we obtain the figures for previous
months, and in that manner complete the statement for th e
Tracy
&
Co., Bankers,
No. 40 Wall street.
CHICAGO.
NEW YORK.
Conneoted by priTate wire.
MILWATJKM.
Dealers In High Grade Bonds.
List of Current Investment Oferinas sent on Awlication.
„ J New York Stock
Mamhn
M8mDers
{ Chicago Stook Exchange
Exchange.
('-•anjtsaton
Executed In
all
Ordera
M»rkot»
THR OHROVin
714
[Vol.
LXXV,
1-16 discount, selling 1-16 premium
New Orleans,
bank, par; commercial, $1*25 discount; Chicago, 5c. per
$1,000 discount; St. Louis, par; San Francisco, 2^c. per $100
buying
%m%ktv*?
BP° For Dividends see page
*,
<Sa*ette.
;
premium.
7/2.
WALL. STREET. FRIDAY. OCT. 3, 190U.-3 V an.
The Money Market and Financial Situation —The natural
sequence of a 35-per-cent call loan rate was experienced at
United States Bonds.— Sales of Government bonds a*
the Board include $21,000 3s, coup., at 108 to 108^? $'6,500
The
4s, coup., at 110%, and $1,000 5s, coup., at 105^.
following are closing quotations for yearly range see third
page following.
;
the Stock Exchange on Monday. Tbere was liquidation,
both voluntary and forced, and a radical decline in prices.
Interest Sept.
Sept.
Sept.
Oct.
Oct.
Oct.
The latter included all classes of stocks and was most con29
Periods
27
30
2
1
3
spicuous in some of the high-grade issues. But the move*109i>
•1091-j
*109>»
*1091q
*109»9
Jan
log's
2s,
registered
continued.
1930
CJ—
long
ment was not on an extensive scale or
ooupon Q-—Jan *110 *110 *110 •x09is •1091s *109i9
1930
The total transactions on that day were but little over 2s,
2b, 1930 .smaJ. registered
is
there
when
2s, 1930 .small
ooupon
1,000.000 shares, an amount often exceeded
•10714 *i07>i
Q—Feb *i'08" *ib"8" *ios"
no excitement. They were exceeded by nearly 200,000 shares
Q— Feb *108 no8 '108 -108 108i» •108
reversed
was
on Tuesday, when the tendency of the market
3s, 1918, smaU.reglstered Q— Feb
8s, 1918, small
coupon Q-Feb *io7»« *i'07»i *i07»4 •iof'i *i"07»4 * 107*4"
and sharp recoveries were made.
Q—Jan •110»4 •110<V •no»« *110\ *no», * 110*4
adopted
The change was due to more effective measures
Q— Jan *iiii» •1111-1
*x\o\ * 11034 110*4
•137
•13634
•137
registered Q— Feb -137
•a;. 36 •137
by the Secretary of the Treasury to relieve the money 4s, 1926
•137
*137
-137
•136*4
•137
•137
Q— Feb
stringency, and later by the announcement that President 6e, 1904
registered Q-Feb *106>< •106i« *105m •3 104 •lOSi* *106i4
Q -Feb •106"* •IO5I4 1061* -1061* 106i9 •106i«
Roosevelt would use his personal influence to bring about a
•This Is the prioe bid at the morning board; no sale was made
change in the coal situation. Hopes that he will succeed in
this highly important matter are entertained, but in the
Railroad and Miscellaneous Stocks.— The stock market
meantime there is a disposition to await developments, ana has been decidedly irregular. The most severe decline in
business in Wall s-treet has been very much restricted.
recent months occurred on Monday, when Louisville &
The Street was disturbed this afternoon by sensational Nashville showed a loss of nearly 16 points, St. Paul nearly
rumors from Washington to the effect that the Comptroller 13 points, North West, and Illinois Central 8 points and a
of the Currency does not agree with Secretary Shaw as to long list of active shares, ii eluding New York Central and
the legality of releasing the 25-per-cent reserve held against Pennsylvania, sold from 5 to 8 points below list week's
Government deposits, and the market declined sharply closing prices. Tuesday's market was the most active of
undtr the doubt created.
the week, about 1,200,000 shares being traded in, and subAn important event of the week has been an advance in stantial recovery was made in practically the entire list.
the Bank of England's discount rate from 3 to 4 per cent. On Wednesday the market was feverish, and on Thursday
It reflects the tendency of the foreign money markets and dull and featureless, the total transactions aggregating less
is unique in that the Bank does not often find it necessary
than 500,000 shares.
To-day's market was dull and firm
to change its rate a full point.
until near the close, when, f )r reasons noted aoove, there
The open market rates i or call loans on the Stock Exchange was pressure to bell and a sharp decline in prices. The anthraduring the week on *-tock and bond collaterals have ranged cite coal stocks as a group have been strong during the last
from 3 to 35 per cent. To-day's rates on call were 5^ to 8 per two or three days on hopes of a more settled state of affairs
cent. Prime commercial paper nominally 6 per cent.
in the coal regions in the near future. Otherwise the active
The Bank of England weekly statement on Thursday list generally shows net losses averaging from 1 to 4 points.
showed a decrease in bullion of £1,509,934, and the percentMiscellaneous and industrial stocks made a record simiage of reserve to liabilities was 44 63. against 53"S7 last week, lar to that of railway shares. When at the lowest, General
the discount rate was advanced fiom 3 to 4 per cent. The Electric, Westinghouse E. & M., New York Air Brake and
Bank of France shows a decrease of 23,600,000 trance In gold North American had declined 8 to 9 points, from which
and 3,825.000 francs in silver.
The iron and steel
partial recoveries have been made
The New York City Clearing-House banks in their state- issues have been relatively strong, Colorado Fuel & Iron,
ment of September 27 showed an increase in the reserve of Tennessee Coal Iron & Railway and United States Steel
r
%\, 90,700, and a surplus over the required reserve of $3,236,- closing higher than last week.
625, against a deficit ot $1,642,050 the previous week.
For daily vomme of business see page 121.
Differences
1900
1901
The following sales have occurred this week of shares not
1902
from
Sept. 29
Sept. 28
Sept. 27
represented ir our detailed list on the pages whioh follow.
previous week
mm
-
>
Surplus
$
100 672.700
117.687900
Loans <8> discounts
874.181.J-00
Capital
Circulation
Net deposits
Specie
Legal tenders
Beserre held
26
p. o. of deposits
Deo 13.362 600
36,077,900 Inc
316 600
876;619.100iDeC 12,361,900
161 980,800 Ino 1,973600
182 900
70,386,600 Deo
817,472,600
29,865 7oo
884,7<>6 8»n
222.366 400 Ino
219.129,776 Deo
260 406.100
234,113 076
234 119 300
221,176 700
3.236,626 Inc
Surplus reserve
Hotb.— Betorns of
1,790,700
3.087,976
18rf.lft>s400
64 962,900
16.298025
4,"-78,67«
12942,600
—
and rates are somewhat higher.
To-day's actual rates of exchange were as follows: Bankers' sixty day sterling, 4 83(a4 8310; demand, 4 f-6(34 8«15.
prime commercial, .sixty days, 4 b2%
@4 ^2%; documentary commercial, sixty days. 4 82<a4 83;
grain for payment, 4 82%@4 83; cotton for payment, 4 !>2
@4 82^; cotton for acceptance, 4 82%ia4 82%.
cables. 4 8650(a4 *665;
leading bankers follow;
of
October
3
4 83 Si
Prime uankers sterling bills on London.
rtA ~2 34
4 82 4
Prime commercial
tti 83
Documentary commercial.. ...... ......... 4 82
Pari* bankers' (Francs)
(g-nllders)
bankers
Frankfort or Br«tnt-n (reichm'ks) bankers
1
t Less 82.
t Less 3 32-
Demand
Wlx/V Oayt
6 2<>iie
89 7
s
af 20
»
941 a
4 86ig
ft
l7Ht
89'G, f
4'
P4"i6
k6
04
a>6
ho *
*
87
17i,t
<0i
Oct.
3
Am er Tobacco, pref
Bait & Ohio rights
pref.
Bus. & N. Y. A.
L,.,
Butterick Co
sales
for
Illinois
600
65,365
On
1
8 fie
3 146 Oct
3isOct
2 ] aSep29
Oct 2 108 Oct
3 140 Jan 161»2Mar
234 Sep
1
3h,Oct
108 ^Jan
53 tier
144 3»Se»
174>9Sep
103 Sep
10'eSep 123eSe»
33 May 45 Aug
12 Feb 28 Apr
39 Hi Feb 64»4Sep
30 Ang 44°sMar
67 Sep 68 Max
2 108 Jan
Sep 29 50»4 8ep 27 41 J'ne
900 134!sSep29 139»BSep27 134 HsSep
100 170«.iOct 3 170»-,Oct 3 160 Mar
10U 101*4Oct 3 101 3,Oct 3
98HiJ'ne
Central rights... 18,690
600
110
10
<&
Ue^Oct
30 108
1,600 60
New Central coal
New York Dock
Preferred
8 R ductlon
Preferred
Range Since Jan. 2
Range for Week
Week
Canadian Pac subs 3d pd
Commercial Cable
General Chemical, pre!..
C
Foreign Exchange. The market f r foreign exchange
has been firmer in tone this week than for some time past
Amsterdam
Week Sliding
separate banks appear on page 712
Stale and Kail road Bonds.— Sales of State bonds at the
Board are limited to $904,000 Virginia 6s deferred trust
receipts at 11*4 to 15%.
The railway bond market has been influenced chiefly by
conditions that were dominant in the Mock market. The
volume of business has been fairly good, averaging nearly
$4,000,000 par value per day, in which high-grade issues
were conspicuously absent.
Union Pacific convertible 4s have again been the most
active bonds, and are fractionally lower. Detroit Mackinac
& Marquette lani grants and Green Bay & Western debenture Bs have been the strong Matures of the market,
showing ret gains of about 5 points. Third Avenue consol.
4s have advanced on limited transactions. Colorado Fuel
& Iron con. 5s have been strong in sympathy with the shares.
Posted rates
STOCKS
9
74222,700
90.109 pon
81,722,700
96.211 600
867.609. /00
30 6 2 600
936 45 1 300
17B.V36 4O0
71.469.700
200
100
Refg..
Market
Sep27
10 78 8ep29
ll
45 Oct 3
25>uSep30
64 Oct 1
33 Sep 30
67igOct 2
45 Oct 3
26iaSep30
64 Oct 1
34 Oct 1
57>oOct 2
5
8
While indications on Saturday pointed
to a speedy recovery from the loss suffered last week, the
prices on Monday were at the lowest ebb for many months.
The plan to relieve ttie money stringency on Tuesday, however, served to bring about a quick recovery. Northern Securities figuied as the most active security, opening on Saturday at 1 'zys l>ut being forced down on Monday to 109.
rally to 111/6 followed, and the close to-day was at lllj^.
Hock Island common fell from 60J4 to 5» 5 g. and the preferred irom »5 to 81^. both rallying ultimately to '9% and
85%, respectively, closing st 59^ and 84J^. The bonds were,
as usual, in good demand at 88\'4 @ti8l$, closing at 88}4- s eaboard Air Line common droppeu from 30^ to 2v* 5 g, the preferred from 49^ to 48, both recovering later, however, to 30
and 491-s. Renewed interest was shown ia San Francisco
Street Ry. stock, the common realizing 22 22% and the preferred Gl^iatjljg- the subscriptions selling at 48J^@48 1^.
to 6%. rallying
Manhattan Transit sold down from 7J8
subsequently to 7J^. Ver* lively inquiry was ninnifestea
for United -tates Realty, the common sinking from 34^ to
3i% and the preferred from 78}£ to 76,%, both attaining the
former figures later, however, and closing a 34^ and 76,%.
Alliance Rt alty was active at 132^130%. Virginia Iron,
< oal
Coke was dealt in extensively at 36(334, rising later
to 37, the bonds fetching 79@78>£, while Electric Lead Reduction was unusually active at ^(eebj-g. American Can
common was in very fair demand at 13%@12->8. the preferred at 53J*£(o52j£. American Writing PnpT was a leader
in point of act i ity, the common selling at 6^4(06!^ and the
preferred at 26 1-4(a24 ^. Bamberger de Lamar was dealt in
A
.
@
&
1
«t
6'ie
The following were the rates of domestic exchange 01
New York at the under-mentioned cities to-day: Havannah,
buying 75o. discount, selling 75o. premium; Charleston,
heavily at lo^"ll, and Greene Consolidated bended the
opper list at z7%(cbiQ 34. International Salt 5s closed the
week with a sens tional bound from 4U to 54^, owing to the
fact that the October coupon was paid.
Outside quotations will be found on page 721.
<
7
*
'
1
New York
. ...
..
.
Exchange— Stock
Stock
Record, Daily,
Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS— HIGHEST AND LOWEST SALE PRICES
Saturday
Sept. 87
{42
•69
42
71
90% 92*4
100% 102%
107% 109%
93
93
Sept.
Wednesday
Tuesday
Sept. 30
Monday
29
•40
42
•09
71
90
S5
3
99 4 101
1U3 107%
•40
*67
92% 92\
93
Oct.
42
70
88%
91U
100»4 102*4
105% 108
90
64 \ 00
02 34 05 *s
65 % 60%
•120 126
•124 120
*124 126
•141
•140
•141 150
137 139
138^1 40fs 134HJ 139
•84
87
bo
85
*87
89
*17o
180
175
175
•178 184
4» 34 62
48% 51
51*4 52%
35*8 37%
34 "a 38 4
$8% 39
7 J 4 74
74 34
73
74% 75
•214
210
214 2US
•130 139
»135 188
29% 313s
31
29
SO^j 31*4
91
90-g 90% ?91
•88
91 >v
87
87
87
87
87% 87%
40
48
45 34 46%
46% 47
3
ltra%196% 183% 192 ) I&714 194
195
200
198
192
199 199
231 235%
230 232
236 s* 237
l
*
199 "201
M")7 165
+190 196
21 % 22 %
4o s4
40
•18% 19
*52
104
60
197% 198%
164% 164 78
197 "4 198
100 105
190 197
20% 22
37 "a 39 34
18ia
18
48% 50
100 104
190
21
38 %
1»
52
190
32
1
Oct.
•40
'70
90 %
102
42
72
91 34
•94
96
Friday
Oct. 3
2
•41
43
73
90% 91 %
101% 102 *4
108 109
•71
S9's
04% 05
% 120
•141
138% 139% 137% 138%
05% 65%
•121% 120
£7
180
51%
*.
•121
'141
»7
180
8s
180
53
.".
1
•'}
88
180
53
37 34 38%
37% 38*4
74
75
74
74
'214 210
•214 210
•135 138% *135 138
30?g
3J 34
ol
91i 4
•90% 91%
•87
47
192
s8
200
200
260
201
105
196
•80
•40
483,.
91'
Atcli.
Shares
Topeka
Chicago <fc North Western
205
Do pret
200 % 201 '8 201 202% Chic. Rock Isl'd <fc Pacific
•158 106 •158 105 Chic. St. P. Minn. & Om
*190 190
'190 196
Do pref
22*4 22
22*4
21% 22*4 Chicago Term'l Transfer
4034
40
40% 41
18 34 19
18%
•50
52
62
55
3
3
103 4 103 4 •103 104
3124 124
Do
40%
38»4
1»>8
H%
pref
Chicago Union Traction.
Do pref
19
55
56
103 34 10334 Cleve. Cin. Chic.
«fe
*s
<fc
47
93
38=8
67»4
39%
68V
3
53% b*
61
4
01*2
•86
90
-62% 64
194 196
23 Hi 23 %
•95
96
•90
91=8
152%155i,
21%
40%
40
89% 90
19
19%
87% 88
19% 20
31
37
06
3)
38=8
30*4
31-6
31%
32*4
40%
69%
54%
4034
52%
59%
37 34
07
52 34
39%
63 3
CO
90
60
190
190
•85
•00
193
68%
*
•35
•66
623*
*126
38
76
6234
130
62%
22% 23 >a
93% 95
80
36
4
01
81% 81%
36
67%
90
•jo
2234
93%
91
151 34
91
149
46%
81 *4
55
75
•65
113
113
76% 77%
131
182
31% 32%
63
04
114*4 11
96
92
81%
35
57
38
75
96
92%
92*4
57
130
120
*80
85
•81
84
2534
130
•91
•229
116
92
233
33'4
34^
72
73 34
92% 92%
*78
100
79
106
*S2
83%
162% 165
44
80
*
44
80
94
99% 99%
•93
94
67 % 69 w,
86% 87
75°b 76%
•22% 23%
79
H0%
79
26 3
26
4
110
26%
27*4
110% 112
*120
76
71% 76%
77 34
131
127
130
lll'allois
113
27
77*4
117
30 % 31%
63
03 34
116 110%
*105 110
40%
120
110
91%
91
*110
*90
$233
120
91
230
J232 232
34 8
32% 33% 33
3
70
72 4
71% 73 H
92
91
92
4 92
76
78
76
78
100 100
102 108
80
81
81
81
159 103
162 165
40
•40
40
44
81
81
81% 81%
94
96
99
98
98
•112 124
110 125
•93
•93
94
94
6734
64
65% 72
86
80% 80
87%
74
75% 74% 77 34
22
77%
37%
57
57
3734
•80
Lllinois Central
owa Central
Do pref
82%
43% Kanawha & Michigan
C.Ft.S.<fcM.,tr. cts. pfd
81%
35% Kansas City So. vot. tr. ..
Do pief. vot. tr. ctfs
56% 50 34
130
75
65
130
84
•80
84
-22
76
141 34 142*4
'40% 42
•88% 92
Keokuk
38
•91
79
92
100
83
104
•40
82
100
79*4
83
165
43
82
"99" 94
993,
110 125
93
93
69 34 73%
88
88%
7734 79"8
77 34
37% 39
BANKS
•40% 42%
•88% 92
20*4 20%
112 *111% 112%
127 • 120 127
75 34
73
7434
130 130 34 129 130%
30% 30 % 30
30=8
63
62 34
63% 62
115 110
112% 110%
107 109 •107 110
120
7434
19*4
52
110
•88
230
34*4
19%
19% 19%
40
39*4
159
52
120
91
155%
234
"50
•110
88
•230
•91
•78
loo
83
104
93
79
106
83
39*4
158*4
52
120
91
234
34% 30%
73% 76
34 34
73% 70%
*91
77
•100
Do
Lake
Do
93
78
106
81
&
Des Moines..
pref
Erie & Western.
's
500 230
2,500 152
100 140
Mar
195
6
7,200 15*4 Feb 21 24% Augl9
8,700 80*4 Feb 20 41 Sep 10
4,500 10 34 Jan 8 23 Apr 29
1,000 44 34 Marl5 60 Apr28
1,640 95% Jan 14 108% Aug 8
12 118 Jan21 124% Sep 2
8,250 14% Jan 15 35 34 J'lyl7
1,100 59*4 Jan 15 79%Augll
4,000 28 Jan 14 53% Sep 2
0,400 170 Marll 184%Jan 7
1,700 253 Jan 15 297 Feb 4
12,100 41 .Apr 7 51 34 Aug21
7,025 88»4 Mayl9 96 34 Aug21
500 39 Feb 1 53%J'lyll
4,300 13 Feb 3 25 Sep
34,900 33 Feb 24 48 < Sep 3
1,878 75 J'ne 2 97 Sep 2
2,245 10 Jan 15 24 Aug*.
600 18=8 Jan 14 35 34 Apr a
188,700 353a May in 44% Jan
18,300 6534 Mayl9 75 34 Jan 2
5,600 51 Mayl7 63 34 Jan 2
5.100 50 Mar20 743s Mar
82 May29 104 34 Feb 2
310 30 Jan 2 66 Sep 17
2,200 181% Mar 5 202 14 Sep 4
9 70 Jan 11 90 May22
9 Jan 8 29*4 Oct
2,284
4,800 66 Jan 15 106 Aug 8
1,200 81% Jan 14 97*4 Aug 7
26,500 137 Jan 14 173%Aug27
2,700 37% Jan 15 5134 Aug21
2,400 71 Jan 14 90% Apr 28
500 33 78 Jan25 50%Augl4"
3,650 80 Sep 24 88 Aug
5,700 19 Jan 15 39 AugL
1,800 44 Jan 14 6234 Apr 21
600 13 Jan 15 41 Sep 10
45 Jan 2 84 Apr 22
"*800 60*4 Sep 29 71% Jan
125 Jan 15 138 Feb
Shore & Mich. South'n
Apr
325
7
Long Island
300 78 34 Jan 15
213,800 102% Jan 27
Nashville.
Manhattan Elevated... 201,905 128 Marl
etrop. Secur., sub. rec.
2,890 109%Mayl9
Metropolitan Street.
16,240 1 39 % Sep 29
Met. West Side El. (Chic.)
38 Feb 7
Do pref
89 Mar 3
Mexican Central
9,150 2534 Sep 29"
Michigan Central
3150 Mar
Minneapolis <fc St. Louis
1,100 105 Jan 2
Do pref
118% Jan 22
Minn. S. P. <fc S. S. Marie. 11,450 30%Jan 2
Do pref
3,150 90 Jan 14
Mo. Kansas & Texas..
21,600 24 Mar
Do pref
15,027 51 Jan 13
Missouri Pacific
228,275 9034 Marll
Chatt.
&
St.
1,000 80 Jan 24
Louis
Nash.
at. of Mex., vot. tr. ctfs
3,900 c 14% Jan 15
Do pref., vot. tr. ctfs 2,100 37% Sep 23
N. Y. Central & Hudson.. 41,839 153%Maylt
N. Y. Chic, cfc St. Louis...
1,800 40% Jan 15
Do 1st pref
117 78 May21
Do 2d pref
84 Eeb 4
J 00
N. Y. N. Haven cfc Hartf
155 209%Jan3U
N. Y. Ontario cfc Western. 85,400 32 Marll
Norfolk & Western
134,890 55 Jan 14
Do adjustment, pref.
400 90 Feb 21
Pacific Coast Co
3,000 07*4.rne23
&
.
Do 1st pref
Do 2d pref
100% Jan
1
99 34 100
•90
AJND
94
71% 72 34
87% 87%
78
78%
23*4
23*4
70%
70*ii
39
39
TRUST COMPANIES— BROKERS'
Nov
34
Sep
42*4 Jan
66
Deo
91
J'ne
May
114% May
108
97
J'na
Apr
Not
Nov
117% May
89 Nov
196=f Dec
62% May
50% Apr
82*4 Apr
140 Nov
130 Apr
27 Not
9434 Mar
.S8%
122
140
90*. J'ne
50
188
200
215
248
Mar
May
May
May
Apr
175*4 J'n«
140 34 Not
201 Apr
10% Jan 31 Apr
2834
Dec
57% Apr
12 Jan 2034 May
58 May 60 May
73 May 101 Nov
115 34 Jan 124 Not
6% Jan 18 Apr
40 Jan 60 Dec
16% Jan 28 34 Apr
105 May 185% Apr
188% Jan 258 Deo
29% Jan
53% May
Jan
Jan
14*4 Dec
103*4 J'na
80
18
36
75
Dec
21
Jan
J an
Jan
45
J'na
17 Dee
40% Deo
Oct 82 Aug
4% Feb 12% J'ne
13% Jan 22 % Sep
24 % May 45%J'n«
5934 Jan 75 Deo
39 % J an 02»4 De«
41 Jan 68 Apr
J an
95 Apr
81
17 Jan 30 Apr
107%Mh\ 208 Mar
65 Jan 6734 Feb
ll*s Apr
7 % Jan
40% May 75 % Deo
3
88 *i Deo
<>9 4 'Jan
124 May 15434 J'na
48
21
4334 J'na
87*9 J'ly
41
J'na
77% Dec 81*4 Dec
13% Jan 25 Apr
35 Jan 49 Apr
18% Oct
5 34 Jan
24 Jan 45% Sep
3934 Jan 76% Nor
108% Jan 135% Sep
3230 Apr #355 Not
"
pref
Louisville
9
Highest
Feb
20
50
70 May
81 34 Jan
8334 Feb
55% Oct
128 Aug20 77 Mar
145 Sep 19 116 Mar
145*4 Sep 3 87 May
97 May 2 2 54% Jan
198 Jan
145 34 Jan
57% Sep 3 29 May
45%J'ly 10 27 M»j
79 J'lyl7 72% Jan
220 34 J'ly3U 91 Jan
151 J'ly 1 120% Jan
35 Aug20 16 Jan
95*4 J'nelO 90 J'ly
90*4 J'ne24 75 May
51 34 Aug20 41 Dec
198 34 Sep 20 134 Maj
200 34 Sep 20 175 May
271 Apr29 168% Jan
274%Apr29 207 Mar
200 Sep 22 116% Jan
170% Apr 30 126 Mar
210 Apr 15 180 Mar
Jan 14
Jan 18
Jan 15
Feb
81
900 78 J'lylh
102 34 165*4 Pennsylvania
214.050 147 Jan 14
Peoria
cfc
44% 44%
Eastern
1,050 39 Jan ^
82
82% Pere Marquette
1,100 71 Feb 15
Do pref
80 Mayl
94
•98 100
Pittsb. Cln. (Jhic. cfc St. L.
700 80% J an 7
Do
124
pref
113
110
Mar25
•90
94
Securities, "A" ctfs
"ioo 93 Oct 1
RR.
eading, vol'g tr. ctls.. 546,440 52% Mario
69=8 73%
1st pref. vot. tr. ctfs. .. 12,540 79% Mario
88
SS^i
2d pref. vot'g tr. ctfs. 52,910 00 Jan 14
80
78
Rutland, pref
74 J'ne27
23% 23*4 St. JosephcfcGr'd island.
1,400 12 Jan 14
Do lstpref
77
77
5,900 02 Feb
Do 2dpref
38*4 39%
3,820 27 Jan 7
St. Law. & Adirondack...
50 May 10
10534
43*4 45
23% 23 14
70% 77 34
38% 39
24
139=8 142
20% 26%
i"57 34
B
82
43
81
35
•34
•65
•60
• 120
75
05
deb. otL
46 34
16*4
130 4 137% 130% 138%
123% 124
124 124
34% 35%
72% 75
<
75
35 34
120
91
233
Rio Grande
Do
153%
150
47
82 34
112% 112
127
&
Hocking Valley
Do pref
93%
138%141% 138% 140*4
3
14
12914 131
29% 31%
62
63%
22
9034
•90>4
37%
•05
*01
•120
-
28ia 31
60*6 62%
110
•90
230
29*4
95
92*4
15334
L.
109 "a 109ia
71%
25%
96
81% 81%
35
35%
137% 143% 138*4 142%
135%137
136%138 34
124 124
122% 123
139>al41ia 140% 142
142 142%
110^4 111
112%113
19% 19% 1914 19% 19% 19% 19% 19%
3
•39% 40 J4
38 58 40
39 4 40 ^
39
39
158% 160% 155 159 zl55%158% 157*4 168%
51i4 51*4
50
51
)0
52% 52
52
•115
•40
82
4034
82 34
81% 82
35
35%
'32
'05
*0l
61
153%
155
*120
60%
62ia
25% 26%
96 Hi
57
38
75
65
130
38% 38% 32
*80
80% 80=8
85
148% 164% 137%145
136% 138% 132 136%
122 122H:
122%l23
141 34l43
*41
43
•89 •a 92
26»« 20 34
23% 26%
46
82
55
61
90
65
194
80
96*4
153
55
55%
23%
92 «a
164
•65
60 %
130
62%
194
61
•85
•60
192
80
45 34 Denver
45*8
92 14 93
Do pref
48
48 DesMoine8<& Ft. Dodge.
21%
21% 22 Detroit South. vot. tr. ctfs
41% 41% 41
42
Do pref. vot. tr. ctfs.
390
90
90
90*. Detroit United
"19% 20*4 319% 19=8 Duluth So. Shore & Atl..
*31*4 32
31 14 31%
Do pref
39% 403g 38 34 40 \ tj^rie
68% 69
67% 69% I1D0 1st pref
64 34 55
54% 55 34
Do 2d pref
•61
01
61
01% Evaasv. & Terre Haute.
•85
•85
90
90
Do pref
•60
360
60
65 Ft. Worth&Den. C.stmp
196 195 •193 197 Great Northern, pref
83
85 Green Bay&W.,deb. ctf.A
92
47
68 34 69%
54*4
45 %
92 34
48 34
22
4534
41
44% 45
80
81%
80
34
81
33% 35%
120
46 14
92 "a
50
21% 22
21
»&6
62
147
44
80
81
42%
289% 89%
20% 20=8
21)%
393b
46 34
82
46%
41%
90
93
90 a4 90 34
20
20
31
331
45 34
92
•45
45
91 »4
42ia
21% 22 "a
40% 42*4
46 34
93
45 34
92 '4
47*4
1,950 204
•200
Lowest
100% Sep 2
118% Sep 10
99 Sep 19
72%J'ly21
;
St. L
Do pref
323
313
32
14
30%
32%
32
31%
trusi
30%
vot.
32 %
14
4
4
32
"siK's&i Colorado & So.,
•72% 73% •72 34 73
72% 73
•73
73*4
72% 73
73 %
Do 1st pf. vot. tr. cts.
73
49
49% 4H?,
49% 49*-, 48% 49%
Do 2d pf. vot. tr. ctls.
49% 49^ 47% 49 14 48
176 170% 173% 177
171%174% 172 177 34 176>-4 178
175 170
Delaware Hudson
271
275
270
270
273%
274%
276
208
271
elaw. Dack. & West'n.
270
104%
96% Sep
Santa Fe 323io85
104
191% 19234
199% 199 h 190 198 %
235 34 230 34 236% 230% '233% 237
'157
'190
Year (1901 j
Feb 20 4834 MaylO
Jan 9 77%Mayl5
20 33
136% Sep 13
Do pref
31% Chicago Great Western.. 19,220 22% Jan 25
310
90% May 5
Do 4 p. c. debentures
81%
400 S3 34 Jan 22
S7
.-8
Do 5 p. c. pref. "A"
46% 48%
2,000 43% J an 24
Do 4 p. c. pref. "B"
190 34 190% Chicago Milw. cfc St. Paul. 230,051 100% Jan 27
2,400 180 Jan 14
199 199
Do pref
88
48
Ha/nge tor Jreviout
Highest
138*s
*4
1902
100-share lots
of
Lowest
63
&
for Year
3o'"
91 %
31*..
91
Arbor
Ann
Do pret
Mange
On basis
Week
EXCHANGE
43
73
01
the
74*4 Jan 27
51.795 95% Jan 27
100% 1(12*
Do pref
126,060 101 Jaul4
105*., lU8 7g Baltimore cfc Ohio
-93
1,2011 92 % Sep 26
96
Do pref
64
05 34 Brooklyn Rapid Transit.. 42,720 00*8 Feb 14
110 Apr 4
Pittsb'g.
121% 120 BuSalo Roch. <fe
139 Apr 2
141
Do pret
83,600 112*4 Jan 28
136% 1383* I Aanailiau Pacific
s,
500 85 Sep 29
88 V Canada Sout hern
300 175 Sep 23
17r,
New
Jersey.
.
180 Central of
60,000 45 Feb20
50
53 Chesapeake <fc Ohio
11,000 33% J an 22
37
38*4 Chicago & Alton
2,400 73 Sep 29
74
74 34
Do pref
13434 Jan 21
214 216 Chicago & East'n Illinois
96
•9::
"s
Sales
STOCK
Railroads.
*41
•71
102%
107% 109 %
21%
10 %
19
54
103% 104
Thursday
STOCKS
NEW YORK
Apr 2 5
91% May 2
159%Aug20
1403& JaD29
134% J'ly 23
340
67
70
83
Jan 90 Deo
May Ul 34 J'na
May 145 Deo
174 Feb ' 150 May 177
43 Jan . 27 Jan 41
91 34 Mar22 79 % Jan 93
J'na
Not
Sep
31%Mar31
Jan 30 May
Apr 29 107% Mar 180 Not
Apr 19 07 34 Jan 111*4 J'ly
12734 Apr28 10134 Jan 124% Oct
82 Sep 8 15 May 30*4 Nov
139 Sep 12 49 Apr 94 34 Nov
3534 Sep 10 15 Jan 35% Apr
09 34 Sep 10 37 May 08% Apr
12 34
192
115
.
69 Jan 124% J'ne
122 Apr2: 370 J'ne ?82*4 Nov
15*4 Oct
21 34 Sep
c3=i Jan
45 38 Marlb
125% Sep 10
'-
168% Jan 2 1 39% Jan
57=8 Aug S 16 May
124% Jan 27 97 Mar
100 Aug 7 47 Mai
255 Apr28 3206% Feb
37=8 S*'l) 8 24 May
78% Sep 3 42 Jan
98 J'ly 23 82 Feb
81 % Sep 20 52 Feb
100 M. ii'26 89 Feb
84 34 Sep 8 63
170 Sep 4 137
47% Apr 9
85 % Sep 10
90% May 15
78% Sep 3
11
Apr23
Aug29
81% Sep
19
Sip
2
42
Sep
Sep
J'no
40% May
61% Not
92% Not
78 Dec
103% Deo
83
Nor
May 101% Apr
Sep
Nor
J'n*
D
IS
24 % Jan 58 IKO
65 May 82%T>ec
33 Jan 04 % Dec
97 Nov 11234 Nov
15*4 J'no
7 % J an
55 Oct 78% J'ne
17 Dec 30 J'ne
57 Jan 134 Dec
9014 Sep lu
125
24*4
57% Sep
120
95
217
14% Jan 50
33 34 Jan 94
72 Jan 86
57 Jan 81
88 Jan 113
93 Sep S
105% Sep 4
128 Mayl4
80% Sep
Jan
174% Not
141%Febl7
C,)UofA TIONS
Bid Ask
Banks
Bid Ask
625 075
Plaza!
205 220
America 1; ... 540 560
New Amster 650 700 Prod Exch' 160
Amer Exch.. 275 285 Columbian .. 350
Riverside!] .. MO
... Hew York Co 1506
000
Astor
750 1000 Commerce.
..
t340
Y Nat Ex. J 7 5 300 Seaboard
335
N
Bowery^
050
325
C'rnExnewl 440 450
New York... :j40 350 Second
German Am* 155 165
270
Broauway ... 335
Seventh. new 105 17*
East River.. 155
19th Ward!. loll
German Ex', 350
295
Butch'scfe Di L50
Shoe A. Leth. 175
170
Einp'eStateli
North Amer. 250 2<M)
Germania"] .. 000
108
Central
075
.Mate
190 200
Equitable ...
185
350
Northern
Greenwich
.Century
110
1-Jlii Ward',
175
Fidelity^
215
2l'(j""
oriental!
Hamilton'] .. 170
175
Chase ...
Ward!..
125
23d
700
Fifth A vol].. 4(100
240
Pacilic!
Hanover
035 S55
190
Chatham
United
130 140
340 360
Fifth
025
650
375 425
Park
Imo cfc Trad. 000 680
Chemical
UnitedState^ 350
1350
250
First (new).. 800
People's*]
Irving
235
.....
825
235
"
Citizens'
200
V'arick
200 220
135
14th Streetv. 200 300
125
Pjaeiux
Jefferson*]... 105
* Bid and asked prices; no .sales were made
New stoclc
on Cilia day. i i_iess man 10J suares. $ ej£ ri-jucs.
suite oauKs. it Ex dividend and rights.
1 Sale at Stock Exchange or at auction this week.
c Includes, prior to May 17, dealings in old Mex. Nat. trust reoeipts.
s Trust Co. certificates.
Banks
SEW rORK
Sid
Banks
Ask
Bid
City (new)... 305
Colonial 1| ... 385
.
Ask
310
240
Gallatin
425
Gansevoortlj 140
500
Garlield
Banks
Ask
Bid
Banks
Fourth
245
435
.
Bid
Leather Mfr. 200
Liberty
050
Lincoln
1000
Manhattan! 325
Market cfc Ful 200
Mechanics'
285
Mech <fc Trar 100
Mercantile
375
Meroh Exch. 105
Merchants'.. 185
Metfopnew 450
Mt Morris,,.. 225
Mutual!
300
Ask
280
Banks
Nassau*]
.
.
"1
1
11
!
.
|
.
;i
—
—
-
.
%
%
%
''
8
V
'
'
STOCKS—MiaB KS7 AND LOWEST SALE PRICES
Monday
Saturdan
3e.pt. 27
Sept.
74
35
73
34
2
71%
74 % 76%
37
96
'
38%
4
96
*90%
"48%
47
130
7D
88
*85
73%
69
73%
95
-90
96
l>1
70%
7
75% 76%
38% 39%
96
97%
200
240
65% 66
29
43
121
1%
5
l
5V
,
'8
5
36 34
91\
50% 50%
*36
*240
57
ll 3 ,
127,
11% 11",
39
38% 38% *38
22% 22 34
24 34 24 3
.
*50
56
31% 31 \
94% 95
-6
6%
*23
24
46 34
46
50
53
30
31
95
15
-»-.»
80
104
245
80
*130
22
219 %
123
33
84
81
135
22
220V
124%
33
84
*4%
1
37 %
3.7%
*188
1
%
90
96
132
100
127%
121
95
*90
95
95%
"1 i
>i
80
104
245
6%
95%
•
37
*87
238
88 V;
21% 22
79 '4 79%
*21% 22 4
•70% 72
69% 72%
*91
95
*6%
66 %
7
07
"a
*39
42
*14 34 15%
77% 77 a4
15
15%
21
36
52
36
52
12
12
56% 57%
•145
J
55
14% 14%
90
90
18
68
40
'
18 34
58
40 >v
89 7e
08 34
4
89%
67%
130
-240
14 3
20
'•.
225
230
307,
87% 89 V
250
07
67
132H zl29
250
230
'.
917,
933(
220
230
11
23
*50
31
31 34
V
De
pref
American Ice
Do pref
American Linseed
23
53
Do pref
31 34 American Locomotive.
100
101
101
'5% 127
§119 119
•90
95
American SnuU
217
*210
% Apr
71
J'ne
63% J'ne
35% J'ne
94% Nov
23% Jan 52% May
Maj 129% Jan
::
7
30
117
38
27
21
Do
*
1
11% 11 34
82
'130
pref
1
12
8
400
235
12
*4%
5
5
V
Distill. Co. of
37%
187%
37
184
1*5% 188%
Do
12
103%
68%
64 %
19
'39
22%
12
20
60
1,100
15
46%
28%
20 %
96
'5
tl77
12s
96
94
177
177 178
128 34 *124 127%
"42% 43%
43
17%J.;I1
15
Jan
Jan
J'lyl5
16
1
2
90
42
15
15
'76
16
56
38
14%
42
*70
80
15%
55%
L6%
57
42
38
Apr
loo
Jan 2
87% Jan 13
11 Sep 2 7
530
SOU
33,260
3, 500
lan 14
--ep 25
15% Jan 18
78 % Jan 10
16%
17%
56%
58%
58
58
40% 41%
89% 90%
68% 68%
67% 57%
Do
'.Mario
ICt
2
Har20
109% A pr
A pr 2
Sop
6
63% Oct
3
Oct
3
250
90
19
Sep
2
•.
p
1
9
'4
1 8
05
lal.2
Jan
vpr
\pr
iec
3s% Mai
90 Ma}
41% Apr
1
Deo
19%
I'Vb
05% Jan m. Apr
8%Apr20!
3%,Mai
8%J'nj
74%A],r2t 49% Mai
J'n|
ebl8 10 Jan 42 Apr
',
'pr 3
It
May] 9
42
07
55
vpt'JI
96% Sep
5j
Sep
^'.^
12
65
Apr
Apr
10 '..I'm
75 % Dec
8
6
on Apr
Jan 2 160
i.ug28 }63 Jan
5
11%
l>20
7% May 16% Maj
83% Aug
79% Jan 21 91% Sep 22
14 Jan 2
let
Jan
1
1 2 % )et
4
50%Jan
\lar24
64
47 Oct 85 Jan
I
1-5
1
'.,
:'.
1
1
ij:;.oo..
0-|
-
1
10
.I'll,
1
7
111
24
87%J'nel9 97% Jan 7 09
60 Jan 18 76%Apr2S 51
410 120%. Fan 17 134'bSep
116
\ug28 §130
100
86 Jan 24
66,835
7,350
.
Jfid
24
8
p lo
5(
n<
'
24% Sep
;
'
o;;-,.i
Apr'20
38% Sep
*0^
.ln<
175 Apr
109 .m<
30% May 49 '•..Not
120%., n<
30 -Mar 52 Jan
72
89 Apt
225 <ieG
1
s.p 3
MarlO
134
Oct
Apr
Maj
Jan
Mai
92
4
Deo
46
-ep 26
Oct 2
96
196
16
1
Jan
89
22
8
37
'
85 Apr
10%Mayl2 16% Sep
1,300
pref
10% 40 s
39% H' U nited States Steel
90 % 90%
89%
90%
Do pref
68
63% 67
68% Virginia-Carolina Chem..
*
129
130% 128 128
128 130 %
Do pref
245 *235 245 235 245
240 240
Weils. Pargo & Co
93% 93% 93% 93% 93% 01% 93%
est'n Union Tele'gph
218
219% 219% 219 219% 218 218% West'gh'seKlct M V- •
217 218 230 •219 230 §217 217
Do lstpref
40 '4
!-'.
Jan
72
7,400
2.500
1,050
29,660
0,015
United states Kxpreas...
14% United States Leather
90
Do prof
10
United States Rubber
,
3
1
160
:
Jan
35
'
1
149% 149% 148 14 9% *148
14% ll
14% 14 34
14
§90% 90 _V
90
89
is
18% io
18% 19
89
100
Mai
11
51
57%
1
DeO
Sep
Maj
a:)
7
23
65
47
700
289-4
18JaMay
Jan
'lar20
77% Jan
1
Cexas Pacific Land Trust
183% J an
J'ly24
Vug 1
I
>
1
14% 15% Union Has & Paper
Do pref
76% .<
5 % 15% U. S. Cast 1. Pipe & Foun.
Do piet
55%
15%
127% Out 152% Aug
.
1
38
J'ly
JJ
1
I
3% Mai 21% J an
:se,
4
38%
1;
',
J'ly
00 Apr
07 3j Sep
1
700
V] ational Biscuit.
i.~ Do
pref.
N..I lonal Lead
Do pref
30
Jan
044
Aug28 175
1
Pump
I
11
Mar24
My 31
Allgl9
7,200 oi»i%.riv.
40 Mayl7
92 May20
3,600 19 Jan !
1,400 72% Oct 2
2,010 55 J'ne 4
2,050
6% Jan 27
1,390 35 Si
.
Apr
Feb 104 78 J'ne
Mar 49% J'ne
Apr 90 .li"
03'
3% Deo 53 J'ne
7
fell
130%. Lin 13 L39%Jan
12
J'ne
J'ne
8
1
:
27
I
66
1
2
%Jan
30%
J'ly
J'ly
Dee 54% Apr
Jan 128 Apr
14%Apr23
8% Jan 14% -Mar
J'na
110% A|,r2
41 34 Jan
Apr
10 Mar26 110
Mai
5>- J'ne
Oct 1
1_ %Oot
Lpr25 187 Jan 238 Apr
126% J
% Jan 12 4 J'na
;22
11
77% Mar
Jan
88
26
73
sep 22
Jan 13
•
Manhattan Beach
28
05
179
4
Apr23
10
8,750
2,000
3.3 75
1,053
prof
Internal"! steam
Do pref
15
46
46%
Apr
1
45
104% *102% 105%
104
29% 30%
03
91%
*91
*10
95
95
•10
1
37
Jan 13 186
§130 Jan
A in., tr recta
nteniational Paper...
Do pref
[nti 'national Pou er.
International Silver
Do pref
*51%
9
10
20%
73% 73%
66% 07%
'16% 26
.'()'<
73'-.
52%
Do
2U%
72% 73%
20%
7
Mar
41'%
let
4% Feb
2
Jan
Oct
22% Dec 30
38% Oct 69
49% May 20
135%Mar3J
122 Aug26
Dec
5% Jan
100%J'ne23
Oct 2
Oct
Oct
Jan
<
J'ne
89% J'ly
35% J'ne
91% Jan
40 May
210 Nov
45 Nov
22% Aug 337e Nov
83%Od 91% Nov
135
101
35
35
Mar
Apr
31
5
UarlO §96
Iron... 108,250
A. Fuller Co...
•
Sep
29
8% Apr
Apr
Sep
Jan
Jan
62
100% Ajir 20
7%.Mav2C
1
pref., tr rects
Ell >1 I1C
I.ll
Jan 3
67
28 Apr 30
58 Marl 7
367e Apr29
J'ne 5
1
73
l%Sep
10
19
67
57% Apr28 24
99%Apr23 85
42%Mr.y 2 32
265 Aug28 §169
62%Aug21 39 34
13% Sep 26
43% Sep 26
31%Jan 2 25 34
1.02 3 (/95%.I'lyl4
16
400 210 Jan 4 253
l'UUbw. Dock<fe C.Inip't
86% (Colorado Fuel&
!
'"To
Diamond Match
37%
1
8% Apr 14
26%Aprl4
37% Oct 3
93% Oct 3
.".
1
'.»
12
83
*130
135
§240 Oct 2 §145 Jan §202 Dec
79 Feb 1 60% Dec 130 J'ne
I
1
16
-
13% 14%
19
67
23
54
100
52
"01%
150
88%
17%
56%
39%
88%
*56% 58
L29
11
38% 38%
(
43
42
150
:
41% 42%
' Do
135
pref
J.;
2 1':
23% 24% 22% 24 Col. <fc Hock. Coal & Iron
221 222
219%220'i 2 18% 220 Consolidated Gas (N. v.).
122%124% -122 124
123 123
Sonttoental Tobacco, prel
3.i% 34%
33% 33 '4
33% 34 Corn Products
83% 84
84
84% 84
84%
Do pro!
,
150
38 34
American Express
American Grass Twine
12% 12% Amer Hide & Leather..
260
56% 58
100
135
20
73
14% 14 3
75% 75V
14% 15%
55% 55%
16
56
*18
9
.
1
1
*36
13% 14V
87% 89
230
90
215
215
94
1;
76
55
*140
Oil
Do pref
39% American Dist. Telegraph
.v.-
,
14
130'.
9314
*218
*220
68% 69
95
*6% 7
63% 66%
91
39
54 34 Sep
134 Feb
15
Mar
76% J'ne
11
98% Apr 15
May 2 2 92%J'lylO
1
68% 08 34
75
5
U% Aiig21
1
20% 21%
14%
5
1
79
75
American Cotton
53
39
*250
2
23
*50
31
868%
16%
Vugl3
80 Sep
81% Sep 10
1,4.70 148
Air Brake
Marl 7
IS]-'. \'i w Voi
3,520
Jan 28
127% 127% North American Co., new
42
Mavl7
*42% H
>aoln\c .Mail.
os
Jan
15
%
104% 106% 104% 105% 103% 104%
eop. Gas-L.& c. (Chic.)
56
57% 58
39 Jan 14
59 %
60
i-i eased steel car..
01
10,310
91%
92
93%
Feb 4
94
Do pi
OOO 21 5 Jan 13
235 235
235
233 235
230
Pullman Company
5,200
2
37
spring..
Apr
16
36
36
36% 36% 36
35
37
1» all way Steel
l.OOIl
80 Apr
88% 88% *s7% 88% 88% 88% 88% ss'-. ^Do pre!
21%
ran 2
20% 21 34 21% 22
21% 22% Republic Iron & Steel ... 20,400
3. 7
88 Jan 16
70
79
78% 79 '4 70% 79% 70%
Do pref
3
•21
r.
22
2,700
22%
mi17%
20% 21 4
% 22% 22
Rubber Goods
*65
*68
*69
100
lv25
72
70
72
Do pref
5,100 29% Jan 3
62
07% 63% 63 34 '62
65
62
62 a O loss Shellield St. & Iron
91% 95 "90 95
200 80% Maj 19
93
93
01% 94< O Do pref
Jan li
"6% 7
2,000
r\\ Lne..
0% 7%
6% 6%
7% Standard Rope
01 %.lan 14
66% 68% 67
60
68»4 Iruu. !oal, loll & RR... 30,81
% 67%
69%
34% 35%
Xi.N %
88%
20% 21%
39
51
.
135
95
130
20 '4 20%
73
73
238
78
51%
•
1
:<7
51
1
.
240
1
Do pref
5% 5%
36% 37% American Car & Foundry
92% 93%
Do pref
5%
135
i
42
'49% 52
"91% 95
*8
12
80%J'ly30
6
90
1
*46% 47% 46% 46% 46
46
*103% 104 a 03% 104% '102% 104%
28% 30 >4 29% 81
29 a4 31%
91% 94
94
94
92 % 94V
176 180
•175 185
176% 170
122 125
*125 129
122% 130%
42% 13% 41% 42% 42 '4 42 '4
104% 105% 102% 104% 103% 104%
53%
55% 57
56 %
55
90% 91%
90% 91% 90
240
1
37 V
92 34
134% 135
4% 4%
36% 36% 86V3 36
186
183% 187
70
19
88
24% Mar
55% Mar
77 §198 J'lyll
51,050 61 Mar25
3,200
1 Oct 3
800
5 Sep 24
35.810 28% Apr 11
3,510 85% Jan 14
7,000 30% Jan 10
50 86 Feb 3
610 32% Jan 14
350 210 Jan 13
2,7,0 39% Jan 9
12,310
9% Sep 11
5,7oO 40% Sep 29
3,02
9% J'lyll
600 32 J'lylO
900 15 Jan 14
43 Jan 13
-lay 19
8,550
3,015 89 Jan 3
600
5 Jan 20
600 21 Jan 20
11.978 43%Apr22
2,205 94% Sep 24
1,250 40%. a 11 22
2,300 s 5 J an 1
48,650 110% Jan 6
136 1
Jan 2
Express
malgamated Copper...
1% American Bicycle
65%
132%
:,
19
35
Light
94% 94% 94% 94%
Do pref
6% 6% 6%
6% 6% American Malting
23% *23% 25
*23% 24
Do pref
47 '4
46% 47
46
46% Amer. Smelt'g & Kelin'
96
96
96
95% 96
Do pref
70% 82%
'J
4%
Jlv
!%Jan
!>;
Maj
41%. la
20 Maj
18 Jan
67% Jan
Highest
Mi-cell
Intlusti'ial 8c
56% 57
12% 12%
42%
11
11%
38% 38 7
53
23
47
*130 135
2
21
21
l
217 219 4 219 22]
121 124
122 %124
32 %
32
32 % 33
83'
84 4
83
83
SB's
<fc
Adams
250
65
42
31%
94% 95 %
135
'1
300
•
11
70
11
•50
31
15
80
103
235
79',
56'->Dec
J'Iy30
90
5
45,000 37% Jan
900 122 Jan
lit
36 Sep
14.500 18% Jan
6,100 35 Jan
1,655 107 Jan
125% 126% American Sugar Refining
121%
Do pref
05 American Tel'gh & Cable
167
Amer. Teleph. <fc Ten;;'...
J167
14% 14% •14% 15% *14% 15 American Woolen
*75
80
80
80
79%
Do pref
104 104% 103 108 *103 108 d Anaconda Copper
235% 235% 230 230
232 2 .2
Brooklyn Union (ias..
11
1
38 34
-00
78
'
11
132
100
12
35
182
1%
*5
*22% 24
47%
%
3,980
&
Lowest
21% Jar,
2
9
58 Jan 27
31 78 Jan 27
92 Jan 14
Range 'or Previous
Yeai(lDOl)
85%J'ly31
55% .Tan
82%.Fly
7o
May
..
189, 075
ItiO'i
Highest
Lowest
3,500
12,450
261,775
O. stock tr. ctfs ...
'Texas
Pacific
.1 lnril Avenue (N. Y.)...
131
'210
36%
91%
§258
*38
24
•78
103
235
&
Toledo Railways
37% 38
42%
11%
,
76% 80
130
41
252
57
13
127',
126%127%
119% 119% •119 121
20% 20%
73% 73 %
69
18
47
11
*14% 15
'78
102
*235
«ll
*38
252
57
6%
*6
61%
•20% 21
*73% 74
69
18
45
93%
23
46
95
130
*98
125
-
15 3j
H2
80
104
*235
*50
30
6'e
l
-
ll 1
22%
130 14
100
50
92
50
42
38 34
23 '4
53
31
94 V
23
45 >2
45%
36%
12%
6
•
1%
36
*91
42
23
133
*1
6
55%
38 34
93% 94
95
130
99
125% 128% 123
•
119
•119 121
"U2
*92
95
95%
"130
*99
IV
11%
41%
10%
40% 41%
10% 11%
41 % 43
Kir.Yi
2<1
Year
tor
01 lOU-share lots
<
91
50
98
40
250
47
398
"36
249 34
54
1st pref
pref
M.
46% 48%
240 §230 240
65% 66V
65% 65
7
91
7,300
Louis South western..
St.
5
92
130
131
37
200
35% 36
40
255
56 34
12 %
240
55
57
1%
47% 48%
37%
66%
*5
"90
92
130
*36
Week,
Shares
72%
Do pref
73% 75 34 Southern Pacific Co
38% 39-% Southern voting tr. ot fs.
Do pre!', vot. tr. ctis.
96% 06%
72
74% 75%
38% 39%
96% 90%
131
34
Range
On basis
the
Louis & San Fran
Do
Do
87
74%
LXXV.
,
240
65
5
72»<
St.
'
Sep 1
29 '8
29
29% 29% 29
29% Tol. St. L. & W. v. tr. ctfs
33 Sep 2 10% Feb 25% May
7„
43
43
43
41%
Do pref. vot. tr. ctfs.
44% 44%
15 49% Sep 2
28 May 39% May
§121 'a 123% 122 122
121 34 123 Twin City Rapid Transit.
20 129 Anf{25 65% Jan 109% Dec
Do pref
156% Aug 5 159% Feb 18 147 Apr 160 Nov
106% 107% 105 78 106% 102% 106 Union Pacific
343,995 98% Feb 28 113% Ang26 76 Maj 133 May
91% 91% 91%
90% 91
Do pref.
2,800 86% Mar 6 95 Aug29 81 % Jan 99%Mav
91
33% 35% Wabash.
22,750 21 34 Jan 14 38% Sep 10 11% Jan 26 J'ne
34% 35% 34% do
50=8 51%
49
51
Do 1pref
45,950 41% Jan 13 54% Sep 10 2S 34 Jan 46%J'ne
60% 51 3
2S% 28% 28% 28% 26% 28% Wheeling & Lake Erie...
8,070 17 Jan 27 30% Sep 9 ll%Jau 22 J'ne
61"
•61
62
61
Do 1st pref
60% 60%
1,120 49% Jan 2 7 66 Apr 2 9 45 May 60% TUar
39 34 39 34 *39
800 28 Jan 14 42% Sep 10 24 May 38 Mar
40
39
40
Do 2<l pref
28 '4 28%
28
28% 28
28% Wisconsin Cent. v. tr. cfs. 11,700 19%Jau3o 31 Aug20 14% Jan 26 J'ne
3
53
Do pref. vot. tr. ctfs. 6,200 39 % Jan 24 57%Aug29 38% Jan 49% Apr
53% 53% 53% 53% 53
29
44
123
200
34% 36
89% 91%
48% 50
•36
40
260
12%
240
34 34
92
•
63% 65%
1% 1%
5
',
'129
1
•210
1
*83
74
34
70
86
34
72
47% 48%
47*4
130
106% 107 34 102% 106% 104% 107
91
91 %
yo 34 91%
91% 92
34',
34 1« 34^
33
33% 34%
51
49% 51 % 48 49'8 49
27
27% 23% 26% 28
28%
60 '4
61% 61% 60
60
61
38
38
40% 40A,
39 4 39 34
27
28
28% 27% 28%
28'f
53
53% 51% 52% 52
53%
36
*90
1
[Vol.
Sales ol
EXCHANGE
78% 79
74% 74 34
*91
46%
43
123
*83
86
STOCKS
NEW YORK STOCK
Friday
Oct. 3
78% 79%
79%
75 a4
96
128
129
Thursday
Oct. 2
1
74% 74
34
34%
30% 38%
45% 47%
41
123
,
79
*83
Oct.
33% 34
$36%
28% 29
36
29
44 s8 45 s
123 125
77% 78%
72
71%
71% 75
36
37%
95
90 %
Wednesday
"83
33
129
131
36
29
S.
72% 74%
33
68
Tuesday
30
Sept.
2.9
78
80 H
88
74*8
3
.
Stock Record— Concluded— Page 2
716
80
*85
.
.
I
J'lylO 07%
23,993 84
1,668 169% Jan 15 233 Sep
50 180 Jan 8 234 Apr 9 157
,
1
1
Apr
'>'•
Ma; 101% Apr
Jiy 72 .Mat
Apr 12,5 All*
Jan
Dec
100% May
No\ L80 Dec
N
11,0
11
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Mid
Banks
BROOKLYN
Ask 5th Avenue^ 105
IJ.IllliS
.
NEW YORK
Bid
CITY
Wa8ningt'n1 200
Wash. II hts 200
West Sidel,.. 590
000
Western
Yorkville' .. 240
BROOKLY.N
'"'">
Bcdloi'iV
BoroughH
Broadway!
Brooklyn'^
8th Ward'
..
..
..
100
250
Bid and asked
1
Sale
1
360
Manufactrs'. 340
'
'.1
i.niicslj
.
erchants'..
2
1
limn!
140
N. Y. CITY
Atlantic Tr.. 275
Howl'
220
BroadwayTr. 170
1
10
C'IR'tJ
'I
\i
Ask
160
Wallaboiu.'i . 105
'Irusl Cow.
Nassau
350
200
Nat City
North Side!. l.SO
".lie's'
200
17th Ward!. L30
200
;ue
26th
Mid
IS:inlc%
BROOKLYN
First
'
130
75
*
;it
«.
Ask
,1)0
i
City
Tr'sl
'['rust.
..
'
!on1
mental
.
,"A
660
Ai
Fifth
11
177%
810
1
1
1
I
no sales <(n this day.
Trust
640
725
\
1
I'rusi
1
y
1.
tai
ream
lie ..
110
425
1
1
BROOKLYN
Brooklyn Tr 160
Flatbnsh
175
2 75
Franklin
125
Hamilton
Am. 300
LI
I
!
\lli
A
340
220
's
'
I
I'nit Slates
,;i
i
Nassau
llll.il
U S
;
1.**
llo
295
110
{
400
0)
I
100
erchants'.
Trust Uo'a
an N'denTi
\
l'i
Nmlb
5
275
500
Ask
.,,
1
Standi
n -i.in Tr..
-ie\ 'ck'rRtj
\i
Bid
600
1000
X YS.e.l
670
760
2
r
t'o's
m ui .Alliance
tl 190
Less than loo shares, t Hx ritrhts, <( Beginning
stock Exchange or at auction this week, u Ds stock dividend, s Trust Co. certificates,
prices;
A sk
215
H ineu
tnhat
385
685
I
luaran
1
220
1020
385
i.il
135
Trust t'o's Bid
Eastern Tr.. 212
200
Empire
Equitable Tr
L725
quoti
Banks marked with a p
230
VVilliai
11
37
dollars per sh
ffe
Stato banks.
Ss
J
New York
1
'
!
Exchange— Bond
Stock
OCCUPY
BOADS
Inday
H t'ek's
Jianf/e or
October 3
Last Sate
iVtcs
SMSTOCK lXCIIANTtE
N.
VVkkk EKU MO OCTOBBB 3
Z>'iu
S
I. S. Government
2a consul re{Ji£iered.<il9SO Q J
, consul
upon
d 1930 y-J
2a cousol reg small. .«U'3o y-J
2a consol ooupauiall.d 1930 tJ-J
''
os registered
<4-V
3s coupon.
3a reg small uouda.-fcl918
;>s oou small bonds.. fcl91ts
hldOi
4s registered
S
4-s
S
tr
i
V
S
V
V
V
U
V
V
V
s
S
S
s
s
V
IliyOt
oouuon
I'-
4s tull[uiu
S 5s registered
TJ s 5s coupon
V
3 liest
Mexico
of
s
t^-
I
1..
g OS
1899
ot
J
l
-i
1
,
m-F
M-S
U.-J
J
108
95
n;:'i
</ie
oasis
oi
>a
lour
Feb '02
marks
B8 34Ang'02
Uese
are pr
ices o
I
1900
lyoo
1900
1920
1924
J-J
J-J
J-J
Louisiana uew consol 4s. -1014
Small
1894-1995
Missouri lunmiig
North Carolina consol 4a. 1910
iaiu
os
19a
So Carolina 44s 20-40
Teiiu Uew settlement 3s. .1915
J-J
4 to 5
Class U 4s
Currency tumiiug 4s
Dist Di Columbia 3"65s
1094
107 34 1124
16 108 34 113
139 4
L32
L39 3<
104
o /c do ttar.
90
Smah
Browu bios
to
a.
102
4102 4
ill
111
106
107
J -J
Jan
104
A-U
136 1aJ ly 0]
120 Mar'oo
95 78 Sep'02
95 Aug'02
90 a4 Sep '02
Hj
,
J-J
J
J-J
9GH>.
15
ctts.
HHj
Sale
'02
104 4
104
,
95 4 96 5s
95
94
95 14 99 34
15 3 8 904
1588
Itailroad
Alabama Cent nee So Ry
nee sav Fla <t \\
>a Midi
Albany A susy. bee Del& Hutl
.st't:Feuii nit
Valley
Aile-aciiy
Alh- & West Usee Bun Kdct
Ami'ockdclm if e Oeul oi A'
/il995 Q-J
Ann Arbor 1st g 4s
Atcn
99 Sale
101 34 Sale
listc gen g 4s. ..1995
A-O
1995 A-O
Begistered
Aujustiueul g 4s
Begistered
/i
1.055
.\
96
o\
/i!995
98"4
101 34
5 95 s8
99*2
104 '4 401 101 34
1 14 >a Sep '02
102
'.'5 4
90 j 65 92
'02
94 "a Apr
93 4
93
94 >s 24 91»4
:i
.
/(.1995 A' ox
Stamped
Chic & at Liouis 1st 03..1915
All Kuux <t -Nui lsl g ,js._194o
Atlanta d; Dauv Het .South By
Atlanta A 1'adk ,bt« suutli It)
t>ee Sou Pucihc
Austin ifc W
Creek & S nee Mich cent
Bat
alt dc Ohio prior lg3 48.1925
Begistered
/U925
It 1045
Gold 4s
/il94s
Begistered
loii
Conv deb 4s
mi
1st
J
&
M
Div
3
4sl925
P
g
Begistered
j>1925
PLfcn Va 8ys ref 4sl941
South w Div 1st g 3 4s. -.1925
Begistered
/il925
Mouoii Itiv 1st gu g 5s. .1919
Cen Ohio B 1st eg44s..looo
Beecli Uiu-t bee X V c A U
Belle v it Car .See Illinois Cent
M-N
l
100
105 34
105 14
97
94 34
954,
,rfl-S
JO
J-J
94
93^8
Sale
A-U
10i 34 San
y-J
M-S
M-N
Ill
90
salt-
Al-N
98
98
89 5a
J-J
y-J
Sale
F-A
107
.VI-
B
1st
gu
Ad
t ct -\
c
<t
.
116
Apr'
May'02
Aug'02
128
1304
129 4
A-O
A-O
100
Nov'99
J -J
104 4 Sale
125
103 J'ne'02
104
,-4 104's
1 24 s J'ly 112
117'4.
1
JlJ
A-O
A-O
A-O
.
'
....
....
120
>4
105i 8
102 103
103 4 100^
124U 120 '4
124"'8l24 34
24\Feb'02
Jan'O"
18
105
107
107
.
125 34
:)
1
l
g fs
nee A 1
nee B c
103
8 )
oo^J'ly'o.
114 4 J'ne'O'.
U4I4 H4I4
10S Sep '02
108 108
'
103
130
127
102
1221s
<»2d 5a
it
97 101
91 8
89
90 14 9014
1194
Clanaila Soutu 1st 5s
Carthaj;f
Ced it la
89 3
117
1927 J-U
loos J-J
1913 VIRegistered
1913 VICarb a Shawn nee in Ceut
Carolina Cent 6'«4Seab& lioan
St
90
lo
98
l
116 34ll7-\ 117
A Pitts 1st g 6s. ..1021 FA
192 J-D
g Os
Butialo A Southwest .see line
A
104
118
93 k
102
104
y.*
Cousol 1st
11
1014105
90^
90
Bocli
1
934 97k
964 97
94 1,
97 Apr'02
104 14
101»a
104 Sep '02
110
111
y-J
.VI
.to Susqu 1st g 5s.. 1913
Begistered
1913
1st refunding g 4s
e£195l
Bur Cedar K a No 1st 5s. 1900
Con 1st & col trustg 5s. .1934
Begistered
1934
C R F«6 >, W latguos.1921
4
1054
'a
Sep '02
Aug'Ol
118
118
104 8 107
107 4111
;)
4
H
K& A
Cen Branch U PlStg4s...l94S
Ceu Branch By tMMt l*ac
.bee Haiti & Ohio
B B ct B oltj a col g 5s 193
Cent ol tia UK 1st g 5s. .2^194
J-L>
*92i-2
iVI-N
107
9512
93
95
J'ne'02
Central Ohio
Con
Begistered
Consul gold 5s
itered
1st prel income g 5s
2d pret uicojie g oa
F-A
pl94o F-A
Registered
109
J-J
/il9s7 U.-J
110
27 4 284
* LJ0^....
J-D
M-N
22 13
"79" "so'
39 »8 40
j>1945 Oct
|jlU45 Oct
j)194C Oct
J-J
J-J
J-J
109
1
194" .U-1M
194_ M-N
3d pret income £ £>a
Chatt oiv purmou g 4s. 1951
Mac & Nor Inv 1st g os.1940
Mid Li a dc AU Uiv 5s
194
Mobile Div 1st g 5s
1940
Centoi .N'J lsi cousol 7s. .1902
General gold 5s
1987
.115
Sale' 120
ioo
Sale
i'ii' •1
'
1124
1084....
113
109
122
1084
122
1064109 34
1194123
110
48 106 41134
J'ly'OI
105 4 Sep '01
80 34
83 4
3» 4
40
28
28
92 Aug'02
108 I*Sep'02
102 J'ne'99
112 4 Apr'02
&D
Exten 1st 7s
LaCrosse & D 1st 5s
Mineral Point Div 5s
So Minn Div 1st Os
Southwest Div 1st 6s
Wis & Minn Div gos
1
Mil& No IstM B
6s
1st cousol Os
N 4s
Ft
D
17
13
894
32 4 444
31
184
91 34 93%
76
IO8I4IO8I4
106 1124
101>4l03l8
132 141
lOl^Mav'Oi'
135 4 134
134
130 34 J'ly '02
131
IHlSCEl.l.AiNEODS
13914
High
115
i
I
105 " ioo"
102
105
1
p '02
120
nn»
-5
i
98 4.
1
'02
1114
114
lU2 38
104=8<J'ly'^'-
108
98
Sale
:i
8
Aug'02
108
10e
1
4 1044
N14 88
02
si
80
3
83's 83 4
102=4 IOOI4
:,
...
105 4
00
lot
83 34 Apr'02
103 8Sep '02
104 34 Apr'Oi
li»,'4Aug'U2
99 4
994
4
"1614
1084 110
814
1
115
2
...
Apr '99
Sep
85
1
114 117
119 41234
102=8 J'ly '02
Sale
103^8
100 4103
4
984103 4
114 '4 llOU
104 = 8 106
21 107=4 Hi's
1094Aug'0l
984
100
Mar'02
99=4 100
1114 108
'02
'02
1074110
1164 122
Sep
10 r8Sep
114 J4
1
lll 34.
1114
123 4
i 122i
4
-123
1114
!
!30 7B .My'o:
1 23 4 Sep 'o'_
.
124 34 Mar'02
114
111
ION 4 139
122 4 120
1234125
'02
'02
'02
'02
114
182 4190
112 115
IIOI4H7
104=4
132
I18'fe 124 4
llsiiSep
4
107
191
115
4
sale
109
Sale
U5
11714 119
II4I4HS
1164l21 34
.
102
.
IOU4.
.
115 3
„
IO6 3
.
.
'02
11214 115=4
27 120=8 124
107% 1104
i
1
10
1104 1214
Mar'02
120 4 Aug'02
135!4Sep 'o:
115
120
135
4
102
102
101 ys J'ne'O
107 4 Aug'02
107 Mar'oo
lO04J'ue'O2
103 Nov'Ob
115 4 J'ly '02
111 Oct '00
109 Aug'02
107 3sMay'ol
108 Sep '02
108 Oct, '01
1154J'ue'01
114 Oct '01
101
14
115
iof" ib'94
114
14 Apr'02
100% J'ly '02
99 78 J'ne'02
99 4 J'ly '02
106
99% J'ne'02
994 May'02
91 14 J'ly '02
97 Dec'00
11
.
04 Apr '02
1384 Salt 1384
*
1384
13si4
137 4 Sep '02
129 Sep '02
138 14
137
'1254
138^
90
1174
1214124""
109 41094
11641194
133=8 137 34
125 1284
14214
1
.
118
1084110
May'01
113 Jan '01
109 4 Mar'02
110^ Aug'Ol
1164J'ne'02
13378 J'ly '02
125 Au^'02
135=8...
142 -Feb'02
135" S ...
139 34 Jan'02
*103
107 4 Feb '01
114i4ll678 114i4Sep'02
128i4 Sep'02
127 129
*127 129 1284 Aug'02
109 Sale 108 34 109 3„
.
I2314
141
104 34
10641064
...
11
117
IOU4 104
197 1074
*100 34 ...
*106 ...
*L104...
"1344...
123 4...
*974.
90
*964
117 4
113=4 115
11/
123
1st 4s
1084 1094
114
1234 J'ne'02
'1054
82 4 191
110 119
1
U7=8 Aug'02
.
120 4.
135
41204
120
124 4 Apr'02
14 14 Aug'02
113 Sep 'o
137 4 J iy'9
121 34 122
107 36 Aug'02
191
191
116
116
109
109
115 Sep '02
115 Mar'02
1214122
1044
1204Mar'0i
1
U2 334
117
113=8 115
105 4 i< cu 'tit
104 34 Jan '02
11 8 4 119
1324
126
113
Sep
Mas
Sep
.91
1 12!4 Aug'02
113 Sep '02
117
115
.
4
124=4 124 4
1234
1234
1314 Sep
131
118
*111 58.
4s
Extension 4s
BONUS—Continued
S(
101 '4
.
bl
1st 2
lo
January Z
\v
May'02
121 J
1U5 4
1061-4
103 Api 'OI
113 4
113 ^
104 4 103 Sep'Oi
Id;
S>24
1910
1913
1915
1902
1910
1905
1905
1905
Keok& DesM 1st 5s
1923
Chic & St B .See Atch T & Sa Fe
Chic St L & N O nee 111 Cent
Chic St L & Pitts .See Penn Co
Chic St P M & O con 6s. ..1930
ChStP& Minn IstgOs 1918
Nor Wisconsin 1st 6s. ..1930
St P & S City 1st g 6s... 1919
Chicago Ter Trans g 4s. ..1947
DesM &
since
994 J'ly '02
1064
1921
Chic & Northw cons 7s
Gold 7s
190'.
Registered
Extension 4s
1»S6-1920
Registered
lsso-1920
General gold 34s
19S7
Registered
pl9»7
Sinking iuud 6s. ..1879-1929
Registered
1879-1929
Sinking lund 5s. ..1879-1929
Registered
1879-1929
Debenture 5s
1909
Registered
1 909
Debenture 5s
1921
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
Des Mo <fc Minn 1st 7s. .190
Milw& Madison 1st 6s. .1905
North Illinois 1st 5s
1910
Ott C F & St Paul 1st 5s 1909
Winona ct St Pet 2d 7s.. 190
Mil L S <fe West 1st g Os 1921
Ext & Imp sfuud g 5s 1929
Ashland Div 1st g Os.,1925
Mich Div IstgOs
1924
Convertible deb 5s
1907
Incomes
1911
Chic Rock Isl & Pac 6s. ..1917
Registered
1917
General gold 4s
1988
Registered
1988
CoU trust Series C 4s ...1905
H4s
1910
M4s
1915
"
l
.
&
1910
1910
190S
1919
1910
1910
190
Mar'u:
102
112
114
120
1949
1949
Registered
Iowa Div sink fund 5s. .1919
1919
Sinking turn! 4s
Nebraska Extension 4s. 192
1927
Registered
1921
Southwestern Div 4s
Joint bonds iiee Great North
191
Debenture 5s
DDivlst7s
Jiuji'
102
Sale
iii"
Div 34s
193
Registered
Clue & Ind C Ry 1st 5s. 1930
Chicago <fe Erie nee Erie
Chic lnifc Bouisv ret Os.,.1947
1947
Refunding gold5s
BouiSV N A <k Ch 1st 6s. 1910
Cuic Mil <fc St Paul con 7s 1905
1914
Terminal gold 5s
General g 4s series A..el989
Registered
el9S9
General g 3 4s series B.?1989
el9S9
Registered
1921
CI11C& BSuDivgos
Chic <fc Mo Riv Div 5s. ..1920
1910
Chic & Pac Div 6s
lstg5s
1921
Chicdi p
1910
Dak<fc Gt SOg5s
1924
Far & Sou assu g 6s
Lou
ige
s^
as
'125
1st lien 3 4s.. .1951)
Han St J os cousol 6s. .1911
Clnccfc K 111 1st s 1 cur 6s. 1907
1934
1st cousol g 6s
1937
General cousol 1st 5s
:
113"8 Aug'U2
102
195U
Registered
Chic Bur & Q cousol 7s. ..190"
1905
Chic<& Iowa Div 5s
1922
Denver Div 4s
Hast<fc
1st 5s
Bklyn A Moutauk bee Bong 1
Bruus ct West net sav it A; vv
Bunalo A' V A; Erie bee Erie
-s
Butlalo B & P geu g 5s... 193V
All A West l^t g 4s gu. ,199s A-C
CIA Mali 1st gu g5s
194 J-J
Bullalo
Hallway
.
or
Last sate
ASi<
1939
1992
1992
Begistered
1940
5s
VaUey
1st
Craig
g
R & A Div 1st con g4s.:1989
19S9
2d consol g4s
Warm Spr Val 1st g 5s.. 1941
Greenbrier By 1st gug Is '40
Chic <te Alt KB s fund 6S..1903
1949
Refunding g 3s
I
Range
'113'4
W
108 >4 Dec '01
i"ii"
W
W
—
Cent Pacific .See So Pacitic Co
1936
Sav 1st g 7s
Charles
dies 6d Ohio g 6s ser A..A1908
alOll
Gold 6s
1930
1st consol g 5s
Begistered
General gold 4 4s
I!
day
1
Octal
Imp gu 5s.. 1921
Le it Hud B gengugoa 1920
Deh& Wilks B Coal 5s..liil2
</191ti
Con ext guar 44s
N Y& Long Br gen g -Is 1941
&
1
Hill
1
J-J
J
1
Am Dock&
Illinois
luysit'eu'sw
Virginia luuu uebt - -3b— .1991 J-J
J-J
Regis tered
Gsdelerreil
0)
loo
$-~>
104 38 107
102H2Mar'02
11 1
Mar'02
120 Oct '01
106 34 Aug'02
123
954
9i 34
to
104*8 Sep '02
FA
1004
1064
10514
109 l4Oct '00
J-J
109 sa
1091*
105 34 110
107
107
2J
State Securities
Alabama class A
Claaa Boa
l'nce
n. y.
10978
4
lue o asis
ii
BONUS
ange
108 3
'02
107 J'ne'Ui:
ib*7 3i ibs'i 106',gAug'02
HO-'j lll'-J lo7 Jj Sep '02
UO'i Sale no 34 no130 J4 13i a4 137 Sep '02
loO'-i 137 34 139 s4 Apr'02
105 >4 10o>4 105 '4 Sep '0'.
105>4 106 >4 105 >s 1051-2
--:
are prict s on
Sep
1
1904
1904
Foreign Koyerninent
Frankiort-on-Mani 3 4s ser
S
1
I02.>
D B
V
07 'i 108
hit
10S X06\ oS
Weekly and Yearly
IVMJKS
stock exchange
January 1
Week Ekdinh October 3
Low High Central ot A J —(Cvuiuiianj
Jlty/*
1
'•
5 4s registered
Low
Record, Friday,
KOI! 14
N<;
since
lOO^UO'-i 108 34 Ang'02
109 Ha UO'i LU7 34J'ly'02
—
-
^is/.
l:
I
4
.
894 Sep
'02
1424
1394139=4
11041104
128
132
12/ 38 131
-13
10541134
109
1
112
00^ 10038
994 994
99=8 994
9914 99%
98
99 4
91 14 911*
1094 1104
1374142
13Si4l413g
137 4 140
127=8 13008
86
90«4i
on Next 1'age.
Street Railway
Street ltaihvay
Brooklyn Bap Tr g 5s
1945 A-O *10441054 1074 108
107 IIOI4 Met St Ry—( Con; Ref g 4s2002
984 99
97
984 Sep '02
Atl Av Bklyn uupg 5s.. 1934 J-J
12141244
Col<fe9thAvlstgu g 5s. 1993
122 4J'ne'02
110 Jan '99
11241*1*4"
Bk City 1st con 5s. 1916, 1941 J-J
120*4 12 4
LexAvcVi P Fist gug 5s 1993
12314 J'ly '02
114 May'02
Bku.C0<fc Scou tiiig os.1941 Afl-N
9SI4 Sale
Third Ave RR con gu 4s 2000
100 1004
984 54 97 lOl^a
974
103 Sep 02
Bklyn Un Kl 1st g 4-58.1950 F-A 102 Sale 1014 102
127
123
IOOI4
105
Third
'02
Ave
Ry
125
J'ly
2
1st g 5s. .1937
1244
Km^sCoKt 1st g 4s
1949 F-A
101 103
Met
10!
Aug'02
S El vChic) 1st g 4s. 1 938
83
36=4 13 86 4 93
804
Nassau Klee mi g 4s
1951 J .]
106 Oct '99
81
109
City .t S By Bait 1st g 5s. 1922 J-D
110 110
110 J'ne'02
110
I'uiiii Ky<fcBlst<fcrel-g44s'51 J-J
1
14 4 Nov'Ol
98
98
98 Apr'02
Den Con Tr Co 1st g 5s. ..193: A-O
Guaranteed gold 5s
1937
95 J'ne'00
Den Tram Co oou g6s..l9l0 J-J
Union El (Chic) 1st g 5s. .1945
109 4 Dec '99
Met Ry Co 1st gu g6s..l911 J-J
Chic St40-yrlst cur 5s. 1928
D«t Cit St By 1st con g 5a. 190c 1-J
99 Deo'97
40-year
consol
gold
.1930
103 Nov'Ol
5s..
Gr Rapids By 1st g5s...al91b J-D
Louis Ky Co lstcon g 5s. .1930
(<as and Electric Light
J
109
Mar'98
Market St C ity 1st g Os.,191:. J-J
Atlanta G L Co 1st g 5s. ..1947
Met »l Ky fren col tr g 5s. 1997 F-A 118 119 119™ s"ep"'02
91% Oct '98
Bos U Gas tr ctfs s f g 5s. 1939
119 122
H8I4
Bway&7thAvlstcg5s 1943JJ-D 1174
IISI4
117 1204
11741194 Bklyn U Gas 1st con g 5s. 1945
1174.
U8 3eSep'02
•No price Friday; latest price this week. aDueJan d Due Apr e Due May
Due J'ne ftDueJ'ly & Due Aug p Dae Not qD\io Dec sOption sale
W
1
W
.1
-
(/
b
3
Bond Kecord— Continued— Page
718
BONUS
STOCK EXCHANGE
Week Endino October 3
N. Y.
Price
WeeK's
Range
Friday
Range or
Since
October
3
Last Sale
as so
Chic & West Ind gen g 6s q\ 932
Chic* West Mich Ry5s..l921
Choc Ok & G pen g5s ...01919
Cin H & D consol s f 7s. ..1905
2d gold 4bs
1937
Cin
I 1st gu g 5s. ..1941
D&
& C See C C C & St L
Cin S & C Sf f C C C St L
Clearfield & Man See B R & P
Cleveland Cin Chic & St Louis
I St
Q-M
J-D
107 b...
108
J-J
113
U4\
115
W&
WW
1st gold 4s
J-D 101b Sale 101b
Oct '00
J My '02
103
M-N
M-N
M-S
S&
CCC*
WW
Conn
Dak &
& Term
See
Sep
ib"334 10314
J-J
M-N
102 b.
Q-F
J-D
J-D
J-J
J-J
A-0
Q-J
A-O
Apr
A-O
J-J
Q-J
102^4
114%.
J-J
:
128
13
101b
115b
104 s8
102 102
100 10334
102 b 10434
'02
IO314
May'99
W&
Nov'99
Aug'02
Han
ousatonic
102 34 106
98
SO
98
77b
, Sale
113b
12334
1001.
.
81
139
7 69
98
72
128
127bl28
J'ne'O!
92
M-S
11
W
.
82b
SC,34
91
97
FA
MS
.
138
135 a4 J'ne'02
133
b 137
Det
M & Tol
Det& Mack
See
LSAM So
100
1st lieu g 4s. 1995
Gold 4s
1995
85
Det Sou 1st g 4s
L951
Ohio Sou Div 1st g 4s... 19
Dulcfe Iron Range 1st 5s.. 1937
1
s7
95
i
141
Bellev&Car
J'ne'02
114b May'02
11414
105b
117%
143
149
113
122
109
143
144
Aug'02
113
11534
J'ne'99
J'ne'02
10834
li>9
102
J'ne'02
Aug'Ol
lll%Feb'02
% 111*.
147bl51b
147b 147b
1
147bJ'ne'02
147bJ'ne'02
102
101
111
Feb'Ol
104b
110b 112
109 34 Aug'O'.
Aug'02
i
54 101
110bMay'02
89
:
109
ii::'4
84b
91
102 J'ly'02
93 b Aug'02
86 Sep '02
94 Sep '02
114 J'iy'02
MS
,
Butt
Bull
N Y<fe Erie 1st 7s.. 9 16
* S W gold 6s
1908
1
Sep
101 102
92 b 95
84 Uj
115
.
114
118
>•
112% 115
111
i
12
\
L37
116bApr'02
l9bS( p
109b Jan '02
139'.
135
99
98
86% Sale
92
92
133
J-D
Sep '02
Sep '02
100
1
10914
137
142
136 139
98 14 102
b J'ly '02
98b 98
86% 141 85b 90
85b
\'n:
99*< Sale
92 14
Jan
'02
1
:
NY*
W
.
87 b 92 b
102
112
'02
109b 112
515
96
1""'4
112
95
108'
107i< 112
Aug'O'.
10534 106
37
6
96
133
123b
12534
4
10fi
121
118b 118b
114%U8
115bH8
Erie<S
107'..
110b
116
lll>b
See 1. <fe N
See C R I
See so Ry
&
Lsl
\\
112b 11 5b
121b 126b
108b 112
112
112
.
114
116
MISCELLANEOUS
1045«106 34
ids"
Oct '01
105
104% May'02
103 b 106
104 6s 104%
98 34 Sep '02
98 34 10 Lb
102
105
Sale
.
I'll
Leli
V Ter
coll
b li4 34
L27i4l31
104% Apr '02
104% 104%
106 34 J'ly'02
106 34 106 34
"
Mar'02
ioi " ioi'b
108
Sep '02
105% 109
in-.'',
Mar'02
100
idi
107 b.
1
<
"
>T
101
1
99
120' 4 sip >02
2i'v'.,
mi
101
Sep '02
Ang'02
1
7s
118 b.
96
1
.
1 8b
9bb Aug'02
lis'.,
102»4
127
121b
98b
l<>3
75
1" 116
119>,
95
97
72
63 '4 Oct '00
70
74
Sep '02
Sep '112
Sep '02
116
*104b
69 b 70
70
P
120
1
is',
1
1
2
'-j
108
I
L09
g4bs. 194(1
'-'U
1940
gu
g
21
Is',
120'.,
.
1
.
1
.
115
.
110bFeb'02
111
11"
Sep '02
109
in:.'
j'ne'02
109 b 109b
114
5s I'.'H
1
18% J
i-eiii
let '99
3ep '02
1911
Resristered
Leh v Coal
111
118b
L12bll5%
110b
1997
Ity Lsl
109
gu g 5s. 1932
L933
Leh a- n v 1st guar ff4s.. 1945
Registered
L945
El C & N 1st gist pf 68.1914
Gold sniar 5s
1914
Leh * Hud I! .See 'cut ol N J
i.ch & Wilkesb S««Cen1 ofNJ
Leroy & Caney Val See Mo P
1
98b 1 01
May'01
Nov'98
124
127 '4 Aug'02
124 Sep '01
103
10
Nov'00
90
North Ohio 1st gugas..l945
Sho<ft Mich s See N V Cent
\'.il
05%
87 b 87 b
98 3
98b
101bOct'99
123
1941
Registered 5s
Leh Val N Y 1st
Registered
116
123" May
100
5s. .1937
e
!o lsl
.
Registered
Ii
General gold 4s
Ferrv gold 4bs
Gold 4s
96b.
J'ly '02
97
101b Sep
193]
1938
104
1922
1932
99% 101b
1949
Unified gold 4s
Debenture gold 5s
1934
Bklyn * Mont 1st g6s.. 191
1st 5s
1911
N Y B * M B 1 st con g 5s 1935
106
112
lls\12".b
108b
97" "97"
!
'99
107
119
<-<-!
101
194(1
1931
J
903-1918
Uii.VDs
(
o,,in,i,ed
6s
111"
net
Sep '02
Jan '02
"'i
••.J'ne'01
112
Mar'02
:
Sep
J'ne'02
1
16
US',
1
1930
'"2
101b
Jan '02
Sep '02
100 a4
Dec '00
May'02
Jan 98
G
LOS
127b
122b
'02
120
1
103
104
99
111
103
111
12
118
'II"
116
106
. .
srold
103
101
111
LOO
16
»8»4 Sale
I
NO*M2d
1013, 104 b
101
1940
1
121b 122
Sep '02
May'O'
\pr'"2
1937
1907
cm Branch 7s
E H & Nash 1st g 6s. ...1919
srold
Lex
1 93
4 bs.
L Cin *
N & M LSI gold 6s.... 1930
(
Mar'02
112b Jan
1927
B B 1st g5s
NorShBlstcongguSsi
i.oi.isv & Nashv gen g 6s. 1930
Unified gold 4s
Registered
Coll trust gold 5s
Coll trust 5 20 8 4s.
122
103'..
108
Y*
Gold 5s
.
104% Aug'02
1950
gold 58
2.1
N
103
102
104%
Long Dock See Erie
Long Island 1st con g5s./il931
136bl3~i4
116 3
10*4 bi
gold 3s. .1950
Is* consol gold 4s
10334
115
l04bMar'02
102 b Apr '98
HSbMar'OO
1
133
92
115bApr'02
.
.
lllbAug'02
M K &T
Si e
Registered
li;
11 5b 118
118% 122
115 116b
19 b 1213.,
May'02
1
i07
106
Knoxville* Ohio
112% 115
J'ne'02
IIO'4'I
V,
-2
ll«b
'02
'02
87 b May
1
Kan C & Pacific
Kan fitySon 1st
ii
.
109
98 b Sale
1st 6s
1923
1st g 4s. ..1932
g 5s... 1951
Kentucky Out
92b 95b Keok * Des Mo
'02
J-J
Small
1908 J-J
Chic* Erie 1st gol.l 5s. .1982 M-N 123
123b 12
v "'-'
Jelt RR 1st gu g58....al909 A-O
108
L06
Long Dock consol g 6s. .1935 A-O *137b
T'ne
>:R
cur
sru
Si
Coal <fc
R 1st
116b
6s. 1922 M-N
p
Dock* Imp 1st cur 6s.. 191 J-J 116
118b Apr
(ireen 1, gu g 5s. 1946 M-N
109 Oct
Mid RRof N J Istg6s.l910 A-O
11 4% Aug
Sus*
118^4 117
1st ref 53.193" J-J
Mas
2d gold 4b8
1937 F-A
103 Apr
General gold 5s
1940 F-A
iiiib His Aim
Terminal 1st gold 5s... 1943 M-N 117
L16bMaj
Regis $5,000 each... 1943 M-N
Wilk * Ea 1st urn g 5s. 1942 J-D 114
114 b Sep '02
Erie & Pitts See Penn Co
Evans * T H 1st cons 6s. 1921 J-J 120b.
121bJ'ly'02
1st general gold 5s
110 Aug'02
1942 A-O
Mt Vernon 1st gold 6s.. 19'. A-O 113
112 J'ne'02
Sul! Co Branch 1st g 5s L930 A-O
99 b
Ev* I ml 1st cou s:u g6s..l926 J-J 110
115 May'02
Fargo & So See Oh M & st P
lint & Pei-e M
See Perc M a c
NY
W
1
114>4
ins"
116
1951
Gold3bs
1951
Registered
1 951
Memph Div 1st g 4s.. .195]
Registered
1951
St LSou 1st gu g 4s.... 1931
Ind B1& West SeeCCCA-stL
Ind Dec*
st g 5s
1935
1st eiiargold 5s
1935
Ind 111 & la 1st g 4s
1950
lot * dreat Nor 1st g 6s.. 191 9
'J.I gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938
Refunding g4s
1951
Jefferson RR .Sec Erie
A & G R See L S & H s
Kal
an & Mich See Tol & O C
K C Ft s* m SeeS\
F
!< C* M R<8 B 1st L'u g 58.1929 A-O
1
115
109
L& NO
Chic St
Registered
Iake
M
95b
9834
L«S
Registered
2d 6s
193
1916
Dnl So Shore * Atl g 5s. .1937 J-J
17ast of M in n .See St P
<fe M
•last Ten Va * Ga
See So Ri
Elgin Jol & East 1 st g 58.1941 M-N
Elm Oort & .No .See Leli A N i
Erie 1st ext sold 4s
1947 M-N
2d extgold 5s
1919 M-S
3d ext gold 4 bs
1923
gold
4th ext
5s
1920 A-O
6th ext gold 4s
1928 J-D
1st consol gold 7s
1920 M-S
lstconsol g fund 7s
1920 M-S
Erie 1st con g 4s prior.. 1996 J-J
Registered
1996 J-J
1st consol gen lien g 4s. .1096 J-J
Registered
1996 J-J
Penn coll tr g 4s
1951 F-A
& H Vlstext g 4s. .1948
& W Tex See So Pnr
Carb*Shaw
HSbllSM
5b Aug'02
102
108
112
11738120b
135
137
CK&IP
Des M & Minn See Ch * N W
Des Moi Un Ry 1st g 5s. .1917 M-N *105
7b May'02
13634 Sep '02
137 Sep '02
140 Oct '9s
11
06b 10"
23 106
Ii.
105
113'4
N&W
Morris* Essex 1st 7s. ..1914 M-N
lstconsol guar 7s
1915 J-D 137
Registered
1915 J-D
lstref 2u g 3b8
2000 J-D
N Y Lack* 1st 6s. ..1921 J-J
Construction 5s
1923 F-A 115
Term & improve 4s
1923 M-N 104^4
Syr Bing& N Y 1st 7s.. 1906 A O 111b.
Warren 1st ref gu g 3 bs. 2000
Del & Hud 1st Pa Div 7s. 1917
Registered
1917 M-S
Alb* Sus 1st con gu 7s. 1906 A-O 113
Registered
1906 A-O
Guar sold 6s
1906 A-O io9J.i:
Registered
1906 A-O
Kens* Saratoga 1st 78.1921 M-N *147b.
Registered
1921 M-N *147b.
Del Riv RR Bridge See Pa RR
Denv* R Grist con g 4s. 1936 J-J 101 101b
Consol gold 4^28
1936 J-J
Improvement gold 5s.. .1928 J-D 110 110b
Rio Gr So gu See Rio Gr So
Den & S West gen s f g 5s 1 929 J-D
Des Moi & Ft D .See
NYN H*H
See So Pac Co
Central 1st g4s..l951
Registered
1951
1st gold 3bs
1951
Registered
1951
1st gold 3s sterling
1951
Registered
1951
CollTrnst gold 4s
1952
Registered
1952
gold 4s.... 1953
Registered
1953
Cairo Bridge gold 4a
1950
Louisville Div gold 3 bs. 1953
Registered
1953
Midland Div reg 5s
1921
St Louis Div gold 3a
1951
Registered
1 951
Gold 3bs
1951
Registered
1951
Spring Div 1st g 3bs...l951
Western Lines 1st g 4s.. 1951
Registered
1951
alias
Del
Sep
Sep
Sep
Sale
I llinois
Pas Rivs 1st g 4s. 1943 A-O
Gt So See C M * St P
* Waco See M K * T
Lack & Western 7s... 1907
96
'
LNO&Tex
83 14
94
82%
103
112
112
1
u
RR
I
102
82 b
114bH6b
93 b Sale
1
1
Houst&TexCen
116b Aug'02
82 b 84
'Ill's
W
See
115
Aug'O
Houst E
138
138
!04bNov'01
"2
1
*112%
113%115b Hock Val lstconsol jr4bs. 1999
134 b 134 b
K.'-^istered.
1999
May'02
106b Feb '02
Mar'98
88
J/
Sep '00
105
114
89
115
114
tr4s 1921
coll
High Ao Low
100
105 b
Greenbrier Rv See Ches & O
Gulf* S I lstref * t a 5s 61952
& St Jo See C B & Q
Col
138
NY
Rang'
Sinv
Januar"
Last Sale
Ask Low
A
&
&
V &
&
Gt Nor— CB&Q
J'ne'01
Week's
Range or
*105
1st g 5s. ..1918
1st land gr ext gold 5s. .1930
Consol gold 5s
1943
Fort St U D Co 1st g 4bs.l941
Ft W<fe Den C 1st g 6s.... 1921
Ft
Rio Gr 1st g 3-4S.1928
/ _ial Har & S
See So Pac CO
' T al H
H of 1882 1st 5s. 1913
Ga<fc AlaRy 1st con 5s..ol945
Ga Car No 1st gn g 5s.. 1929
Georgia Pacific See So Ry
Gila
G Nor See So Pac Co
Gouv Oswegat See
Cent
Grand Rap * Ind See Penn
Gray's Pt Term See St L S
"*-.
Price
Friday
October 3
Bid
FlaCen* Pen
114b
113 34
114 b Sep '02
134 b Jan '02
.
132b.
Clev * Pitts See Penn Co
Col Midland 1st e 4s
1947 J-J
Colorado* Son 1st g 4s... 1929 FA
Colum & Greenv See So Ry
Col & Hock Val See Hock Val
Conn*
Apr '02
99
100
83
fel936 Q-F
Registered
M936
Cin
CI con 1st g 5s. .1928
I consol 7s
1914
Consol sink fund 7s
1914
General consol gold 6s. 1934
Registered
1 934
Ind Bl*
lstprer 4s. 1940
O Ind*
1st pf 5s...dl938
Peo* East 1st con 4s. ..1940
Income 4s
1990
CI Lor * Wn con 1st g 5s. 1933
Clev & Marietta See Penn RR
Clev* Million Val g 5s. ..1938
Registered
1938
102
100
101
J-J
J-J
102
STOCK EXCHANGE
Week Endino October 3
1
109
lllblxc'Ol
J-J
BONDS
11734 119
109
105
if.
U4bMay'02
...
A-O noob...
M-N
Apt
[Vol. TiXXV.
N. Y.
January
L
General s 4s
1993
Cairo Div 1st gold 4s.... 1939
Cin
M Div 1st g 4s. 1991
St L Div 1st col tr g 4s.. 1990
Registered
1990
Spr A Col Div 1st s 4s. .1940
Val Div 1st g 4s. ..1940
CIStL&C consol 6s. .1920
Col
109
2
Low Nigh
High A
Ask Low
116b...
118b Ang'OC
Bid.
C
1
1
.
130 b Feb '02
l24%Am-'Q2
12b 112b
112b 114b
1
116
22
117
100b
1033,
118*4
J
100 100
115 116
10 98 34 101b
114b 116
128 b 130 b
122 124%
on Nexi Pace.
<in«« and Electric l.isrht
Ch G L & C Co See P G & C Co
M at Fuel Gas Co See Peop Gas
Columbus Gas 1st g 5s
1932 J-J
Newark ConsOascon g5s L948 J D
on
,sc- strict Ry
I,
11634
Ry
2 112
113 b
3b
N Y 1. E I. H & I' g 5s.. .19 18 J-D 112 113 b
Sale
Con Gas Co see p g & c Co
9 5 '4 2" 94 34 S»8b
Purchase money g 4s. ..1949 F-A
1".-.
',"'.'
'02
923 J-J
Detroit City Gas g 5s
95
97 S.
hd El III 1st conv g 5S..1910M-S
105 b LOS b Sep
92b 99 "
1-134
120
L20
Det Gas Co con 1st u 5s. ..1918 F-A
104 May'02
120 J'ly'02
1st consol gold 5s..
104 104
104bl08b
Ed hi 111 r.kn See KCo E i..v P
WAijKI I..' I'll, on .1930 F-A
3ep '02
Ed E 111 SeeN Yn* h 1.11 P
-on * PG * E g 58.1949 M-S
>i>:
104
Eq G LN Ylst con s 5s. L932 M-S 116
118 J'ne'02
118 118
104
Peoi Jas & C 1st gu g 6s.. 1904 M-N
UI3
106
103b.l'ne ".
Eq O & Fuel .See P G * C Co
L904 J-D 101
2d guar gold 6s
120% 126
ep '02
Gas* Elec BergCoc g5s.l949 J-D
1st coil gold lis
L9 !3 A 11
61b Oct '01
107"]
19
Gr Rap G L Co 1st g 5s. ..1915 FA
105
[Hiding srold 5s
lib
Mo
Gas
Co
C
1st.
5s.
A-O
J-J
!LUg'02
K
..1922
chi. L& Cke Lstgug5s 1937
g
l"7'i l"9b
1"
Kings Co F.I L* P g 5s.
A-O
'on
gu e 5s. '36 J -D
S
iooi in
1".".
1(12',
Purchase money tis
105 Apr'02
L9H7 A-O 121
J
121
121
121 1 2
ho G * FCh lsl
e 68.1905
Ed El II Bkn 1st con e ! D39 J-J
in.-.
105 106
97
Mn Fuel
105
99
96b .... 97 '.Sep '02
LacGas LofStL 1st g5s..tl919 Q-F 108bSaJe 108b 108V
M-s
Feb'Oi
109
110
El
Lsl
5s.
.1949
Trenton G
g
107b
Milwaukee Gas 1. Lsl Is. .1927 M-N
5s. '95" J
1st sf
95 J'ly'02
95
953,,
L«S
No price Friday; latct ibid and asked this week. aDueJan SDneFcb dDueApr «DueMny h. Due J'ly ZcDueAug oDueOct gDueDec s Option sale
Oiin mill Electric l.ir.in
11
I
<fc
I
1
1
'•
'•
I,
A.
-
.
I
1
.
I
1
i
1
.
1
1
i
s
1
1
ii
'.,
.1
i
I
.
.'
i
'
I'
sr
.1
—
1
October
BONUS)
STOCK EXCHANGE
Week k.ndino October 3
Price
Week's
Friday/
Ranye or
October 3
Last Sale
Ask Low
Bio,
Louisv A Nashv— continued >
Peasacola Div gold 6s.. .1920 M-S
1921
St L Div 1st gold 6s
70
1980 M-S
2d gold 38..
(
Homier Bilge lsts t g 6s. L931
Kentucky Cent gold is.. L987
LA N A M & M 1 st g 4 ks 1945
N Fla A- S 1st gu g os.. L937
l'eus tfc Atl 1st gu g 68..1921
S A- N Ala eon gu g 5s.. 1936
1910
suik mini gala $8
L & J eft Bilge Co gu g 4s. 1945
L
I
<fc
Cli
See
C
L N A ilb
8
Malion Coal See L S &
an hat tan Byoon8oi48.1990
1990
Registered
Motropol El 1st g 6s.. .-1908
1934
Colouiz g 5s
Man S
.
&
B V
NY
liee
MS
Ms
99 k
M-S
F-A
"llO'-l
Ac Low Hn//i
125k Aug'02
115 1168s
125%! 127%.
75
77%;
F-A
111
A-0
M-S
98
75
L13
LOO
J 'ill"-
>'l
Nov'99
Sep '02
99
lWs Mar'05
113k
115
Jan-uarit 1
114k Sep
114 Sep
1
'02
15
Dee '01
112
100
Mar'01
1
101
110',
'0!
1
!
k
112
112
ID'..
1
•-
A-0
A-0
103*4 104
J-J
J-D
".... ii2
N
W
M
J-J
J'ly
J'ly
82
83
29 k Sale
19
19%i
FA
M-S
J-D
1st
83
30
20
18Hi
9 7 Hi
97k Sep '02
96
97
ffl990
J-D
J-D
A-0
F-A
. .
&
Registered
1st coll gold 5s
Cent Br Ry 1st gu g
FA
4s. 1919
Leroy&C VALlstgSs 1926
Pac KoiMo 1st ex g 4s. 1938
2d extended gold 5s. 1938
St L Ir M& Sgen con g 5sl931
Gen con stamp gtd g 5s 1931
J-J
F-A
J-J
. .
Unified
V
1
145
....
119
....
....
147
118
Hi
A-0
A-O
100 Sale
83 14 Sale
106 108
.Tan '02
1945 J-J
5s. 1946 J-D
Mob & Ohio new gold 6s. .1927 J-D
1st extension gold6s../il927 Q-J
General gold 4s
1938 M-S
Montgom Div 1st g 5s. .1947 F-A
St L & Cairo coll g 4s..el930 Q-F
Guaranteed g4s
1931 J-J
M & O coll 4s See Southern
T&P
New H4 1) nee N Y N H &
N J June RR See N Y Coin
New & Cin Bdge See Penn Co
N O&N E prior lien g 6s 19 15 A-0
N Y Bkln & Man Bch nee i, 1
N Y Centifc H R 1st 7s. ..1903 J-J
190;
123
104
J'ly '02
104
1905 M-N
Registered
1906 M-N
Lake Shore eoBg3ks...l998
Registered
1998 F-A
FA
Nov'01
Apr '01
99 34
100%.
83*4
84%.
107%. Sep '02
87 "n Aug'02
109k
113
124
106 k 107
106%.
94
105
105
114
114 4 Sale
l
94
Sep
113
113
123%
,
101
126k
4
106%
106%
106%
106
1
Sep
92
100
105
NY& Ocon 1st extSs./il
.
:i
Sale
Tel
Co
4s 1929 J-J
1st g 4s. .2397
101 3,
100
77
100 V
ErieT & T col tr g s f
Met 1'ife X 1st s tg5s
1918 M-N
Mut Un Tel Co See Westn Un
N 1 ifc N J Tel gen g 5s.. 1920 M-N
No A'estnTeleg Sec West Un
Wesi Union col tr cur 5s 1938 J-J
Fit and real est ^ 4ks.
1950 M-N
Mut Un Tel s fund 6s... 1911 M-N
Northwestern Tel 7s
1904 J-J
.
N
I
ife
*
No price Friday;
100 Dec '01
229 k Sep '02
220 J'ly '02
204 k 229 k
207 220
116
116
100
77
104
'02
135kl35k
Jan '00
106k Mar'02
106k 106%
102
102
Jan
102
105 k
10 1
"
116kll6k
116 k Mar'02
133 Aug'O
132k Aug'02
129k
Sale
93 34 sale
108
133 135k
132 136
13434 J'ly '02
I34 a4 135%
10034
103
49 10034 104 k
100 k Jan '02
100 k 100%
95
93
94 158 92
107k J'ly '01
103%
"74"
Sale
103 k
104 k
74
72
74
104k Sep
"74k
100 34
101k 104 k
Sep '02
102
15?-
'02
%>
164
Apr'02
102 k
100
129kMay'02
129k 129k
132
122
121
J'ly'
Apr'02
94%.
.
117kSep
115
112%:J'ne'01
111
1
113
114
os
100 100
94 k 04 k
115 119 k
Feb '02
117k.
122
110k 112k
Aug'02
100
93
103 k 106 k
103 k 105 k
75%
73
75
72
102kMay'02
L12kAug'02
lno River RR 1st g 5s. 1936
General gold 5s
1937
Ore ife Cal See So Pac Co
'0
k J'ly '02
108
110
Ore RR ifc Nav nee Cn Pac
Ore Short Line See Un Pac
Oswego & Rome nee N Y C
O C F & St P .See C & N
W
Pac Coast Co
81%i
1946 J-D
1st g 5s
nee Mo Pac
1st s fund g 4 %js. . 191
109kH4k
114
101% 1047,
101 "„ 1Q4%
106 34 109H
Sep '02
101% Aug'02
lits'4 Sep '02
101'4
,
100 34
108 %i Apr '02
103 34 Aug'02
102%i Apr '02
109%. Sep '97
101 a 4 Apr'02
1()(
101
94 %s
10.--.
1
'4
Jan
'02
100%iJ'ne'02
100 's Nov'01
94\
95
94%.
93 %> Sep '02
94%. 94%: Sep '02
93 Hi Sep '02
lll^ Sep '01
100
13
109
104
&
97 k.
Erie
101
N&C Bdge gen gu g4%>sl945
iVo'
PCC
ife
Series
Series
Series
Series
Pitts Ft
2d 7s
3d 7s
St
115%
L gu 4ks A.
.
.
'01
Oct '00
102
Nov'00
11434
114 34
97
97 k
128 34 132
128k Aug'02
128 34
130
128% 131k
Aug'02
Apr'01
llOkllOk
110kMar'02
1 10
k Sale
109
116k
115%
NOV'01
97 '-.J'ne'02
1905
Consol gold 5s
Oct
121
lOlr'j
1912
A1912
110^ Dec '01
4
97k 99
122 k 123
115% J'ly *02
116k Feb'01
RR 1st real est g 48; 1923
Warrants conv 3 ks 50% paid
Con currency 6s reg...i/1905
113
J'ly '02
U5'sJ'ne'02
1940
B guar
1942
C guar
1942
D 4s guar
1945
E 3k guar g
1949
W & C 1st 7s...l9i2
Consol sterling g 6s
95
Nov'98
123
1942
1948
1950
Series D3ks
ife Pitts gug3ks B.1940
Series C
1940
93 %j 98
93
96k
97%
93
96
93
93
.'42
110 k
1113
103 k 112 %
1919
on Next Page
Coal anil Iron
9 103 106k
97 klOOk Col F <fe 1 Co gen s f g 5s. .1943 FA
103% 10334 10384
Convertible deb g 5s
100 klOOk
1911 FA
98 '4 Sale
95
99k 883 95 111k
De Bardel C ifc 1 See T C ifc I
108 115
GrRiv Coal ife C 1st g 6s. .1919 A-O
115 J'ne'02
107 Mav'97
|114k 114k Jetlifc Clear C ifc I lstgos.1926 J-D 101
-•I
M/ay'97
2d golii 5s
1920 J-D
106 I06k
Kan ifc 11 C & C 1st. s t g 5s. 95 J-J 104
106% Feb '02
105 Oet 00
Pleas Vai Coal 1st g s t 5s. 928 J-J
113 k RochifcPiTCit Ipurni 5s. 1946 M-N
10.".'k 10934
108 111k
Tenn CoalTDivlstg6s.«19l7 A-O llMik
iio'k'Tiok
108 113
110
110
Birm Div 1st consol 6s. .191 7 J-J 110
HO*'1 l'-3 '4
Feb '00
105
Cah C M Co 1st gu g 6s. 922 J-D
'02
Sep
De BarC ifc 1 Co gu g 68.1910 F-A noo
101k 104
32 J an '00
Wh'LE& P C Co 1st g 5s. 1919 J-J
1
1
.110k 110
105
|106
111
Sep
Sep
'02
'02
J'ne'Oi:
1
R
Nov'00
110k Aug'02
55
and asked this week,
a
k
101k 102
110k 113 k
110% 112%
02
110%2
98k J'ly '02
101 '4 101 34
100*4 100k
100 k 101%
gug4ksser A
ScriesC 3ks
107%. J'ly '00
97 k Aug'02
100 k Apr '02
100 k Oct '00
109 Oct '99
114 k Apr '02
110k
110% J'ly '02
CI
Pgen
Series B
Penn
Apr'02
102
110%. Sale
102
102 k 102
Apr
100
102 34
102 k 10384
J'ne'98
95
102kMay'02
O 101
Sink fund subsidy g6s..l910|M-N
1st g 4%>s
1921 J-J
Registered
1921 J-J
Guar 3 %>s coll trust reg.1937 M-S
Guar 3 ks coll tr ser B...1941
C St L ife P 1st con g 5s. 1932
Registered
1932
&
latest bid
106% 106%
lOlkNov'98
Nor Wis See St P M <k O
Nor & Mont .See N Y Cent
See C C C & St L
Olnd &
12534 129
114 116
77%!
Coal and Iron
Clearl Hit Coal See
YC H
Col C cfc 1 DevCo gu g 58.1909 J-J
Uol Fuel Co gen gold 6s. ..1919 M-N
103
StP&N
'02
'02
l>ec'99
J'ly '02
Dee '9'.'
'02
114
102
.
102
Q-J
2397 Q-J
5s.. 1926] J-J
Cah Coal Min See T C
105
102
& C joint 4s.. 1911
CCifeTlstgug5s
1922
Scio V
N E 1st gu g 4s 1989
North IUinois See Chi & N W
1
.
108 108
104 '•i 108
135%.
Penn Co gu
115
Registered
108 Sep 'OS
104 k 104 k
106% Sep
W
Sep
Sep
111
.
104%..
Pocah C
Panama
104
coll tr
108k
i
104 L4l07i4
ife
114 116%j
113 34 120
North Ohio See L Erie ifc
114 114
Nor Pac— Prior lien g 4s. 1997
Registered
1997
92k 95
General lien gold 3s
a2047
Registered
o2047
93
93 %2
C Bit Qcolltr4s See Gt Nor
97 102
St Paul-Dul Div g 4s.... 1996
129 132
Registered
1996
127 128%.
P gen g 6s. ...1923
Registered certitic's..l923
98 100
114 118%.
St Paul & Dul 1st 5s.... 1931
2d 5s
1917
1st consol gold 4s
100%il01%!
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pac
101%iJ'ne'02
Telegraph and Telephone
ifc
k
114k
127
113-4
ifc
MISCELLANEOUS* BONOS— Continued
Telep
121
113% Jan '02
ac of Missouri
GonvifcOswelstgugSs 1942 J-D
Mohifc Mai 1st gug 4s. .1991 M-S 106
Income 5s
1992 Sep
C'onmi Cable
121k 121k
121
121
W
May'01
Aug'02
116
113
116
.
Clear! Bit Coal tstsf 48.1940 J-J
Am
12lkMav'02
N Y & R B See Long Island
N Y S W See Erie
N Y Tex & M See So Pac Co
91k 95%
'02
116 J'ne'02
113 34 114%!
114 J'ly '02
93%.
93
127
.
113
*119
*114 34.
*114 4.
199.x
ip;>8
%>s
132 k
130
115% May'00
.
93 Apr '02
102 J'ly '02
130 34Sep'02
127 Sep '02
99 Aug'02
115 14 Sep'02
95k Nov'01
115
gu g 4s.. .1981 J-D
g3
128
127
1951
3%.s
Bat C & Sturlstgug3s.l9s:i
N Y ife Harlem g 3%js...2000
2000
Registered
North 1st g 5s... 1927
Ill 113%i Norcfe South 1st g5s
1941
110%ill4 34 Norf ife West gen g 6s
1931
122 126
Improvem't ife ext g 6s. 1934
New River 1st g 6s
1932
106k 109k
N & Ry 1st con g 4s. 1996
106 109
Registered
1996
'02
113
12334
110'4 J'ly'OO
129 %-
1936 J-J
19116 J-J
i>.l 951
A-0
1 st
k 127 k
Dec '01
lOOkNov'OO
1940
1940
W
101%jl05%>
F-A
Registered
F-A
Beech Creek 1st gu g 4s. 1936 J J
1st
Slstg
12s
127
110
Convert deb certs $1,000
Small certs $100
Housatonic R con g 5s. .1937
N H & Derby con g 5s. .1918
98 101%i
1905
N Y & N E 1st 7s
1st 6s
1905
81%i 87k
103 108
North
See
Y
N'
C it H
N Y ife
85%. 88k N Y O &
ret 1st g 4s..^l992
102 106k
Regis $5,000 ouiy
#1992
88 %i 92
N Y ife Put See N Y C & H
104%; 108%;
J-D
1890-19(15
Debt certsextg4s
Beech Cr Ext
127
ife
10
.
J-J
L997 J-J
1997 J-J
Debenture os ot. ..1884-1904 M-S
Registered
1884-1904 M-S
Begistdeb 5s ot... 1889-1904 M-S
Debenture g 4s
1890190.")] J -D
Carl* Ad
Keb'oi'
16'VApr'Ol
j'ne'02
J'ue'02
J Life
/.
Registered
2d i-'u gold 5s
114
118% Dee. '01
Registered
11
g3ks
1
'o
193]
1931
N Y Chic St L 1st g 4s. 193
Registered
1937
147kl47k N Y Greenw Lake See Erie
Y
L18
121
N Y & Har See N C Hud
26%. 129 k N Y Lack & W SeeDL&W
121
121
N Y L E W See Erie
120V, 124k NY
Long Br See Cent ot N J
103%. 106
SeeNYNH&H
NY&NE
N Y N H & Har 1st reg4s.l903
105%; J'ly '02
Nash Flor & Shef nee E <fe N
Nat of Mex prior lien 4 ks. 1926 J-J 100
1st consol 4s
1951 A-O
coll
127
189
130
W
E
McM M W &
Mich Cent
114
Mai'OI
122 k
121
932
S'eb'02
ife
YC& H
St 1st 7s. 1913 J-J
1st consol gold os
1928 A-0
Jasper Branch 1st g 6s. .1923 J-J
Al 1st 6s. .1917 J-J
Branch 1st 6s.... 1917 J-J
Regisi ered
1
107%
107%
109k
ifc
129k Aug'02
121 Jan '02
Monongahela Riv nee B & O
Mom Cent nee St P M ifc M
Morgan's Ea & T See S P Co
Morris & Essex See Del E ifc W
Registered
Gold mortgage 3 ks
Registered
114
I
:
104\,
L07 %j
McKeesik B V 1st g 6s 19
Mich Cent 1st consol 6s. 1909
4s...'
9S 5s
106 l, Sep '02
107
88%! 91
91
91
105%i 105 34 105 3
Mortgage gold 4s
Mob Jack & K C 1st g
^ash Chat &
lit;
n2'9ll5k
Sep '0
Mav'w.
Sep ol
ife
104
Mob A Birm prior lien g 5s 1945 J-J *112
See N
112
104 'i
Hi's
|o7',
iO 1
*I11
R Wife
R 2d gu g 5s...el915
Oswe
R W OTR 1st gug 5s. 1918
J'ne'02
103
98
97
& ret gold 4s. .1929 J-J
& W 1st g 5s. 1926 M-S 104
Mohawk & Mai
104»4
1931
ife
A-O
M-N
M-S
J-D
F-A
J-D
A-0
M-N
M-N
M-S
ol917 M-S
1920 F-A
M
113
ife
1st ret g 4s. ...2001
1st gu g 5s. 1940
Dal <fc
1st g 4s... 1990
K ifcTofT 1st gug5s. 1942
SherShifc So 1st gug 5s. 1943
TebOifc Neosho 1st 7s. ..1903
194i
Mo K E 1st gugSs
1906
Missouri Pacific 3d 7s
1920
1st consol gold 6s
Trust gold 5s stamped. al917
Wa
KanC&Pac
114
11314
it.
k Nov'01
13% Sale 113k
1
112%2
104 '4
Utica& BlkRivgug4s.l922
1944 M-N
L Div
my
1
807a 85
28
36%.
IS Hi 25%.
90%J'iy'0]
105 May'00
W
g 4s... 1990 J-D
2d gold 4s
1st ext gold 5s
Verdi
50%
28
.".'..
105
ife
M St Pit SSMconK4intgu'38 J-J
Minn in See St P M AM
St
iiik ii4%
St
Mo Kan & Tex
1
.
2d siunis
A-0
A-O
L gu See B C K & N
MiSs Plst 5sstpd4sintgu 1936 J-J
M S S M & A 1st g 4 int gu 1926 J-J
Minn &
McK & Y 1st gu Gs
Pitts
Registered
g 78.1910 J-D
1934 M-N
1st
10 103%. 107%;
1
Low
.No
I
2361
Registered
Lake Shore consol 2d 7s. 1903
1903
Registered
1997
Ooid 3%2S
1997
Registered
Det Mon & Tol 1st 78.1906
KaAitli R 1st gu cos. 1938
. Mahon C'l RR 1st 5s.. 1934
117
Since
January
Last Sale
1986
5s
126
121k....
122 H» 124 Ha
1st consol gold 5s
....
1st and refund gold 4s. .1949 M-S *104
Ex
104
L05k Mav'Ol
111%: Sep '02
1st 4s... 1986
Registered
Ll2"*"li'2*"
103%.
June R gu
Range
Hanye or
Ask Low
Hiyl.
OS Dec '01
bid
NYifcPulstcongug4s L993
Nor ife Mont 1st gug 58.1916
West Shore 1st 4s gu... 2361
%.
1
II
NJ
•5 a.
1
H eek's
Price
Fridai/
October 3
N. Y.
Hiy/i
UlA Mar'oj
J-J
PA
« >:
STOCK EXCHANGE
Week Ending Octobeb 3
N Y Cent & H R (Continued
Since
Cent
Metropolitan El nee Man By
Mex Cent consol gold 4s. .1911
1st consol income g 3s.al939
2d consol income g 3s..al939
1917
Equip ife collgolilSs
1919
2d series gold 5s
1907
Coll tr g 4ks 1st Set
4s.
1977
Mex [nternat 1st con g
Mex North 1st gold 6s... .1910
Midi Cent nee N Y Cent
J See Erie
Mid ol
Mil L S & \V See Chic <«r N
Mil <fc Mad See Chic & N
<fc St E
Mil it North see ch
Minn & St L 1st gold 7s.. 1927
1909
7s
Iowa Ex 1st gold
Pacific Ex 1st gold 6s. ..1921
South West
719
BONOS
Ranje
M
McK'pt
1
Bond Record— Continued— Page 3
i, 1903.]
N. Y.
W
8
110k
Due Jan b Due Feu
115
1
Manufacturing
&
Amer
deben 5s 1919
.vai
e
Bicycle
s f
Industrial
Cot Oil ext 4ks
Due May jDuej'ne
MS
1915 Q-F
a Due
J'ly
47
100
Sale
Sale
v Due
Nov
45
100
s
47
100
Option
sale.
73
45
99 k 102
—
7
1
.
BONDS
KR (Continued)
1943 M-N
Cousol gold 4s
Alles Val sen sn s 4s. ..1942 M-S
CI & Mar 1st k'u g 4 "as.. 1935 M-N
D
R<fe Bselstsu4ss'.'36
Gr R & I ex 1st gu g 4 4s 1 94
Sun & Lewis 1st g 4s... 1936
Can sen 4s. 1 944
Pensacola <fc Atl See LA Nasi)
Peo <fe East See C C C & St L
Peo <fc Pek Un 1st g 6s.. ..1921 Q-F
61921 M-N
2d gold44s
Pere Marq— E & P M g 68.1920 A-O
1939 M-N
1st cousol gold 5s
Pt Huron Div 1st g 58.1931) A-O
SagTusA H lstgug 48.1931 FA
Piue Creek reg guar 6s... 1932 J-D
Pitts Cin & St L See Peun Co
Pitts Clev & Tol 1st g 6s.. 1922 A-O
Pitts Ft
& Cli See Penn Co
1922 J-J
Pitts June 1st gold 6s
Pitts & L, Erie 2d g 5s...al928 A-O
Perm
RR
KNJKR&
S
High
January
STOCK EXCHANGE
Week Ending October 3
1
Keadiug Co
199
gen g 4s
199
Registered
Jersey Cent coll g 4s... 1951
Rensselaer & Sar See D & H
Rich & Dan See South Ry
Rich & Meek See Southern
1939
Rio or West 1st g 4s
Cousol and col trust 4s .194'
Utah Cent 1st gu g 4s.al917
Rio Gr June 1st gu g 58. ..193!
1940
Rio gr So 1st gold 4s
194U
Guaranteed
B R& P
BoneWatct Og SeeNYCeut
HE&WT
1114
111
17 "May
'00
130
125'
124
112
115
1134117
Oct
120
122
119
J'ly'97
100 1024
101 101
111 J'ne'02
1174
111 111
103 97 4101
98 Sale
974
92 Apr'Ol
'21
"93 Ja Sale' 934
96
934 98
.
101
100 3j
99 34
9
100
Sep '02
ct7
Jan '02
114 May'02
804J'ii '02
92 34 Aug'02
'-'1
J-J
J-J
,02
Apr '02
94
93
1104---84
J-D
Sep
1004 99
1
10278
99
9534
92^4
97
'i
97
1124H5
l
4
82 4
804
94^
91
101 l4 Nov'01
J-J
97
97
Sale
97
994
95
Tex<feN0 1st7s
1912
1943
Con gold 5s
1994
Southern— 1st con g 5s
1994
Registered
M ob & Ohio coll tr g 4s. .1938
Mem Div 1st g 44-os... 1996
1951
St Louis div 1st g 4s
1918
Ala Cen R 1st s 6s
Atl & Danv 1st 2 4s
1948
Atl & Yad 1st s guar 48.1949
1916
Colcfe Greenvlst 6s
E T Va & Ga Div g 5s. .1930
1956
Con 1st sold 5s
1938
E Ten reor lien s 5s
1922
Ga Pac Ry 1st s Cs
Knox & Ohio 1st s 6s. ..1925
1915
Rich & Dan con g 6s
Equip sink fund g 5s. .1909
5s
stamped
1927
Deb
Rich <fe Meek 1st g 4s. ..1948
So Car & Ga 1 st s 5s .... 1 919
Virginia Mid ser C 6s. ..1916
Sabine Div 1st g6s
Series
series
L & Iron Mount See M P
St L K C & N See Wabash
St EM Br SecTBRAofSth
<3t L & S Fran 2d g 6s CI B 1906 M-N
Gray's PtTer lstgug 5s 1941
St Paul & Dul See Nor Pacific
StPaulM & Man 2d 6S...10O9
let cousol gold 6s
1933
Registered
1933
Reduced to gold 44s.. 1933
Registered
1910
Dakota ext gold 6s
1937
Mont ext 1st gold 4s
19;;,
Registered
E Minn 1st div 1st g 5s. 9' 18
Registered
1908
.
Nor Div 1st gold 4s
Minn Union lstg 6s
Mont C 1st gu s OS
1
I
1314 L314
J-J
J-J *
1184 1144 1184
101 Sep '02
J-J *1004
A-O
W
W
i
i
M-N
A-O
A-O
So Car & Ga See Southern
So Pac Co-Coll tr g 4 4s. 1905
Gold4s(Cent Pac coll). A:1949
Registered
J-J
J-J
J-J
113*8 Sep '02
L6 '-Apr'oi
Cent
->>.
1
J-D
J-D
A-O
A-O
A-O
106
123
A
A. S
sold 7s
Mex & Pac
Gila
VG&N
Holts
1
1
1
M-N
113
...
87
95
J-J
96*4
&
Noi
<V
1st 7s
Gold 5s
I'm N
KR&CCo
3
cm
W.
iisiiiia
'
36
:
1054
i,;;
i
96*4
98
See
1)2
114
J-J
J-J
J-J
126
126
122
Sale
114
122
125
125
119
122
""
UH4
123
'02
115
1174
1164 Dec'01
9s
Apr M2
1184 Sep '02
98
HI
Sep
Sep
117
1044 Sep
112
lis
-01
1184121
J'lv't'o
9S41044
'0'
J
1144
ltfar'02
11:.',
1
102
1,11
Sale
-
1
5
J-J
113
A-O
1
1
!)''*.»
109
J-J
J-J
91
A-O
D
J-D
S03.J
'02
Sep
•!>_'
Sep
'02
109
1
15
1013, 101"l
122
82|J1 19
I02 ;
96
511241144
107
109
984
94*..
92
91
90*4 seo '02
90
884
so 4
'mi'.
<ts'.,
'.'.
12
J-J
J-J
10
M-N
M-N
i'0'9" Sale
1
Sep
us
Nov'01
2
J-D
1
.:.
Ill
lit
An
.1
lie.
Aug'02
4 May'02
12(1
99 4
J
13*4
109
90
-
22
103
Mai
1
123
2
117
j
1224
1.1
.11134 110 4 Sep '02
123 Feti'02
1134 102 Oct '99
117*4
129
127 34
92
112
1
*
'341174
1
J'ly'00
111*4 May'02
101
M-f-
9 16 J-l>
> Sale
1 0-1 '\j
11
Aug'Osi
106
'02
4
F-A
1946 J-J
192
1908 J-J
FA
94
944
1926 J-J
110
117*4 117 4 j'ne'Ol
114 4 Apr'02
125
1 !
9
2
116
5
113
L064
105*4 113"g
106
19 HI-
Apr'02
L06
sah
87
106 4
57S2*
1024
102*a
11
104*4
Sep
1074
-
97
Aug'02
12c
115
10434
1194
96
106'
...
106
1254 129 4
11441144
i
1939 J-J
J-J
g 5s.. 1 92
5s
J-J
g
g 4s.. 1939 J-J
-
MS
M
Lst
1911
Is
t
'.1
il
'has linoen See Del Lac & West
Wash C( ut .-. Nor Pac
st
'
126*4 Sep '02
L26*4 J'ne'02
109
984
94
119 120
11034 1204
12234
120
:
>i
122
100
115
994101*2
2
«
1214Sale 1214
96
119
no
sale
A
ties
si
Des Moin Div 1st
dm Div lst s 34s
Tol& Ch Div lst g
!
if,
t.
W
&
Det& Ch Ext
90
84
15
id
Series B
1st lien equip
"s94"95"
l
1
1004 Sep
99*4
122
M-N
M-S
See Mo P
See South Ry
1st sold 5s
1939 M-N
F-A
Id 5s
M
Debenture
Aug'01
85 14
85 4 Sale
88
104
104 1044 103
104
Feu'98
112 ...
97 Sep '02
97*.
1184 124
41
a Black R See N S Cen1
.1
\7er Val Ind
J'ly'02
o
See.
1
110
96
114
1184 11 9
1224 Jan
RioGrWea
See Un P
Utah Central
tali & North
110
1
cousol s 5s
participating
1st
Utah
t
108
1U4H44
'01
Sen 02
g6s..l905 M-S
2IIOO J-D
1st
1st gold 5s
4125
4
116*4
108
120
116
1
Tex A Pac K Div
141*4
125
115
10S Mav
114 4 Feb
&T
1
Aug'01
1
93%...
'
1
-
1334 Dec '01
Her '01
28
23
95 h N
10 May'02
J-J
1
\
834s.il,
un
7 118
110
11 109
100
80
107
J'lv'nj
97
May'02
844
974
LOO
103
105
109
96
111*4
98
109
1114
1765
A
110 4
O
M-S
A-O
1184
110
...
97
89
88
9913
...
Sep
111
108
sO
'02
Wan
.
J-J
104
93 78
99
93
100^
111
J'lie'l);
'-ali
94
1
113
.
1
M-N
LOO
874 884 874
F-A * 1 '4
1905 J-D * 04
M-N
no
Istg5s....l931
Ls1 gu g5
M-N *109
1st s 6s.. L910
1004 1004
"lor,
..
1
H
1
'4
108
103
..
..
87
w
<> ,v
30
134
7
1
10
g
99
92
94
-
8
101*
96
95
100*4 104
"8*7"
- s ()n thern
a
We-i N v
pr'02
!
J-D
Wash
Dec '01
100
1004 Sale
100
E& WT 1st u 5s
&
II'SCUI
116*4 Apr'02
X
4s
12
11941194
H0 38
107
Nov'00
110*4 Sep '02
J-J "119
J-J
RR
&W
LM
Apr'02
111
A-O *12«4...
A-O
Mi ...
J-J
&
Ore Ry A Nav eon s 4s
Ore Short lane Ls1
1334
4 J'ne'02
A-O
Falls & Nor 1st sCs. 1939
Stat Isl Ry 1st gu g 4*28.. 1943
Sunb
Lew See Penn
s via Bing
N Y See D L
'jVl.o a. N SeeM K
lerAof StLlstg 14s.. 1939 A-O
1894 191 F-A
1st con sold 5s
St
BgeTergu 5a 1930 A-O
o
Tex&
gee So Pac Co
I
115 Apr'97
l244J"'ne*02
1254J'' b'02
11 9
S&NAla SecL&N
1
1334
J-J
J-J
i
'
128
M-S
A O
M-N
9434
116
.Mar 01
02
Spok
13
1144
L054J'n
108 Dec'01
110 5g Jan'02
1
Ki gistered
J-D
J-J
1
Si
Sep '02
19-11
red
Gal Hat
IOC
L06
104=8.
Registered
1949
Mori guai gold34s..*1929 J-D
I.
May'02
i
M-N
25 4
W
41
105*i 108*4
120
M-S
1926 M-S
1936 M-N
1936 M-N
E 5s
:
12
1
I
I
11834 Sale
M-S
A-O
M-N
M-N
92
•
11234 Apr'02
1034
J-J
89
89
112
103
103
104
116
J-J
J-J
J-J
1921
4-58
72001'
77
904
2d gold inc is
80 78 si',
1931
La Div B 1. 1st g 5s
90 4 Tolcfe O C 1st s 5s
88
1935
Western Div 1st g 5s... 1935
1935
General sold 5s
1144H7
Kan & M 1st i;u s 4s.. ..1990
133*8 Ml 4 Tol l'<fe Wist gold 4s. ...1917
139 140
TolSt L<& Wprlieng34s.l925
112 1154
50-year cold 4s
L950
Tor Ham eft Bun 1st g is./, 1946
Delist
con
118*8
g5s
1928
Ulster*
115"e
:oo
gr sis.. 1917
n Pae 1:1: A
1941
Registered
m
I'M
1st lien convert 4s
1074
'02
H54J'ne'02
133 7e Aug 02
tel949
IStgU g5s....
1st rel gu g 4s
884
A-O 1114.
J-J 1364.
llit
1
9641004
99
100
112^8.
98%
884
oe'02
894 Sep
884 Sale
J-D
D
J
100
-
91
984
884
99
101
96
100
95
'02
J'ne'02
884
Sale
98
*
's
.
.
A& NPacW
125
110-\
130' 8 134
114 1184
954
96
J-J
w
;
Jan
100
94
124
89
*
,
N
V& W
M
M-N
1114
107
107
108 1* Aug'02
.1
1st guar gold .w
Will & S K 1st gold 58
St P & Nor Pac See Nor Pac
StP A S'x City See C St P M &0
SFePresA l'h 1st -5s. ..1942
S A & A P See So Pac Co
P 1st sink 1 g 5s. 1919
S FA
1st gold 6s.... 193-1
Sav
L934
1st gold 58
St John's DlV lstg 4s... 193 1
Ala Mid 1st gu gold 5s.. 192S
1st gu g 48..] 938
Bruns &
Sil Sp Oca & G gu g 4S..1918
Scioto V.il & N E See Nor<&
Seaboard Air Line g 4s.. .1950
roil tr refund g 5s
19]
SeabA Roa 1st 5s
L926
Car Cent 1st con a -is... 1949
Sher Shr & so See
K
Sd sp oca &
See Sav F &
Soil Bay & So 1 st g 5s
1924
(
10734 Sep '02
108
108
1)
Jan "01
1054Nov'01
113
110
113*4115
F-A
M-S
J-J
J-J
J-J
M-S
General 5s
Guar stamped
O&
1st CV gu 4s.. 92-1 FA
West N C 1st con e 6s.. 1914 J-J
W
1922
J
1937 J-J
93 J-J
1937 .I-J
Ri gistereu
AC
N
121
121
J-J
J J
J-J
Cal 1st sCs
1st g 6s series B
1st u 6sseriesC& D...1906 A-O
1st sCs series E<fe F...1912 A-O
1912 A-O
1st gold Cs
1937 M-N
1st con guar g 5s
1905-.. 19;;, M-N
Stamped
SPacof Mex 1st g 6s. .191 J-J
19:;, J-J
S P Coast 1st gug4s
'01
May'02
121
98
101
101
106
114
100
SS
112
A-O
J-J
190 A-O
SPof
107 4 Oct *9S
122
gu g 6s. ...1907 J-J
1938
Guaranteed gold 5s
Ore & Cal 1st guar g 5s. 1927
S A & A Pass 1st gu g 48.1943
SoPof Argulstg6s...cl909
C1910
1st guar s 6.s
130*4
Nov'97
137
gulsts4s.l9l2 A-O
1st
No of Cal
130*4 Feb'02
101 Oct '00
125 J'ne'02
112 4Aug'02
11476 Sep' '02
1254
1124114
1114
A-O
M-N
.
N YT&Jlex
St
W
1
I
.
125
J-J
St Law & Adiron lstg 5s. 1996 J. j
2U gold 6s
1996 A-O
St L, & Cairo See Mob & Ohio
-
Since
WJatvuary
'.
.
Sep '02
111
.
i
J-J
J-J
J-J
Range
STS
Last Sale
.
110°8
101
1941 J-J
Rutland 1st eon g 4 4s
Rut-Can adlstgug44s. 1949 J-J
1906
2d gold 6s Class C
1931
Geueral gold 6s
General gold 5s
1931
St L & S F RR cons g 4s. .'96
South w Div lstg 5s. .1947
Refunding g 4s
1951
K C Ft S & -M con g 6s. .1928
g4n
KCFtS&MRyref
L936
Registered
1936
St Louis So See Illinois Oni
1st g 4s bd etfs.1989
St L S
2d g4s me bond ctis...pl989
Trust Co ells
..1932
ConsolgoldJs...
Week's
Range or
Hid
Ask Low
Miylt Ao Low Jliifii,
1st an 5s red. 1933 M-N 105
1104 110 4
H & TClst sosnit SU..193 J-J 110*4.
110 1124
1 1 3 4 j'ne'02
Cousol g 6s in t guar. ..1912 A-O 108
11041144
Cen noiil 4s int guar. .1921 A-O
97
94
96 Sep '02
i'27 4
27 4 Fe .Mi
Waco<& X Wdiv 1st g6s'30 M-N
1344-1
i;;7
Morsau's La & T 1st 78.1918 A-O
122 Sen '02
1st sold 6a
1920 J-J 1214.
L234
102 Nov'97
112 34 Mar'00
See
Tus & H See Pert Marq
Sag
alt LakeC 1st gsf 6s. .1913
St Jo& Gr Isl 1st g 3-4a. .194
Price
Friday
October 3
High Southern Pac Co (Continued)
Lotv
ISO
1
LXXV.
fVoL.
N. Y.
Since
o
X
&
Pitts
or
Last Sale
Ask Low
Hid
Y See Y Cen
Pitts McKees
Pitts
L E 1st g 5s. ..1940 A-O
1943 J-J
1st cousol gold 5s
191 J-J
Pitts
West 1st g 4s
Co cerffs
J P
Pitts Y
Ash 1st con 58.192 M-N
Sh&
&
M&
&
Range
Friday
October 3
W
2(1
4
2
BON l)S
Range
Week's
Price
STOCK EXCHANGE
Si
Week Ending October 8
N. Y.
&
4
11
1
Bond Record— Concluded—Page 4
720
Roch
—
-
Pa
1st g 5s.
sold 3-4a
1943
5s
dl943
south
W.-st No Car See
Ry
West shore See N Y Cent
Gen
J'ne'02
K19-4 113
tfar'02
Apr '02
ins
May'02
Aug'02
108
10S
1094110*4
112
119
120
100
Sale
J-J Ill
g5s...l926 A O "115
* 11
Isl
.. 192s J-J
ten & Imp sold 5s... L930 F-A '111
1st cousol 4s
93
1949 M-S
Wilkes <V East
st
M
Sei
MAWil & Sioux
P
\v
no
40
MurOl
\
lst
i
W
Winona & S1 P Sei C & N
isCem 50-yr 1st sen 4s 19
<i
5
113
1
LS
'.IS'
11241144
113 115 4
pr'02
....
1124113
;
Sale
93
93=8
26
91
97 4
92
93
52
88
95
1044
104 34
J-J
92 4 s «le
Adams Ex col tr s4s
1948
914100
914 Am l>k& Imp 5s See Cent X J
80
w
Amsscoof
\
58....
1920
82
g
83
B'kl'n l'eir\i o st eons s 5s Us
"69*
StYa
rc
g5s.l916
64%
8
65*a 654 Del M a M id gr incomes.. 191
M-S
104 34 Sale
%\
11
:
100-
Wheel DiV
19
L03
119
100
114 4-1
VaCei
Wheel'sA L E
"89*i
J
A
Nov
MISCELLANEOUS HON US— Concluded.
A Industrial
1st sfg6s.. 1919
is st g6s.. 191 5
Miscellaneous
rtlniiiitueturins
Am liiileA,
m Spirits
Am Thread
\
Xj
M
!
M-S
M-S
96'e
1st col tr 4s... 1919 J-J
S (Jar Co 1 st g 6s
Bar
3 -J
I' A
Cousol Tobacco 50-3
istered Is
1951 l'-A
Distill ofAmer coll tr g5s. 191
J-J
Gramercy Sug ls1 gold 68.1923 A-O
81
&
105
68
'
I'.llll J-J
Steel CO deb 5s
Non-conv deoen 5s
1913 A-O
Int Paper Co 1st Con g 68.1918 F-A
Knickerbocker
100
97*.
1074 110
45
.i
Jj
1
68 7B 29«
67*4
65
(Chicago)
1st sold 5s
192S A-O
Nat Starch Mfg Co Lstg6s L920 M-N
Nat St are h cos f dell 5s.. 1925 J-J
Stan Rope<& T lst s 6s.. .1946 K-A
1 n coin e
gold 5s
1946
U
Sale
97
1
111
9678
98
87 Sep'02
82 J'ne'02
4Mar'02
97
97
99*e Apr'Ol
99 Jan '99
100 May'02
107
107 4
"
..
86
98
loo
13 107
100
112
10
•No price Friday;
latest bid
MN
98
i
85
6SCS;ll,
1C
Sali
93
Aug'00
102
35
66
13
113
102
1
102
110*4
85
8
85
95
74
19
Csv
gold 5s
1
F-A
J-J
\
80
105
O
•
83*4
Sale
13
i
i
t
1
38
50
I
-
95*4
96
86*s
12
102
i
40
16
1
s-"'4
:64 "so" '\>iu
Feb '02
50
\
t
.n
Wa1
\v
;i;
20 year.. 1917 J-D
LP23 J-J
orka Ls1 6s 1906 M S
5
!
s i uba
'
W
s Red a Bel
o oon s 6s.
l-t
st
101
.
s6s.l93l
106
86
1
Sale
.
134 J'ly'00
86
86
1164
and asked, a Due Jan 6DueFeb cDai Mai d Due Apr jrDue J'ne h Due J'ly k Duo Aug p Due Nov
l
1014
79*4
-.1
A
^
Doch 10 c 1st g ts.. I'.c.i
J-J
Joseph sik ^ .Is
er CupplesStat'n* Prop
1
BO
100 34
m N
.1
\
103«8l07 4
-'
S('7gS
111
Mar'01
Mad Sq Garden 1st g ;>s.. L919 M-N
sen R -Is
M-N
Man Boh H A
Newp Xe Ship A- n D58dl990
St
In
La
t>l
100".;
I.
Ice
S LeathCosidebg6s..l913
Hoboken
i
M-N
814 89 34
3 112
g
Due Dec
.-.Option gale
——
.
OCTOBER
'
THE CHBONICLF.
4, 1902. J
Gas Securities
Indiana Nat & III Gas—
Volume of Business at Stock Exchanges
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
Stocks
Weelc ending
Oct 3
190-J
519,998
$48,762,300
1,038.572
97.05S.57:.
L196.680
Tuesday
974.497
489.585
880,277
Wednesday
Thursday
Par value
$500
shares, par..
BONUS
.+ 38.50H
804,000
22.002.000
Government bonds
RR. and mis. bonds
$22,844,500
$22,000
16,500
405,000
*3X,500
l to Oct
it
LI
218,673,233
23,489,425
$129,475
1,400
$20,000
$1,000,900
2,823,700
10,196.600
709.241. 750
$1,453,970
2,316,200
774,153,400
$713,066,350
$10,216,600
3
1901
2,590,035
141,641.909
5,099.609
f468.517.625 $254,851,500 $13,388,814,700
Stocks—N o. shares
Bank
281,(100
1(13.000
1902
1901
1902
Exchange
$777,923,570
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Weekending
Oct 3
1902
Saturday
..
Monday
...
Tuesday
..
Wednesday
Thursday...
Friday
Total....
Philadelphia
Boston
Listed
shares
Unlisted
Bond
shares
sales
Listed
shares
Bond
Unlisted
shares
sales
8,384
14,534
14,789
$29,000
27,400
81,710
24,000
130,820
42,000
18,868
29,778
46,434
66,584
33,969
47,682
14,775
$27,300
81,300
123,000
62,500
161,500
91,900
'4,440
$334,930
243,315
52,407
$547,500
6.033
22,289
20,792
16,351
10,542
12.579
5,207
15.918
88,586
15,0(18
100
Laclede Gas
loo
Preferred
Lafay'eGasl8t6s'24.M.N
LumfcWabVlst6s'25..J-H
2,841
7,432
5,337
16,204
5,818
Ask
Industrial ami miscel
Cons Hy Ltg&Refrig.lOO
49
75
106
Consol Rubber Tire. .100
Debenture 4s
Cons Storage BatterylOO
Continental Tobao deb 7s
104
20
101
94
110
Cramps'
Sh&Eu
1926. A-D
56
12
19*4
104
65
22 '4
85 34
30
SO
22
25
40
Electric Boat
8
81 Hi',.
50 135 113
Providence Gas
96
St Joseph Gas 5s 1937. J-J 8 94
93*2
StPaulGas Gen 5s'44M-S i 92
Syracuse Gas 5s 1946. J-J 4100 105
3S*4
37».
United (+as&Elec,NJ loo
89*4
89
100
Preferred
Telesr it Telephone
108
101
45
105
175
115
78
47
120
Bell Teleph of Buffalo 100
So Amer. ..100
Ches<fc Poto Teleph.. 100
J-J
5s 1909-29
100
Commercial Cable
Comnier Un Tel (NY). 25
<ic
Emp & Bay State Tel
•a
Dominion Securities. 100
60
100
111*2
104
46*2
107
184
84
100
Franklin
100
Goldifc Stock
4*2S, 1905
Hudson River Teleph 100 ib*8"
New Eng Telephone See Bosto
Northwestern Teleg. ..50 122
N Y & N J Telephone 100 al58
18
Riiihts
M-N 112
5s 1920
80
25
Pacific <fe Atlantic
Providence Telephone. 50 fas 112
96
Southern <fc Atlantic. .25
Tel Tel & Cable of Am 15
.
55
123
ill!"
Preferred
6
l*a
16
20
l07
70
22'-2
86
31
82
27
28
41
3»4
i
4>-_
14*2
1
i
14*4
48*2
l'i
15
50
63
06
100 100
Co coin. lor Bl25
LOO b125
103
loo
General Chemical
Preferred
Gorham Mfg
Ask'
5 78
BldglOO
1
Central
Hid
Crucible Steel
100
Preferred
LOO
Distil'gSecurit'snew(w l)
New 5s (when issued)..
100
Preferred
100
HIT'S 109*2
141*2 Electric Lead Reduc'n.50
Electric Vehicle
56
58
100
Preferred
LOO
5s 1948 See Stock Exeli list
ist
ostoil
Tran
Ii
Electro-Pne
urn'
ic
LO
See
C
Gas
<fe
New Eng
loo
22
19
Empire Steel
0<fc IndConNat<& IlllOO
Preferred
57
100
J-D
1st 6s 1920
(is
Newark Gas 6s 1944. Q-J
Newark Consul Gas. .100
5,000
January
Week ending Oct 3
Sales at
Keie York Stock
70
Indianapolis Gas stock 50
M-N 105
1st 6s 1920
75
oO
Jackson Gas Co
A-O 8102
5s g 1937
100
12
Kansas City Gas
A.-0 100
5s 1922
Madison Gas
$10,000
$22,002,000 $804,000
5,099,609 $468,517,625
Total
Bonds
289,500
4.062.000
4,345,500
3,586,500
3,389,500
4,329.000
111,568,750
85.324.70U
45,227,000
80,576,300
O S
Bonds
State
d-c
Bonds
Par value
Shares
Monday
Jiailroad
Bid
M-N
1st 6s 1908
AND YEARLY
DAILY. WEEKLY'
721
Greene Consol Copper.lo
26*2
t
20**
Guggenheim Explorati'n 150 160
6
HackensackMeadowslon
L29
Hall Signal Co
100 122
18*2 20
Havana Commercial. 100
Preferred
100
Havana Tobacco Co (w
i;
Preferred (w i)
Hecker-Jones-Jew'l SI ill
M-s
1st 6s 1922
H erring- Hal 1-MarvinlOo
60
62
49
66
51
96
100
2
3
40
10
1st preferred
...100
35
2d preferred
loo
luiploo
5
Hoboken Land &
5s 1910
72
105
106
M-N
n list Houston Oil
loo
126
Preferred
100
163
Interboro R T (full paid)
20
40 °o paid
115* Internat'lBankingColOO
85
100
International Salt
19
71
102*2 LOS
110
195
9*2
40
Istg5sl951
115
20C>
10
15
102
Intern't'lSilv 6s '48. J-D
100*2 101
7
John B Stetson com. .100
150
140
'3
100
Electric Companies
Lanston Monotype
20 t 11*2 12
175
Lawyers Mort lnsur.100 290 300
Chicago Edison Co. ..100
Exch
Lawyers' Title Ins. ..100 400 420
Edison El 111 Brk 4s N Y Stock
m
Lorillard (P)pref
100 125
Hartford (Ct) Elec Lt 100 200
14
19
Madison Sq Garden. .100
KingsCo ElecL&PColOo 206
M-N 55
2d 6s 1919
Narragan (Prov) El Co 50 t*108
NY & Q El LifcPowColOO 42 43 Manhattan Transit 20 76*2 77*«4
81
Construe.
pf
100
100
80
Mex
Nat
Preferred
7
...
Monongahela R Coal. .50 1
8
Rholsl Elec Pro tec ColOO *125
17*2 18
Preferred
50 t 40*2 40»4
United Electricof N J100
102*3
70', Mosler Safe Co
J-D
70
100
48 1929
20
9
100
National Bread
92*3
Ferry Companies
100
Preferred
32 *2t
32
17
15
National Carbon
100
Brooklyn Ferry stocklOO
aJ,
3
99
10U
115
100
Preferred
4
1st 6s 1911. J-J 113
37-4
39
list,
Exch
Em*#«g
Stamp
100
Nat
&
Con 5s 1948 See Stock
88
92
100
108 110
Preferred
Metropolitan Ferry 5s..
National Surety
100 140 150
N Y & E R Ferry stk.100 82
6*4
6
95
M-N 8 94
NewBrunsCannelCoal 10
1st 5s 1922
33
38
20
N Y & Hoboken stk.100 70 72 New Central Coal
28
Hob Fy 1st 5s 1946 M-N 8112*5 114 New Eng Consol Ice. 100 27
<»
87
J-D 4 86
New Eng Transpor..lOO
h
Con 5s 1946
N Y& N J 1st 5s 1946..I-J 102 105 N Y Biscuit 6s 1911. M-s 114 116
65
N Y Mtge & Security.100 120 130
10th & 23d Sts Ferry 100
Lbs'
100
New York Dock
1st mort 5s 1919.. .J-D 8105
43
42
100
Preferred
Union Ferry stock.. .100
97
M-N 4 96
N Y Realty Corp
100 188 192
1st 5s 1920
13\ 13*8
..20
t
N Y Transportation.
Kailroail
Nicholson File Co
100 .elol
5
95
92
Chic Ind & Lou gu 4s ( w it
Nor AniLum'r&PulplOO
SI
8*2
Chic Peo it st L prel. 100
Ontario Silver
100
12*s 14
43
44
108
loo
Prior lien g 4 *as'3< IM & S 4106
Otis Elevator com
103
100 101
Con intg g 5s 1930. J&J
99 101
Preferred
34
50 t 31*s 31 *s
Income 5s 1930
31
Pittsburg Brewing
50 t 4734 48 *a
ChR I <SsPcolltr48 (wi) 88*4 88*2 Preferred
30^
58*4 59 *2 Pittsburg Coal
loo
Ruck Island (when is.)
91*2
100
New pref (wh issued) 84*4 84*2 Preferred
„
50
Denver* South'n ...100
Pitts Plate Glass
100 143
„_
98
Northern Securities.. 100 110*2 111* Pratt <fe Whitu pref. .100
338
341
100
Procter & Gamble
Ore Short L 4s w l SeeStk Exch list,
37
100 202 205
Pitts Bess&
Preferred
50
36
80
Preferred
50 f 74
Royal BakPowd pref. 100 104 106
63
25 t 61
Russell & Erwin
Industrial and Miscel
180
safety Car Heat& Lt loo 175
2*2
103
Mining
5
Acker Mer & Condit
100
Seminole
f
6s
Alliance Realty
125
100 120
Simmons Hardw com loo 155 - ....*
59
Amer Bank Note Co.. .50 t 57
Preferred
100 135
3
12'.
100 141 143
12 4
American Can com. ..100
2d preferred
52*2 Singer Mfg Co
100 280 300
Preferred
52
100
7*2
9
American Chicle Co.. 100 132
Standard Milling Co. 100
32
30
100
Preferred
94
98
Preferred
loo
3
81
79
American Elevated.
1
5s
4
Amer Graphophone...lO t 5*s 6 Standard Oil of N J. .100 660 670
35
30
Preferred
Standard Coupler com 100
9
10 f
8«s
100 130
Amer Hide & Lea SeeStk Exch list
Preferred
1'*
l'f
Amer Press Assoc'n.100 95 100 Storage Power
50
American Screw
78
Swift <fe Co See Boston St k Exc u'ge
100
102
Amer Shipbuilding. ..100 59
1st 5s 1910-1911. ...J-J 4101
60
17
25 f 16
Preferred
108
Tennessee Copper
100 105
90
Am Soda Foun com.. 100
6
4
Texas & Pacific Coal. 100
110
1st preferred
65
70
A-O. 4106
1st 6s 1908
100
2d preferred
14
100
17
Title Guar & Trust. ..100 775
160
IS 5
American Surety
Title Ins Co of N Y..100 150
50 175
Am StrawboardreotslOO 47 49 TrentonPotteries com loo 20 22
112
Bonds 6s
Preferred tr ctfs
100 105
F-A 100
7.5
Amer Tobacco com... 50 310 320 Trow Directory new. .100 70
278
3
Preferred
loo 145'j 146
10 t
Union Copper
Am Typefo'rs com.. .100 - 43 46 Union Steel & Chain. 100 20 33
50
40
Preferred
Preferred
LOO
loo
98 102
Amer Writing Paper. 100
6*4
6*2 Union Switch & Signal-50
109
24*2
Preferred
Preferred
50 106
100
24
79*2
5s 1919
79
Union Typewr com. .loo 129 L31
J-J
] 32
1st preferred
Barney & Sm Car
100 131
22
100
100 130
Preferred
2d preferred
100 128"
Bliss Company com
100
14*a 16
U S Cotton Duck
50 145
20
12
Preferred
145
U s Envelope com. ..loo
50 140
77
74
100
Bond&MtgGuar newlOO 390
Preferred
3 ,>
34
Borden's Cond Milk.. 100 121
U S Realty & Con (v,
77
76*2
Preferred(when iasui
Preferred
109
100 107
34
Brit colum Cop See Bost Stock Exch U s ReductifcRenniE
t
*-)
loo t
57*a
Preferred
Camden Land
20 t
s
22 *t»
Celluloid Co
U S Shipbuild'g (wh iss). 21
loo 115
61
59
issued)
Preferred(\vlien
Cent Fireworks com. 100
20
22
91
91
pd)
Preferred
5s
62
67
(75%
..100
Central Foundry
U S Silver Corp 6s (w i) tloo> 100*loo
2%
98*2:
98
V s Steel Corp 5s (w!i iss)
Preferred
13
loo
12
ColtrosSerB&Dll'.'.l 113 115
Ciiesebrough Mfg Co 100 450 470
i>
3
Clatliu(H B) 1st pref loo 100
1021 I'm versa Tobacco... 100
33
25
Preferred
2d preferred
106
LOO 102
100
37
38
Coke.
Common
Va Iron Coal <fc
98 101
LOO
78
77
M-S
5s 1949 ctfs
Col & Hock Coal& I pf 100
65
60
3S
100
34
Vulcan Detinning
1st g 5s 1917
J-J
81
82
100
Preferred
4
Compressed Air Co... loo
3't
ilsl
Brake.
Air
.50
Westing]]
60
65
Consolid car Heating 100
16*2 18
White Knob Mining. 100
20
Consol Firew'ks oo in. 100
10
Worthing Pump pref. 100 125 128
Preferred
55
100
Preferred
U
Outside Securities
A
Weekly Review
ol
Outside Market will be found on a preceding page.
Street Itailways
Bid
A sic
NEW YORK CITY
33
35
F
stk
100
Bleeck St & Ful
102
J-J 101
1st mort 4s 1950
B'wuy & 7th Ave stk. 100 248 251
lstiuort 5s 1904. ..J-D 1001-2 101*4
J-J
107 *2 109
2d molt 58 1914
Con 5s 1943 See Stock Exch list
B'way suit 1st 5s gu 1924 }112 114
2d 5s iut as rental 1905 4101 102
65 275
Cent'l Cros^yirnslk.lOO
M-N 8123 126
IstM 6s 1922
Riv stk 100 210 220
Cen
J-D 100 \ 101
Consol 7s 1902
190
10th
St stk 100 185
t'r<fc
Chris
CoLfc 9th Ave 5s See Stock Exch list
Bat stk 100 120 130
Dry D a.
1st gold 5s 1932. ..J-D 113*2 116*2
F-A 103 104*2
1914
Scrip 5s
Eighth Avenue stock 100 400 415
F-A 105 109
Scrip 6s 1914
42d& Gr St Ferry stk 100 410 415
42d St
& St N Ave 100 70 75
112
1st mort 6s 1910. ..M-S 111
99
101
2d income 6s 19 15.. J -J
list
Lex Av & Pav F 5s See St k Exc
Metropol Securities See Stk E x. list
Metropol street Ry See Stk E x bst
205
Nintli Avenue stock. luo 190
Second Avenue stocklOO 217 218
1st mort 5s 1909. .M-N 4105*4 106
F-A JUS 119
Consol 5s 1948
180
Sixth Avenue stock. .100 175
Sou Boulev 5s 1945. .J-J 8111 113
So For 1st 5s 1919. ..A-O 8108 110
Third Avenue See Stock Exch list
Tarry VV P & M 5s 192b IDS 110
YkersSIRR 5s 1U40A-O 111 112
114*2
28th & 29th Sts 1st 5s '96 8113
Twenty-Third st stk. loo 408 415
DeO 5s 1906
J-J
102
106
Union Ry 1st 5s 1942 F-A IIS 119
Westchest 1st 5s '43 J-J 113*4 114*2
PkN&E
B&
M
'-2
BROOKLYN
Allan
Ave
5s 1909. .A-0 5103
A-O 113
g 1931
5s See Slock Exc h list
E 5s 1933. .A-O 102
106
Con 58
Impt
B B iV; W
104
Brooklyn City storlc.lu 247 *2 248
Con 5s See stuck Exeh list
Bkin Crosstn :>s 1908.J-J 104 107
Bkn It iMs 1st 5s 1941 A-O 105 108
BkluyCo* Sub
See Stk
See Stk
Exch
Exch
Bklyn Rap Iran
Coney Island <& Bklynluu 360
list
list
Street Railways
Bid
Grand Rapids
Ry....lOt)
50
95
Preferred
100
Indianapolis St Ry S-te Phila
23
J C Hob& Paterson.,100
4sgNovl 1949. ..M-N 80
10*4
Lake St (Chic) El stk.100
J-J §101
1st 5s 1928
Louis v St Ry 5s 1930 i& J ai7
Lynu& Bos 1st 5s '24. J-D 4
MinneapSt Ry5s See Stk Exch
16*4
NewOrl Rys Co
100
loo
Preferred
54
4*28 1952..
J-J 882
North Chic Str stock. 100 180
J-J 4
1st 58 1909
34
North Jersey St stocklOO
M-N 86
4s 1948
Pat Ry con 6s 1931. .J-D 8128
2d 6s 1914
A-O 4100
70
Rochester Ry
100
100 100
Preferred
Con 5s 1930
A-O HH*2
J-D 4106
2d 5s 1933
So Side El (Chic) stk.100 110
Syracuse Rap Tr 5s 1946 102
Toledo Rys & Light See Stk E
28*2
Unit Rys (St L Trans) 100
82
Preferred
100
J-J 8 85*2
Gen 4s 1934
Unit Rys San Fran sulis. 11 47
Common (when issued) 22
62*4
Preferred ( when issued)
90
4s 1927
95
100
West Chicago St
Cong 5s 1936
M-N 4 99
Ask
53
100
list
24
81
1034
117 V,
118
list
10*2
56
85
ISO
34'-?
132
Union Gas 1st as
Con Gas (N Y) stock N Y
EquitGascon5sl932 See
Mutual Gas
100
New Amsterdam Gas—
4109
Stock
Stk E
320
1st consol 5s 1948. .J-J 4110
N Y G EL H&P See Stock
N Y & East River Gas—
1st 5s 1944
Consoles 1945
Nor Un
Exch
4113
4109
108
100 130
100 150
J-J
J-J
1st 5s 1927. M-N
Standard Gas com
Preferred
1st 5s 1930
M-N
102
112'..
108
111
104
x list
29*2
82 "h
86*a
4S*2
22*11
62*2
91
953j
100
111
Exc
x list
335
112
list
114
112
109' 4
1
10
160
4115*2 118*2
OTHER CITIES
400
101
101
115
103
105
Amer
103
116
'-2
<
LE
I
I
.
. .
1
41
43
Light & Tract. 100
91
100
94
Preferred
Brk C & N 5s L939.JJ
Baltimore Consolldat See Bait list
3
GrSt&New lst5s'00 F-A
1*2
1 6
Bay State Gas
50
Gr'pt &Lo rimer st 1st 6s
ibT Blnghamton Gas 5s 1938 8 92*2 95
Kings Co. ElevatedBoston United Gas bunds Bosto n list
lsl 4s 1949 See Stock Exch list
10*2 11
Buffalo City ;as stock 00
Nassau Elec pref
loo
79*2 81
83 ' 85
A-O
1st 5s 1947
5s 1941
A-O 113 115
Exch
list
Chicago Gas See N Y s k
1st 4s L951
!-J
99»4 100
89
88
Cincinnati Gas ifcEleclOO
\\ b'g<ft Plat 1st 6x4*28.
105
106
Col GasL.fi; Heat coin loo 107
109
Stein way 1st 6s 1922. J -J 4117*2 119*2
Preferred
100 10 8 ^ 107*2
Col Gas 1st 5s 1932 J-J 8107
OTIILR cities
Consol Gas (N J) stk.100
17
19
Buffalo Street Ry—
89
1st 5s 1936
J-J
91
consul
5s
1st
1931. .F-A 2114
114*2 Consum Gas (J City)
Deb 6s 1917
A.o 5106*2
1st 6s 1904
M->; 4102*2 104
Chicago City Ry stk. 100 215 220
Detroit City Gas
86
50 [.....
Clue UnionTrao SeeSt'ck Exch list
Essex & Hudson Gas 100
35
35 *2
Cleveland City Ry
100
115
Kurt Wavue 6s 1925. -J-J
56
Cleveland Electr Ry.loo a;84
92
Gas* Elec BergenCo loo
Columbus (O) St Ry..l00
56
60
Grand Rapids Gas
Preferred
100 107 109
1st 5s 1915
F-A 4102 105
Coluin Ry con 5s See Ph ila list
Hartford (Ct) Gas L...25
52
Crosst'wn 1st 5s '33. J-D 4109
111
Hudson Co Gas
loo
40 ta 41 *a
Detroit United Ry.sv, stk Exch list
5s g 1949
M-N 4104*4 104*2
8 Buyer pays accrued interest.
t Price per share.
4 Sale price.
^|
L903
J-.J
oserttsiudbt 1903. .J-J
lsi 58
1
;
Gas Securities
NEW YORK
Cent.
NY&B
1
I
I
'
1
1
I
it
J
I
Ex stock,
a
Ex
rights.
H
'
%
1
BOSTON STOCK EXOH&TOE-Stock
Monday
Sept.
Wednesday
Tuesday
30
29
Sept.
Oct.
STOCKS
Thursday
1
Oct.
Friday
2
Oct.
Sales
BOSTON STOCK
oj
Range Since January
Range
ror Previoui
Year (1901)
1
1902
the
Week
EXCHANGE
3
.
Weekly and Yearly
Record, Daily,
Share Prices— Not Per Centum Prices
Saturday
Sept. 27
7
1
1
Lowest
Shareh
Highest
Lowest
Highest
KiiiironcU
101)
Id!
89%
90% 91% 90% 91%
88% 91
102% 102% 100%
100%101% 101% 102
258
87% 90 34
91% 92%
100 %102%
1,
258
258
157%157% 156
157
155
•244
196
2 15
244
302% 302 % 300
•154% 156
300
258
*243
197
'258
245
197
1964i •194
12liS>
*199
200
126
'199
160
142
36
36 Hi
96 •a 96 Hj
«25Hi 26 H>
230 232
27%
»
•230
232
210
210
*80% 82%
1
259
156
156%
% 244% 243
I
199
195
195
SOO" 305" *300
SOS"
155
153
125
200
Last Sale
305
155
126
125
l'g'y"'
*162
81
87
157
245
199
J'ly„'02
'300
155
305
153
153
125
Top & Sauta FelOO 19,227 74% Jan 27
Do pref
100 3,618 95%Marl2
Boston & Albany
282 258 Sep 27
100
Boston Elevated
523 Zl50 Aug29
100
Boston* Lowell
13 236 J'nel3
100
Boston & Maine
115 191 Jan 2
100
Do pref
100
172 Jan 13
Boston & Providence 101
13 297%J'ne20
(Jliic June Ky & U s V 01
270 150 Sep 30
Atcli
1
Do
Aug'02
162
*210 211
'20914210 '209% 211
210
80
80
81
8L
81 H. •81% 82%
«85
85
85
87
85
85
Last Sale 75
•73
75
«
+
*
85
84
85
84
210
210
80
2
Last Sale V.vs
J'ly'02
142% 142% '142% 145
142% 142 hi 142 142
Latt Sale 2 76'% Aug'02
36
35% 36
36
36% 36% 36% 36
96%
96% 96% 96% 96% 96% 96% •96
Last Sale 26% Sep '02
•26% 27%
232" 232" 232 232
232
232
230 232
Last Sale 171hi May'02
Last Sale 235
Aug'02
142 -j. 142 V,
36% 37
96% 96%
245
195
153
126% 125% 126% 125
+199
•199
200
200
'160
160 *100
'
260
259
156
260
155% 15.6
240
195
Last Sale 177
•300
150
155
*
*
259
261
156 Hi
244
196
91%
102
260
211
81
10U
Con & Mont Class 4.. 100
Conn <fe Pass Riv pre* 100
Connecticut River. ..loo
Fitcliburg pref
loo
Maine Central
100
Mass Electric Cos
100
Do pref
loO
Mexican Central
100
NY
<fe Hart.... 100
Northern N
100
Norwich & Wor pref 1 00
Old Colony
100
Pere Marquette
100
06
pref
NH
in
'"79
2.79a
275
366
H
7o
455
1
o
:
a
120
169
15 %
8-4
28 '2
124
118
166
15
120
170
15»,
7 'J
128
69 % 70 %
*7% 8
*275
•180
•184
*2%
*110%
280
192
2*4
4*8
*240
37
242
147% 151
*29
7*,
188
87 Hi
4i»i«
139 H;
37
236
31%
hi
13 34
14% 14%
89
1.26% 127 '4
120
167 %
119
167
"14*4
15
-90
39
87 34
29%
100
29 ht
100
99'-.
107
•20
2%
65
*
06
2hi
•11
13
•25 % 26 Hi
•4 34
5
••50
1
•26 hi....
•30
5
6
•540
550
••05
....
*16%
17
50
+2
37
240
157%
•29
27
30
«
2% 8
"2 hi
10
•13
16
•1=4
•11
46
5%
*2%
•1
«2l2
50
135
3
10
Sa
14
2
L2
46
19%
'-'V
*4%
2 "a
*1%
2>a
1%
28
100
111
115
28
•98
108
108
40%
90%
28
'100
109%
Last
Last
9%
172 "172
•95
11
•27
m
*r>
6
545
540
545
545
05
....
05
t
L5% 10 J4
-7
'4
•70
3
5*4
J
%
;,
56
50
126
•116
1(1
Hj
3%
13
46
5%
Hi
3
*1
::
•1
2
2%
2
16% 10%
17
58
'57
26
26
Hi
4%
1%
1 34
128 130
•2% 3
80
•4
59
*1
9%
9
4%
•127
172
2%
1%
11
31
4.1g
1%
9%
6
545
16% "16%
57
50
Am
•75
I
e
127%
2%
10
3H
13
i"-c
J'ly
J'ne
'-May
13% Jan
201 Feb 217% J 'ne
163 Jan 173 Nov
2*.
.
1
Jan 231 J'ue
Jan 21 '-Apr
Jan 95 Xov
Jan 89 Xov
Jan 120 Deo
223
205
30
70
87
42
98
•_'
Aug
61
'ne 108
.
78%. J an
Dec
Dec
13L"-.May
99 May
N o\ 173% Aug
J.
Jan
82
32%J'ly29
Oct
20
79
Dec
3% Jan
34% J'ne
91
11
J'ne
9% May22
37% May22 28
135%Mar31 103
Aug 33
Jan
123
Dec 130
Jan 182
91
J'ly 29
Sep
.
Mar
Dec 152% J'ne
112
185% Apr 4 151
17% Jan 7 14
4
Oct
J'ly
May
21% Jan
'.J
8
6'
5%
3
1%
"a
18
59
26
4%
130
2»ie
1%
5%
2%
-1
2 Hi
17
•16 4
57% 57%
•26
*4%
'129
2%
26
2%
1%
•1%
9H
9^
9>4
170
100
10% 11
•95
170
t
10
165
17
25%
4%
2%
2
Hz
•1%
Sa'le •SO
10
168
21%
14% 4»4
20%
20%
1
5
Hi
4% e
21
14
21%
14%
20% 20 Hi
*5% 6
4
4
58
58
•57
58
1
1
'1
1%
La
100
s
i .>
a
I
'1
162
21%
14%
20%
5%
3 34
58
'1
60
1
iBeiorepay'tofaasess'tsealledduriuglOOl.
1
59
*1
59
1%
2
1,1
8
\pi
l''elr_>S
\|,i
3
in
.I.111
<
1
K.V1Y1
1
30
'
Michigan
47% Moliawk
25
25
5% yiontanaCoalACoke 25
5
Boston..
Montreal
A
3
25
Sep '02 N'iitional
2h. >id Colony
25
17 Old Dominion (Cop).. 26
25
Osceola
59
26
Parrott (SilvA Oopp) in
3
25
4 4 Phoenix Consol
25
Quinoy
l
7
f
9
'i
170
Rhode Island
26
Shannon
Tamarack
recumseh
Trimountain
10
26
25
25
25
100
(Gold) trro4'85
21
6
Victoria
•1
•58
60
vviih erlne
1
1
1
tan
4% Wi
.
..n
a
Wyandot
U Before pay'tolassess'ts called during 1902.
26
25
26
8
Dec
50o
24% Dec
15% Jan
Jan
1
5
% May
%Oot
28
MarlO
in
7
s'.,
.May 3
Aug
25
Apr21
2
Jan 8
[% Dee
l%Jan
Sep
43% Mat
18%
54
i
2% J'ly
2
Dec
1.1
J'ly
-
16% Sep
5
56
2
1
it" Dec
28
32
1
\u--js
].->>,
2%J'lyl7
3
500
ll%May20
15%Srp 26
l?aSep 29
Jan 6
170 d'.i Jan 16
9,346 r/27 Jan 1
25
21
':
3%
3
I
,«i:;',
Pen
1
Feb
Ma)
MarlO
25
Feb
216 55 Augl9
233 24»4 Apt 30
815
3% Feb27
30 125 Api 9
34
Feb
J'ly 25
1%,1'iiel i
17
1 %si p
1
I
% MarlO
1
1
17
u
.
Mm
:
1
3
Feb
1
50
-Marl 7
760
273 165
10 •50
Aug28
18
May22
'863
dS4
4,105
1
p
6
11
30
1
1
Sep SO
19% J'ly
Feb
.1
1
nils
2
Sep 24
13%, In
1
930
505
281
10%S'
27
14
18'-'.Miii
S
J'ly 18
22>.S,-p
9
J'ly 24
27% Feb
1
4%„J'uol(> dOU MarlO
6
Anglo
1,460 ril Jan 14
100 42 Jan 14 61% Sep 15
1 % J'ly 30
70 75 Jan 21
"Bid and asked prices.
II
Feb
13% Jan
4 Apr
13
Dec"
:>:,h]
1
leo
8% )et
56% May
(
Aug
6
Jan
65% Feb
b22 Jan
4 Feb
20
Sep
1% Dec
New stock.
56% Sep
7 Jan
5% Deo
4% Aug
Jan
Aug
5% Oct
20 % Dec 38»4 Mar
72 Deo 120 Sep
Die 58 Apr
27
M.i.
8% Sep
125
Dec 187 Apr
Feb
10
Dec
50)
:;
:
1
II
Feb
3% Mar
i
1
lan 27
Jan
Jan
Sep
43% Aug
1% Mar
7% Jan
23% Jan
860 Mar
22% Apr
34% May
1
I
50
'.'
43
4
1
Sep 29
Sep 26
5
Apr
Apr
21% Mar
5% Mar
53
-Mil
2
16
i
J'ne
18
Jan
Jan 31
i
Sep
56% Aug
Jan 37% Sep
l%J'ue
5% Oct
Jan 26
225
33
Nov 41 J'ne
May 63% Dec
Jan 120 Deo
7 Mar
Dec
Dec 26 Mar
18% Deo
1
3
737
i<,
1
1% J'ly 22
1
1
.i.in
t'i',s,.p 9
.
" t
6
Mill in
>i
L.880
Dee
Dee
l%Nov
s
\prl2
17
I
in
Deo
l%Feb
J'ly 26
1
Jan
91
5
Feb
Dee
29
3% Dec
•.1
6
1. 11
11
89% Dec
129% J'ne
_•:;
650
Api
1,605
1,851
Jan
Jan
Xov
bl%Oct
114%.I inJ.i 119 Jan 23 108
."i%.Mar
15n
l%.liin 16
Vsaliel (Cold).
SiLiilii
',
Jan l-i
Jan 2d
1
220
Santa Fe(Gold<S Cop
\ i-i
•
54
00
011
536
12
17
1,030
1,025
Mai
J'ly21 i%o
13% Oct 34 Jan
Dec 82% Jau
33 May 54% Apr
86%J'iy 101% May
1»4 Feb
% Oct
46
Jan 20
2,96:
V2'j'dr>
,liin;;i
1
Jan
•12
10
silver)
1
2H
'.»
i26
Hecla
>v-
iit.ilpii
14
May
Mar
Aug
May
Mar
Mar
May 16% May
83% Aug
9
74
8
ly 11
5
Oct
Jan
Sep 137
30% Feu 48>oNoV
23% Jan 30 Sep
1
Jan 31
Marin
35
.
Nov
2
73
-.>
5%Sep
Calumet
1
•5%
78% Feb
2
Sep '02 United topper
21%
21% U S Mining v trctfs. 25
Unit States Coal &O1] 26
15
14%
21
4% Mar
Mai'25
J.an
Trinity
i7
Jai:14
All Hi 8
in
2
Sep '02
95
i
150
1
(
10% 10%
10% 10%
Last Sale
21-<4
21% 21%
15%
15% 16%
21
20% 20
•5% 6
4
4%
3%
18
235
Bonanza i>«-v !o
Apr '02 Boston (Quicksilver)
Sep '02 Biiti.-sh Colnm i.t'i).
A pr '02
9
e
1,380
5,292
\pr21
1
57
.>
S
10
•72'Marll
26% Marl]
111
Peb28 106% Apr 4
86% Jan 11 115% Apr 9
89 Jan 29 117 Apr 9
ran 17
1% Jan 27
20%
M InJ
11
47%
5%
130
11
51
260
ton
(
17% Centennial
-10
5
%
2
2
'248
S
29% Bingham
i
58
26
128
130
1,380
'
Mav
<
17%
•4%
5
6,643
Jan 23
J'ne'02
5% 5%
2% 2%
2%
3
1% Last Sale 2%
•2
2*4
2% *2
-17
'57
26
Jan 2
36%J'nel9
87%J'nel9
J a n 17
.
11
47»4
% J an 25
57% May 1
33% Apr 28
15% Se)i 22
91% Sep 22
19% Oct 2
62 % Mar25
46% Jan 7
97% Jan 7
1-12% Apr 16
33% Apr 4
22
1
"10
47
13
49
Sep 22
58U
540
17
6
17 34
26n
46
29
2% MarlO
117
9% -Mm 27 16% J
Atlantic
26
'4
L
Jan 2
Jan 2
11% Jan 25
50 80% Jan 22
922
194
1,650
Jan 225
5% Oct
9
Jan 9 177 J'ly 28 100 Dee 110
M av 1 27 Jan 2 25% Dec 29
Jan 23 29% Sep 17 27 Jan 29
l%Augl5
85% Jan 8
i
530
17
17
L a s I Sale
1
11
4,473
10
J'ly21 198
9% J'ly 18
50
•60
2 '32
•65
26 %
28
i'
41% Sep
250
Jan 23
2
Arcadian
Arnold
.">
Sale 10
J'ly 22
Jan 7
6
6
1,354 loo
sin.
:
1%
2
it
Anaconda
.
5
540
54.)
/. a 1
1
Zinc Lead
1
•95
20»4
4
Amalgamated
28
25
lopperlOO
Sep '02 Central oil
25
60 7%
Cochin It Co rects.. 10
2
2%2 "2'iss ""21'm '011^ m eronx niid...
2%2
Last Sate 17
S(
OS tontinental Zinc
.VJ
67
56% 57
opper BangeOon lolOO
58
50
50%
50 % 50%
20
50
50 Daly. West
133
130 131
100
l:<5
135% Dominion loal
Last Sale in,
'116 ....
pret
100
I).,
Sep '02
*-% 6
-2% 3
-2%
12
Elm River
3
10
•9% 10
10
Kiiinklin
25
3% 3%
3% 3% "3% ""::' Guanajuato Consol..
•13% 14
*13% 14
13 H
isle Boyale (Copper). 25
14
'15% 16
15% 15
15' Mass lonsol
25
-1% 2
•1% 2
- 1
.Mayflower
2
%
Last Sale 4
(Gold)
16
Merced
Jan '02
165
165
100
11
5%
\.,v
May
Apr
Xov
.111
99 Apr
Marl8 92 % Ji__
J'nel6 110 Jan 118% Apr
34% J'ly 29 17 Feb 24% Apr
55% Sep 4 40% Dec 48 J'ne
152%Mayl2 150 Aug 155 Aug
10
2
•30
59
'4
•75
-•72
1
Amer Gold Dred
1
"25%
29%
'29% 30 H
Last
Last S a
3
"•&"
10% 10% •10
45
45%
46%
11
29%
<7
8
15% 15%
1%
1
29
5%
Apr
-
1
J'ly 14 172
24
i'
2%
3
•95
•20% 21
286
J'ne
:
Jan 148
Jan 173
Jan 45
77% Jan 16
Aug26
94%Aug29
30
860
•50
26
25
'
30
2
Mining
A 'hint me Con
Allotiez
:,
1
1
'•70
100
21% 21%
14% 15
.
I
1
•25
29
110
21
1
'4
05
25
30
80
Comp newrectslOO
fleece Buttcniioie..
,
•80
3
6
10
170
Plant
1
L
in..
21 Jan 16
255 81%Jan 2
694
4 Jan 21
35 •J! J'uel9
8,156 116% Jan 6
228 1 15 Jan 4
3,258 155 Mar 1
1,120 13 A pi 23
948 73 Apr 24
Pullman Co
100
10
Swift <fc Co
100
I
Torrington Class A... 25
Do pref
25
I'nionCopL'difc M:.'. 25
United Bruit
100
United Shoe Maoh... 2
Do pref
25
U 8 Leather
100
Do pre!
100
18», U S Rubber
18%
100
Sale 59
loo
Sep '02
Do pref
40 H
10
ion
lO'l U S Steel Corp
90% 89%
90"
Do pref
100
Sal 6V
Sep '02 Wesl End Land
25
28
27%
28Hi West Telep & Teleg.100
101
100
Do pre!
LOO
100H
109% •109
110 Westing El <v- MIg... 50
,~iale lOOhi Sep '02
Do pre!
50
.sale 2%
Jan '02 Wollaaton Land
5
19 H
3
2% 2
68
26
Last
Last
-90
30
3% 3%
13% 13%
I
130
90
90
30
*2%
5
35
240
,
10
3
35
"235
'-
8
11
45
37
]'
4«4
50
130
3
lhi
3
16%
56% 58
•125
65H
2H
50
129
116
6%
16''4
•26
•2%
'54% 57%
1
4
•14%
238
238
40% 41%
"50
16%
'
:
lit
884
18% 18 34
IS 3
2% 2 34
2% 2%
61
66 Hi
66% 65% 66 V
65 3
5
2%
2% Last ^n
Sep'O!
2%
13
L a s t Sale 12
*li" 13
02
S(
25
25 %
25% 25 H •25% 26%
20 H
4i%
*4'o
4
"
4% 4H
4
4%
43
6
4%
••50
••50
•65
19 %
"05
16% "l8 a4
2
168
37
240
l
28
100
110
112
25 \
540
.Jan
'
-90
108
1
"'5"
."in
Last Sale y
Se^'OS
158 158
159 160
155
155
Last
S
a
27
Sep '02
?6 %
Last Sale 2.1
"29
30
Sep '02
-2% 2% Last sale 2
Sep '02
110% 111 4 111% U2H 112
113
54% 54% 54% 54% 54%
51%
31% 31%
31
31
14'
14% 14%
14%
53 Hi 54
31
31H
13% 13 34
28
100
108
3
4%
*-70
!19
167'H
•14% 15
•9
39% 40
88 % 89%
100
*-50
25
160
276
139
166
24
307
162
135
200
165
.
37
'235
*9
156
'
1J
JO
*2«
120
Amer Agricul Chew. 100
85
Do pref
100
8 Amer Pneu Serv
50
28
Do pref
126'. Awer Sugar Relin
Ion
120
Do pref
100
168 Amer Telep •& Teleg.100
15
Amer Woolen
100
78^
Do pref
10(
i
-GO
"57" "57 h,
50
»133
•116
k
198
Jan
Jan
Jan
Jan
Apr
Apr
Apr
Apr
(t I
2%
"2's
110% 112%
89
"7
*5
•
H;
126
113
178
99
117
Mav
t:;'-_
*
40
Hi
30% •29%
*-72i2 -80
3
•
•2
63
2hi
I
)'iy
i
89%
19% 20
20%
Dec 200
Feb 176
i
31 %
14
108
112
*107
J'ly 30
J'ly 248
189
168
297
:
•
160
27
30
28
28
91
125% Apt 23
90 Mayl3
110 Marll
L59 %j Jan 190
238
:
234
-90
*
8
80
80
-4
4H
19 >4
40 '4 40 %
89% 89 >s
85
126% 125%
126
119
167
'.1
90-. J'ne
May 107% May
Jan 265 Apr
as78 34 78»4
78
80% Jan 2 70% .Mill 83 J'ly
Sep '02 Boston Land
4% Oct
4H Last s ale 4%
in
3% May 5 4% May 6
4 Feb
Last ,s t 128
128 *
Sep '02 Cumberl Telep & Tel 100
128
122% Apr 4 130% Apr30 129% Tov 140 Aug
06 H
65% 63%
let
65% 64
39 Mar
64
20,693 25 Jan 15 79%Aug20 20
651e Dominion Iron & S1
Nov '.)% Feb
7 H>
225
7% 7% •7% 8
7 34
7
Eas1 Boston Land...
7% J'ly 24 9%Mar27
275 275
•270
277 277
277 277
2 75
2 9 244 Jan 2 285 Mav 9 217 Jan 270 Mar
Edison Elec Ilium. ..100
188% 188% 1S7
184% 185
188 188
1ST
Jan 288 Dec
si
332%
General Electric
253 11183 J'ly 26
Apr 9
100
185 185
'183 Hj---. -184
1-5
F
182% Nov
2 170 Jan 2 190
86
Sep 8 153 Feb
MergenthaleT Lino. .100
-2% 2%
2% 2%
2% 2 Hi
430
Jan 6
3% Apr 7
Mexican Telephone. 10
2
1% Dec 3% Mar
Last
*110%.... •110%
Sale 2WG'% .Mill '02 .Minn Gen Elec pref. 100
103 Feb 7 106% Marl 9 101% Autr 103 Dec
Last Sale 88
88
88
99 Jan
s.-p '02 \ BCotton Yarn pref 100
88 Sep 5 93%j'nel6 88 D
4% 5%
4% 4-g
4% 4 34
5% X E Gas & C Tr rects. 100 2,98b 2 U J'nelO 7%Mar20 4%N )V 15 Jan
4%
*139 140
'139 140 '138% 140
139
84 135 Jan 2 151 Apr 30 127% Jan 146 Apr
139
N E Telephone
100
80
80
'2 Hi
2%
•2% 2%
112% 114 H
113% 115
54
•53 "a 54%
54
31 % 31
8
May
73% Marl 4
:48
Jan
i
.
139
•35
"2!l"
84% 85
8
8%
84%
80
251
Uisei'llaneoiis
23% 23 34
...
12
2
1
"2%
236
•9
156
k
27
30
80 Hi
'-
28
1..".
28(1
"4%
83H»
8
8
8H
28 H
29
29
1
127
125 4 127%
120
119% 120
'2 167
169 el
-14 Hj 15
15
"7%
5
83%
,
*184%
2%e
«110%
•24
84
8
...
*4
4 H;
128
-123
60
69 3
*275
185
*9
*
-2
66
140
*
*
'2
-4
*
88
*
•24
84
g
80% 80%
*4
4^
*
24%
24
83
*24%....
84
84
9
Sep
Apr 8
09 Apr 28
183 Apr 26
307 Mar26
172
Mar26
125 Oct 1 136 Mar26
199 Augl2 202 Jan 27
160 J'ne23 1 66% Feb 10
285 J'ly 1 :95 Feb 6
142 Jan 24 148 Marll
78% J'ly 10
172 Jan
33% Jan 28 45% Apr 21
92 Jan 13 99 J'ue 6
26 Jan 15 31 Mai-31
210 Jan 31 254 Apr 28
L70 Jan 14 75 Jan 3
230 Jan 9 :38 Apr 3
208%J'nel8 217 Apr 4
68 May20 85% Sep 10
Do pref
105 79%Mavl9
100
Sep '02 Rutland pref
100
70 Sep 12
*
85
85 Seattle Electric
20 58 Jan 8
100
Last Sale lU4h. Sep '02
* 105 H> 106 H; *105%107% '105% 107%
Do pref
100
104% Sip 17
104 5, 106% Union Pacific
100 8,877 98% Feb 28
106%107 34 102 2 106% 104 Hi 106% 106% 107% 106 100
•91% 91% -91% 91% 90%
91
91
Do pref
71 86% Marl 1
100
*91% 91% 90Hj 90 H -91
Last Sale 274% Sep '02 Vermont & Mass
-171
*174 ...
172 Jan 15
100
a
93
93
93
93
93
93
93%
93
93
93 %
%
West End St
425 93 Sep 22
H
Hi
50
933t 93 4
'113
113
113 113
113
113
113 113
Do pref
8 112 Sep 12
50
•113
Last Sale 28\ Sep '02 Wisconsin Central... 100
19% Jan 28
Last Sale 55 hi Sep '02
Do pref
100
39% Jan 28
Last Sale 150
Aug'02 Wore Nash & Roch.,100
148%Febll
•85
•73
*85
87
*73
75
*85
86%
•105 %107%
96% Sep
106
00
||
2
,
•50
230
62%
De<
10% Apr
2% Jan
J'ne
Dee 363
Dec
Mil % Jan
10 Dec
9% Jan
Sep
Feb
63
58
41
J'ne
2
Apr
1
Sep
18% Deo 37% Mar
3% May 12 Sep
L% Dec
Dec
44
1
May
Lowest
is
in
Fob
Sep
2% Feb
73
ex div.
October
J
7
3
Am
Rironra
Octobers
Price
Week's
Friday
Range or
3
October
MS
1013.J
J-J
J-J
102
Sep
Ia>w
High
OJ
loo
99*8
99
ibis* ib*3%
91 % 9934
'02
99% 99%
104
115% Auer'01
97%
S Sep '02
119 Sep '02
105I-J J'ly'02
.
MS
M
W
. .
MS
MS
100
100
138
J'ly'02
J'ne'01
Sep '01
125% Aus'00
87
102
110
104
87
Sep '02
Apr'01
J'ne02
107% Mav'02
1
100 4 100%
108% Apr '02
99% Sep '02
Sep '02
Aug'02
Sep '02
110
99
128
130% J'ly'02
108% 108%
109% 109%
109% Mar'02
Apr'02
105% Sep '02
115
99
110
99
110
108% lOSi,
100% Mar'02
lll%May'02
138
138
J'ne'02
J'ly'02
94%
95
9434 J'ly'02
•
Note— Buyer pays accrued interest in addition to the purchase
Philadelphia and Baltimore Stock
Saturday
Monday
Sept 27
Sept 29
*73*a 74
73
124
31*4 32
29*»
50%
49
14
50*2
14*2
14
Tuesday
Sept HO
73
124
73
73*2
124
30
49
14
29% 29%
48
4834
14
14
Oct 1
72%
72%
723^
124
72*2
124
124
30
30%
30%
A-O
49*4
1334
49*4
49*2
14
13% 14
105*2 106
124
98
90
!
Spl
Income 5s
No price
"
Friday
Sep
100
'02
50
28% 28%
25
25%
73% 73'j
34%
4%
78
35
27%
28*4
24
7234
2i 34
27% 28%
24*8 24%
72 3j
73
73%
77
34*2
77
35
34*8 34*;
4 5?
82
82
48*2
8 34 8*% e
80
48
16% 16%
33% 34%
43% 43%
16%
'-,
4^
38
38
81
71
77*2
3534
77%
7734
35%
4%
«%
*%
5*16
35*4
5*8
16*2
32*2331*16
17% 18%
16% 17*4
32% 35% 34*%e 363,
43
13*4
»
43
36*2 37
!
'
;
„
8%
43«j
37% 385,6
46% 47 %
cull 1
Bid
Inactive Stocks
American Cement
10
Amer Iron A Steel
50
American Rail-ways... 50
Bell Telephone
50
Cambria Iron
CO
Camden A Trenton
10
Central Coal A Coke. 100
11234
Ask
44
39%e
47*4
48*8
4934
35%
5*16 5**16
%
*2
827,
493.
8*%6
9
17
*;•">!«
35
35%
;
i.;
49*.
93
18'4
w
:J
4
36»4
43 3< 433* 431% 6 44
38 34 39316 39% s 39%
48
48
48
48
II334 11334 113*2 1.14
*33
34
113% 114
PHILADELPHIA
Bid
ilondext 7s 1910 A-O
119
Asphalt Co 5s 1949 tr ctfs
Atl City 1st 5s g'19.M-X
Balls Ter 1st 5s 1926. J-D
112
E
*4
V,
82%
82
49
18%
''•
18
48% BergAEBrw 1st 6s'21 J-J
Bethle Steel 6s 1998. Q-F
25%
90
108
124
MarsdenCo
100
50
Do pref
50
Pennsylvania RR
50
Philadelp'a Co (Pittsb) 50
Philadelphia Electric. 25
Phila Rapid Transit ... 50
Reading
50
Do 1st pref
50
Do 2(1 pref
50
Union Tracton
50
United Gas Impt
50
WelsbaehCo
100
National Asphalt
A sk
27
"95"
110
126
CheADCaulst58'16J-J
Choc A
Preferred
100
50
Preferred
50
Danville Bessemer...!^
Diamond State Steel...
Preferred
Easton Con Electric... 50
Electric of America... 50
Elec Storage Batt
100
Preferred
100
Germautown Pass
50
Harrison Bros pref.. .100
HestonvManA Fair. .50
Preferred
50
Indianapols St
100
Inter Sm P A Dy nam. 50
Lit Brothers
10
Little Schuylkill
50
Minehill A Sch-.iyl H..50
Nesquehonini;
50
Haven Iron A Steel
North Pennsylvania. 50
Pennsylvania salt
50
Pennsylvania steel.. 100
Preferred
100
Phila Co Pitta) pref.. .50
Phil German & Morris. 50
Phila Traction
50
Railways leueral
10
Susqiu-h Iron a Steel.
ConsolTrac Pitts
Ch Ok
Cit St
Col St
1*2
Me 1st 5s 1949 J-J
AG
gen 5s*19 J-J
ConTracof N J
10
87
5s 1920
M-N
A Peo Tr stk tr ctfs
Elm A Wil 1st 6s '10. J-J
Income 5s.... 2862. A-O
Eq II Gas-L 1st g 5s 1928
H A B Top con 5s '25 A-O
Indianapolis
RRs
75
1034
11*4
10*2
61
65
N
112
49
105
128
Sep
118
82
118
82
Sep
Sep
'02
104
103
67*2 Sale
TI66
104
104
105
105
105
174
98
2«t
6*2
Tidewater Steel ... 10
United N J RR & <:.. 100
Unit Pow A Trans... 25
flnited Trae Pitts
50
50
176
98%
514
27<
281%
44%
50
'Warwick Iron A Steel. 10
fVest Jersey A SeaSh.50
estmoreland Coal ... 50
6*2
7
69
w
76
•
115
98
117
98%
106'-.
87
88
111*2 112
104
110*3
110
118 119
121*2 122
124
142
87
Income 4s 1 939... M-N
NoPenn
1st 4s '36.. M-N
7s 1903
„.J-J
Cs r 1910. .Var
Consol 6s c 1905.. Var
Consol 5s r 1919... Var
Penn A Md Steel con 6s.
Pa &
Y Can 7s '06. J-D
Con 5s 1939
A-O
Con 4s 1939
A-O
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co IstA col tr 5s'49 M-S
GenM
91
116
N
no sales on this day.
120
i'07*4
10734
122 122%
115 34
112
100
107%
104
ill
105
118
81
30*4
35%
20% 24 *a
88
104
U85
103
103
136 52
69
Apr'02
104
104'*
69
104
Feb '02
105
Sep '02
107*4 Mav'02
10.;
106%
106% 109%
105
105
107*4l07%i
106%
104*2 Sep '02
98
105
May'01
102% Mar'02
12534 J My '02
107 J'ne'02
100 J'ne'02
102 Mar'02
105*2 1051?
104*2 107
100
10234 102%
125 128%'
j
106% 107
100
102
105
10834 J'ly'01
104*4 113%l
100 100
100 % 100%1;
107 108
104*4104%:
100 Sep '02
100%J'ne'02
108 J'ly '02
105
Sale
;
:
103% 103%!
103% ioe%
12
H934 Mar'02
and asked.
ctfa.
Range
tor Previout
Year (1901)
I
Highest
Lowest
Apr 28
1
29 % Sep 23
36 Apr29
80*4 Apr 29
79 34 Sep 9
33%Mayl7
2% Feb 3
%Sep 15
11934119%:
U Trust Co.
Weekly, Yearly
Highest
Mayl7
21%Ma"r20
eO'aJan 3
71 Apr 15
,
103%103%j
103% Apr'02
110% Sep '02
104*4 Aug'02
103% J'ne'02
10434 105
87*4 J'ly '01
58
Jan
6534 J'ly
88% Jan 106% Dec
934 Jan
30*2 J'ne
Dec
18% Mar
24% Jan
14
54 34 Sep
2% Jan
3, Mar
1534 Mar 31% J'ne
20*2 Dec 38% Apr
40
Feb
62% Jan
38*4
Jan
2
28*2 Jan
5*1.8
1*16
Oct
Feb
3
7
3% Dec
%Dec
80*4 J'ly
79% Apr
39% May
7 % Jan
8*2 Feb
Sep 13
Jan 16 Feb
2%J>ly 9
1
85 Sep 4 69 May 81 Apr
Jan 3 50%Apr30 40 34 Jan 54 14 May
3% Jan 27 9*.2 Sep 19
4% Dec 8 38 Feb
*
4
7334 Jan 14
46
8*4
26*4
J'ne26
lR%Oct
Marl
1
Mar
393 le
(i
Sep
45% Sep
1
3
3
12%Jau
34% Jan
28% De«:
41%De«,'
32% Dec:
32
24*4 J'ne 37 Jan;
101%May28 126 Feb 8 113 Sep 128*2 Jan
24 Jan 31 40%M»y29 38 Dec 55 Apr
40
30
Jan 14 40% Scp 10
Jan 6 48 3 tOct 3
fi
19
Jan
Ask
BALTIMORE
Bid
Ask
100*4
Chas Ry G A El 5s '99 M-S
90
92
M 5 g '20. A-O
GenM 4s s 1920.. AAO
Con
J-D
M 6s g 1911.... J-D
Ex Imp
Con
'33. A-O
M 4s g '47. A-O
M of '82 4s
'37. J-J
Terminal 5s g 1941. Q-F
AB
col tr 4s '21. J-
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Welsbach s t 5s 1930. J-D
73
124
118
108
108
126
119
125% 126
109
112
110
112%
115%
A ext 5s. '09 J-J
70
LAP
.101
13*2
9*4
40
9934 100
113
118
94
109
98
110
123% 124
110%
119
122
102% 103%
Ext A Imp 5s. 1932 M-S
Chas City Ry 1st 5s '23 J-J 105%
N
A
114% 116
100
101
119% 120%.
112
112-2
114% 115
112*4 112%
112
125
115
115%
50
50%
38
39
KnoxvTrac 1st 5s '28A -O 100' 101
LakeR El 1st gu5s'42M-S 117
Npt N&O P
120
1st 5s'3S
M-N
Norfolk St 1st 5s'44..J-J
North Cent 4 %s 1925 A-O
J-J
6s 1904
Series A 5s 1926. ...J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 5s 1941.. J-J
Sec AvT(Pitts) 5s '34 J-D
Sav Fla A West 5s '34 A-O
Seaboaril A L 4s 1950 A-O
Seab A Roan 5s 1926. J-J
South Bound 1st 5s.. A-O
UE1 LAP 1st 4%s'29 M-N
UnRvA El 1st 4s '49 K-S
J-D
Income 4s 1949
Va Mid
112
118
117
A
118
110
MetSt(Wash)lst5s'25FA 118
Mt Ver Cot Duck 1st 5s
77% 78%i
42%'
42
Incomes
New Or! Gas 1st 5s.. Var
Bonds
118
121
1910 A-O
J-D
1st 5s. .'22
City A Sub( Was)lst5s'48
Col AGrnv lst6s. 1916 J-J
Consol Gas 6s. ..1910 J-D
5s
1939 J-D
Ga Ala 1st con 5s '45 J-J
Ga Car A 1 st 5s g "29 J-J
Georgia P 1st 6s ... '22 J-J
GaSo Fla 1st 5s 1945J-J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
.
Bait A P 1st 6s m 1 '11 A-O
1st 6s tunnel. .1011 J-J
Bait Trac 1st 5s. .'29 M-N
No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Central Ry 6s... 1912 J-J
Consol os
1932 M-N
Charl C A
2d 7s
CityA Sub
isi"
Inactive Stocks
Atlanta A Charlotte. 100 165
Atlan Coast L (Conn)lOO
Canton Co
100 100
Georgia Sou A Fla...l()0
50
1st pref
100 100
2d pref
82
100
G-B-S Brewing
12%
100
Mt Vernon Cot Duck
8*4
Unit Elec
pref. 50
35
Anacostia A Pot 5s
Atl A Ch lst7... 1907 J-J
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of indebt 4s
J-J
Bait C Pass 1 st 5s j.1 M-N
Bait Fundg 5s. 1916 M-N
Exchange 3%s 1930 J-J
Refunding 3 *js 1952J-J
!
%Dec
%Apr
100
72
119
Ph A Read 2d 5s
Con M 7s 1911
;
101 %j
103 34:
107
Bid
P A E gen
,
84*4:
PHILADELPHIA
'
101*2
Penn gen
lis
112
BALTIMORE
108*4
105%
130%
'02
'02
104*al05
23
10
818
090
909
499
340
130
042
706
733
105
128
21%J'ne'02
Sep '02
104 Mar'02
103 Sep '02
%Sepl7
6 17
95
31*4 Sep '02
1185
99*a
97*4
t
111
11214 115*4
J'ly'02
105*4 Mny'01
Tjowest
025
055
232
224
140
410
P
92
108
110*2 J'ne'02
112*4 Sep '()'->
190-1
100
II434..
98
Phil Elec gold trust ctfs.
Trust certifs 4s
P \V
Newark Pass con 5s 1930
NY Ph A No 1st 4s '39 J-J
101%
<
4s g
1914. Q-F
Gen M 4*2Sg.l924.Q-F
Leh V C 1st 5s g '33.. J-J
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S
J-D
Annuity 6s
J-D
Leh V Trac 1st 4s '29. J-D
Nat Asphalt 5s 1951. J-J
New Con Gas 5s 1948 J-D
5%
49*-;
4s. 1933
'14. Q-J
Consol 6s 1923
IO934
1
Ry
Lehigh Nav 4%s
48
118
111
1st 5s. '33
Elec
9%
116
110
Ry (Ind) con 5s '33
Ry 1st con 5s 1932
3% E A A 1st M
.
Bid and asked prices
44
39
Al Val
53
77
*%
82%
82*2
82
49*2
49
9
8*%«
48*a
8 9 ie 8*3
5%
A
*77
**4
82
PHILADELPHIA
*
74
4*
40
Preferred
74
81
4
47% 47% 46*2 47
113% 112 112*2
•
73?4
28%
24% 24%
48 %
113
*
28% 283,
24% 24%
28%
24%
7334
77
35
pref
50
28»4 Cambria Steel
50
•jr>
Consol Dake Superior.. 100
lOu
Do pref
74%
Lehigh Coal
Nav
50
78
50
35 34 Lehigh Valley
106
!)()
10834 110
111
105
Daily,
Do
105
114
123%126
90
92 34 May'02
92
Philadelphia
American Alkali
101
98%
98*2
102
102
101
132% 133ia
124
900 62% Jan 28 74% Sep 18
100
33 104 Jan 7 125% J'ly 29
50
Air
Line
Staboard
100
5,361
30%
23% Jan 24 3434 Augl8
Do pref
100 2,020 44 Apr 2 55% Augl9
50
14 United Ry A Electric 50 1,695 133 4 Oct 1 17 Marl5
*%
Low High
J'ly'02
Baltimore
Consolidated Gas
Northern Central
124
14
High
101*..
123%
Range Since January
Sales
of the
( For Bonds and Inactive
Week
Stocks see below)
Shares
72% 73
49%
105
114
Sale
latest bid
;
Since
January!
J'ly'02
101*2
J-D 113
.
Exchanges— Stock Record,
30*4
Ask Low
Range
132% J'ne'02
128 M-N
Kan C Ft Scott A M 6s
1934 M-S
Kan C M A B gen 4s
Marl934
price for all Boston Bonds.
123
30*2
49*2
Last Sale
102
M
Friday
Oct 3
October 3
101% 102
A-O
A-O
ACTIVE STOCKS
Thursday
Oct 2
Wednesday
. . 1
<
104
Share Trices —Not Per Centum Prices
Week's
Range or
J-J
NYAN
101% J'ne'02
Price
Friday
Bid
1910
deben 5s
Non-convert deben 5s. ..1913
In Falls A Sioux C 1st 7s. .1917
925
Kan C 'liii A Spr 1st 5s.
Kan C Ft S A Gulf 1st 7s. 1908
Old Colony Tr Co rects
Kan C A Ry A Br 1st 5sl929 A-O
5;.
83
99 % Kan C St Jo A C B 1st 7s. .1907 J-J
56
82% LRAFtSmldgr Ist7s...l905 J-J
119 121% Maine Cent cons 1st 7s.. .1912 A-O
1912 A-O
105% 105%
Cons 1st 4s
Marq Hough A Ont 1st 6s. 1925 A-O
99% 100
Mexican Central cons 4s. .1911 J-J
Jan 1939 J'ly
lstcons iuc3s
Jan 1939 J'ly
2d consinc 3s
1929 J-J
85
90% Mich Teleph cons 5s
102 10434 Minne Gen Elec con g 5s 1929 J.J
Yarn
5s
1929 F-A
Cot
Eng
New
104 104% New Eng Gas A Cist 5s.. 1937 J-D
1906 A-O
107%107% New Eng Teleph 6s
1907 A-O
100 101 >»
6s ....?.
1908 A-O
108%"108%
:
6s
1915 A-O
99% 100%
5s
1905 J-J
101 % 102%
Eng 1st 7s
1905 J-J
1st 6s
1924 F-A
108 110
Old Colony gold 4s
99 101*2 Oreg Ry A Nav con r 4s.. 1946 J-D
1922 F-A
128 132
Greg Sh Line 1st g 6s
1283* 131*2 Repub Valley 1st s f 6s... 1919 J-J
11 108 4: 110
1902 M-N
Rutland 1st 6s
109 110*4
Rutland-Canadian 1st 4s 1949 J-J
1930 F-A
109% 109*4 Seattle Elec 1st g 5s
1918 M-S
114*4 115
Torrington 1st g 5s
105*2 107*4 Union Pac RR Algrg4s.l947 J-J
191 M-N
99 101
1st lien conv 4s
1903 M-N
109*2 111
Vermont A Mass 5s
108*4 111
West End Street Ry g 5s.. 1902 M-N
1914 M-S
100% 1 00%
Gold4%s
110*2 IIII4
1916 M-N
Gold debenture 4s
1917 F-A
138 139
4s
Gold
138 138
Western Teleph A Tel 5s. 1932 J-J
9678 Wisconsin Cent 1st gen 4sl949 J-J
49 94
94
96% Wisconsin Valley 1st 7s. .1909 J-J
Apr'()2
~ >0%
96 "2 Sale T9t
•qa.
Illinois Steel
1
99% Jan '02
Bntte A Boston 1st 6s.... 191 A-O
Cedar Rap A Mo R 1st 7s. 1910 M-N
1900 J-D
2d7s..
87 Sale
Cent Vermt 1st g4s..Mayl920 Q-F
1903 J-J 101%
Chic Burl A Q 1st 7s
A-O
1919
Iowa Div 1st 5s
1919 A-O
Iowa Div 1st 4s
1913 M-N
Debenture 5s
1922 F-A 100
Denver Exten 4s
1927 M-N
Nebraska Exten 4s
1921
4s
B
1949 J-J
Illinois Div 3 %s
Joint bonds See Gt Northern
109
1915 J-J
Yds
5s.
Stk
Ry
A
Chic Jo
Coll trust refunding K 4sl940 A-O
Ch Mil A St P Dub D 6s.. 1920 J-J 127%
Ch
A St P Wis V div 6sl920 J-J 126%
Chic A No Mich 1st gu 58.1931 M-N 108%
Mich gen 6s. ...1921 J-D 109 % 110
Chic A
Concord A Mont cons 4s.. 1920 J-D
Conn A Pass R 1 st g 4s. 1 943 A-O
1927 A-O 105 107
Current River 1st 5s
99
99 34
1st 4a... 1946 A-O
DetGrRap A
110
1913
Dominion Coal 1st 6s
1906
108
Eastern 1st gold 6s
1904 M-S
Pitchburif 4s
1927 M-S
4s
Fremt Elk A Mo V 1st 6s.. 1933 A-O 137
1933 A-O 137
Unstamped 1st 6s
94% Sale
9t Nor C B A Q coll tr 4s 1921 J-J
Registered4s
1921 Q-J
W
Dec '01
104
J-J
J-J
J-J
ASWsf
99%
28
.t
F-A
M-N
F-A
194'2
issue 7s... 1904
Boston Terminal 1st 3%s. 1947
1st 5s.19.S9
Gas
United
Boston
1939
2d 5s
1918
BnT A Mo Riv ex 6s
1918
Non-exempt 6s
1910
Sinking fund 4s
A'o
3
104 % Apr'00
126 3 Apr '01
J-J
So.
January 1
man
102 h, 10134
BOSTON STOCK EXCH'GE
Week Endow October 3
Since
99
95% 96% 97
J-l)
BONOS
Range
Salt'
99
99
9S»%
Sale
119
A-O
Nov
.
Last
Ask Low
Hid
99
99
J-J
J-J
1008
4s. 1929
Am Telep A Tel colllsitr7s.
.1908
Ateti A Nebraska
Atch Top A S Fe sen g 4s. 1995
Adlnstment s 4 s. ...J'ly 1995
1907
Boston A Lowell 49
1944
Bosrton A Maine 4 '«»
Bell Telephone 4s
Plain 4s
Bout A Mon
723
Boston Bond Record
4, 1902.]
BONDS
BOSTON STOCK KXCH'GE
Wkbk
1
1st 6s 1906..M.-S
2d series 6s 191.1 ...M-.3d series 6s 1916. -M-S
4th ser 3-4-5s L921.M S
5th series 5s 1926. M-S
Va (State) 3s new '32. J-J
Fund debt 2-3s 1991. J-J
West
C con 6s 1914 J-J
WesVaCAPlst6g'll J-J
Wil Weld 5s.. 1935. J-J
N
A
IO934
110%
110
U'-
105
124
123
117
117
118
115
118
86
114
111*2 112
85
93*4
67*4
105
113
86
95
67%
107
118
11"
114
95% 9G%
96
120
114
122
97
lis"
123
.
u..
.
.
..
...
7
.
THE CHRONICLE.
?24
[Vol,
LXXV.
%mt$tmmt nn& f|aikead %uUlltQmtz.
RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways ore brought together separately on a subsequent page.
July
Latest uross Earnings
ROADS
or
Week
Month
Current
Year
S
Adirondack.
June
Ala Gt Southern 3d wk Sept
Ala N O <te i exa*- 'acitic.
15,324
50,704
stwk'Sept
Vicksb'g lstwk isept
Vicksb Sh & P >stwkSept
Allegheny Valley July
Ann Arbor
3d wk Sept
34,000
15,000
17,000
JNO&NoEast.
•
Ala
&
Ann Wash & Bai.
AtchTop AS Fe.
Atlanta A Lhar..
Atl Kaoxv & No.
Atlantic & Birtn
Atl Coast Line...
Atl Vatd A West.
Bait & Ann SL..
Bait A Ohio
>
B&O
Soutnw.
(
Bangor & Aroosl
Bath A Hatumou
Bella Zanes & CL11
Bellefonte Cent'!
Bridgt & Saco K.
Butt Attica & Arc
ButtRochA
i.ts
AS usq...
Burl O Rap & JS u
Buffalo
Canadian Pacini
Cane Belt
CentTof Georgia
Cent'l of N Jersey
Central Pacitic..
Chattan Soutu'n.
Chesap A Ohio...
Chic <te Alton By
Chic Burl A Quiu
Chic A E Illinois.
Obi j Gt Western.
Chic lnd AL'v...
OhicMilw&StP
•Chie& North W'n
Chic Peo A St L..
diicRI APac...
Chic St
AO.
>Chlc Term Tr KB
Shoe Okl & Gulf*
InKO&T Pac.
PM
CICinOhA
bt L.
Last'
Peoria &
Colorado & oouih
ColJSewb & Lau.
Col Sand A Hock
Cornwall
Corn wall A Leb
.
Cuiuberl d Val ej
Den v. & Bio Gr. >
Kio Gr. West. >
Detroit Southern.
Bet A Mackinac
|DulSo ah & Atl..
Erie
EvaiiBV & Indian
Evalisv A T H...
jyrchild AN're'ii
& Pownat
EtW &DenvCu>
•Georgia KB
JFariuv
Ga South A Fla..
Gila ValG A N..
Gr Trunk System
Gr'Tr. West'u
'Det c=r HAM..
Great North'n—
Inc.
Previous
Year
1
Latest Date.
to
Current
Previous
Year
Year
$
12,887
41.711
*
202,216
564,846
32,000
16,000
14.000
41.583
381,690
167,368
194,653
I
August... 3,492,458 2,952,368 6,794,421 5,476,085
185,817
313,099
320,771
164,930
August...
Total system. August . 3,678,275 3,117,298 7,138,120 5,7110,850
-G-ulfAShiplsiand June
1
1,577
97,169 1,374.684 1,030,849
Hocking valley.. e^tember 490,326 -153,7
1,567,568 1,341,688
Hous A Tex Cent July
339,054 387,090
339,054
387,099
Illinois Central.. August... 3,370,431 3,383,17b 6,719,201
6, '58,930
Illinois Southern August ..
14,015
12,333
26,172
23,376
,Int A Ut .North' ii 3d wkSept
127,565
107,539 1,000,22 1
909,00s
Interoc (Mex)
Wk Sep 13
80,700
73,840
901,830
790,510
Iowa Central
5i,275
oil wksept
47,670
550,925
530,588
Iron Railway
7,042
August
6,717
12,301
12,731
Kanawha <fc Mich 3d wk Sept
13,822
19,844
220,054
164,030
JK.au City Soutt.'n August...
510.048 444,968
91)2,310
825,836
.Lehigh Val BR.. \ ugust... 1,617, 128 2,445,7:;? 3,000,079 4,556,592
i<eh Val Coai Co. AUgUSt . .
128,593 1,7 79,025
240,-91 3,204.334
Lexing A iiast'u. J"iy
48,307
48.307
31,497
31,497
long Isianu
inc. 4 .920
Inc. 4 ,920
July
Eiou. Uend.iVSt.L. July
68,815
57,395
68,815
57,395
Louisv ot JSiashv. 3d wkSept 678,685 538,985 7,433,791 6.452,980
Macon Birm... \ ugust...
11,480
8,172
21,410
10,759
Mau'tee AGr.Bds July
8,518
10,550
8,518
10,550
Manis & No East luly
25,527
20,120
25,527
26,120
Mamstique
8.135
V ugust...
9,830
2(1,1 12
25,166
Maryland & Peuu March
20,622
19,536
195,232
179,255
4 Mexican Central id wk sept r 374,129
288.57 1 4,363,586 3,004,594
Mexican iiitern'l. August
533,803 498,511/ 1,06 i, 573
949,77:;
{Mexican By
Wk Sep 13
96,600
90,800 1,040,400
837.500
Mexican aoutli'i 2d wkSept
18,865
14,845
195,914
150,530
Minn
5
Montana Cent'!
.
1
1
1
.
.
&
1
.
Week
or
Month
190,628 Millen A So'w'n. August
506.826 Mineral Range.. August ..
Minneap & St L. 3d wk Sept
330,588 M St F <& S St M. 3d wk Sept
161,911 Mo Kan <te Texas- 3d wk Sept
154.431 Mo Pac& Iron Mi 3d wk sept
385,811
388,1521
31,182
29,70:
8,087
7,769
July
7,759
8,037
„.
Au^ist
4,858,285 4,941.071 9,454,993 9,704,573
268,941
245,957
uly
268,041 245,957
119,919
93,591
August
62,300
44,000
34,597
18,044
August
10,023
8.970
July
<1365,369 ai66134 H.365.369 a, 166,134
269,977
June
235,045
21,384
19,325
11,082
10,439
July
11,082
10,439
Auguit
5,542,967 5,070,081 10,719,592 9,708,949
261,580
141,306 134,751
243,716
August
2,400
2,400
2,394
July
2,394
33,178
18,420
30,835
August
15,907
9,312
4,369
9,140
August
4,808
4,241
uly
4,241
3,028
3,628
24.416
May
2,704
25,007
2,582
September 631.596 564,318 1,885,746 1,718.506
142,045
August
75,104
126,521
63.K79
May
399,700 399,772 4,959,604 4,559,003
3d wk Sept 822,000 762,000 9,243,804 8,193,006
34,177
13.274
August
20,356
6,637
3d wkSept 192,805 137,3^0 1,917,150 1,509,790
2,229,460
2,979,334
Auguet
1,190,549 1,574,597
July
1,939,670 1,848,806 1,939,670 1,848,806
1.6z7
28,647
23,253
3d wk Sept
2,166
3d wkSept 274,787 336,474 3,020,087 3,855,405
August...
890.286 850,618 1,096,760 1,678,276
August... 5,171,300 4,979,672 9,701,687 9,400,462
3d wkSept 135,147 121,457 1,502,307 1,359,750
3d wk sept 148,421 142,335 1,0*3,413 1,788,268
3d wkSept 101,787
92,358 1.135,141 1.079,427
August..". 3,964,072 3,964,056 7,625,405 7.546,097
August.... 4,214,841 4,298,425 8,196,892 8,183,077
260.242
133,929 123,975
232,767
August
July
z>3776307 »279os58 03,776,oO7 02,790,858
AUgUSt .. 1,019,626 1,119,320 1,914,876 1,966,556
3o9,<)12
304,594
35.941
31,687
3d wkSept
4thwk viar
89,707
75,378 4,054,7 12 2,877,751
3d wkSept 107,381
95,498 1,291.347 1,215,748
3d wk Sept 415,190 383,660 4,488,717 4,470,308
66,00 I
594,664
584,504
3d wk Sept
50,400
3d wkSept 140,038 120,963 1,410,179 1,270,700
13,614
10,8-13
13,614
July..
10,843
373, Z88
31,307
305,511
3d wk Sept
24,425
8,588
July
8,588
10,663
10,063
25,449
25,449
July
35,746
35,740
219,630
August
118,673 110,424
194,311
3d wk Sept 363,000 370,200 4,124,384 4,061,974
24,142
27,800
307,545
270,600
3d wkSept
133,031
67,564
68,933
137,001
August
50,735
695,702
55,804
65ts,666
3u wksept
7,35;;,:; 10
August... 3,660, sOO 3,830,653 6,849,69
7,364
91,489
83,721
3d wkSept
7,165
36,705
26,57!)
390,902
d wkSept
360,786
2,07s
2,643
2,648
July
2,97e
7,537
4,964
7,537
4,964
July
234,540 166,146
234.540
luly.......
160,1 10
164,426
320,921
207. L6
109,428
August
126,5
111,240
241,968
August
215, L01
24,389
Juiy
24,389
27,039
27.U39
672,473
..i;;o
604,280 7,292,640
id wk8ep1
94,5911
910,0119
',431
:d wkSept
89,77*
251,515
23,155
19,476
245,700
2d wk Sept
8tFMiunAM>
.East, of
Latest Gross Larnings
ROADS
Central Branch 3d
Total
3d
Mob Jack
&KC.
wk Sept
wk Sept
WkSept 27
& Ohio..<
Nash. Oh & St La.
Nat'l Ry. of Mex
Mobile
August -„
3d wk Sept
3d wk Sept
Nev-Cai-Oregon August
Nevada Central.. July
N Y C & Hud Riv August
N Y Out <te West. August....
V Y Susq & Wesi August...
Norfolk & West'), 3d wkSept
Northern Central August
North'n Pacific. August
Nor Shore iCal)... August
Pacitic Coast Co. July
Penn— EastF&Ee August
WestF&E §... August ..
Pere Marquette. 3d wkSept
Phila
Phila
&
July
Erie
Wilm
B.. August..
Pine tslf. Ark. R ... July
Pittsb C C <te St L August .
Pittsb
Plant
<te
<fe
West'n. ilarch. ..
System—
July 1
Current
Year
Previous
Current
Year
Latest Date,
to
Year
Previous
) ear
*
$
2,925
7,702
5.359
3,812
93,197
107,223
44,291
55,0o0
866,505
70.233
67,046
828,166
168,610 130,133 1,643,685 1,292,025
394,146 334,172 3,795,003' 3,603.691
709,000 627,000 8,156,980 8,340.31)1
265,103
19.000
375,624
24,000
733,000 646.000 8,422,083 8,722,015
51,935
37,719
3,234
3,908
995,766
556,82
489,133 1,115,099
174,930 140,391 1,985,817 1,719,412
151,147 132,574 1,931,152 1,615.303
29,709
13,70i
20,467
14,680
2,640
3,096
2,640
3,096
6,737,247 6,795,467 12,774,085 12,735,563
746,060 .1,115,041
408,215 571,513
263,713
507.464
134,342 272,564
397,521 318,043 4,432,546' 3,752 001
681,830 692,936 1,310,251 1,349.551
3,820,377 3,623,434 7,670,749 6,813,500
122,605
108,195
56,020
47,307
450,386
546,739
546,739 456,386
10100990 9,214-o90 19,878,493 17.505,693
Inc. 9 20,300
Inc. 38 2,700
207,403 182,398 2,299,992 2,200,673
512.041
005,059
512,041 605,059
2,203,505 2,040,505
1,151,027 1,078,22
1.400
2,171
2,171
1,400
1,954,779 1,832,040 3,779,784 3.470,934
326,491 367,798 3,210,005 2,910,210
l
Ala Midland.
Brims & W'n.
Chas <teSav...
Sav Fla <fe W.
|
June
706,318
,
598,739
7,948,363
8,475,502
SilSOc&G..
Reading Co.—
Phil
Coal
<fc
Read
August
A IrCo
August...
Tot both Co's.. August
Rich Fr'ksb & P
Bio Grande Jot..
Bio Grande So...
Rio Gr'de West
.
.
Rutland
St Jos AGr
1.992.195 2,570,169
242,313 2,424,983
2,234,508 4,995, 52
85,419
102,441
52,533
51,784
10,597
10,890
1
July
July
3d wkSept
June
August
August....
I
St Louis & Gulf.. August....
July
StL A iN Ark
St L & San Fran </ 3d wkSept
454,400
220,322
103,804
/i28,470
17,441
449,400
202.511
132,915
11,445
21,803
388.207
000,195
186,298
171,933
106,713
/ 598,739
198.499
18,173
486,111
649,025
St L Southwest .. September
193,070
StL Van<fcTH.. August
178,002
San Ant & A F... July
124,580
San Fran <feN P.. August
/706.318
Sav Fla A West.. June
Seaboard Air L,.. 3 wkSept 247,051
20,428
So C A (iaExt ... May
11,220
8,082
So Haven & East. August ..
57,104
n8t...
00.02S
Southern lnd
0,721,077
0,920,294
July
Pacific
Co
b...
So
19,373
37,58
Carson & Colo. July
1,939,670 l,848,x H
Central Pacitic July
2,828
2,063
Direct Nav. Co. July
503,027 559,954
Gal Har ASA. July
29,952
28,954
Gal Hous A No July
13,488
13,776
GulfW. T. A P. July
60,863
64,880
Hous. E. AW.T. July
13,391
16,211
Hous. A Shrev. July
339.H5
387.099
Hous ATexCen July
July
3.938
4,937
beria & Verm.
175,899 137,749
Louia'a West... July
384,150 587,189
Morgan's L» A T July
20,301
27,090
N. Mex.A Ariz.. July
25,584
32,964
N Y T A Mex .. July
333,900 28o,013
Oregon & Cal if. July
i,2n:;
July
Sonora By
102, 9..
99,015
So Pac Coast. .Illi v
2,265,002 2,250,05-1
So Pac Bk Co. J'ly
274.099
So Pac SS Lines July
July
206,208 246.149
Tex A N on
Southern R:ill\v'\ 3d wk Sept 835,532 708,027
150,095 144,909
TerreH A lnd ... August ..
48,032
55,968
Terre H A Peor.. August ..
wk
11.733
Central
3d
Sept
17,046
...
Texas
Texas A Pacitic.. 3d wkaepi 203,871 209,812
S.OOII
9.100
TexS V & N v\ .. July
9,790
13,477
Tifton Thorn. AG. May
50,202
55,588
Tol & Ohio Cent 3d wk Sep;
21,035
24,013
Tol P A West .... U wkSept
3d wk -sep.
40,015
57,393
To) StL A
10,000
9,050
Tor Ham A Bull 3d wk Sepi
>'
RR
Union Pac BR
Oreg BB A N > August... 4,329,598 1,123,595
Line. )
Oreg Sh Line
i
1
i
1
1
-
i
W
3,913.370 4,773,288
498,510 -4,317,489
4,411,880 9,000,777
102,4*1
85.419
52,533
51,784
139,801
128,378
5,341,154 4,908,081
420,482
390.069
186,143
208.250
22.507
A59.681
17,441
21.803
MI73
5,245,536
1,705,397 1,0, -.113
374.370
359,555
3 78,062
171.933
248,313
215,995
f8,4 75,50'.
2,565,467
256,882
18,682
131,037
f
7.9 18,368
2,437,708
201,959
1
1.076
104.134
0,920.2.11 6,721,677
19,373
37,581
1,939,670 1,848,806
2,003
2,828
503.027
559,954
28,954
29,953
13,776
13,488
60,863
64,880
10.211
13,391
387.099
339,05
1,937
3,938
137,749
175.899
384,159
587.189
27.090
20,301
32,964
25,584
280.OL3
333,966
44.538
44,293
99.015
102,957
2,265,002 2,250,054
274.099
240,149
266,208
9,21,7,945 8,124.848
I
2-11,172
271. 'ISO
91,225
105,402
2,072.556
9,100
133,383
707,391
101.209
120,950
2,158,681
8,600
95,228
676,545
3,32]
273.1 19
678,31
1
96,085
590.-10
111,756
.
Wabash
W Jersey A Sea e
Wheel A LE
•^eptembei
August
September
.
Wichita Valley... July
H tu'sporl&N.Br. July
White Pass & Y'n
si wk Sept
Wisconsin Cent.. Septtrinber
WrightfV A T'n.. July
Yazoo
A Miss.
V.
i
August
.840,908 1,661.284
694,350
336,587
051.l5d
309,892
5,4 II
5.528
14,021
15,947
8,525.740
8,072,287
5,466,144
4,900,003
1,129.281
908,602
5,528
14,021
1,212,231
1,033,526
5,444
15,947
02,1)72
570,3 15
10,727
465,891
489,260
8,198
1,721.281
10.727
429,004
906,951
1,566,889
8,198
839,369
* Figures from Dec. 1 are for the railroad ouly.
6 Covers results on lines directly operated.
fMexicau currency, alnoludes Paducau & Memphis Division from July 1 in both years, t Results on Monterey A Mexican Gulf are
Included from .March 1, 190 j, out for no part of laO
e overs lines directly operated, iuclu tint; the uuilalo A Alle y Val. Div.for both years.
t> Includes the Houston A Texas Central and its subsidiary lines.
Eai mugs oi tue Crow .veil Steamship L,iue, not previously reported, are
((Includes St. Piiil .v Duluth tor both years.
now also included.
c Results on Montgomery Division are included in both years.
f These hgures are the results on the Ala. Midi., Brunswlok A West., Charles. <& Sav., Sav. Fla. & West'u and Silver Springs Ocala A Gulf.
A From May, 1902,
</These tiirures include, besides the St. u <te S.
proper, the Kau. City Ft. Soott A vHiu.iystein and Ft. Worth Jj R. G.
Including earnlugs of the Savannah
tncludes sundry acquired roads.
i Including earnings of the Hancock & Calumet, both years,
Florida & Western in both years, v Inoiudes iJS147,9o9 other income, against $194,3i)7 for a similar period last year.
,..
i
i*'.
t
.
1
1
October
THE CHRONICLE.
4, 1902.]
Totals for Fiscal Year.
In the full-page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
brought together
in the following.
Latest Gross
Allegheny Valley.. ...........
Atlanta * Charlotte Air Line.
......
Bellefonte Central
Central of New Jersey
Chattanooga Southern
Chicago & North-Western....
Chicago Rock Island A Pac..
Ohio. St. P. M!nn. A Omaha..
Cumberland Valley....
Ft. Worth & Denver City
International A Gt North'n.
Manistee A North Eastern..
Manlstlque
Centralt
International.......
Railway
Southern.... ........
Missouri Pacific
Central Branch
Total
National RR. of Mexico
Northern Central
North Shore
Pennsyivania,Eastof P.AE..*
West
of P.
AE
Jan.
Apr.
Jan.
Jan.
Jan.
June
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Jan.
Apr.
Jan.
Jan.
Jan.
Jan.
Pere Marquette
Philadelphia A Erie
Phila. Wllm'g'n A Baltimore. Nov.
Pitts. Olnoln. Ohio.
Blaming*
Period.
Roads.
Mexican
Mexican
Mexlcac
Mexican
A
L... Jan.
Deo.
St.
Bio Grande J unction
8t. L. Vandalla A Terre H....
South Haven A Eastern
Terre Haute A Indianapolis..
...
Terre Haute A Peoria
Nov.
Jan.
to July 31
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
t»
to
to
to
to
to
Ourreni
Previous
Tear.
Year.
18^.019
891.249
31.6J8
Inc.
945
July 31
09
37 767
9 662,303 11,072.9*1
Sept. 21
79.182
63,545
Aug. 31 12,197.260 12,096.179
July 3
Aug. 31 7,326*676 6 "9\0VS
777,504
Aug. 31
689,719
July 31 1,354,094 i.isb.o's
Sept 1 3,277.4 8 3,432.416
197.76a
July 31
203 901
76 421
Aug. 31
78,97ft
21
14.609 5 12 471081
Sept
7
81
Aug.
4,172 28
3.879 911
8.512 900 3,032 800
Sept. 1
446,554
Sept. 1 4
384 209
Sept 2 '4.899,021 24,476,146
Septal
731,31/
973.760
Sept 2 35.630 -3j 25 449,906
6.21«,085 5.541.780
Sept u
Aug. 31 5.402.H45 5 300.345
282,3^4
Aug. 3i
251.103
Aug. 31 73.298.-69 66.017,16*
Ino
Aug. 3
4 260.600
Aug. 3
Aug. 3
to
to Sept 2
6 952 194 6.44.341
3.530 460 3.589,">7ft
to July 3
9.9P9 278 9.727.778
to Aug. 3
to Aug. 31 14,619 158 13.227 9u\
361.0^0
351,97.*>
to July 31
1,784,354 1,66 < .765
to Aug. 31
47,377
to Aug. 3
39 198
to Aug. 3i
to Aug. 3
to Sept. 21
1,409 78«
1,291 044
441 lt-7
460.24^
7 290,930 7.7 >6,152
Texas A Paoltlo
Jan.
2 789 883 2621,«8to Aug. 31
Jan.
West Jersey A Seashore
34.28b
38.557
Wichita Valley
to July 31
Jan.
•These figures lnolude the Buffalo A Allegheny Valley Division In
both years, t The operations of the Monterey A Mexican Gulf are
inoluded from March 1. 1902.
Nov.
Nov.
Latest Gross Earnings by Weeks.— In the table which
we sum up separately the earnings for the latest
week.
For the third week of September our final statement oovers
54 roads, and shows 1415 per cent Increase in the aggregate
over the same week last year.
follows
3d
\eeek of September.
1902.
Previously rep'd t39r'ds)
Alabama Gt. Southern..
.
A
8t.
Peoria A Eastern
Colorado A Southern
Col.
L..
Sandusky A Hooking
Pere MarquettP
Bt. Lontf A San Francisco
9
1,028,074
8.99-
247.051
17.046
24,013
9,0t0
Toledo Pnorla & W«st'u
Toronto Ham. & Buffalo.
.
Total (54 roads)
9
$
7,350877
10,321,931
4l."l
Decrease.
Increase.
9
4*6 111
Texas Central
1901.
8,297.80?
50.704
192,805
2.16*
107,381
415,190
66,064
140.03H
31.307
27.800
207,4' 3
Chattanooga southern.
Oln. N. O. A Texas Pac
Olev. Cln. Chlo.
1
81,149
5542-
137.38<
1.62-7
539
96,49^
881.66©
11.888
31,530
50.4'
15/64
120 9«3
19.075
6,88
24,42?'
24.14V
.......
1
97 904
48 55.
5 313
3-8,20
198 499
11.71
21 035
2,97c
1,010
1,361,476
9,04,S.61
1,279. ne
....
82.159
....
.
Net Earnings monthly to Latest Dates.— The table follow
ing shows the gross and net earnings of Steam railroad t
reported this week. A full detailed statement, inoluding all
roads from which monthly returns can be obtained, is givei
onoe a month In these columns, and the latest statement o»
this kind will be found in the Chronicle of Sept. 20.
1902.
The next will appear in the issue of Oct. 18, 1902.
Qroti Earnings.- —>
ftet karrnnyt.
Current Previous
Current Previow
.
•
i.
—
.
Tear.
Tear.
Tear,
Roads.
9
9
$
Ann'p.W'sh. A Bal.aJuly
8,087
7,759
2,916
Atoh. T AS. Ff. b Aug. 4,858,285 4.941,071 tl.790.130
July 1 to Aug. 01 ... 9,454,993 9,704,573 18,456,415
Atl'ta A Char. A. 1, July
268,941
215,957
90,959
Baltimore A Annapolis
ShortUne.a
July
11,082
10,439
3,582
Bangor <fcAroont'ii bAug.
141306
134,751
47.* 24
July 1 to Aug. 11 ...
261,580
243,716
90,621
Bellalre Z. A Oiu.Aug.
18,420
15,907
5,958
July 1 to Aug. 3 ....
33,178
30,835
9,252
Bull. R. APlttt.h b.Aug.
642.063
596,750
296,464
July 1 to Aug. ...... 1,254,150 1,154,188
573.853
Buffalo *8'Buueti aAug.
75,104
63,879
t30,603
July 1 to Aug. di
142,045
126,521
153.262
Canadian Pacino. a Aug. 3,554,184 3,118,551 1.3e 2,901
July 1 to Aug. 3. .. 6,800,804 6,9 70.006 2,538,612
Oane Relt
Aug.
20,356
6,617
9.234
July 1 to Aug. 3i...
34,177
13.274
13,369
Cent, of Georgia a Aug.
682,150
598,039
163,371
July 1 to Aug. 3i ... 1,360,021 1,16«,055
363,995
Chicago A Alto- a. Aug.
*-90,286
850,618
33»,755
July I to Aug. 31 ... 1,696,760 1,678,276
642,716
Ohio. Burl.AQu
bAug. 5,171,300 4,979,672 2.235,433
July lto Aug. 31.... 9,791,687 9,460,462 4,035,282
-.
,
Gross
Barmngs.
Current
Tear.
>
met Karumgs.T—
Current
Previous
Tear.
Tear.
Tear.
9
9
S
9
Roads.
Chic M. &
Previous
Tear.
$
3,597
t2,069.27n
t4.062,527
68,194
4.347
42,135
79,206
2.778
3,522
277.433
539,323
t?3,867
144,046
1,305,632
2,401,4*9
2,318
4,636
156,487
298.210
311,839
62. -,898
2,141,720
3,860,77*
,
Aug.
3,964,072 3,964,056 1,512.662 1,454,615
July 1 to Aug. 31.... 7,625,465 7,546,097 2,893,697 2,811,903
19.740
8,021
17,177
Col A Hook. C. A [..July
4,293
471, H4
527,941
131,3 6
Ooior'do ASourh h.Aug.
1?4,937
935,686
247,d06
July 1 to Aug. 31.... 1,012.141
239 046
aAug.
67,564
68.933
22,633
Detroit * Mactr
13 785
133.031
137.001
42,-17
July lto Aug. 1 ...
29,625
263 443
243.519
114,407
Dul. So. Sh.AA" b.Aug.
97 476
5o0,660
499,147
229,tf48
July 1 to Aug. 3i ...
207,785
164,426
139.428
Aug.
47.635
Georgia a
22,912
320921
267.516
q9»,993
July lto Aug. 8 1... .
ql8,256
201,518
206.011
Aug.
3Z.833
Iiwa «ntrai a
28 871
409,996
383,188
6*,9u3
July 1 to Aug. 3 1 ...
69,421
62,472
d a Aug.
88.391 def.6.628
Kan*wha&
26,991
121.899
166,655 def. 11,743
July lto Aug. 31 ..
39 755
510,048
444,968
135,661
Kan »)lty South * Aug.
132,630
992.al0
825,8. 6
249,866
July 1 to Aug. 3i ...
21a,u01
Lenlgh Val. RK a. Aug. 1,617,128 2,445.737 df 212,772
526,266
July lto Aug. <i .. 3,000,079 4.55i,f>92 df.o24,156
832,382
a Aug.
128,593 1,779,025
Leh. v. OoaH
def.95 832
246,891 3,204,134 df 316,160 df.207,123
July lto Aug. >i ...
df 35 372
Total both oo« a. Aug
430.434
df.940,317
July i to Aug. 31
626,459
-Aug. 2,771,898 2,435.640
82^.415
.ooisv.A Nasi743,181
July 1 to Aug. 3 i ..5,481.136 4,747,030 1,630,974 1.290.L70
Aug.
533,803
498,549
197.869
Me*, internal'
189,609
.: 4,172.287
3 879,911 1,592,710 1,715,657
Jan. lto Aug. 3i
Aug. 1,699,137 1,301,222
MexlanOent
49l,06>
2<0,i96
Jan. lto Aug. 3 L... 13,491,608 11,544,014 4,02^,737 3.U5.018
3.812
2,925
1,277
MUlen* Southwest Aug.
594
7,702
5,3>9
July 1 to Aug. 3- ..
1,727 def 1.528
44.291
55.600
Mineral Rang* .. Aug.
9.031
16,790
93.L97
107..21
July 1 to Aug. 31 ...
16,497
26,200
307,023
307,717
Minn & St. Lohik a. Aug.
135,'<56
139,661
6uf,118
624,536
July lto Aug. 3i ...
267,463
259,724
579,969
482.589
26<,979
M. 8t P.&8. S M.b Aug.
240,388
928,508
5d»,756
July 1 to Aug. 3 ... 1,172,448
444.250
b..Aug. 11735.608 n650,l8l n245.822 n202 590
8Usb Ch.ASt
July 1 to Aug. 01... 111,475,427 nl, 273,135 11. 93,361 nj79,752
681,836
692,936
N»rthern Centra. bAug.
20^.1'e
216,576
Jan. lto Aug. 3i .. 5,404,845 5,300.345 1,*99,492 1,440,692
NorfoikAWest'L.a Aug. 1,713,4' 3 1,437,511
713,771
t22.30«
July 1 to Aug. 31.... 3,276.240 2,775,118 1,347,038 l,lo7,594
St. P.a.
<
<vi
i
.
dM4V99
«
•
.
1
1
Pennsylvania—
L'nes dlreotlyoperated
jE*stof Pitts A, E.Aug. 10,106,990 9,214.590 3,842 462 3,783 462
j Jan. lto Aug. 31. ...73,298,36* 66,0. 7,16tf 25.120.0o6 22,r>87,856
#estofP1ttn
Aug.
Jan. 1 to Aug. 3. ...
(*Bil.wum.&B«.n bAug.
Nov. 1 to Aug. 3.....
aeadlng Companv—
fnlla. (fcReart'e b.Aug.
July 1 to Aug. 3 1 ..
Coal & Iron »(>.«. Aug.
July 1 to Aug. 3 1 ..
Total both Co.- s. bAug.
July 1 to Aug. i>l ...
Aug
Reading Co. 1
July ito Aug. Ji
Ino.
382,700
Ino. 4,260,600
t".
1,151.027
9,999,278
1,078,227
9,7;s7,778
Deo.
87,500
Ino. 1,046.800
419.126
3,174,0iy
1,992,195 2,570,169
535 837
8,913,370 4.773,28-* 1.0-9.645
242,313 2,42i,9-<3 df.282,1 44
498.510 4.317,489 df.040,911
2,234,508 4,995,152
253.693
4,411,880 9,090,777
49^,734
116,500
235,404
TotalallCoiui -bAug
370,193
JulyltoAug.ii
734,1^6
8ioo>randeSonn, Aug.
49.987
49,609
26,476
107,896
97,225
July 1 to Aug. 31 ...
59.708
aAug.
103,804
132 915
8t. Jos. <k Gd. ^
28.722
186,143
268,250
40 301
July 1 to Aug. a. ...
»Aug. 3,498,256 3.073 845 1,055,567
Southern Rail w
July lto Aug. 3i ..6,789,672 6,990,5aO 1,847,540
Texas Central. a.. July
25,567
39,413 def. 3,839
Toledo *0.< lent. a Aug.
262,962
265,630
45,557
536,641
5'6,343
July lto Aug. 8 L ...
119,559
loloii PacSvst'mn Aug.
4,?29,598 4.12<,595 2,'>9.',085
July 1 to Aug. 3 .... 8,521,740 8.072,287 4,19o,505
Wabash. b...
Aug. 1,903,705 1,686,3-9
633,698
July lto Aug. 3 1 ... 3,623,236 3,^38,719 I,l0*,7l9
*JeRny&8e»fiHAug.
694.350
651150
353,961
844,0.-5
Jan. lto Aug. 31 ... 2,789,883 2,621,883
VisoonslnCentian.Aug.
594,016
549,370
24-\125
July lto Aug. 31.... 1,141,936 1,077,629
449.880
v
10,06'
1
725
•
,
3,tit 8
25,01).'
182.39*-
Net Increase 14M 5 p.c).
i
,
420824
8,010,819
1019 276
l,77s282
237 544
.
2l3,'502
1,256 820
1.990,784
78,877
161,211
1,3^698
2,151,996
24 043
47^152
45 898
98,389
938.188
1,65p,595
5,877
73.412
147,746
1,92« 207
3,a25,925
525 600
948,663
320 561
782*,955
214 343
419,104
m Net earnings here given are after deducting taxes,
b Net earnings here given are before dednntin a tst •
These flaure8 include results on the Buffalo & Allegheny Valley
Division in both > ears.
u Includes Paduoah A Memphis Division from July 1 In bota years.
Rxpen«ec for Augu»t 'nclade $34,0"5 paid for impro omenta on this'
division atd $o4,358 from July 1, 1 902.
q including remittances from oonneoting roads, total net inoome for
two monfhH Is $lzo,993, against $46,256 for the same period la«t year.
t Afier adding $5,288 other inoorae for August, 1^0;, and $2,812
for August, 1901. total net iuoome amounts to $35 891 and $2b,679.
i-roui July 1 other Income amounts to $10,154 and $5,681, 11. a'klng
total net income *6 J,i 16 and $ iv<,727 resot-oti vely.
t For Augast, 1902, taxes and rentals, amounted to $189,607, against
$169,147, after deducting wiiloh net for August, 9 >'Z. wan $1,60 J, 523,
against $1,900,131. Fn.m July 1 to Aug, 31, 1902, taxes and rentals
amounted to $379,341. against $340,317, after deducting -which
j
.
net
was $3,077,09 1, against $3,722,210.
Interest Charges and Surplus.— The following roads, In
Addition to their gross and uet earnings given in the foregoing, also report oharges for interest, &c, with the surplus
»bove or defloit below those oharges.
,
Boads.
Int., rentats, etc.—-* >-Bal.
Current
Previous
Tear.
Tear.
S
S
808,524
1,617.048
5,343
813,000
Ohio.Rnrl.A QnmcyAug.
July lto Aug. 3 ... 1,626.000
4,704
Col. A Hook. O. Air. July
of list Barn's.-*
Previous
Tear.
Tear.
Ourreni
f
1.422.433
2,409,<82
12,473
8
1,333,196
2,243,724
def.1,050
l
..
THE OHJWNICLR.
726
—Int.,
of Net Barn's.—
Current Previous
Previous
Year.
Year.
Year.
9
*35 380
•20,231
77,642
"? 0,438
*50,723
157,286
•16,559
10.980 df.*19.144
-19.151
21,742 df.*36,9*8
•954
"8.894
7,947
*891
•9,916
16,389
152.610
94,635
50,080
305.020
190,987
74,732
502.391
192.162
430, 47
925.015
384,323
783,271
Ren latb.etc.——* ^Bal.
Current
& Atl. ..Aug.
to Aug. 31 ...
Dul. Bo. 8b.
July
—
»
1
Kanawha A Mloh. Aug.
Aug. 3u...
July
Mineral Range. b.. Aug.
July 1 to Aug. 3
Nash v Chat. A «t. L.Aug.
July 1 to Aug. 3 1
Norfolk A WeBt*n....Aug.
July 1 to Aug. 81...,
1 to
.
Year.
9
79.642
169,787
13.118
25,457
8,197
16,394
151,187
302,374
211.380
421,093
-
S^.OS ? df. 51 0.807
881.000
1,762,000 1,758,164 df. 1027864
7 442
18.034
19.034
KloOr»ndp South. Aug.
21.641
35,717
38,067
July 1 to Aug. 31....
17,055
8,750
11,667
St. Job A Gr Iel'd..Aug.
16,967
17,500
23,334
July 1 to Aug. 31 ...
•6.9
41,515
38.968
Ohio on. .Aug.
Toledo
•42,696
79,714
77,943
July 1 to Aug. 3i...,
•99,146
139,603
145,426
Wisconsin Central. Aug.
•160,741
281,585
293,100
July 1 to Aug. 31....
• Alter allowing for other lnoome received.
All companies... Aug.
July 1 to Aug. 31....
i
<fe
456.616
893,832
6 009
11,435
37,148
80,889
*32,108
•68,967
•74.880
•187,199
—
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnxngs.
Week or Mo
Our'nt
Year.
fan. 1
Prev'ut
Year.
$
American R'vs.Oo.i.
Athens E lee trio By..
Bingham ton RR
Br*kivn RapTr.Co.
Borlingt'n (Vt ) Trao
Canton Akron Ry.. )
CanL-Maxs'ln Ky. S
Charleston Cons. Ry.
Gas A Eleo
Chionuo & Mil. Elec
On. Dayton &Tol. Tt.
On. Newp. & Cov. Ry.
Ry. A Light
(Muscatine, Iowa)
City Eleo. (Rome.Ga.)
Cleveland Electric ..
Oeve. Ely A West...
Oeve. Palnsv. AE...
Dart. A WportSt.Ry.
Detroit United
Detroit & Port Huron
Shore Line
Detroit Uostla'tl Ann
August
August
August
August
August
August
August
August...
August
July
12M69
3.506
23.M7
91 152
8 02
2i,4-0
1.328,951 1 182,885
7,2ft
b,277
to
Latest Dale.
Ourrent Previous
Year.
584.162
29,9 8
2-),863
141 32b 134.6.">8
8,716.133 8.299 387
45,660
39,6b5
45,474
2-i 042
128,059
112,961
76,620
500,037
461,258
7,655
6,963
45.290
40,505
I
wb Sept
Arb A Jackson Ry. August..
Daluth .-"uji Tract.. / August.
Dulnfh Ht. Ry
\
East. Ohio Traction.. August..
Elgin Aurora A »oa August..
May
Galve»ton City
Georgia Ry. A Elect. May
HarrlBbnrg Traction An trust..
Intern'' Ry. Buffalo) AugUBt..
Lake Shore Eleo. Ry. August..
August..
Lehigh Traction
London St. Ry (Can.) August..
Lob Angeles Railway July. ..
Mad. win Traction August..
Met. West Side Elev.. August..
Milwaukee Eleo Ry.
August..
A Llgut Co...
Moni i>-al Street Rv August.
Mask. Tr. & Light. Co.
Street Ry. Depart.. August.
Eleotrlo Llgh Dep. August..
Ga» Department... August..
July
Nashville Ry
New Loudon St. Ry.. August..
Northern Ohio Tract. August..
Northwestern Elev.. August..
Oakland Trans. Cons August..
Olean lit. Hallway... June
Orange Co. Traotlon. July
Pacific Eleotrio
August..
Philadelphia Co. J
August..
Potts v'e Union Trao. July
Railways Co. Gen.—
i
Roads
August
August
Light Go's
Sacramento Electric
August
Gas A Ry
August...
Louis Transit
81oux City Traction.. August
South Aide Elevated. August
Springfield (ill.) Con.
St.
7,591
6,478
808,922
47,9- 8
7,686
16 102
118,777
349226
296,084
241,397
41.021
6
270,135
56,^14
601,110
306.736
*< 86,150
i,234,7«2
1,787 764
44,45
12./87
16,^60
91,5o9
280.823
68.338
97,503
804, 29
52 796
231,724
41,76
16.515
37,29o
10,56*
90 28<
42
7,581
1
416418
257.273
May
Ven'go Pow. ATr.Oo August
Wash Alex. A Mt.
Vernon By
June
Year.
9
$
—
Year.
$
1,226,954 1.132.385
2,463,355 2,330,942
Year.
$
594.867
1,1(9,163
448,364
963,308
96,416
46,960
y228,641
M.ASt N Ave.—
Apr. 1 to June 30 ...
223,706
210.735
Jury 1 to June 30....
815,172
697.748
Lake i-hore El.Ky.aAug.
44.454
47,968
Jan. l to Aug. 31
231,724
285,823
Milwaukee Eleo. Ry. A
Light Co
Aug.
242,508
210,061
Jan. 1 to Aug. 3i
1,745,610 1,567.316
New London St. Rv.Aug.
12.427
11.592
July 1 to Aug. 31....
28,2-8
23,379
Jan. 1 to Aug. 31....
61,519
48,745
Oaki'd Trans. Cons. Aug.
84,531
74,088
Jan. 1 to Aug. 8i....
612,391
Pacific Eleo.Ry.b..July
63,932
Syr. Lakes. A Baldwinsv.
Apr. l to June 3o....
18,903
18,800
y372,619
2l,«47
24,855
78,342
100,691
122.968
909.838
6.840
12.412
19,422
38,874
242,172
29,640
113,868
782,564
6.797
13,694
18,204
28,882
y3,679
yS,984
Interest Charges and Surplus.— The following Street
addition to their gross and net earnings given In
the foregoing, also report oharges for interest, &c, with the
<urplus or deficit above or below those oharges.
all ways, tn
Int., rentals. etc.
Ourrent
42d8t. M.
Apr.
1
July
1
—
.
.-Bat. of Set Barn's.-*
Previous
Year.
Year.
S
S
Current
Previous
Year.
Year.
2
$
A St. N Ave.—
to
to
Milwaukee
Light Co
June ."0
June 30
...
Eieo. Ry.
272.222
376,316
34,772 df.175,806
127,914 def. 3,697
12.188
100,727
67,840
516,479
14,520
62,342
490,104
62,128
393.359
15,120
51,526
292,460
7,977
7,266
def.4,298
def. 3,282
A
Aug.
Jan. 1 to Aug. 31 ...
Paolllo Electric
July
Syr. Lakes. A Baldwinsv.
Apr. 1 to June 30
American Light & Traction
Co.
Net earnings for month of August. 1902
Less amount pro rata for dividend on preferred stock
.$63,066
47,854
Surplus for month
915,212
Surplus for month of July
$12,631
P>u» earnings for month of July on stook acquired
subsequent to thatreport
9,012
21,643
Total surplus lor two months
91.675
609,197
$36,866
ANNUAL REPORTS.
155,153 125,947 1.243,555 1,094,338
243.508 210.061 1,745,610 1,567,316
1*9.405 181,860 1,364,072 1,259.535
13,817
1,943
2,603
11,13
1,H»5
75 60<
65,32<
12,427
84.340
89,66o
84.531
6,569
13.0< 9
68.60"
11,592
67,693
77,144
74.0S8
5,9»4
13.387
2.1-.3
476.221
51,519
4219(6
484 407
762.048
48.74
403.508
655,723
612.391
25,526
55.381
"23".752
65,170
J28 898 9,023 183 7,953.307
17,044 19,122
93,197
94.725
1,061,879
84,083
27,239
181,623
1,921
1,574
13,991
146,406
13,05i
34.S64
41 241
297.334 267,963
579,675 509 048 4.169 336 3,801,408
22.512 20,944
160,225
138,407
105,918 94,7/2
927,925
862,562
267 435 221.541 1,109,785
24,31i
15,728
17,313
Annual Reports.— The following
is
an index to all annual
and miscellaneous
reports of steam railroads, street railways
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
.
August
17,594 16.672
121,564
106,366
24,34u 16,849
Tol.BowlGr.A8o.Tr. August
158,87b
114.117
138.e4'< 124 4^1
Toledo Rys A Light. August
941 419 844.481
September 196,010 160 *3S 1,341,252 1,208,334
Toronto Hallway
Twin Oty Rap. Tran 3d wk Sept 66,80b 58,94^ 2 576 003 2,258.9>6
38 89o 33 106
tTnion (N. Beflfordi.. August
322. 2o7
1*2 3*.
94,41.
74,257
Union Trao. of Ind.. August
618,061
471,582
United Traotlon— ; August
140,724 126,875 1,004,693
885,194
Albany City
\
Year.
85363
Ry
United Traot. <Prov.)
Roads.
Brooklyn Rap. Tt a.Aug.
July 1 to Aug. 31
250,439
30,6*5
51,457
21,902
43.507
17,734
07,716
46.664
371,785
—
,
Roads.
45,217
25,529
49.301
77,887
August
3.6rf8
28,017
27,835
8,581
AUgUBt
234.738 209,46 1.642,381 1,472,925
158.r>«l
89.505
August
32,571 27,30"
23,760 20.770 125,966 10j,362
August
21 066 17 5>«>|
91,64*
AUgUSt
82.152
8d wk Sept 69,963 59,1/5. 2.467.404 2,149.173
3d
—
roads that is, we print eaoh week all the returns received
bat week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
tn the Chronicle of Sept. 20, 1902.
The next will appear
in the Issue of Oct. 18, 1902.
Gross Earnings.
>,
Net Burnings.
Ourrent Previous
Ourrent Previous
635,373 619,344 6171,277 6109,356
Ot liens
July
Street Railway Net Earnings.— The following table gives
the returns of Street railway gross and net earnings received
this week.
In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
y Includes " other income."
Year.
9
7S3.2H7
i
i
.
The following table shows the gross earnings for the latest
period of all street railways from whloh we are able to obtain weekly or monthly returns. The arrangement of the
table Is the same as that for the steam roads that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the oalendar year from January 1 to and including suob
latest week or month.
Gross
LXXV.
•These figure* are for the corresponding period of 1900. as the tig ures for 1901 were unusually heavy, owing to the Pan-American Ex position at Buffalo.
6 Figures for i901 are for Oanton-Masslllon Rv only; In 1902, sinoe
June I, are for Canton Akron Ry., inoluding Canton- Massil Ion Ry.
he latter separately earned in August, 1902, $2tf,432, against $19,344
In the corresponding period lnl901.
42dSt.
STREET RAILWAYS AND TRACTION COMPANIES.
Earnings,
[Vol.
.
<
Beading-
.
989,296
15,457
\ The Be are results for properties owned.
t Results now include the Pittsburg Railway Co., operating the Consolidated Traotlon and all the other controlled properties in Pittsburg.
RAILROADS. ETC.—
Alabama Great Southern
American Agnc. Chemical
American Hide A leather
Page.
6n4
440
496
American Loo- motive (1 H mos.). 60-'
548
A mem an Smelting A Refining
Aiiicri i»o Tnread
666
Ann Arbor ..
607
Merchants'
Asftociated
(report for
Half-year)
440
Atcois n Top. & Santa Fe
064, e.78
Counties
Power
610
Bay
Boston A Maine
340
Buffalo Rochester A Pitts
840, 846
BuOalo A Suusqnehauna
fflcial statement).
Huuerick Oo.
Calumet A Heel* Mining
Canadian Pacific
646,
:»1
238
238
558
Central Foundry
84U
Central Coal 4 Coke Co
184
Central of Georgia
439
Ones peakeAonio
547, 561
340
Chicago Burlington A Quincy
l"9
Chicago A Kastorn Illinois
i
Chicago Great Wesiern
547, fib*
Milwaukee A St. Paul... 647. 550
438. 444
Chicago A North Western
Chic.
Inc. A St. Louis. .431),. 4K4
CI eve. Ota.
Colorado A Southern
607
Cons hdatt'd Lake Superior.. .665. 6««2
Denver .* Rio Grande
... 606. 614
Det Mack A Marq. RR.land grant
i
mart, statement 1879 to 1902)...
Erie UK
Fort Worth A Denver City
Georgia Southern dt Florida
Gila Valley Globe * Northern..
182
89*
6 '7
608
840
statement) 54"
Illinois Brick (balance sheet)
610
Illinois Central
688, 67o
Gulf
A
""Dip lsl'n<i(adv
Railroaor. Rtc.— (Con.)—
Poos.
440
648
330
609
495
International Paper
Louisiana
A Arkansas
Louisville
.v
Nashville
Maine Central
Manhattan Kailway
Missouri Kansas A Texas
Montreal Light Heat A Power ...
Nashville Cnatt A St. I.» U is.
Nat. Asphall Co of America statement for years 1900 and 1902
Nat. Enameling A Stamping
608
JJ38
287
188
841
841
610
605
NorfolR A Western
494, 501
Nova Scotia Steel A Coal
392
Oregon Sbi.rt Line abstract of 4
p.c a d partici atlnggold mort.) 248
New Kngland Cotton Yarn
Now fort Dock
New York Ontario A Western. 495,
I
Page Woven Wire Fence (statement April 1. 1H02)
... 288
Peoria A Kasiern
Republic Iron A Steel
Louis A sun Francisco
San Francisco A North Pacific...
St.
Southern In ilaua
Southern Ry. ..
standard Hope A Twine
Texas Central
United States Knvclope
Virginia-! irolina Chemical
Wabash RR
Yazoo A Mississippi Valley
..
489
*>8
288
664
837
438, 447
610
609
496
496
6'8, 68«
606, 617
Strkbt Raiiwats—
Chicago Union Traction Oo
188
618
892
609
Union Tract ion
Unites" Traction Co. (Albany, Ac). 664
T act. (Butlalo,
New York A yueens to
International
etc.)
)
.
October
THE rHHOWlCLH.
4, 1902. J
Central & Had son Hirer Railroad.
(Report for the year ending June SO, 1902.
Full extracts from the annual report of the directors, with
many tables of statistics, will be found on pages 787 to 740.
Comparative statements for four years are as follows
EQUIPMENT AND FISCAL RESULTS.
New York
:
1899 00.
3.320
1900-01.
t3,223
1,729
2.104
61,955
1,805
1.602
2,058
61,966
1,524
1,303
1.527ia
58,651
1,116
1901-02.
Miles oper. Jane 30.
Equipment—
Locomotives
Passenger equlpm'nt
Frelghtcars
Service oars
Floating equipment.
2,929
1898-99.
2,395
1,137
1,437
42,119
1,4.6
194
186
149
194
"The pasooneer and freight statistics are given on page 740.
$
Earnings from —
40,659,779 39,550,399 34,273,141 27^29.984
Freight..
20,86P,357
1*,464,'
94 13,723,1 15
23,807,085
Passengers
1,401,937
1,714,615
1,2 9,840
Express
*»5SZ»H?5
2,378,305
2,004.804
186,660
2,046,000
1,865,190
70,903,868
Malls
Rentals
Miscellaneous
Total
Expenses—
Maiot'oe of wav. &c. 8,600,032
Maint of equipment 9,27o,964
27,?05,999
1,786,494
Transportation
General
.46,863,489
Total
P.O. of exp. to earns. (6609)
24,010,379
Net earnings
1,882, 3<»8
290,550
1,698.451
1,676,027
49,102
66,333,111
54,562,952
46,184,658
7,818.966
7,832,939
25,377,9 '2
1,558,339
7,190,286
5,598,092
19,90^,226
1,356,983
4,700,294
5,033,096
42,588,216
34,051,587
(64-20)
23,744,895
(62-41
20,511,365
1,6*4,182
f 5,248
18,25< ,703
1,144,»88
29,128, u 8l
(S3 07)
17,055,676
Add—
3,170,244
3,170,655
3,163,523
663,825
657,866
647,351
584,284
741,459
446,061
75,997
62,596
84,«92
27,249
132,153
14,612
51,424
28,916,402
28,275,189
25,228,110
21,380,348
7,624.934
9.201,619
7,43 ',585
2,339,0->4
1,936,907
748,285
237,816
7,487,755
5,903,501,738,127
136,838
108,448
68,648
1,899
103,047
68,514
2,611
102,769
65,423
108,334
55,064
92,649
142,614
224,845
35,675
20,5i-9,685
8,816,718
20,283,005
8,042,183
16.949,083
8,279,027
15,465,296
5,915,052
300,000
300,000
300,000
300.000
and sundry bills...
sundry acots.
727
1901-02.
1900-01.
189900.
1898 99.
982
950
977
Miles "operated June 90.
939
Operations —
4,004,906 3.428,562 3.989,032 3.636,809
Total ton« oarried
..6363^3127 522867887 571086^38 513385516
Tons carried mile
709 ots. 0742 ots 0742 ots.
Aver rate per ton p. m..
259-98
258
257
Aver rev tons p train m. 286-64
$2-03
$1-9L
E*rn*. per frt train m..
1,059.910
980.890 1,022,109
No of pass. oarrled
965,720
No. of pass oarried I m 58,036.192 54,134.195 55,531.569
64-33
54-76
55-19
5272
Aver. dls. oar'd. miles.
Aver earns, per pass. \ 208
203
208
203
.Cents J
per mile...
Ave. earnings per pass. ) 88
00.07
0.4.7a
80-52
Z9
37
84
75 74
train mile ..... .Cents?
$6,178
Gross earns, per mile... $5,575
I
'
Earnings—
$
Passengers
Mail, express
and mlso..
Total
Expenses —
Matut of way & struct.
Maint. of equipment
Conducting transport'n.
General expenses
Total
of
o.
$
3,879,047 4,174,776 3.757 198
1,180,763 1,182,493 1 08 a ,681
280,147
265,234
264,465
272,139
4,508.»77
1,267,360
Freight.
6,041,471
5,324,275
5,637,416
5,118,019
78 ',674
609,597
630,100
478,313
766 685
492,260
2,253,947
2,112.784
238,156
245,316
2,102.167
219,824
583,056
411,147
1,6*7,667
375,620
3,883,374
3,466,463
3,580,936
3,057.490
exp to earns...
(64-28)
Disbursements—
on funded debt.. 7.688,333
Int.
9,174.239
Taxes on real estate. 2,595,728
Tax rnoapltal stock. 869,736
Rentals leased lines
Tax on bonded debt.
Tax on gross earn'gs
1
internal rev. tax
Int. on loans, notes
U.
8.
and
bills
payable.
.
Total
Net Income
Deduct—
Res. to redeem bonds
,903
6,9-19,127
(5)5,961,411 (5)5,750.0t 0(4%) 4937500 (4)4,000,000
1 ,500,000
2 ,000,0>
Special Imp' ve't t and 1 ,750,0c
305,307
7,550,000
492,183
7,237,500
1,041,527
4,300,000
1,615,052
4,228,225
143,500
156,195
657,322
4,533,532
685,683
501,875
1,197,722
2,272,374
41,645
427,216
94,719
23,985
238,837
1,493
801.294
97,755
468,857
620,f>79
240,330
899,049
8.011,411
Surplus for year
Ada sundry profits
leasea lines, prem.
on
stock, etc
Beech Cr. BR. eqnip't
(59 74)
Balanoe.net earnings.
Other income
2,158,097
37,076
1,8*7.812
24.762
2,056,480
8.278
2,.
Total net Income
Taxes acorued
2,195,173
218,493
l,882,f>74
2.064,758
2,48 a ,559
213,115
206,705
191,512
1,976,680
1.669,459
1,858,053
2,297,047
Balanoe
60,529
8,030
4.
INCOME ACCOUNT.
16,3' 8
Dividends
(63-52)
(n5-ll)
1900-01.
1901-02.
Gross income
J
Wisconsin Central Railway.
(Report for the fiscal year ending June SO, 1902.
The remarks of President H. F. Whitcomb are given in
full on pages 741 and 742.
Below are comparative statements for four years:
P.
Div. on L. S. & M. 80.
3,170,244
stock owned
Divid'd on Michigan
672,572
Cen. stock owned..
Dlv. and Interest on
894,615
securities
other
Int. on loans, notes
Profits,
J
8
.
Net Income as above
Deduct interest on bonds
>ednot rentals acorued
$1,976,680 $1,669,459
...$1,113,789 $1,086,669
876,364
332,829
6.422
3,844
I
Miscellaneous
$1,496,575
$480,105
Total
Surplus
$1,423,340 $1,365,138
$246,119
$492,915
CONDENSED BALANCE SHEET JUNE
1902.
Assets—
$
Road
Kqulpment
Minnesota real
$49,440,620
4,024,078
A
impts...
Material In private tracks
Stock In treasury
Stooks and bonds owned
Trustees
Sinking fund
8 peolal improvement fund....
Supplies, etc
est.
Fuel
Agents and oonduotors
Uniod States Post Office
Individuals and oompanies...
Cash
Land department
Locomotives and misoellan
127,397
2,585,019
53,932
78,038
1,311
171,659
436.201
19,9c 9
361, 980
31,250
142,557
1,383,581
216,683
176,858
1899-00.
$1,858,053
$1,0.6,954
338,184
80.
1901.
$
1900.
$
,584,840
4,024,078
$16,Ou7.480
570,960
524,705
68,519
4,453,000
52,411
78,038
44,581
137,9
2,585,020
53.778
78,038
400.142
792.316
539,0u2
62,645
290,939
30,429
214,176
667,968
189.173
139,829
3,917252
560,647
15,911
286,506
29,986
24,687
1,185,848
259.305
2,283
Deduct exp*. refund,
bonds & lss'g stock.
Deduct niisoelianeo's
8ur. to
15,104
957,392
1,373,325
profit and loss. 4,064,675
CONDENSED GENERAL BALANCE SHEET JUNE 80.
19-.
AssetsCost of road
Real estate
Buffalo grade crossings
Leased lines construction
1 02.
$
19< 0-01.
$
1899 00.
$
119,2o6,152 117,781,232 116.592.816
19.432,414 19,161.477 18,1*9.007
2.102.017
2,009,429
1,870,862
7fr»,7ll
2,457,855
45,903,733 44.707.06J 43.P66.126
Equipment
RR. st'ks owned* (proprl'ty Int.). 115.136,030 114,724.030 120,185,407
3,344.695
Railroad bonds owned
3,811.412
8,438,156
4,091, vOO
8,574,300
3,912, >-85
Miscellaneous stooks owned
3 460,726
2,044,275
Real e*r, not used In oper. of road 3,031,069
2,256,363
1,905,878
Bridges at Albany
1,90 ,878
5,774,764
Advances to N. Y. & Harlem RR. 5,830.917
S.offiBl
••
895,ft99
other RR. comp'ies.
2,299,363
1,455,716
"
mlscel. oompanies
1,176,630
562 172
700,663
Cash
14,736,768
5,721,202
5,075,052
Traffio balances reoelvable
4.153,63
3,597,053
3,626,011
8ubury collectible accounts
6,472,713
6,034, 216
4,465,840
Fuel and supplies
4,646,193
4,083,307
3,960,154
Sinking fund for deben's of 1890 1,807,637
1,19-, 843
1,506,906
Securities acquired from lessor
companies
3,039,713
3,039,713
2,914,150
.
Total assets
Liabilities
365,717,724 342,794,583 340,550,911
—
Caplatl stock
131,908,000 114,995.100 114,995,100
C nsolldatiun certificates
4,9u0
4.900
4,900
Bonded debt (see Inves. Bupp'T) 193,778,356 193,772,941 185,751,021
Bond and mortgage payable
Loans and bills payable
Wag*-s and supples
157,000
157,000
5,061,916
2,0-9,066
5,852.609
1,648.911
78,536
1,278,893
Special improvement fund
1,734,873
Securities in trust for lessor oo's.
3,039,713
Aooounts with lessor companies 3,250,285
Profit and loss
15,834,667
3.946.M71
1,582,633
6,885,112
1,437,500
7r,654
579.908
1,821,709
3,039,713
3.724,448
11,769,994
TrbfBo balances payable
Interest and ren'als accrued
Dividends payable July
Dividends and int. unclaimed...
Sundry accounts payable
7.000
6,461,037
5,566,v05
1,738,057
5,603.862
1,437,500
79,0">6
1,1 6,245
2,000,000
2,911,150
1.1*18x7
11,754,889
Total liabilities
365,717,724 342,794,583 340,550,911
* Proprietary Interest in other lines through ownership of stock is as
followB Lake shore & Mich. So. Ry., $90,578,40u; Mich. Cential RR ,
$19,336,445; Cues. & Ohio. $1,6j8,4*5; Pitts. & Eastern, $150,000;
Dun. Al. V. & P RR , *lo6,912 ; Syr. Gen. & ;. Ry., $«02,s,5 Car.
Wat. &8. Har RR., $483,800; New Jersey J unotlon KR., $100,000;
N. Y. N. H <te Hart. RR, .* ,050,000; other railroads, $839,143 total.
$11. ,136,030.— V. 75, p. 667, 550.
:
Total
$59,251,083
$59,361,306 $57,540,561
Liabilities—
Preierred stock
Common stock
$12,500,000 $12,500,000 $12,500,000
17,500,000
17,500,000
17,500.000
Ponds (see Investors' Supp.) 26,869,500
26.2'>6,500
27,634,500
Vouchers and payrolls
458 030
423,383
300,633
Int on funded debt accrued..
539,549
554,702
633,*43
Equipmt-nt renewal account..
128,2f0
41,655
21,773
Sinking fond trustees
263.584
225,637
Accounts payable and mlscel.
81.555
231,662
40,936
Locomotives
122,937
128.458
Profit and loss
276,935
632,049
867457
Total
— V. 73, p.
.$59,251,083
$59,361,306
$57,540,561
838, 850.
Hocking Valley Railway.
(Rtport for the yar ended June SO, 1902.
The remarks of President N. Monsarrat, as also the balance sbeet, income account, etc., will be found in full on
pages 740 and 741.
Various operating statistics of interest follow:
OPERATIONS AND FI8CAL RESULTS.
Operations—
1901-02.
1900-01.
Miles operated Jnne 30...
347
347
Passengers oarrled
1,947,605
2,044,306
Passengers oarried one mile. .., 3 2,862,4 1
32,307,038
Aver, receipts per pass, per in.
2-08 ots.
2*21 ots.
Tons of freight oarried
8.156,514
6,7.^6,611
Tons of freight carried 1 mile. 1003871955 833.528.765
Average receipts per ton perm. 0-428 cts.
0-412 ots.
Aver, train load (tons)
678
645
Earns per pass, train mile
95-36 ots.
$1 09
Earns, per freight train mile. .
$2-90
$2-85
Earnings—
Coal
Freight
1899-00.
346
1,538,967
32,993,322
1 86 cts.
6 691,394
805,317.681
0-44 8 ots.
646
82 95 ots.
$2 89
$2,391,296
1,902,137
726,001
40,657
37,342
219,089
$2,161,975
682.2-3
40,689
34,529
208,716
$2,042,722
1,564,654
623,361
40.691
30,121
115,718
$5,316,522
$4,653,2; 8
$4,417,267
$568,155
860,268
$516,802
747,463
$454,245
624.547
1,284,291
Taxes...
1,53*,576
124,623
143,709
106,946
129,783
1,344,431
102,118
116,467
Total
$3,229,331
$2,785,285
$2,641,208
Per cent of expenses to earns.
(60 74)
Net earnings
$2,087,191
(59-86)
$1,867,5*73
$1,776,059
Passenger
Mall
Express
Miscellaneous
Total
Ex
1
n uses
—
Mainte .ance of way, <feo
Maintenance of equipment....
Conducting transportation
General
1,52\056
;
i
;
(59-79)
5
.
)
1
THE CHROJNlLLE.
INCOME ACCOUHT.
GENERAL BALANCE SHEET JUNE
1900-01.
$1,867,973
1901 02.
Net earnings
$2,087,191
269,043
Income from securities
Net income subsidiary oomp's.
181,388
54,118
Miscellaneous income
Total Income
Deduct—
1899 00.
$1,77 6,059
252,177
211,197
10,710
108,199
187,190
$2,591,740
$2,342,056
$2,071,448
$839,539
45,315
24,564
$819,764
62.042
24.428
$807,369
611
Interest on funded debt
Interest on unfunded debt
Lease rentals
Dividends on common stock ..
Dividends on preferred stock.
Net deficit— subsidiary co'8....
12,208
(3)312,648 (li«)156.324
(4)560,0*
(4)560 000 (3^)430.000
79,950
81,645
82,711
Total
Balance, surplus
$1,862,016
$729,724
$1,704,203
$637,853
BALANCE SHEET JUNE
Assets—
$1,332,899
$738,549
30.
1902.
Koad and equipment
1901.
1900.
$30,417,380
$30,162,776
12,210,436
46i,615
1,025,000
1,022,797
235,690
11,801.253
413,082
212,302
703,650
959,912
82H.409
243,625
$48,560,578
$4,5,579,613
$45,685,606
$31,982,150
& M. equipment notes... 1,375,000
Securities owned
11,858,667
412,584
Cash for constru' t' & equip't..
Materials and supplies
184,676
Kan.
C8h(iidintran.&withagt8.)
Bills receivable
&
Roadn, individuals
Miscellaneous
Total
Liabilities
comp's..
—
270,546
563,844
132,498
612,756
1,732,750
Stock, oommon
Stock, preferred
$10,421,600 $10,421 625 $10,421,6?5
14,0' 0,000
14,001,000
14,000 000
Mortgage bonds
16,722,<00
15,722,01
15.1^3,000
1,634,290
2,33«,831
0*r trust obligations
3,346,711
..
Securities owned- per con'ra.
46,325
1,3*7,625
f>35,270
Roads ind vlduals A comp's...
311,527
326,392
212,624
Interest due and unpaid
>
~
250,290
n nn
$
nrt
/Od.d/u
dividends
(486,324
280,000
\
340,0 ^0
800,000
Bills receivable. discounted...
105.407
Accrued Interest
117,407
119,407
Miscellaneous
276.534
300, 2 4
272,178
2,30 ,563
Profit and loss
1,579,647
938,983
—
Total
V. 76, p. 666, 497.
.$48,560,578
Boston
& Maine
$45,579,613
Railroad.
gregated (net) #.147.374.
Securities —Bonds for $1,000,000 dated Nov. 1, 1901, bearing 3*q
per cent Interest, have been sold.
During the year further purchases were made of 1,234 shares of preferred and 389 shares of common stock of the Central Massachusetts
RR. Co at a cose of *86,*7w; there are outstanding at the date of
this report 216 shares of that company's preferred and 684 shares of
common
stock.
Of the electric branch of the Concord & Montreal RR., the seotlon
between Concord and Manchester (IS miles) was opened for traffic
Aug 11,1902. Its costof oonstructl' n to Juue 30 was $250,879. and
of the $500,000 Conootd & Mon-real RR 3*2 per cent bonds author
rzed on account thereof, $2 6.000 have thus far been disposed of at par.
[The purposes for which new stook and bonds are to be Issued, as
stated in the report, were given in last week's Chronicle, page 665.
—Ed.]
Improvements.—The completion of the 12 miles of second track
and of the. enlarged junoilon and division freight yards, all upon the
Fltohburg Division, described in last year's report, has been accom1
plished.
Statistics.
—The
been as follows
1900-01.
2,265
1899-00.
1,787
1898-99
Miles oper. June 30.
1,715
Operations Passengers carried. 37,830,047 38,496,814 32,932,814 31.607,156
Pass. carried 1 rjnile.655, 300,386 632,476.537 525.145,571 497,027 1*6
Rate p. pass p. m... 1- 64 cts.
1-763 cts.
1727 cts.
1-715 cts.
Freight (ton s) cat 'd. 18.183,321 17.516.571 12.426,571 10,644,376
Fr'g't(tons)car.lm.. 1620362196 1538317-188 832,397,963 719,460,569
Rate per ton per m. 1*1 19 ots.
•134 cts.
1-440 ots
1-430 ots
Gross earns per in.
$ 1 4, j 1
$13,902
$13,030
$12,002
Earnings—
$
$
$
$
Passenger
11,557,583 11.147,757
9,069,118
8,522,202
Freight
18,732,089 18,210,599 12,048,941 10,286,339
Exp. &ext. bagg'ge. 1,032,9 <7
939,642
742.362
735,318
Mails
449,982
438,760
350,681
346,748
30,736,758
3,987,360
2,7*3,246
14,. 64,1 17
735.190
563,239
3.514,0751
2,872.200
13,580.307 ) 15,605,017
803,639
748,664 J
22,211,102
19,890,607
13,748,644
13,748,644
(6912)
6,606,085
6,141,963
654,874
699,221
6,841,184
Sinking fund
Dividends
1,366,997
5,062,922
1,629,614
151.285
1,764,359
1,268,588
5,199,234
1,547,315
151,285
l,645,C0O
1,0«8,163
3,220,lf9
1,200,599
64,717
1,515,304
1,091,635
3,296,656
1,105.649
67,829
1,234,002
Total
Surplus over div'd*.
9,975,077
22,366
9,811,422
45,411
7,088,942
172,017
Taxes
.72,018,139
57,590,051
70,822,902
57,590,051
Kanawha & Michigan Railway.
( Report for the year
ending June
30, 1902.
President N. Monsarrat says in substance :
To provide for the renewal of equipment, depredation at the rate of
3 p. o. on locomotives and passenger equipment and 6 p. o. on freight
equipment has been oharged to expenses for the year, and the amount
placed in equipment reserve rund, to which fund also there has been
otedited the inventory value of all equipment destroyed during the
year. Against this fund has been charged during the year $103,808,
For the purchase of 8 new freight engli.es, $91,450; for 6 new
cabooses and 2 tool oars, $12,358.
There were laid 7.742 tons of new steel rails, weighing 70 pounds
per vard, upon 70 miles of main track, removing an light rail upon
the Ohio Division, and from Point Pleasant to Look Seven, a distance
of 4u miles, on the West V rginla Division. A portion of the cost of
this extraordinary tenewal was anticipated and charged to operating
expenses during ttie previous year; $.22,000 has been charged out
during the past year and about $71,000,1* oarrled in suspense account.
Thirty -nine miles of the West Virginia Division were ballasted with
gravel, the cost being charged to operating expenses.
The extensive improvements authorized in Jan., 1901, have been
completed, lnoludlng items aggregating *26-<,417; $28,767 of additional expenditures have been Incurred, making the total oharged to
"ooi-t of road and property " $2^7.184. Car trust obligations (principal) were inoreased by the amount of equipment notes Issued to the
Hocki g Va.lev Ry. Co., under date of alay I, 1902, covering 2.500
coal cars, $1,375,000; less car trust notes (principal) retired during
the year, $S4.83"; net increase, $1,290,163.
The various coal companies alon«c the line have been equipping
their mines with machinery and preparing for a largely Inoreased
production; a number of new mines were also opened during the
year, so that with our Inoreased equipment and improved facilities for
handling the trallio it seems dear that a very large increase may be
expected In the company's earnings during the oomlng year.
Of the total tons (1 664,592) carried in 1901-02, bituminous
coal furnished l,0t*6,9i3, bang 65-93 p. c; average freight
rate per ton per mile, -461 cents; train load, 399 tone; earnings
per freight train mile, $1 84.
viz.:
EARNINGS, EXPENSES AND CHARGES.
$
Total gross
$
$
13H.598
595.935
18,986
7,550
116,146
477,907
18,937
21,074
l,09t>,359
924,624
759,069
634,064
233,421
14 4.422
450,160
24,301
168,845
146,680
357,40 7
24.392
155,892
10 7.4S2
30",768
17,881
122,784
63,325
264,775
15,304
852,204
244,155
7,148
697,324 582,0.3 466,188
227.300 177,046 167,876
6,800
6,800
251,303
98,760
42,084
31,154
234,100
98.760
29,949
30,344
Expenses—
Maint of way and structures..
Maintenance of equipment
Conducting transportation
General expenses
Total
Net
Miscellaneous income
Interest on funded debt
Other interest
183,846
98,760
10,831
21,377
167,876
98,760
8,768
25,182
Miscellaneous
605
174,948
76,355
159,053
75,047
CONDENSED BALANCE SHEET JUNE
Assets—
Road, etc
Securities owned..
Mat'l and supplies.
Cash cash lor coupons, etc
Auems and
ductors ..
U.S. P.O. nept...
Roads, Individual!
aud companies.
.
\
Total
- V.
76, p. 666.
1902.
1901.
$
t
i),7sG.^07
9,389,»6S
2.206,516
'.?!),3W
3,00o,i.i0l)
3,0iXv0O
95,2511
06,865
20,432
24,310
con-
Unexplieu insur..
6,795.771
45,413
$
176,526 162,152
888,729 733,503
22,609
19,087
9,882
8,495
Freight
Mall and express
Miscellaneous
(70-25)
7,260,959
Rentals
Total
—V. 75, p. 665, 340, 341.
15,605,017
9,856,833
Deduct—
70,822,902
(see
Total
Balance, surplus
|
9,997,443
Interest aoorued.
128,069
41,128,876
6,128.369
1,235,619
121,522
823,088
767,634
956,836
2.364,938
2,793,488
811,667
261.319
58,844
137.850
26.516.971 25,052,725
Investors' 8upp.)
29,597,4*2 28,7^ 4.915 21,330,334
Real estate mortgage notes
594,800
594.800
594,800
Notes payable
600,000
500.000
Premium on Boston* Maine Btocfe 2.091,219
1,8 9.800
Current bills
1,38^,129
1,207,173
1,916,982
Unpaid wages
525,663
470 628
381,067
Dae companies, individuals, etc..
956,396
l,5f 5,911
690,046
Dividends and interest unclaimed
28,640
31,640
41,443
Aoorued interest and rentals
736,164
732,460
451,672
Rentals of leased roads July 1
1,185,427
1,188,599
895,464
Bond Interest dne July 1
228,706
228,706
146,896
Dlvid-nds on common due July 1.
39^,848
389,029
351.178
Lease accounts, sundry RRs
2,095,939
2,100,537
1,177,277
Ii jury fund
150.000
150,000
150,000
Contingent fund
172,367
150,000
150,000
Suspense aooount
901,915
941.765
886,316
Sinking funds
1,314,283
1,132,782
956.837
Accrued taxes
57^,448
552,069
487,751
Impt. fund Concord & Mon. RR...
130,716
189,960
409,509
Profit and loss.
1,565,166
1,565,165
1,519,753
Bonds
Taxes
|
c.
Total
$
47,018,908
10.679,155
1,321,826
121,521
1,953,437
830,584
1,053,520
2,669,746
3,877,251
942,137
226 748
72,018,139
Total income
31,772,591
Total
22,433,152 21,518,785
of exp. to earns.
(7060)
(7000)
Netearninara
9,339,439
9,217.973
Rents, lUv'm'sts,&o.
668,i>04
638,859
P.
1900.
$
1901-02. 1900-01. 1899-00. 1898-99.
1901-02.
2,265
General
New equipment
30.
Liabilities—
Capital stock (see Supplement)... 26,787,871
Earnings Passenger earnings
OPERATIONS AND FISCAL RESULTS.
Maint. of way, Ac.
Maint. of equipm'nt
Conduct, transp't'n.
Total
LXXV.
1901.
Assets—
$
Construction and equipment
47,381,331
Stocks <te bonds other companies. .10,^80,655
Real estate
1,306.776
Steamer, elevator, etc
121,521
Cash
2,083,525
Bills receivable
926.946
Sinking funds
1,145,869
Materials and supplies
2,694,770
Due by agents, co's. individ'ls.&c. 3,896,074
Improvem't account, leased roads 1,024,423
Central Mass RR. construction
Elimination of grade crossings
365,526
Miscellaneous
490,722
operations, earnings, charges, etc., have
:
Total
1902.
$45,6^5,606
/"Report for year ending June SO, 1902, J
President Lucius Tuttle says in substance :
General Results.— Of the $1,033,856 increase in gross earnings,
$409,826 was derived from passengers; the total number carried was
666,767 less than the previous year, but the average distanoe they
traveled increased Irom 16*43 miles to 17-32 miles. Although the
freight trattlo has been quite satisfactory, the inoreased income therefrom ($521,490) -is much less than it would have been, except for the
great falling off in the quai tlty of graia exported to Europe during
the latter half of ihe fiscal year, and the temporary current cessation
of anthracite coal distribution. The cost of labor and of nearly all
of our suppllt-h has steadily increased and the enlargement In the
gross income has been largely offset by au almost equal growth ($914,366) in the year's operating expenses, chiefly owing to advauoes in
wages paid employes. The expendl.ures on oapltal account have ag-
its
[Vol.
Liabilities—
Capttal stock
130,968
52,878
30.
1982.
I
&
cos.
280,'<:12
.
38,868
10,723
eoutp.loau.
6 "."1,000
3,681
7,401
3,30i
Acciued Interest..
Accrued taxes. ..
18,055
2.2J1
9,817
1,401
Bett.
11,8(17
15,148,750 13,888,362
&
81,609
Total
1901.
»
.10,01 '0.000 10,000.000
8,46V 000
Car hum notes ... l,Gi',909
40,fd5
Ln mid wages
3,446
nratts in transit...
1,6 10
Coupo imerest
Roads.lndlr,
133,215
34,661
2. lot)
000
d«7,74t
3,t,9a6
1,254
8840112
24,690
7.908
26 401
160,000
5,168
.16,113,750 13.28i.S0v'
J
.
October
THE OHRONICLK
1902.]
4,
Chicago Indianapolis
&
LouisYille Railway.
year ending June SO, 1902
President and General Manager McDoel says inpart:
Both passenger and freight rates have been well maintained. The
(Report for the
fiscal
outlook for business tor the ensuing year justifies the belief that gro»s
earnings will equal, If not exceed, those of the year ju«t closed. Our
expenses, however, on account of the advano-* in price of all material
and supplies necessary for the operation of the property, and the
tendency toward higher rates of pay to employes, will necessarily increase the ratio of expenses to earntnes.
There was purchased during the year 5,2o0 tons of 75-lb. per yard
26 miles have already been placed in
steel rail, at a cost of $i35.t>42
track Of the 518 miles of road. 239 miles are now 75-lb. steel. 150
miles 67 ib f8 miles «0 lb.. 40 miles 5t> lb. and 3ti miles 52 lb. Dur
ing the year 208.^74 first class oross ties were purchased; 40 miles <>f
track were ballasted witti gravel and clnaers and 6 miles witn
crushed stone, at a coft of $2 6,210.
Two hundred new 40 ton box oars and 50 new 40-ton ballast oars
were purchased for $l80,50s>, and the deferred payments on oar
trust, lnoi.were takm up by cash payment of $112,282. Of the
above amounts, $1> 6,403 was charged to oonstruotion and improvement, and the remainder to replacement account; 30 lime cars
were built and charged to replacenoei t account. 1 wo new passenger,
4 new freight ann b new switch engines were purchased during the
year at a cost of $1H .b40, of which $38,2i*0 was charged to construction at d improvement, and the remainder charge, d to replacement account.
Of tbe 2 681,487 tons carried (contrasting with 2,373,923
tons in 19oO 01), products of agriculture aff rded 12 35 p. c.
against 14*61 p. c; products ot aoimals 4 61 against 4-70;
products of mines 38 60, against 38 00 (including bituminous
coal 12'38, again-t I3"t9, stone, sand and like articles 23 69
against 2.J 45) products of forests 15-04 against 1491; manufaotute 12 41 aeainst 1023; remainder scattering.
Statistics.— Operations, earnings, income account, etc.,
;
,
729
Dulath South Shore & Atlantic Railway Co.
{Report for the fiscal year ending June SO, 19V2.J
Owing to the change in the fiscal year comparison of the
results is possible for only two years. The road operated
Locomotives, 91; pasaggregates 575 miles. Equipment
senger cars, 58; freight, etc., cars, 2,738. Additions to equipment during the year, 11 cars in paeseuger pervice. Of the
:
total tons carried in 1901-02 ores supplied 1,095,198 (47*4 p. c.)
and lumber and logs, 515,988 (22*32 p. c), contrasting with
1,131,562 and 549,927, respectively, in 1900-01. Net charges
to construction account during the year 1901-02, $31,407; to
equipment account, $117,351. The operating expenses include
coat of rebuilding and filling bridges and putting in iron
spans, which for the year ending June 30, 1901, was $36,717,
and for year ending Jane 30, 1902, $16,073.
HB8ULTS FOR TEARS ENDED JUNE 30.
1900-01.
Operations—
1901-02.
652,345
1 mile... 28.896,517
Total revenue passengers oarried
do
do
do
2743 ots.
Rate per passenger per mile
2,391,654
Total tons carried earning revenue
12 ',260.119
Tons oarried one mile
Aver receipts ton per mile lor all freight. 1*231 ote.
681,668
32,816,802
2*t>92 ots.
2 3i 1.464
139,431,327
1*131 ots.
Earnings—
$1,257,117
248,476
815,944
51,880
54.389
Merchandise freight
Iron ore freight
Passenger...
Mail
Express
66,405
$1,339,325
253,936
918,393
53 697
57,528
2,760
64,930
$2,484,211
$2,690,569
$421,389
227.649
931,760
74,133
$451,055
228,566
933,262
75,935
$1,654,931
$1,688,818
Bleeping and observation oars (one month)
Miscellaneous...^.
;
have been as follows:
OPERATIONS, EARNINGS AND EXPENSES.
1901-02.
189900.
190001.
546
Miles oper. June 30.
546
546
189899.
537
—
Operations
1,095.024
1,005,200
1,167,476
Passengers carried. 1.289,949
Pass, carried 1 mile. 56,191.002 52.7P4.103 49,340,980 46,«36.848
1-9 6 ots.
1*889 ots.
1*864 cts.
1*P32 ots.
Rate per pass. perm.
2.526.710
2,164,«30
2,373.923
2,631,487
Freight (tOL s) car'd.
Ft. (tons) car'd 1 in.421.279,146 357,706,918 385,542,422 318,005.985
0*747 cts.
0*757 ots.
757 ote.
07a7 ots.
Rate per ton per m.
26>t
291
291
313
Av. tr'n load (tons).
$0*87
$0*78
$1*11
$114
Earn, per pass tr m.
$2*32
$220
$201
$2*37
Earns per ft. tr.
$6,538
Earns, perm. Of r'd.
$8,556
$7,751!
$7,782
m
Gross earuings
Expenses—
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General expenses
Operating expenses
Percentage of expenses to earnings
Net earnings
Other income
$
$
$
$
Passengers
Freight
Mail.exp's&misoel.
1,110,467
3.190,216
260.474
1,020,198
2,850.470
279,802
981,593
2,917,123
279,172
869,263
2,375,351
2f 6,506
Total earnings..
4,581,167
4,150,470
4,177,888
3,501,120
Expenses—
Maint. of way, Ac.
Maint. of equipment
Tran snort atlon
Total
Per ct. exp. to earns.
Net earnings
BALANCE SHEET JUNE
nal
440,796
431,813
1.031.030
266,651
184.660
2.853,133
2,653,542
(63*93)
Material
Miscellaneous...
1,728.024
1,496,928
2,628,206
(62 91)
1,549,683
2,354,950
(62-28)
191/0-01.
1899-00.
1898-99.
1,728.024
129,447
$
1,496,928
135,776
1,549,683
109,787
1,146,170
1,857,471
1,632,704
1,659,470
1,232,857
772.100
199,197
771,294
208,6d6
761,950
210,839
752,700
205,409
971,297
886,174
979,930
652,774
972,789
686,681
958,109
274,748
Interest on bonds...
Total
Bur. lor dividends*..
Depot Co
Profit
$
1:6,687
One per cent on the pref stook was paid March, 1899; 2 per cent
.
Road and equipment
30.
1902.
1901.
$
...28 ,271,716
$
27,971,716
124,931
Asset's—
Oar
bonds
1900.
$
27,671,716
226,000
l,8o9,715
336,713
89,920
319,445
173,206
187.5S9
207,567
1 ,928*,514
1,846,411
Materials and supplies
353,134
Gash on
408,i>16
183,005
400,000
226,559
61,147
260,714
388,354
329,125
169,051
214,467
268,623
100,000
55,167
61,826
32,604,231
31,792,385
31,309,569
10,500,000 10,500,000
5,i 00,000
5,000,000
Bonds (oee INVESTORS' BUPP'NT).. 13,842,000 13,542,000
nuaiurtd
329,i55
Coupons
329,1*5
57,500
Bond interest accrued
57,500
Issued
rolle,
checks
156,640
Pay
151,274
Roads, individuals <te companies..
68,388
56,915
339,224
Acoonnts payable
251,040
228,759
Res. lor aoo'd exp., doubt, as'ts.&o
16.085
Oar trust notes
124,931
Replacement accounts
77,130
15..490
Miscellaneous
11.5H2
222 531
Profit and loss
1,978,758
1,397,583
10,500,000
5,000 000
han<i
Coupon account
Agents ana conductors
Ruads, Individuals and companies
Proceeds reiunding bonds
Refunding Ijonds on hand
Improvements
Miscellaneous
Total
Liabilities
329.165
178.795
263,2 90
150.57O
13 ,180
—
Stock, common
Stock, prelerred
Total
-V. 76, p. 611, 497.
.32,604,231
and
31,792,385
13,24i*,000
319,445
57,500
153,231
51,109
352,233
$12,000,000
10,000,000
15, 07,000
3,816,000
H. & O. 6s
1,077,000
Inoome certificates... 3,0o0,000
1
M
Car
trust
Series 2-6
notes346,566
Canadian Padfio Ry.
guar ii>t advances.
58,757
25,000 Can Pao Ry.gen'lacct.
444,9>-4 South Shore Land Co..
198,013 M. H. « O lands
2,»9V Bills payable
1,936,566
loss
1,146,170
Oct. 15, lfcuo; 2 per cent April, 1901; i per cent Oct , J 901; 2 p. o.
April, lb02, and (0 will t,e paid in Oct., ly02. On common stock 1 p.
o. was paid in May, 1902.
CONDENSED GENERAL BALANCE SHEET JUNE
7,663
351,195
Western Express Co..
Current accounts.....
Current accounts
Accrued Int. and taxes
Total
$
19,901
& Lake
531,945
517,199
1,126,555
268,100
184,507
IHsbursements —
trusts.
tttooBs and
& Transfer Ry..
523,868
515,705
1,187.358
285,871
190,740
$
—
Road and equipment.. $45, 384, 402 Common stock
Preferred stock
Mackinaw Transportation Co
237,372 Consolidated 4s
1st mortgage 5s
Lake Superior Termi-
543,380
568,819
1,260,168
287,241
193.525
Receipts-
*
30, 1902.
Liabilities
Assets^
INCOME ACCOUNT.
Net earnings
$1,008,086
$859,700
128,009
•
$987,709
$20,327
Superior Ry
Mineral RmgeRR....
Salnte Marie Union
1901-C2.
$1,001,751
6,285
Balance, surplus
Lake Michigan
(6726)
(62*7)
$829,280
Net income
Deduct— Interest on bonds.
Taxes
.
Earnings—
(66*6)
-V.
.$48,666,758
Total
2,241,275
198,013
95,994
15,931
16,000
440,041
312,938
$18,666,758
72, p. 627.
New York New Haven & Hartford
Railroad.
(Report for the year ended June SO, 1902.)
President John M. Hall says in substance:
General Results.- As compared with the preceding year, the total
gross earnings increased $3,388,776 and the operating expenses inteased $3,225,395, leaving an increase tn Income from operations of
$16^.381. The total gross earnings of the rail and boat lines combined for the year ending June iO. 1902, were $47,874,9(2. being the
largest in the history of the company, and an Increase of $3,->79,301
over the previous year. There has been, charged to operatUg expenses for betterments and new equipment, to meet general depreciation, the sum of $3,403,708, being an Increase of $977,893 over the
i
previous year.
Among the items charged to operating expenses are improvements
at Bridgeport, elimination of grade crossings at Mattapan, East Longmeadow and Great Barrington, and numerous Iron bridges to replace
wooden bridges; continuation of stone ballasting on shore Line Division; also the cost of 20 locomotives, 750 steel frame box cars, 100
coal cars, 2 car floats, and partial payment on 42: passenger cars. 250
stee frame box ear>, 300 coal oars and 10 > flat oars, besides miscellaneous additional electric and other equipment, and improvements
for the oomfoit and safety of the traveling public
8ECDR1TIK8.— There has been no ohauge in the capital stock. Convertible debenture bonds for $l(3,i97,200 mature Apiil next.whioh
will doubtless increase the capital stook by that amount at .that time.
No decrease In dividend rate on that acoouut is anticipated. The
funded debt has 1 ot been changed during trie fiscal 5 ear
Impbovlments —Owing to the largely Increased business on the
Nhu< tucn toad, it wa s deemed advisable to complete the donble tracking between Naugatuok Junction and Wavrbury. The work is progressing rapidly; the cost will be met by au lusue of 3*3 p. 0. debentures of the NaugatuoK RR Co. under its l«ase.
The lease of the Attleboro Branch KB. expired last year and it
seemed advisable to build a new line from North Aitleboro to Adamsdale, 3** miles, rather than to renew the lease. It is expected that the
line will be ready for operation iu the early spring, making a new dirt ot line between Boston and Providence.
The cost of this work is
as-uuied by the Old Colony RR. Co. under the terms of its lease.
During the year a connection has been inadu at Wes* Cheshire,
Conn, between the Middietown Merlden & Waterbury RR and the
New Haven & Northampton RB by building an inexpenelve cut-off
about 2,000 roet in length, which makes a direot route between New
,
Haven and Waterbury.
28^,090
225,572
161,64i
966,149
31,309,569
The Bridgeport improvement is well advanced, much the larger porwork being completed, but it is not expected that this improvement oan be wholly completed before the last ot next year.
The elimination of ten publlo and four private crossings at Fall
River. Mass., has been commenced. Work at the South Boston passenger yard, including an extensive lay out of tracks the erection of a
tion of this
,
34-staU engine house,
etc., etc., la
partly finished.
The
elimination of
. .
:
'
THE THKONICLE
730
grade oroHslriRH at Bine Hill Ave. and Oakland St., Mattapan, Boston,
onMidland Division, Is now praotioally completed, and trains are Tanning on tbe new tracks.
The opportunity arising to secure about 20 acres of land adjoining
the present freight terminal in South Boston, 1 1 was deemed wise to
acquire this property; title was raken by the Old Colony RR Co.,
which has Issued (since the close of the flso 1 year) its 3 **% bunds for
000, the purchase price of the land, under the provisionsof the
$1,0
leaf e. This land will be very valuable for present and future freight
facilities.
Statistics.— The statistics of operations, earnings, etc., were:
1898-99.
1899 00.
1900 01.
190102.
2,047
2,038
Miles oper June 30.
2,038
2,038
Equipment—
942
922
901
917
1.867
12,965
1.825
12.915
1,836
13,116
1,816
12,400
570
684
574
570
Other oars
.......
Operations— Revel me passengers and freight only.
Passengers carried. 58,838,131 53,051,460 52.096,916 49,035.411
Pai-s. carr'd 1 mile.. 1024201282 94H.079.966 943,642,580 861,416,692
1-744 cts.
1 763 cts.
mile.
Freight (tons) oar'd. 17,145.313 15,43t,435
do
do 1 mile.. 1444544216 i292378.it>4
Rate
p. pass. p.
Rate p. ton p. mile
1*455
.
1-479 Cts.
$9,793
$i-40
$9,798
Ots.
$10,469
$1-42
$10,788
PasB.earn.p. m.otT't
do do p train m
F'tearn p. m.ofr'd.
do do p. train m.
Av. No. of pass. in tr.
do do tons in tr.
$3 20
67
208
$3-2 i
69
218
Earnings—
1-776 cts.
15.708,266
1-791 Ots.
14.375,823
13407*9590 1257413624
1-4
cts.
1 411 ots.
$9,726
$1-43
$9,923
$3*o7
68
$9 026
1
$1-39
$^.025
$294
....
201
204
$4,517,070
$5,151,188
$684,161
521,182
$620,495
476,248
$537,647
445,793
1,596.206
140,078
1,351,869
115,726
l,4i9.517
111,626
Total expenses
$2,941,627
Per cent of exp. to earnings...
(47-3)
Net earnings
3,280,761
Other income
35,204
$2 5*4,338
(561)
1,952,737
$2,554,583
(496)
2,696,605
$3,316,965
$1,952,737
$2,596,605
91,343,180
$1,320,360
102,899
207.462
cr.5,857
$1,380,360
129,159
241,809
24,405
$1,624,864
$327,873
$1,715,733
$880,872
17,341,o:-6
960,060
7o6,309
31,273,874
28,048,480
28,224,8-10
(69-89)
25,581,256
(6887)
11,562,661
623,423
Deduct—
Interest on bonds
12,186,084
Taxes
12,247.213
613,060
12,083.831
562,560
12,860,274
12,646,391
12,646,432
.
4,464,711
2,410,381
4,29e,568
1.166,977
1,858
4,451,6 «4
2,867.636
4,294,738
12,477,983
382,291
12,282,843
363,548
1,305,838
on stock.
Total
Surplus
1,062,435
521
4,4"6,258
2.484, 05
4,231.278
12,255,097
391,335
1,100,119
10,953
4,537,875
2,171.167
4,158,688
11,978.802
207,282
Note.— The steamboat lines figure above only as dividends on stocks
owned, these being included in "other income,"
GENERAL BALANCE SHEET JUNE 30.
1901.
1902.
1900.
Assets—
$
$
$
59.447,364 59,580.009 59.4*6.949
Cost of road and equipment.
Stocks of leased lines reo. in exoh. 14,3 49,291 14,399,291 14,39.4,291
9,151 385
9,339.731
Stocks and bonds
9,612.30
2,456, ->i>5
Supplies
2,415,641
2,769.328
-0
1,
-.81. 845
1.074. 830
Due by agents on aoo't of traffic 1,858,8
1,4.3.0.15
Dne by oos. &lndlv.,open aoc'ts. 2,651,960 2,103,(00
353.654
4,475,310
Cash on hand
3,233,395
540,324
516.324
Bills receivable
558.848
9i',0O0
90,000
Real estate, South Street, N. Y..
90,000
7,92-t,yH9
8,063,< t)5
8,033.543
Contingent assets
4,562,662
3,98:, 264
Advano's acct.Bost.& Prov.addts 4,933,472
5b, 400
132,422
51,827
Prepaid Insurance, taxes, etc..
107,302,584 107,558,276 100,9 74,717
Total
Liabilities—
Capital stock, common
Convertible debent. certificates.
Funded debt
Debentures, not convertible
Loans, aooount Boston & P. RR.
54.685,400
16 397.200
6,139,0«J0
10,000,000
payable
54,685,400
16.s97.200
6,139.000
10,000,000
54.P85.400
16,397,200
6,439,000
3,000,000
1,625,625
1,000,000
Interest accrued, not due
Matured interest unpaid
353.650
267,1-2
1,260
2.058
2,058
4.562,813
4,706.491
386.993
363,740
827,064
687,770
235.459
236,698
3,603
5,156
80,393
13,498 845 13.123,516
1,260
2,065.030.072
338,814
1,260
Dividends unpaid
Audited vouchers and accounts.
Wages and salaries
Due o her companies
Rentals accrued, not due
Rentals due July 1
Insurance fund
loss (surplus)
Total
34t>,576
749,68 2
238,526
3,000
12, 18b, 183
.107,302,584 107,558,276 100,974,717
-V. 76, p. 667.
Total
Expenses —
Maintenance of way, eto
Maintenance of equipment
Transportation
General expenses
Total
St.
Thomas Lowrey
says in substance
General Results. -During the year 1901 a fair grain orop was harvested along tho road, which, coupled with the excellent general
business conditions, resulted in a substantial increase in earnings.
The gross earnings show an increase of 37'7 p. c, the net earnings 68
p. c. and the surplus 383-8 p. 0. over 190 1. Operating expenses were
47'3 p. o of the gross earnings, compared with 5t-.-l p. c. the preoedlng
year. Notwithstanding the decreased percentage of expenses, the
property and equipment have been maintained In excellent condition.
r«EW Mileage.— The mileage was increased by the completion of
llo 45 miles of new road, viz Wishek, N. D., to Pollock, 8 D 6982
miles; Summit Junction to Frederiok, Wis 22-43 miles; extension of
Rice Lake branoh to Blrchwood Wis., 1619 miles; spurs, 2-01 miles.
The company has also constructed a line from Braddook to Btstnarok.
N. D 4<> miles, which began operation Aug. 25th of this year. Most of
the work however, w»s done before June 0.
Immigration— During the early spring and summer of 1902 there
was a large immigration into the Northwest. Your company has received a liberal percentage of these settlers, and a largely Increased
acreage has resulted— particularly along the lines in North Dakota.
The line through Wisconsin an Michigan is also receiving increasing
a tentlon from settlers, and is rapidly beoomlng a promising agricul:
.
,
,
1
sec ton.
Financial - Only a small portion of the surplus earnings of the past
and preoeding years is actually on hand in cash assets, the balance
having been used for the construction of additional road, for Improvements and equipment. Bonds amounting to $2,484,000 covering the
292,954
7,652
300,000
Miscellaneous charges
New equipment and
lmpts
Total
Surplus
$2,029,461
$1,286,502
CONDENSED GENERAL BALANCE 8HEET JUNE
Aisets—
$
$
Road, equip., etc .65 471,750 54,590,329
Advances pending
issue of bonds .. 1. 064,353
R
al estate
stocks and bonds..
Mat 1 and supplies
Foreign r. .ads
Ag'tsi; conduct's..
399,3
817.102
13rt,*65
836,-15
4-.0s7
208,391
1, 190,152
accts.
0,705
254,053
48,701
188,118
1,7«6."75
14.32U
Total
-V. 76,
'
Total
.60,076.438 68.271,066
.....
p.
60.075,43 4 59,271,066
6U,5i0.
Nashville Chattanooga
&
St.
Louis Railway.
{Report for the year ending June
Below
1901.
Liabilities—
$
$
stock. .. 14,00 ',000 14,000.000
Preferred stock.. 7,000,000 7,000,000
Funded debt.
34.6 M,"00 34, 48,000
Car trusi cotes
339.6 '5
504.151
25,000
West. Express Co.
14,000
Real estate notes.
81,000
611,4-^0
Interest due July I
634.140
1O9,70»
Taxes, not due....
175.U0
Vouchers & accts .. 49i.o'8
561.162
Pay-rolls
265.537
207,683
Bett.&lmp'tfund.
237,796
"31,057
Miscellaneous ....
2.9 a
income account... 2,275,255
083,753
CommoD
413,913
376,050
490.632
1.54,871
P. <). Department.
Bills and accounts.
Cash
Advances &
.2
S69.a4-i
30.
19o8.
1901.
1902.
is
SO, 1902.
a comparative statement of results for several
years:
OPERATIONS AND EQUIPMENT.
Miles oper. June 30.
Equipment' —
Locomotives
Passenger oars
1901-02.
1,196
Freight cars
Other oars
Operations—
Passengers oarried.
1900-01.
1,196
198
189
193
178
6,589
6,588
28
29
1.551.266
1,466,279
58,813,793
2 56 ots
1899-00.
1898-99.
935
935
166
161
5,537
26
166
161
5,240
19
1.164,801
50,300.753
1.249,550
61,707.719
2-41 ct*.
2 27 ots.
4 0-11.735
3,636.619
3,532.423
Freight (tons) 1 in 659 284.520 634,440.340 549,8*8,167 492,468,893
0-88 ots.
08-" ots.
R*te per ton per m.
89 ots.
87 ots.
Gross earns, per in..
$6,688
$6,377
$5,994
$5,558
$i-02
$1-05
Earns, per psss.tr.m
$Om5
$l-<>2
$1-67
$1-51
Earns, per fr't tr. m.
$167
$151
Pass, oarried 1 mile. 63,095,968
Rate per pass. p. m. 2-49 ots.
Fr'ght (tons) car'd..
4.292,465
*
Ste. Marie Railway.
year ended June SO, 1902.
875,<J48
190,1
8\675
Rental
Also owns 2 steamers, 2 transfer barges and 1 wharf boat.
Paul & Sanlt
("Report for the
tural
f 6,222,388
4,968,531
4,082,865
15,616,247
894,054
486
President
152,346
5,372,404
4,725,091
Tot. net income.
Minneapolis
30f24
$3,974,399
822,910
195,145
158,736
5.476,465
4,448,075
17,163,880
Deduct—
Interest on bonds.
and
31449
6,157,902
5,426,008
18,827,235
862,728
Net earnings
219
$1,006
$3,442
$3,298,651
37,143,917
(6999)
12,lu0,3tl
546,121
436,813
37,543,998
2-22
$4,566,2*3
1,257,038
195.573
Express and miscellaneous...
203,554
40.325,151
(71*86)
m
$198ifl
478.016
39.375.793
Earnings—
40,132,311
Total
.
$l-94i4
Freight
Pas-^ngersj
Mails
43,521,087
P.c.of exp. to earns.
Profit
m
18.384.831
18,381,849
377,838
(
bills
$2-33
Freight earnings per train m..
Passengers car earning rev. ..
604,287
Passengers carried one mile.
58,046,978
2-17
Av. rate per pass, per
(cts.).
Tot. gross earns, per
of road
$4,456
Aver, tons freight in train
31488
19.764,755
20,164,753
395,643
Maine. f way.&c.
Maint. of equipm't.
Loans and
Operations, earnings, expenses, charges, etc., were as follows:
operations and fiscal results,
Operation*—
1901-02.
i a oo -oi.
189900.
Average mileage operated
1.312-32
1.285-74
1,396 43
Tons of freight carried
3,234,023
2,973,310
3,102,244
do
do 1 mile.. 6 17,746,549 535,017.533 603,-56,870
7-89
Av. rate per ton per m (mills).
6-58
6 17
21,223,631 19.853,093
21,871.642 19,8r4.701
425,814
414,517
Total
lxxv.
additional mileage constructed are available for sale wnen the time Is
opportune, and advances made from surplus earnings will be repiaoed
irom the proceeds. During the year the company purchased 200 flat
oars, 620 box oars, 4 sleeping oars, 6 passenger coaches, 5 mall oars, 1
dining oar, 7 locomotives and an additional rotary snow plow, at a
total OOSt Of $792,843.
BThe oompauy's business has increased so rapidly that additional
terminals must be acquired, the cost of whioh will necessarily be large.
The Interests of the company also demand the construction of additional branches and extensions, which we will submit for your consideration, and hope for favorable action.
$
Expenses—
o.
[Vol.
$
$
$
Pass'ger departm' t.
Freignt departm't..
Eight p.
)
.
EARNINGS, EXPENSES AND CHARGES.
1901-02.
Earnings—
Passengers
Freight
1,€06,476
5,872,896
Mail, exp., rents, eto.
513.158
.
Total gross earns.. 7,992,530
Expenses Maintenance of way. .1,092,017
M»lnten»i.cdot equip. 861,796
1900-01.
1899-00.
$
1898-99.
$
$
1,537.302
5,599.549
483,277
1.271,371
4,813,006
402,941
1,425,289
4,275.099
7,620,128
6,487,318
6,081,766
1,270,770
939,450
704,075
900,398
4 2,418
2,53i,044
381.378
678,046
2,968,570
193,739
2,409.153
187,906
5,111,125
4.240.584
(67-07)
(6537)
(67 40)
2,509.003
22,263
2,246,784
2t,178
1,982,059
30,482
2,388,546
2,531,256
2,272,912
2,012,541
Taxes
952.090
204,678
1,022,350
209,134
1,034,120
227,885
Dividends
Rentals
miscellaneous
1,024,799
178,692
100,000
625,878
81,189
6251878
54,514
422.268
62.731
422,268
32,347
Total dlsburs'm'ts. 1,863,835
524,711
1,911,876
1,747,004
525.908
1,758,006
Conduofg transpor'n.3,00f>,157
General
Add's to prop.
& equip.
197,961
Total expenses
5,622.114
of exp. to earns.. (7034)
Net earnings.
2,370,415
18,130
Income from invest's.
P.
o.
Total itioome
Disbursements —
Interest
Balance surplus
195,847
465,183
619,380
4.099,707
254,535
,
October
4,
)
J
THE CHRONICLE.
1902.]
CONDBHBED BALANCE 6HEET JUNE
1
Assets—
Securities owned,
Real eota'e
Materials and supplies
Dae from station agents
Notes receivable
Traffic balances
Accounts receivable...
Cash on hand
Unadjusted claims
Pad. a» Memphis Div.improv'ts
$30,481,178
$30,708,649
Tota l
1900.
$27,64«,957 $27,187,165
1,012,308
1,23 ',4 5
157.065
161.715
378,178
429,695
17I.S94
192,2 <!4
18809
35,906
29,621
28,569
313.411
325.812
496,846
452.590
82,452
88,521
177.047
80,^43
986.39S
169.915
386.854
260,568
10,911
83.977
281,035
603.942
55,683
177,0*7
at ooet.
$30,213,945
Liabilities—
S ,0 '°°?-° 00 $10,000,000 $10,000,000
Capital stock
16.021,000
15.996,000
16 '22i-9U2
Funded debt
1,062,046
1,366,925
806,453
Notes payable,
Conp-ii and other Int. accrued,
SP6.087
371.890
376,1 60
lees unaccrued Int. on notes.
18.710
18,239
18,793
Dividends unclaimed
Audited vouchers, pay-rolls*
703,208
693,920
6 40 s\99
accounts paj able
24,229
47,894
Traffic balances
? 3, 1A„
2"' ,(00
11,662
14, 66
Reserve for doubtful accounts
2,268,434
1,669,3*5
2.798.325
front and loss
$30,481,178
.$30,708,649
Total
$i0,213,9i6
-V. 75, p. 287.
for capital account aggregate $6S ',263,
687 gondola ooai oars 8*04,491; charged to "rolling equipment"
acoount; yards, sidings, spurs, etc, $239,304 additions and improvements on 8t. Mary's branch « <8 07.
Car trust obligations (principal) were increased by the issue of notes
covering th- 687 OJal oars received after July 1, 90 1, being the remainder of Series No. lo and amounting to $338.3.44; less principal of notes retired during the year. $£32,b79 net Inorease. $105,665.
The special equipment and betterment loan, amounting July 1, lvOl,
to $7i l 880, appears In the balance sheet on June 30, 1902, $572,304;
viz
:
;
1
;
a reduotlon ol $>39.V76.
(Report for year ending July
President Mellen eays in substance
SO, 1902. J
Statistics.— Following are comparative tables for four years:
OPEBATION8, EABNINGS, EXPENSES AND CHARGES.
Pro*p tc is— The business conditions prevailing in the territory served
lines ai e very favorable, and warrant the conclusion that the
results of the present fiscal year will be equally satisfactory with those
of the year jost closed. Our gross receipts will praotloaliy be limited
only by onr capacity for handling the business offered. We have only
a single-track line and already the gross revenue per mile of ro»d
operated equals that of several of the trunk lines west of Chloago
whose mam lines are double-traoked.
We are handling a relatively larger business, at a less ratio of expense, and with more limited facilities, than most of the other large
Western lines. The demand for transportation consequent upon ihn
extraordinary development of the territory served has taxed our fao
it is a necessity pressing upon our attention
illtles to the utmost,
that considerable sections of the main transcontinental line be
doable-tracked In the near future.
Chicago Bublihgton * Qoinct.—The operation of the Burlington
system lor the fiscal year has shown arevenue amounting to $1,2' 3,
389 In eicees of the Interest rjpon the joint bonds issued by the
Northern Pacific and Great Northern railway companies to purchase
the stock of the Chloago Burlington & Qulnoy. The last-named has
paid interest on these bonds, applying tuereto the dividends on its
stock, deposited as collateral to seonre those bonds. The result has
cot firmed the wisdom of securing ,joli t oontrol ol that property and
justifies ihe estimate placed upon its value at the time the capital
stock was purchased.
Tbe f 8, 000,000 reserved June 80, 1898, to ensure regular
dividends on preferred stock has been restored to surplus,
leaving total surplns income Jane 30, 1902, $8,054,709. Oat
ot earnings there was expended for improvements $3,000,000.
The results for four years past compare as follows:
BESDLTS FOB THE YEAE ENDED JUKE
mis..
1SOO-01.
5,100
30.
$32,S60.984
1898 99.
1899-C0.
4,714
$23,481,713 $22,140,180
6,219,99b
7,247.000
1,661,143
1,982,858
1,832,270
Total gross. .$41, 387, 380
8
$
$
410.253
490.801
2,249.834
137.023
436,050
1,980,180
155,492
1,811,042
147,676
367,191
1,362,416
168,260
Gross ear ns. from op.
2.877,658
2,571,722
2,368,971
1,897,867
394.748
58^.7»9
1,129.441
62.1 5
10o,374
363,032
465,963
967.835
64,310
85.493
277,618
361.912
6U.346
86.651
247,?03
228,719
769.895
50,580
8e,828
Oper. exp. & taxes
2,278.4'7
1,385.276
(7908)
£99,181
17,589
1,9 16,633
C.5-30)
1.P22 720
P o of op. ex io earn.
Net earnings
Other income
(68-56)
(72-99)
Expense*—
Way and structures
Main, of equipment
Transportation
General
Taxes
$30,021,319
4,579
$19,485 96C
63\0»9
$5,249,068
2,4r>5,823
8,061,717
873,536
.
Total exp... $21,288,414
Net earnings. ...$20,098,966
Taxes
$1,149,890
Rentals, eto
Add'nB&imp'ts.
120,743
3,000,000
Net op. ino'e.815,828,333
Mlaoel. inc., not
land sales.
$4,874,087
2,232,400
e.514,^90
773,652
7,424
8 v.591
24.854
616,770
642,613
759,440
537,445
on car trusts.
Miscellaneous
401.000
63,9«3
12,Z23
3
Int.
80,667
35.-48
15,743
372,745
17,130
8,009
350.000
20.350
38,783
Total
Balance, surplus.
477,166
139,604
432,158
210,355
397,884
361,556
409.183
128,312
Total
|
$3,5i8.7P3
1,914.597
6,(60,034
826.02?
$16,640,144 $14,394,623 $12,349,452
$15,&20,840 $15,626,690 $13,699,222
$85' ,590
$750,133
$920,352
112,8^2
134,690
61,520
3,Oi
O.oOo
2,176,619
2,011,285
$12,854,513 $11,663,247
$10,710,950
743,787
685,521
1,001,607
Bal. for Int. .$16,672,098
Interest...
$6,624,866
$13,598,300
$6,395,681
$12,348,768
$5,864.9fO
$11,712,567
$6,079,273
Dlv.on pf.stoofc.i2) 1.500,000 (4)3,000.000 (4)3.000,000 (4(3,00 ,000
Div.on com. 81*6.(6)6,999,946 (4)3,2o0,0.0 (3)2,400,000 (2)l,600,»Oo
$1,002,619
$1,083,819
$1,033,284
—V. 75,
Toledo
& Ohio
Central Railway.
(Report for th$ year ending June 30th, 1902.
President N. Monsarrat says in substaooe
Omitting the operations of the 8t. Marj 's branch, the results as compared with the previous fiscal year show Increase In gross earnings,
$216,li0; decrea^e In net earnings $15,2 5 The lr crease, In operation expense* and the oouseqaentdeoiease lnnetearnlngs were mainly
due to the, in, Teased expenaitures lor maintenance of way and maintenance of * qulpment. The, oost of conducting transportation was also
abnormally hi^h owing to the voir condition of the u.otive power, the
drought vitlailug the water supply to an extent disastrous to locomotive
boilers, resulting In Increased consumption ot fuel and extraordinary
Deduct—
Interest on bonds
BALANCE SHEET JUNE
1902.
A ssets—
eqii'pment.
hi
1-.
anil
St.
-
17,054,376 16,691,405
ccounts
886,617
6,088
1 82,67 3
receivable. Jkc...
Securities owned..
Mai nl» & supplies.
3,3'
7£2,0C4
8,30tf,689
154,958
Bills <s acct'ts pay
able, wages. &c...
119,157
690.000
74,490
80,4 17
81,377
Interest coupons,
dividends, &c...
Special equipment
& bett'meiit io*u
Mary's Branch,
bonds intrust..
.
.
Cash with financial
ag tsfordivs ,<Sc.
Equipment and
betterment loan
K. &. M. By.— see
End rser's liability,
K.&M. Ky.lstM
303.069
St.
contra
:
expenses tor cv<-rtinie, eto
lo provide for renewals of equipment, depredation at the rate of
3 p. c. on locomotives and passenger equipment and 6 p. c. on freight
equipment bas b> en charged to expenses for the year, and the amount
placed in equipment reserve fond to which funu also there has been
credited the inventory value of all equipment destroyed during the
year. Against this fund was charged $d3,159, viz 3 new passenger
engines $ 7,12.^; rebuilding 56 freight cars $it,034; total rail re
newals (7o-lb steel) 1060 tons; in addition $27,452 was charged to
operating expenses as reserve for future rail renewals.
:
534,961
169,282
149,037
572,305
711,880
2469000
Mary's branch
Income account...
Total.
741,397
bonas
2,469,000
— V. 75, p. 667, 499.
190L
1902.
Uabili'ies—
$
$
6,5i>o,000 6,500.000
Stock, common
Slock, prei erred... 3,708,000 3,708,u00
Bonds (see Investors' St'PPLEM'T) 8,600,000 8,500,000
Car trusts
1.16,904 1,091,249
$
Cost of road and
30.
1901.
Total
21,629,382 24,365,961
5K0.000
101,844
241,474
21,629,b62 24,855,961
(Report fur year ended June
President
W.
L.
Brown
Co.
30, 1902.
eays in part:
Dniiog tbe year the physical condition of each plant has been as far
as possible kept to the highest, standard of efli denoy; the expense was
charged to operating ex peuses. It has been found neeeesoiy to enlarge the foundry and pattern shops at Detroit, t- erect some new
but dings at West Superior, to make some alterations and repairs at
Buffalo, and to add some iew tools and machinery at several of the
plaits; this work Is now in progress, and to pay for it a special sum of
$200,000 has been eet ap*rt. as shown In the ireasurer's report
Work done and under construction Is as follows: Vessels built, 41
h gainst 40 tbe year before]; carrying capacity, net tons. 198,500
[against 191.(00]; vessels unoer construction, .i0 [against 21]; carrying capacity, net tons, ld9,noo [against H3,5< O In September,
01].
The oonstruotion during ihe jear has ranged from the standard '>ulk
an<i package freight carriers, for both lake and salt water tratiio. to
the most modern and highest type and passenger steamers, the various plants ot the company demonstrating full ability to build and
equip all Classen and types of the highest class and best construction.
Tbe annual Inorease in lake train, makes It fair to asrume that there
Is Ukejy to be continued construoilou and gradual replacement of outof date tonnage, and hence a fair future business In this line of work
f >v the oompany.
i
>
The earnings and balance sheet
BALANCE SHEET JUNE
1901.
Plants* prop
14,993,237
Addit'n & improv.
19.414
Mateiials on and
640,560
Ace unts and niils
14,6^3,688
3,25 U ,8F8
1976.155
76,7x8
1,187,545
r
leceiv'bleA cash
Work under const.
Total
-V. 75, p. 395.
1,
1899-00.
i
$1,184,257
1902.
19C0-01.
(Tear )
(15 mot.)
$1,99 -.54 2 $1,100,- 66
6 3,000
553,000
532,000
4 20,294
27i,b05
200,000
150,000
Net earnings
Div. 7% on $7,900,000 pl'd stock.
Depreciation and maintenance
Reserve for maintenance...
Reserve Buffalo mortgage
Balance, surplus
follow:
1901-02.
(Tear.)
$2,50 ,551
:
;
1
$26,048,674
843,765
BaL.eur.forj'r $1,547,286
p. 667.
204
740,251
13,189
5,050,3-e.
1,512,358
8.-6
American Shipbuilding
Maint. of way... $6,767,757
Maiut. ot equip.
3,404.995
Transportation
10,139 817
General
975,845
1898 99.
371
371
Passenger.
Freight
Mall, exp. & mlsoel.
Expenses—
inol.
1899-00.
751,151
722,135
615.945
22.463,143 22,816.590 19,9.">9.330
1 941 ots.
1 798 ots.
1 840 ots.
3,8r.7,f32
3.097 116
3,392.021
2,432,909
Tons moved.
Tons moved 1 mile. 496.183 180 436.923,212 410.801,295 310,759.849
44.1 cts.
453 ots.
453 ots.
0438 CtS.
Kate per ton p. mile
367
359
382
Av. train load (tons)
$0-57
$0-66
$057
Earns, p pass, tr m.
$1-66
$1-58
$173
Earns, p. fr'ttr'inm.
Cash.
1901-02.
190001.
429
1901-02.
436
Miles oper. June 30.
Operat on* No. of pass, carried.
78N830
No. of pass. oar. 1 m. 25,4 0710
Rae per pass, p. m. 1-b8 its.
:
by jour
Ave. miles oper.
Earnings —
Frelgnt
$30,227,013
9,177,509
Passenger.
during the year, 2,532,478
Of the 3,857,632 tons carried
(65*65 p. c.) wis bituminous coal.
Earnings—
Northern Pacific Railway.
&
731
The expenditures incurred
30.
1901.
902.
$87. 692.319
Road and equipment
Mail, ex.
J
.
85^/14
5< 9,315
1:0,169,887 18,706,312
$1,173,638
$5b8,666
30.
1908.
nihilities—
$
Stock, preferred.. 7,9o<',000
Siock, common.... 7,m O.O'-o
8S3.326
Acets. payable
500,n00
Bills pa\»ble
3iv
00
Reserve funds
2.920,501
Suiplus
1901.
$
7,9tn>,000
7.600,000
1,214,009
Jot.000
,i
Total.
1,742.303
..20,159,887 18,706,312
THE CHRONICLE.
732
GENERAL INVESTMENT NEWS.
by telegraph invited the followiog
men to meet him in Washington to consult " in regard to the
failure of the co*l snpply, which has become a matter of
vital concern to the whole nHtion," viz.
President Rxisevelt
:
Reading Railway.
W. H. Truesdaie. President Delaware Lackawanna & Western RB.
E B Thomas. Chairman of the board. Erie RR.
Thomas P. fowier. President New Yoik Ontario & Western Ry.
R M. Olypk .nt. President Delaware & Hudson Co.
John Marble, Independent Goal Operator.
John Mitchell, President United Mine Workers of America.
Mr. Olyphant was unable to go, but sent Vice-President
Willcox. Mr, Mi chell was accompanied by District Presidents Nicholls. Daffy and Fahy. The meeting tojk place
yesterday, and at its close it was stated that no settlement
George
F. Baer, President
r
had
b>-en effected.
Statements, Etc —The "New York Times," in its issue of
Sept. 29, ct ntained a letter from President Mi chellto Abram
S. Hewitt and in its i^sue of Oct. 2 Mr. H-wi't's reply.
The total estimated output of anthracite on Oct. 2, as
shown in the pre»s di-patchts from Wilkesbarre, was 29,650
tone.— V. 75, p. 665, 548.
Ashland Coal « Iron Ry.— Dividend Temporarily Passed
Ocving to complications connected with late reduction of
capital stock, to dividend has been paid since Jane 20th, bnt
the company expects to resume at next dividend period. V.
—
&
Ry.— Bonds Ready.
Lonisville
— See Louisville & Nashville RR. b-low.
Report. - S -e under " Annual Reports on a preceding page.
—V. 75, p. 6 1,497.
Chicago Milwaukee
&
St.
Paul Ry.— Rumors.— The com-
pany's common shares have been conspicuous in the dealings
on the Stock Exchange for several weeks past at prices considerably above the previous highest record
At the same
time rum >rs of various kinds have teen in circulation such
as reports of closer relations with other roads, of buying by
the Rockefellers and more recently of an impending increase
ot stock.
Chairman Ro^well Miller is qioted as spying " no
increase of the capital stock or a new bond issue is now
contemplated," bur, nevertheless the rumors that the directors
would shortly consider the issuing of more stock have continued to reappear.
The extension of the Chi-ago Rock
Island & Pacific to Kansas City will bring the two systems
into physical contact, and in view of that fact arrangements
have been pending for a strong traffic alliance between the
companies, but this Chairman Miller states will not be an
exclusive contract, and " no financial interest," he says, " is
involved" in it.— V. 75. p 556, 549.
—
Chicago Rock Island & Pacific Ry.— Deposits. The time
for depositing stock with the Central Tru-t Co. of New York
under the ff er of purchase made by the Chicago Rock Island
Pacific
Co. (of Iowa) has been extendei to and will
expue on Oct, 15. (See plan, V. 75, p 4a7, 239.) -V. 75, p.
665, 611.
<
RR
&
—
Report— The
Chicago Terminal Transfer RR.
d ng June 30 were:
earnings
for the year ei
75, p. 76.
Allan tic Toast Line Co.— Acquisition.— See Louisville
Nashville
LXXV.
[Vol.
Chicago Indianapolis
RAILROADS, INCLUDING STREET ROADS.
Anthracite Coal Roads.— Meeting in Washington.— On Oct.
1
—
—
—
RR. below.— V.
&
75, p. 496
&
—
Va—
Boston
directors,
12
Gross.
$l,t>a9.tl6
19'0-l
Atlantic roast Line RK.— Purchase.— See Louisville
Nashville RR. below. -V. 75, p 341, 134.
Bay Shore Terminal Co., Norfolk, Va.— Bonds.— A mort
gage has been made to the Allan ic Tru-t & Deposit Co. of
Norfolk, as trustee, to s* cure $500,000 of 5 p. c. eold bonds,
dated Sept.. 1, 1902; denominations, $500 and $1,000.
Daub'e Tracking. The directors have voted to doublotrack the line, to extend the system and to improve the
power plant. The company will have $2 000 of contracts
to give out in the n x r six months; address Secretary J. A. C.
Groner, 22 Bank St., Norfolk,
V 75, p. 496.
& Albany RR.— The
—
Teat
19
it
is
said,
have
voted to issue $1,000 000 3V£ per ceut bonds dated Jan. 1,
1901, and maturing Jan. 1, 1951, to reimburse the company
on account of improvements in East Boston and on the
Grand Junc'ion RR.— V. 74, p. 629.
Boston Elevaled RR.— Bonds Aivarded.— The $3,559,000
4 p. c. 8>i year bonds of the West Eud Street Ry. have been
awarded to R. L. Day and Estabrook& Co., jointly.— V. 75,
p. 611,496.
Canadian Pacific RJ.— Steamships Authorized for Atlantic
Monday autho ized the
Service. — The shareholders on
classiticatiou of the directors, the terms of one fourth of the
board to expire jeirly; the lease of the Ottawa Northern
Western lines and an issue of consolidated debenture stock
on account of the Pheasant Hills branch. They also authorized th* operation on the A* Untie Ocean of such steamships
as may be necessary to provide for and protect the traffi; of
ferriog to the prop >siti on submtttei
the company.
several months ago to the Canadian Government, President
Sir Tfiomas Shaughnessy said:
The company offered, subject to certain traffic arrangements, to establish a weekly service of zo-knot steamships between Liverpool an
a »t. Lawrence port durlnsr the summer months H-Ul ax to tin the
Canadian port dunng the winter months, for a subsidy of £2tfVOoO
sterling a year during the first ten years, with a graduated reduction
in the bin >unt of subsidy during each of the two folio wing periods of
five years, the ships to be modt-rn In every reBpeot and to be
built especially for the route. In addition to this the company flgnt
fled its willingness to furnish a fleet of modern freight, steamers of
10.000 tor s capacity each sailing at a speed or about twelve or thirteen knote p^r hour, serving Canadian ports.
Up to 'he presem time your dlreotors have no information as to the
poltc} likHy to be adopted by the G veiotuent. but whatever may be
the outcome of ..he negotiations for the fa«t mall service, the rapid
growth of your ex ort tonnage and the necessity for being io a position to meet the rates of any of your competitors matte It Imperative
that your o< mpany be eo situated on the Atlaitlo that it can quote
through rates or Jrelght and give through bills of lading without being
compel ed to negotiate for space and rates with independent steam
ship lines.
It 1» not expected, of course, that the fre'ght vessels when provided,
will receive any Government subsidy; therefore, th-re will be no
restrictions to prevent your comuany from running them between
such ports as may best suit the purposes of the company. V. 76, p.
665, 653, 546.
&
R
'
r
—
Cape Breton Ry. Protective Measures.—The committee
James G. Cannon, Chairman; William H. Porter
and Samuel Wo'verton, which also represents the share holders
1.430,990
-V.73, p. 1111.
Chicago
Net (over taxes).
$6.2.983
603,322
&
itself, the Iilinoii Trust
$4,<>00 0i)0 4 per cent 50-year
Surplus,
$35,383
11,422
5»1,900
— Bonds
soli to the First National
acting tor
on bonds.
*59/.«0
& Western Indiana RR
comptny has
& Co
Int.
Sold.—This
Btuk
of Chicago,
Savings Btnfc ail Blair
gold bonds, p*rt of an
by th-> shareholders a year
ago and s^cun-d <>y a consolidated mortgige to the Illinois
Trns & Savings Bank as trustee. Of the authorized issue
110,014,' 00 are reserved to retire the ontstan-liug first and
general mortgage bonde; |4, 355,000 can be used to rej ay the
propriearv tenmt companies their contributions to the sink
ing funds und^r the two old mortgage-; the prooeeds of the
$4,000,000 just sold will be used f >r tract elevation and
other permanent improvements; $31,631,000 bonds will beheld
for future additions equ^l to at least the par value rf the
bonds isRi-d. The Uhicago & Eastern Illinois. Wabash,
Grand Trunk, E-ie and the Chicago Indianapolis
L uisville
own the company's entire capital stock and lease i'8 import
ant Chicago terminals, including the Dearborn station, with
a guaranty of the payment of both principal and interest of
all bonds iseued thereon, thus providing for the present issue.
The new bonds are dated July 1, 19l2, and are due July 1,
1952; dt^n mitatitn, $1,000; interest payable Jan. 1 and
July 1 at efface of aforesaid trust compaty the tiustee, or at
New Y irh agency at opuon of holder,— V. 75, p 84!,
Cincinnati Indianapolis & Western RR. -Terms of Merger.
The ar'icles of conspiration filed in Iudianapolis on Sept.
26 it is reported, provides in effect as follows:
Holders of common stork In the O. H. & I. receive $S0 ol new stook
for every $'00 of old; holders of emmon stook In the 1 D * IV. rei^sne of $50 0i0.000 authorized
r
&
—
ceive one shore in the new road for every share held in the M; holders
in the new road for
of preferred stock in the C. H. & I. receive $12
every $lOt» ot preferred held in the old, and h liler* of preterred stook
receive #150 of the new for every $1 O of preferred
In the I. D A
Any residue of the $5,200. OdO capital stock not used In the
In the old.
exchange is to b* used In paying the floating d. br and comply-In* with
statutory obligations The new road assumes all the deuis and contracts of the roads consolidated. V. 75, p. 497, 289.
<
-
W
Conway Seashore RR.
Mortgage.
—A
mortgage was
&
re-
cently made to the South Carolina Liao
Trust Co. of
Charleston, as tru^t-e, to secure $10 00) bonds to cover the
final cost of construction and equipment.
Georgia Suntheru & Florida Ry.— New Securities.— The
shin-holders wid vote October 16 on incr-asmg the capital
stock and also on issuing bonds for the pu^chise of the Atlantic Valdosta & Western Railway.— V. 75, p 608, 441.
Honolulu Rapid Transit & Land Co. Purchase— press
dispatch from S*n Francisco, says
The purchase of the Hawaiian Tramway Company's franchises, track
and ro ling «tock by the company la now a pr*ctioa ly as-uire thing,
—
A
:
I
althou h the formal approval of the stookho d-rs of th»i Tramway
Company, who ar- a In Great Britain, has not vet been received. The
prloe paid is about $300 000. This purch-tse wnl give to the Ktpld
l'ran-it Company the com ,>lete control of all the street transportation
of Honolulu
V. 74, p. 1251.
l
—
Uu'Ihou Volley Ry.— Strike. The strike, which began
2* and for a month practically kept traffic at a stand
of the D minion Securities Co., requests deposits of bonds still, was broken on Sept. 26, wh-n cars were operof the Cape Breton Ry. with the Trust Co of the Republic. ated by non-union men nearly on scnedale time and with
A circular states that it is desirable to provide for an exam- ompara iveiy little protection from th« soldiers. On Sept.
ination of the condition and prospects of the company, an) 31 Justice stover of Amsterdam made permanent an into formulate a plan under which the affaire; of the compauy junction restraining the strikers from interfering with the
"may be continued," consolidated, reorganized or readjus- compiny's property. The strike grew out of the discharge
of two motorruen for accidents, one of which resnlted in tne
ted."— V. 75, p. 28.
Deposits.— About 81 loss of eeveral lives. The other employee demanded the reChicago & Eastern Illinois
instatement of the discharged brethren, and also asked
p. c. of th* entire capital ssoek has been dep isited with the
Colonial Trust C>. f<>r exchange per plan proposed by the St. increased wages.— V. 73, p. 1356.
Indlanap.lis Ik Plalnfleld (Electric) R It. -Opera Hon.—
Louis & 8au Francisco RR (see V. 75, p. 289, 393), viz.:
Common stock, 91 p. c; preferred stock, ,59jp.
V. 75, p. This company, whicn is one of those intending to use the
terminal facilities of the Indianapolis Traction & Terminal
611, 549.
consisting of
RR—
c—
Aug
——
:
October
Co.
(V. 75, p.
apolis
THE CHBONICLE
4, 1902.]
and Plan
began car service between Indian14 miles, early last week. An extension
School, 1 mile, southwest of Plaii field ia pro393),
field,
to the Reform
posed. The company was incorporated uuder the general
railroad law of Indiana with $100,000 capital stock. The
directors are Albert Lieber (President). Henry L. Smith
(Secretary and Treasurer), H. C. Point roy, W. C. Van ArsNo bonds isdel and Fred. A Gregory, all of Indianapolis
sued. The Indianapolis Plainfield & Western Traction Co.
also was incorporated in Jnne. 1901, with $200,000 author
ized capital sock and B. F. Nysewander as President, and
began to build from Indianapolis to Plainfield by another
route; present status not reported.
Louisville & Nashville
Coast Line.— J. P. Morgan
RR.— Control
told
Atlantic
thit
of the $60,000,000 capital stock of the Louisville <S Nashville,
they bad arranged to sell $30,600,000 to the Atlantic Coast
Co. through the medium of a syndicate ft rmed for
Line
that purpose. The stock sold includes $10,200,000 bonght outright several months ago from John W. Gates. E iwin Hawley
and associates at a price reported as 130, and $20,400,000 now
purchased at 150 from the Gates and Hawley syndicate under
an option given last April at the time the control of the comCo. (V. 74, p. 830,
pany was turned over to J. P. Morgan
& Co.
announced
to
this
week
RR
&
1038.)
will give in payment
(1) SlO.OOO.fCO In cash; (2) $35,000,000 In 4 p. o. 60- year collateral
trust bonds of the Atlantio Coast Line RR Co of Virginia secured b\
deposit of ibe Louisville & Nashville etoci; (3) $5,uOO,OoO in Atlantio
Coast Line RR. of Virginia stock.
These several amounts aggregate $50,000,000, which at 4 p
o. interest, would represent an annual charge of $2,000,000.
The $30 600,0' L.
N. stcok at the present rate ot dividend
(5 p. c.) returns $1,530,000.
syndicate has been formed to subscribe to the Coast Line
bonds. There is no authority foi the statement that provision will be made for the minority stock.
President Williams of the Seaboard Air Line in an interview says in part:
If an attempt Is trade to Interfere with the free interchange of busi
ness between tbe Louievll e and Its present connections, such a policy
will be followed In due course by the construction of n^w railroading to the Louisville & Nashville territory. I assume, however that the
friendly relatloi 8 'whit h have heretofore existed between the Louis
vllle & Nash il'e RK. and its several connections will not be Interrupted It is certainly the desire of the Seaboard Air Line to maintain cordial relations with both allies and competitors.
Meeting Ad journtd. Tbe annual meeting, which was set
for Wednesday, was adjourned until Nov. 5. The annua
report, it is stated, will not be issued until the meeting is
held.
New Bonds.— The new Louisville
Nashville-SouthernMonon collateral 4 p. c. joint bonds are ready for delivery in
exchange for the temporary certificates at the Standard
Trust Co., No. 25 Broaa St.— V. 75, p. 342, 185.
The Atlantic Coast Line
&
A
—
1
&
Macon (Ga.) Consolidated Street RR.— Consolidation
Ordinance Ace pted.— The ordinance passed by the City
Council on Sept.
16. authorizing the consolidation of this
the Macon Electric Light
Railway Co. and
the Metropolitan Street RR. Co., was duly accepted by the
three companies on Sept. 20. The ordinance grants a 50-year
franchise and provides, it is understood, as follows:
At least $150,000 shall be expended within two years for improvements. Tbe company shall be exempt from assessment on account of
franchise till Lee. 1, 1913; for the ten years thereafter the company
shall pay 1 per cent per annum of its gross earnings, and for tbe remainder of the 50 j ears It shall pay into the city treasury 2 per cent
of Its gross earnings, this to be In lieu of the license tax of $5 per car
per annum now levied, after the payment of the 1 per cent assess-
&
company with
ment beglr.8.— V.
75, p. 498, 135.
Manhattan (Elevated)
Ry.,
New York— Electric
Trains
on Sixth Avey.ue.—The first electric train on the Sixth Avenue elevated made a trial trip on Monday; regular electric
service was begun between Rector Street and 58th Street on
Wednesday. The company plans to start the regular schedule of electric trains over the Ninth Avenue division on Nov.
1.—V. 75, p. 498, 342.
Missouri Kansas * Texas Ry.— Guaranteed Bonds.—See
Texas & Oklahoma RR. below.— V. 75, p 608.
Mobile & Ohio
RR.— Report.— The
results for the year
ending June 30 were:
r
,?^
r"
1801-2
Orois.
$«,f>09 488
Bal„ sur.
$341,560
1900-1
6,139,912
1,807,061
114,951
366,702
1,555,310
From the balance as above in 1901-2 was paid for principal
of car trusts, new equipment and additions to property,
$417,510, leaving a net surplus of $124,050; in 19C0-1, $389,416 was paid, leaving a net deficit for the year of $22,714.—
Net.
Oth. inc.
Charges.
$2 020,302 $110,365 $1.589,i07
783
Northern Ohio Traction Co —Plan.— The plan prepared
by J. R. Nutt of Cleveland as reorganization trus'ee ia now
at hand. Under its terms the stockhold-rs are requested to
deposit their stock with the Savings & Tru9t Co. of Cleveland on or before Nov. 1. The plan provides for the formation of a new company to bn known as the Northern Ohio
Railway & Light Co., with $7, 500, 00 of common stock in
$ 00 shares, and $7, 5^0,000 of 30 year first consolidated mortgage gold bonds, of which $1,000,000 are to be 5 per cent
and $6,500,000 4 per cent.
The new securities are to be issued or reserved as follows:
New
New
Bearing
<
retire present common
($2.500.0t'0)
To retire present preferred
To
Stock.
Bonds,
$5,000,000
$1,250,000
4p.c.
1,000,000
X500.000
l,ooo,roo
500,000
5p.e.
4 p. c.
1,000,000
3,000,000
1,750,000
4
$7,500,000
$7,500,000
stook
($i.0O0.O00)
To be sold for impts.and extensions..
Held in escrow to retire present
bonds
To be retained
interest.
stock
in treasury
Total
4 p.
e.
p. c.
x As bonus, with the $500,000 bonds.
Each $100 old common stock will be exchanged for $200
new stock and $50 in 4 p. c. bonds; each $100 old preferred
will be exchanged for $100 new stock and $100 in new 5 p. c.
bonds. Tbe plan is endorsed by Henry A. Everett and the
other leading stockholders. The plan contains the following:
During the year 1901, after payment of all fixed charges and dividend on preferred stook, there was left $'0.ooo, equal to a 1-5 p. e.
upon the outstanding common stock. For 1902 It is estimated that
net earnings, after payment of fixed oharces'andrlvidendou preferred
stoob, will be $125,000, equal to 5 per oent
stock.
upon the present common
On this basis there would be earned on the new stock, after
providing for the increased fixed charges, estimated at $70,000, approximately $55,000, which would be equal to 1 per
cent— V. 75, p. 667.
Northern Pacific Ry. Power Suit Dismissed— See Northern Securities Co. below.
Report. -See results on page 731.— V. 75, p. 667.
—
Northern Securities Co. Power Suit Dismissed. Judge
A.midon ot the United States District Court at St. Paul on
Wedresday permitted Camille Wiedenfeld to intervene as a
plaintiff in the s i called Power suit in order tbat the record
might show that he, and not Peter Power, was the owner of
the shares of stock upon which the suit was based. He then
dismissed tbe entire suit. The Judge in his decision criticised
Mr. Weidenfeld for " imposing " upon the court in bringing
the suit in tbe name of Peter Power, for "grossly improper
conduct in obstructing this cause before the examiner," and
for delaying the bringing of the suit until Dec. 30, when a temporary injunction might have thrown over the retirement of
the Northern Pacific preferred stock for an entire year, the
preferred being retirable only on Jan. 1 (V. 74 p 41), The
evidence, the Judge says, leaves no doubt thit the retirement
of the preferred stock was entirely valid.— V. 75, p. 611, 498.
Oregon Short Line
RR.— Bond
Circu far.— Boisaevain
&
Co. of this city have issued a circular regarding the 4 per
cent and participating 25 year gold bonds.— V. 75, p. 667, 612.
Pennsylvania Company.— Called Bonds.— Gold
%%
P* c -
certificates of 1901 to the amount of $334,000 are called and
will be paid at par on Nov. 1 by the Grirard Trust Co., Philadelphia.— V. 74, p. 525.
Pennsylvania Midland RR.— Soli.— At the foreclosure
Pa on Sept. 25 the property was bid in for
$50,000 by John M. Reynolds of Bedford, attorney for the
Pennsylvania Railroad The road (unoperated) extends from
Cessna, in Bedford County, to Brooks Mills, in Blair County,
about 14 miles.—V. 70, p. 792.
Pittsburg Cincinnati Chicago & St. Louis Ry.— Called
Bonds.— Jeff ersonville Madison & Indianapolis RR. bonds
sale in Bedford,
,
of 1866 to the amount of $225,000 will be paid at 110 and interest on presentation at the Farmers' Loan
Trust Co.,
interest ceasing on O^t. 81.
V. 75, p. 1356.
—
&
Paget Sound Electric Ry.—Purchase.—See Taeoma Ry. &
Power Co. below.
In Operation.— Cars over the Puget Sound Electric Company's new line from Seattle to Ronton were to commence
operation Sept. 14. Single fare 15 cents, round trip fare 25
cents. The cars run over the tracks of the Interurban line
as far as Black River Junction.
St.
Louis
& San Francisco RR.— New Mortgage.—The
New Orleans Railways.— Strike.—The company's street
car employes, numbering about 1,800 men, struck on Sept.
28 for an 8-bour day at 25 cents an hour, instead of the existing 10-hour d«y at eighteen cents an hour, as provided for
by written contract of April 1. The men assert and the
company denies tbat this contract has been violated by the
management. The strike caused a complete cessation of
street-car traffic except for mail cars.
Injunction Refu ed.— Judge King of the Civil District
Court in New Orleans' on Sept. 8 denied the application for an
injunction to prevent the city from accepting the Bulled bid
for the establishment of a municipal lighting plant.— V. 75,
shareholders will vote Nov. 10 on a proposition to increase
the bonded indebtedness by an issue of $18,000,000 4 p. c.
gold bonds, to be secured by a mortgage on railroads, franchises and property constructed or acquired with the proceeds thereof, or by the deposit as collateral security of the
first mortgage bonds of the railroads constructed or acquired with the proceeds thereof.
The company declines to make any statement prior to the
meeting, Nov. 10, regardirg the purposes to which the proceeds of the new bonds will be put, further than that the
management has good use for the money, and will take advantage of the annual meeting to get the authorization. The
"New7 York Sun" says: "It is understood th*t an underwriting syndicate has been formed to take these bonds, the
proceeds of which will be used to pay 'for betterments and
for such other purposes as the directors may direct.' "—V.
p. 44«, 290.
75, p. 612, 843.
V.
75, p. 666.
*
—
THE CHRONICLE.
734
St. Louis Yaodalia & Terra Haute RR.— Receivership,—
Receiver Malott of the Terre Haute & Indianapolis Has mad*
the following statement to the "St. Louis Globe-Democrat"
concerning the suit in which Henry C. Begole was appointed
[Vol.
LXXV.
has obtained from the Massachusetts Railroad Commission
authority to issue $500,000 first mortgage bonds.
The company's line between Southbridge and Worcester
was put in regular operation on July 21, cars running halfhourly and covering tbe 21 miles in 82 minutes fare 30
receiver of this company:
This suit was Instituted by Thomas and others owning only a very cen's. The company announces its intention to build through
few i»ha' e» of common stock. They olalmed that the preferred stock to Hartford Conn. President, Fred. Thayer; Secretary and
was illegally Issued, and that the net earnings of the company were Treasurer, W. A. Bailey. Office, 518 Main St., Worcester,
paid out as divide n<ls on that stock, to their d«trlment. This preferred
stook was Issued many years ago to retire income bonds, which were Mass.
;
cover expenditures made In building and equipping the road.
There has been adjudication of th* question Of the validity of the
preferred stook. The Terre Haute & Indianapolis leases the Vand alia,
and after paying taxes and Interest on bonds the b lance of rental Is
paid to the VandailaOompany. A 1 the sthul ti<>na of the lease have
iss'ied to
INDUSTRIAL. GAS AND MISCELLANEOUS.
<
been, anfl are being, performed|by the leasee, t e balance of rental now
being deposited In a fund oreated by order of the United States Circuit
Court.
There is no probability of the lease being disturbed, and if the lease
were broken the control would remain the same as at present, for the
Pennsylvania and Terre Haute & Indianapolis own nearly all of the
common stock and everv shxre of the preferred stook, and the Pennsylvania purchased at maturity, and is now carrying, long since overdue and pe> ding an adjustment, all the first and all the second mort-
gage bonds.— V. 75. p. «J67.
Seattle Tacoma I nterurban (Electric) By.—Purchase.—
See Tacoma Rv. & Power Co. bt-low.
Regular Serv ce.— Regular service over this company's
third-rail elec ric road between Seattle and Tacoma was to
begin on Sent. 25. trains running every two hours in e a?h
direction. Express traiDs covering the 36 miles in 1 J ^ hours
will be put on shortly. The fare is 60 oents one way and $1
for the round trip.—V. 72, p. 1035.
—
Alaska Packers' Association.—See " Salmon Pack" below.
—V
73, p. 34.
Alliance Realty Co.— Out of Combine.—See United States
Real»y & Construction Co. below.
Protective Measures. A committee ooneisting of Walter
T. Rosen of Ladenburg, Thalmann & Co., F. S. Smitbersand
George L. Peabody rf quests the stockholders to deposit their
shares, or Central Trust Co. reoeipts ior the same, with the
Atlantic Trust Co No. 49 Wall St., on or before Oct. 80, in
order that concerted aotion may be taken in view of the
majority of the stockannouncement above referred to.
holders have agreed to allow the committee to represent
their interests.
Further deposits will be received until 3
P. M. Oot. 10
V. 75, p. 79.
—
,
A
—
New Officers.— 3, P. Cooper, of BosCo.
been elected President, succeeding Albert C. Case,
resigned, and L. L Fleming has been electe 1 Vice President
—See that company above.
Lease.— The t-bareholders on Oct. 14 will ratify the lease of and General Manager, vice H. E. Tener Jr., resigned.
the property of the Southern Railway Carolina division, ex- Messrs. Case and Tener remain as directors. Frederick Y.
Robertson, of the Trust Co. of the Republic, is now a dirececu ed Jane 30, 1902.
Time Extended. The voting trustees announce that tbe tor and also a Vice-President.— V. 75, p. 81.
time for stamping of voting trustees' certificates is futtber
American Express Co.— Purchase of Stock.—-The New
extended up to and including Oct. 15, 1902. (See circular, York Central
Hudson River RR. Co. during i's last fiscal
V. 75, p 442 )
year bought $3,(K 0,000 of this company's capital ft ck at $150
JMerger Approved. Tbe controversy in Mississippi as to the a share. See report on another page. V. 73, p. 1068.
legality of ihe merger of the Mobile
Ohio is reported to
American Fork & Hoe Co.— Securities. This company's
have been settled with the acceptance by Gov. Lougino of first mortgage collateral trust deed secures $800 000 of 6 per
tbe articles filed by the Southern.- V. 75, p. 612, 550.
cent $1,000 gold bonds, dated Sept. 1, 1902, and due Sept. 1,
Tacoma Railway & Power Co.—Litigition.—La the Chan 1917, but subject to call in whole or part for payment on
eery Court at Newark on Monday Vice Chancellor Emery rt y interest day (March 1 and Sept. 1) at 103; sinking fund,
heard the argument in the suit bronght by William N. uoier $54 000 yearly; trustee American Trust Co. of Cleveland.
and others seeking to restrain the sale of the company's prop- Th-re are no prior liens. The total authorized capital stock
erty and franchise to tbe Seattle & Tacoma Interurban Rail- is $4,000,000 {not $1,800,000) in $100 shares, of which $2,009,way Company [through the medium of the Puget Sound 000 is 7 p. c. cumulative preferred; present issn«, $1,661,200
Electric Ry ] for #700,000.— V. 74, p. 1856.
common and $1,928,800 preferred. George H. Kelly is SecTerre Haute & Indianapolis
See St. Louis Van- retary. Further particulars in V. 75, p. 668.dalia
Terre Haute RR. above.—V. 72, p. 138.
American Pneumatic Service Co. Mail Contracts
Texas & Oklahoma RR.— Guarantee i Bonds —The mort- Awarded. — Contracts for carrying the mails by pneumatic
gage made July 1, 1902, to the Tr^t Co of the Republic, as tube service in Boston, New York, Philadelphia, Chicago
trustee, is to secure not exceeding $5,000,000 of 5 p. c. and St. Louis have been awarded as follows, the service in
$1,000 gold bonds, due July 1, 1952, guaranteed as to principal all cities not to exceed $800,000 per annum:
Boston oon tract, to Boston Pneumatic Transit Co [controlled by
and interest by the Missouri Katists & Texas Ry. in game
American Pneumatlo Service Co. V. 71, p. 1166], the contract to apform as shown for bonds of Missouri Kansas & Oklahoma RR. proximate
$6i\,OoO annually.
in V. 75, p. 185. The T.
O. RR, bonds are issuable only as
New Y>>rk contract, to New York Mall & Newspaper Transportation
follows:
Co [controlled by Tubular Dispatch Co. V. 67, p. 127]; oontraot
prloe approximating $414,000 per annum; none of the routes haa been
To retire at or before maturity equal amount of 6 p. o. bonds
constructed.
of Southwestern Coal & Improvement Co., guaranteed
Philadelphia oontraot, to Pneumatlo Transit Co., Oeorge J. Murray,
by the M K. & T. Ry. Co
$9K8,000 Secretary, tbe oontraot prloe approximating $129,000 per annum [see
Issuab e atonoe to order of T & O. RR. Co
337,000 V. 76, p. 294],
Issuable hereafter for completed road, constructed for
Chicago oontraot, to Illinois Pneumatlo Service Co. [controlled by
acquired, at not exoeedlng $ 40,000 p&r mile of main track. 3,695,000
American Pneumatlo 8ervloe Co.], the oontraot prloe approximating
—V. 75. p. 186.
$i4i,n00; Done of the routes has yet been built.
St. Louis contract, to St. Louis Pneumatlo Tnbe Co. (controlled by
Texas & Pacific Ry.— Called Boads.— First mortgage
Eastern Division bonds of 1875 for $126,000 will be paid at par American Pneumatlo Service Co.), the oontraot price approximating
annum. No routes have yet been built.
on presentation to the Mercantile Trattt Co., New York City; $48,000 per
Owing to tbe limitations of the appropriation, no service
interest will cease March 1, 19 J8.— V. 75, p. 667.
was contracted for at Brooklyn or Washington, for which
United Railways Investment Co., San Francisco.— Ap- bids bad been called. The routes covered by the contracts
plication to List
The New York Stock Exchange has been were described in the "Journal of Commerce and Comashed to list tbe $15,000,000 preferred and $10,000,000 commercial Bulletin" of Sept. 29.
mon stock.— V. 74, p. 1039.
Under the contracts obtained by its subsidiary companies,
Waterloo & C»dar Falls (la.) Rapid Transit Co.-iZe- the American Pueumatic Service Co. will be required to
funding. The $d50 000 first mortgage bonds of 1U01 have construct in Chicago, St. Louis and Boston over 15 miles of
been called for payment at 103, interest to cease D j c. 1, and conduits, part of the Biston system having already been
a new is&>u« of $600,000 5<6 gold bonds dated Oct. 1 has been built. (See V. 74, p. 1357).— V. 75, p. 79.
created. Of the bonds, $460,000 were subscribed for by holders
American Shipbuilding Co.— first Dividend on Common
of the old bonds, and the remaining $140,000 are offered for
The directors on Wednesday declared the first diviStock—
public eupscription at par.
dend on the common stock, viz., 4 p. c. for the year, payable
Wisconsin Central Ry.— Underlying Bonds Assumed.
in quarterly sums of 1 per cent in November, February, etc.
The company la«t April entered into formal contracts with
Report.— See under "Annual Reports."— V. 75, p 395.
the trustee of ihe underlying issues, assuming and agreeing
American Smelting & Refining Co.— Lead Consolidation.
to pay principal and interest when and as maturing of all
National Lead Co. below. V. 75, p. 550, 136.
—See
the outstanding:
Tobacco Co.— Agreement.— See Consolidated ToAmerican
1. Wisconsin Central RR. Co. first series mortage bonds of 1879;
bacco Co. below.
2. Milwaukee & Lake Winnebago RR. Co. first mortgage 6 per cent
bonds of 1*8 i and
Baltimore (Md.) Bridge Co.— Successor Company.—This
3. Chioago Wisconsin A Minnesota RR. Co. 6 per cent bonds of 1885.
company, recently organized under the laws of Delaware,
The execution of these agreements makes the outstanding with $1,750,000 paid-in capital stock, has purchased the busibonds of the three issues choice anderlying securities. Copies ness of the Strucural Iron & Steel Co., of Baltimore. (V. 73,
of the aesump'ion Agreements can been obtained from Ed
" Engineering News " says
p. 448) The
win H, Abbot, 14 Beacon St., Boston.
The plant has recently been completely remodeled and now has a
Report. See annual report on pages 737 and 741 of to-day's oapaolty for turning out 7,o00 tons of material annually. Plans are
Southern Railway Co.— Louisville
& Nashville Settlement.
American Cotton
ton, has
—
&
—
—
&
—
RR—
&
—
,
&
—
—
—
:
—
Chronicle.
New Car
Trust*.— See "Equipment" in annual report above
referred to.— V 73, p. 838, 850.
Worcester & Southbrid^e Ry. — New Securities.—This
company, whi h recently iacreised its outstanding capital
BtoCi from $400,000 to $500,000 by sale at par ($100 a share),
now under way for the addition of a girder shop capable of turning
out the heaviest type of reamed and solid drilled wors. which will
more than double the present oapaolty. The plant Is located on the
main line of tbe B. & O. Rrt. Nathaniel Haven is President and Alfred
M. Mosscrop Vice-President and Manager of the new oouoern.
Bay Counties Power \)o.— Dividend.— Dividend No.
cents per share will be paid Oot. 10th.— V. 75,
p.
6 10.
4 of
—
—
October
4,
1902.]
—
THE CHRONICLE.
735
Detroit Mackinac & Marquette BR Land Grant.— Interest
British American Tobacco Co.— Incorporated.—This company was registered in London on Sept 29. The capital stock Payment Increase i — A semi-annual interest pavment of 1^£
None of the p. c, as agtinst 1 p. c. heretofore, is announced payable on
is 130.000,000, of which $7,500,000 is preferred.
stock will be offered to the public. See Consolidated Tobacco the land grant bonds Oct. 6. 1902, at the Central Trust Co.
Land Purchase.— The 1,000,000 acres of hardwood lands reCo. brlow.— V. 74, p. 682.
Carbonate Co.—Reorganized Co mpany,—This company cently sold were taken by the Cleveland Cliffs Company.
was incorporated in New Jersey on Sept. 3 with $1,200,000 See V. 76, p. 448, 182.
authorized capital stock, in $1,000 shares, as successor of the
(W. L ) Douglas Shoe Co., Brockton, Mass.— .Re-incorpoUnited States Carbon Co.. whose patents and plant were rated.— This company was re-incorporated in Mail e on Sept.
18 with $2,000,000 authorized capital stock, in $100 shares, of
sold at receivers's sale on June 10 to the reorganization committee, subject to mortgages and liens of $104,000. (V. 74, p. which $1,000,000 isg7 per cent non -cumulative preferred. The
Di1258.) Of the capital stock $1,000,000 is common and $2 0,- preferred stock will be offered to the public at par.
.
Nearly half of the com
7 p. c. cumulative preferred.
$50,000 of the preferred will be placed in the treasury. Under the plan of reorganization the old bondholders
and creditors receive for a $1,000 bond or debt $l.0»0 new
preferred and $5,000 new common. The old stockholders
have no part in the reorganization. The company will manufacture superior liquid carbonic acid and commercial lime.
President, Thomas- L Feitner of this citv; John M. Hartman
000
is
mon aDd
of Philadelphia, Vice-President; Irwin H. Powell, Treasurer,
and Robert E. McDonnell, Secretary. Mr. Feitner was Chairman of the reorganization committee.
Charleston (S. C.) Mining & Manufacturing Co.— Called
Bonas. See Virginia-Carolina Chemical Co. below (also as
to acquisitions, etc., V. 72, p. 1186; V. 78, p. 1268; V. 75, p.
—
687).
Cleveland (0.) Furnace Co.— Mortgage.— A mortgage for
$162,000 has been made to the Society for Savings of Cleveland. -V. 74 p. 1092.
Colorado Fuel & Iron Co.— Meeting to Be Held Dec 7.—
Judge Henry C. Caldwell, in the United States Circuit Court
at Denver on Oct. 1, in the case of George F. Bartlett, ordered that the stockholders' meeting be held on Dec. 7. The
Judge upholds the company's bylaws as to registration of
stock in Colorado and appoints Jadge Seymour D. Thompson
of St. Loois as master to take testimony to ascertain who in
fact has a right to vote.
The Court also holds that the owners of stock or their
proxies have a right to vote, even if their names did not appear on the New York books when the same closed. V. 75,
—
p. 500, 443.
Consolidated Tobacco Co. British American Agreement
Under an agreement announced on Sept. 27 close relations
have been established with the Imperial Tobacco Co. of Lon
don (V. 75, p. 897); the control of Ogden's, Limited, has been
turned over to that company; three representatives of the
American company have been elected to the directorate of
the Imperial, and each company agrees in future to confine
its operations to its own country, the export business of both
to be turned over to a new company to be organized in their
common interest under the title of the Butish-Amerlcan
—
(see that comoany above.).
The text of the
statement, as given out in London, is as follows:
The business of Ogden's Limited lias been transferred to the Imperial tobacco Co., and the export business of the Imperial, Ogden's
and the American Tobaooo Co. and Its allies have been amaieamaie.i,
and a joint company Is In oonrse of formation under the name of the
British-American Tobaooo Co., Limited. The result Is that the Im
perlal Company will, as agreed between the biherto competing parties, be left in possession of the trade of the Uulted Kingdom, while
the American company Is not to be disturbed In the United States or
Cuba, and the British- American Company will compete for the trade
of the oi her parts of the world. Ihe Imperial Company will pay for
the gi ocl will of Otiden's business Id ordinary shares ranking with the
Tobacco Co.
official
similar she res of the original vendors behind the b 1^ per cent preference shares of that company, and will pay for the tangible assets of
Ogden's In oat-h.
J. B. Duke. R. H. Walters and Thomas Ogden will be elected to
seats In the Imperial board, and the first directors of the BritishAmerican Company will oonslst of Sir William Henry Wills J. B.
Dnke J. B.Cobb, H H. Willie. W. B. Harris. O. E. Lambert, W. W.
Fuller, W. G. Player, O. C. Dula. Hugo von R Cunnffe Owen, Peroival
8. Hill. Thomas Gracey. W. B. Otfden, R H. Walters, Thomas Ogden,
P. R Walter*, Poroy Ogden and Harold Roberts.
The transfer of Ogden's English business will take effect on Sept.
30, and from that aay it will be in the hands of the Imperial Company.
The capiral sto. k of the British-American Company will
be $3 ',''00,000; Mr. Duke will be President.
Mr. Tnomae F. Ryan, who with Mr. Dake conducted the
negotiations for the American companv, says:
The agreement made to transfer to the Imperial Tobacco Co. the
busli e»a of the consolidated Tobacco Co In England was made for full
and satisfactory consideration. The American company beoomes a
large shareholder in the English company, with tnree representatives
on its board of directors, one of whom is Mr. Duke.
The Consolidated Tobaooo Co. will pursue Its business in the American flel l, including not only the United States, but Cuba Porto Rico,
the Hawaiian Ii-Unds and the Philippines, without competition from
the Britich company. The Imperial company will not encounter the
competition of the American company in the business of the United
Kingdom of Great Britain and Ireland, lnoiuning Scotland and Wales.
In the new British Ainei loan company the British company has onethird of the stock and the American company has two thirds. The
board «.f directors consists of six representatives of the British company and twelve of the American, with Mr. Duke as Its President,
who remains abroad to perfeot the organization This British-American company win take over the entire business of 'he Imprrlal company ai d or the Consolidated company In all foreign countries and in
the colonies of ureat Britain, including Inala, Canada and Australia
The agreement made is satisfactory to both sides and equitable to ail
Interests lepresented.
Mexican Purchase.— A press despatch from the city of
Mexicu on S-ut. 80 announced the purchase by an American
syndicate (British- American ?) for a sum said to be $9 000,000
in gold of three of the largest tobacco factories in
El Baena Tono, La Tabacera Mexican and
Mexican.— V. 74, p. 1141.
viz.:
Corn Products Co.— Competition. -See
Starch Co. below.— V. 75, p. 79.
Piel
La
Mesico,
Cigaira
Brothers'
rectors
:
L. Douglas (President), H. L Tinkham (Treasurer), A. T. SweetW(Secretary),
Drake, F. L. Erskme and W. R. Buchanan.
H.
ser
t.
Eastman Kodak Co.— Controlled Company's Stock Reduced. — The old Eastman Kodak Co. of Rochester hwa reduoed
its capital
stock from $5,000,000 to $1,000,000.— V. 75,
p. 618.
East St. Louis Gas Light Co.— Bonds Offered,— Granger
Far well & Co. offer at par and interest $2&0,000 first mortga*.e sinking fund gold 5s, dated Sept. 1, 1902, and due Sept.
1, 1922, but su- ject to call upon any interest day after Sept.
1, 1912, at 105 and interest; interest payable March 1 and
Louis; denomination, $1,000. Illinois
1 in East St.
State Trust Co. of East St. Louis, trnstee.— V. 75, p. 651.
Grand Rapids (Mich.) Edison Co.— Further Consolidation.
This company has formally merged into itself the three
companies heretofore controlled by the Lowell Electric
Power & Lighting, viz.: West Michigan Electric Co., Lowell
Power Co. All
Water & Liuht Co. and Peninsula Light
the electric light and power properties of the city except the
municipal plant are now owned, Capital stock $1,00 >,000;
bonds, first 5s, all now outstanding, $800,000. A storage battery building of Portland cement and steel has been constructed. See further particulars in V, 74, p. 1199
Great White Spirit Co. Distribution to Bondholders.
Special Master Jasper Sargent Jr. will on Oct. 8, 1902, at his
office, 63 State St., Boston, pay to holders of the bonds and
con pons their portion of the proceeds of the foreclosure sale.
Sept.
—
&
—
-V. 72, p. 725.
Havana Tobacco Co.— New
—
Holders of
Certificates Beady.
certificates of deposit for Havana Commercial Co. shares are
notified that the regular engraved certificates of the Havana
Tobacco Co. are
Trust Co. of
now
ready for delivery at the Guaranty
New York.— V.
74, p. 1142.
Imperial Tobacco Co.— Agreement.— See Consolidated To
bacco Co. above.— V. 75, p. 397.
International Mercantile Marine Co.— Shipping Consolidation.— On Wedn^day the amalgamation of Atlantic shipping interests which J. P. Morgan & Co. have had in hand
for several months past was organized under this title, the
charter of the International Navigation Co., a New Jersey
corporation, beiDg employed, with name changed as above,
and other amendments adopted. The authorized capital
stock was increased from $15,000,000 (of which $10,000,000
was 8 per cent preferred) to $120,000,000 (in $100 shares), of
which $60,000,000 preferred stock. 6 per cent cumulative, and
common stock, limited to dividends of 10 percent
annum so long as there shall be outstanding any of the
new debentures. The company will issue $50,000,000 of col-
$60,i 00,000
per
lateral trust debentures, bearing interest at the rate of 4^
per cent per annum, payable semi-annually, the principal to
be payable in twerity years, with the right to the corporation at any time after 5 years to redeem the same at 105. The
stock has been subscribed and paid for by those wbo are interested in thf» combination, and the bonds are taken by the
syndicate formed last spring.
The six lines which will be in the amalgamation are:
White Star Line,
Leyland Line,
American Line,
Atlantic Transport Line,
Red Star Line,
Dominion Line.
Note. -The Harland & Wolff Shipbuilding Co. of elf ast, with which
the new company has entered into a strong all anoe (see V 74, p.
1093,) acquired iu February last a large interest In the Holland- America Line and It is believed that that oompanymaybe inc uded as
practically a part of the combination, at least in so far as sailings and
rates are oonoerned.
The exact relation establishad between the parent company and the s-veral subsidiary companies is not explained.
It is stated, however, that the International
Mercantile
Marine Co. "includes all of the various companies in the
c mbination."
The rela ions of the new company to the English Government are fixed by a 20 year agreement renewable by five
yeirs' notice from each party. This agreement provides
The British vessels shall remain British, not m«rely nominally, but
In reality. A majority of the dlreotors of the English subsidiary companies shall be of British nationality, the vessels shall fly the British
flag, their officers to be British, and a reasonable proportion of
their crews to be drawn from the same nation.
See further particulars as to amalgamation plan in V. 74,
r
:
p. 888, 941,
Directors.
1093.
—The directors are as follows:
American*—
A
BOARD OP DIBECTORS.
Britisn
Committee—
GrlS'-om,
P. A. B. Widener,
B. N. Baker,
Sir Clinton E.
John
J.
C.
I. Wrtterbury,
E. J. Berwlnd,
George W. Perkins,
Dawkins
(Chairman),
Rt. Hon.
W.
J. Plrie,
Bruce Inmay,
Henry Wilding,
Charles F. forrey.
James H. Hyde,
Charles Steele.
President, C. A. Orisoom.
—
—
THE OHHONIOLE.
736
EXECUTIVE AND FINANCE COMMITTEE.
A B
Wldener,
Charles Steele.
George W. Perkins,
Atlantic /Steamship Service for Canadian Pacific, — See that
company under Railroads " above.
Subsidy to Cunard S.S Co.— The English Government has
agreed to give tho Cunard Steamship Co. a subsidy of $750,000 annually, the companv to build two large, fast steamers
'
for the Atlantic trade. Farther particulars follow
The agreement will remain In force twenty years after the completion of the teoond steamer. The Government will lend the money for
the construction of the two steamers, charging Interest at the rate of
21» p. o. per annum, the loan to tie repaid in anmal payments extending over twenty years. When 'he first payments of the $750,000 subsidy are made the present Admiralty subvention wjII be discontinued.
The company agrees that under no circumstances shall the management of the C' mpany be In the hands of other than British subjects,
nor shall the shares of the company or Its vessels be so held.— V. 75,
:
p. 246.
Marine Co. above.— V.
International *alt Co.
Ste that company below.
75, p. 293, 138.
Receiver for National Salt Co.
—
—
The International Salt Co. paid its coupons Oct. 1
North American Trust Co. as usual. V. 75, p. 551.
Manufacturers' Light & Heat Co., Pittsburg.— New Stock,
The shareholders will vote Nov 25 on a proposition to increase the capital stock from $5,000,000 to $10,000,000. The
Interest.
—
at the
—
"Pittsburg Gazette" says:
A new line will be brought to Homestead and the East End of
Pitts-
Deals are on for tbe merging of outside producing interests,
but officials say that they have not yet taken euoh shape as to warrant
specific announcement. — V. 75, p. 457, 138.
Massachusetts (}as Co.— On Boston Unlisted. The common and preferred shares have been admitted to quotation
on the unlisted department of the Boston Stock Exchange.
There is $15,000,000 each of common stock and 4 p. c.
non-cumulative preferred, par $100. The new certificates are
being issued by the Old Colony Trust Co. on payment of the
officers:
last instalment of the assessment.
Trustees: CharleB Francis Adams 2d, Samuel Carr, Joseph B. Russell,
Charles A Stone, O. Minot Weld, Walter O. Baylies. Robert C. Pruyn,
Frederic E. Snow, Albert Strauss and Robert Wlasor.
President, C. Minot W^ld; Treasurer, Wallace 8. Draper; Seoretary,
John C. Rice. The Oia Colony Trust Co. is the transfer agent and the
Massachusetts Trust Co. reglotrar.— V. 75, p. 552, 345.
burg.
—
New
—
Midland Linseed Oil Co., Minneapolis— Incorporated.
This company was incorporated in Minnesota duriDg August
with $2,250,000 fully paid-up stock, of which $750,000 is 6 per
cent preferred, and purchased the plant, assets and good will
of the Midland Linseed Oil Co. of Minneapolis. The directors of the new company are:
President, E C. Warner; Vice-President, E. C. Blsbee; Secretary and
Treasurer. W. C. Stone; W. O. Douglas of Cedar Rapids and G. F.
Piper of Minneapolis.
National Asphalt Co.— Plan Operative.— The reorganization committees representing this company and the Asphalt
Company of America on Thursday formally declared the
plan of reorganization operative. The securities deposited
exceed: 88 per cent of the $30,000,000 5 p. c. bonds of the
Asphalt Company of America; 76 per cent of the bonds, 88
per cent of the preferred stock and 83 per cent of the common stock of the National Company. The time for depositing securities is extended to and including Oct. 20.— V. 75, p.
613, 457.
—
National Lead Co.— Pending Consolidation. President
Cole say s
"Negotiations have been concluded by which
the National Lead Co. will acquire by purchase a large
number of kindred concerns. The American Smelting &
Refining Co. and other important financial interests will
be associated in the enlarged company. Details are now being formulated and will be announced when perfected."
It is supposed that the company will be capitalized at
about $60,000,000, and will take in the great majority
of the manufacturers of white lead, lead pipe, sheet lead and
:
Among them
&
the Union Lead
Oil Co (V. 74, p. 1146)
F. R>an, Daniel Guggenheim, H. H. Rogers, William C. Whitney and the Morton Trust Co. have been prominently identified in the negotiations.— V. 74, p. 425.
shot.
LXXV.
New England Gas & Coke Co.— New Securities.— See
Massachusetts Gas Companies above. V. 75, p. 552, 345.
New Haven Water Co. Improvements. —The company
has begun work on the filter plant to cost, it is said, about
$500,000.— V. 70, p. 948.
North Alaska Salmon Co.— New Stock.— The shareholders
will vote at the office in San Francisco on Nov. 28 on increasing the capital stock to $ 1,000,000; par value of shares, $100.
Pacific Packing* Navigation Co.— See "Salmon Pack"
below.— V. 75, p. 294.
Piel Brothers Starch Co., Indianapolis.— Incorporated.—
This company was incorporated in Indiana on or about Sept.
15 with $500,u00 capital stock by the Piel brothers, who recently sold their interest in the National Search Co. to the
Corn Products Co. A plant is to be built in Indianapolis for
the manufacture of starch and cereal by-products.
The
W. F. Piel Jr., Henry Piel, Charles F. Piel,
Edward Daniels and Albert Baker.
directors are
International Navigation Co. —See International Mercantile
[Vol.
—
E. J. Berwlnd,
O. A. Oriscom,
P.
—
Thomas
National Salt Co.— Receiver.— Chancellor Magic, at Elizabeth, N. J., on Sf-pt. 29, appointed Frank P. McDaruK.tt of
Jersey City and Nathan S. Beardslee of Warsaw, N. Y., receivers for the National Salt Co., on application made by
Chauncey H. Strickland of New York City. The Chancellor's
order was ba a ed on affidavits made by Mr. Strickland, Frank
P. Slade of Westfield, Chairman of the Executive Committee
of the Natioral Salt Co., and J D )bson Good, President of
the Good Audit Co. Mr. Good fiods:
Current obligations June 30. 1902, lnoluding those due within sixty
days, $1,150,136; quick assets. $85-*,4lN deflott, $e91,718. During
the six months ended June 30, 1902, the ompany lost on Its business
-ontraots with the Mlohigan Salt Co. and others require
$174,714.
the purchase of upward of 2,O0O,Ouo barrels a year at prices so mioh
over the market that the National company lost thereou more than
$255,00j In the haif-year. These contrauts run to March 1, 1904. The
company has on hand more than 1,000.000 barrels of salt for' which
no market can be found at reasonable rates. On aooount of the purchase of the stook of the United Salt Co. there are aisi outstanding
$685,564 certificates of Indebtedness, to set aside whloh litigation Is
pending.
This action is understood to be preparatory to winding up
the National Salt Co. and transferring its assets to the International Salt Co., which some months ago acquired a majority of the capital stock; and also it is understood recently purchased two lots of its security holdings, one of these tnrough
M. M. fielding Jr .— V. 75, p. 552, 397.
Pneumatic Trausit Co., Philadelphia. -Contract. — See
American Pneumatic Service Co. above V. 75, p. 294.
Salmon Pack.— Shortage.—The Seattle "Trade Register,"
commenting on the large decrease in the Salmon pack not-
—
withstanding that the Alaska pack exceeds thnt of last year,
gives the estimatedjpaok to date, roughly, in number of cases
as follows:
Alaska 2,400.000; Fraser River 282,630; gkeena River 180,000;
Rivers inlet 80.000; Naas and other B. O. 3.VOPO; Puget Sound—
sock^ye 318,800; ColumblaJRtver 275,000; total 3,571,430.
Estimating the sound fall pack at 140,000, the Washington coast
at 50,0 O, the Columbia River 'all at 125,000 and California at 11,000
cases, this would make a total 1902 paok of 3,897,43 J oases, or
1,127,108 oases less than the total IsOl pack.
—
Southwestern Coal & Improvement Co.— Bonds. See
& Oklahoma RR. under " Railroads " above. V. 74,
—
Texap
p. 1143.
Staunton (Va.) Lizht & Power Co.— Option.—J. Ssott
Funkhouser, Edgar M Funkhouser, and others, have contracted to purchase a controlling interest in this company,
which was formed by consolidation of the City Street Car
Co.. Augusta Electric Co. and City Gas Co.; authorized stock
and bonds, each $300,000.— V. 73, p. 1212.
Structural Iron & Steel Co.— Sold.— See Baltimore Bridge
above.—V. 73, p. 448.
Tabular Dispatch Co., New York.— Contract Secured.—
See American Pneumatic Service Co. above. The pneumatic
tubes in this city resumed the carrying of mail matter on
Oct. 1.— V. 74, p. 1095.
Union Natural Gas Corporation— New Acquisitions.—The
shareholders on Sept. 23 voted to increase the capital from
Co.
$6 000,000 to $8,' 00,000, to take over stock of equal cash
value held by T. N. Barnsdall in the Reserve Gas Co., a West
Virginia corporation, and the Connecting G^s Company, an
Ohio corporation. By acquiring the Barnsdall holdings the
Union Company comes into possession of about 50.000 acres
of excellent gas- producing territory in West Virginia, and a
half interest in a 16 inch pipe linefro-u the West Virginia
field to Sugar Grove, Fairfield County, O.— V. 75, p. 195.
United States Carbonate Co.
Co. above.— V. 74, p. 1258.
—Successor.— See Carbonate
United States Realty & Construction Co.— Alliance Realty
Co., managers of the
Co. Not to Be Incluile I.— Hallgarten
underwriting syndicate, on Monday announced as follows
the exclusion of the Alliance R-ialtyC"). from the combine:
The committee having in oharge the formation of the United States
Realty <fe 'onstructlon Co have conoluded to avail themselves of
thttlr privilege to abandon the absorption of the AUianoe Realty Co.,
and have so notified the stockholders, who can withdraw their deposited stook rrona the Centra Trust o. of New York. This will reduoe
the amount of preferred stock to be issued to $^7,500,000 and the com-
&
•
1
mon
stook to be Issued to $3d,5Oi>,0O0, leaving in the treasury *2,500,-
O O of the preferred stock and $2,500,000 of the common srook; also
the$l i, 000,000 cash capital paid In on Sept. 25, 1902, by the syndicate, and the oa«h turned over by the George A. Fuller Co. and the
New York Realty Corporation.
The Alliance Realty Co., whose outstanding capital stock
is $2,000,000, is said to have a little more than a h*lf interest
in the Broad Exchange Building at the southeast corner of
Broad Street aod Exchange Place, the George A. Fuller Co.
owning the remainder. Charles Francis Adams 2d and Henry
L Higginson, directors in the Alliance, were to have served
on the ooard of the United States Company. V. 75, p. 687,
—
506.
to SyndiCo. this week made a fourth distribution (V. 75, p. 318) of $10,000,000 to the members of the syndicate which underwrote the plan for organizing the company, making $40,000,000 thus far paid as profits. Only
$25 000 000 of the $200.000,OJO subscribed was paid in, and
this was returned last November (V. 73, p. 1167.)— V. 75, p.
United States Steel Corporation.— Distribution
cate.
—
J.
P.
Morgan
&
687, 621.
Virginia-Carolina Chemical Co.— Called Bonds —The Girard Trust Co. will pay at par on December 1 $91,000 bonds
Manufacturing O >., loan of
of The Charleston Mining
$250,000, secured by mortgage of 1894.— V. 75, p. 687, 496.
Virginia Iron, Coal & Coke Co.- Interest Payment. -The
receiveis have ( eposited with the Morton Tru-it Co, funds
for the payment of the coupons dated Sept. 1. 1901, being
one of the three coupons which per plan in V. 75, p. 348,
were to be funded. The face value of tb's coupon was accordingly paid by the Trust Company on Oct 1, the interest
thereon to Oct. 1, 1902, being left for future adjustment.—
V. 75, p. 506, 398.
&
:
October
.
THE CHRONICLE.
i, 1902. J
737
Imports and ^otxxmtnts.
NEW YORK CENTRAL & HUDSON RIVER RAILROAD COMPANY.
THIRTY-THIRD ANNUAL REPORT— FOR THE YEAR ENDED JUNE
To the Stockholders of The New York Central & Huison River
Railroad Company
The Board of Directors herewith submits its report for the
year ended June 30, 1902, with statements showing the results for the year and the financial condition of the company.
The report covers the operations of the system east of
Buffalo, a total of 3,31955 miles, as follows
:
Miles.
810-25
2,374-13
Lined owned
* Lines
leased
27 54
107 03
Lines operated under contract
Liues operated under trackage rights
3,319-55
Pittsburg Railroad is also leased
•The Duukirk Allegheny Valley
by this company, but its mileago and operations are not included in
this report. Separate accounts are kept aud an independent report
Total road operated
&
prepared in
its behalf.
At its meeting on January 15, 1902, the Board of Directors
voted to increase the capital stock of the company from
$115,000,000 to 150,000,000, to provide $3^.000,000 additional
capital for such corporate purposes as tne Board may determine. This action was ratified at a special meeting of the
stockholders, held on April 16, 1902. Of the additional capital stock so authorized, the stockholdf-rs of the company
were given the privilege of subscribing for an amount equal
to 15 per cent of their holdings, or 172,500 shares, at $125 per
share, the new issue to participate in the dividend payable
out of the earnings of the June, 1902, quarter of the fiscal
year. The stockholders availed themselves of this privilege
to the extent of 169,129 shares, and paid into the treasury
$21,141,125. of wbich §16.912,900 was for the par value of
the stock and was the amount carried to the credit of Capital Stock account, and $4,228,225 was the premium of $25
per share, above par. which was carried to the credit of
and Los*.
The capital sto^k outstanding on June
Profit
912.900, leaving
issued.
30, 1902,
was
$131,-
a balance of $18,087,100 authorized but not
For the purpose of avoiding the heavier grade and longer
haul for coal traffic from the Spangler district via Patton,
an extension of the Pittsburg & Eastern Railroad (a line
owned jointly by this company and the Pennsylvanis Railroad Company) has been authorized to be built from Burnside to Cherry Tree, a distance of nine miles, at an approxi-
mate
at the close of the year was
has been increased $5,4i 5 44 "ince the
last report by the issu-s of that amount of 3}{ per cent gold
mortgage bonds as premium in retirement of old secu itie
bearing higher rates of interest.
It
&
A new lease of the Mohawk Malone Railway was authorized at a special meeting of the stockholders of the New
York Central & Hudson River Railroad Company held on
April 16, 1902, as a substitute for the lease dated April 20,
1893.
The new lease provides for the issue by the lessor
company of $10,000,000 Consolidated mortgage 3% per cent
bonds, of which $2,500,000 are to be reserved to acquire a
like amount of its First mortgage 5 per cent bonds, being
the total amount of that issue outstanding; $3,900,000 have
been substituted for a like amount of its Income bonds,
being the total amount of that issue outstanding; and
$3,600,000 are to be issued at the request of the lessee, in
accordance with the terms of the mortgage. Under the
terms of the new lease the New York Central & Hudson
River Railroad Company will pay as a rental for the property, interest on the bonds, organization expenses, and a
dividend at the rate of 4 per cent per annum on the stock
outstanding.
The Board of Directors authorized the purchase of 30,000
shares of the capital stock of the American Express Company
at $150 a share. There have also been purchas d 5,0,0 shares
of the capital stock of the Mohawk
Mdlone Railway Company at par, the shares so purchased being an increase of the
capital stock of that companv from $4,500,000 to $5 000,000,
as authorized by its stockholders. The $500,000 cash so realized is to be used by the Mohawk & Malone Railway Company for the purchase of additional equipment, to meet the
requirements of the growth of the business on that line.
On April 1, 1902, $3,858,000 of the 5 per cent bonds of the
Boston & Albany Railroad Company matured, and a like
amount of 3^ per cent refun ling bonds, guaranteed by the
New York Central & Hudson River Ra lroad Company as to
principal and interest, were issued in their stead. This will
&
an annual aving in interest of $57,870.
The balance of the Sinking Fund for the purchase and rere
P^ nt of the 4 per cent Gold debentures of 1890 on June
30, 1902, was $1,807,6 16 93
There was purchased during the
last year for account oi this fund $362,000 of
314 per cent
Lake bhore collateral bonds.
The Beech Creek Extension Railroid, which was under
construction during the year, has been completed, and the
entire road, 58-6 mdes, will be open for operation from Julv
effect
™
This line was leased to the New York Central &
1, 1902.
Hudson River Railroad Company under date of May 11, 1901,
and, with trackage rights over the Philadelphia & Erie Railroad between Keating and McElhattan, will furnish an additional low-grade outlet, via Karthaus, Keating aud Young
dale, for coal shipments from the Clearfield district, and will
relieve a section of the Beech Creek Railroad heretofore
suffering from a congestion of traffic.
cost of $300,000.
SUMMARY OF FINANCIAL OPERATIONS AFFECTING INCOME.
1901-1902.
3,319-55 miles
operated.
Earnings from
operation.
$
From freight traffic
From passenger traffic
From express traffic
40,659,778
23,807,035
1.867,235
Fromtrausporta'nof mails 2.378,304
2,004,804
From rentals..
From miscellan'us sources ltj 6,669
85
V5
18
93
25
65
70,903,868 11
Totals
1900-1901.
3,223-21 miles
operated.
1,109,380
2,940,728
J. If 2,620
I. 332.305
I. 139,615
D. 103,890
I.
J.
1,865,18^73
290,549 85
66,333,110 76
/.
4,570,757
(64-20%)
7,818,966 18
781,066
I.
7,832,938 75
1,438,025
I.
l,78o,494 17
25,377,9-2 35
1,558,338 52
1,828,027
J. 228,156
46,863,489 13
42,588,215 80
7.4,275,273
For general expenses
Totals;
$
$
9,550,399 00
20,806,356 90
1,714.615 09
2,046,000 19
I.
27,205,999 22
tation
Increase or
Decrease.
?
Expenses of opera(66-09%)
tionFor maintenance of way
8,600,032 06
and structures
For maintenance of equip9,270,963 68
ment
For conducting transpor-
from
earnings
24,040,378 98 23,744,894 96
operation
To which aitd—
Dividend on Lake Shore &
3,170,244 00
Mich.South. stock owned 3,170,244 00
Dividendon Michigan Cen-
Net
tral stock o wne
295,484
I.
672,572 00
663,824 67
other securities
Interest on loans, notes
894,614 50
584,284 02
and sundry bills
Pro tits from sundry accts.
75.996 88
62,596 00
84,602 09
27,248 90
4,876,023 38
4,530,193 68
/.
345,730
28,916,402 36 28,275,188 64
Gross Income
Deduct—
7,624,934 16
Interest on funded debt... 7,688 333 14
9,204. MS 53
9,174,239 00
Rentals of leased lines
Taxes on real estate
2,595,727 78
2,33^,094 02
748,28* 85
8b9,736 44
Tax on capital stock
1,899 40
Tax on bonded debt
1,903 36
103,046 89
Tax on gross earnings. ...
108 448 02
I.
641,214
1
I.
8,747
Dividends and interest on
The funded debt outstanding
$193,778.355 98.
80, 1902.
.
Totals
United States internal revenue tax
Interest on loans, notes
and bills payable
310,330
I.
D. 8,695
35,347
I.
63,399
D. 30,380
256,634
I. 121,352
/. 4
I. 5,401
I.
I.
68.647 98
68,514 04
92.648 81
142,613 56
20,599,684 53
20,233,005 45
I.
366,679
8,316,717 83
8,042,183 19
J.
274.535
300,00000
300,000 000
Balance available
fordividend
8,016,717 83
7,742,183 19
/.
274,535
5,961 411 25
5,750,000 00
J.
211,411
2,055,306 58
1,992,183 19
Totals
Net income
Deduet,
—
Reserve for redemption of
4%Gold debentures of
1890
Cash dividends,
Surplus
From
the surplus for the year
there should be further deducted—
Special improvement fund toward defraying cost of
extensive betterments (see next page)
To which add—
Premiums on additional
D. 49,965
I.
63,123
$2,055,308 5 •
1,750 000 00
$305,306 58
4,228,225 00
capital stock sold.
$4,533,531 58
From which deduct—
Payments incident to refunding bonded
debt
$8,30944
Payments incident
to issuing additional
capital stock
33,336
Sundry uncollectible charges and reduction in value of securities re'd to $1
427,212
lo'JLht
134
four, ag-
gregating 5 per cent
Amount
/.
credit of Profit
and
Balance, June 30, 1902
00
47
Loss, "June 30, 1901
468,857 91
$4,064,673 67
ll,769i993 38
£15.834,667 04
The gross earnings for the year were $70,903,868 11, an increase of $4,570,757 35 over the preceding year.
Passenger traffic contributed $4,940,7^8 35 of this increase,
due to the substantial improvement in general travel and to
the Pan-American Exposition at Buffalo. Notwithstanding
the smaller tonnage of grain and anthracite coal carried
during the year, freight earnings show an increase of $1,109,379 85, due to a heavier movement of high class commodities.
The year's expenses. $46,863,489 13, were 6-^09 per cent of
the gross earnings. The increase of $4 275.273 33 over last
year is due to the higher rates of wages, greater cost of
material, large expenditures for additions and improvements
to the property, and to the added expense incident to the
heavier volume of passenger business.
THE CHRONICLE.
738
The net earnings from operation were $24,040,378 98, an
increa>e of $295,484 02 compared with tbe preceding yea..
Other income, $4,876,023 38, shows an increase of $345,729 70, due to revenue from additional securities purchased
during the year.
First charges, $20,599,684 53, increased $366,679 0*. mainly
owing to heavier charges for taxes upon real estate and
capital stock, and interest on 3}£ per cent gold mortgage
bonds, issued for construction and purposes other than
refunding in the latter part of the fiscal year 1900-1901.
The profit from operation for the year was $8,016,717 83,
and the surplus remaining after the payment of 5 per cent
in dividends was $2,055,306 58. From this surplus the sum
of $1,750,00' has been set aside as a special fund for betterments to the property in accordance with a resolution of
the Board of Directors under date of June 24, 1902. The
balance, $305,306 58, has been carried to the credit of income
account.
There was expended for additions to and replacements
of equipment and improvements to roadway and
structures and charged to operating expenses the
$2,100,804 75
sum of
In addition to the above amount included in operating
expenses there was expended for the renewal and
streng heningof bridges and for improvements to
roadway, nut of the special funds set aside for the
purpose, the sum of
1,836,835 46
There was also expended for additions to tbe property
an.i charged to cost of ro»d and equipment, as detailed on pages 20 and 21 of pamphlet, the sum of...
4,714,257 17
And for new construction, equipment and improvements on leased lines, to be charged against the
funds provided by lessor companies, the sum of
4,310,604 84
"
"
"
"
"
1801
"
"
1902
De
in
June 30, 1901
1902
'
*
Witt.
the fiscal year, the
sum
of $77,025 98.
Lyons.
connection to be built here between the {Pennsylvania Division
and the West Shore Railroad will establish a through route for coal
traffic to the De Witt Yard Terminal.
East Rochester.
An enlargement to the yard at this
point, an extension to the roundhouse, new ooali g plant, and new ash-pita are nearly completed. During the year $110,928 85 were expended.
Rochester and Niagara Falls Line.
Double-tracking, extension of side tracks, and other improvements
on this section of the road are under way.
Elimination op Grade Crossings, Buffalo.
Expenditures during the year upon this work were $92,588 04.
West Shore Railroad.
Upon the Weehawken Terminal improvements $915,962 74 were
expended during the year. Three new piers and one-quarter of a mile
of bulkheads have been completed and the foundation of a new
2,000,000-bushel elevator has been laid. At Fort Montgomery a
change in the line will be made and a tunnel built, which will obviate
the necessity of enewing a bridge at that point, and snorten the road.
I'he outlay f ir the fiscal year was $5,175 49.
Yard improvements at
Ravena were completed, and S55.997 59 charged to that account for
the iiscal period. At Buffalo $48,957 24 were expended in the year
i
30, 1902:
for dock improvements.
1,500,000 00
1,750,000 00
Pennsylvania Division.
For double-track, additional sidings, and grade revisions on this division $43,542 22 wt re expended in the year. At Oak Grove, Pa., a
new distributing yard, roundhouse, coaling plant, and repair shops
are in progress of construction, and $4*9,043 46 have been expended
at this place in the year just ended. For a new yard and roundhouse
at OlearnVld $71,394 96 were charged in the year and t66,373 26 lor
an extension of the present yard at Newberry Junction.
Boston & Albany Railroad.
At East Boston there has been acquired additional dock property,
and the work of improving this terminal has progressed rapidly. Total outlay during the year $-08,448 50.
Rolling Stuck.
In addition to the charges for equipment included in operating ex»
penses during the year, th*- re has been expended for 67 lncouiotives41 passenger cars, 50 produce cars, 3 cranes, 7 snow-plows, etc., as
shown on page 21 of pamphlet report, the sum of $1,500,000.
The following important clranges in officials occurred during the year:
On February 4, 1902, Mr. William C. Brown was appointed
Third Vice-President, with general supervision ut the transportaton, engineeiing, mechanical and purchasing depart-
$1,678,291 12
l.t 36,835 46
Balance available June 30, 1902
$1,731,873 42
the important improvements under way during
the year, or contemplated in the near future, are the following:
Passenger Terminals in New York.
There are under consideration extensive and radical changes invol-
Among
ving a large expenditure in connection with the passenger terminal
facilities in the City of New York. Tbe details, however, are not yet
sufficiently perfected to particularize in this report as to the scope
and extent of the work.
Harlem Division.
The double-traeking of this division from White Plains to Mount
Kisco and yard improvements and new buildings at White Plainn have
been completed. The year's expenditures on this work were $205,11.
New piers,
bulkheads, and an extension of the freight yard at Port
Morris, involved an outlay for the ye»r of $27,128 72.
ments.
Mr. Alfred H. Smith was appointed General Superintendent on February 12, 1902, to succeed Mr. Phlip 8. Blodgett,
resigned to accept the position of General Manager of the
Lake Shore & Michigan Southern Railway.
For the Board of Directors,
CHAUNCEY M. DEPEW, Chairman.
WILLIAM H. NEWMAN, President.
Peekskill
For strengthening the roadbed and improving the alignment, the
locat on of the track * near this place has b^en cbanged for about onehalf mile, involving the construction of a double-track tunnel 280 feet
in length.
new
A
3,515,126 58
807
station,
grade crossings.
$5,250,000 00
"
additional yards.
Syracuse.
For the new coaling plant, freight house and freight yard in this
city there was expended during the year the amount of $133,432 64.
A connection bttween the New York Central and the West Shore
tracts near the Solvay Works will cause the elimination of sixteen
Expenditures:
Fiscal year to
new freight house, and
The enlargement of the yard and additional engine-house facilities
are under way. There has been spent for improvements at this point,
Appropriated from Surplus Earnings:
Fiscal ytar to June 30, 1900
$2,000,000 00
"
station,
Oneida.
Work has just been commenced on a new passenger
freigho station, yard changes, etc., at this point.
in the year for renewals and improvements of
$12,962,502 22
The following statement shows the condition of the spec-
"
new
a
Making a total outlay
improvement fund account on June
LXXV.
Utica Improvement.
Expenditures at this point for a new engine house, shops, etc., for
the fiscal year were *85,596 04 A further outlay is contemplated for
i
ial
[Vol.
Expenditures for the year just ended, $23,879 b2.
East Albany,
Improvements at this point embrace a new thirty-stall roundhouse
with annex for light repairs, new ash-pit, and truck changes, and the
reclamation of land by the filling in of Rensselaer Creek for a
coach yard, and to abolish several bridges.
new
CAPITALIZATION— CAPITAL STOCK.
Albany.
During the year $171,713 44 were expended in connection with the
station improvements in this city. For tilling the Albany Basin for
a new freight yard the outlay for the fiscal year was $25,731 65.
West Albany Improvement.
During the year, the new engine houses, ash-pits, coaling trestles,
storage and electric plants were completed. A new paint shop and
new erecting shop are under construction and extensive yard changes
are under way. Expenditures at this point for the fiscal year were
Number of
shares issued
Consolidation certificates not yet converted
1,319,080
49
number of shares outstanding
Number of shares authorized
1319,129
Total
1,500.000
Par value per share
Total par value issued and outstanding
$100 00
$131,908,000 00
4,900 00
Consolidation certificates outstanaing
$391,446 75.
Total par value outstanding
Total par value authorized
Dividend for the year, 5 per cent.
Amount of capital stock per mile of road
(8i0 25 miles)
Schenectady Detour.
To avoid the heavy grade between Schenectady and Carmen, a detour tra k via Hoffmans and South Schenectady, for heavy freight and
passenger trains is under construction.
$131 912 900 00
$150,000,000 00
owned
$162,805 18
FUNDED DEBT.
Class of Bond.
First
Date of
Date of
Issue.
Maturity.
Mortgage
mortgage, sterling
Debentures
Debentures of 1889
Gold debentures of 1^-90
* t Extended debt certificates
Gold inorgage
Gold b<>ndB. Lake Shore collateral
Gold bonds, Michigan Central collateral.
Debenture bonds of 1900
Flrt-t
Total
amount
of
,
1873
1873
1884
Jan.
Jan.
>8<«
Sept.
1890
1853
18*7
18-8
1898
1900
June
funded debt
Sept
May
July
Feb.
1903
191M
1. 1904
1904
1
1. 1-05
1905
1, lw^7
1,1998
1.
1,
.
i
,
Feb 1.199S
July 1, 2000
A mount, of
Autho' iztd
Amount Issued
a»d now
Hale
of
issue.
Outstanding.
Interest
First
00
66
00
00
00
00
7
6
6
5
4
4
Jan.
Jan.
32
313
3i2
313
313
Jan.
Feb.
Feb.
Jan.
$30,0(0000
42.000,000
$l»,OoO,000
1,000,000
15.000.0'
6,450,000
100,000,000
100,000,000
21,5V>,000
5,500,000
$18,327,000
5.727,094
4,5 26,000
649,000
5.097.000
3.610.50O
40,42H,916
90.578,400
19.336,445
5,500,000
00
00
00
I\iyable
on the
Days of
Mar.
Mar.
& July
&
&
July
Sept
& Sept
June & Dec.
May & Nov.
<te
&
A
&
July
Aug.
Aug.
July
$193,778,355 98
Amount per mile of road owned (810*25 miles), excluding Lake Shore & Michigan Central collateral bonds and
debentures of 1900, $96,715 22.
* l»sued by the New York Central RR. Co.; all of the others listed above were Issued by the New York Central & Hudson River RR. Co.
t Ori inal rate of interest, 6 per cent; extended
at 4 per cent.
May
1,
1883, for ten years at 5 per cent; further extended
May
1,
1893, for twelve year*
October
4,
THE CHRONTCLE.
190S.]
739
SUMMARY OF FIRST CHARGES.
Interest on Funded Debt
Rentals of Leased Lines
DIVIDENDS.
$7,68^,333
9.174,239
3,644,463
92.648
$20,599,684
Taxes
INTEBE8T ON LOANS, NOTES AND BILLS PAYABLE
Total First Charges
14
00
58
*•!
15,
Jan. 15,
Apr. 15,
July 15,
Oct.
53
1901,l 14'?oonl,150,0008hare80f oapitalstook, $1,437.50000
"
"
"
"
1.437,5u0 00
1902, 1»4%" 1,150.000
"
"
"
"
1,37.500 00
1902, 1V% " 1,150.000
1.640.91
1,319,129
1902, \M%"
125
5%
Total
$5,961,41125
CONDENSED GENERAL BALANCE SHEET.
June 30, 1901.
June
ASSETS.
30, 1902.
Road and Equipment.
Cost of road
Real estate
Changes of grade crossings, Buffalo (Incomplete)
$117,781,232 50
19,161 476 7t
2,009.428 96
788,71136
$42,000,599 37
2,706,461 31
Leased lines c instruction
Cost of equipment
$119,266,151
19,43 ,« 13
2.102,017
2,457,854
$43,497.2P8 80
2,406,464 31
..
Special equipment..
45,903,733 11
44,707,063 6P
$189,162,170 43
$184,447,913 26
$90,570,400
19,3 6,445
1,638.454
150,00
156.912
802,875
483,000
100,000
Proprietary Interest in other Lines Through Ownership of Stock
Lake Sh re & Michigan Southern Railway
00
00
79
00
Pittsburg
&
Eastern Railroad.
Dunkirk Allegheny Valley & Pittsburg Railroad
Syracuse <4eneva & Corning Railway
Carthage Watertown & Saokets Harbor Railroad
3-
New Jersey Junction Railroad
New York New Haven & Hartford Railroad
Sundry other railroads
00
00
79
00
38
00
00
00
00
60
$115,136,029 77
1114,724,029 77
Ownership of other Property.
Real estate, etc, not used in the operation of the road
Hudson River Bridges at Albany
26
36
52
Bonds
00
Stock in other than railroad companies
$13,269,216 14
$3,001,069 11
2,256,363 36
3,344,695 24
of sundry railroad companies
8,57 4,3«
-
23
62
81
66
02
25
<
(
Morrisania improvements and other construction (in exoess of reim
bursement by lessor)
Elevation of track* and new bridge over Harlem River
Grand Central station enlargement
Grand Central Terminal improvements
Dunkirk Allegheny Valley
& Pittsburg
00
$17,256,427 71
Advances for Lessor and other Companies.
New York & Harlem Railroad.
$1,296,765 89
3.129,504 85
1,348,793 49
$5,774,764
173,474
207,675
154,163
63,3*0
296,895
$90,578,400
19,336.445
1,«3*,454
150,000
1*6,912
802,875
483.N00
100,000
1,050.000
839,142
Michigan Central Railr' ad
Chesapeake & Ohio Railway
00
oO
00
1,050,< 00 00
427,142 60
$3,460,726
1,»05,878
3,811.411
4,091,200
59
75
00
98
$1,296,765
3.139,420
1,350,449
44,280
89
23
94
68
$5,830.916 74
205,827 73
Railroad.
West Shore Railroad
Beeoh
reek Railroad
«
729,780
v 9,699
293.669
980,3*6
1,176,629
Rome Watertown & Ogdensburg Railroad
New York * Putnam Railroad..
Boston «fe Albany Railroad.
Other companies
700,662 54
85
00
95
31
88
$9,306,910 46
$7,371,026 13
Current Assets.
$5,721,902
3,597,053
5,034.216
4.083,306
12
Ca«h charged Treasurer
40
19
Traffic balances receivable
Sundry colleotible accounts
99
Fuel and supplies on hand...
$14,736," 67 65
4.153,162 73
6,472, 12 78
4,616.192 91
$30,008,836 07
$18,435,778 66
$1,506,905 68
Sinking FinND for the Redemption of Gold Debentures of 1890.
$3,039,713 00
Securities Acquired
from Lessor Companies
$1,807,636 93
$3,039,713 00
(per contra)
$365,717,724 37
$342,794,582 64
Jane
LIABILITIES.
30, 1901.
June
3<>,
1902.
Capitalization.
$114,995,100
4,900
Sock
Capital
$131,908,000 00
4,900 00
Consolidation certificates
$115,000,000 00
$131,912,900 00
Fund d
$18,330,000
5,775.761
4,528,000
619,000
5, 51.000
3,662.50
40,161,834
90,578,400
19,3d«,l45
5,500,000
i
$193,772,940 54
157.000 00
$308,929,940 54
$25,402
915,120
89,412
59,349
2,635,163
44
93
36
37
17
Debt.
mortgage bonds
mortgage sterling bonds
Debenture certificates ot 1884
Debenture certificates of 1889
Debenture certificates of 1890
Extended debt certificates
3ig per cent gold mortgage bonds
Gold bonds, Luke Shore collateral. ...
Gold onds, Michigan Central collateral.
Debentures of 1900
First
F rst
,
.
1
Bonds and Mortgages
1
'ay able
Total capitalization
48
20
<>0
00
89
95
$193,778,355 98
157,000 00
$325,848,255 98
Accounts with Lessor Companies.
Carthage t Adiroi dack Railway
Fall Brook Railway
Svraouse Geneva & Corning Railway.
Wallkill Valley Railroad
Beech Creek Extension Railroad
Boston & Albany Railroad
West Shore Railroad
$3,724,448 33
$3,946.P71
1,582,633
5,885,112
1,437.500
76,*53
579,907
$18,327,000 00
5,727,094 66
4,526,000 00
649,000 00
5,097,000 00
3.610,500 00
40,426 916 32
90,578.400 00
19 336.445 00
5,500,000 00
$25,512
925.365
50,935
59.349
274 382
1,671,056
243,«82
16
97
96
37
26
67
27
$3,250,284 66
Current Liabilities.
Wages and supplies
Trattic balances
payable
Interest and rentals accrued
Dividend payable July '5th.
Dividends and interest unclaimed.
Sundry accounts payable
$13,508,778 52
20
52
86
25
78,^3=; 66
1,278,892 78
$5,061,916
2.O89.065
5.852.608
1,648.911
$16,009,930 27
$1,821,708 88
Special Improvement Fund
$1,734,873 42
$3,039,713 00
Securities held in Trust for Lessor Companies (per contra).
$3,039,713 00
$11,769,993 37
$342,794,582 64
Profit and Loss
$15,834.667 04
$365,717,724 37
:
:
THE CHRONICLE.
740
TBAFFrC STATISTICS.
EQUIPMENT.
Owned and Leased.
Freight Carried and Ton Mileage.
1901-1902.
Tons
of
freight
number
Total
1900-1601.
Locomotives.
1901-1902.
Inc. or Dec.
earning
revenue
Tons of company's freight
35,599,689
5,093,790
36.430.S26
4,873,973
D. 831,137
40.693,479
*41,304,~99
D. 611,320
7.219,917
Tons carried one mi'e
6,407,594,086 6,606,890,325 D. 199,296,239
Tons of company's freight
car iied one mile
843,874,680
766,358.519
7.77,516,161
number of tons carried one mile
...7,251,468,766 7,373,248,844 D. 121,780,078
Total
Passengers Carried and Ticket Mileage.
Through passengers
494,090
31,423,031
10,967,037
10,55,718
7.45,115
7.1,813,368
7.911,319
*40,114,356
Total No. passengers car'd
42,884.158
Passengers car'd one mile. 1,360,212,117 1,145,721,536
2,769,802
214,490,581
Way
pipseogers.
Commutation passengers.
.
448,975
29,609,663
7.
7.
1900-1901.
531
928
255
15
506
845
229
22
1,729
1,602
Average mileage per engine
37.380 miles
Cost of repairs per engine mile.
cts. 5584
Cost of fuel per ton
$156
Cosi of fuel per engine mile
cts. 7'171
Oars in Passenger Service.
Passenger coaches
967
Smoking cars
163
Combination cars
178
Immigrant and excursion cars ...
123
Diniugcars
2L
Parlor and sleeping cars
11
Mail, express and baggage cars..
449
officers' and pay cars
15
Other cars in passenger service ..
177
37,673 mllM
5-198
$1-43
cts. 7*207
cts.
951
175
178
143
21
11
425
15
139
2.104
2,058
Average mileage per pass.
Earnings from transporta.
$40,227,210
$39,274,340
Earnings from miscellaneous sources
432,569
276,059
.
Total locomotives in service..
Totals
As to Freight Results.
tion
For passenger service
For frelsht service
For switching service
Dummy engines, etc
of tons car-
ried
Total freight earnings.
Earnings per ton per mile.
Earnings per ti aiu mile .
Earnings per mile of road
operated in freight service— trackage included..
$40,659,779
cts.
0-63
cts.
7.156,510
$1,109,380
7. cts.
03
7. $0 08
7.
060
$2 09
$12,307 98
$11,805 14
1,939,620
1,972,047
$952,869
7.
$39,550,399
$2 17
7.
$502 84
Denstiy of revenue freight
(i. e. tons carried
1 mile per mile of road).
Average nuuiberof tons of
revenue earning rreight
carried per train n ile ...
Average number of tons of
freight (including
all
company's) carried per
Average number of miles
one ton can led
D. 32,427
342
351
7).
387
392
D. 5
180
181
7).
9
1
As to Passenger Results.
Earnings from passengers.
Earnings from excess baggage
Earnings from miscellaneous sources
$23,432,093
$20,477,523
196,813
191,178
7.5,635
178,179
197,655
D. 19,476
Total passenger earns.
Earnings per passenger
per mile
t Earnings per train mile
t Earnin^sper mile of road
operated in passenger
service -trackage incl'd.
$23,807,085
$20,866,356
cts. 1 -75
cts. 1-82
$1 22
$1 20
.
$2,954,570
7.
7.
$2,940,728
D.
cts.
7.
007
$0 02
$8,904
$7,646
7.
$1,258
equipment
431,748
355,726
7.76,022
59
56
7.3
32
28
7.4
In compiling tonnage totals for the entire system by consolidating
division results, no consideration has heretofore been given to the
duplications arising Ir
the same shipments of freight passing over
more tbau one division Totals for 1901-1902. published in this report, have duplications deducted, and those for 1900-1901 have been
revited on the same basis.
t Including mail and express earnings.
*
m
ots.
1802
37,124
4,499
258
1,423
17.V01
100
661
61,855
61,966
1,695,940 tons
1,663,858 ton*
27*75 tons
10,293*21 miles
27*14 tons
10,597*17 miles
Aver, mileage of freight equip.
Cost of repairs per freight car
mile
cts. 0*416
Oars in Company's Service.
Ballastoars
555
Derrick cars
45
Steam wrecking cranes
15
Other road cars
;....
789
Cinder, push, gas and oil transportoars
401
Totals
cts.
0*309
612
46
16
545
305
1,524
1,805
Marine Department.
Tugs
Wood
4
14
3
16
Steel
Freight propellers
Wood
4
4
2
9
Steam hoisting barges
Aggregate lifting capacity
Can ying capacity
Hand
Average number of passengers per train mile...
Average number of miles
one passenger carried...
Total capacity of freieht equip.
Average capacity of freight
43,741-23 milei
741
Caboose cars
Steel
Density of passenger trafic (i. e. passengers carried one mile per mile of
road)
43,067-57 miles
car..
Cost of repairs per pas. car mile
cts. 1-647
Oars in Freight Service.
Boxcars
37,362
Flat cars— common
4,241
—steel
258
Stockcars
1,300
Coal and coke cars
17,773
Refrigerator and produce oars ...
180
Totals
traffic
trainmiie
LXXV.
[Vol.
245 tons
245 tons
3,500
3,500
•'
23
hoisting barges
Carrying capacity
Covered barges
Capacity
Grain boats
Capacity
Car floats
Capacity
Ferryboats
5,600
"
16,600
"
15,800
"
1
9
"
19
3,600 "
71
66
17,000 "
30
30
15,800
"
35
34
386 care
378 cats
Side wheel, single deck
6
6
Screw, double deck
1
1
194
194
$1,610,62177
$1,570,745 77
Total floating equipment
Total value of fleet
THE HOCKING VALLEY RAILWAY COMPANY.
THIRD ANNUAL REPORT—FOR THE YEAR ENDING JUNE
To the Stockhc } ders
For the purchase of
The
results of the operation of your property for the year
ending June 30th, 1902, were as follows,
Gross Earnings
$5,316,522 88
Operating Expenses and Taxes
3,229,331 39
Net Earnings
Interest charges, less income from Subsidiary
ies
and from
$2,087,191 49
484,818 87
Net Earnings increased
$219,219 19
Dividends were declared on the Capital Stock as follows:
2% on $1 4,000,000 preferred stock, payable Jan. 18, 1902. $2fi0,000 00
" .. 156.324 37
1*2% on $10,421,625 common stock, "
2% on $14,000,000 preferred stock, "
July 19, " .. -jso.ooOOO
"
.
•'
on $10,421,600 common stock, "
Total Dividends
"
..
156,324
Oi)
$872,648 37
Deducting these dividends, the Profit and Loss Account
shows a credit balance of $2,306,562 91.
Operating Expenses were charged through the Renewal
Reserve Fund with the following extraordinary expenditures, viz:
1902.
new Equipment:
$122,801 77
5^,349 90
57,825 00
10 freight engines.
5 switching engines.
75 steel side dump cars
And for rebuilding 439
$232,976 67
67,948 43
freight cars
Compan-
Securities
Net Income
$1,602,372 62
Ratio of Operating Expenees and Taxes to Gross Earnings
60-74%
As compared with the previous year:
Gro.-s Earnings increased
$663,264 73
Operating Expenses inoreased
444,045 54
1 J 2%
30,
$300,925 10
Total
3,072 tons of new steel rails weighing 80 lbs. per yard were
laid on the Toledo and Hocbing divisions, and 1,050 tons of
new steel rails weighing 67 lbs. per yard were laid on the
Ohio River Division and on the Hocking Division south of
Nelsonville, making the total rail renewal for the year 4,122
tons.
For the items of other considerable renewals and improveof the equipment, tracks and structures, which were
charged to Operating Expenses, reference is made to the
ments
accompanying this report.
The following expenditures were incurred
tables
for Capital Ac-
count, viz
Purchase of additional equipment—
$2,914,941 04
4,520 gondola coal cars
Less 2,500 oars sold Kan. A Mich. Ry. Co .. 1,375,000 00
2,020 gondola coal cars
$1,539,941 04
.
October
4,
THE CHRONICLE.
1902.]
Additions and Improvements:
Yards at Walbridge, Columbus and Nelsonville
Repair Shops and Machinery.
Station Buildings
Additional sidings, including tracks to coal
mines and industrial worts,
change and connection tracks
Interlopers
INCOME ACCOUNT-YEAR ENDING JUNE
MailEarntngs
Express Earnings
Miscellaneous Earnings
1,902,137 12
726,001 45
40,6f>6 61
37.342 44
219,088 94
Gross Earnings.
Maintenance of Way and Structures
Maintenance of Equipment
Conducting Transportation
General Expenses
$5,316,522 88
$568,155 42
860.267 52
1 ,532,576 44
124,622 54
18,373 23
J5'2?o
12
1 ?'2^?
5?
1.214 61
A659 8b
998,659 25
•
$1,638,600 29
Aggregate
In accordance with the provisions of the mortgage, $1,000.000 00 First Consolidated i% per cent Mortgage Bonds
were sold, the proceeds to be used and applied for the acquisition and construction of newpropery.and for betterments
and improvements, including rolling stock, and also to reimburse the Compinyfor expenditures made for redemption
and retirement of Car Trust bonds and the purchase of underlying securities. At the close of the fiscal year there renvimed in your Company's treasury $412,583 60 unexpended
balance of the proceeds of these bonds.
Of the 6 per cent Car Trust bonds, $200,000 were retired in
accordance with the sinking fund provision; the expenditure being covered by the issue and sale of your Company's
First Consolidated Mortgage 4% V ev cent bonds, as above
stilted
of May 1, 1902, $1,600,000 of 4^ per cent Car
Trust Bonds, series 1902, were issued to provide for the purchase of 3,' 20 new coal cars, principal and interest payable
in semi-annual instilments covering a period of ten years.
For the 2,500 coal cars sold to the Kanawha & Michigan
Railway Company, this Company received Equipment Notes
dated May 1, 1902, to the amount of $1,375,000, bearing 5
per cent interest and payable in semi-annual instalments
covering a period of ten years, secured by the usual form of
Car Trust Lease.
Car Trust Obligations (principal) were increased by the
amount of notes issued to the Pullman Company July 15,
Under date
1901, covering.
1,500 coal cars
Less Qar Trust Notes (principal) retired during year
$727,620 00
416,19!! 39
$311,421 61
Net increase
With this report are submitted the Balance Sheet and Income Account verified by Messrs. Patterson, Teele & Dennis!
also the usual statistics and other information.
By order of the Board of Directors,
N. MONSARRAT, President.
Assets—
Road and Property
Rdlmg Equipment
$3,085,621 92
Total Operating Expenses
Taxes...
143709 47
Total Operating Expenses and Taxes
3,229,331 39
Net Earnings from Operation
Income from Securities Owned
Net Income -Subsidiary Companies
Net Income— Toledo Dock
$2,087,191 49
$269,043 26
181,387 78
54,117 91
504,548 95
Total Other Income.
$2,591,740 44
$839,539 20
45.314 69
Total Available Income
Interest on FundedDebt
Interest on Unfunded Debt
Lease Rentals
Net Deficit— Subsidiary Companies
24,564 <)4
79,949 89
Total Deductions from Income.
989,367 82
$1,602,372 62
Net Income
Percentage of Operating Expenses and
Taxes to Gross Earnings
6074%
Louis P. Ecker, Auditor.
PROFIT AND LOSS ACCOUNT-YEAR ENDING JUNE
1001.
June 30, By Balance
$1,579,646 62
1902.
June 30, By Net Income for twelve months
ended this date
1,602,372 62
$3,182,019 24
Debits.—
190*
June 30, To Dividends on Preferred Stock,
No. 5—2 percent
No. 6-2 percent
June 30, To Dividends on Common Stock,
$280,000 00
280,000 00
No .2— li<2 per cent
No. 3—1 hi per cent
June
30,
15 ',324 37
156,324 00
Sundry Profit and Loss items
2.807 96
2.306,562 91
(net)
JuneoO, To Balance
$3,182,019 24
Louis P. Ecker, Auditor.
30, 1902.
Liabilities—
$24,588,951
7,393,198
Securities Owned
11,858,066
Unexpended Balance in SlnkiDg Funds.
107,980
Cash Reserved for Construction and
412,583
Equipment
Kanawha <fe Michigan Ry. Company
Equipment Notes
1,375,000
Material and Supplies
184,675
o'
Capital Stock— Common
Capital f^tock- Preferred
$10,421,600 00
14.000,000 00
Mortgage Debt
16,722,<0O00
Car Trust Bonds, Series "A" 1894
448,00 » 00
Car Trust Bonds, Series 1902
1,600,000 00
Car Trust Notes
$1,456,860 45
Less Interest unaccrued,
included infaceof notes.
158,148 97
1,298,711 48
01
81
89
29
60
00
66
Total Invested Assets
$45,920,456 26
Cash
Cash in Transit
Cash with Financial Agents to Pay
Coupons aid Dividends
Due from Agents and Conductors
DnefromU. S. Gov't.-P. O Dept
Due from Roads, Individuals and Com-
Total Working Assets.
Total Capital and Mortgage Liabilities
$153,440 11
44,128 42
Unpaid Labor
Drafts in Transit.
Roads. Individuals and Companies
Coupon Interest and Dividends due and
Due
267,046 00
96,33 37
i
unpaid
10,17283
Discounted
Accrued Interest on Funded Debt
Accrued Taxes
Reserve Funds
2,640,1 •21 81
Total Working Liabilities
$44,490,311 48
$165,965 31
7,862 95
326,391 72
70^,370 75
Bills Receivable
1,022,79701
1,025,000 00
21,204 07
panies
Bills receivable
Accrued Interest Receivable.
340 000 00
117,406 66
50.b54 74
52,051 51
1,763,703 68
2,306,562 91
.
Prolitand Loss-Surplus
$48,560,578 07
of
30, 1902.
Credits.—
CONDENSED BALANCE SHEET JUNE
Cost
30. 1902.
$-',391,296 32
Coal Earnings
Freight Earnings
Passenger Earnings
,„.„,
$44,126 21
343 80
5,969 0b
also inter-
Double-tracking H. V. Division
Additional Water Supply
•
Land Purchased
Charged to "Cost of Road and Property"
Account
741
$48,560,578 07
Louis P. Ecker Aud tor.
Note.— The Hooking Valley Railway Company is the joint endorser (Principal and Interest), with the Toledo & Ohio Central Ry. Company,
the bonds of the Kanawha & Hocking Coal & Coke Company ($2,750,000) and of the bonds of the Continental Coal Company ($2,750,000).
WISCONSIN CENTRAL RAILWAY COMPANY.
THIRD ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
To the Stockholders of the Wisconsin Central Railway Com-
pay:
Your Directors submit the following report of the operations of the Company for the year ending June 30th, 1902:
GROSS EARNINGS.
From
From
Prom
Freight
Pa-isengerB
Mail, Express
and Miscellaneous
$4,508,876 93
1,267,3 "9 58
265,233 b5
Total
$6,041,470 16
Operating Expenses (64-28% of the Gross Earnings).. 3,883,373 60
Net Earnings
Other Income
Total
30,
1902.
Brought forward.
Taxes accrued
Balance
Rentals accrued
Interest accrued on Bonds
218,*93 18
$1,990,257 98
$37fi,36387
1,113,789 43
Total Fixed Charges
Surplus
Surplus brought forward from last year
1,490,153 30
$480,104 68
276,935 14
Total surplus June 30th, 1902
$757,039 82
this surplus there has been appropriated by the
Board of Directors in part payment of the cost of improvements for the year
124,990 41
From
.»
$2,158,096 56
30,654 60
$2,188,751 16
Leaving a Net Surplus to be carried forward
$632,049 41
1
;
THE CHRONICLE.
742
MILES OF ROAD.
The total number of miles of railroad in operation at the close
977-18
of the fiscal vear was
977-77
The average mileage operated during the year was
and the statistics of this report are based on such average mileage
operated.
During the year the connection constructed by the Illinois
Central Railroad Company under the terms of the lease of
[Vol.
LXXV,
The expectation of better traffic returns from iron ore and
general freight shipments noted in the last annual report
will be seen to have been fully realized. At this writing
good crops have been successfully harvested in the Northwest and in the local territories of this Company, and
everything points to continued favorable returns from
traffic.
Expenditures for improvements previously made are
results in the saving of operating expenses,
December 9th, 1899, was finished, and on August 31, 1901, bringing
this company dis ontinued its temporary use of the Chicago
although
Junct.on Raiiroad connecti.n with the
Illino s
C
ntral
Railroad.
CAPITAL STOCK.
There have been no changes
in the Capital
Stock during
this saving is partially offset by the increased cost
of material and labor.
comparison of the operating expenses with the expenses of the previous fiscal year will
show that of the $416,910 21 increase in expenses, $282,857 50
was in the maintenaice department and $134,052 71 in con-
A
ducting transportation and in general expenses.
During the year 6,218 tons of new eighty and eighty-fivepound steel rails were laid, the cost of which, with the cost
FUNDED DEBT.
of the fastenings, less the value of rails and fastenings reThe following changes have occurred during the year:
leased, was charged to operating expenses. The tonnage of
The Trustees of the Sinking Fund under the mortgage of rails
released was 4,437 tons.
The increase in weight
the Wisconsin Central Railroad Company dated January 1,
of rail laid over rail taken up was 1,781 tons, valued at
A. D. Ib79, expended during the year $642,885 87 in the pur$49,796 17.
chase and retirement of 593 First Series Mortgage Bonds of
In addition there was charged to operating expenses, but
the Wisconsin Central Railroad Company, all but four of
not expended during the fiscal year, $16,459 24. which rewhich were sold to said Sinking Fund Trustees by the mains
as a credit to •' Renewal Reserve Fund."
Trustees of the First Genera) Mortgage of this Company, at
The equipment destroyed in service during the year was
its request.
not all replaced, but its value a9 shown by the Company's
The amount received fromthe Sinking Fund Trustees for
books, less salvage, has been charged to lepairs, and the
said 589 bonds, toeether with $37,858 44 which still revalue of equipment destroyed has been credited to '•Equipmained in the so-called Collateral Trust of September 14.
ment Renewal Fund." The credit to this fund at the end
A.D. 1893, was applied to the purchase in open market
of First General Mortgage Bonds of this Company to
of the year was
$128,250 43
the amount of
$756,000 00
the
fiscal year.
These bonds were canceled and destroyed.
this Company held by the Trustees
Out of bonds of
First General
Mortgage
IMPROVEMENTS.
of its
for the retirement of underly-
The amounts charged
ing mortgage bonds, there were used during the liscal
year for the purchase of $5,000 outstanding Milwaukee
& Lake Winnebago Railroad Company, Manitowoc Division, Fir-t
Mortgage Bonds
5,000 00
of the Sinking Fund under the mortgage
securing bonds issued in payment of the purchase pi ice
of the Marshtield & Southeastern Railroad, resulted in
the cancellation of said Purchase Money Mortgage Bonds
to the extent of
The total amount oi First General Mortgage Bonds now
available for improvements pursuant of Section 4 of
Article I. of the First General Mortgage, but not drawn,
The operation
Reference
5,000 00
$776,506 78
„
is
made
for the year
651,516 37
124,990 41
to the details of the Improvement
16 of pamphlet report.
Account shown on page
EQUIPMENT.
114,40000
due the Company from the Trustees of the
Firwt General vtortgage, pursuant of Section 3 of Article
I., fractional amounts of said bonds, aggregating.
The total amount of said bonds, therefore, due, but not
drawn by the Company, is
is
Improvement Account
From surplus
is
There
to the
aggregate
This amoui t was provided for as follows
From proceeds of First General Mortgage Bonds
also
During the last half of the fiscal year, the following muchneeded equipment was contracted for
:
600 00
.
115,000 00
In addition to the last-mentioned amount, the Trustees
hold under Section 3 of Article I. of the First General Mortgage of this Company $2,245,000 00 of First General Mortgage Bonds, which are applicable primarily, under Section
3, to the retirement of underlying bonds, at or prior to maturity, any residue thereof not so needed being subject to
be drawn by the Company for improvements, equipment,
etc., as provided in Section 4 of said Article I.
10
300
100
25
3
5
Passenger locomotives.
Box
2 Chair cars.
4 Composite cars.
cars.
Stock cars.
Refrigerator cars.
Railway Post Office cars.
First class passenger coaches.
2
Baggage
1 Sixty-ton
cars.
wrecking crane.
3 Single-mast wrecking cranes.
Th s equipment will all be delivered during this calendar
year, and, with the ten locomotives refeired to on page 7 of
the Second Annual Report, will cost $73^,458 84, of which
$138,458 84 has been i aid in cash, since the close of the fiscal
year. Payment of the remaining $6u0,000 (JO has been secured
LAND DEPARTMENT.
by an Equipment Trust Agreement covering the above
equipment, in the usual form, with the Metropolitan Trust
Company of the City of New York, dated July 1st, A. D.
of the Land Department for the year. From these it appears that the to' al quantity of land sold amounted to
1902, under which this ompany is obligated to pay $60,000 00
29,442-17 acres for
$184,955 75 annually
for ten years, with interest at the rate of 5 per
sere
being
The average juice per
#6 28
The sale of town lots andstumpage amounted to
$38,105 19 centum per annum, payable semi-annually on deferred payThe royalties accrued during the year from iron ore mined
ments.
from the Company's lands amounted to
$125,444 30
Tab'es on page 22 of pamphlet report give the transactions
*
The gross cash receipts from lands,
lots, stuiupage, royaldeferred payments, interest on deferred payments,
rents.etc, were
$353,962 66
The expenses cf the Land Department, including taxes
and the cost of carii g for the property, were
$96,757 75
The total number of acres remaining in the grant on the
481,61 81
30th of June, 1902. was
54,419-55
Number if acres under contract of sale
INDUSTRIAL DEVELOPMENT.
ties,
The industrial development along the Company's lines, in
eluding new industries established and old ones enlarged
and improved, has continued unchecked.
TERMINALS.
Number of
aores unsold
4J7, 19856
LAND GRANT SINKING FUND.
1901
Paid Sinking Fund Trustees during year
Interest on deposits during year
Cash balance July
i.
Expense
$400,142 47
244,450 00
4,946 10
$649,5: H 57
Total
of administering Trustduring year
The new freight terminals
were occupied in January
6,494 52
and St. Paul
and a considerable increase
at Minneapolis
last
in business has resulted.
During the past fiscal year, Mr. Ed^in H. Abbot resigned
his trusteeships un er the mortgages securing the bonds
which are prior in lien to the First General Mot tgage B'mds
and still rpmain outstanding. By apt proc eding«, Mr.
William L Bull succeeded Mr. A bott as Trustee under the
Consolidated Mortgage of the Wisconsin Central Railropd
158 18 Company dated January 1, A. D. 1879, and Mr. Gerald L.
Balance on hand.
Hoyt succeeded him as Trust e under the mortgages of the
COMPARISON OF EARNINGS AND EXPENSES OF THE YEARS Milwaukee & Lake Winnebago Railroad Company dated
March 27th. A. D. 18v2, and of the Chicago Wisconsin &
ENDING JUNE 30th, 1901 AND 1902.
Railroad Company dated September 1, A. D.
Minnesota
General
Freight
70
earnings
on
$519,260
Increase in
BalaDce
Amount
Invested by Trustees
Increase in earnings on Iron Ore
$643.044 05
642,885 87
110,569 52
Total increase in freight earnings
Increase in Pasr-enger earrings
Increase in Mail, Express and Miscellaneous earnings
$629,830 22
86,596 74
768 62
Total increase in Gross Earnings
being 1347 per cent.
Increase in t-xpenses
being 1203 percent.
Increase in Net Earnings, being 16-16 per cent
$717,195 58
Increase, in
TaxH 8
...
Increase in Rentals
Increase in Interest on Bonds
..$416,910 21
300,285
5,377
43,534
27,120
37
45
38
87
1885.
In the pamphlet report will be found a balance sheet,
statements and statistics relating to the business and condition of the Company. Reference is made to these for
more particular information as to the business of the year.
By
order of the Board of Directors,
H.
F.
WIIITCOMB.
President.
Milwaukee, September
15th, 1902.
.
OCTOBEK
EPITOME
COMMERCIAL
Friday Night,
Oct.
3, 1902.
The stringency of the money market has been relieved to a
considerable extent by tbe action taken early in the week by
the Secretary of the Treasury. Still, the financial situation
has continued such as to create greater conservatism on the
part of merchants generally, and in many lines buyers
have shown a disposition to hold back and await developments. Rainy weather has been experienced over a considerable area of the country during the week, interfering
with the gathering of the late crops. Reports from the corn
belt state that the quality of the new crop^is being affected
by the wet weather.
October 1,
Stocks of Merchandise.
t^ 8
Tobacco, domestic
Ootfee, Rio
Coffee, other
Coffee, Java, Ac
Sugar
Sugar
Molasses, foreign
154,746
1*5,347
None.
119,211
None.
30,600
32,606
33,049
80S
bales.
bble
bbls
bDls
bags.
Spirits turpentine . . . r
lar
Bioe, E. I...
Bice, domestic
bbls.
.bass.
bales.
Baltpetre
Manila hemp
bales
hemp
bales.
bbls.
1,005
7.000
6.3U0
None.
4,100
10.640
1,500
None.
116,000
bags.
Linseed
Jntebntts
Flour
2,380.3 to
-No
and sacks
September
1,
i.902.
6,606
6,022
-
hhds.
bags.
bags.
mate.
hhds.
bags, &o.
hhds.
Hides
Ootton
Bosln
Sisal
1902
6,985
7,439
2,079,017
169,286
132,202
None.
136,755
None.
19,-00
f-w.105
30.7^5
2,103
1,334
6,100
6.000
None.
4,400
14.734
1,510
None.
95,800
October 1,
1901.
5,874
3,340
1,131,738
256,187
130,136
2,160
291,690
None.
40,500
74,653
24,y?4
1,461
692
2,400
2,000
None.
2,300
781
3,468
None.
78.300
Lard on the spot has been unsettled, following the course of
the speculative market; it declined early in the week but subsequently turned firmer and advanced. Business has been
reported as quiet. The close was steady at 10 60c. for prime
Western and 10o.@ 10*253. for prime City. Refintd lard ha9
had only a small sale and prices have declined and advanced
with the raw products, closing at 10-75c. for refined for the
continent. Speculation in lard for future delivery has been
fairly active. During the first half of the week prices sagged,
but the advance in corn on the less favorable crop reports
started buying by shorts to cover contracts, and prices advanced sharply. The close was steady.
DAXLT 0LO8IHQ PRICES OF LARD FUTUBEB
Tkurt.
F*i.
Wed.
Tues.
Hon.
Sat.
9-72i*
10-10
10-05
9-90
9 70
10 00
Octoberdel'y
8-77i«
8-65
8 76
8 S5
867^ 8 60
January del'y
Pork has b^en offered at slightly lower prices in the local
market, and business has been more active. The close was
steady at $17 75@ 18 50 for mess. Tallow has been firmer,
closing with buyers at 6 l4c Cotton-seed oil has sold slowly,
but prices have held fairly steady, with prime yellow at 40c.
Batter has b^en in fair supply, but with a steady demand
prices have been well maintained at 17J^@22L£c. for cream
ery. Cheese has been in fair demand and firmer, closing at
10@12c. for State factory, full cream. Fresh eggs have been
in fair demand and firm for best grades.
Brazil grades of coffee have sold slowly. The trade generally has been an indifferent buyer, having fair stocks en
hand, and with the present excessive supplies in sight has
apparently seen little in the situation of a character to induce
additional purchases. The close was steadier at 5%c. for Rio
No. 7. Offerings of West India growths have continued
small, doe to light stocks, and prices have held steady, with
good Cucuta at 9c. East India growths have been steady.
Speculation in the market for contracts has lacked spirit, al
though during the latter part of the week there was a s'eadier
undertone on smaller Santos rece pts. The close was firmer.
Following are the closing asked prices:
5-50.5
5-150 Jan
May
5-80c.
Oot
I
Feb
5*95o.
555o July.
6'05o.
March
5-65o «Jept
Offerings of raw sugar have been small, and with a fair demand the market has bten firm, closing at 3>£@3%c. for
Nov
Deo
5-80o.
5-40o.
I
centrifugals, 96-deg. test,
and
3c. for
muscovado, 89 deg.
743
COTTON.
(fcumturcial Qimcs.
Lard
—
.
THE CHRONICLE.
4, 1902.]
X he
.
Friday Nkjht, October 8, 1902.
1'hr Movkmknt of thb Crop, as indicated by our telegrams
from the South to-night, is given below, For the week ending
this evening the total receipts have reaohed 309,252 bales,
against 265,887 bales last week and 211,164 bales the previous
week, making the total receipts since the 1st of Sept., 1902,
1.030,945 bales, *iKj*tnst 587,525 bales for the same period of
1901. showing an increase since Sett 1, 1902 of 4 13,420 bales
,
Naphtha
7 20c. in bbls., 8-50c. in cases and 4'65c. in bulk.
has been unchanged at 9 05c. Credit balances have been
quiet at $1 22. Spirits turpentine has advanced on small
offerings, closing firm at 51^£
52>£c.
Rosius have been
unchanged at $1 55 for common and good strained. Hop3
have been firm but quiet. Wool fairly active at firm prices.
M on.
Sat.
Wed.
Tuns.
Frt.
1
Boyal.Ac
Pt.
Wash' ton, Ac
MortoU ...
fPp't News, *c
4,966
2,220
2,379
13
5
-ioBton.. ..
Baltimore
PhUadel'a.
4,528
2,983
2,843
3,018
2,789
8
3,563
1.507
22,223
8
18,900
1,724
22
497
250
57
510
593
217
—
York
flew
3,658
5,801
2,875
Wilmington...
6
13
5
138
*<•
11
100
100
Tot. this wee> 46,365 50 050 85,651 35,779 44,481 46,926 309,252
The following shows
Sept.
1,
the week's total receipts, the total since
last year.
and the stocks to-night, compared with
1902,
1902
Heeexpts to
Oct.
3
1901.
Sine* Sep.
This
1,
vscth.
P.Royai.Ao
Wilmington
Wash'n, Ac
22,223
357,474
2,517
189,353
20,479
9,065
225.445
13,822
65,486
14
91,245
8
50
fforiolk
18.900
48,206
4,404
100,999
851
<ew Orleans 65,437
5,604
mobile
.-"eaool*. Ac
5,695
.-tlveston..
Sab. P., Ac.
56188
Savannah.
Br'wlok.tfec
Jharleston.
9,741
20,672
1,724
S'portN.,A«
Mew York
1,
1902.
1901
71,445
224.669
709
1,839
61.657
5,893
431
38.594
7,398
1901.
101,627
100,584
147,582
14,162
2,642
107,971
13,124
17,107
98,155
11,206
72,467
10,924
73,571
6,094
19,804
34,141
2.704
6.599
28,302
23,446
11,457
22 476
628
7.S14
7 340
3,502
5
79,921
4.000
1,430
2,330
333,902
15,773
12
7,146
,...
17
279
67
467
635
1,769
29,817
7,522
2 495
3 225
309,252 1,030,945 219,717
587 525
384,776
57
510
593
.
Phlladel.&o.
Totals
Moo*.
Sinct> Set
9.7U
600
107
.
Boston
Baltimore
This
week.
1902
1,189
1,489
903
832
comparison may ne made with other years,
below the totals at leading ports for six seasons,
lu uioer that
*e
trive
1902.
itcexpts at
lalves'n.&o.
101,850
65.487
5,604
56,188
20,672
22,231
18.900
1,724
16,596
New Or ma fin
yfobtle..
....
Savannah...
Ohas'ton, Ac.
9?Um'ton. Ac
Norfolk
News, Ac
s
ill others...
fot. this
it
wk.
rice iiapt
i
1901.
1899.
1900.
72,154
61.657
5,893
38,594
7,398
15,785
7,146
48,393
121,992
1897
1898.
103,231
68.936
110.399
11,769
56,308
27,694
21,919
21,152
94,109
51,374
7,858
51,419
21,867
1 8,723
27,928
73 467
ll,4i'8
5,171
53,470
9,835
14,920
13,206
386
308
697
11,811
56,984
15,532
26,347
24,209
115
4,899
14,918
23,225
19,029
309,252 219,717
309,879
284,073
346.231
293,004
279
1030,945 597, 52f
880,284 1024.373 1014.015 1115,668
The exports for the week ending this evening reach a total
of 302,176 bales, of which 106,375 were to Great Britain, 44,199
to France and 151,602 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1902.
Week Bndino
<rom—
0r«at
France
Brtt'n.
32.360
18,259
3ab. Pass, Ao..
flaw Orleans..
29.916
Mobile
Pnoiaoola
20,309
—
4.976
9,300
Sept.
1,
1902. to Oct . 8, 1902
Exported to—
0rt«l
Conti- arena
Fr«n«s
nent. Wt4k. Brifin.
82,266
82,906
......
......
23.685
73,910
Continent.
Toi>
96,847
44,876
78,618
220.241
43,113
4.161
25,450
43,793
117.356
4,151
550
6,625
8,345
40.600
43.860
7.028
17.850
27,160
8,715
7,028
9.300
S0.836
30.H26
9.135
......
3,698
4.699
7,028
..
jhsraiton...
From
to
4.161
5,360
Srantwlok
Oct. 3, 1902.
Exported
sixports
4,151
£50
9,170
17.S50
8,893
121.693
7,02$
27,150
65,«05
74.840
106,698
e*ort iioj si
wtlmlnirton..
8.698
*'oort N., Ao..
»•
.*•••.
York.
4,810
281
2,514
iititoora
5,031
4,170
9,261
400
350
2,9 14
6
2,577
1,000
1,000
39,813
7,688
8.427
«,939
6,391
#
'timdalpbla.
bij f
ran.. Ao..
2,572
—
.•••
•••••
—
4,688
....
600
600
,
-
@
tk*rs.
17,391 16,533 25,303 10.257 17,117 14,898 100.999
**iveston
328
523
851
Bab. Pmb, Ac
Mew Orleans. 10,007 10,284 21,861 3,729 11,341 8,265 65.487
957 1,299
845
704
725
5.604
Mobile
1,074
J
5,105
590
Mis»cola>, Ac.
5.695
<a.v»nnali ......
9,128 12.692 10,277
8,895
6,885 8,313 56,188
6,874
2,867
9,741
Brunsw'k.Ao.
3.324 3,049 2,681
2,401 20,672
'BftrleBton.-..
3,733 5,478
test.
Refined su<»r has been unsettled, cosing quiet at 4"65c. for
granulated, Teas and spices have been firm.
Kentucky tobacco has been moving freely on old purchases,
but new business has been quiet. No business of importance
has been transacted during the week in the market for seed
leaf tobacco, but priees have been unchanged and steady.
The downward u ndency to prices for Straits tin has conOfferings have been moderately free, while the detinued
mand has been s'ow. The close was weak at 21 95@25'10c.
Ingot copper has been steadur during the week, but the close
was flat at l\ 55@U*70o. for Lake. Lead has been steady
at unchanged prices, closing at; 4'12^e. Spelter has been
quiet and without change at 5'50c. Pig iron quiet but steady.
Refined petroleum has been unchanged, closing steady at
at—
»»0*-.J>U
i
,.
i
ii
'
4,842
61.368
8.063
1?,078
7,639
8.892
38.683
400
4,661
650
— — 8.392
'
«
106,876
44,199 161,602 302.176
269.754
84,338
863.390
707,499
68,888
10,926 JOB.SPol 176.7 03
14S769 46.070
216,64'1
411.386
.
.
'
THE CHRONICLE.
744
In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
add similar figures for
cleared, at the ports named,
New York, whioh are prepared for our special use by Messrs,
Lambert * Barrows, Produce Exchange Building,
[Vol.
ITdtubes.— Highest .lowest and oloslug
prices- at
LXXY,
hew
xorr.
We
OH SHIPBOARD, HOT CXBARBD FOB—
Oct.
Leaving
3 at—
Great
Other OoattGerBritain Fr'nce many. For'gn xnite.
New Orleans.
Galveston....
1,590 3,556 6,210
6,094 14,259 21.717
400 3,700
2,700
8,000
ttoeh.
Total.
13,053
56,062
12.800
4,375
1,450
4,500
"isb
650
1,000
14,000
85.102
45,565
60,771
15,429
9.756
3,314
29.167
28,782
22,187 10,884 26,215 35,777 11,827 106,890
277,886
Total 1901.. 30,416 25,191 53,565 35,547 7.622 152.341
39,501
13.392 184,158
Total 1900. 111.650 19.615
181,561
281,440
Savannah.
...
1,697
12,590
2,900
Obarleeton...
Mobile
New
"Too
York....
Other ports
5,000
Total 1902..
8,000
1*402
3.100
1,375
1.450
4,500
I
I
4
I
I
I
9
I
I
I
I
Id
©© 01
©
9
I
0000
Speculation in cotton for future delivery has been on a
moderate scale only, the outside speculative interest shown
in the market beiDg comparatively small. Early in the week,
slightly better cable advices,
a legs favorable weekly
report by the Weather Bureau than generally expected,
and reports of excessive rainfall in the Southwest section of
the cotton belt had their itfluence in favor of the market and
prices advanced slightly. On Wednesday and Thursdav here
was a quiet, hesitating market, awaiting the monthly Bureau
report to be issued on Oct. 3. The slight changes that did
cccur in prices were towards a lower basis, due, it was claimed,
to a limited liquidation of January contracts by the bull
interest.
Friday there was tn unsettled market. The opening was at slightly better prices, but the market immediately
turned easier, and during the morning gradually sagged,
with the leading speculative holders moderate sellers of January contracts. At noon the monthly report of the Agricultural Bureau was received, and it placed the average condition of the crop at the low figure of 58 3. This was below the
expectations of many, and was reflected in an immediate
up turn to prices on buying, coming largely from shorts to
Low Middling
Middling
Btrlot Good Ordinary
Good Ordinary
014 oft038 off
Low Mid. Tinged... 034 08
Middling Stained
050 on
off
Btrlot Low Mid. Stained... 106 ofl
off
1-50 off
Low Middling Stained
Onthls basis the official prices for a few of the grades for
the past week— Sept. 27 to Oct. 8—would be as follows.
Btrlot
Low
Btrlot
0'72
1-00
UPLANDS.
Sat.
Mom Tn«a Wtd
Tm.
l?rl
.-;
Good
Ordinary........-,
Low Middling.... ....
Middling
Good
Middling.....
..
GULF.
Low
Middling. ....... — .....-.
788
7-88
8-62
7-88
8-50
8 50
8
9
8 78
8 78
8 78
8 00
8 00
862
9
932
9 80
980
920
968
Sat,
intoiii
Tbm
825
825
887
813
875
9M
9*8
9 45
9 93
y-32
8-87
9-4
9-57
9 57
1005 1005
STAINED.
Sat.
Low Middling..—
7-50
9 20
7'94
8^6
894
y 26
968
968 974
W*<i Th. Frl.
8-13
875
1
9*
9 45
9 93
Hon Tact Wed
7-50
8 50
8-66
..
»«.0
50
7-38
7 38
8-13
8-75
9*8
9 45
819
8
81
919
951
993 9-y9
Tk. Frl.
7-38
7-44
850 8-38 838 3 38 8 44
866 8-54 8'54 8 54 8 60
Btrlot Low Middling Tinged...
900 900 888 8-88 8 83 894
The quotations for middling upland at New York on
Oct. 3 for each of the past 32 years have been as follows.
1894 ....0. 614
1886.... 0. 9^
1902....0. 894
1878....0.1CS>ie
1901
1900
1899
1898
1897
1890
189S
F5 ia
1078
73, 8
53s
6*3
8»b
tn«
8l, 6
1893
1892
713 16
1891...... 8»8
1890. .....103a
10»4
1889
1888.
103s
9 7 i„
1887
1885
1884
1883
1882
1881
1880
1879
MARKET AND
Spot Mabkkt
Closed.
Satnrday .- Dnll
Monday.... Quiet
Tuesday... Unlet at
Wednesday Steady
Thursday unlet
Quiet
Friday
*«
I...
IOB9
11%
1178
lli«
103a
PUTUBBB
Market
Quiet
Quiet
dec...steady
Salics
113 la
11
13 1*
1538
183a
19
20
or Spot a Oohtraot
Ex-
Oon-
Con-
port.
mirnp.
tract.
1,000
Stftarty
B'rly steady,
,
1877
1876
1875
1874
1873
1872
1871
SALES,
Oloskd.
. .
Total
10i 16
lOifl
Steady
1,000
ffoiat
87
87
206 1,600 1,806
83 ?,300 4,383
415
415
94
91
110 2,000 2,110
995
6,900
8,895
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CIO
1
cover contracts. The movement of the crop for the week
continued large, being considerably in excess of the movement for the same week last year. The large supplies, however, now coming into 6ight appeared to have little iifluence
as a factor. The export movement of cotton has been fairly
free, but the demand from domestic spinners for actual cotton has been reported as very moderate. The close was
steady at a net gain in prices for the day of 7@8 points. Cotton on the spot has been slightly easier, closing at 8'94c.
for middling uplands.
The rates on and off middling, as established Nov, 30, 1901,
by the Revision Committee, at whioh grades other than
middling may be delivered on contract, are as follows.
Fair
..o. 1*14 on
ing Tinged
Good Middling
Even
Middling Fair
030 on Btrlot Good Mid. Tlnged.o. 0-20 on
0-50 on Btrlot Middling Tinged.... 0-06 off
Strict Good Middling
Good Middling
032 on Middling Tinged
li o«
I
I
©©
oco?
00 OD
!
1
WM
9
©
05
W
I
9
0000
obex
-j*
19
w, s
I
I
0000
©
00
00
9
3H
i->
*
9 IS
00
00
I*
00
d
©
©
©
©
w
o
The Visible supply op Cotton to-night, as made up by
II
oable
II
I
and telegraph,
OS
'
a
00
•
©
-3
--1
I
as follows, Foreign stocks, as well
week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
Oct. 3), we add the item of exports from the United States,
including In it the exports of Friday only.
is
as the afloat, are this
1901.
1900.
1902.
1399.
•took at Liverpool...... bales. 258.000 220.UOO
171,680 716.000
Itook at London
000
14,000
„
18
7,000
3,000
Total Ureat Britain stock. 276 000 227,000 185,680 719,000
•took at Hamburg.. ...........
14,000
15,000
18,000
27,000
dtook at Bremen
27,000
51,000
15,000
102,000
dtock at Amsterdam.... ......
2,000
Stock at Rotterdam
200
200
300
gtock at Antwerp ....... ......
5.000
2,000
3,000
3,000
Stook at Havre.... ............
52,000
42,000
28,000
110,000
•took at Marseilles
3.000
2.000
3.000
......
5,000
Stook at Barcelona
31.000
34 000
23.000
65.000
stock at Genoa
16,000
6,000
6,000
10.000
10,000
•took at Trieste
7,000
3,000
17,000
Total Continental stocks.. 145,000 I76.2i)0
95,200 341,300
Total European stocks.... 421.000 403.200 28O,b80 1,060,300
India ootton afloat lor Europe
1 8 .000
16,000
57,000
10,000
Amer. ootton afloat for E'rope. 522.000 285,000 352.000 453,000
r
Bfrypt,Brazll,<bo.,aflt.forE pe
35,000
20,000
12.000
23.000
Stook in Alexandria, Egypt...
37.0O0
56,000
41.000
57,000
Bombay,
220.OOO
India
ritook in
245.000 250.000
300,000
Stock In United States ports.. 384 776 333 902 465 593 699.414
dtook In U. 8. interior towns.. 2*>4,6«6 264,230
222,3^3 445,710
14,-27
23,109
£4966
United States exports to-day.
34,412
Total visible supply
.1,951.864 1,643.309 l,678,»80 3.103,390
Of the above, totals of American and otker descriptions are as follows
.
American—
Liverpool stock.
Continental stocks
bales.
211.000
103.000
522.000
153.000
126.000
114.570
74.000
352.000
465,598
222.393
28,109
662.00O
285,000
453,000
69 »,414
445,710
54.966
1,256,670 2,600,090
afloat for Europe. .
28\0O0
384 776 333.^02
Onlted States stook
United States Interior stocks. 254 646 264 280
34,442
14,^7
United States exports to-day..
Total American
1,509.864 1,177,109
Mast Indian, Brauil, tic67.000
57.110
Liverpool stook
47,000
54.000
18.000
7,000
14.000
3.000
Londonstook
50.200
21.200
Continental stooks
56,300
„ 42.000
18.000
18.000
57,000
10,000
India afloat for Europe
35.000
20.000
12.000
23,000
gypt, Br aill, <kc, afloat
6H.000
37.000
41.000
57,000
Stock in Alexandria, Egypt...
245.000 2,^0 000 220,000 300,000
Stock in Bombay, India
Total East India, Ao
442.000 466 200 422.310 503.300
Total American..
1,509.864 1,177.109 1.2*6,670 2.600,090
Total visible supply..
.1,951,864 1,643,309 1,078. U80 3,103,390
67 16 d.
4-84d.
4%d.
sfiddllng Upland, Liverpool..
33133d.
8-940.
8380.
7 5 i«e.
Middling Upland, New York..
10%C
63 16 d.
Noui'l.
7
Kgrpt Good Brown, Liverpool
713i„d.
Peruv. Rough Good, Liverpool
d
J7, 6 d.
6VL
7h 8 d.
4l3 l6 d.
47 33 d.
ei«d.
Broach Fine, Liverpool.. .....
4d.
5'8 d.
413 18 d.
4»8d.
Tlnnevelly Good, Liverpool...
3\d.
American
V
:
Continental imports past week have been 65,000 bales.
The above figarea indicate an excess in 1902 of 803,555
bales as compared with same date of 1901, a gain of 273,884
Valei over 1900 and a decline of 1,151,526 bales from 1899.
. ..
.
.
October
THE CHRONICLE.
1902.]
4,
1
At the Intbbiob Towns the movement— that Is
the receipt*
(or the week and since September 1, the shipments for the
Week and the stocks to-night, and the same items for th«
•orreeponding period of 1901 —is set ont in detail below.
745
Quotations fob Middling Cotton at Otheb Mabkets.—
Below are closing quotations of middling cotton at Southern
*nd other principal cotton markets for each day of the week.
GLOBING QUOTATIONS FOB MIDDLING COTTON ON—
Week ending
Oct. 3.
Oalveston...
8»fl
New Orleans
8i*
9
9
9
8%
884
9^8
Pig
Angnsta
884
9*4
83s
Memphis
B'w
^16
813
8i«
83fl
8ifl
8»ii
8i«
8*8
.
Philadelphia
St.
Louie
Houston
SiJ^*k '
Cincinnati
Little
N« »«O
mw» •CO
jscopijacc w©^o»<i»C)©
s^ao
o^
*>^i«0)_«)0^_c»0!
^TcoVotoao wlo obo'aaocossewa&ot cowVTj&^'-obiTcaoVj'jooco
S.i-.^'r ©sender
cci;i^>-'»otc<li«»~JCifccoK05«'©eDacco3© ©
co®'-»©^*'«'
^a3SOCO«.OOtOtOO<Mr-OS«»Ci;tOH'OJH'©l*aDtO«OlM©CO~4i-'CO»J
<
:
Wo
tf>
b
tO
t
0Dr-A«»8.-4
f © jocpct >t^»'—'-ioee>'-'
cocc^o-'CCifkOotctOCOO — coacaDO:CO«.it>W©
10 OS ci <1-J.
>—
W — « ><1 ^^fi— WWOJ C -J©
**
H"
8*3
WW
V*
M
M W
l->tO
tsw<i«<io>«jw*kO'*eo
Itv OS
CO
*
sbpt'beb—
Range
8\
9^
638@7 16
87l6
l^»«
8^2
813
Zht
8
18
II
8ifl
S3 16
^T 16
8i«
8i«
8ifl
8%
93!«
836a7 ie
S 7 18
84
8*16
8J*
8ifl
84
8
8
8
K©tO^J— —
j«
»©00-"0'»COC©0.
—
se
—
M
W MS
OBHH
to
^"•©MMtlOJ
at other important
Columbus, Miss
Eufaula
Nashville
84
|
8i 18
Natohez
t 5 ie
I
Louisville
8Sa
Raleigh
Shreveport
84
i
. .
Monday. Tuesday, Wed'day, Thur8d'y Friday,
Oct. 2.
29 Sept. 30 Oct. 1.
Oct. 3.
Sept.
8-42'&v4' S-41W42
8-4 t-a - Nominal.
— ® — — ®
— ® —
— 9 — — - — ® — — 9 —
-a)
Range... 8-33® 3 8-33»-38 *-35»-3f- 8 36®-3 8-359-39 8339-42
8-35® 3t! 8 32®-34 8-3j« 36 836®-3t 8-339-35 8-409-42
Closing
r
I-
. .
Dec'beb—
Range
Closing
<-•
CO CO "<l CO 06 «4
I tO-J-l* 0St0~J00-0-J^^lH<r'©O>«c»©»-C0l-'»
"
'
OS
0000—
ot os
©soi
vroaoct
a. -jc * #• si^i^iC oc p^c
-0)
-a^A«C©
00*
838
8»18
8 78
8 78
8%
I
Sat' day
Sept. 27
©
8
. .
39»
44 8M0t»
8'43'3>-44
840d
±->
8-41946
>-41'»-48
;
8-389-46 8-409-51
8-489-49
41 8-439 44 8-43® 44 8-409 4
Januabt—
MS
8-44'a? 4« 8-43^'5f 8-459-51 8-469-50 8-439-50 8-439-53
8-47® 48 8-449-45 346@-47 8-469-47 8-449-45 8519-52
Range
©<»
Closing
.
Mabch—
Range
tC
8H
SH
814
833
89l8
P»8
OCTOBBR—
3".
O CT f 0D *= - 1^
00
£ 3 is
highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Closing
"to m boVV i^ <:»»« en e »» © © to7-7o e a© w © b>7-» bs oo'to
ctai-'to*.©
j oowtotc©«©j.tc©© — ^w~j^i^o:©t0
09tojc«la>4WC^©cci^oi^«eceHtox©cc©caiooco©#kaosco
c©
asa©
•£.
M
f"
*j
a&©aD
8i«
8H
84 Montgomery.-- 84
New urleans Option market. -The
5
N HMCH-Wan
od^^ojcooo"©*
1
0>xoiti05C50-»«J'
^^CVS^OVKD
00
87, a
<«-j**SMa ~ as »a joto co -4 cc w os *n* to
00
JooocoVeo"©* ©to
©r-~JCO
83s
Columbus, Qa.
,
,
M
MOMM
9i4
8^18
8i«
Athens....
Atlanta
Charlotte
•-»
©»
»'» c»V:'i>.co>^cioT-bs"xaoVs'U
»i » «b
©*a co » m'oo e*!S
m>-y>^oDceiF-h-»»J>- >-»l'i''OOi^-©-> ooco©*iCKJWi^~i©co*>.^
»OF-Cl}©©090!©COMO<l^©COW~)CC©CO(i05a*Vlf-COCOl-'«0>'-'
OD
8» le
8>fl
8i«
83,8
814
814
The dosing quotations to-day (Friday)
Southern markets were as follows.
00
to
.
Rock.
8*4
814
83s
8»18
Fri.
8i«
<
CO
r to
SH
814
838
Thurt.
89ie
8i*
8<4
8ifl
8»4
§>
8'8
Baltimore
*-
8»is
8^
bh
Wilmington.
Norfolk
1
Wednes.
8*4
8I4
838
8018
Charleston..
®^» as ot — aoco e*-J*^-J celcos * <j7» 1 3i
© h ©b>C *»•<»«
Oi<»cri(kos©©oob3to^wi^<ltc©©K:pf«. St"
ooic.i-JClM'lih"»SCMQ[:CO ~JO0K WOOh-WCC OS CO OS »Jl^ -J 05
Tuet.
She
8k
Mobile
Savannah..
TuTo "— oi w"—
Mon.
Sahtr.
9" 53 8'48®-F5 9-509-55
8'5l«-52 i 48®-49 8-51® 52
8-48
Closing..
tOOSM
8
8
50955
3-479-54 8-479-59
519-5i 8-489-49
Spots
Op'Jons.
.
Firm.
Steady.
Steady.
Steady.
Weak.
Quiet.
Quiet.
Quiet.
Weather Reports by Telegraph.— Our
The aoove totals snow that the interior stocks nave in
sreased daring the week 58,399 bales, and are to-night 9,684
bales less than same period last year. The receipts at all the
towns have been 34,928 bales more than same week last year.
Ovbbland Movement fob the Week and Since Sept, 1.—
We give below a statement showing the overland movement
for the week and since Sept, 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Oct. 3 and since Sept, 1 in the last two years are as follows.
1901
1902.
8
569-57
Tone—
in
Quiet
Quiet.
Steady.
Steady.
telegraphic ad-
vices trom the South this evening indicate that rain has been
quite general during the week, interfering to some extent
with the gathering of cotton. In portions of Texas the rainfall has been excessive.
The movement of the crop continues quite free.
Galveston, Texas.— There have been showers on six days of
the week, the precipitation being five inches and one hundredth. The thermometer has averaged 76, ranging from
66 to 86.
Abilene, Texas.
have had rain on two days duriag the
week. The rainfall reached one inch and ten hundredths.
The thermometer has ranged from 50 to 90, averaging 70.
Brenham, Texas.
had rain on foar days during the
week, the rainf 1 11 being four inches and fit ty -four hundredths.
—We
— We
Average thermometer 71, bighe'st 86. lowest 56.
Corpus Christi, Texas. —We have had showers on four days
Sept. 1
Sept. X
of the week, tbe recipitation reaching one inch and eightyeight hnrdredrhs. The thermr m^t'er has averaged ^78, the
10.015
30,117 highest being 90 and the lowest 62.
22,446 15.276
3,340
1,855
6,280
5,934
Cuero, Texas. There has been excessive rain on five dsys
"518 ""*50
21'
250 of the week, tbe rainfall being ten inches and eighty-three
6S2
2,41 S hundredths. The thermometer has averaged 77, ranging from
3,782
1,957
October 3.
Wttk.
Wttk.
gine
r.
tkipptdvUat rnnli
Via Cairo
,
„„„
„.._.
—
Vim Padncah.... .„_.._.
Via Book Island.........
Via Louis vihe.... ......
Via Cincinnati
-..
Via other routes, <fco„„.
Total gross overland.
26
377
5ib
4,013
15,231
3.21&
1,5^0
8,0:3
48,634 ll,616
48,322
19,568
,..,
Dtduet tkipmtntt—
Overland to M. Y., Boston, &c.
Between Interior towns....
Inland, Ac. from South
1,160
1.S17
1,977
3,385
1,923
6,679
1.169
1,020
1,7 64
7,006
1,150
5,339
_*~
~4,954
11,987
3,953
13,495
\j*Hv\TiBtnt%\ net overland.
14,614
36.647
17.663
34.827
Total to »e deducted
The foregoing shows that the week's net overland movement
year has been 14,614 bales, against 17,663 bales for the
In 1901, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 1,820 bales.
this
week
1901
1903
in Sight
Wttk.
Receipts at poit» to Oct. 3
*et overland to Oct. 3
Southern consnmptlon
to Oct. 3..
Since
Sept.
1.
Week.
309.25? 1,030,945 319.717
14.614
36,647 17.663
40,000 193,000 330O0
Total inariieted. .«...„.„„.. 368.866 1,260,592 270 360
58.399 191,568 52,9k 4
nterlor stocks in excess
Came Into sight daring week. 422.265
323,301
Total In sight Oct. 3
1,453,160
North'n splnnera tnk'gs to Oct.
Movement
Veck1900- Oct
Oct 7
1897- Oct
P
49,897
135,193 42,482
Sine* Sept.
1—
1900— Oct 5.
1899-Oct 6
4t>8.641 1898— Oct 7
384,720 1897— Oct. 8
1,499,309
est 48.
1
87,525
34,827
161,000
1
783 352
134,975
918,327
107,523
Baiet.
-
We
1.4M.507
Sept.
1,241.501
1,452.411
409,926
397,818
—
the week, the rainfall being two inches and thirty-nine hundredths. The thermometer has ranged from 53 to 96, averaging 74.
Longview, Texas.—
had rain on three days duiiDg th9
week, the rainfall being three inches and ihirteen hundredth. Average thermometer 73, highest 90, lowest 52.
Luliiig, Texas,- It has rained on five days of the week, the
rafnfall reaching four icches and eighteen hundredths. The
thermometer has averaged 73, the highest being 91 and the
lowest 54.
Palestine, Texas.— It has rained on fcur'days duringthe week,
to the extent of three inches and Tvre&ty six hundredths.
The thermometer has averaged 71, rangiDg from 54 to 88.
Paris, Texas.— We have had ram on three days during the
past week, the rainfall being three inches and twenty-five
hundredths
Average thermometer 67, highest 86 and low-
Sinet
into sight in previous years,
Balet.
5
1899- Oct. e
18<»«
3..
ing 71,
Henrietta, Texas. There has been rain on two days during
the week, the rainfall being one inch and eighty-three hundredths. Average thermometer 66, highest 89, lowest 42.
Hunt&ville, Texas.— There has been rain on three days the
past week, the precipitation reaching three inches and fortyseven hundredths. The thermometer has averaged 73, the
highest being 90 and the lowest 55.
Kerrville, Texas.—
have had rain on two days of the
week, the rainfall being two inches. The thermometer has
averaged 73, ranging from 50 to 95.
Lampasas, Texas.— We have had rain on two days during
and Spinntrf
Taktnge.
63 to 91.
Dallas, Texas.—There has been rain on two days during
the week, the rainfall being two inches and thirty-six hnndreths. The thermometer has ranged from 48 to 94, averag-
We
.
«
.
.
THE CHRONICLE.
746
—
San Antonio, Texan. We have had rain on three days dur*
ing the week, the raiafall reaching four inches and thirty*
six hundredths. The thermometer has ranged from 56 to 90'
averaging 73.
Weatherford, Texas. There has been rain on two days the
past week, the rainfall being two inches and sixteen hun
dredths. The thermometer has averaged 71, the highestbeing 94 and the lowest 48.
New Orleans, Louisiana.—It has rained on five days of the
week, the rainfall being sixty two hundredths of an inch.
The thermometer has averaged 78.
Columbus, Mississippi.
It has rained on two days of the
week, the rainfall being twenty hundredths of an inch.
Average thermometer 62. highest 70 and lowest 55.
Leland, Mississippi.— We have had rain during the week
to the extent of one inch and thirty-two hundredths. The
thermometer hus averaged 6S-1, the highest being 87 and the
—
lowest 52.
Vicksburg Mississippi. We have had rain on five days of
the past we k, the raiufRll being eighty-eight huadredths of
an inch. Tte thermometer has averaged 73, ranging from
57 to 87.
Little Rook, Arkansas.— Picking has been interrupted by
wet weather. We have had rain on four days of the week,
the rainfall i*f aching twenty-seven hundredths of an inch,
and it is raming now. Average thermometer 69, highest 86,
lowest 54.
Helena, Arkansas —Wet weather has interfered with picking, and some damage to cotton is claimed. Rain has fall n
on two davs of the week, the rainfall being one inch and
thirty-five hundredths. The thermometer has averaged 70,
the highest being 85 and the lowest 52.
—
Memphis, Ttnnessee.—B id weather has interfered with
picking. There has been rain on two days of the week, the
rainfall b.ing fifty hundredths of an iuco, and it is now raining hard. Ti_e thermometer has averaged 78, ranging from
55'8to82 7.
Nashville, Tennessee.— There has heen rain during the
week, to the extent of eighty-seven hundredths of an inch.
The thermometer has ranged from 51 to 84, averaging 67.
Alabama. -Heavy rain in the interior early portion
Cottoa picEiug is
of week. Clear and warm latter part.
nearing completion in many sections. We had rain on four
days during the week, the rain' all being one inch and twentysix hundredths.
Average themometer 77, highest 87, lowest
[Vol.
Movement fbom all poets,— The
India Cotton
1902.
receipts at-*
Bombay
1901.
Sinet
Week.
15,000
For the Week.
Great
Britain.
—
Madison, Florida. We had raia on three days during
the week, the rainfall being one inch and fifty five hundredths. The thermometer has ranged from 66 to 90, averaging 78.
Savannah, Georgia,— We have had rain during the week
to the extt nt of thirty seven hundredths of an inch on two
days. Average thermometer 78, highest 93, lowest 66.
Augusta, rfroTyiu. — Rain has fallen on two days of tDe
week, the precipitation b^ing one inch and thirteen hundredths. The thermometer has averaged 76, thebignest being
89 and the lowest 59.
Stateburg, &outh Carolina.—Tae tempsrature has been
very favorable for all late crops and the rain beneficial.
It has rained on three days of the week, the precipitation
reaching ot,e icch and eeventv-two hundredths. The thermometer has ranged from 59 to 87, averaging 75.
Greenwood, South Carolina —There has been rain on three
days during the week, the rainfall reaching one iLch and
forty hundredths. Average thermometer 71, highest 83,
lowest 59.
Charleston, South Carolina. There has been rain on five
days of the week, the rainfall being eighty-five hundredths
of an inch. The thermometer has averaged 77, ranging from
—
Total.
N>rth Carolina.— Farmers are marketing freely.
past week, the precipitation reach
ing thirty-one hundredths of an inch. The tnermometer has
averaged 72, the highest being 84 and the lowest 57.
The following statement we nave aiso received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Oct. 2, 1902, and Oct. 8, 1901.
Oct. 2, '02.
Feet
New Orleans..itfemphls. ..„
MTashvllle
flhreveport
Vloksburg
40
64
46
Above *ero ot gauge.
Above zero or. gauge.
Above zero of gauge.
Above «ero of gange.
Above zero of gauge.
Oct.
3, '01
ten.
130
SO
5 4
38
io
4-8
10-5
Jote Butts, Bagging, Etc.— Daring the week under review there has been but a limited demand for jute bagging,
with prices, however, as last quoted, viz.: 6c. for \% lbs.
and 6%c. for 2 lbs., standard grades. Car-load lots of
standard brands are quoted at 6%(a6^c. f. o. b., according
to quality.
and 2@2^c.
Jute butts dull at 1>|@1% C
for bagging quality.
<
for paper quality
3,000
14,000
5,000
5,000
19,000
5,000
5,000
19,000
1,000
1,000
l.OuO
Great
Britain.
Continent.
Total.
Bombay—
1902
1901
1900
8.000
10,000
36,000
8,000
10,000
40,000
1,000
1,000
1,000
4.000
3,000
2,000
4.000
3,000
2,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
3,000
1,000
1,000
3,000
1,000
10,000
13,000
10,000
10.000
13,000
10,000
8,000
9,000
21.000
8.000
9,000
21,000
23.000
27.000
48,000
23,000
27,000
52,000
4,000
Calcutta—
1902
1P01
1900
Sartras-
1902
1901
1900
VI others—
1902
1^01
1900
C9tai all—
1902
1901
1900
1
4~6oo
AL.KXANDB1A RECEIPTS AND SHIPMENTS OP COTTON.—
Through arrangements we made with Messrs. Davis,
Benachi & Co., of Liverpool and Alexandria, we now
reoeive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding
week of the orevious two years.
Kgypl,
Alesft-'ti'-la.
October
1900
1901
1>»U2.
1
Receipts (tjaoTaro*)
Cma we«t.
'lore
6 1 500
287,000
200.000
3D 1. 000
«.*>;>t. t
fit*
Exports (bales) i.o Liverpool ..
ro <iOT»tlr>cnf
StT.cc
dep». 1.
13.000
4
I
Total Kuroi.v
OOO
90.000
1
17t>,000
Since
wee*.
19.000
17.000
Sept.
\
4000
fl.OOO
3,000
25 000
Mine a
oerk.
Sept. 1.
2.CO0
2,000
9,000
13 000
17,000 33,000 7,000 34.000 4 OOO 22.000
98 pounds.
Of whtoh to America in 1902, 2,013 bales; In 1901, 2,214 bales;
.
A oantar is
t
In 1900, 1,942 bales.
MAlTCBKSTEb v<a»KBT —Our report received by cable
t>-mght r -m iii»'<nni**r.er nt*tes that r,be> murfret is firm
for yarns » d quiet for shirtings.
The demand for both
yarn and ^oth ii improving.
<Ue tne prices for u.-day
below *u l6*ve ttioao tor ./revious weeks of this and last
7«;it foi comparison.
W
l
1902
32« Oop
Twist.
a.
Ag 23
d.
78,«t»8
UH
Bfitrt- Oott'n
3
common Mid.
:.«
Oop.
Twist.
Uplds
to finest.
8.
d.
B
Hs*7
8
5
2i«
*7
9
5'82 7li« **8
7l lfl >*8
51,
97
m
2U-97
8
4' 5 16 7
s
3
9
2^*7
9
9
Sept.^> 7*4 e»8i«
•'
12 7i«
8
" 19 7>4 »8Si a
» 2« 73, a i8»*
Oct. 3
5
7»ig«81«
lb*.
\ngs,
1901
s.
'I
'
d.
d.
d.
d.
Ifl
7*e
7
4-8t 7
ft
S 1$
vS^
«8
«8
8*4 lbs. Skirt- Oott'n
ings, common Mid.
to finest.
XJplds
8.
d.
5
4
5
5
4
4
3
5
5
a.
d,
d.
«?8
s;8
2
53 ss
2
«8
s
2
427 sa
419,„
»?8
3
8
3
*IS
l 1
*
i»a
4»4
Cotton Consumption and Overland Movement for
Month of September. —In consequence of the crowded condition of onr columns this week, we omit giving the usual
extensive details of the overland movement. Below, however, we present a synopsis for the month of September for
three years.
66 to 90.
Charlotte,
bet-n rain the
Sept. 1.
Binee September X.
Continent.
voe.tk.
87.
36 OOO
9,000
Sine*
Week.
Sept. 1.
Snporti
from—
1900.
Since
Week.
Sept. 1.
4,000
58.
We
reoeipta
cotton at Bombay and the shipments from all India porta
for the week ending Oct. 2, and for the season from Sept, 1
o Oct. 2 for three years have been as follows:
Mobile,
Montgomery, Alabama.— The weath-r has been perfect for
had rain on four days during the week,
picking.
the precipitation reaching forty-six hundredths of au inch.
The thermometer has averaged 75, the highest being 88 and
the lowest 58
Selma, Alabama. —There has been rain on two days of the
week, the precipitation reaching sixty-two hundredths of an
inch. The tnermometer has averaged 73, ranging from 56 to
LXXV.
if
—
There has
.
1902.
1901.
1900
32,<-»t5S
40,887
Gross overland for September. ...bales.
32,502
21,269
30.548
Net overland for Septem v>er
20.738
Port receipts lu September.
903,759 416,768 622,783
Exports In September
667,808 34.2,022 3 19,076
417,227
283.676 341,021
Port stocks on September 30
111,357
73.784
Vortnern spinners' taking in Sept'ber.
41,484
173,000 143.000 124,000
Southern consumption in September.
Overland to Canada ia September (In2,761
4,191
694
cluded in net overland)
170
4,409
Burnt North and South In September.,
8,36^
6.816
rttock at North'n Interior markets Sep. 30
6,623
701,037
897,521
1,269,307
Game In sight during September
3.997.416 9527,620
Came in sight balance season
10701453 10425141
Total crop
511-45
50815
506.40
Average weight of bales
.
—The firm of Walter T. Miller & Co. was dissolved by
mutual consent on September 30, Mr. Walter T. Miller reMr. Miller informs us that he has not retired from
tiring.
business entirely, only from the cotton-brokerage business.
:.
1
.
.
October
THE 0HKON1CLE.
1903. s
4,
The Agricultural Department's Report for October
New York— ( Concluded )—
1.
on cotton for
The Agricultural Department's report
Sept. 25 was issued on Ojt. 3 as follows:
747
The monthly report of the Statistician of the Department of Agrloultura shows the avera«e condition of ootton on Sept. 25 to have been
58-3 percent. ascnnp»red with 61 per oent on Au*. 26. 61 4 per cent
on Sent 25 1901, 6" per cent on Oct. 1, 1900, and a ten-year average
of 689 per oent. While the decline during September ranges all the
in North Carolina and 15 In
wav from 2 points In Alabama to 12falls
to report some detertora
Oklahoma only one State-Missouri—
condition
In Texas is fu.ly sustained
The' low estimate of the
tlon
by a large amount of collateral and Independent testimony In the
possession of the Department, for which it Is Indebted to officials of
railroads and oil mills, and to other persons whose occupations *lve
them speolal facilities for making a trustworthy estimate of the
situation.
Total bale*.
6,659
To Bremen— Sept 27 -8teamer Norman Isles, 6,659
251
To Antwerp— Sept. 30— Steamer Garrlok, 251
Steamers
Degama,
60
Easby
Sept.
30—
j;
Rotterdam—
To
1,500
Abbey.900
200
To Copenhagen -Sept. 26-Steamer Afghanistan. 2 »0
To Barcelona -Sept. 29— Steamer Conde Wllfredo, 5,450
12,025
.. .Oct 2— Steamer Argentine 6.575
3,000
To Genoa— Sept. 80— Steamer Vinoenzo Bonanno, 3,000
50
To Vera Oruz- Sept. S 6- Steamer H igln. fiO
Galveston—To Liverpool— Sept. 29 -Steamer Darlen, 5,342
Steamerjlrada, 18,554
....8ept.30
23,896
..
8,484
To Manchester— Sept. 27— Steamer Telesfora. 8,484
Sept. 27—
To Havre— Sept. 26— Steamer Kengali, 6,363
Montgomery.
...033...
8,863;
Sanderwon,
18,259
Steamers John
To Bremen— Sept 29- Steamers Barendreoht, 4,810; Lord
Steamer
Manchester
4,v90
30—
CorSept.
Ormonde,
.
20,597
poration, 11,497
The averages
of condition in the different States are as
follows
76
52 Tennessee
63 Missouri
73
64 Oklahoma
61
Louisiana
tf*
47 Indian Territory.. 65
62 Texas
68
63 Arkansas
Florida
the condition,
comparison
for
have
may
That the reader
accordiDg to the Agricultural Department, for October 1
for a series of years, we give the following, collated from its
Virginia
North Carolina.
South Carolina
Georgia
—
Alabama.
73
68
Mississippi
reports:
o
States.
o
©
03
o
35
TO
05
CO
OS
o>
CO
~
t01
CO
<*
05
ou
<a
05
05
CO
CO
M
IN
05
CO
05
CO
iH
05
CO
,
To Hamburg— Sept 29— Steamer ord Ormonde, 28 i
To Rotterdam— Sept. 26— Steamer Benga i.iOO.. .Sept. 27 —
Sept. 29— Steamer MontSteamer Tulloohmoor, 991
i
gomery. 500
To Copenhagen -Oct. 1— steamer Patria, 683
To Antwerp -Sept. 26- Steamers Balmoral. 4,025; Nepcuno,
Sept 29- Steamer Middlenam Castle. 3.207
l,8-(0
Mobile— To Liverpool -Sept. 29— Steamer Banan, 4,151
PBM8A0OLA— To Manchester— Sept. 27— Steamer Manchester
283
1,591
683
9,112
4,151
4,975
Inventor. 4.975
To Antwerp— Oot. 2— Steamer Sanna, 550
Savannah -To Havre— Sept. 30 -Steamer Lu*tieigh. 5,350
To Bremen— Sept. 27— Steamer Huelva, 5, 491... Sept. 30—
550
5,350
Steamers Battersea Bridge, 10,300; Ban«tteld. ^.226;
Oot. 1— Steamer Inverness, 8,663.... 35,700
Lusrleigh. 2.02O
1,200
To Amsterdara-Oot. l-8termer Zaobrlng. 1,200
300
To Warberg— Oot. 1— Steamer Inverness. 800
To St. Petersburg -Sept. 30 -Steamer Bactereea Bridge,
2.6oO
Oot. — Steamer Inverness, 200
2,800
3C0
To Reval— sept. 30-Steamer Battersea Bridge, SOO
200
To Malmo— Sept. 20— Steamer Batterse* Bridge. 200
rtKiNSWicK—To Liverpool— Sept.30—8tr. Brautwood, 1,131... 1,131
5,897
To Manchester— Sept. 30— Steamer Brant woon. 5,897
CHARLhSTON— To Llvei pool- Sept. 30— Steamer Castleventry,
9,300
9.300
10,800
To Bremen—Sept. 29— Steamer Hesleyeide, 10,800
7,050
To Barcelona- Sept. 30 Steamer Homewood, 7,O->0..
Wilmington— To Bremen— Sept. 27— Steamer Vauxball Bridge,
29—
Steamer
Gladestry,
11, "00. ...Sept.
7,672
Sept. 30
-Steamer Haxby, ll.s^4
30,826
26
-Steamer
Oriana
Liverpool—
Sept.
(addiTo
Norfolk—
8ept. 30— 8teamer Castuno, 1,500
tional), 2,198
3,698
Boston -To Liverpool— Sept. 23— Steamer Victorian. l.ftOO
Sept. 21— Steamer NbW England. 11.. 8e5t. 29- Steamer
Saxonia, 1 003
2,514
400
To Genoa-sept. 26-meamer Cauibrowan, 400
Baltimore -To Liverpool r-ept. 2tf -Str. Rowanmore, 5,031.. 5,031
To Bremen— Sept. -10— Steamer Neokar, 3
350
Philadelphia— To Liverpool Sept. 2 '— Str. Belganland, 1,200
Sect. 2«- Steamer Noordland. ',372
2,572
To Hamburg— Sept. 26— Steamer Aroaola. 5
5
s»w PraNOIsoo— To Japan—Sept. 27—Steamer Dorlc.5800.....
800
Portland, Ore.— Sept. 27— Steamer Indrapura, 200
200
'.
73
«8
68
62
68
Virginia
No. Carolina
So. Carolina
73
63
67
73
6*
65
66
72
71
64
5"
61
61
65
57
67
63
62
56
66
78
65
64
68
77
79
Average... 59-3 61-4
670
Georgia
.
. .
Florida
Alabama
52
63
6*
47
6S
76
73
.
.
Mississippi..
Louisiana....
Texas
Arkansas
Tennessee
.
.
.
.
Missouri
Indian Ter..
Oklahoma
.
51
51
60
61
58
78
89
93
71
7V
64
6«
81
74
70
76
73
64
72
84
70
79
79
72
84
80
89
88
79
79
90
76
62
76
b»
70
Vft
84
76
73
63
6*
72
74
76
74
71
65
71
71
77
74
74
85
90
67
67
66
61
60
61
57
53
69
79
64
69
72
70
72
78
754 700
60-7
651
70
76
66
62
64
79
70
69
68
56
53
76
79
75
66
76
72
67
73
84
66
74
46
60
93
93
7«
75
67
65
62-4
84
74
72
64
6/
1
64
58
72
70
85
59
75
82-7 70-7
Government Weekly Cotton Report.— Last
"9
78
76
75
'.0
...
....
733
75-7
of the Sea-
son.— Mr. James berry, Chief of the Climate and Crop
Divsiou of tne U. S. Weather Bureau, made public on
Tuesday the telegraphic reports on th« crops in the Southern
States for the week ending Sept. 29. Tbe reports on cotton
are suniunrizvd by the Depaitment as follows:
Repoits of irjury from the raio to open cotton are very general
throughout, lhe De t, with the exception or the Oarolinas and portions
of Texas, and sprouting and rotting in bulls are largely reported, es
peolaily in the central districts. Picking, though much interrupted,
fswell advanced, and is nearlng completion in some districts. Late
ootton in Central aud Northern Texas is making rapid growth, but will
not mature unless frosts are unusually late, and under these conditions a light too oroo may be gathered in Alabama. A flue crop of
Sea Is and ootton Is promised in South Carolina.
—Mr. Jacob R'chards Dodge, former
statistician cf the
DepartmeLt of Agriculture, died suddenly on October 1 of
heart failure at Wobnrn, Mass.' Mr. Dodge was born at New
Boston, New Hampshire, September 28, 1823.
The Following are the Gross Receipts of Cotton
at
New
York, Boston, Philadelphia and Baltimore for the past
week, and since Sept. 1, 1902.
New York.
Receipt*
from—
Sept.
2.878
N. Orleans...
Texas
Since
This
week.
—
1.
Thu
Since
week.
Sept. 1.
This
week.
Since
Sept. 1.
BALTIMORE.
This
week.
Since
Sept. 1.
10.184
4,833
25,938
Florida
So. Carolina
No. Carolina
Virginia
North, porta
Tenn., Ac.
170
505
170
1
4,115
.
year....
6,619
20,842
900
202
7
60
23,080
108.1S7
6,626
20.892
156
896
128
•L241
67.778
10,476
19,550
315
J, 70/
8,905
— As
156
89t
128
To Bremen, per steamer Bremen, 400
To Antwerp, per steamer St. George, 521
To Genoa, per steamers Calabria, 500
To Naples, per steamers i,ahn, 200
Palatla. 300
To Piraeus, per steamer Sicllia, 2t0
N«w Orleans To Liverpool Sept. 29— Str. Logician. 10,080
4....C.
Hamburg
e.
9
Ghent
Antwerp.
13,853
4,310
500
281
400
521
Lahn, 500
Palatla. 1,049
Havre. Oct.
679
Total bales.
Liverpool, per steamers Canadian, 3,210
Georelc. 1,100
To H'Ul, per steamer Colorado, R00
To Havre, ptr steamers La Savole, 250
Rio Negro
(additional), 31
c.
e.
ft?
2,549
f 00
200
0— Steamer Manhattan, 10,626. ..Oct. 2— Steamer
Nlcaraguan, 3.900
24,606
,
To London— Sept. 27- Steamer Colombian, 1,810
1,810
To Dublin— Sept. 80-Steamera Glenarm Head, 1,500; Torr
Head. 2 000
3,500
To Havre- Sept. 30 -Steamers Mount Temple, 13,80.9;
20,309
Werneth Hall, 6,500
Satur.
Hon.
7W*.
15
15
15
..e.
M an Chester
Bremen
shown on
New York— To
;
50
106,375 44.199 105,920 10.908 25,724
1,060 302,176
Exports to Japan since Sept. 1 have been 8,892 bales from
the Pacific Coast.
Ootton freights at New York the past week have been
Liverpool
817
6.7; 3
a previous page, the
•sports of iotton from the United States the past weeb have
reached 802 176 oales. The shipments In detail, as made up
from mall and telegraphic returns, are as follows:
...Sept.
* *«
as follows.
17,255
Shipping hews.
.302,176
of the foregoing shipments for the week
arranged in >nr usual form, are as follows.
Great Wrench Qcr- ^oth.JS'ropc— Mexico,
Brit'n. port*, many. North. South,
de. Japan. Total.
281
400
521 3,249
9,261
New York. 4,810
50
73,910
N. Orleans 29.916 20,309 6,659 1,95115,025
Galveston. 82,380 18,259 20,880 11,386
82,905
1 1D
Mobile
•••B
4,151
*50
5,525
Pensaoola. 4,975
->avannab
5.350 36,000 4,500
45.850
Brunswick 7.028
7,028
10,8oO
Oharlesi on 9,300
7,050
27,150
Wllmlngt'n
30,826
30,826
3.89S
Norfolk ... 3,698
-M'jn ...
400
2,614
2.914
350
Baltimore. 6/ 81
5.381
Phil'deln'a
2,572
5
2,577
San Fran
800
800
200
Portl'd.Or.
2C0
Total.
The particulars
Total
41,737
Savann'h Ac
Last
PHILADELPHIA.
Boston.
-
15
15
15920
24
18
28
SO
,40
24
30
40
24
13
28
30
40
30
30
30
30
45*50
45950
45'»5l>
„.c. 22«fl 27l« 22
c.
(via Suez).c.
15
15
24
18
28
30
86
Beval, indirect.. c.
Reval, via Canal.e.
Barcelona
c.
Japan
15
15
15
15
Fri.
15
12»fl-15 12V.-15 12V2-15
15919
15920
c.
Genoa
15
12%-15 12i«-15 12*«-15
c
Trieste
Wtduea. Thure.
15
15
15
15
15920 15920 15920 15920
18
28
V 27*4 22»s-27'* 22>s-27
24
18
28
30
40
24
18
28
30
40
a 22ts-27Js22i2-27i«
1
30
30
459^0 40945 40945
Quotations are cents per 100 lba.
Liverpool.— By cable from Liverpool we have the followIng statement of the week's cables, stocks. &c, at that port.
Sept. 12.
3sles of the
week
..bales.
Of which exporters took...
Of which speculator 8 took.
sales American
Actual export.........
forwarded
Total stock— Estimated
...
Of which American— Est'd.
rotal import of the week
Of which American.........
Amount
afloat
Of whioh American.........
53,000
40C
2,500
44,000
8,000
44,000
338,000
271,000
13.000
10,000
46,000
40.000
Sept.
19
47.000
4,300
Sept. 26.
46.000
4,090
52T0OO
3,000
3^.000
7,000
56,000
270,000
216,000
27,000
19,000
91,000
85,000
42,000
8,000
51,000
258,000
211,000
46,000
42,000
169,000
154,000
300
39,000
6,000
51,000
305,000
2*8,000
24.000
23,000
£4000
56,000
Oct. 3.
1,000
—
.
THE CHRONICLE.
748
'She cone of the Liverpool market (or spots and futures
each day of the week ending Oct. 8 and the daily dosing
prices of spot ootton, have been as follows.
Spot.
Sat'day.
Market, /
18:80 p. M.ij
inquiry.
Qood
Quiet.
Qnlet.
Qnlet.
Qood
demand.
demand.
415 18
4i5 ia
415i«
4-88
486
4-84
5,000
7,000
5,000
500
500
500
Speo. Aezp.
12.000
1,000
12,000
1.000
10.000
500
was
Wuturet.
Market
l
epened.
\
4 pm.
\
S
Qnlet at
Steady at Qnlet at
1-64 decline.
8-64 ad-
vance.
64 0264
decline.
1
Qnlet
at
partially
1 pt. dec.
Qniet at
1@2
Steady at
pts.
decline.
Br'ly st'dy
Quiet at Very st'dy Steady at
at
1 pt
2K-s« pts. l@l« pte. U*i>a Pts. l Qu'et
pt.
adv.
advance id vanop. advance.
advance
niMh oorn t. o. b
Oct. delivery In elev
Dee. delivery in elev.....
May delivery in elev.....
Easy at
pts
decline
after Wednesday, October I Liverpool quotations in
hundredth parts of a penny per lb. instead of sixty-fourth parts.
The discount of 1% per cent heretofore allowed is abolished This
latter change lowers quotations approximately 4 to 5-64d or about
7-I1O per lb.. beiDg the equivalent of the discount no longer given, ihe
net value thus remaining unaltered. The weight of American cotton
is
now
Sat.
27
To e».
IQon.
29
30
Sept.
Wed.
Tknri.
oet. l
3
Oct.
d.
d.
d
d
4 53 4 54 4 54 4
Sept. -Oct ... 4 4b 4 47 4 48 4
OoV.Nov.... 4 42 4 42 4 43 4
Nov.-Dec. .. 4 41 4 41 4 4 l 4
4 40 4 40 441 4
Dee.- Jan
d.
d.
55 4 53
Jan.-Feb
44 4 4
42 4 40
41 4 39
41 4 39
40 4 38
40 4 34
40 4 34
40 4 38
Feb.-Moh
..
48 4
4 39 4 40 4 41 4
4 33 4 89 4 40 4
Moh.-Aprll.. 4 39 4 39 4 40 4
4 39 4 40 4
April-May.. 4
May- June.. 4 39 4 39 4 40 4
:-9
4-i
d.
d.
4 50 4 69
d.
d.
471 i 69 4 69
4 45 4 62 4 64 4 63
4 43 4 59 461 461
4 43 4 58 4€0 4 60
4 42 4 67 4 59 4 59
4 42 4 57 4 59 4 58
4 41 4 56 4 58 4 5S
67 4 64
4 64 4 62 4 60
4 62 1 6u 4 58
4 61 4 59 4 57
4
4
4
4 41 4 56 4 58 4 57 4
4
4
41 4 56 4 68 4 57 4
60
59
59
58
58
4 59
1
41%
delivery In elev
41%
41%
T*urt.
70
66%
67
54
47
47%
55%
48%
42%
4 58 4 56
4 58 4 56
4 57 4 55
4 57 4 55
31%
32%
30%
31%
Wed.
Thurt.
fri.
33
35
83%
33
35
IN
Wed
30%
thurt. Srt.
BREADSTUFFS.
Friday, Oct. 3, 1902.
Following an advance in the market for the grain there
has been a firmer market for wheat flour. Sellers have been
stronger in their views and have held for higher prices,
especially for spring-wheat fljurs. Buyers, however, have
been slow in placirjg orders, as af >er their recent free purchases they have their requirements for the present fairly
well protected, and have shown a disposition to pursue a
waiting policy. City mills have been firm but quiet. Rye
flour has had a moderate jobbing sale at steady prices.
Buckwheat flour has sold at $2 60 for spot supplies, with
buyers at f 2 25 for delivery later in the month. Corn meal
has been in moderate demand and firm.
Specula'ion in wheat for future delivery has been fairly
Eirly in the week interest was centered in the
active.
squeeze of snorts in September contracts in the Chicago
market, and on their efforts to cover, prices were steadily ad
vanced to 95c, at which figure the month went out, la the
meantime, however, the tendency of prices for the more distant deliveries was towards a lower basis, influenced by
bearish statistical developments. The world's exports for the
previous week snowed a large to al and were it fleeted in a
considerable in cnase in the amount of wheat on passage to
Europe. The United States visible supply also showed asubstantial gain for the week. On Wednesday, however,the marker,
turned stronger; the removal of the menace of the speculative
deal in September contracts had a favorable influence. The
buying by commission houses was on a more extensive scale.
European cable advices reported steadier foreign marketr,
weather conditions in the West were reported unsettled and
unfavorable for a full crop movement, and these factors re
suited in a moderate up-turn to values. Business in the spot
markets here and at outports has been quiet, only a very
moderate demand being reported from expeorters; prices
have followed futures. To day the market was fairly active
and firmer with the corn market. Business in the spot market was more active and prices advanced.
YORK.
DAILY GLOBING PRIOES OF HO. 2 BSD WHITER WHEAT 15
Cash wheat
f. O. b
Dee. delivery In elev
May
_ 74k
delivery In elev
73%
74%
Mon.
73%
73%
74*4
lues.
Wed.
Thurt.
73%
74%
74%
74*8
76
74%
73*8
743s
74%
-
Fri.
75
74%
75%
DAILY CLOSING PRIOES OF NO. 2 SPRING WHEAT IN CHICAGO.
Sat.
Mon.
Tues.
Wed.
Thurt.
Fn.
86%
87 7e
95
Bept. delivery in elev
68>«
68%
69
Oot delivery In elev
69%
69%
70%
70
70
70%
70%
70%
69%
May delivery In elev
Indian corn futures received only a moderate amount of
attention dming the firstliall of the week aud only fractional
changes occuired in prices. As expected, the visible supply
statement shewed a moderate increase in stocks, being the
Deo. delivery In elev
69%
68%
68%
crop movement noted last week. On
Wednesday, however, the trading became active, and prices
effect of the fairly full
32%
32%
33%
30%
31%
32%
30%
31%
37
CHICAGO
%
3
32%
Following are the closing quotations
FLOUR
Patent, winter
$2 60 ©2 65
93 50 ©3
2 75 ©2 80
City mills, patent
4 20 ©4
©2 85
Rye flour, superfine 8 10 ©3
.... 2 75
2 90 ©8 20
Buckwheat floor.. 2 25 92
llears..... ,*..,„...,,». 3 10 ©3 35
Oorn mealStraight*......^... 3 35 ©3 80
Western, etc
etc..... 8 30 ©3
"atent, spring
Brandywine ....
3 85 ©4 65
3 40
(Wheat floov la caoks sells at prioes below those tor barrels
fine..... ..........
Superfine ....
Ixtra, No. %. .
Cxtra,
Kai,^
Sal.
48%
SBW YORK.
Oot. delivery In elev
i>eo. delivery In elev
May delivery In elev
5'
NEW
Pri
70
65%
53%
42%
DAILY CLOSING PRICES Of OATS IN
Sat.
Mon. Tues.
tfo. 1 mixed in elev
33
33
32%
«o. 2 white in elev
84
34
31
DAILY CLOSING PRIOES OF NO 2 MTXBD OATS
Sat.
Mon.
Tues.
d.
d.
51%
46%
receipts.
12i* 4 12% 4 12i* 4
12i« 4
121* 4
12**
1
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
September
Wed.
68 %
Oats for future delivery at the Western market have been
fairly active.
Early in the week, under a fair increase in the
visible supply and a moderate crop movement, prices declined. During the second half of the week, however, the
market was firmer, the advance in prices for other grains
having a strengthening influence, as had also unfavorable
weather reports from the West. Locally the spot market
has been fairly active, and during the latter part of the week
prices advanced, To day the market was higher on smaller
.Vri
2
Oct.
51Ss
46
NEW YORK.
IH
.
May
4rf,0o0 lbs.
Sept.
68%
64%
51%
46%
MIXED OORN
Mon.
Tues.
68
68%
64
DAILY CLOSING PRIOES OF NO 2 MIXED CORN IN CHICAGO.
Sat.
Mon.
Tues.
Wed. Thurt.
Fri.
Oct. delivery in elev
59
68%
60
Deo. delivery In elev
4 5%
45%
45%
47%
48%
49%
The prices of futures at Liverpool for each day are j/Jven
below, Prioes are on the basis of Uplands. Good Ordinary
clause, unless otherwise stated.
Beginning with October 1
prices are stated in pence and lOOths of a penny.
KW" The prices sinte October 1 are given in pence and 100th. Thus:
4 71 means 47iiood.
Sept.
!
Bat.
SNote.— On and
contract in Liverpool
firm.
DAILY CLOSING PRIOES OP NO.
3 pts.
deoline.
3(3>6
LXXV.
[Vol.
advanced sharply. Reports from the principal corn-producing States were of an unfavorable character. The movement of the crop was being retarded by the continued wet
weather, which was interfering seriously with the curing of
the new crop,-com plaints being numerous of the low quality
of new corn.
Thursday the upward tendency to prices continued, the movement of the crop was reported as decreasing,
the weather reports were unfavorable, and the quality of the
orop was reported low. Business in the spot market has
been quiet, but during the latter part of the week prices advanced with futures. To-day the market was firm and
higher on continued unfavorable weather. The spot market
Monday. Tuesday. Wed'day. Tkursd'y Friday.
Small
ttld.Upl'ds.
Marbet.
.
Vheat. per boan
—
HardDuL.Nj
1..
GRAIN
o
o.
f.o. b. 81%
f.o. b.79%
BPtnem Dal., No.l
Red winter. No. 2 f. o. b.75
Hard No. 2
f. o. b.77%
ate— Mix' d, p. bush. 33%»3i%
87 ©38
White
33 ©34%
No. 2 mixed
Corn, per bush
—
e.
75
65
60
40
35
e
68% 970
Western mixed
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush—
f.
o.
o.
b.70
b.70%
to. b.70%
f.
We
Western......
51%©54
54% v55
50% -»64
Feeding
42 ©45
Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
35%»33
No. 2 white
State and Jersey
Farley— West
Sept. 29 as follows:
Weather.— As a whole the week was very wet in the distriots east
of the Kooky Mountain-*, with temperatures generally above n -ruial,
except over the middle Rocky Mountain slope, where ir. was moderately cool. Whim the exc -Helve rains Interrupted farm work aud delayed tiie ma'urlDg of lare crops, they proved favorable for germination of fall nown grain and piaoed the soil In flue condition for plowlug and seeding
No damage resulted from frosts, which were
confined *'> the Central and Northern Rocky-Mountain distriots and
extreme NorfL Paclilo coast regions. The general conditions on the
Paolfiu coast wero favorable, although rain is needed in Eastern
OregoD.
Corn.—The weather has been very unfavorable for maturing late
corn in the ce t al valley* ani Lake region, especially over the
nonhern portion of thee di-triots, aid the reports indicate that corn
In shook has been considerably damaged by dampness anil mold over
a wide area, and that much of the crop in the upper Lake region and
Missouri Valley will not be marketable.
The movement of breadstuff s to market as indicated in the
statements below is prepared by us from figures collected
The reoelpts at
>y the New York Produce Exohange.
Western lake and river ports for the week ending Sept. 27,
tnd sinoe Aug. 1, for eaoh of the last three years have been:
Receipts at —
Fiour.
Ulwaakea
106,00
math
150,500
(inneapolla.
'oiedo..
1 \60(>
..
16.861
....
40 625
»r»laiK'.
Lout*
17,050
isntai Oitr?ot.wk.l0O8
~497.482
tail* wk.'Ol.
«m« wk.'OO.
514,230
484,511
Bine* 4u0.
1008
1091
lt>no
Corn.
OaU.
Barley.
Bye.
Bbls.iMlba Bush.60lb) Bush 56 lbs Bush.32 lbs Bush AH lbs Bu.56 lbs.
146,061
617.117
160,880
1,227 14* 2.166,823
1,916,703
maago.
it.
Wheat.
2«9.600
16,150
2,95*,>-Si
188,501
86 760
2.279,830
87,490
862,000
'.73 i
101,900
31,8-5
e8,805
8.4-5
184.471
142.000
133.-01
217.8C0
•109
60,0 .0
2 4.000
148.800
866,600
94,400
176,400
8.981,092
8.5 26,629
::,015 821
8,606,401
0,^7.812
4,024,02)
13
7'
162
8J
608.800
476,013
660,000
46,407
109.018
80.063
23,350
114.80"
76.000
40.000
71,186
8,867, -01
2,371, S20
2,00 ,86 J
1,4 -5,811
8.270,007
1,795,769
461.348
313,884
140,814
875
21.7 JO
i
8,844.456
8,8»i,:iie
8,»04 6 S
66.876,158 14.877.78;> 48,160.667
67,891,893 26.lf3.845 81,566,672
fl.SD71.66B 80.788.600 40 vxt 72;
7,'-2
1,434
2.6:18,481
O.SIH.'jIO
8.200.847
6,H-lf>41\
044 OK*
:
.
October
THE CHKONICLE.
4, 1903.]
The receipts of flour and grain at the seaboard
the wees ended Sept. 27, 1908, follow:
WhtAt,
Hour,
MHtipU ««-
?6,0<9
33.071
Bolton
101169
i£L,
».«W
MUadalp^a
n
Baltimore
Blahmond.....
H«w Orl«an.»Hawport New*.
fl360
8311,391
801.*' 1
81.800
16.671
1»*.«65
88.9-'6
M0
3,64*
34.000
38,571
•;o
ports fo»
flarlf*
£*•.
•uia.
31.500
buth.
87.275
45.985
62,fli '2
8*8.000
294 601
S,fl3«
814.000
119,000
10.400
80.077
0*tl.
PS1.676
354,497
17B.W7
Montreal...
Corn,
buid.
buth.
bblt
liwfort
:
POi
15*, 896
'
iee,6»3
103,067
18.170
72,880
l.«0«
107.6S3
3,93
<;
5<5,<ioO
Norfolk..
67b,960
»alTt»ton..
Portland. Ma.
......
MobUa
J.0»?
21*187
S8,r86
S.995
249,997
1.645,3-8
iss.oob
588 880
Total waak.
1.509
8,992.078
77.425
284,198
173.8; 3
82 4.5
404.S15 3 6*1. 766 1.205.741 1.475,375
Waik 1901.. •••
Total re<3elpts at ports from Jan. 1 to Sept. 27 compare as
follows for four years:
IMS.
Rtctivtt of-
M>1». 15.341,000
noST!/./.
.boak
Wheat...
Corn
Oett
Barley...
aye.
"
Total Brain
1900.
16.987.067
1901.
16,344,695
1890.
15.748.770
Export* from
- buth.
598.TU
Bofton
150,6^5
rortiand. Me. 814.137
Pkliadeipkla.. 2S6,ieo
Baltimore
BewOrleani..
WorfOlk
Other European.. ...........
476
Jhlna.... ...................
161.870.434
288.309.030
876,003.385
0,0B7.537
4,630.151
8.095.794
317.865.837
but*.
bhli.
46,281
8.846
87,304
35.936
600
119,000
48*207
782.UO0
P**t,
Bart*
huih.
bu«>
but*.
1,600
8.399 364
97,093
84,976
7,500
....
608.688
350,934
42.867
5.153
24,976
38,081
89.338
17,524
Same time '01. 8.445,140 686 388 351.506 378.613
The destination of these exports for the week and sine
July 1, 1901, Is as below:
-Wheat.
-yiow.Week Btnce July
Week Sine* July
Mxvortt for
Sept. 87.
1, 1W02,
W0*k «n4 since Sept. 27. 1, 1908.
bush.
bu»h.
bbl$.
bblt.
Sept. 1 to1.839,169 22,0*0 5'9
Onlted Kingdom 847,948 2.699.721
610.968
1,458.786 18884,201
66 385
Continent.
.
B C. America.
Br. N.Am Colo'i
9.
is,7«9
860,215
West Indie*
16-64
298
5,335
Week
Corn,
Since July
Sept. 27.
hu«*i.
S8.S71
41 ,700
3.494
4.774
5.9»0
8,148
46.H81
"'l.606
6840
807 537
283, L81
1,907
860,934
361.508
3,997.882
4,156.877
Otker oonntriei
Total
Total 1800-01....
1,400
75-0
3,299,354
3.445.140
41,204 890
57.027.880
1.
19.2.
b\Uh.
263 102
814
3
80 957
189,746
70,(41
45,796
97,098
819 735
086,833 18.067.fc66
The visible supply of grain, comprising the stooas
granary at the principal points of accumulation at lake am
seaboard ports, Sept. 27, 1902, was aa follows:
Corn,
tieti,
Whft,
flcriii
'
in iter i at—
uth.
1.819.00c
Raw York
Do afloat
598.00C
rstiooo
928,"0C
83u.doc
Boiton.
Philadelphia
Baltimore
Ben Orieani
SalTeeton
Montreal
foronto.M
7,"n"oo
1.0C0
8,0 Oo
buth.
1,642.000
burV.
Do
9.00C
29,000
103,000
216.00b
481,00'
6,000
211,000
14,000
74,000
24.000
972,000
26,00!)
201,000
818.000
333,0*00
1,095,000
140,000
1,857.000
Mexico
473.00c
Do afloat
Cftieago
Do afloat
Milwaukee
afloat
Do
Do
1m>77
212,965
11,903
207,782
........ ...... ...-„
South America
othe r Oonntriei. ....
.— —
1,048
——
..
The value of the New York exports since Jan. 1 to date
has been |9,887,510 in 1902, against $9,110,612 in 1901.
The demand for heavy brown sheetings and drills has been
moderate from jobbers and quiet on the part of the converting trade, but the purchases made have been at full prices.
Export business has been limited. There is no change
in t he market for ducks or for brown osnaburgs. Bleached
muslins are firm, with an average request. Bleaohed camWide sheetings show no change in
brics scarce and firm.
feature, nor do cotton flannels or blankets. Denims have
been in fair demand at previous prices. Ticks steady with
moderate sales. Plaids, cheviots and other coarse, colored
cottous are unaltered. Kid- finished cambrics firm but quiet.
Fancy calicoes are quiet, but there is a fair demand for staple lines, with prices steadily maintained throughout. Percales are steady. Printed flannelettes are firm and well sold
up. Fine printed specialties are well sold for spring, Business in t-taple ginghams is restricted by small supplies on
hand. Fine grade ginghams also scarce. There is no demand for regular print cloths and prices unchanged at 3o.
Wide goods are firm in price with a fair business doing.
Foreign Dry Goods.— Fine grades of lfght weight dress
goods are in fair demand and firm. A moderate business is
reported in silks and ribbons at firm prices. Linens are
quietly firm. Burlaps unchanged here, but foreign markets
advancing.
Importations and Warebous* Withdrawals ol Dry Ctooda
'77,000
"
1,000
to ISiiifi
O
»
9
7,000
27t,bjJ
103,000
1,593.000
1,058,000
168,00?
62.000
" 0,000
'es.obo
11,000
°:
o!
"8.000
9
®:
a
m
a:
S
!
a
I:
to
2
»2
Sf
sf
**-
I si
Si
:
i
102,000
«s;
•
o
m
M
s
•
$
©
•
i |3
r3 E-
1.000
849,000
lio.o'o.:
742,000
1.30«.ooe
4.199.00U
2.000
11,000
8/7.010
72,000
61,00"
44,000
331.00C
1,116.000
730,000
"s.ooc
m
.
afloat
Minneapolis
St.Lonli
Do
88
447
350
16
532
63
447
33
4,40l,roo
n.Wlll'm4Pt,Artnnr l.KO.OOO
1,483,00c
Dnlnth
—
Central America.
afloat
Batrolt.
916
949
70
100
8,061
17.773
1,742
7,267
39.228
10,365
••
West Indies
6.000
"66,000
afloat
Toledo
reom
Udlanapolli
On Mitilsiippi RlTer
OnLakei
On eanal and rirer.
.
647.000
85,000
36.000
8.037,000
650,000
708,000
83,000
Sept. 27. 1903.. 24.842.000
Sept. 20 LU08.. 28,688.000
Sept 28. 1901.. 25.304,000
Sept. 29, 1900. 56.4u9.000
Sept. 30, 1399.. 42,132.000
3,048,000
3,431.000
13,489,000
7.492,000
12,490.000
'
67.000
898,000
17,000
'
26,000
111,000
7,738.000
0,714.000
8,978,000
11 426.000
7.388,000
14
68,000
1.C00
'ib',0'0
07,000
990.000
971,000
1,7!5.000
929,000
709,000
CO
00
oi
827,000
131,000
1,718,000
1,191.000
1,875.000
1,464.000
1 ,441.000
p
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York. Fbidat, P. M., Oct. 3, 1902.
During the month of September the market did not show
any movement deserving to be called active, but at the close
sellers in most directions reported a better business than
during the corresponding month last year ana full enough to
keep stocks on hand in good shape. The week's business has
been of about average extent, although interfered with by
indifferent weather and Jewish holidays. There is growing
evidence that buyers are but moderately supplied with merchandise, and that if still unwilling to purchase ahead to any
extent, accruing requirements are sufficient to keep them
steadily in the market for daily supplies. Sellers do not
show ary change in disposition. There is no effort noticeable in any direction to force business, and an unyielding dis-
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position causes some restriction of actual buying. This is
seen m( re particularly in connection with the export demand, bids for heavy brown cotton goods in fair quantities
having been turned down at a blight margin between bid and
Woolen Goods. There has been a small attendance of
buyers in the maiket this week, and only a limited amount
of business has teen done in the aggregate. Buyers have
;
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THE DRY GOODS TRADE.
M~
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CO
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© OS MMOOOi
afloat
KauaiClty
Total
Total
Total
Total
Total
29,000
M3.000
Buffalo
Do
buth.
92.270
17,544
16,236
3.710
1,093
79,350
5,071
35,661
7,640
17,697
1,505
5,470
42,731
7,854
"803
Total.
3,995
3,035
4,461
125.100
Quebec
80,070
19
3,190
1,040
4,773
.....
«•>*»
.. .... ...
»•••
_
\f rloa
1,618
"2.600
80,077
11,294
88,671
fla.re%DlBl« •*«>• •«••»•
61
1,569
910
__
India
Week. Since Jan. 1
X.
8,630
....
Mobile
Tetalwaek
Rt*.
34.767
183.103
140,07*
38,988
169,750
48.937
89,514
12.337
....
3,494
Oatt.
Oat$,
buth.
flour.
65
3
...
88,f8!767
I80008
tJalTetton....
Fee*. Since Jan.
9re»t Britain
144, 20 917
73,3>-4
1901.
Sept. 29
74,001,948
60000
Hewn'rtNewi
1902.
Yobs to
STbw
183 341 922
69 494 .0^
8,086,630
463 433
Montreal
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Sept. 29 were 3,077
packages, valued at $171,553, their destination being to the
points specified in the tables below
133 578.885
95,186 373
58,016,860
8.4-3.516
2.994.463
96280,688
Corn,
BewTork
round of purchases in all descriptions of
men's- wear woolen and worsted fabrics for spring, and little
has come forward outside of a few piecing out orders. The
tone of the market is firm for staple woolens and worsteds
and for the general run of fancies. In fancy worsteds there
is more irregularity than in other divisions of the market.
Kerseys continue in request for both overcoating and cloaking purposes; otherwise both overcoa'ings and cloakings are
quiet. There is a fair demand for spring lines of woolen
and worsted dress fabrics, with a steady market generally.
finished their first
18.022.619
37,917,928
l.f 91.070
8.C58 245
The exports from the several seaboard ports for the week
ending Sept. 27, 1902, are shown In the annexed statement
Whttt,
749
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:
THE CHRONICLE.
750
STATE fcW OlTY BEfttBTMSNT.
he
C^faronijCi
of Subscription— Payable in
Page.
Location.
^94.. Cleveland. Ohio
694.. Cleveland. Ohio
694. .Cleveland, Ohio
694.. Cleveland, Ohio
694. Oohoes, N. Y
.
.
.
.
.
629..Colton (Cal.) Sch Dlst.
629..Colunibos, O. (-4 issues)
572..Connersv111e. Ind
629. .Continental, Ohio
751.. Crooks vilie, Ohio
.
PUBLISHED WEEKLY.
Terms
[Vol.
Advance
For One Year, including all Supplements
For Six Months
European Subscription (including postage)
European Subscription Six Months (including postage)
$10 00
6 00
13 00
7 50
629.. D-dham,
Mass
751..DeKalb Co.
(111.)
Maturity.
4
4
4
4
4
1915
1912
1912
1912
4
6
Co.. N. Dak....
4
6
4
695..KrleCo., N. Y
629 Ei^sex Co.. Mass. (2 Is.)
751. .Everett, Mass. (2 Is.)..
629..Fayettevllle, <#. C
573..Flndlay, Ohio
695. .Franklin Co Ohio
,
Terms of Advertising— (Per Inch
Transient matter (each time) $4 20
standing business cards.
Two Months
$22 00 Twelve Mon
(8 times)
WILLIAM
Pine
Three Months (13 times)
Six Months
B.
6i<5.. Fremont
Space).
. .
.$29 00
(26 times)... 50
hs (52 times) ... 87
00
00
DANA COMPANY, .Publisher*,
Street,
comer of Pearl
Street,
new York.
Post Office Box 958.
MUNICIPAL BOND SALES IN SEPTEMBER.
The
1903-1920
1
Ohio
31«
3»a
4
5
4
6
4
5
6
629. .Golden, Colo
695..Graneevllle, Idaho.....
629. .Grant (Cal ) Soh Dist..
573..Gree.ey (Colo.) School
Dist. No 6
44
514. .Green Bay, Wis
4
6 9.. Greenfield, Ohio
4
573. .Hamilton, Ohio
4
752. .Hamilton Co.. Ohio
3
629.. Hamilton (Texas) Sch.
4
Dl«t
673. .Hill Co.. Texas
3*2
629.. Hillsborough Co., Fla.. 4
629. .Hudson Co., N.J
4
629 Hyde Park, Ohio
412
629. .Hyde Park. Ohio
5
.
10556
1907-1922
55,000
100136
8/00
101-25
100-62
100-769
101-25
112-186
101-962
100-55
903 -191*2
1903-1923
1903-1916
1931
1932
1903-1927
1903-1908
1906
1917
1 1912 1922
1*
New York
City.
U907-1917
•1913
1903-1914
1903 1912
1952
tl907 1922
1 191 2-1942
1932
1907
The number
the number of
bonds and
made during Septem-
of municipalities emitting
separate issues
1
752. .Mineral City, Ohio
6
573. .Minneapolis, Minn
3*2
752. .Minster, Ohio
5
752. Morrison, 111
4
t>30..Moro (Ore.) Sch. Dlst.. 6
574. .Mt. Sterling, III
4
752. .Nazareth. Pa
4
630. .Newark. N.J. (2 Issues) 3^
574. .New Cumberland. W.Va 4
674. Mew London, Conn..... 3ifl
ber 1902 were 158 and 197, respectively. This contrasts with 188 and 249 for August 1902 and with
574.. New Loudon, Wis
134 and 159 for September 1901.
752.. Newman Grove, Neb...
.New York City (Ills.).
In the following table we give the prices which were 752.
630.. North Bend, O. (2 1s.)..
paid for September loans to the amount of $8,398,489, 695.. North Milwaukee, Wis.
753. .Norwood, Ohio.
issued by 127 municipalities. The aggregate of sales 6s>v. Ocean side, Cal
7! J.. Palo Alto, Cal
for which no price has been reported is $781,165, and 574. .Pasadena (Cal.) Sohool
Dlst
the total bond sales for the month $9,179,654. In SlS.-Passalo Co N. J
630 Patereon.N. J
the case of each loan reference is made to the page of 575 Paulding Co., Ohio
57*. .Paulding Co., O. (4 le.).
the Chronicle where a full account of sale is given.
695. .Pauls Vail' y. I. Ter
t)30..Port Huron, Mich
September Bond Sales.
.
Page.
iiocation.
Sate.
514. .Adams (Man )Flre Die. 4
628. .Albany Co., N.Y
572.. Akron, Ohio (3 issues).
572.. Allegany Co., Mri
572. .Allegany Co.,
572. Allegany Co..
751..AUentown
Md
Md
(Cal.)
School
Dlst
628. .Belknap
5
4
4
3>a
(Pa.) School (~.
Dlst
694. .Banning
3**
(111.)
i**
Amount, Price.
19151920
$30,000
18.000
26,000
6,000
45.000
4 5,000
210,000
1903-1920
1921
1903-1905
1903
1904
1905-1925
1912-1932
J
I
107-789
100-75
101-30
100-916
100-125
100-25
101-'0
6,t>00 103-75
56,500 101-77
Y
1904 1911
4.CO0
106925
4i*
4*3
3>*
1903-1922
1905-1911
1938
16.000
7,000
16,000
10.000
17,500
104-25
10 -843
102-15
100-75
3,000
12.000
9,000
100
100-866
751. .Birmingham, Ala
6
751.. Birmingham, Ala
572. .Blanco (Tex ) Ind. Son.
Dlst
628. .Bowling Green, Ohio..
694..Btidgewater, Pa
514. .Broadwater Co., Mont.
6
(2 188U09)
628. .Burlington, N. J
751. .Canton (O.) Sob. Dlst..
694..Chehalis Co. (Wash.)
Sch. DlBt. No. 4.
572..Chennngo Co.. N.Y....
572 Cincinnati, Ohio
629. . Citrus (Cal.) Soil. Dlst..
Ohio
Ohio
Ohio
Ohio
e30..Kajne. La
576.. Riverside Co., Cal
695. .Salem, Ohio
19121921
4
5
4
7
1932
1907 1921
1922
6
1903-1942
413
1903 1922
1917
1932
5
4
5
4
631. .Sandusky. Ohio
616..8aniord, Me
4
(Cal.)
5
4
11907-1922
1903 1917
4*3
4
4
4
1922
1912
1916-1918
5
11903-1922
1903-1909
1932
3>*
S»«
6
4
4
4
4
1916
1914
1916
1912
1922
190r>
i
100
102-222
40,000 J 100
9,500 {}g*. 75
75,000 100-133
8.000
85.000
180,000
12,000
5,000
100,000
2/2.O00
100,000
100
100
101877
11 1-8^3
10107
102-075
101 072
104-025
3%
Dist
95. .Santa Cruz Co., Ariz...
631..8eatile, Waxh
696.. Somerset (Ky.) Sohool
105-60
24,000 1100
102-89
50.0
12 000 100125
100-20
30,000
115,000 100
5,000 100
40,000 100
400.000
95055
8,000 1T100
5,000 100
2,405 100-20
3,^0; 102857
30,000 102
30 000
1.000
20,000
6,000
47000
15,2*4
S.fOO
60 000
100
102
111 44
101
102-234
10236
100
98-50
65,000
100
800
100
15,100
101-50
2,000 103 75
8.000 11203
4.750 100-369
15,2!S4 102-36
4.00o 102-937
100
38,0
149,900 101-37
22,000 100-457
450.000 100-51
8,000 11415
260 000
10165
101-50
102-555
100-625
10 000 101-17
11.500 103
600,000 103975
20,000
93
100,000 102-337
101-016
35,0
6,400 100-484
1,455,585 V100
20,000 101-535
3u,O00 106466
23,813 103-25
2.O0O 100
40,000 106-375
2,000
10,000
4.000
100,000
75.000
76,000
84.400
25.000
42,000
105-57
102
102-57
103-56
103 251
10210
100 349
00 100055
150/ 00 104-278
20,"
1913-1942
1903-1907
1917-1936
1912
1905-1917
5
5
4
1903 1917
11912-1932
1922
1927
753..Sj>mvllie (Iowa) Inde.
Soh. Dist
763..Sprln K held (Ohio) Soh.
Dlst
6 ''O.. Stoddard Co Mo
696..Tloonderoga, N. Y
632. Warren Co. (111.) Soh.
Dist. No. 11
753.. Washington, Pa
.Wellington.
Ohio
517.
697..WellB\ille, Ohio
517..Westfleid (N. Y. School
DlBt
517.. West Orange (N. J.)
Soh. Dlst
,
697 Wilhlofburg, Pa
102-13
00 100
5,000 107
100,<
•20,000
1922
1922
100185
4,300
101349
102 586
8,000 102-275
25,000 100-387
45,t
00
Soh.
f
576. .White Plains, N. Y
697. .Wyoming, Ohio
Co. (Wash.)
t97.. Yakima
Sch. Dlst No. 58
632..Yonkers, N. V
632..Yonker8, N. Y
632. . Yorkers. N. Y
097..Yorkvllle (N. Y.) JSch.
Dist
1932
tl912-1936
1926
tl907 19Z2
1942
831.. Sandusky, Ohio
763.. San Pablo
U922-1932
4
Dist.
6
Drainage
Dlst
751.. Bern, Ind
514..Ringliaruton,N.
694.. Cleveland,
694.. Cleveland,
694.. Cleveland,
694.. Cleveland,
Maturity.
1917-1932
1932
1904 1907
1904-1913
1922
1905-1914
5
3
4
4
5
5
5
4
76,000
102.918
400,000
3O.000
8 000
150,000
2,700
11.5 "0
2,500
.
i
102-48
100-264
98-20
1932
municipal bond issues during the month
1 '22
1903-1912
of September aggregated $9,179,154, being nearly 629..Jeffers, Minn
513
1922
5 15.. Jefferson Co., Miss
11907-1927
5
million
dollars
larger
August
than for
and about 629.. Kearney, Neb
1£
5
U907-1^22
629 Keesvllle, N. Y
4
1912
If millions larger than the average for September of 752..Kenmore, N. Y
1907-1926
5
573..Kilbourn, Wis
4
1910 1915
the previous ten years. Of this total, a large propor- 515.. Knox Co., Ind
4»2
75 2.. Lawrence Co., Iod
41«
1907-1922
tion is made up of bonds put out by New York City 573..Lenark, 111
4
1907-191*2
30.. Linn Co. Iowa
and taken by its own sinking funds as an investment. 695.
11912-1922
.Logan, Utah
4
Point (la.) Sch.
There were rso bonds sold by the city of New York 573. Long
313
Dlst
1903 1906
4>4
1905 1922
during the month by open competition. The only 752..Lurtwiek, Pa
630..McKlnley (Cal.) School
Dlst
public sale of consequenca was that made by Newark,
51 6.. Manchester. Ohio
1913-1928
5
1903-1905
5
N. J., which city on Sept. 17 disposed of $500,000 3| 630.. Mansneld, Ohio.
414
630.. Marlon Twp, Ind
per cent 30-year city-hall and $100,000 3£ per cent 5i5. Menno (8 D.) Hch. Dls. 6
3-65
752..Mld0lesex, N. Y
1932
30-year school bonds on a basis of about 3*291 per 630. .Middlesex Co., N. J
1922-1931
3*a
630. .Midland Mich. (2 1a.)... 4
cent.
The purchasers were Farson, Leach & Co. of 752. Milwaukee, Wis. (6 la.). 3i*
sales of
Priee.
$30,000 101-413
50.000 102-10
6,000 102-10
4.000
0210
18,291 10006
104-77
10.0
326,0(0 !I100
12,000
99
13,500 101-963
1.750 102-32
22,400 102-329
30,000
7,000
15,000
70,000
1907- 1*922
4
(Pa.) School
The Investors' Supplement is furnished wilhoiit extra charge to 69i..Dunmore
Dlst
4
every annual subscriber of the Commercial and Financial Chronicle. 629..Ellendale, Minn
5
The State and City Supplement is also furnished without extra 514. .Erie Co., N. Y
3i3
The Street Railway Supplement is likewise furnished without
extra charge to every subscriber of the Chronicle.
The Bank and Quotation Supplement, issued monthly, is also furnished without extra charge to every subscriber of the Chronicle.
Amount.
Sch.
No. 64
694. .Denver. Colo
751. Dover.N. J
charge to every subscriber of the Chronicle.
1905-1910
1907-1917
•1905
1903-1914
3ifl
4>s
4
Dist.
694 Dickey
Rate,
LXXV.
4
6
4
5
4
10,000
1905-1912
8,850
1912-1914
35,000
16,157
1903-1907
5.0C
6
4>4
104 837
101-515
100,000 101-83
15,000
35,'H.O
1906-1910
1918 1927
1903- '906
1912 1944
5.000
150,000
2,162
16,360
1905-1910
6,000
110-375
101-58
103-514
100021
100
107-80
101-027
101-25
100-531
10125
105
4
1923-1924
10,000
3>*
19031927
25,00011 100
4
l'J08
4
5
4
4
4
1920
1922
13,000
10,000
103
103-60
1912
1904
1906
1905
2,000
3,000
12,000
7,000
100-29
110-65
100-59
1904-1907
3,600
10010
100
——
—
OCTOBEB
4,
THE CHKONIOLP.
1902.]
Amount.
Price.
1904-1913
$3,440
104942
19111914
38,000
102267
Maturity.
Rate.
Location.
Too*
5
697 YounKstown, Ohio
576..Youn«8town, (O.) Soh.
*
Diet......
municipalities, ooverlng 165
Total (127
separate Issues)
-
-
Aggregate f sales for which no prloe has
been reported (31 municipalities, ooverlng 32 separate Issues)
$8,898,489
:
Farson. Leach &Co..4s
of dates of maturity, t Subjeot to oall In and after the
earlier year and mature In the later year, i Not (lnolndlng $178,000
of temporary loans reported and whloh do not belong In the list;
also does not lnolude $94,400 of Canadian loans nor $249,000
Average
bonds re-awarded during the month,
Investment.
1
And other
fl
Taken by sinking fund as an
considerations.
—
Ohio.— New Municipal Code. The State Senate on Sept. 30
Governor Nash's new Municipal Code bill by a
This is one cf the important measgtrictly party vote.
ures to enact which the Legislature was convened in special
session on Aug. 25. See Chronicle July 26, 1902.
Tyler, Texas.— Litigation.— We are advised by R, P.
Dorough, City Attorney, that the suit brought against the
St. Louis Southwestern Railway Co. to compel the payment
of taxes for 1900 (levied for the payment of funding bonds)
passed
resulted in favor of the city, that municipality recovering
judgment for the full amount of taxes. The railroad company has given notice of appeal. Mr. Dorough was assisted
in the case by an attorney sent by Mr. Duke M. Farson of
Chicago. The case will come up on appeal about the last of
November. For fuller information as to this litigation see
Chronicle August 2. p. 254.
Virginia.— West Virginia Debt Committee. Owing to
pressure of business, Mr. Edward M. Scudder has resigned
from the Brown Committee. The vacancy has not yet been
—
filled.
3ond Proposals and Negotiations this
week have been as follows
H
street and sidewalk bonds.
Interest
Clerk, for $2,000
semi-annually at office of Village Treasurer. Maturity, $500
yearly on October 1 from 1903 to 1906, inclusive.
Canton School District, Ohio.—Bond Sale.—On September 29 the $75,000 14-16 year (serial) funding bonds described
in the Chronicle September 20 were awarded to Farson,
Co., Chicago, at 100*138 for 4 per cents— a basis of
Leach
about 3-989£. Following are the bids
&
781,165
Total bond sales for September 1902.... §$9,179,654
*
751
New
First National Bank, *Ms.. $76,430
W.J. Hayes & Sons, 4&s
76,188
J76.100
76.076
76,000
SeasoDgood & Miyer, 4s
State Savings Bank, 4s
Champaign, 111.— Bond Offering.— This place will sell on
October 15 an issue of $16,000 b% 5-10-yc-ar (optional) improvement bonds.
Cincinnati, Ohio.— Bonds Refused. Seasongood & Mayer,
who on July 18 were awarded $37,850 V/% % garbage bonds,
have declined to take the same, claiming that Section 2142b
of the Ohio Laws, under which the bonds were to be issued,
—
is
unconstitutional.
Bonds Authorized.— The issuance of
$22,000 6% 1-11-year (serial) levee bonds has been authorized.
Comanche, Texas.— Bonds Voted.— On Sept. 16 the issuance of $1,250 additional water bonds was authorized by a
vote of 92 to 10.
Crooksville, Ohio.— Bond Sale.— On September 18 $1,750
6% 3-year (average) street-improvement bonds were awarded
to the Crooksville Bank at 102*32.
Dallas, Ore.— Bonds Voted.—By a vote of 129 to 45, this
city on Sept. 15 authorized the issuance of $12,000 waterworks bonds.
Dedbam, Mass.— Bond Sale.— On October 1 the $53,000
d}4i sewerage bonds described in the Chronicle Sept. 27
Sons, Boston, at 101*5366.
were awarded to E. H. Rollins
Following are the bids
K. H. Rollins & Song, Boston... 101*6368 Blodget.Merritt&Co., Boston.. 100-83
100*03
R. L. Day & Co.. Boston
Merrill. Oldham & Co., Boston.101-J.7a
Clay County, Ind.
&
:
I
(ieo.
A. Fernaid
A
Co.. Boston.101-03
I
MacDonald, McCoy* Co..Chic. ..108-48
:
S.
A. Kean, Chicago
100*01
De Kalb County (111.) School District No. 64.—Bond
Sale.— On Sept. 29 the $30,000 4% bonds described in last
week's Cheonicle were awarded to MacDonald, McCoy &
Co., Chicago, at 102*48 and interest. Following are the bids:
102-19
T. B. Potter & Co.. Chicago
N. W. Harris & Co., Chicago.... 101*10
R. Kleybolte & Co., Cincinnati. 10076
100*25
Jno. Nuveen & Co.. Chicago
100-20
S. A. Kean. Chicago
Farson. Leach & Co., Chicago.. 101/00
98"t0
Sec. Inv. Co.. Lincoln
Tnos. J. Bolger & Co., Chicago. 9S0u
Allentown (Pa.) School District.— Bond Sale.— On September 29 the $63,000 Z%% bonds described in the Chronicle Seasongood & Mayer, Cincln.... 100*44
September 27 were awarded, $6,500 to varions private parBonds mature $1,500 in 1903 and in 1904, $l,0u0 yearly
ties at 103-75 and the balance to the Lehigh Valley Trust &
from 1905 to 1909, inclusive, and $2,000 yearly irom 1910 to
,
I
Safe Deposit Co. of Allentown at 101 77.
Armada, Mich.— Bunds Voted.— This village on Sept. 15,
by a majority of six votes, authorized the issuance of $4,000
water- woi ks bonds. It is stated that this is the sixth time
suoh a proposiiion has been submitted, previous elections resulting in failure.
Atlanta, Ga. Bonds Proposed.— The Mayor in a recent
communication to the City Council, recommended the issuance of $400,000 bonds for the purpose of perfecting the waterworks system and $40i),000 bonds for the improvement of the
sewer system of the city.
Anglaize County (P. O. Wapakoneta), Ohio.— Bond Offering.— Proposals will be received until 12 M., October 16, by
G. A. Orphal, County Auditor, for $10,000 5# bridge bonds.
Authority, Sections 871 and 872, Revised Statutes of Onio.
Date, Oct. 1, 1902. Interest, January 1 and July 1 at office
of County Treasurer.
Maturity, $1,000 yearly on January 1
from 1904 to 1913, inclusive. A deposit of $200 required
with bids.
Bern, Adams County, Ind.— Bond Sale.— On September 29
$7,000 4%% funding bi nds were awarded to J. F. Wild &
Co., Indianapolis, at 101*843. Following are the bids
J. F. Wild & Co.. Ind'apolis..
$7,129 00 Thompson, Tenney & CrawE. M.Campbell & Co.. lud'lis.. 7.078 60
ford Co.. Chicago
»7.042 00
:
.
W.J. Hayes * Song, Clave
S.
Denlson, Prior
T. J . Bolger
St
7.0H2 00
Co., Cleve... 7.UU5 00
A. Kean. Chicago
& Co., Chicago.
. . .
Denomination, $1,000. Interest, January and July.
turity, $1,000 yearly, beginning Jan. 15, 1905.
7,000 00
6.930 00
Ma-
Birmingham, Ala.—Bond Sale.— On September 1 $17,500
6g 10-year gold city public- improvement bonds were awarded
to the People's Savings Bank <fc Trust Co. of Birmingham at
par. Bonds mature Sept. 1, 1912, subject to call at 103 at any
interest -paying period. The city has also sold, at 100-75, to
Steiner Bros, of Birmingham $10,000
10-year gold improvement bonds, maturing Aug. 21, 1912. Denomination of both
H
issues, $500.
Bond
Hill, Hamilton County, Ohio.— Bond Offering.—
Proposals will be received until 12 m,, November 1, by A. J.
Kiphart, Village Clerk, at the office of O. W. Bennett, No.
13 Allen Building, Cincinnati, for $2,500 5% 10 year coupon refunding bonds. Denomination, $500. Interest semi-annually
at the Third National Bank, Cincinnati. Accrued interest
to be paid by purchaser. Securities are issued under authority of Section 2701, Revised Statues of Ohio.
Bridgeport (Texas) Independent School District.— Bond
B district has sold to J. B. Oldham of Dallas the
$4,000 5% 10-20-year (optional) bonds mentioned in the Chronicle Sept, 6
Denomination, $200. Date, Aug.
1902.
iT^r
1,
Camden, N. J —Bond Offering.—Proposals will te received
until 7:30 p. m., Oct. 16, by Charles Laird, Chairman Finance
Committee, for $70,000 4% refunding city-hall bonds. Denomination, $1,000. Date, Dec. 1, 1902. Interest, semi-annual. Maturity, Dec. 1, 1932. Certifh d check on a national
bank for 5*1 of tne bonds bid for, payable to the City Treasurer, 13 required. R. R. Miller is City Treasurer.
Canrleld, Ohio.— Bond Offering.— Proposals will be received until 2 p. m., October 15, by J. R. Taber, Village
1920, inclusive.
Dover, N. J.— Bond Sale.— On September 29 the $70,000 4%
30-year water bonds described in the Chronicle September 6
Crawford of New
were awarded to Thompson, Tenney
York at 105*56- a basis of about 3'62*t. Following are the
bids:
101O0
Jno. D. Everitt 4 Co., N. Y
Thompson, Tenney & Crawford,
105-66
W. J. Hayes A Sons. Cleveland. 100-77
New York
&
|
Dick Bros. & Co.. Philadelphia. 103-818
N. W. Ualsey & Co., New York. 10107
Farson, Leach &Co.,NewYorfc.l00-71
I
East Bank Levee District, Plaquemines Parish, La.—
Bonds Voted.— This district on Sept. 27 voted to issue $135,000 5% 50-year bonds.
East Orange, N. J. Bonds Not Awarded,— Under date of
October 2 we were advised by the City Clerk that the $45,000
4% 80 year school bonds, bids for which were received on
full list of the bids
September 22, have not been awarded.
A
was given
last week.
Bond Sale.Edgefield, S.
C—
On Sept. 27 the $15,000 5%
30 year gold coupon school-bnilding bonds described in the
Co,
Chronicle Sept. 13 were awarded to F. M. Stafford
of Chattanooga.
Elgin, 111. Bond Offering.—Proposals will be received
until 3 P. M., October 9, by L. N. Seaman, City Treasurer, for
$64,000 4% coupon water bonds. Denomination, $500. Date,
$34,000 Oct. 1, 1902, and $30,000 Dec. 31, 1902. Interest, January 1 and July 1 at office of City Treasurer. Maturity,
$4,000 Oct. 1, 1912; $6,000 yearly on October 1 from 1913 to
I9l7, inclusive; $6,000 yearly on Dec. 31 from 1918 to 1922, inclusive. Certified check for $200 on some bank in Elgin,
payable to the above-named City Treasurer, required.
fcphrata, Pa.— Bonds Voted.— This borough has voted to
issue $15,000 electric- light-plant bonds.
Everett, Mass.— Bond Sale.- On September 25 $15,000 4%
surface-drainage and $15,000 4% sewer bonds were awarded to
E. H. Rollins
Sons, Boston, at 112*166— a basis of about
3*388-1.
Following are the.bids
E. H. Rollins & Sons. Boston... 112*16^ Sinking Fund Com., Everett.... 100*06
.108*275
K L. Day & Co.. Boston
ila-04
ttstabrook & Co., Boston
&
&
:
Blodget. Merritt & Co., Boston.. 111M5
K. C. Stanwood & Co., Boston... 11(j-67
Merrill, Oldham & Co., Boston.. 109-819
Farson, Leach & Co.. Boston.... 107*107
Boston Five- Cents Sav. Bank..l06*i!9
102 00
Jose, Parker & Co.. Boston.
-
Denomination, $1,000. Date, June 1, 1901. Interest, semiannual. Maturity, June 1, 1931.
Oallitzin (Borough), Pa.— Bond CjFeri7?gr.— Proposals will
be received until 12 M., October 9, by Joseph Bengele, Borough Treasnrei, for $6,000
20 year improvement bonds.
Denomination, $1,000. Interest, semi-annual. Bonds are
tree iiom State tax.
Weary, Blaine County, Okla.— Bond Offering.— Proposals
will be received until 12 M., October 27, by J. W. Waterman,
City Clerk, for $27,000 6% 30- year water bonds. Authority,
vote of 254 to 3 at election held Aug. 20, 1902. DenominaThese are
tion, $500.
Interest, February 1 and August 1.
the first bonds issued by the city of GKary. The assessed
valuation for this year is $181,605—about 25* actual value.
Bond Offering.— Proposals will be reGeorgetown, S.
ceived until 12 M., October 22, by the Finance Committee of
H
C—
—
—
——
——
'
THE CHRONICLE.
752
4%% refunding bonds. Denominations, $100, $500 acd $1,000 as desired, Date, Dec. 1, 1902.
Interest temt-annually at the Bank of Georgetown or at such
place in N. Y. City as purchaser may designate. Maturity,
Dec. 1, 1932. Certified check for $1,000, payable to City
Treasurer, required. The city has no other debt. Assessed
valuation, 1902, $1,365,000. W. D. Morgan is Mayor.
the City Council, for $75,000
[Vol.
LXXV.
Lone Oak (Texas) Independent School District.— Bonds
Registered.—-The State Comptroller on Sept. 22 registered an
issue of $4,500 bonds of this district.
Loratn, Ohio.— Worlds Refused.— Local papers state that E.
H. Rollins & Sons, Boston, have refused to take the $32,000
4% 15-year water bonds awarded to them on Sept. 15.
—
Ludwick, Westmoreland County, Pa.—Bond Sale. On
Sept. 29 the $15,005 4%i sewer and street-improvement bonds
described in the Chronicle Sept. 27 were awarded to John
S. Sell at 101-50.
Marion, Marion County, Ohio.—Bond Offering. —Proposals
will be received until 12 m., October 22, by the Finance Committee, at the office of Samuel T. Qiigley, City Clerk, for
$9,000 f>% Vine Street improvement bonds. Authority, Sections 27u3 to 2707, inclusive, Revised Statutes of Onio. Danomination, $450. Interest, March 1 and Sept. 1 at the office
of the City Treasurer. Maturity, one bond each six months
from March 1, 1903, to Sept. 1, 1912, inclusive. Certified
check for $1,000 required.
Hamilton County, Ohio.— Bond Sale.— On September 27 check on some bank in Marion for $500 required.
Massillon, Ohio. Bond Election Proposed. It is stated
the $115,000 %% 50-year armory reimbursement bonds described in the Chronicle September 13 were taken by the that an election will be held in this city to vote on the question of issuing $10,000 fire-department bonds.
holders of the old armory bonds at par.
Bond Offering.— Proposals will be received until 12 M., OctHector Minn. Bond Offering. —Proposals will be received
ober 21, by T. H. Seaman, City Clerk, for $16,000 4%<t, pavuntil 8 p.m., October 6, by G. S. Eichmiller, Village Presi
dent, for $6,000 5% 10 20-year (optional) light-plant bonds. ing bonds. Authority, Section 2705, Revised Statutes of
Denomination, $500. Interest, annual. Authority, election Ohio. Denomination, $1,000. Date, Nov. 1, 1902. Iaterest,
semi annual. Maturity, $4,000 yearly on Nov. 1 from 1903
held Sept. 16, 1902.
Highlands (N. Y.) School District No. 2.— Bonds Awarded to 1906, inclusive. Certified check for $250 required. Acand Refused. This district on September 18 awarded an crued interest to be paid by purchaser.
Middlesex, N. Y.— Bond Sale.— This town has sold an issue
issue of $15,0i0 4$ bonds to the New Paltz Savings Bink at
102*46. The savings bank, however, has not taken the bonds, of $38,000 3 '65$ 30-year refunding railroad-aid bonds to Isaac
and the district is now negotiating their sale with other par- W. Sherrill of Poughkeepsie, at par. The proceeds of this
sale, together with $12,000 cash on hand, were used to payoff
ties.
Southwestern RR. bonds, maturing
Hinds County (P. O. Jackson), Miss.— Bond Offering.— $50,0U0 7% Geneva
Proposals will be received until October 6 by the Board of Sept. 1, 1902.
Midland, Ont. Debenture Offering. Proposals will be reSupervisors for $65,000 5% 5-20-year (optional) court-house
and jail bonds. Interest annually at office of County Treas- ceived until 8 P M., October 8, by Thos. I. Trueman, Town
Clerk, for $10,000 4% water and $10,000 4% dock debentures.
urer. E. S. Middletonia County Treasurer.
Hoboken, N. J.— Bonds Proposed.—The issuance of $130,- Maturity part yearly on October 1 for thirty years.
Millward, Minn.— Bond Offering.— Proposals will be re000 school bonds is being considered.
Holland, Mich —Bond Election.—The City Council has ceived until 2 p. m., October 6, by W. H. Bohannan, Town
road bonds, to mature one bond yearly
decided to submit to the voters this fall the question of issu- Clerk, for $1,500
from 1903 to 1908, inclusive. Certified check for $100 reing $50,000 gas pUnt bonds.
Hadson, Mich.— >nds Defeated. At a special election quired,
Milwaukee, Wis. Bond Sale. Following are the bids reheld September 15, this city voted against a proposition to
ceived Sept, 3 J for the six issues of 3}4i bonds, aggregating
issue bonds for sewer purposes.
Ingham County, Mich.— Notes to be Issued.—This county $450,000:
1400,585
& Kahler and EdS. A. Kean (for $400.000)
proposes to put out $40,000 notes for court house purposes O'Connor
mund Seymour & Co., N. Y.. $461,295 T. B Potter (for $150,000)
150,855
460.087 2d Ward Sav.B'k, (for $100,000) 100.000
These notes, we are advised, will be taken up by local banks Fars >Q, Leach & Co Chic
J. & \Y. Seligman & Co., N. Y.. 450,630
Iowa City, Iowa.— Bonds Proposed.—This city proposes to
The bonds were awarded on October 1 to O'Connor
issue $14,000 street-paving bonds.
Kahler
and Edmund Seymour
Co., New York City, at
Johnson County, Texas. Bonds Registered.— The State
Comptroller on September 16 registered an issue of $5,400 100-51 and interest ($452,295), these firms having in the
meautime changed their bid to these figures.
bridge-repair bonds,
Mineral City, Ohio.—Bond Sale.— On September 8 $8,000
Kansas City (Mo.) School District.— Bonds Voted.— The
Mayer, Cinwater bonds were awarded to Seasongood
6%
election held September 27 resulted in 2,876 votes being cast
Denomination,
Maturity,
cinnati, at 114 15.
$500.
$500
favor
of
in
issuing $500,000 V&f, bonds and 412 against. The
bonds as authorized were described in the Chronicle Septem- yearly from 1917 to 1932, inclusive.
Minster, Ohio.— Bond Sale.— On Sept. 29 the $2,000 5%
ber 20.
street improvement bonds desoribed in the Chronicle Sept.
Kenmore, N. Y.—Bond Sale.— On Sept. 18 $20,000 5% water 13 were awarded to the Citizens' Bank of Minster at 101*25.
bonds were sold to O'Connor
Kahler,
York City, at Following are the bids :
111 "44 and accrued interest. Denomination, $1,000. Date, Citizens' B»nk of Minster
$2,025 00 State Sav. Bank Co. Toledo... $2, 007 60
2,00160
Sept. 1, 1902. Interest, Jan. 1 and Julv 1. Maturity, $1,000 Boesel's Bank, New Bremen.. 2,020 00 P. 8. Briggs & Co., Clnoln
2.018 50
First Nat. Bank, Barnesviile.
yearly on July 1 from 1907 to 1926, inclusive.
Morrison, 111,— Bond Sale— On September 15 the $10,000
Kent, Ohio.—Bona* Issued. —This village has issued $33,389
sewer bonds described in the Chronicle September 13
4%
bonds,
matuting yearly on January 1 from 1918 to 1923,
5%
inclusive, and $1,162 93 5<g bonds maturing on Jaly 1 in 1905 were awarded to A. J. Jackson at 102*555.
Nazareth, Pa.— Bond Sale.—Oa Sept. 1 this borough sold
and in 1906. These bonds are to pay off over-due coupons on
the $80,000 Q% outstanding bonds, together with interest an issue of $11,500 4%_ 20-30-year (optional) registered tax
thereon at 6%. As will probably beremembered, the coupons exempt bonds to local investors at 103.
Newark, Ohio. Bond Offering. Proposals will be received
on these bonds due September, 1896, and for some years since,
12 M., October 15, by the Finance Committee at the
until
were not paid, pending a decision as to the legality of a suffire-department bonds.
ficient levy of taxes to meet this interest.
In 1901 the U. S. office of the City Clerk, for $6,000 4%
Revised Statutes of
Sections
2836
and
Authority,
2835,
2837,
Court of Appeals rendered an opinion affirming the legality
of such a levy, and the village has therefore put oat the Ohio. Denomination, $l,0i)0. Date, Sept. 1, 1902. Interest,
new issues mentioned above and paid off the matured cou- semi-annual. Maturity, $1,000 yearly on Sept. 1 from 1903
to 1909, inclusive. Accrued interest to be paid by purpons, together with 6# interest thereon.
Lake Nebagemain, Wis.— Bonds Defeated.— At a special chasers.
Newman Grove, Neb.— Bond Sale.— On September 26 the
election held in this place on Sept. 9 the proposition to issue
$6,400
5# coupon water bonds described in the Chronicle
$7,000 5% 15-year water-works bonds failed to carry.
Lancaster, (thia.—Bonds Authorized. The City Council Sept. 20 were a warded to Nelson C. Brock of Lincoln at
on September 22 passed an ordinance providing for the issu- 100 484. Following are the bids :
—
Authorized. The Common
Gloucester, Mass. Bonds
Council has authorized the Board of Water Commissioners
to issue $350,000 water-extension and improvement bon<is.
Greene County, I nd.— Bond Offering.— Proposals will be
received until 10 a. m., October 8, by Joe Moss, County Treasurer, for $31,000 i%% Richland Township road- construction
bonds and $30,390 t%% Wright Township road- construction
bonds. Denominations, $775 for the former and $759 75 for
the latter. Date, Nov. 15, 1902. Interest, semi-annual. MaCertified
turity, one bond of each issue every six months.
—
—
&
—
H
—
B
—
I
|
.
I
|
&
&
&
&
New
I
.
|
•
—
—
$6,431 C A. Randall. Newman Grove... $6,400
Nelson C Brock, Lincoln
ance of $25,000 4% water-works-extension bonds. Denomina- R. V. Montague & Co.,St. Louis.. 6,400 Thos. J. Bolger & Co., Chicago
6,272
Kean,
Chicago
6,400
A.
S.
tion, $1,000.
Date, Oct. 1, 1902. Interest semi-annually at
New York City.— Bond Issues.—The following issues of
the office of the City Treasurer. Maturity, one bond yearly.
Bonds Not Sold —No bids were received on September 18 corporate stock of New York City were taken by the sinkfor the $40,000 4% pumping-station bonds and only one bid for ing fund as investments during the month of September
Amount.
itwitu.
Interest
Purpose.
the $20,000 4% gas well bonds. Both issues were described in
$260,000 00
1912
3
Atlantic Ave. improvement (Brooklyn)
the Chronicle September 6. Local papers state that the Zool
1«42
60.000 00
8
gical Garden. Bronx Park
60.0 JO 03
1948
8
Dept. Strct, Cleaning, new stock plant
bonds will probably be re advertised.
Itil'i
60,000 oO
Metropolian Museum of Art
Lawrence County, Ind. Bond Sale.—Oa September 15 Public baths (Manhattan)
1H42
00
80,000
8
260,000 00
1912
3
$15,254 4~%% gravel-road bonds were awarded to the Citizens' Docks and ferries
Wldeutng roalwav, 59th St., between 6tb
National Bank of Bedford at 102-86. Denomination, $381 35.
40,000 00
1942
3
and 8th avenues
2 "i.OOO 00
1949
Interest, May 15 and November 15. Maturity, one bond each Bildge over Harlem U., be' 1st & Willis a vs. 8
60.000 00
1942
3
Additional wa er (M. and B.) ......
six months.
91
621,586
1912
3
Street and park openings
6,000 00
19 12
Lockland, Ohio.— Bonds Proposed,—-The Village Council Imp't Washington, etc., parks. Bo. Rlchm'd. 8
$1,465.585 98
is considering an ordinance providing for the issuance of
Total
$6,000 street-improvement bonds.
North Amherst, Ohio.— Bond Election.—On October 6 an
Lodl, Wis. Bond Election. An election will be held Octo- eledion will be held in this city when the question of issuber 6 to vote on the question of issuing $6,000 electrio-light- ing $10,000 bonds for an electric-light plant will be voted
plant bonds.
upon.
.
.
:
j
1*
—
—
—
—\ —
October
—
—
3
THE CHBON1CLE,
4, 1902,]
753
s
Norwood, Ohio.— Bond Sale.— On
Sept. 22 the f 23,813 10 41
gold bonds were awarded to Isaac Springer of Pasadena at
refunding bonds described in the Chronicle Sept. 13
[were awarded to the First National Bank of Norwood at
103-25, according to local papers.
Oakley, Ohio.— Bond* to be Issued.— Bonds will be issued
shortly to pay for the new $3 .000 town-hall and fire-department building which it is proposed to build in this place.
Oklahoma City, Okla.—Bonds Defeated.—At the special
election recently held in this city the proposition to issue
$100 COO high-school building bonds met with defeat.
Omaha, >eb.—Bonds Authorized— The City Council has
passed the ordinance providing for the issuance of $200,000
8K* 30 year funding bonds. See V. 75. p. 357.
Orange, Texas.— Bond Sale.— The $15,000 4% street and
bridge bonds mentioned in the Chronicle June 21 have been
purchased by the State Board of Education.
Otero County (P. O. Alamogordo), N. XLex..—Bond Offering.— Proposals will be received until 10 A M., October 6, by
the Board of County Commissioners, W. K. Stalcup, Clerk,
for $7,500 6* 10-20-year (optional) jail and court-house bonds.
Denomination, |500.
Palo Alto, Cal.-Bond Sate.—On Sept. 20 $41,000 5* 1 40year (serial) gold water and electric-light-plant-improve
ment bonds were awarded to Trowbridge & Niver Co., Chicago, at 106 875 -a basis of about 4-52£. Denomination,
Date, O^t. 1, 1902. Interest annually at the office of
$1,000.
the Town Treasurer.
Pat hog ae, N. T.— Bond Offering.— Proposals will be received antil 11 a. M., October 7, by Joseph T. Losee, Village
Clerk, for $10,000 bonds. Djnomination, $500. Date, Nov. 1,
1902. Interest, not exceeding 5%, will be payable semi-annu-
Denomination. $1,000.
South McAlester, I. T.— Bond Election.— An election will
be held October 18 to vote on the question of issuing $150,000
water works bonds.
Spill ville (Iowa) Independent School District.—Bond
Sale. -This district has sold an issue of $3,850 b% bonds to the
First National Bank of Bamesville at 101-58. Date, Sept. 10,
1902.
Interest, annual. Maturity, $350 in three years and
104 837.
feO-year
$500 yearly thereafter.
Springfield School District, Clark County, Ohio.— Bond
Sale.—On Sept, 29 the $35,000 41 coupon bonds described in
the Chronicle Sept. 13 were awarded to the Springfield Savings Society at 103'514. Following are the bids
:
$36,280 00
Springfield Sav. Society
German Nat. Bank. Cincin... 36,385 00
86,180 00
N. W.Harris A Co., N.
Y
November
Maturity, $500 yearly on
1
from 1907
. .
Sweet Springs, Mo.— Bond Sale.— On September 17 $12,000
4% 5-80 year (optional) water and electrio-light plant bonds
were awarded to S. A. Kean of Chicago at " a little better
than par."
Tenaha (Texas) Independent School District. Bonds
Voted.— This district has voted to issue $4,000 school -house
bonds.
Throckmorton, Texas.—Bond Sale.—The State Board of
Education on Sept. 23 purchased an issue of $10,000 ref anding bonds.
Tiffin, Ohio.— Bond Offering.— Proposals will be received
until 11 a. m., October 22, by the Finance Committee of the
City Council at the offise of John E. Diemer, City Clerk, for
$9,000 4% Coe Street improvement bonds. Denomination,
Date, Ojt. 24, 19J2. Interest, semi-annually at the
$500.
office of City Treasurer. Maturity yearly on Sept. 1, $1,000 in
each of the years 1903, 1904 and 1905 and $1,500 in each of
the years 1906, 1907, 1908 and 1909. Authority, Sections 27042705, Revised Statutes of Ohio.
i
ally.
& Mayer, Oin $36,005 00
Denlaon, Prior A Co., Cleve.. 85,930 00
W. J. Hayes & Sons, Cleve. 36,892 00
Seasongood
to
Bobdj will be sold to the person who will
1926, inclusive.
take them at the lowest rate of interest. Certified check for
10* of the amount of bonds required.
Pembroke, Out. Debenture Offering.— Proposals will be
received until October 6 by T. M. Skinner, Chairman Finance
Committee, for $14,500 4% debentures, payable in twenty annual instalments from Sept. 29, 1902, and $1,816 03 lccalimprovement debentures dated Dec. 30, 19U1, and payable in
five annual instalments.
Perth Amboy, N. 3.— Bids —Following are the bids received October 2 tor the $37,000 41 20-year school bonds described in the Chronicle S-pt. 27
W. R. Todd & Co.. New York... 101-50 Parson, Leacb & Co.. New York.100'875
100-60
Dick Bros. A Co.. New York
1OP077 J no. D. a veritt & Co.. N. Y
First Nat. Bank, Perth Amboy. .101 '00
Bonds will be awarded in a few days.
are advised that the
Plato, Minn.— Bonds Not Sold.
$6,000 4% village-hall and lockup bonds offered for sale on
June 80 have not yet been disposed of. Bonds were described
in the Chronicle Jane 15.
Upper Dublin Township, Montgomery County, Pa.—
Bona Sale. — Philadelphia papers report the sale of $50,000 4%
bonds of this township to E. B Smith & Co. of Philadelphia.
Van Wert, Ohio. Bonds Proposed. — The question of issuing $6,500 refunding bonds is being considered.
Washington (Boroagh), Pa.— Bond Sale.— The $150,000 4%
street-paving bonds offered for sale on Sept. 22 have been
awarded to W. J. Hayes & Sons, Cleveland, at 101*027. For
description of bonds see Chronicle Sept. 13, p. 576.
Washington County, N. Y.— Temporary Loan.—On September 20 a temporary loan of $20,000, due in five months,
was awarded one half to the Farmers' National Bank of
Granville and one-half to the Granville National Bank, at
:
.
— We
par.
Interest, 5%.
Wj lam, Ala.— Bonds Voted.— On September
19 this
town
Ponca City (Okla) School District.—Bond Election.— The
Board of Education has decided to submit the question of
issuing bonds to a vote of the people.
Portsmouth, N. H. Bond Offering.— Proposals will be re-
voted to issue $3,500 school bonds.
Toungstown, Ohio.— Bond Offering.— Proposals will be received until 2 p. m., Oct. 27, by Wm. I. Davies, City Clerk,
or the following bonds
ceived until October 8 by E B. Prime, City Treasurer, for
$50,000 33^s gold coupon water bonds. Denomination, $1,000.
$500 5% McGuffey Street grading !bonds, maturing cue bond of $100 yearly em
:
Oct.
January 1 and July 1. Maturity, July 1, 1922.
San Diego. Cal.— Bond Election Proposed. The question
of issuing $400,000 improvement bonds will probably be sub-
Interest,
1
from
1904 to 1«08, Inclusive.
Himrod Avenue Sewer No.
vs bonds, maturing one bond
of $140 yearly
on Oct. 1 from 1904 to 19o8, inclusive.
600 b% Inglis Street sewer bonds, maturing one bond of $120 yearly on Oct. 1
from 1904 to 19u8, inclusive.
7CO 5%
—
Bonds are dated Nov. 3, 1902. Interest will be payable
semi-annually at the office of the City Treasurer. Purchasers
must be prepared to take the bonds not later than Nov. 8,
the money to be delivered at one of the city banks or at the
office of the City Treasurer.
A certified check for 2# of the
amount of bonds bid for must accompany proposals.
mitted to tne voters of this city.
Sandusky County, Ohio.— Temporary Loan.—The County
C ommiseioners have made arrangements for a temporarv
loan of $5,000 for 60 days.
San Pablo School District, Contra Costa County, Cal.—
Bond Sale.— On September 22 $15,000 6$ 1-15 year (serial)
INDEX TO STATE AND
CITY
DEfAWWENT,
In the following index reference is made by the page number to every item regarding State, oity, town or county finances published in
the current volume of the Chronicle— that is, beginning with the issue of July 5, 1902. Items in the current number are not included
<n the index.
Aberdeen, Wash
Dist.,
Tex
Acquackanonk SCh.
N.J
Ada Co.
AveryvilleS. D.No.l 19
203,
3i,3,
Abilene Sch.
.
.
694
2d4
Dist.,
254, 514
Sch. Dist. No. 39.
Idaho.
A^ams Co., Ind.
Adams .Co.. Sch. Dist. 63,
Wash.
Adams Co. Sch. D. No. 1
2'lsi
AdamsCo.,S.l>.No6.Wa<m. 461
..
Adams
464
Fire D.7 Mass .'.464, 614
208, 254, 3i6,
514, 572
Albany Co., N.
9i,
148, 514, 628
Albany Co.,
2j4
Alexander Co., Ill
vm
Alexandria, La
Alexandria, Va
Alle.any Co.. Md
Allentown. P.
365
254. 614
355, 6 8
254
Allentown Sch. Dist., Pa. 6W4
Alliance. Ohio.. ..405, 514, 69t
Alton. Ill
148
Ambler, Pa
42
Anaconda Sch. Dist. No.
lG.Mont
92
49,
Ann Arbor, Mich
405
Ardmore, I. 'I'
628
Arlington Heights, ni
254
Armada. Mich
572
Athens. Qa
628
Athol, Mass
....355, 628
Atlanta Ga
672
Austin. Pa
203
Austin. Tex
856
.
D. No.
203,
.
Barre,
Vt
203,803,
208,
92,
Hattle Creek. Mich
Battie Lake.Minn. ..354,
.
Bayonne. N.J.
355,
4t)4,
Bay Saint Louis, Miss
Beatrice,
Neb
Beaumont. Tex
Beaumont
Sch. Dist., Tex.
Bedford. Iud
Bedford, Wis
Belknap Drain.
Bellaire,
Ohio
Dis.. 111.572,
... 203, <54,
Bellefontaine Ohio... 303,
Kelle Plaine,
Iowa
Belleville.
J.
N
148
572
854, 628
Bellevue.Ohio
254,358
Bellport Sch. Dist. No. 28,
N. V
203, 355
Bennettsville, S. C
203
Berlin, Wis
203,405,514
Big Springs Sch. D.. Tex. 464
B'g Stone Co., Sch. Dist.
.
No.
1,
Minn
§H9
405, 514
514
Blackwell. >kla
8^4
Blanc > Sch. Dist.. Tex.203, 572
Blissfleld Twp., Mich
254
Bolivar Sch. Dist., Pa
92
1
S.
Dak. 264
Me
...
148
.42. 148.
203, 405, 514, 628
355
303
628
694
356
355
203
572
694
203
628
2b4
42
1»8
203
628
572
514
W2
P2
Belle Vernon, Pa
Binghamton, N. Y
Birmingham. Ala.
Bonesteel Sch. D.,
Boothbay Harbor,
Bowling Green, O.
31,
Baltimore. Md...
*02,
Banning Sch. Dist., Cal ...
Bat n. Pa
Akron, O. .42,
Y
Wyo
Baker Co. Sch.
Ore
Wash
Ballard,
572
111.
Avon, N. J
Bowling Green Sch. Dist.,
303. 6S8
Ohio
514
Braddock, Pa
254
Braddock Sch. Dist., Pa
91
Dist.,
Tex.
Brandon Sch.
.
.
.
Bremond
Sch. Dist., Tex.. 694
V2
Krldaeburg, Out
572
Bridgeport, Ohio
Bridgeport
School
Dist.,
5l4. 628
3n8. 355
628. 694
Texas
Bndgeton. N. J
Bridgewater,
Pa
Brigham, Utah
42
25.
Bristol, K. 1
Bristol Sch. Dist. No. 145,
8.
Dak
254. 464
Br adwaterCo..Mont.v54, 514
Brockport, N. Y
BroCKton, Mass
Bronxville, Vil
,
203. 261
148,
572
N. Y.!-03.
405. 694
25i
203,
Brookfleld, Mo
405,
Brookville, Ohio
H2,
*03, 628.
Buffalo, N.Y.«2,
514,
Burlington. N.J
Burnside Sch. D Ky..l4»,
572
694
628
203
148, 4U6
,
Burrillville R. I. ...42,
Burwell, Sch. Dist. No.
Neb
Butte Sch. D. No.
15,
355, 572
1,
Mont. 355
Cambridge, Mass
92,148
405
Oimpbellton, N. B.92, 148, 694
Canajoharie, N. Y... .203,
308. 853, 405
Canisteo, N. Y
355
Canon City Sch. D. No. 1.
Col
254
~.42, 6*8
Canton, Ohio
Canton Union Sch. Dist.,
Ohio
148, 3u3, 628
Canyon Co. Idaho
3j6
Carbon Co, (Mont.), Sch.
Dist. No. 28
Carlstadt S. D.. N.J
Carthage, N. Y
Cass Co., Iowa..
Cass Co.. Minn
42,
Catlin. N. Y
Cnapman Sch. D., Cal .203,
Charlee Co., Md
Charleston W. Va.203, 303.
Charlottetown, P. B. 1
ChehalisCo.,Sch. Dist. No.
Wash
Wash
\J N. W. Ter
Calhoun Co. Drain.
No. 18, Iowa
19,
694
Dist.
92,203
?03
629
254
148
2"
251
303
42
4*4
629
464, 694
4,
Chehalis Co Sch. D. No.
5,
43,
461
Chehalis Co., Sch. Dist. No.
11.
Wash
464
Chelan Co. Sch. D. No. 1.
254
Wash..
43
Chelmsford, Mass
Chelsea 8. D. No. 3. Wis... 355
Chenango
/Calgary. Sch. Dist. No.
42. 148
Camden, N.J
CameroD, Mo
Co., N. Y....355, 6 2
Cherryvule, Kan
Cherry Valley, N.
Caester, N. Y
Cheviot, Ohio
Y
572
48
92
356
43
Chicago, 111
Ohickasha. Ind. Ter.... 92, 208
Chippewa Co.. Sch. Dist.
No. 67, Minn
5149
Cincinnati, Ohio ..43, 148,
203.355,4o5,572,629, 694
Citrus Union S. D.,Cal.514, 629
Clallam Co. Sch. D. No 27,
2 6, 464
Wash
572
Clark Co., Ind
Clark Co., Ohio
255, 464
Clarke Co., Ga ...2)4,672,629
689
Clarksville, Ohio
356
Clatsop Co., Ore
405, 829
Cle Elum, Wash
Cleveland, O.. 148, 255, 356,
405, 694
Cleveland School District.
Ohio
43,148,855, 614
92
Clinton, Mass
204
Clutier Sch. Dist., la
148. 356
Coburg.Ont
694
Cohoes.N. Y
629
Coles Co., Ill
2 >*
Colesville, N. Y
36tt
Collinwood, Ohio
Colorado Springs Colo. ... 802
Dist..
C*1...43, 629
Colton Sch.
6.J9
Columbia, Pa
Columbia Co. Sch. Dist.
-•
No. 2, Ore
43
Columbus.Ga.204, 265, 356, 629
3u4
Columnus Grove. Ohio...
Columbus, 0...43. 118, 264.
:-6B,
Co.. Tex
C manche, Tex
Comal
Connecticut
Connersville, Ind
406. 629, €94
43
304
42
614, 672
1
.
61
,
THE CHKONICLK.
754
[Vol. T.YTV.
INDEX TO STATE AND CITY DEPARTMENT.-CONTiNUED.
Constantine. Mich
Continental, Ohio
Contra Costa
Cook Co.
8. D.
East Whittier S.
Ebensburg, fa
2fi6
405, 629
..405
Co.. Cal..
No.
Ed^eneld
118
7n, 111..
... 9<J,
Crawford Cn., Pa
Crawford Sch. Dist.. Tex.
Crescent Sch Dist., Pa
204
43
254
1.
Minn..'
629
204
....\
:-56
Cumberland, N. S
255
92
Custer Co.,
S.
Dak
Dallas. Tex
3
464
6.
43, 40rt
.
204
406
Dak
Duncansville,
Forney Sch.
Pa
Duquesne
Sch. Dist.,
Durant, lnd. Ter
Pa
.
.
149
255
405
629
Iowa
43
East Rutherford
Dist., N. J
School
464
Easton, Pa
266. 6*8
East Orange. N. J .356. 672, 685
East Paris Sch. Dis., Tex. 629
Pa
.
. .
204
Gary.Minn
.
304
.
Goderick. Ont
Golden, Colo,
Goshen, N. Y
Grafton. S. Dak
Y
2,
ackensack,
573
205
HilsborougbCo., Fla. .573, 62n
616
Hillsdale, Mich
HindsCc.MIss
149
406
Holdenville, I. T
Homer, 111
255
Homer. La
43
Homestead. Pa.
93, 304,
356, 400
464
.
.
J
Hopkinton, Mass
Houston
. .
93
Harrisburg, Pa
42
Harnsburg Sch. Dist., III.. 465
Harrison, Mich
514
Harrison Co., Mi's
356, 695
Harrison Twp. Sch. Dist.,
Pa
93, 304
J acoby Creeks. D., Cal
Jadis, Minn
Falls,
lion, N.
Y
4f5
2(5
202
35«
Idaho
Indianapolis, lnd
46.5
In et, N. Y
57
Iron ton, Ohio
Isle of Wight Co., Vs.. 149, 255
lukaTwp., Kan
628
Jackson Co. Sch.
Mo
Jackson Co.. Tex
.laffrey.N.H
JenVrs, Minn
Jeffers
n
<
uy
S.
D.
No
HIGH-GRADE
CORPORATION
Kensington. Md
Kenton, Ohio
Keystone, W. Va
Kilbourn. Wis
48,
43,256,
Killeen Sch. Dist., Tex. 43,
255,
D„ la..
406,
255
856
93
9*
4' 6
205
Crosse. Wis
Laafourche
Basin
La
406
Levee
515
149
205
356
149
205
93
Lancaster, Ohio
93, 515
Lancaster, Tex
205
Landsdowne Pa
20b, 630
Laporte, lnd
256
I.aurinburg. N. C
205
Lawrence Co., S. Dak.. 258, 630
43
Lebanon, Ohio
205
Lebanon, Pa....
Dist..
.
La Grange, Ga
43,
LaGrange, Ohio
La Junta Sch. Dist., Colo..
Lake Benton, Minn
Lake Preston S D.S.Dak.
l.amberton, Minn
Le^sburg, Va
Leland, Miss
Lenark. Ill ..
Lewis Co., N. Y
Lewiston, Idaho
Lewisville S.
630
366
573
149, 256
695
D.. Tex.. 205, 406
INVESTMENTS.
W. HARRIS & CO.,
N.
Quotation) f urni s b ed for pnxonase. sale or exonaoc e.
AND
MacDonald, McCoy
U MCI PAL
&
BONDS.
ROLLINS & SONS
Co.,
AND CORPORATION E. H.
BOSTON.
BONDS.
La Salle
Corporation
Service
Public
San Franci.co.
Denver.
Street, Chicago.
8EN0 FOR
&
Buildinq,
Cbicaao, Ulltnols.
Co., Blodget, Merritt
Co.,
16 Congress Street, Boston.
3« NASSAU STREET, NEW YORK.
BANKERS,
POTTER,
MUNICIPAL and QOKinQ
CORPORATION DUNUa
»
172 Washington Street,
CHICAGO,
IL.LJ.
-
LIST ON APPLICATION.
BOSTON.
60 Devonshire «
&
& CO.
B08TON.
CLEVELAND.
T.. B.
BANKERS,
MASON, LEWIS & CO.
...
__.._-
BONDS*
Choice Issaes.
Street Railway and Gas Companies
ON APPLICATION.
LIST.
OENISON, PRIOR
523 Western Union
NEW YORK CITY
CHICAGO.
205,
Kennedy Heights,
629
695
356
406
255
98
304
43
149
573
206
406
804
515
48
INVESTMENT BONDS.
Individuals.
JLIST
Ktnmore, N. Y
Kennan, Wis
Kennebunk, Me
Oldest Bond Ilonne In Indiana.
Prices and circulars upon application.
Clerk.
Trust Companies,
Trust Funds,
MUNICIPAL
UAILKOAD
CORPORATION
...
149,205
629
D., Mo.... 256
Savings Banks,
Monadnwek Building,
93,149
Keesevllle. N. Y
Kenmare. N. Dak
MUNICIPAL
171
Rudolph Kleybolte
Neb
Co..
Kearny. N.J
Keene, N. H
BONDS.
SUITABLE FOR
NArtNAU ST..
Kearney
629
48
629
629
149
31 and 33 PINE ST.. NEW YORK.
BOSTON.
CHICAGO.
Deal exclusively in municipal.
Railroad and other bonds adapted
for trust funds and savings.
188 VM TBAVBLXR8' LJCTTKR8 01 OB EDIT
A VJ.IlJ.BLi IS ALL PASTS OF THM WORLD.
MUNICIPAL
RAILROAD
Ml
.
BANKERS,
Indianapolis, lnd.
1
1,
Jefferson City Mo
Jefferson Co., Ala
CO.,
BONDS FOR SALE.
BONDS
804
...
14 9, 255
465, 629
Idaho
BANKERS,
Said bonds have been duly validated under the
laws of the State of Georgia.
The assessed value of property in Clarke County
U $6,606,337 and the real value about, $S,500,0oo.
Bids should be directed to the undersigned, and
must be accompanied by a certified check for $2,000.
which will be returned in case of non-acceptance of
bid. Right is reserved to reject any and all bids.
.
Indiana
CLARKE COUNTY, GA,
1st, 1923.
D., Mo..
Kearuey. Neb
43, 265
.
.
355
Hamilton, O..202, 350, 406, 573
Hamilton Co., Ohio
573
Hamilton. Ont.
43
Hamilton S. D., Tex.. 406, 629
Hammonton, ft. J
204
Hamptonburg. N. Y....149, 304
Hanson Co., S Dak
204
Hardy Twp.. Ohio
255
Harmony Sch. Dist. No. 40,
Minn
Kansas i y Sch.
Karnes Co.. Tex
KirkwoOd.Mo
2C5
93, 205
48, 205
Mo
i
Knlerim lnd. Sch.
Knox Coun-.y, lnd
Knox Co.. Ohio
93
.
FOB, SALE,
ansasCity,
93, 629
304, 3 «
INVESTMENTS.
Sealed bids will be received at Athens, Ga., up to
12 O'CLOCK NOON OF OCTOBKK 15th, 1902, by
the Commissioners of Roads and Revenues of
Clarke County for $33,000 of Clarke County. Georgia,
bonds. Said bon Is are to be Issued for the purpose
of retiring a similar amount of old bonds now due,
and will constitute the only bonded indebtedness
of the County. Said tends will be sixty-six in
number, each of tbe denomination of Five Hundred
Dollars, and will bear interest at tbe rate of four
per cent per anrum from January 1st, 1903, on
which date they will be delivered. Both principal
and Interest are payable in gold. The interest is
payable semi annually on i"he first days of January
and July. Tbe bonds are to be redeemed as follows:
Three bonds on the first da v of January, 1904, and
a like number on the first day of January of each
succeeding year up to and including January 1st,
1917; and four bonds on the first day of January for
each year thereafter up to and including January
Kalamazoo, Mich
515,629
Co, N. J
U y d e Park, Ohio.
356, 573
WILD &
,
Hudson
Hamilton Co., Kan
6W6
'
Howard, Kan
Halstad Sch. Dist., Minn. 6H6
Halls Sch. Dist.. Tenn. .93, 149
404
8< 4
205
205
Hudson, N. Y
Hushes Co., S. Dak
Hull, Quebec
Huntington Twp lnd.
149
.
93, 149
Sch. Dist,, Cal....
Houston, Tex
Howard Co., lnd
Dist.,
.
. .
.
40i)
N
Tex
Tex
Hill Co.,
.
H
2^5
Dist., Cal... 401
Hillsboro,
629
394
304
Greeley. S. D. No. 6. Colo. 673
Green Bay, Wig.. .201, 514, 573
Greene Co., Miss
406
Greenfield, Mass
204
Greenfield, Ohio.
573, 629
Green Two., Ohio
304
GreenviHe, Ohio
304
Grosse Pointe Sch. Dist.
No. 1. Mich
629
J. F.
ERWIN,
Highland Sch.
93
Grant Co., lnd
...856,
Grant Sch. Dist.. Cal
Grayson Co., Tex.
.8"4.
Great Falls, Mont. 149,255,
406, 514
Hicksville.Ohio
Hico. Texas.
.43.
Idaho
Jefferson Co.. Miss.356. 406, 516
Jefferson Co., Obco
255, 35U
J. fferson Co., Tex
206
Jefferson o.. Wash
202
Jeilico, Tenn
149
Jennings, La
... 406
Jersey City, N. J... 855. 304,
356, 4f5
Jewett, Ohio
93
Johnsonburg, Pa
43, 206
Johnstow' Pa
6J9
Jordan, Minn
304
.
D. No.
S.
4'
405
Henry Co.. Mo
Heron Lake Sch. Dist
Minn
205, 406
Heron S. D. No. 9, Mont... 673
149. 204
Grangevllle, Ida. .255, 464, 695
Granueville lnd.
—
Hendersonville, N. C
514
406, 629
149, 356
204, 356
573
Hiicke'tstown. N. J
464,573
$33,000
C.
Hazlehurst, Miss
Helena, Mont,
93, S04
Granby.- Quebec
Grand Kapids, Mich...
43
304, 465
40«, 514
205, 406
202
4f 4
INVESTMENTS.
H.
Mass
Havre, Mont
Hawke-bury. Ont
Haverhill.
255
695
.
.
Gloveri-ville, N.
Gulf port. Miss
.
2^4
C>ainesville, Fla
255
Talnesville, Ga
Galion, Ohio
... 695
93
Ohio
Gallia Co.,
Galveston, Tex... .303, 355,
405, 67
Galveston Co.. Tex.9',464, 695
98
GarneldSch. Dist., N.J...
Sch. Dis.,
Sch. Dist., lnd.
Tex
Sch. Dist.,
Harrisvil
255, 406
204, S56
Georgetown. S. C
629
Gering Sch. Dist., Neb.46«, 573
Gladstone. Manitoba
573
Glassport. Pa
464,514
Glendale Sch. D., Cal
204
Glen Ridge, N.J
356
Gueydan Drainage
La
204
304, 366
673.623, 695
Fremont. Ohio
Uppenkamp
Freuzer &
Spec. Sch. Dist., Ohio .... 304
406
Fulton Co., Ohio
40.5
Duquesne, Pa
East Mapleton
Freedom
694
4.J,
Minn.
45,
Fort Plain, N. Y
202,
Fort Worth. Tex
304,
Fostoria, Ohio
Fountain Valley S. D., Cal.
Franklin Co. Ohio
Fredonia Union Sch. Dist.,
N. Y
98, 204,
204, 856
Minn
673, 69^
Dist..
Geneva
5"8
e, Mich
Harrodsburg, Ky
629
Hartford Arsenal S. D„ Ct. 43
Hartford Washington
205
School Dist., Conn.
578
Geary S. D., Okla.
Geneva, Ohio
.
204, 356, 514
204, 255
62is
Dist.,
92, 3< 4
.
6H4
98
S. D., Pa... .464,
204
Dak
Foard Co., Tex
Foley S. D. No.
Fonda. N. V
.
Dresden.Ont
DuDuque, Iowa
S.
Fayette, Mo
Fayetteville
694
204
149
204
,
C
255
573, 695
573, 629
+630
93
356
464, 629
N C
1-9, 3^6
Fergus Co., Mont
204,851, 573
Fir dlay. Ohio
695
Fisher, Miun
629
Flan reau.S. Dak
204
Flath-ad Co. S. D., Mont
Fau Ikton,
Dougherty Co.. Ga
Douglas Co. (Wash.) Sch.
304
Dist.No. 21
Dover, N. J
48,204, 5 4
Dunn, N.
Sch. D.,
Cliffs
airmont. W. Va
Fairview Twp..KaD
8t>4
N. Dak
Dickson. Ten n
Dixon Sch. DisU. Ill
Dunneli Sch.
204,
.1
Falrgrove. Mich
.42, 204, 304,
672,
Dunmore
.
304,
140,366,
695
43
629
405
405
572
405
573
256, 572
Denver, Colo.
Drayton, N.
Minn
Erie Co., N. V.406, 514.
Essex Co., Mass... 464,
E'sexCo.. N. J
Evansville Minn
Everett, Mass
Eyota, Minn
fl4
Danville, Va
255
Darke Co.. Ohio
629
Daviess Co.. lnd
.. 204
25i
Davis Sch. Dist., Cal
Dayton. Ohio ... 92, 405, 572
Dedbara. Mass
14 », 629, 694
DeKalbCo.S D. No. 64, 111. 694
Delaware Co., Ohio
92
204
Delhi Ohio
Delray, Mich
255
.
S. D.,
Kllendale,
Englewood
N.J
anville.Ill
Dickey Co
Minn..
Elk Kiver
EUria, Ohio
Eiiglewood, N.
149
804, 572
Cuba
255, 405
3U4, 464
C.
Elm wood Place, Ohio. .204,
El Reno Sch. Dist<Okla...
Orookston Sch. Dist. No.
Cuero, Texas
Co., S.
Ill
Elmira, N. T.
9;:
.
Tex
Crockett,
EMn.
572, 694
35B, 464
Coudersport, Pa
Covlnnton. Ohio
Cram Sch. Dist., Cal
266,572
Edgewood, Pa
Cornwall-on-Uudson, N.Y. 514
Coshocton, 0...43, i04, 35H,
Geary, Ofela
405
«H5
D., Cal...
E.igefleld.S.C
STATE, CITY & RAILROAD BONDS.
The cheapest that are good;
TiriATTiCJ
XSVJ1\U^
the best at the price.
AND STOCK
CERTIFICATES
partly lithographed nn<l partly prlntril ; flnWlicd in a few
day. j hanrtKoine rie.lgn.l must hi> seen to be
appreciated. Sena fur mmplei,
«fc
Engraters aud Lithographer.,
105 Minium St., New Tors.
(Telephone Connection.)
ALBERT B. KINO-
CO.,
R.
F.
FULTON & CO.,
Municipal Bonds.
171
LA 8ALLE
STREET,
CHICAGO.
.
•OBER
THE OaRONICLE.
1902.]
4,
755
INDEX TO STATE AND CITY DEPARTMENT.-GONTINUED.
43
Libert v, N Y
Liber
Tenter, Ohio.. 805. 860
,;>
6*
Lidgt wood, N. Dak
.
yUM,
Limo
*3
"i:i.»..
D,
-.-rims. Sell.
.
8 6
1»0. so *
la
Lincoln, sen
Liu
Po..
Line
Llm
n
Wash
Kan
303
t*80
.
Iowa.... 353. «"«. r:1>
• 301. 357
ina
i
.
Lint
Li\<<
Twp
Co. S.
20*.
Dak
C«l..'-'05,
305
Merapfiis, Teun
4'6
Memptiis Sch. Dist., Neb
466
Menard Co., Tex
515
Dak.
Dist..
So.
Uenno Sch.
695
Menominee, Mich
„ 0'8
406, t»95
250. 867
83
305
Loiu BanchScb.Dtst.No
85, X.
Me.de
*
.1
6.
515
Long lake S. D. No. 4. Wis. H57
Long Point Sch.Dist.. Iowa 578
Lorain. Ohio.. 80S, 05. 515, 030
6«o
Los Angeles. Cal
205,357
Louisville. Kjr
Louisville. OHIO
40fi
Mercer County. N.
Mercer Co., Ohio
Luverne Sen.
Lynn. Mass
Lyons, Neb
v5rt
2*6
j
57
MUton, Mass
Milwaukee.Wis.
Minn
D.,
20',
:
,
.
Marleod Sch. Dist. No
.
47,
149
Alberta
Madison, Neb
93
305
2t5
Madison Co., Miss.954. <J56,
Madison Sch Dist., Cal
Magnetic Spgs. Spec. Sch.
305, F15
Dist., Ohio
Magnolia Sch. Dist.. Ca ... 205
MaUanoy City
Maiden, Mass
42
93
Sch. D., Pa.
44,
Manchester, Ohio
Manning, 1< wa
406, 615
205
Mansfield. O. 205,805.515, 030
6-0
Marietta Sch. Dist Ohio
Marinette, Wis
205
256
Marion Co.. Tex
Marion Twp., Ind
630
204
Maroa.lll
,
.
Marqnetie Co.. Mich
Marshall Co., Minn
Marshall. Mich
Marshall.
:-57
63)
4». 205.
357, 400
25e, 030
Tex
Nacogdoches, Tex
206
Newton
Broad Exchange 8uildin°\ 25 Broad
St.
Owosso, Mich
Oxford. Ala,
N. .rhorne Sch. Diet.,
Mo.
357
202
203
515
256
357
s5
357
305
94
306
305
4H6
695
407
355. 630
206,
...
305, 857, 407
367, 630
Palo Alto, Cal
Palo Alto Sch. Dist., Cal... 357
Palo Pinto Co.. Tex
695
Park Falls S. D.No. 2, Wis. 357
Parsons, Kan
256
Pasadena Sch.
Dist., Cal..
150, 367, 574
407, 515
.
466, 51?-,
675, 630
Passaic Co.. N.J
Paterson, N.J.
Paulding
305,63)
Norfolk Co. Mass
Northampton, Mass
200,
150,
Paducah, Ky.
alatine, N. Y
N. Y....94, 202,
Dist..
2-6, 8"5
4%
Oneida. N. Y
46, 206,
Orange, N.J
Ortonville. Minn.. 94, 206,
Otsego Sch. Dist., Mich...
Owatonna Sch. Dist., Minn.
630
460
574
630
357
406
6
305
44, 150
44
256, 357
572
Niagara Falls School
N. Y
Niles, Ohio
Noblesvllle. Ind
.
Co., Ohio. ..256,
407,
Pauls Valley, Ind. Ter
615
206
45
Peabody, Mass
45,
575
695
305,
357, 407
Pease Twp., Ohio
Peekskill.N. Y
..45,
25-\ 305, 857, 515
15
250
35S
695
150
306
695
258
45
206
Philadelphia. Pa
45, 206
I'ickens. Miss.
2^6
Pierce, Neb
... 305
Pioneer lrrig. Dist., Ida... 615
Pipestone. Mtnn
407
Piqua, «'hio
630
Plttsbug. Pa
92
Pittsburg tPa.) Sterrett
Sch. Dist
256
Plttstleld. Mass.
..256, 630
Plainview Sch. Dist., Tex.
94, 695
PI 'tte Center, Neb
94
Platte, S. Dak
680
Platteville, Wis
150
Plattsburg, Mo
... 266
Pleasant S. D. No. 1, S.Dak. 680
Pocomoke City, Md.... 258, 358
Point Pleasant, W. Va..42, 45
Polk Co., Minn
150
Pomer iy. Wash
407
Pony, Mont
575
Port Chester. N. Y
94, 208
Port Huron. Mich
680
Portland, Me
45
Portland, Ore
407
Portsmouth, N.
46
Portsmouth. Ohio
.675. 695
Pottsville Sch. D., Pa... 94, 203
Pulaski Co., Ind
358
Pulaski Co., Va.
94
Puyallup. Wash
680
H
Quanah, Tex
uincy,
805,358, 4«6
407
Mass
Kacine, Wis
amsey Co. School
No.
4.
151, 305
Dist.
§149
Minn
Ramsey Co.S.D.No.8,Minn.S14»
Rayne. La
306,680
Redding Sch.
Dist., Cal ...
46
Kedlanis, Cal
M.407, 575
Reitlands Sch. Dist., Cal... 206
HedLakeCo.,Minn.
858
Red Lake Falls S. D. No.
15. Minn
ReedsburgSch
Richland
Co..
Richmond
Dist.,
Ohi
256
Wis. 631
202
•
Sch. Dist. Tex.. 516
Riverside Cal
358
MISCELLANEOUS.
THE GRAND PRIX.
NVJE^MJENTS.
1,000 Shares
INVESTMENT SECURITIES,
Salle St.
Okolona, tAUs
.
Tex
2,
Ohio
Ohio Co., W. Va
Ohio University, Ohio.206,
Oklahoma City, Okla
Okmulgee, I. T
45,256,
Omaha, Neb
150
...
Wis
514, 515
I
CHICAQO.
Co.,
New York
New York,
Geo. D. Cook Company,
Counselman Buildin?, 238 La
Joint Sch. Dist., Wis.
New London, Cunn .615,
574,
New London, Iowa
New London, Wis. 805,463,
Newman Grove, Neb... 574,
Newman, 111
New Orleans. La
Newport. Ky
41,20*,
New Kichmond, Ohio.. ISO,
Nekton, Mass
Newton, N. J
M.J
Oconto Falls Sch. D.No.
357, 466
.
Ohio
City,
7,
Oconomowoc and Summit
466
44. 9<
New Castle. Pa
94
NewCumberl'd.W. Va.305, 674
New Florence S. D.. Mo.... 305
New Hamburg. Out
150
«*»
574
INVESTMENTS.
256
256
574
357
203
367
46
206, 516
695
Oceanside.Cal
Brunswick, N.J..805,
Newburgh, N. Y
Newburvport. Mass
>berlin,
Ocean
.
New
S 6
111
<
.
—
Morgantown, W. Va
MoroSch. Dist., Ore
149,206,
.
42,205,
D. No.
Oakland, Cal...
Oakland, Md
367
574
Navasoia. Tex
206
Needham. Mass
305
Neptune Twp., N. J
.4*, 206
Newark N. J
515, 574, 630
New Baltimore. Mich
160
New Blooming on, Ohio. .. 93
New Bremen, Ohio...
44
New Britain. Conn .150, 206
805, 857
..
Grove Sch.
OakWis
93
466, 630
205
Mineola, Tex
Mineola Sch. Dist., Tex.... 357
Minneapolis, Minn. ..202,
857, 407, 573
44.149, 685
Minnesota
574
Minster, Ohio
857
Missoult. Mont
688
Missouri
407
Mitchell Co., Tex
149,305, 357
Mobile, Ala
93, 149
Mon.ca, Pa
23«
MnnroeCo, Ind
Montclair, N. J.
205, 805
44
Montebello Sch. D., Cal..
Montgomery. Ala
202
2^5
Montgomery Co., Va
407
Monrgomery Twp., Pa
Monticello. Minn
367, 515
«*0
Montpelier. Ohio
Montpelier. Vt
623
93
Montreal. Onebec
205
Morgan. Minn
Morgan S. I). No. 56, Minn. 857
Mor.an Sch. D.. Tex.. 206, 305
Morgantown, Ky
206, 357
Morrison,
la... 206
apoleon,
357, 573, 6P6
McKlnley Sch. D., Cal... P?0
eKlnney, Tex.. 48, 205, 466
44
McRae, Ga.
14»
Mabank Sch. Dist Tex..
44
Macksburg, Ohio
Muscatine Sch. Dist.
Muskegon, Mich
Navajo Co., Ariz
Navarro Co.. Tex
MiamisburgS. D., 0...2&6, 857
Middlesex Co., N. J....57S. 630
466, 630
Midland. Mich
805
Mont
93, 25rt
Millers falls. Mass
407
Millvale. Pa
Mill ward Twp, Minn ..93, 4>7
t
206,305
.
305 465
Meridian. Miss ...857, 407, 57*
573
Mernel Sch. D.. Tex
Miamisburg, Ohio. 205, 260. 303
Mil-s Citv,
i
Norwalk, Ohio
400, 695
Multnomah Co., Ore. ..203, 355 Norway Sch. Dist, Mich...
Munhall, Pa
200 Norwood, N. Y
Murdoik Twp Kan
+6S0 Norwood, Ohio
J... 205, 25>i
615
630
Luck Sch. Hist. No. 3. Wis. 40
695
Ludwick. Pa
Lugonia Sch. Dist.. Cal. 406, 630
Lovlnaton. Ill
L' w den. Iowa
.
256
93,2 5
44, 2< 6
Medford. Mass
44.256, 4C6
Medina, Ohio
Melrose Sch. Dist., Minn.. 515
.
LOKan, L tan
Lou.i "-, Ohio
Louil'-.ont
liOiu- H aoh S. D„
Matagorda Co., Tex
Maurice. Iowa
..-
Oak Lo.,Tex
PenDgrove, N.J
Mount Clements, Mich.... 857 North Bend, Ohio.
.45,
94,
Mount Oilead, Ohio. ...44, 149
266,367, 630 Peoria Twp., Ill
407,
3(5 Per yCo.. Ohio
Mom t Horeb W s
466 NoHh Branch. Minn
Perry Co., Pa
Mount Kisco, N. Y
515 North Hempstead Sch. D.
150 Perth Aniboy, N. J
M. mnr Pl.asnnt, Tex
2G6
No l.N. V
Mount Sterling, III
Petaluma School District.
574 North Milwaukee, Wis.357,
4<>7,03i>, 695
Mount Tabor School Dlst.
Cal
46,206,
S57 Peterborough, M. II
No. 5, Ore
805 North Plainfleld, N.J
45 Petrolia, Ont
Mt. Vernon, N. Y.256, 357,
North York, Pa
205
Murshtleld S. D., Wis. .357, 4*6
465
Mart Sch. Dist., Tex
44
Mar viand
25*
Maseoutah, III
44, 202
Mdgsavh ii setts
Marshn-UI. Wis
GUARANTEED
RAILROAD CO. STOCK
NEW YORK.
At Price
Mexican GoYernment and State Bonds.
to
Net 4&%.
WAS 1WABDID AT THE PABI8
Present net earnings of Company
50# on the amount of Capital Stock.
FARSON, LEACH &
GO.
Public Securities,
NEW YORK.
CHICAGO.
WHITE &
C. H.
51 Liberty
BOSTON.
St.,
CO.,
New York.
PHILADELPHIA.
HIGH-GRADE
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MARRY
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The United
CHICAGO.
CHOICE OKLAHOMA
IN
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WICHITA. KANSAS
Building,
Mention
this paper.
CHRONICLE NUMBERS WANTED.
Issues of Jan.
17,
1891
;
Jan.
14, 21,
Feb.
4, 11,
May
18,20. 1893; May 11, June 29, 1896; Jan. 4, Feb. 28
Sept. 26, Nov. 21, 1896 Jan. 8, 1898 Jan. 14, 81, 88
Feb. 18, 1899. Jan. 12, Feb. 2, 1901, and Jan. 18, 1908.
Quotation Supplement Jan., March & Nov. 1901
Investors' Supplement Jan., 1898, 1899, 1900 anc
1901.
Will pay 10 cents a copy for the Chronicles and
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:
WILLIAM
;
B.
DANA COMPANY.
76H Pine
Street-
Ij
Munn, M.D.,
L
TORN.
€3 WAIsIj STREET,
....
Active and successful Agents who desire
tnahe DIRECT CONTRACTS with thin
well-established and progressive Company
thereby securing for themselves not only an
immediate return for their work, but also
<*n increasing annual income commensurate with their success, are invited to communicate with
E. COCHRAN,
Third Vice-President, at the Company's
to
RICHARD
Office,
Insurance
In
Force over S40.000.000
NEW
YORK-
VICKERS & PHELPS,
15
New York.
INVESTMENT BROKERS
HIGHEST GRADE RAILROAD
Wall Street
BONOS.
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E
MANUFACTURING
COMPANY,
President.
Oeo. Q. Williams, Pres. Ohem. Nat. Bank
James R. Plum,
Leather
Clarence H. Kelsey, jv. Tit.ouar.dTr.oo.
A
THE AMERICAN
FINANCE COMMITTEE:
latest offering.
WINNE &~WINNE,
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P.
m j
AwAU
SPECIALTIES.
sJJtZ
A
s
1
States Life
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THE CITY OF NEW
John
On Improved Farms
Netting the Investor 6 per cent Interest.
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CO.
1902.
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.
THE CHRONICLE.
756
[Vol.
LXXV,
INDEX TO STATE AND CITY DEPARTMENT-CONCLUDED.
Riverside Co., Cal.206. 266, 675
Riverside Sob. Dist.. Cal,. 206
Rochester. N. Y
.94, Wi.
266, 466
Rochester, Pa
631
Rochester Twp., Kan
203
Rockbridge Co., Va
94
Rockwall, Tex
3t6
Rogers Sch. Dist., Mich..
575
Rome School Dist., No. 1,
N. Y
161,206
Roncevei te, W. Va ... .94, 4^7
Roselle Park S.D.,N.J.46, 207
Rotterdam School Dist.
No.6,N. T
466
631
Rowe. Maes
Royalton School District
257
No. 40, Minn
Rushford, Minn .207, 407, 631
Rye Sch. Dist. No. 1, N.Y.. 151
.
.
.
.
. .
151, 257
161, 207
agina w, M ich
St. Anssrar, Iowa
306, 516
St. Anthony S. D. No. 0».
Sacramento, Cal
Idaho..
207
Man
St. Bouilace.
St. Clair Co.. Ala
St. < lair, Mich
8t. Clair Co..
St. Francisville, La
St. Ignac*. vilch
St. John Sch. Dist.,
N. B...
Salem, Mass
Salem. Ohio
85«,
46,407,
94
..
Mo
..
267,
94
858
6*8
407
46
207
616
695
257,
Scranton, Pa
Scranton Sch. Dist.. Pa.95,
Scurry Co.. Tex
207,516,
Seatne. Wash
Senora, Ga
Sequoia High Scb. D. Cal.
Sharon, Pa
Shelby, Ohio
.46, 257,
Shelby Co. ( hlo
161,306, S5<*
South Orange Sch.
N.J.
South Sharon S. D.,
Spencer, Mass
Stanford S
D.,
Ky
Creek Twp., Kan
San Antonio, Texas
803
207
Sterling,
San Bernardino. Cal
•'31
Stillwater, Okla
Stock bridge. Mass
Stockti.n, Cal
Stoddard Co.,
Stouffville, Ont
,
Santa Cruz Co., Ariz...
94,
'868, 69S
Santa Susana S. D., Ca!
151
Saratoga Co., N. Y
96. 207
Saratoga Springs, N. Y.... 407
Sault Ste. Marie, Mich
46, 95, 257
Schenectady, N. Y.96, 207, 467
Schodack S. D. No. 10.N.Y. 407
Schulenburg, Tex
858
8chuyler Co., Mo
303
358
Schuylerville N. Y
111
Stev- ns Point,
Wis
Warren Co. S.D. No. 11,
631
.'
Washington Sch.
408
Dist. No. i'.
306, 617
Sch. Dist., Cal
208
Y
Y
Troy Sch.
517
208
307, 576
254
Tuscaloosa, Ala
Tyler,
Tex
fTnion, N.
I' tan
Utica. N.
8
Y
408
208, 676
Y
Wellsville,
Suiphur Springs, Tex .... 408
Sutherland, Iowa
95
696
696
Swan Kiver, Manitoba
V08
Swansea, Mass
Swarthmore. Pa
.. .631, 696
Sweetwater Ind.S.D., Tex. 358
Swissvale, Pa
208, 358
Sycamore Sch. Dist.. 111.... 631
Sutton Co., Tex
Sch. Dist., la.
W
.
.
,
359
209
632
47
409
308
96
808
28. 409
80^, 576
152, 697
Wymore, Neb
Wyoming, Ohio
Taklma
No.
47.
7,
Co.
Sch.
Dist.
Wash
632
Yakima Co. Sch D. No. 45,
Wash.
Yakima Co. School Dist
268
Wash....
258
No
Westfleld School District.
N. Y
408, 617
West Hazleton, Pa
517
West Homestead S. D.,Pa. 20n
West Manchester, Ohio.... 632
West Middlesex. Pa. ..258, S6W
Weston, Ohio.
47
West Orange, N. J
47
West Orange Sch. Dist.,
N. J
.408, 517
West Point, Ga.
409
West Sweden Sch. Dist.No.
369
3, Wis.
Wharton S.D..N. J.... 369, 467
Whatcom, Wash
96, 467
Wheatland S. D.. Cal
697
,
Dist., Pa.... 152
Woodbine
Woodstock, Ont
Worcester, Mass
rtham S. D Tex,...' 08,
Worth mgton, Minn
Wyandot Co.. Ohio
47,
Wi andotte, Mich
Wjlie Sch. Dist., Tex... 47,
,
50,
West Alexandria, Ohio... 96 Yakima Co. Sch Dist. No.
Westbrook. Minn
632
58, Wash
West Duluth, Minn
63U Yazoo City, Miss. .308, 409,
Westerville, Ohio
408 Yonkera. N. Y
47,
.
*
150
WonewocWIs
268. 676, 697
alencia Co.. N. Mex
254
alley City School Dist.,
Dak
N.
47
VanAlsijne. Tex
6P6
Van Buren, Ohio
307, 467
Vancouver S. D.. Wash
408
Van Wert Co .Ohio
152
Vermillion Co Ind
696
Vermilion Co. Sen. D. No.
118 111
152
Vermillion S.D.No.5,S.D'k. 307
Verndale. Minn
576
Verona Pa
2<8
Vicksburg, Miss
807, 4 08
Victor, l olo
808, 258
Victoria Tex
258
Victoria Co., Tex
631
Villsca i-ch. Dist, Iowa
47
Vinita. I. T
258, 676
Virginia
264
Virginia Def.Debt.202. 572. 628
.
Wolfe
85-, 369
Ohio
47
V
676
152,
258, 367, f> 17, 632
City Sch. Dist., Tex. 308
.
576, 631
Uvalde, Tex
161
631
46
575, 696
697
517
152
467
96
258
4u9
47
Wisconsin
209
Waierville, Kan
258
»"9, 807
Waterville, Me
Watervleit, N. Y
15v, 2'
Waukegan Sch. Dist., 111.. 408
Waukesha. Wis
152
Waxahachie, Tex
307
Webster Groves, Mo
682
Weehawken, N. J
47
Weimar Sch. Dist., Tex... 152
Weiser. Idaho
807
Weiserlrr'n Dist., Ida.^76, 697
Wellington, Ohio
359. 617
Wellston, Ohio
47
95,
30B. 869, 631
Kan
Winteraet, Iowa
96^ 408
Watertown, Mass
Watertown, So. Dak
202,^67, 359
408, 631
:
30"
:
268
Winslow Sch. Dist., U\
S-6
Winton Place, Ohio... 307, 632
Mo..
2 8
....««, 257, 408,
Dist,
D.,
Waterloo, Iowa
Topeka Scb. Dist., Kan.... 631
3<'6
Trent n. N.J
Tr upCo.. Ga
631
Troy, N.
111.
.
Tillamook Sch.
Ore
Topeka, Kan..
Wilmont, Minn
Wilmont. S. Dak
Winnipeg, Man
Winni.eg, S. U.. Man.. .47,
Winnsbo'O, S. C
07,
Winona, Minn
631
208 632
96
Warren Sch. Dist. Ohio
Warren Twp..Ohlo.8o7.467, 5 6
Warrick Co., Ind
676, »i97
Warsaw, N. Y
359
WnshiDgton, Ohio
6K7
Washington, Pa
576
Washington Co. Sch. Dist
No. 44, Minn
5149
Three Rivers, Que
696
Y
698
Tbr"ckmorfn Co.,Tex.517, 681
Todd
Wilkinsburg, Pa
Williamsport, Pa
..258,
408
Dist., Cal.
.208.
268
258. 5 6
.96,
96,
96,
3^9, 4<>w. 467, 676. 632
Whlttier Sch. Dist.. Cal... 409
Wilkes Barre S. D., Pa
467
307, 467, 697
2i8, 267
Ohio....
White House, Ohio
White Plains, N. Y
D. No.
Warren, Pa
Ticonderoga, N.
Tlflin,
Wash
S.
152
i
Toledo. Ohio
151,306
.
806
208,306. 467
Thomasville, N. C
3^9
Three Rivers, Mich... .267. 359
Tonawanda, N.
SunDury. Pa
SunburySch.
63.
4f8
631
Wapakoneta, Ohio
Warren, Ohio ..
257
.
Tamaqua. Pa
Tarenium, Pa
Taunton Mass
Taylor, Pa
Terminous Sch.
Terrell,
ex
467
575
.806, 4'
Summit and Oconomowoc
Joints. D., Wis
Walla Walla Co.
Dist., Iowa.
516
Tallahatchie Co., M18S.U76, 6P6
151
Stromsburg, Neb
Surolk. Va
Sow, Mass
.46,
Tex
Waco,
akefleld, Mass
+680
516
35?, 696
abor Sch.
£.76
628
696
95
306
806, 868
257
Mo
Cal
Tabor, Iowa
46
Spokane. Wash .203, 264, 628
Spokane Sch. Dist. No. 81,
516
Wash
51"
Springfield, Mass
95
Springneld, N. J..
Spnnu Held Sch. Dist.. N. J. 806
306
Sprlngville, N. Y
16,
Springneld, Ohio
4 0B,
Y
Si
696
«»«
Dist.,
46, 151
Pa.... 407
806,
Dist.,
S y racuse, N.
207
407
516
Shevlin Sch. D.. Minn.. 46, 207
ShosboneCo. Sch. DIst.No.
516. 696
30, Ida
Stbley Sch. Dist., Iowa.... 306
46, 2u7
Slaiington, Pa
208, 407
Smith's Falls, Ont
631
Solvaj. N. V
Sonnrset S. D.,Ky.... 516. 696
69*
407,
Ind.
.96.
Bend,
South
South Brooklyn, Ohio. 151, 257
South Orange, N.J.95, 308. 303
Salt
Sanford. Me
407, 616
Sandstone, Minn
267
Sandusky, Ohio... 868, 40^,
466, 631
516
Sandwich, Ont
San Pablo Sch. D., Cal... 257
San Saba Co Tex.... 407, 695
Santa Cruz, Cal
694
Sylvan Sch,
Shenandoah. Va
Sberman. Tex
Springfield S. D.. Ohio
Salisbury Sch. Dist., Mo...
Sycamore Twp., Kan
6P6
207
696
Wheeling, W. Va
697
576
152 308,359.409,676, 682
Yonkers Sch.
Dist.,
N. Y.
209 306
York Paven Sch. Dist., Pa'. 406
York Pa
152, 308
Yorkville 8. D., N. Y.. .632, 697
Yorkville Sch. Dist., S. C
96
.
Youngstown, Ohio
47,
617, 576. 69T
409
S. D., Ohio.
359, 467
zi w, 3' 8. 4t 9,
Youngstown
Yreka, C«l
.
Zanesville.Ohlo
eeland, Mich
.
308, 517
152
§See Minnesota, page 149.
page
+ See Murdock, Kan,
.42,
209,355, 409
630.
TRUST COMPANIES.
CENTRAL
GIRARD TRUST
MANHATTAN
TRUST COMPANY
COMPANY.
OF ILLINOIS,
TRUST CO.
CAPITAL, $2,500,000. SURPLUS, $7,500,000.
chartered
WALL
NASSAU NEW YORK
Surplus & Undivided Profits,
8T. cor.
Capital,
$2,500,000.
OFFICERS:
JOHN
I.
WATERBURY,
E N
AMOS T FR lbCH,
\
President.
Vice-Presidents.
$4,000,000
1,000,000
Capital,
Surplus,
CHARLES
G.
DAWES.
W. IRVING OSBORNE,
A.
E. B. Morris, President.
VV. N. El v. int Vlce-Pre«ident.
a rk -ox, 2d Vice President.
A. A.
UHRLAUB.
President.
Vice President.
Vice- President.
WILLIAM R. DAWES. Cashier.
CHARLES T. WEGNER, Asst. Cashier.
MALCOLM MCDOWELL, Asst. Secretary.
J
Charles
J.
Uhoads, Treasurer.
Edward s. I'agk. Secretary.
Tucker Bispham, Solicitor.
MAX PAM, General Counsel.
DIRECTORS:
FRANK O. LOWDBN.
A. J. EARLING.
HARRY RUBENS.
MAX PAM.
GRAEME STEWART.
CHA8. T. BOYNTON,
Geo.
1904.
Francis R. Appleton, James J. Hill,
Daniel S. l.umonl,
Angnst Belmont,
Ueerge F. Baker,
J. H. Latham,
Oliver H. Payne,
H. W. Cannon,
A.J. Cassatt,
B. D. Randolph,
R, J. Cross,
Grant B. Sehley,
Rndnlrh Ellis,
James U. Sheldon,
Amos T. French,
John I. Waterbnry,
Joha Kean,
R. T. Wilson.
CHICAGO.
LAWRENCE O. MURRAY, SecyA Trust Officer.
W. N. DCANE, 3d Vice- Prea. and Treim.
C. II. SMITH, Secretary.
E. A. SKINNER, Asm. Secretary.
F. DW1GHT, Trust Officer.
DIRECTORS,
1836.
Acts ns Executor, Adminlmrator, Trustee,
Attwignee and Receiver.
Financial Agent for Individuals or
Corporations.
Interest Allowed on Individual and
Corporation Accounts.
Acts as Trustee ol Corporation Mortgages.
Depositary under I'lans ol Reorganization.
Reglstrnr and Transfer Agent.
Assumes entire charge ol Real Estate.
Safes ro Kent In Burglar- Proof Vaults.
NANA GERSi
Efflingham B. Morris,
John A. Brown Jr..
Benjamin W. Richards
John B. Garrett,
William
William
Francis
i
II.
11.
II.
I.
looks,
(Jaw,
.
(Jnwen,
MeFadden,
Ilpniy Tatnall,
Isaac H. Clothier,
N. E. Cor.
Pemb. S. Hutchinson,
Thos DeWitt Onyier.
('. Itartman Kuhn,
.lames Speyer,
Richard A. McCmdy,
Broad and Chestnut
THOMAS
CHARLES DEERING,
Ge'Tge G. Haven,
Augustus D. Juilllard,
Edward J. Berwind,
Randal Morgan,
Edw. r. Stotesbury.
P. A.
R. LYON,
ALEX. H. REVELL.
VALENTINE,
CHARLES G. DAWES.
Streets,
AND
DEPARTMENTS.
BANKING, SAVINGS
PHILADELPHIA.
TRUST
CAPITAL, $2,000,000.
The Mutual
LIFE INSURANCE
CO.,
Benefit
NEWARK.
SUEPLU8 & PROFITS,
Maryland Trust Co.,
$4,289,362 69.
N.
W. Corner Calvert and (SermanlStreets*
ItALTinOKK.
N. J.
Fidelity
Trust Company
CAPITAL, SURPLUS,-
Philadelphia.
Frederick Frelinqhuysen, President:
A Legal Depository
for
•
-J
$2,125,000.
$2,437,500.
Court and Trait Ponds,
SAFE DEPOSIT BOXES, FOR RENT.
ASSETS (Market
Values) Jan.
1,
1902
$78,410,649
LIABILITIES
Lends money on approved
eral trust business.
security. Allows interest on special deposits. Aots
as Trustee under Mortgages, Assignments and Deeds
71.933,306
SURPLUS
6,477,34*
MUTUAL BENEFIT POLICIES
CONTAIN
Special and Peculiar Advantages
Which are not combined
POLICIES OP
Acts as Financial Agent for States, Cities. Town*,
Railroads and other Corporations. Transacts a gen-
SECURE BANK VAULTS.
in the
ANY OTHER COMPANY.
GENUINE
WELDED CHROME STEEL AND IRON
Flat Mars and 6-Ply Plates and Angle
FOR SAFES, VAULTS. Ac.
Cannot be Sawed, Cut or Drilled, and positively
Burglar Proof.
Round and
CHROME
STEEL.
WORKS,
Kent Ave., Keap and Hooper Sts.,
BROOKLYN, N. *
8aleMan'Cersln the U.S.
of Trust, as Agent for the Transfer or Registration
of Stocks and Bonds, and for the payment of couponsinterest and dividends.
J. WILLCOX BROWN, President.
J. BOWDOIN, 1st Vice-President.
LLOYD LJAi KSON. 2d Vice-President.
SCOTT. Sfcy. A Treas.
J.
NESS. Asst. Secy. A Treas.
CARROLL
HKNRY
BERNARD
VAN
DUiECIORS:
Wm. A. Marburg
H. J. Bowdoin,
Leopold Slrouse.
Henry Walters,
W. Wood, John Pleasant*.
Andrew D.Jones, J. L. Black well,
Fred'k
B. Brooks Jr., Joshua Levering. Geo. C. Jenkins,
John S. Wilson
Lloyd L.Jackson. James Bond,
J. S. Lemnion.
J. I). Baker.
H. A. Parr,
G. A. von Llngen,' L. F. Loree.
Clayton C. Ball.
W.
.
J.WillcoxBrown, J. A. Tompkine,
S Mandelbanm,
B.N.Baker,
@FedFRASER