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I
pnstnrial
nmntfriw
Quotation
Supplement
Investors
Supplement
Entered according to Act of Congress, in
VOL.
(Monthly)
Street Railway Supplement
(Quarterly)
State and City
year 1902, by the William B.
tlie
Dana Company,
SATURDAY, SEPTEMBER
75.
Supplement ($mMm^
in the office of the Librarian of Congress.
NO. 1943.
20, 1902.
Week ending September
Qht
—
<&hxonitlz.
Clearings at
1902.
1901.
Inc. or
—Payable
of Subscription
in Advance
for One Year
$10 00
For Six Months
6 00
European Subscription (including postage)
13 00
European Subscription Sis Months (including postage)
7 50
Annual Subscription in London (including postage)
£2 14s.
Six Months Subscription in London (including postage)
£1 lis.
Above subscription includes—
Baxk and Quotation supplement
Street Railway Supplement
Investors' Supplement
State and City supplement
Boston
Providence
Hartford
New Haven
Sprinafleld
Worcester
Portland
Fall River
Lowell
New Bedford
Holyoke
I
Terms
of Advertising
—Per
Inch Space
Two Months
Three Months
Slx Mo nths
(
.'
-,
Twelve Months
(
$4 20
22 00
29. 00
50 00
87 00
(8 times)
(13 times)
(26 times)
(52 times)
Messrs.
Edwards &
Smith, 1 Drapers' Gardens, E. C, will take subof the paper at Is.
BANA COMPANY,
B.
Box
Office
Cleveland
Milwaukee
Columbus
I
...
udia-'apolis
,
Kayton
,
Wvansville
Springfield,
1900.
%
$
. .
111
Akron
,
Kalamazoo.....
Hockford
Springfield, O..
CLEARING H0USU BETUBFS.
Canton
,
Jacksonville
yu<ncy
Bloomington
Jackson
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the Ann
United States for the week ending to-day, Sept. 20, have
been §2,372,994,161, against $2,446,580,981 last week and
$1,895,762,918 the corresponding
week
1902.
Sept. 20.
1901.
..
,
Arbor....,
Mansfield
Decatur.
Total Mid. Western
.
Clearings— Returns by 'Telegraph.
Week Ending
New York
,
San Francisco
Salt Lake at y...
last year.
P. Cent.
124,017,823
6,716,100
2,595,726
1,471,401
1,381.074
1,588,628
1,311,434
814,613
508,903
402,550
323.073
-1-2
—11-2
97,667,651
134,301,525
—34
5,26(5'900
5,a3.S,400
2,224,302
1,253,903
1,250,049
1,180.331
1,058,804
556,604
2,470,805
1,500,038
1,361,472
1,423.785
1,519,672
139,385,428
141,131,331
—1-2
149,793,351
22,150,000
8,575.280
16,326,796
5.419.754
8,576,800
5,251,312
3,356,092
3,275,667
1,846.850
1,390,062
995,899
677,280
487,370
683,000
527,222
332,358
407,799
399,916
230,18'
..
Portland
Los Angeles
Seattle
Spokane
292.809
284,071
167,479
58,909
184,499
268,818
182,318,723
2,440,139
2,254.272
3,045,206
1,114,708
1,331,541
723,154
268,205
1 54,27"
25,762,494
2,355.392
1,821,948
2.138.634
2,241,496
1,262.494
1,156,378
718,004
398,155
129.864
46,650,291
39,776.987
+17-3
31,252,305
37,984,859
18,323.801
14,127,420
6,345.227
4,571,507
5,079,104
4,626,901
1,923,290
1,004,022
1,215,443
1,064.294
+9-7
—8-5
+9-6
+15-6
—4-5
16,720,925
12,312.438
6,073,667
4,409,252
3.650.393
4,232,303
1,363,810
924,934
1,224,73"
964,962
523,314
125,076
11,464.346
11,954,175
6,623,061
5,680.450
3,824,107
3,709,410
1,451,547
820,406
1,092,399
710,499
519,165
126,689
+34-9
Kansas City
20,098.86'
Omaha
Minneapolis
$1,957,011,538
415.982.023
$1,507,343,097
388.419.821
+29-8
St.
.$2,372,994,101
$1,895,762,918
+25-2
15,335.056
6,953,917
5,283,910
4,849,011
4,4)."). 813
2,205,888
1,025,202
1,534,008
1,389,459
,593,928
144,873
700,000
5 days.
All cities, 1 day
Total
all cities
for week...
St.
Paul
Denver
-I-7-1
Joseph
Des Moines
Davenport
Sioux City
Topeka
The
full details for
week covered by the above will be
We cannot furnish them to-day, clear-
the
given next Saturday.
uigs being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, Sept. 13, and the results for the corresponding
week
1901, 1900 and 1899 are also given.
Contrasted with
ek of 1901 the total for the whole country shows a gain
?2
e.
of 16-9 per cent. Outside of New York the increase over 1901
is 9-6 per cent.
m
Week ending September
—
Clearings at
1902.
1901.
Inc. or
Dec.
•
New York
Philadelphia..
Pittsburg
Baltimore
Buffalo
Washington.
.
Albany
Rochester
Syracuse
Scranton
Wilmington...
Binghamton
.
Chester
Greensburg....
Wheeilng
Wilkes Barre..
Utica
Total Middle
,662,0&3,123 1,376,846,725
107,876,053
92,127,856
44,512,016
23.903,404
6,288,106
3,346,800
3,427,229
2.053,672
1,239,375
1,115,381
1,113,213
386,100
314,473
459,560
793,297
690,74()
2,269.099
32,384,270
19,319,539
6,490.294
2,373,184
3,386,763
1.842,524
996,447
1,230,029
1,066,651
347,500
320,674
368,466
570,136
707,598
%
4-20-7
171
374
23-7
-32
+41-4
+1-2
+11-4
4-24-4
—9-8
+4-4
+11-1
—1-9
+24-7
1.859.582,548 1,540,390,656
1899.
$
$
747,650,330 1,098,748,228
86,708,200
80,342,895
25,172,627
26,316,296
17,098,145
18,259.294
5,445,402
6,003,144
1,922,020
2,001 ,388
2,518,178
2,497,080
1,843,864
1,955,796
1,098.249
1,032,881
1,067,222
944,275
967,210
931,025
354,200
358,100
250,000
297,338
324,634
235,000
—2-4
in to tal.
+207
St.
Louis
Orleans
New
Louisville
JJal veston
TJouston
Savannah
Richmond
Memphis
Atlanta
Nashville
Norfolk
Augusta
Knoxville
Fort Worth
Chattanooga
Jacksonville
4-39-1
Not include d
Colorado Springs...,
Total other West'rn
Birmingham
Mmcod
Little Rock
13.
1900.
Wicl ita
Fremont
887.753,863 1,244,569,760
Beaumont
Total Southern
Total all
Outside New York.
959,849
805,684
330,080
511,200
398,190
468,700
339,100
285,114
252.641
255,720
179,280
17,637,820
+30-9
+23-4
all cities,
.
185,194,975
$1,297,471,634
209.871,463
Total
10,169,0035,315,422
5,259,000
2,611,722
2,060.070
2,093,473
1.137,608
+39
§1,698,106,722
258,904,816
Total Pacific.
126,723,278
13,948,600
8,224,988
+14-1
—5-9
+7-5
+50-3
+36-3
+50-8
+8-1
+32-0
—17-8
—2-8
Seven cities, 5 days.
Other cities, 5 days
4-21-9
4-33-1
Helena
—2-0 127,545,385
152,920,362
17,101,650 +29-5
13,783,700
10,838,800 —209
8,045,305
13,036,090 +25-2
10,401.103
6,795,073 —202
5,210,925
6,216,000 +38-0
4,875.500
3,604,630 --457
2,953,538
2,170.444 --54-0
2,039,047
2,898,944 --13-0
3,460,489
--334
1,384,200
1,169,414
1,181,655 --17
1,134.225
778,970 --279
872.529
—4-0
562,821
327,110
525,000 +29-0
413,559
-8-2
530,891
440.223
534,400 +27-8
494,000
423,383 +245
340,452
+9-1
304,594
266,153
309,952 +31-6
300,658
334,218 4-19-7
271.385
+1-1
227,784
173,076
248,273 +17-9
215,000
245,535 4-15-9
223,788
135,097 4-24
116,750
67,782 —131
+207-5
60,000
50,000
Not include d in to tal.
719,435
625,897
429,703
315.000
150,500,732
23,169,628
3,385,939
2,900,000
3,094,802
3,400,496
1,141,122
1,333,210
556,761
476,159
258,810
Baltimore
Chicazo
St. Louis
New Orleans
Fargo
Sioux Falls
27-6
497,179
347,483
295.395
111.604,661
223,430,560
+33-9
+9-0
+29-7
+44-4
Tacoma
132
+24-4
26,437,998
3,187,205
3,118,176
4,651,094
4,715,378
1,721,926
1,441,297
734,041
391,515
251,661
$969,554,313
98,654,230
69,586,067
15,318,836
107,433,933
29,300,000
7.624,255
Philadelphia.
4-7
2-2
--2-0
--5-3
14-1
232,282,409
81,297,894,352
107,518,182
90.280,549
22.117,876
131,008,572
39,004,508
10,282.683
Boston
1899.
122,532,555
5,903,200
2,506,541
1,540,933
1,411,550
1,630,492
1,381.253
929,876
576,026
500,609
412,393
540,44'
Lexington
NEW YORK.
9">S.
lirand Rapids.,
Youngstown
Publisher*,
Pine Street, Corner of Pearl Street,
Post
Cincinnati
Detroit
Toledo
and advertisements, and supply single copies
WILLIAM
New England
I'eoria
L ONDON A GENTS :
scriptions
each.
Total
Chicago
Transient matter
qtAndincr Business
-RnsiTip«« Cards
Tarda
Standing
,
13.
Dec.
PUBLISHED WEEKLY.
Terms
(^Annually)
2,382,98:
—39
+14"
+2-0
+26-3
+30-5
+2-1
581,993
+9-6
132,208
1,036,312
—324
64,559,733
60,032,194
+7-5
52,525,711
50,976,254
48,204.341
10,970,768
9,688,040
4,304,500
7,200.000
3,873,915
4,012,315
2,346,388
2,525,859
1.803,189
1,485,00"
2,131,379
810,000
1,869,414
1,054,421
679,000
741,436
575,000
335,000
310,000
43,846,032
8,201,682
7,754,128
3,279,500
5,000,000
2,923,709
3,513,507
2,241,768
1,962,044
1,451,723
1,250,708
837.552
506,130
1,772,876
808,102
400,000
r
571,55
487.371
345,000
+10-1
-338
32,271,743
9,473,777
6,444,515
31,841,294
6,693,935
7,591,696
3,647,250
4,516.447
2,990,986
3,766.827
2,029,367
1,568,183
1,420,166
948,698
1,825,962
531,477
624,881
590,701
545,000
341,042
328,060
216,674
.
-
--24-9
--28-6
-
784,517,858
715,680,432
27 ,534,1
16 ,737 27f
8 ,461, 020
20,882,427
12,493,S11
2,285,143
1,550,000
813,590
915.325
680,437
1,196,085
1,462,274
3,700,000
7,043,234
2.841,509
2,058,326
1,740,729
1,158,030
1,297,726
2,488,240
608,897
952,336
710,000
798,000
-325
--14-2
+4
2S-7
-
-242
18-8
15-4
--60-0
—22-7
+30-5
--67-2
--29-7
--18-0
445,515
400,000
200,720
—2"
Not include d
104,170,572
87,759,429
,446,580,981 2,092,527,15'
-31-3
-
in to tal.
74,633,297
+18-7
72.018,646
+169
1,342,964,812
,738.388,974
+96
595,314,476
63y,640,740
+31-9
+34-0
14,455.620
9,433,790
1,719,214
1.485.397
764,192
871,335
727,492
1,038,007
15,000,000
9,437,555
2.060,208
1.434.924
915,468
698.294
761,076
1,198,821
Canada—
Montreal
Toronto
Winnipeg
Halifax
1, ,035,!S)47
Hamilton
John
St.
Victoria
...'
781,-418
928,' •.in
591,1621
Vancouver.
,320,'7:
Quebec
Ottawa
,717,!849
Total Canada
II
238, 188
54.704.382
4-51-5
+55
+09
—4-0
—131
+10-4
417-4
Not include din to
42,279.092
+29-41
tal.
30,495,047
M
31,556
THE CHRONICLE.
578
United States bonds.
THE FINANCIAL SITUATION.
The money market
situation has not only contlnned
a topic of discussion has become even more engross-
We
tary
indicated last
week the
Shaw had encountered
difficulties Secre-
in his endeavor to return
to the banks his surplus revenue receipts.
The
ob-
— through which
has on previous occasions been sought, and to a
greater or
extent been secured— requires for
structive fact
LXXV.
We
hardly think the statute
him the right to do that. It reads that "the
Secretary of the Treasury shall require the associations thus designated to give satisfactory security by
the deposit of United States bonds and otherwise/'
gives
to be the foremost influence the current week, but a 8
ing.
[Vol.
that every avenue
be noted that the law (1) does not say the
security taken is to be discretionary with the SecreIt will
tary, that is
satisfactory to the Secretary, but simply
it must be "satisfactory," or as we should interpret
beyond a doubt ; and (2) that it does not read the
its security must be United States bonds "or" something
less
availability the purchase or the borrowing of United else, but "and" something else; hence (3) the meaning
States bonds; this requirement has shut out all those is, if for any reason United States bonds should be unways from the usable list. He could not offer to pur- der a cloud they must be "otherwise" supplemented so
chase bonds, beoause there were none for sale except as to be made absolutely "satisfactory." We discussed
at prices so high as to tempt banks to sell to the this question years ago and then suggested that
Government their bonds deposited in the Treasury Congress should widen this authority ; but it has never
and retire circulation. He could not make his plan been done. Even, however, if the Secretary should be
workable, except in a moderate way, for large banks to led to think that the security to be given was in some
obtain and put out large additional bank-note circula- measure discretionary with him, he would scarcely be
is
that
relief
it,
procure or
notes,
would
supply
of
have to
be entitled to the new
He
secure bonds and deposit them in the Treasury.
could not even deposit further Government funds in
the depositary banks because a precedent condition
under the law as it has always been interpreted was
that United States bonds must be deposited as se-
willing even then to disregard the words of the statute,
curity.
Government
tion, because the banks, before they could
Thus
it
which names Government bonds, and disregard also
the invariable action of
all his
practice under section 5163 of
We
predecessors in their
the Revised Statutes.
notice since the above was written that Secretary
Shaw has
to put up
refused a request from a bank to be allowed
security other than United States bonds for
deposits.
has happened that each of the ordinary
series of expedients
for relief has,
when
—
tried,
been
confronted by the same dilemma a fundamental
statutory requirement of United States bonds, with
the needed bonds not within reach. If home expedients were alone available, the public, typically speak,
ing, would have had to continue asking for bread and
getting a stone. We hardly need to say that in the
While we have been struggling with the obstacles
which our crude legislation has set up against the free
action of the money market, natural influences were
at work bringing relief from the troubles our mistakes
have been causing. Ever since we settled the silver
issue by putting our currency on a gold basis, the
monetary relations of the United States with European rations have been growing more and more inti-
becomes obvious that our
financial machinery is marvelously defective and that mate.
Confidence in the stability of values has
our paper currency fails to possess the chief property opened the money vaults of the world and made their
a circulating medium ought to have. Secretary Shaw capital accumulations everywhere responsive to our
fully realized the nature of the problem and his ex- needs.
Last week notification was received that gold
tremity, when he decided this week to anticipate the in Australia destined for Europe had been diverted to
first of October interest, and especially when he had the United States. This week more from the same source
a list prepared of those national banks throughout the of supply has been withdrawn for New York. But becountry which held free or unpledged bonds at the sides those shipments, rates of exchange further dedate of their last report, and sent notice to all such clined, permitting the destination of South Af rioan gold
that if they would send these bonds to the Treasurer to be changed from Europe to America, and finally perIn sums of fifty thousand dollars or more they would mitting the securing of gold at London for New
"be designated as temporary depositaries and the York, so that the amount reported afloat for the
face value of the bonds would be deposited with them United States the last two weeks has reached about
Thus the need here having been for the
to the credit of the Treasurer of the United States." $8,000,000.
Mr. Shaw thought that by this last method a little immediate future satisfied and a source made maniover four million dollars could be released of the fest from which New York could get further relief if
amount his surplus revenue had taken from the banks; the crisis warranted, our money rates declined and exthis effort, it is now announced, has been fully suc- change hardened, though subsequently fluctuating.
We are accustomed to explain this kind of eddy in
cessful, the Secretary having designated thirty new
We do not suppose the money flow by saying that the gold has been obdepositaries since Saturday last.
money
has
been allotted to tained on drafts antioipatory of cotton exports and
this
any,
of
that much, if
New York banks. It will, however, indirectly act to breadstuffs shipments. While accepting that as one
relieve the situation at this centre, as whereever side of the story, it is to be remembered that accordplaced it will help in the crop movement or new busi- ing to all reports we started the current season conness demand and to that extent lessen the drain on siderably in debt to the outside world. Recently, also,
New York. Still it is by itself but a drop in the we have been importing much more largely and exbucket, for the accumulations in the Sub-Treasury porting less liberally of general merchandise. The
foreign trade statement for August issued this week
continue.
added to the previous month of July together show a
It has been claimed that Secretary Shaw ought to net favorable balanoe in 1902 of only $25,666,000,
assume the responsibility in the present situation of against $71,267,000 for the same two months
1901.
When the September statement is
affairs of accepting for deposits securities other than of
light of such experiences
it
September
THE OHKON1CLE.
1903.]
20,
579
mileage has been gradually enlarged in a
than
Altogether the system
with 1901
the
fore- careful and judicious way.
worse comparison
This is 283 miles more
that
iron embraces now 1,095 miles.
going, while the market report is
We may say, furthermore, that
orders for quick delivery are to-day being placed in than ten years ago.
than
they
have
been
scale
property
is represented by a total in
at
any
of
the
the value
Earope on a larger
issued,
it
no doubt
will
disclose
a like
not
if
a
time during this abnormal movement. With these
facts in mind it is obvious that the dominating influence which has caused the reported gold shipments
for New York the details of which will be found
lower down in this article has been the high money
This fact is of interest
rates which have prevailed.
money strain should
that
if
the
indicates
becanse it
become acute again, more gold will be shipped, but if
money rates ease off we are not likely to import gold
—
—
the current year.
Our Cotton Exchange seems to have secured a decided and much-needed advantage for New York
City's trade in cotton without apparently doing harm
to any other section. It
is
a case, too, of putting rates
shipments through New York and
not putting them up anywhere else. Should all that has
been claimed for the new arrangement prove in practice to be realized it will turn out to be an ideal
change. These concessions which the railroads have
made were secured through the Trade Committee of
the Cotton Exchange, the report of the committee
down
for certain
We
Monday.
posted
being
give
it
in
full
to-
—
Three matters each
day in our cotton report.
an affair that has been sought for years by
the trade here are covered by the committee.
—
The
first
relates
prevailed against
to
a
to export
New York
cotton,
the
The amount
the balance sheet of $55,629,000.
of the
funded debt on Jane 30 1902 was $46,806,765, this
including $9,104,000 of second mortgage income bonds
and $10,000,000 of land grant income bonds bearing
no obligatory fixed charges.
During the late year there was a further addition
to gross receipts in
amount
of $459,414, bringing the
This compares with $6,127,942 in the year preceding and with only $3,319,131 in
1892-93. In the last nine years, therefore, these gross
Owing to an augreceipts have just about doubled.
mentation of $646,685 in expenses, the net earnings
for 1901-02 fell somewhat below those of 1900-01, being
But back In
$1,882,419, as against $2,069,870.
1892-93 the amount of the net wa3 no more than
Thus we have a noteworthy record of
$759,139.
growth and expansion. Allowing for income from
investments, the total net income for 1901-02 was
The obligatory fixed charges for the
$1,930,171.
same period of twelve months were only $1,064,417,
leaving a surplus over the fixed charges in the sum of
As in the previous year, the whole of this
$865,754.
latter sum is to be applied towards paying arrears of
interest on the Louisville New Orleans & Texas second
mortgage bonds, nearly all of which are held by the
total
up
Illinois
to $6,587,356.
Central Company.
The
on these
interest
which has bonds is payable only if earned, but is cumulative.
doing business On June 30 1902 the unpaid arrears amounted to
discrimination
in
with the New England manufacturers. Heretofore
the freight rates from the South to Fall River, for
instance, have been less than the rates from the same
point when the shipment was stopped at New York
Now, in substituting cotton the
for substitution.
shipper will note in the bill of lading for substitution
in New York and pay the rate from the point of
origin to the city of New York; when he desires to
substitute the cotton on a shipment to a mill, he will
pay the difference between the New York rate and
the rate to the mill point; together these two payments will only be the single rate from the same locality to the New England mill.
Toe second matter
relates
and
and includes
all
cotton
$4,879,507.
What makes
the farther gain in
in the late year quite noteworthy
in face of a falling off in
traffic
is
that
and earnings
it
was effected
some important items
For instance the failure of the corn crop
of traffic.
last season
led to a reduction in the exports of corn through
New
Orleans from 20,928,253 bushels in 1900-01 to
2,159,531 bushels in 1901-02, depriving the company
of a large tonnage passing over the whole length of
Memphis
the railroad from
to
New
Orleans.
The
abundant corn crop raised the present season ought
to bring about quite an increase again in the export
movement through New Orleans the current fiscal
year.
One result of the loss of this corn tonnage was
an increase in the company's average receipt per ton
per mile from 0*831 of a cent to 0972. The report
tells us that there was no material change in the rates
shipped subject to substitution via New York for export.
The shipper pays the flat New York rate, and
when shipment is moved to its ultimate destination
the ocean rate will be as low as by any other Atlantic themselves.
seaboard port on that day. The third matter is that
hereafter the shipper can route his cotton as he
The accounts recording the present condition and
chooses.
future outlook of the copper trade still continue decidedly conflicting.
of
In advance of the appearance of the annual report
the Illinois Central Railroad Company, we have
this
ley
week the report
Railroad, which
Central, but
is
of the
Yazoo & Mississippi Val-
No
sooner does one authority
promulgate a statement wearing a favorable look than
another authority comes out with a long array of
figures going to prove that the prospects are not satis-
—
is controlled
by the Illinois factory quite the reverse. Just now there is conoperated as an entirely separate and siderable dispute as to whether the stock of copper on
The custom
keeping the accounts separate and of issuing a separate annual report serves the good purpose of showing how the
traffic and earnings of the system are being developed
year by year. This growth would hardly be so apparent if the accounts and operations were merged with
those of the Illinois Central.
The system is an im-
hand is large or has been reduced during the last few
months to comparatively small figures. As far as the
ordinary layman can judge, one party is just as likely
to be right as the other, for everything depends on
the consumption of copper, on which point estimates are little better than conjecture, there being no
portant one,
on the situation
distinct
New
property.
Orleans
too.
&
It
of
comprises the old Louisville
Texas, which was absorbed in 1892,
conclusive data available.
compilations
is
The
best light
we have
that furnished by the monthly
prepared
by Mr. John Stanton.
Mr.
THE CHKONiCLK
580
[Vol.
LXXV,
this week made public the figures for the baDks.
The payments of October interest at the New
August and it cannot be said that they indi- York Sub-Treasury amounted up to Thursday to
cate any charge as compared with the returns for the $1,510,000.
Transfers of currency to New Orleans
months preceding. Despite the low price of the and Chicago through the Sub-Treasury during the
metal, production both here and abroad is on a large same time reached $1,100,000.
scale, while exports from this country are now of only
The money market promises likely to be relieved
ordinary proportions. We give below our usual table shortly in some measure through arrivals of gold from
showing exports and production for the last three London, South Africa and Australia. On Monday $500,years, both for the month of August by itself and for 000 of the gold which, as announced last week, was
the eight months of the calendar year ending with engaged in Australia, arrived at San Francisco, and
August.
on Wednesday $440,000 of this sum was transferred
Copper Production.
-August.r-Jan. 1 to August 31—. to thia city through telegraphic Treasury order, and
Tons of 2.240 lbs.
1901.
1900.
1902.
1901.
1902.
1900.
thus it was made immediately available; it is probable
192,493 178,046 178,666
U. S. production
25,296 22,687 21,067
122,122
xports
19,429
6,840 13,861
63.691 116,776
that on the arrival at San Francisco of the other con-
Stanton baa
month
of
Remainder
12,86/
15,827
7,206
9.504
8.180
7,535
70,871
114,355
62,880
71.260
64,281
68,121
duction of foreign reporfc-
gmines
The only
really definite
fact to
be deduced from
shows improvement as compared with last year, when the situation was extraordinarily bad Dy reason of the artificial price maintained
at that time for the metal, which had the effect of re
ducing exports to small figures and leaving the bulk
of the domestic production at home.
For the month
of August the amount of domestic copper re
maining after allowing for the foreign shipments
was 12,867 tons in 1902, a? against 15,8?7 tons ia
1901, but as against only 7,206 tons in 1900. For
the eight months to August 31 the comparison is precisely the same.
The excess of production over ex
ports for these eight months of 1902 is found to be
this statement
is
tbat
it
only 70,371 tons, as against 114,355 tons in 1901 ; in
1900,however, the amount was but 62,880 tons. For
eign production shows a steady and quite large in-
months of 1902 being
71,260 tons, whereas in the corresponding period of
1901 the output was only 64,281 tons and in the same
crease, the total for the eight
eight
months
of 1900 bat 58,121 tone.
There was no change in official rates by any of the
European banks this week, and unofficial or open
market rates were firm at all the chief centres. The
feature of the statement of the New York Associated
Banks last week was the reduction of $3,381,975 in
surplus reserve, to $715,075, the lowest since Novem
ber 25 1899, when there was a deficiency of $6,652,200.
The loans showed a decrease of $6,875,900, or
signments now in transit a similar course will be pursued. It was announced on Tuesday that the National
City
Bank had
intercepted $2,500,000 gold which was
in transit from South Africa to London, and that on
would be trans-shipped
York. This gold is understood to have been
forwarded from Johannesbujg smt iters, and it was
probably bought by the City Bank at a price somewhat
less than that of fine bars.
The fall in the rates of
exchange this week enabled bankers to buy gold in
London for shipment to this city, and it is reported
that $1,000,000 of this gold will arrive early next
week; a lot of $750,000 more will be received later.
The gold now reported to be in transit from the various sources above named amounts to $7,950,000.
This includes $2,500,000 from South Africa, $2,200,000 engaged this wetk in Melbourne, $2,000,000 previously reported from Melbourne (less $500,000 arrived), making $3,700,000 from Australia and $1,750,000 from London. The Bank of British North America and the Canadian Bank of Commerce have each
received checks for $250,000, representing Yukon
gold deposited at San Francisco and Seattle. The
transfers of currency to Chicago and New Orleans
through the Sub- Treasury during the week have
amounted to $1,751,000. The Sub Treasury absorbed
from the banks during the week $2,600,000, notwithstanding the disbursement by that office of $2,200,000
for pensions and $1,500,000 for October interest.
Customs receipts were about $1,000,000 per day.
its
to
arrival at its destination it
New
Money on
call,
representing
bankers'
balances,
$29,649,100 since August 16; specie fell off $5,818,- loaned at the Stocx Exchange during the week at 20
500 and legal tenders decreased $1,220,700, making per cent and at 4 per cent, averaging about 10 per
the total net loss of cash $7,039,200, or $19,280,700 oent. On Monday loans were at 20 per cent and at 6
since August 16.
Deposits were reduced by $14,628,- per cent, with the bulk of the business at 15 per cent.
900, or $51,476,700 since the
above-named date.
The The higher
rate was in some measure influenced by
payments
for Oregon Short Line bonds and to
the
preparations for the disburse ment of dividends on
Standard Oil and Consolidated GaB stocks. On Tuesday transactions were at 14 per cent and at 4 per cent,
with the majority at 10 per cent; there was a better
feeling in the market, caused by the announcement
On Wednesday
of engagements of gold for import.
were
made
per
loans
at 10
cent and at 6 per cent,
reserve requirements were decreased $3,667,225, which
sum deducted from the loss of cash leaves $715,075
surplus reserve.
Shaw made
On Saturday
public the fact
week Secretary
that he had sent noof last
national banks throughout the country
held free bonds that is, not pledged as
tice to all
which
—
security for deposits of public funds or for circulation
—that
the banks would forward such bonds to the
Treasury he would designate these institutions as temif
with the bulk of the business at 8 per cent; the tone
porary public depositories and place therein Government funds to the par value of the bonds so deposited.
was
easier.
On Thursday
per cent and at
6
transactions were
at
9
per cent, with the majority at
tone was again easier. On
at
6
loans were at 8 per cent and
per oent, with the bulk of the business at 7 per cent.
Banks and trust companies generally loaned at the
The total amount he thought would be released in that 7 per
way was about $4,000,000. As a further measure of Friday
cent,
and
the
he announced that he would anticipate the payment of the October interest on the public debt,
amounting to about $4,200,000. It was reported this market rates and few or none below 6 per cent. Time
week that as the result of Mr. Shaw's offer $4,200,000 money was quite firmly held early in the week at 6 per
had been placed in thirty of the newly-deeigcated cent for all periods frcm three to six months on good
relief
I
.
September
THE CHRONICLE
20, 1902.]
581
quoted at an advance in the asking rate of 10 points,
to 4 8250@4 8275 ; short was 10 points higher at
4 8535@4 8550, and cables were 10 points better for
On Wednesday there
the asking rate at 4 86@4 8625.
was a sharp recovery of 15 points in long and cables,
to 4 8265@4 8285 for the former and to 4 8615®
with institutions in the interior. Rates are nominally 4 8640 for the latter ; short was 30 points higher at
On Thursday the market opened
54- per cent for sixty to ninety days, endorsed bills re- 4 8565@4 8585.
ceivable, 6 per cent for prime and 6£ per cent for good quite strong, influenced by easy money and also by a
demand for remittance, but later there was a partial
four to six months' single names.
Rates at the close were 35 points higher for
decline.
mixed Stock Exchange collateral; some loans were
reported at 6 per cent and a commission, making the
After Wednesday
rate equal to about 7 per cent.
there was an easier tone, though 6 per cent was mainCommercial paper was entirely neglected by
tained.
the local banks; some business was done, however,
The Bank of England minimum rate of discount
remains unchanged at 3 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
3@3i per cent. The open market rate at Paris is 2 per
cent, and at Berlin and Frankfort it is 2f per cent.
According to our special cable from London, the Bank
of EcglaDd gained £77,519 bullion during the week
and held £37,623,392 at the close of the week. Our
correBpondevt
further
advises
us
that
the
gain
was due to receipts of £363,000 net from the interior
of Great Britain, to imports of £15,000 bought in the
open market, and to exports of £300,000, of which
£150,000 were to Austria, £100,000 to South America
and to sundries £50,000.
83@4
long at 4
4
4
8590@4
8650@4
8325, 25
and 35 points higher for cables at
8660. The market was easy on Friday morn8610,
ing, closing barely steady at a decline of 15 points for
long and short to 4 8285@4 83 for the former and to
4 8575@4 90 for the latter, while cables were 10 points
8640@4
lower at 4
The
8650.
following shows daily
posted rates for exchange by some of the leading
drawers.
FKI..
MON.,
Wed.,
TUE3.,
Sept. 12. Sept. 16. Sept. 16. Sept
\f^
Brown Bros
Baring,
Magoun & Co.
Bank British
.
J
(
60 days
Sight
60 days
.
4 84
4
86*
84*
4
87
4
484
No. America.. \ Sight.. 4 88*
60 days 4 81*
Bank of
*87
Canadian Bank J 60 days 4 84*
5
(
Foreign exchange was exceedingly sensitive to the
changes in the tone of the money markat during the
week, rates declining when money was dear and rising
points better for short at
of Commerce.
Heidelbach, Ickelheimer & to.
.
Lazar i Freres
<
(
(
. .
j
when money grew
Sight .
60 days
Sight ..
J^
|?
8
4 87
4 84
4 86*
4 81
4
86*
84*
THUK.,
Fri„
17. Sept. 18. Sept. 19.
83*
86*
83*
86*
83*
83*
86*
83*
81
84
86
86
86*
83*
83*
88*
83*
83*
86*
83*
88
86
86
83*
83*
83*
88
83
86
83
86
88
8)
86
83
86
86
83
86
86*
83*
86*
83*
88*
83*
88*
83*
86*
83*
86*
88*
88*
83
86
83
88
83*
86
83*
83
86
84
87
83*
86*
83*
88*
84
67
84
87
easier.
Bankers sixty and ninety Merchants' Bk. 60 days 4
83*
83*
83*
83*
of Canada ....(Sight.. 4 87
86*
86*
86*
86*
day drafts, representing sterling loans, were freely
The market closed at 4 8285@4 83 for long,
sold early in the week, and there was then a good sup4 8575@4 8590 for short and 4 8640@4 8650 for cables.
ply of commercial bills against cotton and grain which
Commercial on banks 4 82^@4 82| and documents
were pressed for sale because of dear money. Bankers
for payment 4 82@4 83£.
Cotton for payment 4 82®
eight bills were weak until Tuesday, when there was
4 82£, cotton for acceptance 4 82£@4 82f and grain
a demand for remittance, and also to cover gold im-
ports.
(
Oa Wednesday
the market for these
for
bills re-
covered and the tone was strong on the following day,
influenced by easy money, but at the close of the day
payment 4 83@4
The following
no
83±.
gives the week's
and from the interior by the
movements of money
New York
banks.
Gold engagements
Btttived by
Shipptd b%
ff«t Inttrw
Week Ending Sept. 10, 1903.
N. T. Bank*. N. T. Bankt.
Mcvmini.
reported this week were $2,500,000 by the National
$4,178,000
16,766.000
Loss $1,688,000
€ity Bank of South African bullion; $1,000,000 by Jarreney.
torn
694,000
949.000
Loss.
256,000
this bank bought in London ; $1,200,000 by J. & W.
Total gold and legal tender*.
$4,872,000
16,716,000
Loss. $1,843,000
Sellgman; $500,000 by Ladenburg, Thalmann & Co.,
With the Sub-Treasury operations the result is as
and $500,000 by Lizard Freres, in addition to that
follows.
bought last week of Australian gold, and $750,000
Inf
Out e]
iStt Oh*nt»
bought by Ladenburg, Thalmann & Co. in London;
Wttk Sndint Sept. 19, 1902
flanks.
Bmnki.
Bank JHoJ44nji,
total,
The Bank of British North
$6,450,000.
lanki ulterior movement, as above
$4,872,000
$6,716,000 Loss. »1,818,C08
America and the Canadian Bank of Commerce have Snb-Treas. operations
£4,750,000
28.400,000
Loss. 1.353.CGO
this wetk, as above noted, received $250,000 each in
Total gold and legal tenders.
$28,272,000
$31,465,000
Loss. $3,193,oou
Assay Office checks, representing Yukon gold, and
The following table Indicates the amount of bullion
there was a recession in rates.
»«•
the last-named institution has advices of $250,000
more which will arrive at Seattle in about ten days.
The Assay Office paid $852,113 56 for domestio
bullion.
«
*he orincipal European banks.
Sept. 18, 1903
ifnk
Gold received at the Castom House during
«el«l
the week, $24,612.
BUv*r.
£
Nominal quotations for exchange were reduoed
during the week by some drawers to 4 83 for sixty
day and 4 86 for sight at the close of the week they
were 4 83^@4 84 for the former and 4 86^ @ 4 87 for
the latter. Some business was done on Saturday of
last week at a decline compared with the previous
day of 16 points for bng, to 4 8275@4 83 ; there was
;
an advance of 10 points in asking rates for short
while cables were unchanged.
On Monday the
market was weak at a deoline of 25 points for long, to
4 8250@4 8265, and of 25 points for short, to 4 8525®
4 8550 j
cables were unchanged
at 4 86@4 8616.
On Tuesday there was a partial recovery, long being
Sept. 19, 1901.
»r
Jngiand
Total.
0oM.
Silvtr.
*
£
£
lo'-ti.
sT~
37,628,392
87,623.892 39,508,643
£9 606,643
francs.
104.088,442 45,086,667 149,163,999 96,103,067 44,638,533 140.741,600
JennanjV
85.103.000 12,933,000 49,086,000 33,898,000 13,183,000 47,031,000
inula
72,707,000 8,368,000 81,075,000 87,877,000 7,084.000 74,901.000
voi -Hung'jt 46,786,000 12,401,000 68,189,000 43.4S0.OOC 10,937.000 54.857.000
ipaln
14,251,000 19,437,000 33,688,000 14,004.000 17.116,000 81,119,000
taly
16.082,000 2,064,803 18,186,800 16,837,000 1,966,430 17,853,4 )3
.
.
.
.
Netherlands.
<at Belg'm*
'OUthli
4,74 1,8 JO
6.545.500
3,110.667
1,670,338
11,287,300
4,711,000
6.353,200
3,045,3)0
6.627,8 X)
1.688.7J0
11,880,000
4,563,000
week
Pnt. nrev.
333.497.301 108455190 441.652,491320,003,209 102C03433 433.006,643
w'k 334.2*9.880 108921014 443.170,844 319 036.840 103747044 421.773.384
* The division (between gold and sliver) given In onr table of coin
and bullion In the Bank of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain In neither case Is it
alarmed to be aoonrate, as those banks make no distinction In their
weekly returns, merely reporting the total gold and silver, but we
believe the division we make Is a close approximation.
t The Austro-Hungartan Baak Statement is now Issued in Kronen and Hecer Instead of Gulden and Kreutser. The reduction of the former enrrenoy to
sterling £ was by considering the Gulden to have the value of 60 cents. At
;
the Krone has really no greater value than 20 cents, our cable correspondent in
London, in order to reduce Kronen to £, has altered the basis of conversion by
dividing tne amount of Kronen by 24 Instead of 20
THE CHRONICLE.
582
THE DENVER & RIO GRANDE REPORT.
There
are no territorial limits to the present era of
railroad prosperity,
and the Denver & Kio Grande
Railroad Company, a system in the remoter parts of
the country, is as much distinguished for growth and
progress as the great systems traversing the more
—
thickly populated sections of the East making allowThe present reance, of course, for its smaller size.
port embraces the operations and accounts of the Eio
Grande Western, the process of acquiring the same
having been substantially completed. We have on
previous occasions given expression to our opinion of
the wisdom of this move. The Rio Grande Western
forms a natural extension of the Denver & Rio Grande,
and was in fact built as such. Through Its absorption
the western confines of the Denver system are extended to Ogden in Utah, where connection is had
with the lines for San Francisco and to the North
Pacific coast.
The
consolidated system not only holds a strong
[Vol. TiXXV,
feature In railroad affairs generally as they
now
are,
&
Rio Grande was distinguished in that
respect.
The policy was deliberately entered upon,
and has been steadfastly adhered to since. Prior to
the present year cost of road had not been burdened
with any additions since 1887. As the accounts of
the Rio Grande Western Railway have been incorporated in the statements, a re-arrangement of some of
the items has been made, and as part of the change
betterments have now been transferred to Cost of
Road. A separate statement is included in the report
this time to show the nature of the adjustments made
under this head. This is the work of Mr. Stephen
Little, and it is needless to say that he sets out all the
facts with great clearness and in such a way that even
the wayfaring man cannot go astray.
Another special statement sets out the adjustments
which have been made in equipment account. This
shows all the purchases by the old Denver & Rio
Grande Railroad and also all the purchases by the Rio
Grande Western Railway and it has the further merit
the Denver
from a geographical and strategic point of of disclosing just where the money in payment came
view, but Is of large earning power. For instance, from that is whether from new capital or from earngross earnings from operations in the late year reached ings.
The old company gave orders during the year
Even
the
net
dollars—
million
$17,036,828.
over 17
for equipment costing approximately $4,072,000.
Of
earnings were close on to 6f million dollars; in exact this, locomotive and cars to an aggregate value of
figures $6,705,286, which income from investments $2,165,908 were delivered and paid for.
The Rio
interest,
increased to $6,871,048. The charges for
Grande Western on its account paid for $698,868 new
rentals, taxes and insurance were not much more than equipment, making altogether $2,864,776 of payone-half this amount, being $3,668,423, so that a sur- ments for the consolidated system.
Of the total
plus remained on the operations of the 12 months $603,800 was charged against income and the
over and above the charges In the large sum of renewal fund, and $2,260,976 was charged to capital
position
—
This obviously discloses a very favorable account.
situation in relation between income and charges.
Few persons outside of those immediately interThe 5 per cent dividends on the preferred stock called ested in the property probably have any idea how confor $2,220,000, and out of the remainder the sum of stantly and largely the earnings, gross and net, of this
$500,000 was appropriated towards the purchase of system of roads In the mountain regions of the West
new freight equipment, and a further sum of $120,000 have grown during the last few years. Since 1896 97,
waB set aside for the renewal fund. Altogether, when the collapse in silver caused a severe drop in
$620,000 of net income was applied in this way, and revenues, there has been a rise in earnings in each
even after providing for this sum, and after allowing year, and for 1901 02 the total of the gross at $17,in full for the 5 per cent dividends on the preferred 036,828 compares with only $9,413,618 in 1896-97, the
shares, there remained a credit balance of $362,626 results on the Rio Grande Western being included in
both periods. In the same interval of five years the
on the operations of the 12 months.
The direct and specific appropriation from income net earnings have increased from to $3,733,738 to
There has been some addition to length
of $620,000 was entirely independent of very generous $6,705,286.
appropriations for renewals and betterments charged of read in the same period, but not a very large addiAs proof that maintenance out- tion, the average for 1901-02 at 2,347 miles, compardirectly to expenses.
The result
lays were on a liberal scale, we may note that for ing with an average of 2,212 in 1896-97.
maintenance of way and maintenance of structures is that the earnings per mile of road for 1901-02 stand
combined the total of the expenses for the 12 months at $7,259, as against $4,256 for 1896-97, and the net
was $2,456,233. As the length of road is 2,390 miles, at $2,857, against $1,688.
The further increase in the gross earnings in the
this gives an average of over $1,000 per mile of road
operated. The charges for maintenance of equip- late year was $677,218, and this was accompanied by
ment (we mean apart from the $500,000 appropriated no augmentation in expenses, but rather a small deThe greater part of this further increase in
for new equipment) were also on a very liberal scale, crease.
the
12
months
for
reaching
revenues was in the passenger business, which rose
$1,718,379.
In reviewing the company's annual report from year from $3,132,612 to $3,694,885, offering evidence of
to year, we have many times directed attention to the the great activity of industrial interests in that part
wise policy pursued in its management under the ad- of the country. The increase in the passenger busiministration of President Jeffery. The late year's ness necessitated of course an increase in the pasappropriations from income constitute merely a con- senger train mileage, but as indicating one of the
tinuance of this line of policy. The report casually means that made possible the reduction in the grand
mentions that no expenditures on the Denver & Rio aggregate of expenses, it may be noted that the freight
Grande Railroad were charged to capital account ex- train mileage was diminished during the 12 months
This is said in a matter of from 7,113,668 miles to 6,762,078 miles, notwithstandcept those for equipment.
fact way, as if it were nothing out of the ordinary. ing that 998 million tons of freight were carried one
In truth it is not out of the ordinary. For long be- mile in 1901-02 as against les3 than 979$ millions in
$3,202,625.
fore appropriations
from income had become such a 1901-01.
September
THE CHRONICLE.
20, 1902.]
It appears that
the rate received per ton per mile
was slightly less in the late year than in the year preceding, being 122 cents against 1*24 cents, bnt that
notwithstanding this decline the trains earned $2 43
583
spect to train movement ; and as the figures of reported speeds in France and the United S f ates have
been made and copied without very careful sifting,
and are sometimes exaggerated, some restlveness on the
per mile run, as against only $2 26 in 1900-01. The ex- part of German officials is natural and pardonable.
The subject of railway speed has no novelty here,
planation is found of course in the decrease in train
mileage and the corresponding increase in the train and yet it is a more interesting one than it was, say,
The average train load for 1901-02 was 199£ ten years ago, because the increasing number andt
load.
tons roughly, as against only 182£ tons in 1900 01. achievements of the fastest trains, which have someThis is revenue tonnage alone, and for a road in the effect on the average performance of the rest, make
mountain districts such a performance must be con- the subject practical rather than academic. MoreThese train statistics have not over, what has '^been accomplished is at once the best
sidered very good.
been contained in the report, and they
bring
to light the efficiency which is being
serve to
attained in the management of the property. One
item in these statistics is rather unusual in railroad
reports, namely "the average train engine per freight
train." This simply means that on account of the
character of the country more than one engine is
necessary in most cases to pull the trains, the average
for the late year having been 1*35 engines.
Much work was done during the twelve months in
improving grades and alignment, and much more work
of the same character will be undertaken in the immeAn interesting fact is that 310 miles of
diate future.
The
standard- gauge track are laid with 851b. rails.
heretofore
proof of the higher physical excellence of the roads
and a stimulus to further improvement in them.
wholly proper that Mr. Schulze should correct
some exaggerations which were disquieting at home;
but when he goes farther (as advocates who are
wrought up in their feelings are apt to do) and beIt is
—
comes unfair to railways in this country which he
broadly characterizes as "the classical land of exaggeration" it is partly from his lack of famliarity
with the country and partly from lack of care in
examination that he gets so far astray. These inaccurac'es may m'slead readers in Europe; otherwise
we could afford to let it all pass, since nobody in
America w 11 be led by it into disparaging American
But, as just said, the subject
report also outlines certain cut-offs and extensions railway management.
interesting.
which are to be built to shorten through routes and itself is
After citing a few reported high speeds, which he
add to the traffic of the system.
In conclusion mention should be made of the discredits and discards because no definite account of
strength of the company's financial condition. Mr. their mode of verification was furnished, Mr..Schu ze
Little f urnishes his usual elaborate statement portray- proceeds to submit a table showing what he calls the
ing the relation between current assets and current exact truth about American trains. But he uses for
liabilities, and from these it appears that with current this purpose the familiar large guide book, and asliabilities of only $5,015,548 (this including many sumes the statements in that publication to be official
items like the Equipment and Renewal Funds, which and to contain the whole story with regard to eaoh
might really be termed "deferred liabilities,") there road; which publication, by the way, is not "officid"
were current assets (including $916,043 of material in the sense he gives to the word, for all the publisher
and supplies) in the sum of double the liabilities, or means to say by the use of that term is that he takes
$10,249,561, showing an excess of assets in amount of his figures at first hand from those issued by the com$5,234,012; $2,786,402 of the $10,249,561 assets con- panies, thus lessening the chances of error. Mr.
sists of actual cash, while somewhat over 4 million dol- Schulze also shows lack of knowledge natural to a forlars consists of bonds in the treasury or held for the eigner, for he does not know that some roads have
Special Renewal Fund. These bonds have many of them special mail or other trains which carry no passengers
been put in at a low valuation. For instance, the and so are not included in public time tables. For
$1,411,000 of Rio Grande Southern first 4s are sched- example, he quotes as a teat the rate of the Overland
uled at $919,366, or at only about 65, while the bonds Limitedonthe Chicago & North- Western between Chicommand 93 in the market. The Rio Grande South- cago and Omaha at 37*7 miles; but that road has three
ern Is controlled by the Denver & Rio Grande, though fast mail trains that he omits, because not in the Guide,
separately operated, and it is interesting to note that which run at the rate of 44'9, 47*2 and 49 9 miles an
on its own operations in the late year it earned a sur- hour over that route. He somehow fails likewise to
plus of $52,292 over and above all charges.
find, or omits to mention, some of the fastest trains
given in the Guide which, as stated, he takes as au-
—
7
AMERICAN AND GERMAN RAILROAD
SPEEDS.
We
are indebted to
Marvin Hughitt of
the Chicago & North-Western Railway for a reprint
of an interesting article by George G. Tuntll on
American and German high speed trains, which appeared in the " Journal of Political Economy " for
June last. That article was called out by two recent
contributions to an official publication of the Prussian
Ministry of Public works by Mr. W. A. Schulze, whose
object was to counteract the impression made in
Germany by numerous statements in newspapers and
periodicals in America and Europe in recent years.
These have caused considerable criti cism of the State
railways for failure to keep up with the times in rePresident
thority.
Besides these inaccuracies, Mr. Schulze makes up
several very indirect routes as standard of time.
Such
from Chicago to Cleveland via Akron.
Anybody could go in that way, as he could go from
for instance,
here to Chicago via Bridgeport, Conn., but nobody
ever would ; and so one might go from Chicago to
Cleveland via Cincinnati, if he had business to do in
the latter city, not otherwise ; yet this is actually one
of Mr. Schulze's test routes, notwithstanding it
is
like
going from New York to Albany via Boston. To
choose such zig-zag trips for the purpose proves either
lack of knowledge or unfairness.
Again, most of Mr. Schulz&'s trains which leave
New York actually start from Jersey City, yet he
takes the schedule time of departure on this side of
THE CHRONICLE.
584:
[Vol.
LXXV.
but four German express trains on as many routes of
250 to 465 miles each he breaks up and counts into
gives only one time for intermediate stations, he nine trains, while he reckons as one train each our
attempts to get at running time by allowing one min- Like Shore Limited, Pennsylvania Limited and Overute per stop, which may be a suitable allowance in land Limited, although they traverse routes of 990
The last named at the time he
Europe, but is not here. For instanoe, the Overland and 2,370 miles.
the river a3 beiDg that of the train, which involves a
Where the Guide
considerable error on a short run.
Limited, instead of the 25 minutes given by
him
as
consumed in 17 stops between Chicago and Omaha,
Again, this
actually loses 96 minutes in 25 stops.
train appears by the Guide to consume 35 minutes on
the three miles between Council Bluffs and Omala,
but this is caused by a special making ready of the
train at the Union Pacific transfer, and the difference
between the actual and the allowed time for stops
makes a difference of quite 3 milts in the average
wrote was run by three independent companies and it
could have figured as seven trains had he treated it as
he treated his selected German trains.
The
qualitative
method requires some reasonable
consideration of the character of a train.
train leaves St. Louis in the afternoon
Thus, a
and runs at 41£
miles, so as to reach Indianapolis early in the evening;
and jogs along at 31
may not be reached
inconveniently early in the morning. For the same
hourly speed.
Mr. Schulze questions one reported 5 miles in 2| min- reason, the night trains between New York and BosThe Empire
utes, and Mr. Tunell does not believe a rate of 120 miles ton allow themselves au extra hour.
and
State
grade,
Express,
which
runs
from
considerable
New
York
unless
on
a
to Buffalo
an hour is possible
would not accept anything above 85 miles on the level in 8£ hours (equal to 53£ miles an hour without allowunless the checking was strict. It is also easy to see ance for stops) takes 9 hours on its return, because
that a elight inaccuracy on a "fast mile" is a serious passengers are as well satisfied to arrive here at 10 p. m.
factor of error and that speed-recording machines are as at 9*15; similarly, it takes the hurried passenger to
desirable.
However, to come into the domain of fact, Albany in 160 minutes, because the time of arrival
short runs at from 77 to 79 miles were made on the Chi- there (11*10 a. m.) makes this valuable to him, bat
cago & North Western two years ago, and last spring consumes 23 minutes more in bringing him back, berates from 75 to 89 were reached, 13 J miles being done cause the difference does not signify to him in the
at over 80, 4 miles at over 85, and one- quarter milo at evening.
Again, the average run of the 46 German trains
This was since Mr.
89, a speed-recorder being used.
Schulze wrote; but he might have learned of the taken by Mr. Schulze is about 312 miles, but in case
famous 510 miles by the Webb special, after careful of the 42 American trains it is about 535 miles. How
preparation and with careful checking, over the Like unfavorable a long route must inevitably be for atShore road in October of 1895, which made this world's tainment of high average speed needs only to be
pointed out; grades, curves, rivers, which involve
record.
5101 miles at 65 07 miles an hour. 59 miles at 76-08 miles an hour. elow movement, and perhaps a ferry, and large cities,
"
"
78-00
52
"
289-3
"
66-68
occur on all such routes. Take the Overland Limited
"
"
79-04
42
"
"
181-5
69 67
"
from Chicago to San Francisco, for example; it must
"
"
80-07
33
7292
85
65-44
"
8
7506
71
cross three mountain ranges, moving over levels of
the
United
Spates,
in
passenger
train
every
take
To
from 14 to 8,247 feet, and cross two rivers, besides a
find the total distance run daily by them all and the wide bay by ferry at the end.
The comparison which
total actual running time exclusive of all stops, and is permitted to set short runs in one country against
then make an average rate for the whole, would be a long ones in another will certainly be misleading, if it
Repre is not also unfair.
prodigious task, and both useless and absurd.
sentative trains on representative lines must necessarily be taken, and in the selection of these (in which
comes the test of the ability and fairness of who MISSOURI KANSAS & TEXAS POSITION.
Until a few years ago the Missouri Kansas & Texas
ever makes it) Mr. Schulze is very unsuccessful.
There must also be a minimum rate which shall Railway Company was obliged to sail pretty close to
count as fast, and this Is taken by Mr. Schulze as 65 the wind by which we mean that it had hard work
a
similar train starts at night
miles an hour, so that Indianapolis
—
kilometers (4Cf miles), a rate probably favorable to
his own coun f ry and one which might here be called
almost common. By that rule there are 20 fast trains
between
New York and Washington and
New Yoik and
10 between
between Berlin and
Hamburg and 5 between Berlin and Cologne. He
figures out 36 fast trains at home and 26 in this country, but his methods are inaccurate; moreover, the
fastest German rate he cites is 50'2 miles an hour for
178 miles. This is easily beaten here; and in England (which he doos not consider) a train on the London & Northwestern is reported to have recently made
a new record by doing the 113 miles between London
Buffalo, against 4
and Birmingham in 115 minutes.
As Mr. Tunell points out, a just comparison must
be both quantitative and qualitative. Therefore the
route over which several fast trains run daily counts
more in a just comparison for that route and its
country than in case of routes which have only one
such dally irain. Mr. Schulze plainly recognizes this;
to
earn
its
yearly charges.
The
revival of
business
which has been in progress since then and the growth
In population in the territory traversed by the system
have raised the property to a plane of prosperity much
like that enjoyed by other railroads.
The company is
now able to meet its interest requirements with ease.
No only that, but it finds it possible to be generous in
its operating disbursements by including outlays for
a any improvements, and even after such expenditures
shows a surplus large enough to permit additional
appropriations for the purchase of new equipment, etc.
During the late year there was a further increase of
$988,317 in gross earnings, a large part of which was
consumed by augmented operating expenses, the adTaking
dition to the net having been only $250,899.
a retrospect, it is found that during the ten years since
1892 gross earnings have risen from $9,750,564 to
$16,391,400, and net earnings from $2,369,966 to
This certainly indicates that the prop
$4,519,835.
On the other hand it is only
erty has not stood still.
;
September
THE CHKONICLE.
20, 1903.]
585
&
proper to say that the expansion in revenues has been
attended by an increase in the length of road operated from an average of 1,674 miles in the earlier
year to 2,500 miles in 1901-02. The extension of the
Great Northern Railroad to Fort Worth, now about completed. These
mil age was a necessary step in the development of
the property, as will presently appear. Without it
there would doubtless have been little advance in
rauy's Indian Territory line has been intersected at
Maskogee by the Ozark & Chierokee Central Riilway;
The system is an independent
traffic and income.
one that is, it is not allied with any other and henoe
—
—
it
holds a
somewhat
isolated position, a fact
a heavy handicap in these days
dation and railroad unification
so
much
vigor.
when
is
which
is
tension of the International
must serve
common
still
further to divert the
territory.
It
is
also
traffic of
the
shown that the com-
Crowder City by the Fort Smith & Western Railway and at Dnrant by the Arkansas & Choctaw Railway ('Frisco Line), introducing features of competi-
at
tion not heretofore felt.
The new lines added during the late year, to which
being pushed with we have made reference above, are in the nature of
It is now felt that new mileage on
small feeders.
railroad consoli-
The report deserves commendation for the candid a more extensive scale is necessary, and hence the
way with which it deals with this phase of the problem company has entered upon the most important
President Henry C. construction work which has occupied its attention
cor fronting the management.
Rouse first points out what has been accomplished for some years. This new mileage is being undertaken
during the year in the way of providing new branches with a view to enabling the Kansas & Texas to maintain
and extensions. He refers to the extension of what its hold upon the region in the Indian Territory west of
the main line, which, formerly dependent upon that
is called the Mineral Branch through the towns of
Galena and Joplin, asserting that by means of this ex- line, has recently been invaded by extensions of the
tension the system gets a direct line from the centre Atchison, the Rock Island and the St. Louis & San
The Ooffeyville branch of the Kansas &
of the zinc industry in Kansas and Missouri to Kan- Francisoo.
A new line of 15 miles Texas is to be extended from Stevens in the Indian Tersas City and other points.
ritory to Oklahoma City and Guthrie, "thus making
built from Moran on the Kansas City Division west
ward to Piqua on the Junction City Division traverses the Northern termini of the Missouri Kansas & Texas
the entire distance of the natural gas region of the nearest and most desirable outlets of the country
Eastern Kansas, and promises to be the seat of and at the same time enabling the merchants of St.
important manufacturing developments, especially in Liuis and Kansas City to deliver their goods to
the treatment of Joplin and Galena ores. A branch this rapidly growing district by the shortest and most
from Bonham, Texas, to Danison opens, he declares, advantageous route." There is also to be a branch
through the Arkansas River Valley to Wybark, I. T.,
a prosperous agricultural region in the cotton belt.
Altogether a
All these, it must be admitted, were needful steps; on the Kansas & Texas main line.
important
more
similar
and
yet
the
provided
and
were
miles
is
to
be
a further exequally so
total of 275
moves made in the years immediately preceding. In tension of the line from Oklahoma City southeast to a
the 1900-1 report two maps were printed, one show- junction with the Coalgate Branch, so as to open up
We thus see
ing the system as it existed when it went into the new markets for coal, is also projected.
hands of receivers a decade or more ago, and the other that the aggressiveness of competing systems is forcthe system of the present day. These two maps when ing the same line of policy upon the Kansas & Texas,
contiasted furnished a graphic picture of what has such a course in its case being the more urgent, as the
been done in the way of enabling the system to cope road, unlike its rivals, is not ia position to protect itwith neighboring competing lines, nearly all of them at If by through connections with allied lines.
of larger extent and having through traffic connecWe have slated that income is now well above fixed
In this interval the system charges. For the late year the total of the net intions with allied lines.
provided
with
a
line to Kansas City and also come was $4,878,007 and the call for charges $3,969,has been
with a line to St. Louis, furnishing termini at these 067, leaving a surplus on the operations of the twelve
important centres, without which it could scarcely months in amount of $908,940. The whole of this,
exist to-day.
At the Southern end numerous gaps together with $1,324,794 of the accumulated surplus
have been filled in, the most important of these being of previous years, making $2,233, 734, was applied in
the gap between Whitesboro and Fort Worth and that paying for new equipment purchased. Such treatbetween Tank and Houston, while lines have been ment of the equipment outlays, it is well said, is not
provided to San Antonio, to Shreveport and to Wich only correct in principle, but is in accord with the
ita Falls.
In a word, the system is now thoroughly practice of the leading railroad companies in the
welded together, instead of being made up of dis- United Sates. Moreover the management have no
jointed and incomplete lines. It is still, however, intention of departing from this policy, for President
under a disadvantage by reason of the circumstances Rouse takes pains to state that the $2,236,534 of dealready mentioned the aggressiveness and spreading ferred payments (extending until 1908) still to be
out of rival roads in the same territory.
made on equipment can readily be met from surplus
A good deal of space is devoted in the report to revenue from year to year.
showing how the road's territory is being steadily enAn account of what has been done the past twelve
oroached upon. Thus the Choctaw Oklahoma & Gulf months in the way of improving the physical condition
Riilroad, which, as an independent line was the com
of the property is furnished in the report, and as showpany's important ally In the coal traffic, has been ing the need for large similar expenditures in the imtaken over by the Rock Island. The Fort Worth & mediate future the statement is made that 829 miles
Rio Grande Railway has passed under the control of of mainline still remain unballasted, 310 miles of main
the St. Louis & San Francisco, making it likely that line still remain laid with light rail, and 302 miles of
as a result some of the cattle traffic will be diverted. branch line are still unfenced.
Reference is again
Reference is also made to the impending Rock Island made to the fact that the company has little available
extension to Dallas and Galveston and to the ex- capital excepting what it may earn in excess of its
—
!
THK CHRONICLE.
586
diminish net earnings
wherewith to meet outlays for indispensable requirements. Hawever, the proceeds of certain bond sales during the year have created an improvement fund for the time being for u3eon certain
of the lines in providing needed betterments; $423,731 of this fund was expended during the year, leaving on Jane 30 1902 $1,092,336 still to the credit
fixed charges,
number
was noted above that gross earnings the Ute year
had increased $988,317 but net earnings only $250,The heavy increase in expenses we had at first
899.
supposed was due to greatly enlarged maintenance
on examination it appears that the better
part of the increase is under the head of "conducting
transportation," the total under this head being
outlays, but
penses
is
furnished in the report, so
form any exact judgment.
it is
Bat
as
that quite a
fact
of roais with the assurance of
—
It
seems sufficient to account for the heavily augmented
cost of operation. No itemiz 3d statement of the ex-
—namely, the
LXXV.
Urge crops
and the continued activity of trade, were unusually
liberal in their outlays for renewals and improvements, thus greatly augmenting the expense accounts.
As far as the ordinary traffic conditions were concerned apart from the activity and prosperity of all
industrial interests there was a falling off as compared with list year in both the grain and the livestock movement in the West and of the cotton
movement in the South. It was too early in July to
get much traffic from the 1902 crops, while the remnant of the 1901 crops was necessarily very small,
owing to last year's crop shortage.
of the fund.
$6,626,917 for 1901- 02, as against $5,922,286 for 1900The company had a much larger traffic in both
01=
the passenger and freight departments, but this hardly
[Vol.
—
January
July.
(103 roads.)
1902.
f
Gross earn's 102,980,249
Oper. exp... 69,328,639
Net earn's
33,634,610
1 to
1901.
Increase.
1902.
1901.
$
$
t
*
97,691,980
63.867,868
July
81.
(92 roads.)
Incrcate.
%
6,263,289 >78,553,120 535,850.828 37.702,294
5,468.276 i90,l 47,500 380.898,414 29,251,080
83,824,597 dec. 189,937 183,405,623 174,954,412
8,451,208
not possible to
In the aggregate the increase in gross earnings for
indicating one
the month, according to the foregoing table, reaches
source of increase, it may be noted that operat.
$5,268,289, or 5-38 per cent, on the roads contributing
ing resuKs fell below the standard of the previous
returns, and this is accompanied, as already stated, by
year.
We find that with an increase of only a little over 7 a decrease in net, which decrease, however, is very
small only $189,987, or a fraction of one per cent. In
per cent in the tonnage movement one mile, there was
view of what has been said above, this will be conan increase of fully 10 per cent in the freight train
sidered a satisfactory result, and that conclusion is
mileage, so that the train load was diminished from
emphasized when the fact is recalled that comparison
212-2 tons in 1900 01 to 206-4 in 1901-02. The other
is with unusually good totals of earnings in the same
statistics bearing on this question are of much the
month of preceding years. In Jaly last year, parsame purport. While the number of loaded cars
ticularly, the improvement was of striking proportions,
moved increased only 13,610, the number of empty
the gain in gross at that time reaching the noteworthy
cars moved increased 184,673, and while the mileage
figure of $12,413,732, or 14 28 per cent, and the gain
run by loaded cars fell off 1,397,164 miles, the number
in net being of the same marked dimensions, namely
of miles run by empty cars increased 14,839,339 mil as.
The following gives
$7,244,847, or 26-17 per cent.
01 course comparisons like these do not necessarily
the totals for a series of years past, both for July and
They may be
indicate less efficiency in management.
the seven months from January 1 to Jaly 31.
due to the changes in traffic which have occurred
partly as a result of the crop shortage and partly as a Tear <t
Gross Earnings.
Net Earnings.
No.
of
It is
Tear
Increase or
result of diversion of tonnage to other lines.
Tear
Tear
Fear
Increase or
roads.
Given.
Decrease
Preceding.
Given.
Preceding. Decrease.
increase
the diseasy to see that such changes might
—
proportion between the movements of traffic in op
posite directions, and therefore tend to diminish the
Nevertheless, the results are so out of
with
the experience of other lines in that
accord
respect that the deviation from the general course
train load.
serves to arrest attention and excite
comment.
July,
52,573,861
i
64,472,430
•94(120)
40,146,46
48,611,780
•95(181)
44,930,312
•96(130)
61,724,889
61,132,768
'97(127)
59,183.393
64,229,11^
•«8(123)
63.172,974
'99(114;
72,804.8
63,339,710
61,431,246
•00(117)
•01(108)
83,348,892
P9,834,533
•02(103)
102,960,249
•93(123)
•
RAILROAD GROSS EARNINGS FOR JULY.
Our
United States
railroads for the month of Jaly shows another very
considerable improvement in the gross receipts (as was
foreshadowed would hi the case in our early summary
for that month), but a trifling decrease in the net.
The latter is a rather uncommon result, and reflects
the unfavorabb conditions which prevailed in the
mmth
tabulation of the earnings
of
an.
to
1
among these adverse influences was the strike
the miners in the anthracite regions. This reduced the traffic and gross revenues of the anthracite
Chief
15,8*2.185
86.930.806 -r-12.41S.732J
97,66 ,960 +5,268.289
60,890,523
77.671,358
~~r
-1,123,238
-2,6 (3,251
+3,209,727
+60,705
+2,6e0,943
17,010,393
11,893.166
14,556.417
13,841.223
12,634,496
15.556,97r
16,498,273
19,091,238
16.580,293
19,971.051
20,694.876
—723.824
24,377,447
19,672,610
+ 4,704,937
26.687,209
25.989,927
+697,292
84,926,718
27.680.869
33,924,59'
-t-7.244.847
160,784 108,093,119
+67.6t6
83,634,610
—189.9S7
July 31
•98(116)
340,014,46
•94(116)
277,340,1 i9
•96(123)
328,748,983
•96(119)
888.89 J.628
97(116)
836,488,331
•98(116)
413,911,220
839,695,215 +1,349, %52)
838,133,386 -68.813 2)7
812.C61.896 +16.787, ,087
326, '87,662 +12,610, ,86H
330,160,100 +8,828, 231
371,73 1,517 + 42,174, 708
•99(101)
424,524,851
00(106)
'01 (96)
616,892,418
666.480,393
610,669.997
'02 (92)
673,553,120
636,850,828
391,917.883
456,182.201
L06,
79 ,693,118
99.021.3J7 -19,127,889
97 ,248,705
87.665,761
99, ,849,935
95,685,802
1J0.418
374.864
+32,806, 96^ 182. 707.568
+60.730, 217 158 350.057
+55,820, 898| 188 188.040
-f-37,702, 294 183, 405 620
106,
98.488,146
127,
111,677,733
1
119,216.917
138.166.598
159,591.770
174,034,412
+9,577,954
+3,664,133
+7.704,273
+15,697,121
+13,490,646
+19,883,459
+26.594,270
+8.461,208
Note.— We no longer inolude the Mexican roads or the coalmining
operations of the anthraolte coal roads In oar totals. Figures for
previous years have been revised in aooordanoe with this ohange.
The
in question.
L4
t~
$
—1,832,688
-8,465,29
+6,793.937
+242,24!
+3,935,276
+833.261
+10,770,086
+5,672,524
fore,
returns of the separate roads show, as hereto-
some noteworthy increases, the Pennsylvania Ktlland of $952,-
of
road, with a gain of $1,971,600 in gross
carriers (we are speaking
900 in net, being particularly prominent in this reBut there is also a number of quite large
spect.
now
eatirely of the railroad
we do not include
our totals), and likewise
Very naturally the anthracite coal roads
operations of these companies, as
decreases.
mining operations in
caused a severe shrinkage in the net earnings of these
lines, a3 it was found impossible to make very much
of a reduction in operating and
administration
Sill another circumstance tended to'
expenses.
a-e largely represented in this
their
list
of decreases; there
are also, however, several grain-carrying roads in the
list,
these having suffered a reduction of their
ings by
tioned.
earnreason of the circumstances already menIn the net the tendency towards augmented
..
September
expenses
is
THE CHRONICLE.
20, 1902.]
illustrated
Thus, the
Bystenis.
1
.
in
the case of several large
with $173,018 in-
SUMMARY BY GROUPS.
Illinois Central,
crease in gross, reports $235,395 decrease in net.
has $86,095 decrease in net.
Similarly the
Southern Pacific Company, though having added
$204,617 to its gross for the month, records a diminuThe following shows
tion of $201,707 in its net.
also -11 losses fxceedirig $30,000 in
all gaios and
amonct, both in gross and in re\
GKROUP.
Increases
Pennsylvania t
...
I. A Pacific.
Baltimore & Ohio
& Nashville
Canadian Pacific
Southern Railway
Union Paolflo
4 Western
Or. Trunk Sys. (3 r'ds).
Norfolk
Southern Paolflo
Atlantic Coast Line..
Illinois Central
Wabash
St. P. &8.8t.M.
Chlo. Burl. A Qulncy.
Minn.
St. Louis & San Fran..
Nash. Chatt. A 8t. L..
Central of Georgia
Kan. City Southern...
Hocking Valley
Paciflo Coast
Seaboard Air Line
Chicaero & Eastern
111.
A
Phil. Wilmingr.
Bait.
Chic Mil.
8t. Paul..
Ft. Worth
Denv. C.
Buff. Roch.
Pltteb'rg
A
A
A
RARNTNG8 IN
JULY.
Wheeling A L. Erie....
Colorado A Southern.
W. Jersey A Seash
Pere Marquette
IowaCentrai
Yazoo A Miss. VaUey.
Cent, of
New Jersey..
Erie
Chesapeake & Ohio..
Phil. A Readine RR.l.
A Western..
A Santa Fe.
Mo Paciflo A Iron Mt.
N. Y. Busque. A West..
N. Y. Ont.
Atch.Top.
Chlo. Great Western..
St. Jos.<6 Grand Isl'd..
which
Co.,
North Pacific (4)
Southweitern 4
South Pao.il 9)
Southern ...(23)
Chic. R.
I.
Baltimore
A
Pacific.
4 Ohio
Louisville A Nashville
Union Paciflo
Atlantic Coast Line...
A Rio Grande§
Norfolk A Western
Chlo. Burl. A Quinoy
Denver
.
Canadian Paciflo
Gr.
Trunk
Sys. (3 r'ds).
Mlnn.St.P.AS.Ste.M.
8outhern Railway ....
Nash. Chat.
Phil.
Wilm.
&
A
St. L...
Bait....
Wabash
Central of Georgia....
Hooking Valley
Chicago A East ni....
8t. Louis Southwest..
Total (representing 23 roaOH, ..
13,824.71
p.oee.os-
7,317,42!
+19,301
—181.691
+575,298
+287,979
2,323,534
5,480,184
4,854.886
3,428.469
3,135,491
—663,015'
9-18
3'44
12-72
21,393,53!-
21,018,107
7,106,190
13,934,031-
12,561, 78(
3,968,428
7.859,145
3,520,514
33 634,611'
33,824,597
—189,937
0-66
2,459,917
859,233
738,958
+120.355
16'29
lines. 18) 187,070,05" 173,870 007
58,501,431
54,881,065
11,171,071
12,813.684
3,021.092
4,970,914
Mid. (14) 26,033,918
39-23
1-40
97,691,960
Total (103 r'ds) 102,930.211'
'8)
2,874,38t
+447.8S4
July 31
1 to
23,827,015
7/42.399
7,536,684
Mld.West'n.dS) 50,524.905 46,452,405
15,086.290
14,438,977
+4,170,366
-1,949,862
+105,815
+602,253
^rthwest'D (10
North Paciflc(4
East.
1-41
e*96
11*86
&
7-68
4-16
63,438,955
64.108,6841
32,611
38f>
20 638.774
-t
2,102.611
1024
50,202,753
44,022.763
19.276/41
17,425,403
+1,851,23-
10-62
84,5t2,99eJ| 29.089,109
30.013,091
28,147.353
26,664,664
-923,982
+2,492,769
3"0S
9*72
Total (92 r'ds) 573.653,120 535,850,888:183,405.620 174,964,412
+8,461,208
4*83
+680,737
11-63
Southwest. &
South Pac.(16) 87.490.765
.
(3)
9S.E57.70?
85.613,271!
20,517.705
18,1£3,019M6 587J 814
>
6.906.477
auction sales of bank stocks this week aggregate 94
The transactions in trust company stocks reach a
No
sales of either class
have been made
A
gain of 30 points over the price
recorded
for First National Bank
weeks
ago
is
paid two
stock, Western National Bank stock has advanced to 623Jg,
as against 600 in August, and stock of the Brooklyn Trust
Co. sold at 480—35 points higher than the price paid last July.
Twenty shares of Central Realty Bond
Trust Co. were
sold at 800, and the price is compared in the table below with
that paid in July at the last previous public sale. Sales were
made in the "curb" market in August as high as 860.. Seventh National Bank stock, for which 155Lg was paid at last
week's auction sale, was dealt in on the "curb" to the extent
latter
&
A Iron Com-
EARNINGS IN
Decreases.
Cleve.Cin.Chio.&8t.L.
8t Louis A San Fran.
N. Y. Susque. A West.
Yazoo A Miss. VaUey.
Long Island
Chlo. Great Western..
8t. Jos.
A Grand
Isl'd.
Total (representing
17 roads)
BMKb—Nexo
York.
Chemical National Bank
12 Citizens' Bank. National
25 Commerce. National Bank
10 Equitable National Bank
Price.
1
JULY.
$952,900 Lehigh Valley*
484,859 Central of New Jersey
261,126 Atch. Top. A8anta Fe.
257,570 Mo. Paolflo A Iron Mt.
201,367 Erie
164,752 Phila. & Reading RRJ
117.593 Illinois Central
87,932 Chesapeake A Ohio...
80,797 Southern Pacific 8y a..
79.8 44 N. Y. Ont. A| Western
79,811
71,944
71,566
70,377
52,300
51,958
48.901
37,978
35.876
34,766
7,161.740
11-14
82-45
of 10 shares at 164.
Increases.
Pennsylvania!
-l,6«9,711t
1.384,440
2.161.S43
ihartt.
NET
2,025,029
1.8f5,139
WO
total of 35 shares.
pany reports a deorease of $1,636,309.
§ Ie eludes Rio Grande Western.
PRINCIPAL CHANGES IN
4 973,976
3,689,
at the Stock Exchange.
Covers lines directly operated east and west of Pittsburg and Erie.
lines (including Buffalo A Allegheny Valley
Division) increased $1,420,400 and the gross on Western lines Increased $551 ,200.
the Coal
8,740.830
8.86B.527
7,602,2 1*
Mid. West 'n. 17i
Sorthwest'n(ll) 14.126,5^'
—The
t
;
9,714.80r
Raat.&Mid.(l4)
shares.
The gross on Eastern
IThese figures are for the Railroad Company
Inc. or JJec.
ITEMS ABOUT BANKS BANKERS AND TRUST CO.'S
Total (representing
llroads)
$2,736,324
•Does not include results for Lehigh Valley Goal
shows a decrease of $1,307,011.
1901.
SP
855,310
Mexican
$727,904
365,820
333,865
305,054
281,944
205.683
166,791
134.232
105.527
56,505
52,996
26,031.
6.497.131'
Southern.. ..(28)
Decreases.
Lehigh Valley RR.*...
29.171.998
4.K10.26'
inthr.coal.. (2)
Total (representing
37 roads)
$7,780,385
1902.
'6)
Jan.
$53,410
49.708
49.628
39,800
31,793
31,301
30,755
1901,
JP.C.
lines. (10)
\nt hrs. coal
Trunk
Increases.
$1,971,600 Denver A Rio Grande§
985,449
537,757
397.854
395.165
374.671
247.449
225,230
222,386
204.617
199.235
173,018
169.191
146.359
139.597
137.077
116.845
107,855
101,394
95.232
90,353
90.340
81,221
81,200
73,352
68,394
54,649
Chlo. R.
Louisville
GROSS
1902.
Net Barningi.
July.
Tra»k
lextcan
PRINCIPAL CHANGES IN
Gross Earnings.
9BCTION OB
In
the same manner the Yazoo & Mississippi Valley (controlled by the Illinois Central), with $30,755 increase
in gross,
587
112^
Bank
8OSI2
251*3
20 Park Bank. National
10 Western National Bank
648
623 78
6 First National
$717,700
465,613
326.944
263,196
261,591
254.198
235,395
216,018
201,707
of..
4*02
205
345
10 Paciflo
Bank
Trust Companies— New York.
20 Cent. Realty Bond & Tr. Co.t-. 800
10 N. Y. Life Insurance & Tr. Co.. 1225
Trust Company- Brooklyn.
5 Brooklyn Trust Co
480
144,72
109,807
96.083
87.487
86,095
70,496
62.832
40,912
$
hant previoHi tale.
Jane 1902—
Sept. 1902—
Sept. 1902—
First sale.
4,325
200
346
Sept 1902— 775*2
Sept. 1902- 251
June 1902— 641
Aug. 1902— 600
Jnly 1902- 650
Aug. 1902- 1240
July
1902— 445
New etock.
— It is again reported, this time on what is regarded as
good authority, that the arrangements for the consolidation
of the National Broadway, the Mercantile National and the
Seventh National banks of this city have been perfected and
only minor details remain to be settled. An offioial an$3,640,795
nouncement of the plan of merger may soon be made.
—Alexander Laird, of the firm of Laird & Gray, agents in
York of the Canadian Bank of Commerce, and one of
the most popular of the representatives in this city of the
$3,244,257
New
*
Does not Include results for Lehigh VaUey Ooal Company, which
shows $58,270 decrease.
latter
Canadian banks, has been appointed Assistant General
Manager, with active control, of the bank at the head office
at Toronto, Canada, succeeding J. H. Plummer, who will retire
Mr. Laird will not assume his new position until after
the new year. He has been agent of the Canadian Bank for
about fifteen years, during which time the business of the
agency has been greatly extended. The firm of Laird & Gray
Covers lines directly operated east and west of Pittsburg and Erie.
The net on Eastern lines (lroludlng Buffalo A Allegheny Valley
Division) Increased $736,30C and the net on Western Unes int
creased $216,600.
These figures are for the Railroad Company
pany reports a decrease of $234,725.
1
§
;
;
the Coal
A
Iron Com-
Including Bio Grands Western.
will be succeeded by that of Gray & Walker the latter
arranged in groups the anthracite coal group
was formerly agent of the Canadian Bank of Commerce
is the only one showing a reduced total of gross, but in Chicago.
there are two other groups having diminished totals
—William H. Mclntyre, Fourth Vice-President of the
of net.
These two are the Middle Western and the Equitable Life Assurance Society, was on Wednesday elected
Southwestern ard South Pacific. In the first men- a director of the Mercantile Trust Co.
—The stockholders of the Jefferson Bank of this city on
tioned group the Illinois Central is responsible for the
Wednesday ratified the proposition for an increase of the
loss in net and in the Southwestern and South Pa
capital stock from $200,000 to $400,000 and of the surplus
cine group the Atchlsoo, the St. Louis & San Franfrom $50,C00 to $110,000.
cisco, the Missouri Pacific and the Southern Pacific
—John A. Hiltner, Second Vice-President of the National
are the roads which have maiLly controlled the
Shoe & Leather Bank, of this city, has been elected Cashier,
When
;
[
result.
1
retaining his position aB Vice President.
THE CHRONICLE.
588
—The
Bank will open for business
Broadway, with a capital and a surplus of
$1,000,000 each. The following are the officers: Willis S
Paine, President; Mortimer H. Wagar, Vice-President; Thos.
J. Lewis, Cashier, and James Thome, Assistant Cashier
The directors are: O. D. Ashley, Perry Belmont, Amzi L*
Consolidated National
Sept. 22 at 57
#
•
Barber, Lyman C. Bloomingdale, Henry C. Brewster, Edward
G. Burgess, R. A. Chesebrongh, George Crocker, Jonathan
B. Carrey, John W. Griggs, J. T. Gwathmey, John F. Hill,
George S. Hart, E. B. Hart Jr., James G. Newcomb, Willis
S. Paine, Oscar L. Richard, Mortimer H. Wagar and Clar-
ence Whitman.
&
Co.,
of Ladenburg, Thalmann
on Tuesday elected a director of the Century Realty Co.
—Ernst Thalmann,
—George W. Chauncey,
Vice-President,
elected President of the Mechanics'
Bank
of Brooklyn, to
W.
LXXV.
embarrassment is due to the failure of the Onandaga
Dynamo Company, some of whose notes it held. The statement of the bank issued on the 6th inst. placed resources at
$676,761 and liabilities at $620,634. The capital is $100,000.
—The change in
the
name
Tacony Saving Fund
of the
Safe Deposit Title & Trust Company of Tacony, Philadelphia, to the simpler appellation of the Tacony Trust Company, was authorized at a special stockholders' meeting on
July 1. Letters patent were granted under date of August 4.
—Mr.
Charles H. Sanf ord,
who previously held
of Assistant Cashier of the
Bank
of
the position
Commerce National
Association of Cleveland, was this week elected Cashier of
of Syracuse, N. Y. The vacancy in the
latter occurred through the promotion of Mr. F. C. Eddy
from the Cashier ship to the Second Vice- Presidency.
was the National Bank
was on Tuesday
the vacancy caused by the recent death of George
[Vol.
fill
White.
—Mr. Sidney Riddlestorffer has been elected Secretary and
Treasurer of the Perth Amboy Trust Company of Perth
Amboy N. J. Business, it is expected, will start in another
—The stockholders of the Title Guaranty & Trust Company of this city on Tuesday voted to increase the capital month.
from $2,500,000 to $4,000,000.
opening of the Convention of the New York State
Bankers' Association at the New York Clearing House October 9, Leslie M. Shaw, Secretary of the Treasury, will make
an address. In the evening the bankers will attend a
performance at an up-town theatre, after
theatrical
which they will partake of a supper. The following
day will be devoted to business, and in the evening a
dinner will be served at the Waldorf, at which there
will be a vaudeville performance instead of speeches.
The committee of arrangements consists of Mr. Henry P.
Davison, Chairman, Vice-President First National Bank;
William H. Porter, Vice-President Chemical National Bank;
Gates W. McGarrah, Second Vice-President Leather Manufacturers' National; Edwin S. Schenck, President National
—At the
— A further increase has been made in the price of the mem-
bership fee of the Cincinnati (Ohio) Stock Exchange. The
amount was last week raised from $1,000 to $2,000 and the
number of seats increased from 30 to 35. This is the second
increase in price the present year, an advancement from $500
having been made in March. Hereafter there will
be no reports of open market sales by Stock Exchange
brokers except those reported to the Secretary of the Exto $1,000
change.
—
It is expected that a dividend close to 80 per cent will be
Savings
paid to the creditors of the Euclid Avenue Trust
Bank of Cleveland early in October. The bank made an
assignment in January of this year.
&
—
The capital stock of the new Commercial National Bank
Bank; William Sherer, Manager New York Clear- of Sandusky, Ohio, is to be increased from $100,000 to $150,000.
ing House; Charles Adsit, President First National Bank of Mr. R. B. Hubbard has, on account of ill health, resigned the
Hornellsville, New York, and Stephen M. Griswold, Presi- presidency of the Second National Bank of Sandusky, which,
with the Moss National Bank, will be taken over by the
dent Union Bank of Brooklyn.
The special meeting of stockholders of the National Bank Commercial.
Citizens'
—
New York, which was called for Septake action upon changes in the directors and
of the United States in
tember
15, to
in the capital,
was adjourned
until October 15.
—
The Title Insurance Co. of Brooklyn has filed with the
State Department a certificate of increase of capital from
—
At a stockholders' meeting on the 10th inst. it was decided to increase the authorized capital of the Dime Savings
Bank Company of Toledo, Ohio, from $100,000 to $200,000.
Only $50,000 of the old capital was paid in, and a similar proportion of the
new
stock
is
to be issued, giving a
working
Mr. Robert V. Hodge, who, since the
resignation of Mr. Aaron B. Hood several months ago, has
Samuel D. Babcock, a prominent New York banker, died
been Acting Cashier, has been regularly elected to the Cashsuddenly at Lenox, Mass., on Sunday, aged eighty-one. Mr.
iership.
Babcock in 1854 entered the employ of the N. Y. Providence
Mr. Charles O. Austin will retire on October 1 from the
& Boston Railroad Co., and five years later he was elected a
of Cashier of the Mechanics' National Bank of St.
position
director and in 1867 President. Later he became prominent
to
become
First Vice-President of the National Bank of
Louis
in many of the important financial institutions and railroads
America,
North
Chicago.
In this appointment President I.
in the East, and at the time of his death he was either Presiof the Chicago Bank has secured a valuable addident, Vice-President or director of twenty-one New York N. Perry
corporations. His son is Henry D. Babcock, of the banking tion to his already able staff.
—Nebraska bankers are preparing to attend their annual
firm of Hollister & Babcock of this city.
The stockholders of the First National Bank of Cincin- session to be held in Omaha on October 2 and 3. The meetKnights of Aknati will, on October 15, act on the proposition of increasing ing will occur during tbe festivities of the
will
the occasion.
Sar-Ben,
which
lend
added
interest
to
the capital from $1,200,000 to $3,000,000.
Both sides of the question of branch banking and assets curMr. Frank R. Allen has opened a New York office at 25
rency will be discussed by the delegates, and it is expected
Broad Street, where he will make a specialty of dealing in
that resolutions opposing the measure will be adopted. The
public utility and outside securities. Mr. Allen was Secreofficials of the State Association are: President, George W.
tary of the Paterson Safe Deposit & Trust Company of PatPo3t, President First National Bank of York; Vice-Presierson, N. J,, for a period of ten years, and later was Vicedent, F. H. Davis, Cashier First National Bank of Omaha
President of tne Trust Company of Georgia, Atlanta, Ga.
Secretary, H. R. Gould, General Agent Prudential InsurThe Fulton Street (Brooklyn) branch of the Brooklyn ance Company of Omaha, and Treasurer, S. H. Burnham,
Bank, which it had been contemplated to open in May last, President First National Bank of Lincoln.
was put in operation this week. The branch is under the
—The organization of still another half million dollar bank
capital of $100,000.
$600,000 to $1,100,000.
—
—
—
—
—
management
of Vice-President Oliver
M. Denton.
for Daluth (the Federal National of Duluth with $500,000
oompleted capital is a recent project) has been approved by the Comphis twenty- first year as President of the Third National troller. This newest institution is the City National, of which
Bank of Buffalo, N. Y., tendered his resignation to the stock- Mr. A. R Macfarlane, of Dnluth, is to be the Vice President
holders on the 9th inst. Mr. Sweet deemed this step impera- and Manager, and Mr. J. H. Upham the President. Others inMr. A. H. Comstock
tive on account of his health. The directors elected as his terested in the City National are
successor the former Cashier, Nathaniel Rochester, who in President National Safe Deposit Company of Daluth; A. 9,
turn has been succeeded by George A. Drummer.
Chase, G. G. Barnum and R. F. Fitzgerald.
—Mr. Charles A. Sweet, who on August 25
last
:
—
Under directions from State Superintendent of Banks
Frederick D. Kilburn the New York State Banking Company
of Syracuse, N. Y., was closed on Thursday. The bank's
—The new Commercial Bank
fitting
up
offices
another step in
its
of Savannah, Ga., which is
the W. C. T. U. Building, has taken
organization by the election of officers.
in
SapiBacBBR
Mr.
J.
THE CHRONICLE.
20, 1903.]
H. H. Entelman has been chosen President,
Cann Vice-President and Barron Carter
—The
finanoial
pany
Texas National Bank, capital $250,000,
institution
organize
to
Comptroller has signified his
in
Dallas,
—Three vacancies
J. Ferris
Cashier.
is the latest
Texas. The
approval of the project.
IMPORTS AND EXPORTS FOR AUGUST,
hand regarding the new
Kansas City Mo. The name
is at
company now forming in
upon for the concern is the Trust Company of
Kansas City. Ten thousand shares, of a par value of $50
each, are now being sold at $100 per share. The organization committee consists of Mr. Walton H. Holmes, formerly
President of the Metropolitan Street Railway of Kansas
City; Charles S. Gleed, attorney of the Santa Fe RR.; Stuart
R. Knott. President Kansas City Southern Railway; H. L.
Harmon, General Southwestern Aetent of the Burlington
system; A. W. Childs, formerly Cashier of the New England
National Bank of Kansas City; George E, Bradley, formerly
The Bureau
Company
of St. Louis; Stephen H.
John Deere Plow Company; A.
the American Smelting & Refining
Velie Jr., Treasurer of the
R. Meyer, director in
of Statistics at
the
the statement of
Washington has issued
country's foreign trade
for
August, and from it and from previous statements
we have prepared the following interesting summaries:
FOREIGN TRADE MOVEMENT OF THE UNITED STATES.
finally settled
of the Mercantile Trust
Fristoe.
The
First National Bank of Stephenville, Tex.; D. C. Cogdill,
President First National Bank of Granbury, Tex. ; John H.
Traylor, ex-Mayor of Dallas, and A. J. Brown.
trust
in the board of the Colonial Trust Com*
Louis, Mo., have been filled by the election
of Cyrus P. Walbridge, ex-Mayor of the city,
members
Brown and John W.
as
;
information
of St.
Charles S.
incorporators are Mr. George W. Riddle, President First
National Bank of Rosebud, Tex. O. S. Houston, President
—Additional
589
[In the following tables three ciphers (000s) are In all oases omitted.]
1902.
,
Exports.
Merch'dlee.
Jan.-March.
April-June.
July
Excess.
*
$
t
337.464
300.732
August
88.H07
94,682
Total
831.685
.
Importi.
331,716+105.748
331,626 +76,108
1901.
.
Exports.
•
.
Import*.
Exeat
%
%
+9.669
+16.0U7
373.757
348.096
109.452
108.024
309,696+164,061
333.746+134,360
73,082 +36.370
7 3.127 +34,897
614.166+307,520
939.329
579.651 +359,678
79.148
78,676
Gold and Gold In Ore.
August
5,831
7,366
1.455
1.230
+9,242
—3.163
+6,480
+1,075
30.863
7,^85
3,306
Total
30.466
15.873
Jan.-March.
April-June.
July
15,073
5,208
+484
+13.079
161
8,644
7,884
4,076
3.491
+ 14.694
33,517
33.495
+9.082
+5,338
+4,976
14,520
13,815
8.086
7.049
+6,484
+6.868
9,128
3,876
-1.801
-3.340
Sliver and Silver In Ore.
Jan.-March.
April-June.
11.752
10,776
6.420
5.800
Scarritt,
3,467
3,838
Attorney of
3,671
3.662
Griffith July
+1,276
+ 1.214
4.742
1,763
+3,979
4,380
3.699
+1,781
& Jones, and C. F. Holmes. Mr. Bradley has been appointed August
16,440 +14,501
Total....
30,941
30,396 +16,357
36,653
Secretary and Mr. Childs the Treasurer. Mr. Walton H.
— Excess of Imports.
Excess of exports.
Holmes, at present abroad, is to be the President. Thecompany will engage in a general trust, banking and real estate
We subjoin the totals for merchandise, gold and
business. It is fortunate in having secured such influsilver for the eight months since Jan. 1 for six years.
ential connections.
Not only those interested, but others
in a position to know entertain the belief that Kansas City is
Mkrohandisb.
GOLD.
SILVER.
a good field for the establishment of a trust company along Eight
Excess
Excess
Excess
ExExImIm- of Exthe lines laid down. A comparison of the population within
Hot. Exports. rmports.
of
of
ports.
ports.
ports.
ports.
Exports
port:
Exports
a radius of 150 miles of Kansas City with that within a simi»
*
»
$
~f~
$
~i"
lar radius of St. Louis reveals the fact (according to official
1903 831.686 614,166 3O7520 3O.466 15.872 14,694 30.941 16.440
figures from Washington) that 2,812,400 is the suburban 1901 939 329 579.661 359678,33,517 33.495
9,022 36.653 30.296
population of the former and 2,951,000 that of the latter. 1900- 916.062 564.89S 351164:51,798 33.127 19.671 41,778 36,098
584 35,116 30.347
1899 793.590 515.190 3774(0 33,259 31,676
These figures do not include the cities themselves.
1898 778,632 436,922 351710 9,679 110,585 100.866 34,281 19,098
A petition presented by the stockholders of the Guardian 18»7 641.697 546.326 95.37133,518 11,888 30.665 38,024 30,796
Co.;
E.
L.
Scarritt,
t-
—
Trust Company of Kansas City, Mo., representing Arthur E.
Stilwell, in which the discharge of the reoeivers was asked
for, was granted by Judge Amos M. Thayer of the Circuit
Court, this week. The company has been in receiver's hands
since the 30th of
'
November
1900,
when
differences arose be-
tween Mr. Stilwell, the former President, and interests represented by Mr. John W. Gates. The stockholders at their
coming meeting are to adopt a resolution instructing the
directors to sell to the best advantage all the real property
of the company save such as may be needed for the transaction of business. The Executive Committee is also to sell,
collector reduce to money all bonds, stocks, bills, etc., so
that the affairs of the company may be put in a condition for
speedy and convenient liquidation.
—Two new directors have been
added to the board of the
City National Bank of Kansas City, Mo. They are Mr. L. RMoore Jr. and S. C. Woodson.
—The Western
Reserve Trust Company of Cleveland,
which takes especial pride in its safe deposit vault, has issued
a folder, which when closed is a fac-simile of the door of the
vault and when opened disoloses to view the entrance. The
folder is of heavy cardboard, the coloring being gilt and
gray. A printed description given of the door states that
while weighing seventeen tone, it is so delicately hung that it
is swung by hand.
It is locked by twenty-four three-inch
bolts, set one foot apart around its oircumference and is
operated by automatic time- locking mechanism, entirely independent of outside control. It is further stated that there
are but nine of its kind in existence. Mr. Ernest H. Rowe is
the Manager of the Safe Deposit Department.
—The
Mercantile Trust
sents a statement
Company
showing the
of St. Louis, Mo., pre-
total deposits at the
end of
each quarter since the organization on Nov. 16 1899— a little
less than three years ago.
This shows very forcibly the
growth which has occurred in this period. Beginning with
$968,955 on Feb. 16 1900, the end of the first quarter, there
has been an uninterrupted increase in every quarter since
then, and now the amount is up to $7,306,678.
*
Excess of Imports.
months
Similar totals for the two
for six years
make
the following exhibit.
MBROHANDISB.
GOLD.
8ILVBR.
Two
Mos.
Exports. Imports.
Excess
of
Exporti
t
1
$
Ex-
Im-
ports.
t
ports.
1
1903. 183.489 157,828 35,666 10,190 3.685
1901- 317,476 146,209 71,8e7 3,026 7.567
1900. 304.089 135,481 78.548 31.868 15,501
1899
199,672 136.746
73,826
1898. 157,090 100.661 56,426
1897. 151,929 93.61& 58,470
*
Excess
of
Ex-
Im-
Exports ports. ports.
~l~
|
Excess
\of
Ex-
ports.
~%~
7,608 8.418
•4,541 8,218
5,85: 11,408
4.705 8.286 3.581 7,996
3,463 17,939 14.486 9,883
7.447 5,660
1,787 9,870
S
t
4,220
5,161
7,249
5,911
6.205
5.749
4.193
3.057
4,159
3,085
3.478
4.121
Excess of Imports.
In these tables of totals, gold and silver in ore for
years are given under the heads respectively of
gold and silver.
all
The following shows the merchandise balance
for
each year back to 1875.
EXCESS OF MBROHANDISB IMPORTS OR EXPORTS.
8 months ending August 31—
2 months ending August 31—
1875
Imports.* 15.078,852
1876
i. ..Exports. 14,474,134
1877
Exports. 1,055,5^2
1878
Exports. 32,950,689
1879
Exports. 25,242,548
1880
Exports. 24,638,180
1881
Exports. 16,394,361
1882
Imports. 14,191,477
1883
Imports." 1.303,828
1884
Exports. 3,027,73
1885
Imports. 9,963,475
1886
Imports. 10,347,169
1887
Imports. 17,509,114
1888
Imports. 25,849.773
1889
Imports. 24,871,856
1890.
Imports. 28,125,567
1891
Exports. 2,359,039
1892
Im ports. 18,663,743
1893
Exports. 20,970,336
1894
Imports.
3,608,815
1895
Imports. 31,615,381
1896
Exports. 34,742,053
1897
Exports. 558,409,654
1898
....Exports. 56,428,880
1899
i.. .Exports. 72,826,636
1900
Exports. 78.548,592
1901
Exports. 71,267,067
1902,
Exports. 25,665,790
>•
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1386
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
Imports.$36,8 74,064
Experts. 64 537,917
Exports. 38,951,995
Exports.188,805,224
Exports.140,279,159
Exports. 55,801,674
ExportB.114,394,327
Imports. 53,628,507
Exports. 44,779,191
Exports. 13,783,567
Exports 45,350,218
Imports. 11,325,907
Imports. 44,599,241
Imports. 87,425,073
Imports. 55,527,112
Imports. 46,846,930
Imports. 10,902,532
Exports. 33,761,669
..Imports. 47,829,685
Exports. 64,877,257
Imports. 36,350,416
Exports.109,698,493
Exports. 95,371,558
Exports.351,709,639
Exports.277,400,390
Exports.3M, 163,383
Exports.359, 678,585
Exports.207,5 19,811
.
7
.
THE CHRONICLE.
590
English Financial Harkctt-P«r Cabl*.
closing quotations for securities, etc, at Londo»
are reported by cabl e as follows for the week ending Sept. 19:
The daily
LONDON.
Sat.
ounce
Console. new, 2%
For account
Bllver, per
d.
p. ots.
,
Fr'oh rentes (In Paris) f r.
Spanish 4s
Anaconda Mining
ton. Top. & Santa
23i3, 6
&
9878
Fe..
23k
93k
93i 16
23k
23k
96k
119k
57k
84k
194%
51k
97 k
42 H
42«8
Preferred
National KB. of Mex...
Preferred
H. T. Cent'l & Hudson..
K. Y. Ontario & West'n
Sorfolh & Western
72k
57%
29M
35
70
145k
34%
50%
57
34 k
198
hi
42%
97%
42k
7738
96k
42%
38k
8578
38
450s
46
77 k
96k
85k
97 k
70
69 k
80k
41k
Week.
69k
21k
42k
37k
78k
96k
86%
87k
45
45
40k
81k
4lk
40k
81k
41k
21k
42k
100
113k
113k
95k
41k
95
42 k
53k
S7k
53k
89
89
88
54k
88k
Total 1902......
Week.
95
95
42k
93k
38
65
38
fraqoe
iermany...
^est Indies
55
tfexlco......
89k
89k
Nam*
Company.
of
4
other oountries.
Cent Payable
18.774,514
4,921.099
610,151
48.776
1,375,294
103,046
ginceJan.
1.
300
94,866
437,560
25
250,964
21,752
865,578
152,855
99,977
80,856
17,687
91,733,590
2,165,986
1,668,002
*2.000
7,677
Imports.
SineeJan.X.
9546,809 $22,247,229
598,435
1,000
300
158,087
52,661
100,000
220,700
650
7,212
9647,759 $23,280,824
34,754,739
33,199.449
1,356,839
869,116
Total 1900
DIVIDENDS.
When
Week.
Exports.
3%ttscellaneottg 3%, rnrg
Per
1.
Silver.
Ill
<g/omttiet-c talaafl
Since Jan.
$6,000 $26,017,505
1,430 29,209,211
32,914 47,187,718
Total 1900
42k
95k
93k
88
other countries.
81k
40%
99%
113k
38k
54k
411
45
40 k
100
92»8
13
in
Imports.
$184,625
$6,000
36%
77k
96k
86k
37%
112%
42
93
treat Britain
France
>ermany. ...........
168 k
100
95k
of
EXPORTS AMD IMPORTS OF SPttOIB AT WBW YORK.
Exports.
35
21k
98,249,416
318,930,170
Gold
29k
34%
43
S12.227.228
378,791,133
The following table shows the exports and imports
New York for the week ending Sept.
and for tbe corresponding periods
158
168 Hi
37
$10,952,636
352,882,115
ipeoie at the port of
and since Jan. 1, 1903,
'901 and 1900.
176%
29k
1899
weeks $334,253,259 9363.834.951 9386,018.361 9327,179,586
72
58
72
58
177
158
86
37 k
45
40 k
100
113
195%
1900.
time to time adjust the totals by adding to or deducting from the
* mount "previously reported.
101
57 k
1901.
Note.— As the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also compiled by the Custom House, we shall from
117k
101
35
168k
36k
77k
96%
3668
4138
.
57k
42k
167k
40%
80k
40 78
Southern Paoinc
81k
Soutb'n Railway, com
41k
99%
Preferred
Union Paoinc
113k
95
Preferred
U. S. ftteel Corp., com.. 410s
Do
do
pref.. 92%
Wabash
38
72
35
69 k
21
70
855a
34k
195 k
50k
96%
42k
29k
96 k
Deb. "P."
Prloe per share.
145k
29k
773$
preferred.
145
57 k
157%
21
*Phlla. & Read
•Phila. & Read.,lst pref.
•Phila. &Read.,2d pref.
106 k
29k
35k
169
37 k
pref.
96k
97
158k
42k
168k
36%
Total 37
5k
106k
117%
look
175%
157k
20Sg
85
96k
57
175
175 k
for the week.,
99,801,430
f rev. reported 324,451,829
97
106
117%
The following is a statement of the exports (exolusive of
from the port of New York to foreign ports for the
veek ending Sept. 15, and from January 1 to date.
EXPORTS FROM HBW TORS FOB THE W3BK.
93k
0007k
LXXV,
ipeoie)
1903.
93l 16
106
117 k
99%
144k
56%
34k
19tk
50k
96%
42k
71%
100
145
5k
5k
5k
107
106%,
1195s
100*9
1440s
57 1*
S3>s
Mexican Central
Mo. Kan. & Tex., com..
*
2313 16
937 16
5^8
71%
let preferred...
57 hi
2d preferred
Illinois Central ......... 175
Louisville & Nash villa.. 159
Do
Do
28%
93 5g
common ..........
do
Pennsylvania
Fri
93*4
St.
Do
Tkurt
93f»i 6
Paul... 194
Den. &Rio Or., com.... 51k
Do
do Preferred. 97%
Erie,
Wed.
937 16
5»s
Chesapeake & Ohio
Chlea. Great Western.
MIL
fw«».
935 ia
93 k
93k
01'82% Ol-iak X00 35 10040 100-15
85
85
85k
85k
851s
Preferred
Baltimore & Ohio
Preferred
Canadian Paoinc
Ohio.
Man.
[Vol.
Week.
Sine* Jan. \.
$2,997
1,594
700
55,292
425,770
410,226
18,965
$13,895
62,472
16.840
2,621.088
2.753.793
813,195
9914,844
Of the above imports for the week in 1902 $2,000 were
Of the exports during the same time
$6,000 were American gold coin and $300 were American
Ajnerican gold coin.
Books Closed.
(Days Inclusive.)
silver coin.
Railroads (Steam).
Cleve. cm. Chic.
Mobile* Ohio
Norfolk
&
&
Ik Oct
lk Oct
St. L., pref. (quar.).
Southern (qnar.)
Oct
3k Sep
3\j Sep
lk Sep
1
& Ashtabula, com
do
do
do
pref
Portland & Bumford Falls (quar.)
Street Railways.
Easton (Pa.£Consol. Electrio
45o. Sep
Louisville (Ky.) By., com. (quar.)
Ik Oct
Metropolitan (N. Y.) St. By. (quar.)...
lk Oct
North Chicago Street BB. (quar.)
3
Oct
Presidio <fe Ferries, San Fran, (mthly). 10c. Sep
Bochester (N. Y.) By., pref. (quar.)
Ik Oct
Wash. Wat. Pow., Spokane. Wash, (qu.) lk Oct
West End 8t., Boston, com
3k Oct
Pitts. Votings.
to
to
to
to
to
Sep
Oct
Sep
Sep
Sep
15 Sep 25
15 Oct 7
15
to
to
Oct 15
Oot 16
Sep
lk Sep
Oct
6
Sep
5
Sep
3
Oct
3
Atlantic (quar.)
Continental (quar.)
Mercantile (quar.)
Morton
2
(quar.)
Guarantee
Washington
<fe
Trust (quar.)
lallv results.
14
BANKS.
(quar.)
do
do
3
500.
1 S4
1%
lk
1
13
pref. (quar.)...
4
Bon Air Coal & Iron, pref
Central Coal & Coke, com. (quar.)
do
do
pref. (quar.)
Corn Products, pref. (quar.)
Fuller (Geo. A.), pref. (quar.)
General Chemical, pref. (quar.)
General Electric, oom. (quar.)
Hall Signal, com. (quar.)
lk
lk
lk
lk
1%
lk
Journeay
3
2
2
lk
& Burnham
New York Air Brake (quar.)
& Gamble, pref. (quar.)
Procter
Railway Equipment Corp. (monthly).-
2
lk
lk
Tent-Weller, pref. (quar.)
Union Typewriter, com
3
3k
4
lk
1
2k
3k
do
do
1st pref
do
do
2d pref
United Fruit (quar )
do (extra)
do
Westlnghouse Air Brake (quar.)
do
do
do (extra)
West lngh.
*
Elec.
&
Mfg., pref. (quar.)..
Transfer books not closed.
1»4
Oot
Sep
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Sep
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
jondition for the
1
1
1
Holders of reo. Sep 20
Holders of rec. sop 20
Sep 21
to
Oct 1
30 Sep 26
30 Sep 21
1 Sep 25
30 Sep 25
3D Sep 21
1 Sep 25
Sep
Sep
Sep
Sep
Oct
1
30
•Jl
7
15
15
15
1
15
15
10
1
1
15
1
1
15
15
15
1
1
1
1
IS
18
10
in
1
Merchants'
iteohanlos'
Vmerloa. ........
Phenlx
31 ty
aeronauts' Ex..
30
30
30
30
1
Sep 25
Sep 14
Sep 23
Sep 24
Oct 1
Holders
Holders
Sep 21
Oct 1
Oct 1
Sep 28
Sep 28
Sep 21
to
Sep 30
to
Sep 30
to
Oct 20
to
Oct 7
to
Oct 16
of reo. Oct 10
of rec. Oot 10
to
Sep 30
to
Oct 15
to
Oct 16
to
Oct 10
to
Oct 1
to
Oct 1
Holders of reo. Sep 26*
Sep 26
to
Oct 1
Sep 21
to
Oot 1
Oct 2
to
Oct 16
Sep 17
to
Oct 15
Sep "24 " " to" " Sep" 30
Sep 20
to
Sep 80
Sep 20
Sep 30
to
Sep 20
to
Sep 30
Holders of reo. Sep 30
Holders of rec. Sep 30
Oct 1
to
Oct 10
Oct 1
to
Oot 10
Sep 21
to
Oct 1
"
Gallatin
Sutoh.A Drov's'
VI ech. A Traders
ireenwloh
Leather M'f'ra..
Seventh Natlon'1
American Exoh.
Oommeroe..,
Broadway
Mercantile..
Pacific
Chatham
People's
North America
IfiXr-OBTS
FOB THE WEEK.—The following
are
the imports at New York for the week ending for dry goods
Sept. 11 and for the week ending for general merchandise
Sept. 12; also totals since beginning first week January.
FOREIGN IMPORTS
.
Sanover....
Irving ...........
Citizens'....
Nassau
Market* Fulton
A Leather.
Jorn Exchange..
Shoe
Oriental
(mp't'rs'ATrad.
Park
Sast River
(fourth
Central
Second
Ifirst
N.Y.NatMExoh.
Sowery
N. Y. County....
German Anieri..
Chase
Pifth Avenue ...
Herman Exoh...
Unooln.
Jarneld
Fifth
Bank of Metrop.
West Side
Seaboard
Western
1st Nat.,
tor week.
1902.
Dry Goods...
Oen'l mer'dise
Total
Since Jan.
1901.
1900.
1899.
81.918,678
6,642,306
91,923.573
6 887,093
$2,273,557
6,886.813
911,857,565
$8,560,984
98,810,666
$9,160,870
S89.409.002
306,963,604
975,390,497
318,944,394
986,062,165
297,134,840
974,068,180
289,114,601
1
Dry Goods
tten'l mer'dlse
B'klyn.
Uherty
82,435,687
9,421,878
Total 37 weeks #396,372,606 S894.834.891 9883.197.005 9363,182,781
N. T. Prod. Ex..
New Amsterdam
\stor
United States...
Total
Loam.
2,000,0
2,060,0
3,000.0
2.000,0
1,600,0
1.000,0
26.000,0
300,0
600,0
1,000,0
800,0
400,0
200,0
600,0
1,700.0
6,000,0
10,000,0
1,000,0
1,000,0
422.7
460,0
300,0
3,000,0
8,000,0
1,000,0
1,660,0
600,0
eoo.o
1,000,0
1,400,0
800,0
1,500,0
3,000.0
260,0
8,000,0
1,000.0
800.0
10,000,0
600,0
260,0
300,0
760,0
1,000,0
100,0
300.0
200,0
800.0
1,000,0
300.0
1,000,0
200,0
600,0
2,100.0
800.0
500.0
1,000,0
600,0
860,0
500.0
of
of
all eases.
Be-
Specia.
9
Sank of N. T...
Manhattan Co..
Ohemioal....
to
to
to
to
to
to
two ciphers (00) in
Capital. Surplus.
aermanla ........
1HPOBT8 AND
We omit
20
Miscellaneous.
American Agricultural Chem., pref
American Bank Note (quar.)
American Looomotlve, pref. (quar.)
Amer. Smelt. <& Befining, pref. (quar.)
Amer. Telephone & Telegraph (quar.).
Amer. Type Founders', com. (quar.)...
Moaat Banks.— Statement
week ending Sept. 13, based on average
tltj Clearing
30
10
24
24
Trust Companies.
):«*
Title
Mew fork
20
17
19
19
9
Sep
Sep
Sep
Sep
15 Sep
3,220,7 16.800,0 2.844,0
8,888,0 33,898,0 6,974.0
1,318,8 13.262,6 2,398,0
3,476.6 12,914.0 2.181,0
8,376,8 30,712,6 3,878.8
265.1
821,0
5.436,0
15,156,1 124,h71,3 18.741,9
7,212,4 34.069.7 4.388.8
283.3
5,118,8
880,8
3,118.5
8,710,0
904,8
480.2
77.4
1,794,6
151,6
860,0
8.490,0
184,6
68.0
1,160,3
508.8
4.696,8
987,8
120.4
6,679,0 1,346.7
8.486.1 28,943,0 8,19-5,0
7,268,8 68.976,7 9,584.9
994.0
1,874.8
7.308.0
1,888,8 14,137,0 2,277,5
649,0
318,9
3.188,4
781.0
1,010.5
0.200.6
91.1
881,8
2.260,1
1,068,9 15.250.4 3,603.4
6,753,1 47,598.2 8.124.7
978.8
010.4
6,703.0
601.2
0.094,0 1,283.8
395.9
444.6
2.891.9
1,017.1
0.413.2 1.160.3
388.7
4,317.7
1.088,5
1,888,8 34.870.0 3.687.0
420,8
177.8
1.822.0
8,283,0 38.001,0 3.695,0
4,803,6 65,301.0 13,028.0
146.6
1,162,6
114,0
1,689.7 20.828,4 8.611.0
667.8 10,284,0 2,207,0
9.487.0 1,638.0
1.174.4
12,274.6 76.698,3 14,732.9
950.1
867,3
5,844,7
388.0
3.771,0
773.8
811.1
783,0
8,950.9
012,9
485.2
8.008,7
8,181,0 89.808.3 10,090,2
8,911.6 2,883,6
1,488.8
216.0
821,4
2,665.0
414,9
8,011.7
850,1
708.8
1,189,0 11.413,4
7.480,4 1.703.0
1,262.1
600,4
890.4
2,388,8
1,238.8
8,610.8 1.648.1
405.0
8.002.0
472,0
1.128.4 13.797.0 1,940.0
7.782.6
88,093,3
8,049,4
084.0
583,0
4.432.0
7,408,8 1.872.6
872.2
682.2
4,606.1
448,0
7.838.2 1.849,7
554,1
905,0
4,850.0
491.4
798.1
4,316,0
448,4
Ltcal:
DipotiU
9
1.685.0
serve
P.O.
16.048.0
247
2,049.0! 28,440,0 28'3
1,600,2 16,217.3 35-3
1,220,0 12,887.0 380
2,889.0 32,968.7 26-0
378.0
5.208.0 31-1
7,849,7 108,742.8 24-4
3,204 ? 28.274.2 278
617.6
6,437,1 258
819,9
6,653.6 203
69,7
2,110,7 24-5
379,0
3,430,0 180
197,0
1,031,1 25-3
170.6
4.608,4 264
818,6
0,778,0 345
2,049.0 21.542,0 24-8
5,184.1 67,879,9 26-4
168.7
5,981,9 19-1
1,087,3 16,185,7 267
486,1
3.067,8 17-8
777,6
0,247.7 24-9
461.3
2,040.0 200
1.361.0 14.319.6 28-1
8,835.1 64,810,1 26-3
633.6
4.849.0 233
808.1
0,278.9 253
234.8
8,817,9 304
693.'
6,870.8 20-9
224.8
4,908.3 268
3.858.0 37,080.0 28-7
1.787.0 290
361,6
1.203.0 20,275,0 241
3.421,0 87.02S.0 24-6
1.23-1.0 220
168.8
3.810,4 23.267,4 200
1,0 88,0! 18.322,0 26-8
998,0, 10,189,0 247
1.018.61 08.074,1 242
6,348.1 347
868.8
30O.C
8.121,0 20-0
891.8
4.791,0 24-6
3,03 J,
238
363.4
3.414.7 47.164. 8 20'6
26'3
9.774.0
140.8
650.0
8.100.7 24'0
4.760,0 219
029.4
2,824,9 12,771,8 28*7
7.009,4 201
287.8
141,0
2,474.6 261
8.788.8 22'5
480.6
829,0
8,189,0 24-8
1,916,0 15.030,0 250
8,014.0 43.786,1 25-8
4.907,0 29-8
819.0
7,830.9 28-8
375.0
4.380,0 211
331.1
8,203.2 24-7
879.1
4,300.0 243
144,0
8.878,6 23-5
76,6
100072,7 1145871899,498.9 1667768 72,132.1 90H.709,S
260
Reports of Non-Member Banks.—The following is the
•tatement of oondition of the non-member banks for the
ureek ending Sept. 13, based on averages of the daily result.
,Ve omit ttoo ciphers (00) in all cases.
BANKS.
Sur- Loan**
°st
plus.
Lss. T.
Derotit.vith
JSH
Invett- S**cu
AB'k. OUar'g Other 9s»OMIl
msn'i.
Hot**. Agent. Bkt.Ac
Columbia
Fourteenth Street
(HUlMVOOTt
Hamilton
Mount Morris
MUtUAl
Nineteen th Ward.
Flaaa
RlTerUde
State
Twelfth Ward
Twenty-third W'd.
TorkTtlle
Washington.
Fidelity
Tarick
Jexsrson
Century.....
Wasn'rtoaHeljrhts
Called National...
Btno'h of Brooklyn
150,0
Bedford
100,0
Broad war
800,0
Brooklyn
100,0
BlXbth Ward.
100.0
Fifth Arenas...
Manafaat'ra' Nat'l. 363.0
500,0
Mechanics.. ...
100,0
Merchants*
Nassau National.. 300,0
800,0
National City.,
100,0
North aide
100,0
Peoples
Serenteenth Ward 100,0
Spragne National. 300.0
Wd.
Twenty -sixth
Union
Wallabont
Borough of
Richmond.
Bank of Staten Isl
1st Nat., Sta ten Isl
45.8
3081,7
3192.0 143,0
1698.4 114.3
19.8
14P5.0
1752.7 100,0
3457.9 153.0
34.8
1986,8
38,8
1038.9
13.1
3882.6
13,7
966.8
6173,0 870.0
84,0
1459.0
1209.6
44.6
34,5
1846.7
13,9
714,9
9,0
021,4
3.8
740,0
1161.8
6,0
348.8
8.8
7.7
420.6
3188.4 367,6
188,7
199,8
170,8
13.6
1478.8
1609.9
13.7
85.7
1628.0
6,7
353.0
795.6
37,0
3948.6 821.*
3850.9 336.0
9,6
891.0
4194,0 130.0
8038,0 109,0
1118,6
9,9
1259.4
40.0
528,0
8.9
92.4
1090.1
690.1
9,0
1339.1
44,2
815,9
84.4
17,7
80,9
483,6
353,9
83,7
638,3
576,3
153.8
180.7
75,9
161,5
56,9
185.0
63,4
100,0
300,0
100,0
I
•
168.7
346,4
93,6
43,9
110.4
91,6
180,7
170.8
340,6
101,1
864,4
73.8
83.2
363,0
43,8
108.2
62,6
77.1
67.6
100.7
209,1
100.0
800,0
100.0
300,0
300,0
3B0.0
300,0
300,0
100.0
100,0
100,0
300,0
100,0
100,0
100.0
300.0
100.0
100,0
100.0
100.0
1000,0
<
I
149,9
99,0
60.6
90,8
83.7
91,7
138.8
181,3
215.6
363.0
356,6
100,6
187.8
309.8
158,8
397,2
115,3
59.1
08,0
251.0
99,5
103.3
100,9
40,3
104.3
162.1
62.0
48.8
45,9
308.6
08,0
185.0
193.0
129.9
146.4
43,7
40.1
64.2
48.1
13,1
13.8
66.0
105.9
117,6
45,0
87,7
t
t
110.0
2290,0
8248,0
1988.0
1658,9
1885,4
2972.2
1981,2
2030 4
3117.0
904.9
5680.0
2009,0
1436.8
1037.2
754.8
692,8
745,0
1161,4
144,0
295,8
1818,7
8,0
29,6
5.0
68,2
1914
112,0
84,0
2.8
20,0
**«
I
156,7
380,6
187.8
48,8
64,6
406.7
348,0
09,9
496.0
431,0
43,7
93.0
111.6
450
05.6
2.6
201.6
86,6
1080,3
1917.5
"oo.'o
1697,0
22,0
411,8
16,7
788,8
8477.9
30,0 4699,2
924.9
27.0 4417,0
00,0 R804.0
45,6 1046,6
404 1868,3
87.6
627.2
50
972.6
8,8
002,3
04,6
48,4
129.1 1,883.9
88,8
791,0
37.1
89,5
236,8
54,0
345,0
258,0
69.4
93.4
30.8
88.4
87,6
ia.e
48,6
991,7 4929.2
619,1 2410,1
804,4 1218.1
258,0 1364,6
498,6 3230,7
137,5 1087.3
360,0
74,9
90,6
30,0
100,0
89,0
118.7
15.2
088,5
717.4
388.4 1199,4
67,9 101.2
11,7 238.6
47,8 337,8
17,6 133,7
31,9
00,1
205.2
43,9
10.1
28,9
21.4
20.1
5737.1
1909.7
1090.0
1864.5
1938.3
1001.9
23.4
10,0
Other Citiet.
400,0
350,0
Id Nat., Jer. City.. 300,0
Id Nat., Jer. City.. 300,0
1st Nat., Hobuken. 110,0
Id Nat.. Hoboken. 135,0
J.Ci.
00.1
73.0
43.3
106,4
31,0
Capital <*
Surplus.
BAMKS.
Boston
Leant.
ft
Legal*.
Specie.
N. Y.»
9
•
9
Ang. 38.. 314.009,8 918.687.9 1716832
" 80.. 314.009,8 910.0400 1074270
Sept. 0.. 314,009,8 900,874,8 1016988
a
13.. 314,009,8 899,498.9 1557758
Baa.*
Aug. 30.. 53,813,0 188.048.0 14.970,0
Sept. 0.. 62,22X0 180,338.0 14.833,0
18..
PHIIr.'
An*.
Dspositf.t
9
*
9
70.348,6
76,315,4
78.863.9
73.133,1
948,189,8
985.998,
938.898,3
903,769,8
32,414,9
82,930,1
38.606.0
84,207,5
8,088,0 200.382,0
6,478,0 203,388,0
0,848,0 103,164,0
62,313,0 187,108.0 14,888,0
44,704,0 189.170,0
219,978,0
06,888,0
0..
44.704,0 190.170.0
68,037,0
219,680,0
13
44,704.0 190.067.0
219.440.0
63.885.0
W* omit ivto cipher* in all these Hours*.
(nelndtnor for Boston and Phllaaelonlft the ttem " dne to
80..
Sept.
*
*
Oire'l'n.
Clearing
9
18766584
13708761
13895590
10020081
0,090,0 103.221.2
5.137.0 103,089,0
6,658,0 133,583,6
9,087,0 98,988,7
9,042,0 99,093,0
9,074.0 107.870,1
other banks."
Figures Brought from Page 627.—The
statements below are prepared by ub from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Sept. 13,
and since Ang. 1. for each of the last three vaare have been:
"
139.599,801
269,010,867
802,808,211
290.095,810
Total grain
60,863,11)4
The exports from the several seaboard ports for the week
uding Sept. 18, 1902, are shown in the annexed statement:
Corn,
fVhgtit,
bush.
hats!
783.722
870,440
Boston
•or t land. Ma. 250,000
Philadelphia.. 180.000
404.083
Jaltlmora
800.874
i» Orleans,
62.0C0
•Jorfolk
4ewe'rt News 816,000
005.888
iontreal
wires ton..... 408.000
141.931
Pensaeola
10,414
87.430
36.8P5
8,194
41.5*5
94,186
7,065
714
14,819
30.350
310
1.000
780
'17,148
etal
week.. 4,193.890
bunh
300.045
fc»*h
91.014
lio'.OOO
Wkft
/ism.
105 668
80.37S
150.000
Milwaukee
jaunt
Minneapolis.
Toiado..
oetrott
Olereiand ..
Louis
1,670.902
1,191,025
160,000
20,900
Sines Aug.
1008
1901
1900
if,-
142.660
44800
61.010
59,950
47,604
16,8a
00,604
41.001
43,780
1,029.381
83,836
368,402
020.500
3.000
25.008
10,800
13.800
352,148
828.80U
142,624
69,000
842,000
869.800
889.000
03,230
169,800
13,050
7.269.386
1,891.345
6,606,472
7,883.849
2.669,107
8,708.854
1.185,894
1,654.620
462.763
8.015,347
4,815 508
4.318886
1,168.980
8.900.488
25.714
'13.033
5,810
84,231
307,823
601.200
131.850
48.204,527
9,233.481 34,418.188
49.834.S97 20.124.851 89.104.666
40.O82.fl46 20.978.7Hfl 83.159 330'
206,280
130,621
3.851,040 1.047,928
0,210.883 2.574.826
070.142
8 878.743
The receipts
the week
of Hour and grain at the seaboard ports fox
ended Sept. 18, 1908, follow
Hettipf «t—
•ew fork.
Soston
/nut.
27,810
80.000
Baltimore
98,941
6.080
10,870
14,819
Klehmond
Raw Orlea !!••_.
ewDort News..
Portland.
(ism,
Oat*.
B«n«»
but*
bush
fc.lifv
•us*.
S.S.134
Montreal..,
Philadelphia....
Norfolk
Baireston
'Vk»*H
bbl*
150.270
Ma
714
68,0'M)
3.194
720,900
250 000
Pensaeola
Mobile..
Total week
Week
•
1801
Beoeipts do not
084.476
260,770
601,715
202,801
416,119
15,348
880,000
816,000
24.150
3a, 2)0
715
0,688
21,211
26,110
6.C00
17,142
1.272.000
205,804
33,177
21K.021
185,388
28,712
42,510
45,000
..
2,401
»««k
141.876
2,368
20,000
88.259
127.819
1.720
—
—
-—-, r—
Wheat,
Flour.
Week Sintt July
Since July
«Hk and sines Sept. 13 1,1903. Sept. 13 1, 1902.
bush.
bbl*.
bush.
bbl*.
.Sept. 1 to—
1.802,376
18,651,683
Jnited Kingdom 189.608 2.116.805
63.889
606,298
2,300.407 15,058,052
lontlnent.
28,930
284.686
1,230
3,935
1.4 0. Amerloa.
301088
25,617
Vest Indies
021
38,762
1.000
1 r. N.Am. Colo's
184.414
20.318
275,004
14,804
iter eonntrles
.
Week
Bxporttfor
307,823
370.180
4.193 300
4.025.85S
8.320.080
8.619.228
-Com.-
Wetk
1008.
bush.
224,441
172,333
27.308
176,078
08,807
42,341
1.
000
7.787
7.310
1,070
84,400 034
60.087.708
34.381
711,898
649,786 11.030,899
Oats,
But,
bus's.
1.4S3.00C
71.000
068.000
bu»h.
27,000
677,0a..
g.000
1,000
ll.OOv
01,000
820oO<<
359,000
4.000
123,000
036,000
84.000
109,000
88.000
002,0043
178,000
89,000
1.000
146,000
15,000
1,190,000
133,006
l,i80'.'OO6
'82,6b'd
1.000
"1,000
Corn,
bus h.
ti'hsai,
mstersat—
but*.
<sw York
Bo
SU(V
4.000
afloat..
Soston.
Philadelphia
laitlmore
021,000
1,120.00c
i.iho.occ
laireston
Montreal
Toronto
.-,
13,000
afloat
roledo
00
•
B*\rUt
afloat
588,000
'io.ooo
270,6'o'6
80,000
3,800,000
1,329,000
086.66o
"63,000
"O.ObO
125,66b'
"4,660
43,000
strolt
Do
Do
afloat
ihioago
afloat.......
18.000
Do
afloat
ruWUl'mAPt. Arthur
276,000
908,000
mmth
Do
.
.
Milwaukee
1,000
218,000
38.000
371.009
1.319.000
4.017.00k
"5,000
89,bo6
14.000
166,000
7,000
348.000
85.000
730,000
781.000
611,000
"O.'OOC
14,000
42,000
"97,000
214,000
17.000
63,000
afloat
Minneapolis
3t. Louis
Do
afloat
(ansae City
*eorla
'dlanapolli
)n Mississippi Hirer.
)n Lakes
inoanalandrlrer.
Total Sept. 18.
Total Sept. 8.
Total Sept. 14,
Total Sept. 15,
TntalSept.16.
833,000
699,000
891,000
10,000
iso.boo
47,000
28,050.000
21,421,000
80.872,000
68,927.000
89 8S8.04W
2,201,000
8,528.000
19,008,000
5,214.600
4.098.000
8.475,000
10.347.000
..
1902..
1901.
1901..
1900..
<«O0
602,000
8.107 on"
1.000
'82,000
~708.000
587,000
1.019,000
794,000
A 623 O""
62 J."""
Auction Sales— By Messrs. Adrian H. Muller
& Xenla
8% by
(Guar.
BR. Co.
P. O. O. &
Louts Ry. Co)
217
20 Nat. Park Bank
648
10 N. Y. Life Ins. & Tr. Co.1226
5 Brooklyn Trust Co
480
21 Roane Iron Co
62
23 Amer. Waltham Watch
Co. rex. dividend)
230
750 Brooklyn City RR. Co. ..247%
1 Chemical Nat. Bank... 4402
12 Nat. Citizens' Bank
205
8t.
081,000
823.000
125.000
063,000
eiH.000
1,
& Son
Stocks.
Stocks,
44 Colnm.
18.000
89,000
84.000
6 First Nat. Bank
805%
5 Lawyers' Title Ins. Co... 415
Min.
&
300 Jos. Ladue Gold
Devel. Co., pref .$1 per sta.
20 Central Realty Bond &
800
Tr. Co. (new stock)
150
50 U. 8. Casualty Co
25 Nat. Bank of Jommeroe.345
251 %
10 Paolflo Bank
10 Equitable Nat. Bank. ... 112%
623 7g
10 Western Nat. Bank
.
Spencer
29
&
29
and
%ittaucial.
Trask
BANKERS,
&
....
PINE STREET,
Co.,
NEW YORK
Transact a general bankin* business; act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in
INVESTMENT SECURITIESBranon
06 State
Members N. T. Stock Bxohanira.
Offloe.
Moffat
New
&
St..
Alban *
White,
Members
Y«rk Stock Exchange,
1 NASSAU STRBKT, CORNBR WALL.
Dealers In Investment Securities.
Telephone Sto cks m Specialty.
Tel. 6820-5821 Cortland
&
Co., Bankers,
NBW YOttK.
MILWA0KM,
High Grade Bonds.
No. 40 Wall street,
4,569
6,810
442.390 4,083.050
141,725 2.128 0»8
8,400 821.637
330.002 3.777.371
009,897 1.099,486
47.579
lo,72o
inoio.de grain passing tbroagh Haw Orleans tor toreisn
Ports on thro ash bills of 1 sdlng.
Sine* July
Sept. 13.
bush.
17.142
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Sept. 13, 1902, was as follows:
Tracy
141,931
2,054
3,592
4,583
3ama time '01. 4,025,860 540,766 376.180 180.180 111,912 87,441
The destination of these exports for the week and since
July 1, 1901, is as below:
14,300
1.
2,953,799
1.782.200
buth.
"45.bo6
102,771
1,051
ftaufeiug
434.048
S67.300
sams wk. 01
"•me wk.'OO.
a* .so
114.481
Kansas City.
rot.wr.1902
119 300
694.590
iSlbt
395.060
329,000
168.624
516,620
2.600
21,280
48,600
8,500
•"eons, ....
ttmrie't
509,100
1, 516,820
....
8,802,500
19J.70J
1,870.104
.
St.
OatJ.
Buiveoibi Butk.mbt Buth.HUbt flu*k
5si*.1901b>
cnisago..
Corn.
JSsrlst
2,598
27J
0,710
Breadstuff's
««<«*(• ei-
Ftes,
bush
000
4,569
Mobile
11
Oat*.
flour,
Sxport* from - buth
Mew York
Do
Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City. Boston and Philadelphia.
City,
7,818,841
1,881.081
88,112.718
180,560,372
67,467,151
6,140,780
4,403,810
"
..
auflalo
New York
115,071.917
02.731.897
55.133.598
8.204,9 14
3.809,100
09.211.980
188,639 249
"
18,648,028
34,807,086
1.610,808
2,607,834
"
'•
lew Orleans
Totals Sept. 18.. 8613,0 9388,4 77607.7 3387,0 4136,5 8100,4 1570,* 81988.0
Totals Sept. 8.. 8613. 06383,4 76107,8 3070,1 1029.8 8393,8 1968.4 00901.9
Totals Ads;. 80.. 8613,0 9883,4 75470,2 3875,6 3990,4 8348,3 2480,4 80980,9
1800.
14.847,011
.
Fotal 1900-01 „..
1st Nat., Jer. City.
Hud. Co. Nat.,
Oats
larley
tre
as
1800.
15.001,815
.bush. 88.034,791
Wheat..
orn
oompare
1 to Sept. 13
1001.
16,858.519
'..bbls. 14,830,007
Total
627.7
787.7
from Jan.
1901.
of-
Tlmu~......
•
Colonial
591
Total receipts at porta
follows for four years:
Receipt*
CITT.
Borough of
Manhattan,
L
.
THE CHRONICLE.
20, 1902.]
.00s onilttsd.)
K«W rOBK
5
"
.
September
CHICAGO.
Connected by prirate wire.
Dealers In
IAtt of Current Investment Oferimgt tent on AvplicaUon.
Members
jaemoers } New York Sto** Hxcbanae.
j Chicago Stock Exchange
Commission Orders
Bxecated In all Markkas
THE CHRONICLE.
592
iattfem' (Saajette.
For Dividends
see
page
sqo.
WALL STREET, FRIDAY,
SEPT. 19, 1903.-5 P. M.
The Money Market and Financial Situation.— The bank
statement issued on Saturday showed that in the aggregate the surplus reserves of the Clearing House banks were
practically exhausted, and tbis fact, together with the
possible money market conditions which it foreshadowed,
has tended greatly to restrict operations at the Stock Exchange this week. There was a general decline of prices on
Monday, but the engagements of gold for import, amounting
for the week to about $6,000,000 and for the current move-
ment
[Vol.
LXXV.
State and Railroad Bonds.— Sales of State bonds at the
Board include $5,000 Alabama Class A 4-5s at 104%, $1,000
Tennessee settlement 3s at 95Jg and $35,000 Va. 6s deferred
trust receipts at 1034 to 10%.
The market for railway bonds has been dull and relatively
strong. There was a tendency to weakness on Monday in
sympathy with the stock market, but prices rallied, and
closing quotations are generally higher than last week.
Union Pacific convertible 4s, Wabash debenture Bs and
Consolidated Tobacco 4s have been conspicuously active
and show a gain of about IJ2 points. St. Louis Southwestern issues were strong in sympathy with the shares. Detroit
Mackinac & Marquette land grant 334s continued the upward
movement heretofore noted, and some of the Central of
Georgia issues advanced over a point. Pennsylvania Warrants for new 334s, Burlington & Quincy new 4s and Colorado Fuel & Iron convertible 5s have been notably active
and strong.
to $7,950,000, has stimulated a more hopeful feeling,
of the market has improved. The plans of
Railroad and Miscellaneous Stocks.— Owing to the dethe Secretary of the Treasury to relieve the situation have pleted condition of the Associated Banks' reserve fund and
no doubt also had a favorable influence.
a 20-per-cent call-loan rate the stock market was dull and
As noted above, the volume of business is very much weak on Monday. Subsequently there has been a better
reduced. The public is not in the market, and the demand feeling on easier money market conditions and prices have
for securities is limited to a few issues.
generally recovered. The volume of business has continued
Nominally the coal miners' strike is still in force, but small, however, averaging less than 500,000 shares per day
reports from the mining regions is to the effect that the and about one-half that of last week. The granger group
quantity of coal beiDg mined is steadily increasing, and has been notably strong and led in the upward movement.
the success of the strikers in their efforts to dictate terms Rock Island sold up to 2053^, a net gain of 8 points, and
to the mine owners seems to be more and more hopeless.
North West, and Illinois Central have advanced an average
The open market rates for call loans on the Stock Exchange of about 4 points from the low quotations of Monday. St.
during the week on stock and bond collaterals have ranged Paul was the feature of to-day's market. It was very active
from 4 to 20 per cent. To-day's rates on call were 6 to 8 per and advanced nearly 6 points, making a total gain during
cent. Prime commercial paper quoted at 5}^ (§5% per cent.
the week of about 8 points. The local transportation issues
The Bank of England weekly statement on Thursday have been i-trong, led by Manhattan Elevated, which closes
showed an increase in bullion of £77,519, and the percent- 3% points higher than last week. Wabash, Missouri Pacific
age of reserve to liabilities was 54'40, against 53*88 last week, and St. Louis Southwestern issues have also been conspicuthe discount rate remaining unchanged at 3 per cent. The ous in the recovery mentioned.
Bank of France shows a decrease of 450,000 francs In gold
The miscellaneous list has been generally dull and featureand 1,350,000 francs in silver.
North American was exceptional in an advance of
less.
The New York City Clearing-House banks in their state- 8% points. General Electric, Colorado Fuel Iron and United
ment of September 13 showed a decrease in the reserve of States Express have made substantial gains. American
$7,039,200, and a surplus over the required reserve of Sugar Refining, Tennessee Coal Iron
Railway and the
$715,075, against $4,097,050 the previous week.
United States Steel issues have been relatively strong, and
Iron and the Westinghouse stocki
Sloss-Sheffield Steel
Differences
1900
1902
1901
weak.
from
Sept. 13
Sept. IS
Sept. 14
and the tone
&
&
&
previous week
$
Capital
Surplus
Loans <fe dlsoounts
Circulation
Net deposits
Specie
Legal tenders
Beserreheld
36 p. o. of deposits
Surplus reserve
Note.— Returns of
$
81,722,700
96.061.700
872,266.100
80,796,100
931.4S3.000
167,955,700
72,013,100
74,222,700
90,969.600
825,830,600
29,478,400
907,314,900
176,600,800
71,071,600
7,039,200
3,667,226
239,968,800
232,858,260
247,672.400
226,836,225
716,075Dee 3,381,975
7,110,550
20,886,175
100.072,700
114.637,100
899,49«,900
34,267,600
908,769,300
166,776,300
72,132,100
Deo 6,876,900
Ino
702,600
Dec 14,628,900
Deo 6,818,600
Deo 1,220,700
227,907,400 Deo
227,192, 325!Deo
separate banks appear on page 690.
—
Foreign Exchange. The market for foreign exchange
has been weak and irregular on a fluctuating money market
and gold imports.
To-day's actual rates of exchange were as follows: Bankers'
sixty day sterling, 4 8285@4 83; demand, 4 8575@4 8590;
cables, 4 8640@4 8650; prime commercial, sixty days, 4 8234
@4 82%; documentary commercial, sixty days, 4 82@4 8334;
grain for payment, 4 83@4 8334; cotton for payment, 4 82
@4 8234; cotton for acceptance, 4 82^@4 82%.
Posted rates of leading bankers follow:
For daily volume of business see page 599.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
STOCKS
Sales
for
Range for Week
Range Since Jan. Z
Week
Amer. Agricul. Chem... 300 26 Sep 17 25%Sepl6 21 Mar 32%J'lj
400 144 Sep 15 145 Sep 13 140 Jan 161%Mar
Amer Tobacco pref
Assoc Merchants 1st pref 100 95 Sep 16 96 Sep 16 95 Feb 96 Feb
ButterickCo
2,130 51%Sep 19 53 Sep 13
41 J'ne 63 Sep
Canadian Pac subs 3d pd 3.105 139% Sep 13 143 Sep 19 136%Aug 142 Sep
100 95 Sep 19 95 Sep 19
77% Jan 99 May
Cleve Lorain <fe Wli., prf.
50 81 Sep 18 81 Sep 18 80 Apr 85 Feb
Con solidatlon Coal
General Chemical, pref..
100 103 Sep 16 103 Sep 16 98%J'ne 103 Sep
Homestake Mining
50 75 Sep 17 75 Sep 17
75 Sep 100% j an
Illinois Central rights... 15,100. U78 sep 111 12%Sep 19
ll^Sep 12%Sep
Maryland Coal preferred
OS 91 Sep 18 91 Sep 18
72 Apr 91 Sep
420 27 Sep 16 27%Sepl6 12 Feb 28 Apr
New York Dock
Quicksilver Mining
60
3%Sep 13
2»4Aug
43sMar
3% Sep 13
U S Reduction* Befg.. 100 34%Sep 15 34%Sep 15 30 Aug 44 B8 Mar
Preferred
100 58 Sep lit 58 Sep 19 67 Sep 68 Mar
Week Ending Sept 19
1
I
—
Outside Market. This week's sales have been confined to
only a few of the leading securities, but total transactions
have been moderately good, nevertheless, and an upward
September 19
Sixty Days
Demand
tendency in prices has been observed. There was good buying of Rock Island stock, which was again the chief feature
Prime bankers' sterling bills on London 4 83ia ®4 84
4 86% ®4 87
Prime commercial
4 82^ -®4 82 s4
of the market, and the common attained a new high recDocumentary oommeroial
4 82
®4 83%
ord, advancing from 5434 to 62, while the preferred rose
5 20^ 3(5 20*
Paris bankers' (Francs)
5 18*4 ®6 18V
from 86% to 89. Closing prices were 60 and 88. The bonds,
Amsterdam (guilders) bankers
39i5i8*® 39><s la 40ii 8 ® 40V
94ift 3i 96
Frankfort or Bremen (reiohm'ks) bankers 94% ft 94 10
lg
moreover, were exceedingly active at 883^@89 s, closing at
* Less he.
the latter figure. Seaboard Air Line was quite dull and
The following were the rates of domestic exchange on suffered a further break to 32 for common and 5134 for preNew York at the under-mentioned cities to-day: Savannah, ferred. United States Realty was again a point of interest,
buying 75c. discount, selling 75o. premium; Charleston, and on good buying moved up from 36 to 38 for combuying 1-16 discount, selling 1-16 premium New Orleans, mon and 79@79% for preferred.
Northern Securities
bank, par; commercial, $1*00 discount; Chicago, par; St, sold down to 11234, but recovered to 114%, while Manhattan
Louis, par San Francisco, 5c. per $100 premium.
Transit fell to 6^, rising later to 734- On sharp purchases
from 1134 to 143o. VirUnited States Bonds.— Sales of Government bonds at New York Transportation advanced
ginia
Iron, Coal and Coke continued its upward course,
the Board include $18,000 4s, coup., 1907, at 11134 to 11134;
jumping to 3334 on greatly increased buying, and closing at
$16,000 4s, reg., 1907, at 109% to 11034, and $10,000 3s, reg.,
figure, a net gain of 93< points over last Friday's final
that
at 107. The following are closing quotations for yearly
figure.
The certificates brought 78, but declined to 763£.
range see third page following.
The strength shown by this security of late is attributed to
Interest Sept.
the advantages which it is expected will be derived from
Sept.
Sept.
Sept.
Sept.
Sept.
Periods
13
IS
16
18
19
the readjustment of the company's securities. Montreal
registered
-Jan '1081* '108% '108% 108% 108% 109% & Boston, the only one of the Copper group that displayed
2s, 1930
-Jan '108% '108 34 108»4 j 08*4 * 10834 109»4 animation, was firm around 83£; New Brunswick Coal was
coupon
2s, 1930
2s, 1930 jimaJ.reglstered
unusually active and realized 5^@6i^. Renewed interest
ooupon
2s, 1930 .small
*106»4 *106 34 *108»4 '107% *107»4 was shown in Consolidated Storage Battery, the price adregistered Q- Feb 107
8s, 1918
coupon Q Feb 107 *107 *107 *107
8s, 1918
•107% *107»4 vancing in consequence to
2234, but sauging later to l'.^'iC,
Feb
8s, 1918, small.registered Q
A new security in the market was the stock
coupon Q- Feb '107' *i"07"" *i"07" *i'07" 'i"07% *ib7»4 to-day's close.
8s, 1918, small
*109 *109
registered Q Jan
109
4s, 1907
109 «» 110% *110% of the Colts Arms Co., which opened at 43 and rose
coupon Q Jan 110 *110 *110 *110», 111% *111%
4s, 1907
Baltimore & Ohio rights likewise made their first
to 45.
•186%
registered
Feb 136%
*136% *137
'137
*136»4
4s, 1926
ooupon 8= Feb 186% *136% •136% *137
'137
*136»4 appearance on Tuesday, and were in good demand at
4s, 1925
•106
*105
registered Q- Feb 106
*106
'105
*105
6s, 1904
334® 334.
*106
*105
couj'on Q Feb 106
*106
105
6s. 1904
'105
Outside quotations will be found on page 599.
"This is the price bid at the morning board; no sale was made.
fl
;5
;
;
;
%
%
3
1
New York
Exchange— Stock
Stock
3
_
.
Record, Daily,
9
1
.
Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS—-HIGHEST AND LOWEST SALE FKJCES
Saturday
B*pU 13
Honda
Sept.
Wednesday
Sept. 17
Tuesdai,
si
15
Sept.
16
44% 44% •42
Thiirsaay
Sept.
•42
•70
94
45
74
STOCKS
NEW YORK STOCK
Friday
19
18
Sept.
45
•42
Sales
the
01
Range
On basis
Year 1902
Range ror Previous
100-share lots
Year (1901)
lor
or
Week
EXCHANGE
SJiares
Highest
Lowest
Highest
Lowest
Railroads.
Arbor
120 33 Fcii 20 4S-, MaylO 20 Feb
1,400 63 Jan 9 77%Mayl5 50 Sep
Sep 9
42% Jan
138,035 74% Jan 2
31,000 95% Jan 2 L06%Sep 2 70 M:«
Janl
sl-% Jan
11 8% Sep 10
139,735 101
4,923 93% Feb 2
99 Sep 19 83% Feb
30,175 60% Feb 14 72%J'ly21 55% Oct
110 Apr
Attg26 77 Mar
L28
Buffalo Roch. & Pittab'g.
300 139 Apr
1 1:>
Sep 1 116 Mar
Do pref
Jan
112%
2
145%
Sep
3 87 May
78,200
/ Canadian Pacific
97 May22 54% Jan
1,100 85% -la 11
V Canada Southern
300 180 Sep 1 198 Jan 6 14534 .Ian
Central of New Jersey...
16,050 45 Feb 20 57% Sep 3 29 May
in -sapeake & Ohio
7,150 33% J an 2
45%J'lyl6 27 May
Chicago* Alton
750 74%J'ne2
79 J'lyl7 72%Jan
Do pref
2 75 134% Jan 21 220 34 J'ly30
91 Jan
Chicago
East'n Illinois
100
136%Sepl151
J'ly 1 120% Jan
Do pref
35 Aug20 16 Jan
16,825 22% Jan 2
Chicago Great Western.
55 90% May
95%J'nelO 90 J'ly
Do 4 p. <J. debentures
100 83 34 Jan 2
90% J'iie24 75 May
Do 5 p. c. pref. "A"
5134 Aug20 41 Dec
Jan
1,900
2
43%
"B'
Do 4 p. c. pref.
Chicago Milw. & St. Paul. 212,135 160% Jan 2 196% Sep 19 134 May
10,560 186 Jan 14 200% Sep 19 175 May
Do pref
4,911 204% Jan 14 271 Apr 2
168% Jan
Chicago & North Western
200 230 Jan 18 274% Apr 29 207 Mar
Do pref
Pacific 18,30 152 Jan 15 205% Sep 19 116% Jan
Chic. Rock Isl'd
•70% 74 Ann
73
73
Do pref
72
70
•78% 74
04% 9 % 95% Atcli. Topeka & Santa Fe.
94% 94% 94%
94% 93%
93
93 % 94
34 103
103%
102
103%
10S%105
103%
104
Do pref
104%
103%
103% 104
114 114% 114 114% 11334 115% Baltimore & Ohio
1 1143j
113% 11534
11434 118
9734
99
§99
97 %
98%
Do pref
97% 97%
97% 97
97
00 %
68 3+ 69%
67% 08 34
69%
Brooklyn Rapid Transit..
67% 6834
68'-
44% 44% •43%
44
i
•70
i-j
45
73
1
<9
»124
1-6
•140
145
140 Hi
13i>34
41 s*
76=8
89
184
•180
-
65%
54% 66%
41^
"•
126
145
130-%
•88
139% 141
88
88%
182
-124
'140
41 1* 41%
75 34
6%
.
140%
89
8184% 184%
55% 55%
41% 41%
75% 75%
-
•124
•140
•124
120
145
•140
126
145
140% 141% 140% 141%
SS-4 ss%
88 34 88
143%
88% 88%
•ISO 184 •180 185
182 185
55% 55% 65% 50%
55% 56
41% 42% 41% 42% 42
42%
76
76% 76% 70
76
70%
i
208
130
207
130% 130%
3-'- 38%
"3234
ies%io9
197
162
34
260
165
•162
210
195
•22% 23
22
200
40 a
4
18=8
41 7e
1^%
145
141
126
145
;
|207%207% •206 215 •206 215
*
138
138 *
"33% "33% 33% 33% 33% 33%
•90
02%
021-2
92% }92 34 92% •92
-90
•90
•8734 89
-88% 89
83% 88%
89
•8S
89% •38
40
40
49
49%
48%
48%
4734 48%
48*2 48V;
3
18S 189% 187 's 189=8 187 4 189% 189 190% 189% 191%
197 197
197% 197%
1953j 196% 19534 196
195%197
238 23934
230% 237
235% 236
232=8 233
•233 236
215
•J09
'124
199%
197% 190% 199
lot!
165
199
23
41
210
"a
40H2
18
•48
22%
41%
18%
165
210
203
260
200% 200
203
204%
33% 34
•91% 92%
•88
88%
49% 49%
101% 190%
10 7 200%
230% 242
205* 205%
&
&
•163 167 •164 167 Chic. St. P. Minn. <fc Om
210 •199 210 •199 210
Do pref
23% 24% 2334 24% 23% 24% Chicago Term'l Transfer.
41% 42% 41% 42% 4134 42%
Do pref
19% 20% 19 34 20% 1934 20% Chicago Union Traction.
54
57
56
57
Do pref
105% 105% Cleve. Cin. Chic. & St. L.
105% 105% 105 34 106
•163
•199
2334
41 34
18% 18%
52
8,300
8,200
12,585
1,600
2,200
105% 105% 104% 105% 104% 104%
Do pref
"33" "84
"88% "33% "33% "34% "33% 34% 34 % 34% Colorado & So., vot. trust
*33%"34
3
75
75
75
75
75% 75
Do lstpf. vot. tr. cfs
•76% <0% 75% 75=s 74 4 75
52
52"
51
51% 51% 51% 52
52
52%
Do 2d pt vot. tr. oris
51% 51% 51
180 180% 180 180
179 179% Delaware
17634 178 -177 181
Hudson
•178 180
"
'
<fe
280
•
49% 49%
94i»
•50
52
28
22 34
11%
•82% 33%
40% 41%
70%
™%
56
56
•66% 68
•92% 95
•62 14 64
•197 200
22
9734
-s
94 Hi
43
92
20
280
-
93% 94%
'
22%
43% 44%
94 Hi 94%
•20
49
280
49
23%
44%
94%
48 3
4
94
•275
49%
94%
49% 49%
94% 9434
62i2
2234
43
93
23%
43% 44%
2234
23
43%
93 34
94
197
20 34
95
63
197
280
•
49% 50%
94% 95%
•51
20% 20%
32% 32% 32% 33%
4034 41%
401-2 411-2
69 %
0% 69% 70
55 4
55% 53%
•66
67%
66
66
*92i-2
280
21
3334
50 34
65
•92% 95
64% 66
56 a4
65
64% 64%
199
3334
41% 41%
69% 70%
-92% 95
•197
94%
21%
•198
199
52
23%
44%
•275
280
elaw. Lack.
& West'n.
49% 49»4 Denver & Rio Grande..
95%
Do pref
95
•51
23
52
22
100
•93
8,334
6,835
Pt. Dodge.
Detroit South. vot. tr. ctfs
Do pref. vot. tr. ctfs.
Des Moines
<fe
8.200
40,920
4,800
2,350
23%
43% 43%
94% 95
«93% 94 Detroit United
21% 21% 21% 2134 Duluth So. Shore & Atl..
•33
34
33% 34%
Do pref
41% 41% 41% 41 I?rie
69% 70% 69% 70 Hi Do 1st pref
•56% 57
•0O J4 5634
Do 2d pref
•65
05 % 66
67 Evansv. & Terre Haute..
"92% 95
'92% 95
Do pref
64% 05% •62% 06% Pt. WortlutDen. C.,stmp.
•198 199
197%198 Great Northern, pref
23
43
Green Bay&W.,deb.
22
7,600
1,300
5,300
1,420
23
23
Do
2334
deb.
1,000
54.400
9,300
1,325
700
2,625
455
ctf.A
ctf.
B
177
•OS 100% Hocking Valley
100% 101 101
94% •93
Do pref
94% •93
94%
92% 92% 94% 94% 94
$100% 101 Illinois Central
168% 171% 169% 170% 17034 171% 171% 172%
170 171
3
3
483
483
•48
48
48% 48 4
48%
owa Central
4834
49
4
4
4
48% 48% 48
85
83% 8434 84 34 8434 •84
•84% 85%
Do pref
83
83
•84
85
•46
83=4
37
9734
48
83%
37 %
59% 59%
40% 40%
•72
•66
•123
80
67
133
96ia 99
99
99
94
40
40
80
67
135
40
•72
•65
•125
40
80
67
135
82
85
•89
91
28% 29
•
174
28%
91
2834
i*13%113% 113% 113%
•125
79
136
127
80
136
79% 82
-89
5934
•125
135
'125
135
•86
86
85
153
154
125
146
126%
147%
*85
•89
8234
37% 38%
59% 60%
85
86% 85
153%154% 152% 154% 152% 153%
134 135% 134%130%
134=8 135
123 123% 12434 12434
124 124
146 147
144% 145%
147 147
*39i* 42HJ •39% 42% *S9^ 42%
85
.85
153%153%
136%137% 136% 138%
124 124
145 34 146%
HI 41
•89
91
91
28% 28%
28%
28-8
113% 113% 113 34 114
•40% 42%
•89% 92
28% 28%
113% 113%
•124
78 a4 80%
48
46
48
78
-134
34
78%
129
78% 79%
137 •134 137
136% 130% 136% 137
34% 33% 34%
33% 34% 33% 34% 33% 34
67% 67%
07% 07% 67% 68
67^ 0734 603j OS
120%121% 121%121% 120 a4 122%
120581221s 119% 122
Kanawha &
582
43,729
1,210
730
Michigan..
20is
116
20%
•4034 42
•113
110
20%
2()34
41
41
•112
116
20%
*4034
•77
39
79
39
40
41
23% 23»4
78% 79%
39% 40%
24% fit Joseph cfcGr'd Island.
23% 24%
24
24%
24
79
79%
81
41
41%
80% 81%
41% 42
40%
79
41
18
96 34 Aug21
Feb 1 53% J'ly 11
Feb 3 25 Sep
Feb24 48% Sep
97 Sep
24 Aug27
35 34 Apr 9
J'ne 2
Jan 15
18% Jan 14
35%Mayl9 44% Jan
6534
51
50
82
30
Mayl9
Mayl7
Mar20
May29
75% Jan
2
2
63 34 Jan 2
74% Mar
7
10434 Fel)27
06 Sep 17
300 38%Augl3
153%Mayl9
40% Jan 15
117%May21
800 84 Feb 4
22,425
2,200
200 209 % Jan 30
19,500
44,435
2U0
6,950
'
St.
Do
Do
1st pref
Law.
2d pref
&
Adirondack...
32
55
00
Marll
Janl4
Feb 21
67% J'ne23
100% Jan 6
2*500 78
99,399 147
160 39
1,525 71
84,970
3,780
3,800
0,700
4,440
3,200
j
,
<
175% J'ne
Jan 1031 1 J'ne
Jan 45 J'ne
14% Dec 17 Deo
Dec 407 3 Deo
Oct 82 Aug
4% Feb 12%J'n«
36
75
13s8 Jan
221 2 Sep
59 34 Jan
75
24% May 45%J'ne
39% Jan
41
81
17
Jan
Jan
Jan
J'lyl8
Jan 14
77% Dec
13% Jan
62 3 i
68
Deo
Deo
Apr
Apr
Apr
1
25
Deo
Apr
$230 Apr 3355 Nor
67 Jan 90 Deo
76 May 1113 J'ne
83 May 145 Deo
i
150
27
May 177
Jan
J'ne
Not
41
93
Sep
30 May
107% Mar 180 Not
67 34 Jan 111% J'ly
101 34 Jan 124% Oct
79% Jan
1234 Jan
.
.
'
Jan 8 47% Apr
Feb 15 85% Sep 10
May 17 93 Sep 8
80% Jan 7 105% Sep 4
113 ~Mar25 128 Mayl4
93%J'ne27 96%Mayl5
52% MarlO 78% Sep 3
79% Mario 90% Sep 10
60 Jan 14 80% Sep 11
74 J'ne27 125 Apr 23
12 Jan 14 24%Aug29
02 Feb 6 81% Sep 19
27 Jan 7 42 Sep 2
50 MaylO 141%Febl7
81
Jan 49 Apr
18% Oct
5 34 Jan
24 Jan 45% Sep
3934 Jan 76% Nor
108% Jan 135% Sep
35
16 May
49 Apr
15 Jan
6934 Sep 10 37 May
126% Sep 10 69 Jan
122 Apr2 §70 J'ne
2134 Sep
c 3% Jan
453 8 Marl8
139 3 8 Jan
168% Jan
16 May
57% Aug
124% Jan 2
97 Mar
100 Aug
47 Mai
255 Apr28 J20ti%Feb
24 May
37% Sep
78% Sep
42 Jan
98 J'ly 23 82 Feb
8034 Sep
52 Feb
106 Mar2
89 Feb
8434 Sep
63 Jan
170 Sep
137 May
300 80
1,400
88% Apr
Nov
Nov
1171- May
89 Nov
196 s Deo
52 = May
50% Apr
82% Apr
140 Nov
136 Apr
27 Nov
943., Mar
90% J'ne
56 Mar
188 May
200 May
215 May
248 Apr
122
146
95
36
181% Mar 5 202% Sep 4 1 67% May 208 Mar
70 Jan 11 90 May22 65 Jan 67 3 (Feb
9 Jan 8 25 Apr 9
7% Jan 11% Apr
66 Jan 15 106 Aug 8 40% May 75. % Deo
81% Jan 14 97% Aug 7 69 34 Jan 88% Deo
137 Jan 14 173%Aug27 124 May 154% J'ne
37% Jan 15 51 4 Aug21 21 Jan 433 1 J'ne
71 Jan 14 9038 Apr28 48 Jan 87% J'ly
33% Jan 25 50% Augl4 21 Jan 41 J'ne
Jan
51 Jan 13
9034 Marll
80 Jan 24
4,800 c 14% Jan 15
Rutland, pref
22% 23%
77% 79
80
39
13
33
75
10
7,900
304,220
<fe
•22% 24
88 34 Mayl9
-
•112 116
•112 110
112 116 Nash. Chatt. & St. Louis
at. of Mex., vot. tr. ctfs
2<>%
20% 20% 20% 20% 20% 20%
Do pref., vot. tr. ctfs
41% 41% 41% •40% 41 34 *4034 41 4
7
'163% 164% 102%163=8 162%103 e 103% 164% IO334 164% 163% 164% N. Y. Central & Hudson..
*55
•54
Y.
Chic. & St. Louis...
50%
50
55% 56% 50% N.
55% 55% 55
54% 56
Do 1st pref
117 120 •117 120 •117 120 •117 120 -117 121 '117 121
Do 2d pref
•01% 92
93
93
92
91
92
92
93
93%
91 % 92
•233 237
•233 230 •233 230
235 235 •232 235
234%234% N. Y. N. Haven & Hartf
35% 30% 35% 36
35% 35% N. Y. Ontario & Western.
35% 36% 35% 30
35% 30
74
7534
741-2 75%
74% 76% 75 a4 70% 75% 70% 75% 76% Norfolk & Western
•93
95
Do adjustment, pref.
•92
•93% 94
93
94
95
94
93% 93% •92
80% 79
80% 79
79% 79
79
a0% 79
79% 80
80% Pacific Coast Co
Do
•102 108 -102 108 •102 108 •102 108 *1»2 110
1st pref
102 108
Do 2d pref
83
83
83% 83% 83% 83% •82
84
82
83% 82% S3
16534 167% 167 108
165 167
167% 168% 167%169 Pennsylvania
166 167
•40
•40
•40
43
43
40
43
43 Peoria & Eastern
43
40% 40i4 '40
."
•83
83
83
83
•82
83
83
85 Pere Marquette
85
83
•85
•85
Do pref
89
90
85
95
85
90
85
85
IOII4IOII4 100% 102% •101 103
102% 102% •102 103
100% 102% Pittsb. Cin. Chic. St. L
•110 125 •114 125 •114 125
Do pref
•114 125
•114 125
114 125
"92
•92
•93% 95
92
•92
Securities, "A" ctfs
95
•91
95
95
95
94
RR.
eading, vot'g tr. ctfs..
73 % 74%
72% 74% 72% 74
73% 73% 73% 73% 73
74
88ia 891-2
87»4 «734
1st pref. vot. tr. ctfs...
87
88
87% 87% 8734 88
87% 88%
*79
80
78% 79% 77% 78% 78
2d pref. vot'g tr. ctfs.
78% 78% 78% 78% 78%
•113
J'ne
07
1
"
Do pref
67%
3 22% 123% Missouri Pacific
May
114 '..May
210
<fc
67
Deo
J'ne
Feb
Mar
15%Feb2_
30% Feb 20
10% Jan
C.Ft.S.&M.,tr. cts. pfd
7,250 80% Jan 2 88 Aug 1
82%
12,400 19 Jan 15 39 Aug25
38% Kansas City So. vot. tr.
Do pief. vot. tr. ctfs. 3,500 44 Jan 14 62 34 Apr21
59%
800 13 Jan 15 41 Sep 10
39% Keokuk & Des Moines.
45 Jan 2 84 Apr 22
Do pref
75
100 64 Jan 15 71% Jan 3
Erie
67
<fc Western...
Lake
•125 135
Do pref
125 Jan 15 138 Feb 6
........__
L. Shore & Mich. South'n
325 Apr 7 340 Apr25
•84
700 78 34 Jan 15 91% May 2
85% Long Island-.
Louisville
33,050
Nashville...
102% Jan 27 159%Aug20
153% 154%
137% 138% V] anhattan Elevated.. 136,740 128 Marl 2 140% Jan 29
3,800 109%Mayl9 134% J'ly 23
126 127 iTXetrop. Secur., sub. rec.
12,410 144% Sep 10 174 Feb
146% 147% Metropolitan Street
•40
Met,
40 38 Feb 7 43 Jan
West
Side
El.
42%
(Chic.)
*89 34 92
Do pref
89 Mar 3 91 34 Mar22
3
2,772 25% Jan 15 31%Mar31
28% 2S 4 Mexican Central
Michigan Central
3150 Mar 7 192 Apr 29
1,250 105 Jan 27 115 AprlO
114 114% Minneapolis & St. Louis.
Do pref
'124 129
118% Jan 22 127 34 Apr2S
78 34 80% Minn. S. P. & S. S. Marie. 12,705 36% Jan 2 82 Sep 8
Do pref
2,250 90 Jan 14 139 Sep 12
134%130
21,800 24 Mar 5 3534 Sep 10
33% 34% Mo. Kansas & Texas
82% 82
38% 38% •38
69%
59%
39% 39% 39%
40
40
•70
•70
75
•70
75
•65%
65% 65% •65% 67
83% 83% z82% 83
30
37% 37% 37%
59% 59%
59
59 34
•72
•65
•120
•46
82
1,315
66
91
170%Apr30 125 Mar 146 34 Nov
Apr 15 180 Mar 201 Apr
24%Angl9 10% Jan 31 Apr
44 Sep 10 28 34 Dee 57% Apr
23 Apr 29 12 Jan 203 May
4434 Marl5 00 Apr28 58 May 60 May
95% Jan 14 108% Aug 8 73 May 101 Nov
113 Jan 21 124% Sep 2 11534 Jan 124 Nor
14% Jan 15 35% J'ly 17
6% Jan 18 Apr
59% Jan 15 79%Augll 40 Jan 60 Deo
28 Jan 14 53% Sep 2 16% Jan 2834 Apr
170 Marl 1 184% Jan 7 105 May 1851- 2 Apr
253 Jan 15 297 Feb 4 188% Jan 258 Deo
41 Apr 7 51 34 Ang21
29% Ja,n 53% May
200 140
195
167
Nov
34
14% Jan
3334
72
57
88
36%'Nor
Not
35% Apr
68% Apr
124% J'ne
J 82% Not
94 34
15 % Oct
174% Not
57% Sep
120
95
217
Sep
Sep
J'ne
40% May
61% Not
92% Not
78 Dee
103% Deo
83 Not
161% Apr
50
Jan 94
Jan 86
Jan 81
Jan 113
Sep
Not
J'ne
Deo
Dee
24% Jan 58 Dee
65 May 82% Dee
38 Jan 04% Deo
97 Nov 112 34 N0T
7% Jan 15% J'ne
55
17
57
Oct 78%J'ne
Dec 30 J'ne
Jan 134 Deo
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
KKW YORK £id
America" ... 540
Amer Excli.. 273
Ask
Banks
Bid
Ask
Bid
Banks
Ask
Banks
Bid
Ask
Banks
Bid
Ask
Banks
Bid
ABIC
Leather Mfr. 260 280
650
Plaza*!
240 250
Nassau*!
210 220
500
Liberty
650
Gallatin
425 440
New Amster 650 725 Prod Exch"! 160
Lincoln
1000
Riverside*] .. 300
New
York Co 1500
GansevoortH 140
Astor
750 1000 Commerce... t345
Manhattan*!. 330 340
000
Seaboard
Garfield
500
N Y Nat Ex. 205
Bowery"
C'rnExnew*! 440 450
Market <feFul 265 275
650
German Ami 155 105
New York... 340 350 Second
Broadway ...
East River.. 155
Mechanics' . 285 295
Seventh.new 150
German Exll 350
19th Ward',. 150
Butch's<fc Dr 100
180
Mech & Trail 160 168 North Amer. 250 270 Shoe& Leth. 160
Emp'eState"]
Germauia*] .. 000
Central
190 200
Equitable ... tll2%
Mercantile.. 375
600
185
Greenwich *| 350
Northern
Century 1
175
Fidelity*]
Merch Exch. 100
12th Ward*]. 110
210
215
Hamilton!) .. 170
Oriental"]
Chase
700
Fifth Ave*j.. 4000 5000 Hanover
Merchants'.. 185 190
1251% ...... 23d Ward*].. 125
640 665
Pacific*!
Chatham ... 340 360
Fifth
United
375 425
Metropnew'j 450
130 140
Imp & Trad. 660
Park
t048
Chemical
First (new).. t805%
Mt Morris"!.. 225 235 PeoDle'sH
t4402
UnitedStates 350
250
Irving
235
Citizens'
14th Street' 200 300
Mutual*!
Varick"*)...
t205
200
130 140
300
Jefferson*]... 175
• Bid and asked prices; no sales were made
on this day. i Less ihan 100 shares, t Ex rights.
State banks, a Ex dividend and rights. 6 New stock.
1 Sale at Stock Exchange or at auction this week.
c Includes, prior to May 17, dealings in old Mex. Nat. trust receipts.
s Trust Co. certificates.
City (new)... 305
Colonial 1| ... 3S5
Columbia*! .. 350
315
Fourth
|
.
",|
%
V
A
'
4
'
s
1
STOCKS— HIGHEST AAD LOWEST SALE PRICES
13
79% 79%
88
36%
77'-:
77%
394
79
39 34
97
*92
,:>
80
'80
.SS
'S
39% 40%
96%
36%
92%
''I
29% 30
45 4 46
45
5
.80
1st prei
4,96i
M. & O. slock tr.
rexas & PaciHc
122
3,540
3,400
...
:;,>
9S
00
,
'4
g
.
2%
2
2
2
10
10
*8
34 'g
35
92
52
34% 34%
90% 90 s
*91%
52
8
8
34% 34 34
90% 91%
,
52
2%
7%
2",
10
3434
52
*36
*36
"36
39
39
39
"252
'250 260
'250 260
260
00
:>s
a;58% 59%
58% 58 h
60%
1,
10
10
10%
9% 10
9% 10
12
39 ij
24
55
33 \
97
3938
*22
•51
32%
96%
'6%
•50
32% 33%
95<% 96
-6% 7
7
23
'23
26
46 %
46%
*96
»123
-99
129
*118
"93
*169
46%
96%
97%
125
130
100
129
122
95
1434
* 1
!
80
4
25
96-a
135
135
100
'125
>
129% 131% 130
13034
120
$91
122
120
95
U5
15
120
•90
91
*123
135
399
99
•
130% 131'8
"120
"90
122
95
14% 14%
•14% 15
80
110
245
241
-11% 12%
79% 81%
135
19
80
110
248
$79
•106
"242
11"
'.'42
248
140
-4%
5%
*34% 30%
192
60
61
60
75
75
8334
*5S
53
*94
*10
L05%
*
24
a
53
'92
•8
•4734
12
47% 48
*1033a 105%
2
186%
125
125
24
90*%
91
106
125
'
1
:
1
24
90 %
1-,'
'184
123
44% 44%
1(16",
58%
53
94
13
48
1
44%
238
*238
34
•ss
353s
>«
88
'.
245
3334
87 34
34%
88%
22
82^
82
70%
%
77
*68
76
•94
•6%
'>%
Ms
1
20. M
'
I
77
*93
e
69
42
'.
•15
15".
"79%
14% 15%
54»4
*149
.',1
133s
*89«b
90
*66
57
131
-240
95% 95%
»227
<,
22 3
230
*
5
1
79
96
-93
96
l.VV
153*
15
15%
55
56
38
L3%
ss>,
88%
17
•16%
57
40*e
"56
70%
17',
90',
70",
9
1
9ii
228
24o"
132
250
94%
•
227
228
1
214
75%
76
•94
97
6%
40
15
15
70
69
75 4
75
97
k92
7
7
•10
42
14%
250
1
oil
I
.V
1
eel ...
1
14',
r.
"i
53
7s
Ham
90% 92
69% 70 4
$13.1%131%
DO
Wells
Apr
ne
Jan
\pr
215
24
Jan
13
pi
29
-"
Apr
68
Jau
Api
Sep
•
;
.-.
2
16
2
-
J'ly 2
Fell
13
7
4
1
s
1
4
is.,
1
5
87%J'nel9
60 Jan is
20% Jan 17
Is;, Jan 21
1
L 0,930
•
'
I
'
Apr
,
l'." 4
..I
;...
1..
!.:i
',
.
May
U\
i
si-
Apr
Apr
J
Hunk*
Bid
01 Y
Wasliinern' 200
Wasli.il'lit.sl, 200
Wcsi Sidel
590
Western
1623%
I
Vorkvillo'
..
Ask
42
Apr
s
19
12
A pi
19', J'ne
65
Apr
Deo
8
1
pr
7
.;
Jan
69%Maj
s,,, lp
Apr 44
Mar24
Jau
10(1
',
2
17
1
in
7
'pi 28
Sep 9
5
84
',
24
69
7
.111
MftJ
Jan
Apr
101% Apr
2
.Mar
Apr
1-5
Aug
1
.
116
Apr
May
Aug
Deo
il30 Jan
h'kooVi si ,.! lv in 97% Aug26' 81
Jan 100% May
ISO
Dec
14 5
ran 16 233
Sep
IS.
Deo
iso Jan 8
U>r 9 157
.
*94"% 96%
nion
est 'n
22S West'gh'seEl<S Mfgassen
•J23
Do lsl nref
220 230
TTnionli
360
Manuiactrs'. 340
218
I
.!'
1 lll«.|
1
Mil. UlIs'..
S
isau
..
in
.
ISO
1
Vopli
200
Boroughl
LOO
250
17IU \Y:ir.l'
Broadv
130
BrooH
200
130
spragui
SMi Waul" ..
26th Ward',. 135
* I'.in ami asked uncos'; mi -alos 011 II, is day.
1 Sale at Stock Kxehan -1 or ai auction tins
I
Farm
2«0
220
I
l."lli
i.\
...
.
1
1
1
1
1
Lo.-s in. in
EX
1
8 to
9
I
'
2011
Morion
L50
a i.l. 640
inty Tr 7:io
an T: 210
ICnick 'rb'k'i 775
\
-k
\
Manhattan
.ii.".
|j
..ii
11-1
1
Real
1
825
1090 1110
300
1
'
I
I
1
.
'.
I
1
1
1
11
1100
42.1
1
I
M
S
nil
11
1
:
a
I
stales
1
.
-.
s
11
llainil.
in
K
v.
Itpbc 310
1.
111
-j
lsl
.1..
;
Manufact'rs*
Nassau
Inion Trusi
..
M .1 oanlili
1
:ll
ion
'i
I
0,1-11
:
1
.1 .1
...
:s.,
Merchants'
K
Brooklyn
1225
I
Trusi Co's
N'denTr
Washington.
Vail
Amer. 280
h
1
rlii.v
I
X Y Soo A
670
750
a sk
etropolltan 000
Mill. All. an.'.
\ \ I.1I.A
1
i.m
.
:.
1
110
s
.
1775
w
illinmab'E
!
lies.
..lend,
i
1
1
.
Bid
<<>'<
Trust
M
215
205
.
160
.
1
Lincoln Tr
380
ai
Contini
'1
25
180
ism,
1
'oiiir.u
'.si
City l'rusi...
'.-.'
.
2
172'-
iay'1'r.
85
290
Bid
2 2
Statu
Equitable
Filth
Buwl'j
1
Empire
160
to
in..
<1».
«
Atlaiiin
350
290
iy
North Sidel
1
Trust Co's
Eastern Tr.
CITY
N. Y.
1
V..
Ask
Bid
Banks
BROOKLYN
First
IKLV.V
Bedtordli .... 225
Ask
Bid
Banks
BROOKLYN
5th Avenue" 105
|-.\
x
:ai
-
Trust
1
1
i
....
'..
1
,
•
ne
J'ne
3
5
«53
\
9ll
May
3% Mai
49% Mai
-.p
Sep
59
>s Feb2o
79*8 Jan 2
14 Jan 2
50% Jan 14
Apr
Dec
65 4 Jan
1
11
.in.
1
.pr
..
1
0.5
9
!
J'ne
Jan
s
\pr29
\pr2
Sep
72 Jan Li
10 4 Maj
42
May 19
97 .Ian 2
1
Oct
.
.-..
gi p
;
i
Apr 21
- -
1
I
Jau
11% Sop
i
s
.
May 19
Jan 10
11
'-j
90
1
..,
95
1
Sep 19
sop 2
4", sop
8
s sop 10
i
banks and trust companies-brokers- quotations
NliVV YOltK
ne
Nov
Mario
Jan
Mai
.0',',
oi
.)
72% Mai
1
10.529
,
ne
J'ne
J'ly 175
iio
1
I
s
4
.
Mai
',
8
4,7011
CO
1:111:0 it
>
1
..."
7211
1
Nov
.;
100
iirel
April
MT
-ian
day
l.'.ii
,"1%M ai'22
pre!
74
net
Oct
8
323
1
s.l
15
Augl3
95
L96
.
-ep
1,350
States Rubber
pref
States Steel
Do
\pr 4
c
\..v
-op
1
1
74
8
37
92
p
May
lell
I
61 4. a
Virginia-Carolina Chein..
-,
250
or.
Har21
21
Mar
S<
a pi
24'-
i7%Feb2s
3,400
2.175
14,200
2,900
2s
Jan
1% Jan
5%
\lal2n
'1
IleO
4
l:K...
prei
2s;i'i,
eu
.an
1
1
Aug
Dot
69
S3
Uayl
Jan 15
at
United stales Express...
niieii states Leather
Do
90%
173.
% 18% United
57 4 58%
Do
- 1
42 % United
J'ly
Jan 28
,
7.L1111
Do
10
sj
•iarl.1
63
I
Pipe
1.
5
1,680
•
&
Sep
25'Js
pret
last
1
J'ne
1
7
.|.i
%Jan
11
it foiin.
S.
ue
.!
1
.an
J»
.......
prei
Do
157
'240
lii
1
.
1,24.
Cexns Pacific Land trust
Union Bag <V I'aper
„
1
.Ian
L2
43%.'
30
220 104
15 4 Jan Is
pret
-9
i
230
5
57
100
sjirmg...
Standard Ropi i
linn. Coal, Iron
16%
134
2
13,200
9,150
Do
in,
15
80
56%
Jan
£U>SS ShelHeld St.<£ Iron
71
42
>i
l.'ii
954 96 4
223 '« 22
223', 225
22 7
!
1
.Ian 14
4.54i,
Do
7
1534
I
250
-Jill
4
15
*7'9
15
79% 79%
1534 15%
50 4 57
9534
227
227
230
70
"40
Stei
Republic
77
92
>
7
09% 70%
;"
49% J'ne
90
153
130
ion
.1
183% J an
9
5
2
,
17
•
127
4
'J
45
2,9i
234 Rubber Goods Mfg
Do pref
71%
21%
213,
v
69 Apr
104% J ue
Is
1311
ss
Car
ne
J
-III
...
1>ailw
38 4 Oct
88 Feb
20 Mai
7:1
Api
103 % Dec
111 Dec
}94 Jan
157% No\
J'ne
J'ne
s
\M22l'.
Apr
J'ly 2
I"- s V,.-
5 00
1
.
91% Nov
t'..
\ii-_-22
nejl
64 Jan
2,22
1
Do prei
Pullman lompauy
'
.u.u-25
-.ian 2
.
May2U
55
1"
ed Stei
'a
1
22% Aug
J..nl4
•
10
1)acuu- Mail
.....
30%J'ly
J'ly
M
33% Nov
8338 Oct
id,
22% Dec
1 <s Mar
7% Mar
ar24
\1
90
-Mayl7
49
Brake
New
North American Co., new
187
132
'
J
92
Lead
1
7
..
J'ly 15
200
Steam Pump..
V01 u
Ang26|
Jau 7
,
prei
N'ai 1011:1
122
27
Hi
prei
I)..
45 4
45 4
107 4
107% ;o7
51
5
'89
90
90
24 1
24 4
35 4 38
38
88 4
88 H
22 34
23
22%
82 4 xsl
•68
40
243
Do pref
Manhattan Beach
National Biscuit
130 4
56% 503,,
152% 152% 153 156
13% 13%
•88% 89
88 3« 89
»16% 1734
17 4
17
*56
58
57
57%
40% 11 '. 40%
9034 91 4
90% 91
70% 71% 70 4 71
130 4 132
ISO 131
68
70%
82 Hi
22 4
79', 80
15%
40% 40%
95
13
,
6%
8834
Internal
29
_
81 34
810
52%
27
100 Apr 19
135% Ma rill
1
r
*51
I
I'.'i
1,
4
i
1,600
I'i'ii
Do
Jan
2 53,
J
1
*9
% Jan
130% Jan 13 L39
4
610
Auglh
401
:ll"i Augl9
J'ly 28 334
1,721 0I8I
prei
Dternational Powrfr
International Sill er
is
48
"104 41
5
3L
2
43% Apr 22 49\.\Iav26
95 A pi. In 100 4. ue23
Sep 1(1
40 4 J a 22
1,395
24
*92
15
43
1
Tobacco, prei
Products
18
:i
53%
89%
(N. V.i.
is
1
I
Nov
Nov
',
11..1I
Do
.May
;
Iron
Do
rue
Jau
I
1
iron...
international Papi
92%
7
•
,t.
1
prei
Do
*
73%
45 %
69% 70%
40
89*8
22 7
76
•93
152% 153
1:;'.
1
Os",
69 4
68
57
153
25 4
92
187
4 88
2 2 -j 22%
82
22
I
104
S7
6%
$6%
80
250
53*a
N9",
1
80
'240
-
02
llo
21
'
95
12
48
12
35',
68
LSO
62
1
15%
.
•W
•92
53
94
13
1",
81%
1
24
s7-'i
868
75
130
•18
'1
1534
40
1734
62
62
'o
1
General Elec) nt
sGeorge A. Fuller Co
19. j
40
210
45
1
4
Apr
84 Mario .'"
10," '1 Sep
210 160% Jan 1h 186 Apr 4
570 12 "1 J'ne 5
Jan
'.in
7
21
Mai'
13%
8
3oo
3
Apr 2;. 79 Jau 10 70 Mai s 2 J'ly
50u (19543 'lylf i.l Pel) 1 28% Dec 54 % A pr
400 2I0 Jan 4 253 Aug28 175 Jan 228 Apr
4 ',
ion 10 Jan l:i 1 1 % Apr 23
-Mar
ue
34,760 73"4 Aug22
MU'2 1 4 •, -ian
50. 1/130 Jan 29
Apr
-iar26 110
Mai
sj
j
ne
'an
10
23
Apr
4
25
1,900
12% Oct
Apr
\pi"25 1S7
-ian 238
5,90 213 Jan
.ne 3 93% -Lin 124 J ne
2,900 115 Jan 2
Distill. Co. ol '.mi 11
Do prei., tr recta
37
19 4',
61
61
Oct
Oct
Oct
11
Do pret
Diamond Match
5
-35 4
$17%
89 4
24
81% 82
21% 21%
*4 34
5
74
I'll
2
15%
"79
15
-5 1
'149
57
131
2 50
i
70
16% 16% •16%
40% 40--',
90% 90%
7o%
70
Sj
105
4%
9
:
'
Com
38
;."
Sell 1]
Jan 3
Oi"
-i'iy
s,.
,
.
A pi
.ian
J'ne
.;.".
.
'.
Col. A
mi...
'oniini
;
i\2
lii
8% Apr
ii".
Apr
42', s. p 17
s
J'ly In
.,.11
85 Jan
54,650 116%. Ian
300 115 Jan
(
',
10%
11
Dec
J'ne
1
1
Do
>•
ne
'pr
Jau
Jan
Mai
M^ Dec
,,
pre:
Ctplorado in.
'
10
;;
Anaconda
pec
aion .as
Brooklyn
imp
rnnsw. Dock &
I
34%
87% -87
-47% 48% -47%
-
I
68
13%
*88 %
13'.
4
*237
34 %
87
2134
7
225
-73
$94
•11
94
12
3
52
70
22 4', 2.4
123 X 12 2
1044104 4
20% 20%
92
105% 107
82 Hi
20 V
21
71
26
24
244
91
91
• 1 82 % 189
rl8l
L87
126
123 124'-. 126
43% 44 4 44%
52% b34
*83% 90
J"
2
s
'1
ne
a
_
.
Jan 14 28 Api.lo
Jan lis 58 Marl7l
29% M.n 19 30%Apr29
1, ;oo
89 Jan
400% Api"29
f.Oiiii
5 Jan 2n
7 4.Miiv26
200 21 Jan 211 29 .Sep
it
2 4L2
*130
20',
-52~""
-s
lo5 4 1.06%
82
'.
1
•73
52% 53
47
103
•100
241
4 .ian
14 s.p
\|s .1
j
He
Mar
130
Sep LO
9% J'ly 11 31% Jau
5,100
3,000
J
..ir
:
92'
32
800
pref
Do
79
110
.
.
1
1
1
i:
Ma'
38 4 Jan
111.!!,.,.
American Malting
35
194
61
105 4
20%
24
62
is
'
5%
233b
91
1'86%
*
30%
196
61
62
105
*19% 20
•72 4 73%
1934 193,
a;73% 734
78%
79
36
1,921
2,260
15H American woolen
Si
135
2
Do
14
% Aug29
28% April
-''I'
J'ne
21
,
1
s.i
9% Sep
20
I;
45
4 Apr 14
414
2.9 10
Xot
May
May
9
8
1,90;
1
American Linseed
55
Do pref
33 4 American Locomotive.
*11%
12
82
135
21
22 1
4%
4%
5
*0034
61
•18
24
03
53
-4%
4%
35% 35% *3534 3634 *35
191% 192 % 192 192 •193
1.92%
lo5%
19% 20
*
4 a4
24
*139
>139
143
2334
*15
-11%
*19% 20%
223% 223% 2-i2%22234 222% 223% 223%
1234 123 Hi 123%123% 123 123% 123 12;,
*34
34% 35
34
34% 35
34% 35
87
87
87%
86% 86% 86% 80% 87
2 4'-.
224'.,
2
11%
40%
% Jan
'eo
i
ion
J225 Mayl9
Mai-2;
19
4 Sep
% Jan
.
1
"77% 80%
lOli
Oil
25
Do pref
48
Amer. Smelt'g it Retin'g.
9
Do pref
97 H
-123 1 25 American Suutt
100 100
Do pref
130% 131% American Sugar Refining
12(i% 120 a4
Do pref
94 American Tel'gh & Cable
$94
172
172
Amer. Teleph. ifc Teleg.
122
95
173
15
•171
15
..
"Si" 82S
•134
135
19
120
10',
1
j
.Vil'.N
1
11
19
O'Oll
Jau 14
Aug
07
2,000 30 2 Jan it. 57 4 Apr28 24
so Feb
99% Apr 23 85
32 4 Jan 14 42% May 2 32
210 Jan 13 263 Aug28 8169
2,i.9(.
\ie_'21
39 4 Jau
7,501
American Dist.Telegrapli
American Express
Amei nan Grass Twine ..
Amer Hide & Leather
De pref
42
11-2 American lie
4(1 '4
Oo pref
5
May
M.
23
1
Apr 29
-
25%May
Feb
>i
147
31
'
14 Sep
7
10%
I'
Sep
4- S
n
J'ly
61
5,906
Founilry
cte
•
,
06
an 24
I
U98
42.44.'
..
2434
47 '4
130% 131%
."s ill!
pref
4134
t
128
99 %
123
99
•90
170%17O%
"18% 20%
•139
,
25
25
39
97% 97%
::
7%
7
Do
American Car
260
60
*50
33
"..
47 4
46% 46% -46% 47% 47
96% 96% 96% 96% *96% 97
.242 250
250
11% 1134
12 \
SID.,
79% 80 4
•132 138
%
24
55
33
97
32%
96%
7
7
27
-77
107% 108
242
*24
26
47
*50
00
32% 33%
95% 96%
7
79% *77
106% 107% '106
79%
*77
32%
"36
•252
60
39
260
.
•50
55
3234
95% 95%
90% 100
170%
«14%
*50
55
^.
nialgamated Copper.
91% 91%
I">
pref
54 4 52
American Cotton
"95
99
Do pref
52
-36
•250
Hams
1
•"»
10
39
'
1% American Bicycle
8
35 4 35'
594 59
10%
10% 10%
3
42% 42 4
41% 4134
11% 114 11% 113a
39
40
39% 39%
•22% 2 4
"22% 23%
1.
11
84
35%
52
39
260
58 1
36
42% 42% *4134 42
11
11% 11% 11
38% 39»4 -38% 39
24
24% •23
1%
2
35
52
250
41% 42%
2%
7%
240
68%
1%
7%
683
91% 91% •90% 92
251% 52
52
6S%
35
•210
240
-210
'220 250
'220 250
OS-% 69
68*8 69",
250
•220
'220 250
68
68 % 683.
_,
.1.111
7,45u
I
1
)
Jan
s
Si
1,47
& .Hiscell
Express
1
2S
2
8%
1
49 4 .1:111 2,
Jan 14
28
Industrial
1
•
6
in
1.
May
i
s.'P
:
Nov
Mas L29%Jan
117
7
1
70
Mar
...
o,
52 4
3
Kel)
13
•"
.
1
129 Aug25
159 4
Jan
2 1',
Ma>
Jan
67 % Jan
J'ly 19
Sep
Apr
J'ne
63% J'ne
3534 J'ne
71
29
Sep
1
7i'i ';
9
'
134
I,
Mar
J He
--
ly
a 11
2
s
i
,
f>
?
2
.!.m
160,600
626
'4
15
710 L07 .J. in J
156% Aug
:,
92
I
i
is
1.
s
J a 11
364 ep
184 Jan
2id*4o
1
Apr 15
22
\
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'.
_•
1
81%
27
27
37% Jan
58J05
:•-!
•
Ma
90
1
Si p
Jan 14
92
ctt's ..
\
4 Dec
4 Jan
53%.
39
so
5
31% Jan
.
;
3
.'•
Jan
58
t's
9
.Mar 6
"1
1
h est
t(j
1 1
24
75
2
55% Mar
Co
tr. cl
52
lui'it Avenue ijN. Y.)..
130 131
37 '2 38 Toledo Railways & Light
30 4 30% i'ol. St. L. it W. v. tr. cits
45 4 453,
Do pref. vot. tr. etls.
126 127 Twill City Rapid Transit
40
126 34
2
.,.'."..
pref. rot. tr. ells
Highest
Jan
ii
82% •ily
70% May
2,540
TV
3
<
Southern voting
Do
oo
201
20 prei
Louis Southwestern.
pn-r
Southern Pacific
'j
Lowest
3,200
Do
.53"-
131
45
40
97
Do
1
1
Shares
1'i.iu
Do
•92
"53%
1264126% 126%
125% 125
st.
78 4
1
I
37% :;,
30 4 30 4
384
s6
7634
38
|
1
23%
53
4
*92%
*130
131
•
76
394 40
96% 97%
52%
52°8
130
36%
29% 29%
t
'4
1.
41'n
:
3b
1
130
.8%
I
i
39% 40%
973s 97%
"52 V
131
36 34
79 'j
79
77
'
1
:.7'i
Louisd! Sau
L
65
40%
7S",
79'-
-
76
70",
St.
Hanqe lor Prevtou*
Jiange ivr i ear 1H02
basis 0/ 100-share lots
Yea ' 1
Week,
EXCHANGE
.s.i",
LXXV.
On
the
;
51% 52"
28*6 29%
*oo
.
[Vol.
S11 Irs hi
STOCK
Do pref
108 a4 llo V 1093s 1103P 110 110 4 110 11038 110% 111% Union Paciiic
92
1>" prei
92
4
92%
02
92% 924 92%
4
92
92% 92 %
37 '4 373, \\7a0asli
3 7',
36'.,
3534 37%
37% 37
36% 37'.
a
53% 533
53% ;>3% 53 8 54 4 >> Do pref
51 % 53
51 34 5314
30i,
29" Will img & I..1K29'
29
le..
29% 29»e
28 4s 29
29
'"
05
64'.
•63%
64 %
6
Lst.pret
64
64%
'404 41%
44
41
Do 2d
4
4 41
40% 41
?40 34 40 a4
-9', _'.)•. Wisconsin Cent. v. tr. cfs.
28 4 28%
28% 30% 29 34 30"- 29 5
56
56
Do pret. rot. r. <t
5 4% 56 a
564 06^4 56
53% 54
109 % 109*8
.
5
"
's
3
30
29
45
45%
12534 1253.
127
p.
52
131
51
79
"92%.
87
764
37 4
77
-79%
4 so 4
•85
76'i
7
76 a4
97
"
130
76%
3
39% 40 m
'.'7
*!)•'
37
3U
45
s7
*85
16% 76%
35% 36 V
36
78
77"s 79
-79
STOCKS
NEW YORK
Friday
Sept. 19
Thiirstltni
Sept. 18
79% 80%
80%
35
75 4
"5234
131
37
30*8
46
Wednesday
Sept. 17
u
16
S< pt.
76% 764
76% 76%
'.)7
Tuesda
Jlonda u
Sept. 15
Saturday
*85
1
:
StOCk Record— Concluded— Page 2
594
Sept.
1,
'
u.ieit (,,1
Banks marked
-wit
cent nisiea.i 01 dollars per share.
'
ire
State banks
J
New York
1
7
Exchange— Bond
Stock
BONDS
STOCK EXCHANGE
WBEK ESDINli SKPT 19
Price
iYiiiay
Sept 19
So i.
small. .«J1030 y-J
"s cousulcuupsiualL<n95i' O.J
A.-191S u F
S Lis registered
=
BONDS
109 l4U0 10834Aug:'02
109 J4 110Ki'l07 34 J'b '02
N. Y. STOCK.
binee
January 1
Jittjh
Am
I08 a4 109 7s
107 a4 ioo»b
I
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isreg small bonds.. fcl918 (j I
8 3s oou small bonds.. £1918 lj F
JjlSO Q-J
s is registered
9
laeeupou
-
VI
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is registered
• '
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Q.-F
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1904 H -F
1904 y-F
S 4s coupon
S os registered
S 5s coupon
li»7
I07
108Sa 107
107 4 108 "a 07 ^ Sep '02
107 J'ne'02
107^ lQSht 106%Aug'02
110 l4lll
109 36
110^
lll l4 112 111>4 lllK.
10
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1
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16 108*4 112 hi
is L08 34 113
136 34 137 3aU37 Sep '02
136^4 137'-. 139 8«Apr'02
105 1O0
l05 19Mny'02
105 106
104 Aug'02
L32
I39»a
l;;o>, L39 34
10514 106*a
104 IOOHj
:|
State Securities
Class B
class
A
•104
1900
1900
4 tu 5
5ii
Kit's 104\
luo', Oct '00
m
1-3
107
-
1'JO
ii'0 4
:
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1894-1995 J-J
Missouri tunding
North Carolina cuusul 4s. 1910 J-J
I'.'..:; J-J
So Carolina 4 "as 20-40
Tenu new settlement 3s. .1913 J-J
J-J
Small
Virginia iiimiiiebi 2 3s. ..1901 J -J
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ieferred Bro» u Bros cUs.
S*
i'o'i'-j
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19]
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6 104 38 107
102
111
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Aug'02
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10*^ Sale
104
05
01
Aug'OS
Si
95*4
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96«*g
99 34
10
"b
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Alabama Coin bee su By
laba Mull bee Sav Flu & \\
Albany A Susij AreDtlJe Hint
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AUeg a; West sec. Hull 1: & t
.Nov
/ll995 Nov
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Registered
Stall l>ed
i
Chic A si Louis 1st 6a.-191u
Atl Kni>\ A Nor -1st g 5s. .1940
Atlanta a- Dauv bee South By
Atlanta a.- Vattk See South Kj
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Austin it X
ljat creek A s bee Mush Ceni
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A1925
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G old 4s
Registered
h 194.*
Conv deb4s
1011
100 'a
Q-J
A-O
A-O
M-S
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104
I04
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sale
4
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07
99
23
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,
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11
95
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105*4
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93*a
91*4
04^Apr'O'_'
94
97
04 34
95 34
PJun A M
J-J
Keglstered
pl925 Q-F
PLii VaSysref 4sl941 M-N
W
Beech Creek bee
N
V C
& H
1
105
Sale
y-
MS Ui\
Div lBtg3*28l925 U-N
Sotithw Div lsl g3 His... 1925
'(.1925
Ueglsleied
Munuii Riv 1st gu g as. .1919
Ceu Ohio It 1st cg4HiS..193ti
94!4
95
04*4
97 Apr '02
96»a
134 102
104^3 105
o L02
104
104
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113
115
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90?6
901a
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Q-J
F-A
M-S
90
sal.
«
91
07 Si
00 4 Sale
110
107
1
26
07*.
97
105
104
118
931
114'4 J'ne'02
97*2 1»1
00
91ft
90*4 90*,
114*4 114 '4
108
]HS
97 Hi
98
OII
OO^
oou J'ly'02
:,
i
Sep
5 LI
'02
108
A Cui bee UhnuisCeut
Bklyn A Muutauk bee Lung
Bums A West bee S«V A W
1
1
BAB
RochA
But.-. 1st
102'J
117
117
103
130
Apf'07
May'02
127
Aug'02
100
Xov'99
104 hi 103
J'ne'02
1163<
104
122ia.
.
JU
127
reluudiug g 4s
U1051 J-J
Bur Cedar K <Sc Xu 1st 5s. 1900 J -LI
Cuu 1st A; cul trust g 5S..1934 A-U
1034 A-O
CRIJ?<fcJS
1st gu 5s. 10 Jl A-O
<t 81 1, 1st RU g 7s
1027 J-D
10i).- J-J
C'auadii sioulli 1st 5s
'2d 5s
1913 M-S
Registered
1913 M-S
Carb <fc Shawn bee JU tleut
M
130*2
l25-i4 129*2
128
bee Krie
cfc
Keglstered
119*1
2 11c
.
Susqu 1st g 5s.. 101:; A-O
Keglstered
1913 A-O
1st
W
100
117 l4
106
102
103
I03»a 106*4
I04 12 3ep '02
124 a aJ'ly'02
124=6 Feb 02
118 Jan '02
104 58
Sale
ioe
118
12434
118
ib"4"8
107
107
111
1
io.
107*3 107 ^
107 Aug'Ol
'_»
1
--„
J-L
N
i
Jet
Qeneral gold 5s
Keglstered
198
hi'Ja
32
8
Oct
Oct
40^
J-D
90 "2
At
J 1st consul 7s..ioo:
95V
*93
M-M 108i 8 109
F-A •123
F-A
Al-N 109 hi 110
-UN
J-J
Atl Div 5s... 1047 J-J
Mubile DiTlHgSs
1946 J-J
Ceiitut
M-N
J-J
Q-J
20
Sale
sale
Sale
112
109
Hi
108Vj....
109^....
10134
....
03
J'ne'02
Hi
109
122
J'ly'02
5s.
1
Chic
Ac
Alt
KKs fund
Brfundingg 3s
122
110
llOU 00
105 Hi Sep '01
82
83 hi 116
401-. 137
40
20 1« 53
28
02 Aug'02
108i4Sep'02
102 J'ue'99
112 Hj Apr'O'.
101*4 May'02
108*4 108
1
is
>iv
1941 WIN
F-A
F-A
J-J
J-D
J-J
A-O
102*4 Sale
87
84
88
110
114
Jan '99
May'02
103
102
88
103
102*8
38
Apr '02
98
95
J'ne'00
103
Nov'01
J-J
J-J
J-J
i
20
Iii3
1
Hi
00
Hi
.
1
;
i
1
87
98
98
102is
84*2
Apr '02
103
105SJ
1
00
1
04
si
t
I04 i Apr '01
UK"-. Aiii !''.
83»4
s.;-.„
102 34
;i
Hi
88
I
00 Hi
*io8
*
1
•
I
1
'4
Oil 4
L4»a Aug'02
107i« 110
112
lll a
139H<
1
I
ly
02
23°a Sep '02
,', .Mai 02
--
'02
.-
.'
131
117*4
112*8....
131 1,
131*4
117 Sep o-_
115
May'02
19 1
100
12*4 Aug'02
b!'"!
1
1
-j
Sep
Sale
113
K15
K'l
1..
ll3
FeU'Of
Jan
Ids
i
-'2
L22Hi 126*2
-I124 3 1-1-4
.,
Il23*2 125
10 126
113
H3
.
;-'H»
117
:!
s
115
182*2 100
115
112
I
10
(i
'4
H7
''J.
io4 34 104*8
20 Hi..
120 Hi Mai'O'.
124*8 Apr'O'j
U8*8l24'»
14 34 ..
A
..
1
i
4
118
..
1
U2-'4
132"4
L21*8
..
113
..
107'-
,
'.i
18*4
Sep
..
1
124""
L07 38 110*a
12'o^s
i
1
S2
Hi
Jan
'02
107=8109
115
LI 5
is2'.J
I
o
I
1
122
135
iu2
101*4
I
115
15
17"s
17
35
;;5
1
'4
Sep
102
101-
1
,
106-
;1
10's 12 j 'a
115
117
L20Hi 123*4
135
ill
101*4 DM 4
IOII4 1(14
'.,
:!
t»2
J'ne'll.
107
o,
111
I
Hi
118
115
'Ol,
109 Aug'02
I07 38 Mav'Ol
108 Sep '02
US oci '01
1 1 5 *s J'ne'02
114 Oct '01
123Hi J'ne'02
123 May'Ol
'8.
107
!06*sloo*a
103 Xuv'Os
115*2 J'lv'OU
116
I-
'a
1
107*2 Aug'02
Mar'00
L07
106's J'ne'02
1
-12
lis--',,
Mai 112
Aug'02
Mar'02
120 \ Aug'02
:1
1
1,0
10»1 6 1"0'8
111
1 1 7 Hj
113 4 115
:;
13 k
108
I
;
..
1
'2
J i_, I
s
1 1
llli'8 l'-'l"4
112*4 1 lo 34
(r.
I1S i May'02
LU8'8 J'iy'02
116
115
120
120*2 120*2
ng'02
13 S
L37*2 J'ly 00
(12
111.
A
ijn-V
U V Aug'02
115m
I
I
114
111
138*2 139*8
4
l
•, J
i_;,
U7
1
J10'-
1-5
113
ii
I
;i
30
Hi
lf'i 110*4
10SA
lil
Hi
104 's 106
I07J4 HIS*
108
116*2 lid's
i2,;--8
J
1
Hi
103
1 03
00 J4 loo
I
i"i2
loo
25 99
Mai'uL
I
108*2llo
107
109 Hi
L14"
1*17*8
I
Milw A Madison
105*2
1 st Os. . 1 905
Illinois 1st 5s
1910
St Paul 1st os looo
113
1 09
10634
100
A
Winona A St Pet 2d 7s. .1907
Mil LSAWest 1st g6s 1921
Ott C F
134
123 125
36 5a
1355s
103
U4'.ill6 34
127^
s
1
192
1907
I
Convertible deb 5a
Incomes
1911
Chic Rock lsl A Bac 6s... 10 17
Registered
1917
General gold 4s
1988
Registered
1 9ss
Coll trust Series C 4s ...10O5
hi
121*2 i'ii"
Jan '01
Mar'02
109*2 1"9
*a
110*4 Aug'O]
HOHi
fund g 5s 1929
Ashland Div 1st g 6s. .1925
110 Hi J'n< '02
133*8 J'lv'02
iioi-'iVoHi
I33°b137 34
12S Hi
125
25 Aug'02
142*2 Web '02
1
142*4 142*2
139*2 139 34
Jan '02
L07»a Feb'Ol
i:;o\
8 110*8 110*8
128 132
12/ s 131
127*8
28 *e Aug'02
108^4 109^4 100
109*2 96 105*4 113*8
109 112
1 1 1 *2 Apr '02
fe
L14*4
1
114*4
28 34 Aug'02
;i
I
'''M'l
H4s
M4s
'.'.'.'.'.'.
*98»8
"OS '4
100 3? J'ly'02
06 Hi
13»*a
138*2 J'ly '02
140 J'ne'02
120
120
89*2
89*2
137 *4 142
138*5.141%
140 140
127 5B 130=8
90 34
86
138
,
130
89*2 Sale
91*4
109*4 1 10 *a
138
......
98
00*8
00*2
993s
99*8
91*4
hi Apr '02
I I
137*2
13034
99*a
99*8
99*4
Dec '00
97
108*2 111
129
100*4 lOOSj
J'ne'02
00 '-j J'ly'02
993a J'ue'02
99*8 May'02
91*4 J'ly '02
'98*8
97*2
91*4
'.
Pnire.
Street Railway
Met St Bjsr—fponjRef g 4s2002
Col&9thAvlstgu g os. 1993
Lex AV& P F 1st gU gos 1003
Third Ave Bit con gu 4s 2000
Third Ave Ry Lsl goa 1037
MetWSEl(Cluc) st. »4s 1938
Mil El Ry & L 30-vr g 5s. 102(5
Minn St By 1st con g 5s. .1910
st Paul City Cab con g 5s. 1937
(iuarauteed gohi us
1937
Union El (Chic) 1st g 5s. .1045
Chic St 40-yr 1st cur 5s. 10240-year consol gold 5s... 1030
W
4
.lu
i
si-n
'_•
(
J
:,
il0*4
Hi
98
Apr '00
107 34 Aug'02
Aug'O
109
I
on Next
ins
104
ioi-- H .i'l.v'o--
L08
i
BONDS— Continued
47 106
r
1
:
Hi
123 Hi
I
85
82
l(/u
1037
Registered
clue & IndC Ky l8l 5s. 1936
Chioagedb Lrie KM Erie
line lu A; LouiSV let 6s... 1047
1047
Refunding iiuhl 5s
Louisv X A & Ch 1st 6s. 1916
Clue Mil <t Si Paul cuu 7s 1905
L014
Terminal gold 5s
General g 4s series A..cl080
los:
Registered
Genera g 3 His series' B.i 1989
elU89
Registered
Chic A L Su Div g5s.-..192J
luc a Mo Brr Div 5s... 1920
1910
Chic A Pao Di\ t5s
1921
Clue A B
1st
5s
Dak A Gt so g 5s
L916
102 1
Far A Sou assu g 6s
1910
llast& D Div 1st 7s
lsl5s
1910
A D Exten 1st 7s
1908
1919
LaCrosse A D 1st 5s
.Mineral Point Div 5s
1910
1910
SO Minn Div 1st Os
southwest Div lsl 6s
1909
1 02
Wis A M iun Di v g 5s
iOln
Mil A No 1st
L 6s
1st consol 6s
1913
Chic A North W funs 7»
1015
Gold 7s
1902
1002
Registered
Extension 4a
1886-1926
Regis) 'ted
886- 1926
los
General gold 3 His
Registered
pl987
sinking tuud 6s... 1 879-1920
1020
Registered
1 87
Sinking luud 5s. .. 1870-1 920
Registered
1879-1020
Debenture 5s
(909
Registered
louo
1021
Debenture 5s
Uegistered
1921
Sinking luud deb 5s
1933
Registered
1933
DesMoAMinn 1st 7s. .1907
g6s
110
103
103%
1
in
102
1st
85
82
S3
Hi
115
112
ut
io2%J ;iyvo2
....
Mil's
f
ExtA Imp
...
ue'02
j
101*4
1
114
1021
Southwestern Div 4s
Joint bonds bee Groat North
L913
Debenture da
Han Aj St Jos consul 6s.. 1011
Cllio& E III lsts ciir6s.i0O7
1034
1st consol g Os
1037
General consol 1st 5s
M
Apr'O
99
1
105
93
05
:,
4s. L0.27
Registered
May'02
104 '4
'.,
L03'4 103
.
1011*4
1
103
in;
s4'-2 85
SI '4....
'.
112*2 114
luo 106*2
102
u'.'.'.'.'..
i-io'i-l
lo3
19.25
'.
110*4
102
114
1949
1910
1015
^j 43
1910
Des M A* Ft'b* 1st 4a"
106*2113*2
1 905
lst2Hss
1005
Extension 4s..
89*2
1905
76
.
KeokA DesM 1 st 5s.... 023
32*2 44*2
Chic A StL bee AtcliT A SaFe
18*2 31
01 34 93% Chic St L & N O bee 111 Cent
l
L08*4l08 4 Chic St L & Pitts bee Penii Co
Chic St P M A- O con C.S...1930
106" il2*2
Ch StP& Minn lsl n Os 1918
Not Wisconsin 1st 6s.. .1930
101*4 103*8
St V & S City lstg 6s. ..1010
132 141
Chicago
Ter Trans g 4s
139*4
131
1947
107
tin,
oo'sJ'iy'02
. . .
108
15
1
in.,
iuO 'hi Sale
ID6
luiilw.au 1st lien 3*aS...1950
1951
Uegistered
Chic Bui A y.coiisol 7s...ioo:
10th"
'hie & Iowa Div 5s
106*210934
119H" 122
Sep '02
136 34 J'ly'02
,
95
93
iss^iso^ 136
Street Uuilway
Brooklyn Rap IT g 5s
1945 A-O
Atl Av Bklyn imp g 5s. .1934 J-J
BkCity 1st con 5s. 1916, 1941 J-J
Bklyn Uu El 1st g 4-58.1950
Kings (Jo El 1st g 4s
1040
Nassau Elec gu g 4s
1051
City a.- 8 Ky Ball 1st g 5s.l922
Conn Kydfc Llst& reXg4<as'51
lien Cou
r Co 1st g 5s. ..103;;
DeuTiauiCo eon gbs..l01u
Met By Co 1st gu g0s..l011
Let ct st Kylstcong5s.l905
114 34 112
'i
nih
1
:
ill
114
120
110-U
121 J'ne'01
106*4
106-\
102
19,89
5s.. 1041
Is '40
Os.. 1903
Syr Val 1st g
Mich Div
i>ll!SC'Elil-ANEOl)S
Bk ytuis cou gu g
Hi
1
Mai'02
102
"
tireeubrier Ky lstgug
Hi
VU&H
Mid Ca
2dCousolg4s
Warm
North
124*4
CarolinaCeui .StaSeab Ji Koan
Caitliage & Ad ^'ee S
Ced B la k 6c X bee B C It & S
Ceu Braucli U P 1st g 4s... 1948
Ceu Branch Ky bee Mo 1'ac
Central Ohio bee Balli <fc ulnu
Ceu lilt it B Ol Ca col g 5s 1937
Ceiitul (ja Kit 1st g 5a..pl945
Kefflatered
//loir.
Cuusul itold 5s
1045
Kegistereil
1045
lstprel mcoiueg us
^1045
2d yret income g 6s
)jl045
3d piel incouie g 5s
pi 945
Chat! Imv purmun |? 48.1951
Mac A- Nor Div 1st g 5s. 1040
KegiSt ered
General gold 4HiS
Keglstered
Craig Valley lstg 5s. ...1040
K & A Div lstcou g 48.. 19.89
'•
% Os...lO'.:l F -A
Consul 1st g 0>
As Suutlnvesl
Butlalu
Butlalo
loo
r
Buitalo 2s V A Erio bee Erie
Burtalo
«eu g 5s... 1037 .U-S
All A West 1st g 4s gu.. 100* A-O
CI <fc Mall 1st gu g5s
1043 J-J
in.
..
1
Bellev
!•
1939
1030
1992
1902
1st consul g 5s
W
Dec '01
W
A-U
1
104*8
ltailron.il
Alu Uuckdc liu >pcCculut.\ J
AlOO.,
Ann Arbor 1st g 4.Atcli T iDtt gen g 4s... 1005
Registered
1995
Adjustment g 4s
/(.1995
ft
Nebraska Extension
Jau v02
96^ Sep 'OS
....
125
114
114
119
i
1040
Div 3Hja
1949
Keglstered
Iowa Div sink fund 5s.. 1910
1010
Sin Icing fund 4s
107
106
Max'00
o:.-8
06
05
1
bee So
lent Fai'itlc
1936
;harles A; Sav 1st g
Ches &, Ohio K 6s sei A.. 1908
"'Ol
GoldOs
i
Illinois
1-Jii
"06 "'a
113*4
1
i
Denver
u
,
'.'Hi
Bacilli] !u
;
l.OiH.J'ly'01
«'J6
1
'/191o
4*aS
jiiuir
binee
in a mi
n,l, An Low
Ash Loir
\\w< Aug'02
i-j-'s
Coal 5s. .1012
li
S o
Sale
Long Br gen g4s
102*2
'01
oci
Sept 19
(
lU2'uMar'02
Mar'02
1920
Currency tuudiug 4s
1924
Disi of Columbia 3 05s
Louisiana new consul 4S..1914
Wilks
i
107
L09 la
Range or
Lax'
Hud K gen gug5s 1020
l.e ct
Leh it
N Y&
l'i57H
Korrifrn Uovernmeni
95i-iFeb'02
OSk
94»4 95*a
I'rankfoit-un-Maiu 3 His ser 1„ M-S
These are price s on the ba sis ol lour marks to
ne do liar.
9S 4 Aug'02
00 100
»98>a
V S of Mexico s t g 5s ut 1899
J hese are pr ices v n the b asis ol $5 tu a.
Alabama
Bock
t
Range
Iri&au
II hi
i—(t'e»UHtt€ti
A; Iniugu 5s.. 1021
Con est
u
4
Sept 19
N
C< rural uf
Week's
Price
EXCHANGE
Wh.i.K KNDtN';
U S 2s consul reg
V S
I'AliE*
Range
2
High Ac Low
AskiLuw
Bitt
V S 2s consul registered. <n93" Q-J
41930 y-J
V S 2s consul cuuuuu
Week's
liange or
Last bale
Weekly and Yearly
Record, Friday,
ODCLPVIXU KOUIt
». Y.
'
1
A
2
M-S
J-J
J-J
F-A
F-A
J-J
J-J
J-J
A-O
tf-X
M-N
*9S
120
98*2
98*2
98*2
122*2 J'ne'02
12ll'
!23*i J'ly'02
0S\
98*2
98*2 -ale
125*4 125 J'ly'02
101 Aug'02
100 Oct '99
111)
J'ue'02
109
+
!
.|
110
9
'
:
;;;
98*2 99
121*4 124 *a
120 34 12 4
9S
123
101
101%
127
103
iio"iio"
lll'iXov'Ul
109
Hi
Deo '99
99* Dec"'97
Cr Bapida By 1st g5s...«ioii; J-D
Louis By Co 1st con g 5s. .1930 J-J
10*9""
Han and Electric Light
Mar'98
Market St C Ky 1st g 6s.. 1913 J-J
Atlanta G L Co 1st g 5s... 104', J-D
Met st Ky gen col tr g 5s. 1997 F-A 119*8 Sale 119*8 H9*8
Bos U Gas tr ctfs s t g 5s. 1930 J-J
119 122
91% Oct '98
Bway<fc7thAvl8tcg5sl943 J-D 11 8*38
3 117 120*a
11838 Sep'02
117*^119*8 Bklyn U Gas 1st con g 5s. 104
1-N 1 18
Sale 118
118
"No price Friday; latest price this week, a Due Jan d Due Apr e Due May jbuej'ue h Due J'ly /; Due Aug p Dae Nut gDuo Deo ^Option sale
I
7
.
Bond KeCOrd
596
BONDS
Price
Week's
Friday
Sept 19
Range or
Bid
Chic & West Ind gen g 6s <7l 932
Chic & West Mich Ey 5s. .1921
Choc Ok cfe G gen g 5s .01919
Cin H & D consol s f 7s.. .1905
1937
2d gold 4*28
Cm D cfe I 1st gu g 5s. ..1941
CIStL&C See C C C cfe St L
Cin S & C See C C C St L
. .
Clearfield
M
WW
1st gold 4s
Jiitlll
Q-M
J-D
neu.
1074.
109
J-J
109
1144 May'02
Ar-
118*4 Aug'02
.
1114Dec'0]
J-J
'00
11434 J'ly '02
M-N 115*4.
J-D
J-J
J-J
M-N
M-N
M-S
M-N
Cin S
J-J
CCC
J-D
J-D
WW
Income 4s
J-J
J-J
A-O
Q-J
A-O
1990 Apr
& Wh con
1st g 5s. 1933
See Penn
RR
cfe
Marietta
cfe
Mahon Val g
A-O
5s... 1938 J-J
Registered
102
il
1024.
1144 Sale 1144
1144
13341364 138 May'02
100 "i"004
Sale
76
116*4Aug'02
123»4
.
128
84
94%
94
Del Lack
See
M
MK
cfe
& Western 7s. ..1907
.M-S
135%
137
.
.
1915 J-D
1st ref gu g 3 4s
2000 J-D
Lack <fc
1st 6s. ..1921 J-J
Construction 5s
1923 FA 115
Term cfe improvers
1923 M-N 104
Syr Bing <fe N Y 1st 7s.. 1906 A-O 114%.
Warren 1st ref gu g 3 4s. 2000
Del & Hnd 1st Pa Div 7s. 1917 M-S
Registered
1917 M-S
Alh & Sns 1st con gu 78.1906 A-O 113 114
Registered
1906 A-O
Guar gold 6s
1906 A O 109 *4
Registered
1906 A-O
Kens cfe Saratoga 1st 7s. 1921 M-N 1474.
Registered
1921 M-N 1474.
Del Riv RR Bridge See Pa RR
Denvcfe R Grist con g 4s. 1936 J-J 102 102 4
Consol gold 4 4s
1936 J-J 1074...
Improvement gold 5s... 1928 J-D 110 1104
Rio Gr So gu See Rio Gr So
Den cfe S West gen s f g 5s 1929 J-D
Des Moi cfe Ft D See C R & I P
Registered
W
NX
.
.
FA
.
Des M cfe Minn See Cli&MW
Des Moi Un Ry 1st g 5s. .1917 M-N
Det M cfe Tol See L S & M So
Det<& Mack 1st lien g 48.1995
Gold 4s
1995
1951
Det Sou lstg 4s
Ohio Sou Div 1st g Is. ..1941
Dul A Iron Range 1st 5s. .1937
Registered
1937
2d 6s
1916
So
Shore
AM
Dul
<fe
g 5s.. 1937
I^astof Minn SeeStPJNI <£ M
Jast Ten Va <fc Ga See So Ry
Elgin Jol cfe East 1st g 5s. 1941
Cort & No See Leh & N V
Erie 1st extgol<!4s
1941
2d est gold 5s
1919
3d ext gold 44s
1923
1920
4th ext gold 5s
6th ext gold 4s
1928
1st consol gold 7s
1920
consol
fund
7s...
1st
g
Erie 1st con g 4s prior.. L996
Registered
L996
lstconsol gen lien g4s.. L996
Registered
1996
Penn coll tr g 4s
L951
Buff N Ycfc Erie lst7s.. 1910
gold 6s
Buff & S
1908
small
19(18
Chic & Erie 1st gob 5s. .1 982
106 %
W
138
984102
72
824
11441164
1274128
85
24
82*4
944
9]
91
8634
97
MS
1174 May'02
117% 1204
13534 13534
137
137
140 Oct '98
135
137
13534 J'ne'02
1334137
1
lstgn 5s
al909
Long Dock consol ;; 6s.. 1935
Coal a Kit 1st curgu 63.1922
Dock cfe imp 1st cur 6s. .1913
N Y & lireen L gu g 58.1946
Mid ItllofN J lstgiis.1910
N Y Sus & 1st ret 5s. 1 937
Jett
It It
•-:
W
2d gold 44s
1937
General gold 5s
Terminal 1st gold 5s... 1943
Regis $5,000 each. ..1943
Wilkcfe Ea 1st gug5s. 1942
Erie & Pitts See Penn Co
Evans <fe T H 1st cons 6s. 1921
1st general gold 5s
1942
I
141
115*8118*4
102 1054
102 J'no'<>2
114*4 May'02
143
149
113
122
109
11 4
'.1
117%
J'ne'02
143
144
Aug'01
Aug'02
113
11534
108 34 109
111% Feb '02
11138111%
147 4 J'ne'02
147 4 J'ne'02
14741514
14741474
1024
101
4 May'02
109 34 Aug'02
109
102
1014
110*4 112
113*4
11
844
Aug'02
111
Feb '01
102
J'ly '02
92 4 94*o
J-J
W
[
101
924
84 4
92 4
'02
'02
J'ly '02
M-N
114U.
114
111
102
95 4
87 34
112U.
llO'.iJ'ne'O:
k.pr'02
J-D
107
137*8.
L19*a 1194
109*4 Ji
137
137
M-S
M-S
J-J
J-J
J-J
J-J
FA
,
.
136
99
4100
100
100
9s 4 J'ly '02
804
87
"87" Sale
93
Sale
MM
1234
115
LSho
FA
I''
115 116*8
119412134
Leh
& W 1st g 5s.
Erie
cfe
103^4 106
1.36*4 137*4
117
121
11841184
Oct '98
114% 118
1154118
103
.11134 108
102
103
10741104
117
1164May'02
116
J-D
il44;
1144 Sep
11241154
A-O
1st gold 6s. .1921! A-O
SullCo Branch lstg 58.1930 A-O
Evcfe Ind 1st con gu a 6S..192G J-J
Fargo cfe So See Ch M cfe St P
lint cfe Pere M See Pere Mar
116
102
110
*02
111.
4
1214 1264
121
4 J'ly '02
110
112
Aug'02
1084112
J'ne'02
112
115
N V
May'02
114
Detroit City Gas g 5s
1923 J-J
Det Gas Co con 1st g 5s.. .1918
FA
&N
112
116
97
104
118
Milwaukee Gas L
Q-F
1 st 4s..
•No price Friday;
1927 M-N
latest bid
100
101
4 Oct
111
4 Aug'02
124
90
May'01
Kov'98
Dm
874
87*»
101
100
J'ly '02
'99
Nov'00
III4H434
127*4 Aug'02
Sep '01
124
127*4 131
104% Apr '02
104% 104%
10034 J'ly'02
106 34 1O034
Yoi" Mar'02
108
104
101
Sep '02
105% 109
4
Mar'02
100
126*4 Sep '02
100
100
98 4 »S
75
116 H9*4
97
95
1
Aug'02
78
117
i'i2»4
121 , .27
9o4Aug'02
1
7134
72% 141
63 4 0ct '00
Sale
74
71*4
]
121*4Aus;'0
120*4 1-3
A-O 1154.
llsi,
H8I4
11534 J'ly '02
116 lls*4
11241'5-'4
M-N
1104Feb'02
109
no*.
llo
109
112
118
1941 J-J
118*4.
1.1
.
1,1
109
11
1
.
110*4 111
A O
i'ii"
110
10941094
L094 J'ne'02
1183fijme'o2
'.'.'.'..
118%120>4
A-O
-
1
I
933
J
L08*4
J
10841084
97" 97"
108 4 Sep '02
-
J-J
96 34.
Y
97
J'ly '02
101
4 Sep '99
lstconsol gold 4s
General gold 4s
Ferry gold 44s
Gold 4s
1938 J-D
1922 M-S
I
NT&RB
1
ii
•
Coll trust gold 5s
Coll trust 5-20 g is. L903-1918
Cecilian Branch 7s
1007
L
a Nash
11
.
122
Mar'02
1214122
103 4 1034
103 May'02
100 Ool I'd
103 4 Sale
103
J-D
Unified gold 4s
1949
Debenture gold 5s
193
Bklj D <S Mont 1st g6s.. 1911
1911
X V BcS M B Lstcon g 5s L935
1st gos....
NorSli B si eon gguo8ol932
...
g6s.l930
Louisa >
Gold 5s
Unified gold 4s
L9 10
Registered
1940
<>
12034
h.1931
M-S 101
J-D
M-S
M-S 100
A-O
M-S
101
101
111
Sale
Jau'02
112
1084
J-D
119
M-N
10141 01
M-N
A-O
116
4
Sale
100% 100
128*4.
1030 J-J
122 4.
103
111
112
2
:i
118
4 112 4
U*a
i
J'n. '02
Lie
117
'02
100
115
100
116
lul*a
101%
100
116
Jan
L06
In C
103
Jan '98
lie
:,
M-S
LCin& Lex gold 4 4s... 10: M-N
N <)c& M 1st gold 6S....1930 J-J
99
1 1
4
LOO
OH
1144116
68....1919 J-D
lsi g
104
111
Mar'02
Jan '02
Apr'02
Aug'02
119
J-J
J-J
104*4
103
L094 J'ne'01
108
Q-J
1013.,
•.04
124%
and Electric Light
Mnt Fuel Gas Co See Peop Gas
J-D
Newark Const .as eon g5i
1134 113 4
N Y G E L 11 r g 68.. .1948 J-D 1134
Purchase money a 4s... 1949 FA
95*9 Sale
M-S 105 41064
Sep '02
Ed El 111] conv g 5s.
924 994
97
May'02
10
112
]ld%
104
104
J'ne'02
118
118
(is
on Next
1'astc.
consol gold 5s
L996 J-J
.a r 1st con g6sl980 r- \
N'Va ',';
Lsi
107 34 Dec '00
Con
124
125 4
974 Sale
108
2
124
1
97 4
los
95
1st gu
g
6a..
97 4
123
97
124*4
99
1074110
Eq
1st
fe
J-J
gu g5s.'36
FCh lstgug
Sin Fuel G
Trent
'
gug6s
h 1st
1
Gcfe
100*4....
M-S
N
L904
loo .ID
1948 A-O
« S
6s.
.1
D
L905 J-J
tig 5s. 101. M N
El
tgo
L949 M-S
P 1st si g5s.l950 J-J
i
1.
J'ly'05
107*4
io
J'ne'02
1
1214Salo
L20
4
1%
1044 H)8*»
121
104
104
4
16
no
-
10
102 >4 ioa
1
a
95*4
95
95% Utica
and asked this week. oDueJan Mine Feb dDueApr eDueMay /iDueJ'ly k Due Aug
.1
120
107
os
KM
i
Refunding gold 5s
Cin.
I
....
1
Pan rson A
PeoGascfe C
2d guar gold 6a
1st con gold Os
A-O
190 7 A-O
lstoon g48 1930 J-J
Ed Kl II Hkn
LacGasLofStLlst
983*101*4
May'99
87*8 May'02
123
122
614'
cfe
:
98 34 Sep '02
103'- 106
1304 Feb'02
124% Apr'02
cfe
0:
104% 104%
N
1
. . 1
1054 1054
104% May'02
97
116
'01
cfe
964 98
Ed K 111 SeeN YGcfe E L II & P
Eq G LN Y 1st con g 5s. .1932 M-S 116
Eq G cfe Fuel See P G C Co
KlecBergCoc g 58.1949 J-D 85
Gas
Gr Rap G L Co 1st g 5s. ..1915 FA
K C Mo Gas Co 1st g 5s.. .1922 A-O
6s.
Oct
102
116
1044105%
(Jns
Columbus Gas 1st g 5s
1932 J-J
Conn Ity&L See Street Ry
Co
See
P
G
cfe
C
Co
Con Gas
Kings Co El L cfe P g
Purchase money 6a
104%106 34
1937 J-J
NYC,
gu c 5s.
cfe
l/iirlit
SeeKCoK
104% Aug'02
M-S
M-S
A-O 105
A-O
M-N 105 4 Sale
M-N
J-D
L997 M-N
gu g4*3S.1940 J-J
1940 J-J
NO M 2d gold
ChGL&OCo SeePG&CCo
Eii El Illl'.kii
See
1st
Registered
V Coal Co
Registered
.
coll g 5a
lsi
Ter Ry
MISCELLANEOUS BONDS—Continued
Electric
115
C
10
Mich S
Kl Ocfc
123*4 12534
May'02
Apr'02
Aug'02
117
122
115*8Apr'02
113*aMar'00
1044 Mar'02
102 4 Apr '98
Registered
M-N
M-N
J-J
J-J
J-J
J-J
J-J
1st guar g 4s. . 1945 M-S
L9 15 M-S
A-O
lstglstpf 6s.
Gold guar 5 8
A-O
984 984
Leh & II ml It See Cent of N J
86*4 90
Leh A
SeeCenl oi x J
17
Leroy cfe Canty Val See Mo P
93
96
133 133
Long Dock See Erie
Long Island 1st con g5s./il931 Q-J
Aug'02
109
V
Leh
142
L39
98*4 102
114%Aug'0
A
105 34 108
cfe
Registered
Leh
137
137*4 J'ne'02
118V
39 107*4 112
looo A-O
Registered 5s
L09*4
1184Apr'02
M-N
A-O
J-J
Jau'02
121
116
109%
Aug*02
(
8% 122
11
123 4 Aug'02
106 A
A-O L06 108
A-O 1374
M-N 1164
J-J
93
13
133
J-D
J-J
J-J
97*4
MS
2d gold 5s
North Ohio Is:
1154118
May'02
8
1 1
.
95
SeeStLcfesI
ristered
Leh Val
115
117
96*4 421
106
Kentucky Ynt St < J, cfe N
95 4 Keok A Des Mo See C R I cfe P
Knoxville & Ohio See So Ry
112% 116
J'ne'02
M-N
M-S
M-S
A-O
112
1094112
109
110
KCcfcMR&Bl8tgUg58.1929 A-O 107
Kan C Pacific See M K T
Kan City Sou 1st gold 3s.. 1950 A-O 7134
112% 115
115
115
a
1
See Erie
See L S cfe
See Tol cfe O
l -tit
cfe
Iake
J
Sale
109
;
Lehigh Val (Pa)
Mt Vernon
Gas and
1
A GR
Kal
an & Mich
91
J-J
116
Hltj*4
A-O
J-J
J-J
L&
KCFtS&M
Sep
Sep
86
93
114
102
112
109
J-J
J-J
Spring Div 1st g 34s. ..1951 J-J
Western Lines 1st g 4s.. 1951 FA
Registered
1951 FA
Bellev & car 1st 6s
1923 J-D 123
Carbcfe Shaw 1st g 4s. ..1932 M-S
Chic St
N O g 5s. ..1951 J-D 127*4
Registered
1961 J-D
Gold34s
1951 J-D
Registered
1951 J-D
Memph Div 1st g4s... 1951 J-D 1044.
Registered
951 J-D
St L S.>ii 1st gu e 4s. ...1931 M-S
K v.. stL
IndBl A v.
Ind Dec cfe
1st g 5s
J-J 1074-...
1st guar gold 5s
1935 J-J 1074....
Ind III A- la 1st g -Is
1950 J-J 101 4....
Nor lsi lmJs.,1919 M-N 125 12634
lit
004 L00*<
2d gold 5s
19 19 M-S
75
80
3d gold -is
L92J M-S
Iowa Central 1st gold 5s.. L938 J-D 117 Sale
96
Refunding g4s
1951 M-S
Jefferson
89
1164
-
112
112
95 34
106
1
J'ne'99
J'ne'02
934 Aug'02
A-O 1154....
A-O
112
112
.
115%Aug'l'2
Elm
W
138
LN
1064:
in
1054Sep'02
N
cfe
J-D 100
93
95
J-D
854 87
J-D
89
Sale
ousatonic See N Y
H cfe H
Hock Val 1st consol g 4 4s. 1999
Registered
1999
Col cfe H V 1st ext g 4s. .1948
Houst E cfe
Tex See So Pac
Houat & Tex Cen See So Pac Co
Illinois Central 1st g4s..l951
Registered
1951
1st gold 34s
1951
Registered
1951
1st gold 3s sterling
1951
Registered
1951
Coll Trust gold 4s
1952
Registered
1952
cfe Tex gold 4s.. ..1953
Registered
1953
Cairo Bridge gold 4s
1950
Louisville Div gold 34s. 1953
Registered
1953
Midland Div reg 5s
1921
St Louis Div gold 3s
1951
Reeistered
1951
Gold 34s
1951
Registered
L951
Mar'98
115
Aug'02
105
101410334 Gouv cfe Oswegat See N Y Cent
102410434 Grand Rap cfe Ind See Penn RR
Gray's Pt Term See St L S
Gt Nor— C B <fe Q coll tr 4s 1921 J-J
96
Greenbrier Ry See Ches cfe O
Gulf & S 1 1st ref & t g 5s 61952 J-J *105
102 34 106
Han <fe St Jo See C B cfe Q
T
Morriscfe Essex lst7s... 1914 M-N
lstconsol guar 7s
1915 J-D
1144
Sale
W
Dak
alias & Waco
1064 Feb '02
1144115
874 89
Sep 00
100
112%
138
J'ne'02
83%
Sale
Sale
1064
J-D
J-J
1
High No Low j.uih
IO334
112
1938 Q-J
Clev & Pitts See Penn Co
Col Midland 1st s 4s
194 J-J
Colorado* Sou 1st g 4s... 1929 FA
Colum & Greenv Set So Ry
Col & Hock Val See Hock Val
Col Conn & Term See N cfe
Conn cfe Pas Rivs 1st g 4s. 1943 A-O
See C
cfe Gt So
& St P
Ash Low
1054
J-J
J-J
J-J
J-J
1044Nov'01
100
78
117
Sine
Januai
A-O
J-J
113%1154
13441344
134*8 Jan '02
128
Range or
I^ast Sale
W
102 34 Aug'02
Range
Week's
Friday
J-J
1
LXXV.
Sept 19
Bid
FlaCencfe Pen 1st g 5s. ..1918
1 st land gr ext gold 5s. .1930
105 1144
Consol gold 5s.
1943
Fort St U D Co 1st g 44s. 19-11
Ft
cfe DenC 1st g 6s.. ..1921
113341154 Ft
cfe Rio Gr 1st g 3-48.1928
See So Pac Co
{ i al Har & S A
'TaiHcfc Hofl8821st5s.l913
Ga cfe Ala Ry 1st con 5s. .01945
Ga Car cfe No 1st gu g 5s.. 1929
102 104% Georgia Pacific See So Ry
102 102
Gila V G cfe Nor See So Pac Co
109
W
W
102 Apr'02
102 4 Aug'02
1033,
103
99 May'99
100 J'ne'01
83 Nov'99
101
102*4
103 Sale
J-J
&1936 Q-F
cfe CI con 1st g 5s. .1928
cfe I consol7s.
1914
Consol sink fund 7s
1914
General consol gold 6s. 1934
Registered
1934
Ind Bl &
1st pref 4s. 1940
1st pf 5s...dl938
O Ind cfe
Peo & East 1st con 4s. ..1940
1024 102
1
Low Utah
109
Oct
113
Price
STOCK EXCHANGE
Week ending sept 19
11734 119
Apr '02
A-O 1094.
.„..fcl936 Q-J?
Registered
Clev
Clev
Ask LOW
[Vol.
N. Y.
Since
January
Last Sale
2
BOND!?
Range
Is
& Mah SeeBB&P
Cleveland Cm Chic & St Louis
General g 4s
1993
Cairo Div 1st gold 4s
1939
Cin Wcfe
Div 1st g 4s. 1991
St L Div 1st col tr g 4s. .1990
Registered
1...1990
Spr & Col Div 1st g 4s.. 1940
Val Div 1st g4s... 1940
CIStL&C consol 6s.. 1920
CI Dor
—Continued— Page
00
STOCK EXCHANGE
Week Ending Sept 19
N. Y.
3
'
LOS
1
10
10
105
o
Due Oct
.11*4
.'7
110
106
HWJ
\].i
.
'eb'hi
fl
Due Dec (Option Mia
k
-
September
Bond Record— Continued— Page
20, 1902.]
BONUS*
Price
BONDS
Range
H'eeA-'s
597
3
2
Friday
Range or
Since
N. Y. STOCK EXCHANGE
STOCK EXCHANGE
Last Sale
Sept 19
January 1
Week Ending Sept 19
Wkek Ending sept 19
So
High
Bid
Ask Low
Low High X Y Cent<fe H R—(Continued)
Lomsv A ^asIw—(Continued)
115 116%
116% Mar'02
N J June R gu 1st 4s. ..1980
Peusacola Div gold t>s. .1920 M-S
N. Y
.
1921
}Ȥ?
St L Div 1st gold 6s
2d gold 3s
MS
MS
70
Heuder Boge 1 st s f g 68.193 M-S
Kentucky Cent sold 4s.. 987 J-J
75
113
100
MS no *
FA 113
114 115
K"-A
FA 113
68..193b
S A N Ala con gu g
191U A-0
Siuk fund gold 6a
L & Jeff B>lge Co gu g 4s. 1945 MS 98
117
115
Registered
W
XY
Colltrg4ks
1st Ser....l90/
99 101k
llO^llOk
10
J'ly '02
114kll478
112
117
Dec'01
io6'"Mar'b"i
J-J
104k 104k
105kMay'01
104
iiikiiT
33
104k 107 k
lllkll4%
Ill's Sep '02
J-D
82
J-J
83
31
83
SI k Sale
21 1* Sale
J'ly
J'ly
21k
83
32
81k 85
30% 36k
21i*
20 k 25 k
A-O
A-O
FA
97k
90% J'ly '01
97ia
105
Mich Cent See N Y Cent
Mid of N J See Erie
10
96
98%
Minn
A
St
M A St P
Iowa Ex
1st sold 7s.. 1927
1909
1st gold 7s
6s. ..1921
1st g 7s. 1910
\
-
(1
South West Ex
1934
1st consol gold 5s
1st and retund gold 4s.. 1940
St L go See B C R
Minn
145
119
L
Pacific E
AX
A
M-N
MS 104
99% Sale
F-A
M-N
A-0
M-N
841* Sale
106 Hi Sale
M AM
Wa
KanCAPac
MEATA So
103
98
104 k
MS
123
104
...,
J-D
g
See St f
1st g 4s.. .1990
2d gold 4s
g 1990
1044
lstext gold 5s
St L Div 1st ret g 4s. ...2001
1st go g 5s... 1940
Dal <fc
1st g 4a.. .1990
oi T 1st go g 58.1942
129kAug'02
121 Jan '02
I21ia
122^....
Mo Kan& Tex
s
118
....
97
Minn Un
88k
99k
84
106 hi
87 k
91
l
114
2d extended gold 58. ..1938 J-J
L Ir MA- Sgen con g 5sl931 A-O
Gen con stamp gtdgSs 1931 A-0
Unified <fc ret gold 4s. .1929 J-J
st g 5s. 1926 M-S
Verdi V 1
Mob A Birm prior lien g 5s 1945 J-J
1945 J-J
Mortgage gold 4a
Mob Jack A K C 1st g 58.1946 J-D
Mob A- Ohio new gold 6s.. 1927 J-D
1st extension gold 6s..A1927 Q-J
M-S
1 93
General gold Is
F-A
Montgoni Div 1st g 5s.. 9
St L & Cairo coll g 4s.. el 030 Q-F
Guaranteed g 4s
1931 J-J
A O coll Is See Southern
Moha w k A M al See N Y C A H
Monougahela Riv See H & O
Mont Cent SeeStPMAM
Morgan's La & T See S P Co
Morris A Essex See Del
Chat A st E 1st 7s. 1913 J-J
Nash consol
gold 5s
1st
1928 A-O
Jasper Branch 1st ft 6s. .1923 J-J
McM M A Al 1st 6s.. 1917 J-J
Branch 1st Us
1917 J-J
W
1
103
129k 131
127
97
115
I
Nov'01
Apr'01
100
B4«4
Aug'02
Sep '02
106k
107
106k
106 k
92
May'01
Aug'02
92
100
105
116
94
13
Apr '02
102
J'ly '02
130k
127
99
115k 115k
130k
'02
Sep
Aug'02
115k
101k J'ne'02
126
116
119
111
113k
110k 114k
122 126
40 106k 109k
40 106
S
109
91k 95%
33
92 k 95
93
97
129
127
98
lo 114
93k
116
113
116
,
127
Sep 'OS
.
Dec '99
,
.
NY
4s. ..1981 J-D
Clear! Bit Coal 1st s 1 4s. 1940 J-J
Gouv <fc ( )swe 1st <ni g os 1942 J-D
Mai 1st gug 4s.. 1991 M-S
Moh A
106
J'ne'98
115
N
.
95
106
Apr '02
93
95
107k J'ly '00
L 10k Dec'01
M
127k 127k
.
.
AmTelcp&Telcolltr4sl929 J-J
97 k Aug'02
1st g 4s. .2397 Q-J
100kApr'02
100k Oct '00
Registered
Erie T A T col tr g
109
115k.
N
Coal and Iron
Coal
See T C I A R
Clearf Bit Coal See
YCA
Col C A I Lev Co git g 58.1909 J-J
Col Fuel Co gen gold 6s. ..1919 M-N
M-N
.
132k]
132k
128
130
127
121k 121k
122kl27k
113k 114k
108
105k 108
108
100 Dec'01
229 k Sep '02
220 J'ly '02
135 k Jan '02
M-N
J-J
J-J
114
105
102
Jan
204k229k
220
135kl35k
207
(to
106k 106%
106k Mar'02
102% Sale 102% 10334
101kNov'98
M-N
M-N
133k
F-A 129k
131
A-O
A-O 103 k Sale
X
A-O "94"
Sale
J-D
CC&Tlstgu g5s
1922 J-J 107%
Scio V & X E 1st gu g 4s 1989 M-N 102 103
W
Registered
1097
General lien gold 3s
a2()47
Registered
a2047
C B & Q coll tr 4s See Gt Nor
St Paul-Dnl Div g 4s
1990
1000
Registered
St P & N P gen g 6s. ...1923
Registered certific's..l923
St Paul & Dul 1st 58
1931
2d 5s
191
1st consol gold 4s
1968
Q-J
27 102
116 k Mar'02
133 Aug'02
132k Aug'02
134 34 J'ly'Of
103k 103 3 103
100k Jan '02
j
105k
*
Q-F
116kll6k
133 135k
132 136
I34 34 135k
101% 104k
100k look
95.
94
94k 70 92
107kJ'ly'01 "2
102
102
101 k 104k
104% Sale 104
104k
74k Sale 74k
72
Oswego & Rome See N Y C
O C F & St P See C & N
W
Coast Co 1st g 5s. ...1946
Pac
ac of Missouri
J-D 112k.
Pac
'103
A-O
g4ks..l917
Sink fund subsidy g 6s. .1910 M-N 100
Penn Co gu 1st g 4ks
1921 J-J 110 110 34
See
Panama
Oct '99
114k Apr'02
113k Oct
'01
110 110k 110k 110k
105 ....
106 Sep '02
111 J'ne'02
111k....
104 34 140 104 106k
4 103 k 105 k
104 k
50 73
75%
74
75
Apr '02
72
100
102k
i29ki29k
121
122
110k U2k,
100
100
94k 94k
65
Nov'00
110kAug*02
110kH5
* No price Friday; latest bid and asked this
week, a Due Jan aDueFeb
113
115
119k:
108
110
109k
H4k
1
102 Apr'02
lllkAug'O'J
Registered
J-J
110% J'ly '02
M-S
102
A-O
A-O
123
J'ly '02
121
Oct '00
102
Nov'00
1921
reg.1937
Guar3kscolltr ser B...1911
C St L & P 1st con g os.193-;
Registered
1932
ooll trust
Ft
2d7s
3d 7s
W A C Ist7s...l912 J-J
J-J
1912
ft.1912
A-O
RR 1st real est g4s.l923 M-N
Consol sterling g 6s
1905 J-J
Warrants conv 3ks 50% paid
Con currency 6s reg...ffl905 Q-M
Consol gold 5s
1919 M-S
lllkH3k
110%1123»
Nov'98
97 k 99
98k J'ly '02
C1& Pgengug4ksserA.'42 J-J *120k.
Series B
1942 A-O '•121k.
Sories C 3ks
1948 M-N
Series D3ks
1950 F-A
Erie A Pitts gug3ks B. 1940 J-J 101
Series C
1940 J-J
N&CBdgegengug4ksl945 J-J 110
PCCAStLgu4ksA...1940 A-O
Series B guar
1942 A-0
Series C guar
1942 M-N
Series D 4s guar
1945 M-N
Series E 3k guar g
1949 F-A
Pitts
102k 102k
101k 102
102kMay'02
Guar 3k8
122kl23
114k 116k
H5kJ'ne'02
115% J'ly '02
116kFeb'01
11434
10634 Xov'01
97
97k
128 34'132
128 34 131k
97kJ'ne'02
12834 Aug'02
128 34 Aug'02
130 Apr'01
HOkHOk
110k Mar'02
lllk-Sale
110%
111k
MOll.
F-A 103
F-A
99
103k 103
Sale
98k
Am Cot Oil
103k ii'ik
23 103 106%
99k 240 98 111%
103»4
A-O
115
J'ne'02
J-D 101
J-D
J-J 104
J-J
107
80
May'97
May'97
M-N
A-O 110
J-J
110
106kPeh'02
105
110k
110k
108
115
106
106%
108
108
113
Oct '00
110k
110k
J-D
F-A
105
Feb'00
103k
J-J
32
103k
Jan '00
111k
101kl04
&
Manufacturing
Industrial
Bicycle s fdeben 5s 1919 M-S
66 115
49
49 Sale
ext 4ks
99 101 101%J'ly'02 ....
1915 Q-F
e Due May ^DueJ'ne A Due J'ly jiDueJIov
» Option sale.
Amer
H5k
on Next Pago
LEAP
110k.
.
Coal and Iroii
97kl00k Col F A I Co gen s f g 5s. .1943
Convertible deb g 5s
lOOklOOk
1911
De Bardel C A I See T C A I
Gr Riv Coal A C 1st g 6s.. 1919
114k 114k Jeff A Clear C A 1 1st g 5s. 1926
2d gold 5s
1926
KanAHC A Cist 8fg5s.l951
Pleas Val Coal 1st gsf5s. 1928
110 113k RochAPitCAIpurm 58.1946
105k 109 34 Tenn Coal T Div 1st g6s.al917
Birm Div 1st consol 6s. .1917
110k H3k
Cah C M Co 1st gu g 6s. 1922
De Bar C A I Co gu g 6s. 1910
Wh
C Co 1st g 58.1919
H
113
Mo
1st s fund
MISCELLANEOUS BONDS—Continued
Telesrrnph and Telephone
2397 Q-J
s t 5s.. 1926 J- J
MetTA T IstsfgSs
1918 M-N
Mut Un Tel Co See Westn Un
Y A X J Tel gen g 5s. .1920 M-N
No Westn Teleg See West Un
West Union col tr cur 5s. 1938 J-J
Fd and real est g 4ks...l950 M-N
Mut Un Tel s fund 6s. ..1911 M-N
Northwestern Tel 7s
1904 J-J
il*4*"
&
See
YC H
See Long Island
See Erie
X Y Tex <fc
See So Pac Co
1941
Xor& South 1st g 5s
1931
Xorf <fe West gen g 6s
Improvem't & ext g 6s. .1934
1932
Xew River 1st g 6s
Ry 1st con g 4s. 1000
<fe
Registered
1996
PocahCA C joint 4s. .1911
Penn
104
1992 Sep
N
ilT"
127 k Feb '02
W
127
,
L
Mm
Feb '02
102 k May' 02
J-D 101
J D
129kMay'02
F-A
128k
132 J'ly '99
100
Q-F
122 Apr '02
F-A
118k
A-O
.112k 112 k Aug'02
100 Aug'02
J-D
100k 101k
94kFeb'02
Wash Cent 1st g4s
1948 Q-M
117 k Sep '02
Nor Pac Ter Co 1st g 6s. .1933 J-J 117k.
Xor Ry Cal See So Pac
Xor Wis See St P M & O
Xor & Mont See N Y Cent
&
See C C C & St L
OInd
112kJ'ne'01
hio River RR 1st g 58.1936 J-D 115
125k 129
General gold 5s
108kJ'ly'02
114 116
1937 A-0 110
Ore & Cal See So Pac Co
Ore RR & Nav See Un Pac
116 116
Ore Short Line See Un Pac
102
132
<
2d gn gold 5b
Beech Cr Ext 1 st
CartA Ad lstgu g
J-D
A-O 226
WW
<
1936 J-J
1936 J-J
g 3 ks 61951 A-0
W
W
W
NY&LongBr See Cent of N J
SeeNYNH&H
NY&NE
N YN H & Har 1st reg4s. 1903
104k 107k
114 116k Xorth Illinois See Chi & N
Xorth Ohio See L Erie &
115kl20
114 114
Xor Pac— Prior lien g 4s.. 1997 Q-J
J'ne'02
95 k Nov'01
LAN
Oah
107 k 109 k
107 k Sep '02
HOkMar'OO
114
116
112kll5k
104k 107%
104k 10734
.
YO&
W
J'ly '02
114k
TAP
111 Dec '99
114k
Nash l"lor A Shfll See
Mat of Mex prior lien 4 ks. 1 926 J-J 100k.
70 100kl04
100k 101
1st consol 4s
..1051 A-O
7ak 79 a 79k 79' 35 78 81k
New 6c D See N Y N H <fc H
N J J uuc R K See N Y Cent
New d; Cin Bdge See PennCo
N O A N E prior lien g 6s />1915 A-0
N Y P.kln A Man Bch See L I
Cent A H R 1st 7s... 1903 J-J 1013, 102 102
102
101%1047r
Registered
1903 J-J 101k.... 101% Aug'02
101%104 3s
Gold mortgage 3ks
1997 J-J 107 108k 108 k Sep '02
106k 109k
'02
Registered
1997 J-J
108 k Apr
108k 100
Debenture 5s of. ..1884-1 904 M-S 102
10334 Aug'02
102k 104
Registered
1884-1904 M-S
102 k 103k
102kApr'02
Regis t deb 5s of... 1.889-1904 M-S
109k Sep '97
Debenture g 4s.. ..1890-1905 J-D 101
101k 101k
101k Apr '02
Registered
1890-1905 J-D
1001.1 Jan '02
100k 100k
Debt certs ext g4s
1905 M-N 101
100kl'ne'02
100k 101k
Registered
190, M-N
101k 100 k Nov'01
Lake Shore coll g 3 ks... 1998 F-A "94
95
94k 45 93k 9S
93k
Registered
199s F-A
93
94 Sep '02
93
96k
Mich Cent coll g3ks
1998 F-A
93
97%
94k 95k 94k
94k
Registered
1908 F-A
96
93
93k....
93k Feb '02
Beech Creek 1st gug4s. 1936 J-J 106 .... 111k Sep '01
Registered
Conim Cable Co
121
139
130
112
113
113
L&S
N Y & Put
90k 92
104 k 108 k N Y & R B
101kl05k N Y S & W
112kAng'02
113
124
LAW
Income 5s
114k
113k
104k 104k
104%May'02
.
Ni4
106 k:
Aug'02
nok J'ly 'oo
92
M
I
....114
.
2dguar6s
Convert deb certs $1,000
small certs S100
Housatonic R con g 5s. .1937
N H & Derby con g 5s. .1018
1905
98 101k
N Y & N E 1st 7s
sUi 87k
1005
1st 6s
103 108
North See N Y C & H
85 k 88 k N
Wreflstg4s..ffl992
102 106
Regis §5.000 only
j/1992
91 Aug'OS
106 k Sep '0'.
105 k J'ly '0'.
93k 94k 94
1
103 k 106
104
117 k Sep '02
114 J'ly '02
117k
St
120k 124k
J'ly '02
106k 102 k May'02
J-D
1st go g 58.1943 F-A
SherSh
Tebo A Neosho 1st 7s. ..1903 J-D
1942 A-O 112 4....
Mo K 6c E 1st gu '-'5s
1906 M-N 113k 115
Missouri Pacific 3d 7s
....
102t M-N 123
1st consol gold 6s
Trust gold 5s stamped. ol917 M-S 106 k 107 ia
Registered
01917 M-S
106ia
1920 F-A
1st cull gold 5s
92
94
Cent Br Ky 1st iru g 4s. 1010 FA
l(i3
Lerovd.- C V A List g 5s 1026 J-J
Pac R ot Mo 1st ex g 48.1938 F-A 105 105ia
<.V_-
High NO Low High,
Dec'01
J-J
146%Apr'01
J-J
1934 J-J
McKees&BVlstg6sl91S J-J 123k
11 8% Dec'01
Mich Cent 1st consol 68.1909 M-S
1293] 128 j'ne'02
1931 M-S
5s
127 J'ne'02
1931 Q-M
Registered
110 Dec'01
1940 J-J
4a
106kNov'00
1940 J-J
Registered
M-S
1951
1st g 3ks
J
Bat C & Stur 1 st gu g 3s. 1989 J-D
115%May'O0
20110 M-N
N Y & Harlem g 3ks... 2000
M-N
Registered
i2lkMay'b"2
122
A-O
.1927
5s..
N Y & North 1st g
'02
R <fe O con 1 st ext 5s ft 1 922 A-0 121 122 122k J'ly
113k Jan '02
Oswe & R 2d gu g 5s...el915 F-A
M-N
RW&OTRlst gug 58.1918
108 Sep '02
Utica & Blk Riv gu g4s.l922 J-J
107 Sep '02
.107
N Y Chic & St L 1st g 48.1937 A-O
107 Dec'01
1937 A-O
Registered
Pitts
Since
January 1
105k Nov'01
J-J
J-J
C'l RR 1st 5s.. 1934
McK & Y 1st gu 68.1932
o
147kl47k X Y & Greenw Lake See Erie
118 121
N Y & Har See N Y C A- H ud
See D L &
126k 129k X Y Lack &
121 121
See Erie
N YLE&
147ia Jan '02
J'ne'02
...
...
..Q
— iJ
1930 J.J
Mi Plat 5sstpd4sintgU
1st glint gu 1920 J-J
MSSMAA
s M con 4 int go '38 J-J
M StP*
108
J-D 104k
J-D 104k
J-D 107
J-P
F-A Ill
KaA&GRlstguc5s.l938 J-J 122k.
W
May' 00
Clue A N W
WSeeSeeChic
ANW
Mil A North See Ch
1st 4s gu... 2361
2361
Registered
Lake Shore consol 2d 7s. 1903
1903
Registered
1907
Gold3ks
199
Registered
1900
7s.
1st
DetMon&Tol
West Shore
Last Sale
Ask Low
Bid
Range
5
.
Mex Intermit 1st con g 48.1977 MS
1910 J-D
Mex North 1st gold 6s
Mil L S A
Mil A Mad
Week's
Range or
F-A
1986 F-A
Registered
A-O
1993
gug4s
con
N Y&Pn 1st lstgu
g 5s. 1910 A-O
Nor* Mont
Mahon
A-0
1990 A-0
Metropol El 1st g 6s. ...1908
Coloniz g 5s. ...1934
Man S
Cent
McK'ptABV See
Metropolitan El See Man Ry
.1911
4s.
gold
Mex Cent consol
1st consol income g 3s.al939
2d consol incuine g 3s..al939
1917
Equip A coll gold 53
1919
gold 5s
series D
2d
d serie
H4k
114k
.
LNAA-Ch ftfCrfiwa
Coal Se« L a A- M 8
Mahon
anhattan Ryconsol4s.l990
J'ne'02
Nov'99
100
110k Mar'02
99k
1
]
125kl27k
75
77k
125k Aug'02
Las'
Price
Friday
Sept 19
49
73
99kl02
..
J
5
'
liONDS
WFi'.K KNIMNfi
i. ..
Consul
Alu
i',
2
Sun
1st
1948
ex 1st gu
I
Lewis
Jt
1941
1st g 4s.
.
.
.
I
1936 j
U A i.i. ii Oaugeji Is. 1944
it N isli
Pensacula it aii See
Poo * liiist .Set C C C a; si L
Peo* P( K t'n 1st g 6s.. ..192)
,i
Last Sale
Asi.
108
110
103
111
101
4sg-'3i> p.
4 v~
j-
-
Low
lliHh
c
ft'o
January
1
Low High
Soutliern Pac lo—
it E<£
Isl sni 5s
.
112
1
12
;!
4
111
111
117
May'00
111
lllHi
WacixSa
Morgan's La
m<
1st gold
125
q.
4HaS
m
ilan
f <a V .vl a us.l 020 \
'.i.H'
1st consul gold 5s
M
Pt Huron Div 1st g 5s. 1939 a
Sag'Tusit 11 lstgug 4s. 1931 p.
Pine Creek reg guar 68....1932 j.
St L See I'enti i.'o
Pitts
Tol 1st g 6s. .1922 \.q
Pitts Clev
Pitts Ft
<t Cli
See Peun Co
Pitts J line 1st gold lis
1922 J .
2d
1'ti
1
1
.
t/192J
1
•
i
Cm &
&
W
Pitts & L Erie2dg 5s...al928
Pitts MoKees
V .8,'ee.N Y'Oeii
Pitts Slut
1st g 5s. ..1940
lst consol gold 5s
1943
Pitts & West 1st g 4s
1917
J P
Co certf s
Pitts ,Y
Ash 1st con 5s. 1927
1997
Reading Co gen g 4s
&
LE
M&
&
loo
Registered
Jersey Cent coll g48...l9ol
Rensselaer <V; Sar See li ifc H
Rich & Dan see South Ry
Rich <fc Meek See Southern
RioOr West 1st g4s
1939
Consul and col trust 4s .19451
TJtah Cent 1st gu g 4s.«191
Rio <jr June 1st gug5s... 1930
Rio gr So 1st gold 4s
1940
Guaranteed
1040
.
I
& Pitts Nee B R & P
Rome Wawt Og See N V Cent
lss^ias
113
114
114
Nov'97
122
120
Oct
121
May'02
j.
j.
101
100 3
.*
119
99
Sale
96
Sale
.
A-
ll4 7g
107 Ha Oct '98
A-
112
-
122
119
j
113HU17
'01
121
121
1st gat 6a. .1913
Isl 1st g3-4s.. 1947
St Jo A; Gr
St Law
Adiron lstg 5s. 1996
2d gold 6s
1996
St L it Cairo Nee Moo it Ohio
St L i& Iron Mount Nee
P
Nee Wabash
St L
Br See T UR A of St L
St L & S Fran 2d g 6s 01 -B 1966
2d gold 6h Class C
1906
General gold 6s
1931
General gold 5s
1931
St L <te S F RR cons g 46. .'96
Sonthvr Div lstg 5s. .1947
Refunding g 4s
1051
&
98 J'ly'97
101
101
100
101
Apr '02
101
"
111
ne'02
111
•.in'., 118
97 Ha
98Ha
Apr-Ill
92
06
103 95 Ha
96
102Ha
101
111
101
M eon g 6s.
C Ft S &
.
1
921;
100
j.
95
A-
lll^i....
84
9234 ..„
j.
J.
j
.
lOOL.
100^ 100^
'
05 J "
97
».ug'02
Jan '02
114
Ma'y'02
1027e
13 100
9234
97
95?4
97
112Hallo 14
8OH2 82 Ha
94%
91
80HaJ'ly'02
02 a4 Aug'02
lOmNov'Ol
97 '4 Sale
97'
97
95
99 Ha
j
10Si4 Ai]-'ll2
J'ly'02
Mj.
j.
J.
131
115
101
a-
99
95
J.
102
96
125-i
,vi
.
'a
Si' Tg
Si
i::ii'.
Jau'0-2
Sunb <ft Lew
I'M
svra Bing A N
100
'j',
98*8
9fl
125'sJ
91!4
99H
99
9934
75
06 'si 00 Ha
89
89
Sep '02
77
81 "9
.1
8()-8
Sale
90Ha 196
88Ha
114>12.
1 1
j
130'*.
J.
J.
J.
133?8 Aug'o:
140 May'02
112
M
iiriv
1 1
107^.
L06
106
107
V
88
115 8ll8' h
Aiig'02
los^iog
U
Aug'02
1063slO7Ha
128
14
115
Apr'02
m Apr'02
Apr'97
J
J.
12-1 "a
124 4.125
124 r d 12.".
J'ne'02
'
'-j
M-S
111
J.
11334 Dec'01
128 Dec '01
123
Aug'01
1
1201-2.
Ill
1
,
.
'.'.-.'.j
110
87
95
:
4s. .1018 J
96 l4.
& N E Nee Not .\ W
Seahoard Air lane 4s ...1050 Acoll tr refund g 5s
1911 MSeab iV; Roalstos
1020 J
Car Cent 1st con g 49... 1949 JSlier Shr & So See M K & T
Scioto Val
88 ^
88
t;
KM
>
b
112
98
•
Begistered
Gal H.11& S
104>
Sale
Xov'lll
May'02
Aug'01
110
J'ly'02
"89H»"95"
88
90
84
102'8 195Ha
88*%
10 1H
101
104«4 Feb'08
08
110
104
J-
90 14
98
J
J
J.
F
100 \s Sale
F
Huns E
88 ^ Sale
108 \
104
llo
109 Ha 112
J-
1st
gug5s. 1924
IWI-
W T 1st g 5s. 1933 M-
&
99»4
100
61
94'8 100
Apr'02
94
96
111 J
loo Hi 101
88 Ha
09
92
10178
-
94% 95
loOHal04
87"
lul
U3
89
J'ne'02
"s'.iu
L0934.11S
ins
108
Mail''
110^4 Apr'O
108 May'02
103 Aug*02
108
lOOHallO^
108
103
112
106
J-J
J-J
ill
11614
iOS
114
Hi 11
122
2
1
97
112
'-2
'2
122
100
115
99 >o 101
Ha
08 Ha
94
16
120
119
'02
'.21
1
1
.
Ha
122 34
120
!3'oll7Hs
12'."
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1
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129
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1
125
J'ly'02
101 14 J'ly'00
122 Hi
lll'.j Way'05
92 Sep '0!
11134 110H; 1111-8
i"i8
L23
Feb'02
in 1 1 3 Ha 102 Oct '99
Sep '01
113 Ha 115
111
1 17 'j
117 Sep '02
lll'ilUSU
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l
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.
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33 Apr'02
II8H1 Sep 'OS
92
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100
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112
115
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1
117
:
98
L8Hal21
J'lj '00
104 Ha Sep '02
11 5
98Hal04Ha
lUHiMar'O-J
s
Aug'02
115HaMay'02
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113
1
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'
120
Sale
....
112 Ha ...
107 Ha 109
06 '4 99
92 ....
ll-l'.
1
1
1
>;
8_.
114Hj
lis
112->4ll5Hj
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Un
See
104 Feb '01
120
120
99 Ha Sep '02
111 J'ne'01
114
114
1
il2"8Siiie
J-D
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107 1103s
01 Ha 98'4
93Hi
91
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07
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l
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4
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112
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126
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J-J
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106
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12 L25H»129>a
3 116
119Hi
66 94*3 96
106
104
10234
112Hall4H>
May'02
1.,
104 34 Sale
122
1)0
96
l'.'vNov'Ol
109
Aug'02
00 '4 01 v 9014 Sep '02
8334
s:;Hi 84
84
Os
Aug'02
98
112 Ha Aug'02
112Hj
M-N
M-N
,
95
106
"
8 102
llVHa.I
J-J
Pacific
W
liv
st
M-N *119
120
F-A
J-J
J-J
100H 109H»
M-S
J-J
J-J
1
(i
& W
1st
Exten<fe Imp
1st consol 4s
Wilkes & Easi
& Sioux K
Winona & St,P
WU
g 6s.. 19]
1
J-J
g 5s. ..1026 A-O
gold 5s.. 1928 J-J
gold 5s.. .1930
FA
1949
S(
(
S«
HO^....
S1
See
.III4
''7
$8\t
Main'.'
Sep '02
89
98
100
ill's
II
110
121H1
98\4l02
Mar'01
04k*
ir." 2
U4Ha
113 115Hi
112 Ha 113
113 Deo '01
94>4
94 l4
M M
NW
I'
C
MS
91
97 Ha
88
95
<fc
<fe
Miscellaneous
col tr g4a
1048 M-S
*«cCenl N
104
1
107
Aug'02
y.
114HaJan'02
113 Apr'02
113 Sep '02
Ill
114
113
111
93
1
118V121
27 109 11434
loo
300» 66H3 89
Aug'02
119 34 Aug'02
102
101Hal02Ha 102
40
35 ....
J-J
'cut 5O-3
6
llO'j
J'ly'02
I
Va Cent& P 1st
W
Wlieel'gA L E 1st
Wheel Div
120
119Ha
103
100
87 34 sale
104
107
10978
07
95
88 Hi ssi,
96 ....
Ill ....
111
Southern
sr,
Pa Lstg
5s. .1937 J-J
gold 3-4s
A-O
Income 5s
rflo 13 Nov
West No Car See South Ry
West shore See N Y
Y<fe
Qen
(
lVti'^iVoHa
'05
1
.
2 5
IM'i
A-O
J-D
A-O
oiu Div 1st g 3Has
A-O
194
1st g. Is.. .1:111 M-S
Tol & Ch D
Bridge
1st
6s.
100.8
A-O
Chas
St
g
Warren See Del Lac & West
Wash Ceni See -\m' 1'ac
Wis
'-2
Black R See N ^ Ceni
Val Ind &
See Mo 1'
<fc
WestN
90Vl'ii<''0<>
J
Mex & Pac lstg 5s.... 1031 M
Gila V'l.tIM
1
1981 J J
193i J-J
2d gold 5s
1939
Debenture series A
1939
sines B
1st hen equip 9 Id g 5s.. |;rjl
Dei & Ch Ext 1st g 5s.. 1041
Des Moin Div 1st g 4s. .1939
Wash
Dec '01
100
9934 1003.1
94 56 Sale
J.
I
1905
gold 7s
2<l
126
O'-l'l
.
98
fcl&29 J
A lstg 6s..
all it
4
1105s 110(a»
Mar'02
Sep '02
Mar'01
Sep
lie
22
11 7 Ha
126 '4
126 '4
1047 J-J
istered
1
i
W
MS
Mar
gl
Yer
irginia.Mid See South
gold 5s...
Wabash
W
SU Sji Oca <fc G> See Sav F &
1924
Sod Bay& so 1st u 5s
So Car ^ i.. See Southern
So Pac Co— Coll tr g 4*as..l905
Gold 4s (Cent Pac coll), fcl 049
Registered
&1949
1st gu g 5s. ...1041
AA N
Ceni Pac 1st ret gu g 4s 1049
Registered
1040
Mon guar gold3 1as..fcl929
1
Ha 1 1
105\il0.8 l4
16 110s,
06
110 a4 120
117'4
122
M-N
2000 J-D
convert 4s
1011
loi 1
Registered
Ore Ry«ft Xav con g 48.1946
Ore Short Line 1st g6s..l922
104i
1st consul g5s
Sub-ctfa tor is a partio.^l
Utah & -\ur 1st 7s
1908
Bold 5s
1926
Co
Uni N J RR <fc C
6'ee Pa RR
Utah Central See Rio Gr Wes
TJtica
120
2
1
1st lien
140' 4 141 l4
125 Ha Feb '02
123
J-
:
100 Hi
1
l.slj
110
.I-J
1
Ri
J'lj '01
97^ Sep
100 '4 101
118
06
J-J
.1950 A-O
TorHam&Bnlllst g 4s. h L946 J-D
Del
1st
con g 5s 928 J-D
Ulster*
n Pac RR«fe 1 gr g Is. .10-17 J-J
:i
May'02
Feb '02
108 Ha
119 >2
115
A-O
50-year gold ts
Hi
108
122H> Jan
-''l
1
'
1
119Ha J'ne'02
107 Nov.'OO
IIOI4
110
116'4 Apr'OL
97
A-O
I
.
112 8 113
1
-•
W
Hi
1
Aug'02
<S
183 >s 137
122
123 Hs
\X
C Is; a 5s
Western i>iv 1st g 5s. ..10::.".
General gold 5s
1935
Kan & M 1st gu g 48.. ..1990
1st ifold 4S....1917
Tol P<6
Tulsl L<S \Y]U lien gli His
A
J.
m K
si
1
TnlA-
A
J
Si
1.
NO
116 sA]ir'i)l
'-j
.\
oi si
D
See
bi
1st gold 5s
2d gold inc 5s
LaDiv H L 1st g 5s
1
5
Sali
1
90Ha
3134
90Ha
114V»117
133 8 Ml
10
139
112 115
113%
IKl'a
J.
j.
A-
5 Hi J'ne'02
&
I,,'
1 ciA
KK
L&
Penn
See
lsi
00 '4 94 34
I
gu g
191
g 6s
4 Hj
88 "t
100
104
120
J-J
1944 F-A
con gold 5s...
st L M Bge
ei gu £ os 1930 A-O
..
s,, f.u'
s<
Tex &
Tex<fc Pac 1; Di v 1st -r.s ..loo.-, M-S
125 Hg
i"'''i'j
A-
& Vv 1st gold 6s. ...1934 A1934 A1st gold 5s
St John's Div lstg 4s. ..1934 J.
Ala Mid 1st gu gold 5s. .1928 M1st gu g4s..
Bruus &
W
114
J-J
J-J
J-J
;
1
;
II01-4 Sale
FA
1
108 Dec '01
110 >8Jan'02
W
118
iV'ji.j
127 Hj
112Ha Aug'02
105H2J'ne.'02
105 34
106
107
117
117
General 5s
M-N
U7U
Guar stamped
1931 M-K
1st cy gu 4s.. 1024 F-A
OA
West N C l>i
.1914 J J 118Ha
s & N Ala Set h& S
Spok KaUsd N01 Istg6s.l939 J-J 122
Stal lsi iiy Lsl gu g
Has-1943 J-D *104
06
ii'o"
ni'ii'j
11234 Apr'02
,
11LV
Car* Ga
114
100
j.
Sav F
oca& G
110
lllHa.
Dan con
Low
Jan 'i'l
1.13
in:, i...\„v'n;
J-J
<fc
.
;
80
J-J
g 6S...1925 J-J
ihiu 1st
I
45
ctfs
j'.
Aug'02
101
LOO
li '7
01 H
9L>8 sale
99
88
114
111H;
lioag
M
Sil S]i
(
I
.
Ji iijto
.
Ha
Equip sink fund g 5s. .1909 M-S
Deb 5s stamped
192 A-O
Rich <fc Meek 1st g 4s.. .1948 M-N
W
107
LO8I4 Arig'02
\|.
06
'.is
1
W
F&
1
117
1st g 5s...
VI- X
Virginia Mid ser C 6s... 1916 Wl
8. lies J> 4-5.S
M-S
1026 M-S
Series
5s
a
Registered
1936 a
St Louis So Nee Illinois Cent
St L S
1st g4s bdctfs.1989 M2d g 4S 1UC liond Ctts...pl089 J.
Trust Co
&
I
.....
Sep '02
I27H>Feb'0i
11
134HsJ'lj "'
122
122
119 4.
So
j.
j.
97 H
121H>.
6's
1
Knox
.si
.1 .t
High
1
96
7S.1918 A-O
1st
or
Sep'Oi
12
i
:
Dtv 1st g4Ha-5s... 1996
St Louis div st t; -Is ...1931
1918
1st g 6s
1948
Atl<fc Danvlst g 4s
Atl<fe Yad 1st g guar 4s. 194!
1016
Col<fe Greeny Ut 6s
E T Va it Ga T>iv g 5s. .1030
1956
Con 1st gold 5s
E Ten reor lien g 5s
938
1922
Ga- Pac l.v 1st % 6s
Rich
KCFtS&M Ryref g4sl936 A
Consul gold 4s
1032
Gray's PtTerlstgug5s 1947
St Paul <fc Dul Nee Nor Paeirjc
St Paul M & Man 2d 6s... 1909
1st eonsol gold 6s
1033
Registered
1033
Reduced to gold 4 Has.. 1933
Registered.
1033
Dakota ext gold 6s
1910
Mont ext 1st gold 4s
1937
Registered
1037
E Minn 1st div lstg 5s. .190a
Registered
1908
Nor Div 1st go Id 4s
1048
MinnUuion lstg 6s
1922
MoutC 1st gu g lis
1937
Registered
1 937
1st guar gold 5a.
1937
Wiil<fc S F 1st gold 5s.. 1938
St P <fc Nor Pac see Nor Pac
St P <fc S'x City See c st P
<feO
S Fe Pies (t l'h Istg5s...l942
Nee
So
Pac Co
SA& A P
S
N 1' 1st sink 1 j; 5s. 1910
'
Mem
M
K
'1
1
A-
Ill
Mol)4 0Mocolltrg4s..l988 M-S
98
M
StLKC&N
191
Ala Cen R
Rutland 1st con g 4H>s....l941 j.
Rut-Canad 1st gug4Has. 1940 j.
SagTus«fe ll Nee Pere Marq
LakeO
.
. .
Roeii
alt
T
Ai
111
i
125
115
124
1
137
114
j.
114 7
8
v-
\i".
130
J -J
1920 JN YT,t.Mex gulsl if 4s. 1012 A-O
No of Cal 1st gu g 6s
1907 JGuaranteed gold 5s
1938 AC
Ore ifc Cal 1st guar g 5s. 192 J-J
S A A- A Passlst gu g 48.1943 J-J
So P ot Ar gu lstg 6s.. .clOOO J-J
1st guar g 6s
ol910 J-J
S P of Cal 1st g 6s
1905 A-O
1st c 6s series B
1005 A-O
1st g 6s series C<fe D...190C A-O
lstg6s8eriesE& F...1012 A-O
1st gold 6s
1912 A-O
1037 M-N
1st con guar g 5s
Stamped
1905-.. 1937 M-N
SPacofN Mex lstg 6s. .1911 J-J
S P Coast 1st gu g 4s. .1937 J-J
1905
Tex & N O 1st 7s
1912 M-S
Sabine Div lstg 6s
1943 J-J
Con gold 5s
Soutliern— 1st con g 5s
1994 J-J
Registered...
1994 J-J
130i4
130i4 Fel)'O'j
101
Oct mi
125 J'ne'ii'J
112 Hi.
.
W div lsi
.X
Low
s
S'ah
Srt-X
A-0
ml guat ..1921 A-O
gold 4s
a
1 1,
inr guar.
lis
Ijts-t
-
•
1
,
tidnyi
g5sintgu..l937
1st
Consol g
1.
•_ .
ifeTC
Gen
Sale
<
WT
H
,,
II
n. y.
Nov'97
Mar'00
102
Price
stock exchange
Week endim; sept 19
Since
N|-
..1942 M.
gu g4Has.. 19155 M
BuelHlau
it
l:
K&
i.i
Ilia
Range or
lxxv,
[Vol.
BONDS
Range
Week's
Price
Fri&aAi
Sept IU
=j
5
SEPT 19
g'Old 4s
-'Ji sii 2 4s.
V-.il
K
li
j
onttnvedj
i
Mat
<jj
D
-
STOCK EXCHANGE
Penn
,
.
Bond Record— Concluded— Page 4
598
N. V.
J
5
'
is
st "''ii
1
9 LS
93 Hi
93 Hi 93
47
HISCKLLANKOUS BONDS—Concluded.
LHmiulnctiiriiiu; »V Industrial
llidv.v L 1st slg6s..l910 M-S
Spirits .Mlg st .glis.. 1015 M-S
ijiread 1st col tr ts... 1010 J-J
Bar it S Oar Go 1st g 6s. :. 1942 .I-J
Am
Am
Am
1
Tobacci 50
Registered 4s
i
3
1
Is
1
I
831
951
I''
A
1
1
J-J
eun vdeben 5s
1913 A-O
Int Paper Co 1st con g 6s. 1918 F-A
Nun
Knickerbocker Ice (Old
1926,
Nat Starch M7 g Co 1st g 6s 020
Nat Starch oat deb 5s.. 1025
Stan Rope &T lstg 6s... 10 10
Income gold 5s
1946
US Death Co s f deb g6s.. 1913
I
1
•No price Friday;
82
66 '.Sale
"of"
'.'.'.'.'.
latest bid
J'ne'02
an '00
0834 2587
s
Mar'02
96*4,.
07
150
ii''i
7
00
68
and asked.
'4
98
93
102
Aug'00
85
69
94
Apr'02
Sale
M-N
107
J
643b "e978
65Ha 05Ha
86
97
100
107
100
112
102
112
20
6g
14
114
aDueJan
17
b
;.i
1
Sep
'02
Adams Ex
Am Dkit Iuip5s
Am SS Go di w
89
85
fl34
112
i
.
!o 1st
'
8o"8
so
1
"30"
'oiu
gold 5s...
.1
N Y Dock
Ha
S5Hj
tuft
89
85
88H
M-N
Mad Sq Garden lsi e 5s. .1919 M-N
Hchll.t
Lgeug la. .1940 M-N
Map
Newj> Ne Ship ,t li |i.k,i'1000
100»4 101
Tu '02
Mar'01
111
:
Hoboken L&>I
1O3«b107H»
105
104Ha
.1
5s.„. 1020 M-N
cons g 5s is F-A
CIliCJc& SI, Yard col as. 1015 .I-J,
DetM&M Lngr nn'< is.. 191 A O
\
B'kl'n Ferf v<
.Ian '00
107'4
'-2
102
J-J
F-A
82
94 Ha 100
80
91 Hj
82
S3
99VApr'0J
ion
lOO
107
VO
M-N
98 Ha Sep '02
87 sep'OE
1
1
IU Steel Co deb 5s
1st gold 5s
86
''-A
I
uKYmer eoll tr g5s. 101 J-J
Oramercy Stig st gold i)s. 933 A-O
Distill
96Ha ,98
60-yr 1
St Joseph sik ^ da
si
1.
1
r-A
j-j
1
Lsi
St LTerCupplesStat'n* Proil
Co lstg 4 Has 5-20 year.. 1017 JJD
110>4
8 Yuba Wat Co con 6s.. 923 J-J
95
Sp Val Wat Works 1st 6s 1006 M-S
74
TJ S Bed <fc Ref 1st s
19
tr
60
'Jil
95 U
sak
00"
SO
ooHjibo"
102
101
1
1
38
Feb'02
50
.1
102
1
Keb
7
13 H> J'ly'00
85
Sep '02
84 Hi 89»4
116Hj
Due Feb cDue Mar d Due Apr gDne J'ue ADue J
-
l;-
A;
Duo Ant p Due Not
q line
I)n rOpttonsaU
—
.
September
3
THE CHKONICLE
20, 1902.J
of Business at
Volume
—
)
t.as Securities
Indiana Nat & 111 Gas—
M-N
1st 6s 1908
Indianapolis Gas stock 50
Stock Exchanges
1st 6s 1920
Jackson Gas Co
5s g 1937
Kansas City Gas
5s 1922
Laclede Gas
TRANSACTIONS AT THE -NEW i'OKK STOCK EXCHANGE
WEEKLY AND YEARLY
DAILY.
Stocks
Week ending
Sept 19
iyos
Railroad Ac
State
Bonds
Bonds
Par value
Shares
a s
Bonds
f2S.044.850
61.169,700
40,474,200
44,241,200
45,992,700
82,845,000
$1,174,000
2,853,000
4,000, HOD
2,659(500
2.233.200
3,598,000
$5,000
10,000
10,000
3,125,076 $302,767,650
$16,523,700
$41,000
297,081
030,947
423,202
463,812
471.739
842,296
Saturday
Tuesday
January 1
Week ending Sept 19
Sales at
Stock
yew York
14,000
20,000
to
$44,000
Sept 19
1902
1901
1902
Exchange
$10,000
6,6bo
10,000
1901
131,502.928
212,240,212
3,116,502
3.125,076
Stocks— N o. snares
$302,767,650 $307,960,700 $12,431,775,775 $20,687,436,825
Par value
$410,900
$129, 175
Bank shares, par..
BONUS
$790,400
$1,419,970
$1,000
$44,000
Qoverunien t bonds
BK. and mis. bonds
Total bends
599
41.0Q0
16.523.700
31,500
11.138,500
1,817,700
662.652.050
2,316,200
751.435,300
$16,608,700
$11,171,000
$665,260,150
$755,171,470
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
and .Uisce.
Ry Ltg<fcRefrig. 100
Consol Rubber 'five. .100
Industrial
ASK
Bid
('ens
48
Detoem are 4s
Continental Tobac d<
Cramps' Sh&En BldglOO
ion
Crucible Steel
78
104
70
M-N 102
j"
75
A-O $102
100
12
li
ib'4"
Preferred
20
101
94
108
100
Mtti
Ask
G\
j
1
is
15
105
107
:
65
22 s4
86
29H 31
'
DiatiT'gCooiAm new(w 1)
New 5s (whenissut d).. t
90
100
i
Securities. 100
Dominion
27
30
loo
102
Preferred
Boat
25
100
Electric
30
60
6s'24.M-N
Lafay'eGaslst
4*
"16
loo
40
Preferred
45
51
Log&WabVlst6s'25.J-D
100
5
6
Madison Gas 6s 1926. A-O $107*2 109*2 Electric Vehicle
141*2
Preferred
100
15
16
Q-J
$141
Newark Gas 6s 1944.
1*4
Tran
10
1*9
Elect
ro-Pnetun'ic
70
100
69
Gas..
Consol
Newark
100
Empire Steel
12
13
5s 1948 See Stock Exch list
Preferred
48
ist
100
oston
50
New Eng Gas & C See B
100
63
General Chemical
66
22
O <fc Ind Con Nat <fc IU1 00 19
loo 102 104
Preferred
54
J-D
51
1st 6s 1926
Gorham Mfg Co com. 100 125
50 1110
Providence Gas
100 125
Preferred
St Joseph Gas 5s 1937. J-J i 94
93*2
26 34 27
Greene Consol Copper.10
92
$
5s'44M-S
Gen
StPaulGas
Guggenheim Explorati'n 150 160
Syracuse Gas 5s 1946.J-J $ 99 \ 101
HackensackMeadowslOO
9
38
12
37
United Gas<fcElec,N J 100
100 115
Hall Signal Co
120
88 34 89
100
Preferred
Havana Commercial. 100 18*2 20
Telephone
60
Preferred
100
62
Telegr
Havana Tobacco Co (w i) 49
51
BellTeleph of Buffalo 100 108 111
104
Preferred
(w
i)
66
72
..loo
101
Amer.
Central 6b So
45*8 40*2 Hecker-Jones-Jew'l Mill
Ches<& PotoTeleph-.lOO
M-s 99 102
107
1st 6a 1922
J-J 105
5s 1909-29
2
3
Herring- lall MarvinlOO
100 175 184
Comm eroial Cable
35
40
100
1st preierred
Commer Un Tel (N Y).25 115
10
i
2d preferred
100
78
84
Emit & Bay State Tel 100
55
Hoboken Landdfc impioo 105
47
100
Franklin
106
M-N
123
5s
1910
120
100
Gold& Stock
18 V 20
loo
Houston Oil
4*2S, 1905
70
75
100
Hudson River Teleph 100 108 110*2 Preferred
200
205
New Eng Telephone See Bosto 11 list Internat'l HankingColOO
9
10
salt
100
126
International
50
122
Teleg.
.
Northwestern
40
46
1st g 5s 1951
N Y db N J Telephone 100 183*2 ISO
101*-.
102*4
115*2 Interu't'l Silv 6s '48. J-D
L2
M-X
5s 1920
1
SO
85
Iron Steamboat
25
25
Pacilic & Atlantic
170
B
Stetson
114
John
com.
.100
50
Telephone.
Providence
loo 150
Preferred
99 102
Southern & Atlantic. .25
12*4
Lanstou Monotype
7
20
12*a
Tel Tel & Cable of Am. 15
Lawyers Moil Illsur.lOO il
425*"
Electric Companies
Lawyers' Pitle Ins. ..loo 415
180
loo 125
Lorillard (l'i prel
Chicago Edison Co. ..100 175
14
19
Edison El 111 Brk 4s X Y Stock Exch 'Madison Sq Harden.-. 100
5
Os
M-N
200
2d
1919
Elec
LtlOO
Hartford (Ct)
7V
Manhattan Transit
20
KingsCo Elec Lct-PLN >1<'0 206
6*2
Mex Nat construc.pflOO
7*a
Xarragan(Prov) E1C" 50 U09
N Y & Q El L&PowColoo 42 43 Monongahela li Coal. .50 123fc" 12*a
40
81*2
80
Preierred
50
100
t
Preferred
Mosler Safe Oo
100
I02*a
RhoIslElecProiecColOO 125
22" National Bread
9
20
18
100
United Electric of NJ100
70*4
Preferred
100
70
92*a
J-D
48 1929
33
33 5a
National Carbon
100
Ferry Companies
Preferred
100 100 >2
15
17
Nat Euam'g & Stamp 100 38*2 39
Brooklyn Ferry stocklOO
90
95
Preferred
100
NY&Bl8t6sl9ll.J-J 113 115
National Surety
100 140
Con 5s 1948 See Stock Exch list
6*4
6
NewBrunsCannelCoal 1
108 110
Metropolitan Ferry 5s..
33
38
New Central Coal
20
N Y & E R Ferry stk .100 82
28
29
94
95
New
Eng
Consol
Ice.
100
M-N $
1st 5s 1922
N Y & Hoboken stk.100 70 72 New Eng Trau.spor.,100 x H
Hob Fy 1st 5s 1946 M-N $112*2 114 N Y Biscuit (i.s 1911. M-S 114 116
87
N Y Mtge & Security 1 00 120 135
Con 5s 1946
J-D $ 86
25
27
100
N Y<fc N J 1st 5s 1946. J-J 102 105 New York Dock
63
65
100
Preferred
10th & 23d Sts Ferry 100
64*a
108
N Y Realty Corp
100 185 187*2
1st mort 5s 1919... J-D $105
14**
Union Ferry stock. ..100
44
45
N Y Transportation. ..20
143a
Nicholson File Co
100 152 160
1st 5s 1920
M-N $ 98*2
10
Nor Am Lum'r <fc PulplOO
6
Railroad
North Platte Copper. 100
Shi 10
Chic Ind & Lou gu 4s ( w i)
95
Ontario Silver
100
96
43
13*2 14*2 Otis Elevator com
44
Chic Peo & St E pret.100
100
108
Preferred
Prior lien g4*2s'30M&S $106
100 103 105
31
Con mtg g 5s 1930. J<fcJ $ 99 101
Pittsburg Brewing
50
31*a
47 V 4734
Income 5s 1930
31
Preferred
34
50
3o=(, 3078
100
ChRI&Pcolltr4s (wi) 88 34 89 Pittsburg Coal
91 '1 92
61*4
61
Preferred
Rock Island (when is.)
100
150
New pref (wh issued) 88 34 89 Pitts Plate Glass
100
98
Denver & South'n ...100
35
50
Pratt & Wliitn pref.. 100
-<•>•*
345
Northern Securities. .100 114*4 114*2 Procter & Gamble.. ..100
205
Preferred
Ore Short L 4s w i SeeStk Exch list
100
Pitts Bess & L E
37
Rap T Sub Oper 40 pd 100 119 122
50 t 35
Preferred
Royal BakPowd pref. 100 105 106
50 t 75
63
Russell & Erwrn
25 t 61
Industrial and .Uiscel
183
Safety Car Heat & Lt 100 178
Acker Mer&Condit...6s 100 103
iih
Seminole Mining
t
2*a
Alliance Realty
Simmons Hardw com 100 158 V 160
loo 133 136
Am Agric Chem <S'ee B oston list
Preferred
100 135
Amer Bank Note Co... 50 t 57
100 141 143
2d preferred
59
American Qan com... 100
13*2 13 34 Singer Mfg Co
100 280 3 OO
3
9
Preferred
Standard
Milling
100
7*v
54
54
Co.
100
4
3!
33
American Chicle Co. .100 125 135
Preferred
100
79*2 81
Preferred
97
95
5s
100
American Elevated...
1*4 Standard Oil of N J. .100 675
680
1
Amer Graphophone...lO t 4*8 5*8 Standard Coupler comlOO 30
35
Preferred
8*2 10
Preferred
100 130 ......
lo t
Amer Hide & Lea. 6'eeStls Exch list
Storage Power
50
Amer Press Assoc'n.loo 95 100 Swift & Co See Boston St 1c Exc h'ge
American Screw
102
78
1st 5s 1910-1914.. ..J-J $101
100
Amer Shipbuilding. .. 100 61*2 63 Tennessee Copper
25 t 16*2 17*t
Preferred
"...100 107
90
109
Texas & Pacinc Coal. 100
Am Soda Foun com.. 100
4
1st 6s 1908
A-O $106 110
6
1st preferred
Title Guar & Trust... 100 775
60
100
2d ureferred
i"65"*
Title Ins Co of N Y..100 155
14
17
100
American Surety
19
22
TrentonPotteries comlOO
50 180 190
112
Am Strawboard rects 100 47 49
Preferred tr ctfs
100 108
Bonds 6s
75
Trow Directory new.. 100 70
F-A 100
3*9
Amer Tobacco com. 50 285 310 Union Copper
10 t
o*e
Preferred
S3
Union Steel & Chain. lO'O 20
loo 144 147
Am Typefo'rs com.. .100 43 46
40.
50
Preferred
100
Preferred
96
Union S witch <fe Signal 50 t
loo
98 102
Amer Writing Paper. 100
6*2
53
Preferred
50 )106 109
Preferred
129
131
21*
Union Typewr com.. 100
21
100
5s 1919
100 132 134
1st preferred. .:.
jj 77*4 78
Barney & Sm Car
100 132 135
2d preferred
22
100
14*2 16
Preferred
100
U S Cotton Duck
loo 128
Bliss Company com
12
20
Envelope
100
S
com...
50 145
U
72
Preferred
75
100
Preferred
50 140 145
Bond& MtgGuar .new 1 00 360
U S Glass common. ..100 35
Borden's CondMilk..lOO 120 124
100
Preierred
37 *s
Preferred
100 109 112
U S Realty & Con (wh iss) 37*4
79*4 79 34
Brit Colum Cop See Bost Stock Exch
Preferredfwhen issued)
34*»
Camden Land
U S Reduct&RenninglOO
20 t
%
Celluloid Co
Preferred
10p
100 115
23
Cent Fireworks com. 100
19
22
U S Sliipbuild'g (wh iss). 21
69
62
Preferred. . ,
Preferred(when issued)
65
1 00
62
94
96
Central Foundry
2*2
2*4
6s (75% pd)
100
98
99
isal
(wh
Preferred
Steel
Corp
5s
S
U
12
13
100
Cnesebrough Mfg Co 100 450' 470
Coltr5sSerB<foD195i 113 116
3
5
Clatlin (H B) 1st pref 100 100
102*2 Universal Tobacco. ..100
25
33
100
2d preferred
Preferred
100 102 106
Common
101
Va Iron Coal & Coke. 100 33*2 34
100
76*4 78
M-S
Col& HockCoal&I ptloo
5s 1949
65
60
34
35
100
1st g 5s 1917
Vulcan Detinning
J-J
81
100
82
Preferred
Compressed Air Co... 100
7
4
Westingh Air Brake. .50 1183 186
Consoiid CaiUleating 100
65
60
18*2 20
White Knob Mining. 100
Consol Flrew'ks com.lOO
20
10
"Worthing Pump pref .100 124 128
Preferred
55
100
A-O 100
1
1
&
—
1
.
Sept 19
Saturday
Monday
Wednesday
Total
1
.
Bond
Unlisted
shares
Listed
shares
1903
Philadelphia
Boston
Meek ending
5.589
11,3-0
14,230
9.333
11,562
13,332
3,948
11,835
65,476
44,375
7,8
sales
Bond
Cnlisted
shares
Listed
shares
sales
$30,000
20 600
10,465
267884
16,025
20,9.".?
4,169
6.922
4,406
27, cot
59,000
03,000
34,100
30,834
58,663
4,081
7,512
$87,750
172.700
153,925
169,600
276,037
217,900
$255,525
181,903
30,580
$1,077,912
ItS
7,767
7,816
5,121
1
3,4,90
Outside Securities
A
Weekly Revieto
or
Outside Market will be found on a preceding page.
Street Railways
NBW YORK CITY
BleeckSt* FiU F stk 100
Ask
Bid
32*2
Street Railways
Grand Rapids Ry
Preferred
Indianapolis St Ry See
J -J 101
lstmort4s 1950
Ave
stk.
100
248
J
Hob & Paterson.,100
C
&
7th
way
B'
4sgNovl 1949... M-N
lstmort 5s 1904. ..J-D 100*2 101*4
Lake St(Chic) Elstk.100
2dmort 5s 1914
J J 107 hi 109
1st 5s 1928
J-J
Con 5s 1943 See Stock Exch list
Louis v St Ry 5s 1930 J& J
B' way Surf 1st 5s gu 1924 $112*2 115
102
Lynn& Bos 1st 5s '24. J-D
2d os iut as rental 1905 $101
MinneapSt Ry 5s See Stk
275
Ceut'l Crosstown stk. 100 265
M-N
New
Orl Rys Co (w i) 100
6s
1922
123
126
lStM
J
Preferred (wli iss).100
Cen Pk N <fc E Riv stk 100 209 220
J-D 100*2 101
50-yr 4*2S (wh issued).
Consol 7s 1902
North Chic Str stock. 100
Cbnst'r& lOtU St stk 100 185 190
1st os 1909
J-J
Col& 9th Ave 5s See Stock Exch list
Dry D E B & Bat stk 100 120 130 North Jersey St stocklOO
M-N
48 1948
1st gold 5s 1932... J-D 113*2 116*2
F-A 103 104*a Pat Ry con 6s 1931. .J-D
Scrip 5s 1914
2d 6s 1914
415
.A-O
Eightli Avenue stock 100 400
F-A 105 109
Rochester Ry
100
Scrip 6s 1914
Preferred
42d & Gr St Ferry stk 100 410 415
100
Con
A-O
42d St
Ave 100 70
75
5s 1930
<fc St
2d 5s 1933
J-D
lstmort 6s 1910. ..M-S 111 112
99 101
So Side El (Chic) stk.100
2d income 6s 1915. -J-J
Syracuse Rap Tr 5s 1946
Lex Av & Pav F 5s See St k Exc list
Metropol Securities See Stk E x list Toledo Rys & Light See
Metropol Street Ry See Stk E x list Unit Rys (St LTrans) 100
Preferred
100
Ninth Avenue stock, loo 190 205
Gen 4s 1934
J-J
Second Avenue stocklOO 218 220
Unit Rys San Fran subs.
lstmort 5s 1909. .M-N $105*4 106
F-A $118 119
Common (when issued)
Consol 5s 1948
Sixth Avenue stock. .100 175
Preferred(when issued)
180
Sou Boulev 5s 1945. .J-J $111 114
4s 1927
So Fer 1st 5s 1919. ..A-O $108 110
West Chicago St
100
Third Avenue See Stock Exch list
Cong 5s 1936
M-N
M
35
102
251
N
W
Tarry
P & M os 1928 108
YkersStR R 5s 1046A-O 111
<fe 29th Sts 1st 5s '96 $113
Twenty-Third St stk. 100 408
Deb 5s 1906
J-J 102
Union Ry 1st os 1942 F-A 118*2
Westchest 1st 5s '43 J-J 113*4
110
114
28th
114*2
BROOKLYN
Atlan
Ave
5s 1909. .A-O $103
106
Con 5s g 1931
A-O 113
Impt 5s See Stock Exc hlist
W E 5s 1933. .A-O
Brooklyn City
BB
<fc
stock. ..10
102
247
104
248
Con 5s See Stock Exoh list
Bkln Crosstn 5s 1908.J-J 104 107
Bkn Huts 1st 5s 1941 A-O 105 108
BklnQCo&Sub 6e«Stk Exch list
Bklyn Rap Tran See Stk Exch list
Coney Island <& BklynlOO 360 400
1903
J-J
5scrtlsindbt 1903. .J-J
1st 5s
101
101 103
Brk C m X 5s 1939. J-J 115 116
Gr St&N ew 1st 5s '06 F-A 103 *2
Gr*pt<fcLorimer St 1st 6s 105 107
Kings Co. E4evated
1st 4s. 1949 See Stock Exch list
Nassau ELec pref
100
83 hi 85
5s 1944
A-O 113 115
1st 4s 1951
J-J
88
89 \
"Wb'g & Flat 1st ex 4*as. 105 106
Steinway 1st 6s 1922. J-J $117*2 119*2
OTHER CITIES
Buffalo Street Ry—
1st consol 5s 1931.. F-A $111*0 113
Deb 6s 1917
A.O $106*2
Chicago City Ry stk. 100 215
Chic UniouTrac SeeSVck Exch list
Cleveland City Ry
loo 110 116
Cleveland Electr Ky.100
90
9I*4
Columbus (O) St Ry..l00 53
55
Preferred
100 107
110
Colurn Ky con 5s See Ph ila list
Cro-sfwn lst5s'33.J-D i 1 09 111
'
'.
P«trorl
imtedRy.SeeStk Exch list
«unyec pays accrued interest.
53
100
49
95
Phila
23
i
list
24*2
81 8
W
10V
J
4
$101
$117
Exch
11
118
list
1734
57*4
17°s
56*2
86
185
88
185*4
$
34*4
85 34
$123
$100
66
34 34
86
132
70
99*2 100
113*2
112
$105
112
102
Stk E
30
84
$ 87
108
114
104
x
87*2
48*2
22
60 34
91
21
60
89
96
99
list
31
85
1147*2
Cent Union Gas 1st 5s
$108
Cou Gas (N Y) stock N Y Stock
EquitGascon5sl932 See Stk E
Mutual Gas
100 320
New Amsterdam Gas
96%
100
110
Exc
x list
335
1st consol 58 1948.. J-J $110*2 112
NY G EI, H&P 6'ee Stock
N Y & East River Gas—
Exch
1st 58 1944
J-J $113
Consol 5s 1945
J-J $109
1st 5s 1927. M-X 108
Standard Gas com
100 130
Preferred
*100 150
1st 5s 1930
M-N $115*2
Nor On
OTHER
list
114
112
110
140
160
CITIES
44
Light & Tract. 100
42
93*9
Preferred
93
100
Baltimore Consolidat See Bait list
Bay State Gas
50
1% 1*2
Binghamton Gas 5s 1938 $ 94*2 96
Boston United Gas bonds Bosto n iisl
Buffalo City Gas stocklOO
10
11
1st 5s 1947
Blh
A-O 80
Chicago Gas See N Y Stk Exch list
Cincinnati Gas & EleclOO 100*4 100*2
Col Gas L & Heat comlOO 105
107
Preferred
100 107*2 108
Col Gas 1st 6a 1932 J-J 4107=4
Consol Gas (N J) stk.100
16 34 17*-?
1st 5s 1936:
90
91
J-J
Consum Gas (J City)—
1st 6s 1904
M-N $103 104
Detroit City Gas
50
Essex & Hudson Gas loo f 34*2 35
FortWayue>6s 1926. .J-J
55
Gas&Elec BergehColOO
Grand Rapids Gas
1st 5s 1915
F-A $104 34 106
Hartford (Ct) Gas L...25 t 50
Hudson Co Gas
40
100
39
5s gl949
M-N $103 103»4
Price per share.
t
Sale price.
-
. .
116*4
Amer
]
;,
.
102*2
Gas Securities
NEW YORK
114*2
115
106
119
Ask
Bid
100
100
:.
U
.
*..
.
Ex stock,
'
1
1
1
BOSTON STOCK EXOH&NGE-Stock
Record, Daily,
Share Prices—Not Per Centum Prices
Ilonday
15
Saturday
Sept. 13
260
155k 155
....
243
199
198
261
261
156
'243
*300
•800
....
*
*
158
*
1261s
*
•199
200
•144
145 k
142
38k 38k
38
97
300
160
305
159
126k
199
97
Thursday
Sept. 18
Wednesday
Sept. 17
261
156
261
....
243
198
155kl55k
199
300
158
....
160
199
200
144
142
142
38
38
97
38 !4
97
97
....
198
....
158
126k
126H>
200
201
*199
200
142 k 142 k
38
97
38
97
*28k 29k -28k 29k *28k 2914 *28k 29k
234 234
234 234
285^ 235k 233 233
x20'9k209k 211 ....
82 k 83
*81k 83
211
211
82ia 83
•85
87
•70
74
85
*70
•85
86
70
86
70
*209k.-*82k 82 34
*85
87
86
70
70k 70
•85
86H1 »85
86k
86k 86H! 86k
107kl07k 108 108 105k 107k 104 k 104 k
110
109
Hj
k 110k 110k 110k
109kl09k 109
92 k 92 k
91 34 91 a4
92k 92k
•923s 92k
95
95 k
95 k 95 H2
96
96
95k 95k
•112
26
'89
HSk
*113
114
113
88
142
•89
241
"
"*2k
2 3e
23s
•IIOHj...
4 34
4k
166
30
114
65
•82
2*8
115
65
32H
'
-90
30i4
101 101
•113 116
•113iall7
2k
•4ia
••50
5
•Ilia 13
27i2
•27
•27
80k
28 k
31i4
• •70
•
'85
(55
565
171
14k 14 5e
79
4k
14k 15
79
79
*4
128
4k
128
72
128
273
280
7234
*7»4
8
2k
2k
2k
4k
280
193
185
2 J,
*110k
88
•
4k
128
72k 74k
7k
7 3<
'273
191 191k 193
* 182 k 185
185
*110k--.
80
88
4k
»4k
141 34l41 34 •141
41
39
242 242 *241
88
48
143
(
242
....
*9
*9
....
162H>164
162
*26
*29
162
*26
163
27
27
163k
27
245
30
30
29k 29k
-2
*2
2k
2k
2k •2
Il4kll5k 114k H6k 116 II6H2
54 H2 54 k
54 k 64 k
55H2
32i«
32
32
32k 32
82k
13k 13 Hj
13k 13k
*
30
*100
Hi
68
40k 40k
90
90k
-90
30
29 k 29 34
10034 100 34 1U0
112 113 *112
116
2214
2H
68
7
t
21k 22
*2k 3
68
(
28
30 Hi
*-70
116
-11
69 k
2k
13
*26k 27k
•>4 34
6
•50
1
1
29
28
*27k
30k
30k
80k
5
-85
•70
3
-80
3
6
6
555
665
555
555
41
k
90 k 90 k
30
*2k 2?
*llk 13
*28
41
-90
101
21k
2
8
114
114
*4 34
*'50
1
170
170 34l7lHi
-9
•113
*2k
8k
242
113
22i4 2214
2 34
2k
683a 6834
45,
40 Hi
90
90
GO'S 90's
*29k
8k
129k 130"% 130k 131k
121 121k 122 3 22
141
40 5
40 k 40 3b
•
89
814
25k
89 k
141
*26
*29
27
*2
88k
*
434
142
41
241
*9
164
•26
•29
25
113
*28k-.-
180k
•
8k
8k
12936 131Hi
121 12134
122 122
169 34 171
169kl70
•14
14k *14 3 141-4
79
78 4 79
79
*4
4k *4
4k
•128 130 *128 129
73
72
72 k 73 k
-734
8
*7k 8
275 280 *275 280
192k 192k "191 192H2
*2k
•110k
112
25
89
89
*8
8k
129
k
128k
114
25k
89k 89k
25k 26
26
90
*8
•
STOCKS
-90
*
30
100 k
114
*112kH6
Friday
19
EXCHANGE
Sept.
3
• •50
2 3 82
18k 18 Hj
8
*7
8
-65
2 3 32
•60
-60
-7
2ka
•17 -2 20
*17
58
58
68
•49
49 k
49 "a
140
140 k 141
•116 117 -116
2i 10
20
58
18
*7
18k
8
*17
20
Week
17
Lowest
Highest
-
. .
NE
:
.
Last Sale
•90
30
100
110
29 34
101
•110
"112
'112
30
101
113
114
J'ne'02
Last Sale 2k
30
West End Land
West Telep & Teleg.100
100
Do prof
Westinj; El & Mfg..*. 50
Do pref
50
'02 Wollaston Land
5
Alining
101
113
114
Jan
21
.
'
17
Lowest
H
72 k Marll 1-12 k Apr 15
26 k Marll 83 k Apr 4
116 91 Feb28 106 k Apr 4
226 86k Jan 11 115 k Apr 9
8 89 Jan 29 117 Apr 9
Ik Jan 27 1 34 Jan 17
3,210
no
4,791
Jan 14
2 AuglS
61 k Mar25
2 Feb 28
18
24kApr2S
4 34 Mar 3
78k Feb 1
334
Apr 8
9k^ar27 10kJ'lyl4
426
24
J'ly 14
3
k Jan 14
May 9
4234 Jan
90k J'ne
May 107 k May
Jan 265 Apr
80
251
159k Jan 190
238
J'ly
189
168
Dec 200
Feb 76
297 May
143 k Jan
126 Jan
198 Jan
160 Jan
276 Jan
139 Jan
166 Jan
24 Jan
J'ly
Apr
Apr
Apr
Apr
248
307
162
135
J'ne
Apr
200k Nor
165 Deo
May
Apr
Nov
286
148
173
45
77kJau 96
J'ly
J'ne
29k May
Feb 217kJ'ne
Jan 173 Nor
13k Jan
201
163
223 Jan
205 Jan
30 Jan
70 Jan
87 Jan
42 Aug
98 J'ne
78 k Jan
82 Jan
172 Not
92 k Jan
110 Jan
17 Feb
40 k Dec
150 Aug
20 Oct
79 k Dec
334
28
Jan
Aug
103
Dec
112
Dec
Jan
151
14
231 J'ne
212 k Apr
95 Nov
89 Nor
120 Deo
61 Deo
108 Dee
132 k May
99 May
173k Aug
99 Apr
118k Apr
24k Apr
48
155
J'ne
Aug
34k J'ne
91 J'ne
11 Mar
33 Jan
152 k T 'na
130 J'ly
82 May
1
lan
Oct
70k M ar
83
J'ly
434
4 Feb
129 k Nov 140
20 Oct 39
Nov
7
9k
Jan 270
184k J "I' 288
217
()ct
Aug
Mar
Feb
Mar
Deo
Feb 182 3 Nov
153
i
Ik Dec
101k Aug
3 34
103
Dec 99
88
4k Nov
15
127 k J an 146
Jan 225
9
534 Oct
100 Dec 110
25 k Deo 29
27 Jan 29
198
Nov
2
5
Mar
Deo
Jan
Jan
Apr
Oct
Jan
Mar
Aug
May
Alar
Sep 137 Mar
30k Feb 48 k Nor
23 k Jan 30 Sep
73
May 16k May
Jan 83k Au «
9
74
34 Jan
82 k J an
lSkOot
40 Dec
33 May
86 k J'ly
kOct
35
Jail 31
tfaxlO
Jan
Jan
54
66
3
4
;
54 k Apr
lk May*
13, Fel>
69 k Jan
61k Oct
2 Nov
9 Feb
29 Dec
3 k Dec
150
2 Jan 2
5 k Sep 10
50
46 526
•10
510 11
7
A
Apr
11
Ja
Jan 20
•50
2ke
Apr28
5
10 k Mar
650 Feb
1
1
Jan 20
MarlO
•12
28
8 a4 May 3
2 Jan 8
2k J'ly 8
19k
89 k Deo
91
Deo
33
Sep
lk p el>
Nov
Jan 31 50c. Dec
1
22 Jan 23 36 May 8 24k Dec
718 20 k Jan 17 39 34 A pi 21 15 k Ja^n
Jan
1
150 •40 J'ly J, lko ^Mar 6
•50
250 •25 Apr 24
Cochiti Tr Co recta.. 10
2
2ke Cons Mercui Gold... 5 5,099 17Ik Jan
Sep 17
20
16
25
•17
20 Continental Zino
Marl
7
59
59 k
00
Range
Con
Col
3,291
43k
59
59 Copper
Daly- West
51k 5lk
18k Mar 1
141 142 -141
100
350 54 Jan 2
Dominion Coal
i'42
114kJ'ne23
Last Sale 116
100
Do pref
Sep '02
3
Ik Jan 10
River
12
2,525
*2k
3 Elm
3
10 Aug28
10 34 1034 »10k
375
Franklin
25
11
500
*3 34
*3k 3k
2k J'ly 17
37, Guanajuato Consol..
14 k 14k
toyale (Copper). 25
135 HkMay20
2ka
17
Highest
"i'2'6
4,
2ke
Range Tor Previout
Year (1901)
1
Railroads
3
'-'he
Range Since January
1902
'
•50
2ka 2k
the
Shares
21 3
25
21k
21k Adventure Con
*2k 3
Allouez
25
3
*2k
68
68\
68 34 68 k
Amalgamated CopperlOO
68 k
68k
Last
Sale
2k
Sep '02 Amer Gold Dredging 5
11 13 Last Sale 2k
Am Zinc Lead & Sm.
12
Last Sale 25 J
Sep '02 Anaconda
5
6
4k 4 34 '4k
Arcadian
25
*-50
Last Sale 50
1
25
J'ly '02 Arnold
•27
27 k
28
28
25
27
27 Atlantio
HinshamConMin&S
50
80k 30 34
*30k 31
30 k
30*4
*-75
*-75
•85
-80
*-75
Bonanza (Dev Co)...
•85
Last Sale 5
3
Apr '02 Boston (Quicksilver)
(Ltd).
*5k 5k *5
British
555" '"." •555 660 555 k 5556 k CalumetCoram
& Hecla....
Last Sale •10
10
j:ne'02 latalpa (Silver)
•!>
18
18
'IS
18 H
*17k
18k Centennial
-7
Last
Sale
oil
central
8
Sep '02
7k
21k 22
of
1
Weekly and Yearly
95 Atch Top & Santa Eel 00 3,474 74k Jan 27 96k Sep 9
103 k
Do pref
620 95kMarl2 106 Sep 2
100
260
260 Boston & Albany.. ..100
260
38 259kJ'uel4 266 May 9
156
155 k 157
157 k Boston Elevated
100 1,863 zl50 Aug29 173 k Marl
243
243
Boston & Lowell
2 36 J'nel3 248 Apr
100
198
193 Boston & Maine
198 198
38 191 Jan 2 209 Apr 28
100
Last Sale 177
J'ly'02
Do pref
172 Jan 13 183 Apr 2 6
100
Last Sale 305
Sep '02 Boston & ProvidencelOO
297kJ'ne20 307 Mar26
21 152
157k 157 k
Feb20 172 Mar26
CnicJuncRy&USYlOO
Last Sale 127" Sep"'02
Do pref
126 Aug28 136 Mar26
100
Last Sale 199
Aug'02 Con & Mont Class 4.. 100
199 Aug 12 202 Jan 27
Sep '02 Conn & Pass Riv pref 100
Last Sale 160
160 .T'ne23 166kFeblO
Last Sale 288
J'ly '02 Connecticut liiver..,100
285 J'ly 1 295 Feb 6
142 k 1421,
101 142 Jan 24 148 Marll
Fitchuurg pref
100
Last Sale 1 78 k Aug
-„ 02 Maine Central
100
172 Jan 7 178 k J'lv 10
38 k Mass Electric Cos
38 k 38 k
38k
100 1,637 33 k Jan 28 45 k Apr 21
96 34 97
157 92 Jan 13 99 J'ne 6
96k
Do pref
96k
100
Last Sale 2Sk Sep '02 Mexican Central
26 Jan 15 31 Mar31
100
234
234 234
23 1 N Y N
143 210 Jan 31 254 Apr 28
<fe Hart.. ..100
Last Sale 27ik May '02 Northern N H
170 Jan 14 175 Jan 3
100
Last Sale 235
Aug;'02 Norwich & Wor pref 1 00
230 Jan 9 238 Apr 3
211 211
11 208kJ'nel8 217 Apr 4
Old
Colony
100
81
82 k "84"
84 Pere Marquette
100 1,216 68 May20 85 k Sep 10
85
85
203 79kMayl9 91 J'ly 30
84% 86
Do pref
100
*70
74
41 70 Sep 12 125 k Apr 23
72k 72k Rutland pref
100
*85
5 58 Jan 8 90 Mayl3
86 k Seattle Electric
86k •85
100
104 k 104 k
46 104 k Sep 17 110 Marll
Do pref
100
1
110
3,695
110k
110k 111k Union Pacific
98 k Feb 28 113 Aug26
100
92
92 k
69 86k Marll 94kAue29
Do pref
100
Last Sale 175
Aug'02 Vermont & Mass
172 Jan 15 178 J'lv 14
100
933, West End St
95 k 96
z93 34
276 9334 Sep 19 99 Mar 18
50
Last Sale 112
Sep '02
112 Sep 12 117 J'nel6
Do pref
50
Last Sale 28\ Sep '02 Wisconsin Central. ..100
19 k Jan 28 34k J'ly 29
Last Sale 55 k Sep '02
Do pref
100
39k Jan 28 55 k Sep 4
Last Sale 150
Aug'02 Wore Nash & Roch.,100
148 k Feb 11 152kMayl2
.Miscellaneous
24
25
24k 24k A.mer Agricul Chem.100 2,859 21 Jan 16 32kJ'ly29
88
89
89
423 81k Jan 2 91 J'ly 29
Do pref
100
88k
8
907
8k
8k
9\ Amer Pnen Serv
4 Jan 21
50
9k Mav'22
29
30
91 21
30k
k
30k
Do pref
J'nel9 3734 Mav22
50
130 34l31k 131
131 Amer Sugar Refin
100 13,433 116k Jan 6 135i8 Mar31
"121 12134
131 115 Jan 4 123 Sep 4
Do pref
100
171kl72k i'72" i'72k Amer Telep & Teleg.100 2,412 155 Mar 1 185k Apr 4
15
15\
16k 15k
Amer Woolen
100 1,685 13 Apr 23 17 k Jan 7
78
80
654 73 Apr24 8034 Jan 2
79k 80
Do pref
100
*4
*4
4k
334 May 5
50
4k Boston Land
10
4k May 6
128 128
68 122 k Apr 4 l30 34 Apr30
Cumberl Telep & Tel 100
'75
"74
7,325 25 Jan 15 79kAug20
74k 75k
k
Dominion Iron & St..,
400
7 34
7k 7k
7k East Boston Land
7k J'ly 24 9kMar27
*273 ....
278
278 Edison Elec Ilium. ..100
10 244 Jan 2 285 May 9
194 194
194
168 .183 J'ly 26 332kApr 9
195 General Electric
100
183kl83k
25 170 Jan 2 190 Sep a
Mergenthaler Lino.. 100
2i.
2k
470
10
2
e
2 Jan 6
Mexican
Telephon
k
"2k
3k Apr 7
Last Sale i06k Mar'02 Minn Gen Elec pref. loo
103 Feb 7 106k MarlO
*
88
42 88 Sep 5 93kJ'nel6
88
Cotton Yarn prei loo
4» 16
434
5
4k
N E Gas & C Tr recta. 100 2,977 2k J'nel9 7kMai'20
_. 136
*141kl43
141
141 N E Telephone
Jan 2 151 Apr30
100
40
40 34
206 30 J'lj 22 41k Sep 10
40
40 Plant Comp new rectslOO
241 241
59 216 Jan 7 250 J'ly 21
PulimanCo
100
Last Sale 9
Sep '02 Reece Button-Hole.. 10
6 Jan 28
9k J'ly 18
163 164
8o7
164
100 Jan 9 177 J'ly 28
Swift
100
164H
& Co
Last Sale ?6k Sep '02 Torrington Class A.. 25
26kMin 17 27 Jan 2
"25 28 Jan 23 29 k Sep 17
*29
30
•29
30
Do pref
25
Last Sale 2
lkAugie 2 k Mail
Sep '02 Onion Cop L'd <fe Mg. 25
115
115k U6
115k United Fruit
100 3,540 85 k Jan 8 116kSep 16
*55
55 k •55
46 Jan S 57k May 1
65 k United Shoe Mach... 25
412 29 Jan 2 33k Apr 28
31k 31k •31
313,
Do pref
25
Apr 2
675 Ilk Jan 25 N
100
13k
14k US Leather
50 80k Jan 22 Oil', Se)l 9
89 34
893,
Do pref
100
Last Sale 76k Aug'02 U S Rubber
100
13k Jan 25 18kAprl4
Last Sale 58 k Sep '02
49 Jan 2 62k Alar25
100
Do pref
41
41k 41k
42 US Steel Corp
100 3,961 36kJ'nel9 40 '4 Jan 7
91"
87kJ'nelo 97 k Jan 7
1,632
Do pref
100
*90k
92
91k
1
18 '4 18 12
Sales
BOSTON STOCK
93 k 94 Hi
93 k 94 4
94k 94k 94k 94k 94k
103k 10338 103k 103k 103 k 103 k 103 k 103 H 103k
93k 94k
103 k 103 k
•260 ....
155 156
244 244
199 1 99
97
Tuesda y
16
Sept.
Sept.
4
.
66k Aug
129kJ'ne
SkJ'ne
18 Apr
53 Apr
24k Mar
53,,
Alar
43 sep
43 k Aug
lTgMar
1
7k Jan
011k Oct 23 k Jan
535 Dec soo Mar
12 Dec 22 k Apr
5kMay
lOkDec 34 4 Jlay
8 Aug 13 Feb
l 3 Dec
13k J an
4 Apr
1 k Nov
.,
J'ly 26
Apr 12
J'ly 8
sep 5
44 Dec 55 k Deo
28 Nov 41 J'ne
32 May 53 k Deo
140
Jan 120 Dee
Jan
23
108
119
117 *T16 117 *11U 117
7 Mar
"2 34
2 Dec
*2 34
SkMar 1
3
3
*2k 3's
10 '» 10k
11
10 k 10 k
10 34 11
11
16k Feb 3 Ilk Dec 26 Mar
«334
*3 34
5kJ an 3 4 Dec 8k Oct
334
S\
3 34
-3k 3k
3's
14i2
25 Feb 1 18k Dec 66 k May
•14
13k 14k
-13k 14
13k 14
16
17
17
17 H
25 4,877 15 34 Jan 16 21k May 9 11 Jan 37k Sep
17 k
17
17 k 173s
17k 18
lt',3, Miss Consol
"l6 3i
lkJ'ue
•2
2 Jan 28
6k Oct
2
2
2
2k
*2
160
2
25
3k Mar 4
2k *2
*2k 2 >4
2 k Mayflower
6 Jan
4 Jan 8
4 Aug
3 Jan 6
Last Sale i
15
Jan '02 Merced (Gold)
3
Sep
Feb
20
MarlO
65
cl9
Jan
16
4
<H3k
Ilk Ilk
25
12
Ilk
96
12
*HHi 12
•Ilk 12
Ilk Hiohigant
Jan 14 49' Sep 9 622 Jan 56 k Sep
48
47
48
945
17
47
47
Mohawk
47 k 48 k
26
47
47
*47k
7 Jan
4 Feb
3 J'ly 25
6 k Si p 18
*4
4
4
4k 5k
4k *4k 4k
6 ij Mi.ntanaCoal&Coke 25 1,475
*3k 4
5k
5kl )e0
1T8 J'ly 22
4 34 Mario
8ia
Montreal & Boston.. 5 1,130
4k Dec 43gAug
33b
3%
*3k 3k
3k
3k 3i3
3k 3k
33a
3k
3
Jan
3
3
"1
Jan:;
*1
50c.
*1
1
Jan 25
•1
1 4 Last Sale 2k
25
Ik
1 4
1 4
1 4
Sep '02 National
*2 34
3 Aug
4 k Mario
'2 34
Last S ale 3
5k Oct
2kJ'ly 18
•2 34
3
3
25
3
3
"2k
Sep '02 nd colony
17 k 17 k
400 17 Aug27 25 Feb 1 20 k Dec 38k Mar
L8
17
17 Hi *17k 18
*17k 18
Old Dominion (Cop)
lb
Sep
Doc
120
•69*"
Feb 1 72
60
25
61
127 55 A
*59
60
"60 k Osceola
60
60
61k 01k 60
60
*26
34 Feb 1 27kDec 58 Apr
72 243, \
28
27 k
,:,nott(SUv& Copp) 10
28
28
28
28
*26k 27k •26
26 k
27k
*434
May 11
3 k May
5
8k Sep
•
3 k Feb 27
5
5
5
5
5k
25
5
5
6
4 34
5 k PhiBuix Consol
125 Dec 87 Apr
147 Fell
125 129
128 130
110 125 Apr
130 130
25
•125 130
125 130
127
128 Quinoy
Feb
;;
:.
Deo
Mar
1 k.l'nel 1
3
20
3
*2k 3
Rhode Island
26
3k
3
*2k 3
3
*2k 3
3
*2k
1
*17.H
2k Deo 10k Apr
Ik 1 34
Ik Ik •Ik
2
2
Ik Ik
Ik >antaFe(Gold<feCop) 10 3,570 Ik'-' 27 •504 Feb
Mai 17 50 J'ne 2kJan
Last Sale 50
50 Jan
Apr '02 -<anta Ysabel (Gold). 6
18 M
9
non
10 1, I5H
10 k
1
10
103.1
10k 10k
11
10k 11
10 k
10k
230 Deo 363 Sep
VIay28 !81
175 k 180
amarack
26
175
•175 180
175 175 4 179 k 179 k 176 177
170
1-eb
2i 2
3kJ'nel8 •62k Deo
50 Jan 6
*2
-2
25
•
2k
2k Last Sale
Sep '02 Teoumseh
2k *2
Jan 58 Sep
25
26 (234 Jan 2
05 100 *95 100 3 95 95 •95.3 loo *95
Drlmountain
•95 100
100
J'ne
Deo
41
10
d"at 3
830 11 Aug25
26
Ilk 11 H2 1 4 113,
12
Ilk Ilk Ilk
4
12
Ilk Trinity
:> is
100
16 30 Sep 17
30
*30
30
United Copper
32
"22"
''
24 Apr
9kJan
22'
s
'22
"22
1:;',
.Ian
11
tr
22'
"22
25
3,360
8
21 8 22*8
22
8
k
2l°8 21k
22k 22 k
k
k U S Mining v OtfS.
19 18k J'ly 34
10 k 10 Hi
16k 10k 16
10k 16 Hi 10k 16 k
10k
16k Unit States Coal .tOil 2fi 1,456 15k J'ly
22 k 22 k
19k J'ly 14 27k Feb 1 18 "k Deo 37 k Mar
22
Utah Con (Hold) trrc4-85
22 k 2214
22
21k 21k
22
22
3 k May 12 Sep
*6»4
6'8
175 4hoJ'nelO d6k MarlO
•534
26
6
6
6
6 k \ ictoriat
*6k 6
Ik Dec 10 Feb
Jan 14 6 Aug 15
4
25 2,020 .'
•4
4k
4 k \s inonat
4k 4k
4k
4k 4k
4k
4k *4
8e;
08 42 Jan 14 01k Sep 15 44 Deo 73 Sep
59
26
69
59
58
•61
60
69 k Wolverine
01 Hi 61 Hi »58
B9k
...
3
May 2*.s Feb
1
1 4 J'ly 30
*1
675 75 Jan 21
26
Ik
*l
...
Ik
Ik Wyandot
Ik Ik
Ik Ik *1
d Before pay't of assess' ts oalled during 1902. *Bld and asked prloos. UNewstook. t Asaeasm't paid.
"t> iieioie pay't of aeeeas'ts called during 1901.
52
69 k
59k 69
51k 53
51k 52
140 k 140 k 141 ....
58 34
64
56
1
:
Hk
Uk
<m
1
1
1
i
1
1
1
U
I
1
2h
H
Uk
I
<
1
1
1
1
1
5
SEPCEMBER
J
%
3
BONDS
—
1908
•Vm Bell Telephone 4s
TelepA Tel ooU tr 43.1929
i.r;isk;l 1st 78..1908
g lS..199o
isi'nuut jr4s...-J*lyl995
4s
190(
Boston & Lowell
Am
Boston
is
d
Mon
v
Bur A MoKiv ex 0s
Non-exempt 6s
.V-
fund 4s
Boston 1st 0s
Ceilar Rap
ad 7s..:
<fc
Mo K
1st
97%
W
Q
coll tr 4s
Sale
•
4
93
99
99%
J-J
9934
99"8 99%
104 104
"s;{"
Aug'02
50
119%
105% J'ly'OL
F-A
105%
99 78 100
J'ly '02
J'ne'01
991-;
ilS"
J-J
'.'.'.'.'.'.
J-J
Sep
J'ne'02
110
110
Sep '02
12S
99 Aug'02
128
128
130%J'lv'o':
90%
85
102
104 34
104
104%
100
101%
107%W7
1 ->
108%los%
99%loo%
101 4 102%
'02
101
101%102
ASionxC 1st 7s. .1917 A-O
Kan COllnA Spr 1st 5s... 1925 A-O
KanCFt S & Gulf 1st 7s„1908 J-D
Ft Scott .a-
M 6s
Kan CM & B gen 4s
Income 5s
—
J-J
J-J
Sale
108
99
128
128 34
109
109
127%
109% 110 109%Aug'02
J-D 109% Sale 109% 110
J-D
109 % Mar'02
M-N
A-O
A-O
A-O
M-S
M-S
M-S
M-S
A-O
A-O
Apr'02
115
105% 107
111'.!
Sep
110
138
138
95
J-J
1 921
1921 Q-J
132
11
93
A-O
A-O
A-O
118
82
J-J
1
84
113 Aug'02
105 i.i 105%
128 J'Iy'02
105 14 May'01
118 Sep '02
82
82
92
10S
113
105
128
95
111
118
4
118
115%
105%
ISO 3*
84%
30% 3534
20% 24%
81
31% Sep '02
21% J'ne'02
87%
1T87%
34
23
l
99%
97%
98
93
92 3 i May'02
82%
4-' !
1
120
3l
110% J'ne'02
J'ly
J'ly
106
05
114
J'ly '02
125%
99% Aug'02
I
Maine Cent cons 1st 7s.. .1912
1912
Cons 1st 4s
Marq Hough & Ont 1st 68.1925
Mexican Central cons 4s.. 1911
Jan L939
lstconsinc3s
Jan 1939
2dconsinc 3s
1929
MichTeleph cons 5s
Minne Gen Elec con g 5s 1929
Yarn
1929
5s
Cot
New Eng
New Eng Gas & O 1st 5s. .1937
I
125% 12t 34
Old Colony Tr Co ceots
87% Sale
88
ff88
104%.
104 Mar'02
104
F-A 103%
103% 103% 2 103 104%
J-D
68 Sale 1165
68 110 52
08%
1906 A-O 104
104 104
104 Apr'02
NewEngTeleph 6s
105 105
1907 A-O
105 Feb '02
6s ......
105 Sep '02
1908 A-O 105
103 105
Os
107 4 May'02
1915 A-O
107 % 107%
5s
1905 J-J 100 a4 Sale 10634 106 34
10634 10934
N Y& N Eng let 7s
'
1905 J-J 104% Sale 104% 1
104% 107
1st 6s
1924
F-A
112
4s
May'01
gold
Colony
Old
1023 t Mar'02
10234 10234
Oreg By & Nav con g 4s. .1946 J-D
1922 F-A
125-1 J'ly '02
125 128%
Oreg ShLine 1st g 6s
110
IIOI4
1st sf 6s.. .1919
1902
Rutland 1st 6s
Rutland-Canadian Ist4sl949
930
Seattle Elec 1st g 5s
1918
Torrington 1st g os
Union Pac RRcfelgr g 4a. 1947
1911
1st lien conv 4s
1903
Vermont & Mass 5s
115
1
'02
J'ne'02
J'ly '02
95%
J-J
J-J
Wednesday
Sept 17
Tuesday
Sept 16
J-J
M-N
J-J
102
F-A
107
100
J'ne'02
J'ne'02
106% 107
100 101%
102
Mar'02
Sep '02
102
105
100
106
M-S
10S34 J'ly '01
J-J
96% Wisconsin Cent 1st gen 4sl949 J-J
96% Wisconsin Valley 1st 7s. .1909 J-J
94
94
9434 J'ly '02
the purchase price for
all
Boston Bonds.
No prioe
"
Friday
Exchanges— Stock Record,
ACTIVE STOCKS
Sales
the
0/
Sept Id
L3
98%
M-S
Marl93 Spl
1934
131% Repub Valley
105% 107
109
109% 109
100% Mar'02
lll%May'02
137
137
101%
Share Prices—Not Per Centum Prices
Monday
l
125
Thursday
Friday
Sept IS
Sept 19
{For Bonds and Inactive Week
Stocks see below J
Shares
;
103»4
107
103% 103%
104% 113%
103% Apr'02
4
M-N ii"6% ill" 110% Sep '02
99% 101
M-N
100
100
109% 111
Kill's J'ne'02
109 111
West End Street Ry g 5s. .1902 M-N
1914 M-S
100% 100%
Gold4%s
108 J'ly '02
1916 M-N
110% 11114
Gold de benture 4s
104% Aug'02
1917 F-A
Gold 4s
138
139
103% J'ne'02
138 138
Western Teleph & Tel 5s. 1932 J-J
105% 105%
105% 105%
99% Sep '02
100
111
99
110
108
110
IO914 109 %
Philadelphia and Baltimore Stock
Sept 1J
io5%ib"7" 105% Sep '02
1928 M-N
J
A-O
Note— Buyer pays accrued interest in addition to
Saturday
Hi ah .Xo Low High
L02 J'ly '02
101 102
10134 Sep '02
101 102
132 ''s J'ne'02
132% i.;:i%
Kan C & M By & Br 1st 5S1929 A-O iio
"99% KanCStJo A C B 1st 7s. .1907 J-J 113
S2% tj K<fe Ft Sm Id gr 1st 7s... 1905 J-J 110
;-'i 7s
108% Apr '02
M-N
M-S
deben 5s
1910 J-.T
Non-convert deben 5s. ..1913 A-O
KanC
Sep 'in
L25% Aug'00
88% 88 Sep '02
102% 102% 102% Sep '02
110 Apr 'ill
95%
104 J'ne'02
107% Mav'02
100% 101 14 101 Sep '02
Q-F
Sir
Janui
ia Palls
13s
A-O
A-O
M-N
Range or
Last Sale
Low
iba"ib3«B
91%
Apr*02
100
100
Ranr/e
Friil at/
Sept 19
rilinois Steel
100
.".
80
119%
.
W
11
17
% Aug'01
97%
1
Price
^
No Low Jliqh
991.1
Jan '02
L04
A-O
7s. 1910 M-N
191
SW
<fc
Siali
993a
1
|j-D
B
% Sale
J-J
l'.Uti
Registered 4s
Low
99%
'i
BONOS
^£ January 1
Apr'Ql
Cent Vermt 1st g4s..Mayl920
L903
ChieBiuUfc Q 1st 7s
1919
Iowa Div 1st 5s
1919
Iowa Div 1st 4s
1913
Debenture 5s
1922
Denver Exten4s
1927
Nebraska Kxten 4s
1921
si
4s
BA
1949
Illinois Div 3 •as
Join1 bunds See Gt Northern
58.1915
Stk Yds
Chit
Coll trust refunding g 4S1940
Ch Mil iV; st P Dub D 6s.. 1920
Ch M <v- St P Wis V div 0sl920
Chic & Xo Mich 1st gn 5s. 1931
Mich gen 5s
1921
Chic AConcord & Mont cons 4s. .1929
Conn & Pass K 1st g 4s. ..194:;
1927
Curreut BITOT 1st 5s
1st 4s. .. 1946
Det Gr Rap &
1913
Dominion Coal 1st 0s
1900
Eastern 1st gold 6s
1904
Fitchburg 4s
1927
4s
Frenit Elk & Mo V 1st 6s.. 1933
Unstamped 1st 6s
1933
Gt Nor C
Last
1944 J-J
1942 F-A
53.1939 J-J
1939 J-J
1918 IJ-J
villi;
601
BOSTON STOCK EXCH'GE
WEEK ENDING SEPT 19
since
104% Apr'00
F-A
1st
J
1
Range
J-l>
M-N
ii
But t e
Ms
...1904
Boston Terminal
United Gas
Sept 19
99
99
1st 3%8.194'i
3d
Ra n
Deo '01
119
102% i'02'% 102% 102%
sop "02
97%
i
Mame4%8
J-J
J-J
Week's
Price
Frin'a v
A-O
Not
,
1
1
Boston Bond Record
20, 1902.]
BOSTON" STOCK BXCH'GE
Wei k. ending Sept 19
<ft
1
100
100
100% 1007.
108
107
104% 104%.
103% 103%
103 34 106%
11
87% J'ly '01
HO 3! Mar'02
latest bid
Daily,
and asked.
Trust Co.
ctfs.
Weekly, Yearly
Range Since January
1902
1
Highest
Lowest
II
11934 11934
Range
tor Freviovt
Year (1901)
Highest
Lowest
Baltimore
73
32% 32%
51% 52
32% 32%
51% 51 4
15
15
73%
•73
73
32^4
32'.,
51 34
51 7S
73% 74% *74
125
125
74%
435 62% Jan 28 74% Sep 18
10 104 Jan 7 125% J'ly 29
*32% 32% Seaboard Air line
100 1,931 23 34 Jan 24 34 34 AuglS
*51% 52 4
Do pref
100 1,725 44 Apr 2 55%Augl9
*15% 15% United Ry & Electric. 50
435 14% Jan 27 17 Marl5
*125
32% 32%
*51% 52%
15% 15%
15% 15%
15
15
73
73%
124 3i 125%
Consolidated Gas... ....100
50
125% Northern Central
9 34
%
27% 27%
2434
'-'4
i
73%
*78
73% 73 %
*78% 80
80
35%
27% 2734
24% 2434
73% 73%
27% 273.J
24% 24 \
:;
35% 36
3534
%
%
•4
83% 83%
49% 49%
8%
8"l8
14% 15
"78
80
3534 36%
4%
4%
83%
49%
4934
8%
82
49%
8%
8<>ie
15%
36% 37%
•44
44%
15
15
839ie
4934
813ia
15
74
733«
*78
80
4%
4^18
7
16
16
39
33
PHILADELPHIA
47% 47%
American Cement
10
AmerIron<fe Steel
50
American Railways. ..50
7%
50
Cambria Iron
50
Camden & Trenton
10
Central Coal & Coke. loo
Preferred
100
Consol Trac Pitts
5u
Preferred
50
Danville Bessemer... 1%
State Steel
Preferred
734
4%
54
53
77
Ben Telephone
Easton Con
%
1%
3%
9% 9i%
Preferred
100
50
Harrison Bros pref... 100
N
1
1
1
Susqueh Iron
48
75
65%
10
100
25
50
50
Steel. 10
Bid and asked prices
Cit St Ry (Ind) con 5s '33
Col St Ry 1st con 5s 1932
Con Trac of J 1st 5s. '33
E & 1st if 5s 1920 M-N
Elec & Peo Tr stk tr ctfs
Elm & Wil 1st 6s '10.J-J
Income 5s
2862. A-O
Eq II Gas-L 1st g 5s 1928
& B Top con 5s '25 A-O
Indianapolis Ry 4s. 1933
Lehigh Nav 4%s '14. Q-J
RRs 4a g
1914. Q-F
N
Consoles 1923
J-D
Annuity 6s
J-D
Leh V Trac lst4s'29.J-D
Nat Asphalt 5s 1951. J-J
New Con Gas 5s 1948 J-D
6
Newark Pass con 5s 1930
50
103
NY Ph& No 1st 4s '39 J-J
MX
2%
6%
283%
2 J4
6 34
44
52%
Preferred
Warwick Iron &
West Jersey & SeaSh.50
Westmoreland Coal... 50
*
D Can 1st 5s '10 J-J
50%
Income 4s 1939. ..M-N
178% No Penn 1st 4s '30..
97% 98
Gen M 7s 1903
J-J
5% 5% Penn gen 6s r 1910. .Var
ic Steel..
Tidewater Steel
United X J BE & U..
UnitPow & Trans
United Trac Pitta
6%
;
no
4934
93 ie
9%
1534
16%
30% 36i5 le
43% 44
39% 6 39<Sie
4734
48
114% 114%
Bid
34
111% 114%
90
95
110
126
7
6834
sales
Consol 6s c 1905. ..Var
Consol 5sr 1919. ..Var
Md Steel con Os.
Y Can 7s '06. J-D
Con 5s 1939
A-O
Con 4s 1939
A-O
Penn &
Pa & N
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co lst& col tr 5a'49 M-S
on this day.
110%
115
98%
pref
2,875
3,909
7,234
68,496
16,844
34,209
Ask
125
51
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S
10
61
115
47
102
50
174
8438
Do
117
98'4
1
M
% Sep 13
7334 Jan 14
46
Jan
3
2% J'ly
3,828
4,009
1,459
50
2% Jan
%Mar
Mar 31%J'no
20% Dec 38% Apr
40 Feb 80% J'ly
62% Jan 79% Apr
28% Jan 39% May
9
1
Jan
Sep 4
19
7% Jan
8% Feb
3% Dec
%Dec
4% Dec
16
81
Feb.
Apr
54% May
8% Feb
19
3
12 % Jan
3 34% Jan
Jan 14 405i 6 SeplO 19 Jan
Jan 6 48%Augl4 24%J'ne
101%May28 126 Feb " 113 Sep
24 Jan 31 40%Mav29 38 Dec
72% 73
18% Mar
15 34
30
32
Ask
5434 Sep
%Dec
%Apr
69 May
50% Apr 30 40 34 Jan
85
3% Jan 27 9% Sep
8% J'ne20 16% Sep
26%Marll 393 16 Sep
284 40 Mar 6 45% Sep
Bid
Phil Elec gold trust ctfs.
Trust certifs 4s
P <fe E gen
5 g '20. A-O
Gen 4s g 1920..AcfeO
Ph <fe Read 2d 5s '33. A-O
23
Dec
14
Apr 28
Mayl7 28% Sep 19
21%Mar20 36 Apr 29
66% Jan 3 80% Apr 29
71 Apr 15 7934 Sep 9
50 4,460 33% May 17 38% Jan 2
500
....100
2% Feb 3 5 AuglS
539
50
% Sep 15 1%8 Feb 7
50
Pennsylvania RR
.. 50
Pluladelp'a (Jo (Pittsb) 50
I'hiladelpliia Electric. 25
Phila Rapid Transit... 50
Reading
50
Do 1st pref
50
Do 2d pref
50
Union Tracton
50
United Gas Impt
50
Welsbaeh Co
100
Bethle Steel 6s 1998. Q-F
Gen M 4%s g.1924 .Q-F
10% Leh V C 1st 5s g '33.. J-J
5%
109%
1%
12234 123%
26
26%
H
Fair. .50
1%
83%
49%
Lehigh Valley
4 34 MarsdenCo
% National Asphalt
36
E ext 7s 1910 A-O
Asphalt Co 5s 1949 tr ctfs
Atl City 1st 5s g '19. M-N
BaUs Ter 1st 5s 1926. J-D
Al Val
A
Germantown Pass
Preferred
50
Indianapols St
ioo
Inter Sm P & Dynam..50
Lit Brothers
10
Little Schuylkill
50
Mineluil <ft Sohuyl H..50
Nesquehoning
50
Haven iron ,t Steel.
North Pennsylvania.. 50
Pennsy v. nia Salt
50
Pennsylvania steel.. 100
Preferred
100
Phila Co Puis,, pref.. .50
Phil German & Norris.50
Phila Traction
50
Railways General
10
%
Choc& Me 1st 5a 1949 J-J 116 118
Ch Ok & G gen 5s '19 J-J 110% 111
%
Electric of America... 50
Elec Storage Batt
100
•4%
*33
33
Che &
67%
80
.
28%
24% 24%
73% 74%
79% Lehigh Coal & Nav .... 50
"3*5"%
Berg&EBrw 1st 6s'21 J-J 108
48
Electric... 50
Hestonv Maude
11334 114
Bonds
Inactive Stocks
Diamond
r
PHILADELPHIA
Ask
Bid
79i..
15
15% 15%
15%
3634 36% 30"i 6 36l6 18
43i%
•44
439 16
44%
6
39%
39
39% -39
!
•37
74
%
%
83%83i5 le 83"ie 84
3
49% 49 4 49% 493,
81*18 9 3 16
9% 9%
30 'a 37's
30% 36 76
44% a 44% 8
43 34 43^i
*39% 39% 39%3913 16 39
39 %
47% 47% 47 i 47 14 47% 47% 47% 47%
112% 112% 112%11234 112%112% 112% 112 '4
% Sep 17
712
50
pref
50
Cambria Steel
50 14,230
Consol Bake Superior. .100 4,521
Do pref
100 1,502
28
35% 36
4% 4%
%
%
1
1%
35% 36%
Ameriean Alkali
Do
28%
24% 24 34
24% 24%
73 34
'%
28
28
•78
7
8234
%
%
27 34
30%J'n«
Jan
24% Jan
Philadelphia
%
65 34 J'ly
Jan
58
88% Jan 106% Deo
28% Deo
41% Deo
32%Deo
37
Jan
128%Jan.
55
Apr
BALTIMORE
Bid
Ask
Chas Ry G & El 5s '99 M-S
90
120
91
Charl C & A ext 5s. '09 J-J
2d 7s
1910 A-O
City & Sub lst5s.."22 J-D
123%
M
114%
108%
City<fc Sub(Was)lst5s'48 100% 101%
Con M7s 1911
J-D 125% 126
Col&Grnv Ist6s.l916 J-J 119% 120
ConM 6s g 1911.... J-D 118% 119% Consol Gas 6s. ..1910 J-D 114 34 115
Ex Imp M 4s g '47.A-0 110
1939 J-D
5s
Con M of '82 4s '37.J-J 107
Ga & Ala ist con 5s '45 J-J 11234 113
Terminal 5s g 1941 .Q-F 125% 126
GaCar&Nlst5sg'29J-J 112
W
119
108
131
& B col tr 48 '21. J-J
Rochester Ry con 5s 1930
S R E Side 1st 5s g '35 J-D
U Trac Pit gen 5s '97 J-J
Welabach s f 5s 1930. J-D
GeorgiaP 1st 6s. ..'22 J-J
115% 115%
GaSo & Fla 1st 5s 1945 J112%
50% 51
G-B-S Brew 3-4s 1951M-S
40
41%
115% 117%
2d income 5s 1951 M-N
BALTIMORE
MetSt(Wash)lst5s'25FA
P
109
112
72
72% Knoxv Trac 1st 5s '28A-0
LakeR El 1st gu5s'42M-S 118%
Mt Ver Cot Duck 1st 5a. 79%
Inactive Stocks
42
43
Incomes
Atlanta & Charlotte. .100
87
Allan Coast L (com). 100 350 352% New Or! Gas 1st 5s. .Var
111
Npt N&O P 1st 5s'38 M-N
Canton Co
100 101
104
115
Norfolk St 1st 5s '44. .J-J
Georgia Sou& Fla...l00
110%
North Cent 4%s 1925 A-O
1st pref
100 101
109% 110
6s
1904
J-J
2d pref
100
82
84
118 120
Series A 5s 1926
J-J
G-B-S Brewing
100
15% 1534
122 123
Series B 5s 1926.... J-J
Mt Vernon Cot Duck
9
9% Pitt
124%
1997.
J-J
Un Trac 5s
Unit Elec L & P pref. 50
38% 40
142
Poto Val 1st 5s 1941.. J-J 117%
87
Bonds
Sec AvT(Pitts) 5s '34 J-D
9
9% Anacostia<fc Pot 5s
102%
Sav Fla & West 5s '34 A-O
Atl& Chlst7.. .1907 J-J 112%
88%
105%
Seaboard A L 4s 1950 A-O
Atl Coast L(Ct)ctfs 5s J-D
Seab & Roan 5s 1920. J-J
Ctfs of indebt 4s
102% 104
South Bound 1st 5s. .A-O 113 113%
J-J
98
97
Bait CPass 1st 5s '11 M-N 109 110
80
90
UE1 L&P lst4%s'29 M-N 85
Bait Fundg 5s. 1916 M-N
95%
110
Un Ry & El 1st 4s '49 M-S 95
70
Exchange 3%s 1930 J-J 110%
J-D
70%
Income 4s 1949
101%
Refuiidin 4 3 %s 1952.T-J
120 121%
Va Mid 1st 6s 1906..M-S 105% 107
..M-S
Balt&
1911.
2d series 6s
107% 108
PlstGs nil'll A-O
1st 6s tunnel.. J.911 J-J
3d series 6s 1916. .M-S
122 122%
Bait Trac 1st 5s.. '29 M-N
4th ser 3-4-5S 1921. M-S
115
Xo Bait Div 5s 1942 J-D 121% 125
5th series 5s 1926. M-S
111%
Convertible 5s. '06 M-N
Va (State) 3s new '32. J-J 95%
115 115%
Central RyOs... 1912 J-J
Fund debt 2-3a 1991. J-J 90%
101
Consol 5s. ...1932 M-N
West N C con Os 1914 J-J
Ext & Imp 5s. 1932 M-S
WesVa C&P 1st 6g'll J-J 114 115
ibi 105
Chas
Wil & Weld 58..1935.J-J 121 1122
City
'23
Ry 1st 5s
111%
J-J i05%
iii
88
)..
1
.
)....
.
...
THE OeRONlCLK.
602
%un£simmt
asttl
[Vol.
LXXV.
l^ailread Intelligence*
RAILROAD EARNINGS.
The following table sbows 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 cr month, and the last two
columns the earnings for the period from .inly B to and including such latest week or month.
The returns of the street railways ore brought together separately on a subsequent page.
Latest Gross Earnings
ROADS
or
Week
Month
Current
Year
$
Adirondack.. . .
Ala Gt Southern
Ala N O & Texas
N O & No East
Ala & Vicksb'g
Vicksb Sh & P.
Allegheny Valley
Ann Arbor
June
lstwk Sept
15,324
40,096
Previous
Year
$
12,88
41,610
July
1
Latest Date.
to
Previous
Year
Current
Year
*
202,216
469,95
Pacific.
August
lugust
August
371.022
79.834
90,989
July
lxc.
2d wk Sept
347,690
146,857
152,368
75,517
177,653
72.512
41,583
351,629
31,665
83,162
6.630
4,763,502 4)596,708
214,917 2.029,824
119,919
44,000
34,597
8.970
$
1
. .
.
PM
W
AM
6,794,421
5,476,085
Gross learnings
(
Mmith
190,628 Millen A So'w'n.. July
424.235 Mineral Range.. July
Minneap & St L. 2d wkSept
298,588 M St P<fe S St M. stwk Sept
145,911 Mo Kan & Texas 2d wkSept
140.431 Mo Pac & Iron Mt 2d wk >ept
Central Branch 2d wk Sept
353,450
2d wkSept
Total
66,088 Mob Jack & K c. WkSept 3 3
4,763,502 Mobile & Ohio..f August
2,854.151 Nash Ch A St La. 2d wkSept
93,591 Nat'l Ry. of Mex 2d wkSept
18,044 Ne, v-Cal-Oregon August
—
St P Minn
\
East, of Minn S August... 3,492,458 2,952,368
Montana Cent'l August...
185.817 164,930
Week
or
32,753
6.056
Ann Wash & Bai. June
AtehTop &SFe. July
4,596,708
225,649
Atlanta & Char.. June
Atl Knoxv <fe No. Augubt..
62,300
16,023
Atlantic & Birin August..
Atl Coast Line... July
/1365.369 H166134 <1,365,369 11,166,134
235,045
269,977
Atl Vaid<fc West. June
21,384
19,325
Bait <& Ann SL.. June
106.523
93,749
9,509
10,113
Ohio
>
Balt&
5,542,967 5,070,081 10,719,592 9,708,949
B & O Soutkw. < August
Bangor & Aroosl July
120,274
108,965
120,274 108,965
2,394
Bath & Hauiuion July
2,406
2,406
2,394
14,928
14,758
Bella Zanes&Cin July
14,758
14,928
Bellefonte Cent'l Auaust...
9,140
4,369
9,312
4,808
Bridgt & Saco R. July
<t,241
4,241
3,628
3,628
Buff Attica <fe Arc May
24.416
25,007
2,704
2,582
ButtRoch&Piit 2d wkSept 153,880 131,674 1,536,198 1,417,536
Buttaio ASusq.. July
66,9-11
62,642
66,941
62,642
Burl C Rap & No May
399,700 399.772 4,959,604 4,559.003
Canadian Pacific id wkSept 820,000 748,000 8,315,620 7,431,006
Cane Belt
July
....
13.821
13,821
6,637
6,637
Cent'l of Georgia lstwk Sept
168,205 130,280 1,513,912 1,298,334
Cent'l of N Jersey July
1,038,917 1,404,737 1,038,917 1.404,737
Central Pacific.. May
1,712,012 1,754,871 18,560,830 17,820.526
Chattan South'n lstwk Sept
24.488
19,835
2,248
1,551
Chesap & Ohio. 2d wkSept 283,011 336,473 2,745,300 3,53 8,931
Chic <fc Alton Ry. July
806,474 827,658
806,474
827,658
Chic Burl A Quin July
4,620,387 4,480,790 4,620.387 4,480,790
Illinois.
Chic A E
1,354.259 1,238 293
2d wk Sept 134,225 121.45'
Chic Gt Western. 2d wk Sept 153,315 144,997 1,484,992 1,645.933
Chiclnd AL'v... 2d wkSent
98,182
92,754 1.033,354
987,069
Chic Milw & St P July.....". 3,661,393 3,582,041 3,661.393 3,582.041
Chic & North W'n July
3,982,051 3,884.652 3.982,051 3,884,652
ChicPeo ASt L.. August...
133,929 123,975
266.242
232,767
ChicRl A Pac... July
»3776307 0279OS58 1)3,776,307 1)2,790,858
Chic St
&0. July. .. 895,250 847,236
895,250
847,236
Chic Term Tr RR 2d wkSept
332.007
35,270
353,101
31,686
Choc Okl & Gulf* 4thwk Mar
89,707
75,378 4,054,742 2,877,751
Cin N O & T Pac. lstwk Sept
97,890
93,500 1.074,446 1,012,733
CICinChA St L. lstwk Sept 375,588 383.660 3,688.894 3,709.048
Peoria & East'n Lstwk Sept
43,195
50,400
478,824
433.704
Colorado A South 2d wk Sept 114,962 105,699 1.240,700 1.119,797
Col Newb & Lau. July
13,614
10,843
13,614
10,843
Col Sand A Hock lstwk Sent
27,4^"
35,602
309,554
254,476
Cornwall
July
8,588
10,663
8,588
10,663
Cornwall A Leb . July
25,449
35,746
25,449
35.746
Cumberld Valley July
100,957
100,957
83,887
83,887
Denv. & Rio Gr.
Rio Gr. West. 5 2d wkSept 366,000 374,600 3,761,384 3,691,774
Detroit Southern. lstwk Sept
25,762
26,332
252,424
222,259
Det As Mackinac. July
65,467
68,068
65,467
68,008
DnlSoSh&Atl.. lstwk Sept
52,612
55,325
554,471
583,2
Erie
July
3,188,828 ,522,693 3,188.828 3,522.693
Evansv & Indian d wk Sept
8.006
6,444
84,125
76,556
Evansv A TH... 2d wkSept
29,763
30,333
354,257
334,207
F'rchild&N'r'e'n July
2,978
2,648
2,978
2,618
FarnivA Powhat July
7,53
4,904
7,537
4,964
Ft
& Denv City July
234,540 166,146
234,540
166,146
Georgia RR
July
156.495 128,088
156,495
128,088
Ga'South A Fla.. August..
119,998 111,240
235,383
215,401
GUa ValG A N.. July
24,389
27,039
24,389
27,039
Gr Trunk System 2d wk Sept 063,852 591,553 6,620,167 6,240,856
GrTr. West'n. itliwk Aug 126,98
122,427
739,114
647,002
DetGr H AM.. 4th wk Aug
37,068
35,555
199,570
203,03
Great North'n —
—
lMte.it
ROADS
July
Norfolk A West'n
Northern Central
North'n Pacific.
Nor Shore <Gal)...
Pacific Coast Co.
Peun— EastPAEe
WestP A E §...
Pere Marquette.
Phlla A Erie
Phila Wilm&B..
Pine Bit Ark. R...
Pittsb C C & St L
Pittsb
Plant
& West'n.
System—
Latin!
Date.
Previous
Year
Current
Year
Previous
Year
%
3,890
48,9o6
79,233
143,183
380,047
675,000
23,000
701,000
*
*
m
657,000
23.000
6S0.000
163
2,882
2,434
51.623
73,31.7
105.761
346,0 14
556,827 489,133
170,484 151,404
168,3-3 141,373
13.701
14,680
2.010
3,096
tulv. ....
6,737.247 0,7:15,467
August
337,845 543,528
July
129,373 234,900
July.
..
2d wk Sept 395,641 341,433
628,415 656.615
July
....
3,820,377 3,623,434
August
60,888
66,585
July
546,739 456,386
July
9,77 1,503 3,351.103
July
lac. 55 I.200
July.
lstwk Sept 203,702 191,683
512,041
605,059
July
1,052,17- 971,278
July
2,171
1,400
luly
1,825,005 1,644,888
July
326,491 367,798
3.890
2.434
51.623
4 s. 006
786,921
1,261,196
761, 120
3,400.-5,
7,44,, 0-0
3,269.519
7.719,391
241,103
7,689,083
43,71,
1,115,000
1,610,681
1,780,005
29., 69
356,624
981,908
S.076,015
31.150
905, 66
1,573,860
1,482.729
26,467
2. 10
3,096
12,774,085 12,735,503
33,, 8 45
543.528
129,3,3
234.900
4,005,163 3,310 373
,
628.115
656,615
7,670.749 6,813,500
66,585
60,888
540,739
456,386
9,771.503 8,351,103
//,,'.
5 51,200
1.S74.577 1,817.077
512.011
605,059
1,052.17971.278
1.100
2,171
1,641,888
1,825,005
3,210,0o5 2,910,210
)
Ala Midland.
Bruns & W'n.
706,318
!
ChasASav...
598,739
8,475,502
7,948,303
1,921.175 2,203,119
256.197 1,892.506
2,177,372 1,095,025
1,921.175
256,197
2,177,372
1,042,039
2,203,119
1,892,506
4,095,625
960.755
583,647
128,002
574,613
115,331
f
& W.
Sav Fla
to
urrenl
Year
.
Nevada Central.
N Y C & Hud Riv
N Y Out A West.
N Y Susq & West
1
SUSOc AG..
Phil A Read....
Reading Co.—
July
Coal&IrCo.... July
Tot both Co' s.. July
Rich Fr'ksb A P May
Rio Grande Jet.. June
Rio Grande So... 2d wkSept
Rio Gr'de West . June
.
August
St Jos itGrl
July
St Louis & Gulf.. August
StL ANArk
July
St L A San Fran*? lstwk Sept
2d wkSept
St L Southwest
.
StLVan&TH..
San Ant & A P...
San Fran AN P..
Sav Fla A West..
Seaboard Air L..
SoC AGaExt...
80 Haven & East.
Southern Ind ....
So Pacific Co 6...
Carson & Colo.
Central Pacific.
Direct Nav. Co.
Gal Har ASA.
Gal Hous
GulfW.
& No
A P.
T.
Hous. E. AW.T.
Hous. & Shrev.
Hous ATex Cen
&
Iberia
Verm.
Louis' a West...
Morgan's L A T
N. Mex. A Ariz..
N YT&Mex
..
Oregon & Calif.
Souora Ry
So Pac of Cal
139,960
45,665
10,702
454,400
220,322
82,339
£28,476
124,953
48,825
3 0,148
449,400
202,511
135,335
11,445
21,803
361.675
128,485
186,298
171,933
106,713
A593.739
216.635
18,173
8,682
57,164
6,721,677
15,231
4,908.081
390.O69
420,482
82,339
135.335
£59,681
22,567
17.441
21,803,
4,280,650 3,736,623
1,342,647 1,335,061
374,376
359.555
178,062
171.933
248,313
215,995
(8,475,502 / 7.948,368
2,096,054 2,012.124
256,882
261,959
18,682
14,676
131,937
104,434
6,926,294 6.721,677
5,341,154
17,441
448.965
153,120
193,676
August
178,062
July
124,586
August
June ... / 706,318
lstwk Sept 243,397
20.428
11,220
August ..
60,628
August
6,926.294
July
May
33,760
May
1,712,012 1.754,871 18,560,830 17,820,526
May
7,251
2,802
550,949 681,203 6,621,007 6,422,825
23,389
24,928
May
18,004
10,386
May
61.814
66,796
839,621
790,373
16,194
14,327
208,478
174.173
359,848 417.739 4,812,082 5,316,590
4,039
3,203
May
186,126 147,515 1,781.790 1,541,807
May
425,335 698,366 6,778,763 7,399,019
May
22,603
26,529
33,777
27,004
343,838
269,857
262,418
317,670
45,067
May
50,275
May
L.852.136 1,7 11.052 19,906,757 17,446,260
May
78,533
77,385
May
309,602 412,374 4,296.217 4.000.548
May
169.651 212,671 2,352,860 2,193.790
May. ...
202,018 272,361 2,720,550 2.593.731
2d wk Sept 818,854 742.193 8,260,7 12 7,416. 831
27 1.086
August ...
150,005 144,060
289,473
55,0601,225
101.209
August ...
48,032
lstwk Sept
10,90(1
11,732
74.433
97,485
2d wkSept 209,207 188,500 1,868.685 1,948.869
9.100
July
8,600
9,100
8,600
May
13,477
133,333
95,223
9,790
2d wk Sept
54,648
53,537
635,823
608,774
letwk Sept
2 1 ,620
22,556
209,190
226,143
'24. wkSept
4S,4so
53,941
620,916
550,231
3d wk Aug
10,793
04,978
8.000
56,982
343,699
320.771
Total system. August .. 3,678.275 3,117,298 7,138.120 5,796,856
So Pac. Coast..
GulfAShipIsland June
114.577
97,169 1,374.684 1,030,849
So Pac of Ariz..
Hocking Valley.. 2d wdSept 120.172 108,893 1,281.139 1,105,740
So Pac of N M
Hous A Tex Cent May
7,7:i!>
359,848
4.812,082 5,316,590
TexANOrl
Illinois Central.. August .. 3.370,431
383,178 6,719,201 6,558,930 Southern Railw'\
Illinois Southern Augu«t...
14,015
12,333
20,172
2;;,:;70 TerreH Alud...
Int & Gt North'n 2d wk Sept 101,3 12
88,729
878,659
861, 169 Terre H A Peor..
Interoc (Mex)
August ..
379,800 301,590
702.2:10
C, 12,270
Texas Central
Iowa Central
2d wkSept
45,847
47,803
493,647
482,919 Texas & Pacific.
Iron Railway
August...
7,042
6,717
12,361
12,731 TexS
W ..
Kanawha A Mich id wkSept
14,112
20,029
146,303
201,734 Tif ton Thorn. AG.
Kan City South'n July
j.
482,262 380,868
482,262
380.868 Tol A Ohio Cent
Lehigh Val RR.. July
L,382,051
110,855 1,382,953 2,1 10,855 TolP A West ....
Leh Val Coai Co. July
118,298 1,425,309
118,29s 1,425,309 TolStL A
Lexing AEast'u. July
48,307
31,497
48.307
31,497 Tor Ham A Butt
Long Island
July
J IK. 4 ,920
1>,c.
920
Union Pac RR )
Lou. Hend.&St.L. June
58,200
53,528
696,065
668,435
Oreg RR <fc N [ July
4,196,141 3,948,692 4,196,141 3,948,692
Louisv .« Nashv. 2d wkSept 657,000 001,885 6,711.824 5,913,995
Oreg Sh Line.
Macon & Birm... August
11,480
8,172
21,410
16,759 Wabash
2d wkSept 430,211 3S8.407 4,454,100 3,996.803
Man'tee&Gr.Rds June
8,564
13,637
W Jersey & Sea'e July
478,081
517,831 478. os
517.881
Mauls & No East July.
25,527
26,126
79,loo
25,527
26,126
736,692
2d wk Sept
827,552
74,902
Manistique
August
9,830
5.52.S
8,135
25,166
20,142 Wichita Valley... July
5,444
5.444
5,538
Maryland* IVini March
20,622
19,536
195,232
179,255 Wm'sportAN.Br. July
14,021
15.947
14,021
15,947
IMcxican Central 2d wkSept 1 391,2 12 336.276 13,946,376 3,314.217 White Pass A Y'n tthwkAug
97.800
Mexican intorn'l. July
527,770 451,221
527,770
451.22
Wisconsin Cent.. 2d wk Sept 135,000 114.357 1,367.029 1,281.238
JMexicanRy
Wk Aug30
TO.!' 00
95,200
855.000
669.500 W'rightsv& T'n.. July
10,727
8,198
8,198
10,727
Mexican South" u 4thwk Aug
23,835
16,997
159,243
128,325 Yazoo A Miss. V. August
906,951
639,369
465,891 429,064
.
•4 1
.
V&N
W
—
1
.
.
.•
1
1
* Figures from Deo. 1 are for the railroad only.
§ Covers results on lines directly operated.
IMexican currency, alncludos Paducah A Memphis Division from July 1 In both years, t Results on Monterey A Mexican Gulf are
included rrom March 1, 1902. but for no part of 190 1. e Covers liues directly operated, including the Buffalo AAlle'y Val. Dlv.for both years.
1nc1ua.es the Houston At Texas Central and its subsidiary lines. Earnings ot the Cromwell
Steamship Line, not previously reported, are
novv Uso iriclu dod.
cResults on Montgomery Division are included in both years.
(/Includes St. Paul & Duluth for both year*.
yrr
'J
° He "Kures are the results on the Ala. Midi., Brunswick & West., Charles. A Sav., Sav. Fla. & West'n and Silver Springs Ocala A Gulf.
'
n n,,
1 liese figures inolude. besides the St. L. * 3. K. proper, the Kan.
h From May. 1902,
Citv Ft. Soott & Mem. system and Ft. Worth A R. G.
.,
v\, J,^
u-ioiida
? acaui rod roads.
/ «r
western in both years,
&
s
l
,
&
i Including earnings of the Hanoock
Calumet, both years.
t Including earnings of the
v Includes $147,969 other income, against $194,397 for a similar period last year.
Savannah
)
1
. .
..
September
.
THE OHKON1CLE.
20, 1902.J
Totals for Fiscal Year.
Latest Grot t Earnings.
Roads
Period.
Jan. 1 to July 31
Allegheny Valley
Atlanta * Charlotte Air Line. Apr. 1 to June 30
Jan. 1 to Aug. 31
Bellefonte Central
Jan. 1 to July 31
Central of New Jersey
Jan. 1 to Sept 7
Chattanooga Southern
Chicago ANorth-Western....!June 1 to July 31
A
Pao..
Island
Apr.
1 to July 31
Chicago Rock
Chto. St. P. Minn & Omaha.. Jan. 1 to July 31
Jan. 1 to July 31
Cumberland Valley
Jan. 1 to July 31
It. Worth A Denver City
International A Gt. North'n. Jan. 1 to Sept 14
Manistee & North Eastern... Jan. 1 to July 31
Jan. 1 to Aug. 31
Manlstique
Current
Previous
Tear.
Tear.
Ino.
676.138
37,767
8.471,754
75,023
7,982,419
185,019
645.292
31.638
9,498,354
60,127
7,797,754
6,306",450
5,671,785
658,831
579,295
1,354,094 1,186.975
3,149,933 3.224.877
197,761
203 901
76.421
78,975
Jan. 1 to Sept 14 14,192.045 12 180.704
Mexloan Centralt.
Jan. 1 to July 31 3,638,484 3,381,362
Mexican International
Jan. 1 to Aug. 30 8.327,i5O0 2,864.800
Mexican Railway
Apr. 1 to Aug 31
409,883
Mexican Southern
356,201
Jan. 1 to Sept 14 24,190,021 23,849,146
Missouri Paclflo
Jan. 1 to Sept 14
707,313
Central Branch
954.760
Total
Jan. 1 to Sept 14 24.897,334 24,803,906
Jan. 1 to Sept 14 6,066,938 5,409,206
National RR. of Mexico
Jan. 1 to July 31 4.721,009 4,607,403
Northern Central
Shore
226,364
Apr. 1 to July 31
North
203,796
Pennsylvania, East of P.AE..* Jan. 1 to July 31 63,191.379 56,802,579
lno.
West of P.AE
Jan. 1 to July 31
3.891,500
Jan. 1 to Sept. 7 6.526.779 6.080,745
Pere Marquette
Philadelphia A Erie
Jan. 1 to July 31 3.530,460 3,589,775
Phila. Wllm'g'n A Baltimore. Nov. 1 to July 31
8,848,251 8,649,551
Pitts. Clncln. Chic. A 8t. L... Jan. 1 to July 3) 12,664,379 11,395.945
Dec. 1 to June 30
308,487
Rio Grande J unction
300,191
Bt L. Vandaila A Terre H.... Nov. 1 to Aug. 31 1.784.S54 1,668,765
47,377
South Haven A Eastern
Jan. 1 to Aug. 3
39,198
Terre Haute A Indianapolis.. Nov, 1 to Aug. 31 1,409.786 1,291.044
441.167
Terre Haute A Peoria
Nov. 1 to Aug. 31
460,243
Texas A Pacitio
Jan. 1 to Sept 14 7,087,059 7,496,340
West Jersey A Seashore
Jan. 1 to July 31 2,095,533 1,970,733
Wichita Valley
34.286
Jan. 1 to July 31
_38,557
* These figures lnolude the Buffalo A Allegheny Valley Division In
both years, t The operations of the Monterey <fe Mexican Gulf are
lnoluded from March 1. 1902.
Latest Wross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the latest
The table covers the second week of September and
week.
shows 8 34 per oent increase in the aggregate over the same
week last year.
-
2d week of September.
1902.
S
Buffalo Rooh.
& Pittsb'g
Canadian Pacific.
Chesapeake A Ohio
Chicago & East. Illinois.
Chicago Great Western.
Chic. Ind'plls
A
Loulsv..
Chic Term. Transfer
Colorado
Denver
&
Southern
Rio Grande*
A
A
A
Evansv.
Evansv.
Indianapolis.
Terre Haute.
Grand Trunk
)
Grand Trunk West .. }
DetGd. Hav. & Mil w.
Hocking Valley..........
A Gt. Northern.
IowaCentral
Kanawna A Michigan...
Louisville A Nashville
Intern'i
.
Mexloan Central
Minneapolis
A St.
Louis.
A Iron Mi....
Mo.
Mob. Jackson A K. City..
Nashv. Chat. A St. Louis.
National RR of Mexico.
Norfolk A Western
Pacific
Bio Grande Southern
St. Louis Southwestern..
A Paolflo
A Ohio Central..
St. L A West
Wheeling A Lake Erie.
Texas
Toledo
Toledo
1901.
9
Increase.
$
9
1,088
22,206
72,000
32,753
153,880
820,000
283,011
134,225
153.315
98.182
35,270
114,962
366,000
8.006
29,763
31,665
13L.674
748.000
336,473
121,457
144.997
92.754
31.686
105,699
374.600
6,414
30.333
663,952
591,553
72,299
120,172
104,342
45,847
14,112
657,000
391,212
79,233
380,047
678,000
23.000
3,663
170.18*
168.383
395,641
10,702
153,120
818,854
11,274
15,613
135,000
108,898
88,729
47,803
20,029
604,385
336,276
73,347
346,044
657,000
23,000
2,882
151,404
141.373
341.433
10,148
128,485
742,493
188,500
53.537
48,486
388,107
79,400
114,357
8,064,940
7,444,251
209, ''01
54,618
53,941
430,211
74,902
Net Increase (8-34 p. o.)
* Including Rio Grande Western.
Decrease.
........
12.768
8,318
5.428
3,584
9.263
53,462
•
.*
8,600
1,562
570
1,956
5,917
52,115
54,936
5,886
34.003
21,000
781
19,080
27.010
54,208
554
24.635
76,361
20,707
1,111
5.455
41,804
4,498
20,643
695,692
620.689
75,003
For the first week of September our final statement covers
53 roads, and shows 5 '96 per oent Increase in the aggregate
over the same week last year.
1st
week of September.
1902.
Previously rep'd i38r'ds)
Alabama Gt. Southern..
Chic, lndian'lls A Loulsv.
Gin. N. O. A Texas Pao..
Clev. Cln. Chic.
Col.
A
8t. L..
Sandusky A Hooking
Detroit Southern.
Duluth So. Shore A At.
Minn. St. P. A 8. Bte. M..
Pere Marquette..........
Bt. Loo is A Ban Franeisoo
.
Texas Central
Toledo Peoria
& West'n
.
ToL BfcL.A West
Total (53 roads)
Not Increase (5-96 D.o.K.
1901.
Decrease.
9
9
7,541,527
40,096
95,193
97,890
375,588
43,195
35,602
25,762
52,612
143,188
208,702
Increase.
534,878
448,965
243,397
10,996
21,620
55,868
7.171,208
41,640
91,385
93,500
383,660
50,400
27,477
26,332
65,325
105,761
191,683
361,675
216,635
11.732
22,556
53,642
9,435,201
8,904.611
716,925
530.590
164,559
1,544
3,808
4,390
Net Earnings Monthly to Latest Dates.— The following
ahowsthe gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
Includes every road from which we can get returns of thiB
character and in that form is given once a month. Early returns art published fromweekto week, as soon asissued, but
for the convenience of our readers all the roads making returns are brought together here in the week in which we publish ouj monthly article on net earnings— say about the 20th
of the month.
The returns of the street railways we give by themselves
under a separate head at the extreme end of these tabulations
—see page
605.
Gross Earnings.
Current Previous
Year.
8,125
570
2,713
37.42?
12,019
87.290
26,762
736
936
2,226
186,335
Tear.
.
,
Wet £nrn\ng!
Current
Previoui
Tear,
Tear.
Roads.
9
9
Adirondack.*...
June
15,324
12,887 def.25,812 def.2,605
202.216
July 1 to June 30
190,628
20,859
44,621
Alaoauia Gt.Bo'th.a July
202,441
181,875
50,048
46,621
Allegheny Valley... July
Inc. 41,583
Deo. 1,552
Jan. 1 to July 31
Ino. 185,019
Deo. 66,463
Ann Aroor.b
July
137,537
143,827
44,259
49,451
&.nn'p.W'sh.ABal.aJune
6,656
6,630
2.047
1,792
July 1 to June 30 ...
83,162
66,088
29,303
20,655
Atch.T,A8. Fe.b..July 4,596.708 4,763,502 tl,666,305 tl,993,249
itl. Knox. A No.a.July
57,619
49,591
18.035
17,333
Atlantic A Birm'gh.Aug.
16,023
8,970
5,234
3,584
July 1 to Aug. 31....
34,597
18,044
13,569
5,481
Atlantic Coast L. a. July ul365,369 ill 166,134 U474.889 U310.137
Baltimore A Annapolis
Short Line. a
June
9,509
10,113
1,787
2,226
July 1 to June oO
106,523
93,749
30,371
29,911
Bait. AOhlo.b
Aug. 5,542,987 5,070,081 2,134,712 2,079.435
July 1 to Aug. 31
10,719,592 9.708,949 4,145,387 3,828,984
BangorAAroost'kbJuly
120,274
108,965
42,997
37,071
Bath A Hamm'ds.b July
2,406
2,394
583
348
Bellalre Z. A Cln... July
14,758
14,928
3,294
744
Jan. Ito July 31....
102,920
97,752
18,404
12,919
Bellefonte Centralb Aug.
4.369
4,808
1,380
1,961
Jan. Ito Aug. 31
37,767
31,638
14,195
9,182
Bridgt. A Saco R.bJuly
4,241
3,628
1,360
1,181
Buff. Att AArcade... May
2,704
2,582
246
965
July Ito May 81....
24,416
25,007
4.701
4,429
rJufl. R. A Plttbs. b. July
612,087
557,438
277,389
261,890
buffalo A B'squeh.aJuly
66,941
62,642
t22,659
t20,179
Ca mdlan Pacific. a. July 3,246,620 2,851,455 1,175,711 1,095,867
Cane Belt
July
13,821
6,637
4,135
2,818
cent, of Georgia. a. July
677,871
570,016
190,624
141,723
Cent, of N. Jersey .a.July 1,038,917 1,404,737
186,225
651,838
Jan. Ito July 31.... 8,471,754 9,498,354 2,638,340 4,047,749
entral Pacific. b... May 1,712 012 1 754 871
682,468
787,476
July 1 to May 31
18,660,830 17,'820,526 6,967,830 7,020,482
hattan'ga South. a July
11,222
9,224
822 def.1,931
C lesap. A Ohio. a. .July 1,041,652 1,346,706
301,340
517,358
Chicago A Alton. a.July
806,474
827,658
307,961
318,059
Ohio. Burl. A Quln.b July 4,620,387 4,480,780 1,799,849 1,719,052
Ulc. A East. 111. b.. July
551,283
470,062
247,549
211,673
ihlo. Gt. West'n. b July
548,793
605,298
99,544
162,376
hlo.Ind.ALouls. a.July
406,410
387,693
158,457
156,497
Chlo. M. A Bt. P.a.. July 3,661,893 3,582,041 1,381,035 1,357,288
Chic. R.I.APac.a..July v3,776,307 v2,790.858 1,573,581 1.088,722
ChiC.Ter.Transf.b.Juno
138,017
129,293
63,968
65,954
July 1 to June 30.... 1,626,123 1,430,989
744,482
692,211
Hn. N. O. A T. P.a.July
473,080
452,946
123,676
119,481
Cl.Cin.Chio.A8t.L.aJuly 1,569,037 1,696,195
367,676
477,483
reorlaAEaB'n.a..July
204,783
204,555
47,753
48,174
Co;or'doA8outh.b.July
514,200
464,572
115,930
114,109
uolum.Newb.A L.b. July
13,614
10,843
3,340
5,105
Col. Sand. A Hook, b July
133,095
106,202
1141,828
1T28,870
Cornwall. a
July
8,588
10,663
1,523
5,531
Cornwall A Leban... July
25,449
35,746
11,911
14,831
Cumberland Val.b.July
100,957
83,887
33,739
26.192
Jan. Ito July 31....
658,831
579,295
232,050
184,548
Deuv.ARioG'de.b.July 1 l,516,784fjl,463,374
699,908
582,315
Detroit A Maok'c.aJuly
65,467
68,068
20,184
15,840
Dul. So.Bh.AAtl.b.July
267,217
255,628
115,540
110.809
Erie.a
July 3.188,828 3,522,693
890,577 1,152,168
Falrohlld A N. East. July
2.978
2,648
1,507
763
Jan. 1 to July 31...
23,603
21,663
12,719
12,362
Farmv.APowh't'naJuly
7,537
4,964
223
def.768
Ft. W. A Den. City.bJuly
234,540
166,146
63,864
37,053
Jan. 1 to July 81..., 1,354,094 1,186,975
855,422
301,100
Georgia a
July
156,495
128,088
q43,358
q 23,344
Ga. South. A Fla.a.July
115,385
104,161
32,636
30,112
Gila Val.GlobeAN... July
24,389
27,089
13,877
15,657
Gr. Trunk of Can... July 2,129,580 1,954,386
704,669
640,431
Jan. 1 to July 31. ...13,698,224 18,088,169 4,469,880 4,257,205
Gr. Trunk West... July
363,528
307,563
37,959
11,680
Det.Gr. H. A Mil. July
103,656
95,383
27,739
38,445
Gulf A Ship Isl .a June
114,577
97,169
36,588
23,548
July 1 to June 30
436,825
235,289
1,374,684 1,030,849
flocking Valley.a..July
429,936
169,786
525,168
207,764
Houst. A Tex.Oen.bMay
417,789
359,848
36,958 def.36,466
July 1 to May 31
4,812,082 5,316,590 1,512,121 2,042,941
733,622
969.017
Illinois Central.. .a.July
3,348,770 3,175,752
Iowa Central. a
177,177
32,070
30,550
208,478
July
591
6,014
2,385
Iron Railway. b
5,319
July
78,264 def.5,115
12,764
Kanawha A Mich. a. July
59,427
380,868
1114,205
86,371
Kan. City 8outh.a..July
1 482,262
306,316
Lehigh Val. RR.a.. July 1,382,951 2,110,855 df.411,384
118,298 1,425,309 df.169,561 df.111,291
Leh. V. Coal Co.a. July
def.580,945
Total both co's. a. July
195,025
81,497
20,563
48,307
Lexlng'n A EaBtb.. July
12,117
.
...
.
8,072
7,205
603
.
—
5
.
.
THE CHRONICLE.
604
—— Gross Earnings.——.
Ourrent
Tear
Previous
Tear.
—
Net Earnings.
Current Previous
Tear.
—Gross Earnings.—
Ourrent Previous
•>
Tear.
Tear.
Hoods.
s
Ino.4,920
Deo.70,496
58,200
14.340
53,528
15,035
July 1 to June 30....
696,065
668,485 rl80,295 rl98,282
Louie v. & Nashv.fo.July 2,709,244 2,311,390
546,989
804,559
Macon & Blrmingb July
9,930
8,587 def. 1,745 def.1,657
Manistee & Or. Bap June
735
8,564
13,637
1,765
Jan. 1 to June 30
57,054
4,719
68,906
4,980
Manistee* No. E. a. July
25,527
26,126
12,253
13,270
Jan. 1 to July 31
203.904
91,992
197,764
95,917
Manistlque.b
July
15,336
10,336
12,007
3,374
Jan. lto July 31....
66,591
36,788
34,259
70,840
348,890
318.533
c Mexican Cent. e.. July 1,546,802 1,376,305
Jan. lto July 31....11,792,471 10,242,792 3,531,678 2,874,522
451,224
195,637
221,335
527,770
C Mex. Intemat'1... July
450 def.2,122
Millen & Southwest. July
3,890
2,434
23.504
Jan. lto July 31...
23.529
6,245
1,218
Mineral Range. b... July
48,906
51,623
7,466
9,410
132,207
120,063
Minn. & St. Louls.a. July
317,513
297,401
592,278
445,919
275,806
203,862
M. St. P. & S. 8. M.b. July
274,576
267,469
Mo. Kan.& Texas. a. July 1,271,559 1,255,044
Missouri Paciflc.b, July 8,3078.762 g3.213,014gl,071,331gl,334,527
Jan. I to July 31... g-20287033 gl9940905 g6,065,287 g7,091 ,757
Wash. Ch.&8t.L.b..July n739,819 n622,974 n247,539 nl77,162
314.756
199.060
799,817
632,388
c Nat'l RR. of Mex.July
Jan. lto July 31.... 5.086,760 4,558,865 1,660.701 1,505,907
6,222
Nev.-Cal.-Oregon.a.July
15,089
12,766
6,501
def. 71
July
619
2,640
3,096
Nevada Central
543,528
182,687
337.845
37,966
N. Y. Ont. & West.a July
234,900
126,182
129,373
38,695
N. Y. Sue. & West.a. July
633,267
545,285
Norfolk & West'n.a July 1,562,837 1,337,607
182,532
628,415
656,615
167,432
Northern Central, b July
4,721,009 4,607,409 1,294,316 1,224,116
Jan. lto July 31
66,585
60,888
32,888
27,495
North Shore (Cal.)bJuly
226,364
203,796
108,058
66,934
Apr. 1 to July 31....
Pacific Coast Company -See Miscellaneous Companies.
Long Island
July
Lou. Hen. &8t. L..June
—
Pennsylvania-
[Vol.
Tear.
Roads.
Tipt. Thomasv. & G.May
July 1 to May 31
Toledo & O. Cent.a.July
Tol.PeoriaA West.bAug.
July 1 to Aug. 31
Toledo St. Louis & West.
Jan. 1 to June 30
flnionPacSyst'ma.July
Wabash.b
.., July
W.Jersey <fe Seash.b July
Jan. lto July 31
Wheel. &L. Erie. b. July
Wichita Valley.a.
July
Jan. 1 to July 31
Wmsp'rt & No.Br.aJuly
Wisconsin Central bMay
July 1 to May 31
Wrightsv.A Tenn.bjuly
Yazoo & Miss.Val.a. July
. . .
13,477
133,383
273,679
95,638
137.572
1,241,779
4,196,141
1,721,581
517,881
2,095,533
333,922
5,444
34,286
15,947
536,526
5,480,397
10,727
441,060
9,790
95.228
250,713
109,626
203,587
<
LXXV.
Net Earnings.—^
Ourrent
Previous
Tear.
Tear.
5,425
50,798
74,002
21,444
40,533
2,941
31,051
74,334
28,367
57,330
1,321,400
319,830
3,948,692 2,099,085
1,552,340
475,021
478.081
199,162
1,970,733
490,094
284,214
78,511
5,528
3,436
38.557
15,631
14.021
7,201
439,254
200,737
4,803,078 1,927,157
8,198
2,590
410,305 def.24,623
349,542
1,897,718
423,063
173.368
462,394
80,396
3,359
19,624
5,460
147,403
1,656,086
1,410
61,472
a Net earnings here given are after deducting taxes.
b Het earnings here given are before deducting taxes.
cThese figures are in Mexican currency, and are convertible into
gold at the ourrent rate of exchange.
e Results on Monterey & Mexican Gulf included from March 1, 1902.
f Thirty per cent of gross earnings.
g Includes Missouri Pacific & Iron Mount'n and also Cent'l Branch
1 These figures inolude Houston & Texas Central and Its subsidiary
lines and the Cromwell Steamship Line.
j These figures inolude results on the Buffalo & Allegheny Valley
Division in both years.
k These figures Include in both years results on Kansas City Fort
8cott & Memphis RR. and Fort Worth & Rio Grande RR.
1 Includes Rio Grande Western for both years.
n Includes Paduoah & Memphis Division from July 1 in both years.
Expenses for July inolude $30,283 paid for improvements on this
division.
Lines direotlyoperated
jEastofPitts.&E.July 9,771,503 8,351.103 3,636,137 2,899,837
J Jan. lto July 31. ...63,191,379 56,802,579 21,277,594 18,804,394
Inc.
551,200
Ino.
216,600
West of Pitts.&E July
Ino. 3,891,500
Inc. 1,155,400
Jan. 1 to July 31
776.315
188,111
808,108
204,207
Pere Marquette.a..July
Jan. lto July 3i.... 5,460.310 5,039,983 1,291,607 1,146,777
Philadelphia Company— See statement on page 390.
512,041
605,059
184,407
267,467
Phlla. AErle.b.... July
3,530,460 3,589,775 1,201,322 1,320,288
Jan. lto July 31
971.278
857,034
304.734
Phil.Wilm.A Balt.bjuly 1,052,478
Nov. 1 to July 31.... 8,848,251 8,649,551 2,724,893 2,589,993
1,400
686
def. 186
2,171
Pine Bluff & Ark. R July
462,424
489,957
Pitts. C. C. & St.L.a July 1.825,055 1,644,888
.12,664,379 11,395,945 3,332,308 3,059,250
Jan. lto July 31
.
.
—
Reading Company—
Phlla. & Read'g.b.July
Coal & Iron Co. b. July
Total both Co.'s.bjuly
July
Reading Co . b
Total all Comp's.b July
2,203,119
503,808
1,892,506 df.258.767
245,041
4,095,625
118,902
363,943
124,953
139,960
63,322
Rich. Fred. & Pot.. May
960,755
398,078
July 1 to May 3i ... 1,042,039
45,6*55
fl3,699
48,825
Rio Grande Junct. June
300,191
f 92,546
308,487
Dec 1 to June So
83,232
57,909
47,616
Rio Grande South. I July
135,335
11,579
82.339
8t. Jos. & Gd. Isl.a July
21,803
6,834
17,441
St. Louis &N. Ark. b July
637,167
1,818,669 1,681,592
It St. L. & San F. b.. July
507,855
120,722
526,868
Bt.LouisS'west.b. July
171,933
21,577
178,062
Ban Ant.&Aran.F.aJuly
109,282
50,723
123,727
Ban Fr. & N. Pac.a. July
871,790
242,391
962,130
Seaboard Air Line a July
18outhern Pao.Co.n July 6,926,294 6,721,677 2,294,637
15,231
22,770
33,760
Carson & Colo.-b.May
682,463
Central Pacific- b.May 1,712,018 1,754,871
July 1 to May 31... 18,560,83017,820,526 6,967,330
def.4,660
7,251
2,802
Direct Nav. Co.b May
681.203
550.949
26,874
Gal.Har.&SanA.bMay
July lto May 81.-.. 6,621,007 6,422,825 1,346,903
24,928 def. 5,224
23,389
Gal. Hous.& No. b.May
18,004
10,386
7,219
Gulf W. T.&Pao.bMay
66.796 def. 17,642
61,814
Houst. E.&W.T.b.May
790,373
214,059
839,621
July 1 to May 31....
14,327
3,154
16,194
Houst.A Shreve.bMay
208,478
174,173
63,059
July 1 to May al
3,208
2,087
4,039
Iberia & Vermll. b. May
186,126
147,515
87,380
Louisiana West. b.May
787.766
1,781,790 1,541,807
July 1 to May 31
425,335
698,366
105,448
M'g'n'sLa.&Tex.bMay
6,778,763 7,399,019 2,690,098
July 1 to May 31
26.529
6,297
82,603
N. Mex. & Ariz. b.May
27,004
15,152
33,777
N. Y. Tex. & M.b May
269,857
129,827
343.838
July lto May 31
262,418
99,168
317,670
Oregon & Calif. b.May
50,275
6,553
45,967
SonoraRailw'y.b May
77,385 def.26,687
78,533
8o. Pao. Coast.. b.May
105,104
412,374
309,602
80. Pac. of Arlz.b May
4,296,217 4,000,548 2,110,332
July lto May 3i
713,652
1,852,136 1,741,052
Bo. Pao. of Cal. b.May
19,906,757 17,446,260 7,740,398
July lto May 31
242,671
61,492
169.651
So. Pao. of N. M. b.May
2,352,860 8,193,790 1,381,023
July 1 to May 31
87^,361
19,786
262,018
Texas & N. on. b.May
474,183
2,720,550 2,593,731
July 1 to May 31
791,973
Southern Rallw'y.a July 3,291,416 2,916,745
54,106
10,820
34,404
Texas Central. a... June
707,591
253,570
586,230
July 1 to June 80
—
.
—
—
1,921,175
256.197
2,177,372
758,006
dl. 24,042
733,964
82,334
816,298
61,197
374,395
f 14,647
f 90,057
23,109
52,491
10.611
733,250
85,966
22,039
48,396
246,751
2,496,344
6,825
737,476
7,020,482
def.14,715
145,561
1,213,068
df.11,464
def. 1,539
13,026
240,812
3,540
75,636
1,449
62,789
653,626
294,321
2,830,937
15,943
11,430
81,491
111,715
11,562
6,437
216,200
2,126,436
697,690
6,881,520
132,095
1,345,601
102,894
923,547
720,407
25,795
371,792
q Including remittances from connecting roads, total net inoome for
July is $78,358, against $23,344 for July, 1901.
r After deducting $37,942 for Improvements in 1902 and $42,766 in
1901, the surplus for the tlscal years is $142,353 and $155,616 respectively.
t After adding $4,866 other inoome for 1903 and $2,869 for 1901,
total net inoome amounts to $27,525 and $23,018 respectively.
u Including earnings of Savannah
v Includes $147,969 other inoome,
Florida <fe Western in both years.
against $194,397 for July, 1901.
t For July, 1902, taxes and rentals amounted to $189,737, against
$171,170, after deducting wliioh net for July, 1902, was $1,476,568,
against $1,822,079.
t Kansas City Sub. Belt included from January 1, 1902.
1fFor July, 1902, taxes and rentals amounted to $7,973, against
$7,101, after deducting whioh net for July, 1902, was $36,855,
against $21,769.
Interest Charges and Surplus.—The following roads, In
and net earnings given In the foregoing, also report charges for interest, &o., with the surplcs
above or deficit below those charges,
addition to their gross
-Int., rentals, etc.
Ohlc.uarl.&QuinoyJuly
& E. Illinois.. July
Clev.Cin.Ch.& St. L.July
Peoria & East.... July
n e n. A B.Grande. J. July
Ohio.
Dul. So. Sh.
& Atl...July
&
N.July
Gila Val.Globe
Hocking Valley
July
Kanawha & Mich... July
Manistee & No. E... June
Jan. 1 to June SO
July
Mineral Range
Mo. Kan. & Texas..July
Nashv. Chat.* St.L. July
Nev.-Oal.-Oregon...July
Norfolk
& West'n....July
North Shore
r-Bai. of Net Mam'*.-*
Previous
Ourrent
Tear.
Tear.
Tear.
Roads.
Atlantic & Birm'gh. Aug.
July 1 to Aug. 31....
—
Ourrent
2,083
4,166
813,000
136,103
229,033
38,688
318,820
80,483
117,094
70,915
12,339
6,051
36,303
8,197
308,773
151,187
1.875
209,713
11,395
41,028
135,638
938,618
(Cal,)...Inly
Apr. lto July 31...
July
Pere Marquette
Jan. 1 to July 3i....
483
Pine Bluff Ark. R. July
407,179
Pitts. O. C. & St. L.. July
Jan. 1 to July 31.... 2,324,666
. .
Previous
Tear.
S
1,501
1,315
910,528
*123,382
243,048
14,486
$
2,083
3,151
4,166
9,403
808,524
986,849
*146,002
132,411
234,435
138,643
33,688
14,065
298,915
t'315,885
t418,601
79,812
35,057
30.497
9,112
6,783
IT 6.545
"154,506
104,651
72,466
2,592
10,762 df.*16,784
6,092 def.7,732 def.2,769
36,552
47,361
42,170
* def. 563
*1,022
8,442
303.709 def.34,197 def.36,240
96.352
24,652
152,510
3,972
2,250
4,626
423,554
853,124
192,161
21,498
18,178
9,317
67,030
32,375
34,559
62,804
125,307
68,569
352,989
295,136
851,641
203
def.668
482
31,667
82,778
430,757
893,306
2,165,944 1,007,642
ReadingJuly
All companies
aioGrandeJunot'n.June
Deo. 1 to June 30
Rio Grande South.. July
8t. Tos.A Gr. Isl'd..July
St. L. & San Fran... July
San Ant. &Ar. P... July
Sau Fran.* No. Pac July
881,000
7,708
53,958
19,033
11,667
534,034
||71,085
22,075
Southern Pao. Co. ...July §2,683,220
3,771
Tipt. Thomasv. & G.May
41,579
July lto May 31....
Toledo & Ohio Cen.. July
38,975
22,588
rol. Peo.& West... Aug.
45,076
July 1 to Aug. 31....
Wichita Valley
July
3,204
14,739
Jan. lto July 31....
879,082 df.517,057 df.62,784
7,708
5.991
6,939
36,099
53,958
38,587
14,199
6,426
17,683
def. 88
43,741
8,760
334,174
*118,447
401,140
1170,422 def. 49.508 def.48,383
28,648
25,625
22,771
555,940
§2,035,705 *df.203487
def.830
1,654
3,771
9,219 def.1,483
32,583
36,859
*S5,796
38,199
def.1,094
5,316
23,051
11.228
46,102 def. 4,643
238
1,437
1,922
892
6,167
13,457
.
September
..
.
,
THE CHRONICLE.
20, 1902.]
Renuu&.etc.
Int.,
i
Current
Current
Tear.
Tear.
$
2.292
138,198
1,493,216
4,797
*59,540
*385,869
Year.
$
2,404
143,180
Wlsoonsin Central.. May
July 1 to May 31.... 1,564,342
Winsport&No.Br.July
s-Bal. of Net Earn's.—
,
Previous
appropriated for betterments and
IT These figures lnolude $787
additions iu July, 1902, against $237 so appropriated in July, 1901.
Grande Western for both years.
t Includes Rio
Miscellaneous Companies.
Net Earnings.——.
Qross Earnings.—
-.
,
Current
Tear.
Tear.
Tear.
$
Companies.
.
Previous
$
$
Gas Co.... Aug
17,842
306,242
16,983
1 to Aug. 31
Cons. GasCo. of N.J. July
Oct
Gas
Eleotric
«k
Co.
Previous
Tear.
$
20,141
272,757
14,492
of
CouDtv..July
June 1 to July 31....
Jackson Gas-L. Co. Aug
Mar. 1 to Aug. 31
Laolede Gas L't Co. Aug.
Jan. 1 to Aug. 3i
Lowell Eleo. Lt. Co. June
July 1 to June 30....
Mexican Telephone. July
Bertren
10,105
18,258
3,032
18,776
81,120
693,619
4,639
67,764
8,343
45,917
46,186
413,097
115,785
22,191
42,204
23,537
44.442
13,340
178,960
17,702
87,053
14,748
191,289
20,121
98,668
Mar. 1 to July 81....
Milwauk. Gas L. Co.Aug
Jan. 1 to Aug. 31
456,386
546,739
Pacific Coast Co.. a July
Philadelphia Co.- See statement on page 390.
10,082
17,997
2,673
18,641
70,436
633,214
4,510
56,483
8,018
39,509
35,859
833,125
114,410
Interest Charges and Surplus.
,
Int.,rentals,
etc.
Current
Previous
Tear.
Tear.
r-Bal.oJ Net Earn's. -.
Current Previous
Tear.
Tear.
$
$
$
Companiet.
.
Week or Mo Our'nt Prev'us
St.
Railway... June
Orange Co. Traotion. June
Pacific Eleotrio
733
1,271
18,000
August..
8,898
The following table shows the gross earnings for the latest
period of all street railways from whioh 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.
8TREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings,
Gross
Week or Ho
Earnings.
Our'nt Prev'us
Tear.
Tear.
$
American R'yo. Co. 4- August
Athens Electric Ry.. August
Binghamton RR
July
Br'klynRap.Tr.Co.
.
July
Borlingt'n (Vt.) Trac. August
Canton- Akron Ry. ) August
Cant.-Mass'ln Ry. I
Charleston Cons. Ry.
August
Gas & Elec
Hhloago & Mil. Eleo. August....
Cin. Dayton ATol. Tr. August
Cin. Newp. & Cov. Ry. July
Citizens Ry. & Light
$
91.152
Jan. 1
to Latest
Dale
Current Previous
Tear.
Tear.
IB
584,162
23,863
113,168
1,236,400 1,203,761 7,489.179 7,167,002
45,668
39,665
8,277
7,254
035,373 019,344 6171,277 0109,356
125,159
3,506
23.269
45,217
25,529
49,301
77,887
8,026
22,480
753,287
29,918
117.779
45,474
24.042
128,059
112,961
76,620
500,037
461,258
40,505
45,290
7,655
6,963
27,835
28,017
3,581
3,698
234,738 209,462 1.642,381 1,472,925
131.254
156.934
28.542 24,228
&
August
23,760 20,770 125,966 105,362
82,152
Dart.&W'portSt.Ry. August
91,649
21.066 17 556
Detroit United
2d wk Sept 67,282 60,344 2,397,441 2,090,119
Detroit & Port HuroD
Shore Line
2d wk Sept
301,331 248,961
8,119
7,264
Duluth-8up. Traot. )
297,769 254,321
52,362 45,983
Duluth St. Ry.... S July
Elgin Aurora & Sou August
43,507 37,295 270,435 241,397
Galveston City
41,021
56,714
17,734 10,562
Georgia Ry. <k Eleot.
107,716 90.284
501,110 416,418
H&rrisbnrg Traction August
46,664 42.026 306,736 257,273
Intern'l Ry. (Buffalo) AUgUSt
371,785 *285,150 2,234,762 *1,787,764
Lake Shore Eleo. Ry. July
187,270
237,855
49,122 39,447
.Lehigh Traction
85,363
August
68,338
7,686 12,287
London 8t. Ry.(Can.) July
75,415
16,337 15,303
81,401
Los Angeles Rail way July
118,777 91,559 804,129 609,197
Mad. (Wis.) Traction. August
52,796
7,581
Mass. Eleo. Co.'s
589.314 577,362 2,635.50i 2,499.601
Met. West Side Elev.. August
155,158 125,947 1,243,555 1,094,338
Milwaukee Eleo. Ry.
& Light Co
July
237,376 239,043 1,512,005 1,362,807
Montreal Street Rv
July
198,656 178,180 1,164,667 1,077,675
(Musoatine, Iowa).
City Eleo. (Rome.Ga.)
Cleveland Eleotrio .
Cleve. Ely
West...
Cleve. Palnsv. & E. .
July
August
August
.
Musk. Tr.& Light. Co.
August
August
Gas Department... August
Street Ry. Depart..
Eleotrio Lighi Dep.
Nashville Ry
New London St. Ry..
July
July
Northern Ohio Traot August
Northwestern Elev.. August
Oakland Trans. Cons July
13,817
1,933
2,503
75,606
10,952
84,340
89,663
78.374
11,135
1,895
2,153
65,320
11,666
67,693
77,144
70.488
476,221
39,092
484,407
752,048
527,860
421,916
37.153
403,558
655,723
6,569
10,624
68,607
5,954
10,935
1,111,338
17,034
August
August
Roads
Light Go's
Current
Previous
Tear.
Tear.
25,526
42,312
23,752
41,783
961.277 7,961.804 7,024,409
19,122
93,197
94,725
84,083
1,921
27,239
1,574
181,623
13,991
146,406
13,052
Sacramento Electric
Gas&Ry
July
August
Louis Transit
Sioux City Traction.. August
South Side Elevated. August
Springfield (£11.) Con.
36,614 34,284 256,088 233,099
579,675 509.048 4,169 336 3,801,408
22,512 20,944 160,225 138,407
105,918 94,772 927,925 862,562
August
Bow"LGr.& So.Tr. August
Toledo Rys. & Light. August
Wk.Sep.13
Toronto Railway
Twin City Rap. Tran 2d wk Sept
anion (N. Bedford).. August...
Union Trac. of Ind.. July
Jnited Traction— ) August..
Albany City J
17,594
24,340
138. H42
a62,330
69.101
38.390
86,182
140,724
267.435
25,595
St.
Tol.
United Traot. (Prov.) July
Ven'go Pow. & Tr.Co July
Wash. Alex. & Mt.
Vernon Ry
June
17,313
16,672
121,564 106,366
16,849
158,876 114,117
124.491
941,419 844.481
a35,137 1,253,961 1,135,123
63,416 2 509,195 2,200,021
33.106 822.267 182,369
67,702 158,876 114,117
126,875 1,004,693 885,194
221,541 1,109,785 989,296
14,511
15,457
These are results for properties ownea.
J Results now lnolude the Pittsburg Railway Co., operating the Consolidated Traotion and aU the other oontroUed properties in Pittsburg.
•These figures are for the corresponding period of 1900, as the figures for 1901 were unusually heavy, owing to the Pan-American Ext
position at Buffalo.
to exhibition being held one week later this year.
1901 are for Canton-MassUlon Ry. only; In 1902, sinoe
Ry., including Canton-Massillon Ry.
for
Canton-Akron
June 1, are
The latter separately earned in August, 1902, $26,432, against $19,344
in the corresponding period in 1901.
a Increase owing
6 Figures for
Street Railway Net Earnings.— In the following we show
both the gross and the net earnings to latest dates of all Street
railways from which we have been able to procure monthly
returns. As in the case of the steam roads, the returns of the
different roads are published by us each week as soon as received, and once a month (on the third or the fourth Saturday of the month) we bring together all the roads reporting,
as is done to-day.
3,777
47,585
STREET RAILWAYS AND TRACTION COMPANIES.
Tear.
Railways Co.Gen.—
$
3,368
54,764
....
July
Philadelphia Co. t
?ottsv'e Union Trac. July
,
Lowell Eleo. Lt. Co. June
July 1 to June 30....
Tear.
$
Olean
year.
Buffalo
Earnings.
$
After allowing for other Income received.
are after allowing for other Income and for discount
t These figures
and exchange. After deducting $10,000 for Renewal Fund in
uly 1902, and $10,000 In July, 1901, the surplus for the month
Is $403,601, against $305,885 a year ago.
6 These figures lnolude $1,384,946 appropriated for betterments and
additions to properties and equipment In July, 1902, and $673,086 In
July, 1901.
appropriated for betterments and
| These figures include $8,085
additions in July, 1902, against $7,293 so appropriated in July last
Jan. 1 to Latest Date
GROSS
3,168
*10,216
*181,176
*
Current
Latest Cross Earnings.
Previous
Tear.
$
605
Gross Earnings.
Current Previous
Tear.
Roads.
Amer. Light
& Trac. July
Klnghamton RR.b.July
Oct 1 to July 31
Brooklyn Rap. Tr.a. July
Jan. 1 to July 31
Charleston Consol. Railway Gas & Eieo.. Aug.
Deo. 1 to Aug. 31
Ohio. & Mllw. Eleo Aug.
Jan. 1 to Aug. 31
Cincinnati Dayton & Toledo Traotion
Aug.
June 1 to Aug. 31
Cin. Newp. & Cov.aJuly
Janl 1 to July 31
Citizens' Ry. & Light—
(Musoatine, la.).. July
Jan. lto July 31
Tear.
.
—
Net Earnings.
Current
Previous
Tear.
d 55,145
23,269
22,480
12,071
168,010
158,208
73,205
1,236,400 1,203,761
528,264
7,489,179 7,167,002 2,344,587
45,217
541,422
25,529
128,059
49,301
140,412
77,887
500,037
Tear.
12,328
71,425
445,266
2,339,926
45,474
380,298
24,042
112,961
14,026
241,870
18,309
75,232
17.178
139.557
16,563
63,391
76,620
461,258
24,819
72,256
35,034
209.307
30,599
179,385
7,655
6,963
45,290
40,505
OltyElec(Rome,Ga)A«g.
8,581
3,698
Jan. 1 to Aug. 31
28,017
27,835
Olev. ElyriaA West. July
28,542
24,228
Jan. 1 to July 31
156,934
131,254
Olev.Palnesv.A E...Aug.
20,770
23,760
Jan. 1 to Aug. 31....
125,966
105,362
oetroit United.a...Aug.
337,892
288,575
Jan. 1 to Aug. 81
2,255,077 1,963,511
Detroit & Port Huron
Shoro Line a
Aug.
53,187
46,501
July 1 to Aug. 31 ..
97,887
90,260
Duluth-Sup. Trac. July
52,362
45,983
Jan. 1 to July 31
297,769
254,321
Elgin Aurora &8o.aAug.
43,507
37,295
June lto Aug. 31
117,853
106,363
Galveston City Ry..May
17,734
10,562
Jan. 1 to May 31
56,714
41,021
Harrieb'g Traot'n..Aug.
46,664
42,026
Jan. l to Aug. 31
306,736
257,273
Lake Shore El.Ry.aJuly
49,122
39,447
Jan. 1 to July 31
237,855
187,270
Lehigh Traotion
Aug.
7,686
12,287
Jan. 1 to Aug. 31
68,338
85,363
Lond.8t.Ry.(Can.)aJuly
16,837
15,303
Jan. lto July 31
75,415
81,401
Los Angeles Ry
July
91,559
118,777
Jan. 1 to July 31
804,129
609,197
Madison Traction.. Aug.
7.581
Jan. 1 to Aug. 31
52,796
Milwaukee Eleo. Ry. &
Light Co
239,043
July
237,376
Jan. lto July 31.... 1,512,005 1,362,807
Montreal St. Ry
178,180
July
198,656
Oct lto July 31
1,643,836 1,533,206
New London St. Ry. July
11,666
10,952
Jan. 1 to July 31
37,153
39,092
North. Ohio Trac. a. Aug.
67,693
84,340
Jan. 1 to Aug. 31...
403,558
484,407
Oakl'd Trans. Cons. July
70,483
78,374
Jan. 1 to July 31
527,860
Olean Street Ry
5,954
6,569
June
Jan. l to June 30....
23,752
25,526
3,389
14,803
1,881
319
779
3,081
14,667
65,332
11,964
59,036
155,278
982,571
3,750
12,418
55,187
11,154
51,769
138,160
887,937
27,458
46,471
27,647
140,638
21,378
54,379
6,961
10,280
19,476
135,559
23,161
78,944
3,366
25,285
7.040
28,937
53,318
359,533
3,023
15,889
24,392
48,680
23,866
112,601
20,201
55,392
2,859
10,317
17,410
106,590
17,610
53,987
7,455
44,664
6,537
26,698
36,429
239,076
126,448
788,773
104,689
702,976
5,572
12,582
42,149
216,266
31,945
203.298
3,353
10,369
136,948
674,248
87,716
601,272
6,897
11,407
33,669
171,593
23,777
3,747
10,626
—
J
J
.
THE CHRONICLE
606
.
Net Earnings.
Current Previous
Tear.
Tear.
—
—
—
Qross Earnings.
Current
Previous
Tear,
S
9
Average miles oper.
5,290
43,714
Fre't oars
5.318
10,624
10,935
39,966
102,104
98,336
12,753
Paclflo Eleotric.b..June
38,083
Philadelphia Company— See statement on page 390.
Sacramento Eleotrlo ©as
& Railway Co
July
Feb. 1 to July 31
36,614
223,483
19,323
122,432
34,284
200,993
Toledo Bowling Green
16,849
12,307
& South' n Tract.. Aug.
24,340
75,973
114,117
Jan. 1 to Aug. 31....
158,876
68.753
124,491
138.642
Toledo Rya. & L'ht.a Aug.
456,832
844,431
941,419
Jan. 1 to Aug. 31
185.S64
283,589
323,534
Twin City Rap. Tr.. Aug.
2,327,425 2,031,771 1,266,716
Jan. 1 to Aug. 31
.
Venango Power
&
TracJuly
tion
d Out
of
14,511
25,595
20,212
106,481
7,824
44,186
71,134
434,058
161,554
1,086,056
month
8,232
of $12,630.
Interest Charges and Surplus.— The following Street
railways, In addition to their gross and net earnings given In
the foregoing, also report charges for Interest, &c, with the
surplus or defioit above or below those charges,
~Int.,rentals,etc.
way Gas &
El r o..Aug.
Dec. lto Aug 31
Cincinnati Dayton & Toledo Traction
Aug.
June 1 to Aug. 31
Cin. Newp. & Co v... July
Jan. 1 to July 31
Elgin Aurora & So. Aug.
June 1 to Aug. 31
Lond.8t.Ry. (Can.) July
Jan. 1 to July 31
July
Los Angeles Ry
Milwaukee Eleo. Ry. &
July
Light Co
Jan. lto July 31
July
Montreal St. Ry
Oct 1 to July 31....
Northern Ohio Trao. Aug.
Jan 1 to Aug. 31....
.
.
—
—
June
Paclflo Electric
Baoramento Electric Gas
July
& Railway Co
Feb. lto July 31....
Twin City Rap. Tr...Aug.
Jan. 1 to Aug. 31
Venango Power & TraoJuly
tion
t
$
1901-02.
2,347
Ourrent
Previous
Tear.
Tear.
3,481
89,447
&nar.gua.
451
326
311
305
9,105
4,700
4,350
4,250
3,350
4,250
1S8
96
131
4,350
4,250
84
ISO
776,507
4,321,133
$6,866
684,666
597,935
3,781,865
$6,121
3,327.948
$5,551
(st.
Pass. oars, (nar.gau.)
131
Operations Pass, carried (No.)..
1,356,001
Freight oar'd (tons>.179,843,295
Gross earn'gs perm.
$7,259
Earnings from—
$
Freight
12,150,028
Passengers
3,694,885
15,416
109.521
8,334
25,000
2,144
14,076
20,101
67,989
457,543
19,929
164,228
12,500
102,556
7.241
67,992
433,315
14,141
104,409
11,653
86,691
10,156
64,066
9,344
56,067
t76,350
t585,398
(77,733
610,500
8.999
24,797
19,066
100,314
13,044
29,378
4,729
13,033
32,333
15,183
69,861
11,867
30,391
4,393
12,622
16,328
58,459
331,230
84,760
538,748
29,649
113,710
5,512
68,956
240,953
73,575
496,863
22,016
84,902
9,167
58,366
107,831
656,216
10.868
50,414
86,204
500,658
4,066
1,191,915
Total earnings.. 17,036,828
11,452,404
10,246,080
9,270,248
1,191,508
357,261
1,087,899
3,997,761
152,690
336,779
1,144,574
236.644
935,360
3,733,975
144,133
291,153
1,107,636
224.609
690,044
3,269,221
135,491
283,350
7,123,893
6,485,839
5,710,351
(6220)
4,328,506
<63»30
(61-60)
3,760,241
3,559,897
Miscellaneous
—
way
Malnt. of structures
Malnt. of equipm'nt
Conduct'g transp'n.
Express expenses..
General expenses..
1,913,548
542,685
1,718.379
5,528,285
157,795
470,850
Total expenses. 10,331.542
P.o.ofexps to earns.
(6064)
Netearnlngs
6,705,286
INCOME ACCOUNT.
1900-01.
1899-00.
1898-99.
6,705,286
165,762
4,328,506
111,374
3,760.241
113,684
3,559,897
110,327
6,871,048
4,439,880
3,873,925
3,670,224
2,898,093
1,855,122
580.016
396,471
For new equipment
500,000
Dlv.onprt-f. stook.. (5)2,220,000(5)1,182,500
Renewal fond
120,000
140,000
Bond oonvers'n fund
Misoel. and rentals.
190,314
134,864
1,882,108
Netearnlngs
Other income
Interest on bonds..
<fe insurance.
Total
Surplus
6,508,423
1,900.810
337,552
177,590
(4)946.000 (4)946,000
60,000
60.000
120,000
120,000
139,829
95,133
1902.
164,203,214
313,922
956,787
618,747
1,105,000
177,389
1,245,844
905,902
1,110,880
3,377,643
bill
payable
Trafllo oalanoes
Page.
Railroads. Etc.—
440
American Agrlc. Chemical
495
American Hide & Leather
American Smelting & Refining.... 548
Ann Arbor
391
Associated Merchants' (report for
half-year)
Boston & Maine
840.
Buffalo Rochester'& Pitts
Buffalo & Suusquehanna
Butterlck Co. (official statement).
Calumet & Heel a Mining
646,
Central Foundry
Central Coal & Coke Co
Central of Georgia
547.
Chesapeake & Ohio..
Chicago Burlington & Quincy
Chicago & Eastern Illinois
Chicago Great Western
517,
Chic. Milwaukee & St. Paul... 647.
North-Western
438,
Chicago*
Cleve. Cln. Chic. & St. Louis.. 489,.
Det, Mack. & Marq. RR. land grant
mort. (statement 1879 to 1902)...
Erie RR
Gila Valley Globe & Northern..
Gul f & Snip lsl'na(adv. statement)
International Paper
440
840
848
891
238
238
553
840
183
439
661
340
692
668
556
444
464
182
392
840
547
440
Interest on bonds
Miscellaneous.
Dividends
Balance to profit and loss
Total
-V.
Pao*.
648
339
495
392
... 28«
287
Nat. Asphalt Co. of America statement for years 1900 and 1902
188
Nat. Enameling & Stamping
841
New England Cotton Yarn
841
New York Ontario & Western. 495, 605
Norfolk & Western
494, 501
Nova Scotia Steel & Coal
892
Oregon Short Line (abstract of 4
p. c. and parllci Dating gold mort.) 243
Yazoo
Louisiana
Louisville
Page Woven Wiro Fence
ment April
(state-
1,1903)
Peoria & Eastern
Republic Iron & Steel
St. Louis & San Francisco
Southern Indiana
Southern Ry
United States Envelope
Virginia-Carolina Chemical
STUKET RAILWAY8-
288
489
1488
288
887
438, 447
496
496
Chicago Union Traction Co
182
International Tract. (Buffalo, etc.) 648
New York & Queens Oo
392
Denver & Rio Grande Railroad.
(Report for the year ending June
SO,
The annual report has been issued in pamphlet form for
the year ending June 80, 1903. The remarks of President E.
T. Jeffery will be fonnd in full, together with valuable
tables, on pages 614 to 617 of this issue.
The comparative statistics below have been compiled for
the Chronicle, including in 1901-02 only the Rio Grande
Western RR. The average train load in 190 1-02 was 199
earnings per
tons, earnings per passenger train mile, $1 04
freight train mile, $2 43.
;
&
S
101,277,820
4,135.141
553,791
316,760
193,852
1,711,158
213,251
257,330
140,345
644,621
110,509,060
109,444,569
88,000,000
23,650,000
43,219,500
281,651
272,091
464,801
38,000,000
23,650,000
43,219,500
148,340
213,652
456,042
239,484
784.382
298,552
591,375
2,707,223
99,014
764,389
294,903
473,020
2,125,709
110,509,060
109,444,569
Mississippi Valley Railroad.
(Report for the year ending June
SO, 1902.
On pages 617 to 621 will be found the
Fish, together with the balance sheet
remarks of President
and detailed tables
regarding the operations of the year. Below is a comparative statement for
two
years:
OPERATIONS AND FISCAL RESULTS.
Average miles operated
Passengers carried
Passengers carried 1 mile
Rate per passenger per mile
Revenue freight
Revenue freight
(tons) carried
(tons) carried 1 mile
1901-02.
1,095
1,918,141
57,353,516
248
ots.
2,732,742
476,644,147
190001.
1,057
1,852,296
55,347,045
2'45 ota.
2,453,135
489,184,635
Rate per ton per mile
Train load (revenue) tons
Gross earnings per mile
0972
215
$6,014
215
$5,800
Freight
Passengers
Miscellaneous
4,634,798
1,422,005
530,552
4,064,698
1,367,369
$6,587,355
$6,127,942
$1,139,179
642,921
2,640,574
282,262
$983,555
501,741
Earnings—
Total
1902.
1900.
$
75, p. 842.
RAILROADS, Etc.— Won.)—
& Arkansas
& Nashville
Manhattan Railway
Missouri Kansas & Texas
Montreal Light Heat & Power
NaBhville Chatt. & St. Louis
164,203,214
33,139
1901.
S
A. 8 sets
3,637,085
30.
Cost of road and branches. ...113.517,437 101,221,584
Rto Grande Western stook
20,750,000
Equipment
8,656.444
4,135,141
Materials and supplies.
916.043
349,119
Agents and conductors
340,404
427,415
Individuals and companies
933,327
291,514
Securities in the treasury and
investments
4,992,186
2,385,820
Securities In Trust Oo
9,477,064
Bond conversion fund
Special renewal fund
403,922
281,651
Miscellaneous accounts
325,034
143,944
Cash
2.786,402
1,272,891
Loans and
an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Investors' and Street Railway Supplements.
This index does not include reports in to-day's Chronicle.
3,635,623
238,302
BALANCE SHEET JUNE
Pay-rolls
is
357,527
130,161
3,708,957
730,923
362,625
Renewal fund
Annual Reports.— The following
813,965
1901-01.
Vouchers
ANNUAL REPORTS.
$
6,961,804
1.494,479
Liabilities—
Capital stook, oommon
38,000,000
Capital stook, preferred
44,400,000
Bonds (see Investors' Scpp.). 73,096,100
Including dividends paid on preferred stock.
Canadian Pacific
$
$
7,651.643
1,776,760
817,677
Total
4,166
82
136
8,488,443
2,066,229
897,732
Taxes
15,820
47,459
15,968
108,993
8,334
25,000
2,311
15,904
20,980
1898-99.
1,670
1,674
(st. gauge)
Fr'tcars(nar.guage)
Pass.cars(8tan.gau.)
Total
669
86,899
13,697
50,110
13,357
154,971
189900.
1900-01.
1,663
Bal. of Net Marn's.-
.
Tear.
$
Tear.
Roads.
Charleston Consol. Rail-
—
Previous
Current
Equipment—
Loco.
Expenses fo>
Maintenance of
which $42,515 was paid as a dividend on preferred stock,
leaving a balance for the
OPERATIONS, EARNINGS, ETC-
Tear.
Roads.
Orange Co. Trao
June
July 1 to June 30
lxxv.
rvoL.
Expenses—
Maintenance of way, etc
Maintenance of equipment
Transportation and general
Taxes
Total
ots.
0831
ots.
705,875
2,272,599
300,356
Netearnlngs
Other lnoome
$4,704,936
1,882,419
47,752
$4,058,251
2,069,691
Total
Interest paid on bonds
$1,930,171
1,064,417
$2,070,386
1,004,306
$865,754
$1,066,080
Balance, surplus
—V. 73, p. 672.
695
)J
)
$
September
THE CHRONICLE,
20, 1902.J
Ann Arbor
Railroad.
{Report for tht year ending June 30th, 1902,
President W. R. Burt says in substance :
The grcss revenue ae compared with the previous fiscal year was
Increased by $139.262— about 8 per cent— ana exoeeds that of any
year fince the organization of the company; the revenue per mile of
road was $6,486— $477 per mile more than for any previous twelve
months. The marine servloe contributed about $624.650— $606,000
to freight and $18,000 to passenger revenues. More than 46 per cent
of the gross freight earnings are jiow derived from the operation of
the car ferries.
In September a ferry landing and valuable terminal traok privileges
were acquired at Manlstlque, Mich. By this means the company
eeoured two additional railroad connections, access to the several
Iron-ore producing districts of the Northern Peninsular, ana a profitable local business. The harbor will —when Improved— be as accessible for winter navigation as any un Lake Michigan.
About $150,000 has been expended for land, engines, machinery,
correcting grades, eliminating curves, adding to terminal facilities In
Toledo, and otherwise improving the property. In addition there has
been an outlay of $§6,000 (or $47 per oar) to maintain freight and
925,000 tor $9f per car) to maintain passenger equipment $65,000
(or $1,418 each) for repairing engines and $42,000 (or $14, 0o0 each)
for maintaining boatB. About 30 more miles of 70 lb. rail has been
substituted for a 56-lb. rail ($89,000 being expended for this purpose
tome 200,000 ties renewed; and 20 miles of excellent ballast provided
and put in place.
The comparatively low rate per ton per mile (68 mills) is attributable to the lirge percent of through tonnage carried; nevertheless
the condition ot the property is modern and oa the basis of present
gross revenues the stockholders may expect that a profit of 30 per
eent [of the gross earnings afterpayment of operating expenses] will
be realized hereafter.
All expenditures— inoluding those for additional property and improvements have been oharged to cost of operation.
;
;
—
Of the
number of tons carried (1,594,917) 512,182
cent) was products of forest, contrasting with
total
(32-11 per
products of agriculture, 220,551 tons
503,019 in 190C-01
bituminous coal, 379,674 tons, against
against 306,391 tons
;
;
285,892.
sheet, etc., were
EOAD AND OPERATIONS.
1899-00.
1901-02.
19C0-01.
The operations, earnings, balance
:
1898-99.
292
292
318
$1 65
$5,897
417,315
276
$1 58
292
292
Miles road operated
Operations—
Av. train load (tons)
Passengers carried..
Passengers car. 1 m.
Rate per pass. p. m.
$6,486
451,208
6,425,730
$5,205
375,429
13,279,863
14.821,971
2-25 ots.
2 27 ots.
205 Cts.
2 29 Cts.
1,319,036
1,589,270
1,504,206
Fr'ght (tons) oarried 1,594,917
Frgt. (tons) car. I m. 200,264,691 191,250,216 197,105,961 170,589,582
063 ots.
65 ots.
68 ots.
065 ots.
Rate per ton per m.
EARNINGS, EXPENSES AND CHAROES.
1898-99.
1901-02.
1900-01.
1899-00.
Earnings—
$1,365,594 $1,258,224 $1,233,714 $1,096,948
Freight
340.461
282,431
375,523
347,181
Passenger
152.293
139,955
Mall, express & misc.
148,743
147,278
1
$1,893,410
Total
15,034,478
$1,754,148
$1,721,453
—
190102.
Average miles operated
$634,671
267,964
411,197
59,224
$602,842
304,702
348.692
52,927
$S73,910
387,920
312,419
50,371
$529,849
354,408
235,975
52,158
$1,373,056 $1,809,163
$520,354
$444,985
$280,000
$280,000
Int. on bonded debt.
Other interest, etc..
185
1,331
Taxes
52,312
49,733
1,324,620
3,805
46,003
$1,172,390
$346,944
$280,000
8,803
40,158
$331,064
$113,921
$329,808
$67,025
$328,956
$17,988
Total
Net earnings
.
$332,497
$187,857
Total
Balanoe, surplus
$396,833
$280,000
GENERAL BALANOE SHEET JUNE
1902.
$
Current assets
Cash
..
1,133
Operations —
832,385
" lm. 38,228,823
2*647
ots.
Rate per passenger per mile..
8,669,861
Rev. freight (tons) oarried
car.
lmile.360,607,908
Rev. freight (tons)
I*i04ots.
Rate per ton per mile
188
Av. revenue train load (tons).
$1*16
Earnicgsper pass, train mile.
$2*26
Earnings per freight tr. mile..
$4,926
Gross earnings per mile
Revenue passengers
carried...
Total
" equipment....
Oondnoting transportation ...
General
Taxes
Total
Per cent of expen. to earns..
Net earnings
Income from investment, etc..
Total
Deduot interest on bonds
War revenue tax
30.
1P01.
t
13.52^.635 13,522,635
928,£8i
928,884
461,1*1
380,708
116,72-1
215,751
11,959
16,578
1002,
1901.
IAabiHties—
Bonded debt
•
7,000 oon 7,000,000
Stock, preferred.... 4,000,000 4,000.000
Stock, common.... 8,250,0OJ 3,250.000
79,100
Bond int. accrued.
75,940
62.S91
State Mich. taxes..
66,750
263, 8X3
Current liabilities.
255,7 05
810,158
Income amount.... 498,015
will
605,065
27,102,650
2741 cts.
2995
2,927,364
308,179,266
1*207 ots.
179
cts.
2,564,547
258,943,438
1*242 cts.
153
$0*94
$1*89
$3,712
$099
$2*16
$4,200
$
$
3,216,918
5,580,327
4,794,649
4,237,743
951.554
736,591
2.186,966
169,134
216,180
697,843
636,681
2,017,882
155,463
204,431
532,205
60i\S72
1,838,493
156,282
197,923
4,260,425
3,712,300
3,330,774
(76*34)
(77*42)
(78*60)
1,319,902
59,460
1,082,349
1,379,362
730,517
22,086
1,124,524
715,120
3,756
945,390
696,196
3,850
752,603
626,759
718,876
405,648
700,046
245,344
811,835
208,990
906,969
38,421
42,175
the accumulated surplus paid 2% on 1st pref. stook in Feb.,
1901; li-a in Oct., 1901, and l*a In Apr., 1902, and
1902.
2% in Feb.,
pay 2% Oct
,
BALANCE SHEET JUNE
1902.
1901.
$
8
Assets—
Road and equip
63,48rt,988 63,523,392
Improvements..
New equipment
828,944
1.749,282
9"8,211
Individuals & cos..
220,495
A gents & conduc. 169.732
U. S. Government.
20,974
Cash
,
Colorado warrants
Advance insurance3
C.
687,887
81,351,208
3,720,623
859,441
214,585
Surplus*
From
1899-00.
1,142
$
Expenses—
Maintenance of way, eto
*
1900-01.
1,142
4,339,938
1,011,975
228,414
Earnings—
Freight
Passenger
Express, mail and misoel
1900;
Transportation
Malnte'ance of equip.
Main, of way& build.
General
Miscellaneous..
Maintenance op Wat.— The number of cross-ties laid for maintenance of existing tracks was 394,892. ccmoared with 399,506 the preceding year. Orders were given for 53 Hi miles of 7 5- pound rails to
complete the renewal of the line between Trinidad, col., and Des
Moines, N. M., and these rails are now arriving and being laid. In
order to have the fiscal j ear's expenses oharged with its fair proportion of the co6t, $75,000 was charged to maintenance of way and
structures and credited to " rail renewal fund." The amount charged
to maintenance of way and structures for the year, per mile of road
owned, including this aoorual. was $886.
General Remarks.—The supply of timber and ties on the Catskill
Branch, running southwesterly from Trinidad, Col., into the Maxwell
Land Grant, having been practloally exhausted, 25 miles of that pieoe
of road was taken up during the spring of 1902, and the terminus Is
now at Pels station. 22 miles from Trinidad, Col. This move was further made expedient by the construction of the Colorado & Wyoming
road (in the interest of the Colorado Fuel & Iron Co.) from a point
near Trinidad. Col., up the Purgatoire river. The value of the salvage,
$3l.:J 82, will be applied on improvements.
The new beet sugar factory [of the Great Western Sugar Co] at
Loveland, Col., referred to in the last annual report, had a successful
season; the number of tons of beets handled by your company for said
factory was 49,130. The factory has this year nearly doubled its capacity, and a considerably larger crop than last year is expected.
Operations. The operations, earnings and balance sheet
follow:
operations and fiscal results.
$1,519,334
Expentes—
Equipment
607
"
291
$1 64
$6,009
436,^44
230
$1 66
Earns. p.pass.tr'nm.
Earns p.fr'ghttr.m.
Earns p. mileof road
Assftf—
Cost of road
.
.
& S.
& bds.
& sup
stk.
Materials
D. U. D. & Ry. stk.
P. U. D. & HR. stk.
854
8,*52
380.872
390,288
80,000
t-,120
9.H00
do do sink. fd.
Other securities.
1,116.201
Discount on bonds
.
& miscellaneous.
Total
102,319
780,299
691,143
666,912
160,086
162,814
20,205
2.HM2
6,442
61,934
298,621
80,000
8,120
8,800
1,174,346
131,133
SO.
1902.
1901.
$
$
IAabUitits—
common
31,000,000 31 ,000,000
do 1st pref
8,500,000 8 500,000
8,500,000 8 500,000
do 2d pref
First mtge. bonds.,18,474,000 17 ,1)03,000
Car trust notes ...
567,368
198,191
Bal. on locomot's..
208,800
124.75*4
Vouchers
241,963
352.346
Pay-rolls
269 *79
Foreign ro ads
145,987
193,780
8,760
Coupons
13,140
187,133
Accrued taxes
278,3*0
2W8.385
307,900
Accr'd int. not due
37,144
Kqul. renew'l fund
57,444
Kail renewal fund.
75,000
41,652
Rails released
7,621
16,903
Miscellaneous
807,205
135,446
Profit and loss
Stock,
69,476,082 67,678,114
Total
69,478,082 67,676,114
-V. 74, p. 1855.
Fort Worth & DenTer City Railway.
(Report for the six months ended June 30, 1902.)
—V. 75, p. 393. 391.
A resolution was adopted by the directors on June 4, 1902,
changing the fiscal year to end on Jnne 30 instead of Dee.
Colorado & Southern Railway Co.
31.
Tnis interim report is for the six months period ended
(Report for the ffkcal year ending June SO, 1902
Judo 30, 1902. The next annnal report will be issued for the
President and General Manager Frank Trumbull says in
twelve months ending June 30, 1903.
substance:
RESULTS FOR THE 6 MONTHS ENDED JUNE 30, 1902, AND JUNE 30, 1901.
General Results.— The gross earnings for the year show an inTotal
15,140,409 14,965,531
Total
1
5,146,409 14,965,531
crease of $785,177, or 16*39 p. o., and the net earnings an increase of
$249,308, or 1937 p. c. The surplus over fixed charges was $626,759,
being an increase of $221,111, or 54*51 p. o. The expenditures for
maintenance of way and ^structures were larger by $253,710, or 32-29
p.o. Of the increase in gross earnings $619,314 was derived from
freight trafflo and $152,533 from passenger traffic To this increase
in freight earnings, products of agiiculture contributed $36,515; produols ot mines (Including bullion and lead) contributed $430,095; merchandise, $58,823. and other shipments $9,3,882.
[Of the 3.669,861 tone of freight carrted. 4937 p. o. was ooal and
coke, 18*65 p. o. was ore, 3 96 p. o. stone and 4*45 p. o. lumber; re-
1901-02
$762,796
263,603
93,152
1900-01.
Freight earnings
$708,465
226,337
86,028
Passenger
Mall, express and miscellaneous
Gross earnings
Maintenance of way and structures
Maintenance of equipment
Conducting transportation
General expenses
$1,119,556
$1,020,830
$218,555
104,456
408,753
30,019
$^15,262
170,850
408,015
83,870
-
mainder various.]
The increase in freight earnings during the year having been greater
than anticipated a year ago, the transportation capacity has been still
more severely taxed, the revenue and company tons oarried one mile
during the year having amounted to 416,273.814. as compared with
348,617,3*9 last year, an increase of 16*25 p. o. The average rate per
ton per mile this year was 1*204 cents, as compared with 1*207 cents
invest. (15,624), interest
Total
Equipment.-—The following additions to equipment were made during the year: 25 consolidation locomotives, weighing about 174,000
pounds on drivers; 333 forty ton capacity eoal oars; 98 thirty-nve-ton
oapaclty flat oars (converted mto ooal oars); 300 thirty-ton oapaolty
box oars; 100 stook cars; also, 162 narrew-gauge ooal cars. The locomotives have been paid for in full, the last payment having been made
in July, 1P02. The 98 c"r>al oars were paid for in cash at time of purchase. The cost of the other cars was financed by car trusts under which
20 per cent was paid in cash, the remainder being payable in monthly
,
&
s«27,997
$756,783
$291,559
$264,047
7.822
dlsoount ($2,19f)._
$2y»,381
Deduct—
Interest oa bonds
Taxes
Rentals
last year.
instalments over a period of five years.
Operating expenses
Net earnings
Income from
$246,725
21,000
5,000
372,725
$26,656
369.757
$390,414
Net credit to Income
Balanoe Deo. 31, 1901
Surplus of 1901 paid to Morton Trust Co., Trustee for
Stamped
Stook.
Balance, credit of profit and loss
x In April, 1902, this stock received a dividend of 2 p.
plus earnings of the years 1899-1901.—V. 74, p. 528.
o.
x39.981
$366,433
out of sur-
:
—
:
.
;
THE CHRONICLE.
608
BALANCE SHEET JUNE
Assets-—
Roadbed and equip. ..$17,267,040
Hew equipment
80,299
17.701
21,831
324,334
137,645
76,071
65,439
23,963
52,153
19,490
3,684
134,905
Trustee 1st M. (sp. id.)
Real estate owned
Stocks & bonds owned
Cash
Equipment fund
Indlvld'ls & compan's
Foreign roads
Agents & conductors..
Cash
pay coupons..
to
Insuranoe pd. In adv..
Material and supplies.
Total
30, 1902.
Liabilities—
$6,835,008
Common stock
2,539,992
Stamped stock
8,176,000
First mortgage bonds.
78,572
Pay-rolls
833
Worth Term. Co..
UDpald coupons
Equipment fund
Ft.
Int.
accrued not due..
Taxes aeorued
Balance to credit to
profit and lose
19,490
76,071
40,880
19,367
356,433
-V. 74, p. 675.
Georgia Southern & Florida Railway.
{Report for year ended June SO, 1902. J
President Samuel Spencer says in part
and 184*55 miles with
60-lb. rail.
A contraot has been made for
the purchase of 500 box oars, 100 flat
oars, 40 coal cars and 25 stock cars. Of the box cars 200 were delivered prior to June 30. This equipment Is to be paid for 20 p. o. in
cash and the remainder under equipment trust obligations bearing 4%
p. c interest and maturing in twenty semi-annual Instalments dated
from Sept. 1, 1902. The 20 p. o. cash payment, amounting to $100,010 90, was paid prior to June 30.
During the year there has been a steady agricultural and industrial
development along the entire line of road. An oil mill is being erected
at Vienna and one projected at Ashburn, The phosphate pebble mines
near Avoca, Fla., are now in operation.
Of the total tons carried (743,849), products of forest contributed 474,069 tons in 1901-02, contrasting with 448,801
tons in 1900 01.
The operations, earnings, expenses, charges, etc., have
been as follows
OPERATIONS, EARNINGS, ETC.
1900-01.
1899-00.
1901-02.
1898 99,
Operalioas398,762
368,577
305,510
438,407
Passengers carried
Passengers car'd 1 mile. 14,451,175 14,163.578
2-49 ots.
Reo'ptsper pass, perm.. 2-54 ots.
743,819
691,900
Tons freight carried
Tons freight oar'd lmile.6R,36tf,659 59,467,091
1*149
1239
cts.
ots.
Rate per ton per mile...
Earnings—
Total
Expenses —
$
$
$
735,435
353.267
115,109
747,668
323,652
109,094
590.743
260,033
103,022
1,250,875
1,203,811
1,180,412
953,798
182,610
302,398
359,785
111,113
242,756
211,808
348,271
100,309
242,262
207,574
327,269
92,558
123,877
191,272
290,402
90,164
955,906
903,144
869,663
(76*42)
(75*02)
(73 67)
294,969
14,089
300,667
12,789
310,749
11,719
695,715
(7294)
258,083
3,302
309,058
190,050
*77,560
313,456
190,050
99,240
322,468
187,550
66,720
261,385
181,250
83,820
267,610
41,448
289,294
24,166
254,270
68,198
def.3,835
Maintenance of way
Maintenance of equip ...
Conducting transports.
Gen'l expenses & taxes..
Total
Per cent of exp. to earns
Net earnings
Other income
Total
Interest on bonds
Dividends
Total
Balanoe, surplus.
'
5 p.
c.
on
first
12,622.981 10,573,564
2*55 ots.
2-46 ots.
601,804
737,668
48,401,471
55,886,992
1*338 cts. 1*221 ots.
$
762,840
367,901
120,134
Freight
Passenger
Mail, express and misc.
,
preferred and 4 p.
c.
ASSGtS
—
Road and
$
equip...
Securities owned... 217,500
59,709
Mat'l and supplies...
121.609
...
Cash
Cash for int. and in
transit
Agents
& conduct'rs.
Gov't (mail)....
Connecting lines
TJ7S.
Individuals
Leased
& corn's.
rail
75, p. 441
$
107,500
55.404
43,251
124,614
7,502
11,058
1,663
41.142
27,671
7,286,092 7,103,818
Total
-V.
164,071
9,235
11,653
3.613
39,965
25,259
.
SO.
1903.
1901.
.0,633,353 0,083.353
265,070
on second.
CONDENSED BALANCE aHEET JUNE
1902.
steel bridges have been erected or strengthened; 79 concrete culverts
have been built, and a large amount of work has been done In strengthening trestles; 1,493,779 ties have been put In the track; 46 miles of
side tracks have been constructed; 282 traok miles of new fenoe have
been built, completing the fencing of the main line; five new depots
have been built.
It may be of Interest to note that 829 miles of main line still remain
unballasted, 310 miles of main traok still remain laid with light rail
and 302 miles of branch lines unfenced. Contracts have been made
for the delivery of 30.000 tons of steel rails during the current year
and for the fencing of all remaining lines. The policy of the manage-
ment is based upon the oonvlotion that the rehabilitation of the railway must be found in gradually Increasing its efficiency, so that in
time the company may derive a larger percentage of profit from Its
operations.
1901.
Liabilities—
s
$
Stock (INV. SUPP.).. 2,768,000 2,768,000
Bonds
of competition alluded to in the
has made material progress, and its effect will doubtless
be felt unfavorably to some degree in the ooming year. The Choctaw
Oklahoma & Gulf Ry., recently our most important ally in the coal
trafflo, has passed under the oontrol of the Chic. Rook Island & Pao.
Ry., and Its tonnage will doubtless be largely diverted to the latter
system. The Fort Worth & Rio Grande Ry. has passed in like manner
under the control of the St. Louis & San Francisoo, wbloh will doubt-
last report
some diversion of the cattle trafflo. The impending Rook
Island extension to Dallas and Galveston, and the extension of the
International &. Great Northern to Fort Worth, now about completed,
will serve still further to divide the traffic of the common territory.
Your Indian Territory line his been intersected at Muskogee by the
Ozark & Cherokee Central Ky.; at Crowder.Oity by the Fort Smith &
Western Ry., and at Durant by the Arkansas & Choctaw Ry. (Frlsoo).
To maintain our hold upon the fertile region in the Indian Territory
west of the main line, which has recently been invaded by extensions
of other lines, the Missouri Kansas & Oklahoma BR, Co. (V. 74, p.
1038) has been organized in Oklahoma and Is now constructing an extension from the Coffey vllle Branch from Stevens in the Indian Territory to Oklahoma City and Guthrie, with a brauch through the fertile
Arkansas River Valley to Wybark In the Indian Territory on the Misless entail
in expense of conducting transportation is mainly due
to inoreased cost of fuel and additional train service and the increase
in maintenance of equipment to the cost of one freight, locomotive, 4
passenger coaches and 2 combination mail and baggage oars, and to
payments on account of 20o ventilated box oars purohased under
equipment tr ist. The company has no floating debt and has had none
since its organization. There were placed in the traok during the year
116,049 cross ties, in comparison with 126,144 cross-ties the year previous. Of the main line (285 miles) 100-45 miles are laid with 75-lb.
The Increase
Steel rail
LXXV.
Extensions.—The development
$18,224,554
Total
.$18,224,554
...
81,907
Vouchers
[Vol.
In. Sup.)3,80i,O00 3,8U 1,000
lw,U5
21,120
21,54*2
39,004
99,250
99,200
39,016
56,682
31,403
87,395
35,609
2,757
4.347
Due connect'*; lines.. 32,307
35.331
Front and loss
389.061
318,213
(.see
Taxes, not due
Reserve funds
Int. due and unpaid.
Dividends
Audited vouchers. .
Pay-rolls (June)
Miscellaneous
Kansas & Texas main line, with a view or mergi ng .itself when
completed with the Missouri Kansas & Texas Railway system. The
total miieage Is about 275 miles, and a further extension of the line
from Oklahoma City southeast to a junotion with the Coalgate
Branch, especially with the view of opening up new markets for ooal,
has also been projected.
New Equipment.— The Increased trafflo has entiiled a corresponding increase of equipment facilities. There were delivered during the
year, under oontraots previously made, 37 locomotives, 36 cars In
passenger servioe, 533 box oars, 200 combination ooal and stock oars
and 800 coal care. Additional contracts have been entered into for
33 locomotives and 100 ballast oars for delivery this autumn, and 50
coaches for future delivery. As pointed out in a previous report your
company has little available capital, and its purchases of engines and
cars have been met necessarily by funds derived from earnings, which
payments are a fixed charge no less imperative than the other obligations of your company. The disbursements made on this aooount to
June 30th, 190*2, amounted to$2,233,734, which sumhaebeen charged
to Income account, reducing the latter item in the balanoe sheet to
$1,260,348. The amount now in new equipment acoount is represented by an equal sum in equipment notes, deferred payments extending to I90e, whioh it is expected may be readily met from the
surplus revenue of each year.
Bonds, Stock, Etc.—The mileage has been increased by 75*31 miles
of small ex ten- ions as follows: Moran to Iola, 15 miles; lola to Piqua
(leased), 7 miles; Mineral to Joplin, 29 miles; Oenlson to Bonham
(leased), 24 miles. The balanoe sheet shows corresponding Issues of
$880,000 extension bonds and $820,000 common stock against the Insouri
creased mileage. The company is free from floating debt.
During the year elapsed your company has refunded the $1,000,000
7 per cent Boouvllle RR. Bridge bonds at 4 p c. Interest. The sinking
fund had retired $666,000 of the original issue and your company receives substantially all the new bonds corresponding to this amount.
The Missouri Kansas & Eastern Railway being now oonsolinated with
your system as its St. Louis division, a 4 per cent refunding mortgage
for $6,000,000 was authorized, of which $4,000,000 bonds were lodged
with the trustee to retire at maturity the tirst mortgage of same amount
$666,000 were devoted to the retirement of the 2d mortgage, whilst the
remainder was rendered available for improvements and betterments
on the division covered by the mortgage. The prooeeds realized from
the sale of these two issues have been credited to an improvement fund
for the creation of needed betterments to your property, of whioh
$423,731 was expended during the year, on June 30, 1902, there remained a balanoe of $1,092,336 14 to the credit of the improvement
aooount, as appears in the balance sheet.
Rates, Etc.— The rate situation, in so far as Texas is ooncerned, has
been satisfactory, but a considerable disturbance has prevailed
throughout the territory on and west of tae Missouri River. Since
the 26th of March, however, most of the lines traversing that field
have been under the injunction of the United States Court to maintain
legally published rates, and the disturbances which previously existed have not been notloeable. Notwithstanding some damage to the
growing crops early in the season by protracted drought, and later
by extensive floods, the prospects for crops generally over the system
are very favorable.
Statiatics.—The comparative figures of operations, earn-
ings, etc,
.
Total
7,286,092 7,163,818
289.
Missouri Kansas & Texas Railway.
{Report for the year ending June 30th, 1902.)
Chairman and President Henry C. Rouse says in substance:
Operations.— The company's business continues to expand, the
gross earnings showing an increase of $988,317, the operating expenses an inorease of $723,193 and the aggregate tonnage 129,453
tons. The earnings per ton per mile were *904 cents, against 927
cents, and the tons hauled per train mile were 206*4, against 2 1 2*2 for
the previous year. The decrease in cotton tonnage of 47,529 tons was
caused by the short crop, and the competition, of rival lines has
diverted a certain pro portion of coal traffic, but the losses thus created were compensated by Increased movement In other commodities.
While the earnings per mile have been somewhat less than during
the previous year (6.556 against $6,800), the unfavorable crop conditions more than acoount for the difference. The most striking decrease in trafflo appears in the movement of coal, due in part to the
substitution of fuel oil In Texas and the changed relations with the
Choctaw Railroad. It may be stated that the natural flow of oil of
nearly all of the wells In the Beaumont diatrlot has diminished, resulting in a considerable increase in the cost of oil, a fact which may reflect favorably upon your future coal trafflo.
Physical Condition.— Various changes of alignment have been
made amounting to *22 miles; the reduction to a live-tenths grade of
the line between Mo Alester and South MoAlester is nearlng completion, an important grade reduction at Taylor, Texas, has been completed and others have been commenced; 10U miles of ballasting
nave been oompleted with rook, burnt clay, cinders or gravel; 189
miles of new 66-D0und rails have been substituted for light rails; 11
have been as follows:
OPERATIONS AND FISCAL RESULTS.
1901-02.
Miles oper.. aver...
2,500
1900-01.
2,265
1899 00.
2,218
1898-99.
2,200
Operations—
2,327,716
2,071,621
Pass, carried
Pass, carried 1 m... 139,024, 626 117,367,561
m.
2187
ots.
2265
ots.
pass.
p.
Kate per
4,884,976
Tons freight car'd.. 5,014,429
1396710077 1304692564
Tons fr't oar'd 1
m
Rate per ton per m.
Grose earns, per m.
Earnings-
0*904 ots.
$6,556
$
927 cts.
$6,b00
$
1,609.812
94,730,315
1.471,070
82,422,598
2 273 ots.
2358
3,936,957
ots.
3.594,500
1176879464 1005776939
810 ots.
0934 ots.
$5,693
$5,423
$
$
3,040,842
Paisengers
12,632,692
Freight
717,865
Mail, express, etc..
2,668,245
12,097,618
647,220
2,152.768
9,886.995
1,943,123
9,39 1,922
5b6,749
592,289
16,391,399
Total
Expenses —
Conducting tran'n. 6,625,917
2,645,289
Malnt'nce Of way..
1,498,573
Malnt'nce of equip.
expenses..
777,427
General
324,358
Taxes
15,403,083
12,626,512
11,930,334
5,922,286
2,815,607
1,361,581
724,539
310,133
5,256,908
1,452,452
1,098,199
666,572
291,339
4,809.314
1,322.650
934,991
675,706
270,168
11,871,564
Total
(72)
P.O. exp. to earns..
4,519.835
Net earnings
11,184,147
8,765,470
8,012,829
(72)
(69)
(67)
33,813
4,268,936
38,137
3,861,042
43,209
3,917,505
61,588
4,553,648
4,307,073
3,904,251
3,979,093
3,226,844
417,865
3,118.015
Rentals
3,082,093
3,1,292
3,063,593
366,817
Total
Balanoe, surplus...
3,644,709
908,989
3,507,157
3,453.385
450,866
3,430,410
548,683
Other income
Total
T)i*it)'1t't*SC ftXGti
ts
—
Interest on bonds..
389,142
799,916
JJ
.
September
:
THE CHRONICLE.
20, 1902.]
CONDENSED BALANCE SHEET JUNE
30.
1901
1900.
1899.
$
$
$
$
Assets —
Road eouip., &0... 154,782,289 151,565,268 148,000,542 141,151,443
4S8.H51
472,401
472.400
787.480
Bonds and stocks...
712.264
1,275,384
712,934
1,388.555
Cash
896,423
874,679
789,922
590,559
Duefr'agts. ind.&o.
674,175
1,282,858
901,493
454,734
Mater'lsA supplies.
1902.
1?8,81 8,776 155,079,225 150,549,304 143,697,150
Total
Liabilities—
Stocks (see SUPPT). 72,569,200
71,749,200
71,193,500
68,462,500
77,206.257
74,712,199
70,914,940
223,274
218,058
216,714
213,244
891,112
883,318
375,565
1,584,802
842,554
844,831
1,603,990
476,884
2.5S5.142
195,120
1,785,226
1,483,177
300,083
144,0661,334,359
Bond and notes (see
Investors' Supp.) 80,872,535
W. Stable Car
Line, def. pay'ts
8t.
due and Int. aoorued not due
Rail repl'ment fund
V'ehers & pay rolls.
Improvement fund.
Int.
1,642,229
1,092,336
267,750
1.260,348
Miscellaneous
Income account....
158,818,776 155,079,225 150,549,304 143,697,150
Toatl
-V.
75, p. 392, 290.
30, 1902.
1901-02.
1900-01.
189900.
Gross earnings
Operating expenses
6,194,304
4,552,260
5.826.401
3,962,338
5.612,923
3,753,971
5,022,097
3,283,337
Net earnings
Other inoome.*
1,642.044
153,857
1,864,063
134,535
1,858,952
85,754
1,738,760
81,071
Total net Income
Fixed charges
Sinking fund
Dividends, 6 p. o
1,795,901 1,998,598
1,405,864 1,394,488
29.440
29,440
298,554
298,566
1,944,706
1,379,099
1,819,831
1,368,178
29,440
298,543
29.440
298,531
Balance, surplus
Investments oharged
62,031
276,115
200,000
237,613
153.467
123,682
70,003
62,031
76.115
84,146
53,679
off
Surplus
1898 99.
-V. 73, p. 1007.
Texas Central Railroad.
("Report for the year ending June 30, 1902. J
Charles Hamilton, Vice President and General Manager,
says in substance:
General Results— The decrease of $127,216 In freight earnings Is
dne to the partial drought that reduced the production of cotton tributary to the line, from 1 1 9,465 bales handled during the ootton season of 1901 to 81,000 bales handled during the past season, with a corresponding deorease in the amount of ootton produots consisting of
seed, oil, cake, etc, handled during the same period. A further reduction in earnings was caused by the almost total destruction of the
wheat, corn and oat crop by drought and the business depression that
necessarily followed. The lnorease in passenger earnings of $13,824
Is the result of the settlement of the Western Counties which has
taken plaoe sinoe the oonstruotion of the extension from Albany to
Stamford, and the Increased passenger facilities afforded.
Extension.— Early in the year it was determined to build an extension from Ross to Waoo, 11^ miles, and to improve and occupy our
own terminal facilities In Waco. The oost of this line, together with
the necessary Improvements and terminal facilities, ras estimated at
$200,000, and 1st mortgage 4 p. o. bonds for $150,000 were Issued in
part payment of the cost, rhe construction was commenced in April,
and is so nearly completed at this time that it is expected that It will
be ready for operation about the 1st of September next.
Earnings, expenses, charges, etc., have been as follows
1901-02.
1900-01.
1899-00.
189899.
Earnings—
Passengers
$170,158 $156,334
$75,798
$92,785
Freight
387,357
514,573
254,101
294,347
Mall, express, eto
36,153
36,684
24,263
28,687
Gross earnings
$593,668
Operat'g expenses and taxes 434,925
Net earnings
Deduct—
Interest on bonds
Improvements, eto
Miscellaneous
Dividends on pref. stock
Total.
Surplus..
$707,591
441,804
$375,573
245,958
$394,408
228,538
$158,743
$265,787
$129,615
$165,870
$26,330
$25,000
er. 1,776
er. 2,724
132,458
165,570
$22,583
19,858
4,200
52,980
$17,754
54,861
461
52,980
$167,011 $187,847
$1,782
$77,940
BALANCE SHEET JUNE
1902.
1901.
Assets—
$
$
Property account
4.570,663 4.670,663
Bonds & st'k in treas 721,200 676,200
Cash In bank.
5,485
3,750
Due I'm RRs. &oth. 38,^54 209,131
Fuel and supplies.
54,658
11,823
Ties on hand
6,423
. .
Stamford extension.
Total
—V.
The company's earnings and balance sheet compare as beThe Hestonville System is included after Jan. 1, 1898.
low.
190001.
1899-00.
302,255,286 292,237,924
$13,269,465 $12,996,291
5,836,186
5,624.898
1901-02.
No. pass.oarried.325,801 ,963
Gross earnings.. $13,969, 233
6,402,338
Oper. expenses..
121,722
5,511,982 5,477,990
$99,621 $126,056
$39,814
$29,994
30.
1901.
1902.
Liabilities—
S
$
First mort. bonds... .1,300,000 1,150,000
Stock, common
2,675,000 2,676,000
Stock, preferred
1,3*5,000 1,325,000
16.845
Pay-rolls
17,«20
21,929
Vouchers
19,307
Due RRs. and others 16,428
67,368
6,s!5o
Int. due & accrued..
7,300
216,598
Income account
113,415
Dividends due
33.112
Taxes
4,800
Total
5,511,982 5,477,990
75, p. 499.
Union Traction Company of Philadelphia.
(Report for the year ending June 30, 1902.
The report presented at the annual meeting on Wednesday
shows a surplus from the operations of the year of $1,078,038,
contrasting with $881,267 the previous year.
President John B. Parsons says in substance
The roads under construction at the time of the last report are now
in operation, viz
From Frankfordto Germantown, via Orthodox and
:
:
Arrott Streets, etc.; on 52d Street, from Lancaster Ave. to Baltimore
Ave.; on 49th Street, from Chester Ave. to Baltimore Ave.
The $150,000 Lombard & South Streets first mortgage 5s have been
extended for 50 years at 3 ifl p. c. interest, and $75,000 Hestonville
Mantua & Falrmount first 6s have been paid off and a like amount of
313 per cent consols Issued in their stead. The stockholders on May 5
authorized the issue of $1,600,000 of fifty-year 4 per cent collateral
gold bonds, secured by a deposit of 35,000 shares of the common
stock of the Hestonville Mantua & Fairmount Passenger RR. Co., for
the purpose of funding floating debt.
[The report gives verbatim the resolution as adopted|by the shareholders authorizing the leasing of the property to the Philadelphia
Rapid Transit Co. ]J
1898-99.
259.527,668
$11,793,858
4,793,366
(43-98)
(42'28)
Net earnings.... $7,566,895
148,925
Other Income...
$7,433,279
162,216
$7,371,392
253,528
$7,000,492
242,408
Total net.... $7,715,820
$7,595,495
$1,029,963
5,704,265
$7,624,921
$1,023,266
5,663,633
$7,242,900
$991,101
5,684,726
do.
(45 83)
p. ct....
Taxes & licenses
Fixed charges...
$903,842
5,733,940
$1,078,038
Surplus
The payments on account
(40 64)
$861,267
$938,020
$617,073
of capital during the year ag-
gregated $1,783,562, viz
Advanced to leased roads, $30,107; construction of power houses,
:
etc, $339,754; oar equipment, $659,867; tools, etc.. $28,477; construction of extensions for leased lines, $619,026; Btock of underlying
companies, $29,697; real estate, $76,633; total, $1,783,562. "Total
amount of operating cash used in capital payments to June 30, 1902,
$4,818,033.'*
BALANCE SHEET JUNE
Maine Central Railroad.
(Statement for the year ended June
Waco extension.
609
30.
1902.
1901.
1900.
$230,464
242,995
$214,608
242,995
$236,582
242,995
6,659,655
259,939
4,728,886
617,838
30,427
5,225,703
90,249
5,880,573
190,709
3,847,868
5,584,091
90,249
5,556,839
277,236
3,227,232
398,586
36,519
5,516,758
90,248
$18,086,055
$16,510,641
$15,583,046
$10,500,000 $10,499,912
31,418
12,400
204,192
111,466
218,820
382,265
1,332,496
1,450.204
1,560,000
800,000
*1, 004,102
"902,568
Open accounts, leased lines. .
239,012
Due underlying companies
215,791
120
Trustee accounts
120
Profit and loss
3,097,429
2,084,381
$10,499,912
13,305
140,701
274,255
1,331,693
1,731,473
231,215
176
1,360,313
Assets—
Cash
Fire insuranoe fund
Advances to leased lines
Supplies
Construction and equipment..
Real estate
Accounts receivable
Stocks and bonds
Franohise account
Total
Liabilities—
Capital stook
432,275
27,273
Ino. tire insuranoe fund
Accounts payable
Acorued maintenance aoot.....
Charges notdue
Open acoounts
•
.
$18,086,055 $16,510,641 $15,683,046
represents assets of underlying oompanles taken over by the Union Traction Co.
Co at the time of its organizatlon, and which will not have to be returned to them until the expiratlon of their leases, or in about 999 years.— V. 76, p. 31.
JTotal
•
Not a current
liability,
as
it
American Locomotive Company.
(Report for 12% months ended June 30, 1902. J
President S, K, Callaway says in part:
Improvements.— During this first fiscal year the directors have
expended the sum of $1,629,228 for additional land, new shop buildmaohlnery and other machine tools; as a result of
which the company's output of standard-gauge locomotive engines of
the most modern type has been increased more than 25 per oent. It
is the Intention further to lnorease the annual output of the principal
plants by expenditures payable out of the current Income.
General.— The expenses include not only a liberal outlay for the
maintenance and betterment of the property, but also a charge of
$602,151 for radical additions and improvements, the combined maintenance, replacement and improvement charges being more than
ings, fixtures,
sufficient to
take up the theoretical
amount required
for depreciation
surplus of $1,251,312 lemaining
after the payment
on preferred stock has been carried to the credit of "Profit and loss" aocount; but against the latter
there has been charged the sum of $1,027,077 for land, new thop
buildings, maohlnery. etc.
It is the present policy of the company to devote its surplus remaining after the payment of dividends on the preferred stock not
only to substantial addittons to the property, but also in part to the
enlargement of its working capital.
Prospects.— The outlook for the year 1902-03 is most satisfactory.
Contracts for new locomotives in large quantities have been booked
for delivery as late as the autumn of 1903. Deliveries are being made
in substantial accord with the scheduled time. The possibility of
economies have by no means been exhausted.
oasis. The
of full dividends
on an annual percentage
The results for the 12}£ months ended June 30, 1902, were
as follows:
Earnings from the sale of new locomotives and extra
parts, repair work and sundry miscellaneous income
$26,398,394
Expenses, Including manufacturing oost, all contingent
expenditures, taxes, Insuranoe, maintenance, betterment and $602,151 for new construction
23,291,217
Net earnings
Deduct—
$3,107,177
Interest ($77,865) on bonds of constituent oompanies and
general Interest and discount ($28,000)
Seven per oent on preferred stock
Additions to property during the flsoal year (balance after
charging $602,151 to current expenses)
$105,865
1,750,000
1,027,077
~
Total deductions
$2,882,942
Balance to credit of profit and loss
$224,235
The interest on the bonds of the International Air .Power Co. was paid by
the mortgagor, who also received tde dividends on the stock deposited in
trust with this company.
•
CONDENSED GENERAL BALANCE SHEET JDNE
30, 1902.
Liabilities —
Costof property
x$45.482,293
900,000
Am. Loo. Co. pref. stk.
Richmond Loo.& Mach.
Works Consols
«
118.000
37,526
1,153,855
4,255,721
2,187,666
y2,874,167
Pref... > „ or n nfu
Com.. \ v2 °0,000
8undry securities
Cash
Acoounts receivable..
Material and supplies.
Contract work
Amer. Loc. Co.
5
Stock in trust
\
Total
.
.
$57,209,128
Preferred stock
$25,000,000
Common stock
25,000,000
Bonds of constituent
companies
zl,512.50O
Aocounts payable
3,324,908
Bills payable
1,700,000
Unclaimed Interest.
9,985
Dividend payable July
437,500
21, 1902
Profit and loss
224,235
Total
$57,209,128
v §250,000 each of common and preferred.
x Including all the capital stock of the Richmond Locomotive Works, Manchester Locomotive Works and American Locomotive Co. of New Jersey.
y In course of construction (based upon exact charges as the work proceeded).
z Bonds assumed. All of tbe property is unincumbered, excepting in three
instances, which are as follows: The HichmonA property is subject to a first
mortgage of $200,000 and a consolidated mortgage of $550,000. Of the latter,
J
:
.
—
.
THE CHRONICLE.
610
bonds of the par value of $118,000 are owned by the American Locomotive Co
7 p. c. bonds will mature In 1904, when a like amount of o p. c.
gold consols, due April, 1929, now held in reserve, will be Issued in their stead.
This mortgage debt was assumed by the American Locomotive Co. upon payment by the vendor of twOO.000 in the preferred stock of the American Locomotive Co. (2) The Dickson wornfl is subject to a first mortgage of »5B2.5uO,
maturing Nov. 1, 1H37, and bearing Interest at 5 per cent. This debt was assumed bv the American Locomotive Co. (3) On the Rhode Island works there
are outstanding $20 J.000 International Hower Co. tirst mortgage 4 p. c. bonds,
maturing In 1919. As a guaranty of 'he even! ual retirement of these bonds,
the American Locomotive Co. holds in trust I25W.000 of Its own preferrel and
I250,0t0 of its own common stock, as shown in balance sheet above.— V. 74, p.
The first mort.
270.
New York Dock Company.
(Report for year ending July
President David H. King Jr. says in substance
The buildings, bulkheads and wharves have been carefully overhauled and are now In good order, with few?exoeptlons. JThe slips had
not been properly dredged for a number of years. The amounts
charged against income for repairs to buildings, bulkheads and
wharves and for dredging aggregate $232,288. Lands under water
(about 33 acres) from Fulton Ferry to Hamilton Ferry have been
acquired from the State for $59,665, enabling the company to extend
:
out to the new pierhead line, thus allowing the docking of
steamers of the largest siz
Construction of new piers is now under way, notably piers Nos. 5,
15, Hi, 33, 37, 38 and 4b; they are to be of the most approved construction. Several have already been rented and applications are on
Piers Nos. 8 and 9 are being extended, and have been
file for others.
leased to the present lessees at an Increased rental. The "Pinto
Stores" at Atlantic Basin, heretofore leased at *5,500 per annum and
taxes, have been acquired at a cost of $12O,0O0. This will enable the
company to make a pier l,?0i) feet Jong by 160 feet wide, capable of
handling ships of the largest dimensions. A duplicate of this pier is
also being constructed on the site of the Exoelsior Stores. To facilitate the handling of freight cars, a terminal yard capable of handling
over 300 cars at one tlm has been established at the Atlantlo Basin.
Four hundred aud fifty-five thousand dollars has been paid to retire
the Baltic Realty Co. mortgagee, leaving our first mortgage bonds the
only Hen on the property. The oompany has received $455,000 of
bonds reserved for the purpose of taking up these mortgages, and
they are inoluded in the $1,875,000 bonds held in the treasury. The
total amount expended lor new construction of piers, railway terml
nals and other improvements during the year was $239,875. The
oompany has not yet printed from this expenditure, as the work
was only partly completed at the end of the fiscal year.
The directors have declared a dividend of one per cent upon the
preferred stock, payable Ootober 15 to stockholders of record at the
close of business Ootober 1.
its piers
->.
f>
INCOME ACCOUNT FOR THE VEAK ENDING JULY 31ST, 1902.
merchandise and grain;
Grops earnings from storage of
wharfage, rents, railroad, etc
$103,910
Warehouse repairs
105,989
Dock repairs
22,389
Dredging
i
I
I
$1,993,496
$ 76,491
Insurance
Taxes
iJ7«,627
Op. exp.,
Illinois Brick Co.
(Balance Sheet of June SO, 1902 J
The following balance sheet has been issued:
BALANCE SHEET OF JCNE 30, 1902.
Assets—
Value of plants
$7,941,000
Pref. stook in treasury.
449,500
Com. stock in treasury.
649,500
Bonds in treasury
300,000
Iuventorles
230.074
Accounts receivable.
273,225
Bonds receivable
51,220
Cash
9,433
.
31, 1902.
all depart's,
.
591,536
.
Total expenses
Net earnings
$1,178,962
$814,534
LXXV.
[Vol.
Liabilities—
Preferred stook
Common stock
Trust deed for bonds.
payable
Accounts payable
Bills
Surplus
. .
$4,000,003
5,000,000
300,000
156,000
119,572
328,381
Total
$3,903,953
Total
$9,903,943
directors are said to have deferred the question of declaring a dividend until later in the year.— V. 75. p. 32.
The
Standard Rope & Twine Co.
(Report for the year ended July
31, 1902. J
President Thimas Russell says in part:
The year has been characterized by keen competition for trade
Seldom have the prices for manufactured goods been more than toe
spoc prices for fibre, bat owing to fortunate purchases of hemp and
strict economy in manufacturing and management, we have been
able to snow a small surplus In the operations of the oompany as
against a deficit as stated in last year's report, and should the new
contract with the Union Selling Company be approved, our expenses
for marketing our goods will be substantially reduced uext year.
Based on the average price of manufactured goods during the last four
years, the proposed contract will save the oompany $50,000 per annum. As we dispose of our Idle properties the cost of carrying them
will also be materially lessened. With these items In our favor, we
trust that our next year's report will be even more favorable than this.
—
Balance Sheet. The balance sheets for three years past
compare as follows:
BALANCE SHEET JULY
31.
1902.
AssetsReal estate, buildings, machinery,
good
1901.
1900.
$
20,346,752
20,963,844
20,934,151
985,970
239,673
827,713
81,200
z585,790
1,298,243
2,293,312
308,026
535,764
120.561
487,701
708,828
121,523
23.067.099
23.714,141
24.057,816
stock
12,000,000
Consol. mortgage bonds (Income) 6,-05.330
First mortgage bonds
*2,785,000
Accounts and bills payable
1,476,769
12,000,000
7,500,000
*2,835,O0O
1,379,141
12,00.1.000
23,714,141
24,057,816
will, etc..
Inventory of raw
& man' I'd goods,
mill supplies and sundry assets.
Stocks and bonds owned
Accounts and bills receivable
Cash ,
andloss
Profit
Total assets
Liabilities—
.
Common
Profltand loss July 31
7.500.000
*2.873,0l)0
1,536,523
143,292
Deduct—
Interest on $11,580,000 1st mortgage 4s, inoluding $4*5,000 in treasury against Baltic Realty Co. mtgs. paid off.
To
$351,834
Balance, surplus
BALANCE SHEET JULY
31, 1902.
Liabilities—
Preferred stock
$10,000,000
Common stock
7,000,000
First mtge. bonds...:. 13,000,000
Assets—
Real estate, wharves
and warehouses
$26,534,030
*48,465
Terminal railroad
163,783
RR. floats, el. pl't, &o.
857,354
Cash in bank
Bonds In treasury. ... 1,875,000
Accounts receivable..
146,671
Aoorued
64,947
railroads
1,205
35, ,334
Surplus
Total
402,484
Total
.$30,417,487
The Audit Company of New York certifies that the condensed fitateme.it of assets and liabilities of July 31, 1902, as
above, is correct, according to the books and accounts. V.
$30,417,486
GENERAL INVESTMENT NEWS.
Co.
May 31,
1902.)
President E. J. de Sabla Jr. closes his detailed report by
saying:
The report showa a goodly surplus over expenses and fixed oharges;
this would have been considerably greater had our customers been
able to obtain necessary machinery so that we could L.i contracts
actually closed by us. Our income has been increasing rapidly and
should oontlnue to do so during the coming year.
The earnings and balance sheet for two years compare as
follows
1901-02.
1900-01.
$310,443
Not
Gross earnings
Oper., exp. & taxes.. S7.489 reported.
earnings.... $223,004
$101,939
I
i
Interest on
and
I
bonds
floating debt.
1901-02. 1900 01.
«„.
{ (1ft , , OQ
anQ
»»i,wuw
f*AO/,«o
Balance, surplus.. $55,576
$10,030
Dividend No. 1—20 cents per share— on the $3,600,000 outstanding stock was paid on July 10; Dividend No. 2 of 20
cents per share is payable Ang. 10.
BALANCE SHEET APRIL 1ST.
AssetsReal estate, water rights, rights of way, &o
Generating and transmission systems
Supplies and construction in progress
plants, buildings, furniture, etc
Bills receivable
and uncollected
bills
Treasury stook
Treasury bonds
Valley County Power Co. bonds
Cash
Total
1902.
1901.
$3,508,834 $2,945,341
2,997,844
2,369,442
04,635
381,779
80,481
21,330
1,400,000
80,261
1,500
20,880
313,950
150,000
4,244
15,971
Liabilities
Bills payable
Surplus
Total. .
1
Baltimore, has applied for a receivership tor the company on
the ground that the interest on its §400,000 of 5 p. c. bonds
of 1896 has never been paid.
The case is returnable Oct. 1.
The company is successor of the Albany Florida
Northern, and owns a road iunning from Albany to Oordele, Ga.,
a distance of 35 miles.
&
Ann Arbor RR.— Officers.— Cyrus J. Lawrence, Henry W.
Ashley, J.
Edward Simmons and
S. C.
Reynolds have been
W. Burt, Amos F. Eno,
S .6 wart and George W. Qaintard. The officers
elected directors to succeed C.
Charles D.
and directors are:
President, Joseph Ramsey Jr., President of the Wabash RR. Co.;
vioe President, Cyrus J. Lawrence; Secretary, D. C. Tate; Treasurer;
H. B Henson.
Directors -Till September, 1903, J. Edward 8immons. New YorkOlty;
8. C. Reynolds. Toledo. Ohio; A. W. Wright, Alma, Michigan; D. O.
Tate, New York City. Till September.U904. Wellington R. Burt, Saginaw, Mlohlgan; Cyrus J. Lawrenoe. New York City; H. W. Ashley,
Toledo, Ohio; Franklin B. Lord, New York City. Till September. 1*05,
George J. Gould. A. W. Kreoh and Jos. Ramsey Jr., all of New York
Llty.-V. 75, p 393, 391.
Atchison Topeka & Santa Ry.— Extensions.—The Eastern
RR has certified to an increase in capital stock
from $2,200,000 to $10,000,000; about 330 miles of road in
Oklahoma, it is said, are now constructed. (V. 73, p. 736; V.
Oklahoma
74, p.
150).— V. 75, p. 183.
Aurora Elgin & Chicago (Electric) Ry.— Sale of 8tock.—
Claude Ashbrook & Co. and W. E. Hutton & Co. and the
$5,000,000 $3,000,000
3,000,000
3,000,000
37.6H0
16,574
153,628
113,000
65,600
Cincinnati Trast Co., all of Cincinnati, purchased all the
outstanding §1,300,000 6 percent cumulative preferred stock,
and in two days placed the entire amount. Before the purchase was consummated representatives of the houses named
made a trip of inspection over the company's third-rail electric road, and satisfied themselves that trains could be run
at a very high speed— as high it is said as 70 miles an hour.
V. 75, p. 441.
—
Boudeddebt
Unpaid bills and drafts outstanding
RAILROADS, INCLUDING STREET R0AD8.
Albany & Northern Ry.— Receiver. — R. B. Sperry, of
$6,129,574
.....$8,256,918
Capital stock
$8,256,918
*'See description of enterprise in V.72,
1357.
z Including $10,000 compromise in Travera suit and $116,403 for
and In installation of maohlnery from
costs involved In that case
which suit arose.
p 552.
(Report for year ended
Gas
' Reduoed to this amount by sinking fund, and since August 1, 1902
further reduoed to $2,740,000 by purohase and cancellation of $45,000
of the bonds; original issue $3,000,000.
x After deducting $625,203 for excess of par value over book value
of consolidated mortgage bonds canceled.
75, p. 397.
Bay Counties Power
Net
23,067,099
—
storage,
wharfage.&o
-V. 75,
Aooounts payable
Due
al liabilities
463,200
. .
p.
$6,129,574
1032.— V.
74, p.
September
— —
—
:
THE CHRONICLE.
00, 1902.]
Boston Elevated RR.— Bonds.—The Massachusetts Railroad Commissioners has authorized the West End Street Ry.
to issue $3,559, f00 4 per cent bonds for the purposes stated in
V. 75, p. 311.- V. 75, p. 496, 441.
Camden (N. J.) & Suburban (Electric) Ry.— New Stock.—
The company has increased its author' zed capital stock from
13,000,000 to |3 OCO,000.— V. 62, p. 632.
;
Canada Atlantic Ry.— Report.
ending June 30 were
1900-Ot..
-V.
1,786838
results for the year
Taxes and Steamship Set revenue
Opt rating
Gross
earnings.
190i-O2. .$i,816,«46
Fiscal
year.
— The
expenses.
rentals,
earns, (net)
$1,219,926
1,383,390
$28,000
$31,401
36,649
'28,043
for
int.
$600,422
411,554
74, p. 1194.
Central Crosstown RR., New York.— New Bonds.— See
Metropolitan Street Ry. below. V. 67, p. 951.
Chesapeake & Ohio Ry. New Bonds— Bonds Assumed.—
The annual report published in the Chronicle last week
shows: 1. (page 561) The Greenbrier <fe New River RR.
has been absorbed by consolidation and its bonds assumed
2. (page 563) An isua of $4, 000,000 first mortgage 4 per cent
bonds has been made by the Big Sandy Ry, and guaranteed
3. (pige 562) $1, 000,000 car trusts, series C,
by the C.
;
&0
;
have been created.— V.
75, p. 561, 547.
Chicago & Eastern Illinois
611
Fitchburg RR.— Refunding Bonds.—The shareholders will
vote Sept. 24 on issuing $2,660,000 bonds to provide means
for payment of the following bonds as they mature, viz.:
$54,000
Fitohburg RR. bonds dne March 1, 1903
•«
'•
"
April 1,1903
500,000
"
"
" Sept. 1,1903
378,000
«•
•'
" Nov. 1,1903
1,000,000
«'
"
" Deo. 1,1903
500,000
223,000
Vermont & Massachusetts RR. bondsdue May 1, 1903
Also to provide for permanent additions to and imrrovemente upon the property under the terms of its )ea«e to the
& Maine RR.
The stockholders will further be asked to authorize the
directors to request the Vermont & Massachusetts RR Co.,
pursuant to the terms of the lease of the Vermont & Massachusetts RR. Co. to the Fitchburg, to issue its bonds to an
amount not exceeding $772,000, to provide means for the payment in part of bonds of the Vermont & Massachusetts RR.
Co. which mature May 1st, 1908, and towards paying for
permanent improvements made by the Fitchburg RR. Co.
upon the railroad and property of the Vermont & Massachusetts RR. Co.— V. 74, p. 629.
Illinois Central RR. Bankers' Circular. Harriman &
Co. have issued a circular supplementary to the one issued by
them about a year ago, in which are given many interesting
Boston
—
data and opinions regarding the Illinois Central system.— V.
RR.— Deposits.— About
75 p.c.
of the total oapital stock has been deposited with the Colonial
Trust Co. under the proposition submitted hy the St. Louis
San Francisco RR. Co. The time of deposit, which expired Sept. 15, has been extended to the 20th.— V. 75, p 549,
&
393.
75, p. 497, 441.
Kansas City Fort Scott & Memphis Ry.— Called Bonds.—
Fort Scott Southeastern & Memphis RR. first mortgage 7
per cent b<-nds to the amount of $44,000 have been drawn for
payment Sept. 25, 1902, at 105 flat, by the trustees, at 50 State
Street, Boston.— V. 75, p. 184.
Chicago Great Western Ry.— New Debenture Stock.— This
Louisville (Electric) Ry. Dividend Increased— Possible
company has requested the New York Stock Exchange to list
$2,700,000 additional 4 per cent debenture stock, making tbe Stock Dividend.—The directors have declared a quarterly
total $27,027,0f 0. Tde new issue will reimburse the company dividend of \}£ per cent on the $3,500,000 of common stock,
on a 5-per-cent basis, as against 4 per cent
on account of improvements completed and now in progress.; thus placirg
a temporary loan of $675,000 at 4% p. c. and advances from heretofore. No action was taken regarding a stock dividend.
earniDgs amounting to 1631,625, will, it is said, be retired Col. Boyle says "That will be a matter to come up at a subir,
:
with the proceeds
—V.
75, p, 558, 547.
;
Ry—
Chicago Indianapolis & Louisville
Report.— The report for the fiscal year ending June 30 shows results as follows:
Tear1901-2
1900-1
'Gross.
Net.
$4,581,158
4,150,470
$1,728,024
1,496,928
sequent meeting no definite decision will be reached for
some weeks." The "Louisville Courier-Journal" is authority
for the statement that the plan of Maj. A. H, Davis, one of
the two largest stockholders, calls for "a stock dividend of
$i00,000 annually until the total distribution shall be $1,5C0,000, this to be sold to the present holders of common stock at
50 cents on the dollar, par value." The diversion of earnings
from dividends to improvements it ia claimed justifies this
Oth. inc.
Charges.
Bal.,sur.
$129,448 S971.V97 S886.175
135,776
979,980
652.774
During each of the fiscal years tbere were paid dividends
of 4 per cent ($2( 0,000) on the preferred stock, and in 1901-2
a dividend of 1 per cent ($105,000) on the common stock; deducting tbese leaves balance, surplus, of $581,175 in 1901-2,
against |452,774 in 1900-1.— V. 75, p. 497, 393.
course.-V.
74, p. 828.
Metropolitan Street Ry., New York.— Central Crosstown
Mortgage. The company has obtained the consent of the
State Railroad Commission to the issuance of a first consolidated mortgage for $3,000,000 by the Central Crosstown RR.
No immediate issue of bonds is contemplated under this mortgage, which is intended to provide for the cost of electrifying
and equipping the 14 miles of track of the Crosstown line,
and also for refunding the $250,000 of outstanding bonds.
The new bonds will be four per cents.—V. 75, p. 290, 135.
—
Chicago Rock Island & Pacific RR.— Reorganization Not
— Attorney General C. W. Mullan of Iowa, in an
opinion filed witb Governor Cummins on September 17, holds
that tbe acts of this new Iowa corporation, in connection
with the Rock Island reorganization, are not outside the
powers conferred by statute or contrary to public policy,
in the legal sense of the term.
Governor Cummins says that
Midland Ry. (Nova Scotia).— New Securities.— The shareit is for tne next General Assembly to determine whether it
holders met at Montreal Aug. 20 to authorize the cancellais wise to permit the laws "to so remain that such thines are
tion, with the consent of the holders, of the $1,200,000 bond
possible."— V. 75, p. S39.
issue now existing, and to authorize new bonds to the amount
Chicago Rock Island & Pacific Ry.— Deposits.- The time of $1,000,000. Additional common stock to the amount of
within which outstanding stock may be deposited with $1,0('0,000 and preferred stock to the amount of $800,000, it
Central Trust Co uoder offer of July 31, 1302, will expire is stated, will »lso be issued. Tbe autborized stock was
Illegal
to-day, Sept. 20. Holders of subscription certificates may deposit the same up to and including Oct. 15, 1902.— V. 75, p.
549, 497.
Chicago
& Southeastern
Ry. of Indiana.— °a!e of Bonds.
entire issue of $375,000 Midland Ry. of Indiana
first gold 5s. due in 1917, including those represented by
Henry K. McHarg, have been sold at par and intere&t to the
Cleveland Citcinnati Chicago
St. Louis Ry, Co. or to parties acting in its interest.— V. 75, p. 497. 441.
—Nearly the
&
Cleveland Cincinnati Chicago & St. Louis Ry.—Purchase
—See Chicago & Southeastern Ry. above. -V. 75, p. 497, 454.
Concord Majnard & Hudson St. Ry.— Bonds Offered.—
Geo. A. Fernald
& Co.
of Boston are offering at 108 and interest $165.01'® first mortgage 20 year 5 p. c. gold boads,
dated July, 1902, due July. 1922; interest payable January
and Jniy at the American Loan
Trust Co., Boston, Mass.
Capital stock, full paid, $175,000; "actual value of property,
$343,333." The road extends from Concord, Mass., to Hudson, Maes.
Earnings for tbe year ended Sept. 30, 1902, with
August and September oritrated, are stated as, gross, §17.858; net, $14,201; interest charge will be $3,250. -V. 75, p. 184.
&
Connecticut River RR.— New Bonds.—The shareholders
on Sept. 17 duly authorized tbe issue of $969,000 bonds for
the purpose stated in V. 75, p. 549.
Dajton Springfield & Urbana Electric Ry.— New Stock.—
A meeting to consider the advisability of increasing the capital stock from $750,000 to $1,500,000 will be held Oct. 15
V. 73, p. 1312.
—
recently $1,000,000; outstanding, §104,300. The company
operates a standard gauge line between Windsor and Truro,
N. S., 58 miles. Wm. Strachan is President, 30 Job n St.,
Montreal.
Minneapolis
The
St.
Paul & Sanlt Ste. Marie Ry.— Report.—
June 30 were:
results for the year ending
Tear.
Gross.
190i-i5... .$8,222,387
1900-1.... 4,517,075
75, p. 549.
Net.
$3,280,760
1,952,738
Charges.
$1,694,259
1.6S4.865
Neto equip. BaL.sur.
$3110,000 $l,286,(i0l
327,873
-V.
Missouri Kansas & Oklahoma RR.—See report of MisKansas & Texas Ry. on a preceding page.— V. 74, p.
souri
1038.
Missouri Pacific Ry .—Possible Exchange of Bonds for
Stock.— See St. Louis Southwestern Ry» below.
New Acquisition.— See St. Louis Valley Ry. below. V. 75,
—
p. 549
Northern Securities Co.— Government Suit.— The first
hearing in the suit oi the United States against the company before Frederick G. Ingersoll. of St. Paul, special Commissioner appointed by Judge Lochren of the United States
Court in Minnesota, was set for Tuesday in room 70 of the
Federal Building, this city. Solicitor General Richards, on
behalf of the Government, announced tbat both sides had
agreed to the accepting and spreading on the minutes in this
case of the testimony of James J. Hill, C. S. Mellen, George
W. Perkins, W. P. Clougb, Jacob H. Schiff, Charles Steele
and J. P. Morgan; also the dosuments and exhibits taken in
the Peter Power case, and tbe testimony and exhibits of E.
H. Harriman before the Inter-State Commerce Commission at
Chicago on Jan. 25, 1902, in regard to the community-of-inten-st plan.
Both sides reserve the right to call and examine any of these witnesses. The hearing was then adjourned until Thursday of next week at 11 o'clook.— V*. 75, p.
Des Moines City Ry.- Called Bonds.— Bonds of the Des
Moines Street RR.. Nos. 76 to 100, both inclusive, dated Oct.
1, 1899. will be paid at par on Oct. 1, 1902, at the American
Trust & Savings Bank, Chicago.—V. 71, p. 936.
Eastern Oklahoma RR.— See Atchison Tooeka & Santa
Fe Ry. above.
498,442.
—
THE CHRONICLE,
612
Oregon Short Line RR.—New Bonds Ready, —The new
bonds are now ready for delivery; the New York Stock Exchange has been requested to list them.
Income B Bonds.—Coupon No. 6, due Oct. 1, 1902, from
these bonds, heretofore paid by^the Morton Trust Co., will be
paid at maturity upon presentation at the office of the Treasurer, 120 Broadway.— V. 75, p. 894, 243.
Pennsylvania RR.— Large Engine Purchase.—The company has placed with the Baldwin Locomotive Works an
order calling for 250 freight locomotives, aggregating in cost
18,250,000, all to be delivered within the first six months of
1903. The number of freight and passenger cars to be ordered
has not been decided, but it is said the company will order
at least 15,000 steel freight cars. The company's Altoona
and Juniata shops are being enlarged, so as to turn out
yearly a larger number of freight engines.— V. 75, p. 498, 185.
Pere Marquette
RR.—Bonds
Called.— Marquette Equipment Co. 5 per cent bonds to the amount of $127,000 have
been drawn for payment on Oct. 1, 1902, at par, ex coupon
due on that day; they will be paid by the trustees at 50 State
St..
Boston.
Rumor.
—
President Heald was quoted last week as saying:
"I doubt maota 11 the control of the company has passed to any
other road. The controlling Interest In the stock lies In comparatively
few hands. The heaviest stockholders are: W. W. Orapo of New Bedford, Maes.; Nathaniel Thayer of Boston; F. H. Prince of Boston and
Thomas Ryan of New York. During the past two years there nas been
expended $2,000,000 in improvements. If the owners of the system
were expecting to sell, they would hardly have put all that money Into
Improvements."— V. 74, p. 983.
com-
Portland & Rnmford Palls Ry.— Report.—The results for
the year ending June 30 compare as follows :
Net.
Gross.
1901-02.. $556,686
1900 01.. 461,493
—V. 73, p. 1008.
$246,513
175,196
Charges.
$80,656
76,147
Dividends.
(6%) $93,000
(6%) 65,000
Bal., sur.
$75,857
34,049
LXXV.
[Vol.
this minority interest in
exchange for their holdings until
persuaded that the combination is desirable. The committee represents practically all of the $300,000 stock (V. 75, p.
241), but at the annual meeting from which they withdrew
they were informed their proxies would not be recognized for
more than the 43 per cent accorded them under the amalgamation plan.— V.
Stonghton
75, p. 550, 241.
& Randolph
Ry.— Sale Postponed.—
Street
The
receivers' sale at auction has been postponed until Oct. 1.
William A. Clarke Jr. has submitted a private bid of $75,000
for the property.— V. 75, p. 443, 393.
& Western Ry.— Report.— The
Toledo Peoria
the year ending June 30 compare as follows
Tear.
190102
1900-01
-V. 74,
V.
results for
:
Gross.
Net.
Int. and taxes.
$1,152,034
1,157,079
$274,079
278.444
$271,824
277,180
Bal., sur.
$2,255
1,264
p. 91.
Union
Pacific
RR.— See Oregon
Short Line RR. above.
75, p. 395, 291.
Vermont & Massachusetts RR.— Bonds .—See Fitchburg
RR. above.
Weatherford Mineral Wells & Northwestern Ry.—New
Bonds.—The shareholders will vote Oct. 15 on reducing the
capital stock from $500,000 to $100,000, and oh making a new
mortgage to secure $1,354,000 of 5 per cent bonds. Of the
bonds $500,000 will be used to retire an equal amount of
bonds now outstanding and the remainder for extensions.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Philadelphia Rapid Transit Co.— Annual Report.— See
report ot Union Traction Co. on a preceding page and
pare with V. 75, p. 442.
Tear.
—
:
American Agricnltnral Chemical Co.— Officers.—Assistant Treasurer Thomas A. Doe has been elected Treasurer,
succeeding
W. H.
Grafflin.—V.
75, p. 550, 440.
—
The company has suspended operations pending reorganization. V.
American Alkali Co.— Operat ions Suspended
—
75, p. 550.
American Colortype Co.— Stock Offered.—The National
Newark Banking Co. recently offered at par and accrued
dividends a limited amount of this New Jersey corporation's
p. 989.
The
St. Lonis & San Francisco RR.— Equipment Notes.—The $300,000 first preferred 7 per cent cumulative stock.
company has made an issue of "Series C" equipment notes, total capital stock is $4,000,000, viz. First preferred, $300,000;
payable to Robert Winthrop & Co., and similar to the Series second preferred, $700,000; common, $3,000,000. President
B described in the Chronicle of August 9, page 291. The Edmund B. Osborne, under date of Jnly 31, 1902, says:
Qnebec Southern Ry.—See South Shore Ry. below.—V,
74,
:
notes are secured on 1,200 box cars and 25 locomotives, costing about $1,800,000, 20 per cent being paid in cash and 80 per
cent in notes.— V. 75, p. 843.
Lonis Southwestern
Ry.— Rumor.— It has been
curPacific Ry. Co.
contemplates offering its 4 p. c. collateral trust bonds in exchange for this company's $20,000,000 5 p. c. non-cnmulated preferred stock, this to be the first step in bringing the
Gould roads into closer financial relations. The preferred
shares have aa yet paid no dividends, and their'prospects have
brightened considerably of late years. No confirmation of
the report is obtainable, and it is suggested in official circles
that the story is a street fabrication put out for stock-jobbing
St.
rently reported this
week that the Missouri
purposes.—V. 75, p. 186, 78.
St. Lonis Valley Uj.—Sale.— George
saying:
"We
J.
Gould
is
quoted as
will take over the St. Louis Valley Railway and make it a part of the Missouri Pacific-Iron Mountain system as soon as the details of construction and a few
other matters have been settled." The road has been completed from East St. Louis south to Chester, 111., 65 miles,
and is under construction thence to Thebes, 111., about 60
miles additional; it is also projected to Cairo, etc. Mr.
Gould further says:
The line will enable us to handle trains of from fifty to fifty five
loaded oars of freight from the South, an advantage that every rail
man can
appreciate who knows how difficult It Is to handle a
freight train of half that length over the heavy grades in the Ozark
Mountains. The line shortens the distance to the South, and will be
an excellent oonneotion for any proposed line to the Gulf, although
the plans at present are to cross the Mississippi River at Thebes to the
Iron Mountain and Cotton Belt tracks, which oonneot with all of our
other lines on the Missouri side of the Mississippi River. With this
line we shall tap an excellent agricultural country and some tine
building stone quarrieB. An extension is being built into what is believed to be the richest coal field in Illinois. This coal Is located in
Williamson County.
road
This corporation was formed March 1, 1902, by a consolidation of
the Osborne Co., with works at Newark, N. J., the American 3-Oolor
Co. and the National Colortype Co., both with works in New York and
Chicago. The Osborne Co. has been for years the largest and moat
successful manufacturer of advertising calendars, whloh are largely
made by color photography; the American 3-Color Co. and the National Colortype Co. have been the only really large and successful
concerns in the operation of color photography for commercial reproductions. All the stockholders of the old companies accepted In full
payment the second preferred stock ol the American Colortype Oo.
To increase the plant and provide working capital, $400,000 has been
added by the sale of first preferred stock at par. This stock is preferred both as to dividends and assets, and draws dividends at the
rate of 7 per cent per annum, payable quarterly on the first day of
September, December, Maroh and Jane. The combined profits of the
three companies were more than ten times the amount required for
payment of the annual Dividends on the first preferred stook. Every
one of the companies was working under the disadvantage of i nadequate capital The volume of business since consolidation shows a
large and satisfactory increase, and the prospeots for the remainder of the year are even better.
The Secretary is G. W. Reynolds; Treasurer, J. H. Behrens.
American Telephone & Telegraph Co.— Output.— The
output of instruments for the month ended August 20 in 1902
and 1901, and for the 8 months ended August 20, were
,
To August
20-
Month.
1902.
84,279
Gross output (number)
41,245
Net output (number)
Total outstanding Aug. 20.... 2,955,574
— V.
,
1901.
81,144
38,147
2,292,198
8 months.
1991.
733,323 607,593
429,958 839,786
>
1902.
75, p. 292.
Batterick Co.— Earnings.— A report for the six months
ended June 30, 1902, shows that the surplus of the operating
companies during the half-year increased $388,417, after payment of dividends aggregating $124,000, making the total
earnings $512,417. See V. 75, p. 292, 237.
Century Realty Co.— New Director.— Ernst Thalmann, of
Ladenburg, Thalmann & Co., has been elected a member of
the board.— V. 75, p. 500, 443.
See also St. Louis & Gulf Ry., V. 75, p. 499.—V. 74, p. 880.
Chicago Junction Railways & Union Stock Tarda Co.—
Southern Railway.— Majority Assent— Time Extended.— Rumored Negotiations.—The "Boston News Bureau" says
Holders of a majority of the stock trust certificates have asIt is understood that after the packing-house consolidation has been
to
sented to the extension of the voting trust agreement, either completed, the same Interests will form a separate organization
control the stook yards of the country in the interest of the packers,
by having their stock trust certificates stamped as assenting combination. The packing house interests are to-day in control of all the
thereto or by signing the extension agreement. The time stook yards of the country with the exoeption of Chicago aud Kansas
for presenting stock trust certificates to be stamped as assent- City. The Swifts have threatened to rival the Kansas City stock yards'
have gone so far as to purchase property for the purpose, whloh
ing has been extended until and including Oct. 1, 1902. and
resulted In the stook of the Kansas City Stock Yards declining from
Application has been made to the New York Stock Exchange 125 to 95, recently rallying to 100. It le believed that the controlling
:
to list stock trust certificates so
interest in the Kansas City yards would be willing to plaoe the comstamped.— V. 75, p. 550, 499.
pany in the combination at about $100 per share, whloh it is said the
Dispute.— At the annual meet- Swifts oonsider an equitable price.
South Shore Ry. of Canada.
ing in Montreal on Tuesday, the representatives of the reorganization committee (V. 75, p. 550, 241), being unable to
prevent the continuance in office of the board which is dominated by the Quebec Southern interest, withdrew and
elected a board of their own. The committee claims that
there has been no merger of the two roads, because the
union has not yet been promulgated by the Canadian Government. At a special meeting last January it was voted to
amalgamate the companies and to distribute the stock of the
consolidated company in the proportion of 57 per cent to
nolders of Qnebec Southern and 43 per cent to holders of
South Shore securities. The oommittee decline to accept
understood that the Chioago Stook Yards people place a value
upon their property, which is equal to 150 for the 6
per cent preferred and 250 for the ocimmon stock, figuring par for the
$14,000,000 bonds outstanding. While the paokinu house Interests
recognize the valuable property holdings of the Chioago Company,
they do not ooinoide with these figures. The stock of the Union Stook
Yards Oo. of South Omaha Is expeoted to go into the combination at
about 110, but a large majority of this company's stook is owned by
the packers; Omaha stook is now quoted lOS 1^ bid, 108 asked.— V. 74,
It is
of $40,000,000
p. 476.
Concord (N. H.) Electric Co.— Bonds Offered.— This company's bonds, folly described in last week's Chronicle (p.
551) and in V. 74, p. 48, are offered for sale by advertisement
on another page.— V. 75, p. 551.
—
September
—
THE CHRONICLE.
30, 1902.1
Consolidated Lake Superior Co.— Listed.— The Philadelphia Stock Exchange has listed $660,200 additional preferred
and $307,900 common stock, making totals $25,776,200 and
$78,132,300, respectively.
Co. below.— V.
75, p. 396, 344.
Consolidated Water ;Co M Utica, N. Y.— Reservoir Gives
Way.— The Savage reservoir, one of five belonging to the
company, gave way on Tuesday; damage estimated at $125,
69, p. 1347.
Detroit Telephone Co.— Deposits.— A committee consisting
of Richard H. Dana. Joseph W. Lund and Ernest P. Jose, in
view of the default Aug. 1 on the first mortgage 6s of 1896,
request the holders to deposit their bonds with the Central
Trust Co. of New York or the Old Colony Trust Co. of BosSee advertisement on a preton, on or before Nov. 1. 1902.
vious page.— V. 75, p. 293.
—
Purchase. The company recently
bought the capital stock of the M. A. Seed Dry Plate Co.
of St. Louis. President Eastman says:
The Seed Company manufactures more than one-half of the drySlates that are consumed In this country. Canada and Mexico. It is
The company has a magle largest dry-plate ooncern in the world.
nificent factory at Woodland, about eight miles from the oentre of
St. Louis, and the plant will be maintained there- V. 74, p. 1306.
Eastman Kodak Co.
Great Lakes Paper Co.—New Enterprise.—-The " PhiladelNews Bureau " says that this new company has sold
$1,000,000 bonds for the construction of a paper mill at Sault
Ste. Marie, on the American side, upon property obtained
from the Consolidated Lake Superior Co. The last-named,
it is said, will own a majority of the capital stock, but will
not be responsible for the bonds.
Great Northern Paper Co.— Bonds Offtred.—H. W. Poor
& Co. of Boston are offering at par and interest the remainphia
ing $275,000 of the total authorized issue of $3,000,000 first
mortgage 5 per cent gold bonds, dated July 1, 1902, denomination $1,000, due July 1, 1927; principal and semi-annual
interest (Jan. 1 and July 1), payable at the company's office
or agency in New York City. Guaranty Trust Co. of New
York, trustee. The capital stock (full paid) is $5,0C0,000. A
circular says, in substance
The actual cash expenditure upon the mortgaged property for
timber lands, mill construction and working oapital has been over
$9,000,000. The entire net earnings thus far have been used for betterments and for additional working capital. The company has a
cash working oapital of $2,000,000. There is no floating debt. The
net earnings for the year ending Oeo. 31, 1901, and for thesix months
ending June 30, 1902. have been at the rate of more than four times
the interest on the bonds.
The security for the mortgage consists of: (I) More than 500,000
acres of timber lands looated in Maine directly tributary to the company's plants through the western branch of the Penobscot and Kennebec, and worth alone the face of the mortgage. (2) The largest
modern paper mill In the United States, located in MUlinooket, Me.,
oompleted in 1900. with a developed water power of 20,000 horse
power, and 10,000 horse power undeveloped. (3) A modern pulp
plant looatei at Madison, Me., with a developed water power of 3,000
horsepower. These mills show a dally output of 300 tons of newspaper, 300 tons of ground wood pulp and 100 tons of sulphite fibre.
This output could readily be increased one-third by additional
machinery at small expense. The entire output of the company is
contracted ahead six months or more, at satisfactory figures.
The company covenants that it wlU annually, on or before Sept. 1,
pay to the trustee the som of $2 50 for every 1,000 feet of timber cut
upon the mortgaged premises until suoh payments, together with the
accumulated interest, shall, In the opinion of the trustee, be sufficient
to pay the be nds at maturity. Said annual payments are to be invested by the trustee, if possible, in the first mortgage bonds at not
exceeding 105 and interest, the bonds to be held uncanceled otherwise, in other Income producing securities approved by the board of
:
;
directors.
Directors: Garret 8ohenok (President), J. Sanford Barnes, Jr. (VicePresident). O. H. Payne, K. Somers Hayes, A. G. Paine, Lewis Cass
Ledyard, Edward H. Haskell, William B. Dillon.— V. 75, p. 293.
Kansas City Stockyards Co.— See Chicago Junction Railway s & Union Stockyards Co. above. V. 73, p. 1163.
Lincoln (111.) Water & Light Co.— Reorganized Company. — This company has been incorporated under the laws
—
of tne State of Illinois with $255,000 capital stock, as successor of the Lincoln Water, Light
Power Co., foreclosed
per plan in V. 74, p. 940. Incorporators— Ralph Blaisdell,
P. B. Warren and George H. Withrow.— V. 75, p. 188.
&
Water, Light & Power Co.—Successor.—
& Light Co. above.— V. 75, p. 138.
Lnkens Iron & Steel Co., Coatesville, Pa.—The company has nearly oompleted its new steel plate mill, which
will increase its output of steel plate to about 250,000 tons
per annum. The mill will cost about $400,000. The building of blast furnaces is under consideration. Capital stock,
$500,000, in $100 shares, all of one class; no bonds; surplus
over $2,500,000. A. F. Huston is President.
Manufactured Rubber Co.— Assessment— The directors
have called an assessment of $1 per share on the preferred
stock, payable Oct. 26, by shareholders of record Oct. 20.
Readjustment Plan.— The shareholders will vote Oct. 16 on
Lincoln
(111.)
See Lincoln Water
the following proposition:
(1) To ratify the call of $1 per share on the preferred stock, thus
securing $20,000 for the treasury.
(2) To reduce the authorized oapital stock as follows : Common,
from $5,000,000 in $£0 shares to $1,000,000 in *10 shares; the preferred from $2,000,000 8 p. c. cumulative in $50 shares (upon which
811 shall have been paid) to $200,000 6 p. o. non-cumulative in $10
hares.
of existing oommon stock to be exchanged for $10 in
stock.
of 8 p. c. cumulative preferred stock, upon
(4)
which $11 per ehare shall have been paid, to be surrendered and exchanged for 20.000 shares of 6 per cent non-oumulatlve preferred
stock, $10 per share full paid and non-assessable.
(3)
Each $100
full paid
new oommon
The 20,000 shares
613
(5) The syndicate underwriting the payment of the call on the preferred stock to receive $100,000 new common; also, $10 new preferred
stook for eaoh $1 oash actually paid into the treasury on account of
'Yti
a aj OTY1 ATI t
The remaining $100,000 of oommon stook to remain in the treasury for future use.
The directors say that "if it is found that the product
(rubber shoddy) can be sold as now anticipated, the financial
condition of the company will no doubt be very much improved by the end of another year." V. 74, p. 1142.
(6)
New Paper Mill.—See Great Lakes Paper
000.— V.
:
—
Michigan Telephone Co.— See Detroit Telephone Co. above.
—V. 75, p. 506, 293.
National Asphalt Co.—William F. Harrity, Chairman of
the company's reorganization committee, says
The deposits of all olasses of securities, notably American 5s, have
been of the most gratifying character. The amounts deposited justify
the committees in deolarlng the plan of reorganization operative;
and, ppeaking for myself, I believe that it will be so declared as soon
as a formal meeting of all of the members of the committees can be
held.
Further deposits will be received until formal action
the committees.— V. 75, p. 457, 293.
National Barrel
& Package Co.—New
by
Enterprise.— Stock
New
Offered.- This company, organized under the laws of
Jersey with $5,000,000 authorized capital stock, all of one class
(no bunds), is offering a block of its one dollar shares at 25
cents each. The company claims to control absolutely 15
patents, covering an inexpensive process for making cylindrical barrels of two thicknesses of veneer ; also to control
a barrel factory in Cleveland and a veneer factory in AshtaYork; Vice-Presibula. President, George A. Gage of
New
dent Charles W. Craven, New York; Secretary, Josiah H.
Mead, New York; Treasurer, S. H. Smart, Cleveland. New
York
office,
100
Broadway,
Niles (0.) Car & Manufacturing Co.— Increase of Stock.—
This company, which recently completed a plant for the
manufacture of steam and interurban cars, has increased its
from $200,0C0 to $300,000 and will increase its
The officers are: George B. Robbins, President;
A. G. McCorkle, Vice-President; William Herbert, Treasurer; C. P. Souder, Secretary and General Manager.
Republic Iron & Steel Co.— New Director.—John Crerar
capital stock
facilities.
&
Co. of Chicago, has been elected a direcof Crerar, Clinch
tor to succeed Randolph S. Warner, formerly President. V.
—
75, p. 288.
St, Panl Union Stock-Yards Co.— Increase of Stock.—The
authorized capital stock has been increased from $1,000,000
to §2,000,000, as voted by the stockholders Oct. 14, 1897.— V.
73, p. 960.
—
Seacoast Packing Co. Injunctions Granted. Chief JusWiswell at Ellsworth, Me., on Sept. 15, granted to this
company temporary injunctions restraining Bion K. Pike et
al, of Lubec, from carrying on the sardine business contrary
to their agreement made May 14, 1899, that for 10 years they
would not participate in the sardine business within 200
miles of Eastport. This agreement was made in conneotion
with the sale of their plants, etc., to the Seaooast Packing
Co.— V. 72, p. 143.
Standard Rope & Twine Co.— Contract Modified. At the
annual meeting on Tuesday the stockholders unanimously
approved a modified contract with the Cnion Selling Co. to
take effect as of May 1, 1902, and expire Nov. 1, 1906. See
statement under "Annual Reports" on a preceding page
(compare V. 72, p. 987 and V. 71, p. 601).—V. 75, p. 397.
Syracuse (N. Y.) Lighting Co.— Earnings.— The earnings
(including the gas company) for the month of August, 1902,
are reported as follows: Gross, 548,165, an increase of 16}£
p. c. over August, 1901; net earnings, $21,720, increase 42'95
p. c; interest on bonds, $16,863; surplus applicable to dividends, $4,857.— V. 75, p. 398.
Troy Steel Co.—Successor.— See Troy Steel Products Co.
below.—V. 75, p. 458.
Troy (N. Y.) Steel Products Co.— Successor Company.
Thia company was incorporated at Albany on Aug. 80 with
$1,750,000 authorized capital stock (in $100 shares) and the
same amount of first mortgage 5 p. c. $1,000 gold bonds, as
successor of the Troy Steel Co., recently foreclosed. Of the
new securities $250,000 each of stock and bonds are to remain
in the treasury, and the remainder are offered for subscription at $80 a snare for the stock and par for the bonds in
equal proportions to each subsoriber. The proceeds will
cover the purchase price of the property ($525,000), and provide for additions (including new basic open-hearth steel
tice
—
—
furnaces), for improvements, working capital, etc.
The
capacity of the works under present conditions is stated as
180,000 tons per annum.
The
first
mortgage bondholders and debenture bondhold-
ers of the Troy Steel Co. are offered the privilege of subscribing, on or before Sept. 25, for the new stock and bonds
to the extent of 115 per cent of their present holdings at the
Guaranty Trust Co. Subscriptions from the bondholders of
the Troy Steel Co. have already been received in excess of
$1,000,000, and the balance has been underwritten. The circulars with reference to the matter are signed by Alfred C.
Bedford, 26 Broadway. The directors are:
Everett D. Arnold, Yonkers; William Franois Donovan, 8t. Louis;
J. Russell Clarke, J. Hollis Gibson and George L. Olney, Brooklyn;
Francis L. White, Snmmit, N. J., and Louis E. Freeman, Orange, N. J.
-V.
75, p. 458.
t3T For otherlnrestnientNews see Page 621.
THE rHKONICLK.
614
Hearts
[VOL.
LXXV.
ixu& ^Botmucnts.
THE DENVER & RIO GRANDE RAILROAD COMPANY.
SIXTEENTH ANNUAL REPORT-FOR THE FISCAL YEAR ENDED JUNE
To the Stockholders of The Denver & Rio Grande Railroad
Company:
During the year ended June 30th, 1902, your Company
substantially completed the purchase of the property of the
Rio Grande Western Railway Company, by the issuance of
$20,750,000 00 of your preferred capital stock, the plan for
which was fully set forth in our last annual report, and by
reason of its ownership and operation, the receipts and expenditures arising therefrom, as well as the assets, liabilities
and statistics, are included in this report, and for the purpose of comparison the figures of both companies for the
previous year have been consolidated.
Your income from all sources, excluding accretions to the
Renewal Fund, but including $165,761 93 received for interest on investments and loans, was $17,202,590 41, an increase
of $681,205 39 over the previous year.
The gross earnings from operation were $17,036,828 48, being an increase of $677,218 14. The operation expenses were
$10,331,542 43, being a decrease of $15,594 08. The net earnings were $6,705,286 05, being an increase of $692,812 22.
The increase in gross earnings from operation was 4*14 per
cent; the decrease in expenses was "15 per cent and the
increase in net earnings was 11 '52 per cent.
After providing for interest on funded debt, taxes, insurance and rentals of leased lines, and two semi-annual
dividends of 2% per cent 'each, upon the preferred stock,
and contributions amounting to $120,000 to the Renewal
Fund, there remained a surplus from the year's operation of
$862,624 91, from which was appropriated for the purchase
of new standard-gauge equipment $500,000, leaving a surplus for the year of
$362,624 91
To which should he added
credits to Profits
and Loss
13,780 38
direct
Making a
From which
direct
total of
$376,405 29
should be deducted charges to Profit and Loss
121,163 71
Leaving an increase in Profit and Loss of
$255,241 58
as per page 19 of pamphlet report, the details of which will
be found on page 11.
There were bonds and stocks in the Treasury on June 30th,
1902, amounting to $27,403,170 00 at par value, but appearing on the books at $25,742,136 30, and in addition there were
in the Special Renewal Fund securities at par and cash
amounting to $503,708 33, the book value of which was
$403,922 08. There were also bonds and stocks of branch
lines and the Utah Fuel Co., amounting to $16,423,000 00 at
par, carried on the books at $9,477,063 52, deposited with
The Morton Trust Company, Trustee, as collateral for the
First Consolidated Mortgage Bonds of the Rio Grande Western Railway Co. A detailed statement of all these securities is submitted on page 617.
Your Company has no floating indebtedness, and the unpaid vouchers at the close of the fiscal year were those for
the month of June, payable in the usual course of business
during July.
A contract was made with the San Luis Valley Land &
Mining Co. for the construction and operation of the Crestone Branch, about seventeen miles in length, extending
in an easterly direction from Moffat, Colorado, to the mining camp of Crestone and beyond to a point called Cottonwood; the Mining Company were to furnish all the necessary labor and materials, except rails and lastenings, which
were to be furnished by your Company, the Mining Company
to be reimbursed for its outlay by monthly payments based
on the earnings from traffic over, and to and from, the
branch. The line was completed August 21st, 1901, and
since that date has been operated by your Company. This
line was built under the charter of the Rio Grande Sangre
de Cristo RR. Co., and therefore the cost of the rails and
fastenings furnished has been charged to that Company,
and the monthly reimbursements to the Mining Company
are also being charged to the same Companv.
On account of the rich and extensive coal fields and the
prosperous fruit-growing farms along the north fork of the
Gunnison River, your Company found it desirable to construct what is known as the North Fork Branch, extending
in a northeasterly direction from the town of Delta, Colorado. Twenty-five miles have been finished, and contracts
have been let for an additional twenty-one miles; the cost
thereof is being charged to the Rio Grande RR. Co., under
whose charter the branch is being built. It is expected the
line will be finished and ready for operation by November
1st next.
The construction of the Castle Valley cut-off on the Rio
Grande Western Railway was commenced last spring. The
surveys and location were completed and a contract was let
for 21 miles of grading. The cut-off will extend from Farnham on the main line to Salina on the Marysvale branch, a
30,
1902.
distance of 116 miles, and when completed will afford a
route 38 miles shorter than the present one to Southwestern
Utah. Important coal fields in the vicinity of Salina Canyon
and in contiguous districts can be opened up and the coal
made available for commercial use to meet the growing demands for Utah fuel. The construction of the cut-off will
be prosecuted from time to time according to the requirements of the various classes of traffic, which it is believed
can be developed in the territory to be traversed.
The committee appointed under the by-laws at the last
annual meeting of the shareholders again selected Mr. W. G.
Purdy to examine the accounts of the Company. He consented to act and made a careful examination of them in
Denver, and his certificate
is
submitted herewith for your
information.
The standard-gauging of the Denver & Rio Grande Railroad was extended during the year from Monte Vista to Del
Norte on the Creede Branch, a distance of fourteen miles,
and over the Castle Rock, near Denver, 2-65 miles,
which, together with other small extensions, have increased
your standard-gauge mileage about eighteen miles.
The
policy of gradually strengthening standard-gauge main lines
was ©ontinued, and 6,081 tons of new 85-lb. steel rail were
used on the D. & R. G. RR., releasing second hand 65 and
52-lb. rail for transfer to other parts of the road, to replace
30 and 40 lb rail. There are now about 310 miles of standardgauge track laid with 85-lb. steel. No expenditures on the
D. & R. G. RR. were charged to Capital Account except
those for equipment.
There were issued and sold during the year $2,400,000 00
of D. & R. G. RR. Co. consolidated mortgage 4 per cent
bonds for the purchase of new equipment.
There were ordered during the year for the D. &. R. G.
RR. 55 locomotives, 20 coaches, 3,750 freight cars, 150 ballast
cars and 14 cars for construction and road repair service, at
a total approximate cost of $4,072,000 00. Of this equipment
there were delivered and paid for during the year locomotives and cars amounting to $2,165,908 25, charged respectively $1,562,108 25 to Capital Account. $500,000 00 to Income,
and $103,800 00 to Renewal Fund. Details will be found on
page 31 of pamphlet report.
The expenditures for improvements on the R. G. W. Ry.
amounted to $680,132 27, and for new equipment, in addition
to that ordered for D. & R. G. RR., $698,867 93, which were
charged to Capital Account and paid for out of the proceeds
of Rio Grande Western Ry. Co. first consolidated four per
cent bonds sold prior to June 30th, 1901. Details of these
expenditures are shown on next page and page 31 of
pamphlet report.
During the year the modifications of grades and alignments of certain portions of the Rio Grande Western Railway were continued, and excluding the cost of bridges,
$89,036 96 was expended therefor. Similar work, but to a
lesser extent, was done on some portions of the main line of
the Denver & Rio Grande, at a cost, excluding bridges, of
$45,092 02, and the work will be continued on both roads
during the ensuing year.
In connection with these
improvements some lisrht bridges of metal or wood have
been replaced with heavier structures of a permanent character, in line with the policy referred to in previous reports.
The expenditure for improvement of bridges, beyond ordinary repairs, amounted to $135,426 64 on the Rio Grande
Western Ry. and to $105,497 15 on the Denver & Rio
Grande RR.
The proceeds of mortgage bonds issued by the Denver &
Rio Grande Railroad Co. as well as the proceeds of those
issued by the Rio Grande Western Ry. Co., will be devoted
to the c mstruction, improvement and equipment of the
,
lines of these respective companies, and the securities issued
on bebalf of each Company and the expenditure for Capital
Account are now and will continue to be shown separately
in our annual statements.
The earnings of the Company on traffic to and from the
Rio Grande Southern Railroad during the fiscal year were
$484,284 25, as against $460,853 15 for the previous year. The
in ome of the Rio Grande Southern from all sources was
$583,381 79, an increase of $37,155 91 compared with the
previous year, and there was a surplus of $52,292 03 after
providing for operation expenses, interest on funded debt,
taxes and insurance.
It is a pleasure to again acknowledge the zeal and loyalty
of the officers and employes generally, and their efforts in
behalf of the Company.
By
order of the Board of Directors.
E. T.
JEFFERY,
President.
New
York. August 25th,
1902.
September
THE CHRONICLE
20, 190S,]
Denver, Colorado, August 31, 1902.
& Rio Orande Railroad
Income Account, based oh
such comparison, and Tabular Statement of Securities
owned by the Company at that date, arranged in the order
named. In conjunction with the Balance Sheet and immediately following it, I have inserted a statement, showing the adjustments made in the account of " Cost of Road"
for the fiscal year ended June 30, 1902.
Annexed hereto is the report of the Auditor, exhibiting
in detail the Earnings and Expenses, and other statistical
information from the records of the Company, including
those of the Rio Grande Western Ry., for the same period.
financial operations outside of its
To the Stockholders of The Denver
Company:
The Committee appointed at the Annual Meeting of the
Stockholders of the Denver & Rio Grande Railroad Company,
held at Denver, Colorado, October 15, 1901, having requested
that I examine the books and accounts of your Company for
the fiscal year ending June 30, 1902, I have the honor to report that I have completed the examination and hereby
certify that the statements of the financial condition of your
Company, as shown in the Annual Report for that period,
are correct and as detailed therein.
The details of the several accounts, as shown in the General Balance Sheet, Statement of Earnings and Expenditures,
and the Income Account, with the statistical information
there given, are complete and correct, and are as shown by
the records in the general books of the Company.
As stated by your President, the Annual Report to the
Stockholders for the fiscal year ending June 30, 1902, includes the finances, maintenance, operation and statistics
of the Rio Grande Western Railway Company, and for purJoses of comparison these figures for the fiscal year ending
une 30, 1901, for both roads are combined.
In the performance of my duty as a representative of the
Stockholders in making the examination of said records and
accounts, I have had the fullest co-operation of the Officers
of your Company, and to them I desire to express my appreciation of the assistance rendered me in making the examination. Verv respectfully,
W. G. Purdy,
On Behalf of
615
Very
respectfully,
Stephen Little,
Comptroller.
GENERAL PROFIT AND LOSS ACCOUNT.
(Including Kio
Grande Western Railway.)
(Adjustments therein June 30, 1901, to June 30, 1902.)
DR.
OK.
$3,122,401 57
By Balance June 30, 1901
By Surplus for the year ended June 30,
1902, asjper Income Account on next
362,624 91
page
By sale of Hermosa Ranch, nearDurango,
3,25000
Colo
By Interest received on New Equipment
3,91047
Fund
Vouchers, Pay Checks, and Unclaimed Wages closed out
To Discount on D. & R. G. RR. Co. 1st
Consolidated Mtge. 4% Bonds sold
To Interest on Interim 'ertittcates issued
account acquisition of Rio Grande West-
By Old
(.
ernRailway
To Sundry Expenditures on account of
acquisition of Rio Grande Western Ry.
To Adjustments durine the year
to the debit of Profit and
the Stockholders.
.
REPORT OF THE COMPTROLLER.
The Denver & Rio Grande Railroad Co.
New York, August 20th, 1902.
my
$3,498,806 86 $3,498,806 86
By Balance
at credit of Profit and Loss
30, 1902, see Comparative Balance
Sheet, page 19 of pamplilet report
June
year then ended,
fiscal
Summary
together with Comparative BalaEce Sheet,
13,644 11
5 970 81
3,377,643 15
To Balance
President.
Dear Sir I beg to present herewith
report of the
Company's financial condition June 30, 1902, consisting of
the adjustments made in the General Profit and Loss and
Renewal Fund Accounts, during the
65,548 79
Lossdireot..
$8,747 14
Less Adjustments for same period to the credit of Profit and
2,776 33
Loss direct
Mr. E. T. Jeffery,
—
6,619 91
$36,000 00
of its
$3,777,643 15
COST OF ROAD.
Adjustments Therein June
30, 1901, to
June
30, 1902.
D.
To Balance, June 30, 1901, including R. G. W. Ry. Equipment
By Rio Grande Western Ry. Equipment now written out of this account
into
Equipment.
of Road June 30, 1901, excluding R. G. W. Ry. Equipment.
Betterments transferred to this account
Construction of Branches transferred to this account
Utah Central RR. Construction transferred to this account
Improvements R. G. W. Ry. transferred to this account
Construction Carbon Co. Ry. transferred to this account
Construction Castle Valley Ry. transferred to this account
Improvements Sevier Ry. transferred to this account
To Cost
"
"
"
••
"
"
"
<6
R. G.
RR.
$83,984,952 86 $31,382,240 22
2,260,326 50
72 $113,106,866 58
9,174,697 07
8,061,914 45
04
338,075 04
64
272.289 64
22
19,701 22
60
49,829 60
235 77
235 77
$101,221,564 38 $29,802,045 99 $131,023,610 37
By 12th South St. Line Construction Fund Unused.
*By Common Capital Stock
By Preferred Capital Stock
*
Total Credit
ofBoad June 30, 1902.
RENEWAL FUND.
(Adjus'.ments therein June 30, 1901, to June 30, 1902.)
OR.
Die.
By Balance June 30, 1901
By Receipts from Income
By Accretions to the fund during the
-..
year
cost of 100 New Standard-Gauge
Coal Cars, built at shops. ..
$13,800 00
To part cost of l^O New Standard-Gauge
Ballast Cars purchased.
90,000 00
To Balance
313,922 08
To part
$281,65141
120,00000
16,070 67
By
Balance at oredit of Renewal Fund June
30, 1 902, as per Comparative Balance Sheet.
$313,922 08
SUMMARY OF FINANCIAL OPERATIONS
of The Denver A Rio Grande Railroad Company (Including The
Rio Grande Western Railway) from June 30, 1901, to
June 30, 1902, Outside of Its Income Account.
Resources to be Accounted for, thus
:
Decrease of Assets.
Betterments
Construction of Branches
Improvements on Leased Lines
Bovino Stock Yards
Spur to Sugar Works, Grand Junction
'.
" \'
m
'
'.
-
Government
Total Decrease of Asse Is
"
„.
07
45
16
63
2.84186
419,565 78
118,405 46
99 849 24
662 92
$9,174,697
8 061,914
347,052
8,809
mm
.".'
? a3fl and..-.--..Agents
Conductors
S.
$6,173 19
10,000,000 00
7,500,000 00
$17,506,173 19
$17,506,173 19
..
'.'...'.'.'.".'...
in,
and represented by, the "Special In-
Increase of Liabilities.
D. & R. G. RR. Co. Capital Stock. Preferred
$20,750,000 00
D. & R. G. RR. Co. First Consolidated Mortgage 4 per
cent Bonds
2,400,000 00
Vouchers
D. & R. G. RR. Co. Mortgage Bond Coupons due and
unpaid, including July 1 Coupons
R. G. W. Ry. Co. Mortgage Bond Coupons due and unpaid including July 1 Coupons..
R. G. W. Ry. Co. Mortgage Bond Coupons on unexchanged Bonds of D.
R. G. W. Ry. Co
Utah Central RR. Co. Mortgage Bond Coupons due
&
$417,722 08 $417,722 08
Sundries
$6,173 19
10,000,000 00
7,500,000 00
$101,221,564 38 $12,295,872 80 $113,517,437 18
* These two items are written out of "Cost of Road" for the reason that the amounts are included
vestment" of $20,750,000. See Balance Sheet, page 15 of pamphlet report.
U.
Total.
83,984,952 86 $29,121,913
9,174,697 07
8,061,914 45
338,076
272,289
19,701
49,829
Total Debit.
Cost
R. G. W. Ry.
$18,233,798 57
Equipment Renewal Fund
Accrued Taxes
Accrued Rental of Leased Lines
Dividends on Preferred Capital Stock
Third Rail Account, Denver to Pueblo
546,47632
43,322 50
8,846 67
133 33
980 00
111,629 87
180,139 17
4,542 50
519.505 00
47,942 98
..
.$24,613,518 34
Total Inorease of Liabilities
Increase in Renewal Furid.
(As per Comparative Balance Sheet, Page 19 of pamphlet report.)
By Balance at Credit of Renewal Fund,
June 30. 1902
$313,922 08
By Balance at Ciedlt of Renewal Fund,
June 30, 1901
281,65141
Increase for the year
Increase o[ Profit and Loss.
(As per Comparative Balance Sheet.)
By Balance at Credit of Profit and Loss,
June 30, 1902
$3,377,643 15
By Balance at Credit of Profit and Loss,
June 30, 1901
3,122,401 57
Inorease for the year
Grand Total to be accounted for
.
$32,270 67
$255,241 58
.843,1^,829 16
:
—
.
.
THE CHRONICLE.
616
sum
This
is
accounted for as follows
STATEMENT OF EARNINGS AND EXPENSES
:
Increase of Assets.
(Including Rio Grande Western Figures for
Cost of Koad
$410,570
2,260,976
65,915
46,561
226,174
1,105,000
Equipment
Real Estate, Utah
Current Betterments
Materials and Supplies
Loans and Bills Receivable
Individuals and Companies
Pueblo Union Depot & RR Co. Sinking Fund
D. & R. G. RR. Co. First Consolidated Mortgage 4 per
cent Bonds, Special Renewal Fund
(to be invested)
Special Investment Rio G.
Preferred Capital Stock
Rio Grande Pagosa
&
W. Ry.
Co.,
457,56141
800 00
$25,484,178 33
$10,000,000 00
7,500,000 00
28,413 81
Rolls
2,462 23
67,909 99
38,182 63
13,682 17
.$17,650,650 83
$43,134,829 16
Express Money Orders
Traffic Balances
Insurance and other Reserve Funds
Sundries.....
Total Decrease of Liabilities
Grand Total accounted for
Compared with Year Ended June 30, 1901.
1901-02.
190001.
Earnings—
Passenger
.-
60-64
$6,705,286 05
Total Net Income
165,761 93
$6,871,047 98
Less—
Interest
on Funded Debt
$2,898,092 50
535,62192
44,394 91
190,313 74
Taxes
Insurance
Rental of Leased Lines
Surplus for the Year
Being an increase of $387,248 56 over
Total Expenses
Balance
From which was appropriated towards the purchase of
new Standard-Gauge Freight Equipment
to the credit of Profit
96,598
$677,218
7.
J.
$10,331,542 43 $10,347,136 51
7>.
$1,887,596
497.315
1,699,714
5,570,684
152,689
539,135
60-64
$15,594
63-25
$6,705,286 05
Net Earnings
$25,951
7.45,369
7.18,664
D. 42,399
7.5,105
D. 68,285
$6,012,473 83
7.
$692,812
EARNINGS, EXPENSES AND NET EARNINGS.
(Including Rio Grande Western Ry.)
From July
1890-91
1891-92
1892-93
1893-94
1894 95
1895-96
1896-97
1897-98
1898-99
1899-1900
1900-1901
1901-1902
1,
1890,
to
June
Aver, miles
Earnings.
Operated.
1,986
$11,197.05107
2,121
11,474,871 08
11,814,108 47
2,160
8,577,362 47
2,173
30, 1902.
Expenses.
$6,960,38104
6,789,928 80
6,885,23134
5,349,564 60
9,106,53171
5,437,455 37
10,008,544 90
5,848,177 06
9,413,618 77
5,679,880 90
11,705,213 82
7,086,775 70
12,623,235 56
7,794,875 46
14,756,683 16
9,201,848 56
16,359,610 34 10,347,136 51
17,036,828 48 10,331,542 43
2,177
2,181
2,212
2,232
2,254
2,294
2,330
2,347
Net
Earnings.
$4,236,670 03
4,684,942 28
4,928,877 13
3,227,797 87
3,669,076 34
4,160,367 84
3,733,737 87
4,618,438 12
4,828,36010
5,554,834 60
6,012,473 83
6,705,286 05
3,668,423 07
PER MILE OPERATED.
Average
Tear.
2,340,000 00
$862,624 91
500,000 00
and
$362,624 91
LOSS
$18,347
562,273
J.
18
89
57
17
78
92
Percentage of Operation..
$3,202,624 91
surplus of previous year, out of which
were declared two dividends on the
Preferred Capital Stock, viz.
No. 21 of 2^ per cent payable Jan. 15, 1902
$1,110,000 00
No. 22 of 2 Jfi per cent payable July 15, 1902
1,110,000 00 $2,220,000 00
There was also set aside for Renewal
Fund
120,000 00
Remaining Surplus carried
$17,036,828 48 $10,359,610 34
Expenses—
Maintenance of Way
$1,913,547 99
542,685 33
Maintenance of Structures
Maintenance of Equipm't. 1,718,378 66
Conducting Transporta'n. 5,528,284 94
Express
157,795 05
470,850 46
General
Tear.
$124,956 00
40,805 93
J.
J.
1,095,316 64
1,191,914 98
Total Earnings
INCOME ACCOUNT
Net earnings for Operation
Add Income from Interest and Dividends
on Securities Owned
Interest Discount and Exchange
Inc. or Dec.
Express, Mails, Miscella-
(Including Rio Grande Western Ry.)
Fob the Fiscal Year Ended June 30, 1902.
Gross Earnings from Operation
$17,036,828 48
Operating Expenses
10,331,542 43
Percentage of Operation
$12,150,028 12 $12,131,681 28
3,132,612 42
3,694,885 38
Freight
neous and Rents
20,750,000 00
Northern RR. Co. Capital Stock.
38,348 64
Decrease of Liabilities.
Rio G. W. Ry. Co. Capital Stock, Common
Rio G. W. Ry. Co. Capital Stock, Preferred
Both Years)
For the Fiscal Tear Ended June 30, 1902,
72,608 75
Common and
Total Increase of Assets
Pay
60
18
36
00
47
00
49,66192
Cash
LXXV.
[Vol.
1890-91
1891-92
1892-93
1893-94
1894-95
1895-96
1896-97
1897-98
1898-99
1899-1900
1900-1901
1901-1902
Miles
Operated.
1,986
2,121
2,160
2,173
.2,177
2,181
2,212
2,232
2,254
2,294
2,330
2,347
CONDENSED BALANCE SHEET JUNE
Earnings
Per Mile of
Road.
$5,638 00
5,410 00
5,469 00
3,947 00
4,183 00
4,589 00
4,256 00
5,244 00
5,600 00
6,433 00
7,021 00
7,259 00
Expenses
Per Mile of
Road.
$3,505 00
3,201 00
3,188 00
2,462 00
2,498 00
2,681 00
2,568 00
3,175 00
3,458 00
4,011 00
4,441 00
4,402 00
ICet
Earning*
Per Mile of
Road.
$2,133 00
2,209
2,281
1,485
1,685
1,908
1,688
2,069
2,142
2,422
2.580
2,857
00
00
00
00
00
00
00
00
00
00
00
1902.
30,
(Including Rio Grande Western Ry.)
ASSETS-—
Cost of Road
$113,517,437
8,656,443
65,915
50,000
46,561
25,062
916,042
Equipment
Real Estate, Utah
Express Property
Current Betterments
Real Estate, Colorado
Materials and Supplies
State and County Warrants
Cash
Loans and
Bills Receivable
Individuals and Companies
Agents and Conductors
U. S. Government
Pueblo Union Depot & RR. Co. Sinking Fund
Securities in the Treasury
Sundries
Special Renewal
Fund
Securities Deposited with The
Co
Morton Trust
18
80
36
00
00
26
94
3,33197
2,786,401 84
1,105,000 00
933,327 29
340,404 47
119,969 17
9,600 00
3,626,966 63
4,594 83
403,922 08
Trtjstkf*
Utah Fuel Co., Capital Stook
$6,000,000 00
Tintic Range Ry.and Sevier Ry. Co.'s
Capital Stock
3,474,249 43
Utah Central RR. Co. Capital Stock..
2,745 72
Utah Eastern Ry. Co. Capital Stock..
68 37
Investments:
Rio Grande Western Ry. Co. Capital
Stock
$20,750,000 00
Rio Grande & Santa Fe Ry. Co. Capital Stock
217,500 00
Bio Grande Southern RR.Co. Capital
Stock
225,56000
Rio Grande Junction Ry. Co. Capital
Stock
173,31100
Rio Grande RR. Co. Capital Stock
580,000 00
Rio Grande Pagosa & Northern RR.
Co. Capital Stock— Cost to date....
123,730 57
Western Express Co. Capital Stock.
20,000 00
D. & R. G. RR. Co. Preferred Capital
Stock
5,580 00
Duchesne Ry. Co. Capital Stock
5,110 20
Castle Valley Ry. Co. Capital Stock..
4,257 90
Carbon Co. Ry. Co. Capital Stook
2,000 00
Pueblo Union Depot & RR. Co. Capital
Stock
8,120 00
Liabilities—
D. & R. G. RR. Co. Cap. Stook, Common.$38,000,000 00
D. & R. G. RR. Co. Cap. Stock, Pref ... 44,400,000 00 $82,400,000 00
D. &R. G. RR.Co. 1st Con. M. 4% Bonds$31, 117,000 00
D.&R.G. RR. Co. 1st Con. M. 4k% Bonds 6,382,500 00
D. & R. G. RR. Co. Imp. M. 5% Bonds..
8,120,000 00
45,619,500 00
R. G. W. Ry. Co. First Tr. M. 4%Bonds.$15,200,000 00
R. G. W. Ry. Co. 1st Con. M. 4% Bonds. 12,276,600 00
Pay Rolls
Express Money Orders
Balances
D. &. R.G. RR. Co. Mtg. Bond Coupons
due and unpaid, inol. July 1 Coupons.
Traffic
Mtg. Bond Coupons
due and unpaid, incl. July 1 Coupons.
Utah Central RR. Co. Mtg. Bond CouR. G.
W. Ry.
D. & R. G. RR. Co. Mtg. Bond Coupons
accrued but not due 7
R. G. W. Ry. Co. Mtg. Bond .Coupons
accrued but not due
R. G. W. Rv. Co. Coupons on unex-
changed Bonds of D.& R.G.W.Ry.Co.
Utah Central RR. Co. Mtg. Bond Coupons accrued but not due
Equipment Renewal Fund
Betterment Fund
Insurance Fund
Personal Injury Fund
Gas Plant Operation Fund...
Duchesne Ry. Co. Construction Fund..
.
Accrued Taxes
Accrued Rental of Leased Lines
Dividends on Preferred Capital Stook.
SundriesThird Rail Account— Denver to Pueblo.
22,115,169 67
Total Liabilities
Accounts to Balance:
Renewal Fund
Prorltand Loss
Total Assets
$164,203,214 01
Total
00
67
10
19
89
793,871 25
Co.
pons due and unpaid
9,477,063 52
27,476,600
956,786
618,747
20,177
177,388
Vouchers
313,060 00
980 00
1,107,911 25
33,833.33
100,000 00
20000
3,900 00
137,933 33
118,181 64
64,826
97,599
28,267
14,623
2,260
23
29
95
43
40
30
57
18
00
•24 68
47,942 98
207,577
442,126
37,571
1,110,880
$160,511,648 78
313.922 08
15
3, 377,643
$164.203,214 01
>
September
THE CHRONICLE.
20, 1902.]
617
STATEMENT OF SECURITIES OWNED JUNE
Bonds
No.
i>'
Treasury.
$67,000 00
$67,000 00
16,500 00
16,500 00
500 00
500 00
1,411,000 00
919,366 63
<
Book Value.
100,000 00
87,000 00
2,276,600 00
260,000 00
2,276,600 00
260,000 00
$4,131,600 00
$3,626,966 63
Rio Grande Western Ry. Co.
First Con. Mort. 4% Bonds...
200 Utah Cen. RR.Co. 1st M. 4% B'ds
147.000 00
90,708 33
140,313 75
90,708 33
$503.708 33
$403,922 08
$1,301,000 00
$1,360,682 56
1,772,000 00
642,395 72
each.)
Cash
IstM 6%Bond
(to
be invested)
Total
Capital Stocks in Treasury.
100,000 8hares Rio Grande West. Ry.Co.$10,000,000 00
20,750,000 00
75,000 Shares Rio Grande Western
7,500,000 00
Ry. Co., Preferred _.„„_...-...
2,255,600 00
225,560 00
22.556 Shares Rio Gr. South. RR. Co.
12,21li$ shares Rio Grande Juno.Ry. Co. 1,221,150 00
173,311 00
3,750 Shares Rio Grande & Santa Fe
375,000 00
217,500 00
RR. Co
580,000 00
580,000 00
5,800 Shares Rio Grande RR. Co
2,000 Shares Rio Grande Pagosa &
200,000 00
123,730 57
Northern RR. (cost to date)—
8II3 Shares Pueblo Union Depot &
8.120 00
8,120 00
RR. Co
20,000 00
1,000.500 00
10,005 Shares Western Express Co
33,000 00
2,000 00
330 Shares Carbon County Ry. Co..
51,000 00
5,110 20
500 Shares Duchesne Ry. Co
41,000 00
4,257 90
410bhares Castle Vy. Ry. Co
62 Shares Denver & Rio Grande
6,200 00
5,580 00
RR. Co. Preferred
—
$172,900 00
Cons. Mort. 4% Bonds (131 of
$1,000 eaoh and 32 of $500
2,2 To 6-10
Securities Deposited with
the Morton Trust Company, Trustee.
1,301 Tintic
gage
Range Ry.
5% Bonds
Co. 1st Mort-
1,772 Sevier Ry. Co. 1st Mortgage
5% Bonds
5 ,204 Shares Tintio Range Railway
Co. Preferred Capital Stock
7,806 Shares Tintic Range Railway
520,400 00
)
780,600 00
)
>
Common
Capital Stock...
6,196 Shares Sevier Ry. Co. Preferred
Capital Stock
9,294 Shares Sevier Ry. Co. Common
Capital Stock
2,500 Shares Utah Central Railroad
Companv Common Capital
Co.
1,350,071 15
619,600 00}
121,100 00
\
929,400 00 3
250,000 00
Stock.
2,500 Shares Utah Eastern Railway
Company Common Capital
Stock
250,00000
100,000 Shares Utah Fuel Co. Common
Capital Stock
10,000,000 00
2,745 72
.'
$23,271,570 00 $22,115,169 67
Total
in
No.
67 Denv. ok Rio Or RR. Co. 1st Con.
M. 4% Bonds of $1.000 each..
33 Deiiv. & Rio i.iran. RR. o. Imp.
Mort. 596 Bonds of $500 each.
1 Denver & Rio Grande RR. Co.
Fiist Cousol. Mort. 4 Wo Bond
1,411 Rio Grande South. RR. Co. First
M. i% Bonds of $1,000 each..
1 Rio Grande Gunnison Ry. Co.
Total
1902.
Special Renewal
Fund.
Face Value.
266 Rio Grande Southern RR.C0. 1st
Mortgage 4% Bonds of $1,000
$266,000 00
each
163 Denver & Rio Grande RR.Co.lst
Bonds
Book Value.
Face Value.
30
Total Bonds and Stocks... $27,403,170 00 $25,742,136 30
68 37
6,000,000 00
Total
$16,423,000 00 $9,477,063 52
Grand Total
$44,329,878 33 $35,623,121 90
CURRENT ASSETS AND LIABILITIES JUNE
30,
1902.
(Including Rio Grande Western Ry.)
.A-"* S ETS •—
Materials and Supplies
State and County Warrants
~*
$916,042 94
3,33197
$2,483,981 84
Cash
302,420 00
Morton Trust Co. Bond Coupon Account.
Liabilities—
Vouchers
PayRolis
$956,786 67
618,747 10
$1,575,533 77
-
2,786,401 81
$1,100,000 00
5.000 00
Loans Receivable
Bills Receivable
933,327 29
119,969 17
U.S. Government
$919,366 63
Rio Grande Gunnison Ry. Co. 1st Mtge.
D.
& R.
G.
4%Bonds
& R. G. RR.
5%Bonds
RR.Co
629,89000
143,898 75
D.&RG.RRCo
19,57500
Coupons First Trust Mtge. 4% Bonds R.
G. W. Ry. Co
Coupons First Cons. Mtge. 4% Bonds R.
G. W. Ry. Co
Coupons First Mtge. 4% Bonds Utah
Cent. RR. Co.
309,500 00
3,56000
98000
1,107,911 25
67,00000
Co.
Improvement Mtge.
& R. G. RR. Co. First Cons. Mtge.
4V/o Bond
Rio Grande Western Ry. Co. 1st Cons.
Mtge. 4% Bonds
Utah Central RR. Co. 1st
Bonds
16,50000
50000
2,276,600 00
Mtge.
4%
260,000 00
3,626,966 63
4,594 83
Sundries
Special Renewal Fund.
Representing the Investment of Re-
newal
G.
Acorued Interest on Improvement Bonds
D. & R. G. RR. Co
Accrued interest on First Cons.Mtge. 4%
Bonds R. G. W. Ry. Co
Accrued Interest on First Mortgage 4%
Bonds Utah Cent. RR. Co
Accrued Interest on D. & R. G. W. Ry.
Co. Mortgage Bonds Unexchanged
First Cons. Mtge.
D.
Fund—
& R. G.
RR.C0. First Cons. Mtge. 4%
Bonds
Rio Grande So. RR. Co. First Mtge. 4%
Bonds
Cash (to be invested)
D.
&R.
$50750
87,00000
RR. Co.
D.
D.
340,404 47
4%
6% Bonds
R. G.
Coupons Improvement Mtge. 5% Bonds
9,600 00
Co. 1st Mtge.
&
Coupons First Cons. Mtge. 4% Bonds D.
&R. G. RR. Co
Coupons First Cons. Mtge. 4^% Bonds
1,053,296 46
Agents and Conductors' balances due
and in transit
Pueblo Union Depot & RR. Co. Sinking
Fund
Bonds ix Treasury:
Rio Grande 80. RR.
Bonds
20,17719
177,388 89
RR.CO
1,105,000 00
Individuals and Companies
Express Money Orders
Balances
Coupons First Mtge 7% Bonds D.
Traffic
3,900 00
200 00
137 933 33
118|l81 64
205,316 90
2,26040
442,126 57
37,57118
1,110,880 00
32 324 68
47,942 98
Equipment Renewal Fund
Sundry other Reserve Funds
Duchesne Ry. Co. Construction Fund
Accrued Taxes
Accrued Rental of Leased Lines
Dividends on Preferred Capital Stock
Sundries
Third Rail Account, Denver to Pueblo
140,313 75
172,900 00
90,708 33
Total Current Liabilities
Balance, Current Assets in Excess of Current
403,922 08
TOTAL
33,833 33
100,000 00
$10,249,56122
$5,015,548 78
5,234,012 44
Liabilities..
Total
$10,249,56122
THE YAZOO & MISSISSIPPI VALLEY RAILROAD COMPANY.
TWENTY-FIRST ANNUAL REPORT—FOR THE FISCAL YEAR ENDED JUNE
The number of miles of railroad operated by the Yazoo & Mississippi Valley RR. Co. on June
On November 1,1901, a branch from Boyle to Dockery, Miss., was put in service
And on April 1, 1902, the track between Huntington and Moore, Miss., was taken up
Making the number
30, 1902.
30, 1901,
was
1,090*72
8*10 miles
3"20 miles
4-90
1,095-62
of miles of railroad in operation June 30, 1902
The average number of miles of railroad operated by this Company during the year ended June
an average of 1,056 "51 operated in the preceding year.
The following is a summary of the Company's business for the year ended June 30, 1902
30, 1902,
has been
1,095 32, against
,
:
Gross Receipts from Traffic
Expenses of Operation
Taxes
Income from
$6,587,355 80
."...."..
."."."..."
$4,422,674 39
282,262 28
4,704,936 67
Interest collected on Investments
$1,882,419 13
47,752 01
Excess of Income over Expenses of Operation and Taxes
$1,930,171 14
Traffic,
being the excess of Gross Receipts over Expenses of Operation and Taxes
:
THE CHRONICLE.
618
[Vol.
Brought forward
From
LXXV,
$/,<?j'o,
this there has
ni
14
been paid, for Interest on:
$2,800,000 00 Y. & M. V. First Mortgage Bonds
6,278,432 35 Y. & M. V. 4% Improvement Bonds
16,832,00000 L. N. O. & T. First Mortgage Bonds
$140,000 00
251,137 30
673,280 00
Total of Absolutely Fixed Charges.
Surplus June 30, 1902, over
all
1,064,417 30
Absolutely Fixed Charges
$865,753 84
As compared with the preceding year
The average number of miles of railroad operated Increased
Gross Receipts from Traffic increased.
Expenses of Operation increased..
Exi ess of Gross Receipts from Traffic over Operation Expenses and Taxes decreased
Excess of Income over Expenses of Operation and Taxes decreased
:
38-81 or 3-67 per cent
"
7-50
•.
$459,414 05
664,778 57
187,270 84
140,214 13
60,110 94
200,325 07
Total of Absolutely Fixed h arses increased.
The Surplus from the year's earnings decreased
<
The following
table
shows the results of the Company's business
Number
Tears Ended
June 30th.
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902.
of
Miles
Operated.
807-27
807-27
807-27
807-27
807-27
807-27
951-80
1,000-68
1,056 51
1,095-32
Rtceivlsfrom
Expenses
Traffic over
Taxes.
Gross Receipts.
and
$3,319,131
M ,338,859
3,331,334
3,529,625
3,936,513
4,775,647
4,576,349
5,300,889
6,127 941
6,587,355
04
50
58
10
$2,463, 653 47
20
2,5SO *33 98
3,063, 975 12
3.162, 542 37
53
72
55
75
80
2,28i 370 20
2.290. 207 fO
2.v34. 625 51
3,217, 796 24
3.757, 895 82
4,422, 674 39
Total Income,
including In-
Expenses
0/ Operation
Operation.
$96,337 89
89,091 40
90,0'= s 53
103,708 84
124,982 09
142,644 26
15^,473 10
177,917 26
300.355 86
282,262 28
"
"
'•'
"
1769
9-05
6-77
5 99
18-79
in each of the past ten years
Excess 0} Gross
Average
"
ter est' on
Investments.
Taxes.
$781,693 02
973,628 85
955,623 98
1,191,359 72
0->
49
27
14
1,905,176
1,882,419 13
on Second Mortgage
Income Bonds and on
Land Grant Income
Bonds of the
L. N. O.
$759,139 68
9C9.397 90
951,068 55
1,191.290 75
1,260,897 13
1,569,028 15
1,257,334 55
?,06<J,869 97
Fixed Charges,
Exclusive of Interest
1,260,«64
1,569.234
1.257.601
1.905,539
2,070.385
1,930,171
00
19
53
<t
T.
Surplus.
hy. Oo.
$774,412
754,495
693,722
690,522
690,522
785,20;
916,680
946,240
50
10
72
72
72
72
00
00
1,004.306 36
1,064,417 30
$7,230
219,133
261,901
500,837
570,441
784,031
340,921
959,299
1,066,078
865,753
52
75
26
00
28
47
53
49
91
84
The surplus here shown is stated without the payment of any interest on either the Second Mortgage Bonds or the
Land Grant Income Bonds of the Louisville New Orleans & Texas Railway Company, of which $9,104,000 and $10,000,000
are respectively outstanding.
The mortgage given in 1886 to secure the Second Mortgage BoDds provides that interest is only to be paid on them
when it shall be earned and so determined and declared by the Foard of Directors, but that such interest shall be cumulative, and in case less than two and one-half per centum be paid in any half-year, the unpaid interest, with interest on
such unpaid interest at the rate of five per centum per annum, shall be carried forward to the credit of the bonds for subsequent payment as such net earnings shall suffice for, or at the maturity of the bonds.
The Louisville New Orleans & Texas Eailway Company permitted the interest on these bonds to accumulate and be
compounded until the autumn of 1892, when that Company was merged into the Yazoo & Mississippi Valley Railroad
Company. Since then in each of the fiscal years ended June 30, 1893, 1894, 1895, 1896, 1897, 1^98 and 1901, payments,
ranging from $198,451 to $1,016,078 91 per annum, were made on account of interest due thereon. The arrears of interest
due and unpaid upon these bonds amounted on June 30. 1902, to $4,879,507 95.
The Board of Directors of the Yazoo & Mississippi Valley Railroad Company have determined and declared that from
the earnings of the year under report the $865,753 84 remaining shall be paid on September 1, 1902, to the owners of the
Second Mortgage Bonds of the Louisville New Orleans & Texas Railway Company on account of the interest then due
thereon.
No interest has ever been paid on any part of the $10,000,000 of Land Grant Income Bonds of the Louisville New
Orleans & Texas Railway Company, nor is such payment secured by any lien upon the railway or the income therefrom.
BACK TAXES
IN MISSISSIPPI.
The suits pending in the Supreme Court of Mississippi in respect
argued and recently have been re-docketed for further argument.
ADVANCES ON LINES
The advances made during the year on new
lines or
to taxes for the years 18S6 to 1891 inclusive
have been
IN CONSTRUCTION.
branches in Mississippi have been as follows
;
Leland to Bogue Pbalia
Rosedale to Dockery
Parsons to Grenada
Tutwller to Lake Cormorant
Belzona to Yazoo City
'
$14,068 09
51,101 77
1,033 42
591,977 09
2^,59441
$686,774 78
Total
The sums here given do not include advances made in previous years, or any charges for interest, for the transportation of materials over the Yazoo & Mississippi Valley Railroad or the use of its equipment, but merely the cash outlay
during the year ended June 30, 1902.
TERMINALS IN NEW ORLEANS.
In pursuing the policy of improving its facilities for handling foreign commerce at New Orleans,
of land near Stuyvesant Docks, and has completed and put in operation
a capacity of 1,500,000 bushels, together with a small cleaning elevator and the necessary wharves
Company now owns elevators at New Orleans with a total storage capacity of 2,500,000 bushels, and a
ors which permits of the loading of eight of the largest vessels at one time.
bought two additional blocks
the Company has
an elevator having
and sidings. The
system of convey-
PERMANENT IMPROVEMENTS CHARGED TO CAPITAL.
As shown in Abstract "A," the total outlay during the year for the foregoing and for other permanent improvements
has been $1,792,333 21.
Four per cent gold improvement bonds of the Yazoo & Mississippi Valley Railroad Company have been issued to this
r
amount and
sold at par.
EQUIPMENT.
There were received July 1, 1900, with the Yazoo Delta Railway, 3 small Engines, 3 Passenger Cars and 29 Freight
Two of the Engines were broken up, the remaining Engine and the three Passenger Cars are included in this
Company's Equipment, and now reported for the first time. The twenty-nine Freight Cars are in like manner reported
under the head of Work Cars.
Cars.
INSURANCE FUND.
All losses by fire have, as heretofore, been defrayed from the Insurance Fund, which
has increased during the year by $23,962 05.
WEIGHT OF
to $200,845 88
and
RAILS.
All rails in the main track and nearly all of those in side tracks are of steel.
is 59-02 pounds per yard, lightest 40 pounds, and the heaviest 75 pounds.
track
now amounts
The average weight
of rails in
main
—
September
,
.
THE CHKONICLE.
20, 1902.]
619
GENERAL REMARKS.
The failure of the corn crop of 1901, and the reduction in the exports of corn through New Orleans from 20,948,253
bushels, during the year ended June 30, 1901, to 2,159,531 bushels in the year ended June 30, 1902, deprived the Company
of a large tonnage passing over the whole length of the railroad from Memphis to New Orleans. The competition for
export grain is very severe and it is necessarily carried at extremely low rates. As a result the average receipts per ton
per mile have, during the year under report, been 972-1000 of a cent, as against 831-1000 of a cent in the year preceding,
although there was no material change in the rates themselves. On the other hand, the average distance each ton was
carried has been 174-42 miles as against 199-41 in the year preceding. The abundant crop of corn which is now maturing
will doubtless result in increased exports through New Orleans and in the average receipts per ton per mile during the
coming year being less and the average haul being longer.
The Gross Receipts have again been larger than in any preceding year, this for the seventh time in succession. The
gross receipts per mile operated were $6,014 09, which is $213 91 per mile more than they were last year and $716 80 per
mile more than in 1900.
The General Balance sheet, the abstracts explanatory thereof and the tables submitted herewith, give in greater
detail the results of the year's business.
The thanks of the undersigned are, as ever, due and gladly tendered to the officers and men in every branch of the
service, to whose skill and fidelity those results are so largely due.
Respectfully submitted,
New
York, September
STUYVESANT
FISH, President.
10, 1902.
GENERAL BALANCE SHEET.
Abstract.
Abstract.
A Road and
Equipment.
Capital Stock
$54,100,072 66
F
Material and Supplies.
334,082 89
5i* First Mortgage
Bonds of 1952— (Y.
V. RR. Co.)
F 4% Gold
1934— Owned
&T.
944,000 00
Gold
& M.
$2,800,000 00
Improv't Bonds
and Sorlp of 1934— (Y. &
M. V. RR. Co.)
4% First Mortgage Gold
Bonds of 1934 -(L.N. O.
F
Four Per Cent Gold Im
provement bonds of
$6,168,400 00
Funded Debt:
F 5%
8,070,765 56
16,832,000 00
Ry. Co.)
Second Mortgage In-
come Bonds of 1934— (L.
& T. Ry. Co.)
6% Land Grant Income
BoDds of 1 934 - (L. N. O.
9,104,000 00
N. O.
Assets in Insurance Fund,
F
200,845 38
&T.
46,806,765 56
Net Liabilities
50,000 00
assets in Pension Fund.
10,000,000 00
R7. Co.)
678,832 54
Income (applicable to Overdue Interest on Second
Mortgage Income Bonds)
I>
865,753
858,403
200.845
50,000
Profit and Loss
Insurance Fund
Pension Fund
$55,629,000 93
$55,629,000 93
ABSTRACT "A."— ROAD AND
EQUIPMENT.
Cost of Road and Equipment to June 30, 1901
Amount expended during tue year, as shown in Table 1
Cost of
$52,307,739 45
1,792,333 21
Road and Equipment, as per general balance sheet
$54,100,072 66
ABSTRACT 'C"
4
Assets and Liabilities.
Liabilities.
Assets.
$4,275 93
140,497 71
11,391 97
Payable on Demand —
Audited Vouchers—
Vouchers Audit, prior to Junel, 1902
Vouchers Audited for June, 1902
Wages and SalariesDuo prior to June, 1 1902
Due for month of June, 1902....
,
Net
Traffic
June
30, 1902,
$22,438 70
168,901 94
191,335 64
to
but payable after
$236,093 34
Fund
for
Renewal
Fund
for
Automatic Couplers and
of Engines
and
199,284 73
Air Brakes
$834,998 15
$99,421 16
27,380 28
July 1,1902
678,832 54
$21,623 81
77,797 35
Balances due to other com-
Payable at Future Dates—
Interest on Funded Debt, accrued
Total
Other Accounts Payable.
.
22,492 64
58,990 36
Total
ABSTRACT E.-AP PLICATION
516,861 07
$834,998 15
OF INCOME.
DR. ItemsNet Receipts During the Year Ended June 30, 1902—
From the Operation of the Railway as shown in Abstract "G"
Diterest on Bonds owned
interest on Land Notes
$1,882,419 13
46,680 00
1,072 01
Available for Interest on Bonds
CJi.
84
61
38
00
$1,930,171 14
Items -
Interest paid on December 1, 1901, and June 1, 1902, on $2,800,000 Y. & M. V. First Mortgage 5 per cent Bonds.
Interest paid Januarv 1, ani payable July 1, 1902. on *6,278,432 35 Y. &M. V. 4% Improvement Bonds and Scrip.
Interest paid September 1, 1901, and March 1, 1902, on $16,832,000 L. N. O. & T. First Mort. 4 per cent Bonds
$140,000 00
251,137 30
673,280 00
$1,064,417 30
Amount
applicable to Overdue Interest on Second Mortgage
Income Bonds.
865,753 &4
$1,930,171 14
2
.
THE CHRONIC LP.
620
ABSTRACT F .-FUNDED DEBT JUNE
30,
1902.
Time.
Interest.
Amount of
Class of Bonus.
Date of
When Due
Issue.
Yazoo
&
Mississippi Valley
First Mortgage. Gold
LXXV.
fVoL,
Authorized
Amount
Rate.
Whin
Annual
Issue.
Outstanding
Fer Cent.
Payable.
Interest.
5
RR. Co.—
1, 1887 June
Various
Jan.
1952
1934
$2,800,000 00
8,070,765.'. 6
$2,800,000 00
8,070,765 56
4
June &Dec.
Jan. &July
$140,000 00
322,830 62
1886 Septl, 1934
16,900,000 00
16,832,000 00
4
Mar.
&Sept
673,280 OO
Dec.
.
Gold improvement (Bonds and Scrip)
Louisville New Orleans & Texas Rt Co.—
1,
1,
;
First Mortgage, Gold
Total on which the
Louisville
Sept. 1,
payment of interest Is
new Orleans & Texas
$27,770,765 56 $27,702,765 56
$1,136,110 62
|
Rt. Co.—
Septl, 1886 Septl, 1934
Sept. 1, 1884 Septl, 1934
9,104,000 00
10,000,000 00
9,104,000 00
10,000,000 00
5
6
146,874,765 56 $46,806,765 56
Interest
is
TABLF
only to be paid on 2d M. or on Land Gr. Bonds of the
No.
3.
L
N. O.
& T.
Ry. Co.
when earned and
so declared
-COMPARATIVE STATEMENT OF RECEIPTS FOR THE YEARS ENDED JUNE
Year Ended June
30th.
Increase.
1902.
$4,634,798 39
1,4'<!2.005 02
117,858 25
93,497 95
18,940, 73
6,777 82
31,896 54
6,698 31
35,4 34 54
6,362 49
18,488,91
21,650 75
172,946 60
Freight
Passenger
Mall
Express
Excess Baggage....
Train Pj ivileges
Rent
of Property..
Telegraph
Storage
Demurrage
Switching (balance)
Railroad Hotel
Miscellaneous
$6,587,355 80
Total
TABLE
1901.
No.
$4,064,697
1,357,360
117,366
83,698
17,231
6,493
27,744
6,420
17,669
5,922
21,862
22,64b
69
83
83
94
72
92
20
72
19
00
41
642.921 05
2,473,586 85
166,987 08
g), 139,179
$4,422,674 39
Total
No. 5.— COMPARATIVE STATEMENT OF
•42
1171
9-92
436
14-97
4-32
100-54
7-44
15-43
4-38
$459,414 05
1901.
Miles run by Freight Trains
Miles run by Passenger Trains.
Miles run by Mixed Trains
1,963,400
1,431.761
252,905
2.270,668
1,368,491
Total Revenue Train Mileage
Miles run by Construction Trains.
Miles run by 8wltohtng Engines. ..
Other Engine Mileage
3,648,066
353.141
503,985
85.257
3,639,1:9
Total Engine Miles.
4,590,749
4,814,561
38,183.595
12,138,260
50,321,855
7,203,645
33,685,630
12,283,663
45.969,293
6,490,170
476,614,147
4^,214,925
525,859,072
57,353,516
489,184,635
34,324,239
523.508,874
55.347,045
Mileage of Loaded Freight Oars.
Mileage of Empty Freight Cars
Total Mileage of Freight Cars...
Mileage of Passenger Cars
.
No. of Tons of Revenue Fr'ght carried One Mile
No. of Tons of Company Fr'ght carried One Mile
Total No. of Tons of Freight oarried One Mile.
Number of Passengers carried One Mile
Gross Receipts
Operation Expenses
Exoess of Receipts over Operation Expenses,
exclusive of Taxes
Gross Receipts per Mile of Road
Operation Expenses per Mile of Road
Excess of Receipts over Operation Expenses,
per Mile ot Road, exclusive of Taxes
Gross Receipts per Revenue Train Mile
Operation Expenses per Revenue Train Mile...
Exoess of Receipts over Operation Expenses,
per Revenue Train Mile, exclusive of Taxes..
Tons of Revenue Freight carried One Mile per
Mile of Road Operated
Passengers carried One Mile per Mile of Road
Operated
1901
Per Cent
of Increase
or Decrease
15-82
11
$3,757,895 82
$664,778 57
1769
11
57
03
1101.
1,05651
AND
$155,624 30
141,lh0 48
359,382 82
8,590 97
$983,555
501,740
2.114,204
158,396
Increase.
1,095-32
992 75
205,875 37
30, 1902
Increase.
Year Ended June 30th.
Miles of Road Operated.
$3,373 33
7-EO
GENERAL OPERATION FOR THE YEARS ENDED JUNE
1902.
Decrease.
5435
30th.
1901.
1403
476
4— COMPARATIVE STATEMENT OF OPERATION EXPENSES FOB THE YEARS ENDED JUNE
Maintenance of Wat and Structures
Maintenance of Equipment
Conducting Transportation
General Expenses
AND
Increase
or Decrease.
24
1902.
oard of Directors.
Per cent of
50
378,82197
$6,127,941 75
^
1902
30,
$570,100 70
64,636 19
491 42
9,799 01
1,709 01
283 40
4,1 52 34
277 59
17,765 35
440 49
Year Ended June
TABLE
by the
38-81
30. 1902
Per Vent of
Increase or
Decrease.
5-42
AND
1901.
Decrease.
3 67
13-53
4-62
6P.270
252,905
2814
1700
307,268
•24
8,907
35-84
21-50
ft46,H3«
658,766
193.1C5
154,781
85,257'
5-24
13 35
1-18
9-47
10-99
145,403
4,352.562
256
12,540,488
713,475
43-38
14.S9U.686
2,350,198
2,006,471
$6,587,355 80
4,422,674 39
$6,127,941 75
3,757,895 82
2,164,681 41
2,370,045 93
$6,014 09
4,037 79
$5,800 18
3,556 90
1,976 30
2,?43 28
$1 80 57-100
1 21 23-100
$1 63 39-1C0
59 34-100
65 13-100
103 26-100
253,8 1
4.497,965
•45
8-63
$459,414 05
664,778 57
7-50
17-69
8-67
$213 91
480 89
$205,36
1
52
369
13-52
1190
$0 12 18-100
723
17 »7-100
17 40
$266 98
8-89
$0 05 79-100
435,164
463,019
6-02
-7,855
52,362
52,387
•05
25
Average No. of Loaded Freight Cars in Train..
Average No. of Empty Freight Cars in Train..
Average No. Total Freight Cars in Train
17-23
5-48
22-71
14-83
5-41
20-24
Av. No. of Tons of Revenue Freight in Train...
Av. No of Tons of Company Freight in Train.
Average No. of Tons of All Freight In Train
Average Number of Tons of Revenue Freight
in each Loaded Car
Av. No. of Tons of all Fi'ght in each Loaded Car
Average Number of Passengers in Train
21506
21541
22-21
23727
15-11
230-55
12-48
13-77
34-04
14-52
15-54
40-44
2-40
16-18
•07
l-_'9
2-47
12-20
710
672
46-99
•18
38
291
14-05
11-39
15-83
204
177
640
..
.
September
TABLE
THE CHKONLCLE.
20, 1902.]
621
NO.6.-RECEIPT8 AND EXPENSE8-PER MILE OF ROAD, SHOWING AMOUNT, PER CENT OF GROSS RECEIPTS, AND
PER CENT OF OPERATION EXPENSES FOR THE YEAR9 ENDED JUNE
30, 1902
Amount.
Year ended
June
30lh.
Increase.
1902.
$384 17
Miscellaneous
$4,231 46 $3,847 29
1,298 25 1,284 77
484 38
663 12
Total
$6 014 09 $5,800 1?
$213 91
$930 95 $109 09
474 90
112 07
Passenger
De-
or De-
crease.
13 48
Per Cent
of Operation
Expenses.
Year Ended
Year Ended
704
1-05
21-6
222
80
11-5
3'69
100
100
11-72
17-3
161
2360
98
$183 74
262
133
2-5
671
613
100
100
257 10
2 63
12-85
1-76
37-5
Total
$4,037 79 $3,556 90
$4f0 89
1352
Net Receipts
TABLE
No. 7.— COMPARATIVE
66-S
258
145
559
38
2,001 22
149 83
$<84 2P
9-35
$26 59
4-3
4-9
$1,718 60 $1,958 99
12-27
$240 39
286
33-8
$257 70
STATEMENT OF TRAFFIC FOR THE YEARS ENDED JUNE
30, 1902
Increase.
.
Freight Reoeipts
Average Receipts per Ton
Average Receipts per Ton Per Mile.
Freight Receipts per Mile rt Road..
Freight Receipts per Train Mile
Number Carried One Mile
Av. No. of Miles Trav. by each Pass.
Average Fare of each Passenger
Average Reoeipts per Pass, per Mile.
Passenger Reoeipts per mile of Road.
Gross Receipts of PasseDger Trains.
Gross Rec's of Pas. Tr'ns per M.of R'd
*Mi)es Run by Passenger Trains
Rect's of Pass. Trains per Train Mile
476,fc44,147
174-42 miles
$4,634,798 39
$1 70
9721000c
$4,231 46
2,216,505
$2 09 12-1000
1.91«,141
57,353,516
29 SO miles
$1,422,005 02
74 13-1000
2 48-1000
$1,298 26
$1,664,749 42
$1,519 87
1,684,666
$0 98 82-1000
4*2
1901.
Inc.or
Dec.
1901.
2,732,742
Ton 6 of Freight Carried One Mile.
Average Distance Haul of One Ton..
AND
56-3
P.O.
Year ended June 30th.
1902
1901.
82
344
26
$1,040 04
586 97
2,2f>8 32
Taxes
30th.
1902.
999
Maintenance of Way and Structures
Maintenance of Equipment
Conducting Transportation
General Expenses
.152 46
June
30</».
1901.
1C02.
27'50
Operation Expexses:
1901.
Per Cent of
Gross Receipts.
June
crease.
1901.
Geoss Receipts:
Freight
Per 01. of
Increase
AND
11-40
279,607
2,453,135
489,184.635
199-41 miles
$4,064,697 69
$1 66
831-10000
$3,847 29
2,270,668
$1 79 01-1000
256
12-63
$570,100 70
$0 04
12,540,488
24*99 miles
1403
2 41
141-10000 16-97
999
239
$384 17
54,363
$0 30 11-1000 16-82
65,845
2,006,471
1,852,296
55,347,045
Decrease.
3-55
363
•02 miles
29-88 miles
85-lOCo
3-lOOc
$13 49
$78,035 05
$18 02
316,175
07
4-76
$64,636 19
$1,357,368 83
73 28-1000
2 45-1000
$1,284 77
$1,586,714 37
$1,501 85
1,368,491
$1 15 95100c
116
1-22
1-05
4-92
1-20
'
2310
14-77
17 13-lOOc
* Note.— This year, in order to conform to the methods adopted by the Interstate Commerce Commission and the Association of American
Railway Accounting Officers, the freight and passenger train mileage each includes the total miles run by mixed trains, with double heading
and light engine mileage excluded. Last year the latter class of mileage was included, and the mileage of mixed trains divided, 75% to freight
and 25% to passenger service.
& RR.— Sale —- The directors have
furnace property at Sheffield, Ala.,
and of the Russellville ore mines of the Sheffield Coal, Iron
& Steel Co. to the Blast Farnace Syndicate, whose $2,500,000
of common stock is reported to have been subscribed by William Edenborn of New York, I. L. Ellwood of Chicago,
Thomas D Jan of Philadelphia, Charles Allis and William
J. Chalmers cf the Allis Chalmers Co. of Chicago,and others.
The "Iron Age" says:
The "Blast Furnaoe Syndicate," which will probably be known as
the Sheffield Coal <te Iron Co., has grown ont of the United States Iron
Oo. (see V.69, p. 1017). Some time since Mr. Gates parted with his interests to Mr. Edenborn. The property includes mines at West Point,
the Smith mines near Lawrencebnrg, Tenn., and mires in the BussellTille dlstrlot. The United 8tates Iron Oo. developed the mines, put up
three WBPhers to handle the brown hematite and shipped ore largely
to the furnaoes at Sheffield, Ala. The Blast Farnace Hyndicate ha)
also purchased from General Ayres of Big Stone Gap. Va the propTennessee Coal, Iron
ratified the sale of the
,
erty of the StODe
Gap
Colliery Oo.. located in the Stonega district.
This comprises over t'.COO aeres of coal lands aad also the Wise Terminal Co. line of road abont « inileB long from Norton, Va . to the
mines near
se Court House. There will be built at onoe 300 coke
ovens to supply the Sheffield plant with fuel from these mines.— V.
136.
75, p.
W
Union Stock Tarda Co. of South Omaha.— See Chicago
Junction Rys. & Union Stock Yards Co. above.— V. 70, p. 87.
United Fruit Co.— New Arrangement The preliminary
—
arrangement, recently noted, with the Elders & Fyffes Co.,
Limited, which is operating in England, Central America,
Jamaica and the Canary Islands, has been superseded by the
purchase for $250,000 of about one-half of the £150,000 capital stock of that company, thus securing for the United Fruit
Co. a large interest in the foreign fruit business.
Extra Dividend.— At the meeting of the directors of
the company held on Tuesday statements were submitted
showing the earnings for the twelve months ended Aug. 31,
1902, to be in excess of $2,000,000 and the cash in the treas
ury a3 about $800,000. It was therefore voted to declare the
regular quarterly dividend of 1}£ p. c. and an extra dividend
of 1 p. c, payable Oct. 13 to stock of record Sept. 30.— V. 75,
p. 652, 398.
United *tates Iron Co.— Purchase.— See Tennessee Coal,
& RR. Co. above.— V. 69, p. 1017.
United States Steel Corporation.— Favorable Decision.—
The Court of Errors and Appeals at Trenton, N. J., yesterday, by a vote of 8 to 3, decided in favor of the company the
suit brought by Mrs. Berger to restrain the conversion of
Iron
$200,000,000 7 per oent preferred stock into 5 per cent second
The court simply announced its decision;
thejopinion will be filed later (compare V. 74, p. 1359, 1313,
The Hodge- Curtis suit (V. 75, p. 565, 458, 81), involv\25^).
ing other points of the bond plan, is still pending, but the
present decision, given by New Jersey's highest court, is
considered of especial importance.—V. 75, p. 565, 458.
mortgage bonds.
Valley Iron Co., Birmingham, Ala.— New Company.—
This company, which succeeds to the charter granted by
the Legislature of Alabama in 1902 to the Ensley Pipe & Steel
Co,, has $1,000,000 of authorized capital stock, in $100
shares, of which $500,000 is fully subscribed; an additional
§250 000 was authorized to be sold at a recent meeting of the
board of directors. The company has no preferred stc ck nor
has it any bonds. The following is officially confirmed:
The oompany's property consists of 13,700 acres of coal and iron
lands in De Ka'b County, Ala., and Dade County, Ga near Sulphur
Springs, Ala. Two veins of coking coal will be developed and 300
beehive coke ovens will be constructed. The oompany will build at
first one iron furnace, which is expected to be completed in eighteen
months, and will lay foundations for a second furnaoe to be erected
,
J. G. Battele, of Columbus, Ohio, is Presideni; Erskine
Ramsay, of Birmingham, Vice-President; J. F. Stiens, of Wheeling,
W. Va Secretary-Treasurer, and James Bowron, of Birmingham,
Chairman of Executive Committee; offices at 2024 First Avenue,
Birmingham.
Wells, Fargo & Co. (Express, Etc.).— New Directors. —At
the postponed annual meeting in San Francisco on Sept, 15,
three local directors were succeeded by New York men. The
new directors are F. D. Underwood, President of the Erie
RR.;W. T. Van Brunt, and William V. S. Thorne, The
board now embraces:
New York men: E. H. Harrlman, J. J. McCJok, H. E. Huntington,
W. V. S. Thorne, W. T. Van Brunt and F. D. Underwood.
California men: Dudley Evans, George E. Gray and Homer 8. King.
The Wells, Fargo
Co. express operates over the lines of
the Southern Pacifi j Co.
Mr. Harriman is a leading director
in the Union Pacific RR. which controls the Southern Pacific.
The express business on the Union Pacific is done by
the Pacific Express Co., two fifths of whose $6,000,000 stock
the railroad company owns. It is thought by some that a
consolidation of the Pacific Express Co. and the Wells, Fargo
& Co. is proposed, and that it may perhaps be followed by
closer relations with the other express companies. V. 74, p.
later on.
,
&
,
—
101.
—A lot of National Starch first
Lisman, Lorge
& Co.,
cent. Details will
25
be found
mortgage 6s are offered by
Street, to net over 5}^ per
in their advertisement on page vii.
Broad
..
THE CHRONICLE.
622
LXXV.
[Vol.
COTTON.
Friday Nioht, September
19, 1902.
The Movement of the Crop, as Indicated by our telegrams
COMMERCIAL EPITOME.
from the South to-night, Is given below, For the week ending
this evening tho total receipts have reached 211,164 bales,
Friday Night, Sept. 19, 1902.
against 154,685 bales last week and 108,769 bales the previous
The position of the money market has been something of a week, making the total receipts sinoe the 1st of Sept.. 1902,
factor in the commercial markets, active business operations 455,806 bales, against 221,788 bales for the same period of
being held temporarily in check in some lines by the high 1901, showing an increase since Seit. 1, 1902, of 234,018 bales.
rates for money. First hand buyers as a rule have their curM§e*ipt$ at—
Mon. Iue$.
Mai.
Wed. Ihurt.
Total.
Fri.
rent requirements fairly well protected, and have been dis14,295 8,897 18,462 11,109 14,405 12,804 79,972
posed to wait for a more favorable money market before
Bab. Pasa, &c
374
374
continuing their operations on an extensive scale. The New Orleans... 2,232 9,071 6,738 6,332 5,280 6,089 35,742
222
332
750 1,077
354
727
3,462
movement of merchandise into the hands of the consuming Mobile
Pensaoola, Ac
3,370
3,370
trade has continued on a liberal scale, and is being reflected
Climatic conditions in many
sections of the country have been favorable for an early
opening of the retail trade in fall goods. In speculative cir
cles the feature has been an active and higher market for
in the railroad traffic returns.
cotton.
Lard on the spot has been
under quoted
Western
and lOcglO'lOc. for prime City. Refined lard has been easier,
fair sales being reported made privately at lower prices.
The
close
close
was
was quiet
steadier at 10 80c. for prime
at lie. for refined for the
The
close
was
1000
1097 *
8-60
8'67i«
1
10-87i«
8-50
10-75
Fti.
1060
8'55
10-62i«
847ifl
8-47^
Pork has been quiet and easier, closing at $18@19 for mess,
$20 50@21 for family and $20@21 50 for short clear. Cut
meats have been in fair demand and firmer for pickled bellies
closing at 12^@13c. for pickled bellies, 14@10 lbs, average;
pickled shoulders were quoted at 9c. and pickled hams at
\\]4@\\%c. Beef haB been quiet at $13 5f @14 50 for mess,
$15@15 50 for packet, $15 50@16 50 for family and $25@26 for
extra India mess in tcs. Tallow has been dull at 5/^c. Stearines have been quiet, closing at 12J^c. for lard stearine and
133>^c. for oleo steaiine.
Cotton-seed oil has been easier,
403^@41c for prime yellow. Butter was in small
supply and higher early in the week, but later the offerings
increased and the close was at 16J^@22^c. for creamery.
Cheese has been in fair demand and firm at 9@10%c. for
State factory, full cream. Fresh eggs have been in fair supply and steady, closing at 23c. for choice Western.
Brazil grades of coffee have been dull but steady. The
closing at
trade
demand has continued
to drag, but with spot supplies
becoming concentrated and no pressure from Brazil to sell,
prices have been fairly well maintained. The close was dull
at 5 7-16c. for Rio No. 7. West India growths have been in
limited supply and firm at 9c. for good Cucuta. East India
growths bave been in moderate jobbing demand at steady
prices.
Speculation in the market for contracts has been
quiet, and changes in prices have been unimportant.
The
close was quiet and easier. Following are the closing asked
prices:
Sept..
Oct
Nov
5-200.
5-20o.
5-30o.
Deo
Jan....
Feb
Ft.
7,973
7,458
1,858
3,663
981
895
1,671
Wilmington....
2,714
4,496
3,761
3,076
2,339
824
661
515
1,377
1,975
Waab'ton.Ao
14
14
3,549
18
1,366
19,935
297
297
250
5
423
200
5-35o.
Maroh
5*60o.
5-600.
5-900.
.„ 5-45e. May
5-50o.
July
Raw sugars have been in fair demand and firmer, closing
at 3^c for centrifugals, 96-deg. test, and 3c. for muscovado,
89-deg. test. Refined sngar has advanced to 4-70c. for granulated. Pepper has been less active. Teas have been fairly
active and firm.
Kentucky tobacco has been in steady demand at unchanged
and firm prices. Seed leaf tobacco has been less active, but
prices have held firm. Sales for the week have been 1,250
cases, including 1901 Connecticut broad leaf wrappers at 35c;
1901 do. Havana seed fillers, 30c, and 1901 do. medium
and light wrappers at 45@50c Foreign grades of tobacco
have been quiet.
Offerings of Straits tin have continued fairly free and with
a slow demand prices have declined to 20-8O@26'4Oc', closing
quiet. Ingot copper has declined, with a moderate business
transacted at the lower prices, closing at \\.'§5@\\'7bc, for
Lake. Lead has been unchanged and steady at 4 13^o.
Spelter has not changed from 5'50c Pig iron has been quiet
but steady, with No. 1 quoted nominally at $ 23@25.
Refined petroleum has been unchanged, closing steady at
7 '20c in bbls., 8 "50c in cases and 4"65c in bulk. Naphtha
has been unchanged at 905c Credit balances have been
quiet at $1 22. Spirits turpentine has advanced and the close
was firm at 49@49^c.
Rosins have been flat for the low
grades, closing at $1 55 for common and good strained. Hops
have been unchanged and firm. Wool has had a moderate
sale at firm prices,
,
5
1,
423
100
50
50
week 29,225 35 208 89,740 32,139 33,532 41,320 211,164
The following shows the week's
Sept.
18
6.718
260
Beaton. „
Baltimore
PbUadel'a, Ac.
Tot.tbls
46,683
1,214
12,487
7,456
1,214
3,519
Boyal.Ao
1902,
1901.
Sine* Sep.
1, 1902.
Thi$
week.
Galveston... 79,972
Sab. P., Ac.
374
Tew Orleans
35,742
Mobile
3,462
P'sacola.Ac.
3,370
Savannab... 46.683
Br/wlok.&e
1,214
Charleston.
12,487
P.Royai •;.
14
Wilmington. 19,935
18
Waab'n, Ao.
Torfolk.....
6,718
297
N'portN.,Ac
New
York...
Boston..
250
Baltimore .
Phlladel.Ac
423
200
43,729
1,085
69,689
7,699
3,370
111,667
2,999
26,735
279
Stock
Mince Sep.
1, 1901.
96,116
789
50,647
28,834
.
1902.
1901.
97,243
81,706
mmmmm
.-
»-»
69,115
6,445
48,016
8,244
36,827
2,815
6,742
56,049
2,899
15,954
22,253
1.598
6,119
4,780
6,038
16,143
7,187
2,592
10,230
4,648
5,555
1L3
349
322
87
46
56
3,147
778
190
719
33,428
2.000
2,407
3,005
455,806 111,825
221,788
309,336
14
43,964
37
14,470
1,853
250
43
551
740
211,164
This
week.
170,640
5
...
Totals
total receipts, the total since
last year.
and the stocks to-night, compared with
1902.
Receipts to
Sept. 19.
steady.
OAILT CLOSING PBIOES OF LAKD TUTUBEE.
Sat.
Mon.
Tuet.
Thurs.
Wed.
September
January
Onarleaton....
Continent.
Speculation in lard for future delivery has been fairly active,
but at a decline in prices, with packers and speculative holders free sellers.
8,528
Chicago packers, it is N'p*t Newa, Ac
market and have made New York
fairly large sales to exporters at considerably
The
8,188
easier.
reported, have been forcing the
prices.
7,080
Brnnsw'k.Ae.
2,511
1,907
21,463
1,187
3,919
4,647
1,954
.....
-..•••
5
88,177
2,300
470
1.915
272,575
In order that comparison may oe made with other years,
we give below the totals at leading ports for six seasons.
Receipts
at—
Oalvee'n.Ao.
1902.
1901.
S0.346
35,742
3,462
46,683
12,501
19,953
6,718
44,00?
28,834
1899.
1900.
1898.
18B7.
71,943
53.434
7,240
33,248
10,719
15,583
5,435
76,261
45.696
10,066
45,892
23,371
21,741
17,033
236
3,621
Ac
297
2,592
118
491
47,986
2,876
60,711
12,003
21,181
14,838
86
793
207
others...
5,462
3.6C5
3,251
4,854
2,456
ffot.tblawk.
211,164 £ll,82f
153,423
204,193
200,165
Since Sept.
455,806 221,78£
2E 0,657
487.986
379.179
New Orleans
Mobile
Savannab...
Obaa'ton,
Ao
Wllm'ton.Ao
Norfolk
N.
News,
a.11
l
2,511
21,463
3,919
4,78(
55,686
48,060
7,442
42,557
19,498
16,962
8,446
The exports for the week ending this evening reach a total
of 135,442 bales, of which 39,113 were to Great Britain, 19,888
to France and 76,441 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 1902.
Week Sndino
from—
Salreston....
3ab. Pass, *0.
Hew Orleans
Sept. 19, 1902.
Prom
Sept.
1,
1902. to Sept. 19. 1902
Exported to—
Exported to—
Sxpcrtl
Oonu
9rt*t
0r»«Cent*.
Frantt
BrU'n.
neat. Week. Brtfin
J«t.uf.
n«nt.
~9~599
11.738
16.601
87,838
84,216
17^438
6,103
5,086
6.760
17.688
14,107
6,035
8,870
3,370
8?,954
83.951
81.987
73,691
U
35,766
47,030
47,080
23.95:1
3?,088
26.MI6
55,977
4.799
16,6
Mobile
Pensaoola....
8,370
Sarannah
?,870
Brunswick...
••*•
Charleston...
Port Boral...
Wilmington.
Norfolk
N'port N.. &<:
New York.
14,212
14,212
500
600
4,679
20.689
1,500
26,806
4.799
1,500
1,695
8,484
1,700
1,700
78.441 135,442
87,917
25,e39
"l51,79C>
266.561
S4,n72
74.760
It 718
R.a.ORO
1U.619
500
18,94*2
8oston
3.799
Baltimore....
Philadelphia
1,500
3.115
3.799
1.260
415
9,135
600
:!,3d5
4anrran.,Aa.
Total
Total, ltoi...
89,113
19.888
16,238
450
51.660
4,301
6,801
445
8,989
.
1
September
1
I
THE CHKON1CLE.
20, 1903.
In addition to above exports, oar telegrams to-night also
give ns the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
Hew York, whioh are prepared for our speoial use by Messrs.
623
Futures.— Highest, lowest and closing prices at New York.
We
Lambert ft Barrows, Produce Exchange Building.
OR SHIPBOARD, HOT OLIiUD FOB—
19 at—
84pi.
Vew
Leaving
SarOther OoattBritain Fr'nee many. For'gn \oise.
Orleans.
Galveston
Savannah.
...
Charleston
Mvblle
...
(treat
9,619 2.657 3,369
39,634 14,131 15,033
4,550 5,100 10,200
"200
York....
Other porta
1,000
22,262
77,753
22.950
7,100
3,600
3,000
"ibo
46,8«3
19,490
33,099
8,854
6,245
1,648
32,828
16,454
600
10,000
7,6b0
3,000
57,503 21,888 35,652 23,136
11,504
30.659
676
1.000
200
""500
Wew
Total 1902..
5,931
7.905
3,100
6,100
Mock.
Total.
9,976 17,513 8,235
6.526
27, fOO
5,676 143,855
>
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows,
0. 1-14 on
Even
Good Middling Tinged
Middling Fair
080 on Striot Good Mid. Tlnged.o. 0-20 on
0-50 on Striot Middling Tinged.
Strict Good Middling
0-06 ofl
0- 12 ofl
0-32 on Middling Tinged
Good Middling
0-14 off Striot Low Mid. Tinged... 0-34 08
Strict Low Middling
0-38 off Middling Stained
Low Middling
050 ofl
0-72 off Striot Low Mid. Btained... 1-06 ofl
Striot Good Ordinary
1-00 ofl Low Middling Stained
Good Ordinary
150 ofl
On this basis the official prices for a few of the grades for
Ihe past week— Sept. 13 to Sept. 19—would be as follows.
Fair
UPLANDS.
Sat.
Good Ordinary..
794
800
8-00
8-50
8-56
8 62
8 7e
8 15 16 9
862
9
932
Low Middling...
7-88
8-60
788
Middling
8 78
Good Middling..
Middling Fair...
GULF.
Good Ordinary..
Low
Middling...
Middling
Middling Fair...
STAINED.
Low
Sat.
Hon
813
875
813
875
980
Tues Wotl
Frl.
8-25
8-87
825
8-87
9H
9^
1005
9-93
9-S3
9-99
957
951
Won Tnei Wed
7-38
8-38
7'44
8*44
8-54
854
860
894
9
Til.
8-87
*
945
8-00
8 62
9-82
9-80
825
9
Frl.
9 80
819
9^
838
Low
974
8 81
9^16
1
9-32
U-26
- 738
_,
Middling Tinged...
Good Middling Tinged
Btriot
y 20
9-68
Sat.
Middling..........
Middling
968
945
Good Middling..
Wed iTk,
EXon Tmet
9-57
957
10-05 10-05
Tin.
Fvi.
7-50
7-50
7-50
850
866
900
850
850
866
8-66
9-00
9-00
888 8-88
The quotations for middling upland at New York on
Sept. 19 for eaoh of the past 82 years have been as follows.
1802. ...0, 9
1894.... e. 6%
1888. ...0. 85 16 1878....o.ll 7 ia
8B ia
115 16
1877
1885
lOija
714
1884
1876
10%
ll&iG
103a
638
13 78
1899.
1883
1875
83s
103s
5Bg
1898.
lOifl
1874......16 1*
1882
12»fl
1873...... 18%
1807.
e 78
1881
ll'a
11H
863
1896.
1880
1872...... 19%
1888...... 10*
ll'a
12i«
20*8
1895.
1879
1871
1887...... 9%
Note.— OnOot. 1, 1874, grades of ootton as quoted were changed.
According to the new classification Middling was on that day quoted
S9C.
lower than Middling of the old classification.
1901
1900
8H
1893
1892
1891
1890
1889
MARKET AND
Spot Market
Oloskd.
Saturday ..Quiet
Monday.... Dull
Tuesday... Dull at
SALES,
FUTURES
Market
O&OBBD.
Quiet.
BA.LBS Off
I_
& COMTBAOT
Ex-
Oon-
Con-
port.
tump.
tract.
106
Steady
ljj adv.. steady
Wednesday Q't & st'y, he ad. Steady
Thursday.. Quiet and firm.. Steady
Friday
B'rly steady,
Dull
Total
SPOT
100
26
215
375
106
718
I
I
to to
05M
10
I
53,047
74,495
6,819
9.810
I
165,481
219,528
149,890
Speculation in cotton for future delivery has been active
and prices have advanced sharply. The Wall Street bull
clique has continued aggressive in its operation?, particularly
in January contracts. The short interest, especially for
foreign account, has shown considerable nervousness, and has
bought freely to cover contracts, which has been an Important factor in advancing prices. The Liverpool speculative
market also has responded more readily to bullish influences,
and this, too, has been a favorable development for the
market. Small crop estimates received from private sources
were made public early in the week and this helped to
strengthen the bullish sentiment existing among the majority
of the local trade. The crop movement has continued heavy.
The large receipts, however, have had practically no influence upon the speculative market, especially as the advices
received from the Southern spot market have shown prices
steadily hardening, following the advance for futures. Today, however, it was stated that prices in the speculative
market at New York had advanced to a point at which it
was possible to bring cotton forward from the South and deliver it on contract; in fact there was some selling of September and October during the day against cotton for delivery,
and tbey showed slight declines, whereas December, J ami.
ary and the more distant deliveries showed advances of a few
points on bull support. During the late trading there was
moderate selling to realize profits and prices reacted, closing
unchanged to 5 points lower for the day. Cotton on the spot
has been firmer, closing at 9c. for middling uplands.
The rates on and off middling, as established Nov. 20, 1901,
Total 1901..
Total 1900..
0000
I
I
i
a
I
I
1
1
I
I
II
a
1
I
I
a
0000
00
taW
©
II
1
I
I
1
1
1
I
I
I
a
I
I
1
I
1
I
a
I
I
I
1a
I
I
a
I
1
a
I
a
W05
000
Sin
0000
0000
CO
if*
a
0000
00
05 05
w
CO
'
1
I
I
a
a
a
00
0000
W05
I
00
to
II
1
I
a
I
WW
wcs
0000
0000
0000
0000
OOOO
0000
0000
COW
<cm
Oka
a
1
OOOO
wit*
cow
a
1
OOOO
l
I
n» eo
ww
wo
"2O6
200
226
400
300
215
775
S00
900
1,722
if*
a
00
05
1
1
a
1
W05
05 to
<3>C0
0000
wit*
toco
op 00
00 00
05 CO
1
a
0000
(SCO
1
WM
a
1
0000
0000
ww
ww ow
**m aco mo
ta
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1a
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0000
0000
di-j
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toe*
rf*
0000
05W
05 05
00 CO
a
00 00
0000
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GOO
1
0000
a
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0000
WW WW
ooco ©co
0000
00 00
-a 05
OOJ
1
a
I
fi-
9
1
00
a
•
It*
I
'
a
1a
uu
00
00
OS
'05
oco
M
o
•
1
ocoo
OOOO
00 00
05
•io
MtO
a
19
0000
ODQO
OOOO
OOOO
000
OCD
000
O5 05
COCO
MQ
odb
00
00
CO
00
CO
00
CO
co
1
ta
ta
a
a
OOOO
.
1
1
0000
Oi 05
It*
cow
00
00 00
00 00
05W C!CO WW
0000
00
00 00
•Joi
oab
aoo
WC5
.
a
<
0000
000c
05
1
a
0000
>a
1
w**
1
0000
00 00
a
a
too
00 03
05 05
00 00
00 00
WW
00
WW <IO
ww OO
tots
WW WW
00
1
a
OOOO
-ids
OOOO
a**
1
OC 00
00
OW
OOOO
i
I"
05
1
1
CO
05
w
a
1
if*
a
op
CO
00
05
o
2?«
OM ow
0:0
W
CO
O
The Visible supply op (Jotton
'
a
00s
ow
wos
<1W
00 00
CO
19
00
w
<
I
a
too
!
9
00
00
000
i
a
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:i
ooS
J?*
-5
00
000
.
'
1
00
w
o
a
CO
o
00
o
made up by
to-night, as
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently ail
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Sept. 19), we add the item of exports from the United States,
including in it the exports of Friday only.
1902
1901.
1900.
1899
ritook at Liverpool ...... bales. 305,000
267,000 162,000 762,000
Stock at London
17,000
Total Great Britain stock. 322,000
stock at Hamburg
........
21,000
Stook at Bremen
38,000
3took at Amsterdam....
Stock at Rotterdam
Stock at Antwerp ....... ..-„..
5,000
Stock at Havre
53,000
Stock at Marseilles...
3,000
Stook at Barcelona
53.000
dtock at Genoa
13,000
Stook at Trieste
7, 000
Total Continental stocks
193,000
Total European stocks.,
515,000
India ootton afloat for Europe
20,000
amer. ootton afloat for E'rope. 208,000
gypt.BraziI,&o.,aflt.for E rpe
17,000
Stock In Alexandria, Egypt...
17,000
275,000
18,000
53,000
13,000
175,000
19,000
23,000
2.0CC
764,000
33,006
114,000
2,000
200
200
200
8,000
4,000
2,000
3.000
61,000
44,000
128,000
3.000
3,000
5,000
45.000
46,000
79,000
6,000
6,000
22,000
12,000
4,000
17,000
201,200
149,200 403,200
476,200 323,200 1.167,200
18,000
45,000
14,000
132,000
104.000 243.000
18,000
13,000
13,000
37,000
34,000
35,000
Stoekin Bombay, India....... 285,000 284.000 227,000 354,000
Stock in Onlted States ports.. 309,336 272,575
224,385 565,040
Stock In U.S. Interior towns.. 142,603
169,330 133,852 338,502
United atates exports to-day. .
25.992
1.348
17,477
22,094
Total Visible supply
..1,539,836 1,408,453 1,121,914 2,751,836
Of the above, totals of American and other descriptions are as follow •:
American—
Liverpool stock
bales. 248,000
189,000 105,000 699,000
Continental stocks.... „
144,000 145.000
119,000 339,000
American afloat for Europe... 208.000 132,000 104,000 243,000
United States StOOk
309,336 272,575 224,385 565,040
United States interior stocks. 142,608 169,330 183,852 338,502
United States exports to-day..
25,992
17.477
32,094
1,348
Total American
1,077,936 909,253 703,714 2,206,636
Matt Indian, Bra*il, Ac—
Liverpool stock
„ 57,000 78,000 57,000 63,000
London stock....
17,000
8,000
13,000
2,000
Continental stocks
49,000
56,200
29,200
64,200
India afloat for Europe . ......
14,000
20.000
18,000
45,000
Bgypt, Brazil, Ac, afloat......
18.000
13,000
13,000
17.000
Stock in Alexandria, Egypt. . .
34,000
35,000
17,000
37,000
Stock in Bombay, India
285,000 284,000 227,000 354,000
..
Total East India, <bo
462,000 499,200 418.200 545,200
Total American............ 1,077,936 909,253 703.714 2,206,636
Total visible supply
1,539,936 1,408,453 1,121 ,914 2,751,836
6i3 16 d.
saddling Upland, Liverpool..
3«8d.
5>«d.
4"i a d.
Middling Upland, New York.
10*20.
8*30.
6«8e.
90.
7i3
6S,
Egypt GoodBrown, Liverpool
6 3i<L
79i«d.
l6 d.
6 d.
6igd.
Peruv. Rough Good, Liverpool
77 16 d.
7ii 8 d.
7d.
6l4d.
48 32 d.
Broach Fine, Liverpool
413 16 d.
S"i«d,
5i3
rinnevelly Good, LiverpooL..
45
4i3ied.
18 d.
lfl d.
37i a d.
have
been
bales.
week
33,000
ISP" Continental imports past
The above figures indicate an excess in 1903 of 131,483
bales as compared with same date of I9ul, a gain of 418,022
haiee over 1900 and a decline of 1,211,900 bales from it99.
,,
'
total.
ct
c*<o
WW 00
WW
**0
ow 00
OOOO
WW
00 w
05
OC
II
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00 CO
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tow
to to
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0000
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0100
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a
1
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I
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9
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9
... .
..
THE CHKONICLE.
624
At the Interior Towns the movement—that Is the receipt!
since September 1, the shipments for the
week and the stocks to-night, and the same items for the
sarresponding period of 1901— is set ont in detail below.
(or the
week and
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other prinoipal cotton markets for each day of the week.
CLOSING QUOTATIONS FOB MEDDLING COTTON
Week ending
Sept. 19
8M
8*4
Savannah..
Charleston
Wilmington.
8%
814
8iie
S 1©
83 ie
8 is
83a
83s
8*2
8*8
838
81,6
8I4
8>4
«38
8*8
8'8
8%
8%
8%
9*e
838
8B 18
838
9*8
838
9S 18
87,«
* 5 ie
8 5 i«
838
8H
7%
8H
8ifl
7%
83s
8*4
8iis
Norfolk
8*
Boston
Baltimore
8 7e
.
Philadelphia
Augusta
Memphis
8t.
WM
w©
|0
wMtOl-lw^
WM00 w *-«J>-i
IfkCOX
Cincinnati
oo -j cx"te^> ao loV ce^j
a m^o or £- lo 10 «3
W
©
0rC0M©WA-CCeCC»CO0DW-'O-. ©co<i"-ccMc»toc»asco-Jkaoootaco
co-M©xwiQotscoa.to»jft-^**'©»iwwco^xi^yiM«;aQO'Xts
pi
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ti
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tO
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c3BOc»oOM-JCD©MMcnwM<o©^jaMO>i^w©coc>co^iw<w»waj
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eo #- <1
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t0tCO5tOO5CMO5CC©t0l^©COMO5MMa)9WtO
Tkurt.
Fri.
8 7 16
8ifl
8ifl
8is
8ht
8^8
86ie
8H
8 5 16
84
8»8
8»*
85 16
6*16
83b
8«B
815i8
9
e B 16
e\
QL,
8H16
9
8*8
9J4
8 78
9»4
891^®^
83a
838
83a
6»i«*88
8>fl
83s
838
838
8>*
87 16
8^16
8»l6
8ia
7S4
734
8
6»16
& 7 16
B4
8>4
8^
B>8
1
*)
©«
I
I
sJ
En
Columbus, Qa.
•
5
CO
«•
M
8 J8
New Orleans
1
Shreveport
8H3
Option market.—The highest, lowest and
Montgomery...
8& 18
|
dosing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Sat' daySept. 13
co
a05M05*>©CO©-q'
8.3a
Wednes.
ON—
The dosing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens....
Columbus, Miss 7 7s
8
Nashville
8H
Atlanta...
£5 16
Eulaula
8>4
Natohez
8>i
Charlotte
Louisville
Raleigh
83s
S^
83a
_H
*>
M
m^j»
www_M»e»w MS
-„«
o> os o m m
co o»
bo <i
M
COM
8**
.
Uttle Rook
,
cOM*-osi^ooto>-'i-i^'^MMfo^.|otoao
Louis...
Houston
la
lues.
8*4
..
->ooco05«a»-'05©Oi"to*
olooioooi
w Viiow a *"£> oo cox toco
cow<k©MO©00coroco©wtooo<i©c;if-~'^i-'is3>aw<©a<lW«cO'
cco^ ©c. to©>-tni->ooc»i— «o»e-3M<iir»*-"Ji- oo«l*«.oow'i(-3;w©
Mon.
Batur.
Galveston.
New Orleans
Mobile
.
00
LXXV.
[Vol.
Monday, Tuesday, Wed'day, Thursd'y Friday,
Sept.
15. Sept.
16. Sept.
17. Sept.
18. Sept.
19.
ft-
Bept'bek—
8-14®17 8'18W20 8-25®?5 8-35®-39 8'3d®'39 8-37®-42
Range
Closing
8-16®18 8-18® 20 8-25®-29 3'38a>-40 8-37© 3S 8-33®-35
—
. .
tOM«J;
CO*
M^toeo
00
to
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~*H3U>.-© M~40> wwto© # *» ti ft GO O K *> a tt HC^«-JCC
Octobkr—
>-"*
Range
Closing
•
H
©MM
tS CO IK CO
HUH
ootocoo
00*00
00
MtOMyi
January—
M»
Range
©<»
Closing
. .
Mabch—
Closing...
to
1
cntOOSM «» MO' tOtae* I^MCO-)! MCJW' O5CX0D
MXto05CpoooM»; osOtooooc^ace: aos*! ccu>eo
©*»©<ic>3-Jmm*>.. co oo co <y< *. <j ^ © wo»a>. towoo
to
to
CO
oo:
MWW<
Tone—
If
8pots
Options.
8-06®-12 8'03«>-l3 81S®-29 828®35 8-269-37 8 2S®-33
8-10®12 812»'13 8-19®20 8343-35 i 31& 3i 8-23®-29
8
. .
Range
OM
-^.OiB.05
.
Dec'beb—
Range
Closing
C70DM
fttOCO'
a MtotoM
*>©tOO> CCMtOC7lttft'Ofti^M©C»C35M«JtSCO©: ©©©CC^ft<*
Mi^*.«co»)wtOMOjeooo500MeOMOM»ocnMi»k; o> oo * * ft ^ o
Mfttot.M^.^cctcorjcc5c*.<i«aft<i©tofticcA5©, •ge.coeo-vi*
.
10® 16 8'129'19 8'22«35 ^•3J*42 3•33®•4^ 8-35®-46
814'3)-16 8-16®'17 8-259-26 8'41®'*2 4-39® 40 8-35®-36
812®- 8 814®-20 8-24®-38 8-33®-44 8 35® 47 8-38®-49
8-16®17 8 18*19 J*27®-28 8-43®-44 8-42®-43 8'38®-89
8*15a-21 8*l5»-23 !-26® 33 8-38®-4f- <40»-51 843®-54
8-47®-48 S 43944
8-l9»20 l-22a-23 831® 32
Firm.
.
Quiet.
Steady.
Steady.
Steady.
Steady.
Firm.
Steady.
Weather Reports by Telegraph.— Oar
MMfttOlfkiU
ocm"<d<i io*to©: ttiaexaotDoxXKO' >t»eooocooocooDMOo~>ojto
*»5CJ<t0Xt0ft*.pe.-]: *» -J C» © 00 O <3> 10
OS <£ CO CD
rf^ * CO C5 C*
from the South
Firm.
Steady.
Steady.
Steady.
telegraphic ad-
evening indicate that while rain
W M
o jOtftjg «< ©m CO m ft- PC ft CO -J M 05 * M tOOCPOOMO-40^0'05 o
has been quite general during the week, the precipitation has
The aoove totals show that the interior stocks have in been light or moderate as a rule. Pioking has made exceltrtaeed during the week 84,927 bales, and are to-night 26,732 lent progress,
and the marketing of cotton has been quite
bales less than same period last year. The receipts at all the
free.
The
temperature
was rather low during the early part
towns have been 65,041 bales more than same week last year,
of the week, with light frosts reported at a few points.
Overland Movement fob the Week and Sinoe Sept. 1.—
Galveston, Texas.— We have had rain on one day daring the
We give below a statement showing the overland movement week
to the extent of ninety-five hundredths of an inch. Avfor the week and since Sept. 1, as made up from telegraphic
erage
thermometer 73, highest 85, lowest 61.
Friday
reports
night.
The results for the week ending
Abilene, Texas.— There has been a trace of rain on one day
Sept. 19 and since Sept, 1 in the last two years are as follows.
during the week. The thermometer has averaged 73, the
highest being 96 and the lowest 50.
1902.
1901.
Brenham, Texas. We have had rain on two days during
September 19.
Since
Since
the week, the rainfall reaching forty five hundredths of an
tree*..
Week. Sept. 1.
Sept. 1
inch, and il is raining now. The thermometer has averaged
Skipped—
72, ranging from 50 to 94.
Vl»3t.Loui8._^.
»
3,777
2,886
7,137
8,439
Corpus Christi, Texas.— We have had rain on one day durVia Cairo
938
780
<M«_ —~...
945
1,728 ing the week,
to the extent of two hundredths of an inch.
Via Faduoah
""8*5
Via Rook IsUnd
"Too
85
100 The thermometer has ranged from 62 to 90, avei aging 76.
„.
698
502
561
1,274
Cuero, Texas. There has been rain on two days daring the
142
151
226
Via Cincinnati
268 week, the rainfall being twenty- five hundredths of an inch.
1,349
1,803
6.831
3,619
Average thermometer 78, highest 97, lowest 58.
Dallas, Texas.— Rain has fallen on three days of the week,
Total groB» overland
7.370
15,428
5,694
15,785
Deduct tkipmentt—
the precipitation reaching fifty-one hundredths of an incb.
511
878
4,834
Overland to K. V., Boston, Ao
1,584
37
22
87
112 The thermometer has averaged 67, the highest being 91 and
Between Interior towns
„
vices
to Jr
this
1
-~I
—
.
—
_
_.
Total to he deducted
Leaving total net overland.
1,388
3,148
1,111
2,591
2,288
4,769
1,709
7.537
8,406
11,016
5,661
7,891
The foregoing shows that the week's net u variant! movemeiit
this year has been 8,406 bales, against 5,661 bales for the
week in 1901, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 3,125 bales.
1902
in Might and Hpinnerr'
Taktnpt.
Week.
to
1897-8ept24
Since
Sept
1.
254,570
34,927
579,822 150.488
79,530 27,535
324,679
40,025
North'n spinners tak'gs to Sept. 1
1900- Sept 21
1899— Sept 22
1898- Sept 23
Week.
221.788
Oame Into sight daring week. 289,497
Total In sight Sept. 19
Movement
1.
455,806 111,826
5.661
11,016
113.000 33,000
nterior stocks In excess..........
Week—
Since
Sept.
211,164
3,406
Sept. 19 40,000
Receipts at poit j to Sept. 19
Southern consumption
1901.
18,688
7,891
95.000
178,021
364,704
659,352
54,459
19.014
47,724
into sight in previous years.
1—
Balet.
Since Sept.
245,201
293,006
285,660
315,269
1900— Sept. 21
1899— Sept 22
1898— Sept 23
1897-Sept24
Balet.
477,325
699.698
660,fi67
..
755,054
the lowest 43.
Henrietta, Texas, —There has been rain on one day of the
week to the extent of seven hundredths of an inch. The
thermometer has averaged 66, ranging from 45 to 86.
Huntsville, Texas,
We have had heavy rain on one day of
the week. The rainfall reached one inch and seveaty hundredths. The thermometer has ranged from 48 to 93, averaging 71.
Kerrville, Texas.
have had heavy rain on ore day of
the week, the rainfall reaching one inch and sixty-two hundredths. Average thermometer 71, highest 93, lowest 48.
Lampasas, Texas.—
have had rain on two days during
the week, the rainfall being thirteen hundredths of an inch.
The thermometer has averaged 72, the highest being 9 J and
the lowest 45.
Liongview, Texas.
have had rain on one day of the
week, the rainfall being two hundredths of an inch. The
thermometer has averaged 68, ranging from 47 to 86.
Luling, Texas.—There has been rain on one day during the
week, to the extent of ninety hundredths of an inch. The
thermometer has ranged from 53 to 96, averaging 75.
Palestine, Texas.—
had rain on two days during the
week, the raicfall being eighty-three hundredths of an inch.
Average thermometer 69, highest 90, lowest 48.
Paris, Texas,— Rain has fallen on two days of the week,
the precipitation reaching one inch and forty hundredths.
The thermometer has averaged 69, the highest being 95 and
the lowest 42.
—
— We
We
—We
We
September
THE CHRONICLE.
20, 1902.]
San Antonio, Texas.— It has rained on two days of the
week, the rainfall reaching forty six hundredths of an inch.
The thermometer baa averaged 74, ranging from 56 to 92.
Weatherford, Texas. We have had no rain dnriDg the
—
week.
New Orleans, Louisiana.— We have had rain on one day
dnriog the week, to the extent of fourteen hundredths of an
Receipts at—
—
highest 88, lowest 48.
Meridian, Mississippi. Ideal weather for cotton has prevailed for some time past. A good top crop is maturing.
Helena, Arkansas.— Cotton is claimed to be deteriorating.
The top crop is said to be small and not maturing well.
Picking is progressing rapidly, and some have nearly finished. There has been rain on two days during the week,
the preoipitation reaching one inch and thirty-nine hundredth?. The thermometer has ranged from 45 to 85, averaging 65-3.
Memphis, Tennessee.— Picking and marketing are making
have had rain on two days of the week,
good progress,
the rainfall reaching one inch and forty-six hundredths.
Average thermometer 646, highest 85, lowest 45 8.
Nashville, Tennessee.— Crop prospects are less favorable,
There has been rain during the week, the precipitation
reaching twenty-nine hundredths of an inch. The thermometer has averaged 63, the highest heing 84 and the
lowest 41.
Average thermometer
60,
—
We
Mobile, Alabama.— The weather was unusually cool during
the early part of the week, with light frosts at a few points
in the interior.
There has been rain on two days of the week;
the rainfall was eighty seven hundredths of an inch. The
thermometer has has averaged 72, ranging from 52 to 85.
Montgomery, Alabama.— Cotton is being rushed to market.
have had
Picking is nearly completed at some points.
no rain during the week. The thermometer has ranged
from 48 to 88, averaging 71.
Selma, Alabama. -Picking is making good progres?. Cotton continues to show seme improvement and with late frost
have bad no rain durthe top crop vvill be anaverage one.
Bombay.
ing the week.
44.
Average thermometer
72,
highest 87, lowest
—
Madison, Florida. We have had heavy rain on three days
during the week, the rainfall being one inch and sixty-five
hundredths. The thermometer has averaged 77, the highest
being 86 and the lowest 66.
Savannah, Georgia.— We have had rain on three days of
the week, the rainfall being twenty-eight hundredths of an
inch. The thermometer has averaged 73, ranging from 62
9,000
1900.
Since
Week.
Sept. 1.
2,000
17,000
3,000
For the Week.
Since
Week.
Sept. 1.
Sept. 1.
3,000
5,000
Since September
1.
Mtsports
Br eat
Oontintnt.
Britain.
••
Total.
2,000
2,000
7,000
2,000
2,000
7,000
1,000
1,000
Breat
Britain.
ConlsHtnt.
3,000
fota:
2,000
3,000
15,000
2.0C0
3,000
18,000
3,000
1,000
3,000
1,000
••..
...-a*
......
••-•
....
1,000
1,000
1,000
1,000
1.000
2.000
3,000
1,000
2,000
3,000
7.0C0
9,000
8,000
7,000
9,000
8,010
4,000
5,000
10,000
4,000
5,000
10,000
12,000
14.000
23,000
12,000
14,000
26,000
......
1901
1900
total all—
1902
1901
1900
......
3,000
Alexandria Receipts and Shipments op Cotton
Alexandria, Egypt,
1902
Sept. 17.
Receipts (oantars*) This week
1901
Since
Sept. 1.
20,000
36,000
Since
This
week.
—
1900.
35.000
62,000
45,000
81,000
Tkxs
week.
Sept. 1.
This
week.
Sine*
Sept.l.
Exports (bales)—
To Liverpool........
3,000
3,000
10,000
2,000
4,000
5.000
17,000
3,000
2,000
6,000
10,000
3,000
13,000
6.0OO
22,000
5,000
16,000
A oantar Is 98 pounds,
t Of which to America in 1902, 1,510 bales;
In 1900, 1,328 bales.
in 1901, 1,414 bales
Manchester Mabket.— Our report received by cable
from Manchester states that the market is firm
for both yarns and shirtings.
The demand for both home
to-night
We
trade and foreign markets is improving.
give the prices
for to-day below and leave those tor previous weeks of this
and last year for comparison.
1902
We
We
Sine*
Week
from—
Average thermometer 73.
rain
on
been
two
days
Shreveport. Louisiana. — Tbere has
of the week, to the extent of ninety-five hundredths of an Bombay—
1902
inch. The thermometer has averaged 69, the highest being
1901
87 and the lowest 50.
1900
Columbus, Mississippi.— We have had ram on one day of O»loutta—
1902
the past week, to the extent of thirty- five hundredths of an
ipoi
inch. The thermometer has averaged 60, ranging from 45
1900
Had>»s—
to 75.
1902
Leland, Mississippi.— We have had rain during the week
ieoi
The
to the extent of one inch and thirty- one hundredths.
1900
65-6.
averaging
the thermometer has ranged from 42 to 86,
All others—
1902
Greenville, Mississippi.— Weather cool; rather unfavorVicksburg, Mississippi. Too much rain; unfavorable for
picking. There has been rain on three days during the week,
the rainfall being one ioch and twenty-one hundredths.
1901.
1902.
iach.
able.
625
32s Oop.
Twist.
d.
d.
1901.
8>4 lbs. Skirt- OoWn
ings, common Mid.
to finest.
Uplds
s.
07% 5
Ag.15 7
" 22 7ii« «778 5
" 29 73 16 «8
5
Sept. 5 7 1* ©8»8 fc
d.
s.
0m»7
1 ©7
\H91
d.
7
8H
lbs. Shirt-
82» Oop. ings,
Twist.
d.
d.
4 27 32 6h
4 OT SH t>16 16 «7 78
d.
»7%
Uplds
to finest.
s.
5
d.
Ootl'n
common Mid.
s.
d.
lifl07 101*
d.
4 15 S8
«8 1
418
5I32 7iia ®8
8
5 4 «8 2
5 3 sg
2i«t»7 9
427 S8
5li« 7i 16 «8
5 4 «8 2
" 12 7ifl »8
415 le 7ie as^s 5 4 «8 3
419 S2
5 2 »7 8
" 19 714 ®83 le 5 3 f»7 9
5>8 7*8 *8*S 5 3 «8 2
4»M
Government Weekly Cotton Report.—Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made publio on Tuesday the following telegraphic
reports on the crops in the Southern States for the week ending Sept. 15, summarizing them as follows
7*3
5
3
:
to 84.
Augusta, Georgia— We have had rain on one day of the
week. The rainfall reached one hundredth of an inch.
The
thermometer has ranged from 53 to 88, averaging 70.
Charleston, South Carolina. We have had rain on four
days during the week, the rainfall being twenty-one hundredths of an inch. Average thermometer 72, highest 86,
lowest 64.
Stateburg, South Carolina.— Dry weather has prevailed all
the week. Conditions have been very favorable for picking
cotton, of which considerable quantities remain in fields,
having opened much faster than it could be gathered. Low
temperature retards the growth of the tcp crop, which is
showing here and there. The thermometer has averaged 69,
the highest being 82 and the lowest 54.
Greenwood, South Carolina.— We have had no rain the
past week. The thermometer has averaged 65, ranging from
—
51 to 79.
—
Charlotte, North Carolina. Cool weather retards the
?rowth of cotton. There has been rain on one day during
he week, to the extent of two hundredths of an inch. The
thermometer has ranged from 48 to 78, averaging 63.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 o'clock Sept. 18, 1902,
and Sept.
19, 1901.
Sept. 18, '02. Si pt .19, '01
Hew Orleans. .„ .......Above sero of gauge.
Memphis
sTashvllle
Bhreveport
Vloksbnrg
...Above zero of gange.
Above zero of gange.
........Above zero of gauge.
Above zero of gange.
Feet.
54
65
10
40
143
Feet.
53
45
158
27
76
India Cotton Movement pbom all Poets,— The receipts
of cotton at Bombay and the shipments from all India pork
for the week ending Sept, 18, and for the season from Sept, 1
to Sept. 18 for three years have been as follows:
The very cool weaiher has checked the opening of cotton in the
central and western portions of the ootton region. Picking has, however, advanced rapidly generally throughout the bell, andasarnle
under favorable conditions, although pickers have been inadequate in
some States. Over the southern portion of the cotton belt the bulk of
the crop has been gathered, and In some sections many fields are already abandoned. Rains have caused damage to open cotton in portions of Arkansas, Louisiana, Georgia, Florida and South Carolina.
Freight Charges Changed on Shipments to Mills and
for Export through New York.— The Trade Committee
of the New York Cotton Exchange posted the following bulletin on Monday, Sept. 15:
To the Members of the Oollon Exchange:
Domestic Substitution.— Cotton can be shipped from cotton-produolng centres to cotton-consuming points and stopped at New York
for substitution. In substituting cotton the shipper will pay the rate
from the point of origin to the city of New York, and when he desires
to substitute the oott«n on a mill point shipment he will pay the difference between the New York rate and the rate to the mill point.
F. r an Illustration, we will tahe the rate from Augusta, Ga., to New
York at fto oents per 100 pounds, and say that a shipment of 100 bales
moved with notation In blll-laalng for substitution a New York, and
that this particular shipment some time after would be removed to a
Boston rate point.
Tbe shlppper would go to the line delivering the cotton here and pay
to It the difference between the New York and Boston rate, which is 5
cents per loo pounds,
his also applies to rates to all points In New
York 8tate, and In faot to all ootton-oonsumiug points shown in cotton arbitrary tariff No. 7 posted on the board.
Expokt 8CB8TITDTION.— On all cotton shipped for export the shipper
will pay the flat New Yoik rate, and wben the shipment is moved he
will pay the agreeed through rate to ileal destination. This rate is
agreed upon dally by the railroad companies. The method of obtaint
ing this rate by the railroads Is as follows
They obtain the rates from all Atlantic ports to all foreign ports, and
the lowest combination of the Inland and ocean rate Is the agreed rate
for the day.
Routing of Cotton.— Throughout the Southern States the railroads
have always Insisted on the right to route ootton. and this committee
is pleased to Inform the members shipping from the South that the
railroads have agreed to allow the shipper to route his cotton by such
lines as he desires, thus giving him the benefit of substitution at New
York. The information in these circulars applies only on ootton grown
in States east of the Mississippi and south of the Ohio.
:
:
.
THE OEKOJVICLE.
626
East India Cotton Crop.—The first forecast of the cotton
crop of the Punjab for 1902 wa9 issued at Lahore, Aug. 13,
being in part as follows
The total area under ootton estimated up to the end of July last is
:
reported to be 965,900 acres, against 1,021,100 acres In the final foreoast of last year. The difference Is not of much aooouut as while the
former entry is only a rough estimate, the latter is the total of the
village crop returns prepared after a fleld-to-fleld inspection. There
was very little rain for the early cotton sowings in the months
of March to May, but the rainfall in June and July was fair, and
advantage of it was taken to extend the late sowings in the Delhi
Division, where late sowing is the rule. On the whole this year's orop
appears to be an average one in extent. Its condition up to this time
is
satisfactory.
Shipping jnews.— As shown on a previous page, the
•sports of ootton from the United States the past week have
reaohed 135,443 Dales. The shipments In detail, as made up
from mail and telegraphic returns, are as follows
Total bales.
New York—To
Liverpool, per steamers Cevic, 9,207 upland
and 175 Sea Island
To Hull, per steamer Hindoo, 725
To Manchester, per steamer Titian, 2,485 upland and 400
Sea Island
To Havre, per steamers u& Bretasrne, 1,063... La Lorraine,
Nloomedia, 570
25. ...Merionethshire. 1,385
To Marseilles, per steamer Massilla, 72
To Barcelona, per steamer Massilla, 498
To Genoa, per steamers AUer. 650...Citta
Lombardia. 295
Hesperia, 1,019
To Naples, per steamers Aller, 300
Massilla,
New
725
2,885
6.103
5,035
800
5,950
Lar-
9,599
11,738
9,604
Phoeni2,880
4,017
3,370
To Antwerp— Sept. 15— Steamer Hornby Oastle. 4,017
PEN8ACOLA—To Liverpool— Sept. 18— Steamer Ida, 3,370
Savannah—To Bremen— Sept. 12— Steamer Arsryli. 7,750...
Sept. 15— Steamer Obi, 6,591. ...Sept. 18-Steamer St.
22,925
2u0
400
800
To Rotterdam—Seat. 18 -Steamer 8c. Qaentin, 20 J
To Antwerp -Sept. 12—Steamer Argyll, 400
To St. Petersburg -Sept. 16— Steamer Obi. 8O0
To Gothenburg -Sept. 16-Steamer Obi, 100
To Riga-Sept. 16—Steamer Obi, 100
To Barcelona— Sept. 13— Steamer Federloa. 7,229
To Genoa—Sept. 13 -Steamer Fod eric*. 2,100
To Trieste -Sept. 13 -Steamer Federloa, 100
Wilmington—To Bremen— Sept. 16—Steamer Sir Richard
100
100
7,229
2,100
100
8,650
5,562
Grenville, 8,65i)
To Ghent— Sept. 19
-Steamer Rosewood, 5,562
Newport News—To Liverpool— Sept. 15— 8tr. Kanawna, 500.
Liverpool—
Sept. 15— Steamer Ivemla, 2,199....
Boston -To
Sept. 16-8teamer Menon. 1.600
Baltimore— To Liverpool -Sept. 5— Str. Uistermore, 1,500
Philadelphia—To Liverpool -Sept. 12— Str. Belgenland, 1,250
To Hamburg -Sept. 11 -Steamer Assyria, 445
of the foregoing
shipments
»ur usual form, are as follows,
French Qer- -Utti.JB'rope Mextco,
many, North. 8outh. de. Japan.
New York.
12,992 3.115
800
N. Orleans 6,103 5,035
Oalveston, 9.599 11,733 12,484 4,017
Pensaoola.
22,925 i.'eoo
Savannah.
Wilmingt'n ...... ...... 8,650 5,562
4,579
5,950
9,429
..••
-•••••
>•>••
•*»
•>>
jy
1,500
1,250
Oj
i
415
Total. ... 39,113 19.888 45,304 11.179 19,958
Exports to Japan since Sept.
the Pacific Coast.
Cotton freights at
as follows.
Liverpool
)•
,
500
Baltimore.
415
.. 135,442
for the week
Brit'n. ports,
Phll'delp'a
500
3,799
1,500
1,250
—
-
Total.,
News
New York
..
1
the past week have beet
Satur.
Mon.
Tues.
15
15
15
..e.
500
0|/jy
1,500
1,695
135,442
700 bales from
....
have been
1
Total.
20,686
X/iOoo
37»o3o
o,o70
33,954
14,212
Wednes. Thurs.
15
15
Fri.
15
12%-16 12%-16 12%-16 12%-16 12%-16 12%-16
Manchester
c.
Havre
Bremen
c.
25
26
25
25
25
25
c.
22%
22%
22%
22%
22%
20
Hamburg
c.
20
24
18
28
30
36
20
24
Beval, indirect.. c.
Reval, via Oanal.c.
Barcelona, Oct. I.e.
20
24
18
28
30
36
Genoa
e.
27%
27%
27% 25-27% 25-27% 22-%25
Trieste
c.
35
Ghent
e.
Antwerp, asked .c.
Japan (via
Suez).e.
60*55
15920 15»20
15-2)20
24
13
28
SO
36
18
28
30
36
35
50O>55
Quotations are cents per 100
35
24
18
28
SO
36
35
35
24
18
28
30
36
35
45»50 45®50 45@50 45W50
lbs.
Liverpool.— By cable from Liverpool we have the following statement of th e week's cables, stocks,
Aug. 29.
Bftiea of
the
w«ek
bales.
Of whioh exporters took...
Of which speculators took.
Sales Amerloan
Actual export
Forwarded
Total Btook— Kstluiated
Of which American— Est'd.
Total import of the week
Of which American....
Amount afloat
Of
xrhlfsV
fpeo.
*m*-*o*.r
29,000
1,200
300
22,000
9,000
46,000
436,000
352,000
15,000
7,000
21,000
,
;,
.yo<~
&c,
Sept. 5.
38,000
1,200
2,000
27,000
8,000
38,000
377,000
SO 0,000
6,000
3,000
86,000
22. nr*f
at that port.
Sept. 12.
Sept.
19
400
47.000
4,300
2,500
41,000
8,000
44,000
838,000
271,000
13,000
10,000
46,000
39,000
6,000
51,000
305,000
218,000
24,000
23.000
64,000
4(1,0(10
nrt/>
58,00<>
Quiet.
415 16
415 18
43I32
5lie
5,000
8,000
7,000
7,000
300
500
500
500
&exp.
Moderate Moderate
demand. demand.
Steady.
5%
5%
8,000
1,500
7,000
500
Futures.
Br'ly gt'dy Quiet at
l-84(&2-64 1-61 de-
Market
opened,
Markett,
tf.K
advance.
I
Quiet.
cline.
Quiet at
partially
1-64 adv.
Quiet but JOE?**
steady.
Steady
at
1-64 de.
ollne.
Quiet at
9@3«
pts.
advance.
Steady
at
1-64 ad-
vance.
Steady at
2-64® 8-64
advance.
Irreg. at
Steady at
H@2
3W@4 pU.
pts.
deoline.
advance.
The prloesof futures at Liverpool for each day are given
balow, Prices are on the basis of Uplands, Good Ordinary
^ause. unless otherwise stated.
Sat.
13
Sept.
300
br
Mon.
Sept.
Toes.
15 Sept.
Wed. Than.
16. Sept.
17
Sept.
d.
d.
4 48 4
t*ep*.-Oot.. 4 40 4
OeV.Nov.... 4 35 4
N»v.-Dec. . 4 33 4
Dee.- Jan.... 4 32 4
Jan.-Feb.... 4 31 4
Feb.-Meb... 431 4
Meh.-Aprll. 4 31 4
April-May.. 4 31 4
May- Jane., 4 30 4
June-Jaly ..
J uly-Aug.
September
d.
d
d.
d.
d.
d.
d.
Frl.
18 Sept. 19.
12% 1 12% 4 12% 4 12% 4 12% 4
P.M. P.M, P.M. P.M. P.M. P.M, P.M. P.M. P. M. P. M.
Barrister,
1,030
The partioularg
Moderate
demand.
Small
(tales.
802
Qaentin. 8,584
Inquiry.
«S14.Dpl'd8.
3,279
rinaga, 9,599
Boston
I
P. M.(|
di Mllano, 1,315
To Havre— Sept. 11—Steamer Mattewan, 11,738
To Bremen- Sept. 17— Steamer Breslau, 9.604
To Hamburg— Sept. 15— Steamers Marte, 1,850
N'p't
Market
tet,
12:80
3,043
200
ttreat
SaCday. Monday, Tuesday Wed'day. Thursd'y Friday.
Spot.
Hesperia, 302
To Hamburg -SeDt. 13 -Steamer Inohmarlo. 800
To Genoa— Sept. 15 -Steamer Ksglna Elena. 5,950
Galveston—To Manchester—Sept. 16 -Steamer Maria de
arranged in
The tone of the Liverpool market for spots and futures
each day of the week ending Sept. 10 and the daily closing
prloesof spot ootton, have been as follows.
72
498
Orleans -To Liverpool -Sept. 16— Steamers
LXXV.
[Vol.
9,382
4,000; Bernard Hall, 2,103..
To Havre Sept. 18— Steamer Oanarias, 5,035
cia,
,
d.
12%
P.
4
M. P. M.
d.
d.
49 4 48 4 49
404 39 4 40
36135 4 35
33 4 33 4 33
32 4 32 4 32
82431 4 31
4 60 4 55 4 57 4 59 4 59 4 57 4 61
4 42 4 46 4 47 4 49 4 50 4 47 4 51
4 37 4 41 4 41 4 44 4 45 4 43 4 46
4 34 4 89 4 39 441 4 42 4 40 144
4 33 437 4 37 4 39 4 41 4 39 4 42
4 33 4 37 4 37 4 33 4 40 4 38 4 42
31 431 431 4 32 4 36 4 36 438 4 39 4 37 4 41
31 4 31 4 31 4 32 4 36 4 86 4 38 439 4 37 4 41
31 4 31 4 30 4 32 4 35 4 35 487 4 33 4 37 4 41
314 30 4 30 4 31 4 35 4 35 4 37 4 38 4 37 4 40
4 60
4
4
4
4
51
46
44
42
4 42
4 41
4 41
4 41
4 41
Jute Butts, Bagging, Etc.— The market for jute bagging
has been without special feature during the past week at unchanged prices -6c. for \% lbs. and 6%c. for 3 lbs., standard
grades. Car-load lots of standard brands are quoted at 6^@
6^c, f. o. b., according to quality. Jate butts dull at 1J^@
l%c. for paper quality and 2@23^c. for bagging quality.
BREADSTUFFS.
Friday, Sept. 10, 1902.
Only a limited volume of business has been transacted in
the market for wheat flour. Spring-wheat flour has shown
some irregularity, sellers finding it necessary to make concessions to move old-crop springs, while new has had a
moderate sale at fairly steady prices. The tendency of prices
for winter- wheat flour has been in buyers' favor, with demand reported as limited. City mills have been quiet. Rye
flour has continued to meet with a fair jobbing sale at
steady prices. Corn meal has been quiet and unchanged.
Speculation in wheat for future delivery has been quiet,
and the movement of prices has been irregular. The new
crop has been moving freely, the receipts at tbe primary
spring market showing large gains, and supplies of wheat in
eight have been accordingly increasing.
Prices for cash
wheat and September contracts have been easier. On Thursday 115,000 bushels No. 2 red winter wheat were delivered
on contracts in the local market, and this added to the weakness of September deliveries. During the first of the week
there was a fractional improvement in prices for the more
distant deliveries. European cable advices were of a character to give some encouragement to the market, and there
was a fair export business, which also had a steadying influSubsequently, however, the free movement of the
ence.
new crop and favorable weather reports from the interior
turned the market easier for all deliveries. One authority
says that the ground is in fine condition for winter-wheat
seeding. The cash markets here and at outports have been
Exporters have been more active buyers at a
fairly active.
decline in prices. To day the market was easier early under
weaker foreign advices, but rallied during the day on shorts
covering. The spot market was moderately active,
BAILT CLOSING PKICEH OF HO. 2 BSD WINTER WHEAT Df NEW YORK.
Mon.
Tuet.
Wed.
75%
75%
75%
73^8
75%
76%
73%
74%
74?8
Sat.
Jaeh wheat
I.
o b
Sept. delivery In elev....
Dee. delivery in elev
May delivery In elev
75
76%
7 2 St
75
74
Fri
74%
74%
75
738s
74^8
74
75%
75%
76%
BPBIHO WHEAT IN CHICAGO.
DAILY CLOSING PKIOH8 OF HO 2
Sat
Mon.
Sept. delivery In elev
Dee. delivery in elev
May delivery In elev
74
Thurs.
74*3
733a
Tuet.
72<>8
Wed.
723s
Thurs.
Fri.
72%
73?e
68'-%
68?8
69
68"8
69
69%
70
69%
70%
70%
70%
70%
Indian corn futures have been moderately active, but the
tone of the market has been unsettled,_and prices for the
week show only a fractional change. The frosts reported
at the close of last week in the northern section of the corn
belt, it is reported, did no material damage, it being gener-
ally understood that the percentage of the corn exposed to
serious damage by cold wea'her was small. The "Cincinnati
Price Current," in its weekly crop summary issued on the
18th inst., said that there was some lowering of corn conditions by frost, but that the crop was practically made.
The movement of old-crop corn has increased somewhat
during the week, and there have been moderate offerings of
new-crop corn from the Far Southwest. The spot market has
been quiet and easier. To-day the market was steadier on
light offerings. The spot market was quiet.
.
September
.
THE CHRONICLE
20, 1902.]
daily oLosrae prices or ho.
MIXED
Mon.
69
66 78
CORN I»
627
NEW FORK.
Woolen Company has announced that its lines are mostly
up for the spring season. There has been no advance in
68 4
71 ss
69%
68%
Cwh corn 1. o. b
66 7s
68 >*
674 price in any direction, but the market seems to be on a
663s
Sept. delivery In elev
64 *«
6308
•
633a
68 Ba firmly established basis for the general run of woolen and
Oct. delivery In elev
495g
49*8 worsted goods.
49*8
49 «8
50^
There is some irregularity in fancies in
Dec delivery In elev
45 »«
45 7s
46
45 »h
454 styles which have not met with the approbation of buyers.
May delivery In elev
DAILY OLOSIKO FSIOBS OF NO. 2 MIXED OOBIf IH CHICAGO.
The demand for overcoatings is quiet, and cloakings are dull,
Wed. Thurt.
Mon.
Tuet.
9ri.
Sat.
without quotable change in prices. Business in woolen and
7
PS 8
58
5S38
584
59
Sept. delivery In elev.... 59
43?8
43 34
43 78 worsted dress goods has been of late average character and
43%
43 ^
433a
Deo. delivery In elev
40*8
4034 prioes are steady.
414
404
414
May delivery In elev..... 404
Domestic Cotton Goods, —The exports of cotton goods
Oats for future delivery at the Western market have been
moderately aotive, but at declining prices. The new crop is from this port for the week ending Sept. 15 were 1,865
now being marketed with considerable freedom stocks have packages, valued at $109,834, their destination being to the
been reported accnmulating and offerings have been freer. points specified in the tables below:
The demand, however, has been poor, and the market has
1902.
1901.
lacked tone. Locally the spot market has been quiet and
NEW YORK TO SEPT. 15.
To-day the market was quiet. The spot market was
easier.
Week. SineeJan.l. Week. Since Jan. 1.
more active.
a
sat
. .
Wed.
Tuet.
Thurt.
68 H
6634
631a
49*8
4588
•
Fri.
sold
;
NEW YORK.
DAILY OLOSnro PRICES OF OATS IH
Tuet.
8aL
Mon.
Nom'l. Nom'l. Nom'l.
NO. S ulxed In elev
Wed.
Thurt.
Frt.
324
32
35
82
34 7a
Wo. 2 white In elev...... Nom'l. Nom'l. Nom'l. Nom'l.
DAILY CLOSING PRICES OF HO. 2 MIXED OATS IH
Wed.
Tuet.
Sat.
Mon.
33
334
Sept. delivery In elev.... 343a
33%
31
314
Dee. delivery In elev.... 314
314
314
31%
314
May delivery In elev.... 313s
6
23
CHICAGO.
Chln»....
92
421
51
322
777
171
88,526
16,723
13,446
6,903
16,897
1,640
6,694
37,310
10,038
1,025
23
21
726
94
"17865
200,548
2,691
189,144
.....
...... wmmt •••••• ....
Africa......— .... .... .... ....
Thurt. fri.
324
31 78
304
314 South
30»s
314
America.............
Following are the closing quotations:
«2
91
95 OS
10 03
Bnperflneb —.. .... 2 75
Krtra, No.
Extra, No.
8,
L«.
80
90
20
75
f>3 80
94 65
2 75
©4
65
Rye flour .superfine 8 10 «3 60
Buckwheat flour
9 ....
Corn meal8 40 »S 45
Western, etc
Brandywlne
3 50 a>3 60
HardDuL.Nj.
(BAB.
—
1..
f.o. b.
N'thern DuL, No.l
Red winter. No. 8
Hard No. 2
Oats— Mix'd,p.bnsh.
White
No. 2 mixed
No. 3 white
*
f.
o.
f. o.
f.
o.
b.794
b.74
e.
Western mixed.
82
%
b.774
29 «33
30 ©38
82 933
34 7e935
September shipment.
Corn, per bush.—
o.
o.
No. 2 mixed
Ho. 2 yellow
No. 2 whiteBye, per bush—
-.
o.
67
«68%
f.o.
b.68%
i.
o.
f.
o.
Western
_ 52
55
State and Jersey
Barley— West
55
Feeding
.....43
,
Government Weekly Grain Report.— Mr. James
b.70
b.70
9564
©554
• 62
946
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
Sept. 15 as follows:
Weather.—The week ending September 15 was unseasonably
oool
east of the Rooky Mountains, more particularly in the lake region, central valleys and Gulf States, with a general absence of rain, or only light precipitation in the [greater part of
the area west of the Mississippi River, although heavy rains occurred
in portions of Arkansas and Louisiana. Needed rains fell in the Ohio
Valley, lake region and Middle and South Atlantic States, effectually
relieving the drought conditions In those districts. More or less damaging frosts ooonrred on the 12th, 13th and 14th throughout the Northwest, central valleys and lake region, and as far South as Arkansas
and the northern portlOES of Mississippi, Alabama and Georgia. The
North Paolfto coast States oontinue to need rain, but jln other respects
the conditions on the Paolflo Coast were favorable.
Corn.— Late corn has been seriously damaged by heavy frosts over
the northern portion of the oorn belt, more especially to the westward
of the Mississippi River. Ohio, Indiana, Illinois, Missouri and Kansas
esoaped injury except in the northern portion, where late eorn was
throughout
all districts
:
damaged. In Iowa, Northern Nebraska, the Dakotas, Minnesota and
Wisconsin early oorn has been seriously injured. It is estimated that
more than one-half of the crop in Iowa and South Dakota was too far
advanced to be seriously hurt, but the bulk of the remainder has been
badly damaged. Much oorn has been out over the southern portion of
the oorn belt, where a fine crop is assured.
Spbd»g Wheat,—The weather conditions bave been favorable for
threshing spring wheat throughout the principal spring-wheat States,
except In North Dakota, where high winds have interrupted this work
656
50
The value of the New York exports since Jan. 1 to date
has been $9,318,275 in 1903, against $8,363,176 in 1901.
The home demand for cotton goods has been on a moderate
scale, with buyers paying full market quotations for both
sheetings and drills. Exporters have bid for considerable
quantities, but few of them have come up to sellers' ideas,
and actual buying has been limited. There has been a fair
amount of business done in bleached muslins, for which prices
rule firm in all grades. Bleached cambrics are scarce and
very firm. Sales of wide sheetings have been moderate in a
firm market. Denims are firm, with an occasional make of
light-weights advanced J£c. per yard. In other coarse, colored cottons the market is without change. Ducks are firm.
Cotton flannels and blankets quiet at previous prices. Kidfinished cambrics quietly firm. An average business for the
time of year is reported in printed calicoes and prices are
maintained for both staple and fancy lines. Fine grades of
printed fabrics are firm. Supplies of ginghams and 'fine
woven patterned cotton goods are limited, but no advance in
price has been made. Print cloths are neglected in regulars
and unchanged at 3c, but odd goods have been in fair demand and very firm in price.
Foreign Dry Goods.— Fine grades of imported dres
goods continue firm, with a fair demand. Silks and ribbons
also firm. Linens in better request at full prices, Burlaps
dull and barely steady for spot goods.
Importations and Warehouse Withdrawals of Dry Goods
7
B9
S
S
H
ft
3
Cjltf
6T32
o
ojp
$ St Sh; SSy
©
!
3
O
s;
•
©
m
.
M
!
!
j
•
I
n
-
50
M
com
wto
!
I
A tO 03 A
c/i©c*com
wtOMpos
HtOM
©M o>^-aoboao
MW
"toes©©©
AW
toao©oto
©» WWC*AA
THE DRY GOODS TRADE.
M
CI
«©
MH
toco
W©©j3iH
COM
',
mVmow
MM
©Mtoajaj
•J CO
©OOOCJtA
\0M
co
to
•5M
Mot
03
00
A
"com
CO
C3
to
03
03
00
to
to
oo en
WW
w
H
©CJt
03
coto
^*
00
M
tO CO lb
05*.
CTCOmOIM
©
3
CO #. CO CO CO
03
W
wa
H
H H W 03
©W ©M
00
GO
wjopesA
toco
9<oa
"tocobicow
ODCOA© A
AtOW©©
03 05
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W CO M K> tO *. tO
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co***=.co*.
03 CO
117,720 119,608 115,855
15.024 10.146
HA
9,696 6,798
I
I
-jcowcnm
OOP CO 00 CO
t;
!
s
:
s
I
a
i
tOMMtO
00
03
1
<IO1t0O«00
wtooto©
tOUOOCntO
CJ1M©M A
© tod©cji©se
hJ
OlW A©M
A ©ohoooh"
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VojcnTo©
CD03OC0 03
COAMWM
es'Mtocow
O*. cc w to
ts«Jf HO
8
*
s
K»
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OS
to«
MtOtO
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AGO 03 tO -3
tO©03M<l
©C3A©W»fi
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356,736 372,129
827,397
17,776
12.497
CO
03
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5,804
8,655
—
w *»
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m*m
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34,248 60,654
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177,300
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spot goods. Sellers are not inclined to get under contracts
ahead to any extent on the prevailing basis, and by their
conservative attitude business is smaller than it otherwise
might be. The course of the cotton market this week, while
tending so confirm sellers in their reserved attitude, has not
brought out buyers in any more aggressive mood than last
week. The former, from present indications, hold the
strongest position. They are not hampered by unsold supplies, goods in the majority of instances are relatively
cheaper than raw material, and business throughout the
oountry is on a liberal scale. There is nothing in the situation suggestive of a lower market for some time to come,
while probabilities favor a higher range of values later on.
Woolen Goods. The current week's business has been of
quite moderate dimensions in men'e-wear
woolen and
worsted fabrics. The orders coming forward have been for
limited quantities, the larger buyers having completed their
first round of purchases for the spring season.
In both
staple woolens and worsteds the business done up to date has
been generally satisfactory, and this week the American
:
•
«;
some extent.
vr For other tables a anally given here net pate 591
Nrw York. Fbidat, P. M„ Sept. 19, 1902.
There has been little variation in the character of the dry
goods market at first hands this week. A steady business
has been done day by day to meet the current requirement of
buyers, and this has been sufficient to keep stocks from accumulating. There has been no pressure to make forward
purchases, although bids from both the home and export
trade have been fairly numerous at about prices ruling for
:
I S| B
•
.
I
to
—
907
»3 75
Patent, winter.... 93 50
City mills, patent. 4 20
2
Clears......^,.,.. 8
Btralghta.. .„«.... 8 35
Patent, spring, ... 3 85
(Wheat flour in sacks sells at prioes below those for barrels.)
Wheat, per busii
—
Total
FLOUR.
90
6
1.464
3,633
1,021
71,265
8,548
30,885
6,701
16,233
1,402
5,248
41,994
7,219
Other European.......
I
i
OOOACO©
tOW_©M©
OWOOCOQ
I
<U>
AWOOOO
to CD »1
CJI
tO
toVtoM©
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(WCJtO
A©
mto M©©
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©"toco
to 00 MM©
tO CO to
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tOM
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<!M*tO
©CO
rr *. omm«
©00 MtO<l
M~© MM A
©©
M© ©MM
MkOOO
M*
©fes
©*.
OS
——
—
-
——
:
THE CHRONICLE.
628
Stats
md
Ojty DztfivrvtzvT*
News
Items.
Beatrice, Neb.—Bonds Must Be Paid.— The following is
from the St. Paul "Pioneer Press" of Aug. 26, 1902 :
The United States Circuit Court of Appeals yesterday rendered a decision
judgment of the Circuit Court for the District of Nebrtskaln favor
of John W. Edminson m an action to recover on binds issued by the city of
Beatrice, Neb. As a defence against the action the city alleged that the bonds
In suit, amounting to $115,000. were Illegally issued, tne city debt at the time
of the issue having already exceeded the statutory limitation; but the plaintiff
showed that he had b >ught tbe bonds in good faith, and as a consequence of
the representations of the authorized city officials that they were issued infull
compliance with the law, and further that the bonds themselves coutained recital to tne effect that the law had been complied with.
The Appellate Court, i udge Sanb«rn writing an opinion, says
"Recitals in municipal bends which import an Issue in accordance with the
the terms of the law or Constitution which contains a limitatii n of indeotedness will estop the municipality from defeating recovery on tbe bonds in
hands of an lunocent purchaser on the ground that its debc exceeded tbe prescribed limitation where those recitals were made by municipal officers In
whom the power was vested and on wbom the duty was imposed of determining whether or not the limitation was exceeded before tbey issued the bonds,
and where no notice of the fact of the excessive indebtedness was given to the
buyer by the face of the bonds or by any public record which was prescribed
by the Court or by the Act under which the securities were issued as a test of
the limitation."
affirming a
[Vol.
LXXV.
Montpelier, Vt.— Bond Call.—The City Council has decided to pay off $10,000 3^£ water bonds now subject to call.
These are the last of the water bonds of this city.
Spokane, Wash.— Warrant Call.—M. H. Eggleston, City
Treasurer, calls for payment Sept. 19, on which date all interest will cease,
redemption and judgment fund warrants
Nos, 14,067 to 14,090, inclusive.
Stockton, Vol.— Boid Redemption.— City Treasurer I. S.
Haines has called for redemption the following municipal
improvement fund bonds, interest on which ceased Sept. 10,
19'»2
Series
Series
Series
Series
No.
No.
No.
No.
1— Bonds Nos. 56, 57, 68, 59.
2— Bonds Nos>. 34, 35 and 36.
3— Bonds Nos. 23 and 24.
i— Bonds Nos. 34, 35 and 35.
Series No.
Series No.
Series No.
I
I
I
5— Bonds Nos. 21 and
6— Bond No. 2.
1—Bond No. 2.
22.
I
:
County, Mo. County Bond Ltiqatoi. — Th-» fola special dispatch to the St. Louis ''Globe-Demo-
St. Clair
lowing
is
crat:"
been brought Id the United States
Court to revive the judgment against St. Clair County for tne amount or rail
road bonds which ine county has repudiated. Tne action was taken by the
bondholders to protect and keep alive their claim against the county until
Congressional legislation can be obtained to provide some method by which it
will be possible to bring about tbe payment of this old deot. A Deputy United
States Marshal has gone to Osceola, Mo., to serve the papers on tbe County
Clerk. Under the law a judgment In the Federal Court expires in tweuty years
and the claim must oe renewed at the end of that time. The original debt was
for $200,000. It is now thirty years old and the accumulated iuteresthas
brought it up to nearly $2,000.uuo. The last suit to renew the judgments is
brought by John B. Henderson Jr., representing the holders of $3»o,Ouu of the
debt. Tbe efforts of John B.Henderson Sr. to compromise have been defeated, and it is proposed now to seek relief irom Congress.
See Chronicle June 21, 1902, and May 6, lb99.
Sept. 11.— Suit has
Virginia Deferred Debt.— Debt Commission Takes Action.
It appears now as though some conclusion would be
reached in the matter of the one-third of the original Virginia debt for whicb that State issued what is known as her
deferred certificates. These represented what she claimed
to be the share of her debt contracted for improvements
—
made
in the territory now constituting the State of West
Virginia, The latter State has always avoided the discharge
of the obligations so allotted to her, and after repeated efforts
to induce her to provide for its payment, the Virginia As
sembly passed an Act in 1900 constituting a Commission,
which was charged with the duty of procuring a settlement
by negotiation or by such other action as might be necessary.
The pre-requisite to any Act by said Commission was the
control of two-thirds of the certificates of the issue of 1871,
and of a majority of those of 1879, 1882 and 1892. Sach control has been obtained through deposits in excess of those
amounts with the Certificate Holders' Committee, of which
John Crosby Brown is Chairman. Mr. Brown, representing
this committee, was present at a meeting of the Commission
held in Richmond on Thursday the 18th, and reported the
above facts as to deposits. An arrangement in the nature of
a contract was thereupon entered into between the Commission and the committee providing for immediate efforts by the
State of Virginia towards the adjustment and settlement of
this matter as expeditiously as possible.
This contract provides that its provisions shall apply to any additional certificate hereafter deposited with tbe said committee under its
agreement with depositors. Those not depositing are not
provided for. This committee has marshaled the largest
amount of these certificates ever gotten together, and additional deposits are constantly being m»de. Up to the 25th
instant deposits will be received by Brown Brothers <fe Company without penalty; after taat date a penalty wiil be enforced in an amount to be determined by the committee. The
action of the Commission was unanimous, the large excess
of deposits over the statutory requirements carrying great
weight. In ali of these State debt settlements both parties
naturally wish as full a deposit as possible, facilitating and
hastening an early conclusion.
Bond Calls and Redemptions.
Dubuque, Iowa.— Bond Call.—B.. Brinkman, City Treas
urer, gives notice that interest ceased August 25 on street
improvement bonds Nos. 177 and 178 dated June 1, 1902, and
No. 76 dated Sept. 2, 1897.
Easton, Pa.— Bond Call.—James R. Butz, City Treasurer,
calls for payment October 1, at his office, 5 20 year (optional) bonds Nos. 1 to 16, inclusive, for |500 each and Nos.
17 to 86, inclusive, for $100 each, all dated July
1,
1837.
Iuka Township, Pratt County, Kan.— Bond Call.—L. M.
Shives, Township Treasurer, calls for payment October 1 in
New York City $22,000 Kansas Southwestern Railroad aid
bonds issued April 1, 1887. Denomination, $500.
Live Oak County, Texas. Bond Redemption.— On Sept. 6
this county redeemed $8,000 bridge repair bonds which were
held by the Permanent School Fund.
Missouri. Bond Call. —The Board of Fund Commissioners on August 11 called for payment October 1 at the Na-
New
Bank of Commerce,
York City, the following
5-20 year refunding bonds, viz.: No3. 6014 to 6113, inclusive, and Nos. 6114 to 6613, inclusive.
One-quarter's interest will be pail with bonds.
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Albany County (P. O. Albany), N. Y.— Bond Sale.—On
Sept. 15 the $44,000 %%i refunding city-hall bonds described
in the Chronicle Sept. 6 were awarded to the Albany Savings Bank, the $18,000 maturing yearly from 1908 to 1920,
inclusive, at 100-75, and the $26,000 maturing 1921 at 101*30
and accrued interest. The other bidders represented were
as follows
W. J. Hayes
Sons, Cleveland; W. R. Todd
Co., New York; Albany City Savings Institution, Albany;
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Kansas City, Mo.,
tonal
3ond Proposals and Negotiations thii
week have been as follows
&
O'Connor & Kahler, New York; Trust Company of America,
New York; National Savings Bank, Albany; Home Savings
Bank, Albany, and S. A. Kean, Cnicago.
Ardmore, I. T.— Bond Election.— Mayor R. W. Dick gives
notice of an election Oct. 2 to vote on the question of issuing
$175,000 bonds— $150,000 for water and $25,u00 for schools.
Athens, Ga.—Bond Election.— An election will be held
Sept. 27 to vote on the issuance of $50,000 i.% 30-year city-hall
bonds.
Athol, Mass.—Description of Bonds.—Tbe $20,000 sewer
bonds mentioned in the Chronicle August 16 will carry S%
interest, payable January 1 and July 1 in Boston.
Principal
will probably mature in thirty years.
Date of sale not determined.
—
Baltimore, Md. Bonds Proposed. An ordinance has been
introduced in the City Council providing for the submission
to tbe voters at the coming election of the question of issuing $5,000,000 40-year bonds fcr paving, school, park, sewer
and other purposes.
Belknap (111.) Drainage District.— Bond Sale.— On Sept.
15 the $16,000 4%% 1-20-year (serial) bonds described in the
Chronicle Sept. 13 were awarded to the First National
Bank of Vienna on a basis of 4i.
Belle Vernon, Fayette Couuty, Pa.— Bond Offering.—Proposals will be received until O.Jt. 1 by W. H. Scott, Cnairman
Finance Committee, for $10,000 5# coupon bonds. Date, Oct. 1,
Denomination, $500. Interest, semi-annual. Matur1902.
ity as follows
$500 on Oct. 1 of the years 1910, 1912, 1914,
:
1916, 1918 to 1927, inclusive; $1,000 in 1928, in 1929 and in
Assessed valuation of property, $424,610. Present in1930.
Bonds are free from all taxes.
Bowling Green, Ohio.— Bond SaJe.— Tbe highest bid
debtedness, $13,700.
re-
ceived'Sept. 13 for the $12,000 4% lateral- sewer bonds described in the Chronicle Sept. 6 was that of Reed, Murry
bid of 100 041 was also
Co,, Bowling Green, at 100 666.
received from W. J. Hayes
Sons, Cleveland.
Bowling Green (Ohio) School District.— Bond Election
Not Held.—The School Board has rescinded its action in
calling an election Sept. 2 to vote on the iseuance of $35,000
high-school-building bonds.
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Bridgeport (Texus) Independent School District.— Bmds
Registered.— On Sept. 4 the State Comptroller registered a
$16,000 issue of bonds of this district.
Bridgewater (P. O. West Bridgewater), Pa.— Bond OfferProposals will be received until 6 p. M., Sept. 22, by
ing,
Frank M. Bickerstaff, for $9,000 i%% borough bonds free of
—
tax.
—
Buffalo, N. Y. Bond Sale. The sinking fund has taken
as an investment a monthly local-work bond of $6,414 70.
Burlington, N. J.— Bond Sale.—On Sept. 15 the $9,500 4*
10-year deficiency and health bonds described in the Chronicle Sept. 6 were awarded, $1,500 at 104 to Frederick Peter of
Burlington and the remaining $8,000 at 10875 to the Burlington Savings Institution. Accrued interest paid by purchaser.
The bids received were as follows:
104*00
Thompson, Tenney 4 Crawford,
Frederick Peter (for $1,500)
100-506
New York
Burlington Savings Institution,
I
10S75
Burlington..
B. W. W. Frasher (for $6,50). .102-63
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A. Kean. Chicago
100-20
W. R. Todd &Co. New York.... 100-00
Canton, Ohio.— Bond Offering.— Proposals will be received
until 12 M.. Oct. 6, by C. C. Loyd, City Clerk, tor the following $13,000 street-improvement bonds, dated Oct. 1, 1902.
Rate of interest to be named in bid:
$10,000 Linden Avenue bonds, $2,000 each, maturing one bond yearly from
Oct. 1, 1903. to Oct. 1, 1907, inclusive.
3.000 Suminit Street bonds, $600 each, maturing
1903, to Oct. 1, 1907, inclusive.
one bond yearly from Oct.
1,
Authority, Sections 2704 and 2705 of the Revised Statutes
A
certificate of deposit for $500 from the First Naof Ohio.
Accrued interest to be
tional Bank of Canton is required.
paid by purchaser, who will also be required to furnieh blank
bonds. No bids considered unltss made upon forms furnished by city of Canton.
Canton School District, Ohio.— Bond Offering.— Proposals
be received until 12 M,, Sept. 29, by S. J. Harmount,
Clerk of Board of Education, for $75,000 funding school
will
bonds.
Denomination, $1,000.
Interest, not to exceed 4£,
—— —— —
—
September
THE CHRONICLE.
20, 1903.]
payable semi- annually at Kountze Bros., New York, or at
Of this issue $70,000
cffice of Clerk of Board of Education.
will be dated the day of sale and $5,000 Oot. 21, 1902. Maturity, $25,000 yearly from 1916 to 1918, inclusive. An unconditional certified check for $1,000 from the First National
Bank of Canton, payable to the Board of Education, is required. Bonds to be furnished by purchaser. Authority,
Section 2834a of the Revised Statutes of Ohio. Bids shall be
made on blank forms furnished by the Board of Education,
and each bidder must certify that he is satisfied with the
legality of the issue.
Carlstadt (N. J.) School District —Pond News.—The
Board of Education recently submitted to the people for their
consideration three separate propositions relative to the issuance of bonds for sohool purposes, intending to have them
adopt only one. The people took the matter into their own
hands, however, and cast a unanimous vote in favor of all
the three propositions, so that an aggregate of $75,000 bonds
appears to have been authorized, whereas only a part of that
sum ie needed for the purpose. The Clerk of the District
writes us that the matter will be referred to the AttorneyGeneral for settlement.
CbarlottetowD, P. E. I.— Debenture Sale.—-This town has
sold $85,0C0 4% water-works debentures, maturing 25 years
after date.
Cincinnati, Ohio.—Bonds Authorized.— The Board of Legislation of the city of Cincinnati has authorized the issuance
of $15,000 %%% hospital and pest-house-improvement bonds.
Denomination, $500. Date, Oct. 1, 1902. Interest, semi-annual. Maturity, Oct. 1, 1927.
Citrus Union School District, Los Angeles Connty, Cal.
high-schoolare advised that the $12,000
—Bond Sale.—
building bonds were sold on Sept. 8 to H. C. Rogers, Pasadena, at 111 "888. Following are the bids :
113,426 00 Denlson, Prior & Co.. CleTe. $12,780 76
H.C. Rogers. Pasadena
12,626 00
Isaac Springer. Pasadena ... 13,237 11 O. J. Wlgdal
Trowbridge & Ntver Co., Chi. 18,859 00
For description of bonds see Chronicle Sept. 6, p. 514.
Clarke Connty (P. 0. Athens), 6a.— Bond Offering.—Atten-
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tion
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called to our advertising
columns elsewhere for the
offering for. sale on October 15 of $33,000 4% gold refunding
bonds, to be dated Jan. 1, 1908.
Proposals for these bonds
will be reoeived until 12 M. on that day
by the Commission-
ers of Roads and Revenues. For full description of these
bonds see Chronicle Sept. 13, p. 572. H .C. Erwin, Clerk.
Clarksville, Ohio.— Bond Offering.— Proposals will be re-
ceived until 12 m., Sept. 29, by J. R. Burton, Village Clerk,
for $3,600 5% sidewalk bonds. Interest, March 1 and Sept. 1.
Maturity, one bond of $180 each six months from March 1,
1908, to Sept. 1, 1912, inclusive.
Accrued interest to be paid
by purchaser. Authority, Sections 2329, 2330b and 2330c,
Revised Statutes of Ohio.
Cle Elnm, Kittitas County, Wash.— Bond Offering.—Proposals will be received until Oct. 1 by Gr. P. Sbort, Town
Clerk, for $9,500 water works bonds. Interest, not to exceed
Maturity, ten years from date of issue. Authority, elec6#.
tion held recently, whereat vote was 105 for and 1 against
bonds.
Coles Connty, 111.— Bond Election,— At the November election the question of issuing $65,000 funding bonds will be
submitted to the people.
Colton School District, San Bernardino County, Col.—
Bond Sale. On Sept. 13 $10,000 school bonds were awarded
to E. H. Rollins & Sons, S*n Francisco, at 104 '77.
Columbia, Pa. Bond Sale Postponed.
are advised
that the sale of $8,000 Z%% refunding bonds which seme of
the papers stated would take place on Sept. 27 have been indefinitely postponed.
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1) odli am, Mass.— Bond Sate.— R. L. Day & Co., Boston,
have been awarded $22,400 4% bonds at 102 329.
Durant, Ind. Ter.— Bond Election.—This city will vote
during the coming fall on the question of issuing bonds for
a water-works system,
East Paris (Texas) School District.—Bond Sale.—On
Sept. 12 this district sold $4,000 bonds to the State Board of
Education.
Ellendale,
Minn.— Bond Sale.— The $6,000 5% water bonds
offered for sale on August 22 have been awarded, according
to local reports, to S. A. Kean, Chicago, at 101 '25, upon the
condition that the bonds be accepted in ten days.
Essex Connty, Mass.— Bond Sale.—The $200,000 8%%
bridge and the $200,000 Z%% court-house bonds offered but
not sold on Sept. 8 have been disposed of at private sale to
Co., Boston, at 101-25. For description
Merrill, Oldham
of bonds see Chronicle Aug. 80, p. 464.
Bond Sale.— On Sept. 1 the $8,000 5%
Fayettevllle, N.
80-year electric-light bonds described in the Chronicle
Co,, Cincinnati,
Aug. 30 were awarded to Feder, Holzman
at 101-962.
Flandrean, S. Dak.—Bond Election.— On September 26
the people of this city will vote upon the proposition to issue
$8,000 warrants for the purpose of installing a publio lighting plant.
Bonds to be Issued. This city proGeorgetown, S.
poses to issue $75,000 4% 20 40- year (optional) water and
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We
are advised by the City Treasurer that
bids for these bonds will probably be called for in December
next.
Golden, Colo.—Bond Sale.— On Sept. 2 the $100,000 5%
15- j ear water bonds described in the Chronicle Aug. 23
were sold at par.
Grant School District, Fresno Connty, Cal.— Bond Sale.—
This district has sold an issue of $2,500 bonds to the Oakland
Bank of Savings at 105 60.
Greenfield, Ohio.—Bond Sale.— On September 15 the $12,000 4% improvement bonds described in the Chronicle Sept.
13 were awarded to the Highland County Bank of GreenRudolph Kleybolte
field at 100125.
Co., Cincinnati,
offered a greater premium for the bonds than did the local
bank, but as their bid was conditional it was not considered.
Grosse Pointe (Mich.) School District No. 1.— Bonds Authorized.—On Sept. 10 this district authorized the issuance
of $3,000 school-house bonds.
Hamilton (Texas) School District. -Bond Sale.—The
$5,000 4% 5-20-year (optional) bonds recently registered have
been sold to the State Board of Education at par. Denomination, $500.
sewer bonds.
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Harrodsbnrg,
Ky.
Bond Election.— At the November
election the question of issuing $66,000 bonds— $48,000 for an
eleotric-light plant and $18,000 for water works will be submitted to a vote of the people.
Hillsborough Connty, Fla.— Bond Sale.— On Sept. 16 the
$400,000 4% gold bonds described in the Chronicle Sept. 13
were awarded to Seasongood
Mayer, Cincinnati, at a price
said to be 95-065.
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Howard, Kan.
Injunction
Rented.— Judge Aikman on
Sept. 2 overruled a motion for an injunction to restrain the
city officials from issuing the $7,000 gas bonds voted at the
election held Aug. 26. See Chronicle Sept. 6.
Hudson Connty, N. J. Bond Sale The sinking fund has
taken an $8,000 4% 5-year bond put out out to meet the costs
of burial plots for soldiers.
Date of bond, Oct, 1. 1902.
Interest, semi-annual.
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Hyde Park, Ohio.
Bond Sale.— We
are advised that the
$5,000 4%% 20 year sidewalk bonds were awarded on Sept. 2
to the Cincinnati Trust Co. at par and accrued interest; also
the $2,405 92 5£ 1-10-year (serial) Douglas Avenue improvement bonds to the same company at par, $5 premium and ac-
Colnmbns, Ga,—Bond Election.—The City Council has
passed the ordinance providing for an election Dec. 4 to
crued interest.
vote on the question of issuirjg $250,000 4% 1-25 year (serial)
Jeffers, Minn. Bond Sale.— a September 15 this village
water bonds.
two-thirds vote is necessary to authorize.
sold $3,500 5V& 20-year sewer bonds to the State Bank of
Colnmbns, Ohio —Bond Issue.—The Sinking Fund Trus- Jeffery
at 102-S57.
tees have taken as an investment the $60,000 4% work-houseJohnstown, Pa.— Bond Election. The Mayor has signed
improvement, the $90,000 4% central- relief- main-trunk sewer
and the $175,000 4% main- trunk-sewer bonds described in the an ordinance providing for the submission to a vote of the
Chronicle Aug. 16. These bonds are issued under the au- people at the November election of the question of issuing
$700,000 bonds.
thority of the "Longworth Bond Act" given in full in the
Kansas City (Mo.) School District.— Description of Bonds
Chronicle June 21.
to be Voted.— The $500,000 school house bonds, the question
Bonds Authorized.— The Sinking Fund Trustees have deissuing which will be submitted to a vote of the people
cided to refund tbe $400,000 4)4% High Street Viaduct bonds of
on
Sept. 27, will, if authorized, be put out in denomination
which will mature Nov. 1, 1902.
of $1,000. Date, Jan. 1, 1903. Interest. 8}^, payable semiContinental, Ohio.— Bond Sale.— On Sept. 1 the $13,509 98
in gold in New York City. Maturity, Jan. 1, 1923.
4%% street-improvement bonds described in the Chronicle annually
Kearuey, Neb.— Bond Sate.— On Sept. 5 the $30,000 5-20Aug. 23 were awarded $13,500 to the State Savings Bank of
year (optional) refunding bonds described in the Chronicle
Toledo at 101 963.
Cresson (Pa.) School District.— Bonds Voted.— This dis- May 24 were awarded to a Mr. Burnham at par for 5 per
cents. These bonds were offered as 4 per cents on Jane 2,
trict has voted to issue $25,000 bonds for the erection of two
but were not sold.
new school buildings.
Bonds to be Offered Shortly.—
are advised that this city
Darke Connty (P. 0. Greenville), Ohio.—Bond Offering.—
Proposals will be received until 12 m., Oct. 2, by E. Culbert- will offer for sale about October 15 an issue of $65,000 4% refunding sewer bonds.
son, County Auditor, for the following securities $25,000 5%
Kearney Connty, Neb.— Bonds Registered.— The State
road-improvement bonds, maturing $5,000 yearly on Oct. 2
Auditor
has registered $20,000 5% refunding bonds issued by
from 19U3 to 1907, inclusive; $25,000 5% ditch bonds, maturing $9,000 Oct. 2, 1903; $8,000 on Oct. 2, 1904, and $8,000 on this county to take up a like amount which were put out in
Oct. 2, 1905. Denomination of each issue, $500. Interest, 1882 in aid of the Kearney Canal & Water Supply Co.
Keeseville, N. Y.—Bond Sale.—On Sept. 16 a $1,000 44 10semi-annual. Accrued interest to be paid by purchaser, and
year
refunding water bond of this village dated Sept. 1, 1902,
a certified check for $500, payable to County Commissioners,
was sold to the National Bank of Keeseville at 102. Follow1
quired
Authority for the first issue of bonds, Section
/Q
ing are the bids
4670—14
to 20, inclusive, of the Revised Statutes of Ohio,
100-00
National Bank of Keeseville., .109-00
Jose, Parker te Co.. Boston.
and for the second issue Section 4482.
R. B. Smith & Co., New York. .101-00
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THE 0H2ONICLE.
630
Lansdowne (Borough), Delaware County, Pa.—Bond
Election.— At the;election Nov. 4 the question of issuing $8,000
street and sidewalk bonds, $4,000 sewer bonds and $12,000
fire-house bonds will be submitted to a vote of the people.
are adLawrence County, S. Dak.—Bonds Not Soli.
vised that the $275,000 ^refunding bonds were not sold on
Sept. 1, as the bids received were not satisfactory. For description of securities see
Chronicle Aug.
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Va.— Bond
Offering.— Proposals will be received
to-day (Sept. 20) for $10,u00 4% gold refunding bonds. Interest semi-annually at the People's National Bank of Leesburg. Maturity, 20 years, subject to call $2,000 every two
Leesburg,
& Crawford.
Domini ck & Dominick. N. Y.... 101*51
10241
Wells, Herrick & Hicks, N. Y... 101 -699
& W. Seligman & Co., N. Y.. .102-39 M. A. Stein & Co.. New York ...100-81
O'Connor & Kahler, New York. 101-936 Central Realty Bond & Tr. Co.. 100-177
101-91
Estabrook & Co., New Fork
New London, Conn. Bids.—The following bids were received on Sept. 12 for the $100,000 S%i auxiliary water- fund
bonds which were awarded, as stated last week, to N. W.
Harris & Co., Boston, at 102-337
102-337 R. L. Day & Co.. Boston
N. W. Harris & Co.. Boston
100*53
Biodget, Merrttt&Co.. Boston.. 10207
Geo. A. Fernald * Co., Boston„100*80
K. H. Rollins & Sons, Boston.... 10 1*916 S. A. Kean, Chicago.
100*10
101-69
Estabrook & Co., Boston
E. C Stan wood & Co., Boston.. .100*00
Thompson.'Tenney
New York
J.
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years.
0. Marlon), Iowa.— Bond Sale.— On
Sept. 8 the $60,000 %%% 5-10-year (optional) funding bonds
described in the Chronicle Aug. 23, were awarded to Farson, Leach
Co., Chicago, at 98*50.
Lorain, Ohio.— Bond Sale.—The highest bid received Sept.
15 for the $32,000 4% 15-year water bonds described in the
Sons, Boston,
Chronicle Sept, 6 was that of E. H. Rollins
at 101 "777 and interest. The bids follow
E. H. Rollins & Sons. Bost. .132.568 64 New 1st Nat. B'k. Columbus. $32,035 00
32.005 00
Feder. Holzman & Co.. Cin.... 82,192 00 Seasongood 4 Mayer. Cin
H. E. Weil & Co., Cincinnati. 32,042 00 F. D. Fuller* Co.. Cleveland. 31.680 00
Los Angeles, Cal.—Bond Election Postponed.—The election which was to have been held on Sept. 17 to vote on the
issuance of $2,180,000 S%% bonds for schools, sewers and
bridges has been postponed until October 29. This was done
in order that a decision may be obtained in the Supreme
Court in a test case to determine] whether the limit of in-
Linn County (P.
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of Nebraska.
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coupon street-improvement bonds, maturing one bond for $226 each
year from March 1, 1901, to March 1, 191z, and one bond for $100
March 1, 1913.
8,760.6* coupon sewer bonds, maturing one bond for $800 eacn year from
March 1, 1904, to March 1, 1907, and one bond for $560 March 1, 1908.
$2,125 6*
Lugonla School District,'San]Bernardino Connty,]Cal.—
Bonds Voted.—The election held Sept. 2 to vote on the
question of issuing $15,000 5% 6 20 -year (serial) bonds for a
school house resulted in 16 votes (the total cast) being in
favor of the bonds. Denomination, $1,000.
McEinley School District, Fresno County, Cal.—Bond
Sale.— An issue of $2,000 bonds has been sold at 103-75.
Mansfield, Ohio.—Bond Sale.— On Sept. 15 $4,750 of the
$9,000 5% 1-3-year (serial) street-improvement bonds described in the Chronicle Sept. 6 were awarded to the Mansfield Savings Bank at 100-369.
Marietta (Ohio) School District.— Bond Offering.— Proposals will be received until 12 m., October 6, by L. P. Hill,
Clerk Board of Education, for $20,000 4%i building- fund
bonds. Date, Sept. 10, 1902. Denomination, $1,000. Interest semi-annually at the First National Bank, Marietta. Maturity, §2,000 yearly on Sept. 10 from 1921 to 1930, inclusive.
Authority, Sections 3991, 3992 and 3998, Revised Statutes of
Ohio, and a resolution passed by the Board of Education
July 12, 1902. The official circular states that the district
has never defaulted in the payment of interest.
Marion Township, Lawrence County, Ind.— Bond Sale.
On Sept. 15 an issue of $15,254 A.%4 gravel-road bonds is said
to have been sold to the Citizens' National Bank of Bedford
—
at 102-36.
Marshall, Texas.— Bonds Voted.—This city on Sept. 4
voted to issue $25,000 4% 10-40 year (optional) water-works
Marshall County (P. O. Warren), Minn.
—Proposals will be received until
B
nd
Offering.
by A.
B. Nelson, County Auditor, for $75,000 4%% ditch bonds.
Authority, Chapter 258 of General Laws of 1901. Denomination, $2,500. Interest May 1 and November 1 at the First
National Bank of "Warren. Maturity, $7,500 yearly on November 1 from 1903 to 1912, inclusive. A certified check for
$1,000, payable to A. B. Nelson, County Auditor, is required.
Blank bonds to be furnished by purchaser. Assessed value
of real and personal property, $3,466,772; total indebtedness
Aug. 26, 1»02, $47,000; sinking fund, $10,771; floating in1
p. m.,
October
15,
debtedness, $8,000.
Middlesex County, N. J. Bond Sale.—Oa Sept. 17 the
$149,900 3*4% bridge bonds described in the Chronicle Sept.
Co., New York, at 101'37.
18 were awarded to N. W. Harris
Midland, Mich.—Bond Sale.—On Sept. 10 the $20,000 4%
refunding water and the $2,000 4$ refunding pavement bonds
described in the Chronicle Aug. 30 were awarded to Thos.
J. Bolger & Co., Chicago, at 100'457. Following are the bids
Thos. J. Bolger & Co., Chic. ..$22,100 55 Thompson, Tenney & Crawford Co.. Chicago
Noble, Moss & Co., Detroit... 22.026 00
$22.000 00
MaoDonald,McCoy& Co., Chi. 22,000 00 S. A. Kean. Chicago
22,000 00
Montpelier, Ohio.—Bond Offering.— Proposals will be received until 12 M., October 6, by J. A. Weaver, Village Clerk,
for $3,000 5$ park-improvement bonds.
Denomination,
Date, Oct. 1, 1902. Interest, January 1 and July 1.
$1,000.
Maturity, Oct. 1, 1922. Authority, Section 2837 of the Statutes of Onio. Accrued interest is to be paid by purchaser.
Moro School District, Sherman County, Ore.—Bond Sale.
This district has sold an issue of $4,000 6% 20- year school
bonds to L. Barnum of Moro at 100*625.
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Murdock, Fairriew, Lincoln and Sycamore Townships,
Election. The St. Louis "Globe Democrat" con-
Kan.— Bond
—
Newport, Ky. Loan Authorized. The City Treasurer has
been authorized to borrow $10,000 to replenish the [street,
poor and officers' funds.
Niles, Ohio.— Bond Offering.— Proposals will be received
until 12 m m Oatober 8, by Daniel Casey, City Clerk, for the
following bonds
Lowden, Iowa. Bond Sale.— Thisjplace sold some weeks
past an issue of $3,500 5% improvement bonds to August PeDate,
Denomination, $875.
terson of Lowden at par.
Aug. 11, 1902. Maturity, July 10, 1906, subject to call at
any time.
bonds,
Grove, Neb.—Bond Offering.—Proposals will be
received until 12 m., September 26, by A. L. Stewart, Village Clerk, for $6,400 5# cQupon water bonds. Denomination, $800.
Date, Oct. 1, 1902. Interest annually on September 1. Maturity, Oct. 1, 1922; optional after five years.
certified check for $500 is required.
Authority, Chapter
14, Article 1, Section 69, Subdivision 15, Compiled Statutes
debtedness has or has not been reached.
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LXXV.
Napoleon, Ohio.— No Bids Received.— No bids were received on Sept. 13 for the $9,000 4% paving bonds described in
the Chronicle Aug. 30.
Newark, N. 3.—Bond Sale. -On Sept. 17 the $500,000 Z%i
30-year city-hall and the $100,000 3%% 30-year school bonds
described in the Chronicle Sept. 13 were awarded to Farson, Leach
Co., New York, at 103-975— a basis of about
3-291$.
Polio wing are the bids
Farson, Leach & Co., New York.103'975 P. T. White. Mgr
101*899
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—
tains the following
EL Dorado, Kan., Aug. 20.— Petitions signed bytherequirednumberof taxpayers were presented to the County Commissioners to-day asking that they
oaU elections In Murdock, Kairvlew, Lincoln aud Sycamore townships to vote
bonds to the Topolobampo Railroad [the Kansas City Mexico & Orient Ry.]
The amount asked is $"»e,500for thirty-one miles of road In these townships.
The election was called for Ootober It. If the road is built along survey it
'Will miss El Dorado by about eight miles.
Interest, semi-annual. An unconditional certified check
for $200 is required with bids for each issue.
Proposals will also be received until 12 m„ October 10, by
the above-named "Village Clerk, for $2,000 5% coupon streetimprovement bonds. Date, Aug. 1, 1902. Interest, semi-
annual. Maturity, one bond $400 each year from Feb. 1,
Bids to be accompanied by
1904, to Feb. 1, 1908, inclusive.
an unconditional certified check for $200.
North Bend, Ohio.—Bond Sale—On Sept. 15 the $10,000
4% 30-vear sidewalk and the $10,000 4% 30-year street-improvement bonds described in the Chronicle Aug. 16 were
Co., Cincinnati, at 101-535
awarded to Feder, Holzman
and accrued interest. Following are the bids
Feder, Holzman &Co.. Cin. ..$20,807 00 W. R. Todd<for4^ per cents.. $20,300
(for* perceuts.. 20,100
Seasongood* Mayer, Cinoln. 20.010 00! & Co
&
:
I
North Milwaukee, Wis.—Bond Offering,— Proposals will
be received until 8 p. m., September 22, by W. E. Chase,
Village Clerk, for $30,000 5% water-works bonds. DenominaDate, Nov. 1, 1902. Interest annually at office
tion, $1,000.
Maturity, $1,000 yearly from Nov. 1,
of Village Treasurer.
1907, to Nov. 1, 1909, inclusive; $2,000 yearly from Nov. 1,
1910, to Nov. 1, 1918, inolusive; $3,000 yearly from Nov. 1,
Certified check for $1,000,
1919, to Nov. 1, 1921, inclusive.
payable to E. D. Coddington, President of the Village, is required.
Paducah, Ky.— Bond Election Proposed.— The City Council is considering the question of submitting a proposition
to issue street-improvement bonds to the amount of about
$200,000 to a vote of the people at the November election.
Palo Alto, Cal.—Bonds Voted.— This place on August 30
authorized the issuance of $28,000 water-extension and $12,000 electric-light-plant bonds.
Paterson, N. J.—Bond Sale.—Oa Sept. 15 the $76,000 4%
30-year city-hall bo ads described in last week's Chronicle
Co., Cleveland, at 102*57.
were awarded to Denison, Prior
special election will be
Piqua, Ohio.—Bond Election.
held in this city Sept. 25 for the purpose of submitting to the
voters the question of issuing $10,000 bonds for a new building for the fire department.
Pittsfleld, Mass.— Bond Election.—The Council has passed
a resolution providing for an election to vote on the question
of issuing $100,000 street-paving bonds.
Platte, S. Dak.— Bond Offering.— Proposals will be received until October 6 by W. F. McCall, Town Clerk, for
$6,500 5$ water-works bonds. Date, Oct. 6, 1902. Interest
semi-annually at Platte, Chicago or New York Exchange.
Maturity, 15 years from date; optional after five years.
Pleasant School District No. 1 (P. O. Emery), Hanson
County, S. Dak.—Bond Offering. -Proposals will be received
until October 10 by Frank Taylor, District Clerk, for $2,500
5g bonds. Interest, annual. Maturity, $500 in five years,
$1,000 in ten years and $1,000 in fifteen years,
Port Huron, Mich.— Bond Sale.—On Sept. 12 this city sold
$42,000 4% 20 year general road and re-paving bonds to F. L.
Co. of Cleveland at 100-349. Following are the bids:
Fuller
Fuller
4
Co.. Cleveland.$13,150 00 St. Clatr Co. 8avlngs Bank
F. L.
$ 4 2*2222°.
Port Huron
Uenlsou, Prior * Co.. Cleve.. 43,087 00
W.J. Hayes* Sons. Cleve.... 43.008 00 First Nat. B'k, Port Huron. 43.000 00
Puyallup, Wash.— Bonds Defeated—On Sept. 9 a majority
of the citizens voted against the proposition to issue $12,000
sewer bonds.
Bayne, La.—Bond Sale The $20,000 5-t water and light
bonds mentioned in the Chronicle Aug. 9 have been awarded to C. H. Coffin of Chicago at 100*055.
&
—A
&
.
—
— —
Septembbr
— —
Reedsbnrg (Wis.) School District.— Bonds Voted.— This
on August 15, by a vote of 196 to 42, authorized
the issuance of f 80,000 i% high-school-building bonds.
Rochester, Pa.— Bonds Defeated.—This borough has de-
feated a proposition to issue $50,000 sewer and paving bonds.
Rowe, Mass.— Note Sale.—This town on August 28 voted to
borrow $8,000 for bridge construction. The loan has been
negotiated with the Franklin Savings Institution of GreenThe notes will mature $500
field at i% serni- annual interest.
yearly on July 1 from 1903 to 1908, inclusive.
Rnshford, Minn.— Bond Offering.— Proposals will be received until 7 p M,, Oct. 1, by C. O. Aim, City Clerk, for
$2,000 4* 11 and 12-year electric-light bonds. Denomination,
Date, Sept. 80, 1902. Interest, annual.
$1,000.
San Bernardino, Cal.—Bond Election.—-The City Trustees
have decided to submit the question of issuing bonds for
water purposes to a vote of the people.
Sandusky, Ohio.— Bond Sale.— On Sept. 15 the $45,000 4g
15-34-year (serial) real-estate and the $8,000 4<E 10 year general
refunding bonds described in the Chronicle August 30 attracted the following bids
:
R. Klevbolte & Co.. Cincinnati
New First National Bank, Columbus
46,63350
45,615 00
W.J. Hares &
45,459
46,455
45,227
45,160
45,150
45.057
Sons. Cleveland..
Denlson, Prior A Co., Cleveland
Seasongood & Mayer, Cincinnati.
Feder. Holzman A Co.. Cincinnati
The
$8,000 Bonds
$8,123 68
8,182 00
8,089 70
8,049 00
8,020 00
$45,000 Bonds.
*ie,163 70
E.H. Rollins & Sons. Boston
N. W. Harris & Co., New York
& Co..
Cincinnati
Lamprecht Bros. Co., Cleveland
E, Weil
00
00
8,04100
00
00
00
8,002 00
8.022 00
8,010 00
00
8,01100
Wash.— Bond Sale.— On
Sept. 13 the $100,000 20Seattle,
year library- site bonds described in the Chronicle Sept. 6
Co., Chicago, at 101 -83 for
were awarded to N. W. Harris
4 per cents.
Solvay, N. Y. Temporary Loan,— This village on Sept. 15
voted to borrow temporarily the sum of $8,000. The loan
will be negotiated with one of the local banking institutions.
Stevens Point, Wis.—Bond Sale.—It is stated that $5,000
of the $22,000
10 20-year (optional) sewer bonds offered but
not sold on May 19 have been awarded at private sale.
631
District, DeEalb Connty, 111.—Bond
this district recently sold $3,000
5% bonds to local investors.
are advised that this borTaylor, Pa.— Bond Sale.—
ough has sold $14,000 b% sewer bonds.
Throckmorton County, Texas.—Bond Sale.— The State
Board of Education has purchased an issue of $16,000 re-
Sycamore School
Sale.
—We are advised that
We
funding court-house bonds.
Tonawanda, N. Y.— Bonds Voted —At the
Sept. 4 the question of issuing $30,000
bonds carried by a vote of 86 to 22.
election held
water-improvement
Topeka, Kan. Bonds Authorized.—The City Council; has
authorized the issuance of $20,837 11 5% internal -improvement bonds. Denomination, $1,000, except one bond for
$837 11. Date, July 1, 1992. Interest semi-annually in New
York City. Maturity, $2,837 11 July 1, 1903, and $2,000
yearly thereafter from 1904 to 1912, inclusive.
Topeka (Kan.) School District.— Bond Election.—The
question of issuing bonds for new school buildings will be
voted upon at the November election.
Troup County, 6a.—Bond Election.—This county will vote
in October on the question of issuing $35,000 court-house
bonds.
Union, Broome County, N. Y. Details of Bond Offering.
—Proposals will be received, as stated in last week's Chronicle, until 5 P. m,, Sept. 24, by the Board of Village Trustees,
at the office of A. Ray Humphrey, Village Clerk, for $10,500
3i£g firemen's hall and municipal-building bonds. Date,
Nov. 1, 1902. Denomination, $500. Maturity, one bond
yearly, beginning July 1, 1904. Interest payable annually at
the City National Bank of Bingham ton, N. Y.
Yictoria County, Texas. Bonds Registered. On Sept. 5
the State Comptroller registered $1,900 refunding bridge
bonds.
Wakefield, Mass. Bonds Authorized. The issuance of
$60,000 V%H> sewerage bonds has been authorized. These
bonds when issued will mature $1,000 yearly for the
first twenty years and $2,000 yearly for the next twenty
—
&
—
H
years.
—
Warren (Borough), Pa.—Bond Offering.— Proposals will
be received until 12 M., Sept. 25, by T. O. Slater, Chairman
Finance Committee, for $20,000 4g 10-30-year (optional) pay-
Srrarthmore, Pa. Loan Authorized. The Council has
authorized a loan of $20,000 for improvements, interest being
limited to l%i.
NEW
—
THE CHKON1CLE.
20, 1902.]
district
H.
—
INVESTMENTS.
MASON, LEWIS & CO.
LOANS.
$33,000
WEST
CLARKE COUNTY, GA,
BONDS FOR SALE.
BANKERS,
VIRGINIA
CHICAGO,
DEBT.
Sealed bids will be received at Athens, Ga., up to
12 O'CLOCK NOON OF OCTOBER 15th, 1902, by
the Commissioners of Roads and Revenues of
Clarke County for $33,000 of Clarke County, Georgia,
bonds. Said bonds 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 bonds will be sixty-six in
number, each of the denomination of Five Hundred
Dollars, and will bear interest at the rate of four
per cent per annum 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 the first days of January
and July. The bonds are to be redeemed as follows:
Three bonds on the first day 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
Notice
is
hereby given that
Brown Brothers
&
BOSTON,
60 t>evon«hlr« St.
iHonaJneck Building,
MUNICIPAL
RAILROAD
CORPORATION
Choice Isaae*.
Co. will reStreet
ceive deposits of Virginia deferred certificates up to
BONDS*
Railway and Gag Companies.
LIST ON APPLICATION.
Septem-
ber 25th, 1902, after which date
FARSON, LEACH &
00.
a penalty will be imposed in an
;
1st, 1923.
Said bonds have been duly validated under the
laws of the State of Georgia.
The assessed value of property in Clarke County
Is $6,606 337 and the real value about $8,500,000.
Bids should be directed to the undersigned, and
must be accompanied by a certified check for $2,000.
which will be returaed in case of non-acceptance of
bid. Right is reserved to reject any and all bids.
H.
C.
ERWIN,
amount
to be fixed by the
Public Securities,
com-
mittee.
BONDS
Savings Banks,
ALLEGHENY COUNTY,
Trust Funds,
Individuals.
Rudolph Kleybolte
NASSAU
ST..
&
NEW YORK
Co.,
CITY
MUNICIPAL
AMD
Public
Service
E. H.
2
8
Sept. 1, 1927
Sept. 1,1928
BOSTON.
San Francisco.
Sept.
4
5. 6, 7,
8... Sept.
9.10,11.12.. Sept.
1,
1,
1.
1929
1930
1931
The Borough Clerk will furnish any further information desired, and will receive proposals until
OCTOBER 1ST, 1902. The right to reject any or
bldg
is
reserved.
R. F.
Address,
EMERY, Borough
Clerk,
Edgewood Park, Allegheny Connty, Pa.
Corporation
ROLLINS & SONS
Denver.
maturing as follows:
No. 1
Sept. 1, 1926 No.
MUNICIPAL BONDS.
E. C.
121
STANWOOD &
CO.,
BANKERS,
Devonshire Street,
BO8TON.
Kidder
&
Co.,
LA SALLE STREET,
CHICAGO.
Municipal Bnildinsr and Fire Improvement Bonds.
all
BONDS.
184
PA.,
The Council of the Borough of Edgewood will
receive proposals for $12,000 Municipal Building and
Fire Improvement Bonds (conpon) in denomination
of 81,000 each, dated September 1st, 1902— interest
four per cent, payable semi-annually. The bonds
S.
BONDS,
B0R0UQH OF EDGEWOOD
Trust Companies,
1
Chas.
$13,000
SUITABLE FOR
BOSTON.
YORK..
PHILADELPHIA.
JOHN CROSBY BROWN, Chairman.
ROBERT L. HARRISON, Secretary.
Clerk.
NEW
CHICAGO.
Blodget, Merritt
&
Co.,
BANKERS,
16
36
Congress Street, Boston.
NASSAU STREET, NEW YORK.
STATE, CITY & RAILROAD BONDS.
The cheapest that are good;
the best at the price.
BONDS AND STOCK
CERTIFICATES
partly lithographed and pnrtlj printed ; finished in a few
days; handsome designs; must lie seen to be
appreciated. Send for samples.
N
ALBERT B. KING &c CO.,
Engravers and Lithographers,
105 William
(Telephone Connection.)
St.,
New Torlu
—
—
THE CHRONICLE.
632
Interest
Denomination, $1,000.
ing and curbing bonds.
April 1 and Oct. 1 at the office of the Borough Treasurer.
Bonds are free from State or municipal taxes.
Warren County School District So. 11, Township No. 12,
Range No. 2, W. Fourth Meridian (P. 0. Alexis), 111.—
Bond Sale.— On Sept. 15 the $5,000 6% bonds described in the
Chronicle July 26 were awarded to T. J. Bolger & Co., Chicago, at 107 80. Following are the bids
.
—
.
Thompson, Tenney
&
.
Craw-
ford Co.. Chicago
:
& Co., Chicago. »5,244 CO
5,21000
Denlson. Prior & Co., Cleve... 5,226 50
5,20000
S. A. Kean. Chicago
Wm. C. Little & Bro.. St. L.... 5,162 60
5.150 00
F. U Fn Her * Co., Cleve
N.
W.
Harris
Joint School District No.
Bank of Alexis
—
BON
Qaotauoni famished
&
Co.,
BONDS.
171
La Salle
for purchase, sale or
Street, Chicago.
gtna&zx
523 Western Union
Sc
Netting from
SEND FOR
Mexican Government and State Bonds.
CHOICE OKLAHOMA
FIRST
Wlnne
St.,
T. B. POTTER,
MUNICIPAL and BONDS,
F. R.
&.
WICHITA, KANSAS
this paper.
1
S
J
AC
Aw
N N
¥
™,
SPECIALTIES.
A E
L,
THE AMERICAN
MANUFACTURING
COMPANY,
63
WALL STREET, NEW YORK.
HIUB-(2KADE
3*
MINNESOTA BONDS,
WAS AWARDED AT THB PARIS XPOBTTION TO
WHITING'S STANDARD
Yielding 4M* Net.
Correspondence Invited.
PAPEES.
ever received this— the highest nonor that can be
Donfen-ed.
It means they are the most perfeot
made. Insist on having them for your line oorrei
pondenoe and your office stationery. Are yon nslns
whiting's ;Ledger Papers In you Blank-Book
Samples and booklet free.
And
150
Duane Street, New Yoee.
POWELL
& CO.
B.
Woodstock, Vermont.
HAJtRY
They are the only American papers whloh have
Municipal Bonds,
WHITING PAPER COMPANY,
171 LA 8ALLE STREET,
HOli YOKE. MASS..
CHICAGO.
WINNE,
OT
S
ILL*
•
RONDS
FULTON & CO.,
WINNE
Building,
CORDAGE
DVJls ^°
Send for our Investment Clroulars.
latest offering.
TRANSMISSION ROPE.
CORPORATION
Buildinq,
CHICAGO.
MORTGAGES
Send for booklet and
Mention
Z% to 6£ always on hand.
115 Dearborn
St*
NEW YORK.
BQ8TON.
CLEVELAND.
•
Salle St.
Broad Exchange Building, 25 Broad
LIST.
DENISON, PRIOR & CO
®0. t CHICAGO,
DUKEM.FARSON&CO.
-^
all
CHICAGO.
Cbtcaoo, Wltnois.
and
100-00
10000
On Improved Farms
Selling the Investor 6 per cent Interest.
THE GRAND PRIX
MUNICIPAL
100'28
lOu-070
lOO'OO
For
,
Countelman Building 238 La
LIST ON APPLICATION.
CORPORATION
Sewer Bds.
10C69
Bel.*.
INVESTMENT SECURITIES,
172 Washington Street,
1. &rii0ljcl
100-65
100 43
exohange
INVESTMENT BONDS.
AND CORPORATION
MUNICIPAL
100 29
INVESTMENTS.
INVESTMENTS.
W. HARRIS & CO., Geo. D. Cook Company,
Oldest Bond House In Indiana.
Prices and circulars upon application.
MacDonald, McCoy
800-
800
600
600
600
500
500
400
10003
1
DS.
900
—
and savings.
188 UM TBAVSLXBS LXTTBB8 OM CBMDI1
A VAILABLK IN ALL PABTB Or THE WORLH
CORPORATION
100
Yorkville School District, Town of Whitestown, N. Y.—
The Trustees will receive bids at the school
Offering.
house until 7:30 p. M. Sept. 24 for $3,600 school-house bonds,
to run five years.
Bond
for trust funds
MUNICIPAL
RAILROAD
Assessment Bonds. Library
Yonkers Savings Bank
Geo. M. Hahn, New York
O'Connor 4 Kahler. New York
S. A. Kean, Chicago
BANKERS.
FOR SALE, HIGH-GRADE
1
2,700
2,000
1,200
1,000
4,000
3,000
—
31 and 33 PINE ST., NEW YORK.
BOSTON
CHICAGO.
Municipal,
In
Deal exclusively
Railroad and other bonds adapted
Indianapolis, Ind.
$1,500
—
—
BANKERS,
Mazomanie and Black Earth, Bane
Woodstock, Ont.— Debentures Not Sold. All tenders received Sept. 15 for $10,000 4$ 20-year electric-light debentures of this city were rejected and the bonds withdrawn
from the market for the present.
Yakima Coanty (Wash.) School District No. 7.— Bonds
Proposed. This district proposes to put out $30,000 bonds.
The County Treasurer writes us that, it is doubtful whether
or not the bonds will be issued this fall.
Voukerg, N. Y.— Bond Sale.— On Sept. 17 the $3,000 i% assessment, the $12,000 A.% library and the $7,000 4$ sewer bonds
described in the Chronicle Sept. 13 were awarded to the
Yonkers Savings Bank at lOO^, 100*65 and 10059, respectively.
Following are the bids :
—
N.
village of
County
Webster Groves, Mo. --Bond Election. An election will be
held in this city to vote on the question of increasing the
amount of bonds to be issued for water purposes from $25,Interest to be at
000, the amount first proposed, to $50,000.
the rate of 4%.
West brook, Cottonwood County, Minn.— Bond Offering.—
Proposals will be received until 8 p. m., Sept. 29, by Jno. E.
Villa, Village Recorder, for $7,000 5% coupon water works
bonds. Interest semi annually at St. Paul, Chicago or New
York, as desired by successful bidder. Maturity, one bond
of $1,400 each third year from date of issue. Blank bonds to
be furnished by purchaser. Authority, Chapter 200, General
Laws of Minnesota 1893. Aesessed valuation of property,
$91,341. No bonds outstanding.
West Dulnth, Minn.— Bonds Proposed. An ordinanoe recently introduced in the City Council provides for the issuance of $140,000 A% 30-year water bonds. It is stated in local
papers that the question of issuing these bonds will probably be voted upon the latter part of October.
West Manchester, Ohio.— Bonds Voted.— This place recently, by a majoiify of 49 in a total vote of 105, authorized
the issnance of $17 000 water-works bonds.
TV hlte Plain?, N. Y.— Bond Offering —Proposals will be
received until 8 p. m., Sept. 29, by tbe Board of Trustees
John J. Brown, President for $24,000 i% sewer bonds. Date,
Sept. 1, 1902. Authority, Chapter 609, Laws of 1887. Denomination, $1,000. Interest, March 1 and Sept. 1. Maturity, $4,000 yearlv on Sept. 1 from 1924 to 1929, inclusive
J.
2,
School District No. 4, Clyment, Dodge County
School District No. 3. West Sweden. Polk County
Joint School District No. 6. town and village of Bellmont, Lafayette Co.
School District. No. 2, Wheaton, Chippewa County
School District No. 6, Siegel, Chippewa County
Village bonds of the village of Westby, Vernon County
Special loan to the town i>f Asoen, Wood County
Joint School District, towns of Kenca and Georgetown, Price County...
School District No. 4, Bose, Waushara County.
School District No. 2, Weyauwega, Waupaca County
School District No. 5, Colburn, Adams county
School District No. l.Mayvllle, Clark County
School District No. 2, Fountain. Juneau County
School District No. 2, Pleasant Valley, Eau Claire County
School District No. 5, Richfield, Wood Count*. ...
School District No. 5, Millston. Jackson County
5,251 00
INVESTMENTS.
F. WILD & CO.,
LXXV.
Certified check for 5$ of the face value of the bonds required.
Peter Paulding is Village Clerk.
Winton Place, Ohio.—Bonds Defeated.— At an election
held on August 16 the question of issuing $30,C00 street improvement bonds was voted upon and defeated.
Wisconsin. School Loans. The State Commissioners of
Publio Lands on Sept. 5 announced the approval of tbe following applications for loans for schools and other purposes.
The aggregate so approved was $22,200
:
T. J. Bolger & Co.. Chicago.... $6 390 00
G. M. Becntel 4('o., Dav'p'rt. 6.M0 00
Geo. M. Brinkerhoff, Sp'gfld. 5,326 60
5.301 00
first Nat. Bank. Barnes vili e
5.265 00
W.J. Hayes* Sons. Cleve
[Vol.
VICKERS & PHELPS,
15
New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD
Wall Street
BONDS.
@FedFRASER