Full text of Commercial and Financial Chronicle : September 6, 1902, Vol. 75, No. 1941

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

.

.

inanri

mranercfl
Entered according to Act of Congress, in

VOL.

tlie

year 1902, by the William B.

SATURDAY, SEPTEMBER

75.

CLEARINGS—FOR AUGUST
ALSO SINCE JANUARY

1,

1902

1902

1902.

Philadelphia....
Pittsburg

Baltimore
Buffalo

Washington
Albany
Rochester
Scran ton
Bvracnse

Wilmington
Blnghamton
Greensburg
Chester
Frederick
T**al Middle..

Boston
Providence
Hartford
Springfield

Worcester
Portland

$
448.741.233
142,318,471
86,190.782
25,223.754
8,925,769
14,121,712
8.003.384
5,226.281
4,676,634
4,174.984
1,303,300
1,592,377
1,188,285

6,595,9S8,158

5.4«'.3.339

3.357.861
2,003.677
1,880.425

Holyoke

1

Cincinnati
Cleveland.
Detroit

492.458

566,525.929
640,768,458
82.494.550
IU.878,835

43451,769

Milwaukee
Columbus

28.3.37,191

Indianapolis

Peona
Toledo

Grand Rapids...
Dayton
Evansville

Akron
Springfield,

111...

34.653.900
20 317,475
11.010,441
15 469,198
6.735.595
6.124.852
5.050.539
2.750.900
2.341.333

Lexington

1.9 '6.290

Younastown
Kalamazoo
Bock ford.

2,329,3^0
2,074,700
1,858,533
1,928,706
1,493.547
1,152.210
983.473
798,149
845,646
664,584

Canton
Ohio
Bloomington
Quincy
Bpringfleld,

ManstJeld
Jacksonville, 111.
Jackson, Mich...

Ann Arbor

Total M. West.

Ban Francisco...
Los Anueies
Bait Lake City...
Seattle

Portland
Spokjuie

Taooma
Helena.

Fargo
Sioux Falls
Total Pacific.

Kansas City
Minneapolis

Omaha
Bt.
Bt.

Paul
Joseph

Denver
De« Moines
Bionx City
Topeka.

Davenport
Wichita
Colorado Springs

Fremont
tm. other

West

Louis
New Orleans
Bt.

..

Louisville

Houston
Galveston

Richmond
Savannah.'.

Memphis.
Atlanta.
Nashville

Norfolk

Augusta
Fort Worth....

Birmingham

..

Little Rock....

Macon

Total South
OtofcU all.

Toronto
Winnipeg
Halifax

Hamilton
Vancouver
St. John
Viotoria.

Twtal Canada..

+5'2
+24-7
-1-0
4-8'2
4-24-7

+ 16-1

1901.

$

49,321 ,459.052 55,746,132.290
3,852. 273,121 3,672;739,633
1,430, 248,493 1,405,896,729

798, 805.334
193, 740.168
124, 794,435
113, 985.645
92. 927,371
48, 424.248
44. 385.89'
88, 013.705
12. 302.400
13. 773,489

11 885,980
5,

592.857

ALSO SAME WEEK

Week ending August
Dec.

— 11-5 New York

198.001,940 —22
95,456,348 +80-7
104.859,468 +8-7
79,968,250 +16-2
7-5
45,042,974
40,398,489
32,809,238 +159
13,119,400 —6-2
12.682.895 +8-6
10,572,558 +12-4
5.141,994 +8-8

618,141,281
73,768,500
02,322,562
55,818,143
25,929,594
27,133,800
17,017,198
9,747,15"
11,878,290
5,835.251
4,824,331
4,036,266
2,501,000
2,271,970
1,935,731
2,009,895
1,754,900
1,378,843
1,505,048

+105
4-7-9

+41

—22-2
+9-3
+27-7
19-4

--13

302
154
269
-

-251

100
+3-1
+1-6
+15-9
+18-2
1-5

+281

l,24ri,965 4-19-6
r
1,135, 12

1,065,056
215,i

±8

83 +270

795,687 +6-3

—10
+19
+4» 8,278,676,705

935,218,391

107.835,114
19.147.824
15.249.326
16.760.388
11.144.818
6.709.230
5.945.993
2.318.990
1,495.669
972.980

102,912.283 +4-8
11,720,222 +63-4
14,419,340 +5.8

187,580,332

+131

13,033,544 -t-28-6
9,401,049 --185
4.778,854 -^0-4
29-4
4,594,792
r
2,915,04 --20-5
146
1,304.366
156
841,822

165,921,325

80,031 293 +6
47,754 S25 --2-8
27,198 488 --2-9
19,180 ,676 +18-7
22,700 431 -181
19,407 813

—69

6,569.,792

+311
+283

4,640 ,352
5,203 342 —32
4,738 012 —26-2
2,387 322 +04
8,580, 885
767. 675

—190

19-9

+5-7

+003
--14-5
-22-3
--14-0
--22-9

+7-0
+42-9
- -190

124

+403
17-8
14-1

-3-7
25717-8
18-4
--17-8

1,472,230,429 1,241,030,853

+186

--27-2
-13-9

—19-6

+239

590,350,279
336,589,521
215,957,928
159,848,743
155,588,501
149,741,854
54,039,948
42,244,879
36,794,533
34,040.838
18,255,529
31,028,696
5,153,828

+2-7 2.014,219,912 1,829,645,077 +101

174,774,427 +1-3 1.689,746,615 1,462,820,060 4-15-5
371,383,288 4-14-8
34,779,436 +17-0 424,497,244
34,686,619 +50 332,418,612
309,439,502 +7-4
16,537,545 +35-6
129,197,633 +3T8
178,022.8. *)
13,434,000 +1-9
116,642,500 -31
112.994,000
+15-1
13,846,140
134,889,858 +55
142,280.439
9,701,582 +215
109,682,775 -73
101,693,003
8,572,042 —96
96,593,091 +36
100,055,601
6,926,419 +176
66,827,919 4-16-3
77,148,829
6,419,516 +2-9
51,541,957 4-11-4
57,430,905
4-1-2
5,357,677
47,450,947 +26
48.687,037
3,166,379 -0-6
39,903,769 -8-1
36,678,038
5,494,231 +18-0
47,443.329 +02
47,530,677
3,420,226 +22-8
80,449,593 +186
36,121,186
2,505.174 4-20-5
20,416,799 -H29
29,186,793
—3-8
2,344,000
21,560.000 +0-1
21,591,000
2,619,283 +265
21,275,923 +180
25,113.4 ill
1,856,130 +16-6
15,104,921 +17-2
17,708,568
1,380,747 -2-7
10,519,511 4-23-4
12,982.745
+6-9
347,821,07.
3,491.887.118 3,102,648.375 +12-6

91,712,801
63,888,298
13,750,885
7.318,069
3,31*4,132

4.389,036
3.613,380
2.262.450
190,239,051

+ 12 76,594,470,65; 81,408,308,750 — 5-9
+ 2-5 27,273,011,605 25,662,176,460 + 6-3

71,723,933
49,253,333 - -297
9,324,765 -47'5
8,421,843 -131
3,149,885 +4-9
4,498,485 —24
4,103,401 -11-9
2,441.505 —73

710.954, 040
532,384, 722
104,699, 266
59,170, 392
27,525, 304
34,108, 414
2;, 902, 410
18,220, 532

577,143,561 +23-2
403,814,368 +31-8
68,022.4tU +53-9
57,960,798 4-2-1
27,374,850 4-7-9
29,791,661 +145
26,454,800 +1-7
21,210.472 -141

152,917,100 +a4'41 l,515,9u5,0oil 1.211,7<2,474 +25-1

tW

Holyoke
Total

New England.

Chicago
Detroit

Toledo.
Grand Rapids

Spriugfield,

III

Lexington
Rockford
Springfield,

O

Jacksonville
Qti'ncy

Total Mid. Western
Salt

Lake City

Seattle

Tacoma
Fargo

+25-8

244,166,906

4-27-91

River

--509

177,006,565
40.608.696
36.420.969
22.425,686
13. 692.000
15 931,139
11.790.496
7,752,499
8,148.681
6,606,211
5,421,408
8,146.214
6,485,296
4.184,814
3,019,826

371.819.515

Fall

+856

200,804,480

2.164,967
1,343.080

Hartford

7,478,279,401 +10-7

+14-0
+54-4
—2-1

625.140,338
411,857,028
236,585,965
182,258,&35
156,986,136
150,209,642
69,855,030
52,694,656
43,740,853
86,583,067
20.101,514
22,428.631
5,772,717

Total Middle

--177
--16-1
--17-4

&

$

955,256
2S7.500
317,258
390.491
615,684
679,168

+8-8
+22-3
--S26

752,401,131
102,886,947
116,059,706
84,619,862
71,118,609
35,189,510
37,789,658
23,196,007
10,890,767
6,934,650

857,551.305
158.851,031
113.635,498
114,742,986
90,467,073
53,116,700
42,990,725
18,657,508
13.495,274
8.722.329

Buffalo

— 9-9

658,287,850
468,635,189
353,476,248
209,430,275
215,154,200
129,376,982
78,336,883
78,396,912
46,441,154
40,462,335
33,531,606
19,466,300
17,604,130
17,475,636
14,309.226
14,301,106
11,789,228
11,748,315
r
10,810,97
9,055,008
9,890,814
1,992,531
5,725,060
5,011,236
2,406,054

710,128,600
495.383,702
353,594.480
227,892,409
263,143.700
171,596,135
89,713,488
95,906,612
52,961,973
49.731.131
89.477,891
22,595,500
20,665,276
18,695,814
20.448,872
17,020,848
13,250.349
16,485.924
12,730.727
11,328.957
9,527,022
7,118,827
6,743.331
5.932,663
2,834.795

1901.

1,370,876,095 l,125,a33,498
93,988,654
89,219/92
88.070,649
29,138,217
20,475,614
18,557,599
5,320,416
5,472,860
2,732.386
1,745,964
2,940,268
2,650,358
1,5H9.236
1,639,992
966.603
900,378
1,054,7*4
1,160,103

a

4-33;7 5,543,772.679 5,015,164,140

+11-

1902.

St.

Paul

Wichita.

Total other West'rn
Lonts
...
New Orleans

St,

26,770,857
2,986,677
2.309,971
4,346,351
3,526,505
1,385,609
1,350,625
431.524
302,726
193,690

Knoxviiie
Fort Worth

Birmingham

M

con

Little Rock.

Chattanooga
Jacksonville
Total Southern
Total all
Outside New York.

Montreal
Toronto
Winnipeg.
Halifax

,

lam lit n.
St. John
Victorw
VancouverQuebec
Total Canada
l

—28

+56-5

+109

—24

659,777,454
69.345.004
23.529,155
16,176.594
8.937,919
1,478,042
1,999,6)3
1,406.881

+7-3
—9-1
759,873 +24-5
—1-3
270,900
4-152
+27-1
-4-8

—2-8
—12-7
+8-3
+7-6
+12-0
+3-7
—11-1
+22-3

—127

—97

+27-6
—2-7
120,527,726
—1-9
140,089,084
15,595,650 4-13-7
-18-8
10,224,553
1-15-6
12,695,778
-14-3
5,084,130
-446
5,410,500
-327
3,207,184
-159
2,015.640
-646
1,988,739
+6-7
1,266,002
973,590 \ 1-25-7
-35-2
681,615
-33-4
452,925
-290
452,610
-32-6
334,752
-lfl-1
606,700
380,104
+96
+5-7
293,530
229,866 +47-9
864,861 +20-3
+2-3
171,133
229,305 -11-2
236,199 +122
+7-5
121,835
0-2
48,179
+111-7
85,000

729.557
956,545
700,860
300,700
253.995
§50.000

.......

93,368,347
112,763,993
12,341,850
6,929.299
10,793.207
5,028,756
4,627,400
2,531,951
1,710,038
8,257,048
975.000
846,441
682.664
347,738
355,267
3:38,253

406,300
330,000
228,141
244,692
268.144
140,018
207,420
217,888
100,000

+3-3
24,106,826 +11-1
4-2-5
hl3-5
-85-3
-29-6
-54-7
-43-0

65,000
165,636,508

163,855,515

20,281,683
1,803.754
1,576,852
1,723,388
2,616,897
838,970
866,643

20,012,532
2,681,584
1,711,916
1,520,232
1,558,539
1,440.682
884,771
498,567
247,659
89,649

265,907
111,471

43,604,535
17,814,650
10,796,178
6,379,302
4,961,726
4,039,119
4,278,919
1,562,094
693,559
1,324,160
1,293.112
548,727
112,205
600,000

36.924.680

+181

17,374,422
11,626,069
6.342,113
3,917,558
3,698,780
4.568,036
1,372,795
960,788
1,043.890
1,212,685
546,411
190,212
955,262

+25
—7-1
+06

30,666.897
15,174,484
9,671,936
6,190,648
3,631,462
8,763.295
3,387,831

54,403,751

53,889,021

37,655.803
8,930,417

37.865,511
7,508,176
7,146,061
3,833,000
5,040,281
1,973,467
3,227,022
1,618.258
1,326,019
1,206,304
1,098,315
631,406
539,477
1,876,921
780,000
395,000
454.130
345.189
275,000

—25-8

+26-61

+92

—6-3
+lS-8>
-27-81

+269

+04

H (-18-9

-o-i
—2-8
h321

-80-3

+53

—1-5

-30-6
-12-7

+2-4
-65 9
1 -36-3
4i5-8
-27-8

138,036,546
113.688,691
11,865,100
6,924.299
10,137,646
4,774,209
4,566,600
2,558,147
1,647,420
2,727,716
995.775
812,317
692,262
245,134
894,515
371,188
344,500
285,040
197,241
280,901
237.311
129,803

1

203,239,464

-41-0
—37-2
+1-1
—0-6

t
933,858,272
89,407,724
25,444.312
20,808,921
3,992,369
1,889,383
1,999,643
1,679,903
863,195
985,310
706,990
283,700
250,000
240,000

781,142,414 1,078,359,302
81,243,593
121,984,393
4,276,500
5,351,800
1,919,164
2,240,911
1,767,760
2,696,568
1,021,368
1,098,122
865,481
906,900
927,827
1,390,607
492,004
606,442
378,319
468,694
243,554
292,109
233.777
210,000

+26-5
+88-3

8,743,500
6,657.237
3,557,774
8,399,663
1,593,569
1,732.189
1,359,852
1,124,673
1,047,632
735,283
1,405,680
1,059,611
505,000
710,211
447,970
263.976

Augusta

1899.

2,914,718
2,035,131
2,345,456
2,721.133
895,685
944,792
581,521
239,362
140,056

7,13ii,247

Atlanta
Nashville
Norfolk

+30-3
+10-3

—

30.

$

+205

Louisville

Memphis

%

+21-8

1,541.250,042 1,279,171,436
103,221,201
106,154,316
5,007,100
5,737,900
2,171,519
2,004.801
1,482,578
1,377,258
1,151,528
1,028,750
1,412,919
1,361,695
1,124,409
1,264,853
662,741
541,682
371,592
425,788
320,766
355,319
351,152
275,364

209,994.178

30, 19Q2.

1900.

Dec.

4-11-4

Galveston

Houston
Savannah
Richmond.

Inc. or

284,734
339,088
484,451
713,729

117,277,505
137,428,224
17,728,150
8,354,034
14,674,306
5.811,312
7,821,100
4,255,274
2,335,406
3,273.282
1,350,751
1,223,141
921,153
604,038
583,452
443,871
680,400
417,374
310,281
339,362
438,508
174,987
203,637
264,960
130,953
45,654
179,968

19-41.

1901, 1900, 1S99.

—

Clearings at

In. or

+4'9
+1-7
814.860,259 —2-0

56,102,512,195 62,277,652,465

NO.

1902.

CLEARINGS— WEEK ENDING AUG.

1901.

547,417,558 —9-2 4.606,075.19 4,887,510,712 -5-8
25,907,600 —4-9
231.590,400 228,764,200 4-1-2
91,481,206 +3-7
94,008.890
9,546,956 4-7'4
6,346.5K4 +2-4
53,452.936 +10-5
59,087.814
4-24-1
48,882,630 --12-1
5,701,430
54,761,146
50.793,590 - -124
6,607,877 j-2-0
57,092,520
43,295,656 --110
5,377,891
48,039.560
+8-0
27,376,756 --21-0
3,107,640
33,138,040
19.895,210 —4-8
2,402,172 -16.6
18,939.633
15,475,508 +166
1,739,855 4-8'l
18,041,792
12.167,175 +8-2
1,294.843 4-15-3
13.169.806
615,450,401 —79 5,234,844.298 5,479,045,579 —45

3,060,989,568

Montreal.

— 7'»

5,681,960,342

7,990.5:58,438

.

—9'7
+9'6

1

Owlside N. Y. *.UK,097,310

.

4-31
+46'7

6;i4.506

8.953,012 370

.

-t-13'2

980 2J3.956

&3 14.408

Jacksonville, Flu

+17-8

2's3.722

2.2ii7,000

Knoxviiie
Chattanooga

IS'0
f—3'5

671,581
278,532

85.312,057
49.112,935
27.985.097
22.776.951
1S.598.472
18.071,278
8,610,711
5.951.719
5,035,944
3.498.355
2.395.899
2,900,000
615.062

1902.
ft

4,929,548,870

Fall Kiver
Jjowell
New Bedford....

Total N.Eng...
Chicago

Dec.

8

497,118.930
24.C42.600
10.353.184
li. 500.726
7,073.384
6,739.345

New Haven

1901.

432 995,199
167.706 384
97.555.920
26.015.715
13,096.564
12.851,830
4,815,98
4,917.107
5.204.830
1,349.200
1,643.994
1.482,549
637.148

1901.

6,

in the office of the Librarian of Consn-ess.

Eight Months.
In. or

5,816, fl45.nfi0

&770.676

AND

AND

August.
Omntrings at

New York

Dana Company,

581,33.2

1,096,1 17

806,190
851,306
937,052
534,364
121,423
46,766,107
25,872,984
8,947,592
6,682,063
2,300,000
8,000,000
2,927,942
2,862,205
1,240,126
1,054,657
1,060,206
916,865
610.704
479,269
713,414
741,400
551,000
854.385
262,751
175.000

29.652,131
13.391.849
8,399,524
5,513,913
3,578,109
3,663 777
3,101,293
1,052,541
891,171
1,028,663
505,268
608,180
110,889

41,744,175
28,271,318
5,153,973
7,640,286
2,800,300
3,509,859
2,347,863
3,992,721
1.896,555
1,064,861
1,107,954
873.817
696.226
574,195
787,447
671,836
412,000
255.149
311,889
182,098

-564
-298
—4-0
+8-4
58,252,560
50,998,333
76,639,537
83,066,477
2,049,596,488 1,770,311,864 +15-8 1,175,832.842 1,502.646,007
678,720,393
22,942,081
15,286.440
8,161,069
1,554,604
694,140
769,858
487,600
970.433
1,318.291
47,184,916

Table Clearings by Telegraph on page 478.

644,478,366
14,667,386
11,272,869
2,184.632
2,200,000
658,079
739.951
492.623
939.925
1.544.542
34,700,007

+58

+3-2
-146

L017.545

568,787.785
11,750,198
7,618,935
1.612,787
1.447,873
903,726
633,230
580,889
1,061,897

+360

24,750,676

25,619.535

-564
-356
: -447
-248

+55
4-40
-10

516,055,388
11.518,434

7,17945

1

1,647,639
1.331,778
696.963
718,961
640,203

THE CHRONICLE.

470

COUON PRODUCTION,

DISTRIBUTION*

AND MANUFACTURE.

more

[Vol,

clearly, forcibly

LXXV,

and unanswerably put tnan any

previous statement.

we are pleased to see that on the present
Our annual Cotton Crop and Spinners' Report, occasion he stamped the newspaper story that claimed
which we have praoued so many years, we give to-day he eald " that the strike was a private affair whioh
'*
he stamped that story
in a special Supplement, enclosed herewith to each did not concern the public
First of all

—

We

hardly need speak of its
of our subscribers.
merits, for they are well known and acknowledged

"the right and duty
great

the world over.

The Report

as a reckless fabrication.

covers, as usual:

(1)

Our

elaborate

State of

He

also said he recognized

of the Senators representing the

Pennsylvania to do whatever could

legitimately be done to end a str ke that so seriously

compilation of the yield of cotton in the United affects business and brings so much suffering to the
Mr. Baer
States for the year ending August 31 1902 ; (2) an women and children of the coal regions."
industry
of
spinning
cottonhistory
of
the
also
that
he
glad
showed
would be
to carry out thia
exhaustive
But he declared, what he has so many times
the United States for the same year ; (3) a similar wish.
review of the production of cotton goods in Europe ; before said, that the operators could not mine coal
(4) complete and detailed statements for a long series because the miners made demands upon them which
of years of the consumption of cotton and the produc- if yielded to would prevent their operating without
tion of cotton goods by the mills of the United States,
Great Britain, the Continent, and a briefer notice of

and because the State has passed a law prohibiting the employment of miners unless they have worked
minor
other
every
production
of
and
two years in anthracite mines. He added that the
the consumption
manufacturing State ; (5) elaborate compilations of ope ators have concluded therefore that duty to themcotton supply and distribution, besides divers other selves and to the public will be best served by their
matters connected with and throwing light upon the adhering fi r mlv to the folliwing prooosiHo: p.
" One.— That the wages paid in the anthracite ooal regions are, comyield and uses of the staple, past, present and prospective
Special interest will be felt in the

report

of the

when we

European

section

state that the portion of

it

which relates to spinners' doings in Great Britain and
on the Continent has been prepared by our Manches-

He

has givin a very clear account
of the course and results of cotton manufacture during 1901 02 in every important European State, and
the prospects for cotton consumption in those co mNo one is better equipped
trie8 the coming year.
ter correspondent.

and we are confident that
planters and spinners will find a study of his facts and
opinions not only a pleasure but decidedly helpful.

than he

is

for that

work

;

-v

ooal str

k has entered upon another phase
i

pared with the wages paid In like employments, fair and ju-t. and that
men willing to work honestly can earn more -ninnny on the present
basis of wages than In any other indu-try engaged in pi oduoing common articles of necessity in the United States.
"Two.— That wages cannot be increased without Increasing the price
of coal, and to increase the price of coal will restrict the ma- bet and
drive the public to use bituminous coal, a cheaper and more abundant
fuel, and thiit a restricted market will curtail production and result
in depriving the miners of regular employment.
••
Three. That we are not figbtinic labor organization". We fully
recognize the riuht of men to organize to protect themselves from oppression and to benefit themslves in any legitimate way. But we do
oppose their unreasonable interference with the discipline and
ordinary management of our buaimes. We vill not penult th>m to
select our emplo e-. Neither politics, re igiou nationality nor membership in abor organization-" shall debar any competent man from
worhing for us. We are tltri tintj the battle of freedom fir the individual and his right to labor on h'8 own terms.
"Four— That it is, by reason of varying conditions at each mine.
Impracticable to adopt a uniform scale of w;iges for the whole region.
But that at each colliery every complaint ami grievance will be t ken
up and investigated by the si.pe'intenrti nts-, and adj sied whenever it
is just.
I pirs'Miallv offered to Mit hell and his district p esiuen.s to
go with them ami investigate any grievance.
" You see, S nutors, none of th- se things can be the subject of arbitration
You cannot arbitrate a question of wag* s when an increase
will destroy the business and a decrease wdl be unacceptable to the

—

workingmen."

THE FINANCIAL SITUATION.
The

loss

given verbatim because it conmeat in so little space that we want a
We are sorry lack of room prevents the

Tiie above extract
this

ains so

much

is

week. This might be called a fresh obscuration of record of it.
the real issue attempted by political interests. Ab insertion of the remainder of the statement, which is
A3 we have said
politics go now-a-days, we suppose it was desirable for to the end terse, fervent and true.
the Republican Committee of Pennsylvania to make a on a previous occasion, these operators bre fighting a
demonstration and sbovv that they were ready to do battle which concerns not coal- mining mainly; it
what they could to force the operators to settle the is more than that a struggle in behalf of individual
So a committee was appointed freedom and of the right of all our industries to mancase with the strikers.
We thank them for the good
consisting, with others, of Senators Quay and Pen- age their own business.
rose, and on Wednesday they had a two hours' confer- service they are doing.
ence with President George F. Bier of the PhilaThe Government figures of revenue for the fiscal
delphia & Reading Company. Fortunately Mr. Baer
has demonstrated the existence in his make-up not year which began with July show quite rem*rkab'e cononly of a el^ar, keen judgment, but of a backbone xrasts when compared with the same two months a year
which is unbreakable. At times the attacking forces ago. We do not consider that they can be accepted
have seemed to have such potent supports it has looked as indicating the course for other months, and yet
This they are suggestive.
The Customs receipts are
as if he would be compelled to give way.
especially
instructive;
seems that for the two
case
when
D
it
the
Mr.
Carroll
was obviously
Wright appeared on the scene, sent by President months July and August, this branch of the service
Roosevelt to make for him a study of the strike sa- has yielded to the Treasury $51,013,000 of income
This week again another trial of a like char- against $.2,726,000 for the same period in 1901. In
nation.
acter has been attempted, a trial which was so influ- other words, if this rate of increase is kept up, the
ential tha^ leading politicians in New York as well as gain to the Treasury from Customs duths would
make good about two thirds of the loss estimated to
in Pennsylvania announced that it would be success
from the repeal of the war taxes at the list sesflow
strike
within
weeks.
But
Baer
two
Mr.
ful and end he
has not only survived the interview but has come out sion of Congress. These enlarged duties are of course
of it standing just where he has stood all the way the result of enlarged imports, which are quite widely
through this contest, with only a single difference, distributed in the list of dutiable goods, as would be
that each expression of his position has appeared to be natural after the general rise in prices which has been

—

i

.

September

6,

THE CHRONICLR.

1902.]

auch a feature this year; it is to be said, though, that
iron and steel held a conspicuous place among the articles which show increase. As to the internal revenue
receipts, the movement in August indicated that they
are gettiDg more nearly normal. In Jaly, it will be remembered, tbey were large, being $21,618,000, or
very nearly equal to the monthly average for the seven

month 8 from January

to July, inclusive.

As the

tax

471

increase of $1,420,400 in gross and of $736,3>i0 in net
on the lines directly operated east of Pittsburg and

and of $551,200 in gross and of $416,600 in
operated west of
lires
directly
the
net on
for
the combined
making
Erie,
Pittsburg and
Erie,

roads
certain
including
controlled but separately operated) $1,971,600 addition
Gains
to the gross and $952,900 addition to the net.
of such magnitude tell in a graphic way the story of
(not

system

repeal revenue bill went into effect on the first of July,
many interpreted that exhibit as indicating no surplus
explained a month ago that nothing of
this y* ar.

the prosperity which this great railroad system is enjnylrg.
The reader need hardly be informed that the

that kind could be predicated on the July figures. When
a ttx-reptal bill goes into effect with the opening of a

present improvement follows large improvement in
the corresponding month of other ytare. la July

We

always an economy during pre- 1901, for instance, there had been $1,633,300 gain in
vious months in the use of the articles which have a gross and $799,400 gain in net on the combined lines
lower tax attaching with the beginning of the fiscal east and west of Pittsburg. This year's large exwould seem to be in part at least
year; that decrease in purchases makes the purchases tra gain
and consequent revenue payments abnormally large atcribable to the anthracite coal miners' strike. That
It is worth noting in connection with strike has practically cut off the shipments of hard
In Ji<ly.
that fact tfcat the internal revenue receipts in August coal, but has enormously increased the shipments of

new

fiscal

year there

is

dropped to $17,525,000, against the $21,618,000

in

soft coa'.

the largest bituminous

July.

country,

idea of

monthly cotton results were to be. When the report
became known on Wednesday and the very low general average and the especially low averages for
Alabama a' d Teia3 were announced, there was almost a panic on the Cotton Exchange. The fact of the
matter is, too much dependence is usually p'aoed apon
these monthly condition figures jast because they are
Government reports. Even with the best of intentions they have the

ing

as

it is

coal carrying

is

road in the

naturally deriving very important bene-

augmented movement of soft coal. In
the following we compare the earnings of the lines
what the Agricultural Department's directly operated east of Pittsburg and Erie for the

There has been considerable money made by some
of the Wall Sreet operators who apparently got an
early

As the Pennsylvania Railroad Company

other

sometimes been

same chance of being mislead-

reports.

quite

In

the

correct,

past

but

they
often

from

last six

for

this

years

— that being the only portion of the system

which we have the data for such a cimoariaon.

LINB8 HA4T OV
PlTTSBUBO.

1902.

July.
•
9,771503
*ro*s earnings
>perat'g ex peases 6.136.360

Net earnings

3,636,137

1899.

1901.

1900.

$
8,851,108

6/80 0H6

6,<W1,695

6,451,26*1

4.575/64

4

2,899,837

2,214 431

1,831,131

>perat'g

expenses 4i.9l8.7f6 37,993.185

Net earnings

1898.

t

t

250.561

Jan- 1 to July 31.
6S.191.37H 5«,802,57O 47.61 '.4 06 3-».28\80e
4 ross earnings.

have

13,163,5 .'5 28,916 12A

1897.

»

1

\16 \2P6

6.480.395

34

864

3,668,664

1.701,481

1,811,731

"B.flOfl

5 039.906

6,2-<5.4<)r

«!.776.*25

6.5

21.277,594 18,804,89 4 14.457.8M 10.814,4*1 1 '1.24 .181 10.293,081

quite

and especially bo when the public use them
working
out the final crop result. These thoughts
for
steadied the market the next day (Thursday), the
popular belief, which did not accord with the Agricultural Department's figures, by that time getting
uppermost again. That belief is about as we ex
pressed it in our Annual Cotton Crop Report, issued to
day in a supplement. It is too early to determine
how big a crop the Southern States will raise this
Conditions as they stand to-day do not
season.
make a large outcome impossible. Besides con
sumption in Europe is not in such a condition
as to favor a presumption of increased takings
with the
market value of the raw material

Incorrect;

fits

Notb.— These figures Include the Buflalo <& Allegheny Valley Divi190 and 1902. In July, lwul, the eari ln*8 4>f this division
were 'pproxluiatety, gross. $729,208; n«t. $2* ,206. From January
to July 3i the ear ings of this divlsi n in 19^1 were approximately $4,350,t>73 gross and $1,442,918 net.
sion for
i

seen from the foregoing that during the
three years the net earnings of these Eistern

Io will be
last

have doubled both for July by itself and for the
seven month ending with July. For July this year
the net U $3,636,137, whereas in 1899 the amount was
only $1,831,131.
For the seven months to July 31
the net for the current year is $21,277,594, at which
figure it compares with only $10,314,481 for the corresponding seven months of 1899.
lines

There was no change in official rates of discount by
high. Moreover, it is to the disadvantage of the any of the European banks this week, and unofficial
producer and of the consumer of cotton to start the or open market rates were steady. The striking featyear with the ruling price at a level which cannot sub. ure of the statement of the New Yoik Associated
sequently be sustained. To have a sagging market Banks last wetk was the unprecedentedly small change
while receipts are day by day showing a larger volume In the surplus reserve, this showing a decrease of only
always depresses prices abnormally; it also takes the $575 compared with that of the previous wetk; it now
spirit out of the spinning demand because the spinner a a ds at $9,742,775.
The loans were reduced $8,is constantly buying his cotton at a higher price than
647,900, making $19,108,000 since August 16; the
rules when his goods are ready to be marketed.
A i-pecie decreased $4,135,200 and the legal tenders were
steady or a rising market for cotton is best for all in- increased $1,066,800, making the net loss in cash
terests.
$3,068,400.
The deposits fell off $12,271,300, and the
required reserve was thereby reduced $3,067,825, which
The Pennsylvania Eailroad continues to show very aum, deducted from the net loss of cash, l^ft $575 as
noteworthy improvement in earnings.
Nearly two the reduction ^in surplus reserve. Transfers of curmi lion dollars gain in gross and nearly one million rency to the interior through the Sub-Treasury have
dollars gain in net is the record disclosed for the continued this week, though they have been smaller,
month of July in the return for that month which has while more currency has been sent direct. Tne drain
come to hand this week. In exaot figures there is an of money from the banks into the Sub-Trtasury has,

v.

THE CHRONICLE.

472

LXXV.

[Vol.

however, been large. As an offset to these losses the absorptions of commercial drafts. On Tuesday there
Canadian Bink of Commerce received $250,000 in was a faiily large inquiry for bills to remit for securchecks representing Yukon gold bullion deposited at ities which had arrived by the incoming steamers,
Seattle; the Bank of British North America has these properties having been sold in London during
advices of the deposit at San Francisco of $400,000 of the previous fortnight for New York account. On
gold bullion from the Yukon, transfer checks for the following day and thereafter bankers reported
which will probably be received early next week. I, considerable offerings of commercial drafts against
cotton and grain for prompt delivery, under the inis reported from Washington that $15,000,000 Na
tional bank notes have been prepared for those of the fluence of which the market became easier, and it was
banks which have, at the suggestion of Secretary more or less affeoted by the firm rates for money.
Shaw, ordered circulation with a view to meeting the There are large amounts of cotton bills the delivery
extraordinary demands for money incident to the sea- of which has been contracted for, and these will go
far toward meeting the demand for this class of exson's crop movement.
change. The Aseay Offioe paid $467,130 19 for doMoney on call, representing bankers' balances, has mestic bullion. Gold received at the Custom House
loaned at the Stock Exchange this week at 8 per cent duriDg the week, $65,245.
Nominal quotations for exchange are 4 85 for sixtyand at 3£ per cent, averaging about 6 per cent. On
Tuesday loans were made at 6 per cent and at 5 per day and 4 874 for sight. There was some business
cent, with the bulk of the business at 5$ per cent. done on Saturday of last week at a decline compared
On Wednesday transactions were at 6 per cent and at with rates on Friday of 10 points for long and short,
4^ per cent, with the majority at 5| percent. Oa to 4 8375@4 84 for the former and to 4 8650@4 8675
Thursday loans were at 8 per cent and at 5£ per cent, for the latter. Cables were unaltered at 4 869C@
with the bulk of the business at 6 per cent ; the 4 8710. There was no change in rates on Tuesday,
higher rate was recorded in the last half hour and it when the tone was steady to firm in consequence of
was due to urgent demands by belited borrowers and the above-noted demand for remittance. Oa Wednesalso in part to apprehensions of an unfavorable bank day the market was easy during the day, with sales of
statement today. On Friday transactions were at 8 short at 4 8650, but it was a shade firmer at the close
per cent and at 3£ per cent, with the majority at 7 for short and for cables, at an advance of 10 points for
per cent. The lower rate was recorded in the last the former, to 4 8660 4 8670, and of 20 points for
half hour; 6 per cent was quoted at the close. the latter, to 4 8710@4 8720; long was unchanged at
Banks and trust companies have loaned at 5i per cent 4 8376@4 84. On Thursday the tone was barely steady,
as the minimum.
Time contrasts for short period* and there was a good irquiry for short to remit for
securities.
Rates were 4 865£@4 8660 for short and
are not freely offered, lenders preferring to make en
gagements which will mature in March, and as an 4 87@4 8715 for cables; long was unchanged. The
inducement offerings for this period are somewhat market was easy on Friday, when shorts so'd at
liberal at concessions as to rates.
Loans for 90 days 4 8645, closing, however, at a rally of 6 pointe. The
are 5£ per cent bid and 6 per cent asked and for four following shows daily posted rates for exchange by

@

months 5£ per

cent, with a good

demand and only

a

moderate supply; for six months' loans the rate is 5
Good mixed Stock Exchange collateral is
required for all these contracts. The commercial
paper market is dull with almost an entire absence of
local buying, and rates are 5@5£ per cent for sixty to
ninety day endorsed bills receivable, 5@5£ per cent
for prime and 6^@6 per cent for good four to six
months' single names. Merchants d. sirir g accommodation are generally applying to their banks for dis-

some

of the leading drawers.
Fri..

per cent.

Aug

^

Brown Bros
Baring,

Magoun&Co..
Batik British
No. America.,
Bank of

(
(

Siiiht..

(

•

i

.

Mo N.,

TUES.,

Wed.,

Sep t.

Stpl.

SfJ;t

4 85*

ht
4 83
60 days 4 85

60 days
j Sight..
( 6
days
Montreal
(Sight.
Canadian Hank jfV'days
of commerce.. < Sight.
Heidelbach, Ick- ( 6u days
elheimer & o. ( Siaht.
Lazard Freres i 2? <ll ys
(Sight..
Merchants' Bk. ( (in days
of i anada ... (Sight.
.

counts.

d a ys

29.

4

4 85
4
1

87*

Thfr.,
Sept. 4.

Fri„
Sept.

85

85

87*

87*

85
87

85
88
85

85

85

85

t-8

87*

87*

85

85

85

87*

87*

87*

87*
8^

:

>
1

C

85HS

488
485
4 87*

3.

:

:

<

i.

:

:

88

4 85
4 87*

J.

c
c

87*

85

85

85

87*

87*

87«

8>

85

85

86

87*

87*

87*

87*

85

86

85

85

87*

4S7*

85

*

87*

4 85

5.

67*

87k

87*

85

85

86

87*

87*

87*

87*

4

8»*

85

85

85

4

83

87*

85
I"?*

67*

67*

Tne market closed at 4 8375@4 8390 for long,
England minimum rate oE discount
remains unchanged at 3 per cent. The cable reports 4 8650® 4 8660 for short and 4 87@4 8710 for cables.
discounts of sixty to ninety-day bank bills in London Commercial on banks 4 83g@4 83£ and documents
2 1316@2£ per cent. The open-market rate at Paris for payment 4 82|@4 84. Cotton for payment 4 82|@
4 83, cotton for acceptance 4 83f @4 83$ and grain
is If per cent and at Berlin and Frankfort it is 1^
for payment 4 833@4 84.
per cent. According to our special cable from Lon
don, the Bank of England lost £293,969 bullion durThe following gives the week's movements of money
ing the week and held £37,634,169 at the close of the
•o and from the interior by the New York banks.
week. Our correspondent further advises us that the
fitttivte bv
8Mrp*d 6t
Week Ending Sept. 5, 1809.
loss was due to exports of £120,000 (of which £60,000
li. T Bank*. N. Y. Banks
were to Argentina, £30,000 to Guayaquil and £30,000

The Bank

of

arreuoj.

to sundries), to shipments of £278,000 net to the

in-

and to imports of £104,000, of
which £44,000 were bought in the open market and
£60,000 were from Australia.
terior of Great Britain

The

foreign exchange market has been generally

easy in tone this week though rates do not show important d. dices, there having been a good demand
for bankers' bills for remittance

and quite prompt

told

Total gold and legal tender*.

18 T60.000
l.US.000

• 6.484

I4.8ea.ouo

|7,T 65 JOt

OOb

1 sai.oor

With the Sub-Treasury operations the

Loss 18.684.000
809000
Lost
Lost

l2,SB3,0'J0

result

as

Is

follows.

Wuk

UndifM

Sept. 5. 1908

Bank*.

Out of
Hanke.

S»t (Thanes -»
flank Holdtnes.
f

tanks Interior m^Temont. as abore

14.868.000

17,755, KX

m b-Trens. opoiat ions

14,300.000

18.400 000

Loss <9,8P8,<XM
Loss 4,100.000

MO

Lost IK.WS.tfOO

Total gold and legal tenders

• 19,168,000

•8<V1R6

.

September
JL'ne

ioliowing caDle indicates tne

Sept.

i.

ol bullioi

»oU

341

W.

Totai.

0014.

a

£

£

841««r.

Total.

~£~

37.684.160 sa.os'jjio

37.884,139

.

S9.C83.710

Spain

-ao.uu 45.038.373 149 .653 069 06.748 767 44.817.175 141.559,042
85 584,001 18,188.000 48,748,000 33.185, WO 13 880 OOJ 46,885,0)
74 875 00C 8878,000 83,147.000 89,586.!H)0 7 204 00(1 76.790,00
46.215,000 18.511 000 57,726.000 43.014 000 10 98T.O00 53/01,0/)!
14.880.000 19,833,000 83.873,000 14.404 000 17 213.000 81616.10

Italy

16.105.000

rranoa

i

Carman)*
Russia

Ant.-Hnng

-•

H

*

Netherlands
Hat Sale n.'

I

18.lw0.200

'0

8,611,700

11,363,400

00

1,666,000

4,e98.JO0

4.741.7
8.132.

8,085,20

16,860,000
6,860,6

«D

8,060,710

1.977.400

17,837,4

5.587

>0

11.H1760C

1,680 8

>0

4.501,

I

10

Tot- this wee- .1*5.646 080 108478778 445 010.838 P80.169.717 102514876 482.681 643
Tot. orev w > 348 280.486 110080149 448.378,584'S' 9 4-1.783 10206*020 483430.768
* The division (between gold and silver) given In out table of coir
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
claimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, bat wc

believe the division

we make is a olose approximation.

The Austro-Hungarlan Baak Statement Is now Issued in Kronen and He
C«r Instead of Qniden and Krentier. The reduction of the former currency to
sterling £ was by considering the Onlden to have the value of 60 cents. As
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 the amount of Kronen by 24 Instead of 20
t

SHALL REAL ESTATE VALUATIONS BE
RAISED ?
The

proposal to raise valuations of

New York

real estate to full value does not present

ably to our mind. There
doing it, an object which

is
is

itstlf

City

favor-

but one real object for
freely admitted by all its

and matte use of for
city improvements the added debt-making power the
change will supply. With the same breath which
avows that to be the purpose, we are told that raising
advocates, and that

is

to increase

valuations will not increase the tax rate at
of course not,

if

all.

the affair stopped there; nor of

No,
itself

does the leaviDg of the barn door open empty the
But every one at the same time is aware that
stalls.
raising the debt-making power, like leaving

the barn

door open, increases the temptation, opportunity and
facility for

doing what each was devised to restrict

and prevent.
Besides,

those who
to be

it

is

no

secret,

but

is

actually affirmed by

favor the plan, that the added valuation

followed by a

more rapid outlay

is

for city im-

provements and a corresponding rapid piling up of
debt to pay for them. It consequently is trifling with
the public to assert that the real estate tax is not to
be raised when the new valuation is put in practice.
Evidently a higher assessment, if the rate is correspondingly lowered, can call for or supply no fresh

money

must be tnat the advocates of
the higher valuations and new activity in betterments
after to

Id

now proposed, when they

Sept. 5 l*)i.

>>-oa

run them.

473

say

it

will not increase taxa-

have lost sight of this increased expense which
will thereby permanently enlarge our city budget.
There will be another influence tending to produce
increased taxation if actual value is to be made the
To have the debt-making power
basis of assessment.
and
largely
added to in such a free, large
suddenly
way as virtually to wipe out all limit would have a
similar effeot on city officials that a bulky surplus has
on any body of legislators who have it subject to their
d isposal. That is to say, extravagance would be not
Beyond a doubt,
only facilitated but encouraged.
there are many, very many, ways in which added
enterprises could benefit the city.
There is not one
single department of the Government that could not
name to-morrow directions in which millions upon
millions of fresh money could be spent with advantage
When an individual is spending his own
to the people.
money he is forced to restrain his desires and keep them
within the limits his resources set. City officials with
a large surplus, or with an easy way of securing the
money required for new undertakings, and possessed
with the idea that the work in view would be of great
benefit to the municipality
adding perhaps to its
beauty, to individual and commercial facilities, or to
its educational advantages
would be easily led into a
lavish use of public funds, believing all the time that
each new work projected was highly desirable and
perhaps even needful. Bemember, too, how popular
that manner of conducting city affairs would be among
the class who would have none of the burdens to bear
no real estate to carry and no taxes to pay. Among
unscrupulous officials votes in large number could be
gained by such a policy. The feature last mentioned
would of course have very small influence with our
present regime.
But we cannot always expect to have
as honest and discreet heads as now to administer city
affairs.
We want, however, a basis of official life and
conduct established now which we shall be glad to see
imitated and enforced always.
This brings us to a further point which in our view
should have the serious attention of those who are
pushing this scheme. It is always those who are the
weakest in the struggle for existence that are forced
to succumb under new burdens.
In this case it is
not the large real estate holder with large capital or
the real estate speculator with rich influential backers
that has the deepest interest in the issue.
We would
not speak of the real estate speculator in any offensive
aenae, because many who buy and build and sell
greatly serve the public by so doing.
But aside from
that fact, the speculator may have such a deep interest in new developments paid for out of the public
purse that we should hardly be willing as a rule
to accept him as a j udge upon questions which intion,

*t

ngland

amount

European banks.

in the principal

Bank

THE CHKOivrCIE.

1902.

6.

while the natural increase in the productiveness of the present rate will all be used up, as now, in
;

taking care of the natural increase in expenses on the
present basis of affairs. Added funds for larger im-

provements can only be gained by bond issues, the
interest on which and a sinking fund to pay the issues
at maturity can only be secured by more burdensome
It may be said that there will be no sinking
taxes.
fund. Very likely the method of deferring provision
for payment will be adopted.
In that case, for the
time being the interest on the new improvement
bonds and also the cost of running and keeping in repair and working order all the new improvements
which are to be hastened by the enlarged bonding
privilege will have to be met, and by and by also the
redemption of more or less of the principal of the enlarged debt must be provided for. Many people in
carrying forward extensions by bond issues make no
account of the added money needed every year there-

—

—

—

—

—

volved economy in improvement expenditures. As to
the leading real estate holders, the issue is of course

deep concern to them, but it is not so vital as it is
large body of smaller men who live in the
houses they possess or who have bought in a moderate
way for investment. Much of the property so held is,
we may presume, mortgaged and rated high; but it
would not perhaps be considered as assessed at full
value if judged from special sales that may have
been made in the vicinity sales which might never
be duplicated again, or might possibly be, but only
of

to the

—

after waiting long for a purchaser.

THE CHRONICLE.

474:

Takeu

g nouse property, not in tue
most desirable situations or on those streets which
business is invading, rents low and with difficulty,
while subj-ct to special taxes for improvements.
Any requirement that would call for a quick
as a rule, d«v»lin

weak
a considerable amount

would

sale
also

disclose

a

holder.

Bat there

is

of other property, used

purposes, which after paying interest,
taxes, insurance and other expenses has not netted
for business

one per cent to the owner for several years.
ply to these statements

is

The

re

that the assessment will not

probably be raised in such cases on this occasion. No
faith is to be put in that assertion because the attempt

has often been

made

heretofore to lower assessments

without success. There is no likelihood that the
present regime, with the best of intentions, will com."
any nearer to reaching an equable appraisement nil
through the citv than the two-thirds valuation which
is'supposed to prevail now has reached.
We are wtli
aware that when a person speaks of full value it
sourds as it it were so obvious a fact, so indtlibb
marked upon the property and so fixed in every man''
consciousness that no one could escape the need d
knowledge. Tne truth Is, however, that the fu 1
value line has no more assured siga of demarcatioi
open to the individual or to the public assessor thai
the two-thirds value line ha?.
We come back, then, to the question, Why shoull
not the city show moderation in carrying forward itB
betterments? Tbe authorities have made in re
cent yea '3 and are making now notable advances in
all that pertains to the comfort aid convenience of
the public, and further highly desirable undertakings
have already been put under contract. More has beei.
done in this w ay within a short time than in any much
Suddenly, while enjoying
longer previous period.
the privilege of a reform government elected upo<
the theory that taxes were abnormally high and
should and could be lessened, a new expansioi
It
which, as we look
at
policy is conceived
and think we have shown, virtually removes be
cause it so materially widens a long-established

and insures a rapid Increase
permanent debt and likewise in annual taxa

bond-issuirg
in

limit

tion.

fVoL.

NORFOLK & WESTERN'S GOOD SHOWING.
Of

the striking transformations that have been
effected in railroad properties within tbe last few
years, that of the Norfolk & Western is perhaps the
all

most noteworthy.

In point of mileage the road is
not a Urge system, and therefore the actual amount
of increase in earnings is not of the magnitude of that
of trans-continental systems like the

after the addition

Virginia

Railroad,

Taking as the starting point the fiscal year ending
June 30 1898—this having been the first full year
following the

reorganization of

haste, a willing

company

—

it is

1

what a wonderful change has occurred in
the position and value of the shares in the interval.
This change is reflected in the great appreciation
which has been recorded in the market value of the
coiumon stock aid the preferred stock al ke, the com<non stock this week having touched 7*| as against
only 55 last January and 42 in January of the previous year. The expansion in revenues has been
ff-tcted with comparatively little addidon
to the
easy to see

ru

leage, the length of the road in 1902 at 1,677 miles

comparing with 1,565 miles in 1897

98.

The added

mileage represents chiefly the acquisition of the Oiucinna'i Portsmouth & Virginia, which in the year
1900 01 appears to have earned less than $400,000

and only about $54,000 net.
Tne advanced position held by the company under

the rise in earnings

little less

the

found that in that period aggregate gross earnings
*ere only $11,236,123. For 1901-2 the corresponding
result, according to the report now before us, is
$ 7,552,205.
In the brief space of four years, therefore, the addition to gross revenues has been 6^ million d ll*rs, or nearly 60 per cent.
In the net earnings the advance has been even more striking.
In
1897 98 the total of the net was but $3 35<»,024.
For
'he year under review the aggregate is $7 415,977, an
improvement of about 125 per cent. As fir- d charges
luring the four years have risen but slightly, it is

promise is, with the higher valuations and its resulting burdens, what is gained from the State will b»
gradually replaced, and in time exceeded, by fresh

Were there

Even

Considering the size of tbe road and its location, the
expansion in traffic and revenues has been really
wonderful.

gross

demands.

Achison.

the Cincinnati Portsmouth &
the Cincinnati Connecting Belt

of

Rtilroad aid the Hillsboro Branch, the aggregate
length of line operated by the Norf< Ik & Western at
the end of the late fiscal year was only 1,685 miles.

The'liope has been that as the State tax lessened,
the city rate would afford material relief. Now the

city

LXXV.

for the

was

is well indicated by tbe faot that
year under review the call for fixed charges

$2,367,777, whereas the tot4 net income was

oi lv

$7 490,872, snowing a margin above the year's require-

nes8 to wait a brief period, some of the plans now
being carried forward would be completed and become

ments o that kind in the large sum of $5,123,094.
That is, the net income was considerably over three

self-supporting and not uLliktly pay an interest to th

times the year's fixed charges.

In anticipation of that result the Lgisltture
could pass an Act that when any betterment should in
the future reach that situation of no linger being a
burden on, but a contributor to the income of, the mu

The wiae and far sighted policy which is guiding
who are controlling its aff tirs is seen in another
circumstauce. It may be recalled that in ea'.h of the

bonds which were issued to bu 1 1 ii
thereafter
be included within the limit.
not
should
Such an Act would not go to the length of *ff ictmg

dollars

city.

nicipulity, the

those

two

fiscal

years preceding a contribution of 1^ million

was made out

betterments.

of

surplus

earnings towards

For the year just closed

the report

shows another appropriation of the kind, but just a
the citj's present income, as it would only ap^ly t. million dollars larger. In other worde, 2-£ million
new developments. May we not by action of that dollars has been tbken from net earnii gs in this
character obtain all the margin for new bond issues single period of twelve months. Be it remembered
necessary, and would not that method allow of as that the amount so applied relates not to one of the
much license in tampering with our safety-guards a r ge railroad systems of the day embracing 10,000
which a long experience has provided as the instiucts miles or more of road, but to a system, as already reof conservative classes would on reflection like to mat ked, which comprises only 1,685 miles of main

permit

r.ck.

September

6,

THE PHRONICLE

1902.]

As emphas zi g tne high standard of m<in*gnn«n
whioh is belDg pursued a standard which we are ac
customed to look for only in the ca3e of vptj superior
and exceptionally prosperous properties, 1 ke the Like
Shore, the North West, or the PennsilranU i>

—

—

Tne

475

with illustrations going to
show that the management are doing their utmost to
promote this development and secure to the propreport

Is

replete

erty a full share in the resulting benefits.

side

spurs,

tracks,

etc.,

etc.,

New

lines,

being planned,
reduced, additional

are

and curves are being
qaipment is being arranged for. The acquisition of
the Pocahontas Coal & Cake Company and the aswas applied during the same twelve months in divi
dends on the common shares, this amount reprt sit- sumption of obligations on its behalf al form part
An interesting account is furing two semi-annual payments of 1 per cent each, of the same effort.
made in December 1901 and June 1902. It will ru bished of the advantages expected from this acquisiThe company's ccal and coke traffic during the
ion.
observed that the amount appropriated for betterments was double the amount paid out in dividend- late year amounted to 7,056,721 tons, of which
on the common shares. Even if we include the 4 p^ 5 672. 642 tons, it is stated, came from the Pocahontas
The plans for the further extension of
cent dividend on the adjustment preferred shar»s, rield.
which took $910,014, the payments in dividends on 'his output, as outlined in the report, seem to be
both classes of shares aggregate OLly $<5,199,398, at< very comprehensive indeed. Bat it is not alone the
:oal traffic which is being enlarged; we notice that in
against the 2£ million dollars set aside in the wav
should be noted that while 2| million dollars of net
income was devoted to betterments, only $1, 2*9,3*4

grades

mentioned. After this contribution a surplus remai
of $182,075 on the operations of the twelve month*
over and above the 4 per cent dividend on preferred

he late year the company moved 868,058 tons of iron
>re, 375,494 tons of limestone and 458 202 tons of pig

>-

shares and the 2 per cent on the

common

shares.

moved

1,101,841 tons of lumber, 207,148
ors of corn and 2,200,636 tons of other articles.
It also

iron.

TV

During the year the company was able to fur2£ million dolars appropriated for betterments iNor.
per
cent
the
of
on
$64,469,200
equal to about 4
her increase its train load, bringing it up to the high
It is through such methods that
folk & Western common stock outstanding iu the figure of 476 toug.
hands of the publ c, so that altogether the taming
'he management are abli on the one hand to increase
paid out in dividends and the earnings applied in bethe volume of traffic and on the other hand to get
sto
over
cent
on
said
represent
6
per
k
terments
improving resul a out of the business. Though the
These large appropriations out of earnings are un- average rate received per ton per mile was only 4*63
doubtedly wise. We have often dwelt upon the con
m lis, the freight trains actually earned $2 20 per mile
from
ditions with which ihe Norfolk & Western has
run certain' y a very satisfactory average.
its
traffic.
confronted.
The
character
of
been
the first
and of the territory drained is such that success

—

NEW YORK ONTARIO

hinges altogether upon the ability to move a large
volume of traffic at a low average cost. This mean?

& WESTERN

REPORT.

annual report just submitted (covering the
reached ar d n aintained, and that capital account year ending June 30 1902) this little road continues
must not be too heav ly burdened with the increasing ts record of growth, which has been such a feature of
The further gain in revoutlays which are necessary to keep modern railroad* its history in recent years.
enues
attract
would
perhaps
not
attention except that
in condition to compete and to handle traffic at the
The management hnv* the anthracite coal miners' strike occurred towards
smallest minimum of cost.
from the first understood the requirements of the the close of the year (that is on May 12) and materally reduced the company's tonnage in coal.
The
situation in that regard and have sought to make i>
'otbl
the
the
twelve
of
gross
for
months
of 1902 is
possible to operate the load with increasing economy
against
*5
as
for
the
456,696
$5,322,833
twelve
and efficiency. Until the last three years, however,
months of 1901. There has been only one interrupcircumstances were not such as to admit of large ap
propriatiois from earnings; now that prosperity is tion to the upward course of earnings since theScranon Division was opened in 1890, at which time the
placing la-ger amounts of money at the disposal f
othl of the company's gross earuirga was only
the officibls, full advantage is being taken of the fact.
A factor in the improvement in income has b«en 2,200,446 as against $5,456,696 now. Of course,
the better avei age rates realized following the cl >ser *i<h the continuance and prolongation of the strike
concentration of ownership in the different bitumin- and the serious loss in tonnage on that account, the
ous coal-carrying roads, namely the Pennsylvania current fiscal year seems almost certain to show some
oreak in this favorable record.
Railroad, the Baltimore & Ohio, the Norfolk & West
In the net earnings there was some decline in the
em, etc. Bearing on that point, however, it is to be
noted that the further increase in earnings, gross and late year, the total being $1,298,941 against $1,545,746
ThiB reduction appears to be
net, which occurred in the late year was made in the in the preceding year.
face of a small decline in the rate, the average for Hrecily due to the anthracite strike, for the General
Manager of the road in his report to President
1901-02 haviog been only 4'63 mills per ton per mil
against 4 66 mil a i 1900-01.
Going back to 1898-99 Thomas P. Fowler takes occasion to state that while
the average rea ized then was only 3*97 mills per ton the coal strke occasioned a considerable loss in
mile.
However, the better rate has been only one of revenue the last two months, it was found impossible
a number of elements that have contributed to the to make a corresponding reduction in operating excompany's advance and prosperity. There has been penses. In fact, he says the force in the maintenance
an enormous growth in tonnage, due to the activ- department was increased during a part of this time,
trains repairs
ity and prosperity of trade, and particularly of the since on account of the absence of coal
iron and steel industries.
Bapid development of to track and bridges could be made with less delay to
the rich mineral territory tributary to the road has work. A full shop force was also employed to put all
engines and cars in first-class condition to handleJ)he
also occurred.
that a high standard of

physical condition

In

must be

•

<

,

,

Its

—

large coal business wnich
at the mines

is

is

expected as soon as work

.

1

THF CHRONICLE.

476

Even

«

,

.

LXXV.

[Vol.

Roads.

1901.

1902.

Inereaee.

Oeer'se

resumed.

after the decrease in net noted the total of the

net remained over twice the amount of the yealy fir* d
charges, showing the strength of the company's sending in that regard. Expressed in figures, the fixed

8t.

Louis

80.
80.

Oar

Southern India a...
Texas A Pacific.
Tex Sab Val.Ar N W

127.144
120 842
28 695
319,023
5,212.469
69,700

We*r...

1,233.8 "5

T

Gulf....

Ga. Ext.'

H iv»-n A
A

st. L.

1

Tor.

requirements for the twelve months were only $639,
982, ae against net revenues of $1,298,941. 1 aving a
surplus of $658,968. Such a situation at the present
time is of more than ordinary sigoificaace, as indicating the company's ability to stand the strain of a pro-

A

&

Ham.

&

East.

Total (180 roads).

Net lno. (6"74 p.

24.522
247,031
5,547,471

1

62992
335,002

64/00

232,284

1,317,345
205,894

749,023.005

701,688,234

Buff.

08,183
43*
4. 7S

68,561
li 0.404

"K,\0<
8 3", 460

26,390
48,055,133 720,412
47.334,721

0.)

176.459

179.065

Miles of road

2.60K

f To June vs8.
May 31.
In una way, it wit be seen, we get a total covering
179,065 miles of line the present jear. The aggregate of the gross earnings on that mil age for the six

For five months to

*

longed strike.
We have frequently in the past referred to the sue
cesa of the efforts of the officials in developing busi-

months of 1902 is found to be $749,023,( 05, and the
improvement over the corresponding six months of
1901 $47,334,721.
This gain, as the reader knows,
comes on top of successive large gains ia ail the years

ness apart from the coal traffic, though of course
this last constitutes by far the greatest proportion of
the company's tonnage. Outside the coal traffic the

growth was continued in the last year in all directions.
As showing how considerable the advance has bt-en, it
may be Doted that the earnings from through freight
for 1902 were $527,997, as against $352,697 for 1898;
the earnings from local freight , $sol,2«>8, against
$637,458; from milk, $512,641, ajraiust $433, 8K2, and
from miscellaneous sources, $78,539, agains $59, 9« 2

Mileage.

Jan. 1

Earnings.

Increase
or
Decrease.

to

June

30.

Tear

Tear

Tear

Tear

Oiven.

Preced'g.

Oiven.

Preceding.

-

this covering all the items of freight

txc^t

revenue from which wa3 $2,517,338 in 1902 a

id

$2,-

The
546,918 in 1901, against $1,666,242 in 1H98
earnings of the p ssunger department were $L, 019,968
in 1902, aga nst $764 452 in 1898.
The company is expending the El^nvilla branch
to the city of Kingston through the
and this extension, it is expected,

make important

R mdout V >liev,
w

contributions to the

11

ulumtttly

traffio of

Milts.

145.K88

$
410,312.673

•
6C.0B7.91

149,600

4:tx,922,268

425.5H7.8i>

4*8,249,19

486/14,13:

15 -.295

153.997
157,46*

473,0-^4,9 :4

475,2-3,3Sc

16-.7-J6

15-, 702

47",085,4ȴ

159,1-65

523.2 1,211

4- '8,0

6,168

6'82

+7:,9t9,18.'

1878

171,257

642, 21. r 4

+"«V17,

11-0?.

17U.<

«6

7«4'H

«4S.*42,«48
704.538,79
74P.O?3 05

585. 9t,bl>

H*l

161,164
1M6.7 4
17 ,371

536,875,776
5S6,32«,36

70 VS-

4-47. 31

1896

coal, t*^

\h*

e.o.

Miles.

148,884
15».< 20
1S5.1

1894

1897
1898
1M»9

1900

lata--] i>.

.'

1

'

162,190

x

i

ibna

'

1

$

— H-," 76,237

2-<»

+18.351,445
4-2vi,' 8 -/fO
-<>,2 -,4SpH.140, «•

make necessary no

7-

72

17'ie

814
6*19

0*40
12*44

9*09
fl-74

mollifica-

we could have re-

tion of our previous estimate that if

turns c ivenug the whole mileage of the country the
gains for the six months would aggregate over 50
mi lion dollara.
We have previously estimated the
gain for th
first half of 1901 at 70 mi lion dollars,
tnat for thn first half of 1900 at 90 m llion dollars,
tta for 1899 at 42 mclion dollars and that for 1898 at
•

Pl*t8 are being matured, too, for doub e- track
road.
ing that portion of the main line between C »mw«i 1
and Cadosia, a distance of 107 miles, ia ord r to pro 68 million dollars. Hince, in this period of six moaths
vide additional facilities for the constantly exia idiig r.nere f a< bemi an addition since 1897 to the gross
aruiugs of TJuued States railways ia the prodigious
traffic of the rca i.
sum of 320 million dollars.
Wd bring forward the statement given la<t week
TEA R.
RA1LROA D EA RNINGS FOR
showing the principal gains (or losses) on tnes-parate
We comple e to day our statement of trie gross roads, enlarged so as to embrace the addel roals now
earnings ol Uuited States railrcals for the first hair coin*, risen ia no results.
r

.

HALF

i

PRINCIPAL CHANOB8 IN GROSS BASNINOS FOB 6 MONTHS.
of the current calendar year. The compila'ions w>
llltTfHKfl,
I llrrranri.
gave last week comprised all roads reporting both Pennsylvania
$8,274,400 Cin. NewO. A Tex. P..
$325,301
Norriiern Ptoltio
3,^91,033 8av. Fla. A Western..
317,092
companies
there
are
some
In
addition
net
and
gross
ttit-a North'u system
3.107,948 Nash. Chan. A m.. L..
310.649
3,03n,343 Kan. City 8o"thern..
Oauadlan f»ciiio
29^.048
net
that furnish returns of gross, but not of net.
l,8t>5,287 Yazoo A Miss. Valley.
Union Pacltlo
235,048
2-4,146
UUuols Central
1,742.241 Heaboard Air Linn.
as to the gross it is possible to have an exnibit more Chic. Burl Aliuinoy.. l,7*8.0-»7 Ala. N. O. A T. P.Svi.
'^34.107
Gilo.
l,5oo,688
Baltimore
..
Rio
We«t«rn..
Grande
t»159,387
comprehensive even than that published a wet k a^o Louisville^A Nashville 1,375,4^9 Grand
TruuK WnHiern
v 54,754
PaclUi'
»ys..
Louihv...
v
,291,343
Chlo.
Ind
152.450
•iouthern
A
v
Starting with the total of the gross then reacted, we Chic Mil. A «t Paul.. l,2.il,U6 BauKor A Aroostook..
151.014
146.571
A Nor. Western.. 1./09.857 Iowa Central.
now add the roads which could not be included a Ohio.
ioutlieru Kallway ...
1,135,301 Nortberu Ceuiral ....
141.800
1,066.553 DuluthSo. Sh. & All..
141,603
N. Y. Central.
that time.
927,68*1 PhlLWilmluK A- Bait...
Norfolk A W^nr^rn
134,100
GROSS EARNINGS OF UNITED STATES RAILWAYS
748.-34 Alabama Gt. Southern
DuluthA Iron Range.
132,653
JUNE
30
JANUARY 1 TO
128.429
742,621 Chlo. Great Western..
AKk. lop. A naiiln ft).
Z128.367
73-J, 283 Burl. C. R^p A No....
cl Louis <te San Fran..
6;>8,o85 Gulf A Ship I-l»ud ...
121,204
Wabash
Incrrost.
lieer'te.
1903.
1901.
Roads.
109.918
630.156 Toledo & Ohio Cent...
Chesapeake * Ohio. ..
Ast.L.
628.849 Olev.Olu.CUic
108.527
DmuihMi-<H. A North.
*
621,957 Terre H. A Ind'polls..
100,067
Mlnu.ot. f A ». -ite.M.
631,494,28
38,9 04,639
Prev.rep'd0 54r d») 670,398,92t
595,169
Boston A Maine
Additi'nsfot roads
»594.6i4
(representing
Bead.
By
Total
*
..
Phil. A
lnol'ded in above
64roadsi
ftrtO.TOl
$49,233,157
Chif.St. P. Miuu. AO.
total lor only 5
879.09S
129,659
749,436
Derreanei,
Mich.
Ho...
563.941
Shore
A
L
nios -whic> h»ve
$660,780
* 4 ..662 Central of New Jersey
Chic. R. 1. & Paclno..
since rep'ted for
644,805
Atlantic "nasi Line ..
60 ,059 N. Y. Laok. A West. ..
June
J
4-0,360 Lehigh Valley*
t>5l6.712
Mo Pacific A Iron Ml.
Al. N.O A Tex. P.434, --61 N. Y. Ont. & Western.
407,880
lirand iiiiim
1,024,345
946,810
77, 53^
NewOrl. & No E.
3 3,392
434,787 Albany A Bunqu-h ...
34,si4
Colorado & Southern.
489,54
4^4,703
Alabama A Vicks.
835.002
427,397 Texas A Pat lflo
C-*ntral of G« orgia
563,183
441,755
121 '2 Vicksb Skrev.A P.
220.619
398,861 N. Y. Chic A St. L...
Hooking Valley
138/ 1
1 25.H56
1 3 268
Atlantic Vald. & W.
lHo.475
390.262 Erie
Br>s-. <v Lake Eile ...
22,0 0,38'
20,8^1,028
1,20 ,3 7
Chic. A Nonhwest..
142.898
388.533 Internat'l A Gt N r
34.4 O
H.i Ai
Pere Marquette
717,»68
Chic. Peo. & 8t L...
elii8,929
370,">39 N. Y. Susque. A West..
Wisconsin Central....
5,*0\20(>
6r0.70i
4,824,499
Chic. St. P. M &Om.
341,551
6S'3.3I2
508.- 40
Wheeling A L. Kile....
84," 2
Ool. Sand. & Hocft..
(representing
Total
340 954
596,297
656,254
Cure. A E<*«l. Illinois.
4(>,013
Detroit Sou hern...
93.606.943
3.>6 08l
10 roads)
139,"96
151,0^7
Mobile AGhio
ll.*51
EvaESv. A In<i'p'e..
13.46'
709,84r
696,380
*
Evansv. AT. H
not momde results f"r Lehigh Valley Ooal Co., whloh latter
Does
Great Northern for the live mouth* *uows a decrease of $457,1*74.
15,488,561
12,221,561
3,267.000
8t. P. Minn. & M..
Covers lines ireotly operated east and west of Pittsburg and Erie.
T89
9H.737
1,073,
159.052 The kiosk on Eastern lines (including Buttalo A AileKheny Valley
Montana Central.
"9.4
04,43*
55,0<
houthetn...
I
>
Illinois
InonasHU $4 96*. 400 and the gross on Western lines laDlvlsioi
2,363,40-'
2,220,509
H2",89i creased *3,J06,000
Intern A Gt. North.
"9.7V
«3,0 t
33,273
Iron Rali wax
the Coil A Iron Com•Thene undrew »re for the Railroad Company
15.541
8^,215
7S6"4
Mobile Jatk.AK.C4
'0,4 1.
pany for tiio live mmi hi leports a deorease or $1
3.2»1.'> 3
19,1 9.120
15,848 08 7
Northern Hhcitlo ...
months
four
to April 30.
* For
v For five months to May 31.
l

H

.

r

,

j

i.

1

[

'

I

1

.

t

i

i

•

)

;

i

;

1

September

8,

THE CHRONICLE.

1902.]

ITEMS ABOUT BANKS BANKERS AND TRUST CO.'S

— Orly two lots, aggregating 13 shares, of bank stocks
have been sold at anction this week and no sales have been
made at the Stock Exchange. Trnst company stocks have
not been dealt in at the Exchange or at anction.
Baicks— AT*v> YorK.
Shares.
7 First Nmional Bank
6 Seventh National

Bank

Price.

775Vi

_ 150^

1,a*1 vrevious tale.
July 1902— 820

June 1U02— 140

477

&

Co., which is to be continued under the old name by Mr.
Frank A. Schirmer.

—Mr.

A. C. Kollock has been promoted from the position
New England National Bank of
B jston to that of Cashier. He succeeds Mr. Charles F. Swan,
who resigns in his 78th year, forty-five of which have been
spent in the service of the bank.
of Assistant Cashier of the

—The Integrity Title,

Insurance, Trust& Safe Deposit

Com-

CeBtnry Realty Company voted
on Tuesday to increase the capital from $1,000,000 to $3,000,000. Ten thousand shares of the new stock have already been
sold at $125 per share, and the remainder will be held in the

pany of Philadelphia is now located in its own new building,
work on which began in April last. The straoture is at
Fourth and Greene Streets and is considered very attractive.

treasury.

Bank

—The stockholders

of the

—The Eastern Trust Company has moved from

tempo
rary offices in the Boreel Building, 115 Broadway, to the main
floor of that edifice. The company, as stated last week, has
established a branch on the northeast corner of Brcadway
and Thirty-sixth Street.

—The

stockholders of the Jefferson

Bank

its

of this city, a

State institution with a capital of $200,000 and surplus and
undivided profits of $77,117, will, on September 17, vote upon
a proposition to increase the capital to $100,000.

—Two

hundred and fifty shares of the stock of the MerBank of this city were recently bought at
private sale at $355 to $360 per share, an advance of from 30
to 35 points compared with the previous sale.

cantile National

—Plars have been perfected for the formation of a financial
institution to be

Company

known

as the International

Bank

& Trust

of America, with a capital of $10,000,000, through a

Mexican Trust Company Bank and the CorporCompany. The object of the new company is to
operate in Latin- American countries. The directors of both
the mergit g companies have sigred the agreement and a mamerger

of the

ation Trust

jority cf the stockholders

have signified their approval of the

— President

Mark W. Watson, of the Exchange National
week sent the following self-ex-

of Pittsburg, this

planatory letter to the stockholders

:

"A number of

stockholders have informed the officers of the bank
tbat they have received a communication signed James Klfer, soliciting an option for two months on the Btock of this bank at $100 per
share. * * * The officers and board of dlreotors know little. If anything, of Mr. Kifer, and nothing whatever of his soheme, and have no
lot or part In it. The bank has an honorable history and has paid an
enormous sum In dividends. It lsnowin'a healthy and prosperous
condition, and it is believed by tbe board of directors and officers that
It will be better and safer for all interested if it lie carried on In the
fntnre, as In the past, as an independent institution. It is deemed advisable, therefore, in the interest of the stockholders, to warn them
against the approaoh of tbe promoter, no matter in what guise he may
appear."

The bank's

capital

is

$1,200,000

and the par value of the

shares $50.

—The stockholders of the United Realty Trust Company of
Pittsburg will meet on Wednesday for the purpose of acting
on a proposed amendment to the charter permitting the name
to be changed to the Iron City Trust Company. This change
is desired in order to eliminate all allusion to the real-estate
business, which branch is to be conducted by the Union
Realty Company.
—The vacancy

existing since July in the cashiership of th

'

The Mexican Trust Company Bank was incorporated
First NEtioral Bank of Cincinnati, when Mr. W. S. Rowe
last year with a capital of $1,000,000, which was later inbecame President, has been filled by the election thereto of
creased to $5,0 0,000. The other company is allied with the
Mr. Thomas J. Davis. Mr. Davis comes from the Fifth NaCorporation Tiust Company of Delaware, and both the mergtional Bank of Cincinnati, where he held a similar position.
ing companies have broad charters under the laws of Dela—Through the resignation of Mr. Thomas J. Davis, Mr.
ware. W. H. Hunt, who is the President of the Mexican
Edward
Seiter has become Cashier of the Fifth National
Trust Company Bank, will be President of the new corpora
Bank
of
Cincinnati.
Mr. Monte J. Goble, recently Cashier
tion, and Charles F. Phillips, President of the Corporation
Big
of
the
Sandy
National
Bank of Cattlesburg, Ky., has
Trust Co., will be First Vice President.
plan.

—The Trutt Company of the

Republic will open a branch
about October let in the small ball room on the ground floor
of the Wadorf-Astoria, with entrance on 83rd Street as well
as directly from the hotel. Letters of credit and drafts on
Europe will be handled in addition to the regular banking
business. Mr. Boldt, who is a director in the Trust Company of the Republic, will take an active part in connection
with this branch. Mr. T. C. Clarke, Secretary of the Company, will be the Manager of the branch.

—The

Central Realty

Bond

&

Trust Co. have moved to

been assigned to the duties of Assistant Cashier of the Fifth
National— the position formerly held by Mr. Seiter.

— It

announced that Mr. A. L. Irish has disposed of
147,300 worth of stock at 110 in the Central Savings Bank
Company of Toledo, Ohio, to Vice-President J. P. McAfee,
Cashier E, F. Rowley and other shareholders. Mr. Irish
gives up his interest in the bank for the purpose of investing
his money in a linseed oil mill, which it is proposed to build.
is

—It is interesting to note the gains which continue to be
made by the Ohio National Bank of Columbus, Ohio. While

organized in 1888, it did not become a National institution
They occupy the entire
until nine years later, May 1897, at which time the deposits
first floor of the very beautiful structure which is to be the
were but $747,688. These figures have expanded year by
future home of tbe Chamber of Commerce.
their

new

offices,

59 Liberty Street.

year, so that at the date of the last call, on July 16 1902,
week nearly lhree million dollars was recorded - $2 940,244. This
occupy its handsome new banking rooms on the corner of latter amount is an increase of more than $200,000 over the
Chambers Street and West Broadway. The interior decora- total deposits of April 30 of this year, when the figures
tions and trimmings are of a high order, consisting mainly of stood at $2,713,390. The bank has a capital of $400,000 and
Cazenovia marble and Verde antique-finished bronze. Men- surplus and undivided profits of $126,557. The official staff
tion should also be made of the new vaults, constructed on is made up of: President, John Siebert; Vice-Presidents,
the newest improved designs by the Remington Sherman Emil Kiesewetter and C. F. Myers; Cashier, L. F. KieseCompany. The present management took charge of this in wetter; Assistant Cashier, Henry Deeg.
stitution in 1898, when the deposits were only $1,647,050 and
—The Imperial National is the name granted by the U. S.
the surplus and profits $50,848, while the report to the Comp
Comptroller of the Currency for a new bank in Chicago, the
troller of the Currency under date of July 16 shows the deprojectors of which are Messrs. J. B. Mailers, W. W. Bell,
posits to be $5,958,702 and surplus and profits $367,305.
Jonathan Merriam, E. Burnham and C. B. Stafford. The
Mr. James Rowland is President, Mr. Lewis E. Pierson Vicecapital is to be $1,000,000, with a proportionate surplus, and
President and Mr. Rollia P. Grant Cashier.
the location presumably on La Salle St., although no
—The New York banking house of Messrs. Armstrong, quarters have yet been selected. Mr. Mailers and Mr. Bell
Schirmer & Co. has, through the death of the late George E
were, respectively, the first Presidert and first Cashier of the
Armstrong, been dissolved, and a new company formed National Bank of the Republic when organized.
under the name of Messrs. Charles A. Morse & Co. The
Col. Jonathan Merriam, United States Pension Agent
latter concern is composed of Mr. Morse, Gardner W. Brown at Chicago, has been selected as President of the new bank.
and J. F. A. Clark, the last named a special partner. Messrs. He was the organizer of the Farmers' National Bank of
Charles A. Morse & Co. will act as the New York corres- Pekin, 111., audits President for eleven years; acd for two
pondents of the Boston house of Messrs. Armstrong, Schirmer years was President of the Farmers' National of Springfield,

—The New York

National Exchange

Bank

will next

6

.

.

.

1

.

THE CHRONICLE.

478
and U.

111.,

.

S. Collector of Internal

Revenue

NEW fOBK STOCK EXCHANGE.

8ALB8 OF STOCKS AT

at that city for

nine years.

1902.

—There have been

rumors recently to the effect that a
controlling interest in the Union Bank & Trust Company of
Nashville, Tenn., had been acquired by parties in RussellWe are informed that while
vilie, Ky., and Pembroke, Ky.
a large block of the stock was purchased by Kentuckians, it
was merely as an investment. Oar informant saya there has
been no transfer on the books of the company of anything
like a controlling interest, and it is not thought that any
change ia management or capital is contemplated.

Month

—The Oklahoma Trust & Banking Company

Oklahoma

of

Number
Par.

Bank

Oklahoma City among the

of

The new organization has been

corporators.

Fatties.

Number
of Shares.

Actual.

Par.

Actual.

$

lan

14,779.828 1.888,108.600 1,039,682,016 30.285,066 2.011.631,850 i.081.745,275
12.9H6.W4
1,827.630,050 1,010.047.20* 21.008.882 2.126,087,450 1.578.947,898
876.941.20i- 27,080,068 2,624,011.150 2.,007,084,888
11.967,409 1,143,409.760

'eb.

March

1st or 39,783.676 3.767.048.400 2.027,470.43* 70,248.846 7,661.480.450 16.758,677,661
April..

26,667.74- 8.520,078.476

May...
lune.

13.682 3

i

>S

1.266.813,000

7.884,768

728,992,950

41.719.086 4.089.407.8OO 4.615.023,887
^48.923.814 36,292,20* 3.440.179.575 .6S3.101.469
649.276.81i- 19,705,612 l,980,766,5i» 1,600,640,867

2dqr. 47.9h4.8-W 4 5 14.884,426

3.497,145.841) 98,806,901 9,460,342,926 '7,707,774,623

.

mos.

1.098.046,21

H7,85i.439 S.261.432.826 0,424,616,276J176O56746 1718 1883,376 13468458,884

Inly.... 10,!-52,881 1,557.687.875 1,301.478

A ami st

911 18,084.688 1,677,408.450

14.-14.6 7 I874.6x8.125 1.0*5.788.96

,215.378.902
838,061,498

10.772.021 1.06R.617.S5O

The following compilation covers the clearings by months
since

January

1,

City, Okla., has been chartered, with several of the officials

of the State National

1901.

Values.

of Shares,

&

Banking Company of Wilmington,
Atlantic Trust
N. C, opened for business on Saturday last— one month
earlier than it expected. The bank, of which Mr. M. J.
Heyer is President, is located at 13 Princess Street.

—The

LXXV.

[Vol.

MONTHLY CLEARINGS.

inClearings, Total All,

capitalized at

$300,000.

—The Oklahoma

Bankers' Association will hold its convention at Guthrie just prior to the meeting of the American Bankers' Association. The latter, as noted herein, gathers
at New Orleans on November 11, 12 and 13, and many of the
members of the Oklahoma Association will leave in a special
car on November 9 to attend the convention in the Southern

January
february
March ...

P.Ct.

1901.

1908.

t
10,065,896,294 10.720.800,645

.

S.&S.'niAl'

Clearings Outside
1908.

1001.

1

«

York.
P.Ot.

—0-6 8.788.287.688 3.310.686.772

+00

8 898.946.4 H 10,007,814,918 —11-2

3.014.741.608
3.3-6.02U.91H

8.368.706.815

New

2.740.111,000
3.120,474. 18t

+12*
+VT9
f 8*6

1st qnar.. 37,982,354,183 29.091,881.178

-40

10,138.990.001

April

10,92fl.629.70f 12.016,067,403

8.576.082.118

3,878,178,887

May

10.302.6' 2 321 12,881.374.494

-01
-19

3,686.780,082

3.505,942, 06J

8,217.167.706 10,100.722.739 -1S-7

3.25').010, 94

3,248.940,484

+6*8
+8*3
+0-0

8d qnar... 29,530 200,823 84.966.164,636 -15-6 10,413.781,694 10,133,061,880

+2-8

June.

0,180.271,048 t-10'4

city.

—The

stockholders of the Italian- American Bank of San
Francisco will meet on October 29 to take action on the proposition to increase the capital from $500,000 to $1,0 10,000.

6 months. 67.461.654,016 04,047.985,814 -10'3 20.650.771,596 19,313.382,426

Inly

August

10,179,774,277

0.869.781,408

8,953.042,870

7.990,638.43'*

+8 7
+120

8.5*6,142,690

8.887,864 464

3,136.097,810

3.060.989.568

+64
+9-1
+2'6

—

Mr. P. G. Eistwick Jr. has been elected Cashier of the
The course of bank clearings at leading cities of the country
San Francieco branch of the International BankiDg Corpora- for the month of August and since January 1 in each of
tion.
Mr. Francis E. Beck is Manager of this branch, which the last four years is shown in the subjoined statement.
began business on Tuesday, and has fitted up offices in the
BAUK CLEAKING8 AT LEADING OIT1K8.
financial center of San Francisco at Sansome a ad Bash streets
Augtist
Jan. 1 to August 81.
,

>

1902
%

1901.
s

STewYork...
Uhloago

5,817
6 »1

4,930

Boston.
Philadelphia
St. Louis....
Pittsburg.. .

487
438
177
168
108
98
82
85
41
65
49
36
4^
25
28
35
28
26
23

(000,000*
omitted,,

Clearings by Telegraph.—Sales of Stocks, Bonds, &c—
The subjoined table, covering clearings for the current week,
usually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
once a month. The figures are received by telegraph from
the leading cities. It will be observed that as compared with
the corresponding week of 1901 there is an increase in the
aggregate of 20-4 per cent. So far as the individual cities are
concerned, New York exhibits a gain of 34'1 per cent, Philadelphia 15 -7 per cent, New Orleans 17 -1 per cent, and Baltimore 5-7 per cent. Boston records a loss of 1*6 per cent,
Chicago 9 -2 per cent, and St. Louis 4 8 per cent.
Clearings— Returns by Telegraph.
Week Ending September 6.

1902.

Hew York

$1,0^6,634.562
79,9<0.010
70,46«,O 5
10,»-86,4 30
114,874,720
85,5 6.06 *

Boston
Philadelphia
Baltimore
Ohloano
St. Louis
Hew Orleans

Beven

all oities,

t>

days.

All oltles. 1 day

Total

15,58<,9ti8

126. « 75.886

87,816.720
6.!*<2«01

1

days
Other itm»*, 6 days
Total

88.71 '8,46 <i

all oltles

for week

+88*9

$1,8P0.73».69O
236,017,468

I1.13M

216,O0<»,417

.92

B1.68S 657.15S
865,001, fl6

$1,846,218,0:6
81 •'fir 9.938

+'<'l-6

00,718,874

$l,662,lt-8,014

12.'

0,fi5^

I

-+20-4

Par Value

Aetual

Aver'ge

Par Value

Actual

Value.

Price

or Quantity

Value,

««* {!«.: t
BR.

bonds..

Gov't bonds
State bonds

Bankstooks
Total

.

Grain, bnsh.

Total value.

Eight Months, 1901

or Quantity

Ducription.

ll«,825,297
110.470-625 8,791,882,148 78-6
I6U4.252.5UO 1477,7S« H6
79 1
$05 ',000
1732,10 11*-1
11.59 ',200
179 ,486 49 5
1409,700
$1,811,657 442-2
>

I11S0063 '9'6 $W872956,2
4t)2.572,850

'8

350, 130,493
'9.029 09^.75-

7S*0
770.

«S

,

<£

lfcOl.

1900.

1899.

(b

i,

9

4,858 49.3 21 55.746 33 250 40,801
533
516 5,544 5,015 4,498 4,267
436
540 4,6«j6 4,8-8 *,03S 4.685
341
378 8,852 3.673 3.097 3,200
131
131 1,6
1463 1.0-3 1,064
102 1,430 1,406 1,078
128
98S

752
815
658
590
371
469
337
309
3>3
229
216
215
209
198
160
150
91

655
724
533
47«

8,533 7,619 5,899 6,642 73 033 78 313
Total
420
372
308
297 3,661 3,095
Other oltles..

52,' '98

San Fran'OO.
rJaltlmore...
Olnolnnatl...

Hansas City
Wcw Orleans
Cleveland...
Minneapolis.
ixmlsvllle...
Detroit

Provldenoe..

Omaha
Oolumtms...
Milwaukee..
Buffalo

Paul
Denver.
St.

.....

18

Hartford....

10

48

35
56
26
27
2?
26
25
19
19
10

88
74
61
72
28
50
42
30
39
23
26
22
24
21
18
19
8

81

8"S8

85
68
58
27
44
38
33
38
27
25
19
22
20
17
15
10

799
710
625
424
495
412
332
354
232
237
268
228
194
182
150
95

3

875
352
287
285
213
208
178

197
169
157
144
86

607
855
487
394
278
332
305
268
274
214
186
166
184
160
145
107
92

Total all...
OntsldeN.Y.

P.sss
3.136

7,991
3.061

5.707
2.523

:

2,7 1 8

60,060
2,372

6 939 76 594 81.408 55,'l 6 62,432
25.662 2 866 21 628

2 581 ?7.27

<

i

ptatu tarsi ©arorajercialfSuglisftl&ews
WV^^Ww^/v.-.

From our own correspondent.;
London, Saturday, August 23, 1902.
It being now quite clear that the difficulties which recently
existed on the Stock Exchange were grossly exaggerated,
that the liquidation of bad business is completed, and that
stocks have passed into safe hands, there is a much more
I

+15-5

Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The results
for the eight months of 1902 are given below, and for purposes
of comparison the figures for the corresponding period of
1901 are also presented.
Eight Months, 1902.

618
547
449
175
142
103
86
74
80
35
62

$
3,184

.

1899. 1902

Cent

+34-1
—1-6
+15-7
+8-8
—9*2
-4 8
+17-1

81.274835

7417.H13

cities. 6

P

1901.

$?04,43< 737

i

lyOO.

10 647491 b

Aver'gi
Price

15518892.684

78-5

17*1,617.50" I624.168.f8'-' 1-6-5
$1,4' 3,4 70
»i,« '4.623 114-8
*7-4, 83 -62
$8.22",9O0
1124 476
$8t>7 527 2063

204«012I52'> 161 408' 6,9
577,6:i0.b75

>H

78 8

1 '2.926.420 T4 9-1 0c

16578741.8.

The volume of transactions in share properties on the New
York Stock Exchange each month since January 1 in 1902
and 1901 is indicated in the following:

hopeful feeling than has existed for the past couple of months.
public, it is true, is dcing little. Indeed, most
of the great operators are away holiday-making, and the
attendance at the Stock Exchange is small. Still, there is
more business than there was, and there is an inclination on
the part of the far-seeing to lay in stock.
Moreover, goocl rains are reported this week, both from

The general

India and from Australia. In New South Wales and Queensland the drought has now lasted for nearly eight years, and
the gravest fears were entertained that the two States would
Along the eastern side of
be dipnstrouslv impoverished.
New South Wales, however, this week there have been
beneficial rains.
As much as an inch and a-nalf h*a fallen in
many parts. » Unfortunately, in the western half of the
State the fall has been only about half an inch, and in
Queensland there have been only light showers. Still, as
the winter is now nearly over, it is hoped that the rains will

:

.

September

6\

THE CHRONICLE.

1902.]

continue, and if they do there will be a rapid revival. The
hope is strengthened by the fact that the monsoon rains,
which have betn slack hitherto on the western side of India,
have been good tbis week. Indeed, some of the telegrams
from Bombay say that the danger of famine is now remov ed.
Another circumstance whicb has favorably affected the
Stock Ex hange is the growing: belief amongst tbe great
houses connected With Sonth Africa that the labor difficulty
Onlv about half
is in a fair way of being soon overcome.
the number of native laborers required are yet on the R*ndt,
and tbe increase b >th in Jane and July was very small; but
the mining oompanies are now exerting themselves to the
utmost, and the Government is giving all the help it can,
and the great mining magnates have convinced themselves
that the difficulty will soon be overcome. In addition to
this, the bills for carrying into effect the settlement arranged
between Chili a- d Argentina, have passed through both
Congresses, and it is now everywhere assumed that all danger of a quarrel between the two Republics is removed. Con
sequently there has been a rise this week both in the bonds
of tbe two countries and in the exchanges.
Over and above this, tbere is some buying by the Continent of all kinds of securities, though the baying is not yet
on a large scale. Tbe more far sighted, however, are convinced that before very long there will be a decided improvement in business, both here at home and upon the Continent
Yet there is no sign for the moment of an improvement in
Franoe. A little wbile ago the most careful observers were
all convinced that we were near an on burst of industrial
The liquidation of bad business bad
activity in France.
been completed. Confidence was reviving: and tbe accumulation of unemployed money was immense; but the enforcement of the Association Law has exoited such angry passions in large sections of the French population that capitalThere seems no danger indeed
ists are afraid to incur risks.
of any serious disurbance. Yet tbe saving classes are un
Moreover, there is a fear that taxation will have to
easy.
be heavily increased, and it is thought that the new forms of
taxation will be
>re especially directed against the bour
geoise.
Altogether, therefore, th^re is an unwillingness to
enter into anv kind of new enterprise at home.
But the French are employing very large sums here in
London; and moreover they are again inves ing consiiera-

m

r

bly in Germany. When the crisis threatened a couple of
years *go, the French withdrew capital on a large scale.
Now they are again haying sound German secorities. They
are also baying Italian rentes on a considerable scale.
Money continues in strong demand, and as the Government
is not paying out largely the expectati
is that it will continue in good demand for a considerable time to come. Oq
the other hand, the great French banks are employing immense sums here in London because there is an u ter unwillingness, as pointed out above, to invest at home. All the
sterling bills are being renewed as thev fall due, and the
best-informed helieve that the amount of French money employed here will be increased if there is any advance in the
value of money.
The French banks also are taking an exceptional number
of American bills
Frenchmen hitherto, for some strange
reason, bave never invested largely either in American securities or American bills.
Bat this year they htve oeen taking
American bills on an exceptionally great scale. Perhaps
never before has so much French money been invested in
things American. The probability seems to be, therefore,
that if monev should become scarce and dear in London
New York, France will be in a position to give accommoda
tion on an immense scale, and the less willing Frenchmen
are to invest at home the more ready they naturally will be
to employ their foods advantageously abroad.
In Germany money is very plentiful and cheap, too.
Trade i« bid, although there has been this week some rise ia
iron and coal, and generally there is great stagnation in Garman business. Possibly, therefore, Germany will be able
to employ money abroad if rates rise much in London and
New York. Oa the other hand, the crops in Germany are
exceptionally good this year. It is estimated that the German harvest will be larger than for nearly 20 years That
may lead to a great agricultural demand for
ney, and
may raise rates so as to prevent any great employment of
money abroad. Ia Russia there is nothing new to report,
and generally, except in Italy, business is staguant all over
the Continent.
The India Council continues to sell its drafts well. It offered for tender on Wednesday 31 lacs, and the app'irations
were for over 2,100 lacs. Applicants for bills at Is 3 15-16d.
per rupee were allotted about 2 per cent of the amounts
applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, theprioe of consols, &o
compared with the last three years

The rates

for

-179

money have been

r

ad

m

:

1902.

Aug.iO.

1901.

Aug.

31.

1899.

1900.

Aug. 28

Aug.

23.

£

£

£

£

ptrojUationfUbllO depcslts
Other deposits
Government securities

29.799 370

29.788800
9 6318^3

29.9'74''5
1(>.4<840?
41,lni,7u6

28.?«3 "45

Other ieoarltles
Reserve of notei and oolc
Coin 4 bnl Ion. both departm'ts

26,S1«.921

261-913

r80

28 687.95'

&*
29.BH0 301

26.»-42,b62

87,<

57.S85
89,171.185

81. <

i

Cleartng-House returns

*V?K&,0f"3

3b2*4b68
l'.rw.sas
37.463.C22

53

w-ltt

»

4n.<!H7,<86
18.881 6«3

52

'MH^.

3
9111-16
37Md.

l»0,6e*,000

179.l9o.000

S5 8-16

lv-,-3-

>

13*24

83.3e5.ii9
41
4

98 7-ld

S^d

147,3(4,000

78 9
U8^b5

7,8

40

18.f'74

2<67

;

.'f>9

86 039,404

4816-16

'H

10«SO
MU4.
157.4si.uo0

as follows:
Interest aiiowKl
for deposits by

Oven Market Bates,
Condon

July 26
Aug. 2
9
"
16
•

23

Bank
Months.

2

7-16@2H 2K@2
9-16@3H

2

4

2 9-16

Iraae

Bills,

6 Months. 3 Mos.

Months.

S

~%~

9-16

l%®2 11-16
2«

ll-lf®^

2

Bills.

Joint Wi'iffi.
Stock At 7-14

4

Banks

Jtfos.

3@3K

IK
IK
IK
IK

}»<a3M

it*

2fc@3

3%@8 15-16
3%

2 9-1«@2'}r

3%®3

mm

2%m

3@S

1-16
3 1-1«

Oall

Days

*K
2H
2*

The Bank rate of discount and open market rates at the
jhief Continental cities have been as follows:
August
Rates of
Interest at

Bank

Open
Market

2U
2M
4
4

Copenhagen.

4

..

&

Messrs. Pixley

August 21

Bank

m

4

Open
Market

1%

3

3 5-16

l*i

3
3

IK
IK
IK
»K
2K
2K

8
S
8

8K
4K

nom.
4
4

4

4

1.

Bate,

2%
2M
2%

3

4
4

Bank

m

3K
4K

noo.

4

Open

3
3
3
3
3

August

8.

Bate. Market

1%
1%
IK
2K
2H
3K

8K
4K

nom.

5

Open

3
3
3
3
3
3

1«

8K
4H

Petersburg.

Rank

Auguit

16.

Rate. Market

m
m
1H
m

3
3
3
3
3
3
st.

August

22.

Rate.

nom.

4

4

4

4

Abell write as follows under date of

:

Gold -There ia practically no inquiry for gold outside the Bank, and
th«y have purchased during the week £207,000. Arrivals from South
Africa are not qnite fo large; £30 OOo in sovereigns h*s been received
Bombay. 462,500; Australia,
at the Bank from Australia. Arrivals
£27.000; Cape, £ 20 000. Total. £.09,500. Shipments: Bombay,
£6.500; Colombo. £12,500; Calcutta. £5,0( 0. Total, £24,000.
SUver— Tbe market for silver has kept very steady duiing the week,
ridng imd. for cash and ^d. forward to 241411. on purchases for the
Straits and some Continental orders. We close steady at 24»$d. for
both ready and forward. Price in India 62. Arrivals: Australia,
£10 200; United States. £147,850. Total, £168,050. Shipments:
Bombay. £69.250; Malta, £5,000; Colombo, £1,150; Caloutta, £60,000.
Total. £145.400.
Mexican Dollars- The business in dollars has continued large during
the whole week, and they have risen to 23 Sjd., with a good demand;
£24,t00 of this coin has been taken for Singapore.
:

The quotations for bullion are reported as follows:
Aug. Aug.

GOLD.
Uondon Standard.

Aug.

Aug.

SILVER.

21.

14.

London Standard.

oz
iargold, fine
J. S. gold ooin...oz.
term'n goldooln.oz.
'renoh gold ooin.oz.
•panose yen....oz.

77 9
76 4
76 4V
76 5*
76 4*

m

Prop, reserve to liabilities. D. o.
Bank rate
per oent.
Consols. 2H per oent
BITtm---"-

:

8.

d.

9
4

'Nominal.

Bar silver, fine. . oz. 2414
Do 2 mo. delivery 24)4
Bar silver 00 ntain'g
do 5 grs. gold.oz. 24%
do 4 grs. gold.oz. 249,«
do 3 grs. gold.oz. 2438
oz. 26*8
Cake silver
Mexican dollars. oz. 23%
.

4V
5*
4*

d.

d.

d.

«.

77
76
76
76
76

14.

21.

243i,

24%

,

24Ui«
24*4

H
26

6 1«
j

2358

The following shows the Imports of oereal produoe Into the
Kingdom during the fifty weeks of the season
compared with previous seasons
Jnlted

IMPOSTS.
1901-02.
mp'ts of wheat, owt.68, 621,037
20 693 192
Jarley
late
16.298 716
1,9«4.0JJ
>as
leans
1.809,741
ndian oorn
.45,130.990
'lour
19.130 402

1900-01.
67,312 500
19,275 000
22,315,300
2,326 130
1,763.640
53,176 400
22,124.700

1898-99.
62,111.750
22,238,213
14,6 '3.720
2,253.150
2,084.370
54,504,060
21,643,505

1899-00.
61.533,900
14.684.400
19.878.200
2,464.040
1,527,720
54.847.300
21.652.100

Supplies available for consumption (exclusive of stocks on

September

1):

1899-00.
1901-02.
1900-01.
Vheat imported. owt.68 621,017 67,312,500 61,533 900
mportsof flour
19 130,402 22.124.700 21,652,100
itlesof home-grown 22,708,038 23,080,412 30,871,428

1898-99.
62,1 U. 750

21,643,505
33,449,378

110,459,467 112,517,612 114,057,428 117,202,633

Total

tver.prloe wheat, week. 81b.
tverage price, season. 28s.

7d.
3d.

27s.
27a.

7d.
2d.

28a.
26s.

The following shows the quantities of wheat,
aaize afloat to the United Kingdom:

8d

24s.
26s.

7d.
2d.

2d.

and

flour

1900.
1901.
Last weeft.
Th.it week.
2,120,000
3,609.000
Vheat
1,865,000
.qrs... 1,930. 000
210,000
321.000
^our, equal to qrs.
235,000
215,000
695,0041
Caize
910.000
740,000
„qrs... 680,000
The British imports since Jan. 1 have been as follows
Difference.
1901.
1902.
Per Ot.
Imports.
£
£
£
+90
lanuary
+4,143,882
45,987,516
50,131,348
+4*9
+1,977,152
February
39,714,439
41,691,591
-11-9
—5,528.195
Vlaroh
40,426,056
40,897.861
0'14
—65,689
Ipril
4«,lx9,928
48,265.617
+21
+926,946
*ay
42,426,759
43,353,705
—2-5
—1,045,723
lune
41,711,038
40, 6\315
+2-5
+ 1,0)8,138
July
43,028,822
44.086.96J
. .

—

Seven mos. 306,790,912

The exports

305,416,327

+1,374,585

since Jan. 1 have been as follows :
Difference.
1901.
1902.

£

+0*4

PerOL

£

£

24,254,574
21.3 12.276
22.2 7,238
23,492,529
22.S81.974
21,252,383
26,029,170

24,753,531
21,037,455
25,021,293
21,937,033
23,<36,662
22,444,424
24,335,771

—504,688

—21

—l,192,o41
+1.643,399

—5-4
+6-8

Seven mos. 161,404,744

162,966,169

—1,561,425

-09

Exports.
January
February
viarch
^prll
viay

tune
July...;

1

-498,957
+274,821

— 2.801.055
+ 1,505,496

-29

+1-3
—11-2
+6-8

2

'

.

:

8

(

.
.

THE CHRONICLE.

480
The re-exports of foreign and
show the following contrast
1902.

*
Re-expokts.
January
5,340.446
March
April

May
June
July

colonial produce since Jan.

[Vol.

The following table shows the exports and Imports of
the port of New York for the week ending Aug. 30
and since Jan, 1, 1902, and for the corresponding periods in
1901 and 1900.

1

1901.

Difference.

*

*
+289.139
-162, 87
—8*6.054
+387,942
—799,482

Per Ot
+5'7
-2-7
—17-0

1

5,2<>0.525

6,286,007
6,056,229
5,522.270
5,526,083

+62

JZxports.

—15-2
+0-6

+8rf,>358

Week.

—1*9
—755,388
39.608.709
38,^3.371
Note.—The abrogate figures are otflolal. They Indicate that slight
adjustments have been made In the monthly returns as issued.

SinceJan.

If on.

tut*

Wed.

per ounce
Consols new. H
For account

6

Silver,

248 18
94S 16

24k

24 k

24

,

p. ots

07 k

117*4

146k

Canadian Pacific
Chesapeake & Ohio...
Ohloa. Great Western.

97 k

97k

148k

148k

148k

147k

147k

57k

57

59

57k

35k

85

Paul... 191
50«8
do Preferred. 97

191k

191k

57

St.

common

Or., com...

Mexican Central
Mo. Kan. & Tex., com..

66
Preferred
National BR. of Mex...
Preferred
V. oent'l A Hudson.. 168
M. T. Ontario A West'n 36*8
75
Norfolk A Western

.

do
Do
Pennsylvania

98

97 *

48k
78k

41k
73*

43%
73H
68%

59 k

59

176k
159
30^8

I7«k
159k

36
69 k
21
48

34«s

66
168

37k

37 k

37
75 k

75
95

76k
96k

96k
83k
36k

83%

35
70
11

44k

84

S!

39

39

46
39

79k
4lk

79's

8

41k

99

41k
99k

b9k
45k
40 ^
82k
4lk

99

99

114k

11438

94 k

94 ^

42>«

42k

86

,

Preferred
U. 8. Steel Corp., com.
pref.

Wabash
Do preferred.
n*h. "P"
Do

k

xillk
x95

92k

P2i*

35

35

49k

49k

42k
92k
35
50
80

30

41%

44 k

170 <*

:69««

37%
79k

36%

9tik

96k

BANES.

8*%
88 k
46
41

37k
46k

81k

81

40

95 k

114k
94^

4?k
92 »s

43k
93%

43%
93k

86k

35

3t

50
80

60k

94 lg

k

81

isoU"d April 25.

5,258— Certificate approving change of title and location of the
Groveton National Bank. Groveton, New Hampshire, to tbe
Ooruam National Bank, Oorham, New Hampshire, issued
April 30. 1902.

2,702—The D^-Kalb National Bank into The First National Bank of
DeKaib, Illinois, approved May 18, 1902.

Week.— The

following are
the imports at New York for the week ending for dry goods
Aug. 28 and for the week ending for general merchandise
Ang. 29; also totals slnoe beginning first week January.
FOREIGN IMPORTS.

Dry Goods
Oen'l mer'dlse

Total
Since Jan.

1901.

1900.

1899.

62,610.697
7,561,672

S2.141.852
7,058,323

11,825.156
4,738.635

92.146.773
7,387,194

10,172369

99 200,175

96.663.791

99,533,987

1

Dry Goods
81 463,584 »7 1,273,034
Genl mer'dlse 288,186,277 302,194,911

881,934.709
282,084,760

#70.018.407
274.3-53.525

for one week later will >e found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept 1, and from January 1 to date.
EXPORTS FROM NEW TORE FOR THE WEEK.
f

in

For the week.
Prev. reported

•8 005 511
306.6H9.64S

1901.

1899

S8 287.481
354,622,070

*7 414.323
293,987,460

647 «362 909,551

jf300. 401.783

812,021,555

Total 35 weeks »31 4,695. 159 »350.8

Note.— As

1900.

$3,816992
18

2.485.603
3. '91,456

941.710

84,2I5..'0'^

SttryltM.

Loan*.

SptCit

Lttal*

$

9

9

9

3.000,0 1.318.H 18.888.1
2.000.0 3,476.6 18.383.0
1.600,0 8,876,3 19,789.1
vmerloa
1,000,0
366,1
6.793.0
26,000.0 16.166,1 138.081.0
800,0 7,212.4 34.013.1
800,0
383.8
6.321.7
Merchants' Ex..
1.000,0 3,118.6
8.804,7
Gallatin.
800.0
77,4
1.816.0
Batch.* Drov's'
161.6
400.0
8.616,0
Meoh.A Traders'
184,6
300.0
1.184.9
606.8
Leather Bf'l'n..
600,0
4.6«6.1
130.4
6.765.7
Seventh Natlon'l 1,700,0
Amerloan Exob. 6,000,0 8.480,1 38.941.0
^ommeroe. ...... 10,000,0 7,368,6 78.403,11
7.155.9
1,000,0 1,874.8
Broadway
1.000,0 1,886,8 14.376.6
Mercantile
649,0
8.364,4
433,7
0.047.8
460.0 1,010.6
861.8
3.116.6
300,0
North America.. 2,000.0 1,968.9 10.669.7
S.000,0 5,753,1 48,538,2
Hanover
978.8
6.663.0
1,000,0
601.3
6.834.9
1,660,0
Jltleens'
396.9
3.869.8
600.0
0.843.8
900,0 1,017,1
Market* Fulton
4.211.8
366.7
Shoe A Leather 1,000.0
'orn Exchange.. 1,400.0 1.838,3 34,297.0
430,8
1.844.0
8OO.0
Oriental
imp't'rs'ATraa. 1,600,0 6,283,0 38.104.0
63,824.9
s.ooo.a 4,803.6
Park
1,188.6
146.6
36O.0
8,000.0 3,669,7 31.392.1
Pnurth
667.3 10.046.0
l.OOO.O
9.647. o
800.0 1.174.4
10,000.0 12.374.6 77.048,0
6.168.7
367.3
600.
S.Y.Nat'lExch.
2.587.0
773.8
360.0
3owery
011.1
8.975.4
300.0
S. V. County
8.729.7
486.1
750.0
ierman Amerl.
1.000.C 8.181,0 41,769.7
8.P40.1
100.C 1,483,8
Birth Avenue...
621.4
3,884.0
300.C
German Kxoh ...
860.1
3,966.2
300. C
10.M6.li
800.0 1,189.0
7,246,8
1,000,0 1,382.1
3-arfleld
3,324.1
890.4
3OO.0
Fifth
7.843.8
Bank of Metrop 1,000.0 1,383 8
2.921.0
472.
I00,(
13.828.0
1,128.4
seaboard
600.(1
1.100.0 3.049,4 89,469.
Western
4.C83.0
683,0
800. (
1st Nat., B'klyn
7.826,0
7».5
600.0
liberty
4,640.6
443,1
Ex
1,000.0
tf. Y. Prod.
7,023.8
664.1
600.0
^ew Amsterdam
k«tOT

the figures of exports as reported by the New York
Custom House from week to week frequently show divergence from
the monthly totals, also oomplled by the Custom House, we shall from
time to time adjust the totals by adding to or deduotlng from the
amount "previously reported.

491.4
443,4

860,1
600.

United States..

9856,816

8 0,*
968.3

4262
307.0
79.1
918,9
1.88 4.8

6.1630
9.60i .6
1.062.6
3.182.2

327.3
798 8
318.0
6

9.304.9
079.7

9 J 9,0
461.1
1.074.0
907,9
3.669 ii
140.1
4.067.0
18,630.2
104,2
3.403.1
3.724,0
1.525
10.3WJ 6
973 4

868

7438
697.6
10,148,9
2,335,2

320

4114
1,056,3
1,559,0

471.2
1.607.0
472.0
3.119.1

7,983.7
664.0
1.825.8

630
1,44

4,148.0
4.399,8

t

814

9

P.O.

16 813.0 36-0
80.203.0 33*0
16.002.6 334
18.849,0 95-6
31 691.8 249
6 861.0 38-8
HI. 688,0 36-6
3.350.'
33080.0 38-9
689.1
6.669.4 26 6
840.7
0.885.0 20-1
00.1
3.088 6 28-6
886.0
8.644,0 19-7
187 9
1.062,4 23-4
331.0
4.442.9 26-0
0.H66.O 36-2
889.
3.30)0 34.3.6.0 30'4
0.003 2 68,301.6 31-0
374.3
6.117.0 21-8
1.760,l>
16.343,8 36-6
418.2
8.025.0 17'5
806 8
0.118 9 20-1
670.2
2.046.7 29*6
1,30 '.1 16.789.7 24-8
6,517.1 67.198.8 274
6126 4.839.0 346
6.202.9 25 2
650.5
33-3
8,202
331.2
0.818.0 20-8
769,0
4.827 9 258
358.9
24*8
3,943.0 17,0e4
1.780.4 26-4
810.8
1.209.0 20,7780 268
4.134 8 00 058.2 20-4
1.398,1 270
160.0
3.013,0 38 4*1.0 269
1.3H.J 18 338.0 28-0
10 829.0 25'8
1.006
3.130.0 73.696.5 26-5
881.9
6.170.8 281
3.904,0 30-7
350.0
4,727.0 23-5
871.7
8.639.8 23-0
383.4
3,866, e 49.890.9 250
1482
9,814.3 368
8,080,8 25'8
662.8
4.663.1 22*8
062.0
3.039.2 11.989,8 257
7.180.6 256
274.6
3,487.4 25'
161.9
8.097,9 248
441.6
830
3,105,0 25*6
1.979 .0 15,277.0 288
3,611,4 46.511,0 25-4
789,u
4 662,0 30-7
7.604,6 27-3
426.1
4.400,1 23 4
899.1
7,832 4 25'0
612 C
4.060.0 24 8
174.C
85,'
8.970,4 24-4

1.781.0
1.980.0
1.668,0
1,380.0
3.701.7
885.0
7,818,0

3.603.0
7,707,0
1.904.6
3,140.0
2 0«0,8
1 013.0
21,748.0
4.607.0

3 716

DtpoHtl tero*

4

y
(

8869

100073/ 1146871 910,040,0 '67427ol76,31\4 916.998,5 26-0
r

New York City, Boston & Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.
Capital

Banks.
». V.»

<*

Swpiu».

Loan*.

Specif.

9
9
9
80P.H P26.494.H 1714684
J
29,14H
609.8
1708380
609 H 18,687.9 1716633
809.8 910.040
1674270

)tpo$it»A

Ltgalt.

~$~

9

77.473.1'
9.. 314
70 350.
10.. 314
" 38.. 214
76.34H.''
" 80.. 314
• 0,816,4
Boa.'
6.936.0
Ang. 18. 63 M2.0 186,923.0 16.906.0
6.197.0
63 823
187.988
16,687.0
33.
••
0,083.0
80.. 52 823.0 180,648,0 14,970,0
Phlla.*
187.630,0
Ang. 10.. 44 764
50,648,0

Ang.

1903.

910.864
63,218
475.835

32,84.1,005

9

Total 85 weeks '372,619.861 9873.467 915 1364 019.459 $344,401,932

The Imports of dry goods

9821,235 832.899 841
1,184,170

tieohanlos'

is

1902.

1.590

Merchants'

from the Treasury Department.
CHANGE OF TITLE AND LOCATION.
4,070— The Merchants & Planters' National Bank of Bryan. Texas.
Certncate changing title to The City National Bank of Bryan,

for week.

6,17t

54.045
383,440
3*7,031
18,266

dank ot N. T.... 9,000.0 3,930,7 17.440.0
Manhattan Oo... 9.060.0 3.886,0 93,878.0

86

•

Imports and Exports fob the

81.962
7,312

Capital

78

Commercial anfl H^tiscellaueous^eto
National Banks. —The following information regarding
national banks

92.907
1,088

Mew iork Ultj Clearing House Banks.—Statement of
londltlon for the week ending Aug. 80, based oo average of
lally results.
We omit two cipher 8 (00) in all eases

34%
68%
21%

40
99

HO

SinceJan.X.

Week.

1

coin.

Price p«r share

*

Since J an.

Of the above imports for the week in 1902 18,800 were
American gold coin and $1,817 American silver coin. Of the
exports during the same time $602,000 were American gold

72k
58k
7«k

113%

5(>k

Total I9ui
Total 1900

97 k
43

41
09i«

15k

\

157

30k

169

lt,8%

Imports.

Ul other countries.

60k

158

35k
70
22

81.656,628
2.008.593
1,620,087

9745.060 $21,468,380
598 435
34,227
1,000
152,587
1,948
62,661
120,700
40,000

Vest Indies

117%

177

30 >«

44k

Southern Pacific
Soot'i'n Railway, oom.

do

97 k

43

159

35'e

Pacific

5lk

44%

& Bead

•Phlla.A Read., 1st pref
* Phila. * Read;, 2d pref
Preferred...

51%

176k

95k
83k

pref.

193*4

.'Ok

73k
58k

34%

Week.

196 k

192**

50k
97 k

42 7e
72 8

lat preferred
58 *
2d preferred
176 k
Illinois Central
Louisville & Nashville.. 168k

Do

97**

118k

57k
3sk

Brie,

Union

108

35 84

&

107%
118k

108
118
98

86 k

A Bio

'Pblla.

107 k
118

97 k
106

97%

$68,398
160,044
81.761

Mxportt.

5k

6k

5«8

98k

85k

Den.

Do

5k

98

$2,305
147
26 000
29,946

Silver.

24

241,e

29,205,781
47,145,004

'ii',490

m.

Tkur*

93»,«
93 k
93%
93%
94
93 k
98%
94
01"52>*
101-50
101
65
101 65
8l 7e
(•3%
83 k
83k

x94

k5>*
X34 1*
Fr'oh rentes (In Paris) tr 01-07 »»
83 *
fl 78
Spanish 4s
5*8
Anaconda Mining
6k
97»«
98
Atoh. Top. & Santa Fe.

Preferred
Baltimore & Ohio
Preferred

9502,000 926.008 495

Total 1902

S\nceJan. 1.
94,866
487,550
25
243.804
21.752
796,076
152,555

1,375 294
103,046

other countries.

til

The dally olosing quotations for securities, etc., at Londot
are reported by cable as follows for the week ending Sept. 5:
Sat.

Import*.

Week.

1.

$184,625
18,774,514
4,921.099
601.141
48.776

$2,000
600.000

Financial Mantels— f •* Cable.

LoHDOH.

>

Gold.

+9

+503.4A6

MEW YORK.

EXPORTS AMD IKPOBTS OF SPECIF AT

Seven mis

ttnatlis*

LXXV.

ipe'iie at

5,051,307
5,9b6,288

5.804,101
4.314.471
6,673,949
5,256,747
5.60 1.128
6,034,-29

February....

Ohle. Mil.

.

"

•

"
*

38..
80..

44 764,0 188.361.0
189.170.0
44 784

Wt omit two cipheri

60,415.0
66.886,0

'.

Oirc'i'n.

OUarine*.

9

159.643,0
'80.248.0
•48,389.8
'35.998,5

31.880.3 1186(480
33 105.1 13636638

208,321.0
104.783.0
'00 382.0

6.030
119.847.0
6,061,0 114.899.0
6.090,0 103,321,3

218 678.0
219.791.0
J19.978.0

8.936.0 94.837,0
9,029
108.110.6
9,037,0 93.988,7

in all thtte Hgvru.

Including for Boston and Phlladelonla the Item

3 2.414.9

13755584

32.936,1 13708701

due to other banki."

.

.

...

6i

.

September

6,

THE CHRONICLE.

1902.]

Keports of Non-Member Banks.—The following Is tbe
itatement of oondition of the non-member banks for the
week eDding Ang. 30, based on averages of the dally result.
We omit tier o*t>her» 'Of)) in all rnse*.
Loans A

BANKS.

Car*

HUT

(OOf omitted.)

tal.

oiuj

TOM

NSW

t

Oolontal

Columbia
Fourteenth Street
Oansevoort.

Hamilton

Mount Morris
Mutual
Nineteenth Ward.
Plasa
RiTeratde
State.

..

Uepos*t

Lss. 1

Invest- Specie

AB'k

ments.

Notei

.ia*ii

Othc

'"'Jear'e

iV«t
'«»Of4»i

Agent. Bks.Ac

CITY

Borough Of
Manhattan,

.«•«•......

Twelith Ward.....
Twenty-third

Wd

TorkTiiie

Washington.
ridehty
Tartek
Set ereon
Century
Wajn'rtonHelchta
Cttlted National...
Bcro'h of Brooklyn

I

I

100.0
300,0
100.0
200,0
200,0
250,0
200.U
200.U
100,0
100,0
100,0
200.0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
100.0
1000.

160.0
100.0
Broadway
800,0
Brooklyn
100.0
Eighth Ward.....
100.0
Fifth Arenas.,.
Manufact'rs' Nat'l. 262.0
600,0
Meohanloi
Merchant*'
100.0
Nassau National
800.0
800,0
National City ...
100.0
North Side
100.0
Peoples
u
Serenteenth Ward 100,0
Sprague National. 200.0
100,0
Twenty-sixth
aoo.o
Union
100,0
Wallahout

Bedford

Wd

.

.

2029,8
2985.0
1857.7
1496 2
1810.9
1302.6
1802.8

240.8
"
101
884.4

2825

16025
942.1

6082.0
1414.0
1141,2
1666.2

73.3
82.2
262.0
43.3
106,
62.8
77.1
67.6
100.7
209.1

47.6

124
92.8
11.6
94,2
140.4
80.0
30.0
102.0
17.4

155,7
100.0

188,7
374.0

2769
152 9

77 6

17868

115,6
308.5
197.1
289.8
174.9
69,7
114,0
162.0
89.6
181.7
48.9
48.9
84 4
117.4
33.0
24.6
61.4

6,o
68.i

1913,4

181.4
68.4

174.0
175.0
182.0
129.0
44.4
82.8
61.1

11,1
765.6
lo.c
698.4
730.1
3.5
1181.6
5.6
248.2
8,2
43i,e
7.8
3170.8 353.8

.(

183.7 1461.4
199.8 1048.9
170.8 1448.1
819.2
17.1
780 8
80.9
2906.0
482.
S6a,t 8174.9
88.7
861.4
628.8 4081.0
576,2 2941.0
153 8 1042,4
186.7 1256.9
75.9
626.9

13.7
6.9
60.8

83.8

81.0
10.2

68.6
40,1
28.1
76.8
184.6
66,8
388.0
3S7.0
47.8

50 6

882

84

43.2

102,1
602.0
477.0
40.2
84.4
86.9

26

224.6

89 8

43.1
66,8
64,2

7.2

866.v

313

1

10.6

1900

80.4
12.«
89.7
83.4

661.6
1297.7
796.4

1932

109,2

•>«»>»

b«»h.

*Ms.

832 070

41,215

92.769

116

87670

Exports from

New York

8M.R32

....
aoston
un.acd, Me.
miadeipbla..

49

o<io

4<4

Quebec

661.0
781.8

74.9
96.6

25,0
100.0

lit Nat., Sta ten la)

5,906

50,987

389-3

28,193

93,453

71.981
43.762

10 4.863
56,456

b.818
1.397
2,67 A
8.571

45.000

Total week. 5,55" 331
jam* time '01. 3 Ob0.0a4

330,580
386.910

45.183
8jS.4->7

6503

The destination of these exports
July

18474

7
19.6

1742,8
743.6

"*4

569 2

i

111.6
70.

18,8
24,0

284,>»

20.0

21.0
64.0

93/
60,f

89

t

718,6
1075 8
148,6
276.7
1358,6

i663 4
1824
1470 4

8«0 4
784,4
3821 8
4614.7
917.8
4606.0
3222.0
1004.6
1801,6
638 3

60

887 6

t58,S
121 1 1,386 8
88.t
778,0
4.6

18

118,8

640.6
736.4

6

1468

.

M

Totals Aug. 80.
Totals ADc;. >3Totals Ang. 16.

8812,0 P383

8812

4

t>383 4

8612,0 9383

4

288,8 1144.8 1079

4813.3 360,0
2808,0
78,4
1174,7
72 4
1187,7
67.2

400,0 991,7
S60.0 819.1
260,0 804.4
200.0 268,0
110,0 193 f
126.0 127./*

1278,1-

1082,0

111.7
27.1

73 6

176

16.9

28S8

70
18

1

832 6

1

131.6
60.2

28,8

J1

76 6
lo.f
27.4

214
19.r

6843.8
1838.8

-Wheat.Sintt July

-Flour.-

Week

Exports for

ana

teeth

July

Aug.

since

784102 3875.8 3988.4 8848.2 2*80,« 10830 9
^48081 4440,0 1976.8 8516.2 J314.7 -10148 1
74086,9 4451,7 4968.6 7898.1 3377.) 79843.7

Pleur.

Corn.

(Vhsmt

Bant;

Oati.

Bill lBdibf <Huh ««!h» Bush. Ml*, 8t»sJi.RBlb»
119 -.5
1,695 070
476,395
2,759.064
34.200
Ullwaukss
74,835
88.8
138,600
67 391
20.638
152,600
1.2T0.A60
63,900
Minneapolis
384,160
83,000
667 631
814X00
69.1v0
18.*21
168.431
8 600
Cleveland...
69,351
56 037
14.912
432 894
St. Louts ....
1,087.620
111,860
443.649
46 900

Hush

6,716

166 839

38.530

241,7,6

2.63 >. 165
8.953 93 >

5,5V),8'4

27661,68'J
42 88 1 973

45.184
603,036
648 487 10 577.023

bush.

bbls.

M

.

15 3 !* 672

17,'<OD

38:4,390

2,685 576

l^,089.-<70

176 411
308 977

>eee

2.705

4,460
718

1600

13 604

9>12

29.168

• • »

8 890 091

Do
afloat
toston.
siiadelphia.....
iaitimore

Oats,
busa,
808 100

Corn,

tTksat,
bus*.
726 ooc
08.000
119, 00
466 000
977,100
1,266 HOC
760,000

at—

i» iters

164.000

10,360

64,400

427 642

1.022.E0

401775

5,878 904
6,470.620

Kansas Olty.

bush.
148.000

"8, 000

Same

119.A00

31800

172,170

26 740

800

17,500

16.162

10,000

30,00*0

33100

6.000

6S6*,006

n.000
9I,0j0

'"iim

1,1 16,008

71.000

'1*5*600

810.000

iio.ooo

847.000

456 900

"'8,000

110.000

83,000

8,815.000

1,816.400

m

"27.000

'

I4,0rtn

3,000
'

86. '00

*a-»«i it s

5,600

13,300

93,6001

t

6,359110

580.219

3 055,561

3,625.930

1,102,873!

239,193
891.105

2,994,303

4,711,719

410,548

86,188

7.177.883

2,082 784

31,668.468

977.122

2,092,781

32,849 914

6 878.673 28,278,' 81
13.S99.X61 23.462.109

1,437.523

ion

2.644,519

1,787.771

1,813,877

33.210.451

13.214137 22 748 007

1.3 8,84V

428.324

,

The receipts of Boor *nd gram at the seaboard
week ended Aug. 30, 1902, follow:

ports

niedo

Do

tfaiat,

Mil*
126,353

102.660
16,440

Montreal..,
fhlladelphla.....

48," 46
lr.f>14

7612rt

88\219

Baltimore

yc.v-io

6i 0.W91

15H91

Blehmond

3,6 l
10.445

9>08

55,042
9.000

Boston

Haw

Orleans*..

Newport News

Norfolk
SraiTetton
Portland. Me

Pemaoola
Mobile

Quebec
Total
„
Wnk 1901week...

6".9u7
7.332

426.000
D16, 160

l/>97

639,700
128 i3t
53.000

2,67*
g,671

"45,000

713

4(4 403

4.0414.570

441126 3 6.6.969

0«tS.

Cern.
bu*h

1 038 650
284,157
206,466

18,190

Bye.

SUIA.

»us*.
16.675
1.075
17,476

2,400

811.913
608,474

Total receipts at ports from Jan.
follows for four years:

1

1.8W.847

2.40)

1,056,512

15,80.1

to

1

Orleans tor roraun

Aug. 80 compare

"B.000

*

61,0*00

410.000
363,000

1.000

41.000

>o'<i

114,000

Minneapolis

1.7S-8.00C

" 3,000

116 b"6

onnn

44,000

uonls.

4,129. jUK

86.UO0

13,000

17.000

700 000
6j6,000

18.10C
7.000
58 000

46 000
1S8 (00
20 (00

31.000
4.000

1.689,000
680,000

i33,000
26,000

182.000

20 966 300
2" ,689. 000
37,7hu,000
iVtal Aug. 31, 1901..
Tota Sept. 1. 1900.. 5 ,386 000
refill Sept. 8 '8oo
8« 87i.ono

~i!o'7,ooo
8,428 000
11.078,000
5,814,000
6.735 O"*1

2,033.000
2,073.000
6,001,000
9.*»4 000

ft.

St.

will 'mi Pt. Arth or

Do

afloat

11.000

7,000

18,

...

vansasCltj

'

734.000

n Mississippi BlTer
<n

eanal and rlTer.

Ang. 80

"otal

1802.

A og. 23

Total

..

lk)U2..

1

666

KM)

891 000
1,489 000

168.000

6 085 "VI

Sift.nno

108,000
126,000
644,000
649,000
041.000

—Among other securities the following, not
were recently sold at

regularly dealt in at the Board,
auction,

By

SSI OOO
60.000

Messrs. Adrian H. Muller
Sharet.

&

Son:
SKaret.

I

1501*
325 Electric Oorporation..$50 lot
6 Seventh Nat. Bank
3 Niagara Fire las. Oo
2*0
1 Panama Railroad Co.... 70
7 First Nat. B,n* of N. Y.775>«
By Messrs. Richard V. Harnett
Co.:
16 Bonds of Atlantic & Gulf RR. Co., $1,000 each
$260

&

Satikittfl

Spen<
&

29 PINK

and

Ifttratittale

Trask
BANKERS,

sr

STREET,

&

Co.,

NEW YORK

-

nankin* business; act as Fiscal
corporations, and negotiate security
issues of railroads and other companies. Execute
commission orders and deal in

Transact a
Agents for

°r eneral

INVESTMENT SECURITIESBranon

&

Office,

66 State

St.,

Albany

White,

Members
Terk Stock Exchange,
1 NASSAU STREET, CORNER WALL.

Dealers In Investment Securitlei.
TeL 6820-6881 Cortlandt.

Telephone Stocks a Specialty.

as

Tracy

1890

1800.
14.080.185

Wheat.

.bosk. 80,308 170

107 879.754

Corn...
Oat. ...
Barley
ay*. ...

la.x84.0M6
29.871.wv2
l.rOK.463
1.977.192

52.h6h.097
8.188.153
3,766,269

6S 217 049
124 7" 2 179
50 470 4*41
7.645 *51
1.7 6 209

77.776 S07
128 946 891
68 24",IA5
4 288.559

847.870.172

276.497,191

257,748,148

OO

S2,66b'

60,642
68.708

1801.
14,610.470

91244,181

441,

'67.

..

Members N, 7. Stock Exchange.

bbls. 18,381 839

125.9i9.783

afloat
afloat

19.877
5,610

1

Total grain

Do
Do

Moffat
New

Beeelpts do not Inoluds grain passing through
ports on through bills of I »d re

1902.

,

40.600

11

flam*

1,279 510
160,110
2.3(0
245,069
1 17,91.8
46.190
15,876

*

Beeeipt 3 Of—
flour..

afloat

kieago

to:

the

flout

afloat

|

15,691

875,891

£««»< «i-

busk.
S.0Q0

I

1.000

wk.'Ol
earns wk.'OO.
Since Aug. \
1802

"ew York

Barley

7.000
1 000
17.000

laiTeston
aontreal

Oo

By*.
busk.

I

322,900

68,100

767,600

Tot.wk.190S

161.860

1.

247 uv
232,u00

<ew Orleans

Auction Sales.

209,000
29.799

bus*

2.843,2.48

The visible supply of grain, comprising the stocks la
.ranary at the principal points of acoumulation at lake and
eaboard ports, Aug. 80, 1902, was as follows:

t»

4817>« n*> *<•

Aug. 30.

1802.
hush.

880.580
896.910

.her oonntrles

1.

1,666 837

;.

S-oUl 1900-01....

Aug. 30

1902.

1,

J

bbls.

Total

-Corn,Sine* July

Week

We<k

Since July

1902.
bus*.
140.075
172,388
84.168
166.850
60,418
88,698

to—

1

8

Jnited Kingdom 814.774
89,044
ontlnent.
4 C. Amerioa. 29.04 9
31837
Vest Indies.....
9.170
lr.N.Am Colo's

11138
1298
1888 7
1O06 8

Breadstaffs Figures Brought from Page 512.— The
itatements below are prepared by us from figures oolleoted
by the New York Produoe Ezohange. The receipts at
Western lake and river ports for the week ending Ang. 30,
and sinoe Ang, 1, for each of the last three years have been :
•snips s at-

week and since

for the

below:

1901, is as

1,

1861,0

Other Cities.
1st Nat.. Jer. City
Hud. Co. Nat.. J.O
td Nat„ Jer. City.
Id Nat., Jer. City
1st Nat., Hoboken.
Nat., Hoboken.

5«64
12,619

1803 6

8

86

484.1

37.8
10.0

16.8
43,4

bush.

5,861

7 BX2

21.000

Borouth of
Richmond.
Bank of Btaten Isl

bush.

9,113

1,800

36,818
8.201

1.200
2,668

•11* h

hush.
R0

86,'

718
5»7

1' 8.3:42

B5w.»-4l
taltimore
ew Orleans. b2u.832
Oorfolk
lewn'rt Newt 316,160
68-2.877
Montreal
^iTHl'nn..,. 1.4K7 0O0
66 001
Pensaoola.
Mobile

929.7
105.0

82,'i

79 6
26.0

2804
1863 2

The exports from the several seaboard ports for the week
ending Aug. 30, 1802, are shown In the annexed statement:
wheat
Corn,
Rye
Oats,
Pssj.
flour,
Barley

2987 8

113,9
338.6
113,2
47.9

113,11

89.0

(615 1000.9
66.9
185.0
63,4

42

13.7
13.4
72.C

3143

64.1

134,11

60P

8.0

3205,0

86 8
138.1

87.0
44.1

I

ioo.o

1344

76f

8380

«

f

I

168,1
248,4
98.8
42.9
110.
91,6
180,7
170,6

481

14,0 '.1398

&

Co., Bankers,

No. 40 Wall Street,

CHICAGO.

K8W YORK.

Conneoted by prirate wire.

MILWATJKM.

Dealers In High Orade Bonds.
List of Current Investment Oferings sent on Application.

4,385278

Mamh .„ J New York
Members
j

Stock Exchange.

Cbicgjg0 gtook

Exchange

de£"
Commission
Marketr.
Executed In all °J

.

THE CHRONICLE.

482

LXXV.

[Vol.

St. Louis, par; San Francisco, 2%o. per
$100 premium.
United States Bonds. Sales of Government bonds at
the Board are limited to $60,500 3s, coup., at 106% to 107%.
The following are closing quotations (or yearly range see
third page following.
SI, 000 discount;

f

%VL\xkzts (Saseitje.
DIVIDENDS.

—

;

Name

Per

Company.

of

When

Cent Payable]

Books Closed.
(Days Inclusive.)

Interest

Periods

&

KallroBdH

(Sir>nm'i.

East. Illinois, pref. (quar.)
St. Louis & San Fran., 1st pref. (era.)..
West Jersey <fc Seashore, com
Chic.

1^2 Oct

2Vj

Oct
Sep

8

Oct

1

1 Sep 11
1 Sep 18
15 Holders

to
to
of rec.

Sep 14
Oct 1
Sep 2

Banks.

New Amsterdam
TViinI

National (quar.)

1

Sep 16

Oct

to

1

Sep

30 Sep 23

to

Sep 30

1^ Oct

Sep 18
2 Sep 7
2 Sep 7
1 Sep 14
1 Sep 21

to
to
to
to
to

Oct
Oct
Oct
Oct
Oct

2

ftllNcHlancoUNRefg.,~com. (quar.)...

do

do

Dominion Iron

1930
registered
coupon
1930
1930 .sma-Lreglstered
1930 .small
coupon

oiiiiigioU'N.

*

Amencan Sugar

2s,
2s,
2s,
2s,

do

pref. (quar.)...

1 34
1 34

Oct
Oct
1>S Oct
1 34 Oct

1

8s,
3s,

1918, small.registered
coupon
1918, small

1

2
2

4s,
4s,

coupon

1907
1925

registered

1

1

3^

Steel, pref

1
1 54

l>a

United States Printing

(quar.)

Oct
Sep
Sep

1 Sep 17
1 6 Sep
9
30 Sep 24

Oct 1
Sep 16
Sep 30

to
to
to

1

WALL STREET, FRIDAY,

SEPT.

IWU4.-5 P. in.
The Money Market and Financial Situation.— The fact
that there has been more activity in Wall Street this week
than of late and more than is usual at this season is due
chiefly to the interest now manifest in a few leading issues
of railway securities. This interest is most conspicuous in
shares of Pennsylvania, Reading. Baltimore & Ohio, Norfolk & Western and Chesapeake & Ohio, but extends to New
York Central. St. Paul, Wabash, other granger and Southwestern stocks, and to Manhattan Elevated. Various ru
mors were afloat in regard to the first-named group Considerable curiosity was excited as to the motive for acquiring
100.000 shares of Pennsylvania in one day on an advancing
scale, covermg 5 points, but the earnings of the lines directly operated east and west of Pittsburg tor the month of
July, just published, showing a net increase of $952,900,
may easily have proved a sufficient incentive.
The buoyant tendency of the market during the first part
of the week has not, however, continued without interruption.
Tne Government report referring to the cotton crop
was very urifavorable and there were reports of damage by
frosts in the corn belt. The latter were probably greatly
exaggerated. In addition to the above, and no doubt more
effective as a deterrent influence, the money market has
become decidedly firmer, and call-lean rates advanced on

Thmsday and agam

5,

to-day to 8 per cent.

The open market rates lor call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 3% to 8 per cent. To-day's rates on call were 3% to 8 per
cent. Prime commercial paper quoted at 5 (a 5% per cent.
The Hank of England weekly statement on Thursday
showed a decrease in bullion of £^93,969, and the percentage of reserve to liabilities was 53*04, against 51*79 last week,
the discount rate remaining unchanged at 3 per cent.
The
Bank of France shows a decrease of 9,400,000 trancs In gold
and an increase of 3,275,000 francs in silver.
The New York City Clearlng-House banks in their statement of Aug. 30 showed a decrease in the reserve held of
13,068,400 and a surplus over the required reserve of
$9,742,775, against {9,713,350 the previous

1902
Aug. 30

A

Iioans
discounts
Circulation
Net deposits

Specie
Legal tenders..

Reserve held
36 p. c. of deposits
,

Differences

from
previous week

$
$
100 072.700
114 637.100
810 040,000 Dec 8.647900
:<2.M5 loo Ino
620 200
935.98*,600 Deo 12.271,300
167427,000 Deo 4,135.200
76,315,400 Ino 1,066,800
243,742 400 Deo
283 9»9 625 Deo

y— Jan
Q—Jan

3,068 4"0
3,067,825

week.

1901
Aug. 31

19O0
Sept. 1

•This

is

81,722,700
96.061 700
895 1 ->6 600
30 097.400
968.121.900
176.791 400
77,169.000

263 P50.400
242,030.476

Sept.

Sept.

3

4

S

•108 1* •10H>, •108 * •108H
*108 34 -108 34 •108 34 • loss*
1

*

Q— Feb
Q— Feb
Q— Feb
Q— Feb
Q— Jan
Q—Jan
Q— Feb
Q— Feb
Q— Feb

i>i

<l

p
M
hi
o
w
1

1

<
M
J
o
w

*i"06»« •ibe 3* •10634 •10634
*106»4 •106»4 •106 34 107 °b

*i0634

xm
*1093

3

t

i06 34
*

1

*i"0634 •106»4

(SS4 •108»4 *108>a

*109»4 •1104
*134'4 *185>a
-134 34 *134»4
•105
•105

4 •10934
"13434 *13«34
*134»« •13434
*106
•105
•105
•105

•105

•105

$15,000 Virginia 6s deferred trust receipts at 10.
The market for railway bonds has been steady to firm, on
a volume of business somewhat larg r than usual, averag11 g
nearly $<.500.000, par value, per day. The St ck Exchange record of sales shows a paucity of high-grade ls-ues.

Wabash debenture Bs became prominent towatds the end
and in sympathy with the shares have ad-

of the week,

points. A few of the newer issues were
conspicuous for activity, including Consolidated Tobacco 4s,
Green Bay & Western debenture B certificates and Oregon
Short Line sub. certificates for 4s, nearly all of which are
substantially higher than last week.

vanced nearly 2

Railroad and Miscellaneous Stocks.— After the protracted
holiday the stock market opened active and buoyant on
Tuesday and continued so through the day. The Reading
issues were by far the most conspicuous, about 270,000 common shares changing hands at steadily advancing prices.
Wednesday's market showed a more conservative tendency,
although nearly '.,500,000 shares were traded in. Reading
continued the leader in point of activity, but Pennsylvania
was the strongest feature, advancing 5 points during the
day on sales of over 100,000 shares. On Thursday the market was decidedly reactionary, and with few exceptions
leading railway shares declined an average of from 1 to
2 points. To-day's market irregular but generally strong. St.
Paul was the leading feature, advancing neaily 3 points.
Rock Island was relatively strong throughout the week on
a more general acceptance of the new financial plan than
had been expected, and shows a net gain of over 7 points.
Some of the so-called Gould stocks, notably Wabash, Missouri Pacific and Manhattan Elevated, have been more
active than usual, with a decided upward tendency.

The mis ellrtneous list shows several erratic features.
Sloss-Sheffield Steel
Iron steadily advanced from 64% to
83, closing at 79; Nonh American advanced 11 points, and
Anaconda Copper 6% points. Amalgamated Copper, American *ugar Refining and the United states Steel issues have

&

been generally strong and Colorado Fuel & Iron weak. The
express companies lost a part of the gain noted last week.
For daily voiume of business see page 489.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
Sales
for

Range for Week

Range Since Jan. 1

Week

Atner. Agricul. Chem...
100
Bntterick Co
1,400

816 849 OP0
28 902 300
90 4,486 900

Canadian Pac subs 3d pd
Cleve Lorain <fc Wh.,pref.

176.P04.400
76 046.800

New York

252 950,200
225,871.726

Sept.

State and Railroad Bonds.— Sales of State bonds at the
Board include $24,000 Virginia fund, debt 2-3s at 96% and

STOCKS

t
74 222,700

Sept.

1

the price bid at the morning board; no sale was made.

Week Ending Sept 6

$

Sept

*
*

Q -Feb

4

&

Aug.
30

H. B. Clatiln Co
Dock, pr>f

400
100
7r.

Standard Mining
O S B-duotlon & Refg..
Preferred

335
400

200
300

2.! » 8 Sep

50<»Sep
i

to * Sep
1

96
100
62

Sep
Sep
Sep

325Sep
33>uSep
57 Sep

26i«Sep
?vi
Sep
142 Sep
95 Sep

lOO^Sep
64 34 Sep
3-6t>Sep

33 34 sep
67»4 Sep

21

Mar

52 Sep
136>4Aug 142 Sep
77 "s J an 99 May
100 Sep 02 Jan
39>qKou 64 s4 Sep
3-25 Feb 4 ooj'ly
30 Aat 44 88 Mar
57 Sep 68 Mar
41

J'ne

1

—

Outside Market. Interest in the outside market centered
mainly in railroad securities, of which Northern SecuriNOTE.— Heiurns of separate banks appear on page 481.
ties took the lead, advancing from lll'g to 117% on excepForeign Exchange.— The foreign exchange market has tionally heavy buying, but closing at 115% against 110% last
been easy on a good supply of commercial bills and a firmer week. Rock Island early in the week was also very strong
money market.
ami showed marked improvement, the common fetching 54
To-day's actual rates of exchange were as follows: Bankers' and the preferred 81%. The close to-day, however, was at a
sixty day sterling, 4 8375(0-4 8390; demand, 4 r-650(d4 8660; reaction to 51 and 80%. respectively. Tlie new 4 p c. bonds
cables, 4 87(<zl 87i0; prime commercial, sixty days. 4 <-3%'tf (w. i.) were also very active and higher, touching 90 at one
4 83%; documentary commercial, sixty days, 4 82%(a4 84; time, but subsequently reacting. Seaboard Air Line was
grain for payment, 4 83%@4 84; cotton for payment, 4 82% weak and suffered a reaction to 33 for the common,
@4 83; cotton for acceptance, 4 83?£(a4 83%.
the preferred closing at 52. New Orleans Rv. stock
Posted rates of leading bankers follow:
was fairly active; the common closes at 17% and
the preferred at 56%. Toledo Ry. & Light was in
September 5
Sixty Days
Demand
good demand at 3S(«4u. closing at 39; g. San Francisco
Prime bankers' sterling bills on iiondon.
was higher at 23@23% and 61(361% for common and pre4 85
4 871-j
Surplus reserve

9,742,775

Deo

676

11,919.926

27,078 476

r>

Prime commercial.
Documentary commercial

4 833g ®4 83i«
4 82 \ 94 84
6 193s ®5
5
3Hi»j 6 3' 40
Amsterdam (guilders) bankers
40 > 8
Frankfort or Bremen (relohm'ks) bankers 9434 7t 94'3 t g 96

Paris bankers' (Franos)

* Leas

l

M

18V

17V ®6 17Hi
© 40t»ie
96i
-8

la

.

The following were the

rates of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying 75c. discount, selling 75c. premium: Charleston,
buying 1-16 discount, selling 1-16 premium New Orleans,
bank, par; oommercial, $1*00 discount; Chicago, 20c. per

New York

:

On renewed selling to-day, Manhattan
ferred respectively.
Transit declined to 6Jg. but rallied later to 7%, the closing
The copper snares evinced considerable strength,
price.
Greene Consolidated ranging between 2~!% and 89J^ and
North Platte lealizing 15@15%. United States Realty &
Construction (w. i. was dealt in to an unusual extent, the
common advancing to 36(537 ', and the preferred to 80%.
American Can more than recovered last week's loss. Oregon
Short Line 4s were higher, tin- final quotation being 95%.
Outside quotations will be found on page 4b9.
)

%

New York

1

Record, Daily, Weekly and Yearly
TWO I'AiJES

OCCUPYING

LOWEST SALE PRICES

Monday
Aug. SO

Sept

1

2

.SV^>£.

Sept.

3

Friday
)>t.
5

4

Sept.

NEW

Sales

01

the

YORK STOCK

On

Week

EXCHANGE

6(

Jiange lor Year 1UU2
lianye /or J'revcoat
basis ot 100-share lots
Year (1901 j
1

"STOCKS

Shares

Highest

Lowest

Railroads.

39 41 •40 42 •40 4 5 \ nn Arbor
200 33 Feb 20
•70
•69% 71
500 63 Jan 9
72
r\ Do pref
72
74
95% 96% 9 434 95% 94% 95 H Atcli. Topeka <fe Santa We 164,280 74% Jan 27
60,350 95% Jan 27
104 Hi 105% 104% 105% 104% 105%
Do pref
193,960 101 Jan 14
115% 110% 115%117
111% 115% paltimore & Ohio
-95% 96
*95% 96
110 93 34 Feb21
95
95
1 > Do
pref
36,685 60% Feb 14
68 Hi 69%
68% 69% 68% 69% Brooklyn Rapid Transit
'124 128 •124 127
110 Apr 4
•142
•140
•140
139 Apr 2
43.400 112% Jan 28
144 145% 143% 144% rl40%141% / lanadtan Pacific
90
90
90% 89% 90
1,800 85 % Jan 6
90

40

40

•

*Gf>% 71

•

95% 96%

•

106%

105

•

114%116i*

96%
68%

•95
68
•124
•142

•

•

144% 145%
90 % 90%

:
•

9

187
5538

187
55 34

43%
76% 76%
43

•
•

210
•138

*
i

210

210
143

•
•

78

*

j

90

»

:

186

•200
23
40

187

Central of

New Jersey...

800

56% 57% Chesapeake Ohio
42% 43 Chicago Alton

119,600
10,300

<fc

<fe

76

•203 210
«13 7%137 34

600
500

76%
Chicago

<fe

East'n Illinois

10

90

90

*

90

.

187% 189% 18734 188%
194 195
194 Ha 194 %
239% 239% 239 240

ISO's 188
194 19434
242 2424,

160

210

•183

183

55% 67%
42% 43%
76% 76%

34% 34% 34% 34% 33%
92% 92 34 •92
92% *91
•89 Hi 90
•89
90
•88%
50%
50% 51% 50
49
*
76% •
76 •

34%
•91% 92%
90
90%
51
51%
34*8

»

183

183 184
55
57 Hi
42 34 4334
•76
77

190^

191
•160
•200

192i4

192%

191

•160
162
210 •200
22% 23 Hi 23

162
205

23%
41 %
10% 16%

40% 40%
16
*49

16k
55

163
210

23%
41%
16%

40Ha
1534

*50

Lowest

96% Sep

3
2

Sep 4
Jan 2
72%.Fly 21

117
97

7,600
5,500

42

15% 18% Chicago Union

Traction.

55

8334 Feb

55% Oct

1

1

90

io6%ioe 34 106% 107
106% 106% 106 106% Cleve. Cin. Chic. & St. L.
2,800
124% •120 125
•118 124
20C 118 Jan 21
Do pref
34
34
33 Hi 34
34% 35
33% 33% Colorado & So., vot. trust 7,350 14% Jan 10
3
78*3 78%
78 Hi 78 4
78% 78% 78% 78%
Do 1st pf vot. tr. cfs. 1,883 59% Jan 15
53% 53% 52% 53 4 51% 52% 51% 52%
Do 2d pf. vot. tr. ctf s. 10,500 28 Jan 14
179 181
180 181 Hi 179% 181
180 180% Fvelaware & Hudson
9,950 170 Marll
.

124% Sep

10% Jan
28 34 Dec
12 Jan
58 May
73

49% 50

57
60
'92

P
H
Q
w

62

58
67
94
63

42 Ha

71% 71 Hi
57% 58
66
92
03
200

1

'

198% 200%

l
o

43%

66
92
03
202

41% 42%
70 % 71 %
67% 57%

41% 42% yrie
70
70 u, CiDo lstpref
57
57%
Do 2d pref
66
•65% 66% Evansv. & Terre Haute..
91% -90
91 %
Do pref
61% •60
63 Ft. Worth<fcDen. C.,stmp.
202 % 200%20O% Great Northern, pref

06
*90
61
200

22*8 241-2
23 Hi 24
22% 23% 23
23%
100%1 00% 100 H2 101% 101% 103
101% 101%
•92% 94% 93
93 Hi
94
94
'9A''2 94
17134 173
171% 173 Hi 17134 173
171% 172%
60% 60% 50 Ha 50 Hi 49% 50% 49% 49%
•87% 88
86% 87
87 % 88
86
86
49
49
49% 49%
48% 49
85
85% 853g 84
84% 84% 84% 85%
38
38 % 39
38% 38
38% 39
38%
61
61% 61
61% 6034 6034 61
61
*36
37
•34
34%
34%
37%
34H2
36

V

I

8
O
§
t

*70

«
*

*65Hl

•

*125

*70

72
67
135

•65

*125

72
67
135

*70

72

66% 67
...... ......

1

85

85%

86 34 86%
153% 154% 151% 153%
137i4l39%
135% 136% 135% 137 Hi
126 H2 127 •126 126% 126 127
147 Hs 147 Hi 147 148-4 148% 149
*37% 39H2 '38% 40
g3s 34 3g%
86
154H2l55 14

M
•

»
i
•

J

»89
29Hi

*

85 Ha

*89

91

91

29% 29 34

29Hl

174
11334 113 34

§88 3

8»34

4

29M 29%

«..

«
•

II334 114

113% 114
•125

•

127

80% 81% 80% 81
137H2l37 34 137 Hi 137% *137 137%
1
3334 34 4
33% 34 Hi 33% 34%
69
68
68% 68% 67
68%
117 117% lj.7% 119% 118 119%
79% 81

«
•

t
•

*114

j
•

118

20% 21%
4238 42%

!

21% 21%

43Ha 44
165
164%166 34
66 34
56
56%
120 •118 120
•92
95
95
•231 234
233 233
35 34 36%
36
30%
73% 75
74% 78 Hi
*93
94
94
94
76
78%
74Hi 75%
*102 106 •102 106
78
79
78
83
162 34 16334 163% 168%
•40
42
80
80
*77Hi 80

164
56
*118
*92

!

*
I
*
•
1

i

113
21

113
2134

42% 43%
164%167i 8
55 34

5tJHa

•LIS

120
95
23434 237
35 34 36%
**92

75% 77%

*93

95

77% 79
105

105
81% 83
167 170

6% Jan

79%Augll

98

i

110

:

98Hal05
120

98Hz

120

80

80

104

105%

•110

•93% 94% -93% 95
•93% 95
69% 75:^ 74% 78 H2 73% 76%
87 Hi 88 34
76% 79 34

8834

90

24^

23Ha

23Hs

24
'^.

'8% 70

!

79% 80%

|

77% 78

Green Bay&W.,deb.

Do

deb.

35% May 19
65%Mayl9
51 Mayl7
50 Mar26
100 82 May29

123.275
12,370
7,500
1,900

950
9,800

ctf.A

B

ctf.

447
5,210

!•!

Do

pref

63 y4 Jan

2
2
2

74% Mar

7

75

89

78%
•23
77

90
80
24
77

3

4

Jan

J'ne

88% Apr
122 Nov
146 Nov
117%May
89 Nov
196% Deo
52% May
50% Apr
82% Apr
140 Not
36 Apr
27 Nov
94% Mar
90% J'ne
56 Mar
52% Dec
77% Sep
188 May
200 May
215 May
248 Apr
1

40

Jan

75

Apr
57% Apr
20% May
60 May
101 Nov
124 Nov
18 Apr
60 Deo
28% Apr
185% Apr
31

258

Deo

53% May

103% J'ne
17

Dec

40% Dee
82 Aug

Oct

4% Feb 12%J'ne
22% Sep

13% Jan
24 % M a)
59% Jan
39% Jan

45%J'ne
75 Dec
62% Dec

68 Apr
95 Apr
30 Jan 2
36 Apr
181% Mar 5 202% Sep 4 167%Maj 208 Mar
70 Jan 11 90 May22 65 Jan 6734 Feb
9 Jan 8 25 Apr 9
7% Jan 11% Apr
66 Jan 15 106 Aug 8 40%Ma> 75 % Dec

500 81%Janl4

.".

44% Jan

41
81
17

104% Feb 27
64% Aug25

97% Aug

O

Jan
Jan
Jan

69% Jan 88% Dec
May 154 34 J'ne

7

37,050 137 Jan 14 173%Aug27
4,207 37% Jan 15 51 4 Aug21
Iowa Central
885 71 Jan 14 90% Apr 28
Do pref
400 33% Jan 25 50%Augl4
I7"anawha<fc Michigan..
5,000 80% Jan 2 88 Aug 1
«VC.Ft.S.<fcM.,tr. ct's. pfd
9,950 19 Jan 15 39 Aug25
Kansas City So. vot. tr. ..
Do pi«f. vot. tr. ctfs. 2,400 44 Jan 14 62% Apr21
Keokuk & Des Moines...
1,800 13 Jan 15 40% Apr 29
•70
72
......
45 Jan 2 84 Apr 2 2
Do pref
•65% 67% I" ake Erie & Western...
500 64 Jan 15 71% Jan 3
*125 135
125 Jan 15 138 Feb
L. Shore & Mich. South'n
325 Apr 7 340 Apr25
86
1,500 78% Jan 15 91% May 2
86 Long Island
151% 152% Louisville <fe Nashville... 27,400 102% Jan 27 159%Aug20
137% 138% VTanhattan Elevated... 137,680 128 Marl2 140% Jan 29
126 126
i'4-etrop. Secur., sub. rec.
2,000 109% May 19 134% J'ly 23
148 148% Metropolitan Street...
4,750 146 Mayl2 174 Feu 5
•38
40 Met. West Side El. (Chic.)
60 38 Feb 7 43 Jan 6
•89
91
Do pref
50 89 Mar 3 91 34 Mar22
29% 29% Mexican Central
2,900 25% Jan 15 31%Mar31
Michigan Central
U50 Mar 7 192 Apr29
113%113% Minneapolis <fe St. Louis. 1,600 105 Jan 27 115 Aprl9
*125 128
Do pref
118% Jan 22 127% Apr28
79
80 Minn. S. P. & S. S. Mane.
8,600 36%Jan 2 81% Sep 3
137 137%
Do pref
1,000 90 Jan 14 138 Aug26
33
33% Mo. Kansas & Texas
27,495 24 Mar 5 34% Sep 3
67
67%
Do pref
21,760 51 Jan 13 69 Sep 2
318 120 Missouri Pacific
207,075 96% Marll 120 Sep 5
113 113
\T ash. Chatt. & St. Louis
300 80 Jan 24 122 Apr22
20% 21% 1^ at. of Mex., vot. tr. ctfs 24,650 c 14% Jan 15 21% Sep 4
•42%
Do pref., vot. tr. ctfs 5,900 38%Augl3 4538 MarlS
165 166 N. Y. Central & Hudson.. 74,300 153%M:iyl9 168% Jan 2
55% 56% N. Y. Chic. <fe St. Louis..
2,100 46% Jftn 15 57% Aug 8
•118 120
Do lstpref
117%May21 124% Jan 27
"92
95
Do 2d pref
84 Fob 4 100 Aug 7
236%236% N. Y. N. Haven <fe Hartf
794 209% Jan 30 255 Apr28
35% 36% N. Y. Ontario & Western. 31,985 32 Marll 30% Aug2o
75% 77% Norfolk <fe Western
131,770 55 Jan 14 78% Sep 3
•93
95
Do adjustment, pref.
100 90 Feb21 98 J'ly 23
3
pacific Coast Co
77 4 78
8,600 67% J'ne23 79 Sep 4
f Do lstpref
•102 108
177 100% Jan 6 100 Mar25
Do 2d pref
81% 82
8,300 78 J'lyl8 84 Aug20
166% 168 Pennsylvania
238,439 147 Jan 14 170 Sep 4
40% 40% Peoria & Eastern
150 39 Jan 8 47%. Apr 9
75%
Pere Marquette
700 71 Feb 15 83 Jan 14
*85
95
80 Mayl7 91%.T'ly30
103 104 Pittsb. Cin. Chic. & St. L.
6,650 80% Jan 7 105% Sep 4
•110 127
Do pref
113 Mar25 128 Mayl4
•93% 95
R. Securities, "A" ctfs
93%J'ne27 96% May 15
73% 74% IVeading, vot'g tr. ctfs.. 694,830 52% MarlO 78% Sep 3
1st pref. vot. tr.ctfs... 30,240 79% Mario 90 Sep 3
88% 88%
2d pref. vot'g tr. ctfs. 46,782 60 Jan 14 80% Sep 3
7734 78%
Rutland, pref
74 J'ne27 125 Apr23
*23
24 tJ t. Joseph & Gr'd Island.
900 12 Jan 14 24%Aug29
~ Do lstpref
78
77
2.300 02 Feb 6 79 Aug20i
,

i

Mas

2 115 34 Jan

35 34 j'ly 17

284 34 •282 Hi 285
280 280 •275 285
1,500 253
l'elaw. Lack. & West'n.
4934
49
49 Hi 50%
12,78" 41
48% 49 Denver <fe Rio Grande
95
95
95
95% 94% 95
4,2C 4 t
94% 94%
Do pref
5! Hi 52%
53
51% 51% •51
l,02t> 39
Des Moines & Ft. Dodge.
23 Hi 24 34
23% 24
23% 25
23
23% Detroit South, vot. tr. ctfs 25,990 13
3
45 14 48%
44 4 46%
45 % 4734
43% 44%
Do pref. vot. tr. ctfs. 83,760 33
95% 97
95% 96
92 Hi 97
5,050 75 J'ne 2 97 Sep 2
95% 95% Detroit United
22% 21% 22 Dulutli So. Shore <fc Atl.. 5,170 10 Jan 15 24 Aug27
22% 23% 22 Hi 23% 22
34 34 3534
34% 35
34% 34% •33% 34%
2,475 18% Jan 14 3534 Apr 9
Do pref

280

97

Maj
Dec
23 Jan
58% Jan
134 Ma\
175 Ma>
168% Jan
207 Mai
116% Jan 176% J'ne
125 Mai 140 34 Nov
180 Mai 201 Apr

53% Sep 2 16% Jan
184% Jan 7 105 Mas
Jan 15 297 Feb 4 188% Jan
Apr 7 51% Aug21 29 % Jan
96% Aug21 80 Jan
Feb 1 53% J'ly 11 IS Jan
Feb 3 25 Sep 2 14% Deo
Feb 24 48% Sep 3 36 Dec

•

41% 42%
70% 71

J'ly

75

41

30%Feb20 42%Aiigl9
1034 Jan 8 23 Apr 29
44% Marl5 60 Apr 2 8
95%.Tan 14 108% Aug 8

124

o
Q
W

Feb

A«g26 77 Mai
Feb
116 Mai
145% Sep 3 87 Ma^
97 May22 54% Jan
180%.1'ly 7 L98 Jan 6 145 34 Jan
45 Feb 20 57% Sep 3 29 Ma\
33% Jan 22 45%J'lylti 27 Mas
74%J'ne27 79 J'lyl7 72% Jan
134 34 Jan 21 220% J 'ly 30 91 Jan
137% Jan 11 151 J'ly 1 120% Jan
22% Jan 25 35 Ang20 16 Jan
128
44

34% Chicago Great Western.. 25,400
200 90%Mav 5 95% J'nelO
92%
Do 4 p. c. debentures
500' 83% Jan 22 90%J'ne24
89%
Do 5 p. c. pref. "A"..
49%
Do 4 p. c. pref. "B".. 1,700 43% Jan 24 51% Aug20
49% Jan 14 80 May 7
76 Chic. Indianap. & Louisv.
200 75 Jan 16 91% Augl9
90
90
136,100
160% Jan 27 191% Sep 5
188% 191% Chicago Milw. & St. Paul.
7,110 186 Jan 14 196% Sep 5
194% 196%
850 204% Jan 14 271 Apr 29
239% 239% Chicago <fc North Western
230 Jan 18 274%Apr29
15,200
152 Jan 15 «00% J'ly 26
191 193 Chic. Rock Isl'd & Pacilic
•160 162 Chic. St. P. Minn. <fe Om.
140 Feb 6 L70%Apr30
•200 210
195 Mar 6 210 Apr 15
23% 23% Chicago Term'l Transfer. 3^800 15% Feb 21 24%Augl9
41

20
50

May 15

106% Sep

Highest

I

34 Nov
Sep 66 Dec
42% Jan 91 J'ne
70 Mas 108 May
81% Jan 114% May

48%M;iylO
7 7%

.

130

.

Exchange— Stock

Stock

STOCh'S—JiJOJiKST AXI>

9

3

..

124
21
48
21

Jan 43 34 J'ne
Jan 87% J'ly
Jan 41 J'ne
77% Dec 81% Dec
13% Jan 25 Apr
35 Jan 49 Apc
5% Jan 18% Oct
24 Jan 45% Sep
39% Jan 76% Nov
i08% Jan 135% Sep

5230 Apr §355 Nov
67 Jan 90 Dec
76 May lll 34 J'ne
83 May 145 Dec
150
27

May 177"

Jan
79% Jan
1234 Jan

41
93

J%ie

Nov

Sep
30 May
Nov
107% Mar 180
67% Jan 111% J'ly
10134 Jan 124% Oct
15
49
15
37
69
270

May 36% Nov
Apr 94% Nov
Jan 35 38 Apr
May 68% Apr
Jan 124%J'n«

J'ne J 82% Nov
3% Jan 15% Oct
139%j"an 174% Nov
16 May 57% Sep
c

"1

Mar
Mai
5206% Feb
24 May
97

47

42
82
52
89
63
137

Sep
Sep
J'ne

40% May
61% Nov
Feb 92% Not
Jan

Feb 78 Deo
Feb 103% Deo

83 Nov
May 101% Apr

Jan

14% Jan
33% Jan
72
57
88

120
95
217

50
94

Jan 86
Jan 81
Jan 113

Sep

Not
J'ne

Deo
Deo

24% Jan 58 Deo
65 May 82% Deo
38 Jan 64% Deo
97 Nov LI234N0T
7% Jan 15% J'ne
55

Oct

78%J'na

BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks

Banks

1TEW VOBK
CITY

American

...

Amer Exch..

Astor
Boweryli
Bruadsvay

...

Sid
540
270
750
325
320

Buich's& Dr 160
Central
190
Centuryt.... 160

Chase

Citizens'

Bid

205
310
560
Colonial 1j ... 385
280
Columbian .. 350
1000 Commerce... 335
C'ru Ex new* 440
340
East River.. 155
175
Emp'eStatei;
200
Fidelity
210
175
Fifth A veil.. 4000
Fifth
375
360
First (new).. t775%
4450 14th Street'!. 200
prioes; no sales were made

Ask

700
Chatham .... 340
Chemical
4350
* Bid and asked
1 Sale at Stock Exchan

Jity (new)...

Ash
215
320

345
450

1

?e

240
Gallatin
425
Gansevoortl] 140
Garfield
500
German Ami! 155
German Exlj 350
Germanial] .. 600
Greenwich "J 350
Harniltonll

!]

5000
425

Bid

Banks
Fourth

..

165

235

Banks

Manhattan 1|. 330
Market cfeFul 265
Mechanics'

665

Bid

Bid Ask
Brinks
Bid Ask
650
Plazall
210 220
New Amster 650 725 Prod Exchl! 160
River8ideD .. 300
New York Co 1500
600
Seaboard
340
N Y Nat Ex. 265
650
275
New York... 340 350
..... Seventh.new tl50%
19th WardlJ. 150
295
Leth.
160
SI100&
North Amer. 250 270
168
600
Statel
Northern.... 185
1 2th WardD. 110
215
Orientall)
23d Ward*,,.. 125
215 240
Pacitiol]
190
United
130 140
650
Park
635
Unitedstates
250
People's*!
235
Vanck
200
130 140
state banks, a Ex dividend and rights, b Sew stock.

Ask

Leather Mfr. 260 280
Liberty
650
Lincoln
1000

Mech &

170

Hanover
640
Imp & Trad. 660
Irving

Ask
250
435

.

Trail

285
160

Mercantile.. 325
Mercli Exch. 160
Merchants'.. 185

Metropnew", 400
Mt Morrisll.. 225
Mutuain
300

Banks

Nassaul]

.

300
JeffersonD... 175
on Dins day. i Less Chan 10D .sn ires. 1 tix rignts.
or at auction this weelc. s Trust Co. certificates.
e Includes, prior to

1,

"|

May

17, dealings in old

Mex. Nat. trust

receipt*.

%%

%

484

Stock Record— Concluded— Page 2

STOCKS— HIGH EST AND LOWEST SALE PRICES
Saturday
Aug. Si)

6

5

1.

.

Monday

TW.^dai/

Sept. 1

Sept.

Wednesday
Sept. 3

3

40

42

41

80% 80%

39

79
*85

80
88
76% 76 34
37% 38 6

88

*

41

76
76%
37% 38
77% 79%

'

78%
79 %
39%
96%

79«8
78
39 78 40%
96?8 97%
-92
53% 54 %
131 132
32% 33
49
4934

Thursday
Sept. 4

79%
80%
40 H

97%

*92

37% 38

79% 79%

79% 79%

584% 84 34

70% 76%
37%
78%
78% 79%
38% '39
37
78

79

78% 80
38% 39 34
96% 96%

96

92

*92

53%
52%
4
130% 130% 131
32
32% 31
48% 49
47
*125

127

88

*S5

76% 76%
37% 38

53%

54 3

127

Friday
Sept. 5

1

40

78

STOCKS

NEW YORK

97

Hi

52% 53%

130%132%

131
32

31%
47% 48%
31

48%
127

127%

127

STOCK

[Vol.

Sales 01
the

Mange
On basis

Week,
Shares

EXCHANGE

& Grd Islrt, 2d prel
& Adirondack...
& San Fran

St. Jos.
St. Law.
St. Louis

tor Year
ot

Lowest

2,900

Mange

lor Mrevioui
Year ( 1901)

lots

Highest

Jan

27
50

lyo?

100-share

42

Sep

LXXV.

Lowest

Highest

Dec 36
Jan 134

17

2

MaylG 141%Febl7 57
450 55% Jan 2 85% J'ly 31 21%Jan
Do 1st pref
30 82%J'ly 9 90 J'ly 30 75 J'ly
Do 2d pref
2, 733
70% May
80% J'ly 30 53% Jan
St. Louis So 11 tli western..
3, 059
24% Mar 6 39 Augl3 16 Ma;
Do prel
10, 200 55% Mar 5
79% Sep 2 41% Jan
Southern Pacific Co
198, 070 58
Jan 27 80% Sep 3 29 May
Southern voting tr. ctfs
122. 5o0 31 % Jan 27 41%Aug21
18 Jan
Do pref. vol. tr. ctfs. 1, 700 92 Jan 14 98% Apr 15 67% Jan
M. & O. stock ir. ctfs...
90 May22 92% J'ly 19
'Texas & Pacific
98, 250 37 % Jan 15 54% Sep 3
23% Jan
I hird Avenue (N. Y.)...
400 122 Jan s 134 Keb
117 M.n
Tol. St. L. & W. v. tr. ctfs
18%Jan 21 33 Sep 2 10% Feb
8, 200
Do pref. vot. tr. ctfs. 7, 635 35 Jan 15 49% Sep 2 28 May
Twin City Rapid Transit.
400 107 Jan 2o 129 Aug25 05% Jan
Do pref
156% Aug
159% Feb 18 147 Api
202, 000 98 8Fel)28 113%Aug26
Union Pacific
76 Mi..Do pref
2 490 86% Mar 6 95
Aug29 81% Jan
24 300 21% Jan 14 36% Sep 4 ll%Jan
Wabash
Do pref
65, 900 41% Jan 13 50% Sep 4
23% Jan
Wheeling ife Lake Erie...
9, 48
17 Jan 2
29% Sep 4 11% Jau
Do 1st pref
1, 850
49% J an 2 66 Apr29 45 Maj
Do 2d pref
3, GOO
28 Jan 14 42 Sep 2 24
Wisconsin Cent. v. tr. cfs
19% Jan 3o 31 Aug2o 14%Jan
8, 50i>
Do pref. vot. tr. ctfs.
9, 150
39% Jan 24 57%Aug29 38% Jau
i

i

11% 112% 111%112 14 110%111% 110% 111%
92
x92
92%
92%
92
92 %
92
92
33^4 34-V
34
34% 34
36% 35% 36%
48% 48 °g 48% 48% 48% 50% 49% 50%
29
28% 28% 28% 29
29 34
28% 29%
65
65 6e
64% 65% 64% 65% ?05% 65%
"41
41
42
41% 42
41% 42
41%
29^ 30% 29% 30% 29% 30% 29% 29%
66% 57
56% 56% 55% 56% 55% 55%

31

•225

225

240

67 34

*4

3%

1%

15

34% 34 s8
91 H» 9J l4
50 % 50%
*95
98
'35
40

260

260

61%

61

12% 12%
42% 43%
22% 22%
•50
54
33 % 33%
95 Hi 95 34
*6
6%
"23
24

46%

97%

97

121

•98

99
132 %

120

125

«90

94

>
W
O
w

-90
-90
95
95
95
173
17l%172
'14% 15
•14% 15
14% 14%
•76
*77% 79% *77% 79%
79
107 110 Hi 108% 108% •105 109
247 Hi 247 Hi *243 250 240 250

109
252

10.")

*245

12%
78% 81%

*ll%
8

1

%

•126

83 %

224%224%

5

Q
F
8

»

-5

37
196
*

20

130

140

-19

21

196
;„

197
62
20 ^

IS),

v

*74% 75%

70
20

76
17% 18

70

•61% 65
65
53% 53 Hi 53 Hi
94
«94% 94% -92
12

47 34
*

Ha

*10
48

12

48

15
48

105% *103%105%
2

197
62
104% 105
20
2U

193

195

60

S61

195
62

104 105%

246

32
89

32

90

89

21%

211-2

79
21

79%
21

21% 21%
79% 80 Hi
21% 21%

65

70

-240
32

l

4

•69

70

246
32
89

7

1 Hi

78

93
94
91% 92
*7
7% *7% 7%
70% 71
70 % 71*4
43 34 43%
43 Hi 43%
*14% 15% '14% 15%
*80
80 %
80 Hi 80 Hi
12% 12% 12% 12 Hi
46
46
40% 46

Do

157

157

L58

252

*245

96%

95

228

230% 230% •229

250
96
229
233

General Electric
George A. Fuller Co

84

110

12%

200

73

Do

4,100
l,30o

300

pref

2,900

11

48

14

47%

48

•2 10

21%
80%

32
89
22
81

'

4

48

National Biscuit

'4

22
71
76% 83
95
94
21
71

J'ne

46% J'ne
22 J'nt
60 34 Mat
38 Mar
26 J'ne

49% Apr

May 19 5145 Jan «202 Deo
Feb 1 60% Dec 130 J'ne
l%Sep
8% Apr
26% Aprl4 10 Sep 35 Apr
79

8% Apr 14

34% Sep 4 19 Jan 35 J'ne
92% Aug 8 67 Jan 89% J'ly
57% Apr 28 24 Mai 36% J'ne
99% Apr 23 85 Apr 91% Jan
42% May 2 32 Oct 40 May
265 Aug28 U6' Jan 210 Nov
02% Aug21 39% Dec 45 Nov
31%Jan 2 25% Oct 41% Mat
67 Jan 3 62 Oct 77% Mat
28 Apr 30
5 sJau 30% J'ly
J'ly
58 Marl" 31 Jan
36%Apr29 22 Hi Aug 33% Nov
100% Apr 29 83% Oct 91% Not
7% May 2
8 J'ne
4 Hs Feb
i

M

29

Sep 5

49%May2G
100%J'iie23

126%J'ue20
100 Apr 19
135%Mar31
122 Aug2G

Mario {96

Jan

7

22 a Dec 30 J'ne
38 -j Get 69 Apr
88 Feb 104%J'n«
26 Mai 49%J'n«
73 Apr 90 J'nt
103 Dec 153 J'ne
111 Deo 130 Jiy
S94 Jau 100 Apr
rt

Apr
17%Jan

J 'ne 5

4

15'.

13 4

7

l

'7%

46
155

83
94

7

7

7%

71%
42%
14% 15%
80% 80%
12% 14%
50
155

Do

pref

New York

Air Brake
North American Co., new

Pacific Mail
eop. Gaa-L.<& C. (Chic.)
Pressed Steel Car

70% 71
41%
11% 14%
80% 80%
11% 15%
40
53%

•41

150

St.
S loss-Sheffield
Do pref

U.

S.

Cast

Do

1.

Paper,

13%

88% 89%
16% 16%
56

zU%

&

Pipe

Foun.

pref

United Stan
ixpresB...
14% United States Leather

150

66

41%
90% 91%
70% 72%
132 132%

;

Do

90 Mar26
90 J'ly 18 72% Sep
139%Jau 2 127% Oct
5% Aug22
38% Aug
0181% J'ly 28 334 Apr
183% Jan
40 Mayl7 G4 J'ly 24
92 May 20 10»%Aug 1
19 J..n 14 23%Mar20
18%May
72%J'ne24 77% Jan
69 Jau
55 J 'ne 4 199 Apr 29 54% Jan
6% Jan 2, 21 Sep 6
5% Feb
45 Jan 14 05 May 17 33 Apr
47 Jan 2 57% Mail!' 24 % Jan
87% Jan 13 !ii Mar21 74 Jan
19 Apr 24
12 Jan 2
8 Oct

May

'

289% Deo
28

Mar

% Sep
100% May
11 Jan
51 Deo
81

49
89
22
46

Nor
Oct

Apr
May
Jan
Jan 103% Nor

1

KM % Jan

100

92

J'ne

152% Aug

25%J'no

J'''

I

1

93%J'n«t
175 Apr
109 J'u«
49 % Nor

120%J'n«
52 Jan
89
225

Apr

24
82

J'nl

Oct

Apr
38% May

,

Standard Rope & Cwlne.j
Tenn. Coal, iron & BR...
Texas Pacific Land Trust

Union Bag &
Do pref

93 4 Jan 124

38%Mar24

1

...

Iron

<fe

126%J'ne

13% Jan 14 53 '4 Mar'JO 37
3 109% Apr 4
92
Aug 13 15 Mai
15% Jan is
Gil 78%Jan 16 95 Aug 13 74% Dec
1,400 148 Marl 7 196 Apr21 133 J'ly
^s ,1-u, 28 134 Sep 3
73% Feb
1,870 37% May 17
19%llarl0 30% May
85,815 98 i.lan 15 109%Sep
95% Jan
i;,75o 39
Jan 14 52% Sep
30 Mar
520 82% Feb 4 83 Apr 28 72% Mai
215 Jan 18 250 Apr29 195% Jau
Apr 16 34% Apr 29
2|i*50 24
90 Sep 2
95U SO Apr
35,925 15% Jan 2 22% Sep 6 11% Sep
8,050 68 Jan 16 81% Sep 5 55% Jau
2,300 17%Feb2- - .V M Apr21 18 Dec
300 63 J'ly 25 74%Mar22 65 Dec
29,515 29% J an 3 83 Sep 4 19% Feb
2,350 80% May 19 95 Sep 4 65% Jau
100
4 Jan lo
8%Apr29
3% Mai
21.80U 61% Jan U 74%Apr24 49% Mai
'33
Jan
44% Feb 18 11 4an
500
500 13 Feb 1 18% Apr 3 12 Apr
800 72 Jan 1,6 85 Apr 6 65 Apr
Jep 6
18,850 10%.May 12
10,361 42 May!'.' 53% sip 5
1,070 97 Jan 2 160 Aug28 i}53 Jau
\ pr
7 4 Maj
3
30,935 11% Feb 20
69%Maj
1,543 79% Jan 21 89% Sep 6
\prl4
1
Jan
2
700 14
2
% Oct
47 Oct
1 10
50%Jan
64 Ma r 2
Maj
L19.&1S 36% J'uel'.i 40% Jan 7 24
Uaj
23,300 87%J'nel:' 97% Jan 7
•J'ly
go
51
18
28
Jan
76%
Apr
38,506
Api
MaVlf)
16
1,100 120% Jan 17
$185 Jan 2 J255 Ang28 8180 Jan
26,250 84% J'ly 10 '.l7%Aug26 81 Jan
1,800 169% Jan L5 230% Apr 9 145 Nov
100 180 Jan s 234 Apr 9 157 Nov
;;.

x87% 87 Hi VDo pref
21% 22% Republic Iron it Steel
811% 81%
Do pref
20% 21% Rubber Goods Mfg
71
71
Do pref
94

33

200
350

1

pref

Do pref
Pullman Company
32% IKulway Steel spring...

79

70
42

Do

National Lead

246

32

100
500

Manliattan Beach

103% 105% *104 105%

32
89

1,300
1,700
6,330

77
20
65

1.2

228% 230

26

J'lyll $225

250 160% Jan 13 186

prel

19% 19% International Paper
75% 75%
Do pref
75
75 International Power
19% 21 International Silver.
17%
62%
65
65
Do pref
62% 53% *52% 54 Internal'! Steam Pump..
92 94 92 94
Do pref
75

13% 13% 13 '4 13% 13% 13 34
*87% S8%
87% 88
$88% 88
16% 16%
16% ig% *16% 1S%
*56
56% 555% 55%
56% *56
42%
41% 41% 41% 41% 42
90% 90% 90% 90% 90% 91%
07
66%
67% 70%
67% 88%
......
133 133%
129% 130
3252
95

75

75% 75%

24 Hi 25
92% 92 Hi
190 190%
127 134

'

1

*240

157

American Tel'gh & Cable
Amer. Teleph. & Teleg...
American Woolen

1

24% 24% 24% 24%
a
"91
93
92
92% 92
92%
190 190
190 190% 187 190
129% 132% 129% 132
121% 128 >a
43% 44-V 43% 44% 43% 46%
43 % 43%
104% 105 14 104 Hi 106% 106% 10«% Io7%lo9%
51 Hi
61% 51% 51% 52%
51% 61% 51
*87
88 %
88
88
88
88% 88% 88

24%

U98

M

58
105
19% 20

52% May
129% Jan
25% May
39% May
109% Deo
160 Nov
133 May
99% May

%No^ 167% Sep
Mai 21% Jan
Apr23 79 Jan 10 70 Mar H2% J'ly
3,210 d95%J'lyl4 146 Feb 1
d Anaconda Copper
28 4 Dec 54% Apr
Union Gas
100 210 Jan 4 253 Aug28 175 Jan 228 Apr
11% 12% Brooklyn
runsw. Dock.fc C.Imp'l
10 Jan 13 14% Apr 23
8 4 J an 14% Max
80
83 Ctolorado Fuel & Iron
44,995 73%Aug22 110HiApr24 4L 4 Jan l36%J'n«
130 140
/ Do
pref
3130 Jan 29 !>UO Mar
116 Mai 142% Apr
*18% 21 Col. & Hock. Coal & Iron.
% Jan 1G 23% Apr 4 12 Hi Oct 25% J'ne
224% 224% Consolidated Gas (N. Y.). 5,000 13 Jan 15 230%Apr25 187 Jan 238 Apr

L

74% 75
17
*62
53

Adams

223% 22 t%
121% 124% 123 124% 123 124 Continental Tobacco, prel
1,32 115 Jan 2
35 Hi 36 4
35% 36
35%
Corn Products
12,035 27 J'ly 15
87 Hi 88
87% 87% 87% 88%
Do prel
2,231 81% J'ly 31
Detroit City Gas
05 May 8
•
13!)
140
140 Diamond Match
130% Jan 13
•4% 5% Distill. Co. of A m.. tr rects
5
5
5
5
5%
400
4 Augls
36 37
37
37
37
37
700 31% Augl9
37'V
Do pref., tr reefs
*

70

81

21
223% 225

125
36 %
87% 88 >v

124
35

& .Hiscell
Kxpress

J'ne

63% J'ne
35% J'ne
94% Nov

:

80

136

•130
*19

130

•18% 21

71

Industrial

250

68% 70
1% 2%

-88
§173

•14% 14 34
77% 77 %
t*

2%

Deo
56% Deo
Mar
76% J'ne
39 % Apr

88

Mm

l

Si

121

131%

09

H
O
O
W
w

46

70 3h

i

68% 69%
malganiated Copper. 108.390 61 Mar2.i
2% 2% American Bicycle
23,530
l%Sep 2
16
16
10
10
10
10
Do pref
500 10 Jan o
34 J* 34%
34%
34% 34%
34% American Car & Foundry 5,250 28% Apr 11
92 "4 92%
9u% 91%
91
91%
Do pref
2.210 85% Jan 14
50 50 Hi 50 54 % 53% 55 American Cotton Oil
13,150 30% Jan lo
•95
95
97%
97%
Do pref
86 Feb 3
""•200
36% 36% 36% 36% 36
38 American Dist.Telegraph
32% Jan 14
*225 260
250 260 American Express
200 210 Jan 13
61% 61% 60
61% 60% 61% American Grass Twine
3,985 39% Jan b
12% 12% 12
12
12
12 American Ice
1,72
9%JTyll
42
42
41% 42% 41
41%
l,90o 32 J'ly 10
Do pref
22% 22 34 *22
23% *23
23 Hi American Linseed
500 15 Jan 14
•50
*50
55
55
«53
53
Do pref
10 43 Jan 13
33% 34
33% 33% 33% 33% American Locomotive... 6,850 29%Mayl9
95% 96
95% 95% 95% 96
pref
Do
1,540 8d Jan 3
6% 6 4 *6% 6%
6% 7% American Malting
5 Jan 20
7,800
•22
25
24
25
24
29
5,6oo 21 Jan 20
Do pref
46
46% 44
46
45% 45% Amer. Smelt* g & Relin'g. 10,200 43% Apr 22
«97% 9i% 96% 97
96% 97
5,11s 95 Apr3o
Do pref
121 121
121% 121% 121%121% American Smitt
1,119 40% J an 22
•98% 99
99% 99% 98
99%
loo 85 Jan 13
Do pref
132 133*4 132% 133 il29%131% American Sugar Retinnif; 26,600 110%Jan o
'1-1
•122 130 »122 122
pref
100 115 Jan 2
Do
69

69

1 34

220

240

:1

J'ns

prel

United states Rubber
Do pref
United States Steel
Do pref
Virginia-Carolina Chem..
Do pref

247 240 250
Wells, Fargo & Co
est'n Union Tele'gph
94% 95%
94% 95%
West'gh'sehl
226
226
M lgassen
227% 227%
•228 235 228 235
Do 1st pref
247

,\.

,

90 Maf
41% Apr
86% Apr

8%J'n4
76%J'n#
J2

1

>

1

1

I

I

1

Apr

19%J'nO

76% Det
*t

100

Apr

16% May
83% Aug
34 Jan
85 Jan
55 Apr
ioi%Apr

Mar
Aug
199% DcJ
May
100%
1

"2
25

l so
187

Deo
Deo

BANKS AND TRUST COMPANIES- BROKERS' QUOTATIONS
Banks

NEW YOHK

Bid Ask
CITY
Washingt'iiT 200
Wash. H'lits" 200
WestSidell.. 590
Western
610 630
Yorkvillell .. 240

Bid
Banks
BROOKLYN
5 th Avenue^ 105

Ask

Bid

Bnnks
BROOKLYN

Ask

Trust (Jo's Bid Ask
Eastern Tr.. 212 215
Empire State 203 210
Equitable
350

Union!
140 160
Wallabout! 105
360
Farm LOcS
Mannfactrs'. 340
Trust Cos.
N. Y. CITY
Fifth Ave
640
M'echanicsH 218
Merchants'.. 110
2«5 295
Guaranty
730
Atlant
350
Nassau
Bowl'gi irei M 217% 222% (Jiiaiiliau Tr 210
BROOK LYiN
Knielc
'rb'k'r
.\'al City
a
lr
290
775
170 177Hi
Bedfordll .... 225
North Side!'• 180 185
Lincoln Tr... 410
C'lB'tyB&Tr 850 875
BoroughH.... 100
People's!
206
MoV'ck'rBtj 270
Central Tr'st 1910
Broad wayl .. 250
500
17th Ward*
Cily Trust... 400 415" Manhalian
130
Brooklynll .. 130
Mercantile ..
200
Colonial
LOO
Sprague
380
8th Wardll .. 75
20th Ward" 135
',60
Merchants'.. 125
Continental
* Bid and asked prices; no sales on this day.
t Ex rights,
it Beginning
i Less than loo sn u vs.
1 Sale at Stock Exchange or at auction this week,
o Ex stock dividend, s Trust Co. oertiiic a. First

.

I

i

I

.

!

i

1

•

.

\

.

i

.

i

1525

670
7G0
220
825
185

Trust

Co%

Bid

Metropolitan 600
Morton Prusi L090
Mut.Alliance 300
X V Life&Tr 1225
N YSecfcTr 1390
>;
Amer, 280
< > i-

1 1

1

Ask

Bid

Trust Co'a

VanN'denTr 230
1110
320
1250

285

Real F.stTr't 400
siaudardTr't 100

Tr Coot Am. 290 295
350
TrCoof Kpbc
Union Trust L390
175
Ml
US

Washington.
BKOOKl 1 N
Brooklyn Tr
Flalbush
Franklin
Hamilton
Kings Co
I, Isl

LATr.

100
I

'a

......

10% 440

175
325
325

130%
-"%

Mamifact'rs. 340

Nassau

AtU
240

220
360
230

-•-««•

•Hi

;§

Unit States. 1750 177:. Williams!)'::.
March 31 quoted per cent instead ot dollars per share.
State banka.
U Banks marked with a paragraph (!) are

S

8

New York

Stock Exchange—Bond Record, Friday, Weekly and Yearly
OCCUPYING FOUR PAGES

BONDS

Sept 5

Ask Low

Bid

U
U
V
V
V
U

U. S. Government
S 2s consol registered. dlPSO
dl930
S 2s consol coupon
S 2s cousol reg small. .dl93o
S '2s cousol wrap small rf 1 930
fcl91S 3s registered
fcl918
S 3s coupon
S 3s reg small bonds., fcl 918
k\
S 3s cou small bouds. . 9 1
/tl90/
S 4s registered
/tl90i
S 4s coupon
1925
6 4s registered
S 48 coupon
J-925
1904
S os registered
1904
6 5s ooupon

High

.

V
TJ
U
U
V
V
U

iVo

106^ 107 34 106k Aug'02
Sale

107k

106=4 107 34
108 Si lO'.i^

110k 1

1

3
4

13542 136

134 34 136
105 106
105 106

107°8

10i

5
,

107 J'ne'd'.
lOe^Aug'O'.
108 42Aug'i;'.
108 34 J 'ly '02
132 J'ly'02
139 34 Apr'O'J
10o 19May'02
104 Aug'02

1083.1

132
S"9»4

1

42

113
139 4z
139 34

IO0I4 10642

104

10642

Foreign Government
93k-...
Frankfort-on-Maiu 3ks ser 1.. M-S
These are 2)r('cc s on the ba sis ol
9842....
V S of Mexico s f g 5s or 1899
*i Iiese are pr
State Securities
.—.108 k
Alabama class A 4 to 5... .1900 j-j
1900 jj
Class Bos
j-j
1900
4s
Class C
1920 jj
Currency funding 4s
11J24 i<-A 123
Dist of Columbia 3*65s
Louisiana new cousol 4s. .1914 J-J 107
Small
18941995
Missouri tunning
•104
North Carolina consul 4s. 1910
1919 A-O 135
6s
JJ
1933
20-40
Carolina
4
So
"as
95 34
Tenn new settlement 3s. .1913
Small
"96
Virginia fund debt 2 3s. ..1991
k Sale
Registered
6s deferred Brown Bros ctfs.

Railroad
Alabama Cent bee So Ky
laba Mull See Sav Fla &
Albany <fc Susq See Del & Hud
Allegheny Valley See Penu KH
AHeg <fc West See Butt K & P
Am Dock <fc liu nee Cculof N J
/il995 Q.J
Ann Arbor 1st g 4s
Atch X <fe S Fe gen g 4s... 1990 A-O

9542 Feb '0'2
lour marks

98 34

Aug'02
o n the b

ices

94 34
to o

Jan

95 4
liar.

loo
asis 0/ $5 to £.

May'02
109>4Oct '00
102 4iMar'02
111 Mar'02
126 Oct '01
106 34 Aug'02
109 42 Feu'Ub
42

ne do

96

107

104

1995 A-O

Begislered

/il995 Nov
Registered
/il995 Nov
Stamped
/ll995 M-N
CI11C& St Louis 1st 6s. .1915 .VI- 8
Atl Knox Ac Nor 1st g 5s. .1940 J D
Dan v nee South Ky
Atlanta
Atlanta & Vadk &«? South By

&
Austin & N \V .See Sou Pacihc
>at Creek & S nee Mich Cent
-Dalt & Ohio prior g3 42S-1925
1

42

io(T"io7'"

104 k

104

'02

13643 J'ly '01
120 Mar'Oti

95 k 96 58
95
94
95 k 99 34

96"aAug'02
95 Aug'02
96"s

964>

24

10

10

15

10k

8

99 34

ibTk Sale
96 34 97
"94*8 Sale

99
99
104
104's
102 34 J'ne'02
97
964j
94 4: Apr '02
9476
95

95 se 10 O
103 105 34
102 105 L4
97
92
93 k 91 34
91

L

4

Registered
Southwestern Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han & St Jos consol 6s. .1911
Chic<fe E 111 lstsf cur 68.1907
1984
1st cousol g 6s
1937
General consol 1st 5s
1937
Registered
Chic & Ind C Ry 1st 5s.l936
Erie
Erie
See
&
Chicago
Chic In<fe Louisv ref 6s.. .1947
1947
Refunding gold5s
Louisv
A &Ch 1st 68.1910
Chic Mil & St Paul con 7s 1905
1914
Terminal gold 5s
General g 4s series A..el989
Registered
«1989

95-'4

lOS^ Dec '01

MS

PJun<& M Div 1st g 3 4281925 M-N
Registered
pl925 y-b
PLK& VaSysref 4S1941 M-N
Southw Div 1st g3ks... 1925 J-J

W

Registered
1st

Cen Ohio R
Beecli Creek

1st

Bellev

Bklyu
Bruns

6c
6c
6c

94k Sale
105

Sate

gu g

/il925
58. .1919

n

cg4hi8..1930 M-S

S'«NYC4H

Car

.

114 Sab
90 k Sale

98

95
944j
97 Apr'02
10443 105
10242 Feb '02
11342 11542
90 4i

98k 98

9038 sale

110
107

94»4

90 3

4

9842
9042

90
90 k J'ly '02
114>4J'ne'02
112 Nov'01

nee llllnoisCent

Montauk nee Long
West nee Sav HI & W
Jl

N

Buffalo
Y & Erie nee Erie
Buffalo R & P geu g 5s.. .1937 .VIAll <fc West lstg 4s gu..l998 A-O
CI <te Mali 1st gu g 5s. ...1943 J-J
Roch<fc Pitts 1st g lis.. .1921
Cousol 1st g 6s
1921
Buffalo & Southwest nee Erie
Buffalo & Susqu 1st g 5s. .1913 A-O

FA
JO

116 Sale
104
122 4j

*126kl27k

Registered
1913 A-O
dl951 J-J 100 10142
1st refunding g 48
Bur Cedar R & No 1st 6s. 1906 J-D 104=8 105
Cob 1st & col trust g 5s.. 1934 A-O *123kl25
Registered
1934 A-O
CR I F&N Wist gu 5s. 1921 A-O 117k.
M & St L 1st gu g 7s 1927 J-L
/ mnada South 1st 5s
1908 J-J 105 34 Sale
v>2d 6s
1913 ilrt-S
108
Registered

1913

MS

Carb & Shawn nee 111 Cent
CaroliuaCent nee Sea b& Roan
Carthage cfc Ad nee N V C & H
Ced R la b" & N AeeBCRifcN
Cen Branch U Plstg4s...l948 J-D
Cen Branch Ky nee Mo Pac
nee Balti & Ohio
RK & B of Ga col g 5s 1937
Cent of Ga RK 1st g 5s..pl945

116

116

103
130
127

Apr'97
May'02
Aug'02

100

Nov'99

103 J'ne'02
10442 10442

118

Jan

105 k
107 34

105 3j
107 34
Aug'01

107

97k

'02

4

Registered
pl945
Cousol gold os
1945
Registered
1945
lstpref income g6«....pl945
2d pret income g 5s
pl945
3d pref income g 5s
j>1945
Cliatt Inv pur nion g 4s. 1951
Mac & Nor Div 1st g 5s. 1946
Mid lia & Atl Div 58....1947
Mobile Dir 1st e 5s
1940
CentotNJ 1st cousol 7s. .1902
General gold 5s
1987
Registered
JU987

.Vl-N

F-A
F-A
M-N
M-N
OCt
Oct
OCt

J-D
J-J
J-J
J-J

M-N
J-J
y-J

I

<fe

D Exten

Nassau Klec gu g 4s
1951
& s Ky Bait 1st g 5s. 1922
Couu RJ-& 1st <fc n-f s4ks'51
Den Con Tr Co 1st g 5s.. .1933
Den Tram Co con g Os.,1910
Met Ky Co 1st gu g 68..1911
Det (it St .Ry 1st con gos.1905
Gr Rapids Ky 1st g5s...nl91t;
Louis Ry Co 1st con g5s.,1930
Market St C Ry lstg 6s.. 1913
Met St Ry sen col tr g 5s. 1997
Bway& 7tliAvlstcg5sl943
City

1.

*

No price

J-J

1st 7s

1921

9542

93

93

J'ne'02

110

111

*Sl
39

82
40

27

Sale

9043

109

112

136
135

May'02

11078
105 42 Sep '01
82 k Aug'02
39
40^
26
27 4j
92 Aug'02

110k

108k

101k May'02
136
136k 136
....

136 34 J'ly '02

.108

103
102
88
84

103
89

88

J-J

98
95

M

98

Apr'02
J'ne'00

J-J
J-J
K-A

120

J-D

118%

103

Nov'01

109

Mar'98

99

99 34 Aug'02

.

114

98

114 «8 Aug'02
104°8 J'ly'02
107 34 Aug'02
109 k Aug'01
100 Mar'02
:

104=8

107 34 108

98k.

99

103 k

114kH6k

104 k 106
107 34 lllk

99 34 100

1

08 "a Aug'02

107kH0

19

118 34 122
111 114

J 'ly '02

111k Aug'02
139k J'ly '02

123 34 123 34
124 34 Mar'02

May'02

Aug'02
Aug'02
May'02
Ang'02
112k Aug'02
114kJ'ly'02

lOSk^eb^S

13Skl39k
122k 126k
3
124 34 124 4
125 126

126
113

132k)
117

11338H5
182k 196
112

115

110k 117
104 34

104k

120kl20k
118kl24k

118k 117kAug'0^

114k 118 3
116kl21 4

112 34 ....
132 34 ....
120 34 122
j!07k....

124 k Apr'02
114 k Aug'02
113 34 J'ly '02
137 k J'ly '99

112kH5 34

107% Aug'02
182 k Jan '02

107kH0k

120=8 Aug'02

113k...,
11758 ...
115 ...

115 Mar'02
117=8 Aug'02
117 Mar'02

120k...
135 ...

120k Aug'02

J-D
F-A
F-A
M-N
Q-F

100k 103k

1

j-j
j.j

n

81»4

120k Mar'02

117k...
120k....
114 34 ....

118

84k 88

....

118=4 May'02

108kl09 108 k J'ly '02
114kll6k 114 k Aug'02

101«8...

10lk...
.106 a

A-O *113k
A-O
A-O n'09" ii'6"
A-O
M-N *ib*8"
M-N
A-O
A-O
M-N
M-N

'.'.'.'.'.

135 Aug'02
101 =8 Aug'02
10138 J'ne'0V
107 k Aug'02
107 Mar'00
106 k J'ne'02
103 Nov'98
115 k J'ly'02
111 Oct '00
109 Aug'02

10738May'01
108
108
108 Oct '01
115 k J'ne'02
114 Oct '01

123k J'ne'02
123

120k 124

182kl82k
118=8119
108 k 109 k
114 117k
113 34ll5

116kl21k
115

117

120k 123k
135

141

101kl04»4

101k 104
107 107k

I06kl06k
lib" iiT*
108 k 110
i'07"

i09k

114

117k

12ikl24

May'01

F-A

105k...
106 34 ...
108 ...
116k...
13338134 k
124 k 125
135=8

13558
103

113 Jan '01
109 k Mar'02
110k Aug'01
116 k J'ne'02

133k J'ly '02

125 Aug'02
142 k Feb '02
139 34 Jan '02
107 k Feb '01

112

110kMny'02

128
128

12S 34 Aug'02
28 k Aug'02

109 k Sale

09k 109k
Ilk Apr '02
00 3HJ'ly'02

98=8

99kJ'«ie'02
99 k J'ly'02

98k
98 k

96k

A-O 108k 111

99k J'ne'02
99k May'02
91k J'ly'02
97 Dec '00
H0kApr'02

109 k 109 k

116kH9k
3
133=8l37 4
125 128k

I42kl42k
139kl39 34

110k 110k
128

132

127 k 131

21 105 k

109

113k
112

100k look

99 k 99 k

99k 99k

99 k 99k
99 k
98

91k 91k

109k HOk

NO

J-D

138 Aug'02
138kJ'ly'02
136 34 137k 140 J'ne'02

138

M-N 137k
J-J

A-O
J-J

I28kl30

89=s Sale

il

El

137k 142
138kl41k
140

140

127=b130°8
29k J'ne'02
90S*
89k
89k 42 86

on Next Pase.

Ry & L

9S 34
120 34
120 3 i

Cab con g 5s. 1937
Guaranteed gold 5s
1937
Union El (Chic) 1st g 5s. .1945
Chic St 40-yr 1st cur 5s. 1928

St Paul City

40-year consol gold 5S...1936

Gas and Electric Light
G L Co lstg os... 1947

109
110

99

k J'ne'02
123k J'lV '02
98 34
98 k
122

98k Sale
......

30-yr g 5s. 1 926

1st con g 5s. .1919

W

J-J

106k

97k
91k

J-J
J-J

J-D

10234

I0014.

J-J

Minn St Ry

A-O

103k 103k
104 34 Apr '01,
100kAug'02

103 k Sale

115 34

J-D
J-D

1054*

100

86
83 34

j-j
j-j

jj

104
98

83=i,

83

104 34 Jan '02

jj

110k

i08kil6*"

102 k 104 k

*s2

132
116
115
189

jj

106

102=8 J'ly '02
85
82
82
3
83 4 Apr'02

107

Aug'02

115
117

111-

J'ne'01

S4k 85k 85

J-J
J-J

J-D

112

119kl23k

102«s....

89k
32k 44k
18k 31

Des M & Ft D 1st 4s. ...1905
lst2ks
1905
Extension 4s
1905
Keok& Des M 1st 5s.. ..1923
Chic & St L See Atch T <fc Sa Fe
Chic St L&
91 34 93
See 1 11 Cent
108k 108^ Chic St L <fc Pitts See Penn Co
Chic St P M & O con 6s... 1930
ChStP& Minn lstg 6s 1918
106 112k
Nor Wisconsin 1st 6s. ..1930
101 Vj 103 k
St P <fe S City 1st g 6s.. .1919
132 141
13914 Chicago Ter Trans g 4s... 1947
131

106
106

lOlkApr'99

10Gkll3k

H4s
M4s
N 4s

4

105
102

106k.

99k

Street Railway
110k Met St Ry— rCon;Ref g 4s2002
C0l&9thAvlstgu g 5s. 1993
Lex Av<fe PFlstgu'gos 1993
112 k 114
Third Ave RR con gu 4s 2000
100 106k
Third Ave Ry 1st g 5s.. 1937
100k 105
Met WS El (Chic) 1st g4s. 1938
93
b7

108 Aug'02
110 Jan '99
114 May'02
102 Aug'02
102 k 102 k

1

C 4s ...1905 M-N
1910 M-N
1915 M-N
1910 M-N

3

May'02

114kJ'ne'o-_
120
120

io'okSalt* 106
106 k
103 Apr'01
il4kil6" 116 J'ne'02
102 34 105 105 k J'ne'02
99 k J'ly '02

198.x J-J

76

lo8k

Sale

J-J 131 ....
J-J
J-J *ii2"kl"!
J-J
J-J ii2k"II
J-J

95

1

64

120

125

1924 J-J
1907 F-A
Incomes
1911 M-N
Chic Rock Isl& Pac 6s. ..1917 J-J
Registered
1917 J-J
General gold 4s
1988 J-J

106kl09
19 k 122

J'iy'O:

102 J'ne'99
11242 Apr'02

108k
10942
101 34

109
122

114 34 112

115k

123

J-J

Mich Divlstg6s

Regist ered
Coll trust Series

,109
120 34

125
114

.

Convertible deb 5s

•93

Mar'02

106

102kAug'02

M-N 108
M-S
J-D 111k....
A-O 139 3k....
M-N 123 4l24k
M-N

Milw <fe Madison

MISCELLANEOUS BONOS—Continued
Street Railway
Brooklyn Rap Tr g 5s
1945 A-O
Atl Ar Bklyn imp g 5s. .1934 J-J
BkCity 1st con 58.1916, 1941 J-J
Bky Cote S con gug 5s. 1941 M-N
Bklyn I 11 Kl 1st g 4 58.1950 F-A
Kings Co El 1st g 4s. ...1949 F-A

F-A
J-J
J-J

HI

104 38 107k
107 3

FA

1st 6s. .1905 M-S
North Illinois 1st 5s
1910 M-S
Ott C F & St Paul 1st 5s 1909 M-S
Winona & St Pet 2d 7s. .1907 M-N
Mil L S & West 1st g 6s 1921 M-N
Ext & Imp s fund g 5s 1929 F-A
Ashland Div 1st g 6s. .192" M-S

103 k 106^
124 14l26 1 4
124 56 124 34
118 118

124% J'ly '02
124 58 Feb '02

M-S
M-N
M-N
A-O

1916
1924
1910
1910
1908

97
105

Central Ohio

Cen

DDivlst7s

1910

LaCrosse & D 1st 5s. ...1919
Mineral Point Div 5s. ...1910
IO3I4
1910
So Minn Div 1st 6s
116
1909
Southwest Div 1st 6s
1
90 4 93 k
Wi8& Minn Div g 5s 1921
Mil & No 1st M L 6s.. ..1910
1913
Istconsol 6s
97kl01
1915
90
91k Chic &Northw cons 7s
l
1902
90 4 90k
Gold 7s
Registered
1902
U4 l4ll4 14
Extension 4s
1886-1926
Registered
1886-1926
General gold 3ks
1987
«1987
Registered
Sinking fund 6s.. .1879-:
Registered
1879-1929
Sinking fund 5s... 1879-1929
116 H9k
Registered
1879-1929
Debenture os
1909
Registered
1909
128 130k
3
Debenture 5s....
1921
125 4 129k
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
Des Mo & Minn 1st 7s. .1907
102 103

96k

102
102
104

J-J
J-J
J-J

Registered
el989 j-j
Chic<& L Su Div g5s.... 1921 jj
Chic <fe Mo Riv Div 5s. ..1920 jj

CMC& Pac Div 6s
Chic & P W 1st g 5s
Dak & Gt So g 5s
Far & Sou assu g 6s

Since

J-iigli No Low Higli
Ask Low
113k Aug'02
112°ello

Bid
113

Generalg 3ks series B.^1989

lst5s

J-J

J-J

A-O
A-O
M-N
1927 M-N
1921 M-S

N

/U948 y-J

Mouou RiV

IowaDiv5s

Range
January 1

M-S

1st lien 3ks...l950 J-J

1905
Denver Div 4s. ....... ...1922
1949
Illinois Div3ks
1949
Begistered
Iowa Div sink fund 5s.. 1919
1919
Sinkingfund4s
Nebraska Extension 4s. 192"
Chiccfe

102 k 102
111 111

J-J

1950 J-J
Registered
Chic Bur & Q consol 7s. ..1903 J-J

107

106

Istconsol g 5s
Registered
General gold 4ks
Registered
1940
Craig Valley lstg 5s
R<fe A Drv 1st con g 4s. .1989
1989
2d consol g4s
Warm Spr Val lstg 5s.. 1941
Greenbrier By lstgugis '40
Chic <fe Alt RK s fund 6s. .1903
1949
Refunding g 3s

Hast<fe

/tl925 Q-J
/il94& A-O

1911

5s. .1921

A-O
A-O
.....1939 M-N
1939 M-N
1992 M-S
1992 M-S

I

Registered
Gold 4s
Registered
Conv deb 4s

Imp gu

Le<fe Hud R gengugSs 1920 J-J
Leh & Wilks B Coal 5s. .1912 M-N
</1910 Q-M 100
Con ex t guar4ks

Railway

W

Adjustment g 4s

Am Dock &

N Y<fc Long Br gen g 4s 1941
105*8 1094, Cent Pacific See So Pacific Co
GO 10034 110
Charles & Sav lstg 7s. ...1930
107 107
dies & Ohio g 6s ser A..A1908
3
al911
106 8 109 k
Gold 6s
10814 112

Friday
Sept 5

N. Y.

10S 34 109 7e
107^4 109 ss

Week's
Range or
Last Sale

Price

STOCK EXCHANGE
January 1
Wkek Enoino Sept 5
Low High Central of N 3—(Continued)
Since

Aug'O-:
109 34 107=4 J'ly'02

108 '4

BONDS

Range

108k 109k 108 34

—

TJ

Week's
JRange or
Last Sale

iYic*
Friitay

STOCK EXCHANGE
Wbek Ending Sept 6

K. Y.

125

125
101
106
110

98»4

99

121k 124k

120=4 124

98
123

101=s

Ang'02
Oct '99

101

127
103

J'ne'02

110

110

J'ly'02

114kNov'01
109 k Dec '99

"33"

Scow

Atlanta

Friday: latest price this week,

Sale

119=8

118
a Due Jan

Bos V Gas tr ctfs s f g 5s. 1939
91k Oct '98
122
117 120k
118 117=8 Aug'02
117kll9'6 Bklyn U Gas 1st con g 5s. 1945
d Due Apr e Due May g Due Jne h Due J'ly fc Due Aug p Due Not gDue Dec *Option sale

120

J'ly'02

52'

119

5

J

.

Bond

486
BONDS

Friday
Sept 5

West Mich By
Choc Ok & U gen g 5s

Chiccfe

5s.. 1921 .I-D

.. .01919 J-J
Cin
cousol s 7s.. .19(15 A-O
2d gold 4*ss
1987 J-J
Cin
1 1st gu g 5s. ..1941 M-N

HAD

1

DA

& C Nee C C C & St I,
Cin S & C See C C C St L
Clearfield & Mali See B R & P
Cleveland Cin Clue A St Louis
C

n. y.

January

1

Hit/lt

No Low Hir/h

118*4 Aug'02

107V

109

11734 119
109 109
105 1144

Ask Low

109
109

Apr '02

U4VMay'02

V

.

"1

111 VI"-'

W&

J-D

102

J-J

101

J-J

102
103

M-N
M-N
M-S

W

COCA

Vt

11334

1154

17 102

103 34 103*2 Aug'02
99 Mav'99
100
83

J-J

QF

I

W

104 5s

102

102

Idl

V103 34

1

02 's 10434

102

114V
128

1

J-J
J-J

133

.

'02

May'02

136*2 138

100 Vale 100 4 100 ^
76 Sale
76
75
116 34
HO^ Aug'02

U4V116 12

12334

127V128

83

128

,

Sale

94*2 9434

98»ol02
82 4
72

J'ne'02

83

83

82*4

8G34

9434

94*8 131

91

97

N&W

A Waco Nee M K & T
Del Lack & Western 7s. ..1907
Morris A Essex 1st 78... 1914
'alias

W

&

Lack

117H May'02

1915
1915

Oct '9»

13134

1923

Registered

.

7s. 190(3

1906
1900
Registered
1900
Rens & Saratoga 1st 78.1921
Registered
1921
Del Riv KK Bridge Nee Pa KK
DenvA K Gr 1st con g 4s. 1930
Consol gold 4 *28
1930
gold

114V11736

J'ne'02

143

144

113

Aug'01
Aug'02

114

Uii

M & Tol
DetA Mack

102

See Cli
N
1st g 5s. .1917 M-N
See L S & M So
1st lieu g 4s. 1995 J-D

Ky

1995
1951
g 4s
Ohio Sou Div 1st g 4s... 191
DulA Iron Range 1st 5s.. 1937
Registered
1937
1910
2(1 6s
Dul So Shore A Atl g 5s.. 1937
X/ast of Minn SeeSX P M <t M
-Tjast Ten Va A Oa Nee So Ky
Elgin Jol& East 1st g 5s. 1941
1st

1

Elm

Cort

& No

See

Leh A

Erie 1st ext sold 4s
2(! ext gold 5s
3d ext gold 4
4th ext gold 5s
6th ext gold 4s

NY

J-D
J-D

MS

A-O

1119

Feb '02

Ul»8lliaa

147Vl5Ha

147VT'ne'U2

147V147»2

02 U Aug'02
(>'-..May'O
110*2 1 09 34 Aug'02

102 \

J

J

1044

1

101

11

110*4

U2

109

113*4

89

Aug'02

105

111

Feb '01

8534
91
115

102

....

93*2

84 >2 87 a4
92 >9 95^
112»8 115

80
93
J'ly '02

114V

115

J'ne'02

111

M-N

114

114

J'ne'02

112"8 115

115

118

May'02

1 1

lli'V
112 '4
120
107
137
189'
137

119 l4J'ne'0

1st consol gold 7s
1st consol g tund 7s
Erie 1st con g 4s prior.. 1996

138
130

1

L08

'1

100 14 20
98 1aJ ly 02
87 '<2 279
87
,

87 *4 Sale

1

1

'v

,

-

1091.,

142
139
102

98 >a

9.-. '2

s.i'.,

90

93

9334

AS W

934
933s
133 Jan '02

3

1

96

93
133

K Y A Green L g'l g 5S.194I
Mid KKol N J lstglis.1910
N Y Sus A W 1st ref 5s. 193"

106
11

109

114V

2d gold 4' 2 8
193
General gold 5s
1940
Terminal 1st gold 5s. ..1913
U. gis 85,000 each.. .1943
Wilk & Ea 1st gu S Ss.1942
Erie & J itts See Penn Co
Evans cfe T H 1st cons Os.1921
1st general golil 5s
1942

108
117

122
112
102
110

1

1

114«8 118

MS

1

Gas & Elcc Bern Co c g 5s. 9 19
G r Kan G L Co 1st g 5s ... 9
O Mo Gas Co 1st g 5s... 192
Kings Co El L<fc P g 58... 1937
Purchase money t>s
997
Ed El 11 Bkn 1st con g4s 1939
1

1

E

1

1

J-D

FA

A-O
A-O
A-O
J-J

LacGasLofSt L Istg58.el919 OF
Milwaukee Gas L 1st 4s.. 927 M-N
I

*

No price Friday;

latest bid

104-'s

10534 106

116

115

104*210539

Oct

104 n8 106 34

'01

108 '2 106
104 38 104^

104*2 J'ly '02

.

104 58May\>2

98 34

98 a4

10

98*4

98 34 101*4

123 Mav'99
87*s May'02

116

87*8 87*a

100

100 J'ly'02
101*8 Oct '99
100 Nov'00
111*2 Aug'02

1

123

.

'.

104*2.

107
107

iiiviu 3

*'

127*4 Aug'02
Sep '01
124

127*4 131

104 5s

Apr'02

i04*°8io4^

lO034 J'ly'O2

106 34l06 34,

101

Mar'02

ioi"

107

J'ly'02

105^109

10234 Mar'03
101
124V1'26 34 125*4 J'ly '0
100 100 W 99*-. 101
75
78 Aug'02
80

1

00

121

ib*4>a'

1

02'4

VI 27

98 VI 03
80
75

117*8 117*8
9o*aA«ig'02

117
95

101

May'O 1
Noy'9»

124

90
127*4

116

119*4

95

97

107
72

72
72 *,
63*4 Oet '00

Sale

1950

W

2d gold 5s

120

st

1

g 5s.. 1945

l-ii

V

118*4.

1941

1 1

See N Y Cent
coll g 5s. 1997
199,
Registered 5s
Leh Val N Y 1st gug 4*28. 1940
Registered
1940
Leh V Ter Ky 1st gu g 5s. 1941
9 I
Kegistered
Leh V coal Co 1st gu 2 5s. 19:;.:
Registered
Leh* X V! 1st guar g4s.. 1945
Kegistered
1945

4 >2

.

109

.

110

111

107*4
118*4

11

71*4

121*4 Aug'02
\ n 2'02
L8
U5 34 J'ly'02

12014 123

110*2Feb'02

109

110*2

110 Au2'<)2
109*2 J'ne'Ol

109

112
109 'a
120*4

is:*. J

te

|09VOot
108*2 Sale
107
96*2

El C <t N Istglstpf 6s
Gold guar 5s
1914
Leh A Hud 1: See Cent ol N
Leu & Wilkesh 8, Cent ol NJ
Leroy & Caney Val See Mo P
Long Dock S< e Erie

lis
116
112*211534

1

1

1

108*2

97
101

Island 1st con
1st cousol gold 4s

'

1091.2
3
l lb *

(> v

'99

io8'2 ios'*2

108*2

97

J'ly'02
'

8

Sep

97

'99

l

gold 58

1922
1932
1919
193

1st

gOs.. 1911

A Mont

103

103

100 34

107's

H0>2

116

11 (.'2

i'isiailSis

110

Aug'02

112

J'ne'02

121 "s 126VJ
108 8 112
112 112

115

May'02

114

NorShB
l.ouisv

A

g5s...

1st

Nasln gen g 68.1930

Gold 5a
Unilied gold 4a
Begistered

Nash

<fc

102

1940
1940
7s

1st 2

mi

104*4

108

104

99"

103"

111

111

112 118
112' a 112«9
-"2 114*2
is', 122
ir;
116
kio
10334
100 100
115
115
100 101*2
1

1

1

102

-

l\013,

1

68....1919

& Lex gold4*as...
N O M 1st gold 6s. ...193(1
1930
N O & M 2d 2. .hi Os
011

109*2 J'ne'Ol
112 Mar'02
112*2 Jan '02
112*2 Apr '02
119 Aug'02
116 J'ne'02

1

r.to,

LCin

116

Sale

Jau'02

100 Jan '02
115 Fob '02
ibo' " 101*4 100>2 100*9
106
115 May'02
103
130*2
128*4
122*2
124 I*8 Apr'02

1931
1903-1 918

2. Is.
Ceciliau Branch

119

.....1937

Coll trusl gold 5s

E H

108*2

Con 2211 5s 01932

>

HI

108

10G

1911

1st

103 Aug'02
103 May'02
100 Oct '(IO
101*2 101*2 101*2

1

5a

Y.V B B

121*2 122

/<19:;l

Qitied gold 4s
01 in •

Mar'02

122

12034

g 5s./il931

.11112

114*2116

.1

128*2l30»a
122 124 6g

'

<fc

1 1

Aug'02

CKI&P

N

102

Next Page.

4>n» mill Electric Light
Mut Fuel Gas Co Nee Peop :as
.\ iw.uiv
Ions (as con g5s 1948
n v i; E L 11 <v p
6s.. .1948
Purohase money g 4s..
Ed El ill 1st conv g os.
si consol gold 5s
995
tfY&QE) L<S i'ii. 01
a E g 58.1949
Pateraon A
Peot Mw & O 1st gu g 6s..
2d guar gold (!s t
1943
SI cull guld 6S
1947
Betunding gold 5s
gu
5s
Ckelet
937
CliG-L<fe
g
Con G Cool Ch 1st gu g58.'36
Eq Get Kill 1st 211 g 6s. L906
Mil Fuel Gas 181 gu g5s.l947
Trenton G & Kl 1st a 5s.. 1949
Utica E L & P lsts f g 5s
<

i

1

11

(

1

in 107*4 112

104% Aug'02
102

1st gold 3s. .1950

Registered

MISCELLANEOUS BONUS—Continued

EIHlBkn SeeKCoE 1.1
E 11 Nee N Y G & E L A P
O L N Y 1st con g 5s.. 935
G & Fuel See P G & C Co

.

105

Kentucky Cent See L & N
Keok & Des JIo See
Knoxville& Ohio SeeSoKv
I ake Erie&
1st g5s.. 1937

Isl

1-n.N

Ed
Ed
Eq
Eq

109*2

109*2

102*2 Apr '98

N Y B& M B 1st con g 5s 1935

IS

<v-

mid Electric Liglu
Ch G L & C Co See 1'i.A Co
Columbus Gas 1st g 5s
1932 J-J
Conn By & L See-Street i;>
Con Gas Co See P G & C
Detroit City Oas g5s
L923 J-J
Det Gas Co con 1st g 5s... 191 s FA

97 >4

d.-

Kan City Sou

Bklvn

Oct '98

121 "a J'ly '02

95

See Krie

Debi

100
114 '2 1143.,

Vernon st gold (is.. 192;
Suil Co Branch 1st g 58.1930
Ev A ud 1st eon gu g (is.. 926
L*argo A so See Oh M
S1 P
lint & Pi re d
See PereMai

J

KK

117
121
118*2 118*2

l

I

112

W

General gold 4s
Ferry gold i'-.:s
Gold is

:

1

96*4 42ti

115*8Apr'02
113'2Mar'00
104*2 Mar'02

113*4.

StL&NO

I0334 106
l::*;', 137*4

114%Aug'0'.
117 May'02
103 Apr'02
108 Aug'02
116VMay()-J

95*8

106

1951
1951
Registered
1951
Coll Trust gold 4s
1952
Registered
1952
L N 5 & Tex gold 4s. ...1953
Registered
1953
1950
Cairo Bridge goid 4s
Louisville Div gold 3*28.1953
Registered
1953
Midland DivregSs
1921
St Louis Div gold 3s. ...1951
1951
Registered
Gold 3*28
1951
Registered
1951
Spring Div 1st i- 3*28.. .1951
Western Lines 1st g 4s. .1951
Registered
1951
Bellev&Car 1st 6s
1923
Carb <fe Shaw 1st g 4s. ..1932
Chic
g 5s. ..1951
Registered
1951
Gold 3*28
1951
Registered
1951
Memph Div 1st g4s...l951
Registered
1951
St L Sou 1st gu g 4s
1931
Ind Blcfc West SeeCCC<£ si 1.
Ind Dec ifc
1st g 5s
1935
1935
1st guar gold 5s
Ind 111 it la 1st g is
1950
Int& Great Nor 1st g 6s.. 19 19
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938
Refunding g4s
1951

123'i

'('•-'

110

Registered

Aug'02

8^ A pr

109*2lll*a

1st gold 3s sterling

\11-1i-

1 37 "« J'ne'02
Aug'02
121

*T09

1951

1st gold 3*2S

1

123V,
106 108
137*2
116*2
116

106*4,

.1

i

Jit

1999
Col& H V 1st ext u 4s.. 194s
Houst E &
Tex See so Pac
Houst& Tex Cen See So Pac Co
Illinois Central 1st g 4s.. 1951
1951
Registered

L Sho & Mich S

116-8
15
1934 12134

J'ly'02

1934

139
9934 100'. 100

Registered
199(3
1st consol gen lien g 4s.. 1990
Registered
1 991
Penn coll tr g 4s
1951
Burt N Y A Erie 1st 7s.. 1916
Bull
goldOs
1908
Small
1908
Chiccfe Erie 1st gold 5s.. 1982
Jell BK IbI gu g 5s
a!909
Long Dock consol 2 6s.. 1935
Coal A KK 1st cur guGa. 1922
Dock A Imp 1st ctir6s. .1913

1

Aug'02
109 4 Jan '02
40 Aug'02
1

109

&

North Ohio

115

118
118*8 122

116' 8 Api '02

105

l

"ref

Lehigh Val (Pa)

5

102

98*aNov'00
lllVMar'Of

Registered

I J

J-J

05 >3 Aug'02

<fc

101 102
92*2 95 V!

J'ly '02

86
93*2 93
114
....

1

96*4 Sale

&

Rv

1st

A & G R Nee L S M S
Kal
an & Mich See Tol & O C
KCFtSJfcM .SeeStL&SF
KC&M K& Blstgug 58.1929 A-O
Kan C
Pacific See M K
X

84*2 91

93VAug'02

95*2

87

..

106*2 Feb '02
106*2l06*a
105 Mar'iis
115
1153s 154 106 116*a
89 Aug'02
87*2 92*a

W

tr4s 1921

<fc

100

89

111*2..

O
See dies
& t g 5s (>1952
<fe St Jo
See C B
y
ousatonic See N Y N H & H
Hock Val lstconsol g 4 V. 1 909

Jefferson

A O

1947
1919
1923
1920
1928
1920
1920

V

11534

10834

4 J'ne'02

147

107V...

Gold 4s

Det Sou

1113s

V
147V
147

113

J'ne'02

J'ne"'

122
109

.

W

&

DesMAMiun

Det

4

>...

143
149
113

Improvement gold 5s. ..192*
110
Rio Gr So gu Nee Hio Gr So
Den & S West gen s f g 5s 1 929 J-D
Des M oi A VI D see K & I P

DesMoi

105

102

l

114VMay'02

109*4

(is

VI 87
115V118

133

114V

Registered

Guar

1173812018
135 138
137 141

I3534 J'ne'02
11 5*8 Aug'02
102 J'ne'02

.

.

1917

Sua 1st con gu

A-

J'ue'02
J'ne'02

140

115
103

Term A improve 4s
1923
Syr BingA N Y 1st 7s. .1906
Warren 1st ref gug3 ^8.2000
Del A Hud 1st Pa Div 7s. 1917
Alb

135*2
135
136*2138*4 137

2000

1st 6s.. .1921

Construction 5s

88

105V.

W

138

138

ioi'iNov'Ol

A-O
Q-J

114 2

LS

Nee St
coll

Han

1023j 106

11338 115io
134 1 s184'b

l

34^ Jan

Term

Greenbrier

10234 Aug'02

*2

Low High

.

1153s Sale

112

A'o

<fe

Gulf& S 1

Hock Val Nee Hock Val
Conn A Term Nee
Conn & Pas Kivs 1st g 4s. 1943 A-O
J\ak A Gt So Nee CM A St P

NY

W
W

High
Sep 00

100

106V

'alHar&SA Nee So Pac Co
T al H & H 011882 1st 5s. 1913
Ga& AlaRy 1st con 5s. .01945
Ga Car & No 1st gu g 5s.. 1929
Georgia Pacific See So Ky
(iila V G & Nor
See So Pac Co
Gouv oswegat Nee N Y Cent
Grand Kap& Ind iSVePenn RR
Gt Nor— CB&Q

Nov'99

J-D
J-D

Clev & Pitts Nee Penn Co
Col Midland 1st a 4s
1947 J-J
Colorado & Son 1st g 4s... 1929 FA
Coin in & oreeuv set So Ky

lstconsol guar 7s
Registered
1st ref gn g 3 *vs

Ft

Range
Nince
Janvari/ 1

Last Sale

Ask Low
.

10334

U D Co 1st g 4*28.1941
& Den C 1st g Gs....l921
& Kio Gr 1st g 34s. 1928

Gray's Pt

J'ne'Ol

114*2

PeoA East 1st cou 4s. ..1940 A-O
Income 4s
1990 Apr
Cl Lor & Wli con 1st s 5s. 1933 A O
Clev A Marietta Nee Penn Rli
Clev&Mahou Val g 5s.. .1938 J J
Registered
1938 y-

&

102
102
102 Apr'02
102' 8 Aug'02

Sale

M-N

W

Col
Col

1st g 5s.. .1918
1st land gr ext gold 5s. .1930
Consul gold 5s
1943

/
*

General » 4s
1993
1989
Cairo Div 1st gold 4s
Cin
M Div lstg 48.1991
St L Div 1st col tr g4s..l990
199(1
Registered
Spr&ColDiv 1st g 4s. .1940
"W
Val Div 1st g 4a.. .1940
C 1 St L& C consul 68.. 1920
1st gold 4»
...*1936
Registered
&1936
Cin S& Cl con 1st g 5s. .1928
consul 7s
1914
Cousol sink tund 7s
1914
General cousol gold Os. 1934
Registered
1934
1st prof 4s. 1940
Ind Bl &
1st pf 6s.. .41938
O Ind A

Week's

Range or

Sid
105

FlaCen& Pen

LXXV.

c~

Price

Friday
Sept 5

Fort St

113 Oct '00
114 34 J'ly '02

115

[Vol.

stock exchange
Week Ending sept 5

Since

Last Sale

2

BONDS

Range

or

L

St

I

Range

—Continued— Page

116*4.

Bid
Ohio & West Ind Ren g 6s 71932 Q-M

"Record

Week's

Price

STOCK EXCHANGE
week Ending seit 5

H. Y.

3

!

97
104

Aug'02
May'02

118

J'ne'02

92 *2 99*2
104 104

1

1

PG

11G

70

118

118

61*2 Oct '01
107 34 Dec '00

1

1

123*2 125*2 124*4 J'ly '02
90 '2
99 J'ne'02
Kl.S
Sale 108
108*2
95*4
95 J'ly'02

123

97
107
95

124

'4

99
'2 1

1

95 34

and asked this week. aDueJan 6DueFeb

<(

Due Apr eDueMuy ADueJ'ly

J-D
J-D

118*2 Sale

MS

105*2 106*2

105'..

J-J

120

120
107

FA

96*.|

Salo

F-A 106*4

MS

M-N
J-D
A

11

MS

112

113*2

Sale

110

J-D

108

J-J

in-j'i

106*a 109
121 4
120
104*2 i(»S*a

105 '2
J'U '('-'
107

J'ne'OS
103*2 J'ne'02
121
121
D
106
lug'02
108 1

104

103
10

106

J'ly'02

109

Feb '01

104
106
126
111*4
1119*2

105

k.pr'02

105

lio-'i

98 *2

9 0'.,

104

104
121

J-J

M-N
M-S

113*2

105

106

J-J
*r

Due Aug oDueOot gDueDeo eOptlonsale

91

Septekbm

JJ

BONUS

WeeJc's

Kanye or

1.

1921 M-S

gold 38

1980

i22V

,V1-S

70

Heuder Bdgelstsfg6s.l981 M-S
Kentucky Cent gold 4s.. 1981 J-J
M 1 at g 4 *aa 1945 M-S
Li- N A M

99

& S 1st gxt g 5s... 1931
Pens A All 1st gu g 6s. .1921
6

Fla

F-A
F-A
A-O
BdgeCogng48..1945 M-S

A- N Ala era gu g 5s. .1986
191"
Sink lurid gold 6a

L& Jett Cli See C'i*L
IXA&
ahuii Coal Sw LS&MS
\
Ulanliattan RyoonsoUs.1990
I

1990
Begist ered
1908
Hetropol El 1st a 6s
5s
1984
Coloniz
g
Man S
MeK'pt cfc B V See N V Cent
Metropolitan El See Man Ry
Mex Cent consul gold 4S..1911
1st consol income g 3s.al939
2(1 consol income g 3s..al939
1917
Equip cfc coll gold 5s
1919
2d series gold 5s
Coll tr ai^s 1st Ser....l907
Mex Internal 1st con s4s.l977
1910
Mex North 1st gold 6s
Mich Cent See N Y Cent
Mid of J See Erie
See Chic <fe
Mil L S
Mil & Mad See Chic & N
cfc St P
Mil & North Se« Ch
Minn & St L 1st gold 7s.. 1927
lyoy
Iowa Ex 1st gold 7s
Pacitic Ex 1st scold lis. ..1921

W

N
&W

115

117
115

J'ly '02

112ia

98

100

Mar'01

A-O
A-O

104*4 Sale

J-J

ill's IIII!

75

77H

99

101

112

104*4 104V
105*4 May'01
lll*a 111*2

*a

117

83

Sale
31 7g Sale
J'ly
J'ly * 21*2 22is

93

83

81 3

31%

32*2

30%

22

22

4

Aug'02

97

90% J'ly
97

'01

&N

M-N
M-S

cfc

145

147*2 Jan '02
118 J'ne'02
129*4 Aug'02
121
Jan '02

.

119 .
129 .
121 "a.
122 ia
104 .

123

cfc

W

M

84 *a
106

M-N 106
A-O
M-N 102 %.

102*,May'O2
91 Aug'02
108*2Aug'O2

.106

105 *a J'ly '02

io5%.

F-A
J-D

A-O 112 ...,
M-N 113%...,
M-N 125 125*2
M-S 105 34 107
M-S

112*4 Aug'02
118 Aug'02

F-A

106*aAug'02

FA

J-J

F-A
J-J

A-O
A-O
J-J

92
103
105
114
117

M-S

94
103

J-J
J-J

92

J-D
J-D
U.-J

M-S
F-A

95

125 34

Aug'02

109

92*8

92*8

100
105
116

May'01
Aug'02

Sale

J'ne'02
116*2 117

Sale

114
94

J'ly '02
94*4

115*4120
114 114
92*4

95

93

93*2

110*4 J'ly'oo

129ia.

127
97
115

.

.

,

Q-F
J-J

93 Apr'O'.
102 J'ly '02
129*aAug'02
127
127
99 Aug'02
116
116
95*4 Nov'01
101 *a J'ne'02

97
129
127
98

102
132

114

118*2

See St

P

126
116
119

.

.

H4 S4

.

.

125 34
115
113
116
111

J'ly '02

125% 129

Aug'02
Dec '09

114

116

J'ly '02
Dec '99

116

116

114%.
Nash Flor cfc shef See L cfc N
Nat of Mex prior lien 4 *23. 1 926 J-J 101%
101
101% Aug'02
1st C011901 4s
80 Sale
1951 A-O
79*4
80 190 78

104
81*2

New H D SeeNYNHcfcH
N J June RR See N Y Cent
New Cin Bdge See PennCo

1903 J -J
1997 J1007 J.

Gold mortgage 3 'as
Begistered
Debenture 5s of. ..1884-1904
Registered
1884-1904
Begist deb 5s of.. .1889-1904
Debenture g 4s
1890-1905
Registered
1890-1905
Debt certs ext g 4s
1905
Registered
1005
Lake Shore coll g 3*28.. .1998
Registered
1998
Mich Cent coll g 3 *2S
1998
Registered
1998
Beech Creek 1st gug4s. 1936
Registered
1936
2d gu gold 5s
1936
Beech Cr Ext lstg 3*28 61951
Cart cfc Ad 1st gu sr 4s. ..1981
Clear! Bit CoaJ 1st s f 4s. 1940
Gouv<fe()swelstKUg5s 1942
Moh cfc Mai 1st gu g 4s. .1991
Income 5s
1992

101%.
101%.
101

J-D

101

ia

lOS*a Apr '02
102*4 103 3, Aug'02

102

*a

101 34

93*4 Feb'0'.s
111*4 Sep '01
106 J'ue'98

106

96

C guar

D
E

i'04*

Apr'02

93

RR

W&

MutUnTolCo SeeWestnUn
N Y N J Tel gen g 5s. .1920 M-N
No West TelPK See West Un

Oct '99
114*2 Apr'02
113*4 Oct '01

<fc

11

Tel s fund 6s. ..1911 M-N
Northwestern Tel 7s
1904 J-J

110*2 111

Aug'02

106
111

J'ne'02

111*8

106

Coal and Iron

Cah

Coal

Min

Clear! Bit Coal

See T C
See N

No price Friday;

latest bid

55
110*2.

and asked

Nov'00

110% Aug'02

this week,

a

Due Jan

110*2115
6

Due Feb

104% 104%
104% Aug'02
74%
75's

101*2

104%

104

106%

103%105*2

75%

Apr'02

73
72

75

102*2May'02

100

102*a

129*8May'0'.
132 J'ly '90

i'29%

129%

Apr'02
112*2 Aug'02
100 Aug'02

121 122
110*4ll2*a
100 100
94*2 94*a
115 119*3

Feb '02
J'ly '02

102*2May'02
102 Apr'02
lll*2Aug'0?

102*2 102%
101*2 102
111*4 113%

110% J'ly '02

110% 112%

102

112

J-J

120*4.

121%.

110

Nov'98
97*2 99
122*2 123

98*4 J'ly '02

A-O
M-N

123

J'ly '02

121

Oct '00

102

Nov'00

F-A
J-J
J-J
J-J

101
iYd"

114%116*9
114% 115*2

115*8 J'ne'02

115% J'ly '02
116*2 Feb'01

106% Nov'01
97

97*2 J'ne'02

128
128

A-O

128

110*all0%

110*2 Mar'02
Sale

97*s

128% 132
128% 131 *a

128% Aug'02
128% Aug'02
130 Apr '01

1923 M-N
1905 J-J

1329 103*6

111*2

109*4

111*2

10334

103%
99%

103
08

106%
111%

J'ne'02

108

115

106

106*4

108
108

111%

1919 M-S

Coalcfc

C

1911 F-A

C& I
C lstg 6s. .1919 A-O

cfc

99*2 Sale

Due May jrDueJ'ne A Due

J'ly

60
101

99
115
107

I

Anier Bicycle s f deben 5s 1919 M-S
Am Cot Oil ext 4*2S
1915 Q-F
«

14

103
100
110

Coal and Iron
I Co gen s 1 g 5s. .1943 F-A

Clear

102

109%U4l3

80

May'97
May'97

100%Feb'02
105

Oct '00

110*3 110
Sale 110

110*2
1H»*2

105

Feb'00

32
Sale

102

j Due Not

55

Jan

'00

60

101% J'ly'02
*

Option

113

101% ioT*

103*2 J'ly '02

WliLEcfc PCColstg5s.l919 J-J
Manufacturing cfc Industrial

&R
YC& H
I

Col C cfc 1 Dev Co gu g 53.1909 J-J
Col Fuel Co gen gold 6s...iyiy M-N
*

cfc

00 *a 100*2
95
92

112

lstg 5s. 1926 J-D 101
1926 J-D
Kan&HCcfc Clstsfg5s.l951 J-J 104
Pleas Val Coal 1st g s f 58.1928 J-J
110 113*2 Rocli&PitCcfc Ipurm 5s. 1946 M-N
105% 109% Tenn Coal T Div 1st g 6s.al917 A-O 110
Birm Div 1st consol 6S..1917 J-J 110
110%113*4
Cah C M Co 1st gu g 68.1922 J-D
De BarC cfc 1 Co gu g 6s. 1910 F-A
Jett

102

1

'01

111

2d gold 5s

West Union col tr cur 5s. 1938 J-J 110
Fd and real est g 4 *2S...1950 M-N *105

Mut Un

lLiialU'a

100 *2 Jan '02
94*4
94 •« 108

on Next Page

Convertible deb g 5s
De Bardel C & I See T

Gr Riv

109

116

<fc

1

108

Consol gold 5s

100*2 100*2

116*2116*2
133 135*a
32 1 36

112*2J'ne'01
108*a J'ly '02

110*4 Dec'01

97*al00% Col F

11 6*2 Mar'02

115
111

107*2 J'ly '00

97*2 Aug'02
100*2 Apr 'O'Z
100*2 Oct '00

105*4

94*2

Warrants con v 3*28 50% paid
111
Con currency 6s reg...(/1905 Q-M

Telegraph and Telephone

Am Telep & Tel coll tr 4s 1929

103

116

1912 J-J
/tl912
1st real est g 4s.

Consol sterling g 6s

95

104
104
101*2Nov'98

117

1942 M-N
1945 M-N
1949 F-A

4s guar

3d 7s

106%

122

3*2 guar g
C 1st 7s. ..1912 J-"J

MISCE LIGNEOUS BONUS—Continued
J.J
Conini Cable Co 1st g 4s. .2397 Q-J
Registered
2M1
Erie T & T col tr g h f 5s.. 1926
MetT<fe T 1st 8 t gos
1918 M-N

101

N&CBdgegengng4*2Sl945
PCC&StLgu4*asA...1940 A-O
Series B guar
1942 A-O
Series
Series
Series
Pitts Ft
2d 7s

'0',

106*4

72

1st s fund g4*as..l917

gug4*asser A. '42
1942
Series C3*2S
1948
SeriesD3*2S
1950
Erie<& Pitts gug3*2S B.1940
Series C
1940

Penn
95

103

74 *a 75*4

1946 J-D
Pac

&

iYd"

J-J

J-D
M-S
Sep

Mo

CI
Pgen
Ssries B

97%

04*2 226
207 220
135*2l35*a

Jan '00
106*4 Mar'02

107*2 J'ly

Registered
1921
coll trust reg.1937
Guar3*2SColltr ser B...1941
C St L <fe P 1st con g 5s. 1932 A-O
Registered
1932 A-O

109

A-0
J-D *104

12 I05I4IO8

Aug'02
132*4 Aug'02

Guar3*2S

93*2 98
96*4
93

93
93

122*2l27*a
113% 114*3

133

NYC
NW

I00*sl01%

M

.

104*2 Sale

g

101*4 101%
100*4 100*4

Apr '02

,

94*4 Sale

General gold 5s
1937
Ore cfc Cal See So Pac Co
Ore RR & Nav See Un Pao
Ore Short Line See Un Pac

See

Dec'01
22(
J'ly '02

114

107
102

SeeCCC&StL
Olud&W
lno River RR 1st 58.1936

Oswego & Rome See
C F & St P See C &
1>ac Coast Co 1st g 5s

100

226
220

135*2 Jan

.

g 6s. ...1923
Registered certihc's..l923
St Paul & Dul 1st 5s
1931
2d 5s
1917
1st consol gold 4s
19HH

109*2 Sep '97

F-A
J-J
J-J

*a

130

134% J'ly '02
134% 135%
102% Sale 102*2 103
26 101% 104*2

1996
1996

StP&NPgen

102% 104
102*8 103%

Apr '02

100*4 Jan '02
J-l)
M-N ibl*
100*2 J'ne'02
M-N
100*8 Nov'01
F-A
94*4
93% Sale 93%
93*4
F-A
93% Aug'02
93
F-A
Aug'02
9414
14
J

108

132*a

127

Gt Nor

Registered

101% 104%
101% 104%
106% 109*2

101»8 Aug'02
101% Aug'02
106 34 J'ly '02

128

121*4 121*a

Nov'01
107
Dec'01

105
102

133*2
129*2
131

Sink fund subsidy g 68. .1910
Penn Co gu 1st g4*2S
1921

M-S
M-S
M-S

J

See

StPauI-Dul Div g 4s

Panama

cfc

'2

106%

132 *a.

101%

WW

ac of Missouri

<fc

Registered

1905
1905

1st 7s

CB&Qcolltr4s

cfc

NOcfcN E prior lien «6sp 1915 A-O
N Y Bklncfc Man Bch See L 1
N Y Cent H K 1st 7s. ..1903 J.-

225

"Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pac
Nor Wis See St P M <fc O
Nor & Mont See N Y Cent

W

W

E

V&N

100*2101*2

M&M

Morgan's La & T See S P Co
Morris <fe Essex See Del L cfc
Al ash Chat & St L 1st 7s. 1913 J-J
i.' 1st consol gold 5s
1928 A-O
Jasper Branch 1st g 6s. .1923 J-J
MoM M cfc Al 1st 6s.. 1917 J-J
T cfc P Branch 1st 6s. ...1917 J-J

Sale

107

CC& Tlst gu g5s
1922
Scio
E 1st gug 4s 1989
North Illinois See Chi <fe N
North Ohio See L Erie &
Nor Pac— Prior lien g 4s. .1997
Registered
1097
General lien gold 3s
a2047
Registered
a2047

100

cfc

Mont Cent

110

106%

5s. .1937
5s. .1918

1st 6s

128*2

Mai See N l'C&H
Monongahela Riv See B cfc O

Mohawk

114

127*2127*2

113 34 Jan '02

.

104*4l07i4
114 116*2

114

Feb '02
146% Apr '01
127*2

......124*4 121*aMay'02
122 122*2 J'ly *o~

N Y & North See N Y C & H
N Y O & W ref 1st g 4B..firl992
Regis $5,000 only
#1992
N Y & Put See N Y C & H
N Y & R B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pac Co
111 113*2 Nor & South lstg5s
1941
110*2 114 34 Norf & West gen g 6s
1931
122 126
Improvem't & ext g 6s.. 1934
106 34 109*4
New River lstg 6s
1932
N & W Ry 1st con g 4s. 1996
106 109
Registered
1996
91*8 95%
Pocah C & C Joint 4s. 1 94

125 34

104*4 107%
107%109*3

Feb '02

114

107%

104*-2

104%May'02

121

YNH&

N Y&N

101*2
81 *a 87*4
103 108
85*2 88*4
102 106*4
90*2 92
104*2108*2
101*2 105*2

87*2 Aug'Of

91

MS

112 116
112*8ll5*a

02

115% May'00

g5s...el91f>

Housatomc R con g
Derby con g

106

-

104-*a J'ne'02

1951

Har 1st reg4s. 1903
Convert deb certs §1,000
Small certs $100

NH&
98

100*4
84 v,

Aug

<fe

Apr '01

99%

Low Hiyh,

<fe

N

Sale
Sale
Sale

113%

li::-,

11 8% Dec'01
129 34 128 J'ne'n2
127 J'ne'02
110 I.ec'O
106*2Nov'00

N Y Chic St L 1st g 4s. 1937
Registered
1937
N Y Greenw Lake See Erie
N Y & Har See N Y C & Hud
N Y Lack & W See D L & W
N Y L E W See Erie
NY&LongBr See Cent of N J
N Y & N E See N Y N H & H

Nov'01

103
98

<fc

J-D

J'ly '02

105*4 Aug'02

97

M St P S s M con g4 int gu '38 J-J
Minn Un See St P M &M
Mo Kan Tex 1st g 4s. ..1990 J-D 100
84%
2d gold 4s
01990 F-A
M

147*al47*2
118 121
126*sl29*4
121 121
120*4 124*2
103*2 106

A

123*a.

<fe

Plst5sstpd48intgu 1936 J-J
M&
M S S M A 1st g 4 int gu 1020 J-J

Istext gold 5s
1944
6t LDir 1st ret g 4s. ...200
Dal & Wa 1st gu g 5s. ..1940
Kan Ccfc Pac 1st g4s...l9
K&TofT 1st gug 58.1942
SherSh cfc So 1st gug 58.1943
Tebo cfc Neosho 1st 7s. ..1903
1942
Mo K & E 1st L'u e 5s
Missouri Pacitic 3d 7s
1906
1920
1st consol gold 6s
gold
Trust
5s stamped. ol917
Registered
:...aiyi7
1920
1st coll gold 5s
Cent Br Ky 1st gu g 4s. 191
Leroy&C V A List g5s 1920
Pac K of Mo 1st ex sr 48.1938
2d extended gold 5s... 1938
8t L 1 r M & Wgen con g 5sl931
Gen con stamp gtd g 5s 1931
Unified cfc ret cold 4s. .1929
1st g 58.1926
Verdi V 1 cfc
Mob cfc Binn prior lion g 5s 1945
Mortgage gold 4s
1945
Mob Jack cfc K C 1st g 5s. 1946
Mob cfc Ohio new gold 6s. .1927
1st extension gold 6s..A1921
General gold 4s
1938
Montgoni l)iv 1st g5s..iy47
St L & Cairo coll g 4s. .el 930
Guaranteed g4s
1931
& u coll 4s See Southern

.

Utica& BlkRivgug4s.l922

J-D
J-D
A-O
J-D
South West Ex lstg 78.1910

&

R 2d gu

1

.

RW&OTRlstgug5s.l918

W

1st consol gold 5s
1934
1st and refund gold 4s. .1940
Minn St L gu See B C R

.

& Stur 1st gu g 3s. 1989

Oswe<fe

NW

M

.

N V & Harlem g 3*2S...2O00
2000
Registered
N Y & North 1st g 5s. ..1927
R W&Ocon Istext5s./il922

98%

96

May'00

105

Ill
122*a.
121
139
130

1940
1940

JL& Slstg 3*2S
Bat C

A

M-S
J D

85

11/

107'.
107*4
110*2 Mar'ot

1931
1931

Registered
4s
Registered

36*2
20*a 25*2

A-O
A-O
F

104*4
104*4.

1st cousol6s.l909

5s

II

Dec'01

II334
'.

2d guar6s

Mich Cent

IA>W

ftanr/e
Sin ce

January 1

105*2 Nov'01

113*2.

Pitts

iiliai'14%

si,

108

MCK & Y 1st gu 6s. 19:
1934
McKees& B V lstg Os 1918

104*4107*2

A

Bid

West Shore 1st 4s gn... 2361
2361
Registered
Lake Shore consol 2d 78.1903
1901-S
Registered
1907
Gold3*2S
1997
Registered
DetMon&Tol 1st 7s. 1000
Ka A cfc G R 1st gu 58.1938
Mahon C'l RR 1st 5s. .1934

J-D
J-J

Sept 5
i

llov
U4 34ll478

Dec'01

f'riilaii

N Y Centcfe H R ( Continued
N J June R gu 1st 48. ..1986
1986
Registered
N Y<fc Pu 1st con gug 4s 19!
Nor& Mont 1st gn g 5s. 191 6

110*4

Week's
J.'/t iii/e or
Last Sale

Price

STOCK EXCHANGE
WEEK ENDING SEPT 5

1

115
110%
125*2127*!;

1

487

3

N. Y.

Ao Low Mi all

75 J'ne'o2
113 Nov'99
00 J'ly '02
110H*Mar'02
114 34 Feb '02

.

*a

114

Hiqli

16%Mar'02

125>aAiig'ii'j

110% ™.
F-A 112^

<fc

K

1

January

1

BONDS

Ranye
Since

Last Sale

Ask Low

•

Div 1st gold 6s

9_j

Price

Friday
Sept 5

Bid
Louisv <t Nashv—(Vontirmeit
PeusacoiaDiv gold 6s. ..1920 M-S
2(1

1

Bond Record— Continued— Page

6, 1902.]

N. Y. STOCK EXCHANGE
XVekk Kniuni; SEPT 5

Bt

—

.

102
....

sale.

60
7*
99*al0a.

1

BONDS

BK-

Friday

Range or

Sept 5

Last Sale

Ask Low

Bid

< continued.)
Consol gold 4s

1943
AJleg Val gen gu g 4a. ..1942
C1& Mar 1st gu g 4 4s.. 1935
tigelstgu4sg.'30
Gr R & 1 ex 1st gu g 4 Has 1941
Sun & Lewis 1st g 4s. ..1930
J BR <fcCau gen 48.1944
Pensacola & Atl See L & Nash
Peo & East ate
1921
Peo <$> Pek Uu 1st g 6s
61921
2d gold 44s
Pere Marq— V & P M g 6s. 1920
1939
1st cousol gold 5s
Pt Huron Inv Istg5s.l939
SagTus<te H 1st gug 48.1931
Pine Creek reg guar 6s. ..1932
Pitts CUi & St L See Jf euu Co
Pitts Clev <fe Tol 1st g 6s.. 1922 A-O
Pitts Ft VV & Ch See Penn Co
1922
Pitts June 1st gold 6s
Pitts <fc L Erie 2d g 5a...al928

DBBR&

109
103

January

High Ao Low High Southern Pac Co (Continued)

H E & WT 1st gu 5s red. 1933 M-N
H

111

1104

1 1 1

4 Mar'02

117

May'00

W

11141114

N VT&Mex

1 30

4 Feb '02

130

1304

125

101
125
112

J'ne'02

124
112

125
115

114

114=6

4 Aug'02
5

8

&

M&

Nov'97

122
114

120

Oct

119

121

May*02

100

98 J'ly'97
l024J'ne'02
101 Apr'02

101

K
100 3

4

&

119

994 Sale

1997
1997

Registered
Jersey Cent coll g 4s. ..1951
Rensselaer <fc Sar See D & H
Rich <fe JJan see South Ry
Rich & Meek see Southern
1939
Rio Gr West 1st g 4s
Consol and col trust 4s .1949
Utah Ceut 1st gu g 4s.al917
Rio Gr June 1st gu g5s.,.193'J
1940
RiogrSo 1st gold 4s
Guaranteed
1940

1134117

Aug'i»2

107 Hj Oct '98

122

&

974101

964

95 4 98

1004 Aug*02

100 1024
92 34 95 34
97
97

804

84
92 34 Sale

1124 1154
804 82 4
91
944

May'02

114

102 4
101
111

100
101
111

934 95 4 934Aug'02
97 Jan '02
954 93
Ill's

121

121

Apr '01

92
96

1004101

'01

111 J'ne'02
98*4
99 4

96

See B R & P
Rome Wat & Og See N Y Cent
1941
Rutland 1st con g 4 48
Rut-Canad 1 st gu g 4 4s. 1949
Tus <fc H See Pere Marq
Sag
alt Lake C 1st g s 1 6s. .1913
St Jo& Gr Isl 1st g3-4s.. 1947

J'ly'02

92 a4 Aug'02

Pitts

1014Nov'01
98

St Law & Adiroii lstg 5s. 1996
1990
2d gold 6s
St L & Cairo see Mob & Ulno
St L & Iron Mount See M P
St L K C & N See Wabash

131

114 38

1014
1

P M <fcO

NP

<fc

W

95
125 34

102
90

914 Sale

W

SFe Prea& Ph Iatg5a...l942
S A & A P See So Pac Co

994

95

130 4 J'ly '02
114 Aug'02
101
101
100 Jan '02

984
125 4 1254
924 152 904 94 34
110

9641004

994
99
89 4
88 34
Sl«8 J'ne'02
88 34 Aug'02

99 Hi Sale
884 89

11 5

136V

1

1144.

11

34

13341414
140

139
112

Aug'02

1154

1164Apr'01
115 4 Aug'02
106 Aug'02

11658.

107V

115

b1184
1054109

May'01
Aug'02

106
107

14

:i

106 3al074

MS

111

114V
93

110
87
95

'a

904.

W

88»4 Sale

Sher Shr & So Seen K & T
Sil Sp Oca & G See Sav F &
Sod Bay & So Is. g 5s
1924 J.J
So Car & Ga See Southern
SoPaoCo— Coll trg4 4s..!905
Gold4sfCeut Pac coll ).kl 949

1244125
124«sl25 4

Aug'01

Begistered

N

W 1st gug os

Cent Pac

lat ref

Arl949

894

J'ly'02

104

89
104 4 Aug'02

1124

104 34 Feb '98

97

964 Mar'02

59

84
102 "a

110
95

90
105 4

964 96 V,

111

89

Begistered

£1929
3al Har& S A lstg 6a.. 1910
2d gold 7a
1905
Mex & Pac lstg 5s.... 1931
Gila VG&Nlatgu g 5s. 1924

&

MS

MS

W

I

'ebo

'

N

<fe

See

Sale

108

1 3
ins

1

104

1094
109
103

W T 1st g 58.1933

112

99 1014
92
96
94 B8 95

J'ne'Ol

100 34
99 78 J'ne'oo
3
88 4
894

Week's

Range or

Sept 5

^

Last Sale

=q;c

Ask Low

Bid
103
110
111
96

1939 A-O
1894 1944
Bge Tor gu g 5s. 1930 A-O
St L
Tex & N O See So Pac Co
Tex & Pac E Div 1st g 6s ..1905 M-S
4 4s-.

FA

1st con gold 5s

M

111 Aug'02
113 4 J'ne'02

W
W

RR&

& Nav con g 48.1946
OreSltort Line 1st g 6s.. 1922
194!
1st consol g 5s
Sub-ctfs for 4s & partic.'27

J-J
J-J

A-O
J-D
J-D
J-J
J-J

M-N
M-N
J-D
F-A
J-J

F-A

1908 J-J
Utah & Nor 1st 7s
Gold 5s
1920 J-J
Uni N J RH & C Co See Pa Kit
Utah Central See Rio Gr Wes
Utah & North see Un Pacific
Utica <fe Black K See N Y Cent
See

96

Sale

16

27

1004104
87

106
117 4.

Mar'02

1104 Apr '02
May'02
Aug'02

89 34 Sale

113 Jan '01
105 4Nov'01
89
89 4

OS 3* 97
125 4 1274
:'

1334137
123

123 4

Apr'02
24 Aug'02

874 92
1124113
11241144
10541084

1104Jau'02

11041104

119 4 J'ne'02
107 Nov'00
1 10
Aug'02

1194H94
10841H

115

1164 Apr'02

115

1164

108

108

...

108 May'02
114 4 Feb '02

110

U2 3

53

-i

Ill's
105 34

11

loo 4 J'ne'02
108 Deo '01

106
107
117
117

1094
112
109

1034...

12041214

l084J'ly'Ol

100

97

1194124
122
97

Aug'02
Mar'02

115

100 4 Sale
118
95

1144H44

121
122
122 4 Jan '02

1004
120
96

1174
122 4 Sale

9941014
94

119
120
116 34 Aug't
122 4 122
\-^H

.

126

1194.

1341174

117

...

125
125
119

J'ne'
1

4 J'ne'

121

1114....
90 ....
Ill 112
118 ....
Ill 1134
1134....

J'ly'

1014 J'ly'
1114 May'
90

May',,

10°8

4

Aug'O
Feb'O
"'
Oct
Sep

116

J'ly'„

1

123
102

984

119 120
110 34l204
120 1224

1174J'iie'

125 34
124 34.

122
100

1124115

1004
Mar'01
Aug'02

984
119

129
127 34,

1224

11141134
90
109
123

90
112
123

115

116

98

98

'

1 1

1104Dec'0
92 34

93

1184 Sale

Apr'O'.
1184 118H,

122

117

113

1044

9841044

114 4 Mar'02
118 Aug'02
115 4 May'02

1144H44

101

1134
1134116
1074109
95
92

100
ill
112

1104118
112 34ll5 4

Feb'01
120
Aug'02

104
120

99 34

1184121

J'lv'00

1044

119
96

11241144

4 J'ly '02

904

99

122

1024

J'ne'Ol

ll2«aNov'01
109 May'02
J'ly

1104
944 934

107

'('2

92 Aug'02
934
91
90 4
904 91
904 1 884 92 4
3
83«8 84
83 4
84 117 81 4 87
9s 4 Aug'02
99 4
974
97
1124
112 4 Aug'02
1104113
1044 Sale 1044 105
81 104 4 1004
1044J'ly'02
10441004
1124 Sale 112 4 11 34 3831 1054 1134
106 Apr'02
106 106
103

1254
1

Sale
Sale
95'> sale
8
l

1

.

4

115

103
1034 111 L02 1 044
125 4 126
6 1254129 4
1164 1174 8 116 1194
944
96 693 944 96
117 4 J'ne'Ol
1144Apr'02
11441144

19.;:'

M-N

1939 FA
1939 J.J
1939 J-J
1st lien equip 8 Id a 5s.. 1921 M-S
Dot&Ch KM ]st» 5s. .1941 J-J
Des Mom Div 1st g 4s. .1939 J-J
1941 A-O
Om Div 1st g 34s
Tol& Ch Div 1st g 4a... 1941
St Chas Bridge lstg6a.l90S A-O
Warren See Del Lac <fc West
Wash Cent See Nor Pao
See Southern
Wash O &
WeatN Y<fe Pa 1st g 5s. .1937 J-J
Gen gold 3 Is
1943 A-0

A

MS

119
109
103

80
104

1204 1194
109 4 109

100
Sal,.

105

1094
93

884
1104

119

1

Income 5s
rfl943 Nov
West No Car St e South By
West Shore See S Y Cenl
P lstg 6s. .1911 J-J
W VaCent&
Wheel'g«fe L K 1st K58...1926 A-O

120

884

103

864 89

Mar'02

93

1114

19-4 Aug'02

1119

1214

9841014

Mar'01

40

Ill
114

1144Jan'02

Wheel Div
.1928 J-J 113
Exten & Imp gold 5S...1930 FA Ill

1124Jau'02

11241144

Apr'02

113

113

1164

11241124

Dec'01

113

944 Sale

944

944

93

92 4

93

Sale

98

1104

98
109

1014 Aug'02

35

1st gold 5s.

100
1

88 4 Sale
97
110

1014102

9 1184121
1204
1094 25 109 1144
J'ly'02

77 4
80 3571 664 80
05 107
107 Aug'02
109 4 Aug'02
109 1114
97
95
97 Muy'0'2

W

108
103

1124

110

11041144
19

Mo P

1st consol 4s
1949 U
109 34ll3
Wilkes <fc East See Erie
108 103
Si
I'M
i \l
109 41104 Wil & Sioux F See
Winona & St P See C & N
108 112
Wis cent 50-yr 1st aren 4s. 1949 J-J
103 106

J'ne'02

1

Low Migh^

.

South Ry

.See

Debenture series
SeriesB

894

97

127 4 Feb '02
134 4 J'ly'02
123 4 Feb '02

1214.

1st gold 5s

1st gold 4s.... 191
Tol P<fc
pr lien g 3 4s. 1925
Tol St Life
1950
60-year gold 4s
Buft
1st g 4s. /i 1940
Ham
&
Tor
Ulster* Del 1st con g 5a 1928
1 gr g 4s.. 1947
n Pac
Registered
1947
1911
1st lieu convert 4s
Registered
1911

Migli .Vo

Since

January

104

M K&T

erAof St L lstg

1

Ra nge

Price

W

Dec'01

1004 Sale 1004

1949

Mort guar gold 3 4s..fcl929

Hous E

104=4 100

104

100 1014 1004 1004
95
94 34 Sale
94^
96 Apr'02

1941

gu g 4a 1949

Begiatered

SA&A

\\' abash 1st gold 5s
>>
2d gold 5s

110

W

A<fc

1938 A-O
Guaranteed gol<15s
Ore & Cal 1st guar g 5s. 1927 J-J
Pass 1st gug 4s. 1943 J-J
So P ol Ar gu 1st g 6s. . .cl 909 J-J
cl910 J-J
1st guar g Gs
1905 A-O
S Pof Cal lstg 6s
1905 A-O
1st g 6s series B
lstg 6s series C & D...1906 A-O
lstg6s series E<fc F...1912 A-0
1912 A-O
1st gold 6s
1937 M-N
1st con guar g 5s
1905-.. 1937 M-N
Stamped
S Pac of N Mex lstg 68. .1911 J-J
1937 J-J
S P Coast 1st gug 4s
1905 FA
Tex & N O 1st 7s
1912
Sabine Div lstg 6s
1943 J-J
Con gold 5s
5s
1994 J-J
1st
con
Southern—
g
1994 J-J
Begistered
Mob & Ohio coll tr g 4s. .1938 M-S
Mem Div 1st g 44-5s... 1990 J-J
1951 J-J
St Louis div 1st g 4s
1918 J-J
AlaCen B 1st g 6s
1948 J-J
Atl& Danvlstg4s
Atl & Yad 1 st g guar 4s. 1949 A-0
1916 J-J
Col& GreenvlstOs
ETVa&Ga Div g 5s. .1930 J-J
1956 M-N
Con 1st gold 5s
1938
E Ten reor lien g 5s
1922 J-J
Ga Pac Ry 1st g Os
Knox <& Ohio 1st g 6s. ..1925r J-J
191. J-J
Bich& Dan con g 6s
Equip sink fund g 5s. .1909 M-S
1927 A-0
Deb 5s stamped
Rich & Meek 1st g 4s.. .1948 M-N
So Car & Ga 1st g 5S....1919 M-N
Virginia Mid ser C6S...1910 M-f1921 M-S
Series I) 4-5s
1926 M-S
Series E 5s
1936 M-N
General 5s
1936 M-N
Guar stamped
1st cy gu 4s. .1924 FA
O «fc
West N C 1st con g 6a. .1914 J-J

»

May'02
Aug'01

88

J-J

gulatg4s.l912 A-0

Val Ind & W
y er
lrginiaMid

954NOV01

1124.

W

1404 1414

113 34 Dec '01
128 Dec '01
123 Dec '99

129 4.

1934
lstgold 5a
St Jolm'sDiv lstg 4a. ..1934
Ala Mid 1st gu gold 5a.. 1928
Istgug4a..l938
Bruns<fc
Sil Sy Uca & G gu g 4a. .1918
Scioto Val & N E See Nor <fc
Seaboard Air Line g 4s. ..1950
Colltriefundg5a
1911
Seab& Boa 1st 5s
1926
Car Ceut 1st con g 4a. ..1949

'4

Apr'02
Apr'02
Apr'97

115
124 4 J'ne'02
126 4 Feb '02

123

lat aiuk r g 5s.l919
lat gold 6a.. ..1934

1

A-0

Cal 1st gu g 6S....1907 J-J

Ore Kv
128

A-0
M-N

2000 J-D
90 4
?2000 Mar
77
2d gold inc 5s
3
1931 J-J
81
lstg
804
La Div B L
6a
4
90
1935 J-J
88
Tol& O Cist g 5s
Western Div 1st g 5s... 1935 A-O
1935 J-D
General gold 5s
1144117
Kan & M 1st mi g Is. ...1990 A-O

4 J'ne'02
33 78 Aug'02
140 May'02

1154.

100

100

90 Aug'02
125 4 J'ne'02

914

AO

107 1114 S&NAIa SeeLi&n
107 II04 Spok Falls & Nor lstg 6a. 1939 J.j
1304134
Stat Isl Ry 1st gu g 4 4s.. 1943 J-D
114 118
Sunb & Lew See Penn RR
06 101
Syra Bing & N Y See DLi W

1084 Aug'02
1084 Aug'02

1900
2d gold 6s Class C
1931
General gold 6s
1931
General gold 5s
St L <fc S F RR cons g 48. .'90
Southw Div lstg 5s. .1947
Refunding g 4s
1951
K C Ft S & M con g 6a. .192s
S
M
By
rer
1930
Ft
&
4s
KC
g
Registered
1930
St Louis So See Illinois Cent
1st g 4s bd otfs.1989
St L S
2d g 4s inc bond ctis...pl9s
Trust Co ctis
1932
Consul gold 4s
G ray's PtTer 1st gug 5s 1947
Uul
Pacific
Paul
&
See
Nor
8t
StPaul M & Man 2d 6s... 1901
1933
1st cousol gold 6s
Registered
1933
Reduced to gold 4 4s.. 1933
Begistered
1933
Dakota ext gold 6s
1910
1937
Mout ext 1st gold 4s
Begistered
1937
EMinn lstdiv lstg 5s. .1908
Begiatered
1908
Nor Div lstgold 4s
1948
Minn Uniou 1st g 6s
1922
MontC 1st gug 6a
1937
Begistered
1937
1937
1st guar gold 5a
WU1& S F 1st gold 5a.. 1938
St P & Nor Pac See Nor Pac
St P & S'x City See C St

"97" Aug'02

No of

W

StLMBr SfeTKKAot'StL
St L & S Fran 2d g 6s CI B 1900

S F&
Sav F

U4

Oct '00

137

Pitts McKeea <fc Y See N Y Ceu
L E 1st g 5s. ..1940
Pitts Sh
1943
1st cousol gold 5s
1917
West 1st g 4s
Pitts
Co
certla
P
J
Ash 1st con 5s. 192
Pitts Y

Keading Co gen g 4s

125

1124114

TClst g5sintgu..l937 J-J

Consol g 6s int guar... 191
Gen gold 4s int guar.. 1921
Waco & N div 1st g 6s '30
Morgan's La & T 1st 7s. 1918
1920
1st gold 6s

UCC&StL

....

<fe

lxxv.

Friday

N. Y.
1

\

[Vol.

STOCK EXCHANGE
Week Ending Sept 5

Since

S-°

102 Nov'97
112 34Mar'00

UN

&

3

Busua

Range

Week's

Price

STOCK EXCHANGE
si
WKKK endino Sept 5

N. Y.

Rocli

2

Bond ReCOTd— Concluded— Page 4

488

Penn

—

2

.

10

91

974

ij

88

95

iHl.SCEM'AMUOUS BON US—Concluded.
Manufacturing iV Induwli
Am Hido.t L lstaf g 6a. .1919 M-S
Am Spirits Mfg 1st g6a.. 1915 M-S
i.-i

Am Thread lbt col tr 4a. ..1919

83

90
83

<fe

Begistered 4s
1951
Aiuer coll tr g 5s. 1 9 1
GramercySug lstgold 6s. 1923
IB Steel Co deb 5s
1910
Non-con v deben 6s
1913
Int Paper Co 1st con g 6s. 1918
Knickerbocker Ice (Chicago)
lstgold 5s
1928
Nat Starch Mfg Co lstg 6s 1920
Nat Starch Co s f deb 5s.. 1925
Stan Bope & T 1st g 6s. ..1946
Income gold 6s
1940
V S Leath Co sftleb g6s..l913
Distill of

'

984 Snip

J-J

S Car Co 1st g 6s. ..1942 J-J
Consol Tobacco 50-yr g 48.1951 F-A

Bar

Mittcellnneoua

I

No price

Friday;

la

teat bid

F-A
J-J

A-O

674 Sale
"95 4

99
974
20
914 Aug'02

Adams Ex col tr g4s
1948 M-S 1034.
944100
80
914 AniDk& imp 5s See Cent XJ

82

82

J'ne'02

105 Jan '00
OV'j 2342
67
65 4 Mar'02
95 4 Aug'02

83

B'kl'u

64 =4 694
654 654

86

96

loo
107

100
112

994 Apr '01

J-J ibo"
99 Jan '99
100 May'02
A-O 100
F-A 1074 Sale 1074 107 4

Am SSCOof W Va g 5s.

920 M-N
b'erryCo lslcousgOs'-lS F-A

,

J-J

F-A

.

69
16

68
14

M-N 114

and asked,

98
104
86
Sale

a

93
104
94
68

144
114

Aug'00
Aug'02

Apr '1)2

084

M&

14 34
114

Dne Jan 6DueFeb

1104

89
55

95
74

« 34 19
112 1164

J-J

A-O

I.

1

Due Mar d Due Apr

:

1

g

Due J'ne

h.

'"78"

MS

954.
.

102

....

'0',

1

169

30

81

50

50

Feb '02

38

95 4

""964

904 ibo"

Feb'9

101
1

1014
794 86 4

10034

J'ne'02

81

78

Sale

102

1

80 4
804
HI Mai '01

M-N
M-N
M-N

Joseph Stk Yds 91 48.1930 J-J
st LTerCupplesStat'nA Prop
Co 1st g 4 4s 6-20 year.. 1917 J-D
S Yuba Wat Co con g 68. .1923 J-J
Sp Val Wat Works si Os 1900
US Bed* Bef Isl Big Bs.1981
1

804 Sale

103^1074

1064 Aug'02
1

1

1gi n
Man lich H
19 10
Newp Ne ship a 1) D5sdl990 J-J
Is..
1951
Dock
50-vr
1st
a
F-A
Y
N
.V:

104

.

Chic Jc<& st Yard col r 5a. L915
M Idgr incomes.. 1911
Det
Hoboken L <fc I gold 5s. ..1910
Miul Sq Garden Isl g .Vs. .1919

St

A-0
M-N

.

.

134-i'i.v'Oo

Aug'02

85

Due J'ly k Due Ang p Due Not

a

844 894

Du« Deo fOptloneal*

J

.

September

Volume

6,

'

.

Business at Stock Exchanges

ot

TXA.NSACTIO.NS AT
DAILY.

THE SEW YORK STOCK EXCHANGE
WEEKLY AND YEARLY

Slocks

Week ending
Sept 5

Railroad 6c

Slate

Bonds

Bonds

Par value

Shares

O S
Bonds

HOL1 DAY
$4,589,000
4,237,200
4,810,100
3,262,500

1,186.875 *1 12,570,500
1,472,787 126,188,700
1,106,378 101,234,150
64,280,950
877,731

Tuesday

Wednesday

4.643.271 $424,274,300

Total

Exchange

$500

18.000
6,000

to

1902

60,000

$60,500

§

Sept 5

StPaulGas Gen 5s'44M-S
Syracuse Gas 5s 1946.J-J

i

1901

United <+as<fcElec,N J 100
100
Preferred

— N o. shares

Par value

BONDS
Government bonds
State bonds
BR. and mis. bonds

Total bonds

$60,500
39,000
16,898.800

$1,000
9,500
6,045,500

$713,400
1,638,200
62^,151,300

727.6ii3.O00

$16,908,300

$6,056,000

$623,502,900

$731,303,870

$1,404,470
2,236,400

DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA

EXCHANGES
Week ending
Sept 5

iyu2

Philadelphia

Boston

Bond

Unlisted
shares

Listed
shares

EX CHANGE
LABOR

Saturday

Monday

..

Tuesday

Wednesday .
Thursday
Friday
Total.

Listed
shares

sales

S

Unlisted
shares

Bond
sales

CLOS ED

DAY....

13,626
13 681
14.970
7.940

8,722
14,315
10,856
11,132

$34,990
73.000
89.5JO
49,000

80,667
100,847
64,879
68,026

6,323
3,741
18,358
6.105

$248,500
60.700
179,000
346,940

50,217

45,055

$246,490

314,419

34,527

$835,140

Outside Securities
A

Weekly Review

of

Outside Market will be found on a preceding page.

Street Railways
Bid
Ask
NEW YOKK CiTV
35
Bleeck St & Ful F stk 100
J-J
1st inert 4s 1950
101 102
B'way <fc 7th Ave stk. loo 2 4 8 251
1st inert 5s 1004. ..J-lJ 101
10142
J-J
2d mort 5s 1914
1074i 109
Con 5s 1943 See Stock Excli list
B'way Suit lst5sgu 1924 8U24i L15
2d 5s ml as rental 1900 2101
102
Cent'l Crosstowustk.loo 205
275
1st Al 6s 1922
M-N 8122 125
Cen Pk N & E Ki v stk loo 209 220
Consol 7s 1902
J-D 100 4i 101
Chnsl'r& 10th st stk loo 185 190
Col& 9th Ave 5s See Stock Exch list
Dry D E B & Bat stk 100 120 130
1st gold 5s 1932. ..J-D 114
11642
Scrip 5s 1914
F-A 103 10442
Eighth Avenue stock 100 400 115
Scrip 6s 1014
F-A 105 109
42d& Gr St Ferry stk loo 410 412
42dStM<fc StN Ave 100
70
75
lstmort 6s 1910. ..M-S Ill's 113
2d income 6s 1915. .J-J
99 101
LexAv cfc Pav F5s See St k Exc list
Metropol Securities See Stk E x list
Metropol street Ry see Stk E x list
Ninth Avenue stock. loo 190 205
Second Avenue stocklOO 218 220
lstmort 5s 1009. .MA §105 4; 106 U
Consul 5s 1948
F-A §11742 119
Sixth Avenue stock. .100 175
183
Sou Boulev 5s 1945.. J -J nil 114
So Fer 1st 5s 1919. ..A-O no8 110
Tnird Avenue See Stock Exch list
Tarry
P & M 5s 192& 108 110
YkersStRR5sl940A-O 111 114
28th <& 29th Sts 1st 5s '90 nis
114 ^
Twenty-Third st stk. 100 408 415
Deb 5s 1906
J-J
102 106
Union Ry 1st 5s 1942 F-A 118 119
Weslehest 1st 5s '43 J-J 113^ 11442

Street Railways
Grand Rapids Ry
100
Preferred
100

Ask

Bid
46
95

50
98

Indianapolis St Ry S-te Phila
J C Hob<fc Paterson.,100
23
4sgNovl 1949. ..M-N § 793,
Lake St (Chic) El stk. 100
104i
1st 5s 1928
J-J 2102

list

LomsvSt Ry5sl930J&J 4117
Lynu& Bos 1st 5s '24. J-D §
MinneapSt Ry 5s See Stk Exch

1174<

New Orl Rys Co (w

i)

100

17

6

Preferred (wh iss).100
56
50-yr 44iS (wh issued).
S7 J4
North Chic Str stock. 100 160
1st 5s 1909
J-J
North Jersey St stocklOO
34
4s 1948
M-N 81
Pat Rycon 6s 1931.. J-D 5128
2d 6s 1914
A-O noo
Rochester Ry
100
67
Preferred
100
99 42
Con 5s 1930
A-O uii^
2d 5s 1933
J-D nos
So Side El (Chic) stk. 100 109 hi
Syracuse Rap Tr 5s 1946 102
Toledo Rys <fe Light.. 100
39 hi

Unit Rys (StLTraus) 100
Preferred
loo
Gen 4s 1934
J-J
Unit Rys San Fran subs.

<>a» Securities
Bid
ndiana Nat & III Gas—
-M-N
1st 6s 1908
48
Indianapolis Gas stock 50
70
M-N lo2
1st 6s 1920
50
Jackson Gas Co
79
A-O noi
5s g 1937
100
City
Gas
12
Kansas
A-O 100
5s 1922
...100
85
Laclede Gas
100 100
Preferred
Lafay'eGaslst 6s'24.M-N
68
54
Log<SfcWabVlst6s'25.J-D
Madison Gas 6s 1926.A-0 ilOlhi
Newark Gas 6s 1944. Q-J §140 w»
Newark Consol Gas.. 100 69 »s
5s 1948 Seeiilotik Exch list
New Eng Gas <fc C See B oston
19
0<fc IndConNat& 111 100
J-D
61
1st 6s 1926
50 1109
Providence Gas

30 34
84 34
87

23 34
80 »a
11

ii's't"

18 4j
57

Telegr

§

94
92
99 hi
37 hi

88 3j

NYGELH&P

BB& W

52
78
104
85
104
20
101
89
109 4,
60
58
109 4i

89

& Telephone

Companies

Chicago Edison Co... 100 173
Edisou El IU Brk 4s N V Stock
Hartlord (Ct) Elec LtlOO 200
KingsCo ElecL&PColOO 204
Narragau (Prov) El Co 50 tlOO
N Y<fe 14 El L&PowColOO 42
80
Preferred
100
Rholsl ElecProtecOolOO 125
15 >s
United Electric otN J loo
70 '4
48 1929
J-D

Kerry Companies

175
Excl

Railroad
180
95
Chic Ind & Lou gu 4s ( w i)
Cine Peo & St L pref. 100
13
34 \
Prior lieu g 4 "ss^OM&s 5106
S.i
Con uitg g 5s 1930.J&J i 99
132
33
Income 5s 1930
Ch R I & P colltr 4s (w i) «7 34
70
Ruck Island (when is.)
51
loo's
New pref (wh issued) 80 '4
112 >s Denver <fc South'n ...loo
28
108
Northern Securities.. 100 115 s8
112
Ore Short L 4s w 1 SeeStk Exch
106
Pitts Bess tt L E
50 t 36
Preferred

50

87

79 '4
29
25

40
5

15
t

t

lot

Havana Commercial. loo
loo

Preferred

116'.

37

75

31>s

103
133
list

59
14"B

64
120
96
1'4

7

10
742

40
100

63
109
6
is
190
49

310
149
46
102
5 42
2342

78 H
22
128
115

114
113
Exch
23
65
2<%

13
470
102 4»
106
101
65
*7*
65

33
80
32
28
45
6
15 »4
14j

11

50
66'n

103

29 'a
160
7
11
110 120
184 20
60
62

Havana Tobacoo Co(wij

47
65

Preferred (w 1)....
Hecker-Jones-Jew'l Mill
1st 6s 1922
M-t^

47 'a
75

99

102

Herring-Hall-Marvinloo

2

3

1st preferred. ...... .100
2d preferred. ...... .100

35

40

5

10

Hoboken Land & Imp lot
5s 1910
M.-^
Houston Oil
100

105
106

20
75
202

19

Preferred

70
200

loo
Interuat'lBankingColOO
International Salt. ... 100

942
444,

Istg6sl951

104»

102

46 hi
103

150
150

160

Lanston Monotype
20 t 12
Lawyers Mort lnsur.100 265
Lawyers' Title Ins. ..loo 420

13
265
430

Intem't'l Silv 6s '48.J-D
Iron Steamboat
25
John B Stetson com.. 100
Preferred
loo

1

t

125

loo

19

14

65
5
I *

74,
t

t

12-\
414,

20

100
loo
loo
Nat Euain'g& Stamp 100
Preferred
100
National Surety
loo

924l

33
loo

364
90
140

NewBrunsCaniielCoal 10 tt --.

New Central Coat
20
New Eng Consol Ice. 100
N Y Biscuit 6s 1911.M-S
N Y Mtge Security. 100

New

33
304,

N

t

5s

33 'g
102
37
93
5 's

38

114
110
24
63
180

<fc

York Dock
100
Preferred
loo
Y Realty Corp
100
N Y Transportation... 20
Nicholson File Co
100
Nor
Luui'r <fe Pulplot
North Platte Copper. 100
Ontario Silver
100
Otis Elevator com
100
Preferred
100
Pittsburg Brewing
50
Preferred
50
Pittsburg Coal
100
Preferred
100
Pitts Plate Glass
100
Pratt & Whitu pref.. 100
Procter & Gamble
100
Preferred
loo
Rap T Sub Oper 40 pd lot
Royal BakPowd pref. 100
Russell & Erwin
25
Safety Car Heat & Lt 100
Simmons Hardw com 100
Preferred
100
2d preferred
loo
Singer Mfg Co
100
Standard Milling Co. 100
Preferred
100

7 34
84»
124i
i"02"4i

Preferred
National Carbon
Preferred

Am

list

W
10

49
63
101
125
125
t 29
Guggenheim Explorati'n 150

Lorillard (P) pref

.j

•

314

Madison Sq Garden.. 100
2d 6s 1919
MN
43
Manhattan Transit
20
814: Mex Nat Construe. pflOO
Mouongahela R Coal.. 50
16
Preferred
5o
704> Mosler Safe Co
100
National Bread
lot

96
14
108
101
35
87 '8
51
80 34
44

18
106
70

Distil'gCoofAmnew(w i.
New 5s (when issued).
Dominion Securities. loo

208

Brooklyn Ferry stocklOO
16
18
Ki'di B 1st 68 19U.J-J 113 115
Con 5s 1948 See Stock Exch list
Metropolitan Ferry 5s.
108 110
N Y & E R Ferry stk. 100 82
M-N
1st 5s 1922
95
§ 94
N Y <& Hoboken stk. 100 72
Hob Fy 1st 5s 1946 M-N §112«a 114
Con 5s 1946
J-D i 86
87
N Y <fe N J 1st 5s 1946. J-J 102 105
65
10th & 23d Sts Ferry 100
1st mort 5s 1919. ..J-D §105
108
Union Ferry stock.. .100
4 1
45
1st 5s 1920
M-N § 97 hi 98

1
ID

:oi
00
22",

Hall Signal Co

Teleph of Buffalo 100 107 111
104
Central <fc So Amer...lOO 101
45
464
Ches<fe Poto Teleph. .100
J-J 105
107
6s 1909 29
loo 175 184
Commercial Cable
Oomuier Un Tel (N Y).25 115
Emp & Bay State Tel 100 73 84
47
Franklin
100
55
100 120 123
Gold it Stock
4 42S, 1905
Hudson River Teleph 100 108 11042
New Eng Telephone See Bosto n list
Northwestern Teleg...50 122 126
N Y <fe N J Telephone 100 177 181
M-N 112 U5 4f
5s 1920
26
80
Pacific & Atlantic
85
Pro vidence Telephone. 50 tl09
Southern <& Atlantic. .25
95 100
Tel Tel & Cable of Am. 15 t....
7

20

loo
.100

Electric Boat
loo
Preferred
Ion
70 4, Electric Velucle
lot
Preferred
10t
ist
Electro-Pneum'icTrault
22
Empire Steel
loo
Preferred
54
lot,
General Chemical. ...loo
Preferred
96
loo
9342 Gorham Mfg Co com. loo
101
Preferred
loo
37»8 Greene Consol Copper.lt

88*4

41

10
55
6

Cons Ry Ltg&Refng. lot
Consol Rubber Tire.. loo
Debenture 4s
Continental Tobac deb 7;
Cramps' Sh&Eu Bldglot
Crucible steel
Preferred

Ask

Bid.

14142

Bell

Electric

Industrial and Miscei
Consol Firew'ks com.lOo
Preferred
lot,

HackensackMeadowslOt,

Industrial and iHiscel
85
87 '4 Acker Mer & Condi t... 6s 100
§
48
1,47*8
'a
Alliance Realty
loo 132
Common (when Issued] 23
2 3 '4 Am Agric Cliein See is oston
Pref erred(when issued;
61 14 61 4j Amer Bank Note Co... 50 t 57
4s 1027
90
91
American Can com.. .100
14
West Chicago St
100
94 4i 95
Preferred
hohl
100
Cong 5s 1936
M-N § 99 14 100
American Chicle Co. .100 115
Preferred
92
loo
American Elevated
1
Gas Securities
Amer Graphophone...lo t 5»s
NEW YORK
Preferred
8
lo t
Cent Union Gas 1st 5s... nio 111
Amer Hide& Leather 100
7
Con Gas (N Y) stock N Y Stock EXC
Preferred
38
100
EquitGascon5sl932 See Stk E x list
6s See Stock Exch list
Mutual Gas
100 320 335
Amer Press Assoc'n.loo 95
BROOKLYN
New Amsterdam Gas—
American Screw
78
100
Atlan Ave 5s 1909. .A-O «103 106
1st consol 6s 1948. .J-J §112
113
Amer Shipbuilding... loo 61*3
Con 5s g 1931
A-O 113
Exch
Restock
list
Preferred
100 107
Impt 5s See Stock Ext h list
N Y & East River Gas—
Am Soda Foun com. .loo
4
E5s 1933.. A-O 102 a4 104
1st 5s 1944
114
J-J 5113
1st pref erred
60
100
Brooklyn City stock.. .10 247 '4 247 42
Consol 5s 1945
J-J 4109
112
2d preferred
14
100
Con 5s See Stock Exch list
Nor Un 1st 6s 1927. M-N 107 110
American Surety
50 ISO
Bkln Crosstu 5s 1908. J-J 104 107
Standard Gas com. ...100 130 140
Am Strawboard rects 100 47
Bkn Hgls 1st 5s 1941 A-u 105 108
Preferred
loo 150 160
Bonds 6s
E-A 100
BklnqCo&Sub See Stk Exch list
1st 5s 1930
M-N nio»2 116 l4 Amer Tobacco com... 50 285
Bklyn Rap Tran See Stk Exch list
Preferred
loo 145
OTHER CITIES
Coney Island & Bklyuloo 360 400
Am Typefo'rs com. ..loo 43
1st 5s 1003
J.J
101
Amer Light ifc Tract. 100 44
47
Preferred
98
100
68Crttsinubl 1903. .J-J 101
Preferred
93
95
100
Amer Writing Paper. 100
5*4
BrkC& N 5s 1939.J-J 115 103
Bait
116
Baltimore Consolidat See
list
Preferred
23
100
GrSt&NewlstSs'OO F-A 103 hi
Bay State Gas
142
1 34
50
5s 1919
J.J
77 "a
Gr'pt & Lorimtr St 1st 6s 105
107
Binghamton Gas 5s 1938 § 9442 96
Barney & Sm Car
100
Kings Co. Elevated—
Boston United Gas bonds Bos to n list
Preferred
100
1st 4s 1949 See Stock Exch list
Buffalo City Gas stock 1 00
9
11
Bliss Company com
50 145
Nassau Flee pref.
loo
83 \ 85
80
81*2
1st 5s 1947
A-O
Preferred
50 140
5s 1944
A-o 113 115
Chicago Gas SeeNYStk Exch list
Bond&MtgGuar
new
100
360
1st 4s 1951
J.J
87 \ 89 !4 Cincinnati Gas <& EleclOO loo's 100't, Borden's CondMilk..loo 111
Wb'g&Flatlslex4 42s 105 106 Col Gas L & Heat corulOO 104 107
Preferred
100 110
Stein way 1st 6s 1922. J -J §11842 11942
Preferred
100 107 h. 108
Brit Colum Cop See Bost Stock
Col Gas 1st 5s 1932 J-J 5107 a4
Camden
Land
OTHER CITIES
20 t
U
Consol Oas (N J) stk. 100
16 a
17 hi Celluloid Co
100 115
Buffalo Street Ry—
1st 5s 1936
90
91
,...J-J
Cent
Fireworks
com.
21
loo
1st consol 5s 1031. .F-A §1154, nfia. Consum Gas
(J City)—
Preferred
*'
...100
62
Deb 6s 1917
A.o
O §106'
1st 6s 1904
M-N no3 104
Central Foundry
100
2^
Chicago City Ry stk. loo 210 215
Detroit City Gas See Stk Exch list
Preferred
12
100
Clue UnionTrac.S'eeSt'ck Exch list
Essex & Hudson Gas 100
34
36
Cnesebrough Mfg Co loo 450
Cleveland Cuy Ry....l00 115 Hi 117' Fort Wayne
51
6s 1925. .J-J
62
Olatlin (H B) 1st pref 100 100
Cleveland Electr Ry.100
9i J4 95
Gas&Elec Bergen Co 100
2d preferred
...loo 102
Columbus (O) St Ry..l00
66
Grand Rapids Gas—
Common
100
98
... „.„.»»...
Preferred
3
loo xui>
lvv
105 4 107
1st 5s 1915
F-A §104 4 106
Col & Hock Coal& I pf 100
60
Colum Ry con 5s See Ph iia.liisl
Hartford (Ct) Gas L...25 t 60 "83"'
1st
J-J
...„.
g 5s 1917
Croest'wn lst6s'33.J-D $109 111
in
Hudson
32 4
Co
Gas
100
Compressed
Air
.100
Co..
Detroit United Ry .See Stk Exch list
6s g 1949
M-N no3 103 34 Cousolid Car Heating 100 60
I Buyer pays accrued interest.
j Price per share
t Sale price.
U Ex stock

W

Ask

I

St Joseph Gas 5s 1937. J -J

1,794.110
122,968.568
4,643.271
204,646,114
$424,274,300 $175,965,500 $11,61 7,982,94V$19,930,7H,675
$5,000
$409,700
$129,475
Bank shares, par..
Stocks

489

I

$39,000

January 1

1901

1902

$15,000

$16,898,800

Week ending Sept 5

Sates at
Jfett York stock

.

THE CHRONICLE.

1902.

314*
,116

130
27

64

H

3
4

147

4.

6
tl542
8 a4

12

10

15\
9>a

42
43
102 104
30'8 31
t
t

47',

30 34
91

30 T|

98
315
ibl" 204

119
104 ht
61
t
175
160
136
146
260
7

33
80
685
30
130

122
10541

63
180

280
84l

35
81

Standard "oil" o'fN* J 100
690
Standard Coupler com 100
35
Preferred
100
7
Storage Power
1
50
e
Swift & Co See Boston St k Exc h'ge
102
1st 5s 1910-1914
J-J §101
Tennessee Copper
25 t 18 4i 19
Texas & Pacific Coal. 100
90
1st 6s 1908
A-O §106 110
Title Guar & Trust.. .100 725
Title Ins Co of N Y..100 155
162
20
Trenton Potteries com 100
23
Preferred tr ctfs
100 11042 1144
75
Trow Directory new.. 100 70
1
4.
Union Copper
10 t
*
20
Union Steel & Chain. 100
33
40
60
Preferred
100
Union S witch <fe Signal 50 t 90
Preferred
50 tlOO 105*"
Union Typewr com. .100 129 132
1st preferred
100 130 132
2d preferred
100 132 135
100
144i 16
U S Cotton Duck
10
20
Envelope
com.
..100
U S
72
77
Preferred
loo
U S Glass common... 100
Preferred
100
V S Realty & Con ( wh iss) 37 374l
79*.
80
Preferred(when issued)
USReducWiRetinim,'ltlo
57
Preferred
100 t
U S Shipbuild'g (wh iss). 22 23
69
64
Preferred( when issued)
94
96
5s (75»o pd)
97
98
(wh
iss)
42
4|
U S Steel Corp 5 s
115
Col tr 6s Ser B & D 1961 113
3
6
Universal Tobacco... loo
25
33:
100
Preferred
22
Va Coal Iron & Coke. 100 21
75
M-K 73
5s 1949
34
35
Vulcan Detinning.... 100
81
100
82
Preferred.
Westingh Air Brake.. 60 118842 190
21»4
a
White Knob Mining. 100
Worthing Pump prel.lOO 123 128
'..

J

.'

7

1

*

BOSTON STOCK EXCHOTGE-Stock

Record, Daily,

Share Prices—Not Per Centum Prices

Monday
Sept. 1

Wednesday
Sept. 3

Tuesday
Sept. 2

STOCKS

Thursday

Friday
Sept. 5

Sept.

4

95% 95%

94*8

105*8105%
105 106
262 262
262 262
155 156
152 155
241*2241*2
24V
*198*2l98*n '198*2200

104 34
262
156
"240
199

95*2
105*8

Sales

BOSTON STOCK

01

the

2-

Weekly and Yearly
Range Since January
1902

Range

lor Previous
Year (1901)

1

Week

EXCHANGE

Shares

Lowest

2,388
2,272
52
1,075
21
60

74% Jan 27

Lowest

Highest

Highest

lt:iili-ontl»

95*4

96*s

*30o"

'.'.'."

"158
127
*199

160
127
200

95

104%

95% Atch Top Santa FelOO
Do pref
100
cfe

105*2

262
160

262
262
156
157
242
242
199
198
200
Last Sale 177
J'lv'02
*300" "."" Last Sale 300
Aug 02
157*2158
157
159
158 159
128
128 *
128
199'"
Last Sale
199 200
Aug'02
160 160
....

:

Last Sale 288'" J'iy''02

•145

*145
39
97

*29*4

233

75

*85
108

'

86*2

108

*lll%112%
92% 92%
-95

78

41*1

*4

128

*110*3

14 4
78*2
4
:,

128

126
72 34

76>2
7*8

*7%

75

8
280

197 197
187*4 188
*2*4
2*4
2
*110*2--

240
*9

89

5%

5*4

*9

9>2

155
27
30

153
*26
*29
-2

w
o
W
w
t

6*2

143 hi 142*2 142
40
40
40
243
242 242

142
40

9*2

154
27
30

152
*26
-29
*2

2*8

2*8

113*2113*2
113 113
*56*2 56 34
56 34 67
31*2 31*2
SI "a 31*3

87
41*4
90*4

41%

87

41%

41*4

90

90*4
-90

90*8
-90

*29*2 30*4
100 Hi 1 01
113*2 113 "a

•30
81
10U*alOO*2

114*2116

114

22

22

2*4

67 8 69
*2
2*2
*12*4 13

25 a4

*4%

35

25%
6
1

26

26
30*a 81
*-92*a

•6%

1

3 34

*06
17*2

*7

17%
8

2 3 sa

24
2 34

2%

69*4
*2*4
2*2
*12*4 13
*26*a 27*a
6
6
*-35
1
20*a 26*2
31*4 31 34
•02 *a
1
33
70*.

t

.

"*5%

,

638

635

116

22

2*2

*

2 3 8j

535

.

•05

45*8
3*a
*3*4
*l*a

,

18 S,
8
75

2*16

2 3 32

-7
'•60

*ll*a

3*2

8*4

3*2
1 34
2*a

3%

*2
17*a 17*2

56
27

66
27

-4*4

125

4*a

125

•2*a

23

4

175

*94

2 34

100

«3t*a

11 34
35

21%

21 34

11

3
4

10*8 17
20 34 21 34

6%

6<t

6*8
6*«

68 *a 60
1*4

1*4

<

5
130*8 130*8
•2*2
2 34

**9**i

2
"*9*2

*2*2

•94

26*4
31*4

69 \
27*-.

5
26*4

31*2

5 34

183,

18
2->32

Last Sale
67% 68 *e

*2%

10*4
4*8

1*8

3*,

11
4*8

*13*2 15
17
17
2*4

2*4

Last Sale
12

46 34

46

3*4
IS,

3
18

18

67*2

67 Hi

3*-<

•27

28

6

6

128

135

23

23

1%

2

9*2

9*2

4

4

Last Sale
175
3

12

21"8
10*2
21*2

22
16*s
22

6%

6

6

6*8

68*2

60

b Before pay't of aasess'ts called during 1901.

240
20
4,253

1%I

4%

*26
:u'4

1*4

Augl8
61 '8 Mar25
Feb 28
2
2

1

Lead
27*2 Anaconda
Arcadian
5

&

10

290

*.i

25
50

Apr

540

W

Boston (Quicksilver)

Aug'O British Colura (Ltd).
640 I'alumet <fc Hecla
10

1

26
25
10
5
25

J'ly '02 Continental Zinc

59
1*4

Jan 11

May

9

*93*5

J'ly 21

Jan

10
11
7

Jan 14
Jan 20

A pi
l%Jan

25
2,360

2

Aug22
Aug20
April

14 526

J 'ne'02 atalpa (Silver)
18*2 Centennial
Aug'02 Central Oil
Aug'02 Cochiti Tr Co rects..
2 3 32 Cons Meronr Gold...
2 3 32

J'ly 14

Jan 23
1,326 20*3 Jan 17
•40
2
6

•18

293,

3*2

"120 22

Aug'02 Bonanza (Dev Co)...
'02

24
•60

HinghamConMin&S

31

9*aMar27

Sni.

J'ly '02 Arnold
26*4 Atlantic

2

1

2

'.<

m

-'."•

-

1% Wyandot

2"

168

!48
!00
.76

Feb
May 307

Apr
Apr
Apr
Apr

143*2 .Tau 162
126 Jan 135

J'ne

Dee

297

J'ly

Apr

J00% Nov
165

6

Mar31

178
99
117

Apr

J'ly

Feb 10 160
Feb 6 276
Marll 139
J 'ue

94*8

Jan 265
Jan 190

238
189

Jan 27 198

178*2 J'ly 10
45*8 Apr 21

99
31

90% J ne

107*2 May

Aug29
J'ly 14

MarlS

Jan
Jan
Jan
Jan
166 Jan
24 Jan
77*2 Jan
13*2 Jan
201 Feb
163 Jan
an
223
205 J an
30 Jai11
70 Jan
87 Jan

:86

48
73

45
96

Deo

May
Apr
Nov
J'ly

J'ne
29*8 May
17*2 J'ne

73
231

Nov
J'ne

212*2Apr

95 Nov
89 Nov
120 Dec
42 Aug 61 Deo
ne 108 Dec
98
78*2J an 132*2 May
82 J an 99 May
172 N o\ 173*2 Aug
92*2 J: u 99 Apr
110 Jian 118*4 Apr
.

J'ncl 6
17 F< b 24*4 Apr
34*e J'ly 2:
55*2 Sep 4 40 4)1)>ec 48 J'ne
152*2 May 12 150 Aug 155 Aug
.

32*2 J'ly 29
91 J'ly 29

9% May 2
37%May22

20

Oct

79*2 Die
334

185% Apr 4 151
7

11
33

Mar
Jan

Dec 152*8 J'ne
Dec 130 J'ly
Jan 182 May
Oct
21% Jan

135*8Mar31 103
123 Sep 4 112
17*4 Jan

Jan

Aug

28

34*8 J'ne
91 J'ne

14

Mar 83 J'ly
Feb
4% Oct
130% Apr 30 L29*s N°1 140 Aug
79%Aug20 20 Oct 39 Mar
7 Nov
9% Feb
9%Mar2"
285 May 9 217 Jan 270 Mar
Deo
J
an
184*2
288
332% Apr 9
188*2 Mar31 153 Feb 182% Nov
3
1 *2 Dec
3 4 Maf
3% Ain 7
106*3 Mario 101*2 Aug 103 Deo
80 34 Jan 2
4*2

May

70''

4

93*2 .Fuel 6

Dec

88

99
15
Apr30 127*2Jan 146

7%Mar20
151
41

4*4

Nov

Aug28
Jan 225

J'ly 21 198
9
9 34 J'ly 18
5 34 Oct
177 J'ly 28 100 Dec 110
27 Jan 2 25*3 Dee 29

250

Jan
Jan

Apr
Oct

Jan

Mar
Aug
May
29 Jau 28 27
5 Mar
2*2 MarlO
2 Nov
114'aJ'ly 7 73 Sep 137 Mar
;.T'
Mav 1 30*4 Feb 48*2 Not
Jan

29

23*sJan

30

4

33*3 Apr 28

14% Apr 2
87%Aug25
18*4 A pi
62*4 Mar2.-)
46% Jan 7
07 '2 Jan 7
1

1-12*2

Apr 16

83*3 Apr
106*2 Apr
116*3 Apr
117 Apr

1%

1

4
4
9

9
Jan 17

74

34 Jan
13*3 Oct
46 l»-c 82% Jan
83 May 54*2 Apr
86 *2 J'ly 101% May
134 Feb
*2 0ct

Jan
Jan

54
66
34

Nov

Apr28
Mar 3
78*8 Feb 1
334 Apr 8

69*2 Jan
61*8 uct

16*8 J'ly 14
35 Jan 31
13*4 .Mario

9
29

24*2
434

Sep

May 16% May
Jau 83 *s Aug

9

89*2 Deo

91
1*2

33
66*4

Deo
Feb
Sep

Aug

60% Dee 129*8J'ne

Nov 5*2J'**«
Feb 18 Apr
Dec 63 Apr
3*2 Dec 24 34 Ma#
534 Mar
1
Jan :;i 50c. Dec
36 May 8 24% Dee 43 Sep
43*2Aug
A pi 21 15*2 Jan
178 Mat
1 Jau
1*20 Mar 6
7 io J an
6 *2 M ay
6
Apr28
Oil '4 (let
10*2 Mar
23*i J ai»
650 Feb 1 535 Dec 860 Mar
•12
Jan 20 12 Dec 22*2 Apr
28 MarlO l»)v> Dec 3414 May
8 Aug 13 Feb
8% May 3
13*4 Jan
2 Jan 8
l 3 Dec
4 Apr
2*4 J'ly 8
1 4 Nov
2

....

1

1

,

*

19 34 J'ly 2i
64 Apr 12 41 Dec 65ia Deot
18*4 Mar 1 56 J'ly 8 28 Nov 41 J'ne
54 Jan 2 146*2 Sep 5 32 May 53i4Deo
114*3J'ne23 119 Jau 23 10s Jan 120 Deo
Doe
7 Mar
5*2 Mar 1
2
l*2Jan 16
11*3 Dec 26 Mar
10 Aug2s 153.1 Feb
2*e J'ly 17
6*8 Jan
4 Dec
8% Oct

2*

1%

295
148

Jan

May

18*3J'ly21
43 34 Marl

58% Copper Range Con ColOO 3,Y:>i
205
20
52 Daly-West
100 1,131
146*2 Dominion Coal
20
Do
pref
100
118
12 1,170
3*4 Elm River
228
25
11 Franklin
300
5
•3%
4 Guanajuato Consol..
(Copper).
35 1 1 *2 May20
Royale
25
*18*2
15 Isle
25 1,440 16 34 Jan 15
17
17 Mass Consol
2
Jan 28
*2*4
65
2*2 Mavllower
25
3 Jan 6
16
Jan '02 Merced (Gold)
Jau 16
d9
1
25
06
Miclngant
" 46**2
25 1,647 </27 Jan 14
Mohawk
46
3 J'ly 23
3*2 Montana Coal <fe Coke 25 1,200
8*a
22
8%
3% Montreal* Boston.. 6 1,610 1% J'ly 25
1 Jau
60
25
*l*a
S National
701
25
2% J'ly 18
3
l Old Colony
880 17 Aug27
18
18 Old Dominion (Cop).. 26
830 65 Augt!
25
67 34 Osceola
67
120 24 34 Apr 30
28 Parrott (Suv <fc Copp) 10
*26*a
3*3 Fob 27
25
165
4*9
4*2 Phcnulx Consol
14 125 Apr 9
25
*125
130 Quincy
l*2J'uel4
100
*2*3
25
Rhode Island
3
134 May27
600
Santa Fe(Gold<6 Cop) 10
•1%
2
•60 Jau 27
50
Apr "02 Santa Ysabel (Gold). 6
Aug2c
10 i'o'i'o
9*2 Shannon.
9*9
25
88 169*9May28
•170
175 Tamarack
50
Jau
6
2.3
65
.
Teoumseh ......
3
*2*a
({34 Jan 2
26
94
Aue'O Trimoiintain
25
845 11 Aug25
"11*4
11*2 Trinity
100
34% J'ly 28
Auk' 02 United Copper
'y4*a
ctfs.
v
tr
25
CO68 13*4 Jau 14
21%
21% U S Mining
,886 15% J'ly
16 34 Unit States Coal cfcOil
16%
91
19*a J'ly 14
21*4
21*2 Utah Con (Gold) tr ro4 85
25
534 Victoriat
4'ie J'uelO
5%
Jau 14
520
<U
25
5*8 Winonat
6
100 42 Jan 14
25
60
60 Wolverine

ttBetore pay'tof assess'ts called Uurinjc 1902.

166*2

254 Api 2S
175 Jau 3
Jan 9 238 Apr 3
208*4 J'nelS 217 Apr 4
US May20 83*2 Jan 4
7P*2Mayl9 91 J'ly 30
74 May 16 125*4 A pi 23
58 Jan 8 90 Mavl3
105*2J'ne 2 110 Marll
98*2 Feb 28 113 Aug26

4 86% Marl 1
172 Jan 15
185 94 Jan 2
49 112% Jan 2
19*2 Jan 28
39% Jan 28

68
52
144% 145
117
•116
62

62
144
117

12

6 34
6*2

*6

804

25
69*8 Amalgamated !opperlO0
Hold
Aug'02 Unei
Dredging
Ar.i /.111c

172
136
202

230

2*2 Allonez

Last Sale 7*2
Last Sale 90

Last Sale

l

"26*4
•

Last Sale

11 34 12
*34 2 35
21 "4 22
1 B%
17
•21*2 22

2*a
68*2

Last Sale 95
Last Sate 5
Last Sale 6*4

*2*2

3

100

•69

*26*2
6

*172

170

172

2 34

Last Sale 50

*3'4
3*4
1*2

13

*4%

9*2

Aug'02 Vermont

95*2
113

Last Salt
2%
Last Sale 13
Aug'02

3%
3%

3
18*2
67*a
27*4 27*4

9*4

2*4

68*2

12
46*2

3
18
67

2

92*6

68 152 Feb20
24 1^6 Aug28
199 Aug 12
2 160 J'ue23
285 J'ly 1
"l3 142 Jan 24
172 Jan
1,386 33*2 Jan 28
306 92 Jan 13
26 .tin 15
104 210 Jan 31
170 Jan 14

1

•11*2

-l*a

1 78

2 34

(

46

1*8

*172

*91%

108

H

191 Jan 2 209
172 Jan 13 183
297*2 J 'ue20 307

.

Last Sale

18

H
45*2
a
4

87*2

111*8

. .

Apr 8
Apr 28
Apr 26
Mar26
Mar26
Mar26

J'nel3 248

& Mass. ...100
95*2 West End St
50
114
Do pref
50
Last Sale 30\ Aug'02 Wisconsin Central... 100
65*2 65
Do pref
100
Last Sale 15(Y" Aug'02 Wore Nash & Roch.,100
148*4 Feb 11
Miscellaneous
26
26
610 21 Jan 16
26
Amer Agricul Chem.100
89*2
89
154 81*2 Jan 2
89*4
Do pref
88*a
100
8*2
8 34
9
9*6 Amer Pneu Serv
552
4 Jan 21
50
Last Sate 31
Aug'02
Do pref
21 J'nel9
50
132% 132's 129 34 131*2 AmerSugar Retin
100 4,538 116*4 Jan 6
123 123
102 115 Jan 4
12 *4 121*4
Do pref
100
170*8 17 3
170*4 171 Amer Telep & Teleg.100 3,427 155 Mar 1
*14>4 14«4 *14
100 13 Apr 23
14*2 Amer Woolen
100
78*4 78 H
104 73 Apr24
73*2
78*2
Do pref
100
Last Sale 4
Aug'02 Boston Land
3% May 5
10
Last Salt 126
122*2 Apr 4
Aug'02 Cumberl Telep & Tel ion
73*4
72
L1.985 25 Jan 15
72%
76 Dominion Iron <fe St
*7 34
7 34
7 34
320
7*2 J'l.V 24
Bast Boston Land
Last Sal 280
244 Jan 2
Aug'02 Edison Elec Ilium. ..100
*194 196
"Tii
11183 J'ly26
General Electric
100
Last Sale 186
170 Jan
Aug'02 Mergenthaler Eino.,100
«2*4
2*. Mexican Telephone.. 10
"2V6 2 Jan
2%
2*4
Last Sale 206*2 Mar'02 Minn Gen Elec pref. 100
103 Feb
•88
89
88 Sep
88
88 N E Cotton Yarn pref 1 00
5*4
5
2 34 J'nel9
6 N E Gas & C Tr recta. 100 1,301
107 135 Jan 2
142*a 1 42 *2 143
143 N E Telephone
100
40*4
40
510 30 J'ly 22
41
41 Plant Comp new recta 100
244 244
'242
7 216 Jan 7
245 Pullman Co
100
Last sale
Aug'02 Ueece Button-Hole.. 10
6 Jan 23
153 155
Swift & Co
100 1,710 100 Jan 9
Last Sale 26*a J'iy"'02 Torrington Class A.. 25
26*sMayl7
Last Sale 2.9
28 Jan 23
J'ly'02
25
Do pref
Last S a 1 1*4
1*4 Aug 15
Aug'02 Union Cop L'd & Mg. 25
112 34 113^ 113'2 113*2 United Fruit
499 85*2 Jan 8
100
612 46 Jan 2
56*a 66*2
56*2
57
United Shoe Mach... 25
»31*2
29 Jan 2
*31*a
32
Do pref
25
11*4 Jan 2.".
2,600
loo
13%
14% US Leather
6 80*4 Jan 22
100
Do pref
16%'"
Last Sale
13*2 Jan 25
Aug'02 U S Rubber
100
Last Sale 56
49 Jan 2
100
Aug'02
Do pref
42 *a x41%
42
2,460
36*aJ'nel9
100
4l*-j U S Steel Corp
90*8 91
507 87*2J'nelO
100
90%
9 1 *4
Do pref
Last Sale 90
•72*2 Mai 11
25
J ne'02 West End Land
30
30*2
180 26 '2 Marl 1
29*2
29*2 West Telep & Telog.100
100 34 100
666
91 Feb 28
100
Do pref
100% 100
112
114 Westing El & Mfg.. . 50
86*a Jan 11
!>n
•114
89 Jan 29
117
pn-t
50
Last Sale '*2
1*2 Jan 27
Jan '02 Wollaston Land
5
Mining
23*2 23*2
25 1,030 18 Jan 14
22*4
22*4 Adventure Con
113

638

67*4 68%
69*6
68
*61*4 62
61 62
141*2 14334 *143*al44
116*2 116*2 '116 118
3*8
3
3
3
10 *a 11
10*9 10*2
*3 a4
4
4
4
13*4 13*2 »13*« 15
17
17 *a
17
17*2
*2
*2
2*2
2S.

11 34

87*2

108
110 34

pref

Boston & Providence 100
Chic Juno Ry & U S Yloo
Do pref
100
Con & Mont Class 4 1 00
Conn & Pass Riv pref loo
Connecticut Rivsr. .100
Fitch burg pref
100
Maine Central
100
Mass Electric Cos
100
Do pref
100
Mexican Central
100
1ST Y N
& Hart.. ..100
Northern N H
100
Norwich <fc Wor pref 100
Old Colony
100
Pere Marquette
100
Do pref
100
Rutland pref
100
Seattle Electric
100
Do pref
100
Union Pacific
100
Do pref
100

236

'

%

*88
6*3

79

Aug'02
Aug'02

Do

100
100
100
100
100

1

172%

280
196
*186*3 187
'4

Aug'02
Aug'02

79

95*2

95
113

122

"14*4

14*2

78 *4 78*4

2

80

75
86*2
86*4 86*4 *85
108 108 *107*2 108*..
110*8 111 34
lll%112
92*2 92 *o
*91*8 92*8

122
171

122
17112 173

*273
195

'i

Last Sale 85
Last Sale S6*2

132*4 133

122

7*8

80

80
89

26*2 26*2
88*2 89*2
'8%
9

26*a 26*2
4 89*2
9*8
9
*28*s 30 "a
132*8 132 "2

*4
*126
75

....

146
Aug'02

38 *s
97

Last Sale 235
Last Sale 211

95*2 96
113*2114

89

14*2

146
7.76*2

38
38*8
97*8
97
Last Sale 29*4 Aug'02
236 236*4 236
236*2
Last Sale 277*2 May'02
38
97

Last Sale 175

96
114

*113

30*4

233

211
80
-85

80

146

Last Hale

97

97

97
*29*4 30*4
233 233

211
80
*85

*145

146

38*3 38 34

39*4

Boston & Albany
Boston Elevated
Boston & Lowell
Boston & Maine

96*« Sep 2 42 34
95*2Marl2 106 Sep 2 80
259*2J'ueU 266 May 9 251
xl50 Aug29 173*2 MarU 159*4

200

•75

25

F'eb

21*2

May

3% Mar
4

11

Jan

MarlO
47*2 Aug 8 622
4*2 Mar
4
414
434 MarlO
1% Jan 31 50c.
3
4*2 Mario

<n:i*4

25

Pen

89%

l'.b

1

Feb

1

34
5

147
3*4

4
50
18

1

May 14
Feb

Mar
Feb
Marl

1

3
1

7

May22

New

Feb

1

66*2 May
37% Sep
6% Oct

6

Jan

20

Sep
Sep

Jan

66*4

Feb

7

Deo
Jau

4% Aug

Aug

Jan
6% Deo

5%Oot

20*3 Dec 38 34 Mar
Dec 120 Sep
72
27*2 Dec 58 Apr
3*8 May

126
8

8% Sop
Apr

Dec 187
Dec 10

2*4 Dec
•60 J'ne

230*" Dec
3*2 J'nels 62*3 Dee
125 Feb 26 619*3 Jan
10 Dec
18*3 Mar 3
35% J'ly 18 "
9*2 Jau
22% A pi 21
IS '4 J'ly
1'iyi24
18*2 Deo
27*4 Feb
3*2 May
dQ\ MarlO
l*g Dec
6 Aug 15
44 Dec
60 J'ly.

JSL

Jan 21

*Bid and asked unoes.

18*3 Dec
11 Jnu
l*3J'ue
4 Aug
6534 Feb

Feb

10 'g Apr
•JSjJan

338"

s'ej"

63

Feb

68
41

J'ne

Sep

"24" Apr

87% Mar
12
10

Sep

Feb

78 Sep
1
Marl 2% Feb
1% J'ly 30
stock, t Asseaam't paid.

45

Skfmjmbsr

3

ENDING SEPT

;

Rang*

Friday

-

Ask

Bid

AtcaTop&SFeseng48..1995

99%

9934 Sale

99%

90-,
D( o'Ol

'.'.'.'.'..

99
81

98
70
119*4

Apr'Ol

LOo

J'lj '05

'oo'."
>'•".

I05*a

99% 100

J'ne'Ol

Sep 'ol
125 ' 8 Aug'00
;
, Aug'02

^

89

too

104

101

101

M

109*2

".'.'.

130*3 J'ly '02
130*2 J'ly 'Oil
103*a Aug'02

130
109
109

110
110
107

105

W

'4

99

Lu94
Mar'02
Apr'02

lll»iMay'02
138 J*ne'02
138 J'ly'02
05 8
95*2 Sale
95 4
94 a4 -l'ly'02

1933
tr 4s 1 921
1921

Note— Buyer pays accrued interest in addition

L02*2

L10»s 111*4

138

138
43 94
94

139
138
96*a

96%

purchase price for

to the

all

Share Prices—Not Per Centum Prices
Saturday
Aug 30

Monday

Tuesday

Sept 1

Sept U
73*2 74

m
a
Q
H
m
X
c
a

32*8
52*8

a

33
53*6
15*j

Sept

2734

>•

26 4 20*2

b

75*4

78

%
9
a

>

DD

Ml

2734
7534

Stocks see beloiv)

*

Philadelphia
American Alkali

36*8

81 4
49 4 49=8
8' !4
84

81*4

27*8 28*8
26*8 26*2
75*4 75*4

28
25*8
75
79

3638

3534

144 144

PHILADELPHIA

Ask

Rid

American Cement

4*2
51*4

5

52

76
48*2

49*2

7*8

Sid

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-P
Berg&EBrw 1st 6s'21 J-J

Con Trac of N J

50
Harrison Bros pref. ..100
48*

lair. .50

1

&

M-JN

Peo Tr stk tr ctfs
Elm Ji Wil 1st 6s 10. J-J
Income 5s
2862. A-O
49*2 Eq II Gas-L 1st g 5s 1928
76
H^li Top con 5s '25 A-(
Elec

Preferred
50
India napols St
loo
Inter Sin 1J & pyuain..50
Lit Brothers
10
Little Schuylkill
50
Minelull & Schuyl H..50
Nesquehoning
50
N Haven Iron & Steel.
North Pennsylvania. .50
Pennsylvania salt
50
Pennsylvania steel. .100
Preferred
100
Plulad'lphia Co (Pitts). 50
Preferred
50
Phil Herman & Norri8.50
Phi la Rapid Transit.. .51
Phi la Traction
50
Railways General
10
Snsqueh Iron A Steel..
Tidewater Steel
10
United N J RR A C. 100
Unit Pow A Trans
25
United Trac Pitts
50
Preferred
50
Warwick Iron & Steel. 10
West Jersey & SeaSh.50

1st 5s. '33
st 7s '05 F-A

& B Bk
E A A 1st U 5s 1920

Pel

Germantown Pass

75

Indianapolis

104 11
10*2

Ry

48.1933

Lehigh Nav 44s '14.Q-J
RRs 4s g
1914. Q-F
Gen
44s g.l924.Q-F

M

61

Leh V Cist 5s g '33. .J-J
Leh V ext 4s 1st 1948. J-P
2d 7s 1910
M-S

65*2

"*53
4

110
114

Consol 6s 1923

J-P

Annuity 6s
J.p
Leh V Trac 1st 4s '29. J-P
102 103
Nat Asphalt 5s 1951. J-J
49 4 49% New Con Gas 5s 1948 J-R

11234

118
111

23

,

23.

6*-.

40

45

"52"

64

;

no salos on

GenM

MN
J-J

7s 1903
6s r 1910.. \ at
Oonsol 6s c 1905. ..Var
Consol 5s r 1919. ..Var
Penn & Mil Steel con 6s.
Y Can 7s 06. J-P
Con 5s 1939
A-O
Con 4s 1939
A-O

Penn gen

Sale

87

Atl<fe

105%

11 934

Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43

Rid
102 4
72
121
108 a4
131

50
100
83
15*2
9

39

120

Daily,

1153.,

Lowest

105

105*2

Ext& Imp

I

Mar'02
Aug'02

105

IO234
128*4

107
101*4

103 34
107

103-V03<^
104*4 109*4

100*al00*8
107 108
104*4104*4
103*8 103 5s
38 103 34 1 06 *a

Mar'02

1193411934

Range

for Freviout
Year (1901)

1

74 Sep 2
125*4 J'ly 29
34 34 AuglS
55*8 Aug 19
17

Marl5

1

Apr 28

3

Highest

Lowest

-Highest

*4Feb

65 34 J'ly

Jan

58

88*2 Jan 106*2 Pec
9 34 Jan 30*2J'ne
24 58 Jan 5434 Sep
14 Pec 18*8 Mar

Jan
3eMar

Pec

3a

23s

*8Apr
23 Mayl7 28*4 Aug21 1 534 Mar
21*2Mar20 36 Api 29 20*2 Pec
66*2 Jan 3 80*4Apr29 40 Feb
71 Aprl5 79 Sep 2 62*2 Jan
33*8 May 17 38*4 Jan 2 28*2Jan
2*8 Feb 3
5 Aug IS
3 5a Uec
*4 Jan 29 1*16
*4 Pec
Feb 7
*aAug 8
1 Jan
2»a J'ly 9
7334 Jan 14 85 Sep 4 69 May
46 Jan 3 5058 Apr30 40 a4 Jan
4*4 Pec
3*sJan27
9 Sep 5
8*4 .l'ne26 15 Aug21
26*4 Marll 393,6 Sep 3 12*8 Jan

31*8 J 'no
38*2 Apr
80*4 J'ly

79% Apr
39% May
7% Jan
8*2

16
81
54*4

Feb
Feb
Apr

May

8 38 Feb
28*8 TJeo

BALTIMORE

Rid

Ask

Chas Ry G A El 5s '99 M-S

94
120
110

95

Ask
103
72*4

123

Charl G &

A ext 5s. '09 J-J

1910 A-O
City A Sub 1st 5s. '22 J-P
City A Sub(Was)lst5s'48
Col&Gmv lst6s. 1916 J-J
Consol Gas 6s. ..1910 J-P
1939 J-P
5s
2d 7s

.

J-J

112
120
109
123

113*2

&N
A

2d income 5s 1951

M-N

KnoxvTraclst5s'28A-0
LakeR El 1st gu5s'42M-S
MetSt(Wash)lst5s'25FA

MtVer

Cot

Puck

1st 5s.

85
16

Series
5s 1926.. ..J-J
J-J
Series
5s 1926
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 5s 1941.. J-J
T(Pitts) 5s '34 J -P
Sec
Sav Fla West 5s '34 A-O
Seaboard L 4s 1 9 5 A
Roan 5s 1926. J-J
Seab
South Bound 1st 5s.. A-O

1174 119
121 122
102 4 103 4

" 12*6"
ii'8

5s. 1932 M-S 117
Chas City Ry 1st 5s '23 J-J 105 4

122

H5*a

Norfolk St 1st 5s '44. .J-J
North Cent 4 4s 1925 A-O
J-J
6s 1904

111
123 4
111

120

112*4 112*a

115

Ga Car
1 st 5s g '29 J-J
Georgia P 1st 6s. ..'22 J-J
GaSo Fla 1st 5s 1945 J-J
G-B-S Brew 3-4s 1951M-S

102

9 '4
41

114*2 )15*a
101 10134

Ga&Alalstpf5s.'45A-0 113

New Or! Gas 1st 5s. .Var
Npt N&O P 1st 5s'38 M-N

102% 102%

Bait Traclst5s..'29 M-N
No Bait Piv 5s 1942 J-P
Convertible 5s. '06 M-N
Central Ry Os... 1912 J-J
Consol 5s
1932 M-N

102*2

1

J'ne'02
J'ne'02

lDO'i

1st 6s tunnel. .1911 J-J

iii»4

104
105
104

Weekly, Yearly

Range Since January

Balt&Plst6sml'llA-0

121

115
102

&

Exchange 3 4s 1930 J-J 1104
Funding 3 4s 1952. .J-J 113

101*2

04
105
103

104*4
68*8

0234
125
106 58
100
102

108»4 J'ly'oi
103=8 Apr'02
109*4 J'ly'02
102*8 Nov'01
loo' H rne'02
108 J'ly'02
104*4 Aug'02
103 "s J'ne'02
105=8 105 a4
87*4 J'ly '01

Sale

104

107*4 107*4
107*2 10934
10434 107

Incomes

Atl Coast L(Ct)ctf s 5s J-P
Bait CPass 1st 5s '11 M-N
Bait Fundg 5s. 1916 M-N

107*4 108
122 122*2

Peb'02
Apr'02

107
100
102
106

FA

J-J
J-J
J-J

Bonds
Pot 5s
Chlst7.. .1007

105

10 I'104»4
ll 2
May'Oi

4

103
103
52
1

107*4 May'O:
107*2 J 'ly'02

:)

the

15t>,491

Georgia sou<fe Fla...l00
1st pref
100
109 4
2il pref
100
119*8 120*2 G-B-S Brewing
100
122 4
Mt
Vernon Cot Puck.
124
Unit Elec L A P pref .50
140 143
Anaoostia

Apr '02

84*4
3534
24*a

Friday; latest hid and asked this week.

Inactive Stocks
Atlanta* Charlotte.. 100 1G0
Canton Co
100 101

107
110*2

SL
30*4
20*8

;

104
103

-J

W

88

6V'

66

-

lis

118

Oct 'Oi
Mar'02
103*2 104 14

102
106

BALTIMORE

Pa&N

this day.

66
1

Terminal 5s g 1941. Q-F 125 126
P
A B col tr 4s '21. J- 109 4
Read Co gen 4s 1997.J-.I
Rochester Ry con 5s 1930
1154 117*2 S R E Side 1st 5s g '35 J-P
U Trac Pit gen 5s '97 J-J
97 4 98
Welsbach s f 5s 1930.J-P
73
73%

111% 112

118

3,499 40 Mar 6 45 *8 Sep 3 34*2 J an 41%Peo
13,236 30 Jan 14 40*4 Sep 3 19 Jan 32* 8 Peo
4,069 32 Jan 6 484Augl4 24*4J'ne 37 Jan
1,754 101 4 May28 126 Feb 8 113 Sep 128*2 Jan
24 Jan 31 40*2May29 38 Pec 55 Apr

M

51

95
111
115*4
lOS 3*
13034,

21*oj'ne'ir.

104

103

Gen M 4sg 1920..A&O
109
Ph A Read 2d 5s '33.A-0
Con M7s 1911
J-D 125*2 126
Con M 6s g 1911. ...J D 118 119
Ex Imp M 4s g '47. A-O 109*2
Con M ot '82 4s '37. J-

95
1084 110
125 126
90

97*4

105

99
10412""" 104

WIN
WIN
M-N
M-S
WIN

7,147
8,500
51,181
16,796

Phil Elec gold trust ctfs.
Trust certifs 4s
P A E gen 5 g '20. A-G

26*2
114*2

50
Newark Pass con 5s 1930
14% 14*8 NY Ph & No 1st 4s '39 J-J 1024 104
12*4 12 4
Income 4s 1939. ..M-N
99*8 1004 No Penn 1st 4s '30..
iie"
6

33
23

M-S

550
40
600

PHILADELPHIA

122

si

L08

8l*a
82
33 J'ne'02

82

314
214

P Co lst& col tr 5s'49 M-S

49*8

6*8

118

ills"

FA

220

100
44 Marsden Co
*4 National Asphalt....... 50
9 16
Po pref
50

Ask

98

92

105*4 May'01

J-J

&

I

Westmoreland Coal. ..50

Bid and asked prices

PHILADELPHIA

Pt

126
90 'a

Week

50

:1

11

.1

M-N

prof
50
50 12,676
28 4 Cambria Steel
26 Consol Lake Superior.. 100 5,767
75*4
Po pref
100 1,515
79
Lehigh Coal
50
441
Nav
35*8 Lehigh Valley
50 11,125

833g 84

Choo&Melstos 1949 J-J 117
Ch Ok & G gen 5s '19 J-J 110
Cit St Ry (Indj con 5s '33
Col St Ry 1st con 5s 1932
90

15

Po

8*4
14*8

Che<&PCanlst5s*16J-J

State Steel
Preferred
Easton Con Electric. .50
Electric of America.. .50
Elec Storage Batt
loo
Preferred
100

1

11

123'

'..

102'i,Mar'02

Shares

50
8 Pennsylvania KR
49 4 49 5s IMiiladelp'a Co (Pittsb) 5o
Philadelphia Electric. 25
8*16
9
14=8 14*8 Phila Rapid Transit... 50
14 4
36*a 38*8 36»,6 37*16 Reading
50
44*8 443g
Po 1st pref
44 * 44*1,6
50
383
39*8
Po
2dpret
50
39*a
4 393io
47*2 47 4
47 38 4734 Union Tracton
50
11234 113 B 11234 113*4 United Gas Impt
50
*35
37 WelsbachCo
100

ie 8**16
14*2
14

Betlue Steel 6s 1998. Q-F

Diamond

HestonvMan&

35*2
4*2

Al Val

10
50
American Railways... 50
Bell Telephone
50
Cambria Iron
50
Camden A Trenton
10
Consol Trac Pitts
5o
Preferred
50
Danville Bessemer... 1
Steel

1

"5

125-', J'ly '02

1

Bonds

Inactive Stocks

&

79

85
49 4 49=8

85

37»8 3M3, 6
341&16 379,6
43*3,8 44*8
444 45*8
38*8 39*5,6 39*1,8 40*4
47*8 48
474 47 34
113*4 1134 113 113*8

00

2534
75
79

83*4

84*4
49=8

494

28

28*4
26*4
75*4

364
44
44

36*8

82

t3
8

"8

133*a
106
1

'

1::

1

100
723 62*4 Jan 28
50
30 104 Jan 7
3238 Seaboard Air Line
100 3,260 2334 Jan 24
32
Po prei
100 4,425 44 Apr 2
52
524
100 14% Jan 27
15% 15 B8 United Ry & Electric 50

32*8 32 4
52*4 52%

32 "2 32 4
52*4 52 38
*15*2 15 34

102
102

i

iio"

104

Sales
of

Mig\

101

99 Ja Aug'02
93 An
02', May'02
110>aJ'ne'02
113 Aug'02
105 Aug'02
128
ly'02

93

loo-',

.1

/,o ,0

101

Ilitlli

I

Baltimore
*7334 74*4 Consolidated Gas
74
74
I2434 12434 * 12434 125 4 Northern Central

4 79

36*»

No price

(For Bonds and Inactive

Friday
Sept 5

tt

°B

>H

a
f
o

*

Thursday

74

•

3)

Iron

74

"

ACTIVE STOCKS

•

>

Amer

Wednesday
Sept 3

Boston Bonds.

Since

January 1

ha <

J'ly'02
101

ia

104

Exchanges— Stock Record,

Philadelphia and Baltimore Stock

25

1

109 '4
L14' 4 115
106 107 »4
O'.l'-. 101
L094 111
1091-. 111
100% 10078

J'ly'02

137
137

10OS
1915
1905
1905
1st 6S ....J
1924
Old Colony gold 4s
treg By A Nav eon g 4s. .1946
1922
oreg Sh Line lstg 6s
Repul) Valley 1st s f 6s. ..1919
1902
Rutland 1st 6s
Rutland-Canadian 1st 4sl949
1930
Seattle Elec 1st g 5s
1918
Torrington 1st g 5s
Union Pac RR<te Igrg4s.l947
1911
1st lien conv 4s
1903
Vermont A Mass 5s
West End Street Ry g 5s. .1902
1914
Gold 44s
1916
GoLd debenture 4s
1917
Gold 4s
Western Teleph A Tel 5s. 1932
Wisconsin Cent 1st gen 4sl949
Wisconsiu Valley 1st 7s. .1909

!

s~

tie

132%J'ne*02
Aug'02
114 J'ly'02

OS
92

N Y<fc N Eng 1st 7s

109'.,

100%Mai"02

FrenitElkA-MoVlstGs.Jo:;.;

1

6s
5s

His'.,

110
101 *2

L08

lioi,
110
109 4 J'ly'02

'•

l,

129'- 132
128 34 131 4
Loo
110
109 110'.,

994 Aug'02

99»a
110*4 Sale
109

'«

yO^looi.,

Aug'02

looi-j

109
115
107

L084

1094

110

i3o"

101

LOO

J'ne'02

109

)J

W

104 4
107 4107*«

1USU Apr'02
99 "a
994

192'i

90 4
1043,

102
101

1.;

1

1

85
L02

102 »a 102*?
110 Apr'Ol
104
fne'02
107 4 May' 02
101
101

11

105" 107*2 106

1

104

83 "
56

or
Last Sale

102

I

99% 99%
L04

Hn

//Old

(

43

Week's

Price

Friday

1910 J-J
Son-convert deben 5s... 1913 A-O
la Falls A Sioux C U1 7s.. 10 17 A-O
Kan C llin A Spr 1st 5s... 1025 A-O
ECanC FtS&Gulf 1st 7s.. L90S J-P
Kan 6 Ft Scott A M6S....1928 Wl-N
L93 M-S
Kan CM A B gen4s
Marl 93 Spl
Income 5s
Old Colony Tr Co rects
Kan C A M Ky A Br 1st DS1929 A-O
Kan CSt Jo A C B 1st 7s. .1907 J-J
LR&FtSin Id gr 1st 7s.. .1905 J-J
Maine Cent cons 1st 7s...l912 A-O
1912 A-O
Cons 1st 4s
Marq Hough A Ont 1st 6s. 1925 A-O
Mexican Central cons 4s. .1911 J-J
Jan 1939 J'ly
1st cons inc 3s
Jan 939 J'ly
2d oona ino 3s
5s
1929 J-J
cons
Mich Teleph
Minne Gen Elec con a 5s 1929 JJ
1929 F-A
New EngCot Yarn 5s
New Eng Gas& C 1st 5s.. 1937 J-D
1900 A-o
Teleph
En"'
6s
New
1907 A-O
6S

L38

102

491

Illinois Steel fleben 5s

100
99*e
99»4

81
Aug'02
119', Aug'02
105 4 j'lyo-j

loo
100

1049
Illinois Pivots
Joint bonds See (it Northern
Clue Je Ry A Slk Yds 5s .1915
trust refunding g4sl940
Cb Mil A St P Dub 1) 6s.. 1920
Ch M A St P Wis V div 6S1920
Clue A No Mich 1st gu 5s. 1031
Mich gen 5s
1921
Chic <fc
Concord A Mont cons 4s.. 1020
Conn A- PassR 1st g 4s. ..1943
1927
Current River 1st 5s
1st 4s...l04ti
Pet Gr Rap &
1913
Dominion Coal 1st Gs
Eastern 1st gold 6s
1906
1904
Fitchburg 4s
1927
4s

Registered 4s

9U
99

rb*2"io3%

99 % Jan '02
104 Apr '02
115 *a Aue'01
H8
98

1921

Unstamped 1st Gs
Gt Nor C B & Q coll

60

Low Hiah

on'.

-.

120',

190!

»t 4s

1

A'o
5

1024

102%
I'll

I

w

-Hi a It

Ltite

l

1044 Apr'00

Cent Verm lstg4s..Mayl920
1903
Clue. Burl* Q 1st 7s
1919
Iowa Div 1st 5s
1919
Iowa Div 1st 4s
1913
Debenture 5s
1022
Denver Exteu 4s
s

January

00-,

lift"
96*4

\

ty *995 N
190
1944
L942
Plain 4s
Bost & Mon .'i«l issue 7 s -.. 1904
Boston Terminal 1st 3*aS. 1047
Uo.oton United Gas 1st as. 1939
1939
2<l 5s
1918
Bur A Mo Biv <\ 6s
1918
Non-exempt 0s
1910
Sinking fund 4s
1st
0s...
L917
Boston
Butte A
Cedar Rap A Mo R 1st 7s 191C

Ailjustment g4s....J
Boston* Lowell is
Boston it Maine 4 'as

Since

99% Sale

119

Atdi.v- Nebraska 1st

Nebraska Exteu 4s

)

.

BONDS
BOSTON STOCK KXCH'GE
Week Ending sett 5

Range

or

Last sale

Sept 5

1

BA

Week's

Frtee

*-2

5

7s

J

'

Boston Bond Record

4s.... 90S
Am Bell Telephone
L929
Am Telep & Tel coll ir 4s. 1908
7s..

•Jd

'

6, 1902.]

BONDS
BOSTON STOCK KXCH'GE
Wr.r.K

'

A

B

Av

&

&

A

-

<

UElL&Plst4*2S'29M-N
UnRy&Ellst4s'49 M-S

112 112 *a
126
115 116
52*9
52
42
43
I02 4
121
118
70
SO
45
44
109
114
112
104
121

110
115

121

118
117 4 U8*a

118
115
8S.3

114
112

854
95*4

89

4

113
-Dig

95

*a

704 70 34
J-P
Income 4s 1949
Ya Mid 1st 6s 1906. .MS 105
5th series 5s 1926. M-S
state) 3s new '32. J-J
Fund debt 2-3s 1991. J-J
West C con 6s 1914 J-J

113
118
112
113
96
96
120

A Weld 53..1935.J-J

120

2d series 6s 1911. ..M-S
3d series 6s 1916. .M-S
4th ser 3-4-58 1921.M-S

\ a

N

WesVa dtP 1st 6g'llJ-J 1134
Wil

97

97
114
122

5

J

...

..
.

THE CHRONTDLR.

492

[Vol.

LXXV.

Investment and $Uil*oad Intelligence,

RAILROAD EARNINGS.
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earninas for the latest week cr month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Gross Earnings

ROADS

Week
or

Month

Current

J J revious

year

Year

$

June
Adirondack.. .
Ala Gt Southern. id wk Aug
.

O A iexaiNO A No East.
Ala A Vicksb'g
Vicksb Sh A P.

Ala N

IstwkAug.
1st wk Aug.

IstwkAug.

Ann Wash & Bai June
AtchTop ASFe. July

B& O

Southw.

<

July

June
June

..

July

& Cin

Belief onte Cent'

Bndgt ASaco R.

Butt Attica & Arc
Butt Koch
i.ti- AU<U&t
Buttalo ASusq...
Burl O Rap & No .May

&

Canadian
Caue Belt

.

Pacific

46,912

38,355

34.000
16,000
17,000

29,000
13,000
13.000
40,503
152.397
6,630
4,763,502
214,917
42,963
9.074
751.926
19,325
10,113

I i.e.

151.016
6,656
4.596.708
225,64!)

Bangor A Aroost
Bath & Haiuiuon
Bella Zanca

12.8.87

August

July
Cent'lof Georgia 3d wk

Aug

47.264
18,574
916,496
21,3s4
9,509
5.027,741 4,638,867
140.455 127,337
1,641
1,523
15,038
13,492
4,943
4,332
3,091
2,706
2,704
2,582
636,235 596.750
63,591
62,627
399,700 399.772
3,448,000 3,118,551
13.821
6,637
143,560 126,460
52.410
47.850

Cent'l Now Eug.
Cent'lof N.Jersey July
1,038,917 1,404,737
Central Pacific. May
1,712,012 1,754,871
Obattan South'n. 3,i wk Aug
2,667
1.576
Ohio...
Cheeay A
August... 1,166,743 1,499.278
Chic
Alton Ry. July
806,474 827.65b
Chic Burl & Quiu July
4,620,387 '.480,790

A

A £ Illinois.

August
543,189 525,317
CbijGt Western. August
025.956 73S.941
Chiolnd AL'v... 3d wk Aug
98,421
88,703
Chic Milw A St P July
3.661.393 3,^82,041
Chic& North W*n luly
3,982,051 3,884,652
ChicPeo ASt L.. July
132,313 108.792
Chic K I & Pac... June
3,323,456 2,127.325
Chic

Latest Date.

Current
Year

S

15,324

1 to

Peoria* Fast'

i)

Colorado ASouch
Col Newt) & Fan.
Col Hand A Hock

Cornwall A Leb..
Cuuibeii d Val ej
Den v. A Kio Gr. >
Kio Gr. West. J
Detroit Southern.

Det & Mackinac
Old So »h A Atl..

Erie

Evans v
Evansv

A Indian
A

1'U...
F'rchild&N'r'e'n

Farmv & Fowhat
Ft W ADeuvCiiv

Georgia'

KK

Ga South A Fla..
Gila ValG &, N..
Gr i'ruiik System
Gr Tr. West'n
I>et Gr H AM..
Great North'n —

210.068
88,534
103.664
290,959
83.162
4,596.708
2,929,824

621,169
18,574
8,549.526
269,977
106,523
5,027,741
1,708,934
34,525

3,301.963 2,523,717

157.882

1

155.841
2,679,558
89,226
458.007
417,739

190,628 Mexican South"ti
295,877 MUlen & So'w'n.
Mineral Range..
180,731 Miuneap »fe St E.
83,394 \18t PA S St M.
80,919 Mo Kan A lexa*
Mo Fac A Iron Mi
292.359
Central Branch
66,0-8
Total
4,763,502 Mob Jack & KC.
2,854.151 Mobile A Ohio..r
482,595 Nash Ch A 6t La.
9,074 NaflRy.of Mex
7,915,100 Nev-Cai-Oregon.
235,045 NevadaCeuiral..
93,749 N Y C & Hud Riv
4,638,867 N Y Out A West.
N Y Susq & West
1,449,454 Norfolk A West'n
39,229 Northern Central

.

i'.

July

1

to

Latest Date.

Current
Year

Previous
Year

Current

Previous

Year

Year

S

¥

S

*

17,015
12,641
117,869
97,958
2d wk Aug
2,431
3,890
3,890
2.434
July
51,623
4s,906
48.9o6
51,623
July
621,185
303.672 307.717
605,118
\ugust
935,260
740,915
3d wk Aug 117.513 107,129
1,435,140 1,382,626 2,706,699 2,637.670
August
3,162,198 3,338,377 6,1547.198 6,401,377
August
198,103
303,624
107,103 162,624
August ..
3,269,301 3,501 .001 6,325,301 6,705,001
August
-

Wk.Aug23

31,^18
2,766
3,522
558,272
558.272 506,633
August
735,40s 651,020 1,475,2-^7
652,732 572,235 1,328,868
AUgUSt
14,852
14,852
12.280
July
38,4s0
3.607
3,290
July
6.036.S38 5,940,096 6,036,838
337,845
July
337,845 543,528
129,373
luly
129,373 234,900
August
1,683,541 1,313.866 3,246,379
628,415
628,415 656,615
July
July
3,833,374 3,190,065 3,833,374
60,888
66,585
06,585
July
521,293 466,836 5,073,207
July
9,771,603 (,351,103 9,771,503
Inc.
Inc. 55 1,200
5
July
3d wk Auj: 201,717 19~i,124 1,375.82b
509,601 597.657) 6,823.401
1,052,478 971,278 1,052,478
July
2,171
1,400
luly
2.171
1,825,005 1,644,888 1,825,005
July
326,491 367,798 3,210,005
March.....

July

598,739

706,318

!

8,475,502

22.093
506,633
1,273,994
1,188,896
12,280
32,953
5,940,096
543,528
234.900
2,651,473
656,615
3,190,065
60,888
5,137,545
8,351,103
51,200
1,330.702
6,174,842
971,278
1,400
1,644.888
2,910,210

7,948,369

[

1

•

Kio Grande So... August

3,301,963

157,882

847,236 Rio Gr'de West..
269,534 St Jos AGr I
2,877.751 St Louis & Gulf./l
743,107
2,793,328 St L & San Fran <j
362,917 St L Southwest
935,686 StLVan ATH..
173.203 San Ant& A P...
160,17s San Fran
P..
10,663 Sav Fla <fe West.
279. s70 Seaboard Air L.
83,887 So C A Ga Kxt ...
2,960,700 So Haven & East.
Southern lnd
159.705 So Pacific Co 6...
68,068
Carson & Colo.
499.147
t ctitral Pacific
3,522,(193
Direct Nav. Co.
62,747
Gal il.ir.te S A.
276,115
Gal Hous A No
2,648
GulfW. T. Ail>.
4,:l0
Hous. E. A AM'.
Hous. A Shrev.
2,099,528
Hous ATex en
128,088
104,161
Iberia A- Verm.
.

AN

1

(.

27,<>:>9

Louis'a West...

5,011,3 iO

Morgan's L & 1

447.oos
143,815
2,523,717
55,841
2,679,558
933.680
887.913
5,316,590
3,175,752
11,043
0^0,338
1

3,459.845
159,845
Gull* Ship Island
127.856
1.260,107
Hocking Valley.. August...
519,005
1,044,173
Hous & Tex Cont May
4,812,0*2
359,84s
Illinois Central.. July
3,292,005 3,175,751. 3,292,005
Illinois Southern July
12,157
11,043
12,157
lut A Gt North' ii vu-ust
359,666 358,043
669,943
Interoc (Mex)
lss,<J7o
Wk Auglti 99,300 71,630 601,430
Iowa Central
AUgUSt
195,515 206.012
403,993
383,189
Iron Railway
July
5,319
0,014
6,014
5,319
Kanawha A Mich August
83,915
117,99 1
162,179
5s,567
Kan City South'u
1*2,262
482,262 380,868
380,868
Lehigh Val RR. July
1,382,951 2,110,855 1,382,951 2,110,855
Leh Val Coal Co. July
118,298 1,425,309
118,298 1,425.309
Lexing A as I'n.
39,418
34,218
424,400
357,880
Ixing island. ...
July
Inc. 4 ,920
Inc. 4 ,920
Lou. Heud.<vSt.L.
58,200
53,528
696,065
668,485
Louisv <S Naehv. AU^USt
2,728,610 2,435,640 5,437,854 4,747,030
Macon A Bitm... Jury
9,887
8,587
8.587
9,887
Man'tee & Gr. Kds
8,564
13,637
Mains & No East
26,506
30,091
Mamsti<iu'<
Jury
15,336
12,007
12,007
15,336
Maryland & Peuu
20,622
19,536
179,255
195,232
1656056
Mexican
August
Central
f
1,299.419
1 3,202,858
2.675.724
J
Mexican intern'l. July
527,770 4 51. -•-• J
527,770
451.221
Wk Augl6 108,100 73,700 658,100 522,800
-

Month

...
North'n Pacific.
4,332 Nor Shore iCal)...
4,943
39,662 Pacific Coast Co.
40,780
24.416
25,007 Penn— EastPAE*
1,154,188
1 ,245,322
WestP&E § •
835,748
721,965 Pere Marquette.
4,959,604 4,559,003 Phlla & Frie
6,694,620 5,970,006 Phila Wilm AB..
13.821
6,637 Pine Blf. Ark. R ...
1,104,651
953,796 Pittsb C C A St L
44s*,309
534.035 Pittsb A West'n.
1,038,917 1.404,737 Piant System—
\
18.560.830 17,820.526
Ala Midland.
49.032
15.S07
Bruns A W'n.
2,208,395 2,815,984
Chas A Sav...
806,474
827,658
Sav Fla & W.
4,620,3-7 4,480,790
SilSOc AG..
1,078,929
995.379 Reading Co.—
1,174,749 1,344.239
Phil & Read.... July
687,073
654,094
July
Coal Air Co
3,661,393 3,582.0 11
Tot both Co's.. uly
3,982,051 3,884,652 Rich Fr'ksb & F . May
132.313
108,792 Rio Grande Jet..

:

July
East, of Minn S
Montana Cent' July
Total system. uly

Week
or

$

$

202,216
336,366

895.250
895,250 847,230
144,350 136,587
284,556
89,707
75,378 4,054,742
3d wk Aug 10S.899
799,386
99,251
3d Wk Aug 382,967 399.044 2,688.931
3d wk Aug
49,199
346,434
52,787
August
492,500 471,114 1,006,700
June
11,576
180,596
10,342
2d wk Aug
32,044
28,189
194,337
July
8,588
10.663
8,588
June
25,193
332,849
31,160
July
100,957
100,957
83,8s7
August .. 1,550,400 1,507,500 3,039,300
3d wk Aug
25,73 s
28,496
ISO. too
July
65,467
68,068
05,467
August
263,443 243,519
530,660
July
3,522,693 3,18S,828
August...
34.521
32,381
66,500
August
153,499 152,893
286,254
2,97s
2,648
2,978
July
7, .".37
4,964
7,537
June
221,259 166.91S 2,262,123
156,495 128.088
156,495
115.3-5
115,3s5 104,101
24,389
27,039
24,389
Uigust .. 2,719,303 2,645,340 5,308,725
2d wk Aug
78,871
522, 6 xi
66,647
2d wk Aug
25,505
21,830
138,5

StPMiunAM)

ROADS

Year

Ohio St Pitt AO. July
Chic Term Tr KB August
Choc Okl & Gulf* li li wk Mar

ClnNO&TPac.
CI Gin Ch A StL.

Latest Uross Earnings

Previous

Pacific.

Allegheny Valley June
AuguBt....
Ann Arbor
Atlanta & Lhar..
Atl Knoxv & No.
Atlantic & Bum
Atl Coast Line...
Atl Vaid A West.
Bait A Ann SL..
Bait A Ohio
I

July

.'!,

Mex.& Ariz..
N Y T At Mex ..
N.

Ore son & Calif.
Sonora Ry
So Pac 01 Cal
SoPac. Coast...
So Pac of Ariz..
So Pac of M M
.

.

Tex At NOrl
Southern Railw\\
Terre H At lnd ...
Terre H & Peor..
Texas Central ...

Texas & Pacific.
Tex S V A N W
Tif ton Thorn.

At G.
Tol A Ohio Cent
Tol P & West
Tol St L At
Tor Ham & Butt

W

.

...

1,921.175 2,239.681
256,197 1,892,506
2,177,372 4,132,187
139,960 124,953
45,665
48,825
48,785
47,45S

1,921.175

2,239,681
256,197 1,892,506
2,177,372 4,132,187
1,012,039
960,755
583,647
574,613
106,694
95,074
5,341,154 4,908.081
135,335
82,339
A3 1,205
11,122
231,743
114,596
3.161,873 2.762,785
1,056,371 1,068,917
180.700
173,257
2,362.160 2,486,639
123.727
109,282

449,400
135,335
11,122
15,735
17.227
June
3d wk Aue 478,070] 392,762
529,503 561,062
August
180,700 173.257
July
195,632 189,664
109.282
123.727
July
/706.318 / 598,739 ^8,475,502 /•7,948,368
197,321 209,657 1 .518,849 1,529.117
3 1 wk Aug
256,882
261,959
18,173
May
20.428
7,462
5,994
5,994
7,462
July
65,309
47,270
47,270
65,309
July
6,83 2,856 6,941.974 77,079,008 70,959,651
May
May
15,231
33,760

June

Juiy
July

454.400
82,339
A3 1,205

May
May
May

1,712.012
2.802

May
May
May
May
May
May

1^,004
61,814
16,194
359,848
4,039

1

.754,871 18,560,830 17,820,526
7.251

681,203 6,621,007 6,422,825
24,92s
10,386
839,621
790,373
66.796
174,173
208,478
14,327
417,739 4,812,082 5,316.590

550,949
-3,389

3.20S
147,515 1,781.790 1,541,807
•May
425,335 698,366 6.778,763 7,399,019
26.529
22,603
27,004
343,838
269,857
May
33,77,
May
317,670 262,418
50.J75
May
45,967
May
1,852,136 1,741. 05 2 19,906,757 17,446,260
May
7S.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.
262,018 272,: 161 2,720,550 2,593,731
678,001 5,990,590
August
3,386,585 3,073,845
130,017
1 39,377
139,377 130,017
July
45,301
43.193
45,301
Juiy
43.193
48.980
70,803
8.502
10,464
3d wk Aue
3d wk Aug 164,451 190,732 1,195.566 1,273,852
8,600
8.0OO
9,100
July
9,100
95.228
133,383
9,790
May
13,477
498,774
520,658
August
246,970 248.061
164.634
157.650
26,580
22.130
3d wk Aug
448,103
511,109
280,281 246,113
August
54,185
43,982
8,853
7,664
2d wk Aug
186, i2»

;

1

Union Pac RR )
4,196,141 3,948,692 4,196,141 3,948,692
Oreg RR & N } July
OregSh Line.)
Wabash .......... August... 1,903,704 1,686.378 3,625.235 3,238,718
478,081
517,881
517,881 478,081
W Jersey A Sea'e July
698,710
679,195
August
345,273 314.196
Wheel At LE
5.528
5.444
5.11
5.52S
Wichita Valley... July
114,996
132,127
12.72 s
10,743
Wm'sport&N.Br. June
279,503
White Pats &Y'n IstwkAug.
65,738
Wisconsin Cent.. August
662.000 526,233 1,092.100 1,025.949
10,727
8,198
8,198
10,727
Wrlghtav A T'n..
460,112
410,305
460,112 410,305
Yazoo & Miss. V. Jury
.

1

* Figures from Dec. 1 are for the railroad only.
§ Covers results on lines directly operated.
IMexican currency, alncludes Padueah & Memphis Division from July 1 in both years, t Results on Monterey * Mexican Gulf are
Included from March 1, 190-'. but for no part of laO.. e uovers linos directly operated, incluiln? the Buffalo & Alloy Val. Div.for both years.
Includes the Houston A Texas Central and its subsidiary lines. Earning 01 tuo Uroul veil Steamship Gtno, uot previously reported, are
now also included.
rf Includes St. Paul A Duluth for both years.
c Results on Montgomery Division are Included in both years.
1 These figures are the results on the Ala. Midi.. Bruuswick <sc West., Gharles. A Sav., Sav. Fla. A West'n and Silver Springs Ooala A Gulf.
h From May, 1902,
g These timires tnolude. besides the St. U * s. n\ proper, ttie Kan. City h'C. Soott A Mam. system ami Ft, Worth A It. G.
Includes sundry acquired rjads.
t Including earnings of the Hancock & Calumet, both years.

.

Seftmbmi

6,

..

1111«31

1

...

'1

,

THE CHRONICLE.

1902.1

Totals for Fiscal Year.
In the full-page statement on the preceding page we show
the gross earnings of all roads for the period from July 1,
that being now the beginning of the fiscal year of the great
majority of the roads. There are, however, some roads that
These with their dates are
still have their own fiscal years.
following.
the
in
brought together
I

Latest Gross Earnings.

Period.

ROAI>8.

Ourrent

Prevxous

Tear.

Tear.

$

Jam 1 to June 30
Inc.
14^,436
Allegheny Valley
676,188
645.292
Atlanta <» Charlotte Air Line. Apr. 1 to Jane 30
3i
Jan. 1 to July
33,398
26.830
Bellefonte Central
Jam
1
May
31
to
2,076,712 1,948,417
Burlington Cedar Rap. A No
3'
471.7*4
Jam
1
July
8
to
9,498,^4
Central of New Jersey
Jan. 1 to Aug. 21
69.617
56,099
Chattanooga Southern
1
31
June
to
July
NorthWestern....
7,982,419
7.797,754
Chicago A
Ohloago Rook Island A Pao. Apr. 1 to June 3o
6,306',450 5 671 ",735
Ohio. St. P. Minn. A Omaha. Jam 1 to July 31
2,297,157 1.805,684
Choetaw Oklahoma & Gulf Nov. 1 to Mar. 3
579.2B5
658,8 n
Jam 1 to July 31
Cumberland Valley.....
Jam 1 to June 30 1,119,554 1 ,02<> 829
Ft Worth A Denver City
International A Ot North'n Jam 1 to Aug. 31 2,890.452 3,0.9.745
148.99*
15 4 348
Manistee A North Eastern.. Jam 1 to May 3i
66 591
Jam 1 to July 31
70,840
Manlstlqne
Jam 1 to Aug. 3 13 448,527 11 542.211
Mexloan Centralt
Jam 1 to July 31 8,6 t« 484 3,381,362
Mexican International
8.130,600 2,718.100
Jam 1 to Aug. i
Mexican Railway
325.837
368, *09
Apr. 1 to Aug 14
Mexloan Southern
Jam 1 bo Aug. 31 22,86^,239 22,531,132
Missouri Pacific
3
664.313
901,7bO
1
Aug.
Jam to
Central Branch
Total
Jam 1 to Aug. 31 23.5^3 552 23.432,8^2
Jam 1 to Aug. 3 5,526,316 5,068,283
National RR. of Mexico
Northern Central
Jan. 1 to July 31 4.721.«09 4,607.409
226,364
203,796
North Shore
Apr. 1 to July 31
Pennsylvania, East of P.AE..* Jam 1 to July 31 63,191.379 56,802,57*
Inc.
3 P91,*00
Westof P. AE
.... Jam 1 to July 3
Jam 1 to Aug. 21 6,028 02 * 5.894.370
Pere Marquette
Philadelphia & Erie
Jam 1 to June 30 3.018 420 2.K84.716
8,948,251 8,649,551
Phlla. WUm'g'n A Baltimore. Not. 1 to July 3'
Pitts. Cincln. Cnlo. A St. L... Jan. 1 to July 31 12,664.3*9 11,395.945
308,487
300,191
Deo. 1 to Jane 30
Rio Grande J unction
St. L. Vandaua A Terre H...
Nov. 1 to July 31 l,59o.678 1,4*2,407
36,157
30,516
South Haven A Eastern
Tarn 1 to July 3
Terre Haute A Indianapolis.. Nov. 1 to July Si 1,259 691 1,146.075
31
393
135
404.275
Terre Haute A Peoria
Nov. 1 to July
Texas A Paciiio
Jam 1 to Aug. :<1 6.694.376 7,< 38,313
West Jersey A Seashore
Jam 1 to July 31 2,095.533 1,970,733
34,286
Wichita Valley
38.557
Jam 1 to July 31
* These figures lnolude the Buffalo A Allegheny Valley Division In
both years, t The operations of the Monterey A Mexloan Gulf are
included from March 1. 1902.
.

<-

Latest Gross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the latest
week.
The table covers the fourth week of August and
shows 8*41 percent increase in the aggregate over the same

week

last year.

4/ A teeek of

August.

1»02.

9
52,187

A

Buffalo Rooh.
Plttsb'g
tdi an Paoltio

Can

A Ohio
Ghioaxo <s East. Illinois
Chloago Great Western
Chic. Term. Transfer
Colorado A Southern
Denver A Rio Grande
Duluth So. Snore A Atl..
Evansv. A Indianapolis
Evans? A Terre Haate

Chesapeake

.

Grand Trunk
Grand Trunk West

2U,62>
1,113.000

895,70
178.070
208.114
47,29
126,«95
•491.400
83.6i9

>

. .

Michigan..

Louisville A Nashville
Mexican Central.

..

Minneapolis A St. Louis
Mo. Kansas A Texas.....
Mo. Pacific A Iron Mt..
.

Nashv.Cbar A 8t Loals

National RR of Mexloo.
Norfolk A Western
Rio Grande sour hern..
St. Loots Southwestern.

Toledo

St. L.

Wabash
Wheeling

A

Decrease.

$

1,758
19,122

•*•

•

114,000
68,385
2,964

......••

49,23 J
2.86.'

9,21.

*5 32.l0f

37,700

82.229

1,390

11,221

10,311

53,360

49,707

3,653

900,240

893,666

6.574

149,584
145,425

118.743
138,670
71,3630,41)
818,930
43 1.8 J
109,0^6

30,841
6,755

20,70*
873,610
569,854
99,-791

510,36<
1,2 3,000
3* ,000
235.771*

490,61?'
1,262,01

201,888
575,331
13,390
158,568
1,1 18, 394

191,39.5

1

280.43'

* Ohio

$

910

5r>,H07

(Vttado

•
50,434
192,^00
999,000
464,04b
175,106
257,34
44.433
117.483

Increase.

central.

A West

T-akeETle..

82,337
89,893
631,780
116.917
200,000

58.000
219,295
49^.107
15,317
183,63^
1,033,234

316.9*1
88.25 <
78.549
569.301
110,9-0
187,777

11,256.471 10,88 i.8oa

Net Increase (341 p. o.)
* lnoiuaiij(« Kio Grande Western.

•

49.000
20.000
>

>•

•
-

1.927

25.067
85,160
36.555
5,915
11.344

62,479
5,9 .'7

12.223

328,250

For the third week of August our final statement oovers 53
and shows 7 54 per cent iaorease In the aggregate
over the same week last year.
roads,

3d

\oetk of

August

Previously rep'd <48r*ds)
Alabama Gt. Southern..
Cln. N. O. A Texas Pao..

Interooeamo iMei.),...

Net lnorease (7-54

p.o.)..

1902.

1901.

Increase.

$

$

9,084,509
46,912
108.899
99,300
103,100
197,321

8,476.288
38.35S
99.25
71,630
73.700
209.657

832,572
8,357
9,648
27,670
34,400

9,645,041

8,968,881

912,847
676.160

9

Increase.

$
9
?rosB earnings (33 roads) 31 810 413 10.0«9,150

be seen that there

It will

amount

the

is

Per Cent.

9
1.241,2631

413

a gain on the roads reporting in

of $1,241,263, or 4'13 per cent.

Net Earnings Monthly to Latest Dates.— The table f ollowng shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, inoluding all
oads from whioh monthly returns can be obtained, is given
moe a month in these columns, and the latest statement of
his kind will be found in the Chronicle of August 23,
1902.
The next will appear in the issue of Sept. 20, 1902.
Gross Karninqs.——,
A et k arntnas.——.

—

,

Ourrent Previous
Previous
Tear,
Tear.
Tear.
9
9
9
6,637
4,135
2,818
301.340
1,346,706
517,358
30",961
8J6.474
827.658
318,059
4,620.387 4,480,790 1,799,849 1,719.052
99.544
548.793
605,298
162,376
3,661,393 3,582,041 1,381.035 1,357,288
1,038.917 1,404,737
186,225
651,838
8,4 71,754 9,498,354 2,638,340 4,047,749
514.200
464.572
115,930
114,109
1,569,037 1,596,193
367,676
477,483
201,783
204,555
47,753
48,174
8.588
10,663
1,523
5,531
65,467
20,184
68.063
15,840
267,217
255,628
115,540
110.809
3.188,828 3,522,693
890,577 1,152,168
2.978
2,648
1,507
763
23,603
21,663
12,719
12,362
223
7,537
4,964
def.768
24,389
27,039
13,877
15,657
115,385
104,161
32,636
30,112
5,319
6.014
591
2,385
59,427
78,264 def.5,115
12,764
482,262
114,205
380,868
86,371
Inc. 4,920
Do. 70,496
58,200
15,035
53,528
14,340
696,065
668,485 rl80,295 1-198,282
2,709,244 2,311,390
804,559
546,989
Ourrent

Roads.

Cane Belt

July
Ohio. a July
A Alton. a.July
Ohio. Burl. A Quln.b July
ihlo. Gt.West'n.b July
Ohio. M. A St.P.a. July
iJent. of N.Jersev. a.July
Jam 1 to July 31 ...
Color'do A South, b. July

C^esap.
Ohleago

A

01.01n.Ohlo.<!i!St.L.aJuly

PeorlaAEas , n.a..July
July
Cornwall. a
Detroit A Maok'c.a July
Dul.So.Sh.AAtl.b.July
Erle.a
Fairchtld

Jam

July

A N. East July

1 to

July 3<

....

Farmv.APowh't'naJuly
GilaVal.GlobeAN...July
Ga. South. A Fla.a.July
ron Rail way. b... July
Kanawha & Mioh.a July
Kan. Olty South. a.. July
<»ng Island
July
on.

Hen.

A st

L..

July 1 to June

June

3.-

Tear.
9
13,821
1,041.652

oulsv. A Naahv.b.July
Manhattan Elevated b—
Apr. 1 to Jane 30.... 2,857,249 2,499,207 1.4=6.143 1,171.521
Jam 1 to June 30 ... 5,735,435 5,001,250 2,931,00 L 2,325,428

15,336
July
12,007
10.336
3.374
July 31....
66,591
70,840
36,788
34.259
Mexican Centra ...July 1,546,802 1,376.305
348.8P0
318.533
Jam lto July 8i... .11,792,471 10,242.792 3,531,672 2,874,522
Mineral Range. b... July
48,906
51,623
7,466
9.410
592,278
445,919
M.St. P. A 8. B.M.b.July
275,806
203,862
718,904
Nat'lRR of Mex....June
659,959
241.535
208,780
4,286.933 3,926,477 1,345,945 1,306.847
Jam lto June 30
Wash Ch.ABt..L.b..July n739,819 n622,974 n247,539 nl77,162
337,845
543,528
N. 7. Ont. A West.a July
37,966
182,687
N. Y.Sus. AWest.a.July
129,373
234,900
38,695
126,182
Norfolk A West'n.a. July 1,562,837 1,337,607
633,267
545,285
628,415
656,615
N .rthern Central. b July
167,432
182,532
Jam lto July 31.... 4,721,009 4,607,409 1,294,316 1,224,116
Manlstlqne. b

Jam

1 to

8.351.103 3,636,137 2,899.337
July 31
64,191,379 56,802,579 21,277,594 18.e04,394
West of Pitts. A E.July
Ino.
551,200
Ino.
216,600
Inc. 3,831,000
Inc. 1,155,400
Jam 1 to July 3i
808.108
776.315
204 207
Pere Marqnette.a..July
188.111
5,460.310 5,039,983 1,291,607 1,146,777
Jam 1 to July 3l
-hll.wiim.A R*ii.bJuly 1,052,47 8
971.278
857,034
304.734
Nov. 1 to July 81.... 8,848,251 8,649,551 2,724,893 2.589.993
Pine Blufl A Ark. R. July
2,171
1,400
686
def.186
j

Jam

l to

—

9,305

699,-3'
371,588

1901.

<

54.680
138,031

16,484
10.495
83,224

1902.

Month of August.

<lnes d lreotly o per ated
9,771,503
j "last of Pitts. AE. July

... ••••

15,458
9,708

19,745

For the month of August 33 roads (all that have fur"
aished statements for the full month as yet) show as follows:

Pennsylvania—

i

Det. Gr. Hav. A Milw. >
Hooking Valley..........
Intern'l A Gt. Northern.

Kanawha A

1901

493

Decrease.

9
221,351

12,336

236,687

Heading

Company—

A Read'g. b. July
Coal A Iron Co. b. July

2,239,681
758,006
603,808
256.197 1.&92.506 df.258.767 df.24,042
Total both Co.'s.bjuly 2.177,372 4,132,187
245,041
733,964
Reading Co. b
July
118,902
82,334
Total all Comp'B.Mulj863,943
816,293
45.6S5
Rlo Grande Junot.. June
48.825
f 14,647
f 13,699
3U8.487
Deo. 1 to June 3u ..
300,191
f 90,057
f 92,546
Slo Grande South, t July
23,109
57,909
47,616
83,232
S Jos.AGd. Isl.a.July
135,335
82.339
11,579
52,491
706,318
218,908
149,498
8av Fla. A West, b June
598,739
July 1 to June 3u ... 8,475,505 7,943,368 2,752,578 2,466,161
Toledo A O. Cent.a. July
250,713
74,002
74,334
273,679
o ion Pao.Syst'ma. July
4,196,141 3,948,692 2,099,( 85 1,897,718
423,063
Wabash. b
47^,021
July 1,721,531 1,552,340
173.362
199,162
*.Je sey ASeash.l July
478.0
517,881
462,391
490,094
Jam 1 to July 3
2,09^,533 1.97u,73i
80,396
Wheel. A L. Erie. b. July
78,511
284,214
333,922
3,359
3,4 <6
Wichita Valley.a.... July
5.528
5.444
19,824
15,631
Jam 1 to July 31
38.557
34,286
Phlla.

1,921.175

U

a Net earnings here (riven are after deducting taxes.
h Vet mtrnintrs neretiven are before deducting taxes.
f Thirty per cent of cross earnings.
j These figures include results on the Buffalo A Allegheny Valley
Division in both years.
Includes rmluoah A Memphis Division from July 1 in both years.
Rxpenees for July include $30,283 paid for lmpro.euienta on this
division.
r Alter deducting $37,942 for improvements in 1 -03 and $42,766 in
1901, the surplus for the tlsoal years Is $142,35 J and $156,616 respectively.

—

»

1

THE CHKONIOLR

494

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the 'ore
going, also report oharges for interest, &c, with the surplt s
above or deficit below those charges.
-Int., rental; ««.—-» >-Bal. of Net Sam's,
Current

Previou*
Previou

Current

Tear.

Tear.

Fear.
9

Roads
Ohlc.Burl.A Qulncy July
Olev.Cin.Ch.&Bt.L July
Peoria AEast... July
Dal. 80. 8h.

& Atl...July

Kanawha As Mich. July
Man bat tan Elevated—
Apr. 1 to June 30
Jan. 1 to June 30

813,000
229,033
33,6b8
80.4S3
12,339
655,849

July

1,314,185
8,197

Jfaohv. Chat.& Bt.L. July
Norfolk A West'n....July

151,187
209,713

Pine Blufl Ark. K... July

483

Mineral Range

Previout
Tear.

808,524
986,849
234,435
138,643
33,688
14,065
79.812
35.057
10,762 df.*16,784

910,528
243 048
14,486
30.497
*2,S92

*911,582
647,568
"765,124
1,300,925 '1,853,041 "1,465,961
*1,022
8,442
*def.563
152.M0
96,352
24,652
192,161
423,554
353,124
482
203
def.668

Reading—
July

All companies

881,000

BloG"andeJunct'n June
Deo. 1 to June 30 ...
Bio Grande South. July

& Gr. Isl'd
Xoledo & Ohio Cen
St. Tob.

.

.

July

.July

Valley. ..July
Jan. 1 to July 31....

WlchP a

7,708
53.958
19,033
11.667
38,975
3,204
14,739

862,000 df.517,057
7,^08
5,991
53,959
38,587
17,683
14,199
8,750
def.88
*35,796
38,199
1,922
232
13,457
892

df.45,702
6,939

36,«99
5,426
43,741
•36,8^9
1,437
6,167

STREET HAILWAY8 AND TRACTION COMPANIES.
The following table shows the grosn earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of trie
table is the same as that for the steam roads that is, tbi
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earning
for the calendar year from January 1 to and including suob

Street Kailwaj Wet Earnings.—The following table gives
and net earnings received
this week.
In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads—that is, we print eaoh week all the returns received
that week, but once a month (on the third or the fourth
Saturday), we bring together all the roads furnishing returns, and the latest statement of this kind will be found
In the Chronicle of August 23, 1902.
The next will appea*
n the issue of Sept. 20, 1902,
the returns of Street railway gross

.

„
Roads.
Brooklyn Rap. Tr a July
Jan. 1 to July 31
Detroit & Port Huron
Sh"re Lliiea.
July
Jan. 1 to July 3i
Oaki'd Trans. Cons. July
Jan. 1 to July si....
Venar go Power & Traction
July
_,

Latest Cross Earnings.

Week or Mo

Earnings.

9

89 65<3 39r
22,480

37°8
J3 26-

July

.

Tear.

Tear.

Tear.

9
678 128

9

26.4 '2

1.7 779

493,010
20,"»7
113,168

1

.

1

H

Nashville

Ry

11,31>-

2,15:
2,587

81,1.

1,896
2.001
66,01
1.666
66,89r

72 94

N)W UiuUuu

10952

luiy
HI Kj
Northern < »hloTr»nt July
Northwestern Elev.. "ily.
Oakland Iran-. Cons July

86,97

->*.2t><

7(1.374

70.483

Kailwav ..
Orange Co Traction

6,569
10.(2

5,954
lo,93

Ole&n

St.

June
Paoltto Eleotrio
Philadelphia UO.J.... July
Potts v'e Union Trao

3 8. OH
1,111,338

July

1 ,004
if

1

„

400 61*

356 69b

39,u9.

87.lf>3

400.067
662.3 >.«
527,860

335 865

2->,626

23.752

578.67 9

42312

61.27' 7,961 804 7,024,409
19,122
93,197
94,72..

luly

31,471-

27,436

July

l,64fc

l,65r-

Sacramento
Gas <fe Ry

147,540
12.0,0

119,167
11,478

Eleotri<

Louis Transit...
Sioux (^Ity Traction.
Sonth Side Elevated
Tol.Bowl Ur.&Bo.Tr.
Toledo Rys A Light
Toronto Railway
Twin City Rap. Tran
Onion (N Bedford'
8t.

.

July
July
'u y
Juiy
July
July
august

..

4ihwkAug
uue

of Ind.. July
United IractioL—
July
Albany City S
May
TTnlted Traot 'Prov
Ven'go Pow. & Tr.co July
Wash Alex. A Ml.

Union Trao.

,

Vernon Ry

34,2*4
36,61
256 08b 238,099
676,178 i05,723 3,589 761 1.292,360
24 37r 21.553
187.71b
117,463
lo9.63}< 98.S3
822.00;
767,790
22,5 1 1
16,926
X02.77*
131 49k 2l Oik
7199*0
I6r>,16
15 ,4S. 1,145.212 1,047,902
108.O56 9l,3J0 --,32 s: 3 2,029.405
30 71. 2^ 34.i
14o,o
118.501
6,182 67,702
139,679 33 90.1
863.969 758,319
267 435 321,54 1,109,78.
989,296
25,5*5 14.511
• >••..!
fc

1

1

17,313

15,457

for properties owned.
J Results now Include tue Pittsburg Railway Co., operating the Consolidate' Traction and all the other controlled properties in Pittsburg.
* Traffic extraordinarily heavy In 1901 by reason of Pan American
4

These are results

•

Exposition in Buffalo.

.

Tear.

$
$
528,264
445,266
2,344,587 2,339,926

43.759
181,408
70,483

19,013
90,682
31.945
203.298

14,511

8,232

24,289

23,777

—

Venango Power

Previoui
Tear.

Tear.

.

s

&

tion

Current

Previous

Tear.

S

Tear.

9

8

Trac-

July

4,166

4,066

ANNUAL REPORTS.
Annual Reports.—The following is an index to all annual
reports of ste*in 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.

Raii.hoads. Etc —
Page
American Agrlc. Chemical
440
Ann Arbor ..
39l
Assoc ated Merchants' (report for
440
340

ualf-»eiiP|

Boston 4 Maine
Buffalo

KocheMerA

Pitts

840, 34>i

KuOnlo & SuusqiiehaDiia
Buttericfc Co.
tllc.ai rtatement).
CH)uiiiei& Heel* Mining
Cnadian PaciHc
Centra' Foundry
Ceitrnl Coal & «i keCo ..
( ennal of Ueoryla
..
Chicago Burin Kton & O'lincy

Mil
238

1

2.18

SiO
84u
18!

4«9
340
Ch aeo & Ertstern Illinois
i9
Chicayo * Nortli Western ...438, 414
Cleve. Cln. nte. a sst l.ou S..1TO.. 464
Del Mack & Marq. HK. land trrant
i

<

nn-r
statement lb.'tf to ln02)...
Krie UR
Gila Valley Globe 4 Northern...
lniernati'inul 1'apnr
Louisville & Nashvlde

IR2

.

On

Railroads. Etc.— toon.)—
& Texas
Montreal Lijjht Ueat a Power

Poo*.

Mifsouri Kansas

892

831
Nashviiie Cnatt. <s rtt. I.' oin.
287
Nut. Asphalt Co of America state- u
men! for y^ars 1900and lWW
188
Nat. Enameliue & Stamping
341
New England Cotlvu Urn.
841
New Vork ontaiio & Western
440
NorfoU & Western
287
Nova Scotia Steel i Coal
392
Oregon Shirt Line i»t>s tract of 4
p. c a d partici attngrold mort.) 243
...

Page Woven Wire Pence (statement April 1, l»0<i)
288

Peoria & Eastern
KepuDlIC Iron & Steel
St. l.ouls it *an Kran«is«o
Southern In ianu
Southern Ry.

489
2S8
288
837
438, 447

39.'

840
4tu
339

.

8TRBKT RAILWAT8—

Chicago Union Traction Co
New York & yueens C«...

188
892

Norfolk & Western Railway.
(Report for the year ending June SO. 1902.)
pages 501 to 5 15 will be found the report of Mr. F.

J.

Kimball, President, arid also detailed tables of earnings,
oprratiots, balance sheets, etc. Below we publish a comparison for several years.
OPEBATIOH8, EABNINOB, EXPENSES, ETC.
1901-02.
1S00-01.
189900.
Miles oper June 30..

Bailways Co.Gen.—
Light Go's

25,595

Roads.

Musk. Tr.A Light. Co.
13,993

78,374
527,860

Tear.

Qurrent Previous

luiy
2. 3.761 7.489,179 7, 16 7,Oo2
Br*klvn Rt*p Tt On
1,236,400
6,ic4
b,y*;
Borlingt'n (Vt.) Trao July
••••.•a.
..
Charleston Cons. Ry.
48,06
43,013
Gas & Eleo
Ohi«»go A Mil. Elee July
23,591 23 4 5H
102.630
88,919
Inly
50.317 41.572
Oin. Dayton &Tol. Tr
77,877 76,621
Oln.Newp. ACov.Ry July
500,037 461,258
Citizens Ky. & Light
7,«5r
(Muscatine, Iowa) July
6,963
45,290
40,*05
luiy
3,65v
24,4 3b
3 87:24 137
City Eleo. (Rouie.Ga.
231 629 210,329 1.407,643 I,2r3 463
July.
Cleveland Electric
24,2266 934 13 2.-i4
28 54
Oleve. Ely & West... July
July
22,6*S 19.142
102,206
Cleve. Pains v. & £.
81. -94
5<!,9-<0
11 80
11 26V
Dart.& W'port St.Ry June
49,494
uiwk Aug. 73,6oO 61,945 2,135,769 1,864.419
Detroit United
...
Detroit & Port uron
•d wk Aug.
11,260
9.45
Shore Line
262,< 00
209,805
Dnlnth-Sup. Tract. < July
52,362 45,98
297.769
254,321
Dulnth St. Ry
<
40.47
36,454
Elgin Aurora & Sou July
226.92b
204.102
17,734 10,56k
Gal veston City
66, 14
41,021
i07,716
90 284
Georgia Ry. <b Eleot May
601.110 41641b
46,751 4 1 1«>
Harrlsbnri{ Traonoi •luiy
260 07v 215,247
266,Or>5 '393 684 1,501,034 * 1,615 958
litem" Ry. Bnffalo
42,936 33,2..
Lake Shore Eleo. Ry
19».4i2
147,844
July
7,171
13,397
Lienign Traction.
60,65:.
73 076
68i,352
115,9»t 87,522
Los Angeles Rail way
517,638
8.76.......
Mad. (Wis.) Traction July
46,216
589.31* 577,3 (^ 2 635.50. 2,499.601
Maxs. Eleo. Oo.'s
151,7»D 122,92" 1.089,402
Met. West 81de Elev.. July
968,391
Milwaukee Eleo Ry
July
237,37t 239 Oi: 1,512,005 1,3*2,807
& Ligut Co
l»8,65t i78,180 .,164,607 1,077.676
Mom r*u»l nrrn«t H
July
Street Rv D«i>an.. July
El«otrlc Llgh Dep July
6»h l>epartuieni

44,699

Current

Ian. 1 to Latest Date.

Prev'ut
Tear.

$
119,870

American R'vs. Co. 4 July
Athens Electric By.. July

Bingham ton hR.

Our'nt

Tear.
Tear.
S
$
1,236.400 1,203,761
7,489.179 7,167,002

23«-,167

Net Earnings.
Current Prevtout

,,

Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
he foregoing, also report oharges for interest, &o., with the
•urplus or deficit above or below those oharges.
lnt.,rentals ,ete.
*-Bal. ofNtt Barn's.-.

week or month,
STREET RAH-WAYfl AND TRArfTTON OOMPANTE8.
Gross

Gross Earnings.
Current
Previous

.

—

latest

LXXV.

[Vol.

Equipment —
Loo 'Ui lives

1,567

1,555

502

471

444
236

437

2.49

19,6*6

18,656

17,207

502
13

449
12

446
12

Passenxer oars
248
Freight earr*
21,009
Main, of way, <&c., cars
521
Tuge and barges
7
Operation*—
PaH-engeiKcarri d... 2.630 615
mile 101,27-^,087
Pace, oanied
Kate per pass per iu. 2 35u ots
Ions freight carried 12,*68,100

Tons
Rate

Av

freight oar. 1 in. *3, lis 1,9 11
per ton per ni.. o 463 ots.

rev.tr loart(t"US)

476

Earns, perfrg tr. in..
Earns, per push, tr in.
Gross earnr.. per mile

$22028
$Tl5lO

Earnings

-

P<t-senger
Freight

Mail

Express
MinC Humous

1898-99.
1,551

1,685

i 0,466

$
2 379.476

2.250,375
2,117,184
85.961.034 7*,8i«,»85
2-381 Ots.
2-327 ct8.
10.836,512 10,' 8 ••.221
*V,8o4,3
"^,732,536
461 ots.
0'43octs.

461
$212*i8
$1-1293
$10,119

$

435
$1-8711
1025
$1
$9,079

$

238

1,808 050
71,393,098
li-^53 ots.
8, 37.739
t=

'2,456,096

397

ots.

384
$1 S250

$0 9496
$7,602

$

2 0*6,455

1,B57.'05

l.fi08,414

13,214,164
u 9,»25
l
2i 4,963
222,646
l20,o-6
139,580

11,75.<,062

113 645

9.749,094
199.573
156,250
113,807

14,;ia4.281
216, 23

l9J,6a6
l«7,vs«7

Total
17,552,206
Expt nses—
way.
Maiut of
&c. .. 2,131.048
Ma lit. of equipment. 2,334,586
Conducting transp'n. 4,853,109

15,785,442

14,091,005

11,827.138

1,975,393

1,558,803
2.034.3S3

_8^494

728,481

10,1c 6,227
(57-75)

9,445,459
(59-84)

(60-33)

7,416,979

6,339,983

5,589,909

^:^:::.:::::::::^
Total
P. 0. exp. to earns...

Net earnings
*

Three ciphers (000) omitted.

2,324.2,26
4,417,3=>9

\

309.807

1,536,633
1,828,726
3 920.2H1
^97,596

I

i*87,»28

355,8.-6

8,501,096

7,939,102

4,210, 74

(67-12)

3,888,086

—
September

J

THE CHRONICLE.

6, 1902.]

189900.

1898-99.
...$7,415,979 $6,339,983 $3,58 ',909 $3,838,036
73.562
23,364
74,!-94
68.617

$7,490,873

$6,408,600

$5,663,471

$3,911,400

Interest on bonds.. ..$2,432,402
5,376
Int. oq oar trusts...
Deficit In Int. on Poo.
161,230
Coal & Coke bonds.

$2,238,480
11,238

$2,257,239
16,400

$2,219,577

Total

495
OENEBAL BALANCE SHEET JUNE

INCOME ACCOUNT.
1901-02.
190001.

Net earnings
Other lnoome

J

9

30.

1P01.

1900.
$
$
Assets—
71,625,223 7>, 2-7.669 71,007.762
Franchl-es and property
7,169,5t>7
Investment* in other oompanles.. 12, 8.•(».«< 8 13,096.617
266,' 22
194 .007
530.110
Cash at bankers
45«,it>9
on band
381.789
4 1,563
8tores. fuel, eto
818.508
1,439 671
Sundry accounts due company... 1, 158,608
510,298
141,534
4«",488
Tiafflo accounts due. com any
138,972
120,700
914,245
Loan- and bills receivable
164,895
252.271
D5.790
Accrued lnteieet
5.' 00
4,000
5,000
Miscellaneous
482.000
trusts)
456,000
Cars under lease (oar
1902.

,

i

^,i37

........

Dividends on pref... .(4)910.014 (4) 909.9<:4
Dividends on ooui.. (2) 1.289 384 (1)644,692
1,500,000
2,500.000
Betterment fund
250,000
Flood fund
Dlsoount on bonds
sold, branoh lines

909. 743

(4)

(4)

90P.588

Liabilities

and spurs and
Roanoke Hospital,

stock
Preferred stook

7,444

....$7,308,797 $5,586,570 $5,155,533
$822,030
....
$182,076
$507,938

Total.
8nrplU8.
.

GENEBAL BALANCE SHEET JUNE

$3,158,746
$752,654

1901.

1900.

$

$

Cost of mad and equipment... 140.463. 164 138,984,600 136,695,016
2.120,428
Cost o- Cln P. & Ta
1,500.000
Equipnienr trust
oeourlties
In
treas'y
2,705,050
1,797,750
2,707,100
Oonitaoy
Investments in oik companies 1,494,985
2,411,782
338,103
Aoeounts receivable
344,137
244/03
Station ag-nts
310.407
30« 364
217,1 17
Trafflo b»ianoes
175,225
54,151
49.954
4*\927
U. 8. Government.
3r<3,660
Individuals and companies.
283,9 2
324,331
l.O^M.OS?
1,26^,632
Materials and supplies
1,382,782

1,758,520

1,966,714

"6*6,378

139.186

12,921

Miscellaneous.

151,208,949

Total assets

147,871,260

Total

liabilities

23.000,000
66,000,000
5i,0«9 500
184,000
601,396

23.000.000
66,000.000
49,099,' Oo

293000

602,258

483,797
439.823
t0.775
56 947

579.f>55

3,410.232
2,815,546

1,500,000
1,811,441

151,208,949

147,871,260

144,088,791

Ontario

& Western

Railway.

IfReport for the year ending June

The remirks
found

Tne

in f nil
traffic

piled for tne

of Mr.

Thomas

on page 505.
and earnings

Chronicle

SO, 1908,

P. Fowler, President, will be

statistics, etc.,

have been com-

as follows:

Miles operated. _.

480

1900-01.

480

1899-00.

480

1898-99.

480

Operations—
Pas-i. carried. So...
Pans carr ed 1 ax..

1,388,0'49

1.312,572
46.633,528

1,213.791
1,064.441
4 '4, '15,289
44,174.570 40, 61.43 6
Rate per pa-s p. m.
CCS.
183lots
1-783 ots.
1748 ots.
Freight oar'd tons.,
3,6 2.*87
3, 503,503
3,416.«0*
2,935,4 16
Fr'gbt 'on*) l mile 541.789,449 516.135.284 486 442.640 440.4 3.V7
Rate p r ion perm
804 ots.
827 ots.
0-7-6 cts.
0816 ots.
Av. tr'n load Cos-).
2*5
290
2H7
276
Earn per frutt'n in
$2-12
$2 05
$204
$ -8«9
Earn, pcrpasstr.ui 93-66. cts. 91156 ots.
86-412 ota. 79'62«t eta.
Gross earn, per m . $11,357
$11,079
$10,331
$9,016

W5

Eearnings—
Pa*sen«er
Freight
Mati.exp .renta.eto.
Miaoelianeous
.

Total

$

Total
P. o. exp to earns.
Net earnings

85=1.201

78 ,899

4,353,186

3,970,a4

127.!St3

4,2-9.307
121.635

78 540

76,e»9l

117,623
87,847

8,46 i, 3111,079
6i,681

5,456,696

5,322,884

4,963,483

4,346,164

2.046278
686 724
7*9,915

1,«23,742
6<2,'6l

1,677.704
513.578
51 1,5*2

145,421
138,797

637.747
135.478
135.289

3.777,137

3.414.9 7

Net earnings.......
Interest eto
..
Total

LHsbursements
Internet
Int.

<>u

746 946
894,334
1.6,181
141,458
4.157.7-14

onn<l*..

Rentals
Total
Balanoe, surplus...

133.047
134.249

(76-1 <)

(70-96)

(68-80)

2,970. '10
(68 42)

1,515,747

1,548,566

l,37o,054

$

$
1,545,747

432,0'
5,Or 9,400

4 152,512

87,226,750

81,728,093

190O
1899
8*8
1897

183,36<»,846

i

184,7ud,636
187.61 ,985

lt-96

1895
T>-94

202,751.532
221,407,197
213,692,745

1893
1892

182,964.351

The

have b°en a9

results for four years
1901-02.

beHw

given:

1910-01.

189P-00.

1898-99

Gross earnings. ....10.665,911
Operating expenses 5,518,585

9,416,888
5,253,230

9.13».573
5,*32.r>20

8,719,495
5,261,167

Net earnings.... 5,147,326

4,163,658

625,800

« .16,364

3,905,9-3
831,325

3,458,329
340,600

5,7';3.126

5,000,042
2,67 7,706

4.737.278
2,707,765

2,678,417

Other income
Total

Fixed charges.
Balanoe...
Dividends
.

2,6d9,67l

3.073.455
2,322.335
2,029,513
1,120,511
.(4)1.920,000 (4)1,920.000 (4)1,9.0,000 (1)1,:-80.000
,..

aur. 1,153,455

Result

3,-798,929

eur.402,335

aur. 109,5 13

GENERAL BALANCE SHEET JUNE

def.259,488

30.

11-02
19H0.
1901.
$76,826,427 $68.43^.893 $64,56 .728
C.>-tof leasee
14.O14.CO0
14,014,000
14,014,000
Cher perm, invest's, real ect. 3,^39,864
8,2*8,3.8
3,18 ,365
8u(<p lex on hand eto
56t>,919
34^,908
257,246
Di?e ou account of trafflo
15,583
9,703
14,023
Oiher accounts
44 208
225,015
12,492
Cai-h on haurt
lr.0,697
221,847
173,506
Loana on collateral
9,6' 4 4 16
3,763,522
12,461,516
Jay uould auretvxhlp
300,000
300,000
Redemption of bonds
4,5^2
9.C00
122,000
Sundries
2.9,062
26,613
240,5o7

Assets—

Road and equipment

Total aaaets
Liabilities

$98,726,5fe0

—

Capital srock

$96,602,594 $95,331,440

$48,000,000 $47,999,700
39,554,000
oOO.OOO

$47.99 r»,700
39,665,000

362,7d9
27,358
4 57,452

292,709

Dividend* unpaid
Wates, suppl e«. eto

7,358
1,077,778
3,377.301
68,260
42,035
56.349
6,259,7j0

Taxes In litigation
Opou accounts
Conv. bond oertldoates
puorirlee
Profit and loss (sur.)

Total liabilities
75, p. 342, 135.

,

—V.

.$98,726,580

30

>,000

7,358

401,875
1,945,558

2,66 ,911

53.118
42,o35
36.048
5,106.273

34,098
4,571,2»8

$96,602,594

$95,331,440

American Hide & Leather Co.
fi cat year enavng June SO,
Presiiifm Th mas
Bull pays
( Report for the

W
The directors submit herewith statement of

o9.>-67

4

4

035

1902. J

:

accounts for the fiscal
year ending June 30, 1902, In which, for the better information of the
xtockholiiers. ths accounts of the company and its subslnlary oompanles have been consolidated. The aodiunts have been audited, as
heretofore, by Meswrs. Jones. Ciesar & Co. During the year $ 50,000
of the company'1 bonds have been purchased for t -e siuhl'g >und at a
cost of $1i2,2d7
There have also been acquired by iho trustee out of
accumulates lute'est <n iionfls lu 'he fund $a, 000 or bo >d« at aoostof
83
luolu
Hng cash and accrued Interest, the lund now amounts
*8
to $325,2oh, as compared wlh $157,500 at Juno -to. 19Ji boiug an
increase of $167. 7on. whioh has b>-eii charged to prodc
loss.
In
view of this charge the directors have d«euied oth«r provision for depreciation unnecessary and the eudltora have certified that iu their
opinion his sum Is m"r« than sufficient to cover the decrease in v*lue
of the plants occasioned thrtreby. The valuation of th» st »ok-t of merchaudit-e ou hana has been revised anrt placed on a thoroughly conservative basli aod the provision for p isiiole loss ou ihe collection of
outstanding accounts ha- been luor-iasHd to $ri,OiO.

417,241

.

ad

1

INCOME ACCOUNT OF COMP.NY AND ITS SUBSIDIARY COMPANIES TEAB
tNDINO JONS 30, lt(02.
189940.
$
1,548,566
2^3.692

1898-99.

$
1,3 6,054
167. 9l»

1,810,917

1,962,991

1,822,256

1,543,973

6 7 7,480
277.03 2
197.446

654,133
232.092
197,533

617,480
153.471
192,. 82

625.207
18f>,031

1,151.958

1,083.758

658,959

879,233

96<,233
859,024

857,607
686,366

—

and diBOouuc.

I

1,248,912

1,298.912
511,975

26

•.

INCOME ACCOUNT.
190102.
190001.

Receipts—

$
709 266

89 2,427

Operating Expenses—
Conduct trn-p"u. 3,22»,435

Malnt of equ pin't.
Miint. or way. eto.
Geneial expenses..
Taxes

$

2lc,259,345
190,045,741
184,164,110
174.324,575

1901

Fuided debt,
39,545,000
Man. Ry. »% bonds, special....
Loans and hills payable
Interest due ai d accrued
292,7f9

OPERATIONS AND FISCAL RESULTS.
1901-02.

.87,503,853

1902

1' 0,703
590,467

-V. 75, p. 442, 287.

New York

5,525,000
456,000
5,763,232

58,113.983
5.000
16,937.1 00 15,437.000
233,767
211.167
284.424
467,304
119 60
125,636
15o
140,491
5,8 5,000
3,0 5,000

Manhattan (Elevated) Railway.
(S'atement for year ending June SO, 1902.
The largn increase in traffic due to the operation by elec.
tricity of a p irtion of the lines is shown by the following
comparison for a series of years:
Year—
Passengers.
Passengers,
Year—

642,3 38

96.9^6
78.^51
148.610
389,6)8
2,334,725
221.788
2,633,473

Flood acoeunt
Betterment fund..
Profit and loss surplus

281,967
374,244
98,421

81,728,093

144,088,791

Liabilities—

Adjustment preferred stock.. 23.000.000
66,000,000
Common stook
Funded debt («ee Int. Bdpp.). 53,099,500
Equipment Hens
72,000
Interest accrued on bonds
634,795
Accounts payablePay-rolls
587,875
Audited vouohers....
721. ">88
Trafflo balances
83.741
Individual* and oompanles.
137.110
Taxes accrued
198657
Reserve fund
447,855

4.00)
16,937.000

Wages for month of June
Loans and hills payable
Rolilt g stock under lease
Profit and Iosb

—V. 75, p, 440, 342.

$

1,412.096
Ca»h
170,903
Advances to Poo.Coal & Coke Co.

53,113 933
5,000

Total liabilities

30.

1902.

Assets—

........58,113,983

Refunding 4 p. c. bonds
Interest due and accrued
SunTy accounts due by company.
Trafflo accounts due ny company.

470,626
1,520

31,185
1,051

80.392
IO.OoO

etc

Miscellaneous

87,226,750

—

Common

,

87,503,853

Total assets

'.'.""".'.

l,56b,o6&

46,3

1

Trading profits
Piorlc on bonds purchased for inking fun \ ($8,403) and
terest on sinking fund investment ($17,045)
Total

Dedud—
Ropia ements, renewals and r«pairs
Bad debt- and reserve for doubtful debts
Written

oil

$l,38s,062
In-

25.449
$1,411,511

$L98,633
68,314
22,857

terest on bonds
All other Interest..

5H.500

Sinking fund appropriations

16\706

I

Total

Balanoe oarried to balanoe sheet

35.623

$1,004 634
$406,877

J)

THE CHRONICLF.

496
Liabilities —

y$26,385,557

Cash aod aoor'd int.
309 bonds of the

16,206

oomptuy
Bupplt
Bills

309.000
6,801,618

8

and aocouute

re

zl,40«, Q 97
oeivable
98,7 7
Sundries, claims, etc..
67,230
Insurauoe unexpired.

431.388

Oaeb

$13,000 noo
Preferred chares
11,51)0.000
Common shares
1st mort. 6 p. o. bonds x8, 525,000
170, ^OO
Interest acorued
payable
Foreign exchange....
Trade accounts
Wages, eto

625,000
414, 6~7
244,454
71.43H

Uncompleted oonst'n.
Sinking fund 1st more.

32%20b

Surplus

626,5ie

BIIIb

Total

$35,518,714

Total assets

liabilities..

16.0

.$35,518,7 14

.

xOt this, $8.21 R,00f>n«ld by public and $309,000 in sinking fund.
There are also $47 ->,000 bonds in treasury, y Including 4,517 shares
preferred and 2, 59 snare* common stock of the American Hide &
Leather Co. held in trust, z After deducting reserve or $1*6,727 for
donbtfol debts.— V. 74, p. 729.

United States Envelope Co.
("Report for year ended

The annual statement
1902,

Net

June

—

for the fiscal year ended

June

30,

12 months

$485,010

m or tgage bonds
Dividends ->n preferred paid Sept.
1, 1902 (2»s%>
Depreciation on machinery
Paid to trustees of sinking fund
Interest on first

120,000
1,

1901 (1%%), and March
(4H) 159.375
29.871
75,00<

$381,246
$100,764

Total
Carried to surplus account

Quart* rly dividends at the rate of 7 p. o. yeaily were paid from June,
18w9. to Sept., 1' 01. In March, 1902, a semi-annual divider. d of 2>*
o. was paid and ibe came This September, at which rate the annual
S.istnbutlon calls for $187,500.

BALANCE SHEET JULY
A KfW.tlt—

Plant Investment
8tock in process

$6,061,381
5 9,601

Aooouuts receivable.
Cash
Oat>h for coupons
Treasury stock (S pfd.)
Slnslig fULd
Machinery sold
Total

57i',9l4

87,567
60,240
500,000
299.12=>

7,333

.$8,186,161

1,

1902.

Liabititirs—
Pr»f erred stock

Common

sio.

k

Firm mortgage bonds..
Debenture bends
Bond coupons
Accounts payable
Reserved for depreo'n.
Profit and loss, eur
Sinking fond reserve..
Total

$4/00,000
1,000.000
O.ooo
25 ,0(0
60. 240
134,102
175,000
2«*,819
300,000

2,i

<

$8,186,161

-V. 74, p. 678.

Virginia-Can Una Chemical Conirany.
(Report for year ended June

14, 1902,

A

circular report dated July 12, and containing the earnings and balam e sheet already published (V. 75, p. 74, 140),
was given out recently. This circular touches <n the advisability of lsi-uiDg th- 17,000,000 collateral trust ob'igaMi ns,
as since announced (V 75, p. 14(), and also s^y* iu substance:

General Results.—The

was the most scooeshful in
There were sold 779, <« 3 tons of fertll
iaers and heuiioais of all kinds. Although showing increased profits
this year, he season was not a specially good one, the consumption of
fertilta- rs having fallen off In all the States in wh'ch your company
does business. In ihis feorease your company shared to a small ex
tent, but though decreased somewhat In tonnage the* money value or
sales was practically the eame by reason of larger sales of higher giade
goods
Imi-bovements -Dividend Increased.— The chief measure of the
late fiscal year

the history of your o>mp»ny.
<

1

a< plant is Its sulphurlc-aold-pmdiiclng capacity
betterments, the same plants are 1 <• w making
00
tons per annum more of this eniphurio acid than two years ago, a proper ai num in value, and represents g an induct equal to $ 00. 0'
oreaseo plant tfflcieLoy of many thon^and dollars. The physical condition fall 'he property la better now than at any time in
he com
Prospeots seem brUht tor a largely Increased bustpany'shlstory
ness next j ear, and aitogei her
full of eno< uragement was the sit ua
tlon That } our directors felt justified, on the last quarterly common
dlvidet d date, June 1 190/, in paving dividends on the common »tock
at the rare of 5 p*r cent instead of 4 per cent as always foimerly
ACQUi8iTioi>8.- Acting under pet m'sulon gi anted »t the last stockholders' meeting, an In vestment was shortly thereafter made la the
allied it'rtii ry of oottoi -Heed oil making. the year's result of this being
also IJghiy satlsfaotoiy. To make this investment the common capital
stock of your o< mpauy was luoreased to «<JT,984.4
maklngthe t-'tai
stock now outstanding $12,000,000 preferred and *.'7.984 400 com
mnn. basides the acqulsirlon of all except a few eh»res of s'ocfe of
the Southern Cotton oil C ..the company has recently bought five
large feiti Iz-r pUntH in a at».<ma. two In North Carolina anil one kin
Georgia, which give promise or very profitable working results, and
which place he oompaty In the position of a majmlty manufacturer
Of feitinzers in all the Snuthern Hcate- actively using fertilizers
As already reporter, there have been ample acquisitions of phos
phate roe" lands in South Carolina and Tei>nessee, to fu nlsh one of
the essential elements of manufacture— bone phosphate of lime— for
many jean- to come.
You have also been advl'ed of the company's possessions of sulphur
ore, another essential. With the recent acqntsltlon or inter- sts in the
Southern Co' ton Oil C > ammoula was acquired, leaving but one other
necessary material, potash, still to be obtaiaed. As this arilcle is ex-

As the

1*

American Railways.— Sale of Bonds.— The company has

&

of Philadelphia the remaining $150,Millville Traction Company's $500,0C0
first mi rtgage gold 5s, dne Jan. 1, 1930.
The Dew bonds were issued on the 12 mile extension from
Cedarville, N. J., to Port Norris. this line being now in successful operation. V. 74, p. 1354.

sold to Bioren
Co.
000 of the Bridgeton

chein.il

reeiili of

r

•

&

—

Anthracite Coal Roads.— Further Increase in Output.—
The output of amhracite coal baa undergone a further moderate increase during the week. It was clam ed on Thursday
'hat about 13.635 tons of anthracite were being shipped daily
^y tbe larger companips of the WyomiDg region alone, 11,835 toes beiDgr the product of washtre* and 1,800 tons from
the mines. Tbe "New York Sun" estimates the output of
coal on Sept. 4 as follows:
Delaware Lack & Western.
Delaware & Hudfon
Lehigh Coal & Navigation..
Lehigh Valley. ...
Erie

Dednet

efficiency of

RAILROADS, INCLUDING STREET ROADS.

Tons.

30, 1002.

ehows:

profit for

LXXV.

GENERAL INVESTMENT NEWS.

BALANCE SHEET OF COMPANY AND ITS SUBSIDIARY COMPANIES AS OF
JUNE 30, 1902.
Asset*—
Cost of propprtles
Sinking fiir.il:

[Vol.

>

1

m

.

5,000
3.500
l.OoO
1,000
1,000

N. Y. Ontario
People's

& Western..,

8u.queb.anna
Miscellaneous

Ton*.

gOO
400
600
1,000

500
Total
Temple Coal & Iron
14,700
Preparations for the re-operjing of additional collieries are
In the meantime importations of English
in progress.
anthracite are announced.
End of Bituminous Strike.— At a meeting of the United
Mine Workers held at Keystone, West Va., on Thursday, the
stuke which began in the Pocahontas at d other timminous
coal fields of Virginia and West Virginia last Juoe was declared off, and the men were ordered to return to woik on
next Monday. Some concessions, it is said, were made to
tbe strikers.
Official statements.— President Baer of the Readirg Compatiy on Sept. 8 made a foim-1 explan%'i< n as to why
arbitration of the difficulties in tbe arthracite regions is out
of the question.
This statement was publ shed in full in the
'eadiDg daily papers on Wednesday morning; its chief points
are cite>d in An editorial on a preceding page of this iesue of

Chronicle
The Department

the

of Justice at Wa°hit>gton on Sept. 3
public the report of Carroll D. Wright, Ccmmssioner
of Labor, on the coal strike, as a result of the personal investigation which be undertook at the requ-st of President
R o^eveit. Toe leport recites tbe specific demards as given
to Mr. Wrigh' in writing by John Mitchell, the President of
the Utited Mine Workers of America, as lo'lows : [The
men 8ub8*qu>-ntJv t tiered to compromise on ha f the percentages here shown ]
Kirst -That there shall be an increase o' SO per cent to the m1n»ri who are
paid by the t' n— iha* 1s, lor men performing contract wort Tb«.ie men In-

ma^e

volv- about 10 per em of all the miners.
Second— A reouction of WOper cent in the time of per diem pmp orei. The
mines are operated about 2 'O days a year, ten hours a day. Th'S demand, if
r
v anted. "oulo result In re'tucl g tne day to eight hours' 20
er cant 1, so that
the Qjlnes would be operated 240 days at ab ul tbe fame ray: hence nu equivalent of 2" per <ent Increase >n the earnings, nu ibtreare In the rates of per
dtem employe being demanded.
Thud— Tna; 2.24t> pounds shall constitute the ton on which pa m^t Is based
for -II coal mmed where t"e miners are paid by wenibt. This w. utd apply In
any distnc where we'ghinu coal «ould oe pr-ictlcabie. and to those miners who
are paid by the quantity and not to those paid bj the day.
The report makes, in brief, the followiug recommendations:
First— That 'he anthraoite employes hnu'd organize an anthracite
coal minern' union, in its autonomy lidepr-ndent of the Unit-d Mine
Workeis of Amerioa and fi anoially responsible for agreements.
8i oond— That it wou d be reasonable and just for the "ptrttorsto
concede at ouoe a nlne-nour day for a p> rind ,.f atx months asanexp rttuenr, with the tiuarai.ty tha' if production is not materially reduced th* reby th- agree niei t shall be mane more p»rman nt.
1

rblr-d— That a joii t <•> mmittee of conciliation, o<>n>po<eri of represent* t vee of the opera' ora and of the new u iou shall be organised to
inventlgote ali Kiievauces, the d*-oiei<>n of this ootnrunt-e by a twotmrd- voie to be tinai and binding uoon both panics.
Fni rth-Th ttneb ard of oonolilatlon sh»ile>nter upon a thorough
examination of ai conditions relative to ii.lt fmt anthra tc-- coal, to
qnes i n of weighing, to discipline, to ^age sea es, and to all grievance <f bo boperat/rs and miners; such examination to lie made
thro< gh experts lu order tJ provide verified inform* tlon on which
futu'e oontraots o-«n be made.
Fifth— That, whenever pi aottcable and where mining 1« paid for by
'he tou, and until tii»- Joint committee referred to shall h <v m*de its
repi rt. coai gbaii be paid for by the too and be welgh-d i>v two inspectors, one rei resenting the operators and one repreaen lng the men,
each side to pay its own Inspector.
Sixth— That ther« shall be no interference with non union men.
Seventh That whenever practicable collective bargains shall be
made reia'lve to wag.s, time ai d 01 h*r condittona. under rules to be
established by the joint con.mli tee referred to. V. 76. p. 4li>, 238.

Aliunde Coast Liue Co. of COQnectU-at.— Cha-iye in Dividend Rayment. Tbe comp-tny has dec'a-ed a quarterly
dividend of i per c«nt, payable Sept. 10. Semi *nunal payments have been m-ide heretofore, the Ia9t pavment having
oen in M*rch, 1^02-2^ per oent.— V. 74, p. 774.
Bay Shore Terminal Co.— iVeic Line.— The company has
completed its electric road from the corner of Dune and
Tnz-weli streets, Norfolk, Va., to Ocean View, a ditt^roe of
clusively tuund and mined In Germany, and as the output of a. 1 exist- 13 miles, of wbich 5 miles is double-track.
Woik on the exing mines was firmly held by a German syndicate of which tiie Prustensions to With 'Ugtiby Spit and At'antio St. is to be begun
sian Gov< rnment Itself is a part.lt w s necessary to bide our time
H. L. Pag**, of Norfolk, is Pre-idett. Authorized
until an opening pre-ented itself. Fortunately, this occurred wlttnn sho tiy.
the last three mon hs. when we were able to acquire a controlling in- capital stock, $50l),000, in $ 00 shares.— V. 73, p. 81.
terest In a new mine lu the Province of Ham ver in Germany, at, a
Boston Elevated KK.— tiubway Act, — For record purposes
satisfactory figure. Your company Is herefore the owner and pro
ducer of most all of the crude material needed in the manufacture of the following facts relating to the proponed lu nel and subits prodm-ts.
way, from Chapter 534, of the Acts of 1902, Massachusetts
Your company now owns and operates fertilizer plants in 30 towns Legislature, are
and oittes emtiraced in the territory between Baltimore, Mil and
Memphis, Tenn Memphis Tenn and Mobile, Ala Mobile, Ala., ami
Savannah, Ga , whllethe Southern Cotton OU Co. owns and operates
81 oil mills, refineries and lard plants.— V. 76, p. 140.
,

;

,

;

—

here given
The system of tunnels and subway is to Ofntaln two tracks especially designed f<>r elevated oars and trains and two tracks for surface oart; it is to extend from a point near the Junction of Broadway
:

September

6,

1903.]

THE CHRONICLE.

Wa>htrg'on 8tree\ between the Piloting subway and a line parwuh and 7SO feet easterly from Wa*hmgtou Street to the line of
Court and State streets, and thence northerly by such route as may be
deemed best to a point In or near Adams Square, Haymarket Square or
Causway St. The "tunnel." designed tor elevated oars and trains,
shall be begun immediately upon the acceptance of this Act by a ma
torlty ot ihe voters of Boston; the "subwa>" (for sur'aoe oars) sbaJ
be begun after 1b* expiration of one year frrm the completion of the
tnnnel B th tunnel and subway are to be leased to the Boston Ele
vated BR Co. for 2.*> j ears from ihe begtnnlng of the tunnel at a net
rental qnal to « k p. o. on the net cost of the tunnel and eubwav the
company to equip nece »t its own expense with tracts, etc Upon
on'

allel

t

the completion of ihe tunnel the oimpacy shall remove its elevated
trains from the exit-ting subway and shall thereafter use that subway
for surfso- car* 1 he city i-ball pay for the cost of the tunnel and subway by 'i-sutni: sinking fmd binds running not over 60 years and
bearirg not over 4 p. o. interest.

Liable fir Damage* from Noise.— The Superior Court in
Boston on Aug. 20 held tbat tbe company is liable fcr damages turn the noife caused by the operation of trains as well
as from dust and the obe troction of light and air In granting
$2,000 damages to a certain property tolder, the Court finds
Tbat one half of said damage Is caused by the noise oooasloned by
the operation of the said railroad, and that the damage fnm noise in
$100 more tbsn if said railroad were located v. h< llyin that part of the
street in which the fee is not owntd by the petitioner.
The cate will, of couise, be appealed.— V. 75, p. 441, 341.
Boston & Provident e Electric By.— New Project.— Plane
are being perfected for a tbiough trollev road Irom Boston
Tbe inteition is to nee the Boston Elevated
to Providence.
BR. Compary's line from Boston to Forest Hill, and tre Old
Colony S'reet RR. thence to Readville. A connection less
If lot g at this point will be tuiltto the Blue Bill
than ore
Street BR. vhichit is proposed either to lease or to buy,
carrjing tbe line as far as Sfonghton. By building a new
Stongbton to North East on, connection will be had
line frt
with the Norton & Taunton Street line for East Norton.
From tbat point it is proposed to build through the towns of
Rehobetb and Seekonfe, to a connection at the Rhode Island
State line with ihe lice of the United Traction & E'ectric
Co., which utder its franchise is required to grant trackage
rights nto Providence. Stone <£ We ester are understood to
be interested.
:

m

m

—

—

:

:

-,

497

& Hamilton Traction Co.— Consolidation.—
August 27 the s'ockholders of the Mil'creek Valley Street
Ry. Co. and of the Hirnilton Glendale & Cincinnati Traction
(Jo. unanimously voted to consolidate tbe companies under
tbe tile of the Cincinnati & Hamilton Traction Co. The
capital stock of the new company will be $2,200,000, in shares
ot $100 each, of which $1,100,000 will be 5 per cent cumulaThe $1,(00.000 common stock of the Mill
tive preferred.
Cincinnati

0<>

creea Co. will be excharged, $ for $, tor a like amount of the
new common, and its $750,000 of preferred stocfc for a like
amount of the new preferred. The $250 000 stock of the H.
G C. will be exchanged for $250.' 00 of tbe new preferred
ana $200,000 of the new common stock, being equal to 100
p. c. in new preferred and 80 p. c. in new common for the

&

old shares.

Lease.— Tbe shareholders will vote Sept. 30 on leasing the
ptoperty to tte Cinoinnati Interurran Compaty. a new company organized (see below) with $100,0iiO capital stock in
he interest of the Cincinnati Trtction Co. The lease will
provide for the payment of 5 p. c. per aunum on the prep*r cent the first
ferred stock, and on the common stock
year, iLcreasiDg gradually thereafter to 4% per cent in
seven years and ubsequently.
Dinctnr*. The new rtirec ors are:
H H. Hi ffman (President), Bayard L. Kllgour (Vice-President),
Henry Burhholdt (Secretary and Treasurer), O. H K Igour, A. J Beoht
f Cincinnati; Francis T. Homer of Baltimore and O. B. Brown of
i

%

i

—

f

>

Dayton.

Indianapolis & Western By. Consolidation
< infinnati
Ratified.— Tbe shareholders of ihe Cincinnati Hamilton
Indianapolis and the Indiana Decatur & Western Ry. Co. on
Aug 28 ratified the consolidation of these companies under
Western Ry. Co.
tbe title ot the Cincinnati Indianapolis
V. 75, p. 289, 239.
Cincinnati Internrban Co.— Incorporot on— This company, with a capital stock of $100,000, fited articles of incorporation in Ohio on Ang. 28, as proposed lessee, in the ir tercet of tbe CiLcinnati Traction Co., of the Cincinnati & HamIncorporators: W.
ilton Traction Co. which see above.
Kesley Scboepf, George H. Wanington, W. H. McCallister,
S. C. Cooper and F. B. Spangler.

&

&

—

Chesapeake & Ohio Ry.— Bonds.— The New York Stock
Exchange has listed $1,000,COO additional general mortgage
rincitnatl Lebanon & Northern By.— New Bonds.— The
ij4 per ceiit boi ds. making the total $33,833,000. The addi- "Cincinnati Enquirer" saj s that tbe proceeds of tbe
$1 ,500,000
tional bonds were issued on account of construction and
new bonds authorized by the shareholders on Aug. 30 have
additiots

—V.

75. p. 441, 393.
been or are being applied as follows
Indianapolis & Louisville Ry.— Joint Bonds
To retire an old mortgage of $200,000, which was canceled here last
& Cincinnati RR purchased last
Rtaay- Al&o Cash, vn /art Payment.— Holders of J. P. Mor- Saturday; to pay for the Mlddletown
and for terminal property purchased of ihe Big F. ur. Tbl» tergan & Co trust reoeipts for preferred and common stock de- June,
minal property, which is located near Court and Broadway and along
posited under circular of tbe Louisville & Nashville and the Gilbert Avenue was secured by tte Big Four in oonneutlon wl h the
Southern Railway companies cf May 20 are now receiving purchase) of ihe Cincini ati Northern, and * as transferred to tbe C. L.
N. Some of the bonds are also being used to pay for the double
the new bords or the oasb to which they may be entitled at &
track to McCalloughs, which w ill be completed the 1. th,— V. "/5, p. 289.
the ( ffice of J. P. Morgan & Co., 23 Wall St. See notice on
Clnriunati Traction Co.— Le'ise.— Se© Cincinnati & Hamanother page.— V. 75, p. 398, 239.
ilton Traction Co. above.— V. 75, p. 393.
Chicago Book Island & El Paso BR.—See Chicago Rock
Portland, Ore.— Consolidation.
( ity & Suburban By.,
Island & Pacific Ry. below.
Negotiations are reported in progress looking to tbe consoliChicago Bock Island & Pacific By.— Time for Deposits dation of this company and the Portland Ry. Co. Baltimore
Extenaed.-Tbe Chicago Rock Island & Pacific RR Co. capitalists are said to be back of the movement.— V. 71,
p.
(of Iowa) gives notice tbat the time within which if will por
1120.
chase cutstatding stock of the Chicago Rock Island & Pacific
Cleveland Cincinnati Chicago & St. Lonig By.— See
Ry. Co nnder the eff'r of July 31, 1902, has been extended
Chicago & Southeastern RR. above. V. 75, p. 441, 75.
until aid including Saturday, St pt. 20, 1902. See advertise
Denver Northwestern & Pacific BK.— Mortgage— The
ment on another page.
Subscriptions Payable Oct. 15.— Notice is given to the shareholders on Aug. 31 authorized the making of a mortgage
holders ot snbscnpti< n certificates for the new stock of tbe to secure not exceeding $22,500,000 of fitv year 4 per cent
Railway Company, authorized to be issued to stockholders first mortgage bonds. They also ratified tbe contract with
to the extent of 12 *>£ per cent of their holdings, by resolu- tbe Colorado-Utah Construction Co. to build the road.— V.
tion adopted July 1, 1902, that payment of the full par 75, p. 289.
amount of their subscriptions must be made, at the Central
Detroit & Toledo Shore Line RR.— SoM to Grand Trunk
trust Co., No. 54 Wail St., New Yoik City, on or before By.— A press dispatch from Detroit announces the sale of
Wednesday. Oct. 15, 1902.
this road to the Grand Trunk Ry., which, it is stated, will
Listed— Tbe New York Stock Exchange has listed $680,- assume outstanding indebtedness of about $1,500,000. The
500 of the additional capital stock and has authorized the line extendi? from Trenton, Mich., 20 miles s>uthof Detroit,
listing of further amounts from time to time up to Oct. 15,
to Toledo, about 40 miles, and is built with double track on
1902, as issued, making the total listed not to exceed $75,- a private right of way 10D feet wide, with bi'-pound steel rails,
000,000.
steel bridges and rock ballast.
It was originally intended
Extension.— The Chicago Rock Island & EI Paeo RR Co., for a high-speed trolley road, being owned by the Everettwhich forms part of tbe connecting link to tbe Et Paso Moore sjndicate.— V. 74, p. 1251.
& Northeastern (see V. 72, p. 820; V. 71, p. 1219) has filed
Findlay Fort Wayne 8c Western Ry.— Fo eclosure.-The
notice at Santa Fe of an increase of its capital et ck to $4,
Mercantile Trust Co., as mortgage trustee, ha*- broupbt 6nit to
COO, 00, and has made a mortgage to secure bonds issuable foreclose the
$1,200,000 first mortgage of 1894, on which no
at the rate of $25,000 per mile of sir gle track, $800 addi- interest has ever been paid. The Cincinnati Hamilton &
tional per mite for equ'peuent and $15,0l)O per mile for sec- Dayton bought control of the property in Novernt er,
1901,
ond track. The company's liabilities aggregate $2,677,466.— and through foreclosure will Obtain clear title.— V. 73, p. 1111
V. 75, p. 441, 393.
Fort Wayne Logansport & Lafayette Traction Co.—See
Chicago & Southeastern By.— To Be Operated Inde- Union Traction of Indiana below.
pendently.— J obnT. Dve, General Couneel of the Cleveland
(J rand
Trmik Ry.— Purchase of Line to Toledo. See
Cincinnati Cat ago & Si. Louis, has been made President of
the Chicago & Sou heastern, and an entirely new board of Detroit <& Toledo Shore Line RR. above.— V. 75, p. 393, 77.
Hamilton (jlendale & Cincinnati Traction Co.— onsolidirectors cas been elected. Mr. Dye authorized the followdatton.— See Cincinnati & Hamilton Traction Co. above.
ing statement
The parties represented by me have purchased the bonds under the V. 75, p. 289.
general mortgage if the Chloago & Southeastern Railway
o.. and
Hocking Valley Ry.— Guaranteed Bonds,— See Continental
have beoouie the owners of all the stock of the company, but have
not assumed the debts oreated under the Crawford management. Coal Co. under ''Industrials" below.— V. 75, p. 210, 77.
They are. to be paid by the people who created them Whether It will
Illinois Central RR.— Right to Sub> cr> be.-The shareholdbe neoseary to foreclose tbe mortgage can not be determined until
we hare looked further i. to the matter. O. E Sohafl has been made ers of tecord Sept. 19 will until Friday, Oct. 24, 1902, atd no
Vice-President and tareneral Manager, and he will at once aesuine the longer, have tbe privi ege of subscribing, at par, for one $100
task of putting tbe r<>a<i 1m condition to be operated. The road wilt
share of the $15,840,000 of new stock authorized last week
not be a part of the Big Four system. It will be operated as an independent road, and will be owned and controlled by its own stock- for every five shares of stock held by them respectively;
holders
payment for the new stock to be made at the company's ffice
An order has been entered providing for the discharge of in New York in two instalments, viz 50 per cent on or bethe receiver.— V. 75, p. 411, 184.
fore Dec. 2, 1902, and the remaining 50 per cent on or before

Chlfj go

—

,

—

i

—

•

,

—

'

THE CHRONICLE.

498

[Vol.

LXXV,

Nashville & Knoxville RR.— Puichase.— See Tennessee
Central RR. below.— V. 74, p. 151.
Nashville (Tenn.) Ry.— Decree Entered.—The Court of
Chancery Appeals at Nashville on Aug. 80 entered the decree in tbe case recently decided (V. 75, p. 135,), holding the
consolidation of 1900 illegal See decree in full in 'Nashville
Banner" of 30th nit.— V 75, p. 135.
New Orleans & Northwestern Ry.— Sale Postponed. The
foreclosure sale has been postponed until Sept. 20.— V. 75,

Jan. 7. I$r3. Upon payments in full on or bef ore Dec 2, 1902,
there will be allowed a discount upon tbe second instalment
at the rata of 4 per cent per annum from that date to Jan. 7,
Certificates for full-paid shares will be issued as soon
1903.
as possible alter both instalments shall have been paid and io
the order in wbich payments are made. They will pariici
pate in h H dividends which mav be dec'ared pavable after
Jan. 7. 1908.
Application cf Proceeds. President Fish as quoted says:
The proceeds from the pale of the new stoofe are to be app'lpdto gen
eral Improvements. About $250,000 wW go into the new ffloe building w blob w« are ereoilng b-side our ChloaKO station Quite a sum

—

—

p. 342.

>

whch

company

required to
build along the" laha front here. Thr work of double tracking the en
tire line fr>m Cni ago to New Orleans will be completed, and many
improvements contemplated will be oxrried out. No additions to the
syi-tt-m are contemplated, except some spur* in Mississippi. We do
not Intel d to build a new line to 8t. Paul. Our tractive and trafflo
arrangements with tbe Minneapolis <fe 8t. Louis are satisfactory.
I can say emphatically that under no circumstances will the Illinois
Central h* a party to any big combination or merger scheme F >t ihe
reason that the stock is so widely distributed, no large bl ob» beln*
held by a few persons, control of the company cannot be secured in the
8 toe Is market. We propose to run the Mlnols Central lnd' pendently
and operate it for what is in the trafflo, not for stockjobbing parposes — V. 75, p. 44i, 289.
will be expeDdert for the sea-wall

the

Indianapolis Slielbyville & Southeastern Traction Co.
—Hew
one of the
teturban
Lu.6.— Tais company, which
is

it

enterprises that wjll have entrarc- into India apoln over t»ie
lines of the new Indianapolis Trac ion & Terminal Co (V. 75,
p. 398.), wis this week to begin operating its 25 mi es of road
from Indianap >lis to ShelbyviHe. Iod. Capital stock. $600 The President is E. K.
000; first nor gage 5s, $500 000.
Adams of Shelbyville, Ind. See V. 74, p. 477.

International Traction Co., Buffalo, Etc.— Dissolution of
Syndicate. Holders of certifi --ites of interest iisHU- d under
the syudicate agreement of March 1, 1899, are now receiving
tbe 4 per cent collateral trust bonds atd preferred stock to
which ihey are entitled, at the office of J. P. Margin & Co.,
23 Wall St. Sre notice in another column. V. 75, p 342.
Iowa Hematite (Electric) Ry.— Mortgage.— This
pany, which was incorporat- d in low* lasi June, and wbich
recently increased its authorized capital stock from $i5,0i0
to $25«,<)0O, has fil^d a mortgage at, W*okon, AllaiuakeCoucty.I iwa, to secure 11, 500.000 of $1,000 5 per cent 2 year
bends. Tbe road is projected to connect Lansing, Waukon
and Decorah wih a view to developing tbe Waukon iron
miLes. W. Ingram of Waukon is President.

—

cm

(J

Kansas & Southern.— Receiver.— This compiny, haviDg
suspended operations, has been placed in receiver's hands on
application of Rock Creek Township acting as a bondholder.
The road extends from Blaine to West in Ireland, Kan., 9
miles.

Ry., Hawaii.— Not Guaranteed —The stateTrust
in an advertisement that th- Gertnaoia Bank
Co. of San Francisco guarantees this compauy's bon Is is pronounced insorr-r t. the Germania bting merely the mortgage
trustee.— See V. 75, p. 289.

Kona & Kan

&

ment

""bore Electric Ry., Ohio.— Through Cars —The
regular through cars from Cleveland to Toledo were run
on or about Aug. 26. Work on the Sandu-ky division is
being rapidly pu-bed to completion. V. 75, p. b9l.

Lake

first

—

JHac*
) Consolidated Street RR.— Officers —The new
owners nave elected the following direcors ^cd officers

n (Wa

:

Herman Myers of Savannah President and Oeneral Manager. Robert
H. Plant and W. E MoCaw, both of Maoon; J. 8 Collins ar d W W

Mackall, boih of Savannah; Secretary and Treasurer, John Morris or
Savannah.
Application for permission to consolidate the Macon Consolidated Street RR. Co. and the Micon E'ectiic Light & Ry.
Co. under tbe title of the former i- pending before tne Macon
City Council. Tne Metropolitan Railway was also included
in tne purchase of tbe Williams syndicate, but may perh-<pbe kept iudeper dent in view of an alleged contract requiring
Mou h Macon Street RR.. a fc^-mile
it to buy the North
line ex end ng from a point on Second St. across Ocm algee
River at S.rmg Street to a point on the east side of said
Extensive improvements are proposed, itc'u'iing
river.
70 lb. rails. Pnllman vestibaled cars, a casino, etc. John L
Sou cf Richmond are interested— V. 75, p. 135.
Williams

&

&

Manhattan Ry.— Quarterly. — Earnings
ending Juue 30 were:
3 M08 EndingJuneoO.

Gross

for

the

Net
Earnings.
$1,456,143
1,171,521

quarter

Other
Interest.
Balance,
Income. Taxes, etc. Snrt> us.
18<i2
$L1 .V8-* $000, 84
$JU5»2
241,171
1901
647, 563
763,124
Dvid«-nds of 1 per cent, call for $480,000 quarterly. The
results for the year ending Juue 30 are shown ou a preceding
page.-V. 75, p. 842, 135.

Mexican

E

<rnings.
$v!>57.V2*9
2,49r»,207

(ei.tral

<

Ry.— Called Bonds.— Fifty

thousand

dollars (5 p. c. eqnipmei t and collateral gold bonds, due
1919 (8>-Lono s. ri<s), have been drawn for redemption at pHr
and a>< rued in'eie?t, at the offices of either tbe O d Colony
Tiust Co., B ston, the Manhattan Trust Co New York, or
Co., 67 L >mbard St Lonaoi
Messts. Grijn, Mills, Currie
E. C, on or «f er 1st October, 19(12
75, p. 240, 77.

&

,

—V

.

Millcreek Valley Street Ry. — Con>olidatto t— SeeCincin
nati & Hamilton Trac ion Co. above.
V. 75, p. 290.
Mineola Hempstead & Freeport Traction Co.— Name
Chunge i. -Tbe company, carryii g outits intention already
annruncedin this column, has filed a cert ficate with tbe
Secretary of State changing its corporate name to the New
York & Long Island Traction Co.— V. 75, p. 77.

—

Island Traction Co.— New Name— See
mpstead & Freeport Traction Co. V. 74, p. 1356.
Northern Securities Co.— Answer Fded.— The defendants
in the suit brought by tbe State of Minnesota filed their
answers it the TJaited States Circuit Court at St. Paul on
Sept. 1, there being one answer for the Securities Company
a<d Mr. Hill, one for tbe Great Northern and one for the

New York & Long

is

Mineola

H

N

rthern Pacific. (S>-e New York daily papers of S-pf. 2.)
of testimony id the suit brought by the United
States Attornev-G-neral, it is announced, will begin at the
ffices of the D strict Attorney in New York City Sept. 15,
V. 75, p. 442, 394
Oklahoma & Texas S •nthern Rv.— The shareholders
will m»eom tbe town of Montague, Montague Co., Texas,
n S-p'. 22, 19''2, to author ze the directors to apply to the
Railroad Commission of Texas for authority to i-eue mortgage bonds (to tbe amount it is said of $3,' ',000) on the
propos-d railroad extending from the R-d River, near the
'own of Spauith For ,in Montague Couuty, soutbw-st via
Wea hetford, in Parser County, to the town of Stephenville, Erath Connty.Texas, a distance of about 125 miles. W.
A. Squires is President.
Pennsylvania RR.— Control of Heading Co. See that
company below.
75, p. 185, 135.
Pine Bluff & Western Ry. New Securities.—Tbe shareholders will meet Sept 7 to increase toe capital tto -k, authorize an extension of the main line and tbe building of
additional branches, and also to authorize the mabiug of a
bond issue. The company was iDootp rated in June, 1899,
with |250,000 stock, and has built or urd-ir c^nsttu'tiou 25
miles of roid extend ng from Pme B uff to Sberidaa Ark,
An extensiou to Bea'oa is now propsei Tbe Sawyer
Austin Lumber Co Li Crosse, Wis is interested. Toe officers of tbe railway are: President, W. W. Cargill; Secretary and Treasurer, J H. McMillan.
Pittsbnrg (Pa ) Terminal RR. & Coal Co.— New Enterpns'.- Those back of this proj-ct are not ready to make
pablic their pUns, tut enough information has foand its
way into print to indicate that the enterpri.-e is of some importance. Tbe company was incoroorated in Pennsylvania
April 23, 1902, with nowiual ($1,000) capital st en, w&icb on
Jane 24 the stockholders voted to increase to $14 000,001; par
value of shares $100.
The new company or its friends are understood to have
purohased a con'rolling interest in the $600,000 stock and
arranged to take care of the $400, 00 bonds of the West
Side Belt RR., and also to have purchased a larg-t iract of
coal land iu Allegheny County. This land, according to the
"Pittsburg Gazette," includes 12.200 acres, acq ured at a total
cost of $'6 670.000 from John W. Scully of Pittsburg the
Donaldson Baynes Noble interes J. B Corey and the Le
Moyne interests of Bal imore. Toe West Si >e B-dt RR. is
in operation from Patsourg to Banksviile, 3 miles, and is
under construction from th^ river terminals at Saw Mill,
connectitg with the Pittsburg Terminal Rtilroad of the Crucible Steei Co. of America, to Clairton, P^. (B'air S a ion),
where the Cmciole Steel Co. of America, hiough ttie Clairton Steel Co is investing $Ll, 000,000, and the ce to the company's coal fields, a to'al distance of aoout 12 miles additional,
Tne road will be douole tracked and wiii pas* through
Brae- Station, on the Baltimorr & Ohio RR >md
ifehall,
on the new Putabuig Carn»gie& Western (Gou a) road; in
all it will embrace about 30 miles of tra k.
A nuuioer of
mines are being developed, and it is said that witbin a few
months the o imp^ny's cotl properties will bave a daily production of 4,i Go to h. At Saw
11 the company will have a
river front»ge aggregating, it is said, 2,000 leet. The directors (and offic th) are:
Charles Donnelly (President). Joshua Rhodes (Trea«nreri. J. Q.

Tbe taking

<

f

—

—V

—

&

,

,

i

r

,

,

,

W

M

Patterson (decretaiy). T Hart Oivm, F. F. Nioola, Ml K. MoMiillln,
J D. Oalieiy, A W. Osborne, 8. H. Robblus, J. O. Ollohrlot and T. N.
Barnsdail.

All tbe above-named, except Mr. Gilchrist, are also directWest Side Belt RR. Toe President of the latter

rs of the

company
S.

is F. M. Osborne
Messrs O-b^rne, Patterson and
Robtins are former officers of the Pirtf burg Coal Co.
Pittsbnrg Carnegie & Western Ry.— Pdtsburg Ttrminals.

H

— President Ramsey

of ihe

Wabash

says:

Our terminal properties in Pittsburg will be ready for operation
some "if n*-xt spring. We shall have two iinen running Cti the Jones
& Laughlin Stee pia> D, one or tli> ru dtreot from our new t«-rintual near
t

Street bridge, up the liver, reaching not <>nh tne steel
but intny other luiiustrtMl piants. Weshtllhae adeq ate terminal prop r ins
ihe south side of the olty, along ih« M.. nougihela
River, and shall hold In ail a Htrtp of river prop, rty a 'out i.iOitfeet
in length and wide enough to provide us with term nal s >aoe adequate
for oui opeiaitonn for many years to come
Thm property is soma of
the river, hu is
oa e<t iu a position 'hut will br oonveuleur, to the
manufacturing and business oentre of Pitcsburir. Our fHCtntles will
enable us to bannle a large trafllo. I do not think the total xpenses
ot establishing ourneives in PHtsburK will aitgreg„te #lO,ooO,uOO. not
too inuob of an outlay conHidermg the certain return <hat will aoorae
toall Gould Hues east of the Mississippi —V. 74, p. lu90.

the
i

Hinlili fluid

lHnt.

ii

<

i<

>

—
September

•,

5

—

:

THE CHRONICLE.

1903.]

499

—

Tennessee Ceutral RR.— Official Statement.— Secretary W.
Portland (Ore.) H.f.— Consolidation. See City & SuburEastman, replying to our inquiry, says:
946,
E
V.
above.—
70,
p.
Ry.
ban
third payment of $636,187 11 on account of purchase of the NashA
Fort Royal & Angusta RR.— Old Bonds Hare Value.— ville Knoxvtile has been made, matting $1,-126,978 bi paid ro date,
It appears that there <*re a few of th* second mortgage bonds and leaving one payment amounting to about $'50,000 still to be
includes certain coal lands known as the Crawford Coal
of this comply ontstandiog on which something can be col- made. This Noieotthe-e payments will be applied to reduction on
& [ion Co.
with
communicate
invited
h.
to
C.
are
Holders
lected
payment of the $i,756,Ooo of N. & K. bonds. (Se*- Investors' SupThe Cumberland (loai & <>he 0«. is a sepCrowell, *84 Broad way. The road was sold under foreclosure plement, pages 138, 1-9
It was re
aiate company, and has no connection with the N. & K. or CTawford
Sept. I.'lb9f>, toSam'l Thomas and T. F. Ryan.
properties. There is some talk, however, of making a consolidation of
organized as Charleston & Western Carolina and subse231.
<fe

<

)

the two land companies.— V. 75, p.

quently s< Id to the Alan' ic Coast Line. (V. 63, p. 559 ) Toe
tacts regarding a recent decision holding the Central of Ga
Ry liable 'n the second mortgage bonds w^re publ'shed in
the Chkokicle of April 6, 1901, page 674.— V. 74, p. 479.

TeXHg Central Rtt.— Earnings.— The report for the year
ending Jon* 30 shows:

—

Reading Company. Change in Control The company's
shares have been extremely active during the week and toe
price of the common stock, which on Aug. 18 was 66% and
on March 10 only 52J£, has touched 1^*4, closing yesterday
The recent htavy dealings are explained by persons
at 73 34
usually well informed as due largely to speculation, and not
to competitive purchases for con rol by the G >ulds and others.
It is generally believed; howevtr, that the Pennsvlvania RR.
interests have at qu red a controlling or a virtually controlling interest in the entire $1 40,000,000 stock, pursuant to an
understands g with the Morgan and Vand»rbilt interests.
First Vice-Pi evident Green of the Pennsylvania was quoted
yesterdav as decying that his company had been a purchaser of the Reading.— V. 75, p. 442, 3*3.
St. Lonis & ttnlf K.J.— Resignation of President.— The "St.
Louis Repablic" says Mr. Louts Houck's resignation as President and director ot the company has been aocepted,and it is
expected that this railroad and tie St. Louis Valley Line wi lbe
consolidated and that the ownership of the road will, if not
immediately, eventually become a part of the Gouid system.

—V.

74 p. 1039.

San Francisco Terminal Railway & Ferry Co.— New EnThis compai y was recently incorporated in California with $6,000 000 capital stock in $100 chares, of which
terprise,

—

The intention.it is stated, is to build
railway lines traversing Santa Clara and San Joaquin valleys and to operate these lines in connection with a ferry to
be estab'ished between Oahland and San Francisco. Extensive terminal properties have been acquired in Oakland, situated on the Oakland channel and extending, it is siid, back
The railroad lines are projected as follows
to Fifth Street.
From Oakland to Ltvermore, joining the Alameda & *an Joaquin
BR. near tne boundary line between Alameda and San Joaqut counties, 60 miles, » ii h 15 miles of branches; H-ty wards to 8au Jose, 35
miles; Alameda to fan Leandro, 10 miles; Oakland to Berkeley, 10
miles. Ha) ward' to Dumbarton Point, on Han Franoioco Bay, 15
$200,000 cuhscribed.

:

miles; total,

at.

out 145 miles.

The Alameda & S*n Joaquin RR which extends from
Stockton to the Tesla coal mines, 36 miles, will, it is stated,
The di-ectors of the new company a^
be purchased
,

J Dalzell Brown. Vice President of the California 8afe Deposit &
Trust Co A C Kalos, A--i-tant Manager of the Canadian Bai k of
Gomnuercs F M. West. fresMent of the Stocks n Savings & Loan Society; Tirey L F'ird, Attorney-General of Calif rnl»; Walter J Bartnett. of the law firm of Booth & Bartnett, aad John Treadwell, of Oakj

land.

Prominent San Francisco finanOffice in San Frarcisco.
ciers are quoted as stating that the company is organized in
the int» re-t of a trunk line not at present having access to
the Pacific coast. S-nator W. A. Clark, it seems, has just
been over the Alameda
San Joaquin RR. in his private car,
and this fact gives color to the report that he and the Goulds
are planning a line to San Francis jo.

&

—

& Santa

Clara ( Electric) RR.— Negotiation.
Electric Co. of San Jose, etc. (V. 75, p.
81), has either secured or is arranging to ob ain an option on
this pre peny at d its allied company, the Alum
>ck RR.;
also on the San Jose RR., making in all about 37 mil-s cf

San Jose

The U.

i

ed

Gas

Net
Other
Gross
E'irns. (Over Taxes). Income.
Year
$15H,7*3
$1,776
1901-2 $!W3.t>t>8
265,786
2,724
19O0 1.. 707,591
Fiscal

Int.

on

Bonds.
$26,330
25,000

— V. 73, p. 954.

Divid*nds.

$13z,«57
165,570

Bml.,

Sur.
$1,731
77,940

Toledo & Ohio Central Ry.— Guaranteed Bonds.— See
Continental Coal Co. under "'Industrials" below.

— V. 74, p.

269.

Underground Electric Railways of London.— Further
Facts.— Charles T. Yerkes arrived from England last week.
He is quoted as saying that the pyndicate he represents has
ootain-d from Parliament four different franchises, and that
when the new roads are finished the system will have 66
miles of double tracks with connections which will add 40

m

He savs further:
re.
miles
The Metropolitan District Railway Company is now carrying
200,000,000 persons a year Our roads will increase that amount
from 50 to 100 per cent. They will be in operation In eighteen mon hs.
We shall have three stations to the miie, operate l.Ouu oars, and use
the third-rail system.

At a recent heanDg in London before the tunnel committee
House of Commons, Edgar Speyer, senior partner of

of the

Speyer Brothers, bankers, the London house of Spe)er&
of New York and Frankfort, testified that while
h* and bis asto lates bad agreed to provide if uecessary
£20,380,000, it was estimated that only £15,000,000 would be
Piccadilly line,
required to build and equip the Brompton
the Cnaring Cross Eoson & Hampstead line, the G;eat
Northern & Strand line and the Baker Street & Waterloo
line.
The remaining £5,000,000 is practically a reserve for
contingencies. The four new lines are to be leased to the
Underground Electric Railways on a rent or a guaranty of
not less than 4 per cent per annum on the amount of their
debenture and share capital.
The company'* tube railways will be built near the surface. Cars

Co.,

&

be non-inll tinmalile. Maximum of speed of trains 16
with 1 penny tiokes between certain hours and- stations for workl g people. Fresh air for ventilating purposes will be
forced in through a four-Inch tuoe, renewing the air every forty-five

and stations
miles. Fare

will
'Z&

minutes.

Electric Railway Co., of which Mr.
Chairman, owns, it is said, less than 10 per cent of
the District Company's nominal capital of over JK),000,000.

The Underground

Yerkes

is

V. 74, p. 777.

Union Traction Co. of Indiana.— Another Line Proposed.
—President George F. Culloch and others connected with
this company are the ir corporators of the Ft. Wayne L^gansport& Ltt»yet'eTractiou Co. (capital stock $1,000,000), which
proposes to build from Ft. Wayne to Huntington, Wabash,
Andrews, Lagro, Peru, Loganaport, Dolpni and Lafayette,
along, it is understood, the tow path of a portion of the old
Wabash-Erie Canal At Logansport and Peru connection will
be made with the line of the other subsidiary company, the
ludianapoli-t Northern, which is now buiMing from Indianapolis to Noolesviile, Tipton, Elwood, Kokomo, Pei» and
Tipton.— V. 75, p. 136.
West Side Belt RR , Pittsburg.— Control.— See Pittsburg
Terminal RR. & Coal Co. above.— V. 66, p. 343,

&

f

R

&

trolley lines. Tee S*n Jose
it is stated, $260 00O of 6 p c.

INDUSTRIAL. GAS AND MISCELLANEOUS.
American Bicycle Co.— Default.— The interest dne Sept. 1
on the $9,500,0* i0 gold deb<-nture bonds was not paid. The
compiny on Tuesday gave out the following:

Santa Cla* a has outstanding,
bonds.- V. 72, p 873.
Interest on the debenture bond« will not be paid at this time. ProSoulhem Ry.- Collateral Trust Bonds -^-T he annual re ceedinghavrt been insiituted looking to the appointment of a temport published in last, we k's Chronicle (see page 448) spates porary receiver, in the interest of bond and stockholders, and a plan
that an issue of |4 lOO. 000 collateral tiust 4 pr cent gold of reorganization will be submitted ar. an early date for their approval.
Compaq has always beeu h mpered by lack of working oapoal;
bonds, due in five years but redeemable at par after two The
1> is confidently expected Mia
the proposed reorganization will furnish
years, were issmd on Dec. 1, 1901, to reimburse the company
the ecessary funds f >r the prop-tr oondnor, or Its business.
The company is perfectly solvent, ai.d uidoubtediy has an a-sared
tor current ca^-h used to pay certificates of indebtedness
future. It controls about 70 per cent of the bicyo e output, an in($1,940.01 0) and for payments for equipment and for capital
creasing ana pr fl able automobile business (in eleotrio, gasoline and
account against which no securities were issued, and to aid -team vehioies), ami a growing and promising trade in storage batterin financing subordinate companies pending the permanent ies, for ail of which it is exceptionally well equipped.
The American Bicycle Co. is now a holding onupany of the stocks
fundit g of such investments.
of American
i

Application to List.- Tne company has requested the New
Yor* Stock Exchange to list $ 1,
000 additional first con
solidated mortgage 5 per cent bonds, making total $36 775,0 )0.
The additional bonds were issued to ih« company about two
years ago on account of additions and improvements. V. 75,
!

—

p. 447, 442.

Springfield (III.) Consolidated Ry.— Refunding.— C nsolidated mortgage 5s of 1883 for $125,000 have been issued to
replace the same amount of Springfield City Ry. 6a of 189u
recently callea for payment.

— V.

75. p. 291.

Stocklon (Cal.) Electric RR.— Proposed Bo nd Issue.— This
company, wnica last June passed under the control of H. E.
Huntington, is applying for additional franchises to enable,
it to Teach Lodi and the various suburban di-tricts.
H E
Griffiths, the representative of the company in its negotiations with the city, say 8 that a §1,000,000 bond issue is contemplated.— V. 74, p. 1140.

C.vcle Manufacturing Co.. International Motor Car Co.,
Federal Manufacturing *'o. and National Batteiy C<> , and others.
None of the.-e tour subsidiary companies will be affected; all are in
good condition, and what assi>-t«not3 they need will be rendered by
the receivers of the American ttioyole Co. or the bondholders In in-

terest.

Tuose most largely interested in the company's securities
are, it is stated, working in entire accord and harmony upon
the lines indicated.
Receivers. — Ju <ge Andrew Ktrkpatrick, in tbe United States

Circuit Court at Trenton. N. J

made by

on Wednesday, on applica-

,

Emma

B. Stimaon, appointed
Albert A. Pwpe, i s President, R Lindsay Ctil-mm, one of its directors, and John A.
Miller of Newark, N. J. The company has on hand only
about $20,01)0 cash to meet obligations conbiating of interest
on debentures due S^pr. 1, $<J25,0U0: Baring, Magoun & Co.,
$150,0(10; National Batteiy Co., $50lO: F. S. Smuhers & Co.,
$58,073; Federal Manufacturing Co., $50,000.

Elliott Ma-oo and
as receivers of the com pat y Col.

tion

—

—

THE CHRONICLE.

500

:

[Vol.

LXXV.

—

Reorganization Committee. A committee consisting of ble for steam, domestic and Lake trade, and commands a ready market. The company also owns numerous houses and stores and carries
A. Read (Cha'rman), Geo. F. Crane, Colgate Hoyt, on a profitable business, furnishing
supplies to its employes.
F. S. Smtthers aod Geo. W. Young, at the request of holders
Based upon the results of past operations and the reports of emiof very large amounts of the bonds aud preferred and com- nent coal experts, a conservative statement of the company's coal
producing and earning oapaolty is as follows: Total yearly capacity
mon stocks, have consented to make an examination of the run
of mines (300 days). 4,aOO,<>00 ton-<; annual tonnage, if worked to
company's affairs aud to prepare and submit a plan of reor 60 p. c. of oapaolty, Z,.°>20,OCO tons. Net earnings on 2, s 20 000 tons,

Wm.

ganization at the earliest possible momeot. Security holders
desiring to co operate are reqaested to deposit their securities with the Central Tru3t Co., No. 54 Wall St., in exchange
for negotiable receipts. Any security holder dissatisfied with
the plan will have the privilege of withdrawing his securities,
without expense, within thirty days after such plan is announced.— V. 74, p. 989
American Lithographic Co. Solvent.— The AttorneyGeneral on Thursday denied the application of B njimin
Hilton for the dissolution of the company, there having been
presented "positive evidence of parties who are entirely
familiar with the affairs, conditions, values and assets of the
See
company to the fact that the company is not insolvent.

inoiudlng rentals and store profits, $">0 i.ooo; deduct Interest on $2,7ft0,000 bonds at 5 p. c. $137,500; sinking fund on 1,89«,00() tons
lump coal at 5 cents per ton (lump estimated at 75 p. c. of run of
mines tonnage), $91,500; balance surplus available for dividends,

000
The combined surplus earnings of the two guarantor companies
after the paym nt of their own fixed charged has averaged $1,612,205
over the last three years and continues to be well maintained.
Cumberland Coal & Coke Co.— See Tennessee Central RR.
under Railroads.— V. 73, p. 1114
De Forest Wireless Telegraph Co.—New Enterprise.—This
company incorporated under the laws of Maine, with $3,000,000 capital stock in shares of the par value of $10 each, full
paid arjd non-assessable, owns and controls the wireless telegraph system invented by Lee De Forest, Pn. D Yale
V. 75. p. 241.
University, in coLJuoction with Edwin H. 8myth j »Ld ClarBelleville (III.) Gas Light & Coke Co.— Purchased.— A ence E. Freeman. The Uuittd States Patent Office, after
syndicate including, it is said, H. M. Byllesby and W.N. two years' investigation, allowed fifty-eight claims (1 to
Horner of Chicago. Rudolph Kleybolte & Co. of Cincinnati, 59, inclusive), covering the inventions above referred to.
Turner & Header of Belleville, and Stephens, Turner & Fore- Applicants for patents in the principal foreign countries
man of E*st St. Lou's, recently b ught the plant of ttis com are p ndiag. A representative of the company says
pany for a sum rumor<-d as $240,000 and ast-umed its $50,000
The De Forest system employs no cnmhereome induction onil for the
of 4 p. c. bonds. The company's capital stock was $150,000. transmission of eleotrloal wave energy, and no delicate, slow working
that requires constant tapping
r decohering); on the conBon Air Coal & Iron Co.— Status. Thomas Plater & Co. coherer
trary, this system monopolizes abnolut ly the atti-ooherer principle.
block
lately
off
ere
d
par
of
the
at
a
Nashville,
Tenn.,
who
of
Our method is entirely different from the Marconi system.
We have four stations in New York, and wireless aerograms are
first mortgage 5 p. c. bonds (due 1925) of the Buffalo Iron
being sent and received every minute of the day. The stations are
Co., say:
at No. 7 State St., at No 100 Broadway, at the Oasueton Hotel on
The Buffalo Iron Oo. and the Bon Air Coal. Land & Lumber Co. re- Staten Island, and at C >ney Island, where we have the highest mast in
cently consolidated with the following oapttallz ltton: P eferred 6 per the world, and have communicated with ihe SS Deutsohland at a dis$-'72

1

'

,

—

(

1

cent stock ($2,ft00.0O<), issued $1,650,000; common stock <$<J,SOo,0OO), issued $1,0^0,000. The new Bun Air Coal A Iron Co. assumes
the payment of the bonded indebtedness of the old companies as fol
lows: Buffalo Iron Co., rlrst a'd only mortgage on 70.000 acres of
mineral and timber lands in Wayne, Hickman and Lewis counties,
Tenn.. inoiudlng Iron furnaces thereon, £264,000, and Bon Air Coal,
Land & Lumber Co. (6 per cent bonds, 1928, first and only mortgage
on about 30.000 acres of coal Ian >s), $180 000. Earnings for 1901,
exclusive of Interest on bonds, sloktog fund, taxes and all otber items
of expense are as f»l ow-: Buffalo Iron Oo (net), $tJO.00O; Bon Air
Coal L»nd & Lumber Co. (ue ). $72.00i); total. $132,000. Estimated
Increase in net earuiot* ui.der the consolidation about $168,000;
total estimated net earnings 1902, $300.000.— V. 75, p. 292.

Boston

&

Philadelphia Steamship Co.— Quarterly Divi

— This new organization has

declared a qu irterly dividend of \% P er cent ($1 50 a share), payable Oct. 1, to stock of
record Sept 20. The old company paid dividends semi-annually.-V. 74, p 1309.
Century Realty Co. —Authorized. The shareholders on
Tuesday authorized the proposed increase of the capital stock
from $1,000,000 to $3 000.000. The directors are
H. B Hollins, Oaklelgh Thorne, Robert H. MoCurdy, Richard G.
Park, Charton T. Lewis, Warner Van Norden. Jam** Jourdan.
Charles F Hoffman, E. C. Potter, John C. Tomllnson, W. H. Chetebrough and George H Cjleman.— V. 75, p. 443.
Colorado Fuel & Iron Co.— Suit Transferred to United
Staten Court —The suit of Gsorge E B trtlett for an injunction to restrain the company from holding its annual election
has been traoeferred from the State Court of Colorado to the

dend.

—

:

United States Court John W. Gates eailed for Europe on
Wednesday. A statement regarding the position of Mr. Gates
and bis associates was given oat by counsel on Wednesday
afternoon (see *'New York Evening Post" of Sept. 3.) —V. 75,

tance or nearly 100 miles, using only about 2i.Oi0 volts. We are able
to receive and send messages by our system at the rate of forty
words a mlnut* while U is admitted that by the Marconi system not
nearly as many words a minute can be transmitted. (See Illustrated

American " of Aug. 1«.)
A. White (banker), President; James
Stewart (with Armour
Co.), Treasurer; M. F. Stires, Secretary. Directors also include Lee De Forest, Scientific
Director; C. C. Galbraiih (General Manager of Armour & Co.),
J. L. Morgan, Clarence G. Tompkins, General Manager
(formerly of Stanley Electric Co.) Main office, 100 Broadartloie in •'Scientific

The

officers are:

&

way.
Suit.— The Marconi Wireles3 Telegraph Co. of America
recently filed a bill of complaint in the United States Circuit Court against the De Forest Company for an alleged infringement on the Marco ri basic patent, particularly by the
so-oalled "anti coherer."

Drlggg-Seabury Gun & Ammunition Co.—-Safe,— Judge
John M. Thayer of the Superior Court at New Haven on
Sept. 2 ordered that unless the plant is sold at private sale
oa or before the fourth Tuesday in September, it must be
sold at public sale at Derby on 0:t. 15.
New Company.— The D -iggs-Sea^ury Ordnance Corporation whs incorporated in New Jers y on or about August 7,
with $100,000 authorized capital stock. Incorporators: Wm.
H. D.iggs, Washington, D C Ralph G. Corbin, Jersey City,
and Charles H Werner, New Yurk.— V. 74, p. 683.
Do inion Coal Co.— Rental Paid.—See Dominion Iron &
:

.

below.— V. 75, p. 188, 27.
Dominion Iron & Steel— First Payment Under Lease.—

Steel Co.

On Tnursday final arrangements were complete 1 for taking
Reorganization.
See over the property of the Dominion Coal Co und->r lease, and
Consolidated Liquid Air Co.
the first payment of rental, viz $1,2' 0,000, for the pist nine
Trip'er L'qu d Air Co. below.
Directors.— Tne following, it is announced, are the direc- months, was made. From this sum the coal company has
declared a dividend of 4 per cent for the half-year on its
tors:
p. 443, 396.

—

—

,

—

Edward common capital stock. V. 75, p. 293, 188.
Edison Electric Co., Lot Angeles. Re caoitalization —
The company is incorporated under the laws of New Consolidation. In connection wuh the makiag of the new
mortgage already mentioned, plans are in oontemplat'on for
York State.
$i0 000,000, of
Continental Coal Oo. — Guaranteed Bonds Offerei. —Rir- increasing the capital stock from $2,000,000 to
which
it is said, will be 5 p. c. cumulative prefer$1,000,000,
vey Fiek & Sods are offering at 105J^ and interest $1,000,000
red. The plan, it is understood, contemplates the exchange
of this company's present issueof $2,750,000 first mortgage 50present stock for an equal amonnt of new preferred
year sinking fund 5 p. c. $1,000 gold bonds, du9 Feb. 1, 1952, of the
with 20 p. c. of the new common stock as bonus; also
but subject to call at 110 and interest when drawn for the stock
consolidation with the Edison of the Redlands Light &
sinkiDg fund, on aoy interest day after 1906, and also a' the the
company's option, in whole or in part, on any interest day Power Co., Santa Ana Gas & Electric Co., Pasidena Eiectric
Co and other em corporations. — V. 75, p. 203, 79.
after Feb. 1, 1912. Toe principal and semi annual interest
Evanston (111.) Yaryan (Heating) Co.— Foreclosure.— The
are|separately and unconditionally guaranteed by endorsement
on each bond by the Hocking Vallev Railway Co, and the Northern Trust Co. of Chicago at mortgage trustee has
Toledo & Ohio Central Railway Co. The authorized issue is brough-. fui'. in the Superior Court in that city to foreclose
the$4i0.000 mortgage of 19)1, under which it is said $189,$3,5 0,000, of which $750 000 bonds are reserved for improve
ments or additions to the property. The Standard Trust Co. 000 of 5 p c. 20 year gold bonds are outstanding and in default.
of New York is mortgage trustee. A circular says:
The sinking fund will receive five cents per ton of 2,000 lbs. of lump
(George A.) Fuller Co.— Listed.—The New York Stook
coal proouoed and marketed from the property now owned or let e«-n Exchange has listtd the Central Trust Co. certificates of deor hereafter acquired. The entire capital stock ($3,500,000) is held by
as trustee, with fall voting p >eit representing preferred and common shares turned in
the Arm of Messrs. J P Morgan & C
power during the life of the bonds, a faot which assures a judicious tor exchange in'o stock of the United States Realty & Conand efficient managen ent.
struction Co. Preferred stock for $3 55O,00J and common
General Manager T. W. Guthrie, in a letter dated April 25, 1902, stock for
$9,200,000 have thus far been deposited; V. 75,
says: "This corporation has »cquired by purohasetbe ooal properties,

A. M. Miller, Charles E. Tripler, 8t. Charles B. Gwynne,
Uhl, H. W. Mueller, G. W. Ballou and J. B. M. Grosvenor,

—

>.,

equipment of la operating mines situated in Perry, Athens
and Hockintc counties, Ohio, la what is known as the 3o. kin* District, along the liuesof the Hooking Valley, the Tolnio & Ohio Contral
and tho C< luuibus 8aud<<sky & Hooklug railroads. This property consists of about o 6.400 acres of ooal held in lee and under leaseholds,
and Is composed to a large extent of well-developed mines which
have been successfully "perated daring pa«t years The land is underlaid b.v two s ams, carrying coal of a varying thickness up to 13>a
feet, and oonserva'ively estimated as oont <lnlng from 160,000.000 to
180,000,000 tons of coal. The mining equipment is of most modern
character and is in excellent condition. The ooal pro luoed is suitaleasee and

p. 397, 241.

Los Augeles Electric Co.— Mort age.— The shareholders
Los Angeles on Oct. 29 upon a proposal to issue
$500,000 mortgage gold bonds. The company began operawill vote at

tions in 1882; its authorized capita! stock is $6<i0,o00; issued
H. Burns
about $543,000. W. B. Cline is President and

Wm.

is

Secretary and Treasurer.
£*""

For otber Investment News aee face 60U.

:

September

—

.

6,

THE CHRONICLE

1903.]

501

uu& ^otnmmt*.

jepcrrls

NORFOLK & WESTERN RAILWAY COMPANY.
ANNUAL REPORT— FOR THE YEAR ENDING JUNE

SIXTH

To the

Philadelphia, September 3d, 1902.
Sharehclders of the Norfolk & Westtrn Raxlxcay

Company
The Board of Directors herewith submits
operations of the
1902:

Company

its

report of the

for the year ending

June

3Uth,

MILES OF ROAD OPERATED.

Mam Line.

Lambert's Point, Norfolk, to Columbus,
703-76 Miles.
Ohio
66-06 Miles.
Branches
115-43 "
Lynchbukg to Durham
Branches
Roanokk to Winston-Salem

3*48

"

1196

"

-20

"

Bran> bes

Radford Junction to Bristol

1259

"

35*57
Branches
Graham to Norton
12-47
Branches
Portsmoi th Junction to Cincinnati and

"

Branches

,

&

142-33

238-11

"

121-30

"

100 40

"

105-S2
3 51

"
"

"
"

12*48 miles of- new branches were constructed and 35'62
miles of additional sidings and 21-73 miles of new second
track were put in operation during the year.
The average mileage operated during the year was 1,677
miles, as compared with 1,660 during the previous year.

GENERAL INCOME ACCOUNT.
and Comparison with

Previous Year.

139.5s004

*1901
$2,134,590 34
13,505.11831
208,198 68
210,486 17
120,675 25

"
"

$17,552.204 98

$16,179,068 75

902.

$2 379.475 83
14,^94,280 59
216.V22 55
222,645 97

Miscellaneous....
Total Earnings

Expends —

Maintenance of

Inc. or Dec.

1,0»9 162
7.8,024

7.12.160
2.18,905
7.

$1,373,136

$2,131,048 35

$2,104,886 66

2,334,585 92

2,363,934 80

4.E53.109 20

4,556,737 10

817,484 02

760,198 17

Operating expensee.$10,136,227 49

$9,785,756 73

tion

General Expenses

7.

$26,162

D. 29,349
7.

296.372

In-

cluding Taxes

7.
7.

57,286

$350,471

Net Earnings from Operation

$7,415,977 49

$6,393,312 02

74,894 45

68,616 55

7.

$1,022,665

To -which arid—
and Dividends...

Int.

Total Income

$7,490,871 94

$6,461,928 57

Int. on Funded Debt.. $2,352,402 23
Interest on Car Trust
Obligations
5 375 00

$2,256,813 34

7.
7.

6,278

$1,028,944

From which deduct—
Rental or Equipment.

11,237 50

10,000 00

$2,367,777 23

7.

$2,268,050 84

$95,589

7.

5,863
$10,000

7.

$99,726

7>.

Net Income.
.... $5,l 3,094 71
7.8929,217
$4,193,877 73
From this net income for the year ending June 30, 19O2.$5,123,094 71
The following amounts have been deducted:
Dividends—
On Adjustment Preferred Shares:
2 per cent. Aug. 23, It 01.$454,970 00
r

and issued con$66,000,000
23.000,000

$89,000,000

Total

During the year 43 shares of adjustment preferred stock
which were in the treasury of the Company were given in
exchange for bonds of the old compiny which had not been
deposited under the plan of organization; and at the close
of the year there were in the treasury of the Company
$247,200 of adjustment preferred stock and $1,530,800 of
stock.

FUNDED DEBT.
The Trustee of the First Consolidated Mortgage delivered
to your Company, under Section 5, Article I., of that mortgage, $2,00(».00O, of the bonds issuable thereunder these
;

bonds, together with $900,000 of the bonds previously issued
and in the treasury of the Company, $2,900,000 in all, were
sold and the proceeds applied to partly reimburse the Company for the capital expenditures previously made.
Of the First Consolidated Mortgage bonds in the treasury,
$3,000 were used in acquiring $5,000 undeposited bonds of
the old company. These transactions increased the outExcluding $19,750
standing funded debt by $2,903,000.
of First Consolida ed Mortgage bonds remaining in the
treasury, the funded debt outstanding June 30th, 1902,
aggregated $53,079,750, and the annual interest charge
thereon is $2,414,610.

$244,885

7.

7.

Way and

Structures

Maintenance of Equipment.
Conducting Transporta-

of capital stock authorized

660.000 chares of common stook
230,100 shares of adjustment preferred stock

104-68 Miles.
"
533-69

Mail
Express

The amount

"

37-54
6 85

Total second track
Sidings

FreUht

-

4349

3-87 Miles.
1-78
"
104 "
5360 "

Sciotoville to Portsmouth Junction.

"
"

The operating expenses, including taxes, amounting to
$452,715 39, were 57-75 per cent of the gross earnings, as
against 60'48 per cent for the preceding year. Exclusive of
taxes, the operating expenses were 55-17 per cent of the gross
earnings, as against 57 89 per cent for the preceding year.
The gross earnings were $10,466 and the net earnings $4,422
per mile of road operated.

common

Second TrackLambert's Point to Norfolk
Norfolk & Southern Junction
Lynchburg Island Yard
Webster to Radford
Oakvalk to Vivian

1

$2.81 5.546 20

For purposes of comparison, the results for both years from the
Cincinnati Portsmouth & Virginia RR. are in< lu^ed in the above incoine aco< unt as well as in the statistical information given in other
*

sists of

1.685-00

Total

Earnings—

Balance to credit of Profit and Loss June 30, 1902

"

142-33

From Passengers

$18207308
2,633,471 12

credit of Profit

110-75

1,54267

Branches

1902,

.

and Loss June 30, 1901

"

Terminal RR...

For the Year Ending June 30th,

Brought forward

Amount to

CAPITAL STOCK.

North Carolina Junction to Fries.

Ivortd\ie
Columbus Connecting

1902.

parts of this report.

The length of line in operation at the close of the fiscal
year was 1,6;5 miles, as follows:

Brand es
Roanoke to Hagerstown

30,

FIRST CONSOLIDATED MORTGAGE.

Under

Article I., Section 5, of the First Consolidated
Mortgage of October 22d, 1896, provision was made for
$9,690,511 of bonds issuable to the amount of, but not exceeding, $1,000,000 each fiscal year, to be used for the construction or acquisition of branch lines, extensions, terminal properties, rolling stock, or other additional property
and for betterments and improvements; of these bonds
$6,000,000 have been sold from time to time. The surrender
and abrogation of the right reserved under Article I.. Section 4, to issue "prior lien" bonds, referred to in the last
annual report, makes available for your Company's necessa-y purposes the further sum of $3,500,000 of bonds secured
by that mortgage. Exclusive of the works of construction,
additions and improvements which have been paid for out of
tbe "Betterment Fund" created out of the surplus income,
and also exclusive of the expenditures for the acquisition of
the Cincinnati Portsmouth
Virginia Railroad and the
cash payment under the Equipment Trust of March 1st,
1902, the aggregate charges to capital accounts for such
works to June 30th, 1902, were
$7,773,413 47
The sale of $6,000,000 bonds issued under Article
I., Section 5, of the mortgage furnished
5,750,194 45

&

Leaving as excess of prope rty expenditures

$2.023.219 02

<

2 per cent, Feb. 21 , 1902. 455,044 C

_
n
On Common

$910,014 00

.
Q
Share?:

advisable.

The unsold bonds issuable under Sections 4 and 5 of
I, become available as follows:
On and after July 1st, 1°02
$4,500,000

1 per cent, Dec. 19, 190l$644,692 00
1 per cent,

June

20,

1902 644,t92 00

Article

1,289. 3S4

Betterment Fund
Discount en bonds

sold, branch lines
and spins, rionat'ona to hospitals
and Young Men's Christian Associa-

and advances to subsidiary
companies
Payment to the Pocahontas Coal <fe
Coke o on a count of deficiency

This excess of cost of additional property and improvements over the proceeds of bonds sold under Aiticle I,
Section 5, has been advanced from your treasury and it may
be reimbursed by the sale of bonds available under the
mortgage provisions when such reimbursement is considered

00

2,500,000 00

"

"

tion

interfst.

Nor oik

&

Western—

Pocahontas Joint Bonds. „....

1903
1904
1905

1,00.000
1,000.(00
690,511

Reference was made in the last annual report to the acby your Company of the Cincinnati Portsmouth &
Virginia Railroad, the Cincinnati Connecting Belt Railroad
and the Hillsboro Branch, in all some 131*69 miles of railway, and, acting upon the authority given at your last an-

quisition
161 229 89
4,941,019 63

Balance

1st,
1st,
1st,

$7.1 90,511

80,391 74

(

of

"

$182,07508

.

THE OR^ONICLE.

502

nual meeting, this property was deeded to your Company
of its system. A portion of ths road,
6*85 miles in length, is parallel with your line, and with it
forms a double track from Sciotoville to Portsmouth Junction, and is operated as a part of your main line but from
Portsmouth Junction, where the lines diverge, to Cincinnati, a distance, including the Belt Line and the Hillshoro
Branch, of 124-84 miles, it is operated as the incionati Division. The cost of this entire property, with the improve
ments made thereon west of Portsmouth Junction to June
30th. amounting to $2,120,427 66, has been paid for out of
your treasury and is not covered by any[existing mortgage.
As will be explained more fully in another part of this report, your Company has undertaken the construction of a
low-grade line down the Big Sandy River, a distance of
about 60 miles, and has also in contemplation, as referred to
elsewhere, the cons ruction of a loop line to permit of
further developments in the Pocahontas Coal Field.

ana became a part

;

<

CAB TRUST OBLIGATIONS.
The following Car Trust obligations and bonds have been
paid during the year:

[Vol.

LXXV.

of the acquisition of the property about 34,350 acres of land
were under lease to twenty-five mining companies in active
operation; and from these lands during the twelve months
ending December 31st. 1901, there were produced 2.645 682
gross tons of coal and 677,190 tons of coke; and the royalties
therefrom amounted to $358,575; in addition to which 5,447
acres were under lease to six mining companies who were
enga ed in opening mines and building ovens, but shipments from these lands did not begin until after January
1st, 1902
On December 31st, 1901, a lease of 50,000 acres additional
was made by the Pocahontas Coal Coke Company to the
Illinois Sreel Company, to be assigned to the United States
Coal
Coke Company, the coal and coke therefrom to be
used in furnaces and works owned or c ntrolled by the
United States Steel Corporation. This lease provides for
the erection of not less than 1,000 coke ovens on or before
December 31st, 1902, an additional i,' 00 ovens on or before December 3lst, 1903, and a further additional 1,000
ovens on or before December 31st, 1904, and also provides
for the payment of minimum royalties, and its performance
by the lessees is guaranteed by the United States Steel

&

&

Corporation.
Until the plants contemplated in these new leases are
completed and in operation, the net income of the Poca$lt2.QOQ hontas Coal & Coke Company will be less than the interest
on the joint bonds, but this temporary deficiency has been
Leaving outstanding Jane 30th, 1902—
provided for through an agreement between your Company
Oar Trust certificates of 1892
.
$30,000
OaiTiunt bonds of 1893
40,000 and the Pennsylvania Lines West of Pittsbu g, by which
Equipment Mortgage bonds of 1888, due, but not presented..
2.00o these lines will co-operate with your Company in the transportation of coal and coke from the Pofahontas Field, fur$72
nishing their proportion of the cars required for such traffic
and joining with your Company in loaning to the PocahonEQUIPMENT TRUST CERTIFICATES.
tas Company, without interest, in the proportion of twoYour Company's traffic and revenue have long been re- thirds by your Company and one-third by the Pennsylvania
stricted by the lack of rolling stock, and, to provide for the Lines, such amounts as may be necessary to meet such detraffic now offering, Equipment Trust agreements were
ficiency, the amounts so advanced to be repaid pro rata
executed March 1st, 1902, covering the lease from the Vir- when the net receipts exceed the amount required for interginia Company of 53 locomotives, 5.000 freight cars, 25 est payments and sinking fund.
passenger coaches, 2 baggage and mail cars, and 4 express
When these new mines are opened and ovens completed,
cars, the whole costing $5,000,478, of which $1,500.0(10 was the royalties received from the 89,7^7 acres of land now
paid upon the execution of the agreements and S3,500,0i is under lease will, it is believed, be more than sufficient to
represented by 4 per cent trust certificates issued by the meet the interest on the bonds.
Fidelity Trust Company of Philadelphia, payable in seven
The net income of the Pocahontas Coal & Coke Company
annual instalments of $500,000 each, beginning September for the * x months ending June 30th, 1902, was $247,505.
Deliveries of the new equipment begin in
1st, 1905.
A balance sheet of the Pocahontas Coal & Coke Company
July.
is attached to this report [pamphlet].

Car Tru-t certificates of 1892
Car Irust bonds of 1893

$57,000
55,000

POCAHONTAS COAL & COKE COMPANY.

VIRGINIA COMPANY.
Virginia
Company's
capital stock (except qualifying
The
fields contiguous to your line; lands were purchased, new
Directors)
belongs to your Company.
shares
held
by
the
mines opened, and more attention given to the coal territory tributary to your lines than ever before. This was es- Its property valuations have been revised and its indebtedpecially the case in the Pocahontas Coal Field, and was ness to your Company for advances m de for purchases of
doubtless due to the increasing demand for coal and coke properties held and used in the interests of your Company
consequent upon the continued growth of the iron and has been canceled and eliminated from the accounts.

The past year was one of exceptional activity in the coal

steel industry, as well as to the fact that the superior qual ity of Pocahontas coal, not only for the manufacture of
coke, but for making steam and for domestic purposes, is

now

generally recognized.
The coal and coke traffic of your Company during the past
year amounted to 7,056,721 tons, of which 5,572,6 '2 tons were
produced from the Pocahontas Field. The Pocahontas oal
'

&

Coke

ompany having purchased approximately

295,000
acres of the lands in the Pocahontas Field, your Directors
deemed in necessary for the protection of the interests of your
Company to purchase all the capital stock of the Pocahontas
i

A

balance sheet of the Virginia

interests in lands.

Betterment

Property
Arcuunl.

Fund.

$1.07 91

R^alestate
Kollinir stock

Stat ons. buildings *nd shops

water and sand supply plants
Br*nch«n and •xtcusions
Second track (imludui!,' tunneling)....
Fenoi.g
<'oal.

44«,629
22,577
9.010
226,963
571.976
24.866

$7.037 06
131.757 86
17,073 53

18
17

18,256 62

10

1,72186

or either of them, to the holders of the bonds, the Railway Company and the Pobahontas Company being each
jointly and severally liable thereon.
Beginning with the year 1906, a sinking fund of 2% cents
per ton of coal mined is to be set aside and used by the
Trustee in the redemption of the bonds at not exceeding 105
per cent, and the right is reserved to the Company at any
interest period tos call in and retire at 105 per cent all or any
portion of the outstanding bonds.
The property belonging to the Pocahontas Coal
Coke
Company comprises about four-fifths of the Pocahontas Coal
Field and is about midway between the tidewater terminal
of your railway at Norfolk, Va., and the Ohio termini of the
Company at Cincinnati and Columbus and throughout the
greater part of its area the No. 3, or Pocahontas, -earn of
coal is above the water level, persistent and uniform in
character and thickness, and at a convenient height above
the railway tracks, permitting self draining mines of great

43.923 40

;

extent and economical working.
The Pocahontas Coal & Coke Company dies not engage in
the mining or buying or selling of coal or coke,

its

principal

purpose being to make leases on royalties to operating companies; and on leases now made the royalties are 10 cents
per ton on coal and 15 cents per ton on coke. At the time

Flo »dpr teciion
Sundries.

..

o9
02
71

93,811 04
7,e40 76

&

in-

:

behalf the Pocahontas Company should pay the principal Sidings, p»ssing sidings and yards
and interest to become due upon the joint bonds, but this Replacing bridges ana trusties
agreement does not affect the liability of the two compan- Improving alignment and grade.
ies,

attached to

creasing its transportation facilities has been continued, and
the amounts expended for such purposes during the year
aggrega r ed $2,889 457 24, of which $1,450,537 74 was charged
to Property Accounts, and the remainder, $1,438,929 50, was
charged to the Betterment Fund, as follows
Oh-arjed Agst.
Char iied to

was agreed between your Company and the Pocahontas
...
Coal & Coke Company that as between them and on then- B-lNstng
Lining tunnels
It

is

CONSTRUCTION, EQUIPMENT AND BETTERMENTS.
The work of improving the Company's property and

Coal& Cok j Company (except qualifying

shares held by the
Directors of the company) and joined with that company in
the i sue of $20 000,0004 per cent purohase-money mortgage
bonds, due December 1st, 1941, in settlement for toe purchase
by the Pocahontas Coal & Coke Company of its lands and

Company

this report [pamphlet].

4,959 65
18,587 83

39S 94
1,105.16s
120,735
1,745
13,207

91

52
90
68

$1,438,929 50
$1,450.527 74
Total
In addition to the $1,438,929 50 expended for the additions
and improvements to tne Company's property and charged
to the Betterment Fund, a further sum of $215,130 was expended and charged directly to operating expenses.
The Betterment Fan t, oreated out of surplus income,
$2,334,725 60
had to its credit T uoe 30th 1901
There was credited to this I'uud out of the surplus in.. 2,500,000 00
come of tlinyetr ending Junei 30th, 1902
Unexpended balance in "Flood Account" June 30th,
14,435 72
1902, transferred to Betterment Fund

$4,849 211 32

Charged against Betterment Fund during the year
Balanoe of Fund at close of year

1,438, 92 J

50

....$3.4 '0.281 82

TRAFFIC.
2.630,615 passengers were carried during the year, an increase of 236,i70,or 9-86 per cent, as compared with the
previous year.
The revenue from passengers was $2,379,475 83, an increase
of $244,885 49, or 11-47 per cent, as compared with the previous year.

:

September
'Jo

THE CHRONICLE.

8, 1902.]

per cent of revenue from passengers

was derived from

local business.
18,868,100 tons of freight were carried during the year, an
increase of 924.036 tons, or 8-15 per cent, as compared with

the previous year.

The revenue from freight increased $l,0S9,162
per cent, as compared with the previous year.

28, or

8"06

9 L per cent of the total tonnage an i t>7-4 per cent of the
earnings from freight were derived from local business.
Coal and coke shipments were affected by labor troubles
in the coal fields beginning May 25th, causing a curtailment
of shipments of both coal and coke, which continued to the
olose of the fiscal year, but this traffic amounted to 7,056,721
tons, or 57 5 per cent of the total tonnage.
Included in the above were 592,387 tons of coal shipped to
foreign markets a decrease of 1S5.410 tens as compared
with the previous year, this decrease being due to the
necessities of the home markets and the inabili'y of your
Comp.my, owing to the lack of sufficient cars and engines,
to transport the business offering.
The following statement shows the passenger and freight
traffic for the > ears 1902 and 1901
-

Number of passengers
Passengers earned one m.
one
Pas enge s carried
mile - per mil* of road .
Revenue from pas *engers.
Average rate per passenger uer mi e, cents
Average haul per passenger, mites

Total

number

tons

1902.
2,630.615
101,275,037

1901.

89,787,184

60.391
$2,379,476

54.083
$2,134,590

2,3^)4.445
I.

Inc or Dec'
I. 236.170
11,487,903
1.6,301
$244,885

I.

2*350

2377

D. -027

38-50

37*50

I.

of

TRAIN* MILEAGE,

EARNINGS PER TRAIN MILE

AND TRAIN LOADS,
Miles run by passenger trains
number of passengers

Avert) ge

trainmile
Earnings per
trains,

cents

1902

AND

1902.
2,442,552

1901.
1901.
Increase.
2,371,515
70,707

per
41-47

3786

361

115-40

107-66

7-74

run by passenger
including mail and express,
n.ile

..

Earnings per mile run bv passenger
trains, exclusive of mail and express,
cents
97-43
Miles run by freight trains
.....6,625,432
Average number of tons of revenue
freiaht per train mile
476
Earnings per mile run by freight trains,
cents
22028

9001

7-42

6,403,115

222,317

452

24

210-91

9-37

Notr —The revenue train mileage does not inolude mileage
ers

The construction of this branch,
which, when completed, will be one
of the most important feeders to your line, was undertaken
during the year, and on it will be located the coal and coke
operations of the United States Coal & Coke Company. At
the close of the year the Branch was nearly comple'ed and
the United States Company had large forces at work opening mines and constructing ovens.
Iaeger & Southern Railway Company. At the time of
the acquisition bv your Company of itsintere-ts in the
Pocahontas Coal Field, it also acquired the control of the
property and franchises of the Iaeger & Southern Railway
Company and of the South West Virginia Railroad Company, lines projected to penetrate the western portion of the
Pocahmtas Coal Field, ard of which about 6 miles were
completed and in operation and some 4 mi'es additional
were graded. The line of railway as now projected forms a
junction with your main line at Iaeger Station, which is beyond the northern boundary of the Pocar ontas oal Field,
follows the waters of the Dry Fork Branch of Tug River and
its tributary, Horse Pen Creek, to its source, crosses the
Flat Top. Mountain, and thence to a connection with your
line near the southern limit of the Pocahontas Field, the
distance being about 50 miles, the greater portion of which
Upon and
will be through the Pocahontas Coal Field.
tributary to this line are some 27,000 acres of coal land
owned by the Berwind- White Coal Mining Company, of
Philadelphia, an equal area owned by the Farraday Coal &
Coke Company of Pittsburg, and some 32,000 acres of the
lands belonging to the Pocahontas Coal & Coke Company,
leased to the United States Coal & Coke Company. Surveys
and negotiations preparatory to the construction of this important-feeder to your line are now in progress.
Kenova & Big Sandy Railroad and Naugatuck
Branch: The industrial devel pments on your lino, and
especially in the Pocahontas Coal Field, render it essential
o meet the growth
that increased facilities be provided.
of your wester traffic numerous long double parsing sidings
are being constructed between Vivian and Naugatuck, a distance of 93 mi es, the alignment being improved by reducing curvature, and eventually these L'lig sidings will be
connected and form a second track. Between Naugatuck
and Fvenova the distance by your present line is 83 miles,
included in which are some 15 miles of grade against the
traffic.
It stead of building a second track along the present line it has been decided to construct a new single-track
line followii g the waters of the Big Sandy River from
Naugatuck to Kenova, the distance by this line being some
60 miles. About 85 miles will be constructed as the Naugatuck Branch of your Company's Ohio Extension and the remainder will be constructed under the charter of the Kenova
and Big Sandy Railroad Company. This new line will be
used for the heavy w*st-bound traffic, the lighter eastbound traffic and empty cars using the old line. With this
new line completed your Company will have a line from the
Pocahontas, Tug River and Ttaaeker Coal Fields to Portsmouth, Ohio, a distance of about 230 miles, without adverse
grades. From Portsmouth to Columbus, Ohio, a distance of
100 miles, there will be no grades against the traffic exceeding 26 feet to the mile when the improvements to that portion of the line now in progress are completed. With these
improvements and with suitable yard facilities at Portsmouth, arrangements tor which are now in progress, your
Company will be in a position to transport its heavy west:

10 miles in length,

some

—

(

t

100

freight
11,344.0*4
12,?68,100
J. 924,036
Tons carried one mile.
3,151,911,924 2,897,194,460 J. 254,71/, 464
Tons carried oue mile— per
mile of road
1,745,29s
1,879.494
7.134,196
Revenue from freight
$14,r>94,2sl
$13,505,118 I. $1,039,162
Average iate per ton per
0-4*15
mile, cent*
0463
D. 0003
Average haul, miles
2 692
2 5 39
J. 1-53
5,12i,966
Coal, t- ns
5,571,068
1. 445,102
Coke, tons
1,4-5.653
1,390.815
I. !>4 S3
Iron ore. tons
6V6.730
868.053
7 241.328
Limestone, tons
337.599
1, 37,895
375,494
Pigiron, tons
45*. 202
427,438
_
1.30,784
Grain, tons
2s*.812
7). 81.664
207,148
Lumber tons
9H3 025
1,101,841
7.118,816
All other articles, tons ...
2,200,636
2,163,6/9
7.36.957

REVENUE

Tug Fork Branch

503

and switching engines.

of help-

EQUIPMENT.
The equipment has been maintained

I

in good condition
throughout the year, the charges 'or maintenance being
$2,334,585 92. This includes $106,747 for replacing equipment bound traffic in maximum train loads at a minimum of cost.
destroyed or retired from service and $470,000 cnarged lor
Radford Southern Railroad & Mining Company. This
depreciation,
railroad, projected to connect with your line at Radford and
2 sea-going tugs and 6 barges were sold during the year, to extend in a a southerly direction to limestone quarries
and the proceeds will be used to acquire additional rolling and ore mines on the New and Little Rivers, bas been
stock.
graded and prepared for the rails for a distance of about 5
There were added to the equipment during the year
miles, and its control has been acquired by your Company.
You are asked to vote upon the acquisition, by purchase,
20 lo omotives,
10 cabin cars,
501 box cars,
consolidation, or merger, of the railroad property and franl steam wrecking crane,
250 st »«'k cars,
1 steam shovel,
chises of the Iaeger & Southern Railway Company, of the
34') D. B. toudolas,
1 scale test weight car.
South West Virginia Railroad Company, of the Kenova
177 H. B. gondolas,
& Big Sandy Railroad ompany, and of the Radford
The aggregate cost being $1,073,767 71, of which $446,- Southern Railroad & Mining Company (none of! which
629 59 was charged to Capital Account, and of the remainder, properties are covered by any existing mortgage except
$620,101 06, charged to operating expenses, through the the last-named company, which has outstanding $56,000
Equipment Renewal Fund, and $7.037 06 to Betterment first mortgage bonds, all of which are owned by your ComFund.
pany); and to approve of the terms of such acquisition, as
There were also ad led 2 barges for use at Lambert's Point. well as to approve of the location and construction of the
With the Cincinua i Portsmouth & Virginia Railroad the Naugatuck Branch, as above described.
following equipment was also acquired:
To provide for the increasing traffic to the East and South,
the work of reducing curvature and grades ind construct12 locomotives,
294 freight cars,
11 passenger oars,
12 maint. of way and cabin cars. ing second track has for several years past been in progress,
and, at the close of the year, out of a total distance of 145
At the close of the year the Company's
equipment
conr
x
r
miles between Vivian and the summit of the Blue Ridge, 90
j
sisted of:
miles of second track were completed and in operation and
70 passen?er eng'nes,
243 passenger cars,
20 miles under contract. When this is completed there will
397 freight engines,
21,009 freight cars,
35 switohing engines,
521 maint. of way and cabin cars, remain a gap of 35 miles on which there are now some 5
and
miles of long double passing sidings which will in time be
ov *
7 harbor barges.
used as second track, reducing the length of second track
At the close of the year there were in the shops under- still to be placed under construction to 30 miles. This regoing repairs 45 engines, or 8-96 per cent; 12 passenger cars, maining
portion of the work is on the New tiiver, and owing
or 4-8 per cent, and 516 freight cars, or 2-5 per cent.
to rock cliffs, necessitating several tunnels, the work is expensive, but nece-sary, and should be prosecuted to compleGENERAL REMARKS.
tion within the next two years. The second track should
The sum of $2,500,000 was charged against income and also be continued eastward from the Blue Ridge.
crdited to Betterment Fund for the betterment and imSubstantial progress has been made in replacing wooden
provement of the Company's property.
bridges and trestles with permanent structures, and when,

—

:

<

THE CHRONJCLB

504

within the next sis months, the improvements now under
are completed, but little of this class of work, excepting upon your Cincinnati Division, will rem tin to be done
upon the main divisions of your line. Good progress has also
been male in straightening the line and reducing grades.
Station facilities have been enlarged and impro/ed, and a
new and commodious passenger station is under construction at Bri tol and asimilir structure at Farmville has been
authorized and will be undertaken without delay.
The re-laying of the main divisions of the hne with 85-

way

rail in substitution for rails of lighter weight h is been
proceeded with, and substantial progress has been made towards the completion of the proper ballasting of the line.'
The repair shops at Roanoke have been enlarged and much
new and improved machinery installed, and in general the
physical condition of your property has not only been fully
maintained, but has been materially improved.
The continued improvement of your property has enabled
the Transportation Department to maintain its creditable
record of operating efficiency. The details of the operation
de
of that Department, as well as of the improvements

pound

LXXV.

[Vol.

during the year, are shown in the report of the Vice-President and General Manager appended hereto [in pamphlet].
Mr. Henry Fink, who served as President of the Company
from October. 1896, having expressed a desire to be relieved
of the exacting duties of his position, was. on March 5th,
elected ('hair man of the Board of Directors, Mr. F. J. Kimball at the same time retiring from that position and being
elected President to succeed Mr. Fink.
Mr. L. E. Johnson was appointed Vice-President in addition to his po-ition as General Manager.
Messrs. Pri-e Waterhouse & Co. having been re-elected
by the stockholders at the last annual meeting to audit the
books and accounts of the Company, their certificate is
attached to the balance sheet.
The officers and employes in all departments of the Company's service have faithfully discharged their duties during
the year.

By

order of the Board.
F. J.

KIMBALL,

m

frsident.

NORFOLK & WESTERN RAILWAY COMPANY-GENERAL BALANCE SHEET JUNE

30TH, 1902
Comparis'n with

DR.

June. 30, 1901.

Cost of Road and Equipment Railroad franchise* ami other property
Rolling stook

$128,104,642 28
12,363,52125
5140,468.163 53
2,120.427 66
1,500,000 00

Cincinnati Portsmouth & Virginia Railroad, Cost of.
Equipment Trust, March 1st. 1902, Rolling Stock...
Company's Securities in the Treasury Adjustment preferred stock

Common

Ktofk
First consolidated mortgage bonds

7.2,120,427 66
I. 1,500,000 00

$247,200 00

7>.

1,530,800 00
19,7oO 00

,

$344,136
217,117
54.151
353,659

,

Tratflo balances

United States Government
Individuals and companies

4,300 00

D. 903,000 00
1.797,750 00
1,494,985 00

investments in other companies.
Accounts Re eivableStation agents

$1,036,933 74
i. 446.629 59

7.

D. 916,797 50

92
37
2S
55

7.

99,533 87

D. J*l,240 45
7. 4.197
7. 35,671

65
36

969.0«5 12

Insurance paid in advance

12,92125

,

Material and supplies
Pocahontas Coal A Coke Com pant CASH ADVANCES FOR ADDITIONAL REAL ESTATE.
Cash

SIM, 208,949

Capital htock Adjustment preferred
Couimou

D. 19,390 13
204,544 52
7. 170,908 41
D 316,424 49

1,262,632 15
170.908 41
1,412,095 99
11

7.

/.

$3,3^7.688 23

OS.
$23,000,000 00
66,000,000 00
$89,000,000 00

Funded Debt South side Railroad Company consolidated mortgage bond
Virginia & Tennessee R llro >d Company enlarged mortgage bonds
Nof Ik & Western Railroad Company general mortgage 6 per cent bonds
New River Division first mortg "ge per ceut bonds
Improvement ao1 e*te sbm mortgage 6 per cen' bonds
Scioto Vallev & N^w England Railroad Co. first mortga re 4 per cent bonds.
Columbus rtonneiitin* & Terminal RR. <:o. 5 per cent mortgage houds
Norfo k & Western Ry. Co. first consolidated mortgage 4 per cent coupon bonds
Norfolk &. Western Ry. Co. nrst consolidated mortgage 4 per cent registered bonds.
fl

$1,000
5,000
7,283.000
2,000.000
5.000,000
5,000,000
600,0
30,653,500
2,557,000

00
00
00
00
i

00
Oi)

00
00

I.
1.

$616,000 00
1,384,000 0»

53,099,500 00

Equipment Li*ns—

& Western Railroad Co.—
Equipment mortgage bonds of 1888
Car Trust certificates of 1892
Car Trust bonds of 1893
Car Trust bonds due April 1st, 1902, not paid.

Norfolk

$2,000
30.000
38.000
2,000

-

00
00
00
00

D. 57,000 00

D

57,<
7.

00 00

2,000 00

72,000 00

Interest on funded debt, accrued

634,, 94 83

7.

33,398 18

Accounts Payable—
Payrolls. ..
Aud ted vouchor
i

$587,874 94
721.588 27

i

7.85,617 25
1,633 02
D. 13.244 82
A 58,158 26

7. 1.

83.74133

Traffic balances

Individuals and companies

137,109 50
30,314 04
198,657 17
3,410,231 82
1,'

Taxfs Accrued
Betterment Fund
Reserve funds—
Equipment renewal..
Rail renewal.
Casualty.

$431.125 98
39 859 59
11,984 69

Cross-tic renewal (Dr. balance)

$482,970 26
35,115 21

89.546 94
17,093 79
D. 10,333 38
7.

7)

7).

447,8^* 05
2,815,546 20

Profit and Loss

7. 50,046 79
7.8^3,767 84

#151. 208,949 11

7.

3,883 14

182,075 08

7 3.337,688 23

Note —The Norfolk & Western Railway Company and the Pocahontas noal & Coke Company are jointly aud severally liable for $20,000,000 4 percent bondn. but as betwen the two nomiianlm tkisdebt is to b-< paid by the latter company and appears on its balance sheet. (See
pamphlet report
For details of Equipment Trust of March 1st, 1902, see page 502.
)

DESCRIPTION OF FUNDED DEBT OF THE NORFOLK & WESTERN RAILWAY COMPANY AS OF JUNE 30TH, 1902.
General Mortgage of the Norfolk & Wfstern Railroad
River Division from Radford Junction to Kvle. W. Va.»
Company 6 percent bonds, maturing May 1st, 1931. In85-42 miles, branches to coal mines, &c, 26'>9 miles, the
terest May and November. The General Mortgage bonds
Cripple Creek Extension, 3040 miles, and branches to ore
are a lien upon the main line between Norfolk and Bristol,
408-38 miles, and the Ci y Point and Saltville Branches,
19-33 miles, in all 42771 miles; the outstanding bonds
represent an issue at the rate of $17,028 per mile.. $7,283,000

New River Division First Mortgage of the Norfolk
& Westbkn Railroad Company 6 percent bonds, maturing

April 1st, 1932. Interest April and October.
Issue limited to $2,000,000. A first lien upon the New

mines, 2308 miles, aggregating 16V39 miles; and upon
other brunche* and exte<*ions hereafter constructed
under the privileges derived from the companies consolidated to form the New River Division. The bonds represent a first lien at the rate of $12,093 per mile... .$2 000,000
alt

Improvement and Extension Mortgage of the Norfolk
& Western Railroad Company 6 p r cent bonds, maturing February 1st, 1934. Interest February and August.

:

September

:

THE CHKON1CLE.

6, 1903.]

Issue limited to $5,000,000. The bonds are a lien upon the
main line, and City Point and Saltville Branches, subject
They are a second
to the lien of the General Mortgage.
lien upon the New River Division and the branches and
§5,000,000
extensions thereof

Valley & New England Railroad Co. First Mort4 per cent gold bonds, maturing November 1st, 198**.
Interest May and November. Under supplemental mort?age of July 22d, 1>90, the issue is limited to §5,000, <K)0.

Scioto

gage

he bonds are a tirst lien upon 128 6 nailer of road extending from Columbus, Ohio, to Coal Grove, Ohio. ..$5,000,000
-

Col' mb 8 Connecting & Terminal Railroad Company
First Mortgage 5 per cent gold bonds, maturing January
Interest January and July. The binds are a
1st, l92i.
the Columbus terminals, including real
upon
lien
first
estate in Columbus, Ohio, costing $563,304, and 8*&1 miles
$600,000.

of railroad

First Consolidated Mortgage 4 per cent gold bonds,
maturing October 1st, 199o. Interest April and October.
The bonds issued (including $19,750 in the Company's

amount

treasury)

$33,210,500

to

Of the authorized issue of $62,500,000, there are reserved
$23,098,889 to acquire or redeem outstanding prior liens

505
new construction and

$3,690,611 for

acquisitions

and

for

betterments and improvements, such bonds
to be issued under carefully guarded restrictions at an average rate not exceeding $1,-

,

000,000 per

The bonds are a

annum.

first lien

on ab3ixt 846 miles of railroad,

as follows:
Miles.

6*30
112-87
117-53
121*50
2 >0 07
212-01
25*58

Norf Ik Terminal Division
CI nch Valley Division
l-vnuhbtirg

& Durham

Division

Roanoke & Southern Division
Maryland & Washington Division
Ohio Extension
Norih Carolina Extension

They are also a first lien on the terminals at Lambert's
Point, Va., and on the shops at Roanoke, Va., and are
further secured by pledge of the capital stock of the
Columbus Connecting & Terminal Railroad Company, of
$3,499,200, of old Divisional Lien bonds, and of $7,091,929 90
Western Railroad
Equipment obligations of the Norfolk
Company. They are also a lien upon the railroad property
o c every nature, and the franchises of the Company, subject
to the lien of previous mortgiges.

&

Matured but Unpresented Boxds: —
8,500,000 to purch se or pay Car Trust obligations and
Southside Railroad Company Consolidated Mortgage
$1,000
other charges upon the property, for the creaThird Preferred Bond
tion of a reserve fund for special improveVirginia & Tennessee Railroad Company Enlarged
amounting

to $l9,889,00'>.

Mortgage Bonds

ments, and for other necessary purposes.

S.000

NEW YORK ONTARIO & WESTERN RAILWAY COMPANY.
TWENTY-THIRD ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
I Office of the President, September 1st, 1902.
To the Sttockholtera
For the fiscal year ended June 30th, 1902, the receipts and
disbursements of your Company, comoared with the year
before, were as follows

RECEIPTS.
1902.

From Passenger*
"
"

Freight
Mall aud Express
Miscellaneous
Total receipts

1901.

$892.42705

8855.20101

4,358,186 17

127,542 88
78,539 93

4.269.30R 91
121.685 32
76,690 41

$5,456,696 03

$5,322,883 65

OPERATING EXPENSES.
1902.

1901.

Maintenance of Way and Structures. $894,384 19
Maintenance of Equipment
74«,946 07
Conducting Transportation
2,228 4-<4 78
General Expenses
146.480 89

2,046,2:8 31
145,423 19

$4,016,295 93
141,458 27

$3,638,310 71
133.796 41

Total Oper-g Expenses and Taxes.$4,157,754 20

$3,777,137 12

Total

Taxes

NetEarnings
Interest, Rentals

$759,914 30
686.72431

$1,298,94183
639,982 96

and Charges

$1,545,746 53
666,514 75

.Surplus
$658,95887
$879,23178
Local passenger receipts were $765,287 54, compared with
$723 628 13 in 14)1; through passenger and immigrant earnings, $127,139 51, oompared with $131,572 88; mail and express, $ 127.512 88, compared with $121,685 32. Freight traffic
earnings, classified as heretofore and compared with the
four preceding years were
:

190 J.

I

Throuah

Fr'gtau
Local Freight...

526,997 94
8 '1,20-t 01
Milk
S12.-*4183
Coal.
2.517.3*83^
Miscellaneous^.
78,539 93

~ Total

...4,436.726 10

Following

•.*.••

1901.

1900.

1893.

1898.

452,209 15

441,214 49

384.262 54

«
352,697 04

7-3.-3*28
476.24335
2,544,-18 13
76,690 41
4.345 997 32

815,0*843

49.397 38
2,K3,1 63 74

669.88169
484,49102
1,923 502 76

6*7,45853

433,^

6

>

87,847,20

63 680 70

17
59,y02 18

4.057.96124

3.525.818 71

3,150,1*2 52

l,66-*,24'2

a comparative statement in detail of operations since lb90
Earnings Operating Ex-

F

is

:

„'
1890
1891
IgB!
1893
1894
1895
|»6
T
18»7
1898
}8"»

JgOl
1902.

Tear ending
J line:* th.

penses

and

axes.

*VOO.i4«nl $1,-6,42 43
2,809,-0216
3.2-*5.«1789
3.-»-8,l;392

3.84i.ll963
S.fllw.liSH
3,779,3*651
3.*Bt,4>2 99
3,914,6*527
I'SJo'Jq? 2?
&.322.H** 65
6,ti6,696 03

<M55,372 18
2,461.131 3J
2.79S,225''2

Net Revenue. Charges.
$432.Hi35S $2-5.9*167
65l."3o00
55i,89068
801.2^1 =)0
697,262 2*
889.9 'K BO
6*',0;<579
1.109,57947
099,01* 89

2,73*5)0 16
2.64241244
8,898.558 06

1.O80.7774S

2.7m>,,96,23

1,113,906 76

2,801,64270
2,»70.U0 37

^ 113 91* 57

,13712
4.157,754 20

1,545,746 53

3,77.

1,026,700 74

l,37n,0529i

1,898,9*183

^O" ,31 7

93
705^08 02
713 995 7
7105*2 36
6*9,688 75
616.514 75
639,982 91

Surplus.

$|4",44191
1004193:!
207,019 28
25t».s5i&l

41956658

30, 1902.

presented with this report for the information of the stockholders, as the ears were ordered some months before the
close of the year.
Substantial progress has been made in the work of extending the Ellenville branch to the City of Kingston,
through the Roodout Valley. The branch has been operated
since the 15th of June to the village of Kerhonkson, seven
miles north of Ellenville, and it is anticipated that the work
through to Kingston will be completed before the end of the
present calendar year. It is proposed to consolidate the
Ellenville <fc Kingston Company with the Port Jervis Monticello & New Yo-k Company as soon as legal formalities can
be complied with, and the entire amount of bonds and
stock to be issued by the Consolidated Company will then be
delivered to and will become the property of the New York
Ontario & Western Railway Company. It is believed that
the additional mileage will ultimately prove to be a valuable contributor to the traffic, besides protecting to some
extent the territory tributary to your Company's existing
main line and branches. The entire cost of the project will
be well within the average cost per mile of similarly situated railway lines, as it has been economically, though
substantially, constructed, and solely with a view to the
welfare and best interests of your Company.
The valley through which the railway has been built will

become an important milk-producing section. Its attractions should also command a large summer travel, and already the heveral hotels and cottages at Lake Min newaska
have made Kerhonkson the point to and from which its visitors will arrive and depart.
Hudson Canal left a
The abandonment of the Delaware
long settled and thickly populated region wholly unprovided
promptly
with means of transportation, and your
afforded the facilities demanded, and miy now expect to
reap whatever benefits are to be derived.
As the volume of traffic over the main line of your Company has increased from year to year during the last decade,
the question of providing additional facilities has necessarily
received the constant attention of your Board and operating officials. The result of their delibera f ions has been the
adoption of a plan looking to the gradual double-tracking
of the main line between Cornwall and Cadosia, which is
the junction point with the Scranton Division, a distance
of about 107 miles.
It is proposed to complete the entire
woTk within the next three or four years. It is estimated

&

Compmy

4u246;2l

that the traffic between Cadosia and Cornwall is about
double that of the average of the entire main line, and is
greatest where the grades are heaviest and the line most

623,717 99

difficult to operate.

3'6.3-"28l
375.569 43

399 910 9'

87» ;3l 78
058.9? 8 87

Since the last annual report there has been purchased 500
additional coal cars of 85,000 pounds capacity, 3 one hundredton consolidation locomotives, 2 baggage cars, 2 combined
passenger and baggage cars and 2 combined baggage and
mail cars. The cost of such additional equipment was $547,296 76, and of that amount $370,000 has been provided by an
issue of car trust coupon notes, dated Juae 1st, bearing
43^
per cent interest, payable semi-annually, the principal to be
paid withm hve years, one-tenth of the amount maturing
each half year. None of the coal equipment was received
before the close of the fiscal year under consideration, nor
do the payments or obligations referred to appear in the
Comp iny's accounts for that year. The faots are merely

With

the additional passsnger train service required to

meet the de uands of your Company's Summer patrons, the
problem presented was one that could not well be deferred.
The Engineering Department has completed surveys, cross
sections and estimates for portions of the work where the
density of traffic is greatest, and contracts have been entered into with experienced contractors for the construction of such sections. The balance of the work will be proceed-d with as the resources of the company will allow.
The renewal of bridges, strengthening of superstructure,
filling trestles, rebuilding or replacing stations, and other
additions and improvements, have been continued as is set
forth in detail in the report of the General Manager.
Early in May last the coal miners and employes about the
breakers and mines in the anthracite regions suspended

— —

THE CHKON1CLE.

506

work, and the various breakers from which your Company
derives its anthracite tonnage have been obliged to cease
operations, thereby depriving your Company of a large part
of its Ireight traffic and seriously depleting its revenues.
strike in question was not brought about by general discontent lack of work, or reduction of wages, but was, in
large measure, the result of agitation on the part of labor
leaders, who, for the purpose of retaining power over the
rank and file, are periodically obliged to present demands
or gain concessions of some sort from the employer. The
leaders of the United Mine Workers' Organization, so far as
the press and public have been advised, pretended in every
way possible to avoid a strike, but their professions, when
compaied with their proclamations and actions, throw very
grave doubts upon the honesty of their pretences and purposes. Their effort to destroy the properties by calling out

The

the engineers, firemen,

pump

—

quotation on the unlisted sheet

change.— V.

—

—

of

the Boston Stock Ex-

75, p. 293, 188.

National Coal & Iron Co. Mortgage.— This company has
first mortgage to the Columbia Finance & Trnst

made a

Co. of Louisville, as trustee, to secure $i 7^.000 of 5 p. c
bonds, dated May 1, 1902. and dne May 1, 1917, but subject
to call at par to an amount not exceeding $15 000 yearly; not
r
less than $ >,(00 must be drawn April 15 and paid May 1,
ot
profits, and thereafter not less than $6,000 annu»lly
1903, out
must be called: interest payable semi-aLnually; denominations $100, $500 and $1,000.
The company owns In fee about 17,000 acres coal and timber land*,
mostly 1l Bell County, Ky.. a large plant I ir tniDlng coal (present
output l.Ooo tons daily), 200 coke ovens, about 175 miners' bouses,
commissary. 2"s miles railroad, eleotrlc light plant and a lar^e num
Der of town lots in Pineville, Ky. Tbe morteatie co> ers all the linns,
improvements, coal plant, cofee ovens etc., but does not oover eleotrloligh plant in PinevlHe.or townlotsor stock of goods in commissary.
Development of the property began in i8t»8 aiid the coal output since is reported as follows: Year 1898 as 18,86i tons. 1H99 as
49.749 tons, 1900 as 94,420 tons. 1901 as 146.391 tons, first half of
1902 as 9!>,5;2 tons. The Louisville offie is tbe Louisville Trust
Co. Bnildlng. Theodore Harris is President Maxwell S. Barker. First
Vice-President and General Manager, ai.d Samuel H. Stone, Secretary.
The bonds have nearly all been taken in Louisville, and
largely by the stockholders half of the bonds were taken
by one corporation. The capital stcck is $500,000 in $100
shares oui standing, $455,000.
National Steel & Wire Co. Consolidation. This company, incorporated under the laws of Maine with $5,0C0 000
authorized stock, of which $2,500,000 is 7 percent cumulative preferred, is reported to have acquired control of the
National Wire Corporation of New Haven. Conn (V. 72.
p. 286), the De Kalb FeBce Company of De K-tlb, 111., and
the Union Fence Company, also of De Kalb, III. The New
Haven rod mill is now in operation and the other departments are under construction.
;

;

—

National Wire Corporation.— See National Steel & Wire
Co. above.— V. 72, p. 286.
Pasadena (Cal.) Consolidated Gas Co.— Change in Control.— Practical lv the entire $250,000 capital stock was re
cently purchased by local capitalists, who have organized
>im»-s as President;
with J. H.
H. Markbam, Vice
President, W. R. Staats, Seoretary, F. C. Bolt, Treasurer.
The price of gas was to be reduced to $1 25 per 1,000 on Sept. 1.

H

H

Peninsular Electric Light & Power Co. of Houghton,
Mich.— Successor. -See Houghton Couutv Electric L gut Co.
on page 457 of last week's Chronicle.— V. 70, p. 636.
Peninsular (Beet) Sugar Refining Co. of Michigan.—
New Steele.— The stockholders of this company, which was
incorporated in 1899 to build a beet sugar factory at Caro,
Mich , for the manufacture of white granulated sugar ready
for coni-umpiion, and which in March last increased its capital st( ck from $5< 0,0
to $750,001), have authorized a further
increase in the stock from $750,000 to $l,000,0n0, for the purpose of eolarging the plant.
At last accounts Gilbert
W. Lee was President and Cyius E. Lathrop, Secretary.
Office, Detroit. Mim,
There were rumors current early in
the year that Charles B. Warren was negoti-itirjg for the control of this company and other Michigan beet sugar properties in the interests ot the American Sugar Refining Co.
Quinoy Granite Qaarries Co.— Reorganization— In view
of default in the interest on the $8oO,Oi of 5 p. c. bonds, a
reorganization plan has been prepared, providing for the
organization under the laws of New York of the "Q lincy
Granie Co.," with $1,000,(100 common stock, $1,000,000 1
p. c. preferred stock and $1,000,000 6 p. c. 20-year mortgage
bonds. Present bondholders will receive for each $1,001
bond, $500 in new bonds, $250 in new preferred and $250 in
new common, and cash for the interest due Sept. 1, 1902.
The shareholders will receive $100 in new preferred stock in
exchange for e*ch four shares of present stock. The Ameri
can Loan
Trust Co. of Boston is d positary
Avo'ing
trust may be established if deemed advisable.— V. 70, p. 587.
Selniit (Ala.) Lighting Co.— Mortg ige.— The company has
filed a mortgage to the West Ead Trmt Co. of Pailadelphia,
Pa., to secure $250,000 of 5 per cent bonds dated July 2,
1902, and due July 1, 1932. Stock authoiized, $250,000.

&

whose duty it is to prevent destruction by flood and fire, has
been an ot ject 1 sson in recklessness and malignity which
fully refuted whatever claims these men had previously
made for candor and conservatism.
Steadfast resistance to all demands on the part of the
operators involve considerations of discipline and safety
and the future economical and successful operation of the
properties from a financial standpoint, as well as in .the
public interests.
In contrast with the labor troubles in the anthracite
fields, the employes of your Company have uniformly remained loyal and have been, as in the past, faithful and intelligent in the performance of their duties.

By order

of the Board,

THOMAS

FOWLER,

runners and other employes

Marconi Wireless Telegraph Co &u t. Sea Dc Forest
Wirthss Telegraph Co. above. V. 75, p. 345.
Michigan Telephone Co.— Listed.— The certificates of deposit issued agaiLBt the consolidated mortgage five per cent
bonds by the Old Colony Trnst Co. have been admitted f<r

lxxv,

[Vol.

President.

Southern States Portlaud Cement Co., Atlanta, Ga.—
Stock Offered Tbe National Trust Co. of Louisville is offering at par and interest, with 50 p. c. bonus in common stock,
the unsold balance of the $750,000 cumulative preferred
shares.
The common stock is $1,250,010. The mills are at
Rocbmart, near Atlanta. Cost of plant $600,000, in addition
to 300 acres of land which were paid for in common stock;
working capital. No bonded or other debt.
Tennessee Valley Iron & RR.— Sale -This company's
property including, it is said, about 7,000 acres of iron lands
in Wayne County, Tennessee, is reported to have been sold to
a Pittsburg syndicaie for $214,000.

—

Topeka (Kan.) Water Co.— Interest Payment.—The AtlanTrust Co. is paying the coupons due March 1, 1902, on the
first consolidated mortgage 5s.
V. 74, p. 1256.
Tripler Liquid Air Co.— Reorganization.— About 99 per

tic

—

cent of the company's ($10,000,000) stock has, we are informed, been deposited in accordance with tbe plan prepared
by Marion Butler atd St. Charles B. Gfwynn (44 Wall St.) for
exchange into stock of the new Consolidated Liquid Air

Company

(total issue, $1,000,000).

The exchange

is

made on

the basis of two $5 shares of new st ck for ten shares
representing in the aggregate $100 par value of the old company. The Commissioner of Patents, it is stated, has decided against the company in its claim involving an important process in the making of liquid air. Th^ case will be
appealed. Carl Liode of Munich is contesting Prof. Tiipler's
claims.
The property, which was bought by Messrs. Butler
and Gwynn at the judicial sale last December, did not bring
enough to cover the large outstanding debts.
Investigation.
District-Attorney Jerome on Aug 18 appeHred btfore Justice Julius M. Mayer of the Court of
Spei ial St scions in this city began an investigation in
criminal proceedings against %< John Doe," in order to discover what has become of a large snm supposed to have
been realized by the sale of the compwiy's stock. Oae of
Mr. Jerome's deputies has been working on the case for a
number of weeks. V. 73, p. 448.

—

—

Electric Light & Power Co. of St. Louis, Missouri.
—Union
name being here
Officers. — The officers of this company
(its

correctly given) are:
President, Julius S. Walsh; Vioe-President, Charles W. Wetmore;
Treasurer, Breckinridge Jones; Seoretary, Harold P-G. Coates; General Manager. Charles H. Ledlle.

New York

office,

80 Broad

St.—V.

75, p. 345.

United Gas & Electric Co., San Jose, Cal.— See San Jose
under Railroads above.— V. 75, p. 81.

& Santa Clara RR.

—

&

Construction Co.— DeponHa.
stock of the George A. Fuller
Co. and of the N. Y. R^alry Corporation having been deposited with the Central Trust Co,, tbe amalgamation plan will
shortly be declared operative. The time for deposits has
been extended to Sept. 15.— V. 75, p. 398, 294.

United States Realty

More than two-thirds

of the

—

Virginia Coal and Coke Co.— Plan Operative. More than
$5,000,000 of the first mortgage bonds having been deposited,
the plan of readjustment has been declared operative. Time
for deposits has been extended to Sept. 15. Oi and after
that date the Morton Trus-t Co. will pay to depositors the
coupons due March 1, 1901, and March 1, )902, with interest
to Sept. 15. See notice in another column and V. 75, p. 398,
348.

Weaver Coal & Coke Co.,* Chicago.— Stock Increase.—The
Weaver Coal Co. on Aug. 27 filed at Springfield, Hi a certificate of change of name to the Weaver Coal & Coke Co.
,

and of increase of capital stock from $1,500,000 to $3,000,000.
In February last the stock was increased from $100,000 to
$1,500,000. Tbe company owns and operates coal properties
in five States.

New York

Office, 11

Broadway.— V.

75, p. 294.

&

—Stone
Webs' er of Boston have compiled a handsome
thirty page book, incuding a number of maps, describing
Seventeen of the eleotric-light and electric railway companies in which they are interested and for which they act as
managers. This r>ook is prepared for the information of the
stockholders and directors of the several companies, who will
be furnished also wbh any additional details which they may
require as to the firm's methods of handling these properties.
—Business car^s of the principal firms dealing in cotton
found on pages xiii and xiv of to-day's issue.

will be

.

Skpiekbxr

ft,

Friday Night, September

reported as satisfactory.
Traveling salesmen are now
quite generally on the road and the retail trade has been
reported stocking np freely in anticipation of an active fall

ply of sugar.

evening the total receipts have reached 108,769 bales,
igainst 58,110 bales last week and 24,692 bales the previous
week, making the total reoeipts since the 1st of 8ept., 1902,
89,957 bales, against 48,587 bales for tho same period of
901, showing > n inorease since Set t 1, 1902, of 41 ,470 bales.
*«Mtp<s at—

Lord

i.902.

bags.

bags
mats.

hhds
bags.&o

Sugar
Sugar
Molasses, foreign

hhds.

Hides
Ootton
Rosin

bales,
bbls.

*ew Orleans.

2,548

1,988

2,220

1,327

124

499

487

4,692

5,564

6,628

bbls,

bags.
bags.

Manila hemp

bales.
bales.
bales.

hemp

.... bbls.

None.
None.
86.600

2,108
1,334
8,100
6.000

bags

..

1.510
None.
95,800

30,7->5

.....bbls
bbls

Saltpetre

00

and sacks

Brunsv/'te.&c
harleston....

1901.

None.
4,400
14.734

19,

59,105

Sept. 1,

11.094
3,300
979,134
259.238
121,834
3,0*5
27K.365
None.
60.000
114,495
15,663
1,730

Hon.

Tues.

Wed.

Tkurs.

Pti.

W

r

216

6,050

5,100

5,924

34,158

460
795

8,077

1,404

1,178

2,678
11

77

157

801

73

220

*""""•

•••••

504
588
""•"

32
582

460

8,707
11
1,835

588
38
22
784

6
22
115

•"""""

10

77

week 18,812 16 503 28,581 13,716 17.321 18.836 108,769

The following shows the week's total
1901.

1902.
Seeeipts to
Sept. 5.

receipts, the total since
last year.

and the stocks to-night, compared with

1902,

318

Hol.

185

2,181

iuiadel'a, Ae.

rot. this

None.
67,500

1072 10 75 10-67 1085
The local demand for pork has continued of a small handto-mouth character, but with offerings limited prices have
been unchanged and steady, closing at $18 2^@19 25 for mess.
Cmt meats have had a moderate sale at stv ady prices. Tallow
has been easier, closing at 5^gc. Cotton-seed oil has been
dull and easier, closing at 40c. for prime yellow.
Butter has
been in fairly active demand and the close was firm. Cheese
has had a moderate sale at unchanged prices. Fresh eggs
have advanced, but the close was slightly easier.
Brazi grades of coffee have been quiet and easier. The
trade demand has c >ntinued of a listless character and the
specnb tive buying has ceased. Available supplies have con
tinued large, and there has been a downward drift to values,
reflecting weaker Earopean and Brazilian advices.
Toe close
was quiet at 5^c. for Rio No. 7.
st India growths have
been in fair de naud and firm for the b-t er grades, with good
Cucuta at 8%@9c. Eiet India growths have been firm.
Speculation intbe market for cot tracts has been quiet. E*riy
in the week there was an advance, but under scattered
selling and absence of buyers the m<rket turned easier and
the improvement was more than lo-t. The close was quiet.
Following are the closing asked prises:
Sept
Deo
„. 5-25e.
5-40o. March
5-60o.
Hol

September

237

1,135

SineeSep.

This

1,

WCitfc.

fat.

150
13,158
1,748

boston..... ...

1,

33.038

3,210

751

Baltimore

Sept.

Totat.

1,860

News, Ac

*ew York.....

J

4,163

904

forfolk
* p't

1

150

Wash'ton.Ac

None

limited amount of business has been transacted in refined
lard at steady prices, closing at 10 90c. for refined for the
Continent. Speculation in lard for future delivery has been
moderately active. The feature has been buying by shorts
of the distant months to cover contraots. Close firmer.
SAILT CLOSING PRICES OJC LIED FUTOfiBB,

8,011

2,367

Pt. Hoyal, Ac

3,100
2,100

Lard on tae spot has been held at steady prices, but the
volume of business transacted has been small. TUe buying by
exporters has been on a dtcidedly limited scale and the de
maod from refiners has been slow. Packers, however, have
shown no disposition to force sales. Toe close was firmer at
10 80c. for prime Western and 10@l0'20c. for prime City. A

3,689

1,238
• •#>•
1,131

2,022

Wilmington....

734

3,000
10,943

8,817

fr\.

Ac

avannah
1,

7,579
9,392
2,122.977
179 5-4
142,726
None.
140,142
None.
87,900
127.445
30,4-4
3,127
1.966
8,700
6,500
None.
4,400
9.753

6,985
7,439
2,079,017
169,286
132,202
None.
186,755
None.

No.

Spirits turpentine
ar
Bloe. E. I
Bloe, domestic

August
1902

8ept 1,

tos.
hints.

Tobacco, domestic
Ooffee, Rio
Ooffee, other
Ooffee, Java, 4c

Jute butts
Flour

7,432

doblle

5,926

Ikurs.

Wed.

Tues.

if on.

Sat.

+alvestcn...
Sab. Pass, Ac

'onsaoola,

Stocks of Merchandise.

5, 1902.

this

An

unusually large business has been transacted in
refined sugar. The yield from the various fruit crops of the
oountry has been heavy and preparations are being made for
extensive canning of these crops, which calls for a large sup-

Sisal

607

Thb Movement of the Chop, as indicated by our telegram*
rom the South to-night, is given below. For the week ending

Friday Night, Sept. 5, 1902.
most Hoes of trade the condition of business has been

Linseed

.

COTTON.

COMMERCIAL EPITOME.

season.

—

(frammmial %%mt$c

3Cte

la

..

.

THK CHRONICLE.

1902. J

TAis
WiCX.

1902
30.606

38,038
150
8ab.P.,Ao.
few Orleans 13.153
«oblle
1,748
iftiTeston.

1,

1902.

1901

1901.

33,252
48
9,882

29,203
48
7,243

26,995

52,339

45 143

329

3,421

39,838
6,886

......

427
8-3

29,266

5,579

4,151

38,732

8,535

460

249

219

410

249

6,055

2,297

1,515

4,909

1,644

......

......

8,572
11
1,758

177

78

14,376

2,328

4,015

3,703

1,957

5,892
5
114,029
2,500

150
10.605
1,624

'saoola.Ac.

tavannah... 34.158
460
Br'wlok.Ao.
iharleston.
8,077
P. Royal. Ac
Wilmington
9,707
11
'Vash'n, Ao.
fforfolk
1,835
5b8
S'portN.,Ae

Steeit

Since Sep

47

......

......

588

•«•»•

128

128

1,540

1,297

784

88
22
202

406
105
227

164
105
227

64,515
1,200
1.075
1,915

108,769

89,957

59,215

48,487

204.648

"few York...

38
22

ioston......

Baltimore .
-Uilaaei.Ac

-

584
1,423

235702

In order that comparison may be made with other years,
below the totals at leading ports for six seasons.

" e give

ieceipU at—

1902.

lalvee'n.Ac.

38.188
13.153

New Orleans

38,300
9,882

....

l,-'48

427

<avannab...

34,158
8,077
9,718
1,835

5,579
2,297

<oblle..

Ihas'ton, Ao.

VUm'ton.Ao
Norfolk.

....

10,698
4,055
1,499
20,959
2,485
7,653
3,991

177
4,018

News, Ao.
Ul others...

588

128

1.3U4

3,410

137
888

wk.

108.769

59,21?

52,365

89 957

48,48':

52,365

<

'on. this
<iTiee

8ept

1

1898

1899.

1900.

1901.

1897.

778

31,907
30,036
2,168
17,764
6,916
5,996

2,745

1,143

40,888
20.701
3,634
23,618
7,094
3,900
4,174
78
3,317

29,860
9.671

959
6,812
1,618

103

147

2,128

1,771

107,404

54,664

98,848

117.225

66.060

117,358

i

|

Oot

5-30o.

Nov

5-35o J

I

Jan
Feb

5-afto

5'50o.

I

Mav

5-70o.

July.

5-80o

Raw sugars have

been in more active demind and firmer,
gat 3 7 16@:^3. for centrifugal, 96-deg. test, and 3c. for
muscovado, 89-deg. test. Refiaed sug-ir has had a large sale
at firm prices. Pepper has been in active demand and firmer
closit

Teas ba?e been well held.
Kentucky t bac;o has been firm and there have been
fairly heavy shipments for export.
Se^d leaf tobacco has
been in moderately active demand and firm; sales for the
week were 2,300 cases at full price3. Foreign tobacco has
been quiet but steady.
Business in the market for Straits tin has been quiet and
prices have further declined, but the close was steady at
27*20(327 20c. Ingot copper has been firmer on speculative
buying induced by more favorable statistical developments,
closing at ll«75@ll 85c. for Like. Lead has been unchanged
and s'eady at ±'\l%z. Spelter has beau firm at 5 50j. Pig
iron has been firm. Buyers have been supplying their wants
by purchases of foreign iron.
Refined petroleum has been unchanged, closing steady at
7'20c. in bbls., S'onc. in cases and 4*6oc. iu bulk.
Naphtha
has been u changed at 9-05o. Credit balances have been
quiet at $1 22. Spirits turpentine has advanced slight' ly,

R

closing steady at i7^@4Sa.
wins hava be^n firm bat quiet
at $1 55 for comm
and good strain-id. Wool h*s been in
fair demand,
flops firmly held, but basiness quiet.

m

The exports for the week ending this evening reach a total
of 34,518 bales, of which 17,760 were to Great Britain,
to France and 16,758 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1, 19^2.
Week Bwiino

'rem—

Brtsa

MlrUton....
tab.

Vruntt

Sept.

12,811
..

700

27,458

1,5.0

....

......

ort Bojal
Vt 1ml net on...

120

..«••.

2,276

loston
altlmore

.....

......

......

......

.

atiadeiphla..

rotai

.....

.....

......

......

......

•»*>••

......

......

......

„„„

......

......

120

1,087

3.342

26,096

9,243

/rant

T»U1.

ii

11141

25,758

1,250

1,960

1,067

1,990

......

......

......

*••••,

......

......

......

......

....

......

.

923

......

48

17.760
....

•••••a

43

anrran..Ao..

1P02. to Sept. 5. 1902

700

2,200

......

A a..

«ew York

1.

14,617
......

.

••••••

'banaston...

Or }*'

WiSk, Brttsin.

14,617

lobiie

total. 1801

Oomi- Total
neiH.

-ow Orleans.

{rnnawlck

From

Exported to—

Brtt'n.

Pan, Ac.

lorfolk
«'port N..

Sept. 5 1802.

Exported to—

MX90TtS

....

......

.

......

......

1,350

1,350

ld.758

34 51S

16,340

91,976

57,813

26,259

9243

900

900

14.368

30,698

8,341

42,843

.

.

.

,

«

3

»

THE CHRONICLE.

508

In addition to above exports, our telegrams to-night alto
give us the following amounts of cotton on shipboard, not
eleared, at the ports named.
We add similar figures for
Mew York, which are prepared for our special use by Messrs,

Lambert ft Barrows. Produce Exohange Building.

Futures.

— Highest, lowest and dosing prices at New York.
S

S.
c

Om

aa

p*

ho

1

a»

1

a

GerGreat
OiKer CoastBritain fr'nce many. For'gn wise.

»

>

a>

a9

b

<*»:

won.

a>

«2.S
£
m ST" H

o•5s

«»:

Han

•

to

.

r

•

;
1
'

b;

w.

Leaving

at—

LXXV.

[Vol.

ON SHIPBOARD, ROT OLBA&BD FOR—
Sept. 5

w

a

I

:

I!

1

:

i

stock.

Total.

tfc.

New

New

6,700

...

Charleston
Mobile

7.13S
3,883
1,000

2.551
4.^48

747 9,100

Oalveston

Savannah.

656

1,279

Orleans.

11,621
19. ^Ol
8,000

82f
300

33,522
7,494

©5

4,909
3,421

York....

Other ports
Total 1902

"AvanoH-

30,' 3 2

. .

957
54,030
lD.976

2,123

53,607

151,041

2P09 9.219 8,086 4.801 35.4S5
7P03 6.820
3 3 16
3.199 21.128

200,747
95.408

"506

"585 8*400 i"6bo

2,000

1,000

4,526 10,:4l 23,599 13,018

.

Total 1901..
Total 1 9O0.

1,000

,606
10.485
3,000
i

10,440

'

•

AvanoH
OCOC

Speculation in cotton for futnre delivery has been active'
The ft-atnre early in the week was the Bureau report.
Anticipating an unfavorable report, there was moderate
buying largely from nervous shorts to cover contract. The
statement issued by the Agricultural Bureau at noon on
Wednesday, placing the average condition of the crop at
only 64 was a decided surprise to the trude generally, as it
was lower by several points than expected; in fact it placed
the condition so low that many of the trade were inclined to
doubt the accuracy of the report. Nevertheless it had sufficient ii flaence to start active buying, partly to cover snort
contracts and partly by outsidtrs for investment account,
and prices advaictd sharply. On Thursday, however, the
market turned easier. It was quite generally reported th&t
leading bull interests took advantage of the sharp upturn in
prices and sold ireely to realize profits. Weather conditions
in the cotton belt since the turn of the month have been
more favorable, needed rains being reported, and the extreme hot s^ell in Texas was reported broken, which, it was
believed, also induced some selling. Liverpool and the Continent have continued to make indifferent responses to the
advances in the American markets. To day the market
opened easier under the ii flaence of Liverpool advices, but
during the day tte leading bull interests supported the
market and prices advanced. During the late trading,
however, there was renewed selling, based on the more
favorable weather reports from the South, and prices declined sbarply, closing easy 4@6 points l3wer for the day.
Cotton on the spot has been firmer, but declined %c. on Friday, closing at 9c. for middling uplands,
lhe rates on ana off middling, as established Nov. 20, 1901,
by che Revision Committee, at which grades other than
middling may be delivered on oontraot, are as follows,
fair
0. 1*14 on
Good Middling Tinged
Eves
Middling Fair
080 on Strict Good Mid. Tlnged.o. 0-20 on
0-50 on Strict Middling Tlngei....
Btrlot Good Middling
06 ol
32 on Middling Tinged
Good Middling
Oiiuf
gtrlot

Low Middling

014 off

Low

Middling
Good Ordinary
Good Ordinary

0-38
0-72
1-00

off
off
off

Low

Mid. Tinged...
Middling Stained ...
Strict Low Mid. Stained...
Low Middling Stained
Strict

034

of

50

oil

106 oil
150 ofl
Oil this basis the offioial prices for a few of the grades for
khe past week— Aug. 80 to Sept. 5— would be as follows.
Btrlot

UFLANDB.

Sat.

Oood Ordinary.

Low

Wed

Tkt.

W
c
p.

w

Middling..

Middling

JHon Tuea

.«.

pi

Oood Middling.
Middling Fair..

GUUP.

8

8

74

N

9

9-s
i) 4i

9-«
»'44

9 „
tf&2

992

9

92

980

Wed

8-25
8 87

00
62

Frl

837

837

8-25

w9

8*H9

8 87

8

1

9

vj

•

Sat.

LOW Middling.— ....,..
Hob
Middling.
«
Strict Low Middling Tinged... day.

750

762

762

Holi-

8*50

8 62

8

day.

866
900

8-78
9*12

8-78

Good Middling Tinged

62

750
850
66

8

900
York oo

9 12

middling upland at New
each of the past 82 years have been as follows.

The quotations
Sept. 5 for
1902....0. 9
1901
5»ie
1900
9 78
1899
6H
5%
1898
7i*
1897
8*3
1896
8'4
1895

for

1894. ...0. 61B 18
1893
8
71i6
1891...... 813 16
1890...... 10»9
1892..,...,.

1889
1888
1887

....

113a
10i«

10

1886
1885.
1884
1883
1882
1881
1880
1879

MABKET AND
Spot Market
Closed.
Saturday
Monday..
Tuesday

FUTURES

Market

Closed.

„

1878....0.12i«

9S 18

0.

101, 8

lO's
10i«
I2is 16
12i«

H"ia
123 le

1877
1876
1875
1874
1873
1872
1871

11«8
14"8
le'e
20««

22H
20

a iioktrau

Ex-

Oon-

Con-

port-

tump.

tract.

Total

Holi days

Steady.

678

Wednesday [Steady at *$ ad. Firm ...
jEasy...
Thursday |I>nll
Friday.
Easy at ^ dec... Easy....

1,285

Total...

11

SALES.
Balks of Spot

Steady

201

248
383

201

2,492

I

I

I

*

I

I

I

00
9

I

I

9

I

I

9
I

I

I

I

I

I

X

I

I

I

I

I

I

I

I

i

!

9

I

I

9

I

I

I

I

9

I

I

I

1

200

776
1,28

\

248
584
200

2,893

9

CCOD

CCOD

00

b: CO
CO

00 cn

K CU COW
OO a© CO

co
CO

op op

CD 00

00 00

00 00

ww

61 OO

cfcb
coto

v> co

9

I

O0O0
C*Ul
0191

9

I

COW

coco
I

9

OOOD

OCX

9CH

CO
Co

w
o
I

I

CCOD

9

9

9

l

OD 00

00 op

I

ODOD

00 00

ceo

dco
(3d

9

I

9

I

9

I

I

00GO
b-CO

CHOI

•x oo

00 00

CM

9

I

I

coco

coo>

WW

CCOD

ODOD

0000

ODOD

*
9

C"C"

»3tO

9

19

i

ODOD

WW
coco
I

OCOC

Ot OD

OOOD

OOOD

COOD

COCR
COO'

cod>
ctto

»i Ol

CHOI

Cncw

aco

eoiP>

00 00

ODOD

0000

CCOD

CCOD

ODOD

ODOO

co*a

cow

i£a

*»

(fl

a- «.

oo-4

it

19

«e-j

9

,9

19

49

19

occc

ODOO

ODOD

ODOO
l*>W

OC 00

ODOD

w

ococ
CClU

«tO

MM

oo

OD

00
to

OD
tO
tS

OD

9

OD
tO
OD

W
^

9

9

CO o^ co oo co
I

M
OS

9

9

w

I^W

•-O
to

9

w

I

at

00 oo

'I

w-i

5

GO

9

M
CD
19

19

19

CO

3D

00

ac

I
'

A
CO

-i.

w
w
to
a
Thb Visible uupply of Cotton to-night,
o

si

9

00 00

'

II

9

ODOO

I

If
»5

£

*>

OD 00

00 00

9

aces

ccu>

ib

9

1

OOOD

'

CC

9

ODCp
o CO

03*.
COf-

9

I

0000
O.CO

0000

m f-to
V JO
9
9

i

W*>
tew

9

ODOD
co to

i

ODOO

O

9

1

*» If
I

00
CO

I

*

*>

OOOD

to

9

0000

;

0000
Coca

I

00 to
co

cnta

cc<o

ODGO

I

I

CC ti

ODOD

9
I

ODGO

COM

«

tsoo

-

00 co

9

00 00
I

GOOD

9

I

00 CD

9

CCOD

COCO

3

I

K
I

CD

I

as made up by
as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures tor to-nighi
Sept. 5), we add the item of exports from the United States,
noiuding In It the exports of Friday only,

and telegraph,

jable

Is

itook at Liverpool...
bales.
nock at London
Total Great Britain stock,
nook at Hamburg. ............
4took at Bremen........ ......
4took at Amsterdam.... ......
Stock at Botterdam
stock at Antwerp
jtook at Havre.... ............
itook at Marseilles
.......
Stock at Barcelona
„
took at Oenoa
......
nook at Trieste
Total Continental stocks..
Total European atooka....
indla cotton afloat for Burope
imer cotton afloat for E'rope.
K*ypt.BrazU,&o.,aflt.for E fpe
*toot in Alexandria, Egypt...
-itook In

9% 9% 9,4 ,
9 69
9 A7
t»*«9
ion 1017 1005
Rtou lue« Wed Ttt. Fn

p

I

.

9 *
9 57
1005

p

p.

STAINED.

8 12

8 74

Hlon Ta««

a

Low Middling
Middling
Oood Middling
Mlddllne Pair.

812

J( ,
W32
980

<<

Sat.

Good Ordinary. ..

00

862

8

9

p

<<

Frl

4

Bombay, India

1902.

1901.

377.000

334.000
7.000
341.000
18.000
62,000

20 000
3*7,000
21.000
47,000

1900.
209.000
10.000
21i4,0OO

19,000
43,000

1899.
843.000
7.000
850.000
83.000

160 000
3.000

200

200
5.000
71.000
2.000
31.000
15.000
7,000
199,000

596 000
23.000

60 000
9.000

14000
318,000

3,000
78,000
3.000
46.000
15.000
13.000

238 200
579.200
17.000
84.000
14 000
56,000
334.000
245 702
125.422

200

3.0O0
3.000
60,000
148,000
3,000
6,000
65.000
94,000
10.000
26,000
6,000
25,000
209,200 4 >8.20O
428, 400 1.348.200
41.000
19.000
30.000
65.000
14.000
10000
3i.0O0
38,000
250.0O0 3»|*.OO0
116.536 470,720
51.V-0 254,935
1,733
3.560

Stock In United States ports.. 204.648
73,077
itook In D- 8. Interior tovns..
1V277
11,108
'Jnlted States exports to-day..
965,999 2 59 7,415
.1.308. 8dl l,4b0.60l
Total visible supply
Of the above, totals of American and other descriptions are as f oUcws:

—

A.mer\can
-bales. 300 000 244.000
Liverpool stook
152,000 177.000
Jontlncntal stocks
84.000
60.000
anierioan afloat for Europe...
204 648 235.702
Jnlted States stook
73 077 125 4*2
Jnlted States Interior stocks.
15,277
11.106
Jnlted States exports to-day..
800,t31 881.40L
Total American
Matt Indian. SraMil, Ac —
'/7.000
90,000
Liverpool stock
7,000
20 OOC
London stock
61 200
47.000
Jontlnental stocks
17.000
23 000
;ndla afloat for Europe
14.000
9.000
Kgypt, Braill, Ac. afloat
14.000
56,000
stock In Alexandria, Egypt...
318.000 3^4.000
Stock In Bombay, India
60-t.Ooo
57H 2<>0
Total East India, &o
800.831 881401
Total American
1.308,s31 1,4» O.SOl
Total visible supply
*.'-7, d.
Middling Upland. Liverpool..
Shed.
9
9o.
h»so.
middling Upland, New York..
68 16 d.
7°^.
ttgypt Oood Brown, Liverpool
7d.
7d.
^eruv. Bough Oood, Liverpool
4i»
4%d.
Broach Fine, Liverpool
3a d.
4ii
4\d.
Hnnevelly Oood. Liverpool...
3a d.

_

133.000
17s».000

30 000
11«,536

61530

774.000
429.000

6\O00
470,720
254.935

1.733
3,560
511,7*9 1,997,315

76 000

250 000

69,000
7,000
69.200
19,000
10,000
88,000
388,000

4->4,2iK>

600 200

10.000
30.200
41,000
14.000

33OO0

511 799 1.997,215
9t>:>,«*9 2,6»7,415

n^d.
10 -eo.
6i3iftd.
7 isd.

(HBr Continental imports past week have been

'<

S9, 6 d.

6 7sd.

^^d.

J9,«d

5»sd.

ssisd.

35.000 hales.
The above flgares indicate a deereaae in 1902 of 151,770
oales as compared with sam^ date of 1901, a gain of 342,832
nalea over 1900 and a deoline of 1,283,584 oales from lc-99.

1

StFMllBER

6,

... .

'

1

THR CHRONICLE.

1902.]

—

i'owNS the movement tnat is tuts reueipu
September 1, the shipments (or the
slnoe
and
week
the
(or
Week and the storks to-night, and the same items (or th*
•OTTesponding period of 1901— is set out in detail below.

At thb Intkbiob

509

Quotations fob Middling Cotton at Otheb Markets.—
Below are closing quotations of middling ootton at Southern
and other principal ootton markets for eaob day of the week.
CLOSING QUOTATIONS FOR MIDDLING OOTTON ON—
Week ending
Sept. 5.

Satur.

Mon.

ttalveaton.

New Orleans
Mobile

Savannah

.

Charleston

Wilmington

ft
p.

n
e
a
p.

3

5

w

Norfolk

o

Boston
Baltimore
Philadelphia

Augusta ...
Memphis...
8t.

Houston

M

M**©

«t0
oiioeo>-»a«3

>-•

Little

©5)

© M>

©

f*«

cgo^^KA
u©eo:J'~ >™"

JO*-1

©

ifk\j eo i-

9k
Orleans Option market.

co"» «3

tS

co

ftBuec * w;
>- © ^ oo
^ e*

CO.

t3 7*

0

©•

;

at*:

>;

if*

1

«

Aug. 30

©:

to;

00.

CO.

OO*. CO

*>»•©

©ecto

00
tJ

© CO

Closing

1BOH

.

Closing...

Dec'ber—
Range

ao ec -a co
«o**ts©eo#- * *»ooco©
©cj>o:©'- C0©Cxi-'O: ^u>05-J©ctif*C©^J©

Closing...

i

January—
Range
CO

©
wm»0
a 5 a to ©

I?

oo«q~

to
iscow;
© cc oo ao o< to v kkow-'hm
c*
^X*4c3 V^COOO A«® ©©i- ©tSC*t*».ac t0©©C* OO r- *» f- CO >- r-

tota*-*©

to«-

*»

co «] *• oo

<s co

-»

eo

>-•

Closing

•*.

to

WW/-'
HtiHS
tO
tOM
09
»OOXOOicOCOtDUO<C<00009ig>OC^'

coo"©ootc«J)«J©
to

8-359-37 8*299-31

45

.

8'07®-20 *'26*-50 8-299-K4 8-739*40
818'9-19 8*469 '47 1-S09-3I 8-239-24

808®-20

8'36®-4f> 8 30-»-S4

s-ig-a^o 8*47®-4^

309*3

8239*40
8

249

—

^•io-a-22 8-279-50 ^•3*9-5 8 2*9-42
8-21«-2* 8-489-49 -1-349-35 S 269*27
c

Tone—

S.C6
•

^OOIK}^CtUO»>'!l''01t3*CHatM>)00'

B
I

Closing..
•§

HO>^00

o

Ran^e

,

5B

CO
CO

W
o
e

W

March—

;

8'46i»'4'/

8-07«-23 828®'fi0 8-299-54 8 219-36
S'219'22 846®-47 8-299-30 8229*23

Range

CO

©

—

8'29®-30

.

October—

cr «3 oo

OX OlK*I»^

8k
*-»ie
8k
8',6
8k
Pk
8k
8k
8k
9
9
9
9k
9k
9
9
9
938
938
9k
8k
**k
8k
8k
8k
8k
*-»18
8»,e
18
89
8"8
8 a ie
8k
8*8
8k
8k
8k
8k
8k
lowest
highest,
and
The

8-18©31 8-32«-50 8-349-53 8*289*40

Range

k-Vooomo tow — o«V eo

©ec"— ©©occ"^

'

o>-j©©<c«j^-jw!

8k
8k
8*

Monday. Tuesday, Wed'day. Thursd'y Friday,
Stpt. I. SepL 2. Sept. 3. Sept. 4. Sept. 5.

SkpTbeb—

H
©--: coxa
- J5C*
•

lOtSM'

5=

M©

« T O"-

Sat'dav

,

•o

©;
"co-

!>«
8'8

Rook

New

MM

h*

t»HO
H«©«at3to»3
'3ej>to©cr»j*-ts»3©©©*j

8*18

...

u>©©o;©©©
OCCO' c©©ov»o>ia<»©Moi©©oi©©©o<c©©o>©c©
:

9k

Fri.

dosing quotations for leading options in the New Orleans
cotton market the past week have been as follows.

8?

«•»©©-=:

9
9

8k

Cincinnati

» «a to » «J
Vtoo
o tc *• a- a
*> © c ao *» a o> -j © o> ee »- to © *• oc © a« © © to * u. w w oo
co

-jcceo:c©xooccar*.oiecao*oao-ju'(j*-cceii&.i^ocaD

Pk
80s
8k
8k
8k
8k
8%

8k
8k
8k
8k
8k
8k
8'ie

Louis...

Thure.

Wednes.

lues.

o»

8pots

Steady.

Options.

Steady

Weather Reports

Firm.
Steady

Quiet,
steady.

Quiet.
B'rlyst'y

Telegraph.— Oar

telegraphic adweather has be in more
CO
favorable at the South daring the week. R*ia has been
«5
eo
to
.•J
1»:
qnite general and from some points an improvement in the
i
H"k-©«0
M»; *>.co
»0
MOOI-'O!
bo V
©to! a* cox A'
c» a -j " i- oo «j ^>oco»9«jeo»9Wto<ii-'i-'ODac>-';
©
Picking is making excellent progress as a
is reported.
crop
©pvl'X
h-O)O©«0D^«JC»^
q?
©
f.HywM~i«iS»^J<H
»a
c
rule, and cotton is being marketed quite freely.
Oalveaton, Texas. We have had rain on two davs of the
eo
!-•*-©- cots
(Oil
©M; coco>
CO
H
week, the rainfall being seventy-eight hundredths of an
wsoo-jwcao — eoN) 10
eo **-©• « ts >j * f to co to
if *»
axi^x-iun ccaiot'J*"*;' so a
inch. The thermometer has averaged 82, the highest being
» -j e co j u © i- o tt.r-«i«J]O>-©lf©©mf.C0C0<lt«-3J'C0-JO
69 and the lowest 75.
The aoove totals snow that the interior stocks nave tn
Brenham, Texas.— We have had rain on two days during
•reosed daring the week 11,356 bales, and are to-night 52,345 the week, the raiafall being one inca and twenty five hunbales leas than same period last year. The receipts at all the dredths. The thermometer has averaged 86, ranging irom
towns have been 25,980 bales more than same week last year.
73 to 99.
Overland Movement fob the Week and Sinoe Sept, 1.—
Abilene, Texas.— We have had rain on two days duriDg the
We give below a statement showing the overland movement past week, thu precipitation reaching eighty bundredtas of
for the week and since Sept. 1, as made up from telegraphic an inch
The thermometer has ranged from 68 to 100, averThe results for the week ending aging 84.
reports Friday night.
Sept. 5 and since Sept, 1 in the last two years are as follows.
Corpus Christi, Texas.— There has been a trace of rain on
three da\s during the week. Average thermometer 84,
'''

,

tc

vices

i

b*t

his evening iudicate that the

.

.

—

*-•

-)

i-«"fcs

1901

1902.

September

5.

Week.

9Mpp€d—
Via St. '""'

-~—-

Via Rook Irland
Via Lonlsvlhe

—

_.
...... ........

Sinet
Sept.

4f»nc«

Week.

1.

Sept.

1

744

727

3,637

2,329

111

111

529

529

...

mmmmm

-

40
66

40
56

381

2.464

1.864

682

38
2
68 2

2

highest 90, lowest 78.
Cuero, Texas. We have bad rain on two days of the we«>k,
the rainfall being fifty-five hundredths ot an inch. The
thermometer has averaged 88, the highest being 103 and the
lowest 72.
Dallas, Texas.
have had rain on three days during the
week, the precipitation reaching sixty-six hundredths of an
inch. The thermometer has averaged 82, ranging from 68 to

—

— We

103.

—We

H' nrietta, Texas,
have had rain on two days of the
week, thn precipitation reaching thirty-one hundredths of an
Total gross overland....,..^.
3,415
3.923 inch.
2,798
5.231
The thermometer has ranged from 67 to 106, averagDtduet tKxpmenu262 2.27P
Overland to . Y., Boston, Ao.
841
1,793 ing 87.
64
•>•>->
Between interior to wna... ......
Huntfville, Texas.
Rain has fallen on one day of the
469
469
495
495 wet k, the rainfall being one and twenty-nine hundredths of
Inland. Ac, from Bouth. ........
Average tbermometer 84, highest 97, lowest 71.
2.288 an inch
1,313
731
Xotalto be dedaeted
._~.
2,837
Kerrville,Texas. —Rainfall for the week, seventy-five hunLeavlngtotal net overland.
2.102
2.394
1,835 dredths of an inch, on one day.
2,067
The thermometer has averThe foregoing showg that the week's net ovriand movement aged 90, the highest being 99 and the lowest 77.
Lampaxas, Texas —There has been rain on three days the
this year has been 2,103 bales, against 2,298 bales (or thweek in 1901, and that for the season to date tne aggregate nei past we-k. the rainfall reaching one inch and seventy seven
hundred'hs.
The thermometer has averaged 86, ranging
overland exhibits an excess over a year ago of 432 Dales
Via other routes, Ao ............

—

1902
JH tight and Bpinnere'
laktnge.

Week.

tinee
Sept.

fr«e*.

1.

108.769
— .... 2,102
5
to
Sept.
5.. 40,000
Southern consumption

89.057 59.21
2.067
2,494
33.000 33.0OO

150,87
11,356

125.024 94 6»9
9,999 *6.618

"v

et overland to Sept.

Game Into sight during week. 162,227
Xotal In sight Sept. 5
BJorth'n spinners tafc'gs to Sept. 5.
*

......

88,991
7

from 70 to 102.
Longwew, Texas.—There has been

local rain on three days
during the week, the precipitation being fifty- >ne hundredths
Since
of an inch. The thermomettr has ranged from 66 to 98,
Sept l
averaging 82.
48,407
Luting, Texas,—There has been rain on two days during
l.t35
the week, the rainfall reaching one inch and eighty-five hun29,0i n
dredths. Average thermometer 86, highest 100, lowest 71.
79.122
Palestine, Texas — We have had rain on three days during
•3,883 the week, the rainfall being one inch and niue hundredths.
The theim mater has averaged 81, the highest being 94 and

1901

135.02

i

19.324

76,239

the lowest 68.

10,040

Pans, Texas.—^Rain has fallen on two davs during the
week, the precipitation reaching sixty-five hundredths of an
inch. The thermometer has averaged 83, ranging from 62 to

Decrease during week.
into sight in previous years.

Movement
Week—

1900- Sept 7
1899- Sept 8
1898-8ept. 9

19©7-6ept 10

Bale*.

90,320
156,437
91.576
146,301

Since Sept.

104.

\—

1899-00- Sept 7
1898-99- Sept 8
1897-98- Sept 9
1896-97-Sept 10

Bale:
P0.320
170,875
112, 18
186,71a

—

San Antonio, Texas. We have bad rain on two days during
the week, the raiDfall reaching eighteen hundredths of an
inch
The thermometer has ranged from 72 to 100, averaging 86.

—

-

THE CHKONICLE.

510

—

Weatherford, Texas There has been rain od three days
during th^ week, to tbe extent of one inch, Average ther-

mometer

90, highest 101, lowest 69.
have had rain on two days
New Orleans, Louisiana.—
dnrirg the week, the rainfall reaching eighty-three hun-

ALEXANDRIA RECEIPTS AND SHIPMENTS OF COTTON.—
4(«ianrfna Egypt,

—

of cotton.

—

Vicbsburg Mississippi. It has rained on two days of the
week, the rainfall reaching one inch and thirty-five hnn
dredtbs. The thermometer has averaged 80, ranging from
62 to 92.

Columbus, Mississippi.— We have had rain on three days
during the past week, the rainfall beiDg one inch and ii >y
hundredths.
The thermometer has ranged from 78 tj 95,
averaging 85.
We have had rain on one day of
Little Hock, Arkansas.
the week, the precipitation reaching ninety-se-ven hundredths
of an inch. The thermometer has ranged from 66 to 94, av
eraging 78.
Helena, Arkansas.—Cotton has deteriorated during the
week. Top crop will be light. There are comp'aints of runt
and blight. The rainfall reached twenty hundredths of an
inch, on one day of the week. Heavy ram in the neighborhood. Average thermometer 70, highest 89 and lowest 57.
Memphis, Tennessee.— Cotton picking is gene al and reports
on the crop good. W*^ have had raia on three days duriog
the week, tbe rainfall being forty seven hundrelrbs of an
inch. Tbe thermometer has averaged 77*2, the highest being 88 6 and the lowest. 64 4.
Mobile, Alabama.- H-avy rains in the interior. Crop re
ports are very ne simisfic. There has been local rain on fi*e
days during the week, the precipitation reaching one inch
and thirty-eight hundredths. The thermometer has ranged
from 70 to 94, averaging 82.
Montgomery, Alabama. There has been rain on three days
dnrirg the we- k, tee rainfall b-ing one inch and twentv
highest 93
seven bunded kn. Average thermometer 8
lowest 71. Month's rainfall two inches and fifty tnree hun»,

dredths.
Selma.

Alabama.— There

a decided improvement in the
crop on good lands and the plant is blooming and fruitWe have had rain on three d*ys during the
ing well.
week, the rainfall reaching one inch and ninety hundreirhs
The thermometer has averaged 80, the highest being 98 and
the lowest 70.
Madison, Florida.— Rain has fallen on two days duriog the
week, the precipitation reaching two inches and twelve hundredths. Tne thermometer has averaged 8J, ranging from
72 to 96
Augvsta, Georgia.
have had rain on one day during
the past week, to the extent of one huniredch of an inch.
The therm, meter has ranged from 63 to 91, averaging 78.
Stateburg. tiouth Carolina.
Conditions are very favorable
for cotton picking. It has rained lightly on one day of the
week, the jainfall reaching four hundredths of an inch. Tne
thermometer b*s averaged 77, ranging from 63 to 90.
Charleston, South Carolina. We have had rain on three
days during the week, the rainfall reaching forty-six hundredths of an inch. Toe thermometer has averaged 79, the
highest being 88 and thn lowest 71.
Charlotte, North Carolina. Crop conditions are eatis r acThere has been rain on one day during the week, the
tory.
precipitation reaching ten hundredths of an inch. Average
thermometer 75, ni&hest 89, lowest 69.
is

— We

—

—

—

Movement prom ill Pobts.

India Cotton
1902
Receipt* at-

»eek

Bombay

Sine*
4,000

Ht

Sept. 1

9.000

t^eeX

1900.

Sinet

Week

Sept. 1.

6.0O0
for

1901.

9000

Week
1.000

Sinet
Sept. 1

1000

Stnet HcflrrnD*

Mmportt

from—

tJreut

Qonlx

Britain.

nent.

fotcu

Great
Britain.

Oonixnent.

total

Bombay—
1902....
1901....
1900....

2.000

4,000

6,000

4,000

4,000

2,000

4,000

6,000

1,000

1,000

Oalonna1902....
1901....
1900....

1900.

11.000
8,000
Tkii
week.

9.000
9,000

Since

Tkis

Since

Sept.l.

week.

Sept. 1.

Cxporta (bales)
i o l,i ver pool..— ....

*

6,000
6,000
Tkxs
week.

Sinet
Htpt.l.

3,000

2,000

3,000
5,000

S.OOO
5.000

3.000
1,000

3,000
4,000

To*al Enrope ..... 3,000
98 pounds.

2,000

8,000

8,000

7,000

7,000

A oantar la

Manchester Uauset,— Our report received by cable
from Man^hoster states that the market is firm
varus and steady for shirtings, Manufacturers are generally complaining. We give the prices for tu-daj below and
leave chose tor previous weeks of tms and last year for
comparison,
io-night

'or

1902
8*4 lbs.

32* Oop. tngt,
Twist.

d.

Aug.l 7
'«

d.

©7i3 18

61B 16 ®7%
f>7%
7
?lie ®7?8
73 18 »8
7*4 ©SJfl

8

" 15
" 22
" 29
Sept. 5

1901.

SMrt- Ootfn

common Mid.
nplds

to finest.
s.

d.

6

1

a.

©7
©7

5

0»s»7

5
5

©7

1

d.

d.

8>«

lbs.

82« Oop. ings,
Twist.

d.

d.

s.

d.

4%

2

4 ?8

*%

5

6
7

61B 16 »7%

d>7%

5

4 27 s „

6*

7J*

©'%

Upldt

to finest.

7*i

5 li**7 8
5 2i«»7 9

Skirt- Oott'n

common Mid.

5

427 32 H1B 16 »778 5
51 32 71 16 88
5
51 1« 71,„ ^8
5

a.

©7

d.

10>9

m^iois

7 a

t4

M

l»«1»7 10is
3 ©8 1

41B
4*8

4

5 3 <«3

«8 2
4-82

427^

—

On pages xiii and xiv of this isaue of the Chronicle will be
found the bnsiness cards of many of the prominent cotton
commission houses of this city, as well as of some firms in
other parts of the country.

—

Cotton Production, Distbibution and Manufacture.
Oar annual Cottou Crop and dpm ims' R-pjrt, which we
nave prepared eo many years, we gi?e to-day in a special
Supplement, enclosed herewith to each of our subscribers.

We hardly need speak of its merits, for they are well known
and acknowledged the world over.
The Report covers, as usual (1)Oar elaborate compilation of the yield of cotton in the U ded Sta es for the year
ending Angnst 31, 1902
(2) an exhaustive history of the
:

;

cotton-spinning industry of the Uaiteui States for the same
year (3) a similar review of th* p o nation of cotton goods
in Earope
(4) complete and detailed staTements for a long
series of years of tue consumption of cotton and the production of cotton goods by the mills of the United States, Great
Britain, the Continent, and n briefer notice >f the consumpnon and production of every otaer minor miuufaotaring
State (5) elaborate compilations of cotton supply and distribution, besides divers other masters onnec.ei with and
throwing lgat upon the yield and uses of the staple, past,
present aid prospective.
Special interest will be felt in tbe European section of 'the
report when we state that the portioa of it woicb relates to
spinners' doings in Great Britain and on the Continent has
been prepared by our Manchester correspmdeot. He has
given a very clear account of the con se and results of cotton
!

;

;

;

manufacture during 1901-02 in every imp^rtinc European
State, and the prospects for cotton consutnp ion iu those
countries the coming year. No one is better equipped than
he is for that work and we are confiient that planters and
spinners will find a study of his fa^ts and opinions not only
;

a pleasure but decidedly helpful.

Government Weekly Cotton Report— Mr.

Jas. Berry,
tbe Climite and Crop Division c f tbe U S. Weather
Bureau, made public on Tuesday he tele>gi aphic reports on
the crop in the Southern Scats for the week ending September 1 summarizing them as follows:
Bat little rain has faUen over much the greater part of the cotton
ht-it went -ward of tue Mississippi Ri ver during tbe past mouth, the last
three weeks of which have been excessively warm, the week ending
September I being pr oticall.v ruleless over toe greater part or Louisiana, portions of Arkansas and Ok ahoma, and ihr nigbout Texas, with
the exception ot a few light showers In tne north central and north-

Chic-f cf

i

eastern portions, the result of which, with the ravages of ln-eots, has
been a steady deterioration In the condition of couon during the second and third deoades. While favorable wea'ber eonditl >ns In the
near future would cause a marked lmpr-vemci t in tbe condition of
cotton In Texas, the reports indicate that, under the most favorable
oirouM mi a ices, the yield would be muoh short of an averawe orop The
central and eastern districts ot tbe cotton belt, with the exception of
p rilons of the Uarollnas. where drought, continues, have received
abuudant rains, but too late to be of materia benefit, while causing
considerable injury to op-<n oot on. 8 m« slight improvement Is reported from portions ot Florida and Georgia and less premature opening from Alanama. but rast and shedding are very general throughout
the ceniral and en-tern districts. ( he weather map of this dale. September 2, shows that good rains feil over a la «e part of Texas daring
the twenty our hours end ng 8 a m September 2.)
I

>•>•

i

The Agricultural Department's Report for

Madrae1902....
1901....
1900....
All oUierb
1902....
1901....
1900....

Total all—
1902....
1901....
190O....

1901.

Receipts (aantara*)-

—

—

1902.

Sepl. 3.

We

dredths of an inch. The thermometer has averaged 88.
Shrevepnrt, Louisiana.- There has been rain on one day
during the week, to the extent of one inch and sixteen hundredths. The thermometer has averaged 83, ranging from
72 to 94.
Leland, Mississippi.— The week's rainfall has been eighty
nine hundredths ot an inch. Average thermometer 77*4,
highest 90, lowest 67.
Meridian, Mississippi. There have been good rains on
three day 8 of the week. Prospects are good tor a top crop

LXXV.

[Vol.

8,000

Sept.

1.

The Agricultural Dopinmeut'H reporc on cotton for Septem-

3.000

1 (August 26) is given below:
The monthly report of the Statistician of the Department of Agrionlt 're shows the average condition or cotton on A.u<ust 26 to have
ber-n 64, as oompared with 81
on July 25, 7l'l on v nmst 24,1901,
bS- 1 on September
1900, and a ten year average of 73 7.
The present uupreoedentedly ow av«ra<e of o >nlit'on, whloh la

ber

2.0^0

7.000
4.000
3,000

7,000
4,0<0
3,000

4. OOO

4 000

4 000
3.U00

4,00

14.000
4.000
7.000

14.000
4,000

5.000
4.000

5,00c

P. 00"

2.0^0

7,"«>0

3,0c

4,0"0
P.000

-*

1

,

two-tenth* of a poiur lower than the ooudition >>o .se.>*eui> r 1,1896,
due mainly to the reports from Texas and .V ;n>aun in tioth of
which States the prevailing oon dtlons are nothing less than disastrous. The average for Texas is 3 u piut« lower than at the corresponding date in I8i#5and 1901 and Is the lowest ever reported for

is

.

3

.

September

6.

8

TBK (HKONIDLK

1902.]

In Alabama, also, the crop Is the poorest ever known.
that State
Georgia reports 9 points below its ten-year average, the condition
figures btMn« I point below he corresponding averages In 1*99 aid
1900. The ooudttion In Louisiana Is the same as on September i,
Mississippi reports 7
1900. or o polats below us ten-year average
points be ow its ten year average, bat i's ooudttion Is still 8 points
above that of the corresponding date in l«0i> 8ouih Carollua Is
wlthtn l point of its ten year average, and North Caroll ia, Tennesson,
and Arka isas are £ points, 7 points, and one point above th-ir
respective ten-vear averages. There are general oomplalnts of th«
Sremature opening and liuperf«ot development of boils, and from
onth Carolina -a State who<e rep Jrts are far from being among the
most unf »vorable-th* statement is made on the authority ot ginu*-rs
that about 14 per oent more seed oocton la required for a 500 pound
bale than in an average year.
That the reader may have for comparison the condition,
according to the Agricultural Department, for September 1
for a series of years, we give the following, collated from its

repons:

Virginia.

.

No. Carolina
So. Carolina

Georgia ...
Florida

Alabama

—

o

t
H

States.

.

.

Mississippi..
Louisiana....

Texas
Arkansas ...
Tennessee
.

.

Missouri

Indian Ter..

Oklahoma

.

Average.

.

©
03

TO
06
00

o

00
fl

en
00

1897.

80
'0

90
95
81
80
86

78
64

87

91

7-

84

60
69

66

81

6"*

78
75
8"
80
56

71

77

64

76
78
74

7"

61

75
82
73
69
76

61

85
53

9»

81

8i

76

65
64
6x
72

6*2

80
73
80
78
76
75
89
95
9?

93

68

7-

60

90

95

60
65

640

71-4

682

80
80
74
68
75
51
68
70

81

H
80
PI

53

61

70

73
7f>

76

7«.

71
72
66
61
60

8o
81

78
70
77
77

62
60
61

ft
9)
CO

CO
a>
CO

X

H

P3
76
e3

F4 100
78 8*
H2 86
76 84
89 82
71
86
75 85
70 91
56 84
7"
89
75 81

77
85

78
78
81
6*
kO
66

901-02

704,037

September.
October

2,13 ,0 IS
1,937,447
1,803,700
1.V9-.S54
748,8 2

November.
Deoember.
January...

February

.

Maroh

May

615,142
3 5.0*1
253,777

June

210.' 74

July

180,990
355.24S
106,316

April

August
Additions*

10,701. 453

Total crop

77

77

79
63
72
72

8*

81

(-2

7y
7*

86
84

9 7<-4 76«- 82-7

1900-1901

1899-1900.

897,521
2.160,459
1,757,728
1,750,661
999,542
653,-94
629,734

1.129,766
1,723,9-7
1,621,641
1,359,518
-i

t69,103
10,425.141

9,4 39.559

427,475
3 15." 59
1,328
167,259

2«

258,154
t88.403

11,23*,483

uj

Total bale*

Bovio, 1,352

1,

52

To Hull, per steamer Martello, 223
223
To Manchester, per steamer Bellena. 700....—
700
To Antwerp, per steamer Zeeiand, 200
20o
86"
To Genoa, per steamer Perugia. 887
Niw Orleans To London— Sept. 5— Steamer Jamaican, 700.
700
To Copenhagen Sept. 4— steamer Florida, 1.250
1,25
To Vera Cruz— Aog. 30— Httamer Hiula. 50
250
SaivESTON To Liverpool— a mt. 30 -Steamer Iran, 8.9-3
8,^23
ToManchester-Ang. 80 -Steamer Dunnar, r>,t94
5,694
To Bremen- Sept. 3— Steamer Frankfurt. 10,"45
10,0»o
To Hamburg -Aug. 2 —Steamer II Premonte, 1,000
Aug. 30 Steamer Drumcrail, 7o0
Sept. 2 Steamer
Borneo, 1 Odr.
Newport News—To Liverpool— Aug. 29— Steamer Shenandoah 12&0-...
Philadelphia— To Manchester -Au<. 29— Steamer Planet
Neptune, 43
SAN Franoisoo-To Japan— Aug. 30— Steamer Karea, 450
Sept. 3 -8teamer Gaelic 600

—

2,793

120
49
1,350
3 4,51

Ltvebpool. By cable from Liverpool we have the follow
ing statement of the week's cables, stocks, &c, at that port.
Aug. 15.
of the week.. .....bales.

Actual export.............

Forwarded
Total stock— Estimated
Of which American— Est'd.
Total Import of the week
Ot whieh American

Amount

afloat

...... ......

Of which American

the coue

42,001
2,600
1,600
88.000
8,000
40,000
504,000
415,000
16,000
10,000
25,000
16.000

Aug. 22
34,000

800
2,600
28.000
5,000
39,000
476,000
387,000
16,000
6,000
17,000
11,000

Aug. 29.

Sept. 5.

29,00c
1,200

38,001

3-*)

2,0 JO
27.1MM
8,OOt
38 001

22.000
9.000
46 000
436,000
352,000
15.000
7.000
21.000
lB.OOf

1.20X

877.001

30

",000

5.00t
3.00C

2«.0<H
22,00C

Liverpool marbet for spots and futures
each day of the week ending Sapt. 5 and the daily closing
prices of spot ootton, have been as follows.
of Che

at a

deciiue

Br'lysfdy'

a&raet.
«

P

pis
deoitne.

*(s,3

M.

53i6

6.000

7,000

7,000

6,000

6,000

500

500

500

500

5W

©he

Steady Br'lysfdy Heady at Steady at Easy at
l-t)4 (ft 2-6- 8 «4«8 64 4-tU @6-«4 5-«4<ae-fl4
at an
advanoe.
decline.
advance. deoline. advance

Steady

Market
opened.

She

'

Steady
at an
advance.

Quiet.

Feverish, BrMy st'dy Steady at
5H-«»4Pt». *® 5 pis. *H@« pts

TMtce.

advanoe

decline.

*iven
f be prloea of futures at Liverpool for each Jbj
lelow. Prices are on the basis of Uplands, Good Ordinary
'auRc, unless otherwise stated,
The prices are given in pence and GAths. Thus : 4 63 means
4 63-64d.. and 5 01 means 5 l-64d.
•».•<

Wait.

TIor.

Tn«».

Wed.

Aug. 30

Sept. 1.

Sept. 2.

Sept. ?.

121

12%

1

4

121

4

121

P.M. P.M. P.M. P.M. P.M. P.M. P.M.

\

ept.-Oot

mm

..

ng. -Sept. .
...

F*b VTnh

Moh

..

4

....

450

4 51

30

t

4

27 4
4 <7
4 26 4 26 4
4 26 » 26 4
4 25 4 2 14

-April.. 4
May 4

\prll

80

.

d

....

a

4 47 4 47
4 37 4 87

>cY Nov.... 4
..

d.

d.

d.

\npust

24 4 2*4
£4 4 24 4

39
33
30
28
2«
27
26
26

d.

d.

...

. . -

4 60 4 51
4 41 4 89 4 40
4 34 4 82 4 34
4 31 4 29 4S>
4 40 4 27 4 29
4 29 4 27 4 29
4 20 4 26 4 28
428 4 25 4 27
4 27 4 25 4 27

Tbnrt.
Sept.

121| 4

4
r.

m

P.

d.

d.

d.

M

....

Frl.

4

Sept. 5.

121

a.

d.

...

....
4 64
4 44

62 461
4 51 4 51
4 45 4 4f> 4 39
36
4 4214 42
4 40 4 41 1 34
4
4 40 4 40
34
4 81 4 2=k 4 :-9 4 3w 4 33
4 SO 4 24 4 39 4 39 4 32
4 30 4 24 4 38 4 3- 4 82
4 38 4 38 4 82
54 4IS7
4 1
4 46
4 37 4 40
4 33 4 37
4 32 4 ;-6
4 HI 4 25

4

4

P.M. P.M. P.M.

4

-

.

d.
•

••

4 65

4
4
4
4

46

40
37
36

135
4 34

4 34
4 34
4 34

BREADSTUPFS.

t

800,987
564,836
2*2,647
239,000
174,387
205,251
182.270
229.036

Iiw York—To Liverpool, per steamer

Easier.

Friday, Sept. 5, 1903.
DuriDg tbe latter part of the week, based on a^trorigerturn
to tbe market for the grain, mills advanced their p ices for
si m« grades of fl >ur 5c. per barrel.
The volame of business
1898-99
In a few intrariHaVt>d has sQown do appreciable increase.
982,766 stances iuyere purchased supplies with sl'gh'ly more freedom,
2.29-. 6' 6
u- as a rnle the trade has been dispose 1 t.t operate on ahand2,3-3,009
n-mi uth bisis. City mills have beeD quiet but steady, flye
2.089,594
1,101,499 fl >ur bas had a limited jobbing sale and at steady prices.
495,5 4
632,563 Cora meal has been in slightly better demand and at firm

926,2.

498.137
348,2-9
311.203
249,^86
237,690

Moderate Moderate
demand. demand.

Busier.

513a

futures.

of the cotton season 1901-1902.
the tnree

reaohed 34,518 08168, The shipments In detail, as made
from mall and telegraphic returns, are as follows'

Of whloh exporters took...
Of whloh speculators took.
Bales American
..........

pec Aexp.

(an Feb..
lI

—

ales

business

5 000
2,0 JO

*ie»

>«o -Jan....

Shipping abwb. As shown on a previous page, the
•sports of ootton from the United States the past week havt

—

Moderate

dull.

5 1 88

•Ud.UyrdB.

t-3

7<

all

Total

Very

J

78
79
81
82
88
83

76

corrections in port reoeipts and overland
made at tli- close of the season, as well as Che excess in Southern
consumption, as shown oy the actual results. This total is incre.s^d
or deoreasea by interior town stocks. In the season just closed there
was an increase in interior stooks over the total of Sept. I, '90",
and the same was true of 1898-99 and 1897-98. In 1899-1900 a heavy
decrease ooenrred.
t Deductions.

•"Additions" include

(

Vov.-Deo.

For purposes of companso i similar results for
preceding years are appended.
Months.

Market,
2:30 P. M.

i-t

68-5 79 8 78-3 64-2 70-8 8

monch

Monday. Tuesday. Wed'day. Thursday Friday.

Safaay

UpOt.

1

511

XW

iH
OJ
CO

1892.

AMOUNT IN SIGHT. — Supplementary to our Annual Cotton
Crop Report, and at th9 request of a nuaabsr of read-rs, we
give below a table showing the amount of cotton which cam e
in sight daring each

.

.

price-".

Speculation in wheat for future delivery bas been moderBusiness was interrupted to some ex ent durntr tr*e br->t halt f the week by tbe observing of holidays,
aud th-tnges in prices were unimportant. Subsequently, however, there developed a stronger tone to tbe market, and on
We^ne-day pr ces advanced rather sharply, showing a gain
The European cable advices were in
f r thn day ot ^Hl^a.
tbe nature <f a surprise, reporting higher piices than expected, aud this started buyirjg by room traders
Later in
tbe day reports of low temperature in tbe Northwest had
th^ir ufluence in favor of the market and started buying by
shorts to cover contracts.
Thursday, after opening at a
slight advance, tbe market turned easier under selling by
recent bu\ers to realize profits. Earopean cable advices were
disappointing and weather reports Irom the spring-wheat
belt were of a more favorable character.
The spot market
has been qniet bnd prices have not advanced with futures,
the premiums Darrowing. To-day there was a fairly active
and firmer market, following an advance in corn. The spot
ately active.

*

market was quiet.
aan,T closing prices or ho. 2 bbd whiter
tfai.

ash wheat

f

o b

_

<ept delivery In elev.... Holin»c delivery in elev
day.
May delivery In elev
oaXLV OboaiHO PRICES OP HO.
Bat.

wheat

Man.

lues.

Uon.

Tuts

knew YORK

W'd.

Thurs.

tri>

76i4
751
76 Ts
76%
76»«
Holl7. 7a
7*8
741
73»8
74
iday.
731
72%
75
741
75%
751
2 SPBTHO WHBAT IH «JHl1 AGO.

Wed

rA««"t.

Fri.

71 •»
711
721
^°""
l>eo delivery in elev
6H1
68
68%
u*y
May delivery in elev
7o%
fc9%
70%
69»s
Indian com futures have received a moderate amount of
speculative attention, and for the week prices show an
advance. The up-tutn to values came with the second half
of the week, and was based largely on a frost scare. The
weather map on Wednesday showed a considerable drop in
tbe temperature in the Northwestern States, and fearing its
extension into the corn belt, bringiog irosrs and damaging
the corn crop, shorts entered the market as fairly go. d buyers to cover contracts, and on this demand prices on Wednesday adva ced ^<a2c. Thursday the reports from the corn
ifclt were tf a character to dispel fear of trust, warmer
weatter berjg predicted, and the market turned easier. The

*ept delivery In elev....

70%
671
691

701
671

„-,.

'

"Cincinnati Pi ice Current" says that the corn position is a
little more favorable and fine, but a roisiderable portion is
late.
Tbe sp it market has been quiet. Today frost talk
was ngain revived, and the market turned fiimer. The spot

market was firmer.
OAILT GLOBING PRIOHB OP HO. 2 MTXBD 0ORH
Hon. Tues.
Sat.
Jash corn

t.

o.

Holiday.

NBW VORK.

W-a.

Tnurs.

691
66%

69%

Holi-

6«1
t4%

1

681

day.

47's

48 7s

48>*
44«8

451

b

8ept. delivery In elev....
l>«0. delivery in e iev
May delivery in elev

JJf

441

451

6

fri.

70
48 78

»

.

daily closing priohic of no 8 MJXKO 0O8!< in <7H*«^ ,*««».
!"*•>*-«.
Wert.
Tue*
fr>.
Hon.
58'8
5738
57 *s TToli
5816
59
Sept. delivery In elev
42 3.
4314
Deo. delivery In elev
43*8
42^ day.
39ia
40
3938
May delivery in elev
40 >4
39^
Oats for future delivery at the Western market have be en
quiet, but during the latter part of the week there wa9 a
moderate advance in prices. The grading of the new crop
now being marketed is reported as poor, and this, coupled
with the stronger turn to the market for corn, started buying by ehoitsto cover contracts, and prices advanced. Locally the spot market has been moderately active at steady
prices. To-day the market was active and higher.
DAILY 0LO8IMQ PRIORS OF OATB IN i4HW YORK.
Tuft
Mon.
Wed "kMft.
frt
8at.
Nom'l. Nom'l.
HollHoli- Nom'l.
35
Ho. 1 mixed In elev
»o. 2 white In elev...... day.
day. Nom'l. Nom'l. Num'l. Nom'l.
DAILY CLOSING PRICKS OF MO. 2 MIXED OATH IN CHK'AUU
Ihurs fri.
Wed
Mon.
Tue*.
Sat.
34%
35 H
35ifl
34
34Vj
Sept. delivery In elev
Holi3038
31
313g
31
Deo. delivery In elev
31°a
day.
30 78
31%
31%
May delivery In elev
31%
3l>e
Following are the closing quotations:
FLO TIB.
© ....
Patent, winter
93 65 ©3 85
yine...^. .... ......
2 75 92 85
City mills., patent. 4 20 ©4 70
Snpernn& „...
Ryetloor.anpernne S 20 03 75
Extra, No. 2. . ..„ 2 90 ©2 95
Buckwheat flour
Extra, No. 1 ,. ««... 8 OS 93 20
9 ....
93 35
Corn meal(jiears.....a^.bsoo«o. 3 15
Western, eto...„ 8 40 *3 50
BtralKhto.,., ,„ m ... 3 35 «3 80
Brandy wine
Patent, spring.
3 85 »4 70
8 55 @3 60
floui*
L&oia
(Wheat
la
sells at prices below those for barrels.)

—

0K4IH
Wheat, per bnac»—

o.

Man..!-. )1..

t.o.
f. o.

N'thern DnL, Ho.l

Corn, per bnsh.—

o.

7

b 89 s
b.80*8

Bed winter. No. S t. o. b.76%
Hard No 2
t. o. b.7o 78
Oats— Mlx'd.p bash. 32 935
32 «44i«
White
Nominal.
No. 2 mixed
whit*
Nominal.
September shipment.

jHo 9
*

o.

Western mixed

No 2 mixed......
No. 2 yellow
No. 2whlte
Bye, per bashWestern .....
State and Jersey
* Parley-West

e.

68 1*fl'70
f.

o.
o.

b

70

b.72
i.o. b.72
t.

..52*i957i*
55*3 »f 6
52 »68

*Feedlae. ...... .........44

947

Government Weekly Grain Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the telegraphic reports on
the grain crops in the various States for the week ending
Sept.

1

©

.

THE CHR0N1CLK.

512

Bard

!

as follows:

Weatheb.— The temperature

conditions In the northern districts
east of the Missouri Valley during th« week ending September 1 were
more lavorable for mutuiinff crops ihan in the previous wet-k, but, as
In the two weeks immenia'ely precwitnK. excessively htgli temperatures prevailed in the central and west Gulf districts, li. eluding Oklahoma and Indian Tt-rritoiy. Exeeesive rains have continued in the
lower Missouri and Bed River of the North valleys, to the serious
detriment of grain in shook and stack, and with temperature sllKhtly
below normal in the Mlssfurl Valley, the maturity of cr>'ps has not
advanced rapidly Continued abeente of rain has intensified the
drought In the West Gulf districts, and rsin is generally needed
In the Ohio Valley and In oast districts from Southern New England
to the Carolines. Generally abundant rains have relieved drouubt
conditions in ihe East Gulf difliiete. Frost, with ioe, in exposed
places oi'cuned in the Northern Rocky Mountain region on the morning of Augutt 29 Generally favoiable conditions pre v alled on the
Pact tic Coast, although rather cool in the northern districts during
the fore part of the week.
Cobn.— In Ihe Btates of the Missouri Valley and in portions of the
upper Mississippi Valley corn has made fair proaie»f, but Ins not
matured rapidly, owing to low ten peratures and excessive moisture.
the Missouri Valley lor the
Dry, watm weather is vreatly needed
matuiitj of corn, which will require practically a month in Iowa and
Eastern Nebraska. In Illinois, Indiana at d Ohio ihe maturity of ooin
has beer more rapid, but the late crop is in need of rain in portions of
Wisconein, Indiana and Ohio. Karly corn is being cut in Missouri
and Kansas and Is beitg marketed and fed to stock in the last named
State
Bpbing Wiieat.— Rains have greatly interfered with threshing of
Spring whe-ti throughout the Dakotas, Minnesota Iowa and Nebraska,
and sprouting In shook Is extensively reported. Harvesting is nearly
finished on the North Paclllo Coast, where threshing Is progressing
under favorable conditions, with about average yields.
^

m

%ST For oilier tables aaaullr liven here see vote 481

ing lines are practically sold ahead for th'* spring seas in.
Tueiu has been a quiet market reported for overooatioge, and
cloakings are unchanged.
fair business is recorded in
woolen and worsted dress goods for next spring and nearly
all in staple lines.
The tone of the market is firm. Flannels and blankets are steady, with a quiet business doing.
Domestic Cotton Goods. Tne exports of cotton goods
from this port for the week ending Sept. 2 were 3,668
packages, valued at $160,967, their destination being to the
points specified in the tables below:

A

—

H bw York to Sept.

York. Friday, P. M„ Sept. 5, 1902.
The market closes the week with a decidedly stronger tone
in the cotton goods division, the improvement noted last
week having developed both in the volume of business and in
the matter of prices. In a number of instances bids which
were regarded last week as fully up to the market, have been
turned down where sellers had not the requiied merchandise
on hand, there being a marked indisposition on their part to
accept lorward contracts in any staple line. The Fall River
market is quoted l-16c. higher on moet makes of cloths, and,
although there have been no open advances quoted here, the
market is tending upward with recent irregularities eliminated. There has been a good general demand, for quick

Nbw

supplies chi fly, but a considerable increase in purchases for
future delivery could have been recorded if sellers bad proved
A large distribution throughout
less difficult to deal with.
the country from second hands is to some extent responsible
for the ci urse of the market; but the most powerful factor
at work just now is the situation in raw cotton. The Government's very low estimate of condition is regarded with
suspicion, but it nevertheless suggests possibilities which
bmers of cotton goods can hardly afford to disregard.

Woolen Goods.— Buyers

have been in smaller attendance
th is week than of late and business outside of the finer
grades of fancy worsteds has been on a reduced scale. In
fancy worsteds the demand has been on a freer scale than
last season, and the advances in prices noted last week have
In staple woolens and worsteds
been well maintained.
also the market has ruled firm, and quite a number of lead-

1901

1902.
2

Week. Since Jan.

[Since Jan. 1.

fteek

i.

ttreat Britain....

28

Other European.

1,148

3

871
88,526

3,300

i",eV6

le.,615

55
87
472
38
30
8*0
1,337

3.507
1,001
71,265
2,892
S0.885
6.649
14.982
1,342
5,168
40.580
6,923

6,885

185,144

Ohlna....

,

India
Arabia. ..„ ......
Africa
........
Mexico............

8

Central America.
South America...

180
884
630

13,446
6.668
16,021
1,550
6,131
34,333
9,861

3,668

195,470

""Yd

West Indies......

285

OtherOonntrles.
Total

160
26

The value of the New York exports since Jan. 1 to date
has been 10.002.183 In 1902, against $8 156,024 in 1901.
Bids for fair quantities of brown sheetings and drills have
been turned down by sellers this week at prices at which recent bueiness was done. The home demand for brown goods
generally shows an improvement. Goods in stock are no
higher than a week ago, but sellers held for higher prices on
goods to be made. Fine yam sheetings are firmer, with a
better demand from converters. In bleached muslins the
demand has been good for small quantities and the tone of
the market quite steady. Bleached cambrics in fine grades
are scarce and very firm. In wide sheetings and made up
sheets and pillow cases the demand has been moderate at
previous prices. In coarse colored cotton*, such as denims,
plaids, cheviots, etc., the demand is imptoving and prices
rule very firm, There is no change in kid-finished cambrics.
Prints, both staples and fancies, are firm, with a fair demand,
Ginghams are well sold in all lines and very firm in price.
Print cloths are in good request at the close of the week and
generally 1-lOc, higher. Regulars unchanged at 3c.
Foreign Dry Goods.—There has been a fair amount of
business n< firm prices in imported dress goods in woolen and
worsted fabrics, fc'iiks are quieter than of late, but firm.
Ribbons are firm but quiet. Linens are in better demand at
lull prices.
Burlaps unchanged in price, witn buyers more
anxiuus to do business.
Importations aad Wuretaoune Withdrawal! ot Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending Sept. 4, 1902, and sinoe
January 1, 1902, and for the corresponding periods of last
year are as follows:
a

H
o

«

art

9

A

P>

S»ir°°P
™ M s? o R

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m

S:

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Mi

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1

THE DRY GOODS TRADE.

LXXV,

[Vol.

s

M M
©
© 3
©
M

2

September

6,

THE CHRONICLE.

1902.]

St^te and

B£f*BTW£

City

513

Location.

Page

Rate.

Maturity.

Amount.

Price.

4
5
6
6
5
4

1903-1919
1922

$17,000
15,000

102-665

1903-1905
1903-1909

2.41

H2716

7,000

100*428

5

1905-1922
1932

IP, 000

106-571

35,000

100

lo.ono

101
105-32
102 30

i
356. Gralton.N. D.k

35*.. Goshen, N.

wranr Co.. Ind (2 Is)...
304. Green Twp Ohio
304. .Greenville. Oblo
304. .Hamptonburg. N. Y. ..
465. .Hatrisburg (111.) Soh.

4r>4..

.

MUNICIPAL BOND SALES IN AUGUST.
The aggregate of municipal bonds marketed during
August was small, falling over one half million dollars
short of the average for August of the decade preced
According to oar records $8,009,256 bonds were
ing.

placed daring August this year, as agatnst $15,430,390
In July 1902 $12,961,550 bonds were
in August 1901.
disposed of; this total is $400,000 less than the published figures for that

month given

in the

Chronicle

the reduction being caused by the iact tliat
$400,000 bonds of Troy, N. Y., were refused by the
Large issues
parties] to whom they were awarded.

August

9,

were few.

Cleveland School District on

The

August

,

.

Diet
406. .Hendersons-Hie, N. O...
406. .Heron Lake (Minn.)
Heh. Dlst

514. .Hicktvllle. Ohio.
406. Highland (Cal.)Sch Die.
515. .Hiliedae Mloh. (2 1b.).
40rJ. .Bomestea'i; Pa
465. .HjdePark O (31s.)...
356. Jftft-rson Co., Ohio
406. Ktrkwood, Mo
.

Kuieriuu (la

304.
406.
356.
304.
357.
357.
515.

)

Soh. Diet.

.Lacrosse, Wis

.Liberty Centre, Ohio...
.Lincoln, Neb
.Linton, Ind",
.Lcndon, Ohio,
Lonii BraiiOh (N, J.)Soh.
Diet No. 85
465. .Lorain. Ohio
406. .Louisville, Ohio
515. .Lovington, III
357. .Lvons. Neb

bonds

Leach & Co.,

to F^rson,

New

Yoik, at 101-336.

1902 were 188 and 249, respectively. This contrasts
with 219 and 246 for July 1902 and with 169 and
210 for July 1901.
In the following table we give the prices which were
paid for August loans to the amount of $7,525,142,
The aggregate of sales
issued by 151 municipalities.
for which no price has been reported is $484,114, and
the total bond sales for the month $8,009,256. In
the case of each loan reference is made to the page of

Chronicle where

the

Page.

a full account of sale is given.
August Bond bales.
Amount.
Maturity.
Priu.
Rate,

Location.

5l4..Aequackanonk

355.. Akron, Ohio

3^
4

Ohio

Co.

)

1932

4

4
5

355. .Bellevue, Ohio
4
355. .Be Iport (N Y ) School
Diet. No. 28
4
355..Bridgetoa, N. J
4
355..Btnte (Mont.) Soh. Diet.
No 1
4
3*9
405..Cant>joharle, N. Y
303 .Canton (O ) Soh, Diet.. 4
303.. Carbon Co, (Mont.)Sch.
Dlst No. 2*
6
4
464.. Charleston, W. Va
464..Cheha)is Co. (Wash.)
S.h Dist No. 5.
5
464..Chehaii<>

5

5

514. .Alexandria, Va.
355..Barre, Vt
355. Bath, Pa
464..BayonDe. N. J

U918-1922
U907-1932
1922
1904-1918
1906-1914

1906 1920
11912-1922
11912-1922
1903-1930

1916 1918
907-1912

1922
11912-1942

4

1903-1922
1907-1917

Y

4*8

101-15
lul-50

60,000
S17.U00
102
i 2, ZOO
12,500 100
15,000 107 35
6,500 10080
103-70
102-70

15,000
25,000

96-50
100-078

100,000
30,000
70,000

102039
J

101-80
100-57

190o-1922

4

Dlst

4*a

Y

5

335

405..K uiwoofi Piaoe, Ohio..
405.. Elyrla, Ohio

4

5
5
464. .Essex Co.. N.J
4
406. .Evansviile, Minn
5
356. Fergus Co.. Mont
4*4
356. .Fonda. N. Y
4
514. .Forney (Tex.) Soh. Die. 4
464.. Fostoria, Ohio
4
464..Fredonia (N. Y.) Soh.
Diet. No. 8
3Js
406.. Fulton Co.. Ohio
5
464. .Galveston Co.. Texas.. 4
406. .Geary (Okla.) Soh. Die. 6
405..Eiyrla, Ohio

356.. Geneva, Ohio
304 . Glovers vllle, N.

Soh. Diet

305 .New Rioh.-i o-.d, Ohio..
466 New London, towa
357 .Newton Co., Texan
515 .New Yoik City (18 is.).
515 Noblesvllie, Inrt
51ft .Northampton, Mass. ..
305 .Nor walk, Ohio
357 .Oakland. Md.
516 Oo auCity. N. J. (2 is.)
515 Ohi> University
357 .Okmulgee, L T

1.200
60,000

100
111-50

Omida, N.Y

Y

4*3
3 *a

1932

4 07..Quinoy, Mass
305. .Ka ine. Wis.
358.. Ked Lake Co.. Minn
358. .Rockwall, Texas
466. .Rotterdam (N. Y.) Soh
Dint. No, 5
407..RuBhford, Minn...
516. St. Ansgar, Iowa
406. .St Mary's, Ohio
516..Satem, Mass
358 Salisbury (Mo ) School
Diet
407. Saratoga 8prings, N. Y.

1903 1912
1912
1903-1912
1903-1907
1940
1903-1909
tl»12-1922
19<7-1931
11907 1922
1922
1906-1911

1904)911
11922-1942
1922
1907-1919

1932

Dist
408. .Sprint Held, Ohio
306..8pringtield (N. J
DiBt...

)

Y

306..Sr.rlngvllie, N.
5 16. Sylvan »Oal.) Sch. Dlst.

100-50

3-9..Totek». Kan
3i 6. .Trenton, N. J. (3
306. Trenton, N. J
5 7.Try.N. Y
408.. Vlcksbur*. Mies
467. .Wairen. Ohio

300.000
6.500
50,000
32,0t0
15,000
10,000
6,000
40,000
8O.00J
6,500
25,000
25,000

.\.

6 7.. Warren. Ohio
3 9. .Warsaw, N.

10116

359..Watertown,

113-07
100--85
102-02

100
100

10068
100

100525
100
109
104-848

100972

is.)...

.

100
103

1903-1908
1907-1917
1917-1918

ft.

000

2,0110
26.01

100865

164 000 101-219
2o,00" 10O
9.735 102-064
8.000 103- 475
25,000 111 804
4,000 10250
3,800 101005
3.000 102-70
215,000 100
10,.- 00
104-048
1,200 107 50

4

5
5

19"3-1907
1^03 1908
11907 1922
11917-1942
1S03-1927

4
4
5
4

1909-1912
1903 19)3
1906-1907

12,000
22,000
1,500

5

U912-1917

3*s

5
)4i«

1903-1932
1903-1917
11908 1*12
1912-1922

15,000
315,000
200,000

5
4

U907-1922

4
5

1905

192-1931

4

193 2
1932
1903-1922

3*2

6
4
4
3
4
3**
5

4
4
5
5

6
3 1*
3*9
4»s

100
101 068
101-167
10O-742
103-44

1903-1908
1903-1922
1915-1918
fl9l2 1*42
19 '1&1942

1907-922
1903-1912
1903 19*2

"1O32""
1910-1912
1932
1903-1912
1903-'912

U912-1922
1903-1930

1903 1921
1903-1912
1903-1942
1903 910
1912
1

4.000
10.O0O

10192
10051
j

j

7,r>00

101-785

9866

40,000 100375
50.000 100-30
12.000 110
5i,000 106-25
10,000 101-30
1,500 104-333
4,000 100-875
2,0<0 104
24.000 100
1,554,080 tfioo
lOOOi) 10a
60,Ou0 100-82
10,000 107 90
8.000
96%
8 >.000 100
100 o 109-55
20,000 J101-75

20

mo

O-

5,000
6,000
30,000

10')

11O6G6
100-078

6,500
95,000
11,800
J
60,000

104 79

101079
50
iS»"

101-917

25.0C-0

10OO8

47,000
12,000

IOl-50

5

U907-1922

5
4
5

1903-1910
1906-1912

4*8

1903-19'

4

1903-1904

4,000 103 05
7,000 100
5,000 107
50.5v5 101-335
3,25011100

5

1907-1922
1917-1921

15,000
80,000

4

4
4
6
4
4
5
4
6
5
5
3-a
S^a
3*8
4>8
4

Mass.

19031910
1912

100

103-333

102014

4,0fl0

10021

22,000

100-27

1907-1927
1911

39,500 100-585
7,600 102-893

1922-1938
1905 1919
1903-1912
1903-1932

17.000 100
6,000 1OS07
1,500 107
20.000 1 00-225
loo
7,5<
10 000 104-10
12,500 102 083

U907-1912
1932
1912
1903-1912
1903-1912
1932
19*2
1917-1936

1903-1917
1903-1914
1903-1932

4,700
60,000
20.000
98,000)
IO.OOO5
578.125
50,000
37,500
19,00)
66,000

105-625
101 528

101565
101-57
101-236
1*9-008
0-70

1<

100504
100

(2

307..W»ierviiie, Me
409. West Point. Ga
467.. Wharton (N. J.) School

3*8
3*8

4
413

Diet

Wash

Y

409..Whittier (Cal.) School
Dlst
517..Wlllian)sport,Pa
409.-.WInnsboro, S. C
307.. Wisconsin Soh. Diets.,
(11 Issues)

ICO 227
101

43,7

3ifl

4

105-35
102-80

6,0'

21,400
4,400
11,300

3*20

issues*

409.. Wheeling, W. Va
409 White Plains. N.

100-514
4,500 101-389
5,000 tlOl
1.VOO 100
11,0 O ltO-50
12,000 103
70,000 100-571
19,01*0

1903-1907
1903-1907
1903-1907

4

Y

467. .Whatcom,

1912

Soh.

359 Topeka, Kan

104-63

5
4

4»a

100

109-93

5
5
6

4

100-75

14,000
40,0 )0
10,000
9,5f0
1,500

4*«

407..8chodack (N. Y.) Sch.
Dlst No. 10
4
407. South Bend, Ind. (2 is ) 3>2
407..Sonih Sharon (Pa.) Sch.

6.000
3.300
10.0U0

100

4*a

5

3*2

100
102-25

19,700

U907-1912

5

357 .Peabody, Mass
407.. Portland, Ore

600,000
10,000

104

6

1912-1921
1903-1912
1908
1922

4

3*s

NY

.

358..8wissvale, Pa..
51 6. .Tabor da.) Soh. Diet....
35w.. 1 lomanville, N. C
408. .Tiffin. Ohio
517. 'liaamo. k Co. (Ore.)
Sch. Diet. No. 9

8.C00

10171983

3*9
305 .Oneida.
6
407 Oxford, Ala
8^
407 ..Paiatine, N. Y
357 .Fa'oAlto (Cal.) Sohool

100

(Pa.) Sohool

464. Eaet Rutherford (N. J.)
Soh. Diet
405.. East WhlttlerSoh. Die.,

.

oo 100308
36 000 101 30
e,f

8,000

4
5

CI

100
100

1904-1922

1

Diet. (2 issues)

405..Eimlra, N.

6,000
1,500

1,000
70,000

tl

U904-1907

405..Duqneene

101

U912-1922

5
5

N.

$2,500

(Wash.)

356. .O ehooton, Ohio
464..Coudersport, Pa

is.)...

.

Sen Diet. No. 11
464.. Clark Co. Ohio
514. .Cleveland lOhio) Soh.
304..fonjanohe, Texas
514. .Com wail - on - Hudson,

....

Dist

1907-1911

5

5^

Diet. No. 6

514..tteiief<>Dtaine,

Dlst
Marshall. Mloh
.Medina. Ohio
.Mercer Co.. O. (4
.Miles City, Mont

(N. J.)

Sun. Diet
464. .Adams Co. (Wa8b.)Sch.

4
4

111-917

1,200

)

357 .Milton. Maes
305 .Mobile, Ala
515 .Montioello, Minn..
305 Morgan (Tex )Sch. Dls.
357 .Mc. Vernon. N Y
466 .Mt Vernon, N. Y..
357 New Brunswick, N. J..
466 .New Bruuswick, N. J..
466 .Newburgh. N. Y
305 .New Fmrence (Mo.)

3 5

1917
1904 1908
1903 1906

4%
(0

515 .Ma^sni-ld, Ohio...
515 ..Mansfield. O (4 isr-uee)
357 .Maiehfleld (Wis.) Sch.

Essex County, N. J., placed $300,000 4 per-cent gold
406
court- houee bonds on a basis of about 3 '387 per cent, 406
465
the purchasers being John D. Everitt & Co. of New 305

York City.
The number of municipalities emitting bonds and
the number of separate issues made during August

*"l9l"i""

6
6

5
5
5
5
5

33

.

29 placed $600,000 4-per-cent bonds at par with local
MoKinney. Texas
banks, which will hold them until conditions are such 465
305 Madison Co.. Mies
o SpilDge
that a fair price can be obtained for the same. Troy, 515 .MannerDiet
»oh.
$578,125 3^-per-cent water 515 .Mansfield, Ohio...
N.
, on August 29 sold

Y

4^

3*8

Huds< n, N.Y

3*6

5

10\-:-

15000 107-466

6
4
4
3
4*2

3*8

1912
1927
1932
1906-1924

20,000 101-56
10,000 105-50
97*«
10,000
18,500
60,1.00

103-973
100
100 51
104 80

1912-1936
1912-1915

202,200
11,000

103*50

11912-1922
11922-1942

12,000
81,000
10,000

41,500

100

j

102082
100
100

J

-)

ujia

— ——

:

THE CHRONICLE

514
P iQt.

—

——

Liocatwn.

Dl8t
i09.-Tot.kere, N.
409..Youkers, N.
308. .Ym kern fN.

Y
Y

$6,000 100
8,000 100 70
4,452 10012

U912-1922
1904
1903

hool

S<

)

Price.

Soh.

5
4
4

Y

Amount.

Maturity.

Rati.

409..Wortham (Texas)

1926-1939

8*9
3»a

Diet

808. .York, Pa

102.450
65,000

U922-1932
1903-1912
1903 1907

5
808..YoungHtown, Ohio
3C8..YoungetowD, O. (8 Is.). 5
517..YouuK8town, O. (3 U.). 5
5
467..Yreka, Cal
617..Z*neaville, O. (3 is.).... 5

19,

00

100 27
103-07
108-666
102-92
1< 6 .^O

4,200
1.875
65.000 100i0
8,900 102-258

1903-1939
1903-1907

Total (151 municipalities, covering 212
$7,525,142
separate Issues
Aggregate of sales for which no price has
been reported (37 municipalities, cover484,114
ing 37 separate Issues)

[Vol.

LXXV.

bo>ds Re awarded.— 'We are advised ihtt tbe $11,500 4%
Street improvement bonds originally awarded on
August 5 to Reed, Merry & Co have been re-awarded to
Seasongood & Mayer of Cincinnati,
Bona Sale— Tbe $25,500 4t Church Street improvement
bond s described in the Chronicle July 26 have been awarded

Summit

to Seasongood & Mayer, Cincinnati.
Bradd ck, Pa. Bonds Voted. At a special meeting held
August 26 the issuance of $117,000 bonde for a school house
in the First Ward and to pay off floating debt was authorized by a vote of 105 to 20.

—

Independent School D strict.
Attorney -General has approved an
issue of $i,00n school house bonds of tbis district.
Broad water County (P. 0. Towuseiid), Uont —Bond
Sale.— On September 2 the $20,000 4% refunding ar,d th» $20,Total bond sales for August 1902
i$8,009,256
O0n 4% fnnding 20 year bonds described in tbe Chronicle
* Average of dates of maturity,
t Subject to call In and after the
August 2 were awarded to N. W. Harris & Co., Chicago, at
earlier year and mature In the later year. $Not Including $1,191,000 par and blank bonds.
of temporary loans reported and whioh do not belong in the list;
Burlington, N. J.— Bond Offering.— Proposals will be realso d< ee not lneluie $24,000 of Canadian loans nor $253,000
bonds re-awarded during the month. H Taken by sinking fund as an ceived uni 8p m Sept. 15, by the Finance Committee and
Bridgeport (Texas)

Bonds approved

i

1

investment.

1

And

other considerations.

George

New York City. increase in Basis of Taxation.— Tax
Commissioner Rufus L. Scott announced on August 26 that
the Board of Tax Commissioners had decided to enforce
hereafter the law fixing the assessment of real estate at its
Under present methods it is claimed that real
full value.
estate i^ a<=se ssed at or,ly about 54% (Comptroller Grout's estimate) to 67$ (opinion of ex Judge Earl), and it is hoped that
the increase in values will reduce the tax rate to about $15
per thousand.

Bond Proposals and Negotiations thit
week have been

as follows

:

—The

,

Gnnn, City Treasurer,

for $9.500 4* deficiency and
health bonds.
Denomination, $500.
Date, July 1, 1902.
Interest semi annually at office of City Treasuier or at the
Mechanics' National Bank of Burlington. Maturity, July 1,
1912
Accrued interest to be paid by purchaser. Certified
check for Hi<t of the par value of tbe bonds bid for r- quired,
Citrus Union School District, Los Angelea County, Cal.
bona Offering - This district on Augutt 16, by a vote of
133 to 49, autborizd the issuance of $12,000 6? higb-echoolbuilding tonds. Proposals for these boLds wnl be received
until 2 p. M Sept. 8, by C. W. Bell, County Clerk.
Denomination, $1000.
Interest semi-annually at effi e of County
Tre surer. Maturity, $1,000 yearly on Sept. 15 from 1905 to
19 6, inclusive. Certified check for 5% of tbe amount of the
t onds, payable to the Chairman of the Board of
Supt rvisors,
r» quired.
Cleveland (Oiilo) School District.— Bond Sale
Angus' 29 he $500 OnO 4% deficiency bonds and the $1» 0,000 4%
building onds were awarded to the American Tru-t Co.,
Cleveland, at par. For description of bonds see Chronicle
C.

—

,

Arquackanonb (N. J.) School District.— Bond Sale.— On
—On
Augu-t 18 $2,500 5% 5-9 year (serial) school bonds were
awarded to E. A. Powers of New York City at 101.
Adams (Mans.) Fue District.— Bonn Sale.— On Sept. 2 the
$30,( Ot) 4% borne reset bed in the Chronicle Aug. 80 were Aug
2, p. 255.
awarded to N. W. Harris & Co., New York, at 107-789 and
( ounereville, Ind.— Bond Offering — Proposals will be reaccm-d interest a basis of about 3 352#. Following are the ceived until 7:30 p. M., September 8, by Jacob S. Ckuds, City
i

i

i

—

bids:
N. W. Harris & Co., New

York..l07'780

Merrill, Oldham & Co Ronton.. 107*7 In
B. H. Rollins S Sons. Boston... 1<i7 177
107*t97
R. L. Day & Co., Bostoa_
Bloanei. Merrttt & Co.. Boston.. 107 U7
.

-

.

Farson. Leach & Co.. New York.106-513
106"4l
Blake Bros. & Co.. Boston
Jose, Parfcer
S.

&

Co.-

Boston

li6'01

100 oo

A. Kean, Chicago

Akron, Ohio. — hond Offering.— Proposals will be received
m September 13, by Chas. H. Isbell, City Clerk,

until 10 a.
for $6,000

,

b

nds, as follows

:

sewer assessment bonds.
8* Halloway street st-wer a-sessmaut bonds.
2,00u b% Bull Street se*ei assessment bonds.

$2,000 51 Vot-Is Street
>r,"

Denomination, $5oo. Da e, Sept. 6, 1902. Interest semiannually at National Park Bank, New York City. Maturity, $500 of each issue in one year, $500 in two years and
$1,000 in three years.

Albany Conntj (P. 0. Albany), N. Y. — Bond Offering. John A. Howe Jr., County Treasurer, will sell at 12 M.,

3^1 refunding city hall bonds. Interest,
semi-annual. Maturity. $1,00 ) yearly on October 1 from 1903
to 1920, inclusive, and $26,000 on Oct. 1, 19a.
Alexandria, Va.— Kond Sale.— It is stated that $36,000 of
the $50,» 00 4% public-improvement bonds offered for sale on
August 30 have b en disposed of to local investors at an

Sept. 15, $14,000

average price of 101
icle Aug 2, p. 254

80.

For description of bonds see

—

&

&

awarded.
Dover, N. J.

8pm,

Bond Offering.— Proposals

will be received

September 29, by Edward D. Ciaik, Town
Treasurer, tor $70,000 4% water bonds. Drnomn a i >n, $1,000.
Da'e, Oct 1,1902. Interest semi-annually at tie National
Union Bank of Dover. Maturity, Oct. 1, 1932. Tbese securibut not sold on July 14 as '6%% 20-year
i- s were offered

until

bonds.

Erie Couniy ( P. 0. Buffalo), N. Y.— B nd Sale —On September 4 tbe $75,000 8J^« armory bunds describ-d in the
Chronicle August 28 were awarded to the Erie County SavChron- ings Bank of buffalo at 100*62. A bid of par was made for
the securities by Pascal P. Pratt.

—

Alliance. Ohio.— Bond Offering. Proposals will be received until 2pm., Sept. 15, by Chas. O Silver, City Clerk,
for $6,000 4% lateral sanitary sewer bonds. Denomination,
Date, Oct. 1, 1902. Interest semi-annually at office of
$500.
Maturity. $2,000 yearly after date. AuthorCity Treasurer
Acity, Sections 2704 and 2705, Revised Statutes of Ohio.
crued interest to be paid by purchaser. Certified check for
$500 required. Bidders must, satisfy themselves as to the
legality of the bonds before bidding.
Bellefoi.talne, Ohio. bond Sale.— On August 21 the $15,
000 5% gas bonds dei-crined in the Chronicle Augnst 9 were
awarded to Feder, Holzunn & Co., Cincinnati, at 107 35.
are advised that t be $10 000
Berlin, Wis.— Bona nale.SJ0 li nding bonds described in the Chronicle Angnst 23
were offered for local subscription on August 27 and have
been partially subscribed for at this time.
Bmghamton, N. Y. Bond Sale.—On September 2 tbe $15.000 3J^? 36 year library-site bonds described in the ChroniSons, Clevecle August 23 were awarded to W. J. Hayes
land, at 102'i5— a basis of about Z'4Q%. Following are the
bids
.loro*
W. J. Hayes * Sons. Cleveland. 102-15 Denlson. Prior & Co.. Cleve
1021"
Parson, Leach &Co.. New York.lOu 17
Binghamron Savings Bant
Iuru7
Geo. M. Haun, New Vors.
Binning ham, Ala. Bona Sale.— This city has sold an issue
of $17 5i0 6g paving botds.
Bon ling Oreeii, Ohio.— Bond Offering. Pr posals will be
Sept. 13, by Alex. WiMamson, City
received until 12 m
Clerk, for $12,000 4% lateral sewer bonds. Au'horiy, Sections 27(4 2705 and 2706, Revised Safutes ot Ohio. Denomination, $500. Interest, March 1 and S-pt. 1. Maturity, $500
yearly on Sept. 1 from 1903 to 1917, inclusive, and $500 yearly
on March 1 from 1909 to 1917, inclusive. Certified check for
$100 required,

We

&

.

—

,

Cleik, lor $12,000 3^* 8 8 year (serial) school bonds. Date,
Dec. 1, 1902
Intereet, semi annual.
Comwall-on- Hudson, N. Y.— Bond Sale. This village has
sold an issue of $6 000 4% 1-20-year (serial) engiDe-house bonds
to tbe Cornwall Savings Bank at 100 75 Denomination, $300.
Da'e, Sept. l, 1902. Interest, annual.
Danville, 111.— Bond t-ale. This city basaward«dan issue
of $20,000 4% public improvement bonds to W. J. Hayes
Sons, Cleveland. These are not tbe $20 000 librtry-site bonds
sold last May to Rudolph Kleybolte
Co. and afterwards
refused by that firm. The library site bonds were never re-

.

.

Fornej (Texas) School District —Bond Sale.—The $15,000
5 20-year (optional) school bonds described in the Chronicle August 16 were sold on August 19 to the S ate School

4?

Fu' d at pur.
OlaKxpoi t ( Borough), Allegheny County, Pa.— Bond Offering.- Further particulars are at haLd relative to ihe sale on
September 8 of $20,01 4% bonds. Propcsais lor these bonds
will be received until 7:80 P. M. on that d»y by M. J. Webster, Cbairman Finance Committee.
D nouuiuatin, $500.
Date, S-pt. 1, 1902. Interest, semi-annual, free of all tax.
bonds mature serially until 1981, v> hen tbe last boi d will
mature. Certified check for $2,OoO, payable to W. S. Kearney, Borough Treat-urer, required. The ab .ve it-sue will represent the total bonded debt of tbe borough. The assessed
valuation ie $1,388,535 and tbe actual va u-- atom $3 458,000.
Out.— Deb nture Off-rii.g. Pioposals will be
It. dentil,
received until September 8 by Win. A. Mi-Kiui, Chairman of
Finance Committee, for $11,000 consolidated debtde entures.
Oreen Bay, Wis.— tsw.a 8u.ie.-On Sept. 2 $5n.0i 4* 10Wyear (average) sewer bonds were awarded to N. W. Harris &

—

Co., Ctauag >, at lo2 93.
Hariico.., Mich.- Bonds

Voted— Bond Offering.— This city
authorized the issuance of |5,00n 5# 30 year
b nds. S. A. Morrisey, City Cltrk, writes us that he will
row entertain any offers which may be made for tbese bonds.
Th-st securities will constitute tbe only debt of ihe citv.
Hawkesbury, Out.— Debenture Off ring D<-ni is Doyle,
on August

11

1

—

Town

Clerk, is offering fi r sale tbe $100,000
8< -\ear water
and the $53 000 4* 30-year sewer and the £20. 00 4? 20-year
street-improvtment bonds mentioned in the Chronicle August 23.
IhcksTille, Ohio.— Bond Sa'e.—Oa Aug. 25 the $5,000 6*
2-6 year (seiial) road-improvement bonds were awarded to
1

1

i

—

—

—

:

SSPTEMBEB

Menno(S. Dak.) School District.— Bond Sate.— On September 1 $4,000 6% bonds were awarded to Johnson Bros, of

Sale.— Oa August 16 $26,000 4%
aid paving Vonds were awarded to the Hills-

•??
Greddo at 102 937.
Monticello, Minn.— Bond Sale.— On Auaust 30 the $4,000
4%% 6-10-year (optional) gas plant bonds and the $10.00'» 4%%
10-20 year (optional) water bonds desoribed in the Chroniclb
August 16 were awarded to Kane & Co. Minneapolis, at
lOl^^. Following are the bids
$14,250 00 Thos P. BolgerCo
$1410000
Kane A Co., Minneapolis
Stoddard, Wye & Co.. Minn.. 14.00000
Citizeus' State Bank, Monti-

For description

10.V33.

.

of

4'>6.

Mkh.— B >nd

Hillsdale,
electric-light

Bank at 10>"865.
Howard, K.ui.— Bonds Voted.— On August 26
voted to issue $7,000 gas bonds. The legality of

dale Savings

tion.

the

however,

Howard

is

this city
this eleoto be t-sted in the conrts, as A. F. Eby of

National Bank has secured a temporary injuncfrom issuing these bonds.

tion restraining tbe City Council
An early hearing is exnected.

Jeffer>on County, Miss.— Bond Sal?.— On Sept. 2 tbe
5% 5-25 5 ear (optionpl) bridge and court-house bonds
$30,01
were awarded to Britton & Koontz of Natchtz at 102. Following are th« bids:
Britton * Koontz, Natchez.. »sn,fi0<" 00 W- J. Hayes A Song. Cleve.. $30,164 00
Trowbridk-*

ieasongood

Niverco.. Chic. 30.817 00
SO.lbOOO

.*

A Mayer,

Cin

30,040 CO

S.A. Kean, Chicago

For deiwip'ion of bonds Pee Chronicle Aug. 23, 406.
(P. O. Vlncenues), lnd.— Bond r^le,— On

Knox C»«nty

Sept. 2 the *47 000

4%% Wa-hmgton Township

free- gravel-

road bonds were awarded to Ihe Second National Bank of
Following are the bids
Vincennes at 102*234
:

Second Nat. Bank, Vinc'nes.f48.05O00

W.R.To"d» o Olnnlr
New 1st Nat. Bank, f""lum bus.
&

F. L. Fuller

W

48.' :-'500
,

47,V'40

Kean. Chicago
J.Hayesa. SoiiH.CIeTe

S. A.

Denison, Prior

00

A

147.587 60
47.'03 00
Co.. Cleve.. 47,473 60
...

Co.. Cleveland. 47.BS7 50

Lafonrche Bisiii Levee District (P. O. Donaldgonville),
La. Bund EUcticn.— The D strict Commissioners have
adopted a resolution to submit tbe question of issuing $100,000 5* bonds to a vote of the people.
Lancaster, O'no. -hond Offering. — Proposals will be re
ceived until 12 M., Sept. 18, by H. T. Mechling, City Clerk,
for the f I'o-uigbo ds
:

140,000 i%

pumping sta'inn bonds, maturing

1W1.H to 9 irt, inclusive.
2O,0CO 4» gas well bonds, maturing $10,C00
19 4.

$10, COO yearly ;on

Aug.

1,

1903,

Aug.

1

from

and $10.CC0 Aug.

N. J.— Bond Sale.— Of the 556,000 4y2 % school dis'rict, bonds
offered for sale on August 29 only the $9,000 bonds oa'ed
Sept. 1, 190 ^ and maturing Sept. 1, 1912, were awarded, the
successful bidders being W. R. Todd & Co.. New York, at
100 514. For d< sciiption of bonds see Chronicle August 23,
p. 406.

—

Lorain, Ohio.— Bond Offering. Proposals will be received
until 12 m, September 15, by J. J. Mahony, City Clerk, for
$32,000 4? «-ater works bonds. Authority, Sections 2835,
2836 and 2837. Revised Statutes of Ohio. Dmomination,
D.te, Jul* 1 1902. Interest, M*rch 1 and Sept. l at
$1,000.
the Cba^e National Bank of New York City. Maturity,
Accrued interest to be paid by purchaseis.
Sept. 1. 19 7.
Either c»sh or a certified check for $1,000 on some bank in
Lorain repaired. Bids to be made on blanks furnished by
the City Clerk. Binders must satisfy themselves as to the
legality of the ^onds before bidding.
Lovlnguw, III.— Bond Sale.— This village has sold at par
to Charlea HoweJl an i-sue of $1.2 10 5% 1-6 year (serial) village hall bouris. D te of bonds, Aug. 1, 1 9'>2
Magnet!-- spriitgH (Ohio) Special School District. Bond
Sale.— On Ang. 14 the $6,000 5% bonds deecrioed in ihe
Chronicle Aug. 9 were awarded to F. L. Fuller & Co.,
Cleve ami, at 1« 5 35.
Mauc-het-te r, Ohio.— Bond Sale.—On Sept. 1 the $8 000 F>%
ll-2ti year (seiiai)electric-ligh bonds desert bed in the Chronicle Ante. 2S were awarded to N. W. Harris & Co., Chicago,
Following are the bids
at 112 03.
N. W Harris * f"0.. CMca*o *S,96J 4" F L. Fuller * Co.. Cleve
$8,645 00
W. R. Todd A Co.. Cincinnati. 8.BB9 nu Providence Sav. Bank A Trust
(
:

I

|

Denlson. Pri .r 4 Co Cleve... KM05 60
SeasonB'oa » Mayer, ('incin.. 8HU2 6f
Feder. Holrm-iu * I'o.. »'>n ... >-.hci 50
ColuOibus -av. B'k 4 Tr.Co 8.725 00
,

I

H

I

Hayes

4.

Suns. Cleve.

..

8,6o7 CO

'incinnat i

...

8,04 1 00

Weil a Co.. Cincinnati.. 8.498 40

C

Lauiprecbt Bros.
Cleve... K^z»60
P 8 Brigs* & Co. C!nciu..
8.2io &o
Thos. J.Bolger.Cnlcago
8.U3 07

1

.

J.

Co..
E.

I

.

Mansfield, Ohio. Pond Offering.— Proposals will b« received between tbe hours of 10 A. M. and 2 p, m Sept
ember 15, by D. S. Koontz, City Clerk, for $9,000 bonds, as
follows
$3,000
1 3- year (serial) West Fourth Street improvement bonds.
3,i'0 5*l -ye^r (serial Wnut Tbird Street improvement bunds.
8,000 6JS 1-3- vear (serial) Marion Avenue improvement bonds.
,

•-><

i

Date of botds Sept. 15, 1902. Interest payable annually.
Securities arr in denominations of from $100 to $1,0(0
certified check for n ? of the bonds bid tor, drawn on one of
the local oanks in favor of the City Clerk, must accompany
proposal-", which are to be made on forms furnished by the
City Clerk.
Bond Sale —On August 25 the $37,100 bonds of this city
were awarned as f -llo^s :
Awarded to W. L Leonard

A

:

$21,400 5t 1-5-year (serial) Mulberry Street assessment bonds at 102-80.
4,400 4% l-t year (serial; Bowman street assessment tonds at 10oM27.

Awarded

t

>

Mxn-fi^ld Savings

Bank

:

year (senal) Bowman Street assessment bonds at 101.
7,8'0 5« l-?>-ye. r isenao Harker Street assessment bonds at 101.
600 f* l-'+->ear (ceriali sewer assessment bond, at >01
600 5jd 1-4 year (serial) sewer assessment bunds at 101.

$2, , 00

fi$

i-5

For description of >-oods see Chronicle Aug. 9. p. 305.
Melroxe School District, Steams Couuty, Minn.— Loan

— We

,

:

14,23500

cello

N. Y.— Bond Offering.
Sept. 8. by the
be received until 8 p. M
Board of Trustees, A. W. Young, President, for $3,000 4%
bonds. Authority, Section 129, Chapter 414, Laws of 1897.
Denomination, $1,000. Ddte, Sept. 15, 1902. iLterest. semiannual. Maturity, $1,000 on Sept. 15 of the years 1907, 1908
and 1909. B. E Smythe is Village Cleik.
Newark, N. J. bond Offering.— Proposals will be received
until 3 P. M., Sept. 17, by Fiederick T. Johrson, City Comptroller, for $500,OCO city hall and $100,000 school Z%% 30 year
registered bonds.
±>ew Londou, Conn.— Bond Offering —Proposals will be
received until 12 M., Sept. 12, by the Board of Water Commissioners, B. A. Armstrong, President, for $100 000 %%%
gold auxiliary water fund bonds. Denomination, $1,000.
Date, July 1, 1901. Interest semi-annually at office of City
Accrued interest from
Treasuier. Maturity, July 1, 19^6
July 1, 1902, to Oct. 1, 1902, to be paid by purchasers.
New York Citv. Pond Issues.— Sinoe our last report
(Chbonicle July 12) the following issues of corporate stock
of New York City have been takt-n by the sinking fund as
iDVrstments. Statement includes issues put out up to and
including Aug. 80, 1902
Interest Hate. Maturity.
Amount.

Mount Kisco, Westchester County,

— Proposals will

,

:

Armories

1,

Deroruitation of bonds. $1, 000. Date, Auer. 1,1902. InAccrued
terest, 8t-n>i annually at cffice of City Treasurer.
interest to be paid > y purchaser. Either mcney or a certified check for $2u0 required with bids for each of the above
issues.
Lor.g Branch School District, No. 85, Monmouth County,

W.

515

bonds

& Co Toledo, at
Chronicle Ang. 23. p.

Spitzer
see

—

THE CHRONICLE

1902.]

6,

——

;

Applied For.
are advised that this district has applied
to the State for a loan of $11,000 to build a school house.

Public park. Twelfth Ward
Carnegie library t-ites
lmproveuieiit parks, borough Richmond
Siieetai d park openings
.
Aodi'ionsl wa'er Boruueh Richmond
Expenses Coiumission»rs Estimate and Ap•

traisal

Additional water. Manhattan and Bronx....
Improvement Kiverside Paik and Drive
Bri.i K es over tracts S. V. & II. RR
CtiaiiBe of gra e— Damaie Commission
Bridaen over Harlem Kiver, li6th and 149th
.

)H+'i

1943
li42
1942
1U43
1U21

$638,3o3»7
5.50000
100.00000
16.00000
3-,»ra20
5,000 00

1918
1921
19*2
19,2
1942

S.OrOOO
00
K'.O'OOO
25,000 00
187,600 00

3
8

1942
1" 2
1942
l»t2
1944
1943

71.80059
200.0(000
25,i Ou 00
60.00') CO
6 ,000 00
30,000 00

3

1943

3

3
3
3

3
3
3

3
3

3
3

streets

Docks

Metropolitan Museum

3

3

of Art

3

Manha Ian and Bronx
Publicb*ihs B'O Klvn
Conxiruci ion and maintenance of parkways.
Improve meut parks, parkways and drives,
Brooklyn ann Queens
Puolio baths.

3

Total

100,0

100,000 00
$1,654.0:0 06

—On

August 20 an issue of
Nobiesville, lu&.—Bond Sale
$10,000 4? 5-?0-'<-ar (optional) refunding school bonds were
awardtd to E. M. Camobell
Co., Indianapolis, at 102.
Northampton^ Mass. Boma Sale.- On August 29 the $50,000 '6%i told wa.<er bonds were awarded to tbe Northampton
Institution for Savings at 100'82— a basis of about 3'336£. Following are the bi^s :
N. W. Harris 4 Co., Boston
Northampton Institution for
10C-8«6

&

yavinas

...

.

R . f>av a Co.. Boston
.100-829
Lee, Hlggmson & Co., Boston.. 100-26
Biodgei, Vferntt*Co., B.>gton 100*14
8! U. Rollins A Sons, Boston... 100*096

'00^2

I

Merrill. Oldham 4 Co., Boston.. 10. .-539
100*44
Blake Bros. & Co.. Boston
100°41
AdauiB & CO., Buston

Dc-noroination of bonds, $1,000. Date, Sept. 1, 1902. Interest semi annually ht the Northampton National Bank.
Maturity, *5 0( yearly on September 1 from 19)3 to 1912, inThese bonds w«^re originally awaided on August 2
clusive.
Co. of Boston, hut 'h* maturity then
to Merrill, Oldham
fixed ($5,000 yeaily from $1912 to 192 1, inclusive,) wa* found
to be Illegal, and the bonds were subsequently re-authorized
to a^ree with the above description.
>nd Sale
This city has sold at priOcean lity, N. J.
vate sale to tbe Guarantee Trnst Co of Alaniic City, at par,
the $70,01)0 street and the $15,000 fire protection 4% 30-year
bonds desciibed in tbe Chronicle Ju!y 26.
Ohio University (P. O. Aih-ns) Ohio.-5 nd Sale.— On
August 29 the $10.0.10 5% 8)£-year (average) certificates of indeb edn»ss described in the Chronicle Joly 26 we re awarded
to the Cincinnati Trust Co., Cincinnati, atl09-55. Following
are the bins
100*55
Cincnnati Trust Co
Athens Security & Savim-s B'k.lfS'OO

&

—

B

H

New isi Nai, B'fc. Columbus... .1' 9*46
SeoBOuuoud & Mayer, Clumn... 109"<J6
W J Hayes * -Jous. Cleve
H9*8l

tb Nat. Bank. Cincinnati ...l'b*0O
P. S Brmy-4 <s Co., CinciuLatl... 107*76
K. L. Fuller i Co.. Cleveland^.. 106*00

.-,...108*i3
BaDkof Athens
Passaic Coiinly (P. O. Paterson), N. J.— Bond Sale.— On
September 2 the $75,00'» 4% 15-year ridae-rebuildiog bonds
were awarded to J bn D. Everitt & Co., New York, at 102
a basis of about 3*8^4^. For description of bonds see Chronicle Aug. 23, p. 407.
Bids Rejected —Bond Offering.— On SeptPaters n, N. J
ember 4 ail bids received for the $76* 000 4% 3iJ-vear city-hallrestoration hi nds described in the Chronicle Aug. 30 were
rejected. The bids are as follows :
W. R. Todd A Co New Vork.. .101*00 W. J. Hayes A Sons, Cleveland. 100*02
10u*25
Denlson. Prior A C<>. Cleve
Thompson, Tenner A Crawford,
In0*18
St>i tier A Co.. Toledo
95*40
New York
t

—

I

.

|

I

H. Lee Anstey,

New York

lOO'll

]

Tbe Finance Committee has decided

to re- offer the bonds
on Sept. 12 aod bids will therefore be received for the same
until 2 P. M. on that day.
Pioueer Irrigation District, Idaho.— Pond Offering.—
Proposals will be received until 2 P. M S->Dt. 15, by Rees H.
,

Davis, Secretary (P. O. Caldwell), fur $197,500 6% 16>i-year
(average) bonds. Denominatkn, $500. Interest payable at
the First National Bank of Caldwell.

—

—

:

FHF CHRONIPLP,

516
Hit
Sale.

(TfXi'8) I (.dependent School District —Bond
$12,000 school house bonds has been sold

bmond

— An

St. Ansgar, Iowa.— Bond Sale.— On Angu«t 18 the $5,000
5% water bonds described in the Chronicle An^nst 9 were
B-chrel <fc
awarded at 107 aDd interest, 13,000 to Ge ».
Co. of Dtvnport and $2,000 to Geo. M. Rrown of St. An«g-r.
Salem, Mast*.— Bond Sale —The Mnking FuDd of this c-itv
'8. inatnriDg $1,6.5
has takeq at par an is*ne of $3.2^0 4% b
July 1, 1903. a?id $1 625 July 1, 19 '4. Interest, semi-aim a al.
Saiidwi< h, Ont. -Debenture Sale.— This place has sold an
issua of $<i,000 4% debentures, running twenty years, to W. C.
Brent of Toronto at 98 90.
coupon
Sanford, tile.— Bond Sale.— On S pt. 1 $25,000
(Jo.,
schoo'-bniiding bonds were awarded to N W. Hani*
New York, at 100-887— a basis of about 3 452?. Following
are the bids
N. W.Harris A Co., New York.. 100*887 Farson. Leach & Ho.. Boston ...)00'171
E. H. Rollins & Sons. Boston ...100 816 a. C. Stanwood & Co., Boston... 1"' -no
1UO'20
99 OJ
Jose, Famer « Co.. Bosiou
Mason & Merrill, .Portland
Date, Sept. 1. 19n2. Interest semi
DenoujiijatioiJ, $,0i0
annually at the Sai ford National Bank. Maturity, $i. 000
Sept. 1. 1905. and $2,000 yearly on Sept. 1 from 1906 to 1917,
inclusive. Tbe above issue represents the only bonded debt
of the town. The aesessed valuation ia $2 6^8,352
Seattle, Wash. bond Offering. — Proposals will b-rece'v^d
until 2 P. M September 18. by Jno Kipbnger, City Co optroller, for $100,000 library f-ite bonds. Denomination, $1,000.
Date, day of issue. Maturity. 20 years. Interest, semi-an
uual. B> n^s to be sold at par to the persons offering to take
them at the lowest rate of interest bid, such interest, however, beicg limited to 4%. Certified check for $3,0 '0, payable
to the Ci'y Comptroller, required. These bonds were off -red
for sale on July 10 and were awarded at a later d»te to DeniCo., Cleveland, at par for 3*90 per oents. Tne
son, Prior

Sale

6,

1902 "

ounty (Idaho) School District No. 30.— Bond
State has purchased an issue of $2,000 5% bonds of

—The

t

this district.

M

7pm,

(

—

&

W H

:

Sposane & Eastern Trust Co.. 160,u00
HUT *^i%

ford Co., Chicago

•

—

—

:

Van Maren
D Lanppe

A.

sale, however, was never consummated.
Sherman, Texas.— Bonds Voted— Bond Offering.— This
city on August 29 authorized the issuaoce of $15,00J 4%<t,

J.

U

C. Uoxers,

Pasadena.

M

^55,000
DUNM0RE BOROUGH BOROUGH OF EDOEWOOD
ALLEGHENY

re
Boitugu Sdool District Refunding
Loan," being 1 to bonds of J-'Wi each, numbered
ll(i,
inclusive, oa'ed October 1, l^-u-2, bear
to
1
from

log interei-t at the rate of four per cent per annum
payable *emt-antia»llv on the first days of Apr 1
and October of eu< h year, on presentation of proptr
coupon. Principal payable as n Hows:
October 1, 19 7.
$5,00" bonus 1 to lo, inclusive,
"
"
Ociober 1, 1H2.
11 to 3i
32.600
"
12,5o0 "
October 1. 1H 17.
3«f> (JO
I
"
25,0"O
"
HI to 110
October I, ii>2'.
Proceeds of said bonds to be used to redeem B nds,
$19.5t0; eroers* 2,536 ^4. and Interest on said orders.
Proposal" must be accompanied witn certltieo
check for flv-- per cent of amount of bid, unliable to
HagKerty Secretary, ani will be forfeited to
A.
the Distrut in ca-e the bidder awarded the bonds
refuses to uke them and pay for the same.
The Board reserves the right to reject any or all

COUNTY', PA.,

Municipal Bnildintr and Fire Improvement Bonds.
of the Borouuh of Edeewood will
receive proposals for ?1
Municipal BuiHing and
Fire improvement Bonds co> pon) in den. mn atton
of tl.oou each, dated ^eptemncr 1st, lou^— interest
tour per cent, payable semi-annually. The bonds
niaiiiriug as follows:
Sent. 1,1029
No. 1
Set 1, 1*26 No. •
2
Sept. 1, 1M27
5,6, 7,8...S.pt. 1, 1930
3
Sept. 1, 1«8
9.1',1 1 ..SeDt. 1.1931
The Borough Clei will furnsh any fun her tnformation nesirc'l, and will receive pio o-als until
OClroBER 1ST. 1902. Ibe rlnht to reject any or
all bids is ies< rved. Addrei-s
R. K. K.MEKV. Boough nerfe,
Edgewood Park, Allegbeny County, Pa.

The Council

MUNICIPAL

MAMMA

C. D.

i;

ST..

BONDS*

Choice leeaee.

street

Bailway and wan Companies.

FARSON, LEACH &

NEW YORK.

00.

BOSTON.

PHILADELPHIA.

CorporatioD

BONDS.
ROLLINS &SONS

£. H.

Chas.

BOSTON.
*nn

Perry, Coffin

S.

Burr,

Co.,

BONDS,

Pr»no1sc>e>.

&

&

Kidder

184

LA SALLE STREET,

CHICAGO.

INVESTMENT BONDS
60 State

Street,

BOSTON.
523 Western Union Building.

Co.,

NEW YORK CITY

BANKERS

and
Dealers In I investment Securities,
153 La Halle Street.
81 Hanau (street,

CITY.

MUNICIPAL
BA1LK0AD
COBPOBATION

CHICAGO.

Service

Public

Blodget, Merritt

CHICAGO.

&

Cbicaoo, HUtnois.

Co.,

BANKERS,

KNAPP.JR., &CO.,

*KW YORK

BOHTON,
«0 llevauehlr* 8U

Building.

Public Securities,

AND

Individuals.

1

Monad eeck

'

BONDS

&

BANKERS,
CHICAGO,

I

Denver.

Rudolph Kleybolte

INVESTMENTS.
V1ASON, LEWIS & CO.

i*

Tax levied

Savings Banks,
Trust Companies,
Trust Funds,

&

|

bids.

SUITABLE FOR

I

,•

E

for debt and interest, 8 mills.
Total indebtedness (including this Issue), $60,000.
reputation In 111"'. 12.SS.3.
Assessed valuation. $1, 7W.?4i.
Tale* of school property, $130,000.
A. T. lilVIN, President.
A. E. HAGGERTV, Secretary.

1,561 25

Trtbor (Iowa) School District. Band Sale.— On August
this dis'rict sold $7,500 4% 5 10 year (opional) school
bon H 8 to G-o
B-chtel
Co., Davenport, at par

21

NEW LOANS

"Dunmo

$l,F8O00
1.M0 00

1,69600 J. G. McCreary

m

m

Sealed bids, markPd "Propossl for Refunding
Loss." and addressed lo A. B. Haguerty, Secretary
Dun more Borough School Board, Dunm re, Pa.,
will be received ntii 8 O'CLOCK P.M..S iTHRDAV,
SEPTEMBER 13th, 1902, for the whole or anv part
of the following-described bonds, designated as

Greenlau

elusive.

—

PENN.

Amy L.

$1,605 00

Denomination, $150. Date, Aug. 18 1902 Interest, annual.
Maturity, $150 yearly on August 18 fr<
1913 to 1912, In-

sewer extension and $35,000 4%% water-extent-ion bonds. Iuterest semi-annually at the National Park Bank, New York
City. Maturity sewer bonds, $500 yearly for 30 years and
water bonds, $1,000 yearly for 35 years. R R Dahn, Chaireiv>d
man Finance Committee, writes us that "hi is will be

KAWANNA COUNTY,

.

161,890

These bonds were awarded last May to the Spokane &
Etstern Tiuat, Co. at par less $2,000 to pay legal expenses
»nd furnis lithograph bonds. The courts enjoined the district from selling the bonds on these terms, it being in effect
a bid of below par.
Npringflfld, Mass. Temporary Loan. The Ci'y Treasurer
on August 26 borrowed $100,000 temporarily from the S, ringfield Institution for Savings and from the Springfield FiveCents Swings B«nk. The loan was mane in anticipation of
the collection of taxes and the total amount so borrowed up
to date i-» said to be $556,000.
Sjlvan School District, Sacramento County, Cal.— Bond
Suit
The following bids were received August 18 and
opened August 22 for $1,500 6« gold bonds

&

SCHOOL

ford Co.. Chle»K«i...
$186,090
E. H. Bollii 8 & Sods. Denver... l?3.4O0
Lamprecht Bros. to.. Cieve... 16*, 250

Hi) hilt.

Thompson, Tenner & Craw-

.

DISTRICT,

Bwd

S merset School District, Pulaski Connty, Ky.
OfferiTig.—Provos&la will be received un'il
Sept. 15,
by Alfred Livingston, Secretary Board of Education, Lock
B x 2(18, for $ld,000 b% bonds. Denomination. $500. Date,
Se t. 15, i9«2. Interest semi annually at the First National
Bt>nk of S imrset.
Maturity, S-pt. 15. 1927.
Spokane S<hm»l District No. 81, Spokane County, Wash.
bond s»j>„— On August 29 $150,000 bums were awarded to
N.
rris & Co., Chicago, at 100 51 for 4 per cents, the
purchaser lofurnis-h blank bonds. Following are the bids
For i% Bon&t.
For Oil Bond*.
N. W. Harrli. *fin Chlomro.... $150,766 Thompson, Tenner & Craw-

m

NjEWJJOAJ^S.

LXXV.

and opened September 15 and will be re submitted and

Shoshone

3^

[Vol.

ipned ou Oct

isput- of

to the Stute Board of Education.

LAt

—

Street. Boston.
30 NASSAU STEKET, NEW YOK.K.

16

Congress

STATE, CITY & RAILROAD BONDS.

The cheapest that are good; the

xj-^itvtt^cj
Jl3vJ1\XJ^

best at the priae.

vni) stock
( i:i:tifkates

partly lithographed unit partly printed

dart) hnmUonie dol^'ii^; mukt
appreeiatrd.

;

finished la

l>e t>cen

to

a Ait

be

Send fur MBplea,

ALBKRT 13. KING- & CO.,

nitrairrn and J.llboL-rjil'ln rv,
1V« »Ullam
(Telephone Conneetloti.)
I

Bt» hwm Vork*

—

—
QM IUMBBB

6,

THE CHRONICLE.

1902.]

Throckmorton County, Texas.— Bond Sale

— The

ceived lonns from the State

Joint District No. 1 of the
towns of L'ndina a> d Lc-monweir and the city of Mauston,
Junean Connty, $4,50t>; District No. 1 of tbe town of Waterfrd, Racine Cv>ucty, $3,000; District No 1 of th-s town of
Wa'dwick. Iowa County, $800; District No. 2 of the town of
Hewitt, Clark County. $1,000, and Joint District, No. 1 of the
towns of Adams and Preston, Adams County, $1,000.
District
On August 13 the following loans were made
No, 4 of the town of Bloomfield, Walworth County, $1,000;
D s rict No. 7 of the town of Chicog, Wnshburn County,
$700 District No. 9 of the town of Chicog, Washburn County,

State

m

of Eilucati
baa purchased an issue of $31,000 courthouse, jail and brirtgH bonds of this conn'y.

Board

Tillamook Connty (Ore.) School District No. 9. Bond
— On August 12 'he $4,700 6* warrants dfwribr-d in the
Chronicle August 9 were awarded to C & E. Thajerof

Sale.

Tillamook at 105 625.
Troy, N. Y.— nond Sale.— On Angnst 29 the $578,125 33
S)£$ aiditional wattr-works bonds described in tbe Chron
iclk August 23 were awarded to Farson, Learb & Co., New
York, at 101 336 and interest. Of tbis total $400,000 are tbe
garni bonds awarded on Jnly 7 to Dick Bros. & Co., Pbila
delpbia, and afterwards refused by tbat firm.
Wellington, Lorain County, Ohio.— Bond Sale.- On September 1 the $2 162 75 5% 1-4-year (serial) park bonds were
awarded to tbe Home Savings Bank of W*llint*ton at 101 25
For description of bonds see Chronicle Aug 16, p. 859.
Westfleld Union Free School District, Cli uitimqna
Connty, N. Y.— Bond Sale.- On September 2 th* 16,000 4*
registered school bonds described in tbe Chronicle August
23 were awarded to tbe National Bank of Westfleld at 101 25.
Following are *he bids
National Baak of Westfleld... $6,075 00 W. J. Hares * Sons. PWe .. $6,048 00
e."'*"00
0.073 <>0 A. B. Ottoway. Westfleld
8.A. Kean. t:ni<!»tfO
0,06180 Jose. Parker & Co.. Boston-. 5,950 Ou
Geo. H. Harm. New Fork
—
West Hi.zielon (Borongb), Pa. Bond oale. Aa a m» ter
of record we note tbe sale on May 31 of the $20,000 5* 7 15
year (optional) s-wer bonds, mentioned in the Chronicle
May 3, to W. B. Todd & Co., Cincinnati, at 104 16. D-nomi
nation of bOLds, $500. Date, Jnly 1, 1902. Interest semiannually at tbe Margie Banking & Trnst Co. of Hazleton.
West Orange (N. J.) School District.— Bonn Sale.- On
September 2 the $10,0(0 i.% gold sohool bonds dtscribed in tne

;

;

$500.

¥onngstown, Ohio.— Bond Offering.— Proposnls will be

A

—

Firemens' Pension

Zanesville, Ohl<».

DS.

MacDonald, McCoy

&

Co.,

171

MUNICIPAL and

St.,

CHICAGO.

Send (or our Investment Clroulars.

Send /or

172 Washington Street,

CHICAGO,

-

-

.

ILLS

F.R. FULTON & CO.,
Municipal Bonds,
171

LA 8ALLE

STREET,

OHICAGO.

00
On

00
00

Counselman Buildinc, 238 La

booklet

Broad Exchange Building, 25 Broad
tfexlcan

Government and State Bonds.

C. H.

WHITE &

CO.,

BANKERS,
51 Liberty

St.,

New York.

INVESTMENT
SECURITIES

MORTGAGES

and

FOR SALE

latest oferi/ng.

KANSAS

this paper.

NETTING FROM 4% TO

6%.

OFFERINGS MAILED ON REQUEST.

MUNICIPAL BONDS.

121

St.

NEW YORK.

LI8T.

Wit! H ITA,

Building,

E. C.

Salle St.

CHICAGO.

BO8TON.

Mention

TRANSMISSION ROPE.

STANWOOD & Co

CORDAGE

BANKERS.
Devonshire Street

BOSTON.

s

in

j

A & AU
SPECIALTIES.
svJtZ
A
1

VICKERS & PHELPS,
15

LIWT OH APPLICATION.

:

exchange

WINNE & WINNE,
Wlnne

D«NLJ&,

9

Based on 113.600, as Advertised.
P H. Rrteeo *Oo., i'in<;innati $13,877 76
rolumbus Sav. & Trust Co... 18.*73 00
Laiupreeht Bros. Co., ri«-ve 13.844 80
First Nat. Bank. BarnesTille. 1-V37 00
K L. Kul'er&Co.. levelarH. 13.686 00
included accrued interest.
Biiis

On Improved Farms
Netting the Investor O per cent Interest.

T. B. POTTER,
MUNICIPAL and QAMnc

CORPORATION

Chronicle August

In

CLEVELAND.

DUKE M. FARSON &CO.

following bids were

INVESTMENT SECURITIES,

NEW YORK.

for paronase. tale or

FIRST

Netting from $14 to 6£ always on hand

115 Dearborn

ST.,

OENISON, PRIOR & CO

BONDS

CORPORATION

nds,

this city's 5% street-improvement

Tbis firm was awarded bonds, as bid

CHOICE OKLAHOMA

Salle Street, Chicago.

B

*493 03
481 0*

There were four issues of bonds, aggregating $13 600,
originally advertised for sale; but at tbe time of the award
the amounts had been reduced by payments ot assessments to
$^,900, and comprised $8,000 Wayne Avenue, $500 Belknap
8treet and $400 Meal Street bonds.

8END FOR

AND CORPORA T/Ofi

St.

<

*

INVESTMENT BONDS.

BONDS.
La

33 PINE

yaotatiom furnished

Ol'ent Bond House In Indiana.
Prteea and circulars upon application.

tUH I CI PAL

Bond Sale.— The

Bids Based on J8.SK0 Bonds.
**9.l0t
W. R. Todd * Co.. Cineln
w J. Hares* Sons, rieve .... 9.107
New 1st Nut. B k. Columbus... 9,085
Cincinnati Trust Co., Cincm... 9,08o

BOSTO*
municipal,
Railroad and other bonds adapted
for trust funds and savings.
laSUM TBAVXLX&8' LMTTSRH Ol OR WD It
d VAILABLI IS ALL PARTS OF THS WORLD

CORPORATION

BON

-

bonds, described in the

CHICAGO.
Deal exclusively

RAILROAD

J98341
92100

563 00

BANKERS,

31 and

MUNICIPAL

$57042

$475 Shelby

INVESTMENTS.
INVESTMENTS.
W. HARRIS & CO. Geo. D. Cook Company,

BANKERS,

FOR SALE, HIGH-GRADE

1900 thelbv
St. Bonds.

Fund

revived in August 30 for

—

Indianapoli§, Ind.

t500 Sewer
Bonds.

Cro«han Bank uf Fremont

Chronicle Augnst 23 were awarded to Thompson, Tenney
of New York at 105 and interest. The HalfDime Savings Bank of Orange offVred 104 45 for the bonds.
8everal bids were reoeived in the neighborhood of par.
Wllliamsport. Pa.— Bond Sale.— The $81 iO S% 10-20 year
(optional) Grabus Run bonds voted last May were issued at
Ear on Angnst 1, $71,000 to local investors and $ 0,000 io the
inking Fund Commissioners. Interest, Feb. 1 and Aug. 1.
Wisconsin.— School Loans. The Milwaukee "Sentinel"
states that on August 12 the following school districts re

N.

re-

ceived until 2 P. M.. Sept. 22, by Wm. I. Davies, City Clerk,
4
S juth Avenue, Kilkenny or Sewer District
for $8 440 5$
No. 12 extension bonds." Date, Sept. 29. 1902. Interest
will be payable 8<-mi annually at the office of the City Treasurer. Maturity, $344 annually on October 1 from 1904 to
Purchasers must be prepared to take the
1918. inclusive.
bonds not later than Sept. 29, the money to be delivered at
one of the city banks or at the office of the City Treasurer.
certified check for 2% of the amount of each block bid
upon must, accompany proposals.
Bids. Following are the bids received Angnst 30 for the
three issues of 5% bonds described in the Chronicle Aug. 23:

& Ctawford

J.

:

:

.

INVESTMENTS.
F. WILD & CO.,

517

New York.
INVESTMENT BROKERS,
HIGHEST GRADE RAILROAD

Wall Street

1,

-

L,

MANUFACTURING
COMPANY,
5%

63

MINNESOTA BONDS,
Yielding 4H% Net.
Correspondence invited.

BARRV

B.

A CO.
Vermont.

WALL STREET, NEW YORK.

BONDS.

Vlax B. Borg,

POWELL

Vfroo'tstock,

o

E

THE AMERICAN

BONDS.
HIGH-GRADE

A

BROKER
10

IN

INVH8TMBNT 8BCURITIH8.

BR'AD STREET,

-

NEW YORK

THE CHRONICLE.

518

iptfscjcltaujeotts.

fftnattctal.

&

Otis, Wilson

Co.,

J.

BANKERS,
DEALERS IN

High-Grade Investment Bonds,
Including entire issues of

Municipalities, Railroads, street

Railways, Lighting and
Power Companies,
Specialists in

Foreign Government, State and City
Bonds, principally MEXlOAN

BROADWAY,

29

Designed and

Issues.

New

BANK AND TRUST

York,

CO.

Light and

Sanitary Dairy Engineers,
PLANS AND SPECIFICATIONS FURNISHED
FOR HYGIENIC DA
Manufacturers of

STOCKS

& Sons,

"A Weekly Feast to Nourish Hungry Minds. "N. V. Evangelist.

BANKERS,

FOUNDED BY

WALL STREET,
NEW YORK.

NO. 10

MISCELLANEOUS

A Weekly Magazine

Southern Securities a Specialty.

Fred. H. Smith,
STOCK BROKER. 6B BROADWAY. R.»
Manhattan Life Insurance Building.

UNLISTED BONDS AND STOCKS,
Whether

interest paying or defaulted, bought an.
Quotations furnished, also opportunities to

•mall lnrestors. Write or
*•!. SISM.1 C««.

Karahllahed

1

*«*

Broker in

THE LIVING AGE

holds a unique position In
the periodical wor d as a

find

It

nowhere

eloe.

Write for Special Announcements New Subscrib-

Securities,

ers for 1902.

Subscription Price, Six Dollars a
Number, Fifteen Cents.

THE LIVING AGE

A. Strassburger,

ALB'.E RBVELL.
CHARLES G. DAWES.

Southern Investment Securities.

BANKING,

Year.

Single

SAVINGS AND
DEPARTMENTS.

Maryland Trust Co.,
W. Corner Calvert and OriimD .Street*,

N.

BALTIMORE.

CAPITAL,
SURPLUS,A Legal Depository

-

•

UFE INSURANCE

r

l

of Trust, as Agent for meTransf-r or Registration
of Stocks and Bonds, and for the payment of coupons.
Interest and dividends.
J. WILLt OX BROWN, President.
J. B11WHOIN, 1st Vice-President.
LLOYD L. JA( K SON. 2d Vice Pr. stdent.
BO T. 8- cy. & Treae.
J.
NESS. Asst.Secy. ATreaa.
CARROLL

HENRY
BERNARD
VAN

•

DIRECTOR8:

Andrew D.Jones,

Henry Walters,

W.

B.

Brooks Jr.,

,i

shua

Box 5201

1

:i\,

John S. Wilson
Lloyd L. Jackson, James B .ud,
H. A. Parr,
J. D. Bauer.
J. S. Lemmon,
G. A. von Llngen. L. s\ Loree.

The Oldest Trust Company

INCORPORATED APRIL

1,

1908

N. J.

$78,410,549
71,933,808

SURPLUS

6,477,843

MUTUAL BENEFIT POLICIES

WAD AWARDED AT THI PARIS EXPOSITION TO

PAPERS

sver received this— the highest nonor that oan b*
oonferred.
It means they are tbe most perfect
made Insist on having them for your One oorres
joodence and your office stationery. Are you uslnt
Whiting's Ledger Papers In you
Blank-Book
Samples and booklet free.

WHITING PAPER COMPANY,
uoly0k.e.1uasn..

CONTAIN

Special and Peculiar Advantages
Which are not combined In the
POLICIES OF ANY OTHER COMPANY.

Supplement

And

160

I.

COHEN,

LEE PAGET,

B.

DANA COMPANY,

TOM PINB STHUBT.

NOW

TOR*.

Secretary.

$500 each, payable upon 10 days' call by the holder,
or 10 days' notice by the Trust Company, 8J< per
cent per annum.
Payable on SO days' call or 30 days' netlce, SK
per cent per annum.
Payable on 00 dajs'call or 00 days' notice, 4 per
cent per annum.
On certificates of $5,000, or over. Interest will be
paid quarterly or semi-annually If desired

PORTLAND TRUST COMPANY OF OREGON,
109 Third Street, Portland, Ore.

CAPITAL, $2,000,000.
SURPLUS & PROFITS, $4,289,362

SECURE BANK VAULTS.

59.

Trust Company

Fidelity

Philadelphia.
CHRONICLE NUMBERS WANTED.
Jan. 14.21, Ken. 4, 11, Mar
20, 1896; Jan. 4, Feb. 88,
Sept. 26, Nov. 21, 1806: Jan. 8, 1MW; Jan 14, 81. 88,
reb. 18, 1800, Jan. 18. Feb. 8. lfOl, and Jan. 18, 1008.
QUOTATION 8UPPLKMKNT Jan., March & Nov., 1901,
Investors' Supplement Jan., lt>98, 1890, 1900 and
Issues of Jan.

WILLIAM

22, 1887,

President.

Duanr Street, New York.

File Cover.

We have a new File Cover for holding the Chronkjlk Supplements, it tn a strisg tile similar to
the one used for tiling the O h run iclb, but adapted
osweoialiT for tne8crppi.EMKNTs.
Price, BO cents, or 08 cents sent by mall.

Oregon."

The Portland Trust Company of Oregon
Uhui'h Interrm -H« arl ns <>• tlticates «f
Deposit upon the lollowlng Iprnim
On Special Certificates of Deposit, not less than

They are tbe only American papers which have
(Market Values) Jan.

In

Ilrom field St., Itonton.

WHITINU'8 STANDARD
ASSETS

J. L. Blackwell,
l<evenng, Geo. C. Jenkins,

Clayton C. Hall,
"

Benefit

LIABILITIES

I

Wm. A.Marburg. J.Willcox Brown, J. A. Tompkins,
B N. Baker,
U. J. Bowdoin,
S. Mmidelbaum,
Leopold St rouse, Fred'k W. Wood. John Pleasants,

BENJ.

Frederick Frelinqhuysen, President:

Court and Trust Fund*.

for

l-OK KENT.
Acts as Financial Agent fo Stales. Cities. Towns.
Railroads and otr.er Corporations 'Transacts a genLends nion y on approved
eral trust business.
security. Allows in'erest on special deposits. Acta
as rustee under Mortgages. Assignments and Deeds

CO.

ala..

NEWARK.

CO.,

$2,125,000.
$2,437,500.

SAFE DEPOSIT BOXES,

B.

The Mutual

TRUST

PORTLAND
THE GRAND PRIX TRUST COMPANY
OF OREGON.

P. O.

8T0CK8 AND BONOS BROKER.
montgomery.

weekly eclectic magazine. Intelligent Americans
who want presented to them from week to week he
most Important and timely articles from foreign
periodicals find what they want In THE LIVING

rrustOffloer.

VALENTINE,

P. A.

Contemporary

presents the cream of foreign periodical literature,
and reprints without abridgment tbe most noteworthy essays, travel aUeiclien, ficl Ion. Hocial
and political papers, and discussions of literary, iirtlntic and Mcirmific subjects from the
leading quarterlies, monthly magazines and reviews
and literary and scientific weekly journals.

AGE, and can

NEW YORK,

AUBURN,

of

Vice President.

MAX PAM, General Counsel.
DIRECTORS:
A. J. BARLING.
FRANK O. LOWDEN
MAX PAM,
HARRY RUBENS.
CHAS. T. BOYNTON,
GRAKMK SIEWART,
CHARLES DEEMING,
THOMAS R. LYON,

1844

THE LIVING AGE

call.

M. Smith,

Fred.

IN

President.

WILLIAM R. DAWES, Cashier.
CHARLES T. WEGNER, Asst. Cashier.
MALCOLM McDOWELL, Asst. Secretary.

Literature and Thouyht.

SECURITIES.

•old.

LITTELL

E,

THE LIVING ACE,

DEALERS IN

and

UHRLAUB,

Kactoryj Haddonfleld, N. J.

IWTIWTMEdT KKCCRITIKH.

INVESTMENT

A.

CO., Limited.
Hill, Cannon Street.

CO.

DAWES,

G.

LAWRENCE O. MURRAY, Secy &

A;

STAR MILK COOLER

$4,000,000
1,000,000

W. IRVING OSBORNE, Vice President

Built.

WHITE

J. G.

CHICAGO.

CHARLES

Financed

Star Sanitary Dairv Apparatus.

R. A. Lancaster

OF ILLINOIS,

N. Y.

LONDON CORRESPONDENTS!
fi a College

CLINTON GILBERT,

CENTRAL
TRUST COMPANY

Investigations and Reports on
Electric Railway, Gas, Electric
Light, and Power Transmission
Capital,
Properties for Financial InstiSurplus),
tutions and Investors.

List of current offerings on application.

* Wall Street,

CO.,

Electric Railways
Electric
Electric
Power Plants

Companies.

Sgrttst

Engineers, Contractors,

183-184 La Halle *t.."TheTemple," Chicago.
8 Congress St., Boston.

and fiEKITIAN

WHITE &

G.

LXXV.

[Vol.

GENUINE
WELDED CHROME STEEL AND IRON
Hound and

Ply Plates and Angle
4c.
and positively
Burglar Proof.

Flat Mars and

f>-

FOR SAFKS, VAULTS,

Cannot be Sawed, Cut or

Drilled,

CHROME STEEL WORKS.
Kent Ave., Eeap and Hooper
Bale Mun'f'ers in the U.S.

Sts.,

BROOKLYN, N, V.

18, 80.

1808;

17.

May

1H01

11,

;

June

1901.

Will pay 10 cents a co»y for the
16 cents for the

chronicles sad

Supplements.

WILLIAM

B.

DANA COMPANY.
76H Pine

Street.