New-York tribune., 1902-12-31

4
| narinp with record of So Sd: 0S-,:;S4 in the
| week of May II. in 1901 The smallest ex-
| changes in New-York any one day OF the
| year amounted to S79,S21, ,157. made on March
% while the smallest balances were S'.25l'-
| 656 on July Z. The largest balances were
S24 943 4.6 on July - The annual report OF
| the New-York Clearing House for the year
| ended September 80 showed total clearlhss OF
s7s 1:so. .69a.5Os, against S79427 $685. 81 for the
! calendar year 1902. The average daily tran
sactions have been about S2oSWD0ooo since
| the organization of the New-York Clearing
have amounted to 81, ,503, 425, 193. 722. Bank
| cIearings throughout the country were heavier
| than ever before on record in 1902. The increase
| was confined to one section of the country
| BANK NEUTRALITY-SUSPICIOUS. of the Asso-
| ciated Banks of New-York at the end of the
wear showed total cash Of $223O31,6n, against
| S23.5 COS 800 in the corresponding time year
ago and reserve above legal requirements of
S6549 200. compared with Si,S9l3.o in l9"I'
Loans were SS75, ,321. 800. and deposits $500
| 600 The record loans of the year S93S.
! 1o1 oOO made in the week ended March J. while
/ the record deposits We're S1.O19.4I4,2o0, made in
the week ended February u, the largest ever
| recorded in the history of the Clearing House.
! In the fall of the year the reserve above iegal
| requirements was completely wiped out, and for
! the first time in several years dehcit eXlsteo-
! The fact that loans ran beyond deposits at the
| end Of the year an interesting ana, 10 many
| neopIe an alarming feature. The record specie
holdings were S194.S9S,90G in the week of feb-
| ruary 21: the record legal tender holdings We're
| S26 623 800 in the week of August = ana the
| record reserve above legal requirements was
| S26 g., $50 in the week of February l.
EXPANSION IN DIVIDENDS.-There were
| many dividend increases in the year. the most
notable being in Jersey Central. which went
from to an $ per cent basis; Norfolk and
Western common from . to 3 per cent; Ameri-
can Cotton Oil to I per cent; New-fork,
Chicago and st. Louis second preferred. = TO d
per cent: Southern Railway, to e per cent
Northern Pacific, 4 to & per cent; pennsylvania
: to e per cent: Chicago and NorthWesteih . SCi jill
mon, to . per cera ana tne pfT.' Eat ,raferred .
70 / ner cent and ST. Paul q to per cent.
dividend reductions We're made by the fteaulils; s
Central of Georgia, American Grass WI, VIZ rno,, Co
1,,airamated Copper Colorado Fuel ana iron
ST Joseph and Grand Island ana American i0
preferred dividends were passed.
g,uRoAD EARNINGS.-Railroad traffic in
1000 was heavier than ever before known, and
gross earnings broke all past records Net earn
ings in many cases failed to maintain the I'M
proverlent shown In gross owing 10 the Poii'9
of railroad managers to spend money pur tG,..o, W
earnings the propertles' ana ~ illr oi,,t
cost of supplies and labor. lndlcatioiS PoL
toward bigger gross and net returns IN the ne"
wear as there will he an enormous gram uaLn'
in addition to the general movement "i me-
cbandise while rates will be better than lheS
were in 1902 The railroad business was :"
heavy in 1902 that congestion ot ,ralIlc ao 4;
1v sena rated points developed. The increase III
business offered the railroads resulted IN the Se
verest car famine in the history OF the une
trv New mileage in the year amounted 10 "o-o
niles against a36S in 1901. The tendency
toward higher rates was marked, especially at
the close. Activity among me raiiioaua o,ti,es 81
fiected in the addition of 100 new iocon0tEts-
renreserting a cost of S4o0C1oo. and l64,o4i
new cars to equipment in the year.
strikes throughout the country in the year but
nevar,heless labor was more fully employed
aod hotter Maid than ever before. The advance |
of 10 per cent by the United states steer tot
poration in the wages OF It's men, th' E'"t,"i
tendency among railroads ana olhet 'o't"nI' tt,,t
- rsIr higher wages and the increasing willing
ness of employer and empioye to submit 'heir
,iiffert nces to arbitration were features III thS
vear of great encoura cement 1t Is estimated
that the total increase in the pay OF ralr@"l , |
employees of the United States IN NJ Ihe next '"''fe
months will aggregate S-o.Spp'o.
TREASURY HOLDINGS.-At the end OF the |
wear the Treasury held in available cash s-ll'-
S75. 791. against Sl71.603.4TS at the same time
wear ago The increase is especially 'o'e-
worthy as internal revenue war taxes were 'uC
eff in the year Including the gold reserve OF
SI5oo ooOou9 the Treasury's cash holdings |
amount to $3.50 SO 791 The trust fund held
Ss@1 so G60 against SS11. .46S.o .oS9 last year.
The Treasury's gold holdings are larger thah
ever before record. In addition 10 tn' f''',
OooOOo of gold in the reserve fund tiie 5
holds $50 G62 RS in gold coin ana puIlloh anu
$50 S:56 10 in gold certificates.
RECORD PRICE FOR SEATS.-The record
nrice for A Stock Exchange seat in the year was
made on September II when a membership |
sold for $50 900 The high record in 1901 was
$50 600 as against the low record III lon' vi
$3.50 In the last twenty ysaIS oo0 an6
exchange seats have sold as low as Sl4or" ana
as high as $4,000. and even higher prices are
predicted
HIGH AND Low PRICES IN 19o2-The
highest prices of the year of the leading active !
stocks were made. rule in August anu
Sentep1ber The low prices Of the greater num-
her of issues made I'm January, only 1t
few stocks in the fall decline going below the
figures for which the summers advance starleu- !
Tyrentv active railroad stocks opened the year
on an average price of Si13 ~, rising TO Nl29 30 |
on September 9. and closing slightly uuaer
S11S Twelve leading industrlals MADE tnelr
high record at S6S II in the last week or April |
MONEY IN CIRCULATION,-The amount of !
money in circulation is larger than ever before
recorded. amounting to upward of S2s72''lo'-
l5S an average per capita Of NZ9 .Z ms
compares with per capita circulation year
ago Of S2S 13 The increase of money in the |
country outside the Treasury in 1902 amounted
$102 45392S.
CROPS IN I9O2.-The corn crop of 1902
the largest record. amounting to over ,
800 900 900 bushels. as compared with 1,522,
519S91 bushels in 1901. The yield of oats and |
harley amounted to enormous totals. Total |
WELD of wheat slightly under the .46O.-
21S bushels record of 1!ol.
PRICE OF SILVER.-The highest price for
silver both in London and the local market.