Rensselaer Semi-Weekly Republican, Volume 35, Number 94, Rensselaer, Jasper County, 31 July 1903 — BILLIONS LOST IN SLUMP. [ARTICLE]

BILLIONS LOST IN SLUMP.

fhrinkags In Stocks and Bonds Aggregate $3,000,000,000. The nc-t declines in the active railway and industrial stocks traded in on the New York Stock Exchange from the high ’'Brices of 1902 to the low prices of Friday range from 17 points in Southern Railway to 120 in Standard Oil. The shrinkage' of values is estimated to 'aggregate not less than $2,000,000,000, while bonds have decreased at least sl,000,000,000. It is conservatively estimated that the total shrinkage in American railways and industrials aggregates $5,000,000,000. The following table shows the principal net declines from the lrigli prices of 1902 to the low of Friday: Highest Friday’s Net 1002. lowest, decline. Standard OH 715 505 120 Northwestern ...271 160 111 United States Steel 4(5% 21% 25% United States Steel pfd. 97% 68% 29% Kock Island 50% 20% 29% Kock Island pfd 85% 61 24% Atchison 90% 02% 34% Atchison pfd 106% 87 19% Baltimore & Ohio 118% 80% 38% Brooklyn Ilnpld Transit. 78 41 37 Canadian Pacific ......145% 118 27% St. Paul 198% 137% 61% Lackawanna 297 230 67 Erie 44% 27% 17% Hocking Valley 100 73 33 Illinois Central 173% 125% 58% Louisville & Nashville..ls9% 101% 57% Manhattan 158 129% 29% Metropolitan 174 114 60 Missouri Pacific 125% 05% 29% New York Central 168% 112% 40% Norfolk & Western 80% 60% 20% Pennsylvania 170 118% 51% Bending 78% 48% 22% St. Louis &S. F., 2d pfd 80% 48 32% Southern Pacific 81% 39% 42% Southern Hallway 41% 20 21% Southern Hallway pfd... 98% 81% 16% Texas Pacific 54% 24% 30% Union Pacific 113% 72% 41 Wabash pfd 54% 34% 19% Wisconsin Central 57% 35% 21% Amalgamated 79% 35% 44 American Cotton Oil .. 57% 30 27% Am. Locomotive pfd. ..100% 81% 20% American Sugar 135 112% 22% Consolidated Gas 230% 181% 49% New York Air Brake ...196 118 78 Peoples Gas 109% 92 17% Pullman 250 196 54 Tennessee Coal 74% 37% 37% Western Union ......... 97% ’82% 13