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Post made them, nor when the Commer
cial Bulletin, of Cleveland, made them,
nor when the Courier-Journal adopted
them, and they are not true today—in
fact, they never were true. Cincinnati
clearings are not computed “according to
the old-fashioned method of Including
both the debit and the credit balances.
When the statement was made, early in
the current year, it brought out a clear,
specific and emphatic denial in the Com
mercial Tribune from Superintendent
Duble, of the'Cincinnati Clearing House-
a gentleman of equal standing in the com
mercial and financial world with Pres
ident Sullivan, and far better acquainted
with the workings of the Cincinnati Clear
ing House.
Figures From New York.
The New York Financial and Commer
cial Bulletin, of New York—standard au
thority in the financial world—in its issue
of May 30 gives the figures of the clear
ings of Cincinnati, Cleveland and Louis
ville for the week ending May 23, as fol
lows—and they are interesting as show
ing the felly of a small commercial town,
like Louisville, taking part in a contest
between two great commercial and manu
facturing cities:
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CITIES.
Cincinnati .. 123.S90.63012rt,310.2301IS, 339.800114.264.5C0
Cleveland .. |15. < JS7.187 13,33S.577ilB.S»5.2S3| 9.823,127
Louisville ..I 9.247,3681 8,719.369. 9.410.748 | 7,068.551
The figures show steady increases in the
clearings of Cincinnati for the weeks end
ing May 23 in 1900, 1S01, 1902 and 1903.
They show sporadic increases In the
clearings not only of Cleveland, but of
little Louisville—both cities indulging in
the habit of chicken today and feathers
tomorrow, with Cincinnati steadily draw
ing away from Cleveland and utterly dis
tancing the Kentucky town.
Growth Is Interesting.
The history of Cincinnati’s remarkable
growth is uniquely interesting.
When the population of a city has
passed the quarter-million mark the vol
ume of building is not noticed so closely
by the'average citizen.
There has been no increase by annexa
tion 1st the territory of Cincinnati since
1896.
Whatever growth there has been, either
in population or business, since that date
has been within the city’s limits since
January 1, 1896. Since the last-mentioned
date the tax duplicate has increased
from $185,000,000 to over $215,000,000 in 1202.
This is certainly a marvelous advance
ment in values.
According to the reports of the Inspect
or of Buildings, the sum of $26,000,000 was
invested in new structures in the city be
tween January \ 1890, and December 31,
1895.
High-water mark was reached in 1891,
when the cost of new structures reached
a total of $5,347,538. Then began what
might properly be denominated the
.“slumping period.”
The lowest point In this descending
scale was reached in the year 1898, when
the total cost of new buildings of all
classes reached $1,350,000.
The figures here given are for the years
ending with the last day of August.
A glance at the following figures, taken
from the returns of the Inspector of
Buildings, will indicate when the tide
turned and the respective annual in
creases :
1SJS—August 31 ,....$1,551,454
1900— August 31 1,487.072
1901— August 31 2,215,070
1902— August 31 4,179,005
These figures clearly indicate that no
city in the United States other than New
York can show a substantial growth co
eval with that of Cincinnati.
Of course, the total of the above figures
includes the buildings In course of con
struction, as well as the Emery, Ingalls
and Kruse-Bahlmann Hardware Company
structures. From a careful and conserva
tive estimate made In the Building In
spector’s office the amount of money in
vested in new buildings in Cincinnati in
1902 will reach the gratifying as well as
surprising total of $8,000,000.
What can be so eloquent as these fig
ures?
Real Estate Booming,
Theodore Mayer, President of the Cin
cinnati Real Estate Exchange, in a re
view of the real estate conditions during
the past year and the present outlook,
said:
“During the past few days I have had
talks with many real estate men of Cin
cinnati.
"In one voice and opinion they say that
the year 1903 was the best from every
standpoint the city of Cincinnati has ex
perienced in its history.
"The exchange has experienced an
awakening from tlje condition into which
it fell in 1893, when the panic struck the
country. ,
“Rea! estate, along with every other
sort of property, suffered by that reason.
“Now the exchange is recovering and
once more becoming one of the active
commercial factors of the city.
“The demand for real estate is not upon
one class of property. It is for all classes
from the large industrial sites to \ the
thousand-dollar houses of the wage earn
er who wants to own a homo of his own.
“The manufacturer, by reason of his in
creased volume of business, builds larger
factories, power plants are at a premium
for the smaller manufacturer, residences
on all of the hilltops are in demand, flats
in all parts of the city command their
own prices and suburban property within
'trolley ride is unprecedented in demand.
"With all of the prosperity- of the past
year there seems to be every reason to
believe that the prosperity of 1904 will ex
ceed oven that of 1903.”
In number of building permits issued
and cost of new structures there was i
sl'gh't falling off in 1903 from the 1902 rec
ord. The figures for the two years are:
No. cf Cost of
Permits. Buildings
4.177 $4,669,585
3,343 4,502,255
The number of permits for new build
ings was 607 in 1902 and 563 in 1903.
The receipts of the Building Department
were $11,225.75 in 1902 and $10,746.04 in 1903
Hotels Prosperous.
The ledgers and registers of the hotels
of Cincinnati tell their own comfortable
story of prosperity during the year 1903.
It was the most prosperous year the
hotels have enjoyed since that memor-
nbi ; . mis of twenty-two seasons ago
v hen the National Republican Conven
tion was veld in Cincinnati, the time
when Colonel Robert G. Ingersoll added
to the literature and oratory of the world
in his famous speech nominating the
great James G. Blaine for President of
the United States.
The flattering patronage of Cincinnati
hotels during 1903 has imparted renewed
interest to that profitable business, and
the sky of the new year is roseate with
prospects that will be realized before the
dawn of 1905. ,
sylvania. which continued until October
23. or nearly five and a half months.
This interference with and cessation of
operations largely curtailed the output, so
that the records indicate a total of 31,-
201,000 tons of anthracite shipped to mar
ket during the calendar year 1902, which
compares with 53,568,000 tons for 1901 and .4 a
annual average of 45,976,000 tons for five
years prior to 1902.
For the calendar year 19C1 the total pro
duction of anthracite coal was 60,302,000
tens (of 2,240 pounds), compared with an
annual average of 52.076,000 tons for five
years ending with 1901.
Manufacturing Comparisons.
Cincinnati is distinctly a city of manu
facturing operations, in great variety and
extent, with especial prominence in many
lines.
And when reference is tnus made to
Cincinnati in connection with the extent
of such industrial interests it should be
understood that not only the city within
corporation limits is embraced In rhe cal
culations, but the immediate surround
ings, south of the Ohio River as well as
in other directions, which contribute in
making this a great industrial center.
In view of the great number of concerns
engaged in manufacturing enterprises,
and the impossibility of securing complete
returns indicating' the relative extent of
their operations from year to year, an at
tempt to present statements of total val
uation of products of such establishments
must necessarily depend in a large degree
upon estimates, made in the light of In
formation available from partial returns.
The exhibits of the census report of
1900 as to the value of manufactures p-t-
duced at Cincinnati were manifestly In
consistent with the information similarly
presented in the preceding census.
This matter was taken up w*lth the
r m sus Office a year ago. and the effort
at explanation from the Chief Statistician
for Manufactures was presented in last
year’s annual report of the Chamber of
Commerce
The returns of t5ie census of a 590 In-
dicatecf a total of $196,064,000 as the value
of product of manufactures for the city
of Cincinnati. . , „
This, with $22,687,000 reported for Cov
ington and Newport, on the_ ^.cky
tide of the Ohio River, and Sli y^jjy ad
ditionally for near-by establishmei«Jotit-
made 11 total
COMMERCIAL TRIBUNE BUILDING AND ATLAS NATIONAL BANK, WALNUT STREET AND GOVERNMENT PLACE.
very largely upon the business acumen
and foresight of its innkeepers.
They not only appeal to the stomach,
but also to the soul by the timeliness
and up-to-dateness of the meals they
serve and the accommodations they of
fer to those who are an-hungered and
a-thirst.
The hotel keepers of Cincinnati are
noted for their resourcefulness and the
ample manner in which they take care
of the traveling public.
Their names are synonymous with open-
handed hospitality, and they have con
tributed a generous portion to the pres
tige Cincinnati enjoys as one of the great
cities of the world. ■
Figures Are Significant.
The bank cleanings of 'the city for 1903,
aggregating $1,154,647,600, an increase of
nearly 7 per cent over 1902, are significant
for the reason that the increase comes
practically exclusively from the opera
tions of commercial, industrial, mercantile
and manufacturing operations.
The Cincinnati Stock Exchange dealings
during the year 1903, showing a decrease
of nearly $5,000,000 in the par value of
stocks and bonds dealt in, indicate that
the securities market in this city has suf
fered in common with the reactionary
tendences noted In other prominent finan
cial centers and, Inasmuch as the stock
exchange transactions have An important
bearing upon bank clearings, the increase
in the latter of about 7 per cent for the
yetak 1903 suggests that the business in
terests of the community have grown won
derfully during the past twelve months.
Under the circumstances it is but natu
ral that the leading observers, who are in
touch with the real growth-of the Middle
Vest, should be optimistic at this time.
Facts About the City.
Cincinnati passed through 1903 with very
little to regret and much for which it
feels grateful.
Great as was the prosperity in the city-
in 1892, the year just passed exceeded it in
every way. The city was singularly free
from any disaster or public calamity.
The most destructive fire was that
which burned the Pike Theater Building
and adjoining buildings, but this may-
have been a blessing in disguise as it is
more than probable that from the ruins
will rise a structure that will be an honor
and adornment to the city.
Epidemics there were none. The. health
of the city was above the average, and
statistics show that improved conditions
have been reflected in a smaller death
rate.
The city was free from serious labor
troubles.
Looking into the future and presaged by
the happenings of the past the people of
Cincinnati can feel assured of a contin
uation of prosperity- and an added impetus
to the business and industries of the city.
With the exception of some minor
troubles capital and labor promise going
forward an peace and amity.
nearly 39 per cent over the annual aver
age of the previous fiv^ years.
Business failures were moderately- en
larged in number and volume of liabilities,
the records indicating a total of 11,615,
compared w-ith 31,002 for 1901, and an an
nual average of 11,330 for five years prior
to 1202.
Total liabilities were $117,476,000, com
pared with $113,092,000 for 1901, and an an
nual average of $125,490,000 for five years
prior to 1902.
Railroad earnings in this country in
1902 continued to reflect ga’ns over tile
previous great advance, notably so in
gross earnings, the decided increase in
operating expenses precluding a corre
sponding gain in net earnings.
The estimated increase in gross earnings
over 1901 shows $105,000,000, and in compari
son with 1896 a gain of $685,000,000.
The increase in net earnings over 1901 Is
small, estimated at only $2,000,000 for the
country, which with the previoi^ gains
since 1896 bring the total to $234,0W),000, in
comparison with that year.
BUSINESS OF QUEEN CITY.
The year 1902 has borne evidences of a
volume of business operations in our |
country beyond any previous year, and
the commercial and industrial activities
were attended with prosperous results.
The general average of prices of com
modities was advanced 2(4 per cent in
comparison with the preceding year—va
rious important products making a de
cided gain in values.
The indicated valuation of surplus prod
ucts exported during the year fell moder
ately short of*the high records of each of
the two y-ears preceding, but was in ex
cess of any- earlier year, the decrease in
comparison with 1601 being 7 per cent.
The imports of merchandise were larger
than the preceding or any earlier year,
so that the excess of exports over imports
was less striking than for either of the
two preceding years.
The crops of the country were bountiful
beyond any- previous year in the agggre-
gate of agricultural products.
Bank Clearings.
The bank clearings of the country were
about the same as represented by the
high record of 1901, the totals being $iI8.-
ilS,000,0o0 for 1002. compared with $118,379,-
(«0,000 for 1901; $S6,205,000,C00 for 1900, and
an annual average of $85,043,000,000 for five
y-ears prior to 1902.
The past year represents an increase of
Operations in New York.
The New York Stock Exchange opera
tions in 1902 did not equal the notable
record of the preesding year, but were in
excess of any earlier y-ear.
The dealings represented an aggregate
of 1S8.503.0C0 shares of stock, compared
with 265,944.000 for 1901, 138.3S0.000 for 1900,
176.421,000 for 1S99, 112.700,000 for 1898, and
77,324,000 shares for 1897.
The estimated value of stocks sold in
1902 represented $14,213,000,000, compared
with $20,432.000,000 for 1901.
The average price of shares was 1(4 per
cent higher than for 1901, and above any
previous record in twenty y-ears.
The sales of bonds represented a par
value of $895,000,000, compared with $999,-
000,000 for 1901, and $578,000,000 for 1900.
Year.
1902
1903
The fame and fate of any^city depend
BOSS BUILDING, SIXTH AND LODGE ALLEY.
Cincinnati's Good Share.
Cincinnati had a good relative share of
the activities and prosperous results of
merchandising and manufacturing opera
tions In 1902.
This city and immediate vicinity repre
sents a locality of special prominence In
manufacturing industries, and undoubt
edly represents greater value of produces
from such enterprise, in proportion to
population, than any other city of im
portance in tile country.
For the city o? Cincinnati and its im
mediate surroundings, recognized as be
longing to the one commercial center, the
value of the output of the factories in 1302,
representing large and small concerns, is
estimated as approximately $315,009,000,
compared with $300,000,000 for 1901 and an
annual average of $270,000,000 for five
years prior to 1902.
The local bank clearings for the year
1902 were $1,080,902,000, compared with $9'
502,000 for 1901 and an annual average of
$757,905,000 for live years prior to 1902
The increase for the year 1902, in com
parison with the preceding year, was 11(4
per cent, and in comparison with th
erage for five y-ears previously was 42%
per cent. >
Approximate Values.
The approximate value of commodities
received at Cincinnati during 1902. covered
by Chamber of Commerce records,
$545,000,000. compared with $442,000,000 for
1901 and a n- annual average of $350,000,000
tor live years prior to 1902.
This implies a gain of 23 1-3 per cent
comparison with the preceding year, and
a gam of 35per cent in comparison with
the’ live years’ average.
Local business was enlarged the past
year In 111 • .most prominent lines, in
eluding dr.# goods, boots and shoes, cloth
ing. groceries, pig iron, coal, lumber, soap
and various others.
The average price of commodities usu
ally recognized in such connection ' was
increase! the (past year in nearly all lines,
the exception including staple articles of
groceries, hay and some ether lines of
merchandise.
The indicated changes In industrial op
erations at Cincinnati during the past five
years include many important gains.
1 he estimated valuation of Commodities
received in 1992, as compared with 1S97,
makes an increase of 97 per cent.
1 he estimated value of manufactures
produced in the city- and immediate vicin
ity in 1902 is 51 per cent greater than for
1S97. Bank clearings increased 72 per cent.
Too estimated value of leather locally
produced increased 67 per cent. The esti
mated value of boots and shoes made ba
lnea! factories increased 60 per cent.
The reported shipments of soap in
creased 67 per cent.’The estimated value
of harness aind saddlery- locally made in
creased -U per cent. The estimated value
of machinery- made increased 67 pier cent.
Tile estimated value of vehicles made
in: 1 . :.sed 33 per cent. The estimated value
ct furniture and office- furnishings in-
cren-cd 33 per ct nc. The sales, of cloth
ing inc•••< used 30 per cent in value.
Tin sties cf groceries increased 25 per
bent in value. The value of pig iron re
ceived and of sales of local dealers for
direct shipment increased 118 per cent.
The value of petroleum received and of
stales of local dealers for direct shipment
increased 81 per cent. The receipts of
lumber in 1902 were 196 pe| cent greater
than in 1897.
The shipments of meats in 1902 were 22
per cent greater than in 1897.
I>arge gains were made in output locally
of electrical equipments, machine tools,
pianos and other musical instruments,
printing ink, chemicals, etc.
Small Decline in Whisky.
There was a decline of about 5 per cent
in quantity of distilled spirits produced
in Cincinnati and the immediate vicinity
in 1902, compared with the preceding year,
the total indicating 9.009,000 gallons, com
pared with 9,476,000 for 1901 and an annual
average of 9,003,000 gallons for five years
prior to 1902.
The receipts of whisky in this market
were about 8 per cent less than the un
usual quantity indicated for the preceding
year, the total showing 389,600 barrels,
compared with 422,900 barrels for 1901, and
an annual average of 303,COO for five years
prior to 1902.
The total quantity of whisky represent
ed by- local production and receipts for
the year was 27,710,000 gallons, compared
with 29,777.000 for 1901 and an annual aver
age of 23.546,000 for five years prior to 1902.
The approximate valuation for 1902 was
$35,179,000, compared with $37,553,000 for
1901, and an annual average or $29,345,000
for five y-ears prior to 1902.
The production of rectified spirits at
Cincinnati and immediate vicinity in 1902
was 15.1S4.000 gallons, compared with 13.-
382,000 for 1901, and an annual average of
10,670.000 for five years prior to 1902.
The basis price of finished spirits in Gils
market at the close of 1901 was $1.32 per
proof gallon.
The changes during 1902 were as follows:
January- 29. $1.31; March 1, $1.30; July 15,
$1.31; September 4, $1.32; December 23,
$1.31, the latter representing the position
at the close of the year.
The general average was $1.31 per gal
lon, compared with slightly ever $1.2S'-1>
for 1901, and an annual average of $1.24
for five years prior to 1902.
Total Production.
The total production of distilled spirits
in the United) States for the fiscal y-ear
1901-02 was 128,623,000 gallons, compared
with 124.520,000 for the preceding y-ear, and
an annual average of 94,060,000 for five
years prior to 1902.
The revenue collected from spirits in
1901-02 was $121,13S.000. compared with
S116.02S.000 for the preceding year, and an
annual average of $99,947,000 for five years
prior to 1902.
Manufactured Iron and Steel.
Receipts of manufactured iron and steel
at Cincinnati in 1902 gained 16 per cent
over the high record of the preceding
year, indicating a total of 422,600 tons,
compared with 363,100 for 1901, and an an
nual. average of 245,400 for five years prior
to 1902..
Shipments for the y-ear were 321.300 tons,
compared with 276,300 tons for 1901, and an
annual average of 194,100 tons for five
years prior to 1902.
The estimated value of the receipts for
the year is $21,100,000, compared with $14,-
500,000 for 1901.
Ccal and Coke.
The arrivals of ccal at Cincinnati In
1902 were in excess of any previous year,
reaching a total of 87,906,793 bushels, or
3,169,059 short tons.
The record for the preceding year was
80,064,000 bushels, and the annual average
for five years prior to 1902 represents 78,-
372,000 __ bushels.
The arrivals of eoai from the Pittsburg
district were largely increased the past
y-ear in comparison with the restricted
supplies of two years previously from that
region.
The arrivals from the Kanawha district
were smaller by both river and rail in
comparison with the preceding year, but
represented a total moderately- in excess
of the Pittsburg total.
The proportion of coal received by river
was 68 per cent, compared with 64 per cent
in 1901, and 65 per cent in 1900.
The proportion of arrivals by rail was
32 per cent in 1902, 36 per cent in 1901 and
35 per cent in 1900.
Shipments of coal from this market in
1902 were much larger than the high record
of the preceding year, representing a
total of 25.241,000 bushels, compared with
20,955,000 for 1901.
Consumption of Coal.
The average annual consumption of coal
at Cincinnati in recent years has been
something over 60,000.000 bushels.
As near as can be ascertained, the local
consumption is pretty- evenly divided be
tween factory and household purposes.
Coal from Kanawha. Virginia and West
Virginia regions sells at the same, or
about the same, prices as are obtained
for the product from the Pittsburg dis
trict.
Sales afloat are on the bushel basis,
seventy-two pounds; sales delivered are
on the ton basis, 2,000 pounds, and repre
sent screened or lump grade.
The receipts of coke for the year were
7.919,000 bushels, and the quantity- locally-
manufactured was 5.914,000 bushels, mak
ing a total of 13,833.000 bushels, compared
with 11.221,000 bushels the preceding year.
For city manufacture the average price
for the year was ten cents per bushel; of
gashouse, ten cents; of Connellsville. $6
per ton.
A strike was inaugurated on May 12
by the anthracite coalminers of Fenn-
ide of city corporation lines
of $236,162,000.
Former Estimates Only Partial.
For years subsequently, estimates were
rrade based on partial returns o.,«.a:r.-i
bv the Chamber of Commerce from year
to y-ear. which resulted in $300,000,000 as
the indication for the calendar year 1- ■ ,
as the approximate value of products 0.
manufactures of Cincinnati and ,miueGii.e
vicinity for that y-ear.
While these figures appear consistent
with the 1890 official data and the subse
quent Indications furnished by partial re
turns to the Chamber of Commerce from
y-ear to vear, it is deemed justifiable to
modifv them to the extent of 10 per cent,
accepting $270,000,000 as representing -.is
total value of manufactures for 1899, for
Cincinnati and Immediate vicinity.
The Chamber of Commerce estimates
embrace many large plants not included
In the foregoing exhibits.
As instances, the works of the Procter
& Gamble Company, the Laidlaw-Dunn-
Gordon Company, the Emery Candle Com
pany, and various other plants outside of
corporation limits.
Gains Made Since 1899.
Since 1899 there has been manifestly
considerable gain in value of manufac
tures for this locality, in the light of re
turns to the Chamber of Commerce, and :t
appears reasonable to accept $255,000,0'*)
as a fair approximation for 1900, and
$300,000,000 for 1902.
The returns for 1902 appear to reflect a
further gain of fair proportions. In some
important lines there was little or no
increase, while in others there were con
siderable gains.
We submit $315,000,000 as probably a fair
aggregate for 1902.
If $235,000,000 be recognized as the posi
tion for 1897, the estimate for 1902 would
imply an increase of 34 per cent for tha
ipast five years.
Cincinnati excels other localities in this
country in quantity of output in various
lines of manufactures, and In many others
is near to the front.
Industries of special prominence in
clude woodworking machinery, machine
tools, machinery and engines of every
kind, vehicles, soap, metal products of
every- description, clothing, shoes, leather,
harness and saddlery, furniture, bank, bar
and office furnishings, distilling and
brewing, printing, printing ink. playing
cards, chemicals, pianos, lumber, pork and
beef produets, fire-proof safes, tight coop
erage, etc.
Stages of Water in River.
In 1902 there were 68 days on which the
Cincinnati gauge showed less than a six-
fnrw stage of water, as indicated for 6
o’clock a.m.
Tui compares with 39 days for 1901. 74
for 1900. 76 for 1899, 13 for 1898. 65 for 1S97,
6 for 1896, 134 for 1895, 112 for 1S94, etc.
For the period of mne years there were
587 days when the river stage record at
Cincinnati at 6 o'clock a.m. was less than
6 feet.
The annual average for this period 13
65 days, or 1774 per cent.
The gauge indicated less than 6 feet
for 7 days in August, 30 days in Septem
ber. 7 days in October-and 24 days in No
vember, in 1902.
Low' stages of water not only interfere
with ordinary commodity transportation,
but also with the movement of coal, the
barges of such product requiring 6% to 9
feet of water.
The river arrivals of coal usually repre
sent about 4,COO barges yearly, exceeding
this in 1902.
Lowest Stage in 1902.
The lowest stage of water at Cincin
nati in 1902 was 3.9 feet, for two days in
September. The highest stage was 50.9
feet, on March 5.
The average stage for vthe year was 16.8
feet, compared with 17.2 flee: for 1901, 13.8
feet for 1900, 17.1 feet far 1899, 19.7 feet
for 189S, 16.5 feet for 1897 and 16.6 feet
for 1S36. the annual average for five years
prior to 1902 being 16.9 feet.
There were thirty steamers engaged in
freight and passenger traffic on the Ohi#
River in 1902, in service between Cinc-i*»
nati and other ports, representing a total
of 15,483 tons, compared with thirty
steamers, total of 15.131 tons, for 1901.
i he rainfall at Cincinnati in 1902 was
37.30 inches, compared with 17.99 inches in
1901, and an annual average of 32.fc>6 inches
for five years prior to 1902.
For the preceding five years the annual
average was 33.27 inches. Records of rain
fall in 1902 at other places in the Ohio Val
ley were as follows: Pittsburg, 32.22
inches, against 40.76 for 1901; Louisville,
41.65 inches, against 29.53 for 1901; Cairo,
33.07 inches, against 31.68 for 1901.
Attractiveness of Ohio River.
The attractiveness of the Ohio River for
ravel and pleasure and for promotion of
heaith is not as well understood * u
should be. t
The agreeable steamer accommodations
and the attention given to passengers on
up-river and down-river lines furnish -op
portunities for enjoyable recreation rarely
quuled anywhere, and at comparatively
mall cost.
The picturesqueness and variety of
oenery are not surpassed on any water
way in this or any other country
Under the heading of “Marine Works”
in this report is detailed information in
regard to the work of improving the Ohio
River and tributaries in 1902, under charge
of United States Engineers.
Railroad Transportation Interests.
The railroads of the country experi
enced a continuance of great demands
upon their resources for moving freights
during the year 1902, the facilities avail
able being inadequate to meeting the re
quirements of prompt service.
The reports-of earnings are a guide to
the conditions prevailing, and these show
great gain? for the year, following tha
notable advances mady in each of tha
three years preceding. '
Here at Cincinnati the partial returns
from railroads in regard to cars of freight
arrived and shipped during 1902 show con
siderable gain over the preceding year,
this being more decided in the feature
of cars departing, the increase being much
greater than the gain in arrivals.
The inadequacy of terminal facilities
here at Cincinnati for important lines
centering in this city was distinctly i'.lus-
:ratecl in the operations of the pflst year,
which developed frequency of congestion
and consequent inconvenience to business
interests.
These conditions have awakened the
NEW BUIEEINC1 <» THE «** NATTONAi, HA.NE. WuSSfcjuT. |
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