16    THE NEW YORK AND NEW JERSEY TELEPHONE COMPANY.
SUMMARY.

L. I. Div.           N. J. Div.             Total.

Stations, Jan. 1, 1903..........        26,026           28,158           53,184

Stations, Jan. 1, 1903..........        19,357          23,773           43,130
 

Gain....................         5,669             5,385           11,054