The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SECTION,
CHRONICLE
(fommeixict
INCLUDING
^
Bank and Quotation Section
State and City Section(semi AmmaUy)
(Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of
Congress In the
year
Railway Section (Thr^a^“e8)
1906 by William B. Dana Company, in Office of Librarian of Congress, Washington, D.O
NEW YORK
VOI. 84.
Street
financial.
3£inaticiaL
financial.
FISK & ROBINSON
AMERICAN BANK
NOTE COMPANY
78 to 86 Trinity Place, New York
Business Founded 1796.
Engravers
Reorganized 1879
»
Printers |
BANKERS
PORATIONS, DRAFTS, CHECKS, BILLS
OP EXCHANGE, STAMPS, ETC, WITH
8PECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING * LITHOGRAPHIC
AND TYPE PRINTING f* RAILWAY
TICKETS OF
IMPROVED
STYLES
Government £onds
Investment Securities
NEW YORK
BOSTON
Frank K. Johnson,
-
-
The National Park Bank
of New York.
Organized 1856.
Capital
$3,000,000 00
Surplus and Profits
8.415,344 14
Deposits March 44,1007.... 91,411,004 81
BANK,
Capital, Surplus and Undivided Profits*
$3,250,000.
FRKD’K B. SCHENCK. President.
CHARLES fcL STOUT
D. G. REID.
Vice-President.
Vice-President.
CHARLES W. R1KCK3,
JAMES V. LOTT
2d Vice-President.
Cashier.
HENRY P. DAVISON,
FRED’K P. McGLYNN
Chairman Exec. Com.
Asst. Cashier.
DIRECTORS:
*
K. C. Converse,
T. A. Gillespie,
Henry C. Tinker
F.L. Htne,
EL F. C. Young,
H. P. Davison,
Daniel G. Reid.
Arthur F. Luke.
Charles A. Moore,
J. Rogers Maxwell.
Charles H. Warren.
PRESIDENT.
Harvey ST.,
Fisk NEW
& Sons,
YORK
62 CEDAR
-
VICE-PRESIDENT.
VICE-PRESIDENT.
JOHN C. VAN CLEAF,
VICE-PRESIDENT.
Government, Railroad and
Municipal Bonds,
MAURICE H. EWER,
and ether
CASHIER.
O.
-
Bankers and Dealers in
JOHN CL McKEON,
WILLIAM
Ambrose Moneli.
Fred’k B. Scbenck.
Frederick G. Bourne.
Charles if. Stout.
DELAFIELD.
GILBERT G. THORNE.
Secretary
TRUSTEES:
T. H. Frekla> D, Chairman of the Board
Edmnnd C. Converse
Francis L. Potts
Warren L. Green
Andrew V. Stout
Phineas C. Lonnshury
A. Jaretzki
NATIONAL
Geo. F. Baker.
RICHARD
OFFICERS:
Warren L. G keen,
- President
D. E. Woodhull, Vice-President
Joseph Fleming, ... Vice-President
Treasurer
Chas. L. Lee
THE LIBERTY
NEW YORK.
BANK NOTES, SHARE CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
NO. 2181.
APRIL 13 1907.
WILLIAM A. MAIN
JONES.
ASST. CASHIER.
ASST. CASHIER.
PKKD’K O. FOXCKOFT
ASST. CASHIER.
INVESTMENT SECURITIES.
Philadelphia, represented by
Jam is 1L Chapman, 421 Chestnut 81.
Chicago, represented by D. K. Drake,
Continental National liana
CHARTERED 1810.
Members oi Richmond and Baltimore Stock
hxcnanges.
L. Williams &
BANKERS,
MECHANICS’
Sons,
Edward B. Smith & Co,
33 Wall Street.
Capital,
RICHMOND, VA.
Baltimore Correspondents:
middendorp, Williams & Co
NATIONAL
BANK.
Corner 9th and Main Streets,
-
Surplus,
-
-
-
BANKERS
$3,000,000
3,000,000
Bank of Richmond.
Francis Ralston
Capital & Surplus,
$1,500,000
OFFICERS:
JOHN SKELTON WILLIAMS, President.
FREDERICK E. NOLTING. Vice-President.
T. K. SANDS, Vice-President & Cashier.
H. A. WILLIAMS, Asst Cashier.
Xj. D. CRENSHAW JR.. Trust Officer
Chase National Bank
Welsh,
MUNICIPAL RAILROAD AND OTHER
Directors:
Henry W.Cannon. Chairman. James J. Hill
Oliver U, Payne George F. Baker John L Waterbury
THE
EQUIPMENT OF TIIE
FOURTH
NATIONAL
BANK
GARFIELD NATIONAL
New York.
Capital
Surplus
-
-
-
-
$1,000 000
1 000 000
Founded in 1784.
—CORNER NASSAU AND PINE
THE
—
IS
ESPECIALLY
ARRANGED FOR HANDLING
BANK,
23d Street and Sixth Are..
OF THE CITY OF NEW YORK
STREETS
Philadelphia.
ORIGINAL CHARTER 1829.
THE
328 CHESTNUT STREET, PHILADELPHIA.
A. Barton Hepburn
George V. Baker Jr.
Grant B. Schley
Albert II. Wiggin
BANK OF NEW YORK
National
Banking Association.
GALLATIN
NATIONAL BANK
OF THE CITY OF
ACCOUNTS INVITED.
FfeV YORK
Capital
$1,000,000
Surplus Sc Profits (earned) 2,300,000
OFFICERS
Samuel Woolverton, President
Alexander Hi Stevens, Vice-President
George E. Lewis, Cashier
Howell T. Manson, Assistant Cashier
DIRECTORS
Adrian Iselin Jr.
Frederic W. Stevens
Alexander U. Stevens
MERCANTILE ACCOUNTS,
Exchangee,
511 Chestnut Street
New York.
BONDS.
Cap.&Surp., $9,436,000 Deposits, $63,345,000
A. B. HEPBURN, President
H.WIGGIN, Vice-Pres. M. J. STALKER, Cashier
Members New York and Phlla. Stock
INVESTMENTS.
Clearing House Building
A.
INVESTMENT SECURITIES
7 Wall Street,
N. W. Cor, ioth and Main streets,
Richmond, Va,
Building.
Our list of Investment Securities sent on application.
W. Kmt.es Roosevelt
Chas. A. Pea boot
Samuel Woolverto*
Charles H. Tweed -
Thomas Dsnnr Jn,
THE CHRONICLE.
[VOL.
LXXXIV
bankets and ^catwjers uf JJevcIgti gsefumge.
J. P. Morgan & Co., Maitland,Coppell & Co.,
WALL STREET CORNER
NEW
Drexel & Co.,
52
BROAD,
WILLIAM
STREET,
NEW YORK,
YORK.
PHILADELPHIA.
Haussmann,
Bills of
PARIS.
Deposits received subject to Draft.
Securities
and sold on Commission. Interest allowed on
Foreign Exchange. Commercial Credits.
Cable Transfers.
Circular Letters for Travelers
available in all parts of the world.
Attorneys and agents or
Me«sr«. J. 8. MORGAN Sc
No. 22 OLD BLOAD STREET.
-
CO.,
LONDON.
-
Exchange, Telegraphic Transfers,
BANKERS.
ON
Deposits.
STREET,
BOSTON.
Letters of Credit,
DOMESTIC AND i OR El ON BANKERS.
bought
115 DEVONSHIRE
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
Morgan,Harjes<fcCo.
Cor .of 6th 4 Chestnut Sts. il Boulevard
Kidder, Peabody & Co.,
Union of London &■ Smiths Bank, Limited,
London,
Messrs. Mallet Freres Sc Cle., Paris,
INVESTMENT SECURITIES.
FOREIGN EXCHANGE.
Banco Nacional de Mexico
And its Branches.
LETTERS OL CREDIT.
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
TRAVELERS’ LETTERS OF CREDIT
Available throughout the United States.
Brown Brothers &
PHIL A
NLW
YORK,
Co.,
BOSTON.
59 Wall 1st.
August Belmont & Co.,
BANKERS,
No. 23 NASSAU STEET.
ALEA. BROWN 4 SONS, BALTIMORE.
CONNECTED BY PRIVATE WIRE.
Agents and Correspondents of the
Messrs. ROTHSCHILD,
Meme. N. Y., Phila„ Boston & Baltimore St’k Exch’s.
But and sell first-class In¬
vestment Securities on comaaisaion.
Receive accounts
«f Banks. Bankers, Corpora¬
tions, Firms and individuals
*a favorable terms. Collect
drafts drawn abroad on all
investment
Securities.
points In the United
States and Canada; and drafts drawn in the United
States on foreign countries, including South Africa
INTERNATIONAL CHEQUES.
FOK
Letters
_/
Buy and sell Bills of Exchange
and make cable transfers on all
all parts of the world.
BROWN, SHIPLEY & CO., LONDON.
DRAW
Cuba,
Mexico and California.
the purchase und sale of
1
Cuyler, Morgan & Co.,
INVESTMENT
SECURITIES.
STOCK
& CO..
BANKERS.
54
IN VESTMENT
SECUR111ES
WALL STREET, NEW
YORK.
Members of the N. Y. Stock Exchange.
Cable
Transfers
on
all
TO
ISLANDS.
AGENTS AND CORRESPONDENTS OF
Sellgnian Brothers, London.
Seli^mau Freres <V Lie., Paris.
Alttberg, Goldberg Sc Co., Amsterdam.
Anglo-Califomiau Ilk., Lt.,SanFrancisco
Mnrand&dta.
COMMERCIAL
AND
TRAVELERS’
CREDITS, BUY
AND SELL RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
AGENTS FOR CORPORATIONS.
Winslow, Lanier & Co.,
CEDAR
NEW
toTRKKT,
YORK,
Heidelbach- Ickelheimer & Co.-
BANKERS.
37
BANKERS,
STREET, NEW YORK.
Gene al
Foreign ana Domestic
Banking Business.
Securities
Letters of Credit
for Travelers.
Philadelphia
33 Pine
507 Chc-Stunt
St.
St., New York
William Street,
Execute orders for purchase and sale of
Stocks and Bonds.
Commission.
Kean,VanCortlandt&Co
High-Grade Investment
MEMBERS N. Y. STOCK EXCHANGE.
on
Foreign Exchange, Letters of Credit.
Bankers
BANKERS,
Deposits Received Subject to Draft. Interest
Deposits. Securities
Bought ana Sold on
Foreign & Domestic
the
Principal European Cities.
a
MAKE
MONEY
EUROPE. CALIFORNIA AND THE HAWAIIAN
Buy and Sell Bills oi Exchange and
ISSUE
Transact
AND
OF
EXCHANGE.
KESSLER
80 PINE
EXCHANGE
Street, New York
BANKERS
Allowed
OF
TRANSFERS
Street, New York,
MEMBERS OF NEW YORK
5»
BILLS
TELEGRAPHIC
Credit to Travelers
Part of the World.
BANKERS
.
TAILERiCD
of
anv
Buy and Sell Investment Securities.
1
44 Pine
21 Pine
CREDIT
the otner West Indies,
Execute orders for
Investment Securities,
Letters
Available In
Available in all parts of the world.
Draw Bills of Exchange and make Telegraphic
Transfers to EUROPE,
points.
Issue Commercial and
Travelers’ Credits, available in
A*i.
Ox v/TGCllU.
Issue
,
TRAVELERS.
CERTIFICATES OF DEPOSIT
HANKERS,
Street, New York,
No. 21 Broad
London, Paris and Vienna.
ISSUE LETTERS OF
J. & W. Seligman & Co.,
Foreign Exchange Bought and Sold.
issue Commercial and Travelers'. Credits
available in ail parts of the world.
Graham & Co.,
BANKERS.
No. 607 Cliestnnt
Street,
PHILADELPHIA.
Schulz &
Ruckgaber,
BANKERS,
11 William Street, New York.
Members New York Stock Exchange.
Correspondent* of Messrs.
Profiling & Goschen, London,
Job, Berea berg, Dossier & Co.. Hamburg.
Marcuard & Co., Paris.
Bremer Bank. Fillale Dresdner Bank. Bremen.
Issue Commercial & Travelers' Credits.
Buy and Sell Bills of Exchange.
Cable Transfers and Investment Securities
Members Philadelphia Stock Exchange.
High-Grade
INVESTMENT SECURITIES.
Issue Letters of Credit and
Traveler's Cheques.
Liat of current offerings sent on application.
Dealers in Investment Securities.
John Munroe & Co.,
No. 30 Pine
Street, New York.
No. 4 Post Office Square, Boston.
iMue Circular Letters of Credit for Travelers’ Use
Abroad Against Cash or Satisfactory
Guaranty of Repayment.
Exchange
on
London, Paris, Berlin,
Zurich and St. Gall.
CreditsOpened
and Payments Made byCable
Paris House—MUNROE Sc CO.
LawrenceTurnure&Co. MOSLE BROTHERS,
Hankers,
50
16 & 18 EXCHANGE
Wall Street> New York.
Deposits received subject to draft.
Interest al¬
Securities bought and sold on
commission. Travellers credits available through¬
out the United States, Cuba, Puerto Rioo, Mexico,
Central America and Spain. Make collections In and
lowed
on
deposits.
Issue drafts and cable transfers on above 00untries
London
Bankerst
—
London
Bank, Limited.
Paris Bankers:—Heine Sc Co.
Joint-Stock
PLACE,
NEW YORK.
COMMERCIAL CREDITS,
FOREIGN EXCHANGE.
Attorneys and Agents or
MESSRS. ICONIC BROTHERS Bankers
LONDON.
Ape. 13
hi
THE CHRONICLE
1907.J
gaukers.
jankers.
mme—mm—<—mm—mm—e—m—e—e—mem—m—m—
Wm, A.’Read & Co.
BANKERS.
Lee, Higginson & Co.,
44 Stale
Millett Roe & Hagen*
BANKERS
*
Investment Securities.
3 Broad
Street, BOSTON.
Dealers in
CHICAGO OFFICE,
25
The Rookery.
43 State St.
HIGH-GRADE BONDS
NASSAU STREET,
NEW YOKK.
203 B. German St-
BOSTON.
205 La Salle St,
BALTIMORE.
Stock
.Members New York Stock
Members New York Stock
CHICAGO.
Exchange.
Boston. 10 Post Office Square.
Members New York and Boston
Plympton,Gardiner & Co.
New York.
Street,
Exchanges.
J. B. RUSSELL &
CO.,
Members N. Y. Stock
Exchange
BANKERS
46
Exchange.
WALL
ST., NEW YOKK,
DEALKKS IN
*27 William St.,
New York
Boston.
Chicago.
Hio^h-Crade Bonds
AND
Conservative
L1S1S ON
Investment Securities.
Investments.
Member,
Financial
VorkStoek
dj!?!*
Nxcl.nn«e.
i Chicago
block Exchange.
Representatives of the. Illinois Tunnel
Financial
Company.
Representatives of the Automatic
Electric Company.
N.W. HARRIS & CO.
BANKERS
NEW
BANKERS
Safety Deposit Vaults lor Use ol Customers.
ItEQUES'I.
William
Pine Street, Corner
Geo. P> Butler & Bro.
Raiiroad and other
Investment Securities
BRANCH OFFICES:
CHICAGO, ILL.'
CAHBONDALE.PA.
WILKES BAKKE, PA.
BEADING, PA.
SCRANTON, PA.
DA YTON, OHIO.
BINGHAMTON, N. Y.
NEW YORK
35 Wall Street
YORK
<r
Receive deposits subject to
check
balances.
Act as fiscal agents for munici¬
palities and corporations. Issue
letters of credit
and
deal in
and
allow
interest
on
BONDS FOR INVESTMENT
Goldman* Sachs & Co.,
BANKERS
13
EXCHANGE
Members of
PLACE,
NEW
YORK.
Kissel, Kinnicutt & Co,
1 Nissan
New York Stock Exchange,
Street, cor. Wall, New York,
Foreign and Bomestlo
BANKERS
Execute orders tor purchase and
Stocks and Bonds.
sale of
LIST ON APPLICATION
Buy and Sell Foreign Exchange.
CABLE
ADDRESS
BILLS OF EXCHANGE
“COLDNESS."
CABLE TRANSFERS
Blake Brothers & Co.,
60
84 State Street,
Exchange Place,
BOSTON.
NEW YORK,
Dealers in
NEW YORK
MUNICIPAL BONDS.
Commercial Paper.
Investment Securities.
Members New York & Boston Stock
Exchanges.
Rudolph Kleybolte& Co.
BANKERS.
DEALERS IN
MUNICIPAL, RAILROAD and
STREET RAILWAY
BOND8.
87-29 PINE STREET, NEW TORE.
on
DailyandTime Deposits,
Available in all parts of the world.
DEALERS IN
Investment Securities
and Commercial
INVESTMENT SECURITIES
Paper
H. B. HOLLINS & CO.
N. W. HALSEY & CO.,
Cor. of Wall and Broad Sts., New York.
BANKERS.
Draw Bills ol
Exchange and moke
Cable Translers to Europe, Asia, Aus¬
tralia, the West Indies, Central and
South America and Mexico.
Issue Letters ol Credit lor Travelers,
available in all parts ol the world.
Zimmermann
9 and 11 Wall (Street, New
Members New lork Stock
Schmidt,
FOREIGN EXCHANGE,
INVESTMENT SECURITIES
27 WILLIAM STREET, NEW YORK.
Members N. Y. Stock, Cotton and Coffee ttxch&nges
on
Deposit Accounts.
Agents for Cities and Corporations.
NEW YOBK.
Chicago, San Francisco
49 Wall Street,
Philadelohia.
PHILADELPHIA
York.
Exchange,
for Invest¬
Orders executed for stocks and bonds
margin.
FOREIGN EXCHANGE
Fiscal
INVESTMENT.
FOR
Interest Allowed
NEW YORK
BANKERS.
ment or on
BONDS
Forshay,
&
E. D. SHEPARD & 00.
Bought & So/d
LETTERS OF CREDIT ISSUED.
Cable Transfers to all Parts of the World.
Stern &
POINTS
CITY
and other
Interest Paid
Issue Commercial and Travelers*
Letters of Credit,
COLLECTIONS &ADE ON ALL EUROPEAN
BIRD S.COLER,
Member N. Y. Stock Exchange.
LONDON
BOSTON
LEONARD H. HOLE,
W. N. COLER &
CO.,
C. B.
VAN NOSTRAND,
BANKERS
59 CEDAR ST„ NEW YORK.
a. wall «tU»,
INVESTMENTS.
Investment Securitise
/
IV
THE CHRONICLE
[VOL.
gorccifftt.
DEUTSCHE
BANK,
BERLIN, W.
©awadiau
CAPITAL
39 CORNR1LL.
847.610.000
RESERVE
Paid Up
Reserve Fond
833,810.000
M.
100,000.000.
DrrtDKTDg PAID DURING LAST TRW TSARS:
10.10*, u. 11,11.11.11.19,13,12 per oent.
BREMEN, DRESDEN, FRANKFORT-ON-M„
HAMBURG,
LBIP8IC,
MUNICH,
NUREMBERG, AUGSBURG
WIESBADEN,
Manager
NS W YORK OFFICE:
No. 31
PINE STREET.
R. Y. Hepden,
W. A. Bog,
J. T. Molineux,
approved negotiable securities.
CEUtl(STOPUFit it. NCtiBJNT, manager.
)
> Agents.
)
Buy and sell Sterling and Continental Exchange
Agencvt
4 George Yard, Lombard 8t.
LONDON, E. C.
and Cable Transfers; grant Commercial and Trav¬
elers’ Credits available in any part of the world;
issue drafts on and make collections in Chicago and
FRENCH FINANCE CORPORATION
OF AMERIGA.
throughout the Dominion of Canada.
London
Pnrchasers of First-Class Investment
BANCO ALEMAN TRANSATLANTIC!)
Office, No. 46 & 47 Threadneedle St,
F. W. Tailor,
market.
foreign.
84.701.000
84,100,000
17,600,000
Reterre Find
8395.000
M. 2,500,000
ACT
FOR
FINANCIAL AGENTS IN FRANCK
AS
RAILWAY
AMERICAN
CORPORATION'S
The London
IN THE OBTAINING OF LOANS AND 8ALE OF
.
SECURITIES.
OPFUCEi
BERLIN.
NEW
Branches:
25
YORK,
Broad Street.
PARIS,
9, rue Plllet-Wfll
Argentina:
Bahla-Blanca,Bell-Vllle, Buenos Aires,
Cordoba, Tnouman
Bolivia: La Paz, Oruro.
Chili: Antofagasta, Conoepcion, Iquique, Osorno,
Puerto Mcntt, Santiago, Valdivia, Valparaiso.
Peru : Arequipa, Callao, Lima.
URUGUAY: Montevideo.
BP AIN: Barcelona.
Mtmioe A grata: Banco Mexlcano de Comerclo e
Manager.
Securities for the French
(Deutsche Ueberseelsche Bank.)
Subscribed Capital
M. 20,000.000
Paid Up Capital
HEAD
159,831.84
.
K. S. CLOUSTON..Vice-Prest. and General
Ths Compsnv discounts approved bank and meroantlls acceptances, receives money on deposit
at rates advertised from time to time, and grants
on
-
$14,400,000.00
11,000,000,00
Hon. Sib geobgb A. Drummond K.C.M.G.President
Call, 3 Per Celt,
3 to 7 Daya’ Notlae, 3*4 P«r Cent.
loans
-
Head Office—Montreal.
AND THE
Deutsche Bank (Berlin) London
M.
.
Rt. Hon. Lord strathcona and Mount royal
G. C. M. G
....Honorary President
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for money on depoait are
as follows:
At
Branches :
3.750,000
2,250,000
$5—41 STERLING.
l At
...
UNDIVIDED PE0FIT8
87.300.000
Capital Subscribed
paid in
BEST
Telegraphic Address, Udlsco, London.
M. 800,000,000.
gawks.
The Union Discount Co. Bank of Montreat.
[Established 1817.]
of London, Limited.
BEHREN8TRA88E 9 TO 13.
0A PITAL
LXXXIV.
City &
Midland Bank, Limited,
HEAD OFFICE*
5 Threadneedle Street, London, England.
With Branohes In all the Principal
of England.
Telegraphio Address: Cinnabar, London.
SWISS BANKVEREIN
ESTABLISHED 1836.
SUBSCRIBED CAPITAL,
PAID-UP CAPITAL,
Industrla, Mexico.
Bills sent for collection, negotiated or
advanced upon.
BASLE, ZURICH, 8T. GALL,
Drafts, cable-transfers and letters
GENEVA, LONDON.
ol credit issued.
Cities and Towns
BESERVE
FUND,
$75,428,400
15,714,250
15,714,250
E. H. HOLDEN, M. P., Managing Director.
London Agents.
Deutsche Bank (Berlin) London Agency.
4 George Yard, Lombard bt., London, E.O.
Capital, Paid Up
■
Surplus
Fr. 62,800,000
Fr. 14,280,000
BOISSEVAIN & CO.,
24
BROAD
STREET,
NEW YORK.
Direction der
Discon to-Gesellschaft,
.
Members New York Stock Exchange.
Adolph Boissevain & Co.,
Amsterdam, Holland.
E8TABLI8HED 1801.
TRANSACT A
GENERAL BANKING
AND STOCK EXCHANGE BUSINESS.
43-44 BlHBXN 8TRA8SX.
BREMEN.
8TTNTBBUCKX 1
Berliner
FBANKFORT-ON-M^
LONDON, E. a.
Handels-Gesellschaft,
N0RTI00TE,
BERLIN, W.,
DUDLEY & COMPANY
BERLIN, W.,
Robsmarkt 1&
53 Corn hill.
Telegraphic Address, Disoontoge, Berlin.
**
**
*
-
••
*
Disoontogr, Franeturtmaen.
SCH WOLDS, BRSMSN.
Soondito. London.
Behrenstrasse!82-88
and
Fransdslsche-Strasse 48
49 Wall
Telegraphic Address:—Handelschaft, Berhm
11
CAPITAL, fully paid,
ESTABLISHED 1866
....
M. 57,500,611.
$18,712,626 Banking Transactions of Every Description.
With the unlimited personal
the
liability of
following partners:
A. SOHOSLLSR,
M. Bchinckil,
A. Salomonsohn.
I
I
J. HOBTSR,
el Rumsll,
F. Urbig.
Capital,
-
-
Reserve,
-
-
M.100.000,000
M. 29,000,000
JU 10,000,000 00
llfad Office:
Branches: Rio
Bank
HAMBURG.
Janeiro Sao
Pokto alegiik.
de
fur
Paulo, Santos
Chile
LONDON, E. C.
Cable Address—Natdls, London.
und
Deutschland.
CAPITAL
M 10,000,006 00
HAMBURG, with branches in CHILI (Banoo de
Chile A Aiemaoia): Valparaiso, Santiago, Coaeepoion, Tettmco,
Antofagasta; and in BOLIVIA
(Banoo de Chile A Alemanla, Secclon Bolivians),
Lapaz and Ornro.
The above-named banks, founded and represented
Europe by the
Direction der Disconto-Hosellsohntt,
Berlin. Bremen, Frank fort o/m and London
Norddentacbe Bank In Hamburg,
UAmWS. offer their services for every description
regular
banking transactions.
Company, Limited.
35 CORNHILL,
Subscribed Capital
Paid-Up Capital
-
-
$21,166,625
4,237,325
Reserve Fund
2,000,060
($5«*£1 STERLING.)
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for money on deposit are
a• follows:
,
At CaU, 3 Per Cent Per Annum.
At 8 to 7 or 14 Day** Nolle©, |*4
P. C.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised fcrem
time to time, and for fixed periods upon terms to be
especially agreed upon.
Loans granted
approved negotiable securities.
PHILIP HAROLD WADE, Manager.
on
807 Monadncck Bloc
Chicago
For Investment in the United States.
Hong Kong & Shanghai
BANKING
CORPORATION.
Paid-up Capital (Hong Kong Currency)..! 10,000,004
Reserve r...d.
••
Reserve Liability of Proprietorn.
10,000 004
j J“
Brasilianische Bank
The National Discount
fur Deutschland.
CAPITAL
Cbeapslde
FOREIGN FUNDS
M. 170.000,009.
RESERVE,
Poultry,
London, E.C.
$40,476,200
-
Street, New York,
'S'o^oSo }
SMS*"*
GRANT DBA FT8, ISSUE LETTERS OF CREDIT, NEGOTI¬
ATE OR COLLECT BILLS PAYABLE IN CHINA, JAPAN,
PHILIPPINES, 8TRAITS SETTLEMENTS, INDIA, ETC.
WADE UARD’NER, Agent, 50 Wall St.
international banking
CORPORATION.NoCAPITAL Ac SCKPLCS,
96,300,000
Buy and Bell Sterling mid Continental Exchange and
Cable Transfers. Negotiate. Draw or Receive
for Collection Bilk* on Points m the
Orient. Issue Letters ct Credit
Branches at London, Bombay, Calcutta, Sing apore. Canton, Hong Kong, Manila. Shanghai,
Kobe, Yokohama, San Francisco. City or
Mrxico. Washington, d.C.. Panama, Colon.
H. SCHERER &
BANKERS.
CO.,
Collections, Foreign ttxchangeand Invest¬
ment
tgeoaritlos.
MEXICO.
flanks and iBank ere.
©auadtati gatihs.
BANK
THE CANADIAN
HEAD OFFICE.
Mackay & Co.
5,000.000
OFFICE:
AND 18 EXCHANGE PLACE,
H. B. Walker. Agents
Wm Gray and
New York.
13 Wall Street.
810.000,000
NEW YORK
CO.,
&
BANKERS
TORONTO.
PAID-UP CAPITAL,
SURPLUS
No*. 10
BARING
COMMERCE,
OF
v
THE CHRONICLE.
Apr. 13 1907.|
BANKERS
Exchange.
Issue Commercial and Travelers’
Buy and Sell Foreign
Members of the New York and
BotUa Stock Exchanges. Deal
ers in Government Bonds and
other Investment Securities. In¬
allowed
deposits.
terest
on
Letters of Credit,
LONDON OFFICE.—60 LOMBARD STREET, SL CL
Bankers la Great Britaint
The Bank or England,
The Bank op Scotland,
Lloyds Bank Limited,
Union op London and Smith’s Bank. Limited.
INVESTMENT SECURITIES.
=
Continental Ex¬
f wnmetciui
Agents and Attorneys
Buy and Sell Sterling And
change and Cable H'ramli'W.
and
Travelers’ credits.
all point*.
Bankinr
Ootleadens made at
BABINS
The Bank of
ESTABROOK & CO.,
1866.
Royal Charter in
Paid-up Capital,
Fund,
15 State Street,
1840
A1,000,000 Sterling
....
460,000 Sterling
.
.
.
Head Office:
5 Graceohurch Street,
New York Oflice: 62
Geo. A. Fernaid & Co.
SECURITIES.
member* Beaton Stock
Municipal, Railway
Commercial and
Grant
Transfers;
and
Travelers’ Credits available In any part of the
world.
Issue Drafts on and make Collections In
all parts
of the United States
aad other
and Canada.
Merchants’ Bank of Canada.
HEAD OFFICII: MONTREAL.
8t>,euo.ooo
3.974.50«
NE W FORK OFFICE: OS and 65 Wall St.
W. M. Ramsay, Acrent
116 branches In the Provlnoee of Quebec, Ontario,
Manitoba, Saskatchewan, Alberta and British Co¬
lumbia. Good faeilitiee for effectiu g prompt collec¬
tions in Canada. Bay and sail Sterling Exchange
and Cable Transfers. Issue Commercial and Tray,
elers* Credits, available in any part of the world.
London Age.nl*— Royal Hank ot Heal land.
Sovereign Bank of Canada
Corporation Bonds
JACKSON & CURTIS
BAN ERRS
capital
Rest and Undivided Profits
The
AGENCY, 25 PINE STREET
STOCK EXCHANGES
INVESTMENT
SECURITIES
New York
5
GREAT WINCHESTER
Canadian
| BpeaiaL
SON,
Smithkrs, Chairman
VV. Bindley, T. Reynolds— London
64 Devonshire
street,
.
.
Boston.
T. P. Fowj/er— Nmc Yotk
Agents in America and Can¬
Trust Co. and the Bank of
INVESTMENT BONDS
THE HAGUE,
Place American Investments
213 CAMP
Wall 8t., W. U. & Lieber.
BROKERS,
STREET,
ST.,
-
NEW ORLEANS, LA.
CAPITAL PAID IN,
York Steak
SIMON BORG & CO.,
BANKERS,
1650,000
Members of Neu>
No. 20 Nassau
York Stock Exchange.
Street,
New York
-
Dealer* in
Jordaan Cohen &
Wennink,
Southern
municipal
and Real Estate
Securities
Loans
BANKERS.
presents the promise of
industrial advancement
The South to-day
PARIS.
the
greatest
H. AMY &
Porelgn Concluded on next page
CO..
High-Grade
Investment Securities
New
York
City
Bank, Trust
Stock*
Fire Insurance
43 Exchange
PJa:e
-
44
a no
and 46 Wall St., New
BANKERS,
York.
INVESTMENT SECURITIES.
.
NEW YORK
Bills ot
Exchange,
GRISC8M.
BERTR0N, STORRS &
BANKERS,
PRIMROSE & BRAUN,
Co.,
A
Te). Address, Voco.
Codes. ILirtfleld’a
k
Member* Boston and Now
Exchange*.
Real Estate, Mortgage
Securities Company
in EuroDe.
8T
BOSTON.
New Orleans
HOLLAND.
Tucker, Anthony &
S3 STATE
THOMASJLINDLEY. Secretary.
VAN OSS & CO..
33 Conorem
33 Wall Street
BANKERS
Alfred W,
The Association’s
ada are The Morton
Montreal.
B08T0N
HANKERS,
Trustees and Directors.
Lord Wklbv,
INVESTMENT
8ECURITIE8
NEW YORK
STREET. LONDON.
In England for American and
Railway and Industrial Companies.
Agent
as
8. D. Lori no,
C. Sidney Shepard,
Homer Lori kg
CO.
H. W. POOR &
19 Oongiecs Street,
Boston
1 Naaaau Street,
The English Association of American
Bond & Share Holders. Ltd.,
Acts
80 WALL 8TUR
BOSTON
MEMBERS NEW YORK AND
S. D. LORING &
ffotxijtm
NEW YORK
BOSTON
67 MILK BTHUT
71 Branches Throughont the
Dominion
NEW YORK
Exchange
BANKERS
Agents.
GOVERNMENT, MUNICIPAL AND
Buy and sell Sterling and Continental Exchange
CHOICE RAILROAD BONDS.
Cable
]
Philadelphia
Boston
Wall Street
H. M. J. McMICHAEL.1
W. T. OLIVER.
421 Chestnut St.
Congress St.
Beaten.
STREET, NEW YORK.
BROAD
24
INVESTMENT
London. E. C.
15
BANKERS,
Established in
Incorporated by
Naaaau and Pine Streets
New York
North America
British
CO., Ltd„
&
LONDON.
audExekange business of every
description LraiiPAotnrt wish Onnnda.
Drafts .and telegraphic transfers on
the Bank’s branch at COBALT. Ontario,
issued at lowest rates.
Reserve
BROTHERS
for
Letters of Credit.
Land Title
Building,
PHILADELPHIA.
,
40 Wall Street,
NEW YORK.
INVESTMENT SECURITIES*
VI
THE CHRONICLE
fftfrjetgu.
National Bank of Cuba
PHILADELPHIA.
Sundry Accounts
Total
$19,474,629 14
Deduct $200,000 4% semi-annual dividend,
January 1. 1907.
United States Depositary in Cuba.
Depositary for
Members of Phila. & N. Y. Stock Exchanges.
j VI'riS-Vat*!?!
Investment Securities
J- W. SPARKS So CO.,
BANKERS AND BROKERS
BANKERS.
Garner Chestnut and Third Sta.,
I PHILADELPHIA STOCK EXCHANGE
NKW YORK STOCK EXCHANGE
CHICAGO BOARD OF TRADE
PURPOSES
131 South 5th Street
52
PHILADELPHIA
Investment Securities
Broadway
Private Wires, N.Y.,
NEW YOBK
the Funds of the Republic of Cuba.
Wm. G.
Foreign Markets.
89 Lombard Street,
Hopper & Co.,
28 South Third
&
Bowker,
Drexel Building, Phila.
WATER WORKS BONDS
STOCK AND BOND BROKERS,
of First Class Investment Securities
for the British end
Pittsburgh, Chicago
Audenried
W. G.
HOPPKR,
H. A. IlOPPMt,.
Members of Philadelphia Stock
Exchange.
London Correspondents.
Bldg
PHILADELPHIA, PA.
DEALERS IN HIGH-GRADE UNLISTED
AND 1NAOTIVE LISTED BONDS
FOB
INVESTMENT
pay¬
D. M. MASON & CO
Purchasers
112 So. 4th St. and 100-102 Girard Trust
J
$5,000,000 00
500,000 00
263.735 22 $5,763,735 22
13.710,893 92
Total
Morgan & Co.,
BANKERS Sc BROKERS
Battles, Heye & Harrison
LIABILITIES.
Deposits
a
39
64
03
03
63
$19,474,629 14
Capital
Surplus
a Undivided Profits
CO., Ross,
Members Phila. and New York Stock
Exchanges
Interest Allowed on Deposits.
ff<w Tort Correspondent.:
3,769,9'>4
10,496,331
73.171
377 853
74,044
&
PHILADELPHIA
321 Chestnut Street.
59 $4,683,234 42
82
24
33
CLARK
PHILADELPHIA
BANKERS,
$4,135,064 83
Banks and Bankers
548,169
Bonds and Stocks Owned—
Government Bonds
$2,585,135
City of Havana Bonds
1,096,255
Other Bonds and Stocks..
8.8,603
Loans, Discounts, Time Bills, <fcc
Furniture and Fixtures
Bank Building
able
E. W.
ASSETS.
Cash—
Vaults
LXXXIV.
gatituers and grotitvs ntttsiAe Hem Unvlt.
Havana. Cardenas Cienfuegos Matanzas
Santiago,
Manzanillo. Sagua la Grande. Caibarien, Guan¬
tanamo, Santa Clara, Pinar del Rio, Caraaguey,
Galiano Street, Havana
Cuba.
GENERAL BALANCE SHEET DECEMBER 31
1906.
In
[VOL.
'
Street, Philadelphia.
investment* receive our special attention. Infor¬
cheerfully furnished regarding present
holdings or proposed investments.
Guaranteed Principal and Interest by
Ameriean Water Works & Guarantee
Company.
mation
LONDON. E. C.
JOHN H.McQUILLEN A CO.
BenJ. C. Warnick & Co.,
BANKERS
hauliers
Sc
FIRST
NATIONAL
OF
BANK
141 South 4th
MILWAUKEE.
UNITED STATES
DEPOSITARY.
Tilton,
Transacts
General
a
&
Co.,
Members Philadelphia Stock Exchange.
Representatives of Spencer Trask & Co.
BANKERS,
$5,000,000 00.
Banking Business*
Collections Given Special Attention.
Robert A. Fisher So Co.,
BANKERS AND
BOSTON.
ADAMS
7
BROKERS
Jicjcotmtatils.
227 E. German Street, Baltimore
ROSS BROS A
PROVIDENCE
MONTGOMERY
(Pennsylvania)
25
Building
PHILADELPHIA.
Wall Street Exchange
Building*
NEW YORK
Wilkinson, Reckitt, Williams
& Co.
ACCOUNTANTS
Exchange Street, Proyidence, R. I.
Weeden &
52 Broadway, New York.
18» LaSalle Street. Chicago.
HOW,
ROSE & CO.,
Certified Public Accountants
50 Pine Street
NEW YORK
Telephone 4261 John.
INVESTMENT SECURITIES.
KANSAS
I
bny
any
of the older imei of Kansas bon
D. H.
TOPEKA,
MARTIN,
-
-
-
ALBERT P
TRACTION. GAS & ELECTRIC
FINANCE CO.
or
Property and Investments
Kind in all Southern States.
of every
METROPOLITAN INVESTMENT CO.,
GEO. B. EDWARDS, President, Charleston, 8, C..
Bonds and Stocks
HARTFORO
President,
Conn., Hartford & General
Investment Securities.
Rnance Electric
Railways,
Lighting and Gas Proportion
VICKERS
!9 Wall
H.
K. TAYLOR
Conn,
Mutual
So
Bldg.
CO.,
NEW JERSEY.
&
PHELPS.
St.,
New York.
CHOICE NOTES
Circular sent
I.
Gas, Electric Lighting & Railway
11 Pine Street
We will Purchase
BUILDING
PROVIDENCE, R.
Local Securities
IfUuutxial.
JOS. B. MAYER,
MILLER Jr.
INDUSl RIAL TRUST CO
KANSAS
LARGE PROPOSITIONS PREFERRED.
THE SOUTH.
Company,
BANKERS.
TOPEKA.
Tel. 4068 Broad.
JAMES PARK & 00.,
FOR INVESTMENT
PROVIDENCE.
30 Bread Street New Yerk.
CERTIFIED PUBLIC ACCOUNTANT8
BOSTON.
New York Office, 40 Wall Sc 37 Pine
Hti.
Transact a general banking business.
Stocks and Local Securities. Private Bonds,
wires to
New York. Boston and
Philadelphia.
52 Broadway,
New York
Special Department for Bank Examinations under
LOOMIS, G0NANT& 00.
CERTIFIED PUBLIC
COMPANY
BANKERS,
CERTIFIED PUBLIC ACCOUNTANTS
the management of a National Bank
Examiner
of many years’ experience.
-
MEMBERS BOSTON STOCK EXCHANGE
Richardson & Clark.
Certified Public Accountants
&
CONGRESS ST.
BONDS
MEMBER* BALT STOCK EXCHANGE
LYBRAND,
Land Title
125 South 4th Street
‘216 E. Baltimore Street,
Baltimore.
Investment and Miscellaneous Securities a
specialty, and whole issnes handled. Exceptional !
facilities for dealing in all classes of
Southern
Bonds. Loans on Collateral Securities
negotiated. :
ESTABLISHED IN 1869.
PHILADELPHIA
BANKERS & BROKERS
Established 1867.
Members of Baltimore Stock
Exchange,
PORTLAND, OREGON.
Street,
Wurts, Dulles & Co.,
Wilson, Colston A Co.
Wilson, Colston
BANKERS,
Stocks and Bonds
104 South 4th
BALTIMORE.
William Wilson <fc Sons.
Established 1802.
Syracuse Rapid Transit
Philadelphia, Pa
HIGH-GRADE RAILROAD AND OTHER
CORPORATION BONDS AND STOCK.
Send for our Circular.
OFFICERS:
Frxd Voqxl
Pres.
IIbnrt Kloks, Cashier.
Wit. Bigelow, V.-Pres.
Oscar KA8TgN.Ast.Cash.
Fkxd. T. Goll, V.-Pre«.
K. J. Hughes Ass’t Cash.
A. W. Book, Ast.Cash.
W. C. Haas, Mgr. foreign &
Savings Dept.
RESPONSIBILITY
BROKERS,
-
Dealers In
_
Capital and Surplus, $2,500,000
Ladd &
Street,
Members Philadelphia Stock
Exchange
on
application
EDWIN R.
CASE,
DEALER IN
NEW JERSEY
SECURITIES,
15 EXCHANGE PLACE
JERSEY CITY.
Telephone 75L
APB. 13 1907
vn
THE CHRONICLE
J
gaufejers autl grobcts unlaide JXewr
JOHN
Buffalo Securities
ESTABLISHED 1863
ROBINSON BROS.,
Broker.
Banker and
IMVESTMENT SECURITIES
ROBINSON.,
Street
Stock Exchange
EXCLUSIVE PRIVATE WIRE
Members N. Y.
NEW YORK
DUNLAP,
L.
LOUISVILLE. KY.
BOUGHT AND SOLD
&
PITTSBURGH.
LOUISVILLE.
BUFFALO.
DANN
Hurfe.
New York
MILLER & CO.
Correspondent.
Wood and Diamond
Elllcott Square
BUFFALO OFFICE, 1000
J. J. B. HILLIARD & SON,
CO.,
MEADOWS, WILLIAMS &
MEMBERS NEW
YORK STOCK
EXCHANGE
DEALERS IN
SECURITIES
OTHER LOCAL
BROKERS.
BANKERS AND
INVESTMENT BONDS.
STREET
FALLS AND
BUFFALO, NIAGARA
LOUjSVILLE, ky.(
EXCHANGES
Sts., PITTSBURGH
Established 1880.
Henry Sproul & Co.,
Bankers and Brokers
RAILWAY SECURITIES
A Specialty.
Correspondents, EX.
YORK AND
MEMBERS OF
NEW
PITTSBURGH STOCK
Exchange
Member Louisville 8tock
OFFICE, 111 Broadway
Bankers,
Railway Issues a Specialty
NORTON A CO.. N. Y,
316 Fourth Ave..
-
PITTSBURGH
MEMBERS:
YORK, PHILADELPHIA. CHICAGO AND
PITTSBURGH STOCK EXCHANGES AND
CHICAGO BOARD OF TRADE.
NEW
BOWEN,
A
WOOD
LOUISVILLE, KY.
GEORGE R. TELLER,
Municipal and Corporation
BUFFALO. N. Y.
Securities
Investment
Local Stocks.
BONDS.
—
SECURITIES.
INVESTMENT
Halsey & Halsey,
LOUISVILLE.
ROCHESTER, N. Y.
BONBRIGHT & HIBBARD
100 Powers
Building.
SPECIALISTS ROCHESTER
Daily Lists Mailed on
SECURITIES
Application.
4% to 6% Bonds
GREENE
MYRON W.
Rochester Securities
DETROIT, MICH.
N.Y. Correspondents:
Otto Marx & Co.
BROKERS,
AND
BANKERS
BONDS.
AND
STOCKS
BONDS
DETROIT. MICH,
Birmingham.
a
Alabama.
*
LOCAL STOCKS AND BONDS.
New York Office;
11 Wall Street.
NASHVILLE.
R. M. FRIEND
BONDS MUN'-PAI‘
NASHVILLE STREET RY. SECURITIES
CUMBERLAND TELEPHONE STOCK
Telephone and Street Railway
Securities.
NASHVILLE.
6% REAL
CO.,
Securities—A SPECIALTY
TENN
BONDS
John W. Dickey,
BROKER,
AUGUSTA, GA.
SOUTHERN SECURITIES.
INDIANAPOLIS.
JAS. T. ELLIOTT &
SONS,
Investment Securities
Bank Bldg.
Exchange
INDIANAPOLIS
NEWTON TODD
TRACTIONS AND
LOCAL STOCKS AND BONDS.
Fletcher Bank Building,
PITTSBURGH.
Columbia Bank Bid*..
We Bay and
Sell
INVESTMENT BONDS
iNO STOCKS)
Correspondence Solicited
Municipal and Lorporation
Securities Co*
of Pittsburgh. Pa.
L. L. McClelland.
President
Sec. A Treas.
PAID-UP CAPITAL, 8200,000
SOUTHERN.
MOTTU
&
CO.
BANKERS AND BROKERS
ESTATE BONDS 6%
STOCKS AND
IN INDIANA
Members Indianapolis Stock
Co.,
&.
Stock Exchange.
NORFOLK, VA.
Hugh MacRae & Co.,
i
BANKERS,
Dealer* In Southern
curities of Erery
Municipal and Street Railway
American Nat
-
-
AUGUSTA.
Bankers and Brokers.
-
Members Pittsburgh
NASHVILLE, TENN,
WISCON3 N
J. F. WILD &
8t.,
W. J. Black
NASHVILLE, TE\X.
INDIANAPOLIS
123 E. Market
Avenue,
PITTSBURGH, PA.
& CO., THOS. PLATER & CO.,
SCHLEY
ESTABLISHED 1850
OLDEST BOND HOUSE
240 Fourth
GOULDING MARR,
roBPOHITE
•
specialty of all the Securities of
James 8. Kahn,
LANDIS BANKING CO..
MILWAUKEE
MILWAUKEE, •
a
great Pittsburgh District
INVESTMENT SECURITIES.
Steiner Brothers,
Dealer In
Municipal and Corporation
CHAS.
We make
the
STOCK EXCHANGE,
Birmingham, Alabama.
BANKERS
Llul,yu
N. Y. Stock Exchange
ROBERT C. HALL,
KELLEY, MILLER & CO.
MEMBER PITTSBURGH
MOSS & COMPANY
CHAS. SCHLEY
BROKERS,
FRICK BUILDING.
Oldest Pittsburgh Members
Investment Securities.
UnlonTrnat BldfM
STOCK
BANKERS AND BROKERS,
BANKER
W. E.
Whitney, Stephenson & Go.,
INVESTMENT SECURITIES.
BIRMINGHAM, ALA.
C New York Stock Exchange.
Membere t < Koch ester Stock Exchange.
vChicago Board ol Trade.
Established 1871.
BROKERS.
AND
BANKERS
PITTSBURGH, PA
Bonds
Indianapolis.
WILLIAM E. BUSH,
INVESTMENT
SECURITIES,
AUGUSTA, GA.
COBBBSPONDKNCE SOLICITED.
A.
Strassburger,
Southern Investment Securities.
MONTGOMERY, ALA.
Investment Se¬
Description.
WILMINGTON, N. C.,
AND
WASHINGTON, D. C.
408 Colorado Building.
Co.,
Davenport &
BROKERS,
BANKERS1 AND
RICHMOND. VIRGINIA.
Established I860.
Correspondence solicited and information fur¬
nished about Southern State, Municipal and RaD*
road Investment Securities.
Reference—Bank of New York, N. B. A.
ATLANTA
.
DARWIN C. JONES,
ATLANTA, GA.
SECURITIES,NEGOTIATIONS,
THE CHRONICLE.
Tin
[VOL LXXX1V.
ganfejetrs and grnfejevs oxxtsi&c Uteur ‘UortL
CHICAGO.
CINCINNATI,
8T. LOUIS.
Bartlett, Frazier
4% Bonds
&
4J4% Bonds
5% Bonds
A. G.
Carrington,
*5
BROAD
STREET
NEW
WESTERN UNION BLDG.
WEIL, ROTH & CO.
YORK.
CHICAGO.
STOCKS AND BONDS,
4-10 and 412 Olive
MEMBERS*.
EXCHANGE,
Tl
CHICAGO BOARD OF TRADE.
CINCINNATI, OHIO
PRIVATE
Street,
St. Louis.
NEW YORK 8TOCK EXCHANGE
CHICAGO STOCK
K39 East Fourth Street
&
SONS,
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
/(Municipal and Corporation)
EDWARDS
Broadway, NEW YORK.
WIRES.
I New York Stock Exchange,
W. E. HUTTON &
CO.,
INVESTMENT BANKERS
Bonds and Stocks of Ohio
Companies.
CINCINNATI,
Jr.&Co.,
New York Coffee
ISSUE
l90.i.
Price
Exchange.
Chicago 8tock Exchange,
Chicago Board ot Trade.
St. Louie Merchants Exchange.
Due July 1. 19Jo.
102H-
■*—-
DEALERS IN
Investment Securities.
New York Produce Exchange.
Barney & Smith Car Co. 5% 1st Mtge. Bonds
Dated July
EDGAR FRIEDLANDER
FRANCIS, BRO.&CO.
214 N. 4th
BROKER AND DEALER
CINCINNATI,
.
OHIO.
.
WHITE, WAGNER
COLUMBUS
CO.,
&
in
Exchange,
Exchange,
Chicago Stock Exchange.
St.
Yielding from 4% to 5%, which
are
all Markets
be available
DENVER. COL.
as
collateral.
Investment Securities.
Cor
W. B. McKeand A Co.,
Municipal and Corporation
The Raokerv
WHITAKER &
BONDS
Investment Securities
Special Attention to St. Louis Securities
SEATTLE, WASH
PRICE,
A. G. Becker &
and Corporation
BONDS
HANK
STOCKS
COMMERCIAL
MORRIS BROTHERS
WELLS
DICKEY CO.
307 North 4th
ST.
MUNICIPAL and CORPORATION
BONDS
GEO.
'*
PACIFIC
COAST
SECURITIES A SPECIALTY
ST. LOUIS
G. H. WALKER & CO.
BOKDD
Municipal and Corporation
ur
&
300 N. 4th ST.
MINNEAPOLIS, MINN.
PHILADELPHIA
PORTLAND
private wires to
PRINCIPAL MARKETS
Sts., Chicago,
MINNEAPOLIS.
in^vrn —1~»—i—i~»~i—-*y
WWvw
PAPER,
8, W. Cor. Monroe & La Salle
PORTLAND. ORE.
iM»WV-tr»
Co.,
(INCORPORATED.)
Banker Sc Broker,
Municipal
CO.,
Chicago.
GROUND FLOOR EQUITABLE BUILDING
E.
Stock
respondence invited.
William E. Sweet & Co.,
JOHN
IiOnl*
suitable for the investment
of trust funds and would alwavs
EXCHANGE
STOCK
Member* New York Stock
cipal and Corporation Bonds
BONDS
Miscellaneous Securities
HERBERT
amounts of Hitrn Grade Muni"
Street,
ST. LOUIS.
We have at all times lar^e
COLUMBUS
STOCKS AND
Ni°ck1E*cl,^n«*/
Louis Stock Exchange.
L'n
Chicago
Board ot Trade.
CHICAGO, ILL.
New Verk
voru shock
8tock Exchange,
J&xckauge,
New York Cotton Exchange.
tl ember st
NEW
)
(
STOCK BROKERS,
Successors to TO. SLAUGHTER & CO.
139 MONROE STREET,
OHIO.
.
-
A. O. Slaughter
tl embers!
Commercial
B
MpmhprR
jnemuerB
Street,
JLOU1S, MO.
1New York Stock Exchange,
(Louis Stock Exohange.
LANE,
DEALERS IN
and Investments. Government Bonds and other
Paper
MINNEAPOLIS,
•
-
MINN.
Investment Securities.
LOS ANGELES.
CLEVELAND.
CALIFORNIA BONDS
KANSAS CITY. MO.
Municipal, School District and Corporation
THEY PAY A BETTER RATE OF INTEREST
THAN BONDS OF THE SAME MERIT ISSUED
IN THE EAST
Hayden, Miller & Co.
Investment Securities
Correspond with us
A dams-Phillips
Co.
H. P.
Wright Investment Co.
;aMMsl
1885
Established
Municipal^and
jk nc Corporation
ISONfDS
CLEVELAND, O.
Citizens Building.
LOS AKUELGS, CAL.
Missouri and Kansas Securities
a
Specialty
Monthly Ot/erings Sent On Request
WM. R. STAATS
CO.,
CALIFORNIA MUNICIPAL,
AND CORPORATION
SCHOOL
BONDS
TO
NL.
4
TO
0
PER
Bought
PASADENA
in vesthemx
CO.,
secuhities,
MEMBER LOS ANGELES STOCK
W
Sold.
J. HAYES &
CLEVELAND, OHIO.
J. STILSON
LOS
and
f K. 0.
CENT
LOS ANGELES
FIELDING
MUNICIPAL AND
ORTHWEIN, McCRUM INVESTMENT
PUBLIC FRANCHISE CORPORATION
COMPANY
BONDS
Kansas City. Mo.
ANGELES,
EXCHANGE
SONS,
IN
BOSTON, MASS.
Emery, Anderson & Co.,
INVESTMENT BONDS.
Garfield Building
dealers
CLEVELAND, O.
Ry. & Light Securities
J
Local Bank Stocks
(
Kans & Mo MuniCTsal Bonds
OTTO JULIUS MERKEL
44
AND
46
BROKER
ST., NEW
WALL
YORK.
INVESTMENT SECURITIES.
Corrwpouaene* inns a
Ape. 13
j&leck ^scftattge gouses.
Jteur
T. A.
McIntyre & Co.,
71
Special Partner
Harris,Winthrop& Co
Stocks, Bonds and Grain
Liverpool Cotton Association.
New York Coffee Exchange.
New York Produce Exchange
Chicago Board of Trade
MEMBERS
Members
Orleans.
25 Pine Street
240 La Salle Street
NEW YORE
OHIOAGO
Offices, 516 Fifth Avenue
Delmonlco’s and 305 Broadway
PRIVATE
Branch
Robert H. simpeoa
EFFINGHAM LAWRENCE & CO.
NASSAU STREET
Exchange.
.
WIRES
C. I. HUDSON A
Member* of New Tork and Chicago Stook
CORNER WALL.
PRINCIPAL CITIES.
JOHN H. DAVIS & CO.,
BANKERS AND BROKERS.
NO. 10 WALL STREET,
Members N. Y. and Phila. Stock Exchanges.
Order* for 8tooks and Bonds executed upon all
Exchanges In this count ry and Europe.
Especial attention given
supplying high
INVESTMENT SECURITIES
Interest Allowed on
class
Deposits Subject to Check
STOCKS, BONDS AND
Syracuse, N. Y.
Schenectady, N. Y.
Troy. N. Y.
Utica, N^ Y.
Cincinnati, O.
Cleveland, O
Dayton O.
Detroit. Mich.
Erie, Pa.
Exchange*
Montreal, Can.
HARR1MAN& CO.,
CO.,
TRINITY
BUILDING. NEW YOKEL
BANKERS AND BROKERS,
Transact a General Banking and Stock
Business. We make a specialty
Exchange
of
Investment Securities.
Miscellaneous Securities
iu all Markets.
BRANCH OFFICE. NIGHT«fc DAY
5‘J7 FIFTH AVENUE.
BANK,
Newport Office: Audrain Building.
A. M. KIDDER & CO.,
FBI VATS WIBES TO PBINCIPAL CITIE8
BANKERS,
Newburger, Henderson & Loeb,
18 WALL STREET, NEW YORK.
Established 1865.
MEMBERS OF NEW YORK STOCK EXCHANGE.
Allow interest on deposits subject to sight check.
Member* of the N.Y. and Phila. 8tock
CO.,
Exchanges
New York
Broadway,
527 CHESTNUT ST.,
Bankers
Buy and sell on commission
deal in
spooks and bonds, and
RAILROAD BONDS
GUARANTEED STOCKS.
PHILADELPHIA
STOCKS-BONDS
CHARLES FEARON & C0.f
Chas. Fairchild & Co.,
BANKERS,
326 Walnut St., Cincinnati
Bank and Trust Co. Stocks
Member* N. Y. (Stock Exchange
57 BROADWAY
NEW YORK
-
-
Telephone 2240 Rector
LADD & WOOD,
Members Mew York Stock
BRANCH OFFICE
Hotel
Stanley D. MoGraw
INVESTMENT SECURITIES.
William M. Vanoe.
7 WALL STREET.
ALLEN, McGRAW & 00.,
24 Broad Street. New. York.
Wilson, Watson & Herbert,
Howard
NEW YORE.
Lapsley & Co.,
15 BROAD STREET, N.
Transact
a
Y.
General Banking and
XXJUNTSOF BANKS A BANKERS SOLICITED.
INTEREST ALLOWED ON DEPOSITS.
Private Wlree to Cincinnati and Ohioago.
Broach Office. 500 Fifth Ave.
Wm. Fahnestock, Memo.
N.Y. Stock Ex.
BANKERS
A
COMMISSION
MERCHANTS
33 Wall Street New York.
13 Exchange Place.
INVESTMENT
New York.
R. J. JACOBS &
Orders Exeouted for Cash or on
WEBB
11 Wall Street, New York.
MEMBERS NEW YORK
Margin
STOCK EXCHANGE,
Securities Bought and
mission.
Sold on Com¬
Parkinson & Burr,
stock
brokers.
53 STATE STREET.
7 WALL STREET,
NEW YORK.
BOSTON.
Members of New York and Boston Stock Exohang—
Private wire between the two offloes.
Information given in regard to all Boston Securities
and quotations furnished.
Jas. H. Olipbant & Co.,
J
BANKERS AND BROKERS,
20 Broad Street,
New York.
.
.
JAS. H. OLIPHANT
FLOYD W. MUNDY
J. NORRI8 OLIP1UMT
ALFRED L. NORRIS
Member* New York Stook Exchange.
W. ft. THURSTON.
&
CO.,
O. J. BRAND & CO.
Members New Yerk Bteek
INVESTMENT
securities.
Exchange,
74 BROADWAY.
INVESTMENT SECURITIES.
74 BROADWAY,
INVESTMENT
SECURITIES
Stock Exchange.
Campbell & Co.,
H. G.
0. J. BRAND,
CO.,
STREET.
KXCHANG*
Edwin P. Campbell,
Henry G. Campbell,
SECURITIES
IffiuauctaL
ORDERS EXECUTED
For Investment or oa Margin
NEW YORK
Telephone N0.866 Rector
STREET.
STOCKS, BONDS and INTESTMENTS,
CO..
18 WALL STREET,
SECURITIES.
BANKERS,
Successors to
8. F. JOHNSON ds
R. T. Wilson & Co.,
Ex-Norton, Mem. NY. Stock Ex. Gao. F. NoaroN
No. 57 Broadway, New York City
Members New York 8took Exchange
Members N. Y.
YORK.
Co.,
BOODY, McLELLAN&OO.,
41 NEW
NEW
BROADWAY.
EX. NORTON & CO.,
BROKERS AND DEALERS IN
2 WAUL
74
R. b. Dodson.
Fahnestock &
INVESTMENT
Goadby & Co.,
BANKERS ANJD BROKERS,
NO.
F. Tatlob
GRAHAM, TAYLOR & CO.
Stock
Exchange Business.
T. J. Mumtobd,
H.
PHILADELPHIA
MEMBERS NEW YORK STOCK
N. Y. Stock Exchange.
W.
-
Branch Office. Troy N. Y.
INTEREST ON BALANCES.
Bldg.,
York Stock Exchange
PMladelphla etook Exchange
Jas. Lorimer Graham
Henry
Wm. Sharp Lxggktt
Members
Members N. Y. Stock Exchange,
Hanover Bank
J
Empire, 63d Street and Broadway 383 Chestnut St.,
Robert H. Allen.
Margin.
4 New
Members :
Exchange,
Orders Executed for Cash or on
Orders Executed on All Leading
Stook Exchanges.
BROAD STREET
29 WALL STREET AND 3
A
Postal Telegraph Bldg
BRANCH OFFICES
Waldorf-Astoria, N. Y. C.
Williamsport. Pa
Wllkesbarre, Pa.
Flatiron Building, N.Y.C.
Scranton. Pa.
2 East 44th St., N. Y. C.
St. Louis, Mo.
Buffalo, N. Y.
Telephone 3070 John.
100
P. J. G00DHART &
Exchange
IN
MISCELLANEOUS SECURITIES
IN ALL MARKETS
Private wires to principal cities.
Tel 5555 Bro
NEW YORK.
Nos. 34-36 WALL 8T„
Trade and
of
Board
Stock
and Cotto
Stock
York
DEAL
Telephones 4255-4166-4267 Rector.
PRIVATE WIRES TO
New
Chicago
Exchanges,
Railway Exchange Bldg.
Chicago Board of Trade
Chicago Stock Exchange
CORRESPONDENCE SOLICITED
Members New York Stock
the
of
CHICAGO. ILL.
Exchange
New York Stock
Direct wire connection Boston,
Kiting ham Lawrence
BROAD STREET
30
Partners
Cleveland
New York Stock Exchange.
New York Cotton Exchange
New Orleans Cotton Exchange
Chicago, and New
BROWN & CO..
A. O.
JOHN F. HARWIS
,
> General
H. r. winthkop,
T. K. CUNNINGHAM)
J. A. riplky,
BROADWAY
MEMBERS:
1
IX
THE CHRONICLE
1907.J
•X. Gr.
BONDS
LOANS
NEW YORK
BANK AND TRUST
COMPANY STOCKS
Zachry & Co,
BANKERS, 46 Wall St.. New York
J
S. & R. D. FARLEE,
MEMBERS NEW YORK STOCK
EXCHANGE.
BROKERS AMD DEALERS 1M
INVESTMENT
SECURITIES
11 WALL STREET.
MEW YORK
X
THE CHRONICLE,
©urrrm jRotua
[VOL.
LXXXIV.
Inquiries
Missouri Kansas & Eastern 1st 5s ,1942
S. A. L., Atlantic &
Birmingham Div. 4s, 1933
Pittsburgh Terminal Ry. & Coal 5s, 1942
Brief
facts concerning these bonds:
An ABSOLUTE FIRST MORTGAGE at a
moderate rate per mile upon one of the
I.
most
Toronto Hamilton & Buffalo 4s, 1946
Important parts of the M. K. & T.
System.
II
Lexington & Eastern, Genl 5s, 1935
St. Joseph & Grand Island 4s, 1947
New Mexico Ry. & Coal 5s, 1947
Washington Terminal 3%s
New York & Jersey 5s, 1932
Pere Marquette Refdg. 4s
The total Issue is outstanding and no more
of the bonds can be put upon the market
by the company.
This naturally tends to
strengthen the position of the security.
They still have thirty-five (35) years to run,
III.
do not carry a high premium and yield a
liberal
ret turn
for
an
UNDERLYING
FIRST MORTGAGE BOND.
They are listed on the New York Stock Ex¬
IV.
change, where they always have a ready
market, and they can be purchased to-day
at an extremely attractive figure.
Write for price and further particulars
Central Vermont 4s, 1920
G. W. W alker A L<».
BAItkUK.
Telephone
3946
F.
J. LISMAN & COMPANY,
Member* N. Y. Stock Exchange
BROAD
Broad »i.
New Yer**
NEWBORG & CO.,
SPECIALISTS IN STEAM RAILROAD SECURITIES
30
id
Broad
44 <fc 46 BROADWAY. N. Y,
STREET, NEW YORK.
45 NEW STREET.
Members New York m'ock exchange.
Land Title & Trust Co.
Building PHILADELPHIA
Boulevard, CHICAGO
Connecticut Mutual Building, HARTFORD
169 East Jackson
404
Short-Term Notes
New York
City Bonds
Allts-Chalmers 5s, 1936
LIB BEY & STRUTHERS
Railroad Notes
at the Market
‘
30 Broad Street
Deal in
Indianapolis & Vincennes 7s
r
A. LISMAN &
A
CO.,
26 Broad 8t.
stock markets.
Telephone, 6 .'45 Broad.
Jeff. Mad. & Ind. 2d 7s
Central Pacific
Equitable
&
BORDEN
Cable Address:
“NBWROSH.”
Circular just issued oh active
bonds and notes will be for¬
warded upon request..
3Js
Erie Consol. 7s
PROCTER
Bonds, Stocks and Investment
arbitrage
European
-
Central It It. of New Jersey 5s
New Yoik & Long Branch 4s
Specialists in Uncnrrent Issues.
TcL 6950-1-2 Broad.
Scrip.
Securities and transact an
business with the principal
New York
Issues”
All
Wabash New 4* and
Buffalo &
Susquehanna Pfd.
Westinghouse Conv. 5s
Building, New York.
Harcshorne, Bogert & Battellb.
Members New York Stock Exchage.
26 Broad
;
ATLANTIC
3-Year
!
Dated
COAST
Steet,
160 St. James Street,
Montreal, Canada.
New York.
LINE
UNION TYPEWRITER
6% Gold Notes.
March, 1907.
Due March,
1910.
Price, Market ; to net over 5% %
Telephone No. 5480-1-8 Broad
Thomas L. Manson & Co.
STOCK BROKERS
MATURING
The bond market
now
portunities to Investors.
Wadsworth &
BONDS
affords unusual op¬
Send for
Wright,
Members N.Y. and Boston Stock
71
Members New York Stock Exchange
our copy-
Broadway,
NEW YORK
Tal. 3500 Roctor
lighted book
“INVESTORS’ MATURING
with comparative
kond buyers.
-
Exchanges
April list of offerings sent
Lincoln &
Investment Bankers.
on
2 Wall Street.
BONDS,”
tables—a useful book
Private Wires to Boston.
Hartford, New Haven aatf
PuLndelphia
application.
WANT
NORFOLK & WESTERN
Company
Conv. 4s
18 Wall St., N. Y
New York & Jei *sey 5s
Pere Marquette Ref. 4s
Terminal of St. Louis 4s
Artesian Water (Memphis) os
June, 1932.
Northern Central 5s, 1920.
Illinois Steel Deb. 5s, 1910.
C. B. & Q., Ill. 4s, 1949.
Term. Ass’n of St. L. 43:>s, 1939.
Balt. & Pot. Tunnel 6s, 1911.
Hastings & Dak. 7s. 1910.
Rhoades
Republic* of Cuba Internal 5s
X. Y. & Greenwood Lake 5s,
&
Company,
7 Wall St.f Corner New
St. Louis Iron Mt. & Southern 5s
St.f
&
1916.
COMPANY,
BONDS
31 Pin© Street, New York.
Tel. 6 I 00- I-2-3- t-5 Joint.
Telephone 11.15 Rector.
American Soda Fountain Stocks
18 Wall St., New York
BAKER, AYLINC
COFFIN
NEW YORK.
BECKER & STERLING,
Tel. 985-986-1187 Rector.
Cable Add. **Beckster,”
NEW YORK.
for
Kirby Lumber Stocks
New England Brick Yard 5s & Stock
City of Austin (Texas) 4s and 5s
Kansas City (Mo.) Gas 5s
&
COMPANY
Dealer! in Unlisted Inactive Stocks and Bondi
F.
W.
MASON
&
CO.,
5 t State St.. BOSTON. MASS.
Investment Bonds
Land Tlllc
Building
PHILADELPHIA
50 Congress Slreet
BOSTON
N. Y. City 4s & 3}^s.
Buffalo & Susquc. 1st 4}<>'s, 1953.
Cuban Gov. Internal Gold os of 1899.
Det. Toledo & Ironton5s notes, 1908.
Southern Ry. Develop. 4s, 1950.
M.
DESCRIPTIVE CIRCULARS SENT OK APPLICATION
WOLFF,
Cable Add, “MOWOLF” 27 William St., NY
Phones: 6557-6558-6559 Broad
THE CHRONICLE!
Ape. 13 1907.
©uevent
HAlV>V»V,‘
$oud Inquiries.
5692108—-Ceohnmsta.pke
New York &
Hudson
Exempt Corporate S:ock
For the investment of funds liable to taxation by the City of New York, there Is no
security equal to this that will yield anywhere near so large an Income.
Government bonds, owing to the demand by National Banks, no longer yield an ade¬
quate return, as they sell at about 1 % % income basis.
The obligations of the City of New York are. In our opinion, beyond any question
safely secured.
It seems but reasonable to expect an advance in price when the demand for money
from commerce and manufactures slackens, and such securities as the above should be
among the first to reflect such a shange.
Edison Electric Ill. 1st 5s.
New Amsterdam Gas 1st
Fisrt
20 BROAD
Ashmore, Lutz & Hitchcock
Georgia Midland 1st Mortgage 3s, 194®
Norfolk & Western Ry. Div. 4s, 1944
Consolidated Indiana Coal Co.1st Mort.5s,1933
Waterbury Co. Common
Sutton, Strother & Co.,
BANKERS AND BROKERS,
South Calvert Street,
LEONARD F. HEPBURN, Broker
Bonds and Stocks
Exclusively."
Public Service Corporation
i^WILL BUY:
42d St., Manhattanville & St.
las Ave. 2nd Inc. 6s 1915.
Kansas
A
Nicho¬
Cityj[(Mo.) Gas 1st
Tel. 3785-3786 Rector
E. Pbilbflck
os, 1922.
20 New St., N.Y.CIty
J.Wllkt Hall
following properties.
-
-
-
DEALERS IN
Correspondents: Edward B. Smith & Co,
Members N. Y and Phila. Stock Exchange!
1908 Manual of Northeastern Pennsylvania
Securities, Now Out, Mailed free on Request
Our
Co.,
MECARGEL & CO.
BONOS of Public Service Cor¬
porations .carefully
for
conservative
TO
NET
:*0 Pin©
494%
selected
BANKERS
investment
to
694%.'
NASSAU ST.,
5
New York
Street,
S. C. HENNING &
Telephones
NEW
j
YORK.
Rector
CO.,
BONDS
Louisville.
FOR
INVESTMENT
MEMBERS NEW YORK STOCK EXCHANGE.
New Orleans
Exchange
Tel. 4301-8 Broad
Members New York Stock
Ry. & Light Securities
Springfield Ry. & Light Securities
^pecialiala In
Northeastern Pennsylvania Securities
International Traction of Buffalo and
other Traction Securities
WANTED
A. N. CHANDLER & CO.
Carnegie Trust Co.
HIGH-GRADE BONDS
•FOR SALE:
Citizens’ Central Nat. Bank
Omaha Water Co.^Consl’d 5s
Fort Smith (Ark.) Water Co.
Jester &> Co.,
6s
27
Appleton (Wis.) Water Co. 5s
Randolph Water Co. 5s
Metropolitan Water Co. 4s
H. C. SPILLER &
FINK
STREET,
YORK.
CO.,
Connecticut Railway
& Lighting Co.
CO.,
20 Broad St.
N
Y.
55 William Street
Bank Stocks
Trust Company Stocks
Insurance Company Stocks
Guaranteed Stocks
GEO. P. B1SSELL,
Philadelphia. Pa,
Dealer In Unlisted Securities of Railroads and other
Corporations Id tne United States and elsewhere
St. NewYorb,
LEONARD
66
20 Broad St.
SNIDER,
402 Land Title
Building, PHILADELPHIA
N. Y.
St.*Louis^& San F. 4^s, 190S.
Montana^Central 6s.
Louisville & New O. 1st 6s.
Winona
St. Peter 7s.
American Invest. Sec’s Stock.
Minn. & St. Louis Cons. 5s,
INVESTMENT SECURITIES
E. C. Stanwood 6c Co.
BANKERS.
96 MILK STREET
Rosen, Stillman & Co.,
members N. Y. Stock Exchange.
Pine Street, New
Tort city
Tel. 4640 John
BOSTON
6s, 1911
Broadway, NEW YORK
C. L. PARMELEE & CO.,
Rector
GAS
E.I.duPont deNemour P. Co. prd.& com .stocks
Am. Vulcanized-Fibre Co. pfd. & com. stocks.
U. S. Steel 1st 5s, 1951
Utah Lt. & Power 4s, 1930
Staten Island Water Supply
FREDERIC H. HATCH,
30 Broad
RAILROAD,
Burlington (Iowa) Ry. & Light Co. 5s
118 Houth Fourth Bt,
Inactive Railroad Issues
High-Class industrial Issues
TeL 6320 Broad.
5%
BONDS, AT PRICES TO ^
3KAT0^5J4%. List upon Application
WATER
Gas & Electric Co. 5s
Kingston Gas & Elec.5s(Guar.by Amn.GasCo.)
INQUIRIES INVITED
Chicago Indianap. & Louisv. 5s & 0s
Louisville New Albany & Chicago 6s
Westchester Lighting Co. 5s
New York & Jersey 5s
BOURSE
Green Bay
WILLIAMSON,
Telephoned 50J hu
THE
PHILADELPHIA
Consolidated Gas Co. of New Jersey 5s
Securities
W. A.
MORTGAGE
FIRST
AND
NET
Equitable Gas L. Co. (N.Y.)lst 5s
New York & E.R. Gas Co.(N.Y.) 1st 5s
Westchester Lighting Co. 1st 5s
Tel. 1985-6 Rector.
NEW
Keston.
PATERSON &
BROADWAY
NEW YORK
TELEPHONE 237 JOHN.
Specialists in Inactive Bonds,
-
BANKERS.
Ill
Austin, Texas, 4s & 5s
Tel. 910-1
PA.
HIGH GRADE BONDS
C. & O. and N. & W.
& Ohio Dividend
New York.
BANKERS & BROKERS
27 Slate Street
SCRANTON
& Ohio
Northeastern Pennsylvania Investment
B. & O., C. & O. and N. & W
Securities
E. Tworger
PHILBRICK & HALL
45 Bioad Si.. N. Y.
CO.,
BANKERS
Members of Baltimore Stock Exchange.
**
From time to time we make studies of railroad
and Industrial properties for the benefit of our
clients.
We will upon application send our circular! on
A H. Bickmore &
BALTIMORE.
&
BANKERS,
of Ga. Income Bonds.
Specialists \ Waterbury Co. Preferred
104
BROOKS
SCOTT & STR1NGFELL0W
the
NEW YORK
PHILADELPHIA
RICHMOND, VA.
Potomac Electric Power Co. cons. 5s, 1936
Union Steel Co. 1st Mortgage 5s, 1952
WHITE, Jr.,
ST.,
Banker* Sc, nroker.
Tel. 2072-3-4 Bd
<25 Broad St.
YORK
5s.
con.
Nat.Bank, New York, stock.
BANKERS
25 BROAD STREET. NEW
County Gas 1st 5s.
GEO. C
Pfaelzer & Co.
BOSTON
Jersey 1st 5s
Missouri Kan. & Okla. 1st 5s
3J4% and 4%
Gold Tax
» «ft^»AAA<V
»•«««»« ** **»^AAAAAA^AAAA^A^* *»>»
NEW YORK
CITY OF
ii
THE CHRONICLE,
XIl
[VOL. LXXXIV.
ffitraticial.
fffcmmctal.
inequitable
O’CONNOR & KAHLER
BANKERS
TRUST COMPANY
49 Wall
OF NEW YORK
NASSAU
15
<
WANTED OF
OFFERINGS
Southern and Western Municioal
Surplus $10,000,000
KRECH,
W.
York
STREET
Capital $3,000,000
ALVIN
Street, New
President.
LAWRENCE L. GILLESPIE. Vice-President.
FREDERICK
LYMAN RHOADES JR.. Assistant Secretary.
HUGH M.
W.
BONDS
FULLE, Sec. and Treas
Assistant Treasurer*
WALKER
TRUSTEES.
C. F. Adams 2d
John F.
C.
Frederick
H.
B.
Alexander
M.
Fulle
W.
Lawrence L.
Alexander
b.
H.
Hugo Baring
P. R. Coudert
T. H.
Paul
Winslow
Dryden
S.
Pierce
H. H. Porter
Hubbard
J.
Bradlsb Johnson
V; P. Snyder
Otto H.
Gage B. Tarbeil
T. DeWitt Cuyler
Alvin W.
William
L.
F.
D.
H.
Cravatb
A.
Day
Henry C. Demlng
M
Hartley Dodge
Paul
Kahn
Krecb
Sir William C.
H.
Force
Moffat
M.
issue
4% REGD. GOLD BONDS
MATURING
Van Horne
NOV
1956
Walker
George T.
Morton
Ralph
new
Henry Smith
W. H. Crocker
D.
NEW YORK CITY
Henry S. Redmond
Lyman Rhoades Jr.
Gillespie
Harriman
Henry
Wilson
Rogers Wintbrop
T. W. STEPHENS &
Peters
2 Wall
Street, New York.
BALTIMORE
Public Accountants,
Certified
NEW
Safe
(III.)
CHICAGO
Continental Building.
Jones, Caesar, Dickinson,Wilmot & Co.
We
YORK
Investments
First' Mortgage, Railroad and
Corporation Bonds yielding
4&% to 6%
Write for circular
LOUIS
ST.
Stock
SEATTLE
People’s Bldg.
MELBOURNE
LONDON
MEXICO, D. F.
[ENGLAND]
307
Apartado, 1403
Epler Block
3 Fredericks
A. B. Leach & Co.,
28 State
421
Chestnut
St,, CHICAGO
St., BOSTON
St.,
[AUSTRALIA]
William R. Compton
Bond & Mortgage Co.
PHILADELPHIA
Send for latest circular
New York, Chicago, St.
Scaring & ©a.,
T Wall
Louis and
WILLIAM
R.
COMPTON, President.
Building
Investment Securities
SECURITIES.
BAKER & VAUCHAN,
BANKERS AND BROKERS
FIRST MORTGAGE GOLD
Gas Bonds
20
Insurance Co.
MARKETABLE
BOND HOUSE OF
H. P-
Taylor & Company
We
20 Broad Street
-
-
Bay
Pittsburgh Coal Co. 1st 5s, 1954
41-43 Wall St.
Issues Gauranteed Contracts
CO.,
Will
STANDARD AUDIT CO.
IN THE CITY OF NEW YORK
SECURITIES.
W. E. R. SMITH &
NEW YORK
BROAD STREET,
24S Fourth Avenue, PITTSBURGH
BONDS
UNLISTED
Railroad, Street Ry.t Gas & Elec. Light
1907
1850
The United States Life
ALL
St., New York.
4 Warded
BANKERS
AHD
HOOENPYL, WALBRID6E & GO.,
7 Wall
Kansas City references
NEW YORK
Street
27 AND 29 PINE ST. NEW YOaK
421 Chestnut St., Philadelphia
MACON, MISSOURI.
School, City, County and Drainage
Our list gives a wide selection of
many attractive issues in sizes of
$2,000 to $100,000.
Opinion Chicago counsel, full legal
papers furnished
We buy direct and handle nothing
on brokerage
Close buying, large volume and small
profit make our offerings attractive
Co.,
BANKERS.
9 Queen Street
MISSOURI MUNICIPAL BONDS—
149 Broadway, NEW YORK
140 Dearborn
Place, E. C.
Barnum &
Lawrence
(Established In 1880)
BANKERS,
giving full description
PITTSBURGH
SAN FRANCISCO
Monadnock Bldg.
Exchange Bldg.
1st Nat. Bank Bldg.
offer
54 WILLIAM STREET
CHICAGO
Tribune Bldg.
CO.,
43-49
Exchange PI.
NEW YORK
PERLEY MORSE
JOHN P. MUNN, M.D., President.
New York..
Pres.)
HENRYC DAVIS,Secy.
$
Certified Pllbl
C
ACCOUJltailtS
Telephone 2269 9270 Broad
Finance Commit tea
Loath*
JAMES B. PLUM
JAMES TALCOTT
OLABENCB H. KELSEY. Pree. TtUe Goar. A Tr. Oo.
Manufacturers* and other Accounts
Solicited and Flnanoed
experienced in life insurance
or not, may make direct contracts with this Com¬
pany, for a limited territory If desired,and secure
for themselves. In addition to first year’s comm Is slon, a renewal Interest Insuring an Income for the
future.
Address the Company at Its Home Offloe,
Banker and Oommlulon Merchant
SALES CASHEL
Equitable Interest Allowed on Deposits
108-MO Franklin St., NEW YORK
WM
PORTER..-Pree. Chemical
H.
National Bank
Knox,
Wallace & Co.,
Members N. Y. Stock Exchange
Good men, whether
.
No. 277
Broadway, New York City.
30 Broad Street,
Transact a
New York
General Commission and
Investment Business in Securities
THE CHRONICLE
1907.]
Ape. 13
ffiimuciaL
gtuidcnds.
STE.
PAUL & SAULT
ST.
MINNEAPOLIS
MARIE RAILWAY CO.
Minneapolis, Minn., March 16, 1007.
DIVIDEND NUMBER EIGHT.
A Semi-Annual Dividend of THREE AND
ONE-HALF PER CENT has been declared on
the Preferred Stock of this company, payable out
of the surplus earnings of the calendar year 1906;
and a Semi-Annual Dividend of TWO PER
CENT on the Common Stock of this company,
payable out of the surplus earnings of the calendar
year 1905; both of said dividends to be paid on
Monday, April 15th, 1907, to all stockholders of
record at three p. m. of Friday. March 29th, 1907.
CHAS. F. CLEMENT,
THOS. LOWRY.
President.
Sec’y & Treasurer.
OFFICE OF READING COMPANY.
Philadelphia, April 11. 1907.
The Board of Directors have declared from the
net earnings a dividend of 2 per cent on the
Second Preferred Stock of the Company, to be
paid on May 10. 1907, to the stockholders of
record at the close of business April 28, 1907.
Checks will be mailed to stockholders who have
filed dividend orders with the Treasurer.
W. R. TAYLOR, Secretary.
RAILWAY.
DETROIT UNITED
Detroit, Mich.,
March 20. 1907.
regular quarterly dividend of 1 14% on the
capital stock of this Company has been declared,
The
payable May 1, 1907. Checks will be mailed to
stockholders of record, payable at the office of
Kean, Van Cortlandt & Co., New York.
Transfer books will be closed from Monday,
April 15th, 1907, at 3 p. m., until Thursday,
M!ay 2, 1907, at 10 a. m.
G. H. RUSSEL, Treasurer.
OKLAHOMA GAS & ELE0TEI0
PREFERRED STOCK DIVIDEND.
Foreign Travel
travelers’
telegraphic code for the
near
the Bank of England, reoeives and forwards travelers’ mall and is thoroughly
equipped to transact any business of the Company.
The Guaranty Trust Company's enormous boslness in foreign exchange and
commercial credits—nearly one thousand million dollars in 1906—has made its
name thoroughly familiar in Great Britain and on the Continent and should
recommend its letters of credit to intending travelers.
The Guaranty Trust Company desires to lnorease the volnme of its travelers’
Trust Company Issues travelers’ letters of credit and
cheques available In all parts of the world. A special
une of travelers is provided.
The London Office, conveniently situated
The Guaranty
oredlts and invites correspondence upon
write for
the subject.
special booklet “D.”
Trust Company
Guaranty
OF NEW YORK
ooo,000
capital
Deposits”IIIIIIIIIIIIIII45)460^879
28 Nassau Street, New York
33 Lombard Street, E.C. London
CO.
cent
Company has
12th, 1907.
record at the close of business
A dividend of one and one-quarter
upon the preferred stock of this
been declared, payable by check April
shareholders of
April 10th, 1907.
'R. J. GRAF, Asst. Sec. and Asst.
to
SAN
DIEGO CONSOLIDATED
ELECTRIC COMPANY
per
Treas.
GAS &
PREFERRED STOCK DIVIDEND.
A dividend of one and one-quarter per cent
upon the preferred stock of this company has
been declared, payable by cheque April 12th,
1907, to shareholders of record at the close of
business April 10th, 1907.
R. J. GRAF, Asst. Sec, and Asst. Treas.
Office of the
EAST ST. LOUIS & SUBURBAN CO.
April 11th, 1907.
The Board of Directors has this day declared
the regular quarterly' dividend of ONE AND
ONE-QUARTER PER CENT (1 VA%) on the
Preferred stock, payable May 1st, to stockhold¬
ers of record at the close of business April 15th
1907.
G.
L.
ESTABROOK, Secretary.
THE INTERNATIONAL BANK,
COMPANY.
60 WALL STREET.
N. Y.
The regular quarterly dividend of ONE AND
ONE-QUARTER PER CENT (1 M%) on the Capital and Surplus,
$600,000
.
Preferred stock of the Electric Bond & Share
Deposits,
.....
1,750,000
Company has been declared, payable May 1st,
1907, to stockholders of record at the close of
business April 16th, 1907, on which date the
Individual and Commercial Accounts Invited
transfer books will close, and re-open May 2d,
ELECTRIC BOND & SHARE
New York,
1907.
H.
M. FRANCIS,
Secretary.
Office of the
DOCK COMPANY.
New York, March 22d, 1907.
The Board of Directors has declared a dividend
of TWO PP1R CENT on the Preferred Stock of
this Company, payable April 15th to stockholders
of record at the close of business on April 1 1907.
GEO. E. SPENCER
Treasurer.
Facilities Afforded for
Foreign and Domestic
Transacting
Business . .
NEW YORK
For
other
dividends
see
SAUNDERS & JONES
April 1, 1907.
page
xiv
DEPOSITS
INTEREST PAID ON TERM
THOS. H. HUBBARD. President.
JAMES S. FEARON. Vice-President
JOHN HUBBARD.Vice-President.
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINCOTT, Asst. Cashier.
Connecticut Traction Bonds
35 WALL
Bond House,
dealing
In Municipal Bonds.
Have had experience
confidential
References
Correspondence
furnished. E. C. M.. care Commercial and
Financial Chronicle. P. O. Box 958, N. Y.N
I
wish
with
a
Bank or Trust Company
WANTED.—Experienced bond
man.
Address, stating, in full,
experience, etc., F. W. S., care
Commercial & Financial Chronicle,
P. O. Box 958, N. Y. 0.
A SPECIALTY.
RANGE
of the Currency.
April 6, 1907.
Whereas, by satisfactory evidence presented to
the undersigned, It has been made to appear that
“THE BEAVER NATIONAL BANK OF NEW
YORK,” In the City of New York. In the County
of New York and State of New York, has complied
with all the provisions of the Statutes of the
United States required to be compiled with before
an association shall be authorized to commence
the business
of banking;
Now, therefore,
of New York
Rldgely, Comp-
I, William B.
and State of New York,
Is authorized
the business of Banking as provided
In Section Fifty-one Hundred and Sixty-nine of
the Revised Statutes of the United States.
to commence
whereof witness my hand
and Seal of office this Sixth day of
April, 1907.
WM. B. RIDGELY.
Comptroller of the Currency.
NEW YORK
£0 £xase
TO
NEW YORK
General Commission and
Investment Business in Curb Securities
Transact
a
LEASE
commodious offices on the
First Floor of 66 Wail Street
extending through to Pine Street, with vault an*
The
-
8:2—19 03.
OUR AJfNUAL
THE FINANCIAL
QIvm a monthly raaao of
Ire years.
1887
1892
& CO.
Campbell & Co.
18
Washington, D. C.,
4
25 Broad Street
OF PRICES
Office of Comptroller
Street Ry., Gas, Electric Light & Power
SECURITIES
J. 8tewart
TOBIL
FOB 34 TEARS.
In testimony
31 NASSAU ST.,
NEW YORK
JO BROAD BT.
N1W
9806 RECTOR.
TREASURY DEPARTMENT,
(SEAL.)
R. M. GRANT
-
MAX B. BORG & CO.
Banda and Curb BeearltftM
CHARTErIvUMBER^ 8634.
position with a
a
-
tfisoeUanesus
Helixes.
or
ST.,
large and
basement on Pine
London Assurance
remove
to William
Street, now
occupied by tk*
Corporation, who are soon i
Street, corner
Apply to WM. O.
Malden Lane.
PLATT, 56 Wall St., R. 40
1896
1901
1906
REVIEW
Stock sad Bead Prises
We sea eapftr
Mr
issue,which gives 1882-1886
“
“
“
"
tt
a
1887-1891
it
tt
1891-1895
<
it
1896-1900
it
tt
1901-1905
PRICE $2 PER COPY.
Some earlier issues may
copy.
be had at 65 a
3
Commercial & Financial Chronicle
76H FINE STREET, NEW YORK
-
.!■■■
■
THE CHRONICLE.
■
"
[VOL.
'
'
—
■'
■
LXXXIV.
■'
'■
'
»
I
S
I
"
'
""
''
'
ht
^financial
fftmmctal.
WE OWN AND OFFER
Traveled
Letters of Credit.
$225,000
(Being unsold portion
of
$500,000)
Payable throughout the World
Chattanooga Gas Company
First
Dated
Foreign Cheques and
Bills of
Mortgage 5% Gold Bonds
January 1, 1907.
CABLE
Due
January 1, 1927.
Optional after January 1, 1917, at 105 and Interest.
Interest payable
or
Denomination $1,000.
The Farmers’ Loan & Trust Co.
BANK, CHICAGO, TRUSTEE,
16 22 William Mreet
at
THE FIRST NATIONAL
475 Filth Avenue
BANK, NEW YORK.
Principal
may
be registered
LONDON
IS BtHhopsffiue ^t. Within
The Trust Deed provides for a
sinking fund by cash payments to the Trustee in
each of the years from 1912 to
1926, inclusive, as follows: When $500,000 bonds
are
outstanding, $15,000 annually, and an annual payment in addition
equal to
2% of any additional bonds issued. Under the terms of this
provision a total of
$225,000 bonds will be redeemed before the final
maturity of the issue.
‘’AIMS
7S Rue <le UIcli lieu
CAPITALIZATION.
Common
Stock
Preferred Stock
First Mortgage 5 % Ronds
The $1,000,000 unissued bonds
issued for not to exceed
are
Authorized.
Issued.
$730,000
500,000
1,500,000
$750,000
held in escrow
JJiutcUruls.
THE^mTlwXlTkEE^ELECTRI(T1rAILWAY
LIGHT COMPANY.
400,000
Johnston
500,000
The regular
half per cent
he
STATEMENT OF EARNINGS.
For the Year Ending December
31, 1906.
on
Ill ,679.67
dividend of ONE AND ONE-HALF (1
'*>%)
on the capital stock ol' the
Company,
payable at the office of the Company In Grand
Rapids, Mich., April 25th, 1907, to shareholders
of record at the close of business
on April 15th.
Transfer books will close at three
p. in. on that
date and re-open April 26th, 1907.
Checks will
per cent
$52,476.85
$300,000 Bonds
25,000.00
Surplus
$27,476.85
...
The above earnings were obtained under an
unprogressive local management,
and without the benefit from
$75,000 to be expended for improvements the
present
After improvements are made, and with modern methods
year.
now in practice,
gross earnings will substantially increase and the
percentage of operating
considerably decrease
Property.—The property of the company consists of a gas
system in the City of Chattanooga, which
supplies both coal
mercial
Application.
Copies of the mortgage and legal opinion of Messrs. Wood
the
same,
will be furnished.
on
The Kansas City Southern
Railway Co.
25 Broad St., New York.
April 3 1907.
The Board of Directors this
day declared a divi¬
dend of 4% on the Preferred Stock of the com¬
pany from the net earnings for the year
ending
June 30, 1907, payable on July
1, 1907, to stock¬
holders of record at 3 o’clock p. m. June 10 1907
The Stock Transfer books of the
company will
be closed at 3 o’clock p. m. June
10, 1907. and
will be reopened at 10 o’clock a. m.
July 2. 1907.
Checks for the dividend will be mailed
to
stockholders.
distributing
gas
for
com¬
needs, and has a complete plant for making and
compressing Pintsch gas,
which is supplied to the railroads for
car lighting.
The physical condition of the
present property is excellent, and the actual cash
cost, after the expenditure of $75,000
provided for out of the $500,000 bonds
now issued and
outstanding, will exceed $850,000.
Franchise.—A new franchise was
granted this company on January 23, 1907?
for twenty-one 37ears.
Under the terms of this franchise, the
City contracts with
the company that it will
permit the company to sell gas in Chattanooga
for the term
of its franchise for $1.10
per thousand cubic feet, with discount of 10 cents for
prompt payment of bills. The company is
required to make cash payments to
the city of $500 in 1907,
increasing to $5,000 in 1917, and each year thereafter.
Chattanooga.—Chattanooga is situated in the southeastern part of Tennessee
on the Tennessee
River; served by seven important steam railroads. Had a
popu¬
lation by the 1900 Census of
30,154 within the city limits; the population is now
conservatively estimated at 50,000, and in addition there are numerous
manufac¬
turing suburbs thickly populated, which may be reached
by
the
mains
of
the com¬
pany, with tm additional population of from
10,000 to 20,000. The city has all
modern facilities,
including seventy miles of street railway, electric lights and an
extensive system of waterworks.
Much building in the commercial district
is
now under
way of a modern and substantial character.
Price
be mailed where address Is known.
W. R. SHELBY, Treasurer.
expenses
works and
and water
,
&
BURT, Secretary
GRAND RAPIDS & INDIANA RAILWAY CO.
Grand Rapids, Mich.,
April 6th, 1907.
The Board of Directors has this
day declared
a
SI64,156.52
Net
Earnings
Full year’s interest
mailed.
SILAS W.
Operating Expenses, Including Taxes.
Oakley, approving
We have had Messrs.
Marwick, Mitchell & Company, certified public accountants,
audit the accounts of this
company, and various
erty and territory have been made in our behalf. expert examinations of the prop¬
We can recommend this bond to
conservative investors.
R.
B.
SPERRY, Secretary.
Office of the GRAND RAPIDS
RAILWAY CO.
Grand Rapids, Mich.
The Board of Directors has declared the
regular
quarterly dividend of One and one-quarter per
cent on the Preferred Stock,
payable. May 1st to
stockholders of record at the close of business
April 15th, 1907.
BENJAMIN S. HANCHETT,
Treasurcr.__
INTERNATIONAL STEAM PUMP COMPANY.
PREFERRED STOCK DIVIDEND NO. 32.
114 Liberty St., New York,
April 8th, 1907.
A regular quarterly dividend of One
and Onehalf Per Cent on the Preferred Stock of the
International Steam Pump Co. will be
paid
May 1st.
The transfer books of the Preferred
Stock will close April 19th and
re-open May 2d.
MAX NATHAN, Treasurer.
'
RAILWAY EQUIPMENT CORPORATION.
Office, Lehigh Ave. & 18th St., Philadelphia.
The
ONE
HUNDRED - AND - SEVENTH
MONTHLY DIVIDEND pf ONE AND ONEHALF PER CENT, also an EXTRA DIVIDEND
OF TWO PER CENT, have been
declared, both
payable April 15th, 1907.
JOHN B. KILBURN. Treasurer.
-
AMERICAN TELEPHONE & TELEORAPH CO
A Dividend of Two Dollars
per share will be
paid on Monday, April 15, 1907, to stockholders
of record at the close of business on
Saturday.
March 16, 1907.
The transfer books will be closed rrom March 18
to March 30,1907, both days Included.
WM. R. DRIVER, Treasurer.
For
other
dividends
see
page
xiii.
THE
E. H. Rollins & Sons,
Boston,
Chicago.
Denver and San Francisco.
TheAmericanTrust&Savings Bank
Chicago, Illinois.
&
Building, 80 Broad Street.
New York, April 6, 1907.
THIRTIETH REGULAR DIVIDEND.
quarterly dividend of One and oneupon this Company’s Preferred
Capital Stock will be paid on April 30th, 1907,
to all stockholders of record at the
close of busi¬
ness on April 20th,
1907, to whom cheques will
by the Trustee, and may be
80% of the actual cash cost of permanent extensions and
additions, but only when the net earnings for the
preceding year have been at
least twice the interest on the bonds
outstanding and those to be issued.
Gross Earnings.
TRANSFERS
Collections made in all Countries
January 1 and July 1 at
THE AMERICAN TRUST & SAVINGS
Exchange
BATTERY PARK RATIONAL BANK
14 STATE ST.
(Opp. New Custom House.)
Shipping and Export Accounts Invited.
R. A. De LIMA.
President
CALVIN TOMKINS.V.Pres. EDWIN B.DAY, Casblef
QEO. S. 1ALBOT, Asst. Cashier.
APB.
THE CHRONICLE-
131907]
g
-
--
-
-
■
-
==^=
1
-
•
"
■
xt
—
■
Ifinancial
$6,160,000
CO.
RAILROAD
WABASH
)
TWO-YEAR COLLATERAL FIVE PER CENT GOLD NOTES
Dated
Interest
Due May 10, 1909.
May 10, 1907.
payable May and November 10th by the Industrial
National Bank, New
Denominations: SI,000, $5,000
Trust Company, Providence, and the First
York.
Coupon
and $10,000.
or
Registered—Interchangeable.
INDUSTRIAL TRUST COMPANY, PROVIDENCE, R. I., Trustee.
SECURED BY
The entire *10,000,000
.
WABASH-PIT+SBURGH
TERMINAL CO. CAPITAL STOCK
6,600,000 WABASH-PITTSBURGH TERMINAL
YEAR 4%
RAILWAY CO. FIRST MORTGAGE 50-
BONDS, 1954
GOLD 4% BONDS, DUE 1956.
4,800,000 W ABASH RAILROAD CO. FIRST REFUNDING
PRICE:
97H AND INTEREST, AT WHICH THEY YIELD
ABOUT 6J£%.
'41LER & m
27 Pine Street, New
Ycrk
ISlantctl.
TO HOLDERS
Economy Light & Power Co.
NEW
5% Bonds, Due 1915
NATIONAL
;
BANK
to
receive arul
consider, In entire
been called for redemption, we offer holders
the privilege of exchanging their maturing bonds for the First Mortgage
Gold Bonds of the same Company, due 1956, which are not subject
to call, and are an absolute first mortgage upon the entire property
of the Company.
The Economy Light & Power Company is in a prosperous condi¬
tion and will show minimum net earnings of over 2\£ times its total
interest charges.
The above bonds having
!
con¬
official and
clerical positions In a new bank, shortly to
begin business In the Brunswick Building,
Madison Square. New York City.
The new
bank Is being organized under the National
Banking Act, with a Capital of $200,000 and
a paid-in Surplus Fund of $200,000.
fidence, written applications for
Applications should state age, experience,
employment and name references.
Mortgage bonds to holders of the maturing bonds,
taking in exchange the maturing bonds at 107^ and
interest, the price at which they are called for redemption.
This offer is subject to termination without notice.
We offer the First
at
100 and interest,
present
The latter will not be consulted without ap¬
IRedmond &Cq.
plicant's consent. The applicant should also
state what special qualifications, If any, he
possesses that would be Important for the
Committee to know at this time.
Requests
for personal Interviews must originate with
507 Chestnut St., Philadelphia
the undersigned.
33 Pine Street, New
Address
THE ORGANIZATION COMMITTEE
Care OL.NBY A
York
COMSTOCK, Counsel,
08 William St.,
New York City.
©ajratrttievsltips.
Cuban
Securities
A SPECIALTY
Chicago & North Western Scrip
BOUQHT AND SOLD
SCHMIDT & GALLATIN
Mlllett, Roe & Hagen,
Bankers,
New York,
Boston
New
111 BROADWAY
York
FRANCKE THOMPSON & ROBB
Members N. Y. Stock Exchange
43 Exchange Piac6
We beg to announce that
Mr. Alfred Graham Miles has
this day been
admitted to
membership
Members N. Y. Slock Exchange
Tel. No. 3800 Rector
3 Broad Street
In our firm.
Millett, Roe & Hagen
10th April,
1907
Te epbone
1319 Broad
RKANCll OFF If K
Bristol
Building, 5 h Arc. and
Teiephone 1559 Bryant
4£d ft
XVI
THE CHRONICLE.
*
VOL. L\XXIV.
financial
Cable Address:
Codes Used:
“Hought” Chicago
Lieber and ABC 5th Edition
Peabod^Houghteling &Co.
(Established 1865)
First National Bank Building
<f~
CHICAGO
We carry at
all times
a
conservative line of high-grade Investment Securities including:
CHICAGO REAL ESTATE MORTGAGES
In amounts of from
$1,500 to $100,000 each secured upon valuable improved Chicago Real
Our judgment in such important requirements as valuation of
security, quality of improve¬
Estate.
ments, desirability of location and income value is the result of
tinuous
experience in the Chicago field.
over
forty years’ active and
con¬
Such mortgages yield from 4 to 5J^%.
CHICAGO REAL ESTATE SERIAL GOLD BONDS
In denominations of $500 and
Apartment Buildings,
or
$1,000 each, secured by first mortgage upon high-grade modern
upon large modern down-town Office Buildings—a most convenient and
desirable form of investment
yielding 4]4 to 53^%.
RAILROAD, TRACTION AND PUBLIC CORPORATION BONDS
Having behind them in
substantial margin of security, successful history, ample
Such bonds yield from 5 to 534% net.
every case a
earnings and sound management.
STEAMSHIP
First
an
Mortgage Serial Bonds secured
enviable
are a
modern Steel Steamships
reputation in the investment market.
been unable to discover
bonds
upon
BONDS
After
most
a
the Great Lakes enjoy
searching investigation we have
on
single instance of default in interest or principal in such issues.
legal investment for Michigan Savings Banks and yield about 5%.
a
Such
INDUSTRIAL BONDS
Secured upon
such stable natural
steadily increasing in value and which
for the
Timber, Coal and Iron Ore Lands, which are
developed as to have ample income-producing capacity
resources as
are so
protection of principal and interest.
Also the bonds of well known manufacturing cor¬
porations having long established and successful history. The margin of security in such bonds
is
invariably
large, and the bonded debt is always payable in substantial annual or semi¬
thereby increasing the value and safety of the investment from year to year.
Tftese bonds net from 4% to 6%.
very
annual amounts,
Descriptive Circulars and Prices will be
sent
promptly
on
application.
ANNOUNCEMENT
On and
after
April 29 we will occupy our new offices, the entire Bank Floor of the
Borland Block, Southeast Corner La Salle and Monroe
Streets, Chicago*
where* we will be better equipped to care for our
rapidly increasing business.
financial
State and City Section (semi-Annually]
Quotation Section ( Monthly)
Bank and
Street
Railway and Industrial Section (Quarterly)
Railway Section
NO. 2181.
SATURDAY, APRIL 13 1907.
VOL. 84.
Week ending April 6.
Clearings at—
Chromtle.
e
PUBLISHED WEEKLY.
Boston
For One A’ear
For Six Mont ha
Subscription includes following
B \nk and Quotation (monthly)
Railway and Industrial (quarterly)
Worcester
Fall River..
__
Lowell
I State and City (semi-annually)
| street Railway (3 tunes yearly)
Twelve Months
Indianapolis
Columbus
29 00
Toledo
Peoria
Grand
50 00
87 00
(52 times)
Rapids..
Dayton
Monatlnock Block; Tel. Harrison 4012.
LONDON" OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
WILL I AM B. DANA COMPANY, Publishers,
OFFICE—P. Bartlett, 513
CHICAGO
Pine Street*
Post Office
Corner of
Kalamazoo
Lexington
NEW YORK,
Canton
Akron
Bloom ngton
RETURNS.
The following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$2,881,736,544, against $3,212,739,805 last week and
$3,095,750,418 the corresponding week last year.
New York
Boston
1900.
1907.
SI,730,592.510
133,577,741
98,808,036
19,053.130
180.557,913
$1,401,208,499
..
138.320,017
110.714,008
23,332,117
199.140,819
...
Philadelphia
..
Baltimore.
Chicago
St. Louis
New Orleans
...
51.844,149
54,312.778
14,850.139
.
15,305,087
Quincy
Snringfled, Ohio
Mansfield
South Bend
Decatur
Jacksonville, Ill.
Jackson
Ann Arbor
Seattle
Portland
I Salt Lake City_J..
! Spokane
Per
Cent.
—15.9
days
Seven cities, 5
cities, 5 days.
Total all cities, 5
All cities, 1 day
_
305,147,091
488.203,555
—0.0
week
The full details for
—
$2,881,730,544
$3,095,750,418
—7.0
the week covered by
the above will be
cannot furnish them to-day,
the clearing houses at noon on
Saturday, and-hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur¬
day noon, April 6, and the results for the corresponding
given next Saturday. We
clearings being made up by
and 1904 are also given. Contrasted with
the total for the whole, country shows a
Outside of New York the increase over
week in 1906, 1905
the week of 1906
of 3.8%.
1906 is 8.2%.
loss
Clearings at—
1907.
$
Philadelphia
Pittsburgh
Baltimore
Buffalo
Washington
Albanyr
Rochester
Scranton
-
Reading
Wilmington
Wilkes-Barre
Wheeling
Erie
...
Greensburg.
...
Chester
..
Binghamton
Franklin
Harrisburg
.
Total Middle..
S
2,000,935,285 2.225,525.028
157.409,807
102,345.342
02,370.027
02.375.271
32.295,954
31,340.359
7,490.747
8,887,248
0,785,991
6,854,145
5.734,530
7,048,141
5,491,338
5.325.411
New York.
Syracuse
1900.
2,705,500
2.207.140
2,383,974
1,018,087
1,191.705
1,279,184
710.137
000,000
598,391
549,500
318.204
2,347.855
1,895.419
2,109,372
1,524,539
1,051,084
1,013,407
550,203
088,307
481.392
516,700
255.764
1,683.224 Not included
2,305,939,090 2,515,550,670
April 6.
Inc. or
Dec.
%
—9.S
+ 3.1
—0.0
—2.9
+ 18.5
+ 1 o
a
1905.
S
1904.
Cedar Rapids
Pueblo
Fremont
Lincoln
87.179.233
22,876,080
17,038,231
9.457,342
7,068,930
0.422,804
5.432.477
3,188,507
2.140,770
1.904.354
1,039,209
753.937
710.905
028.978
435.009
203,452
1.111,814
;.
St. Louis
New Orleans....
58.303.424
Louisville
Houston
Galveston
Richmond
14,217.000
7,510.002
0,804,000
19,025,094
0.180,409
5,157,213
Memphis
4.553,731
5.184,024
Nashville
Atlanta
3,110,559
Savannah
Fort Worth.....
Norfolk
Birmingham
Augusta
2,095,095
2.245,852
1,389,512
2,192.209
1,780.149
1.308,150
1,477,501
1,292.811
1,733,741
775,000
....
Columbus, Ga
-
.
1.990,903
1.729,577
1,482.843
1,374.945
1.485.122
1.127.774
1,337,701
385.000
749,405
373.004
1.420,050
1,139,929
Total all
149.143,831
3,212,739.805 3,339.434.719
Outside N. Y..
1,205.794.520 1,113,909.091
—3.0
+ 15.2
+ 19.0
+ 13.0
+ 0.1
+ 13.3
+ 20.2
+ 27.7
12.8
+ 24.3
+ 6.3
+ 24.4;
in total
—
4,219,543
3,672,917
3,760,805
2.503,200
1,339,000
1,084,312
1.030.538
1,208 892
1,210,079
758,550
775,700
408.250
529.005
684.000
207,976
1,300.000
1,297,870
1.624,503
1,214,708
1,002.519
082.148
434,340
500,258
419,435
500,100
254.105
r
■
—8.3 2,294,655.730 1,304,444.023
1
29,238.150
17,902.067
11,222,246
7,240.898
6.446.352
5.734,400
4,549.020
2.953,872
2.023,608
1,816,556
1,693,770
928.214
800.000
529,419
688.850
833,080
858.718
588.400
421,024
475,570
448,914
393,178
411.243
430,803
308,960
242,938
191,202
132.583
287,185.554
33.349,387
9,730,093
5,508.135
4,254.429
3,043.290
3,261.091
2,841.070
503.405
482,380
292.192
531.055
Wilmington .N.C.
Total Southern
Canada—
Montreal
24.110.455
8.017,907
2,804,8-99
2,755,188
Winnipeg.
Ottawa
Vancouver
Halifax
1,039,124
1,484,111
1,834,514
1,583,403
Quebec...
Hamilton.
London
St. John
Victoria
375.000
550.000
153.048,5091
22,914.023
Toronto
911,010
048,025
27,788.400
23,204.402
8,000.973
2.820.015
2,209,020
1,879,088
1,495.255
1.504,037
1,203.042
1,011,675
957.440
1,450.000 Not Included
Calgary
753.219 Not Included
Edmonton
Total Canada
495.000
.
09,303,319
03.386,078
22,000.240
10.050,108
S .332,037
5.588,440
0,233,517
4,930,482
3,188,507
1,755,217
1,500 029
+ 31.4
+ 22.4
+ 12.8
+ 29.2
+ 14.3
+ 3.1
+ 8.3
+ 10.2
—21.0
+ 30.7
+ 30.2
—51
+ 28.1
+ 20.5
+ 11.4
+ 20.2
2,100.000
2,049,610
0,541.078
4,442,905
6,190.479
150,889.358
170.890,565
+ 10.4
2.092.893
3.200.808
2,050,003.450 1.155.994.121
117.003,732
139.306.001
42,005.987
48.743.011
22,929,905
24,950,340
0.906.527
190,679.925
187.615,440
+ 10.2
+ 5.1
+ 51.8
+ 14.7
+ 29.0
+ 25.7
+ 45.7
.
Waco
Beaumont
+ 33.4
786,918
507,481
575.128
527,148
+ 1.0
72,374,025'
+ 20.7
4-2.3
+ 5.0
+ 1.0
18.4
+ 20.1
+ 10.0
+ 5.1
13.2
+ 12.9
27.8
+ 18.9
+ 28.3
+ 9.0
—30.4
+ 26.8
+ 20.5
—4.9
—0.5
+ 14.6
+ 29.0
+ 3.4
+ 3.0
+ 24.0
+ 41.8
—10.0
1,275.825
922,012
716.601
534.492
489.552
+ 14.0
80.539,405
57,055,240
18,009.341
13,994.770
9,199,214
5.003,000
5.591.631
4.908,548
5.245.533
4.592,305
4.318,800
97.244.802
Tot. oth.West.
Macon
S
5,339,789
4,449 150
2,595,548
1.634.762
1,496.313
1,854,765
+32.6
—1.9
+ 58.3
+ 20.0
+ 21-9
+ 2.8
+ 19.0
+ 25.3
+ 18.0
+ 47.0
+ 13.3
4.810.500
*• • •»
131,160,567
0,051,000
3.678.669
1,725,495
1,758.717
+3,2
300.380,962
40,811,914
11.924,398
8.422.990
1,420,875
981,914
075.000
805,815
525 000
293,520
1.402.837
...
•_..
Mobile
Week ending
-
Davenport
Wichita
Knoxville
Charleston
Chattanooga
Little Rock
Jacksonville
221,833
148,604
7,340,953
5,000.000
3,452,758
2,494,595
1,539.079
Sioux City
I Topeka
243,730
9,132,999
| Lies Moines
;
414.520
293,400
30,050,009
20,854,518
10,007,730
Kansas City
Minneapolis
I Denver
—7.0 ! St. Joseph
455,787,294
£—
540,000
530,778
402.964
473.476
410.735
398,130
90,245,464
—10.5 ; Omaha
+ 14.5 St. Paul
$2,007,540,803
$2,425,949,250
days
Total all cities for
$2,212,399,172
S2,007.944,977
418,004,273
-.
.
837,812
829,005
‘
107,893,827
7,807,201
4 345,809
2,570.795
—
Fargo
+ 18.1 ! Sioux Falls
+ 18.7 i Oakland
+ 0.7 ; San Jose
+ 4.8
Total Pacific..
-3.0
i
1,977,892
1,500,040
$
3,859,809
084.590
1.8
495.195
486.401
374.700 + 23.3
461,950
In total
3,015.937 Not included
Not included In total
Helena
,
+3.0
+ 3.4
+ 10.4
5,800,100
3,703,804
3.439,288
2,194,089
5,740.885
4,850,500
999,058
Tacoma
I
750,351
003,133
764.755
8.725,060
0,590.750
13,857.944
8,854,449
7,313,572
0,124,145
I Los Angeles..
683,853
11,722.099
1904.
1905.
+ 5.2
+ 17.5
+ 4.0
—7.2
+ 8.2
+ 11.0
+ 19.8
+ 12.5
+ 22.0
—12.0
+ 14.0
+31.4
+ 23.2
+ 44.2
+ 11.5
+ 54.8
19.755,810
47,557,900
] San Franc sco
+ 12.8
200.034,558
203,754.413
28.002.000
349,181,310
Tot. M d.West.
:
Other
..
Rockford
CLEARING HOUSE
Clearings—Returns by Telegraph.
Week ending April 13.
..
+25.3
487,380
2.230,928
1.030,756
1,001,423
1,208,390
924,502
1,058,940
760,086
685,351
844,573
717,000
520,380
037,834
508,119
507.783
409,222
495,040
307,787
287.492
320.121
108.330
Youngstown
Fort Wayne
504,338
2,818,682
2,494,273
2,597,207
1,854.922
.
Springfield, II
Pearl Street*
Box 958.
211,080,018
239.321,827
29,750,550
18.338,051
12,081,250
9,085,996
7,893,273
0.525,500
4.519,123
3,004,352
2.514.905
Chicago
Cincinnati.....
Cleveland
Detroit
Milwaukee
$4 20
22 00
Three
Months (26
(13 times)
times)
six Months
..
053.147
%
+ 5.0
+ 0.7
+ 23.5
+ 10.0
—13.2
+ 9.1
+ 0.0
+ 3.2
+ 20.7
S
1,095,310
788,045
632.080
549,829
Holyoke.
Inc. or
Dec.
177,093,290
7,873,200
3,781,141
2,441,101
1,738,141
Springfield..
Supplements—
inch space (14 agate lines)
( Two Months
(X times)
Cards <
J
Lams
Rtandimr .Business
Business
Standing
...
Advertising—Per Inch Space
Terms of
Transient matter per
7,930,000
4,009,173
3,099,505
2,104.008
.
...
13 00
7 50
£2 14s.
£1 11 s.
European Subscription (including postage)
European Subscription mx months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
$
185,972.226
....
Providence
Hartford
New Haven
Portland
Subscription—Payable in Advance
$10 00
0 00
Terms of
1900.
1907.
1,315,886
1,432,745
831,122
633,705
428,338
206 070
75.105.049
50,191,297
10.905.548
—
*
—
—
13.414,039
7,322,390
5,173,000
4.914.014
5.787,310
4.032,315
3.725,567
3.138,334
2.984,380
2,028.811
1,502,017
23,314.500
15,535,100
9,296,075
6,812.756
5,774,590
4,418,800
2.854,525
2.813,706
1.683.411
1.909,683
1,362,923
637,952
831,643
623,957
712,830
734,520
620,400
372,419
408,434
340.771
412,345
243,478
243,103
223.290
200,274
98,595
253,502.915
28,056.926
6.811,255
3,856.857
3,563.567
2.494.960
2.585,887
1.862,154
509,018
535,937
304.188
50.580.749
19,685,517
14,611,454
7.032,918
0,235.756
3,031,340
4.752,800
2,442.841
1.202.942
1.230.929
1.125.000
954.391
474.231
451,629
154,704
04.592,452
51.823,839
10.528.739
10.270,194
5,772.123
3.530,000
4,025,770
4,873.230
2,728,350
3,090,208
2.388.498
1,440,046
1,553,124
1,377,446
1,001.104
1,086.965
1.179,034
1,379.030
975.007
1,314,575
1,279.130
1.181,572
008,221
808,976
911,689
1.202.007
527,094
206,847
1,198,000
350,000
475,000
236.108
117.282,733
135,847,153
3,046,800,089 2.002,592,230
846,593,114
996,857.233
+ 8-2
+ 2.5
—3.8
17.5
+ 3.0
+ 0.9
—0.0
+ 21.4
—
31,331,900
26,039,607
5,518.899
2,357,503
1,448.271
14.828.457
15,409,147
3,934,115
2,033,945
—32.3
In total
in total
442.371
1,121.240
1,542,824
1,283.602
1,083.188
1,250,796
788.706
367,579
—4.2
74,152,436
43.701,299
—12.8
—0.7
+ 17.3
+ 25.4
—9.9
1.708,340
1,099,408
1.578,143
1,058.140
969,794
83*2
THE CHRONICLE.
With to-day’s issue of the “Chronicle” we send to
our
subscribers
a new
number of
section revised
to
©f
a new
date.
our
“State and
City”
This semi-annual
publica¬
tion is issued this time in April instead of in May,
owing to the contemplated removal in the near future
our
sive
of
offices to
building, involving
very exten¬
[VOL.
JLXXXIV.
held
by the Government March 1 1907 (it being
$357,114,829) against $336,518,292 on Feb. 1
1907 (an increase in one month of about 20^ million
dollars), against $316,673,545 June 1 1906 (an increase
in seven months of about 40million dollars), and
against June 1 1905 of $289,248,071, an increase since
that date up to March 1 1907 of about 68 million
so
then
preliminary work in preparation for the transfer dollars.
type-setting plant and other machinery.
The next
Our readers will
readily see where the source of our
Secretary Cortelyou’s action—and, mark
November.
you, his method—for relieving the situation has dis¬
Among the editorial discussions in the present issue closed and proved
the correctness of every criticism
will be found an article on “Wealth, Taxation and and
promise we have written respecting the whole
affair.
The above, we
Population in the United States,” dealing with the
repeat, shows that 68
number of
tjie “State and City” section will
statistics contained in
another article
a
recent Census
appear
in
Bulletin, and
trouble
was.
million dollars
were
taken out of New York bank
re¬
between June 1 1905 and March 1 1907 and 4034
million dollars between June 1 1906 and the same date.
This idle currency has been accumulating month by
serves
the
“Municipal Bond Sales of 1906.”
The latter is accompanied by a full page tabular state¬
ment showing the bond disposals for the twelve
month, 20 million dollars of it in the last month (Feb.
months by States and geographical groups and ac¬
1907). It does not need to be skid that if, instead of
these
cording to rates of interest and purposes for which
withdrawals, they had seven months ago (June 1
issued.
1906) been stopped—and since then the 20 million
dollars accumulated up to that date had also been dis¬
on
THE FINANCIAL SITUATION.
The monetary situation has reversed its character
for call money, from abnormally high to
bursed and added to New York’s reserves—the strain
for money*we have been called upon to suffer from
abnormally low would never have existed. We say these funds were
rates—the relief in New York communicating a like withdrawn from New York reserves, and we add that
tendency elsewhere. This change has opened the in no other way except by their return to New York
stock market here to more venturesome buying, and banks could a
speedy relief have been gained.
consequently speculative operators have again been in
In this last particular it will be observed that Mr.
evidence. An event of like influence was the more Shaw’s
policy and Mr. Oortelyou’s stand side bv side in
kindly interpretation put upon the proposal of the opposition. Mr. Shaw always, when he wanted to let
President as a preliminary to the physical valuation out
any funds in the Sub-Treasury, put a good part of
of railroad property, confining the meaning of his sug¬ the
deposits in remote centres of trade where they did
gestion for taking the water out of stocks to future just about as much service to the country’s money mar¬
stock-watering and not to transactions long past—a ket as if they had been put into the Mississippi. Mr.
highly commendable construction of a disturbing pro¬ Cortelvou, on the other hand, wanted to relieve the
posal. A further stimulus to the market was the cov¬ monetary strain, and he set the current flowing into
ering movement—the effort growing in energy as the New York banks. What was the result? First,
values appeared to be running away from the shorts. it showed that the
only remedy the channels of com¬
In the meantime, as the market advanced a weak merce needed for
curing the congestion was to have
element was pari passu developing—we refer to the the Government turn the
spigot and let the idle cur¬
profit-takers, a large body of foreign and home pur¬ rency confined in the Treasury vaults flow out; and,
chasers who had secured their holdings at the
very second, to let it flow directly into the New York re¬
low prices recently ruling, and who at
every advance serves, because that was the centre through which the
became eager sellers.
money had passed into the Sub-Treasury, and because
It is quite interesting and useful to note that the it was
consequently the centre through which the re¬
change in monev con litions which started in New lief would be most speedily felt and most widely dis¬
York, and which, as stated, has gone on until it has seminated throughout all monetary centres. Hence,
affected the markets of the world, lias not been a
natural move.
Wq mean by that, it has not come
about through any economic policies, but has been a
wholly artificial transaction, a relief that might ap¬
parently have been secured at any time within the
past year or two. We have on many occasions called
attention to the fact tin t tight money with which we
we
find
that
the
outflow tended to relieve
everywhere—a sympathetic
London,
other
of
Paris,
the
Berlin,
world’s
Boston,
trade
money
coming from
Chicago and all
response
centres
where
money
matters had been in any measure
straitened. If one
wants more proof of the completeness of Mr. Cortelyou’s method of procedure, let him study the results
had been so afflicted was not needed; that it was not
closely all along, the lines we have suggested, and he
due to a lack of currency, it was not due to
specula¬ will see that the diagnosis of the Secretary was perfect.
tion in stocks, it was not occasioned by rich men
locking up money. We had more than enough to
The cotton trade generally will find the fourth semi¬
meet every want.
The supply was abundant, but annual census of spindles and mill stocks in Europe,
the surplus which the whole business public was
crying as taken by the International Federation of Master
for, was foolishly locked up in the
Sub-Treasury and Cotton Spinners and Manufacturers’ Associations, an
to
an
extent
The last time
we
noted these facts
March 9 1907 (page 534) when
i
issue of
greater than has existed for several
we
was
in
our
vears.
compared the amount
interesting and instructive document. The compila¬
tions, which are of date February 28th, give evidence
of much care in their preparation, and embrace official
Apr. 13
1907.J
THE CHRONICLE.
833
A bill went to the Governor in Texas a few days ago
manufacturing country, although
reports from Great Britain and Russia are not as com¬ equiring all life insurance companies to invest in
plete as one would desire. Where returns are missing, Texas securities and real estate 75% of the reserve
however, the Federation has made use of the most on policies written in Texas, and a veto can hardly be
reliable outside authorities and is thus able to an¬ expected. A similar bill was rejected by the Senate
in Tennessee, after Mr. Cleveland, in the relation
nounce that there were 85,455,894 spindles in opera¬
tion in Europe at the close of February, or some lately assumed by him to the newly-associated Presi¬
5,000,000 spindles in excess of the number active at dents of a number of companies, had issued a careful
the corresponding date in 1906; the increase being brief showing the incurable defects of such legislation.
about equally divided between Great Britain and the If we imagine the States, one by one, to adopt such
measures—and they do show a most unhappy dispo¬
Continent.
But principal interest at this time centres rather in sition to follow bad examples in legislation about
the amount of raw cotton held in reserve (mill stocks) insurance—the immediate result might easily be that
at the date of the census than in the spinning capacity the bonds of some States would prove too good and
of the establishment In fact it is more particularly those of some other States too poor in quality to
to obtain information on that point that the February enable the companies to maintain the standard of
The vice of such laws,
returns are asked, and only actual reports are included reserve as now fixed by law.
in the compilation of stocks.
To make the meaning however, goes beyond and is independent of their
The very bottom of the founda¬
clearer we would state that while the Federation, as immediate results.
remarked above, placed the total of spindles in Europe tion of life insurance is that all funds shall be so placed
as to compound at the best rates and with the least
at 85,455,894, actual returns were received from but
71,054,503 spindles, and it is only the stocks at mills possible loss of time, due reference being had to se¬
furnishing that aggregate that are considered. That curity. The premiums are calculated and the con¬
the remaining establishments (20% of the total) held tracts are issued to run for a long term of years on a
relatively as large stocks as the others seems reason¬ very conservative forecast of the interest rates, and
able, but in the absence oLofficial data, it is entirely the principal States require reserve liability to be com¬
conjectural, and therefore a somewhat unsafe assump¬ puted on specific rates ranging from 3 to 4}^%,. It is
tion.
Furthermore, the result as disclosed by the not so many years since the Equitable obtained from
Federation, when used in conjunction with European a score or more financiers their opinion as to the prob¬
visible supply figures and export totals, furnishes a able course of interest for some years ahead, and it is
manifest that an unfavorable change of even a fraction
very gQod basis for finding out what became of the cot¬
in the rate realized would make a vast difference in
ton marketed during the first half of the current season.
Turning attention first to American cotton, we find the finances and strength of the companies as well as
that on February 28th last the total held in European in the premium rates.
Now the object of such laws as the one referred to
ports or on vessels bound there was 2,592,832 bales,
against a total of 603,371 bales August 31st, or an is to meet the imaginary evil of “carrying off” prem¬
increase of 1,989,461 bales.
During the like interval iums to fructify elsewhere, to the impoverishment of
mill stocks as reported to the Federation rose from a State, and to make the home loan market easy by
But if the securities and mort¬
684,282 bales to 1,194,585 bales, or a gain of 510,303 compelling lenders.
bales. The combined augmentation in stocks, visible gages in a State are desirable, they will place them¬
and invisible, was, therefore, 2,499,764 bales.
Con¬ selves; lenders need no compulsion. If they are not
sequently, of the exports from American ports to desirable, forcing money into them may temporarily
Europe for the six months ending February 28th; help the borrowers, but it must inevitably come back
which aggregated 6,152,586 bales (the remainder hav¬ in loss upon the lenders, who in this case are the in¬
ing gone to Japan, Ac.), 2,499,764 bales went to in¬ sured citizens of Texas. The law ought to provide
specifically that any losses on investments thus made
crease stocks, leaving 3,652,822 bales as the measure
shall
fall only on Texas policy-holders; but it will come
of consumption for the half-year in Europe.
For the
corresponding six months of 1905-06 exports to Europe to them surely enough without such specification.
from American ports were 4,550,522 bales, the increase The inevitable result will therefore be to injure Texas
in visible and mill stocks was 1,121,410 bales and the policy-holders for the possible yet not certain benefit
balance for consumption 3,429,112 bales.
It is seen, of other Texans who hold no life insurance. Here-*
therefore, that the apparent increase in European con¬ tofore we have had laws specifying in what kinds of
sumption of American cotton for the first half of the securities trust funds may be invested. A year ago,
season 1906-07 was 223,710 bales over 1905-06.
Simi¬ notwithstanding all remonstrance, this State ordered
lar calculations covering Egyptian, East Indian and the life companies to sell their stocks, regardless of
other cotton indicate a consumption in Europe for the quality; and now laws are beginning to command
six months of 1,081,842 bales in 1906-07, against them to put funds where the managers of the funds
1,096,968 bales in 1905-06. The aggregate indicated would not put them voluntarily. Thus we are rushed,
consumption of all kinds of cotton in Europe was in the name of reform, from bad to worse, and blow
consequently 4,734,664 bales for the six months of after blow is struck upon the tliirft and even the in¬
1906-07, against 4,526,080 bales in 1905-06, or a gain tegrity of life insurance in the indiscriminating attack
of 208,584 bales.
To what an extent, if at all, this upon corporations.
total of 208,584 bales should be decreased to allow for
There was a further recession in the discount rates
increase of stocks at mills not reporting the reader
will liaye to judge for himself.
We have, however, in London early this week, accompanied by a tempor¬
ary advance in sterling exchange in New York an<J by
used the figures as given.
the withdrawal of our bankers from the bullion market
returns from every
832
THE CHRONICLE
\\'i111
our
subscribers
section
tion
to-day’s issue of the “Chronicle”
revised
is issued
new
a
to
number of
date.
our
©f
our
offices to
a new
so
City”
publica¬
building, involving
near
held
then
April instead of in May,
©win# to the contemplated removal in the
LXXXIV.
by the Government March 1 1907 (it being
$357,114,829) against $330,518,292 on Feb. 1
1907 (an increase in one month of about
20% million
dollars), against $316,673,545 June 1 1906 (an increase
in seven months of about 40% million
dollars), and
againsUJune 1 1905 of $289,248,071, an increase since
that date up to March 1 1907 of about 68 million
to
“State and
This semi-annual
this time in
send
we
[VOL.
future
very exten¬
sive
of
preliminary work in preparation for the transfer dollars.
type-setting plant and other machinery. The next
Our readers will
readily see where the source of our
Secretary Cortelyou’s action—and, mark
November.
you, his method—for relieving the situation has dis¬
Among the editorial discussions in the present issue
closed and proved the correctness of
every criticism
will be found an article on “Wealth, Taxation and
and promise we have written
respecting the whole
Population in the United States,” dealing with the affair.- The above, we repeat, shows that 68
number of
tjie “State and City” section will
statistics contained in
another article
a
recent Census
in
appear
Bulletin, and
trouble
million dollars
taken out of New York bank re¬
between June 1 1905 and March 1 1907 and 40%
serves
the
was.
were
“Municipal Bond Sales of 1906.”
million dollars between June 1 1906 and the same date.
The latter is accompanied by a full
page tabular state¬
This idle currency has been accumulating month
by
ment showing the bond
disposals for the twelve month, 20 million dollars of it in the last month
(Feb.
months by States and geographical
groups and ac¬ 1907).
It does not need to be skid that if, instead of
cording to rates of interest and purposes for which these withdrawals, they had seven months ago (June 1
on
issued.
THE FINANCIAL SITUATION.
The inonetary situation has reversed its character
for call money, from abnormally high to
abnormally low
communicating a like
tendency elsewhere. This change has opened the
stock market here to more venturesome
buying, and
consequently speculative operators have again been in
rates—the relief in New York
1906) been stopped—and since then the 20 million
dollars accumulated up to that date had also been dis¬
bursed and added to New York’s reserves—the strain
for money we have been called
upon to suffer from
would
have existed.
never
We say these funds
were
withdrawn from New York reserves, and we add that
in no other way except by their return to New York
banks could
speedy relief have been gained.
particular it will be observed that Mr.
An event of like influence was the more
evidence.
Shaw’s policy and Mr. Cortelyou’s stand side
by side in
kindly interpretation put upon the proposal of the opposition. Mr. Shaw
always, when he wanted to let
President as a preliminary to the physical valuation out
any funds in the Sub-Treasury, put a good part of
of railroad property, confining the
the
meaning of his sug¬
deposits in remote centres of trade where they did
gestion for taking the water out of stocks to future just about as much service to the
country’s money mar¬
stock-watering and not to transactions long past—a ket as if they had been put into the
Mississippi. Mr.
highly commendable construction of a disturbing pro¬ Cortelyou, on the other hand, wanted to relieve
the
posal. A further stimulus to the market was the cov¬ monetary strain, and he set the current
flowing into
ering movement—the effort growing in energy as the New York banks. What was the result?
First,
values appeared to be running
it
away from the shorts.
showed that the only remedy the channels of com¬
In the meantime, as the market advanced
element was pari passu
a
developing—we refer
profit-takers,
weak
a
Jn this last
needed for curing the congestion was to have
the Government turn the spigot and let the idle cur¬
merce
to the
large body of foreign and home pur¬ rency confined in the
Treasury vaults flow out; and,
chasers who had secured their holdings at the
very second, to let it flow directly into the New York re¬
low prices recently
ruling, and who at every advance serves, because that was the centre through which the
became eager sellers.
money had passed into the Sub-Treasury, and because
It is quite interesting and useful to note that the
it was consequently the centre through which the
re¬
change in money con lit ions which started in New lief would be most
speedily felt and most widely dis¬
York, and which, as stated, has gone on until it has seminated
throughout all monetary centres. Hence,
a
affected the markets of the world, has not been
natural move.
\\ e mean by
a
we
find
that
the
outflow tended
to
relieve
money
that, it has not come everywhere—a sympathetic response coming from
economic policies, but has been a London, Paris, Berlin.
Boston, Chicago and all
about through any
wholly artificial transaction,
a
parently have been secured
at
relief that might ap¬
time within the
past year or two.
We have on many occasions called
attention to the* fact tin t tight
money with which we
had been so afflicted was not
needed; that it was not
due to a lack of currency, it was not due to
speculation in stocks, ii was not occasioned
by rich men
locking ii}> money. We had more than enough to
meet every want.
The supply was abundant, but
the surplus which the whole business
public was crying
for. was foolishly locked up in the
Sub-Treasury and
to an extent greater than has existed for several
The last time
we
any
noted these facts
March 9 1907 (page 534) when
we
other
in
years.J
our
issue of
compared the
amount
was
of
matters
wants
>
the
world’s
trade
where
had been in any measure straitened.
centres
money
If
one
proof of the completeness of Mr. Cortel¬
method
you’s
of procedure, let him study the results
closely all along, the lines we have suggested, and he
will see that the diagnqsis of the
Secretary was perfect.
more
;
The cotton trade
annual
census
of
generally will find the fourth semi¬
spindles and mill stocks in Europe,
taken
by the International Federation of Master
Cotton Spinners and Manufacturers’ Associations, an
as
interesting and instructive document. The compila¬
tions, which are of date February 28th, give evidence
of much care in their preparation, and embrace official
Apr. 13
1907.J
THE CHRONICLE.
833
returns from every
A bill went to the Governor in Texas a few days
manufacturing country, although
ago
reports from Great Britain and Russia are not as com¬ equiring all life insurance companies to invest in
plete as one would desire. Where returns are missing, Texas securities and real estate 75% of the reserve
however, the Federation has made use of the most on policies written in Texas, ifnd a veto can hardly be
reliable outside authorities and is thus able to an¬ expected.
A similar bill was rejected by the Senate
nounce that there were 85,455,894
in
Tennessee, after Mr. Cleveland, in the relation
spindles in opera¬
tion in Europe at the close of February, or some lately assumed by him to the
newly-associated Presi¬
5,000,000 spindles in excess of the number active at dents of a number of companies, had issued a careful
the corresponding date in 1906; the increase being brief showing the incurable defects of such legislation.
about equally divided between Great Britain and the If we imagine the States, one by
one, to adopt such
Continent.
measures—and they do show a most unhappy dispo¬
But principal interest at this time centres rather in sition to follow bad examples in legislation about
the amount of raw cotton held in reserve (mill stocks) insurance—the immediate result might easily be that
at the date of the census than in the spinning capacity the bonds of some States would
prove too good and
of the establishment
In fact it is more particularly those of some other States too poor in quality to
to obtain information on that point that the
February enable the companies to maintain the standard of
returns are asked, and only actual reports are included reserve as now fixed by law.
The vice of such laws,
in the compilation of stocks.
To make the meaning however, goes beyond and is independent of their
clearer we would state that while the Federation, as immediate results.
The very bottom of the founda¬
remarked above, placed the total of spindles in Europe tion of life insurance is that all funds shall be so
placed
at 85,455,894, actual returns were received from but
as to compound at the best rates and with the least
71.054,503 spindles, and it is only the stocks at mills possible loss of time, due reference being had to se¬
furnishing that aggregate that are considered. 'That curity. The premiums are calculated and the con¬
the remaining establishments (20% of the total) held tracts are issued to run for a long term of years on a
relatively as large stocks as the others seems reason¬ very conservative forecast of the interest rates, and
able, but in the absence of official data, it is entirely the principal States require reserve liability to be com¬
conjectural, and therefore a somewhat unsafe assump¬ puted on specific rates ranging from 3 to 4}^%. It is
tion.
Furthermore, the result as disclosed by the not so many years since the Equitable obtained from
Federation, when used in conjunction with European a score or more financiers their opinion as to the prob¬
visible supply figures and export totals, furnishes a able course of interest for some years ahead, and it is
very good basis for finding out what became of the cot¬ manifest that an unfavorable change of even a fraction
ton marketed during the first half of the current season.
in the rate realized would make a vast difference in
Turning attention first to American cotton, we find the finances and strength of the companies as well as
that on February 28th last the total held in European in the premium rates.
Now the object of such laws as the one referred to
ports or on vessels bound there was 2,592,832 bales,
against a total of 603,371 bales August 31st, or an is to meet the imaginary evil of “carrying off,; prem¬
increase of 1,989,461 bales.
During the like interval iums to fructify elsewhere, to the impoverishment of
mill stocks as reported to the Federation rose from a State, and to make the home loan market
easy by
684,282 bales to 1,194,585 bales, or a gain of 510,303 compelling lenders.
But if the securities and mort¬
bales. The combined augmentation in stocks, visible gages in a State are desirable, they will place them¬
and invisible, was, therefore, 2,499,764 bales.
Con¬ selves; lenders need no compulsion. If they are not
sequently. of the exports from. American ports to desirable, forcing money into them may temporarily
Europe for the six months ending February 28th, help the borrowers, but it must inevitably come back
which aggregated 6,152,586 bales (the remainder hav¬ in loss upon the lenders, who in this case are the in¬
ing gone to Japan, Ac*.), 2,499,764 bales went to in¬ sured citizens of Texas. The law ought to provide
crease stocks, leaving 3,652,822 bales as the measure
specifically that any losses on investments thus made
of consumption for the half-year in Europe.
For the shall fall only on Texas policy-holders; but it will come
corresponding six months of 1905-06 exports to Europe to them surely enough without such specification.
from American ports were 4,550,522 bales, the increase The inevitable result will therefore be to
injure Texas
in visible and mill stocks was 1,121,410 bales and the policy-holders for the possible yet not certain benefit
balance for consumption 3,429,112 bales.
It is seen, of other Texans who hold no life insurance. Here-,
therefore, that the apparent increase in European con¬ tofore we have had laws specifying in what kinds of
sumption of American cotton for the first half of the securities trust funds may be invested. A year ago,
season 1906-07 was 223,710 bales over 1905-06.
Simi¬ notwithstanding all remonstrance, this State ordered
lar calculations covering Egyptian, East Indian and the life companies to sell their stocks, regardless of
other cotton indicate a consumption in Europe for the quality; and now laws are beginning to command
six months of 1,081,842 bales in 1906-07, against them to put funds where the managers of the funds
1,096,968 bales in 1905-06. The aggregate indicated would not put them voluntarily. Thus we are rushed,
consumption of all kinds of cotton in Europe was in the name of reform, from bad to worse, and blow
consequently 4,734,664 bales for the six months of after blow is struck upon the tliirft and even the in¬
1906-07, against 4,526,080 bales in 1905-06, or a gain tegrity of life insurance in the indiscriminating attack
of 208,584 bales.
To what an extent, if at all, this upon corporations.
total of 208,584 bales should be decreased to allow for
increase of stocks at mills not reporting the reader
There was a further recession in the discount rates
will have to judge for himself.
We have, however, in London early this week, accompanied by a tempor¬
used the figures as given.
ary advance in sterling exchange in New York and by
r
the withdrawal of
our
bankers from the bullion market
THE CHRONICLE.
834
[Vol. LXXXIV.
London, so that the Bank of England was able to
procure without competition the South African and
other gold arrivals; all due to the monetary reliefNew York obtained through the outpour of currency
from our Sub-Treasury.
Later there was a reduction
in contangos, indicating a small bull account at the
London settlement, probabty also contributing to still
easier discounts. Wednesday open market rates were
quoted 3%%, foreshadowing a reduction in the Bank
rate on the following day, when
was officially
to be adverse to the idea
from London;
A fact which should not be overlooked is that the
and, more often than not,
strongly adverse. We referred last w'eek to the vote
in Chicago in the Mayoralty canvass and on the ques¬
tion of accepting the very liberal proposition (for the
city) of extending the franchises of the trolley lines in
that thriving and populous community. About the
same time the citizens of an Eastern city,
namely
Baltimore, or at least the members of one of the lead¬
ing political parties in that city, took occasion to
declare themselves in no uncertain wTay on a somewhat
similar question.
recorded.
Both parties in Baltimore had
It would appear from the fact that there have this primary elections on Tuesday April 2 for the selection
week been only moderate additions to the deposits of of candidates for municipal officers to be voted on
public funds in the local banks, as the result of the next month. In the case of the Democratic party
placing therein of customs collections, that the quota there w^as a schism and a spirited contest for control
of such deposits has been filled; the amount of these on the part of an opposing w'ing.
The candidate for
deposits nowr is $17,510,000. Compared with the Mayor of the regular w'ing w'as J. Barry Mahool.
There were two opposing candidates, but the opponent
sum reported from the Treasury March 4, the aggre¬
gate of deposits now' held in all banks throughout the around whom most interest centred wras George Stew¬
country to the credit of the Treasurer of the United art Brown, he being an anti-corporation candidate.
States has been increased $22,600,000; this w'ould The “Baltimore Sun” says that although , Mr. Brown
did not in his platform declare in favor of municipal
seem to indicate that deposits placed in other than
New' York institutions have amounted, in this interval, ow'nership, his candidacy was identified in the public
to about $5,000,000.
The Clearing House statement mind wfith that idea, and this attracted the radical
of last w'eek reported public deposits of $30,389,700, elements to his standard.
The contest w'as a very
an increase since March 23 of $15,877,600.
Refunding determined one nnd there appears to have been no
redeemable
of
4<y? s of 1907 actively began this w’eek, little uneasiness lest the regular candidate might suffer
and they have thus far amounted to $29,632,050; defeat.
But what w'as'the result? Mr. Brown got
presumedly the bonds so exchanged for 2%s represent 9,285 votes while Mr. Mahool got 23,906, and the
actually those held by banks as pledge for circulation, third candidate got 7,135 votes. From one end of
and after such bonds shall have been refunded further the city to the other, the"new'spapers tell us, Mr .Mahool
operations of this character may be expected to make carried everything before him, winning in every one of
less rapid progress because of the fact that the redeem¬ the twenty-four w'ards.. Air. Brown wras defeated
able issues are in great part privately held by bond even in his home wrard.
houses.
Speaking editorially, the Baltimore “Sun” says that
The sharp advance in foreign exchange early this Mr. Brown's failure w*as not due to lack of confidence
w'eek gave rise to some expectations of gold exports in in the honesty, the sincerity and patriotism of his
the near future. As vet, rates do not encourage purposes and aspirations.
He conducted a campaign
that thought and
bankers are of the opinion almost unique in Baltimore. “His appeal was to the
that it will be some time before sight exchange will people.
He went among them, talked with them,
reach the profitable gold-export point.
There is explained his views on municipal government, ad¬
apparently no inducement to ship the metal to London; dressed meetings day after day wfith untiring deter¬
gold bars in that market are now' at- the minimum. mination, and wherever he went made an excellent
Under these conditions sight exchange would have to impression by his courage, earnestness and indepen¬
sell at about 4 SSj f to afford a profit on shipments of dence.
But, unfortunately for him, notwithstanding
the metal.
It may be observed, though, that exchange his disclaimer of any intention to support any radical
at Paris on London fell this W'eek to 25f. 24c., indi¬ policy, his cause became associated in the public mind
cating withdrawals by French bankers of balances with the idea of municipal ow'nership and operation.”
in
thus
should such withdrawals continue and
further material decline in Paris
so-
exchange, called labor vote upon which Mr. Brow'n had counted
there might possibly be some profit in shipping gold most confidently almost completely failed him. It is
hence to Paris to buy exchange on London, but in pointed out in the Baltimore papers that in the South
order to effect such arbitration operation it would be Baltimore wards, such as the 21st, the 22d, the 23d
necessary to obtain about 4 87 for the reimbursing and 24th, it had been expected that the union labor
sterling bill and Paris checks on London w'ould have vote would be a great help to Mr. Brown. This vote,
to be procured at about 10 centimes lower than current however, did not materialize, and it is stated that the
rates.
candidate did not run nearly as w'ell in that part of
the city as he did in the uptown w'ards of Baltimore.
It is a favorite plea of the political agitator that It appears to us that these are very significant facts.
public opinion in this country is inclining more and Moreover, this event is merely one among a number
more strongly towards Municipal Ownership and the
of the same kind that have latterly come to public
assumption of new and increasing functions by Gov¬ notice. It cannot be that repeated happenings of
ernment.
Yet the indications appear to be exactly this nature are not without moment.
Politicians and
the opposite way.
Whenever these theories are put newspaper agitators advocate municipal ownership
to the test—whenever any considerable body of citi¬ and centralization in Government simply because they
zens is given the opportunity to declare itself on the
imagine that that is the way to win popular favor.
issue, free from extraneous questions—the vote is sure Let it once become generally known that the notion
cause a
THE CHRONICLE
Apr. 13 1907. J
that any considerable
such propositions is
body of American people favor
fallacious, and they and their
standard bearers will be quick to abandon such theories.
We do not see how they can much longer ignore the
signs of the times.
In
address before the
company’s board of direc¬
tors, President Adrian H. Joline last week made some
excellent remarks bearing upon the present attitude
of hostility to railroad interests.
Adverting to some
recent statements of William J. Bryan to the effect
an
that the trouble in the railroad world is that the rail¬
roads have “watered their stock and have
compelled
same
835
time, however, Mr. Joline does not believe that
in any country which calls itself free
such a thing can ever come to pass.
and enlightened,
Neither do we.
While the reports
from some centres speak of rather
quiet conditions, there does not appear to be as yet
the slightest symptom of any reaction in the iron and
steel trades, notwithstanding the forced restrictions
in the orders of the railroads, the most important
single consumer of iron and steel products. One rea¬
son for this is that, large though production is, it has
thus far failed to overtake consumption, while at the
same time the foreign demand for our goods continues
public to pay dividends and interest upon fictitious unabated. We have an excellent illustration of the
capitalization,” he refers to the facts in the case of state of things in the case of the production of iron, the
his own road.
The Missouri Kansas & Texas has, in raw material, which lies at the basis of all the other
The make of iron is large and
round numbers, $76,000,000 of stock, namely $13,- forms of iron and steel.
000,000 of preferred and $63,000,000 of common. In furnace capacity is slowly being added to, but, un¬
seventeen years, Mr. Joline says, since the company’s fortunately, something is all the time occurring to pre¬
reorganization it has paid, so far, just $520,000 of vent the output from increasing in the way hoped for
dividends, or 4% on the preferred stock for one year. and'expected. The “Iron Age” of this city has the
As for the amount of money “wrested from the inno¬ present week made public its usual monthly statement,
cent public” to pay dividends on the common stock, and from this it appears that the March product of
it is not as much as one cent, for nothing has ever been the coke and anthracite blast furnaces was 2,225,175
paid on these shares. Mr. Joline also pointedly de¬ tons, as compared with 2,045,068 tons in February,
clares that taking away a railroad from its owners at a short month, and 2,235,306 tons in December, the
the cost of reproducing its plant would be as unjust previous maximum total for any month.
It is pointed
out
as taking away a man’s business and good-will built
that, while on their face these figures seem to show
better
results for March than for February, as a mat¬
up by years of labor and paying him only the cost of
his store and stock. If a man or a set of men go into ter of fact the daily rate of production in March was
a new State or country, struggling against all sorts of
only 71,780 tons, as compared with 73,038 tons for
obstacles, physical and financial, and succeed at last February. The explanation is found in the tremen¬
in completing the construction of a railway , in furnish¬ dous floods experienced during the month at Pitts¬
ing it with suitable equipment in providing it with an burgh and Wheeling. These floods defeated the prom¬
efficient operating force, in developing the neighboring ise which appeared to exist when the month opened of
country in such a way as to build up great industries a record production for March. The floods, it appears,
and business, will any man with an ordinary sense of worked the most mischief with the furnaces of the
fairness, he asks, undertake to say that he or they will steel works. The so-called merchant furnaces have
be fully compensated by the payment to him or them run along during the past three months at a practically
of what it would cost'under changed conditions, uniform gait.
But it is these steel works that are
brought about largely by the original builders, to chiefly in need of increased supplies of iron. For
rebuild another railroad in the same place ?
April 1 the weekly capacity of the furnaces in blast is
The idea of “co-operating with the Government” given as 497,456 tons, which compares with 511,035
does not appeal to Air. Joline.
He is unable to find in tons on' March 1, indicating some further falling off
the Constitution or the laws any provisions which in the output during April. Thus there seems little
affect or regulate co-operation between the Govern¬ likelihood that the scarcity of supplies will be relieved,
ment and the private citizens who carry on their and this no doubt is one of the chief influences in keep¬
business under the laws.
The only way to co-operate ing the market strong.
with a Government is to try to obey the law—however
The Bank of England rate of discount was reduced
silly the law may be—to obey it not only in the letter
but in the spirit, as well as a law can be obeyed “when this week from 5% to 4^2%With this exception
you consider that you are obliged to trust to many there was no change in official rates of discount by
thousands of agents of varying and often limited any of the European banks this week. Open market or
capacity who have most of the infirmities of man and unofficial rates of discount were, compared with last
who are neither angels nor infallible mortals.”
It will week, Js of 1% lower at London, Y of 1% at Paris
be the policy of the Missouri Kansas & Texas, we are and Ys of 1% at Berlin and Frankfort; the Conti¬
told, to resist by all reasonable and legitimate methods nental rates were directly affected by the reduction in
the enactment of laws which are unjust and unfair; the English Bank rate. One feature was a fall in the
to bring them, if enacted, before the Courts for con¬ quotation for exchange at Paris and at Berlin on
struction and for determination as to their validity London, due to the withdrawal of balances from the
and constitutionality, but to obey them honestly and British capital, probably for more profitable employ¬
faithfully if they are ultimately declared to be valid, ment at home.
The statement of the New York Associated Banks
even if it leads to insolvency and a receiver.
He
urges the wisdom of recognizing that if the people of last week showed, as the most striking feature, a gain
the United States have made up their minds to destroy of $10,533,900 in cash, reflecting the distribution
railroad property and the Courts decide that they have among local institutions of public funds, representing
the right to do this, the roads must submit.
At the customs*collections, which were directly placed in the
the
,
836
THE CHRONICLE.
New York banks.
ment also
showed
It may
an
be noted that the state¬
increase since March
23
of
$15,877,600 public deposits. The surplus reserve
was augmented $6,309,950 as the result of the increase
of cash, less $4,223,950 gain in reserve
requirements,
so that the surplus now stands at
$19,441,225. Loans
increased $6,143,600 and deposits $16,895,800. The
bank statement of this week should show a transfer
of $150,000 to New Orleans and the
of $316,000
import
gold from Europe. Though the refunding opera¬
tions, which began on Monday, contributed little
to the supplies of money to the market, the
4% being
exchanged, bond for bond, for the consolidated 2%,
with the payment of a slight difference, it will be
interesting to note that such operations during the
week amounted to $29,632,050.
As this is greater
than the
sum
of the 4s of 1907 which
were
held
as
pledge for bank-note circulation, it appears probable
that
for all of such pledges 2%
consolidated
bonds have been substituted as
security, so that no
lawful money will be required to be
deposited with
the Treasurer in lieu of bonds withdrawn, and no con¬
traction of the currency will follow.
Presumedly the
remainder of the $50,000,000 4s of 1907 which have
been selected for refunding are largely held
by bond
houses and have been accumulated by them in
expecta¬
tion of their exchange for 2% consols; therefore,
refunding operations will most likely soon be com¬
pleted. Redemptions of the 4%s, under the circular
of March 14, have made slow progress, and the amount
so redeemed thus far is about
$18,000,000.
The disclosure by the bank statement of a
large in¬
crease in surplus reserve contributed to lower rates for
money this week, not only on call but for fixed periods.
Expectations of further supplies to the market, through
the continued distributions of public
deposits, and
payments for redeemable bonds, tended to make bor¬
rowers reluctant to
accept offerings of time money,
at the
lower rates,
and there seemed to be a
disposition to rely upon the call loan branch of the
even
market for accommodation instead of taking funds for
short maturities.
The easier monetary conditions
stimulated
purchases of corporation notes, but as
these were in direct competition with commercial
paper,
rates for the latter were only
farctionally lower.
Money on call, representing bankers’ balances,
loaned on the Stock Exchange during the week at
2}A% and at 134%; averaging about 2%; banks and
trust companies loaned at 2% as the minimum,.
On
Monday loans were at 234% and at 134% with the
bulk of the business at 2J^%. On
Tuesday transac¬
tions were at 234% and at 2% with the
majority at
2M%. On Wednesday loans were at 2% and at 1 34%
with the bulk of the business at 2%.
On Thursday
transactions were at 234% and at 1 %% with the
majority at 2%. On Friday loans were at 234% and
at 2% with the bulk of the business at
234%. Time
contracts on good mixed Stock
Exchange collateral
were 4J4@434% for thirty to
sixty days, 434 @4^4%
for ninety days to four months and 5% for five to six
months.
Some very choice commercial paper sold
at o%%, but the ruling rates were 6% for
sixty to
ninety day endorsed bills receivable, 6% for prime
and 6}4% for good four to six months’
single names.
[VOL.
LXXXIV.
434%- The cable reports discounts of sixty to
ninety day bank bills in London 3^§%. The open
market rate at Paris is 3J4@3J4% and at Berlin and
Frankfort it is 4%@4%%• According to our special
cable from London, the Bank gained
£1,115,931 bul¬
lion during the week and held £35,456,644 at the
close of the week.
Our correspondent further advises
us that the gain was due
wholly to heavy purchases
in the open market.
The details of the movement
into and out of the Bank were as follows:
Imports,
£1,223,000 (of which £11,000 from Australia, £7,000
from the Continent and £1,205,000
bought in the open
market, including £48,000 French coin); exports,
£225,000 (of which £100,000 to Constantinople, £100,000 to Egypt and £25,000 to South
America), and
receipts of £118,000 net from the interior of Great
to
Britain.
The
-
foreign exchange market
generally strong
though there was some recession in rates
on Tuesday
due to a lighter inquiry for remittance and
a better
supply of bills. On Wednesday, however,
there was a recovery and the tone was
strong thereafter.
The market was only slightly affected
by the reduction
in the Bank of England discount
rate, this having been
foreshadowed by the lower quotations for open mar¬
ket discounts; there was, though, a
good demand for
long sterling for investment and this was one of the
•
was
this week,
features of the week.
was
completed
The London
settlement, which
Wednesday, was effected without
derangement, and the demand for cables
the least
incident thereto
on
easily satisfied early in the week.
Shifting of loans from London to New York, to take
advantage of the lower rates for money ruling in our
market, was chiefly noticeable on Saturday and on
Monday; thereafter the movement seemed to subside.
Selling in London of American securities, which was
a prominent feature in the
previous week, was in much
smaller volume, and there was some foreign
buying
of such properties after
Tuesday. The supplies of
was
bankers’ bills which contributed to the above-noted
Recession
against
in
rates
came
principally from drawings
matured installment of corporation notes
recently negotiated, and also, as reported,
from the New York & New Haven loan.
The fall in
which
a
was
the rate for
exchange at Paris on London and the easier
discounts at Berlin had some influence
upon francs
and marks.
The advance in short sterling seemed to
give rise to expectations of an early movement of gold
hence to
Europe, but it
exports will
seems
scarcely probable that
for, in the absence of induce¬
shipments, through a premium on the metal,
the progress of exchange towards the
gold-export point
would naturally be slow.
If seems possible, however,,
soon occur,
ments for
that if there should be
a
further material decline in
exchange at Paris on London, and if sterling rates
here were coincidently to
advance, there might be a
movement of gold hence to Paris as an
arbitrage opera¬
tion; even in that case, though, the exports would
probably not be in large volume.
Nominal quotations for sterling
exchange are 4 S3
@4 S3J4 for sixty day and 4 86J4 for sight. On Satur¬
day of last week the market was active and strong,
owing to a demand to remit for stocks sold for Euro¬
pean account and also to pay off loans abroad on
The Bank of England rate of discount was reduced American
securities, and, compared with the previous
this week from 5%, at which it has stood since Jan.
17, day, long advanced 30 points to 4 8175@4 8180, short
A PR. 13
1907.]
THE CHRONICLE
S:t/
45
points to 4 8565 @4 8570 and cables 50 points to
4 8630 @4 8640.
On Monday there was an irregular
fall, though the tone was generally strong, and long
was 25 points higher at 4
82@4 8205, short 10 points
lower at 4 8555@4 8560 and cables were off 15
points
to 4 8615@4 8620.
On Tuesday the market was
easier and 5 points lower for long at 4 8195@4
82,
15 points for short at 4
8540@4 8545 and 25 points
for cables at 4 8590 @4 8595.
On Wednesday there
was a recovery of 25
points all around, long to 4 8220
@4 8225, short 4 8565@4 8570 and cables 4 8615 @
4 8620.
On Thursday long rose 20 points to 4 8240
@4 8250, short 5 points to 4 8570@4 8575 and cables
5 points to 4 8620@4 8625.
TheTnarket was irregular
on Friday, with
long 10 points higher and short and
cables 20 points lower.
The following shows daily posted rates for
sterling
exchange by some of the leading drawers.
THE NEXT STEP IN CUBA,
The visit of
renewed discussion the question of future gov¬
ernment of the island.
It is not strange that during
the period of what may be called interregnum, which
up to
has existed since the rebellion of last year , was brought
to an end bv the intervention of this
Government,
controversy should have continued as to the possi¬
bility of annexation to the United States.
The attitude of our Administration on this1
question
has in the meantime not varied.
statement
Baring
& Co
Bank British
North America
Bank of
Montreal
..
\Sight-.;4
S3
86
82
83
80 Hj
82 Vi
80
86} a
8134
V2
85
J 60 days 4 S2
86
Canadian Bank
J 60 days 4 81 J<2
of Commerce..- -._tSight-. 4 8534
Heidelbach. Ickelj 60 days 4 82
heimer <fc Co
\ Sight.. 4 86
Lazard
/ 60 days 4 82
Freres
.(Sight.. 4 86
Merchants’ Bank
/ 60 days 4 S2
of Canada
.-.\Sight.: 4 86
-
\ Sight. .4
-
..
The market closed
on
S3
83
86 34
8634
8234
8634
83
S3
86 34
83
8634
823a
86
83
86 }a
83
83
8634
83 34
8634
;
j 60 days 4
4
J 60 days 4
-\Sight-.; 4
J 60 days 4
...\Sight-.
i
83
,
86 34
82
86
83
83
86 34
82 34
86
83
83
83
863
a
8634
S3
86}^
8634
83
83
!
83
!
8634
8634
8234
82 34
8634
8234
86 }<
8634
83 34
S6 34
j
8634
8234
8634
8634
83
wit, that Cuba must be turned over to a Cuban
Government, fairly elected, so soon as the conditions
of tranquillity in the
country permit and that the
stability of the Government established be assured-”
Notwithstanding this distinct attitude of our Gov¬
ernment, the agitation for a permanent American
protectorate, if not for the absorption of Cuba as &
State of the Union, has continued. Some of our news¬
papers have devoted themselves to this work, and
,
8634
83
8634
83
83
8634
1
!
1
8634
8334
8634
83 34
8634
8334
8634
Friday at 4 8250@4 8260 for
have
endeavored
long, 4 8550@4 8555 for
for property
for cables.
no
to
show
that
short and 4 86@4 8610
Commercial on banks 4 82@4 8210 and
documents for payment 4 81 % @4 82^. Cotton for
payment 4 81 ^§@4 81
cotton for acceptance 4 82 @
agree
to think that the situation is
4 8210 and
establishment of
grain for payment 4 82@4 82 J/g.
island,
to
8334
S6 } 4
8334
8634
8634
public
given out last Wednesday made the follow¬
a
visional Government under the Platt law in tins
S3
8634
Mr. Taft in
ing concise statement of the case.
'
“It is hardly necessary to reiterate that the
position
of President Roosevelt is
exactly what it was when
the first proclamation was issued
establishing a pro¬
I
i
1
i
Fri.,
Mon., ! Tucs., j HYd., j Thurs., Fri..
Apr.
5 Apr. 8 Apr. 9 Apr. 10 Apr. 11 Apr. 12
Brown
Bros. <fc Co
Secretary Taft to Cuba, where he is now
leading politicians, has brought
in conference with the
normal
conditions
and industry can be restored in Cuba in
It is needless to say that, we do not
with this contention; we are, in fact, inclined
other way.
more
favorable
to the
independent Cuban Government
permanent basis than it has been at any time since
Spanish war. The events of last year have shown
an
on a
The
following gives the week’s movement of money
by the New York banks:
to and from the interior
1
I
Week
aiding April 12 1907.
Currency
i
Received by
-V. Y. Banks
Shipped by
N. Y. Banks.
$5,283,000
Net Interior
Movement.
$6,043,000 Loss
1,464,000 Loss
the
that certain mistakes
or
omissions
original scheme of government.
the immediate
causes
of the
$760,000
557,000
were
made in the
Investigation into
rebellion of last year
proved that the basis of representation was not fair,
$7,507,000 Loss $ 1,317,000
employed gave indefinite oppor¬
tunity
for
the
use
of
coercion
by the existing Govern¬
With the Sub-Treasury operations and
gold im¬ ment at the
polls.
With
a good deal of reluctance,
ports, the result is as follows.
our representatives in
Cuba, examining the facts in a
Into
Out of
Net Change in
judicial
Week ending April 12 1907.
capacity,
were
1
obliged to admit that the elec¬
Banks.
Banks.
Bank Holdings.
tions
of
1905
were
so
Banks’ interior
unfair
as to give basis for the
above.'
$6,190,000
$7,507,000,Loss $1,317,000
Sub-Treas. oper. and gold imports..
30,400,000
25.900,000 j Gain
4,500.000
charge of the defeated party that its vote had been
Total gold and legal tenders
$36,590,000
$33,407.000.Gain $3,183,000
practically suppressed.
The following table indicates the amount of bullion
It is quite true that similar injustice
may occur
in the principal European banks.
and has at times
occurred, even in this country.
There have been frequent occasions when the
vote of
April 11 1907.
Gold
907.000
Total gold and legal tenders.
and that the methods
$6,190,000
movement as
April 12 1900.
Bank oj
a
Gold.
Silver.
£
£
England.. 35,456,644
France... 103.367,020
39,087.553
10,254,000
5,8S8,000
12,384,000
Spain
15,447.000 25,090,000
Italy
32.335,000
5,097,200
Neth* lands
5,148,100
5,628,000
Nat.Belg.a
3,350,000
1,675.000
Sweden
4,153,000
Germanyn 30,761,000
Russia d.. 119,527,000
Aus.-Hunb 45,172,000
..
Total.
Gold.
Silver.
Total.
£
£
1
£
£
35,011,655
35,011,655
118.342.450 42,004,600160,347,050
34,342,000 11,448,000 45,790,000
92,199,000
4,803,000 97,002,000
46,002,000 12,788,000 58,790,000
15,093.000 23,798,000 38,891,000
28,360,000
3,886,700 32,246,700
6,053,200
5,945,200 11,998,400
5,025,000
3,526,000
1,763.000
5.289,000
4,153,000
3,833,000
3,833,000
35.456,644
142.454,573
41.015.000
125.415,000
57,556,000
40,537,000
37,432,200
10,776.100
Total week394,716,764 105.103,753
499,820.5173S2,762,305
Prev. week 390,660,200 104.027,986 494,688.186
382,172,317
106,436,500489,198.805
105,942,884 488.115,201
a The division (between
gold and silver) given in our table of coin and bullion
In the Bank of Germany and the Bank of
Belgium Is made from the best est.ima
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 a
silver; but we believe the division we make is a close
approximation.
b The Austro-Hungarian Bank
Statement is now issued in Kronen and Heller
instead of Gulden and Kreutzer.
The reduction of the former
currency to sterling
Pounds was by considering the Gulden to have the
value of 80 cents.
As the
Kronen has really no greater value than 20
cents, our cable correspondent in
London, in order to reduce Kronen to Pounds, has altered the
basis of conversion
by dividing the amount of Kronen by 24 instead of 20.
d The total of gold in the Bank of Russia
includes the balance held abroad—
that is, the amount held for Russian account in
other Continental banks.
The
proportion so held and consequently duplicated in the above
statement, is about
one-quarter of the total.
district
or
of
a
State has
notoriously been turned,
by the use of illegal voters, by the purchase of enough
qualified voters, to shift the majority, or by the actual
suppression or manipulation of important returns,
from the party which
really held it. Nothing that
could be alleged by a defeated
party in Cuba would,
we should
suppose, provide a parallel to what waa
alleged and largely proved by the party which claimed
unsuccessfully a majority for Mr. Tilden in the Elec¬
toral
College of_1876.
These great abuses were, however, counterbalanced
by the conviction of the American people that the
power to remedy them lay
could in time be exercised
in the people’s hands, and
by them. The result has
abundantly justified such confidence.
elections of
our
Abuses in the
candidates still exist, but
they
are
838
fewer in number and result
THE CHRONICLE.
rule from novel
[VOL.
LXXXIV.
granted their own right to self-government, by which
pedients. More than this, the manner in which the process they may at least begin to shake off their old
wrongs of the past have been thus grappled with tradition of arbitrary despotism tempered by
revolt
has strengthened belief in the power of the people to and
anarchy. While this experiment goes on, it
deal with all new phenomena of the sort.
seems to us that
people who clamor for the instant sub¬
as "a
ex¬
In time this should be the state of affairs in Cuba.
But the Cubans not only have not the advantage of
version of Cuban
independence and instant absorption
into the American Commonwealth
deserve the thanks
Anglo-Saxon tradition,but they are handicapped,
not only through imperfect electoral
machinery but
by unfortunate traditions of their own, partly arising
neither of America
from the slower instinct of the Latin
THE NEW YORK CENTRAL REPORT.
The annual report of the New York Central & Hud¬
son River Railroad Co. for the calendar
year 1906,
issued this week; enables one to get a
pretty good
an
race
towards self-
government, but mostly from their own heritage
of belief that rebellion is the only recourse
against po¬
litical
nor
of Cuba.
injustice. It would have been more than strange
in¬
Cubans, within a decade of their political en¬ sight into the situation of this important property.
franchisement, should suddenly forget the instinct Like other large railroad systems, the New York Cen¬
which led them to take the .field in revolt whenever tral is confronted
by a set of conditions which make
the Spanish Government became unusually
unfair the outlook for the future somewhat involved. The
and oppressive, or times became
unusually hard. As company in recent years has been obliged to raise very
a remedy for such a
political condition, there are only considerable amounts of new capital, and is under the
two possibilities*
It may be assumed that the people' necessity of earning a return on this additional
capi¬
will forever remain incapable of decent
self-govern¬ talization. The money has been employed in making
ment or it may be assumed
that in time they will additions to the road’s facilities so as to meet the re¬
acquire the traditions of the Anglo-Saxon communities. quirements of a steadily growing business, and in de¬
If the first supposition is to be
accepted, it surely ought fraying the cost of extensive improvements in its
to dispose at once and finally of
any idea of admitting terminals at this city, entered upon in response to a
Cuba to the Union of the States.
And if it be con¬ public demand which could not be
appeased in any
tended that nothing can cure the
propensity of the Cu¬ other way. At the same time, operating cost has
bans to revolt whenever they are dissatisfied with re¬ been
rapidly rising and will still further increase during
strictive legislation, then it is hard to see what reassur¬
1907, as the result of advances in wages and the
ing features would lie in the future with the United higher price of fuel, materials and supplies.
As it
States ruling Cuba as a colonial dependency.
happens, too, the Central last December made a
The holders of such a theory seem to
us, in fact, to moderate advance in its dividend, raising the rate
be on the horns of a dilemma. Certainly if there is
any from a basis of 5% per annum to 6% and only oneground for expecting that they will struggle into the quarter of the extra 1% counted in the results for the
position where they can administer their own affairs, late calendar year. The situation, therefore, is
that
it is to the interest of the United States itself to en¬ the
company will have enlarged outlays to meet in
courage the experiment rather than to embark on the various directions, and the
point of importance is, how
perilous sea of colonial administration. The argument well prepared it is to cope with such a state of
things.
is familiar that we must intervene in order to
protect
Obviously> conclusions on this point must be predi¬
the new industrial development of Cuba.
But it cated on the operating and income achievements of
must be remembered that this very industrial
develop¬ 1906/as portrayed in the present report. Subjected
ment will bring with it great
changes in population, to this test, the promise appears on the whole assur¬
and habits of life, and that the old rural
proletariat, ing. Gross earnings in 1906 increased roughly $6,which was disposed by its instinct and able
by its 000,000 ($5,994,167) on top of the large increases of
habits of life to take up arms against the Government
preceding years, but, owing to the augmentation in
and escape into the interior, is likely before
very long expenses, not quite 1J4 million dollars of this was
to cease to be the
predominating element among the carried forward as a gain in the net. Nevertheless,
Cuban people.
the income account shows that over and above the
Secretary Taft, in his statement to Governor Ma- dividend payments out of the year’s earnings, a surplus
goon, takes all this for granted in a calm and rational of $3,134,762 remained on the
operations of the twelve
way.
Summing up first the idea of various parties months, this comparing with a surplus for 1905 above
as to the length of time
required to take a census on the smaller dividend payment of that year of only
which the new elections might be based,
he reaches $2,113,34S. It deserves to be noted that the surplus
the conclusion that no arbitrary date be
fixed, but in both years is the sum remaining after certain spe¬
that all necessary time be allowed for the
taking of cific appropriations for new construction and new
such a census, and that the
preliminary elections shall equipment had been included directly in the expense
not be held until after the results of that census have accounts.
For 1906, the amount of such
outlays
been received.
More than this, he advocates that the
charged to expenses for construction and equipment
formal official election shall not be required to be held was
$1,308,260.
What disposition was made,of the
within six months after the preliminary election. This
surplus of $3,134,762 remaining on the operations of
arrangement is likely to postpone the real inauguration the twelve months of 1906? The sum of
$2,800,000
of a Cuban Government until well on in 190S.
We was set aside as a special improvement fund for new
do not know that this delay is at all
undesirable, al¬ equipment and betterments and $315,328 was charged
ways provided that the attitude of our Government off for sundry uncollectible items and reduction in
the
be rigidly maintained and clearly understood. Much value of
assets, leaving only $19,434, which was car¬
may be gained by educating the Cubans in taking for ried forward to the credit of
profit and loss.
if the
,
Apr. 13
THE CHRONICLE
1907.]
As
already intimated, increases will have to be
counted on during 1907 in many different items.
The dividend payments for 1906 represented 5J4% on
$149,197,800 stock, calling altogether for $7,832,884.
The company’s share capital now is $178,182,700.
Assuming that the 134% paid for the December quar¬
ter will be continued through 1907, the company will
have 6% to meet on this $178,182,700 of stock, mak¬
ing the dividend call $10,690,962, or $2,858,078 more
than was paid for dividends in 1906. Other things
being the same, the $3,134,762 surplus remaining for
have
839
of
knowing the aggregate of the aug¬
mentation in expenses that will result from that cause.
Whether any offset through savings in expenses in
other directions will be possible is also problematical.
Though operating methods on the Central in recent
years have been brought up to high standards, as is
we
no means
evident from the fact that the train-load both in 1906
and
1905
The
averaged 459 tons, operating cost keeps
steadily advancing. Entirely exclusive of the large
taxes paid (amounting in 1906 to over $4,000,000),
and not counting the charges to expenses for new con¬
struction and new equipment, the ratio of expenses to
gross earnings in 1906 was no less than 70.53%, this
comparing with 69.65% in 1905 and 69.45% in 1904.
It is probable,however, that some saving can be effected
in the expenditures for renewal of equipment, since the
equipment is now in very superior physical condition.
The matter therefore resolves itself into a question
of whether a continued improvement in the gross re¬
ceipts can be depended upon. Should the gains in
gross be large, they would overcome the increase in
the expense account.
On the other hand, should they
be of only moderate extent, they would not suffice to
offset the augmentation in expenses.
Which is the
most likely outcome will obviously depend on the
course of general trade the remainder of the year.
Not a few well-informed persons contend that some
annum
recession in business must be looked forward to in the
1906 would
more
than suffice to take
care
in 1907 of
this additional payment of $2,858,078 for
The company would in that event have to
dividends.
forego the
$2,800,000 special appropriation for improvements
made out of the surplus of 1906, but would not have to
trench upon the $1,308,260 applied towards new con¬
struction and new equipment in 1906 and charged di¬
rectly to the expense account.
This computation, however, leaves altogether out
of consideration the increase in the company’s income
from investments.
The advance in the Central’s
dividend rate in December
was
own
coincident with
en¬
larged dividend declarations by the Michigan Central
and the Lake Shore & Michigan Southern companies,
the bulk of the stock of both of which the Central
owns.
Michigan Central rate was increased from 4% per
to 6% and the Lake Shore rate from 8% to
12%. As the larger declarations related to the last
six months alone, and came at the very close of the
year, only a part of the increase got into the income
from investments in 1906.
As was pointed out by us
last December in reviewing the company’s prelimi¬
nary figures for the year, the method adopted was
to take into the 1906 accounts only such portion of the
higher dividends as actually accrued in 1906. As the
dividends were payable the latter part of January 1907,
this means that the 1906 results got the benefit of the
higher dividends for only five months. The Central
owns $45,289,200 of the stock of the Lake Shore Com¬
pany, on which the 4% additional dividends will yield
$1,811,568 per annum, whereas only $754,820 of this
increase appears in the 1906 accounts, leaving $1,056,748 more to come in 1907.
Of Michigan Central stock,
the New York Central owns $16,814,300, and on this
the 2% extra which that company is paying will afford
an added income of $336,286, of which only $140,119
entered into the 1906 accounts, leaving $196,167 more
to come in 1907, provided the same rate of dividends
is maintained.
Altogether, it will be seen the higher,
of
dividends
on these two stocks will yield $1,252,rate
915
more
in 1907 than the
sum
credited in 1906.
This
$1,252,915 will just meet the \\i million dollars in¬
terest on the $25,000,000 of 3-year 5% notes put out
by the Central since the close of 1906.
There remains for consideration the
creased
operating cost.
In this
case
question of in¬
it is not possible
early future, and the fact that the borrowing power
of our railroads has been so largely curtailed, making
it necessary for them to curtail their new capital ex¬
penditures, gives more or less force to the idea. We
claim no prophetic vision in that respect.
Nor is it
within the ken of any one to tell what the agricultural
outcome the coming season, upon which also so much
will depend, is likely to be. This much, however, can
be affirmed, that in the Central’s case there are special
circumstances and conditions that warrant expecta¬
tions of improved revenues apart from the question
whether
industries
thriving and ex¬
panding or not. We have referred above to the in¬
crease in gross earnings in the late year as having been
$5,994,167. On examination it is found that $2,807,391 of this increase came from the passenger depart¬
ment—that the increase in freight revenues was only
$2,511,951. This appears rather small for a year of
trade activity like 1906, and the impression is strength¬
ened when we look at the tonnage moved and discover
that this increased only 708,578 tons, or less than 2%.
Examining now the classified statement of traffic
we
our
discover that
no
are
to go on
less than 21 out of the 39 items
of
freight separately given show lower amounts car¬
We need refer to only two
of these, since they furnish the key to the whole situa¬
tion.
The Central has in recent years become a very
large carrier of coal, as has been many times pointed
out in these columns, and the statistics bring out the
ried in 1906 than for 1905.
exact or definite figures because so many fact that the bituminous coal traffic decreased no less
unknown factors enter into the question. Thus, no than 1,271,327 tons in 1906 and the anthracite coal
traffic decreased 380,588 tons, making together a loss
one can tell what the company will be obliged to pay
to
give
any
in coal tonnage
of over 134 million tons. This loss,
judge, will be regained in 1907. The report
operations. Should trade slacken somewhat, perhaps
ascribes
the
it will be possible to purchase materials and supplies
shrinkage in the coal tonnage to the fourin the bituminous fields and the subse¬
months’
strike
on more advantageous terms than at present seems
likely. On the other hand, the increases in wages quent inability to concentrate the scattered car supply
cannot be escaped.
For certain classes of employees, for coal movement. Not being in use, the cars drifted
the advance, we understand, amounts to 10%, though far away from home, and it was no easy matter to get
later in the year
for
many
of the supplies needed in its
we
should
840
THE CHRONICLE.
them returned to the points where
For this reason the effects of the
they were needed.
suspension of coal
at
4h£%
[VOL.
LXXXIV.
and turned the equity over to a
corporation with stock having a par value of $250,000,
per annum
mining may really be .said to have extended over a on which they were able to
pay 4% semi-annual divi¬
period of full}" six months. There will be no such dis¬ dends. Did they water the stock? This
stock wras
turbance in 1907 and consequently the coal traffic listed on a local
exchange, speedily sold for $150 each
seems
likely to increase again. Altogether, then, $100 share, and remained at about that
figure. Did
are we not warranted in
assuming that the increase in the exchange, or the buyers or the sellers on the ex¬
the pay-roll and other items of expenses
may reasonably change, wTater the stock?
Later the corporation pur¬
be expected to be met by an expansion in the volume chased
adjacent property and added to its building,
of business?
expending for the purpose $125,000, wriiich it obtained
Financially, the Central is evidently in good shape; by selling shares to its stockholders at $125
per $100
and though it is carrying on a
very extensive series of in par value.
Was this stock-watering?
improvements, the company would seem to be ade¬
A street railway corporation
spent $10,000,000 to
quately supplied with funds for a considerable time to •build a cable system, and secured that
amount by
come.
The stock was increased twice
during 1906, selling $7,500,000 at 80 in 4% bonds and an equal par
namely in March by the issue of $16,947,S00, and value in stock to a
banking corporation for the
again the latter part of the year by a further issue of ($4,000,000) balance of the sum needed.
Without
$28,984,900, making together no less than $45,932,700. the $7,500,000 stock the bonds could not have
been
It appears from the balance sheet that the
company’s floated; and yet the bonds with the aid of the street
investments in the stock and bonds of other
companies railway they helped to build sold within a moderate
increased during the twelve months from
$143,566,811 time in the market at $900 per $1,000 in par value
to $154,411,053.
The increase is mainly accounted for and the shares for $50
per
$100 par value,
by the purchase of $6,000,000 more of the stock of the making a total of
$10,500,000.
Was this stockMohawk Valley Ry.,
controlling street railway proper¬ w’atering?
Long before the cable system became
ties in which the Central is interested, and the
purchase wTorn out the people of- the city it served came to
of $574,800 of the stock of the Boston & Maine RR—
regard it as obsolete and unsatisfactory on account of
the
latter
an
announcement
which
is
and
The
the
development of electric service in the streets of
carrying other cities. Therefore, while it still regarded the
new.
funds raised, however, were for the
purpose of
on the
company’s extension and
improvement work; cable system
though
of the amount went to reimburse
capital outlays made the previous
a part
as
w’orth what it had cost, wiiile all the
stock and bonds referred to
after a short period,
were
still
outstanding,
during which the wrear and tear
year, and another part went to meet the capital ex¬ of daily
usage had been fully offset by liberal main¬
penditures of 1906, a considerable portion of the whole tenance expenditures, the street
railway corporation
amount raised still remained
unexpended at the close consented, at the earnest solicitation of its patrons, to
of the year.
This is evident from the fact that while, substitute an electric
system. The change cost
on Dec. 31
1905, the current assets'were reported $5,000,000, and this amount w*as obtained
by a newr
$27,933,659, with current liabilities of $26,378,928, issue of $6,250,000 in bonds sold at
80, secured by a
showing an excess of assets of only about 13d> millions, second mortgage and
carrying 5% interest. Can any
on the other
hand, for Dec. 31 1906 the balance sheet
water” be detected and
charged to exist in this case
reports current assets of $37,765,112 with current lia¬ of capitalization?
bilities of $18,894,078, leaving an excess of assets in
It finally came about that a new
corporation was
the sum of almost 19 million dollars.
Now, add to this organized to consolidate all the street railways in the
the fact that in February of the present
year the com¬ city referred to.
It took up all of the $7,500,000 in
pany negotiated $25,000,000 of 3-year notes, and there par value of
shares, the $7,500,000 of 4% bonds and
would appear to be no
escape from the conclusion that the $6,250,000 of 5% bonds, and in
exchange for them
it must be well supplied with funds for some time to issued
$15,000,000 in 3j^% bonds running for 99 years
come.
and $15,000,000 in
stock, an imaginary security
helping to effect reorganization.
The old stock
STOCK-WA
had never paid any
dividends, there was no
The term" * ■ s to c k watering ’ ’ is much more
easily promise of dividends on the newr stock, and
used than defined.
It is exceedingly doubtful whether
plainly no promise in the condition of the city
those from whose tongues it most
glibly runs have, on its chance of immediate growth that dividends
commonly, any clear idea of what they mean when w’ould soon be paid or earned. The old bonds had
they use it.
required the payment of
the company
for
new
“
-
A merchant
paid $1,200 for a corner lot, erected a
$4,800 store upon it and for a quarter of a century
conducted
moderately successful business
a
therein.
During this time the city in w’hich he w’as located
grew’ rapidly, and the corner he had selected became
the
centre
of
its
most
prosperous
retail
district.
Property adjacent sold repeatedly and each successive
sale w’as at a higher price. Yet the conservative
merchant always carried the property on his books
at the cost price, $6,000.
At the end of the period
of
tw’enty-five
years his heirs tore down the building
he had erected, built an office
building costing $350,000
on the site, secured a loan of
$250,000 on the
property
$612,500 interest per annum;
bonds, although bearing an aggregate face
value of $1,250,000 more than their
predecessors,
called for but $525,000, or $87,500 less of annual
interest. Did this reorganization .of
capitalization
add “wrater” to the securities
outstanding?
A raihvay, originally built
through a sparsely popu¬
lated region for $20,000
per mile of scantily ballasted,
poorly equipped, single-track line, became at once a
sharer in the exceptional
prosperity wdiich resulted
from opening a new’
territory exceptionally rich in
natural resources to settlement and
industry; and
while abundant prosperity came to all whom it
served,
was able, out of
revenue, to improve its property by
the
new
Apr. 13
in cash for his allotment.
Was there
a
To build the cable system was no error of
transit.
spending another $20,000 per mile upon it. Having
done so, it issued a stock dividend of 100%, the aggre¬
gate of which just equaled the aggregate expenditure
for actual betterments. Was this watering the stock?
Later, when the $50,000,000 in par value of shares of
this company had long been paying 7% annual interest,
which might easily have been increased, the company,
desiring to make important new extensions, made a
100% new issue of stock, the stockholder to pay par
“
841
THE CHRONICLE
1907.1
judgment when it was built, to make the change was
costly, but wise and necessary; why ought not the
whole expense to be a proper charge to the capital
account?
It will be admitted that shareholders would
be better off if all such
changes could be provided for
earnings; but such a policy would often indefi¬
nitely postpone progress demanded by the pub’ic, for
users would not be willing to pay the rates necessary
to meet this form of depreciation.
That capital would
bear it and do so without demanding an immediately
augmented return was vastly to the advantage of every
user.
This is equally true of the readjustment ac¬
companying the consolidation.. We believe that can¬
out of
creation of
water”
by these transactions?
Now all of the foregoing are typical cases of what is
occurring nearly every day, or has frequently occurred
in the past, in the development of the private and
quasi-private (if, also, quasi-public) industries of the
United States. They represent just those things
which are the subject of popular opprobrium and the
object of radical agitation and demagogic legislative
suggestions at the present moment. If any one has
been harmed by them it ought to be possible to point
him out and expose the exact nature and the precise
extent of his injuries.
In the absence of such evidence
it may not be unfair or unreasonable to assume that
those who denounce over-capitalization do so without
accurate knowledge of the thing they condemn, of the
conditions under which it happens or of the effects
which it produces.
did examination will show that the
same
is true with
regard to the other examples. The fact is that these
transactions are wholly between owners and potential
owners and have no direct effect upon users.
They do
affect charges and services supplied indirectly, in so far
as by attracting a repelling capital they tend to in¬
crease or diminish the supply of facilities and augment
or
reduce the current rate of interest demanded.
In
other
words, if entrepreneurs are permitted, by liberal
laws as to capitalization, to make their offers for capital
on terms which appeal to the widest possible circle of
investors the supply of capital will be greater, facilities
will be better and more ample and charges will be
lower.
The attitude of the
general public, exclusive
office building erected by his heirs, we see that the low of investors, toward this subject should be to let it
capitalization at which the merchant carried the prop¬ alone, for in thaxt way will the general interest be best
erty on his books did not interfere with his actual served.
accumulation of profits.
He received no more and
GROWTH OF ELECTRIC RAILWAY
no less for his goods, the property itself was worth no
If
we
return to the case of the merchant and the
*
more
and
no
less at his decease.
Yet there is
exclusive than that of an advantageous
business site in a thriving community.
When his
heirs brought the capitalization of this real estate up
to an equality with the reasonable valuation of sur¬
rounding lots, they did not affect its salable value or
increase their own wealth, or enable themselves to
obtain higher rates.
What they did was, in effect,
just what the Kansas farmer does when he asks and
gets for his farm ten times its cost. The transaction
in each case is an adjustment of what was actually
little more than a bookkeeping valuation to the real
value as established by the large number of purchasers
arriving and income from crops or by the income from
rents fixed by the demand for and the supply of offices
for rent or farms for sale in that section or city.
As
in their inherited conservatism the owners of the city
lot adopted a percentage rate of capitalization of the
annual net income that was higher than the current
rate on equally secure investments, the market price
of the shares they sold quickly adjusted itself to the
real value which they had underestimated.
If an)’
one was injured it must have been the very early
monopoly
OPERATIONS.
no
At the end of this article
more
|
j
were
built into the suburbs and out into
sur¬
a step further was taken and
the electric railway became interurban and inter-State
in character, and now we have numerous instancea
j rounding country. Then
j
j
j
j
j
by the successive transactions j
corporation? Of these the one j
most likely to be questioned is perhaps the issue of j
$6,250,000 to pay for the change from cable to elec- |
tricity. Yet, without this issue, the company would j
have gone along earning a fair rate on its original
issue of bonds and nothing on its stock, and would
only have suffered, in common with all the citizens
and industries of the city, by the fact that the whole
community was tied to an antiquated system of urban
present certain elaborate
compilations which serve to illustrate the growth and
development of electrical railway enterprises in the
United States. In these compilations we undertake
to show, as comprehensively as may be, the earnings
of street and electric railways for the last two calendar
years.
The course of electrical railway development,
in this country is, of course, familiar to our readers.
At first the process consisted simply of the conversion
of the ordinary street railway from horse power to
electrical power. As it was quickly demonstrated that
the new means of propulsion meant great economy in
operation, the use of this form of energy as motive
power was rapidly extended.
Local tramways were
no longer kept confined within city limits, but exten¬
sions
vendors of these shares.
Was any one hurt
of the street railway
we
through different States and connect
wide stretches of territory.
Under these circumstances it is not strange that
electric railways are growing in importance and that
through steady increase the aggregate of their income
keeps rising from year to year and is now represented
by figures of large magnitude. We have undertaken
to procure returns of gross and net earnings for the
calendar year 1906 as compared with the calendar year
1905 in the case of practically all the street and electric
roads of any size in the country. The success attend¬
ing our efforts can be judged from the tables which con¬
clude this review. The task has not been an altogether
of roads that
easy one.
run
AWhere companies furnish monthly returns
842
THE CHRONICLE.
[VOL.
LXXXIV.
of their
earnings it has of course not been difficult periods, and particularly for the fiscal years ending
the figures. But the number of companies with June 30 or September 30. While this method is
making such returns is still exceedingly meagre, not¬ open to the objection that the results do not cover a
withstanding that with the increase in the capital in¬ uniform period, it is well to bear in mind that in the
vested in these properties the policy of secrecy in their case of these electric
railways it is simply impossible
affairs, so characteristic of their management in the to get returns for them all for a common period. This
past, has in large measure given way to more enlight¬ was made plainly apparent at the time of the Census
ened methods.
inquiry. In compiling its elaborate volume covering
Another obstacle in obtaining statements for the 1902 the Census had to rest
contented, it may be
calendar year has been the fact that the fiscal
year recalled, with the same methods, its figures covering
in hardly any of the States corresponds with the calen¬ mixed
periods—that is, in many cases being for the
dar year.
It is true that only in the case of a few of fiscal years of the companies reporting instead of for
the larger Eastern States are periodic returns
required the fiscal year selected by the Census Bureau.
to be made to the State authorities, but even
In the table which follows we start with the total of
among
these there is but one State which calls for
reports gross and net for the calendar years 1906 and 1905,
for the calendar year. The exception is New
Jersey, as given in our detailed summary, and then add two
and there the information is so
meagre as scarcely to other lines of figures, one recording the earnings of
warrant the designation of a report.
In Massachusetts all the roads for which we have returns for the twelve
the annual statements cover the twelve months
ending months ending June 30, and the other the earnings of
September 30, and in New York, Connecticut, Penn¬ all the roads for which we have the figures for the
sylvania, Maine and a few of the minor New England twelve months ending September 30. The three com¬
States they cover the year ending June 30. Outside bined make a
very comprehensive aggregate.
of the returns from these States very little of an official
Gross
Net
1906.
1905.
1906.
1905.
character can be obtained from public documents,
$
$
$
$
since hardly much attempt is made to collect statistics For calendar year as be¬
low (181 roads)
215,153,525 192.672,458
92,442,309
82,873,597
of any sort concerning the electric railways, and where For years ending Sept.30
(85 roads)
23,708,187
21,903,055
6,798,109
6,362,720
the information is collected, it is rarely rendered avail¬ For
years ending June 30
to make up
-
able for
(202 roads).
use.
Nevertheless,
have succeeded in securing a very
comprehensive body of returns. Our exhibit com¬
prises no less than 181 separate roads, and these show
aggregate gross earnings for the twelve months of
1906 of $215,153,525 as against $192,672,458 for the
twelve months of 1905, and aggregate net
earnings of
$92,442,309 against $82,873,597. From these figures
alone it is easy to see how important the electric rail¬
ways have become.
But the additional figures we
present make the fact still more plain. It will be
noticed that the increase in the gross earnings has been
$22,481,067, or 11.67%, and the increase in the net
earnings $9,568,712, or 11.54%. The close corre¬
spondence between the ratio of gain in gross and the
ratio of gain in the net attracts attention.
From the
amount of the increase in expenses it is apparent that
the electric railways, like the steam roads, have felt
the augmentation in the cost of labor, fuel, materials
and supplies.
Yet these electric railways must be
deemed fortunate in being able to show a ratio of
improvement in the net only fractionally smaller than
we
the rate of increase in the gross.
In addition to the roads which have furnished re¬
turns of both gross and net earnings, 37 other roads
have favored
with
comparative figures of gross
earnings, but not with the net earnings. Adding these
on, the number of roads is raised to 218 and the total
of the gross to $238,086,523 in 1906 as against
$213,518,518 in 1905. The increase in this case is $24,568,005, giving a ratio of gain which does not
differ much from that in the other case,
being
11.51%.
These totals all relate, as already stated, to roads
us
which have favored
us
with statements for the calendar
whose figures we have been able to make up
period of twelve months. It will be interest¬
ing to carry the investigation a step further, as we
have done on some previous occasions, and take into
account the roads whose figures are available for other
61,705,741-
55,020,038
Grand total (468 rds.) 300,567,453 269,595,551
Increase
30,971,902
(11.49%)
24,787,759
126,580,195 114,024,076
12,556,119
(11.01%)
In this way,
it will be seen, we get total gross earn¬
ings (comprising 468 roads) of $300,567,453 for 1906
against $269,595,551 for 1905, and aggregate net
earnings of $126,580,195 against $114,024,076. The
increase in the gross in this instance is $30,971,902,
or 11.49%, and in the net it is
$12,556,119, or 11.01%.
Here again the ratios of gain in gross and net
vary
very little.
It should be clearly understood that this is not an
attempt to indicate the aggregate of the gross and net
earnings of all the street and electric railway under¬
takings in the United States. It is simply making
use of all the
figures that have been placed at our dis¬
posal or which are available. The totals in the fore¬
going fall considerably short of recording the entire
earnings of electric railways in the United States.
The minor roads not represented would not swell the
amount to any very
great extent, but the fact is that
of the
large companies are also missing because
no data concerning their income could be obtained.
Among these may be mentioned the Chicago Union
Traction lines, the Cleveland Electric Railway, the
Cincinnati Street Railway, the Indiana Columbus &
Eastern Traction Company, the Public Service Cor¬
poration of New Jersey, the Pacific Electric Railway
of California, the Los Angeles Interurban
Railway,
the Omaha & Council Bluffs Street Railway, the Vir¬
ginia Passenger & Power Company, the Spokane & In¬
land Empire Railroad and the Wheeling Traction
Company. It is apparently within bounds to say that
if we could have returns covering all the electric
railways in the country, the total of the gross would
some
year or
reach
for that
tions the business of the electric
27,339,786
$375,000,000—which indicates
to what propor¬
railways has risen.
of the electric railways furnish elec¬
tricity for lighting and power purposes in addition to
doing a railway business, and the earnings from that
Of course, many
Apr. 13
of
source
form part
of their total income.
number of cases the earnings
course
On the other hand, in a
from lighting and Other sources
from the street railway income,
is included in
843'
THE CHRONICLE.
1907.J
tables.
our
have been separated
and the latter alone
This is true, for instance,
AT/,#
Road.
Northern Texas Tr. Co.a.Oakland Traction Co
Ohio RIv. Elec.Ry.ds P. Co.
Oklahoma City Ry. Co.b.
Paducah Trac. & Light Co.
PascagoulaSt.Ry.& P. Co.a
Peeksklll Light. & RR. Co.
Penn. & Ohio Ry. Co.a
Phlla. & Chester Ry.b
1906.
1905.
Philadelphia Co. (including
affiliated corporations). 18,293,538
Elmira
Phlla. & W. Chester Tr. Co
Pitts. McK. & Greens. Ry.
p241,345
211,176
Piattsburg Trac. Co
bPortland (Ore.) Ry. Co
24,517
Railway & Light Company and the
Water, Light & Railroad Company.
The following is the detailed statement already re¬
ferred to and which shows separately the comparative
figures for each road contributing returns for the last
two calendar years.
STREET RAILWAY
GROSS AND NET EARNINGS FOR CALENDAR
YEAR.
-Gross-
Road.
Albany & Hudson RR.b..
Allentown& Reading: Tr.Co
Anniston Elec. & Gas Co.a
Asheville Electric Co
Astoria (Ore.) Elec. Co.a.
Atchlson Ry. Lt. & P. Co.a
Athens Electric Ry
Atlantic Coast Electric RR
Auburn & Syr. Elec. RR.b!>
Atlantic Shore Line Ry.Co.
Austin Electric Ry
$230,828
161,593
106,015
203,026
98,125
33,628
76,321
267,395
284,795
71281.158
111,712
333,918
274,462
118,476
391,467
298,332
1,932,878
89,041
60,738
Bristol Gas & Electric Co_a
Brockton & Plym St. Ry.a
111,775
Brooklyn Heights RR.Cob 13.650,277
1,569,821
Bklyn. QueensCo.& S.b.
Nassau Electric RR-b..
3,278,548
54,162
Coney Isl. & Grave. Ry.b
Buffalo Southern Ry.b
50,759
(448,684
Butte Electric Ry.a
Bangor Ry. & Elec. Co.a.
Blnghamton Ry. Co.b
Birmingham Ry.L.& P.Coa
Blue Hill Street Ry_a
—
Cape May Del. Bay & Sew.
-Net1905.
1906.
$231,421
175,063
130,759
239,099
106,662
35,283
93,728
289,831
336.490
293,141
-
1,630,514
84,125
53,455
102,143
12,536,514
1,395,418
3,118,278
46,360
37,893
(409,289
23,293
18,208
Capital Traction Co (Wash)
Cedar R^P.—Iowa CltyRy.
1,708,463
1,636,327
& Light Co_a.
Ced.Rap.—MarlonCy.Ry.a
249,994
220,721
160,050
680,286
(654,391
7,871,126
148,906
138,183
588,674
(614,963
7,322,080
139.408
594,875
98,558
245,089
543,226
199,226
34,513
(1,470,209
1,617,806
46,047
49,879
934,706
93,752
5,125,563
d62,949
663,423
230,765
175,665
283,264
1,728,347
Point Ry
-
Central Penn. Trac. Co—
Charl’n Con.Ry.G.&El.Co.b
Chicago City Ry. Co.a
Chicago Electric Trac. Co.a
Chic. & Mllw. Elec. RR—
Cleve. Palnesv. & Ash. RR
Clev. Palnesv.& East.RR.a
Cleve. & Southw. Ry.b—
Columbus (Ga.) Elec. Co.a
Col.New Alb.& Johns.Tr.a
Columbus (O.) Ry.& Lt.Co.
Coney Isl. & Bklyn. RR.b.
Corn.& Paint.Post.St.Ry.b
Cortland Co. Trac. Co.b..
Dallas Electric Corp.a
Del. Co. & Phlla. El. Ry..
Detroit United Ry. Co.a..
Du Bols Elec. & Trac. Co.b
Duluth Street Ry.bEastern Ohio Trac. Co.a.
E. Wise. Ry. & Lt. Co.a..
Easton Cons. Electric Co__
E. St. Louis & Subur. Co..
Elmira Water,Lt.&RR Cob
El Paso Electric Co.a—
Falrmount Park Trans. Co.
Fitch. & Leom. St. Ry.b..
Ft. Wayne&Wab.Vy.Tr.Co.
.
-
Freeport RyLt.& Pow.Co.
Galveston Electric Co
Geneva Waterloo Sen.Falls
& Cay. Lake Trac. Co.a.
884,207
103,095
271,100
645,850
291,244
52,582
(1,572,969
1,682,005
50,063
68,608
1,023,136
104,389
6,063,182
72,908
768.875
240,108
189,996
326,693
2.041,451
(212,148
391,656
dl34,501
255,741
1,109,032
81,600
315,135
96,431
Georgla Ry. & Elec. Co.a.
2,894,923
Grand
Rapids Railway Co.
Gray’s Harb. Ry.& Lt.Co.a
Green Bay Traction Co—
910,028
Helena Light & Ry. Co—
150,072
134,205
247,154
Holmesburg
Tacony
&
Frankfort Elec. Ry
Houghton Co. St. Ry.a—
Houston Electric Co.a
Hudson River Trac. Co—
Hudson Valley Ry. Co
Illinois Traction Co.a
Indiana Union Trac. Co—
Indlanap.Col.&So.Tr.Co.aIndlanapolls Tr. & Ter. Co.
International Trac. Co
Jackson Cons. Trac. Co—
Jacksonville Electric Co.a.
Jersey Central Trac. Co.b.
Johnstown (Pa.) Pass. Ry.
Kansas City Ry. & Lt. Co.
Kingston Consol. RR.b—
Knoxville Ry. & Lt. Co.a.
Kokomo Mar. & W. Tr. Co.
La Crosse City Ry. Co.a..
Lake Shore Electric Ry.aLebanon Valley Street Ry.
Lehigh Valley Transit Co.
Lexington & Interurb Rys.
_
Lincoln Traction Co
Little Rock Ry. & Elec. Co.
Railway Co.b
Louisville Railway Co
Macon Ry. & Light Co
Los Angeles
Mad. & Interurb. Tr. Co a.
Massachusetts Electric Co.
Memphis Street Ry
116,407
229,245
591,351
83,252
585,317
3,013,108
1,943,101
240,034
2.503,283
4,972,688
145,342
326,468
74,730
446,672
5,484,996
139,702
505,341
168,872
115,459
860,720
105,610
pi.077,880
488,547
376,461
535,498
3,276,130
2,592,996
290.345
130.255
7,606,161
1,428,935
169.625
35,394
3,523,438
702,222
1,395,234
666,243
430,263
Meridian Light & Ry. Co.b
Millville Traction Co
Mllw. Elec. Ry.& Lt. Co.b
Mllw. Lt. Heat & Tr. Co.b.
Nashvllle Ry. & Light Co.b
New Hampshire El . Rys.a
N.J.& Hud.Rlv.Ry.& F.Co.
103,971
N.J.& Penn. Traction Co.a
5,773,190
New Orleans Ry. Co
17.636,707
New York City Ry.b
884,205
N. Y. & Queens Co. Ry.b.
265,070
Nlag. St. Cath. & Tor. Ry.
158,810
Niagara Gorge RR. Co
Norf. & Portsm. Trac. Co.b
1,513.846
Northampton Street Ry.a
lampt
Trac. Co-aNorthampton
North. Ill. Lt. ds Trao.Co.a
Nor. Ohio. Trac. & Lt. Co.
i
(198,111
288,943
dl30,595
229,745
949,298
68,411
268,321
1905.
$97,239
73,912
41,864
84,095
46,216
2,948
56,717
178,609
$98,555
57,655
40,267
78,914
41,732
4,637
51,620
145,587
139,987
129,460
117,836
n 115,395
40,011
156,037
134,307
737,844
14,045
15,789
42,926
177,005
142.963
821,975
21,371
20.455
40,881
6,232,400
717,523
1,419,518
14,113
14,967
(74,559
31,478
5.558,120
661,358
1,385,396
20,634
7,835
(48,682
def.3.757 def. 12,812
926,114
925,740
85,989
53,280
104,747
(239,946
1 ,724,822
16,505
549,601
41,939
127,107
281,993
135,169
15,058
(831,997
490,464
24,093
29,952.
323,993
27,968
2,403,318
34,862
350,054
42,572
73,658
122,667
978,681
(60,803
115,253
d70,037
74,210
35,690
116,394
(242,355
1,679,473
20,019
364,785
37,896
103,819
228,973
72,903
7,605
(762,452
428,651
22,483
16,317
362.478
27,844
2,128,116
d28,413
295,374
103,354
926,634
(50,296
98,382
123,655
87,298
2,500.574
820,469
106,171
120,887
229,080
35,935
1,467,071
28,716
1,183,877
462,136
427,890
51.527
42,292
91,576
107,137
C167.067
517,315
75,897
538,999
1,670,476
27,381
82,989
211,605
14,071
229,107
1,361,952
1,522,229
210,259
2,207,578
4,484,643
124,653
305,639
55.089
386,834
4.880,329
125.629
394.036
122,859
105,853
788.268
90,324
1,010,939
d471.324
316,922
496,259
2.683,404
2,355,880
273,673
947,845
/118,869
6,879,856
1,114,021
140,774
32,809
3,226.535
98,333
62,305
1,703,340
1.552,970
89,891
432,346
30.400
75,145
39,446
93,261
93,084
1,424,468
2,156,813
59,600
124,629
15,144
246,555
2.428.400
63,488
234.905
80,974
«27,085
384,462
32,751
P415.357
183,098
C62.216
256,166
27,272
edef. 1.576
203,790
8,496
201,978
746,345
725,639
84,747
1,289,340
2,069,542
49.668
124,774
o
282
212.562
2,190.341
52,643
144,745
56,848
030.792
359.680
32,505
354,225
(1191,003
C7S.922
944,279
234,890
811,149
1,029,682
932.867
121.292
60,318
121,192
2,687,773
197,461
2.327,484
335,732
43,475
3.249
1,797,233
386,570
583,785
102,366
163,716
43,409
41,226
2.609,175
9.250,690
2.422.249
8,630,390
279,885
90,636
Si4,158
557.701
14,485
38,323
28,020
680,810
52,732
6,735
1,944,642
455,632
689,450
150,290
298,503
91,019
S28.881
587,200
27,056
40,442
29,139
606,498
Portsm.St.RR.& Light Co.
Prov. & Danielson Ry.b..
Pueblo & Sub. Tr. & Lt. Co.
Puget Sound Electric Ry.a
Richmond Lt. & RR. Co.b
Rochester Railway Co.b.Rockford & Interurb.Ry.a
Rutland Ry. Lt. & P. Co.b
St. Jos. Ry. Lt. H. & P. Co.
St. Bernardino Val. Tr. Co.
San Fr.Oak.As San Jose Ry.
Savannah Electric Co.a
.Schenectady Ry. Co
Schuylkill Val. Tr. Co.b..
Seattle Electric Co.a
Sioux City Traction Co.bSouth.Lt.&Tr. Co. (Natchez)
South Side Elevated RR.a
Southwest Missouri RR.a.
Southwest. St. Ry. Co.b..
/J7.467
654,140
130,135
85,970
524,559
511,339
231,641
1,912,352
478,911
n121,537
754,954
120.642
277,859
2.261,631
510,042
f»156,743
834,438
126,951
668,832
611,215
968,028
363,201
3.101,386
338,424
107,505
1,788,975
535.133
586,235
7U5.914
341,321
2.565.914
298,203
Twin City Rapid Tr. Co.b.
I’nion Elec.Co. (Dubuque)a
Union Ry. (New York)_bUnlted Rys. Co.(St.Louis)a
United RRs. of San Fran..
United Tr. Co. (Albany) _b
United Tr. Co.(Reading). b
Utica & Mohawk Vy. Ry.b
Valley Traction Co.b
Wash.Alex.de Mt.Ver.Ry.a
Wash.Arl.deFalls Ch. Ry__
Wash. Ry. & Elec. Co
.
Wash. Water Power Co
Waterloo Cedar F.&N.Ry.b
West Chester Street Ry.b.
West Penn Rys. Co "a
Whatcom Co. Ry.& Lt.Co.a
Wilkes-Barre
&
Dallas
.
Wilkes-B. & Hazleton RR.
Wilkes-Barre & Wyoming
Valley Traction Co.b
Wlnston-SalemRy. & E.Co.a
77,297
34*^48
68,329
57.000
078.730
30,193
def.4,731
532
7,393,242
p98,364
112,632
9,736
709,457
r70,916
19,180
249,232
312.576
20,997
861,839
214,831
n68,019
407,635
40,377
369,849
232,169
321,532
6.835,091
P73.849
89,090
103,170
146,793
20,409
581.706
247,908
56,759
964,233
98,882
107,166
3,133,241
1,614,690
135,577
93,739
1,409,493
279,469
54,593
55,605
38,255
8,378
771812,411
65,501
18,625
241,109
207,305
94,371*
851,879
193,854
7241,840
369,618
44,918
300,136
238,209
307,517
93.375
891,902
117,698
14,887
660,385
162.835
def.42.396
115,724
7,682
def. 1,409
467.287
49,951
415,515
39,678
205,870
174,609
215,243
50,005
940,462
147,404
114,780
657,451
411,763
629,760
143,765
1,913,456
307,589
251,622
55,542
492,948
32,846
5,644.988
271,468
1,566,871
9,119,620
uo,955,786
1,879,933
809,311
976,352
190,816
273.267
.
$269,174
701,103
23,071
1,138,299
1,713,348
348,574
59,681
281,539
347,931
285,297
1905.
$306,984
1,252,762
22,756
83,170
93,889
187,500
Troy & New England Ry.b
Total (181 roads)
Increase
182,630
23,837
ml ,822,909
2,047,610
Topeka Railway Co
Trenton New Hope & Lam-
Harvey’s Light Ry.b..
16,253,725
pi 93,319
64,573
320,094
64,987
1,099,762
107,565
797.433
469,222
823,162
Syrac. & Subur. RR. Co.b
Tacoma Ry. & Power Co.a
Tampa Electric Co.a
Terre Haute Tr. & Lt.Co.a
Toledo & Indiana Ry.Co.b
Toledo Rys. & Lt. Co.a
'
Toledo Urb. & Interur. Ry
bertvllle Street Ry.a
Trenton Street Ry. Co.b-
1,684,157
rl57,592
88,194
553,606
663,206
1,441,471
53,196
124,410
02 25.000
79,701
125,0 7
98,255
25,489
467,544
Sprlngf. (Mo.) Ry.&Lt.Co.a
Suburban RR. (Chicago).b
Syracuse Rapid Tr. Ry.b.
67,210
55,147
(J74.525
85,451
368,665
23,767
86,923
608,999
1,174,377
644.120
358,433
100,130
5,093,709
17.020.033
786,091
246,311
140,335
1,386,713
153,236
94,872
62,431
166,307
1906.
....
$661,037
$854,135
2,226,017
5 s,981
176,906
227,278
92,248
146,498
115,825
28,549
of the Columbus
1906.
221.250
189,264
354,289
91,200
975,837
170,407
128.433
86,240
def.559
(i54,312
20,011
453,649
242.209
33,373
5,647
3,019.60!)
4,759,262
102,640
230,578
1,420,990
536,737
4,034,618
8,435,915
7,066,892 U3,236,539
772,345
1,736,792
242,142
716,257
390,959
843,426
67,516
171,427
125,418
252,999
cl ,872
102,850
1,564,739
2,905,907
612.248
1,277,919
56,397
90,772
44,562
81,369
1,060,238
635,517
94.287
195,009
(224,041
218,306
11.228
2.640,117
65,713
369,042
3,563,399
3,696,613
584,501
239.411
337,050
66,293
120,059
C7.878
1,477,994
511,526
43,386
32,798
480,480
58,613
65,316
308,536
61,589
290.666
18,190
165,649
8,964
168,789
901,475
P181.867
867,751
pl48,997
321,562
P52.912
318,533
P44.497
215,153,525
22,481,067
(11.67%)
192,672,458 92,442,309 82,873,597
9,568,712
(11.54%)
a After deducting taxes,
b Before deducting taxes,
c After deducting
taxes and Interest,
d These figures are for year ending Oct. 31.
e Poor
showing In 1905 due to strike and boycott.
/These figures are for year
ending Aug. 31 1906.
(/These figures are estimated, ft These figures are
for 11 months ending Nov. 30.
fc Comparison U with the year ending June 30
1906.
(These are results from railroad operations only,
m Earnings for
1905 were abnormally large, owing to the Lewis & Clark Exposition In that
is with theyearendlng Feb. 28 1906. p These figures
s After
Nov. 30.
r These are preliminary figures,
deducting taxes, rentals and Interest.
(For years ending Feb. 28 1907
and Feb. 28 1906.
u Decrease due to earthquake, fire and strike among
year,
n Comparison
are for year ending
employees.
ROADS REPORTING GROSS ONLY.
1905.
1906.
Roads.
Increase.
| Dec.
$
5
earnings reported above
215,153,525 192.672.458 22,481.067
(181 roads)
23,000
50,000
Ala City Gadsden & Attalla Ry..
75.000;
260,234
2.479.553
bAmerican Railways Co
2,739,787
64.093.
1,588
65.6811
Bkideford & Saco RR. Co
636
62.162
62,798i
Burlington County Ry Co
46,628
334.655
381,283.
Camden Inter-State Ry
424.262
57.569
481.831!
Chattanooga Railways Co
824,664
19.558
844,222
Chicago & Oak Park Kiev Ry...
274,435
40,245
314,680
City & Elm Grove RR Co
497.481
09.792!
567,273;
City Railway Co (Dayton. Ohio)1
7,106:
71.225
78.331i
Columbia & Montour Elec Ry_._;
2 412.129
240.089!
2,652,218'
Denver City Tramway Co
250.000
1,778
251.77S)
—
Galesburg Rwy & Light
139,582
173,896'
Hartford & Springfield Street Ry
34.314;
392.696
20,305
419.001
Holyoke Street Railway Co
|
20,004
167.015
187,019
Illinois Valley Railway
33.318
237,591
270,909!
Indianapolis & Eastern Ry
127.778
19,339
147.117!
Indlanap * Martlnsv Rap TrCo.
a363.126
54.493
417.621)
Indianap &, Northwest Trac Co. _
12 722
1 17,443)
104.721
Indlanap & Southeast Trac Co.
4.104
44.821
40,717
Uaekson Railway & Light Co—
9.942
73.018
82,960!
Joliet Plainfield & Aurora RR...
7.285
50.997
58,282)
Kittanning & Leech burg Ry
21.520
96,051
117,571!
Lewlstown & ReedsvlUe Ry c
225.131,
2,267.938.
2,493.089
Metropolitan West Side Kiev RR
72,329
482.142
554,471)
Mobile Light <k Railroad Co
103,434)
1,515,361! 1,411.927;
Northwestern Elevated RR
t ,232j
16.307,
17,539
Owosso it Corunna Electric Co..
17.461*
74.232
91.092
Philadelphia & Easton Ry
6.827 [
140,994
147,821!
Qulney Horse Ry & Carrying Co.
59.869)
14.667}
Rome (Ga) Railway & Light Co.
74,536;
21.692'
103,406
125,098
14,000)
125,000
139.000
,
I
Gross
....
.
Toledo & Western RR Co
United Ry & Elec Co (Balt)
Wichita Railroad & Light Co—
Winnebago Traction Co
Total (218 roads)
Net Increase (11.31%)
—
61,989
57,816
4,173!
241,506
251.125
6,023.698
166.909
126,746
556.123!
27,093
6.579.821!
1
194,002
145,551
....
9.61®
•
13,805|
238,086,523! 213.518.318 24,377.62419.619
v
a These figures are for year ending Sept,
companies controlled.
!24.563.005|
1
30.
b These
figures are for
844
THE CHRONICLE.
RAILROAD GROSS EARNINGS FOR THE MONTH
OF MARCH.
As far
be
[VOL.
LXXXIV.
west has added
$500,902 and the Illinois Centra?! in
the Middle West has added $341,279.
The following
shows all changes for the separate roads for amounts
in excess of $30,000, whether increases or decreases.
judged from the returns of the roads
furnishing early figures, gross earnings of United
PRINCIPAL CHANGES IN GROSS EARNINGS IN
MARCH.
Increases.
States railroads (whatever may be the situation as to Canadian Pacific
Western Maryland
’...$1,047,000
$68 .253
Louisville & Nashville
544,934 Minn St Paul & S S M..._
50 ,133
the net) are again beginning to record considerable Missouri Kansas
& Texas.
500,902 Canadian Northern
47 .200
Gt Northern syst (2 rds)
373,685 Chic Indlanap & Louisville
46 ,813
amounts of gains.
Northern
Pacific
In January and February, it will Illinois Central
346,470 Chicago Great Western
40 .397
341,279 Texas Central
40 .097
Grand Trunk syst (4 rds).
be recalled, our early
303,259 ! Southern Railway
37 .441
preliminary compilations N Y Cent & Hudson R
289,801 Ala N O & Tex Pac (3 rds)
34 .579
Mo Pacific syst (2 roads).
showed comparatively small increases—Tor
258,000 Chicago Indiana & South.
32 ,405
& Pacific
January Texas
205,335
Denver & Rio Grande
192,700
Total (37 roads)
$5,980,995
only SI,544,739 increase, or 2.23%, and for February Michigan Central
147,295
Colorado & Southern
146,540
Decreases.
SI,317,809 increase, or 2.06%. For March, on the N Y Chicago & St Louis
131,515 Pittsburgh & Lake Erie..
$92 .244
St Louis Southwestern
125,495 Cine New Orl & Tex Pac._
1/69 ,301
other hand, the preliminary statement which we
Lake Shore & Mich South
116,484
Buffalo Roch & Pittsburgh
56 .914
pre¬ International & Gt North
114,000 Lake Erie & Western
47 ,782
Mobile & Ohio
sent to-day shows a gain of
110,961 Wheeling &Lake Erie
43 ,509
$5,644,198, or 7.85%, CJeve Cine Chic & St L
105,667 Detroit Toledo & Ironton.
30 ,524
the statement covering 92,828 miles of road and em¬ Wabash
103,850
Central of Georgia
78.500
Total (6 roads)
$340,274
bracing substantially the same companies and sys¬
V These figures are for three weeks only; fourth week of
March not yet
tems as our early statements for the
previous months. reported.
The Western grain movement was
One reason why the improvement now is of
larger in the case
larger ex¬ of
every one of the leading cereals.
tent is that in January and
Of wrheat the
February the trans-conti¬
receipts for the four weeks ending March 30 this year
nental lines on the extreme north, more
particularly were
the Great Northern and the Northern
15,860,232 bushels, against 11,303,017 bushels
Pacific, suffered
in the
corresponding four weeks of 1906; of corn
large losses because of snow blockades and unfavorable
19,872,806
bushels, against 10,93S,131 bushels; of
meteorological conditions, and that the railroads
oats 15,678,322 bushels,
elsewhere had to contend with low
against 13,596,588 bushels;
temperatures and
of
barley
severe weather, while
5,915,723,
against 4,223,470, and of rye
comparison was with an unusu¬
613,655,
against
246,281
bushels. Altogether the re¬
ally mild winter in these two months last year. In
March the present year there was also much bad ceipts of the five cereals for the four weeks this year
weather, especially from floods—Pittsburgh, for in¬ were 57,940,738 bushels, against only 40,307,487
stance, having encountered one of the worst floods in bushels in 1906. The following shows the details of
as can
Tnrrpn
«/>«
I
._
ver
__
'
the Western
its history—but at least the Northern
trans-continental
lines experienced great relief,
and, furthermore, there
had been more or less
damage from overflow in differ¬
ent parts of the
country in March last year, too. It
might also be noted that in January and February,
largely by
reason
of
weather conditions in
extraordinary
Four weeks end
the
exceptionally favorable
1906, we were comparing with
amounts of
gain; but for March we are
comparing with gains of more moderate proportions.
As concerns the influences
affecting traffic move¬
ments, these were unusually satisfactory in March
1907.
Trade and business continued active in the
extreme. The slump in Wall Street would
not, in any
event, be immediately reflected in trade
affairs, and,
as a matter of
fact, there is no indication at all as yet
that trade is undergoing any reverse.
It follows from
this that the merchandise and
general traffic of the
roads must have continued
large and that passenger
business also must have been
very good.
In addition,
Southern roads had the
advantage of a greatly in¬
creased cotton movement and Western
roads the
benefit of an increased grain movement.
In the case of the
separate
roads, the change which
has occurred in the character of the
is indicated by the
revenue returns
appearance of quite an extensive
list of gains, some for
very considerable amounts—a
feature missing in
January and February—and by
are
relatively few decreases and
the fact that there
these for small amounts, whereas in the
month pre¬
ceding
of the decreases were very heavy. The
Great Northern and the Northern Pacific have
gains
of $373,685 and $346,470
respectively, as
their
some
against
striking decreases for
while in the Canadian Pacific
the
month
preceding,
the gain reaches
Besides this, the returns are good from
other parts of the country. Thus,
the Louisville &
Nashville in the South has added $544,934 to its last
year’s total, the Missouri Kansas A Texas in the South¬
$1,047,000.
case
-.
..
-.
..
..
usual form.
WESTERN GRAIN RECEIPTS.
Wheat.
Corn.
Oats.
(bbls.)
(bush.)
(bush.
(bush.)
853.9S3
Barley.
(bush.)
Rye.
(bush.)
720,209
G15.3S7 10,650,334
274,050 5,191,212
7,961.504
5,624,024
2,132.537
1.445,771
209.467
1G3.100
375,000
200,450
271,040
1.049,000
751,450
1,290,500
024.700
1.384,600
1.009.800
118 800
33,000
252,155
802,280
741,540
4,033,055
1,506,575
2,507,200
2,104.500
201.500
252.500
71,081
15.000
109,000
88,500
706,000
370,000
357.300
166,300
9.000
18,000
5S.51S
10G.2S7
471.457
624,289
261.799
348.358
3,204
5,429
122,102
35,739
446,290
322,882
491.548
280.438
6.892
54.403
SG.S50
70,070
10,200
59,000
852,100
1.230.800
691,350
1,801,700
235,000
267,500
52.000
40,900
3,076,925
78.001
081.488
468.478
316.826
1,486.716
-.
-.
..
-.
Mi?ineapolis—
1907
1906
our
Flour.
ing March 30.
Chicago—
1907.
1900
M ilwaukee—
1907
1900
St. Louis—
1907
1906
Toledo—
1907
1900
Detroit—
1907
1906
Cleveland—
1907
1900
Peoria—
1907
1906
Duluth—
1907
1900.
grain movement in
_
_
1,536,441
S .619,820
7,444,120
447.970
285,123
1,031.600
1,619.ISO
2,005.000
1,216,000
740,000
596.000
407.400
345.600
88.411
2.200
9.100
31.700
17.100
14.157
33.210
876.130
166.250
49.860
15,678,322
13.590,588
5 915.723
4,223.470
613,655
246.23 L
3,027.849 36.375.582 20.772,867
1,817.675 22.717.570 20.238.S08
6.148.748
6,343.169
652,09 5
460,728
437,550
445,075
1.465,000
1,350,800
4,536,600
4,787,200
270.400
743,785
563,750
2,623,879 13,108.680
3,430,256 7,437.590
Kansas City—
1907
1900
Total of all1907
-.1.420,892 15,800.232 19,S72,S06
1900
--1,222,113 11,303.017 10,938.131
Jan. 1 to Mch. 30.
Chicago—
1907
1900
Milwaukee—
1907
1900
St. Louis—
1907
1900
Toledo—
1907
1900
Detroit—
1907
1906
Cleveland—
1907
1900
Peoria—
1907
1906
Duluth—
1907
1900
-.2,554,568
-.2.419,325
-.
..
-.
..
3.483,100
2,392,100
7,648,000
1.045,600
6.621.500
1,038,750
570.000
358.000
2,890.000
1.779.000
771.000
189.731
323,533
1,328,623
2,222,582
598,799
1,210.742
12,805
12,171
369.595
154.802
1.S47.902
1.015.592
204.600
243,250
115,000
165.S00
4,347,560
3,501,100
64,500
46,900
6.329,758
5.941,525
392,400
158,081
190,000
910,300
12,200
840
32.100
1.152.514
932.88S
36,926
122.153
2.209
2,455.350
930,000
4.351,000
888.500
97.700
85,200-
398,559
2.12S75S
545.224
1,099.710
89.842
89,947
3.306.801
3,046.600
355.430
i
...
..
..
..
•
..
..
..
30,300
73,800
Minneapolis—
1907
1900
Kansas City—
1907
1900
2.775.000
2.779,700
......
--
23.994,744
25,545.520
2.216.420
1,470,036
4,421,820
5.290,610
6.911,000
4.217.000
3.37S.000
5.661.000
1,417 200
1,556,600
Total of all1907
4.10S.168 45,005,556 68.273,767 43,258.509
1900
..3,804,271 43,304,911
_.
458.575
r
16.609.899 1,863 093
49,190,776 45,494,000 17,326,982 1,483.805
The Western live-stock movement does not
appear
to have varied
greatly in the two years. At Chicago
the deliveries comprised 21,628
car-loads, against
22,256; at St. Joseph 4,387, against 4,529; at Omaha
Apr. 13 1907
845
THE CHRONICLE
J
EARNINGS OF MIDDLE AND MIDDLE
City 10,504,
against 10,003, making for the four markets 44,165
7.646, against 7,654, and at Kansas
car-loads, against 44,442 car-loads.
The cotton movement, as in preceding months, in¬
creased very materially over the same period last year.
The shipments overland were 215,646 bales, against
119,142 bales, and the receipts at the Southern outports were 662,646 bales, against 451,290 bales. We
annex our usual statement giving particulars of the
movement at the ports.
1907.
March.
S
Buff Roch & P
659.5S1
Chic Ind & L._
492,17S
Clev C C A St L 2,014,521
Peo A East.
231.S70
Gr Tr of Can.)
Gr Tr West63,571,270
Det G H A Mj
Illinois Central
4.9S1.842
NYC A HR.a 7,814,163
96,318
Tol Peo A West
Tol St L A W.
313,461
Wabash
'2,204,355
417,487
Wheel ALE..
1906.
i
i
$
i
)
|
1903.
$
i
$
$
642,919;
1,908,854; 1.81S.272
1,714,430!
273.732,
I
AND FROM
/
3.268,Oil; 2,911.267
j
113.803
266,480
1,706.632
336.488
1,551.555
273.526
.
4.640,563 4.355,593
7.524,362 7,003.296
102.217i
98,541
301,745
312.128
2,100,505i 1,872,460
460,996
360,538
6,400,2oSj
113,292!
6.646,920
305,428|
1,750,620;
336,450;
*
516.549
386,326
1,460,436
209,289
2,068,749
3S2.020
S6.624
3.509,115
5.483.620
84,894
217,699
265.59S
1 '2,385,558
476,917
2.649.779
1
104,630
4,090,660 3,958,657
18,759,2G3l 19,086.394 16,230,393
1
1
1
RECEIPTS OF COTTON AT SOUTHERN PORTS IN MARCH ,
JANUARY 1 TO APRIL I 1907. 1906 AND 1905.
1902.
632,272
467,063
1,725.376
421,695
238.929
249.315:
22,797.046 21.718,42S 20,110,632
Total
1904.
652.863
486,745
716,495;
445,365
-
-
1905.
WESTERN GROUP.
the Beech Creek RR., the Wakill Valley RR. and
Included for all the years.
Canada A Atlantic, beginning with October 1904.
The Fall Brook System,
a
the Boston A Albany
Since January 1.
March.
b Includes
Ports.
1907.
Galvestoa
Port Arthur. Ac
New Orleans
Mobile
Pensacola, Ac
Savannah
Brunswick..
Charleston.
10.2S2
Georgetown
3,363
10,688
26,745
148
105
15.869
302
00,592
43,253
157,593
24,532
-----!
—
2.S26
24,179
2,246
12,209
40.830
5.1S6
Newport News, Ac
565,192
43,019
500,297
36,415
63,327
177.120
41,523
14,975
469
20,477
75,808
7.848
474.955
74,789
677,751
53,576
46,048
224.900
31,768
EARNINGS OF SOUTHERN GROUP.
bales. 323.251 151.354 234,254 1,332,720
56,991
10,282 16.729 18.466
770,812
165,450 166.119 246,201
64,576
11.952
6.492 19,408
53,378
6,669 11,622 15,099
291,423
69,940 57,848 SO ,698
48,826
7.274
6,595
8,364
Wilmington
Norfolk
1905.
1907.
1905.
1906.
;
1906.
1,947
21,757
260
34,769
107.994
5.295
662.646 451.290 693,262 2,888,490 1,546,470 1,753.863
Total
1
comparisons of
We have stated above that the
earn¬
ings for March are with a period last year which had
recorded gains, but of less striking proportions than
the gains for January and February. Our compila¬
tions then recorded $5,334,881 increase, or 9.61%,
and this succeeded $5,199,940 increase, or 10.21%,
in 1905 over 1904.
The table we now give shows the
monthly totals back to 1897. It will be observed
that except for a small loss in 1904 the record of im¬
provement is a continuous one.
Year
Given.
Increase (-j-)
Gross Earnings.
Mil ■age.
Decrease (-
Year
Year
Yr.prt- InCeding. cr's'e.
Given.
■
Preceding.
.
-
-
-
Roads
121
133
119
112
103
.89
69
69
62
.
-
Jan. 1 to
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
58
66
Mrh.
120
131
118
111
Miles.
92,737
97,253
94.333
99,388
100.739
92.0 41
95.020
85.636
80.134
83.228
92.828
31.
92.SOS
96.998
93.875
99,115
103
89
69
100.739
69
62
85,606
80,134
oS
66
83.228
92.823
92,041
95,620
lo
0.75
1.21
1.18
1.97
3.28
97,542,
1.72
90,481
93.441 2.33
83,386 2.68
1.59
78.881
81,448' 2.18
91.100 1.90
%
S
S
Miles.
36.730,150i 36.574,594
92,048
96.089
93,235
97.468
44,918,276 38.767,463
,45.851.636 43,192,673
54,226.229 48.306.240
58,451,929 54.154.932
53,947.913 50,750,057
63,656,496 55,634.679
54,218.287 54.355,422
56.099,462 50.899.522
60.824.758; 55,489,877
77,540.501 71.s96.303
+ 155,556
+ 6,150,813
+ 2.658.963
+ 5.919,989
+ 4,290.997.
+ 3.197.856
+ S.021.S17
—137.135
+ 5,199,940
+ 5.334.881
+ 5.644.198
0.42
15.87
6.15
12.25
7.93
6.30
14.42
0.25
10.21
9.61
7.85
—3,263.162
+ 17,415,936
+ 4,914,369
+21,938.700
+ 13,449.261
+ 9.536.349
+21.004.073
—1,720.174
+ 6.956.671
+28,726.58.3
+ 9,243.761
3.03
15.93
4.05
16.55
8.72
6.52
13.09
1.12
4 88
18.54
4.51
i
91,907
95,832
92,777
97,195
97,542
90,481
93,441
83,386
78,88181.448
91.100
0.75 104,287,357 107,550.519
1.21 126,755,310 109,339.374
1.18 126,102,01)7 121.187.638
1.97 154,477,543 132,538,S43
3.28 167.574,617 154.125.356
1.72 155,556,409 146.020,060
2.33 181,403,231 160,459,158
2.68 152.071.336 153,791,510
1.59 149,372,126 142,415,455
2.18 T83,644.696 j 154.918.113
1.90 214.200,964 204.957,203
1
1
Note.—We do not include the Mexican
roads in any of the years.
complete our review we furnish the following
six-year comparisons of the earnings of leading roads
arranged in groups in our usual form.
To
NORTH PACIFIC GROUP.
EARNINGS OF NORTHWESTERN AND
!
1900.
1907.
March.
a
|
$
s
3.532.187; 3.615,752
a692.673
238,392
3,419.705
242,888
277.109
771,546
911.29S;
4.S07.250; 4.256,189
677,566
719.665
226,352
190.508
3.041.634 2,899.560
213,873
216,087.
235,868
235,463
562.735
468,817.
3.493.80S' 3.517.657
|
!
1902.
$
2.953.770
631.575
201,021
2,722.178
222,021
298.169
450.347
3.162,616
16.391.91S, 14.031.463 11.898.229; 11.949.369 10.641.697
18.247.453
Total
i
1903.
1904.
1905.
$
4,132,961
S
5.051.000
«730,440
251.688
4,066,470
275,159
29S.613
S
6.098.000
Canadian Pac.
0770.837
Chic Gt West.DulSoSh &Atl'
259,384
4.440.155
Gt North Syst-.
253,044
Iowa Central..
310.877
Minn A St L.-’
961.436
M St P A S S M1
5 153.720
Northern Pac.
1
Results are based on 111
miles less road.
Colo & South.a
Den A Rio Gr.
I at & Gt North
M0 Kan & Tex
MoPac ACBrch
St L So West
Texas & Pacific
.
Total
1907.
;
1906.
$
i
S
j
1905.
|
1904.
!
S
i
$
571.819
938.360
1.448,700
1,084.900
1.641.400
633.000
2.160.377
4,010.000
886.42.3
1.367.443
519.000
1,665,475
3,752.000
760,928
1,162,108’
11.789.543 10,246.571
1
778,320
1,308,1461 1,182,986
525,236;
373,289
1,690,308 1.397,426
3,766.447 3.645,178
593,627
797.856
1,059.9771
948,934
9,926,2901 8,713,259
a For 1907 and 1906 Includes all affiliated lines except
RR. and for 1905 includes all affiliated lines without any
7ears we
1904.
$
U325.402
$
331,069
S
310,505
260.373
N Orl A N E
Ala A Vicks.
Vicks Sh A P
Cent of Ga
CNO AT P-.
LoulsvANash d
Mobile A Ohio.
Southern Ry_.
Yazoo A M V.
273,352
281.967
140,097
140,211
1,126.281
a717.146
4,257,315
947,753
4,906,769
870,529
121.427
121,687
247.481
127,855
128,437
937,566
13.710.915
Total
637,645
3.523,213
3.246.607
836,792
4.809.328
760,334
4,542,436
891.203
820,163
647,399
4,054,979
672.085
have combined Colorado A Southern and Fort
1902.
S
621,707
$
633,460
1,352.985 1,227,777
368,843
386.697;
1,240,337
1.332,579
3,511.808 3.069.265
603,827
572,398
869.840
1,001,554:
>
8,791,481
8.001.596
Trinity & Brazos Valley
exception. For previous
Worth A Denver City.
197.565
i
171,339
83,943
96,770
93.256
631.708
477,518
526,399
3.084,874; 2,606.375
55S.943
729.020
3,815,915; 3.242,084
523,704'
555,855
105,627:
826,474!
I
1
reported; taken same as last year.
of Atlanta Knoxville A Northern in 1904,1905.1906
S,609,479
Fourth week not yet
d Includes earnings
Mileage.
Gross Earnings.
Name
of Road.
1907.
i
Alabama Great Southern. !
Ala New Orl A Tex Pac—
New Orl & Nor East-Alabama & Vicksburg.
Vicks Shreve A Pacific-
i
5
1/203,607!
273,352
140,097
146,211
1906.
Inc. (+) or
Dec. (—).
$
*
281 ,967
121,427 j
121,687
!
4,392
5,197
Buffalo Rochester A Pitts
Canadian Northern
Canadian Pacific
|
Chattanooga Southern
Chicago Great Western.
Cldc Indlanap A Loulsv..
Chic Indiana A Southern.
—
_
ChicagoTerinlnal Transfer
Cine New Oil A Tex Pac.
Cincinnati Northern
Cleve Cine Chic A St L—
Peoria A Eastern
Colorado A Southern
Denver A Rio Grande
Detroit A Mackinac
Detroit Toledo A Ironton
Duluth So Sh A Atlantic.
Grand Trunk of Canada.]
Grand Trunk Western)
Det Gr Haven A Mllw|
Canada Atlantic
J
Gt Northern, St P M A M,
(Incl East’n of Minn)
..
Montana Central
Gulf A Ship Island
Illinois Central
Internat’l A Gt Northern.
Iowa Central
Lake Erie A Western
Lake Shore A Mich So—
Louisville A Nashville—
Macon A
Birmingham...
Manlstlque
Michigan Central
Mineral Range
Minneapolis A St Louis..
Mlnnenp St P A S S M —
Mo Kansas A Texas
Mo Pacific A Iron Mtn
Central Branch
Mobile A Ohio...
—
Nevada Cal A Oregon
N Y Cent A Hud Rlv..-.
N Y Chicago A St Louis..
Northern Pacific
Pittsburgh A Lake Erie..
Rio Grande Southern
Rutland
St Louis Southwestern
Southern Indiana
Southern Railway
Texas Central
Texas A Pacific
Toledo Peoria A Western.
Wheeling A Lake Erie
Yazoo A Miss Valley
—
659,581
488,800
6,098,000
1,126,281
15,406
770,837
492,178
271,456
133,913
1/433,553
76,586
2,014,521
231,870
1,084,900
1,041,400
125,211
331,067
259,384
309
3,571,270
3,268,011
4,194,207
3.846.685
245,948
222,707
4,981,842
633,000
253,044
405,399
3,700,694
219,785
198,908
4,640,563
519,000
275,159
453,181
309
!
—8,615
196 i
+18,670
143
+ 24,524
+ 305
180
27
—
1
196
143
j
189
568 !
27
568
2.554 j
9,055 1
2,100
105
8I81
105
818
591
1,894 !
591
3401
102
336
248
1,983
350
8,776
1,878
212
102
336
248
1,983
350
1,858
2,532
1,646
2,470
343
592
33-3
684
592
+ 303,259
4,528
4,528
+ 347,522
+ 26,163
6,039
5,974
250
307
250
280
4,371
4,459
1,159
684
:
4,257,315
13,839
4.151
2,350,704
69,360
310,877
961,436
2.166,377
3,865,000
145,000
947,753
1/10,198
7,814,163
958,686
5.153,720
1,077,047
44,307
221,901
886,423
129.504
4,906,769
113,524
1,367,443
90,318
313,461
64.686
93,196
2,204,355
473,453
417,487
870,529
+ 23,799
+ 341,279
+ 114,000
—22,115
—47,782
+ 116,484
+ 544,934
3,584,210
3,712,381
14,611
—772!
1,252
+ 147,295
+ 2,998
+ 12,264
+ 50,138
+ 500,902
+ 251,000
+ 7,000
+ 110,961
5,403
2,203,409
66,362
298,613
911,298
—
1,665,475
3,614,000
138,000
836,792
1/8,983
7,524,362
827,171
4,807.250
1,169,291
39,742
201,638
+ 1,215
+ 289,801
+ 131,515
+ 346,470
133,815
4,869,328
73,427
1,162,108
—92,244
+ 4,565
+ 20,263
+ 125,495
—4,311
+ 37,441
+ 40.097
+ 205,335
102,217
301,745!
—5,899
+ 11,716
760,928
—4,377
—2,784
69,063!
95,980
+ 103,850
+ 68,253
2,100,505
405,2001
460,996
891,203
—43,509
—20,674
+
1,159
558
558
886
886
4,307
1,520
4,117
105
78
105
78
1,745
1,745
140
799
140
799
2,152
3,072
5,951
1,997
3,043
5,864
388
926
144
926
3,784
3,774
1,520
388
144
523
523
5.7811
1911
180;
468
5,769
191
180
468
1,451
1,451
1971
197
7,552i
7,501
268j
268
1,826!
1,826
24 8 j
451 j
248
451
88
134
88j
134
2,517| 2,517
544i
144i
1,239
544
144
1,210
5,644,198 92,828 91,100
....
—
(not Inclu ded In tot als) —
623,845
644,675
Interoceanlc of Mexico
714,651
738,168
Mexican International
1/399,800
1/475,500
Mexican Railway
y77,336
f/82.256
Mexican Southern
1.374,270
1,261,519
National RR of Mexico..
—
V
—5,607;
—
,
1906.
.
;
.
Mexican roads
These figures are for three weeks
reported.
| 1907.
—56,914 j
716,495
+ 47,200 !
441,600
!
5,051,000 +1,047,000
1
i
+78,500
1,047,781
+ 2,370
13,036
+ 40,397
730,440
+ 46,813
445,365
239,051
+ 32,4051
14,354 l
148,267
—69,301
1/502.854
—3,177
79,763
+ 105,667
1,908,854
17,445
249,315
+ 146,540!
938,360
+ 192,700 !
1.448,700
+ 19,053
106,158
—30,524)
361,591
+ 7,696
251,688
77,540,501 71,896,303
Total (66 roads)
Net Increase (7.85 %)
*
1/209,214
and 1907
MARCH.
GROSS EARNINGS AND MILEAGE IN
Wabash
Western Maryland
j
.
$
188.453
13.000.082112,035.635 10.752,039'10.139,20l!
1
Virginia A Southwestern.
1903.
202,022
786,447
i
$
232,853
$
3,712,381
1.047.781
1902.
1903.
117,030
126,790
852,353
572.401
Toledo St Louis A West..
Toronto Ham A Bulfalo..
EARNINGS OF SOUTHWESTERN GROUP.
March.
1905.
Central of Georgia
‘
March.
1897
189S
1899
I960
1901
1902
1903
1904
1905
1906
1907
Ala Gt South-_
Ala NO&TP,
a
1906.
1907.
March.
!
+ 20,830
23,517
+ 75,700
+ 7,950
+ 112,751
+
263
736
884
321
263
1,730
1,731
736
911!
321!
only; fourth week of March not yet
84S
THE CHRONICLE
GROSS EARNINGS FROM JANUARY 1 TO MARCH 31.
1907.
1906.
$
Alabama Great Southern._
Ala New Orl & Tex Pac—
New Orl & Nor Eastern.
Alabama & Vicksburg
Vicks Shreve & Pacific.Bellefonte Central
Buffalo Rochester & Plttsb
Canadian Northern
Canadian Pacific
Central of Georgia
820,054
415,722
428,969
14,723
1 ,915,656 |
222,660
5,664,572
213,848
5,516,538
739,974
2,831,563
4,441 ,132
293,647
1 ,073,114
|
_
Chicago Indiana & South’n
Chicago Terminal Transfer.
Cine New Orl & Tex Pac
Cincinnati Northern
Cleve Cine Chle & St Louis.
Peoria & Eastern
Colorado & Southern
Denver & Itlo Grande.
Detroit & Mackinac
Detroit Toledo & Ironton.
Duluth South Shore & Atl.
Grand Trunk of Canada.. 1
Grand Trunk Western._ \
Det Gr Haven & Mllw__]
Canaria Atlantic.
J
Great Northern,St PM&M,
(lnel Eastern of Minn)
Montana Central
Gulf & Ship Island
Illinois Central
International & Gt North'll
Iowa Central
Lake Erie & Western
Lake Shore & Mich South’n
Louisville & Nashville
Macon & Birmingham
.
3,295,753
4,847.624
335,069
1 ,000,250
709,614
_
_
.
Mineral Range
Minneapolis & St Louis
Minn St Paul & S S M
Missouri Kansas & Texas.
Missouri Pacific & Iron Mtn
Central Branch
Mobile & Ohio
Nevada Cal & Oregon
N Y Cent & Hml River
N Y Chicago & St Louis
Northern Pacific.
Pittsburgh & Lake Erie
Rio Grande Southern
Rutland
St Louis Southwestern
Southern Indiana.
Southern Railway
Texas Central
Texas & Pacific.
Toledo Peoria <Sc Western
Toledo St Louis & Western
Toronto Hamilton & Buff..
Virginia & Southwestern..
_
_
....
.
_
Wabash..
Western Maryland.
Wheeling & Lake Erie
Yazoo & Mississippi Valley
Total (66 roads)
Net Increase (4.51 %)
196,229
8,812
148,034
—
40,996
464,190
406,492
41 .422
72,864
8,766,724
787,238
9,026,893
616,661
653,157
14,069,562
2,049,711
774,322
1 ,192,070
10,429,137
12,093,781
42,135
13,291
6,718,518
184,099
877,144
2,370,065
6,435,464
11,007,629
394,000
2,767,342
//41 ,204
21 ,788,770
2,583,297
12,93 4,278
3,191 ,511
136,066
593,839
2,633,495
388,404
10,227,663
1 ,200,770
674 ,726
58,065
571,388
13,523,912
1,536,145
733,095
1 ,323,050
10,023,253
10,894,882
81,769
545 ,650
513,566
41,227
130,980
405,884
1,198,899
42.488
353
1.810
15,-101
6,304,144
182,007
793,820
2,536,748
4,974,872
10,485,751
420,000
2,450,148
7/33,449
21 ,292,254
2,446,178
13,386,770
3,249,728
130,335
414,374
2,092
83,324
166,683
1,460,592
521,878
26,000
317,194
7,755
452,493
58,217
A
5,731
18,588
448,190
13,026
175,504
102,530
844,961
944,455
188,391
257,002
6,087,115
1,130,371
1,318,847
2,584,068
10,942
9,687
18,257
15,178
213,469
171,463
44,251
2,640,666
#
•
Mexican roads (not Incl In
Interoceanlc of Mexico
Mexican International
Mexican Railway
Mexican Southern.
National RR of Mexico
V
These figures
are
totals) —
1,885,444
2,124,766
Vl ,807,200
t/299,063
3,970,688
1,675,094
1,976,672
7/1,538,300
210,350
148,094
268,900
19,420
414,239
7/279,643
3,566,449
down to the end of the third week of March only.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO.’S
—The public sales of bank stocks this week
aggregate 214
shares, of which 138 shares were sold at the Stock Exchange
and 76 shares at auction.
stocks reach
a
The transactions in trust company
total of 65 shares.
A lot of 45 shares of stock
of the
those
now
entirely dependent on local hospitality
membership is close to 8,800.
—In accordance-with plans heretofore referred to in
these
columns, the directors of the Trust Company of America
Its
High. Closi ti 0
£128
10 Consolidated Nat. Bank
20 Hanover Nat. Bank
11
259
Last previous sale.
Mch. 1907—
250
172 \4
172
Mch. 1907—
167
156
156
156
163
500
500
500
Sept. 1906—
Aug. 1906—
New York,
N.B.A., Bank of 300 }.£ 300 H 300 H Mch. 1907—
TRUST COMPANIES— New York.
45 Carnegie Trust Co
225
225
225
Jan. 1907—
10 Title Guarantee & Tr. Co._ 545
14 545 M 545
Feb. 1907—
10 Van Norden Trust Co
299
H
6 Of this amount 10 shares were sold
x Sold at the Stock
Exchange.
200
H 299 % April 1906—
at the Stock
on
the New York
Produce
495
298
200
576
334
Exchange.
—Trading in mining, industrial and miscellaneous
ties and bonds
in
Exchange will
begin on Monday next, the 15th inst. Announcement of
plan to list such securities has previously been made
in these columns, and the rates of commission for
the pur¬
chase or sale of stocks were given in our issue of
March 9.
The temporary trading list which has been
prepared com¬
prises more than 150 securities, and is composed principally
mining shares. Among the industrial securities included
of
are
the American Brass
Co., American Chicle Co.,
Barney & Smith Car Co., Hall Signal Co., Herring-HallMarvin Safe Co., Niles-Bement-Pond Co., Otis Elevator
Co.,
Pratt & Whitney Co., Royal Baking Powder
Co., Safety Car
Company of this city
on
Tuesday
agreement of merger of the two companies.
Their action is to be ratified by the shareholders on the
an
25th
inst.
The merger will probably become effective
within the next three weeks, until which time the
present
status of neither company will be
changed.
will thereafter be carried
on
under the
name
The business
of the Trust
Company of America, the present offices of the Colonial
Trust at 222 Broadway being continued as the Colonial
Branch of the.Trust Company of America.
Pending the
completion of the latter’s building, now in course of erection
at 37-43 Wall Street, the
principal office at 135 Broadway
and the branch office at. 36 Wall Street will be maintained.
securi¬
the
in the list
with respect
and should not be
and initiative.
Shares.
previous sale
*
259
one-
organization should select the cities for the annual convention
without regard to invitation.
Heretofore the Council has
chosen some place for the yearly
meetings from among the
cities desiring the
now
convention;
it is believed that the As¬
sociation has passed the adolescent
stage, is to-day large and
strong enough to bear the burden of its convention expenses,
entered into
.
dividend not less than
—The Executive Council of the American Bankers’ Asso¬
ciation will meet at Hjit Springs, Va., on
May 6 and 7, to
decide where the next annual convention shall be held this
autumn.
Usually the Council meets in New York for this
purpose.
There seems to be an opinion prevailing that the
at the last
.
a
measure
a
imposed upon the Auditor of State
governing the business of banking.
and the Colonial Trust
.
in
on which national banks shall make reports.
The duties to be performed by the State Bank Examiner are
sold at 225—an advance of
BANKS—New York.
Low.
City Bank, National..
255
Commerce, Nat. Bank of__ 170
was
profits for the preceding half-year, or such
period as is covered by the dividend, shall be carried to a
surplus until such surplus shall amount to 20% of the capital.
At least three reports a year are
required to be made to the
Examiner, on days designated by the Comptroller of the
Carnegie Trust Co. was
25 points over the price
paid
January.
645
new
goes into effect
large measure due to the
efforts of the Washington Bankers’ Association, which
at
its meeting last year took
up in earnest the question of proper
State bank legislation.
A resolution was at that time
adopted instructing the Executive Committee To prepare
and introduce in the
Legislature a suitable bill for the super¬
vision of State institutions, and the new law is in much
the
same form as drafted
by the committee.
Under the provisions of the
newly adopted measure, the
amount of capital for State
banking institutions is graded
according to population, ranging from $10,000 for munici¬
palities with a population of less than 1,000 to $100,000 for
cities with a population of 50,000 or more.
This, however,
is not applicable to banks or trust
companies organized and
doing business at the time of the passage of the Act. It is
further stipulated that at least
50% of the capital is to be
paid in before beginning business, the remainder to be paid
in monthly installments of at least
10%. It is also provided
to the laws
80,903
214,200,964 204,957,203 11,884,427
9,243,761
The
Its enactment
Currency,
1
318,678
Examiner.
tenth of the net
137,120
2,185,305
375,378
13,855,686
2-4,525
3,557,464
Bank
June 14.
that before the declaration of
496,516
575,251
307,736
954,142
170,134
272,180
6,300,584
1,301,834
1,274,596
2,664,971
_.
of
38,083
9,553,962
—The appointment of A. W. Engle of Seattle as Bank
Examiner of the State of Washington is announced.
Mr.
Engle’s appointment is made in accordance with the new
bank law passed at the recent session of the
Washington
of State
56,788
112,857
29,241
LXXXIV.
Legislature regulating the organization and management
banks, and providing for the creation of the office
64,212
680,373
14,031,190
327,055
4,402,425
......
318
123,355
70,500
873,591
338,100
6,455
•
698,978
....
Manlstlque
Michigan Central
14,558
39,997
61,138
Vl ,921 ,639
Chicago Great Western
%
805,496
375.725
367,831
15,041
2/1 ,725,410
Chattanooga Southern
$
33,732
392,233
14,571.733
3,268,665
43,025
2,124,991
1,334,097
733,956
Decrease.
j/863,424
2,039,011
1,102,900
13,698,142
2,930,565
'
36,570
2,060,779
1,277,309
621,099
430,316
1,173,400 i
_
Chic Indlanap & St Louis.
$
2/897,156
Increase.
.
Heating & Lighting Co., Standard Oil Co'., Trenton Potteries
Co., United Bank Note Co., &c., &c. The Western Union
Telegraph Company, it is announced, will send out con¬
tinuous quotations,over the grain ticker from the
Exchange.
i
Name of Road.
[Vol
—Additional
capital of the Fourteenth Street Bank of this
city to the amount of $900,000 has been listed on the New
York Stock Exchange, making
the total amount listed
$1,000,000. The $900,000 increase in the capital has been
made within the last two years; in
May 1905, when arrange¬
ments were made for the merger of the Gansevoort and
Fourteenth Street banks, the amount was increased from
$100,000 to $500,000; the further increase to $1,000,000 was
made several
months ago, the new stock
being sold at $150
share, thereby adding $250,000 to the surplus fund.
The latter now (February 26) stands at
$350,000, while the
undivided profits are $73,984.
The deposits on the same
date were $7,679,495 and the total resources $9,104,979.
per
Ape. 13
15% (in liquidation) will be paid on the
15th inst. to the stockholders of the Gansevoort Bank of
this city, making in all 75% since the merger of the institu¬
tion with, the Fourteenth Street Bank.
—A dividend of
departure for the Farmers’ Loan & Trust Com¬
of 16-22 William St. and 475 Fifth Avenue, New York
City, is the announcement this week that it has perfected
arrangements to issue travelers’ letters of credit, payable
throughout the world, foreign checks and bills of exchange,
cable transfers and make collections in all countries.
In
entering the foreign exchange field, its officials have been
quietly at work carefully organizing this department for
over a year, and it is their belief that no company has a
more thoroughly established system of credits, as there is no
European or foreign city of prominence where this institu¬
—A
new
pany
tion’s letters of credit will not be available.
In London at
Bishopsgate St. and in Paris at 78 Rue de Richelieu
the company maintains offices with a full banking staff.
Total resources of the institution are $91,961,595, capital
and undivided profits $8,731,933 and deposits $83,000,000.
18
—The Treasury Department has sanctioned the applica¬
tion for permission to establish a bank in the new Brunswick
Building, at the
under
the
name
corner
847
THE CHRONICLE
1907.]
of 26th Street and Fifth Avenue,
of the Brunswick
National Bank.
The
petition is presented by Walter Geer, President of the Archi¬
tectural Terra Cotta Company; John A. Hill of Mt. Vernon,
B. P. Willett, Paul Pfotanhauer, Peter Gilsey and Leslie R.
Palmer, Secretary of the Brunswick Site Company, owner
of the building in which the proposed bank is to be housed.
It is planned to organize with a capital of $200,000 and a
paid-in surplus of the same amount.
—Both the Trust Company and Savings Bank sections
i
of the American Bankers’ Association this time issue separate
of last year’s annual
convention.
The books are edited by James R. Branch,
SecretarjT of the American Bankers’ Association, and are
identical in style with the report containing the proceedings
of the regular convention.
In each instance there is fur¬
nished, in addition to the full transcript of the proceedings,
the by-laws of the sections, their officers, rates of member¬
ship and list of members. The meetings were held at St.
Louis on October 16—-the day preceding the opening of the
general Convention.
Mr. Branch is Secretary of the Trust
Company Section and William Hanhart, of 31 Nassau Street,
is Secretary of the Savings Bank Section.
—The stockholders of the proposed Irving Trust Company
of this city on Tuesday voted favorably on the proposition
to increase the capital of, the institution from $500,000 to
$750,000. The new stock will be issued at $205 per share
(the rate oLissuance of the original capital)r giving a surplus
of $750,000.
The increase in capital is part of the arrange¬
ment reached a month ago to amalgamate the interests of
the Irving and Atlas trust companies, and the change in
the name to the Fidelity Trust Company, yet to be made,
reports giving the detailed proceedings
approved several weeks
named
institution,
stockholders of the
ago
by the stockholders of the first-
agreed to on Thursday by the
National Exchange.
The latter is to be
was
placed in voluntary liquidation. The officers chosen for the
consolidated institution, which retains the name “First
National,” are Frederick A. Mead, President; John J.
Gallogly, First Vice-President and Cashier; John A. Dix and
Horace G. Young, Vice-Presidents; Cantine Tremper, Charles
C. Bullock Jr. and Hugh A. Arnold, Assistant Cashiers.
The enlarged bank will have a capital of $600,000 and surplus
of $200,000 and will begin business May 1.
Further details
were given in our issue of January 26.
—Raymond E. Winfield has been chosen Cashier of the
N. Y., to take the place
Central National Bank of Buffalo,
of S. T. Nivling, resigned.
Mr.
Winfield
was
previously
Assistant Cashier.
—Webster F. Putnam & Co., 50 Congress
Street, Boston,
the 6th inst. to Arthur P. French.
The firm is a member of the Boston Stock Exchange and is
composed of Webster F. Putnam, the Exchange member,
made
and
an
L.
assignment
H.
on
Parkhurst.
The failure is not considered im¬
portant.
Savings & Trust Company of Philadelphia
Wednesday by the State Banking Department,
owing, it is claimed, to an impairment of $57,000 in its paidIn a statement issued on Wednes¬
up capital of $132,000.
day evening the total liabilities are given as $415,397.
The deposits are less than $300,000.
The City of Phila¬
amount
of
delphia is a depository to the
$17,000. The com¬
pany was organized in 1895; James I. Comly was President.
Bank Examiner Joseph S. Riley is in charge of the com¬
pany’s affairs.
—John B. H. Dunn has lately been chosen Second Assist¬
—The Lincoln
was
closed
on
ant Cashier of the Merchants’ National
Bank of Baltimore,
Md.
Washington, D. C., was
placed in voluntary liquidation on March 28, its business
having been consolidated with that of the National Bank of
Washington,
—The proposition to increase the capital of the Potter
Title & Trust Company of Pittsburgh was ratified on the
4th inst. by the stockholders.
The company has removed
to new quarters in the Berger Building, where it has opened
a banking department in charge of W. K. Gamble, Treasurer.
—The directors of the Mellon National Bank of Pittsburgh
have decided to increase the surplus from $1,700,000 to
$1,800,000 through the addition of $100,000 from the
profits of the quarter. The usual quarterly dividend of
l)/2% has been declared on the $4,000,000 capital.
—M. J. Murphy has been chosen to succeed F. W. Wollerton as Cashier of the Traders’ National Bank of Scranton,
Pa., the latter resigning to take the cashiership of the
Union National Bank of Scranton, now organizing.
—It is announced that arrangements have been completed
is also a result of the combination of these interests.
The for the consolidation of the City National Bank of Canton,
as
company will have
officers, President, Samuel S. Conover; Ohio (capital $200,000) and the People’s Savings Bank of
Vice-Presidents, William H. Barnard, of W. H. Barnard & that city (capital $50,000).
Co., silk importers, Howard Street, and John W. Nix;
—Theodore D. Buhl, who was identified with a number of
financial
and industrial organizations in Detroit, died sud¬
Secretary, Andrew H. Mars,Assistant Secretary of the Home
Trust Company of New York, Brooklyn Borough.
denly in this city on Sunday. Mr. Buhl was Vice-President
—Walter F. Albertsen has tendered his resignation as of the Old Detroit National Bank, Vice-President of the
National Bank Examiner as New York to become Cashier Detroit Trust Company, President of the Buhl Malleable
of the National Copper Bank of this city, which is to com¬ Iron Works, President of the National Can Company, PresiL
mence business next month in the new Trinity Building.
Mr. dent of the Buhl Stamping Company, President of Parke,
Davis & Company, Vice-President of the Detroit Copper
Albertsen has served as Bank Examiner for six years—one
year in New York and five years in Washington.
As stated & Brass Rolling Mills, &c. He was sixty-two years of age.
—A proposition to increase the capital of the .Bank of
in an earlier issue,Charles H. Sabin, Vice-President of the
National Commercial Bank of Albany, will be President of Saginaw at Saginaw, Mich., from $200,000 to $400,000 has
the new Copper Bank.
been approved, and the charter of the institution is to be
—The Stock Exchange firm of Arnold Leo & Co. of this amended to enable it to conduct a savings department in
citj’, which suspended on December 22 1906, has decided not connection with its commercial banking business. The
to resume business.
Edgar F. Leo, of the firm, has disposed subscription price of the additional stock is $225 per $100
As it has all been subscribed for, the increased capital
of his Stock Exchange seat, and, it is understood, will be¬ share.
come a member of a new firm.
It is stated that with the will become effective very promptly. The purchase of stock
proceeds derived from the sale of the seat at $70,000, and in the Savings Bank of East Saginaw by stockholders in the
Bank of Saginaw was effected some months ago, and we
other money on hand, nearly 50 cents on the dollar has been
understand the latter will absorb the Savings Bank of East
or will be paid to the creditors.
The last named bank was organized in 1872 and
—The proposed consolidation of the First National and Saginaw.
National Exchange banks of Albany, N. Y., which was has a capital of $100,000.
Its deposits exceed $3,000,000.
—The Central National Bank of
848
THE CHRONICLE
—The Federal Grand Jury on the 5th inst. returned an
indictment
containing 175 counts against John R. Walsh,
Chicago National Bank of Chicago.
The charge, it is said, is misapplication of the funds of the
former President of the
bank.
similar indictment of
A
182
counts
was
returned
against Mr. Walsh by the Grand Jury on January 18, 22 of
which were subsequently annulled by the court.
—The First National Bank, capital $200,000, and
Illinois
Company of East St. Louis, Ill., capital $250,000,
wrere recently united under the title of Illinois State Trust
Company Bank. J. C. Van Riper, who was at the head of
both institutions, is President of the consolidated bank;
Thomas L. Fekete, H. J. cle Haan and Paul W. Abt are
Vice-Presidents; R. L. Rinaman is. Vice-President and Sec¬
retary; F. T. Joyner, Vice-President and Cashier, and James
E. Combs, Assistant Cashier.
State Trust
—The Bankers’ Trust Company has been organized in
Richmond, Va., by interests in the Bank of Richmond.
The new concern has an authorized capital of $100,000 (in
shares of $100 each), of which $50,000 willjbe'paid in.
While
it is authorized to engage in a general banking and trust busi¬
ness, we are advised that it willjhardly avail of these privileges
at present, its main object being to own stocks’in’other banks.
The officers of the company are: F. E. Nolting, President;
T. K. Sands, Vice-President, and R. Fleet, Secretary.
—The Comptroller of the Currency has approved the
ap¬
plication made by the State Bank of Virginia"at]Richmond to
convert the institution to the national system, under'the name
of the National State Bank of Richmond.
The proposed
change was authorized by the bank’s stockholders on the 2d
inst.
—The First
National
Bank of
Nashville, Tenn., under
deposits of $4,131,294, as com¬
pared with $3,081,745 a year ago. The aggregate resources
in the same time have risen from $3,994,403 to
$5,652,328.
This growth during the twelve months is no doubt due in
part to the consolidation of the Merchants’ National with the
First National, which occurred last May, when the
capital
of the First was increased from $400,000 to
$500,000. The
latter also has surplus and profits of $270,917.
F„ O. Watt
the call of March 22, reports
is President and Randall Curell Cashier.
—The Louisiana Bankers’ Association will hold its annual
on the 17th and 18th inst. at Shreve¬
convention next week
Addresses will be delivered by Newton C. Blanchard,
Louisiana; W. L. Young, State' Bank Examiner;
Charles G. Dawes, President of the Central Trust
Company
of Illinois, Chicago, and S. Wexler, Vice-President of the
Whitney-Central National Bank of New Orleans.
port.
Governor of
—It is
proposed to open the new Lumberman’s National
on May 1.
As noted last week, the capital
is to be $400,000 and there will also be a surplus of
$100,000.
The officers will be S. F. Carter, President; Jesse H. Jones,
J. P. Carter, W. E. Richards and Guy M. Bryan, Vice-Presi¬
dents, and A. S. Vandervoort, Cashier.
Bank of Houston
in
[VOL.
LXXXIV.
optimistic spirit and clung to the securities it had pur¬
Apparently the advance in its rate of disconnt by
Bank of France on Thursday of last week proved to be
turning point. - The banks in Germany took it to mean
an
chased.
the
the
that the Bank of France was determined that no financial
assistance should be given to Germany, and accordingly they
called in loans upon a large scale.
This put in motion a great
liquidation, which so alarmed operators that they threw
stocks wildly upon the market.
The position is undoubtedly
critical, though there is no reason to fear serious troubles.
The reports of the various banks for 1906 show clearly that
they-have locked up a very large proportion of their funds
in
unsalable securities.
Therefore they are
call in loans just at a moment when the public
compelled to
is in an almost
panicky state of mind. Under the circumstances the Im¬
perial Bank of Germany took a very wise step and obtained
gold from the Austro-Hungarian Bank. Germany is in¬
debted to the rest of the world, as is evident from the fact
that the foreign exchanges have been against Germany for
a very long time past.
The influence of the Imperial Bank
has prevented the export of gold on any considerable scale.
But the unfavorable exchanges have also made it impossible
to import gold. .Under these circumstances the Imperial
Bank judged it necessary to obtain assistance from the Aus¬
tro-Hungarian Bank. It is understood that the sum already
advanced will be followed by further remittances.
During
the present week, which is the last of the first quarter of the
year, the demands for banking accommodation will be on an
immense scale, and it was urgently necessary that the Im¬
perial Bank should increase its gold reserve. According to
its last report, the total cash held on March 23 was under
46 millions sterling, of which somewhat over nine millions
sterling was in silver. Consequently less than 37 millions
sterling were in gold. At the same time the note circulation
exceeded 67
millions sterling, and it is considered not im¬
probable that the increase in the circulation in the current
week will run up from 15 to 20 millions sterling
Unlike the Stock Exchange, the money market is com¬
paratively cheerful. It takes a rather optimistic view of the
situation and considers the fears of the Stock Exchange
grossly exaggerated. Especially, it laughs at the alarmist
rumors which have circulated so
widely throughout Stock
Exchange circles during the week. Money is in good de¬
mand, and the rates of interest and discount are well main¬
tained.
It is believed that practically the demands for gold
of both India and South America are now at an end, and it
is hoped that New York will not need to take gold from the
Bank of England.
On Monday New York bought somewhat
under £400,000 offering in the open market, the total amount
disposable having been somewhat over £550,000. From
this it is hoped that New York will be able to satisfy its de¬
mands by purchases in the open market and will not draw
upon the Bank of England.
If so, there will be no advance
in the Bank of England rate.
The favorable view is greatly
strengthened by the action of Mr. Cortelyou in accepting
other than United States bonds as security for Treasury
deposits, and in ordering Custom House officials to deposit
customs receipts with the depository banks.
This action
has made an excellent impression not only in the money
market but also on the Stock Exchange.
The India Council offered for tender on Wednesday 50 lacs,
and the applications exceeded 323 lacs, at prices ranging
from Is. 4 3-32d. to Is. 4 5-32d. per rupee.
Applicants for
bills at Is. 4 3-32d. and for telegraphic transfers at Is.
4 5-32d. per rupee were allotted about
15% of the amounts
applied for.
The rates for money have been as follows:
,
March 28.
5 1-16@5)6
Bank of England rate
March 22.
5
March 15.
5
March 8.
5
Open Market Rate—
Ittcm ctirojg fioinin cvciuU: uglt s hHeius
(From
our own
correspondent.)
London, Thursday, March 28 1907.
The week has been an exceedingly anxious one upon the
Stock Exchange.
Feeling on Monday, indeed, was more
depressed and apprehensive than it has been for a long time
past. In the morning the markets opened comparatively
cheerful.
Members of the House began to hope that the
fear of failures had been exaggerated, and that the settle¬
ment would be carried through better than had been antici¬
pated. This took place notwithstanding that there had been
a very sharp fall on
Saturday upon the Berlin Bourse.
The market here did not take much notice of the troubles
in Berlin, but when the opening prices from New York were
received and showed a resumption of liquidation alarm
spread through the Stock Exchange and an exceedingly de¬
pressed feeling was created. Since then there has been a
But there is still much apprehension, although
recovery.
the belief has been growing ever since the beginning of the
week that most of those who
assistance,
in difficulties have received
and that the failures will be much fewer than had
were
been dreaded.
During the settlement yesterday evening
there were only three failures, each of them small.
In Paris
there has also been a sharp fall, chiefly in copper shares, the
price of
copper on
the metal exchange in London having
dropped heavily at the end of last week.
In
Germany speculation has been rampant for a long time
In vain the Imperial Bank has sounded a note of
warning. In vain the other banks have recommended their
customers to decrease their commitments.
The public was
past.
Bank bills—3 months
5 1-16 @5)6
—4 months....
5 @5)6
—6 months
5)6 @554
Trade bills—3 months
5)6 @554
—4 months
5)6 @554
Interest allmced Jor deposits-
By joint-stock banks
By discount houses:
At call
7 to 14
days
5 @5 1-16 5 1-16 @5J4
5@5 1-16 5 1-16 @5)6
476
454
4H@456
5 @5)4
bA @554
5 @5)4
5)6 @554
5
5
5)6 @5*4
5)6 @554
3)6
3)6
3A
3)6
3)6
354
3)6
354
3A
3A
3A
354.
The Bank rates of discount and open market rates at the
chief Continental cities have been as follows:
March 30.
Rates oj
Interest at—
Paris
w
Berlin...
—
Hamburg
Frankfort
Amsterdam
Brussels
Vienna
St. Petersburg
Madrid
6
5
4)6
March 22.
Bank
0
A
Open
Rale. Market.
556
4A
4 7-16
7
4
Copenhagen
Messrs.
Bank
Open
Rate. Market.
3A
3%
6
556
6
556
6
556
4
5)6
3A
3H
554
556
0
6
6
b%
556
4A
6
b
4A
4 7-1G
7
4A
G
....
4
Pixley & Abell write
5'6
as
March 16.
Bank
March 9.
Open
Rate. Market.
3
3
6
6
6
6
4
4)6
5%
6)6
556
556
3 15-10
4H
7
4)6
6
Bank
Open
Rate. Market.
3
3
6
6
6
5
4
4)6
5V4
5H
5)4
4A
3 15-10
4 3-10
7
4)6
6
4
5)6
4
5)6
follows under date of
March 27:
GOLD.—Of this week’s arrivals New York has secured about £350.000, while the
Bank has taken about £150,000, and the balance has gone to India.
Since our
last £480,000 has been bought by the Bank, of which £280,000 is in bars, and
£60,000 has been withdrawn for export. £780,000 is expected, from South Africa
next week.
Arrivals—South Africa, £550,000; West Africa, £77.000; Australia,
£IS,000; total, £645,000.
Shipments—Bombay, £88,000; Calcutta. £18,000;
total, £100,000.
SILVER.—The market continued, steady, with a small improvement in prices,
until the 23d inst.
On the 25th, however, further sales on China account, coming
on a dull market, forced the quotation down )6d. to 30
7-10d., while forward fell
7-16d.
Yesterday and to-day there has been a recovery to 30 13-16d. on some
covering orders for bears, and less selling by China.
The market closes quiet.
The
Indian price is Rs. 79 13-16 per 100 Tolahs.
Arrivals—New York, £172,000.
Shipments—Bombay, £94,000; Calcutta, £63,500; total, £157,500.
MEXICAN DOLLARS.—There are
York, £14.000.
£102,500.
no
Shipments—Bombay,
transactions to report.
£43,000;
Calcutta,
Arrivals—New
£59,500;
total,
-
Ape. 13
The quotations
GOLD.
London Standard.
Bar gold, fine, oz
U. S. gold, oz
for bullion
are
reported
as
follows:
8.
.77
,76
German gold coin, oz. .76
French gold coin, oz. .76
.76
Japanese yen. oz
* Nominal.
.
30 13-16
30K
33 K
“
.
nom.
.
The following shows the imports of cereal produce into
the United Kingdom during the season to date compared
with previous seasons:
IMPORTS.
Thirty weeks.
Imports of wheat
Barley
1906-07.
cwt.47.03S.100
15.009,300
1905-06.
45,547,300
15,077.200
6,379,000
1.175,190
7,293,200
Oats
Peas.
Beans
597.400
9,645,798
1,419,749
7,817,500
1.354.341
1,038,550
1,158,445
496.870
2S.233.S00
9,241,200
29,663,100
8,090,800
Indian corn
Flour
1903-04.
51.130.461
22.269.06S
1904-05.
59.067.600
15.189,200
1.503.06S
30.58S.697
13,678,524
25.925.600
6,921,320
Supplies available for consumption (exclusive of stock on
September 1):
1906-07.
1905-06.
1904-05.
1903-04.
59,067.600
6,921,320
10,719,549
51,130,461
13,678,524
12,008,962
Wheat imported
cwt. 47.038,100
Imports of flour
8.090.S00
18,114,734
45.547,300
9.241,200
22,696,218
73.243,634
77,484.718
76,708.460
76.S17.947
26s. lOd.
28s 4d.
28s. Id.
30s. 9d.
30s. 4d.
28s. 2d.
27s. 2d.
Sales of home-grown
Total
Average price wheat, week
Average price, season
26s.
4d.
The following shows the quantities
maize afloat to the United Kingdom:
Wheat
Flour,
qre.
equal
of wheat, flour and
This week.
Last week.
1906.
1905.
14.130.000/
3.770,000
4.005.000
180,000
4,120,000
145,000
l
qrs.J
to
Maize
qrs.
170.000
575,000
515,000
325,000
480.000
English Financial Markets—Per Cable.
The daily closing quotations for securities, &c., at London
as reported by cable have been as follows the past week:
London,
Week ending April 12.
Silver, peroz
d.
Consols.new, 2H per'’ents-.
Foraccount
French rentes (in Paris).-fr.
Russian Imperial 4s
do
new 5s..
do
b Anaconda Mining Co
Atchison Topeka & Santa
Wed.
30 3-16 30
86K
86 3-16
86 5-16
86 5-16
86 11-16 S6K
94.72K
94.67K
73 K
83 K
94.67K
94.62K
74 K
75
85
99 K
74
83 M
99 K
.
.
Amalgamated Copper Co
Mon.
30 3-16
S6K
Sat.
30 1-16
86K
-
13K
Fe 100
13K
99K
99
105 K
93
182
42
99
103 H
93
14K
14K
-
Preferred
Baltimore & Ohio
Preferred
Canadian Pacific
.
.
.
.
Chesapeake & Ohio
Chicago Great Western....
Chicago Milw. & St. Paul..
.
-
_
Denver & Rio Grande, com.
Preferred
142
31K
77K
26K
-
.
Erie, common...
62
First preferred
43
Second preferred ..s
.152
Illinois Central
Louisville & Nashville
-124K
Mexican Central
38 K
Missouri Kans. & Tex., com
68
Preferred
53
National RR. of Mexico
N. Y. Central & Hud. River. 125K
40 K
N. Y. Ontario <fc Western..
Norfolk & Western, common 82
82 K
Preferred
.141
Northern Pacific
-
.
.
.
.
.
-
-
.
a
a
Pennsylvania
Reading Co..."
.
-
.
66
58
44 K
First preferred
a Second preferred
44K
23 H
Rock Island Co
S6K
Southern Pacific..
Southern Ry., oommon
23K
76
Preferred
-145K
Union Pacific, common
89
Preferred
U. S. S.eel Corp., common.
38K
103 K
Preferred
15
Wabash
27K
Preferred
Debenture Bs
64K
a
.
-
.
.
-
.
.
..
.
.
.
.
.
a
Price per share,
100
Tues.
84
100
13K
99 K
13K
100
99
99
104 K
93
103K
93
182 K
42 K
14K
179K
43
1S2K
43
14
141
32 K
78
141K
141
32
32
78
77K
2GK
26
62
42 K
25K
GO
62
42
153
123
152K
124
23
3SK
68
53 K
125
39 K
82 K
82 K
141
65 K
57 K
40
152
122
23K
38K
23K
38K
68
68
54K
54K
40K
125
39 K
82
82 K
81K
82 K
140K
65 K
57K
44K
141
65 K
57 K
44 K
44
23 K
87 K
22 H
73 K
126
44K
44 K
23K
87 K
22K
44
23 K
87 H
23
75K
146K
76 K
144K
145K
90 K
39K
104K
91
39K
103 K
15
27
89
38K
103 K
15
27 K
G4K
Fri.
30 5-16
30K
86 3-16 86K
Thurs.
S6K
86 5-16
94.60
94.52K
75 K
85 K
99 K
13 K
98 K
99
104 K
93
18 IK
43 K
74 K
84 K
97 K
103
93
180 K
43 K
14K
139K
31K
7S
25
58
40
150
122
23 K
38
6S
23K
38K
68
54 K
123
39 K
55K
123
55
44
44
23
87 H
22 K
86 K
22
22K
68 K
144K
67K
142
91
90
40 K
104 K
15K
27
27
66
103
15
27
Common. extra
dividends.
!
Per
Cent.
Name oj Company.
When
Books Closed.
Payable.
Days Inclusive.
the
Railroads fSteanO
j
(quar.)..
Chicago Milw. &. St. Paul, com. & pref__;
Cleve.Cin.ChIc.& St. Louis,pref. (quar.)_.
Cripple Creek Cent. com. (quar.) (No. 7) j
Preferred (quar.) (No. 8)
Reading, second preferred
Ogdensb., guar. (guar.) j
RomeWatertown tfc
Southern, preferred
Toledo St. Louis & Western, preferred.
Street Railways.
Boston Suburb. Elec. Cos., pref. (quar.);
June
2K
2
May
May
3K
Apr.
IK
IK
Apr.
Apr.
Apr.
Apr.
April
Apr.
Apr.
April
April
April
April
May
July
Apr.
Apr.
May
Apr.
May
May
1
Georgia RR. & Banking (quar.)
Grand. Rapids & Indiana.
Grand Trunk, guaranteed
First prcjerred
Second prejerred
Third preferred (annual)
Great Northern (quar.)
Kansas City Southern, preferred
Minn. St. Paul & S. S. M., com. (No. 8)-i
Preferred
Missouri Kansas &. Texas, preferred
!
New York Central <fc Hudson Riv. (quar.)
Northern Pacific (quar.)
3
2K
2K
2K
IK
Delaware Lackawanna & West. (quar.).
Evansville'& Terre Haute, prefern d
2
-
2K
2K
3
IK
4
2
3K
2
IK
IK
2
IK
2K
2
May
April
Apr.
May 11
10 May
2
1 April 19
1
to
to
to
20 Holders of rec.
20
20
20
20
2
May
9
April 30
Mch. 20
Mch. 30
Holders of rec.
to
Apr. 11
Apr. 20
to
Apr. 20
Apr. 11
to
Apr. 19
Apr.
4
15'
15 Apr.
25
26
26
26
26
J une
Apr.
Mch.
Mch.
Mch.
Mch.
2
16
11
11
11
11
to
to
to
to
to
to
to
1 April 18
to
1 June 11
15 Holders of rec.
15 Holders of rec.
to
10 Apr. 21
15 Holdere of rec.
to
1 Apr. 11
10 Holders of rec.
15 Holders of rec.
to
22 Mch. 31
to
15 Mch. 31
Apr.
Apr.
April
April
April
April
May
July
14
25
11
11
11
11
5
1
Mch. 29
Mch. 29
May
9
Mch. 28
May
1
Apr. 23
May
1
April 1
April 15
*'
Telegraph (quar.)
75c.
2K
S3
IK
K
IK
April
Apr.
May
Apr.
Apr.
May
15 Holders of
15 Apr.
5
li Holders of
15 Mch. 31
15 Apr.
8
1 Holdere of
rec.
to
rec.
to
to
rec.
—
—
Railway Equip. Corp.
The following shows all the dividends announced for
future by all large or important corporations.
Dividends announced this week are 'printed in italics.
Brooklyn City RR. (quar.).
Cape Breton Electric Co., Ltd., preferred
Cln. New.A Cov.Lt.&Tr., pref. (quar.)..
Cleveland Electric {guar.)
—
Columbus (O.) Ry., prejerred (guar.)
-
Pennsylvania Salt Manufacturing
preferred (quar.)
Quaker Oats, common (quar.)
..
preferred
j
Procter & Gamble,
....
©otmncvciUil and IFtisccllimcons jjQaua
Fe, common.
■
—
39 H
b £ sterling.
Atchison Topeka <fe Santa
Atlantic Coast Line RR.,
Central RR. oj New Jersey
Miscellaneous.
IK May
American Caramel, common (guar.)
K May
Common, extra
1
,Apr.
American Chicle, common (monthly)...
April
Arner. Dist. Teleg. of N. J. (guar.)
1
American Locomotive, common (quar.).
1K May
Preferred (quar.)
j
IK Apr.
April
Amer. Seedirg Machine, com. (quar.)..!
1
Preferred (quar.)
IK Apr.
;
Apr.
American Shipbuilding, pref. (quar.)
! IK
Am. Smelt. A Ref., com.(quar.)(No. 14)
IK April
Apr.
American Telephone & Telegraph (quary
2
Apr.
American Type Founders, com. (quar.).j
1
Preferred (quar.)
L IK Apr.
American Woolen, pref. (quar.) (No. 32)
IK Apr.
Anaconda Copper Min. (quar.) (No. 26); $1.75 Apr.
Associated Merchants, first pref. (quar.)
IK Apr.
First preferred (extra) (quar.).
K Apr.
Second preferred (quar.)..
i IK Apr.
Second preferred (extra) (quar.)
K Apr.
Apr.
Bell Telephone of Canada (quar.)
i 2
Bell Telephone (Philadelphia), (quar.)..!
IK Apr.
May
British Columbia Packers' Asso., pref...\
3Ke
CentralCoal&Coke.com. (quar.) (No. 26)!
IK Apr.
Preferred (quar.) (No. 55) —
-j IK Apr.
Apr.
Central Dist. A Print. Tcleg. (quar.)
2
Mch. 15
Apr. 15
Apr. 15
Apr. 15
(monthly) (Vo. 107)
Extra
Realty Associates. Brooklyn
j
!
Preferred (quar.) —
United States Glass (quar.).
•
U. S. Realty & Improvement (quar.)...
flrst
United States Rubber,
pref. (quar.)j
Second preferred (quar.)
i
U. S. Smelt., Ref. & Min., com. (quar.).
Preferred (quar.)
—1
Utah Consol. Mining of N. J. (quar.)...
Extra
.
—!
Va.-Car. Chem.. pref. (quar.) (No. 46).. 1
Vulcan Detinning. preferred (quar.)
i
Western Union Teleg. (quar.) (No. 154)-1
{
Worthington (H. R.) Inc.,
*
preferred
April
Apr.
IK
IK
IK
IK
{Apr.
June
16
lj Holders
1
lj Apr.
2
20 Holders
15 Holders
1 Apr. 21
15 Holders
April 28
1
i
[Apr.
{April
April
April
|
April
Apr.
IK !Apr.
IK (Apr.
3K
May
May
May
6 April 25
1 Apr. 28
to
1 Apr. 21
to
to
Apr. 15
to
Apr. 15
15 Apr.
15 Apr.
to
s
8
Holders of rec.
Holders of rec.
to
to
to
to
15!Holders of rec.
15 Holders of rec.
15' Apr.
5
to
15 April 6
to
to
15 Mch. 18
15‘Holders of rec.
15 Holders of rec.
to
15 Mch. 31
1
1
20
22
Apr. 16
April 13
27; May 11
22; Apr.
2
18;Apr.
to
7
April 10
April 10
Apr. 21
April 21
May 26
Apr. 21
Mch. 30
Mch. 30
Apr. 15
April 15
Mch. 30
Apr. 10
Apr. 10
Apr.
15
Apr. 15
Apr. 18
Apr. 18
Mch. 28
Apr. 18
Apr. 18
Mch. 28
15'Holders of rec. Mch. 23
April 15
15;April 6
to
May 20
May 10
to
Apr. 16
1
15;Apr.
to
15 Apr.
Apr. 15
1
to
30 Apr. 24
Apr. 30
to
27 Apr. 26
Apr. 28
to
Apr.
25
25Apr. 16
to
May 116
15May
1
to
Apr. 15
15 Apr.
6
to
April 20
20;April 11
to
April 30
30 April24
to
Apr. 28
27 Apr.
7
to
15 Apr.
Apr. 15
to
5
6
to
15 June
25 Apr. 16
to
15
15
15
15
to
Mch. 28
Mch. 28
to
to
to
..
5
2K
IK
IK
IK
$1.25
25c.
2
1
15
of rec. May 10
to
Apr. 20
of rec. ApriljlS
to
April 15
to
Apr. 15
of rec. Apr. la
of rec. April 20
of rec. Apr. 12
Apr.
to
May
to
of rec. Apr.
of rec. May
to
May
of rec. April 30
to
1
May
20 Holders
20 Apr. 16
1 Holders
15 Mch. 30
15 Apr. ll
15 Holders
30 Holders
15 Apr.
May
rec. Apr.
to
lj Holders of
Apr.
1 Apr. 16
May
1 Holders
May
1 April 17
IK May
1 Holders
May
Sh
15
Holders
Apr.
2
20
Holders
IK April
1
April 15 Holders
15 Holders
1
; Apr.
1 Apr. 11
IK May
15 Holders
4
May
1 April 20
IK May
2
Apr. 2
I Apr.
Mch. 31
2K Apr.
Mch. 29
IK April
Mch. 29
l
April
1
Apr. 6
'Apr.
Holders
1
Apr.
Holdere
IK :May
2
Apr. 6
Apr.
15 Holders
Apr.
2
IK Apr. 15 Holdere
15 Holdere
IK Apr.
15 Holdere
2
Apr.
12 Holders
IK Apr.
15 Holdere
IK/ Apr.
15 Holdere
IK jApr.
1 April 16
IK May
1 April 16
IK May
1 April 16
IK May
6
15 Mch. 26
Apr.
2
April 15 Holders
IK April 16j Holders
K | April 151 Holders
IK ! April 15
April 15!
2
Holders
Apr.
3
Holders
Apr.
2
Holders
1 K Apr.
Apr.
7
1.K Apr.
Apr. 10
K Apr.
Apr. 11
May
1
Apr. 11
May
2
April 15 j Mch. 16
1
IK Apr. 29 Apr. 17
1; Holders
3 K May
Apr. 15^ Holders
2
Apr.
15; Holders
2
15 Holders
Apr.
2
IK 'Apr. 15!Holders
1 May
2
iJune
1
llMay 2
IK Juno
25!
Apr.
1
1 Apr. 25
IK May
Apr. 30 Holders
2
IK
30:
15
15
15
15
to
of rec.
to
of rec.
of rec.
of rec.
of rec.
of rec.
to
of reo.
May
2
Apr. 15
May
1
Apr. 27
Mch.l4a
April 10
April 5
Apr.
5
May 1
April 30
to
to
to
to
May
1
Apr. 15
Apr. 16
April 1
to
April 16
to
Apr. 15
of rec. Apr.
1
of rec. Apr. 20
Apr. 21
to
of rec. Apr. 1
of rec. Apr. 5
of rec. Mch. 31
Mch.
of rec. Apr.
of rec. Mch.
of rec. Mch.
May
to
May
to
ofvrec.
to
31
10
30
30
1
1
May
1
Apr. 14
to
of rec. Mch.30a
of rec. April 5
of rec. April 6
of rec. Apr.
of rec. Apr.
of rec. Apr.
to
to
to
to
to
to
5
5
10
Apr. 15
Apr. 25
May
7
May
7
April 15
Apr. 29
of rec. Aprll22a
of rec. Mch. 30
of rec. Mch. 30
of rec. Mch.
of rec. Mch.
to
May
to
May
20
20
31
31
May
1
to
of rec. Apr.lSa
Holdere of rec Apr.15a
Holders of rec. Mch. 15
Holders of rec. Mch. 15
to
Mch. 22
Mch. 16
Mch. 22
to
Mch. 16
15) Mch. 31
20; Apr. 11
15 Mch. 21
1 April 20
Transfer books not closed,
f Also 1K% on common, payable
b Payable in common stock at par.
e On account of back dividends—covering period from May 20 to
h On account of over-due dividends.
a
to
to
Apr. 15
May
2
to
Mch. 31
to
May * 1
Oct. 15 1907.
Nov. 20 1905.
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
Stocks.
35
10
10
30
Stocks.
National City Bank
Van Norden Trust Co
255
299 %
Bank..156
Consolidated Nat.
Nat. Folding Box & Paper
21
Co
15
Fidelity
Fire
Ins.
New York
April 15
I
(No. 8)
Reece Buttonhole Mach, (quar.) (No.84)
San Diego Conso. Gas & Elec., pf. (quar.) j
Standard Milling, preferred
;
Streets West.Stable Car Llne.,com. (quar) i
Tennessee Coal, Iron & RR., com.(quar.)
Preferred (quar.)
\
LTnion Bag & Paper, preferred (quar.)..!
United Copper, common (quar.)
j
1 tutted Electric Securities Corp., pref
United Fruit (quar.) (No. 31)
i
United Gas Improvement (quar.)
:
United Shoe Mach. Corp., com. (quar.).j
Preferred (quar.)
I
U. S. Cast I. Pipe & Foundry, com. (gu.) j
;Apr.
5
Apr.
1
May
3
Apr.
2
IK April
Days Inclusive.
1 Apr.
May
;Apr.
1
National Carbon, common (quar.)
National Fireproofing, preferred (quar.).
New England Telephone <fe Teleg. (qu.)
New York Air Brake (quar.)
New York Dock. preferred
j
N. Y. & N. J. 1 elephone (quar.) (No. 94)
Nova Scotia Steel
Coal, common
Preferred (quar.)
—
Oklahoma Gas & Electric, pref. (guar.)...
Otis Elevator, common
—
Preferred (quar.)
Pacific Coast, common
First Preferred (guar.)
Second preferred (guar.)
44K
44K
|
Extra
Books Closed
When
Payable
May
Georgia Ry. & Electric, Atlanta, com.. 33 1-35 May
Preferred (quar.)
j 1 K Apr.
Grand Rapids (Mich.), preferred (quar.). \
IK May
Havana Elec. Ry., pref. (quar.) (No. 5).
April
1
Lincoln (Neb.) Traction, common
Apr.
4
Manchester (N. H.) Trac.Lt.&P.(quar.)|
IK Apr.
Milwaukee El. Ry. & Lt.,pf.(gu.) (No .30)
IK April
Montreal Street Railway (quar)
j 2K May
New Orleans Ry. A Light, pref. (quar.). •
IK Apr.
IK May
Philadelphia Company, common (quar.)
Spokane & Inland Empire RR., pref. ctf.
IK Apr.
Tampa (Fla.) Electric Co
5
May
Toledo Railways & Light
.<
1
May
IK May
TwinCityRap.Tran.(Minneap.),com.(gu.)
West Penn Rys. (Piltsb.), pref. (guar.)..\
IK {May
Trust Companies
Broadway
:
3
(May
Nassau, Brooklyn (guar.)
2
{May
Banks.
]
Mount Morris.
4
(May
{
New York Produce Exchange
3
‘Apr.
Common .extra
137K
64K
i
IK
lK
(quar.).
National Biscuit, common (quar.)
80
82 K
65
56 K
Street Railways (Continued)
Detroit United Railway (quar.)
East St. Louis tfc Suburban, pref.
Mexican
39K
81K
82 K
139K
Per
Cent.
of Company.
Century Realty
!
Chicago Pneumatic Tool (quar.)
!
City Investing
Claflin (H. B.), common (quar.)
j
Consolidated Ice, Pittsburgh, pref. (guar.)\
Consolidation Coal (guar.)
Distillers’ Secur. Corp. (quar.) (No. 18).
Distilling Co. of America, pref. (quar.)..
du Pont (E. I.)deNemoursPow.,com.(qu
Preferred (quar.)
_.!
Eastman Kodak, common (extra)
\
Edison Elec. III., Boston (quar.) (No.72)
Electric Bond <i- Share, pref. (guar.)
1
Federal Sugar Refining, pref
|
General Electric (quar.)
1
Harbison-Walker Refractories, pref. (gu.)
Hudson River Telephone (guar.).„
I nternat.Buttonhole Mach, (quar.)
International Nickel, preferred (quar.)..
Tnt. Smokeless Powder & Chem., pref
Intemat. Steam Pump, pref. (qu.)(No.32)
Lanston Monotype Machine
12K
98 K
98K
32
78
25
58 K
40
151
122
G6K
....
.
14K
140K
15
Name
Mch. 21.
d.
Mch. 27.
SILVER.
27. Mch. 21.
d.
London Standard.
s.' d.
d.
.30 13-16
77 9K Bar silver, fine, oz
10K
2 mo. delivery, oz .30 9-16
76 5
5K
-33K
5K* 76 5* Cake silver, oz
nom.
5K* 76 5* Mexican dollars
5K* 76 5*
Mch
849
THE CHRONICLE
1907.]
45
Carnegie Trust Co
(dues
paid to Jan. 1 1907)...$110
1 N. Y. Law Institute
20
Co. of
250
...22b
'
10 Title Guar. & Trust Co
545 K
11 Bank of N. Y.. N. B. A..300K
20 Hanover National Bank—500
Cayey-Caguas Tobacco Co.,
preferred $25 each....$475 lot
850
THE CHRONICLE
Statement of New York City Clearing-House Banks.—
following statement shows the condition of the New
York City Clearing-House banks for the week
ending April
New York
The
6.
It should be
distinctly understood that
is
We omit two ciphers (00) in all cases.
Apr.
Loans.
Specie.
t
Merchants’
Mechanics'
America
Phenix
City
Chemical
Merchants’ Ex.
Qallatin
Butch. <fc Drov.
Mech.«t Traders’
Greenwich
Amer, Exch...Commerce
Mercantile
Pacific
Chatham
People’s
North America.
Hanover
Citizens’Central
Nassau
Market & Fult.
Park
East River....
Fourth
Second
Irving Nat Exch
Bowery
N. Y. County..
German-Amer
.
Chase
Fifth Avenue..
German Exch..
Germania
Lincoln
Garfield
Fifth
%
16,873,0
20,774,0
13,064,1
19,667,0
21,931,2
1,000,0
430,1
8,531,0
25,000,0
3.000,0
22,552,8
5,364,7
149,563.3
25.788,2
5,954,6
8,321,3
2,420,2
600,0
503,7
1,000,0
300,0
2,000.0
2.411,3
500,0
698,6
4.983,7
14,945,0
5,028,2
784,0
160,6
910,3
2,000,0
3,000,0
750.0
1,500,0
3.000,0
250,0
3,000,0
Corn Exchange.
Oriental
Imp. & Traders’
$
2.987.4
2,908,8
1,557,6
3.679.4
4,080,5
5,000,0
25.000,0
3,000,0
500,0
450,0
200,0
2,000,0
3,000,0
2.550.0
500,0
1,000,0
Metropolitan
First
$
2,000,0
2,050,0
2,000,0
3,000,0
1.500,0
16,185,0
5.849,4
27.519,0
135,727.0
20,905,3
3,254,3
1,048.4
5,656.1
469,5
2,295.3
8.389.S
966,0
346,7
1,541,4
890,7
4,834,2
1,204,8
7.130.7
8,415,3
2,187,6
16,413,1
55.731,6
19,723,7
3,484,8
7,220,1
10,679,2
36,566,0
9,952,9
24,643.7
68,729,0
1,254,3
17,976,0
9,743,0
80,276,0
15.571,3
3,530,0
5,340,6
3,619,6
48,608,1
10,028,6
3,421,6
124.4
3.1G6.6
500,0
1,900,2
10,000,0
2,000,0
250,0
200,0
750,0
5,000,0
19,981,1
1,038.2
779,9
841,6
604,0
4,595,2
1,894,9
831,4
944,6
1,500.4
1,369,1
458.5
1,718,0
852,7
1.357,2
699,2
4,876,0
12.688,8
7,776,8
3.178,1
9,865,6
4,294,0
16.711.0
4.741,0
100,0
2(H).0
200,0
500.0
1,000,0
250,0
...
Metropolis
1.000,0
West Side
200,0
Seaboard
1st Nat., Bklyn.
1 .000,0
Liberty
1,000,0
N. Y. Prod. Ex.
New Amsterd’m
State
2,291,1
1.000,0
12.281,2
626,5
284,8
611.4
6.161,1
4,627,4
12,803,0
a
300,0
1,000,0
1,000.0
$
1,678,0
2,434,0
1,076,7
2,305,0
2.245,1
2,086,0
4,470.0
2,927.3
2,974,0
3,716,9
2,726,0
41.457,6
5,266,7
a Re¬
1,453.7
927,0
522.8
3,403.0
1,006,4
3,372,0
19,709,0
1,599,7
323,4
622,8
468,9
2,537,4
11,135,0
3,290,1
302,1
250.0
1,211,2
9,258,7
743,4
386,4
857,6
334,4
1,104,9
6,446,7
1,539,0
441,8
496,3
157,4
3.818,0
358,3
1,264,0
4,239.0
162.8
2,103.0
1,287.0
1,536,3
625,5
1.317.3
2.094,3
7,183,0
1.698,1
4,148,0
16,730,0
196,4
3.295,0
1,160,0
15.225,0
3,351.1
720,0
106.0
1,041,1
729,0
12,051,6
2,334,0
520,6
18,7(55,1
3,778,7
6.800.6
10,402,6
42,262.0
10,059,5
21,410,0
77,341,0
1,461,0
19.825.0
9.227.0
63,775,0
15,353,3
3,810,0
185,0
828.9
1,329,7
1,594.8
569,1
751,1
509,0
3,280.0
657,0
2,039,6
1.393,3
532,8
3,710,0
.
200.0
$
Legals. Deposits,
$
1066,956,9
1053.576,6
1049,989,6
1056,545,2
1062,688.8
43,680,0
43,680,0
43.680,0
43,680,0
181,522.0
179,148,0
178,166.0
177.128.0
51.165,0
51,165.0
51.165,0
51,165,0
222,729,0
221,221,0
219,512,0
219,592,0
%
71.566,3
70,572,3
70,271.2
72,425,9
206,958,0 71,661,5
$
185.456,7
183.454,4
184,974,4
195.659,7
16,403,0
15,850,0
16,139,0
17.037,0
1019,889,1
1003,974.4
1002,144,6
1019,817,3
1036.713.1
4,108,0
4,027,0
3,913.0
4,224,0
51,032,0
52,016.0
51,331,0
54,505,0
of
|
on
For week.
1907.
Dry Goods
General Merchandise.
Total
Since
8,489,0
8,500,0
8.473,0
8,511,0
182.649,6
170,981.3
171,180,8
185.972.2
250,145,0
247.048,0
246,100,0
248,669,0
13,785,0
13.956,0
14,035.0
14,017.0
144,706.7
155,794.8
133,947.2
162.345.3
1906.
Sur-
and
j Specie.
Invest-
j
nu-nts.
j
S2,735,170
11,961,991
S17.873.920
$15,505,316
$14 697,161
$11,281,239
S57.652.425
193,578.599
S50,670,913
1G0.000.843
$43,844,141
167.814,722
$38,059,426
136,733,279
Chelsea Exch
Colonial
Columbia
Consol. Nat
....
.
_.
Fidelity
14th Street..
Hamilton
JeUerson
Mt. Morris..
Mutual
I9th W’ard..
Plaza
Riverside
12th Ward..
23d Ward...
Union Exch.
Yorkvllie
Coal 41. Nat.
34th St. Nat.
...
...
...
Batt.Pk.Nat.
100,01
s
174.7
154.0
103.7
100.0,
300,0]
427,8
442,3
1.000,0! 1,123.4
200,0
144,4
1,000,0j
424,0
200,0|
5<H) ,0|
243,3
250.0;
200 ,o!
200,0 i
100.0
lOO.Ot
200.01
100,0!
750.0
100.0;
500,0
200.0
200.0
642,7
219,5
286,5
S
957.3
1.242,7;
6.410,71
1.108.5
6,949,3'
4.874.0i
4,290,0
2,609,8
211,3
174,6
839.6
384,7
583,8
210,9
121,5
260.71
342.9
101.1
Brooklyn.
Borough
200,01
156,3
Broadway
3,105,1
150.0j
405,4
2,768,1
1,860.3
..
Brooklyn
Mfrs.’
Nat..
Mechanics’..
Nassau Nat.
Nat. City...
North Side
5251,231.024 $210,671,756 $211,658,863 SI 74,792,705
.EXPORTS FROM NEW YORK FOR THE WEEK.
27.5
27.3
24.5
!
|
1907.
|
!
1906.
1905.
.
|
For the week
24.0
23.7
23.4
23.3
26.5
Previously reported
21.8
25.9
25.5
18.0
25.2
The following table shows the
exports and imports of
specie at the port of New York for the week ending April 0
and since Jan. 1 1907, and for the
corresponding periods in
Total 14 weeks
813,973,573 S11,854,4951 S12.415.488
I 101.225,891! 163.004,1271 134.299,556
$9,229,990
12S.321.S53
!S175,199,464 S174,918,622!S146,715.044
'
S137.551.843
i
1
,
1900 and 1905:
1036.713,1 26.2
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
a
Tot. Apr.
$
13,1
24.0
76,4
82,3
259.0
837,5
11,8
281.6
258,0
13,1
147.1
25.3
25.3
279,0
14.6
30,0
55.9
454.8
43,9
641 .0
271.3
100.0
152.8
718.5
4.504,0;
1,000,0:
750,0
300,0
100,0
896 5
11.117,91
241 .6
946,9
625.0
6,017,0'
230,0
3.072.0*
128,0
212 5
1.686,6!
24,8
i
'
1
;
400,0' 1,162,7
4..171.K
250,0
200,0
713,9
2.560.0
Tender
and
Bank
Notes.
!
Clear¬
ing
Agent.
349,7
1,789
580.5
193.2
$
43,2
52 ,G
45,1
308.7
231,0
101.6
69.4
316,9
211.1
311,2
90.7
351.2
331,9
275,0
98,2
201,0
158,9
258,0
360.0
225.0
6,2
28.9
193,8
210.7
78,0
109,6
562.7
444,0
316,0
112 5
'
$
67.S
76.0
104.7
512,2
475.0
237.7
94.7
258.8
299,7
372.4
335,5
175.4
406.2
348.0
100.1
169,0
130.1
France
Imports.
11’ec/;.
Since Jan. 1
SI .386.953
_
$2,141,626
331.087
1,155,297
!
..
121.662
_
S2.410
_
,
S354, ()()(>;
398
,
5.264
j
32,000,
1,387,336
j
S34.410
$51,500
4,000
-
104,804
50,290
647,706
117,146
43,091
'
Total 1907
Total 1906
Total 1905
|
25.9
147,0
206.7
328 J)
468.4
372.9
164.7
58.3
14.9
570.0
89.2
18.0
108,4
S
799.7
1.378.2
1,488,5
4,962.0
6,496.0
5,110,8
1,060,3
7.065.3
5.601,3
4,352,1
3.112,0
3.434.2
4.754,9
4,297.0
2.081.7
2.830.0
2.036.9
8,312.3
3,848.8
4.355.0
1,387,9
607,1
158.1
21 4.5
90.1
92,0
378.0
745,2
1.407.0
1 ,059.0
694.0
56,4
34.5
202,3
3.281,8
2.905.8
2.212.5
4.975.5
13.152.1
5.801.0
3,694,0
1 .868,2
2.512.2'
1.611.1.
120,9
65.0
20,2
38.5
233.7
5.749.8
5,570,1
5.952,7
6.661.4
6,693.2
7.460,7
13.584.8
1 1.228,0
10.910,3
71 ,8
106,9
$
33.4
58.0
9.0
.s:
6 10847,0 14731,3 123393.3
i
Germany
Other
Net
Banks. Deposits.
itec.
|
622,3
240.0
571.0
86!
96,2
320,9
|
125,0.
Since Jan. lj
Great Britain
West Indies
Mexico
South America
All other countries
Deposit with
180,1
95,7
57,9
'Jot. Mch. 30 10737,0 14632,8 122584,8
Tot. Mch. 23 J 1737.0 15659,7 133243.2
Week.
-
SI .741,330 SI .557,969
3,817,421
1.237,932
31,690,270'
71,715
S4,547,956
3,323,589
4,030.214
Silver.
300,0’
252,01
220.01
1904.
24.4
Great Britain
51.0
12,9
127.0
463.3
Jersey City.
First Nat'i
Hud. Co. Nat.
Third Nat
Hoboken.
First Nat’i
Second Nat.
'
1,176.7;
4,369,9
6,166.0
3,364.6.
3.782.9
3,840.0
1,924,3.
2,474.0
1.724.7!
9.053.1
3,316.6.
4.656.0
1.342,7
740,4
Borough a]
...
$1,960,596
9,320,643
The following is a statement of the
exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 6 and from Jan. 1 to date:
1
N. Y. City.
Boroughs o/
Century
1904.
S3,518,250
12.047.066
January 1.
Total 14 weeks
1905.
S3,712.580
14,161,340
•_
Dry Goods
General Merchandise
daily results.
average
Legal
1
Loans.
| plus.
s
100,0'
200.0'
1,994.438.6
50,398,8 2.006,935.3
January:
25.7
19.6
26.6
21.6
26.0
20.4
25.2
27.1
24.5
26.9
26.5
26.2
25.9
21.5
24.6
25.9
We omit two ciphers (00) in all cases.
Man.&Br'x.
Wash. H'g’ts
%
FOREIGN IMPORTS AT NEW YORK.
the non-member banks for the
ending April 6 1907, based
tnl.
2,158,480,4
2,514,930,1
2.095,084,2
deposits included, S30.389.700.
statement of condition
Co pi- \
%
52,281,3
51,562,3
50,920,3
50,820,0
208,627,0
202.722,0
201,774,0
209.372,0
Exports.
Banks.
Clearings.
Imports and Exports for the Week.—The following are
April 6; also
Reports of Non-Member Banks.—The following is tho
wTeek
Circulotion.
a
the imports at New York for the week
ending
totals since the beginning of the first week in
6,333,9
3,551,0
51.720,0 25.1
10,763,6
4,138.5
6.209.5
13,351.7
8.047.2
3.153,1
9,569,8
4,550,0
19.505,0
4,547.0
10,466,0
7.141,9
5.362,6
15,514,0
Specie.
a
Including for Boston and Philadelphia the Item "due to other banks" and also
Government deposits.
For Boston these Government deposits amounted on
April 6 to $3,783,000; on March 30 to $3,474,000.
64,854,0 33.0
193,7
956.6
633,8
945,0
696.2
1.938.9
341,1
177,7
1,502,8
554,0
1,887.0
338,0
678,6
434,5
437,6
12S.100.o| 159.990,511062,688.8,206.95S.0 71,601.5
Total of United States
19.422.0 27.1
25.7
31.9
34.2
27.9
6,242.9 24.6
5,782,0 26.1
2,221,3 26.8
18,609,0 24.2
6.184,1 20.3
19,414 4 23 5
112,113,1 25.8
14,723,1 15.9
3,543,2 20.0
5,643,0 26.2
2,433,1 27.1
15,199.7 23.9
c
$
-
23,150,2
8,856,0
141,177,4
25,369,0
107,0
Loans.
282,402,3
282,402,3
281,286,7
283,157,9
6.. 288,090,5
_
$
%
14,661,0 25.6
23,821.0 28.9
15,098,0 26.5
6,986.2
1,815,1
86.8
5S4.0
72,8
1,113,0
York
9-16..
23..
30-_
Boston.
Mch, 16-.
Mch, 23..
Mch. 30.
Apr, 6-ptiHa.
Mch. 16.
Mch. 23-Mch. 30..
Apr. 6..
s'roe
Bank of N. Y_.
Manhattan Co.
Totals
Legals. Deposits,
and
Surplus.
New
Mch.
Mch.
Mch.
Mch.
Surplus.
Capital
Banks.
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of
days.
Capital.
City, Boston and Philadelphia Banks.—Below
We omit two ciphers (00) in all these figures.
except capital and surplus the figures are the averages of the
daily results, not the totals at the end of the -week. In
other words, in reporting loans and
deposits and holdings of
Banks
00* omitted.
LXXXIV
summary of the weekly returns of the Clearing-House
banks of New York City, Boston and
Philadelphia. The New
York figures do not include results for non-member banks:
to all items
as
a
[VOL.
1 ,997.3
313.4
497.2
72.1
160.6
.
67,0
240.1
585,0
131 ,9
34 .0
86,9
77.0
<
S10.534.179|
540.000
iermany
!
South America
Ail other countries
_
600
.
...
.
_
SI,022
___
1,000'
38,058
525
Mexico
21,152
GOO
1.786:
_
58
35,599
252,005
327,560
4.394
$1,250
8,088
120
....
Total 1907
Total 1900
Total 1905
$603,515 SI 1.115.623
864.175! 15.750,013
362.507
9.711.708
$40,010
32.426
215,553
$620,638
664,718
869,856
Of the above imports for the week in
1907,
were
American gold coin and $1 ,M70 American silver coin.
Of the
exports during the same time $22,410 were American gold
coin and $1,125 were American silver coin.
DiinUing uutl Financial.
W« Blnill
circular
•
ruat
bo
pleased to mall inves’ors cop es of
describing 57
Nl»ort-Term
Note*
avid
our
10-page
Collateral
Hoiiom.
Spencer Trask & Co.
Branch Office,
5,961 .7
2,390.5
2.097.4
Albany, N.Y.
William mid Pine
Moffat
2.218.9
1 .61 1 .6
4,480.5 131552.0
4.270.8 127698.6
5.012.0 144154.6
S0G2.390
France
&
White
Mriiihnrn New York Slock
6
NASSAU STREET.
Ht*., New York.
Kxchnng**.
HANOVER HaNK
BUILDING
IleialerH In IiivcmIinomi Mecurlilcu.
COMMISSION OKDKRb KXKI DTM)
POIt ('ASH ON1.V
Ape. 13
1907.J
THE CHRONICLE.
Ikmkers’ (ffejette.
For Dividends
see
about
851
$3/000,000,
amount.
par
value,
day to less than half that
per
Prices have been irregular.
Chicago Terminal Transfer 4s are exceptional in showing
advance of about 4 points; a few other issues are frac¬
tionally higher. On the other hand, about an equal
number are about a point lower.
page 849.
an
Wall
Street, Friday Night, April 12 1907.
Money Market and Financial Situation.—There has
The
been a considerable reduction in the volume of business at
the Stock Exchange in both the bond and shares departments,
and the advance in prices noted last week has not been
maintained.
Commission houses report a dearth of orders,
United States Bonds.—No sales of Government bonds
have been reported at the Board this week.
The following
are the daily closing quotations; for
yearly range see third
page
showing that the lower prices now prevailing do not attract
the public, and that a large portion of the business reported
from day to day is carried on by traders on the floor of the
Exchange for their personal account.
The money market shows the effect of increased Govern¬
ment deposits and larger bank reserves.
The financial
situation abroad has also improved to such an extent that
the Bank of England has reduced its minimum discount rate
from 5 to 4^2%It is an interesting and significant fact
that all the principal money markets of Europe show a de¬
*
NEW YORK CITY CLEARING-HOUSE BANKS.
DiJJerences
1905.
April 8.
S
$
S
$
115.972.700
137,656,510
1,090.759.600
44.120.400
1,128,100,700
208.035.200
128,100,000'
116.472.700
159.990,500:
145.655.100
Loans and discounts..
1.062,688,800! Inc.
6,143.600 1.032,709,400
Circulation..
50.398.800 Dec.
421.200
51.717,400
Net deposits
al ,036,713,100! Inc. 16.S95.800 1.003.441,300
Specie
206,958.000 Inc. 11.298,300
171,758,000
Legal tenders
71,661,500: Dec.
764.400
76.541.700
Capital
Surplus
Reserve held
278,619,500 Inc.
259,l7S,275 Inc.
25% of deposits
|-
Surplus reserve
248.299.700
250.860.325
282,025.175
6.309,950
df.2,560,625
8.682.525
19,441.225 Inc.
range
AmerTeleg & C:vble
Bethlehem Steel Corp
Preferred
Chicago Burl & Qulncy.
Comstoek Tunnel
Crown Point Mining
Des Moines <fc Ft Dodge.
Detroit South tr rects
Federal Sugar
Preferred
General Chemical
Preferred
Gt Northern subscription
certfs, 40% paid..
Horn Silver Mining..
.
Ingersoll-Rand. pref
Iron Silver Mining.
New York Dock, pref
X Y A- N J Telephone...
Ontario Silver Mining
Peoria & Eastern
stock trust certfs
Savage Mining...
Sears. Roebuck & Co. pf
Standard Mining
United Cigar Mfrs, pref.
Vulcan Detinning. prof..
Western Maryland
Sterling Actual—
High
..4 8250
(ft 4 8260
4 8180
Low
..4 8175
(ft
Paris Bankers’ Francs
High
5 21*
Low
5 23*
a
1 4 8570
(ft 4 S575
(ft 4 8545
1 4 S630
j 4 8590
15 10* rf
15 20*
(ft 5 19*
(ft 5 20d
1
1-10 of 1%.
k 1-16 of 1%.
I
j 40 19
| 40
I
|
d 1-32 of 1%.
of 1%.
x 1-32
(ft 40 21
-
(ft 40 1-16
(ft 4 8640
(ft 4 8595
*101*
*101*
*130*
*130*
*104*
Range Jen week.
Range since Jan.
1.
Jot
Lowest.
300 $5Vi Apr
25 SO
Apr
300f 12* Apr
200. 49
Apr
200 210
Apr
4.500 36c. Apr
200 32c. Apr
100 12
Apr
150
320
GiX)
100
260'
3
Apr
52*Apr
84
Apr
70*Apr
99 * Apr
2.301 126* Apr
660SI .60Apr
100 93
Apr
400 $3* Apr
100 70
Apr
35 112
Apr
200
5* Apr
100 26
Apr
-
220
2(H)
20
86
Apr
97c. Apr
92
Apr
400
$2.45Apr
300 89* Apr
100 x53
100 15
Apr
Apr
Lowest.
Highest*
12 $5* Apr
9' 80
Apr
101 12* Apr
49
6
Apr
£218
Apr
10 40c. Apr
12 32c. Apr
8 12
Apr
11,
3* Apr
6; 54
Apr
6 90
Apr
9 70*Apr
10100
Apr
101 $4
9
10
75
6
45
10*
10 200
6i 23c.
12! 32c.
Si 12
li:
3
42
12
id 76
9: 70
9 97*
12 130* Apr
9 126*
12 $l*Apr
6 $1.60
6 93
6> 92
Apr
12 53.70 Apr 11
$3*
11 70
9 112
10
6
9
12
6
9
Apr
Apr
6* Apr
26
Apr
70
11
9 108
6
4*
6
IS
88
Apr
99c. Apr
92
Apr
9
12
$2* Apr
6. 90
Apr
10x53
Apr
9 15
Apr
Highest.
Mch $7*
Mch 88
Mch 20*
Mch 65
Feb 218
Mchi 50c.
Apr' 32c.
Apr* IS
Apr: 3*
Feb; 60
Feb
90
9;i
Apr
Jan
Apr
Jan
Apr
Feb
Apr
Mchj 75*
Jan
Mch 102*
Feb
Apr 130*
Apr; $i*
Mch, 94*
Apr
Aprj $4*
Apr
70
Mch 115
Jan;
8*
Mch 30
■
!
86
97c
6
92
12' $2.40
6 87
10- 50
15
Jan
Feb
Jan
Jan
Apri SS
Apr 99c.
Mch: 94*
Mch
$3.70
Mch!
94*
Feb
57
Apr 30*
Jan
Jan
Jan
Ape
Jan
Feb
Jan
Apr
Apr
Feb
Jan
Jan
Feb
Jan
315.
Manhattan Transit was active and higher, moving
up
from 4 to 5;t§ and down finally to 4}4.
New York & Cuba
Mail SS. sold up from 26to 28 but reacted to
|
h 3-32 of 1%.
3-32 of 1%.
y
The following were the rates for domestic exchange on
New York at the undermentioned cities to-dav: Savannah
$1,000 discount; selling 75c. per $1,0*00 premium.
81 per Si ,000 premium. New Orleans
70c. per 81,000 discount; commercial SI per $1,000 discount.
Chicago 20c. per 81,000 discount. St. Louis 10c. per 81,000
premium. San Francisco, par.
50c. per
Charleston selling
State and Railroad Bonds.—Sales of State bonds at the
Board include $34,000 Virginia 6s deferred trust receipts at
20 po to 22 and $2,400 North Carolina 4s at 100
The increased demand for railway and industrial bonds
noted last week has not continued.
On the other hand, the
‘
27Royal
Baking Powder preferred lost 1 fo points to 103V^ but re¬
covered to 104
Waterbary Company common was weak,
sinking from 49to 46U. The close*to-day was at 45><j.
Western lee was lower, dropping from 27 ^ to 26LJ and
closing to-day at the low figure. Chicago Subway from 20^
fell to 19*4, advanced to 21 and ends the week at
19?s.
Copper shares were dull and heavy, owing to the decline in
the price of the metal.
United Copper common displayed
firmness, advancing from 62to 04, but closes at 62Ag.
Greene Cananea rose a point to 175s, dropped to 157$ and
rallied to 16.
Greene Consolidated Copper advanced from
2534 to 26, then sold down to 24. Balakiala lost most of
the recent advance, dropping from ll^s to UH$ and
to-day
.
transactions have steadily diminished from an average of
*102*
*103*
*102 *
extremely
j
1 94 13-1GJ (ft 94 13-16
(ft 94*
I 94*
*104
*104
dull, though prices have fluctuated more or less.
From last
Friday’s close Standard Oil advanced almost 50 points,
running up from 515 to 564. Subsequently it receded to 546.
American Tobacco rose 5 points to 327 but dropped back to
Cables—
|4 8540
*104
*103* *104
*103* *103*i*104
ment
—
(ft 5 21*
(ft 5 23 *
OiTmany Bankers' Marks—
(ft 94 5-16
High
94 3-16
Low
(ft 93*
93*
Amsterdam Bankers’ Guilders—
High
Low
Less:
Plus:
-Short
12
Outside Market.—Aside from the sharp upward move¬
in Standard Oil,stock, the ‘‘curb” market has been
without feature this week.
Trading has been
week’s
25f. 27c. high and 25f. 24c. low
for exchange rates follows:
—
April
11
the pages which follow:
on
RR Securities—Ills Cent
The week’s range
-Long
Sales
i
Alice Mining-
19®40 21 for short.
London to-day 25f. 24c.;
detailed list
Week.
actual rates for Paris bankers’ francs were 5 21
®5 21
for long and 5 19^<i®5 19?s for short.
Germany bankers’
marks were 94 3-16® 94 5-16 for long and 94 13-16</@
94 13-16 for short.
Amsterdam bankers’ guilders were
on
our
STOCKS.
Week ending April 12.
290.707.700
Foreign Exchange.—Though irregular, the market was
generally strong this week, with long influenced by lower
London discounts, and short and cables by a demand for
remittance and moderate offerings of bills.
To-day’s (Friday’s) nominal rates for sterling exchange
4 83® 4 S31 o for sixty-day and 4 SO to for sight.
wese
To-day’s (Friday’s) actual rates for sterling exchange were
4 8250®4 8200 for long, 4 8550®4 8555 for short
and
4 86®4 8610 for cables.
Commercial on banks 4 82® 4 8210
and documents for payment 4 81 ^@4 S2LsCotton for
payment 4 81^@4 813-2? cotton for acceptance 1 82® 4 8210
and grain for payment 4 82®4 82 Fs.
To-day’s (Friday’s)
Exchange at Paris
April
This Is the price bid at the morning board; no rale was made.
represented in
tfa $30,389,700 United States deposits included, against $18,093,600 last week and
$11,730,800 the corresponding week of 1906.
With these United States deposits
eliminated, the surplus reserve would be $27,038,650 on April 6 and $17,654,675
on March 30.
Note.—Returns of separate banks appear on the preceding page.
40
*103*
*103*
*102*
*103*
1
10
lower.
Otherwise the industrials have followed a course
similar to that of the railway list.
For daily volume of business see page 859.
The following sales have occurred this week of shares not
82.672.500
10,533,900
4,223,950
April
9
Among the exceptional features is Delaware & Hudson,
notably strong. It covered a range of over
9 points, closes near the highest and is the only railway issue
showing a net gain during the week. Union Pacific and
Reading have been leaders of the market, both in the matter
of activit3r and wide fluctuations.
Northern Pacific also
covered a range of over 6 points.
Smelting & Refining sold 10 points higher on Tuesday
than on Monday and closes nearlj’- 5 points higher than last
week.
Virginia Iron, Coal & Coke has also been a strong
feature, and the U. S. Steel issues are only fractionally
3,075,000 francs in silver.
1906.
*103*
*103*
*102*
*103*
*102*
April
8
which has been
centage of reserve to liabilities was 13.55, against 41.42
last week.
The discount rate was reduced from 5 to 4^%.
The Bank
of France shows an increase of 2,700,000 francs in gold and
April 7.
registered Q—Jan
coupon Q—Jan
registered Q—Feb
coupon Q—Feb
1908-1918.-small coupon Q—Feb
1907
registered Q—Jan
1907
..coupon Q—Jan
1925
registered Q—Feb
April
6
Railroad and Miscellaneous Stocks.—The stock market
has been relatively dull, the transactions averaging well
under 1,000,000 shares per day, and prices have receded
from the higher level at which they were quoted last week.
The market held generally steady until Tuesday, when the
recession set in, which continued through to-day and has
resulted in a loss of from 2 to 6 points for practically the
entire railway list.
2@2^%.
Prime commercial paper quoted at (3% for
endorsements and 6% for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £1.115,931, and the per¬
Jrom
previous week.
April
*102* *102*;*102*
*103* *103 * *103*
*102* *102* *102*;*102*
*101
*101
*101
*101
*101*
*101
*'.01
*101
*101
*101*
4s.
*130* *130* *130* *130* *130*
4s, 1925.
coupon Q—Feb *130* *130* *130* *130*1*130*
2s, 1936 Panama Canal regis Q—Nov *104* *104* *104*
*104*j*104*
3s.
4s.
4s.
tion, but of course, aside from the matter of acreage, they
are as yet of little importance.
The open market rates for call loans on the Stock Ex¬
change during the week on stock and bond collaterals have
ranged from 1^ to 2y>%- To-day’s rates on call were
April 6.
Interest
Periods
2s, 1930
2s. 1930
3s, 1908-1918
3s. 1908-1918
cided relief from the more or less strained conditions which
have existed for some time past immediately following the
easier co.ndition here.
Government crop reports are beginning to attract atten¬
1907.
following.
'
sank from 26
Lj to 25.
Outside quotations will be foutld
on page
859.
*
*
*
*
*
*
New York Stock
Exchange—Stock Record, Daily. Weekly and Yearly
OCCUPYING
TWO
8TOOE&— HIGHEST AND LOWEST SALE PRICES
Saturday
Monday
April 8
April 6
S7i*
Tuesday
April 9
W
ednesday
April 1U
Thursday
pril 11
A
PAGES
Range lor Year 1907
Sales 0:
On baHs of 100-share Loti
the
Week
Shares
Lowest
Highest
STOCKS
Irtday
April 12
NEW YORK STOCK
EXCHANGE
Range
lor Prevtoui
Year(1000)
Lowest
Highest
RaitroadH.
98
96 4 974
96
974
95V 96V
96V 96V
944 95 V
95 4 954
96 V 95 7
?96
96
96
954 96
96
Do * pref..
105 4 100 4
•104
106
103
1014106
1U4
104V
104V
Atlantio Coast Line BR..
1011* 102 V 100
101
100 41014
101s,
99
101*4
100
1°14
99V
1
>altimore<fc Ohio
92
*89
•89
92
*89
92
•89
92
*90
$92
92
* > Do
92
61
pref
H2V
09 V 6LH
69
03
59 4 00V Brooklyn
60V
4
60V
62
4
61V
‘90
128
Rapid Transit..
*90
123
*90
90
128
*90
128
128
*90
128
Buffalo Rochester & Pitts
*110
13V. *110
1394 *110
1391. *110
139 4 *110
139 4 *110
139 4
*
Do pref
MV +
84 V
84 V
84 V
84V Buffalo & Susque, pref...
178U 17 U **, i.73
4
4
1754 177 4 175 177 V 1744170V 1734175
62 4 08i*
63 V 63V
*63
04
63
*024
04
64
63
*02‘a
4
Canada Southern
■*188
195
190
195
195
195
195
190
195
190
*190
200
Central of New Jersey...
4 1 V 423(5
41
4 1 -ii 41V
413*
42
414 42V
42
42 V Chesapeake & Ohio
43V
*15
18
174 17 4 *16
18
*15
17
17
154 154 *15
Chicago & Alton RR
*
00
00
60
60
60
60
Do pref
14
14’*
13 V 14
13s*
144
13V
13V
14
13V
*13V
14
‘70
70 Hi *75
Chicago Great Western..
764 *75
*75
764 *75
70 4
*75
764
764
Do 4 p. c. debenture*.
*65
02
68V 01
GO3* 603*
60V 60V *68 4 60 4 *684 604
Do 5 p. c. pref. “A"
‘19
19 Hi
19
19
184 184
18 4
184 184
18 V
•184 19*2
Do
1303* 139*4 136 4 137 V 136*8
4p.c. pref. “B”..
134
1384
1354
137V
134V
136V
1S54 Chioago MUw. <fe St. Paul.
•152
152
152
*151
155
•160
152
*
4
15141514
15141614
Do pref.
120 Hi 122
121
1214 *12L
123
$120
121
119
1214 •119
120
Do com.ctf«. 1
138
138**
(Repaid
130
1374
137
137
138 4
136
1354137
136
137V
4
Do
151\ 153
pref.ctfs.10% paid
150
1524 1504 153 4 1604152
150V 152
1504151
*200
220
Chicago
&
North
Western
495
220
*200 .225
206
*200
205
*200
220
220
Do pref
•138
140
'133
140
*i33
133
140
138
140
135
140
135
Chic. St. P. Minn. & Om.
*160
180
'150
180
*160
150
180
*160
180
*150
180
180
Do
0
pref
6
0
*0
7
*5
7
6
6
6
6
18
15
Chicago TermT Transfer.
134 15
12
13
*10
10
15
11
$IL
11
6
Do pref
6
4V
5
•4 V
*4 V
44
4364
*4V
64
6
Chicago Union Traction.
L31.525
1,310
2,140
82 V Marl 4 1084 Jan 7
85 V Alnj 1104 Sep
92
Mar 2 6 101V Jan 12 z98
Dec 106
Jan
94
Mar26 1334Jan 6 131 VJ’ly 167 V Jai*
29.260 9U4 Mar25 122 Jan 5 105V Ma\ 125V 8 op
5 87
Alar2 5
94 4 Jan lo
91
Oct
994 Jan
70,780 454 Marl
S3V Jan 7 71 J’ly 94 v Jan
95
Marl 4 115
Jan 26 12 4
Nov 153 s? sep
135
Jan A 135
Jau 4 l.i 9 Hi Nov 150
Deo
83
Feb If
83
Jan
85V
Feb
8
87
Feb
1*7*0
33,300 155 Mar2l: 1954Jau 4 155 V Alaj 1014 Deo
SbO 60
Marl I
65
Jan 14
05 V J’nc*
70 V Jan
GOU 165
Mar .5 2194.Jan 7 204
Alay 239 V May
19,900 36V Mari’.' 56 Jau 5 51 4 N ov 65 V Al,g
200
27 4-» a 11 6
i4V Alar "
35 V °ct
25V sep
59
Mar 19 09
Jan 6
70
Dec
77V Oc*
2*6*50 124 Mar26 18 Jan 7 16 J’nc 23
V Jan
79
Feb
76V Alar 18
25
79 4
86 4 J an
*61)0 58V Apr 8 71V Feb 1A 70 Sep
Dec
80
Jan
877 17
Alar25 264Jan 5
24 V Nov
39V Jan
100,100 122 4 Mar2 157 4 Jan 14 tl PiV Dec 199 V ,Jeo
328 145
Mar 25 1654Jau 5 ItlGu Dec 218
Aug
1,039 112 Mar 2 6 141 Jan 14
3,427 129
MarJO 149
Jail i 5
15,036 137 4 Marl.- 205 Jan 101
Api 240 Jan
100 200
Jau 10 225
34
Apr 4
Alar
Aug 270
150 120
J an
Alar25 170
S 168
J’ne 198
Jan
Jan lb 165
160
Jan 19 176
Nov 202
Jan
**500
5
Mar 2 b
9 ’4 Apr
9V Feb21
IS V Jan
9
1,200
Marj7 25
Jan 11
25
Dec
42V Jan
70b
Alarl4
4
3 V Alay
103* 17*4
64 Apr
13 V Feb
104 174
10
16V
15V 16V *154 164
154 1§4
Do pref
74
1,300
744
114Mari4
19*54-Jau
47
4 Mai
73 4 744
llVJ’iy
72
72
78
734
73
72V 72V *71
Cleve. Cin. Chic. & St. L.
*100
2,800 63
Mar2b 92V Jan
109
89
Dec
109
*100
V Jan
109
*103
*106
110
*106
•106
109
109
109
Do pref
106
Feb21 108 4 Jan
27 4 28
110
118
Jan
J'ly
27*8 28
27
274 284
26
28
274
264 274 Colorado A Sonthern
8*8*40 22 4 Mar25 38 V Jan
*60 4 01H2
29 4 Jan
4 L
Oct
00 4 00 4
60
694 01
60
604 604 *694 61
660 08V Alar26 69 4 J an
Do
let preferred
48 Hi 48 *«
664 Apr 73 V Feb
48°8 487f
48 4 48 4
4«V 487g
48V 48V
48V 48V
Do
2 5 58 4 Jan
2d
1.OO0
44
Mar
185
lea
43
preferred
Deo
Alay 69
184
185
185
187
1874 193 4 190 1914 190 192
473
6,700 167 Mar-6 227 4 Jan
473
189
Alay ‘231V Nor
*473
475
*450
*460
476
476
•465
476
100 445
elaw. Lack. <fc West’n.
81
3 IV
Mar26 510
Jan
24
560
437V
May
Alay
31
314 31V
31
3o
30
314
30 V Denver* Rio
31se
3jlV
‘73
6,230 28 4 Marl4 42VJan 7
7/
Grande....
36 V Mk)
•73
77
51V Jan
*74
77
*74 4 78
78
$78
*754 78
26 09V Mar2o S3
Do pref
‘76
80
Ool
V Jau 10 83
914 Jan
*764 80
*72
7i
*75V 80
77
V 76
220 654 Marl5 80 4 Jau 16
Detroit
11
nlted
79
*18®* 10
V Dec 102 Feb
*12 4 ’ 16 4
*13 4 16
13
*134 16
*134 144
13
300
Duluth So. Snore * Atl..
25
26 Hi
16
9V Alar 14
19 ^71 an 6
•23
J’ly 22 V Jan
26 4
23 4 234
23
23
22
22
*214 26
600 20
Marl 1
25 4 25"e
Do pref
32
39
Jan
Jan
Apr 45
243* 254
24 4 204
23 V 25V
23 7* 254
24
24 V li'ne
69
77,310
21V
Alai27
38
591*
444
60 V Jan
Jan
V
Alay
684 694
65
65
644
59
54
4
664
664
654
Lt
Do
19,361
41
1st pref
64
41
74 V Dec
Apr 12 75 V Jau
83
J an
404 41
38 4 404
38 4 40
38 4 38V
38
89
Do 2d pref
*66
70
4,500 34V Aiar25 67 Jan
62 4 Apr
76 V Jan
*66
70
•05
70
*65
*65
‘65
70
75
70
*88
Evanav.
93
*
Terre
Haute..
63
Dec
76
Jan
•88
92
*88
*38
93
*88
‘88
95
93
93
Do pret
96
80
1874 139
—
Apr 4 92 Api
130
J’ly 94 Aug
1334 137
140
1364138V 130 1384 13541364 Great Northern, prof
61
128
Alar26
60,110
cl78
01H.
Dec
348
Feb
189V
Jau
61
62
014 624
61
60 V 614
614 62
62
Temp ctfs for ore prop. 12,480 60 Mar26 85 Jan
70V Dec 85 Dec
Green Bay* W.,deb. otl.A
81 4 N ov
92 4 Jan
114
Do
Mar 9
3 7 Hi
8
deb. ctL R
14 4 Jan 17
11V Oct 23 4 Jan
43
43
374
37
37
33
73
Alar29
33
4
47
Jau
3
V J an
63
73
Aug
73
73
73
73
Do pref
*81
72
84
Apr 1 BGvJan 4 77V Jan 97 V May
•81
85
81
81
‘77
*77
84
*77
85
85
300 76V Alar28 114
Hocking
87*4 •30
Valley
tr
recta.
Aiar
6
90
*80
•80
*eO
874
85
85
85
•14ii *a 148 H
83 4 Mar25 94
92 4 Not 99 V J’n
Hocking Valley, pret
Jau 5
149
149
1494 1494 •146** 1484 145
148
1484 * 145
400 134
27
Mar26 172
27 V
Jan 3 164
20
May 1844 J’n
25 4 26 V
2GV
264 2/4
25 4 257.
26
264
n
62
22
4,438
Mar26
33
02Hi
4
39
Jau23
terboro-Metropolitan.
V J'ne 66 V Ma
02
02
00 4 614
004 014
59V 60 4
69V 59V
Do pref
*•19
52
3,670
Mar25
19 4
70
V J’ly 87 V Ma
754 Jan 7
19
18
194
*19
184 19
184
194 •18 4 19 V Iowa Central
88
1,000 18 Marl 4 28 V Jan 4 24 J’ly 34V Jai
38 4
3 /3* 37*4
*37
•37
*36
38
38
38
*35
38
900 30 4 Mar25 61
Do pref
77
78 4 *78
48
Jan
7
80 4
J’ly 63 V Jaz
79
*79
79
80
*78
*78
80
80
687 74
25 Hi 26 V
Alar 20
77
80
Janlo
Oct
84 4 Fel
26
26
20V
264 27
25 V 264
24 V 26V
26 V
anaas City Southern..
Alar 14
6 94 60
18
3,960
22 VJ’ly
30V Jau 5
60 4 01
00 4
37V Jai
59 4 60 4
604 60V
61*8
694 60
Do pief
46
24
Mar25
16,220
24
49
61V Jail 8
*22
20
J’ly 71 Jai
*24
27
24
*22
24
*20
26
26
200
*6i>
Alarl8
7u
27
194
28
4
4 Jau12
65
06
J’ly 4478 Jar
65
*60
65
06
70
*65
66
70
300 65
Do pref
*64
00
76
Apr 2 05
Apr 5
64
61
Sep i 9 2 4 J ai
$504 604 *604 56
*63
*62
60
60
113 62
Lone Island
120 4 1211*
Alarl 3 67 4 Jail 9
L V uct
6
81V Jai
1194 120 4 U84 120 4 ll8
117 4 ll77s
117V
1194
1184
133
Louisville*
108
Alar26
6,760
189
Nashville...
145 VJau ^ 136 V May I664 Jai
13 7
133
*137
5188
1*0
138
1894 $1364 140
1384
•94
129
Mar26
1,366
luo
140
14*3
Feb 13
Jai
94
Sep 162
100
*94
*94
100
*94
*94
100
100
104
Ala: 28 107
90
224 22 Hi
etropolitan Street....
Jau 23 lo3
22 4 224
J’ly 127 Jai
22 V 23 V
22 V 23V
28
234
22V 22V Mexioan Central
15
Alar14
494 4;/ Hi
18
V
2/VJau 5
48
May 294 De<
494
494 49 4
494 494
48
49
49‘4 49 4
•&U
1,000 48
85
Minneapolis * St. Louis.
Api 11 59 J au15 58 4 Dec 84J ai
bz
8a
•82
*b2
85
•82
85
86
*82
b5
Do pref
109 4 110
86
Mar26 90
90
24
Jau
108
Apr 100 V Jai
5103
10734 108% 103 4 1084 *100
*lo4
109
1084 Minn. S. P. A S. S. Mane.
820 97
138 4 133
Alar26 L404Jau 3 134
Dec 164
139
Ma
140
139
133
139
139 4 137
139
137V
Do
87
1,400
123
Alarl4
io3
pref
37V
168
J an 3
4 Apr L83V Jai
304 37
36*4, 37V
36V 374
3o4 374
364 36V Mo. Kansas * Texas
Mar 20
00
24,700
00 i4
29
304
44
V Mar 1
00
Aluy 43 V No
064
06
06
66 4
05V 66
66
664
664
Alar 2 6
77
Do
2,300 59
77 V
64 V Apr
76
72V Jan 4
7 0 4 77 4
No
70 4 77
76
70 V
74 4 76 4 Missouripref
74V 764
04
*126
Mar U
Pacific
8,550
92
8.>4
V
Jau
5
*126
May 106V Jai
130
* 133
*123
127
•123
$127
130
130
130
30 119
Alar22 147
133
Jau
S
52
May
*52
1494
Jai
*i>3
64
66 4
*52 V 664
60 4
64
at-of Mex, non-ctun.pf
100 48V Mar23
36
*
69V Jan 9
Apr 69 V De<
*204
214 21
•2lV 23
21V 23V *214 23V
200
Do 2d prel
20V Aiar2t 27
1204 1214 Il9'4 1204 1194 120 4
Feb 14
18 V J’ne 30
Do<
118V
1194
118
4
li&V
V 119 4 N. Y. Central & Hndson.. 21.070
120V
f *40
Alarl4
41
126
1114
Nov 156 V Jai
134V Jan 10
42 4 43 4
424 45
414 444 *0.2
42
45
424 N. Y. Chic. * St. Louis...
3.900
•*105
35
Alai 23
120
>9
4
Alai
73
634Jau
7
*1o.»
120
*1 iO
4 Api
*lo5
•lUa
120
120.
120
•105
120
Do
•75
1st prof
109
Alar25 110
35
Jan 16 111
79
Apr 120 V Jai
734 *76
75
82
•75
85
76
85
85
Do 2d pref
*20u
70
AIar2G 91V Jan. 7
*•173
179
80
92
De<
*17 3
179
Alay
*174
*173
173
•173
179
•174
178
176
N. Y. N. Haven * Hartf.
39
89 4
1734 Alar27 139 Jau 9 lot) 4 Dec 204V Jai
38 H
39 V
3 b 4 39
334 89 4
384 39
3*4 384 N. Y. Ontario & Western.
3*400
34
Alar25
794 804
48VJan 6
43V May 57 ‘4 Jai
73 4 8o
7 7 4 78 V
77
784 79
$79V 79V
774 Norfolk * Western
M ar 14
*80
5.475 7 1
85
81
Feb
97 V Oct
924 Jan 6
*.^0
h5
*75
80
Sj
*75
*77
85
85
85
Do ,adjustment pref.
Alar 14
13 7
80
138 4
89 4 Apr
po
4
Jan
10
96
Jai
1344 13uV 136 13S4*1334 13a 4 132 4 135V 1314133V
Northern Pacific
120 4 i2t
7 9*. 2*80 1144 AlarJO 1894Jan i 179 V
119
120
May 232 4 Fel
111*4 120 4-Cl 19 4 12oV 118 4 120 4 118
119
Do subscrlp. recta...
99
110
Mar
26
99
7,7 85
L*‘ebl3
134
23
11.' 8 Hi
994
99 4 99 V
•98
99 4
994 99 4
99 4
500
Al ai x 5
*90
90
103
*90
124VJan 7 103 Jan 142 J’n©
103
*90
*90
105
*90
103
*90
103
*
103
Do
1st pref
1U 5
104
105
J o n 100
104 4 1044 *1(10
Jan
*9~i
105
•98
*984 105
104
104
Do
2d pref
iOO
127
95
Alar2C 125
l2.*'ag 126 V 12b V 1204
Alar 8 105 4 Jan 135
126 **j 1274
125 4 126 > 125
Alay
1274
A
264
*71
Atari .4 14 1VJan 8 122 4
114
220,81o
V 2 4
Pennsylvania
*71
72 4
*a
J’ly 1474 Jan
72 4 -71
70
704 70 4
70
724
Pittab. Cin. Chic. A St. L.
270 67
*94
98
Alar2c
76
“3
Jan
22
*94
87
98
*94
Alay
Jan
•94
98
95
98
95
*94
98
Do pref..
100
93 4 Marls to5 4Jan 6 100
,1114 113 4 It; 9 s# 112*4 1104 113
May 109
107 4 110\ 10041084
112
Aug
4 109
•80
818,750 9 i Alar 14 139 V Jau 7 112
88
lieading
Al ay zl64 Jan
80
80
88
80
b6
844 87 ^ IV let prel
200
•85
84
AlarJi,
83
89
92
Jan
7
96
85
85
Sep
Jan
80
80
86
844 844
2d pref
200
25
Alar 1o 94
83
2o V
90
...........
Jau 8
22 4 23*4
Jan
22 4 23
Apr 102
22
2l 4 22
224
21V 22 4
Rock Island Company....
49 4 5U4
Mar26 3oVJan 6
18,910
22 4 J ’iy
17V
6u 4 51
82
V Nov
514 514
*5o
614 514
614 51 4
62
Do pref
*02
*
0 i
1,200 40V Alar26 64 4 J an o
60
*
02
69
07
02
J’*r
V
07
*02
‘62
07
6/
Aug
*62
67
St. 1m AS. Ft., 1st pref
*8s
69
39
Mans 70
60
Jau 11
38
Feb
38
37 4 38
72V Apr
38
‘37 4 384
38
*30
87
Do 2d pref
22
1 *0*0*0 29
25 4
Alai-6
40 4 J'ly
22
4sV
J
an 6
23V
Feb
61V
21V 25 V
21V 21V
21* 22 4
22
4 St. Louis Southwestern..
21V
3,300 18 Alar 19 254Jan 7
•083* 65
‘5-i
204 May 27 V Jan
66 4
56
50 V
63
*644 56
66
53V *63
Do pref
84 “*
600 454 Alar26 024 Feb 15
80
81
85 V
4834
May 63V Sep
83 4 96V
84'* 804
83 4 844 Southern
85V 85 V
Pacific Co...... 233.590 69V Mar 1*1
61
116V 115 V 1104 H04 ‘110 117
96'a Jan 14
May 97 v Sep
116
116
I1O4 1164
Do pref
600 112
Mar 2 6 118 V Jail 14 116
22 4 25 4
120 4 J’n©
22
22 4
J’ly
21
204 22 4
214 21V
20 4 214 Southern v.tr. cfs.
21V
Mar
25
31.926
714 7 14
19V
34
Jan
stooped
70 4 71
V Nov 42 V Jan
07 4 70 4
66
65 4 06
69
014 66
Do
29 4 294
10,837
preL
do
644
Apr
12
94
93
4 Jan
29
4 Dec 103
23 4
29 4 294
Jan
28 4 29V
2b4 28V *28 v 29 4
*108
115
6,600 24 V Al ai 25 37 V Jan
28
*110
120
‘110
120
Aiay 40 V Oct
‘110
*110
120
120
•106
116
bird Avenue (N. Y.)...
Alar 14 123
.101
*26 4 203*
Jan
121
Nov
204 26*4 *26
27
X1394 Jan
204 20 4
264 264 •25
264 Toledo
4*10 24 Mar 2 8 29 Jan
29
30
Railways A Light
26 V Dec
29 4 29 4
30
Jan
30
29*4 304
30
29
80
29 4 29 4 ToL St. L. A W. v. tr. ctfs
62 4 63 4
23V Alar26 33V Jan
1,400
63 4 634
26V
404 Jan
63 4 63 V
J’ly
53
53 4 64
634
63 V 64 V
V
Do preL rot tr. otto.
Alar K
3,940 45
54 V Apr 12
43
J’ly 69 V Jau
96
90
106 V 106V
Atch. TopekatfcSanta Fe
'
(Canadian Pacific
,
'
*
!l92
■
....
....
Delaware <fe Hudson,...
Havana Electrio
Illinois Central
KC.Ft.8.&M.,tr. cts. pfd
Lake Erie <fc Western...
..
Manhattan Elevated...
6*,8*5*0
Nash. Chatt.* St. Louis
*
•
....
Pacific Coast Co
Texas A Pacific
BANKS
Hank*
mew
Rid
215
America^
...
Amer Lxcb..
Astor
5u 0
235
750
Park 120
Battery
Bowery*^
....
32b
Butch’s & Dr 155
Ocutury *
-Chase
Chatham
Chelsea Far'
f
linnki
! Rid
Chemical....
375
Citizens’ Ctrl 135
TOKK
Aetna
•
Ask
275
525
245
130
330
165
190
£/-'90
320
200
I 1255
City
Coal A Iron.
Colonial*)
Columbia*)
...
23 )
70b
AND TRUST
A sk
400
145
12 6 3
250
Rid
Fifth
First
14thStreeL*,j.
•
600
25
Commerce... 1 170 11724
Consolidated 1156
C’rn Exchli
2 ob
303**
160
Discount*!... 150
East River.. 160
! 60
195
205
Fidelity*,!
Fifth Avetj.. 3900 4200
..
Hanks
COMPANTIES—BROKERS’ QUOTATIONS
Fourth
(iailatm
Garlield
340
626
226
190
35b
500
German Am*,! 145
German Er*i 435
Germania'|
Green wiclr
Hamilton*;!
..
050
300
200
370
525
155
Hank*
Bid
Interboroll..
IrvingN.Kx.
JetTernon'ij...
Liberty
Lincoln
Manhattan^.
Market <fcFuI
Mechanics’
.
r.bb
V 285
--
Ask
M eoh &
295
250
Hanover
1500
imp re Trad. 550
505
TTaU
Mercantile..
Merck iixoh.
Merchants’..
Metropolis *J.
160
Bnlaiui ai-.Keil prices; no sales wore made on Lins
day.
I jess tn.ui 100 shares, t Ex-rights,
bale at Stock Exchange or at auction this week,
c Ex beneficial interest in ore
properties.
Ask
160
1774 185
200
315
500
610
1100
300
S10
250
265
230
240
167 4 175
226
240
170
190
167 4 165
390
Hanks
Metropoli’n^i
Mt
Morris',!..
Mutual*,!
Rid
165
240
195
Nassaull
New Amster 200
New York Co 1200
New York... 1300 ‘e
Night <fc Day 4*90
19th VVardTj. 350
North Amer. 265
Northern.... 172
Oriental t
265
!) stale banks,
....
a
Ask
Hank*
1724 Pacific^
Rid
..
Park
305
200
People's!j.
210
Phizali....
410
Seaboard....
Phenix
Prod
2*76*
182
275
...
Kxch!i.
Riverside*,]
..
Second
state!!
34til Street..
12th
23d
Ward!!.
Ward!)..
230
440
300
160
670
105
250
350
700
350
220
400
IPO
Ask
260
465
165
176
‘280
370
Ex-divi(lend and rights.
PNow «to«k.
n Sold at private sale at this orto©.
h 1st inst-aim’t paid,
ape. 13
New York Stock
1907.]
Record—Concluded—Page 2
STOCKS—HIOHKST AND LOWEST SALE PRICES
Saturday
Mondau
Tuesday
April 6
April 8
April 9
97
974
1414 143 4
864 86 4
§97 4 974
1394 142
88
884
39
42
63
64
144
2G7b
12 4
15
144
27
134
28
16
29 4
17 4
26
13 4
29 4
17 4
1934
194
42
*280
800
44
*964
45
64
64
98
Wednesday
April 10
98
97
98
lYiday
\ April
97
97
97
139^142 4
13734 1414
13641384
§86 4
424
*87
*38
88 4
*38
*62
88 4
42
*60
*14 4
26
*13
*23
80 4
444
*60
4
14=8
26
12 4
29 4
86 Hi
64
633s
14 4
26 4
1434
26
134
134
12=8
29 4
17 4
30
30
17*4
194
194
*184
17 34
20
42
41
41
300
*280
144
4J
40
*27
*17
92
43
6334
14j4
264
13
30
18
884
42 4
03
H34
26 4
134
144
254
124
*17
30
18
29 4
*17
EXCHANGE
12
1404 1434
26 4
144
264
13 4
Thursday
April 11
STOCKS
NEW YORK STOCK
42
63
18
184
I83*
*i8=a
20
*18=8
414
40
19=8
*38 4
40
*384
404
Sales
the
853
Range tor Year mo?
Range tor Previous
On oasis o/lOO-share lot*.
Year ( moo )
o>
Week
Shares
Lowe si
Highest
Twin City Rapid Transit.
1,140 87-*, Mar.14 108 4 Jan
898,450 120*4 Mar 14 103 Jun
Do
Jan
1,865 So3* Apr 5 94
pret
Mur ‘2 5 62
Jan
4,047 ‘27
UnitRysInY’tof San Fran
Do pref
1,100 44
Mar 2 7 71 Hj Jan
1,700 12 4 Marl 4 18 ’-j J an
Do prei
‘2,450 21 4 Mar25 38 Hi Jan
9 4 M ur 4
8,010
16*4 Jan
Wheeling A Lake Erie...
Do
let pref
1,000 22*6 Marl4
3734 Jan
800 14
Do ‘2d pref
Mar 14 2 L34 Jun
800
Marl 4 2 5 7t, Jan
16
Wisconsin Central
450 36
Do prof
Marl 4 51H> Jan
Industrial tfc Hiseell
§280 Marl4 §295 Feb
Mar 14
Llia-Chalmera
2,900 10
l670Jan
Do
Miari4 43;,4 Jan
1,400 25
pref
590,820 7 8 Hr Mar .0 1‘2178 Jan
AmalgamatedCopper
JJnion Pacific
W abash
Lowest
Highest
Dec 1224 Jan
7 102
5 138 Hi M a} 196 3h Sep
7
91 Hi Ma>
99 4 J an
50
7
Apr 98 Jan
55
Apr 934 Jan
18
Dec
264 Jan
36 Hi Dec
53*4 Feb
16
Apr 2134 Feb
36
May 484 Feb
29 4 Feb
10 2114 Oct
23
Alay 33 Jan
12
44
7
J’ly 64 Jan
*280
*280
•280
300
*280
300
300
300
11 §240 J’ne 5300 Aug
12 4 I27s
12 4 1234
12 4 124
12 4 127b
16
J’ly 27-4 Jan
5
35 4 35 4
35
*34
35 m 35 4
36
32 4 32 4
35
314 344
40
67
Jau
3
Sep
97
96 4 984
95
99 4
96 4 98 *4
97 4
9334 964
92=a 94 4
5
923s J’ly 1184 Feb
21
*19
*19
21
*19
*19
21
21
*20
200
21
21
214
Amer Agricult Chemical.
19
.Mi ir‘26 ‘JS-^Jan 8
20
J’ly 34 4 Jan
*80
95
*80
*80
95
95
*80
95
*80
96
*80
95
Do
90 Si Mar.fi!
Feb 20
90
Dec 102
Jan
95
pref
17
17
17 4
17 4 17 4
17
17
164 1”4
1730 177b
Amer Beet Sugar....
8*350
14 m Mar 14
20
Jan
174
23H2Jau 7
Hi May- 35
*
*
*
♦
75
75
cO
80
80
100
80
83
Do pref
75
Mar 6 so Jan 21
82‘t, Oct 894 Jan
6
6
6
*6
6
0M
Mar 14
74
American Can
64
64
8,362
74
7 Hi Apr 11
67a
7
64
544 654 *637b 554
654
58
564 601-.
59
63=8 60s
Do pref
12,070 48 ^ Mar 26 Go H2 Apr 10
36 4 37
37
374 38
S634 38
2L
Mar
30^
37=s 30
367a 374 American Car A Foundry 12,510 3i
45*4 Jan 14
3234 J’ly 47 4. Jan
99
99
98 4 98 4
9u
99
99
*98 4ilHn.
99
510 92 Hi Mar•25 lu3
98 Hi J’ly 105
Do
Jan 12
Jan
*9841004
pref
30 4 313b
314 314
mo4 314
304 81
30 4 30 4
SU=b 31
28
44 4 Jan
Ma)
&,‘20u 27 Mat 25 33 Te Feb is
*60
*80
88
88
*80
*80
*80
88
88
•80
88
Marl 3
88
Do pref.
88
Jun21
90
Dec
95
Jan
90
*210
*210
*205
220
*205
*210
220
*210
220
220
220
220
Mar‘25 247
200
Jan 5 2 i 5
Apr 272
Aug
♦
0
6
364
4
64
6 4
04
340
64
64
|678
634
5 W. Marl
64
8 Hi J an 11
64 Amenoan Grass Twine.
77e May 114 Jan
*4
•44
5
5
5
100
*44
6
5
*44
6
*44
5
4
Amer Hide «fe Leather....
6
J an 16
41* Mar
5^ Nov 10 Jan
21
21
22
*21
22
*21
23
23
*21
214 214
406
Marl3
23
De pret
20
“
30 Hi Jan 7
24
Nov¬ 43
Jan
»3
83
83
83
83
83
82 78 32 7b
83
83
83
600 76
American Ice Securities.
83
Mar21
88
J
an 2
as^
Jan 9478 Sep
*
*13
16
13
*13
151*
*13
*13
15
15
15
*13
15
American Linseed
12*4 Mar 2 5 19^ Jan lu
163* Dec 294 Jan
*30
34
*31
*30
34
*3 J
*30
35
35
35
-30
35
35
Mar2o 36
Do pref
27
Jan 7
Dec
534 Jan
65
60
65
65 4 654
65
60
664
63
644 654
64
American locomotive..
5,256 6534 Mar2
7534 Feb 15 6334 May 784 Jan
*lu5
110
107
106
•105
110
no
105
110
107
•106
500 101
no
Do pref
Mar2
111 Hi Jan 21 10$HiDec 1204 Jan
•
*6
10
*6
*0
1U
10
9
*6
9
Amer. Malt Oorp
57m Apr
§7 Hi Apr 2
*
*31
*31
33
*30
33
33
*30
32
33
Do pref
29
Mar:
40
Feb 21
*85
91
*89
91
90 4 904
*09
*89
*89
91
91
100 b6
Mar‘25 93^Jan 7
91
92 4 Dec 1014 Jan
127 41J1
128 4 132 4 13241384
1344 1374 13141364 1304132 4
381,800 104 >4 Mar2& 05155 Jan 7 138 4 May 174
Jan
108
108
1074 1084 108 1084 108 4 1094 109 109 ^
1084
Do
4,97u 100 Alar2& 1173a Jan 7 112 Deo 130 Jan
1084
pret.
•200
*200
*200
240
*200
*200
240
240
240
240
•200
240
lerican Sn
Li
200
220
Jan
1971!, Jan 1 206 Jan 18
J’ly
97
*97
*y7
1100
100
*97
100
‘"‘265 §95 Apr 1 §100 Apr 6 100 Dec lo7 Jan
100
974 •97
100
Do pref.
100
9
8 4
9
*8 4
9
9
§8 4
*8
*84
Mar 2 6
84
84
lerioan St*
84
1,117
94 Nov 164 Jan
loa4Jan 6
39 4 894
40
40
39 4 40
394 394 *39
40
39
799 34
Do pref.
39
Marl 4 47 Hi Jan 7
40
May 634 Jan
120
12641274 126 127
1274 1264 1274 12534 127 4 125 41254
lencan Su
7,9C0 1147a Mar 14 137 Hi Feb 13 1274 May 157 Jan
*123
*123
128
125
*124
128
*124
128
*123
128
125
Do pref.
127
11(H 122 Mar 5 131 Jan 2 128 4 Dec 140 Jan
*122
125
*121
♦120
125
•120
*1214121
125
*1214 125
125
118Hi Mar25 133 Jan 4 130 J’ly 1444 Jan
92
93
92
93
93.
93
924 924
93
3*261* 86Hi Mar25 98*4 Jan 5 96 J’ly 109 Jan
934
§92*4 92 4
30 4 31
304 314
304 314
30 m 30 4
304 31
50=s 304
an Woolen.!
8,690 24
Mar 2 6 36HiJan 7
28
Nov 48
Jan
97
97 4 97 4
97 4 90
97
97
974
§98
93
Do pref
964 964
1,195 95 Mar 14 1027gJan 6 101 J’ly 1104 Jan
62
64
62
62
G27a 644
4 6l\
60
61=4 63 34
643fe
140,126 $53 Mar 14 30234 Feb L6 223 4 May 300 Feb
01=6
•112
115
*112
115
♦112
115
120
*110
120
30u 108
120
115
Marly 121H; Feb 14 105 m Nov 178 Jan
120
*12
13
13
*11
13
*12
15
*11
13
1-3
*11
100 11
MarlS 14 Hi Jan 4
13
134 J’ly 214 Apr
*
*42 4 49
*42 4 49
*42 4 49
*42 4 49
*424 49
70
41
48
Mar 8 49 *8 J an 3
40
Apr
May
30 m 314
32
32
31
31
304 31
294 30 4
central Leather
2,9*82 25 Mar26 40 Feb 16 334 Dec 49 4 Jan
*294 so
95
*95
984 984 §95
*95
977a 9 74 §96
98-\
96
89
Mar 2 6 102
974 J Do
Feb 8
98*4 Dec 1074 Jan
pref
36
364 38
354 364
364 374
3576 37J4
374
354 354
30,935 29 Marl4 67 7e Jan 8 404 May 83 4 Jan
27 4 27 4
27
23 4 234
27 4 277b
264 27
26 4 27
27 4
17
Mar 5 28*8 Apr 6
3.64U 20
May 304 Nov
129 4 132
1304131
1304 130=4 130 130
13U7b 1314 13 L
6.880 lit) Mario 140*4 Mar 1 130=8 Apr 1814 Jan
1314
20
20
20 7b
20 4
19 7b 194
20
20
Mar26 243, Jan 22
204
194 20
20
2.881 17
184 J’ly 28 Apr
*81
82
80
81
81
784 784
80
8I4 814
Do pref.
1,140 78 Mar 14 88 Jan 28 74 4 May 854 Apr
797s 794
72
72
71
72
71
71
73 4
714 724
72 4
71
Feb 13
51
Jan
31,080 62
Mar-26 78
714
744 Sep
147
*136
160
♦136
*135
•135
•135
147
160
155
160
100 144
Jan lb 138
Mar2<: 103
Jan 199
150
Jau
*88
89
*84
94
87
87
87
b7
89
80
88
Do
Jan
8,000
90
Marl5
91
864
97
14
pref
J’ly 1124 Jan
149
149
148 4 1494
150
149
150
148 4 149
150
lectnc.
14741474
22296 *1364 Alan* 163 Jan 22 2156 Dec 184 Oct
*130
131
131
♦130
*126
130
140
140
•125
135
130
400 L*20
Feb 13
Mar-26 152
135
•14 4 15
144 144 •144 15
144 16
600 13
14=8 14=b
144 144
Mar26 18 Hi Jan 7
164 S©P 264 Jan
*74
75
*74
75
75
800 73
90
7434 744 *74
754 *74
*734 75
80
Dec
Apr i 81
Jan
Feb 11
*43
*43
•43
69
*43
50
*43
444 444
100 40 Mar 14 SO3* Jan 15
48
sep 295 Jan
30
30 4
*29
30 4
284 80
*287a 294
60
264 264 *26
26
28
Jan
Max25
30
41
Jan 7
1,275
May
80
*79
*79
i4o 74 Hi Mar.'6 81
794 794 *78
§80
92
80
80
Do pret.
79
Jan
804 §80
804
Jan 14
May
69 78 70
69 4 70
69 4 094
69
70
69
694 70
69
,
i,y*>u *621* Mario 76*4 Jan 24
*68
70
69
69 4
*67
200 z63
*074 70
*68°i 70
*674 70
Do pref
Maris 71
Jan 24
69*8
77
78
77 4 77 4
774 7734
784 784
774 78
77^ 774
1,650 76 ^ Marl 4 86*4 Jan 15 62 May 79 4 Deo
♦
*111
116
112 41124 11441144 •ju
*200 111
•1124116
1124 115
Do
Mar 2 6 117=8 Mar 5 113 m Jan 1184 Oct
no
pret
12 4 124 *12
13
*12
13
12
*12
12
12
12
124
1.500 10J4 MaT26 15=8 Jan 5 12 May 184 Jan
*81
'81
65
85
*81
85
82 4 824 *81
*81
85
100
79
o
Alar 28 87
82
85
Feb 15
pr
Sep 88 4 Mar
014 63
604 614
614 64
604 614
nal Lead,
66
6138 63
6L=b 64
25,900 49 Mar-25 73*4 Jan 7
May- 954 Jan
99
*98
•984 99
99
984 99
984 994 §994 994
Man 5 103
99
Do
1,960 98
Jan 6 1004 J’ut- 1064 Jan
pret...
19 7a 20
2,300 il97, April $20 Apr 1L
194 20
116
117
115
115
♦116
117-4
117
1174
1154117
J iy 1634 j
117=8
m116
6,020 00 Mar 2 5 141 Hi Jan 7 133
75
75 4
*70
74
744 754
76
75 H
80
87 4 Nov 107
74
J
§747a 744
2,810 OJi* Mar 14 89=4 Jau 4
28 4 29 4
*2 7
29
29
284 29
2'J
1,600 •2l‘aMar26 41^ Jan 5
2j7s *20
294 *27
284 J’ne 514 J
92 4 93 4
924 944
924 93
934 934
88
924 93
Mar-14 93=8 Jan 4
92=a 94't
11,265 85
J’ly 103 J
eop. Gas-L.«fc C. (Chic.)
12
13
*12
12 4
13
13
12
12
13
12
13 4
1.360 12 Mar 2 to 167s Jan is
124
134 May 1841
65
55
*53
66
*53
•52
65
*53
65
64
300
56
49
Mar 15 60=t Jan 4
55
Do
50
pref.
J’ly 62 4 J
38
37
37 4 38
3/
36
37 4
364 374
issed Steel
384
9.495 30 Alar 2 6 67 Janlo 43
»74
364
May 644 J
94
94
94
•94
§95
95
816 86
94
95
§95
95
Do pref..
95
J
944 95
Mar-26 997b Jan 24
May 105
170
168
*100
*160
•166
170
168
♦166
173
200 150
172
172
172
Dec 270
Mari4 181 *b Jan 8 180
1
'
46
*44
47
45 4 457b *45
47
*45
*44
47
600 39
47
47
1 > ail way Steel Spring...
44
Mar26 57 Hi Jau lo
May 624 J
92
92
*90
*92
93
•93
93
93
*92
JLV Do preL
300
94
95
90
95
Alar 2 2 99 m Feb 15
9734 J’ly 107 J
29
30
294 304
294 3U7b
294 614
294 304
2934 30 4
19,530 22 tj Mar26 41 Jan 7 224 May 4141
86 4 87
864 87
854 864
864 80 4
>o
91
864 87
Mar 25 100 Jau 7
864 08
prof
8.360 78
May 110 4 J
65
55 4
64=4 56
544 55
Mar 14 77*4 Jan 7
534 55 4 *524 54
641 65\
St.
A
2,900 42
^loss-Sfietfleld
Iron
684 J’ly 97 4 J
100
100
103
100 100
Do
Oct 113
Mar 5 107 Janll 101
2
pref
144
145
xi454 145*4
1444 1444 144 4 145
761 130
Mar 2 6 162
Jan 4 129 Jan *106 I
144=8
40
40
39
40
40 4
40
46 4
40 4
40
40
S0M 38 4
1,650 $34 7„ Mar-26 $53 Hi Mar 1
•74
76
*74
79
76
*74
•73
79
*70
79
200 68
79
7y
OU
Mar-26 85
Jan 17
May 88
6
7
7
6
645
mon Bag A Paper
Mar.19
5 4 Sep
164
8H, Jan 15
54
64
54
54
63
*6234 544
Do prel
63
Oct
84
1.4UU 50 r* Mar35 61 Jan 7 62
374 38
30=8 374
304 364
304 30 4
43 4 May
63
36=8 37=8
36=8 36=8
8,050 30i*Mar-25 49 4 Jan 6
*80
87
8L
80
81
*80
87
82
80
410 74
§82 4 624
82 4
Do pref.
M&T26 89
83 4 Dec
96 V
Jan 15
103
*100
108
*101
103
100
*100
105
105
•100
200 100
106
Mar 6 §117 Jau 9 109
106
Alay 1384'
•77
*74
79
•754 78
*74
78
74
74
72
78
724
1,20'. 72 Mar25 OOHiJan 4 75 Aug 944.
20
20
*18
22
•18
22
•18
22
400
194 DH *19
13 Hi Mar25 30*« Jan 28
22
24
Mai
404.
63
684 634
63
65 4 55 4
54
54 4
Do
54#4 50
60
634 67 4
Mai
84
L810 43'fc Marl.c> 68 Jan 7
pret.
43 4 4 34
§434 434
434 44
44
44
43 4 434
43
43 4
1,437 367e Mar2t
38
624 Feb 16
J’ly 694
10341044 §10441044 104
lu44 1034 1044 10441044 §105
1st pref
Do
105
1,146 99»aMar25 109 7s Jan 7 *1049t J’ly 2116
•78 4 74 4 •72
74
75
73 4 74=4.
74
74
54
Do
2d pref
74
l,U7U 68
MarJS
744
75
May 2874.
784 Jan
36 4 3778
38
874 888b
80
4 39 4
39=8
37=8 39 4
374 304
522,190 31 M Mar26 50*8 J an
524 J’ly 504
10041014
l
91
994101
10041014 1004101
Do
101
J0041004
1004
4
41,550
pret.
Ha Mario L0734 Jan
98*4 J’ly 1134.
30
29 4 30
29
29
304 §294 294
27 4 284
_4
Mar 2 5 $39 4 Mar
284 294
3,100 $24
29 4 29 4
29
294 304
28 4 28 4
25 Si Mar25 39-4 Jan
294 •284 29 4
ma-Carolina Chein..
284 28 4
2,l0u
31
rgi
J’ly 68 Jan
• 104
107
*104
107
*103
§105
104
106
101
170 01
107
Do pref
Mar 2 5 108
§105 105
Jan
104
J’ly 1174 Jan
74
77
74
704 74
♦72
764
744 744 *72
80
rgima Iron Coal A C..
2.500 65 Mar25 97 Jan 22 38 May 93 Deo
•230
300
*230
300
♦230
300
*230
300
•235
255
S00
100
255
55
Mar 305
Oct
Apr r2 4290 Jan 26 233
\l/ ells Fargo A Co
'
824 824
824 824
82 4 634 §83
8i
*81
82 4
83
82 4 Vt eat'n Union Tele’gpli
1,111 79 *9 Mar 6 85 Jan 10 2834 Dec 914 Jan
•144
U7
147
1474 147
147
*1434 1474 147*8 147=8 •144 147
140
ALar‘26
700
1
164
Jan
2
176
148
Jan
Weat'gh’seEl <& Mf g aasen
Aug
165
•147
*147
165
105
*147
*146
165
*145
*147
Do
105
165
1st pref
162
Nov 188 Jan
12 4
L24
127fj
Adams Express
124
‘
*
,
S
■*
-
rational Biscuit..
Pacific Mail
•
1*44=8
U
.
,
_
BANKS AND TRUST COMPANIES—BROKERS’
llonka
Bid
Ask
Union ExohTi 220
240
U SKxcha’eli 122 4 1324
Waah.H’hU1
..
400
4*26
BROOKLYN
Borough^].... 175
Broadway!,1..
Brooklyn!]
Bid
160
145
..
a
N. Y.
BROOKLYN
Mechanical].
390
160
390
316
Nassau
Nat City
North Side!].
200
305
350
ProspoctPk!
160
First
Home Bank!
Manufactra’.
Terminal....
140
Uniou!|
215
pnoes; no safes on tins day.
175
325
280
400
165
226
Ask
CITY
Bankers’ Tr. 500
BowTgGreen 440
BroadwayTr. 150
Carnegie.
..
540
450
460
t225
Central Tr’at i860 2050
Colonial
400
410
Columbia.... 210
226
Commercial. 2‘20
Common w’th
145
330
340
Empire.
435
Equitable Tr
Farm Lo A Ti
1300
§ Less than 100 shares.
•Sale at Stook Exchange or at auction this week,
Bid
AS
225
West Side!].. 600
YorkviileU
Honks
o
Trust Co’s
s
Ask
Fif tli Ave Tr
550
Fulton
300
480
510
Guaranty Tr
Guardian Tr 240
250
Hudson
90
100
Kmck ’rb’k’r 1260
Law T I <fcTr 205
276
Lincoln Tr... 380
390
Manhattan..
Mercantile..
_
,
, ,
-
Metropolitan 570
MortonTrual
Mutual
tEr-righta.
Kx stook dividend,
Bid
QUOTATIONS
120
5New stoofc.
r
no
§70
050
590
725
130
Trust Co’s
Bid
Mut. Alliance
N Y LifeATr
New York Tr
StandardTVl
TitloGu A Tr
Tr Co of Am.
Union Trout
195
lOuO
205
BJtooai.ro
715
730
425
Citizens’
Fiatbuali....
Franklin
Hamilton
Home
Jenkins
Ask
f645 4
7*25
750
L300 1325
470
480
Unit States
1240 1270
Van N’denTr riyb-H
Washington. 400
Windsor
200
215
USMtg&Tr
.
Trust Co’s
Brooklyn Tr
....
Bid
425
140
260
310
315
160
Williams b*g.
450
150
320
330
176
200
460
LIM LATr. 310
200
N
Kings Co....
People’s.
Ask
[475
325
270
3164
•225
eKx-dividend and righto. dNow quoted dollars per share.
Trust Oo. certificates. !] Banks market! with a paragrap>h (T) are State banks.
New York Stock
Exchange—Bond Record, Friday, Weekly and Yearly
OCCUPYING
BOND*
trice
ST. Y. STOCK EXCHANGE
Week Jlnthwo April 12
LI. 8. (iovernmeul
U S 2s consol registered.(11930
U S 2b consol coupon....(11930
XI S 3s registered
kl91b
TJ S 3s coupon
k 191b
U S 3s reg small bonds._fcl91>U S 3s eon small bouds../cl9l8
U S 4s registered.
/il3(>7
US4fl coupon
/il907
U 8 4s registered..
1925
XT 8 4s coupon
1925
U S Pan Can 10-30 yr2s.fcl'.'3
Philippine islands 4s.1914-34
Pub wk« and imp reg 4a 1935
Q-F
P
Bid
104
Last
®
bale
*;
Ask Low
High
104 4 1U434 Apr’07
104 8 1064 Mar’07
104
'BONDS
Since
.0
Ao
Low
High
1044 106-4
106
1064
1024 104
107
J’ne’O:
1014 Oct ’0.
1014102
1014 3 02
1304 1314
130 4 1314
1004 Mar*o7
1014 Mar’07
130*4 Mar’07
130 4 Mar’ll?
10441054 ! 05 4 Oct ’06
1094
111
May’06
1004 1014
1004 1014
129
1304
12941304
Pub wks and
Stale Securities
Alabama curr fund 4s ....1920
Dist of Columbia 3'65s
1924
Doulaiana new consol 4s.. 1914
North Carolina consol 4s.1910
6s
1919
So Carolina 4 4s 20-40
1933
Venn new settlement 3s..1913
'Virginia fund debt 2-3s...1991
6s deferred Brown Bros otfs.
* '1 hese
J-J
A-O
J-J
J-J
J-J
rJCAlaba Midi bee At Coast Lane
.Albany A Susa bee Del & Han
■Allegheny Valley bee Penn RR
; Alleg A West
bee Bud K A 1
fAnn Arbor 1st g 4s
hl995 Q-J
fAtCb TA S Fe—Gen g 48.1996 A-O
Registered
1995 A-O
Adjustment g 48.......hI995
Registered
.....hl995
Nov
Nov
.h-1995 M-N
Stamped
Oonv g 4s
1956 J-D
Debentures 4s Series F.1908 F-A
Senes G....
1909 F-A
F-A
F-A
F-A
M-S
hi948
hi 948
Pttts June 1st gold 6b...1922
P Jun A M Div 1st g 3 481925
PLE&W VaSya ref 4al941
South w Div 1st g 3 4s...1925
Registered
Registered
hi 925
Monon Riv 1st gu g 5s.. 1919
Oen Ohio R 1st c g4 4s.. 1930
Cl Dor A W con 1st g 6s 1933
Ohio River RR 1st g 5s. 1936
General gold 5s
1937
J?ltts Clev A Tol 1st g 6s 1922
Pitts A West 1st g 4s... 191
Stat Isl Ry 1st gu g 4 4s 1943
tBat Creek A 8 bee Id ich Cent
iBeech Creek bee N Y C A II
tBeilev A Car bee Illinois Cent
■Bklyn A Moutauk bee Dong I
Bruns A West bee Atl Coast L
[Buffalo N Y A Erie bee Erie
[Buffalo RAP geu g 5s...1937
Ail A West lstg 4s gu..l998
r
fl^2d 6s
f
Registered.....
A-O
Q-J
J -J
M-N
M-N
J-J
n
MS
A-O
J-D
A-O
A-O
J-J
1913 M-S
1913 M-S
5s....pl945 Oct
97*4 358
914
894
814
9! \
100*4
964 1004
967s 1004
874 944
b7 4 924
200
27s
834 72
102
31
79
85*4
984 10334
964 99
61*
92 4
94
Of $5 to £
an is
Mar’02
1174 J’ne’06
105 4 Deo’04
Registered
Craig Valley 1st g 5s....1940
R A A Div 1st con g 4a. „ 1989
2d consol g4a
1989
Warm Spr Val 1st g 5s.. 1941
Greenbrier Ry lstgu g 4s ’40
Clue A Alt RR ref g 3s...1949
Railway 1st lien 34a...1950
115
109
107
Sale
854
854
*72
62
•62
1945 A-O
4s....2002 J-J
J-J
Bk Q Co A S con gu g 6s. 1941 M-N
Bklyu U'ii El lstg 4-5s.l950 F-A
Stamped guar 4-5s
I960 F-A
Kings Co El lstg 4s
1949 F-A
Stamped guar 4s
1949 F-A
Nassau Elec gu g 4s ....1951 J * J
Gonn Ry A D 1st A ref g 4 4b ’51 J-J
Stamped guar 4 4s
1951 J-J
iDen Con Tr Co 1st g 5s... 1933 A-O
3D«t United 1st con g 44s. 1932 J - J
Havana Elec consol g 6s. 1952 FA
Ulster-Met coll 4 4s
1950 A-O
Internal Trac coU tr 4s..1949 J-J
Don is Ry Co 1st con sr 5s.. 1930 J - J
Hanlla Elec 1st A coll 5s. 1963 M* S
77
62«g
....
102
80
103
Mar’07
116
1084
109
Apr’06
Apr’07
106
113
86
86
70
Apr’07
74*4 Apr’07
I
99 J4 100 4
99
101
99^
89 4 Feb Of
1014
101
104
114 4 Bale
......
100
71
89 4
101
10?
114 4
116
102 *4 -Sale
102 4
1 0- *6 104
112
97
*964
«.
93** 92 4
J-J
J-J
J-J
M-S
M-N
A-O
J-J
J-J
F-A
J-J
J-J
J-J
A-O
Apr’07
1918 M-N
M-N
Registered
..2002 M N
Coll trust gold 6s
1913 M-S
Bur Ceil RAN orthern—
Con 1st A col trg 6a...1934
O
Registered
1934 A-O
ORIFANW lstgu68.1921 A-O
M A St L 1st gu g 7S..1927 J-D
Chie R
85
90
734
764
74*4
73
63 4
02
63 4 Jan ’07
62
116
111
85*' 9*0**
»6
Sals
1064 Mar*07
86
66
66
1024
......
......
•
«••••
......
6 100
....
......
......
* •••-•*
103*4 Nov’uG
104
95
89
90
78*4 Sale
......
......
105
...
887s]
107
864 115 794 92«t
6 102 4 103 4
1084
100
4. 100
1014
100
1044 1064 105 4
100
110
Feb’96
87
Feb‘07
87
87
Apr’07
81
84
834 Apr’u7
•No prtoe Friday; latest prioe this week.
i'123'.i 1254
104 ill
ill
3 100
107
Feb’o?
114 4
J’ne’(>6
**i 1134 116
*47
103
76
69
76
99
78 105*4
51 ay’06
Feb’06
97
Mar’07
96 4 100 4
92 4 92 4
113*4 Keb’Up
99*4 Feb ’OH
tiU
897*
105
107
Mai’07
69
7G
80
67*4
76<4
99
894
23
100
1004
924
1024
*4 uni** 104’*
101*8 102
10241034
106
109
ibo‘78 i*02*i
112
1174
ill 3 4 ii’34
125
107
126
1114
1*03** ib'04
107
101
904
924
l’li” il34
no
1114
106*4 1O0»4
10841084
102 4 103
102 41054
104
104
1074 110\
1067» 1004
1104 1114
1194121
102
102
104
104
95 4 98
96
96
1004 1024
1004101
107
107
11841144
1004 1024
*1224
1224
114
1164
1164 1164
984 1004
99 4
89
99*4
914
904
904
90
I* A* Pac*RR*4s”2002
on
724
87
87
Dec ’05
87 7»
117
Jan’07
79
•
Sale
117
90*4
Mar’07
72*8 Sale
73
904
90
90
68
77
82
2 108
86
118
167
96
1174 1204 Mar*03
106
111
Nor’OJ
Next Page-
•
Railway
Brooklyn Rap Tr g 5s
eonv ir
5iii2'«:4 126*4
j
Feb’uT;
9.D4
P 4b
116
MlSCKLLAMEOIJ8 BONDS—Continned
1st refund
125
bO 4 Mav’05
1950
Registered
100 4 1004 Ohio Burl A
1004 1904
99 4 Mar’u7
984
Q— Denv D 4a 1922
126
Mar’07
126
126
91
Illinois Div 34s
91
91
Salt1945*
120
Mar’OO
90
Registered
1949
Sep ’06
96 * I”"
96
95
Apr’07
96
102
Gold 4a....
1949
102 4 102*8
lo2°b
964 Jan ’07
964 9534
Iowa Div sink fund 5s.. 1919
1054
no 4 Jan ’05
*22* Sale* 204
34
22
20
22
104
104
984
Sinking fund 4s
1919 A-O
Nebraska Extension 4a.1927 M-N 101*4
10Lfl6 Feb’07
Registered
1927 M-N •97
1014 Dec’06
Southwestern Div4s....1921 M-S
100
J’ly’06
Joint bonds See Great North
Debenture 5s
1913 M-N
103
Mar’07
103*8
105
Han A St Jos consol 6s..1911 M-S
1O6
106
Chic A E Ill ref A imp g 4s 1955 J-J
92
Oct ’06
87
874 87
8
864 91
1st s f cur 6s
1907 J-D 102*8
102*8 102*h
99 4 Sale
994 100*4 196 9741024
1st consol g 6s
132
Oct ’06
......1934 A-O
*
1004 101 Jan’07
101
101*4
112 4
General consol 1st 6a....1937 M-N
112*4 Apr’07
914 Sale
914
92
*78 90
924
1184 Feb’U6
Registered..
1937 M-N
95
Sep ’06
Chic A Ind C
1134 Feb’07
1st 5s.1936 J-J 110
92 4 bate
914
924 *49 90*** * 92 4 Chicago A Erie Ry
bee Erie
1004 Sale 1004 193
574
9341084 Chic In A Douisv ref 6s...1947 J-J 12341244 125 Mar’07
99
Feb’07
984.
107
Refunding gold 5s
1947 J-J •109
Apr’u7
1004 Jan’06
Douisv N A A Cli 1st 6a.1910 J-J
103
105 4 Sep ’06
90
Feb’07
96
96
Chic Mil A St P term g os 1914 J-J
103
1047*
Mar’07
984 Nov’04
General g 4s series A..el989 J-J ^103
103
103
104
94
Nov’06
H
104 4 Oct ’06
Registered
el989
91
Apr’07
91
91
j**9*6”
"93** 91*4
Generalg 348 senes B.«1989
92
Ohio A D Su Div g 6s....1921 J-J •‘1084
1J 5 4 Oct ’05
95 4 Sale
95
954 110 92*4 93Ts
Chic A Mo Riv Div 5s...1926 J-J ’112
112
112
112*4
Ohio A Pao Div 6s
1910 J-J
108
103*4
Apr’06
HI" 12*7* 1327g Jan ’06
Ohio A P W 1st g 5s
1921 J-J
111*8
111*6
111*8
1124 Jan’04
Dak A Gt So g 5s
.1916 J-J 105
106*4 Feb’07
114°8 Nov’06
Far A Sou assn g 6s
137 4 J 'ly ’99
1924 j-j 1204
90
99 4 Mar’06
Hast A D Div 1st 7s
1910 J-J
106*4
108*4 Feb’07
86
89
88
88
14
84
FV4
lst5s
1910 J-J
10L4
1U6
Aug’U4
91
93
90*4 Deo'06
I A D Exten 1st 7s
1908 J-J
182 4 Apr’06
DaCrosseA D 1st 5s....1919 J-J
107 4
111
.N ov’OG
Mineral Point Div 5s....1910 J-J
102
102 *a Mar’07
93
Sale
924
934 19 904 934
So Minn Div 1st 6s
1910 J-J
102 4
104*b
102 4
89
96
J’ne’06
Southwest Div 1st 6s....1909 j-j
102 4
104
Jan’07
100
Salo 100
1004 78 984 1024
Wis A Minn Div gos....l921 J-J
108 4..... 1074 Mar’07
98 4 Apr’07
MU A No 1st M D 6s....1910 J-D
9841014
103
1064 Feb’07
120
Oct ’01
1st consol 6s
1913 J-D 105
1114 Feb’07
88
88
89
Mar’07
89
90
Obic A Northwcons7s
-F
1916 Q120 4 Feb’07
1197® 123
6
9434 944
947
93
96
Extension 4s
1886-1926 F- A 101
102 -Jan ’07
90 4 21
’*894 904 90
88*4 90*4
Registered
1886-1926 F-A
104
Feb 07
89
Oct ’06
General gold 34s
M-N
96
95 7e Mar’07
1987
98
101
1054 Feb’07
1Q57$ 1064
95
Registered
»1987 Q-F
Fob’07
109
Apr’05
Sinking fund 6s...1879-1929 A-O • 1064 mu Hi Oct’06
110
io*K
Apr’07
110
A-O
1134
Registered
1879-1929
114 4 Feb’06
116
May’06
Sinking fond 5s...1879-1929 A-O i*oT*
106*4 Nov’06
10741114 113 4Nov’06
Registered
1879-1929 A-O
107 4 J’ne’U6
no
1194 Mar’04
Debenture 5s
1909 M-N
102 4
102 4
102 4
94
Max’07
94
94
Registered
1909 M-N
100 4 Apr’o7
100
Nov'04
Debenture 5s
1921 A-O
107
1054
Jan’07
Registered
1921 A-O 103
108*4 Jun '04
Sinking fund deb 5s
1933 M-N Ill
113
113 4 Apr’07
1933 M-N
Registered
117
Feb’06
North lUinois 1st 5s....1910 M-S
100*4
1054 Dec’05
Ott C F A St Paul 1st 5s 1909 M-S
100 4 Mar’07
100*4
Winona A St Pettdd7s..l907 M-N
102 4
102 4 Dec’06
116
115
115
10 112
MU D S A West 1st g 6s 1921 M-N
1184
122 4 Feb’07
120*8
97
103 4 Feb’07
102
1034
Ext A Imp s (und g os 1929 F-A
116
Oct ’06
1114
110
103
Apr’97
Ashland Div 1st g 6a..1925 M-S
142 4 Feb’02
121*8
116
124
Apr’u6
Mich Div lstg6s
1924 J-J 1214
128 4 Feb’06
119
122
118*4 Mar’07
118*4 1234
Incomes
100
1911 M-N
109
Sep ’03
Chic Rock lsl A Pao 6s...1917
J
114
Mar’u7
115*4
96
96*8 Feb’07
944 964
Registered
1917 J-J
114
1164 Mar’07
General gold 4s
J
...1988
1004 Sale
99*4
100*6
1014 Bale 101
1014
100
1014
J
Registered
1988
99*4 Feb’07
101
1024 102
1024
101
1054
Refunding g 4s
1934 A-O *9*6” Sale*
897*
90 4
103
Nov'00
100\
Coll trust SenesH 4s
1910 M-N
97
J’ly’04
J 4s
M-N
1912
92 4 Nov’06
Mis
1915 M-N
90 4 Jan ’07
N 4s
1916 M-N
93
May’04
O 4s
1917 M-N
90*4 Feb’07
Street
BkCity lstcon 5s.1916.1941
...jll'151.* 108
Feb’07’
Mai’O?.
100 ;.| Alar'Ol
68
1935 M-N
1992 M-S
1992 M-S
General gold 4 4a
1-5
12
111
Nov’t)5j,...[
!j
105
Chas A Sav bee Atl Coast Line
dies A Ohio g 6a ser A../il90b A-O
Gold 6a
al911 A-O
1st consol g 5a
1939 M-N
Registered
Jiigh
_
1945 M-N
g
97*4 385
97 4
105*.i
....
1908 J-J
5s....pl945 Got
99
Low
...
J-D
prei income g
100
Con ext guar 4 4s
f/1910 Q-M
N Y A Dong Br gen g 4s 1941 M-S
Cent Pacific
bee 80 Pact tic Co
o
115 4 Dec' u5
[.... I
115
1 >64 A11 m’05j
....
Stamped
Jo
Leli A Wilks B Coal pa..1912 M-N
January 1
....
1st pref income g 5s....pl945 Oct
Stamped
3d prei income
Stamped
125
LJl4123
”l 09
102 4
Since
<
....
Oarb A 8bawu bee III Cent
Oarolwa Cent bee Seab Air D
■Carthage& Ad bee N YC'AH
■Cod K IaFifcN bee B C R A N
Oen Branon Ry bee Mo Pac
■Cent of Ga RR 1st g 6a..pl945 F-A
Consol gold 5s
1945 M-N
Registered
12.3
J-J
Hi ij/r A
....
M-S
A-O
Cl A Mali 1st gu g 5s....1943 J-J
Boch A Pitts 1st g 6s...1921 F-A
Consol 1st g 6s
1922 J-D
[Buffalo A Soutli wes* bee Erie
[Bull A 8usq 1st ref g 4s.dl951 J-J
Bur C R A N bee C R I A P
•/"Canada 8outh 1st 5s
V"
^
J’ne'00
93
107
Range
5-^
or
ba te
f.i
M-8
J-J
A-O
A-O
M-N
J-J
M-N
J-J
<|>alt A Ohio prior lg3 48-1925 J-J
iJD Registered
/il926 Q-J
Gold 4a
97<4
90
111
103
d.N
Last
Ask Low
CentVermont 1st gu 94s.ei920 Q-F
99
Mar’07
93 7s '
94 4
o
n
ices
the b
pr
J-J
F-A
J-J
Railroad
A labama Cent tiee 8o By
Senes H
1910
Senes 1
1911
Series K
1913
last Okla Div 1st g 4s.. 1928
! Atl Knox A N
bee L A N
^Atlantic Coast 1st g 4s.hl952
Charles A 8av 1st g 7s.. 1936
But F A W 1st gold 6&..1934
1st gold 6s
1934
Ala Mid 1st gu gold 5s ..1928
Rruns A W 1st gu g 4s ..1938
LAN coll g 4s
ol»62
Sil Sp Oca & G gug4s ..1918
.Atlantic A Danv bee South Ry
! Austin A N W
bee Sou Pacitio
are
Bia
J-D
J-J
J-J
J-J
Registered....
hl9S7 Q-J
Am Dock A Imp gu 5s.. 1921 J-J
De A Hud R gen gugSa 1920 J-J
,
Week’s
Bange
April 12
Cent of Ga RIt—(Con.)
Chatt Div pur moil g 4s.1951
Alac A Nor Div 1st g 5s. 194(5
Alld Ga A Atl Div'5s
1947
Mobile Div lstg 5s
194t
Ceu ERA 13 ol Ga col g os 193
Cento! N J gen’lgold 5s. 198
*
...
Q-S
imp reg...1936 Q-F
Foreign Ciovenunent
Japanese Govt 6s sterl’g.1911 A-O * 97*« Sale
2d series 6s
1911 A-O * 97*« Sale
£ loan 4 4s ctfs full pd.1925 F-A * 914 Sale
2d series 4 4s ctfs full paid. J J t 914 Sale
£ loan 4s ctfs full paid.. 1931 J-J t 83
84
Repub of Cuba 5s ex ten debt.. M-S 1102 Sale
V 8 of Mexico s f g 5« of 1899 Q-.T
964
Gold 4s of 1904
1954 J-D
93*4
trice
JYidav
N. Y. STOCK EXCHANGE
Week Endino April 12
January
-c
10234 103 4 1034 Aug’06
1U3 4 104
104
Apr’O
io24
PAGES
Range
Range or
April 12
Q-J
Q-J
Q-F
Q-F
Q-F
Q-F
Q-J
Q-J
Q-F
Q N
Week's
triday
s,v
POL'1C
....
.
87
89
844
884
81
....
....
108
•
86
’-----
Dec’06
J’ne’OO
934 Oct *06
92 4 Jan ’07
80 4 108
78*4
9l~
93
74
72
71
82
73
....
78
109
Mar’98
98
May*06
nDueJan
65
.
....
<t Due Apr
—
e
Due May
Street Railway
Met St Ry gen col tr g 5s. 1997 F-A
Ref g 4s
2002 A-O
B way A 7th At 1st c g 5s 1943 J-D
Col A 9th A V lstgu g 58.1993 M-S
JLex Av A P F 1st gu g 5s 1993 M-S
Third A ve RR con gu 4s 2000 J-J
Third Ave Ry 1st g 5s..1937 J-J
Met W S El (Chic) lstg 4s. 1938 F-A
MU El Ry A L 30-yr g os.1926 F-A
Minn St Ry 1st con g os..1919 J-J
N Orl Ry A Lt gen 44a ..1935 J-J
St Job RyLtH A P lstg 5s ’37 M-N
St Paul City Cab con g 6a. 1937 J-J
Underground of Lon 5s... 1908 J-D
Union El (Chic) 1st g 5-S..1946 A-O
United RRs San Frsf 4s.1927 A-O
United Rys St L 1st g 48.1934 J-J
W Chic St 40-yr con g 6S.1930 M-N
^Dua J’ne
hDue J'iy
fcDueAu*
10248ale
1024
1044
82
82*a Mar’07
no
no
1084111
109
1124 113 4 Feb’07
1134 Dec’06
85 4 864
80 4
111
Sale 111
1114
93 4 J’ly'06
98
109
J’ly’06
mm *894
*7*8 *
Sale
82
76
Sale
*
oDtteOct
1074 Feb’00
904 Sep'06
103 4 Oct ’06
1104Nov’0B
78
784
100
Jan ’07
70
82
99
70
82
Dm *97
tJJmmmm
17
113411*4
74
864
1 111
....
*8*6
6
1
•»
1144
Apk. 13
M.
BON I»
trice
Week's
bYidav
Range or
5 £
N. Y. STOCK EXCHANGE
Wetek Ending April 12
BOM).*'
Range
Sine«
C
EXCH A XG E
Ending atril 12
N. Y. ST< > C K
January i
Sale
Last
April 12
O
Wkiik
J-J
M-N
:::::: no"
129
M-N
128
] 25 7«
I
|
161
fVI-N
M
Oct’00
1044 Apr’07
1044
J-D
......
J
117
994
100
9938 Jan’67
974
974
97
97
Jan ’07
97
99*4 Feb’05
08 ‘ Sep ’06
105
Jan ’04
97 4 Mar’07
99 4 Jan ’07
118 4 J’ne’Od
1184 Jan ’07
1274
132
100
J-J
074 Sale
J-J
97
M-N
Sale
M-N
Vi -S
95
J-J
M-N
lOG3,
Q-f
98
90
Fla C A
Fort St
Ft W A
Ft W A
1044 105 *4
"
83
83
1U4 4105
....
....
13
964102
994 994
10
10
97
97
97
....
98 *v
98*4
Gray’s Pt Term
97
Registered.h,
Greenbrier Ry
Gt Nor—C BA Q
Feb’07
....
i*31**4 i*3*2**
....
914
914
64
62
M-N
914
Apr’07
1
62
45
14
904
95
Feb’07
894
744
944
05
95
67
Term A.improve 4s
1923 IF. A
Warren 1st retgu g 3 4s.2060
Del A Hud 1st Pa Div 7s.l917 M-S
1917
4Nov’O0
1214 Apr’07
127
i21\
1204
1951
1961
Extended 1st g 3 4s
1951
1st gold 3s sterling
1961
Coll Trust gold 4s
1962
Registered
1952
L N O A Tex gold 4s ...1953
J-D
162 4 Sale
99 4 Sale
▲lb A Sus conv 3 4a
1946 A-O
Sens & Saratoga 1st 7s.192] M-N
Del Riv RR Bridge bee Pa lilt
Denv A R Gr 1st con g 4s.1936 j-j
Oonsol gold 4 4s
1936 j-j
Improvement gold 5s...1928
Rio Gr Juno 1st gu g 5a.1939
Bio gT So 1st gold 4s....1940
Guaranteed
1940
RloGr West 1st g 4s.... 1939
Mge and col trust 4sA. 1949
94 4
102 4
105 4
......
1 _n
J-J
j - j
j-j
A-0
1?ast of
Mum
PMSoAKy
M
Ga
Ten
Va A bee8«t
bee
2d ext gold 5s
1919
8d ext gold 4 4s
1923
4th ext gold 5s
1920
5th ext gold 4s
1928
1st consol gold 7s
1920
1st oonsol g fund 7s
1920
Erie 1st con g 4s prior..1996
Registered
A. 1996
1st consol gen lien g 4s..1996
J..1996
Penn coil tr g 4s
1951
60-year oonv 4s A
1963
do
Series B...1953
Butt N Y& Erie 1st7s..1916
BuB A S W gold 6s
1908
Chic & Erie 1st gold 6s..1982
Ciev A Mahon Val g os. 193s.
Jeff Rli 1st gu g 5s....al909
Bong Dock consol g 6s..1935
Coal A RR 1st cur gu 68.1922
Dock A Imp 1st cur 6s..1913
W Y A Green L gu g 5s. 1946
89
92
J-J
A-0
A-O
M-N
J-J
M-N
116
Sep 04
92
Mar’07
92 4
Mar’07
86
Oct ’06
112
107
•
100
Sale
162 4
106
98
126
127 4
128
133
954
974
99 4
83 '
85 4
Oct ’06
86
78 4
75 4
80 4
83
85
Sale
80
75
104
162
1164
1154
994
124
130
95
874
87*4
92
92
92
92 4
....
....
....
...
.
2
.
Eq G BN Y' 1st con g 5s.. 1932
83 4
€tab4c Elec Borneob g5s.1949
Gen Electric deb b 34s.. 1942
Gr Rap G B Co 1st g 6s. ..1915
Hudaon Ce Gas 1st g 5s..1949
'H'aii fifty (Mnj Gas 1 nt g 5a 1 922
Kings Co El Lap g 5sl..)937
T
32
954
904
34
80
88
854
854
914
103*4
754 87
84
76
46
2u6
82
75 4 60
Nov’05
2
Sep’oe
109*8 Oct ’05
121 4 Dec’08
•
•
«
J-J
F-A
98 4 100
106 4 Apr *07
100
Apr’07
100
100
100
105
Feb ’07
105
105
1 100
A-O
J-J
614 Oct ’01
86 4 Apr’07
*864
107*4 Iiec’OO
i()34
*
103
98
Apr’07
,
117
Feb’67
■r
103
1034
117
117
x997
Me prio© Friday; latest
bidand asked this week. 0 Due Jan b Due
—
804
Dec’06
934 Mar’06
----
987.
894
99
1024
103=8 1054
105
10434
Nov’oO
984 Nov’UO
Dec’06
100
1921
1094 Sep’06
1044 Aug’oe
109
1004
1004100*
Feb’07
99 4 J’ne’ihf
70
Oct ’04
101
Apr’O.
102
Oct ’01
100
98
100
•
*
91
iof ’ i’024
ibo*41084
10234 10()34 Mar’07
100
May’U0
1023* Jan ’67
893, Feb’07
123
M ay’99
102*4 102*4
8034 91
..
78 4 Apr’06
78*4 Feb’07
80
Mar’07
1014 Oct ’09
89
100
102
122
97
994
Nov’OU
Jan ’07
1214 Dec’06
119*4 Mar’04
93°8 May’04
100 4
97
100 4 Mar’07
97
Mar’07
’
114
98
100
Sale
Sale
100
114
98
72 7e
72?* Sale
M-S
Feb’07
114
98
106
80
73
111
85
Feb’07
Feb’07
69
63
69
Oct ’00
784
78*4
884
89*"
102
Dec’05
Mar’07
il*9“
gold 5s..1938 J-D
1951 M-S
102
97**’ *97*
1004100%
97
97
11341164
95
99%
6
90
20
71
109
85
79
111
85
See Erie
694
A-O
A-0
J-J
A-O
A-0
A-0
Leh A Hud R See Cent of N
Bell A Wilkesb See Cent of N
General gold 4s
Ferry
gold 44s
Gold 4s
Unified gold 4s
67 4
72
Mar’07
113
107*8 Feb’07
1104 Apr’07
112S 1U
107% 107%
11041104
1074 Mar’07
112 4 Nov’U5
10741074
95
112°8 Apr ’06
90*4 Jan’07
1024....
994
11378 Jan ’06
1064 Jan’06
964
96*4
M-S
J
J
...1938
1922
1932
1949
.1934
..1949
6s..1911
1st 5s
1911
N Y B A M B 1st con g 5s 1935
N Y A R B 1st g 5s
1927
NorSliB 1st con gguosol932
Louisiana A Ark 1st g 5s. 1927
on
18
05
Oct ’06
11 6
Oct *06
109 4 Oct ’99
Leroy A Caney Val See Mo P
Long Dock See Erie
lying Isl’d—1st con g 5a. A1931 Q-J
1st consol gold 4S......A.1931
Bklyn A Mont 1st g
r
rt
*
11141124 113
94
91
n
M-S
J-D
M-S
J-D
M-S
M-S
M-S
A-O
M-S
94
05
*
113
Mar*07
:::m **9*8*4
97*4
98
100
100*8
1104 Nov’06
105
105
Apr’07
109
Nov’06
103 4 Feb'07
954
94
10
*9*6** ‘99IS
*100* "ioP%
Mar’07
101
1144
*9*54*99""
96
Apr’07
102
Nov’06
99 4 Oct ’00
94 7b
94 4
110
J’ne’04
S-J
-8
105
1094
10341034
Next Page.
N
100
:08
14
954 J’ly'Ob.
94
139*4
100
ias
iob*
107 4
73 4
130
99
104
Gas and Electric Bight
Lac Gas Bof St B 1st g 5s.sl919 Q-F
Ref and ext 1st g 5s
1934 A-0
Milwaukee Gas B 1st 49..1927 M-N
Mar’07
132 4
64
.
106
63
116
99
,
1945
E1CAN 1st pf6a ,....1914
Gold guar 6s....
1914
BONl)s>—Continued
J-D
107 4
66
68
1314 Salo
0 0
....1951
Debenture gold 5s
Guar ref gold 4s
101
180
••
99
96
97 4,
Leh ANY 1st guar g 4s..1945
1154119
101
130
97
95 4
103
J-J
M-N
A-O
A-O
J-J
M-S
....
Purchase money 6s
Ed El 11 Bkn 1st con g 4s
1939
m
118
106 4
110
M-N
A-O
J -J
M-S
J-D
F A
FA
M-N
AO
A-O
1950
Registered
1294
lMiSOElJANKOUsi
Gas and Electric Bight
Atlanta G L Co 1st g 5s...1947
Bklyn U Gas 1st eon g 5s. 1945
Buffalo Gas 1st g 5s
1947
Consol Gas conv deb 6s....1909
Consurn Gas See P G & C Co
Detroit City Gas g 6s
192.3
Det Gas Co"con 1st g 6s...1918
Ed El ill Bkn See K (Jo E L<fc P
Ed E ill See N Y G & E Bll A P
1953
M-S
A-0
A-0
M-N
M-N
J-D
J-J
FA
F-A
J-J
J-J
Registered
1940
Lehigh Val (Pa)oons g48.2003
Leh V Ter Ry 1st gu g 6s. 1941
Registered
1941
Leh V Coal Oo 1st gu g 5s. 1933
i09
126
94 4
J-J •112
1064107
1084
North Ohio 1st gu g 5s..1945
L Sho A Mioh S See N Y Cent
Leh Val N Y 1st gu g 44s.1940 J-J
100*t100*8
...
054
1044
J-J
J-J
J-J
J-J
A-0
See St B A S F
KCAMKAB See St B A S F
Kan C A Pacilio See M K A T
Kan City Sou 1st gold 3s.. 1960
Registered.......
195U
Kentucky Cent See BAN
Keok A Des Mo See C R IAP
Knoxville A Ohio See So Ry
f ake Erie A W 1st g 5s..1937
1J 2d gold 5s.........
1941
...
-
954 Sale
954
IDS
K C Ft SAM
..M.
.
103
Mar’98
110
an A
1104H2
1*09
100
10441064
SeeToi
Kal A AMich
G R See
B SAAOMC S
11141114
Feb’07
127
164<4 Feh’06
117
1174
1164 Jan '0..
101
Mar*07
130
Mai’07
1194 122
914
Feb’06
04
Sale
3d gold 4s
Iowa Central 1st
Gold 4s
Jefferson RR
Jan’07
964 Sale
.
•
Mar’Ol
Memph Div 1st g4s...1951 J-D
4s
1931 M-S
Ind Bl A West See C C C A St L
Ind Ill A la 1st g 4s
1950 J-J
Lut A Great Nor lstg 6s..1919 M-N
2d gold 5s.....
1909 M-S
97*;
102 4102 4
1044105 4
5
1074 Jan’06
109
109
1084 Ang’OC
110 4 Oct ’06
lU07ft Feb’67
127
Mar’67
101*4
•
••
160
St B Sou 1st ru g
93*4
....
1134 1144Nor*06
M-N
AO
J-D
M-S
M-S
J-J
j. j
J-J
J-J
F-A
A-O
A-O
J-D
J • J
M-N
18
1114 Jan’07
112 4 Feb’06
A-O
M-N
M-S
M- S
1114
95 4109 4
95
110
74
87*4 Feb’07
97
Jnn’Oi!
85
Ill
last
Elgin Joi A East 1st g 5s. 1941
Elm Cort A No bee Leh A N Y
Kne 1st ext gold 4s
1947
Jan’07
Feb’(>7
alar’05
90
89
Detroit Southern—
Olno Sou Div 1st g 4s... 1941 IV1- s
Dul & iron Range 1st 5s.. 1937 A-O
1937
2*8 i
95
l>ec’05
Jar ’05
92
93
2d 6s
1916 j -j
Dul Short lane bee Nor Pac
Dul So Shore & Atl ir 5s.. 1937 j-j
1 109
100
76
80**
Utah Cent 1st gu g 4s al917
Des Moi A Ft D bee M 3c St i.
iDes Moi Un Ry 1st g 5s..1917 M-N
Det A Mack 1st lieu g 4s.1995 J-D
: Gold 4a
1995 J-D
......
•••
109
109
Sale
92
•
•••M
133 4 Dee’06
Sale
j-D
Sep *00
09
1314
95
103
•
1024 Aug’06
102
Feb’03
133
Feb’06
149
Aug’01
102
10314
1 22j4
121*4
12141214
....
111
87
Gold 34s
1951 J-J
Registered
1951 J-J
Spring Div 1st g 34a...1951 J-J
Western Lines 1st g 4s. .1951 F-A
Bellev A Car 1st 6s
1923 J-D
Carb A Shaw 1st g 4s...1932 M-S
Chic St L A N O g 6S...1951 J-D
Registered
1951 J-D
Gold 3 4«
1951 J-D
Registered
1951 J-D
-
....
J’ne’06
109
......
......
M-S
1916
Co
Registered
10141044
1014 Mar’07
84
A O
61952 J-J
BoutsvDivATerm g34a.l953
Middle Div reg 5s.......1921
Omaha Div 1st g 3s
1951
St Louis DlvA term g 3s. 1961
119
Apr’01
Dec’06
See So Pac
Registered
Cairo Bridge gold 4s
lt>14
1184
1204
117
105
110
84
bee dies
Registered......
MS
M-N
J-D
J-D
J .[)
J-J
F-A
M-M
105 4
110 4 112
84
b4
A-0
1st gold 34s
A-0
105 4
HU 4 Apr’o7
A pi’05
114
106 *4 Feb’06
J-J
J-J
11104 U04
105
1921 Q-J
Houst A Tex Cen See So Pac
95
72*4
914
....
Get ’06
117
J -D
Illinois
Central 1st g 4s..1951
Registered
1961
704
91*8
694
704
904 Sale
924-——
FA
Moms A Essex lst7s...1914
1st consol guar 7s
1915
Registered
...1915
1st ref gu g 3 4s
..2000
M Y Back AW 1st 6s... 1921
Construction 6s
1923
94 4
Apr’07
105
yy
bee St L S W
Houst E A W Tex
1044Nov’01
A.n
-j
*104 4
Ji
m.jjio’04 163*
105 4 Apr’07
116
A pi’06
Han A St Jo bee C B A Q
11841184
lm»>4 lice ’ill
100 -j Feb’07
Hi0K
108
106
ousatomc See N YN HAH
Hock Val Istconsol g44s.l999 J-J
Registered
1999 J-J
Col A H V 1st ext g 4s..1948 A-O
1955 F-A
Col A Tol 1st ex 4s
99
994
97 V)
99 4
•• •
•
108
110
Since
Hi ah Ao Low
Mar’07 ...108
ASK Low
115
1014
coll tr4s 1921 J-J
Gull A S I 1st ref A t g 6s
.1. t
dev <fc Marietta bee Penn RR
Ciev & Pitta bee Penn Co
Ool Midland 1st g 4b
1947 J-J
ITargo A So. bee Ch M A St P
r UhtA PereM bee Pere Mar
Penin See Sea Air Line
U D Co 1st g 4 48.1941
Den C 1st g 6s.... 1921
Rio Gr 1st g 4s... 1928
/ i al Har A S A
bee So Pac Co
'lalH&H of 18821st 5s. 1913
Georgia A Ala bee Sea A Bine
bee Sea A Line
Ga Car A Nor
Georgia Pacific bee So Ry
Gila V G A Nor See So Pac Co
Gouv & Oswegat bee N Y Cent
Grand Rap A Ind see Penn RR
98
97*8
....
1074 Dec r02
Ind Bl & W 1st pref 48.1940
O Ind A W 1st pf 5s...dl938
Peo<& East 1st con 4s...1940 A-O
Income 4s
1990 Apr
Registered
116*8 113
i
Jan ’07
83
104 4 Feb’07
88
.
k 1936 Q-F
Registered
162 4
97
M
Cin S & Cl con 1st g 5s. .1928
C C C Jb 1 consol 7s......1914 J-D
Consol sink fund 7s....1914 J-D
General consol gold 6s. 1934 J-J
10-yrconv deb 4s
234
January 1
105
Erie A Pitts
bee Penn Co
Evans A T H 1st cons 68.1921
1st general gold 5s
1942
Mt Vernon 1st gold 6s..1923
Suil Co Branch 1st g 5s. 1930
116-4,120 V
97*4 97*4
....
....
113
j-j
j-j
Colorado A Son 1st g 4s...1929
Reiund & ext 44* ......1935
Col urn A Green v bee So Ry
Col A Hock Val bee Hock val
Ool A Tol bee Hock Val
Col Conn <& Term bee N A W
Conn & Pas Rivs 1st g 48.1943
l\ak&GtSo toCM&StP
A/ alias & Waco bee MB AT
Del Back A Western 7s...1907
1314 1314
97 *e
97*8
977t
j -j
1934
102 *•
......
..
Range
100 ^
111
MidliRofNJ lstg 68.1910
Wilk A Ea 1st gu g 5s. 1942
flvA Ind 1st con pug 6s.. 1926
131
128
....
110*8 Apr’07
110*8
J-J
Olearheld <fe Mali bee B R <& I1
Ciev Cin C A St B gen g 4s 1993
Cairo Dlv 1st gold 4s....1939
Cin W A M Div 1st g 4s. 1991
St L Div 1st coi tr g 4s.. 1990
Registered..
1990
Spr A Col Div 1st g 4s.. 1940
W W Val Div 1st g 4s...1940
C 1 St 1, <fc C consol 6s.. 1920
1st gold 4s
/cl 936
Registered
106
J-J
Coupon oil
Registered
102
116=8 121
West Ind gen g6s<71932 Q-M
Consol 50 year 4s
195*2 J. J
Clue A W Mien bee Pere Mart)
Clioc U <fc GuLf bee C R l A P
CiuH&D 2d gold 4 4 s...1937
Gin D & i 1st gu g 5s... 1941
C Find A Ft W 1st uu 4s ir.’23
Cin l A W 1st !ru g 4s. 1953
Ind Dec A W 1st g os...1935
1st guar gold 5s
1935
bee C C C <fe St L
O I St B A V
Cin S & C bee C C C St L
.-
Feb’07
129*, Mar’64
llfi V Apr’07
97*4 Apr’u7
5s.1937
2d gold 4 4s
1V64':
General cold 5a
1940
Terminal 1st gold 5s...1943
Regis 85,000 each...1943
2
1294
Dec’63
Week's
Ramie or
Last sale
Rut
110
Erie—(Con)
High
....
1314
A-0
Chic<fc
May’6 6
105*8 Nov’dO
111
93
Low
ei Y Sus A W 1st ref
129 4
J-D
J-D
So
High
Ask Low
Bin
trice
LYiiiau
April 12
•
Cliio Rock i & Pac—(Con)
Clioo Ok. A G gen g 58 .ol919
Consol gold 5s
1952
Keok A i>*-s M 1st 5s
1929
Clue st L&.N'O jSee 111 Cent
Ohio St B A Pitts bee Penn Co
CMc St P M & O con 6s
1990
Cons 6s reduced to 3 48-1936
Ch St P A Mum lstg 6a 1918
Nor Wisconsin 1st 6s...1930
St P A S City 1st g 6s. ..1919
Chicago Ter Trans g 4s...194'.
Registered
855
New York Bond Record—Continued—Page 2
1907.]
YGEBH&Pg 5s.. .1948 J-D
Purchase money g 4s...1949 F-A
Ed El 111 1st oonv g 5s..1010 M-S
1st consol gold 5s
1995 J-J
N Y*yEl L<fcPl8tcong5sl930 F-A
N Y A Rich Gas 1st g 5s. 1921 M-N
Pat & Pas G A E con g 5s. 1949 M-S
Peo Gas A C 1st con g 6s. 1943 A-0
Refunding gold 5s
1947 M-S
CI1G-B& Ckel8tgug5s 1937 J-J
Con G Co oi Ch 1st gu g 5s.’36 J-D
Mu Fuel Gas 1st gu g 5s. 1947 M-N
Syracuse Lighting 1st g 5s.’51 J-D
Trenton G A El 1st g 5s..1949 M-S
Westchester Bight’g g 5s.l950 J-D
102^...
.
102
......
„
.
1024
102
914 Jan ’07
103
103 4 103
83 4
83 4 Hale
100
Sale 106
......
98 4
•.....
113
118
1024
Feb’07
163 4
83 4
106
1134 J’ne’06
99
Apr '07
103
Nov’05
104*4 Nor’05
119
Feb’07
1034 108 4 Mar’07
163
103
103 4 106
102
Jan ’07
i 06
103 4 Dee’05
102
103
1044
110
Mey’05
•
*934 95 1014 Feb’07
Feb dDoe Apr 4 Due May h Duo J’ly k Due Aug 0 Due Oet <7 Dae Dee
18 109
102
....
38
108**
102%
014 91%
994 108**
84 %
4
80
10
99
100
99
•9
r.
....
119
102
3 100
102
....
....
....
lit**
108%
108
108
1014102
iQBUoil
BONDS
N. Y. STOCK EXCH ANGE
WEEK Ejcdino APRIL. 12
Jtnti Perioa
Price
Bia
1
Week’s
bYidav
April 12
or
Last Sale
99*4
j-j
M-S
1074 Ang’00
.
31-N
108*4
97
A- O
110
J-D
M-N ‘107*4 109
J-J
.t
.
111
S & N Ala con gu g 5a..l93i
L& Jeff BdgeCo gu g 4a..194;
LNAA Cli See CI&L
M ahon CoiU
974
Mex Cent oonsol gold 4s..191]
121
12 L
120
72*2
95*2
97=8
112
80
92
112
115*4 Mar’05
May’OG
98*4
J-J
102 4 Sale
1023®
99
104
97*2 100=8
Apr’05
1027e
100*4 102 78
81
23
83
24
18
174
82*4 25
25*4 347
82
23*a
17*4
88
18*4
81
86
20*s
14*2
21
27*4
9ob8 J’ly ’01
105
T-D
125
J-D
J-D
A-O
J-D
M-N
M-S
J-J
Dea M & Ft I) 1st gu 4s...
Minn Un See St P M &M
Mo Kan & Tex 1st g 4s...1
May’00
130
•••••.
Jan’07
118*4 Mar’05
109 4 107 *2 Apr’07
89
93*e Feb’07
97
98
Apr’06
•
J-J
J-J
964
97*4
J-D
F-A
97
83 4
974
84
834
85
...
StL IrMJfc Sgen cong5sl931
Gen con stamp gtd s 5s 1931
Unified Jfc ref gold 4s..1929
Riv & G Div 1 st g 4s.. 1933
Verdi V U W 1st g 5s. 1926
Mob J «£ K C 1st cons g5s,1953
Mob As Ohio new gold 6s.. 1927
1st extension gold Gs../il927
General gold 4s
1938
Moutgoni Div 1st g 5s..1947
St L As Cairo coU g 4s..el930
1931
954
97\
83 7i
105
1174119
101*4 Sale
ioa
•
884
98
^„
99
93
93
96
no
96
......
101
110*2
109 *2 Mar’07
85*4
86*2
10
30
Apr’07
107*2 Apr’06
......
98
1’2‘i
122
89
99
107 4110
J-J
104
107
118
1197e
1004
98
93
105
90
98
06*4
10941094
80
85
884
92*4
1214 124
Dec’05
90*2
108*4 Mar’07
92*2 Aug’06
01
Nov’04
O- H1
102
104
104
Dec’00
122*4 _2234 Max’
•
99
101
101*4
110
117*4
109 4114
88
......
97
89
94
1084 1084
See Southern
SeeX YC<fc H
Mouongahela Riv See B As O
Mont Cent See St P M As M
Morgan’s La As T See S P Co
Morris As Essex See Del Life W
St List7s.1913
Nash
Chatcfcgold
1st consol
5s
1928
-
J-J
Registered
1997 J-J
Deben g 4s
1934 M-N
Lake Shore collg 3 4a...1998 F-A
Registered
1998 F-A
Mich Cent coll g 3 4s.... 1998 F-A
Registered
1998 F-A
Beech Creek 1st gug 4s. 1936 J-J
Registered
1936 J. J
2d gu gold 6a
1936 T J
Beech Cr Ext 1st g 3 4s 51951 A-O
11541164 117*8 Mar’07
1114
1164 117*g
1134 116
113*4 Mar’()7
119*4 Feb’00
117*4 Mar’06
1154
J’ly’04
32
102*4 Jan ’07
Sale
82
1024 1024
83
874
83
••••••
92*4 Sale
96
Salb
92*4
93*2
90
92 4
92 4
93*4
924
924
94
83
88 4
95*2
84*4 Sale
83 4
96*4
85 *2
84=s
83 Hi
83*4
83
Feb’07
84*4 Jan ’07
Feb’07
Mar‘04
84
844
£834
L00*4
81*4
83
84*4
103
99
87
874
844
1024
-—
Tenn Coal
g
5s
1944
uen 5s
1951
Tenn Div 1st g 6s
al917
Birm Div 1st consol Gs.,1917
Cali C 31 Co 1st gu g 6s. 1922
De Bar C A I Co gu g 6s. 1910
Valron Coal AColRt g 5s. 1949
Victor Fuel 1st s f 5s......1953
*No price
Friday; latest bid
F-A
F-A
......
......
M-N
••••**
••••
A-O
J-J
F-A
F-A
J-l»
J-J
J-J
J-J
J-J
A-0
J - J
J-D
F-A
M- 8
J -J
90
96
95
—
62 4 3aio
Mor* 07
....
64
95
87
1004
87
—---
79
50
107=8 Dec’04
May’97
704
107
......
106
1054 Dec’00
105
Oct’OO
78
Feb’07
944 95 4 04
96
104'4 106 4 Jan’07
105
Sale 105
105
102
Dec’03
100
100
Feb’07
90
90
Apr’07
93 *3 Feb’07
and asked.
137
......
......
94 4
95
aDueJan
b Due Feb
Low
HigK
974
....
974
....
•
111
111
101 *4 Dec’<U6
3 111
Nov’97
111
11)
Since
111
3 110*4 114
106 Q Oct ’05
95
Feb’07
95
Feb’07
122
Jau’06
....
95
95
91*4
927b
94*4
94
92
99 4
A-O
103 7t. Aug’06
93 ‘
93
92 4 Mar’(*7
96*4
13
....
97 4
32
""
......
125 4 Mar’06
1074 Nov’06
139
....
Jan’03
...
104
Dec’06
118*4 J’ly ’06
110
J’ue’OC
100*4 Jan ’07
......
100*4 100*4
....
1064 Nov’OO
94 4 Dec ’06
94 4 Jan’07
....
944
....
100^ Apr’07
102*4 31ar’07
102*4
103
LOi7® 102
944
100 4103 4
...
....
I02Q 102 4
21 102
105
28 1004103*4
:
124
Feb’06
16
96*4
97*4
1014 J’ue’06
104
130
1014
Sep ’06
-
Feb’07
1294130
130*4 Feb’06
1274 Oct ’06
97 4
9S*u
100
Fob’06
95
Mar’07
87
834
109 4 Feb’05
984
1014
102Q
100*8
704
39
10
6
71
Feb’07
T
96*4 Jau ’07
974 99\
96
984
100 4
7f
95
85
90*8
9L4
984
994
61 LOO
102*4
1
98 4102
36
69*4 744
71
71
.
.
_
....
95*4
95*4
...
120
132
113
Mar’07
120
120
J’lr’99
Mar’06
108*4 Feb’07
98 4 Oct ’(*6
93
May’Oti
i*os*4
108*4
....
113*4 Mar’07
.
_
_
.
9
^
113*4 113*4
Olnd A W See C C C A St L
liio Riv RR See Halt A O
Ore A Cal See So Pac Co
Ore RR A Nav See Un Pao
Ore Short Line te Un Pao
Oswego A Rome See N Y O
O O F A St P See CAN W
*
ac of Missouri
See Mo Pac
Panama 1st s fund g44s.. 1917
Penn RR let real est g 4s. 1923
Consol gold 5s
1919
Consol gold 4s
1943
Convertible g 3 4s.
1912
Convertible g 3 4s..
1915
Alleg Val gen gu g 4s...1942
D It R R A Bge 1st gu 4s g.’3G
Phiia Bal A W 1st g 4s..1943
8od Bay A So 1st g 5a...1924
Sun A Lewis 1st g 4s...1936
U N J RR A Can gen 43.1944
Penn Co—Guar 1st g 44s. 1921
J-D
A-O
M-N
M-S
M-N
31-N
J-1)
M-S
F-A
M-N
J-J
T-
107
Mar’07
101
103
101
J’ly ’06
103
101
95 4 Sale
,
924 Sale
97
974
Mar’07
L07
109
101
101
1114 Sep ’() i
106
Aug'03
95 4
96
146
91=8
92=8 371
’05
1U4Q Oct
1U7 4 Oct ’06
102
Jan’03
90*4 lOOQ
88 4 95
mm
....
1
M-S
J-J
1921 J-J
Registered
Guar 34s coll trust reg.1937 M-S
Guar 34s coll tr ser B...1941 F -A
Tr Co certif’s gu g 3 48.1916 M-N
Gu 3 4s tr ctfs C
194 2 J -D
Gu 3 4s tr ctfsD
1944 J-D
Guar 15-26 y. ar g 4a
1931 A-0
Cl A Mar 1st gu g 44s.. 1935 M-N
Cl A P gen gug 4 4s ser A.’42 J-J
Series B
1942 A-O
Series C 34s
1948 M-N
Series D 3 4a
1950 F-A
on
107
....
n
'*****
1104 Sep *’04
••••••
105 *4 1.05 *s 105 4 Apr’07
105*4 Feb’07
...
044
87 4
96
92
105*4 105*4
90 4 J’ne’OG
90
Oct ’06
954 Mar’07
89
Oct ’06
90 4 Mar’06
......
06
974 Jan ’07
110
106*4
Jau’06
974
90
tT,t,JtT
984 Dec’05
96
Jan ’04
90
Jan ’07
974
^
.,T
1034 Aug’03
105 4
954
(
.
t
,
i
....
......
Next Page
Telegraph and Telephone
87
Apr’07
1074 Oct ’04
1024 Apr’06
95
Apr’02
624
No
High
113*4 Jau ’02
.
ilIISCELX iNEOUS BONDS—Continued
Coni nud Jron
Col F A I Co gen s f g 5s..1943
Convertible deb g 6s....1911
Col Fuel Co gen gold 6s. 1919
Gr Riv Coal A C IstgGslOlO
Cleart Bit Coal lsts 14s...1940
Col Indn 1st A coll 5s gu..l934
Contiu’talC lsts r guos g.1952
Jell A Clear C A 11st g 5s.1926
,K&n A 11 C A C 1st a fg 6s. 1951
Pleas Val Coal lstgsf 6s. 1928
-
Range
January 1
97 4 Mar’07
105
Oct '02
101 4 J’ly ’06
9ff
J-J
93
Sale
J-D
J-D
Debenture g 4s
97
Sait
1928 M-S
Ka A&G R let gne Ss.1938 J-J
Mahon C’l RR 1st 5s..1934 J-J
Pitts As L Erie 2d g 5s.al92H A-0 103
Pitts McK & Y 1st gu 6s.1932 J-J
120
2d guar 6a
115
1934 _T .1
110
McKees As B V 1st g 6s 1918 J-J
Mich Cent 1st consol 6s.1909 M-S
1014
6s
112
1931 M. S
Registered
1931 Q-M
4s
09
1940 J-J
Registered
1940 J-J
JL&S 1st g 34s
1951 M-S
1st g 3 4s
1952 M-N
Bat C As Star 1st gug 3s. 1989 J-D
NYChicifc St L 1st g4s 1937 A-O ibo’4
Registered
1937 A-O
West Shore 1st 4s gu...2361 J-J
102*4 Sale
1014
2361 J-J
Registered
N Y As Greenw Lake See Erie
N Y & Har See N Y C & Hud
N Y Lack & W See D L As W
XYLE&W See Erie
N Y As Long Br See Cent of N J
New York New Hav & Hart—
Housatonic R con g 5s..1937 M-N
i‘15
N H As Derby con cy 5s. 1918 M-N
N Y As North See N Y C <fc H
N Y O & W ref 1st g 4s..^1992 MS
97
Regia 35,000 only
</1992 M-S
N Y & Put See N Y C & H
N Y & R B See Long Island
N Y S As VV See Erie
N Y Tex & M
See So Pac Co
•
Nor
102
South 1st g 5s
1941 M-N •
Norf As West gen g 6s
129
1931 M-N
Improvem’t As ext g 6s..1934 F-A 127*4
New River 1st g 6s
A-0
130Q
1932
N As W Ry 1st con g 4s.1996 A-O
98
Sale
96
Registered
1996 A-O
Div’l 1st 1 & gen g4s... 1944 J-J
95*4
Pocah C As C Joiut4s..l941 J-D
88 4 Sale
CCA T 1st gu g 5s
1922 J-J
Scio VANE 1st gn g 4s 1989 M-N
90
North Illinois See Chi A N W
North Ohio See L Erie A W
Nor Pac—Prior lien g 4s..1997 Q J
1014 Sale
100 4 Sale
Registered
1997 Q-J
General lien gold3s....a2047 Q-F
71
714
*
70
Registered
a2047 Q-F
St Paui-Dul Dlv g 48
1996 J -D
Dul Short L 1st gu 5s..l9ie M-S
99
CBAQcoUtr4s 6’eeGtNor
St P A N P gen g 6s....1923 F-A
Registered certifio’s..l923 O-F
St Paul A Dul 1st 5s....1931 £-a
109
2d 6a
110
1917 A-O
1st consol gold 48
1968 J-D
Wash Cent 1st g4s
90
1948 Q-M
Nor Pac Ter Co 1st g 6s.. 1933 J-J
111
Nor Ry Cal See So Pac
Nor Wis See C St P M A O
Nor A Mont See N Y Cent
Pac Coast Co 1st g 5s....1946
A-O
Jasper Branch 1st g 6s..1923 J-J
llcM M W As A1 1st 6a.. 1917 J-J
T&P Branch 1st 6s
1917 J “ J
Nash Flor As Slid See L 3b N
Natot Mex prior lien 4 ‘28.192(3 J-J
let consol 4s
1951 A-O
New H As D See N V N 11 3b H
N J June UK See N Y Cent
New As Cin Bdge See Lou & N
N 0 3b N K prior lien g 6s pl915 A-0
N Y Bkln & Man Bell See L l
N Y Cent <fc 11 Riv g 3 4s.1997 J-J
Sunday Oreex Co
F-A
M-N
J-J
J-J
J-J
J-J
or
Last Sale
Ask Loio
M-S
97*4
F-A
M-N
M-N
A-O
A-O
97
A-O
J-D •Ill
A-O
1104
Is
Range
1034
.
-
UL
94
9 101
6
80
89*2
98
Mar’07
Nov’06
Mar’06
92
30 100 4 105
Apr’07
85 4
118*2
106*4 107*4
115 4 1184 Mar’07
110*4
130
64
95
984
27
80*4 88
6 102
104
81
86
83
80 4
82
87
104 4 1044
95 4 95 4
1084 111 *s
118*4 Apr’07
101
101 *4
107 *2 Feb ’06
102
102
Sale
......
95*2 Feb’07
108*2
107
Feb’07
103
103 4
104
Mar’07
104
Apr ’07
108*2
Q..1
M-S
F-A
97
83 7®
104*2 Jan’07
108 4 Sale
100
103 4 Sale
104
103 4
130
118
105*2 110*2
97
Not’OI
81
Mar’07
85 4
80
85
85
80
Sale
M-N
Mo Pacific 1 at con g 6a
Trust gold 5s stamped.al917
97
103
104*4 105*4 1033s
M-S
J-J
A-0
F-A
A-0
M-N
M-S
J-D
M-S
M-N
M-S
M-S
F-A
M-S
M-N
F-A
J-D
J-J
F-A
J-J
A-0
A-0
J-J
M-N
M-S
J-J
J-D
Mar’07
111*® Oct ’05
118
M-N
let <fc refund 4s
Gen a f 4 4a
M & O coll 4s
Mohawk As Mai
2000
N Y <fc North 1st g 5s... 1927
N V As Pu 1st con gu g 4s 1993
Nor As Mout 1st gu g 5s.1916
Pine Croek reg guar 6s. 1932
R W&O con I8text5s./il922
OsWe As R 2d gu g 5s...el915
fiW&OTli 1st gu g 5s. 1918
Rutland 1st cou g 44s..1941
OgALCharn 1st gu4s gl94®
Rut-Canad 1 st gu g 4s. 1949
St Law As Adir 1st
g 5s.1996
2d gold 6s
1996
Utica & Blk Rlvgug48.1922
Lake Shore gold 34s....1997
1997
Registered
Bid
J-D
J-D
LXXXIV.
U eek’s
Friday
April 12
•-••••
Pacific Kx 1st gold 6a..
Gnarauteed g4s
JSice
-'Z
£ 3^
,
A-0
Mioh Cent See N Y Cent
Mid of N J
See Erie
Mil LSdt W See Chic &
MU & North See Ch M &
Minn & St L 1st gold 7s..
fiQ
[VOL.
3
^ K
X Y Cent & H It—^Continued >
Cartcfe Ad 1st gu g 4s... 1981
Gouv & Oswe 1st gu g 5s 1942
Mob As Mai 1st gu g 4s..1991
N J June R <ru 1st 4s...1986
N Y As Harlem g 34a.-.2000
Registered
120
72*2
Jan’07
98 \ 101
J-J
112
109.
98
112
1124 112
A-0
A-0
J’ly
J’ly
101
113*2 113*2
97
McK’pt «6BV See N Y Cent
Metropolitan El See Man Ry
1173^
87
80*4 Apr’07
1124 1134 Mar’07
1064
Sec L8&MS
11 5 *4
109
95
Jan ’07
724 Feb’07
110
J’ly ’06
1084 Jan ’06
95 4 Apt ’07
108
J’ly’06
\......
High
115
108
46
97
....
120
n
F-A
F-A
M-S
N. Y. STOCK EXCHANGE
Week Ending April 12
....
1004
10 L 4 J’ly ’00
107
Dec'05
Mar’07
109
95
Mar'07
112
Apr’07
Mar’05
109
121
Mar’07
122 4 Mar’07
M-S
J-J
Vf-S
J-J
F-A
BOND*
Since
January 1
115 U Mar’u7
Mar’07
108
......
M-S
M-S
Range,
High Ao Low
Ask Low
A-O
t
^ -0
Range
1124
111*4
99*4 Sale
J-D
M-N
J-J
J-J
Record—'Continued—Page
■
New York Bond
856
....
2
78
93
784
05
10641064
4
....
....
104 4 1064
100
loo
90
08
93 4 93 4
Am Telep & Tel coll tr 4s 1929
Comm Cablo Co 1st g 4s..2397
Met T & T 1st a f g 58
1918
Mich. State Telep. let 5a.1924
N Y As N J Tel gen g 6s..1920
West Union col tr cur 6s. 1938
Fd and real eat g 44s... 1950
Mot Un Tel s fund 6s...1911
Northw Tel gu f 44a g.,1934
J-J
Q.J
F-A
M-N
J-J
M-N
M-N
J-J
90
964 J’ne’06
M-N
......
1024
984 Sale
104
106
......
......
104
Feb’07
97
Feb’07
105 4 J’ly’03
102
Mar’07
98
9.8 4
104
Mar’07
103
J’ly’04
90
104*" ioT
....
*31
98
98
102
95
104
103
00
86
84
98
90
03
100*
104
....
Manufacturing A Industrial
Am Cot Oil ext 44a
Am Hide
L 1st a f g
Amer Ice Secur deb g
1915 Q-F
6s..1919 M-S
6a.. 1925 A-0
Spirits Mfg 1st g6s..1915 M-S
Am
Am Thread 1st col tr 4a...1919 J-J
Ain Tobacco 40-yr g 6a
1944 A-O
48
1951 F-A
cDaeMar d Due Apr
/iDue J’ly k Due Aug
0
01
87
914 Apr’07
Apr’07
Apr’07
Apr’07
88
87
80
84
98
....
01*4
89
98=8
102
924 93S 924 Mar’07
93
105*8 Sale 1054 106 4 437 104*4 110*
73 4 Sale
734
74=8 116j 714 T94
Da»9«t p Due Nov q Dae Dee * Option Sak
Ape. 13
857
New York Bond Record—Concluded—Page 4
1907.)
-0
«C
J'
N. y. STOCK EXCHANGE
Week Endiwo April 12
Penn Co—( Continued j
Erie cfc Pittsgug3Vs
B.1940
Gr Rdb I ex 1st gu g4 Vs 11141
Pitts Ft W db C 1st 7s...1912
2d7s
3d 7s
A1912
Pitts Ydb Ash 1st oou 68.1927
P C C cfe St L gu 4 Vs A... 1940
Senes B guar
1942
Series C guar.
1942
Series JD 4s guar
1945
Series
guar g....l949
Series F 4s guar
1953
C St Li db P 1st con g Ss.1932
Pensacola cfc Atl bee L <fc Nasli
Peo db East bee C C C db St L
Peo «fc Peg Un 1st g 6s....1921
2u gold 4 Vs
61921
**«
** K
J-J
J-J
Price
Friday
April 12
Range or
Bid
92
Last Sale
92
_
---
J-J
J -J
A-O
PereMarq—Clide W M 5s 1921
Hint db P M g Os
1920
1st consol gold 5s
1939
Pt Huron Div 1st g 6s. 1939
SagTusda H 1st gu g 4s. 1931
91
116
114
O. P
1997
Registered
J’ne’06
....
Mav’05
Oct. ’U6
....
......
......
......
......
-
..
.
Feb’07
.1 ’ne‘05
109 V 109 V
....
Feb’07
Mar’07
123 V Jan ’05
100*4 Dec ’05
106
M-N
J-D
A-O
IVt-N
A-O
F-A
98
100*4
91
9 L
110V
116
1997
Jersey Cent coil g 4s...1961
115’
....
115
115 V Mar’06
120
98
......
97 V Sale
J-J
J-J
A 0
93
Mar’06
j’ly’97
97V 165
97V
loo V J’ne’06
94
93
95
5
94*4
93V
92*4
96 V
Rensselaer db Sar bee JL> & H
Ricli & Han bee South Ry
Rioh <fr Meek bee Soutliern
^io Gr West bee Hen do Rio Gr
Booh cfc Pitts bee B R & P
Rome Wat db Og bee N Y Cent
Rutland bee is Y Cent
OHS Tus do H
bee Pere Marq
OtJodfcGr Isl 1st g 4s...l94<
bee Mob & Ohio
St L <fc Cairo
St L dk Iron Mount bee M P
bee Wabash
8t L K O cfc N
bee T RR A of St L
St Jl< M Br
St Louis db S an Franoisco—
General gold 6s
1931
General gold 6s
1931
St H do S F RR cons g 4s..’96
Sonthw Div 1st g 6s..1947
Reiunding g 4s
1951
g
4s.el933
Car Cent 1st con g 4s... 1949
Fla Cen <fc Pen 1st g 6s.1918
1st land gr ext g 6s...1930
1949
Mort guar gold 3 Vs..fcl929
Through St L 1st gu 4s ’54
Gal liar & S A 1st g Os..1910
Mex <fe Pac 1st g 5b....1931
Gila VG <te N Istgug5s.l924
Hons E <te W T 1st g 5s.1933
1st guar 5s red
1933
H cte T C 1st g 6s int gu.,1937
Consol g Os int guar...1912
Gen gold 4s int guar..1921
Waco cte N WdivlstgOs’30
A cte N W 1st gu g 6s....1941
123V
J-J
91
81V Sale
91
....
92V
•81V 81V
linn "»8*"
•
93 V Sale
83
70
78
123 V123 V
107
....
110V
91
....
119
81
Jan’07
81V
97 V Feb’07
86
93
77V
119
....
17
82V
94
18
80
76
80
70
2
119
78V
82*4
*97 V * 9*7 V
....
93V
102 V 105 V 105 V Jan ’07
131
Alar’07
129 V 131
Deo’06
134
108
Mar’07
107 V
110V Apr’01
107 V Mar’07
107
100 V
97 V 99 V 99
92
79 V
73
20
95
83
79
105V105V
181
....
...»
...
131
......
i*U8V
108
.
100 V107 V
2
97 V100V
....
100 V Oct ’Oe
98
lOOVDec’06
117V
127
124
May’05
130
13 L
136 V May’06
112
112
112
....
38
*130
13IV
1
112
112
April 12
April 12
Bia
Southern Pac Co—(Continued )
Morgan’s La db T 1st 7s. 1918
1st gold Os
1920
No of Cal guar g 5s
1938
Ore <fc Cal 1st guar g 5s. 1927
So P of Argu lstg 6s...cl909
1st guar g Os
cl9l0
So Pacific of Cal—
1st g Os series E cte
F...1912
1st gold Os
...1912
1st con guar g 5s
1937
S Pac of N Mex 1st g Os.. 1911
So Pac Coast 1st gu 4s g. 1937
Tex cfc N O Sa bH i v 1 s t g Os. 1912
Con gold 6k
1943
So Pac HK 1st ref 4s
1955
1994
5s
1994
Mob cfc Ohio coll tr g 4s.. 193^
Mem Hiv 1st g 4 4-58... 1990
St Louis div 1st g 4s
1951
Ala Cen R 1st g 6s
1918
Atl cfc Hanv 1st g 4s
1948
2d 4s
1948
Atl & Yad 1st g guar 4S.1949
Col cfe Greenv 1st Os
1910
K T Va cfe Ga Hiv g 6s.. 1930
Con 1st gold 5s
1950
E Ten reor lieu g 5s
1938
1940
Ga Midland 1st 3s
Ga Pac Ry 1st g Os......1922
Knox cfc Ohio 1st g tjs...1925
olobcfe Bir prior uen g5s 1945
A-O
j-j
A-O
J-J
J-J
J-J
97 V
M-S
M-S
M-N
Guar stamped
1930 M-N
W O cfc W 1st cy gu 4s..1924 F-A
West N C 1st con g 0s..1914 J-J
S cte N Ala bee L db N
Spok Fails cfc Nor 1st g 6s. 1939 J J
'I'er A of St L 1st g 4Vs.. 1939 A-O
X 1st con gold 6s
1894-1944 F-A
Gen refund s t g as
1953 J-J
St L A1 Bge Ter gu g 5s. 1930 A-O
Tex cfc N O bee So Pac Co
Tex cfc Pac 1st gold 5s
2000
2d gold ino 5s
02000
La Hiv B L 1st g 6s
1931
W Alin W db N W lstgu 5s ’30
Tol cfc O C 1st g 5s
1935
Western Hiv 1st g 5s...1935
General gold 5s
1935
Kan db M 1st gu g 4s....1990
Tol P cfc W 1st gold 48....1917
TolStLdh W pr lien g 3 *us. 1925
Feb’07
107V
107
Apr’07
1 IS V
102 V
114 V Dec’04
119
Jan *00
104
Mar’07
111
107
112
117
Ill
117 V
115
117
105
J-H
Ulster cfc Del 1st con g 5s 1928
era
74
Sale
99 V
967* Sale
109 V
100
110
100
100
M-N
1U9V
Mar’07
88
96V
97
Jan’07
Mar’07
96
98V P’eb’O'L
no
103
Mar’O?
109
Nov’OO
106 V J’ly ’00
105
102*4
lllViMUe
108 V
91
94
r,T
107 V
104
111V
74
97
88
82*4
100V
89
106
107 V
100
100
85
90
Jan’06
Dec ’06
83
•84
M-N
Marhto
Mar*07
90
99
F-A
J-D
A-O
F-A
26
1
75 V
98V
9jV
88
Jan ’07
96 V Mar’06
107 V Aug’06
74
87 V
87V
....
n
87
100 V 108*4
....
102
10
....
....
95
99
100V
99
82 V
80
98 V
98 V
105 V
103
Feb’05
Aug’00
3 109 V 111 V
111
112
111V
111H Jan ’07
93
Mai’07
Dec’00
116
109 V Feb’06
....
.
.
#
92 V
94V
.
103V104
..
107 V 107 V
....
48
33
90 V 95
108*4 113V
0
.
.
.
....
88
115
92
94
116
94 V
111
111
....
112V 113 V
1 no
117*4
110 v n 4
69 V
03
117 V 119 V
lo 110
118*4
....
....
Jan’07
117 V Mar’07
no
no
116 V Apr ’00
90 " < n't ’05
....
<
98 ~ Feb’05
lOO
Mar’07
112
Oct’00
108 V Dec'00
Dec’05
113
104 V
109
103
105
108
Ill
Ill
hiv ii3
....
106
114
110
108
110
109 V
96 V
109 V
Apr’07
Apr’07
115V 114
Jan’07
Jan’07
90‘4
80
83
87
85
85 V 86 V
80
80 V Sale
95
110
108 V 112
93
93
101
10 L V 3aie
100 V
100
98V Sale
L08
117
....
....
93 V
....
80
Mar’07
81
108 V
117
94
4 114
118V
1
Ill
Ill
102 V
102 V
97
2
3
90V
....
90*4
80
85
80
89
87 V
82
8
Dec’06
Mar’07
no
no
Sep ’00
LIS
102
99 V 102
98
101V
Apr’07
10
9SV
99
97V 99 V
... *>
....
117*4 Sale
112 V 113
93 V Sale
117*4
117*4
112
112 V
i 02
103 V Feb’07
J’ne’00
110
100*4
ill
94V 96V
109 V 109 V
....
117
06 100 V
110
109 vno
....
Nov’06
92
110
Mar’OO
100 V Nov’04
111
111
108V 111
M»y’04
102 V 102 V Mar’07
90V Sale
1
....
117
J’ly’00
108
Jan *07
117
Jan’07
93
V
Jan’07
95V
111
Dec’OG
103
112 V
1
117*4 126
114
94*4
87»* 87*4
103
103V
12 111
67 88
9314
87*4 Mar’07
93 V
....
....
»
......
1027e Feb’00
F-A
J-J
bee South Ry
68.2003 J-J
1939
....1939
Debenture Hemes A
1939
Certificates of deposit
..1939
Series B
Certificates of deposit....
1st lien equip s fd g 6s..1921
1st lien 50 yr g term 4s.1954
interim ctfs 5o-yr 4s
Het db Ch Ext 1st g os..1941
Hes Mom Hiv lstg 4s..1939
Om Hiv 1st g 3 Vs
1941
Toi db Ch Hiv 1st g 4s...1941
St Clias Bridge lHt g Os. 1908
Wab Pitts Term 1st g 4s.iy54
2d gold 4s
1954
bee Del Lac db West
WaiTen
Wash Cent bee Nor Pac
Wash O db W bee Southern
West Maryland 1st g 4s... 1952
Gen db conv g 4s
1952
W Va Cent cte P 1st g t>s 1911
West N Y db Pa 1st g 6s.. 1937
Gen
107
....
98
Sep ’06
Aio P
bee
Wabash
1stos...
gold os
2d gold
....
....
112*4 Jan ’06
Um N J RR cte C Co bee Pa Rli
Utah Central bee Rio Gr Wes
Utah db North bee Un Pacific
Utica cfc Black R bee N Y Cent
VI andalia
couhoI
g 4s ....1956
Cruz
dbPlstgu4
Vsl934
112
98
101
10 3 V103V
104 V 104*»
....
Feb’07
112 V 111*4 Mar’O
High
112
....
113V Mar’07
117V
1L7V
IIO-4 Mar’07
08
Low
...
.
107
107*, 107 V Feb ’07
104
Sep ’00
94
93 V 93 V 93
111
111V
111
Sale
114
Nov’OO
88 V
88
90 V
90 V
115
Mar’07
113 V
92
Mar’07
90*4 91V
Jan ’OO
113
108
91V 96 J’nc’OO
92
J’ue’OO
Mar
J-J
F-A
J-J
A-O
J-D
A-O
J-J
J-J
60-year gold 4s
1950 A-O
Tor 11am cfc Bull lstg 4s./il940 J-D
J-D
1st refund g 4s
1952 A-O
Un Pac RR & 1 gr g 4s ...1947 J-J
Registered
1947 J-J
Ore Ry «fc Nav con g 48.1946 J-D
Ore Short Line lstg6s.. 1922 F-A
1st consol g 5s
1946 J-J
Guar refund 4s
1929 J-D
Registered
1929 J-D
Utah cfc Nor 1st 7s
1908 J-J
Gold 6s
1926 J-J
Virginia Mid
S4
V Feb’07
\i-N
M-S
Va db Southw’t 1st gu
84 V
80
100 VFeb’07
110
Oct ’05
•85 V
103
Nov’OO
Feb
Mar’07
104 V
J-J
A-O
M-N
No
Sep’00
103 V
1945 J-j
Mortgage gold 4s
Since
127
110
112
iol
104
*
Range
January 1
Hiah
Lcno
Asfx
117
Ill
A-O
A-O
M-N
J-J
j. j
M-S
j -,)
J-J
J-J
j. j
M-S
J-J
J-J
J-J
J-J
J-J
A-O
J-J
J-J
M-N
M-S
A-O
J-J
J-J
J-J
Rich cfc Han con g Os.... 1915
Deb 5s stamped
1927
Rich cfc Aleck 1st g 4s... 1948
So Car <fc Ga 1st g 5s....1919
Virginia Mid ser C Os... 1910
....1921
series D 4-5s
Series E 5s
1920
General 5s
1930
Ver Vai ind cfc \V
115VI>ec’06
-
M-N
M-N
J-J
A-O
A-O
M-N
J-J
123 V Apr’07
108 V Apr’07
91
Feb’07
102 V Aug’05
81 "
81V
98
Nov’06
99
M-S
J -J
J J
J . J
J -J
J-J
lU9
J-J
J-J •106 V
1943
Consol gold 6s
Ga «fc Ala Ry 1st con 5s o 1945
Car
No
1st
Ga
<fc
gug5s 1929
seab do Boa 1st 5s
1920
Sher Shr cte 80 bee A1 K do T
Sil Sp Oca do G bee Atl Coast L
8o Car do Ga bee Southern
Soutti ei n Pacific Co—
Gold 4s (Cent Pac coll).fcl949 J-D
Registered
/cl 949 J -D
Cent Pac 1st rel gu g 4s 1949 F-A
Registered
92 V Feb’07
k
5^
Week’s
Range or
Last' Sale
Price
hYidaii
-
S4v F do West bee Atl Coast 1,
Scioto Val do N E Nee Norite W
Seaboard Air Line g 4s ...I960 A-O
Coll tr refund g 5s
1911 M-N
30-yrlst
92V
J-J
J-J
J-J
A-O
J-J
6-year gold notes 4V..190F J-D
StLM db So Eastgu4 Vgl909 J-l)
K C Ft S db M con g 0S..192*-. M-N
K C Ft S db M Ry ref g 4s 1939 A-O
KCdbM Rdb B 1st gn 6s. 1929
OzTk <fc Ch C 1st gu 5s g.1913 A-O
St Houis So
bee Illinois Cent
St L S W 1st g 4s hit ctfs.1989 M-N
2d g 4s inc bond ctfs...2)1989 J-J
Consol gold 4s
1932 J-D
Gray’sPtTerlstgng68 1947 J -D
St Paul do Bui 6'«Nor Pacific
8t Paul M cfc Man 2d 0S...19O9 A-O
1st consol gold 0s
1933 J-J
Registered
1933 J-J
Reduced to gold 4Vs..1933 J-J
1933 J-J
Registered
Dakota ext gold Gs
1910 M-N
Mont ext 1st gold 4s....1937 J-D
1937 J -1)
Registered
EMinn 1stdiv Istg6s..l908 A-O
Nor Hiv 1st gold 4s....1948 A-O
Minn Union 1st g Os....1922 J-J
Mont C 1st gu g Os
..1937 J-J
Registered
1937 J-J
1st guar gold 5s
1937 J-J
Wlll<te S F 1st gold 5a..1938 J-I)
8t P <fc Nor Pac bee Nor Pao
8t P do S’x City bee C St P M dbO
S A cfe A Pass 1st gu g 4s... 1943 J-J
tt Fe Pres do Ph lst g 6»... 1942 M-S
S F & N P 1st sink I g 5s.1919 J J
Atl-Birm
Week Ending
Registered
....
109
Apr’02
115
Jan’07
105
Nov’06
106 V Sep ’06
bee Penn RB
Philn dfc Reading cons 78.1911 J-D
Pitta Cm & St E See Penn Co
Pitts Cleve db Tol bee B db O
Pitta Ft VV cfc Cli bee Penn Co
Pitts McKees <fe Y <S'e«N Y Cen
Pitts Sh & L E 1st g 5s... 1940 A-Q
1st oousoi gold 6s
1943 J-J
Pitta db West bee B & O
|> eading Co gen g 4s
Hiah
92
V)
N. Y. STOCK EX CM A NO E
Southern—1st con g
Phil B cfe W
ll
No Low
6
92
Apr’04
BOND-*
January 1
98V Apr ’04
Sep ’00
127 V Oct ’02
I00V Mar’07
J-D
A-O
Since
1 OS
119
119
116
10 -v V
109 V
112 V
109*4
10G34
Ra nge
-
|1
High
93
Low
Ash
7 j
M-N
\ ,Q
A-O
M-N
M-N
F-A
i
Week's
gold 3-4s
Income 5s
West No Car
1943
<71943
M-N
F-A
110
114
111V Sale
101 V
J-J
j-J*
M-8
J-J
J-J
J-J
A-O
M-8
A-O
J-l)
J-D
A-O
A-O
J-J
J-J
A-O
Nov
bee South Ry
Wheei’g cfe L E 1st g 5s...1926 A-O
Wheel Hiv 1st gold 5s..1928 J-J
F-A
Exten cfe Imp gold 5s... 1..
RR 1st consol 4s
1949 M-S
J-J
20-year equip
98
Max’07
111V
H2V
101V
ioiv
95 Nov’OO
100
106
48 no
99
1
111V
114
101v
70 V
65 V
65 V 20 67
10
67 V 76
65
05
101
102
102
Mar’07
100
102
93
Mar’OO
64
1511
0L
03
63*4
62 V Sale
109
5 107
108V Sale 108 V
I08V
97
Nov’04
80
Feb’07
80 V
80V 80
Lec’OO
93
97*4
102
102
Jan’07
1.02
*2*7 69 V 80
73
71V
.73
32 V
20
Sale
24V
36V 33 20
65 V Sale
......
....
75
60
75
Sal*
......
7fl
66
Mar’07
106 V Aug’04
65
....
iliVMar’07
90
34
Feb’07
108
110
Deo’06
•86 V
105" i*m
82
80
s f 6s ...1922
Wilkes db East See Erie
db
Sioux
bee
Wli
F
St P M cfe M
Wis Cent 60-yr 1st gen 4s. 194 J-J
90
108
111V Ang’05
87 V Jan'07
102 V Hec’05
8T
Sale
87
87
99
Sale
99
99
10
1
74
55
ill V116 V
90
93 V
34
34
108
87 V
108
87 V
——
....
18
82 V
68
86
88
...
MISCELLANEOUS BONOS—Concluded.
[Unnufnciuriner cfc Industrial
Beth Steel 1st ext sf 5s.. 1926
Cent Leather 20-year g 5s.l925
Consol To Dacco50-yr g 4s. 1551
Distil Sec Cor conv 1 st g 5h.’27
Int Paper Co lsl con g Os. 19IS
Consol conv s t g 5s
1935
Int St Pump 10-yr conv. Os T3
Knicker ice (Chic) 1st g 5s.’28
Lackaw Steel 1st g 5s
1923
N at Starch Mfg Co 1st g Os 1920
Nat Starch Co s f deb 5s.. 1925
Bepnbl&S Istdb coltrSs. 1934
U s Heath Co a 1 deb gOs.,1913
U S Realty & I conv deb g5s’24
U S Steel Corp— 1 coup .<il963
Sf 10-00 yr 6s. } reg ..dl96S
Ya-Car Clieni col
5s
g..l912
Westinghouse Ecfc Ai sf 6s ’31
No
ir
Miscellaneous
J-J
A-O
F-A
A-O
F-A
J-J
J-J
A-O
A-O
M-N
J-J
A-O
M-N
J-J
M-N
M-N
A-O
J-J
96
70
Sale
84*4 Sale
104 V vale
89
Sale
100
Sale
96
87te
97 V
Sale
987a sale
95
94
99’*
93
89
72 V 79
82 V 90
1 103 V 108 V
89 V 92
24
97 V 100
2
83
73V 21
105
85
97 V
104V
90
100
97 V Oct ’05
95 V
96
82
Jan ’07
13
94V 102
82
82V
72V Nov’06
70
105
87
9<5
73 V
84 V
104V
89
Salt
97
96
S
90
90
106 V
104
104
Mar’07
87
96
87
88 V 63
93 V 99
99
646
98 V
c.
94 V 99 V
99V
90V
99
97
8
97
97
94 H 125
94
93V 97V
price Friday; latest bid and asked this week,
a Dae Jan
Adams Ex ooi tr g 4s
1948
Am Hk cfe Imp 5s
bee Cent N J
Am SS Coot W Va g 6s....1920
B’kl’n Ferry Co lstcons g 6s '48
Chic Jc cfc St Yard oolg5s.l915
l>et M cfe M Id gr incomes..1911
Hoboken Lcfc 1 gold 6s...1910
Mad Sq Garden lstg6s.. 1919
Man Bch H cfc Lgeu g 4s.. 1940
M-8
St J
oseph Stk Ydsl8t4Vs.l930
bDueFeb
70
41
1U1
70
Oct’00
50
Fob’02
M-N
*
93
*
Os.1931
d Hue Apr sDueMsy pDueJ’ne
Mar’07
Sep ’06
*93
*93**
99
May* 06
101
101
92
•»
00
0*
100V Sep’03
J-J
St L Ter Cnpples Stat’n cfe Prop
Co 1st g 4 Vs 5-20 year. .1917 J-D
S Yuba Wat Co con g 6s..1923 J-J
Sp Val Wat Works lstOs.1906 M-S
U 8 Red db Ref 1st s f g
100*4 J’no’02
M-N
F-A
J-J
A-O
M-N
M-N
Newp Ne Ship A H H 6s <il990 J-J
N Y Hock 50-yr 1st g 4s..1951 F-A
Provident Loan Soc4Vs.l921 M-8
98*4 103
93 V
112
JTy’04
113 V J’ly *08
90
Mar*07
ADueJTy
CHICAGO STOCK BSC 3 A 'TOO —Stock
Jleoorl-Daily. Weekly and Year!
SlOChk—HIGHEST AHD LOW LIST SALK PRICES
Saturday
April 6
190
*4
Id
20
*5
*16Hs
53 ‘a
84
24 8a
65
*42
*
•58
*
•2S
*
•
6
Monday
Tuesday
April 9
April S
190
200
5
16
*4
*15
20
*20
5 H
17
54
4
205
5
D<
*
84
*83
•25
*65
20
65
45
•
25
60
83
29
98
35
*
*4
2u
•4 Hi
17S
*
*84
-
*40
*
*.
*80
54
84
8434
l’.'3!
5
*15Ha
*
*
•SO
*30
99
34
G
6 4 7*s
26
66
34 Ha
29 Ha
*
5
5
29
98
.
*274
6
55
e4
55
131
127
*
Thursday
April 11
66
37
25
60
83
29
98
32
7
7 >4
5S34
71
105
74
104
38
*.
37 H2
•36
110
*106
53
*49
.
678
60
131
136
74
125**
*78
i
0434
Last Sale 38
..
Last
IO434
100
100
100
l.o west
Hiuhpst
100
...100
100
Amer Shipoldir
Do pref.
sal e\l 11
Sale 50
sale
65
Sale 16
sale 1
Sale 6
148
145
4 2
41
135
130
l!
145 150
......
2(
2,101
4U(
352
297
291
27 0
30
......
......
.....
450
23
i*^
-1
*1
14
6
*1
.
■
Highest
!‘200
*
Marl! • 205
,A|ir e ,:14<*
J3H
Sep
5
Jan 2i :
5
Dec
7 *i Jau
14
Feb2t
1 (5
A pi d !| 15
Dec
28:V Jan
15
5Iar]
40 4Jan 2 j 3934 J’ly
50
May
434 Mari:
'04 Apr H 1
4
J’ly
134 Feb
16 4 Jan 25
3 9 4 ,Jan 9 | 12 4X1 u
464
Mar
49
Mar 2 5 05
Jan 10 I 544 Jan
6 8 4 Fob
S3 ’ Mai 25 8 7
Jan 17
8
Get
934 Feb
24
Mar 1
28
Jail 21 1 25
Oct
30
J’ne
04
( 2
«I till 1 if
Apr 4
65 H Get
72 4 Nor
34 Hi Apr 1<
45
25
Mar
Apr 4
85
Mar
25
Jan 7 25 4 Jan 25
23 4 J’ly
28 4 Feb
69
Feb20 64 4 Jan J5
00
ALay 68 4 Mar
75
Marl 1
9o
Jau 4
89 4 Apr
99
J’na
28
Mai 25 34
Jan IS
27
May 3o34 Not
96 4 Feb 2 98
Jail 21
97
Dec 102
J’n®
20
Mar 19 35
28
Apr 3
Feb
Apr 60
4
JVI ar ! \
,
-
.
5,175
43i Jan 25
7
8,116
4834 Marl5
Apr 11
60
Apr 10
6
51
115
J’ne
117e J an
J’iy
72
Jan
Feb 130
Not
128 4 Dec 136
Jan
54
Jau
81
Not
101
Jan 112
Not
17
Feb
3 1 4De«
36
40
Jan
Feb
100
Get 1134 J’ht
55
Web
May 64
iGs'V May 175
May
16
Feb
1
Jan 9
1
Mar
1
Mar
0
Jan 9
0
Nov
7
J an
149
Apr 3 130
Fly 165- Feb
61
Feb 8
48 4 Dee
63
Feb
134 4 Apr 4 lol
Apr 139 Jan
108
Jan 3 103
May 118
Jan
126
Marl2 118
J’ne 147
Feb
63 4 Apr 8
414 Sep
Jan
714
Mar’07 Central Trust Bank.. 100
Mar’06 Chicago Auditorium..
l*e
14
Mar’u? Chic Brew’g &
1
*534
Jan 9
6
Mait'g
*57a
*67*
6
6
*57s
Jan ’07
Do jtref
*145
147
6
145
Jan 9
•143
145
145
145
145
*140
147
Chic
Edison
*42
45
100
2
Ox
*42
129
Mar21
43
*42Hs 43
42
42 Hj
42
4i Hi Clue
•130
135
190
PneumatioTool.
100
4o
*130
Marl5
124
131H •130
*130
134
•130
130
Chic Telephone
•104
104 H) •104
100
6 1154 Jan
2
104 Hi
104
ll'5
10434 104’<• 104*4
I0434 Chic Title & Trust...100
125
•124
207 1024 MarlO
125
125
125
125
12534
l:25Hi
125
125
4
1244
125
Diamond
52
Match......100
£i
361 119 4 Jan 24
53 i* 53 H?
5 J ‘4 63 \t
52 4 63 4
*52 4 53Q
53
-514
riiinois Brick
100
246 4434Feb 1
Last Salt 314
Nov’05 Knickerbocker Ice...100
Last Salt 80
Feb’06
Do pref
.100
Last Sale 4\
Jan ’07 Masonic
Temple
4538 Jan 81 46 Jan 11
Last Sale 24
Jan’07 Mil <fe Chic
2 4 Jan 23
Brew’g
2 4 Jan 23
Last Sale 27
Mar’07
Do
pref
25
77A. 78
Feb 6
77*4 773<
77 ‘a 78
27
Mar 4
78
78
777s
77\
7734
7734
National
Biscuit
•113
100
615
113H» 113Hj 113Hi *113 114
764 Mar29 86 Jau 14
1134 1134 113 113
1139»
Do
113*4
•72
pref
100
158
112
73
73
72
Mar2o 11734 Jan 7
72
75
76
*76
77
•75
77
•
National Carbon
•
100
110
335 71
Mar 2 9 84 4 Jan 11
10784 108
107
107
110
*T07
110
109
110‘s
Do pref
100
150 107
Apr
9 120 Jan 17
Last Salt
May’05 Page Wo Wire Fenoe..
Last Sale 99 4
•”
J’ly’06
People’s
Gas
LA
O’kelOO
•mi” **6o**
"5*6** *!”’” *60*’ ♦irr.ii *6*6* Last Sale 54
Mar’07 Sears Boebuok com. 100
•90
92
*90
53
90 7e 91
Mails 67
92
Jan 10
90
90
90
90
90
90
Do
105 ^ 10534
196 90
pref
100
10534 1057e 1U5 ‘a 1057^ 105 4106 4
Jan 25
Apr 1 95
106
106
10534
IO534
Swift A Co
-•IS 4
138
100
•135
138
133
1,840
1014
Marl
5
135 Ha *135
1134 Jan 16
138
* 138
138
134
134
The Quaker Oats Co.iOO
100
100
203 l33
100
100
Feb 7
994 99 Ha
Apr 9 149
93 4 994
99 4 99 4
99 4
99
Hj
Do
2
2
100
63
pref
98 4 Apr It IU234 Jan 16
2
2 »4
2^4
2 ‘4
24
2
24
2Q
2 4 Unit’d Box Bd A P ColOO
24
1
11*4 12
12
Jan 2
5,510
1234
24 Apr 8
12«* 12
12
124 124
12
1234
121*
Do pref
100 6,003
6
27*4 271*
Jan 2 1234 Apr 8
27*4 27*4 *27
28
2*264 28
•264 28
274
27s4 Western stone
100
65
25
Mar2o 30
Feb 14
*i
1
Lowest
180 129
Jan 7 133
Feb 21
26 122 4 Mar28 129
Feb 25
421
d3
Mari’O 80 4 Jan 14
100 101 4 A pr 10 lot*
Jan 7
30
Jan 2 4 0
Mar 2 8
30'4 a pi 1 38 4 Feb 1
107
Jau 22 111
Feb 8
50
Alar13
54
.lan sj
165
Feb27 165
Feb27
Apr’Oi Amer Straw Board....
Apr’07 Booth (A) & Co
100
Feb ’o7
Do pref
100
Apr'07 Cal & Chic Canal & D100
Sale\36 hi
Last
Last
Last
Last
Last
Last
American Can
Do
pref...
Ainer Radiator
Do
pref
Range /or Previous
Year(1906)
1
.Miscellaneous
7
59
130
127
75
58
130
127
•72
Tear
/or
19<>7
share)-
•
185
180
Chic City tiy
100
Last Sale 1
Mar'07 Chic <Sc Oak Park
100
*13 4 164 *13 4
Id
Do
pret
100
20
20
2o
2(P4
Chicago Subway
100
*4 Ha
5
4 7<- Chic Union Tract
47g
loo
Last Sale l?78
l)o
Apr’o7
pref
100
•53
64
544
54
Kan a City Ry <Ss Lt ..100
84
84
•84
85
Do ,pref
100
25
26
*24
20
Metropol W S EIev.,100
60
66
*05
67
Do
pref
100
*36
40
*34
37
North Chio Street....100
Last Sale 25
Jan ’07 Northwestern Eley.,100
Last sale 60
Feb’06
Do
pref
100
Last sale S3
Apr’07 South Side Elev
100
•28
29
29
29
Streets W Stable C L 100
*96
98
>96
9-<
Do
prel
100
Last Sale 35
Apr’07 West Chic street
100
74
60
131
127
4 7 4 >4
Hj 104 Ha
38
37 Hi
110
63
Range
Sales
the
ot
uuiit-onriM
j
*
127
STOCKS
CHICAGO STOCK
exchange
Friday
April 12
185
16 Ha
20
5
16 H.
54
17
54 x4
*28 Ha
*
G
5s4
64 v
5434
*
130
130
130
•
136
•125
136
127
70 G 70 H7 D H? 70 H,
71 Ha
•103 Hj 104 *•„ *lu4
105
•104
•
40
-35
39
*33
•86
37 H
*36
37H *36
*100
110
*100
110
*100
*50
53
*48
53
48
54^
*4
*14
26
67
42
25
60
S3
*
83
29
98
85
5
17
84H
*
25
00
200
20 Hi
*10
^5
*80
29
93
*
*131}
17 H. I
54 *4
20
67
42
*
6
64 H
•200
17
20
•17
Wtdnes&ay
April 10
......
—
$eb
79 7e
40 “May
—-
—
Last
Last
Last
Last
—
......
......
Sale
Sale
Sals
Sale
CHICAGO STOCK EXCH’GK
Wkkk Ekdlng APkEL 12
t? 0
Price
Jan’07 Bingham Con Mining
No* ’06 Biack Mountain
10
194
Mar’07 Daly-West
Not’06 Hubbard-Elliott
4
Bid.
100
100
/il926iA-Ci 100
19*28!J-J'l
1925 Feb
Extension y 4s
Norm Clue St 1st 6e
1st 6s
Eelunauig y 4 *vs
No Clue City K) 4
M Will West'n Ei—
87
79
102
6s
J946jM-K
M-S
M.-N
....
Oouao. y os
West Div City By 4
Western fetus* Gu o*
!M-F
A
90®b Sale
93H
......
55
65
90
90 4
82 4
r4
80
Dec'06
97
28
99
wi N!
M S1
F-A;
J - D
.1930 M N:
75
96
76
4s..1082; J - J
1909 A O
!
,
Kvk. —Acci utoC internet jjuus t be added
904
98 4
97
G
..(
....
5
77
81°b
6 100
1024
....
..
98
98 \
90
934
90
80
904
to all
99
Mar'07
Get ’06
99
4 Sep'Oo
118
JOi
Not *06
103 4
....
}'H
7o
85
6s
(jaisago
be
300,000
1,000,000
89*4
904
92
96
97
97
....
101
1
**.
0
....
102 4
98
100 4
J00
102 4
98 4 99
68
86
86
70
78
-av..
76
....
^
.
t
War
....
nd
8
444 Feb
144 Mar
20^ Not
4«b Oct
5
8
6
12
....
12
10
Bri
6
1H 1,7
v
10
’*3
,
_
%
Q-J Apr ’07, 9
Q-J Apr ’07, 2
Q-J Apr ’07. l<a
Q-J Apr ’07, 9
Q-J Apr ’07, lfc
Q-J Apr ’07, p
Q-J Apr '07, IQ
16. 190f
Apr '07, 9
Apr ’07, l<a
Get
Apr ’07.
’07, Q*a
Q-J Apr ’07, 9
F-A l<cb
.
Q^F Feb***’6*7‘‘*f"
Jan ’07, 4>«
Q-J Apr ’07, 2
Began bn.sin ess Feb 6, 1907
i j f-cj
12+3 G-J Apr '07. 3
....
7,7-11
Last Paid
Q-J Apr ’07, *
J-J Geo ’00, 6
J-J Jan ’07, »
0
8
8
buHin eae
12
Q-J
10 + 10 Q-J
ato Ra 11k
6
Q-J
a
35
Record
Per
tod
8
10
12
....
0
0
Regan
bualn
$8.«9l
6
33,75 1
04,05'J
65,901
0
6
6
*113*8
8
Began
\
Grga
200,000
None
ess
.
.
Q-J Apr
^
'07.
57
July 3, 1909
Apr ’07. 1%
.
Regan May 1, i
0
8
8, 1906
12, 1906
Q-J Apr '07, a
8
.
Dec
Q-J Apr '07. 1%
Q-J Apr ’07, l«a
buain e«s
5
Q-J
nizod Get
8
‘None
....
M
90 6.
Q-J Apr ’07, 1%
O-J Apr ’07. t
Qm Apr ’07, 1%
'2,164,8(18
8
$969,1 1 :i
6 4
7
Hi 8 7,653
$7,4
600,000
639.6
6*1*6 *16* Q-J A*p*r* ’6*7*,* *i<
0
200,000
70,03 j
d
Q-J Apr *07, 1%
2,000,000
863,892
1,260,000
ess
258,122 Began bnstn
Feb 4.**1*9*07"
4.600 000 7,010,.Hie 12B4 12 + 4
Feb '07, 1
II
200,000
$33,981
Jan
’07, 1%
<4 20,673
200,000
Grga Hired Nov 18. 1006.
3,000,000 4,1 l (i,036
12
12
G-J Apr ‘07. t
750,000
6
(5
328.7 16
Q-J Apr *07, IQ
8
1,600,000 $1,796,669
H
Q-J Apr ’07. t
20 ),000
$3 J,23i>
Orga nixed J'ly 28, 1000
*200,000
$48,620
if 200,000
254.002 *8*
Q-J Apr *07;‘if*
500,000
0
8
$569,030
Q F hob ’07, 1
200,000
luoor
$5,421
porate d M aroh, 1MI
1,000,000
838,992
i/M >0,000
tt
288,700
fl+"l Q-J
200J) 00
$19,263 Hagan bus! u sue asp 9, 1909
200,000
$34,012
d
Q-J Apr ‘07. 1%
2,000,000
600.000
60,000
lo IO14 104 4
101
102
•
14 4 Mar
3 4 J’ly
1906
6
260,000
200,000
3,000,000
n
„
....
Not’<>4
‘u Sup ’06
72 4 Dec’06
76
76 4
87
Dec'00
90 4 JiUi ’00
j
....
....
io3«*
70
A pi 0 7
200.000
....
Apr'0 7
99
99**,
100*4
1004
9 -s 4 Apr0)7
60,000
100,000
250,<100
4500,000
260,000
Railway Exchange....
85
....
101
Mar’07
103 4 Feb't/e
2934 J’ne
74 J’ly
in
10
12
8
6
12
6
8
Regan
1,000,000
200,000
....
23
Pro /list
2,000,000
1.500,000
Prairie State
...
90«*
Mar'o7
93 4 May
634 Deo
92 4 Nov
99
Sep
1014 Jan 119 4 Sep
115
May 152 4 Jan
99 4 Dec 106*4 Feb
34 Dec
24 Jan
5 4 Dec
174 Jan
28
Dec
42
Mnr
Dividend
In
1905
$2,000,000 $1,240,475
100,000
$32,9 6<
Nat Bank of Kepublio
National City
National Live Stock...
North Ave State
North hide State Sav..
....
23
7
Aug’06
Feb'07
Jan 22
...
Loo 4ioi
....
100-j Mar’OO
M-S *101
J-J ' 1 u 3 4 ftale
J O
101
Mb'
J-J
98S 09
J-J( J 00 -4 10 1
A O 4
99
,
914 Feb’07
18
Msy’06
......
20
3
‘
Chicago City
600,000
Commercial National.. 02,000,000
Continental National.. 4,000.000
Cook Co State Havings
50,000
Corn Exchange Nat...
3,000,000
Drexel Stale
200,000
Drovers Dep National
600,000
Englewood state
200,000
Federal National...
600,000
First National
8,000,000
First Nat Englewood..
100,000
Foreman BrosB’k'gCo
500,000
Fort Dearborn Nat....
1,000,000
Hamilton National....
500,000
Hibernian B’k’g Ass’n 1,000,000
Kaspar btate Bank....
200,000
.vlouroe National
SI00,000
AlutuaJ Bank
260,000
.
....
ing
Bankert National
....
100 4
102
Dec V C
90
98
Jan’07
76
93
Feb’06
79 4
794
79
Nov’04
80
Apr’91
79
1910: J-D
A’40s
4*00s Eeries E
4’ftOfc fteri.es ¥
people t Gas E& C 1 etOs.i94 3
beiujuoijeg k 6s
J947
Oluc G as Jut A C i »t 6s.. J 93 7
Consumer s’ G a* J st 6s.. 19.50
lid otuai Futi Gas j. si Lt. 1947
.J&ouUi ftidfc
4 4*
19x4
Jfcwrlt A Co 1st g 6s
1914
Union El fEoop) 6fe
1946
Vummj Bacilic sonv 4s
J9ji
t'giW: Box Board Os
fVftdUCbic ftl 1 ei 6s
1928
Tuhnei 1st 5s
1902
DcbeiU Us
1914
,
90S
1909 J
1911; M-S
Apr'04
Apr’07
1834 Jan
Outstand¬
Calumet National
1014 102
..
....
994 Not'06
90 Hi Sale
84
bale
193ft! J
.
32 4 Jan 24
......
*
100
....
191o J
1931 A
4fe ...x92? ti-N
1st 4s
Ogden Gas 6s
Peaisons-Tait
1928 F
Mar'06
20
High
98
"*T.lw
let 4fc
....
....
1004 Nor’06
100 7e ' 100 4
KXI’s
100
964 Jau ’06
-
Income 5s
Jtetr W Sice Ei—
......
......
Stockt
'
1929 A-Oj
Clue No shine Elec Os
1912 A-0
due 4 1D Klee Ky 5s
1919 J - J
due Bn eum Tooi—
1st 5t
al921 J -J
78
Clue Buck I <* Pac P.K 4s.2002 A N
Coiiat Trust g 6s
1918 M.-S
Oummonweasin' Eieci—
6e
61948 Jtf-S
101
Tliinoi* Tunnel 5s
i 92Si J D
Hjlus City By A El Co 6e.l913 V.-N t
JLiuCKert/ cker Joe 1st 5*.192$ A-0<
Indie street Ei—
l»l 5fc
_
Ho. Lov>
100
2/10^07
324 Jan 24
......
NAME
for year
1907
<
lOli, Mar’07
101
103
66
5«...1929jF-A|
..
^
High
......
j
lstgo-idOto
Ask Lo\o
Range
Jl
or
Last Sale
50
884 riy
50
Aug
Chicago Banks and Trust Companies
.
Range
April 12
Biscuit 6s
1910 F-A
Jsmtr fetrawboarc 1st6s..1911 J-J
Are A ¥ G (St L)—
6s
1912'J - J
Chic Board or Trade 4s ...1927! J-Di
Clue Consoi Br A Mit Ob
'J-J;
due Consol Trac 4■‘as
1939! J-Di
Clue Edison—
Debent o«
1913; J-J
Clue Auditorium 1st
Clue Dock Co 1 si 4»
Week’s
Friday
...
Minina
32t%
Chicago Bond Record
BONDS
......
134 May
21
J’ne
02
May
113 4 Jan
78
Jan
112
Dec
80
Feb
48
Sep
2 4 Feb
23
Mar
79 4 Dea
119
OSS
95
Mar
1224 Mar
-
pries «.
J1A
vxcAkrCk
Mai
wt
U J. w)Uj Kti.ru pMjrmwnU ($ F.
t Incla«lft*i special diridwud of
23, *o7 loi fels-Uj nusUtutiuns except
Uis% i>al<l Doc. 18, 1900.
t Mai oh 22, <) /for NatU>u*l Baak*
lEose d- tcgnaled by ($> wbloh are 0/ <iate Jan.
20 ami Jan. 28, rrapsol) vely.
t Kw prxoe kmajuy isuawt prais
* hid andask»«l prua»s; no •*!«•<
Ua« week,
-x i>«l« ix«*
21.
b Due J 11 he.
4«ii0 vf 30 per cent
cCapital innreaa«vl Jau. 1. 190/ from $3o0,000, a nash dlvt*
being declared aud to b« Lujuju um part payment tor new
stock.
A Due July,
9&*s p, c. being declared In part payment Uierefw.
k Capital to be increased to fouo.ooo, a stock dividend of
n^Japitai aud surplus Uv be increased. oOapital lu 01 eased to
$3,000^)00. sUapltai to be increased to
ch
eiMitds «ti Uus <n*y.
$3OO,O0(JU
Ape. 13
Tele*r * Telephone
Volume ol Business at Stock Exogauges
!IGoid * Stock
Stocks
Railroad Ac
Bonds
April 12
lyo?
fimtn
Bar value
Shares
$51,101,300
71,338,275
590,113
rrt*j
825,8*4
Monday'
896,644
100.196.GOO
76.103,700
89,909,150
773,521
66,622,100
1,109,820
379,737
Tuesday
Wednesday
Thursday
Friday
335.9UO
384,000
167,000
217,000
223,000
Ferry C
Stocks—N o. shares
Par vaiue
Bank shares, par..
1906
1907
88,740,002
82,068,484
4,081,750
$465,271,125 $362,934,500 $7,001,744,960 $8,016,194,600
$220,100
$30,500
$125,500
$2,500
5.075.719
BOKD6
Bovemment bonds
State bonds
KB. and mis. bonds
$1,424,400
8,773.000
$10,000
1,912,500
13.191,500
143.196.500
$617,400
31.639,050
215,059,100
Total bonds....
$10,197,400
$16,114,000
$161,’2dl,900
$247,315,550
$243,000
17.822,400
DAILY TRANSACTIONS AT THE BOSTON
EXCHANGES
April 12
1901
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Total
..
AND PHILADELPHIA
Listed
Unlisted
shares
shares
Bond
sales
$9,000
15,676
21,000
29,0 :0
22,000
31,000
15.500
30,713
26.495
16.564
21,482
28,416
17,436
21,0 71
18,879
16,333
14,75 1
lb,645
161,132
106,115
$117,500
133,67 6
$26,625
29,029
23,797
30,124
23,141
Bond
sales
Unlisted
shares
Listed
shares
$78,000
6,269
10.723
23,807
75,000
6i,10o
63.900
15.144
22,756
21,634
86.900
15,228
79,015
9
8,8051
$44 7,915
Outside Securities
A
We.ek.lv Review o•
Outside Market will be found on a precedina page.
Street Railways
Bid
Street
Ask
NKW YOUK CITY
Bleeck 81A Ful F stk 100
1ll8tmort4s lo5U ..J-J
\ B’y A 7th Ave stk ..loo
IlSdinorl 5s 1914...J-J
Con 5s 1943 See j-tock
B’waySurl lstusgu 1924
JjCent’l Crosst’n stk..loo
Ijlst M Gs 1922 .,.31-N
ACenPkN A E R stk.100
flOlir’tT A loth 8t stk 100
Qol* 9tli Ave 5s .bee block
Dry D E B A B—
lilst gold 5s 1932...J-D
flberip 5s 1914
F-A
27
85
29
220
235
104
list
105
300
115
100
Exch
loo
250
108
175
150
Exch
10G
Bid
Pub Serv Corp N J (Con)
J C Hob * Paterson loo
90
Ask
....J-J
1028
Ext os 1024
M-N
Pat City eon Os ’31.J-D
2d Gs
1014 opt A-O
So Side El (Clue)
See C
os
170
i
67 Sj
108
68 Si
110
y8
102
tfloo
4110
5100
hicago list
4104'
106
.
-
OTHKK CITlKs
Brooklyn City stock... 10
Con os
see btock Exch
B kin Cross tn os 1908.J-J
Bku Hgls 1st os
1941 A-U
brebtk
BklynRapTruu .seebtk
11K»
^JConey Is. vt Bklyn
BklncjCoAbub
..
lal cutis g 4s 1'948..J-J
Brk C A -3 ;>8 1939.J J
Or*pt ALoruner bt 1st Gs
Kings C. El—4s See block
Nassau Elec pier
100
6s 1944
A-U
see bt
1st 4s Pool
N W b’g A Flul 1 si ex 4 Sis
Bteinway 1st Gs 1922.J J
UTII h. K (U l llCs
Budalo street By—
1st consol 5s 1931.
Deb Gs 1917
.
F-A
A.U
200
Aiuer Light
Preferred
210
list
Binghamton Gas
04
1038 4
Gs 1000 oouv’07...M-S 110
5
Iu5
Buffalo City GaastocklOU
Exch
list
1st os 1047
See Stock
usl
Con Gas ol N J 5s *3G J -J 4 eO
200
Consumers' L H 3b Pow —
Sb
92
os 1938...
J-D 4102
10*
Elizabeth Gas Lt Co.. 100 275
118
102
Essex A Hudson Gas 100
Exch lust
46
Fort Wayne Os 1025..J-J
52
155
75
Gas* El Bergen Co.. 100
104
1,Ur Rap G 1st 5s’15 F-A 7102
E.\r h list Hudson Co Gas
k
10O 107
99
IndiauuNatA llluas—
15
1 i 2
1st Gs 100S
M-N
J108
55
iudmuapolis Gas
50
1st c 5s 1052
A-U 7 93
no
4 107
Jfcckson Gas 5s g '37. A-O 7 95
50
Kansas City Gas
7105
100
66
84
IOO
lucat:
0
.see * ’
IflamiHV si 5s 1930..JAJ 7109
1*1111* Bos 1st 5s ’24 J-D 7 103
26 «v
jJNew Oi l Rys A Lgt. Um
Preferred
100 X 7 i Sj
btk
E
see
IlGen 31 g 4 K»s ‘35
North Clue btreol see 1 htoage
90
Pub Hei v Col p ol N J l('i>
64
Tr ells 2'*,, to Gl‘0 lieipet
Coll 6s g notes’oil M-N 7 p’JS
4\>
North Jersey bt Ry loo
Is! 4s 1946
M N 7 71
7 ’J
OousTiae of N J...I00
1st 5h 1933
J-D 7103 s.
New’k Pas lty 6s’30J-J i 10G
Rapid Tran St Ry,.100 2 3 5
lsl 5s 1921.
A ll 7 105
Id
100
120
7
list
02
1, Preferred
list
Ills.
io?
U>* ludC Nat * 111
Usl
Ml
00
4
J
1
105
D'7
1 $4 4$
50
56
lo3
j
g
t KlUgsCo El 1-* P v o 1 00 {
! Nai ragan tProv i El Co 5(
El L* PowCoUH
NY*
Picurred
uileo Electricol
4s 1040
i^aiepn. e.
s J
100
UH»
P
J
a
8
’ iO.M-> 4
100
9
49
50
So
67
5s
95
72
101
^Preferred
97 S
9 7‘4
j
j
9b Si
99'-*
73
80
97=8
97^
95^
Lake Sh&M So 5s’lo F-A
99
Lou * Nash g os ’ lO.M-S
Mich Centos 1910
F-A'4 99
Minn A StLg5s’11.. F-A 4 97
Mo Pac os Foo 10 ’08. F-A 4 99
Nat of Mex oa’oT.opi A-O 4 98-4
N Y" Cent 5s 19i0
F-A 4 <t,'i
Penn Co gu 4 b.8 lou7 M-N 4 99 h
Pa RR 5s Mar io ’10.M-> 4 99
StL* SF g4Vo8...J-D!4 95->4
South’n coll tr os ’09. A-O 4 96 S
South By g 5s 19.10.. F-A 4 957e
Tidewater cou CoGsl9oy!4 99
U S Rubbergos'08..M S!] 98 S
Westmgh El* M 5s.i907j4 90S
Wheel’g * L E os 'OS-F-A 4 96*4
93 S
99 Vi
8,;
ll!
99
h!
99
^ international Silver,
99\:i
99
Chic Peo * St L pref.100
i
Deposited stock
..I
1.
1
99>
96*4
9 7 *4
^
99-S.
98^4
9934
97 s
Co.-j
lli.C.stk.tr.cfs.ser.A'52;
65
lo
ludusiriai and Jliscei
Ahmeek
Mining
Alliance
Realty
Chicle
Preferred
Americau
Am
btoc!
see
Co..lOOj
...looi
Graphopho com..loo
ioo-j
toe;
Am MaluugGs 1914.J-D
Aiuer Press Assoc’n.ioo!
Am Soda Foun com..looi
1st preferred..
looj
looj
preferred
-9
35
.0
103
90
list
120
_
60
12 1
09
0
80
6b
75
7 (‘
Cxn ;ius a Ex div
.
Am St Found Gs ’35 A* O
Ex
oo
oo
Mtg Guar
23 4 24
90
LOG
Nat Bank ot Cuba
107
LOO
National surety
175
100 165
Nevada Cous’d Copper.oif 14
144
(■
4
4 4
30
35
'.New Central<.\hL
20
X J Ter Dock* Imp.IOO
35
N Y Biscuit bs 1911.M-S lt.'2-i
N Y 31 tge * Security, iOo ISO
LOO
155
(40
^Ontario Silver
Otis Elevator
t,
il
j
Lv>5
L5o
X
i7o
DO
42
bLJ4
115
D4)
90
33
s5
....looi
Phoenix Securities
j
pitlsourg Brewing... .50!r
.
Pretcrrevl
30
6
95
?94
135
130
350
160
95
102
looi
Consonu Om utauu
U»Uo tty Llg* Reii ig. U>Oj
Consoi Rubber lue.. Iocs
Prelected
lOOi
Dwocuiuie *s 19ol A AC
16
Realty
assoc
9S
95
(Bkiyu)iooi 143
;
!’ Seneca
S»!
1
L
32*
list
42
Mmm.g
23
MUi.pi Migeo....
iuO
Stamhirtl Cortlage ...100
1st M.g.3s.’.i r red.. A .U
195
Adjust. M.os. Apr 1,<.931
j
..
60
j 1st Gs 190s
c list; Title ins Co of
134
3,5
167
260
LOO
51“
3 Si
7
43
50
8
U
45
55
115
L25
0
9
30
34
77
80
549
550
k Exc k’g*
sO
A-O i
Preterred uew
com
LOO
loo
L>2
'iUuited.igai-MfK .pf. loO
15
Umteit Copper
IOO
Preferred
LOO
U i>. Casualty
IOO
' U s* Envelope com...IOO
5
75
3
13
7 1
j,
^teei Cotyoralion—
Col tr »t 5s ‘ol opt Y L ..
Col tt s t 5s ‘51 not
U M lit GU* Ludem.lOOj
130
30
»7
LOO
J106
41107
107
109
no
95
U tali Copper Co.
-sec S tk Ex
45
Waierbury Co, com.. LOO
9>
i. lo
'
f
Preterred
.....
W estcueslec
59
4
VO
6
30
*)
*.'
uu
•
4
Uoh
,j
Biouxj
*
Proi'-iied
•('..uu-
lump i»r«i. i
list
s.6
102
Lot1
*
westinga Ate Brake..5l
West El A Mfg—3s see
Wane Ivuob Mtn
10,
1. \\
90
225
5*
opt..j
ilSt
90
62^
SO
100
1l Preferred
U
195
so
"
.
170
I8S1 19
14
17
93
too
80
140
»
2o S<
75
7V
Title * Mort Guar. LoOi
b5
Si
97 -UOlSi, West-1u Lee
looj
a
83
lu4
3O
lTow Duectory
45
LOO
n.
Union copper
\
10 fr
85
U uiou lypewr coin.. IOO
90
115
1st pre»erred
120
100
2d preterred
120
IOO 113
56
Unites! Bk Note Corp..30 ♦ 32
t
5
L
Preferred
30
53
b
109
r
V
L01«*
160
N Y ..100
1‘reuton Potteries
97 4
} 150
D-11
Toaapah Mm (Nevada). 1 f
1 *a
102
250
Staudant Cou pier couilOO
Preferred
LOO
j Standard
31 uling Co. IOO
IOO
Preferred
loo
2 Sc,
1st 3s 1930
M ti
21 1
Standard
Oil
ot
N
J
IOO
S 4
j
72
2
Ij Swift * Co see Boston St
1st 3s 1910-1914...J-J 4100
L40 j
1 4
14 V. X. Texas* Pact he Coai 100
VO
93
O \
90
.
Prart * vv turn prer..D«.*i
Public Serv Corp ot Va—.
1st m g 5s J toy Iv.'b opt,
1
{
!
100
:haug
3i
j
i
‘
1
13 4
6
45
5o!f
504
11st
Pittsburg Coai See sun:ki Exch list
3
175
Pope Alauutactut ma. loO)
i
1st preterred
60
103 1
loot
50
2d prererred
43 Si|
lu4 13
looi
I is
10 2
13
4
! L 15
5J<j
loot
com
75
U4j
10o|
Koyat Bak Powd pret. looi
City In vesting Co
loo|
^C’latliu iH t»)cs.>m
looi
^ 1st preierred...... lot';
X2d pie eritsl
loo!
Col* Hook coal* l pi loo
1st g 5s 1917
J -J
t'ol tv os Oct L95o. J J
sells on S.'*.
Niles-Bem-Pond com. loot 100
Ni piss mg Aimes
5!^
!
374
JO
G5
3
‘iN ew York Dock
100
^.Preferred
loo
N Y Ttau.sportaliou...2t' r
Preierred
;o5
Preferred
British
ol Copper
6if
25 */
Butte Coalition Miu..lo
2
Caseiu Cool Am com., loo
TO
Preteried
lot
Casualty Co of Amer. loo 130
Cel l uioiu Co
1 oo 127
to
Cent Fireworks com.loo
65
Prefer red..
.IOo
2 8
Central Foundry
loo
14
Preferred
IOo
69
Deb Gs 1919 op ‘OlM-N
Oeutury Realty
loo 185
4
00
CUeseOrvnigu Mtg r‘o lOP
Clue Pueum Tool. See Ch cage
\
j
174
American surety
.>oi 187 4!
4
American Thread pret..5
AmTobao (uew. com loo 3lo
Pret. 4s, os
See Stock. Exch
o9
Am lyp-to rs com..Moo
95
Piefei red
loo
‘J
Amei W riting Paper.looj
19
Preierred
;
looj
83
1st sf g 5s ’19 op ’09. J - j |
New stooa'
98
llsl
50^
Preferred
1
,
70
i
f7-
looj
94
H4
83
j
looj
Preterred
Anier Hardware
2d
_
tlxcli
25]
Allis Chalmers Co 1st nil
s f 5s \>e opt ’id.. J - j
American Book
loo!
American Brass
lo«■(
]jAmeuuu Can
83 4
13
205
70
130
D)2
125
j 140
Mack 1»- Com panies
See Stk E x list
15
25
Madison So <4ardeu..l00
75
2d bs 1919..
M-N
3
5
*i Manhatt Beach Co.lOO
4 s*
Manhattan lransit
44
20!i
13
17
3 4
Mitchell Mining
34
iui
j
Se^boaidAir Line—
Coll 5s ext May '1 i. M-S[
see Bait!
Seaboardco
53
4
^Lonllard(P)pret ...loo
Chic Subway
IOo!
lyJ4 19 b-,
Ft W * lieu Cy .-td..l00j
To
E x list!
Great Nortlien ore
see 1 'tk
N Y' N H * Hartford—
!
CoudebJtgs H*5G. J A J; LOG*
107
Nortu’u Securities Stubsi IOo
137
32
Pitts Bess * L E
5o!
36
Preferred
70
50!
74 j
TIRailroad Securities
60
9
7(i
109
•
3
3
100
90
GO
6
50
6
Go
106
52
looj
Preterred
looj
1st os 194S
J-D
Ijackawanua Steel...loo
Lanstou Monotype
20ifxi2
IOO 199
Lawyers Mort Co
52
Leh* W’nkeso Coal.oO;
Lord * Taylor
100 125
98
Preferred
loo
9 9>B
96
125
135
74
8
23 4
24 4
69
70
105
115
53
87
13
17
Int’n’i Merc Marine.100
Preferred
loo
Col tr d 4 4’22op,o7A-0
Lnternat’l Nickel
rOo
Preferred
....iOo
luteruatioual Salt....IOO
1st g 5. 1951
A-O
963b
98
144
22
63
90 4
1 Preferred
100
Interuat’lBankmgColoo
97
99
92
84
104
107
38
Hoboken Land* ImplOO 200
103
T5s 1910
M-N 4100
7
9
Houston Oil
IOO
45
50
Preferred
100
120
135
Hudson Realty
100
52 4
Hngersoil-Raud com.lOU
LackSteelgSs ,9o9..M-bj$ 963.
os g 1910
M-S> 4
...
24
Her’g-Hall-Mar.new. 100
7s
9b S
087*
90
78 4
14
20
60
Hall Signal Co
100
Havana Tobacco Co..IOO
Preferred
IOO
1st g 5s June 1 *22. J-D
Hecker-Jones-Jew’l Mill
1st Gs 1922
M-S
98
98^
l7*
164
14
Hackeusack Water Co —
Kef g 4s 52
12...J-J
98
97 S
9 3 a*.
99^
l5#!
1G
j
23 4
lh
1^
134
200
225
j GuggenheimExplo’u.lOO
94
93
97 V
9? Si
99
IOO!
‘2ojt
j
BuffRochAPg4SjS,09F-A 4
Cent Cross n gu6oMay'09;4
Chic* Alt 5s 1912... J-J |4
Ch R I * Pac 4 -iS OT-J- J
4 48 190'
A-0-4
Clue * W Ind 5s’10 F* A'4
Cin Ham A I) 4 ‘uS'08-M-S
Boua*
98
too
65
7 loo
7 81
>
Empire Steel
10
12
11
51
GO
75
Gold Hill Copper
ljf
Greene Cananea
! Greeue Cou Copper... 10 t
90S
loo
Bolden’s Coud Milk., tool
20
60
90
r
Preterren
;
si
35
30
os’10 J-J 4
.
Preierred
......
klfcliic 4 oiupunics
1 Chicago Edison' jo See C; h leave
1 U
Am Tel* Tel g
Atlan Coa*t L
1st ext 5a--3*e Stk
Buss Company com
LIU
100:
5s 1040—M-S
St Josepulias 5s 1037.J J 1
X Con
r
95
66
.
1st Os 1020
J-0;
Pat * Pas Gas* Elec 100;
list
30
vo
...
—
2 6 7b
x
!
103
100
1iBaruey * Sm Car
IOO!
\ Prelervcd
..IOO;
^Bethl’m Steel Corp .100Ii Preterred
1 oo;
45
5o
Latay’eGaa 1st Gs’24. M-N
30
35
Log* WubY 1st os’25.J-D
Madison Gas Gs 1020 A-O 710GS l 10
133
Newark Gas Gs 1044.tJ-J 71.8
88
yo
Newark Cousoi Gas..lOO
LOG
llUou g 5s 11*48
J-D 104
No Hudson L H * Po\v~[
5s 103s
A-O! 7 102
70
87
loo
100
loo
Ii Laclede
i
loi
105
106
-
.....
♦ Huy er pays accr’d uu. * Price per au.
os
Brooklyn Union Gas deb
-
7
■V
50
98
loo
Exch
Exch
150
See C iuoage list
Chicago City lty
Columbus (u) bt Ry..l(io 10 l E 103
109
Prefened
100 107
Ooium Ry cou 5s See Ph ila list
105
Croaal’wn 1st 5s ’33. J -1> 7 100
Grand Ruptds Ry
Preteneil
Lake si (Clue) K.l
02
100
Bay State Gas
103 \
04
102
A Tract. 100
j
so
!
102
36
36
98
71 Si 72
Eighth Avenue slk,.10u 350 400
1 Preferred
100 Exch list
92
98
F-A
irBcrip Gs 1914
Gen 4s 1034....S'«cStk
Exch list
100
fl42d A Grbt F’y stk.. LOo 3;>0
Unit RysSan Frau sFebtk
30 S 41
GO
70
42d bt 31 * bt N Av.. 100
Wash lty it El Co
100
80
81
111st mort Gs 1910 3i-b 4 lol 1. 103
Preferred
100
83
82
<
G7
j 4s 1051
1]2d mcome Gs 1915 J-J
J-l>
33
30
Inter-Met—See block Ex clia’ge list j IjWcst Chicago St
100
76
j ICon g os 1930
Lex Av A Pav F5s see bt k exc list
M-N
95
90
Metropol street lty. 100
litis
Securities
180
Ninth Avonue stock. 100 1GO
NEW YOKK
195
Second Avenue stocklUO 175
101
Cent Uu Gas os g’27.JAJ 4 98
Ijlst mort 5>s 1909 .M-N j 100 102
109
ji Con Gas (N V)
see bt k Exc ii list
Consol 5s 1948
F-A 4106
ibi
1 1 0
ii 1 Mutual Gas
100 165
1]8ixth Avenue stock 100 155
104
New Amsterdam Gas—
Sou Boulev 5s 1945..J-J i 100
08
105
j 1st cousoi os 1048..J -J 4 06
So Fer 1st os 1919...A-t> 4 loO
106
| N YA ERGas 1st 5s’44J -J 4 loo
Thiid Avenue see .-slock Exch list
103
105 1
Consol 5s 1045
J-J 4 06
Tarry W P A 31 5s 1928 j loo
35
42
;02
N Y A Richmond Gas. 100
Ykersbi RU os 1946A-U 7100
102
103
Nor Uu 1st os 1027.M-N 4 oo
28th A 29lli bits 1st os *9G 7 100
80
400
^Standard Gas com ..100
UTwenty-l li’u bt stk 100 360
106
T, Preferred
100 100
Union 113- 1st 5s 1942 F-A ♦ 100
108
105
1st os 1030
M-N 4104
Weslchesi 1st 5s’43 J-J 7 100
Athm Ave os 1909..A-U ) 98
Cou os g 1931
A-U 4 D’3
99'
B B A W E 5s 1933.. A-U
70
70
loO
Short Term Notea
Am Cxg ser A 4s’11. M-S 4 91
Ser B 4s Mclil5’l2.M-s> 4 90
Income os 1930..
United Rys of StL—
Com vot tr ctls
100
BHOOkl-Y.N
HO
113,
33
30
Preterred
looj
tFederal Sugar,com.. 100;
TT_!
98
5s4
11 ^
5
Boat
Prererred
Electric Vehicle
101
5^
Coppertnew)lo
100
100
100
loo
Electric
S
Undeposited stock
|
Prior lieu g 4 las’30M*S
Con mtg g 5s l93o.J *J l
4 103
Syracuse Rap Tr 5s 104G
Trent P A H 5s 1943J-D 4100
95
Dominion
ompanies
3 Union Ferry stock .100
T1 st 5s 1920
M-N
35
i
9S
94
72
724
124 1125
j Dougias Copper
Railroad
4s g 1949
M-N 114
So J Gas El * True 100
4 00
Gu g os 1953
M-b } 105
No Hud Co Ry 6s’14 J-J
190
list
Un.ilwuy»
Cramps’ Sh cc mi Bldg loo
1iCrucil>le .'•tee;
loo
I'Prelei reu
U»o
^Ilnamond Matcl. co.ioo
83
95
InterbRTg4s 1908 M-N'4 97 S
osMch 191o
M-S!4 96'6
KanCSo g5a Apr’12 J-J 4 9434
Philadelphia
Boston
Week ending
55
115
65
113
110
111
105
75
Brooklyn Ferry stock 100
B* NY 1st Gs 1911. J-J
N Y' esc E R Ferry stk.100
1st 5s 1022
M-N
N Y A Hob con 5s’46.J-l>
Hob Fy 1st 5s 1946 M-N
X Y A X J 2d os 1946. J -J
10th * 23d sts Ferry 100
1st mort 5s 1919...J-D
.....
January 1 to April 12
1906
1907
......
hiscci
Bid [ Ask
8
! 11
Exch hist
.....
Sew York Stock
Exchange
100
TelephiOO
TlN Y&N J Teleph... 100
UNorthwestern Teleg. 50
Pacific * Atlantic
25
IjSouthern & Atlantic 25
$8,773,000 $1,424,400
April 12
Week ending
Sales at
$97,500
1,894,000
1,627,000
l,:i25.600
1.021,500
6,075,719 $455,271,125
Total
$1,288.000
1,617,000
Hudson River
D &
Bonds
State
Bonds
80
140
113
75
45
105
50
100
Franklin
lnduMirin: and
Cons Storage BstterylOo
Corn Prod Ret be* Stock
.4*<i
75
;130
VJeutral & So Anier. 100
Cominer UnTel(N Yr).25
Emp * Bay State Tel 100
DAILY, WEEKLY AND YEARLY
Week ending
Bid
1j AmerTeleg* Cable 100
THE NEW YORK 8TOCK EXCHANGE
AT
TRANSACTIONS
.
859
THE CHRONICLE
1907.]
♦
16 7 Si 172 S.
26
26 Si
118
stk E x hat
10
‘.Ki
113
119
BOSTON STOCK EXCE&NGrE— Stock Record, Daily,
Weekly and Yearly
Share Pricea—Not Per Centum Prices
Saturday
April 6
>
97E
Monday
Tuesday
April 8
April 9
98E
37 4
•951? 96 E
*964
232
232
144
232
144
144
230
161
165
300
*
160
*
*
*22 *3
•
160
*
♦
23 4
*
79.
♦
140
*
130
111
87
*109
*86
*18
61
194*3
•
90
95
95
1423b 143
•SO1* 87 E
*90
90*3
106
106
260
130
109
87
Friday
130
110
87
954
130
*109
*86
130
110
8/
-
96
95=8
9:')
*
130
110
*109
130
*109
Last Sale 147
86
64
6
6
70
34
67
97
3*4
384
67
99
40
614
64«h
*7
14
114
20
•60
26*4
28
166
865
8«8
63
*38
83
16
13°8
13°8
10Q.
113r
194
19 *3
•60
*60
25 4 26
27
28*,
165
167
860
860
344
-38
fc4 4
16
*06
24
*2
18
18
7
•13
1U3,
20
*
*38
hi3,
84
16
16\
2
2
17 4
Last
20
Last
2054
1494
7
7
62
*
*t>0
163
860
850
*
37
33
•37
81
16
*37
82 4
104
a
*2
2 4
214
20 4
204
20
20
19
184
17
134
17*4
&E
164
5*4
17
174
64
171,
54
5*4
62*3
82*3
24
24
14
14
93 4 947*.
-1
1*.
66
67
145
149
23 4 23 4
•
2
124
124
7
7
34
'
84
194
*85
*
14 >4
814
82
14
91
2 34
14*4
93*3
14
144
914
56
64*4
*
*
l
614
14.)
145
22 4 23 4
*1
2
122
122 4
64
3 4
64
3 ‘4
183«
112
54
-85
12 4
1434
124
12 4
14 4
81
2 4
*1
143
23
*1
124
14 4
124
*144
81
24
14*,
92 4
02
56
•
*62
55
964
9234
39
37
61
0
64
•
1
1
13
13
Kilo
in a.
184
184
17
*60
*25 4 26
20
27
157
160
840
31
32
•37
*37
804 814
16
104
•*65
*2
17
130
16
2 4
17
130
163*
184
10
5
••50
12 4
804
2 4
2
'14
92 4
887« 91
87
Last Sale 2*4
62 4 63 4
61
140
140
136
22
214
21
Last Sale 7 7ft
118
120
117
14
65
145
22
1
2
120
120
04
34
14
64
3
6234
C334
624
83*4
20 4
21
027,
6334
02 4
20 4
63 4
0 24
44*4
62 4
45
63
4 4*,
61=4
64
8*3
9
9
160
ICO
1»4
1*4
8
8
160
14
100
14
02
84
8 *4
160
14
18
18
lu6
108
10 4
55
10 4
554
*44
414
46
014
62 4
62 4
84
8
4
100
8
8
84
84
ICO
14
Before payUafasseaa’taoafledin 1907.
s
664
s
4
12*4
144
24
4
160
•1*4
*
14
*
1?
106
•10‘,
54*4
4
5
011,
•7.34
8
Hange
Precious
tor
Year(1906)
Highest
Do
pref
136*, Union P‘acific
Do
874
pref
Mar’07 Vermont & Mass....100
904 West End St
50
106 78
Do
pref
50
Mar’07 Wisconsin Central... 100
Oct ’05
Do
pref
100
Jan’07 WoicNashA Roch.,100
833a Marl4
Lowest
3
270
10
15
90
84
18
126
127
123
Amer Agricul Chem.iOO
Do
pref
100
Amer Pheu Serv
50
Do
pref
50
Amer Sugar Relin.. ..100
Do
pref
.100
Amer Telep & Teleg.100
Amer Woolen
100
Do
100
pref
Boston Land
10
111*4 United Fruit
6
3 *e
184
106
21
62 7t
104
55
45 4
02
8*4
8
100
160
*ll4
1J4
68
100
•
10
177 128
250 107
87
25
25
261
Highest
55
Anaconda
Arnold
13*, Atlantic
10
18
*60
25
Bingham Con
50
Bonanza (Dev Co)...
10
£1
BostonConC&G(rcts)
Mar 9
7/4
•2 4
.
6
15
25
25
25
147
50
Bid ami asked
pcices* uj sale* m*ie
on Lin*
d ay.
160
220
Jan
Feb
200*4 Jan
52
57
651
67
125
Jan
Jan
Alar
Apr
Apr
Jan
Apr
Jan
Deo
J’n®
J’ne
21=8 A up 2814 Deo
J’Jy 2o7 *4 Jan
Feb
Sep 163
J’ly 233 E Afar
2 190
8 :155
2 228
7 19a
Jan 16
Jan 18
Dec 210
Jan
53 E Oct
65
Oct
53
50
Sep
Jan
J all
j an
Maria
Jan 15 147
20
Mar28
84
Alar27
6 *u Marl4
Jan 15 150
26
95
Jan
Feb
5
Mar25
70
Mar 21
74 *2 Mar 7
80
Feb 28
Feb
Oct
Feb
Sep
Jan
Apr
Jan
Apr
Oct
L50E Feb
8
7
Jan 12
‘40
8
Jan 17
79
78 E Jan 18
80
Feb2e
73a4
Jan
Nov
Nov
Oct
75
Nov
9
82
3EMar25
45
79
6E Feb 20
Alar26 74E Jan 14
Mar 2 6 121
Jan 6
33*aMarl6
53
59
6
1
75
Jan 22
Feb it
163b Jan 16
Mar27
2
J an 7
Mar 26 22
13
Feb28
94, A nr 12
12 E
4
14 *2 Mai 26 37
Jan 14
•6U
Marl9 •80
Jan 17
••i0*2 Mar26 33EJan 5
Mar25
Mar 14
1,545
1,000
1,420
9,579 20*a Mar26 39 *8 Jan
2,704 148 Mar 15 198 Feb
1,650
200
3,49o
•50
Apr 5
11*4 Mar27
345
13
Mar26
1,586
08
Mar 2 6
250
682
22,322
Mar 14
Mar 26
30
415 L15
MarjU
45c
1934 Mai26
10,866
1
Jan
10
1,310
8,074
362
8,791
6,275
.800
5,783
3,844
6,619
1,096
1,508
70EAlar 2
"Jan 12
4E Jan lu
114
29*4 Mar 1
151
Feb
b
17°gApr fc
33E Eeb13
5 E J an 11
36 E Jan 14
30
Feb
0
50
4i
51
6
7 81
8 E Oct
31 E J'ly
55 E Deo
92 E J’ly 118
Feb
858 Aug II15
Deo
57 E May
74
Feb
2 *8 J’ly
15E Not
2 E Dee
E J 'in
10a4 May
25
*45
J’ly
May
2UE Mai
Jan 6
2 E J an 4
63
Feb 14
Ibl
Feb 21
35
Jan 14
f3
Jau2t
14b
Feb 6
Mar 14
70
Mari6
Alar 14
49
Alar 15
11=8 Feb 27
79
J an 2
J an 7
Jau 14
Mar] 4 14
Jau 23
200 160
Alar27 198
Feb 11
640
1*4 Mar27
3E Jan 22
tAjs’lpaul. | tSx-nguui.
a
28 E Jau
497s Fob
•90
35E
42
J’ly
J’ly 184
Alay 900
J’ly 40 E
Dec
•70
80 E
Mai
21E
61E Oct
84
113
Nov 12 J
J’ly
IE J’ly
14
L31
3E
Oct
Oct
Oct
Deo
Deo
Deo
Jan
Jan
N ot
Feb
M if
Deo
26 E Sep
Dec 140
Deo
May
19 E J’ly
4bi Jau
15 E J’ly
33E Deo
7 E Jan
29 **8 Jan
6-y J’ly
12 E Jan
N ov
10 *4 J’ne
54-j Mai
14E d©o
b
9*4 Jan 10
1^4 Jan 24
15 E Jan 24
24 E Jan 15
96 -j Jail 14
234 Apr 5
2oE Jan lo
•75
Sep
17 E Jan
98 E Jan
86
Feb
98
Jan
4E Dec
25
8 107
1000 Feb 15 675
47
Feb lb
17 E
Jan 19
•52
*35
Jan 14
106
6634
20E Jan 23
14
Mar25
5*4 Apr 12 112*4 Jan 15
3
Aiar27
7 ^ *J kill t
143« Aiar26 24**8 Jan
1U0
MarJO 17u
Jau 14
39 >0 Mar29
55 E Jan b
1 47* Mar 26 42E Jan J4
63
Mar26 77 E Mar 7
67
Alar 15
8 6
Apr 3
9L Mari5
13 *4 J an 22
G87 100
2,132
7
134 Jan 18
13^ Mai 27
72
Alai'20 12o
1
j New -lUck.
150
Oct 182
dl 7 E J’ly 127
187E Nov 190
|150
Oct 163
2-5
Oct 298
132
Oct 145
5 an 107
95
09
Dec
95
197
Alai >00
17
Jan
23
59 E Jan
75
.
25
17 4
17*4 Shannon
10
104
105
Tamarack
25
.99 4
Mftr’97 Tennessee
25
20
20=s Trinity
25
62:i4 United Copper
62=8
100
86
Do
Ap'’07
pref
1()0
*10
'iOE Unit States Coal A Oil 25
53 4
64 34 U S Smelt ltef.AMin. 60
44
44 4
jl)o
prer
60
60
60 4 Utah Coil (Gold)
5
74
8
Victoria
25
8
8
Winona
26
•16u
160
Wolverine
25
•1*4
14 Wyandot
25
Jan
1,747 10334 Marll 112E Apr 10 103*4 Alay 11334
May
57
Marl5 69
Jan 2 xoOE Dec
S0E Feb
467 26*9 Mar28 29
Jan 4
28 E Dec
32=8
J’ly
11,322 31»< Mar25 50*E Jan 7 32E J’ly 50 E Oct
1,298 92*4 Mar25 L0734Jan 7 99 J’ne 113E Feb
1,220
25
j160
Deo;246EApr
6,770
1,310
25
Dee 180E Apr
21
J’ly 34 Jan
137
90
Dec 102
Jan
4,689
1434 Jaii 8 10 E Dec 29 Mar
2,514 16 Alai27 33 Jan 8 26 Aug 46
Apr
1,444 llb34 Mar26 137*4 Feb 11 128 Ala) 156 7a Jan
94 120
Mar25 13134 Jan lt> 130
Dec 141
Jan
1,368 L15EMar26 134E Jan 2 128 J’ly 144 Jan
r6
490 25
Marl 5 36 E Jan 7
28
Nov 47E Jan
808 X93E Mar29 102 E Jan 8 10U34 Dec
HOE Feb
3
100
Mar 2 8
4
Jan 15
334 Jan
4e J’n*
107
Mar 2 2 115
Jan 10 115
J’ly 11834 Mar
110 16*4 Mar26 25
Feb 19
2134Nov 34 Apr
7
Mar 7
9 E Jan 3
5=8 Jan 10 Aug
753 200
Apr 12 230 Jan 7 225 Dec 250 Jan
132 139=8 Mar25 162
Jan 24 L57
Dec 184
Oct
1,315 64 E Mar26 66 =8 Jan le 44 May 64a4 J’n*
669 80
Alar26 86 Jan 15
84 E Dec
90
Sep
Jan 2 215
31 199
Mar 1 190
Alai 210
Deo
250
2*4 Apr 10
3
Jan
4j4 J an 19
534 Sep
64
Mar 12 58
Feb 14
27
Alar 60
Not
31 X87
Jan 3o 90
J an 12
8u
Alai
90 E Not
163 114
Mar27 126
Jan 7 126
Dec 141E Apr
381 156
Mar 16 182
Jan 7 180
Dec 268 E Not
121 x9EApr 6
11
Jan 10
9E Jau
11
Deo
187 Xi04 Mar 16 113
Jan 16 101a4 J’ne 120
Sep
21 hi Jan 23
22 E Jan 12
22 *4 Dec
23
Feb
40 25 E Mar 14 26 E Feb 19
25
J’ly 27 E Not
3
Mar 5
2
J’ne
678 Jan 24
5EDec
227
10
Am.
1230
100
D‘>4
94
Jail 21
65
Jan
Jan 7
Apr 6 103
95
Jau 106
Mar26 182EJan 7 139 E Alaj 195
Apr 4 93 Jan 15 91
Aluy 9934
Alar 7 170
Jan 30 170
Sep 178
Mar25 95
Jan 2a
92
Dec 101
170 106E Apr 2 110
Mar 4 107
Sep 116E
173* Marl3 17^ Marl3
25*4 51 ay 2738
95
4 Maytlower
25
123& Mexico Cons M & S...10
144 Michigan
25
Mohawk
79
25
2 4 AloutauaCoai A Coke 26
.Nevada Consolidated
884 North Butte
Mar’07 Old Colony
Old Domimon
62
Osceola
136
21
£*arrott(Silv A Copp)
Mar’07 Phoenix Consol
119
tjuincy
Ithode Island
6*<
6
3
3
Santa Fe(Gold A
Cop)
190E Jan
40
90
35 95
2,506 124
3 S47e
105
119 90
12 668
Min<fc S
.Jan l7
Jan 2
18S
Feb 13
156
Marll
280
Jan 8
135
Jan 9
114
Mur 2 2
88
Mar 7
198
Jan 11
20 Hz Jan 9
7 IE Jan 9
2534 Jan 2
Jan lb
Jan 23
56
1,000
25
26
25
25
04 Arcadian
80
Mar 2 6
62
1147
Oct 1175 EM ay
j29HE Dec 1314^2 Apr
2 , 25
Jan j 39 E Apr
Jan 23 j 72EJan j 90
Apr
led
120
5
Mar 2 9
Jan 22
Mar 19
Apr 4
86*4 J’ly |11 OE Sep
r97 7P Dee |105 E Jan
:239
Dec <257*4 teb
2S34 Jan
Feb 8
Feb 11
193 i
1,035 173
159 4
225
65 194 *2
934 Amalgamated CopperlOO 59,485
Am Zinc Lead <& Sm. 26
37
1,250
61
Apr
7
8
Feb 19
Jan 7
Jan 2
Jan 7
Jan 3
Feb25
1013a Jan
240
152
•231
162
16.>
301
197 *3 Feb 15
14* 2 Mar22
305
Mining
34 Adventure Con
ALLouez
66
107 E Jan
927o Mar2fc
225
.»an 15
140
Mar27
222
Apr 12
152
Marl 4
105
Jan 3
297
Apr 11
23
Mar 13
72
.Marll
140
Apr 6
110
Apr 8
180
Feb 15
1 50
Mar l i
260
Mar 2 8
26*4 Butte Coalition
16
1504 157 Caiumet A Ariz
10
Calumet A lltsola.... 26
825
830
Mar 2 6
67 820
Centennial
29T*
30
25
748 29*4 Mar20
Cons Mercur Gold...
•*35
*38
6
Mar25
900 •35
79
80
Copper Range Con ColOO 15,323 72 Mar 2 6
16*,
10*, Daly-West
20
645 14 E Marl6
Dominion Coal
00
100
Feb 5
7 7/3L.
Veil’ll?
Do
100
pref
1097c> ift)D 1
*2
2*4 Elm River
12
2
Mar
15
500
Franklin
164
17
26
1,195 16*4 Mar20
•130
132
Granby Consolidated.lOu
Alar25
231 128
15 7g
10 Greene-Cananea torn ctfe 16,225 15 78 Apr 12
24
Green#
Apr’07
Consolidated. 10
20=b Mar2 6
Guanajuato Consol..
4
5
Apr 0
18
*’184 Isle Koyale(Copper). 26 2,140 1334 Mar-26
La Saile Copper
16
16
26
735 14a<
Mass GonsoL
6
5
26
5
April
114
22
10
124
14 4
20*4
104
664
444
64
86
144
214
lu3*
6634
444
62 34
8*4
834
10
80
20 4
10 4
65
194
25
25 4
*2 4
144
54
34
18 4
110
100
100
100
100
100
100
100
Mar’07 Rutland
Mar’07 Seattle Eieotric
1
*13
934
814
*
06*«
3 4
34
13 4
15
34
3*4
0 4
*
1114
63
38
22
104
654
Jan ’07 Pere Marquette
Jan ’07
Do
pref
Un Shoe Mach
Corp. 25
27*, 28
Do
pref
25
384 394
S778
3838 U S Steel Corp
100
100
10041004
Do
4 10034
pref
100
Last Sale •50
Dec’06 West End Land
25
*5 4
5
64
West Telep & Teieg.100
6
*70
70
75
Do
70
pref
100
Last Sals 7 4^
Mflr’07 Westing El
& Mfg... 50
Last Sale 80
Do ~pref
Feb’07
”... 60
21
104
Mar’07
Do pref
100
Feb’07 Maine Central
100
18
Mass Electric Cos....100
Do
pref
100
Mar’07 Mexioan Central
100
N Y N H & llart.... 100
175
Jan’07 Northern N H
100
Mar’07 Norwich & Wor preflOO
195
Old Colony
100
95
35 b
29
111
324
12
621
*
Fitchburg pref
100
Ga Ry <fc Electric....100
62
85 4
864
62
117
65
130
llu
304
11141H4
934
*
174
125 4
126
123
81
90
•1
53
138
22
14
143
23
2
*85
*
122 4122 4
18
110
Mar’07
......
19
115
18
103
110
Feb’07
62
Maas’chuaettaGaaCoslOO
Do
85 4
pref
100
•204
208
*2(144 208
Mergenthaler Lino.. 100
2 4
24
Mexican Telephone.. 10
Last Sale 54
Mar’07 N E Cotton Yarn ....100
*
88
88
88
Do
pref
100
119
119
119
N E Telephone
120
100
170
171
1694 170
Pullman Co
100
10
10
*94
10
Reece Button-Hole.. 10
1054106
106
1004 Swift & Co
100
Last Sale 22 4
Mar’07 Torrington Class A.. 25
•26
25 4 *25
Do
264
pref
25
Last Sale 3
Apr’07 Union Cop L’d <& Mg. 25
*52
2a4
264
26
26
162
18
6 4
♦•50
Mar’07
97
62
854
1
’214
54
300
23
-
Last Sale
*'6o
*85
12*4 124
16
154
Feb’07
Atch Top
Santa FelOO
Do
pref
100
Boston & Albany....100
Boston Elevated
100
Boston & Lowell
100
Boston & Maine
100
Do
pref
100
Boston cfc Providence 100
Boston&Wor Elec Co....
Do jiref
Chic June Ky & U S Y100
Do
pref
100
Con& Mont Class 4.. 100
Conn & Pass Riv pref 100
Connecticut River... 100
304
97 4
34
*34
34
Sa le 107
Mar’07 Cumberl Telep & Tel 100
20
20
20
Dominion Iron & St
Sale 834
Apr’07 East Boston Land
200
207
Edison Elec Ilium...100
*206
148
150
148
General Electrio
100
*34
66
83
16 4
2
1224123
•304 3 L
97
974
11
103,
184 20
860
33
33
•37
82
16
39
614
18<58
•34
90
8
84
126 4126
*126
127
134
10 4
26*4 27 4
166
167
344
97 4
384
644
134
11
25
25
*53
96 4
•
20
-60
*
74
17
84
33,
7
1
•
6
75
17 4 17 4
17*4 17 4
17
174
130
130
*132
183
*132
133
17
17=8
164 174
164 17
132182
164
98
394
96*4
39 4
14
] 13^
20
-60
3*4
65
98
1
34
S3,
40
1
0
*70
55
967«
7
1
2634
283b
lb7*3
6
70
384
7
875
S3**
3*6
55
8
•
0
70
70
Lowest
Miscellaneous
87
88
80
8t>4 88
87
7*3
7
7*3
7 "
74
74
74
9
17
17E 18
17*3
174 174
174 20
126
127*3 126
126
126*8 1264 126*, 1274
*126
127
*126
127
126
126
126 -127
122
123
122
122 78 1224 123
1223, 123
•30*3 31
31
3u34 31 '
304 304
314
07
97
07*,
974
974 9/4
974 974
34
3 *v
*34
3*3
84
*3*,
34
*34
•106\ 108 *107
*107
108
*107
108
•20
*204
22
*8*4
8*3
*7 4
*8*4
84
84
*74' 84
f08
208
208
208
208
208
207
207
16041604 1494150
160
160
160
160
62
61
b2E
62
62
62
62
62 4
88
83*3
84
834 834
84*8
844 86
*804
205
205
*204
2l>5
206
206
*24
3
24
24
24
*24
3
24
•
*
*
*
66
65
65
66
*
*
*
88
88
88
88
88
•118
*118
1184 1184^84 *119
168
170 4 169
*169
169 4170
170*3
*04 10
*94 10
934 10
04
94
105*4 10534 106 ' 106
106*, 1064 1054 1064
•21
22
*21
22
22
*21
*21
22
26 4 25 4
26 4 25 4
*25
26 4
264 •26
*2*,
8
*2*4
3
*24
3
*24
3
109
1094 10834 1004 108*, 109
109
112 4
60
60
01
61*4
61
61
61
63
28
28
28
28
28
28
274 28
87 34 384
37
37 7e
37°8 394
38*, 394
100 4 101*4
99 7* 1004
101
1014 1004 100 4
*6
95
235
145
222
100
21
87 E
•70
95°g
96
237
235
145
144
225
222
100
160
Sale 105
•
297
24
23
Sals 74
Last Salt l?3*
Last Sale. 60
21
EXCHANGE
Year
tor
1907
oj tht
Week
Share 1
Railroads
110
Last Sale 188
Last Sale 156
130
109
*86
Range
STOCKS
BOSTON STOCK
April 12
88
Last Sale /97 4
18
18
*18
184 *18
184 •18
19
18
60
61
6 L
60*3 *60
614 *
61
•22*4 233«
*2234 233< *224 234 Last Sale Z93<
175 ' 175 ' 176
176
175
176
174
175
17434
Last Sale 159 4
Last
2<t5
Sale
*
195
194 4195
1944195
195
195
195
52
Last Sa le 56
Last sa It 40
*
*
♦
90
90
90
Last Sale 90
’95 * 95
•
95
96
95
95
96
95
140*3 140*3 142 4143 4 14 U7g 1414 138
1404 137
*884 894 *88 4 894 *88 4 89 4 •884 894
874
Last Sale 170
90
90
•90
90
90
90
90
90',
106
106
106
106
10541064 106 106
105 4
175 E
*
260
109
*86
23 E
175
110
♦
18 *3
61
*22E
110
97*4
96 34
Thursday
April 11
964
96
*95 4 96 4
95
235
235
*235
237
*235
144 4 144 4
144 4 144 4 145
♦
230
228
225160
16)
160
160
160
165
*160
165
Last
300
Til
*22 4 24
24
24
*23
*
72
72
Last
146
146
•
23
72
lift
232
144
230
160
165
•
24
*
97*,
*9534
97 4
964
Wednesday
April 10
•40
13
J’be
1"8
11
74E
•70
33
93
2234
•00
80
J’ly
J’ly
J
Oct
Oct
Oot
l)eo
Jan
Deo
»2=8
’]y L14 ~Jan
jut
Ala\
7j4 J’ne
57E Alay
J an
Sep
Mar
Alai
J’ne
N
Deo
Deo
Feb
E Deo
G634
Alay
5*4 Jan
88
9 *4
61
43
52 E
6 7*
2
Alai 151
J’ly 48
3E J’ly
1 E J’ly
90
40
1E J an
22 E
85
7 E
Dec
Jan
23 E
Mai 117 E
ov
4
J’ly
131
•70
Jam
J’ly
9 E Deo
5;E Not
18 7s Not
122
52
Jan
29
Jan
E Deo
78
111
Fob
Fob
143g Alar
66
Jan
47 7, Sep
ODE Jan
9E Mar
E Oot
13
190
Dm
2>« Dec
Ei-ilir. A ngbta
Ape. 13
Boston Bond Record.
1907.]
BOKD&»
Price
BOSTON STOCK EXCH’GE
Wnsx EirotSG April 12
Fitchburg 5s
4s
4s
.
..
Frenit Elk‘&
1908
1915
1927
Mo V 1st 6sl! 1933
Unstamped 1st 6s
1933
974
844 Sale
90 4
93
January 1
High
9814
904
9841101**
904 92
9034 Apr’07
iio”
Feb’04
1044 Apr’00
101
114
Sep’06
Mar’u6
1124 Jan
lt>7 4 Jan
102
Sep
99*8 Oct
105
*97"
’03
’ut
:;o7>10?4
’0:>
*06
loO
J’ne’01
123 4 Nov’06
111 >g J’ly ’05
J-D
83
SS4
|109
May’05
884 Sale
Q-F
J-J
A-O
J-J
J-J
M-N
J-D
J-D
A-O
A-O
A-O
M-N
M-N
M-S
M-S
A-O
A-O
J-J
Since
104
Mar’OG
99 4
99*4
99=8 Sale
BOND»
Range
Av Low
18
964
24
82*8
Jtixqh
97*4
83 4
85
1]S7 4 Nov’U6
97*4 Sale
M-N
A-O
A-O
M-N
F-A
kI-N
M-S
J-J
II
Range
Ask IjOVo
Bid
Am B«U Telephone 4a.... 1908 J-J
Am Tolep A Tel coil tr 4s. 1929 J-J
Am Writ Paper 1st s t6s g 1919 J-J
Atch As Nebraska 1st 7s..1908 M-S
Atch Top A 8 Fe gen g 4s.. 1996 AO
Adjustment g 4s
J'ly 1995 Nov
Boston Elect Light 1st 6s. 1908 M-S
Consol 6s
1924 M-S
Boston <fe Lowell 48
1907 J-D
1916 J-J
4s
Boston A Maine 44s
1944 J-J
Boston Terminal 1st 34s. 1947 F-A
Bur & Mo Bit ex 6s
191b J-J
Non-exempt 6s
191b J-J
Sinking fund 4s
1910 J-J
Butte A Boston 1st 6s.... 1917 A-0
Cedar Bap A Mo K 1st 7s.1916
2d 7s
1909
Cent Vermt 1st g4s..Mayl920
0 B cfc Q Iowa Div 1st 5s. 1919
Iowa Div 1st 48
1919
Debenture 5s
1918
Denver Kxten 4s
1922
Nebraska Exten 4s
192?
B & S Wsf 4s
1921
Illinois Div 3 H»8
1949
Joint bonds See Gt Northern
Ohio Jo By & Stk Yds 5s .1915
Coll trust refunding g 4sl940
Oh Mil & St P Dub D 6s.. 1920
Oh M A St P Wis V div 6sl920
Ohic A No Mich 1st gu 58.1931
Chic A W Mich gen 5s....1921
Concord A Mont oons 4s..1920
Conn A Pass B 1st g 4s...1943
Current Biver 1st 6s
1927
Det Gr Bap A W 1st 4s... 1946
Dominion Coal 1st s f 5s.. 1940
Week? 8
or
Last Sale
FYidav
April 2 2
Si-
I
!‘v'04
105
101
93 4 Sale
Vi
101
99
90 4
83
90
loo -j
10o\
"98"" “99*4
93 4
984
4 Pne’oe
Dec’OU
0> Mar’O?
‘.•3
:
904
100 4
101
Feb’07
95
122
Apr’06
Feb ’05
126
100
Feb’07
101
101
99
Mar’07
Sale
97
101
GtNor O B <fc Q coll tr 4s 1921
Registered 4s
1921 Q-J
Feb ’0 i
4 J’ly ’06
v-±
02
964
21
100
944
914
1024
95
89
934
934
89
100
93
4 Apr’06
1004 Oct ’06
1344 Nov’OO
140
Apr *05
944 94*4
954
92 4 Apr’07
14
Price
*-
Friday
90
100
98
884
974
92 4
96
Bange
April 12
Bid
1910
Illinois steel deben 5s
Non-convertdeben 5s... 1913
la Falls & Sioux Cist 7s.. 1917
Kan C Clin A Spr 1st 5s... 1925
Kan O Ft S A Gulf 1st 7s.. 1908
Kan C Ft Scott & M 6s
1928
Kan C M & B gen 4s
1934
Assented income 5s
1934
Kan C cfc M By <fc Br 1st 5sl929
Kan U St Jo & C B 1st 7s..1907
.Maine Cent cons 1st 7s... 1912
Cons 1st 4s
1912
J-J
A-O
98
A 0
AO
J-D
M-N
M-S
M-S
A-O
J-J
A-O
A-O
Maro Hough <& Ont 1st 6s.1925 A-O
Mex.'t.in Central cons 4s.. 191] J-J
Jan 1939 J’ly
1st cons me 3s
2a cons me 3s
Jan 1939 J’ly
Mich Teleplst os
1917 J-J
Mmne Gen Elec con g 5s 1929 J-J
New Eng Cot Yarn 5s....1929 F-A
New EngTeleph 6s
1907 A-O
6s ....:
1908 A-C
1915 A-C
6r
New Kimiann oons g os...
J - J
Boston Term 1st 4s.
1939 A-O
Ola Colony cold 4s
1924 F-A
Ask Low
i uo <8
:<8
Oct ’DO
97
J.lll ’!>,
SiS
9*2
101
92
100
!
Lino
High
98
100*4
.
:;::i 1
984
s
6
114
120
i
92
100
101
’
92
84
....
85 4
17*4 Aug’05
102 4 Aug’04
97 4 Apr’o?
99 4 Jan ’07
100
Mar’uT
11)04 Jau ’07
99
./....
-----
97 4 100 4
99 K
99 4
99 4 U)0
100 4100 4
....
....
1014 Sep’06
11024 Jan ’05
11214 Mar’OO
Repub Valley 1st s f 6s... 1919 J-J
Rutland 1st con gen 4 4s. 1941 J-J
w
January 1
26 4 • "‘‘•t '01.
Oreg By A Nav con g4s..l946 J-D
Dreg Sh Line 1st g 6s
1922 F-A
Note—Buyer pays accrued interest in addition to the purchase price for all Boston Bonds.
since
1
-VO
Mar’07
urn
113 V Nov’OO
101Qbep*w5
118
j\l»>’04
81*4 Feb’O,
S3
Bangs
1
98
1024 Nov’OU
116 4
1179 t 4 Dec ’06
1945j
United Fruit conv gen 5s. 1911
U S Steel Corp 10-60 yr 5s. 1963
West End Street By 4s
1616
Goid 44s
1914
Gold debenture 4s
1916
Gold 48
1917
Western Teleph A Tel 5s. 1932
Wisconsin Cent 1st gen 4al949
Wisconsin Valley 1st 7s.. 1909
High
117
81
!|
or
Sale
Last
1(9
J-J
J-J
F-A
J -J
M-S
Torrington 1st g 5s
1918
Union Pac RR <& 1 gr g 4s.1947 J-J
1st lien conv 4s
1911 M-N
IU0
100
10 100 4 102
99
99
Nov’06
Mar’07
Jan ’07
98
*!
BOSTON STOCK KXCH’GE
Week Ending April 12
Butland-Canadian 1st 4s 194 9
Savannah Elec 1st cons 5s. 1952
Seattle Elec 1st g 5s
1930
Terre Haute Elec g os
1929
1124 Jau ’03
104
89
100
98
103
861
103
103
V.VJZ ioi"
102
Mai *02
98 4 May'06
105
Mai’07
102
....
Jan’o?
103
103
....
105** 1*06**
Dee’05
99 4 Nov’06
M-S
M-N
F-A
M-S
M-N
F-A
J-J
J-J
J-J
1004 Feb’07
Apr’06
111
10041102
1150 4
112
112
tj
1J99 4
1994
1
98
100
100 4 Jan ’07
102
Jan ’u7
98
98
92
100
100
102*6 Jau'06
100 4 Jan’07
92
92
112
94
1994
100 4 1004
102
102
107
i‘004 ib‘04
2
99
914
1944 Sep ’05
1094 Aug’05
No pnoe Friday; latest bid and asked.
1; Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
Share Prices—Not Per Centum Prices
ACTIVE STOCKS
Sales
the
Week
Share*
Range jor Year
Bange for Previous
1907
Year(1906)
of
Saturday
April
0
90
90
Monday
April 8
00
90
•494 60
884 38*4
104 104
134
18*4
494 494
88
384
10
10*8
•264
124 124
•68
664
1
88*«
66*4
14
64
63*4
44*4 44*4
9
61*18
174 17*4
66
66*ie
•42
43
•424
68
924
•28
00
90
*
45
13*s 134
Tuesday
April 9
124 13
884 884
66
664
14
14
634 63*4
444 44*«
9
8*«
434
424
68
03
674
92*4
April 12
89*4
90
90
*30
•80
81
90
894
14
124 134
60
60
50
#0
•4§4 60
38*4
384 884
104 104
134 134
*494
384
104
104
6
6
274
124
274
124
88
80
664
14
66*4
1*8
654 63 4
45
45
0
6
27
•12
88
104
104 Klectno Co of America 10
•6
•26
12
•86
7
27
67*4
674 67*4
934 05
12
874
644
1*8
374
66
14
62*4
634
45
45
8*4
84
104 17 4
634 564
60
*42 4
•42
43
674 67*4
034 04
43
43
674
674
924 034
30
Bid
Ask
ConsolTrac of N J...100
Diamond State Steel.. 10
Preferred
10
Easton Con Electric 6.50
Elec Storage Batt
100
Preferred
100
Ft Wayne &W V
100
Germantown Pass
60
Indianapolis St
100
624
Berg&EBrw 1st 6s’21 J-J
Steel 6s 1998.Q-F
i*03*
Balls Ter 1st 6s 1926. J-D
47*«
Betfile
67
65
129
100
*
22
2*2 4
Keystone Telephone ..50
50
K ey ston e Watch Case. 100
Lit Brothers...
10
Little Schuylkill
50
Minehill A Schuyi 11..50
N Haven Iron A Steel.5
Northern Central
50
North Pennsylvania..50
164
Railways General
10
Tidewater Steel
10
lo
89
974
101
45
46
*9*34 *9*4 4
Preferred
100
Union Tr of Ina
United N J KB A C.. 100
Unit Trac Pitts pref..50
Warwick Iron A Steel. 10
West Jersey <fc SeaSh.50
Westmoreland Coal....50
Wilkes Gas A Elec..100
Bid and asked
Interstate 4s 1943 ..F-A
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S
Consol 6s 1923
J-I)
m
18
J-D
Gen cons 4s 2003.M-N
Leh V Tran con 4s’33J-D
New Con Gas 5s 1948 J-D
Newark Pass con 5s 1930
NY Ph A No 1st 4s ’39 J-J
Income 4s 1939...M-N
NoOhioTrac con5s’19.J-J
Penn gen 6s r 1910..Var
Consol 6s
Snequen Iron A Steel..5
Tonopah Mining of Nevl
Indianapolis By 4s. 1933
Annuity 6s
50
Pennsylvania Salt
Pennsylvania Steel.. 100
Preterred
100
Phila Co (Pitts) pref...60
Phil German <fe Norris.50
Phila Traction
60
ChocA Melst5s 1949 J-J
Ch Ok A G gen 5s ’19 J-J
Col St By 1st con 6s 1932
ConTracof N J 1st os.’33
E A A 1st M 6S 1920 M-N
Elec A Peo Tr stk tr otfs
Eq II Gas-L 1st g 5s 1928
H A B Top con 6s ’25 A-O
Lehigh Nav 44s ’14.Q-J
BBS 4s g
1914.Q-F
Gen M 44s g.l924.Q-F
LehVC 1st 5s g’33..J-J
Inter Sm Pow& Clieni.50
Preferred
674 674 Union Tr acton
01
024 United Gas Impt
Weis bach Co
*274 20
AmBysoonv6s 1911.J-D
Atl CUy let 6s g ’19.M-N
“724
r
Lehigh C A Navtr ctfs. 5 u
Lehigh Valley
50
Ask
98
100 4
i‘044
105*4
94 4
105 4
63
110
84
63 4
111
106-
107*4
148
97
150
974
664
prices-, no sales on tills day.
\ Ex-rights.
1
2,087
11
6,031
1,995
115
Roch By A Leon 5s *6 4 J-J
U Trao Ind gen 5s’19.J-J
Un ltys Tr ctfs 4s’49J AJ
United Bys Inv 1st coll tr
M-N
sf&s 1926
U Trac Pit gen 6s ’97 J-J
Welsbach s f os 1930.J-D
Mar 14
234 Jan
7
35
Marl5
iO1* Mar 12
48
14
Jan
7
484 Apr i
32*4 MarH
a-iMarH
61
Jan
5
Sji
299
'
2,971
2,095
6,956
BALTIMORE
Inactive Stocks
Ala Cons CoaiA Iron. 100
Pref
100
Atlanta A Charlotte.. 100
Atian Coast Lino BB. 100
Allan CoastL (Conu)lOO
Canton Co
...100
Cons Cot Duck Corp...50
Preferred
50
Georgia Sou A Fla... 100
1st pret
100
..100
100
9
Marl 5
106
99 4
Exchange 34s 1930 J-J
1054 105*4
101*4 102
99 4 99*4
69*4 704
Balt A P 1st 6sm I’ll A-O
Balt Traolst5s..’29 M-N
No Balt Div os 1942 J-D
Convertible 5s.’06 M-N
Cent’i By oon5sl932 M-N
Ext A imp 68.1932 M -S
99
ibi»«
| #7.50 paid,
f #15 paid,
t #10 paid.
Apr 10
2
474 Jan 24
114 Jan 14
8
Apr
36
16
L03
7 a7*
2 4
J’ne
90
J’ne
J’ly ll 14 Dec
43
Mario
MarlS
Mar 14
42
715
63
804 Marl 4
26 4 Feb 11
Ask
97
22
43
13
Oct
6
Jan 25
Jan2& 31
Jan 8
144
Jan 7 100
Jun 5 65
45*4 Jan 14
47
Jan 14
434
1104
107
106
Feblb
•••••-
-••••••
90 *v
01 4
83
b2
86 4
85
111
72 4
Dec
1
M etSt( Wash) Ist5a’25 F A
Mt Ver Cot Duck 1st 5s.
lucomea
00
1 Uo
124
314
30
0U
75
7A
f, L
101
044
112
83
ftb
.03-v
s
111
101
115
108
107
{ #10 pud.
s
General 5s
1041 M-S
Norfolk St lat 5s’44..J-J
North Cent 4 4s 1925 A-O
Senes A 5s 1926....J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997.J-J
Poto Val 1st 5s 1941..J-J
Sav Fla & West os ’34 A-O
Seaboard A L 4s 1950 A-O
Seab A Roan 6a 1926. J-J
South Bound lat os..A-O
U El IxfcP 1st 4 4s*29 M-N
Uu By cfc El 1st 4s ’40 M-S
Income 4s 1949
J-D
Va Mid 1st 6s 1906..M-S
2d series 6s 1911...M-S
Sd series 6s 1016..M-S
4th ser 3 4-5a 1021.M-S
5th aeries 5s 1020.M-S
Va (State) 3s new ’32.J-J
Fund debt 2-3s 1991. J-J
West Nr C con 6s 1914 J-J
WesVa CAP 1st 6g’ll J-J
WU A Weld 5s..1986.J-J
Booeipta.
# #36 y*UL
234 Jan
118
86
Jan
J’no
31*10 Jan
73140 Jan
a54 4 Mar
9*ie Oot
4344 Jan
83
51
65
101
32
Jan
Jan
Aug
Fob
Mar
ASM
Bid
100
"92 4 924
110
105
106
1074 1084
1014
102
103
111*4 113
103
104
109 4 110
106
107
107
108
117
118
ios78 100
634 64
22
23
1034 105
109
111
107
804 81
90
Npt NdbO P 1st os’38 M-N
275
04
114
3u*4
Col&Grnv 1st 6s.l916J-J
Consol Gas 6s... 1910 J -D
1939 J-D
5s
Gads Ala 1st con 5s ’45 J -J
Ga Car A N 1 st os g ’29 J-J
GaSo A Fla 1st 5s 1945J-J
G-B-S Brew 3-4a 1951M-S
2d income 5s 1951 M-N
Knoxv Trac 1st 5a ’28A-0
LakeR El lat gu5s’42M-S
65
67
185
1U3
City A Sub 1st 6s..’22 J -D
City A Sub(Wa8)lst5s’ IS
Coal A 1 By 1st 5s ’20 F-A
Georgia P 1st 6s...’22 J-J
73
Jan
Jan
Apr •i7i*ie Jan
444 May
25
Jan
124 Nov
14
48
Nov
Dec
Chas By Gdfc El 6s’00 M-S
Chari C A A ext 5s. ’09 J -J
2d 7s
1910 A-O
1014
ioo
51
394 Nov
004 Jan 22 684 Dec
964Jan 5 *[814 May
30
Jan
62 4 Jan
19
Jan
50*4 Sep
30*4 Jan
11
May
BALTIMORE
101
119
107
83
83
102
11^
32
Dec
Dec
Dec
r'itvRv 1 at fia»C!R.T_T
259
41
354 Dec
80
Nov
84 MarJd
Dec
7»
Mar 14
67
Mar.4
May
1
Jan 7
Apr 6
i7laOct
58 4 Mar 2 5 70D1#Jan 8 61*b J’ly
42 4 Apr 2 48-»Jan 4 47
Apr
9
7 4 Mar 14
6 4 Dec
Apr 4
J54 Mar27 24 Jan 22 cl 94 Dec
45*4 Mar2 6 09 4 Jan 7 564 May
Bonds
Anacostia A Pot 5s
Atl A Ch 1st 7...1907 J-J
Allan C L RR4sl952M-S
Atl Coast L(Ct)Ctfs os J -D
Ctfs of iuuebt 4s
J-J
5-20 yr 4s 1925
J-J
BaltCPass 1st 5s’ll M-N
Balt Fundg 58.1910 M-N
Jan 9
Jan 10
Jan 26
35
86
97
Highest
Lowest
Highest
194 Feb 25
20
3l
Bid
PH1LADKLPH1
Ph A Bead 2d 6s ’33-A-O
Con M 7s 1911
J-D
Con M 6s g 1911....J-D
Ex Imp M 4s g ’47 .A-O
Terminal 5s g 1941 .Q-F
P W A B col tr 4s ’21. J -J
2d pref
G-B-S Brewing
Penn A Md Steel con 6s.
Pa A N Y Can 6s ’39. A O
Con 4s 1939
A-O
Penn Steel 1st 5s ’17 M-N
PCo lst<fccoltr5s’49 M-S
ConA col tr 5s 1951 M-N
Phil Elec gold trust ctfs.
Trust certifs 4s
P A E gen M 6 g ’20. A-O
Gen M 4s g 1920..AAO
66
Wlks-B GAEcon5s’65J-J
1064
1919...Var
People’s Tr tr certs 4s 48
38 4 Jan 15
804 Apr 1
50 30,782
Portland By 1st 6s 1930.
119
94
60
Lowest
9
497
100
1*R Maraden Co
624 Pennsylvania BB
60
46
221
444
Philadel&’aCo (Pittsb). 50
8*4 Philadelphia Electric*. 25 12,634
8»4s
17 4 174 Phila Rapid Transitc.. 50 12,070
634 644 Beading
50 64,934
16
•42
43
Do 1st pref
42
Do 2d pief
126
42
fifo
Bid
PHILADELPHIA
12
87
65
Gen Asphalt tr ctfs ....100
Do
pref tr otfs ....106
Lake Superior Corp.... 106
62 4
Bonds
A1 Val E ext 7s 1910 A-O
Alt ALVEleo 4 4s’33.F-A
Indiana Union Tr....lOO
Insurance Co of N A.. 10
04*4
1*8
42*4
Inactive Stocks
Allegheny Val pref....50
Philadelphia
American Railways.... 5u
60
874 Cambria Steel
•6
88
664
14
634
434
37
37
18
100
100
United By A Electric.. 60
Seaboard (new)
Do
2d pref
*26
12
7
65*4
14
624
•444 46
544
60
87*4 384
104 104
274
12 4
*42 4
43
43
43
43
20
13
42
(For Bonds and Inactive
Stocks see below)
Baltimore
34
Con.Gas ELL. <& Pow.100
81
Do pref
100
50
894 Northern Central
*18
*34
13
43
50
American Cement
Amer Gas of N J
100
Beil Telephone
50
Cambria Iron
50
Coke.
100
Central Coal <fe
*
April 11
81
43
42 4
PHILADELPHIA
.
lYiday
81
8i*ie 81*10
16*4 174
94 4
Thursday
si
S*4
16*4 174
554 60*4
164 17*4
644 66
43
Wednesday
April 10
107
107
112
112
100
95
1074
lib
107
744
744
107
10?
00
110
110
93
87*4 88
61*4
-
554
^
107
108
108
107
109
91
90
03
93
107
1104
104
112
105
114
e #30
paid.
862
THE CHRONICLE
investment and
RAILROAD
The
following table shows the
gross
earnings of
[VOL.
LXXXIV
Railroad Intelligence.
GROSS
every
EARNINGS.
STEAM railroad from which regular weekly
or
monthly returns
be obtained.
The first two columns of figures give the grdss earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We arid a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with
July, but covers some other
can
The returns of the street railways
period.
are
Latest Gross Earnings.
no ADS.
Week or
Month.
Current
Year.
Ala Great Southern —See Sout
Ala N O A Tex Pac
N O & N East
March
Ala & Vicksburg
M arch
Vicksburg1 Sh A P March
AlaTenn & North__ February
k Ateh Top & S Fe_ February
Atlanta & Chari... January
Atlan Birin & Atl’c. February
Atlantic Coast Line February
Baltimore A Ohio.. February
brought together separately
on a
subsequent
July I to Latest Date
Previous
Year.
Current
Latest Gross Earnings.
Previous
Year.
Year.
hern Rail way.
no ADS.
Week or
Month.
N Y C A Hud River
Lake Shore AMS
Lake Erie A West
Chic Ind A Sou__
J
281,967 2,433,666 2,196,892
121,4271 1,182,393 11,025,939
121,687! 1,234,520
1946,296
Michigan Central.
4.697 i
Cleve C C A St L_
4,435!
31 ,S91
28,270
7,352,247 6,711,890 60,624,009 53,345,295
Peoria A Eastern
345,373!
325,517: 2,492,923 2.375,203
Cincinnati North.
116,306;
90,9711 1,016,676!
Pitts A Lake Erie
708 934
2,308.539 2,172,973 17,340,583:15,889,701
Rutland
5,939,293 5,802,508!54,076,049!50,986,38
N Y Chic A St L.
N Y Ont A Western
243,458
205,631 2,052,890 1,572,832
February
March
N Y Susq A West..
5,197
4,892;
43,807
46,194
3,008
Norfolk A WesternFebruary
2,937;
31,781
32,284
1st wk Apr
134,890
Northern Central
69,180' 6,303,642 6,723,400
131,629
140,204; 1:191 ,517 1,057,116
Northern Pacific
February’
1st wk Aprj
101,700! 121,700; 5,191,200 3,917,800 : Pacific Coast Co
1st wk Apr-1,469 000.1,305,000 53,505,206 46,385,1 18 I d Penn—East PA E
4th wk Mchi
d West of P A E.
318,5811
328,1811 9,395,910 4,810,654 :
1,887,745 1,876,568117,373,634 16.713 276
Peoria A Eastern
February
273,352
140,097;
146,211i
March
March
March
March
March
March
March
March
March
March
March
_
_
_
_
_
Bangor & Aroostook
Bellefonte Central..
Bridgeton A Saco R
ButT Roch A Pitts..
Buffalo A Susq___.
Canadian Northern.
Canadian Pacific
Central of Georgia..
Central of N Jersey.
Chattan Southern..
.
..
32,630!
8,752,110
_
7,335,312
4,442,064
,
Chic Ind A .Southern
Chic Mihv A St Paul
Chic A North West
Chic St Paul M A O
Chic Term Tran RR
Cln NO A Texas Pac
Clncinnaf Northern
Clev Cln ('hie A St 1.
Colorado Midland..
h Col A Sou tii Sys.
Col Newb A Laur._
.
Copper Range
—.See New
York <v-r,
February
.
January
..
Cornwall
_
Cornwall A Lebanon January
Denv A Rio Grande 1st wk Apr
Detroit A Mackinac 1st wk Apr
Det Tol A I ron t Sys 4th wk Meh
Dul So Shore A Atl. 1st wk Apr
Erie
February
Evansville A Ter 11
See Rod:
Fairchild A N E... 'February
Fonda Jolinst AGlov February
jFebruary
..
_
Lsihu..
Georgia sou:
n A i-'ia
Gr Trunk V
Det Gr 11 A
ill
Canada Allan
Great Northern.
February
.
Apr
1st wk Apr
1st wk Apr
Kanawha A Mich.. February
Kansas City South- February
Lake Erie <x V\ est n
See New
Lake Shore A M Sou —See New
_
_
Lehigh Valley
February
Lexington A East.. January
Long Island
February
Louisiana A Arkan. February
41,919
_.
.
.
February
_
Central.. February
Internat. 1st wk Apr
a
Railway. 3d wk Mch
a
Southerr 3d wk Mch
—See New
Michigan Central
Mineral Range
1st wk Apr
Mlnncap A St Loul: 1st wk Apr
Minn St PASS M. 4th wk Mch
Mo Kansas A Texa: 1st wk Apr
Mo Pac A J ron M t.. 1st wk Apr
Central Branch.. 1st wk Apr
Mobile
A
.
174,103
667,330
.
Apr
.
1st wk Apr
1st wk Apr!
3d wk Mch
January
N Y Chic A St Louis —See New
..
1.538,394
5,9U0,216
41,279
1 39 ,7*)0j
December
92 ,984
—See Sout hern Rail! wav.
992,703
February
878,447
Ohio
11452860
Inc. 552
Yor-t Cep trai.
1,166.716 1,097,216 10,918,494 9.968,494
595,663
543,723 j 5,923,797 5,807,016
2,385,912 2.149,467 20.230,359 ! 18,803,055
Yorlc Cen trai.
!
9 490
34,844
4,675
54,714
113,191 3,253,274 127.842,175 27,528,268
Coal A Iron Co._!February
3,519,340 2,943,198 25,326,845 23,861,239
Total both cos
February
6,632,531 6,196,472 53.169,020 51,389,507
Rich Fred A Pot.
168,088
I January
142.718
1,045,529
932,690
Rio Grande .June
503.113
64,081
47,784
412,040
[January ..
Rio Grande South._Uth wk Mch
12,695
456,693
126.878
13,972
Rock Island System;February _ 4,635,562 3,979,204 39,452.590 35,167,055
e St L A San Fran! February
4,096,767 3,396,492 32,746,373 28,580,711
f Evans A Ter H. February
169,351
159,588 1.543,627 1,468,724
Total of all lines. February
8,901,680 7.535,284 73,742,596 05,217,090
_
Rutland
—See New
5 or k * Vri trai
St Jos A Grand Isl. February
111 .971
144,538
St Louis A San Fran —See Rock Island Sv ;tcm.
St Louis Southwest. 1st wk Apr
190,71!)
166,18!)
Seaboard Air Line..'February
1.393,686'! ,318,608 i
Sierra Rail way
28,104
...! Feorwary
25.799
.
_
.
Southern
Indiana..[.March
1 33,815
129.504
cSouthern Pacific Co; February _ 10057098 8,001 ,84 1
Southern Railway._ 4th wk Meli 11,518,525 1 ,563,067
Mobile'A Ohio
|4th wk Mch 369,675 342.408
Cin N O A Tex P. 3d wk Mch
140,023
170,222
Aia Great South. 3d wk Mch
68,946
70,658
ud'a Sout ii A Fla. J February
19 6.911
172,624
Texas Central
41,745
29,059
wk Mch
Texas A Pacific
'1st wk Apr
275,931
215,256
Tidewater A WeM. February
7,366
7,033
Toledo A Ohio Cent February
349,721
346,596
Toledo Peo A West.Uth wk .Mch
31,939
35,048
Ton do St L A West! 1st wk Apr
69,715
68,739
Tomblebee Valley. I February
5,328
4,667
Tor Ham A Buffalo!March
64,686
69,063
Union Pacific Sy.st. 'February
5,053,24! 4,728,351
Virginia A So West.-IMarch
93,196
95,980
4 N 8,4 2 6
Warms'*
4 33,660
jist wk Apr
Western. Maryland. 1st wk Ann
108,572
102,724
West Jersey A Sea. February
26.5 444
272,24i
Wheel A Lake Erie. 4th wk Mch
135,587
158.730
;
1 3 ,789
ij
Vfusport A X Hr.. December
Wisconsin Central
53
540.531
2.099
j January .
WrlghtsvA Tennllle February
18,355!
17,871
Yazoo A Miss Valley’March
870,529
891,203
.
!.
30,250,253
3,987,808
1,164 672
1 ,404.345
36.977.852
2,054,023
39,031 ,8 75
1
6 “■, 975
4,493.083
jj
I!
_
.
|i
!'
•'
,
f
36,84*. 133
.
_
5,330,456 i;
,753,399
2,31 1.471 !
1 .452,762 -j
4,945,463 !
4
300,334!
j
Various Fiscal Years.
i; Manlstique
66,182 1! Mexican Railway..
241 ,467 |i Mexican Southern
19,628,866 IS,185,422 ji New York Central
Lake Shore A Michigan South
6.232,4401 5,400,667 j
Lake Erie A Western
5,397,500! 4,700,300 jl
l Chicago Indiana A Southern
912,583
858,971 jl
Michigan Central..
591,661
581,249 j
Cleve Cin Chic A St Louis
:
2,925,778
9,170,600
20,173,985
35,586,928
1,262:322
36,849,250
2,878
2,327
195,100
44,744
York Cen tral.
j
1
1
to
Jan
Jan
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
Jan
Jan
Jan
Jan
Peoria A Eastern
2,885,015 '
Jan
Cincinnati
Northern
8,669,415 j|
Jan
10,615,815 !
Jan
Pittsburgh A Lake Erie
Rutland
32,759.319 j
Jan
N Y Chicago A St Louis
1,488,313 1
Jan
."
Jan
34,247,632 \\ Northern Central
a Penn—East of Pitts A Erie
4i>6,4/5
Jan
li
d West of Pittsburgh A Erie.. Jan
P’lila Baltimore A WashlngtonO .1 an
7.050,658
10,458,829 • Philadelphia & Erie
Jan
Pitts Cln Chic A St Louis
Jan
Rio
Grande
Junction
164,053
Dec
Texas A Pacific
27,560
Jan
West Jersey A Seashore
Jan
j!
AGGREGATES OF GROSS
to
to
to
Jan
...
743,92 11
j
7,731 ,967
7,869,880
6,044,841
2 916,276
1 ,491 .859
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
1
1
to
to
to
Jan
Mch
Jan
.Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Feb
Feb
Feb
Feb
Feb
Feb
Jan
,049,096
6,946,243
9,870,533
6,964,411
5,954,145
2,714,516
1 ,281 ,515
936,288
744,357
13,106,275 10,257,13(1
57,631
58,214
3,246,6(14 2,911 ,260
956.171
1,007.954
3,161 .974
3,192,48*
41 .918
567.788
32,041
557.244
50,029,263 45,660,612
767 ,(564
735,732
20,929 750 19,209,425
4,099,965 3,545,861
3,611 ,160
3,373,160
4,393,380 4,219,139
,17^
94,300
4,347.834
4,184.621
142,637
6,474,469
/
153 ,293
7,297,098
Current
Year.
Period.
1
293,334
257,329
1 ,224,003
1,105.209
82,323,983 69,786,156
4 2,347,494 40,460,129
_
58,596
234,728
„
8,166,189
10,590,502
,
.
768.614
647,331 1 Atlanta A Charlotte Air Line... Mch 1
36,938,664 32,818,310 jj Bellefonte Central
Jan 1
130,688
127,001 ; j Manistee A Northeastern..
Jan 1
257.005 11.667,681
762,903
16,499;
1,633'
5,299
i!
31 8 ,856
303,360
Inc. 6.51, 895
1,160,468
.
_
jj
1
92,735
94,700
914,435
840,7 50
13,839
14,611
49 579
45,259
4,151
5,403
23,432
24.547
2,548,389' 2,229,926
191,131
147,320
149,300
135,000
29,661
24,127
York Cen trai.
13,756
14,161
69.562
71,131
329,043’ 301,809
401.9271
304,533
710,000. 624,000
29,00(1'
50,000
739,000' 654,000
_
Apr
_
125,000
125,826
55,164
188,796
726,988;
Inc. 19. 978
.
Mexican
Mexican
Mexican
Mexican
1st wk
245,948
,440,155
64,514
498,594
4,981 ,M2
S
2,349,156 2,306,797 23,453,733 22,560,883 !j
_
....
January
March
37,662
28,595
4,194,207
S
j-4tlx
39,935
733,924 33,026,577
100,221
4.334,527
56,201
1.333,212
35,510 1 ,445.929
3,846,685 38,163,318
219,785 J ,*/•')«> ,48^
4,060,470 40,218,800
63,115 1 .*85,580
533,510 4.524,772
4,640,563 42,h29,560
97,000 6,818,697
116,408 5,455,505
57.197
2,446,148
York Cenitrai.
Yorlc Con‘trai
—
Louisville A Nashv. 1st wk
March
823.466
121,346
4
4th wk Meh
March
1st wk
a
520,119
2,063,980
16,494
484,496
1,909,432
—
'Match
March
a
12,083
46,321
233,195
2,495
8.095
See Tout
list wk Apr
3d wk Mch
3d wk Mch
3d wk Mch
•March
Gulf A Ship Island.
Si0>tcm.
1 ,687
47,939
250,686
_
S
7,524,362 70,999,312 68,198 ,290
3,584,210,32,366,419 30,457 ,120
453,181 3,879,501 4,070 ,972
239,0511 1,920,423 1,699 ,270
2,203,409 20,374,962 18,860 ,854
1,908,854; 18,896,966 17,803 ,275249,3151 2,296,701 2,393 .793
681 .430
79,7631
774,626
1,169,291 10,625,849 10,034 .172
201,6381 2,125,178 1,995 ,048
827,171 7,599,507 7,211 ,997
457,866 5,427,124 5,047 .280
204,497 2,001,459 1,878 .417
2,233,548 20,083,718 18,496 ,052
835,579' 8,166,469 7,433 ,069
4,807,250:49.707,612 46,352 ,976
443,855 4,746,031 4,428 .974
10824060; 102449613 94.773 ,713
Inc. 4,92 9,000
,500
_
1.715
_
Georgia RR
February
Georgia Coa«t A P‘t December
221,901
958,086
518,958
226,109
2,438.706
903,579
5,153,720
539,493
Previous
Year.
_
1.461 ,055
1,685,231
201,551 110,331,345 9,047,566
25.832
210,689
195,768
60,467
466.562
56,968
399,541
1G.8S6
18,062
143,582
136,16 1
39 ,856
39,399
282,361
269,161 j
380,800
352,200 16,101,321 14,963,192
25.814
24,618
981,247
862,379
100,736
110,942 3.178,459 3,172,826
56,339
54,960 2,462,475 2,328,579
3.750,645; 3,635.419 34,901 ,848 33,696,843
.
1,077,047
Current
Year.
..
259,327
28,384
—
7.814,163
3,700,694
405,399
271 ,456
2,350,704
2,014,521
231,870
76,586
July 1 to Latsl Date.
Previous
Year.
3
_
t ra i.
Tor':: (Yu trai.
York < • r- Ira;
1 85.338
164,827 !
.
.
RalelghA Southport
Reading Railway.
.
Apr
.
.
Set; New
.
_
1st wk
—
Pitts Cln ChlcASt L February
Pitts A Lake Erie —See New
24,794
8,084,937
6,837,859
4,410,208
.
February
_
_
Philadelphia A Erie February
4,331 ,720 4,045.356 40,711 ,382 37,427,598
February
4.834 ,2.V! 4,589,365 46,006,992 42.370.548
February
94 3,828 | 9,547,394
975,086
February
8,935,870
1st wk Apr
31,542
30,319 ! 1,302,851
1,331,387
.—See Sout hern
it. Sway
—See New
—See Now
_
_
Phlla Halt A Wash. February
16,514^824'16,0571659
.
_
February
February
February
.
_
....
March
_
.
Current
Year.
____
February
February
February
February
_
Chesapeake A Ohio. February
11,931,139 1,967,689
Chesterlield A Lam February
5,1 96
3,723
1 ,004,418
Chicago A Alton Ity February
867,479
Chic Great Western 1st wk Apr
138,198
149,752
Chic Ind A Loulsv. 4th wk Meh
164,084
143,097 i
page.
Previous
Year.
31
3,822,696 3,619 432
31
14,723
15,041
31
45,259
49,579
31
13,291
15,101
1 nets non
31
1 807 20()
31
299 j)63
279,643
31 21,788,770 21,292,254
31 10,429,137 10,023,253
31
1,192,070
1,323,050
31
733,956
621,099
31
6,718,518 6,304,144
31
5,664,572
5,516,538
31
698,978
739,974
31
222,660
213,848
31
3,191,511
3,249,728
31
593,839
575,251
31
2,583,298 2,446,178
28
1.895,715 1,783,315
28 24,036,572 22,820,572
Inc. 857. 500
28
28
2 412,756
2 284,556
28
1,225,459 1,175,358
28
4,892,334
4,593,84*
31
139,583
103,69*
Apr
7
Feb
28
4,743,901
552,254
3.772.72*
*29,854
EARNINGS—Weekly and Monthly.
!
Monthly Summaries.
4th
1st
2d
3d
4th
1st
2d
3d
4th
1st
week
week
week
week
week
week
week
week
week
week
Jan
Feb
Feb
Feb
Feb
Mch
Mch
Mch
Mch
Apr
(46
(43
(39
(42
(43
(43
(43
Cur’nt
Year\ Prev’s Year.
S
S
13,830,670
8.564.371
roads)
roads)
14.215,044'
roads)
9,477.481!
roads)
roads)
roads)
9,780,541!
10,828.667
0,747,374
10,161,319;
(44 roads)....
(41 roads)
(29 roads)
14,765,658'
7,489,379
roads)....
8.688,9961
10.149.400
8,672,351
8,954,573
10,201 ,031
9,025.944
9,292,598
8,978,802
13,485,514
6,588,533
Inc. or Dec.
%
Monthly Summaries.
$
2.78
805,130
825,968
627.636
+ 721 430
9.28
9.22
6.15
7.99
-*-868 .721
9.35
+
Year Prev’s Year.
S
+ 384.974
+ 124.625
+
+
Cur'nt
1
46
j
j
!
1
!
+ 1 ,170.604 13.15 |
+ 1 .280.144
9.49
+ 900,846 13.7 111
ji
Month
Month
Month
Month
Mont!)
Month
Month
Month
Month
June 1906 (113
July 1906 (117
Aug 1906 (118
Sept 1906 (122
Oct
1906 (IP.)
Nov 1906 (1 23
Dee
Jftn
Feb
Month Mch
1906 (127
1907 (123
1907 ( 67
1907 ( 66
roads)
roads)
roads)
roads)
roadsi
roads).
roadsi
roads)
roads).
roads).
146,010
168,336
179,191
184,551
198,733
301
461
945
471
229
186 096 274
184,235 595
173,212 305
65,168 022
77,540, 501 *
Inc. or Dec.
%
S
130 .233,293 + 15,777,008 12.11
148 .013,565 + 20,322,896 13.73
159 .835,022 + 19.356,923 12.11
171 553,520 + 12,997,951
7.58
179 .405,267 + 19.327.962 10.77
175 .727,985 + 10,971 ,289
6.24
170 .746.769 + 13,488 826
7 90
162 ,623,883 + 10,588.422
6.51
63 .850,213
+ 1 .317,809
2.06
71 ,896,303
7.85
+ 5.644,198
Mexican currency,
b Includes earnings of Gulf A Chicago Division,
c Includes the Houston A Texas Central and Its subsidiary
lines In both
years,
d Covers lines directly operated,
c Includes the Chicago A Eastern Illinois In both years,
f Includes Evansville A Indiana RR.
h Includes
earnings of Col. A South., Ft. Worth A Denver City and all affiliated Hues, excepting Trinity A Brazos Valley RFt.
k Includes in both years earnings
•of Denver Enid A Gulf RR., Pecos System and Santa Fe Prescott A Phoenix Rv.
a
Apr. 13
863
THE CHRONICLE,
1907.]
Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the first
week of April.
The table covers 29 roads and shows
12.71% increase in the aggregate over the same week last
year.
Year.
Year.
Year.
Year.
$
$
5
$
Roads.
)
1907.
April.
Increase. | Decrease.
1906.
$
134,890
101,700
1 ,469,000
138,198
31,542
259,327
Chicago Terminal Transfer
Colorado & Southern
Denver &
65,710!
121,700
i
164,000'
!
1,223!
57,796.
28,600
24,618
56,339
1,305,000
149,752
30,319
201,551
352,200
23,814
54.960
823,466
733,924
89,542!
125,000
125,826
55,164
914,435
191,131
13,756
69,562
401,927
710,000
29,000
300,334
97,000
116,468
57,197
840,750
147,320
14,161
28,000!
380,800
Rio Grande.
Detroit & Mackinac
Duluth South Shore & AtlanticGrand Trunk of Canada
^_]
Grand Trunk Western
}
Det Gr Haven & Milwaukee.|
Canada Atlantic
J
International & Gt Northern
Interoceanic of Mexico.
Iowa Central
Louisville & Nashville
Mexican International
Mineral Range
$
S
$
69,180
20,000
11,554
d These
804;
Minneapolis & St/Louls
Missouri Kansas & Texas
Missouri Pacific & Iron Mtn
Central Branch
National RR of Mexico
St Louis Southwestern.
Texas & Pacific
Toledo St Louis & Western
Wabash.
Western Maryland.
j
Total (2!) roads)
Net increase (13.71 ?o)
For the fourth week of March
Road.
405
624 ,000
86.000'
1,000
43,329,
24,521)
349,607
2,839,706
60,675)
976
54,776;
J
937,407!
36,561
•
Increase.
1906.
Decrease.
%
27,125
.
_
..
..
Cape Breton Elec Co. January
__
Central Penn Trac
February
Chari Coit Ry Gas & El February
Dallas
227,144
86,940
20,229
164,126
6,195
6, * 1 7
19,734
49,763
52,478
52,777
73,916
_
(Vn Trae January
Chicago & Mllw Elec.
^Chicago & Oak Park
Cleve Painesvtlle A E
Cleveland A- Southw.
final statement covers
Year.
{March
aAmeriean RysCo
cAur Elgin & Chic
Burlington
5,848!
Current
December
Albany & Hudson
Ry February
Binghamton Ry
February
Blrm Ry Lt & Power February
Brockton & Ply St Ry January
increase in the aggregate over
1U07.
Fourth week of March.
6,823
Week or
Month.
1,569
900,846’
our
266
5,966
Name of
43,811
—
41 roads and shows 9.49%
the same week last 3Tear.
def. 53
Latest Gross Earnings.
73,685!
97,394
6,588,533
543
4,344
HecCorp’n
.
.
February
.
March
January
February
18.031
44 ,707
_.
.
_
87,324
9,945
164.054
15,708
144,638
__
37,043
January
Detroit Jack’n & Chi. 4th wk Mch
/Detroit United Ry._ 4th wk Mch
Duluth Street Ry... 1st wk Apr
East St Louis & Sub. February
El Paso Electric
January
Ft Wayne & Wabash
Valley Traction
February
Galveston Electric Co January
Hartf & Spring St Ry . February .
Havana Electric Ry.|Wk Apr 7!
Honolulu Rapid Tr &
I February
Land Co
83,340
.
S
Previously reported (22 roads). 9.309,660!
318 ,5811
Central of Georgia
4,741
Chattanooga Southern.
j
164,084
Chicago Indianapolis & Loulsv.j
4
3,5 53 i
Chicago Terminal Transfer
100,736
i
Detroit Toledo & Ironton
94.224
Duluth South Shore & Atlantic.
64,514’
Gulf & Ship Island
203,972!
Interoceanic of Mexico.
1,369,975|
Louisville & Nashville
200,643 i
Mexican International
Mineral Range.
24,788!
329,043
Minneapolis St Paul & S S M —
369,675
Mobile & Ohio
National Railroad of Mexico
426,969;
12,695
Rio Grande Southern
{
Southern Railway
' 1,518,525
41,745
Texas Central.
!
31,939
Toledo Peoria & Western
j
135,587!
...I
Wheeling & Lake Erie
,
$
$
$
8.107,314 1,247,836
183,545
1,262,986
258,193
24,093
301,809
342,408
418,378
13,972
45,481
263
_
20,987
6,790
10,206
7,469
1,398
57,550
695
27,234
-
1,277
44,542
.
January
.;
_
Houston Electric Co. January
Illinois Traction Co.. February
..
.
3,109
23,143
201,698
196,000
75,611!
19,364
138,788
5,736
ff
Roads.
Ala Tenn & Northern
.Feb
.
July 1 to Feb 28.
4,697
31 ,891
5,197
14,723
15,041
Bridgeton & Saco Riv.b Feb
July 1 to Feb 28..
3,008
31,781
2,937
32,284
.
2,912
17,578
4,892
.Mch
Bellefonte Central.b
Jan 1 to Mch-31..
647,799
643,857
Chicago Gt Western.b. Feb
5,957,667
6,426,277
July 1 to Feb 28..
408,906
411,022
Chic Ind & Louisville.a Feb
3,964,843
3,949.886
July 1 to Feb 28..
126,990
135,562
Chicago Term Transfer. 1 bFeb
1,152,801
1,137,396
July 1 to Feb 28..
.Feb
164,827
186,338
Colorado Midland.a
1,461,055
1,685,231
July 1 to Feb 28..
1,405,981
Denver & Rio Grande, b .Feb 1,500,940
14,079,121 13,162,292
July 1 to Feb 28..
Inc
Feb
19,978
Long Island.b.
Inc 651,895
July 1 to Feb 28._
Mch
5,403
4,151
Manistlque.b
15,101
13,291
Jan 1 to Mch 31..
Feb
443,855
539,493
Pacific Coast
4,428,974
4,746,031
July 1 to Feb 28.
543,723
595,663
Philadelphia & Erle.b. Feb
1,175,358
1,225,459
Jan 1 to Feb 28..
_
809
11,167
83,402
1,203.328
49.061
438.231
32,000
422,697
468,156
5,253,442
.
48,529
426,874
39,293
396,599
495,966
5,249,979
Dec 97,707
Inc 195,656
479
def2,492
defl ,141
1,233
101,887
993,692
71,455
79,856
162,909
990,871
36,721
126,003
17,784
26,221
9,870,533
37,492
271,976
2,182,843
410,538
3,196,325
102,217
1,007,962
15,591
214,927
16,248
223,528
_
.
a
490
154,240
1,805,833
109,182
1,392,683
.
,
_
1,120
5,293
1,188
3,012
10,310
.
Jan 1 to Feb 28..
Seaboard Air Line.a... Feb 1,393,686
10,590,502
Julyl to Feb 28..
96,318
Tol Peoria & West.b.. .Mch
957.171
July 1 to Mch 31..
2,626
15,584
108,995
1,821,413
_
Pocahontas Collieries... .Feb
$
$
4,435
28,270
1,318,608
54,341
deducting taxes,
before deducting taxes.
Net earnings here given are after
b Net earnings here given are
or
deficit below these charges:]
39.835
286,724
5,736
6,195!
6,200
19,900
6,-17
95,362
104,306
80.036
211,809
15,858
86,285
78,327
18.031
94,265
87,324
654,347
1,407,587
191,944
309,148
37,043
1.206,335
176.934
277,010
27,346
71,951
19,350
174,518
152,096
9,140
25.548
19,737
19,350
18,434
413,408
17,806
464,236
29.702
15,944
50,093
262,363
26,911
14,832
43,077
212.272
58,083
21 .087
19,135
54,870
14,832
43,077
15,944
50,093
541 ,4 40
240,034
449,320
210,25©
902,530
9,745
24,913
814.081
866,970
788.268
_.
10,104
_.
31,727
75,032,
22,390!
229,000“
688,900|
582,262!
102.074!
_
.
232 ,443
51 .262!
1,076 ,992
242 .049;
74 .953)
147 ,789i
399 ,671:
28 ,912!
23 .596
211 .176!
127 ,584|
78 .814
_
Portland Rys Co
January __i
Rockford & Interurb February _!
St
Joseph (Mot Ry Lt
127,584' 125,617
37,365
32,685)
!
66
45
155
i
90
Syracuse Rap Tr Ry.:February .]
43
Co..
January
Tampa Electric
Terre Haute T & L Co January
j 76
153
Toledo Rys & Light. February .
62
Toronto Railway
Wk Apr 6
Tri-City Ry & Lt Co. December • 157
156
Twin City Rapid Tran 4th wk Mch
/z562
United RR of S F
December
Heat & Power Co.. March
Savannah Electric Co January
South Side Elevated. March
..1
..
j
_
United Rys of Balt..
United Rys of St L._;
December
February
'Vaslt Alex & Mt Ver.! December
Whatcom Co Ry & Lt January
|
,820
.442!
.350,
.424'
,994
,471
.744
,830
.239!
.971
.200
764,680!
18.459!
_
.!
29.063
198.230,
45.442)
65,406
49,618
147,972
78,766
37,839
59,831
142,811
53,202!
144,535;
433,118;
187,549!
43,994,
76,471,
324,428;
68,316
17,309
220,880
605,026
530,533
85,650
203', i 64
45,974
1,005,086
221,440
53,535
123,831
374,856
18,273
19,343
182.630
125,617
67,981
192,198
49.618
424,309
164,368
37,839
59,831
301,864
!
134,948
1 ,353,315
631.004 ho .955,787
I 6 .579,821
713,664
1 .591,017
20.5281
2~3.266
29,063
23,971
1,203,177
7.059,003
6,023,698
1.495.452
251 .643
23,971
a Figures for the month In both years Include operations of the Scranton
b Figures are from Feb. 1. c These figures are
Ry., acquired Jan. 1 1906.
d These are results for main line. / Now in¬
cludes Rapid Ry. Syst\. Sandwich Windsor & Amherstburg Ry. and Detroit
Monroe A Toledo Short Line Ry.
h These are early preliminary returns;
decrease clue to earthquake, fire and strike among employees, Aug. 26 to
Sept. 5 1906.
for consolidated company,
Street Railway Net Earnings.—The following table gives
the returns of STREET railway gross and net earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
The
this kind will be found in the issue of March .‘10 1907.
next will appear in the issue of April 27 1907.
Gross Earn gs
Previous
Current
Roads.
Dallas Eletc Corp.a..
Previous
Year.
Year.
Year.
$
5
$
78,327
16,159
26,972
Feb
83,340
174,518
71,951
152,096
27,423
59,837
b Feb
29,702
58,083
26,911
31,070
67,453
13,268
25,210
40,250
33.852
106,541
17,150
Manila.El Ry & Lt Co._
Jan 1 to Mch 31
Mch
Jau
Troy & New England.b—
1 to Mch 31
Jan
July 1 to Mch 31
11,661
22,634
78,000
54,870
72,500
229.000
220,880
113,250
74,953
53,535
28,857
66,820
198,230
65,406
192,198
32,949
92,950
3,910
2,432
23,971
802
581
3,081
7,647
25,173
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
a
$
87.324
Ft W & Wab Val Tr Co..
Jan 1 to Feb 28
Honolulu RapTr&LtCo
Jan 1 to Feb 28
Net Earnings
Current
Year.
..Jan
St Jo RyLtHt APow Co__Mch
Jan 1 to Mch 31
above
4 2,308
352,047
138,409
14,315
133,818
27,346
9,745
10,104
Jackson Consol Trac. January
24,913
31,727
Jacksonville Elec Co. January
423,509 386,751
Kan City Ry & Light: February .
66,560
70,845
l^ake Shore Elec RyJ December
30,509
35,267
Lex<Sc Inter RysCo.. February J
10.862
8,503!
Madison & Int Trac.I!February
72,500 j
78,000
Manila ElecR&L Corp!March
j
214,162'
239,925
Met West Side Elev..’March
:
254.5121
Milw Elec Ry & Lt Co February _j 277,271
40.804
48,607
Mllw Lt Ht & Trac Co February
52,566
63,094
Montreal Street Ry. AVk Apr 6
97,232
Nashville Ry & Light February _! 109,498
22,006
23,571
N J & HR Ry&Fy Co February
535.338
506,508;
N O Ry & Light Co.
February
116,858 106,472:
Nor Ohio Trac & Lt__ February
Nor Texas Trac Co.. January
j 74,953! 53,535'
Norf & Portsm Tr Co January
i 147,789, 123.831'
138,483! 131,989!
Northwestern Elev._ March
8,916'
14,005!
Oklahoma City Ry.. February ,|
9,133
10,957'
Peekskill Light & RR February . |
1.3.879!
13,045
Pitts M’K & Green.. i December
Nor Tex Trac Co.a
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the foregoing,
also report charges for interest,i&c., with the surplus
574,532
155,869
19,734
104,069.
107,812
115,408
213,069
..
Net Earnings
Current
Previous
Year.
Year.
%
630,704
175,832
6 ,‘*oo
19,900
45,531 i
50,7931
36,593
74,145
1 5,858
39,718
78,327
date.
Previous
Year.
$
$
25,24 1
..
Net Earnings Monthly to Latest Dates.—Thcltablc fol¬
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of March 23 1907.
The
next will appear in the issue of April 20.
to latest
Cu rrent
Year.
_
12,686
1,280,144
Gross Earn gs
Current
Previous
Year.
Year.
$
$
from surplus and
! Jan. 1
Previous
Year.
.
27,267
8,591
29,059
35,048
158,730
Houghton Co St Ry.
IndtanapCol & South December
20,427
106,989
1,563,067
25,548
9,166
32,687
..
9.600
328,181
4,478
143,097
50,343
110,942
86,755
63,116
14,765,658 i 13,485,514 1,481,842:
Total (41 roads)
Net Increase (9.49%).'.
and
figures are after allowing for other income and for discount
2,033
______
304,533
7,489,379
543
4,344
STREET RAILWAYS AND TRACTION COMPANIES.
1
488,436
108,572
190.710
275,931
69,715
2,112
9,358)
71,131
30,000
257,005
166,189
215,256
68,739
433,660
102,724
—
888
2,384
909
exchange.
The sum of $10,000 Is deducted every month
placed to the credit of the Renewal Fund.
b Includes sinking fund and preferred stock dividend.
x After allowing for other Income received.
1,379;
!
.
817
d\18,732
dl60,385
337,716
2,775,838 £2,562,409 d2,634,850
9,651
.Feb
1,066
616,570
616,718
Pocahontas Collieries
3,823
21,129
b33.669
633,212
Jan 1 to Feb 28..
.rdf. 63,333
X106,347
.Feb' 335,529
304,411
Seaboard Air Line
XK 19.471
2,599,918 2,391.939 Xdf.402,569
July 1 to Feb 28__
def 7.2 2 3
def8,882
Mch
23,471
24,473
Tol Peoria A West
16,578
dcf2,662
206,950
217,594
Juyl 1 to Mch 31._
Denver & Rio Grande....Feb
July 1 to Feb 28.
_
Buffalo Rochester & Pittsburgh
Canadian Northern
Canadian Pacific
Chicago Great Western. _i
300
900
303
Mch
Bellefonte Central
Jan 1 to Mch 31..
Bridgeton A Saco River .Feb
July 1 to Feb 28..
First week of
—Bal. of NetE'ngs.—
Current
Previous
—Int., Rentals, Ac.—
Current
Precious
Latest Gross
32,019
94,973
864
THE CHRONICLE
Interest
Charges and Surplus.
—Int., Rentals, &c.—
Current
Previous
Year.
$
Year.
Roads.
$
—Bal. of XelE,ngs.—
Current
Year.
$
Previous
Year. £
5
«
10,550
14,93%
def391
Honolulu Rap Tr & Lt Co Feb
July 1 to Feb 28
6,394
12,788
5,080
10,515
£7,377
£13,305
£13,281
el0t138
9,942
18,713
9,208
.Jan
12,033
£7.168
Troy & New England—
x
Jan
1 to Mch 31..
July
1 to Mcb 31..
After
184
713
100
01S
3,412
2,308
'
481
4 ,235
allowing for other Income received.
Annual Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last edition
of the “Ry and Industrial” and “Street
Railway” sections.
This index does not include reports in to-day’s “Chronicle.”
Railroads—
Pane.
Industrials—0Concluded.)
Paoe
Chicago Gt. Western (half-year) 752 Federal Sugar Ref. (app. to list) .691
Chicago Indiana & Southern RR. 803 General Ohemloal
269
Chicago Peoria & St. Louis
505 Guggenheim Exploration.
505
.
155
Green Bay & Western
Huntingdon <$c Broad Top Mtn.
RR. & Coal
Lake Shore &
...
623
455
Havana Tobacco.
Hudson River Telephone
Illinois Brick (bal. sh. Dec. 31).
689
International Salt.
339
International Silver
Intern. Smokeless Pow. & Chem.
Kansas National Gas
Mich.
So..744, 753
Maryland 6c Pennsylvania
390
New York Chicago & St. Louis. 155
Norfolk 6c Southern
Northern Central
504.
Rutland RR
Pennsylvania RR
566,
Phlla. Baito. & Washington
159
513
623
567
511
337
802
567
393
568
218
i 8J
Keystone Telephone, Phlla
L.aekawanna Steel
Lehigh Coal & Navigation.....
568
447
Mackay Companies
Mfrs. Light & Heat, Pittsburgh.
574 Marsden Co
749 Maryland Coal.
391 Massachusetts Lighting
448
752
452
691
801
452
807
389
752
388
506
747
802
452
452
511
452
27*
.
Amer. Soda Fountain (bal. sh.)_
272
Am. Sugar Ref. (bal. sh. Dec.31)
Amer. Telep. & Ttlegragh__746,
American Woolen.
American Writing Paper
Associated Merchants (half-yr.).
Bell Telephone Co. of Canada._
Bell Telephone Co. of Phlla
Bell Telephone Co of Missouri.
Bethlehem Steel Corporatoin
Bush Terminal
448
.
Cambria Steel
Canadian General Electric
Central Just. 6c Print. Tel. Pitts.
Central Leather
Central 6c South Am. Telegraph.
Chesapeake 6c Potomac Teleph.
Chicago Jet. Rys. & Union Stock
Yards..
Chicago Pneumatic Tool
Colorado Telephone..
Consolidated Cotton Duck
Consoima'ed Gas of New York.
Consolidated Rolling Stock
Consolidated RubberTIre
Consolidation Co. of Maryland._
Creamery Pkg. Mfg.. Chicago..
Cumberland Teleph. <5b Teleg
..
Daly-West Mining.
815
567
506
510
695
451
510
805
(69.65)
24,594,851
(69.45)
22,450,823
21,922,160
4,377,956
3,623,136
3,623,136
3,585,395
Add—Dlv. on Lake Shore &
Mich. So. stock owned.
Dividend
on
Michigan
Central stock owned._
Dividend and Interest on
other securities
Interest on loans,
and sundry bills
Interest, rentals, &c
joint facilities
Use
Total..
Net Income
Deduct—
Reserve to redeem bonds
Dividends
Rate of dividend
Special improv’t fund for
448
505
631
Chicago City Ry._
3,122,328
3,007,463
2,315,885
251,031
Rentals
Miscellaneous
Total
.92,089,769
Expenses —
Maintenance of.’way. &c. 10,718,599
Malnt. of equipment
14,569,057
Transportation
37.267,589
General
..
Total
.-.64,953,695
31,118,351
28,919,560
27,928,142
8,214,520
9,501,170
2,924,594
1,011,557
8-,223,557
9,508,499
2,726,021
7,092,483
9.466,767
2,451.901
1,143,438
7,579,312
9,479,955
2,617,014
783,148
457,500
287,381
486,453
386,025
154,750
303,812
109,631
243,974
all8,938
22,567,904
10,967,647
22,242,503
8,875,848
21,064,821
7,854,739
20,212 ,279
7,715 ,863
150,000
300,000
7,832,885
6,612,500
(5%)
6,612,500
300 ,000
6,612 ,500
(5%)
1,500,000
(?)
595,095
(?)
75 ,591
8,857,595
18,253
(?)
(?)
7,695 .190
20 ,673
1904.
Total..
Six months only;
804
446
750
688
Year end.
June 30 ’04.
$
46,233,676
24,174,034
24,050,121
2,615,895
2,179,555
262,042
2.160,660
171 .794
2,405,313
2,208,271
168,946
86,095,602
78,573,209
77,682,221
9,984,101
13,238,125
34,360.221
2,385,582
9,487,347
10,900,875
32,097,450
2.023,694
10,090,893
11,358,295
32,289,027
2,021,846
5 4,509.366
GENERAL
BALANCE SHEET DECEMBER
1906.
Assets—
1905.
5
Cost of road-
Equipment-.
Stocks owned
Bonds owned
Real estate, not
used In oper. of road
Bridges at Albany
Grand Central terminal Improvement
Advances.
Sinking fund
Traffic balances receivable
Sundry collectible
accounts
Loans and bills receivable
'
Fuel and supplies
Seeuiltles acquired from lessor cos
Items In suspense.
Total assets
Liabilities—
145,859,780
24,084,906
15,477,410
50,536,413
50,565,446
134,850,608 127,184,697
8,716,204
8,621 .OTO
1,858,484
2,945,105
2,256,363
2,2 56,363
2,256,363
7,010,681
471,490
822,694
3,013,594
6,996,748
4,908,728
13,014,589
6,477,370
3,036,813
3,306,412
556,865
2,558,326
13,371 ,116
5,487,635
6,262,354
9,771 ,895
5,313,079
3,036,813
2,869,593
449,081.039 411.822,701 402,137,50S
178,177,800
4,900
Bonded debt (see“Ry. & ind.” Sec.) .230,414,845
Bonds and mortgages payable
150,000
Wages and supplies
Traffic balances payable
Interest and rentals accrued
Dividends payable January.
Dividends and Interest unclaimed
Sundry accounts payable
Loans and bills payable
Bonds, past due
Total liabilities
—V. 84, p. 693. 571.
147,942,835
6,993,639
7,729,634
6,305,921
16,735,918
7,098,763
3,036,813
3,485,217
-
31.
1904.
5
.152,933,107
24,707,522
56,504,918
142,128,392
12,282,661
Leased lines, construction, &c
Cash
707 ,099
other six months Included in expenses.
1
9,594,496
2,708,559
2,542,430
2,237,967
81,273
1,537,562
187,000
4,790
2,353,474
3,036,813
2,017,576
14,631,554
132.245.100 132,245,100
4,900
4,900
230,414,845 226,622,748
150,000
150.000
8,968,051
7,235,745
5,345,783
2,000,459
5,924,878
5,834,530
1.653,125
1,653,125
76,161
74,022
1,751,139
1,261 ,393
2,655.000
5,090,000
4,790
4,790
1,222,950
276,568
3,036,813
3,036.813
2,017,261
2.053,445
1,739.844
14,612,120
14 ,593,868
..449,681,039 411,822,761 402,137,503
On pagt s
balance, sheets have been
as
1906.
46,932,254
2,410,235
'
(Report for Fiscal Year ending Dec. 31 1906.)
874 to 876, inclusive, is published the report in
full, s gued by W. II, Newman, President; also the balance
sheet and comparative tables of traffic,
equipment, Ac.
Statistics.—Operations, earnings, charges, vfcc., and the
624
570
567
3,490
2,724,231
.-...10,948.214
19,433
Surplus for year
(5 %)
Michigan Central RR.
$
2.71 1 ,344
(5}^%)
815,103
74 6
-
'—
52,312,331
25,761,387
2,868,942
59,968,029
33,535,551
follows:
OPERATIONS AND FISCAL RESULTS.
FISCAL RESULTS.
Malls
552,442
746
570
equipment, <fcc.
Below is given a four-year comparison of the
earnings,
expenses, charges, operations, *&c.:
$
900,590
343
745
comparative tables of traffic,
3,784
1,195,573
897,857
Securities In trust for lessor companies
Accounts with lessor companies
Items In suspense
Profit and loss
_•
On pages S72 and 874, inclusive, there is
published the
report at length signed by Mr. W. II. Newman. President;
also the balance sheet and
54,824.283
28,568,778
1,272,439
S69.165
Special Improvement fund
iReport for Fiscal Year ending Dec. 31 1906.)
Earnings from —
Freight
Passengers
Express
672,572
equip. & better’ts. 2,800,000
Uncollectible charges and
miscellaneous
315,329
New York Central & Hudson River Railroad.
Miles operat' d
672,572
748
449
453
802
...
1906.
672,572
1,329,935
new
CONDENSED
(71.7S)
812,691
Interest on funded debt..
Rentals leased lines
Taxes on real estate
Tax on capital stock
Mlsc. taxes, lilt, on loans,
&c., and mlsc. Items..
St. L. A. 6c T. H. Ry.,
a
$
1,647,926
395
453
510 Georgia Railway & Electric....
Diamond Match
74 7 Havana Electric
Dominion Coal
505. 514 International Traction, Buffalo.
Du Pont (E.T.) de
Nemours.449,690 Inter-State Railways, Phila
Eastman Kodak...
801
Loulsvljle Ry
Electric Storage Battery
747 Metropolitan West .Side, Chicago
Electrical Development Co
696 Twin City Rapid Transit.
Empire Steel 6c Iron
510 United Rys. Invest. Co.. San Fr.
Fairmont Coal
696 United Railways of St. Louis...
-Calendar Year
1905.
3,774
$
$
notes
Consolidation certificates
577
752
30 ’04.
une
1,532,722
Capital stock.
569
Richelieu & Ontario Navigation. 453
Sloss-Sheffield Steel & Iron.625, 800
Somerset Coal
697
Southern New.Eng. Telephone. *'75
J
S
1,533,019
447
569
506
577
Year end,
1904.
New construction (addl-1
$
tlons, betterments)__ i 1,308,261
New equlp’t (additions) J
Per cent exp. to earns
(70.53)
Net earnings
25,827,813
3 12
Quaker Oats
Quincy Mining
Railway Steel Spring
805
695
751
392 Spring Valley Water
505 Tamarack Mining
801 Toronto Electric Light
510 Union Natural Gas Corp., Pitts.
Union Oil. California
446 Union Switch & Signal
389 United Box Board &
Paper
573 United Cigar Manufacturers
801 United Copper (13 mos.)
219 United States Leather
567 United States Steel Corp. .624,
627 Warwick Iron & Steel
690 Washington Ry. & Electric
Street Railways—
269
393
452
691
Pennsylvania Telephone.
342
People’s Gas Lt. & Coke, Chic.. 388
Pittsburgh Coal.
389
Pittsburgh Plate Glass
Pressed Steel Car
Prov. Loan Society of N. Y
1905.
274
Phlladeipuia 6c Erie
Pitts. Cine. Chic. & St. Louis 800-812 Mexican Light & Power
Pittsburgh & Lake Erie
688 Mexican Telegraph
Texas & Pacific
687 Milwaukee & Chicago Breweries.
Vandalia RR
804 Missouri & Kansas Telephone
West Jersey & Seashore
572 Montana Coal & Coke
Industrials —
Montreal Steel Works
American 6c British Mfg. Co.,
National Biscuit
National Carbon
American Can.
337 National Fire-Proofing
American Cigar
567 National Lead
Amer. Dist. Tcleg. Co. of N. J_. 572 Nebraska
Telephone
Araer. Dist. Telcg. Co. of N. Y_ 222 New York & New
Jersey Teleph.
American Ice Securities
690 New York 6c Richmond Gas
American Iron 6c Steel
690 Nova Scotia Steel & Coal
American Pipe Manufacturing._ 218 North American
..269,
American Radiator
6 25 Osceola Consolidated
Mining
American Snu IT.
567 Otis Elevator
....
1906.
Gross Income
Disbursements—
ANNUAL REPORTS.
Cleve. Cln. Chic. & St. Louis
Delaware & Hudson
Del Lackawanna 6c Western
LXXXIV
■Calendar Year
Dallas Elect Corp.
Nor Tex Trac Co
[VOL.
55,760.061
Miles operated
1905.
1904.
1903.
1,745
1,745
1,653
1.653
523
512
391
461
461
4,818,764
15.273,012
1,401,169
5,094.699
16,161.324
1.296,177
21,492,945
22.552,200
Equipment —
Loco mo 1lves
Passenger equipment
443
383
377
Freight equipment
18,889
16,394
- 14,606
15,097
Operations —
Passengers carried..
4,479,173
3,923,866
3,657,010
3,859,743
Passenger mileage .....277.360,478 249,329.847 229,794,138 235,947,41 1
Rate per pass, per mile.
2.10 cts.
2.06 cts.
2.06 ets.
2.159 cts.
Freight (tons) moved.. 15,816,491
14,159,886
13,551,195
14,116,813
Freight (tons) mileage.. (72.910,834
a2.585,063
(7.2,336,886
at,457,745
Av. rate per ton per m__
0.628 cts.
0.615 cts.
0.641 cts.
0.658 cts.
Ear ning s—
Passenger
$
$
Freight
5,928,874
18,650,230
Mall, express. 6cc
hi.696,484
5,225,528
16,255,481
hi,802,859
Total gross earnings..
Operating Expenses—
26,275,588
23,283,868
Malnt. of way, &c
Malnt. of equipment.,..
3,489,1 89
5,542,578
12,141.72 1
556,776
3,418,740
4,386,927
10,518,814
541,435
962,002
Transportation
General
Taxes
Total oper. expenses.
P. c. op. exp. to earns..
Net earnings..
1,001,741
22,732,005
(86.55)
3,543,583
$
$
3,135,125)
3,261,044)
10,130,382
514,4641
1,111,653
17,973,470
19,827,918
(85.15)
18,152,068
18.862.321
(84.46)
(83.64)
3.455,950
3.340,277
3,089,879
888,851
a Three ciphers omitted,
h Includes rentals ($24,802 In 1906 and $72,502
In 1905), this Item being included iti other income In earlier
years.
Apr. 13 1907.
IA’COM E
Receipts—
Net earnings.
Income from investm’ts.
Total Income
Disbursements—
A CCO UN T.
1903.
$
3,455,950
315,812
$
3.340,277
63,471
$
3,689,879
54,932
3,771,762
3,403,748
3,744,811
1903.
§
3,543,383
402,004
3,945,587
361,202
541,310
521.39S
566,310
2,073,850
2,015,320
1,989,663
1.978,641
317,599
221,785
(5 %> 936 ,900(4 %) 74 9 ,520(4 %) 749 ,520(4 %) 749 .520
.
Total
3,894,659
' 3,547,827
3,280,493
3,249.559
50,928
223,934
a 123,255
495,252
Surplus..
a
1904.
1906.
Rent (incl. Can. Sou.)..
Interest on debt
Interest on loans, &c
Dividends
There
was
received
also
from
sale of property, premium on bonds
&c., 5397,215.
sold,
BALANCE SHEET DEC. 31.
‘
1905.
1906.
Liabilities—
$
S
and
[Capital
IS.738,000 18,738,000
49,429,400 49,511,721 [Bonds (see Ry. ,&
equipment
Investments
7,185,515!
(Ind.” section).25,265,000 25,295.000
10.S33.33S
Real estate, <ke.,
1 Bills payable
6,250,000 4,450,000
not used In oper.
31G.727 i Wages & supplies.
862,609
308,557
96,176
Loans & bills rec.
jTrafficbal. pay’le.
473,349
2S0.935
Ind. Harbor RR. \354.960J 2,321.347 |Int. unclaimed...
286,273
29.265
do
other co s..
■
' \
J
134.073IDivs. unclaimed..
5,257
8,171
Traffic bal. receiv. 2,913,749
2,883.163!Sundry accts. pay. 3,820,005 3,257,656
Sundry collectible
348.865
| Accr’d int. & rent.
362.597
accounts
1,260,677
1,038.095 [Dividends
562,140
374,760
Fuel and supplies. 2,119,735
1,574,432!Canada Southern.
254.238
Cash -.
1 198,814iItems in suspense. 1,906,640
578,653
4,420,905
llncomo account.. 9,012,962 8.S04.157
1906.
$
Ass* is—
Cost of road
‘ 1905.
$
!
I
1
Total
67,799.069 66.163.SS9!
—V. 84. p. 693, 339.
67,799.069 66,163,989
Total
whose $20,000,000 capital stock is owned
by the Lake Shore and the Michigan Central ($17,000,000
being held by the former and $3,000,000 by the latter),
reports as
follows through its President, W. H. Newman:
Consolidation.—The report covers the operation of
the following1 mileage:
Danville, Ill., 109.09; South Bend, Ind., to Ladd,
Ill., 202.96: total mileage owned (excluding Dune Park extension, 16.34
miles, which is operated by the Indiana Harbor RR. Belt Line), 312.05;
lines operated under trackage rights, 28.02; total mileage operated, 340.07.
Indiana Harbor, Ind., to
The company was formed by tlie consolidation of the Indiana Illinois &
Iowa RR. Co. and the Indiana Harbor RR. Co., an Indiana corporation,
under date of April 9 1906.
On tlie same date the company acquired the
entire capital stock of the Danville & Indiana Harbor RR. Co.
Although
the new company was not formed until April 9 1906, this report covers
operations of the former companies, which were merged at that time, from
Jan. 1, so that a full year’s results are shown.
Fifty year 4% gold bonds are authorized to the amount of §20,000,000;
of these there are Issued and outstanding §10,000,000. leaving a balance un¬
issued of §10,000,000.
There are also outstanding first mortgage bonds of
the Indiana Illinois & Iowa RR. Co., for which a like amount of the 50-year
gold bonds are reserved, for the purpose of exchanging, refunding, redeem¬
ing or paying same, $4,850,000. leaving a balance available for general
purposes of $5,150,000.
General Results.—The gross earnings for the year were §2,332,732. an In¬
of $217,687 as compared with last year.
The freight earnings were
crease
$2,080,406, an increase of §180,416 over last year.
This Increase Is ac¬
counted for by the opening for business of the Danville Division' and the
increased tonnage accruing from that source.
The passenger earnings were
§1741804, an Increase of SOI.677.
The rent and miscellaneous earnings
$55,661, a decrease of $26,426.
This decrease Is accounted for by
convei sion to the company's use of real estate from which revenue
was derived In prior years.
The operating expenses for the year were §1.826.952. an Increase of
§143.018 over last year.
Maintenance of way and structures decreased
Maintenance of equipment shows an Increase of §74,572.
This
§3,745.
Is due to additions to the rolling stock of all classes and a corresponding
This
Increase in mileage.
Conducting transportation Increased §53,279.
Increase is very evenly divided among the various items, with the exception
of car mileage, which shows a decrease of §191,761.
The decrease in tills
Item is explained by the Increase in rolling stock.
General expenses show
an Increase of $19,512 on account of completing organization of the con¬
solidated company.
Interest on floating debt and on gold bonds Issued to
Dec. 31 1906 for account of new line under construction has been charged
to cost of load and equipment.
In addition to the regular charges for
maintenance there are Included In Income account items for new structures,
tracks, dec. las shown In table below), which aggregate $24,726.
RESULTS FOR CALENDAR YEARS.
were
the
1906.
§
Earnings from
Operation—
Freight
1905.
§
Maint. of way &
2,080,406 1,899,990
113.186
174,864
5,801
7.141
14,660
13.980
31,152
35,987
24,509
46.100
Passengers
Kxpress
Mails
Rents
All other.
1905.
$
Expenses—
352 341
structures
273,660
970,469
86,864
30,014
Maint. of equip.
Conduc’g trans. 1
Gen’l expenses..
Const’ll & bett’s
New equipment.
875
2,332.732 2,115,044!
Totals
Grand
Net earnings from operation
Interest eri loans and deposits
total.. 1,851.80S
....
480.924
32,249
1,714,222
400,822
5,428
513,173
406.250
194.000
194.000
485
485
60.384
55,636
28,009
Total
254,869
278.130
Surplus
258,304
Gross income
Deduct—
Interest on funded debt.
Rental of leased line
Taxes
Interest < n bills payable
§
Assets—
and
!
equip¬
Liabilities—
Com. stock
3' ’,234,849! Pref. stock...
ment
Due from agents and con¬
ductors
Cash charged Treasurer..
Traffic balances receiv¬
able
Miscellaneous
collectible
accounts
Fuel and
Total
-V. 84.
supplies
1st
180,184!
M.
bonds
(I.I.&I.RR.)
$
compared with 1904.
The operating expenses show an Increase of $848,962, or 12.8%.
This
Is due to Increased train service, extraordinary expenditures on locomotives
and car equipment, the continued outlay In connection with electric service,
the exclusive use of anthracite coal upon locomotives In Greater New York,
and the general Increase In prices of labor and material of all kinds.
It
must also be borne In mind that under the adjustments of wages made
with all classes of your employees during the past year, and covering the
compensation of about 8,000 men, your expenses will be increased about
$250,000 during the current year.
The income account shows a deficit of $28,359, but taking Into account
the Increased interest charges, and the fact that the loss in the operation
of the Montauk Steamboat Co., Ltd., amounting tcy$56,822, was charged
against that account, the result Is not unsatisfactory.
The passenger statistics show a slight decrease In the earnings per passen¬
ger per mile, the average rate received now being 1.5 cents, due to a lowering
of the rates on commutation and excursion business.
It is believed that
this revision of the rates will please the public and increase our revenue.
Improvements.—Heavy expenditures for Improvements continued through¬
out the year upon the Atlantic Avenue Improvement, the revision of your
line to Bay Ridge and Manhattan Beach, and the electrification of your
lines In Brooklyn and Queens,
extensive charges to capital account were
also made, covrieng cost of additional running tracks, new passenger sta¬
tions, Improved docks and wharves and other freight facilities, and exten¬
sions of shops and other buildings.
The funds to meet these outlays were provided through the sale of
$4,517,000 of 4% refunding mortgage bonds.
As the work on the Atlantic Avenue and Bay Ridge Improvements, and
the purchases of land In connection therewith, necessitated capital expendi¬
tures extending through several years, and from which no additional
revenue can be derived until tbelr completion, a proper proportion of the
interest on the securities Issued to provide funds therefor has been charged
Into cost of construction.
Charges to Capital Account—Special Improvements aggregating $2,390,865.
Atlantic Ave. improvement ($823,536) and Atlantic Ave. trolley
$1,022,021
and elimination of
Electrification of lines
Other Charges to Capital Account
Cost of road and real estate..,.
Brooklyn grade
Thirty-fourth St., N. Y., ferry terminal Improvements
Second track, Babylon to Oakdale, Whltestone Junction to Flush¬
ing, Main St., and Jamaica to Springfield Junction
Third track, Valley Stream to Springfield Junction, and Hollis to
Brush ville
Express facilities, Brooklyn
New rails, balance (authority of 1905)
Additional docks, Newtown Creek
Passenger stations at Locust Valley, Lawrence,
Broadway
Freight yards, freight houses. &c
Extension and Improvement of shop buildings
Elimination of grade crossings
Signals and Inter locking
Less credits
The work on the Atlantic Avenue Improvement
5,000,000
212,704
10,163
80,410
6,120
120,555
Sayvllle and
54,990
172,029
34 284
7,197
15,418
$11,469
In Brooklyn has been
made.
Equipment.—Through the equipment trust, referred to In the last report,
has added to Its equipment: 2 ferryboats, 2 car tloats, 25
locomotives, 109 box cars, 34 gondola cars, and there are now under con¬
struction 66 gondola cars and one tugboat.
The locomotive equipment
shows a decrease of live during the year on account of old, small type
engines which were sold or broken up.
Twelve parlor cars were purchased
during the year, and their cost charged to expenses.
Ralls and Ties.—There were 2,110 tons of new steel rail and 115,464 ties
used for renewals, and 1,165 tons of new arid 2,065 tons of second hand rail
and 64,836 ties used In the construction of additional tracks and sidings.
Second Track.—Appropriations have been made for and preliminary work
started on second track as follows:
Flushing to Great Neck, 5.0 miles:
Whltestone Junction to Whltestone Landing, 4.7 miles: Roslyn to Glen
Cove, 5.1 miles; Oakdale to Patchogue, 6.5 miles.
Long Island Consolidated Electrical Companies.— In the report for
1905
attention was called to the organization of the Long Island Consolidated
Electrical Companies (compare V. 80, p. 2462; V. 82. p. 100, 864; V. 83.
p. 890).
That company has completed the acquisition of a one-half Interest
In the New York & Long Island Traction Co. and In the Long Island
Electric Railway Co., and has also purchased during the year the Babylon
RR.. a small line In the village of Babylon.
The company has also planned
the construction of a cross Island line from Huntington to Babylon via
Farmlngdale and A nifty ville, and the necessary franchises for this extension
It Is proposed to obtain the funds for this purpose
have been secured.
through the*sale of the Electrical Companies bonds, guaranteed by your
your company
company.
Industrial Development.—In
property, your company has
connection with the development of the
undertaken to demonstrate the agrlcultura
possibilities of Long Island by the establishment of two experimental farms,
at Wading River and one at Medford.
The farm at Wading River has
been In operation for more than a year, and the results from the work have
been very encouraging.
During the year 4,836 dwelling-houses. 282 stores,
15 factories and 178 miscellaneous buildings were constructed in villages
«
n your lines outside of Long Island City and
Brooklyn.
4,850,000
S
gold bonds. 10.000,000 34,850.000
2,493,259
348.240
2,460
1 ,125,000
289,526
53,845
Total
1906.
Operations—
Tons carried, number
258,304
.39,420,634
M)3.
Long Island Railroad.
(Report for Fiscal Year ending Dec. 31 1906.).
report, signed by President Ralph Peters and Secretary
E. Haff, says in substance:
General Results.—The operations for the year show an Increase In gross
earnings of $1,094,129, or 12.9%.
The freight tonnage shows an increase
of 245,229 tons, or 8.9%. the tonnage mileage an Increase of 3,522,744.
or 5.1 %, and the freight train mileage an Increase of 9 9%.
The number
$646,814
64,596
entirely confined to the freight and passenger terminals, the line work
having been completed ln-1905.
The terminal work has progressed satis¬
factorily, notwithstanding many obstacles which bad to be overcome,
and should all be completed this year.
The Bay Ridge improvement has
progressed satisfactorily during the year.
A large portion of the work
of depressing the tracks and elevating other portions of the line has been
successfully prosecuted, and several principal grade crossings eliminated.
Electric Lines.—The line between Springfield Junction and Valley Stream
was electrified, thus completing a loop service from the Far Roekaway
branch to the Old Southern Road, which Is the short line between Jamaica
and Springfield Junction.
This makes a total of about 100 miles of single
track now operated by electric third rail.
Its workings during the year
have been very successful, and while It has not yet been economical, owing
to the fact that your power Is not fully employed. It has materially Increased
your passenger traffic.
Plans are being prepared for the electrification of your lines from Long
Island City to Port Washington and to Whltestone Landing: and as soon
as the tunnels under the hast River are completed, your lines will be elec¬
trified to Jamaica and to Woodhaven Junction, via the Glendale cut-off,
a connection between the main line, the Montauk division and the Rockaway Beach division.
Plans are also being made for an enlarged terminal
at Jamaica, where the change from steam to electric locomotives will be
2.990,851
72.793,574
3.487 ets.
Tons one mile, number
Rate per ton per mile
YEARS.
1905.
Rate per passenger per mile
Passengers per train, number
1.522 ets."
76.19
130.55
.
train, number
Earnings. Lines Directly Operated—
Freight traffic.
§2,538,080
Passenger traffic
5,831,454
Kxpress traffic
1.106.942
Transportation of malls
40,905
Miscellaneous sources..
78,215
Tons per
§9.595,596
Gross earnings
Operating Expenses—
Maintenance of way and structures.Maintenance of equipment
4-245.229
4-3.522.744
3.353 ets.
4-0.134 ets.
Conducting transportation—traffic..
Conducting transportation—oper
General expenses
Operating expenses
.
4-3.427,228
60,440,399
4
1.604 ets. —0.082 ets.
72.65
4-3.54
—5.98
136.53
$2,322,334
5,076.104
1,022.036
39,399
41,593
+ $215,746
+ 755,350
+ 84.906
+ 1,506
+ 36.621
§8.501,466 +$1,094,129
1,174,oil
152,133
4.873.294
225.442
$828,590
1,016.979
151,514
4.440,738
194,380
$7,481,162
$6,632,201
§1,056,280
Inc. (+) or
Dec. (—)
2,745.622
69.270.830
Passengers carried, number
21,626.390 18.199,162
Passengers carried one mile, number.334,824,950 274,384.551
,
The
Frank
836.956
531.888
Aggregating INet) $1,413,812.
GENERAL INCOME ACCOUNT FOR CALENDAR
15,000.000
Audited vouchers.
Audited pay-rolls
648.139. Int. & dividends payable.
308.8.) / Bills payable
Traffic balances payable..
Miscellaneous
Profit and loss
74.226
128.121
1906.
974.379J Fifty-year 4 %
39,420.6341
p.
as
one
CONDENSED GENERAL BALANCE SHEET DEC. 31
Cost of road
of passengers carried Increased 3,427,228, or 18.8%: the passenger mileage
Increased 22%, and the passenger train mileage Increased 16.40.
The
large Increase In passenger business Is particularly gratifying In view of the
fact that the previous year’s report showed a decrease in passengers carried
($198,485)
Bay Ridge improvement
crossings
Chicago Indiana & Southern RR.
(Report for Fiscal Year eliding Dec. 31 190(>.)
This company,
865
THE CHRONICLE
|
+$227,690
+157,032
+621
+432,556
+31.062
+$848,961
866
THE CHRONICLE
Net earnings from operation
Deduct rentuls paid roads operated on
basis of net earnings.
1906.
1905,
$2,114,434
$1,869,266
Inc.. (+ ) or
{Dec. —).
+ $245,168
166,793
153,411
+ 13,382
Net operating earnings, L. I. RR. Co.
Miscellaneous Income—
Interest from Investments
Interest, general account
River and Harbor Transportation Co.
Rents
$1,947,641
$1,715,855
$60,494
$52,5 00
210,408
6,694
154,016
162,025
30,422
153,566
Total-..
$406,507
Total net income
Deductions—
Fixed rentals of leased roads
Interest on bonded debt
Int. on mortgages Cc ground-rents..
Taxes
Premium on exchange
Advances to Montauk Steamboat Co.,
Limited
+
’
—450
$251.158
,772.465
41,442
—$17,111
+ $214,674
260,563
57
336
+ $1,108
+ 222,108
+ 11,465
+ 18,928
—279
56,822
44,590
+ 12,232
Total
$2,382,507
$2,116,945
+ $205,562
Balance
def.$28,359
sur.$22,529
—$50,888
1
.
costs have been materially Increased, due
largely to In¬
In rates of wages
paid, combined with decreased working hours, and
partially from Increased cost of all raw materials and supplies.
During the
greater part of the year the selling prices of bags,
paper and sulphite were
even lower than the
preceding years.
Near the end of the year there was
a very considerable
Improvement In these prices, which, however, we did
not practically feel at all until the commencement
of the present fiscal
Owing to the causes mentioned, It was necessary, In the opinion ofyear.
the
directors, to reduce the dividend rate during the course of the year.
Two
quarterly dividends are paid at the rate of 7 % and two at the rate of 4 %
per annum.
In addition to charging the expense of
repairs and maintenance to
operating costs, we have written oft depreciation amounting to $85,942
and have also charged against the
profits for the year the sinking fund re¬
quirements of our bonded Indebtedness, amounting to $64,000.
$7,994
$250,050
1,550,357
29,977
241 ,635
.
Manufacturing
—48,383
+ 23,728
$423,618
$2,139,473
$2,354,148
The profits for the year ending Jan.
with the results for
ACCOUNTS
OF
YEAR
Gross
.Net
xRental
Other
Interest,
Bat. Jor
Earnings. Earnings. Received. Income. Taxes.&c.y Year.
S
Including—
Jamaica & So. Sh. RR.
N. Y., Bkyn. & Man.
Beach Ry..
Long Isl. UR., North
Shore branch.. i
Nassau Electric RR
N. Y. & Rock. Bch. lty.
Montauk S. B. Co., Ltd.
$
$
S
406,507 2,131.349 D.28,359
1,10.8
_
1,108
118,800
-
582.555
182,718
166.793
60,000
166,793
7,341
3,864
D.48,274
<-
“Rental received by respective companies from operating company.”
est, taxes, &c.,” include other charges and
extraordinary expenditures.
y
Assets—
Cost of properties.29,6()0,S72
Inventory
^
-
I.
1.1.453.8351
D.606,6681
D.496.491;
Total
62.576,664
-V. 84. p. 749, 339.
1.4,572,115;
.
1.160,827 i
1.8421
D.9.1191
1.208,038!
Total.
.62,576,664 1.4.572,115
Paper Co.
{Report for Fiscal Year ending Jan. 31 1907.)
President L. G. Fisher says in substance:
Our last year’s report mentioned the
purchase of 800 square miles of
timber limits In Canada, and negotiations in
progress for the purchase of
another large property in the same
territory which was owned by the Gres
Falls Co. of Three Rivers.
This last has been acquired
and Includes about
1,200 square miles of timber limits, about 200 acres of
freehold land at
the Junction of the St. Maurice and St.
Lawrence rivers, a large lumber
and pulp-wood
preparing mill, with ample piling ground, docks, railroad
sidetracks and ail the necessary facilities for
on the entenslve pulp
wood and lumber business at Three Rivers. carrying
It also Includes a magnificent
water-power of about 25,000 horse power 11 miles from the St.
Lawrence,
with a large tract of land at the site of the Falls.
The St. Maurice Valley
RR. extends through the property at this
point.
We also purchased all
of the assets of the company,
including the logs cut by It the preceding
winter.
We nowr own about 2,300 square miles of
Canadian timber limits.
(In addition to our Adirondack holdings), which, with
the Gres Falls water¬
power, are considered among the most valuable assets of
the company and
most likely to show' a great Increase In
value and earning power hereafter.
We have been negotiating for several
years for the purchase of the
property of Allen Brothers Co. of Sandy Hill, N. Y.,
adjoining our east side
plant there.
This deal was consummated last fall (V. 83,
p. 1596) and the
property turned over to us In full operation in January.
It consists of paper
mills with a capacity of 60 tons
per day, a wood pulp mill, capacity of
30 tons per day, and water-power
which, with our own, Includes all of
the water-power of the Hudson River at that
There has been litiga¬
point.
tion for years between that
company and ours as to the exact lights of each
to these waters.
This Is now settled and we have
undisputed possession of
at least 10,000 additional horse
power (heretofore undeveloped) which we
have already started to harness and which In
time will give our company a
large Income.
The new mills alone are capable of
earning fair Interest on the total In¬
vestment.
Without these additional facilities we should have
been obliged
to build, as our demand for
paper and bags had out.un our capacity.
The above purchases explain the large
capital expenditure for the year.
The profits for the year of the
woodland operations of the Charlemagne
property purchased in 1905, and the Gres Falls
property purchased In
1906, were sufficient to pay Interest and
sinking fund charges on the
bonds Issued In connection with the
acquisition and operation of these
properties,and at the same time we secured an ample
supply of pulp wood
suitable for our use without being
compelled to purchase in the open market
probably greatly enhanced price.
It should have been apparent to
buyers of pulp wood a
ago that,
supply and demand considered, existing prices were too year
low.
In the
late fall
prices suddenly advanced about 25 % and a scarcity o? supply
developed. That Interrupted production of paper generally and
promises
at a
to further advance cost of raw material.
of Canadian woodland—using, as we
Without
32.160.499 30,101,4171
Rubber Goods
Inventory of logs and pulp wood Increased somewhat, due to the
abnormally low water conditions in Canada, on account of which a
full
supply of logs was not received at the saw mills, thus
preventing them
from operating at full
or
at
capacity
even
reasonable
efficiency. On this
account
stock
way embarrassed
The purchase money
no
was
pulp wood produced
furnished
so
that
our
were
less than
pulp mills
obligations are deferred payments
the property purchases made, much of which
extends over a
27,000.000 27,000,000
Total
1.9U0.0U0
143,521
8,916
1.048.9S0
32,166.499 30,101.417
Manufacturing Company.
.
were
ex¬
In
on account of
series of years.
i
{Report for Fiscal Year ending March 31 1907.)
President Charles Ii. Dale, April 11 1907,
says in substance:
General Results.—The report of the Treasurer
shows quite a large increase
In the volume of business as well as In the
profits over all preceding years.
This good showing is largely attributable to our close
association with the
United States Rubber Co. through the latter’s large
holding of the capital
stock.
the
During
year the distributing agencies of the United States
Rub¬
ber Co., both in this country and In
Europe, have been marketing the pro¬
ducts of our subsidiary companies, thus
aftording us a greatly enlarged
selling organization without additional expense,
Another Important advantage In this
co-operation Is In the purchase of
crude rubber through the joint
owmershlp of the General Rubber Co.
It
may be confidently stated that no other company In
the world manufactur¬
ing rubber goods has such a well-equipped organization for the
obtaining
of
supplies of crude rubber, or can obtain a comparable
advantage in the
acquisition of crude
•
•
A committee has been appointed for the
purpose of effecting the llquldatlon'jof the company., thus bringing our subsidiary companies into
still
closer relation with the United States Rubber Co.
Dividends.—The usual quarterly dividends of 1
%% each have been paid
during the year on the preferred stock and a dividend of 1 % has been
paid
on the common stock.
’The question of paying further dividends
upon the
common stock has been under
consideration by your directors, whose de¬
cision was that further dividends
upon the common stock should be deferred
for the present.
Litigation.—An amicable settlement has been effected of the
controversy
with the Pope Manufacturing Co., which has
been In litigation during the
past three years.
The adjustment gives entire satisfaction to both
parties,
the result being that your
company now has the Pope Manufacturing Co.,
one of the largest manufacturers of
bicycles and automobiles In the country,
as firm friends and customers.
New Plant.—The new plant of the
Morgan & Wright Co. at Detroit, Mich.,
referred to In our last report, has been In
complete operation since last sum¬
mer and Is without doubt the most
modern and economical plant in the world
for the manufacture of tires and
miscellaneous rubber goods.
Maintenance.—All the plants of our
subsidiary companies have been
maintained at their usual high standard, and In
many instances largeaddltlons have been made to
keep pace with Increasing business.
Product.—Our mechanical rubber goods arc
regarded 1 net he trade as
standard and our companies
engaged In the manufacture of automobile
and vehicle tires have made great
advances, more than doubling in a few
years their percentage of the total tire business of the
country.
This last
results largely from Important
improvements,
notably the Mldgely detacha¬
ble rim and the Mldgely wire grip,
or "anti skid,” and, fundamentally, also
to the fact that the
Dunlop and Clincher tires, as
Hartford, Morgan & Wright and G. & J. companies,
other make.
manufactured
are not excelled
by the
by any
Outlook.—Reports from subsidiary companies on business done since the
close of their fiscal year, Dec. 31 1906,
which Is not covered In the reports
appended, show that such companies have maintained the ratio of
Increased
sales shown during the year covered
by this report, and the orders for future
delivery are greater than ever before.
CONTROLLED COMPANIES FOR
CALENDAR
1906.
$
Sales
Gross earnings.
Deduct —
Maintenance &
repairs.)
Depreciation
(•
Bond sinking fund
|
Additions to plant
J
Net
earnings
Dividends
to
Rubber
Goods Mfg. Co
Dividends to others
Balance, surplus
Surplus previous
year..
Total surplus
1905.
$
19,731,121
17,662,453
2,046,459
2,202,036
641,975
843.551
2.004,484
1904.
$
YEARS.
1903.
$
14,556,289
1,901,630
14,310,752
2,133,787
178,331
128,235
56,309
388,037
209,645
260,281
1,358,485
1,150,718
1,311,819
1,226.249
962,324
50,038
24,511
756,790
53,956
880,469
58,392
728,107
(?)
371,650
(?)
339,972
805,167
372,958
492,208
(?)
1,205,139
865,166
(?)
r
j
295,565
56,477
It VBBER GOODS MFG. CO. FOR YEARS
ENDING MARCH 31.
190607.
Dlvs. fr’m controll’d
Miscellaneous
1,226,249
1905-06.
$
902,324
10,174
1904-05.
$
756,790
1903-04.
$
880,469
5,584
1,226,249
131,148
972.498
134,923
756,790
117,760
886,053
103.702
837,575
639,030
679,098
782.351
563,598
563,598
$
cos.
The
amounts of lumber and
1906.
S
2,084,4S5 First mt«e. 5%
2,140,000
! Oblig.for prop.pur. 1,724,928
349,4481 Accounts payable.
197,579
35,655! Interest accrued-.
28,092
Surplus1,075,900
486,905
86,264
Total
—V. 83, p. 1596
1907.
$
27.581.830;Capital stock
recciy-
our
recent purchases
do, over 100,000 cords of
annually—this condition would have been a menace to the pulp wood
company.
As It is, our own
supply being absolutely secured at old cost, the scarcity
enables us to get higher prices for
sulphite wood pulp, bags and paper, the
benefits of which will be felt during the coming
year.
It Is not probable
that pulp wood will ever recede to
prices of 1905 and 1906.
It Is possible
to-day’s prices may be exceeded.
pected but sufficient
$4,485
material.
1.18,709,
Union Bag &
♦
1,932,458
..r
Accounts
able
Cash
.
_
$136,419
BALANCE SHEET JAN. 31.
1906.
|
S
I
Liabilities—
Inter¬
GENERAL BALANCE SHEET DEC. 31 1906.
Inc. or Dec.
Inc. or Dec.
Asstts—
S
5
8
|
Liabilities —
$
Road & equipment35.078 .491 1.1.413.812 I Capital stock
12,000.000
Atlantic Ave. imp. 4,017, 146, 1.823,5361 Funded
debt.,
4 4,079,791 1.5.207,000
Altantic Av.trolley
236 .219
1.198.485 iOutstand.
secur’s
Bay Ridge Imp.
5'5, 216 1.562,980
of leased estates, 3,888,000
Bklyn grade cross¬
j Man. Bch. term.fd.
31,632
1.11
ing improve’ts
333 ,457
1.273.975 ’Reserve funds
46,337
1.30,204
Term, at Man. Bch.
31 .(>32
D. 13,798 i Pay-rolls & vouch. 1,055.356 D.
155.474
Electric plant*
3,034 ,91311.1,122,362 ! Accts. payable
597,651 D. 552,349
Bonds of other cos. 4,441 ,981 1.1.476.1.35 Int. due <Sc uncollec
30,035
1,932
Rtks. of other cos. 1.761 ,834
1.122,549 Interest accrued..
532.075
1
1.60,227
Real estate owned
226 .488
Net traffic balance,
Leasehold estates
5,3*8 .000
i
due other, cos
171,114
D. 29.837
Due from agents..
391 .229
1.23,492 Due subsid. cos
110.472
1.8,157
Due from ind.&cos.
377 .419
1.83,277 Sundry accounts..
34,201
D.3,754
Advances to L.
$33,631
1907.
S
71,250
60,000
174,134
12,412 D.56,822
X
Consol. Elec. Co. 1,453 ,836
Adv. to other cos
1.217 ,747
Accts. receivable-.
525 ,668
Materials on hand.
747 .322
Cash for interest-.
101 ,990
Cash in treasury-.
263 ,379
Sundry accounts..
10 .460
Profit and loss
1,747 .237
$26,920
118,000
71,250
.
.
x The “cost of properties" as
per balance sheet was Increased during the
year $2,235,984 for additions, &c. (viz.: "additions to real
estate, build¬
ings, plant, machinery, patents, dams and flow's, for additional
timber
limits and for discount and expenses on Issue of bonds and
expenses Inci¬
dental to perfecting and experimenting on new
machinery, less proceeds
of sale of machinery and real
estate”); V. 81, p. 564, 269.
It was reduced
by $413,925 on account of "extinguishment, depreciation and
sinking
fund.”
1906.
5
S
Long Island Railroad...9.595,596 2,114.434
31 1907 contrast
follows:
years as
1906-07.
1905-06.
1904-05.
1903-04.
$934,487
$833,352
$906,419
$812,498
106,875
29,721
38,750
%) 605,000(7 %) 770 ,000(7 %) 770,000(7 %) 770 ,000
x92,942
,
38,013
64,000
Surplus.
CORPORATIONS OPERATED OR CONTROLLED
EOIt
previous
Profits per year
Interest on bonds
Int. on 6% purch. notes
Dividends on pref_
(5 pj
Depredation, &c
Sinking fund for bonds.
_
INCOME
LXXXIV
creases
$231,786
+
[VOL.
Total Income
Expenses paid
Balance
1,095,101
Dividend on pref. (7 %).
724,598
Dlv. on common
(1%) 169,417
Charged off.
Balance, surplus
201,086
158,477
18,688
87,271
56,744
131,482
°
Apr. 13 1907. J
THE CHRONICLE
.BALANCE SHEET OF RUBBER GOODS MANUFACTURING CO. MCH. 31.
1907.
1906.
I
1907.
1906.
Asset*—
$
%
| Liabilities—
%
%
Investm’s sub. cos.27,639,722 27,458.7801 Common stock.-.16,941,700 16,941,700
<3ash
483,820
383.5941 Preferred stock...10,351,400 10,351,400
Mortgage notes..*18,000
*19,000 Working capital..
576,066
88,710
7,792 Bills payable.
160,000
Accts. A bills rec’le
Surplus
201,086
576,066
Total
28.230,252 27,869,166
Total
.28,230.252 27.869.166
....
B[* For property sold.—V. 84, p. 697, 342.
Ingersoll-Rand Company.
New York Stock
Exchange, describing the property, organization, rights of
stock, &c., was in the “Chronicle” of Nov. 10 1906 (p. 1176),
reports as follows:
Statement of Earnings Jor Year ending December 31 1906.
Earnings of properties for year 1906, before charging depreclatlon$l,638,936
Deduct—Regular provisions for depreciation
369,707
$1,269,229
$100,000
269,901
615,000
984,901
Net addition to surplus for year
$284,328
177,424
Surplus Jan. 1 1906
Total
surplus
per
balance sheet
$461,752
BALANCE SHEET DECEMBER 31.
1906.
$
202.293
148,128
Assets—
Real estate
Water supply
Buildings
Machinery
1,622,384
1.966.S10
..
Tools and jigs
Patterns
418,180
Drawings
130.705
63,830
615,000
129,301
Fum. & fixtures..
Patents licenses, Ac
Investments in for-
1905.
1906.
Liabilities—
S
$
201,791 Preferred stock
4,500.000
Common
148,128
stock
3.000.000
1.605,339 First M.gold bds.. 2.000,000
1.772,217 Accounts payable.
630,752
319,063 Bills payable
450,000
119,724 Bond lnt. accrued.
50.000
stock
div.
126,857 Pref.
Jan. 1
47.681
134,994
615,144 Deprec. reserve
-.
...
reserve
173,250
3,400,956 Surplus
1,849,333
2,000,000
653 737
240,000
50,000
434,960
134,685
180,566
615,000
461,752
177,424
102.396
4.272
55,778
394,483
Total.:
12,277,458 10,936,412
Total
1905
$
4,500.000
3.000,000
Patent and license
178,500
elgn mfg. cos...
Materials. Ac
4,180,778
Accts. receivable
2,044,322
Bills receivable
56,692
Marketable stocks
bonds
and
3,712
44.102
Agents’ cash bal..
Cash at bank
472,720
12.277.458 10.936.412
The proposed increase of $300,000 in the preferred stock
was mentioned last week (V. 84, p. 806^An official state¬
ment says in substance:
/
The properties to be acquired consist of the entire $100,000 capital stock
of the Imperial Pneumatic Tool Co. of Athens, Pa.
This plant manufac¬
tures all kinds of pneumatic tools and is a competitor of the Chicago Pneu¬
matic Tool Co.
It Is proposed to double the capacity of the Athens plant
as soon as the new financial plan Is completed.
We will also acquire the
largest part of the new Issue of stock to be made by the Canadian Rand Co.,
Ltd.
This company Is now capitalized at £125,000 (par of shares $100)
and is about to double this, making It £250,000.
The contracts for these
acquisitions hare been made, and only await the Issue and sale of the new
preferred stock by the Ingersoll-Rand Co. for consummation.
The com¬
pany will also build a foundry and make large extensions to the plant of
the Imperial Engine Co. at Painted Post, N. Y.—V. 84, p. 806.
American Grass Twine Go.
(Balance Sheet of Dec. 31 1906.)
President J. M. Robinson says:
The sales were 33 1-3 % larger than
for 1905 and net profit over all expense $95,058.
Of our Indebtedness we
have paid on notes and Interest $170,430; bonds on Oshkosh plant and
interest
$25,750; payments on grass lands and interest $6,239.
The
infringement suit against the Oshkosh Grass Matting Co. was decided
against us in the Circuit Court, but our patent attorneys feel confident
that we will win in the Circuit Court of Appeals.
Our contracts for 1906 all showed a substantial profit.
The business
done so far In 1907 shows a gain of 16 % over the corresponding months In
1906.
The future looks encouraging and conditions are much better than
before.
BALANCE SHEET DEC. 31.
1905.
1906.
$
Assets—
St. Paul plant
2,630.782
Superior plant.. 1.061.522
Oshkosh plant
572.167
Grass department340.701
FumltureAflxtures
2,213
Franchises, goodwill. Ac
9.S88.407
Patents
Cash
BlllsAaccts.receiv.
Manuf'd product.
Raw material and
_
supplies
234.760
32.279
76.802
246,607
9,889,056
234.760
42,442
39,716
382.825
1906.
$
Liabilities—
1905.
$
Capital stock
1 5.000.000 15.000.000
'Bills A accts pay.
114,925
266,578
Bonds
payable,
Oshkosh mill...
25.000
Deferred payments.
5.735
grass lands
11,299
Interest on loans..
9,944
15,426
Pay-roll, St. Paul
mill
971
3.792
Prov’ns for doubtful accounts
143.213
3,002
61.251 Surplus, profit and
loss
54.018
15,229.454 15.322.928
Total
95,058
649
...15,229,454 15,322,928
—V. 84. p. ftfS.
^
GENERAL
RAILROADS,
STREET
ROADS.
Astoria A Columbia River RR.—Change in Control.—The
recent
more
an issue of $35,000,000 50-year consols,
than 4*o% interest.
Your board of directors has determined to ask the stockholders for
au¬
thority to create a mortgage on the property to secure $35,000,000 50-year
consolidated mortgage bonds bearing interest at not over 4 ^ % per annum
to provide for the consolidation of the debt of the company, for extensions
double-tracking, improvements, betterments, equipment, &c.
Purposes Jor which the $35,000,000 Bonds May Be Issued.
For Immediate delivery to the company for present eorporate uses $3,000,000
For retirement of underlying obligations at or before maturity
18,145,000
For future requirements, to be issued after July 1 1908, at not
exceeding $1,500,000 per annum.
The stockholders, how¬
ever, can authorize a larger Issue in any one year for such pur¬
poses as may be found necessary to meet the growth of the
company and of Its business.
13,855,000
Since Sept. 1 1887 no mortgage lien has been placed upon your property,
while large amounts have been expended for construction, for new equip¬
ment purchased In lieu of bonds not ollered to the sinking fund and for
other purposes.
To provide for such expenditures not taken care of by
the Issue of new capital or by the “construction and Improvement notes”—
particulars of which will be found In the annual reports—and to reimburse
the treasury for construction now under way or contemplated, Including
equipment not provided for by equipment bonds. It is proposed to Issue
the $3,000,000 of new bonds first above mentioned.—V. 84, p. 270.
Central California Traction Co.—Bond Offering—Further
Facts.—The first mortgage
bonds offered at 97}/% and
5% 30-year sinking fund gold
interest by the California Safe
Deposit & Trust Co. of San Francisco, the mortgage trustee,
are dated Sept. 1 1906 and are due April 1 1936, but redeem¬
able on any interest day, after 60 days’ notice, at 105 and
interest.
Denomination $1,000. Interest payable April 1
and Oct. 1 at office of trustee.
Sinking fund $15,000 for 10
3rears, $30,000 for next 10 years and $45,000 for the following
4 years.
Bonds authorized, $1,500,000; issued, $500,000;
reserved in the treasury to be used for further extensions
and improvements, $1,000,000.
A circular says:
Organized under the laws of California Aug. 1905 with a capital of $2,500,000 (all common, par $100—Ed.)
Directors: W. J. Bartnett, VicePresident; J. Dalzell Brown, Treasurer; John Treadwell, David F. Walker,
Mortimer Flelshhacker, Herbert Flelshhacker, A. Mack, Alden Anderson,
Walter Amstein, H. H. Griffith, George W. Peltier.
W. J. Bartnett,
J. Dalzell Brown, John Treadwell'and David F. Walker were the pro¬
jectors and organizers of the Western Pacific Railway Co.
The company was organized to construct and operate an lnterurban
system of electric railroads for passenger and freight traffic in the great
central valleys of California, having as Its Initial point the city of Stockton
—thence north about 50 miles to Sacramento, which will be the first division
of the system.
Franchises In all the cities of the system run for 50 years.
All rights of way, other than those obtained In the cities, are the company's
private property. The company’s street car line In Stockton is finished
and In full operation, and consists of 10 miles of track, standard construc¬
tion, 65-lb. steel rails, power-houses and car barns.
About a mile of track
has been graded In a northerly direction toward Lodi, outside of the city
limits.
All this has been Installed at an approximate cost of $300,000,
paid for by moneys subscribed by the stockholders. The company now
proposes to prosecute the construction of the road to Its first objective
point, which Is Lodi, a distance of 14 miles northerly from Stockton.
The
cost of this work and equipment will be about $350,000.
The electric power
Is furnished by the American River Electric Co., which Is installed In
Stockton and in Sacramento, and the company is controlled by Messrs.
It Is expected that freight and passenger traffic connections will be made
with the Western Pacific Ry. and the Santa Fe by an Interchange of freight
and passengers to and from points reached by the lines of the Central Cali¬
fornia Traction Co., which will act as a feeder to the railroad. and vice versa.
The richness of the country to be traversed, the products of the soil.and the
cities
on
the routes, makea substantial foundation for the enterprise.
The
enough to provide for the fixed charges, and the
road In Stockton Is earnln g
freight earnings alone. In sight and assured, make the undertaking an
attractive and profitable Investment.—V. 84, p. 507.
Chicago Terminal Transfer RR.—Stockholders* Protective
Committee.—A committee consisting of George L. Malcolm,
Chairman, George D. Mackay, Edward A. Morgan, Edward
L. Oppenheim, James L. Laidlaw, with H. S. Mott, Secre¬
tary, 100 Broadway, N.Y. City, announces by advertisement:
In view of the published notice of the proposed early foreclosure sale of
the properties, the undersigned, at the request of the holders of large
amounts of both the preferred and common stock have agreed to act as a
committee to protect the Interests of the stockholders.
Stockholders
should communicate with the Secretary of the committee Immediately, as
the foreclosure sale Is advertised for May 3 1907.
Reply to Petition of B. & O. RR. for Permission to Pay the
Debt.—The company’s attorney on April 5 made
answer to the petition filed by the Baltimore & Ohio RR.
Bonded
report that this line, extending from Goble to Seaside,
Ore., &c., 82 miles, has been sold to the Hill interests (at
a price said to be $3,500,000 or more) has been confirmed
by the election as President of C. M. Levey, who is also the
President of the Portland & Seattle Ry., which is owned
jointly by the Great Northern Ry. and the Northern Pacific
Ry. (compare report of last-named co. in V. 83, p. 1111).
on
March 30 last for
pay the principal of the bonded debt and
accrued interest for two years, the purpose being to place
permission to
the
the
B. & 0. lease of the terminals ahead of the present lien of
the
on
INVESTMENT NEWS.
INCLUDING
Pittsburgh Ry.—New Mortgage.—A
circular dated Feb. 28 and signed by President A. G. Yates
and Secretary J. H. Hocart announces substantially as fol¬
lows the calling of a meeting of the shareholders (for April
Co. in the United States Circuit Court
re-
celvable
Grass in fields
Total
S
2,630,606
1,066,537
574,664
344,745
2,308
Buffalo Rochester &
On Thursday, however, the
(Compare V.83, p. 1347).—
Flelshhacker.
The year has been a prosperous one.
ever
of parallel and competing lines.
bill was passed over the vote.
V. 84, p. 803, 569.
bearing not
This company, whose statement to the
and licenses
solidation of the Gulf Colorado & Santa Fe, Gulf Beaumont
& Kansas City and other lines, on the ground that it would
contravene the constitutional provision forbidding the merger
25) to authorize
(Report for Fiscal Year ending Dec. 31 1906.)
Net earnings for year
Interest on bonds
Dividend on preferred stock, 6%
Special reserve in respect of patents
867
mortgage.
April 18.
court to
The application will
The
company,
come up
in its
deny the plea of the B. & O.
answer,
on
for
a
hearing
petitions the
the ground that if
it is allowed to assume the entire bond indebtedness it will
have a tendency to eliminate competition when the road is
offered at foreclosure sale.
The company also contends
that its property is worth more than the bonded debt.
It
is thought by some that the Hill roads will bid for the
property.—-V. 84, p. 748, 693.
Coney Island & Brooklyn RR.—New Stock.—The State
Railroad Commission on April 11 granted the company au¬
thority to increase its capital stock from $2,000,000 to
$3,500,000, but only $1,000,000 of the new stock is to be
The directors of th e*Astoria) AColumbiaRfiver RR. are now: issued without further action by the Commission. The money
O. M. Levey, President; Judge L. G. Gilman, of Seattle. Vice-President
is to be used for improvements.—V. 84, p. 626, 569.
and 1C. P. Martin, of Tacoma, Secretary and Treasurer; John McGuire,
.Cleveland (O.) Electric Ry.—Dividend Reduced.—The
Superintendent; A. D. Charlton and William Harder, Portland; and F. D.
Kuettner, Astoria.—▼. 77, p. 2158.
directors recently declared a quarterly dividend of % of 1%
Atchison Topeka & Santa Pe Ry.—Revassed.—Governor on the $23,400,000 capital stock, payable April 15. Quarterly
Campbell, of Texas, vetoed the bill authorizing the con¬ dividends of 1 \i% were paid in 1906. From 1901 to 190*5
668
THE CHRONICLE.
inclusive the rate was 4% per annum, or
1% quarterly.
The present reduction is said to be due to the losses incident
to the experiment of soiling seven tickets for 25 cents.
Fares Raised.—On April 7 the directors declined to con¬
to set aside the sale of control to the
American Cities Rail¬
way & Light Co. and to recover on behalf of the
company
from Isidore Newmian & Son the sum of
$105,000 alleged to
the purchase
and sale of $1,500,000 of the
company’s bonds. Compare
V. 82, p. 1438; V. 83,
p. 3S.
Metropolitan Street Ry., New York.—Fire.—A fire early
Monday morning destroyed the company’s car barns and
between 200 and 300 cars therein at Lenox" Avenue and
146th
Street.
The electrical room of the power-house was
practi¬
cally uninjured. The loss was over $1,000,000*
largely
covered by insurance.—V. 84,
p. 50S.
New Hampshire Electric Rys.—See Hudson
Pelham
& Salem Street Ry. above.—V.
82, p. 115.
New Orleans (La.) Railway &
Light Co.—Report.—For
have been
expired, the 3-cent-fare rate will not be changed
present. Compare V. 84, p. 101, 157, 390.
for the
New Directors.—John Sherwin and H. P. McIntosh have
been added to the board of directors,
making 17 in all.
Citizens May Vote.—The City Council on
April 2 adopted
the report of its special committee,
recommending that the
question of public ownership of street railwa}' franchises,
low fares and other issues involved be submitted to
popular
vote.—V. 84, p. 390, 157.
Delaware & Hudson Co.—New President.—L. F.
Loree,
at present Chairman of the executive committee of
the
Kansas City Southern Ry., in 1904 President of the Rock
Island, and still earlier President of the Baltimore & Ohio, has
been unanimously elected President and a
Manager of the
company, to succeed David Willcox, who resigns on account
of
Year—
Gross.
1906
$5,773,190
1905
5,093,710
1904
4,674,344
—V. 84, p.339.
of
three-year notes. The rumor met with official denial
and it is supposed that, if such a
plan has been suggested,
it will be held in abeyance for some time to come.
Compare
V. 84, p. 338, 623.
Hanford Irrigation & Power Co., Seattle.—Bond Issue.—
This company, which was incorporated in the State of Wash¬
ington in Nov. 1905 with 8250,000 capital stock,in shares
of $100 each, has filed a
mortgage to the Washington Trust
Co. of Seattle, as trustee, to secure $300,000
bonds, of which
$200,000 are outstanding.
The mortgage covers some 330
acres
of land
Priest Rapids, Yakima
County, Wash., the electric power plant which Is being built thereon, the
distributing system, &c.
Bonds dated Jan. 1 1907 and due Jan. 1 1917,
but subject to call after three years at 105.
Interest payable July 1 and
Jan. 1 at Seattle.
The trustees are: Judge C. H.
Hanford, C. J. Smith.
J. H. McGraw, W. R. Todd, J. B. 'Howe, M. B. Haynes, H. K.
Owens,
J. A. Kerr and George A. Burch.
J. H. McGraw Is President and M. B.
Haynes Is Secretary. Scheuerman Block, Seattle.
near
Net.
•
$2,699,175
2,422,249
2,175,821
Charges.
$1,900,901
1,784,226.
2,149,840'
Prcf.Dlv'd.
%)$500,000
(1 14)125.000
Bal.,sur.
$298,274
513.023
25,981
(5
Niagara Gorge RR.—Purchase.—This company has pur¬
a majority of the
$134,000 capital stock of its leased
line,’the Lewiston & Youngstown Frontier RR., but no
consolidation, we are informed, is proposed, nor are the
Mr. Willcox retains his place on the Board of
Managers, and a place on
the board for Mr. Loree has been made
by the retirement of William S.
Opdyke, General Counsel of the road.
Alexander E. Orr, for many years
Vice-President, has also retired, his office having been an honorary one.
Mr. Loree. it Is stated, will retain his position with the'Kansas
City Southern.
year or
improperly derived by them from
calendar year:
impaired health.
Note Issue Talk.—There has been talk this week
respecting
the likelihood of the company’s making an issue
two-
LXXXIV.
Suit.-—Geo. M. Clark and two others, citizens of
Louis¬
ville, Ky., as the owners of 175 shares of the common
stock,
on Jan. 25
brought suit in the Chancery Court at Memphis
sider the offer of an ‘‘irresponsible
holding company” to pav
$60 a share for their stock, and ordered the rate of fare
back to eleven tickets for 50 cents with cash fares 5 cents. On
the Central and Quincy Ave. lines, on which the franchises
have
[Vol.
chased
$150,000 bonds of the Frontier line assumed.—V. 68,
p. 1133.
Northern Pacific Ry.—Listed.—The New York Stock
Ex¬
change has listed $1,023,000 prior lien 4% bonds, due 1997,
issued to pay for new construction,
equipment, etc., making
total amount listed $102,415,500.
Acquisition.—See Astoria & Columbia River RR. above.
Earnings.—For half-years ending Dec. 31:
t) mos.
Gross.
Net.
Int.&Rents.
Taxes.
Dividends.
Bal.,Sur.
1906.S36.S98,975 S19.465.476 $3,586,975 $1,266,450
(334%) $5,425,000 $9,187,051
1905. 32,966,206
From the surplus here shown deduct
improvements and betterments. $1,812,220;
balance to surplus account, $7,374,831.—V.
84, p. 60S. 221.
Passenger Fares.—Reduction of Rates by Legislation.—
Pennsylvania on April 5 signed the Dunsmore bill,
enforcing a maximum passenger rate of two cents
a mile in that State.
President McCrea of the Pennsylvania
RR.,in a letter to the Governor protesting against the enact¬
Governor Stuart of
ment of the
bill, shows (“Financial Bulletin ” of
Philadelphia
April 6) that of this company’s total passenger business
Hudson Pelham & Salem (Mass.) Street Ry.—Foreclosure | in Pennsylvania in 1906
51% was represented by “one way”
Sale.—At Concord, N. H., on April8, Judge
Edgar Aldrich, tickets at an average rate of 2.51c. per mile. The remainder
in the United States Circuit Court, issued a decree of fore¬ was made up of
round-trip and excursion tickets. 27%, at
closure and sale against the company in the suit of the New 2.009c.; commutation,
9%, at 1.061c., and mileage, 13%, at
York Trust Co., the mortgage trustee.
The company is 2c. Total average, 2.055c.
He then says:
controlled by the New Hampshire Electric
1906 the lines east of Pittsburgh failed to
earn 6 % on the
Railways Co. In capital
which, it is understood, owns the outstanding bonds (V. 82, With the Invested In doing a passenger business by
$6uu,0Q0
average rate In one-way tickets reduced from 2.51c.
p. 1157).—V. 83, p. 155.
per mile to 2c., the reduction on the business of 1906
would
Interborough-Metropolitan Co.—Possible Extension.—See
Rapid Transit in New York City below.
Fire.—See Metropolitan St. Ry. below.—V. 84,
p. 570.
Kalamazoo Lake Shore & Chicago Ry.—Lease.—This
whose road, known as the “Fruit Line,” was com¬
pleted in Jan. 1906 and is now in operation from Kalamazoo
to Paw Paw, Mich., 22 miles, has
acquired from the Pere
Marquette RR. Co. (see V. 83, p. 1525) under 25-year lease
the South Haven & Eastern branch,
extending from South
Haven to Lawton, Mich., 37 miles, possession to be taken
April 15. Rental $1,500 per month for first five years and
higher for remainder of term, lessee paying all taxes and main¬
tenance.
S. J. Dunkley, Kalamazoo, is President of the
K. L. S. & C. Ry. Co.
company,
Long Island Consolidated Electrical Companies.—Acqui¬
report of Long Island RR. under “Annual
Reports” on a preceding page.—V. 84, p. 749.
sitions.—See
Maine
Central
RR.—Lease.—The shareholders will
meet
April 26 to ratify a 999-year lease of the Portland & Rumford Falls RR., which see below.—V. 84, p. 804.
Manila Electric Railroad & Light Corporation.—Listed.—
The New York Stock Exchange has listed $22,000 additional
capital stock of this holding company, making the total
listed $5,000,000.
Results for Calendar Year 1906.
Cros
Income.
Net
Income.
Bond
Balance,
Interest.
Rents.
Dividends. Surplus.
Holding Co
{352,596 $350,238 $233,208
(2%)$99,560 $17,470
Operating Co._ 894,960 441,278
180,000 $35,000
11G.667 109.61 1
The Income of the holding company Includes: Dividend from
Manila
Electric Railroad & Light Co. (operating company, shown above)
$116,667;
bond Interest from said company, $180,000; four months’ Interest
on
$1,000 000 note of that company. $20,000"; dividend (as rental out of
$35,000 above), on La Electrlclsta stock, $34,396: Interest on
deposits,
$1,533; total. $352,596.
Compare V. 84, p. 220, 102.
P
Memphis Street Ry.—Decision as to Fares.—Judge Pitt¬
in Division 8 of the State Circuit Court, on March 27
rendered a decision sustaining the validity of the
city ordi¬
nance (known as the Malone
ordinance) passed Nov. 28 last
providing that the company shall sell 6 tickets for 25 cents,
man,
12 for 50 cents and 25 for $1.
The company Interposed a demurrer, claiming that the
ordinance of
Nov. 20 1895, which provided for a 5 cent fare, was a contract
binding on
the city, and that the later contract was therefore null and void.
The
court overruled this contention, holding that the ordinance of
1895 Is not
a contract because It was not passed In the manner
required by the charter
of the taxing district (or city of Memphis) in force In 1895 for the
making
of contracts.
.
•
for
amount to one-fifth of 51
% of $26,284,732, equal to
2.660, 737
Making that deficiency
.-$3,2 60,000
Bills or orders reducing
passenger rates to 2c. per mile
have also been reported as acted
upon as follows:
Passed by—
Remarks.
Both Houses._.Takes effect on date to be
fixed byGovernor.
Both Houses
Slimed byGovernor. Goes Into effect
May 1.
Both Houses
Sent to Governor.
Indiana
Minnesota
Missouri
Nebraska
Upper House... 1,000-mIle mileage books for $20.
Upper House..2c. on all roads In Lower Peninsula
Michigan
over
Mississippi
$1,200 per mile net.
mile
RR. Commls’n.Mileage books at 2c. per
accepted.
Both Houses
Passed early In 1906.
earning
generally
Ohio
South Dakota..BUI defeated.
Arkansas
Both Houses
Was to go Into effect April 11.
The Wisconsin RR. Commission on Feb. 18
ordered a 2 «-$e. fare and the
Alabama Legislature In the same month fixed the
same rate.
Because of
the reduction In rates, the Western roads, It Is
stated, will on June 9 reduce
the speed of trains.
In other cases litigation Is promised.—V.
82, p. 693.
Pennsylvania RR.—Law Decreasing Passenger Rates in
Pennsylvania.—See “Passenger Fares” below.
Retrenchment.—The policy of the management
regarding
improvements in the immediate future was announced April 9
follows:
as
The demand for Increased capital from other
railways, and substantially
from all branches of Industry, has made the
present rates for money ex¬
ceptionally high.
This, together with the Increased cost of labor and
material, the legislation, both State and municipal, to Increase
taxes,
reduce rates and fares, and force upon the
railways large expenditures that
yield no direct return, would seem to make it a wise
policy on the part of
your company to reduce Its capital expenditures to a
minimum, avoid new
undertakings and restrict Its expenditure, for the present, to such work
as Is now under way and must be
completed.—V. 84,
p.
626. 574.
Pere Marquette RR.—Lease of Branch.—See
Kalamazoo
Lake Shore & Chicago Ry., above.—V.
84, p. 804, 749.
Philadelphia Rapid Transit Co.—Assessment.—Touching
April 4, an advertisement says:
the $5 assessment announced
The board of directors have this
day called an assessment of $5 per share,
on or before May 6 1907, and for the
purpose of preparing a list
of stockholders as of May 6, the transfer books
will be closed from 3 p. m.
April 29 to 10 a. m. May 7 1907.
Installments will be received at 1036
Land Title Building, Philadelphia, Room 23. 820
payable
Dauphin St.. Philadel¬
phia, and at Central Tru^t Co., New York City.—V. 84, p. 804, 749.
Pittsfield (Mass.) Electric Street
Railway• Co.—New
Bonds.—The Massachusetts Railroad Commission has au¬
thorized the company to issue $100,000
4% bonds, ma¬
turing July 1 1923, for retirement of floating debt and con¬
struction purposes.—V. 79, p. 1267.
Portland & Rumford Falls RR.—Lease of Old
Companies.—
April 4 1907, with
$1,000,000 authorized capital stock, Galen C. Moses, Bath,
being President, and H. S. Bryant, of Portland, Treasurer,
This
new
company,
incorporated
on
Apr. 13
1907.]
Of the surplus of $1.001,298 for the fiscal year there was credited to ex¬
traordinary expenditures $980,000, leaving a balance of $21,298. Of the
$13,940,000 Income bonds, $13,584,000, it Is announced, have accepted
the financial plan of July 15 1906 (V. 83, p. 156).
the Portland & Rumford Falls Ry. and the
Rumford Falls & Rangeley Lakes RR., and will itself be
leased to the Maine Central RR.
The following statement
has leased
was
Neiv Officers.—Acting
been elected as President,
given out in Portland on April 4:
President William A. House has
Thomas A. Cross as General Man¬
ager and Frank A. Furst as Vice-President.
Harry A.
Orrick succeeds Henry A. Parr on the board.—V. 84, p.
The Portland & Rumford Falls RR.. recently Incorporated under the
laws of Maine, has accepted Its charter and organized thereunder, and, at
Its meetings held In Portland this week has leased the properties of the
Portland & Rumford Falls Ry. and the Rumford Falls & Rangeley Lakes
Railroad Co..assuming all the liabilities of the two roads last named.
The leases provide that the new company will pay to the stockholders
of the Portland & Rumford Falls Ry. dividends upon the stock of that
company at the rate of 8 % per annum and to the stockholders of the
Rumford Falls & Rangeley Lakes RR. (on its $300,000 stock) dividends
a: the rate of 2% per annum.
The new railroad nas acquired from Hugh J. Chisholm all the real estate
recently transferred to him In South Portland and in East Deering.
The offices of the new company will be at 120 Exchange Street, those
heretofore occupied by the Portland & Rumford Falls Ry.
The bonded debt of the Portland & Rumford Falls Ry. will be found
on page 26 of the ‘‘Railway and Industrial Section” for Jan. 1907.
Com¬
pare also V. 83, p. 626.
The Rumford Falls & Rangeley Lake RR. extends from Rumford Junc¬
tion to Rumford Falls and from Canton to Oquossoc, 36 miles, making
with the Portland & Rumford Falls Ry. a line about 100 miles in length.
It has outstanding $400,000 40-year 5 % consolidated mortgage sinking fund
gold bonds dated Oct. 31 1897 and due Oct. 1 1937, and $278,000 of an
authorized issue of $300,000 20-year mortgage bonds dated Nov. 2 1903,
627.
Wabash RR.—Sale
Lease to Maine Central RR.—See that company, above.
Portland & Rumford Palls Ry.—Lease—See Portland
Rumford Falls RR., above.—V. 83, p. 626.
of Notes to Retire $6,160,000 5% Notes
that Mature May 10 1907.—In order to provide for the re¬
tirement of the $6,160,000 5% notes maturing May 10,
there have been sold to Tailer <fe Co., 27 Pine Street, New
York, $6,160,000 Wabash RR. Co. “two-year collateral 5%
gold coupon notes,” dated May 10 1907, due May 10 1909.
An authoritative statement says:
Interest payable May and Nov. 10.
Authorized and Issued. $6,160,000.
Denominations $1,000, $5,000 and $10,000.
Industrial Trust Co., Provi¬
dence, R. I., trustee. Coupons will be paid in Providence at the office
of the trustee and in New York at the First National Bank.
Secured by
$6,600,000 of the first mortgage 50-year 4 % bonds of the Wabash-Pittsburgh Terminal Ry. Co. of 1954 and $4,800 000 Wabash RR. Co. first re¬
funding gold 4% bonds, due 1956, and by the entire $10,000,000 capital
stock of the Wabash-Pittsburgh Terminal Co.
The above collateral shows
over 40% margin.
These notes have been actively traded in on a 6lA%
basis and the greater part have been sold.
and due Nov. 2 1923.
&
The Industrial Trust Co. of Providence has arranged with
the First National Bank of New York to issue temporary
Puget Sound Electric Ry.—New Issue of Notes Offered.—
are offering at 94% and interest, at which
they yield about 6%%, $500,000 of the new authorized
issue of $1,000,000 convertible 5% gold notes, dated Feb. 1
1907, due Feb. 1 1912; callable at company’s option on any
interest date at 102% and interest and convertible at option
of holder at par into 6% preferred stock on or after Feb. 1
1909.
Principal and semi-annual interest (Feb. 1 and Aug. 1)
payable in gold in Boston. An issue of $1,000,000 similar
notes, due Feb. 1 1911, was placed in 1906.—V. 82, p. 1269.
Rapid Transit in New York City.—Bids.—The Rapid
Transit Railroad Commission, 320 Broadway, is advertising
(see “New York Times” of April 11) for bids until noon
April 25 for building the section of the subway railroad
system to be known as the Lexington Avenue route. The
following bids, contrasting with a previous estimate of
$2,600,000, were opened on Thursday:
receipts for the above notes, bearing interest at the rate of
5% per annum, until the engraved notes are ready.
The new notes are secured by the same collateral as the
old, with the addition of $4,800,000 of Wabash 4% first
refunding bonds.—V. S4, p. 804, 272.
Washington (D. C.) Terminal Co.—Progress of Construc¬
tion.—The “Railroad Gazette” of April 5 has an illustrated
article regarding the progress of this new union station, in
which it is stated that 75% of all the work has been finished,
the remainder being of a kind that can be completed
speedily. It is expected that the trains of the B. & O. will
begin running into the new station during the present year.
Dissolution of Syndicate.—The “Boston News Bureau” of
April 6 said:
Boston bankers
-
869
THE CHRONICLE
The syndicate which in February 1905 took over at 96^ $10,000,000
3t£% 40-year gold bonds dissolves to-day.
Only 47% of the securities
taken by the syndicate have been sold, and the remainder will be distributed
among participants.
The bonds sold yesterday on the curb at 90. but It
Is said that only recently syndicate participants have sold a block at 87 \a.
—V. 83. p. 493.
First section of the subway loop connecting the East River bridges,
vis.: the section in Centre eSt. between Pearl and Canal: From Degnon
Co., tunnel, $2,952,000, and pipe galleries. $83,000; from Cranford Co.,
Winnipeg Electric Street Ry.—Earnings.—For. cal
tunnel, $3,775,000, and pipe galleries, $50,000 —V. 83, p. 214.
Rumford Falls & Rangeley Lake RR.—Lease.—See
land & Rumford Falls RR., above.—V. 65, p. 1025.
Year—
1906
1905
Port¬
1st Chocs.
31.71%.
Capital stock outstanding Dec. 31 1906, $4,375,200, against
$4,000,000 Dec. 31 1905: bonds, $5,400,000, against $3,500,000: due Bank
of Montreal, $334,912. against $918,904.
Compare V. 83, p. 1525.
& Sons, Chicago, Boston, &c., are offering at par and interest
$200,000 first mortgage 5% bonds, due Jan. 1 1927, but
subject to redemption at 105 and interest on any interest
Yellowstone Park RR.—Foreclosure Suit.—A press de¬
spatch from Helena, Mont., on April 11, states that Hour}' D.
Tudor, Rufus L. Sewall and Alan M. Fay, of Boston, as
holders of $38,000 bonds, havp brought suit in the Federal
Court at Helena, Mont., for the foreclosure of the mortgage
given to secure a $3,000,000 bond issue, dated July 1 1905.
The coupons of July 1906 remain unpaid.
The road is in
operation from Bridger on the Northern Pacific Ry. to Bear
Creek, etc., 31 miles, and projected and partly built toward
Cooke City, 125 miles in all.
Compare V. 81, p. 1494.
date on and after Jan. 1 1917.
The road is in operation from
Sioux Falls, So. Dak., to Rutland, So. Dak., 42 miles, and
is to be extended to Watertown, So, Dak., making 100 miles
in all.
A circular says:
These bonds, when Issued to the amount of $750,000, will constitute an
absolute first mortgage at the rate of only $7 ,500 per mile on a standardgauge steam railroad connecting Sioux Falls, S. D., with Watertown, S. D.,
100 miles, and passing through an unusually rich territory, a large portion
of which is practically non-competitive.
Forty-two miles of the road run¬
ning to Sioux Falls are now under operation and contracts are being entered
into to complete the 100 miles into Watertown during the year 1907.
Fav¬
orable traffic arrangements are In effect with large railroad systems.
The
net earnings received from the operation of 42 miles of road for the year
1906 were $41,961, which were about 2 % times the Interest charges on
$300,000 Issued against that mileage or. more than the Interest charge on
the bonds to be Issued against the entire 100 miles.
The liberal sinking
fund will retire over $300,000 of the bonds.
(Amended articles of Incor¬
poration were filed in South Dakota in June 1905.
At last accounts P. F.
INDUSTRIAL,
GAS
AND
MISCELLANEOUS.
American Pneumatic Service Co., Boston.—No Preferred
Dividend at Present.—The directors on April 10 voted:
Sherman, of Sioux Falls or Colton, S. D., was President.)
That on account of the Increased business of the company in acquiring
and completing valuable contracts, we believe that it is to the best Interest
of the stockholders that no dividend be declared on the preferred stock
‘at this time.—V. 84, p. 572, 510.
Southern Pacific Co.—New Director.—W. Bayard Cutting
has been elected to the board to succeed D. 0. Mills, who
p.
Net.
Passengers carried, 17,229,554 In 1906 and $13,081,249 In 1905: Increase.
South Dakota Central Ry.—Bonds Offered.—E. H. Rollins
resigned.—V. 84,
year:
Dividends.
Bat..Sur. Total Sur
$1,416,305 $714,341 $251,038
$248,668 $214,635 $761,538
1,119,768
544,021
149,570 (5%) 200,000
194.451
546,052
Gross.
804.
American (Bell) Telephone & Telegraph Co.—New Busi¬
ness.—The instrument output for February 1907 and the
two months ending Feb. 28 1907, with the corresponding
Tennessee Central RR.—Settlement with
City of Nashville
as to Subsidy—$1,000,000 City 4% Bonds Turned Over, with
Interest from May 1 1904.—See “Nashville” in “State and
City Department” of this issue.—V. 84, p. 571.
Terre Haute Indianapolis & Eastern Traction Co.—Deeds
and Leases Filed.—The “Indianapolis News” of April 4 says:
figures for three years,are stated as follows (each telephone
being two “instruments,” viz., one receiver and one trans¬
mitter):
February—
Three deeds and two leases filed with the recorder of Marion County
to day convey to the company five interurban railway lines in the State.
The lines leased are the Indianapolis & Northwestern Traction Co. and the
Gross output
Net output
Jan. 1 to Feb. 28—
1907.
148,762
93,351
1906,
1905.
161,775
134,301
86,724
112,933
1904.
84,402
47,309
264,935
175,046
Indianapolis & Martinsville Rapid Transit Co., while the Indianapolis & | Gross output
323,068
338,382
Western RR. Co., the Indianapolis & Eastern Ry. Co. and the Indianapolis j Net output
179,658
101.099
190,250
226,316
4,660,222
3.S80.616
Coal Traction Co. are bought outright.
; Total outstanding Feb. 28
7,298,086 5,924,574
The leases each run for a term of 999 years.
As rent, the company will
Compare annual report In V. 84. p. 800, 815.
pay the interest on the bonds of the Martinsville line, whatever sinking fund
is required, and $500 a year to keep the company in existence.
To these
(J. G.) Brill Co.—Purchase Completed.—See Wason Manu¬
provisions in the case of the Indianapolis & Northwestern Traction Co. It Is
facturing
Co.^below.—V. 84, p. 751.
provided that 1
Interest shall be paid on the present outstanding capital
stock of the company.—V. 84, p. 572.
British Columbia Packers’
Association, Toronto.—Pay¬
of Back Dividends.—A dividend of 3%% has been de¬
clared on the $1,270,000 preferred stock for the period from
May 20 1905 to Nov. 20 1905.
Books close May 10th
Texas Western
Ry.—Sold.—At Houston on April 2 this
company’s property was sold at auction under order of the
court to satisfy a judgment for $165,541 (representing $125,000 on a note with interest from 1900), and was bid in by
Elijah Smith, holder of the judgment for $10,000. The
“Dallas News” sa3rs:
The road was constructed as far as Sealy, 52 miles, when the panic of
1873 forced it to the wall.
After lying idle for years.it was resuscitated
in 1900 and sold to a company organized under the name of the Houston
Cash to the amount of $25,000 and
Brazos & Northern to reconstruct it.
a note for $125,000 was given as payment, but the note was defaulted.
In October of last year Judge Walter Burns ordered the remnants (unoper¬
ated) to be sold to satisfy the Judgment.
Compare V. 83, p. 12 91.
For calendar
to 20th.
This dividend makes 21% of back dividends paid within the year.
There now remains only 1 M years of back dividends, which should be paid
I off this year, and the common stock should then come in for dividends.—
j V. 84. p. 222.
(Tenn.) Gas Co.—Bonds Offered.—E. H.
Denver and San Francisco,
offering at par and interest by advertisement on another
Chattanooga
!
Rollins & Sons, Chicago, Boston,
!
!
are
page
of this issue $225,000
first* mortgage gold 5% bonds,
Electric Co., Baltimore.—Report.— I being the unsold portion of the present issue of $500,000,
year 1906, compared with 1905:
i fully described, in connection with statement as to the
Gross
Net.
Oth.inc. Chgs.,&c.
Bah, sur. | earnings, property and organization of the company, in
$6,583,102 $3,362,160
$4,725
$2,365,586 $1,001,299
See p. S05.
6,023,698
2,258.407
2,725
2,230,067
31,065 | last week’s “Chronicle.”
United Railways &
Year—
1906
1905
ment
870
THE CHRONICLE.
Consolidated
Railway Lighting & Refrigerating Co.—
Kohlsaat in the Circuit Court of the
United States for the Northern District of
Illinois, Eastern
Division, on March 15, in the suit of the subsidiary Consoli¬
dated Railway Electric Lighting & Equipment Co.
against
the Adams & Westlake Co., handed down a decision restrain¬
ing the latter from infringing a certain patent (No. 740,982,
issued to Patrick Kennedy and assigned to the
complainant)
relating to the outside suspension of dynamos to car trucks
in electric-lighting equipment.
The Court says:
Decision.—Judge
"No device in the prior art combines all the enumerated elements
or ac¬
same results.
The evidence shows the device has taken hold
of the market and is supplanting its predecessors in the art.
Kennedy was
the first to assemble and put into practical commercial
shape the various
elements and combinations of the patent in suit."—V.
82, p. 1325.
»
complishes the
Consolidated Steamship Lines.—Amalgamation.—The New
York <fc Porto Rico Steamship Co.
(which see below) it is
said, will be included in the amalgamation shortly expected
to take place under this title.
An exchange
says:
[VOL.
LXXXIV.
installments of $25,000 on April 1 from 1931 to
1936, both
inclusive, but redeemable on any interest date prior to 1911
at 110 and interest, and thereafter at 105 and
interest.
Total authorized issue, $1,000,000;
outstanding,
including
the above, $448,000;
remainder, held in escrow under con¬
servative restrictions, $552,000.
Results for Year ending Dec. 31.
Gas output (cubic feet)
Meters in use
Gas stoves and other appliances In use
Arc lamps In use
1905.
1906.
58,070,700
2,828
1,550
67,028,800
15.4
3,398
2,262
1,146
20.1
45.9
69.5
676
Gross earnings
$70,454
% Inc.
$93,915
55,877
33.30
25.28
Net earnings
$25,854
$38,038
Interest on first mortgage bonds outstanding during year__
16,450
47.12
Operating
expenses
(tnclud. taxes and Ins.)
Surplus..
.
44,600
-
$21,588
i
“A similar increase in net
earnings is expected for several
years to come” under the new management.
See further
particulars in V. 82, p. 872.
Greene Cananea Co.—In Full Possession.—The company
took title to its Cananea Central
properties on April 5 when
Dayton (0.) Gas, Light & Coke Co.—Report of Expert.— it paid the final installment of $1,500,000 on the purchase
At Dayton, Ohio, on April 5 the
grand jury brought in an price of $2 ,”50,000. The previous installments were
indictment against Secretary George M. Smart for embezzle¬ $250,000, which was paid" when the option was
exercised,
ment on nineteen counts.
According to a press dispatch and $500,000 paid March 1. Compare V. 84, p. 806, 510.
from Dayton the total amount of the defalcation is said to
Hackensack Meadows Co.—See John R.
Terrier, above.—
be approximately $189,000.
See “Cincinnati Inquirer” of V. 81, p. 1377.
April 6 and compare V. 84, p. 223, 102.
Hartford (Conn.) Electric Light Co.—Called
Bonds.—The
Denver Gas & Electric Co.—Dividend Expected.—A circu¬
unregistered first mortgage bonds amounting to $165,000
lar lias been sent to the stockholders
stating the intention issued under mortgage dated May 1 1896, securing an issue
of the directors to declare a dividend, the amount of which of
$200,000 5% bonds have been called for redemption on
will be decided upon at a meeting to
be held in May.—V. 84, June 1 at the office of the Security Company, Hartford,
p. 628. 105.
Conn., trustee. Compare V. 84, p. 393, 341.
Eastman Kodak Co. of New Jersey.—Listed.—The New
Houston Oil Co.—Increased Payments from
Kirby Lumber
York Stock Exchange has listed $175,000 additional
Co.—The receiver of the Houston Oil Co. and the
6%
Kirby
cumulative preferred stock and $11,500 common
stock, Lumber Co. have come to an agreement under which the
making total amount listed S6,165,700 6% cumulative latter is to cut 24,000,000 feet of timber per month and to
preferred and $19,536,200 common stock.— V. 84, p. 806, pay the Oil Company therefor at the rate of $5 per thousand,
SOI.
aggregating $120,000. This agreement goes into effect at
Economy Light & Power Co., Joliet, Ill.—New Bonds— once and remains in force until Feb. 1 1908. It will increase
Offer of Exchange.—The 5% bonds, due 1915, having been the Oil Company’s income at the rate of $500,000 per annum.
—V. 84, p. 696.
called for redemption, Redmond & Co., New
York, and the
Trust Co., Chicago, offer holders the
Hudson River Water-Power Co.—Judgment
privilege of ex¬
Affirmed.—
changing their maturing bonds for the first mortgage 5% The Appellate Division of the Supreme Court, First Depart¬
gold bonds due 1956 on the basis of par and interest in the ment, has handed down a unanimous decision affirming the
new bonds for the
maturing bonds, at 107}^ and interest, report of Hon. Alton B. Parker, referee, in the suit of the
the price at which they are called for
National Contracting Co. against the Power Co. The com¬
redemption.
The Cfw Issue is limited to $3,000,000, of which
plaint
$2,000,000 has been sold
is dismissed and jdugment awarded to the Hudson
and $1,000,000 Is reserved for future
improvements and additions at not
River Water Power Co. on its counterclaim for
exceeding 85% of cost.
Bonds dated Dec. 1 1906 and due Dec. 1 1956,
$287,253,
without option of earlier redemption.
this modification of the amount of the counterclaim
Denomination $1,000 c*.
Interest
being
payable June 1 and Dec. 1.
Royal Trust Co., Chicago, trustee.
The
consented to by the latter.
Compare V. 83, p. 754.
underlying Issues will be paid off In May and June next, leaving the new
bonds an absolute first lien.
The capital stock Is now $3,000,000.—V.
73,
Imperial Paper Mills of Canada.—Bonds.—The proposed
p. 844.
issue of £400,000 5% mortgage debentures, it is
stated,
Edison Electric Illuminating Co. of Boston.—New Stock.— has been
authorized.
Compare V. 84, p. 806.
The offering of $1,140,500 of new stock at $215 a share to
Indiana Natural & Illuminating Gas Co.—Plan.—See
stockholders of record March 6 came at a time when the
Ohio & Indiana Consolidated Natural &
Illuminating Gas
money market was greatly disturbed and only about
6% Co. below.—V. 81, p. 1045.
of the issue, it is understood, was taken
by the stockholders,
so that unless the Gan and Electric Commission
Jeffrey Manufacturing Co., Columbus, O.—First Dividend
authorizes an
on Preferred Shares.—The
offer to the shareholders at a lower
company early this month paid
price, the unsold stock
its first quarterly dividend of
will probably be offered at auction as soon as conditions
1^2% on its preferred stock,
are
On Jan. 1 there were $2,500,000 notes
favorable.
recently issued. Compare V. 84, p. 573.
payable,
but none of these, it is stated, mature in the near
future.
Keystone Telephone Go., Philadelphia.—Notes Issued.—
The “Boston Financial News” says:
The company has made an issue.of $600,000
3-year 6% gold
Th*r t^rriirjgb arc giving sAtlrfadlon —In fact
notes of $1,000 each, dated 1907 and due March 1
exceeding all expectations.
1910, but
The company reduced It* prieera the first of last
July, the reduction being5 redeemable March 1 or
Sept. 1 1909; interest payable Sept.
equivalent to about $200,000 of gross earnings and almost an equal amount
in net.
The business is growing faster than at
1 and March 1.
These notes are secured by
any time In the company’s
deposit with
history, so that notwithstanding this reduction earnings for the nine
the trustee of $720,000 of the
months of the current fiscal year
company’s first mortgage
compare favorably with those of tiie
corresponding period in the previous year.—V. 84. p. 573, 510.
bonds, of which $4,485,000 have been sold and are now out¬
For the’calendar year 1906 the gross earnings
Federal Sugar Refining Co.—Dividends.—-The directors standing.
were
have declar'rd a dividend, No. 3, of
$901,233, contrasting with $790,221 in 1905; “net
3% on the preferred available for interest”
$398,752, against $376,119.—V. 84,
stock, payable May 1.
Dividend No. 1, paid Feb. 7 1905,
wa>. 3 2%;
No. 2, paid Aug. 25 1906, 3%. Total accumulated p. 218.
arrears a*-, of May 1
Kirby Lumber Co.—Agreement.—See Houston Oil Co.
1907, 9%. Compare V. 84, p. 691
above.—V. 84, p. 697, 7oi.
rJohn R.) Ferrier of New York.- Suit.—The Standard
La Fayette Gas Go.- Plan.—See Ohio A Indiana Consoli¬
7ruet Co. of New York, as mortgage trustee, has instituted
dated
Natural & Illuminating Gas Co. below.—V.81,
proceedings V/ foniclosc the mortgage of John R. Furrier
p.1045.
under which $1,162,000 4%% bonds are
Lake
Superior Corporation.— Notes Renewed. —1The Ca¬
outstanding, cover¬
ing the property sold \j, the Hackensack Meadows Co. (V. 80, nadian Improvement Co. notes which enmc due on
P 3237;
T. 82, p. 871, 1159). Control of the last-named and which were guaranteed by the Province of April 1,
Ontario,
oorpoiation was acquire! in May 1906 by the New- Jersey have been renewed for a period of six months. The rate of
TennjnaJ J>ook improvement Co. Compare V.
81, p. 1378; interest on these notes Is 5% .—-V. 84, p. 697.
Y.^782,
p. 11 59; V. 81, p. 511.
Las Animas Light, Power &
Manufacturing Co., Trinidad,
he
Jersey City Journal” of April 5 said: The shares of the Eastern, Metropolitan,
Clyde, Mallory, New York &
Cuba and New York & Porto Rico, will be
exchanged for 4% bonds of the
Consolidated Steamship Co. on the basis of one bond for each ten shares of
stock.
Compare V. 84' p. 53. 161, 393. 223.
,
\
.
Ini JVb: idr
hit ec/3,V;'i
who
heavily indebted. Issued
20 you bonds
and turned ove/ hi* property to the trust
company as
collfeVe/tu.
fe mortgage
upon the land which Is now the subject
of the foreciosu/e toll.
At the same time be conveyed the title of the
property
Hecy J, ‘Sprague, who soon afterwards deeded It to the
llfc/jkcjusfeefe
lows Go.
The trust company claims that there Is still
due on the mo/Vgfcge $J ,382,000,
together with large arrears of interest
A
of the bondholders have
requested the trust company to foreV
3J&5r
p
Vo
Fort
Wayne
,
Jlml.y
Cowbolidatod Natural
V, 82, p. 1442.
Co.
Gas
A
-
/'Cm. E'en Ohio A Indiana
illuminating Co. below.
Gat Light Co, Of Augusta, Ga
Bonds Offered
Status.
Dev)U, Tremble & Co., Tiist National Rank
Building, Chi¬
cago, are offering at 98
and in threat $1 50,000 first mortgage
6% k-ertal gold i/onds, dated April 2 1996, and due in annual
Col.
is “
Denied.--Superintendent C. M. Paul
foundation
no
have
for the report
writes that there
” that the bondholders
applied for it receiver.
Liquid Air Power & Automobile Co. Shares at Auction.—
At auction in this city on A| mil 3 live shares of $10 each
were
<V.
sold for $2 for the lot.
V. 73, p, |M7.
Logansport & Wabash Valley Gas Co. - Plan.- See Ohio
Indiana Consolidated Natural A
Illuminating Gas Co.
below.
:
V, 81,
p.
1045.
Mackay Companies, hinted in Bouton Preferred Shares
Sub pet to Call.
7 he Boston Stock Exchange, has listed this
company's outstanding share capital, namely #41,380,400
common
and $50,000,000 preferred.
The ”Deelnrntion of
7 rust”
provides
in
substance;
Apr. 13
L
dividends In each year out
of 4 % per annum and no
more, payable quarterly
on the first day of January, April, July and Oc¬
tober, which shall be paid or set apart before any dividends shall be set
apart on the common shares.
These preferred dividends are cumulative,
and If, In any period of three months, quarterly dividends at the rate of
4 % per annum are not paid on said preferred shares, the accrued and unpaid
dividends shall be a charge on the net earnings, payable subsequently
before any dividends are paid or set apart on the common shares.
In the
event of liquidation, the proceeds of liquidation shall first be applied to
the payment on the preferred shares, $100 per share, and any accrued and
unpaid dividends thereon, and the balance remaining thereafter shall be
divided among the holders of common shares In the propoitlon to their
holdings.
All or any of the preferred shares shall be subject at any time to redemp¬
tion by the trustees at 106, and any unpaid cumulated dividends past due
thereon.
The holders of the preferred and common shares are entitled
The preferred shares are entitled to receive
of the net earnings of the companies at the rate
to
equal voting powers.—V. 84, p.
807, 447.
Montgomery (Ala.) Light & Water Power Co.—Bonds
Offered.—Cramp, Mitchell <fc Shober of Philadelphia, who,
are offering at 823^ and interest 8125,000 first consol, gold
5% bonds due Jan. 1 1943, issued to retire old bonds, report:
Year Ending Feb. 28 1907.
$282,688| Interest on outstanding
158,974| Surplus...
Earnings for
Gross
Net
87 r
THE CHRONICLE
iuo?
First consolidated bonds authorized.
bonds outstanding, including underlying
—V. 80, p. 1426.
Newhouse Mines & Smelters.—On
New York Stock Exchange
unlisted department to
bds_$100,801
58,173
Total
bonds, $2,085,000.
$3,000,000.
“Unlisted” List.—The
has granted a quotation in the
the $6,000,000 capital stock (par
in at dollars per share.
Allotment of
Slock to Bondholders
Xew Bonds and Preferred
Bonds
to be
Retired.
$
La Fayette Gas Co
Indiana Nat. & Ilium.GasCo.
Ohio & Indiana Gas Co.....
960,000
820,000
1.940,000
Logansp.<Sc Wab.Val.Gas Co.l ,690,000
Gas Co
1,940,000
Fort Wayne
Issuable therefor
X etcPrtf.
New
Stock.
Bends.
$
$
750,000
500,000
150,000
100,000
750,000 1,125,000
650,000
975,000
,0U0,000 1.500,000
Pr $1 ,000 Pd
Xew X etc Pf v
Bonds. S lock.
$
S
520 00 780 00
122 00 183 00
386 50 579 75
384 50 576 75
515 50 773 25
7,350,000 3.000,000 4,500,000
Common Stock.
In order to obtain a market for the bonds now to be sold (not expected to
exceed $400,000) as aforesaid, and thus to relieve the present bondholders
Total
-
Allotment of Xetc
the common stock will be issued to the purchasers
the privilege of subscribing for such bonds will be
given. In the first Instance, to the stockholders of the present companies.
Inasmuch as substantially all the stock of these companies Is held by the
Ohio (c Indiana Consolidated Natural & Illuminating Gas Co., the privilege
of subscribing for the said new bonds will be given to the stockholders of
that company, pro rata.
If the said stockholders should not fully exercise
this privilege, the committee will use the common stock remaining. In the
same manner, for the purpose of Inducing a syndicate to underwrite the
necessary amount of new bonds.
of a heavy assessment,
of the new bonds, and
Offer from Syndicate.—Alex Le Vino,
announces by advertisement:
York,
On behalf of a responsible gas syndicate
La Fayette Gas bondholders and Fort Wayne
52 Broadway, New
I am Instructed to offer the
Gas bondholders 4% interest
guaranteed for 99 years on the face value of their bonds, provided
a sufficient number of bonds can be secured.
Within a short time the same syndicate will offer to the bondholders of
the Indiana Natural and Illuminating Gas Co., Ohio <k Indiana Gas Co.
and Logansport & Wabash Valley Gas Co. an equally favorable proposition,
provided the La Fayette Gas and Fort Wayne Gas bondholders assent in
per annum
sufficient number.—V. 82, p.
1500.
O.—Xew Stock.—This
incorporated
in
Ohio
in
February
1906 as suc¬
all, at par
fund, $100,000 yearly after cessor of the Ohio Lime Co.. Ac., recently increased its
stock from $1,000,000 to $1,500,000.
Peter M. Martin
May 1 1907.
This Is a New York corporation owning copper, &c., proper¬
ties at Newhouse, Utah.
President Samuel Newhouse. Office, 71 Broad¬
of Huntington. Ind., is President and W. B. Whiting,
way, New York.
Chamber of Commerce Building, Toledo, is Secretary*.
A
New Jersey Terminal Dock & Improvement Co.—Fore¬
from Marion, O., on Feb. 7 1907 said:
closure
Suit.—See John R. Ferrier above, and compare press dispatch
Peter Martin to-day obtained control of the Norris & Christian Stone &
value
$10), the stock to be traded
There are also outstanding $1,500,000 first mortgage 6 %-gold
•dated June 1 1903 and due In 1913, but subject to call, any or
at any time on sixty days’ notice.
Sinking
bonds,
V. 84, p. 511.
New York & Porto Rico
Ohio & Western Lime Co., Toledo,
company,
Lime Co. and the Central Stone
& Lime Co., the consideration being over
$500,000.
The Ohio & Western Lime Co., of which Martin Is President
Steamship Co.—Successor Com¬ and
General Manager, now owns and controls plants at Huntington. Bed¬
and Mitchell. Ind., and at Lucky, Fostoria. Gihsonburg. Sugar Ridge.
pany.—A company with this name and $10,000,000 of auth¬ ford
Tiffin, Genoa, Limestone, Lime City and Portage. Ohio.
Mr. Martin is
orized capital stock was incorporated under the laws of Maine
also affiliated with Caleb Gowan of Cleveland, who operates extensive plants
•on April 8 as successor of the company with the same title,
at Kelley’s Island and Sandusky.
which was recently purchased by Charles W. Morse and
Philadelphia (Pa.) Electric Qo.—Report.—The results for
associates.
The officers and directors are:
the calendar year 1906. presented at the annual meeting on
President, Clarence B. Height, Brookline. Mass.:
Treasurer, H. F. Wednesday, compare with 1905 as follows:
Sweetzer, Portland;
Clerk, Frederick H. Low, Bath; Directors: L. L. Cal.
Gross
Oper. Erp. Balance. Dttid'ds Surp. for
Tot rurv.
Height and H. L. Cram, Portland; P. E. Coyle, Brookline; and E. C.
Year.
Income.
ck Charges. Surplus.
Paid.
Year.
Dec. 31.
Ramsdell, Boston.
1906
S4.503.878 $3,683,161 $820,717 $499,935 $320,782 $1,732 520
(Of the 100,000 shares of stock, par $100, 80,000 shares. It Is said, will
1905
4,104,113
3,293,097 811.016 499.935 311.081
1,411.737
be Issued, Including some 20,000 taken by bankers at. It Is supposed,
Eqsiivalent of 16-candle-power lamps connected Dec. 31 1906 was 1.273,about $30 a share.
It is thought probable that all the outstanding shares
862. an increase of 201,719, or 18.8%.—V. 82. p. 1209.
will be turned In for exchange for the stock and bonds of the Consolidated
Steamship Lines, which see above.—Ed.)—V. 84, p. 452
Shelby Steel Tube Co., Pittsburgh.—Favorable Decision.—
Ohio & Indiana Gas Co.—Plan.—See Ohio A Indiana Con¬
Judge Archbald in the Circuit Court of the United States for
solidated Natural A Illuminating Gas Co. above.—V. SI,
the Eastern District of Pennsylvania decided in favor of
p. 1046.
the company (a subsidiary of the.United States Steel Cor¬
Ohio & Indiana Consolidated Natural & Illuminating Gas poration) the suit pending for several years against the
<Oo.—Reorganization Plan for Controlled Companies.—-A plan Delaware Seamless Tube Co. of Auburn. Pa., and others,
of reorganization dated April 5 1907 has been prepared for involving the validity of the original Suefei piercing mill,
this corporation and its constituent companies, namely the which is described as “the foundation principle in the manu¬
facture of seamless steel tubing."
La Fayette Gas Co.. Indiana Natural A Illuminating Gas Co.,
The claim of Infringement of patent fNo. 531.340' granted to R
C.
Ohio & Indiana Gas Co.. Logansport & Wabash Valley Gas
Dec. 1905 and assigned to the Shelby Company was sustained.
•Co. and Fort Wayne Gas Co., by the committee consisting if Stlefel
The opluion was given at length In the "Iron Age" of April 4 —V 73. p 444.
James N. Wallace. Anthony N. Brady, Charles F. Dleterlch. James P.
Tower Hill Connellsville Coke Co.—Xeu: Enterprise—Bonds
Lee, Albert Tag and F. S. Hastings, with Fred C. Randall as Secretary.
54
Wall Street.
A circular says
•
in substance:
During the past year and a half
consider manv difficult questions,
the committee has been calk'd upon to
due to the physical condition of the
Subscribed.—This company was incorporated
the laws; of West Virginia with -$5,500,000
recently under
capital stock,
practically all outstanding ($1.500.000 being 6^ cumulative
preferred: par of shares $ 100>. and purchased 2.000 acres
of Connellsville coking coal with 700 acres of surface in
Luzerne and Redstone townships. Fayette County. Pa., for
•value of the property.
Improvements have been made in the readjust¬ the
purpose of establishing a large coke oven plant.
A first
ment of the properties so as to adapt them to the use of artificial gas; and
•the outlook for their future is encouraging. If reorganized upon a con¬
mortgage has been made to The Citizens’ Savings A Trust
servative basis and If confiscatory rates are not Imposed by the municipal
Co. of Cleveland, as trustee, to secure an issue of 52.500.000
.or State authorities.
"While there Is still a considerable amount of natural gas supplied by some
5*T gold bonds, substantially all outstanding, dated Jan. 1
.of the companies, the committee have not deemed It wise to rely upon the
1907 and due $500,000 Jan. I 1917. $500,000 Jan. I 4922.
continuance of returns therefrom, except as such returns will aid In the
$500,000
Jan. 1 1927 and $1.000.000 Jan. 1 1952: but subject
.upbuilding of the artificial gas business. Excluding any profits from natural
gas. It Is confidently expected that a sufficient Income will be derived from
to call on any interest-paying date, in the inverse order of
the plants to pay the Interest on the proposed issue of new bonds, with a
their numbers, at 105 and accrued interest.
Interest payable
substantial Surplus for the preferred sttH'k.
The territory occupied by the companies is such that It can be served
Jan. I and July l at office of trustee.
Sinking
fund 25 cents
more economically and efficiently by a single corporation.
In the plan l
per
ton
of
coke
and
15
cents
per
ton
of
coal
shipped.
The
adopted, the bondholders will receive, in new bonds and preferred stock. ’
the entire value of the properties, based upon any return likely to be de ! lower
Hill ConueUsviUe Coke Co. of West Virginia owns
rived from the properties during the next few years.
the entire capital stock ($5,000) of the bower Hilt ConnellsA decree of foreclosure will shortly be entered In the case of each com¬
villc Coke Co. of Pennsylvania.
The West Virginia corpora¬
pany, and the properties w 111 thereupon be sold at the respective foreclosure
Kales.
Notice of the plan has been published, the first publication being
tion will be the operating company.
The company paid
made on April 6 1907.
bond,
except
bonds
of
the
A
}
Any
Logansport Wa
bash Valley Gas Co., heretofore deposited may be withdrawn on or before : $1,700 per acre for the 2.000 acre's of ConnetlsviUe coking
April 26. upon surrender to the Central Trust Co, of New York of the oeo i coal, or $5,400,000
I'hc company will expend $t,000.000
tlfieate of deposit and payment -of $5 upon each bond, as a fair contribution
to the expenses and liability of the committee.
The bonds of the Logans- ; for improvements and for this purpose $ U COO 000 bo mis
port it W abash Valley Gan Co. were pledged to secure a loan for the pur- j out of the issue of $2,500,000 are being held by the com¬
pose of completing the artificial plant of the company, and can be with ,
drawn only upon the payment of $60 per bond.
A large majority of the , pany . and proceeds can tv used only in the development of
bonds of each company have been deposited under the dttTervut bond
’ the property. The “Iron Age" of Feb. 7 1907 said:
holders’ agreements, and the committees have decided to permit the re ,
On shU vvavity she ct.v.uj>«*ay wilt mvt t.900 ceAv omkius at tawUwrt*
malnlng bondholders to participate tn the reorganUation upon condition
300 *s oiu-e. auU 2\V tiuky jls sect* ax shy ccai
vugaeteqaiy JvChat their bonds be deposited on or be hue May i 1907.
| xW8l£U.
vyUnvU.
The vo4U4vtuy tuu-ust* so tv<CjL xOiihfe* thy
by VLvrvh 1.
Flan ot Roorganlcation.
which wiU '.vv'vtMy yu*Mv U so
c\m! auO
ty jKvvfuce evkv by
A new company will be organised under the laws or Indiana, or such
fall.
The \»A\avt«y
shy I'i-eycs ot she Orietts. H C. FpcA. Cta&svtt.
othet State as may be-determined upon by the committee, with the title. ; Republic xuU ThotuycsCiU xVastyRsvUlv vV&y
tyvu5*ti ou.
xaU
j Shy IVunsyixauU.
A UW Erie eaU bkeAL/ietv a Obiv ra&uttsjte.
*’The Indiana Consolidated Gas Company.** or with some other title.
Thy
khycUUcus
U
i>.
RywvU,
Vhiwtvwtt.
why
l»
Vice-Ftwiyk'ttS
Stock und Hands of the N’rV Oompd*#.
vvf shy Vtyvhuiu RywvU vV- ot \yw Vcrk jl.uU a juvetyr ijt she Rich HUi
4 % non-cumulative preferred stock rpreferred as to assets and as
Oxvky i\* ; First Vive- FtvrtKlvua. F M v>abyiuy. ClyvylaijtvL phiy.
to earnings to the extent that the same may be declared In
FvwKiyttS ot shy Vi’Sfee
vet shy YyuihlotfhYuy A s.'hV vVAy vV- Attxt
dividends, but not to be cumulative'. all Issuable to old bond
huveh S.\xxl vV ; StvcaU Vkv VtvtJ-Ucus. J. V.
$4.5lHVlHV yf
holders
shy t'hvHsiwsvxu, v\*4UKtt»vRiy vVAv vV-, Scy*y«ixiy
vJyttytag
Common stock Issuable as bonus In sale of new bondstX'iX \'ak«k»w». fvuu*ytiy GvttyiuJ
shy S.rtvc bUli vuiy
- , $3,550,000 ; L. \V
vV ; IhvvAsu'.yi
J 14. Nxiss. 01vvyl<M*g. Ohiv. StvfySivrv g Chy vViaecw
First mortgage 30 year 4 % gold bonds imleematde at U'3 and
a 'ihswt iV: AwU^saws Pv^xu.’v*
R
accrued interest'. Total par value not exceeding - - — .|5,tKH.*AW j
shy sdftwi-ji she dhvescis bK-luviy V.uU:vw
Oftiy,
Issuable In partial exchange for old bond*
3.000.000
H Uuo New YyjtX. x.9vi l k\vU XL Xh.'xhuis* New VwA, VtWUxjttSi cf shy
To po sold to meet the cost of (orechvnue aivd reovgauUatiou,
VlyvXu'u H,*wvU vV xuU x slUxviyi yf shy Cljyuuwyu
sViy vV
Including the amouuta borrowed by the committee bu the
_ 400,000
improvement* Not expected to exceed
I wr disci iuxw*Sti*y«v Now*
$70
To remain in heasuty fm future requirement*, say. 1.6vH‘.vHH>
^properties, the fact that the period has been one of transition between
natural and artificial gas, and also to the attempt by some of the munici¬
palities, and even the State of Indiana, to fix a maximum price for arti¬
ficial gas which would not provide an adequate return upon the reasonable
........
-
.
.
S 72
‘THE
CHRONICLE
[VOL.
LXXX1V.
qjocrris and Ttocxtmcuts
NEW YORK CENTRAL &
HUDSON RIVER RAILROAD
COMPANY.
To the Stockholders
Railroad
of the New York Central
Company:
& Hudson River
Other Income.
c
j
|
.
as
*
Lines leased.
Lines operated tinder contract
Trackage rights
•
_
'
Total road operated
due to re-measurement and
change of align¬
ment at various
points on the system, new mine branches
built or existing branches
extended on the Beech Creek Rail¬
road and the construction of
additional mileage of the
Cherry
Tree Sc Dixonville Railroad.
A statement
showing in detail miles of road and track
operated will be found upon another
report.)
capital stock authorized
and
outstanding is
as
follows:
Authorized to December 31 1905
$150,000,000 00
Additional stock authorized by the
stock¬
holders on April 18 1906
100,000 000 00
Total amount authorized to Dec.
31 1906
Total amount Issued and
$250,000,000 00
outstanding to
December 31 1905
$132,250,000 00
Issued on March 31 1906,
being part of the
unissued balance of
$150,000,000 author¬
ized to December 31 1905
•.
was
28,984,900 00
Total amount Issued to
December 31 1906.
178,182,700 00
Balance authorized but not
Issued
was
not
$71,817,300 00
changed during the
year
1906
$230,414,845
00
There
were purchased
during the year 60,000 shares of the
capital stock of the Mohawk
Valley Company, 2,416.96
shares of the capital stock of the
Little Falls &
Dolgeville
Railroad
Company, 5,748 shares of the common capital stock
of the Boston Sc Maine
Railroad Company and 128 shares
of the capital stock of the
Merchants’ Despatch
Transpor¬
tation Company.
77
$8,214,519 58
9,501,170 38
2,924,593 68
1,011,557 18
2,616
160,641
24,043
3,532
04
43
89
51
dividends,
+$1,184,238
37
+$2,417,200
04
$8,223,557 08
9,508,499 37
2,726,021 48
1,143,438 14
—$9,037
50
2,413 24
136,470 39
36,216 93
+202 80
+24,171 04
—12,173 04
3,186 38
+346 13
+45,118 75
303,812 82
243,973
68
+59*839 14
266,666 50
109,094 56
+157,571 94
7,832,884
...
+$325,401 51
$8,875,848 17
50
$3,134,762 20
+$2,091,798
53
150,000
00
$8,725,848
17
+$2,241,798
53
6,612,500 00
+1,220,384
50
-
$2,113,348
From the surplus for the
year
there should be deducted—
Special Improvement fund for
17
—150,000 00
+$1,021,414 03
$3,134,762 20
new
equip. & betterments.
Sundry uncollectible charges &.$2,800,000
reductions in value of
«—7,328 99
+198,572 20
—131,880 96
109,631 25
four each
Surplus
00
assets
315,328 57
3,115,328 57
$19,433 63
Amount to credit of profit and loss
December 31.1905
14,612,120 03
Balance, December 31 1906
*
$14,631,553
66
1906, 5 M % on 1,491,978 shares:
1905, 5% on 1,322,500 shares.
The gross earnings were
$92,089,768 77,
an’increase of
$5,994,166 75 over the previous year.
The freight
earnings were $54,824,282 77, an increase of
$2,511,951 55. There was a heavy decrease
in coal tonnage,
due to a four months’ strike in
the bituminous fields and
the
subsequent inability to concentrate the scattered car
for coal movement.
supply
A large additional
tonnage of mer¬
chandise freight hauled,
however, gave a resulting increase
in the average rate
per ton per mile, while the
average num¬
ber of miles
each ton was carried shows
a decrease.
were $28,568,778 01, an increase
26.
This was due to the
Passenger earnings
of
$2,807,391
larger volume of both
long-haul local and commutation traffic.
The earnings from
express traffic and the
transportation
of mail were
$6,129,791 44, an increase of $549,505 10.
The expenses of
operation were $64,953,695 33, an in¬
crease of $4,985,666 42.
Maintenance of way and structures
increased $734,498 01,
$317,333 25 was in repairs of
roadway and $332,repairs and renewals of buildings, the balance of
The construction work in New
York City and
the increase being
vicinity in
generally distributed throughout the other
connection with the
change of motive power from steam to items of expense in this group.
electricity has progressed steadily. On
Maintenance of equipment increased
September 30 1906
the first train operated
$1,330,932 90, prin¬
by electricity made-a successful trial cipally on account of repairs.
Continued heavy charges for
trip from Highbridge to Grand Central Station. On
replacements
were
Decem¬
ber 11 1906
slightly in excess of those of previous year.
regular service by electric traction was
Conducting transportation increased $2,907,368
inaugu¬
rated, certain trains being thus
29.
With
operated between Grand the exception of a decrease in per diem and
Central Station and the
to
mileage,
due
at
temporary
terminal
and thence by steam
Highbridge larger collections from other roads for the use of this com¬
to Yonkers.
It is expected that full
pany’s
equipment, almost all of the items in this
operation by electricity, between Grand Central
group show
Station and increases, caused by the greater volume of business
the temporary terminals at
and the
general
Highbridge
and Wakefield, will
advance in the cost of
be accomplished
labor, material and fuel
early in 1907.
throughout the year.
The temporary station for
The net earnings werb
passenger
traffic
at
Lexington
Avenue and 43rd Street was
$25,827,812 94, an increase of
opened on December 13 1906.
$1,232,961 67.
Continued progress has been made at
First charges were
different points on
the line in the abolition of
$22,567,904 01, an increase of $325,401 51, the
grade
crossings,
revision
of
item being additional taxes on real
new
alignments, etc., and extensive improvements ingrades, estate. The principal
decrease in charges for taxes on
at important terminal
yards
capital stock
points on the system.
is due to the
adjustment of accruals in 1905 on account of
SUMMARY OF FINANCIAL
the
change of date in the close of the fiscal year in 1904.
OPERATIONS AFFECTING INCOME.
The profit from operation for
1906.
'
1905.
Increase (+) or
the year, after payment of
3,783.90 miles
of which
713 78 in
-
3,774.35 miles
Earnings from operation
operated.
operated.
Freight traffic-..
$54,824,282
77 $52,312,331 22
Passenger traffic
28,568,778 01
25,761,386
75
Express traffic
3,122,328 48
2,868,942 24
Transportation of mall
3,007,462 96
2,711,344 10
Rentals
2.315,885 47
2.179,555 24
Miscellaneous
sources.
Totals
251,031 08
.
Expenses of operation.
(70.53 %)
Main, of way &
structures.$10,718 599 16
Maintenance
of
equipment 14,569,057
Conducting transportation 37,267,589
General
expense's
2,398,449
44
10
63
Totals
$64,953,695 33
New construction
(addition)
betterments)
) 1,308,260 50
New equipment
(additions) J
Total expense's
Ne
earnings
262,042 47
...$92,089,768 77 $86,095,602 02
.$66,261.955
$25,827,812
83
94
(69.65%)
$9,984,101
13,238,124
34,360,220
2.385.582
$59,968,028
1,532,721
$61,500,750
+ 9.53
+ $2,511,951 55
+ 2,807,391 26
+ 253,386 24
+ 296,118 86
+ 136,330 23
+ 11,011 39
15
54
81
41
84
Extraordinary expenditures during
For additions
to
+
(0.88%)
+ $734,498
+ 1 ,330,932
+ 2,907.368
+ 12,867
01
90
29
22
$4,985,666
42
—224,461 34
1
$24,594,851 27
+$4,761,205 08
+$1,232,961
67
$9,100,293 90
7,561.802 75
roadway and
strengthening of bridges, etc., charged to currentstructures,
Income..
equipment, charged to operating ex¬
For replacements of
penses
For new equipment and
Improvement
fund
1,308,260 50
2,923,340 04
betterments, charged against special
1,669,476 04
Total
Details
75
betterments.
the year were as follows:
property, charged to cost of road and
equipment
For construction and
equipment of leased lines and Grand
Central terminal
Improvement, to be charged In part
against funds provided by lessor
companies
For additions and
Improvements to
+$5,994,166 75
+
91
five and one-quarter
per cent (534%) dividend upon
1,491,978 shares of capital
stock, was $3,134,762 20.
From this
sum there was
authorized a deduction of
$2,800,000 as a
special fund for new equipment and
Decrease (—)
*
arc
*
.$22,563,173 23
shown in pamphlet
report.
*
*
*
.
00
17
67
$22,567,904 01 $22,242,502 50
year.
+$754,820
+141,119
154,750 00
Balance available for
dlv<$10,967,646 70
’Cash
$6,523,499 40
.$33,535,550 71 $31,118,350
Net income
$10,967,646 70
Reserve for redemption of
4 % gold deben. of
1890
16,947,800 00
the
$100,000,000 authorized by the
stockholders on April 18 1906, the
Board
of Directors on
September 19 1906 ap¬
proved the Issue of $29,839,560,
which
offered to the
stockholders, at par.
In the proportion of
one share of new
stock to each live shares
owned.
The
new stock Is to
participate In all divi¬
dends declared after that
payable Janu¬
ary 15 1907.
There was Issued on this
account to December 31 1906.
Totals
(See pamphlet
page.
$7,707,737
,
There was no additional road
mileage acquired by lease or
otherwise during the year.
The net increase over 1905 of
9.55 miles was
The funded debt
and remains at
—28,691 59
672,572 00
notes and
RR. Commis’rs’ assessm’ts
Canadian provincial taxes.
Stf L. & A. Railway: In- ‘
terest, rentals, etc
Use joint facilities: lixed
Interest basis
Interest on loans, notes and
bills payable
Allegheny Valley & Pittsburgh Railroad. 90.51
also leased by this
miles, is
company, but Its mileage and
In this report.
Separate accounts are kept andoperations are not Included
independent reports pre¬
pared In its behalf.
Of
+317,990 79
897,856 63
Interest on loans,
sundry bills
Totals
The Dunkirk
The
1,329,934 77
869,165 04
1905.
on
Miles. '• Gross income.
806.69 !
First charges.
3.06
Interest on funded debt
2,620.55 j Rentals of leased lines
81.87
Taxes on real estate
27i,73
Taxes on capital stock
i
Taxes on bonded debt
3,783.90
Taxes on gross earnings
Proprietary lines
*
$3,623,136 00
follows:
Main line
Increase (+)or
Decrease (—)
1906.
Lake Shore &
Michigan South, stock.. $4,377,956 00
DIv. on Mich. Cent, stock.
812,691 17
Dividends and Interest on
other securities.
1,647,925 56
Dividend
The Board of Directors herewith
submits its report for
the year ended December 31
1906, with statement showing
the results for the
year and the financial condition of the
company.
The report covers the
operation of the system east of
Buffalo,
31 1906.
j
THIRTY-EIGHTH ANNUAL REPORT—FOR THE
YEAR ENDED DECEMBER
*
W. H.
*
*
*
*
NEWMAN, President.
Ape. 13
1907.]
THE CHRONICLE
873
SUMMARY OF FIRST CHARGES
Interest on funded debt
Rentals of leased lines
$8,214,510
9,501,170
154,750
4,126.984
303,812
266,666
Interest, dividend and rental of leased line, account of St. L. & A. Ry
Taxes
Use joint facilities, fixed interest basis
Interest on loans, notes and bills payable
Total first
58
38
00
73
82
50
charges
$22,567,004 01
DIVIDENDS.
Payable April
Payable July
Payable October
Payable January
15 1906 1 M % on 1,491,978 shares of capital stock
15 1906 1 Ji% “ 1,491,978
16 1906 134% “
16 1907 1 Lj% “
Total
1,491,978
1,491,978
$1,864,972
1,864,972
1,864,972
2,237,967
__U
“
“
50
50
50
00
5H %
$7,832,884 50
CONDENSED
GENERAL
BALANCE
SHEET
DECEMBER
31
ASSETS.
Cost of road and equipment—Cost of road...
Cost of equipment
LIABILITIES.
■
Capital stock—
i Capital stock
$152,933,107 31
56,504,918 16
Consolidation certificates
4,453,051
153,393
938,573
949,106
629,150
1,492,009
538,831
Rome Watertown & Ogdensburg RR_
Syracuse Geneva & Corning Ry
Pine Creek Ry
Beech Creek RR
Boston & Albany RR
Other leased lines
81
66
91
09
53
75
31
Bond and mortgage
payable
150,000 00
$408,747,545 00
Wages and supplies..
Loans and bills payable
$9,594,496
187,00 0
2,708,558
2,542,430
27,371
2.237,967
53,902
4,790
1.537,561
j Traffic balances payable
Interest and rentals accrued.
Interest unclaimed.
Dividend payable January 15 1907..
Dividends unclaimed
Bonds past due
Sundry accounts pay able..
154,411,052 78
2,256,363 36
$281,887 32
189,602 60
34
00
97
19
60
00
14
00
60
18.S94.077 84
471,489 92
7,098,763 32
Fuel and supplies
Current assets—
Cash charged Treasurer
Loans ami bills receivable
Traffic balances receivable
Sundry collectible accounts..
19,336,445 00
5,500,000 00
30,000,000 00
Total capitalization
Current liabilities—
$142,128,391 87
12,282,660 91
Other property—
Hudson River bridges at Albany
Advances other than construction—
New York & Putnam Railroad Co.
Other companies
$85,000,000 00
90,578,400 00
2 30,414.845 00
1
24,707,522 20
7,010,680 98
Grand Central terminal improvement
Securities (turned—
Stocks of sundry companies
Bonds of sundry companies
$178,182,700 00
Funded debt—
Gold mortgage bonds
Gold bonds, Lake Shore collateral
Gold bonds, Michigan Central collateral
Debentures of 1900.
Debentures of 1904
1,719,462 42
West Shore RR
4,900 00
.
equipment—$13,833,942 72
Spuyten Duyvll & Port Morris RR
..$178,177,800 00
1
$209,438,025 47
Advances for leased lines construction and
New York & Harlem RR
Items in suspense
Securities acquired from
1906.
A ccounts with lessor companies—
Boston & Albany Railroad Co
Fall Brook Railway Co
Wallkill Valley Railroad Co
r‘.
$6,993,638 55
16,735,918 13
7,729,634 04
6,305,920 88
$1,257,208 55
675,615 30
59,349 37
25,402 44
.
Carthage & Adirondack Railway Co
2,017.575 66
2,353,474 06
3,036,813 00
Special improvement fund
37,765,111 62 !
3,485,216 57
3,036,813 00
lessor companies (jxr contra)
-
Securities held in trust for lessor companies (per contra)
rrofit and loss...
14,631,553 66
$449,681,039 22
$449,681,039 22
CAPITAL STOCK.
Number of shares issued
Consolidation certificates not yet converted
1,781,778 Total par value Issued and outstanding.
49 Consolidation certificates outstanding.
$178,177,800 00
4,900 00
Total number of shares outstanding
Number of shares authorized
Par value per share
Amount of capital stock per mile
1,781,827 Total par value outstanding.
2,500,000 Total par value authorized..
$100 00
$178,182,700 00
$250,000,000 00
_.
of road owned (806.69 miles), $220,881 26.
FUNDED
Date
Class of bond—
Date
of
Gold mortgage
Gold bonds, Lake Shore collateral
Gold bonds, Michigan Central collateral
issue.
1897
1898
1898
Debenture bonds of 1900
Gold debentures
1900
1904
of
maturity.
July
1 1997
Feb.
Feb.
1
1
DEBT.
Amount of
Amount
authorized issue.
now
1998
$100,000,000
100,000,000
1998
21,550,000
July 1 2000
May 1 1934
5,500,000
50,000,000
Total amount of funded debt..
Amount per
Products of Agriculture—
Grain
Flour
Other mill products
Hay
Tobacco
Cotton
Fruit and vegetables
Other articles
..
Tons.
Tons.
Increase (+) or
Tons of
Decrease (—). !
Tons.
i Tons of
1906.
Tons.
1905.
Tons.
2,470,501
951,266
1,150,604
484,375
17,323
119,136
701,228
174.963
2,556,801
989,346
936,070
475,550
24,440
130,197
784,711
192,717
—86,300
—38,080
+ 214,534
+ 8,825
—7,117
11,061
—83,483
17,754
—
—
863,325
365,147
361,061
88,114
64,982
140,350
Dairy products
184,790
84,494
Other articles
Products of Mines—
Anthracite coal
Bituminous coal
Coke
Ores
285,66a
4,609,021
9,314,250
Other articles
688,916
1.024,919
1,812,751
262,896
Products of Forest—
Lumber
Other articles.
2,008,000
1,118,363
2,208,192
1,022,583
412,373
439,055
91,852
701,868
186,135
1,200,689
921,294
1,600,565
467,802
437,984
102,770
676,431
225,288
1,089,577
799.122
1,504,897
128,218
138,168
.
Stone, sand and other like articles
Manufactures—
Petroleum and other oils
—
stores
Iron—pig and bloom.
Iron and steel rails
Other castings and machinery.
Bar and sheet metal
Cement, brick anil lime
Agricultural Implements
Wagons, carriages, tools. &e
Wines, liquors and beers
Household goods and furniture.
Other articles
Miscellaneous—
Commodities
not
148,861
+ 18,551
844,774
333,759
372.589
93,885
62,847
141,804
244,538
204,001
110,222
4,989,609
10,585,577
670,066
1,094,401
1,510,382
271,107
Sugar
1
I
January and July
February and August
February and August
January and July
May and November
114,757
287.108
135,192
5,512,710
163.648
3,852,425
2.471.655
2,150,880
43.570.552
42,861,974
274.590
1906.
freight earning
1905.
company’s freight
43,570,552
6.831 ,461
42,861,974
6,421,084
Total number of tons carried.
50,402,013
49,283,058
revenue
Increase (+) or
Decrease (—)
+
708,578
+ 410,377
+1,118,955
j
Tons of revenue freight carried
;
one mile
8,426.361,212
! Tons
of company’s freight car¬
j
ried one mile
1,166,735,806
1
j
Live stock
Dressed meats
Other packing house products.
Poultry, game and fish.
Wool
Hides and leather
Milk
I...
Payable on th$
first day of
3^%
3!^%
3 H %
3 4%
4%
FREIGHT CARRIED AND TON MILEAGE.
Products of Animals —
Total
Bate of
interest.
mile of road owned (806.69 miles), excluding Lake Shore and Michigan Central collateral bonds and debentures of 1900, $149,375 84.
Tons.
mentioned
&
$230,414,845 00
DESCRIPTION OF FREIGHT MOVED.
Naval
issued
outstanding.
$85,000,000 00
90,578,400 00
19,336,445 00
5,500,000 00
30,000,000 00
Total number of tons carried
one mile....
9.593.097,018
8,421,437.108
1,269.096.080
4,924,104
+
—
102,360,274
,
9.690.533.188
|
—97,436.170
PASSENGERS CARRIED AND TICKET MILEAGE.
31,388
11,528 1 Interline passengers
+ 124,508
2.916.92S
2.792,420
—5.771
Local passengers
-.
30,860,323
29,587.802
+ 1,272,521
+ 2,135
Commutation passengers
+ 808,708
13,935,533
13.126,825
1,454 |
+ 41.125
Total number of pass, carried..
47.712,784
45,507.047
+2,205,737
19,211
Passengers carried one mile
1,621,254,487 1,463,889,939 +157,364.548
—25,728
TRAIN MILEAGE.
+
—
—
—
Freight trains
380,588 ! Passenger trains (excluding mall
and express trains)
Mall and express trains
—69,482 ! Mixed trains
+ 302,369
Work trains
—8.211 :
—
—
1 ,271,327’
+ 18,850 1
20,669,572
20,880,915
—211,343
23,336,395
1,041,030
232,817
1 934,121
22,432,135
+904,260
+63,552
—9,831
+271,777
977,478
242,64 S
1.662,344
Total train mileage.
47,213,935
46,193,520
—200.192 |
ENGINE MILEAGE.
+ 95,780
Freight engines
24,658.352
25.183.881
Passenger engines....
27,007,080
26,133.012
Switching engines
14,461,570
—55,429
13,742.616
Work engines
+ 1.071
2.073,263
1.761 281
10,918 1
Total engine mileage
+ 25,437
68,200.265
66.840.790
—39,153
CAR MILEAGE.
+ 111,112
Loaded freight cars
517.983,096
504,902, ISO
+ 122,172
+ 95,668 j Empty freight cars (Including
caboose cars)
248,997,688
267.216,037
+ 20,643 !
—23,411 1
766,980,784
772.118,226
+ 12,518
145,764,418
137,956.383
—28,456 i
Work ears.
7,049.419
8.031,591
+ 1.660,285 |
•
-
+1,018,415
—525,529
+ 854,068
+ 718,954
+ 311.982
—
1,359.475
+13,080,907
18,218,349
—5,137,442
+ 7,808,035
+ 982.172
920.776.793
917,124,02S
4 3,652,765
3,768.72
3,759.17
+ 9.55
3,505.05
3.471.49
433.56
previously
+ 320.769
| Miles of road. Including track¬
age. operated In fr’t service..
+ 708.578 ; Miles of road, Including trackage
operated In passenger service
*74
THE CHRONICLE
FREIGHT RESULTS.
Inc. (+) or
1906.
1905.
Dec. (—).
Ea,mings from transportation $54,077,047 90 $51,610,537 91 +$2,466,509 99
Earnings from miscellaneous
“sources
747,234 87
701,793 31
+45,441 56
Total freight earnings
$54,824,282 77
Earnings per ton
$1 24
Earnings per ton per mile
cts. 0.642
Earnings per train mile.
$2.59
Earnings per mile of road oper¬
ated In freight service, track¬
age Included.
$14,547 19
Density of freight traffic (i. e.,
tons
carried one mile per
mile of road)
2,545,452
Average number of tons of rev¬
$52,312,331 22 +$2,511,951 55
$1.20
+ $0.04
+ CtS. 0.029
+ $0.15
Cts. 0.613
$2.44
$13,915 93
+ $631 26
2,577,839
—32,387
399
+4
freight (Including company's)
carried per train mile
Average number of revenue
tons per loaded ear mile
Average number of all tons per
loaded
car
459
mile
Average number of miles
Total locomotives In service
Cost of fuel per ton
Cost of fuel per engine mile
-
459
16
17
19
19
190
197
37
37
25
24
*+“ 1
12
13
—1
1
—
Average number of freight cars
per train mile
Average number of loaded cars
per train mile
Average number of empty cars
per train mile.
—7
PASSENGER RESULTS.
Earnings from passengers
$27,801,006 50 $25,046,848 01
Other passenger train earnings
Earnings from miscellaneous
sources
+
341,219 02
319,802 07
426,552 49
394 736 67
Total passenger earnlngs__$28,568,778 01
$25,761,386 75 $
Earnings from mail and cxpress$6,129,791 44 $5,580,286 34
Earnings per passenger
$0.58
$0.55
Earnings per passenger per mile
Cts. 1.715
Cts. 1.711
Earnings per train mile
$1.19
$1.12
Earnings per train mile (Ineluding mall and express)
$1.39
$1 .31
Earnings per mile of road op¬
erated in passenger service,
_
.
$2,754,158 49
$9,899 59
$9,028 31
Cars in Freight Service—
Box cars
Flat cars, common
Flat cars, steel
942
192
201
88
23
19
502
17
179
+
31,815 82
Caboose
+2,807,391 26
+$549,505 10
Total
+ $0.03
+ CtS.O .004
+ $0.07
89,800
1.086c.
0.967c.
38,336
3,578
37,429
3,778
r_
256
1,032
24,141
1,089
402,548
421,689
+ 40,859
5.9
5.8
+ 0.1
69
65
+4
34
32
+2
SIXTY-FIRST ANNUAL
2,192,405
2,000,017
mile
32.13
30.96
11,104
11,804
0.541c.
0.448c.
667
767
45
47
21
Total
Marine Equipment—
Total floating equipment
Total value of fleet
THE
To the Stockholders oj The Michigan Central Railroad
Company:
The Board of Directors herewith submits its
report for
the year ended Dec. 31 1900, with statements
showing the
results for the year and the financial condition of the com¬
pany.
The report covers the operation of the
trackage rights
Total road operated
l ,795
1,608
3,220
3,098
235
223
$1,995,593^29
COMPANY.
YEAR ENDED DECEMBER .31 1900.
Total cost of road and equipment to Dec. 31
1,117.34
14.00
'I'hls represents per mile owned
$35,363,838 08
gold
150,580 99
...
1906
$35,213,257 09
'(270.07 miles) $130,386.
Terminal Railroad, Chicago (Indiana Harbor
Line)',
struction account was Increased
1,745.34
The capital stock authorized and Issued to December 31
1906
was
659
§2 ,215.846 88
Cost of road and equipment on Dec. 31 1905 was
Less—Premium received' on Michigan Central 3
U%
bonds of 1952, credited to construction account.
270.07 miles.
343.93
Proprietary lines
19
690
On Sept. 25 1906 Articles' of Association of the St.
Clair &
.Western Railmad Co.,
succeeding the Michigan Midland tSc
Canada Railroad Co., a
proprietary line of the Canada South¬
ern
Railway Co., were filed'.
following mileage:
Main line
895
812
65,410
Derrick cars
Steam wrecking cranes.
Cinder, push, gas and oil transport cars
Other road cars
REPORT—FOR
21,151
69,070
Cars in Company’s Service—
Ballast cars'
+ $S71 28
63,780
886
841
capacity of freight cars (tons)
Average capacity of freight cars (tons)
Average mileage of freight cars (miles)
Cost of repairs (excluding renewals) per
freight
car
2,163
256
cars
Total
+ $0.08
2,243
93,840
66,620
Stock cars
Coal and coke cars
Refrigerator and produce cars
21,416 95
MICHIGAN CENTRAL RAILROAD
con¬
$98,260 43
...
$18,738,000
SUMMARY
The funded debt outstanding on Dec. 31 1905 v as
$25,295,000
It lias been decreased during the year ended Dec. 31 1906 as
follows:
Michigan Central—Jackson Lansing & Saginaw 3
% gold
bonds of 1951, purchased and canceled by the trustees of the
Land Grant Fund of the Jackson Lansing <5t
Saginaw RR. Co.
30.000
Total funded debt Dec. 31 1906
j
\
I
company agrees to pay
l
!
1
possession of the Canada Southern Co. The interest on the
j
balance of the outstanding $1,600,000
of bonds is paid by
this company.
Under the terms of the lease, in considera¬ !
tion of this company's
guaranteeing both principal and inter¬
est of the $4,500,000 bond
issue, the Canada Southern Co.
is to deliver to the Michigan Central Co. on March 1 1913
the $1,500,000 bonds held by that
company and the entire i
capital stock of the Toledo Canada Southern & Detroit
On Dec. 27 1906 this company
acquired a majority of the
capital stock of the Chicago Kalamazoo & Saginaw Railway
Co., the road of which extends from Pavilion, Mich., to
Woodbury, Mich., a distance of 55.30 miles, passing through
the
city of Kalamazoo.
On
April 9 1906 this
company acquired 30,000 shares of
stock, and on Sept. 26 1906 purchased $3,000,4% first mortgage bonds of the Chicago Indiana A
common
Southern Railroad Co.
operated,
.
5,225,528
973,285
453,557
72,562
303,453
Gross Income.
..
Total
Balance available for dlv’d
Cash dividends
rin
1906,
In 1905, 4 %)......
Surplus
...
The gross
—47,700 14
+ 12,159 11
+ $2,991,719 89
( + 1.67 %)
03
33
64
99
$3,418,740 27
+ $70,448 76
+ 1,155,651 36
+ 1,622,906 24
+ 15,341 20
4,386,926 97
10,518,814 40
541,434 79
56
$4,417,951 81
315,812 16
+
$127,372
+ 86,101
33
60
99
$4,733,763 07
+
$213,564
02
$2,073,850 55
566,310 00
1 ,001,740 70
$2,015,320 29
+ $58,530 26
561 ,202 47
962.002 50
+ 39,738 20
31.7,599 22
221 ,784 90
+ 05,814 23
$3,059,500 47
$3,760,310 25
+ $190,190 22
$087,827 52
$973,453 72
+ $14,373 80
936,900 00
749.520 00
$50,927 52
$223,033 72
7,327
+
+
5,107 53
+ 187,380 00
—$173,000
20
$50,027 52
Iobs, In
97,877 43
8,864,156 94
1906
$9,012,961 89
earnings
over
76
—71 ,870 19
+ 1,036 68
$23,283,868 24
(81.03%)
To the surplus for the year.
There should be added —
Net amount transferred to the credit of
prollt and
adjustment of sundry accounts
Amount to credit of Prollt and Loss Dec. 31 1905.
Balance Dec. 31
+703,345
$2,864,347
$4,94
..
$2,991,719 89
26
19
56
50
84
13
$4,545,324 14
402,003 85
First Charges.
Interest on funded debt
Rentals of leased lines
Taxes
Interest on loans, notes and
bills payable
INCOME.
1905.
Increase ( + )
1,745.32 miles
or
operated.
Decrease (- —)
$16,255,480 89 + $2,394.74S 67
$21,730,263 99 $18,865,916 43
Net earnings
Other Income
5%;
AFFECTING
1906.
1,745.34 miles
Total
$26,275,588
Expenses of Operation.
(82.70%)
Maintenance of way and
structures
$3,489,189
Maintenance of equipment.
5,542,578
Conducting transportation. 12,141,720
Generul expenses
556,775
Total expenses
i
OPERATIONS
From freight traffic
$18,650,229 56
From passenger traffic
5,928,874 02
From express traffic
901,415 00
From transport’ll of malls.
454,594 24
24,862 36
From rentals
From miscellaneous sources
315,612 95
-..
000
Railway Co.
FINANCIAL
Earnings from Operation—
$25,265,000 j
the principal and interest on #4,500,4% first mortgage bonds as they may be issued in accor¬
dance with its provisions.
The date of maturity of these
bonds is fifty years from Jan. 1 1906 and the amount now
outstanding is $3,100,000.
Of this amount $1,500,000 is
held by the Canada Southern Railway Co. in accordance with
the terms of the lease, and will not draw interest while in the
OF
j
On Jan. 2 1900 this company leased direct the
property
of the Toledo Canada Southern & Detroit
Railway Co., one
of the railroads of the Canada Southern
Railway System,
included in the agreement of Aug. 1.5 1903, for the
period of
its corporate existence.
Under the terms of the lease this
-
_
$1 53
943
55
182
204
77
23
20
531
17
191
.
.
000
9.169c.
Totals
Total seating capacity of revenue
passenger cars
Average mileage per passenger car (miles)
Cost of repairs (excluding renewals)
per passen¬
ger car mile
+
trackage Included (Including
mall and express)
of passenger traffic
(l. e., passengers carried one
mile per mile of road)
Average number of passenger
cars per train mile..
Average number of passengers
per train mile.
Average number of miles one
passenger carried
Density
the
31 70
10.398c.
cars
Buffet and cafe cars
Mall, express and baggage cars
Officers’ and pay cars
Other cars In passenger serv ice
1,934
one
ton carried.
Lines leased
Lines operated under
338
18
34,561
cars
excursion
1,022
5.945c.
cars
Immigrant and
Diningcars
556
6.101c.
cars
Combination
1905.
33,399
Cars in Passenger Service—
Passenger coaches
Smoking
LINES).
2,075
Average mileage per engine (miles)
Cost of repairs (excluding renewals)
per engine
Electric motor
403
LXXXIV.
EQUIPMENT (INCLUDING EQUIPMENT OF LEASED
Locomotives—
1906.
For passenger service
614
Electric locomotives
33
For freight service
l ,059
For switching service
351
Dummy engines, &c
18
mile
enue-earning freight carried
per train mile
Average number of tons of all
[VOL.
were
$26,275,588 13,
the previous year.
an
increase of
Apr. 13
875
THE CHRONICLE.
1907.]
4
freight earnings were 518,650,229 56, an increase of
52,394,748 67. This was due to an increased movement in
nearljr all commodities and in the average distance of each
ton
Payable July 28 1906, 2 % on 187,380 shares of capital
Payable Jan. 29 1907, 3 % on 187,380 shares of capital
earnings
were
55,928,874 02, an increase of
in both local and inter¬
$936,900 00
CONDENSED GEN ERAL BALANCE .SHEET
5703,345 76, due to a general increase
line business.
stock..$374,760 00
stock.. 562.140 00
5
Total
carried.
The passenger
DIVIDENDS.
.
The
DECEMBER 31 1906.
ASSETS.
Cost of road and equipment—
Michigan Central Railroad—Main line
Michigan Air Line Railroad
Grand River Valley Railroad
Jackson Lansing & Saginaw Railroad
Kalamazoo & South Haven Railroad
Detroit & Bay City Railroad
Bay City & Battle Creek Railroad
Battle Creek & Sturgis Railroad
Terminal Railroad, Chicago..
of $71,-
The express earnings were 5901,415, a decrease
870 19.
The expenses of operation were 521,730,263 99, an increase
of 52,864,347 56.
Maintenance of way and structures showed an increase of
570,448 76.
equipment increased 51,155,651 36, due to
renewal charges on account of cars and locomotives.
Conducting transportation increased 51,622,906 24.
The principal fluctuations were as follows:
“Fuel for locomotives,” increase 5349,063 08.
“Rents for tracks, yards and terminals,” increase 5286,Maintenance of
Total cost of road and
2.501,715
2,599,921
815,610
4,168,297
330 59
mileage and per diem” increase 5203,067 12.
“Engine and round-house men,” increase 5158,573 14.
“Station service,” increase 5149,240 75.
“Train service,” increase 5114,471 13.
“Switchmen, flagmen and watchmen,” increase $105,-
“Car
14,216,143 27
823,443 17
$49,429,400 36
equipment
$7,479,362 49
3,353,976 00
10,833,338 49
308,557 18
2,119,735 28
used in operation of the road
Real estate, etc., not
Fuel and supplies
157 32.
87
64
24
78
7,171 75
Securities ou-ned—
Stock In sundry companies
Bonds of sundry companies
Other property—
$35,213,257 09
.$3,299,652 23
c_
Current assets—
Cash charged Treasurer and Local Treasurer.
Loans and bills receivable
Traffic balances receivable
Sundry collectible accounts
$578,652 96
354,959 62
2,913,749 07
5,108,037 92
1,260,676 27
$67,799,069 23
025 96.
The net earnings were 54,545,324 14, an increase of
5127 372 33.
Other income was 5402,003 85, an increase of 586,191 69,
due to increased revenue from securities and interest on
advances.
First charges, 53,959,500 47, increased 5199.190 22, the
LIABILITIES.
Funded debt—
$14,000,000 00
Michigan Central 3 M% bonds of 1952
Michigan Air Line 4% bonds of 1940
2,600,000 00
Grand River Valley 6% bonds of 1909
1,500,000 00
Detroit & Bay City 5% bonds of 1931
4,000,000 00
Kalamazoo & So. Haven 5 % bonds of 1939.
700,000 00
Terminal Railroad 4% bonds of 1941
725,000 00
Jackson Lansing & Sag. 3
bonds of 1951
1,740,000 00
issued and
principal items being interest on additional bonds
interest on loans.
The profit from
Loans and bills payable
Traffic balances payable
Interest and rentals accrued
Interest unclaimed
Dividend payable Jan. 29 1907
Dividends unclaimed
Sundry accounts payable
NEWMAN, President.
CHARGES.
Interest on this company’s bonds
Interest on leased line bonds
Rentals of leased lines
Taxes on real estate and property (Including
Interest on loans, notes and bills payable
Total first
charges
$1,009,409 44
leased lines)
1,001,740 70
317,599 22
CAPITAL
share
Amount of
562,140 00
5,257 00
12,622,228 80
3,820,005 29
254,238 43
1,906,640 11
9,012.961 89
Profit and loss
$67,799,069 23
$3,959,500 47
—
STOCK.
.$18,738,000 0
18.738,000 0
187,380! Total par value Issued and outstanding..
Number of shares Issued and outstanding
Number of shares authorized
Par value per
362,596 57
286,272 50
Accounts with lessor companies—
Canada Southern Railway Co
Items in suspense
1,064,441 11
566,310 00
_.
$44,003,000 00
$862,608 85
6,250,000 00
473,348 59
Wages
*******
FIRST
25,265,000 00
Total capitalization
Current liabilities—
operation for the year, after payment of
5% in dividends upon the capital stock, was $50,927 52,
which has been carried to the-credit of Income Account.
W. H.
$18,738,000 00
Capital stock
187,380j Total
$100
^
par
oo!
value authorized
.
capital stock per mile of road owned (270.07 miles). $69,382 00.
FUNDED
Issue.
1902
1879
Sept. 1
Sept. 1
1
Meh
Nov. 1
Jan. 1
July l
Sept. 1
1886
1881
1889
1890
Grand River Valley first mortgage.
Detroit & Bay City first mortgage...
Kalamazoo & South Haven first mortgage
1896
1901
Amount issued
and now
Outstanding.
Amount of
Authorized
Date of
Maturity.
May 1 1952
Date of
Class of Bond.
DEBT.
Issue.
$14,000,000
500,000
1,000.000
4,000,000
700,000
2,600,000
725,000
1.740,000
$18,000,000
500,000
1909
1909
1.000,000
1931
1939
4,000,000
700.000
2,600,000
1.500.000
•2,000,000
1940
1941
1951
Hate of
Interest.
3 *-»%
6 %
Payable on the First Days of
May and November.
March and September.
6%
March and
5 "5
Meh.. June, Sept, and Dec.
May and November.
January and July.
January and July.
5%
4 %
4 V
3 U %
March and
1906.
1905.
September.
September.
..$25,265,000
'$260,000 purchased and retired by the Land
AMOUNT OF FUNDED DEBT PER
Grant Trustees.
MILE OF ROAD.
Products of Mines
Anthracite coal
Bituminous coal
Coke
Amount
Hoad
Funded
Debt.
—
...
$25,265,000
FREIGHT
Miles.
270.07
83.79
175.73
39.50
$14,000,000
1 ,500,000
4,000,000
700,000
2,600,000
725,000
1.740.000
Grand River Valley Railroad
"Detroit & Bay City Railroad
Kalamazoo & South Haven Railroad..
Michigan Air Line Railroad
Terminal Railroad
Jackson Lansing & Saginaw Railroad..
379.23
47,262
4,588
1.078.82
$23,419
1905.
Tons of freight earning revenue
Tons of company freight
15,810,491
1,797,461
14,159.886
2.115,593
carried.
17,613,952
16.275.479
Increase (+ ) or
Decrease. (—)
2,910.834,923 2,585,063,611
Tons of company
freight carried
Total number tons
17.722
22 ,r>77
carried
1
134,069.726
162,912.243
4-1,656,605
318,132
Manufactures—
Sugar
Iron. pig and bloom
1 Iron and steel rails
-f-1,338,47 3
+
325.771.312
—28.842,517
Bar and sheet metal.
Cement, buck and lime
1.
.
Agricultural Implements.
Wagons, carriages, tools, etc..
Wines, liquors and beers
] Household goods and furniture.
j
Other articles
j
j
Miscellaneous—
Other commodities not
—8,999
1 13.186
—3,954
1
■
109,232
96,057
168,991
33.035
700.866
324.846
365,196
82.235
113.223
38.651
44,972
143.032
15.534
682.429
264.888
367.933
70.798
95.951
37.088
44.051
1,582.178
1,029,627
13.816.491
—
921.430
+
17.501
+ 18.437
+ 59,958
—2.737
+
11.457
+17.272
+
1.563
+ 921
1,187,725
■
2.120
25.959
+
93.937
1.483.447
.....
.
1.111.512
prevl-
ously mentioned
Total
3,044,904,619 2.747.975,854
.
_
I Other castings and machinery.
—
1.008,787
1.102,513
1.559,067
! Petroleum and other oils..
,
197.045
2.760.819
169.334
38,546
Lumber
Other articles
Increase ( +) o
Decrease «.—)
108.601
+ 67.426
+ 13,300
+ 3,839
+ 395.833
—379
1.068.688
2.693.393
156.034
34,707
1.163.234
197.424
960,087
....
Stone.sand & other like articles
Other articles
Products of Forest —
22,762
11 5.1 6
15.34
..
Ores
17,902
CARRIED AND TON MILEAGE.
1906.
Total number of tons
Mile
of Road.
$51 ,838
per
—
+
14,159,886
+
552.551
+
295.722
1.636,605
+ 296.928.795
PASSENGERS CARRIED AND T 1CKET MILE AGE.
*
OF FREIGHT MOVED.
Inter line passengers
.....
Local passengers. .
Commutation passengers
874.365
684.869
3.350.675
3,083.326
1 ncrea.se ( + *
Decrease (—)
+ 189.496
+ 267.349
254.133
135,671
+ 98.462
Total number of pass, carried
Passengers carried one m'le
4,479.173
277.360.478
3.923.868
249.329.847
1906.
j
1905.
or
Products of Aqriculturc—
Grain
Flour
Other mill products
Hay
Tobacco.
Cotton
Fruit and vegetables
Other articles
Products of Animals—
Live stock
Dressed meats
j
Other packing house products.
Poultry, game and fish
...
Wool.
Hides and leather.
Dairy products..
Other articles
1,081.075
1.019,591
+ 61,484
188,155
188,251
137,579
13.040
3,106
+ 45,843
+ 55,790
34.71 1
190.899
191.261
142.408
81 .789
13.676
23. HU
205.308
239.213
165,798
361.454
208,367
106,697
22.804
7.214
33,451
374,027
50.184
214.546
124.839
19.532
7,483
30,651
4tS,l)7 J
14,250
4,243
—
—636
.550
14,409
+ 1 l
—
+
—
73,415
12,573
—6,179
18.142
+ 3.272
—
—
269
+ 2.800
+ 1.212
+10,007
TRAIN
Freight trains
Passenger trains, exclusive of
straight mall A- express trains
Mall A express trains exclusive.
.....
Mixed trains
Work trains
...
Total train mileage
..
..
.
.
+ 533,307
+
28.030.631
MILEAGE.
6.624,353
6.033.214
5.857.033
3.423.398
274.569
1 l ,280
303.055
274.871
153.088
13.073.795
13,141.006
232.433
+
589.644
433.635
—302
—143.808
+ 55.620
+
+
934.789
^6
THE CHRONICLE.
ENGINE MILEAGE.
Freight engines.
Passenger engines
8,478,471
6,271,141
5,109,247
723,585
4,552,963
692,246
20,582.444
19,063,525
Switching engines
Work engines
Total engine mileage
7.846,689
+ 631,782
5,971 627
on
+ 299,514
+ 556,284
+ 31,339
+
ears
Empty freight ears
caboose cars)
Total freight ears..
Passenger
Work
ears
•_
cars
Total
car
165,381,853
68,061,609
69,720,167
—1,658,558
248.669.847
36.546,185
5,925,115
235,102,020
34,051.649
+ 13,567,827
+ 2,494,536
+ 2,329,738
mileage..
291.141,147
272,749,046
1.745.34
1,745.32
+ .02
1.699.65
1.699.63
+ .02
Miles of road. Including track¬
age, oper. In freight service
Miles of road,
Including track¬
age, oper. in passenger serv..
+
3,595,377
1906.
Earnings from transporta¬
$18,287,092
ous sources.
Earnings
Earnings
Earnings
Earnings
83
.:SI8.650,229 56
$15,899,834
59
+
circular, dated April 11 and signed by President
Sidney
Mitchell and Sec.-Treas.
Hyatt Cox, refers to the amicable
transfer of the control to the
Chicago interests and their
plan for financing the company’s
requirements by the sale
of general
mortgage 6% bonds, and adds:
$16,255,480
Mr. Barber has turned over to
the company a large
portion of the treasury
bonds which he held as
security against his endorsements and loans
to the
company.
Our company has now in its
treasury
$914,000
general mort¬
gage bonds.
These we offer to you at 80 and
interest
to
provide
capital.
We found the company Indebted
working
to Mr. Barber to the
$460,000.
This accommodation Mr- Barber
of
has consented toamoynt
for a reasonable time
continue
pending the
(The balance sheet of Feb. 23 sale of the bonds.
1907 show's liabilities as
and
follows:
Bonds
mortgages, $4,110,900, Including $914,000
general 6% bonds In
treasure: accounts and bills
payable, $840,509, this last
cash, $31,575; accounts and bills
being offset by
receivable, $458,583, and
and supplies,
$384,282.—Ed.)-—V. 84, p. 453, 512/ 630,808. merchandise
$2,387,258 24
355,646 30
+ 7,490 43
89
+
$2,394,748
6 7
$1.16
0.628 cts.
$2.76
$1 .12
0.615 cts.
$2.57
+ $0.04
+ 0.013 cts.
+ $0.19
freight service
traffic
(f. e.. tons carried one
m’.le per mile of road)..
Average number of tons of
$10,685 73
$9,313 75
+ $1,371
.
trackage included, oper¬
ated in
Density of freight
1 ,574,483
+ 170,108
439
418
+ 21
459
444
+ 13
16
16
17
17
173
169
+4
*>y no
26.72
+ .50
Average number
of revenue
tons per loaded car mile.
Average number of all tons
per loaded car mile
Average number ol miles
one ton carried
Average number of loaded
cars per train mile
Average number of empty
ears per train mile
Average number of freight
cars per train mil*-.
10.26
11.26
37.48
37.98
PASSENGER
gers
Other passenger train
I
$5,135,164
earri-
n gs
94.216 19
8.775 70
From miscellaneous sources
from
mail
mile
$1
.
Earnings per train mile....
Earnings per train mile, In
eluding mail and express
Earnings per mile of road
in
$690,717 2 2
+ 11 .540,64
+ 1 .087 90
$5,225,528 26
.356,009 24
per passenger
per passenger per
operated
+
+
$703,345
76
and
express
Earnings
Earnings
or
Decrease (—).
82.675 55
7,687 80
Total passenger
earnings $5,928,874 02
Earnings
.50
—
91
$1.30
$1 ,426,842 75
$1.31
—$70,833 51
—$0.01
2.10 cts.
$1 .01
2.06 cts.
$0.94
+ 0.04 cts.
+ $0.07
$1.18
$1.14
+ $0.04
passenger
service, trackage Includ
ed 'including mail and
express!
Density of passenger traffic
(1. €.. passengers carried
one mile
per in ilc of roadi
Average number of passa¬
ge r cars p^r train mile..
Average mimbrr of pass .-n
eers per train m he
Average number of mil«-s
one passenger
carried.
$4,286 11
53,914 01
103.187
140,097
5.95
5.82
47
45
02
04
.
EQUIPMENT 'INCLUDING EQUIPMENT
I.ocomotlri
s
,
.
.
•
Pass mgcr roach*
s
cars
ca’s
Passmger
1905.
134
242
136
523
512
106
112
30
31
99
.
.
18
31
7!)
17
15
14
10
127
1 12
6
0
3
6
W
.
B ur?et and eaP-
cars
cats
.
ears
.
Mali, express and baggage
Ofliccrs' and pay < ais
Other
LINKS.!
1906.
142
243
138
.
Combination cars
I mm iterant and
ex'Uislon
...
.
.
.
cats
in passen **r service
cars, joint S'*i\lce (M. C.
proportion*
.
Totals
Cars in Fr: la‘.(
.vrorc
443
391
i 1 ,92!)
1 0,724
2 110
9 5
852
1 ,693
Boxcais
Fiat cart, coo n.on
Flat » ats st«-< ]
Slock
....
Refrigerate** and p.od.jr-e
OatuKis" < a.'b
O.l
t >
95
818
cii's
aus{iof t
.
.
.
.
.
.
.
cars
ca • .
Totals
Total capacity of ?
cars 'tons;
A' erage capacity <>! f eQi.-t <ais
(lonsi
Average m leajte of freight cars, on 1*-S'
.
< ors
repairs te*.rinding t«-n»walh)
in <J*j*npah-/s + mo
Ij *.a la-b cat
ca; s
I >en1«*k can,
Ste«m wrecking
Cinder and push
<>ther road cars
p -i lit
594
60]
28!)
28.5
34
18.88!)
686,895
.
Lost of
2,512
36
.
■iglit
car mile
31.55
13,1 65
0.450c.
180
'".atu.s
< ats
4
4
1 6,394
70.745
29.78
14 .34 1
0.344*'.
1 87
4
*;
J!)
12
483
+ 17
Totals
*. la rim
J)f t,‘.jrt
tu nl
692
5 fi
»
4
4
Company of
the stock and
following changes
partner and Stock
Exchange member, on May 1st becomes an active
partner
in the firm of
Harris, Winthrop A Co. Mr. R. G. Elsten,
Manager New York office, goes with Mr. McClellan to the
new firm.
Mr. J. (). Hinkley,
Manager of the Stock Depart¬
ment of Farwell &
Co., and Mr. J. K. Witzel, long associated
with the house, both assume
important positions in the
Chicago office of Harris, Winthrop A Co.
—A. E. Ames A
Co., Toronto, have issued a booklet of
72 pages entitled “Canadian
Bank Shares as Investments.”
There are 35 banking institutions in
the Dominion
business
at
over
1,700
doing
branches, each branch being under
the direction of the head
office.
each analyzed at
These 35 institutions
are
length in the booklet, showing their
growth
during the past ten years. There is much
other interesting
data on the
subject of Canadian banks.
—The banking house of
Francke, Thompson A Robb at
43 Exchange Place and in the
Bristol Building, Fifth Avenue
and 42d Street, is
particularly
well equipped to quote and
deal in Cuban securities.
T his concern now makes
a
specialty
of all Cuban securities and is in
a position at the
present time
to
Daniel
F. Downs is tin*
—The firm of Bond A
McCauley, (>7
dissolved this week and the new firm ofExchange Place, was
Bond A Butt field
organized to continue its business. The members
are:
Allan Bond and VV. J. Buttfield.
Frank M. Cronise and
Albert A. Johnson,
formerly of tin* firm of Lathrop A Smith,
37 Broad Street, will be associated
with Bond A Buttfield.
—Mr. Alfred Graham
Miles, formerly count ctcd with H. N.
Whitney & Sons, has boon admitted to membership
in tin*
New Voi k Stock
Exchange firm of Millet t, Ro • A Hagen, of
3 Broad Street.., this
city, and 10 Post Office Square. Boston.
This house deals in
high-grade bonds.
Bonds and certificates of all
kinds, and at
cost
arc
produced by Albert -B. King A Co., whose varying
card appears
in another column.
Kong experience and exceptional facili¬
ties enable them to
prepare such work correctly and
—
,
Fisk
A
quickly.
Robinson,
who obtained
approximately threequarters of the recent issue of Porto Rico
4% bonds, have
been unable to till the later
applications for Hit* bonds,
having sold tin* entire amount
practically within 24 hours.
Peabody, Hoiightcling
A Co.,
Chicago', in a page advertise¬
in our current issue, invite the
attention of investors
to the various class of
securities in which
they deal.
De¬
scriptive circulars will be sent on
ment
application.-
Tie* Boston office of N. \\
Harris A Co. has been re¬
moved from G7 Milk Street to tin*
John Hancock
Building.
The firm
occupies tin* first floor, their quarters extending
from Federal Street to Devonshire
Street.
.
1 In*
Philadelphia banking house of Graham A Co. an¬
its removal to (>()7 Chestnut
Street, pending the con¬
struction of a iiew office
building
at their former
address,
435 Chest nut St reel
--
nounces
i'euy boats
the consequent dissolution of
bond firm of
Granger Farwell A Co., the
occur: Mr. G. A.
McClellan, the New York
—
2,616
< oal and cof"
organization of the Far well Trust
handle that class of business.
head of its bond
department.
OK LEASED
'1 otal locomotiv* s in service.
Cars in ],asserajer S< rric" -
Dining
10,49$
-
Kor passenger ly-rvie'-.
For freight wi\ h-e
For switching b* r\ice
Smoking
+ $371
+
—In the
Chicago and
1.00
—
Increase (4-)
1905.
Corporation.—Favorable Decision.—
Co., above.—V. 84, p. 808, 755.
United States Title
Guaranty & Indemnity Co.—New
President.—George J. Gillespie, a New York attorney, who
represents a number of large estates,
has been elected Presi¬
dent and will take office on
May 1.—V. 83, p. 912.
Wason Manufacturing Co. of
The “Boston Financial News” onSpringfield, Mass.—Sale.—
April 2 said:
The entire
$300,000 stock was yesterday transferred
Brill Co. of
sale to the J G.
Philadelphia. (Compare V. 84, p. 751.) byThe
said to have been
price paid Is
$1,200,000.
RE :sults.
1906.
United States Steel
See Shelby Steel Tube
98
1,744.591
revenue-earning
freight
carried per train mile
Average number of tons of
all freight (includ. com
pauy’s) carr. per train m.
Total earnings from passen¬
New York; Alexander
The
offerings of bonds to the shareholders are
sale.
The company desires to
sell about 5600,000 of the meeting a ready
$914,000 general
mortgage treasury bonds and has
already disposed of between $450,000
and $500,000.
The proceeds received
will liquidate the debt to
Barber.
O. C.
The company has
decided to dispose of Its obsolete
plants.
Three have
already been sold and all of the
other unprofitable mills will
be sold as
rapidly as buyers can be found.
18,392.101
ton
ton per mile
train mile
mile of road,
per
per
per
per
Directors.—Chauncey Marshall,
of Bonds—Unprofit¬
Sold.—The following has been
officially revised:
additional
Increase (-(-) or
Decrease (—).
1905.
363,136 73
Total freight earnings.
Co.—Report.—See “Annual Reports”
able Plants
FREIGHT RESULTS.
Earnings from miscellane¬
page.
A
.
tion
preceding
LXXXIV
John S. Riegel,
Philadelphia, have
been elected directors to fill
vacancies.
John H. Derby has
been made Second
Vice-President.—V. 83, p. 1590.
United Box Board &
Paper Co.—Sale
15,226,385
+
a
New
1,518,919
180,608,238
(including
Union Bag & Paper
McLaurin, Montreal, and
CAR MILEAGE.
Loaded freight
[VOL.
,
Ape. 13 1907.1
THE CHRONICLE
*77
COTTON.
TEc (Etomnwreial Timtz.
Friday Night, April 12 1907.
as indicated by our
telegrams from the South to-night is given below. For
the week ending this evening the total receipts have reached
113,585 bales, against 109,008 bales last week and 136,702
bales the previous week
making the total receipts s'nee
the 1st of September 190 5, 9,034,0 >6 bales, against 6,856,598
bales for the same period of 1905-04, showing an increase
since Sept. 1 1903 of 2,177,468 bales.
THE MOVEMENT OF THE CROP
COMMERCIAL EPITOME.
Friday Night, April 12 1907.
Continued activity in iron and steel seems to be only a
,
typical instance of general activity in other manufactures
and
a prosperous condition of trade generally throughout
the country, accompanied by well-sustained prices. There
is a widespread feeling, too, that prosperity is not likely for
some time to come to be disturbed by any serious re-action.
Speculation,
LARD
as
Receipts at—
heretofore, is for the most part quiet.
Galveston
Fort Arthur
the spot
has been dull and easier. Small job¬
bing sales have been made of late at 8.50c. for city and 8.85c.
for Western.
Refined lard has been steady, with trade
stagnant. Refined Continent 10.40c., South America
10.25c. and Brazil in kegs 11.25c.
The market for lard
futures at the West has been active and irregular.
Early
in the week many longs liquidated, but of late the tone has
been firmer, owing to smaller receipts of live hogs than had
been expected and strong prices for live hogs.
Leading Chi¬
cago packers have been buying and commission house busi¬
ness has shown an increase.
The dulness of the spot trade
on
PRICES OF
LARD
Sat.
Mon.
May delivery
July delivery
8.87 !•>
8.85
September delivery
8.97 4
8.62 M
8.75
8.87 4
PORK
FUTURES IN
Tues.
Wed.
8„75
8.85
8.87 4
8.95
9.07 4
8.97 4
Fri.
8.67 4
8.80
8.67 4
8.8 ■
8.90
8.92 4
June.
July
Au rust
_
.
.
September..
October....
November
_
...
SUGAR.—Raw has advanced,
by refiners.
Supplies
are
light.
5.45c.
5.-i5c.
5.45c.
5.45c.
December
January
February.
March
_
.
.
..
2.500
5.708
5.355
374
34
3.091
277
1.470
1.195
2
52
132
13
84
1
1.025
248
994
1
.
509
472
269
157
121
289
102
174
357
115
45
61
12,772
14,102
1
i
I59J
442
1661
1,507
345]
1.248)
54|
358)
4,564
1.248
1,192
1.283
1.263
-.----j
21.988
5.628!
9,173
5,628
1
-
190
398
91
1,097!
1
,
220
81
9.376
18,428
1.869
8,418
4592 IOt
91;
_
427i
36
1.439
48,880
-i
9.376
752
2,981
2.655
Total.
j
5.029
8.544
l
Totals this week.
—
18.407;
19,964
1
1,263
!7j
223
26.3525 113,585
■
.
The following shows the week's total receipts, the total
since Sept.
last year:
1 1906, and the stocks to-night, compared with
1906-07.
Receipts to
April 12.
This
week.
Galveston
Con>. Christ!.
New Orleans
Mobile.
Pensacola
..
dee.
.
,
Jacksonville.
<3cr.
Savannah
Brunswick
Charleston
442
Georgetown
Wilmington
..
Philadelphia
Total
68.256
1.263
223
54.046
251.168*
1
111.696
31.939
36,653 1.424.816
2,929
210,254
128.807
16.059
20,655 1.289.868
1.024
164.233
160,048
1,953
5
1.122
1.259
289.040
6.662
556.784
198
19.304
51
4.837
545
55.197
58.421
1.274
251
7.263
6,559
comparison
244 ,370
27 .064
213,554
20,327
.
...
.
•
63,110:
13.640
9.813
j
3,358;
26.377
7s .721
4 .681
17,,737
8 .369
33 231
1.073.
169.176)
154,.593
12.217
10.928'
7 ,571
10..302
2,257;
3. 102
796.998J
721. 710
be made with other
may
131 .969
1
113.585 9.034.066 101.601 6.856.398
In order tlnr
1906.
.
842
36.191
18.013
l .283
i
1907.
27,300 2,326,9T0
1.095
313.031
520,603
1.507
4.564
1.248
1.192
..
1
Since Sep
1 1905.
This
week.
1906.
144.225
*
.
Norfolk
N ewport N ews. •Sr c.
New York
Boston
Baltimore
we
j Since Sep
1
Stock
1905-06.
48,880 3.651,966
128.798
49.676
9.376|
18,428' 2.122.466
1.869
241.646
8.418
131.658
91
6.962
9.173:1 1.373.717
5.628) 165,158
Port Arthur..
.
years,
g've below the totals at leading ports for sx s*asms:
Receipts at
1907
—
1906.
54.215
20.655
22.339
1,507
l .564
1.958
1.259
6,662
l .616
6. 183
1 .248
198
IS.09 <
3.145
58.25 ;
New Orleans.
Mobile
Savannah
Chariest on.&e
18.428
1.869
9.1 73
442
Wllmingc’n&c
Norfolk
.
N'port N.. 8cc.
All others..
..
Total thlsAvk
1904.
1905.
28.142
36.653
2.929
Galveston,&<•_
.
113.5S 5
52.450
6.143
101.60 1
5.714
'
j
1903.
14.536
11.819
459
25.838;
1.728!
3.654
2.034
5.847*
1902.
21 ,604
21.016
10O
7.975
1
392
418
15.158
3,647
5.387
328
4.912
208
163
223
1 .882
5.330
7.987
163.544
29 4 18
59.639
6 4.835
Sept. 1. 9.034,066 6. 856.598 8.052.754
Since
1
586
1.754
3.590
6,77 U160 7 A 48.649 7.014.713
The exports fo" the week 1ending th’s even’ ng reach a to'al
1.7/7 were to it re at Brii an.
145.SS0 baits, of which
2,900 to Fiance and SS.U8 to the res' of the ('ontinent.
Below are the exports for the wee k and s ne- 1 S.*p;. I 190 >:
of
owing to increased buying
Centrifugal. 93-degrees
increased demand and the rise in
4,609
Fri.
—
1.247
1.509
.
5.5<c
to
Thurs.
[
Norfolk
N ewport N ews, & c
Sew York
Boston
Baltimore
5.50C
.
muscovado. 89-degrees test. 3.23c.; and mo¬
89-degrees test. 3.04c.
Refined has advanced, owing
iv;
i
i
um
v
tiuw
e ^
»
nv
ivo
v'e
»
* * v* *»•-
*
3.73c.;
an
raws.
\\\<k
Granulated j
Tens have been quiet and steady. Spices
been moderately active and firm.
Hops have been
4.7U(&4.80c.
have
near
cases.
are
expecting
a
has
been
active
and
-firm.
further advance in quotations in the
future.
Refined, barrels. 8.20c.; bulk. 4.75c..
10.05c.
Naphtha has been fairly active and
;
Port Arthur
;
Corp.Curtst .Ac
>c.
common to
.*>.708
Savannah
8.851
Fernand tia
prices have generally remained firm with supplies light.
Havana has been in moderate demand at firm quotations.
At the fourth Sumatra
Cmp accounts have been conflicting.
inscription at Amsterdam somewhat lower prices prevailed,
though some lots sold at the highest prices thus far reported.
The total offerings amounted to some 10,090 bales, of which
:
.
56.962
.
„
*
.
38.130
8.6 IS
2.910
V27 M2278.257
6 s.524 28.059
5'.985 29 <12
12.748
.*..197
1 46.196
9.802
1 .0OO
9.81*2
l .000
11
.5.709
5;>
8.792
5.091
115.U21
2.30 7
4.420
I58.9J0
! 19.332
29.5
897
6"2
68.162
0
ons
■
‘5
370
2 .970
370
2.970
82 ,**0O
7.3 78
!
24,s4(«)25c. and
Lead has been dull and easier at Oe.
electrolytic 23(2 24l4c.
Spelter has been quiet and steady at 0.75(«'O.SOe.
I'in has
been dull ami steady; Straits 40*).je.
Iron has been active
1905-96
4 *8 2 7>7! .s.‘>6
5.5 17s
52 .3491
toot
651 .o93(
52 2 ’■'«
2.393,
1 s6.26o>
35.72s
172 ..< 1 4.
•
4. >97
6941
! 7 .007.
0.123
61.981,
2.704*
PHjj
51.777
14.900
2.955
3.862
12 s 798
15(7
1
15! 761
140.676
1 O
si 4.097
127.711
ii .393
3UC 2St>
7 264
->.114
'• 16.381
1 <6.387
! *6.266
85.300
706.4*2 1 792 5
4.030!
In addition
7.878
73.795
76.6 47
37 123
400
4 030
9.579
vs I4S 145.8803.349.014 830.8953. ,204.0-41 7 .383.950
7*0.948 75.210 2 .478.296 620.687 2..196.1 14 5,.295.127
to abovr exports, o ir teleg ams to-n’ght a’so
the following amo.mts e»f cotton on shipboard, not
cleared, at the ports named.
We add similar figures for
g w us
1
8
73.700
76.647
9.579
I'oti!
Total
•‘-
.1 HJO
*
New
York.
.
7 <>till.
ni-ril.
<7.i2y
Detroit
taken for American account.
GOITER has been quiet and steady; lake
40.20s
75.492
.
<//u;~
7 1 .836,
1.547
.
vl.397
8.407
5. -
Portland Me
San Francisco
Seattle
Tac uua
Portland. Ore
...
Pembina
were
53.600 1 .597.245 42! ,17s
Philadelphia
:
France
21.883
83.338
Charleston
Wilmington
Norfolk
;
t
Total.
-
.
-
treat
Rntain
netit.
_
’
but
1900 f» A urii 12 HOI
Exported to
.
Mobile
.Ro^in has been in moderate demand and firm:
j Newport News
good strained 84 55(a $4 05.
j New
York
Boston
T()B.\CCO. —Trade in domestic leaf has continued quiet,
Btltnnore
Northern $22 20(2 #23 70; No. 2 Southern.
Er'nce
31.777
j Pensacola
:
_
■
; Brunswick
Spirits of turpentine has been fairly active and firm at 7
and steady; No. I
$22 75(2**24.
.
it it a'
4.597
firm: |
18c.. in
Fn*:n Sept. !
rdi'Uj April 12 1901
Exported l *
-
j NewOrleans
and i
100-gallon drums.
Gasoline has
been active and firm: SO degrees. 2le., in 100-gallon drums.
78(t/-70 degives.
t
Hr itai n
j 1 ;a!vesn>n
PETROLKC M.—Refined
Some
Exports
from
quiet and steady.
3.000
480
Georgetown
Wilmington
5.45c
5.50c"
lasses.
test.
•
2.901;
245
Savannah
Brunswick
Charleston
the spot
5.60c.
5.65c.
5.55e
5.50c
April
May
;
J
3,348
Philadelphia
Thurs.
12,202
5,899;
Jacksonville, <Scc.
CHICAGO.
Wed.
Tues.
-
New Orleans
Mobile
Pensacola
has been irregular, but as a rule the
changes have been slight. The demand has been confined
to small jobbing lots.
Mess SI7 50@$18 25. clear SI7 75(a
S19 and family S19@$19 50.
Cut meats have been steady
with trade quiet and of a hand-to-mouth character.
Pickled
sh Jolliers 9b£@10e., pickled hams 12(2 12^c., and pickled
bellies, 14(200 lbs., 10^(211c. Tallow has declined to
63s'c. with trade dull and supplies larger. Stearines have
been dull and steady.
Oleo 9(oc. and lard 10c. Butter
has been fairly active and steady; creamery extras 301 o(2}31 e.
Cheese- has been in moderate demand and steady: State fac¬
tory. fancy, 15c.
Eggs have advanced on active buying
and decreasing offerings; Western firsts 17f'2@18c.
OIL.—Cottonseed has been dull and steady; prime sum¬
mer yellow 46c. and prime
winter yellow 51 (2 52c. Linseed
has been dull but firm, owing to the strength of the see 1
market.
City, raw. American seed, 42(2T3c.:
boiled
43(244c.; Calcutta, raw, 70c.
Lard has been easier with
trade dull.
Prime 76@o8c. and No. 1 extra 58(5)60c.
Olive
has been firm with trade more active and supplies light:
yellow 80(2490c. and green 70(2 75c. Cocoanut has been
moderately active with Cochin firm at lO^c. and Ceylon
easier at O^ffidHoci
Peanut has been quiet and steady:
yellow 50(2 OOe. Cod has been moderately active and firm;
domestic 38(2)40c.; Newfoundland 40(2 42c.
COFFEE on the spot has been dull and easy.
Rio No. 7.
07sc. and Santos No. 4. 8(2 8.
West India growths have
been moderately active and steady;
fair to good Cueuta
S 1 _>(2 91 -jc.
The market for future contracts has declined
with the trading on a very restricted scale.
The principal
depressing factors have been declining foreign markets,
continued large receipts at the Brazilian ports, local and
foreign liquidation, the stagnation of the spot trade and the
persistent dulness of the speculation.
The closing prices were as follows:
on
12,597
CorpusChrlstl. &c
lias had no effect upon the course of future prices.
DAILY CLOSING
I
Mon.
Sat.
878
THE CHRONICLE.
On
Shipboard, Not Cleared for—
Great i
12 at— Britain. France
April
Ger-
j
Otlier
New York the past week have been
Leaving
Total.
15,606 j
6,746
51,378 18,500
I
10,879
25,090
22,331
19,571
;
773
59,094
4,943 116,723
900
200
_
—
5U(>!
-J
3,725
1
2,0001
5,500
200
1,800
4,800
|
Total 1907..
74,9841 25,446
Total 1906..
44,533 11,495
Total 1905.
104,6431 21,618.
.
2,500
1,000
40,775
53,394
45,563
50,921
40,500
21,991
28,147 220,273
30,304 224,119
1
©
1
Co
3
«
of
Nevertheless, under
the
of
However that may
a.
the most noticeable features
itself the duJness of
1
.
f-
.
•§2
27
This makes six States in the
belt which have enacted similar laws that
naturally
have a tendency to cut down
speculative business in futures
with the South and to
keep
hedging transactions, already
enough, owing to the low prices ruling here, within
stHI narrower limits.
Of late, however, Liverpool
and
Southern buying, partly to cover
shorts, and the note¬
worthy strength and activity of the Liverpool market, have
had a more* or less bracing effect on
prices here, especially as
the weather at the South has been
regarded as in some
respects unfavorable.
The large exports have also attracted
attention and ilie same may be said of the
firmness of the
cotton goods market, all of which confirm the
belief of many
that the consumption this season is
unusually large. It is
believed, too that it is likely to continue so for some time
to come, and in that cas ■ it is felt
that another huge
crop
may be nec< ssurv.
Speculation, however, is stagnant and
it may continue so until souk
thing striking happens to
awaken it into new life.
To-day prices advanced, owing
partly to an active and higher market in Liverpool (where
tin* ‘‘spot-’ sales were 15,000
bales, a small New Orleans
estimate, and buying by Liverpool). New Orleans and local
operators.
Ik sides, there was rain in the eastern section
of tin* }y It, where it has
latterly been cold, with frosts. The
weather in lexas was
reported dry and there was some
manipulation of the May option by local bulls. Cotton on
the spot has been dull at
unchanged quotations. Middling
closed at
11c.
ates
ob
unitTee,
lows:
UPLANDS.
Good Ordinary
Low
Middling..
Middling
Good Middling
Middling Fair.
GULF.
Good Ordinary.
Low
Middling
Middling
Good Middling
Middling Fair
1..
.
_
and < >{f middling a s establi sill'll
the pricc*s for a few’ of the
Mon.
9.75
10.50
9.75
10.50
11.0<»
11.00
1 1 .76
1 1 .76
Tues.
1
9.75
10.50
11.00
1 1 .76
12.50
12.50
Wed.
Thurs.
9. 75
10. 50
9.75
10.50
11.00
11.00
1 1
1 1 .76
12.50
.
j 12.
76
50
Middling..
Middling...
Fri.
9.75
10.50
|
i
11.00
1 1 .76
12.50
10.00
10.75
10.00
10.75
I o.oo
10.75
10.
(.)
11.25
10.00
10.75
11.25
10.00
10.75
12.0]
12.75
11.25
12.01
13.75
11. 25
12.01
12.75
11.25
11.25
12. 01
12.01
12.75
12.01
12.75
9.00
..
10.50
10.54
..
Good Middling Tinged..
1 1 .00
10.00
,
12.75
9.00
10.50
10.54
1 1 .00
9.00
10.50
10.54
9. 00
10. 50
10. 54 '
1 1 .00
1 1
POTATIONS FOR
.
15
00
:vi YJ
9.00
9.00
10.50
10.54
11.00
10.50
:ails.
•
] j >.o
..
31X14
3 902
11X11
liXXO
.00; ]89y.<;._
...
3h:>K
8.00 1897
34.701 18SXJ.
.10.00 1 8 y 0.
-
.
.
..
.
.
.
...
...
y.20ji8y4...
8.20i 1893
y.8i! I8y2
...
...
6.19* 1891
6 19 1890
7 .441 1 889
7.88 1888
c
8.31
j 1885.
1881
8 .94
1 1 .62
10.62
9.75
10.62
9.25
6.56; 1887.
7.62 1886
7.00
©
©
©
®r
C
°
|
■'T
CO
XT
XT xr
©©
© cs
e
©©
T—(
HH
rH rH
©
©
CC lO
0C©
®l
d©
® ©
© ®
© ©
CC f-»
© ©
T eo
©©
© ©
t-h
©©
a
® ®
©©
©®
© ©
©
©
©
©
©
©
|
X
CM CM
©t^
11 o
°
©
©o
© ©
® ©
1
|
|
|
11 ®
11 ®
©©"
CM ®
CC CM
COCO
XT XT
1 35
XT
CO
©
®
©
© ©
©|
©
a®
© ©
®!
CN
©
1
C CM
xT xr
aC (x.
© ©
|
|
8-
CO ©
LC lC
® ®
® ®
11 ®
®®
l ***
1 M
CO
O ©
1.0 XT
lO
®
© ©
©*
© ®
®
©
1
1
©
©|
11 35
XT
O lC
lC lC
1 35
4-0
®
©
® »
as
©
©
® xr
».c
©
lO ©
4.0
©
|
•
1
® ®
CC
©
©
|
o©
r*H
rH r-H
11 ©
°
o©
o©
© ©
c ©
o©
rH rH
©|
©
a a
t-h
®
11 1-1
C4 CM
X X
X eo
X
© ©
o©
O
©
© OS
©©
1
©cs
© 1
®l
©
©
|
CC ^
X CO
8-
©©
lC CC
X
cO
© ©
© ©
© ®
© cs
1 ^
©©
CC
i53
81 ©
X
© ©
a
© ©
©
8- ©
XT 1-1
X X
©©
© ©
©®
H
©
|
OCOO
CO ©
© 4.0
© ©
©
1
'
©
j
aC ro
© ©
C/
©©
11 ®
© CS
c©
(x. ©
© ©
LO aC
© ©
C X
® X
1
o
11 ®
i-i
1 fx
©©
CS®
© ©
|
cc cc
© ©
© ®
© 1
^
1
©
X X
©
©
|
1
CM CJ
S3 so
is
5
1
C W
ct
9
1
bL C w
c3
9
1
R Cl
f
^
©1
S
s
1
©1
^
©©
e-j ©
© ©
©
rH
&
j
©©
© ©
© ©
© ©
uB
C CO
|
CO
|
O
4.
ei
r-
t£~
a tp
o to a c
R Cl
fco
tit B
1
S3 to
O
cc
C *
CS 9
i
e©
12
1 1
C-rH
©
1 ^
i
r-* rH
©
©a
c ©
R Cl
R Cl
©
rH
©
eo©
C T-1
I »
© ©
©©
rH
O
a “
cs
o
i
a to
CS
®!
11 ®
rH
rH
ii
91
tr£
bt"
,
I
1
XT
rH
fci
ti C tc
i ii
d
|
X CO
X ©
r4
©1
rH
CS©
1
|
|
Lt
rH
©
X
.
o
©
1
|X.
O
I 1
rH
© ©
r-i rH
Ct l-'t
© ©
-
®1
cc
X X
1
rH rH
8JXT
© ©
cs®
1
rr
©
xT 1-
©
rH rH
i
©
CO ©
© ©
©’cs
1-1
1
®!
fc£
fc/ ~
•
J.
ii
|
©OS
C rr
© ©
r*
ii
©
|
©
cs cs
35
|
©
rH
©
i i
l-1
o©
©
© cs
11
©
1
i-i©
T-H r-H
c©
© ©
® ®
i
i
i
r>. ift
T-
©1
i
00
©®
|
i
i
© X
®
©
40
11 °
XH
l ^
X
©
1
cC
o
©o
8- ©
©|
|
rH
xT
©
<c
1
©
|
rH
8
X X
© ©
i1 ®
1 1
! 1
XX
©
xf|x
©©
rH rH
1
1
|
© ©
40
Q
|
do
©7
1
©
x ©
c©
t- Ixi
X X
©|
©
1 30
CO t-
!>• CM
Tf LC
1
11 ®
©
CC C*
j
rH
TT
OC X
m
i
©
©
|
© ©
©©
!>■
CC
1 1
CM
©
cc
© ©
©
i
CM
©a
.
ii
rH rH
r-1
^
11 ®
T-H
1 X"1
1
rH rH
rH
|
©40
1°
.
CS©
©
81
© ©
1 00
® ®
1 ®
rH
©|
©
® ®
®
i
i 1
CM
0C©
cc cc
1
1i
i
1
«© 30
1 *
lC O
ii
xT
1°
CO
rH rH
|
1|
d
© ©
cs
1
1 °
rH
8-eO
LC SC
©
j
©
@1®
"
r*
©
©
©
|
LO©
I
1
®l
CM©
1
i-C LC
xT xr
1
1
rH
1
rH rH
©
|
I
o
! x*
CM ©
@!
c” 1
1
o©
LC
© 1
00
©
ss
©|
1 1
©
xT lO
j
1 11
Ct
] 11
1
COM
®
® ®
11
lO CO
® ®
©
©
|
|
© 1
©|
00
|
LC^J
xTuO
LC Tf(.
©|
1
®r«
r- x
CO
]
1
eM
©
.
O
C CC
&B
1
1
cd
R Cl
Jaiy- Avau sept. Oct.— Nor.- Dec.-
i
1
C
CD
cs
o
£3
C
Vi
THE VISIBLE SUPPLY OF COTTON
to-night, as made
by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week’s
returns, and conse¬
quently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the
exports of Friday only.
up
April 12 —
Stock at Liverpool
Stock at London
Stock at Manchester
1907.
bales. 1 ,2211.000
9,000
1906.
1905.
1904.
1,068,000
9,000
67,000
785,000
555,000
12,000
11,000
49,000
62,000
1,318,000 1,144,000
14,000
10,000
458.000
233,000
628,000
13,000
337,000
4,000
201.000
3,000
30,000
27,000
5,000
80,000
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
16,000
131,000
185,000
4 ,000
9,000
43,000
13,000
8,000
846,000
10,000
335,000
1,000
137,000
3,000
251,000
46,000
5,000
893,001)
492,000
566,000
620,000
1.636,000 1,412,000
144,0(10
100,000
321,998
417,000
48,000
34,000
18. ,000
1 99,000
151.000
74 4 ,000 1 ,028,000
742,000
796.998
721 ,710
689,219
451,447
448,971
553,369
13,275
1,100
27,213
1 ,248,000
258,000
3,000
_■
Total Continental stocks
Total European stocks
2
India cotton afloat for Europe
American cotton afloat for Europe
Egypt,Brazil,&e.. allt. for Eruope
Stock In Alexandria, Egypt
Stock In Bombay, India
Stock In U. S. ports
Stock In U. S. interior towns
U. S. exports to-day
,21 1 ,000
2 86.Odd
530,612
48,000
210,000
168,000
40,000
209,000
395,000
503,597
239,274
7,875
Liverpool stock
bales. .1,111 ,00(1
Manchester stock
65,000
Continental stock
823,00(1
American alloat for Europe
530.612
U. S. port stocks
796,95)8
U. S. Interior stocks
451.447
U. S. exports to-day
13,275
1 1 .06
-
11 .88
1883.C
10.12
1882.
1881
12.12
1880
1879..1878
1877
1876
...
948,000
57,000
435,000
321 .95)8
.
.
721 .710
.
448,971
1,100
.
Total American
East Indian, Brazil, &c.—
Liverpool stock
London stock
Manchester stock
Continental stock
India alloat for Europe...
Egypt, Frazil, &c., alloat
Stock In Alexandria, Egypt.'
Stock In Bombay, India.
Total East India, Ac.
Total American
707,000
41 ,000
530,000
417,000
6851,21!)
553,369
452,000
52,000
505,000
108,000
505,507
250,274
27,213
7,875
3,701.532 2,033,770 2,064,801 1,085,740
1 1
8,000
0.000
15,000
120.000
0,000
10,000
57.000
144,000
48,000
70,000
285,000
48,000
151 ,000
187,000
744,000 1 ,028,000
-
75,000
12,000
8,000
30,000
100,000
34,000
15X1,00(1
742,000
103,000
11,000
10,000
57,000
210,000
40,000
2051,000
35)5.000
1,477,000 1,557,000 1,2051,000 1,035,000
3,7511,332 2,5133,7751 2,5)54,801 1,985.740
Total visible supply.
..5,258."32 4,500,775) 4,173,80 1 3,02 0,74 6
Middling Upland, Liverpool
O.IOd.
5.l5d.
4.24d.
8.Eld.
Middling Upland, New York
11.Ode.
11.80c.'
7.85c.
14.40c.
Egypt. Good Brown, Liverpool... 11 1-HUE
7
9 7 lOd.
l()?6d.
5
HUE
JVruv lan Hough Good. Liverpool
il.Ood.
8.75d.
lO.OOd.
10.50d.
Broach. Fine, Liverpool
5ljd.
4 5-16(1.
r><qd.
7Ud.
Tinnevelly, Good, Liverpool
5 5 HUE
5 9 HUE
4 %d.
7 qjd
-
quotations for middling u pland at Ne w York on
April J 2 for each of t h< past :yj years hav (* been as follows:
11
© ©
©
1
© ©
© ©
O©
1
5 a
10.54
1 1.00
The
1907_c
1906
3 yoo
® ®
...
1
Strict Low Mid. Ting< d
® ®
1
I
1
-T
O
o
©
e-j-r
®®
5s :C
l
STAIN ID.
Low
at
Total visible supply
5 ,268,332 4,500,779 4,173,801 3.020.746
Of tin* above, totals of American and oilier
descriptions are as*follows:
American —
Saf.
12.50
®®
o
cotton
Revision
©
1 11
lx.
cs
|1
© tx-
CC
anti-option bill by Texas.
the
\
1
0C
® ®
1
*
1|
©O’
1 ct
1
^
©
XT
1
©
-
®
1
®
0C
lC
xT CO
© ©
3 a
© a.
LC
LC
x->CM
© ©
1
times there has been a certain amount of
Southern soiling
here, said to be against future shipments to New York.
Another factor which has militated more or loss
directly
against the market was the passage fluring the week of an
bv
|
cs
l^O
© ©
u®
vices, especially as the season is apparently more forward
than usual, and so far as can now be
gathered an increase in
the acreage seems highly probable.
The movement of the
crop, in the Southwest in particular, has exceeded
expecta¬
tions, the New York stock is
steadily increasing and at
small
follows:
©
©
|
cc
©
.
'cas
?? v»
1
1
©
eo
40
r- ©
CC CM
0
the water.
In New York
speculation and the fact that the re¬
ceipts have not fallen off as much as had been expected have
had a tendency to neutralize bullish news
of any kind.
Some stress has been laid on
reports of dry weather in Texas
and of frosts in the eastern and central
portions of the belt,
but they have had far less influence than the
Liverpool ad¬
eo
©
0C X
a
across
1
©
(X- XT
lC O
©
a.
as
possible squeeze in
May-June later on.
be, prominent Liver¬
pool interests have been buying May-June delivery, it is
said, on quite a large scale,and its firmness has been one of
rumors
1
©|
1
®
1
CO
TT
•
c
©
|
©
cc
LC
1
i-
the
©
® ®
LC O
l1 ®
Liverpool market prices have advanced mod¬
erately. The English advices have suddenly. become of
quite a bullish character, Liverpool’s spot sales
mounting
to 12,000 and 15,000 bales a
day, and the May-June option
showing a good deal of activity and strength at premiums
over the later
deliveries, which show a tendency to increase;
so much so as to
give rise to
ij
«l
!
»
3
®
©
1
©
©!• ©1
»
•S’-1
cotton for future delivery has kept within
such narrow bounds and tlie
daily fluctuations have been so
restricted that the week has
been, on the whole, devoid of
incidents of very striking interest.
1
r-
®
XT
1
Speculation in
lead
1
^
CC
i ®
576,725
550,061
465,100
11
©
AC
ft
162,676
32,173
21 ,727 171,649
®
LO
©
134,445
62,210
9,613
14,702
6,446
5,625
19,931
6,500
11,300
1I
rS
154,460
900
200
1,400
19,931
as
stock.
cm
New Orleans..
Galveston
Savannah
Charleston
Mobile
Norfolk
New York
Other ports
lxxxiv.
FUTURES.—The highest, lowest and closing prices
Coast¬
wise.
many. Foreign
[Vol.
10.88
12.19
1 1 .38
10.62
1 1 .38
to i
13.25
.
The above
figures for 1907 show a decrease-from last week
*17,127 bales, a gain of 7(>7,5f>:i bales over 190(>, an execss of
1,094,full bales over 190.5 and a gain of 2,247,580
of
bales
over
190 I.
THE CHRONICLE
Apr. 13 1907
AT THE INTERIOR TOWNS the movement—that is,
Closing Quotations for Middling Cotton onWeek ending
the receipts for the week and since
for the week and the stocks to-night,
the
Sept. 1, the shipments
and the same items for
corresponding period for the previous year—is set out
April 12.
Galveston
New Orleans
Mobile
Savannah
Charleston
in detail below.
Wilmington
Norfolk
Boston
Baltimore
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rock
i
i
i
i
i
iifiii
i
i
ri
i
fcSi
i
tii
i
i
*
*
i
*
i
ii£3i»3iittii!i
i
«i
i
i
»
i
i
i^iiiiii
«
i
i
i
i
i
lll»llllplpl(lllltllct'*ttltllll|ll
i
t
i
i
i
f
i
i
i
i
i
l
f
f
i
t
1
i
I
i
i
i
i
i
i
i
i
i
i
i
i
i
»
I
I
l
l
i
I
i
t
i
i
i
i
i
i
i
i
i
i
t
i
i
i
i
t
i
t
t
i
i
i
»
i
t
i
t
i
»
5°,
1
©1
>
©1
■
0 £»>
■
i
t
i
i
71
to
©
00
©
■u.
co
b-L
©
to
'©
bo
►—*
c
©
to to CO
i-*
i
'
i
i
i
i
t
(
t
f
i
i
i
t
1
i
i
i
i
i
i
i
i
i
i
i
t
t
t
i
»
i
i
i
i
l
i
i
i
i
i
i
i
I
*
t
i
i
t
i
i
i
t
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
t
»
i
i
t
i
i
i
i
i
i
i
i
i
i
i
t
;
t
i
t
i
i
i
i
i
i
i
i
i
i
t
i
i
i
i
i
i
•
|
|
|
I
|
|
|
i
t
i
to
*-3 t—» CO
3-3 »-3 Co
to 00
3 Co ©
©
to © to 00 c*
© to
ci © cn
MW
*k© © to c 00 to Oi © «-* -J © ©
© *-*■ © ©
<1
1-3
00
c*
i
i
i
i
i
«
Apr. 6.
h-*
to
>-k
© ©
©
©
H-*
t-3
bo
bo
Si
[
>-3
_ 3-3
§
C5>
Range
Closing
May—
Range
3
Closing
£
to 1-3
to 3-3 ©1
© © 0* >—4
£. ►—» to to >
■£*© to 00 to CO •
© ©
©
to
C* 0c -0 ©
» ZJI ©
>u © to © Oi © ©to
•U © Cl
** to Co © © © 0©® C* Co Co © ■uto© cn C1 -4 >—
3—3 -
CD
00»4^J©©©1U.C>C>.U«Ji-‘©tvs©©©®W©©©>-4t\a©«400©.U*-‘©©.U
©
00©W©©©©©M©30>-‘:3».UW>-‘©*slOO©00©^l«4'*J©*-©.UOO©t\3C>
CO
>-‘>.]»-‘t1»30i40Dcowc)iMt\ji-‘c;<WiUsiuwcsi3)OiUaooit>'UMua>->c
oo
■u
1014
10 3$
11
11.00
11
11.25
11 H
10 3$
10 3-4
10 13-16
10 3-16
Sat’day,
i
»-*
w
t-k
r
i
10 13-16
10 9-16
10 M
io 14
Monday .Tuesday
10 13-16
10 9-16
10»4
10 1.4
10 y.
103|
11
11.00
11
11.25
11 H
103$
10 34
10 13-16
101$
Oi
July—
Range
ft
a
0
s
Closing
©
October—
Range
•3
10
co co
©.ttco-s]to3>tocoiuo>cototo>-.
i
10 H
10
10 U
103$
103$
11
11.00
11
11.25
11 V\
10 3$
10 34
10 13-16
11
11.00
11
11.25
11
10t$
10}$
4
103I
10 34
10 13-16
10.31
(51
-10.26
i— O —1— &
10.18 —10.20
—
—
—
vm
10.30
—,—
© © © o© ©
>U
Range
Closing
January—
Range
Closing
oo © eo ©
©
©
>-4©
CO
I-4
£k h-4 (sj © © 001-4 .U0C HMW
I-4
MMOH®
>-‘©-400©®©©®
—
10.40
—
—
10.24.32 10.26-.41 10.22.39 10.24-.28 10.32- .37 10.35-.45
10.31.32 10.32-.33T0.26-.27 10.26.27 10.34.35 10.45-.46
r10.26-.34 10.29.37 10.22.39 10.22-.28 10.30-.35 10.35-.43
10.33.34 10.32.33 10.26.27 10.25.26 10.33.34 10.42.43
10.16.22 10.16.23 10.13.25 10.11.16 10.19.24 10.22- .31
.
December—
eo i-*
CTf->coc»eoro©©.t».i—‘oocni—Ok©**©©©©©®©©©
>-4CT4l©©©®£»>-*>-‘© o ©to -J © ©
co
os -vlO
©
£*.
©
7$
10 9-16
‘
Oo
toco
©I
oo *4 toUI
Friday.
10 7$
10 9-16
10 XL
10 14
10 14
| Monday, Tuesday, Wed'day, Thursday, Friday,
| Apr. 8. j Apr. 9. j Apr. 10. 1 Apr. 11. j Apr. 12.
to
© ©
Wed’day. Thursd’y.
10 13-16 10 13-16
10 9-16
; 10 9-16
T-H ©
-1014
T—1 ©
10 !4
10 14
10 14
10 3$
10 3$
11
ill
11.00
|11.00
11
11
11.25
11.25
11 4
hi
4
10 3$
403$
10 H
1034
10 13-16 10 13-16
10 H
101$
April—
*-k
M ©,© I-1
w CO c*
i
Sat'day.
NEW ORLEANS OPTION MARKET.—The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
iiiiii
I
879
>u
>u
©jkto>tk4i.-l*-‘©©©«4©to©to©ro>-‘©C!<©>-‘©itw-l©©©®M©©>-‘
-st
tOw©©©M-J©eo®W‘vltOOCiU*.®4>.®©CtO-vt©®>—oc©®©©to®
10.19.34 10.18.34 10.15.24 10.12.17 10.20.25 10.25.33
10.21 -.22 10.19.21 10.17.18 10.16.17 10.22.23 10.32-.33
l
10.25 — 10.24.32 10.30.32
Oi —
O —10.33-.36
10.28-.30 10.26-.27 10.23-.25 10.22.24 10.28-.30 10.38-.40
—
—
Tone—-
ooa>o©Moo-JM>-aiC'ci*.iUi.owcc'i©*.oo-J-*to-Jw^X‘©©
;
Spot
Options
>-‘©©M-4>-‘©i-‘totO«4«-‘>-‘tOi-‘
iUiUCs*-*>->
©
© t-4 £» »4
© ® v-4 © >—4 © £» .fc4- © ® to OO it4- ® -vl
t\S ® © •—* © fO >—* ■£* © t\3 ® © © £* 00 © ©
Firm.
Quiet.
Quiet
Steady.
Quiet.
Steady
.
.
.
Quiet.
Firm.
Quiet.
Quiet.
i
V’ry st y.
Steady.
•U £.
WEATHER REPORTS
©©©©©©©“4»>-‘©®^--j©c;>©©©>-‘©H-®©>-‘e;>©©©©©to©
©
-4
>->
_
£
©
© it- *—> -4 •—4
—o-‘-‘to‘-‘©©©a^©©ib.w©
© © -j © © x to © © © © to
© w oo oo to oo © © © oo 1-4 w to oo © .u © i-* © © © © -d © t\s “jri-4 © © © © oo to
0i
to © ’© 4k 4k *© CD -J © © © © CO «4 © © © '«4 4k CO © '© 4k
*«4 '-4 CD 7-* '«4 © 4k to ©
O*tO©©©4kM«4M00©00©©©«4®©©00©®4k©to©4k©M4k©00©
©00©tototO>-‘W©©ro>-4i— © © £*. ® © to © *>■ © © .U to © .U
©
to
I-1
©
MWH
©
.
I
_
>-‘-4®©0ei-‘MOc4-©©©M©«4i
© 4- t o -4 © © 4- — — to -4 © © © © © to © 4k to i
© 0C © © © ® © © GO “4 >—‘ © © to © >t» ® ® © 4k i
©®
W
4k
to©
>->
©
©
—
t-“k 4k © 3c
7-k
*4k *©
to
I-1
be
00 © to
©
to
^
4k©4-tow®*-‘©t0«40t0
-4 © © “4 to © — © 4- 4k © ©
tO ©
4k
>->
*-* to
©-4©-44-©4k©4k©-4©
bo
ft
ft 2r
S-S-
k-«4©©C©©-4t0i-*4k®
«-k
© © © © © © I-1 *4 to
*©
00
*©
7->
,>3
Vj '© bo
4k a © h- w
to © ©
© 4k
©
oo oo © oo 4©
© 4k to CD
to
© C © © to © •-* © -4 © © -4 “4 t O © ® © © © 4k © © I-4 ® — © ®
3C © © © ©
lowest 60.
Palestine. Texas.—Rain has fallen on one day of the
the precipitation being thirty-four hundredths of an
The thermometer has averaged 67, ranging from 48 to
Fort Worth, Texas.—It has been dry all the week.
thermometer has ranged from 44 to 90. averaging 67.
®©e.'i®©®©©®©®«44k©®k-.©©©to©«4tow©©®©®4kk-‘t>s«>j
The above totals show that the interior stocks have de¬
creased
during the week 15,472 bales, and are to-night
2,476 bales more than at the same time last year. The
receipts at all the towns have been 16,701 bales more than
the
same
week last year.
San Antonio, Texas.—There has been no rain the past
week.
The thermometer has averaged 73. the highest being
100 and the lowest 46.
the overland movement for the week and since Sept. 1,
as made
up from telegraphic reports Friday night.
The
results for the week and since Sept. 1 in the last two years
as
week.
19 06-07
1905 -06
Since
Since
Via St. Louis
Via Cairo
Via Rock Island
Via Louisville
Via Cincinnati
Via other routes, &c
-
Week.
Sept. 1.
Week.
.12,040
3,876
2,595
1,616
c/691.493
12,335
3.148
200,541
70,984
72,769
47,931
402,302
.
-
_
570
.
8,478
Total gross overland
.29,181
Deduct shipments—
Overland to N. V., Boston. &c..
3,961
Between Interior towns
Leaving total net overland-a
927
7,783
1,894
324
659
125,718
17,672
35,613
.14,447
274,821
3,104
179.003
.14,734 1,211,199
23 ,126
821,296
d6,5H> bales added
as cor¬
rection since Sept. 1
The foregoing shows th’e weeks net overland movement
has been 14,764 bales, against 23,126 bales for the week
last year, and that for the season to date the aggregate
net overland exhibits an increase over a year ago of 389,903
bait's.
In Sight and
1906-07
Spinners’
Week.
Sept. 1.
9,034,066
1,211,199
1,514,000
101,601 6,856,598
821 .296
23,126
46,000 1.479.000
.176,319 11,759,265
.«15,472
355,171
1 70,727 9,156,894
313,704
ti31,765
Takings.
.
Total marketed
Interior storks In excess.
Came Into sight during week
Total In sight April 12.
a
1903-06Since
Week.
Sept. 1.
Since
.113,585
Receipts at ports to April 12
1 14,734
Net overland to April 12
Southern consumption to April 12
48,000
—
.160.847
138,962
12,114,436
9,470,688
2.309.780
35.417 1.970,947
spinners’takings to April 12 54.550
Decrease during week.
1905-—April
1904—April
1903—April
1902—April
14
previous
Utiles.
227 623
53,635
lit), 820
years:
Since Sept.
1—
1904-05—April 14
1903-04 —April
1902-03— April
16
17.
77.160, 1901-02—April 18
Hales.
10,900,477
9.219.629
9.675.58s
9.459,461*
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—llelow are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week:
dry all the week.
The ther¬
ranged from 46 to 92, averaging 69.
New Orleans, Louisiana.—There has been no rain
the week.
The thermometer has averaged 70.
during
Shreveport, Louisiana.—There has been rain on one day
duriifg the week, the rainfall reaching eighty-five hundredths
of an inch.
The thermometer has averaged 63. ranging
from 43 to 83.
'
Vicksburg, Mississippi.—We have had rain on two days
during the week, the rainfall reaching twenty-eight hun¬
of an inch.
Thermometer has averaged 63, the
highest being 80 and the lowest 45.
Helena, Arkansas.—Weather rather cool for farming. We
have had rain on one day of the week, the rainfall reaching
twenty-two hundredths of an inch. The thermometer has
averaged 56.5, ranging from 39 to 73.
Little Pock, Arkansas.—Weather clear and favorable for
farm work, but temperature too low.
We have had raiu on
one day during the week, the rainfall reaching four hun¬
dredths of an inch.
The thermometer has ranged from
40 to 72. averaging 56.
Memphis, Tennessee.—Weather cool and less favorable
for farm work.
Rain has fallen on three days of the week,
to the extent of ninety-six hundredths of an inch.
Average
thermometer 55.2, highest 69.1, lowest 41.8.
Mobile, Alabama.—Rain in the interior early in the week
and showery in part later.
Weather too cold. Cotton
planting has made fair progress with some re-planting on
dredths
There has been rain
day during the week, the rainfall reaching one inch
and ten hundredths.
The thermometer has averaged 67,
ranging from 51 to 83.
Montgomery, Alabama.—Crops are not doing so well, the
cold snap having been a retarding influence.
It is turning
warmer to-day.
There has been rain on three days during
the week, the rainfall reaching forty-live hundredths of an
inch.
Thermometer has ranged from 43 to 81, averaging 61.
Madison, Florida.—There has been rain on two days during
the week, the precipitation being seventy-five hundredths of
account of the cold wave of last week.
on
Movement into sight in
Week—
Abilene. Texas.—It has been
mometer has
26,230 1,,000,299
2,121
Including movement by rail to Canada.
56 to 88.
Sept. 1.
424,780
183,416
40,423
83,012
47,925
220,743
146.874
77,333
50,614
.
Total to be deducted-
79
1.958
1.486,020
.
Inland, &c., from South
North,
Corpus Christi, 'Texas.—There has been no rain during the
The thermometer has averaged 72, ranging from
follows:
April 12—■
Shipped —
a
week,
inch.
86.
The
Taylor, Texas.—There has been no rain during the week.
Average thermometer 69. highest 96. lowest 42.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.—We give below a statement showing
are
BY TELEGRAPH.—Our tele¬
graphic advices this evening from the South are, on the
whole, fairly favorable. From some sections, however,
there are complaints that the cold weather early in the week
interfered with cotton, and in Texas it is claimed that rain
is needed to assist seed in germinating.
As a rule farm work
has progressed well.
Galveston, Texas.—-Moisture is needed throughout Texas
to assist seed in germinating.
Dry here all the week. The
thermometer has averaged 69, the highest being 78 and the
one
880
THE CHRONICLE.
[Vol.
The thermometer has
averaged 63, the highest
being 82 and the lowest 44.
Augusta, Georgia.—It has rained on three days during
the week, the precipitation
being one inch and twenty-six
hundredths. The thermometer has
averaged 54, ranging
from 33 to 78.
1907.
1906.
,
Savannah. Georgia.—It has rained
week,
of
1,XXXIV.
inch.
an
the
four
on
days of the
precipitation reaching' sixty-nine
hundredths
inch.
The thermometer lias
ranged from 40 to 79.
averaging 59.
Charleston. South Carolina.—It has rained
on four
days
during the week, the rainfall
being one inch and
an
22
29
OR
d.
s.
7
®9
7 Vi ®9
10R.6
7V ®9
®10 15-16 6
13-16® lOJ-s 6
9
Apr.
9 13-16®
9J8
®
5
12
d. s
10 Vs 6
11
6
10 Js 6
11
6
S
®9
S
®9
S
S
®9
®.9
Cot’n
Mid
8H lbs. Shirt¬
ings. common
\
32* Cop.
Twist.
Mch d.
1
9 13-16®
S
9 15-16®
15 9 15-16®
SJ-4 lbs. Shirt¬
ings, common
to finest.
1
32* Cop.
Twist.
■
Upl’s
d.
d.
6.14
6.24
6.03
6.01
5.97
9
9
9
9
9
to
d.
d.
SR
®
8 11-16®
8R
®
8*4
®
8 13-16®
9
6.03 8 15-16®
0
6.16,9
Average thermometer 57, highest 74. lowest 39.
Greenwood. South Carolina.—Rain5has fallen un
one day
of the past week to the
extent of ten hundredths.of an inch.
The thermometer has
averaged 50. the highest being 62 and
the lowest 39.
Statihurg. South
Carolina.—Sharp frosts
probably
done some damage to
crops and gardens and cot toil reported
to have been
planted by unwise farmers last week has un¬
doubtedly been killed, if up. It has rained on three
days
during the week, the rainfall
being eighty-two hundredths
c»f an inch.
Average thermometer 52, highest 79, lowest 32.
Charlotte. North Carolina.—It has rained on
one day of'the
week, the precipitation
reaching nine hundredths of an inch.
The thermometer has ranged from 31
to 73, averaging 49
have
WORLDS SUPPLY AND TAKINGS OF
COTTON.—
The following brief but
statement indicates
comprehensive
at a glance the world's
supply of cotton for the week and
since S pt. I. for the last two
seasons, from all sources from
which s at "sties are
obtainable; a’so the takings, or amount
Cotton Takings.
Season.
1906-07.
W eek and
IT eek.
\ I si r »1 (-
April 5
Visible supply iv.pt. 1
American in sight to April 12_.
Bom nay receipts to
April 1l'_
Other luma ship’ts to
April J 1.
Alexandra receipt* to April IP
Other supply to April 10.q
_
n.
5,315.459
1 ,784,1 oh
100,847 12,114,436
.
.
Week.
2,111 .POP
12,POO
138.962
66.000
102,000
11,00 o
5R @9
51 2
4
6
6.03
>2
6
6
®9
6.00
7
7H
OR @9
6,10
6.16
Total bales.
2,776
262
45
640
_
10—Rhein, 640
Hamburg—April 5—Waldersee, 515
Antwerp—April 6—Kroonland, -695.
To
To
To
To
To
To
515
Copenhagen—April 10—Helllg Olav,
695'
101
Barcelona—April 5—Bucnos-Aires, 1,000..
*
Genoa—April 5—Konig Albert. 2,079
Naples—April 5—Konig Albert, 679
i
GALVESTON—To Liverpool—April
4—Californian, 11,888
April 9—Bernard. 7,924
April
10—Jura.
11,965
To Bremen—April
3—Inkum, 13.676
April 4—Bran tin
31,777
g-
ham, 7,607...
hlfle, 3,251,
Sea Island
g
To
Bremen—Aprils—Hansa.4.377
To Reval—April
8—Hansa, 300.
;
To St.
Petersburg—April 8—Hansa, 125
To Barcelona—April
8—Lodovlca,
4,286
To Trieste—April
if—Lodovlca, 309
Season.
2,54 3,470
9,470,688
101
1.000
2,079
679
_
.
21 283
600
4.597
19,000
4,441
51
2,775
4,300
2.966
5,708
2,910
..
Upland HO
H
3,351
4.377
300
125
4.286
309
3,407
9,802
BRUNSWICK—To Bremen—April 10—
3,407..
WILMINGTON—To Bremen—April 11 Wartenfels,
2,Poo
Headlands. 9 802
903,000
3. OOP
NORFOLK—To Ham burg—April
2,OOP
6—Arcturus,,. 1,000
224',00(5
13.POP
BOSTON—To Liverpool—April
6—Sagamore, 1,065
April 9—
Bohemian, 3,552: Sylvania, 424
5.598.306 17.328.592 1,757,620
To Yarmouth—April 2—
15.371,158 j
Boston, 50
BALTIMORE—To Liverpool—April
i
5—Vedamore, 295
To
Bremen—April 10—Witte-kind, 397.
5.268.332 5.268,332 4.500.779
4.500,779 ‘ PORTLAND, ME.—To
SAN FRANCISCO—To Liverpool—April 6 — Dominion, 370..
Japan—April 2— Coptic, 1,360
329.974 12.O' 0.260
256.811
April 10
Total supply.
d.
5.78
5.97
5.77
5R
®9
NEW YORK—To
Liverpool—April 9—Ccvic, 2,776
To Hull—April
9—Mavtello. 262
To Havre—April 6—St.
Laurent, 45
To Bremen—April
4,325,658
lofj.POP
0
;«
12—Garscube, 2,966
PENSACOLA—To Liverpool—April 6
—Gracia. 5;708
To
Havre—April 6—August Belmont, 2,910
SAVANNAH—To Liverpool—April 11 —
1905-06.
Sea so
5
To St.
Petersburg—April 11—Bray Head, 600
NEW ORLEANS—To
Belfast—April 8—Malin Head, 4,597
To Bremen—April
10—Indian, 19,000...
To Hamburg—April
6—Monviso. 4,441
To Rotterdam—April 8
— Brantwood, 51
To Antwerp—April
8—Bellena, 2,775
To Trieste—April
12—Garscube, 4,300
To
Venice—April
period.
d.
5
s.
AVt @9
4 R ®9
4H @9
6
6
6
SHIPPING NEWS.—As shown on a
previous page, theexports of cotton from,the United States the
past week have
reached 145,SSO bales.
The shipments in
detail, as made up
from mail and
telegraphic returns, are as follows:
„
-
gone our of s’ght. for the like
d.
6
1
10
®10 U
thirty-nine
hundredths.
s.
9H
9H
9*4
9H
97S
Corn
Mid
Upl's
finest.
2,018,000
206,000
775,000
356,000
...
—
1,000
5.641
50
.........
Visible S'.’pP'” Ap’il 1-
,,4
....
'Total takings to \p:il
(U whic-h Acjej-icaii.
(if wL'ta other
251.974
78,000
9.21*1.260
2,839,POP
leaces receipts in i crone from
Brazil
c
INDIA
CO'JTON
MOVEMENT
196.841
60.000
Smyrna
1
Sept. 1.
(
Week.
S'pt. 1.
I Y<(k.
Since
Sept. 1
'
Bo;*.
'06 oOO
2.111.000
66,000 2.018,000
74,000 1,804.000
J
i
J-'er the
Exp
f'n:i
JiriVnrt
lire- b; y
]906 07.
1904 <>5
Calcutta
rant.
Britain.
.fi'ih
8"
5.000
,000
j 3.900
5-, 000
,000
0)0 o
O00
.000
1 o .ooo
-
Madras
1 900 07
1905 06
1904 05
Ail others
1906 07„
1905 00
.000
1 ,000
6,000
.000
7.000
38.000
766.000
000
A LEX A NDKIA
46,090
1 4,ooo
533.009
213.990
•5 (10(1
5 (KM)
1 .000
82,000
7<LOOO
17,000
3,000
2.000
19.000
22 .090
34 ,000
2.000
36,000
12.1)00
14 .000
,009
579 ,000
227,090
86,O00
75,000
18,000
7.000
8 000
77.1)00
1 0.000
7.000
84 .000
85 ,(>00
86 ,<>*)<>
95,000
93,1)00
7,000
8
9,000
94,000
21,000
12,000
24.000
944 .000
63.000
12,000
722 .000
24,000
328,000
REGEJ RTS
ll'
C'
1906 07.
_
A ND
91 6,000
785,000
352,000
SHI RMENThL
...
_
_
68,000
269,ooo
213,000
.
...
!
;
Tlx* tone of the
2,1*00
Liverpool
.2 18.1)00
1 37,000
1 ,258,000
1 ,1 30,001)
89,000
112,000
83 ,000
mar ket.
ho
Saturday.
Monday.
Quiet..
Moderate
demand.
'Tuesday.
i
1 ,000
1 .000
2n,0*K)
p -l ,000
1 ,229.*'00
1.111 .0*1*1
85,000
71 ,000
227,000
166,000
each day of ih** past week and
spot cotton have been as follows:
Spat
33,000
18,000
83,000
7,000
50,000
,
Apr. 12.
69',< 00
7,1 00
1 ,000
4 ,000
24 ,000
,000
82,000
1,216,000
1,098,0')*)
101,000
.
72.00()
280,000
262 .000
234 .000
2 1 6,000
for spots and ful ur< s
|)i :e< s of
daily closing
l Vtd'day.
Thursday.
Friday.
(loud
More
demand.
huHinesD
Market,
12-15
J*. M
.
Mid.Upl’ds
Sales
Spec. Au-xp
Futures.
Market
I
njx'lie.d
• iood
demand.
Lanrc
demand.
0.03
0.08
0.05
6.07
6.12
5.000
500
10,000
30*)
10,000
10,000
1 ,000
14,000
2,000
190506.
1904 05.
20.000
5,810,473
135,000
5.744,41 1
Quiet at
.
Market,
4
J'. M.
_.
.
.
1 4 .000
.
6,772.884
\il
J
1 lie
below.
(fillet
i
point
decline.
I
1,000
at.
Steady at,
point
1
point
advance.
advance.
Quiet at
1 <il I A
ptW. dec
pric*
7 hit)
jExport 4 bale*
To
week.
Liverpool
To Maneneater
To Continent
To America
172,752
1 1 .250 287 ,906
2.500 98 4 37
A
<
aatar is 98
..
This
Since
fit*p, J.i week. Sept. J.
1 .250 177.387
..
.
'J'otai expoi is
Since
15,000 736,482
3.250 184,156
147,341
9.250 263,252
750 63,792
13 250 658.541
7his
week.
Since
doing.
6
Id
Quiet at
2 pt«. dee '</
1 pt adv.
Steady at
4<>!i5 plrt.
advance.
15,000
2.000
,
Steady at
4 pnintH
Steady at
1
point
decline.
decline.
Quiet at
1 'i ((i '3' a
pin. dee.
Steady
at
I (a 2 pt*.
advance.
Steady at
Firm
3«06 pt*.
1
advance.
pt*
at
la ryj3 !-j
adv.
22,250 598 092
lbs
MANOHESJ EJ< MARKET. <)m r<
port receiv'd by
cable to-night from Manch* ster
stales that
the market.
is firm for yarns and
quiet for shirtings. J he demand
for both Indja and China is
good.
We give the pn<*i s
for to-day below and have
ihose for previous weeks of
this arid last y« a/ for
comparison.
,
of futures
Liv**ij)ool for ouch day lire given
Uplands, Good Ordinary
at
the bass of
unh ss otherwise stated.
are
on
The prices are given in
pence unit loo ths.
Sept. 1
5.000 176,712
5,000 J 18,222
10,500 244.4 52
1.750 58,706
s
J Vices
clans*',
1 J
Apr. 5.
37,00(1
600
2,000
47,0*)0
.
Total
Mch. 27.
28.000
ipit (can tarn </)
Thin week
Since S»-pt. 1.
a
52,<><)•>
1,000
Of which speculators took.
Of which expojters
topk...
Sales, American
'
52 .000
Alexandria, Egypt,
April 10.
.bales.
..
stock- I ntimated
which American
! st.
S Total
import of the week,
l
Of wiiici) American.
i Amount alloat
Of which American.
80 }
-
OOO
.
Of
Tola l.
* 6.000
8
_
1904-05.
1 906-07
1905 00.
1904 05.
Mrlt. 22.
Sales of the week
Forwarded
*
(
oral
n< m.
LI V ERROOL.—
By cable from Live! pool we have the following .statenu nt of ihe week's sal* s, st ocks. Arc.,
at that port:
Actual export .A
S'pPnpjir 1.
(Jri at
Total.
145,880
.
~s
1906 07.
190.7 06
1904 05
Total all
Sir ej
Conti-
1 Or ft
5 0' 0
O'.15 06
j
Wuk.
2,970
...
Total
The ( xporbs to
Japan since Sept. 1 have been 188,454 bah s
fiom Pacilic ports, 10,000 bah s
from Galvusion and 1,137
bah s from New York.
Ac.
1904 05.
Si no
iYnk
8,175.379 1
PORTS.
1005-06.
370
Hong Kong Maru, 1.610.
-
2,695,000 j
West Indies
FOR ALL
I
10.870,379
295
397
..
Sat.
April
Mon
6
to
12
April 12.
R ;i2 Vi
p.m
Tilth.
4
R ill
p.rn. p.tn
p in. p.m
it.
Apiil
Apr. May
May June
June July
July Aug
Aug. Sep
Sep. Oc t
!
9
5
...
d.
d.
67
63
171
64
*.a 69
64 * 3
69
63
66'
3
5
3
61 *3 65
58 R61 '
56
.
3
53
54
58'
52 ‘3 55
52
52
5
5
'I
63
.
()et. Nov
Nov. Dec.
Dec.. Jan
Jan
Feb
Feb Mch
4
,54
54
55'
3
53
3
54'356 '
Thus:
5 63 means ft 65
Wed.
Timm.
RR, 4
p in
1
3
(/.
69
67
>67
*3 64
*3 62
‘
3j58
•a 55
n J
I
53
54
(i in
(/.
72
69
(t.
75
70
la 73
j73
65
68
63 'a 66
60
.62
56 > 4 50
62
59
53
la 5ft
ftft
*57
IA ft
54
54
'VI56 *3
R 56 R
57'3
58 'a
'3 51 ta 53
>3,51 !a
Prl
12
p.nu |
!
.
I Odd.
53
54
55
!6ft
Art
57
66
'J 68 '3
E;64 '3
'61
Apr. 13
1007.]
THE CHRONICLE
late and cash prices have advanced.
To-day prices advanced
owing to the rise in wheat, predictions of a cold wave, bull
manipulation and covering of shorts. The trading was ac¬
BREADSTUFFS.
Friday, April 12 1907.
stationary as a rule
during the week, with the trading stagnant., Kansas mills
are said to be asking advances of five to ten cents, owing to
the continued dry weather in that State and the advance in
wheat.
But quotations are to a large extent nominal.
Reports from all the principal milling centres of the country
are of a decidedly unsatisfactory character.
Exporters have
continued to hold aloof from the market, and the clearances
from the seaboard for Europe have been extremely light.
Corn meal and rye flour have been dull and steady.
Wheat has advanced, mainly owing to reports of damage
to the crop in the Southwest by dry weather and green bugs.
Some damage is also said to have occurred in parts of Kan¬
sas, Nebraska and Missouri, and these reports have been
sufficiently persistent to have some effect, though some of
the advices have been of a directly opposite nature.
The
Government report on the 10th inst. was regarded as bullish,
though it stated the condition of winter wheat on April 1
at 89.9%, against 89.1% on the same date last year and 85.3
as the ten-year
average on April 1.
The opinion of not
a few was that the
report, as it could not take account of
the damage which has been done since April 1. failed to show
tive and excited.
Prices for wheat flour have remained
the real state of affairs.
Bulls assert that this has been seri¬
and though the damage has possibly, as usual, been ex¬
aggerated, it has caused a good deal of covering of shorts
and encouraged not a little buying for the rise, despite the
fact that local statisticians interpret the Government report
as pointing to a
crop of 493,974.000 bushels, against 492.888,000 bushels, the final figures last year. 428,462,S34 in
1905 and 332,935,349 in 1904.
Some of the crop reports
from Spain have also been unfavorable, though it is
to be
remarked that these, too, have been contradicted.
There
have been complaints of cold weather in Germany.
Some
private reports are to the effect that the Russian crop is not
in as good condition as some had supposed, and others are
to the effect that the purchases of Durum wheat in this
country for export to Europe are likely to be very large
during the present year.
Latterly, too. the foreign'markets
ous,
have advanced somewhat in response to reports of damage
in Kansas, Oklahoma and Texas, as well as Missouri and
Nebraska.
But, on the other hand, the export demand
has been small, the Northwestern receipts have continued
large, stocks there
are
still increasing and the flour
t^ade is
dull.
The increase in the world’s available supply last week
amounted to 4,534.000 bushels, as against a decrease for the
same week last year of manly half a million bushels.
The
world's stock of wheat is now stated in round numbers at
100.000.000 bushels, or some 10.000.000 bushels more than
3’ear ago.
To-day
weather in Kansas,
prices again advanced, owing to dry
damage reports from the Southwest,
predictions of freezing temperatures over the winter-wheat
belt, covering of shorts, an absence of selling pressure and
general buying.
a
DAILY CLOSING PRICKS OF WHEAT EL’TERES IX NEW
Sat.
No. 2 red winter.
.
_
.
_
May delivery In elevator. 1
July delivery in elevator
September delivery in elevator.
May delivery In elevator
July delivery In elevator
{September delivery In elevator
has
been
rather
quiet.
.
Mon.
83 9
8 4
86
85 *■»
So
*•>
.86
86 G
*s
86 *3
*2
_
86
Tins.
83
8
V,
87
YORK.
Wtd. Thu rs.
S4
1
Fri.
85 <
*<
DAILY CLOSING PRICES OF OATS
Sat.
45
86*2
86
86 ’
87 !
67 1
87
•>
S7 q
W11E AT FU TURK S IN CHIC \GO.
Sat.
Mon.
Tuas.
Fri.
Wed. Thurs.
76
77 K
77 N
77 ?<<
79
,76>4
.78 S
79 4
79
79 q
78 7 8
.78*
81 q
.79
* ■»
80 \s
SO
81 G
81 Ls
82 q
79 *3
adv;meed. though the tnriding
Thto lit arket, how ever. has been
react h of w heat and ■oats.
The
leading Ghicago into‘rests have
:
hav e eovt ‘red.
Mot •cover the
NEW
YORK.
Wed.
46 *2
Thurs.
DAILY CLOSING PRICES OF NO. 2 MINED OATS IN
Mon.
Sat.
May delivery In elevator
July deli- e v In elevator
September deliv< ry In elevator
The
following
are
Fri.
42 H
.37 4
33
Tuts.
CHICAGO.
42 7*
42-p
Wrd. Thurs.
43 4
43*,
38
34
38
39
4
H
34
T
39
34
Fri.
44*4
Jt
4
34 ‘
33
s
H
closing quotations:
FLOUR.
Low errades
Second clears
Clears
S2 75 ®$3 loi Kansas straights
2 90 ® 2 95] Kansas clears
3 25 ® 3 50' Blended patents
3 65 ® 3 75] Rye Hour
3 85 ® 4 15 j Buckwheat Hour
3 75 ® 4 00 Graham dour
3 70 ® 3 80!Cornmeal
Straights
Patent, spring
Patent, winter.
Kansas patents.
Hard
S3 50 ®J3 f5
3 00 © 3 2n
4 f O ® 4 95
3 65 ® 4 15
2 10® 2 15
2 90.® 3 75
2 70 ® 2 SO
GRAIN.
-
Wheat, per bush.—
N. Duluth, No. 1.
N. Duluth, No. 2.
Red winter, No. 2
Corn, per bush.—c.
91I
No. 2 mixed
f.o.b.?, 7
f.o.b.9-,! Vi
No. 2 yellow, new
f.o.b.M1*
f.o.b.85 4 I
No. 2 white, new
f.o.b 36
f.o.b.88 V! Rye. per bush.—
No. 2 Western
Nominal.
|
48 ©50
I
State and Jersey
Nominal.
2."
47
Barley—Western
Nominal.
c.
“
Oats—per bushel—
No. 2 white
No. 2 mixed
No. 2 white, clipped..
.
49 ©51
Feeding
i
Nominal.
The statement of the movement of breadstuffs to market as
indicated below are prepared by is from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturday and
sdice Aug. 1 for each of the last three years, have been:
Receipts at—
Flou~.
Wheat.
Carr..
Oats.
Barley.
5>.
bb!s. 19 Mbs. bush. 60 Tos. bush. 56 lbs. bush. 32 lbs. bush A'lbs. bu. 56 lbs.
Chieacro
228 753
129.520
2.396.1 >3
1.937 758
491.721
55.669'
Mi w.iukee.36.400
166.000
138,000
291.400
33.8 600
17 100
Duluth
13.000
1.054.274
11,080
214,999
3 095
Minneapolis.
Toledo
Detroit
Cleveland
.
_
-
St. Louis
Peoria
Kansas
.
4.000
1.3 17
56.460
22 350
City
Tot.wk/07
Same wk. '06
Same wk. '05
362.310
336.367
241.0.54
2.204.430
2 r .ooo
7.8,496
36,744
21 >.235
5,400
504,000
147.020
88.000
106.051
75.802
949.990
21 >.900
456.000
4 41>.099
2 813.100
2.204 254
4 575.946
2.71 >.026
4.957.119
539.400
202,0.80
36.550"
61.100
1 200
37.885
131.516
2 000
49.400
71,000
>97.600
187,500
15 0C0
.3
117.900
4.213.139
4.232 »2
2.789.227
I 369 ,>00
953 24S
994.4>4
131.594
7> 5! »
!«) 480’
Since Aue. 1.
1906-07
1905-06
1904-4*5
14.S33.S4 4 l >2.293.891 151257.419 i 47.545.678 56 660.363 6.I>4 747
14.272.200 191 467.>90 135.551 717 170 234 939 67 Lt>.Oi5n 6.642
12.388.625 t75 706.090 143 288.235 125.045 ■8**3 56 527.071 5.U 11 5 4 L
--
..
-.
a
•
Total roov2 p’S
the wo.k o'i ldcd
Receipts ai—
New York
Boston
.
Portland
.
Philadelphia
Newport News
.
.
.
Wheat.
’>ush.
498.000
763.22*)
1.5<*0
104 952
1 >6.075
2S 022
Orleans, ts.
Galveston:
Montreal
Mobile
St. John
6> 400
i Ooo
.225
1-0.179
'42 37 4
!) 102
47.54 1
7 4. B'o
5.>04*
1.2 41.515
L 502.17 3
>6 3-».;
>7
17 L
-
1.902 106
-
-
11
-
2 .360 >58
1 .200.200
1.050.57 7
>;>C-
2 6'00
22.0*'0
2.381
427,IdS
25. IMS
1
72
1 L
46 7
.
145
1
t*J4.25>
Li
—
on
Receipts do not include
through bills of lading.
as
Total receipts at ports
follows for four veais:
a
Receipts of—
Flour
-bb!s_
Wheat
bush.
Oats
....
Barley
Rye
..
2 ruin
passim: through
New «0neans for
from Jan. I to April
1907.
5.1st-420
19064.3 48.098
foreign perf>
v compare
1905.
3.642.25 4
1904.
5.689.S3l
19.494.337
4.838.8*24
13.310.928
44 29K .062
300 302
54.336.288
24.739.588
5 332.320
462.116
24,925.434
11.46 1 670
1402 415
395 307
73 711.621
104.264.649
61.812.378
20.224.017
38.933.680
12-584.705
t .668.917
..
Total «raia_
r*
.
•;9 60<>
114.04 *<l
>9 105
f'.
I
J
9 2**4
12 > 572
157 7**o
415 .>25
33l.2‘o l
...
65-4.001)
.
'‘.iS/l.
10.264*
....
.
ush.
>u
7
TaCy.
20.700
4.4 *5
5 <7
.
Cats.
b iish.
>.150
7 64>
.
Total week
Week 1906..
Cam,
bush.
621.35'*
2t 9.665
17.153
.
.
the scab-•* ard por> :<*r
510 29*>
37 .y jti
.
New
_
Flour.
bets.
174,905
7^.>77
56.113
...
Baltimore.
Richmond
and g;; Ll.'ll at
1907 follow:
of ff‘ our
Apri 1 t>
-
..
s
88
89
IN
Tucs.
46 U
Mixed, 26 to 32 lbs..
46 L
46
47
clipped,36 to 38 lbs.49-51 49 ;$-51 *•« 49 >4-51 '*> 50-52 50-52 51 W-52 H
87's
s
Mon.
White
—
86 * i
881
10.136540
2-390.555
145,397
51
495.752
.
cash markets have advanced, with the demand fairly active.
The receipts at Chicago have been small and have included
little contract corn, a fact which has tended to check
selling, especially as the stock of contract grade at Chicago
is light
To-day prices advanced, owing to the rise in wheat.
reports of unfavorable weather for plowing, covering of shorts
The exports
from
ending April t> 1907
4V ht til,
very
.
and bull support.
N't
Sat.
corn._
May delivery lu elevator
July delivery In elevator..
New York
-.36
34 4
54
U
54 4
.54
Mon.
56
54 -Si
34 \i
Tues.
56 4
54 \i
54
G
YORK.
Wed. Thurs.
57 *.»
57
55
54
>4
53 q
53
55
Li
Fri.
57
56
Philadelphia
Newport News
New- Orleans
are
....
Galveston
Mobile
St. Jehu, N. B
Flour,
'ibis.
91 78 4
l 500
22,080
71.633
29.384
7 6-48
May delivery In elevator
July delivery lu elevator
September delivery la elevator
Sat.
46
46
46 *,.
46 q
Fir: CURES
Mon.
46
46 U
47
lues.
46 N,
46
47
"*•»<
IN
Frl
47 q
47
q
48
q
Oats for future
delivery in the Western market have adIVices have made new
the trading active,
vunced, with
high records for the season under the stimulus of reports of
damage to the crop in the Southwest, from thought and
green bugs.
In seme sections the crop is said to be a failure.
Beading Chicago bulls have acted aggressively at times and
shorts have covered, freely,
the receipts have been small
and tho stock of contract grade at Ghicago continues light.
Eastern shippers have been buying cash oats at Ghicago of
Elre.
bush.
339
337
347
25.198
3.000
98.800
The destination of these exports
July 1 1900 is
as
Barley.
bush.
PtiU
1
bUS/l.
4.611
1.725
8.571
60
11343
ViiUlwwk
760.072 3 095.059 275.2815
162 404
time 1906--1.013.100 3 071 376 2 45.436 l 4-49 47 8
CHICAGO.
UVti. Thurs.
47 q
46 Ito
47 W
47
47 S»
47 >4
)tU3.
bush.
42.3-40
9.294
(
23.370
...
corn
he week
shown in the-annexed statement:
Chorn.
(rush.
955 590
205.247
104.952
144.802
126.706
188.382
113.000
40.000 1.064.034
128.572
900
210.048
64.000
208.173
213.55 4
57.171
Fort laud
lUxiton
Baltimore-
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW
Crtsli
bush.
Exports from—
he several seaboard
11.143
6.336
23.7 1 4 241.764
2 509
..
for the week and since
below:
_____—14 heal- ---—
—<.brmSince
SZWvt
Week
Wetk
July 1
July i
Wtvk
July t
Ayr, 6.
1906.
1906.
1906.
April 6.
April 5.
bush.
bush.
bbls.
bbis.
Slash.
bush.
145.972 4 7'20,917
502.866 38.408.21 4
684,923 24,911,009
68.47S l 978.65 4
251 924 34.706.511 2.123.ni5 29.906.400
3 150
20.S33
30-4. ‘hkt
614 527
212033
750.61 >
34 139 1.192.980
10.547
1.549.431
73.560
5,000
67 890
60. Kh>
307»
3.132
1.378
156.918
379.935
162.385
5.7*54
FU>i*r-.
‘
8 uuii
Exports ,'or
and
since J uly t to- ~
t'uttvsl Kingdom
Coutinout
Sv». aud Cent. Amor
West ludieH-.
Hrit. No. Am. e\>ls
Other countries..
_
.
t'oh4l
IVtal 1905-06
.
—
.
.
.
.
760.072 73.817.270 3.095,060 57 647 730
273.2.81 S. 734.405
245,436 5.483,913 1.013,100 43,310,977 3,071 376 98,035.008
882
The
THE CHRONICLE.
visible
supply of grain, comprising the stocks
at value.
“
Wheal,
Corn,
bush.
Oats,
bush.
1,114,000
Rye,
bush.
370,000
bush.
1,000
363,000
130.000
2,042,000
241,000
226,000
32,000
5,000
110,000
145,000
135,000
1.147.000
.
atloat
Boston
413.000
522.000
311.000
278.000
706.000
Philadelphia
Baltimore
Xew Orleans
Galveston
Montreal
Toronto
Buffalo
afloat
Toledo
afloat
Detroit
afloat
.
4.000
1,000
06,000
10,000
188,000
453.000
194,000
655,000
657,000
18,000
295,000
305,000
43,000
17,000
2,000
9,819.000
2.192,000
1,082.000
715.000
142,000
546,000
239,000
594.000
26,000
6S0.000
1,000
846,000
180.000
760,000
2.0S4.000
326,000
745,000
3.222,000
289.000
51.000
78.000
S52.000
10,000
3.669,000
224,000
161,000
818.000
345,000
172,000
1,022,000
139,000
177,000
485,000
207,000
“
.
“
.
"
afloat
Milwaukee
afloat
Fort William
Port Arthur
afloat..
Duluth
afloat
397,000
70.000
4.186,000
4,187,000
490,000
8.441,000
221,000
-10.0S3.000
.
-
Minneapolis
St. Louis...
afloat
Kansas City.
Peoria
.
“
.
Indianapolis
.
Total
Total
Total
Total
Total
Total
April 6 1907.-49,659,000
Mch. 30 1907.-47,207,000
April 7 1906.-46,322,000
April 8 1905.-31.696,000
April 9 1904.-31,180,000
April 11 1903.-40,164,000
men’s and women’s
wear for fall has been well
sustained.
indications are that high-class clothiers are turn¬
ing to fine grade fancy worsteds in the belief that fancy woolens
In men’s
55.000
River..
On'Lakes
On Canal and River..
9.000
11.995.000
11,977.000
9,260,000
8,980,000
9,599,000
9,179,000
9.218,000
9,396,000
19,673,000
15,614.000
10,342.000
6,679.000
r
-Vciv York.
1.353,000
2,417,000
1,441.000
2,045.000
1.263.000
945,000
1,039,000
2,349,000
staples, meltons, kerseys; oxfords and friezes, while fancy
overcoatings in medium and heavy-weights in grays, browns
and mixtures also show
improvement. On heavy-weight
suitings, however, clothiers have been inclined to hold back
supplementary orders for this fall in expectation of lower
prices. There has been an increased call for dress goods
for fall; heavy-weight materials are
firmly held and some
lines show substantial advances.
Staple cheviots, serges,
wool suitings and plain worsteds arc* well under
order, while
plain panamas and piece dyes are well situated. Fine grade
broadcloths continue in strong request for fall and winter
1907.
Lines of dress goods for the present spring
season are
3,149,000
2,756,000
3,013,000
1,662,000
Friday Night, April 12 1907.
much stronger tone has
developed in the dry
market this week, the increased
activity in forward
ing being
goods
purchas¬
noteworthy feature. Inclement weather in the
of the week restricted jobbing trade in seasonable
lines, especially prints and wash fabrics, but the lull was
only
temporary. Retailers continue to press jobbers for deliv¬
eries now long overdue of goods
urgently needed for their
spring trade. Out-of-town merchants have been re¬
ordering freely for summer requirements, and manifest a
willingness to pay high prices for early shipments; stocks
in practically all lines, however, are so well cleaned
up that
it is exceedingly difficult to secure
spot or near-by deliveries,
even
by paying premiums. Reports from credit sources
have been more satisfactory, while the
improvement in the
monetary situation and outlook has also been an important
factor, especially in forward business, since
buyers now show
less hesitancy in covering fall needs; on the other
hand,
many sellers are unwilling to book large future orders in
some lines until deliveries
improve. Selling agents are al¬
ready -bowing fine cotton goods for spring 1908; the unusually
early opening of these lines is due to the fact that the 1907
product- of mills are entirely sold up: cutters-up have been
inquiring for 1908 goods and appear willing to operate a year
in advance so as to assure
satisfactory deliveries. Demand
well cleaned up.
a
fore part
at
both first and second hands for knit
goods has further
deplete/j stocks and emphasized the pronounced scarcity of
these good.-, especially
spring and summer underwear.
Supplies of hosiery in the secondary market are reported
practically exhausted, with little prospect of additional
shipments from mills: tan shades are in particular request.
There i- a steady call for woolen and worsted dress
goods
for fall.
.Silk piece goods are in unabated
demand, scarcer
and tending upward.
Linens: show little,'if any, change.
Export trade continues very slow..
DOMES'! IC COTTON GOODS.—The
exports of cotton
goods from this port for the week ending April 0 were; 2,090
packages, valued at $190,090, their destination being to
the points specified in the table below.
3 907
New York to Ajrril 6.
Great Britain
Other Buropean
Week.
34
68
China.
Jndla
Arabia
Africa
West indies
.
_
...
_
.
.....
...
.
Mexico
Central America
South America
.
Other countries
Total
.
~
.
..
.
.
.
.
.
406
68
246
822
.
..
.
...
'J he value of tin
se
"2,060
FOREIGN DRY
eds continue to
238
6 191
Week.
95
31
2
1
415
4,022
14,733
2,989
6,910
4 1 5
700
22
4,736
13,877
1 1 ,547
279
666
66,695
428
2,354
Since
.Jan. 1.
3
©
to
c
CO
o
r
SO
© n
n
«
-r Cl © ©
—
CO
© -P
? 1
T
IC
ri
© lO
1.0 ©
-p
© -p -p
O
O
oc
I— lO P- p»
rH © M
©,i(0
o
X
CO pi
it
X
X
o
©
to o <£ o -p
cC Cl rH
CO
-r CC -p
CC
© CO
1.0 rH
T CO
CO
o
t-
1^
CO
© CO
-rp
Cl
T
©
rH
M C4 rH
^1
355
r->
X
5 3 0 © ©
CO © 1(5
to
~
«o l— CJ © ©
—
*t n CJ "T
P
7/
CJ
1—4
X
cO © CO -P CO
r-<
Ci CO Cl 1lO © © *T rH
© CC
©
1^*
!>• lO
CO
~r
-x
H
©
o
oo
CJ
oC CO lO ©
©
*TI'« CJ ©
CO Cl — -T ©
© CO lO ©
CO
-Sv* co
©
©•
©
rJ
©
C
^
i- x
M
eo fl lO C|
© X *T CO
co ico r4
© -r
i.O
© CO o CO
© CO
© -p
CO
CO
lO
CJ
CJ
eo
*T
CO
rH
1.0 lO
rH
X
—
.
a
z
CJ
rH
!-
73
SI§
T -p © '/.
© © »- ©
© CO K0 ©
CC
*—1
Cl
I-
U2
^
X
rH
©
*P
rH
CO
© © CC I'r 1/0
rp
© © r- oo
^
-V
7. ^
CO
©
r-*
to
O
X
pH
T ©
lO
I-
rrP
GO o © ©
rH
©
•P
1.0
co
| o
rH
CO
i- rP
o ©
CJ CO
© CO
PJ
rH
o
o
X ©
CJ
rH
© irH
X
*® © © © *->
<->
C| Cj ©
1/5
^
©*
ri
71
r.
MmC t
rf
3
--
*5
« ,<3
id
©
C ^ »-
IT
C5 I- ©
X
1-
© I- cO
w
rH
rH
©
CJ
CO pi
©
r*H
rH
© X
O
© CO M 00 ©
30 © I- © 00
CO © co rp
©_
y,
\n
KO
I- rp
C\l
rp CO
pi -T
00
© ao
iO
M
CO
?!
i®
a
l1.0
a
o
—i
Cl
ci -r ©
00 © I- 13
© rp to ci
(O if H O 3
w
rp Cl
H
x
T
<
£
© C|
I- co
rf
rH
13 00
rp ©
rp ©
ri
c) N
co ©
© co
© ©
00 ’if
-p ©
T—» 1,0
H
© I—
rl
ri
rp
X rf ri © X
© rco ©
©
ri
If
*P_ 00 co
I- *T
10 © 13
© C|
t3 00
I - i(5
Cl ©
C| ©
OO I- © I- r-1
© Cl ri ri |i
r-t © ri
ip Cl
•rr <c cc © ci
cJ 1- C| © O
iT C|
i,5 ©
(fj !■» t-
I- rf> © co ©
CO © ■©
co
T~>
© ci «o
I-
C l
if
w
CJ rf © 00 C|
« O Cl If I-
’r->
O
X
w
Cl
I
©_ ©
© 13
00 Cl
f| H
© ©
^ on-iif
3) 0O ri « if
ri U5 ri «C C l
© ip
©
w
ri
© -T
x
I ©
©^
| I/O
w
H
CO
I
W
©
Cl
rp
© ip
Cl
h
•
0
X
1
o
o
a
•73
is
jo
hands, and only
accepted, lilcuched
3
0,
CS
*
g
s
g
22
a
o a
^
•3 1.3
I' ©
acO'f
a
13 rp
© "I*
if C|
oo o rf ©
mo
o rp
© ©
rf I- I- ©
73
X
■c
©*
CO
O
^
1/7
©CO©‘3l-
7j
rp
X
co r- © co «p
1/5 © C l CO
n ao cO ® 'f
>
rH
1.0 I— lO
73
CO
to
Oi
© ri
CO o
P
-r
00
pi
ac —
^
-r t- CO lO 00
X © -P 00 CO
CO iO © ,rr M
rH ©
t- X
w
©
ci
&'i
.5 ©
rH
lO
x
© © I- CO
C C
*5 C
© 00 I- Cl «<0
H
X
©
© i-O
ii
_
©
<£>
Cl
I. h O
I- © 00 i.O ©
i» ci ic
ri
rp
©
LO
CO
K
W
©
1.0 O
e-<
h
rH
CO
s
©
«
X
HTflllf
rH
th
X
Q
I- KO © ©
rj
j>*
©
© -i
X e-1
fi
i.O
CO © M
o »o 00 rH ©
I- OO CO © i.O
P
73
© X
C5
iO li CO CJ o
rP lO X CO X
f:
o h a o
r-
rp
*r«
■h
o CJ
OO
1
r-l
CO
Cl
o
©
o
© © Cl O -p
Cj I>- © o
© © ?H CO CO
—
CO 00 1CO i.O CO
©
o
M © I-
lO
«r
15,789
4,399
a portion of the* business
tendered can be
good.- are firmer. An exceptionally good business has been
put through on cotton dress good.-- for the
light-weight,
season, and the attention of-agents is now directed
mostly
to fall line- and advance business for the
spring
of J998.
Erinls have been sold in
large volume and furt her lines placed
CI
rH
blocks of fine and unbleached cottons and
fancy wash fabrics
have been reduced to a
very low level in first
© CO o 1.0
© © Cl eo T
© n r-t
GO
-p
z
z
Q
since Jan. 1 has been
$1.170,:m in 1907, against $ 1,205,0.07 in 1900.
There has been an increased
inquiry for domestic cottons
this week, the demand J or
staples, such as sheetings, drills,
<fcc., being stimulated by the approach of tin; summer
season,
when deliveries are apt to be more uncertain
than at present,
,
0 © Cl
/,
n o rj o
© -jo © —1
r
T « iC
2,548
6,723
75,208
possible,
of 1908.
importers are being urged by buyers to forward substitutes
original orders cannot Be filled. Under a very active
demand, burlaps are still advancing, and supplies, particu¬
larly of light-weight Calcutta goods, are about exhausted.
Importations and Warehouse Withdrawals of Dry Goods.
X
New York exports
worst¬
in
where
8,636
623
4 ,698
move
the primary market to secure additional
goods, if
and to cover requirements for fall and the
spring
361
565
27,136
3,730
GOODS.—Imported woolens and
satisfactory volume, heavy orders
having been placed especially for broadcloths. Linens show
no improvement from the
buyers’ standpoint. Stocks are
unprecedentedly low and great difficulty is experienced in
obtaining prompt shipments. Business is naturally re¬
stricted by the shortage of desirable
goods; buyers are will¬
ing to pay the exceedingly high prices, but supplies arc not
available.
Heads of linen departments have started for
——1906
Blncc
■Jan. 1.
752
wear
have been given too much
prominence; and the progress of
this movement will be
carefully watched.' A somewhat
stronger business has been done in overcoatings in plain
16.000
THE DRY GOODS TRADE.
A
Indies, but
asking prices are claimed to be too high. A sale of cotton
goods for Siberia, the first direct shipment from here to that
market, is noted.
WOOLEN GOODS.—Trade in woolens and worsteds in
152,000
‘
from
Red Sea ports, South America and the West
.
*
*•
Mississippi
from China state that stocks in that market are
sufficient for
several months.
Some inquiries have been received
.
“
On
60.000
238,000
•*
Chicago
bush.
04,000
102,000
.
A
Nord ginghams for fall 1907.
Barley
23.000
903.000
83,000
765.000
_
LXXXIV.
price of 10}4c. has been named on Toile du
The print cloth market has
shown greater activity; there has been a
stronger movement
of narrow goods, while converters showed renewed
interest
in wide goods; they have been
covering needs for the first
quarter of 1908, sales of 39-inch, 68x72s, having been made
at 6\4c. for January-March
delivery, and other constructions
on that basis.
The increased demand is due
largely to the
unusual activity in prints.
Linings continue remarkably
active and scarce; kid-finished
cambrics, silesias, sateens,
percalines, Ac., are well sold up practically unavailable for
spot or near-by delivery. The.shortage of white goods is
acute.
The export trade has been extremely
quiet; advices
m
granary at the principal points of accumulation at lake and
seaboard ports April 0 1907, was as follows:
Xew York
[VOL.
oS
H
d
ei
H 53
13
a
2c n
a
£
o
£
§
^
u
a
£
'S
o
3
*3*
h S
a
6
S
O 4/
5
o
h
a
a
w
amount advanced by them for the use and benefit of the State Institutions
of learning with Interest thereon at the rate named In said bond.
Section f>.
All Acts and parts of Acts In conflict herewith are hereby
City
gW£
repealed.
Section 6.
to-day’s issue of the ‘‘Chronicle'7 we send to
subscribers a new number of our “State and City”
With
our
section revised to date. .This semi-annual publica¬
tion is issued this time in
April instead of in May,
owing to the contemplated removal in the near future
of
our
offices to
a new
building, involving
very
exten¬
preliminary work in preparation for the transfer
of type-setting plant and other machinery. The next
number of the “State and City'7 section will appear in
sive
November.
Among the editorial discussions in the present issue
will be found
an
article
on
“Wealth, Taxation and
Population in the United States,77 dealing with the
statistics contained in a recent Census Bulletin, and
Sales of 1906.77
The latter is accompanied by a full page tabular state¬
ment showing
the bond disposals for the twelve
months by States and geographical groups and ac¬
cording to rates of interest and purposes for which
another article
on
the “Municipal Bond
passage
General Fund
are that
moneys in the
be received for the
hand and estimated to
advices
yeais, there is no probability of the bonds being
redeemed under the provision of Section 3 of the Act above,
unless the assessed valuation of the State is very materially
increased for 1907 and 1908, or there should be an increased
income from other sources.
next
two
Nashville, Term.—Tennessee Central Subscription Ordered
Paid.—On April 8 the Mayor signed resolutions passed by
the City Council directing the delivery to J. M. Overton,
President of the Tennessee Central Railroad Company, of the
$1,000,000 coupon bonds voted on Aug. 8 1901 in
aid of
RR.
delivery of these bonds has long been prevented by liti¬
gation, all decisions., however, being favorable to the issue.
The resolutions provide for bonds of Si ,000 each, to mature
May 1 1924. Interest at the rate of 4% will be payable semi¬
annually. Under the terms of subscription part of the
the Nashville A' Clarksville RR—now Tennessee Central
The
to be delivered when a certain amount of the
done and part when certain other conditions were
fulfilled.
The first condition was met. it is claimed, on Nov.
1 1903 and the second on May 16 1906.
As bonds could not
then be issued, owing to litigation', an agreement has been
made between the railroad company and the city whereby
May 1 1904 has been fixed upon arbitrarily as the date upon
which the subscription should have been paid, and the city
bonds
work
was
was
obligates itself to .pay the $100,000 interest which accrued
$40,000 during the year 1907,
to Nov. 1 1906 as follows:
$30,000 in 1908 and $30,000 in 1909.
See V. 84. p. 584;
V. 82. p. 1397, 525; V. SI, p. 739; V. 76. p. 1419.
have been
Montana.—Appropriation'to Pay Interest
on
Certain Illegal
Bonds„—The Legislature of 1907 passed an Act providing for
payment of all back interest and all interest that will be¬
due on or before Jan. 1 1909 on those bonds issued by
come
the State Board of Land Commissioners under the name of
the State University, State Normal School, Agricultural
College and Deaf and Dumb School of the State of Montana.
The above-mentioned bonds, it will be remembered, were
issued against land grants and were declared illegal by the
State Supreme Court in Jan. 1900 (V. $2, p. 231). which de¬
cision was upheld by the United States Supreme Court in an
opinion rendered Jan. 28 1907. The Act appropriating funds
for the payment of the interest due on these illegal bonds is
of such importance to the holders of the bonds,showing,as
it does, a desire, on the part of the State to protect their in¬
terests, that we print the measure in full below.
The bill
also makes provision for the calling of these bonds, or of
part of them, out of any funds in the general funds not other¬
wise4 appropriated for the two years ending February 1909.
An Act entitled “An Act to appropriate money to pay to the owners of
bonds heretofore Issued by the State Hoard of Land Commissioners, under
the names of the State University. .State Normal School. Agricultural Col¬
lege and Deaf and Dumb School of the State of Montana, an amount equal
to the Interest due and accruing on the Interest coupons attached to said
bonds and maturing on or before January 1st 1909 and to authorize the
State Hoard of Examiners to call In said bonds In the order of their Issuance
and to pay and cancel the same, and to appropriate money for such purpose.
lie It Enacted by the Legislative Assembly of the State of Montana:
Section 1.
That the sum of Forty Thousand and Sixty Dollars be. and
the same Is. hereby appropriated out of any funds not otherwise appro¬
priated for the year ending on the last day of February 1908 to pay an
amount equal to the Interest due and accruing on or before January 1st
1909 on Interest coupons attached to bonds heretofore Issued by the State
Board of Land Commissioners under the name of the State University,
State Normal School. Agricultural College and Deaf and Dumb School of
the State of Montana, and now held by persons other than the State of
Montana; and that the sum of Twenty Thousand Dollars be. and the same
Is. hereby appropriated out of any funds not otherwise appropriated for the
year ending on the last day of February 1909 for the purpose of paying the
amounts named In said Interest coupons maturing on or before January
1st 1909.
Section 2.
The amount named In said Interest coupon
Section One of this Act shall be paid by the State Treasurer
mentioned in
only upon the
presentation and surrender of the same at his office In the State Capitol.
Section 3.
All money In the general fund to an amount not exceeding
Two Hundred Thousand Dollars, which Is not otherwise appropriated fo
executive. Judicial or other purposes. Is hereby appropriated for the two
years ending on the last day of February 1909 for the purpose of paying,
ns hereinafter provided, the amount named In any of said bonds mentioned
In Section One of this Act.
Whenever the State Hoard of Examiners shall tlnd that there is Ten
Thousand Dollars or more to the credit of the general fund over and above
all sums ot herwise appropriated foi executive. Judicial and other purposes,
they are authorized and empowered to direct the State Treasurer to notify
the owners of said bonds bearing the earliest date of Issue and the lowest
numbers of the. series still outstanding; that the amount named In such
bonds, which must be described In the notice, to the amount directed by
the State Hoard of Examiners, ami stated In said nothe, will be paid, and
that from and after a dale to be designated ami mentioned in said notice
no Interest will be allowed or paid on such sums.
The Treasu’er shall give
such notice by publication once a w'eek for four successive weeks In a news¬
paper of
on
after Its
,
Bond Proposals and Negotiations this week
News Items.
a
This Act shall be in full force and effect from and
and approval.
It is proper to say, however, that our
the Legislature, having appropriated all
issued.
the
883
THE CHRONICLE.
APE. 13 1907.1
general circulation published In the City of Helena. Montana, and
City of New York, New York, amLuoon
like newspaper published In the
such publication Interest on the amounts named In the bonds desorloed In
said notice shall cease from and after the date named In said notice as the
date on which Interest will cease.
Upon presentation to the .State Treasurer of the bonds described In satd
he shall pay the sums mentioned therein; provided, that he shall
than the faoe \alue together with accrued Interest, and that
a tender of the fare value of any bond, together with accrued Interest,
shall constitute-a full satisfaction of the amount mentioned In such bond
notice
not pay more
ami Interest thereon.
Section 4.
This Act Is not Intended ami shall not Ik* construed to ereate
a legal liability on the part of the State of Montana to pay any of said bonds
or Interest
coupons nor to !u any manner validate such outstanding bonds.
It being only Intended hereby to restore to the owners of said bonds the
as
follows:
Abington Township, Montgomery County, Pa.—Bond
township awarded $75,000 4%, gold
coupon road-improvement bonds to. Brown Bros. & Co. of
Philadelphia at 100.67. Denomination $1,000. Date May
1
1907.
Interest semi-annual.
Maturity May 1 1937,
subject to call $15,000 after May 1 1912. $20,000 after May
1 1917, $20,000 after May 1 1922 and $20,000 after May 1
Sale.—On April 10 this
Bonds
1927.
tax-exempt.
are
Adams County (P. 0. West Union), Ohio.—Bond Sale.—
On April 6 the $68,000 3f2%, coupon 15-year turnpike
bonds described in V. 84, p. 763. were awarded to the Wilson
Worthy Poor Fund Trustees for a premium of $4,182.
Allegheny, Pa., Seventh Ward School District.—Bond
Offering.—Proposals will be received until 8 p, m. May 2
by Adolph Mayer Jr., Secretary, tor $75,000 4% coupon
school-building-addition bonds. Denomination $1,000. int¬
erest semi-annually at the Real Estate Savings & Trust Co.
of Allegheny.
Maturity $25,000 on March 1 1927. $25,000
March 1 1932 and $25,000 on March 1
cheek for $1,000. payable to the district, is
on
1937.
Certified
required.
Allegheny County (P. O. Pittsburgh), Pa.—Bond Sale.—
We are advised that $100,000 of the $500,000 4% 30-year
coupon road-improvement* bonds offered but not sold on
March 20 (V. 84. p. 705) have been awarded at private sale
to
N. W. Harris *fc Co. of New York City at 100.25.
Antwerp, Paulding County, Ohio.—Bond Sale.—On April 5
4% 11 ^4-year (average) coupon town-hall bonds
described in V. 84, p. 644, were awarded to the Antwerp
Exchange Bank of Antwerp at 100.101 and accrued interest
—a basis of about 3.99%.
A bid based on 4%% bonus was
also received from Albert Kleyboite A Co. of Cincinnati.
Ashland School District, Ashland County, Ohio.—Bids.—
On April l the following bids were received for the $20,000
5%, school-house-building bonds awarded, as stated in
V. 84, p. 826, to the First National Bank of Ashland.
the $8,000
First Nat. Hk., Ashland
522.010 001 F. L. Fuller A Co.. Cleve.$2l.605 00
Farmers Hank. Ashland. 21.965 IXF Prov. Sav.Bk. ATr.Co..On 21.373 00
Seasoncood A Mayer. Ctn. 21 723 20! W. J. Hayes A Sons, Cleve 21.509 00
Well. Roth A Co.. On
21.712 001 Mac Donald. McCoy ACo.,Cin 21.305 50
Somerset Bank, Somerset. 21,703 00' Brighton Ger. Bk., On
21 402 50
Sec.Sav.Bk.ATr.Co., Tol. 21,703 00! l.amprecht Bros.ACo.. Cie 21,371 oo
AshlandBk.ASav.Ct>.. Ash 21.690 00| W. R. Todd A Co.. On... 20.950 00
Loan.— This city recently
Savings Bank of Barre at
4.78%. Loan matures Aug 10 1907.
Basil, Fairfield County, Ohio.—Bond Offering.—Proposals
will be received until 12 m. May l by C. C. Leitnaker. Village
Clerk, for $1,000 4%, munreipal-building bonds.
Authority
Barre, Vermont.—Temporary
borrowed $7.500 from the Granite
Sections 2835 ami 2836 of the Revised Statutes.
Denomi¬
nation $100.
Date March 7 1907.
Interest annual.
Ma¬
turity $100 yearly
on
March 7 from 1908 to 1917 inclusive.
paid by purchaser. Certified check
Accrued interest to be
for .5%) of bonds
is required.
bid for, payable to the Village Treasurer,
Beach City, Stark Countv, Ohio.—Bonds Sot Sold.—No
sale has yet been made of the $600 5% electric-light bonds
offered on March 16.
See V. 84, p. 405, for description of
bonds.
Township School District, Clark County. Ohio.—
Offering.—lYoposais will be received until 1:30 p. m.
Bethel
Bond
>84
THE
CHRONICLE.
April 19 by J. E. Johnson, Clerk Board of Education
(P. O.
New Carlisle), for
82,990 4% coupon
school-house-improve¬
ment
[VOL.
LXXXIV.
Ditch
4% bonds described,in V.
National Bank of Urbana at 84,p. 706,
the
bonds.
Authority Section 3994 of the Revised Statutes
of Ohio.
Denomination 8500. except one bond for
8490.
Date April 19 1907.
Interest semi-annually at the office of
the Clerk of the Board of
Education. Maturity April 19
1911.
Certified check for 8500 is
required. Accrued in¬
terest to be paid
by purchaser. The district has no debt
at present.
Assessed valuation 1906
81,500,000.
were awarded to
par.
Chattanooga, Hamilton County, Tenn.—Bond
Offering.—
will be received
Proposals
until 3 p. m.,
May 7, by William
funding, 8250,000
street, 8350,000. sewer, 8200,000
city-hall,
$50,000 park
and 850,000 fire-liall and
police-equipment 4)4% 30-year
coupon bonds voted
L.
Big Spring Township (P. O. New
Riegel), Seneca County,
Ohio.—Bond Sale.—On
April S the 811,000 4)4% coupon
road-improvement bonds a description of which was
given
in V. 84, p.
645, were awarded to the Tiffin National Bank
of Tiffin.
Frierson, Mayor,
for the 8100,000
on March 12.
Denomination $1,000.
Juljr 1 1907. Interest
semi-annually at the National
City Bank, New YTork City. Certified check for
1% of bonds
bid for, payable to T. J.
Gillespie, City
Date
Treasurer, is required.
requested for the entire issue to be delivered
July 1
1907 and for the entire issue
to be delivered in
installments
Bids
Bound Brook School District
(P. O. Bound Brook), N. J.—
Bond Sale Not
Consummated.—We
are informed that
the sale
on Feb. 13 of
$10,000 4% coupon
school-building bonds to
the Somerville Dime
Savings Bank of Somerville was never
consummated.
These bonds, together with
others, were re¬
offered as 414s on
April 2 and sold as follows:
Bond Sale.—On
of
are
$250,000 each six months
beginning
The official notice
of this bond
July 1 1907.
offering will be found among
the advertisements elsewhere
in this Department.
Chicago Junction (P. O. Chicago),
April 2 862,000 4)4% school-building
bonds were
April 6 the $12,000 5% 1-10-year Ohio.—Bond Sale.—On
disposed of; 836,000 bonds maturing
(serial) coupon Myrtle
SI,000 Avenue improvement assessment
yearly on Feb. 1 from 1908 to 1917 inclusive
bonds described iri*V.
and 82,000
84,
p. 764, were awarded to
yearly on Feb. 1 from 1918 to 1930
Lamprecht Bros. & Co. of Cleveland
inclusive, to John D. at 104.258—a basis of about
Everitt & Co. of New York
City, and
4.127%. The following bids
82.000 yearly on Feb. 1 from 1931 826,000 bonds maturing were received:
to
Somerville Dime
semi-annual.
Savings Bank
1943 inclusive to the
Somerville. Interest
of
Bowling Gre2n, Warren County, Ky.—Bond Sale.—On
April 10 the $20,000
public-school-building and 825,000
hall-building 4% 30-year bonds, described in Y. 84, cityp.826,
were
Date
April
24
Maturity April 24 1911.
1907.
coupon
Bryan, Williams County, Ohio.—Bond Sale.—This
village
recently awarded the 830,000 coupon water and
light-plantimprovement bonds described in V. 84,
p. 705, to the First
National Bank of Bryan for
830,700 (102.333) and accrued
interest for 4%s.
were
following
received:
Cincln_ei23,040
a For
$10,740 North Tenth St. bonds
and $1 2,044
bonds,
h For $10,740 No.
Tenth St. bonds, $1 2,044
bonds and $9,070 No.
Eighth St. bonds.
4%
Certified
2% of the amount of bonds bid for,
payable to
Village Treasurer, is required.
Corning, Steuben County, N. Y.—Bond
Offering.—Pro¬
posals will be received until 12 m.
April 16 by F. D. Kings¬
bury, Vice-President of Board of Water
Steubenville Ave.
Steubenville Ave.
8100,000 4% coupon
1
$59,332 54 4% coupon refunding bonds
awarded
to Seasongood &
of Cincinnati at 101.127.
Mayer-1
3,000 00 5 % coupon Hurford
Street bonds awarded to Wrn.
Wagner,
Tru'-lce," of Canton, at 102.833.
13,500 00 5 % coupon South Main
Street bonds at 102.777.
County V. O. Beaufort/, N.
County, N. Y.—Bond
Offering.—
will be received until 2
p. m.-April 22 by Win. H.
Golding, Village Clerk, for the 814,000
coupon public-park
bonds mentioned in V.
84, p. 524, at not exceeding
Proposals
check for
45
00
00
50
50
Canton, Stark County, Ohio.—Brices Paid
for Bonds.—
Tne prices paid for the
and 5% bonds, the award of
4%
which was given in last week's
issue-, are as follows:
Carteret
semi-annual.
Cobleskill, Schoharie
Authority Sections 59, 129, 169, Chapter 414, of
Laws of 1897; also vote of the
village held Dec. 3 1906. De¬
nomination 8100.
Date Feb.
1
1907.
Interest semi¬
annually at the Village Treasurer’s office.
Maturity
$1,000
yearly on Feb. 1 from 1912 to 1925
inclusive.
issics) described in V. 84, p. 5S5, were awarded to
Otis &
Hough of Cleveland at 101.608 and interest. The
bids
Interest
interest.
(nine
Otis <5c Hough, Cleveland. J5G,855
00! New First Nat.
Bk.,
\V. R. Todd 6c Co., Cin
56,705 00) W. J. Hayes 6c Sons, Col__$56,584
bec.Sav.Bk.&Tr.Co., Tol. 56.658 00| Lamprecht Bros. & Cle._ 56,455
Co.,Cle 56,378
MacDonald,McCoy<ScCo.,Cin56,605 001 Hoehler 6c Cummings,
Tol It32,20 1
1 Weil, Roth <5c Co.,
SI,000.
Exchange National
City of Cleveland.”
Coalgate, Choctaw Nation, Ind. Ter.—Bond
city has awarded the 827,000 5% 20-year school Sale.—This
bonds dated
Sept. 1 1906 and the 844,000 5% 20-year
water-works bonds
dated Sept. 2 1906 mentioned
in V. 83,
p. 1488, to R. J.
Edwards of Oklahoma
City
at par.
Denomination
81,000.
Interest
$5,030
5,000
5,005
Cambridge, Guernsey County, Ohio.—Bond Sale.—On
April 1 the 8*55,955 street-paving assessment bonds
12,240 00
12,201 00
semi-annually at the
Bank in New York
City.
on a blank form
furnished by the
city and must be accompanied by a
certified check on a
national bank for
5% of the bonds bid for, payable to
.the
“Treasurer of the
bids:
_
lvleybolte & Co., Cln..
W. J. Hayes &
Sons, Cle__
C.—Bond
1907.
or
Interest
registered
Commissioners,
water bonds.
for
Date April
semi-annually in New York
turity 810,000 yearly on April 1 from 1912 to 1921City. Ma¬
inclusive.
Certified cheek for
1% of amount of bonds bid for is required
Bond Sale.—This
city
awarded $1,151 34 5%
paving-ass ■ssueuit bonds torecently
Q. \Y. Wellington <fc Co. of Corn¬
ing for $4,166, the price thus being 100.261.
Date March 21
1907.
Intel' s! annua!.
Maturity
part
yearly
on March 21
from 190S to 1910
.
inejusivc.
()ffaring.—
i ;;p.h<-r detail* are at hand
relative to the offering of the
Cranston (P. O. Station
825 009 5% coupon court-house
31,
Providence
bonds de-crib'-d in V. 81.
County, R. I. Bid Bejcetcd.—All Providence),
bids received on April 10
j
7o3.
p
FiopO-pl- for ihc.-.e bonds will be received
for
tlu*
until !
$100,000 1% 10-year coupon or registered
May i by W 8. Chadwick, Trustee.
gold bonds
described in V. 81, p. 76
Authority,
Chapter!
5^2. Law* of 1907.
1, were rejected.
D< nomination 8500.
DaleJuiv
1 1907.
Crete
School District (P. O.
J: ’' r f -1 M-mi-annu:
Crete), Saline County, Neb.—
jjy at Beaufort. Maturity July J 1917. ! Bond
Dlection.—All
Be-';.', are <
election will be held
mpt from county fa>a-,April 15 to Note on
Certified check fur! tie- ques.ion of
8590. payable t - \V
issuing $10,000 5% 5-20 year (optional)
a.
True
(inadwiek,
fee,
highrequired. j .school-addition bonds.
'in evunlv La*- no d< bt nt
|
,
.
■
Cascade
0/ye/ tug.
pjesent.
County School District
;Jdop<..-al> will be reeejyed
No.
50,
Dallas, Dallas County, Tex. Bond Sob
On April 10 the
issues of
4% gold bonds, aggregating $287,500, and
<ie,-enoed in V.
81,
Mont. --Bond
p. m. A fail 25
four
until 2
>-e)juoi Jin-lees at.'Ihe efjjce uf tije
'j
County
irer in G'< at J-all.* J or a
8500 6% coupon
vesc!jooi-i/npi'o
tnejif bond.
Malm it y jive* Near,-:,
subject to call after three
b;
tin; Jioajo uj
•
j
j
y. a os.
Celina, Mercer County, Ohio.
bus pm.vmJ en
ApdJ 2 fo. 1 iiu
s' j < < 1
-unp: o\ < meet bonds aw ard<
lo
an
W
U
p. 76 1, were awarded tu the
Gaston
N atioiml Bank of 1 Lilias
at. par and aeeured
interest.
Securi¬
ties are dated Jan. 1
1906.
Dalton,
'J his.tow
Berkshire
ii
County, Mass.
'Temporary l.oau.'
recently negotiated a loan of
Bid.*.Following av the pation of taxes, with the Agricultural $30,000, in antici¬
National Hank nf
$6,000 atj«J 822,000
1/4% ! Pittsfield al d/2% discount. Loan matu vs in 1
d as s’ a1 <*d in V 84
months.
p.820, 1
ihe N* \\
ins' NaOonal Bank of
Dauphin, Man. — J). ben we Offering, —
Columbus
at
i
00
..892
lYoposas
will be
J aeej'<a d jjFerebf:
j received until 0 p. in. April lb by J. W.
Johnston,
for
3 bt \al. Jik.,
the following debentures;
Treasurer,
Columbus $28 250 Keiei
R
J.
V, cl.
4
j
'j <ydd
Hayes
6c < o., Clndn
6c Sons, 61« ve
J'.otL 6. C o..
Cincinnati
j
,
.
y, Alxlei
28,23a
fiifci
28 044
(,'vijijuj eial
28,001 j
Nat.
sen
Bank,
,
4c < o.. CJ«
f Vlina
Lank, ('• Unfa
.
_
.
$28,000 ! $J5,000 5 % local
Imp/oveineni
28,000 j
iwinty years.
28,000 i
1.200 5 % local Improvement
Champaign County (P. O. Urbanap Ohio. --Bond Sole.
!
April 3 the 81.400 JJuipei DiUh and ,83.300
Kelley1
u.
—
00
12,300 00
12,252 00
Each bid must be made
bonds described in V. 84,
p.
764, were awarded to the Brown
City Savings Bank of Brown
City at 101 and accrued interest for 414s—a basis of
about
4.40%. Bonds are dated May 1 1907.
Following are the*
Brown City Savings Bank. Brown
City (for 4 f£s)
Bumpus, Stevens Co., Detroit (for 4
0?s)_
Thomas J. Bolder Co.,
Chicago (for 5s)
Columbus.$12,318
Chicago
Tol.Fire&Mar.Ins.Co.,Tol
A.
exempt from all taxation.
Denomination
American
Brown City School District
(P. O. Brown City), Sanilac
County, Mich.—Bond Sale.—On April 5 the $5,000
are
00 First Nat. Bk.,
S. A. Kean,
00
80
00
00
00
$1,200,000 5 % coupon
street-improvement bonds dated
Ma¬
turity on Nov. 1 as follows: $150,000 In May 1 1907.
1907, $300,000 in
1908, $300,000 in 1909,
$300,000
In
1910
and
In 1911.
$150,000
300,000 4% coupon water-works
bonds dated April 1 1907.
April 1 1925.
Maturity
Interest
school-building-improvement
Co..Cle$12,51
Cleveland, Cuyahoga County, Ohio.—Bond
Offering.—
Proposals will be received until 12 m.
May
10 by Thomas
Coughlin, City Auditor, for the following
bonds:
Bowling Green.
Bristol County (P. O.
Taunton), Mass.— Xote Ojjering.—
Proposals will be received until 10 a. m. April
23 by George
T. Durfee, Chairman
County Commissioners, for 8100,000
4 ] 2c'o bridge notes.
Authority Chapter 462, Acts of 1903.
Denomination
820,000.
&
J
12,453
12.436
Hayden. Miller & Co., Cle. 12,407
Seasongood & Mayer, Cin. 12,368
Otis & Hough, Cleveland12,351
Bonds
awarded, it is stated, to the Citizens’
National Bank of
semi-annually.
Lamprecht Bros.
Sec.Sav.Bk.&Tr.Co., Tol.
Prov.Sav.Bk.&Tr.Co.,Ciu
sIa years.
debentures.
MaLutliy
part
yearly
for
debentures.
Mulurlly
purl
yearly
for
....
Dayton, Rhea County, Tenn. Bonds Toted
Bond Offer¬
ing.—On March 30 this city authorized
the issuance of the
-
Apk. I S
HK'T.J
THF. CHRONICLE
512,500 5% 20-year school-building bonds mentioned in V.
S4, p. 706.
We are informed that proposals for these bonds
will be received until May 1..
Dravosburg School District, Allegheny County, Pa.—
Bond Sale.—This district has awarded the 838,000 4^%
9-27-year (serial) coupon school-building bonds offered on
March 25 to the American Surety & Investment Co. of Pitts¬
burgh at par. See V. 84, p. 046, for description of these
securities.
East Syracuse, Onondaga County, N. Y.—Bond Offering.—
Proposals will be received until 3 p. m. April 20 by Dana
Conklin, Village Treasurer, for 810,000 registered sewersystem-completion bonds at not exceeding 5% interest.
Denomination 8500. Date July 1 1907. Interest annually
in Syracuse at the office of the Trust & Deposit Co. of Onon¬
daga. Maturity 81,000 yearly on July 1 from 1912 to 1921
inclusive. Bonds are exempt from taxation. The genuine¬
ness of the bonds will be certified to by the Trust A Deposit
Co. of Onondaga.
Each bid must be made on a blank form
furnished by the village and must be accompanied by a
certified check on a national bank for 10% of the bonds bid
for. payable to Dana Conklin, Village Treasurer.
Ensley, Jefferson County, Ala.—Bond Sale Agreejncnt.—
Arrangements have been made with Steiner Bros, of Bir¬
mingham for the sale to them at par of 855,000 sewer and
$35,000 school 5% 30-year bonds, providing the securities
receive a favorable vote at an election to be held within thirty
days. Denomination 81,000. Date June 1 1907. Interest
County at 101. Denomination 81,000. Date Nov. 14 1906.
Interest annually .on April 10.
Maturity Novv 14 1946, sub¬
ject to call after. Nov. 14 1911.
Harrisburg, Pa.—Bonds Not Yet Sold.—We
coupon
of Los
Hattiesburg, Perry County, Miss.—Bond Sale.—On April
the 8170,000 5% coupon street-improvement, waterworks-extension, school-building, bridge and sewer bonds
described in V. 84, p. 646, were awarded, it is stated, to the
Provident Trust & Savings Company of Cincinnati.
Haverhill, Essex County, Mass.—Temporary Loan.—This
city recently negotiated a loan of 850.000 with Blake Bros.
& Co. of Boston at 5.91% discount.
Maturity Oct. 28 1907.
Indiana.—Bond Offering.—Proposals will be received until
12 m. April 29 by Charles Downing, Secretary of the State
Board of Agriculture, at his office in Indianapolis, for 8100,000 4% coupon bonds for a live-stock show pavilion on the
State-l air Grounds.
Authority a Special Act of the Legis¬
lature approved Feb. 21
1907. Denomination 81.000.
Date May 1 1907.
Interest semi-annually at the State
Treasurer’s office.
Maturity Nov. 1 19io. Bonds are
exempt from taxation. The legality of the bonds has been
approved by Smith, Duncan, Hornbrook A Smith of In¬
dianapolis, whose opinion is on file at the office of the
Secretary of the Board. Certified check on an Indianapolis
national or State bank for
of the bonds bid for, payable
to the Indiana State Board of Agriculture, is required.
Accrued interest to be paid by purchaser.
Islip Union Free School District No. 1 (P. O. Bay Shore),
Suffolk County, N. Y.—Bond Sale.—The highest bid received
on April
6 for the 825.000 15-vear (average) school-building
bonds described in V. 84, p. 828, was one of 102 for I^os,
submitted by John D. Everitt A Co. of New YorkCity.
The
April 1 awarded an issue of 818,000 5%,
school-building bonds to the Merchants’ Trust Co.
Angeles at 106.88—a basis of about 4.118%. The
following bids
were
advised
2
on
received:
Mcrctu Tr. Co., Los Anp. .$19,238
Amcr.Sav.Bk., Los An19,146
First Nat. Hank, Oakland 19,126
Los Angeles Tr. Co., Los A 19,000
art?
under date of April 11 that no award has yet been made of
the 8654,800 3}A% coupon public-improvement bonds (two
issues) offered but not sold on Feb. 28. See V. 84, p. 586.
semi-annual.
Fairfield School District, Solano County, Cal.—Bond Sale.
—This district
*85
40! W.R.Staats Co.. Los Ang-$18,887 50
00 K. M. Wilson, Vallejo.... 18,652 00
00, N. W. Halsey & Co., SanF 18.412 20
bids
00;
follows:
were as
D. EverittACo.. X. V. (for 1,4s) 102.00; Adam? & Co.. X. Y. (for 1.70b>... 100.32
OtisA: Hough. Clev..(for 14s)
100.S5 W. J. Hayes<fcSdns,CIev.(for os). -103.43
G. M. Hahn, X. Y. (for 44s)
100.36! Ferns White (for os)
102.22S
O ’ Connor A Ka h le r, X. Y. (for 1,4s) 100.15;
Denomination
81,000. Date March 4 1907. Interest
annually at county treasury. Maturity 81,000 yearly on
.
March 4 from 1908 to 1925 inclusive.
Jackson, Madison County, Tenn.—Bond Offering.—Pro¬
posals will be received until May 6 by Thomas Polk, Chair¬
man Finance Committee, for 8125,000
4V.j% 20-year bonds.
Jones County (P. O. Trenton), No. Caro.—Bond Offering.
—Proposals will be received until July 1 by J. K. Dixon.
Clerk of Board of County Commissioners, for 810.000 5 cr
/c
bridge bonds. Denomination 8500. Interest Jan. 1 and
Maturity 81,000 yearly on July 1 from 1909 to 1918
awarded to the State of Montana at 102.75—a basis of July 1.
Certified check for 8500 is required.
about 4.25% to the optional date and 4.294% to the full ! inclusive.
Juneau, Dodge County, Wis.—Bond Offering.—Proposals
maturity. The following bids were received.
State of Montana
$102,750 First Nat.Hank. Le\vlsto\vn.$100,600 ; will be received until 7:30 p. m.
April 30 by F. L. O’Neil,
Harris Tr. & Sav. Bk.,Clilc_ 102,500 C. H. Coffin, Chicago.
«. 100,501
;
City Clerk, for 810.000 5% coupon gas and water-plantJ. M. Holmes, Chicago
102,500 \V. J. Hayes & Sous, Cleve.
98,000
Denomination 81,000. Date Jan.
Franklin Union School District No. 780, Man.—Debenture ; improvement bonds.
15 1907.
Interest annually in Juneau., Maturity 81.000
Offering.—Proposals will be received until April 30 by E. H.
Sharps, Secretary-Treasurer, for 81,500 5% bonds. Date ! yearly on Jan. 15 from 1917 to 1926 inclusive. Bonded"
debt, including this issue, 819,000. Assessed valuation for
Sept. 1 1903. Maturity part yearly for ten years.
Fayetteville, Washington County, Ark.—Bonds Not Sold.
—No sale has yet been made of the 8100,000 water-works
and the 875,000 s_*wer 5% 20-year gold bonds, described in
V. 84, p. 464.
Fergus County (P. O. Lewistown), Mont.—Bond Sale.—
On April 2 the 8100,000 4fo% 15-20-year (optional) gold
coupon court-house bonds described in V. 84, p. 407, were
,
Gardner, Worcester County, Mass.—Note Offering. Pro¬ j 1906. 8635,000.
Killbuck, Holmes County, Ohio.—Bond Offering. — Pro¬
posals will be received until 3 p.m. April 15 by John D. Edgell,
Town Treasurer, for the discount of 870,000 notes to be issued posals will be received until 2 p. m. April 27 by R. P. Cun¬
ningham, Village Clerk, for 8900 6% coupon street-improvein anticipation of the collection of taxes.
Notes will be ' ment
bonds.
Authority Longworth Bond Act. Denominadated day of delivery and will mature 810.000 on Oct. 1
8300.
Date March 1 1907. Interest annually at the
j
nation
1907. 810,000 on OcK 8 1907. 810.000 on Oct. 15 1907. 810,Maturity 8300 yearly on March 1
000 on Oct. 22 1907, 810.000 on Oct. 29 1907. 810,000 on 1 Village Clerk’s office.
S from 1908 to 1910 inclusive. Bonds are exempt from all
Nov. 5 1907 and 810,000 on Nov. 12 1907.
! taxes.
Certified cheek for 5%>.of bonds, payable to CorporaGlendale, Los Angeles County, Cal.—Bond Offering.—
j tion Treasurer, is required. Village at presuit has no debt.
Proposals will be received until 7:30 p. m., April 17, by G. B. Ass ss'd valuation 8100,000.
Woodberry, Gitv Clerk, for the 85,000 6%, tire-protection
Klamath County (Ore.) School District No. 2.—Bond Sale.
bonds voted
on
Feb.
26.
Denomination 8125.
Date
—The County Treasurer has awarded the 812.>*>00 0% 10-20March 1 1907.
Interest s ‘mi-annually at C.tv Treasurer's
(optionaP coupon school-building bonds offered on
office.
Maturity 8125 yearly on*March 1 from 1908 to 1947 year
March 20 to the Klamath County Bank of Klamath Palis
incltts ve.
Certified check tor 8250, drawn oil a California :
at 106.18—a basis of about 5/.20% to the optional date and
bank and made payable to the City Treasurer, is required.
about 5.188% to,the full maturity.
Following are the bids:
Delivery about May 1 1907. Accrued interest to be paid by i Klamath
County
Batik.
■ Morris Bros. & Co.. Fete. .$’3.2’JU 00
purehas t. 'Dual debt, this issue. Ass ss.-d valuation, I
Klamath Falls.
..$13,521 04; Bank of Ashland
13.05c 0U
.
-•
8600,000.
j t’nkai Hank
Glenwuod
Mills
County, Iowa.— Bond Salt.—This place
recently awarded 811,000 5%, 16-vear (average) refunding
bunds to the Harris 'Trust' A Savings Bank of Chicago.
Securities
are
dated March l
1907.
Gloversville, Fulton County, N. Y.- Bond Sale.--On
April 5 the 86.750 4 %% coupon or registered walk. curb,
gutter and sewer bonds described in V. 84, p. 616 were
awarded to the Water Board of Gloversville at par and
.
There
accrued interest.
were
no
other bidders;
Glynn County (P. O. Brunswick^ Ga.--Bond BLvt'on.April 18 to vote on the question of
issuing 850,000 court-house and 82.5,000 5( \ jail bonds.
In¬
terest
semi-annually on Jan.
and July l.
I
Maturity
An election will be held
Sib.000 vearlv
815,000
'Jan. ‘
Jan. 1
1917.
on
l
from
1911
to
DU6 inclusive and
Guelph, Ontario. — Debentures No! Sold.—-No satisfactory
4%% coupon
bids were received on March 18 for the 825,000
debentures described in V. 8 1, p. 616.
Hardeman County (P. O. Quanah\ Tex.—Bond Salt. —
Tins county recently disposed of the 850,000.4% court-holts *
bonds mentioned, in X. 83, p. 1489, 828,000 to the'’School
1 it in t of the State of 'Texas, at par, ami 822,000 to Cot.tie
Ladd A
.
Trust Co.."
oc
Hush.
13 315 00 Title Gu. 3c TwO*. .Pcuuand 13 '41 64
Mrs. LU i-L Saw toll..
13. CIO 30
13.313 00
;
..
•
Knox
County (P. O. Mt. Vernon\ Ohio.—Bond offering.—
Proposals will be received until 12 til. Ypril 30 b\ tie County
6*' office of C. A.
CommKCouct> at Die
Mitchell, County A2 ,ut«>r.
for
840.600
5l
bridge-t’und-delieicncv
b<.:*.a>
A ii-
lC nomination
thority St elioti 2S3 t of the Uevisevl Statute
81.000.
Date Vpril 30 1907.
Interest Jan. 1 and July l at
the Count}
invanury.
Maturity 85.000 yearly .. u July l
from 1908
to
1915 inclusive..
Kossuth County (Iowa' Drainage District No 4.
Bond
Salt,
(hi April 3 an Ksue of “approximately” 8500,030
0%.
drainage bonds was .awarded to Ihos. J. Botin r Co. ot-Chi¬
cago. bonds to be delivered $100,000 on May \ 1907 8100.000
on Non
I 1907. 8100.000 on May l I9p8 and the remainder
on
Non
t UK'S.
Bids were also received from the V\
R.
.
.
,
.
Bon'd A Mortgage Co. of Macon. Mo.; Security
Compton
Savings Bank A Trust Co. of Toledo; Dewitt. Dembie A
Co. of Chicago and lloehler A Cummings of Toledo. Denomi¬
nation $1,000.
Dale May l 1907,
interest setni-aunual.
Maturity one-twentieth each six months from May l 1912
to
Non
.
1921 inclusive.
I
Lakewood,
Proposals
\n
Cuyahoga County, Ohio. - Bond Offering.—
ill be received until 12 ru., April 22. by B. M. Cook,
886
THE CHRONICLE.
Town Clerk, for $1,078 5% Kenilworth Avenue water-main
bonds.
Denomination S107 SO.
Date April 1
1907.
Interest semi-annually at the Cleveland Trust Co.
of Cleveland.
Maturity $107 SO yearly on Oct. 1 from 1908
to 1917 inclusive.
This offering is in addition to the 81,-
LXXXIV.
exempt. Certified cheek for $300, payable to the
County
Collector, is required.
Midlothian Independent School
District, Ellis County,
Texas.—Bonds Registered and Sold.-—The State
Comptroller
on
April 3 registered $15,500 5% school bonds of this dis¬
trict.
Maturing March 1 1937. These securities have been
purchased by the State Permanent School Fund on a 4%
assessment
521 30
[VOL.
5%
coupon Coutant Street grading, and paving
and 81,330 bc/c Kenilworth Avenue
bonds, to
be sold at the same time, the details of which are
given in
V. 84. p. 828. 766.
B"tul Sale.—On March 30 the two issues of
assessment
basis.
Milton
United School Districts Nos.
8, 12, 93, 153 and
160,
Sussex
County, Del.—Bond Sale.—On April 10 the
5%
85,400 coupon school refunding bonds described in V.
p. 647. were
84,
103.384 and accrued interest—a basis of about
p. 828, were awarded to Hopkins & Hunter at par for 4s.
4.353%.
Morrison County (P. O. Little Falls), Minn.—Bond
Lawrence County (P. O. Bedford), Ind.—Bond Bale.—On
Offer¬
April 2 th is county disposed of $40,000 Marion Township and ing.—Proposals will be received until 2 p. m. May 1 by
811,000 Spice Valley Township 4 lA% gravel-road bonds tq, William Butler, County Auditor, for $45,000 334% funding
Rudolph Kleybolte A Co. of Cincinnati for $51.440—the bonds. Authority Section 7S4, Chapter 10 of Revised Laws
price thus being 100.862. Denomination $1,275. Date of 1905. Denomination $1,000. Date July 1 1907. Inter¬
est
May 10 1907. Interest semi-annual.
semi-annually at place to be designated by purchaser.
Maturity July 1 1927. Purchaser to furnish blank bonds
Lee County (P. O. Bishopville), So. Caro.—Bond Sale.—
free of charge.
Certified check for $1,000 drawn on a na¬
On April 2 the $40,000 15-30-year
(optional) coupon court¬ tional bank
in Minnesota, payable‘to F.
house bonds described in V. 84,
Ilenick, County
p. 708, were awarded, it is
stated, to the Security Trust Co. of Spartanburg at 101.25 Treasurer, is required. All bidders must satisfy themselves
as to the
and accrued interest.
legality of bonds before bidding, and successful
Purchaser to pay cost of printing
bidder will be required to furnish blank bonds
bonds.
free of charge.
Bonded debt, including this issue,
$147,409;
floating debt,
Leesburg, Highland County, Ohio.—Bonds Xot Sold— $67,820. Assessed valuation 1906,
$5,054,098.
Bund Offering.—Xo award was made-on March 16 of the
Morrow County (P. O. Mt. Gilead), Ohio.—Bond
$4,000 3%>% coupon water-works bonds described in V.Offering.
84, —Proposals will be received until 12
m. April 29
p. 647.
by W. C.
Proposals are again asked fur. this time for 4}d%
McFarland, County Auditor, for the following bonds:
bonds, and will be received until 12 m. to-day
(April 13)
5 % Williams dltclx bonds.
Denomination 51,400.
by C. B. Cox. Village Clerk. Authority Sections 2835, 57,000
5,000 5% Harris ditch bonds.
Denomination 51,000.
2836 and 2837 of the Revisf-d Statutes of Ohio.
Denomi¬
Maturity one bond of each issue every six months from
nation $500.
Date Get. 9 1905.
6-year (av¬
bonds, aggregating $34,600, described in Y.84,
awarded to Hayden, Miller A Co. of Cleveland at
erage)
Interest
the office of the Sinking Fund Trustees.
each six month.' from Jan. 1 1920 to
July 1
at
semi-annually
Maturity $500
1923 inclusive.
Certified cheek for 10%.
of bonds bid for. payable to Village
Treasurer, is required.
Bonds
are
exempt from taxation.
Accrued interest
to be paid by purchaser.
Lima School District (P. O. Lima), Allen
County,
Bond Offering.—Proposals will be received until
April 29 (to be opened
at 8 p. m.) by C.
of the Board of Education, for $20,000
Ohio.—
12
m.
H. Churchill, Clerk
5%, school-building
Treasurer of the Board, is required.
Lincoln, Lancaster County, Neb.—Bond Sale.—On April 1
5% 1-10-year (serial) assessment bonds
aggregating $04,370 (amount reduced by assessments paid
in
the thirteen issues of
cash; described in V. 84. p. 647, were awarded to the
Lincoln Safe Deposit A Trust Co. at 100.857 and accrued
interest—a basis of about 4.943%.
The bids were as
follows:
•
.
Sale
Deposit
Trust Co., Lincoln
a
6c
jlstTr. & Sav. Bk., Lincoln $64,390
$04,348 73, W. J. Hayes 6c Sons, Cleve
a par
Less commission lor lees, expenses, dec.
Lindsey, Sandusky County, Ohio.—Bond Electi/m.—An
will be held April 16 to vote on the
question of
election
issuing paving bonds.
Los Gatos School District, Santa Clara
County, Cal.—
Bond Sale.—On April 3 the $36,000
434% 6-20-year (serial)
gold coupon high-school-building bonds, described in V.
84,
p. 708. were awarded to the Merchants' Trust Co. of Los
Angeles at 105.3 6 and accrued interest-—a basis of about
3.988%
.
f ollowing
are
the bids:
Merchant,4-‘ Tr. Co., Lot-: Anjr.581,348
Ji H. Hollins 6c Son, Sari Yr.
31,303
First Nat. Bank, Oakland
33,203
J. W. Pnejph Lofr Anyek-t.
31,026
CardenCityBk. dc'J .Co.SanJose 33,003
.
-
First Nat. Bank, San Jow
$31,003
N. \V. Hulsey dc Co., San Fr. 30,981
YVm. H. Staau Co., Pa>adcna 30,938
Lor Aiiy' lcs Tr. Co., Los Ang. 30,823
N. W. Harris <5c Co., Los Any. 30,773
Malone, Franklin County, N. Y.—Bvi* Rejected.
received
-All bids
March $ for the $225,000 registered water-works
bonds described in V. 84, p. 408, were
rejected.
on
Maple Creek. Saskatchewan, Canada. —JJebenture Of! e ring.
—Proposals: will b< received unL’i 8 p. in. April 20 by i. C.
Dixon, Chairman Finance- Committee, for $60,000 5%, waterworks bonds.
Authority by-law Xo. 55. iF-nominalion
$2,000.
Interest annual.
Maturity part yearly for 30 years.
Marquette County (P. O. Marquette,, Mich. -So Bond*
SoUl.— V\'e are informed by Ma*k
Elliott, Couniy Clerk, that
the- report that tn.s
county i< c<'ntly disposed of $100,000
road-imp; osenp-nt bonds is erion< ous.
Memphis School District 'P, O. Memphis;, Tenn. - Bond*
Sot Sold.
No bids wep- r«jceive/j on April 8 fur the
$150,000
4% coupon bojxdc described in V. 84, p. 708.
Miamisburg, Montgomery County, Ohio. Bond* With¬
drawn from Market. — We are informed
that, owing to a
change in plans, the Village Council has withdrawn from
the market the $J7,000 4%
coupon sewer bonds which were
Vo 'ixave been <Mcrc<i on
A-prjJ JO. Ben V. 84, p. 047.
Middlesex County (P. O. New Brunswick;, N. J.
Bond
Offcru</j.—Jdoj>osaJs. will be received until JJ a. m. April 24
by the Finance Committed' and JJ. Kaymoui 6/ovcs, County
Collector, for $80,000 '>34% Dgistered bridge bonds. De¬
nomination |J ,000.
Date April J 1907.
Interest semi¬
annually at the County Collector's office. Maturity $4,000
on
April J from J917 to J936 inclusive. Bonds are tax-
Accrued interest
paid by purchaser.
Mt. Washington, Hamilton
County, Ohio.—Bond Sale.—
On April 2 the* $1,170 91
5% 534-year (average) Sutton
Avenue
sidewalk-improvement
in V.
bonds.
Authority Section 3994 of the Revised Statutes of
Ohio.
Denomination $1,000.
Date April 29 1907.
Inter¬
est semi-annual.
Maturity $1,000 yearly on April 29 from
1909 to 1928 inclusive.
Accrued interest to be paid by
purchaser. Certified check for $1,000, payable to the
Lincoln
March 1 1908 to March 1 1910 inclusive.
to be
assessment bonds described
84, p. 587, were awarded to Seasongood <fc Mayer of
Cincinnati for $1,190 (101.112) and accrued
interest—a
basis of about 4.751%.
Neoga School District No. 44 (P. O. Neoga), Cumberland
County, Ill.—Bond Offering.-—Proposals will be received
until 7 p. in. April 16 by Dr. Russell L. Kurtz,
Clerk of Board
of Education, for $5,000
5% refunding bonds. Authority
vote of 90 to 1 at election held
April 1. Denomination $500.
Interest annual.
Maturity $500 yearly on May 1 from 1908
to 1917
inclusive.' Certified check for $200 is
required.
Newark, Essex County,' N. J.—Bond Offering.—Proposals
will be received until 3
p. m. April 19 by J. H. Bacheller,
City Comptroller, for the $1,165,500 4% registered or cou¬
pon school bonds mentioned in V. 84, p. 648.
Date of bonds
May 1 1907. Interest is payable at the office of the Com¬
missioners of the Sinking Fund.
Maturity May 1 1957,
subject to call after May 1 1947. Bonds are tax-exempt.
'Certified check for 234% of bonds bid for is
required, accrued
interest to be paid by purchaser.
The official notice
of this bond offering will be found among
the advertisement* elsewhere in this
Department.
Newton, Newton County, Miss.—Bond Offering.—Pro¬
posals will be received until 2 p. m. April 16 (postponed
from April 2) for the $50,000
5% 20-year water-works bonds
voted
Jan.
on
15.
Interest semi-animal.
for
Certified check
10% of the bonds is required. B. N. Carter is City Clerk.
New York State.—Successful
Bidders.—The offering on
April 5 of $5,000,000 3% 50-year gold canal-improvement
bonds brought out bids for
only $300,000 of the securities,
not counting tin; offer of tin; State
Comptroller to take all or
any part of the*, issue as an investment for State funds.
The award was as follows, all bids
being at par and accrued
interest:
Comptroller Slate of
V.,
Flint National Bank, Tonu.54,700,000
wiuitlu
525,000
Cltlzciin’ Tr. <’o.. liklyu.. 1
10,000
100,000 Mih. F. J. Furnt, La Fmicev’l
2,000
100,000
Speiierr
ft,
Trank
Co., Albany
1,000
; First National Bank,
i
30,000 Montauk Hank,
Brooklyn . _ 1,000
Oswego
j
3,000 Albans County JiU.. Albany.
1,000
Central Nat. Bank, Buffalo
23,0001
.
Albany
..
Columbia National Bank,
Buffalo
M orch. Nat. Ilk., N. V
...
North. Attleboro, Bristol County, Mass.—Tern
para rg Loan.
I his place lias borrowed $15,000
from Edgerly Ar Crocker
at
5.48% discount. Loan matures Oct. 10 1907.
North Olean (P. O. Sta. No. 1,
Olean), Cattaraugus County,
N. Y. -Bond
Offering.—Proposals will lie received until
7:30 p. in.
April 23 by John Degnan, Village President, for
$60,000 sewer bonds voted on March ID.
Denomination
$2,400.
Date July I 1907.
interest (not to exceed
tin*
payable,semi-annually.
Maturity $2,400 yearly
from 1909 to 1933 inclusive.
quired.
on
5%)
July 1
Certified check for $1,0(10
re¬
Oleander School District, Fresno County, Cal.
— Band Sale.
On April 2 the $8,000
5% gold coupon school building
bonds mentioned in V. 84,
p. 709, were awarded to the
Merchants' Trust Co. of Los Angeles at 104.30 and accrued
interest
a basis of about
4.118%.
received.
The following bids
"
Merck. Tr. Co
Lon Angih:a$rt,344 00
Anu:r. Sav. Bk.,
8,276 00
Ang
Ang. Tr. Co.. Lou Ang. 6,260 00
,
Flr&t Nat. Bk., Oakland
.
8,226 64
were
W. F. Joluiblnn, I,oh Ang.. 18,177 00
Adam*. FiiliilptfCo Log An 8,170 (to
Mih. H. Cook, Oleander
8,150 00
,
APR. 13
THE CHRONICLE
1907.]
awarded to the Citizens’ Bank Co. of
Authority Act 21, Chapter 3, Title 3, Part 3 of Political
Code of California.
Denomination $800. Date March 11
1907.
Interest annually at the County Treasurer's office.
Maturity, $800 yearly on March 11 from 1908 to 1917 inclus¬
Bonds are tax exempt. Assessed valuation 1906,
ive.
$338,882.
Commercial &
Following
are
Rushsylvania and the
Savings Bank Co. of Beilefontaine at 101.033.
the bids:
Citizens’ Bk. Co..
Rushsylv.'i$12,124! R. Kleybolte 6c Co., Cln.(5s).$12,050
! W. J. Hayes &. Sons, Cleve.. 11,745
Comm.&Sav.Bk.Co.,Bellefonj
Bank and the Wilber National Bank, both of Oneonta, at
Saginaw, Saginaw County, Mich.—Bond Sale.—On April 8
(serial) coupon water refunding
p. 829, were awarded to local
parties at par. These securities are part of an issue of
$22,000, of which the remaining $2,000 bonds will be taken
by the Trust Fund.
* *
and accrued interest for 4s. No award was made of the
$100,000 school-building bonds offered on the same day.
Bond
the $20,000 4%, 2-5-year
bonds described in V. 84,
Oneonta Union Free School District No. 5
(P. O. Oneonta),
N. Y.—Bond Sale.—On April 9 the $10,000
1-20-year (serial) registered or coupon school-building bonds
described in V. S4, p. 767, were awarded to the First National
Otsego County,
St. Bernard (P. O. Cincinnati), Hamilton County, Ohio.—
par
Offering.—Proposals will be received until 12 m. May 11
by George Schroeder, Village Clerk, for the following bonds:
Orchard Mesa Irrigation District, Mesa County, Colo.—
$0,500 00 4 % water works and electric-lleht plant extension bonds.
Au¬
thority Section 2835 of the Revised Statutes.
Denomination
Date April 20 1907.
$500.
Interest semi-annually at the
Bond Offering.—Proposals will be received until 2 p. m.
April 30 by E. E. Udlock, Secretary, at No. 121 South Fifth
Street, Grand Junction, for $175,000 6% water-works bonds.
Authority Act of General Assembly, approved April 10 1901.
Denomination $1,000.
Interest semi-annually on April 1
and Oct. 1.
Certified check for $1,000, payable to the
County Treasurer, is required. Bids for less than 95 will
not
Citizens* Bank of St. Bernard.
Maturity April 20 1937.
1,868 23 4% street-improvement assessment bonds.
Authority Sections
87 of the Municipal Code.
Denomination $186 82.
Date
Feb. 9 1907.
Interest annually at the Citizens’ National
Bank of St. Bernard.
Maturity one
from 1908 to 1917 inclusive.
Osyka, Pike County, Miss.—Bond Sale.—On April 2 the
Otoe
County (P. O. Nebraska City), Neb.—Description of
are informed that the 3.70% coupon refunding
issue recently awarded to the State Board Lands and Funds
(V. 84, p. 767) consists of a single bond of $75,000. Date
Bonds.—We
1907.
Interest semi-annual.
Maturity March
funding water bonds.
annually in Boston.
..Date June 1 1907. Interest semi¬
Maturity June 1 1927, subject to call
after June 1 1917.?
1
Sapulpa, Ind. Ter.—Bond Election.—An election will be
April 15 to vote on the question of issuing $.50,000 sani¬
held
Owensboro, Daviess County, Ky.—Description of Bonds.
are advised that the $35,000 4% water-works bonds
recently awarded to Rudolph Ivleybolte
Co. of Cincinnati
(V. 84, p. 829) are dated Jan. 1 1907. Denomination $500.
Interest semi-annual.
Maturity Jan. 1 1937.
Packwaukee, Marquette County, Wis.—Bond Offering.—
Proposals will be received until 9 a. m. April 20 by the
Board of Supervisors at the office of the Town Clerk for
$2,000 5% bridge-building bonds.
Maturity Feb. 1 1908
tary sewer-system, water-works-extension and school-build¬
ing bonds.
Shelby, Richland County, Ohio.—Bond Sale.—On April 9
the $3,500 4% 1-5-year (serial) coupon sanitary sewer bonds,
described in V. 84, p. 710. were awarded to the Citizens'
Bank of Shelby at 100.035—a basis of about 3.988%.
This
was the only bid received.
Securities are dated April 11907.
South Park School District No. 6, Jefferson County, Tex.
—BondTOffering.—Proposals will be received until 8 p. m.
April 20 by J. C. Eisentraut, President of School Board
(P. O. Box 317, Beaumont), for $23,000 improvement
bonds.
Certified check for $1,000 required.
Springfield, Clark County, Ohio.—Bond Sale.—On April 9
the $40,000 4% coupon intercepting-sewer bonds described
in V. 84. p. 650. were awarded to the Citizens’ National Bank
of Springfield at 103.057 and accrued interest—a basis of
about 3.771%.
The following bids were received:
—We
and Feb.
Feb..9
paid by purchaser.
Salem, Mass.—Temporary Loan.—This city has negotiated
a loan of $25,000 maturing Oct.
15 1907 with the Asiatic
National Bank of Salem at 5.61% discount.
Salem Depot, Rockingham County, N. H.—Bond Offering.
—Proposals will be received until 12 m. April 16 by Charles
A. Kimball, Chairman Board of Selectmen, for $50,000 4%
$10,000 6% 20-year school-building bonds described in V. 84,
p. 709, were awarded to the Thomas J. Bolger Co. of Chicago
Purchaser to furnish blank bonds free of cost.
at 102.
1
on
Accrued interest to be
be considered.
March
1927.
bond yearly
1
1909.
Painesville, Lake County, Ohio.—Bond Offering.—Pro¬
posals were asked for up to 7 p. m. yesterday (April 12) by
E. J. Lynch, Clerk of Sinking Fund Trustees, for $5,000 4%
coupon electric-light bonds.
Denomination $500. Date
March 1 1907.
Interest semi-annual.
Maturity $500 each
six months from March 1 1915 to Sept. 1 1919 inclusive.
The result of this offering was not known to us at the hour
of going to press.
Paulding, Paulding County, Ohio.—Bonds Not Sold.—No
sale was made on April 6 of the $13,000 4% 20-year coupon
refunding bonds described in V. 84, p. 648.
Plant City, Hillsboro County, Fla.—Bond Sale.—On April
1 the $25,000 water-works and $5,000 sewer 6% 20-year
coupon bonds dated May 1 1907 and described in V. 84,
p. 710, were awarded to the New First National Bank of
Ctc. Nat. Bk., Spriniftield-$41.223 00: Hayden, Miller * Co.. CIev*40.4it 00
R. Kleybolte «Sc Co.. Cine. 40.939 00 A. Kleybolte 4b Co.. CLacin 40.200 00
Western-Germ. Bk., On. 40.810 00 W. J. Hayes db Sons. Cleve 40.037 00
Atlas Nat. Bk.. Cincinnati 40,602 50:
Spring Lake (P. O. Spring Lake Beach
Monmouth
County, N. J.—Bonds Not Sold.—No award was made on
April 8 of $60.000 4%>% 30-year beach-improvement bonds
offered on that day.
Denomination $1,000. Date Jan. 1
1907.
Interest semi-annually at. Spring Lake.
Bonded
Columbus.
debt at present $139,500.*
Assessed valuation $2.000.000.
Pontiac, Oakland County, Mich.—Bond Offering.—Pro¬
Sterling Township, HI.—Bond Sale.—This township on
posals will be received until 7 p. m. April 15 for the $6,000 ! March 28 awarded $22,500 4 %%. bridge bonds to N. W.
5% coupon street-paving bonds mentioned in V. 84. p. 710. j Halsey at private sale. Denominations $1,000 and $500.
Denomination $1,000.
Date March
15
1907.
Interest Date
April 3 1907. Interest semi-annual. Maturity from
semi-annually at the City Treasurer’s office. Maturity j 1924 to 1927 inclusive.
$1,000 yearly on March 15 from 1908 to 1913 inclusive.
Sweden’and Clarkston School District No. 9, N. Y.—Bond
Portland, Me.—Temoorary Loan.—On April 8 this city j Sale.—On March25 this district awarded $20,000 5%
^ramawarded $100,000 of the temporary loan notes offered on j
mar-school-buikiing bonds to W. J. Hayes & Sons of Cleve¬
that day (V. 84, p, 829) to Luring, Telman
Tupp'd* of ; land at 104.10 and accrued interest. Denomination $1,000.
Boston at 5.47% discount.
Date Aug. 7 1906.
Interest annua!. Maturity $1,000
Pulaski County (P. O. Little Rockh Ark.—Bond Sale.— i yearly on Aug. 7 from 1907 to 1926 inclusive.
This county on March 25 awarded $335,000 4%% refunding
Syracuse, Onondaga County, N. Y.—Bond Offering.—
bonds to the Mercantile Trust Company of St. Louis at
Proposals
will be received until l p. m, April 24 bv R. J.
“about 100.50.”
Denomination $1.000-.
Date July 1 1907. i Shanahan.
City Comptroller, for $225,000 4% registered
Interest-semi-annual.
Maturity part yearly for twenty years, j high-school boiuls. Authority Chapter 659. Laws of 1905. as
Rochester, N. Y.— Temporary Loans.— The following bids amended by Chapter '258. Laws of 1906. and Chapter 58.
were received on
April 10 for $237,500 two-months’ notes Laws of 1907. Date May 15 1906. Interest semi-annually
in anticipation of taxes and $100,000 eight months' local
at tin* Lnited States Mortgage A trust Co. in New York City.
improvement renewal Hides:
Maturity $11,250 yearly on May 15 from 1907 to 1926 in¬
iiJ100.000 8 mos.
Rochester Savings Uk., Rochcsn*<
o % hluI
clusive.
Bonds w ill be certified. to as to their genuineness
p:vm
/t 100,000 H mos. or 1* mos. — Mon too County Savings Uk
by
the
bulled
States Mortgage A trust Co. in New York City.
Hoehrstvi*
aint
:
>.> p;vm
d 237.300 2 mo.
I haul & Goodwill. New Vink
ft % mat $0 i»n*tu.
Tisbury
VP.
O. Vineyard Haven\ Dukes County, Mass. 100,000 K mo.
Rochvslei Sms. Bk.. Rochester
J % ami >3 prcui.
Bond (Offering.
loo.ooo k mo. or 2 mo. -Security Tr.'t'o., Hochestet
>
Proposals will be received until April 20 for
100,000 (4 mo. --Adams * Vo.. New York
.5.43 % aiul >4 30 prem.
the $95,000 4% coupon water-supply-system bonds men¬
tioned in \ 84. p. 829.
Awnuli-il >100,000 S months notes,
Vuthoritv Chapter 394. Statutes of
b Awarded >100,000 2 mouths
noles.
0 Awnuled >137.300 2 months notes
1905.
Denomination $1,000.
Date Sept. 1 1906.
Inter¬
Maturity yearly on Sept. I,-$2,000 from
Rocky River School District (P. O. Rocky River \ Cuya¬ est semi-annual.
hoga County, Ohio.
Bond Sole. On April l tin* $7,500 1907 to 1916 iucUtsrie: $5,000 from 1917 to 1926 inclusive;
l %%, coupon scluud building bonds, described in V. St, p.
$1,000 from 1927. to 1981 inclusive; and $5,000 from 1932 to
1986 includAe.
587, were awarded to Seasongood ^ Maser, of Cincinnati.
for ,$7,703 (.103,00!
a basis of about 4.023%
Travis County Common School District, Tex
Bond Sale.
this dUtrict recently awarded the $2,280 5%-bonds men¬
Rome, Floyd County, Oa.
Bond Electi >u
I’he Cir> '
tioned iu \ .84, p U>9, to the Burleson County School Fund
Council lias decided to call an election Vpnl 10 to vote on a
iVnominatien $114
Date Sept, t 1906.
Ma¬
proposition to issue $175,000 electric-light plant, sower and at par.
si retd paving bonds.
turity Sept l 1926. subject to call after Sept. 1 1921
XJtica. Oneida County. N. Y.
Bond Offering. Jehu V.
Ruuiniylvaiua Union School District VP O. Rushsylvamah
Logan County, Ohio.
Bond Sale
t*u Vpril 5 the $tJ IKK* Cantwell. City Clerk, will offer at public auction at 12 m..
\ pnl 19
the following bom Is. aggregating >5 i 807 98.
t‘y school building bonds described in V. SI p 710 wv.v
,
•
-
.
.
.
.
.
..
.
.
.
.
-
.
•
(.•
.
•
888
$10,028
10.753
10,051
3,834
THE CHRONICLE
83
38
53
19
4% paving bonds.
Date
Date
Date
Date
4 % paving bonds.
4 % paving bonds.
4 % paving bonds.
Nov. 16 1906.
Dec.
7 1906.
Jan. 18 1907.
Mch. 15 1907.
Authority Section
Chapter 288 of the
[VOL.
LXXXIV
Watertown, Mass.—Temporary Loan.—On April 8
a
$150,000 loan in anticipation of taxes was
negotiated with
Tolman
Loring,
& Tupper of Boston at
5.47% discount.
Notes mature Sept. 20 1907.
99 of the City Charter as amended
by
Laws of 1903.
Interest annual.
Ma¬
turity one-sixth of each issue yearly. Certified check for
2% of bonds bid for, drawn on a national or New York State
bank or trust
company, and payable to the Cit\r
Treasurer,
is required.
The first three-mentioned issues in above
table were offered, but not awarded,
on March 15.
Watsonville School District (P. O.
Watsonville), Santa
Cruz County, Cal.—Bonds
Defeated.—The election held in
this district on March 22 resulted in the
defeat of the
propo¬
sition to issue the $30,000
5% 10-year school bonds men¬
tioned in V. 84, p. 651.
Vallejo High-School District, Solano County, Cal.—Bond
this district awarded $60,000
6% gold
coupon high-school bonds
Waukesha, Wis.—Bond Offering.—Proposals will be re¬
April 22 by John Brehm, City Comp¬
troller, for $70,000 4% coupon bonds
Sale.—On April 1
Oakland
at
the bids:
to the First National
121.65—a basis of about
4.10%.
First Nat. Bank. Oakland.872.990
Citizens’ Bk. of Vallejo,Val 70,340
Amer. Sav. Bk.. Los Ang._
70,255
Merchants’Tr.Co., Los Ang 70,050
E. M. Wilson. Vallejo
69,362
Denomination $500.
nual.
Bank of
Following
are
00! W.R.Staats Co..Los
Ang..80S,227 50
00 Los Angeles
Tr.Co.,Los An. 67,500 00
00 X. W. Halsey & Co.,SanFr.
66,500 00
00 Vallejo Com. Bk.,
Vallejo. 65,000 00
00]
Date April
Maturity $6,000 yearly
inclusive.
on
1907.
1
Interest
April 1 from 1918
an¬
to 1927.
ceived until 7 p. m.
for the purchase of the
plant of the Waukesha Water-Works.
Chapter
40a, Section 925-133, Statutes of 189S, Authority
and amendments
thereto.
Denomination $500. Date May 1 1906.
Interest
semi-annually in Waukesha. Maturity oii May 1 as follows:
$2,000 yearly from 1908 to 1912
inclusive, $3,000 yearly
from 1913 to 1916
inclusive, $4,000 yearly from 1917 to
1920 inclusive, $5,000
yearly from 1921 to 1924 inclusive,
$6,000 in 1925 and $6,000 in 1926. Bonds are
taxation.
Purchaser to pay accrued interest. exempt from
#
Waltham. Mass.—Temporary Loan.—A loan of
$75,000
has been negotiated with
Loring. Tolman & Tupper of Boston
at 5.33%
discount. Loan matures Nov. S 1907.
Waterbury, New Haven County, Conn.—Bond Offering.—
Proposals will be received until 8 p. m. May 6 by William
H.
Sandland, City Clerk, for $200,000 4% coupon paving bonds.
Authority resolution of General Assembly, approved March
14 1907.
Denomination $1,000.
Date Jan. 1 1907.
Inter¬
est
semi-annually at City Treasurer’s office. Maturity Jan. 1
1927.
Certified check for 1% of-bonds bid
for, payable to
the City Treasurer, is
required.
Bonds will be certified to as
to genuineness
by the Columbia Trust Co. of New York
Waterbury, Conn.—Bond
CitjT.
Bills Pass Senate.—The Senate
has passed bills permitting the
city of Waterbury to issue
street-improvement bonds.
Waterford, Conn.—Bond Bill Passed by Legislature.—The
State Legislature has authorized the
issuance of $100,000
bonds.
$400,000
water
and $150,000
Wauseon School District (P. O.
Wauseon), Fulton County,
Ohio.—Bond Offering.—Proposals will be
received until
12 m. April 25
by G. B. Tuthill, Clerk, for $35,000
school-building bonds. Authority Sections 3991 and 4y2%
3992
of
the Revised Statutes of Ohio.
Denomination $1,000.
Date April 25 1907.
Interest semi-annually on
May 1 and
Nov. 1.
Maturity $1,000 May 1 1909 and $1,000 each six
months from May 1 1910 to Nov. 1 1926
inclusive. Certified
check for 1% of the amount bid
for, payable to the Treasurer
of the
Board, is required.
Purchaser
Waveland School District (P. O.
Waveland), Montgom¬
ery
Waverly, Humphrey’s County, Tenn.—Bonds Voted
On April 3 this city authorized the
issuance of $9,000 college¬
building bonds.by a vote of 110 to 27.
—
NEW
*1,000,000
LOANS
*38,000
Borough of Tarentum Pa.,
CHARLESTON, S. C,
4% 30-Year
accrued interest.
County, Ind.—Bonds Defeated.—The election
April 2
resulted in the defeat of the
proposition to issue bonds for
an addition to the
public-school building. The vote was
66 “for” to 76 “against.”
NEW LOANS.*
CITY OF
to pay
Coupon Bonds
Bonds
The City of Charleston
proposes to offer One
bonds, however, to be issued upon cancellation
Million Dollars (81,000.000) of 30-year
bonds, of similar amounts of the 4 Per Cent
with Interest at 4 per cent,
Coupon
payable semi annually,
Bonds of the City of Charleston,
on the 1st of July and
falling due Janu¬
January, under the author¬ ary 1 or July 1. 1909,
which may be held .-by the
ity of an Act of the General Assembly,
City of Charleston, or purchased under the terms
An Act to authorize the City Council of entitled,
Charles¬ of the bid next hereafter called
for.
ton. S. C.. to issue Coupon Bonds at a rate
of
THIRD. — For the sale of portion of the
Interest not exceeding 4 per cent
present
per annum, for
issue
of 4 Per Cent
the purpose of taking
Coupon Bonds of the City of
up or exchanging the 4 per Charleston
maturing July 1 or January 1, 1909,
cent coupon bonds of said
city, maturing on not exceeding 81.000,000, with all
January 1 and July 1, 1909,” approved on the thereto
Coupons
attached falling due after
13th day of February, 1907.
July 1, 1907,
in
on the first
payable
cash
of
And of an Ordinance of the
day
July, 1907.
City of Charleston
in the event of
over-subscription at acceptable
entitled, "An Ordinance to provide for issuing figures in
any of the above cases a
Coupon Bonds with Interest at the rate of 4 per allotment will be
proportionate
made.
cent per annum for the
purpose of taking up or
Each successful bidder will be
required to de¬
exchanging the 4 per cent Coupon Bonds maturing posit with
City Treasurer within 24 hours a satis¬
on January 1 and
July 1. 1909,” ratified on the factory
Surety Bond or a certified check for 5 per
I2tb day of March. 1907: "In
exchange for One cent of the amount of bid awarded to him
Million Dollars '81,000,000) of the aforesaid 4
as se¬
per
curity for his
cent
City of Charleston 4 Per Cent Coupon* bid; and in thecompliance with the terms of the
event of non compliance, sealed
Bonds, maturing January 1 or July 1. 1909, with
bids to be called for at a period not
ail coupons on the said bonds
less than 15
falling due subse¬ days for the amount defaulted
on, and any loss
quent to July 1, 1907, and for this
purpose Invites to the city by reason of the re sale
to lie deducted
the following:
out of the deposit or to be
paid by the makers or
Sealed bids will be received by the City Treas¬
sureties on the bonds of bidders.
urer on or before 12 o'clock
on
In the event of any bidder not
WEDNESDAY,
MAY 15. 1907.
depositing a
certified check or a bond within 24
FIRST.—For the purchase of all or any portion to have
hours, the city
the right either of
of an issue of 81,000,000 of the aforesaid 30
canceling
the said bid
and of accepting that of
year
4 Percent Bonds; the
principal payable in 4 Per holding the bidder liable another bidder, or of
thereon.
Cent Coupon Bonds of the City of
The city further reserves the
Charleston,
right to reject
maturing January or July, 1909, with all Coupons
any or all bids made.
thereon falling due subsequent to
July 1, 1907;
These Bonds are exempt from
and any premium bid payable in
State, County
cash; settle
and City Taxes, and In the
hands of banks In
ments to be made on July
1, 1907.
Charleston
their
exempt
shareholders from all
SECOND.—For the purchase of all or any por¬ taxes to the
extent of the holding as Is now
tion of an Issue of $1,009,000 of the
the
aforesaid ease with 4
per
cent
Brown
State Bonds.
JU-year 4 Per Cent Bonds, payable In cash; said
Sealed bids will be received
until MONDAY.
APRIL 22. 2 o’clock
p. m., by W.A.
Gibson,
Secretary of the Borough of Tarentum,
Tarentum,
Pa
for the purchase of $28,000
coupon bonds,
dated May 1st, 1907,
denomination $1,000 each,
numbered consecutively from 415
to 442,
bear
Ing Interest at 4 14% per annum,
payable semi¬
annually from date hereof, free of tax to
holder,
and shall mature as
follows;
Bonds numbered
from 415 to 424 Inclusive
May
1 1927; Bonds
numbered from 425 to 434
inclusive. May 1. 1932.
Bonds numbered from 435 to
442 inclusive. May 1,
1937, for the payment of
costs, damages and ex¬
penses of grading, curbing and
paving and for
sewering of the streets and alleys of
said
,
of
Borough
Tarentum.
A
certified check In the sum of
$500 must
accompany each proposal, payable to order of
Mr.
A
J,
Fulton, Borough
Treasurer.
The
right to reject
Borough of Tarentum reserves the
any or all bids.
W. A.
H. W. NOBLE t
COMPANY.
Detroit.
New York.
Philadelphia.
MUNICIPAL
AND
,
,
GIBSON,
Borough Secretary.
PUBLIC 8ERVICE CORPORATION
BONDS.
INVESTMENT BONDS
LlaU upou request.
Blodget, Merritt
& Co
Spsoiallst* InlNtw Jersey Securities.
,
BANKERS,
60 State Street, Boston
KlRAMIAt ftTRUCT, ft£W VOES.
8TA1X CIff * ttJJMtOAI*
Mac Donald, McCoy
mintct pal
a ad
BONDS
& Co.,
corporateh
BOND8.
lit La Sake
Street, Chicago.
eisele & King,
BANKER8,
Maui here of New York and
Philadelphia
HbccJi Exchanges.
Pri vale Wires to
M.Y. ,oiA Philadelphia,
737-TCHJ Broad Ht.
NEWARK.
Denison &
CLUVULAND aud PHIiiADKLPUIA.
Ketnbliabed 1(0*0.
H. C.
Speer & Sons Co;
First Nat. llmik
CITY
F. B. SHERMAN & CO.
MUNICIl'AL
I
COliFUMATIUN
205 U Salle
)
Farnsworth,
BOUTON
Iliilldlng, Chicago
nAsir>Q
COUNTY
AND TOWN8HIP
THE
BONDS
8treet, CHICAGO
Northern Audit
74
Itruad way,
CHAS, GE18W0LD
Company,
New York
B0UHNE, President
Telephone 61 hi Jluofur
Ape. 13
THE CHRONICLE-
1907.]
Waynesboro, Augusta County, Va.—Bonds Voted.—This
place, according to local reports, has voted to issue $10,000
street-improvement bonds.
Webster County (P. O. Red Cloud), Neb.—Bond Election.
—An election will be held April 30 to vote on the question of
issuing $75,000 court-house bonds.
Wellington, Lorain County, Ohio.—Bonds Defeated.—An
election held March 26 resulted in the defeat of a proposition
to issue $28,000 paving bonds by a vote of 114 “for” to 2S0
“against.”
West Allis, Milwaukee County, Wis.—Bond Offering.—
Proposals will be received until 2 p. m., April 20, by the
Finance Committee and F. E. Walsh, Mayor, for the $20,000
4^>% coupon school-building bonds mentioned in V. 84,
Denomination $1,000. Date May 1 1907. Interest
p. 176.
semi-annually, February andAugust, at the German-American
Bank, Milwaukee. Maturity SI,000 yearly on Feb. 1 from
land at
$2,000
$5,500
ErleSt.Imp.Bds. ErleSt.Imp.Bds.
..$2,021 00
2,020 00
$5,591 00
MacDonald, McCoy & Co., Chicago
2,011 50
Provident Savings Bank & Trust Co.. Clncln.. 2,008 40
5,573 13
Denison & Farnsworth, Cleveland..
6,585 00
W. C. Collester, Willoughby
The Cleveland Trust Co., Cleveland
Wright County (P. O. Clarion), Iowa.—Bond Sale.—On
10-year ditch bonds was
Bond
Mortgage Co. of
being 100.596. Interest
March 5 an issue of $57,000 6%
awarded to the Wm. R. Compton
Macon for $57,340, the price thus
semi-annual.
Yates Centre, Woodson County, Kan.—Bond Sale.—On
March 1 an issue of $10,000 4J^% school-building bonds was
awarded to the State of Kansas at par.
Denomination $500.
Date Jan. 1 1907.
Interest semi-annual.
Maturity $500
each six months from Jan. 1 1908 to July 1 1912 inclusive.
Youngstown, Mahoning County, Ohio.—Bond Sale.—The
on April 8 for the $40,000
5% 6-year (average)
West Federal Street widening bonds, the $2,100 5% 2boyear (average) Broadway extension bonds, and the $3,945
o.% 3)4-year (average) Oak, Watt and Raven avenues sewer
bonds described in V. 84, p. 651 were as follows:
County, N. J.—Bonds Not Sold.
April 2 for the $200,000 4po%
30-jrear coupon or registered improvement certificate funding
bonds, a description of which was given in V. 84, p. 769.
West Seneca (Town), Erie County, N. Y.—Bond Offering.
Proposals will be received until 4p.m. April 25 by Henry
C. Lein, Town Supervisor, at the Town Clerk’s office on the
Boulevard near South Park Avenue, for $225,000 5% regis¬
tered or coupon sewer bonds.
Authority Chapter 816,
Laws of 1895, and amendments thereto.
Date April 1 1907.
Interest semi-annually at the Lackawanna National Bank
of West Seneca.
Maturity $37,500 on April 1 1913 and
S7,500 yearly on April 1 from 1914 to 1938 inclusive. An
unconditional certified check for 2% of bonds bid for, drawn
upon some incorporated bank or trust company, is required.
The town has no bonded debt at present.
Assessed valua¬
tion 1906, $7,162,240.
Willoughby, Lake County, Ohio.—Bond Sale.—On April 1
the $2,000 414% 3^-year (average) Erie Street improvement
bonds (village’s portion) described in V. 84, p. 651, were
awarded to W. C. Collester of Willoughby at 101.05—a basis
of about 4.175%; while the S6,500 414% 5)4-year (average)
Erie Street improvement assessment bonds offered on the
bids received
$40,000
$2,100
W. Federal St.
Broadway
Widening Bds. Extens'nBds.
Well, Roth »Sc Co., Cincinnati
u$42,050
Firemen’s Pension Fund, Youngst’n
Seasongood & Mayer, Cincinnati...
42,027
Hayden, Miller <Sc Co., Cleveland
42,022
Breed & Harrison. Cincinnati
42,000
Lamprecht Bros. & Co., Cleveland-. 41,929
Denison & Farnsworth, Clev. A Bos. 41,864
Rudolph Kleybolte & Co., Cincinnati 41.852
Otis & Hough. Cleveland
41 833
Security Sav. Bk. A Tr. Co., Toledo. 41,800
New First Nat. Bank. Columbus
41,520
W. J. Hayes A Sons, Cles'eland
41,434
Provident Sav. Bk. A Tr. Co., Cine. 40,908
Parkinson A Burr, Boston
40,644
Albert Kleybolte A Co., Cincinnati. 40,200
Brighton-German Bank. Cincinnati.
a
These bids
aZ. 139 48
a4.04678
$2 121 50
2.107 50
$4,027 00
3.985 00
4.017 00
50
50
00
00
25
00
00
00
00
00
00
00
00
2,122 00
s
2,127 50
2,126 00
2,123 00
.
4.040 50
4,010
66
successful.
All bids include accrued interest.
•
#1,165,500
New
were
$3,945
Sewer
Bonds.
00
Dime Savings Bank. Akron
Croghan Bk. A Sav. Co., Tremont..
NEW LOANS.
OF
day
were awarded to the Cleveland Trust Co. of Cleve¬
101.40—a basis of about 4.187%.
The following
bids were received:
same
1908 to 1927 inclusive.
West New York, Hudson
—No bids were received on
CITY
889
NEW LOANS.
#1,000,000
NEWARK,
of
Jersey
Chattanooga, Tenn.,
SCHOOL BONDS
IMPROVEMENT BONDS
Sealed
proposals will be received by the Comp¬
City of Newark. New Jersey, until
three o’clock p. m., on Friday, the nineteenth
day of April, nineteen hundred and seven, at his
office In the City Hall, City of Newark, New Jer¬
sey, for the purchase of any or all of an Issue of
troller of the
SEALED BIDS will be received until 3 o’clock p. m.. on Tuesday, May 7th. 1307. for one thou¬
sand thirty-year 4
per cent semi-annual coupon bonds of the City of Chattanooga. Tennessee,
for one thousand dollars each, dated July 1, 1907, principal and interest payable at National City
Bank. New York City.
of the City of
All of said Issue of bonds will be denominated "Public Improvement Bonds
Chattanooga of 1907.”
They are issued for the following purposes:
For funding indebtedness for purchase of wharf. City Hall k*. etc—
For Streets
5100.000
350.000
350.000
300.000
50.000
50.000
-
$1,165,500 OF SCHOOL BONDS.
They will be dated May tlrst, 1907, will be
fifty-year bonds,and bear Interest at the rate of
four
and will contain a
clause giving the City of Newark the option to
pay the same at any time after forty years from
their date.
They will be Issued as tax-exempt
registered or coupon bonds.
Bids to be accom¬
panied with a certified check for 2)1% of face
per
cent
per
annum,
amount of bonds bid
for.
Circulars giving: conditions
governing: bids and
particulars respecting the finanelal condition of
the City will lie mailed upon request.
J. H. BACH ELLER.
Comptroller.
City Hall. Newark. N. J.
For
For
For
For
Sewers
-
—
-
1
City Hall
Parks
—
-
Fire Halls and Police Equipment
-
,
Bids will be received for the entire issue. $250,000 to be delivered and paid for on July 1. 1907,
and the remainder In Installments of $230,000, at intervals of six months from July 1, 1307.
Bids will also be received for the entire Issue to be delivered and paid for on July l. 1907
Separate bids will also be received for any part of said tssue. the bidder Indicating the number
of bauds for which he bids, or If be desires, specifying the maximum and minimum number be will
take at the price offered by him
~
Each bidder may bid on any or all of the plans Indicated.
All proposals must be accompanied by a certified check, payable to the order of T. J. Gillespie,
City Treasurer, for one per cent of the amount of bonds bid for, the same to be forfeited if the bidder
shall fall to accept and pay for bonds awarded.
^
The successful bidder or bidders will be required to settle for the bonds at or before 12 o’clock m.,
Monday. July 1.
The right to
1907.
reject
any
and all bids Is reserved.
Address ail >Uts to
WILLIAM
L.
FRIERSON.
Mayor of Chattanooga.
Albert
Kleybolte & Co.,
409
Walnnt
Street,
ERVIN
&
COMPANY,
CINCINNATI, O*
llltfh-Crade
Public
Service
Securities
Ooiroapomteuoo SolioKed
L.
BANKERS,
Municipal,
County,
State,
and
R.
.
BONDS
43
DAY
Exchange,
} Philadelphia Stock Yxcham**.
BANKERS,
FOR
Kxchange Place,
35
NEW Y0KK,
INVESTMENT
BOSTON.
Drexol Building,
Philadelphia.
New York
AN»
City Bonds
Street,
BOSTON.
STATIC, COVNTY
CITY
14\KS
MUNICIPAL AND RAILROAD
BONDS.
LMV
ON
Al'I'Lll'.VTION.
BONDS
with
SEASON GOOD & MATES,
Uercttuttlc Library
HulldtJUg,
CINCINNATI.
COUPONS
*!TNvk}t
&orq«re. or
ly pruned frout type.
60 State
$ Nassau Street,
Cougrcsa Street,
KXlSttPT KHOU
INVESTMENT BONDS.
CO.,
^ Nnr York Stock
Now York
Perry, Coffin ft Burr,
&
Penn.
DELIVERED
i'.tJwgrwjMea. or
tuxer. *A*u
If the
IN FEW
(Ntrt-
be
DAYS
CeruflcaU** engraved in beat uiauu«r, or oartlv
lithographed and
o:y pruned
ALBERT B, KINO ft C\).}5NWBroadway.
N.Y.
Fte
890
THE CHRONICLE.
Ml
[VOL.
ffimmcial.
OFFICE
OF
LXXXIV.
Ifimractal
THE
GkSSSJS° $11,000,000
ATLANTIC MUTUAL INSURANCE COMPANY. TITLE guarantee
New York,
T
andTRUST COMPANY
January 22d, 1907.
Trustcis. in conformity with the Charter of the
Company, submit the following statement of Its affairs
on the 31 st of
December, 1906.
Premiums on Marine Risks from 1st
January, 1906, to 31st December, 1906
$3,190,241 67
Premiums on Policies not marked oil 1st
January, 1906.
582,191 98
Total Marine
198
Montague Street, Brooklyn Banking Dept.
Examines £ guarantees Real Estate
Titles,
Loom
Premiums..
Losses paid during the year which
were
on Bond and
Mortgages
ReceivesDepoeite subject
Does all Trust
estimated In 1905)
257,367 31
$1,061,674 15
$62,411 11
Expenses, Including officers’ salaries and clerks’
compensation, sta¬
tionery. newspapers, advertisements, etc
$344,098 27
The Company has the
following Assets, viz.:
United States and State of New York Stock,
City, Dank and other Securities
Special deposits in Banks and Trust Companies
Real Estate corner Wall and William
Sts., and Exchange Place
..$4,299,000 00
Other Real Estate and claims due the
Company
75,000 00
$5,697,108 00
700,966 67
CLARENCE H. KELSEY, President.
FRANK BAILEY, Vice President.
4,374,000 00
EDWARD O. STANLEY, Second Vice President.
1,191,974 88
-
Manager Banking Department.
CLINTON D. BURDICK, Third Vice President.
J. WRAY CLEVELAND,
Secretary.
271,142 54
562,631 63
*
—
ARTHUR TERRY. Treasurer.
$12,797,823 72
—
FRANK
A dividend of Six per cent interest on
the outstanding certificates of profits will be
paid to the
holders thereof, or their legal
representatives, on and after Tuesday the Fifth of February next.
The outstanding certificates of the issue
of 1901 will be redeemed and paid to the holders
thereof,
cr their legal
representatives, on and after Tuesday the fifth of February next, from which date
ail Interest thereon will cease.
The certificates to be produced at the time of payment, and canceled
A dividend of Forty per cent is declared on the net
earned premiums of the Company for the
year ending 31st December, 1906, for which,
upon application, certificates will be Issued on and
after Tuesday the seventn of
May next.
STANTON
W. H. H.
Boom No. 518 Atlantic
Building,
48-61 Wall Street.
NEW YORK.
A.
A.
MOORE,
NICHOLAS F. PALMER,
HENRY PARISH.
DALLAS B. PRATT.
GEORGE W. QUINTARD,
gttfltmeevg
A. A. RAVEN,
JOHN L. RIKER,
H.
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB,
WILLIAM A. STREET.
CHARLES H. MARSHALL,
Manager Brooklyn Banking
JOHN M. GILLESPIE,
FLOYD-JONES, Secretary.
TR USTEES.
HERBERT L. GRIGGS,
CLEMENT A. GRISCOM,
ANSON W. HARD.
MORRIS K. JESUP.
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT.
CH ARLES D. LEVERICH,
LHANDER N. LOVELL,
GEORGE H. MACY.
SNIFFEN
AUu*& areisssssrea ^
c
Q.
L.
Department.
By order of the Board,
ri
CHARLES A. PEABODY.
JACOB H. SCHIFF.
JAMES SPEYER.
EDWARD O. STANLEY
'
Premium notes and Bills Receivable
Cash in hands of European Bankers to
pay losses under policies payable In foreign
countries
Cash In bank..
'
—
Oompany Business,
In Charge of Banking Interests
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MARSTON.
WILLIAM H. NICHOLS.
JAMES H. OLIPHANT.
Returns of Premiums
Aggregating
check, allowing
FINANCE COMMITTEE;
$300 ,817 14
1.009 .224 32 $1 ,319,041 46
$107 ,176 57
150 .190 74
Mortgage,
to Investors.
to
Interest.
.
GUSTAV AMSINCK.
FRANCIS M. BACON.
JOHN N. BEACH.
WILLIAM B. BOULTON,
VERNON H. BROWN.
WALDRON P. BROWN.
JOSEPH H. CHAPMAN.
GEORGE C. CLARK.
CLEVELAND H. DODGE,
CORNELIUS ELDERT.
RICHARD H. EWART,
Money
FumAshee
December 1906...
$356 .457 9S
125 ,501 85
$481,950 83
UR:
176 Broadway, New York.
175 Rerasen Street, Brooklyn.
..
M.
Brinckerhoff,
Formerly General Manager and Electrical
Engineer the Metropolitan West Side Ele¬
vated Kii., Chicago,
RAVEN. President.
CORNELIUS ELDERT. Vice-President.
JAMES L. LIVINGSTON. ">d Vire.President.
ASSOCIATED
SANFORD E: COBB, 3d Vice President.
CHARLES E. FAY, 4th Vice-President.
WITH
Wm. Barclay
Parsons,
Consulting Engineers
60 WALL ST.,
GUNN, RICHARDS
& CO.
NEW YORK
Examinations, Design, Construction
and
Operation
ELECTRICAL PROPERTIES
PUBLIC
43
EXCHANGE
ACCOUNTANTS
PLACE, NEW YORK
Unsatisfactory Oneintlon Investigated.
J.
CITY
Q. WHITE
CO-
&
r
*
Engineers, Contractor*,
43-49
Also at CHICAGO—First National Bank
Building.
MONTREAL—Bank
BOSTON—50 Congress Stree
of Ottawa
Exchange Place.
-
Bunding,
Power Plants
i|i
Adrian H. Muller & Son
AUCTIONEEB8.
I ft!
Regular Weekly Sales
Ok
STOCKS and BONDS
Krtar Wednesday..
Ofllu
No.
66
<
WILtlAJI
*/*-/<.**
Pin# Wlrrrl,
HUkk'r
Financial
Or
a
Courtship
(By Pr.sk
W.
(j.
Prlnelosl
/
Rsllla*)
The above book will be furnished
without coat on application to
E. 11 ROUJNB Ac
BONH, 21 Milk
hit., litMVjii.
Light and Electric
Finanoed, Designed and Bnilt.
Canadian Correspondents:
CANADIAN WHITE
CO., Limited,
Montreal.
Plea for Conservative
Investments
NEW YORK
London Correspondent:
Will'll: a. 1)0.,
Limited,
9 Cloak Lime, Cannon Ht„ E.
C.
J.
A
•
Investigations and Iteports on Rleotrle
Mail way, Gas, El «-4’irlc
Light* and
Power Transmission Properties
for Financial Institutions
and Investors.
Cleetrlo Railways, Electric
Pitllloplii* Oftlu*.
Moulin. P. 1.
BEADLE & MAXWELL
Gas and Electric
ENGINEERS
Heaver St.,
8 2
NEW
YORK
Examinations and Reports
FILE COVERS
WILLIAM
PINE
CHRONICLE
AND SUPPLEMENTS
1$
DANA CO., I»uhli»hei«,
STREET, CORNER PEARL STREET, NEW YORK,
ERNEST ABS-MAdEN, C.E., M.E.
CONSULTING UNO IN K1CU
Wult;r
Supply,
tisworugo HyMoiuH, Power Plunla
Auuilnm Ions noe» llepnrls on I minA iiiorli ii it industrial
Projects**
»
Hpeclnlly
1
BROADWAY
NEW YORK
Apb. 13
XY1I
THE CHRONICLE
1907.)
£rost (Corapatthes.
50
M. Louis, Mo
Capital & Surplus,
WM. MAFFITT.
Treasurer
President.
Commenced businers Nov.
A
Nov. 16. 1900
$4,429,448 02
TRANSACTS
and
1902
$21,882,734 64
526,508,716 93
BOARD OF DIRECTORS:
Chairtr.inT. JEFFERSON COOLIDC.E JK..
Gordon Abbott,
Henry S. Howe.
Walter
Hunneweti,
Oliver Ames.
Thomas L. Livermore,
C. W. Aniury,
Charles >. otelieu.;
Charles F. Ayer.
Georare v. L. Meyer.
Samuel Carr.
Laurence Mmot.
B. P. Cheney,
Kieliard Olney.
T. Jefferson Coolldge,
Robert J. Paine, ‘"d,
Charles E. Cotting,
-
COMPANY,
Frank W. Stearns,
Eugene V. R. Thayer. !
!
CAPITAL. *1.000.000
SURPLUS *1000 00}
Sale Deposit Vaults
Banking Business.
Authprxed to act is executor and to receive and
boll monev or property in trust or on deposit from
Courts at Law or Equity, Executors. Administrators,
Assignees,
Guardians,
trustees. Corporations
vaa
individuals.
Aiso acts as Trustee under Nl irtziTe-? and a- Lram:ter
and
A
ILLINOIS,
BANKING. SAVINGS AND
DEPARTMENTS.
$1,000 000
2,000,000
TRUST
Philadelphia.
SI 000 000
ileniv 1
Gao, Jr..
I low ord a. 'Graham.
Su' sin I l
IK>usto t,
.
.
A. t»
a,
Vault*
I.
\ecu tor.
Surely
Bctoine*
.1
tu stive
Complete
Ini.rest on Deposit*
,
s.tie
Transacts
BALTIMORE.
CAPITAL,
-
-
$2,000,000
DIRECTORS
of the Board
-----
a
Josiah L. Blackwell,
Grier Hersh.
G. Ciymer Brooke,
Ernest Hoen Jr.,
tl. Carroll Brown,
George C. Jenkins,
Joshua Levering.
John VV. Castles.
Joseph K. roaru.
Oscar G. Murray.
B. tloweLl Griswold Jr., Henry F. Shoemaker,
A. Barton Hepburn,
James Speyer,
John T. Hill.
Douglas M. VV\l!e.
OFFICER >
'
i
KEKSfci
GRIER
:
President
L. S. ZIMMERMAN
2d Vlce-Prest.
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr... Vssc. Treasure
IVAN SKINNER
Asst. Secretary
Co
FINANCIAL REVIEW
$500,000
100,000
Bonds.
Ott icLG^
FULLER-. President.
REDERICK K vs l EN. t iie Piet klent
GARDNER P. slUKNEV. treasurer.
OLIVER C.
Etc
bUED
1
} rates,
book of stat.stios oovortii^; »
years’ crop rigures, money
range of pp.ees tor securities, oce«
j
I-UICK, XWO DOLLARS.
\
v
R. L.
y:ii. v
suit 's
Buvs and SeUs
:•
o-’O Pajes.
General Trust Co BusmeSv
High Grade Investment
Deposit
Maryland Trust Co.
FIDUCIARY
1907 ISSUE.
Capita’,
Surplus,
Regis liar,
Set ot
AND
MILl/AUXiiS.-
Richard Wain Meirs,
Uieuiont H. Xmvbbkl,
John W
Pepper.
W ham F. Reid.
I rank .-lanuu'l.
Adam V : tub.
l.dward D
lolaud.
JoM'nh U. W. i k, i
\\ Uliam D
Ml., r.
Truun.,
I lurry i'.
FINANCIAL
Wisconsin Trust
Ttva.-urer
Trust Dept.
trust Officer
A Vast
DIRECTORS.
*. l-ewriiu: Jones,
Henry G. Brengle,
James Crosby Brown,
Malcolm Lloyd.
John
McUhenuy,
John i adwal.ailcr.
Jouopni'. EtuleV.
GENERAL
NOW READY.
a. S i l t L. President.
HENRY G,. BUENGLE, Gt V u-Pre*. A
JOS. S. CLARK. •Jd \ ice-Pres.. Superv’g
Edwin 8. Divou.
Eib'.enc. L. i lli-on,
BO ARD OF DiL.EC TOR j
William Endicoct, Jnairman.
Frederic* P. Fish.
Waiter C- Baynes.
Moms Gray.
Alfred Bowditca.
Franklin Haven.
diaries F. Cnoate.
J ames Id. Hoooer.
Alexander Cocorane.
James M. Prendergast,
Edmund D Cod man.
George S. Silsbee,
T. Jefferson Cooxidge.
Lawrence M. stocston.
Charles H. Dalton.
Nat name! Thayer.
George Dexter.
George
Wiggles worth.
Ph'hp Dexter,
David R. Whttnev
Wilt»am Fvn-nrorth.
500 OOO
BRECKINRIDGE JONES. President
JOHN D. DAVIS. Vice-President
SAMUEL E. HOFFMAN. Vice-President
JAMES E. BROCK. Secretary
HUGH K. LYLE. Asst. Secretary
HENRY C, IBBOl'SON, Asst. Secretary
C. HUNT TURNER Jr.. Asst. Secretary
LOUIS W. FRICKE. Asst. Secretary
FREDERICK V 1EKL1NG. Trust Officer
HENRY SEMPLE AMES. .Asst. Executive Officer
CHARLES M. POLK. Asst. Trust Officer
WILLIAM G. LACKEY. Bond Officer
WM. MoC. MARTIN. Asst. Bond Officer
TOM W. BENNETT, Real Estate Officer
GEO. KINGS! AND. Asst. Real Estate Officer
w. MO RATH. Safe Deposit Officer
i
.
.
PROFITS/*0 >OW,WU'
OFFICERS
JULIUS S. WALSH. Chairman
ThcTrust Company of
North America
Clark' I r..
FpkUvv B. Cove Jr..
CHARLES F CHOAIE. Vice-President.
FRANKLIN HAVEN, Vice-President.
JAMES R. HOOPER, AetUtry.
HENRY N. MARK, e*?eretir
FREO K VV. ALLEN. Asst.Sec.JkTre*s ,
THOMAS E. EATON. A»t. Treasurer.
FRANCIS R. JEWETT. Trust odloar
R. J. O'Reilly.MD
John I. Beggs
Henry W. Peters
Wilbur F. Boyle
H.
Clay Pierce
James E. Brock
J. Ramsey Jr.
Murray Carletou
Breckia'ge Jones Janies E. Smith
Charles Clark
Robt. H. Stockton
Horatio N. Davis W. J. McBride
John D. Davis
Nelson VV. McLeod Julius S. vv aiah
Aug. B. Ewing
Saunders Norvell Roila Weds
Win. D. Orthweia
.
10. \\
UrriLLifs
R. WHITNEY. President
CHARLES H. DALTON. V;ce-?resiient-
DAVID
DIRECTORS
D. R. Francis
August Gehner
S. E. Hottman
Chas. H. Hutug
$2,000 000
900,000
HAS. P. LLNEAWEAVLR. See
Agent and Registrar of otoexs and Bonds.
Interest Abo we J oo Dcoosir? nut) act to Check.
BUSINESS TRANSACTED
CHARLES G. DAWKS, ITe-tdent.
W
IKS INC! OSBORNE, Vire-PresIdent.
A. UHKLAUH. Vice-President.
WILLIAM K. DAWES. Cashier.
A^st <'a-h,er
1,. D. '■skfNNVK
WILLIAM W. GATES. Asst. Cashier.
A. cl. MANU, Secretary.
MALCOLM Mctnm *a.L, Asst Secretary.
I
Stephen M. Weld.
Sts., St. Louis
CHICAGO
AD VM
Charles W. Whittier.
Trust Company
CAPITAL, SURPLUS
TRUST COMPANY
503-605-507 Chestnut St..
George P Gardner,
Robert F. Herrick,
Mississippi
Valley Trust Co.
Fourth & Pine
Sec.
CENTRAL
C AIM I Al
Nathaniel Thayer,
Lucius Tuttie.
i
’
-
El>en S. Draper.
Frederick P. Fish.
Reginald Foster.
TRUST COxVIPANY,
G. E. GOODSPEED, Treasurer.
W. L. WHITNEY, Asst. Treasurer.
HENRY A. FENX, Sec. Jc Mgr. Safe D.D't.
H. D. HEATH FI ELD, .Assistant Sec.
F. J. BURRAGE. Assistant Secretary.
Charles W. Whittier,
-
-
E03T0N, MASS.
Capital
Surplus (Earned)
J. H. PERKINS, Vice-President.
C. H. BOWEN, Secretary.
E. A. COFFIN. Asst. Treasurer.
G.
Asst.
W
AIJRYANSEN
-
AND
BOSTON
MASS
BOSTON, MASS.
CAPITAL
$1,000,000
General Trust and
SURPLUS (Earned) $1,500,000 Transacts a
Transacts a General Banking and Trust
Company Business.
Interest allowed on Deposits Subject to Check.
Interest Allowed on Deposits Subject to Check
Trustee under Mortgages, Transfer Agent, and j
Registrar.
Acts as Trustee under Railroad and other
BOARD OF DIRECTORS:
Mortgages and is authorized to act as Executor
N. W. Jordan, Chairman.
Guardian, Administrator and Trustee.
C. F. Adams 2d,
i
William A. Gaston,
Rodolplie L. Agassiz,
Elmer P. Howe,
F. Lothrop Ames,
John Lawrence,
Hobart Ames,
John S. Lawrence.
Edwin F. Atkins
Lester Leland.
Frederick Ayer.
S. E. Peabody,
Charles S. Bird,
Francis Peabody Jr..
•
A. G. Bullock.
Royal Robbins,
CHARLES E. ROGERSON. President.
Samuel Carr,
Henry A. Reuter.
Gilmer Clapp,
JAMES LO.NGLEY, Vice-President.
P. L. Saltonstall,
T. Jefferson Coolldge Jr. R. Paul Snelllng.
WILLIAM C. WILLIAMS. Viee-Pres't.
Eugene N. Foss,
T. JEFFERSON COOLIDGE Jr., President.
,
CHARLES L. BURRILL, Vlce-Prest. <k Treas.
-
Philip L. Saltonstall,
Philip Dexter.
.
Safe Deposit
Boston
AMERICAN
Capital, - - - -’
Surplus and Profits
REGISTRAR.
AGENT.
The NEW ENGLAND
The Proof cl Wood Service is Constant Growth
OF
TRANSFER
ES.
Trustee.
$27,984,599 63
Gordon Dexter,
William R. Driver.
F. C. Duraalne.
BANKING
GENERAL
ALLOWS INTEREST
BUSINESS.
ON
BALANCES SUBJECT
DAILY
TO
UNDER
CHECK.
TRUSTEE
MORTGAG¬
Stock
.
$27,292,163 57
16, 1906,
A
$7,000 000
-
DIRECTORS.
Nov.16,1903 521,756,471 73
TRUST
Capital and Surplus,
PHILIP STOCKTON, President.
Charles F. Adams 2d.
George E. Keith,
Gardiner M. Lane.
Orlando H. Alford,
Artl'.ur Lyman.
F. Lothrop Ames,
Maxwell Norman.
John S. Bartlett.
Robert T. Paine 2d.
'Charles E. Cottlng,
Andrew IV. Preston
Alvah Crocker.
Richard S. Russell.
Livingston Cushing.
Howard Stockton,
George A. Draper.
Charles A. Stone.
William F. Draper.
Galen X
Stone.
Wllmot R. Evans.
Frederick P. Fish,
Quincy A. Shaw Jr.,
Nathaniel
Robert F. Herrick
Thayer.
Francis L. Hlgginson,
Henry O. Underwood
W. Seward Webb.
Henry C. Jackson.
Sidney W. Winslow.
$11,780,418 95
Nov.
BOSTON, MASS.
$4,000,000
legal Depositary for Court Funds, and author¬
ized to act as Executor, Guardian, Ad¬
ministrator
Nov. 16, 1901
Nov. 16, 1905
Trar.sler of
and
$1,667,051 19
Nov. 16,1904
-
-
COLONY
TRUST CO.
a General Trust and
Banking Business
Interest Allowed on Deposits Subject to Check
Acts as Trustee under Railroad and other Mort¬
gages; also as Agent tor the Kegistering
Nov. 16. 1869
16,
MASS
Transacts
16, 1899
RESOURCES
Nov.
CO. OLD
BOSTON.
City Square. CHARLESTOWN. MASS.
Capital and Surplus, $9,500,000
FESTUS J. WADE.
STREET.
STATE
BUNKER HILL BRANCH:
Clearing House Association
St. Louis
Member
TRUST
CITY
Mercantile Trust Co*
BKSl
^cereiatv
SMI I U, V>s l Secretary
of
Co/nxnercial A Financial Chronicle,
76.’ o Puio Sueet, New York.
?
f
xyni
THE CHRONICLE
[VOL. LXXI1T.
grosl ©omprautea.
Union Trust
BANKCRS trust
COMPANY,
7 Wall
OF
80
Bank of the
Surplus $500,000
WALTER E. FREW,
Manhattan
Co., New York.
Pres.Com Kxch. Ba., N. Y.
A. BARTON
8AMUEL G. BAYNE,
Pres. Seaboard Nat.
EDWIN M.
Pres. Chase Nat. Bank, N. Y.
Bank, N Y.
Spencer Trask & Co., Bankers,
New York,
EDMUND C. CONVERSE.
President,
HENRY P. DAVISON
Vice-Pres. First Nat. Bank, N Y
LS,
Pres. Com. Nat. Bans. Chicago.
Acta
Transfer
and
Fiscal
Agent
'
EDWARD TOWNSEND,
B’k, N. Y
Vice-Pres. Nat. Park Bank. N.Y.
Pres.Importers’ & Traders’ Nat.
Bank, N. Y.
MARSTON,
Blair L Co., Bankers, New York.
ALBERT H.
WIGGIN,
GEO. W. PERKINS,
J. P. Morgan & Co., B’kers, N.Y.
WILLIAM H. PORTER,
SAMUEL WOOLVERTON,
DANIEL G. REID,
EDWARD F. C.
Pres. Chemical Nat. Bank, N. Y.
Vice-Pres. Liberty Nat. B’k, N.Y.
Executor, Administrator and Guardian
an
THOMPSON,
Vice-President.
GATES W. McGARRAH,
EDGAR L.
Vice-I’res. Fourth Nat. BtN Y
Pres. 1st Nat. B’k, Kansas City,
GILBERT G. THORNE,
Pres. Mechanics’ Nat.
JAMES G. CANNON,
EDWARD F. SWINNEY,
JOHN F.
»
and
ALLOWS
an
Trustee
INTEREST
J. F. THOMPSON
;
for
Bank
R. T. Wilson,
Charles H. Leland,
H Van R. Kennedy
and
_
YOUNG,
,
H. M.
T.W.
H M.
Registrar,
corporations*
2l> VIC2-PRE8LDENT
PRESIDENT
H. W. DONOVAN
SECRETARY
-
POPIIAM,
i
IIART8HORNE, | Assistant Secretaries
'
MYBICK,
MANHATTAN
TRUST
F. N. B. CLOSE
ASSISTANT TREASURER
£
EDWARD KING President.
AUGUSTUS W. KELLEY. Vice-PresidentJ. V. B, T1IAVER Vice Pre-*’ & secretary.
E. R. MERRITT, 4th Vioe-Pre.-ddent
C C. RAW! IN^S, I'rtist <■ fti er.
E, C. CONVERSE
TKBLA SURER
MONEY,
Deposits.
on
Charles U Tweed,
James Speyer.
Robert W. yoelet,
W illiam
Woodward,
Alex Smith Cochran,
John V. B Thayer.
Amory 8. Carhart,
Walter P. Bliss.
Frederic deP. Foster
W. Emlon Roosevelt,
J -*8 i. Woodward.
Augustas W. Kelley,
N. Parker Shortridge.
Harrison h'. Gawtry.
Alexander Maltiiuid
Pres. 1st Nat. Bank. Jersey City
i
FOR
T. W. LAMONT
OPFirPDQ
D, E. POMEROY
Nat.
Trustee
Receives Securities for Male
Keeping and
Collection of Income.
Takes Charge and Manugen Real Estate
TRUSTLAS
Edward Ktog,
James Henry Smith,
Pres. Gallatin Nat. Bank, N.Y.
Individuals
or
LEGAL DEFOMTAtti
DEPOSITS.
VI r IVLIAO,
VICIrPKESIDKNT
Vice-Pres. Chase
New York.
Assignee and Receiver
UPON
Receiver
A
Allows Interest
THOMAS W. LAMONT,
3d Vice-President.
BULKLEY,
JAMES H. ECK
HEPBURN,
-
-
Executor, Administrator, Guardian
DIRECTORS.
Pres.
$1,000,090 00
$8,092,662 44
...
-
ADTEOBIXID TO ACT AS
Undivided Profits, $828,069
STEPHEN BAKER,
Broadway, New fork.
CAPITAL,
SURPLUS,
Street, New York.
Capital S1,000,000
Company
NEW YORK
CO.,
ASSISTANT TRUST OFFICER
*ALL ST.
cor.
NASSAU, NEW YORK.
Capital, Surplus and Undivided Profits,
$3,000,000.
UNITED STATES
MORTGAGE & TRUST COMPANY
55 Cedar Street
NEW YORK.
73d StTeet and
omoutai
JOHN L WATERKURY, President
JOHN KEAN,
l yj
AMOS TI CK FRENCH,
tg
W. N. DUANE,
: rresidents.
B’way.
[Pct.d
Issues foreign and domestic letters of credit.
Pays interest
on
Special
deposits, subject
to
The Manhattan Trust Company receives deposits
oearing Interest and subject to cheque, payable
through the New York Clearing House.
check.
time deposits.
rates on
D1REC TORS.
Francis R. Appleton.
James J. HilL
Robert Bacon.
John Kean.
George F. Baker.
August Belmont.
CAPITAL and SURPLUS. $6,000,000.
AS
AN
There
nothing more safe, more sure, more profitable—in the telephone
business—than the securities of an Independent
telephone company operating
our AUTOMATIC TELEPHONE
SYSTEM—
BECAUSE it gives more service, better
service, prompter service, more accurate
service, than a manual system (and also an absolutely secret service, which
no
manual system can give), and
costs less to operate, less to
system,
the
maintain, less to enlarge than
a
manual
or
why it has been adopted by the Independent telephone companies
following cities:
Aberdeen 8. D.
Akron, Ohio.
Allentown. Pa.
Auburn. Me.
Auburn, S. Y.
Battle Creek Mich.
Beaver Falls, Pa.
Bellingham, Wash.
Butte, Mont.
Cadillac. Mich.
Champaign, Ill.
Chicago, Ill.
Cleburne, Texas.
Columbus, Ga.
Columbus, Ohio.
Dayton, Ohio.
Denver
Colo.
El Paw, Texas.
Emaus, Pa.
Fall River, Mass.
Grand Rapids, Mich.
Hastings, Nebr.
Havana, Cuba.
Hazleton, Pa.
Holland, Mich
Hopkinsville, Ky.
Jonesboro, Ark.
Lake Benton, Minn.
Lewiston, Me.
Lincoln, Nebr.
J>os Angeles, Cal.
Manchester, Iowa.
Marlanao, Cuba
Marlon, iud.
Grant B.
R. J. Cross.
Rudulpb Ellis,
S. L. Schoonmaksr.
John 1. Waterbary
Amos Tuck French
R. T
Medford, WIs.
Mlarnlsburg Ohio.
Mt. Olive, III.
New Bedford. Mass.
Oakland. Cal.
Ocean Park Cal.
Omaha, Nebr.
Pentwater, Mich.
Portland, Me.
Portland, Ore.
Princeton N. J.
Richmond, Jnd.
Riverside, Cal.
Rochester, Pa.
Rushvilie, Ind.
Sari
San
Diego, Cal.
-Francisco, Cal.
in
Santa Monica, Cal.
Saskatoon, Saak., Can.
Sioux City Iowa.
South Bend, Incl.
Spokane, Wash.
Springfield, Mo.
St. Mary’s, Ohio.
Tacoma, Wash.
Toronto, Junction, Can.
Traverse City, Mich.
Urbana, Illinois.
Van Wert. Ohio.
an
Morgan 8tre.tr
Executor, Administrator, Trustee,
on
Individual and
Corporation Accounts.
Acts as Trustee of Corporation Mortgages.
Depositary nnder Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate,
Mares to Kent In Burglar-Proof Vaults
E, B. Morris, President.
W. N. Ely, 1st Vice-President.
A. A. Jackson. 2d Vice-President.
C, J. RHOADS, 8d Vice-Pres. and Treasurer.
Edward 8. Page, Secretary.
MAN AG KK Mi
C. Hartman Kuhn
James Speyer,
Augustus D. Juilllnrd,
Edward J. U or wind,
Randal Meraau,
William H. Uaw,
Edw, T. Stoteirtmry.
Fs&nas 1. Gotten,
Charles E. Ingvisoll,
Goo. 1i. MoFadden,
Jobs Story Jenks Jr.
Henry Tataali,
Hear* B. OexeJr.
Lsaae H. CXothler.
E. c. Felton
Thoa. DeWltt Cuyler
Bffllngnam B. Morris,
John A. Brown Jr.,
Benjamin W. Richards.
John B. Garrett,
William H. Jenks,
N. K. Cor.JBroad and Chestnut
Slrscts,
PHILADELPHIA.
1997 ISSUE
THB FINANCIAL REVIEW
Can.
CHICAQO U. 8. A.
or
Corporations.
cea talas
Van Bur.n and
Company*
Assignee and Receiver.
Financial Ageat for Individuals
Westerly, R. I.
Wilmington, Del.
AUTOMATIC ELECTRIC CO.,
Wilson.
CHARTERKD 1886.
Act*
Walla Walla, Wash.
Wausau, Wla.
Woodstock, N. B.
Schley.
CAPITAL and SUttPLUS, $10,000,000.
Interest Allowed
TO SUM IT ALL UP, the AUTOMATIC TELEPHONE
SYSTEM produces a
better telephone service,
commanding a higher price, at less cost than in¬
ferior service can be produced for by a manual
system.
THAT IS THE REASON WHY the AUTOMATIC
TELEPHONE SYSTEM
makes the securities of the
company using it safe, stable and profitable,
and
H. W. Cannon.
Girard Trust
s
Mitchell.,
Oliver U. Payne.
E. D. Randolph
Walter P. Bliss.
INVESTMENT
BECAUSE it
John J.
a
flvs-ysar aentbfy
far stacks sad
tistics
range
sf prises
beads sad ether rates bis sta¬
Pries. 99
COMMERCIAL A FINANCIAL CHRONICLE
NRW
VORK
»
1907.]
Apr. 13
THE CHRONICLE.
xix
Srcst 6ormpiraies.
Bowling Green Trust Co.
26
incorporated 1853.
BROADWAY* NEW IYORK.
Iftitet States Host company el lev M,
Capital, $1,000,000 Surplus, $3,000,000
OFFICERS:
EDWIN GOULD,
45 and 47 Wall Street.
President
WILLIAM H. TAYLOR,
1st Vice-President
CAPITAL,
«HA8. P. ARMSTRONG,
2d Vice-President
JOHN A. HILTON, Sd Vioe-Pres. and Treas. SURPLUS
WILLIAM M. LAWS,
Secretary
.
.
.
DIRECTORS:
John A. Hilton.
Charles P. Armstrong,
frank Brain ard,
Harry Bronner,
franklin Q- Brown,
Robert C. dowry,
Edmund C. Converse,
Wm. Nelson Cromwell,
Brenvllle M. Dodge,
A. Goepel,
Edwin Gould,
Frank J. Gould,
George J. Gould,
Myron T. Herrlek,
Edward T. Jeffery,
Winslow 8. Pierce,
Morton F. Plant.
Dick 8. Ramsay,
Frederick B. Sohenok,
.
$2,000-000
. •
AND
UNDIVIDED
$12,801,046
PROFITS,
EDWARD W. SHELDON, President
D. WILLIS
JAMB8, Vice-President
AHERN, Secretary
CHA8. A. EDWARDS, 2d Asst. Secretary
WILLIAM M. KINGSLEY, Stcond Vise-Pres.
WILFRED J. WORCESTER, Asst. Secretary
HENRY B.
JOHN A. 8TBWART, Chairman of the Board of Trustees.
Androw
Squire,
William H. Taylor,
Edward R. Thomas,
John P. Trues dell,
E. F. C. Toung.
HospitaljCOLONIAL
TRUST COMPANY
solicits
Rhode Island
the accounts of
corporations, firms and individuals, and
invites correspondence or personal interviews.
PROVIDENCE R. I.
CAPITAL
$1,000,000
Interest allowed on daily balances, which are subject to check
SURPLUS EARNING*
$1,500,000 !
UNDIVIDED PROFIT*
304,000 ! at
sight
DIRECTORS:
Royal C Taft,
Rowland G. Hazard,
Certificates of Deposit (time and demand) issued.
Goddard,
Nc.son W. Aldrich,
Trust
Company,
.
Robert H. I.
Geo. W. R. Matteson,
William D. Elv,
Robert I. Ganimeii,
William Biup.ey,
William B. Weeden,
Edward D! Pearce,
Robert Knltrht,
John W. Danielson,
Herbert J Wei 1b,
JohnC Pegram,
Samuel R. Dorratice,
Howard O.
'
SI. Paul
Sturjres,
Stephen t>. Metcalf,
Walter R. Callender,
Gilbert A. Phillips,
Edward Holbrook,
James E. Sullivan,
Benjamin M. Jackson,
John R. Freeman.
Charles S. Mellen.
Robert W. Taft.
Lyman B. God,
HERBERT J. WELLS. President.
EDWARD s. CLARK, Vice-President.
HORATIO A. HO NT, Vice-President.
WILLIAM A. GAM WELL, Secretary
PRESTON 11. GARDNER. Trust officer.
CYRUS E. LA PH AM. Asst. Seo’y.
JOHN K. W1 LI.IAMS. Asst. Sec’y.
HENRY L.8LADKR. Asst. Sec’y.
WALTER G. BROWN. Asst. Sec’y.
Building, 222 Broadway, \et% York.
Capital, Surplus and Undivided Profits,
RICHARD DELAF1BLD
ELD,
CORD MEYER,
JAMES W. TAPPIN
PHILIP 8. BABCOCK
:K,
)
*
J
ROBERT L. SMITH, Asst. Secretary
*
TRUST CO.
The American Mfq. Co.
MANILA SISAL AND JUTE
Me. 88 BROADWAY,
34TH ST. Sc FIFTH AYE.
CORDAGE.
Ho. 100 WEST 145TH STREET.
Byllesby & Co^
INCORPORATED
ENGINEERS,
DESIGN,
CONSTRUCT AND
RAILWAY
OPERATE
LIGHT, POWER,
$3,100,000
EDMUND L. JUDSON, 8eoy. 3t Treasurer.
JOSEPH N. BABCOCK. Trust offloer.
Vice-Presidents.
0^£RB°04.
gugiuccrs.
H. M.
-
JOHN K. BORNE, President
THIRD AVEHUE Sc 148TH STREET.
OH ARLES T. BABNKY, President.
FRED’K L. ELDR1DGE, 1st Vloe-President.
JOSEPH T. BROWN. 8d Vtoe-Preeldent.
B. L. ALLEN, Sd Vice-President
WILLIAM TURNBULL, 4th V.-Pre
FRBD’K GORE KING, See. and Treat.
J. MCLEAN WALTON, Ant. Secretary.
HARRIS A. DUNN. Asst. Treasure-
65
Wall
Street,
New
York.
Whiting Papers
TRUST DEPARTMENT:
WILLIAM B, RANDALL, Trust Officer
HYDRAULIC AND
GAS PLANTS.
HARLEM BRANCH:
Examinations and
American
Reports.
Trust Building.,
York,
ORGANIZED 1887.
Vl oe-Preaid enta.
EDWARD T. PERINK, Gen’l Mgr. and Treat.
F. C. RICHARDSON, Assistant Treaaurer.
This Company Audita and Investigates Aooeunta
and makes Physical Examinations of Properties.
Its Certificates and Reports are Prepared In behalf
of Merehants, Bankers, Corporations, Committees
and others, in strict confidence. The Company also
Be vises and Installs Money-Saving Systems of
Keeping Account*
William D. Marks, Ph. B.C.E.
Consulting Engineer and Statistician.
GAS WORKS
ELECTRIC LIGHT WORKS,
ELECTRIC RAILWAYS. OIL MOTOR CARS.
nrk How Bldg.,
New
<■
ANNUAL.
A
Tear
Book
of
-
Statlstfee.
Bound la Cloth. 89.
T«J4 Pine 8U New York.
PHILADELPHIA.
CHICAGO.
HEW EHGLAHD OFFICE:
Easton Bldg., 15 Stale Hi.. BOSTON.
AUGUST BELMONT,
Acting Provident.
WILLIAM A. NASH.
JOHN J. MITCHELL
GEORGE W. YOUNG.
York City.
For Fine Correspondence
FINANCIAL REVIEW
Commercial 8 Financial Chronicle
NEW YORK:
43 Cedar Street
>39
BRONX BRANCH:
JOHN BAM BEY Manager.
OHIO AGO
THE AUDIT COMPANY
of New
W. F. LEWIS, Manager.
and ter General Business Usee are
standard, made in Ledger, Bond,
Liman and Tine Writing In variety.
WHITING PAPER CO.
Now York.
Philadelphia.
Mills: Holyoke, Mi
Chicago.
BARROW, WADE, GUTHRIE & CO
CERTIFIED PUBLIC ACC0URTART3.
(New York and Illinois.)
NEW YORK,
Broad
Exchange Building,
26 Broad Street.
CHICAGO,
Royal in.uranct Building,
SAM FMAMCISCO,
617 Market Street
REW ORLEANS,
Hibernia Bank
LOMDOR, ERGLARD,
18 8t 8wrthin’$
Lane, E. C., Cable, “AderJesV
Bklg.
XX
THE CHRONICLE,
(Cotton.
[VOL.
financial.
financial.
Fyersz 6 Company
FARWELL
WOODWARD
&
STILLMAN,
COTTON
16 to
MERCHANTS
TRUST
BANKERS
22 WILLIAM STREET,
NEW YORK.
220 LA SALLE ST.
37 PINE ST.
CHICAGO
NEW YORK
RAILROAD BONDS
EGYPTIAN AND AMERICAN COTTON OF ALL
COMPANY,
226 La Salle
Established in 185b.
Street,
CHICAGO.
CAPITAL
-
$1,500,000
-
GRADES SUITABLE TO WANTS OF SPINNERS.
GRANGER FARWELL, President
Henry Hentz & Co., CHICAGO CITY MORTGAGES.
COMMISSION MERCHANTS.
16 to 22
William Street, New York.
Execute Orders for Future Delivery
COTTON
At the New York,
Liverpool and New Orleans
Cotton Exchanges. Also orders for
COFFEE
At the New York Conee Exchange
GRAIN AND PROVISIONS
GRAIN AND COTTONSEED OIL
At the New York Produce Exchange
Hubbard Bros. & Co.,
ALBERT G. LESTE R. Vice- rresident
JOHN BARRY SEARS, Treasurer
JOHN J. BRYANT JR.,
LOANS
ON
CIRCULARS.
Secretary
COLLATERAL.
BONDS.
.
SEND FOR
INVESTMENT
SECURITIES.
PEABODY, HOUGHTELING & CO.
230 First National Bank
COFFEE EXCHANGE BUILDING,
SQUARE.
DOUGLAS SMITH, Vice-President
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION X RAILROAD BONDS.
at the Chicago Hoard of Trade and
HANOVER
LXXXIV
Bldg.,
CHICAGO.
ESTABLISHED 1S416.
NEW YORK.
COTTON
MERCHANTS.
Liberal Advance* Made
on
Edwin L. Lobdell & Co.,
BANKEBS AND
Cotton
ConaicrnmeiitM.
Hopkins, Dwight & Co.,
BBOEEBS,
Rotunda, Rookery Bldg:., Chicago.
80 Broadway, New York.
F. H. PRINCE &
BANKERS.
C New York Stock Exchange,
Members 'Chicago Stock Exchange,
( Chicago Board of Trade.
COTTON.
and
GO.,
BOSTON, MASS.
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 52, Cotton Exchange Building,
NEW
YORK.
Limited. New Orleans, La.
Lehman, Stern A Co.
Bishop, Laimbeer & Co.
Mills
Building.
15 Broad St,
-
INMAN
the above Exchanges, as well in
New Orleans. Chicago and foreign markets.
on
Cotlon
&
CO.,
Merchants,
I Established
AND
COTTON
MERCHANTS
Mason Smith &
Exchange Building, NEW YORK.
Correspondents,
Co.,
Cotton
Members
DALLAS, TEX.
Buyers of Spot Cotton.
Orders for Contracts Exe¬
cuted in the New Orleans, New York,
Liverpool and Havre Markets.
CO.,
SUCCESSORS TO
COPELAND
COTTON
&
CO.,
I NEW
YORK COFFEE EXCHANGE
(LIVERPOOL COTTON ASSOCIATION
Future Delivery Orders Executed on above Exchanges
Liberal Advances Made
New York.
Orders for future delivery contracts executed on
the New York and Liverpool Cotton Exchanges.
R. H. ROUNTREE &
on
Cot‘on
Consignments
BROS., New York.
Lehman, Stern & Co.,LtdCOTTON FACTORS and
UROKERS,
43 Cotton Exchange,
Merchants.
{NEW ORLEANS COTTON EXCHANGE
LEHMAN
GEO.
CO.,
Lord’s Court Building.
27 William street.
NEW YORK
Tel. No. 101S Broad.
(NEW YORK COTTON EXCHANGE
NEW ORLEANS, LA.
WILLIAM RAY &
INMAN & CO
CO.,
Commission Merchants.
Cotton, Grain, Provisions and Coffee.
COTTON EXCHANGE BUILDING,
NEW YOKE.
COMM 1SS0N MERCHANTS,
Xcw Orleans.
COTTON BROKERS.
Cotton
Exchange Bldg., New York.
N. Y. nnd New origin Cotton Lxchanget
and Liverpool Cotton Association.
Members of
ROBERT MOORE &
CO.,
30 Beaver street, New York.
ORDERS FOR FUTURE DELIVERY EXECU¬
TED IN NEW YORK AND LIVERPOOL EX
CHANGES.
'
COTTON PURCHASED FOR SPINNERS USE
SMITH
&
HAYNE,
1-rank 11. liaynedn (ounneudam )
Cotton Broker**,
COTTON
EXCHANGE
BUILDING,
NEW ORLEANS. LA.
ORDERS FOR V t T U K E DELI V E It Y EXECUTE!.'
IN NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
BANKERS AND
96 Broadway,
CLEMENT
SMITH,
CLEMENT,
1 Nassau Street, corner Wall Street
Members of the New York Stock Exchange.
Bonds, Stocks, Cotton, Grain.
DICK
BROTHERS
&
CO.,
BANKERS AND BROKERS,
30 Broad St.,
New York.
Members ol N. t. and Philadelphia Mock Lx changes.
New York. New Orleans and Liverpool Oottoo
Exchanges, New York Coffee Lxchange
and Cbirago Board r»r Trade
(Holton.
Stephen M. Weld & Co.,
COTTON
82-92 Beaver
MERCHANTS,
Street, - New York City,
Correspondents, S. M. Weld A Co., 89
St., Boston, Mass.
Liverpool Correspondents, WELD A Co.
Bremen Correspondents, Albrecht, Weld A Co.
MERCHANTS,
49 Cotton Exchange,
*
-
New
Y9RK.
Geo. M. McFadden & Bro.,
COTTON
Wm. P.Oueiitell.
R K.CoaLs.
'
Theodore H Price,
brociai tartner.
Quentell,
Coats & Co.,
COTTON BROKERS,
-
Nrw York
Members N.Y. Cotton Lxchange.
Associate
&
State
GWATHMEY A CO.,
£2 Beaver Street,
New York.
-
Successors to HAVEN &
Boston
COTTON
BR0KER8,
MEMBERS OF
NEW YORK STOCK EXCHANGE.
Orders for future delivery executed in New Orleans
New York and Liverpool.
Liberal advances made on Cotton consignments.
Chapman, Selter & Allen,
1863.)
W. T. HATCH 80 SONS,
141 Milk street, BO-TON, MASH.
W. R. CRAIG &
COTTON COMMISSION MERCHANTS,
MEMPHIS, TENN.
Cotton
Bremen
17 South William Street,
NEW YORK.
Investments.
Members of New York and Boston Stock Exchangee
AUGUSTA, GA..
Siegfr. Gruner & Co.,
Grade
©oflotr.
Nos. 16-22 William Street, New York.
Orders executed
-
Members New York Stock Exchange.
LEHMAN BROS.,
Members of the Stock, Cotton, Coffee
and Produce Exchanges, New York.
Hi£h
Members'-Liverpool Cotton Association.
MERCHANTS,
PHILADELPHIA.
‘
NEW YORK.
Livkiipool Correspondents:
FHLDKKIC ZEIUCGA A CO.
Bit EM EN CORRESPONDENTS:
MCFADDEN BROTHERS & CO.
U A V R E CO It R ES PON I> E NTS :
Bociktjc D’Importation xt dk Commibsiom
@FedFRASER