The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
1
finanrial
ommenriai
rl^
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section {^yIJS^'"')
State
(Montuy)
Railway and Industrial Section (Quarterly)
Entered according to Act of Congress, in the year 1905, by Willlajh B. Dana Company, in the office of Librarian of Congress, Washington, D.
A weefely newspaper entered at Post OSBce, New York, as second-class matter— William B. Dana Company, Publishera. 70i4 Pine St., N. Y.
VOL.
SATURDAY, APRIL
80.
NO.
1905.
15,
Week, ending} April
Clearings at
—
1905.
1904.
Inc. or
I
Dec
'
PUBLISHED WEEKLY.
Terms
Subscription— Payable in Adyance
ot
For One Year
For Six Months
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Subscription includes /allowing Sections
BANE AND QUOTATION (monthly)
—
|
167.893,82';
7,867,200
4,345.809
2,570,795
1,725,495
1,758,717
1.854,765
922,612
489,552
716.661
534,492
New HavenSpringfield
Worcester
Portland
Fall River
Lowell
New Bedford
Holyoke
STATE AND CiTY (semlannualiy)
STEEET KAXLWAY (3 times yearly)
I
BAILWAT AND INDCSTBLAL (quarterly)
148.
lis.
Boston
Providence
Hartford
Total
New England.
Chlca«o
Terms
ot
Advertising— Per Inch Space
Cincinnati
Cleveland
Transient matter per inch space (14 agate lines)
Two Months
Three Months
! Six
Months
26 times)
Twelve Months (52 times)
CHICAGO OFFICE— Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
TW^II^IilA^TX
DANA COIHPANV,
B.
$4 20
2'i 00
2i» 00
50 00
87 00
(8 times)
(13 times)
C.
,
Columbus.
Peoria
Toledo
,
Evansville
Akron
Publlsbers,
Springtleld,
NEW YORK.
».58.
Indianapolis.
Grand Rapids
Dayton
Pine Street, Corner of Pearl Street,
Box
Post Office
Detroit
Milwaukee
Springfield. O.
CLEARING ROUSE RETURNS.
Bloomington
Ouincy
Clearings— Returns oy lelegraph
Week Ending April 15.
New
York.
1905.
1904.
il.692,120,oas
130,770,860
Boston
Philadelphia.
107,998,32i!
Baltimore
Chicago
20,275,772
161,827,453
54,411,716
14,360,541
St.
Louis....
New
Orleans
Seven cities,
Other
cities,
Total
all cities, 5
J2, 181,764,747
300,499,988
days
Iday
All cities,
Total
5 days
5 days
all cities
The fuU
for week.
i944,731,«75
107,683,283
90.862,393
19,448,967
141,400,164
47.205.758
13.325.136
$1,364.657,»76
276,106,248
P. Cent.
+79-2
+21-4
+18-9
+4-3
+14-5
+15-3
+7-8
+59-9
+8-7
t2,482,264,7.35
^1,641. 154.124
506,127,862
337,653.967
+51-2
+50-1
»2,9«S,3l)2,597
5-1.978.bO:S.U91
-I-51-0
week covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
details for the
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 Saturday noon, April 8, and the results for the corresponding
week in 1904, 1903 and 1903 are also given. Contrasted with
the week of 1904 the total for the whole country shows a gain
of o3'0 per cent.
Outside of New York the increase over 1904
is 17*6 per cent.
San Francisco
Los Angeles
Tacoma
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
Omaha
Paul.
Joseph
Denver
Des Moines
Sioux City
Topeka
Davenport
Colorado Springs
..
Pueblo
Total other West'rn
Louis
New Orleans
St.
.,
Louisville.
Houston
Galveston
Richmond
Savannah
IV'eek
—
ending April
1906.
1904.
Dec.
1903.
1902.
Chattanooga
New York
Philadelphia...
PittsbuPKh
.
Baltimore
Buffalo
Washington....
Albany
3 050,,003.456 1,155.994.121
139,,306,001
117,063,73'-^
48,,743,611
42,005,987
24,,050,340
22,929.965
6 ,966,527
6,541,078
6.,196.479
4,442.905
2195tS
Scranlon
Sy mouse
WilmlQuton
Wilkes Barre_.
Wbeeilnn
..
ReadlDK
,
BlnKtiamton ..,
Greensburg.
Chester
Krio
Franklin Pa..
Total Middle
,
+8-8
+6-5
+30-5
19,070,133
5,731,995
3.5;i:!.709
3.0:i3..-)4-5
2.668..-S77
1.3f.2.'212
1,10-,',821
4,547..S91
3,1)72,917
4-14-i.
3,,7tlt).S0j
2,603.206
+50-5
1,,3;;9,(;oo
-I-3-0
3,136,007
1 233.232
+20-S
1.298.01.5
1,,208,892
1 800,(j0f)
l,297,S7(.i
1,'J14.76.S
1,,210,079
1,0(12.519
+ 139
4.
Itochester
4-77-4 1.189,787,169 1,535.140.691
106,('47.309
93,321,547
-fl9-0
42,401. .529
+16-0
43,760,948
1.,6S4.312
758.5.^0
,eS0„538
684,600
4C8,25<!
5-.iU,ii05
776,760
207,97H
-05
6S2.UM 4-111
1,624.563
500.100
419,135
600.258
434,346
254.105
2,294,655.730 1,304.444.023
23,209,107
5,517,024
4.214.127
1.155,689
900,751
740,131
1,049608
4(15.406
372,500
397,151
410.317
8S5,2ll
725,194
-1-0-4
-|-!j(i-9
+ 11-7
Jacksonville
Columbus, Ga
Total Southern
-I-5-7
282.131
-I-78-6
390.556
—18-2
4-68-2 l.369,7bl,7S9 1,728,506,215
637,9.52
4-45-6
712,830
734,520
468,434
412,345
-f-17
—6-1
-3-8
28,056,926
0,811,255
639,525
684,134
573,728
636,535
445,999
485,946
291,324
420,591
228.392
276.531
184,794
198,000
99,705
4-16-9
4-1-5
-4-6
-31-7
--27-1
-
4-13-9
--i2-9
--44-4
--22-0
--19-4
--26-1
--52-8
609,300
644,077
626.327
524 853
634,948
607,297
435.030
405.528
665,80')
372419 4-131
340,771
243. 105
243,478
1,341,31*
1,499,660
1,035,415
26,991.112
6,129,932
3,557,765
2,561,772
3,219.568
269.63tf
292,41>
201,155
269,87(5
211.501
209,679
83,784
237,247,271
25,328.123
4.699.583
3,038,93*
4-25-3
47.788,468
19,685,517
14,611,451
7.632,918
6.235,756
4.752,800
3,631,340
2.442,841
4-14-8
17,743,347
1,755,217
1,432,745
l,20-i,942
20,622,149
11. 31^.277
7.485.673
1.765,769
4.899,704
5,007,930
2,305,604
1,416,325
1,295.882
1,166,069
875.011
430,564
664,594
426,387
-9-9
-39
4-9-2
-10-4
4-3-9
-1-71-7
4-30-6
4-46-0
954,391
1,236,929
1,125,000
-1-50-1
471231
-1-75-3
451,629
154,704
4-40-3
4-26-7
4-16-9
2.917,282
1,658,682
1,176,168
2,133,971
1,829,986
--10
'4-9-8
3,231,59tf
273381
523,48»
385,323
346,117
43,305,301
10 792,30»
7,178.40&
5,117,721
4,215.820
4.269,365
2,183,947
1,497,085
1.518,497
1,099.244
572,818
600,000
149,133
12d,9o2
74,677,311
64,592,452
4-15-6
61,79-2,090
56,918,50;?
56,191,297
16,966,548
13,414,639
7,322,396
5.173.000
4.914.614
51,823,839
4-2-6
16,528,739
10,270,194 4-30-6
--26-9
5,772,123
3,530.000 -^6-5
221
4,025,770
31-4
2,388.498
18-8
4,873,230
3.090,208 4-15-6
478
2,728.350
306
1.553,124
1,086,965 4-52-9
1,440.046 4-107-2
45.881.389
10,988,599
9,968,319
6,270,964
3.577.500
3.870,871
3,364,138
3.116,570
2,879,595
2.898.116
206,670
340.000
135,497,153
1.377,44<i
808,97ti
in o tal.
1
-to-i
4-08-2
1.45;^,739
1,313,291
1,602,968
1,109,722
1,009,526
50,384,81»
13,367.2731
\
9.801,853
6.228.056
3,484.000
4.845.955
2.968,201
3,430.83*
2.370.521
1,740.161
1,464,945
1.205.011
1.332.9-23
1,097,7-^^
908,76'.J
1.314,575
-(-10-3
830,989
1,181.,')72
4-16-8
1,094.261
1,198,000
668,221
911.689
-56-0
768,000
694,903
430,306
588,000
500.922
103,1^3,756
106.958 560
236,168
4-38-5
4-31-9
4-13-0
116,807,733
4-l(i-0
,044,956,632 2,002,117230
994.953.176
-f-33-6
Not include d
»46,123,114
740,571
492,63Si
4-52-0 1.966.850,314 2,329.006.466
4-17-6
776,063,145
793,866,375
Canada—
+ 111
.Montreal
31,3^1 tmo
14,'i:?-^,457
3
19,830.065
26.03.1,007
5 51H.«<1(
15,41 VI, 147
S.WU.II.'-,
+68-3
£7,172.005
TorouLO
Winnipeg
13.r,i3,837
19,522.-.«4
4-JO-o
3,7.-il,.346
1,703 310
2,»o7,503
1,699.168
1,448,271
1,542,8-24
+10-8
1.331,229
2.0;«,945
-I-15-9
2,18;i,291
2,690,267
1,779.634
l.»93.96»
1,290,613
Ualita-v
Otta-wii
(jiieLiec
400,295
....
Total all
Outside New Vork.
-15-1
2,699,326'
50,580,749
3,572.56'
Macon„
626,400
831,643
623.957
—
22,606.240
16,050.108
8,332,037
5,588,446
4.936,482
6,233.517
3,188,507
4.032.315
2,028,81
1,661,104
2.984,386
1.502.017
1,279,130
1.179,034
1,379.030
527.694
975,007
1,202,067
266,847
Charleston
4-59-4
4-20-2
7 8
4-24-i
162,317,78^
20,594,000
14,462,260
8,947,675
6,484,974
4,588,02»
4.287,650
2,972,791
63.386, ,678
Nashville
Little Rock.
8.
1,683,411
1,969,688
1,362,923
699,134
420,671
156,010.617
292 .19-<
5,787.316
KnoxvlUe
inc. 01
4-498
1,081,217
537,449
3856,857
Atlanta
Norfolk
A ugusta
Fort Worth.
4-29-8
147,:;iii6,722
156,980,847
20,655.300
15,833,215
9,511,858
6,655,891
5.907,541
4,254,500
2,459,704
2,735,263
1,626,838
1.700,585
1,172,137
806,700
1,364.58-i
2,494,960
3,563,567
2 585,887
1,862,154
509.018
535,937
304.188
3,1.38,334
Memphis
4-0-3
4-11-7
6,879.300'
3.102.543
1,657,302
1.446,793
1.545,241
3,043,290
1,315 881)
831,122
633,705
Cedar Rapids
-1-20-7
137,276,883
5,568 135
l,566,62ii
Wichita.
Fremont
38'
2,841, ,076
563, ,405
482, 380
Helena
-fl5-6
1902.
1810,186
1,389,958
1,024.055
497,183
537,611
399.839
308,966
--69
411,243
4-88
2-23,290
242.938
-7-4
191.202
206,574
98 505 4^34-6
132,583
688,856 Not include d into tal.
436 863 Not include (1 in to tal.
286,050.835
236,157,489
253,502.915 4-12-8
4.254 .429
3.261 691
Spokane
St.
St.
4-9-8
4-25-4
8.
S
129.071,109
6,691,600
2,484.040
1.738.606
1,582.535
1
170,890.565
23,314,500
15,535,100
9,296,075
6.812,756
5,774,590
4,4". 8,800
2.813,766
2,851,525
9.730, ,693
Seattle
Salt Lake City.
Portland.
-7
2077.
1903.
-7-1
+41-2
150,889,358
33,349
Birmingham
Clearings at
,
4-1 5'3
4-37-9
4-13-5
4-17 3
190.679,925
448914
Decatur.
The following table, made up by telegraph, etc., indicates Mansfield
Jacksonville
that the total bank clearings of all the clearing houses of the Jackson.
United States for the week ending to-day, April 15, liave Ann Arbor
Fort Wayne
been $3,988,393,597, against §3,044,956,633 last week and South Bend
Total Mid. Western
$1,978,808,091 the corresponding week last year.
-1-0
187,615,440
29,238,150
17,962,067
11,222,246
7,240,898
6,446,352
5,734.400
2,953,872
4,549 0-20
2,023,60s
1,816,556
1,693,770
688,400
529,419
928,214
833,086
858.718
475,570
393.179
421,024
Lexington
Canton
Rockford
28-0
18-3
4-18-1
4-26-4
800 000
111
Youn«8town
Kalamazoo
131,160,567
6.651,000
3,678,669
2,595,548
1,496,313
1,275,825
1 634.762
786.918
527,147
507,481
575.128
C
Vancouver-
Hami Itcn.
St.
John.
London
Victoria
Total Canada
1,28;<,602
4-32-4
1,121,240
1.0K1,188
+20-2
969,794
1,058,140
442,371
788,706
1,250.796
74.152.436
43,703,689
+2^10
-15-3
+20-4
+69-7
L578.143
3<f7.579
4-45-7
1,446,400
1,249,274
731,510
818,931
723,054
857,649
859,2'i2
747,201
4:i;i422
580,650
45,602,362
S7,44tf,ai4
THE CHRONICLE.
1390
He
Dunne's Mords.
from Mr.
clusion
CHICAGO STOCK MARKET.
[Vol. lxxx.
Mayor,
is
and proposes in that capacity to put the official
on the Chicago Stock screws on. He says he will attain his end by
the week and year, which, is now a regu- condemnation proceedings and upholds cutting down
the Chronicle, will be found to-day on values by saying that the roads in the course of their ex-
Our record
Exchange for
of the transactions
lar feature of
page 1414.
istence have used
possession
THE FINANCIAL SITUATION,
The neighboring
Chicago
city of
cfiort to take possession of its street railroad
systems and
book capital in
this
provision to get
use; a fact
That
his flu-eat just.
is
odd
above 23 per cent of the
industry because certain of the roads
Confiscating
reasoning.
statutory
property for public
of private
which he claims makes
about making an
is
same
the
all
run them as a city institution. There are numerous may have condemned property at less than real value at
roads there now, going concerns, but the newly-elected some contingency in their career, is not a wise stand for
Mayor, Judge Dunne, speaking of the character of these the leader in an enterprise of the kind to take. The
roads and his plans at a mass-meeting held at Cooper
Union Saturday
we have
night, said
Mayor
offers
Chicago the proceeding
in
no proof, nor does he
he puts the case in this
;
any particular
harsh way.
cite
We
worst street railroad systems there are in the country.
will accomplish this without one cent of taxation
That is an encouraging condition for a reformer to start on the community simply by the power of condemnation
from.
It will not consequently be difficult from that low which every railroad in the city has exercised for years
against the owners of private property.
Ton see that
level to make substantial progress early, and early and
law was supported by the street railway companies.
substantial progress is a highly encouraging circum.stance
Now we are going to give them a taste of their own
in a reform undertaking of such large proportions; medicine.
will show them that a law can work
gives hope to the people and cheers the leader both ways, and they surely cannot kick if we fairly apply
it
to them the laws under which they have themselvea
at the time of greatest need.
in the work
acted so long.
say "large proportions," because the Mayor tells the
The foregoing is sufficiently explicit for every individpublic, on the occasion of the mass meeting referred to,
We
We
that
he means
them up
standard, and run
high
a
to
take hold of these systems,
to
them
bring
the
in
interests of the people, indicating also that the " running
«f them in the interests of the people " means high wages
and low
It
fares.
is,
therefore, seen
contemplates a big venture.
of the idea
mayor claims even
says "
we
a
It is the
when
noted that the
it is
more remarkable attainment
will accomplish
tion on the
proposal
This conception of the size
further confirmed
is
the
that
this
without one cent of taxa-
money
question involved in
we
calls,
think, for
the
proposal as
further
investiga
Facts enough have already been brought
surface to
make
the inquiry appear
interesting
sirable to every one seeking the
success
First of
is
all
a
little
the full outlines
Mayor Dunne
deeper study
or
comprehension.
we have always found
has gone,
that raising the necessary
The
capital is a difficult precedent to a successful issue.
community."
thus outlined that
tion.
—he
Most people and most city ofcials undertaking so large a job would at this point in the
work show a proper spirit and attitude at least by trying
and not
to conciliate the parties
to be dealt with,
antagonize them by harsh threats. Passing that feature,
however, a further preliminary would be to count the
cost and facilitate ways for getting the means to carry
the work to a successful end.
So far as our experience
ual's easy
frame-work
and
de-
of the scheme.
the
the enterprise cultivated
will
and the
ticulars
undertaking.
miracle
estimates in the following statement
the
;
otherwise
be in such deep water as
to reveal
necessary
of
to the
money market is a somewhat fractious element; it needs
to be humored and the confidence of money lenders in
projector.
shown
is
is
No
caution
in
the
to
the
swamp
the
later
project
whatever in these par-
Chicago
Almost a
affair.
promised by Mayor Dunne.
have seen, that the work
struggle
He
says, as
we
be done without one dollar
is to
Stock of taxation on the community. That is certainly a bold,
Exchange values of the same, and the figures at which brave statement, made no doubt with honest intent; but
of discretion.
Lead
it shows enthusiasm, not an atom
he expects to get the roads.
public to believe so large an amount of money
I estimate, and I may be a few millions out of the ing the
way, that we can acquire the street railway systems of can be obtained as this enterprise calls for without putChicago for about $27,000,000. It will take thirty to ting any lien on the city's credit is raising hopes which
forty millions more to modernize them.
The tangible are certain to be blasted; and yet the Mayor claims that;
value of the properties has been placed by experts at
for if the municipality is bonded the principal of the
about $30,000,000, and they are capitalized for about
bonds would have to be paid some time and the interest
$120,000,000. Their Stock Exchange value, just before
my election, was about $80,000,000, and this was kept would have to be met annually, which could not be done
up by manipulation and wasli sales.
without taxation.
Ijook costs of the systems to the owners, the recent
We
the
have not sought
present
to verify the
capitalization
roughly; judging, however,
reached as
to
totals except
statement, and
that
only
from the results we have
we should be
that single item,
to believe that Mr.
above
Dunne had
inclined
We
poses to get
capital
Mayor Dunne profurnish him with all the
refer to this feature because
money
needed
security that
is
for
lenders to
the enterprise he has in
tainted with repudiation.
hand on a
That is, he
an arbitrary way, that he is going to repudiate
and cut down the value of these railroad
Stock Exchange valuations as sufficient for this examination. It properties to not much more than one-fifth of the book
will be noticed that these systems of roads (capitalized value and after having by that method gotten hold of
at $120,000,000 and valued at the Stock E xchange at the property, he is to use the same as the basis, and only
$80,000,000) the Mayor expects to get for the city at dependence he has to suggest, for the successful conit.
Still
we
accept his
totals
materially understated
and
also the
tells us, in
the franchise
;
Of course no i)rivate individual could
$27,000,000,
gain possession of the properties in question at those
figures;
at
least
that
seems
to
be
the
obvious con-
duct of the
financial
side
of
considering on this occasion
ures
of the warrants, by
his
scheme.
the other
Without
unique
feat-
means of which Mr. Dunne^
—a
Ape.
THE CHRONICLE.
15, 1905.]
proposes to float and work his financial miracle,
it
is
to
City of Chicago but fresh franchise
will not be the
—
But
have the cotton.
know that the warrant will be without credit to be far
among money lenders; for the only security back of them 14,000,000
enough
1391
this season,
than
greater
vious high record),
can just as easily be confiscated again. Going among capitalists with such a security so recently and notoriously
crued to the planter.
That
is
which
a kind of collateral
might be current in a noisy political canvass, but no
banking house would take it. Hysteria and noise are
good enough lor the political arena, but they can never
salt to
our porridge or butter to our parsnips.
In connection
foregoing the reader will see
M'ith the
even more clearly the dilemma facing the present attempt to secure and run the railroad utilities of Chicago;
if
we add
which he
the Mayor's explanation of the warrants with
is to
all
along a
has
fair profit
ac-
remembered that within a year or two a
operator, who later on went to the
wall, started what was called " a campaign of education," ostensibly to educate the farmer up to the point
where he would fix a certain high price lor his cotton
and not part with it for less the real intention on that
occasion was to help along a speculative bull movement
The farmers have certainly become
in the staple.
They
educated, but not as a result of that campaign.
that
they
can obtain a reasonable
seem to have learned
if they will only study
they
have
to
sell
what
price for
the conditions and apply the marketing of the staple to
the demand as it occurs.
To say that any given article is worth all that you can
It
will be
borrow money upon, would simply be prominent New York
courting failure.
add
(approximating
before
11^ millions as the presuch methods have been used in turn-
ing the product loose that
to
known
bales, against about
kind of thing which having been once in part confiscated
dishonored
ever
with the yield
We cannot discuss them
pay for the roads.
at this time, but
we add enough
from the Mayor's speech
in the following extract
to indicate the absolute lack of
;
standing these marvelous warrants Mould have in the
get for
markets of the world.
and assume that a
The only
other serious objection ur;j^ed in Chicago
against the operation by the public of its own utilities
was that the municipality had no money. There is no
the objection.
value whatever
The oi)eration of these
utilities is a privilege of priceless value.
in Chicago propose to raise all the money necessary to purchase an up-to-date street car system upon street car
certificates, which are special or limited promises to pay
out of the income collected tiom the system.
They are
general
promises
not
to pay, which will entail taxation.
They are secured under our law in three ways: First
By the pledge of all the income in perpetuity of the
municipal street railway plant.
Second By a mortgage, which conveys all of the tangible property in the
transportation department of the city.
Third These
certificates are secured by twenty-year franchises, Avhiqh
become operative in the holder on default by the city for
one year.
m
We
—
—
it is
true enough; but to
seller
carry
off
the nose to
spicuous instances of this are
mind a case mentioned
in
returned from a
trip
to
met a wealthy planter
There
the
spite
who had
of his 1903-04 crop, having refused 17
for
it;
and had not disposed of any
This
particular
impressed by
lieved he
all
the
had only
man
campaign
recently
cents per
was
of education
and
to
on hand
still
lb.
1904-05 prod,
of his
doubtless
to fix his price
have
In his travels he
South.
in Georgia
Con-
We
man
us by a cotton
to
the
such a
is
face."
wanting.
not
all
uct.
further
can get any price he chooses to
ask has very frequently led to disaster.
thing as "biting
idea
tlie
so
that
hold on
much
he
be-
to get-
he desired.
We recall
a few instances
where holding
prices proved a very expensive experience.
for
higher
In February
1882 four bales of cotton of the crop of 1860 were marketed
Columbus, Ga.; the market was then ruling about 11
cents per pound.
These four bales were part of a lot of
as
100 bales in a planter's possession at the close of the
at
The most amusing, because
Mayor's whole address,
naive a part, of the
his ingenuous, simple,
is
he claims, clinching argument
would be forthcoming
so
to
prove that the money
as soon as wanted.
panies in the past," he
but,
says, ''have
"Private com-
been able
to
war.
He
fused to
had been
sell
offered
47^ cents in 1865, but
re-
because he thought the revenue tax of three
sell
cents per pound was unjust.
Later in the same year
and bonds aggregating in value •$117,000,000 when
(1882) Charleston received a bale from Laurens, S. 0.,
their tangible property was worth less than $27,000,000."
which was reported to have been raised nearly thirty
To that he adds: "If they could raise four times the
years earlier (in 1853).
As this bale was one of a lot of
value of the tangible property upon an expiring franfourteen, the loss was very large, the cotton having been
chise, can any sensible man for a moment hesitate as to
carried all through the war period, when fabulous prices
what amount of money the city of Chicago can raise
could be obtained. In November of 1883 a bale reached
upon the security heretofore mentioned ?"
Charleston from Batesburg, S. C, which had been held
stocks
since 1859.
One
of the notable features in connection with the
marketing
called
the
of the current cotton crop
skill
their product.
displayed
At no
is
what might be
by planters in disposing
of
The
cases cited
above only emphasize the important
truth that there are always natural limits to the holding-
on
policy.
When
they are
observed, the
retention is
and uselul ; when they are purely arbitrary and
has the policy of holding it off of the market been so speculative, they run counter to natural laws and are
judiciously applied.
Up to within a very few years it had abortive and come to naught. On this occation, up to
been the custom in seasons of bountiful harvest to rush the present time the results have proved that whoever is
cotton forward as last as it could be gotten into shape directing the movement is gauging it closely and wisely
for marketing,
time in the history of the staple
without regard to the demand for
it,
in
effective
in
accordance with the spinning demand.
Cotton
is
such volume as to carry prices down to a practically unremunerative basis. Or, in years of presumably small
going into consumption rapidly and spinners are making
yield, to hold lor
total visible
abnormally high prices, without regard
to the ability of spinners to
money nearly everywhere.
On
the
6th of January the
supply in the world was 4,658,011 bales
;
on
purchase at the figures de- the 14th of April the visible supply had dropped to 4,173,There were a great many instances of this 801 bales. In the meantime spinners' stocks of raw cotton
latter course being pursued in 1903-OJ:, where planters at latest dates had increased, according to Ellison's
demanded 17 cents per pound or higher, and they still record, but not to the extent of the loss in visible
manded.
J
THE CHRONICLE.
392
All that shows management, and conservative
supply.
management.
As
reliable
the season advances other
question
of the
solution
import.
and
issue
at
At
becomes more complex.
elements enter into the
the
problem
the
moment
looks as
it
if
producers of this staple could at current prices depend
new
as
[Vol. I^ZZX.
The
iron trade has in the past
proved a pretty
barometer of the state of general trade, and these
record totals of iron output must hence be considered
indicating
that
industrial interests
in
the United
States are passing through a period of great
and prosperity.
activity
Accordmg to the figures compiled by the
this city, the make of iron during March
upon a continuous increase in consumption the coming "Iron Age" of
year. If the war between Japan and Russia closes, there by the anthracite and coke furnaces aggregated 1,936,can hardly be a doubt as to that development. But a 229 tons. Adding to this the production of the charcoal
more important inquiry will be the extent of the plant- furnaces, which is estimated at about 34,000 tons per
ing in the Southern States and the start and progress ot month, the total is carried up to 1,970,000 tons.
The
the new crop there.
That question must be of prime capacity of the furnaces in blast April 1st 1905 is given
importance
be the planting at
a secondary matter will
;
as 439,504 tons, against 403,157 tons
March
1st,
405,792
A
tons February 1st
and 377,879 tons January 1st.
year
1904 the capacity of the active furnaces
other sources of supply.
ago on April 1st
There have been two developments or announcements was only 337,257 tons, so that over 100,000 tons more
this week of a highly significant character in their bear- of iron is now being made per week than twelve months
ing upon the present and immediate future of affairs in ago. On January 1st 1904, after the sudden relapse in
Both are
the United States.
highly encouraging
of a
the trade which occurred towards the
close of 1903, the
nature.
One
weekly capacity was but 185,636 tons, compared with
on the condition of winter wheat at the opening of the which the present product per week of 439,564 tons
month and the other the monthly statement of pig-iron marks a phenomenal advance.
production.
The wheat report is in sharp contrast with
The most important fact of all is that the whole of
was the report of the Agricultural Bureau
the corresponding report issued
a year ago, and shows
that the agricultural situation opens in a very auspicious
The Bureau makes
way.
the condition of winter wheat
a whole on April 1 high,
for the country as
as
viz.: 91-6,
against an average on April 1 1904 of 76*5 and against
83*1,
mean
the
These
ten years.
full
with
1904.
of
averages
however,
do
of the
not
last
reflect
extraordinary output of iron
consumption, for there was
March in the stocks
the amount of such
for the decrease in
improvement as compared March was
months ago not only was noteworthy
plant
the
but
low,
a
large
of the
a
is
apparently going into
further reduction
during
merchant furnaces, bringing
down to only 319,257
tons, as against 350,746 tons March 1st, 376,440 tons
February 1st and 458,794 tons December 1st. Allowing
the
of
Twelve
condition
April
the
figures,
extent
the
tiie
of
this
stocks, the
consumption of iron in
This
in excess of 2,000,000 tons.
figure,
is
a most
being at the rate of 24,000,000 tons
The very
a year.
stocks April 1
largest
make
of iron
in
the past in
autumn any period of twelve months was in the fiscal year ending
had to be abandoned, owing to the fact that the plants June 30 1903, when the output reached 18,720,000 tons.
had been winter-killed. No less than 5,000,000 acres, or That figure was deemed extraordinary at the time,yet pres.
over 15 per cent ot the whole area sown to wheat, had ent production is nearly one-third heavier. The "Age"
to be ploughed up for this reason.
The present season, thinks that this large output warrants hopes that the counwe should judge, comparatively little of the crop had try may avoid altogether the importation of foreign iron
portion of the area devoted to wheat the previous
been winter-killed, since in the
important wheat- and steel on an extensive scale, which has been threatproducing States there was a satisfactory covering of ening of late. Furthermore, it tends to the stability of
snow tbe greater part of the winter. The outlook values and makes more remote the danger oi a runaway
doubly
thus
is
average
better
fact
last
of
an
iavorable,
of
ariore
condition
enlarged
December reported
a
in
first
and
much
the area seeded to
fall
1004.
Of
course,
it
is
also
agree with our contemporary that
able optimism of our people."
of the preceding
year, but compares with only 26,865,855 acres actually
harvested in
We
in the ''the enormous consumption is another reminder of the
Department extraordinary industrial expansion of the country, with
winter wheat the iron industry in the van, and justifies the unconquer-
at about 31,155,000 acres, which was a decrease of 1*6
per cent from the area sown in the
market.
secondly
The
acreage.
very
a good while yet
to
In these days, when there is such a general tendency
enlarge the functions of government and to have the
embark
which should be left to
ments may lead to impairment of the present decidedly private initiative and private management, it is refreshpromising prospectj but we need hardly say that a iuii to note the act ot an Executive who has had the
Govfavorable start is of great importance in its bearing courage to run counter to the prevailing spirit.
Should the wheat crop prove ernor Mickey of Nebraska the State which has given
upon the final yield.
abundant it will be a decided blessing. There was us William Jennings Bryan and Bryanisin and all that
before the crop will reach
maturity and later develop-
State
in
enterprises
—
— returned
with his veto
last
week a
bill
never more need of a bounteous wheat harvest than the
that implies
present season, following last year's shortage in both the
passed by the Nebraska Legislature, and which sought tD
launch the State in the business of manufacturing binder
winter-wheat and the spring-wheat production.
Tbe bill provided for an issue
the amount of $200,000, the proceeds
twine.
In the matter of the country's iron production the
sults are
nothing less than
records have again been
now becoming
marvelous.
surjjassed
is to
To
re-
say that all
repeat what
is
a commonplace, for output and consump-
of State bonds to
to be
used in the
Nebraska State
After pointing out that Nebraska was in
take upon itself such an additional burden
erection of a binder-twine plant at the
Penitentiary.
no condition
to
month mounting to higher and still for the purpose of initiating what tho Governor called
higher figures. Yet the fact itself is a decidedly signifi- with much force '"a business enterprise of questionable
Mr.
result,"
doul>tful
financial
•cant one, and the student ol allairs cannot safely ignore its merit and of very
tion alike are eacli
Ape.
Mickey drew some
He
States.
THE CHRONICLE.
15, 1905.1
lessons from the experiments of other
averred that the experience ot other States
by no means encouraging and would not justify a prudent man in investing his money in such a venture upon the competithat have established twine factories
which
tive conditions
so far as he
engaged
was able
in the business
a
number
the respective
plants.
at
ti
loss, for
quires a very large
Without exception,
the States which have
to learn,
have operated without
profit or
of years after the installation of
He
sum
to
showed
also
maintain
the
that
it
re-
business, and
he asserted that the State of Minnesota had invested
last year about $800,000, one of the items entering into
this
sum being
aggregating $667,000
personal notes
He
ceived for the sale of twine.
tends shortly to negotiate another
$125,000,000; this report
The Comptroller
is
exist to-day.
laid
re-
1393
is,
internal
however,
war loan
for
officially denied.
of the City of ^N'ew
York
will
on
April 24 receive proposals for $25,000,000 of 3|- per cent
stock and bonds of the city to be issued for various
purposes.
The
ciated
Kew York Assoweek was the very small increase of
surplus reserve.
Loans were decreased
feature of the statement of the
Banks
last
$17,950 in the
$8,530,100, deposits were reduced $10,560,600 and casb
fell off $2,622,200; the surplus reserve is $8,682,525.
It is
announced that the Treasury
posits will
amount
000,000, as
emphasis upon the 268,000 of
at
this
to
first
sum
call
for public
de-
$29,089,000, instead of about $27,-
The surrender of$14,-
reported.
will be
required by
May
15 and the
now receiving from the sale of con- remaining $14,821,000 by July 1.
vict labor more money than it could reasonably expect to
make from the twine plant, at least for a number of
The money market was again easier this week, in'
years.
Finally, he summed up his objections in the fol- fluenced by the completion of the distribution of April
fact that the State
"The condition of the State
lowing words:
large
is
amount of money required
which the
initial
appropriation
unsettled question as
to
is
for
finances, the
the operation of
only a beginning, the
whether hard
fiber or soft fiber
interest
and dividends, by
liberal
offerings
by foreign
bankers and by large disbursements by the Sub-Treasury
to railroads
on
call,
for the transportation of the mails.
representing bankers'
balances,
Money
loaned at
the
twine manufacture under
Stock Exchange during the week at 4 per cent and at 2J
present day conditions, and the uncertainty of results, are
per cent, averaging about 3^ per cent; banks and trust
companies loaned at 3^ per cent as the minimum. On
is
the preferable material
reasons which impel
me
for
to the belief that this is
not an
opportune time for the State to engage in such an enter-
Monday
loans were at 4 per cent and at 3 per cent, witb
and which causes me to withhold my approval." the bulk of the business at 3J per cent. On Tuesday,
Governor Mickey is to he commended for the stand he Wednesday and Thursday transactions were at 3^ per
prise,
has taken in this matter.
cent and at 3 per cent, with the majority at 3^ per cent.
On Friday loans were at 3^ per cent and at 2f per cent^
There was no change in official rates of discount by with the bulk of the business at 3 per cent. Time conany of the European banks this week, and unofficial or tracts were more freely offered, not only by domestic but
market rates were firm, especially at Paris. The feature by foreign lenders, and the demand was chiefly for money
at that centre was a sharp rise in the mai-ket discount for long periods.
Rates on good mixed Stock Exchange
rate on
Monday
2^ per cent and a fall in exchange at collateral were 3^ per cent for sixty days, 3^'2)3f per
Paris on London to 25 francs 14^ centimes, and the cent for three to six months and
3f ®4 per cent for seven
Bourse was depressed on the news of the pendency of a to eight months. Commercial paper was in better supnaval battle between the Eussian and the Japanese ply, but the inquiry was good and quotations were 4®4rJ
fleets.
It was assumed that the above-noted rise in per cent for sixty to ninety-day endorsed bills receivable,
discounts and the fall in checks on London were due to 4'S'4J per cent for prime and
per cent for good
to
4J'2)5
apprehensions as to the results of the naval engagement.
four to six months' single names.
was reported, however, that the monetary tension was
chiefly caused by large French subscriptions to a $30,The Bank of England rate of discount remains un000,000 Enghsh Kafiir trust company and also by prep- changed at 2^ per cent.
The cable reports discounts of
arations for heavy loans which wei-e to be brought out
sixty to ninety-day bank bills in London 2'S;2J per cent
in connection with mining companies.
The continuance The open market rate at Paris is 2 per cent and at Berof the tension in discounts and of the depression on the lin and Frankfort it is lj®2per cent.
According to our
Bourse seemed to make it probable that they were in special cable from London the Bank of England lost
It
greater part
caused by the pendency of the
gagement, and
this
eign bankers in this
naval en-
view was taken by some of the
city, partly for
for-
£1,037,228 bullion during the week and held £37,707,441 at the close of the week. Our correspondent further
advises us that the loss was
due to imports of £25,000
which £5,000 from Paris, £10,000 from Australia
and admittedly from that cause. On Thursday there was a and £10,000 from various countries), to exports of £385,relaxation in the tension in discounts at Paris, the check 000 (wholly to South America) and to shipments of
rate on London recovered 1^ centimes and norrnal mar- £677,000 net to the interior of Great Britain.
ket conditions were restored not only at the French capital but at London.
The foreign exchange market was easy this week, in-
London and
the
reason that the
the Berlin markets were likewise depressed,
(of
The German Imperial 3i per cent consols loan for $75,- fluenced by a light inquiry for remittance, by a better
000,000 was offered April 10, as was last week announced supply of cotton drafts, fairly liberal offerings of security
in the
Chronicle, and it is reported to have been covered and of sterling loan bills, and by transfers of capital repOn Wednesday the Bank of England an- resenting London balances for employment in our money
fifteen times.
nounced the issue of $50,000,000 2^ per cent ten-year market. Early in the week there was some buying of
Exchequer bonds, repayable at the rate of $5,000,000 sight exchange for the purpose of covering maturing
annually; tenders will be deliverable before April 18. finance bills, but the effect of such buying seemed to be
It is
now
^^s no t
reported that the
fully
first
subscribed, and
internal loan of Russia
that
the
Government
in-
offset
by
sales of sight drafts against arbitrage purchases,
of stocks for
European account.
One
feature
was the
—
selling of long bills
and buying
months
period
of
long
the
of
grain
and
export
monetary tension at Paris
as
so
over
cotton
for
[YoL. Lxxx;
Week ending AprU
Into
Banks.
14, 1905.
another term of
for
draft
maturity
its
on short
of options
of renewal
cover in expectation
the
,
THE CHRONICLE.
1394
three
.
into
movement
as above
the
Net Change in
Bank Holdings.
$8,909,000
23,250.000
$4,463,000
24,250,000
Gain. $4,446,000
$32,159,000
28.713.000
Gain. $3,446,000
The following table indicates the amount
the principal European banks..
of bullion io
Total
the
temporarily checked
Interior
Sub-Treasury operations
active
the
Though
season.
Banks
carry
to
Out of
Banks.
and
er)ld
leenl
tenders
...
Loss.
l.OOO.OOO
financing of securities through their transfer abroad,
there
some
were
indications
in
character
the
of
which seemed to make it
probable that such operations would soon be renewed.
transactions
exchange
in
The above-noted
England....
France
hither of foreign capital are
transfers
Germany
reported to have been effected with sight drafts in order
to take
and
advantage of opportunities
for short
fixed
periods on
the European markets
early in
lor
the
which will be
The depression in
week caused by the
accounted in great part for the activity in
AprG
13, 1905.
Gold.
Silver.
£
£
Total.
14. 1904,
Oold.
Silver.
lotal.
£
£
£
£
37,707,441
37,707,441
34.059.060
110.870.704
43.897,664 154.774.368
94,949,511
50,789,000
33,341,000
6,852.000 108.164,000
86,838.000
8,865,000
47,255,000
12,867,000
38,092,000
12,697,000
101,312,000
34,059,050
44,484,871 139,434,382
11,715,000 45,056,000
47,811,000
12.993.000
60,804,000
Spain
14.835.000
20,806.000
35,641,000
14,656,000
19,712,000
95,203,000
60,122,000
34,368,000
Italy
22,689,000
3,511,100
26,200,100
22,072,000
3,810,800
25.882,800
Netherl'ds.
6,013,400
6,203.100
12,276,500
5,442,500
6,532.000
11,974,500
Nat. BelB..
3.288,000
1,644.000
4.932.000
3.139,333
1.569,667
4,709,000
Aust.-flan.
Tot. week... 382.624,545 108,663.864 491,288,409 341.752,404 109,050,338 450.808,742
Tot. prev .. .S82.452.700 109.158.645 491.611,345 339,089,839 108.606,379 447,696,218
pendency of the naval engagement in the China seas did
not seem to be reflected in our exchange market, though
may have
.
Russia
loaning on call
securities
later shipped to Continental centres.
it
AprU
Bank of
BEAPFEABANGE OF THE BUSSIAN FLEET.
Gold received at the Custom
From one point of view there is something a little
during
week
House
the
$234,270.
amusing in the turn of popular discussion, since the long^Nominal quotations for sterling exchange are 4 85 for forgotten ^'Baltic fleet" emerged from its winter quarters
finance
operations.
day and 4 87 ior sight. On Monday rates for ac- at Madagascar and came- in sight of the telegraph
tual business were, compared with those on Friday of stations around the China Sea.
It had been kiiown to
last week, unchanged for long and for short at 4 8455'® every one, since Rojestveasky brought part of' his fleet
wsirty
4 8465
8630^4 8635 for the latter, around the Cape and another part through the Suez CMal,
lower at 4 8655^4 8665. On that a powerful hostile annament was, to use the naval
former and 4
for the
but cables were 5 points
—
Tuesday there was a fall of 15 points all around long
to 4 8440® 4 8450, short to 4 8615'S)4 8625 and cables
to 4 8645'S'4 8655. On Wednesday the tone was easy at
a decline of 5 points for long and short to 4 8435'S)4 8445
4 8610'S4 8620 for the latter
lor the former and to
while cables were 10 points lower at 4 8635'S)4 8645.
On Thursday there was a fall of 5 points in all classes
long to 4 8430'S)4 8440, short to 4 8610®4 8615 and
cables to 4 8630^4 8640. The tone was steady on Friday
at
unchanged
The
on the outskirts of the area of con
Two months ago,, all well posted people were as
flict.
well aware as they are to-day how many ships the Russian Admiral had, noider him, how they compared in
number and power with the fleet of Admiral Togo and
what possibilities of re^versing the Eastern military situaphrase, "in being"
tion existed in connection with
fore,
a subject of reasonable query
fleet..
It
is,
there-
why such sudden
ex-
of
citement should have accompanied the appearance
Russia's Admiral in the Malacca Straits,, and why, innot^
rates.
shows
following'
that
a few quarters hitherto cocksure about the victwy of the
daily posted rates for sterling
exchange by some of the leading drawers.
Japanese, there should
now be manifested symptoms
unwonted doubt and misgiving.
Expeditions involvmg naval combat are
of*
traditionally
subject, in considerable measure, to the decree ofchancOi.
Accidents
may happen and have happened,
before battle,.
during battle, and after battle, which have had
do with the result of such campaigns.,
>
much
to
ifevertheless, w©'
have yet to learn of an instance where a fleet sailed in,
the enemy's direction with unanimous agreement that
its attempt was futile and absui'd, where the outcome has
been difierent from expectations. With armies on thoi
land the case
is
tion, familiarity
The market
8440
short and 4 8630^4 8040
closed on Friday at 4 8430'S'4
not quite the same.
Desperate resolu-
with the country, use of the numerous
maneuvers which may be employed against an enemy
for unacquainted with his immediate surroundings, someand times mere physical endurance of individuals, have on
for
4 8610'2)4 8015 for
Commercial on banks, 4 8390'S)4 84,
cables.
documents for payment, 4 8325'S)4 8430. Cotton for pay- more than one occasion led to the virtual overthrow of a
ment, 4 8325^4 8330, cotton for acceptance, 4 8390® powerful military force by what had been previously
On the sea it is not
called a mere handful of opponents.
4 84, and grain for payment, 4 8420^4 8430.
Here are
possible that the same situation should exist.
The following gives the week's movements of money no defiles where a clever ambush may be laid, no broken
long,
'
to
and from the
Week ending April
interior
by the
14, 1005.
Xew York
Hecdred by
Shipped
banks.
ki,
\. Y. nanks. N. Y. Hank).
Cnrrenoy
Gold
Total Kold and
With
follows.
the
lettal
tenders...
Hel Interior
Movement.
ground opened ior unexpected entrenchment, no traps
into which an over-confident enemy may unwittingly be
So far as concerns the ground on which the two
lured.
must
J7.e03,000
1,000.000
»3,717,000
746.000
Oaln. ^4, 180,000
200.000
Gain.
fleets
?«,009.000
?4,1I13.000
Gnln.
reduces
.t-l
bub-Treasury operations the result
,146.000
is
as
light their battle,
the antagonists.
itself, first
The
to
question of probable superioaity
the test of experience, valor
capacity; second, to the
engaged on
terms are equal as betwet>n
either side.
number and power
and
of the vessels
\-
—
Apr.
On
said
THE CHRONICLE.
15, 1905.]
two phases
these
and written
since the Russian
has been
summed up
thu^i
1395
element of absurdity in
came into sight easy
week. The status, dent
fleet
may he
agreed upon,
generally
much
the question
of
of the world again, on Friday of last
as
:
possibility that
feelings in the
this intimation
because of the
one success might so restore confiEussian Government as to encourage
further prolongation of hostilities.
But, on the
other
Admiral Eojestvensky's fleet, assuming his two squad- hand, the situation new is not what it was last autumn,
rons to have joined and to hare remained together, or even what it was two months ago.
The situation of
number
the
vessels
under
in
command of the Russian Government is from every point of view
slightly exceeds
As an
Togo.
advantage, there exists the
additional
Admiral
necessity for the Japanese
to leave outside of
Vladivostock enough of his vessels to keep bottled up
within that harbor
the
three
Eussian cruisers which
very nearly
victory
chiefly
desperate.
Avould
We
welcomed
be
should say that a naval
at
because of the chance
it
But
humiliating suit for peace.
St.
Petersburg
would give
it is
itself,
for a less
a forlorn hope, in
escaped from the naval battle of last summer.
In point our judgment, on which such expectations are to-day
of numbers, therefore, Russia has a distinct advantage. being pinned.
In point of size and power of the vessels under him, the
Eussian cannot more than match the Japanese, even
Togo's fleet is
allowing for the handicaps referred to.
new
comparatively
Eojestvensky's
important
including
fleet,
belongs
battleships,
good part of
go, while a
navies
as
even some
to
RAILROADS LIABLE FOR DAMAGES
FROM COMPULSORY GHANOE
OF STREET GRADES.
of
his
most
It does
and practically
old
happen that the United States Sucalled upon to overrule the N"ew York
not often
preme Court feels
When, in addition to these considerations, one keeps Court of Appeals in a matter relating to local affairs.
in mind the fact that the Japanese fleet is manned by This alone would invest with special interest the deciveterans trained in a previous naval war, in the eight or sion of the United States Supreme Court on Monday of
nine years between that war and the present conflict, this week reversing a judgment of the Xew York Court
and in three or four first-class naval battles during 1901, of Appeals on the question of the liability of New York
whereas Eussia's crews are novices to battle, the element railroads for damages to abutting property resulting from
a change in street grade made by authority of law.
of disparity in this regard should be sufficiently obvious.
We hardly need refer to the ridiculous episode on the Moreover, the case was itself a very important one, inDogger Bank last autumn what is more to the point volving as it does large numbers of claims against the
Kew York & Harlem EE. Co. and the E"ew York Cenis the fact that the Eussian Government must have the
closest actual information as to the fleet's efficiency and tral & Hudson Eiver EE. Co. for damages alleged to have
condition, and that if that Government had been confi- been sustained by abutting property owners on Fourth
dent in the power of its naval armament, it would most Avenue through the series of improvements made by
certainly have despatched the fleet direct to the harbor these companies in compliance with statutory requireof Port Arthur, which it might theoretically have reached ments.
Perhaps it is not surprising, however, that the national
in time to save the fortress. That the Eussian Admiralty,
instead of
oing this, deliberately detained its fleet in and the State tribunals should be in conflict on the points
obsolete naval models.
;
Southern waters until
fleet
all else
alone might win
proof
sufficient
movement
was
on the high
lost,
seas, is to
Eojestvensky's
that
tliis
our minds
juncture have been adopted.
indeed,
subsequently on the same state of facts having reversed
such a policy
and decided that the railroads could not be
held liable.
The case that went to the United States
Supreme Court and on which an opinion of that Court
has now been obtained was that of Henry Muhlker
against the Xew York & Harlem Eailroad and the New
York Central Eailroad. The New York & Harlem was
incorporated in 1831 and in 1832 it took from one
Poillon a deed to a strip of land 24 feet wide in the
Subsequently, double tracks
centre of Fourth Avenue.
were laid thereon and trains operated, and this continued
until after 1872.
In that year an Act was passed (Ch.
702, Laws of 1872,) under which the tracks were in.
creased to four and were laid, as will be remembered, in
a subway or cut bounded on both sides by masonry walls
which rose to a height of 3 feet above the surface of the
The Eussian
Court cabal, cornered on every side by opponents of the
war
—losing
successively the
prestige of
army, the
its
support of the people and the aid of foreign financiers
is
in precisely that position
desperate public
last stake,
only the
We
and
for
men
to
which would lead a body of
throw down everything on one
such a cast there remained
on the coast of Africa.
do not, under such circumstances,
to
them
fleet
Udent even in the certainty
Japanese and Eussian
retreat, after this last
fleets
;
feel
wholly con
engagement of
though we should say
of
the
that
advance, could hardly occur save
and absolute ignominy such as a spirited commander would not readily contemplate. If the fleets
should meet and the Eussian naval armament be crippled or destroyed, it must be obvious to all that the war
is at an end.
Eussia will then be forced to peace
with
one time held the railroads liable for damages and
at
And,
why
that the Court of Appeals itself has not
been entirely consistent in its views in this regard, having
raised, seeing
forward
present
a counsel of desperation.
is
one need not look very far to discover
should at
except what the
final
its
position
avenue.
In 1890 Congress passed an Act directing the Secre.
tary of War to cause the bridges over the Harlem River
through literal inability to command any further ma- to be replaced by other bridges which should be at least
terial lor fighting.
As
It has, indeed, appeared to us that 24 feet above the high water of the spring tides.
even in the highly improbable event of a victory for the line of the New York & Harlem crosses one of
Eojestvensky, peace
would none the less
even then be nearer. The Eussian Government has all
along let it be quietly understood that it might entertain
a peace proposition if it could only win one victory. As
we have pointed out at another time, there was an
in
the East
these bridges compliance with the provisions
made
Act
necessary a change in the grade of the railroad. In
1892 the
it
of this
New York
undertook
to
Legislature passed an
Act by which
accomplish the result aimed at by
gress and at the
same time
to
improve the use
Conof
the
THE CHRONICLE.
1306
street Itself
—
tliat is,
use of the whole of the surface of the
was
tliis
viaduct
street,
which be-
other hand,
regard
it
was obliged
simply
Moreover, no new or
said in an opinion of one
extra
1S72
rlicy did
did
trricks.
not have before.
away with grade
which
is all
The
that
l)ene-
As
cases, south
court
of 125tii Street the structure gave the roads no
which
ex-
out a
were conferred upon the loads by the change.
of t!ie
erty
tlie
carried
luandate of the law.
It
by
do
to
Kail-
facilities
structure of
stone
crossings and gave
them four
they have now.
Abutting property -owners, Ijowever, felt aggrieved, regarding the new structure as an encroachment upon
Henry Muhlker had
their easements of light, air, etc.
l)ecome the owner in 18S8 of prc])eity at the intersection
of Park Avenue and 115th Street, and in 1891 had
upon the structure
trains
which -the State had built.
This seemed simple justice
State.
was
steel
its
public the
press direction of the
fits
refuse to obey, to operate
Obviously what the Harlem
impossible.
road did in
Harlem
the
upon a
vlevated above the ground, thus giving
fore
the
the law provided that
Jiailroad should operate its road
[Vol. lxxx.
On
to the railroad.
the
was manifestly hard on the abutting propowners, since the position taken by the Court was
where the property of an abutting owner is dam*
it
even his easements interfered with, in consequence of the work of an improvement in a public street
aged, or
conducted under a lawful authority, such owner
out remedy or redress
made
if
with-
is
no provision for compensation
is
in the statute.
This was
stand in
the
the
Fries
When
case.
the
Muhlker case came before tbe Court of Appeals, the
moot question, therefore, was whether the Court would
adhere
to this
later
ruling, reflecting
the
opinion of a
would revert to its
stand in the Lewis case which was the judgment of a
unanimous Court. Doubts were soon removed. In a
broad and unqualified manner the Court re-affirmed the
majority of the bench, or whether
it
upon the ground, the ele- views expressed in the Fries or later case. Chief Judge
vated road being constructed Qve years later. He began Parker, who wrote the opinion in the Muhlker case, stated
a suit for damages in the State court and in the ti'ial that the decision in the Fries case had been deliberately
erected a five-story
building
court Avas awarded $1,400; but
when
the case reached the
and carefully made, and
view of a majority
Court of Appeals this ruling of the lower court was re- of the members of the Court of Appeals at that time and
The Court of Appeals, as already stated, has still did. He held very emphatically that the State had
Tersed.
cow itself been reversed.
power to make an improvement of that kind without
When the Court of Appeals was asked to pass upon compensation to the abutting owners. He admitted that
the case in 1903,
obtained
it
was not
judgment the State
at all certain that the
below would not be atfirmed.
by the plaintiff
for
also
reflected the
had the power
compensation
to
abutting
to
provide in
and
owners
the
to
Act
appor-
incurred, in
acquisition
There had been, as was stated in an article in these col- tion
the
expense
the
umns two years ago, two previous cases dealing with the of the easements destroyed, upon the Harlem
subject of the injury to abutting property caused by the Railroad and the City of New York, as it apportioned the
series of improvements made at different times in the expenses of building the viaduct and making the other
condition of Fourth Avenue, and in the carrying out of changes in the street; and it still had the power, he aswhich the Harlem Eailroad was required to alter the serted, to authorize ascertainment of the damages to the
character of its structure on that avenue.
The first of abutting owners through its Court of Claims and to prothese was the Lewis case (Mary J. Lewis vs. 2few York vide for their payment; and it may well be, he said, that
& Harlem Railroad) decided Eebruaiy 27 1900 by a it would be equitable for it to do so. But that it posunanimous vote, and was in favor of the contention of sessed the power to improve the street, as it did, for the
The other was what is known as the Fries benefit of the public, in the manner that it did, compelthe plaintiff.
case (Fries vs. ifew York & Harlem Railroad) decided ling abutting owners to bear so much of the burden of
December 31 1901, in which the Court, by a majority the improvement as resulted from the partial destruction
opinion, became persuaded that the earlier view was in of their easements of air, light and access, he declared
He went further, and asserted
error and that no claim for damages could be maintained. there could be no doubt.
The earlier view was that when the Harlem Railroad that if in the judgment of the Legislature it had seemed
commenced to use the steel viaduct it started a new wise and just to do so, it could have assessed a portion of
trespass upon the rights of the abutting owners for the expense of the improvement upon the abutting owners
which it could properly be held liable. The later view, instead of placing it all upon the Harlem Railroad and
to which a majority of the Court of Appeals was com- the city.
mitted, was that the improvements made in Fourth
The United States Supreme Court, in reversing the
Avenue were for the benefit of the public and not for Court of Appeals and upholding the plaintift's claim foi
the benefit of the railroad.
The State found the Har- damages against the railroad, does not seem to have
lem Railroad in possession of four tracks in the middle been much concerned about these conflicting contenWe have not yet been able to obtain the full text
of the avenue with the right to operate its trains upon tions.
them, which right it was enjoying. The State could of the opinion, but from the newspaper accounts of the
not deprive the Harlem Railroad of this right to operate same the Court ai)pears to have based its decision upo:;
its trains in the street, but it had the power in the pub- the broad ground that the abutting property has contract
lic interest to compel it to run its trains upon a viaduct rights which the State cannot take away.
It is rather
So the State
instead of in a subway.
over the part
of the street
way and compelled
in the
subway and
formerly occupied
street,
by the sub-
the railroad to stop running
to
run
to
it
that of a divided Court, Chief Justice Fuller
instead.
these things and the
which
is
senting opinion.
opinion,
Peckham and Holmes
Justice
and said: "
We
McKenna
New York
to
uniting in a dis-
wrote the prevailing
are not called upon to discuss
the power, or the limitations upon
courts of
and
the
declare sales
power, of the
of property,
or
change or modify their decisions, but only to decide that
could not such power cannot be exercised to take away any righ ts
did not lose that right and become a trespasser because
statute,
sion
Justices White,
move its trains
which could not be taken away from it,
obeyed the command of the
noteworthy, though, that even in this instance the deci-
trains
its
them on the viaduct
The State had the power to do
Harlem Railroad, having the right
over the
built the viaduct
it
:
Ape.
THE CHRONICLE.
15, 1905.]
and have come under
whicli have been acquired by contract
the protection of the Constitution of the United States."
had been urged on behalf of the
It
decisions laid
were
down
controlling
the Elevated cases in this State
in
present
the
in
plaintiff that the
case
authority for the claims to damages.
and
furnished
In the Court of
Appeals Chief Judge Parker had expressly said tliat
these decisions in the elevated cases were not in point.
"There no attempt was made by the State
the
the
benefit of
the
for
street
use of the street
easements belonging
view
this
Supreme Court
States
of
Elevated
the
took certain
it
was
In contra-distinction
United
the
lays great stress on
the
McKenna
Justice
roads,
they were the law of
for."
Court of Appeals,
the
of
it
it
additional
owners which
abutting
to
compelled to compensate them
to
make an
doing of which
the
in
Instead
public.
granted to a corporation the right to
improve
to
Xew York when
cases
saying
Muhlker acquired
and '^ assured to him that his easements of
light and air were secured by contract as expressed in
those cases and could not be taken fi'om him without
payment of compensation." But the U. S. Supreme
Court does not base its decision on that ground alone, as
his property
may
be seen from the following additional
The
*'
and subordination of these rights,
is expressed not only by the Elevated
true relation
public and private,
eases^ but
*
extract
by other
cases.
Eminent Domain,' and
They
are collected in Lewis's
it
there said 'established
is
beyond question is the existence of these rights or easements of light, air and access, as appurtenant to abutting
lots, and they are as much property as the lots themselves.'
"
Justice
McKenna
reasons that
ship or control of the streets
is
while owner-
vested in the
city,
such
ownership or control
is
benefit of the public,
and neither the State nor the city
any use be made of them
not absolute, but in trust for the
has the power to direct that
which
would impair
the
contract
rights
of
privat-e
individuals.
While
justice is thus
owners, there
is
The
railroad.
own motion
done
a manifest
making
abutting property
to the
railroad built the steel viaduct not of
or to
promote
requirements of the law.
It
the
element of injustice
its
the convenience of the public
obey.
to
It
own
its
convenience, but for
and in obedience to the
had no alternative but to
even had to bear a part of the expense
of
amounting to a considerable sum in
the aggregate. It seems wholly unjustifiable to mulct it in
the additional sums required to pay the damage claims of
the change,
the abutting property
and
light
paired.
relief.
owners, whose easements in air
and access have been encroached upon and im-
The
As
Legislature, therefore, ought to
noted above.
opinion, expressly stated
power
to authorize
come
to its
Chief Judge Parker, in his
that
the
Legislature has the
ascertainment of the damages
to
the
abutting owners and to provide for then- payment, "and
it
In
may well be that it would be equitable for it to
common fairness this is what should be done.
do so."
THE BEEF TRUST AND THE RAILROADS.
We have received the following letter, pregnant with
facts regarding the
subscribers in jS'ew
Beet Trust question, from one of our
Mexico whom we hold in high esteem.
The SotJTHSPRixa Ranch and Cattle Company,
RoswELL, New Mexico, March 25, 1905.
the
of
Commercial and Financial Chroniole, New Ycric
)
)
E'i for
have been a reader of the Chronicle for 30 year?, anfl
real ic now out here in New Mexioo partly because I like to
know what is going on in the busy world and partly nerI
J397
haps from force of habit. It is only within five years that
my sons and myself have been largely interested in cattle
I have built railroads and have done other big
raising.
things, for which I have raised many millions of dollars in
New York, am familiar with large affairs, and I imagine I
am better able to look at both sides of the Beef Trust qnestion than most men who happen to be interested in raising
cattle.
I therefore venture to address a few words to you
suggested by a oareful reading of your editorial of March
11th, entitled "Light On the Trust Question."
The Garfield report on the so-called Beef Trust is the texfc
of your remarks.
That report spates th^t 12,500,000 head of cattle are slaughtered annually in the United States, and that the "Big Six"
slaughters of these 5,531,697 head, leavin» 6,978,303 head
slaughtered by all others,
You say the average net profit for the six companies for
the twelve months ending June 30 1904 as shown by their
"actual bookkeeping records"' was 99 cents per head. This is
exclusive of the excessive mileage obtained from the railroads
for the use of refrigerator oars owned by the packers. You
also show from the figures in the Garfield report that if the
packers had depended alone on the money received for meat
they would have lost over $11 on every head of cattle slaughtered.
But they received $11 96 per head for the hides and
by-products, and managed to make a profit of about 99 cents
per head.
You
also
show that the average
in the
two
fiscal
price received for hides
years ending with June 1902 and 1903 was
$6 36 each, leaving $5 60 per head for the by-products other
than hides. It is well known that all small butchers and
slaughtering establishments of moderate size must throw
away a very large share of the offal anl other s uff out of
which the big packers by their scientific methods realize
over $5 00 per head of cattle. In this respect it is safe to
say that the "Big Six" have an advantage of fully |4 per
head over the average of their competitors. The cattle
killed by the small butchers in cities and in country towns
all over the country amount in the aggregate to several millions auLually, and vpith most of them the by-products other
than the hides are a total loss. Over this class of men the
"Big Six" must have an advantage of fully $5 per head on
the by-produots. To estimate their advantage over the
average of their competitors, large and small, at $4 per head,
is certainly under the mark.
Another great advantage enjoyed by the big packers over
their competitors is the lessened cost of operation per head
of cattle due to their enormous business and to their em-
ployment of every mechanical and
The
administration and of
scientific
method.
report states that the cost of labor, of
other expenses is $190 per head of cattle in the "Big
Six" establishments. The average cost of the same work
done in the ordinary way, and which applies to a very large
all
share of the 6,978,303 head slaughtered by others than the
Trust, must be nearly, if not quite, double $1 90 per head,
Any person who has seen a big packing establishment in
operation, and who has compared its methods with those of
the ordinary butcher, cr even with those of a packing house
of moderate size, must know that this estimate of comparative cost is very conservative.
The ordinary butcher and small packing establishments
have no advantage over the "Big Six" in buying cattle or in
selling meat. In fact, the smaller men are at a disadvantage
compared with the big ones in these respects, but to consider
them on an even plane is over fair to the packers.
The conclusion seems inevitable that the "Big Six" must
have an advantage of at least $5 per head in by-produots and
expenses over the average of their competitors, even if it is
true, as they claim, that they take no unfair advantage in
buying cattle and in marketing meat.
The following conclusions, therefore, seem to be unavoidable.
First— It
it is
true that the profits of the "Big Six" are only
99 cents per head on the cattle slaughtered, then those
who
kill and market the product of nearly 7,000,000 head musti
This is too
iose about $5 per head, or $35,000,000 annually.
absurd on the face of it to be possible of belief. Butchers
generally are among the most prosperous men in the com-
munity.
Sfcond.—U those who slaughter 7,000,000 head annually do
it without suffering any loss— (that is, if they work year in
THE CHRONICLE.
1398
[Vol. lxxx.
and year out for nothing, but just come out even) —then the
"Big Six" must be making at least $6 per head on the cattle
they kill, instead of the 99 cents which they admit. If the
packers have told the truth, and the whole truth, to the
agents of Mr. Garfield, and if the conclusions in his report
are a fair deduction from the facts they obtained, it is impossible that independent packers and butchers who do
business on a moderate scale could continue in business
without suffering ruinous losses every year. But they do
not lose money as a whole. Some of them are being crowded
to the wall by the Trust, but not by fair competition.
Since the six big packers have been working together in
harmony (call it Trust or what you will) cattle have been
lower in price, compared with the selling price of beef, than
they ever were for any considerable period of time. There
have in the past be n spasms of violent fluctuations, when
cattle have been low, and beef high, or vice versa, due to
Railroad managers would hail it as a deliverance. It would
be a means of grace (as the preachers say) to many a sorely'
perplexed Traffic JIanager who does not like to do wrong,
but who must get the business or lose his head. Railroad
owners would be vastly benefited, and those savings banks
and widows and orphans who own railroad bonds, about
whom you have so much concern, would be made
transient causes, but there has never been in the history of
the trade the chronic condition of low-priced cattle and
high-priced beef that has ruled since the packers' Trust was
to themselves.
formed. This well known and undeniable condition must
have a cause, and what cause can there be other than the
juggling of both sides of the market by the Trust?
The greater the difference in price between beef on the
hoof and beef in the retail butcher's shop, the greater inducement there would naturally be for men of means to go
into the business of killing cattle and selling meat. For
several years this gap has been unnaturally wide -in fact,
unprecedent9'^ly wide. Why have not men taken advantage
of it to make money? Avery good reasn indeed. The
" Big Six," or its allied interests, own a very large percentage of the refrigerator cars in this country. Their busi-
should charge every shipper the same price for the same
service.
They should deal with the public just as the Government deals with it in selling postage stamps. To this ideal
it would be hard to attain, but they can, if they will try,
come vastly nearer the goal than they do now. In their
efforts to retain the good-will of the packers and other great
shippers, they pay a terrible price in money, and they seem
to forget that in doing so th;y are losing ten times as much
in another direction— the good- will of the public.
,
ness
is
so large that
where there are competing
lines of rail-
off one against the other, and bulldoze
the whole of them into paying exorbitant service for the
cars and in giving them low rates and other favors besides.
The unreasonable mileage amounts to such a large cut in
the rate that independent packers find it impossible to compete on long haul business. Where the market for fresh
beef is near the independent packing house, the disadvantage
is not so great.
The advantage of the " Big Six" on shipments from Chicago or Missouri River points to New York,
Philadelphia, Washington and to the East generally, or to
Europe, is so great as to be prohibitive to packers who do
not own cars. The difference in the rate caused by the
mileage drawback is not the only disadvantage the indepenTo successfully compete with the
dent packer suffers.
Trust on distant shipments he must ship Lis meat every
road they can play
safer.
This "equality of opportunity" is the on Jy thing which is
needed to induce capital to invest in the packing business on
a scale large enough to successfully compete with the "Big
Six/'
The control of the railroads is getting into so few hands
it does seem that their owners and managers should be
able to obliterate the rebate, private-car and kindred evils.
They are able to jointly raise rates all over the West and to
that
make many
regulations onerous to the public, but profitable
It is hard to believe that they cannot enforce
equity between themselves and all shippers, including the
pHckers and the public generally. That means that they
owners and managers have power to rewhich the best men among them admit and
If the railroad
form the
evils
and
they fail to exercise that power, then they
ought to be compelled to do so by some power greater than
deplore,
their
if
own.
they are so completely dominated by the Trust, or so,
distrustful of each other that they cannot reform the abuses
without help, then they ought to welcome the help of Unole
Sam. If the railroads unitedly are not greater than the
•Big Six," the only higher power on earth is the United
If
States Government. Every consideration of justice and
prudence should teach the railroads not to let the evils grow
and fester until they cause some Bryan to be elected to the
Presidency to play the role of a bull in a china shop.
Yours
truly,
J. J.
Hagebman,
{Pr(sident).
There can be no doubt that our correspondentj by
reason of bis knowledge and experience, is, as he says,
His customers must know on what they can depend.
"better able to look at both sides of the Beef Trust quesBut the independent packers cannot get refrigerator cars
with regularity as the men can who own them. The rail- tion than most men who happen to be interested in raisroads own few of such cars and cannot often furnish them, ing cattle," and his letter is therefore deserring of careand sometimes dare not even if they could, because they are ful consideration. As to his estimates of the profits
afraid of the concerns which ere forever swinging a big made by the big packing establishments, it is easy
day.
club over their I eads. The fact is that in this respect the
railroads should be considered the victims of the packers
rather than their accomplices. Several attempts have been
made in recent years to organize large packing establishments to compete with the Trust, but they have failed to
attract the necessary capital. Why? Largely because of the
advantage the Trust has in owning an enormous number of
and through which their owners get what
amounts to a big rebate on freight rates under the guise of
to
show that he
is
far
It will be observed that
astray.
He
ad absurdum method.
he adopts
the
argues
the large concerns, because of their scientific
tiiat
reductio
methods and the utilization of all waste, have an immense advantage over the ordinary packing concerns.
This advantage he estimates at "five dollars per head
refrigerator cars,
am
not guessing at this bulldozing of the
railroads by the packers. I have, through my railroad experience and railroad acquaintance, known it for years. I
have heard railroad Presidents and Traffic Managers in private roundly berate and curse the packers for their selfish
methods. The owners of the roads in New York look for
results, and woe to the President or Traffic Manager who
does not get them. They cannot lose the packers' business
and keep their heads on their shoulders.
So, Mr. Editor, it seems to me that this Beef Trust question
comes back largely to the question of rebates and special
privileges unwillingly granted to the packers by the railroads. The concessions are the result of "stand and deliver"
methods which few but railroad men can understand the
force of. If by any fair and safe means all shippers could
be put on absolutely the same plane, so far as the cost and
facilities of transportation are concerned, it would solve the
Beef Trust question, and God knows how many other evils.
car service.
I
in
by-products
their
and
expenses
competitors, even if
they take
average
the
of
true, as they claim, that
no unfair advantage in buying cattle and
marketing meat."
of the
it is
over
Hence
it
follows
that
if
iu
the profits
"Big Six" are only 99 cents per head on the
cattle slaughtered, then
the
outside concerns on
their
product of 7,000,000 head of cattle must lose about $6
per head, or $35,000,000
is
too absurd for belief;
annually.
no one
will
ion that "butchers generally are
perous
men
in the
community."
This, he well says,
question
am ong
the
his
asser-
most pros-
Proceeding a step
fur-
ther in this process of reasoning, he reaches the conclu-
assumed to be
suffering any loss "then the 'Big Six' must bo making
at least $6 per head on the cattle they kill instead of
the 99 cents which they admit."
sion that as the small butchers cannot be
Ape.
But
THE CHRONICLE.
15, 1905.]
let
us see where our correspondent's
conclusions
1399
supply coming from outside sources, that in most of the
We
need hardly say that the large packing larger cities there are important establishments slaughtconcerns have not been in the habit of taking the public ering from 10,000 to 40,000 cattle per year, which, while
into their confidence and disclosing the aggregate amount less efficient than the great Western houses, are probably
With one exception not at a great disadvantage in this respect. Furtherof their profits trom year to year.
lead
to.
they
controlled
are
and
individuals^
ception
their affairs are
&
Swiit
is
list
a sealed book.
Co., the stock of
which
Tlie ex-
is
listed
Exchange; the company has a
the Boston Stock
holders'
each instance by a lew leading
in
of over six
thousand names.
on
stock-
This concern,
more, a considerable portion of the cattle locally slaughtered in most cities
ffivinj?
obtained from a moderate distance,
is
concern
the local
Western packer
a decided advanta^re over the
respect
in
New York
New
In
transportation.
to
and in some other places
establishments are more largely dependcattle brought from the West, it is ad-
England, in
City,
some information at times, where the local
though even in its case the details are of the most meagre ent upon live
There is no statement of profits for the mitted that these establishments are at a decided
description.
twelve months, but this much is known, that $2,100,000 disadvantage in competing with the Western packwas paid out in dividends on the company's capital ers, who pay freight only on the less bulky and
But this
stock in 1904, while at the same time there was more valuable commodity, dressed beef.
an addition to surplus of $1,750,000, making the ap- disadvantage, it is claimed, is in some measure offparent profits for the calendar year 1904 $3,850,000; for set by the usual preference for home-killed beef.
1903 the apparent profits arrived at in the same way Again, though local butchers in cities and towns of
were only $3,000,000, and for 1902 the amount was $3,- less than 50,000 population are generally much less
!Now suppose that our correspondent is correct efficient in their methods than the large Western con250,000.
therefore,
is
obliged to furnish
in his contention; suppose that instead of 99 cents a head
the packing concerns are
lows
&
Swift
?
With a
cattle.
on
profit
Co.
profit of
item
this
in
have been over $9,000,000 (or three times the apparent
profits
it is
contended that such disadvantage
is
usually
making $6 per head; what fol- more than counterbalanced by the fact that in nearly all
1903 killed 1,578,215 head of parts of the United States, except New England, they
$6 per head the aggregate of can usually draw practically their entire supply of cattle
cattle-slaughtering alone woul d
of
cerns,
on the entire business of the company of every
We are
from the immediate vicinity.
defend the Garfield report, but
not concerned to
conclusions as to the
its
"Big Six" are apparently fortified in so
be added many different ways that we cannot see how the figures
profits of the
would have to
slaughter- can be successfully controverted.
the profit made by the same concern in
But our correspondent is on sure ground when he
ing 4,079,756 hogs and 2,334,261 sheep in the same
comes to deal with the evils and the iniquities of the
year.
On the basis assumed, we hence get profits of such private-car lines. There he leaves the field of conjechuge proportions that the result is manifestly absurd ture and enters the realm of facts. Moreover, his previshowmg clearly that the estimated profit of $6 per head ous experience as a railroad manager qualifies him to
On speak with authority. His statement as to the pernicof cattle slaughtered is excessive in the extreme.
if
we
allow
a
profit
of
the other hand,
99 cents per head, ious practices that attend the ownership and operations
description);
and
this
to
as per the Garfield report, on the
&
1,578,215 head of of these lines are not one whit exaggerated.
The
facts
and add similar mod- are admitted by every one and have been brought out
There is absoerate profits on the 4,079,756 hogs killed and the 2,334,- by official investigation time and again.
26 1 sheep killed, we get an aggregate of profits which lutely nothing in the report of the Commissioner of Corapproximates closely to the apparent actual total of porations to disprove the very serious charges which
by Swift
cattle slaughtered
Co.,
by the amount paid out in divi- have been made against these private-car
dends and the sum added to surplus. And the result fact it will be remembered that in this report
would be the same if we should deal with the combined mated that in addition to the 99 cents
lines.
In
is
esti-
output of the whole six packing concerns instead of with
of
cattle
head
was
profits as represented
Swift
&
Co. alone
—that
our
is,
final
total would be of
head
preposterous proportions, for the six concerns in 1903,
ized
besides 5^ million head of cattle, slaughtered also over
erator
20 million head
the
The
of hogs
and sheep.
Garfield repoi-t ascribes
packing concerns
in
the success of the large
earning high
dividends, notwith-
from
realized
equivalent
25
of
from
the
cars
and
slaughter
the
cents
more
ownership
of
per
the
of
by-products.
profit
private
a further 25 cents per
elaboration
it
A
per
the
real-
refrig-
head from
profit
of
25
cents per head derived from the possession of private-car
facilities
we need
hardly say
is
an enormous advantage
As our correspondent well says,
profit, to the enormous scale of as things stand to-day.
having aggregated in 1903 no less through the excessive allowances on these refrigerator
than $700,000,000.
On the other hand, the smaller cars the owners get what amounts to a big rebate oil
concerns seem to do their business in the main in a freight rates under the guise of car service. His referstanding the low rates of
their business, this
from that dominated by the "Big Six," a ence to
large proportion of their production going to minor shippers
the
different field
—
markets.
For instance,
New York
to
bulldozing
the
practice
tactics
of
employed
playing
off
by
large
one railroad
"Big Six" against another for the purpose of obtaining low rates
75 per cent of the beef consumed, in and other favors uncovers another and still more serious
Boston more than 85 per cent, in Philadelphia about 60 ill. The circumstance that the big concerns are able to
per cent, in Pittsburgh more than 60 per cent, in Provi- do such an immensely preponderating proportion of the
dence more than 95 per cent. On the other hand, business at the leading centres must be considered as
Buffalo and cities west of Pittsburgh, such as Cleveland, supporting the contention that independent packers find it
Cincinnati and Indianapolis, receive only from 10 impossible to compete on long-haul business because the
in
the
—
furnished about
to
33J per
cent
six companies.
of
The
their
beef
supply
from
these
report says, with reference to the
large shippers hold the whip-hand in transportation facilities.
No
one cognizant of the facts will deny that the
)
THE CHRONICLE.
1400
railroads should be considered the victiras of the packers
on the other hand
j
This, therefore,
is
the evil to
Congress and Government
efforts.
Our coiTespondeut
when he
insists that the
analysis
comes hack largely
should direct their
officials
puts the case in a
Bsef Trust question
the
to
Very
legislation this
nutshell
—
Tear
packers
of
all
—
this,
wholly unionched.
crying evil of the
Has
not the time arrived tor striking at the real root of
left
is
?
RAILROAD GROSS EARNINGS FOR MARCH.
railroad gross
ct
earnings
for the
month
of
and the results furnisli evidence that the conditions which brought
about decreased earnings in February were not perma-
March
reveal quite
nent in
satisfactory comparisons,
character.
their
Our
compilations
merely the roads which furnish early
comprise
re-
an aggregate of 80,134: miles ot line.
These roads show an increase of $o,199,9i0 over the returns, covering
ceipts in the corresponding
mouth
gain being 10'21 per cent.
This
the showing for the
month
of
year, the ratio of
last
is
in sharp contrast
with
February, when our early
statement (covering substantially
the
same roads)
doubt correct also to say that March weather
was
better than
March weather
the situation as to the cotton
in 1901.
It is
Preeedino.
Mile:
P. c.
'96 (118 r'ds)
8?.084
9 2,737
87,70)
0*41
85,035,025
9?.04
0-75
t,7,253
9e,08t<
1-21
88.730,150
4t,9l8,37f
94,333
93,235
1-18
45,851,636
69.388
'OlClOSr'ds) 1.0.739
'02 (89 r'dB) 92,041
97,4Bt'
1-87
54,226,22*
97.64
3-28
58,451.929
'J7 ,'121 r'd»
'J8 (133
Ms)
Inereatt
or
Decreate.
P. c.
4-16
t
3'.U3, 445
36 574,,591
3S,767. 463
4!,192, 673
4S,30«. 240
Inc. 1,521,580
156,556
Inc.
C-42
e.iso.'is 15-87
2,65S,9«8 6-15
90,481
1-72
53,947,913
95.620
93,441
2-33
63.666,496
'04
(69r'di)
(aOr'dt)
Inc.
Inc.
Inc.
64,154,»3i Inc.
60,-60,,057 Inc.
65,631,,679 Inc.
86.636
83,386
2-68
64.218,887
64,36S, 422
'05
(82r'd8)
80,184
78,381
1-39
53,099,46?
50,869, 622 Inc. 6,199,941' 10-31
'.J9
r
(119 r'dt
'00 1112 c'di
Jan. I to
Ma
r.
6,919,9i9 12- -5
4.296,997 7-93
6-30
3,197,858
8,0n,8l7 L4-43
Dec
0-25
137.135
31.
87,701
0-42
'87(l20r'di!)
88,094
98,60-
91,107
&*76
106,484,4 1£
104,267,857
'OS (131 t'd«)
'30 (118 r'di)
98,99.
96,83;
1-21
123,755,310
93,876
92.777
l'i8
126,102,007
'OO(Hlr'dg)
'OKlOSt'UB)
99.115
97,195
1-97
154.477 .64"'
100.73('
97.64-
(89 r'dB)
92,041
90,481
3-i8
1-72
166,656,409
'03
(69 r'dB)
2-33
181,463,231
180,459,15- rne.21. ,004,078 lS-09
(CQr'ds)
(62r'dj)
95.620
85,«06
93,441
'04
83,386
2-6?
152,071,33"
80,1.H4
78,881
1-5B
149.372,126
153,791,510 Oec.
142.416,45& In:.
'96 (118 r'dB)
'08
167.674.61';
98,0^9 083 Inc. 9 ,445,379
3, 268,163
9-8S
3-03
107,559,61i' Dee
109,339,374 /ne.l7. ,415,938 15-93
121,187,638 Inc. 4 914.369 4-06
182,588,843 /tK;.21, 938,700 16-55
161.185,366 Inc. IS 449,261 8-78
146,020,060 Inc. 9, 636,849 6-58
1, 720,174
1-ia
4-88
6, 9:6,671
NOTB.— Neither the earnlnfra of the Mexican roads nor the mining
operations of the anliraolte coal roada aie Included Id This tble.
r
The gains come from
parts of the country, but
all
Southern and Southwestern roads are particularly prominent in that regard, which
movement
by
The
indicates the part played
in the traffic of these
improved earnings upon these
no
cant as
many
last year,
that time.
this
Oiven.
fdUa,
the cotton
conditions which had been one factor in the
decline in February were decidedly improved.
Tear
roads.
re-
corded a fZecrease of $1,263,458, or 2-81 per cent.
Weather
—the im-
Earning$.
Tear
III'
March.
'05
preliminary
Chro$*
Tr.pre-
Qinen. cedinc!. cr'se.
'03
Eeturns
ilarch 1903
in
years, as the following table will show.
MUeaoe.
the
the trouble
many
strangely, too, in all the plans for
day
mean
provement had been very noteworthy, reaching no less
than $8,021,817, or 14-42 per cent.
In fact up to 1904
there had been large and continuous gains in March for
rebates
of
to the
most important matter
—we
in its final
question
and special privileges unwillinizly granted
by the railroads.
of which
redress
the
[Vol. lxxx.
j
rather than their accomplices.
new
.
year
Furthermore,
movement
in the
South
movement
in the
West
lines is the
more
signifi-
March
of these roads also had increases in
forming exceptions
to
the rule of decrease at
For amounts of increase the Northern
trans-
Korthern Pacific
continental lines excel
all
cordmg an addition
$667,555, the Canadian Pacific
of
others,
re-!
an addition of $560,813 and the Great isortuera
and Southwest was completely reversed. It will be reThe Canadian Pacific
an addition of $378,071.
called that in February planters were withholding their
account
of
the
severe
March
on
in
1904,
c:tton from market on account of the low market price
experienced,
deciease
weather
reported
$83,565
of the staple, this policy having been carried to such
and the Xorthern Pacific $23,789 decrease; but the
lengths that the receipts of cotton at the Southern ports
Great Xorthern then had $142,068 gain, to which the
actually tell very much below the receipts in February
The Xew York
present year's increase is additional.
In March, on
1004, following the small crop of 1903.
Central also stands near the top of the list with a gain
the other hand, cotton again came to market with conof $543,038, following $186,662 loss in March 1904.
siderable fieedom, bringing a great increase in the moveThere is only one road the present year out of the sixtyment, and it is significant of the bearing that this had on
two reporting which has a decrease in excess of $30,000,
the traffic of the roads concerned that Southern and
namely the Hocking Valley with a loss of $81,345;
Southwestern systems are this time distinguished again
there was a loss last year on this road in amount of
lor pretty general and quite large increases in earnings.
In the following we show all changes on the
$12,818.
As
it
happens, too, the grain
increased over a jear ago, and the receipts of swine were
likewise
Of course
heavier.
trade and
business con-
tinued active, furnishing a good volume of merchandise
and the iron and steel industry continued buoyant in the extreme.
In Colorado there was a decided
advantage in the absence of the miners' strike, which
was such a decidedly adverse feature in that State a year
freight,
ago.
Altogether,
it
will
be seen there was quite an
aggregation of favorable circumstances, and
it. is
natural
that the eflects should be reflected in enlarged totals of
earnings.
separate roads, whether increases
in excess of $30,000.
PBINCIFAL CIlAKaEB IN
is
with
Northern Paolflo
Oanartliin Phcltjo
H.Y. Central & HR...
Great Northurn 8ya.
Montana Central. $
Southern BaUway
Mo. Kans. & Texas...
Qr. TrunkSys. (3 rdB).
LoalBVlUe & Nashville
Mlnn.Bt.P.AS.Ste.M..
Ht. Louis Sonthwest...
minols Central
Yazoo
& Miss. Valley.
Wabash
InternaflA
Gt. Nor..
& Rio Grande.
diminished earnings a year ago,
though on the whole the falling
ofl
then (treating the
GKOSS
BARITIHOS IM
As
ITIARCH.
Increanea.
Increase*.
Denver
Comparison
or decreases, for suing
$"567,555
660.81.3
543,038
q-jo nn-i
a^o.v/i
S63,837
29-'.882
261,488
231,148
230,941
204.•^30
2U3,607
126.860
121.843
114,061
108, 100
Mo. Paolflo &Ir. Mt.>
Central Branch... $
Mobile AOhlo
Texas <& Paclflc
amf, roi
*n......«i
101.418
100,389
84,«47
Central of Georjrta....
Colorado & Southern.
Chic.IndpllsALonlsv.
Cin. N.O.&Tex. Pao..
Ala.N.O.&T.P
"77,980
66,704
6,5,244
Gt.S'th'n...
Dnluth 80. 8h. & Atl.
Mlnu. & Bt Louis
57,931
50,132
31 ,793
30,908
Total (representing
32 roads)
$5,180,537
(Sr'ds)
Alabama
HooUng
'
Oeereaites.
Valley
indicating the extent of the change in
$31,345
the
cotton
was inconsiderable. As far as the movement, it is only necessary to state that at the Southseparate roads were concerned, there were some large ern outports the receipts for March 1905 amounted to
losses at that time, but these were offset by improved re- 693,262 bales, as against only 265,800 bales in March
sults on other roads, and in the aggregate tiie decrease on
1904. The shipments overland were also somewhat larger,'
ihe roads making early reports was hence only §137,135, aggregating 71,128 bales in Marcli 1905, against 153,466
or but a small fraction of one f^er cent.
The year before, bales in 1904 and only 119,153 bales in 1903.
roads collectively)
1
.
Ape.
7
.
March.
Since Jantiaru
SARNINOBOF HIDDLE AND MIDDLB WB8TBBN OBOUP.
19C5.
1904.
eKsTO
76,31F
474.96r
463.677
431.070
2.849
22.(k6
74.7-t
42.376
75.26t
246.201
101.818
179.00f
e77.T51
52P,06?l
624,799
8,344
8.624
SSfi'it
29,663
Peiuroola,&o
19.408
16,099
}»,743
15.85t
46,01t
30,684
BsTaimah
Brant wlok.&o
OharlHton
PortBoral, &o
£0,698
7,274
10,688
105
80,768
74.67f
224,901
17?,«35
6«,048
66,^04
207.2ei
2,081
11,34^
31,76ti
2P.83I-
37.267
6.433
2.165
21,757
12.805
2t;0
187
31,831
26
Wilmlmton
Wai hington, &o
15,869
4.B17
34.76(^
87,638
Hortclk
43,268
88,911
26,728
107.994
108.611
114,272
1,947
S.468
1.02-
6,89:
11,591
10,536
BabluePaiB &o
HtwOrleani
Mobile.
Newport News, *o
4
13,89S
J
003
1006
Marclt.
t
] 68.068
West was
the
in
2,649,77^
2,987.408
2,637,87;-
463.46^
47e,5:77
409,821
4,050,8
3.968.657
3,6C9,llf
7,003.29«'
6,460,258
6,646,9«
6,483.62'
k031,£48
852,017
931,64j
976,84;
297.01.'^
279.786
278,846
113,892
890,606
118,80?
266,480
677.565
232,826
84.894
217,699
1,872,469
1,750.616
1.706.«3<
1,551.666
1,467,308
1,864,260
843,125
386,088
836,18-
273,586
237,806
841J880
N,Y.Cent.&H.R.+
83
Pere Marqnette*.
roI.& Ohio Cent..
rol. Peo. &Weit.
rol.St.L. AWett.
formed an ex-
generally larger than a year ago, wheat
98.134
ception to the rule, reflecting in this
last season's short
Western primary markets the wheat receipts for the five weeks ending April 1 were only 13,655,435 bushels in 1905 as against 16,093,243 bushels
The corn rein the corresponding fire weeks of 1904.
crop.
At
the
on the other hand, increased almost 11^ million
bushels and there was also a considerable increase in
ceipts,
Taking wheat,
of oats.
the deliveries
ley and rye together, the receipts
present year were
for
corn, oats, bar-
the five weeks the
63,701,513 bushels, as against only
Total
in
Wh$at.
Corn.
(bblt.)
Ibuih.)
Cbuth.)
Blnoe Jan.l, lOOt
Since Jan.l. 190-1
897.81 >
1.437.437
8,036,841
v.939,:2li
I.BOl.OOO
1,186,470
«.787,40O
S.877,788
t
Alabama Ot.Bo..
llnJT.O.*TexJ>.
CionlsT.&NathT..
tfobtUAOhlo....
4aali.Ohat.&8t.Ii.
Southern Ry...
)
BULonltDlT.
5
3z.2l0.i1f irt.715.68-.
80,378.70 2l,3il,49t
6,8«7,80:<
7.169,57';
117,100
353,666
366,913
778,143
mivnuktt—
Sie350
Dwki. Mar.. 1905
10J.625
6 wkt. Mar.. 1904
8lneeJan.l.l90r
SlnoeJan.1,1904
60.9U(
618.320
546,600
378.21
387.955
1,249.840
2,129.680
6a3,600 1.410,600
l.'i67,800 l.-U.IOt
2.992.500
1,«57,8W 2,068,40( 3,966,96(
263,305
1,326,237
1.B12.421
1.984.831
8,131,32;
M00.8B0
941.80'
558.60(
79.200
169,408
172,500
304,000
247.11'
683.640
096,305
3,513,
U4
5,79&,132
1.991.3C0
1.813,515
4,310.8d0 4,151,87.
7,868,065 4.766.470
411,200
589,000
E80.00C
1.368,001
•
....
67.500
840.000
281,100
576,490
•
BlnoeJan.1.190.^
81noeJan.l,1904
777.00
549.00
8.Ui6,0uC
8,450,24
746,700
4.40(
226.601
1.730
8,800
2,2S0
l,564.20l>
074,900
DttroH6 wkt. Mar., 1905
6 wkt. Mar.. 1904
86,40'
84,O0C
WnoeJan.1,1005
47.4f'l)
Since Jan.1. 1904
7O.o0(
784,1?8
67,487
166,683
138,955
318,634
488.182
1,771,88
1,084,371'
1,040.78c
148,142
li 5.167
989,11?
637,02
277,358
477.96
2.164
164,40'
2!;e.77f
8,»-01.tlti7
1,053,09.
198,866
8.788.0C0
695,48.-
03.061
99.200
44.20U
816.20"
1.240,000
1.55d,OO0
8,591.000
210.601
6.4S8.00<
1.198,40'
990.40!
2.2MT,80(
«,646,00(
276.606
417,701
e81.00f
(71«««Ianci—
6wkt.Mar.,190h
8,164
6 wkt. Mar.. 1904
Since Jan.i, loot
Blnee Jan.l, 1904
76 913
22,002
37.774
68,364
84,20
,.
8.817
9,917
=
BB.
8
838,853
826,474
t
188,468
631.708
672,401
686,391'
477.5U
1001.
8,084.874 8.608,37^
8,846.60-
7J9,02<
558,043
676,610
4,418,817
4,054,980
8.816,9U
798,946
072.085
628.704
IGOO.
1
1
190,782
181,759
672,602
688,828
445,072
444.314
8,498,243 8.468.t87
602.468
610,018
664,068
0S8.S80
3,842,084 8.183,916
666,855
8,867,023
176,«81
406,131
\
6C«,001
8,669.286 8,848.£06
BABHIHOB OF SODTHWBSTBBH OBOUP.
1904.
1905.
1903.
•
1908.
1001.
1000,
t
476.68-
1
808,903
458,89.
S
452,690
800,801
t
848.968
1.888,800
1,176,800
1.352,965
1,227,777
1,310,480
1.100.167
Iat.ftOt.No..
487,86C
888.697
3C^089
1,690,80^
Bouthw.
Texaa * Pac.
797,589
1,049,33^
1,001,664
368,843
1,240.387
8,000,865
603,827
869,840
418,94S
tfo.K.*Tex
M.P.&CBr'ch
878,289
1,897,486
3,844.760
603,899
948,934
986.874
3.981,848 a,060,290
081.487
471,680
936,678
088.805
9,685,00<
8,681,801
8,017,412
7,832,679
7,895,88i
* Sonth.
B.Or.W..t
8,760,S71
St.!!.
TotaL.
1,338,671-
8JJ11,808
672,306
1.869.701
6,668,892
BABNIMOa OF NOBTHWBSTBBH AND NOBTH PAOIFIO OBOUP,
E0.01«
60,300
170.018
893,800
6.400
3.500
44,960
84.300
1908.
$
260,87t
852.358
852,641
MarcK
1906.
1904.
1903.
1903
1901.
$
1
t
3,615.762
8
1
s
2,6C0,61V
2,894.787
631.671
883,10f
509,928
ToUdo5wkt.Mar.a90?
6wkt.Mar.a904
19C3.
Total.......... 18.820.900 11,198,787 10,691.K0 8,037,651
Bt.LovU—
6 wkt. Mar.. 190&
» wkt. Mar., 1904
Since Jan.l. 190&
SlnoeJan.1,1904
19Ci.
647,889
886,689
raioo*MlM.yaL
UareK
Rv*.
ibmh.)
Barl$v,
Ibtuh.)
8.993,685
2.978.541
6,92»,84<
810,605
936,400
637.645
8.477,7E6
748,816
901,076
Jeot. of 0«orKia..
•
9.895.B5(
9.651. 87V
16.124.C5.
1906.
1.
OMcaoo—
6wlM.Mar.,190&
6 wks. Mar.. 1904
lP,e63,149 18,668,762 19.048,30.' 16,262.862 15,179,901 13,416.684
MareK
WEEKS BNDINO
Oatt,
(biMA.)
438.843
844,937
8,Sg6,t9C 2,186.635
346,793
866.568
?,28e,434 8.875.745
5,ri29,56f 4,840,598
6P5.215
682,118
202.00i179,407
94,5«t
95.401
236.594
l€e,29fl
aABNIHOB OF 30UTHBBM OBODP.
Col.
flour,
486,96
838,012
•Tneludet Lake Brie & Detroit RIyer Ry. In 1906, 1904. 1903 and in 1902.
The rail Brnok System, the Beech Creek UH. and the WaUklll VaUey
and Botton & Albany inclnded for all the rears.
k Flgnrei tor March. 1905, not yet reported; taken same as last year.
The details of the grain
our usual form are shown in the following.
BSOBIPTB OF FLOOB AND OKAIN FOB FIVE
APBIL 1 AND SINCE JANUABY
134,901
t
53,247,263 bushels in 1904.
movement
$
144,8C3
336,32e
56,200
quite
ISOO.
1
148.664
497,063
minolt Central....
Wabaah
1901.
t
167.507
632,27 5f
e52.(;94
Grand Trutk Sys.
Uocklns Valley.
1008.
642.91P
410,34r
Ann
Arbor.... ...
Bnir.Roch.& Plttp
Cblo.Ind.& LonltT.
<
1908.
t
171,508
616,54
f^heel.AL.Brle..
While the grain moyement
1904.
477,050
2,911,267
382.114
4.294.167
431, 72i 1.75P.863 1 452.020 1.789.150
2115.800
693.202
Total
1908.
furnish the following six-
customary form.
in groups in our
1.
234,254
1P.486
1904.
we
analysis
year comparison of the earnings of leading roads, arranged
Port$,
1906.
1401
To complete our
KECEIPT8 OF COTTON AT SODTHEBN POBTB IN MABCH, AND
FBOM JANUABT 1 TO APBIL 1, 1905, 1904 AND 1903.
OalTfliton
;'
THE CHRONICLE.
15, 19U5.J
balei
) ....
.
Canadian Paolflo.
Chlc.at.Wett....
OnlnthS.S.AAtl.
great North. Byt.
Iowa Central....
Mlnn.&St.Loalt.
3,688.187
689,404
836.88t
688.16<:
3,419,705
3,041,<!34
2,953,770
£01,02]
204,747
210,4:>
3,722,178
222,021
8,356,848
2.470.ea
210.C8
286,468
474,11»
077.666
226,362
2,899,66«
213,87i
835.868
602,734
102,863
200467
298,169
450,347
282,496
364,10f
841,051
448,604
4,161.423 8,493,868
3,617,667
8,168,61'
8,686,064
239,40,
866,389
M. St. P. 4 8. 8. M
Sorth. Pacific... i
Bt.PanlftDul.
Total
4,008,00<'
ISOO.
706,05«
205,043
3,405,311
/
180,4e5
I
13,808,200 ll,8£e.665 11,949.369 10,641.69
9,168.74-
9.096.671
Peoria6 wkt. Mar., 1905
6 wkt. Mar.. 1904
31nceJan.l,190t
Since Jan.l. 1904
Duiutti5 wkt. Mar., 1905
6 wkt. Mar., 1904
Since Jan.l. 1905
3lnoeJan.l. 1904
108.36:
170.70
398,856
S9B.869
98.001
,.
.
98,600
aoo.70c
385.700
7t8.60'
tl84,20i
34.61(1
2,640
185,881
e4.1!48
91.468
468,920
80,340
182,676
1,828,780 1,285.89'
;<68,470 1 911,994
580.500
2,081,50'
3.789,160 2,824,68.
1.710,791. 6,231.47.
8,178,810
106.663
163.760
356,533
600,910
••••>••
1.189,«2
946,4S(
iM.iO
8,021,408
3,421,232
7B.90C
29,281
8.028.280
769,0fC
1. 607.96-
3,403.021
MinneavoK*6 wkt. Mar., 19C5
5 wkt. Mar.. 1004
Since Jan.l. 190.
BlnoeJan.1.1904
Kan$a» Citv—
8,397.2tV
2l.!:8a.l6
22,ia9,0kiS
1,710,900
2 587,2 C
4,207.c0l
10,254.700
1.^01,800
3.48f<,50(
601. aor
3 4.40
1,244,400
6,098,20
1,076.600
l,ia«,eO'
1,381.362 18.e6S.436
2Ai63.3iO 16,098.V43
32-)7,320 80,983,64
4.596.49
48.413,555
Western roads
also
24,782,26^ lS,fl96.798
.
6.188,896
6,069,574
384.191
867,889
55,814.217 34,94 .5: 14,488,11'
48.580.49b 44,117,fl2i 16,106.421
2,304
8,208,745
13,885,04*' 16.W4 1.511
.^
had, as already
1.2'
pointed out, a
against only 1,237,519 head in March 1904.
Of sheep,
however, the receipts were only 773,514 head against
790,257 head, and of cattle 598,973 head against 038,533 head. The figures cover the five principal markets,
namely Kansas
City,
Chicago,
Omaha,
St.
Louis and
1905.
1904.
310,506
260,378
247,481
127,865
128,43?
168,098
5,232
652.994
9S,51S
4,093,000
936,400
11,68a
689,404
477,050
121,582
637,645
476,883
202,022
117,030
126,790
134,901
Inerecue or
1905.
Becreaat.
'
1904.
$
9
-^50,132
SOS
809
-h45,459
19«>
100
143
189
292
lla.N.O.&Tex.Pao.—
N.Orl.&No.EaBt..
Ala. & Vloksb
Vloksb. Shr.&Pac.
BeUefonte Central..
Buff Kooh. & PlttBb..
Californla North w...
larger traffic in live-stock, or at least in live hogs, the
receipts of which in March 1905 were 1,391,707 head, as
St. Joseph.
of Rood,
Ann Arbor
...
mUage.
aro$$ Sarninga.
Same
Alabama Ot.Sonth'n
.......
5 wkt. Mar., 1905
6 wkt. Mar., 1904
Btnoe Jan.l, 1905
Since Jan.l, 1904
Total of alJ6 wkt. Mar.. 1906
5 wkt. Mar., 1904
Since Jan.l, 1906
Since Jan.l, 1904
GROSS EARNINGS AND MILjEAGE IN MABCH.
88,200
47.800
71.1U0
90,80(
CJanadlan Paolflo.....
Gentral of Geor^a.
Ohattan. Soathem...
owe, Great Western.
Ohio. Ind. A LonlBV.
Ohio. Term. Tr. RR..
Cm.N.O. ATei.Pao..
Oolorado & Soothem.
Denv.A Rio Grande
Rio Grande Weet.
Detroit Southern
OnL
So.
Shore
3a. South.
....
A Atl.
& Florida
Trunk of Can. . )
Gr. Trunk West.. >
Det.Gr.Hav.&M.)
Gt. No.-S.P.M.&M.
Eastern of Minn. 5
Montana Central..
(Jr.
Gulf
-10,826
-Hi
,647
-f-23,197
4,984
+ 248
642.919
84.588
3,682.187
852,35S
10,202
688,180
410,34e
115,889
572,401
398,903
-H0,07£
-f- 10,925
-f560,8lS
-h84,047
14£
189
29^
27
ses
87
205
60d
20S
8,568
1,878
8,183
1,871
-1-65,244
105
81S
591
lOS
83e
4-77,880
1,12C
-1-108,100
2,398
—16,047
H-81,793
43S
676
189316
1,175,200
125,749
205,043
144,187
-4,372
89f
481
67|
898
2,911,287
2,649,779
-1-261.488
4,08."
4.081
3,205,003
2,811,426
-t-
398,677
5,701
5.70^
214,702
169,880
382.114
230,208
150,560
483.459
4,2fl4.167
21,17;^
1,283,800
109,702
286.836
-1-1,381
-1-1,244
-1-66,704
-h
5,693
104
92{i
591
S3f
1.121
8,898
.
A
Ship Island..
Hooking Valley
Illinois Central
Bonthem
IntemaflA Qt. No..
lUlnols
f
487,3
5*
-16.50C
S5(
85<l
19,320
280
—81,345
84';
26
84
4,030.6e(
-h 203,507
afl,02'
—7,853
+114.061
4,374
131,1 6i
373,28
-f-
4,35'
IS
l.I5t
..(
8
.)...
.
THE CHBONinLE.
UO-2
0/ Boad.
Inereaie o*
Deereaie.
1904.
1905.
MiUagt.
JSaminoi.
(trail
M»mt
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
—The
1904.
1905.
& Naahvllle..
Loulsv.
Maoon
236,409
134.326
3.477,766
12,412
3.920
66,072
2U6,369
705,064
1.690,308
BlrmlnK'm.
ManlBtlqae
iSc
Mo. Kan. & Tex
Mo. Fao.&Iron Mt...
Central Branch
Mobile Jack. <JkK.O..
MobUe&Ohlo
BTaeh. Chat. & 8t.
.
Tol. St. L.
&
Wesr...
6,794
388
196
912
388
196
912
1.236
144
3,616
6.617
1,201
647,399
886,68^
10.903
6.460,268
4,161,42:^
3,493,8t>(>
+ 667,556
39,110
797,529
107,464
4,418,817
63,590
1,049,323
252.017
98.134
279,785
+3,664
+204,830
—2,736
+383.8d7
16ti
166
7,200
+ 15.028
+ 100,a«»
7,187
227
227
1,827
1,767
440
24&
440
343,126
36,44b
593.29r
110,20r
4,054,980
48,567
948,93«
278,346
113,2»^
290,605
72,410
44.676
1,760.61b
»36,088
798,91c'
67 2,08 S
e0,20.
68,611
l,872,45i-
& Lake
Erie..
7azoo<Sc Mies. Val...
+ 1U1.416
+ 14.489
+3.955
+S 43,038
—26,329
—15,158
—10.820
-13,201
+23,838
18^^
1,308
26
127
642
Bharu.
Bakkb— ifeto YorH.
*60 01ty Bank. National
Commerce, Nat. Bank of
227-229
13 Importers' Si Traders' Nat B'k 590\
•50 Meobanlos' National Bank
304
15 Oriental Bank
251
5 Plaza Bank
580
Trdbt VotcPAmsB—Keto Fork.
70 Equitable Trust Co
645
10 Title Guarantee & Trust Co..
670
11 Trust Co. of America
536
+ 131.e43
+7,087
+126,860
469
24t
451
88
134
3,486
469
1.211
1,176
*8old at the '^tock Exchange,
sold at the 8tock Exchange.
Mexican Roads— Not Inolud ed
564,893
*498,20l
Mexican Railway
Mexican Southern...
Sat'lRR. of Mexico..
V7:^,0->.'
I,u20,91t
m totalt
Hoad,
1905
Alabama Gt. Southern.
Ala. N. O. & Tex. Pac».0. (feNortheast'n...
Alabama & Vloksb'g.
Vloksburs: 8hr. & Pac.
+18.288
-32,50(
736
— 1,71,
736
321
263
-22,875
1.683
1,677
Ann Arbor
Bellefonte Central
Bnfl. Rooh, & PlttBDurg
California Northwest.. .
Canadian PaclUo
Central of Georgia
Chattanooga Houthern.
Ohlc. Great Western...
Chlo. Ind.<fe Loulsv
Ohio, rerm'l Transfer.
CMn. New Orl.&Tex.Pawi.
Colorado & Southern...
Denv. & Rio Grande..
Rio Grande Western s
Detroit bouthern
Oul. 8o. Snore & Atl....
Oa. Southern <Si Klorlda
Qrand Trunk...
6r. Trunk Western
Det. Gr. H. Jb
MUw•I
GreatNo.8t.r.M.A M.
£ast'n of Minnesota
J
Montana Central ......
Oolf & Ship Island
Hoflklng Valley
Illinois Central..
Illinois Southern
Int. & Great ^ ortb em
Iowa Central
ManlBQuue
Mineral Range
Minneapolis <b 8t. LoulrMlnn. St. P.<fe 8. 8te. M.
Mo. Kan. & Texas ....
Mo.Paoltlc <fe Iron Mt...
Branch
Mobile Jaok.A K. Cliy..
Mobile* Ohio
(Jentrai
Naehv. Chat.
&
8t. L...
Nev.-Cal.-OreKou
N. Y. Cent. A- H ud. Riv...
Northern Paoihc
,...
Rio Grande .Souther . .
St. Lonls Southwestern.
Bouthern Indiana
Kouihern Kitjlway
Texas Central
-j
Texas (fePaciDc
Toledo Ohio Ueiitral.
iSe
lolorto Peoria A v\or,i,'n.
Tol. Bt. L. <fe WtisterTi...
Toronto Haiu. <v KuB...
Virginia & Houthwtst..
W»iiw«h
Wlie»tllng
Yazoo
I
A
(ivai
* Lab"
Krle..
MlBs. Valley..
.62 roads)
Net injrease(4 88
620,892
36d,87f
398.095
396,614
846.70?
459.03<
15,381
1.790.204
274,135
10,40i,59b
2,38^, -4('
15,00.
l,620,4l>2t)4.
09
8,970,642,494,024
1,763.053
1,411.151
1,214,475
85.335
7,836
162.718
196.676
3,722,93(
3,482,20:
240,726
343,363
625.189
417,244
353,879
66 r-, 157
439,840
'70,002
7,631.290
6,562,682
1,078,608
8.830,86b
589,67b
444.611
7.278.314
1.052,554
4,4»-6,22b
9.302,724
345.440
11122.715
1,931,235
3.411,726
36,642
18.443,0''8
10,«66,H93
116,747
2.003.883
327,095
ll,5til,7Hl
180,832
3,044.945
756,457
295,258
774,7e8
157.198
175.275
6,300,277
962,022
2,172.903
74.862
1,271,505
613.085
352,541
9,428,820
33,970
16.U32
143,096
620,858
1,348,154
4,275.568
10,260,838
438,469
11109,318
1,969,824
....
notuded In
1.636,880
4'i4,07».
94.665
4,944
68,097
32.194
60.613
543.601
310,658
13.402
—The Qovernor
Nebraska has signed the Negotiable
Instruments' Act, passed by the Legislature of that State,
thus bringing the latter into uniformity with the other States
already having the Act in their statutes.
958.114
—The price of Philadelphia Stock Exchange seats continues
93.029
to advacce in value, a transfer having been made this week
38,589
228,226
1,948,8:^4
307,63:-.
19,4tl2
11,556,918
182,00]
8,095,894
759.750
346,703
767,511
161.750
4.863
126,C«}'
929.<'8ii
49,206
255,308
32,93»
2.143,03;.
29,871
6.014,969
each company's sto3k has baen deposited
with Messrs. George R. Sheldon and H. B. Parsons, representing the City Trust; William H. Leupp and Emerthe
Txust Company of
representing
son McMillin,
Oikleigh
Thome, repAmerica, and Charles T. Barney and
resenting the North American Trust, who were appointed a
10.516 committee to pass upon all the assets and conclude the final
22,696 details. la passing upon the assets, five affirmative votes on
this committee are necessary; the representative of either
concern can object to any assets owned by the other two and
require them to be replaced by cash. It is believed such an
22.265 arrangement will )neure the new institution starting only
68,971 with the very best of assets. Th*) action oC the committee
will be submitted for approval to the various boards of
14,633
directors at meetings next Tuesday, and later ttie proposition
will be placed before the stockholders of each company.
Direr two- thirds of
16,320
4,471
2.383
3.218
1,211,635
1,111.287
11,640
55,0*8
149.372,126 142.415,46;
Mexican Roads- Not
"2,439
2,639,9.V2
28,421
17.231.4^3
9,544,406
105,107
By this plan the Trust Company of America
stockholders and those of the North American Trust Compony will get (of the reduced stock) 1% shares ot new
stock for each 10 shares of their old holdings and the City
Trust stockho'ders 5 shares of the new for 10 of the old.
111,600,000.
105,184
3,462
106,071
3c(9,744
p. o.)
Inturoceanlc (Mex.)
1,430,948
1,125,.'>«2
611.911
442.171
1,263.500
11,449,587
will furnish |4,350,000>ud the City Trast $3,93'),000, a total of
379
169,786
9,826
3't7,580
l,tiOo,33'
Deereaie,
63,422
i,2io,!'9:
:
A
this being
II
*
previous sale.
—The Coal & Iron National Bank of New York, which
opened for business April 11 1904, has become a "non- member" bank, and its checks will in future pass through the
Clearing House, the Mechanics' National Bmk acting as its
The Coal <St Iron National Bank durClearing House agent.
ing the year of its existence has boilt up a deposit line of
It
$1,176,168 and passed $83,627 to profit and loss account,
has in addition wrltteo off the premium on its Government
bonds and cost of farniture and fixtures. The Bank's of-
4,551
8,850,924 1,894.268
6,966,671
86,421
ficers
.
FlKuree are for period to April 1.
Figures are for four weeks ending Mareh 35.
last
have become identified with the institution.
totals.
1,573,251
an advance ot |5,000 from the
—Since Mr. Alfred H. Curtis's accession to the presidency,
the National Bank of North America of this city has gained
Lately some strong financial inteiests
$4,000,000 deposits.
1.169
60.949
3.298
51,605
7,267
of
seat
at 112,000 while bids are reported as high as $18,760.
recently
for
sold
$28,500,
on the Montreal Stock Exchange
Mexican Railway
•1.473,200 •1,621,400
48,200
Mexican Southern
y259,31(i
V270,5i.'^
11,199
National RB. of Mei
2.961.422
2.947.496
3,926
V These tlgntes are down to the end of the third week of Maroh omy.
.
amoont, 10 shares were
Broadway, and have $2,000,000 capital and $9,600,000 surplus.
Together their present deposits exceed $50,000,000. After
reducing its capital from 12,000,000 to |l,000,00t), the North
American Trust will contribute |1, 350,000 to the new institution's surplus and capital fund, while the Trust Co. of America
2,717
34.847
51.387
1,778.9.''
618,029
405,638
9,412,500
9,499
13.649
175,289
681,471
1.891.756
1905— 649
1905- 661
1905— 519
dated concern, of which Mr. Oakleigh Thorne is to be President, will be known as the Trust Company of America, with
offices in the North American Trust Company building at 135
321
268
25.692
2«,002
l,884,02h
•24,540
Apr.
Mar.
Apr.
which recently arranged a merger of that institution with
the Trust Company of America, now propose uniting these
corporations with the City Trust Company, Toe consoli-
TO MARCH 31.
Inereaie.
ei8,17f
11.I593.B57
b< .2 .4
1,3'-6.170
<fe Mlohlgsin.
LonlBVlUe & Nashville..
Macon ik Blruiinghara.
1904.
771.670
l,^9^.f^^.^'
Kanawha
1
797,362
33^,02!-
this
Sept 19U4- 226
Fel). 1905— 570
)
546,60
*5S0,70C
^73.767
l.U43,79
GR088 EARNINGS FROM JANUARY
of
Of
of
—The details connected with another large trast company
consolidation in this city were announced this week. The
controlling interests in the North American Trust Company,
Fljrures are ror Ave weeks endmt; April i.
Figures are for four weeks ending iiiarch 25.
Name
§
Ck>.
Latt vrevUnu taU.
Mar. 1905— 290
Apr. 1905— 225
Apr. 190.5— 588 1«
Feb. 1»05- 801
Priee.
89Hifl
}6.<
144
3.490
8.610
18C
1,308
461
88
184
2,516
company stocks, all aaotion sales, reach a total of 91
The price of Oriental Bink stock has advanc°d
points, to 251, since the last previoas sale was made in
September 1904. Eleven shares of stock of the Trnst
America were sold at 586 as against 519 last week,
56,099,46:^ 50,899.52i f5,199,940 80,134 78,881
roiids)....
Interooeanlo (Mex.)..
*
+96,650
+8.971
+10.673
1.469
2,933
6,722
Stock Ex-
transactions in
shares.
64
748,816
901,0 -8
14,858
7,003.296
Wabash
II
3.04'
97
1142.331
&
Total (62
+29j(.882
The
sct^^-egate 193
th-
trust
3,621
1153,004
Toron. Ham. A Baft..
Virginia
Sonthw...
Wheel.
558
177
3.973
97
64
187
642
1.639
<
change and the remainder at aaotion.
558
177
+30.822
+6.609
+231,148
+1,914
+ 436
+17.271
+30,906
+380.94
3.597,9^1
152,410
L..
Nevada-Cal-Oregon.
N.Y.Cen.&Hud.Rlv..
Northern Paolflo..
Rio Grande South'n.
8t. Louis Sonthwes'n
Soathem Indiana
Bouthern Railway....
Texas Central
Texas A; Paolflo
Tol. & Ohio Central.
lol. Peoria .Si W«j8t'n.
216,087
12«,817
8,246,607
10,498
3,484
48,801
23S,46S
474,113
l,397,42t
3,501,281
143,469
Mineral Range
Minn. <h8t. LonlB
Ulnn.St.P.& 8.8te.M.
bank stocks this week
which 150 shares were sold at
pnblio sales of
shares, of
9
Iowa Central
Kanawlia & AUoh
[Vol. lxxx.
Anthony
i
'
President, J. T. Sproull; First Vice-Preflident,
A, Llsman; Second Vice-President, David Taylor;
are:
Cashier, Addison H. Day.
Ape.
15, 1905.
THE CHRONICLE.
|
—The New York
Stock Exchange Governing Gcmmittee
the Exchange on Friday next— Good
Friday. According to present indications the Exchange will
remain open the next day, Saturday. The New York Coffee
Exchange and the New York Cotton Exchange will, however, remain closed on both days.
has voted to close
1403
The new building the American Trust is to erect at the northeast corner of Monroe and
Clark streets and upon which work is soon to begin, will be
the heme of the consolidated bank when oompleted a year
of the Federal will be retired
hence.
—The Fort Dearborn National Bank of Chicago announces
was elected a director of the that the entire amount of its authorized capital of $1,000,000
Twenty-third Ward Bank of Bronx Borough, at a meeting has been paid in. The stockholders voted in February to
—Jordan
L.
Mott
Jr.
increase the capital from $500,000.
on Tuesday.
— Mescrfl,
Edward Sweet
&
Co.
announce
to
day the
removal of their cfl&ces to 17 Nassau Street, Equitable BuildThe new banking rooms are spacions, well appointed,
attractively finished, acd easily reached from Nassau Street
ing.
by a private entrance. Thifl is the fourth home this old
established house ha'j had since it was founded in 1854 by
Edward Sweet. The firm commenced baeiness on the corner
B
of Wall and Broad f^treets, wbere the present cfficf s c f
H
&
Co. stand, moving next to 18 Wall Street, and
later (in 1879) to its familiar quarters at 88 Broad Street'
The concern has participated, with other Wcli-kcown Wall
Street hons'^B, in mH.ny important financial transactions.
HoUins
senior member, Mr. William Lanman Bull, formerly
President of the New York Stock Exchange, commenced his
connection with the firm in 1867. The other members are
Messrs. Frederic Van L^nnep, Frederic Bull, Henry W. Bull,
R. M. Stuart Wortk-yand Frank L. SfhooDmiker. The firm
is actively represented on the New York Stock Exchange by
The
Messrs. Wortley and SchoonmakfT.
,
—Frank L. Laff, previously Aqsiatant Cashier of the
Merchants' National Bank of Newark, N. J, has become
Treasurer of ihe Federal Trust Company of that city. John
W. Crooks, heretofore Assistant Secretary and Treasurer of
the company, is now its Srcretary. The vacancies occurred
through the resignation of Charles H Ely, 'he former Secretary and Treasurer,
—Charles Torrey, President of the Boylston National Bank
of Boston, Mass., died on Sunday la»t. Mr. Torrey was also
a member of the firm of Bowker, Torrey & Co., marble (dealHe had been
ers, and of Torrey & Co., marble Importers.
identified with the Boylston National for the past twenty
years. He was seventy-nine years of age.
—A
St mi annual dividend of 2}4 P^t cent, payable April 25,
been declared by the Union Trust Company of Baltimore
Md,, on its capital of $1,000,000. This is the first return to
the stockholders, it is announced, since the company's resumption in December 1803, after the discharge of the
receiver, in whose hands it had been temporarily placed.
faBB
—Action regarding the proposed increase in the capital of
the Central National Bank of Cleveland will be taken by the
stockholders at a meeting on May 8. The queation of amending the articles of association to provide for an increise
in the number of directors will also be considtred at the
meetiDg. As noted previously in this column, new stock
to the amount of |200,OGO is to be issued by the bank, givlcg
it a capital of $1,000,000.
—
Tne consolidation of the American Trust & Savings Bank
and the Federal Trust & Savings Bank of Chicago, which has
been rumored for several weeks past, is, from present indications, to become a reality, the committees appointed by the
directors of the two inetitutions having agreed upon a baels
of consolidation. It is announced that the capital and surplus of the new bank will be about $5,000,000 and that its
official staff will comprise all the officers of the two present
institutions, with Edwin A. Potter as President and T. P.
Phillips as active Vice President. The two institutions rank
among the foremost in Chicago The American Trust &
Savings Bank has a capital of $2,000,000, surplus and profits
of $1,374,721, and deposits in the neigdborhood of $22,000,000.
& Savings Bank haa $2,OC0,000 capital,
surplus
and
$850,544
profits, and in less than three years (it
began in June 1902) has accumulated deposits of over $10,000,000.
It is understood that it was owing to the ill health
of its President, T. P. Phillips, that negotiations for the conThe Federal Trust
were entertained.
$1 ,000,000 of
new
The American Trust
the most
prominent
St. Louis banks, the
American Exchange National and the Mechanics' National,
are to be consolidated. The Mechanics'- American Exchange
of
evolve from the combination, the new
having a capital of $2,000,000 and a surplus of $3,Both banks, it is stated will close their separate
500,000.
affairs before the consolidation takes place and the consolidated institution will etart with all the advantages of a new
bank, in addition to having an established business. The
basis of consolidation, it is aonouoced, will be a 25-per cent
Interest in the new concern by the American Exchange
Nai local (capital $500,000) and a75-per-cent by the Mechanics'
National (capital $3,003,fOi)). R. R. Hutchinson, President of
the Mechanics' National, will retire from active business, and
Walker Hill, President o*" the American Exchange, will be
the chief executive of the consolidated bank, the Vice Presidents of which will be H, P. Hiillard, Ephron Catlln and W.
National
B-Jink will
Institution
J. Kinsella.
—Frank Jay Gou'd and William H
has tendered his resignation as
—Ferdinand R,
Secretary and Trpaeurer of the West Side Trust Company of
Newark, N. J to become tffective May 1. Mr. Moeller will
enter the brokerage business.
Mo<--lIer
solidation
—Two
Is
to issue
stock as part of the plan, while the stock
President of the Mercantile National
Taylor, the Utter Vice-
Bank aod the Bowling
Naw Y )rk, have been elected to the
board of directors of the B^nk of Richmond, at Richmond,
Va.
Green Trust Cj. of
—The
Direction Dar Discontc-Gesellschaft of Berlin, in its
pjofi's for the year of £854,573,
annual statement, shows net
out of which a dividend of 8}4 per cant was declared. The
total turnover, inclndlDg that of the Norddeutsche Bank In
Hamburg, amounted, roughly, to £3,011,600,000, against
£1,570,800,000 in 1903. The balancew on('ej08it and currtnt
accounts are £14,193,075, against £12,436,160 in 1903.
—The
annual meeting of the DdUteche Bank
was
March 29th. The net profits tor tr.e ye«r
1904 were £1,216,198, from which a dividend of 12 wr cent
was dfolared on £8,00 000 of cipit-il s'oot?, Th-r« was
added £81,620 ti the reserve, briogiug ttint fand to * t.) al of
thirty-fifth
held at B-!rlio
£8,883,142, equal to 42 59 p^r c-nt of ibe
btoh'd fully paid
capital of £9,000,000. The turnover of th^ bank in 1904
Hmounted to £3,844,000,000 against £2,982,000,000 in 1903.
Tee report has the following:
The growtb of oor baslnees has again compelled as to enlarge tbe
Bank's premliee In Berlin by parotaaflu;;. at a cost of £226.500, the
freehold of a fresh block of property separa ed from our main ofSoes
by the Franzoe^lsohe Strasse and oomprisinK an area of about 4t,445
pqaare fret. The bnlldlogs at present on the flte not being enltabla
for banking offices will In doe conree he r«plao«d by new ^traotares
especially designed to meet oar reqatrt-ments, and which. It Is h<)ped,
win In part be ready for oooapatlon In about two years' tlmp.
[From oor own eorresyuodent.]
London, aaturday, April 1, 1905,
As the week draws to a close, the peace rumors have given
a fillip to business on the S ock Exchange, Th^ French
banks are UQwiiling to l^nd while the war goes on. But
they offer any auiount of money if peace is made. And
some of the great German banks lave a'so iLtimatcd to the
Russian Government that they will be willing to biing out a
loan ia Germany as soon as peace Is made. Probably the
attitude assumed by Germany in regai d to the Moroccan
question, and the nervousness It has caused in France, has
likewise strengtbeted the hands of the French Government
in urging advice upon the Rneslan G.ivernmt^nt
CJp to Friday, business was very quiet in the Stock Exchange, althongh even thee the tone was good and the hope
But money was scarce and dear. It
of peace was general.
was found, for example, that the speculation here In American railroad securities was larger and weaker than had been
expected. It was well known, of course, that there was a
good deal of speculation. But apparently many very weak
operators had bought far beyond what they were entitled to
do. Moreover, just at the end of the quarter the financial
1404
THE CHRONICLE
requirements are large, and tte result was thac moiifcy was
both scarce and dear for the Stock Exchange settlement
which ended on Thursday evening. Especially the charges
were heavy in the American department.
In addition to this, the attention of the city was largely
The applications apoccupied with the Japanese loaa.
proached twelve times the amount offered for eubscription,
and the subscriptions, not only from the Uaited Kingdom
but from the Continent, were very large. Applications were
sent in from almost every part of the Continent— France,
Germany, Holland, Belgium, Switzerland, Denmark and
Norway and Sweden. The subscription list was opened on
Wednesday morning, and it was closed in London at about
half-past two the same afternoon. Daring the time it was
open the rush to get applications was almost indesoiibabie.
total applications, as already said, amounted to between
170 and 180 millions sterling. Five per cent had to be deposited on that total, which would make an aggregate deposit
of from 8J^ to 9 millions sterling. Naturally the payment of
80 large a sum increased the tension in the market. But the
three backs which brought out the loan acted with great
judgment, for almost as soon as the deposits were paid in
The
\
OL LXXX.
Gjveruuieu: laaud. Tiitrciforo, Lii^y ara noi trassce stocks,
which undoubtedly diminishes thdir value. la the last place,
the Japanese loan was out at the same time, and the interest
on that was really somewhat over 5 per cent, while the interest
on the Canadian loans was only a little over 3%. The public
just now pays a great deal of attention to the rate of interest.
For many years the interest rate had been dropping
until little more than 3J^ per cent could be chained on the
money invested. Since the South African war all this haa
changed and people are very anxious to secure a good rate
of return during the short time that it is likely to be possible.
The India Council continues to sell its drafts well, It
offered for tender on Wednesday 70 lacs and the applications
amounted to 493 lacs at prices ranging from Is. 4d. to Is.
4 116d. per rupee. Applicants for bills at Is. 4d. and for
telegraphic transfers at Is. 4 l-32d. per rupee were allotted
about 13 per cent of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &o.,
compared with the last three years:
19C5
Mch. 29
Clrcu3atlon
Public deposit!
Other deposits
Government securities
Other Becnrtties
1904.
Mch.
27,980.460
18,a74.061
4a,66»,302
15,&89.186
S3,413.02
80,213,454
i
30.
28,675 045
16,400.546
40,509993
19,225,820
31,3»6 189
23,533,807
34,068,85 i
4avi
4
1908.
1903.
AyrU 1.
April Z.
>
3n 110,265
29 367,495
12 9tt9.933
44 OXCHHS
14,609,>-52
16.124,845
42,141,728
16,274,886
86(4«,467
86,^83,fl69
20,0i553l
23,915,253
they were lent out in the market again. The stringency, ReseiTe of notes and coin
Coin & bullion, both departm'ts 3l»,7B3,Ml4
8B,iyH,os!6
85,8^9,518
49 9-16
41 11-18
therefore, was nothing like so great as it undoubtedly would Prop, reserve to liabilities, p. c.
43M
2i^
Banls rate
3
4
percent.
911-16
807-18
have been if the affair had been managed with less skill.
Consols. 2H per cent
863-16
91M
Sliver
2213 184.
24 IS-ied.
261-16d.
ZtJ^a.
The Russian Clearing-House returns
la Pari3 business has been very quiet.
203,714,010 217,019,000 238,801,000 148,0b8,0U0
Tne rates for money have been as follows:
reverses and the internal condition of Russia were bad
question
by
enough. But the raising of the Moroccan
Int*r*itallo¥Hii
0»<n Market Bate*.
forA*90*itiili
Germany, the tone of the German press and the speech of
London
1 'ad* Sill*. Joins Oii'tB'*.
Bank SUl*.
Count Von Bnlow all tended to increase nervousness throughStocl At 7-14
out France. Quickly, however, calmness was restored when
6 Month*. a Mo*. iMo*. Banki Oall Day*
s Month*. 4 Month*
it was known that the British Government had given assur- Mar. 3 3
i~ 2H
2«@3 2h<a^3
2H®m
"
2 @2H
2«®aj<
2« 2H&2H 1
10
2}i92ii
ances that it would act up to the spirit of the Anglo- French
17
1>4
2 3-16
1
2 »-ie®iH
2^
2«
agreement. There is, hence, a much more hopeful feeling in
"
8 3-16
1
2«
24
France as the week draws to an end, since everybody hopes
"
2 8-16
aH®2H 1
834
1«
31 8Hi 2H&2 3-16
both
with
controversy
that Germany will not plunge into a
The Bank rate of discount and open market rates at the
France and England regarding a matter which has been shief Continental cities have been as follows:
known to Germany for over a year. In Germany, also,
Mar. 26.
March 18.
April 1.
March 11.
business has been quiet all through the week, mainly, of
Bat** of
mttrtit at
Bank Oi»tn Bank Oy<n Bank Oi»<n Bank 09tn
course, owing to the condition of Russia and the opening of
Bat*. Markt Bat*. Markt Bat*. Mark*J Bat*. Marktt
the Moroccan question, but partly, also, owing to the tight8
IH
IM
3
8
IH
~~zir
3
fHf (1
ness of money, which is always great at the end of March.
3
8
3
8
2
2M
2H
Sarlln
For the reasons already stated, the outside market has had
3
3
2
3
3
2J»
2H
2H
damburfi
to borrow a large amount from the Bank of England this rrankfort
3
3
3
2«
2
3
2M
2
2
8
8
2«
2X
2H
week. Consequently it is probable that money will continue imiterdam....
8
8
3
3
i%
iH
^rniielt
2H
2M
In good demand until Wednesday, when the interest on the
3
8
8
3
•Vienna
3«
3H
national debt will be paid out, After that the general expec- 41. PeteriburR.
noK
nom
nom,
c» nom,
BM
6J<
8
8
3
iH
iH
*H
tation is that money will become abundant. If the hope is Madrid
4
4
4
4
4
4
4
CODenhasen.
i
be
an
realized, and peace is quickly concluded, there will
Messrs. Pixley & Abell write as follows under date of
impetus given to business of every kind. Already trade in
March 30, 1905:
this country is distinctly improving. The cotton trade in
Gold—The demand for Paris has been Jaet snfflolent to absorb all this
particular is as prosperous as it ever has been, ani almost all week's arrivals, amountlnK to over *6u0.000, and the Bank has only
purchased A 178.000, the balance of lant week's imports. This dethe other great trades are decidedly better. There is a much mand, however, now seems to be satisfled, and the outlook Is for the
to receive all suppllep. £120,030 has been withdrawn for the
more confident feeling everywhere, and as the production of Bank
Bans, mostly for South America, Arrlvaic: Oape Town, £585,000;
gold is increasing on a great scale, the public at the moment Australia, £45.100; Vera Ornz, £22,000; West Africa, £5,000; total,
£H57,000. Shipments: Bombay, £70,500; Calcutta, £5,000; total,
Nobody £75.^00.
is looking forward to the future in high hopes.
Silver -The market has been persistently dull, and we have been
believes that the German Government will push matters to
as low as 26''igd, for cash, the fall being accentuated by tired holders
extremes in regard to Morocco. It can, of course, mike the trying to realize on a market devoid of buyers. At that level we found
a good demand both for India and the Par East, and we recovered to
task of France in that country much more difficult than it 28iie'i for cash and 25i5ifld. forward, at which rates we close with an
otherwise would be, but when France is willing to give all uncertain tendency. America has only been a moderate seller. Forward silver has shortened to ^ed. under cash and Is the better market
the assurances that Germany may require, and all German of the two. The Indian price to day is Rs. 6638 per 100 tolahs. Arrivals: New York, £207,000; Australia, £4,000; Ohlll, £3,000; total,
interests in Morocco will be respected, nobody can believe £214.000 SUlpmente: Bombay, £109,500.
Mexican Dollars— These coin are still nominal.
that Germany will pursue a course which must end either in
The quotations for bullion are reported as follows:
war or the humiliation of France. Little serious apprehension, therefore, is felt in this country respecting the German
SILVEB.
Gold.
Mch.
Mch.
Meh. Mch.
claims in regard to Morocco.
30.
23.
London Standard.
London Standard. SO
23.
The number of new issues brought out lately has been very
8.
t.
d.
d.
d.
d.
oz. 77
9
77 9
Bar silver, fine... OE '261 16 26»i6
large. And many of them, though excellent, have not been Bar gold, fine
76 4
Do 2 mo. delivery 2615i6
D. 8. gold coln...oz. 76 4
very successful. Two issues, amounting together to nearly Gerra'n gold coin. oz. •76 4 •76 4
Bar sil ver,oontain'g
6 grs. gold
ce. 269,0 26116
six millions sterling for railway construction in Canada, and French gold ooln.oz. *76 4 •76 4
•76 4
Japanese yen
oz. •76 4
4 gra gold
oz. 2638
guaranteed by the Canadian Government, have been fully
5 grs. gold
OE
261116
Cake stiver
oz 28^
28 Be
taken. Of course they were underwritten and the money is,
27
Mexican dollars.oz. •27
Nominal.
therefore, forthcoming. But the public subscriptions were
The following shows the Imports of cereal produce Into
not satisfactory. Partly this was due to the miitake made the United Kingdom during the thirty weeks of the season
by the Canadian Government when it negotiated with two compared with previous seasons:
IMPORTS.
different houses th^t it did not let either of the two houses
19045
1903-4
1901 S.
1902-S.
know what it was doing with the other, and therefore the Imp'tB of wheat, owt.fi9,067.600 51,130,461
47,184,416 35,665,100
1.5,189,200 22,269.068 18,7:7.211 16,318,900
public was rather confused and surprised to fi ad two issues Barley
7.817,500
9.645.798
Oats
8.739,843 10,868.000
guaranteed by the Canadian Government suddenly brought Peas
1.854,841
1.419,749
1.278,900
1.152.861
1.088.550
1,503,008
1,087.500
1.140.696
out almost together. Partly, also, the Canadian Govern- Beans
25,925,600 80.588.697 22,888.051 27,119.70»
Indian oom
ment brought the iesuea out as railway loans, not as Canadian Flour
6.921,320 13,678,624 11,168,176 12,320,900
e.
..
m
1
.
e
Ape.
Supplies available for consumption (ezolnsive of stoob
1):
1903-4.
1904-5.
1901-2.
1902-S.
Wh6atlmported,owt.59,067,600 61.130,461 47,184,416 35.665,100
6,921.320 13.678.524 11,163,176 12,320.900
Imrorte of flour
Sales of homegrown. 10,719,5 49 12.008,962 15,463,454 17,681,977
76,817,947
76,708,469
Total
Aver.prlce wheat, week. 30b.
Average price, seaBon.SOs.
4d.
Xhiixoeek. Lattweek.
4,120,000 4,175,000
are.
Flonr. eaual to qrs.
qrs.
MaiBe
145,000
325.000
73.811,046
2d.
2d.
28s.
278.
9d.
The following shows the quantities
maize afloat to the United Kingdom:
Wheat
166,000
380,000
258.
268.
65,567,977
2d.
6d.
278.
268.
2d.
9d.
of wheat, flour and
1903-4
3,485,000
285.000
1902-3
1,973.000
2H5,000
605.000
600.0OO
Financial markets— Per Cable.
ICasllcli
The dailv closiog quotations for securities, etc., at London
are reported by cable as follows for the week ending Apr. 14;
Tueg.
Wed. Thurs.
Mon.
Pri.
Sat.
London.
ounoe
Silver, per
Ooii80la.,new,
d.
2% p. ct8.
For acoonnt
......
25 5r
26''r
Vi6l4
9011,6
9013,8
9015,
91
911s
EVoh rentesdn Parl8)fr. 9947i« 9925
6I4
6I4
Anaconda Mining
Atch. Top. & Santa Fe. 92 !«
106
Preferred
.
II314
Baltimore & Ohio
.....
99
Preferred
—
Chlo.
Rock
I.
Preferred
Erie, common
l8t preferred
.
2d preferred...
Norfolk & Western
Preferred
l8t preferred*
2d preferred*..
Boathern Paoiflo
Bonthern Rallw., com..
Preferred
Union
......
Paolflc ..........
Wabash
Debenture
"B"
106
11238
11258
lOeifl
9U
159
U3is
99
99
I5SI4
158 '8
15878
59
59%
24
24 >s
59
24 14
eik
87%
96i«
961s
991s
135
102
38 H
105»8
231s
471s
.
Tot.wk. l«Of
of
Grand Baplds
&
I^treet
Railways.
ColnmbTis (O.) By.,pref. (quar.)
Grand Bapids
By., pref. (qnar.)
Mllw.Kleo. By.
t, pf. (qa ) (No. 22).
&
Mimole Hartford
&
Ft.
Wayne
Pacific Coast, all stocks (qnar.)
Pennsylvania Steel, prel
Bailway Equip Corp. (mthly) (No. 83)
Tenn. Coal, Iron & BB., pref. (quar.).
Worthington, Henry B., pret
&
6988
701s
401s
40 Si
1621a
88)4
40
63
63
89
96 14,
96I4
1741s
J
63%
6314
87%
96is
Beanmont.Tex
50 Nat. City Bank
Week
49%
50%
471s
461s
6914
Al^j
461s
691s
4713
35 14
99
86
135%
13678
102
88 14
104^8
104
37%
82%
.
13 Imp.
Co
(O.)
Telep.
920
lot
70 Equitable Tr. Co., N. Y..615
12,680
28,117
7,000
1
1994
2S
16
T, May
1^ May
IH Apr
1"%
II4
2H)
4
8
!•«
IH.
1»«
l"*
81a
May 6
May
May
Apr
May
May
May
Apr
May
May
3%
2314
48I3
811s
l\ Apr
2
May
3", May
May 16
15
18
16
20
2
1
246544
New
10,667
7«,78a
ll-,0i3
Orleans for
1 to
forei«r
April 8 compare as
1801.
5,68y,831
1903.
100?.
5,»8t»,>^74
5,';38,608
13,:nn,928
21,485,270
24.9c5,4:h4
ll,4rtl,6"0
41,6S'^,tt25
20.679,777
6,352,732
11,040,981
1,369,034
2,142,<!54
bush.
4,83«,.S24
busti. 44,298,082
1,402,«13
395,307
l,649,»tt9
14,873,579
842,461
477,l0tt
"40,219.57
82,387,794
51,485,762
^j
ttie
Flour,
Philadelphia..
Baliimnro
817,91*2
15,3i>8
40
NewOrleans..
721 83B
14.2*0
88,019
8.485
2.46J
18,597
1.500
226.663 8,728.348
150.542
24.797
Mobile.
St.
61,U3
...
Me
67,54t
....
.
John, N.B.
98,006
Oats,
bu^h.
bbls.
87,64(1
....
Rye,
bush.
ly,6(j0
..
325
Am,
N.
22,846
6,4'^i>
27
8,40i>
Week
3iii.ce July
1, 1H04.
Apr
8
bush.
bush.
16/, 748
6a.U15
9,488,58-?
l.,Mi6.i2^
3.3:>0
13^.159
17,440
281,198
13,847
19,249
week and since
-Corn.
.
Wee'i
Since July
Apr 8
I, 1904.
biMh.
bush.
1,081,934 S7,e0i,437
l,6Wl.ii41
4l,44ri
3).723
10.600
861,7'; O
53,414
Su8
957,968
148,9-6
77,684
10,518.585
8,728.346
l,16o 594
52,388,175
82,6'-4
Colo's
Other countries.
«r.
bush,
67
Wheat.-
,
Peas
Barley,
bush.
in.d 2
88,837
"8',flic6
37.857
Week Since July
Exports for
Apr 8, 1, 1904,
week ana since
ibis.
July 1 to—
bbls.
United Kingdom. 67,8cj9 a.i8tJ.i05
16,310
874,748
Continent
6481 04
20,440
8. & C. America..
81ti.8 5
28,003
West Indies
Total
Total lbOi-04.....
150,542 5 0^9.823
Ib7,758 18,694,016
I
Atlan. &Blrm.Ry.
Co. pref
J
670
lOTltle Guar. <fe Tr. Co
10 Nat. Bankof Commerce.229
100 Internat. BanklnK Corp.l56i€
I
100 Lawyers' Title
Ins. <k
Tr. Co. (Interim certB.).329>s
251
680
RR. Co.
.$10 per sh.
Com Exchange Batik...392«s
100 Hance Asbestos Mining
$77 50 lot
Co
Bonds
$4,000 Day. Leb. & ClD. RB.
iBt 5i, Mar., '05 oonp. on. il
238,618
8/1.935
54,9;il.l15
65,S81,841
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, April 8, 19C5, was as follows:
Wheit,
at—
New York
In
store
Do
afloat
Boston
Pfliladelphia
Baltimore.
bush.
615,000
BO.OOO
14,1)00
(3,000
437,000
NewOrleans
Galveston
Montreal
Toronto
Buffalo
Do
Do
afloat
Do
afloat
Do
afloat
Milwaukee
Do
afloat
ChicaKO
Fort William
Port Arthur
Duluth
Do
afloat
Minneapolis
Bt.Tx)ui8
Do
Corn,
bush.
12Si,000
865,000
S17,0C0
642,000
Oats,
bush.
359,000
v3,000
166,000
67,0' 10
ISi'.OOO
Barley,
bush.
108,000
10<!,000
00
895 000
•^»0,'
87,000
76,u00
18,000
1,811,000
a8,0i)0
82,000
liid.O
14,000
468,000
686,000
120,000
140,000
247,000
25V,00'i
8,000
1,008,000
aot),000
"siVooo
12066
6,000
4,000
1,571,000
8,'724',0od
8,4 V 5, 000
ibi.boo
"V,obo
667,000
828,000
371,000
135 00
866,000
""8,006
i48,6o6
75,000
6,1)57,000
178,000
391,000
HI ,000
3,662,000
898,000
66,666
8,000
1.608,060
18,000-
15,000
2,000
l,«»I',0i)ii
2,'' 56,000
2,863.000
»,018,000
1,668,000
1,178,000
4,«6S,00O
1,8H1<,000
4.814,000
40.000
10,78 ',000
2,175,000
15J,OC0
afloat
Kansas City
998,030
Peoria
IndUnapolis
2«8.006
100,000
177,000
9i!,000
169,000
1,357,000
73,000
8,880,000
8,812,000
9.699,000
V, 179,000
7,560.000
15,814.000
1«,818.000
lO.StH.OOO
8,679,000
8,008,000
On Mississippi Riv,
On Lakes
On canal and river
Total
Total
Total
Total
Total
Rys,
bush.
14S,000
afloat
Toledo
Detroit
$28,750 Atlan. & Blrm.
Ry. Co let M. 58, 1934
375 Atl& Blrm. com.
^f 48,375
tr. certs.).
1,089,849
1.159,465
30
May
May
A
2,791,849
977,764
from Jan,
Flour.
to
to
5P1SZ* Bank
40 Richmond Lt.
'"2,637
11.7758
Same time '04. 871.935 1.155,594
28,048
The destination of these exports for the
July 1, 1904, is as below:
Apr 30
Apr 25
15 Oriental Bank
8,867
'il.383
1,500
Corn,
bush.
91»,808
94,181
212,713
3H9,99J
Y. rk.
Portland,
Apr 11
Apr 21
167ifl
""800
95,091
37,910
70,600
bbl3.
Wheat,
Exports from— bush.
New
18
16
18
562,287
»0t,243
bush.
"iVooa
56,330
83.SM7
1,600
several seaboard ports for the week
ending April 8, 1905, are shown in the annexed statement:
May 16
May 1
May 1
Apr 26
May 1
Apr 19
15
265,962
888,641
bush. 61,812,373
Total grain
to
to
to
to
to
to
11
21
"ss.or'e
Tne exports from
Holders of rec Apr 27
Holders of rec Apr 16
Apr 20
Apr 13
to
Apr
Apr
Apr
Apr
Apr
Apr
'eV.eVfi
460 800
bush. 10,1S6,640
bnsh. 2,890,655
148,3»7
bush.
Rye
1061s
Holders of reo Apr
Holders of rec Apr
Apr
30 Apr ai
to
Apr 15 Apr 2
Apr
to
May 1 Holders of reo Apr
94,181
aHl,w87
Barley,
bush.
103. -too
160.600
4.715
14.250
83,019
21,871
1805.
Onts
Barley
351s
991s
13938
102
1
1
Oats,
48,052
W,2S8
B
week
Wheat
C rn
70
to
to
to
56.537 071 5,914,841
57 959,623 6,697,758
48,365.468 8,693,010
bush.
711,ouo
96.850
44V950
6,314
?,450
18,697
Receipts of-
Boolu Oloted,
(Days IncluHve.)
Apr 19
Apr 18
Corn,
bush.
"iVcdi
Total week..
(stock
& Trad. Nat. Bank.590%
199 Portsmomh
26ri,6l3
^
Flour
46%
3838
105'e
231s
4778
811s
231s
471s
821s
7.31s
471s
6
21,896
Total receipts at ports
follows for four years:
48 ''a
102
90,480
100.261
13e,30»
4-.O.8OO'
9i<).«2.i
i«62.2
Beeelpts do not Inolade crraln pa««lnK throvvh
*
178
73»8
99k
44,1C0'
oort* on throutch bill* of Isdingr.
73 14
102k
J
2»3is
bush.
133,000
bbis.
Orleans*........
Total
73i«
174
7338
4914
471*
461s
691s
3SJ4
991s
1351s
Wheat,
18^274
Me
Qalveston
Montreal
Mobile
St. John, Nf
'701s
I46I3
33
163%
New
8:i78
"1
I
2,041,537!
at—
Riohmond
47%
Slocks
412% to 416
„, ,
24 Lawyers' Title Ins. Co. .331
SO Continent. Fire Ins Co .935i«
1 Bridgeport Hydraa'cCo.201
11 Trust Co. of America. ...536
1,2C0 LaNatlvldad MId Co.flOlot
650 Nat. Oil & Pipe L Co.. $18 lot
2,000 Verde Apex Cop Mln. 1
Co
250 Voloan Oil Reflnlne Co.
380 The Orion Min.Oo.ofT<5x. ^''
50 The Manhattan OU Co. of
805,883
2,176.974'
2,418918
2807,108
71 1«
stocks.
Mort. Gnar. Co.
2,219,436
14.921.135 191.919,160126,800,7^6125 76S.986
14,877.771 213 343,661 113 598,885 144,453,281
i'ortland.
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:
19 Bond
994,484|
2,13^,8S8|
691s
'4
United Tra'tlon, Albany (qnar.)
MlacellBnooas.
Bntte Elec <ft Pow., pref. (qu.)(No.l6)
Edison Eiec 111 of Boston (qu.) (No.64)
Greene Congol. Copper (No. 11)
International Power, pref
Internal Steam Pnmp.pf (qu.)(No.24)
Mlohicran State Telephone, pf. (qa.)...
National F reproofing, pref. (quar.)...
241 C5t
320,620
417.860
2 90O
May
Ik Apr
1'* May
Northern Pacific (qnar.)
106.800
2,789.237
..,.„
2
Indiana
300 600
4,957 119
921s
Per
WTien
Cent Payable
N. J. (guar.)
281.700
2,861.254
9,0CO
12.800
81.360
298,350
137,2 )(
1?,3''8.625 176,706,090 143,238.336135,015,80?
Mew York
Boston
0ITIBBNS8.
Railroads (Steam).
186,000
Flour,
C!P0mmtrclaI mid W^isctllmitans^txoB
BB
15,200
1903.4
1902-3
Receipts
Price per share.
Central
23'5.406
47,450
82
Ifame of Company.
44 430
17,600
9ine» A.UO, 1
1901-5
Boston
*
43,839
J!8,7fi6
25
33 14
21,680
ISS.WOP
,..,..
1461s
2514
82,750
81600
Baltimore
25
32
68
pe.ooo
18,310
177,200
Total receipts of flour and grain at the seaboard ports for
the week ended April 8, 1905, follow:
I84I2
172
149 030
96.014
374.675
Philadelphia. ....*^
I7214
14614
221,952
64.730
6,799j
Sansaa CttT
jame wk. '04
Same wk. 'OS
Bush.*8lbs Bu.69 Iba.
401,8241
1,458,400
27,0CO
117, OX!
182 400
20,000
lbs
10 014
..
.
8,716.100|
102,600'
Rye.
Barley.
Oats.
5,800
1,075
iietrolt
cneyeland
St. Louis
Peoria
35%
174
35ifl
Toledo
35 13
401s
1651s
6188
88
961s
48^8
471s
461s
69 Sg
MinneapoUi
35
92 Is
47 18
83
32
69
73H
29.700
35%
83
70
Corn.
809,800
110,680
80.745
1,804,010
8.000
143.449
Calcago
M ilwankee
DalQth
35%
7OI4
166»»
1461s
251s
169
Wheat.
Flour.
BbU. I96lbs' BushSO I !>s Bush.fOlbs Bush.32
351s
911s
4608
83
88ifl
at—
36I4
4S'^8
41
166
Seeeipti
36
92
36
36
91
68I9
48I4
831a
112%
Breadgtaffs Flgnres Brought from Page 1433.— The
statements below are prepared by us from figures collected
The receipts at
by the New York Produce Exchange.
Western lake and river ports for the week ending April 8
and since Aug. 1, for each of the last three years have been:
I84l«
184%
32
104%
106 14
1405
I84I4
1831s
36
99 1«
106
112
99
9338
106
591s
24ia
25ifl
34
Preferred.............
658
146
13538
102ifi
Preferred....
U. S. Steel Corp., com.. 38i«
Preferred.............
658
92 18
165%
7378
4914
47 1«
46i«
7038
91
99 40
6>«
7OI9
167%
Northern Seonrities
Pennsylvania
Phila. & Reading *
9118
9940
92J«
47
83
16714
Lonisville & Nashville. I4714
25i«
Mexican Centi al
Mo. Kan. & Tex., com.. S214
ebis
Preferred
Nat.RRof Mex.,l8tpf. 411s
ST. Y. Cent. A Hudson.. 167 %
N. Y. Ontario & West-. 6314
2638
SOlSj,
6ifl
24
Central
Illinois
2614
91
9214
68%
86
92
47 ?8
84
71
263,8
9015 6
9II1S
99-321S
91ifi
15808
& Paolflc. 86%
Or., com
9940
99
159
Canadian Paoiflo
59^
Chesapeake * Ohio
Ohio. Great Western... 241s
Chic. Mil. &»t. Paul... 184%
Den.& Rio
,
THE CHRONICLE.
15, 1905.]
on September
.
.
177,000
Apr. 8, 1906 81,898,000
Apr. 1. lv»n6.3',837,0(.0
Apr. 9, 1904.81,180,000
Apr. 11,1903.40,184,000
Apr. K.1902 48,014,000
1,8»>9.000
946,000
i,oa9,ooo
1.978,0)00
a
.
3
(
1
THE CHRONICLE.
1406
New York City Clearing Hoase Banks.—Statement of
oondition for the week ending April 8, 1905, based on average of daily results.
We omit two eipliers (00) in all eases.
BANKS.
Surplus.
Capital.
Loans.
Legals.
Specie.
\
Deposits Re.
Bk. of X. y.
Manliat. Co.
Mercliants'
Mechanics'.
...
City
Chemical ..
Merch. Ex .
Gallatin
But. & Drov
Mech.&Tra.
Greenwich.
Amer.Exch.
Commerce..
Mercantile
Pacific
People's
...
...
N. America
Hanover
...
Irving
Citizens'
..
Nassau
Mar.ife Fult.
Shoe&Lthr.
Com Exch
Oriental
.
...
Imp. <fe Trart
Park
East Biver
Fourth
Second
First
N.Y.Nt.Ei.
Bowery
...
N. Y. Co...
German Am
Chase
Fifth Ave..
German Ex.
Germauia
..
Lincoln
Garfield
Fifth
Bk. of Met..
West
Side..
Seaboard ..
IstN.Bklyn
Liberty
N. Y. Pr.
Kew
Ex
Amst.
Afltor
Total
...
2,000,0
2,050,0
2,000,0
3.000,0
1,600,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
6,000.0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
260,0
3,000.0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300.0
1,000,0
1,000,0
600,0
350.0
$
$
2.882,0
6.630.0
3.564,9
3,433,0
4,03C,6
2.580,8 18.499,0
2,491,7 29,575.0
1.404.9 13,249.8
3,329,6 21.177,0
3,563,0 23,283.4
3.334.0
265,8
18,013,1 182,26u.8
7,710.2 24.689,5
6,130,2
352,7
9,093.7
2,246.2
2,'i55,4
130,1
4,810,0
357,6
3.787,1
547,4
4.431,0 28.121,5
11,935,4 146,216,9
4,424,1 23,241,7
3,439,3
618,7
5,992,7
1,067,5
2,027,1
422,5
2,010,4 16,005,0
6.841.1 48,876,2
6.938.0
1,064,2
606,2 17.37'2.0
3,569.1
317,3
6.911.
1,338,7
7,923,0
400,9
3,276,0 29.269,0
8.341.3
1,077,3
6,619,2 23,411,0
70,071,0
7,230.1
1.207,5
108,7
2.957.0 19,622.1
9,736,0
1.502,4
14,992,'^ 104,911,1
8,430,2
886, K
3,207,0
768,3
715,6
4,750,3
4,135,1
532,2
4,224,7 45,215,3
1,784,7 10,239,6
2,746,3
705,6
2,572,7
873,0
1,391.3 12,623,7
8,075,3
1,270.4
2,689,5
408.2
9,613,9
1,485,6
3.957.0
646.4
1,446,8 15,772,0
4,370,0
624,6
2,003,6 11,431,7
5,452,9
497,6
6.439,4
574.6
4.691,0
682,6
477.0
41,922.5
4,93'.'.8
1,139,2
l,-254,3
593,2
680.0
505,7
3,801,0
18,308.1
3,335,4
338,1
P.O.
$
1,724,0 17.652,0
2.376,0 35.176.0
1,541,0 17.213.7
2,839,0 22.839.0
2,327.3 26,449.4
2.664.0
153.0
8,602.6 183.311,9
1.914.5 24,032.3
593.1
6.741,2
7,074,7
520.6
2,642,1
90.9
594.0
5,369,0
3.813.3
441.7
1.376,6 21,039,8
130,296,
14.292.9
1,387,3 19,587,4
408.6
3,907.8
5.989,8
932.1
2,587,3
326.6
2.071.0 14,133,0
4,512.0 59,810.9
6,607,0
469,2
1,285.4 21,593,6
410,1
4,169,2
58lt.4
6,867,3
440,7 10,709,1
i;
559,8
497,1
1,620,0
11,749,6
1,147,6
3,946,0
377.4
1.089,1
•2,376,8
3,60il,0
5,742,0
1,593,5
3,907,0
14,530.0
117,8
3,127,1
621,0
23,998,5
1,622,4
400.0
976,0
738,0
11,596,7
2,345,6
196,0
456,8
977,3
1,812,9
533,1
1,832,9
753.0
3,297,0
517,0
2,139,7
1,107.3
1,182,6
723,0
679,7
1,372,0
5,670,0
171.7
2,527,0
1,733,0
•2.179,6
443,7
346,0
488,0
206,6
1,706,6
486,0
626,0
786.4
2,215,7
312.8
136.9
79'2.9
332.0
1.535,0
711,0
250,0
375,0
418.5
429.0
26-0
io-'6
29-6
ciphers (00) in all these figures.
Legals.
Specie.
Loans.
De-
Circv^
posits.^
lation.
Clearings,
Apr 8
2V-i>
•^«-4
ilai-25;
-4
:;b-6
25-0
269
23-6
24-8
24-6
2a-0
'24-1
19-1
24-9
31-8
26-1
2'M
J 2 -3
23-
00s omitted.
CapitaU
Burplus.
8
Colonial
..
9
$
142,6
68.2
62,8
264.5
315,9
Consol. Nat. 1,000,0 1.048.8
FideUty .... 200,0 124,9
131,4
14th Street.
100,0
87,1
Gansevoort.
200,0
Hamilton .. 200.0 133,2
333,5
Jellerson ..
400.0
129,7
Mt. Morris
250.0
226,0
Mutual
200.0
19th Ward .
194,0
200.0
24'2,2
Plaza
100,0
103,2
Kiverside ..
100,0
767,3
State
100,0
117,5
12th Ward
200,0
109,5
23d Ward ..
100,0
Union Exch 750,0 536.4
United Nat. 1,000.0 152.5
Yorkville ..
293,7
100,0
.
122,460,6
116,480,4
139.306,0
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
April 6 and for the week ending for general merchandise
April 7 also totals since beginning first week January.
;
FOEEIGN IMPORTS.
For week.
Total.
Sirux Jan.
1903.
1904.
1905.
Dry Goods
General Merchandise
Invest,
Leg. T.
$2,354,164
8.758.215
$3,010,172
10,509,351
$2,336,184
8.502,784
$17,799,114
$11,112,379
$13,519,523
$10,838,918
$44,379,048
165.896,707
.$38,370,527
$44,573,828
$38,661,066
133,003.155
1'29,358.13'.'
117,24'2,136
1.
Dry Goods
General Merchandise
Total 14 weeks
$210,275,755 $171,373,682 $173,931,960 $155,893,202
of dry goods for one week later will be found
our report of the dry goods trade.
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 10, and from January 1 to date.
The imports
in
EXPORTS FROM
NEW YORK FOR THE WEEK.
1905.
1903.
1904.
26-6
24-4
24-2
20-9
For the week
$1-2,415,488
$9, '229,990
$9,88'2.118
Previously reported..
134,299,556
128,321,853
139.065,696
'22-b
Note.—As the flgures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting- from the amount "previously reported."
Total 14 weeks
*
727.2
645.6
54'2,2
3.241.3
5,897,0
3,862,4
923,0
2,759,1
1,971,7
4.136,7
2,ii48,0
2,887,1
3.365,6
'2. 11 '2,1
3,490,0
1,373,0
8.393,0
1,983,0
1,67^2.7
5,240,0
2,299,0
2,490,5
$
*
12,7
17,7
31,1
51.4
36.6
27.8
26,8
265,0
372,0
18,6
101,9
15,1
147,2
18,8
135,1
26,7
24,5
182,0
17,4
581,0
2y,o
40,9
119,0
245,7
33,0
205,2
204,0
42,9
64,8
114,4
144.6
142,4
135,9
128,1
265,6
'209,6
175,0
96,4
291.0
172,0
136,7
293,2
67,7
262,0
$12,663,812
122.619,101
$146,716,044 $137,551,843 $148.947.R14 $135,182,913
The following table shows the exports and imports of
specie at the port of New York for the week ending April 8
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
EXPORTS AND IMPORTS OF SPECIE AT
Gol<U
Deposit with
Week.
Set
Notes.
1902.
•2o-V
NEW YORK
cases.
Specie.
ments.
1902.
$3,054,000
14,745.114
Other
Agent. Bks.&c
Clear-g
Deposits
Imposts.
Since Jan.
Great Britain
France
$
54,8
61,0
50,8
463.0
449,0
264,4
90,7
239,6
160,0
147,3
311,8
218.2
?
%
12,2
96,4
266,4
3,81*2.2
3,6
6.048.0
125,0
'2.364.8
5,6
3,216,7
945,0
25i:,0
'2,380,9
310,0
83,6
56,0
4,590,7
2,6'28,7
'280,1
3,507,1
3,493,0
2,821.6
3,744,0
1,628,4
9.885.0
2.346.0
2,106,3
6,471,6
1,378,5
3,063,9
67,5
1,963,'8
19'2,b
56,-2
474,1
267,0
270,4
9'2,1
219,4
1,004,0
28,0
142,1
75,0
159.0
117,0
191,5
765,2
78,7
309,5
575,5
657.9
676.1
$330,922
3,010,406
$6ii3bo
4,384
$4,000 $31,690,'270
3,246.107
5,945,381
29,780
2,432,725
$71,715
23,219
7,193
All other countries
$359,626
France
Germany
West Indies
'"2'.6o6
942
$362,567
746.905
426,630
$4,030,214
4,371,252
2,381,174
$20
477
679.999
3.000
All other countries
246,212
49.191
380,140
14,343
16,031
$8,679,355
308,000
9,000
32,414
Mexico
South America
Total 1905
Total 1904
Total 1903
Sines Jan. 1.
3,509,917
28,300
7,250,000
1.000
South America
Total 1905
Total 1904
Total 1903
Silver.
Great Britain
Week.
1.
$1,500
20,899,553
................
$4",oo6
100,0
100,0
100,0
100,0
300,0
256,780,0 12,009,0
253,017,0 12,188,0
252.208.0 12.266,0
;
.'3-7
N. Y. CITT.
Boroughs of
MandBr'nx
145,554,1
140.794,9
167,893,8
7,78(»,0
t Includuifr tor Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amotinted on AprU 8 to $2,804,000 on April 1 to $2,808,000.
Germany ...............
West Indies
...
...
Wash. Hgts
Century ...
Chelsea Ex.
7,907,0
iJCI^JHTS.
Loans &
7.515,0
23-2
—
BANKS.
5.948,0 230,030,0
6,770,0 228,277.0
6,607,0 232,665,0
63,549,0
59,569,0
58,967,0
48,167,1 219.815,0
48.167.1 220,026,0
48.167.1 2-20,061.0
1
•24-9
Reports of Non-Member Banks. ^The following is the
statement of condition of the non-member banks for the
week ending April 8, 1905, based on average of daily resillts.
two ciphers COO) in all
Apr
Apr
•25-2
115,972,7 137,656,6 10907596 208,035,2 82.672,5 11281007 25-7
We omit
19.681.0
18.969.0
18,265.0
52,635,4 194.821.0
62,635,4 196,258,0
62,635,4 198,900,0
Fhila.
24-8
24-2
18-8
24-4
26-3
79,721,0 25-3
1,331,8 21-6
21,905,0 25 -V
10,276.0 22-9
100,658,0 26-0
8,024.3 25-7
3,613.0 •20-b
6.990.9 vi4-4
4,050.5 •J3-3
53.172,3 20-0
11,244,0 25-1
3,870,5 _'1-1
$
$
251,852,3 11276784 215,060,0 83,703,7 11744381 42,803..'i 2,062,637,9
210,350,2
11506619
253.629,2 11097017
83,794,6
43,069,8 1.814,982,0
253,629.2 10992897 209,481,1 83.848,8 11386613 43,718,7 1.914,562,3
•253,629,2 10907596 208,035,2 82,672,5 H'281O07 44,120,4 2,050,003,5
Horn.
'J<>'6
(
36,3-20,0 26 -V
8,7-23,7 24-8
20,695,0 >5-6
6,671.1
13,432.7
8,402,6
2,821,7
11,297.9
4,347,0
18,790,0
4,633,0
9,784,1
6,113,2
7,626,5
4,608,0
Maris
Mar25
Apr 1
Apr 8
Mar25
Apr 1
.'
Total United States deposits included, i}>16,967,300.
Columbia
We omit two
Capital A
BXSKS Surplus.
24-9
t
t
City, Boston and Philadelphia Banks. Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York fig^ures do not include resxdts for non-member banks.
N. Y.
$
$
$
Chatham
—
New York
is
s've.
008 omitted.
America
Phoenix
[YOL. LXXX.
$9,711,768
13,856,477
10,666,886
$20
24,511
190,545
24,911
206,073
637,993
869
*215,553
30,131
$869,856
254, 860
332.175
8,961
Of the above imports for the week in 1905, $51,300 were
American gold coin and §
American silver coin. Of the
exports during the same time, $4,000 were American
were American silver coin.
gold coin and $
Borough o)
Brooklyn.
Boron Kh
...
200.0
Broa<lway .
Brooklyn ..
Mfrs.'Nat..
Meclianlcs'
150,U
300,0
252,0
600,0
Merchants'.
100,11
Nassau Nat
300,0
300,0
100,0
100,0
100,0
200,0
100,0
Nat. City
..
159,1
1.832,8
2,471,6
1,878,0
593,3
3,57^2.8
97.3
348.4
601 1,3 10,173,8
64,3 1,500,1
790,1
582,2
170,0
191,6
92,7
6.050,0
3,2t<8,0
29 2
1'2,>>
102,1
367,4
228,6
21,7
210,0
149,0
19.0
50,4
106.9
196.3
137,7
247.2
57,
•207,4
73,3
91.3
572,3
88,3
670,9
1, 368,1
226,0
333,3
•/23,2
51,8
3ii3,0
879,0
580.0
281,0
86,5
155,6
112,-.'
1,572,9
1,884,0
685,2
1,153.8
95,8
838,4
400,0 1.072,1
4,574,5
176/2
250,0
250.0
200,0
656,2
120.9
296,6
2,191.0
853,5
67,7
l,r,66,2
84,2
57,0
32,9
Fir-itNat...
110,0
541,0
Second Nat.
126,(«
101,1
3,153.8
1,246,3
156,5
37,6
Nortli Side.
Peoples
17th Ward
.
Union
Wallabout
.
11,1
.')3.4
61,2
48,2
102,4
29,4
35,9
i,ci>,r,
107.6
237,2
33,2
i42,U
110,5
149,9
55,3
436,6
63,2
2,580,3
2,030,8
4,569.5
1^,394.0
1.786.9
6,350,0
3,869,0
Hud.son Co.
National
.
Seconil Xat.
Third Nat..
882,0
5,921,4
107,(i
1,952,1
IS..'-,
317,4
188.0
M:i
5-2,0
3i>6,6
4,9
855.2
1,772,1
63.5
37,1
182,2
42,8
375,1 1,609.6
HOBOKEN.
45t
5
73,8
—See page preceding.
gaiiliiurj ixntl IJiixauciaX.
Spencer Trask
1,69'2,6
2,150,4
746,3
1,661,3
835,0
JeoshyCity
Firwl Nat...
Auction Sales.
3,485,3
1,238,5
Tot. Apr 8 9,037,0 12-2307 1130541 4,319,!' i>,015,9 120709
512,2 1250»5i;7
Tot. Apr 1 101:i7() 124573 1117213 4.462,ii •.,953,7 121361 6,763,2 1 -.^3271
Tot. Mar25 10137(1 124577 1104708 4,504,0 .•),914,3 123409 7,0.:>3,.| r225'2»l
Monthly Descriptive
List
&
of
Co.
High-Crade
INVESTiVIENT BONDS.
Transact a s;eneral bankincr business and execute
stocl< and bond orders upon the
New Yorl( Stock Exchamre.
Branch Office, Albany, N.Y,
William and
Moffat
&
l*ine Sts.,
New York.
White,
members New Vork 8tock Exchange,
5 NASSAU STIIKKT. CURNKU WALi,.
IDoalcrs In Investment Securities.
Tel. 5820-6821 Cortlundi.
Te>«>pbone Stocks a Speelaltr.
41X
.
Ape. ;15,
THE CHRONICLE.
1905.]
reg., 1908-18, at 104?^'. The following are the daily
closing quotations; for yearly range tue third page foilou>ir>g.
3s,
®a^jettje.
attfejers^
1407
^^ For Dividends see page t^os.
Interest
WAXib STREET, FRIDAY, APRIL 14. 1905.-5 P. M.
The Money Market and Financial Sitaation. — Practically
ijio influences that are new have aflfected the security markets this week. Noteworthy changes have occurred in a
cases, of which mention is made in our review of the
etock market below, but these are the result of special
.causes which have not applied to the market as a whole.
ConspicuoiiS among the special causes referred to has been
the anticipated distribution of Northern Securities assets in
the liquidation of that company, soon to take place. Another was rumors of an increase in Reading's dividend rate
which accompainied an unusual advance in Reading shares
while other coai stocks were weak or barely steady.
A feature of the present market situation is the fact that
dealings in the bond department at the Exchange are relartively small when compared with the ratt:er unusual activity
in the shares department. This indicates a limited investment demand; but the open market miay not be an accurate
•criterion of such demand when the absorption of new issues
through other channels is as large as at present.
The foreign exchange market reflects easy money market
conditions abroad and a somewhat firmer local money market the rates for call loans being quoted at 4 per cent.
The open market rates for call loans on the block Exchange
during the week on stock and bond collaterals have ranged
from 2% to i p. c. To-day's rates on call were 2%(§3}{ p. c.
Prime commercial paper quoted at 4.@4}i p. c. for endorsements and 4@4J^ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1037,238 and the percentage of reserve to liabilities was 52'97, against 51 '95 last week,
the discount rate remaining unchanged at 2^ per cent. The
Bank of France shows an increase of 3,900,000 francs in
gold and a decrease of 3,300,000 francs in silver.
NEW torb: city clearing-house banks.
few
—
Dirferences
jrom,
lyoo
April 8
Capital
115,972,700'
137,(356,500
Surplus
lioans & discounts l,O9O,75!),00O
Dec 8,530,100
44,120,4011 Inc
401,700
'1,128.100,700 Dee 10,560,600
-Circulation
jSf et fleposits
Dec
Specie
Legal tenders
'^08,035,'JUO
8'2,t;72,5O0
Reserve held
290,707,700 Dec
282,025,175 Dec
'/5
p> c. ot deposits
1904
April 9
previous week
1,445,900
Deo 1,176,300
2,622,200
2,640,150
1903
April 11
115,572,700
134,279,000
1,038,533,000
35,622,800
1,085,612,800
223,101,400
71,193,200
108,822,700
124,591,900
902,779,500
43,126,400
8S4,830,800
158,954,700
65,994,300
294,294,600
271,378,200
224,949,000
221,207,700
8,682,525 Inc
17,950
22,916,400
3,741,300
Surplus reserve
* $16,967,300 United States deposits included, against $16,903,200 last
week and ,f!56,121,400 the corresponding week of 1904. With these United
states deposits eliminated, tlie surplus reserve would be $12,924,350 on
April 8 and $12,890,376 on AprU 1.
i^^oTE.— Bemrns ol separate banks appear on the preceding page.
—
Periods
registered
2s, 19.30
coupon
2s, 1930
28, 1930, small.registered
2s, 1930, small
coupon
38,
3s,
3s,
3s,
4s,
4s,
4s,
4s,
*
1918
1918
registered
coupon
1818, smaU.registered
coupon
1918, small
1907
registered
1907
1925
1925
This
coupon
registered
coupon
is
.
.
-Lcnij.-
Sterling Aetata
Hii;h....t 4 8455
liow
4 8430
)
©4 8465
|
4 8440
|
'a)
-Cables.-
-Short.-
4 8630
4 8610
®
4 8635
a>
4 8615
8655
4 8630
4
®
a)
4.
8665
4 8640
Taris Bankers' France—
)
5 1834*
5 I83,t
®
®
5 183i
5 1834t
Hi>jtt....|
941I18
Low
94»ifl
®
®
94>4
94=8
40iie
4OI18
®
@
4018
401x6**
Hivh....(
how
Germany Bankers' Marks—
I
I
I
I
Hii!h....|
I
Less: *li6 0ll%.
t
I32 of
I
I
5 le-^g
5 17 hit
96*
®
95
94i"iet
-a)
941ii9
iO^-^
4014**
®
®
40»j8
i0\^\
I
AiiMterdam Bankers' Ouilders—
Low
16V ®
@
5
5 1713
1%. t 832 of 1%.
I
I
Plus: llljeof 1%. **l32 0fl%.
for domestic exchange on
at the under-mentioned cities to-day Savannah,
buying 50c. per $l,Ono discount; selling 75c. per $1,000 premiuai; Charleston, 123^c. per $1,000 premium; New Orleans,
bank, 40c. per |l,00i) discount; commercial. 75c. per $1,000
discount; Chicago, 10c. per $1,000 premium; St Louis, 15c.
per JI.OOO discount; San Francisco, 75c. per $1,000 premium.
State and Kailroad Bonrts.— Sales of State bonds at the
Board include $2,000 Tennessee settlement 3^ at 96 and §20,OOi) Virginia 6s deferred trust receipts at lOJ^.
The uiarket for railway and industrial bonds has been
relatively dull and narrow.
The following were the rates
New York
:
United States Bondg.— Sales of Government Bonds at
the Board include |6,000 2s, coup., 1930, at 104;^, and $1,000
—Feb
—Feb
-Feb
— Feb
—Jan
—Jan
—Feb
—Feb
'
10434
'104 34
104'?f,
104'e
'•1043p
10434
10434
'1047p '1047t
'
'
ApHl
14
10434 'IO434
'10478 '104'e
'
*1043p "1043^ *104i8
10434 •10439
a05>4 •I05I4 IO5I4 •IO5I4 *105i4 *105i4
^'1031^ *i03''-^
*i03'i •i03J^ •i 031.2 *i03'i
* 10434 •10434 * 10434
10434 •10434 '10434 •10434 10434 10434
10434 "10434 '104 '4
»133
133
133
133
the price bid at the morning board
;
'133
1 33
•133
'133
*133
133
*132
'133
no sale was made
Railroad and .Wiscellaneons Stocks —There has been
almost no change in the general characteristics of the stock
market. It has continued active, the transactions on Thursday and to-day amountinjg to over 1,500,000 shares, and interest is about evenly divided between railway and industrial
stocks. There has been a good deal of irregularity in the
movement of prices on both lists, and notwithstanding a
strong market to-day not a large number of issues close
higher than last week.
The exceptional features of the railroad list are Great
Northern, Union Pacific, St. Paul and Rea'iing. The former
fldvanced I'i points on bids which brought out a limited number of shares. Union Pacific has been in constant demand,
sufSciently urgent to carry it uo 5J^ points, Reading was very
prominent in Thursday's market, when nearly 300.000 shares
were traded in, and on rumors of an increased dividend rate
it sold over 4 points
higher than on "Wednesday.
St.
Paul has advanced 5 points to-day. Illinois Central,
which was notably strong at the close last week, has
this week covered a range 8 of points, and closes with
a net gain of 6V^. On the other hand. New York Central declined nearly 6 points on an adverse judicial decision; NoHh
West, lost 4 points and "Nickel Plate" 2.
Anaconda Mining, Am. Locomocive, Smelting & Refining and Amalgamated Copper have been the strong features of the industrials, showing an advance of from 5 to S%
points. This is in part offset by a decline of 6 points ia
Westinghouse, nearly as much in General Electric, nearly 3
points in Colorado Fuel
Iron and about 2 in Consol. Gas.
For (imiy volume of busii'Bss see page 1415.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
&
Sales
8TOCK8
for
Week Ending April 14 Week
Range for
Bange
weele
A.mer Aktioui Chem..,
4,8«0 2438Aprl3 28>»Aprl3
160 90i8Apr'3 91 Apr 13
Preferred
Amer Beet Snirar
1,100 27»4Aprl3 30 4 Apr 11
pai«Aprl2
Assoc Merchants Istprt 220 98\ Apr
Canadian Pac sub 3d pd
300 l6438Apr- 8 154 3gApr H
61
123'aAprlii l26HiAprll
C«nt A So Amer Telee..
Cleveland & Pittsburgh
33 l834AprlO 183 -Apr 10
Col Fn«l & Iron rights.. 16,217
leApr
'^Apr 8
Eastman Kodak
150 H9»»Aprl3 i49»8Aprl3
liO 68 Apr 8 65 Apr 8
ire
<fe Denv C, stmpd..
100 59i<»Aprl3 69V,Aprl3
Qen«ral Chemical
600 101i«Aprl3 lOl'gApr II
Preferred
425 ]6»aAprl4 17 Aprl4
Havana Eleo Ey
Preferred
100 rt2'oAprl3 62'iiAprl3
10 U)5»4Aprl3 10634Aprl3
H. B. Claflln Co
20
1
sines Jan. 1.
Jan
89i8Fel>
,
28ieAp7
92 FeD
24 Jan
96 Jan »8i«Ap3r
129iiJan I64^Apr
118 Jar 126 ^Apr
L83>uApr 185 Jan
HApr
1
Foreign Exchange. The foreign exchange market was
W
lower this week, influenced by offerings of finance and
security bills and by a light demand lor remittance.
To-day's (Friday's) nominal rates for sterling exchange
Towere 4 85 for sixty day and 4 87 for sight.
Jst preferred
day's (Friday's) actual rates for sterling exchange were
3d preferred
4 8430^4 8440 for long, 4 8610@4 8615 for short and 4 8630® Homestake Mining
Commercial on banks, 4 8390@4 84, and Iron Silver Mining
4 8040 for cables.
Knick Ice (Chlcaico)
documents for payment, 4 8335 @4 8430. Cotton for payment, Nat Bnani <& tamping.
Preferred
4 8325@4 8330;
cotton for acceptance, 4 8390@4 84, and
N Y & N J Telephone ...
graki for payment, 4 8420@4 8430.
Pennsylvania rights
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 \%%*@h \6% for long and 5 n}4\@5 17^ for short.
Germany bankers' marks were 94 ll-16t@94 11-16 for long and
94 15-16t@94 15-16 for short. Amsterdam bankers' guilders
were 40 1-I6(g40 1-16** for long and 40i^1[@40 5-l6t for short.
Exchange at Paris on London to-day, 35 f. 15c.; week's
range, 25 f 16c. high and 25 f 143^c. low.
The week's ranare for exchanee rates follows:
— Jan
— Jan
April April April April April
8
10
11
13
1
2^Apr
49 7g Apr 14979 Apr
44 Jan 65 ^t Apr
66 Mar 60 Jan
lOHsApi 104 Feb
leSjApr
17
Apr
62>-iApr
fi2>aApr
!00»4J»ii
105»4Apr
10 94*4 Apr 13 94'4Aprl3
94'4Apr 94»4Apr'
10 10i)>4Aprl8 100»4Aprl3 100'4Apr 10o34Apr
79 Apr 10 79 Apr 10 71 Jan 79 Apr
600 3-60 April 3 50 Apr 10 3 50 Apr 3'»0 Apr
4,760 19 "2 Apr 10 2 1 >4 Apr 14
10 Jan 21 14 Apr
ISi^Jan 3
10,550 2«>4Aprli
30^4 Apr 14
!i
Apr
»2i'
89i2Feb 94 Apr
P2i3Aprll 94 April
fO 172 April 172 Aprl' 167 Jan 174 Mar
i«Aprl2
"«Apr
125150
^Apr 2
"sApr
2'«Mar
2*4 Apr 14
234Aprl4
4>4Mar
Uuioksilver Mining, prel
3U0
RB
Securities
111
-<
'
60C
98 >« Apr 11
96HiAprl3
92
Befln'g
Vandaha
Vulcan Detmnlng
Preferred
III »ij
Jan
96>4Mar
600 132 4Aprl2 134'5Aprl3 1321a Apr 134»aFeb
11 Apr 1 Og/M
12»4Apr
80u 11 Apr
200 lOBlaAprlO 109 "9 Apr 10 lOO'gJan 09 la Mar
18 FeD »•< Apr
9,000 34 April 3^ Aprl4
?,2.'0
fiS
Apr - H7TgAprl« 35 Jar 67^8 Apr
4*85 Apr lOi)>«Apr
85 Apr 12 85 Apr 12
8 Apr
1,3'>6
Aprl
12 Apr 14
12 Apr
11
49 Apr 50 Apr
300 4978Aprl4 60 AprU
1
Preferred
Ou'slde
m
Cent")
stock trust certlfloatee
St L & San F'ran stock ir
ctfaforCA Elllpref..
U 8 .ealher
Preferred
U Bedno &
2.'i0
ket.—Another striking advance
^
to the high'
Northern Securities stock, which was
attended by considerable animation, was by far the overshadowing feature of the trading in the market for unlisted
securities this week. From 1623^, the initial transaction last
Saturday, the price of these shares rose to 180, an advance of
151^ points over the high record made a m nth ago; the close
to-day was at 179^; total transactions for the week have
aggregated, it is estimated, about 220,000 shares. The
•'-tubs" advanced from 725 to 900 in the early pa t of the
week but later reacted to 775. Another prominent feature
was the sharp rise in United Copper common and preferred
stocks on persistent reports that the property is to be takea
over by the Amalgamated; the common ran up from 13i^ to
2'6}a and ends the week at 23^, while the preferred gained
10\4 points to 71 closing to-day at 70. After a decline from
2o994 to 2051^. Interborough Rapid Transit rose to 2121.^ and
then dropped back to 209i^; the final sale to-day was at 210.
Japanese new 4i^s (when issued) were weak, the price falling from 89 J 8 to 81%. International Mercantile Marine
issues were depressed: the common sank from 13).4 to 12%
while the preferred dropped 2 points to 33i^. International
Salt lost 4 points to 22 but subsequently it moved up to 29i^.
Colorado Fuel & lion new stock declined from 553^ to 51.
Outside quotations will be found on page 1415.
est price on record in
,
u
2-
..
New lork
Exchange— Stock
Stock
Weekly and Yearly
Record, Daily,
OCCUPYING TWO PAGES
STOCKS—UieUEST AND LOWKST SAL£ PRICES
Saturday
Mondav
Aprils
April 70
*36
«74i4
88
103
Sj
40
74^4
89 »«
IO314
*36
•74
40
4 7H
88^4 903.
102''8l03i.
Tuesday
April 11
Wednesda u
April 12
36
•85
40
1U234 103
103
147
14S4 149 k' 14818 14976 147 149
IO94IIOI4 109 14 110
1084 10H4
*'.)5
.{95 >u 95K
96 V
9534 9534
Thurxdav
April Id
tridau
April 14
40
80
894 90
10234 103 4
•35
40
•74
sgog
80
74
IO314
U7«8l49
148
109 41ll>3i
lOS^B 109»8
96
96
964 9'-is
69I4 711.
69 14 70
69 111 70 H
6934 71I4
70
714
•150 157
156
•156
157
1584
157 1574
1584
ISO *155 180 •155 180 •155 180 •155 18«
90"8 90^4
904 90^8 •h<9
90 4
90 S. •90
15278 155
153'4l55
153 4 154'-, 154415")
1534155
•71I4
•71
*71
*71>4 71k
71^8 713^
714
714
714
•202 204
202 203 4 202 202
201 4 202 *202 204
58
57
5758
56'% 57»ie
67
564 573b 574 583^
40
4038
4138 413e
4038 41
40=-^
41'8 41V
40
-814 82
•814 82
9%
82
80
81
814 80
23'>8
23^8
234 2436 224 24
234
23 4 24
231a
•87
*87
•87
•87
•87
88
88
88
88
88
•63 Hi 66
634 634 •604 63
644 654 64 34 65
3608
35^4 36
36
37
344 3534 354 35 14 35
I78I4I8OI4
1784180
17841794 1794 1804
178'4l803t
180 1«7 ilfo 185 •185 187 4 5186 186 1>5 186
241 24338 241 241
240 241
243 243
23942414
•250 260
•255 262
258 263 25742674
190 195 •190 195 •190 195
195 195
190 195
•195 200
192 200
n92 200 •192 200 •192 200
'18
•18
19
19
18
18%i •174 184 •174 184
33 14 334
33
33
33
34
34
33
344 354
1014
10
lOV 10
94 10
84 94
84 94
'40
43
38
37
40
35
107 10714 106% 107
106 l! 10678
107 107
1064107
119 121 119 121 119 121 •lis 121 11834 1183,
28^8 29
27 »8 28
274 27 '8 27«8 284 28
280e
•60>g 6II2
60
6O34
60 >4 •60
604 •60
604 60 4
37
3634
3714
38^
374
364
374
374 374
SB's
'g
•189 193
192 196
19314 196\ 192^1944 1944195
'3724392 '3724392 372 392
•382 Hz 392
3914 3914
•32 Hj 36
*344 36
•344 3538 •334 344 344 35
•884 894 8834 8834 8834 894 894 8934
88 Hi 89
24i« 25
•24
•24'4 25
26
25
5244 244 •24
'•
•33 4
•841a
1534
35
85
1^
"
6834
67
*«4i4
86
16
33
33
45i<j
46%
•32
33
4638 46
S,0\
81
68^4
300
6914
30 'g
64'«
14
•64
*86
310
310
84
31'>b|
65
18
•50
55
•3915 41
•99 103
1664 16608
86»8 87^4
12234 123'e
24 »o 26
145 160
63
63
•89
96
31 14
65
1194
164
314
66»4
106^4 107
142
68
95
323
2234
94
96
161416214
29 14 29 »6
56I4
55>4
•36
39
•83"^
31>4
84
32
64 4 65
•14
18
•50
66
•394 414
325
*67
60
.1410b 143
119
224
94
*93
•99
315
•67
-815
162
67^8
68
95
224 22 19
94<« 94 1«
•94
96
16114 162 14
30 14 30 14
•56
57
•35
39
'
16
32
81
16
16
321,
32
447. 454
80 14 81
3314 35
{16
•64
•85
;
•6
I6I4
80''»
14
146
40
39
•2038 21
160»g 162
102
315
60
31
3108
66 14 666e
107 10814
•141 145
39
39
204 204
92
12:241234 122 4124
-80
84
80
82 4
105
109
94 ^
96^6
{<ll'4
913,
90
35
36
80'4 81
•60
70
tlO
78
70'8
•180
70^4
190
2214
94
•94
162
29
55
•36
68
95
325
29
55
384
64
64 »g
39
}101
loO
316
60
315
56
50
39
85
325
'315
64
'4
18
1864189
25934 25934
190
195
200
'192
18
18
354
•33
8%
123
-80
84
944
80
•107
95-8
29
30
604
6O34
81
i-O
70
•60
•14
56
•26
•77
704
180
80
70
-ii,
1734
954
•50
•13
70
92 4
904
344 354
794 804
52
56
2H
•2418
77
80
70
70 4
•180
190
Do
1,100
4,600
St. Paul 295,330
<b
25
•54
64
34
pref
Chic. St. P. Minn.
Do pref
•66
142
68
96
325
310
21*4
2134
96
96
954
Do
1734
66
26
77
70
190
<J8%
904
9034
34%
35
HO
•60
13
8334
31
18
66
Do
pref
Cin. Chic.
pref
<fc
•56
128 131
•80 4 82
1U8 41084
98
99
924 93
9034 91
Do
•50
•13
70
•52
•25
i79
56
1734
66
•24% 28
78
180
190
70
•178
Lowest
374Febl8
Hiy/ust
Nov
Nov
93% Mar
894 Nov
1044 Mar 9 87% Jan 104 4 Nov
150% Apr 7 104 4 Feb 155 4 Nov
lU4Marl3 7278 Mar 1054 Dec
98 Feb 8 87% Fob 96 4 Oct
71% Aprl4 38 Feb 70 4 Nov
35
66
<fe
Dodge.
Ft.
Detroit South. vot.
tr. ctf.«
pref. vot. tr. ctfs.
Do
Atl..
& Terre Haute..
Bvansv.
Do
&
pref
Great Northern, pref
Gre49n Bay&W-.deb. ctf.A
deb. ctf. B
Do
Hocking
Do
Valley
pref
Do
pref
Kanawha <&
Michigan..
O.Ft.S.&M.,tr. cts. ptd
Kanaas City So. vot. tr. ..
Do
pief. vot. tr. ctfs.
Keokuk & Des Moines...
Do
Lk
&
Western.
&
1734
Manhattan
Elevated...
etrop. Secur., sub. rec.
Metropolitan Street
Mexican Central
Michigan Central
Minneapolis <& St. Louis.
Do pref
Minn. S. P. <& S. S. Marie.
Do pref
2678
4 79 4
704
185
42,225
26,400
Texas
Nash. Chatt. & St. Louis
at. of Mex, non-oum.pf
Do 2d pref
Jan
Mar
Jan 11
Jan 13
Jan 24
Jan 10
Jan 25
Jan 12
';
;'
.224
152,150
7,50U
Rutland, pret
Joseph &Gr'd Island.
S^ Do
Istpref
Do
2d pref
St. L.JtS.Pr. ,1st pref
Do 2d pref
C.ife B.I. com stock tr ctfs
100
200
'
'260
2,700
Mal-
394 Feb 3 1778 J'ne
196% Apr 1 149 Mai
Marl 2604 Feb
364 Marl
13 Mar
91 Marl644 Feb
400
284Marl7
979
91 Mar 2 4
84 Jan 5
32 4Mar23
7808
Mar28
69
Jan
17
i34Jau 13
51 Mar27
24 4Mar22
75
70
175
Jan 24
Jan 6
Jan 30
19 4 Jan
14 J'ne
234 J'ne
60 4 J'ne
64 J'ne
Jan 24
364 Feb
8534 Apr 17 4 Jan 21
37 Jan 2
4834 Marl
83 4 Marll
714Mar
72 4 Jan 1
90
323
90
24
99
.-
Feb
Apr lu
Oct
Oct
Aug
13534 Oct
Nov
Nov
Nov
474 Nov
864 Jan
264 XoT
90 Nov
7434 Nov
39 4 Nov
72
19434
61
177% Dec
8678 Oct
144 Dec
Nov
160 Nov
192 Dec
164 Nov
2734 Nov
154 Nov
48 4 Nov
93% Deo
116 Nov
24% Nov
63 Deo
37 4 Nov
1904 Dec
35934 Deo
3579 Nov
89 Deo
237
Deo
Jan
33 4 Dec
7934 Dec
27
1434
14 79 Nov
94 Aug 284 Nov
214M»j 41% Nov
65°gM«y 77 Deo
33 Ma; 684 Dec
67 Deo
64
72 Feb 83 Nov
170 Mar 242 4 Deo
Jan 13
Feb
Marll
967gMarl3
11
2
N. Y. CMitral & Hudson. 196,150 14134 Jan
N, Y. Chic <fc St. Louis... 16,200 42 Jan 20
115 Mari3
Do Istpref
600 744 Feb 17
Do 2d pref
213 198 4 Jan 3
N. Y. N. Haven <6 Hartf
N. Y. Ontario & Western. 75,778 40% Jan 5
36,600 774 Jan 25
Norfolk & Western
914 Feb 2 4
Do adjustment pref.
736 78 4 Jan 17
Paciflc Coast Co
loo
Jan 3
Istpref
10
Do
85 Jan 12
Do 2d pref
Pennsylvania
230,665 136 Jan 25
700 27 Jan 26
Peoria <fe Eastern
77 Jan 6
Pore Marquette
80 Jan 11
Do pref
Philadel. Rapid Transit.. 10,300 118 4 Mai ^
76 Jan 24
Pittsb. Cin. (Jhic & St, L.
300 105 Feb 17
Da pref
x79
Jan 13
605,824
Rea^ilng
1
J'ly
13 4 J'ne
48 J'ne
Apr 14
Aug 864 Nov
2034 Nov
May 94 Deo
Mar 96 Dec
70
J'ne
11
60
77
169 4 Apr 14 12534 Feb
32 Feb
14 J'ne
5334 Feb 32 Feb
39 Mar 17 22 4 May
844 Marie 64 4 J'ne
34 Feb 14 16 4 Feb
70 Feb 14 31 Feb
1434 Feb 25
104Jan
524 Maris 46 4 Apr
44 4Marl4 26 Mar
106 Marl3 86 J'ne
*350 Marl 3 5245 Nov
65 4 Feb 3 46 May
145 4Marl3 101 Feb
175 Feb 9 13934 Mar
91 Marl 7 724 Mar
1144Jan 9 1254Mari7
21 4 Jan 25 26 Marl3
137
1,420
3
64 4 Feb 10
25
700 39 Aprie
900 204 Apr
Istpref
2d pref
4
29
Mar21 es 4 May
Marll 100 Feb
3,880 894
2,500 148
18,650 30
23,46U 62
S3 ,400 104 4
pref
114AUK
Feb
4135 Feb 3
400 56 4 Jan 12
86 Jan 19
Missouri Pacific
;'t.
160
165
89
90
Jan 2(1
Jan 20
28,600 rl344Jan25
2,500 165 Jan 3
49,630 73 Jan 9
LouigvilJe<fc Nashville...
&
Jan 18 1184 Mai
Jan 31 HS5 4J'ne
AprlJ 83 No\
15534 Apr 7 109 4 Mar
7^34 Jan 31
64 Apr
205 4 Feb 3 154 4 Feb
60 4Mar21 284 Mai
44 4 Maris 33 Jan
8334 Apr 7 76 Jan
25 4 Marie 1278J'ne
884 Maris 80 4 J'ly
6834 Jan 18
474J'ne
374 Feb 7 20 J'ne
18434Aprl4 137 4 Feb
192 Jan 31 173 Mar
249 Jan 31 1614 Mar
2654 Feb 1 207 Feb
225 Jan 31 135 Mai
230 Jan 31 {165 Apr
194 Feb 17
6 4 Aug
35
100 36
60 994
400 }290
66
.
Mich. South'
Mo. Kansas
66
25
Jan 25
Jan 2 5
Jan 24
ti24Mar23
324 Jan 25
1714 Jan 6
182 4 Jan 13
205 4 Jan 6
234 Jan 13
150 Jan 6
195 Jan 17
734 Jan 5
17 4 Jan 4 36 4Mar22
84Aprl2 13% Feb 2
2 178
524 Maris
pref
Sbore
08% Mar 8
80
1434 ii'eb25
pref
Birie
34
Apr
159
160
91
Jan 3
37% Jan 3
75 4 Jan 3
55 4 Jan 3
66 Apr 7
90 Feb 28
1,100 236 Jan 4
83 Feb 16
"
"ei 17 4 Jan 6
600 86% Jan IB
800 90 Jan 18
110,136 16234 Jan 25
2,500 27 Mar23
700 64 Mar27
36 Jan 23
800 8134 Jan 25
6,400 27 4 Jan 7
6,800 62 Jan 3
4,355
103,425
10,435
14,500
Long Island
Do
,700
J'ly
3 44934 J'nc
9
64 Feb
75
600 694MarJ9
3,900 34 Mar23
27,700 1804 Jan 25
100 335 Jan 25
300 30% Jan 27
2,000 85 Jan 23
50 22 Feb 20
5 Feb 8
300
100 31%Mar 4
800 764 Jan 2?
965 12% Jan 12
pref
Des Moines
34% 354 Rock Island Company
80
Do pref
a;7'.t%
70
704 704
L.
St.
So., vot. trust
Istpf. vot. tr. cfs.
Do
Do
325
60
80s,
78
Highest
April 54
Jan 14 111
100 11834 Apr 3 3 12134
19,600 22 4 Jan 21^ 30
&
Colorado
Lake
310
92 4
•62
1
2,700
10,550
2,160
3,350
pref
Chicago Union Traction.
66
•50
108
9534
•9134
2u0
100
& Cm.
169 4 IUlBois Central
304 owa Central
634 63%
123 4127
-80
85
108
7,614
Chicago Term'l Transfer.
34
-64
•86
31
101
950
pref
Do
894 894
-J 4
14
316
60
Lowest
85
37
384
Do 2d pf. vot. tr. ctfs.
196 1964 Delaware <& Hudson
372 4 391
elaw. Lack. & West'n.
•34
35 Denver <fe Rio Grande
313^
*100
85 4
109
9438
*yl34
*89'8
Chicago Milw.
1194121
63 4 64%
•14
18
•60
55
310
1,600
1,000
15,800
Alton
pref
Do 4 p. c. debentures
Do 5p.c. pref. "A"..
Do 4p. c. pref. "B"..
Do
414 •394 414
123^ 123 4
124
84
109
28i>
Chicafco O-reat Western..
106410676 Clere.
95 4
95
31%
18
65
Week
242 4 Chicago & North Western
241
35
68
95
330
92
3136
lol
330
60
Do
364 364
434
&
Chicago
88
66
14234 14241434
142 4 1414142
167
166416634 16634 167
1664167
8638 8738
87
88
86% 884 87
123 14 122 4123 4 122% 123% 12234 12334
24
25
244 244 2434 24 4 2434
160 •145 160
146 160 146 160
•60
64
62 64
65
64
64
•89
•89
95
•89
95
96
95
1194 1174118S8 118 1184 1184 119%
I6334 •162 4164
I6334 161
16141634
32 7e
31
314 314 3178 3134 324 32
6734 084
6734 68%
66
66 4
664 684
106^4 107 4 107%1077g 107 41084
107 108
141 146
141 145 •141 146 141 145
•3334 394 3S4 40
39
39
39
39
21
21
•204 21
204 204 204 2034
167 4 15934 15641584 15734 159 4 15334 161
54 '4
5234 544
53
53
634 53
644
ai4 120 114 120
114 120 •114 120
•82
»3 85
34
824 83
814 84
202 4 §203 202 4 206 4204 204 *203 206
6178
604 614 6O34 6 134
604 62 14 6i
8534 B6^8
85 4
84»8 85 4
85
864 87
92 94 •92 91 92 94
•92
94
92
94
•914
§9214
94
934
y4
94
14
103 108
1U2 108
n04 104 •103 108
-93
-92
•93
95
92
95
95
94
141^8 1434 1 141 4 14208 14278 143 4 143 4144 4
46 46
"45
46
46
464 46
46
•50
190
68
95
634 644
14
90
90
34 14 353b
180
31
18
66
41
101
90
704 704
bO»(
67
•64
•85
*87
•62
•94
944
1664167
1654
29
29% 29'4
644 664 644
36 384 364
834 834 •834 83% •834
95
8334
31»4
•60
454
22
96
94
94
Ice's 168
•29
294
•544 55
•30
33
16834
834
Zl\
14
33
6734
804 8I34
234 24
54
tor FrevUtut
rear fly U4)
or lOO-share lots
Railroads.
40 7e 41
179
Range
Sartge lor Tear iyo5
On basis
S/ia res
Arbor
Ann
Do pref
844 844 X834 834 Detroit United
1534 1578
16% 16% Duiuth So. Shore
3309
334 3378 33
Do pref
454 46 4 464 46% Erie
8O34 814
81% 817e
Do Istpref
6734 6934
70
714
Do 2d pref
-92
•8934
3478
fc04
68
28
80
334
16
2134
2214
94
9134 924
3534
54
64
80
'310
92
•64
•24
•77
58
28
80
•b6
'315
4478
6734
92
164 164 •164 174
•64
^24
64
109
944 ye 4
5
•334 35
•334 36
844 844 844 84 4
315
•56
14134 14236 141
16614 1663^ •166
86I4
8634 87 4
122412334 122 4
24 14
24=8 25>4
•145 180
145
•62
•624 65
•89
•89
95
11934 11934 119
161 1634 I6334
159 1603,
56 14
54
6334 5514
115 120 •114 120
83I3 84
•82 4 844
202 4 203 5202 2024
6938 61
694 60-^4
84^4 86^4
b438 86
92
94
94
93
93
93
94
103 109 •103 lO'J
•93
•93 Si 96
944
142'^ 143 '8 142 4143 4
45 14 46
454 46 4
109
54
4
64
EXCHANGE
01
the
v<
•150
•165
•514
Sales
STOCK
Feb 6
Feb 6
tjo't Atch. Topeka & Santa Fe 131,3011 844 Jan 25
103 103%
Do pref
10,750 99 Jan 25
149 I49I4 Atlantic Coast Line EK.. 21,800 120 Jan 25
11034 1114 i.>aitunore<Ss Ohio
7y,27o lu04Jan __
97
974 i>Do pref
91 Mar
1 ,922
70% 713^ Brooklyn Rapid Transit.. 181,340 684 Jan 25
BuJlalo Roch. & Pittsb'g
400 154 Jan 25
159 Jan 6
Do pref
9006 91
l,wOO 87 4 Jan 4
Buffalo & Susque, pref.
154 15434 / Canadian Pacific
127,400 13034 Jan 25
•70
V anada SontUern
71
200 67 4 Jan 11
204 204 Central of New Jersey..
1,300 1904 Jan 3
5734 584 Chesapeake <& Ohio
28,250 460g Jau25
•35
40
744 744 *74
80
884 90
89 4 91)
STOCKS
XEW rOBK
Dec
159
33
5934
Nov
xov
38 Deo
83 4 Nov
31 78 Nov
Not
19% Apr
5634
62 Apr
43 4 Deo
105 Oct
J300 Deo
62 4 Nov
14834 Dec
1694 Nov
96 4 Aug
Mar 130% Oct
Apr 23% Nov
U50 Feb 16 ill94Feb 160 Not
6434 Apr 7
40 J'ne 6734 Jan
91 Feb 24 80 J'ly 964 Sep
122 Mar29 66 Jan 95 Oct
1694Mar29 116 May 160 Oct
334 Jan IH 14% Feb 36% Nov
69 Marl 3 32 4 J'ne 664 Deo
1107eMarl3 87 Feb 111 4 Deo
147% Mar 4 01 4 Feb 147% Dec
45 Jan 16 3434 Feb 46 4 Nov
24 4 Jan 10 1578 Feb 2542SOT
6734 Mai 14
1278 Mar 145 4 Deo
554 Apr 8 25 May 47 Deo
122 4 Jan 30 101 4 May 115 Not
85 Apr 7 60 J'ne 78 Deo
1104 Feb 4 51354 May 199 Oct
64 Mar30 19% Mar 477gOet
88 4 Marll 634 Mar 80 4 Deo
94 4 Feb 3 88 May 96 Dec
98 4 Feb 7 61 Feb 824 Dec
08 Feb 6 95 J'ly 101 Sep
98 Feb 7 614 Jan 86% Deo
14734 Mar 13 .114 Mai- 140 Deo
48=4 Apr 3
17 Mar 32 4 Dec
106 Feb 14 744 J'ne 81% Jan
87 4 Feb 6 68 May 794NOV
31 Apr 14
8734 Mar 13
56 Apr 80 Deo
12
Marl3 90 Apr 107 Dec
9934 Mar 9 3834 Mar 82% Dec
94
Feb 2 76 Mai 92 Deo
92 Feb 3 554 Feb 86 Deo
37 78 Jan 18 19 4 Mai 3734 Nov
85 Jan 4 5734 Jau 86% Nov
72 4 Jan 19 30 Apr 72 4 Dec
1734 Jan 31
9
Mar 18 Nov
583^ Jan 21
35 May 60 Not
3
29 4 Feb
16 Jau 30 Not
.Si 4 Mar 6 t61
Mai- 7934 Deo
73 4 Mar 6 394 Jan 72 4 Deo
192 Mario 150 Jau 185 Deo
10434
5
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bank*
XEW YORK
Mid
160
516
oierExch.. 272
Astor
776
iJaiiery Park 160
325
BowerTH
II
Bid,
...
166
530
278
826
170
City
Coal & Iron.
Colonial II ...
Columbian ..
Commerce...
Consolidated
£utoh's<&Dr 155
Century H
195
Cbase
650
166
Cm Exchgel
Chatham
330
Diacouutll ...
East River..
FideUtyll ....
Fifth Avel..
Fifth
320
172
Chelsea Exc" 170
Chemical
4275
* Bid and asked urioes; uo sales were made on
1
Sale at Stock Exchange or
Ask
4
Banks
Bid
765
14tliSlreei1|. 300
ma 4
230
205
Fourth
450
Gallalln
415
400
Gansevoorili 140
1227 I229 Uarlleld
500
162
157
German Am1| 165
387 4 3974 German Ex1| 400
160
150
QermiLniall .. 575
150
Greoiiwioh 1| 240
160
Hamlltonll .. 170
180 200
520
3450 3760 Hanover
Imp So Trad. I'i9034
340 350
Citizens' Ctrl 166
oina
America
BnnkH
Ask.
First
lUia day.
M »aotlon Uua week.
»
Ask
735
Bid
Jtankjs
InterboroTJ.. 160
Irving
230
215
425
JetlersonTl...
165
Liberty
145
I.anooln
526
1600
Maiden Lane
1(»5
175
610
260
530
Manhattaulj. 315
Market A Ful 262
t304
Mechanics'
Mech .fc'l'ral, 150
Murcintile .. 280
Merch Exch. 170
Merchants'.. 176
Ask
Metrop^
240
180
660
Mutual
330
270
.
MtMorrisll.
1)
Bid
Ask
400
210
300
Phenix
190
198
475
310
1300
200 205
317 4 323
19th Ward!!. 250
KAAbern
180
185
PaciflcH
2-.>5
130
Ort«ital1|.... 1251
250
i65
PlHzall
,
Prod Exchli
I
Ask
530 640
290
140
1 580
176
185
Seaboard
Second
250
070
700
280
700
Shootfe Letli.
160
Statoll
1
RivcrsideU
.
..
200
34th Street.. 195
12th Wardli 120
23d Wardll.. 126
Uiau 100 .itukren. % )S,x rKais. H dUte banks, n l£x tUvutead and rii(Uiak
n Sold at private sa^ at thia price.
Uo. oortidoatM.
A As9»s«ment paid.
-
Bid
People' sll
Nassaull
ifaacUi Anicr.
Banks
P.ark
New Amster
New York Co
NY Nat Ex.
New York...
287
i Les.i
Xnut
Banks
170
<>
160
206'
New stock.
1
Ape.
41
.
btOCk Eecord— Concluded— Page 2
19o5.]
15
STOCKS— HIOH EST AND LOWEST SALE PRICES
Satiir'iav
Monday
Aprils
April 10
65 14
67^
26^ 26%
64% 66
68»6
6634
US'* 113
11-:
Hih
3414
34»4
963^
97^4
96-'4
•y6J2
38
38 H>
131
34 « 35
*4l
43
37^4
131%
i:!i
35
41
343?
9^
387f
13134
353p
41
ei^e
118-'4
130=8 133
99 ^a 99 12
*45
46
86
86
99% 99%
45 46%
85% 85%
"li
2234
22^4
466e
18^6
46
IS^*
-43
45
•ati
2710
46
*18
*43
235
250
17%
17'u
61
16=8
41)18
103\
35%
36
96
34
233
3534
•93
•33
-2^8
•8=8
•934
5134
•93
•32
4230
*8%
91*
10
10
52 Hi
'
*5
5134
6
40
40
ly34 20
43 12
43
53*4
132
35I4 36
4178
40
61% 62 'e
131
45
171*
3534
96
36
230
10
52
534
534
4134
4334
II7I4
7
26^8
3638
25^8
26 14
3934
101
35
•93
•32
403,
35%
14
16% 17
66
14314144
6438
534
4034
1834
10
6
13H.
63
64
45 'f,
44
87
yy%
41%
993,
84
84%
22%
22^8
4534
47
18%
24 3f,
23%
233,
2334
51=8
5i=8
51%
14%
60
36
•bO^j 88
64''4
65
120
48 14 5034
48%
•105 1081, «105
•154 169 154
«1-J0
45
27
60%
87% 89%
40^8 41%
1021"
•36'(
6K=8
611.,
88%
42%
102%
8978
43=8
10334
36=8
•93
37
96
•32% 35
235
8%
8%
•8%
9=8
934
934
51
40
41%
5 '8
6
120
7
20
60
*634
7
25=8
11534
125
170
108
158
101=8 102
107
154
6
41
26
123^8
126''8
175
145
97=8
1438
14
•68
61
•95
tf8%
53%
105
16''8
14% 14\
•58
60
16^8
60
6234 54
*95 104
•16% 17
203
{119
4734
48',
107
107
•119
119
49
lo7
175
*1
1
l"-,
9.-:i<4
•43
110
115
101^4
4434
7y'8 79 'f.
3313 3414
101
115
1%
a;98% 100
44%
443,
13
79
13%
79%
35
931
•127 130" '127 130
)3>2 137h
1334 13'
lOii
109 109
109
95
94
95
95
3334
93=8
i
1%
98%
•43
49
50
255
49
50
255
*U3
93'
180 1801
1967„196'8
*245
•93 i8 93\
ISIH: 182
•lii'i'e 200
•101
i8=8
107
1197g
49 's
107
145
•1%
11.
96'8 10034
99-:
44
i
•43
H
13
12%
78
78
3234
331.,
93% 04
128% 128
1338
109
94
«50
245
93%
178
196
101
103%
44% •43
45
13
79
13
78
78
78
32^4
33%
32% 3334
93% 95
93% 94
13
1%
139
13
128
1338
109%
94
44
117
37
IH
109
93
13%
109%
Amer. T»leph.
9434
43^8
116% 116%
36% 37% 37% 3778
11634 1173g
,
101^8
35
10038 102%
107
50
255
93
179
197
107
35% 35%
1U7
102%]03=8
35%
107
48% 48%
245 255
48%
•245
3634
10739
4S=e
265
93
93% 93% 93%
175%177
175 177%
I96'8l96''p •190 196%
<fc
Teleg...
i
e
11'h
Corn Products
Do
59%
pref
Securit's Corp.
Storage Battery.
46'./ Distillers
87%
i.-lectnc
Federal Mining & Smelt'g
Do pref
General Electric
243^ International Paper
82
Do pref
971., International Power
37
Internat'l Steam Pump..
«8-'„
Do pref
64% M'ational Biscuit
i^ Do pref
4734 48% National Lead
107% 109
Do pref
104
185
Xew York Air Brake
North American Co., new
Pacific MaU
eop. Gas-L.<fe C. (Chic.)
Pressed Steel Car
Do
pref
Pullman Company
ail
way
Steel Spring...
pref
t>VDo
RepnbUc Iron & Steel
Do pref
Rubber Goods Mf g
Do
^loss
O
ptef
& Iron
Shefltteld St.
Do
...
p^ef
1% Stanrtaru Rope A Twine..
1
102% 105
Teua. Coal,
Iron-tfe
RR...
44 Teius Pacific Land Trust
13% 13% Union Bag & Paper
Do pref
4334
33=8
94^
13% 1338 13%
109% 109% 109%
93%
43%
93
43% 44
Refln'g.
35
95
&
U. S. Cast I. Pipe
Foun.
Do pref
United States Express...
13-S, «United States Leather...
109'4 s
Do pref
'e
93% 93% U S Realty & Improve'nt
43% 43^8 United States Rubber
11634 11634
Do pref
37% 37 V United States sjteel
Do pref.../
1U3% 103^4
3634 Vlrginia-CaroUna Chem..
36
Do pref
107 lu8
43
48
Virginia Iron Coal
Wells, Fargo
&
&
Co
C
est'n Union Tele'gph
93=8 94 14
West' gh'seEl <$!M ig assen
177 178
Do Istpref
192% 192%
Rani/e for Previous
Highest
year(l'J04)
Highest
Lowest
27% Jan 20
66% Apr 14
9%J'ne 29
2539 J'ne
72.''8Feb27
41% Mar
121% Feb 15 113 Sep
3634 Mar 13
18% Feb
100
Mar22
98% Feb 28
6O34
6834
Dec
Dec
Nov
119%Dec
37% Dec
77% Jan 97% Deo
90 Feb 98 Dec
20%J'ne 38% Nov
Feb 16 116 Mar 134 Oct
37% Aprl2 17%J'ne 27% Oct
41
Marl3
13434
4334
Feb 7 5220 Feb 250 Oct
Feb 17
6 Mar 213^ Nov
Feb 17 39 % Mar 71 Nov
89''8 Aprl4
43% Feb 8234 Dec
43=8 Aprl4
1434 J'ly 35% Dec
104% Apr 6 67 Jan 9434 Dec
38 Apr 3 24% J'ne 3779 Dec
97 Feb 16 8834 J'ne 97 Nov
38 Jan 10 22 Aug 39 Dec
246 Feb 27 180 J'ne 219 Nov
14 Jan 4
5 Aug 14 Deo
11% Jan 14
11% Dec
2=8 Jan
65%Marl7 11% Jan 4334 Deo
934 Nov
7% Feb 1
6 Dec
4134 AprlO 24% Mar 42
Oct
21^8 Apr 14
7 J'ne 20=8 Nov
46=8 Apr 14
42
Nov
%
22%J'ne
61% Apr 13 16% Jan 3638 N ov
122=8 Apr 14
75% Jan 105 Nov
334 Jan 14
9
Deo
2%J'ne
2,000 23% Feb 9 28%Mar 7
16 J'ne 29 Dec
456,765 7934 Jan 9 12378Aprl3 46 Feb 82% Dec
9,400 111% Jan 13 127 Apr 6 8834 Jau 115 Oct
169% Jan 12 183 Jan 2 110 Jan 170 Nov
"546 99 Jan 7 101% Feb 27 85 Jan 99»8Nov
4.160 1234 Jan 6 1838 Mar20
3%J'nt 15% Dec
7,9411 5284 Jan 6 67% Apr 4
26 J'ly 57% Dec
17,700 13838 Jan 26 1493, Mar 2 122% Mar 153 Nov
200 137% Jan 17 140 Mar 7 123 Jan 141 Nov
800 143 Feb 16 148% Jan 6 121 Feb 149% Nov
5,030 9l7gJan25 99=8 Feb 8 85^ Nov 96 Deo
65.734 20=8 Jan 26 38 Apr 14 10 Jan 25 Nov
2,2>>5 93
Jan 6 108%Marl5 69 Jan 9434 Deo
32,970 103% Jan 25 130 Aprl3 61 Feb 120 79 Nov
200 203 Jan 26 x215 Febl4 185 Mar 229% Oct
12=8 Deo
2,930 107g Janl3 15%Aprl4
5
J'ly
68 Mar 1 60% Jan 18 477gFeb 6234 Deo
74',694 43
Jan 26 59 Mar24 25 % Mar 5836 Nov
650 85 Feb 10 105 Mar 2 4 63 Apr 95 Deo
1,000 1434 Jan 25 18% Jan 30
8 J'ne 19% Deo
9,84b 194% Jan 9 214 Mar 3 185 Feb 220 Oct
9,979 11% Apr 12 2234 Feb 7
934 May 26% Nov
6,910 59 Apr 12 79 Jan 10 65 Mai 82% Nov
21,307 j:347g Jan 25 47% Apr 6 19%J'ne 40% Dec
7,260 83%Mar24 89% Feb 27 82 Nov 8338 Nov
3.506 60 Jan 11 128 Apr 7 43% Nov 68 Deo
17,300 75 Jan 5 107%Apr 7 71 Nov 90 Nov
29.501 181% Jan 24 192 Marie cl51 J'ne 194%Nov
15.800 20 Feb 1 25% Marl 1 10% May 25=8 Deo
9,800 76% Feb e 82% Apr 6 64% Feb 79 79 Ceo
710 65 Jan 18 100 Feb 23 26 Mai 72% Deo
40^8 j'eb27
700 35 % Apr 1
28 Sep 41'%Nov
400 85 Mar29 88=8 Apr 14 71% Feb 87 Nov
6,450 54% Jan 25 663^ Apr 3 36 Jan 69% Nov
250 liesgJUnlO 12034 Marl5 100% Jan 117 Nov
71.150 24% Jan 24 5134 Apr 7 14% Feb 26% Oct
1,171
97 =8 Jan 7 111% Feb 20 80 % Jan 9?% Dec
7,700 147 Jan 24 161 Aprl4 120 Feb 164 Nov
29,260 98 Jan 20 l05%Aprl4 80 Mai 107 Nov
4,100 42 Jan 25 49% Jan 4 24 Feb 55 Nov
46.432 105% Jan 25 116% Apr 3 9234 Mai 112% Deo
4634 Apr 14
24 % May 44% Oct
39,085 33 "2 Jan 3
6,500 8734 Mar 6 99% Apr 14 67 May 92 Deo
l.O.iO 237
Jan 3 254 Feb2!- 209 Mar 244 Nov
25,600 32 Jan 7 39%Aprl4 16 May 35 Nov
6,550 93 Jan 25 103 Apr 14 7134 Mar 94 Dec
6 May 18% Nov
40,940 15 .Ian 23 2478 Apr 3
16,400 67 Jan 10 87% Feb 23 37 May 73% Nov
26,120 24 Marl4 3534 Apr 1 1434 Apr 2979 Dec
3,320 94 Jan 25 109% Apr 1 7434 Jan 98 Dec
4,400 60 Jan 26 118% Feb 24 31% Jan 6689 jfov
100 Jan 13 130 Feb 23 77 Jan 105 Dec
5 Nov
34 Mar
3 Jan 3
34 Jan 28
1,500
116,700 68 Jan 25 106% Apr 4 31=8 May 77% Nov
600 37% Jan 31 46%Mar28 25 Ma> 39 % Nov
3^8 Aug 13% Nov
9 Jan 25 16% Apr 3
3,800
1,356 68
Tau 10 82 Apr 4 45 Feb 7o % Nov
6% May 20% Dec
64,b00 19^8 Jan 3 36^8 Apr 14
4,900 79% Jan 3 96 Apr 13 40 Mai 81 39 Deo
148 120 Jan 9 134 Feb b 100 Feb a 28 Nov
6%Ma> 2034 Deo
16,280 ill
Mar 3 14=8 Jan 16
4,550 00^8 Jan 10 110 Apr 7 75=8 Jan 106% Lee
84 % Nov
43
98%
Mar
10
J'iy
2,100 77 Jan 4
10% Feb 34% Deo
6,500 3334 J.an 3 45% Apr 7
3,744 9838 Jan 6 118% Apr 7 41 Jan 100 Dec
838 May 33% Deo
280,320 28% Jan 25 38% Apr 7
10334 Apr 14
51% May 9o=8Dec
330,23(» 91% Jan
3,200 32% Jan 26 39 Jau 3 2234 J'ne 44% Dec
1,392 105 Jan 23 110 Feb 20 97=8 Apr 116 Nov
18% Sep 44 Nov
1,400 40 Jan 7 52% Feb 24
260 reb21 5200 J'ne 250 Aug
235 Jan
Jan 17 95% Jan 4 85 May 94% Deo
4',."o"u
6,970 175 Apr 13 184 Apr 6 153 Mav 185 Dec
400
Feb 23 197 April 180 Aug 198% Nov
9 ?250
Jan 25
Mar23
891,222
70
Jan 25
AmalgamatedCopper
American Car & Foundrj- 62,300 31% Jan 25
9,4(>0 j;91% Jan25
Do pref
6,900 33% Feb 3
American Cotton Oil
93 Mar3o
Do pref
33 Apr 7
American Dtst.Telegraph
384 ?309%Jan 4
American Express
52u
7% Marl 1
.American Gr.oss Twine ..
800
9% Feb 18
Ainer Hide & Leather
4,900
4534
Jan 3
De pref
1,200
5%Mar22
American Ice
11,126 35% Jan 10
Do pref
8,160 15% Jan 17
American Linseed
2,100 36 Jan 19
Do pref
.American Locomotive... 203,»^4O 33 Jan 25
18,635 10334 J an 5
Do pref
500
634 Jan 3
American Malting
Amer.Tobac.(new),pf.ctf8
.\merican Woolen
lli8%
Do pref
130 Anaconda Copper
205
I>rooklyn Union Ga.s
1438 15% t>run8w. Dock & C.Imp'
•58
60 Butterick Co
53 -18 55
Colorado Fuel <fe Iron...
103% 104
' Do
pref
1638 16^8 CoL & Hock. Coal & Iron.
204 204 % Consolidated Gas (N. Y.).
5127% 127%
132
Lowest
{236 Jan
4,100
5,000
llis-Chalmers
Do pref
98
38
115
1234
4 3 '4 441-.
4378 441.
44
11 6 8 118
11634 1171
117
i.
37
36'8 37'.
37 u
3638
101 14 102
IUII4IO2
100%
35 '4 353
35% 353.
35%
luValO?!-, •107 108
'107
•24.)
115
i>Iiscell
American Snull,
157% 154 156% 156%157% 158 161
10iiijl02
101% 101=8 101% IU234 102% 105 >» 104% 105'.;
45 14 4o»<,
45% 46% 4434 46% 45% 45 14 45
44% 45
46
llU'allli4 10978 11034 110 UOS 108%li0'..' 108%110% 10934 110%
46''4
42 '4
42
42
42 %
42%
4234
41% 42% 41% 42
42%
9734
97 >« 971.,
97
97
97 %
97
97
97% 97% 97% 99%
'245
247 24SS 246% 247
245% 246
248
246% 245% *245 247
3634 37^4
36% 37
3534 363.
3538 a7
36% 39%
36% 37
97
98
100 103
97
98
98
98%
98% 99% 9934 100
21--<4
22 14 23 3^
22
23 V
2238
21=8 23
23
23%
2234 2334
821.;
buSj >i2\
80
81^8 83
feO% bo=i
80% 82
82
83
3234 3334
6-^^i 33
33% 341.
32% 34
__
32% 34% 32% 3 3 '4
10Vi8l07'2 10734 10734 108 109
107 108
107% 107% 107->4 108
91^4 92
92
93% 92
92
94
94
92
92
93
94
•llu
&
Express
26% 25%
Do pref
122% 123% Amer. Smelt'g &
124% 125%
Do pref
*170
•-.
60
7
Adams
Year 1905
oi 100-share Lots
Apr 6 21%May 38 Nov
65
Apr 12 32 Feb 67% Nov
122% Apr 4 87% Feb xl07?i Oct
158 Mario 158 Aug §165 Nov
137^6 Feb25
71 Mar 117 Nov
101=9 Feb21 a;86%Feb 93 Deo
50 MaiSO
9 Feb 25 Dec
89 MarSl 42 % Apr 69 Deo
23^ Feb 3 15 May 25 Nov
48 Feb 23 3234 Feb 48% Nov
1934Marl3 14%J'ly 2238 Nov
48 Feb 1 37 J'ly 5234 Jan
25% Jan 9 2b%Marl3 21%J'ne 32 Nov
4,156 21% Jan 3 25% Feb 16 16 J'ne 25 Nov
5,865 45 Jan IS 54% Feb 17 37 J'ne 4939 Nov
.s
§101% 101% J101%101%
Do pref
16% 163, American Steel Poundr's.
16% 16=8
6434 65
64 '4 65%
Do pref
142% 143% 14339 144 14 American Sugar Refining
138% 13S\
Do pref
144
14434 145
9734 98
1438
119
9'4
7
7
7
2534
120% 120%
•144
98
35
30% 34
30% 3034
10534 10534 107
103 106
128
125% 129
129 130
205
205 210 •203 210
145
20434 205 %
12
1238
60
61
44% 4434
47=8
9
51%
6
4039
20^8
4 5 '4
5934
6
41% 41%
4534
56=8
25
26
97% 93%
119
497e
23 S
51
62
lor
."•.
Do 2d pref
23 '8 Wisconsin Cent. v. tr. cfs.
53=6
Do pref. vot. tr. ctfs.
16% 17%
17
60 \
17
Week
Sh ares
Ranqe
On basis
3,010 24% Jan 6
21,800 57 Jan 12
143,900 6334 Jan 6
2,100 11534 Jan
Southernv.tr. cfs. stmped 15,200 3234 Jan 25
1,600 96 .Tan 13
do
Do pref.
98 Febll
M. <fe O. stock tr. ctfs...
32^8 Jan 25
Pacific
26i250
'Peias &
1.153 l-J6%M.arl5
1 hird Avenue (N. Y.)...
Toledo Railways & Light 10,510 22% Jan 13
4,.t5(I
35% Jan 18
Tol. St. L. & W. V. tr. ctf
Do pref. vot. tr. ctfs. 8,520 513, Jan 25
8,380 105 Jan 6
Twin City Rapid Transit.
155% Mar 1
Do pref
._.
.".
994',34V> 113
.Tau 6
Union Pacific
4,731
97 Jan 9
Do pref
1,900
21%Jau
4
SanFran
Inv't
of
UnitRys
2,350 64% Jan 16
Do pref
1,900 20% Jau25
Wabash
6,900 41 Jan 25
Do pref
880 17 =8 Jan 24
Erie...
Wheeling* Lake
100 44%IVIar24
Do 1st pref
250
934
123=812334 123% 126
170 175 •170 175
100% 100% 100 100
16% 16'e 16% 17
6434 65%
6434 65
14
58
240
'4
SI'h
97^4
18=8
45
•26
201% 204 204 %
11% 12
11% 11=8 11^8
59%
59
60
59% 60
44% 45%
44
44% 44% 45% 45
86
86 %
8434 85%
84
«6
85% 85% 85
123% 12434 •120 122
118 121% 115 122
103
104 105
103 10434 103 _._
103% 105
105
186 187% 184% 186
182% 184% 182% 184=8 184
2334 2438
23% 24
23% 23
23% 2334 2334
82
81%
81
813..
81% 8134 bl
81=8 82
-97
97 14 •96% 97%
97% 97% 97% 97% 97
*35
•35
•33
36
35%
36
36
36
36
•86
8734
87
•86% 88
•87
87
88
S8
64% 6538 6334 6434
64
65
64% 64 's 64%
1»»M189
42
21^8
20%
20
46 h
•42% 44%
60.8
59=8 61%
119% 121% 122 122% 121% 122=8
30 %
105% 106
124 126
205 205
205 1* 2053,
12
123i,
61
62%
120
104 Sk I05J4
3ii
42
84
22=8 23
46% 47
IS
18
•43
45
•26
27
8%
52
42%
5534
52% 54%
103%
16% 16% •16% 17
_.
87
1237^
23-8
8^34
*90^4
i:U34 136^4
99% 99%
96
32 36
4229% 235
51
6
•1834
57
117% 119
5334
205=8 205*8
12-2
36
41 '8 42%
63
63
119 120%
*93
96
36
238
9=8
103% 105
167«
40=8
8%
30
31
106 "4 107
122% 125
*205 210
I4I4
88%
39=8
'230
9
55=8
•634
2534
86
•33
41%
19%
•42% 43%
144
?8%
3014
•58
51%
142% 143% 141% 14234
144%146
66V
16=8
124=8
175
nOO 100%
124
210
14 14
60
27
2338
•95
96
36
236
124
170
98 14
183fe
45
131
a;34 78
i32%i34'8
101% 101% 10133
35% 35% 3533
102
124
14434 145
i>6
981^
30ia 'M\
1U6 106
463?
'240 250
le'a 17%
61
61%
250
115'all9
144 >v
85
*43
•26
23
51
45
27
131
37
84
45
85
23
18% 18
115%117% 114%117
IG^ 1G\
65^
43
45
51% 51%
634
64 •>4
131% 133"
99% 99%
16% 17%
60% 62
86
87%
10
116%
•68
50 1^
• lu3ia
42
63
118
23% 23%
51% 5134
•8%
634
1^1
•205
35%
'85% 85%
230
9
19% 20
125^8
a;130% 13034
36% 37
37%
4234
43% 42
62% 64%
65
118%119%
118
131
the
1409
26^8 St. Louis Southwestern
Do pref
Southern Pacific Co
118%
Do pref
661.
68=,
Industrial
54»k
11712
144
131
99% 99%
235
250
54% 56%
•170 175
«101i8l02i*
6534
6778
67^4
II8I4
4534
63,
•117
26%
66
Sales of
YORK STOCK
EXCHANGE
67% 68%
6634 6738
118% 118% 118% 118% 118
34%
34
34% 34% 34 5^ 34% 34=,
9"^!
96
96% 96% 96% 96=,. 96% 97
'96% 9734 •96% 97% •96% 97% •96% 97
38% 37^8 381.
38
38% 3734 3838 08
6B34
118
34
22%
40I4
•42I4
26% 26%
65
46
6II2
62 14
61
8439 8734
84'b
4112
40% 41
1043b a;102 103
t.3
April 14
65%
46
*18
•43
*26
27%
23% 23%
51% 5214
April 13
26
*22% 23
18%
NEW
Flriduy
65
2234
45
STOCItS
2'hursdav
26
46 m
'26
24
52 V
*235
26
64% 65 's
130=8
i'oO'^i
22\
26
61%
118% 11914 118% 118%
6212
118 14
68 1?
118%
9612 97
*96ia
Wednesday
April 12
Tuendav
April 11
65 Vj
26 >2 2718
1
14
56
19
68
(
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Biu
Ask
Union Exchi; 210
\j
uiied
Wa..)li.H'ht8r
West
Sidel;..
VorKvillel,
..
BKOOKLTK
Boionghli
B load way!,..
Brooklynl ..
Coiu'wealth*
Coii'yI&Bli
Fir.si
t
Bid
100
220
120
136
People'sl]
140
ProspectPkl: 135
17th Wardli. 155
Mechanical] 335
Merchants'.. 140
Nassau
Nat City
North Sidell
300
130
110
145
376
Ask
Trust Cos.
Ask
Bid
Trust Co's
Ave Tr
Guaranty Tr
Guardian lY
Fifth
90
210
600
400
Mauulactr.v'. 365
•
Banks
BEOOKLTN
390
290
306
290
CITY
Bankers' Tr. 476
N. T.
Sprague
230
Sluyvesantl 190
UnionH
215
Wallabouti,
.
160
Bid ana asked pnce.i; no sales on this day.
Bowl'gUreen 215
BroadwayTr. 165
Central Tr'st 2200
City Trust... 390
370
Colonial
Conimonw'th 100
240
Empire
Equitable Tr 1645
Farm Lo <fe Tr 1470
Loss than loo snares,
300
325
i
Sale at sitock Exchange or at aaetion this weak,
o
Bx
Knick'rb'k'r
Law T
220
175
2240
I <feTr
Lincoln Tr...
Manhattan
Mercantile ..
Merchants'..
Metropolitan
385
110
...---
1490
x
stock dividend,
Ex
a
..
MortonTrust
Mut. Alliance
N Y LifeATr
590
690
Trust Co's
Bid
NewYorkTr
720
335
325
390
1670
t536
1410
510
1500
305
440
200
North Amer.
Real Est Tr'l
StaurtardTr'l
332
50*5
1010-
TitleGu<feTr
Tr Co of Am.
Union Tru.st
USMtg&Tr
Unit States
Van N'denTr
Washington
Windsor
.
655
925
215
llOO
c lix divideml
Go. cftrtiacatoi.
rigbt.*.
Trust
Ask
Bid
670
670
205
j80
326
550
490
990
100
640
900
206
1050
Ask
Trust Co's
Ask
BBOOKLTN
410'
530
1530
315
460
210
Brooklyn Tr 420
Flat bush
210
Franklin
330
Haiuilton
340
Home
160
Kings Co
475
L Isl L&Tr. 300
265
Nassau
People's
331
Williamsb'^'. 230
and rights.
Ban^s tu.irked with a paragraph
Ti
Bid
730
(fl)
435
100
325
276
.'4u
are State baalti«
N
.1
New York
Stock Exchange—Bond Record, Friday Weekly and Yearly
OCCUPYING FOUU PAGES
BONDS
Week's
STOCK EXCHANGE
Week Ei«i>rNa Afbil 14
ASK Low
Jiid
U. S. Government
tJ S 28 consol registered. dl930 Q-J
S 2s consol coupon
dl930 Q-J
U
S 38 refpstereu
fcl91h
V
a 3s coupon
A:191b
0 S 38 reg small bonds. .fc]91><
tJ S 38 cou small bonds. .fcl91h
V S 48 registered
hldOl
104^4 105
10434
104's,105»4 10478
1043b 104^4 10434
Mar'O
y-F
105 '4 196
1
Mar'06
y-E
103
107 J'ne'O
104>2Dec'0.j
Q-J
104^4 ll)6i4 104>2Fob'O5
104^4 105 '4 1U5 Apr '06
132 132^. 132 Hi Mar 05
Maroo
133
13334 133
IT
TJ
TJ
/tiao' y-j
S 43 coupon
S 4s registered
S 48 coupon
192
1926
U
Pbllipplne islands 4s. 1914-34
2d series 68
VI
s
ctfs full paid...
Mexico «
US
Speyer & Co ctfs 4s
ot
•;
t
debt
M-b
99
90
Sale
Sale
li'5'8baie
'i'i liese
iState Seciii'itiea
4 to 5
19U0 J.J
19(«; J-j
190i> J-J
192U j-j
1924 F-A
Currency fuiidiug 4s
Diet of Columbia 3'658
Loulsiaua new consol 48. .1914 J J
NortU Carolina consol 4s. 1911) J. J
1919 A-O
68
1933 J-J
So Carolina 4 »2S 20-40
Tenn new settlement 3s. .1913
Small
Virginia fund debt 2-38... 1991
6s deferred Brown Bros ctfs.
A'o
10434 10434
10434 lOS-S,
K'4'8
104121043.,
IO434
104
So
iiiee
laba Midi Hee
1907
190S
190 F-A
1910 F-A
1911
1913
H
K
"i
4s.. 1928
iVI
105
105
loO's
9538
9534
the
are pi
ices
<j
n
lOlv
1
lOl^ii
109^001
99
't
a-ii-s
'00
lU
11934 Oct '04
10334
.
102
.
& Sav lat g
SavJ<'& \V 1st gold
Cliarlea
127»2.
96>u...
95^2 Dec '04
97 Mar'05
IOI2
10 S
95
9Bi4"9'7s
11 ...
99ial00i2
102=8 Sale
100
Si
I0212
20
991..
43
103
lOiHi
97
239
lilib J-J
9634
i)&\
Au!i'04
9934 Oct '04
Dec '04
99^2 Jan '05
SUSpOca<feG gug48
& Dany See Soutii Kj
<& Vadk See SouUi H^
W SeeSoa Pacilii
Ohio prior
&N
Ig 3 HiS.1920 J-J
Baii<fc
Kegiatered
Gold 48
Kegiatered
Conv deb 48
/il925 Q-J
hl'Jib A-O
Iil^it y-J
1911 M-S
PJun€fcMDivl8tg3'a3l920
.VI-
.U-N
W Va Sys ref 4sl941
Bouthw DlT Isl 3
1925 J-J
PLE&
g
"28...
41925 Q-J
Mouon Kiv 1st gu g 5s..l91',i F-A
Ceu Oliio K 1st cg4'28.. 193(1 vi-s
Puts Clev&Tol 1st gCs 1922 A-O
Pitts & West I8tg4s...l917 J-J
J P M & Co certfs
Bal Creek & S See Micii Cent
iJeecli Creek See N Y C & H
Bellev <fe Car 6ee Illinois Ceni
Bklyn & Montauk See Long 1
Kegistered
Bruns
<fe
Buttalo
West See Atl Coast L
^ Y&
Erie
See Erie
<fc P gou K 58. ..1937 M-S
West l8tg48gu..l99>- A-O
Mall l8t gu g 58
1946 J-J
BuHaio
li
All<fc
Cl <fc
Kocli
& Pitta Ist
Consol lat g Os
g 6s. ..1921 FA
192l J-D
Bultalo ife Southwest See Ent
Bull 6e, .-susg ist ret g 4s.(il951 J-J
Bur Cedar K «& >;o Isl 58.1900 J-U
Con l8l&collru8tg5s..l934 A-O
Kegi.ttered
1934
CltIl!'<feiN Wl8tgu58.1921
M<fc
ist
List gu g 78
Canada South
lat us
A-O
A-O
1927 J-lJ
190t J-J
2d 68
191;, M-h
Uegistered
191;. iVl- b
CarU <fc bliawn See Ul Cent
Carolina Cent See Seab Air E
Carthage & Ad See JK Y C <fc li
CedKlaD'&^i
A«eBCK<fc^
Cen Branch U Plstg48...194^- J-V
Cen Brancli liy see Mo Pac
Ceu KK& BotGacol g 5s 1937 Nl-N
Cent ol Ua ttlt Ist g 58..}Jl946 F-A
Consol gold 58
I'.egislcred
lat prul income g os
2d prel income g 5a
3il iiref iijcomo !; 5a
1946 .VI -N
1946 .\1-N
pi 946 del
pl946 uct
yil946 uct
95
5€C Atl Coast Line
g 68 sor A../il908 .\-0
A-O
M-N
M-N
M-S
M-S
01911
1939
1939
1092
199
1940
J-J
J-J
J-J
Wl-S
M-N
A-O
J-J
1950 J-J
lien 312S...I950
€&
la
D 5s 1905 FA
F-A
J-J
J-J
J-J
1922
1949
1949
Registered
1949
Goul 4s
y7
\il K
Iowa Div sink tund 5s. .1919
I012 iS^t,
Sinking fund 4s
1919
Kebraska Extension 48.1927
1927
Kegistered
Southwestern Div 48
1921
Joint bonds See Great North
1913
Debenture 5s
Han <fe St Jos consol 6s. .1911
Chic& E III 1st si cur 6s. 1907
96^2 100^2
1934
1st consol g 68
102^2 105
1937
General consol Ist 53
"2
100 102
Kegistered
1937
94\ 9734
Chic & Ind C Ky Isl 68.1930
93»2 973(, Chicago <fe Erie See Erie
94«8 98
Chic ln& Louisv rel 6s. ..1947
Refunding gold 5s
1947
Louisv IS' A<fcClilsi6s.l910
C;hic Mil & St Paul con 7s 1906
1914
Terininai gold 5s
99 li 9912
General g 48 series A..el989
^1989
Registered
Generalg 312s series B.el989
9914 99^4
1921
ChiCife LSu Div g 5s
Chic & Mo Kiv Div 5s. ..1920
10634 io3''i
1910
ChiCife Pac Div 6s
96^4
9«'2^ov'04
97 Oct '04
99i4lan'05
112'2Nov'04
lol'-j 112
Chic& P
W
Istgos
Dak& Gt So g5s
F'ar & Sou assu g Os
Hasl<fe D Div 1st 78
93
J'ly'04
9734 Oct '04
lSl5s
I& D
Exten Ist 7s
Lacrosse & D 1st Ss
Mineral Point Div 58
So Minn Div IstOs
Southwest Div Ist 6s
Atlantic
Atlantic
Austin
Oliio
Gold 6s
125^Nov'03
U2«8Jan'04
lUi^Oct '04
1)8
&
.M-N
Q-.M
.M-S
A-O
A-O
iVI-N
M-N
45
104
10134
.
.
.
llTiaOct
131 10534 110
Apr'Ol
113 Mar'05
113 113
102iaApr'05
101=8 10312
98 Apr '05
97
981a
113i4Feb'05
113 1» 113 '4
95 "2 Sep '04
6 t4l4 tC34
85
85
81=8
82 14 31 801a 83
113
103
97
110'4
97
8412 85
82 Sale
1-.
122
Sale
.12138.
100
1081a
IO8I2
"i
106 14
.
185
114=8
1063,
_
..
_
..
117
117
111^4..
..
Ill
II3I4
1081a
11934
J-J
A-O
134
115
109 Si
178
Feu '05
Mai'05
UOia F'eb'Oo
U2ia 11234
137
Uoia
1091a,
1S7
1093j llOSj
113^8
112
109 Sl J'ue'04
9818 Jan '05
98
ig
!'8'8
1163,
116\
1191-..
lloi-a
110
111=8
117Sj
11238
116
112
II434 117
Aug'04
Mar'05
Aug'04
Apr'05
Mar'06
109 "e
116 'a Mai '05
106
A-O
A-O
M-N
M-N
F-A
M-b
M-S
M-b
M-N
M-N
F-A
M-S
J-J
11834 122
119Sj 1191a
120
120
11034 Apr'05
LI912
1191a Peb'06
Ililfcllll2 111=8 Mar'05
11712
II718 -Apr '06
11218ill3
112 Mar'06
1321a1I33
1371a J'iy'99
115'8
115 Si Mar'05
105=8 107 li
M-N
109
187
105 loo's
133 -. i38
Mar'05
Feb'05
la
100
100
3 107
108 la
11134 112
liei-i
.U-N
.U-N
J-J
J-J
M
100
136 136 i-s 135
114 78
115
10y=6
.185
llO^s
II212II334
111
99 12
J-J
J-J
A-O
M-N
M-N
M-N
M-N
M-N
M-N
M-N
MN
M-S
1
'04
10735,
»334 Apr '02
10434 Apr'OO
1021410212 10134 Mar'05
101 102
97 14
97=8 Sale
97=6 26 96S, 97=8
9618 Feb '05
9618 9618
107 14
10534 Aug'04
1IOI4 Jan'05
107^8
iio'ij iioU
101'8l04l4 103 =8 Mar'05
I03=t,l03"'»
10814 108-. IU8I4
203
108 14
106 14 IO8I4
107
106i2Feb'O5
106 100 Si
111
J-J
J-J
,
I0714
1063< 103
10934
116i«
112
FA
107 12 108i«
111 111
90 II8I2 120
107i4bale
J-J
M-N
102^
II312
135
135
122
122
1191a Mar'05
120 Mar"06
J-J
1
10334 1041a
10134
lOgia Mar'05
111 Feb '05
1191a 12c
J-D
,.
..
J-D 117%
I28iu
Q-F
F-A 104^8 loos.
F-A
M-N I0OI2.
Q-F
.
11234 115
105
107
1191*120
13434
A-O
A-O
A-O
A-O
136^4
134
133i4l35>a
104 la Mar'05
102
102
A-O
J-J
J-J
J-J
94 la 95
130
134 lb
115
lll34Mai'05
106 la Mar'05
J-J
J-J
J-J
J-J
J-J
J-J
iii
136
I3418
115
II2I4
loesg
J-J
J-J
Ao Low MigK
104
108 V Sale
-J
-J
Aince
January 2
I07I4 Aug'04
J-D
J-J
J-J
J-J
J-J
J-J
J-J
1916
1924
1910
1910
190>
1919
1910
1910
1909
1921
11234
113
135 12 136
134 la Sale
11334 115
1051a
,\rt-N
J-J
1921
Iliiili
Uarm»
;§-=
-i;*:
94 '2 Apr '05
104 F"eb'o4
102 J'ue'9'.l
100
.U-N
.U-N
95
9534
9412 96
96 NoT'04
Wis<fe MinnDivg58
103 Sale 102 34 103 14 169 10238 10512
MU&NolstM L 6s. ...1910
102'^ 103 Mar'05 "4 103
1041*
1913
Ist consol 6s
110 ^ noi-j
1916
105 llOK, Chic& A'^orthw tons 7s
93'-j
b
93 hi....
93 hi.
91^2 93 S.
1886-1926
Extension 4s
100^8 lUO 8 100 \ 14 9914IOI
1886-1920
Registered
50 92
92 ^ Sale
92 ''e
93
1987
93 ki
General gold 3138
90 ^4 J'ly'02
Kegiatered
pl987
107'3
105 S. Mar'U4
Sinking tund 6s. ..1879-1929
109
108 Sep '04
1879-1929
Registered
121 1'27
119 Mar'04
Sinking tund 5s. ..1879-1929
98
98
99
Registered
1879-1929
98^4
9S
100 Sep '04
1909
Debenture 5s
1909
Kegistered
1921
Debenture 6s
Kegistered
1921
1933
Sinking tuna deb 6.s
Registered
1933
DesMo&Minn 1st 7s. .1907
11912 Feb'05
llSHz.
Madison
.1905
Ist
6s.
Milw&
119Hj119 4
99
1910
North Illinois 1st 58
116
103 .\i)r'97
Ott C F & SI Paul lat 5a 1909
124
12612 Jan 'u5
126 '2 126'!'
Winona* St Pet 2d 7s. .1907
126^4
126 .Mar'06
12434 126
MU L S <k West 1st K 6s 1921
Exl& Imp 8 fund g58 1929
100 Sale
100
99
15 98 100
Asliland Div Isl g 6s. .1925
10212 103
I02I2.A.PI '05
101 1-2 102 >2
Mich Div IstgOs
1924
ll»'8l23 12i '2Mar'u6
20'-^ 12112
Convertible deb us
1907
i20'2Mar'o;s
Incomes
1911
111^.
112 "2 Sep '04
Chic Rock Isl & Pac 6s. ..1917
Registered
1917
103 -11 104
103=8
10334
General gold 4s
1988
10212 104
100
Registered
106 lu7
1988
106
'4
105=blO9
reiunding
1934
107
J'ly'04
Ist
&
48
g
105S
(Joll trust Series C 48 .. 1905
1910
H4s
1915
M^s
1910
N4s
1917
94 Jan '05
48
94
94
94'a.
1918
P4s
Ill
112
ll-J
CUiC K I & Pac RK 48. .2002
110 112
Remastered
2002
11934
120
12112
120 1211-:
115 '-2 11534 11534 1 1 534
1913
Coll trust gold 5s
113 11534
Choc Ok ifa G gen g 5s .ol'.UO
'ue'04
ll4Si 107
962
Consol gold 5s
94 bait
94
94
46 90
94
it 1<1 U 1st 21^8 ..1905
Des
7s
Sale
76
78 173 07
78 14
52I2
.VI
Des
Istos
&
1923
60^4
bale
613,
Keok
61
117
6212
Sale
Ask Luw
94=8
112
.vi-S
Wl-S
^j.
991^4
115=8
ilS^
5.S..1921 J -J
Denver Div 48
lUniois Div3Hs8
99
10034
sru
J-J
J-J
J-J
J-J
Q-J
Ist consol g 5s
Registered
General gold 4*28
Kegistered
ol $6 io X.
Craig Valley Ist g 5s
A Div 1st con g 4s. .1989
IOII2 101^2
2d consol g4s
1989
Warm Spr Val Isl g 5s. .1941
Greenbrier Ry Istgugis '40
Clue & Alt KK ret g 3s.. .1949
96
99i2Nov'04
99
Imp
Kegistered
Chic B & y— Ch
9738Feb'05
9634 Sale
9734
9939
12S
113
Ala Mid Isl gu gold OS 192t .M-N
Bruns<fe
lstgug4s 193^ J-J
W
>«
94^2 10.^12
142^4
1934
let gold 58
99
102 V lOH-2
964
97
II412
101 Hi bale
78.. 1930
68.. 1934
<te
April li
Bia
J-D
Hud K gengug5s 1920 J-J
Kailway 1st
105».jDec'04
1 03 "^ Dec '04
ISOSaJ'ly'Ol
120 Mar'OO
96
96
51.
Leh <& Wiiks B Coal 5s. .1912
Con ext guar 412S
,^1910
N Y & Long Br gen g 4s 1941
Gent Pacilic See So Pacific Co
K&
01 "-i Jan '05
l02'2Mar'0i
Mar'02
106
S
Atl Knox <fc NvT 1st g5s..l94t
Atlantic Coast Ist g 4s./i.li'5'^
Si
Dock
Le<fe
"-J
90S!lOll4
4:;
IO314 108
9 tlOO lOl^i
80 9334 90
lU(j4
trio's
Sale
FA
FA
East Okla Div 1st g
105
106 "s
133
133
Ches
IOOI4 469
9S>a
9534
Albany <&!
Series E
Series F
Series G
Series
Series 1
Series
S2
109'allO
At Coast Line
FA
FA
i-j
133
Mar'06
By
isusu ibee Del(& Hui
Allegheny Valley Hee Penn KK
AHeg ifc Weal See Butt K & P
Ann Arbor 1st g 48
A1995 Ij-J
Atcli T & S b'e gen g 48... 1996 A-O
Eegislered
1995 A-O
Adjustment g4s
ftl995 Nov
Registered
/il99 Nov
Stamped
/(199 M-^
Debeii lures 48 Series D.19oti F-A
105
fvirtav
Central ot <j?i—(Cont\nuea)
Chatt Div pur luoii si 4s. 1961
Macife XorDiv 1st g 58.1940
MidUa<fc Atl Div 68
1947
Mobile Uiv 1st g 58
1940
Cent ol .\ J geu'l gold 58.1987
Kegistered
A19H7
Am
104
105
132
Uniii'oad
Alabama Cent
Low High
ChasASav
95
1954
05
110
...
9lJ'4
ot Ixm:
Alabama class A
Class B5s
Class C 4s
...
"a
109
Foreijm dioveminent
Japanese Govt 6s 8terrg.l911 A-0
Bepub ol Cuba 5s exten
Hiyli.
N. Y,
1
WeeH's
A'auge or
Last salt'
i'rtcf
STOCK EXCHANGE
Week En'dinci April 14
Since
January
Lest Sale
BONDS
Sange
l3
Sange or
lYidav
April 14
N. Y.
104
IIH
183=8
113
100=8
111
109^8
i83=8
184"'
106=8 1U6=8
IIOI4 111
IO9I4 109^8
115 12 tl6'u
Dec '04
116^ Jan '05
1281* Apr'05
104 Si Dec '04
IIOI2
116»8
nOig
128
1291a
102=8 May'04
101
Nov'98
101
103
118
117
llOSz
107
106
104
II3I4
9912 101
118
Feb'05
118
118
117 117
IIOI2II3
Apr '06
Mai'04
Mar'05
Mar'04
Feb'05
10834 Jan '04
119=s Mar'05
iiai* Nov'04
ioi'ia ioJia
1121311314
117»4ll"»8-
103 14
100^
lOoia
1.04I4
lloia
130
12014
IS238 ...
IJ2I4. ...
101
Iu6
123=8
122 Si
106 12 Salt
96
Salt
100=8
9614
973b
971*
104S2 Nov'04
105 12 AIny'04
104 Is Mar'05
IIOI4 Mar'05
130 JMat'o5
II9I4 JSov'04
1421a Feb '02
131 la Jan '05
103 Apr '04
104^8 107
UO'^ iloi*
129 14 130
Sep '03
I2312 Mar'06
124 Nov'04
131
Si
122
Sz
131
la
109
126
107"
100 Sj 10634 15 10414
107 Jan '03
9539
96 380 953^'99V
10114
97
Sop
'04
J'ly'04
96 Maj'04
93 May'04
94 Dec'04
96 Sj
90 Ma)'04
8434 931
84
8118 86
84=E, Sale
70 12 Sep '04
94 le Sale
94
94 Sj 44 93S2 !<738
IIOI4II012 115 Mar'05
110 11534
114S2ll5'e 10378 Jan '04
'04
95 Sep
109 II034
109 109 12 1091a 109 S?
9634
AM.-iCEIJ,ANl<:olJS UONU.-S— Continued on Next i'oaeSlreel Kttilway
Brooklyn Rap Tr g 5s
1945 A-O
J.81 refuinl conv g 4s
2002 J-J
BkCity latcou 08.1910, 1941 J-J
Bki.eCo<fc Scongug 58.1941 M-N
Bklyn Liu El lat g 4-5s.l96( F-A
194'.i FA
KiugaCoKl Isl g 48
.blaiiipeil guar 4o
194'.' PA
Nas.tau Elec gu g 48
1951 J-J
City At, S Ky Ball Ist g 6a.l92'. J-D
Conn l:y<fe L l8t<fc rel g 4 'as '61 J-J
Cou
Co lat g 58. ..193.
Den Tram Co cou g 68..191I
MetUyCo lat gu g 68..191
Del United Ist con g 4Si8.193.
iionma Ky Co lat con g68..193o
lien
l
'I'r
AC
J-J
J-J
J-J
J-J
10 s IO9I2 112 Mar'O.")
108 Si 11234
89 la Sale
87 Si
89 Si 965 0314 SOS,
108 14 109-4 109 12 Nov'04
106 106 F"eb'06
i'o'o"' ioo"
Met
Lex
91
92
92
92
Si
I2
88 Si Sale
10034
II0I4
11034
no
11314
92
92
88
92
923.1
92
92
88 S.
87
93
96 14
91
98
10034
10034
.
95
1003,
J'ne'Oo
40
>-,
96
963^ Mar'O.'.
10!i
Mar".!,'-
953m 95 3t
A-O
u-s
FA
FA
WbKl(Clac) lMlg4s.l93»<
El Ky & L 30-yr g 58.1920
.Minn .St Ry 1st con g us. .1919 JJ
St Jo Ky Lt llitP lat 6s. 1937 M N
SI Paul City Cab con a 5«.l937 J-J
iidiTj-'rouiid Elec Kya of Loii
.Met
.Mil
!-•
91
117 la
96 Salt
II8I4
90
10
91
1
20
1
96^8
1 8 '4
i-i
Mar'06
96'.i
1
1
8
'4
Feb'o5
Oct 'O'J
1061a Nov'04
96
106
941*
120S»
07 ig
94'e
1 1 6 Si 1 1 8 Si
901a
117
90
96
97
100 14
i'o'i""
113
14
110
J'ly'o4
'.^
(ion Profit sharini; oa...l',)Oh
ioii^;
1
Thinl Ave UR con gu 4s 2000 J-J
Third Ave Ky Isl g 6u..l937 J-J
'•.
iioi* bale
K»tr«et Kiiit^vay
Ry—CCo?i;Kel' g 48
Av <fc P F 1st gu g 6s 1993
St
r-i)
Union El(Chlc) lHlgos..l94. A-(l
United KKs ban Krsl 4b. 192, AO
UniliMl Kya St L l.st g 4a. 1934 J-J
W (Jliic bl 40-yr cona g Ja. 193( U-N
99'h Sale
09'>4
109
89 '4 Sale
89=8 sale
Kett bl Ky gt)U col tr g 68.1997 FA
i'u'iai'/oiv
115't 115''8 116 s
^Ult^ nn<l Klectric XA^ht
Bway
lwayite7th Avlatcgos
119S.Api'ofi
„_ 194:^ J D 118Sj
II714 120S
Cou\« 9tli Avlslgu g 5».11)9 U-S IIH i'ioK 121 Apr '06
J-1
11938 1-J13,, .•\tliiiiia G L Co lalg 6s. ..194
'Mu price Friday; latettt price Uua week. aDuejan it Due Apr e Uuo .luy y i>ue ue /» i^uo ly
i>u«> .^ug oUae jct
89
100
Si l)>'i-'9;
89
'^
8918
89=b
99 Dec '9,
8714 "9'i""
85 1« syis
,
.
.>
/t'
^ i>ae .Sov
jiOpUoo aal*
J
..
Ape.
Bond Record— Continued— Page
15, 1905.]
BOND*
STOCK EXCHANGK
Week Endrjo April 14
Ohio & St L &e«AtchT&8aFc
N. Y.
& N O Set lU Cent
Pitts See Penn Co
M O con 68... 1930
Ohic St L
Chic St L
Chic St P
j-r>
to 3Hi8.193i)
Ch St P &
Nor Wi8consin 1st
St P cfe S City l8t g
68. ..1930 J -J
6s.. .19151 A-O
48. ..1947 J-J
Chicag-o Ter Trans g
Coupon oft
ChicA West Ind sens 6s 91932 Q-M
Mich See Pere Marq
Ohic <fe
Choc O & Gulf See C R I <fe P
Ctn H <fe D consol s t 7s. ..1905 A-O
W
sold
2(1
Cin
Cin
D&
I
1937 J-J
4'i2S
l8t fru K 68.. .1941
CTi K 4s. 1953 J-J
I
W 1st
<fe
L&
C C C & St L
Oln S & C See C C C St L
Mah -See B R A P
Clearfield
Clev Cin C & St L pen 2 48 1993 J-D
C
I
St
<::
Aprill4
hast Sale
Ask Low
W&
&
1990 M-N
Col Div
48. .1940
M-S
Ist g
VV Val Dlv Ist g48... 1940 J-J
C I St I. C consol 68.. 1920 M-N
....fcl936 Q-P
Ist gold 48
fcl93C Q-F
Registered
Cin S <fe CI con l8i g 58. .1928 J-J
W
&
CCCfc
consol 73
1914
Consol sink lund 78
1914
General consol gold 6s. 19D4
Registered
1934
Ind Bl <fe
1st pref 48.1940
I
J-D
J-D
J-J
J-J
W Istpf 5s...<a938 A-O
Q-J
W
Peo& East Ist con 4s. ..1940 A-O
O
135
137
94 14.
136
131
122
132'9Nov'04
1293, Mar'04
123'aApr'Oo
114»a.
97
95
116
135
93
.
.
.
.
Ind<fe
1990 Apr
01 Lor & Wli con Ist k 6s.1933 A-O
Clev & Marietta See Penn RR
ClevA Mahon Val ?58...1938 J-J
Clev <fe Pitts See Penn Co
Col MuUand Ist g 4s
194 J-J
Colorado <fe Sou Ist g4s... 1929 F-A
ColtuD & Greenv St* So Ry
Col & Hock Val See Hock Val
Income 43
113
118
10339 Sale
100^4
,
100 14
103 Sale
Apr '05
95
Feb '05
Oct
'00
Apr "05
9334
99 "i
I03»s
10034
Feb '05
10234
97^.
100
.
1U6«8
.
lom
10338
lOOSgMar'Oo
103
100 Oct '04
,
9934
13378138
Feb '05
9934
134
134
104'aNQT'Ol
,
98 «g Sale
78
114
98
99
77
781a
1121a Feb'04
119U.
1161a J'an '05
75I4
93^8
75 14 Sale
94 Saie
75 7^
94 12
98
73
100
84
alias
<fc
Waco
See
MK
<S>
T
Western 7s... 1907
Essex 1st 78.. .1914
l8t consol guar 7s
1915
Registered
1915
Istref gu g 348
2000
<&
24
76
N Y Lack & W
<fe
Syr Bing
130»4l31'<i 13078
130
Ist 68.. .1921 J-J
12939
1923 F-A
1923 M-N
lll-'4
Construction 5s
Term
M-S 10779.... 108 Mar'05
M-N 129 130»a 128iaB'eb'05
J-D
J-D
J-D
improve 48
&KY
Ist 78. .1906
Warren I st ret gu g 3 "qs .2000
Hud l8t Pa Div 78.1917
Del
&
A-O
FA
M-S
1917 M-S
& Sus 1st con go 78.190C A-O
Guar gold 6s
1906 A-O
Rens & Saratoga 1st 78.1921 U-N
Del Riv RR Bridge See Pa RR
Deny & R Gr Ist con g48.1936 J-J
Consol gold 41^8
1936 J.J
Improvement gold 68...1928 J-D
Eio Gr West Ist g 48. ...1939 J.J
Consol and col trust 48 1949 A-O
Utah Cent Ist gu g4s ol917 A-O
Bio Gr So gu See Rio Gr So
103»fc
107
102
Des Moi <&FtD SeeCR&IP
Des M &. Minn See Ch <& N
Pes Moi Un By Ist g 58., 1917 M-N
W
73*4
90>4
77
961a
102 Hj.
101 "tj.
14208
149 Aug'Ol
104 '4 Dec '04
106 "s Mar'05
142 la Mar'05
101 Vi 101
101
108
108 Feb '05
109 "v 109<aApr'05
99ag 100
9934
100
9134 Sale
90 Si
93 1«
i)7
104
110
Ist Uen g 4s. 1995
Gold 4b
1996
Det Sou Istg 48
1961
Ohio Sou Div Ist g 48... 1941
Dul<& Iron Bangel8t6B..1937
Registered
1937
2d 68
1916
Dul So Shore <fe Atl g 58. .1937
Minn SeeStPM&M
^Jast Ten Va <& Qa See So Ry
J-D
J-D
J-D
98
M-S
A-O
A-O
»2»9
J-J
J-J
101
100
12
923^ 141
1 30 "b 130^8
130 130
129412938
103
105
10634
1074
100
108
108
102
1094
110
984100
89
944
'04
Sep
'04
Apr '06
&
East 1st g 58.1941 Nl-N
EUnCort&No SeeLeh&NY
1947 M-K
1919 Jd-S
Krle Ist ext gold 48
2dextgold68
8d ext gold 4>28
1923
4th ext gold 68
1920
«th ext gold 48
1928
Ist consol gold 78
1920
Ist consol g fund 78
1920
Erie 1st con g 4s prior.. 1996
Registered
1990
181 consol gen Uen g48.. 1996
Registered
1996
Penn coll tr g 4s
1951
50-year conv 4s
1963
ButtK Y<fe Erie Ist 78.. 1916
Ball& S
gold 68
1908
Chic<& Erie Istgold 5s. .1982
Jefi RU 1st gu g 5s
(11909
Long Dock consol g 68.. 1935
Coal&RR 1st cur gu 6s. 1922
Dock<fe Imp 1st cur 6s. .191
A
W
M-S
A-O
80
81*4
9334
Mar'05
Apr '05
Apr '05
84
964
114
11434,
114 "a Mar'05
11141144
US'*
117i8Jan'05
11741174
J-D
MS
MS
J-J
J-J
J-J
J.J
F-A
A-O
J-D
J-J
M-N'
114 J'ne'04
11334 J 'ly '04
107 "a Jan '05
114 115 117^2 Feb'05
103 Feb '05
1041a
133»8
133 "a Mar'05
130 Aug'03
13mj
102 Sale 101 la 102
98 la Jan '04
93
93^1 93
9336,
88 Nov'04
94^8 Sale
9434
95
107 Sale 107
107
127H,
1261a Mar'05
105
110 Mar'05
I231.JI24 123 Hz Apr '05
10234
105 Feb '05
136I4 Mar'05
I34I4
108»2
A-O
A-O
M-N 11614
J-J
HI & Green L gu g 5s. 1946 M-N
W Y Sus & W lat ref 58.1937 J-J
2d gold 4i<2S
1937
General gold 58
1940
Terminal Ist gold 58. ..1943
Regis «5,000 each. ..1943
MidRRofN J lstg68.1910
108»4 112
114
18
113 116
117>2
II6I4
F-A
FA
,
,
104
10
10812.
10741074
11741174
1014103
133
137
100
10334
91
934
9414 974
9534 111
12641264
Apr '05
Deo '04
Mai'Oo
M-N lig^a.
U7 la Jan '05
M-N
A-O IO8I2I0918 108 la Apr '05
Wilkcfc Eal8tgug5s.l942 J-D 112
10y8Jan'05
Erie &. Pitts See Penn Co
12141234
105
105
13434
1364
117 117
II4I4II6
111
109
11741174
10841084
109'8 109^8
MISCEL1L.ANEOU!?*
and Electric Lijirht
Bklyn U Gas 1st con g 5s 1945
Buttalo Gas Ist g 5s
1947
Consol Gas conv deb 6s.. 1909
Consum Gas See P G & C Co
Detroit City Gas g 5a
1923
Det Gas Co con 1st g 58. ..1918
110
105
J'ly'04
13iaNov'03
Jan '05
17
16
M-N 117
A-O 664 70
<fi!
Wo price Friday;
January 1
1
6
101
114
.
Oct '04
Mar'05
Oct '04
116
Feb '05
11334 i'li'
116
A-O
10241054
90
91
100
cfe
H
cfii
W
L O <fe Tex gold 43 ...1953
Registered
1953
Cairo Bridge gold 48
1950
I<oui8villeDiv gold 3 4s. 1953
Middle DivregSs
1921
Omaha Div 1st g 3s
1961
St Louis Div gold 38
1961
Registered
1951
Gold 34a
1951
Registered
1951
Spring Div 1st g 3 48... 1951
Western Lines Ist g 4s. .1951
Bellev & Car Ist 68
1923
Carb&Shaw 1st g 4s... 1932
Chic St L &
O g 58.. .1951
Registered
1951
Gold 34s
1951
Registered
1951
Memph Div Ist g4s... 1951
St L Sou 1st gu g4s
1931
Ind Bl <fe West See C C C & St L
Ind Dec&
Ist g 58
1935
l8t guar gold 68
1935
Ind III <fe la Ist g 48
1950
Intdfc Great Nor Istg 68. .1919
2d gold 58
1909
3d gold 48
1921
Iowa Central let gold 58.. 1938
Refunding g 48
1951
JeUerson RR nee Erie
1144
1144
91
91
Sale
9934
984 Apr '05
105
10841144
85
105 4 Mar'05
100
100
91
1044 105 >a
696
1014
99
9841014
Mar'05
103
10534
llO's 111^6 11034
111
105 4J'ly'04
14 109
111"^
105
1074
105
1004 Apr '04
97
Nov'04
113
1134Mar'00
10034 103 4 102
Ang'04
94 Mar' 03
994 Oct 'OS
70 Oct '04
10739 Mar'05
102 Oct '01
10538Apr'05
101 Apr'04
106
105
106 4.
.
.
101^8
IO6I4.
.
.
123
814.
86
85
96
9514.
NoT'OO
Nov'04
Nov'9S
90
126
Feb '05
1234125
11934 Mar'04
93«8 May'04
.
9539.
108
102
954 96
1244 Apr '04
.
12678.
123
....
11041104
110 4 Jan '05
Nov'04
1034 103
10914
107 1*
100
106
Mar'04
107
4 Dec '02
100
1224
Mar'05
122 4Mar'0o
101
75
964
85 4 86**
96 Mar'05
101 4 Oct '99
10534
4106
9434
May'Oy
Jan '05
Nov'04
100
1064
12434
104
1064Mar'03
9479 Apr '05
964.
109
N
Mar'98
105
78
1154
99»8 100
121
100
1014 1014
774 Apr '05
7038
11539 Mar'05
85
86
714 Sale
71
1224
1034
81
1144 116
85
86
88
714 93
71
764
KalA&GB SeeLS&MS
an & Mich
K C Ft S & -M
See Tol <fe O
See St L
S
C
& F
S«eStL&SF
Se« M K & T
1950 A-O
63
N
I
AP
Knoxvllle & Ohio See So By
I ake Erie <fcW Istg 68.. 1937
i-t 2d gold 58
1941
North Ohio Ist gu g 5s.. 1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coll g 68.1997
Leh Val N Y lat gu g448.1940
Registered
1940
Leh V Ter By 1st gu g 68. 1941
Registered
1941
Leh V Coal Co Ist gug 58.1933
Leh<fe N Y 1st guar g4s.. 1945
Registered
1945
El C <fe N 1st g Istpf 68.1914
Gold guar 58
1914
1194 119
119
1144
1164 Apr '05
115 4 1204 120 Feb '05
1174119»4
112»gll64
109»8
11078
109 110
1084109'%
11879
1184
1104
113
99
lOess
1174120
109=8
111
11041114
111
105 Jun '04
117 4 Apr '06
109 4 Oct '99
11534 108 Dec '04
99 4 99 Jan '05
1174119%
99"
'W
1064.
104
& Hud B See Cent of N J
& Wilkesb See Cent of N J
Leroy & Caney Val See Mo P
.
Leh
Leh
Long Dock See Erie
Long Isl'd— lat con g 5s./il931 Q-J
Ist consol gold 48
Oct '00
1174
loe4Nov*04
1174
11741174
1174
101
/il931
101 10134
Vr. 1014102 101 Apr'05
105 Jan '05
105 105
M-S 1014
96
994 Oct '04
J-D
1014 1004Apr'05
M-S
1004103
110 J'ue'04
J-D II308
10134
Sale
21
10134
1014
io 1*4 1*0*334
MS
M-S 107
1054Mar'O3
M-S 104 14
YBcfeM Bl8tcong5sl93b A-O 1134
112 Mar'02
General gold 48
Ferry gold 448
Gold 48
1938
1922
1932
Unified gold 48
1949
Debenture gold 58
1934
Guar ref gold 48
1949
Bklyncfe Mont l8tg68.. 1911
1st 5s
1911
N
N Y & R B 1st g OS
1927 MS
NorShB 1st con ggu5sol932 Q-J
Louisiana & Ark Ist g 5s. 1927 MS
l^ouisv & Nashv gen g 6s. 1930 J-D
Gold 58
1937 M-N
Unified gold 4s
1940 J-J
Registered
1940 J-J
CoU trust gold 5s
1931 M-N
5-20-yr col tr deed g 48.1923 A-O
E <fc Nash 1st g 6s
1919 J-D
H
110
107 4ftep'04
109 NoT'04
1114
1054 Sale 104 4
121^8
1204
103
1054
1207a Apr'05
li94Feb'05
Sale
114
97 7g Sale
1144
10278 103
l0178J'ne'04
115 Apr'05
97 4
98
1144 Jan
'05
19
1044 105 '9
119 121
117 1194
10 1024104
11479115
48
974100'^
11441144
on Next Page.
180
J-J
F-A
1014 Sale 1014
131
117
69
I804
1014
105
J'ne'03
112
Nov'03
LacGa8LofStLlstg5s.el919 Q-F 1094
1094 1094
10841094
Milwaukee Ga.s L l.st 4s. .11127 M-N
73
924 Jan 05
60
92 4 924
17441874 Mnt Fuel Gas Co See Peop Gas
N Y G E L H A P g 5s. ..1948 J-D Ill
1114 Apr'05
110 1114
937,
Purchase money g4s...lU49 F-A
94 Sale
04
33 9378 9734
100 1024
Ed El lU lstconvg5s..l91l>M-S 10338 106 10334 Apr '05
103410534
l.st consol gold 5s
1995 J-J 118=8
118 4 Mar'05
11841184
1164117
J-D
F-A
F-A
MN
61 4 Oct '01
89 4 Apr '05
894.
10734
i"u"4
'.
A-O
A-O
A-O 1234125
Dec '00
109 4 Feb '05
100 Oct '04
.
NY<feQEl L&P 1st con g 5sl9;;o
N Y cS; Rich Gas 1st g 5s. 1921
Peo Gas & C lat con g 68.1943
Refunding gold 5s
1947
894
9134
10941094
F-A
106 4
M-N
A-O 1234
M-S 1074
ChG.L&Ckel8tgug5s 19 I? J-J 1094 Sale
Con G Cool Cli 1st gug 5s. '36' D 108 1084
Eq G <fc F Ch 1st gu g 68. 1905 J-J 1014 102
Mu Fuel Gas 1st gn g 58.1947 M-N 107 1074
Syracuse Lighting lat g 58. '51 J-D
iTenion G & El Ist g 5s. .1949 M-S
Westciiester Lip-ht'g g 58.1950 J-D
Mar'05
Mar'04
123 4
1084 Apr'05
106
100
105
12338
1233fcl274
108 41084
108 110
1094
1094 Apr '06
102 Apr '05
10834
10738
10738
108
1074110
1004102
1054107 4
100
11078 11 07g Mar'05
11041124
11141134 113 Jan '05
1114 113
latest bid and asked this week. aDneJan bDueFeb dDueApr cDue.May /iDueJ'lr fcDueAng oDueOot jDueDee aOptionsale
Ed El U Bkn Ist con g 48 1 939
•
117
66
180
J-J
<fc
KlecBergCocg68.1949
Gen Electric deb g 3 4s. 1942
Gr Bap G L Co Istg 68.. .1915
Hud.son Co Gaa 1st g 5s. .1949
Kau City (Mo) Gas 1st g 58 1922
Kings Co El L P g 08.. .1937
Purchase money 6s
1997
1
104^.
114
Sinee
a;(ic
iia» and Electric Kiglit
EdElIUBkn SeeKCoEL&P
EdElUSeeNYG&ELH&P
Eq U LN y 1st con g 5s.. 1932 M-S 1114.
Eq G Fuel See P G C Co
Ga8<fe
106
.
1144115
1999 J-J
Col<fe H V Istext g4s..l948 A-O
Honst E
Tex See So Pac
Houst&TexCen See So Pac Co
Illinois Central Ist g48..1951
Registered
1951
Istgold 34s
1951
Registered
1951
Extended Istg 348
1951
Ist gold 38 sterling
1951
CoU Trust gold 48
1952
Registered
1952
BONUS—Continued
<Jas
<Sj
NYNH
Kentucky Cent Se« L <fc
Keok & Des Mo See C R
97
114
Range
Range or
Ask Low
High No Low High
123 4 Mar '(15
r2341244
.
Greenbrier Ry See Ches & O
Gult&SIlstref&tg58 61952 J-J
Han & St Jo See C B & Q
Registered
95
70
90
114
.
1921 Q-J
Registered. A
KC&MR&B
Kan
1;^a«toI
Elgin Jol
J-J
W
10441064
14241424
123S8
10534
J-D
J-J
C & Pacific
Kan City Sou 1st gold 38.. 1950 A-O
Sep
96
II418 114
IIOI4
1284 1284
Jan '02
951a
9S^
108
Feb '03
13334 Mar'04
DetM&Tol Se«LS<feMSo
Det& Mack
Mar'05
Mar'06
13438.
Registered
lb
1307p
Jan '06
12938 Mar'05
114iaJ'Iy'04
10334 105
10434
J
N
lieiallOia
W
Moms<&
w
Registered
Feb "05
134
Week's
Last Sale
cSj
ousatonic Se^
114>4
134^3.
M
lint
A-O
A-O
A-O
Hock Val l8tconsolg448.1999 J-J
Nov'04
112
1
98'^
98i<
9934
14 ^ Apr '05
123 Dec '04
114
124
r
J-J
W J-J
94I2 Aug'03
105 Jan '04
100
68.1921
1942
Istgeneral gold 58
Mt Vernon Ist gold 6s.. 1923
Snll Co Branch 1st g 5s. 1930
EvJfc Ind 1st con gug68..1926
L^argo & So Se« Ch
& St P
W
W&
98'al0036
13 100^8 103 7e
Pnce
Fridav
April 14
Bid
A T H Ist Cons
Pere M See Pere Mar
8611 99
Fla C <& Penin See Sea Air Line
8438 9714 Fort St U D Co Ist g 448.1941
116 116
Ft
& Den C 1st g 68.... 1921
Ft
RioGr 1st g 4s... 1928
> al Har & S A
See So Pac Co
I
' "Tal H & H of 1882 1st 5s. 1913
Georgia & Ala See Sea A Line
117'all9
Ga Car & Nor See Sea A Line
20 98
991a Georgia Pacitio See So Ry
Gila V G <fe Nor See So Pa« Co
Gonv & Oswegat See N Y Cent
Grand Rap & Ind See Penn RR
17 101
104
Gray's Pt Term See St L S
10034 10034 Gt Nor— C B & Q coU tr 48 1921
123>al25i-,i
Col Conn & Term See N <fe
Conn <fe Pas Rivs Ist g 48.1943 A-O
Dak & Gt So See C M & St P
Del Lack
STOCK EXCHANGE
Week Ending April 14
N. Y.
Jom,uary 1
Dec '03
1041a Dec'03
98
98
llo 119
99 "^ Sale
<fe
Repristered
Since
a; CO
BOM)»
Jiarige
High No Low High
ii«e
193t< J-J
Cairo Oiv 1st gold 4a
M Divl8tg4s.l99] J-J
Cin
8t L Dlv lat col tr K48..1990 M-N
8pT
'S-w
Evans
J-D
Minn Istges 191S M-N
Cons 68 reduced
Wesie's
Range or
Bid
<fe
<fe
Price
Pridav
1411
2
J-J
94
97
1264 Mar''o'5
964 Oct '04
i25""'
i27*'
—
j
Ask Low
liia
llOU
131%
12634
Pensaco la Div gold 6s . . . 1 9 2 U M.S
1921 iVI.S
St L DiY 1st gold 68
1980 M-S
2d eold 33
112
121
Hender Bdselstst £r6s.l931 M-S
Kentucky Cent gold 4s. .198 J-J
L& N <fc M c& M 1st g 4 i^s 1945 M-S
ioint
13134 13034 Feb '05
128^ 126 S2 Feb'u5
11638 Mar'02
122 Apr '04
75 J'ne'02
114
UO
108
96^
48.1952 J-J
115
115i«116
115
1910 A-0
Sink tund gold 6s
<fe Jelt Bdge Co gii g 48. .1945
104^4
110
Mahon Coal
ManSW
Minn &
.See
Mar'US
Mar'03
9S58 Oct '04
"4
J-J
7734 Salt-
J'ly
J-ly
"2414 Sale
77%
15%
'05
Ch M
<fe
17
14
ir
95 5f
U5
94%
98
Mar'05
90%J'Jy'0]
M-S
May'OO
105
J-D
142
112%
111
lion's
122
Felj'Ou
113^4
11 3 14
Mar'05
Miu '05
116
118
100^4
J-J
»a
117
95% Sale
St L gu &ee B C R & X
95%
101% 101
9988
J-J
& Wa
KanC&
K&
MK&
MK
&
95%
101%
107
91
107%
Sale
10»»4
106% 107
126%
107
Sale
111% Jan '05
108%Apr'05
106% lOoS.
107% Feb '05
111
85
107%
10334
Si
....
127
110
124
120
96% May'04
105% Mar'05
105 1^1'!:)%
119% Mar'05
117%Apr'0
11334 Jan '02
lis
107^ Feb '0
104% 1041-..
101
Mar'04
13134
Apr'
li:-%
117%11958
107%]07%
104
106
101^8 Nov'04
103%.
10334
104
103% Jan '05
Apr'05
1253(1
125'\
123
107
107 14
10634 11038
....
....
108
11438
110%
95 14 98
104% 110
103 104%
116%U7'4
116%119
104% Apr'05
Mar'05
118
10934 Oct '03
117
118
96%
1251-2
107
95 14
95 14
110 Mar'05
9534
9638
9634
94
9638
95% 98
lll%Mar'04
,
93I4 Apr'uo
93%
98% Sale
96%
129 Sale
124 12434
98 Sale
114
96
100 "4
98%
Feb '05
Feb '05
101
Nov'04
9314
9314
96%
98i<2
,
132^4
12 10314 196-<B
103% 103%
132=8
13234
111% 111%
133% 13.-;%
10 13258
129%
132% Dec '04
101 14 47 100
101% Sale 101
13-34,
,
Registered
1996
Div'llstl&geng48...1944
Pocah C & C ioint4s..l941
104'%
9934 J'ne'04
98%
96% 97109^4 ....
*10234 104
W
North Ohio See L Erie & W
Nor Pac— Prior lien g48..1997
Registered
1997
General lien gold 38
o2047
Registered
a2047
St Paul-DiU Div g 48.. ..1990
Registered
1996
O B & Q coU tr 48 .See Gt Nor
P gen g 6s. ...1923
Registered certitic's..l923
St Paul & Dul 1st 58.... 1931
2d 5s
1917
Ist consol gold 48
196i5
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s.. 1933
Ry
Cal
See
So
Pac
Xor
StP&N
99% Iilar'05
96%
97H.
Si Feb '05
109
103
97
95
100
102
103
97%
109% 10^1%
103
105% Sale 105% 10534
103 105 104%Feb'05
77% Sale 76%
77 If
75 Feb '05
104
Mar'05
100
101
Mar'05
126
12658
100^4
100
.
12538
ilOH,
11334
10734
126
132
,
100 101
92 -2 Sale
116
Xor Wis See C St P M <& O
122 12434 Xor <fc Mont See N Y Cent
See C C C & St L
97% 99
OInd &
129
124
98
129
124
98
114
95
133%
New River 1st g 68
1932
N & W Ry Ist con g 4s. 1996
111%
111% Feb '05
Jan '05
112
106
109%
107% 107%
CC&Tlstgug5s
1922
104% 10838
Scio V & N E 1st gu g 4s 1989
105% 107
North lUmois See Chi & N
10838
112%
J'ly '99
J'ly "03
10734
Apr'05
lOOW
lnO'4
921-2
921-^
10.-,%
76% 7s
75
7.;-'4
10734 luy
99% 101
92%
115 116%
9ji-'
Jan '05
116
,
10434 10634
l'..6'2l29
W
11334 115Se
95
95
hio River RR 1st g 5s. 1936
General gold Ss
1937
Ore cfe Cal See So Pac Co
Ore V-Vi & Nav See Un Pac
Ore Short Line See Un Pac
118 % Feb '05
113 % Feb '05
112-'4
111
Oswego & Rome See N Y' C
O C F & St P See C <& N
1940 J-D
pac Coast Co 1st g 5s
W
ac ol Missouri See Mo Pac
Panama 1st s fund g4%8..1917
114
1147s 114
118% 118%
11314113%
114
1133,115%
103
102% 104
JL
J-J
122%
A-0
I1414II5
J-J
J-J
J-J
120'8
11634
iiai^
121%Pob'05
114% Apr '05
119 Jan '05
105%
J-J
A-O
81
120^8 121'8
114% 117
119 119
117^4 117%
117'4Mar'U5
113
J'ly '04
L04
Dec '04
81
Sale
81
New 11 D .&-ee K Y X H & 11
NJJuncKR 6'6«NYCeut
New Cin Bdse See Penn C(>
A-0 115%118
NO&X E prior lieu g 6s 2>1915
N Y Bkln Man Boh See L 1
N Y Cent & 11 Riv g 3'os.l997 J-J 100 10034 100% 100%
44
83
8i
<fc
9914
100^4
J-J
J-D
J-D
100
1 01
101
Ml-X
9958 10034
100
99
99
Mai '05
Dec '02
9934
May'04
"^4
S-
100%
10034 101^4
99%Nov'02
M-X
'91
F-A
F-A
F-A
F-A
Beech Creek Ist gug 48. 1936 J-J
Registered
1936 J.J
2d gu gold 68
1936 J-J
Beech Cr Ext Ist g 3128 61951 A-O
Cart& Ad Istgu g 48. ..1981 J-D
Cleari: Bit Coal Ist s 1 4s. 1940 J-J
GouvcfcOswelstgugSs 1942 J-D
»8
Sale
90
Ol"-.,
91^8
9934
93
90
90
89
00^
89%
91V;
9934
89
89
91% 90%
90
89
Apr'05
107 ^.
107%Feb"05
104%.
102
Mar'04
95
Apr "02
110
89 34
106% 107 Hi
.
.
92
C St L cfe P
<fe
1st c^j g 5s.l93'2
E
W
guar
guar
4s guar
3% guar g
MISCEMiANEOUSJ BONDH—IJontinue*!
.
11434
.
94
94
97^6
983*
10S%Aug'03
94%
.
1I2'4
.
U2i2
.
194'.
1945
1949
C 1st 78... 1912
1912
Apr '04
114%114%
U4%Jan'05
112%
113%.
104%.
1942
Nov'OO
9634
.
106
Jan '04
96
102
94%.
112'-2
110 Aug'Ol
104 Oct '0.1
.)3%Mai'05
127 »8 Oct '02
121 Mai'04
119 Apr'Ol
112%
11334
9318
9379
'•J
93 "8.
11658.
11608.
Ft
&
2d78
/il912
3d 78
Penn RR Ist real est g43.1923
Consol sterling g 6s
1905
Con currency 6s reg...yl905
1919
Consol gold 5s
1943
Consol (iold 48
1912
Convertible g 3%8
Pitts
116
10038.
99 Ss.
PCC<fcStLgu4%sA...1940
B
C
D
31
1932
C Bdge gen gu g 4%s 1945
Series
Series
Series
Series
110'78lll%
106 106
,
CI & Pgeu gug4%sser A.'4'2
Series B
1942
Series C 3%8
1948
Series D3%s
1950
Erie& Pitts gug3%s B. 1940
series C
1940
N
10212
102 Apr '02
IIII4 ill Apr'05
.11038 106 Jan '05
102 Nov'98
93
94 Mar'05
985,
98% 9834 98 Sg
117 '2
118 Oct '04
gu g 3H?8.1916
certif's
Registered
cfe
103%
Sink fund subsidy g68..1910
Penn Co— Guar 1st g 4%s.l921
Registered
1921
Guar 3%s coll trust reg.1937
Guar3%scoll tr ser B...1941
Tr Co
<fc
107%,
Feb "05
107
114
111
>2
106
106%
105% Sale 105
,
106
107
Sep '04
Aug'03
IO51 123 103
107
on Next Pane
TelcRmpli nnd Tolcphono
J-J
55
M-N
111
10434
F-A
FA
FA
FA
90
A-O
87
751.2
Doc '04
90
891.2
A-O
J-J
112
11134
Bale
103%
'
97
103%
1
02
Jan
1 1
'05
1
••>4
Dec '03
1031.^
Iron Co»l<S:Co l»t g 58.1949
90%
90 % Sale
90%
price Si\ia,y, Utest bid »u<l a«ke<l Uiia week, a i>ae Jui
N Y
T
<fe
<fe
N
96%
96%
T col tr g a f 5«..1926 r^
1918 M-N iVi%!;i"!
T Ists g5s
I
J Tel gen g 58.. 1920
.ManulacturioK Sc
106% Feb "02
Oct '00
98 15
98%
Erie
MetTifc
J-J
let g 48. .2397
M-N
98%
100
110%111
11034 112
86="
Apr'05
97
98
Dec '04
Oct
'99
J'ne'04
10514 J 'Iv '03
1113811134 lilt's ni-^s
106'4
10»34
10034
loit-'4
no%iiiSi
10458 107
110% 110%
1 10 14 Mar'05
103 J'ly '04
IniluHii-ial
1915
Am Cot Oil ext 4%r
Am Hide & L Ist 8 g (>».. 1919
Am Knirils Mfg lslg68..1915
Am Thread Ist col tr 48. ..1919
Am Tobacco 40-yr g 68 1944
t
Q-F
M-S
M-S
J-J
100
963*
96
8H
115
Snlo
98
100
98
0434
877b
SaUe" 11434
74%Sale 74
81% Sale 81 >4
A-O
1951 F-A
48
103%
18.1951
F-A
TobaccoSO.yrg
Consol
93 %
^'*>^
^'^
^u«
^ne
>^
Uue
i>ue
i»'eb
•
A»r
6
9
V ^ae
103
98
92
109
Itl4'2
Northw Tel gu f 4%8g..l934 J-J
106
98%
& Tel coll tr 48 1929
75% 75% West Union col tr cur 58.193« J-J
F<1 and real est g 4%s...l950 M-N
Mut UnTel « fund Os... 1911 M-N 109
May'97
102% Oct '03
lloSi 111
MS
21
106%
107
J-J
J-J
FA
102
85
84
Apr'05
75%
107»»
Telep
Comni Cable Co
102% J'ly '04
J-D
1926 J-D
J-D
Am
Nov'OO
107% Oct '04
104% 104'-;
00 Feb '05
87
76% Sale
75% 80
Kan<& HC<&Cl8tsfg58.1951 J-J
Mo
10534 106
104
108
1047g 10834
102
Monongahela Riv .See B & U
Mont Cent .See St P M & M
Morgan's La & T See S P Co
Morris & Essex .S'ee Del L & W
Co gu g6«.1910
124
120
See Erie
95I4
9534 Bale
9658 Sale
M
I
Jan '03
tfe
9438
107
117%....
117 118
1938 M-S
M
115%.
117%.
1937
87
10^% 108
97
Ist g 5s. .1947 F-A
St D & Cairo coll g 48..el930 Q-F
1931 J-J
Guaranteed g4s
& O coll 4s See Southern
Mohawk & Mai See X V C & H
DeBarCA
75
103
<fe
91
91
105 14 Dec '04
95 Mar'05
108
10434
Montgom Div
V
Nov'03
121
139
X"^
102
863^
107
107
107
1st extension gold 6s. .741927 Q-J
Pleas Val Coal Ist g g t 68.1928
Tenn Coal gen 58
1961
Tenn Div Isl g Os
ol917
Blrm Div Istconnol 6H..1917
C»h C
Co Ist gu K 68. 1922
101:4
100%100'8
106%Nov'00
RW<feOTBlstgug5s.l91S
Utica & Blk Riv gug 4s. 1922
Chic
St L 1st g 48.1937
87% N'or* South 1st g5s
1941
Nor£<fe West gen g 6s
1931
91%
Improvem't<fe ext g 68.. 1934
86
108
106%
W
2d gold 5h
100
<fe
Nov'Ol
103
95
112
108
Oklalstgug5s...l943 M-S
1906 M-N
Missouri Pacilic 3d fa
1920 M-N
l8t consol gold 68
Trust gold 5s stamped. al917 M-S
Registered
al917 M-S
1920 FA
1st coll goldos
Cent Br Ry Ist gu g 48.1919 F-A
Leroy&O VAL,l8tg58 1926 J-J
Pac R ol Mo 1st ex g 48.1938 F-A
2d extended gold 5s... 1938 J-J
St Li Ir M& Sgen con g 5sl931 A-O
Gen con stamp gtd g 58 1931 A-0
tJ Hilled & re£ gold 4s.. 1929 J-J
Biv& (i Div Ist g4s.. 1933 WIN
1st g 5s. 1926 M-S
Verdi V I &
Mob & Birm prior lien g 5s 1945 J-J
1945 J-J
Mortgage gold 4s
Mob J & K C Islconsgos.lyoM J-J
Mob <fe Ohio new gold 68. .1927 J-D
C& I Ist g 58. 1926
107% 109%
cfe
Mar'05
101^4 102
85^4 86'4
108%
Tex&
Jeff <fe Clear
6
10034
9934 1007,
NY<fe North 1st g 5s. ..192
R Wife O con I8text5s.ftl922
Oswe & R 2d gu g 5s...el915
Greenw Lake
107
141 10034 103%
101
3
103% Mar'Ui
103% 103%
Sale
10614 J'ne'04
<4i
103
25 108% 110
cfc
1st g 4s.. .1990 J-D
gl9i)0 F-A
2d gold 4s
1944 M-N
Ist ext gold 5s
2001 A-0
St L Div 1st ret g 4s
1st gu g 58... 1940 M-N
Dal
Pac Ist g 4s. ..1990 F-A
E let gu g OS. ..1942 A-O
Mo
194-2 Nl-X
Ok 1st gu 58
<fe TolT Ist gugSs. 1942 iX-S
Sh
So
1st
gu
Sher
g 5s. 1943 J-D
ConI and Iron
Col C <fe I Dev Co gu g 58.1909
Col Fuel Co gen gold 6k... 1919
Col F <fe I Co gen h t g 58.. 1943
Convertible deb g 58
1911
Trust Coctfs
Col InduslHlcouvSsgn A.1934
Contin'talC Istsf gu58g.l952
Gr Riv Coal <fc C l8tg68..19]9
.
108
Har See N Y C & Hud
X Y Lack & W See D L & W
X Y L E W See Erie
NYJiLongBr See Cent of X^ J
N Y N E See N Y N H & H
111
in=8 New York New Hav & Hart^
122 122
Housatomc R con g 5s.. 1937
113^4 113^4
N H & Derby con g 5s. .1918
117 11734
N Y&N E 1st 7s
1905
95% 98'6 N Y & X'^orth See N Y C H
N Y O & Wre£lstg4s..srl992
99 101%
Regis «5, 000 only
^1992
N Y Put See N Y C & H
Y & R B .See Long Island
N Y' S & W See Erie
100% 102
N Y Tex & M See So Pac Co
J-J
Mo Kan& Tex
1997
Registered
1890-190D
Debenture g 4s
1890-1905
Registered
1905
Debt certs ext g 43
1905
Registered
Lake Shore coll g 3 Vs... 1998
Registered
191)b
1998
Mich Cent coll g3i23
1998
Registered
K
M iir'Oo
109''oApr'04
124 Feb 'U5
120 Mar'05
NY
NY
Dec'03
Jan '05
140
McM M W &
&
&
100% Feb '05
1
121%
Registered
llign.
<fe
L 1st gold 7s.. 1927 J-D
1st gold 7s
1909 J-D
1st gold 6b. ..1921 A-0
South West Ex 1st g 78.1910 J-D
1934 AI-N
Ist consol gold OS
1st and refund gold 4s. .1949 Nl-S
Chat Je St L Ist 78.1913
1928
1st consol gold 5s
Jasijer Blanch 1st g 6s. .1923
Ai 1st 6s.. 1917
1917
T P Branch 1st 68
Shel: .See L cfc X
Kasii Elor
lien
4128.1926
prior
Natot Mex
1951
Ist consol 4s
109 '8
09
101
1931
1931
N Y
.\I-S
Ex
Nash
79
%
10934
128
117
IO9I4
1940
1940
J L & S 1st g 3%8
1951
let g3>-2S
1952
Bat C <fe Stnr 1 St gu g 3s 1989
N y <fe Harlem g 3%8...2000
Registered
2000
76^4
22% 20%
W
St P
M St P & S S M con g 4 int gu '38
M & P Ist 5s stpd 4s int gu 1936
gu 1926
M S S M <& A latStg P4 int
M <&M
Minn Uu See
73^3
75
24'4
24 h
16 Apr '05
A-0
FA
79
Jan
75
105
Mat'05
109%
1934
McKees <fe B V 1st g 6s 1918
Mich Cent 1st consol 68.1909
Registered
4s
Registered
104
106% 108
High No Low
J'ly '00
Oct '02
100% 101
10134
McK & Y' 1st gu 6s. 19;
5s
104
"2
ioi
124%
122%
132%
.
St
General gold 48
Pitts
104% 107
108
108
J-J
J-D
Iowa Ex
<fe
97
II5I4
109';
.1091.
lol
2ilguar6s
104% Apr '0.")
104 Apr '05
104% 105
A-0
A-O
Pacific
Minn
2361
1997
1997
Debenliue g 48
1928
Det Mon & Tol Ist 78.1906
KaA&GRlstguc 5s. 1938
Mahon C'l RR 1st 5s. .1934
Itegistered
112% 113
II6I4 116%
W
W
Xorth
96
113
9634
Mar'05
105 H;
107
105
106
98^4
109
Registered
C
anhattan Rycousol4s.l990
1990
Registered
1908
Metropol Kl 1st g 6s
1934
Coloniz g 5s
McK'pt & B V See N Y Cent
Metropolitan El See Man Ry
Mex Cent consol gold 48.. 1911
1939
Coupons oil
Ist consol income g 38.al939
2d consol income g 3s..ol917
1919
Equip & coll gold 58
1907
CoUtr g4>^s 1st Ser
Mexlnternat Isi con g 4s. 1977
1977
Stamped guaranteed
1910
Mex Kortli ist gold 6s
Mich Cent .See N Y Cent
Mid ol X J See Erie
.See Cliic & N
MU 1, S &
Mil & Mad See Clue & X
98
102%
Since
Januari/ 1
or
Last Sale
104%
Lake Shore gold 3%s
98%101i4
no 110
Range
Ask Low
Bid
Range
Week's
I'rice
Fridau
April 14
Nor & Mont 1st gu g 5s. 1916
West Shore Ist 4s gu... 2361
112% Mar'05
99
I & L
See hS&HS
.See
BO.NDS
N. Y.
cfc
Feb "05
9634
llO^s
113
Vol. lxxx.
3
STOCK EXCHANGE
January 1
Week Endlng Aphil 14
Ao Low High, N Y Cent K R (Continued)
109 109
Moh & Mai 1st gu g 48.. 1991
130% 13034
NJJuncR gu 1st 4s...l9Si;
126% 126%
N Y & Pu 1st con gu g 4s 1993
113 Nov'99
10114 Apr '05
100=8
cfc
Jiig'i
Mar'05
109
N Kla& S Istgrug5s...l93" F-A
Pens & Atl 1st gu g 68. .1921 F-A
X Ala con g-u g 5s. .1936 FA
S
L
L N A & Ch
Uanijt
Since
or
Last sale
(Contiim^a
ifc NashT
LCln & Lex pol(14'2S.. .1931
193U J-J
X O <fc il 1st erolil (is
193U J -J
X O <$5 J[ 2d sold 6s
M
Range
?'rid.afi
LoniBV
N-South
Week's
frice
STOCK KXCHANGE
Wkek Endino Aprtl 14
N. T.
MU &
—
Bond Record— Continued— Page
1412
Life
—
1
bale
Hm
100
98%
95
88
15
997gl01
5
97
(1
9434
100%
!*7
20 h7% 89 1<
115% 362 110'4ll8%
777,
71
743, 469
84 4
82
39 74
* Option
sale.
—
ApK.
Bond EeCOrd
1905,
15
J
BOMJi?>
STOCK EXCHANGE
Week Ending apeii. 14
(Continued)
JPeiJii KK
K. Y.
Week's
Mange
Range or
Since
Januarti 1
Last Sale
No Low High
109 14....
99 ....
110
Jau'05
ir6"'ii6"
gug 4^128 1941
11034 ....
10834....
111
111
108i4M!U'05
111 ill
IO8I4IO8I4
KK & Can gen 48.1944
llO^e....
110>2Sep'04
12378....
123 '8 Jan '05
101 J'ly'04
109 Apr '02
119^.
119Vi
Ilyi2l23
113'2Mar'05
112
GrR&
ex 1st
I
1st g 4s..lS)43
W1st
g 4s. ..1936
PhLlaBal&
Sun & Ijewis
J
IPensacola
liiO
Atl See L <fe Nash
Peo <fc East Hee C C C <& St L
Peo <fe Pek Un 1st g 6s....l921
i)1921
2d gold 4128
ba 1921
Pere Marq— Cli<fc
192U
ilmt cfe P
g 6s
1939
l8t consol gold 5s
Pt Huron Div lat g 5s. 1939
SagTus<fc H Ist su g 4s. 1931
IPbil B & "W See Penn
Phila & Beading cous 7s. 1911
Pine Creek leg guar bs... 1932
Pitts Cm & St Li See Penn Co
Pitts Oleve & Tol See B & O
See Penn Co
<fc CU
Pitts Ft
1922
Pitts June l8t gold 68
Pitts & h Erie 2d g 5s...al92^
....
loo
WM
106 Si
10634
U9Wj
114
113
BR
126
H&
NW
&
1938
Guaranteed gold5s
Ore <fe Cal Ist guar g 5s. 1927
S
A Pass 1st gug48, 1943
SoPof Argul8tg68...cl909
cl910
1st guar g 6s
1905
S P of Cal 1st g 6s
1905
1st g Os series B
Ist g 6s series C & D...1906
121
See
B R
99 "2 Salt
109
*74
Rome Wat & Og See N Y Cent
1941
Rutland 1st con g 4'ijs
Rut-Canad 1st gu g 4s. ..1949
Tus & H See Pere Marq
Sag
tJo&Gr Isl Ist g 4s. ..1947
St Law & Adiron 1st g 5s.l99ti
1996
2d gold 68
St L <fc Cairo See Mob & Ohio
11712 120
108
li)0
100
99
lol
109
75
89
Apr '05
93
Virginia Mid ser
Series D 4-5s
Series Eos
General 5s
95
W
A-
A-
St Louis So See Xllinois Cent
l8t g 48 bd cti:8.1989 M8t L B
2d g 48 ino bond etfs...i)1989 J1932 J.
Ccasol gold 4s
W
Gray'»PtTerl8tgug58 1947
StPaul&Dul jSee Nor Pacific
M
EMinnlstdiv Istg5s..l90» ANor Div l8t gold 4s
194t A
Minn Union let g 68
1922 J.
Mont Ist gu g 6s
1937 J
Registered.
1937
1st guar gold 58
1937
gold58..193t
1st
St P & Nor Pac See Nor Pac
St P <fc S'x City See C St P
<£;U
Salt LakeC Ist g st 63. ..1913
WiU&SF
104^8
10434 Apr'05
'10434
104 ig Feb '05
129-'8l30's 129 12 Mar'05
115
117''.
10034
102
90^8 Sale
1261^1
,
8934 Sale
10458 10434
104 10438
129 "2 13012
112i-m6
Mar'05
Mar'05
98S8Nov'04
116
9934
9934
9188I4 92I4
90'8
91
96 r,ec'04
"4
'06
126 Jan
12614 12614
8934 141
89
88^4 92
100
99^2 Sale
8634
8418 Sale
9914
9934
98I4IOII2
86^2
84
Mar'05
86
83
8418 J49
107=8 110
110^2 Jan '05
I3512I40
136
140
112
111
SF6Pres& Plilstg5s...l942
S A
A P See So Pac Co
M
A& N Wist gugos. ...1941
Cent Pac Ist
Registered
ret
gu g 48
194ti
194'.|
guar8old3'<28..A:192'.
8OI2
111
S4i»
W
IVI-S
J-J
J-J
J-J
A-O
M-N
M-N
M-S
M-S
M-S
M-N
M-N
& N Ala See L & N
Spok Falls <fe Nor 1st g 68.1939 J-J
Stat Isl By Ist gug4i2S..1943 J-1)
Syra Bing & N Y ,See D L <fe W
'perA ofStL 1st g4i2S.. 1939 A-O
± 1st con gold 5s.... 1894-1944 F-A
Gen refund
s f
g 4s
1953 J-J
58.1930 A-O
StLM BgeTergug
Tex & N O See So Pac Co
rex&Pac
1st gold 5s
2dgoldinc5s
LaDivBLlstg
5s
2000 J-D
9200O Mai
1931 T.J
WMinW<fcNWl8tgu5s'30
13434
118^4
119*8
Jan '05
Dec '04
118>«Peb'05
,
Jan
117
,
M
W
gr g 48...1947
1947
1911
Registered
1911
'10434 i'oi^*^.
Ore By & Nav con g 48.1946
Ore Short Line 1st g 6s.. 1922
Ist consol g 5s
1946
Guar refund 4s
1929
135 135
Utah & Nor 1st 78
1908
Gold 58
i'i'8'i^U's'ii
1926
Uni
J RR & C Co See Pa RH
Utah Central See Bio Gr Wes
Apr '02
128
135
FA
1st g 5s
1935 J-J
Western Div Ist g 5s. ..1935 A-O
General gold 5s
1935 J-D
Kan<fe
1st gug 4s.... 1990 A-O
Tol P &
1st gold 48. ...1917 J-J
UnPacRR&
1
Registered
ist lien convert 4s
N
'04
Week's
Kange or
Bid
^
9^
Ask Low
Range
Since
January 1
Last Sale
Utah No Low
11134....
112
112
113 Deo 04
99I2
99 100
100
127 12 Feb '02
129
129 12 Nov'04
12138
122 Dec '04
103 14
106 Sep '04
"2
104
113 Jau '01
103 12
102 Nov'04
90
9012 9018
903^
108 14 Sale IOS'4 108 ^
10634
1093^ Jan '05
1003^ Oct '04
98 Hj....
102 14 Mar'05
102 12....
104 12 Dec'04
lllSj ....
115 Mar'05
IIII2....
II4I2 Dec'04
II5I4 ....
119 Feb '04
109 12 109 12 10912
'109 14
109 12 Feb 05
100 Si
103 Oct '04
110 112 II2I2 Feb'05
111
108 12 Mar'05
II9I2II93, 11912 11934
110 Feb '04
97
98
97
9712
II712
118
118
98I4 99
99 Apr'05
11734
II7I2 Mia'05
97 12
9812 Mar'05
II ml},
15 11058 112
20
95
H)
100
91 12
88
106 IO8I4
109 ifi 1093s
102 14 IO214
ru'iii'ie"
IO8I2 10939
IO912
108
'
112 i'i'2'1^
10812 108 12
13 1171212011
10
9612 99
118 118
98 100
II7I2II712
95 Is i'B^
J-J
J-J
M-N
M-N
J-D
F-A
J-J
J-D
J-J
J-J
9612
116
115
118 May'04
114 Apr'05
122 14 122 I4
114 Mai'06
I22I4
H3'2
124
125
12434 Apr'05
126^8
11612 Sale
IIOI2
95
127
Apr'05
II6I2
IIG^
Jau '05
Feb '06
112''e
98
97
-2
IIOI4
10938
IIIHJ. .
i2:-i
110
110
11212
il4
1161211714 117
98
Jau
,
12114
101 la sale
HI
,
'95"
112
116 14 118
112
11012
ll.Tl4ll7
97
117
100
.
114
114
M.-.y'04
97
97
115l4ll6'8
Mai '05
111
i'ii3^
'05
Apr'ti5
'•&7
9734.
123
1093e
l.ie<-.'()4
11618.
ISO
112 iiesg
9612 !^8
108 111
Fell -0 'J
'2
1,1
97
114 1)414
I2ii8l2t;'4
116
114
123i4l'i434
123I4 127
11534 11612
J'ly '00
Nov'04
112i2.Mar'05
121 Mar'oa
10118 101 18
II212II2I2
121
lu
12*;
9834 10118
112^8 J'ly '04
11 I2OI4I28I4
123
94
Mar'05
11 136
Apr '05
lUSglllSg
106 '2 Nov'04
II5I4 Mai'05
1141211514
12314
102
94
May'04
Sep '04
111
ill" 107
sale
9612 10 95^8 981a
961a
9412 9512 95
7 91
95
95
90^8 911* 91
911* 40 85 78 91%
8434 Sale
155 83 12 fcO-'is
84
fc5
9734 99
97I2 9734
9734 Mar'05
11314 II3I2 113 Apr'05
112 lis
93
)f>\ Jan '05
95 14 9614
106 14 10634 100^4 106*4 71 10434 10713
10J3^ 105
103
Mar'05
12 105-'4
137 14 Sale 132
I3SI4 1631 112 '8 i;-;8i4,
121 Feb'05
1163g 121^2
103 14
10334
10334 "i 102 -2 103 '4
125 l-,'5i..< 125
12 124 I2TI2
125
liO's
119 78 Apr '05
II712 I'.'O
97-^ Sale
'b'b
9712
97.>4
974 98
10934
112 Dec '03
112
114i2Apr'02
& North See Un Paoilic
& Black R See N Y Cent
Ver Val Ind & W See Mo P
Utah
Utica
J-J
.vi-S
10936.
110
Jan
J-J
104
11334
Dec '01
'04
Mid See South Bv
Southw't 1st gu 58.2003 J.J 112
Ist gold 58
1939 nfl-N 1185s, Sale
2d gold 5s
1939 F-A 109 If Sale
9912
Debenture series A
1939 J-J
8434 92
77 12 Sale
Series B
1939 J-J
1 03 14 10434
102
12
lien
1st
equip
fd
1921
M-S
s
5s..
95
g
98\
Det & Ch Ext Ist g 58. .1941 J-J IIOI2III1..,
109 109
Des Mom Div 1st g 4s.. 1939 J-J
86
89
Om Div 1st g3i2S
1941 A-O
109 Hi 109 H:
T0I& ChDiv 1st g 48. ..1941 M-S 95^8 99
109 12 114
St Chas Bridge 1st g 6s. 1908 A-O I0518
110 110
Wab Pitts Term 1st g 4s. 1954 J-D 95 Sale
42 12 Sale
2d gold 4s
1954 J-D
Warren See Del Lac & West
Wash Cent See Nor Pac
Wash O <fe
See Southern
9078 Salt438 96^8 9812 West Maryland Ist g 4s. ..1952 .A..O
118»8ll9
14 101
101^4 West N V & Pa 1st g 5s. .1937 J-J
9718
Gen
gold
1943
A-O
3-4s
45 95
97 14
29
dl94o Nov
Income 5s
91
91
108'?8 111*^8 West No Car See South By
VaCentifc P 1st g 6s. .1911 J-J 112
67 10038 104
Wlieel'gcfc L E Istg5s...l926 A-O 112 14
Wheel
Div Ist gold 5s. .1928 J-J 11378.
8934
25 8838
Exteii cS; Imp gold 5s. ..1930 F-A 11438
1081*1 10 's
1922 J-J
20-year equip s f 58
9434 Sale
194'J M-S
1st consol 4s
II312II5
Erie
Wilkes
East
&
See
lu9 110
105 12 107 '4 WU & Sioux F See St P M & M
9438 Sale
Wis Cent 50-yr Ist gen 48.1949 J-J
irginia
AHi-
J-
JJJ-
JJJ.
.
8SI4 Sale
109'
J-
97I4 Sale
101^8 Sale
9538 Sale
JJJJFFJ-
&N
W
8814
881.2
104 104'-. 104
104
98
95 Mar'Ot>
99
110
109 Feb '05
105 "2
110
109'-2Mar'()5
Ill'2ll5 1 12 12 Mar'05
U238
110 Jau'05
llli4May'03
111 115
J-J
Gal Har& SAlstg68.. 191(1 F2d gold 78
190.") JMexife Pac 1st g 5s
1931 WlGila VG
1st gug5s. 1924 NIHous E &
T 1st g 5s.l93:i Wl1st guar 58 red
1933 M-
8
.
102
Jan '03
97
9738
1015^
101 V,
95
951*
94 H 91 Apr'05
ilo'>a
10012 Feb '06
101 Hi Salt 10112 :013|
1-.
99i4Mai'03
89
'89 is
lOSSg
1004
II318 117
109 Hj 110
106
IO6I4
8938
893f.
loSig Mar'05
103 Sep '04
115 Feb'05
110 Apr'05
107 14 Feb'05
103i2J'ly'04
Va
AO
M-N
J.J
F-A
M.N
J.j
S Steel CorplO-60 yr68.d'6;^ M.N
Registered
April 1963 M-N
"Va-Car Chem col tr 53 g..l9l2 A-O
&,
Wabash
W
W
iUl!5CKL.L,ANEOUs»
AiaiinlacturiuK &: IndiiHtrinl
Con Tobacco registered 481951 F-A
Distil Sec Cor conv 1st g 58. '27 A-O
Di.slillo£AmercoUtrg5s.l911 J-J
Int Paper Co 1st con g 6s. 1918 F-A
Consol conv 8 f g 5s
1935 J-J
Int St Pump 10-yr conv. 68 '13 J.J
Kuicker Ice (Chic) lstg5s.'2H A-o
Lackaw Steel Ist g Ss
1923
NatStarchMfgColstg6sl920
Nat Starch Cos f deb 68. .1926
Stan Rope & T Ist g 68... 1946
Income gold 5s
1946
U 8 LeathCo 8fdebg63..1913
V S Kealtycfe Iconvdebg5s'24
M-N
TolStL<feWprUeng3i2S.1925 J-J
50-year gold 4s
1950 A-O
Tor Ham & Bua 1st g 4s./il946 J-D
Ulster & Del 1st cong 5s 1928 J-D
II2I4
1st refund g4s
1952 A-O
112l4ll2-'B
103 S; 104'^
.
12234
13736 133
<fe
Seaboard Air Line g 4s.. .1950
CoUtrietundg5s
1911
Car Cent 1st con g 4s. ..1949
FlaCen& Pen I8tg5s.l91&.
Ist land gr ext g 5s... 1930
Consol gold 58
1943
Ga & AlaRy Istcon 5sol945
Ga Car <fe No l8tgug5s 1929
8eab & Roa 1st 5s
1926
Sher Shr & So See
K&T
SU Bp Oca & G See Atl Coast L
Sod Bay & So 1st g 58
1924
So Car & Ga See Southern
KoPacCo— RRlstref 4S.1955
Coil tr g 4^28
1906
Gold 4s (Cent Pac coll). A:1949
A:194!i
Regi8tered
J-J
J-J
IIOI2III
136 138
137
Muy'02
llioe Mar'05
116i8Aiir'01
112^1131^4 11238 1123s
105
10458 Apr '05
106 May'Ol
10238
10434 Mar'05
J
J.
J
6s.. .1916
Tol& O C
1
M
SFifcN P 1st sink £g 58.1919
Sav E & West See Atl Coast L
Scioto Val & N E See Nor & W
9934
J-
8t Paul
& Man 2d 68.. .1909 A.
1933 Jlet consol gold 6s
Registered
1933 JKeduced to gold i^as.. 1933 J.
Registered
1933 J.
1910 M
Dakota ext gold 6s
Mont ext 1st gold 48
1937 J
Registered
1937 J.
C
Price
Friday
April 14
9012 Dec'04
A-O
S
M
M
192'.
J-J
1921
1926
1936
Guar stamped
1936
1st cy gu 4s. .1924 FA
O&
West N C 1st con g 68.. 1914 J-J
M
L&
J-J
Knox & Ohio 1st g 6s. ..192;
Rich & Dan con g 6s
1915
1927
Deb 5s stamped
Rich* Meek 1st g 4s... 1948
1919
SoCar<fe Ga 1st g 5s
77
89
10334 May'04
94
M-S
1951
1918
1948
2d4s
1948
Atl & Yad 1st g guar 4s. 1949
1916
Col & Greenv 1st 6s
E T Va & Ga Div g 5s.. 1930
1956
Con Ist gold 5s
193K
E Ten reor lien g 5s
Ga Pac Ky IstgOs
1(10
lOli^Nov'Ol
P
St L & Iron Mount See
St L K C & N See Wabash
Br See T RR A ot St L
8t L
St L & S Fran 2d g 6s CI B 1906 M2d gold 6s Class C
1906| M
1931 J
General gold 6s
1931 j
General gold 5a
S F RKcon8g48..'96 J
St
Southw Div l8t g 5s. .1947 A
Refunding g 48
1951 J
5-year gold notes 4^2.. 190ff J'
<&
cong
1928 M
Ft
S
68..
K
KC&MK&Bl8tgu5s.l929
1994 J-J
Mob& Ohio colltrg48.. 1938
Mem Div Ist g 4i2-58... 1996
St Loui.s div 1st g 4s
Ala Cen R Ist g 6s
Atl<fc Danvlstg43
82 1007gl()3
109 Mar'05
75'4ilar'05
89 Jan '06
P
KCFtSifeMRyrefg48l936
E&
J'ly'97
117 1-2 Oct '04
102
102^4
100 Jan '05
"2
99
99 "5
11614....
102 14 Sale
1940
<fe
JJ
J-J
J-J
Sabine Div Istg6s....l912 M-S
1943 J-J
Con gold 5s
1994 J-J
Southern— 1st con g 5s
Mar'OS
120
98
.
117^2.
1997
eading Co sjen g 4s
1997
Registered
Jersey Cent coll g 4s.. .1951
Rensselaer & Sar See D & H
Rich & Dan See Soutli Ky
Rich & Meek See Southern
Rio Gr West See Den & Rio Gr
Rio Gr June 1st gu g 5s. ..1939
1940
Rio gr So Ist gold 4s
Pitts
J-J
A-O
A-O
A-O
F...1912 A-O
1912 A-O
Registered
117
K
Guaranteed
A-O
1st g 6s series
1st gold 6s
1937 -M-N
1st con guar g 5s
1905-.. 1937 .M-N
Stamped
120 Oct '01
112 12 Dec '02
.
109)2
&
&
II3I2
11434 1161-j
Nov'97
137
,
&
&
A&
SPaoofNMexl8tg6s-.1911 J-J
1905 FA
Tex&N O 1st 7s
Y SeeN Y Cen
Pitts McKees
ii E l8t g 5s... 1940
Pitts Sh
1943
1st ccasol gold 5s
West See B O
Pitts
Pitts Y <fe Ash 1st con 53.1927
U
Soutliern Pac Co (Continued)
T C Ist g 58 int gu..l937 J-J
Consol g 6s int guar. ..1912 A-O
Gen gold 48 int guar. .1921 A-O
div 1st g 6s '30 M-N
Waco &
Morgan's La
T 1st 7s. 1918 A-O
1920 J-J
Ist gold 6s
1907 JJ
No ot Cal 1st gu g 6s
119'4 Apr'04
11834
W
Mort
STOCK EXCHANGE
^«
Week Ending April 14
12318I2318
II4I4 116>2Mar'05
413
N. Y.
<fe
M
&
a;.:c
4
BONUS
Price
jisk Low
High.
103^2....
102 Nov'97
D K K R & Bsre 1st gii 4.s g.'S6
Rocli
—Concluded—Page
Friday
Aprill'i
Bui
Valsen g-u g 4s. ..1942
C1& Mar 1st su g 4i<2.s..l9;!5
Alle^'
VN
—
.
.
Mar'05
110
11814
IO918
119*6
109 k
90 Feb'05
•4
805^
76
Jan
102
107 12 110
72 II8I4II912
24 108121121a
1169
90
90
66 12 8434
'04
110i4Mar'06
10934
97 Nov'Oi
88 Apr '06
86
97 12
97i2Jan'05
1.09 12 Mar'03
358 9334
94
95
4134
42''t
255
4I34
II0I4
88'8
98 1»
95 12
45^8
9OI2
9OI4 94
13;
91
119 Apr'05
118 119
97 14 Apr'05
97
9834
40
112
Alitr'Ol
112
102
Jan
'05
U314
95
9312
943f.
103%
IO312
112
111
II4I4 11434
11434 Mar'05
11014 May'04
1 14 14 Mar'05
113
lU'a
102
563 92
102
951a
71
90 12 94^8
BONUS—Concluded.
Miscellaneous
Adajns
85 14 Dec'04
793^
82 189
8212
803g Sale
79
975g
99 Sep '03
10934
1091..;
108*4
2 108
109
933.,
9334 Sale
9334 120 93
93
103 »i Sale 10334 104
25 10234 10434
96I4
98
98
9812 Feb'05
'37 10434 108
105 Salb 105
105
87I2 93% 9218 Feb '05
93
91
70
65
69 12 70 Mar'05
"o's'i^
20 424 59 14
59
58
II4
8
60
6
1
7
534
Llli2ll2i«
Apr'05
II211. 112
103" Sale 102
i'21'i
>4
10312
93
103
97 'f. •2:«.5 92
97 78
97 's Sale
97 1«
92 14 9734
973*
9534 Sale
95 ig
101 12
99 'e 100 101 Mar'05
101
*AIoprie« Friday; latest bid and asked, a Due Jan
<>
Due Feb
e
Dae Mar
<(
Ex
col tr
AmDk<&lmp58
1948 M-S
iS'eeCentNJ
g43
1031a.
Am SS Co of W Vag5s....l920 M-N
B'kl'n
FerryColstconsg5s'48 F-A
ChicJc& St Yard colg5s.l915 J-J
AO
Det M & M Id gr incomes. .1911
iloboken X.&1 gold 58... 1910 M-N
Mad Sq Garden l8tg58..1919 M-N
Man Bch H & L gen g 48. 1940 M-N
NewpNeShip& DD58dl990 J-J
Dock 50-yr Ist g 48.. 1951 FA
Provident Loan Soc4i28.1921 M-S
Joseph
Stk Yds l8t 4 128.1930 J-J
St
St L Ter Cupples Stat'n * Prop
Co I8tg4i28 5-20 year. .1917 J-D
S Yuba Wat Co con g 68. .1923 J.J
Sp Val Wat Works Ist 68.1906 M-S
US«e<l<fe Ref IstBf g6a.l931
Due Apr A Due J'ly
ik
Duo Anc
105 '4
100*4 J'nc'02
53
Sale
58
58
56
"
"o's"
10734 Nov'04
"7'4""
S'al'e'
74
50
.
NY
103
96I4 Sale
96'^
99 101
100
10112 103S
9515
96I4 Sale
71
80
Feb '02
9612
Mar'05
112 J'ly '04
113 la J'ly '00
94
97
144
Doe Oct p Dae Not
7112
9412
98
961*
100
83*8 97
« Dae I>«e tOpUon
24
.
OHIOA&O STOOK_—EXOHAISr^E-Stock
__
^
Record -Daily, Weekly and Yearly
STOCKS—ma H EST AND LOWEST SALE PRICES
6aturd<iy
April
8
Monday
Ttiesdat/
April
April 11
W
En da
Thursday
Wedjiesday
April
STOCKS
Last Sale ^7\
Last Sate 196
*"6
"
*«"
I918
55=8
6
.'.'.'.'..
6>8
21
19»«
56
i)S\
55 14
3834
39
"r<i" "-/SH
10
34
10
s
38
37
37
3-534
38*4
'2.; Hi
2J»4
•61>-j
62
70
23
•85
23
»
2234
-61
61
70
61
70
23
62
"•/'i34
'iii" "g's"
SO
'
70
61
Vu
70
61
1^4
•94" 'psV
'2b Hi
•
28H,
•
55
1014
'
55
•
-94"
I4
7ii
70
2314
23
iJ6"a
<< H.
Hi
'
i38''4
2.!
<U
70
•23
H;
00
'94"
"114"
'os'ii
•
1)4
28
101
101
101 Hi
•
t'hic A-
lin's
51
Altou
VPs Chic
for Previous
Year (1904)
Lowest
Uit/hest
Highest
Lo-we4st
iso" Jan"5 199 "Feb"! 155
i
3 7^8
Mai
Jan
I'JO
Aug
Ky
Pass
Oak Park
220 "e" M:ar28
iOO
100
57 V Chicago Subway
100
Chic ITmon Tract
100
Do iiref
100
3.s'>; Kans City Ky iC- lA ..100
89
Do pref
100
23
Metropol
Elev..lO0
til\,
Do prel
100
10(i
71
XorthChic sticer
24
Xorth western Elev..lOO
uO
Do pret
100
96 H; South SideElev
100
28 streets WStable
L 100
1()1'>
Do pret
100
51
West Chic Street
100
cfc
Do
Range
Year
37 'g Jan
100
00
100
Ohic City Ky
.Uuc ConsolTrac
21
*84Hi
'23"
23I4
101 "410114
60
50
"55''i"56H
"55Hi"5"5*34
'1)4
Mar'i).">
L-'liic
'6"
614
Jan
,7,;;;^^
lor
1905
01
K.xcHAxt^E
1/
April 14
April 13
1.'
Hange
Sales
the
CHICAGO STOCK
W
J.aiiVi
Vi
lOigApr 8 24 Jan 31
l,Sh'2 33
Mar31 .'>7''sAprl4
y.'i
8 Hi Apr 13 13 'e Feb 3
2lO :U April 31 Keb 2
5l)li
30 .lai. 9 41) .\pr
82 Hi Jan 4 8'.l Apr 1
"sop
8
23
Sep
27
Nov
Nov
73j"
51
))rel
"36i'l
.->
213
345
20
9
.Ian
Hi
K>«
Jan 10
66
7
9:"
!
24
90
H)
23
7n
23
60
92
28
,'^3
•.)7
Feb 24
Feb 3
53
30
Apr
10,3
2-1 Is
All!
.Ian
Mar27
.Ian 3(1
3
1-2
')(>
72
Nov
Dec
SOI4 .Vov
8
Nov
15
41
yla^
26
68
28i-i
Marl?
MarP^
Feb 2
Jan 1"
Jan 5
Dei
Mm
1
Sep
Oct
Sep
jMar
t<S
15
Jan
26'4 .Vov
44
Apr
67
i'O
Mar
981-1
i;5
97i4Mar2(l
29 '4 an 4
111314
13
31
4 Feb
27 lo if av
•/,
.J
2S
Mar21
Feb 3
3S
Jan
Hi
Nov
Nov
34 Oct
103 J'ne
56 Hi Sep
.-^2H2-M)r
Api
.llisr^llnneoiis
Allis-Chalmers
ll'a
-13
"l"234"
71^4
"80
"l3% "1234 "13=8
72
73-^
130
54% 54 Hi
106
"40" *!I"""40"
*106
110
60
»
i'lo"
•
170
48
48
I3914
......
108
•57
."""
60
"h
*6Hi
*6H2
165
47
'165
170
137H.
'
136H2
98
<dd
I3914I39H1
67
*165
'.'.'.'.'.'.
Last
165
169
1136
"67" "67"
67
>•
,May'U4
53V
5312
•165
-45
170
46
(
. .
115
115
119 Hi
55
114
55
114
Do
3',327
8,140
""80 153
135
li'g"
57Hj
lYo"
61
115
Hi
110»4 110^4
National Carbon
Do
pref
People's
Ga8L&
Pullman Co
Feb 21 130
.Ian 18
J.in 20
Nat St'k Yds....
100
i09" Swift&Co
78 The Quaker Oats Co. 100
941,
Do pret
100
40
1 15
Marl- 120
Jan 5 10
Jau 18
1
Jan 20
7
Feb 20 140
1
7
79 Hi Dec
-Mai
'4
Jan 123 Hi Sep
40
J'no
Hi
Dec
Aug S'4i4 0ot
Mar 198 May
Nov 40 Nov
Mar 110 Feb
Feb H2 Aug
J'ly 123^4
Jan
Oct
Nov
Nov
101,
1^
8
Jan'
Feb
Feb
May 173 Hi Nov
36 Nov
J'ly
Mar 147 Hi Nov
Jan 25 172
Jan 7 52'-iMarUi
'327
'li"Feb"6 r9"Mar24
63 Feb 15 7334 Mar.'2
"44>^Mar2'7
2 Jan 30
100
100
100
100
C'kelOO
100
Mar20
3 'a Jan "riiiDec
3134 .Tan 64 '4 Dec
32
18
137 Hi Apr 3 143 Hi Feb 17 115
95 Apr 6 10534 Mar 6 86
Keb 10-< Oct
2,2 72 134 Hi Feb 1 141 H; Apr 14 126HiFeb 142 Hi Nov
IC 10 Jan 4 11 Hi Jan 16
3 Hi Mar 12 Hi Dec
520 64 Apr 14 71 "i Jan 16 38HjMar 76 Hi Deo
'
Do
pref
National Biscuit
Do pret
is'g Apr l"i
7;v'»Aprl]
80 Apr 5
148 Hi Feb 23 150
10 Jan 5 10
&
Nov'04
'iO
125
38
Jac 25
Jan 24
Jau Ivt 37 Mar:^0 19
OS's Jan 17 105HiMar27
82
""50 'i-i Jan 4 "40 " Jan "4 183
33
105 Marl 7 105HiMar21 10034
Keb25 52
66 .iHull 61
l',276
J'iie'04 London <fe Chic Contr
Dec '04 -Manufacturers' Fuel
Apr '05 Masonic Temple
Jan '05 Mil Chic Brew'g
45h.
60
7C.
100
pret
" 9i^Feb"9
7
168
47
Mar'05
1
1
Chic Edison
100
Chic Pneumatic Tool. 100
46
Last Sale /J7H2 Apr '03 hic Telejihone
100
9?
98
98 Chic Title & Trust. 1 00
97
140 141
100
1413a 141 H. Diamond Matcli
Illinois Brick Kecpts
"66" "66"'^ "64" "64 "i^
Do prefBecpts
Kans City Stock Yds. 100
LaKt Sale is"" Mar'bs Knickerbocker Ice... 100
"64""6'4'^
64 14 ti-lH119 11934 119 1193*.
54
55 Hi *55Hi 56H.
114 114 '114 115
"6'3'^"6'4'i
S B.ank....lOO
Jan '05 Chic Brew'jr & Malt'g
Jan '05
Do pref
I
.S'an 7
Last Sa le
Last Sale
119
AmerT&
W5^
n
64
64
119Hil20
Shipbldi;
Do pref..:
40
La St Sate
"6 414 "65"
liyH2ll9H2
55
5534
115 115
Amer
Apr'O.-.
Last Saoe T3->4
Last Sale
Last Sale y
••.••• ......
"vX\ American Can
72 \
Do pref
Apr 'O.T Amer Radiator
Apr'Oo
Do pref
05
7<I4
1913
100
lOU
100
100
100
100
100
100
pre:
40 Booth (A) & Co
100
Mar-05
Do pret
100
fiO
ieb'05 Cal & Chic Canal & DlOO
I'entralTrust Bank.. 100
Last Salf lb"" Feb'Oo Oiicapo Auditorium
40
40
Last Sale
i36H.
-95
13934 140
95
96
139 Hi 140
11^6
66H!
..
67
"iO"
Last Sail
Last Sale
Last Sale
Last Sale
110
*6Hj
•
100
99
•139
•
72^4
55
"40" -""""40"
110
60
*34
165
17
*13Gia
<!!!'"
'108
110
60
"is'i^^
56
56
•16"
34
"h
»
130
56
Do
"1 278 "13 V
71 14 72I4
Last Salf SJ
Last Sale 130
•80
'130
55
•10" "":;
v.'.'.'.'.
73-->8
'81
•80
<•'.'.'.'.'.'.
"12 '4 "13"
70
72
54" Jan
25
919 114 Hi Jan
926 41 Jan
93 110 Jan
225 106 Jan
25
2',i98
5
'45
10^2
Dec
30
17
Jan
Jan 17
Jan 30
42
Aug
51
Apr
2
Apr"3
20 Nov 25 Sep
36 Jan o8HiDec
99 Hi Jan 116HiNov
J'ne
7 Hi Nov
'2
2
65^4
134
120 Hi Mario
61
5 115
i'2"Oct'
52 Feb
20 Jan
Hi
11 11034
9
14
Dec
Jan
Jan
23i4Mar 46HiDec
95 Jau 120 Sep
98'8 Feb IIOI4N0V
Apr 14
Jan 31
Apr 8
St Louis
io9»i
10934"
80
95
86
96
io9" ib9>^ ib9"l09i4 108=8 i09"
80
97
80
97
80H»
Si's
95
96
1*0834 1083^
-78
80
•93
95
78
94
Un Stock Yd8(So Oni)100
Last Sale
2^
2-4
13»4
1334
•I'.'.'.'.',
"ai'^
"2'>i"2^ "*2^""2^
13 Hi 14
13'8
"37»i"38"
...„^...„^^
I4I4
1334
"38" "38"
"3734
"2""2i4
13^4
1334
Dec'b4 Union Baa
Do
'"i'<^
I3I4
13 Hi
Sale 10
"38" Last
38
38
38
BONDS
Price
Week's
Range
Range or
Since
Bid
a
Last Sale
Ask Low
1
Chic Board of Trade 48 ...1927
ChicConsol Br& Mlt68
Chic(onsolTrac4H2S
1939
1913
Chic Edison debent 68
1st gold 58
ft,1926
.
J-D 103
.
J-J
J-D
J-J
A-0
64 Hi Sale
104 Hi
104
JiigJi No.
Feb '05
103 Jan '05
103 Apr '04
64 H<
6434
104 Hi 104 Hi
104 Is 104 14
08 Feb '04
10
62
66 Hi
1 103 ig 104 Hi
7 104 Is 10434
E
F
F-A 99I4
M-N
M-N 100 Hi
Peoplb'sGasL&C I8t68.1943 A-O
Calumet National
Chicago City
(Chicago National
Chicago Savings
Commercial National-.
Continental National..
Cook Co State Savings
Corn Exchange Nat..-
First Nat En^lewood.
68
80
106^6 I08I4
100»8 100 'fe
97
97 Hi
97 Hi 98
95
96 Hi
-
Foreman Bros B'k'g Co
Fort Dearborn Nat....
H amilton National
Hibernian B'k'g Ass'n
Home Savings
Manufacturers Bank..
Milwaukee Ave State.
Nai Bank of Republic.
90 Hi National Live Stock.
100
North Side State Sav..
99 14 Oakland National
Peoples Trust & Sav
92 Hi 93
Prairie National
93 Hi 9534 Prairie State
88
96 Hi Pullman Loan & Sav..
South Chlcaso Savings
99
99 Hi State Bank of CidoagoStock Yards Savings ..
Union Stock Yds State
99 Hi 100
loo 10034 U S Bank & Trust Co
86
95
94
.
.
9934
99 Hi Mar'05
10034
99 'e
-iVpr
lie Hi Nov
3534 J'ne
47HiJan
75
J'ne
87
0ct
10 "a Deo
J'ly
J'ly
2034
7'4
OutstandSurplus &
ing
In
Profits
Stock
1903
NAME
Drexel State
Drovers Dep National
First National
W
C
'
Box Bd & P ColOO
Low High Bankers National
99 Hi 101 14
IO314IO314
103 103
Mar'05
Chic Auditorium let 58. .,1929 F-A
19'29 A-O
Chic Dock Co l8t48
.100%
10034 Nov'04
Chic EouiiGas 6s
1905 J-J 100
OUic& MUElec Ry 58 ....1919 J-J
Chic Pneum Tool l8t 5s .al921 J-J t;i"""77'
78
77Hi
79 Nov'04
Chic Rock I & Pac RR 48.2002 M-N
CoUat Trust p os
80 Apr '04
1913 -M-S
Commonwealth Elect 3s.til94.i M-S 10734 Sale 10734 10734
lOO^gFeb'OS
Kans City Ky <fc Lt Co 58.1913 M-N
Knickerb'cker Ice Ist 58.1928 A-O
97 Hi
97 Hi
97Hi
Lake Street El Ist 58
1928 J-J
97Hi 97Hi
97H;
95 14 95 Hi 95
9534
Metr
Side El Ist 48.. -.1938 F-A
Extension k 4s
88 Ha 90
89H2Apr'03
1938 J-J
Nordi Chic St Ist 58
100
99
99
1906 J-J
Istos
99
97 Hi Mar'05
1909 J-J t
ReliindiBK K4HiS
1931 A-O
No Chic City StRy 4Hi8.1927 M-N 93Hi
93 Hi
93 Hz
North West'n El 1st 48. ..1911 M-S 49414 9414 94 14
9 4 •=8
94i8M:ar'05
Ogden Gas 58
94
1943 M-N
Pearsone-Talt 68
1916 J-D 100
99 14
4-408 B B B
9914 Mar'05
192U .M-S
4'408 Series
4'608 Series
4-808 .Series
b6HjJan 4 97
Jan b
Apr 7
Apr 10
100
100
January 1
.
lOlT^,
1031.1
pref
. . .
loo" Feb25 114
46 Jan 25 86
34
7
10
14
Nov
3»8Nov
Jan
Feb
25 Hi Dec
Nov 19
Sep
Chicago Banks and Trust Comnanies
tViday
April 14
Amer Biscuit 68
1910 F-A 106
Amer Strawboard l8t68..19ll J-J 99 Hj.
J-J 103
Cass Ave & P G (St L) 5s. 19
P Co
555
285
1,795
1 Hi Feb 20
2HiApr 3
Do pref
100 3,245 10 Jan 3 14 H. Apr 3
Kov'04 Weaver Coal & Coke
100 "545 "23"Febl5 "sai^Apri-i
38Hi Western Stone
Unit'd
Vi\
Chicago Bond Kecord
CHICAGO STOCK EXCH'GE
Week ending April 14
<fe
'3'l7
Apr '03
.
Dividend Record
Jn Per1904 iod
2,000,000 $1,071,611
100,000
2! 1, 045
200,000
143,388 13
8+5
1,000,000 1,402,444 15
12+3
k 500,000
fc 64,532,000.000 1.783,400 "12
12
3,000,000 1,327,281
8
8
50,000
6
4,636
6
3,000,000 3,567,276 12
12
200,000
15,586
6
6
600,000
273,089
8
8
8,000,000 6,215,626 1112
12
100,000
107,529 10
6+4
500,000
640,546
Priv ate Ba
? 500,000
202,737
6
6
500,000
142,224
"8
"8
1,000,000 1,030,106
100,000
149,618 10
10
200,000
13,104
"6
"6
250,000
251,372
2,000,000
953327
6
6
1,000,000 1,291,452 15
12+3
60,000
5,253
6
50,000
6
49,489 "6
200,000
3,169 New Bank
55,90x
260,000
"1138
250,000
66,234 "h'
300,000
8
175,541
8
200,000
29,906
5
1,000,000
594,422
6
250,000
85,724
200,000
5,7.34
New Bank
1,000,000 1,000,000 ProJe cted I
Last Paid
Q-J Jan
'05,
J-J Jan
Q-J .laa
'05, 4
'05, 3
Q-J Jan
Jan
Jan
Q-J Jan
Q-J Jau
Q-J Jan
'05,
'05,
'05,
'05,
'05,
'05,
'05,
'05,
Jan
Jau
2
3
2
3
3
IHi
2
3
3
nk
Q-J Jan
'05, IHj
J-J Jan
J-J Jan
'05, 4
•06, 5
J-J Tan
Q-J Jan
Jan
Jan
J-J Jan
'05, 3
'05, 3
'05, 3
'05, 3
Q-J Jan
Q-J Jan
Jan
Q-J Jan
'06,
'05,
'05,
'05,
'05,
1H»
2
2
1
iH»
nstl tution
123 Hi Sep '04
7
J-J Jan '05, 4
6
Refunding g 5s
1947 M-S 107 IO734 107 14 107 14
105Hil07'>8 Amer Trust & Savgs.. 2,000,000 1,374,721
2,000,000
4
900,000
1
Q-J Jan '05, 1
107-'4 108»8 Central Trust Co of III
Chic Gas Lt&C Ist 58.. 1937 J-J 108^4 Sale 10814 108 Hi
200,00(1
Sav
Bk.
ank.
.New
b
Tr
<fe
Consumers' Gas 1st 58.. 1936 J-D n0634l07Hi 107 Hi Mar'05
106i2l07Hi Citizens'
200,000
Q-J Aijr '05, II4
97,541
5
St Louis Brew'K Ass'u 68. 1 91 J-J
Colonial Trust & Sav..
200,000
Q-J Jan '05, 11^
44,738
102'>4 104 'e
6
South Side Elov 4 Ws
Druvers Trust & .Sav..
104 H
1924 J-J 104 104 14 101
500,000
M-S Mar '05, 4
450,000
8
8
Swift & Co Istg 5s
10.5 1*
103
I0212IO3H, lOrjui table Trust Co
1914 J-J I02I2
2,000,000
Sav..
850,544
4
Q-J Jan '05, 1
&
Union El (Loop) 5s
105 Hi 107
Federal Trust
107 Apr '05
1945 A-O 106 Hi
593,380
Union Pacific conv 48
First Trust <fe Savings 1,000,000
1911 M-N
114 Nov'04
16
12+4 Q-J Jan '05, 3
U S Brewinj,' 38
Illinois Trust & Sav.. 4,000,000 6,188,033
1911) M-S
81 J'ly '04
200,000
Proje cted 1 nstitu lion
United Breweries Us
1928 F-A
I iitenial loiial Trust (;o
230,000
63.846
U S Steel Corp 2d 5s
J.'K'kMon Trust A- Sav..
cl963 M-N
88 Nov'04
200,000
3,271 Began Jan 3, ly'o
West Chic St Ist 58
Kenwood Trcfe Savings
94 Hi Sale
95
1928 M-N
94
17 94 100
Jan '05, 3
12
12
Tunnel Ist 68
Ijoau & Tr Co 3,000,000 3,383,904
Merchan
70
90
70 May '04
1909 F-A
"90"
750,000
Jan '06, 3
231,337
6
I.)ebent 68
90
1914 J-D
90 Feb'03
8O"
M it rojxihtan Tr <fc Sav
Q-J Apr '05, 2
Consolg 58
8
8
88
41
1936 M-N 488
88
86 Hi 'M% NortlKun Trust Co Bk 1,000,000 1,680.303
86H2
500,000
427,(!04
Feb '05, 3
P-A
West Div City Ry 4 H28..1932 J-J
Royal Trust Co
6
93 Mar'05
95 97
1,000,000
513,789
Wcst'rn Stone Co 5-20 OS. 1909 A-O
100 J an '04
Union Trust Co
"6
171,955
Q-J Apr '05, IH
Noto. Accrued interest mns t be iuhled to nil Chic a,i;o bo n'd' price s.
Western Trust* Sav. 1,000,000
i Capital to be Increased to
1| Includes special dividend ol SOjg
1,000,000.
Also paid 12 '-/'n in Dec, 1903, 111 stock ot First Trust & Savings Bank,
deolaroil Aug. 10, I904.
* Bid and asked prices; no sales were made on this day.
a Due Deo. 31.
t No price Fridi ly; latest price this week.
Dae June, c Due April
/i Due July.
fc Capital and surplus to be increased.
124
i-i
'-J
,
"
—
.1i
||
—
Apr.
—
— ——
THE CHRONICLE.
15, 1905.]
Gas
Volume
ol
Business at Stock Exchanges
TBAKSACTIONS AT THE
Indiana
l8t 68
Securities
Nat &
NEW YORK STOCK EXCHAJfGK
Bid
Gas—
M-N
111
25
50
68
M-N §106
81
50
1908
Indianapolis Gas
Ist 68 1920
Jackson Gas Co
5s g 1937
Kansas City Gas
Laclede Gas
WEEKLY AND YEARLY
DAILY.
1415
A-O
100
100
100
UPreferred
Lafay'eGasl8t6s'24.M-N
II
Stoc/cs
Week f.ndiny
April 14
Railroad
Par
Monday
713,880
1,366.219
+68.728.250
129,720,000
1.119.411
106,r.36.100
Wednesday
1.20t>,H24
116,821,400
132.250.500
146,790,950
1905
Saturday
1,508,584
1.573,712
Thursday
Friday
WeeJc ending April
Sates at
Sew York
Bonds
LogifeWabV lst68'25.J-D
Madison Gas 6s 1926.A-0
Newark Gas 68 1944. Q-J
valtie
$142,500
364.000
299.500
264.000
239,500
412,500
$1,785,500
3,285,000
2,514.000
2.569.000
2.852,000
4,134.500
$6,000
Newark Consol Gas. .100
S-D
llCon g5s 1948
No Hudson L
14
January
1 to
1904
1905
$7,000
April 14
1904
$7,000
1,722,000
17,14a,UOu
BB. and nus. bonds
$2,5(K)
.«144,050
10,000
14,410,500
46,098,300
351.061,200
$283,700
208,000
Y&N
197,475,5(10
II
$18,872,000
Total bonds
*
$14,423,000
$397,303,550
$197,967,200
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
Apri'. 14
Unlisted
shares
sales
10,749
21,805
27,994
17,3S5
79,334
54,710
13,706
12,374
13,656
19.469
$60,800
53.900
59,800
117,200
"3.700
34,700
200,519
239,677
$480,800
211,933
72,958
$380,100
.
Thursday
Friday
6,280
7,1 r3
Outside Securities
Weekly Review of Outside Market will be lound on a preceding page.
A
3
Industrial and i>liBCel
Consolid Car Heating 100
IJCons Firew'ks com .100
100
^Preferred
Cons Ry Ltg<feRefrig.lOO
Consol Rubber Tire. .100
Debenture 43
Cons Storage Battery 100
Cramps'
Bid
Ask
NEW yOBK
CITT
BleeckSt<fe Ful F stk 100
1]lstmort48 1950
..J-J
Avestk
..100
11B'y<fe7th
32
95
243
104
34
98
248
107
1I2dmorl 5s 1914 ...J-J
Con 5s 1943 -See Stock ExcU Ust
B'waySurtlst5sgu 1924 no8 110
2d 58 Lnt as rental 1905 i 99^2 101
360
HCent'l Crosst'n slk..lOO 340
UlslM 68 1922 ...M.-K ni7 121
205
210
ncen Pk N & E R stk. 100
185
1^Chr't'r& lOthSt stk 100 177
Col& 9th Ave 5s See Stock EiCh Ust
Dry
D E B & 3—
Hist gold 5s 1932. ..J-D
1914 ....F-A
Avenue 3t... 100
Eighth
U
HScrip 6s 1914 ....F-A
TlScrip 6s
112
100
115
102
390
405
42dStM & StNAv..lO0
103
405
50
income 6s 1915 J-J
InterboroughRapTr.loo
80
210
1I42d&GrStP'ystk..lOU
Tllstmort 68 1910 .M-b
ll2d
104i-.
415
70
107
85
211
Street Railways
Bid
Ask
lILouisv St 581930. .J&J ?113'4
Lynn&Bosl8t5s'24.J-D UIO
New on Rys Co (w i) 100 29 29
77^!
100
77
Preferred (w 1)
91^ 91^4
New 4 "tjs iw i)
list
hiciigo
Street
-S'ee
C
North Chic
1-2
Pub Serv Corp
of
N J 100
Tr ctls 2% to 6% perpet
CoU trust 5s gold notes
133
71
12
137
72 »2
98^
<98
29
80
M-N ?79
84 >2 S51t2
J . lOo
ilO
J-I) 'ao9
1909 optional.. ..M-N
North Jersey St RylOU
I8t48l948
Cons Tiac o£ N
l8t 5s 1933
.
.
New'kPasRy58'30J-J ni4
115
& Pav P 5s
&
Mo Pacific new 43...
Northern Pacific
When released
100
100
Nortiieru Securities.. 100
Bes8&
LE
50
50
Seaboard Air Line
Coll tr 5s 1907 op.. .M-S
New common (w i)
New 1st pref (w 1)
New 2d pref (w i)
105
.
12
Va<fc Southwestern. .100
Industrial
and
JVIiscel
1»4
7
2
20 "s
21
28
10
34
12>8
100
100
651*
65
101
103
>-2
140 142
14
7
t.-
40
80
35
77
'8
Hj
1H»
t
14
12
24
22
Electro-Pneum'ic'i'ranlO
'4
t
100
100
5
40
Preferred
llGeneral Chemical ..100
1 01)
II Preferred
45
63
102
55
101
—
I-
Hackeusack Water Co—
97'
i'oo'
171
125
173
128
80
80
106
102
§95
85
12
Ret g 48 52 op 12. ..J-J
100
Hall Signal Co
Havana Commercial. 100
100
36
Havana Tobacco Co. .100
32
40
79
Preferred
Preferred
100
1st g 53 June 1 •22.J-D
Hecker.Jone8-Jew'l IVIill
102 "s 103
3
3
5
106
88
19
109
92
5
67
95
34
41
82
106
\
1
20
30
2
4
200
§102
6
5'-.
34
30
110
162
167
12\
1234
34
82
24
69
34 14
84
'•.
2?
72
12
52
49
§103
t
..lOo
187
104Hj
15
192
1011-.I
102»4-
140
160
14
421-j
13
74
20
74\
M-N
70
25
90
UManhatt Beach Co. 100
Manhattan Transit
20
Mex Nat Construe. pf 100
Monongahela R Coal. .50
9
14
2d 6s 1919
Preferred
434
7
10i«
27
5l»
Mont & Boston Consol. 5
Mortgage Bond Co... 100 125
Mosler Safe Co
iOO
95-4 Nat Bank ol Cuba
100
llNat Enaintfc Stamp 100
UPreferred
100
190
175
National Surety
100
179^ 180
20
800 875
TJNew Central Coal
36
N Y Biscuit 6s 1911. M-S
34
t
Y Mtge<fc Security .100
77
74
t
100
UNew York Dock
IOOI4 100^4
100
UPref erred
Y Transportation. ..20
26
25
Nor
Lum'r & PulplOO
84
82
54
100
51
IJOntano SUver
Otis
Elevator
com
100
60
52
Preferred
100
62
95
061a
102
Preferred
100
Madison So Garden.. 100
Denver
Preferred
107
See St k Exc list
Pat City con 6s '31.J-D § 123
Metropol Securities See Stk E X Ust
2d 6s.. ..1914 opt A-O §100
Metropol Street Ry See Stk E X list
-See C liicago Ust
So Side El (Chic)
Ninth Avenue stock. 100 185 192
Syracuse Rap Tr 58 1946 §107 ^2 l(/9
Second Avenue stocklOO 206 212
United Rys of StL—
Ulstmort 5s 1909 M-N n03 104
2934 30
Conivottrctfa
100
ConsolSs 1948.... F-A JUS 117
80^4 8OI2
100
Preferred
HSixth Avenue stock 100 174 178
list
Exch
Gen 48 1934.... See Stk
Son Boulev 58 1945. .J -J ilO'Z 106
UnitRysSanFrau SeeStk Exch Ust
So Fer 1st 6s 1919. ..A-U no5 108
Wash Ry & El Co.. ..100 36\ 36^4
Third Avenue <S'ee Stock Kxch list
Preferred
100
94^ 94-4
P & 5s 1928 §105 108
Tarry
J-D
4s 1951
Sy-'s 891-.
Yker8StRK5sl946A-0 iioOSi
Lex Av
Worth
City stamped
Pitts
1-2
115
lIFort
Stubs
Essex Pas 68 1905 M-N * 1 UU
Rapid lYan St Ry..lOO 255
A-O n09
Ist 58 1921
26
J C Hob&PatersonlOu
M-N
i!76'5 77
1949
4s g
So J Gas El & Trac lOU 127 128
M-S U03
Gug5s 1953
No Hud Co Ry 6s' 14 J-J H 14
J-J §110
58 1928
M-N §105
Extos 1924
Deposited stock
Undeposiled stock
Prior lien g 4 "ss'SOM&S
Con mtg g 58 1930.J&J
Income Ss 1930
;
91 12 93
I23I2 125 12 Ga & Tenn Copper
5
=*!
7;
116
Gold Hill Copper
1 It
80
So
Greene Con (Jop .See Bost Stock Exch.
734
Greene Consol Gold... 10 t 7^
47
126
HackensackMeadowslOO 12 'v 14
121
Companies
Railroad
Atchison conv 4s (w i)...
Uliic Peo dc St L pref. 100
66
19
65
IIDiamond Match Co. 100
Dominion Securities. 100
Douglas Copper
5
Electric Boat
KM)
Preferred
100
Electric Lead Reduc'u.50
Preferred
50
Electric Vehicle
100
Preferred
100
Empire Steel
Atk
CO
16
Sh&En BIdglOO
TlCrucible Steel
IJPreterrod
Cuban 6s of 1896
Mack iv Companies
Street Railways
Sid
Chicago Edison Co See C liicago list
M-S
1st 6s 1922
IJKingsCo El L<&PCo 100 195 205
Narragan (Prov) El Co 50 tlOO 104 Vj Herrin g- Hall-Marvin 1 00
Ist preferred
100
N Y <fc Q El L &P0WC0IOU 63 66
2d preferred
89
92
100
lOU
Preferred
Hoboken Land<S: IiuplOO
25
United Electric of N JlOi)
.M-A
77
115s
1910
J-D §76S.
48 1949
Hou.ston Oil
100
PrefeiTed
100
Ferry Coiiipanie;)
Hudson Realty
3>2
4^2
Internat'lBaukingColOl)
Brooklyn Ferry stocklOU
Merc Marine. 100
B& NY' 1st 6s 1911.J-J 105 108 Int'n'l
Preferred
100
84
N y ife E R Ferry stk. 100 77
Col tr deb 4 '.2l922op'07
90
93
M-N
1st 5s 1922
N Y& Hob con 5s'46.J-tJ §10914 110 International Salt 100
Ist g 58 1951
Hob Py 1st 5s 1946 M-N §110 111
N Yife N J 1st 5s 194C.J-J }105 110 International Silver. 100
Preterred
100
NY & So Blykn Ferry&St
101
Ist 68 1948
J-D
Trau3|) 1st 5s 1906M-N
60
Lauston Monotype
20
40
lOtli <fc 23d Sts Ferry 100
Lawyers Mort Insur.lOO
95
92
Ist mort 53 1919. ..J-D
Lord
&
Taylor
pref
34
..100
32
stock
Ferry
.100
llUniou
HLonllard (P)prel ...100
99
M-N 98
111st 5s 1920
Bond
$67,500
113,500
112,000
57.300
52.000
78.500
Monday
Total
Listed
shares
sales
23,501
62.434
27,028
36,754
19,610
80,350
Tuesday
.
Bond
24,731
46,769
31,496
34,304
28,863
34.156
Saturday
Wednesday
CnListed
shares
Listed
share"
1905
Electric
Philadelphia
Boston
40
103
105
35
35
110
137
93
§110'2 111
100
30
25
§106
§136
91
& Telephone
1lAmerTeleg<fe Cable 100
<]Gentral<fe So Amer. 100
Commer Un Tel (N y).25
Emp & Bay State Tel 100
100
Franklin
100
1|Gold<fe Stock
'i\i^, 1905
100
Teleph
River
Hudson
J Teleph. ..100
1IN
Northwestern Teleg. 50
25
Pacific <fe Atlantic
USonthern & Atlantic 25
—
State bonds
101
32
25
80
75
106
1949. ...M-S §105
II Con g5s
9712
St Joseph Gas 5s 1937.J -J §
37,819,661
89,647.206
2.147,616
7,48«.130
Stoclcs JS 0. sliaro.^t
W00,847.2oo $199,199,950 $8,337,735,375 $3,509,207,325
Par value
$416,900
t202,20()
$15,700
$5,450
Bank shares, par..
BONDS
aovernmentbonds
106 "i
A.O §108
Nat<& lU .100
J-D
Ist 6s 1926
Pat & Pas Gas & Elec 1 0(
Tclesr
Exchange
97
30
35
Pow
<fc
HO&ImlC
Stocic
1905
H
5s 1938
"ilob'o
$17,143,000 $1,722,000
7.488.130 $700,847,200
Total
U S
Bonds
State
J:c
Bonds
Shares
§
Ask
N
N
130
100
115
"3ui%
941a
140
45
30'
9;-i
125
42
105
17j
20
57
177
24
59
T-4
Am
Phoenix Mining
4
-
1
52
60
106
27
47
lu9
80..
v."
28.
50
50
AUiance Realty
100 120
17^! 18
100
80
75
t
II Amer Bank Note Co. 50
74
100
1334 14
American Can com. ..100
7
8
72'-.
Pope Manufacturing.lOO
72
Preferred
100
76
80
100
Ist preferred
;u
American Chicle Co. .100 127
•
2.;
25
100
2d preferred.,
96 100
Preferred
100
4 Pratt & Whitn pref. .100 10c
American Elevated
2
"29" 30
17 '"i
Realty Assoc (Bklyn)lOO 16
Am I ce Securit's (w i) 100
Royal Bak Powd pref. 100 IW ': 111
78
77
Debenture 68
61
63
25
Russell & Brwin
Am MaUini;6s 1914.J-U 105 1062 Safety
M
Car Heat<fe Lt 100 250 260
I's
10 t
A merican Nickel
100 650 065
52
Amer Press As8oc'n.l00 100 105 Singer Mtg Co
50
100
28tU&29thSt8 l8t58'96 ^112'-^ 114 H West Chicago St
20
25
Coupler comlOO
90
Am Soda Foun com.. 100 2 684 Standard
llCong 58 1936.... M-N
llTwenty-Th'd St stk 100 390 400
100 12U
Preferred
63
Ist pref erred
100
J-J
100 101
Deb 5s 1906
10
Standard MUllng Co. 100
12
9
2d preferred
100
Union Rylst 5s 1942 F-A HIO 113
36
38
100
Preferred
American Surety
50 195 200
We8tchestl8t5s'43J-J a 10
113
Gas Securities
hi
82
Am Tobacco (new) com.. 290 300
Standard OU of N J. .100 630 635
list
NEW YORK
Prefd
-See Stock Exch
'6
BBOOKLTN
a
Power
50
Storage
Exch ;ist
-S'ee Stk
4s and 68
Cent Union Gas 1st 5s... §108 110
Swift & Co -See Boston St c F.\L li'ge
42
38
Con Gas (N Y) stk. 6'ee St k Exc h list Am Typelo'rs com... 100
Atlan Ave 5a 1909.. A-O no2
lo3
1st 5s 1910-1914. ...J-J 4100
loo
98
Preferred
100
A-O 113
Conv deb 6s ctfs &'eeStk Exch list
Con 58 g 1931
29
Tennessee Copper
25 t 2S
6^4
6
Amer Writing Paper. 100
^Mutual Gas
100 290 310
Imut 5s See Stock Exc li Ust
75
85
TITexas & Pacific Coal 100
30 4 31
Preferred
100
E 58 1933. .A-O 103 104 New Amsterdam Gas
BB&
l.St 68 1908
A-OH^"'^ 110
86 Hi 87
J-I
58 1919
1st consol 5s 1948. .J-J §111'-. 113
Brooklyn City stock... 10 238 242
190
Title Ins Co of N Y..100 18..
Arizona Con Mining... 50 t
N Y <fc East River Gas
(Jou OS See Stock Excli list
14
(Nevada). 1 f l.P
Tonapah
Baldomero Mining
5
J-J aiaS/ 115
BklnCrosstn 58 1908. J-J 102
1st 5s 1944
IS
20
Trenton Potteries com 1 00
1|Barney<S; Sm Car ...100 "so" 21
111
Consol 5s 1945
J-J §109
BknHgtsl8t58 1941 A.O 104 105
9i
94
Preferred
new
100
135
100
BklnQCo&Sub -See Stk Exch list N Y & Richmond Gas.lOO 35
Tl Pref erred
U.">
75
3413 3511? Trow Directory new. .100
Bethl'm Steel Corp... 100
Nor Un 1st 58 1927. M-N §104 107
Bklyn Rap Trau -See Stk KXC)1 Usl
\
10 t
86 H. Union Copper
85
Preferred
1
00
150
^Standard Gas com ..100 130
llConey Is. & Bklyn ..100 340 350
97
100
Union Typewr com.. 100
Coll.tr.g. S.Los 1914.... 103
99
100
llPreferred
100 155 170
1st cons g 48 1948.. J-J
Ist preferred
100 115 117
50 140 150
M-N 110 112 Hi Bliss Company com
BrkC& N 58 1939.J-J 113 115
Ist 58 1930
115
120
preferred
2d
100
145
130
Preferred
50
GrSUfeNew 1st 53 '06 F-A 100
C liat
Bond& Mtg Guar.... 100 410 420 Unit Boxboard& Pap.-See Chi
Gr'pc &Lorimer St 1st 6s 102
195
152
lOo
U. S. Casualty
OTHKB CITIES
Borden's Cond Milk. 100 148
Kings Co. Elevated
t;
SHi
100
116
U S Cotton Duck
100 113
Preferred
98
Ist 48 1949 See Stock Excli Ust
Amer Light & Tract. 100 94
IK
Envelope
com...
100
7
S
6^4
U
5 t
British >oI t;opper
Nassau Elec pref
100
75
100 104 105
Preferred
87
'4
89
100
1j Pref erred
3 t
H,
Camden Land
58 1944
A-U 110 113
50
Bay State Gas
45
45Hj
128
V S Leather new (wi)lOO lol
100 125
Celluloid Co
96
99
Ist 4s 1951
See SI k Exc h list Binghamton Gas Ss 1938
101-2
Preferred new (w i)100
20
17
Cent Fireworks com. 100
N Wb'g&Flatl8lex4'2,s 101 104 Brooklyn Union (+as deb
9o'
9838
(wi)
New
08
75
71
100
Preferred
193
Bteinway let 68 1922.J-J 5119 121
68 1909 conv '07... M-S 191
41-2 V S Steel (iorporation4
100
Central Foundry
7
6
Buttalo City Gas stocklOO
24I4 24^4
Coltr 8l5s'51opt '11 .. §112
100
Preterred
1st 5s 1947 -See Stock Exch list
OTHER CITIXS
t'oltrsf 5s '51 not opt.. §112
81
Deb Os 1919 op 'OlM-N 80
Consol Gas of N J.... 100
U S Tit Gu<& Indem.lOO IM) 138
100 160 170
Century Realty
Buttalo Street Ry95
§93
J-J
1st 58 1936
6
7
Universal FireExt'r. lOO
Cliesebrougli -Mfg Co 100 440 480
lst consol 5s 1931. .F-A
112^2 Consumers' L H & Pow —
1
Universal Tobacco. ..100
100 110
Deb 68 1917
City Investing Co...
A.O «105 107
J-I) §110
58 1938
5
100
Preferred
Chicas/o City Ky
TlClattiu(H B) com.. ..100 106
50
See C liicago list
UDetroit City (4as
'99"
Bronx
&
Westchester
96
100
Columbus (O) St Ry..lOU
Ijlst pri-ierred
103
Elizabeth Gas Lt Co.. luo 250 300
170
Title & Mort Guar Co
100 100
1I2ri pre^erreil
Preterreo
loo llli^ 114
Essex & Hudson Gas 100 127 H, 1281.2
Westingh Air Brake.. 60 tl47
list
Ex
tk
SsSerA
S
Indus
See
Colo
Coloni Ry con 58 See Ph Ua list
50
Fort Wayne 68 1926. .J-)
White Knob Mining. 10 t
72
70
Series B
Crossl'wn l8t5s'33.J-D 108
65
62
Gas<fe El Bergen Co. .100
1^4
2
New stock (w i)
80
65
Col & Hock Coal&l pi 100
Grand Kaplds Ry
lOO
b'J^ 63^4 Grand Rapids Gas
Worthing Pump pref. 100 118 122
92
J-J § 85
l8tg58 1917
Preterred
F-A §101
loo
ST\ 89»4
Hist 58 1915
^8
he
Lake St (Chic) El See C hicaso list
100 113'2 114>4 Compressed Air Co. 100
Hudson Co Gas
but not a very active security
KxclUMige,
stock.
Sells
Stock
on
INew
« Buyer pays accrued interest. 1 Price per share. tSale price, a &x rights, xlix div
T|
Pittsburg Brewing
Preferred
Pittsburg Coal
Preferred
•.
*
-
W
11
W
Mm
.
:i
nn
.
. .
'•.
S
BOSTON STOCK EXOHANGE-Stock
Share
— Not
I'rice?*
Mon-iay
April 10
Saturday
April 8
24H
180
175
260
260
155
155
155
24S
248
•179
180
20^4
20%
»«
261
»2'J0
155 Hi
1557j,
.'4S
179
180
246
Hj
31
3334
80
177
125
791-i
176
33
79 Hi
177
3'^Hj
79
•
1-J4H2 124H2
L87Hi
21
09
25
J-TK/au
It
April la
lor Year
lianqe tor I^eviout
19U5
Week
Ska re
EXCnAXGE
April 14
Range
.Sales
of the
BOSTON STOCK
Hi/) heat
Lniuest
I.
Tear (1904)
Lowest
146 Hj
146H2I47
75
*70
91
21 « 2II4
69
09
'e
-•2438
2023,
202 Hi
34 Hi
80
176
125
1S7Hj
70
sauta FelOO 4,281 85 ig Jan 25 93 -Is Mar 9
lOu
93 99 k Jan 2." 104 18 Mar y
200 Boston cfc Albany
lOO
46 254 Jan 3 201 Apr 4
156 156
156
4/^8 a;151 Jan 25 158i4Jan 5
156 Boston Elevated
100
246 248 -240
Boston & Lowell
97 242 k Jan 3 249 Mario
100
180
180 Boston & Maine
17yHilS0
251 173 Jan
100
185kMarl4
35 171 Jan 6 175 Apr 8
Do pref
100
Las( ^al* 30?
Apr'Oo Boston & ProvidencelOO
305 Jan 18 307i4Mar30
34
34 14
34
34 14 Boston&Wor Elec Co.... 4,822 13kJanl7 35 Mar22
80 14 82 Hi
8118
82
Do pref
2,720 63k Jan 17 82 k Apr 13
*
174 175
175 Chic June Ry & U S y 1 00
70 150 Jan 13 182 Mario
*
124 Hi I2414 124 k
Do pref
60 124 Jan 9 132 Feb
100
Last .salt /S7k Mar'Oo Con<fe Mont Class 4. .100
1S6 Jan 4 l8934Mar25
Last Sale Itio
Mar'05 Conn & Pass Riv pref 100
160k Jan 19 165 Feb 6
Last .Sale ^Uo
Mar'05 Connecticut River... 100
285 Jan 12 295 Feb 7
146 147
147
147 Fitchburg pref
142
Jan 3 148 Maris
190
100
Last .Sale 75
Mar'05 Ga Ry& Electnc....lOO
59 k Jan J 6 76 Marl4
Last Hale yj
Mar'Oo
86 Jan 4 92 Mar24
Do pref
100
Last Sale 185
Mar'05 Maine Central
175 Jan 24 185 Mar 9
100
•
2II4
21 14
22
Mass Electric Cos
100 1,230 13kB^ebll 23 Apr 3
*
55 14 Feb 11 70i8Mar30
69
69
305
68Hj
Do pref
100
•24I4 25 14 ••2418
243g Mexican Central
100 2 134 .Jan 3 25kMarl4
100
203 20334 20334 204 N Y N H & Hart.. ..100
977 198 k Jan 4 210kFeb 4
Last ale 167
Mar'05 Northern N H
165 Jan 19 167 Feb23
100
Last Sale ^33
Jan '05 Norvrich <fe Wor pref 100
232 Jan 24 232 Jan 24
210 210
210
210 Old Colony
22 205 k Jan 5 210kApr 6
100
Last Sale W34 Apr '05 Pere Marquette
79 Jan 9 102 Febl4
100
Last Hale Si
Apr'05
78 Jan 4 87 Feb 6
Do pref
100
60
50
63
63 Rutland pref
20 60 Apr 13 72 Jan 19
100
Last Salt 1?
Mar'Oo Savannah Elec com.. 100
15 Jan 13 17 Mar20
LastSale 4 Hi Mar'05 Seattle Electric
50 Jan 5 55 Jan 13
100
9b H) 98 Hi
98 Hi
98 k
91 93 k Jan 9 100i4Feb25
Do pref
100
132=8 134 'e 13434
13034 Union Pacific
100 33,550 113 Jan 6 137i8Feb25
99 14
99
99 k
99 Hj
Do pref
151 9634 Jan 11 101=8 Feb20
100
Last Sali 1 73
Mar'05 Vermont & Mass
172 Jan 18 175 Mar 2
100
97 14
97-4 971-j
98 West End St
516 93 Jan 3 99 Mar21
60
116 116 •116
117
233 112 Jan 3 11634 Apr 4
Do pref
50
Last Sale i43s Mar'05 Wisconsin Central... 100
2118 Jan 27 25 Feb 23
Last ^ate 43 Ha Dec '04
•••••> **>- .--...
.....
Do pref
100
Last Sale 147
146 Mar20 147 Mar28
Apr'05 WoicNashifc Roch..lOO
lUiscellaneous
2479
28 Amer Agricul Chem.lOU 27,833 19HiJan25 28 Apr 14
24Hi 2434
90
90
90
92
Do pref
100 2,537 86 Jan 3 93 Marl3
4I4
4 '4 Apr 13
434
-l
6 Feb 20
50 1,022
4k Amer Pneu Serv
•
22
22
22
Do pref
344 20 Jan 17 25 Jan 5
50
14234 143 1« 143 k
144% Amer Sugar ReJin.... 100 3,810 139 Jan 25 149 Mar 2
138 Hi 138 Hi 138
138 k
Do pref
210 136 Mar23 140i8Mar 7
100
144 144 H; 144 ig 144 k Amer Telep & Teleg. 100 3,960 142kJan24 148 Jan 4
30''8 33*6
34 Hi
37 7e Amer Woolen
100 22,640 21 Jan 23 37 7, Apr 14
106 106
lOtik IO634
Do pref
100 6.252 92i4Jan 3 109 Mar31
3 14 Maris
Last Sale ^'^
Mar'Oo Boston Land
3 k Jan '23
10 ......
120 120 *120
120 k Cumberl Telep & Tel 100
Mar25 124 Jan 6
5 119
2134 22
22
2-234 Dominion Iron <fc St
1,550 17 Jan 24 247gMarl6
•6I4
*6i4
6i4Mar30
734 Jan 10
400
6k
6k East Boston Land
256 256 '255
256 Edison Elec IlUun...lO0
165 250 Mar 3 257 Apr 6
191
I82H1I8334 184
184 General Electric
847 182 Jan 25
Jan 17
100
4479 44'e
44Hj
44k Mass'chusettsGasCoslOO 2,168 38i4Jan 6 45i4Apr 3
85
8478
85
85
Do pref
679 SOi4Janlo 80 k Maris
100
LastSale 19? Apr'05 Mergentlialer Lino.. 100
191 Jan 6 202 Marie
1^4
1
Fob 6 2 Jan 4
134 Mexican Telephone.. 10 1,221
I'-J
Ik
1391*140
13934
13934 N E Telephone
683 134 Feb 17 140 Jan 5
100
LastSalt 2 lie Mar'Oo PlantComt'ststk comlOO
234 Jan 9
1 Feb24
Last Sale li
10 Jan 6 17 Jan lo
Mar'05
Do pref
100
245 245 >4 245 Ha 245 k Pullman Co
100
190 238 Jan 3 252HiFeb2»
• 934
•934 10
8 k Jan 12 10'4Feb'23
25
10 Reece Button-Hole.. 10
109 109
.>•*
196 105 Feb 24 114 Jan 5
Swift <fc Co
100
Last Sale 2?
23 Jan 1» 23 Janl8
Jan '05 Torrington Class A.. 25
LastSale J6
25 k Jan 5 26i4Janl6
Mai'05
Do pref
25
Last Salt i
4 Jan 6
3 Jan 27
Apr'05 Union Cop L'd <fc Mg. 25
10834 109 Hi 108^4
106
Jan 10 116 Feb2o
109 United Fruit
100 1,251
88 Hj 89
89 k
90 United Shoe Mach... 25 3,420 0134 Jan 3 90 k Feb 17
33 14 33 Hi
33 k
3376
Do pref
25 1,264 3l3bJan 3 39 k Feb 16
13 Hj 13 Hi •-••••
100
200 12 Alarl5 14 k Jan 16
...... U S Leather
LastSale i 6*4(78 Apr '05
look Jan lu 108 '8 Apr b
100
Do pref
*>*••
Rubber
10 3475 Jan 4 4434 Apr 7
>.••«• U S
100
100
10 98 '8 J an 6 117 k Apr 7
Do pref
37 14 3734
37 Hi
3734 U S Steel Corp
100 13,45-2 28i4Jan25 38 k Apr 7
102HjlO3''fe 10314
10334
100 15,436 91 14 Jan '26 10334 Apr 14
Do pref
•50 •65
*-50
-65
West End Land
25
500 •40 Mar30 •67 k Jan '20
18
*18
16
20 West Telep & Teleg.lOO
364 IS Jan 17 22 k Feb 6
10134 10134 *
101
100
Do pref
75 97 k Jan 24 104 Feb 8
•88
90
•87
90 Westing El & Mfg. ..50
74 SS Jan lo 92 Mar 9
LastSale yo
92 Feb 8 99 Mar20
Apr'Oo
50
Do pref
90
21>4
147
75
•2414
21
90 5g Atoh Top
Do
102-V
.fe
pret
26(1
f-
"-J
k'
69
•
253e
20234
10238
260
;!
*307
'91
2034
09
25
202
260
155 Hi
-3<)7
-91
•68
69
•24 "2 25 H;
2U2i2 2027t
ii.\irfMa
260
173
I46I4 I46I4 *146i4l48
*70
•70
75
75
*91
STOCKS
8978 89 7f,
89\, 8n3,
•10234 103
10278 103
8878 8934
10234 103
24 S 248
17934 lao
•
Prices
'J
Weekly and Yearly
Record, Daily,
25I4
202 Hi 203
.'i
209
210
100
83
210
100 'v
83
210
<-?
*
•
210
210
*15
-15
•54I2
54H!
-54H2
'97
•97
98
130Hjl327fe
99 14 99^4
98
1303i, 1.^1^4
'99I4
9934
97
9712
Hj
116
97
Hi
116
116
9934
9934
97H2
97H2
243b
2434
2434
25
24
90
90
89 'b
90
89
434
5
47^
•21
23
143 "ij 144^4
139 139 H
145 145"-.
106»4 107 14
•3 "a
3^4
90
5
4Hj
23
22
141 Hj
138
144
30
105
14258 143^4
139
145
30 Hj
105*4
*119'4
223,
2134
*638
6Hi
256
188 Hi 189 iv 187
•4454 45
*44'4
8u
85
ir5
•197 198 •196
256 H. •256
187Hi 185
44I4
45
84 14
85
•197
199
•223^
"038
23
6S
25U'-:256'ii
I's
139
*3Hj
134
139'^,
2
1^4
I'i-
139
139
13y
•Ik
*ll4
334
•50
-65
19
»101
20
102
91
100
91
•95
5>,
21*4
83>8
5
30
o^
'ii'ht
102
90
100
90
256
256
186
183
184>4
85
198
134
211.,
21
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232
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93 k J'ly
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Apr.
—
5
BONDIS
Price
Week's
Range
tVidav
April li
Ranye or
Since
BOSTON STOCK EXCH'GE
14
Am Bell Telephone 4» 1908
Am Telep<fe Tel coU tr 4s. 1929
Bid
100
J-J
J-J
Consol 58
Boston & Lowell 4s
Boston & Maine 4V2S
Last Sale
M-S
A-O
Nov
M.S
1924 M.S
Bosttfe
Mon
1021.2
113
A-0
J-L
89
.\-o
A-O
AA-N
106
.Vl-N
A-0
109
102 12
.
99
1021-2
Mar'05
99
.
10913 Mar'05
M-S
M-S
M-S
FremtElk&MoVl8t68..1933 A-O
1933 A-O
Unstamped Ist 6s
i0234
103
103
102 12 Apr '04
'.
IIII4 M ivy '02
140=8 Apr '05
140H2
14034
CB&Q coll tr48 1921
1401^2
98 7g Sale
J-J
1921 Q-J
Registered4s
Sale
A-O 101
MS
Mar'05
109
109
109 14 Mar'02
II2I4 Jan '03
Note— Buyer pays accrued interest in
Mar'05
98=8
99
98 Sg
98Sf,
Shfii-e I'ricew
Saturday
April 8
— ^ot
Mondag
'Juesday
April 10
April. 11
97«8
KanCStJo&C B
LR&FtSraldgr
99
I2
9.13^
81
89
April
MS
A-O
1021-2
100
10734 1091-2
10278 103 Si
Ask Low
High
Low High,
101l8l0il-4
1st 8
t
100 ig Nov'04
120 >2 Sep '04
102 J'ne'03
118 May '04
76^8 Mar'05
25 Mar'05
163e Nov'04
75 J'ne'03
102 13 Aug'04
97
98
102 12 Dec'04
103 Aug'04
77
J'ly
J'ly
J-J
J-J
98
Sale
A-0
10334 Apr '05
IO6I4 Feb '05
J-J
J-J
100
100
F-A
J-D
F-A
1110278
J-J
J-J
J-J
J-J
6s. ..1919
all
Boston Bonds.
"
No iirice
Friday
Exchanges— Stock Record,
;
103
(For Bonds and Inactive
101
108>3
125»3
9715 98 1-.
9434
93
103 105
IO5I3IO6I8
32
7008
767s
25
25
94
96 13
10334 10334
106
Dec'04
Dec'iM
106 14
110
Sale
Sale
1T98
'05
110278 10278
125 13 Mar'05
103 ig Apr '05
124^4 I2513
103 1*10318
Jan
102 Mar'02
99 13 Mar'05
105 H, 105 13
107 Feb'03
104 Nov'04
134
TI1S5
110
110
9912.
1197
=
99 13
97
1041310634
in8i3ii.ii;ia
I0713II
113
1192181197=8
1198
102 14 Sep '04
105
IO6I4 Mar'n5
10234 Apr '03
1031* Jan '05
IO5I4
105
Sale
1191
lim
111
latest bid
Daily,
Range
01
1001310213
100
108
125
IO4I4 J'ne'04
MS
139 14058
139 140 k
981410114
9818100 12
Friday
April 14
Jantcarji 1
A-O
A-O
A-O
J-J
AOTIVK .STOCKS
Thursday
April IS
I'i
M-N
M-S
Rutland Ist con gen 4i28,1941
Rutland-Canadian Ist 4sl949
Savannah Elec 1st cons 58.1 952
Seattle Elec Ist g 53
1930 FA
Torrington Ist g 58
1918 M-S
Union Pac RR&l gr g4s.l947 J-J
1911 M-N
1st lienconv 4s
United Fruit conv gen 58.1911 M-S
U S Steel Corp 10-60 yr 5s. 1963 M-N
West End Street Ry 48
1915 F-A
Gold4i2S
1914
Gold debenture 4s
1916 M-N
Gold 4s
1917 F-A
Western Teleph & Tel 58.1932 J-J
Wisconsin Cent 1st gen 4sl949 J-J
Wisconsin Valley let 7s. .19091 J-J
126
I'er Centiiiii I'rice-t
Wednesdai/
RepubVaUey
1081^2
98
J-D
1905
1924
Old Colony gold 4s
Oreg Ry & Nav con g 48.. 1946
1922
Oreg Sh Line 1st g 6s
IO8I4 109
101
A-O
A-O
A-O
1st 6s
99112IOOI4
126iii 1261^
126
108
......1915
N Y& N'Eng l8t 78.""".'."l905
^^"s
96B8
•dbh.
Sitice
Last Sale
101 14 Mar'o5
IOII2IO2 102
102
12818 J'ne'04
101 Jan '05
108 ....
103 Mill '05
125 I25I0 125 Apr '05
98 14 Sale
98 14
98 14
9334 94 S2 94
94 14
IO4I2...,
10413 Apr '05
10513 Mar'05
F-A
1906 A-O
1907 A-O
1908 A-0
6s
63
5s
101^4
9958
Week's
Ranye or
lst78...1905 J-J
New EngTeieph6s
100
J-J
1st 7s. .1907 J-J
Maine Cent cons 1st 78... 1912
1912
Cons l8t4s
Mara Hougli<fe Ont 1st 6s.l925
Mexican Central cons 48. .1911
Jan 1939
1st cons inc 3s
Jan 1939
2d cons inc 3s
Mich Telep cons 5s tr rec.1929
Minne Gen Elec con g 5s 1929
New Eng Cot Yarn 5s 1929
102^4 10234
addition to the purchase price lor
Philadelphia and Baltimore Stook
1910
deben 5s
Non-convert de ben 5s. ..1913
Ist
.1917
7s.
la FaBs <fe Sioux C
Kan C Clin <fe Spr Ist 5s...l92
Kan C Ft S& Gull 1st 7s. .1908
1928
Kan C Ft Scott cfe M 6s
1934
Kan CM & B gen 4s
1934
Assented income 5s
Kan C & M Ry cfe Br 1st 5sl929
Range
Price
Friday
April 14
Bid
1061^108
Feb '05
126
108
J-J
M-N 108
A-0
107
10014
10014
126I2 ]Mar'05
J-J
J-D
J-D
A-0
94 14
•^a^
Illinois Steel
1^4
107
107
100
J-J
W
9934 IOOI4
99^8
99 Sg
961? Mar'05
99«8 Sale
J-J
W
Low High
1
101\ Mar'05
Dec '02
F-A
M
GtNor
Sale
J-J
B&
A'o
129 4, Sep '04
117 14 Feb '03
SSi^
89
100 Sep '04
107 Jan '04
100 14 Feb'04
105 J'ne'Ol
Sfl-X
M-S
1
97 5^
96v 202 94
Mar' 05
108 108
102 Vi 2t 10218 '5104 1-2
102^4 Feb '05
99^4 Mar'05
100 J'ne'Ol
<^-F
BOSTON STOCK EXCH'GE
Week Ending Apeil 14
110 Feb'04
104i2Apr'00
117 Feb'04
99^8 Jan '02
101 Mar'03
112i2Jan'03
112HiDec'04
F-A
J-J
J-J
J-J
January
997^
96i«Apr'05
96 "2 97
issue 7s... 1904 M-N
3(1
i)6'>4
cqar
1417
BONDS
Migh
99^5
108
1907 J-D
1944 J-,T
Improvement 48.,.. ...1905 F-A
Boston Terminal 1st SH^s. 1947
1918
Bur & Mo Kiv ex 68
1918
Non.exempt 6s
1910
Sinking fund 48
1917
Butte <fe Boston 1st 6s
1st
7s. 1916
Cedar Kap & Mo K
1909
2d78
Cent Vermt 1st g4s..Mayl92(i
Chic Burl & Q extend 48.1905
1919
lo-wa DiT 1st 5s
1919
lowaDiv 1st 48
1913
Debenture 5s
1922
Denver Exten 4s
1927
Nebraska Exten 4s
1921
SW8t4s
1949
llUnoisDiv3i2S
Joint bonds See Gt Northern
ChicJcRy<fe Stk Yds 5s .1915
CoU trust refunding g 4sl940
Ch Mil & St P Dub D 6s.. 1920
Ch
<fe St P Wis V div 6sl920
Chic & No Mich Ist gu 5s. 1931
Mich gen 5s. ...1921
Chic &
Concord & Mont cons 48. .1920
Conn & Pass R 1st g 48.. .1943
1927
Current River 1st 5s
lst48...l94G
DetGr Rap&
1913
Dominion Coal Ist 6s
1906
Eastern 1st gold 6s
1915
Fitchbnrg48
1927
4s
Low
A.tk-
100^4
96^6 Sale
Atch & Nebraska 1st 7,s..l908
Atch Top <fe S Fe gen g 4s. 1995
J'lyl995
Adjustment g 4a
Boston Elect Light 1st 68.1908
.
J
Boston Bond Eecord.
15, 1905.]
Week Ending Apkh,
3
'
103
15 103
105
1191
91
Jan '05
Apr'05
and asked.
IO313
"a
IIII4IIII4
H Flat price.
Weekly, Yearly
Year
lor
iange /or Previoui
'ycar(iyU4i
1905
the
IO6I4IO6I4.
Week
Stocks see below)
Lowest
sharei.
Highest
Highest
Lowest
Baltimore
22 13
40
*21
40
•
...
64
27 14
22
40
40
40
14
14
14
14
*5334 54
2718 2715
*634
7
*13
I315
12 14 I2I4
1434 1434
54
5418
271*
54I4
27
54I4
1218
n\
I2I4
3434
46
109
47
47
'
54
27 15
7
123e
14'-2
4334
•10834 I0914
6378
"^^
46
46I4
1136
1138
61^ 31 Si
4736 4716]6
*4578 46
*44'8 45
*60
60
115''8ll6>¥
13
27
46
221-2
4I3
71
11
1
14
27
46
111.2
31 1^ 3134
47 14 48
*45^8 46
45
45
60 '4 eoi4
116 11614
Is
•
45
45
'a
iiO
27 14
634
12=8
1218
im
3138
47
14
*4578
6OI4
4 13
iK
7138 7111lK
46=8 47
llVj
11
3134 3334
6OI4
115=8 115=8
"^4
4778 493ie
*45 7e 46
45 ig 4534
46
45I16
45
00
6'p
1234
I214
151.2
15
47 13 48
10834 109 14
64 14 6478
71S.
4638
III4
31=8
47=8
46
45
115iall6
27 13
634
46
14
54
123^
46 1^
1
L
54V!
12 14
I413
47
a;7034
3II3 3134
47Siy47i»i6
•^54
634
108 13 109
63
63 •^e
"Vi^ 14
141.2
1234
I2I4
14 I3
4634
71-\
1
90
luei-^
60^
601-2
115 13 11578
54I4
27I4
*6l3
1234
12^4
634
1234
I2I4
*14
15
4734
4734
108 108
6378 61=6
43g
7134
4634
4'.i
7218
471*
11 14
3418
35
49
46
49'i8
467,8
111.2
45I3
45
00 7g 60
Bid
Ask
I'HILADEI.FHIA
Inactive Stock.s
ig
I3
'f.
11534 11634
American Cement
lo
Amer Iron <& Steel
5o
Bell Tilephone
50
Cambria Iron
50
Central Coal & Coke.lOCi
Prelerred
100
Consol Trac Pitts
50
Prelerred
60
Diamond State Steel
Prelerred
Eastoii Con Electric. .50
iilec Storage Bait
100
Preferred
100
Germanlown Pass
50
Harrison Bros prel. ..100
I udiaiiapolis St
100
Inter Sm Pow & Chem.50
Q\
63,
59
CO
48 1*
48iii
I3
«8
15"-'
t5l4
&
50
Schuyl H..50
50
Nesquehonmg
N Haven Iron &
1191..,
ChOk&G gen 5s '19 J-J
Col St Ry Ist con os 1932
Con Tracof N J 1st 5s. '33
E & A 1st M 5s 1920 M-N
Elec & Peo Tr stk tr ctfs
Elm WU 1st 6s 'lO.J-J
46
HOW;
110
iio'-j
11412
Gas-L Ist
H & B Top con
i:
5.'i
58 192.S
'25
135
22 13
12
62
66
......
Lehigh
RRs
Nav
4s g
Railways General
Snsqueh Iron
&
Tidewater Steel
Preferred
50
lo
S34
21^
134
Steel..
lu
10
United N J RRdfcC.ioo
Unit Pow & Trans
25
United Trac Pitts
50
Preferred
5(i
Warwick Iron & Sttel.lo
West Jersey <fe SeaSh.,5(
Westmorelanit Coal...5(
•
9978 100
bUl4
89
033.i
1914. y-F
'276"
63,
27 i"
7
No Penn
Ist 4s '36.
11513
128
152
is
Ask
Atlau Coast LiueRR 100
Atlan Coast L (Conn) 100
Canton Co
100
Georgia Sou & Fla...lO0
1st pref
100
2d pref
100
GB-S Brewing
100
& Pot 58
& Ch Ist 7. ..1907 J-J
Atlan C L RR4al952M-S
113 14
119
11913
10513
10313 104
108 13
no
99
85 V!
11634
92S,
32
99
70
91^
7'ii
65
ex-dividend.
Ext* Imp
58.1932
MS
U Ex-rigUte.
f
$15 pauL
Dec
Deo
Nov
40
3fov
ld>4Deo
14913
379
91
40
lUl
75
91^
8
10034
116
J'ne
51
1818
May
26=8 r)ec
igMay \ 918N0V
ISgMay nSSgDec
Feb lli4Nor
734
5i3J'ly
20
Aug
1 4 1.2
44 I2
Charl C
2d 7s
Nov
Not
62I3 Jan l31i3Dec
3334 Feb 59 7a Deo
27gMar 4 4 Nov
557gMar 70 Deo
37=8 May 43'gOct
5 May lO'jDeo
8 Jan tl9 Nov
19i3Mar 4II4 Deo
38 Mar 46 Deo
28 Mar 42 13 Dec
45*4 Jan 59i4Deo
81 May 108 Deo
1934 Oct
22
J'ne
Ask
Bid
BALTI.>I01tE
96
& A ext 5s. '09 J-J
1910 A-O
Col<feGrnvlst68.1916J-J
Consol Gas 6s. ..1910 J-D
1939 J-D
5s
Gaifc Ala 1st con 5s '45J-J
Ga Car & N 1st 5s g '29 J-J
Georgia P 1st 6s... '22 J-J
GaSo & Fla 1st 5s 1945J-J
G-B-S Brew 3-43 1951M-S
2d income 5s 1951 M-N
115
il6'
110
II6I4
124
115
(0'.4
5934
3134
32
77
34 14
77
34
Knoxv Trac 1st 5s '28-A.-0
LakeR El 1st gu5s'42M-S
M etSt( Wasli) 1 st5s'25 F A
Cot
Duck
Ist 5s.
Npt N<feO P 1st 5s'38 M-N
1941 M-S
General 5s
Norfolk St 1st 5s '44. .J-J
North Cent4i.28 1925 A-O
J-J
68 1904
A 58
Series
Series
Pitt
14
«a
110
no
1926. ...J-J
B 5s 1926.. ..J.J
Un Trac 5s 1997 .J-
Poto Val l8t 5s 1941. .J-J
SecAvT(Pitt8)5s'34 J-D
Sav Fla & West 58 '34 A-O
Seaboard A L 48 1950 .\-0
Seab & Roan 5s 1926. J-J
South Bound Ist 5s. .A-O
UEl L&P 1st 4 i3S'29 .M-N
Un Ry El Ist 4s '49 M-s
<fc
Income 48 1949
Va Mid
J-D
MS
n^ia
116
88
112
88 «
92
'4
92 "a
62
-.
623*
let 68 1906...
107 14
2d series 6s 1911. ..M-S
3d series 6s 1916.. M.S
4th ser 3-4-5s 1921.
II713
12036
1184
5th series 5s 1926. M-s
Va (State) Ss new '32. J-J
Fund debt 2-3s 1991.J-J
West N C con 6s 1914 J-J
ioe"
WesVaCcfePlst6g'll J-J
Wil & Weld 5S..1935.J-J
MS
102
Oct
43
Incomes
106 J4
m
Chas City Rv 1 st 5s '23 J-J
1978
86
11191..
Chas Ry G <fe El 5s '99 M-S
Mt Ver
165
148
365
Atl Coast L(Ct)cUs 5s J-D
J-J
Ctfs of indebt 4s
Bait C Pass l8t 58 '11 M-N
Bait Fundg 58.1916 M-N
Exchange 3 I3S 1980J-J
Refunding 3 1.28 1952J-J
r 1 1 A-O
Bait <fe P 1 St 6s
Bait Traclst58..'29 M-N
No Bait Div 5s 1942 J-D
Convertible 58. '06 M.N
Cent'l Kycon5sl932 M-N
3
5712 Jan
71 J'ne
7 J'lie
1334 J'ne
534 J'ne
City&Sublst5s..'22J-D 114
Oity& Sub(Was)lst5s'48
Inactive Stocks
.A.tl
Consol 6s c 1905. ..Var
Consol 5s c 1919. ..Var
Loweet
BALTIIUOKE
.\tlanta & Charlotte.. 100
Mar
'2
Anacostia
Penn & Md Steel con 6s.
Pa cfe N Y Can 78 'OO.J-D lOi's
A-0
Con 5s 1939
A-O 100
Con 4s 1939
Penn Steel 1st 58'17 M-N
People's Tr tr certs 4s '43 ioil-V
P Co lst<fe col tr5s'49 -M-S 110 14
1|
W
MtVernonCot Duck
Unit Elec L & P pref.50
Bonds
.MN
M-S
Deben 68 1905
Penn gen 68 cl910..Var 113
Bid and asked prices; no sales on this day.
M
M
M
M
13
2213
6=8 Mar22 SSieJan 4
12=8 Apr 13 1534 Jan 4
10i3Jan25 12=8 Feb 20
10 Jan 9 1714 Jan27
40i3Jan 7 49 Jan 26
104 Mar25 lUigJan 3
52i3Jan 9 70 Feb 25
438 :,lar24
534 Jan 17
67 13 Jan 25 7334 Marl
4034 Jan 25 4Si3Mar'.i7
9=8 Jan 11 12
Mar30
11734 Jan 4 §35i«Aprl4
39=8 Jan 13 4934 Mar 9
45i3Feb2o 47 Feb
42 Jan 9 46i4Mar 9
58i4Mar 9 6078 Apr 14
105 ig Jan 6 118i8Mar30
20 Feb 28 28 Jan 17
A&O
"ei"
North Pennsylvania.. 50 104 V 10478
Annuity 6.s
5(i
Penu Gas Coal
Gen cons 4s ad-int ctls. 100=6
Pennsylvania Salt
50
Leh V Trac 1st 48 '29. J-D
Pennsylvania Steel.. lou
New Con Gas 5s 1948 J-D
Prelerred
100 102 103
Newark Pass con 5s 1930
Phila Co (Pitts) pref.. .50
48 14 481.2 N Y Ph & No 1st 4s '39 J-J 102
Phil German & Norris.50 158 '4 15J
96
Income 48 1939. ..M-N
Phila Traction
M
40
Apr 13
Feb 24
Apr 11
Mar29
90
no
Jan 3 5414 Apr 4
25i3Feb 2 283gFebl7
104^2
78I4 7834
U Trac Pit gen 5s '97 J-J
Welsbach s f 58 1930.J.D
413S '14 .Q-J
J-D
J-D
104
109
Gen M 413S g. 1924. Q-F 10934
'6214 Leh V C 1st 5s g '33. .J-J 115
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S 116
"4"
Consol 6s 1923
Steel.
Bid
Sis'
F-A
1943
3-31-2-48
PHILADELPHIA
Phil Elec gold trust ctts.
Trust certils 4s
P
E gen 5 g '20. A-O
Gen
4s g 1920..
Ph
Read 2d 5s '33. A-O
Con
7s 1911
J-D
Con
6s g 1911. ...J-D
Ex Imp 4s g '47.A.O
Con
of '82 4« '37. J-J
Terminal 58 g 1941. Q-F
P
& B col tr 48 '21. J-J
Rochester Ry con 5s 1930
U Trac Ind gen 5s'19.J-J
&
M
&
Jan 11
48
Steel
Un Rys Tr ctfs 4s'49J&J
A-O
Indianapolis Ry 4s. 1933
Interstate Rys
8434
205 102 14 Feb 16
807 16 Jan 13
338 35i3Janll
92 13 Jan 19
10034 IOII4
ifc
EC| II
Lake Superior Corp..lliO
Minehill
Bethle Steel 68 1998. Q-F
93
1
au
10
104
S2
Berg&EBrw 1st 6s'21 J-J
& D Can 1st 5s '16 J-J
Choc & Me St 5s 1949 J-J
Key.st one Watch Ca.se. i (HI
Lit Brothers
Little Schuylkill
103
90
106
Clie
Keystone Telephone ..50
Prelerred
E
Electric. 50
1,215
161
50
50 4,086
400
Consol Lake Superlort.lOO
Do pref.t
100
150
Electric Co of America 10 2,825
Gen Asphalt interim ctfs.. 1,238
Do prel interim ctfs.. 1,944
Lenigh Coal & Nav.... 50
372
Lehigh Valley
50 7,174
MarsdenCo
100 2,240
Pennsylvania KR
50 10,913
Philadelp'a Co (Pittsb) 5(i 8,376
Philadelphia Electric. 25 10,535
PliUa Rapid Transit^.. 50 55,374
Reading
50 93,076
Do 1st pref
105
50
Do 2d pref
50 1,518
Union Tracton
50 2,569
United Gas Impt
50 8,9d3
WelsbachCo
100
Cambna
Bonds
ext 78 1910 A-O
AmRysconv5s 19 11. J-D
Atl City 1st 5s g '19. M-N
Balls Ter 1st 5s 1926. J-D
Al Val
100
50
100
100
Philadelphia
American Railways
Ask
Bid
Ry &
United
*20
FHlL.\l)ELl'li!A
Consolidated Gas
Northern Central
.Seaboard Air Line
Do prel
14
2714
41-2
71 ''8 71=6
4618 46'.j
90
106
41
I0914 IO8I3IO9I3
6378 64 14
6334 64
63 'j.
7108
8913 90
IO6I3IO6I2
106
131-.
I214
I413
4634
89
107
2013 22
21 13 22
14 Hi
*634
*13
88
107
ao6i3l08
Reorganization certa. $3 aasess't paid,
i
lU'..
96
96 '4
.
$20 paid.
n..
. .
..
.
.
,
THE CHRONICLE.
1418
[Vol. lxxx.
and ^ailr0ad Itttjelligjen^je.
RAILROAD GROSS EARNINGS.
[ntrjestmjetxt
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross 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 add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of tlie street railways are brought together separately on a subsequent page.
period.
LaUat Gross Earnings
BO ADS
or
Week
Month
Owrrent
Year
119,749
103,175
52.029
53,708
1
to Lates
Current
Year
Previous
Year
9
Ala Qt Southern •ithwk Mar
Ala N O & Texas i'iiciitc.
NO^NoEast. tthwk Mar
Ala& Vloksb'g Ithwk Mar
VlckBb Sh & P. ithwk Mai
Allegheny Valley Kebruary
l8t<vk Apr
Ann Arbor
July
s
98,817
t
Date
W&
ACGKKOATSS OF
Current Year Previov.aY'ar
.
4th W(;ek Feb.
Ist we(;k Mar.
2d week Mar.
3d week Mar.
4th week Mar.
l8t week Apr.
.
(50 roads)...
(47 roads)...
(48 roads)..
(48 roads)..
(49 roads)...
i36 roads)...
*
7,365,918
7,619,207
11.351,44:)
7,013,165
6,744,568
6,943,146
8,878.591
8,182,655
8,606,710
8,527,388
12,928,258
7.313,705
MStP&
8
<fe
.
2d week Jan. (17 roads)...
3d week Jan. (iOroadu)...
4th week Jan. (51 roads)...
list week Feb. (18 roads)...
2d week Feb. (46 roads)
3d week Feb. (48 roads)...
Week
or Mo7itU
StM. Istwk Apr
Mob Jack & K C. Wk Apr 1
80,022 1,850,724 1.874,426 Mobile A Ohio... Istwk Apr
48,030 1,047,426 1,008.926 NashCh
8t L.. Istwk Apr
55,790 1,100,219 1,125,105 INat'l RRof Me.\ Isiwk Apr
2,335,872
2,477,923
W
WEEKLY SUMMARIES
ROADS
Previous
Year
J>e.e. 144.809
Inc.
46,697
28,954
27,325 1,508,395 1,486,639
AtohTop &S Fe. February. 4,669,30b 5,346,860 44,692,134 46,566,459
279,179 307,552 2,182.100 2,068,954
Atlanta & Char.. January ..
66 -.74-)
447,968
78,798
53.4S8
Atlantic <!fcB1r... February.
Atl Coast Line... February. 1,738,123 1,814,949 14,009.170 13,218,232
95.620
11,793
14.624
97,831
Bait & Ann S L.. January. .
February. 4,744.660 4,634,806 44,447.564 43,461,175
Bait A Ohio
Bangor & Aroost February.. 162,782 170,156 1,364,196 1,311,856
4,9.-.4
43,202
5,232
51,948
Bellefonte Ceut'l March
31,430
30,178
2,932
2.974
IBrldgt & 8aoo K. February
;BuflRoch& PlCtt- Istwk Apr 130,713 128,744 6,129,769 5,791,918
729,823
649,534
71,443
62,833
'Buffalo <fe8u8q... February,
95,513
84,588 1,151,490 1,090,150
Oal>iorthw'n. ... March
67.300
56,500 2,917.900 2,373,300
Canadian North.. Istwk Apr
Canadian Pactilt Istwk Apr 995.000 891,000 38,548,618 34,768,136
191,750 163,050 8,064,650 7,580,071
'Cent'l of Georgia istwk Apr
'Cent'lof N Jersoj February.. 1,615,893 1,553,502 14,662,075 14,233,077
92,204
4,311
2,943
84,456
Chattan SoutU'n. 4th wk Mar
iChesap & Ohio... February.. 1,447.251 1,440,088 13,558,215 12,642.081
:Chio& Alton Ry. February.. 706,489 897,166 8,357,763 7,882,985
Ohio Gt Westoru Istwk Apr 135,657 142,985 5,915,555 6,488,918
95,601 4.237,210 4,051,179
'ChicInd&L'v... Istwk Apr 114,349
IChic Mllw <fe 8t £ February 3,311,570 3,411,192 33,588,952 33,267,287
February. 3,403,306 3,709,125 36,865,017 36,729,075
Chic & North
ChlcStPM &0. February. 761,006 773.538 8.190,733 8,151,467
27,418
26.880 1,164.893 1,209,55.8
iChlc Term Tr ItK' Istwk Apr
,CbiNO&TPao. Ithwk Mai 230,407 192,127 5,482,763 5,030,264
;C1 Cln Oh &, Hi L. February.. 1,495,775 1,464,808 15,251,879 13,903,359
208,530 233,239 1,991,048 2,008,322
Peorta & Kast'D February.
Colorado ik South 4th wk Mar 134.714 100,948 4,615,040 4,487,967
18,543
23,040
150,794
160,469
Col Newb & Lau f'ebruary..
44,949
38,030
356,884
317,840
Copper Range.... January...
34,092
February.
3,3:;6
4,584
50.887
Cornwall
19,544
15,541
164,701
162,088
Cornwall (te Leb February.
;Denv.&RioGr... l.>twi£ Apr 3u4,600 277,900 13,009,646 12,748,183
72,280
73,913
633,318
641.281
iDet & iaackinac. February..
22,696
22,492 1,153,480 1,221,679
iDetroit Southern. Letwk Apr
46,566
43,502 2,033,227 1,986,195
IDulSoSh &Atl.. Istwk Apr
February.. 2,713,080 2,998,799 29,842,427 29,801,902
Brie
3, .343
3,308
25,047
23,438
F'rchild&N'r'e'E February..
5,001
3,531
59,106
62,087
:Farmv& Powhat February..
41,633
40,068
473,798
Fon Johnst& Gl. February..
447,448
Den V City Fel>ruary.. 166,437 170,021 1,712,105 1,842,020
Ft
February..
167.368 227,804 1.640,700 1.689,774
Georgia RR
139,815 144,187 1,294,965 1,297,907
Qa South <fe Fla.. Maich
57,4,^7
35,843
GUa ValGA N.. October...
Gr Trunk System Islwk Apr 663,819 661,513 26,?7 1,374 25.986,691
177,262 160,935 3,864.045 4,007,801
Grl'r. West'u. tthwkMar
21,776 1,133,063
47,433
DetGrH&M.. -IthwkMai
960,696
3,205,003 2,811.426 31,550.475 30,229,600
Great Northern.. March
2i4,702 230,208 1,775,908 1,694,039
Montana Cent'l Maich
3,419,705 3,011,634 33,326.383 31,923,639
Total system. March
44,559 1,390,762 1,388,428
52,602
Gulf&ShipIsland 4thwk Mai
IHocking Valley.. 4thwkMar 101,316 120,156 4,491,471 4,482,569
4,294,167 4,090,660 37,764.259 35,481,969
[Illinois Central.. March
21,173
29,026
210,497
^Illinois Southern March. ..
181,100
154,770 147,069 1,023,141
924,828
IndIU& Iowa... January..
82,130
74,396
4,922,982 4.681,107
lint <k Gt North'n Istwk Apr
127,092 4,515,724 4,483.6881
Ilnteroc(Mex)... Istwk Apr 120,95
istwk
48,678
44,148
1,990,875 1,873,644
owa Central
Api
42,272 1,311,378 1,236,404
45,513
Kanawha & Mich 4th wk Mar
458,290
545,101
February.
City
South'n
5,354,204
4.394,465
Kan
442,190 438,492 2,645,763 2,770,983
Lake E n e & Westn December
Lehigh Val RR.. February.. 1,952,719 1,990,896 20,080,686 19,285,925
28,:i5S
35,003
295,401
355,119
Lexiug & East'u. February..
Inc.
10,174
Inc.
February..
343,205
Long Island
50,720
65,291
Louisiana &, Ark. February..
527,663
436,700
Louisv <te Nashv. Istwk Apr 743,115 Ic 671,695 29,694,980 28.953.745
10,4912,412
103,116
Macon & Birm... March
107,272
5,80'.
4,282
34,187
37,332
Man'teeAUr. cvwp November
42.67
41,807
241,798
Manls & No Eas: January.
231,922
3,484
Manlstiqu(i
3.920
61,099
Manh
56,359
18,769
19,901
212,479
MaryI'd in Penn.. Feoruary..
206,733
lean Cent'l.. February.. 2,048,138 2.133.880 16,764,692 16,770,424
iMex
Mexican Intern. February.. 489.544 593,542 4,352,961 4,547,438
Mexican Ity
WkMar'25 129.70(i 135.900 4,383,300 4,271,800
24.92h
MexieautJouih'u 3d wk Mat
28,593
8124>03
798,185
Milieu A: So'w'n. December.
5,124
6,347
40^89
27,402
Mineral Range.. Istwk Api
11,704
10,212
537,236
443,526
Mlnneap iV Hi 1.,. Isiwk Apr
59.055
52,156 2,318.435 2,268,5'J8
Mo Kan <fe lexuf- idtwk Api 293,231 220,159 l.'),696,963 14,136,252
MoPac&li'onMi Istwk Apr 601,000 577,000 32,406,718 32,841,123
Central Brandi Istwk Apr
30,000
27,000 1,207,440 1,434,469
Total
Istwk Api 631,000 004,000 33,614,158 34,275.592
I
Latest dross Earnings
OUOS!>i
Inc. or Dec.
Nev-Oal-Oregon March.
NY Out*
West. February..
N Y Susq & West February
Norfolk A West' February.
Sorthern Centra) February.
Xcrth'nPaolHc.. March
Ohio Rlv& West.. February.
Pacific Coast Co. February.
ePenn— EastPifeE February.
eWestPA E.... February..
Pere Marquette.. 24 wk Mar
PhilaBalt&Wsh February
Phlla
<fe
February
Erie
C C & St 1. February..
Raleigh & C Fear December.
Plttsb
Reading Railway February.
Coal&lrCo
February.
Total Both Cos.
Rich Fr'ksb & P
Rio Grande Jot..
Kio Grande So...
.
Rock
RR
Rutland
6,973,6-20
7,251,.543
7,112,251
9,475.624
7,403,362
8,016.341
7,853.800
11,643.059
6,669,538
J Mexican
currency.
6 Includes the Hous.
the Chicago * E»st<irn Illinois In both years.
Inoludud In 1905 since Jan. 1.
i,
Ic
Febrruay.,
February,
January...
Istwk Apr
February..
Isl'd Sys..
December.
JoB&Gr 1
February..
StL&San Franp February..
St
St L Southwest..
Seaboard Air L.
Southern Ind
So PaollioCo6...
Southern Rallw'j
Texas Central
Texas & Paeiflc.
Istwk Apr
February.
March
February..
Istwk Apr
4th wk
. .
TexS
V&N W
Tol
Ohio Cent
Mar
Istwk Apr
January
Istwk Apr
.... istwk Apr
Istwk Apr
Tor Ham & Butt. March
Un Pac System February..
<fc
..
.
TolP&West
TolStli&W
.
Previous
Year
Current
Year
Previous
Year
$
$
3=
3=
348,679
51,196
68,514
408,883
205.144
90.389
H'ebruary..
10,406
393,355
12.682
798,945
WrigUtsvvfe T'n.. February..
Miss. V. March.
Yazoo
.
VARIOUS FISCAL YEARS
Jan.
Atlantic* Birmingham
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Bellefonte Central
Chic St P Minn & Omaha
CI O. O. & St. Louis
Peoria ife Eastern
International & Gt North'n.
Interooeanio of Mexico
Lake Erie & Western
Manistee & North Eastern..
Manistique
Maryland & Pennsylvania..
Mexican International .. ..
;Mexican Itallway
.
:t
(Mexican Southern
Missouri Pacittc
Central Branch
Totah
tNatioual RRof Mexico
New York Central
Northern Central
ePennsy., East of P
eWestof
P&E
&E
&
Wash
Phlla Baltimore
Philadelphia <fc Erie
St Louis
Pitts Cin Chic
Rio Grande J unction
&
Texas &
West Jersey
Pacific
& Seashore
MONTHLY SUMMARIES
Mar.
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Tan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Jan.
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Mouth May
Mouth Juno
Month July
-506,975 7-00 Mouth Aug.
-169,105 2-38 Month Sept.
1-87
8-18
0-57
—597,033 6-30 Monlli Oct.
+779.293 10-52 Mouth Nov.
1-590,399 7-36
+ 673,58^•
8'58
+ 1,285,199 1104
+ 644,167 9-66
1901
1904
1904
1904
1904
1904
1904
1904
1905
Month Dec.
Mouth Jan.
Month Feb. l!»05
Mouth Mar. 1905
Feb.
Jan.
Feb.
Mar.
Feb.
Feb.
Feb.
Apr.
Apr.
Deo.
Jan.
Mar.
Feb.
Feb.
Mar.
Mar.
Apr.
Apr.
Apr.
Apr.
Mar.
Feb
Feb.
Feb.
Feb.
Feb.
Feb
Jan.
Apr.
Feb.
379,556
467,560
17,711,490
2,957,060
3,346,059
113,547
4,352,261
Current
Year
l-20,x40
6,171.743
Previous
Year
Inc. $15 9,481
$3,331,614 $3,130,451
171,561
249,397
15,002
15,381
1,690,600 1,693,216
3,110,591 2,833,227
462,306
463,527
1,448,300 1,345,901
1,657,787 1,700,343
4,970,992 5,218,728
41,807
42,677
16,032
13,649
31-2,541
309,358
1,023,371 1.176,165
1,473,200 1,521,400
270,515
259,316
9,903,724 10,837,838
465,469
375,440
10,279,164 11,303,307
3,173,245 3,162,376
18,443,08» 17,231,4.53
1,410,215 1,416,915
17,999,598 16,819,298
Inc. 9 63.600
2,036,556 1,901,456
947.866
937,011
3,943,546 3,624.928
97.917
88,028
3,239,995 3,262,849
421,354
400,654
JYloutUJy.
Current Year Previous Y^ar
-258,778 3-39 Mouth Apr. 1904 (127
+ 139,894
+ 868,28o
+ 39, .545
330,098
48,117
417,308
44,676
473,818
399,791 19.515,135
220,644 2,932,860
60,079 3,373,459
11,694
113,430
423,397 4,382.696
15.819
128,997
672,085 6,802,226
Period
Allegheny Valley
Atlanta & Charl Air Line
EARNINGS— Weekly and
P.C-
Current
Year
Wisconsin Cent.. February..
*
latest Date
132,973 6,692,746 5,515,945
10,68'.
8,624
369,283
305,070
13B,870 117,185 6,292,5-2S 6,012,893
134.322 178,897 7,779,654 7,829,968
221,823 214,880 8,843,023 8,759,014
14,858
10,903
161,144
140,905
1.865
719
21,275
22,059
7,003, 2y6 6,460,25s 60.543.494 58,440,872
419,792 455,321 4,570,472 4,371.049
201.393 225,038 1,730,359 1.689,221
1,741,571 1,686,33-. 15,4-2,279 14.847,260
670,179 719.579) 6,820,069 6,687,069
4,161,423 3,493,868 38,630,246 36,078,253
12.34"
14,684
134,808
138,957
402,282 385,297 4,125,081 3,889,081
8,688,824 8,345,424 79.449,116 79.290,416
Inc. 1 67,100
Inc. 1,59 4.500
237.091 216,491 8,959,681 7,820,042
980,016 945,416 9,067.-294 8,927,294
447,940 498,687 5,144,656 5,121,050
1,860,545 1,784.986 16,433,991 16,343,904
•24,160
24.816
3,809
4.078
2,602,203 2,574,171 23,730,970 22,751,869
3,310,330 3,429,204 23,182,314 22,147.733
5,912.533 6.003,375 46,913,284144,899,602
118,340 110,625
936,814
890,726
351,74';
41,410
45,522
374,600
371,907'
8,794
9,370
357,323
2,794,104 3,420,610 29,706,035 31,866,614
1,352,073 1,329,489
74,064 116,901
823,848
926,435
2,480,519 2,870.434 26,086,562 •24.624,150
163,686 1-24,062 6,920.600 6,137,750
1,043,850 1,115,722 8,676,983 8,336^02
107,464 110,200 1,062.915
980,196
6,582,012 6,812,640 63,241,006 63,828,095
897,148 803,941 37,388,763 35,409,949
24,678
17,297
656,859
613,201
195,053 166,956 10,236,352 9,772,072
12,000
16,100
102,100
96,200
49,372
39,221 2,989,427 2,797,643
15,760
19,194 1,000,533 1,022,344
61,623
61,640 2,860,031 2,496,660
60,209
72,410
495,089.
470,945
3,821,461 3,837,907 39,826,835 37,923,072
W
Wm'sport&N.Br.
to
161,295
Vandalla RR.—
St. Louis Dlv.. January...
Terre H. & Peo. January...
Virginia & So Wn March
Wabash
istwk Api
Jersey <fe Sea'e February.,
V/heel& LE
isiwk Apr
$
7,624,696
7,479,313
10.493,163
...
Nevada Central.. February..
N Y C & Hud Kiv Maroh
Juir 1
rds.) 132.433,290 136,783,139
(128 rds.) 30,935,613 134,660,386
(108 rds.) 113,351,491 114,280,175
1
(12.t rds.) 132,24-2,621
(122 rds.) 145,292,493
(124 rds.) 151,475,024
(1-24 r(H.) 159.732,959
(124r(l.s.( 154,304,117
(123 rds.i 146,748,102
(116 rds.) 127,073,058
61 rds.) 43.651.281
(
56,141,128
( 62 rds.)
Inc. or
Dec
P.C.
—4,349,849 3-18
—3,724,773 2-77
—928,684 0-81
139,712,599 —7,469,978 5-36
+734,020 0-iJl
144,558,473
147,338,536 +4,136,188 •J '81
154,758,622 + 4.974.337 3-21
140,909,476 f 13,394,641 9-51
136,889.610 +9,858,462 /•20
119,220,070 +7,852,980 6-58
44,914,739 —1.263.458 2-81
50,941,953 -t 5,199,175 10-21
e Covers lines directly operated,
f/ Includes
Tex. Cent, aud Its subsid. lines in botli yejii-s.
Atlanta Knoxville & Northern Included in botb years since April 1; Jt had previously been
. .
Ape.
—b
^
..
..
.
Latest Gross Earnings by Weeks.—In the table whlob
follows we sum np separately the earnings for the first
week of April. The table covers 86 roads and shows
9'66 per oent increase in the aggregate over the same week
last year.
1904.
1905.
April.
9
Ann
Arbor. ..•«.»•. •-!>Booh, a Pitteb'K
BnlCftlo
Canadian Northern
Canadian Paolflc
Central of GJeorRla
Oiuoago ureat Western.
A
Lonlsv..
Oblo. Ind'pllB
Ohio. Term. TranBter
Denver <b Rio Grande
Detroit
Soathem
Dolntb Bo. Shore <k Atl..
Gr'nd Trnntt of Canada i
Grand Trunk West .. >
Det.Gr.Hav.&Mllw.)
International & Gt.Ho..
Interoceanlo (Mex.)....
Iowa Central
LonlBvllle & KashTlUe..
Mineral Ran«;e
Minneapolis A St. Lonls
Minn. St. P. &8. 8te. M..
Mo. Kansas <b Texas.....
Mo. Paomo <Si Iron Mt. .
Central Branch
Mobile A Ohio
NashT. Chat. & St. Lonls.
National RR. of Mexico..
Rio Grande Sonthern.
.
.
Bt. liODls goathwestem .
Soathern Railway ......
Texas
&
Paolflo
Toledo A Ohio Central..
Toledo Peoria 4 West'n
Toledo St. L. dk West
Wabaeli ....
.......
Wheeling & Lak e £r le. .
.
Total (36 roads) ........
Net Increase (9'66 p.o.u.
9
Increase.
9
Deereate.
$
28,954
180,713
67,300
995.000
191.760
135,657
114,349
27,413
304.600
22.696
46,566
27,32f
128,744
66,600
891,000
163.050
142,98&
95.601
26.880
277,900
22.492
43,502
1.629
1,969
10,800
104.000
28,700
26,700
204
3,064
•••« ••••
663.819
661,613
2.806
vn»« •*•
82.130
120,957
48,678
743,115
11,704
59,056
161.29a
293.231
601.000
30,000
136.870
184.322
221,823
8,794
183,686
897.148
195.053
74,396
127,092
44,118
671,695
7,734
*•* 4.530
71,420
1,492
6,900
28.332
73,072
24,000
3.000
19,686
5,426
6,948
10.212
62,15fi
132,973
220.159
577,000
27,000
117,185
178.897
214,880
»»>»
7,328
633
-
49,87;
15.76(
81,62&
408.88t
90,389
7,318,705
6,689.538
661.657
644.167
4<A weekof March.
1905.
1904.
........
». ......
8.434
17
9,092
30,310
9
$
Increase.
9
1,274,821
20.932
Total (49 roads)........ 12,928,258 11,643.059
Net Increase (11 04 p. o.)
1,376,609
1,285,199
week ending March
17,490
£oads,
Allegheny Valley. Feb.
Jan. 1 to Feb. 28
Bridgt. & Saco R.b Feb.
July 1 to Feb. 28....
23.168
3,999
2,082
38.286
8,043
6,200
7.381
—
Net Earnings. ->
Previous
Previous
Carj-ent
Year^
Year.
Year
Year.
$
.$
10,152
10C.2S1
1,300,996
11.853
26,396
10.208
22,160
2.996
9.041
4.816
10,784
Feb.
25,612
Feb. 28
224,276
Or. Trunk of Can... Feb.
1.706.194
Jan. 1 to Feb. 28
3,711,192
Gr. Trunk West. . Feb.
366,960
Jan. 1 to Feb. 28....
789.345
Det.Gr. H. A Mil. Feb.
91.003
Jan. 1 to Feb. 28
218.018
Interooeanlc Railway of
Mexico
Feb.
488.504
Jan- 1 to Feb. 2u
971,937
Lowell Electric Light
Corporation
Feb.
20.790
July 1 to Feb. 28.
167,921
27,763
237,938
1.269,669
2.998,736
302,696
709.048
76.891
194,173
7,992
7,647
90.868
74,977
247,704 df.120,690
65,697
690,555
28,359 def.32,605
def. 973
70,077
7,300 def. 4,866
81,632
46,718
615,694
1,026,646
103,096
211.749
159,164
319,494
19,470
10,490
169,462
77,938
Manlstlqne.b
Mar.
8,920
8.484 def. 1,004
Jan. 1 to Mar. 31
13,649
16,032 def. 1.762
eMex. lnternat'l...Feb.
489,545
593,642
170,848
Jan- 1 to Feb. 28
1,023,371 1,176,165
352,586
Milwauk. GasL. Co.Mar.
62,336
Jan. 1 to Mar. 8l....
196,206
Minneapolis Gen. Electric Co...,
Feb.
56,106
27,711
51,546
July Ito Feb. 28....
459.985
406,189
237,803
•Nat'l RR. of Mex.. Feb.
932.644
931,321
270,861
Jan. 1 to Feb. 28.... 1,930,606 1,903,706
694,572
7,603
64,629
.
are after deducting taxes.
—
,
.
Current
Previous
Current
Previous
Year.
Yea?:
Year.
Year,
Roads.
Bridgt. & Saco Rlv.Feb.
Jnly 1 to Feb. 28....
Edison Elec. Ilium. Co. of
Brockton. Mass.. Feb.
$
$
$
Jan. 1 to Feb. 88....
Fall River Gas Works
Feb.
Co.
July 1 to Feb. 28....
Lowell Electric Light
Corporation
Feb.
July 1 to Feb. 28....
Minneapolis Gen. ElecFeb.
tric Co
Jnly 1 to Feb. 28.
ToL Peo.A West.. .Mar.
Jnly 1 to Mar. 31....
1,340
W*m»port«kNo.Br.Feb,
1 to
Feb. 28.
def.
$
543
531
80
def.67
4,344
4,078
5,237
6,074
670
1,052
2,121
2.326
7,701
3,764
8,663
816
91
2,596
667
7,831
72.381
7.801
90,211
930
8,871
1,580
10,753
9.660
69,067
6.072
53,875
10.451
76,861
28,494
216,819
2.842
22,657
9,889
78,590
23,266
207,757
2.791
22,271
17,260
161,452
14,177
112,62S
def.9,766
df.20,474
1,145
15,978
11,269
892
d6f.7,266
def.2,245
STREET RAILWAYS AND TRACTION COMPANIES.
Latest arose Warnings
Gross
eabhihob.
Week or U:
Binghamton Ry
Boston <Si Worcester..
Burllngt'n (Vt.) Trac.
Oal. Gas & Electric.
Oent. Penn. Tract
& MU. Elec
Clue. & Oafe Pars., c.
Cln. Dayton &Tol.Tr
OlD. Newp.& Oov.Ry.
Citizens' Uy. & Llgm
(MuBcailnG, Iowa)..
01eve.<S8o.W.lT.Co..
Oleve. Palnev. <fe E.
Detroit United Ry..n
Duluth Btreet Ry..,
East St. Louis & Sub.
Elgin Aurora & Sou.
.
Ft.
Wayne & Wabash
Valley Traction..
Havana
Eleo. Ry. Co.
Honolulu Rapid Tr.
Our'm
Year.
Preifu*
I ear.
Jfan. 1 to Latest
Current
Year.
Date
Fnvious
Year.
9
9
39.654
35.975
19,587 17,948
105,970 103,090 d 1,092,165 dl.047.60T
23.099 20,321
4»,a&8
42,457
March
18,988 17,031
54,360
49,669
January .. 22,473 14,143
22,473
14,143
March
15,971
14,589
5,680
5,084
February 396,786 273,466 827,812 549,979
February
36.707 34,634
75,617
70,792
March
30.290 22,839
78.716
59,874
March
71,918 68.059
201,591
191,928
January
33,498 31,041
33,498
31.041
November 83,287 80.807 928,177 905,073
February
March.
February
February
February
February
Istwk Apr
istwkApr.
February
February
9,409
30,406
11,209
32,779
12,162
96.426
31,390
8.096
19,926
27.456
65,166
11.685
24.565
77,479 1.110,631
12,335
153.747
201.252
87,123
65,296
33,131
February
62.020 55.199
Wk. Apr. 9 136,270 (29,904
February
& Land Co
Houghton Co. St. Ry. February
Houston Eleo. St. Ry. November
Illinois Traction Co.
February
Indlanap. &East. Ry. January
.
ville Rapid Tran.. March.
IndlanapollB&North
weatem Traction., February
60.237
Inc.
Inc. 170,133
9,581
69,811
1,303,386
1 to
34.873
270,472
38,299
385,891
23,668
223,780
def. 4.465
20,026
I
16,477
55.808
23,425
983,947
147.545
177,518
67,825
115,044
130.586
492.215 1432,829
24.951
12,144
42.983
82.990
16,126
23.719
ii.iee
30.736
76.267
13.523
51.240
27,818
50,875
25,595
15*,i26
13,523
9.046
5,842
22,775
16.508
Indlanap.^k Martins-
474
Jnly
n
4,835
38,757
83,988
94.975
Interest Charges and Snrplns.
Int., Mentals, etc.
^Pal.of Net E(irn'gs.—>
Chicago
91,410
632
Co
14.684
2.486
138.957
30.693
498,6^7 def.10,039
947,866
10,209
0.625
39.248
890.726
285,560
100.243
43.813
869,996
417,935
113,292
13.728
1.003,150
196.345
11.694
3.987
113,547
33,926
.
Net earnings here given are before deducting taxes.
c These figures are In Mexican currency, and are convertible Into
i^old at the current rate of exchange.
A Hudson ...
American R'ys. Co.||.
Aur. EiKln & Ohlc. Ry
2,974
30,178
866,686
3,546,232
July 1 to Feb. 28
Edison Eleo. Illam. Co. of
Brockton, Mass.. Feb.
Jan- 1 to Feb. 28
Fall River Gas Works
a Net earnings here given
Albany
2,932
31,430
353,333
3,645,811
Chlo.Ind.&LoalB.a Feb.
$
12,342
134,808
447.940
937,011
118.340
939,814
106.568
955,451
98.134
984,773
10,406
113,430
Jnly 1 to Feb. 28.
83,128
Current
Inc.
46.697
Inc. 169,481
Year.
$
W'msp'rt& No.Br.aFeb.
Decrease.
Met Earnings Montliiy to Latest Dates.— The table following shows the gross and net earnings of Stbam railroadg
reported this week, A full detailed statement, including all
cadsf rom which monthly returns can be obtained, is given
once a mouth in these columns, and the latest statement of
this kind will be found in the Chboniole of March 18,
19(15,
The next will appear in the issue of April 22, 19C5.
•
Year.
$
Jnly 1 to Feb. 2s
Phil a. & Erle.b... Feb.
Jan. 1 to Feb. 28....
Blch. Frad.A Pot. Feb.
July 1 to Feb. 28 ..
Sonthern Indlana.bFeb.
Jnly 1 to Feb. 28
ToLPeorlaA Wftst.bMar.
July J to Mar. 31....
July
25.
— G7-0SS Earnings. —
Year.
$
9
Prevlooaly rep'd(41 rd's) 12,162,210 10,970.517
Alabama Gt. Sonthern..
119,749
98.817
Ala. N. O. & Tex Pac. .NewOrl.A No. East..
80,022
103,175
Ala. & Vioksburg
48.030
52.029
Vloks.Sh. & Pao
56.790
63.708
Cln. N. O. & Texas Pac.
192,127
230,407
Gulf & Ship Island
52,602
44,55&
Mexican Railway
1135.900
If 129.700
Texas Central.
24.678
17,297
Net Eai-ninqs.
Current
Previotis
Year.
& West. Feb.
6,136
676
39.624
93.207
28,097
10,151
^
^
Previous
Roads.
Ohio River
—
Current
1>
9.37(
124,062
803,941
166.956
39,221
19.194
61,640
899.791
80,079
1419
— Gross Earnings.
i8,74'8
For the fonrth week of March our final statement covers
49 roads, and shows 11*04 per cent increase in the aggregate
over the same week last year.
^ Flgares are for
. .
.
..
..
THE CHRONICLE.
15, 1905.
Ut week of
—
.....
668
8.733
244.675
478,189
56,096
178,087
24,066
191.216
262,967
544,111
42,748
20,160
tntemat'l Tract. Co.
System
February
.
611,008
.
49,47t.
290,939 284,349
23,916 21.101
Kansas Clt^' Ry.& Lt. February J10,608 297,386
Lake Shore Elec. Ry December. 64,777
liChlgh Val. Trac. Co.
40,705 34.038
Street Ry. Dep
March
Electric Light Dep. February
14.477 14.271
21.782 21.493
Oexlngton By — ... .. February
25,207 20.825
LtmaEl.Ry.&Lt.Co. January .
9,316
11,669
LoadonSt. Ky.(Can.) February
7.314
6,850
Mad. (Wis.) l"raotioii February
198,522 18.^,886
Wet. West Side Elev.. March
sIU.Eleo. Ry.&Lt.Co February 234,843 J39.702
33,855 27.673
iIll.Lt.H«at&Tr.Co February
February 185.864 168,685
Montreal street Ry
(Buffalo) . .
Jacksonville Eleo.Oo. February
Munole Hartford
Ft.
657,88/
659,873
581,819
42,557
611,619
107,650
30,849
45,740
25,207
25,052
15.016
543.989
489,194
72,878
389,099
94.531
29.200
20,826*
20,725
13,864
530.298
497.814
67.734
352,393
87.523
668,189
125.777
134,220
349,335
205,027
15,403
11,714
16,882
42,929
70.102
6,421
394,226
26.314
35.501
614,039
116.490
117.214
326,519
180.057
13.626
11,830
16,398
37,841
65.200
6,988
339,677
16,104
d>
Wayne
Norfolk Ry. & Lt. Co.
alor. Ohio Tr & Lt. Co
Northern Texas Trac.
Northwestern Elev..
OaJdand Tract. Cone
}lean St. Railway...
.
Orange Co. Traction.
Peeks. L't'g*RR. Co.
Pottsv. Union Tract.
Rys co.Qen.— Koads.
Light Co's
Hochester Redlway ..
Roch.&Bast.Rap.Ry.
Bockford Belolt A
JanesvlUe
Bt. Joseph (Mo.) Ry.
Lt. Heat & Pow. Co.
March.
December.
February
Vlaroh
March
Febraary
February
February
February
.
March
March
March
March....
February
March
March
San Fran. Oakland &
February
Ban JoaeRy
.
13.521 12,6IS4
54,011 50.737
60,312 56,883
53.688 44.251
124.776 115,233
100.354 85,546
6,616
6,400
5.462
5.793
7.76b
7,76.'.
16,6-t9
13,997
26,«46 20,314
2,094
1,866
135,810 117.249
12,307
7,857
9,577
7,902
25,077
22,880
86.702
51,116
164,336
168,410
41.170
28.069
81.651
58,118
.
J
.
.
.
THt; CHKOXICLE.
J4i0
eroft Mamingt.
ijuitti
eaosa
WetX orMv Vufnt
T*ar.
SABNIMaS.
Jan.
Prnp'wi
rear.
Date
1 to ijaiea
Current
Pr evtttvi
Ttar.
Year.
S
Bao Fanlo (BrazU)
Tram. L't & Po. Oo.
Wk Mar 26
February
.
Tamna
Electric Co.
.
Terre Hte.Tr.&Lt.Oo
Tol.BowLGr.<S»8o.Tr
Toledo Rya. & Ught.
Toledo <Si Western....
Toronto Railway
Twin Oity Bap. Tran.
Un'd Bya.of St. LooIb
United of San Fran
Wash. Alex. &Mt.V.
.
Yonn?st^-wTi-Rli»ron
1
11.36f dl.069 730 d8A3,637
18,083
.
ttpanlBh silver.
Street Railway Net Earnings.—The following table gives
the returns of Stbebt railway gross and net earnings reoelved
this week. The last general snmmary which we famish once
a month, and in which we bring together all the roads from
which monthly returns can be procnred, was given Mar.
25, the next will be given April 29.
— Gross Earnings. —
,
Jan. 1 to Mar. Si
July 1 to Mar. 31
E lee
Mar.
Jan. 1 to Mar. 31....
Fort Wayne & Wabash
Valley Traction ..Feb.
Jan. 1 to Feb. 28
Houghton County St. By.
(Hancock. Mich.) Feb.
Jan. 1 to Feb. 28..„
Jaoksonv. Elec. Co. Feb.
.
Jan. 1 to Feb. 28....
Honcie Hartford
Wayne By
St
Previous
Year.
Year.
Year,
Year.
$
9
18.988
54,360
191,988
30.290
78.715
17,031
49,659
177,846
22.839
6,421
17,255
81.251
12,746
59,874
8,302
21,642
89,397
15,146
34,030
62,020
130,586
55,199
115,044
23,129
48,588
16.507
36,028
12,144
27,818
23,916
49,476
11,116
25,595
21,101
42,567
def.79
def.926
741
582
10,300
20,925
7,514
14,767
6,413
17,436
23.468
53,204
69,684
531,167
6.867
14,861
18,951
43,639
50,506
461.176
18,654
18,521
37.523
35.501
44.251
53.689
134.2£0
117.214
Rochester By. Oo.bMar.
135,810
117,249
JvXy 1 to Mar. 31.... 1,179,166 1.014.649
Bookford BeloitA JanesMar.
Tllle
9,577
7.908
Jan. 1 to Mar. 3i
26.077
22.889
St. Joseph By. Light Heat
Mar.
56.702
A Power
61.115
164.335
Jan. 1 to Mar. 31....
168.410
Savannah Elec trio. Feb.
39.491
38,607
80.831
78.341
Jan. 1 to Feb. 38
Mar.
Seranton By. Co
72.534
65.760
202,808
181,840
Jan. 1 to Mar. 31 ..
179,935
171.743
Seattle Eleotrlo Oo.Feb.
381.685
361,556
Jan. 1 to Feb. 28....
Tampa Eleot. Co... Feb.
80.690
26,613
61.729
51,600
Jan. 1 to Feb. 28
40,S08
40.746
Terre Haute Tr&Lt.Feb.
86.993
81,496
Jan. 1 to Feb. 28....
28,384
1
816
4,400
8,691
4,089
21.784
61,820
15,814
31,547
29,338
71,151
58,352
117,476
12,186
24,405
10,048
26,1C8
22,238
60.818
15.214
30.001
26.461
59.231
50,997
102,930
11,798
18,863
9,911
21,232
Interesi; t;tiarge8 and Surplus.— The following Stbb%'
railways, in addition to their gross and net earnings given i
the foregoing, also report charges forlnterest,&o., withth
surplus or deficit above or below thoBO charges.
-Int., Rentals, etc.
Roads,
—
.
of Net Earn'gs.—.
Current
PrevUms
^-Jlal.
Current
Previous
Year.
Year.
9
9
3,402
6,809
8,017
6,033
3,187
6,267
3,146
6,322
def.3,481
def.6,068
def 4,113
7.283
14,892
4,368
8,445
4.167
12,501
10,937
80,642
27,269
242,882
3,000
11,000
9,903
28,674
26.240
233,130
2,246
4.985
12.631
22,562
*32,870
*294,002
2,857
2,626
7,889
10,564
21,107
18,631
65,961
24,880
50,016
1,902
8,889
9,098
18,060
2,696
8,090
10,187
20,750
17.623
55,044
33,488
46,675
2,122
4,250
9,401
18,930
1,774
def.1,880
^02
def. 4,001
6,250
10,440
10,707
15,200
83,472
67,461
10,284
20,566
5,027
9.261
Year.
Year.
Houghton County
St. By.
(Hancock, Mich.) Feb.
.
Jan. 1 to Feb. 28
Jaoksonv. Elec. Co. Feb.
Jan. 1 to Feb. 28
Hartford
Wayne By Co
&
Fort
Mar.
Jan. 1 to Mar. 8i
North. Texas Tract Mar.
Jan. 1 to Mar. 3l....
Rochester By. Co... Mar.
July 1 to Mar. 3i
Bockford Belolt & Janesvllle
Mar.
Jan. 1 to Mar. 81....
Savannah Elecrrlc.Feb.
Jan. 1 to Feb. 28
Bcranton By. Co
Mar.
Jan. 1 to Mar. 31
Seattle Eleotno Oo.Feb.
Jan. 1 to Feb. 28
Taiapa Elect. Co. Feb.
Jan. 1 to Feb. 28....
Terre Haute Tr&Lt Feb.
Jan. 1 to Feb. 28....
'
to "Annual Reports," which
omitted to-day, will be found in Chronicle of March 18.
Baltimore Chesapeake & Atlantic Railway.
f Report for Sixteen Months Ending Dee. SI, 1904,
The fiscal year having been changed to correspond with
the calendar year, the present report embraces sixteen
months ending Dae. 31, 190i. PresiiJent S. M. Prevost saye:
The operations compared with the previous* sixteen months show a
decrease In freight roTenue of $41,835 and a decreate In passenger
revenue of $490, due to the severe weather and ice coudttions on the
Bay In January and February, 1904, during which time ihe operation
of tte Bteamera was partially suspended, and also to the very short
tomato crop, which was a ve>vy larK;e one In the previous year, and to
a decrease In the oyster traffic. The increase, $52,183, In expenses Is
due mainly to the extraordinary repairs to maintenance of way and
maintenance of equipment and the increased cost in oocdncting
tr»uiBportation caused by the increase In cost of coal, wages and proAfter payment of fixed charges, taxes and extraordinary expenditures, amounting to $96,a06, there was left a net Income of $116,223,
whtch was tranefered to the credit Of "Profit and Loks." All necessary reptdrs and renewals required for the service and business of
your system have been made to the railroad and equipment, steamers
and wharves, and your property In general has been kept np in its
usual good condition.
Earnings, expenses and charges for the sixteen months
ending Dae. 81, 1904, compared with similar period in
1902 03. and the balance sheets, have been:
EARNIHGS, EXPENSES AND CHABOE8 FOR 16 MONTHS.
1903-04.
1902-03.
EarningsFreight trafflo
$659,731
$701,667
Passenger traffic
339,596
340,086
Express, malls and miscellaneous
124.691
126,668
Gross earnings
Expenses—
Maintenance of way and etrnctnres
Maintenance of equipment
Conducting transportation
General expenses
Table expenses
Total expenses
Net earnings
After allowing for other income reoeiyed.
def.5,685
3,861
9,043
15.065
'24,6&6
•232,649
8.83'?
4.187
27,509
56,255
9,671
14.613
950
510
8,048
2,302
$1,124,009
$1,168,302
$96,696
156,600
612,140
39,808
14,885
$80,299
134,435
600,633
38,963
13,616
$920,130
$203,879
8,549
$867,947
$300,355
9,780
$212,427
$310,135
$83,333
$83,333
3,165
9,707
2,971
114,029
$96,206
$116,223
$200,332
$109,803
MlsoellaneouB receipts
QrosB income
Deduct—
on bonds
Taxes
Interest
Extraordinary expenditures
Net income.. ..M.
OBNEBAL BALANCE BHKBT DEO.
1901.
AsBtts—
$
Road & equlpmsnt. .3,750,000
owned ....
3.3'
Securities
Due from
a Net earnings here given are after deducting taxes.
bSet earnings here given are before deducting taxes.
Unnde
X-iX.
Annual Reports.— The index
Fort
(^o.a..Mar.
to Mar. 31 ...
ITorth. Tex. Tract. bMar.
Jan. 1 to Mar. 31
Jan.
Ear
Net
Giirren',
JZockZk,
Blnghamton Rv.b..Mar.
/-
Previous
Current
Mllw.
r
visions.
These arc r««alM tor properties owned
b These are the combined earnings of all the oonstitaent companies.
c These are remits for main line.
d Figures here are from July 1.
n These earnings include the Detroit United By.. Detroit A Foit
Huron Shore Line and the Sandwich Windsor A Amheratborg By
n
OhlcA
VOJ..
ANNUAL REPORTS.
is
78,841
39 491 38,60';
80,831
181.840
iVfaroh
203,808
72,434 65.76C
361,556
381,685
Feoruary 179,925 171,74:405.691
396,308
March
141,645 143.44^
142,144
131,387
February
67,989 63,927
61,600
Febraary
61,729
30,690 86,61£
86.99S
81,496
February
40,746 40,308
879,359
December. 24,397
February 133,405 124.03'
284,349
261,555
222,005
December. 18,708
573,284
643,382
Wk. Apr. 8 45,131 43.761
4tliwbMat 117.896 111,347 l,029,16f 978,113
March
682,123 649,142 l,840,0^6 1.780,678
February 516,966 482,403 1,060,337 1,009,313
65.346
54,98
25.322 20,403
March
73.012
82,051
February
40.995 36.08f'
Bay&nnftH Eleot. Oo.
Sorftnton Rallwav...
guttle Eleotrlo Co.
Soatli Side Elevated
Syraonse Bap.Tr By
I
other cos.
Net traffic balances.
Bills receivable
Dae from aeeats .
Materials on hand..
Miscellan's assets...
Cash
Total
-V.
13,202
11,52»
250,000
0,363
0,681
70,000
88.704
1903.
$
3,150,000
a,800
ll,6l9
11,184
260.000
10.647
16,860
31.
1903.
t
$
1,000,000 1.000.000
Common stock
1,60<|.000 1,5jO,000
Preferred stock
Funded debt
1,250,000 l.viSO.OGO
46,0H0
4S,o07
Pay-rolls 4 vouchers
Int accr'd on bonds.
20,833
20,833
2,8T6
Matured interest....
1,600
72,215
Miscellaneous
Front and loss
832,326
278,408
1901.
LiabWtiei-
43,716
4,218,779 4,096,349
80, p. 1863 1069-
Total
4.812,779 4,096,349
Grand Rapids & Indiana Railway.
C Report for Fiscal Year Ending Dee, 32, 1904. J
General James McCrea says in sabstance:
GBNEBAL Results— Road Pbopeb— Freight earnings decreased
$26,861, or 1-34 p. c. The number of tons carried was 2,253, <S42. an
Increase of 0*7 p. e. The average rate per ton mile was 7-9 mills, a
decrease of 0*4 mill. The Increase in ton mileage was 4-3 p. c. The
net earnings per freight train mile were 207 cents, a decrease of 18'5
p. c. notwithstanding a decrease of 8*8 p. o. in cost. The decrease in
the average rate per ton mile was largely due to an Icorease of 23*7
p. c. in tonnage of coal and coke, which twas neoeesar'ly moved [at a
low rate. There was a decrease of 5 p. o. in tonnage of forest
products.
Passenger earnings decreased $46,526, or 4*1 p. o. The total number carried was 1,574,876, a decrease of 5 p. o. The average rate per
patsenger mile was 2-07 uents, a decrease of oue mill, or 4*6 p. o.
The net earnings per passenger train mile amounted to 26 cents, a decrease of 0'6 cent. The reduction in maximum pasaeuger rate from 3
to 21a cents per mile, roade in oomnllauoe with the Mloutgan law and
the decision of the court, became effective A.prll 14, »nd resulted la a
reduction of over $90,000 in revenue from the trafflo carried during
remainder of year, or at the rate of $113,000 per annum, all net
money. The serious decrease in travel to summer resorts due to an
Inclement seitRon and the Louisiana Purchase Exposition, was but
partially overcome by the increase in St. Louis business.
The unfavorable weather of the early part of the year, which reduced earnings, caused a serloua increase in the cost of operation and
maintenance in every department. Severe enow and wind storms,
with very low tempt^rature, were almost continuous over the entire
line for the first three mouths. These oonrlUlons weie followed by
heavy fioods daring March, April and May, which dam>»ged the property. Daring most of this period trains, when able to move, did so
with dlftlouity and with light tonnage.
Benewals, Etc.— There were used in renewals 2,264 tons of 85 lb.
rail and 127,762 croBS-tles. The net addition to industrial and loading
tracks was !S'8 miles: 10^ miles of track was ballasted with gravel
and 1'84 miles with crushed slag.
The expendi ores from the special fund for Improvements aggregated S46.499, leaving available for 1905 $31,011.
Ntw iMDnsTBiKS.— There has been a satisfactory increase in the
number of industries tributary to the company's tracks. Anaongst the
most Important are the Lee Paper Co. at Vloksburg, which it Is estimated will produce 3.500 cars of freight per year, and the Cadillac
Coemlcal Co at Cadillac, producing charcoal and its by-products.
Arrangements have been madi^ for the construction of an additional
chemical plant at Jonnings, on the MlBsankee Branch, and for a charcoal Iron furnace at Cadillac, with an annual capacity of about 85,000
tons of pig Iron.
Road.— Operations were discontinued on the Manistee branch, 13-8
miles In length, and on the west 3'1 miles of the Osceola branch, and
the tracks removed, making a reduction of 16-18 miles la first track.
•
—
)
.
Ape.
THE CHRONICLE.
15, rjOu.J
All Lines.—The entire tonnage of all lines -wm 3,an increase of 81,818 tons. The total ton mileage was 300,69 S, 229, an Increase of 3"79 p. o. The average revenue per ton was
76-1 cents, a decrease of 2^ cents. The average earnings per ton mile
was 8-3 mills, a decrease of 0-3 mill. Per freight train mile the net
exATisTics OF
26.'»,520,
22-1 cents, a decrease of 4*3 cents. The tot^l number of passengers carried was 2,051,703. a decrease of 2 84 p. c. The average rale
per mile was 2*08 cents. Net earnings decreased 0*1 cent per passenger train mile.
Taxation.— Reference was made in the last annual report to the
Increased taxation of this company's property In Michigan, and to
the fact that the taxes for 1903. compared wUh 1902, showed an Increase of more than 100 p. o. This company. In common with most
of the other railroad companies having property In the State, commenced a suit In the Clrculi Ooart of the United States for the Western District of Michigan In Equity, to compel a cancellation of the
taxes for 1903 and permit a liability for only so much as would have
accrued under preceding laws. The cane Is now in readiness for flnal
hearing, and It Is expected that It may be submitted during March
next. Following out the theory of the suit In qnestlon, this company
paid what would have accrued under the specific system. When the
tax for 1904 became due, an arrangement was entered into by which
this company was permitted to pay on the same basis as the year before, leaving the excess to abide the result of the litigation.
The valuation for the year 1905 has jast been completed aud this
company has secured a reduction of $8dO,OCO, leaving It at StO.150,000, aud there was also a reduction In the valuation of the Muskegon
Grand Baplds & Indiana BR. of 9150.000. The total railroad property of the 8tate has been placed at $196,000.000— a considerable reduction from 1904. In the opinion of your President, the valuations
for taxing purposes are still grossly excessive, and the rate is also far
was
beyond what
The new multiple-unit control allowed the placing of
all high tension
apparatus below the car body, thus enabling us to fireproof the bottoms of the cars with asbestos and steel at small cost, and eff oting a
large saving in our Insurance charge. As it was necesHary to provide
some additional power. It was thought best to install two storage
batteries, each of 988*8 k. w. capacity.
lastallng the new equipment involved re-equipplng your 89 old
motor cars with control wiring and new air-brake; placing control
wiring and changing air brake on your 262 coaches [from old straight
air-brake to automatic brak ]; Installing control cabs in 74 of these
coaches, besides entirely equipping the 63 new motor oars.
Fifth Ave Terminal Station —The terminal station at 5th Ave.,
between Van Buren tit. and Jackson Boulevard, wa<) not put Into
operation until Got. 3, and then only with such equipment as we had
in connection with oar Oanal St. service; conseqaently we did not
have the full benefit of this station until late in the winter [Jan. 16,
1905], bat B9 far as we have gone the results have been very satisfactory. We are now giving an express service on both loop and 5th
Ave. trains.
Loop.— For some time past the capacity of the loop has been reached
and on that account your company has been unable to send all of its
trains around the Icop railroad. Therefore, prior to the opening of
the auxiliary terminal at 5th Ave., and on Aug. 2, 1904, your company notified the Northwestern Elevated bR. that we should make
claim under the lease for an abatement of rental to the extent of onehalf a cent for each passenger carried ou trains which the loop
railroad could not accommodate.
AORBBMENT WITH AURORA ELGIN & CHICAGO RT.—Ou Feb. 23,
1905, the Council passed an ordinance granting your company permission to run the trains of the Aurora Elgin <& Chicago Ry. Co. Into
your 5th Ave. terminal. The operation of trains as above mentioned
was commenced March
should be.
it
1421
11,
under an agreement
ratified
March
8.
ThU secures to your company the right to the territory west of the
from operating the entire system, 573 miles 52d
Ave. terminal on the Garfield Park line as far as the Des Plalnes
(including 719 miles of trackage), were as follows:
River, a distance of about 4ig miles, your company to operate Its
The
results
,
—
OrosB earnings
>
Net earning s-
,
ALL Lines Opkr.
ISOi.
19u3.
190*.
1»03.
I.Grand Rap. & Ind....f 3,302,347 $3,401,654 $881,859 $696,958
Rich.
2. Oin.
A F. W
& Ind....
3.
Musk. G. B.
4.
Traverse City
605,322
171,687
70,372
604,343
161,883
71,256
76,3(j7
40,851
7,649
70,878
43.023
6,984
$4,149,728
$4,238,886
$746,226
$817,293
RR
Total
Deduct—
$120,335
S91,0d5
gl.M.'i
ble to capital
50,797
(net, 48,202
Total dednctions
$566,249 $641,137
Balance
$179,977 $176,156
Dividends (3%) charged to profit and loss
$173,730 $173,730
The earnings, etc., of the Grand B^pidd
Indiana By.
proper were as follows:
SABNIKOS, KXPENSES AND CHABOES (GBANO BAPIDS &, INDIANA ONLY).
&
1904.
1903.
1902.
1901.
430
$
430
$
430
9
1,030,846
1,942.075
203,148
1,139,762
2,011,310
250,582
223,817
895,151
1,779,806
196,825
3,303,347
3,401,654
3,196,738
2,871.782
Transportation
1,452,827 1,394.323 1,238,895
Malnten'oe of equli:ment. 470,003
547,467
475,444
Maintenance of way, etc. 468,768
48^,136
622.976
General and taxes
388,890
273,770
177,044
1,077,899
Total
2,680,488
Per cent op. exp.to earns. (81-17)
Net earnings
621,859
Add other Income
2,171,966
414
Miles operated
Eaming$~
Passengers
Freight
Mall, expr.
$
A mlBcellan's.
Total
1,114,748
1,984,449
Operation?, earnings, expenses, charges, etc.
sheets, have been as follovrs:
2,414,359
399.040
523,583
171,434
(7ft -53)
7fc2.379
1,875
2.090
699.826
887
621,859
698,833
784,469
700,713
Other charges
391,085
50,798
391.085
131,592
390,927
142,363
391.155
170,900
Total
Balance, sorplns
441,883
179,976
822,677
176,156
533,£90
251,179
562,055
138,658
*
(75-63)
From the accumulated
In 1901, 3 p.
c.
surplus paid 1 p. c. dividend In 1902, 2 p.
and 1904.
GENERAL ACCODNT DEO. 31.
1S04.
etc
Investments
('tber
1903.
s
16,278,694 15,878,694
in
companies
130,223
167,965
80.609
25«,749
Cash
1('0,4'2
44:6,v79
Supplies on band.
Mlaceliuneous
2iw.30i
142.1i9
178,391
579,^47
171,901
Other COB.& indiv.
Afcents and con-
Passenger earnings
Miscellaneous
dDCturs
Total
—V.
9,337.0^0
150,00
i;5,au6
211,697
408.787
16,52W
77,510
379,768
..16,565,687 16,548,194
Total.
.
'
...16,567,6:7 16,649,194
78, p. 1444.
Metropolitan West Side Elevated Railway, Chicago.
(Report for Fiscal Year Ending Feb. 28, 1905. J
President D. MacAUister says in sabstanse:
General Results.—The gross earnings have not shown much
in-
due largely to the general depression In Chicago; the operating txpen»e8 have been fairly satisfactory, particularly when you
taKetnto consideration that they show an Increase over i he previous
year of $22,323. or 2-14 p. c, divided as follows: Maintenance of
Birnctnre and equipment, an Increase of $56,951, or 26'7-'; conducting traneportatlon and general expenses,
a decrease of $34,629, or
^^^^^ "^^^ Charged to maintenance expenses $5y,''83,
y.f$'^'
wnicn
was set aside as a reserve for maintaining the property. Had
inis reserve fund not been charged,
operating expenses would have
shown a decrease of $38,260. In addition
there was charged in the
oonanollng of transportation expenses, $5,250, due to the settlement
Of claims on account of the fog accident of Nov.
19, 1901.
ihe number of passengers carried this ttscal year averaged 114,232
daily, an increase of l,li,3, or 1 08
p. o. over the previous year. The
mileage has increased on account of the opening Of the terminal station at 5th Ave.
.^'i^^^^^^'^—^T^ order to provide for the additional trains for the
am Aye. service, and to meet
the growing demands of our rush-hour
Dnsinesp, it was decided to purchase 68 motor
cars, in order that we
might run our loop trains with two motor oars on every four or five
oar train. This makes a total of 157 motor oars and 262 coaches.
crease,
92,906
$2,080,937 $2,065,701 $1,976,326 $1,695,243
80,004
81,453
63,679
58,070
Gross earnings
$2,160,941 $2,147,154 $2,040,005 $1,753,313
Opei ating expenses—
Maint. of way and struo. $108,701
$64,330
$55,306
$45,931
Maintenance of equlp't..
Conducting transporta'n
General
163,373
700,809
93,778
149,022
726,790
102,196
137,119
670,738
89.645
80,057
527,086
84,135
Total operating
Net earnings
Add
int.
$1,064,681 $1,042,338 $9f)2,708 $737,209
$1,096,280 $1,101,816 $1,087,297 $1,016,103
on balances, &o.
5,554
6,031
9,524
4.640
Rentals
$343,096
126,644
490,670
Taxes
Interest
Miscellaneous
Dividends (3 P.O.)
Total
$239,509
139,533
474,353
41,351
$230,305
140,870
454,619
30,767
861.243
$201,122
149,335
392,320
37,976
261,243
$860,410 $894,746 $1,117,804 $1,041,996
sur.$241,424 sr.$2l6,l01 df.$20,933 df.$21.253
Balance
BALANCE SHEET FBBBUABT
1904.
t
1906.
A»>eta—
t
Roiid and equlp't..30,462 523 20,249,'r58
Bonds in treasury. l,ai»2,000
198,0^0
Preferred stock in
treasury
291,900
29V9'0
Cash
214,903
221,716
Materials
49,794
66,061
Accounts receivable
127,166
86,116
Trustee of bonds..
Ib5,33l
Miscellaneous
1,8J8
32,97J,617 30,109,409
S8.
1905.
IAabilitie$—
I
Preferred stoclc... 9.000,000
1904.
»
9 000,000
stock.... 7,600,000 7.(00,000
14,60 1,000 13,000,000
Collateral loan
1,100,000
67,2sl
Keplacem't fund..
62.693
Int.accr'd. not due
62,693
805,3 2
Accts payable....
189,819
117,779
Taxes accrued ...
105,602
Miscellaneous.....
6,648
468,H8;4
236.957
Profit and loss....
Common
Boads
—
Total.
32,978,617 30.109,409
80, p. 1363, 1069,
Natioual Lead Company.
9.387,000
150,000
Interest ...
i5H.aOU
Other cos. & indiv.
147.094
Accounts payable
28^'^49
Miscellaneous
276.321
Extraordinary. . .
31,011
Profit and loss....
380,013
&
Bonds (see Rt.
108,352
113,348
c.
1903.
I
5,791.700
Ind. Section)..
Real est. n-.ort
114,232
Total.
1904.
$
5,791,700
lAiiiilities-
Stock
1901-02.
Earnings-
-V.
In 1802, 1903
Amets—
Bead, equipment
1902-03.
Total avaU'e income.$l, 101,834 $1,110,847 $1,096,821 $1,020,743
(79-61)
Total
and balance
Deduct—
696,958
Deduct—
Interest on bonds
1903-04.
,
pass, carried. 41,694,788 41,372,338 39,548,354 33,910,790
Dully average
Expenuet—
2,704,696
1904-05.
Operations-
Whole No.
Proiwrtlon of net earnp. of roads 2, 3 and 4 applied towards interest on their bonds
$124,367
Bond Interest of Grand Rapids & Indiana Ry...
391,085
Extraordinary expenses not properly chargea-
Other deductions
trains over the tracks of the Aurora Elgin & Chicago, and obtain all
of the traffic to and from this growing district, as well as obtaining
from the A E, & C. very satisfactory returns for the use of our Sthi
Ave. terminal and tracks.
fReport for Fiscal Year Ending Dee. 31, 1904,
President L, A. Cole says in substance:
GENERAL Results.- On an Increased volume of business in every
department of manufacture the results show net earnings of $1,595,693. After payment of customary quarterly dividends on preferred
stock aggregating $1,043,280, a remainder of $552,413 is added to
surplus, which, at the close of th^ period under review, amounts to
$2,^16.244, and is actively and necessarily employed in carrying the
large stocks ot materials, raw and In process, essential to the regular
conduct of the business. Inventories have bsen taken on a basis eo
conservative that adequate provision is made for fi actuations In the
valae of raw material.
The plants have been maintained at a cost of $138,094 for ordinary
repairs, and additions and enlargements made at an expense of .•J197,80i^, both of whlch.Hums. aggregatlns? $335,903, have been charged to
operating costs. We were never so well prepared for economical
operation.
Active and aggressive competition continues and will continue, but
with old established brands' whose standard of excellence is not only
maintained but constaatly Improverl, we can reasonably look for expansion in the volume of business and continuance of pr fits.
The constituent company conducting lead production completed a
smelter in November which Is now in profitable operation. That feature of your business Is now self-oontained and provides a percentage
of the raw material required. As opportunities are aff irded, it will be
wise to enlarge and extend our operations of this character.
Phoducts.- The various products of the company are shown below,
but It is important to remember that its chief product Is pure white
lead, made by the old Dutch process:
White lead, dry and In oil, tlntini; colors, UtharKo, orange mineral, red lead>
colors, dry and In oil, Rlassmakers' oxides. Tarnlsbers' oxtdeo, colormakers'
oxides, eaamelen' oxides, rubbermakers' oxides, potters' oxides, brown suKar
of lead, wblte suRar of lead, lead pipe, ttlaziers' lea-l, block tin pipe, bar lead,
tin-lined pipe, lead sash-welKhts, sheet, lead, lead wire, solder. soMer wire. Ie;id
traps and bends, solder ribbon, babbitt metal, nitrite of sodi, castor oil. Ameri.
can and I'alcutta linseed oil, raw, boiled aud refined varnish, linseed-oil cake
and meal.
Branches, Etc.— Branohps, New York City, 100 William St.; Bos57 Broad St Bnfi'iilo, N. T., cor. Clinton and Oak streets;
Baltimore, Md 410 Hanover St.; Clereland. Ohio, Oanal and Cnamplaln streets, Cincinnati, Ohio, Freeman Ave., cor. 7th St.; Chicago,
111., cor. State and 15tli streets; St. Louis, Mo., Clark Are. and 10th St.
ton, Mass.,
;
,
J
:
THE CHRONICLE.
1422
John T. Lewie die Bros. Co., PhlladelphN, Pa.; National Lead & Oil
Co. of Pennsylvania, PUtHbargh, Pa.; 8c. Loals 8meUln»< & Reflalng
Co., St. Lonle, Mo., and St. FranooU, Mo and Ooillnavllle, 111.
WABEHonsKS St. Paul, Minn., 354 to 360 East 6tli St.; Detroit,
Mlob cor. Wayne and Woodbrldge streetB; Omaba. Neb., 141.5 Dodge
St.; Kansas Olty, Mo., 1313 and 1315 W. 10th St.; LoalsvlUe, Ky., 9ih
St., bet. Main St. and the R.ver; Nashville, Tenn., 99, 101 and 103
Broad St.; New Orleans, La., 516 Natchez St.
,
—
,
Statistics,
— Results for
four yeais aud the balance sheets
were as follows:
1,569,069
1903.
e
1,202,514
1,112,140
1,043,280
1,043,280
1.043,280
1,043,280
552.413
1,962,831
525,789
1,437,042
159,234
1,277,«08
68,860
1,208,948
snr... 2,515,244
1 ,963,831
1,437,042
1,277,808
Net earnings
Dedtiet—
Dlvid'd on pref
.
(79i).
Snrplna
Prevlwns enrplns
Remaining
1904.
1903.
$
$
1,595,693
aBNEBAL BALANCE SHEET DEC.
1904.
1901.
eg!
31.
1903,
1902.
$
$
1901.
J
J
:
.
[Vol. lxxx.
business for export. This company will complete and deliver to the
United States Government in .July next the largest floating dry dock
In the world, for u&e in the Philippine Islands. During 1904 the shipyard completed several suction dredges for the United States Government, Besides other less important work, and now has under
construction four high-power ferryboats for the City of New York.
Baltimobe & Sparrow's Point RR. Co.— This company was auooessfuUy operated during the year.
Depreciation, Etc.— The amounts which have been charged to
special and general depreciation are in addition to the sums spent on
the plants for ordinary repairs and maintenance. In comparing the
charges to depreciation in 1904 with those for previous yeari, it
should be noted that in 1904 the amounts charged to general and
special depreciation have been combined, whereas In former years
charges to general depreciation alone haveapfearel on the combined
income accounts. During the year the subsidiary companies expended $474,477 for additions and improvement*, principally for the
completion of by-product coke-ovens at Lebanon, and charged the
same to capital account.
Odtlook —The outlook for the coming year is favorable.
Change Sn annual Meeting —In order that your annual meeting
may be held after the close of the fiscal year (Miiy 1), your board recommends that the date for holding this meeting be changed fiom the
third Tuesday in April to the second Tuesday in May.
Plant investment. ...24,1 33,522 24 ,143.299 23,465,357
1,219,212
Other Inveetmenta...
618,150
893,724
5,638,617
,910,486
Stock on hand
6,307,952
190,600
190.600
Treasury stock
190.600
352,343
150,105
Cash in backs
396,216
152,575
174,088
Notes receivable
154,760
1 ,519,423
1,544,750
Acoonnts receivable. 1,631,442
23,471,010
1,227,424
6,213.707
190,600
S74,435
170,494
1,€03,149
The combined statement of earnings hy the operating companies for the calendar years 1904, 1903 and 1902
also the
profit and loss accouot of the Pennsylvania Steel Co. of New
Jersey for the years ending April 5, 1905, April 7, 1904, and
April 9, 1903, and its balance sheets, are given below:
Combined Statement of Earnings op Operating Companies.
For the Tears Ending Dec.
Pig iron prodDoed (tons)
9
33,708,205
32,706,151
32,563,484
32,150,818
15,000,000
16,000,000
2,515,244
Mortgages
12,603
Notes payable
1,052,000
Accounts payable....
128,358
15,000,000
16,000,000
1,962,^31
12,603
600,000
130,717
15,000,000
15,000.000
1,437,041
12,603
63,839
15,000.000
15,000 000
1,277,808
12,603
800,000
60,407
32,706,151
32,563,484
32,150,818
Total
Liabilities Common stock
Preferred stock
Surplus Dec. 31
Total
.83,708,205
l,05O,<:00
-V. 79, p. 2151.
Union Bag & Paper Compat^y.
Report
for Fiscal Year Ending Jan. SI, 1905
f
President Lncius G. Fisher says:
During the past year the company has reduced its bills payable
f 415,000 and Its acoonnts payable ¥56,664; total reduction. $471,664;
and, after paying 7 p. o. dividends on its preferred stock, has added to
surplus account $136,419. The demand lor oar sulphite is greatly in
excess of our capacity to supply, and we are now erecting an additional digester which will be llnlehed in June, giving us 6,(J0O tons a
year more product. Our own neoeseitles now absorb the entire product of our wood-ptilp mills, and the coming year we shall probably
have to increase our facilities in this line. Our paper trade (in specialties) is growing at a satisfactory rate. The sales of bags show an increase of 150 million over the preceding year.
The profits for the year ended Jan. 31, 1905, contrast with
the results for previous periods as follows:
12 mos. end. i2 tnos. end. /2 mos end. ii mos. end'
Jan.si,igoj. Jan.3i,igo4 Jan.31.1goj, Jan.31.1q02
Profits for year
Divs. (7 p.c.) on pref.
Deprciation, etc
Surplus
$906,4l»
$770,000
$8i2.498
$770,000
38,013
$961.0ao
$770,000
8876,470
$770,000
$136,419
$4,485
$191,036
$103,470
x
- X The " cost of properties " as per balance sheet was increased during the year $48,t^60 for additions and $24,083 for perfecting and experimenting on new machinery. It was reduced by $72,258 on
account of property sold and by $163,809 on account of "extinguiehment and depreciation fund."
BALAHOB SHEET JAN. 31.
1805.
1804.
1905.
1904.
$
27.000,000
'08,448
1.015.349
%
27,000,000
915.000
J«3.113
878,988
.28,621,797
28,957,042
Cost Of propert'B.26,T 47,650 26,815,726
1,H51,)80
Inventory
1,470.452
Capital stock
lioans (bills pay.)
Accounts recelv..
Investnents
314.631
.344.995
Accounts payable
102,000
43,141
Surplus
89.164
28.621,707
29,957,042
Cash.
Total
-V.
Total
f.00,000
^8. p. 1445. 1449.
PeniasytTaaia Steel Co. (if New Jersey).
(Report for Fiscal Year Ending Dec. SI, 1904 J
The report, signed by E. C. Felton, President, and E. B.
Morris, Chairman of Executive Committee, says:
Ikon Ore Peodocing Companies. -The Spanish American Iron
Co., whose mines are locatedln Santiago, Cuba, mined during the year
1904, 34 '/.coo tone of iron ore, compared with 477,000 tons in 1903.
The mines were operated only to an extent necessary to meet the requirements of your blast furnaces. The newly-opened mines, which
were madeaooessibleby the railroad completed in 1903, produced 139,000 tons in 1904, compared with 75,000 tons in 1903. These new
mlnf 8 are now fully developed and should produce the full amount of
ore indicated. The end of 1904. finds all of these mining properties in
excellent condition and with a considerably larger tonnage of ore in
sight than at the beginning of the year. Exploring operations, with a
Tiew to increasing ihe reserves of iron ore, are of great promlHC.
Steel Companies.—These are the Pennsylvania Steel Co. of Pennsylvania, with plbnts located at bteelton and Lebanon. Pa and the
Maryland Steel Co.. with plant at Sparrow's Point. Md. J he very
i
,
decided decline in the demand for all ateel products during the year
1904 reunited in a large curtailment of output at all of these plants.
They made in 1904 6l.^,000 tons of pig iron compared with 665,000
tons in 1903. Of sreel ingots, 618,000 tons, compared with 837,000
toi^B, adecreaFc of 26 p. o. For the same period the total value of
invoices decreased 28'fl p. c, so that in 1904 your operating companies had to contend with a decline both in volume of business and in
prices received per ton of product.
The bridge shop at the Steeltan works, which in 1903 completed the
Wiliiamsbnrg stifppnslon bridge between the cities of New York and
BrooKlyn. htts secured a contract from the (Mty of New York for another bridge aorows the Bant River at Biackwell's Island, and is now
actively engaged in the manufacture of this great structure.
At the Lebanon plant of the Pennsylvania Steel Co. the by product
ooke-ovene were finished in July, 1904, and have been in enooessful
oper>>tl(>n since that time. These coke ovens make all of our blast
furnaces independent so far as their supply of smelting fuel is concerned, excepting the plant at Bteelton aud the construction of byproduct ooke-ovens at that plant, is in contemplation.
The Maryland Steel Co was operated daring the year at about twothirds its capacity. A careful ounvasslng of the foreign markets for
tall orders recalted la the securing of a very considerable amount of
;
1903.
1904.
81—
1902.
615,000
665,000
61 8,000
837,000
Steel produced (tons)
862,606
Net earnings
$2,572,476 $3,380,434 $3,690,864
187,805
829,607
Bents, income from invesl'ts, etc.
274,187
Gross income
Intereston bonds.
Other interest X
$2,7eo,281 $3,710,041 $3,965,051
$864,997
$594,392
$792,761
143,633
77,042
$1,967,520 $2,701,410 $3,293,617
Net income for the year
512,318
820,085
782,007
Deduct for general depreciation..
Net profit of operat. companies. $1,235,513
Div. paid Penn. Steel Co. of N. J.. 1,122,500
Balance to profit and lOBB
$2,189,097
1,419,360
$2,473,532
1,177,500
$769,737 $1,296,032
$113,013
X Adjustment of interest on temporary balances between operating
and holding companies.
Pennsylvania Steel Co. (of Nbw Jersey).
Apr.b.'Ob.
Apr. 9.'04. Apr.9,'03.
Profit and Lots AccountDivs. from oper. cos. <fe mleoel. int. $1,21 8,874 $1 ,530,461 $1,212,336
28.937
30,458
28,665
Expenses
$1,190,209 $1,800,003 $1,183,399
,
Net earnings
1,155,000
1,201,930
Dednctdivs. (7 p.c.) on pref. stock 1,155,000
$345,003 def.$l8,531
8ur.$35,209
Balance over dividends
BALANCE SHEET.
Apr.5
Ataets—
Apr.B,'05. Apr.7,'04.
'05. Avr.'!,'Qi.
<
Liabilities-
%
1,031.r09 1,087,400
1,OUO,000
930,000
Stocfcs & bonds.... 26,872.463 26,913,010
B,e31
6.780
Acc'tB,etc., rec'le.
Cash
Loans
p.
«
Ccmmon
stock.. .10,760,' 00 ly,750.00O
659.-^62
624.042
Profit and loss
.
.
Total llabilities.27,909,262 27,874.048
Total assets... 27.909,253 27,874,042
—V. 80,
S
Preferred stock. .16,500,000 16,500,000
871.665.
Philadelphia Electtic Companj.
("Statement for Fiscal Year
Ending Dec.
SI, 1904,
The comparative statistics of earnings, etc., for the calendar years 1904) 1903 and 1903, and the balance sheet of
Dec.
31,
follow
Connected load Deo. 81 (16 0.
Gross income all companies
General expenses
1904.
1903.
1902.
968,270
$3,873,911
768,930
$3,422,412
1,903,502
877,208
$3,665,045
1,789,760
$1,970,409
$1,876,285
$1,718,039
in)
$99,715
563,403
600,S08
406,261
$99,715
563,403
600,565
375,035
$99,715
563,413
600,478
337,542
$1,669,887
$300,522
$1,638,718
$236,567
$1,601,148
.
p.)
Total net income
Interest on—
Edison Eleo. Trao. Ss
Philadelphia Elec. Trac. 5b
PhiladelphlaEieo. Trao. 48
Dividend (5% en amount paid
Surplus.
BALANCE SHEET DEC.
1904.
A ssets—
%
Subs, to cap. stock. 14,,9so,nro
20,«12
Instalments
Casn
Charter and orKan.
1 ,6.5 1,816
35.H31
1903.
t
17.487,22.'-)
8,12a
99.150
35.631
Stocks and bonds. 17,,883,:!>i6 17,819,1.58
15,047
16,047
Accid. fund Ins....
Advan. sub'y cos,. 8,,945,942 ?,6><5,104
Phila.Bleo.KokliH.
Co. of
Peun. Block
Accts. receivable
Materials
1, ;17«,979
1,379,979
1,,620.000
1.421,600
127,446
1,704,378
$116,891
31.
1904.
Liabilities—
Capital stock (amt.
9,998,700
called)..
Amount
1903.
%
«
7,500.626
subject to
assessment
14,989,050 17.487.225
Land Title* Trust
15.014.142 15.014.142
Co. (trustee).
^78.588
Accounts payable. T03.H50
1,100.666
600,134
Profit and loss.
.
.
.
Plilla. Klec.
.
Miscellaneous
346.897
ei,0.T8
7,255
2,265
41,806,198 41,080,616
Total
Total
41.806,193 41,080,615
The following items appear on the books
of tne eabsidiary
companies, viz.: Assets— Miscellaneous stooks of companies
owned by sabsidiary companies deposited and used as basis
of issue of gold certificatt) 6s outstanding, namely
$1,994,300
EdlBon Electric Light Co. gold trust certificate 68
11,268,060
Pbiladelpbia Electric gold trust certificate 5b
— V. 79, p.
2591.
Rubber Goods Mannfaotariiig Oompauy.
Report
for Fiscal Year Ending March SI, 1905
f
H. Dale says
Charles
President
The report shows an increase in volume over the preceding
:
year,
notwlrhstandlng the depression in business which existed from
August. 1903, to .July, 1904. During the year 1904, however, the
price of crude rubber was from 12 to 14 per cent higher than at any
time previous in the history of the industry, and this, of course, has-
—
:
Apr.
,
THE CHRONICLE.
15, 1905.]
Its effect on the profits. Partioalar oare and attention has been
all the plants to maintain them In a condition of highest posIn a satisfactory condition and all
sible efficiency. Bnsiness la
had
^vea to
now
the sabBldlary companies show a snrplas at the end of the year.
The operations of the controlled companies for fonr calendar years past (the year 1903 being charged with 15 months'
dividends) were as toUows :
STATEMENT FOB CONTBOLLBD COMPANIES.
Sales
Net earnings
1904.
1903.
1902.
$
S
14,556,289
1,901,630
14,810,752
2,183,787
$
13,999,329
173,331
128,286
56,309
388,037
209,645
295,565
56,477
260,281
1,150,718
1,311.819
Deduct —
Malnt'oe and repairs.
Depreciation
Bond
sinking fund...
AddlUons
to plant...
NeteamlnffB
DlvldendH to Rabber
Goods Mfg. Co
Dividends to others .
756,790
53,956
1901.
S
14,348,046
1,898,964
2,252.954
149,577)
801,912
536,254 \
80,209
50,467
67,165 See y below
1,449,749
1,646,585
880,469 xl,570,403
103,321
5^,392
1.362,824
107,124
Balance
8nr.3S9,972 8ar.372,958 det.228,974sar.l76,637
Sorplas prevlons year 865,167
492,208
721,183^
See y
below.
Total snrplas
865,166
492,209!
1.205,189
X
xin
1902 dividends are for 15 months to March 31, 1903.
the year 1899 there was reported a snrplas over dividends of
9811,989; for 1900, $398,697 for 1901, as above, $176,637 ; total,
$1,887,319. Against this was charged additions, $726,001, leaving
balance, sarplas, $661,318.
The statement of the Babber G-oods Mannfaoturing Co. itself for the fiscal years ending March 31, 1904 and 1905, contrasted with the 15 months ending March 81, 1903, and the
calendar year 1901, follow:
y For
;
STATEMENT FOB BUBBEB OOODB MANUFACTUBINO COMPAHT.
Tear.
ijmos.
1802-03
Tear.
1904 05.
$
1903 04.
Year.
1901.
$
$
Dividends from controlled
companies
756,790
Interest accoont
880,469
1,570,403
1.362.824
+5,584
-47,483
-22,557
Total Income
Bzpenses paid
756,790
117,760
886,053
103,702
1,522,920
142,676
1,340,267
63,404
639,080
782,851
1,380,345
1.276,863
1423
The executive committee has authorized the Treasurer to
receive bids until 2 P. M. April 17 for the $7,500,000 4 p. c.
80 year bonds, dated May 1, 1905, and due May 1, 1935; denominations, $1,000 and $500.
Merger >—Tn6 proposed reference to the next General Court
of the bill permitting the merger of the West End Street Ry.
(V. 80, p. 649) apparently hangs up the consolidation plan
for some months to come. The leading stockholders of the
West End are reported to be insisting that all the new stock
to be issued by the Elevated Company for the West End
shares [$ for $] shall be guaranteed 8 p. c. per annum, while
the Baliroad Commission has fixed the rate at 8 d. c. on the
preferred and 7 p. o. on the common.— V. 80, p. 995, 871.
Boston Sabnrban Electric Companies.— Listed in Boston.
Boston Stock Exchange has listed the common and
— Tlie
preferred stosks, viz.: Common stock, 47,969 shares; preferred stock, 47,119 shares.—V. 78, p. 2441.
Brooklyn Rapid Transit Co.— Lfsted.—The New York
Stock Exchange has listed $1,750,000 additional refunding
bonds of 2002, making total
mortgage convertible 4
amount
p. o.
listed $17,OCO,000.
Earnings. —For the year ending Dec. 81 earnings were :
$15,459,660 Total income
$6,434,885
$6,197,744 Taxes <& fixed charges.. 4,961,614
237,141 Net Income for year ... 1,478,271
-V. 80, p. 1362, 1174.
Gross earnings
Net earnings
Other income
I
|
1
Cliesapeake
&
OIilo
Ry.— Listed —The New York Stock
Exchange has listed $1,000,000 additional general mortgage
43>^s of 1992, making total listed $39,578,000.
The proceeds
of the new bonds have been or are to be applied as follows
Construction and additions, $750,000; for 2ad track, $250,000.
STATEMENT OF ISSnAHCB OF $39,573,000 OBHEBAL MOBTOAOB i^t.
:
Exchange of preferred
Corporate purposes
$1,500,000
Betirem't of prior liens 1,560,000
Second track
2,900,000
stock
Oonstrno.
A aoqnis'ns.
$12,660,000
21,953,000
Earnings.— For 7 mos. ending Jan. 31, 1905, earnings were:
Orosa earnlnffa
$12,110,964 Fixed ch'ge8,eto., less net
Operating expenses,
inc. from oth.soarces.$2,675,654
malnt'oe and taxes.
7,962,746
earnings
Balance, surplas... $1,472,564
Net
4,148,218
Equipment Notes. The company has sold to Blatr
Co.
$1,800,000 equipment trust notes covering 18 locomotives
and 1 ,500 steel' cars. The notes bear 4 per cent interest
and mature $90,000 semi-annually, April and October, in
from one to ten years.— V. 79, p. 2147, 915.
I
|
Balance
Dvldend on preferred.. (7) 663,598 (7)563,598 (85^)704,497 (7)563,598
Dividend on common
(2)338,834
75.432
18,688
218,753
87,271
675,748
650,426
Balance, sarplns
Previous sarplns
56,744
360,845
131,482
229,363
25,322
204,041
Total snrplaa
417,589
360,845
229,863
Charged
off
374,431
1
I
I
i
Seex
below.
J
X The anrplus over dividends reported for 1899 was $236,666; for
1900 was $211,881, for 1901 was $374,431; total, $882,878, against
which Was charged off «618,837 balance, surplus, $204,041.
^BALANCE SHEET OF BUBBEB GOODS MANUFACTDEING CO. MAB. 31.
'
;
I»06.
1804.
£
S
Invest'* sub. cos.. 25,033,260 25,015,879
OIHce furniture
3,s47
Cash
349,165
.S06,849
Mortgase notes... *23,O0O
»3l.0c0
Acc'ts & bills rec'le.
5,244
8,92i
^"A.ssets
Total
*
Liabilities—
Common
25.410,689 25.359.596
For property sold.— V.
1906.
1904.
$
$
stock
16,941,'700 16,941,700
Preferred stock .. 8,051,100 8,C5 1,400
Accounts payable.
5.651
Surplus
417,589
360.845
Total
.26,410,689 25,369.596
78, p. 1445, 1449.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Baltimore & Ohio RR.— Liafei.— The New York
Stock
Exchange has listed $2,847,000 additional Pittsburgh Lake
Erie & West Virginia system refunding mortgage 4 p. c.
bonds of 1941, making total amount listed $29,347,000. The
new bonds were issued for the following acquisitions, etc.:
»ow
Total
acquired, acquired.
_ „
Still out.
For
Pitts.
A Western By. Ist M. 4b.... $77,000 $7,3 18,000 $2,382,000
& Valley BR. 1 st 48. 2,1 89,000 2,2 13,000 3,302,000
Olev. Term.
. .
.
Enlargments, betterments, etc
A list of
the bonds
81,000
3,755,000
the stock and bonds heretofore owned and, like
now acquired, pledged to secure the P. L E.
&
W. Va system
refunding 4s was given in V. 79,
Earnings.— For 6 moa. ending Dae. 31
p. 3793.
:
Qrott.
Net.
Oth. income. Oharqet. Bal., sur.
,A*"<"'~
$34,544,733 $12,900,107 $1,376,806 $6,191,070 $8,081,842
JgOj
1908
34,41%557 12,728,446
........
........
.......
-V.
80. p. 1174, 995.
BosUn Elevated By.— fioni
/astie. —The Massachusetts
^*^lroad Commission has authorized the company to issue
|7,500,000 of 30-year 4 p. c, bonds (part of. an issue limited to
111,000,000) to provide for the extension of the elevated road
to Forest Hills, 2-834 miles, the payment of floating debt and
tor other corporate purposes, as follows
Forest HUla extension—
Real estate and dam-
EDglneerlEg, etc ...... $130,000
Oonstr. and equip
900,000
New power station
ages
entire
"L"
system
$3,700,000
New machinery, etc.
50,000
East Boston tunnel
equipment
300,000
,
9^0,000
Terminal Ktations
170 000
Equip, and rolling stk..l,300|000
"°°?* expended on the enterprise to Dec. 1, 1904, was
«i^**Q^^o^^Ao
^Kalnst
the company has been authorized to issue
SiQ^nn'- /,^' capital which
stock on $3,300,000, of which a premium of
IicJtS",;^^^
»l,8i5,ooo was Obtained, making total proceeds of stock $15,tl.'>,000.
The total cost of oonstruoilon. equipment, etc., InclndlnK the Forest
Hills extension, is estimated at $^6,047,614, which the Boston papers
flgare would be equal to $1,419,635 per mile on the entire 18-348
elevated structure built and building, while of this about
£?i«*..°,^
•fcUQ^OiiO p. m, would be represented by the bond issue of $11,000,000.
|
—
&
Chicago Rock Island & Pacific Rj.— Sale of Bonds.— The
company has sold to Speyer & Co. $7,000,000 of its first and
refunding mortgage gold bonds, due 1984. These bonds are
issued for improvements and betterments and for the acquisition of new rolling stock during the current year.
It is
understood that these bonds have been re-sold to L. SpeyerElisen of Frankfort-on-Main and the Deutsche Bank of Berlin for official issue and introduction in the German markets.
The bonds just sold are additional to the $25,558,000 now listed
on the New York Stock Exchange. Only $8,500,000 will be issued at once, and the proceeds will be used mainly to pay for
equipment.-V,
80, p. 1862, 472.
Cleveland Cincinnati Chicago
mon Stock— Option.— The
&
St.
Louis Rj.—Neio Com-
shareholders will vote May 31 on
authorizing an increase of $11,800,000 in the limit of common
stock, viz., from $28,700,000 to $40,000,000. Of the new
shares, $5,600,000 will be offered to stockholders at par to the
extent of 20 p, c. of their respective holdings on April 29, to
provide for improvements and additions. The remainder of
the new stock will be available for future requirements.
V. 80, p. 1358, 599.
Colorado & Soatbern Ry.— iVeu; Ponda.— Hallgarten
Co, and the Berliner Handel-Gesellschaf t and the Bank fur
Handel
Industrie ia Berlin and the Swiss Bankverien have
purchased about $17,000,000 of a new issue of refunding mortgage 43^i 30-year gold bonds, and have formed a syndicate to
provide $15,000,000 cash. Of these bonds $8,000,000 are to be
issued to take up the outstanding equipment trust and certain other obligations of the Colorado
Southern and the
Fort Worth & Denver City, to pay for the Cripple Creek
Short Line RR. and to provide working capital. The remaining $9,000,000 of the bonds are to pay for a new extension to the Gulf at a cost of from $17,000 to $22,000 a mile.
Tne Trinity & Brazos Valley RR. has been acquired, and will
form a part of the proposed new Hue.
The mortgage provid^js that, with the exception of about
$1,000,000 a year for improvements and betterments, no further bonds can be issued under the mortgage before Jan. 1,
1909, without the consent of the syndicate managers.
The
total amount of the mortgage is $iO0,O0O,00O, of which $38,000,000 is reserved for the refunding of outstanding bonds,
$15,000,000 for improvements and betterments and the remainder for the acquisition of new properties as already
stated.
The refunding mortgage must be ratified by the
shareholders not later than July 1, 1905,—V. 80, p. 1362, 1174.
Colorado Springs & Cripple ('reek District Ry.—Sale to
Colorado & Southern Ry.—Hee that company above and V.
&
&
&
80, p, 472,
nil.
Colambas London
Coupons Due April 1,
<S^ Springfield
Uj.— Offer to Purchase
1905. —The Knickerbocker Trust Co.
68 Broadway,
York City, gave notice on March 80 that
it would, on presentation, on and after April 1, 1905, purchase any or all of the coupons due April 1, 1905, on the first
mortgage 5 p. o. bonds. This offer was made with the approval of the committee of security holders, William B.
New
—
——
THE CHROXICLE.
14*31
McKinley, Chairman, A. E. L-'cke and Oscar T. Martin,
who, nnder date of Mar. 11, 1905, have issued a circular
letter to the holders of the notes and unsecured indebtedness.
—V.
—
,
80, p. 1174, 117.
Fortj-?ccftBd Street ManhattanTille
&
St.
Nickolas Are.
Mexican Central Ry. Mexican Currency Reform.— The
Mexican Government has fixed May 1 as the time when the
act for the reformation of the currency shall go into effect.
The free coinage of silver will cease after April 16.— V. 80,
p. 1174, 1059.
Rj.— Litigation.— The Union Trust
Co., trustee under the
mortgage securing the second mortgage 6 p. c. Income bonds
($1,500,000 of the il,6CO,000 authorized being outstanding),
Co. and its clients,
on behalf of the late firm of VermUye
who, it reported, hold $641,000 of the bonds, on April 8
applied to Justice Gildersleeve in the Supreme Court in this
city for the appointment of a receiver and an injunction
restraining the New York City Ry. from continuing to
operate the road. Tbe motion was made in the action pending for an accounting on the ground that earnings properly
applicable to payment of such interest has been nsid for
other purposes. The fl )ating debt due to the Third Avenue
RR,, as appearing on the books, is reported to be |5,917,486.
The Third Ave. RR. at last accounts owned $743, Of of the
bonds, on which no interest has been?paid, at least, for many
years. President Vresland, in an affidavit, denied that any
surplus has been earned available for interest on the income
bonds. Dacieion was reserved. —V. 72, p. 776.
&
Galyeston Harrlsbirg & San Antonio Ry.— Consolidation.— The House at Ausliu, Tex., on Mar. 27 finally passed
the bill authorizing this company to purchase the following
allied Southern Pacific lines: The San Antonio & Gulf, 35
miles; New York Texas & Mexican, 188 miles; Gulf Western
Texas & Pacific, ICO miles; Galveston Houston & Northern,
53 miles; Gonzales Branch RR.^ 11 miles, total, 387 miles.
The bill is substantially tiae same as that presented a year
ago except that it requires the company to build an extension
from Stockdale to Cuero, about 60 miles, by Dec. 1, 1906,
[Vol. lxxx.
Middletown-Goslien (New York) Electric Ry.
iz.d
Company.— See
ReorganV. 80,
Wallkill Transit Co., below.
p. 1059.
Milieu
&
Sontliwestern
RR.— Bonds.-This company
has
recently authorized an issue of first mortgage fifty-year 5
p. 0. bonds, due April, 1955; interest, April and O -.tober;
limit of mortgage, $800,000; Knickerbocker Trust Co., trustee,
of which $4,000 per mile, that is $210,000 bonds, are to be
issued at once on the 53 miles now owned from Millen to
Vidalla; $1,000 per mile are reserved for betterments to
present line and $5,000 per mile are reserved for extensions.—
V. 79, p. 1642.
Montgfomery (Ala.) Traction Co.— New Mortgage.— This
company, having passed under the control of Philadelphia
men, has made a mortgage to the R'^al Estate Trust Co. of
that city as trustee to secure $?, 009,000 of 5 p c. sinking
fund gold bonds of $1,000 each, of which $318,000 will be used
to retire the $318,000 bonds of 1903. R, D. Apperson is President and Ctiarles R. Miller Secretary and Treasurer, V, 80,
p. 1059.
National Docks Ry.— See Lehigh Valley RR. above.—
V. 78, p. 1783.
National RR. of Mflxico.-Currcncy JBeforw,— See Mexican Central Ry. above.- V. 89, p. 1363.
New York Central & Hudson River RR.— Favorable
Decision in Hirlem Suit,— The Appellate Division of the
Supreme Court, First Department, on April 7, unanimou-Bly
affirmed the decision of ex-Chief Judge Charles Andrews of
2642.
—V. 79, p.
the Court of A ppeals, acting as referee, who dismissed the
Havana Electric Ej.— Listed.—The New York Stock Ex- action brought by the Continental Insurance Co. and others
change has listed $6,957,000 consol. mortgage 5 p. c. 50-year to set aside the compromise agreement allowing to the New
bonds of 1952, $5,000,000 6 p. c. non- cumulative preferred York Central $220,000 of the annual saving through the restock and $7,500,000 common stock. The consolidated mort- funding: of $12,0( 0,000 of Harlem 7 per cent bonds. See edigage is limited to $10,000,000, the amount unissued being re- torial, V. 78, p. 2305; V. 78, p. 2335; V. 76, p. 1144.
served as follows:
Heli. Liable for Damages on Park Av
See remarks on
For the exchange of notes, oonpon noteB, etc
$889 page 1395 and editorial in V. 76, p. 892.— V. 80, p. 1230, 1235,
For exoh«nge oi $1,152,000 first 5s (of which amount
1240.
$66,000 have since been ledeemed by sinking f and), and
1,291,600
$82,000 second ta
New York & flarlem RR.— Decfsions.— See New York Cenl,750,ooo tral & Hudson River RR. above.
Issaable only by consent of stockholders
V. 78, p. 2385.
See page 777 of Street Railway Section and report ii
Nortliern Securitieg Co.— Mr. Harrim^n Retires.- A.vaoB
V. 80, p. 657, 647.
Tuck French has been elected a director succeeding E. H.
Kansas City Southern Ry.— Closing of Books for Election, H^rriman, whose term expired.— V. 80, p. 1363, 1059.
The stock books close May 5 for the election of officers on
Ozark & Clierokee Central Ry.— Listed.— The New York
May 17 and re-open May 18. The committee will forward Stock Exchange has listed $2,880,000 first mortgage guaranblank proxies upon application to the Chairman (Herman teed 5 p. c. bonds of 1913. See guarantee, etc., in V. 78, p.
Sielcken) at No. 77 Broad St., New York City.— V. 80, p. 2335. -V. 79, p. 1705.
1370, 1358.
PennsylT^nia Company.— O^erfngr.—The Guaranty Trust
Lansdale & Norristown (Pa.) Electric Ry.— Safe Ordered. Co. of New York has been offering a block of the 3>^^ 40-year
The Court of Common Pleas at Norristown, Pa.,oa Mar. 29 guaranteed gold trust certificates (series D) at 933^ and
set the foreclosure sale of this 12i^-mile road for May 4, interest.
These certificates are secured by deposit wicn the
upset price $160,000; outstanding bonds $299,000; date of Girard Trust Co, of Philadelphia, at par, of guaranteed 7 p. c.
Issue Apl. 1, 1902; no interest paid, the amount due for prin- special stock of the Pittsburgh Fort Wayne
Chicago
cipal and interest being $841,358. The receivers are Alvia Railway Co., all of whose outstanding bonds will be exHill and Robert B. Ksys.-V. 78, p. 1906.
tinguished by the sinking fund at maturity July 1, 1912.
CalUd.~The Girard Trust Co., Philadelphia, announces the
Lehfgli Valley RR. —Consolidation of Subsidiaries.— The
National D jcka Ry. (see V. 78, p. 1783) has been merged following eight certificates of the Z\^ p. c. gold loan of 1901,
with the Lehigh VaUey RR. Co. of New Jersey, the stock of maturing Nov. 1, 1916, drawn for redemption as of Novemthe latter company being increased by $3,854,000, to $2),208,- ber 1, 1904, are still outstanding, and should be presented for
payment at once, as interest thereon has ceased, viz.: Nos.
000, In order to take up the shares of the National D .'OksCo.
'.
—
—
—
&
18,053, 12,079, 12.100, 13,477, 14,643, 15,213, 16,214, 18,811,
Compare V. 77, p. 250; V. 80, p. 1111.
each $1,000, -V. 80, p. 1175, 1112.
Lelilgh Valley KR. <if New Jersey.— See L?>high Vallev
Pontiac Oxford & NorthernRR.—i2eceiu«rsfttp.— Robert
RR. above.— V. 77, p. 250.
A, Lounsbnry of Pontiac, Mich., has been appointed reLima Findlny & Toledo By.- Safe of Bonds.— The com- ceiver by Julge G^oTge W. Smith, of the Oakland County
pany has sold to Ddnlson, P.ior & Co. $400,000 first mortgage Circuit Court, in the action begun by certain minority
dollar for dollar.
6 p. c, bonds to provide for the construstlon of a trolley road
between Lima and Findlay, O., a'^ a connecting link in a
Trans-State line from Cincinnati to Toledo, The other roads
in the line, it is stated will be the Wt-stern O lio Ry. and the
Toledo Bowling Green & Southern, the Cincinnavi Northern
and its leassd road the Cincinnati Diyton & Toledo.
—
Lonigville & NaslivJlie RR.— Line Completed.— The connecting line between Kaoiville, Tenn., and Jellico, 65 miles,
was opened on April 13, completing the through route from
Cincinnati to Atlanta, and forming the Atlanta Kaoxville &
Cincinnati division, which in covered t.y the mortgage re
cently authorized (V. 80, p. 872). Compare V. 79, p. 1474;
V. 78, p. 1549, 702.— V. 80, p. 1235, 1174.
Maesacha&etts Electric Compiinies. New Share Capital
fur tub.ndiary Vompany.— The Massachusetts RdUroad Uommisaion has authorized the O.d Colony Street RR Co. to
ieeue 5,000 additional shares of capital stock at $K0 per
share, as follows: 4,250 shares to take up fliating debt incurred for additioas; 750 shares for furtlier extensions.- V.
60, p. 1863, 1235
Metropolitan West Side ElfcT.ited RnilwDj- Cliii!ago.—
Ci/^cera.— Howard G. Hetzler hashe^n elected President
and Goneral Manager, vice Dickinson MacAllieter, resigned.
The board has also elected Director F. A. Djlano Chairman
of the board. George Hi^ginson Jr. has resigned as Secretary and Treasurer.
Heport.-Sae page 1421 of to-day's Chronicle.— V. 80. p.
New
1863, 1069.
stockholders in Jane, 1903, on the ground of mismanagement. Josi'ice Gildersleeve in the Supreme Court in this city
on April 13 appointed Q-^iincy W. Biese ancillary receiver for
the property in this State. The defendants contend that the
company is solvent. All interest due on the $400,000 outstanding bonds has been paid. See V. 77, p. 299.
Pnbllc Service Corporation of
New Jersey.— JVewS'tocA!.
—The directors have voted to increase the
ital
outstanding capstock from $: 0,000,000 Lo 112,510,000, for additions, etc.-
V. 80, p. 652, 134.
8
St. Louis & San Francisco
months ending Feb. 28
8 mos.—
Gross.
0th. inc.
Ntt.
1904 05 ..$26,Ob6.S62 $^,831,*74
1903 01.. 24,624,150
8,132,645
— V. 80, p.
RR.— J^^arningr"?.— For
the
:
i»;i'i,2i>7
Ch'ges&taxet.
Bal.fordiv
$7,805, 226
$1,080,545
1303, 1112.
Southern Illinois & Missou^'i Bridge Co.— Completion of
Bridge -Status of Bonds, Etc. -It is expected that this ciimpany'a bridge across the Mississippi River at Thebes, 111.,
will be reaiy for use by May 1 next. The entire capital
stock of the company, $5), 000 (80 p. c. paid), la owned in
equal parts by the following-named railroad companies:
MlBsonrl Pacific Ry., Chicago & East. III. (Frisco syRtein),8t. Lonls
Illinois Central RR., St. Louis
Iron Mountain & aouthern RR
Sonthweetern Ry.
These companies, except the Missouri Pacific Ry., which
has no physical connection with the bridge (except through
its subsidiary line, the Iron Mountain), have entered into a
50-year contract dated Nov.l, 1901, for the uge of the bridge,
,
—
Apr.
.
,
THE GHEONICLE
15, 1905. j
agreeing tojjrovide the bridge oompany with the funds
needed to meet the interest on its bands and all its other
charges, on the following basis:
It l8 agreed that lor the use of the bridge, the lour companies will
pay to the bridge oompany on all their trafflo moved over the bridge
the rates and chargss established by the bridge oompany, and In ease
the funds BO derived are Insnfflolent for the payment of expenses for
maintenance, operation, taxes. Interest, etc., each will pay its proportion of any deficit that may result. "The Bridge Company's tariff ap-
J4;>5
Co., St. houU.— Increase of Capital
certificate has been filed in
ssonri increasing the
authorized issue of capital stock from $3,200,000 to $4,000,000,
the new stock being described as full-paid 5 p. c. preferred.
The certificate 'shows total assets $6,658,569; liabilities, $2,The stock was increased from $1,600,000 to $3,200,000
886,609.
in February, 1902.— V. 74, p. 430.
Bemis Bros. Bdg
M
Stock.— A
(A.) Bo 9th Co.— Purchase of Steamship Line.—This company was recently reported to have purchased the property
and good will of the White Line Transportation Co., operatThe amount of the mortgage is $3,000,000, and all of the ing a passenger and freight line between Dnluth, Hincock
bonds will be issued within the next two or three months, and Port Arthur.— V. 76, p. 1145.
and within that time it is quite probable that the remaining
Cabill Eleclrie Typewriter Co., Washington, D. C.—
30 p. c. of the capital stock will be called.—V. 75, p. 78.
Sale £)eferrecJ.— Vice-chancellor Emery at Newark, N, J.,
Texas & New Orleans RB..— Sale of Dallas- Sabine Division has temporarily suspended the order for the sale of the comAithorized. Goveraor Lanham on Mar. 27th approved the pany's property, on application of E. Q. Keasbey, counsel for
Thaddeus Cahill, The company ceased doing business in
bill authorizing this company to sell its DiUas-Sabine divis
1903, and the sale was to take place under a chattel mortgage
ion, which runs from Dallas to Sabine Pass, a distance of 300
William F. Carter
miles, to an independent company not to be identified in any for $18,000 held by Herbert S. Lafferty.
way with the Southern Pacific. The Rock Island Co. or the is receiver. Compare V. 72, p. 45.
St. L^uis & San Francisco, it is supposed, will be the purCentral Leather Co. Sucassor of United States Leather
chaser.— V. 79, p. 2797.
Co.— This company filed articles of incorporation at Trenton,
Unitiid Railways & Electric Co. of Baltimore.— -Report N. J., on Apr. 12, as successor of the United States Leather
—The results for the year ending Ddc. 31 are given below. Co, per plan in Y. 80, p, 717, 1125. Authorized capitaliz itlon:
The figures for 1903 have been revised by the experts so as to $40,000,000 common stock, $40,000,000 7 p. c. cumulative pref
include in operiting expenses $424,313 expended for recon- stock and $40,000,000 first lien gold 5s. See page 411 of Rail
structing tracks charged to profit and loss as per report for WAT AND IKDIJSTRIAL Section for January. New Jersey
representative, Corporation Trust Co.— V. 80, p. 1125, 875. , ^
1903 (see V. 78, p. 817.)
plied to the traffic of the railroad companies in qaestion, now crossing the river, will more than provide for any sum that may be required for the payment of operating expenses, taxes, interest, etc."
—
,
Year.
Net
Other
I Qrosf
Earnings. Earnings. Income.
A
CD
—V.
10,238
2,502,075
Interest
Balmice
on Inc.
Sxirplus.
ft
jSt
1904-5,440,942 2,564,403
1903. .6,480,629
Fixed
Charges,
if.
fl|
2,244,678
2,148,029
9f
Bur.330,063
560,000 def.205,954
80, p. 1238, 998.
Wabash B,R.—Acquisitions. — A press dispatch from SpringI'l., stated that this company would take over on
field,
Apr. 1 the operation of the following companies: Athens Mining Co., Sangamon Coal Co., Central Co-operative Coal C^.,
Dawson Mining Co, and the Woodside Mining Co. An
officer of the Wabash, replying to our inquiry as to the truth
of the report, says "the Wabash RR, owns no coal properties,"
but fails to say whether or not control has been acquired in
the interest of the Wabash. See also West Virginia Central
& Pittsburgh Ry., below.— V. 80, p. 1364, 1236.
Wallkill Transit Co., JUiddletown, N. Y.— Reorganized
Company —This company was recently incorporated at
Albany with |350,000 authorizad capital stock as successor of
the Mlddletown- Goshen El. Ry. Go.
Directors
W. M.
Ogelsby, Harrisburg, Pa.; H. R. Boyce and M. Benjamin,
Mlddletown. Compare V. 80, p. 1059.
Washiagtan Alexandria & Mt. Vemoa ;( Electric) Ry.—
Bonds Offered.— QT&hHm & Co., Philadelphia, offered this
week at 1023^ and interest a block of this company's first
mortgage 5 p. c. gold bonds. For particulars see V. 80,
:
Chicago & Northwestern Telegraph Co.—Reorganization
The reorganization of the company is pending, but may not
be completed for two or three months. Tne property has
been operated by the Western Union Telegraph Co. under a
lease which expired in 1904, the lessee paying 4 p. c. per
annum on the $100,000 stock and guaranteeing interest on
1100,000 of first mortgage 6s, due Sept. 1, 1904, of which
$40,000 are owned by the lessee. A plan which was proposed
last January provided, we understand, for the organization
of a new company whose capital stock, replacing the present
stock and bonds, would be guaranteed 8 p. c. per annum by
he Western Union.
Clinton (Mass.) Was Light Co.— Bjnds.—The Massachusetts Qfis Light Commission has approved the proposition to
issue $110,000 4^ P- c. 20-year bonds, viz., $100,000, to take up
5 p. c, coupon notes and $10,000 for additions,— V. 80, p. 714.
Colorado Fnel & Iron Co.— Listed.- The Naw York Stock
Exchange has authorized the listing on Apr. 21 of $6,200,000
additional common stock, making total amount listed $30,I
132,000.
Listing by New Sub&idiary.See Colorado Industrial Co.
below. -V. 80, p. 1177, 474.
Colorado Industrial Co.— Listed.— The New York Stock
Exchange has listed $12,378,000 first mortgage and collateral
trust 5 p. c. 30 year convertible bonds of 1934, series "A,"
p. 1176.
and has authorJz-;d the listing from time to time, prior to
Jane
1, 1905, of $24,932,000 first mortgage and collateral trust
West End Street Ry., BtBton.— Merger Apparently Hung
The
5 p. c. 30-year bonds, series "B" of 1934, when issued.
i/p.— See Boston Elevated Ry. above.— V. 80, p. 652.
Western Mnrjland &B..— Acquisition.— ^qq West Virginia company was organized as a subsidiary of the Colorado Fuel
Iron Co.
2341,
&
Central
Piitsbargh below.
Description of Cumberland Extension, See "Engineering
Record" of Mar. 18 and previous issues.— V. 80, p. 1176, 1113,
Western Pdcifle R's.— Reported Purchase.— Western advices state positively that this company has purchased the
Boca
Loyalton RR. (see V. 76, p. 1191),— V. 80, p. 1364.
West Tirginia Central & Fittsbargli lij.— Acquisition.—
Oa April 9 tbis company, which is controlled by tne Western
Maryland RR,, took over, it is said, the control of the Beliogton & Beaver Creek Ry., 10 miles long, running from Belington to Weaver, W, Va., and the 10,000 acres of valuable
upper Freeport coking coal and 400 coke ovens which were
formerly owned by the Weaver Coal & Coke Co. but in 1904
were transferred to the Manufacturers' Fuel Co.— V.79, p. 787.
—
&
Wilmington & Northern RR.— Bond«.—The shareholders
will vote May 1 on issuing |24),000 general mortgage bonds
of 1892 for the acquisition or construction of oranches or
extensions. The mortgage is limited to $1,000,000, of which
$4 6,000 is outstanding and |354,000 reserved to retire the
outstanding first mortgage bonds.
The proposed issue,
$240,000, is the remainder of the authorized amount.— V. 72,
p. 840,
lowing directors (and
p. 1177;
V. 77,
p. 2282,
Lightiog Company with authorized capital stock of $2,The stock is all of one class par of shares, $100.
Ic is proposed to make a new mortgage to secure $2,5C0,000of
5 p. c. gold bonds of $1,0C0 each, of which sufficient will be
reserved to retire at or before maturity all of the existing
first mortgage bonds of the Dayton Electric Light Co.; authorized issue, $500,000 (see V. 79, p. 2645). The company does
all the electric lighting—municipal and commercial
of Dayton, Obio. Dr. J. E. Lowes is President. Charles H.Werner,
No. 82 Nassau St., New York, is interested.
Dominion Iron & Steel Co.— Saie of Bonds.— The directors, it is said, have voted to issue tha treasury portion of the
second mortgage 6 p, c, bonds; total amouac authorized,
$1,500,030; heretofore taken by directors, $500,000.— V. 79,
500,000.
;
—
p. 2208.
officers) are
Eastman Eodalc Co. of New Jersey.— Listed. The New
York Stock Exchange has listed $5,1*93,700 preferred stock
and $19,524,700 common stock. Sae V. 80. p. 1365.
fol-
announced:
of Board, Daniel
Guggenheim; President, E. W. Nash;
vice Fresident. Barton Seweli; Treaaurer, Murray Guggenheim; Secretary E award Brush; Isaac Gnggenhelm, A. EUera,
R. Guggenneim, Simon Guggenheim, E. L. Newhouse, Karl Eilers,S. 8. W. EooieeMKobert Guggenheim, J. B. Grant. Dennis Sheedy, Franklin Gulter,
manand W, S. Morse, See V. 80, p. 1237,
873.
Telephme & Telegraph Co.— Listed.—
Uhe New York Stock Excnange has listed $10,000,0C0 addi/i.u^'^t'"*^?? i^^^^)
tional 4 p. c. collateral trust bonds of 1929 and
|7, 000,000
capital stock, making total amounts listed
2oo i^l«°n^l^
f38,0OO,0CO and $131,551,400 respectively. It has also authorise n«*:?nno^'*°^ ^^^^ *™® to time, prior to Oct. 1, 1905, of
!|)l 5,000,000
additional collateral trust bonds. Compare report, etc., in V. 80, p, 118:), 1176, 1113.
»«^/V
per plan in V, 80,
Dayton Electric Light Co.— Consolidation's ie Dayton
Lighting Co. below,—V. 79, p, 2645.
D.aytoa (0.) Lighting Co.— Consolidation.—The Dayton
Eieoiric Light Co,, which recently changed hands (compare
V. 79 p. 2645,) has been consolidated with the Montgomery
County Electric Light Co. under the name of tha Dayton
—
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Smelters' Exploration Co.— Oncers —The
Chairman
6
Equitable Life Assaranee Soeletj.—Suit Delays Mutualizafion.- Franklin B. Lord, holder of 36 shares ot the company's capital stock, applied on April 7 to Supreme Court
Jnstice Maddoz in Brooklyn for an order restraining the
offioers of the Society from carrying out the mutualization
plan, chit fly on the ground that no provision has been made
for "the Incidental indemnification of stockholders."
The
Society has outstanding some 560,000 policies, most of which
are for less than $5,000, and therefore under th3 existing
charter not entitled to receive the privilege to vote. The
surplus exceeds $80,000,000, some portion of which, the complainant contends, should go to the stockholders for rights to
be surrendered, and the remainder, or a part of it, should go
to the palicy holders at the expiration of their Tontine
periods, the stockholders first receiving their regular divip. c. per annum,— V. 80, p. 1385, 1178,
dends of 7
——
:
THE CHRONICLE.
1426
[Vol.
lxxx
ETaii8Tllle(Ind.)Ga8& £leetrio Light Co.—Eaminga.—
Knickerbocker Steamboat Co., New Yot k,—Forechsure,
& Savings Bank, Chicago, recently of- Supreme Court Justice Maddox in Brooklyn has ordered
fered at par and interest |30,000 of this company's first mort- the foreclosure sale of the Grand Republic under the mortreserved for gage covering that vessel and the Gen. Slocum, which was
gage gold 58 of 1902 limit of issue, $1,250,000
future extensions, $180,000
total present issue, $1,070,000
burned last summer. The amount due is stated as $150,000;
capital ftock, $60O,0u0.
The earnings are reported as follows no interest has been paid since July 1, 1904.— V. 79, p. 1957.
for the fiscal years ending June 80
Laclede Gas Light Co., St Lonl».— Bonds Offered.— N. W,
Interest.
Bal., sur.
Tear Orots.
Net,
Harris
& Co. have sold an additional $1,000,000 6 p. o. bonds
1903-04
$208,024
$81,005
$62,587
$2B.418
due April 1. 1934, making $6,000,000 of the issue outstanding.
190203
188,302
76,722
Compare V. 79, p. 1644.
See full particulars in V. 75, p. 188.— V. 77, p. 1876.
Earning*.— The firm publishes the following earnings aa
Flelschmann Co. DistilliDg & Refining, Cincinnati.— offioially reported for the year ending Feb. 28, 1905; we annex
Incorporated. This company was incorporated in Obio on for comparison the results for the calendar 1903:
Tuesday with $6,000,OC0 authorized capital stock, of which
Oroia
yet
Interest
Balance,
13,000,000 is 6 p. c. cumulative preferred per plan in V. 80, p.
Tear—
Earnings.
Earnings.
on Bonds.
Surplus.
—
The American Trust
;
;
;
;
:
—
999, the incorporators being
late Christian Fleischmann.
is stated, was issued at 120,
p. 999.
members
of the family of the
$1,200,000. it
Of the preferred,
under the recent offer.— V.
80,
&
Stock Telegrapli Co.- Bonds to he Extended,— The
i^ p. c. debenture (not mortgage) bonds which
mature May 1, 1905, will, we are inforn»«d, be extended on
the eame termf for five years. The company's property is
leased to the Western Union Telegraph Co.— V. 19, p. 351.
Gold
$500,000 of
Gottlieb-Paaernsetamldt Stranss Brewing Co,— Interest
The directors voted on Apr. 11 to pay 1^
p. c. interest on the income bonds on May 1, being the same
amount as paid Nov. 1, 1904,— V. 79, p. 1844.
on Inccme Bonds.
—
Grand Kapid8(Micli.) Hjdraolic Co.— Repeal of Charter
—The
State Legislature at Lansing, Mich,, on Mar. 30
passed unanimously the Ellis bill repealing the company's
charter. Governor Warren signed the bill on Apr. 6. The
Grand Rapids "Pest" of Mar. 22 contained a letter from Mayor
Elwln F. Sweet touching the relations of the city to the
company. The Mayor says in part:
During the past twelve years the Hydranlio Oo. has been In the
haads of a receiver. There Is reason to believe that its supply has
neither been ample nor pure, as reqalred by its charter. The araoant
at Its bnslceBB
Interest
on
has been so small that
it
has relther paid
its bonds or dividends to its stookoolders.
It has done has been sabtraoted from the
its
And
debts, the
yet,
snch
business which
would have been received by the city water-works.—V. 72, p. 1190.
bnslnees as
—
Hndson Nayigation Co,— Oonaolidation Approved. The
sbareholders voted on April 11 to adopt the plan for absorbing the New Jersey Steamboat Co.— V. 80, p. 1865,
Haebner-Toledo United Breweries Co. Conaolidation,—
This company has been incorporated under the laws of Ohio
in accordance with the plan for the consolidation of the
Toledo brewing companies which was published in the
Chronicle of March 25, p. 1183, under the heading Toledo
United Breweries Co. Common stock, $1,500,000; preferred
stock, 6 p. c. non-cumulative, $1,500,000; first mortgagee p o.
sinking fund 25-year gold bonds of $1,0G0 each, $3,000,000,
subject to call at 107)^ and interest for an annual sinking
fnnd of $25,000, beginning Sept. 1, 1906; Ohio Savings Bank
& Trust Co., Toledo, truetee. All the Toledo breweries, except the Buckeye, were acquired as of Aprill. The officers
1904-05
$1,378,777
f3,273,o60
$691, 806
$68e,971
Z,425.4i8
1,148,533
500,000
648,533
The dlTldend rate was recently Increased on the common stock from
4 p. 0. to 5 p. 0. per annnm. oalUni? for $4*25,000 yearly; 5 p. c. on the
preferred re quires $l2^,000; total dividends on present basis $550,000,
"The earnings reported for the six months ending Feb. 28,1905,
show an increase of .32 p. o. In gross and 35 p. e. In net over the cor>
responding period of the previous year." -V. 80, p. 1061, 602.
1903
(Tlie) J. H. Ladew (Tanning) Co.— iVew Enterprise.—
This company was incorporated in New Jersey on Feb. 28
with $1,000,000 authorized capital stock, to tan leather, the^
incorporators Including the President, J. H. Ladew, and"
Albert S. Wright, both of New York City. Mr. Ladew was
recently Treasurer of Fayerweather
Ladew, the wellknown manufactuiers of leather belting, whose business has
just been taken over by Edward R. Ladew and is now condnoted by the latter personally under his own name, with
office at 91 Liberty Street, Ntw York City.
The J. H. Ladew Co. Is a close corporation at pressnt unbonded. Its directors are
J. Harvey Ladew of New York Oity (President), Xoseoh O. MIorse of
Boston (Vice-President), Charles £. Krom of New York City (Treasnrer), Jonathan H. Yocum of Newark, N. J. (Secretary), and Oliver L.
Lookwood of Chattanooga, Tenn.
Mauufuctnrers' Commercial Co.— Bonds Offired.-Thla
company is offering for subscription by advertisement on another page $1,000,000 20 year 5 p. c. bonds, denomination
$500 each, redeemable at par and interest, at holder's option,
June or December in any year. The total amount of the
issue is to be deposited in cash with Lincoln Trust Co., trustee, to be loaned only on guaranteed receivables, which turn
continually into cash, that is loaned again on new securities
of same form. The advertisement says
Under the trust agreement, there mnst always be in the bands of the
trnstee for each $500 bond nntstanding $500 in cash and $800 In cer-
&
:
tificates,
representing valid aooonnts-reoeivable orJbtllE-reoelTable of
manufacturers or merchants in good standing. Tbe system of certificating accounts and trusteeing them for loans under which these
bonds are issued has been in operation for five years, and banbs and
trust companies have loaned on $25,000,0 '0 of these securities without loss. The Manufacturers' Commercial Go. has regularly paid 7 p.c.
per annum on its preferred stock since its organization.
Directors: Frank E.Anderson, President; R. Ross Appleton, Claude
Barry, Sir Martin Conway, Herbert N. Fell. O. B. Jsqna, Arthur Lord,
Robeson Lea Low, George D. Mumford, John C. Powers and S. T.
Lloyd Williams.
The bonds will be issued June 1. Capital stock, common,
Office, No.
$500,000; preferred, $545,100; par of shares, $100.
486 Broadway, N. Y, City.
are:
Jacaes E. PlUlod, President; John Huebner, Vice-President and General Manager; Louis P. Vol k, Superintendent of Sales and Collec Ions, and C. Rudolph
Brand, Secretary and Treasurer. THe directors are the aforementioned and
Joseph Grasser, William J. Finley, John J. Huebner Jr., Genera. <:. M. Spitzer
and James J. Robinson, of Toledo; F. W. Gehring and Kmil Joseph, of Cleveland; Georee P. Sohngen, Ed. C. Sohngen, Clarence Murphy and Charles E.
Heiser, of Hamilton.
Manofaetnrerb' Fuel Co.— Sale— See West Virginia Cen& Pittsburgh Ry. under ••Railroads" above.— V. 78,
tral
p. 2445.
Minneapolis General Electric Co.— Be Financzng. —The
recently acquired complete riparian rigtita for
the development of a 24,0C0 h. p. water power on the St.
Croix River at Taylor's Falls. To provide funds for the development of this water power, the company has called in all
of its present 5 p. c. bonds, and has made a new mortgage,
under which it is authorized to issue a total of $8,000,000
bonds. $5,000,000 of these bonds will be issued immtdiately;
The $1,000,000 bonds offered to the nubile were largely
over-subscribed. The Cleveland Stock Exchange has listed
the outstanding securities, viz.: common stock, $1,278,0C0;
preferred stock, $1,278,000 (par of shares $100); bonds. $2,656,000, dated Apr. 1, 1904, and due July 1, 1930, but subject to
call as above stated; interest payable Jan. 1 and Ju ly 1 at
office of trustee.
No prior liens.- V. 80, p. 1183.
company has
International Mercantile Marine Co. Steamship Agreewill be held in tbe treasury to retire a like amount
ment Off,— It was annonnoed on Thursday that the Cunard $715,000
of underlying 6 p, o. bonds the balance have been sold, and
Line had withdrawn from the steamship agreement because
the proceeds will be used for retiring the present outstanding
the International Marine Co. could not comply with one of
fives and for developing the water power. See V. 80, p. 1115.
it
is said, the change of
the provisions thereof respecting,
Montgomery (Ala.) Light & Water Power Co.— New
sailing day of the American Line. Ocean travel is now so
heavy that for the present at least no danger of rate-cutting JFVestdent— Emerson McMlllln of New York, one of the
;
largest stockholders, has been elected President to succeed
F. Vandlver, who has sold his stock. Superintendent
anticipated.— V, 80, p. 1000, 878.
International Paper Co.— Listed.— The New York Stock
Exchange has listed $5,000,000 consol. mortgaged p. c, convertible bonds of 1986. See V. 80, p. 225, 119.
Earning$. The earnings for the six months ending Dec. 31,
1904, compare with those of the fiscal years ending June 80,
1908 and 1904, as follows
is
W.
R. J. Chambers has become Vice-President and General
Power Co, was organized
Manager. The Citizens' Light
several months ago as a competing company, but at last accounts had done no building.— V. 79, p. 2646.
Morgantown ( W. Va) Tin Plate Co.— Re-8old. —At WheelPeriod
OroBi Cost raw ma- Interest Dividends Balance, ing, W. Va., on April 4, the property was re-sold by order of
covered—
inrojne. ter'lt,mfg ,<tc. t''xes,<ie. on pre/.
surplus.
Court and bid In for $219,900 by J(jhn Frnzler, reprpeeating,
Six mos. end Dec. 31,19C4..|10,4flw,eiO |8,Hfl ,Ml;j a517,y71 (.'i)$«72.201 $411,770
it is said, Pittsburgh attorneys of the United States Steel
Vear 190:j0t
!iO,Mi,6U 1 .ITA^O I,()e2..t2:i (0)1,344,402
717,268
Tearl60<;-03
20,14z,771 16,529,310 1.082,»27 (6)1,344,402 1,186,138
Corporation.- V. 80, p. 1288.
Total sorplue Dec. 31, 1904, $1,888,201. V. 80, p. 226, 119.
Mt. Hope Cemetery Agsociatlon, New York.— Largre Delarge majority of the stock has been deposited
po8it9,—A
Cumulative
Payment
Inlernalional Power Co,— Last
of
Dividend on Preferred Shares,— The directors declared on under the shareholders' agreement noted last week, this InMonday a dividend of $3 per share (8 p. c.) payable on cluding all the leading holdings. The assessment of $1 60 per
May 15 to holders of record on April 10. This dividend, it is share will yield from $50,000 to $80,000, there being outannounced, completes the deferred dividend payments on standing In all 40,000 shares of $25 each (»of $10). After
this stock to April 1, 1906. Hereafter the dividends will be payment of the judgments, aggregating about $23,000, there
payable on Oct. 1 and April 1 in each year. The board also will remain a reasonable amount as working capital. No
new cemeteries may be established in Greater New York,
ratified the payment and cancellation of $75,000 of bonds out
of the total issue of $200,000, leaving only now outetaDding a and this comoany's property, therefore, located near by in
bonded debt of $126,000 beariog interest at 4 p. c, per an- Westchester County, is expected eventually to become of
onslderable value.— V. 80, p. 1886.
nnm.-V. 80, p. 654.
&
—
:
I
Apr.
THE CHRONICLE.
15, 1905.1
& Wire Co.— Further Deposits
to bp. Received
time for the deposit of securltiea of the
Safety losnlated Wire & Cable Co., the National Wire Corporation and the National Sreel Foundry Co,, for exchange for
voting trust cerHfieates (common and preferred) of the National Steel & Wire Co., has been extended to May 1, 1905.
The terms of exchange are as follows (oompare V. 77, p. 2161,
National Steel
Till May i — The
2398):
.
Receives
.
Oom.ttoek. PrefJ%8lock.
dk Cable Co. bonds
$1,000
do
stock
$1,000
do
do
do
1,000
National Wire Corporation bonds
stock
1,000
do
do
do
1,000
National Steel Foundry Co. stock
Over 90 p. o. of the aforesaid seoarltles have already been deposited.
Each 9\,000 ofSafety Insnlated Wire
The minority shareholders are urged to deposit their holdings in order that they may participate iu the consolidation
of all the companies controlled, which is proposed under title
of the National Consolidated Wire Co. See V. 80, p. 1000.
Northern Galiforoia Power
the year ending Feb. 28 were:
Tear.
Qroit.
Net.
$118,647
96,779
1904-06. .$178,573
1903-04.. 150,925
-V. 79, p. 2460.
Co.— Report.— The
results for
Oth.ine.
Interest.
Divid's. Bal.,sur.
$4,40$
1,278
$43,982
28,774
$60,000
$19,070
69,283
1427
of Delaware by merger of the following independent coal
properties of the Birmingham district:
Pratt Coal Co. (see V. 78, p. 1786). Ivy Coal & Iron Co., the Townley
Mining Co., Gamble Mines Co., Globe Coal Co., Nunley Coal Co.,
McCormaok & Ramsay Coal Lands, Crooked Creek Coal Lands, Lookhart Coal Lands.
The consolidated company holds in fee 68,000 acres of coal
lands with improvements, and has a daily output of 8,000
tons which it proposes to increase to 12,000 daily within the
next 18 months. The capital stock is $5,000. f 00 in shares of
$100 each, all of one class; outstanding, $3,600,000.
mortgage has been made to the Central Trust Co. of New York,
trustee, to secure $5,000,000 of 5 p. c. gold bonds of $1,000
each, of which $8, 600,000 are outstanding.
The bonds are dated Jan. 1. 1905, and are due Jan. 1, 1955, but are
subject to call on (or after?) Jan. 1, 1910, in any amount at 105; interest payable July 1 and Jan. 1 at ofSoe of trustee; sinking ftind 1^
p. e. No prior liens, we are Informed, remain outstanding; the mortgage covers the entire 66.000 acres and improvements.
G-. B. McCormack is Chairman of the Executive Com.
T.
T. Hillman, President; Erskine Ramsay, Vice-President; J.
A, Shook, Secretary and Treasurer, and H. E. McCormaok,
Vloe-Pres. and General Manager.
A
;
Babber Goods Manafaotnring Co.—iVew Director.— Maurice
Blanchard has been elected a director in place of
I.
W.
T.
Coles.
i2epor«.— Seepage 1422.—V. 78, p. 1445, 1449.
Niagara Falls, Canada.—Sonda OfTexas (Oil) Co., Beaumont. Tex.—Increase o/ Capital
fered.— Denison, Prior & Co., Boston, are offering at par and
Stock.
An amendment to the charter has been filed at
interest, by advertisement on another page, $1,000,030 of
this company's first mortgage sinking fund gold 5s of $1,000 Austin increasing the capital stock from $3,000,000 to $6,000,each; dated Feb. 2, 1903, due Feb. 1, 1943, but subject to call 000 for the purpose, it is rumored, of absorbing several small
on or before Feb. 2, 1913, at 110 and interest; interest pay- oil concerns and to make improvements.— V. 79, p. 2090.
able Feb. 1 and Aug. 1 at Canadian Bank of Commerce, ToToledo United Breweries.— See Huebner-Toledo Breweries
ronto, or its agency in New York City; trustee, Toronto Gen- Co. above.—V. 80, p. 1183.
eral Trust Corporation. A sinking fund of |1 per horse
Union Typewriter Co.— Capacity of Remington Works.
power fold begins July 1, 1909. The outstanding bonds now The capacity of the Remington Typewriter Works, conamount to $2,599,000. The turbine and generator for the trolled by this company, it is announced by advertisement,
first 10,000 have been set up and those for the second 10,000
has been increased by the new addition to the works to a
are being rapidly put in place, while the power-house is now machine a minute. This increase refers only to the Remingfar along to enclose machinery for 40,000 h. p.
ton Works and is independent of the capacity of the other
An ofidcial statement says in part:
plants controlled by the Union Typewriter Co.—V. 80, p.
Ontario Power
Co.,
—
—
The plant, which -will ultimately have a development of from
180,000 to 200,000 horse power, is practically a reversal of the plan
employed at the other Niagara plants, and a retarn to the oldfasDloned mill race of onr country streams. From the mill pond, or
forebay as It is called, located a mile above the Falls, and covering 10
acres, there will extend three 18-foot pipes, which form the mill race.
One of these pipes Is now in place and will pass 8,900 cubic feet of
water per minute. The pipe extends 6,100 feet along the shore to a
point below the Falls, and there the water is led off through eight
penstocks with a perpendicular drop of 133 ft. into the power-house,
which is on a cliff of rock near the river level. The drop from the
intake to the center of the turbines is 202 feet, of which 175 is effective, so that the capacity of each pipe will be 60,000 horse power. The
turbines are of the Francis type, and on the shaft of each is the
dynamo, with a capacity of 10,000 horse power at 12,000 volts. The
power is then led to the transformer house situated high on the bluff
overlooking the river, where the voltage will be increased to 60,000.
President J. J, Albright writing to the bankers under date
of Oct. 28, 1904,
sav-
The company is under contract to deliver 80,000 h. p. on or before
1, 19U6, and 30.000 h. p. (making 60,000 h. p. in all) on or before Jan. 1, 1907, and the work Is now progressing at a rate which
leaves a safe margin of time for completion within the dates named.
Under the mortgage the total issue of bonds cannot exceed $60 per
July
h. p. with the addition of $700,000 for hydraulic development at the
Intake works and for preliminary expenses. The company has already
sold, under a contract extending to April 1, 1950, with the privilege
of three extensions of 20 years each, a sufficient amount of power to
produce, after deducting rentals, taxes, operating expenses and all
other expenses, a net Income from and after July 1, 1905, estimated
at UDwards of $275,000 per annum, and after Jan 1, 1907, at upwards of $570,000 per annum.— V. 80, p. 119.
Penn- Wyoming Copper
Co.,
Grand Encampment, Wyo.—
Stock Offered.— The Equitable Securities Co., Chicago, Is
offering a limited amount of this company's $10,000,000 stock
at 50 cents per share; par, $1, An advertisement says:
The company's profits are 20 p. c. on the investment. The plant is
being Increased. Pays 12 p. o. dividends. The next dividend of 3
p. 0. on the investment will be paid July 1.— V. 80, p. 476.
Philadelphia Electric Co.— iVcto Director.— J, R. McAllisPresident of the Franklin National Bank of Philadelphia, has been elected a director in place of Charles M.
Swain, deceased.
fi«por«.-See page 1422.—V. 79, p. 2591.
1125.
United Fruit Co.— Listed.—The New York Stock Exchange
has
listed $1,508,000 additional capital stock, making total
listed $17,482,000.
See report In V. 79, p. 2463, and
V. 80, p. 1062, 1001.
amount
compare
—
—
Successor.
United States Leather Co.
See Central
Leather Co. above.— V. 80, p. 1125, 876,
United Telephone & Telegraph Co., Pennsylvania. £?arnings.-The results for the calendar year 1904 are reported:
Rentals, tolls, etc
Deduct—
$464,249
Operating expenses
154,580 Guaranteed dividend and
—
Maintenance
77,339
22,614
Taxes, insurance, etc
Net earnings
$209,716
Other income—
Dlv. on stocks owned
$27,485
Int. on depo8.<& bds. own,
1,932
Total net income
$239,084
78, p. 829; V. 79, p. 2762.
rental leased lines
$35,430
Interest on bonds
148,995
General taxes ana ex-
penses
29,215
Total otaarges
$213,640
Balance, Borplns
$25,444
-(V.
Western Union Telegraph Co.—Securities of Leased Proper—See Chicago & North Western Telegraph Co. and Gold
& Stock Telegraph Co. above.— V. 80, p. 1062, 655.
Westmoreland Coal Co.-New Stocfc.—The shareholders on
ties.
April 5 approved the proposition to Increase the capital
stock from $3,000,000 to $5,000,000. Stockholders of record
April 6, it is stated, have the privilege of subscribing at par
for two shares of new stock for every three shares of old
stock held. Compare V. 80, p. 1239, 717.
Whitaker-Glessner Co.—See Portsmouth Steel Co. above,
-V.
78, p. 1121.
Tonngstown Iron Sheet & Tube Co.— Bonds.-The
shareholders will vote in May on issuing $3,500,000 bonds for the
purposes stated in V, 80, p. 1239.
ter,
—
&
T. A. Mclntyre
Co. advertise in to-day's issue a selected list of investment securities, comprising a block of
York savings banks, a block
$500,000 of bonds legal for
of public-service bonds and a number of issues of high-grade
railroad bonds. Dascriptive circulars and detailed information can be had on application to the firm's bond department
in charge of H. C. Wright.
New
Philadelphia Steel & Iron Co.—Receiverahip.—Th\8 company's plant, at Trenton Avenue and Margaret Street,
Philadelphia, was on March 27 placed in the hands of Charles
F. Walters and Thomas Hardlr, as receivers, by the United
States Circuit Court at Philadelphia.— V. 75, p. 652.
—The banking house of William Salomon & Co. will be
represented in Chicago by Mr. Heman Clifford, for many
Pittsburgh Coal Co.— Important Contract. —The contract
years associated with the New York office, and Mr. Alanson
with the United States Steel Corporation is outlined in part
FoUansbee, who is well known in the bond business in
as follows in a special telegram from Pittsburgh to the "Iron
Chicago. Their offices will be on the fifth floor of the Home
Trade Review:"
Insurance Bailding, 206 L^ Salle Street.
,*®*1 recently pending betweeen the Pittsburgh Coal Co.
"^I^^J^^
and
the united States Steel Corporation has been closed, as oflaelally
announced by W. R Woodford, Vice-President of the Pittsburgh Coal
Co. The Steel Corporation agrees to open no mln es additional to those
it now operates, producing about 4,500 tons dally of steam and gas
ooalB. To cover all additional coal required by the corporation In
Pittsburgh, Valley and Cleveland districts, including lake vessels,
probably ranging from 6,000,000 to lO.OUO.OOO tons annually, the
present contract Is made. It is to run for 26 years. The price is a
very moderate advance above cost of mining, as determined annually
by wage scales.— V. 80, p. 1238, 1179.
Pratt Coal Co., Birmingham, Ala.— See Pratt Consolidated Coal Co., below.— V. 78, p. 1786.
Pratt Consolidated Coal
ooMon,—This company was
Co.,
—
Bloomfield J. Miller, Vice-President and Actuary of the
Mutual Benefit Life Insurance Company of Newark, N. J.,
died on Tuesday. Mr. Miller was fifty-six years of age, and
had been in the company's service for thirty-five years. He
became Actuary in 1871, and was elected Vloe-President in
1902.
&
—The banking and bond house of E. H, Qay
Co. has
established a Chicacro office at 1046 First National Bank
Bailding, with Mr. W. L. Folds as Manager.
— Mr, Claude Ashbrook
of Cincinnati directs attention in
advertising columns to the claims of the Toledo Railways
Light Co. stock as an attractive Investment,
Birmingham, Ala.— ConsoK- our
recently formed under the laws
&
.
1
THE CHRONICLE
428
[Vol. lxxx.
COTTON.
CO^M
MERCl AL EPITOME
Friday Night, April 14, 1905.
The condition of bnsiness in moat lines of trade has been
There has conticued a full movement of merchanactive.
dise Into the hands of the consnmirg trade, and as a general
lule mannfacturers and dealers have been booking new or
with coneiderable freedom. The reports from the iron
and steel trades have continned to chronicle exceptional acThe prcdnction of pig iron is at record-breaking
tivity.
figareB, bnt even ^^ith the large output the movement of supplies into coESumpticn has been on such an extensive scale as
to more than absorb the production, stocks during the past
flers
month having been reduced
slightly.
The Agricultural
Bureau monthly reoort showed a promising outlook for the
grain crops, although during the pabt few days oolder
weather In the interior has delayed prepare tic ns for the late
In the speculative markets declining prices haTS
crops,
been experienced for coffee and sugar, due to the liquidation
of the speculative interest in May contracts.
~Lard on the spot has had 'a moderate sale Ito exporters, but business with the home trade has been limited.
Prices have advanced. The close was steady at 7 '50c. for
prime Western and 6 85c. for prime (Jlty. Refined lard has
been in limited demand and firmer, closing at 7'55c. for refined for the Continent. Speculation in lard for future delivery has been moderately active and prices have advanced
on light receipts of hogs and packers' buyicg. The close was
slightly easier.
DATLT CLOBINO PRrCES OF LAKD FCTCBB8 IH CHICAGO.
Mon.
Tueg.
Wed.
Thur$. Fri.
Sat.
7-22i«
May delT
T22H 725 7-27i« 735 7-30
7-40
7-52ia 7-47J«
Jnlydel'y
7 40
7-42»fl 745
7-65
7-56
7-57»«
7'62ifl
7 55
Sept. del'y
Pork has been in moderate demand and firmer, closing at
$13 50@13 87K for mees, $13@15 for short clear and $14 50@
15 for family. Cut meats ha^e been in increased demand,
closing firm at 5i^@6c. for pickled shoulders, 8^@9c. for
pickled hams and 73^@7^o. for pickled bellies, 14@10 lbs.
average. Beef has been firmly held, closing at |9 60@10 for
mess, $10 50@12 for packet, $12@13 for family and $17@20
for extra India mees in tcs. Tallow has been dull but steady
at 4^^c. Stearines have been In more active demand and
higher, closing at 8c. for lard stearine and 8e. for oleo
stearlne. Cotton- seed oil has had a fairly large sale but at
lower prices. The close was steady at 25@25J^c. for prime
yellow. Butter has been In limited supply ana prioes have
advanced. The close was steady at 21@32c. for creamery.
Cheese has had a fair sale at steady prices, closing at 10^^@
143^e. for State factory, full oream. Fresh eggs have been in
active demand and firm, closing at 18J^c. for best Western.
Brazil grades of coffee have been dull. Jobbers and roasters have complained of a slow distributing business and they
in turn have been light buyers. Prices have yielded slightly.
The close was steady at 7 ll-16c. for Rio No, 7 and 8)^c. for
Santos No. 4. West India growths have had only a limited
sale, buyers withdrawing; prices have been slightly easier,
closing at 9)4@9i^c. for good Cucuta and 10j|@10%c. for
good average Bogota. Speculation in the market for coffee
contracts has been fairly active. Wall Street speculative Interests have been liquidating their holdings of May contracts
and prices have declined, The close was steadier.
The following were the closing asked prices:
April
..^. 6-360. Aug.
6-65e. Nov
6-90o.
May
6'75o. IDeo
7000.
.^.. 6-40e. Sept
Joly
6'55o. Oct
6*85o. IJan
705e.
Raw Eugars have been easier, following a decline in the
London beet sugsr market, which weakened under the liquidation of the speculative holdings for May delivery. The
close was steady at ^Jia, for centrifugals, 96deg. test, and
Refined sugar has been
43^0. for muscovado, by-deg. test.
dull, closing at 6 05c, for granulated.
Other staple groceries
have had only a limited sale.
Kentucky tobacco has continued to meet with a fair demand and with offerings limited prices have ruled firm.
Offerings of seed-leaf tobacco have been light, there being
only a small supply of the 1904 crop remaining in farmers'
hands to be marketed. Prices have continued firm. Sumatra
tobacco has been firm, with fair sales of old-crop tobacco at
full values.
Business in Havana tobacco has been quiet, bnt
prices have been well maintained.
Early in the week prices for Straits tin were advanced,
but at the close they broke sharply, reflecting weaker foreign
Ingot
advices and final quotations were 30*25@30'623^c,
copper has been quiet and prices were quoted at 16'2r@15'80c.
for Lake and 15'10@15'20c. for electrolytic.
Lead has been
in moderate demand and steady at 4 50@4'60c. Spelter has
been in improved demand and steady at 6c. Pig Iron has
continued In active demand, closing at $17 25@17 50 for No.
2 Northern, $17 25@17 50 for No. 2 Southern.
Refined petroleum for export has declined, but closed
steady at 7 05c. in bbl8.,9'75c. in cases and 4'15c. in bulk.
Naphtha has been steady at lli.^c. for 71 degrees and 12c. for
76 degrees.
Credit balances have been easier, closing at
l'83c.
Spirits turpentine has sold slowly and the close was
lower with 68@64c. quoted for machine bbls. Rosins have
been In small supply and higher for low grades, closing at
|3 15(g3 20 for common and good strained. Hops have bt en
flat.
Wool has held steady; demand has been moderately
Friday NiaHT, April
The Movement of the Ceop
from the South to-night Is given below. For the week ending
evening the total receipts have reached ! 63,544 bales,
against 183,920 bales last week and 198,762 bales the prevlona
this
week, making the total reoeipts since the 1st of Sept., 1904,
8,C52,T54 bales, against 6,771,160 bales for the same period of
i9<')8-4, shnwinaan increase since Seo.l, 1904, o'' 1,281,594 bales.
Beceipti
at—
Hon.
Sat.
Wea.
Tuet.
Qalveston.
Pt.Artliur,&o
7,440 11,407 12,789
New Orleans...
6,060
MobUe
688
Tkurt.
In.
Totai.
52,017
2,198
52,450
6,143
5,281
8,138
9,607 11,861 11,289
1.857
862
235
6,662
278
6,982
2,198
7,071
2,223
5,050
3,382
3,584
22,339
1.616
Pensaoola, Ae.
Savannah
2,515
4,634
3,174
Bmnew'k, &e
Oharleeton
Pt.Royal,&o.
Wilmington....
Waali'ton,Ao.
Norfolk
N'p't News, *o.
New York.
270
390
284
142
143
146
387
1,609
495
1,864
693
432
890
6,183
1,959
1,939
2,973
2,509
2,648
3,231
15.168
528
528
460
1,784
2,785
1,784
15
197
413
Boston
Baltimore
Phlladelp'a, Ac
Tot
94
431
"
627
355
499
50
38
146
week. 21,248 31,114 25,661 23.950 22,082 29.499 163.644
this
The following shows the week's total receipts, the total aince
and the stocks to-night, compared with last year.
Sept. 1, 1904,
1904-05.
Beceipti to
April 14
ThU
week.
1903-04.
Since Sep.
1, 1904.
Qalveston...
Pt.Ai.,&o.
Thi$
week.
Stock.
Since Sep.
1, 1903.
1905.
82,017 2,319,023
2,198
199,696
New Orleans 52,450 2,261,414
MobUe
6,143 269,054
P'saeola, dec.
163,625
Savannah... 22,339 1,443,782
Br'wlck, Ac.
146 166,610
Oharleston..
1.616 195,368
P. Boyal, Ao.
897
Wilmington.
6,183 308,724
Wash'n, &o.
122
Norfolk
15,158 570,855
11,046
N'portN.,&c
528
22,979
New York...
66.616
Boston
2,785
43,844
Baltimore.
1,784
11.100
197
Phlladel,Ao.
6,625 2,276,785
89
99,502
11,819 1,851,896
459 191,173
126,500
3,654 1,090,238
120,760
2,033 152,920
1
1,078
1
320,902
12,. 0.)
73,754
3,107
5,553
2,539
168,544 8,052,754
29,418 6,771,160
689,219
208
197
Totals
19,663
214,891
33,862
265.193
5,664
51,942
4,015
14,739
49,971
7,323
4,963
13,451
6,314
37,397
8,078
303
81
108,648
25.000
1,259
18,074
10,805
23,262
25,479
1,104
498
83
1904.
234,666
336
449,760
3,647
.
1,551
503,697
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Beetiptt
at—
Qalves'n, &e.
New
Orleans
MobUe
Savannah...
I
active.
1905.
14,
as indicated by our telegrams
Ohas'ton, die.
Wllm'ton, <to
Norfolk
1905.
1904.
54,216
52,460
6,143
22,339
1,616
6,183
15,1J8
1902.
1903.
5,714
11,819
14,536
26,838
459
1,728
5,847
3.654
2,034
1
892
418
3,647
5,387
1901.
1900.
21,604
21,016
100
7,975
24,601
21,144
586
514
665
2.781
13,264
1,819
9,471
1,775
1,754
3,590
664
9,848
200
6,716
3,372
News, Ac.
528
208
163
223
Ail others...
4,912
1,882
5,330
7,987
13,231
11,293
wk. 163,644
29,418
59,639
64,836
77,282
44,022
N,
Tot. this
197
Since Sept 1 8052.764 6771,160 7148,849 7014,713 6687,763 6152,908
The exports for the week ending this evening reach a total
of 114,420 bales, of which 49,680 were to Qreat Britain, 11,083
to France and 53,658 to the rest of the Continent, Below
are the exports for the week and since Sept, 1. 1904,
With MnAing Apr. 14,
Mxvorttd to—
from—
1900.
i
CO
Pt-Arthor. &o.
New Orleani. 30,C56
to
10.000
SaTannah
18,632
58,687
16,140
16,140
0,116
6,145
600
3,966
Boston
Saltlmore
PbUadelDbla.
an Fran., Ao.
9.820
1,082
3,387
],U1S
'4
10.-i3-'>4.
10,680
ll,08!i
14.190
7oa
6,6e3
Continent.
aO,30fc
77 096
3.662
169,016
is,6ie
7,901
287.310
21,617
i3,«»a
12.6S0
100
1.212
21,2i!t
174.9;*'
9,020
1<:6.081
813li9
34.(08
e,say
0,32i«
155 3e3
769,131 1,016,769
6,916
135.099
249 458
4,071
Total.
96,396
162,663
713,712 1,918,171
63.488
185.248
600
2.0llb
1906
546,ie(- 1.761,384
11,610
741
136
14.
74,617
3,379
124,642
New York
Total
656,691 812,7n
49,C01 33.76t<
75,4^9 19,026
287.135 19,110
128,153
....
CharleitOD....
Port Royal....
Wllmlnnton...
Norfolk
N'port N., ho..
b91,621|a21,602
56,285|
Mobile
Peniaoola. &o.
Tot 111.
1, 1904, to Apr.
Exported to—
Oreat
Oreat
Oonti- lotal
France
Brtt'n.r^*"** nmt. Witk. Britain.
QalTeston
Braniwlok
from Sept.
1,121
13.158
146.C61
139.639
iSlib
118,951
3.»21
38.829
192,0i0
192,040
b3,e53 111,429 3,029.062 679,a7J 2,927,611 ii,6ia,817
iG,foa
sn.flio 8.17B »tt2'8e,5.';8P 2,B03.«.S1 5.312,382
il
.
.
Apr.
THE CHRONICLE.
15, 1905.]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
1429
>
>^
W5
WW
on
•
WW
"•^
{8.
Orleane.
aalveatoD.. ..
Sayannali.. ..
Obarleston...
Other Ooattmany. For'gn wise.
Oer-
15,093 2.527 13.108 11,438
77,500 16,991 S0.15S 8,053
7,500
WobUe
ilbso
I'.TOO
500
Norfolk
York,...
Other ports .
i'o'o'o
"ioo
i's'o'o
New
»)
K:
:
g 7^©
o a
El
H
Ba
1
ttoek.
total.
1,402 43,568
2.171 124,870
900
8,400
z'i'o'o
5,e'5"6
23,431
23,431
8,400
9,800
2',60'6
2,800
7,000
Totall905.. 104,643 21,618 46,563 21,991 30,304 224,119
Total 1904.. 44.844
Totall903.. 21,451
3,370 15,606 8,174
6.198 12,077 20,576
6.560
8,720
78,553
69,022
171,323
109,796
43,942
14,739
27.212
13,966
65,354
19,168
465.100
. .
Low
Middling
Low Middling
Strlot Good Ordinary
(Jood Ordinary
014
038
off
off
off
off
Low Middling Tinged
0-50
ofl
ofl
ofl
ofl
Strlot Good Ord. Tinged .. 084
0-72
Middling Stained
050
1-00
Strict Low Mid. Stained... 1 06
Strlot Good 'fttl'd.' Tinged.. 0-30 on Low Middling Stained
150 ofl
On this basis the official prices for a few of the grades for
the past week— April 8 to A^ril 14— would be as follows.
UPLANDS.
S&t.
inon Taea fVed Tk.
705
Low
Middling..
Middling
Good Middling.
Middling Fair..
7-67
7-67
805
805
a-49
8-49
9-01
S'49
a'49
8 49
901
901
901
Wed
Tib.
Frl.
7-30
7 94
8-30
8-74
7-30
792
7-10
7-72
8-30
8-10
8-74
0-54
9 06
Tift.
Fri.
6-56
7-65
7-7i
8 05
635
Sat.
730
7-30
7 30
Low Middling..
7 92
8-3C
792
7-92
8'30
8-30
8-74
9-26
a-74
9-26
a-74
9-26
Good Mddling.
Middling Fair..
STAINED.
Smt.
Low Biiddllng
6-55
7-85
7-71
8-05
Bilddling
Strlot Low Middling Tinged..
Good Middling Tinged
7 05
7 05
7-67
767
8 0S
806
inon Tuea
Good Ordinary.
Middling
926
mon Tne« Wed
6-55
7-55
7-71
8-05
6-55
6'55
7'35
7-71
8 05
7-.'S5
771
305
7-0(5
7-51
7-85
The quotations for middling upland at New York on
April 14 for each of the past 33 years have been as follows.
1905. ,..0. 7-85
1425
10-&0
1897. ...0. 77,e
1896
1895
1894
7''8
1889....C.10II8
1888
1887
1886
1885
1884
1883
1882
9%
1881....o.l0''8
1880...... li's
11«>9
1879
10«>8
914
1878
93ia
11»8
fc5,8
1893...... SH
1015,8 1877
7i«
9i3i8 1892
Ili5]e 1876
13H
6i8
IOI4
1891
16^
8l5ig
1875
llOs
17
1890
I214
1874
63,e
Note.—On Oct. 1,1874, grades of cotton as quoted were changed.
According to the new clasallioatlon Middling was on that day qnoted
69i8
79ie
1C58
lower than Mlddlinj? of the old olassifloatlon.
MARKET AND
SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot Market
Closed.
Saturday
Dull
Monday.... Dull
Tnesday . Dull,
.
.
Wednesday Dull
Thursday.. Dull
;;
FUXITRES
Market
Closbo.
Sales o» Spot
& Oontkaot.
Ex-
Oon-
Con-
port.
tump.
tract.
Total.
Steady
Quiet
"25
25
Quiet
steady
Quiet
"4'l
41
Quiet. 20 pts. do. Steady
I
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OOOO
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too
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0«J
00 o
too
<i«j
00
00 00 OO 00 00
oioi
a>o>
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05 d)
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^
oo
<id>
o
ouob
WM OM <1
00 00
00
no 00
©O 00 00
00 00
00 00 00 00 o
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00 O-J
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OQ A 00 05 05 CC
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00
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IS
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C3C;>
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00 00 00 00 O
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'
C0<O
s
s
i
i2
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:
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The Visible Supply of Cotton to-night,
I
I
I
I
M
00 O
coco
I
00
I
I
'
I
».03
s
S
5|
s
s
00 00 o
^o< C4i» CO'
MO 00 o>
S
-Jio
€
00 o
COf>.
I
-I
M*
I
diCTi
C^<P>
00 00 00 00
OI05
M«i MM
MO O505 C7C3
I
MB
®
o
(a
s
I
CO
o^ 00 00 00 00
cicJi
o
I
Id
00 00 00 00
o-os
00
ft 05
0<05
"-a O-' (CO oto
I
S
«
o
«0
00 o
I
ft
.
3.3
009
(ft
o
01
o
I
c;>05
^
00 00 00 00
^O
ao5 oc^ tno<
et3 l»CO QDIS c;<o
00
00 00 00 00 00 00
0105
CJ<^
00 00
CJIW
03
05
^^
©•- o>
COO
0<S 00
c
S
s
S
IS
S
S
00
00 00 00 00 00 00
OQO 00 C50 05O o>cs W05
9
COM COO
CO
o
09O t-OO OCH 05
00 00 00 00
00 00
00 o
l»V>
Cna dacB
00
cx
CO
Mka «05 03
COM coo
COM to
nncb
OCO
!
n-,
€)
00 00
I
00
to
CD
'
s
OCO
i^O<
m'
o
i2
II
CO
I
s
i2
s
I
00
as made np by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
Apr. 14), we add the item of exports from the United States,
noluding in it the exports of Friday only.
1905.
1904.
1903.
1902.
stock at LlTUP001....„bftlee. 785,000 655.000 727,000 1,111,000
7,000
Stoclc at Londoa
^^ 12,000 11,000
6.000
61,000
stock at MuxohettM. ..^ ......
49.000
62,000
Total Great Britain stock. 846,000 628,000 795,000 1,117,000
12,000
10.000
13.000
14,000
Stock at Hamburg. ...^..^ ..a.
Stock at Bramea ..^ ^^ .„..„ 335,000 337,000 334,000 214,000
lOOO
4,000
Stock at Antwerp .....^ ......
4,000
5,000
214,000 812,000
Stock at HaTre~~ .h^ ^^ .... 137,000 201.000
3,000
Stock at Uarseiliea.... ........
3,000
3,000
2,000
4 0,000
SO.ooo
Stock at Barcelona
51,000
29,000
Stock at Oenoa.......^.....^..
27,000
35,000
43,000
46,000
,
6-85
7-47
7-85
8-29
8-81
901
GULF.
Sfvi.
705
767
805
705
8ood Ordinary.
I
425,044
294,148
Speculation in cotton for future delivery has been quiet
and there has been a gradual sagging of prices. The movement of the crop has continued full. There is no pressure of
cotton on the market as a result of the full-crop movement,
it passing directly into the hands of the consumers; nevertheless the large receipts have a tendency to discourage a speculative investment account. Some reports have been heard
during the week that in some instances Southern holders of
cotton have shown more of a desire to sell, and these statements have had their icfluence against the market. The
private advices received from the South have continued to
report crop preparations backward, owing to weather conditions. To day there was a more active market but at declining
Discouraged speculative holders were reported
prices.
liquidating, and it was also stated that leading bear interests
were more ag&iressive sellers. The close was steady at a net
loss in prices for the day of 11@14 points. Cotton on the spot
has been quiet and at the close prices were lowered 20 points
to 7 85c. for middling uplands.
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
0. 1*30 on
Good Middling Tinged c. Even
0-96 on Strict Middling Tinged.,.. 006 off
Middling Fair
0*62 on Middling Tinged
012 ofl
Strlot Good Middling
0*44 on Strlot Low Mid. Tinged ... 034 ofl
ung
Good Middling
Total
So
P A
Leaving
Great
Britain Fr'nee
Naw
Frday
:
**•
;
I
*so.
I
—
Wag ^
WO")
;
York,
S
-12 £
ON 8HIPBOAKD, NOT CLBABED FOB—
Apr. 14 o<-
1904
1903
1902
1901
1900
1899
1898
New
TTTUBES.— Highest, lowest and closing prices at
We
Strlot
,I
.
:
'
,...
....
66
600
&'od
500
566
Stock at Trieste. .«»«i .........
7.000
5.000
5,000
5,000
649,000 546,000
Total Oonttnental stocks., 566.000 620.000
Total European stocks,... 1,412000 i,v:48,uoo 1,444,000 1,663,000
211,000 121,000
India cotton anoat lor Bnrope ICO.OOO 210,000
Amer.oottonftOoatforS'rope. 417,000 168,000 359,000 183,000
56,000
40,000
63.000
Egypt, Brazil.&e.,aflt.f or E'pe
34,000
Stookin Alexandria, Egypt.,. 199.000 209,000 107,000 176.000
Stock in Bombay, India,..— 742,000 395,000 710,000 698,000
Stock In United States port!.. 689,219 503,597 263,170 661,523
Stock In a. S. interior towne.. 553,369 239,274 210,812 331,876
7.875
1,149
25.11 8
United States exporteto-a»y..
27.213
Total ylBlble supply
4,173,801 3,020.746 3.462,131 3,824,517
Of the above, totals of AmeMoan and other descriptions are as louowt:
Amtrttan—
UTorpool ttoek
bales. 707.000
41,000
Manohester stock... ...^.
..
452,000
52,000
563,000
168,000
503,597
239,274
686,000 1,000,000
51,000
608,000 507,000
359,000 182,000
363,170 661,523
210,812 331,876
Oontinental stocks. ..,». ...... 530,000
Imerlean afloat for Xnrope... 417.000
(Jnlted States stock...... ...... 689.S19
CjnltedStatesinterlor stocks. 558,369
7.875
1.149
25,ii 8
27,213
(inlted Statesexporti to-flay .
Total American........... 2,964.801 1,985,746 2.229.131 2.707,517
Mait Indian, Brauil, d*.—
91,000
75,000 103,000
111,000
<.iTt»rftiTl M""''
--gjji
11,000
1
2,000
7,000
12,000
6,000
London Stock
....«,....
8,000
10,000
10,000
Manetaester stock
SO.OOO
57,000
41,000
39,000
Oontinental BtocKs.... ........
211,000 121,000
India afloat for Europe . ....« 100,000 210.000
34.000
40,000
66,000
66.000
gypt . BtasU, Ac, afloat.....
199,000 2C9 000 107,000 176,000
Stock In Alexandria, Egypt..
Stoek In Bombay, India....... 742,000 395,000 710,000 598,000
Total Sast India, *«..._ 1,209,000 1.0^5.000 1.233,000 1,117,000
2,984.801 1,985,746 2,229.131 2,707,517
Total Amerlean........
4,173.801 3.0io.V46 3,462,131 3,824,517
Total TlSlble supply
814d.
5-42d.
4-24d.
t'^sad,
Klddllng Upland, Liverpool..
—
iClddllng Upland,
Rev
torlr..
7-86e.
gjrpt eood Bro'wn,Iilverpooi
76ud.
Pern?. Bough Oood,Llvexpool
Broaeh Fine, Liverpool. ......
flnnevelly Good, Liverpool...
10-OOd.
4B,«d.
438d.
14-400.
97i6d,
10-50d.
7 4td.
10-400.
9'4d,
8"40d.
6d.
5d.
97ie0.
Oeiftd.
7d.
4nied.
l^i.
4\d.
Continental imports paat week have been 122,000 bales.
The above figures for 1905 show a decreate from last week
of 49,076 bales, a gain of 1,153,055 bales over 1904, an excess of
711,670 bales over 1903 and a gain of 349,284 bales over 1903.
THE CHRONICLE.
1430
At the Intbriob Towns
receipts for
the week and
week and the stocks
movement—that
the
since Sept.
1,
is the
the shipments for the
and the same items
to-night,
—
corresponding period of 1903-04
is
for
the
set out in detail below.
0LO8INO QUOTATIONS FOB MIDDLING COTTON
Week ending
Galveston...
New Orleans
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
Boston
"a-*
2.®
p.."
»
^•!
.&!
Houston
Qotats
vt-'t^y*
(-•O
M
00
M
«?>
to
Ol(^tOCOM>-i|-'Wf-»0>-'tOOS50<lMlfflOJWOO
03 <l <J C»;<l
OjM <> <1
CO
t-
Uttle Rock..
Mh-
7ifl
7111
71a
7^8
7^9
8 05
8-00
8
30
7%
7\
708
7»8
708
714
708
7O8
7O8
7I4
7^
7»16
74
74
7J«
71a
805
8-30
8-00
8-30
7%
7%
7O8
78,
708
714
7616
7ifl
7''8
805
800
708
713
708
708
7»i«
714
7^
7'8
805
800
788
8-30
708
708
810
7%
805
8
00
7»16
7»1I
708
71a
714
708
7».6
714
7ia
71*
Louisville
7'^8
Natchez
7Big
Montgomery..
Raleigh
7^
7
Nashville
7»u
Shreveport....
7ia
7ia
New Orleans Option Market.—The highest, lowest and
closing quotations for leading options in tne New Orleans
cotton market the past week have been as follows.
to
<]if>.QD«Oi^<iOi-'wo5r3«0*>-too;toOboOtow^Oi-'t-'Wwcoooit^toiy>w
ooosoo>-if-wo«o<iwwoowM«3(»w*otsoDi-'»»tooD^-jr-i-iwooo
^
OSM CO to
MtOWl-'H' CO l-'M
iPk
M »SM
(0
MCC
5DJ^ «0M 00^ C5<1MH'J^ 05 M ^jl^.'",tO W W05 W«0 a<0>J^
oiVs
woooo'tc'i^
-jV
<i
mVo
w'cn wcoVi oo oo'i^lov)
Vio CO M a o a oln o
|t>.
708
71a
Columbus, Ga. .
Columbus, MisB
ceh'i^i(^09(»oi-'u<wa5aoaM>4aoooo5Qoooo<towato^>4a3i^toa5WO
0>
708
7»ia
Atlanta
Ol<IOSi(i.®0OMaoODf-'CCtO
O W 0O_b5 COM W W 05 N) 05 W p 5B_<I a W 050 05 00 W^*-" A
N)
7<>8
708
7i«
708
7i«
71a
71a
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
O:Ol^<lMH-t0a'00«O05lfkK-H'l-'to»00<l-'W0>-JC^aDlfkOI-'l-'®iaiOO05
l(^
7h
8-0O
8-30
St. Louis....
IM— O' >->lt»W»-'005MtOOO^<10!A.(-'<I(f^O(-'hOCnW©OWMWt3<0
coatw ^330wu<xi-'i-'N>oDo:H'OKKOtowa)Vii^oiif>'W«>iai«caowaD
708
7^
805
Memphis
to
7'll6
7-^8
Baltimore...
10
711l8
71s
78ie
7i«
PhUadelph'a
Augusta.
p'
ON—
Monday. Tuesday. Wed'day. Thursd'y Friday.
Sat'dav.
i-j
S° 3>
o
o
lxxx
Quotations for Middunq Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
April 14.
» o» 5" II O P"® O B ® S
B a*
" S
» H S
sr^p-iN S<^
Wo aggp3EB§p«S
a
2.^*0
B-B
2.
V B (^ 9 M*rl
p-p p b<";*2bSp
- g«< • a>
g Ie^bp-EopS so ^ 3.o^« =
a o RP o ^
IB
[Vol.
Sat'day,
Monday, Tuesday, Wed'day, Thursd'y Friday,
Apr.
Apr. 10.
8.
Apr. 11.
Apr. 12
Apr. 13
Apr. 14.
MatRange..
— OOOlt^^OaD«ll-'050!"'W»-<I-Xib:.0005tSb;ODCOeO-gODOO<ItO<ll-'K>
Closing..
ipL|(k«]«oCb^'GO'«4c>:ooo5C005Vii-'3;owoaDa5ooiF^^e;ii«^i^ciip'H>to
7-42--46
7-45--46
7-48--49
7-44--45
7-40 --46
743--44
7'38--45
7-39--40
7-35 -38
7-37 -38
7-24--36
7-26--26
7-42--46
7-45--46
7-43--49
7 -44- -45
7-40--46
7-43--44
7-39- '46
7-39- •40
7-35--40
7-39--40
7-26-S7
7-47
7-47--49
7-46--48
7-41--44
7-42--44
7-41--43
July—
Range..
to
;
a.
•
Vi'
:
•
Qo:
ot'
Pi"*'
'- ©
;
tfklo
;
m!
Closing..
M
atoto
*•
MCXM
t9»oi(^oi^i->05 0DcoaoQoo>eo^c»eocoococ;<05
>j>
Range..
cco505touiNiioii^coi->»i<]0500)->o<ioao<ia5t-'c;ioocoto
<!>-'*'
CD
t—
•-•
^ M ti -4 <) O 00 « W to 05O 06 W^^
!!»
rf^
#«.
05 00
Closing.
7-48--50
7-28-'33
7-30--32
Octob'bRange .. 7-55-68 7-66--60 7 51--59 7-51--57 7-47--52 7S7--47
>—M
to
7-a7--28
August—
M
OD
<]it^coa5c;i
» 05^ 06 ® to 03 to 00 OD W 00
Closmg..
Range
..
Closing..
7-66--57
7-58-*59
Dec's EB—
Vio'o'M'hatn^lis^oohs'boalsMVaV'oiMloaT^.Vito'^H'T-'wMO'W
0<tOOOi(^p^tntoWaitntOK!05~JO'vJMOOC^®>-'^-tOMeo<lii»«>tOCO-'l-'
towto«<ui'«4ats<svio<coa5ano^'iF'0*)eooto;o05o:h-';oa5000V-j
- 760
7-647*64--65
7-62-'63
7-55--56
7-50--52
7-49 --50
7-38--89
7 68-'62 7-56- 60 7-52--56 7-45- 53
7-61--62 7-55-57 7-64--66 7-42- '44
TONBSpot
OOtOOO
Wlfke01-''c005O<05H'
H
tOOB
t005'b5tO
M<l'
CO
i->a>u<co-^u<Mootoa>05it^
05 00 CO
dO), oc;i: to CO «i CO 00 M CO 30 a
Ota- coo* toooooomoootosi-'H'H'OcoHit^o^tooacxp'i^'Cntoo
Options.
oc
Steady.
Steady.
Steady.
Quiet.
Steady.
Quiet.
Steady.
Steady.
Easy.
Quiet.
Steady.
B'rly sf y
Weather Reports by Telegraph.— Telegraphic
•c
to
c
tOOOOSODOSpOOOh-OO J^ f^^^S" »iic-'toif^
Ml-*
M
C3
eS
<I CO CO #k V 00 to to It-CO Viawl^ 05 W t9 CO QD OoVm «• O CJIW 05 CnVl 05
O
M
oc7ii-'cooeoao5C)io->4>-*toiouitotocoo505CiicoaD->q«4covico05Qoocoto
reports
from the South this evening are in tbe main of a favorable character. The weather has been satisfactory over the
f»
greater part of the belt, and farm work has made good
Otoif>'0»oc;i>aa;oootsc^i^o<«itouico(0>icotooao<:;'OoMCotovi<co
progress. A fe^ correspondents state taat cotton planting is
The above totals show that the interior stocks have de- nearing completion, but in Arkansas, Louisiana and Missiscreased during the week 19,187 bales, and are to-night 814,095 sippi wet weather has interfered with work. Prom Texas we
bales more than same period last year. The receipts at all the are advised that planting is nearly completed in South Texas
towns have been 112,049 bales more than same week last year. and some cotton is up to a stand, but in northern sections of
State seeding is backward.
OvEEiAND Movement foe the Week and Since Sept. 1.— theOalveaton,
Texas. Planting is ne»rly finished in South
We give below a statement showing the overland movement Texas and some
cotton is up to a stand, Seeding ia behindfor the week and since Sept. 1, as made up from telegraphic
in North Texas, dry weather being naeded to complete
hand
The results for the week ending
reports Friday night.
preparation and planting. Land is in good condition, howApr. 14 and since Sept. 1 in the last two years are as follows.
ever, and with favorable weather the plant will grow rapilly.
We have haa rain on three days of the week, the rainfall
1904-05.
1903-04.
being fifty hundredths of an inch. Average thermometer 68,
April 14.
to
to us
ifk
—
Week.
efKipped—
VlaSt. LoulB
Via Cairo
Via Book iBland
Via LoolsTlUe
Via Oinolnnati
Via other routes, &o.
21.296
7,702
2,085
2,106
1,703
9,421
Total ^OBS overland
Deduct shipments
Overland to N. Y., Boston, &o.,
Since
Sept. 1.
486,270
280,391
45,085
76.819
46,703
256,355
44,313 1,191,623
—
4,766
Between
interior towns
Inland, &c., from Boatb
298
697
Total to be deducted
Week.
3,310
737
50
1,426
33
1,079
Since
Sept. 1.
481,466
241,445
13,513
113,206
30,677
187,508
6,635 1,067,815
144,539
18,916
41.866
1,882
23
1,920
72,246
29,650
80,122
205,321
3,825
182,018
Leaving total net overland*
986,302
2,810 885,797
movement bv rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 88,552 bales, against 2,810 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 100,505 bales.
Including
*
1903-04.
1904-05.
In Sight and Spinners'
Takings,
Week.
Receipts at porta to Apr. 14..
Net overland to Apr. 14
Bontbern consumption Apr, 14..
Total marketed
Since
Sept, 1.
163,5448,052.754
38,552 986,302
44,000 1,360,000
Week.
Sinu
Sept. 1.
29.418 6,771,160
2.810 886,797
42,000 1.335,000
246,096 10399056 74,228 8,991,957
* 19,187
491,709 '30,593 227,672
Interior stocks lu excess.
Came Into sight during week. 226,909
Total In Bight Apr. 14
10890760
North, spinners' tak'gs to Apr. 14
46,818 1,794,270
Decrease during week.
Movement into sight in previous years.
Week—
1902— Apr. 18
1901- Apr. 19
1900-Apr. 20
Bales.
,
,.
110,820
77,160
94,888
68,295
9,219,629
10,658 1,978,843
Since Sept.
1—
1902-03- Apr. 17
1801-02— Apr. 18
1900-01—Apr. 19
1899-00— Apr. 20.......
Corpus Ghristi, Texas,— The week's rainfall has been four
hundredths of an inch, on one day, The thermometer has
averaged 66, the highest being 76 and the lowest 66.
San Antorno, Texas.— The week's rainfall has been fiftyone hundredths of an inch, on two days. The thetmometer
has averaged 68, ranging from 62 to 81.
Ta^/ior, Tcscas.—Ttiere has been rain on two days during
the week, the rainfall being thirty-four hundredths of an
inch. The thermometer has ranged from 60 to 8i, averaging 67.
—
Palestine, Texas, We have had rain on three days the past
week, the rainfall reaching thirty-eight hundredths of an
Inch. Average thermometer 67, highest 88, lowest S2.
Abilene, Texas, We have had rain on three days of the
week, the precipitation reaching forty-two hundredths of an
inch. The thermometer has averaged 64, the highest being
88 and the lowest 40.
New Orleans, Louisiana. We have had rain on two days
of the week, the precipitation being one inch. Average
—
—
thermometer
70.
We
Shreveport, Louisiana.have had rain on four days of
the week, the precipitation reaching four inches and fortyseven hundredths. The thermometer has averaged 69, the
highest being 81 and the lowest 68.
Lctand, JIftasisslppf.— No work to amount to anything in
have had rain during the week, the
the fields this week.
The
rainfall reaching two inches and five hundredths.
thermometer has ranged from 41 to 81, averaging 58"3.
VickHburg, Mtaaissippi.—B&d weather has prevented much
preparation for the crop.
have had rain on two days of
the past week, the rainfall reaching one inch and ten hundredths. Average thermometer 66, highest 80, lowest 60.
Little Bock, Arkansas,— Too much rain for farm work. Bain
has fallen on three days of the week, the rainfall being one
inch and thirty-two hundredths. The thermometer has averaged 67, the highest being 84 and the lowest 62.
Helena, Arkansas,— RaiuB hinder work very little cotton
has been planted and not much corn, The week's rainfall
has been two Inches and seventy-six hundredths, on three
We
We
63,636
*
1903 Apr. 17
highest 76, lowest 60.
Bales.
9,675,588
9,459,462
9,191,274
8,883,454
;
-.
Ape.
THE CHRONICLE.
15, 1905.1
days. The thermometer has averaged 66*7, ranging from
51 to 82.
have had rain on one day the
Nashville, Tennessee.—
past week, the rainfall reaching eis;ht handredtbs of an
inch. Average thermometer 63, highest 82, lowest 40.
Memphis, Tennessee.— Cotton planting has commenced, bat
the season is backward. Rain has fallen daring the week,
to the extent of one inch and forty-nine handredths, on three
days. The thermometer has ranged from 45 to 80'7, aver-
We
aging
—
Alexandria Receipts and Shipments of Cotton.
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexandria, Bgypt,
April 12.
1904-05.
1903-04.
1902-03.
30,000
6,336,798
20,000
5,725,758
fl3'7.
Mobile, .<4ki&a77ux.— Beneficial rains in the interior. Cotton
planting is making rapid progress and good stands have been
secured in some sections. The general opinion is that there
The week's rainfall has been one
is little change in acreage.
inch and seventy eight hundredths, on two days. The thermometer has averaged 67, the highest being 79 and the
lowest 53.
Montgomery, Alabama, Planting is nearly finished and
cotton is coming ap well. We have had rain on two days
daring the week, the rainfall being eighty-nine hundredths
of an inch. The thermometer has averaged 67, ranging from
89 to 84.
8elma, Alabama.— Fl&nting is making good progress, and
it is likely the acreage will eqnal last year.
have have
had no rain daring the week. The thermometer has ranged
from 50 to 75, averaging 65.
Savannah, Georgia.—
have had rain on two days daring the week, the rainfall being twelve handredtbs of an
—
We
We
The thermometer has averaged
inch.
to 81.
67,
Receipts (oantars*)—
47 to 70.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M. April 14, 1905, and Apiil 15, 1904.
April 14, '05. April 15,
Above zero of gaage.
Above zero of gange.
Above zero of gange.
Above zero of gauge.
Above zero of gange.
MemptiJs...
Nasbvllle
Shreveport
Vlckaborg
Feet.
Feet.
142
15-3
37-9
17-2
18-5
18-7
36-7
'04.
7-4
11-7
44-7
Movement from all Ports. —The receipts
Bombay and the shipments from all India ports
of cotton at
for the week ending April 13 and for the season
to April 13 for three years have been as follows.
Reeeipts
at—
Week.
Bombay
1903-04.
Since
Week.
Sept. 1.
74,000 1,804,000
For
Sept.
1
1902-03.
Since
Week.
Sept. 1.
69,000 1,521,000
the Week.
from
Since
Sept. 1.
70,000 1,791,000
Since September
1.
MzportM
Great
BrUain.
Total.
5,000
65,000
21,000
5,000
65,000
26,000
14.000
70,000
58,000
213,000
628,000
523,000
227,000
698,000
581,000
5,000
3,000
5",6o6
l.OCO
3,000
8.000
17,000
21.000
23,000
18,000
24,000
26,000
Great
Oontinent.
5,000
Oalontta1904-05..
1903-04..
190203..
Madras—
3,000
To
To
To
To
Liverpool...
Manchester
190405..
I'.OOO
i'cbo
2,000
8,000
4,000
12,000
26,000
9,000
14,000
34,000
13,000
7,000
10,000
9,000
7,000
10,000
9,000
7,000
6,000
13,000
86,000
94,000
70,000
93,000
99,000
83,000
All others—
1904-05..
1903-04..
1902-08..
Total all—
1904-05..
1903-04..
1,600 194,(>66
P,500 118,059
9,780 275,463
1,000 44,774
2,149 187.684
4,534 134,962
3,631 259,677
Continent..
America
Total exports
*
325
5,bo6
12.000
81,000
33,000
12,000
81,000
33,000
24.000
86,000
78.000
328,000
769,000
625.000
74.960
22,250 598,092 18,780 633,162 10,639 657,283
A oantar is 98 lbs.
—
Manchester Market. Our report received by cable
to-night from Manchester states that the market is firm fr r
both yarns and shirtings.
Manufacturers are generally
well under contract.
give the prices for to-d&y TdoIow
and leave those for previous weeks of this and last year for
We
comparison.
1905.
S2a Oop.
Tunst.
d.
d.
MhlO
738
" 17 7»fl
" 24 7i«
" 31 71*
Apr.
s.
6,
4
®838 4 1
©SSs 4 1
®838 4 1
®838 4 1
»85,« 4 1
8.
8^ lbs.
d.
Twist.
d.
d.
d.
s.
d.
lO's^* 1138 6
1088* 111« 6
s.
d.
®9
ag
7«f
1ti9
e
-89
7ifl®9
6 -©9
8
9
6 9
6 8
6 6
4-28 lO's® 1138 6 8
Mid.
Uplds
to finest.
06 10 419 llie®llia
®6 1Hfl 4-31 10'^8'*11»4
96 III9 4-28 10»s«llJ«
®6Hi3
«6 1l»« 427
Shirt- Oott'n
32« Oop. ings, comm4in
Uplds
to finest.
•»8»4
7 7I3
1904.
8I4 lbs. Shirt- Oott'n
ings, common Mid.
d.
9
8-78
8 24
7-73
8-28
8-28
®6 11iii 4 24
7ifl 814
Holding of Cotton on Plantations.— In "The Financial
Situation," page 1891, will be found some remarks on the
..
14
77,4,
above point.
Shippimq
News.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 114,420 bales, The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total
Liverpool, per flteamer Victorian, 3,348 upland. 186 Sea Island and 274 foreign
To Hull, per steamer Colorado, 150
To Oiaegow, per steamer Caledonia, 7
To Havre, per steamers L'Aqaitaine. 100 upland. 206 Sea
Island and 226 foreign
Montreal. 550
To Bremen, per steamer Knrfurst, 2,180
To Hamburg, per steamers Blnoher, 15
Waldersee, 99..
To Antwerp, per steamer Zeel and. 850
To Uenoa. per steamers Konig Albert, 1,657. ...Prinz Adai-
Nbw Yobk—To
heit.
812
bales.
8,803
150
7
1,082
8,180
114
850
2.469
- Steamer Bertholey, 200
To Rotterdam— April 12— Steamer British Trader. 1,921...
To Copenhagen— April 10— Steamer Norafarer, 910
To Barcelona-April 11 Steanoer Puerto Bloo, 2.193
To Genoa April ll-8teamer Prlnotpessa Laetlila, 7,973.
To Mexico— April 10— Steamer Nor. 35'.J
•^ALVESTOK— To Mexlco -April lO-8teamer Dugfla, 50....
8AV*NNAH—To Bremen-April 13 Steamer Newburn. 7,045-.
To St. Petersburg— April 13 -Steanoer Newburn, 300.
To Barcelona -April 11— Steamer Hermlne, 7,905
To Genoa-April il -Steamer Hermlna, 240
To Trieste— April ll-Steamer Hermlne. 650
OHAKLE8TON— To Bremen—April 8 Steamer Boxgrove, 5,146.
Nbwpobt News— To Liverpool— Apr 8 Str. Hbeuandoah. 500
SosTON To Liverpool April 8 Steamer Sachem. 1.355
April 10— Steamer Ivernla, 6,73d... .April 11— Steamer
Steamer Stuttgart, 300
PHir-ADBWHiA -To LI vcrpool- April 7— Str. Haverford. 1,200.
To Manchester— April 11— Steamer Manchester Corporation, 300 upland and 418 Sea Island
To Rotterdam-April ll-Steamer Eaxlnia, 165
Sab KBi^NoiBoo— To Guatemala— April 1— Steamer Peru, 100.
To Japan -April 13 Steamer Doric, 717
3BATTI.B-T0 Japan— April 8— Str. Kanagawa Main, 8,512
Cotton freights at
aatur.
352,000
855,000
703.000
14
14
?
Manchester
e
Havre
Sremen, asked..';
18914
13914
16
20
85
16
20
25
12
ahent,v.ABtw'p.e.
Seval, Indirect., e
Seval, via Oanal.e.
Barcelona, May.c.
e.
ienoa, April
12
18'«
18>«
28930
29O30
28930
29930
21922
22
15
15
23
28
40
40
Quotations are cents per 100 lbs.
rrleste
e
(anan (via Suez).e
f
Mon.
Laverpool........e.
aamburg, asked.e.
e.
Antwerp
cotton has been planted In Alabama, MUsiaslppl, and
JX)ni8iana, but planting Is becoming general over the eoathern portion
or the eastern dlatrlots and In Texas, where germination has been satlelaptory, PreparaUons for planting are unasnally backward In the
lowlands of Louisiana and Arkansas.
New York
1,958
1,921
920
2,193
7,973
352
50
7,045
300
7.905
240
660
5.145
500
9.920
8,327
744
1,200
713
155
100
717
5.512
114.420
the past week have been
as follows.
Government Weekly Cotton Report.— Mr. James Berry,
^iet of tbe Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the crops in the Southern States for the week ending April 10, enmmarlzing them as follows:
little
5.000 176,712
5,000 118.222
10,800 244.452
1,750 68,706
Total
1903-04..
1902-03..
190203..
This
Since
week. Sept. 1.
Baltikorb—To Liverpool— April 7-8tr. Quernmore. 3,327....
To Bremen -April 7 - Steamer Breslau, 444
April li—
Total.
Bombay—
1904-05..
1903-04..
1902-03..
This
Since
week. Sept. 1.
Devonian, 1,832
Continent.
BHtain.
Since
T/iis
week. Sept. 1.
exports (bales)-
To Naples, per steamer Konig Albert. 950
950
New Oblbans—To Liverpool— April 10— Steamer Jamaican,
6,407.... April 11— Steamer Oustodiati. 21,948
28,255
To Belfast -Aprii 11 -Steamer Carrlgan Head. 1,800
1,800
To Havre— April 14 Steamer Alexardrla, 10,000
10,000
To Bremen— April 14- Steamer Bertholey, 3,2X5
8,215
To Hamburg— April lO-Steamer Oalllsto, 1,758. ..April 14
India Cotton
1904-05.
8,744,411
ranging from 41
ing 62.
Augusta, (Jeorgia.— Crop conditions favorable. The week's
rainfall has been one inch and ninety- three hundredths, on
four days. The thermometer has averaged 64, the highest
being 81 and the lowest 88.
Charleston, South Carolina.— We have had rain on two
days of the week, the rainfall being nine hundredths of an
incb. Average thermometer 66, highest 78, lowest 42.
Stateburg, South Carolina.— Cotton planting is becoming
general. Sharp frost on low grounds on the 7th but no
damage. We have had moderate and very beneficial rain on
one day during the week, the precipitation reaching sixtysix hundredths of an inch.
The thermometer has averaged
644, the highest being 84 and the lowest 36.
Greenwood, South Carolina.— It has rained on two days
during the week, the rainfall being eighty-five nundredths of
an incb. The thermometer has averaged 58, ranging from
New Orleans
135,000
ThTs week.
Since Sept. 1
Smyrna, Oeorgia.—We have had rain on one day daring
the week. The rainfall reached eleven hundredths of an
inch. The thermometer has ranged from 51 to 79, averag-
Very
1431
fMCf.
Wtdnes. T*»ir«.
jy-<.
14
18914 18914 13914
13914 13914 13914 13914
16
80
25
12
18J«
28
16
80
25
12
18
28
29 930
16
20
25
12
18
28
15
23
15
23
40
40
16
20
25
IS
18
28
29930
29930 29930
21923 21922 21922 21922
15
1
28
40
15
28
40
:
.
THE CHRONICLE.
1432
—
LivBBPOOL, By cablef rom Liverpool we have the foiiowing
Btitement of the week's sales, stocks, &c., at that port.
Meh. 24
45,000
Of which exporters took. ..
Of which speoalators took.
1,000
1.000
42,000
7.000
76,000
843,006
772,418
71,000
61,000
172,000
141,000
Sales Amerloan..... ..........
Aotnal export
Vorwardea
Total stock— Estimated
Of which American—Est'd.
Total import of the
week
Of which American
Amount
Apr. 14
afloat
Of which American
.1,000
40,000
2,000
2,000
41,000
8,000
75,000
804,000
729,000
76,000
65,000
226,000
193,000
38,000
9,000
77,000
785,000
707,000
67,000
46,000
221 000
197,000
44,000
44,000
41,000
16,000
71.000
812.000
738.000
64,000
36,000
223,000
187,000
1,<100
The tone of the Liverpool market for spots and fntnres
each day of the week.'ending April 14 and the daily closicg
prices of spot cotton, have been as follows.
Monday. Tuesday. Wed' day. Thurtd'y Friday.
spot.
Sat'day.
Market, \
1S:30p. H.^
Quiet.
Mid. Upl'ds.
4-27
4-29
4-25
427
4 24
4-24
5,000
7,000
6,000
8,000
8 000
500
700
300
300
500
8.000
1,000
Sales
Speo.
& exp.
Moderate
demand.
Moderate Moderate Moderate
demand. demand. demana.
Dull.
Market
Market,
4 p. H.
July delivery In elev
\
\
\
\
Dull at Steady at
Ipt.
1®2 pts.
advance. advance.
Steadj
Dull at
1;((2
Quiet.
pts.
at
2(83 pts.
decline.
decline.
Br'lyst'dy Quiet at Steady at Bteady at Steady at
2 pts.
nnch. to 203 pts.
nnch. to
2 pts.
1 pt. dec.
advance. decline. 1 pt. adv. decline.
Quiet at
Ipt.
decline.
Basy at
2(a>8 pts.
advance.
The
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
olanse, unless otherwise stated.
2'Ae priee* are given in pence and 100(A.
ThuM: 4 12 mean*
4 li-lOOd.
below.
tW
Sat.
Apr. 8.
ITIon.
Tues.
Apr. 10. Apr. 11
Tlinrs.
Apr. 12.
Apr. 13,
Fi-I.
Apr. 14
9208
87i6
91^4
8at
llS's
87ie
114?8
» N£W
May
deUv. In elev
July deUv. in elev
Mon.
86^
Tuet.
11488
8714
YOKK..
Wed.
Thurt.
110«4
110%
111
108H
10914
9338
109J«
92
gi's
86%
88k
DAILT OLOBDfO PRI0E8 OF WBBAT FimjBES
Fri.
92^
8689
87
8608
IN CHIOAQO.
Thur*.
Wed.
fri.
116% 114''8
ll5»s
871*
S8H
87\
8214
83
82^
82
82^
Indian corn futures have received a limited amount of
speculative attention, and there has been a slight advance in
prices.
Advices from the interior have reported light country acceptances, and there has been a sharp falling off in the
crop movement. Stocks at interior markets have been reduced considerably by full shipments to the seaboard with
the opening of interior navigation. Foreign advices have
reported firmer markets on shorts covering, due to the arrival
of supplies from this country in poor condition.
Progress in
crop work the past week has been reported comparatively
slow, weathar conditions not being favorable.
limited
export business has been transacted in the spot market and
at steady prices. To-day the market was qiiet and easier.
The spot market was quiet.
DAILT OLOBIMG PBIOES OF NO. 2 MIXBD OOBN IM NEIV YORK.
Sat.
Mon. Tuet.
Wed. Tfiurt.
Fn,
58I4
58I4
58I4
58I4
Oaahoomf. 0. b
58k
58k
Sept. delivery In elev....
82^3
A
May
Future*.
opened.
DAILT OLOSIMa F&IOBB OF WHBAT rUTURBB
Bat.
Hon.
Tuet.
N0.2 red winter, f.o. b... Ill »e 109?i IO8I3
May delivery In elev
lOSOs
lOSk 107
Sept. dellv. In elev.
tbeweek
bales.
Sales of
Apr. 7
Mch. 31.
fVCL. LXXX.
delivery In elev
6318
SS^e
5354
58J«
63ifl
63
DAILT OLOSmO PEIOBS OF NO. 2 MXZBD COBN
Sat.
Mon. Tuet.
May delivery In elev
48
47%
48%
July dellv. In elev
5358
633«
53'8
6358
5368
SS-'s
IM CHICAGO.
Wed. Thurt.
Fri.
48i«
4858
4878
48ifl
4314
48^8
48%
481a
43k
48i«
47%
48i«
47%
Oats for future delivery at ths Western markets have been
quiet, but there has been a fraotional aivance in prices.
There has been a sharp falling off in the crop movement, receipts being comparatively light the past few days. Weather
conditions have not been favorable for good progress in
spring work, and these two developments have had a
strengthening inflaence upoa values. The spot market has
been moderately active at firm prices. To-day the market
July delivery In elev
Sept. delivery In elev....
47*8
47k
closed lower.
L2i«
1 12ifl 4 12i« 4 12i« 4 I214 4 12i«
P.M, P.M. F.H, P.M. P.M. P.M.
P.M. P.M. P.M. P.M.
4
P.H
d.
d
d.
d.
d.
d.
d
d.
d.
d.
d.
d.
112 4 10 4 13 4 12 4 09 4 10 4 11 4 11 4 08 4 09 4 08 4 08
April-May .. I 13 4 10 413 4 12 4 09 4 1C 111 411 4 08 4 09 4 08 4C6
May -June... t 14 4 12 411 4 14 411 4 12 4 13 4 12 4 09 4 10 4 09 4 07
June- July... 1 16 4 14 4 16 4 16 4 13 4 14 1 15 4 14 411 4 12 411 4 09
April
July -Aug.
Aug.-Sept
,.
.
I
i
4
Sept. -Oct..
Oct. -Nov.... 4
Nov.-Deo. .. 4
Deo. -Jan
Jan.-Feb
FeD.-Moh.
4
4
17 4 15 4
17 4 16 4
13 4 17 4
19;4 18 4
19 4 18 4
214 19 4
22 4 20 4
17 4 17 4
18 4
19 4 19 4
4
20
4
20
21 4 21 4
22 4 22 4
23 4 284
184
14 4 16
16 4 16
16 4 17
17 4 18
18 4 19
19 4 20
2014 21
16 4 15 4
4 17 4 16 4
4 18 4 17 4
4 19 4 18 4
12
13
14
15
120 4 19 4 16
21
4
4 20 4 17
4 22 4 21 4 18
4
4 13 4 12 4 10
4 14 4 13 4 12
4 15 4 14 4 13
4 16 4 15 4 14
4 17 4 16 4 14
4 18 4 17 4 15
4 19 4 18 4 16
..
Jute Butts, Baqging, &c.— The market
has been dull the past week.
changed at 6^0. for
1^ lbs.
bagging
Prices continue nominally unand 6Jg^. for 2 lbs., standard
for jute
Jute Dutts dull at \}i@\%<i, lor paper quality and
2@2J^o. for bagging quality.
gradps.
BREADSTUFFS.
28%
Sept. delivery in elev
285e
28%
29
29k
29^8
Following are the closing quotations:
FLOUE.
rine.....^^
Superfine
Extra, No. 2
Extra, No. 1
$3 90
3 25
3 40
Its 10
'3>3
40
60
76
93
«3
®4S0
«5 25
96 65
OS 80
©e 60
Patent, winter
$5 60
City mllle, patent. 6 15
flour,
Rye
superfine 4 20
04 90
Buotewheat flour.. Nominal.
Corn meal—
Straights
Western, etc
2 75 ®2 80
Brandywlne
Patent, spring
2 80 -812 90
OBAIH.
Wheat, per bush—
c.
Com, per bnsii—
0.
e.
0.
N.Dul.,No.l
f.o.b.lllk
Western mixed..
51k»58k
N. Dul., No. 2
f.o.b.l06
No. 2 mixed
f. o. b.58k
Bed winter. No. 2.. f.o.b.lll
No. 2 yellow
f. o.b.Nom
Hard winter, No. 2. t.o.b.Nom.
No. 2 white
f o.b.Nom
OatB—Mixed, p. bosh. 35 '8135k Eye, per bushWhite
Western ..........
S5k940
81 «84
No. 2 mixed...
Nominal.
State and Jersey.
Nominal
white
No. 2
Barley—West
Nominal.
SO iteo
Feeding
41%945
(Jlears
3
4
4
5
60
00
35
85
.
Fbidat, April
A dull, dragging market has been reported
DAILT CLOSmO FBICKS OF OATS IH NEl^T YORK.
Sat.
Mon. Tuet.
Wed. TKurn.
Fri.
No. 2 mixed In elev
Nom. Nom. Nom.
.^413
Nom. Nom.
No. 2 white clipped f.o.b.
37
37
37
37
37
37
DAILT CLOSING FBIOEB OF NO. 2 MIXED OATS IN CHICAGO.
8at.
Mon. Tuet.
Wed
Thurt. Fri.
29"'8
29''8
3018
May delivery In elev
30%
30
30k
2358
2378
29 Og
30
July delivery In elev
30%
30
for
14, 1906.
wheat
flour.
Bayers generally have appeared to lack confidence in the
and have limited their purchases strictly to such
Agricultural Department Repoht.—The report of the
supplies as they have needed to meet immediate and well
Department of Agriculture, showing the condition of winter
Tnere has been, however, no pressure from
defined wants
grain on April 1, was issued on April 10 as follows:
the mills to market supplies, and prices have held to a fairly
Themonthly report of the Chief of the Bureau of Statistics of the
steady basis. Rjpe flour has been dull and prices have Department of Agriculture will show the average condl'ion of winter
on April 1 to have been 91-6. against 76-5 on April i, 1904, 973
weakened slightly. Corn-meal has been quiet but prices wheat
attheoorreepond'ng date In L908, and 83*1 the mean of the April averages of the last ten years. The following table shows for the principal
have been fairly well maintained.
winter-wheat States the averages of condition on April 1, the correfor
future delivery has been moder- sponding averages one year and two years ago and the mean of the
Speculation in wheat
ately active. The May position at Chicago is receiving con- oorrespoudlng averages of the last ten years
CONDITION OF WINTER WHEAT APRIL 1.
siderable attention from the trade. It is understood that
10 -year
Slates1905. 1904. 1903. 1902. 1901. 1900. 1899. 1898. av'ge
large and powerful interests are opposed to each other in
89
76
66
47
86
80
97
77
83
this delivery and that a squeeze of shorts is contemplated, Ohio
Michigan
94
72
57
92
78
83
75
80
96
although to carry through a deal it is believed that bull
P'2
Indiana
66
97
51
72
85
77
81
89
interests will have to take care of a considerable quantity of nilnols
95
90
92
74
75
81
83
88
98
wheat. The monthly report by the Government's Agricul- Missouri
91
91
81
P5
91
73
98
81
83
92
78
97
73 105
99
66 101
84
tural Bureau was Issued on Monday afternoon, and it Kansas
92
94
72
63
101
71
Texas
€8
86
81
winter-wheat
crop in a very
prorrthe
showed
83
7^^
Tennessee
60
81
98
90
71
95
82
had
temporarily
condition, and
a depressing Kentucky
ising
90
6t lOJ
74
68
75
94
97
82
for
daliveriee.
values
new-crop
upon
infl lence
92
Maryland
71
7J
99
90
88
93
93
83
86
89 103
54
91
93
83
80 101
During the first half of the week the weather reports from Virginia
96
York
74
New
99
91
80
81
92
85
89
favorable
for
the
growing
wheat
crop
and
the interior were
situation
.
for progress in seeding the spring-wheat crop. Subsequently,
however, climatic conditions turned unfavorable, freezing
Pennsylvania
temperatures being reported from the spring-wheat belt. The
"Cincinnati Price Current," in its weekly review of the crop
situation, says that the winter wheat crop Is rarely so uniformly promising at this season. The spot market has been
qaiet and easier. To-day the market advanced early on the
cold weather reported from the West, but weakened at the
close under bear preesure. The spot market was quiet.
Oklahoma
Nebraska
Oallfornla
Oregon
92
95
88
100
90
74
81
66
92
9tt
100
98
100
98
90
82
9i
67
9i
88
8i)
100
97
100
99
72
85
99
90
100
89
. . . •
*«»•
93
35
93
95
102
62
102
85
88
86
87
94
91-a 76-5 97-3 78-7 91'7 82-1 77*9 867 83-1
ttverHge condition of winter rye on Aoril 1 was 92*1, against
823 on April 1, li»04. 979 at the corresponding date In 1903, and
87'9 the mean of the April averages of the last ten years.
Average
The
A
[
Apr.
•
THE CHRONICLE.
15, 1905.]
Government Weekly Grain Report.— Mr. James
Berry,
Chief of the Climate and Crop Division of the United States
Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
endicg April 10, summarizing them as follows:
Corn.— Preparations for planting corn have been active under favorable soil conditloBB In the central valleys and have began in the southern portion of the Lake region. A !arge part of the corn area in the
Sontbern states has been planted and much is up to good stands.
Flantlrgls now general in Kansas and Missouri and has begun in
Kentucky and Southern Illinois.
Wlnttr Wheat —AH reports indicate that the outlook for winter
wheatthroughout the country is UDueually fine and that the crop has
madeeatlBfactory progress slnee the previous Issue of the Weather Crop
Bulletin. Auril 1. In Oallfornia the condition of the crop Is excellent
1433
Heavy brown drills and sheetings are quoted generally J^o.
higher than a week ago, and while home buying has not been
active, yet converters and others have shown more disposition
to purchase ahead. The scarcity on many lines is becoming
more and more marked and as yet the diversion of machinery
from other lines to these has not had any appreciable effect
on the situation. Light-weights have been in fair demand
and inquiries for 4'50-yard sheetings and upwards for prompt
shipment have been large. Erpott inquiries have comprised
3 to 4*50-yard sheetings and a few sales have been reported
at sellers' full prices. Coarse, colored cotton goods, which
have been more or less neglected for some time, are expected
to feel the effect of the turning of machinery to other lines,
and higher prices are looked for in the near future. Ticks
In all sections, and the heaviest crop in years is promised.
Spring Wheat.— The feeding of sprlDg-wheat is well advanced over have been well sold ahead and denims are fairly well conthe southern part of the spring wheat region, being nearly completed
Bleached goods orders have been coming in more
InNebratka aud portions of Southern Minnesota and South Ddkota, ditioned.
and flnlsbed in Iowa, and In these States the early-sown is coming freely and there is a scarcity of finer counts. Some export
well. In the northern portion of the spring wheat region delay in
seeding was caused by the rains of April I to 3 and subsequent freezes.
In Washington seeding Is well advanced and the early-sown in both
up
Washington and Oregon
is
coming up
nicely.
Oats —Oat seeding is largely finished In the States of Lower Missouri
Valley and is well advanced In the Upper Miselseippl and Ohio valleys,
seeding havlnK b.jgnn in the Upper Lake region. Excellent germination is generally indicated, and the situation respecting this crop ia
very promising.
Exportti of (j^rain and Flour frons Pacific Ports.— The
exports of grain and flour from Pacific ports for the vfn^-k
ending Apr. 3, as received by telegrapt), have been hs follows:
From San Francisco to various ports, 7,283 bbls. flour. 1,000
bushels wheat, 4,800 bushels harley, 100 but hels oats and
8,C00 l:ushel8 corn.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903-04.
Oatt,
Barley,
Rye,
Corn,
MxportM
Flour,
Wheat,
buth.
bush.
bush
buth.
from—
bbli.
bush.
854
San Fran. 544.270 1,6!(0,441 131.473 177,983 3,303.465
412
963,685
Paget 8'd. 3,060,741 1,387,875 28.568 256.429
246,656
863,874
Portland.. 561,770 1,483,760
1
TotaL... 2.156,781
'03-4.3.049.804
rot
4,492,076 160.041
6.202.712 39.365
681 068
376,395
5 131,024
The aggregate exports from the United
and wheat
from July
1.268
1,122
9.442.797
States of wheat
expressed in bushels, for the nine months
to March, inclusive, have been as follows for
flour,
1
four years.
WHEAT BXFOBTS FROM JULY
1904-05.
4,209,435
Wheat, bushels
Flour, reduc. toba8h.29,450,524
Total bushels
1 TO MARCH.
1903-04.
1902-03.
1901 02.
41,926,218 93,476,627 126,423,988
65,040,098
65,820,604
60,718,873
33,659,959 106.966,316 159,297,231 187.142,861
r For other table* aanallr glvea hero see page 1405.
THE DRY GOODS TRADE.
business in bleached goods has helped the statistical situation, particularly on low countp. Canton flannels are becoming scarce and some lines have been sold up and withdrawn.
Prices are firmly held. Kid-finished csmbrics show some improvement, but are without quotable change. Staple prints
bave been in fair demand but fancies are quiet. Staple
ginghsma continue to move elowly, but there has been a
good demand for fine dress ginghams. Print cloths have
been quiet, with some irregularity reported in low counts.
On wide goods mills are well sold ahead. Regulars remain
quiet and unchanged at 2^c.
Woolen Goods.— Little duplicate business of importance
is expected in the men's wear woolen and worsted market
before the middle or end of May, but clothiers are expected
to place their orders fairly freely as soon as they have discovered the trend of buying. In the meantime mills are busy
turning out sample pieces and agents are fully occupied in
keeping buyers up to their contracts. Cancellations are still
heard of but have not been so numerous as in the recent past.
Plans are already being formulated for next spring goods but
will not be definitely settled until some idea has been obtained of the trend of duplicate orders on heavy-weights.
The dress goods situation is encouraging to sellers and with
the advent of warmer weather business has show a decided
improvement.'^, Retail trade is expected to be heavy, owing to
the general prosperity throughout the country, and this will be
u fleeted in the primary market. There has been little developement in fall goode, but some fair-sized orders have been
placed. It is as yet too early to determine the true position
of the market. The tendency still is towards plain staple
goods.
Foreign Dry Goods.— Some fair orders for imported woolen and worsted dress goods have been placed during the week
and salesmen report the outlook as being bright. Silks have
been firmer during the week and business active. Ribbons
have shown some improvement.
Linens are quieter but
steady. Burlaps are somewhat easier but moderately active.
New Yohk, Fbidat, P. M., April U, 1905
The cotton-goods market has taken on an air of increased Importations and Wareboase ^iritbdraiiraloof Dry Good*
activity during the week, and with the statistical position increaeing in strecgth prices generally tiave shown an advancH
to
to
O 2 «^£io^5
ing tendency. While there s still an entire absence of any§1
<:»0
f
thing approaching speculation on the part of buyer?, there
has been a greater disposition among these to anticipate their
future rf quirements. This has been brought about by the
impossibility of securing early shipments on many lines that
are needed and by the improvement in retail trade, which Is
more or Ipss general, but is particularly noticeable in the
South. Under these circumstances sellers have been placed
in a more independent position than for a locg time, and
while they are not making use of this to unduly advance
prices, they are holding firmly to the current level and refuse
to accept conceesions that are offered. Many mills are sold
farther ahesd than they have been in some time, and could
transact a much larger volume of business if they had the
foods on hand to deliver. This is very marked in the export
ivision, where iEquiries are still being received for goodp,
but few orders are being placed owing to the impossibility ot
agents guaranteeing the required shipment. A few eales to
both China end the Red Sea have teen reported, and these
have been placed at full prices. There is little new business
in men's wear woolen and worsted goods, but dress goods
have been moving freely during the week.
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending Apr. 10 were 7,688
packages, valued at |396,837, their destination being to the
points specified in the tables below:
»»
^
Si
S:
9
.
S"
(B a
I
i
f'i
:
:
I
I
.
!
i
.
I
•
I
i
.
I
.
I
.
•
.
:
3>
!
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
12
27
3,8i0
'.'.'."."
.
.../"'
Other Countries
Total
i'510
136
673
41
.^35
323
821
7,688
Week. Since Jan,
263
203
40,632
5,514
4,142
2,077
7,941
737
..."
;
22,798
3,886
9,155
2 845
5,469
io6
'"21
18'5
1
4,609
16,744
4,970
648
69
228
3R5
10
3.912
15,851
3,158
67,805
1,036
88,032
1
The value
of these
New York exports since Jan.
f4,739,874 in 1905, against $3,596,093 in 1904.
1
has been
.
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—
—
THE CHRONICLE.
1434
State
y^ws
Oity
jitt/^nwmr.
xVV^^'VNi'VWV^^W^^^^AAA^AAA^^^^V^r^^^'V^i^^'V^^'^'
Mwwwwsl^'W^'^'v^/v^i«i^|^^^AAAMMAAAA>v^l>
News
[Vol. lxxx.
Maturity, $4,000 July 1, 1910; $8,000 July 1, 1915;
$6,000 July 1, 1920; $8,000 July 1, 1926; $8,000 July 1, 1980,
and $8,000 July 1, 1983. Date of sale notyet determined.
Adams ConntT (P. 0. Natchez), Mlsa.- Bonds to he Issued,
are advised that $98,000 of the $104,000 1% bonds of this
county which will mature July 1, 1906, will be refunded.
Alamo School District, San Diego Connty, Gal.— Bond*
lU awarded.— An issue of $1,600 6^ school- building bonds was
sold on March 30 to M. T. GUmore for $1,603, These are the
same bonds awarded on Jan. 6 to Sao Diego parties (see V.
80, p. 610), which sale was never consummated.
Ddnomination, $400.
Date, December, 1904. Interest annually in Ddcember. Maturity, $800 in 1912 and $800 in 1914.
Allegran Coonty (P. 0. Allegan), Mich.— Bonds Foted.—It
is stated that this county has voted to issue $86,000 bonds for
tlon, $600.
We
Items.
Colorado.— Legislature Adjourns.—The Legislatare of this
State adjoarned April 3
Kansas.— School District Bonds,— The State Legislature
prior to adj ^urnment passed a bill authorizing the Board of
Education cf any city of the second class to issue bonds to
provide funds for the purchase of a school site or buildings
thereon or to fund any bonded debt or any floating indebtedneas which may exist at the present time. Interest, not exceeding 5^, payable semi-annually. Maturity, not more than
twenty years. All issues under this Act, other than refunding bonds and bonds put out to take up present floating debt,
must be submitted to a vote of the people. The Act also
limits the total indebtedness of the board to 15^ of the valuation of the district.
Mexican Loan.—Listed on Berlin Stock Exchange. Cable
advices from Berlin say that the Mexican Government i%
gold loan, recently negotiated through Messrs. Speyer
Co.
of this city, has been officially listed on the Berlin Stock Exchange. See V, 80, p. 234.
Minnesota.— TFafer Bonds.— The Legislature of this State
has passed a bill (Senate Bill No. 286) authorizing cities
having a population of from 10,000 to 20,000 inhabitants to
issue bonds to construct or acquire water works; also Senate
Bill No. 289 authoriaing cities of from 6,000 to 10,000 and
Senate Bill No. 282 authorizing cities of over 50,000 population to issue bonds for water works.
Electric- Light Bonds —Senate Bill No. 416, authorizing
cities of more than 50,000 inhabitants to issue bonds for an
electric light plant, has passed the Senate.
County Bond*.— House Bill No. 177, authorizing county
commissions to issue bonds to refund bonded and floating indebtedness, has passed the Legislature; also Senate Bill No.
402, authorizing court-house bonds.
ViUage Bonds.- House Bill No. 113, authorizing villages
to fund fl mting indebtedness, has passed the Legislature.
—
&
a
new
jail.
Alma, Neb.— Bids Rejected— Bond Offering.— A\\ bids received March 28 for the $15,000 4^4,% 5 20-year (optional)
water and $3,500 i]4% lO-20-year (optional) electric-light
bonds were rejected. Proposals are again asked for these
bonds, this time until 6 P. M, to-day, April 15. Denomination, $500.
Date, day of issue. Interest annually at the office
of the City Treasurer. Certified check for $500, payable to
B. M. Simms, City Treasurer, required. Bonded debt at
present, $9,000, Assessed valuation 1904, as equalized, $547,675; real value about 11,000,000.
Bonds were authorized at
the election held Feb. 21, 1905, the vote on the water question being 175 to 25, and on the light bonds 186 to 15. A, A,
Billings is City Clerk.
Arcanum, Darke County, Ohio.— Bond O^eringr.— Proposbe received until 12 m.. May 3, by D. O. Hfleter, Village Clerk, for $38,000 5!^ water and light bonds. Danomination, $1,000.
Date, March 1, 1905. Interest, semi annual.
Maturity, $1,000 yearly on March 1 from 1914 to 1951, inclusive.
Accrued interest to be paid by purchaser. Certified
check for b% of the amount of bonds bid for, drawn on some
bank in Arcanum, payable to the Treasurer of the village,
als will
required.
Atlantic (Iowa) Independent School District.— Bonds
Fo^ed.— This district on March 19 voted to issue $7,000 bonds
for the purpose of connecting school buildings with the
New York State.— ^mendTnenf to Proposed Savings Bank
Investment Bill,— The Senate Committee on Banking, on sewers.
Aabarn (Wash.) School District.— Bonds Voted.— It is
April 7, reported the new Savings Bank Investment bill with
an added amendment permitting investments in securities of stated that this district on March 25, by a vote of 261 to 7,
Eastern Illinois Railroad Co., which road, it authorized the issuance of $18,000 school-house bonds.
the Chicago
Bangur, Wis.— Bond JE?/ec<ion.— The Village Board has deis stated, has had gross earnings equal to five times its fixed
cided
to submit to a vote of the people the question of issucharges for only three years instead of five, as required in
the proposed measure. The bill as it passed the Qaneral As- ing: $4 800 bonds for a village building.
Bayonne, N. i.—Bond Sale,— We are informed that the
sembly on March 22 was given in full on page 1033 of the
sinking
fund has taken at par the recently authorized $50,000
Chronicle March 11, 1906. This amendment, or rider, would
seem to be opposed to the general character of the bill, which i}4f' 6-year street and sewer- improvement bonds dated April
SOyear school-site bonds dated
1, 1905, and the $6,750
i8 to provide certain general standards to which investments
must conform in the future instead of continuing the old March 1, 1905. Interest, Jan. 1 and July 1.
Beanfort Coanty (P. 0. Washington), N. C—Bond Offerpractice of adding specially named bonds from time to time.
May 2, by
In the Senate on April 12 the bill with this new addition ing,— Proposals will be received until 12 m
was advanced to a third reading, several attempts to recom Gilbert Rumley, Clerk Board of County Commissioners, for
mit the same with instructions having failed. The Gov- $12,500 5<{ gold funding bonds. Denominations, not less than
ernor is reported as being opposed to the proposed rider and $100 nor more than $5,000. Interest semi-annually at place
to be designated by the County Commissioners.
A certified
is quo'^ed as having said
of the amount bid, payable to the Treasurer of
" While I am Governor of the State no special bill to be check for
enacted legalizing the securities of any railroad as a proper Beaufort County, required.
These bonds are to be issued for the purpose of funding the
investment for savings banks and trust funds will be apentire debt of the county, which is at present about |1 18,000.
proved by me."
Nurth Carolina. Effort to Obtain Recognition for Special Assessed valuation of property, $4,604,205; estimated actual
Authority for issue, Act of General AsTax Bonds. A circular was issued on March 29 by a com- value, $7,000,000.
Sepsion 19''5,
sembly,
mittee consisting of John G. Carlisle, Jefferson M. Levy,
Bearer Falls, Pa —Description of Bonds.— We are adHenry H. Melville and L. E. Wblcher requesting holders of
vised ihat the $80,000 4.}4'i funding and refunding bonds,
special tax boads to join in an effort to secure some recogniwhich we stated last week had been sold to MacDonald,
tion by the State of these bonds. The circular is as follows:
McCoy & Co. of Chicago for $31,459 60, were awarded to that
To the Holders of Special Tax Bonds of the Stale of North Carolina:
Tbe recent decision of the Supreme Oourt of the United Btatee, firm on March 27. Denomination, $1,000. Date, April 1,
Maturity, $2,000 yearly from 1913, all bonds being
In the oaee of Sonth Dakota vs. North Carolina, has effected a ma- 1905.
terial improvement In the position of the special tax bonds.
The subject to call after 10 years.
Court can now entertain suits to enforce these bonds against the
Bedford (Ohio) School District.-Bond .BZecMon.—An
8tat«, at the snlt of any other State in the Union, or of any foreign
State. The bondholders have thus become enabled to sabject North election has bean called for April 15 to vote on the issuance
Carolina to heavy hardens by donations of any proportion of the of $20 000 school-bulldlne: bonds.
bonds to such States. North Carolina may avoid such a result by setBelie Plalne (Minn.) School District. —Bonds Foted.— Actlement with the present holders upon a lower basis than the amount
cording to local reports, this district on March 24 voted to
of such prospective donations.
It Is proposed to surrender all the aconmnlated interest and to issue bonds for a new high school.
accept a Beitlement bond for the principal, to carry two per cent (2%)
Beilerne, Ky.— Bond O^ertngr.— Proposals will be received
nntll 1910. A.t that time the present fuur-per-cent bonds become due,
when all the State debt could be funded into new three per cents, the until 12 M April 24, by Geo, Emig Jr., City Clerk, for
rate paid by other Bouthnrn States of restored credit. This adjast- $4,500 4!i 2 14-year (optional) coupon street-improvement-rement would be aided by the gradual reduction of the existing pension newal or funding bonds. Diiuomination, $500. Dite, May
tax, as well as by the increased prosperity of the State.
To effect these resultB, the undersigned [as above] have been re- 1, 1905. Interest annually at the Campbell County Bank of
questea by the owners of a large am >uat of the bonds to forward the Bellevue. Accrued interest to be paid by purchaser.
provisions of the agreement, dated iVIaroh 29th, 1905. copies of
Berea, Ohio. Bond Offering. Proposals will be received
which may be obtained at the United States Trust Company, No. 45 until 12 M., May 8, by O. R. Stone, Village Clerk, for $3,000
Wall Street, New York City.
West Street drain bonds. Danomiaaiion, $300.
An edltlorlal article reviewing the decision of the U. S. 6{ coupon
laterest, semiannual.
Maturity, $800
May
Date,
1, 1905.
Supreme Court in the case of South Dakota against North
from 1906 to 1915, inclusive. Accrued inCarolina appeared in the Chronicle of last Saturday, page yearly on Nov. 1
Certified check for 5% of the
terest to be paid by purchaser.
1882.
of bonds bid for, payable to the Treasurer of the vilamount
VennsjV\an\a.— Legislature Adjourns. The Legislature of
lage of Berea, required.
this State adjourned on April la. ieo5.
Beverly, Mass.— Bond SaZe.— An issue of $10,000 ii sewer
bonds has been awarded to Lee, Higginson & Co. of Boston
Proposals
Neo^otiations thu at 105*48. Following are the bids :
Blodeet, Merritt « Co., Boston. 104-64
I..ee, HtcKlnson & Co., Boston. .106'4.'!
week have been aa follows:
106-8tf8
10»-6a»
R. L. 0«y * Co.. Boston
W. O. Ghx & Co., BoBlon
104-63
104-9a
Boston
Adams* Co., Boston
Blahe Bros. * Co.,
AbbeTllIe, ha.—Bondn Voted.—The election March 28 re* N.
104-88
108-07&
W. J. UaTes * Sons, Cleve
W. Harris* Co.. Boston
101-73
eulted in a vote of 81 (property value $184,490) in favor of iS8tabrook& Co., Boston
and 22 votes (property value $61,955) against the proposition
Bigtimber Sihool District No. 22, Sweet Grass County.
to issue |40,0U0 Sit water-works and sewer bonds. Danomina* Mont.— Bond Hale.—This district has sold to the Union
&
H
,
H
:
—
,
—
—
Bond
and
—
Apr.
—
THE CHRONICLE.
15, 1905.]
&
t'rnsc «Jo. ot Heleaa an lesae ot $1,&0j n% o-i& year
(optional) school-building bonds dated April 1, 1905.
Bozeman (Mont.) School District No. l.—Bond Offering.
Proposals will be received until 13 M., April 37, by Philip
Dobson, Clerk, for $37,000 30- year coupon school bonds. In-
BauK
—
terest, semi-annual.
Braddock, Pa.— Sond Sale.— Oa
coupon bonds described
W.
Harris
&
Co. of
April 10 the |133,000 i%
in V. 80, p. 1183, were awarded to N.
Ctty at 108- 184 and interest.
1905, and will mature part yearly for
New York
Bonds are dated M*y 1,
thirty :rears. They are tax exempt.
BraTvley School District, San Diegro, C&l.— Bond Sale.—
On March 30 $2,500 6% school-building bonds were awarded
Date,
to M. T. Gilmore at 100*30. Denomination, $500.
Interest, annually in January.
Maturity, one
to 1913, inclusive.
resoBridgeport, i^onn.— Bond Bill Passes Legislature.
lution aotboriz^ng this city to issue |80,0uU betterment bonds
Jan.
3, 1906.
bond yearly from 1908
—A
1435
Cleveland, Ohio.— Bond Sates.— The offering on April 6 of
fifteen issues of bonds, aggregating $3,771,000, described in
V. 80, p. 1071, reeultfcd in the following bids :
*DenUon,
E. H. RoU
Mason. Lamvrtcht
Prior 4 Oo.
Uns & Sons. Lewis & Co. Bros. & Co.
$300,000
170,000
200.000
200,000
26.000
100,000
60,000
i% pavln j7
44 sewer (8 Issues)
4* Intercepting
4)(
$t!00,6TB
street
4^ Morgana tewer
4* bridge
4% CoTahOga River....
37fi,000 4« park
20.000 4» bath
100,000 4« hospital
20,000 4« city farm
250.000 4* water
80.000 4j6flre
500,000 4% grade-crossing
53 1, ObO 6^ street
Parson, Leach
Prior & Co.
*
&
170.475
200,675
200,630
26,107
100,367
50,213
876,026
20,061
100,427
2<>,073
260,9-<l
80,1«5
604,670
682,400
Co. and Seasongood
$200,369 00
170,268 00
200,460 50
200.550 60
36,050 25
100,289 00
60,1U)00
376.000 00
20,010 50
100,860 00
20,06000
$200. 100
170.075
200.100
200.110
26,000
100,300
60,076
375.800
80,000
100.176
20,000
850,7.«>000
260.3fi0
30.14" 75
504,500 00
30,000
601,100
531.000
531,90000
& Mayer
$200,200
170,170
200,200
200,800
26,025
lOO.lUO
60.060
876,875
20,020
100,100
20,020
250,260
30,090
600,^00
631,631
bid jointly with Denlson,
In addition to above bids, N, W. Harris «& Co, offered $503,has passed the Legislature.
087 for the $500,0C0grade-croe8iDg bonds; W. J. Hayes & Sons
Brookingrs, S Dak.— Bond Election, Reports have it that of Cleveland off'^red par for all the i% issues and $1,000 prean election will be held in this city on April 18 to vote on the mium for the $531,000 5 per cents; the Sinking Fund Comquestion of ist-uiog bonds for water works.
mlsplonerscff-red *52,300 and I'iiesOO for the $60,000 CuyaBrookings (8. Dab.) School District.— Bond Election.— hoga River Improvemen tand tbe $531,000 street-improvement
This die* net, according to reports, will vote on the question bonds. The two issues bid for by the Sinking Fund Comof issuiog S13,fiOO bonds for a new school house.
missioners were awarded to them, while the remaining issues
Broxion, Gd.— Bonds Voted.— This place has voted to issue were disposed of to the syndicate headed by Denison, Prior
$10 000 fchooi-bnilding bonds.
&Co.
Buffalo, N. Y.— Bond Issue.—The issuance of $7,337 66 8;^
Clio, S. C. -Bond Election.— It is stated that this place will
one-year bonds dated April 1, 1905, has been authorized to meet vote on tbe question of issoing bonds for a scbool building.
expenses of the Department of Pablic Worfes. Under the
Coalgate, lud. Ter.— Bond O^eriTigf.— Proposals will be reresolution tbese bonds are to be taken at par by the bond- ceived until 12 M, to-day (April 15), by John M, Ingram,
premium account as an investment.
Mayor, for $4a,000 water and $30,000 school bonds. DenomCertificate Isaue.—A resolution has been adopted authorizinations to suit purchaser. Date, day of issue.
Interest
ing the iscuance of a $3,000 5% certificate of indebtedness to semi-annually at the office of the City Treasurer, Maturity,
be dated April 1, 19U6, and to mature July 1, 1906. The 20 years. Authority, election held March 18, the vote on
certificate is to be taken at par by the Hertel Avenue outlet water qneetlon being 249 to 93 and on school question 319
sewer siobing fund as an investment.
to 85. Certified ohecfe tor $1,000 required,
Cadillac, SLich.— Bonds Voted.— Oa April 8 this city, by
Colorado. Bona Bill Pauses Senate.— The Senate recently
a vote ot 824 to 198, authorized the issnance of {35,000 4$ passed Senator Owen's bill authorizing the issuance of $800,Securities will mature $7 000 on April 1 of 000 bonds to fund the military debt incurred in 1908-04 in
bridge hoods.
each of the years 1913, 1918, 1919, 1920 and 1931. Date of suppressing rioting in the mining camps. The House, howsale not yet fixed,
ever, failed to pass the measure prior to adjournment.
Carnegie, Pa —Bond O^mng.— Proposals will be received
Colambus, Ohio.— BoTids .dttr/iorteed.— Ordinances passed
until 8 P. M,, April 20, by George T. Kirkbride, Chairman the City Council on March 37 authorizing the issuance of
Finance Committee, for the $60,000 ii coupon general im- the following bonds
frovement bonds voted on Feb. 31. Denomination, $1,00'', $31,000 i% coupon Town Street bonds, mat'arlng Sept. 1. 1916. Interest payable
at office of City Treasurer
Denomination, 11,000,
Interest, s( mi- annually at the Firirt
>ate, April 1, 1905.
electric-light plant bonds, maturing March 1, 1935. subject
Maturity on April 1 as fol- 36,000 4^tocoupon
National Bank of Carnegie.
call after March i, 1916. Interest payable In New York. Denomination. $i.OiiO.
lows: $1,000 yearly from 1923 to 1926, inclusive; $2,0C0 in
—
:
1937 and $2,000 in 1928; $3,000 from 1929 to 1931, inclusive;
$4,000 In 1933 and $4,000 in 1933; $13,000 in 1934 and $12,000
in 1985. Bonds are free of tax. Certified check for $1,000
payable to J. H. Walker, Treasurer of Carnegie Borougb,
required with each bid. The official circular states that no
detault has ever been made In payment of principal or interest, and that there is no litigation, pending or threatened,
affecting this Issue. Total bonded debt, including this issue,
$315,500. Estimated actual value of taxable property, $6,000,Population,
000; assessed value for taxation, $4,073,156.
estimated 1905, 10,000.
Chariton, I«wa.— Bond Sale.— The $40,000 Qi water works
bonds mentioned in V. 79, p. 2807, were awarded on April 1
De
to the American Securities Corporation of Iowa at par,
nominations, $100 and $1,000. Date, April 1, 1905, Interest,
semi-annual. Maturity, April 1, 1925, subject to call April 1,
3,000 i% coupon Olloert Street bonds, maturing Sept. 1, 1915, subject to call
Sept. ),10u6. Interest payable at office of City Treasurer. Denomination. $500.
8,000 i]ii% coupon sewer bonds, maturing Sept. 1, 1907, subject to call Sept. 1,
1905.
$500.
Interest payable at office of City Treasurer.
Denomination,
All the above issues are to be dated not later than
Interest, March 1 and September 1.
Bonds Be- awarded, —The $400,000 bonds
May 1,
1906.
(twelve issues)
awarded by the sinking fund trustees on March 17 to Denison, Prior & Co. and Seasongood & Mayer, jointly, have
been refused by those firms. The trustees ou April 7 reawarded the bonds to Farson, Leach & Co, of Chicago at
their bid of $9,972 premium. These bonds are not original
Issues, being disposals of bonds held by the sinking fund as
an Investment.
Commerce, Tex.— Bo»ids R( gister ed.— The State Comptroller on March 81 registered an issue of $2,500 5% 10-40-year
(optional) water- works bonds of this city, bearing date
1910.
Charlotte County, Ta. Bond Sale.— We are just advised Aug. 1, 1904.
toranpolis School District, Allegheny Connty, Fa.— Bond
that the $i5,000 30 80 year (optional) road bonds described in
V. 80, p 137, were awarded on February 30 as 6 per cents $ate,— Lamprecnt Bros. & Co,, Cleveland, were the successful bidders on April 3 for the $30,003 i% 29-year bonds deto John Nuveen & Co. of Chicago at private sale.
Chinook School District No. 10, Chouteau County, Mont. scribed in V. 80, p. 1191,
Covington, Ohio.— Bonds Fofed.— The election March 24
—Bond o^ering —Pi oposals will be received until 1 p.m..
May 8, by Myra L Williams, Clerk Board of Education, tor resulted favorably to the proposition to issue $5,000 b% watei$31,600 14-3L)-year (optional) coupon bonds at not exceeding works-exienslon bonds. The vote was 189 for to 31 against.
6^ interest. Securities are dated March 31, 1905. Certified No date has yet been set for the sale of these bonds.
Cnmberland, Md.— Bond O^erfnflr.— Proposals will be recheck for 6^ required,
Cincinuati, Ohio.— Bond 0#ertnflr.— Proposals will be re- ceived unttl 13 M., May 1, by the Finance Committee, for
ceived until 12 M., May 8, by W. T, Perkins, City Auditor, $25,000 A% gold coupon fire-department bonds. Denominafor $850,000 8)^« coupon sewer-constrnotion bonds.
Denom- tion, $l0i). Date, Oct. 1, 1904 —interest coupon due April 1,
Interest. April and October. Maturity,
ination, $500. Date, May 1, 1906, Interest semiannually at 1905, detached.
the American Exchange National Bank, New fork City. $5,000 yearly from Oct. 1, 1906, to Oct. 1, 1910, inclusive. A
Maturity, May 1, 1985. Certified check for 5 per cent of certified check for 10<{ of the amount of bid, payable to tbe
Mayor and City Council of Cumberland, required.
the gross amount of bonds, payable to the City Auditor, reDnlntb, Mimi.— Bond Sate.— On April 10 the $140,00() A%
quired. Bidders must use printed form of proposal furnished
by the City Auditor. Accrued interest to be paid by pur- 30-year water and light gold bonds and the $100,000 4« 25-year
bridge coupon gold bonds described in V, 80, p. 1253, were
chaser.
Clarendon (Pa.) School District.—Bond Sate,— Oa April 6 awarded to tbe Commercial Investment Co. of Dnluih, acting for E, H, Gay & Co. of Boston, for $140,045 and $1U0,030
the $6,000 5!l 1-13-year (serial) coupon bonds described in V
and interest, respectively, A bid of par was also received
80, p. 1268, were awarded to Hay den. Miller <fc Co., Cleveland, at 103'276— a basis of about 4 693^. Following are the for the bonds from W. J, Upham Co, of Duluth.
El Paso, Tex.— Bond« Registered.— The State Comptroller
bids:
Hayden.Mnier*Co.,Cleve...|6,13«60| DenlBon, Prior A Co.. ClereTrowbrldiieANlverCo., Chic. 8,127 00
$«.11000
land and Bogton
B. A. Kean, Chloaso
6,186 00 First Nat. Bank. BamesvlUe.. 6.078 00
I
I
LampreobtBros.* Co..UleTe.
6.067 00
on April 5 registered an issue of $50,000 5$ 30-40-year
(optional) schooi-honee bonds dated April 1, 1905,
Emerson (Neb.) School Uisirict.— Bonds Toeed.— This district
has voted to issue |20,OUO school-house bonds.
Evanston (111.) School District.— Bond Blection.—An
Clearwater Coanty, Minn.— Bond Bill Passes Senate.—
The Senate of tbis State has passed a bill (Senate BtU No. election will be held to-day (April 15) to vote on the question
403) authorizing this county to issue bonds for a court house. of issuing $55,000 scbooi bonds,
Falrmoul, W. Ta.— Bond O^ering,— Proposals will be
Cleveland Heights, Ohio.— Bond Sale.— Oa April 11 the
April 26, by a special committee
$35,0C0 i%i ll>^-year (average) water- works bonds de- received until 6 p. M
scribed in V, 80, p. 1191, were awarded to N. W. Halsey & headed by Q W. Kinsey, Mayor, for the $180,000 b% water
Co., Chicago, at 104'628— a basis of about 4^.
bonds voted at the election March 3, Denomination, $500.
,
—
THE CHRONICLE.
1436
May 1, 1905. Interest, semi-annual. Maturity, May 1,
These bonds are to
1985, subject to call after May 1, 1910.
be secured by a first mortgage or deed of trust executed by the
city of Fairmont upon the general water system of the city,
including the reservoir, filtration plant, etc. Certified check
for 2% of the price offered for the bonds, payable to the City
Dite,
Clerk, required. J. Engle is City Clerk.
Faulklon (N. Dak.) School District.—Bond Election.-~An
election will be held April 18 to vote on the question of issuing $2,000 school-hou3e-addltion bonds at not excesding 5^
interest,
Findlay, Ohio.— Bond Oferingr— Proposals will be received
until 12 M, May 8, by W. L. Djmland, City Auditor, for
$10,000 5^ street-intersection bonds. Denomination, $1,000
Date, April 1, 1905. Interest, semi-annual. Maturity, $1,000
yearly on October 1 from 1905 to 1915, inclusive. Accrued
Certified check for 8% of
interest to be paid by purchaser.
the bonds bid for, payable to the City Treasurer, required.
Finuey Countj (P.O. Garden City), Kan.~Bo»d Saie.—
On April 6 this county awarded to Fred. Mima for $9,300 an
issue of $9,000 6% 30-year funding bonds. Denomination,
Date, April 15, 1905. Interest, January and July.
$1,000.
Fosston (Minn.) School District.— Descripiton of Bonds.—
$15,000 4.% sohool bonds which we stated last week had
been sold were taken by the State sohool fund at par. Danomlnatione, two for $2,500 each and one for $10,000. InMaturity, one bond in each of the years 1913,
terest, annual.
1914 and 1915.
Franklin Connty (P.O. Colambas), Ohio.— Band Offering,
—Proposals will be received until 12 m May 8, by the
County Auditor for $30,000 if bridge bonds, Denomination,
Date, May 1, 1905. Interest semi-annually at the
$1,000.
County Treasury. Maturity, $5,000 yearly on May 1, from
1908 to 1911, inclusive. A certified check on a national bank
or a trust company for 1% of the amount of bonds bid for
must be deposited by bidders with Willis Q. Bowland,
County Treasurer. Authority, Ssctions 2325 and 22b, Revised Statutes of Ohio. Bidders must satisfy themselves as
to the legality of the bonds before bidding.
Fronefleld Free Tarnpike No. 49, Tan Wert County,
Ohio.— Bond 8ale.—Oi Apr. 8 the $3,000 4J^« coupon roadimprovement bonds described in V. 80, p. 1253, were awarded
to the People's Savings Bank of Van Wert at par and interThis was the only bid received.
est.
Gardner, Mass. ^Temporary Loan.— On April 10 the $70,-
The
,
000 loan in anticipation of the collection of taxes described
in V. 80, p. 1884, was awarded to Bond & Goodwin of Boston
at S'lQi and $1 premium. Following are the h\d^ :
Bond 4Good"wln (11 premium)... 3-19i( Parkinson & Burr. Boston
S'36%
3-44%
F. 8. Moseley * Co. ($1 25prem.)...3-29% W. O. Gay & Co.. Boiton
I
Jackson & Curtis, Boston
S'!t9% .lose, Parker & Co., Boston
8"B6$
Worcester North Sav. Instltnt'n,
Dean & Shlbley, Prov. ($1 7B
Fitchburg ($5 premium)
8-30)6
premiam)
3 96%
I
I
1
\yOU LXXX.
Henderson County (P. 0. Heiidersoi) Ky.— Bond Election.— Ids s*ated that the Fiscal Court of this couofy has
decided to submit to a vote the question of issniog $18J,000
road and $1(0,000 court-house Ai bonds.
Holly, Mich.— Bond 8ale.—0a April 10 the $5,000 5% sewer
bonds described In V. 80, p. 1334, were awarded to the First
State & Saviogs Bank of Holly at 101 '70, accrued iatereat
and blank bonds. Following are the bids
:
4
Sav. Bk., Holly.»$5,0«5 00
R. Kleybolte4Co., Cliicaso .. 6,110 00
Sec. Sav. Ba.&Tr. Co., Toledo. 5.103 00
H. W. Noble & Co., Detroit.... 5.093 00
W. K. Moss 4 Co., Detroit
5.087 50
6,080 00
O.H Batrd, noUy
W. J. Hayes 4 Sons, Cleve.... 5,C68 00
First State
•
Hoehler 4Cuiijmiugs, Toledo.$5,085 50
Soitier 4 Co., Toledo
5,057 00
Thos.
J.
Bolaer Co.. Chicasro..
Union Trust Co., Detroit
?*. A.
Kean, ChlcaKo
J. M. Holmes, Chicago
Chas. H. Coffin, Chicago
.5,051
00
5,042 25
5,02500
5,010 00
6,001 00
Accrued Interest and blank bonds.
Bands mature $1,000 yearly on Sept.
1
from 1906
to
1910,
inclusive.
Ir(iq-Mls,
OnL—Debejiture Sale.— This place recently sold
lU.rOa i%i debentures to Wood, Gandy& Co. of Toronto for
Maturity, part yearly for 20 years. Other bidders
$11,061.
were G. A. Stimson & Cx, $11,005, and W. C. Brent, $11,003.
J'ickson Connty (P. 0. Jackson), Ohio.— Bond 5a/e.— The
$10,030 i% 25 1-5-year (average) coupon turnpike bonds offered
on April 1 were awarded to M, L, Sternberger, President of
the Commercial Bank of Jackson, at 101 '52. See V. 80, p.
1184, for description of bonds.
Jaflferson County (P. 0.
Stenbenville),
Ohio.— Bo»d
Q^ermg.— Proposals
will be received until 12 m,, April 23, by
George P. Harden, County Auditor, for $50,000 ii infirmary
bonds. Denomination, $500. Dj,te, May 1, 19D5. loterest
sf-m'-annually at the offija of
the County Treasurer.
Maturity as follows: $2,000 each six months from Nov. 1,
190) to May 1, 1910, incluuve; $8,000 each six months from
Nov. 1, 1910, to Nov. 1, 1914, inclusive, except on May 1, 1911,
and Nov. 1, 1918, when $2,000 will mature; $5,000 May 1,
1915.
Certified check for 5% of the gross amount of bonds
bid for, payable to the Commijsioaers of Jaff arson County,
required.
Johnson County, Tex.— Bonds Registered.— O a April 8 the
State Comptroller registered an issue of $5,500 i.i 5-20-year
(optional) bridge-repair bonds dated Feb. 13, 1905.
Joplin, Mo.— Bonds Reawarded.—We are advised that
Co. of Chicago did not take up the $30,000 5%
John Nuveen
5-20-year (optional) electric-light bonds awarded to them on
Oct. 1, 1904, and that the securities were re sold to local
parties on April 1, 1905.
Kennebec Water District, Me.— Bond Sale.— On April 12
the $950,000 d]4% 11% year (average) gold coupon bonds described in V. 80, p. 1»54, were awarded to Lee, Higglnson
Co. of Boston at an average price of 98 141 —a basis of about
Co. of Boston offered 98 016 for the
3'65^.
E H, Gay
bonds.
&
&
&
Garnett, Kan.— Bond 8ale,—Oa April 1 the $26 000 20-year
Leavenirorth County, Kan.— Warrant l8«MS.— This county,
water-works extension bonds described in V. 80, p. 1251, we are informed, has issued warrants (stated amount $80,000)
were awarded to W. S. Fallis of Garnett at 108 308 for 5 per to local banks to take up the fl mating debt.
cents— a basis of about 4 743?;. Following aret he bids
Retiring Bonds.— Regarding a proposition received some
W. S. FalUs, Gamett
$36,827 00 John Nuveen & Co., ChlcaKO.$26,585 00
time
since to refund $1,039,800 5^ and 6% outstanding bonds
MacDonald.McCoy &Co..Chl. 25,827 00 Spltzer & Co., Toledo
25.500 00
in 1909 and in'jl915, the County Clerk says that nothmaturing
Greene Connty (P. 0. Bloomfleld), lad —Bond Sale.—
matter; he adds, however,
The following bids were received on April 8 for the $11,000 ing has as yet been done in theBoard
is about to levy a tax
the County
understands
that
he
6? bridge bonds and the $6,000 promissory note described in
to pay off the $319,600 bonds maturing in 1909.
V. 80, p. 1193:
Liberty Township, Tan Wert County, Ohio. —Bond Sale.—
Bias for $11,000 6% Bonds.
Oa April 3 the $8,000 ij^i roal bonds described in V. 80, p.
Meyer & Riser, Indianapolis. $11,818 00 8. A. Kean. Chicago
111.496 00
H. KJeybolieasUo.. Cincln... 11,89100 J M. Holmes. ChlCBKO
11,440 00 1134, were awarded to Geo. H. Marsh of Van Wert at 100 95
J. V. Wild 4 Co., Ind'apolis.
11,832 no Oscar W. Shryer
11,220 00
—a basis of about 4 '40^.
E. D. Bash 4 Co.. Indian'lls.. 11,715 00 First Nat. Bank. Barnesvllle. 11.101 00
Beasonsrood 4 Mayer, Clncln. ll,6Bl 00 Citizens' State Bank, BloomLong Beach, Cal.— Bonds Awarded. —The $30,000 6% 1-15Well.
:
I
1
.
.
Roth & Co. Cincin
11,07.^00
held (fores)
A. Kleytolte&Co.. Clncln... ll.fSSOO Geo. M. Notter
11,026 00
11,000 00
Bids for $0,000 Notes.
Oscar
W. Shryer
$6,030 00
|
Well,
Roth
&
Co., Clncln.
16,140 00
&
Tbe $11,003 bonds wf»re awarded to Meyer
Klser and the
$6,000 notes to Oscar W. Shryer.
tilreenwood. Miss.— Bond .EJ/ecf ion.— The City Council has
ordered an election to vote on the question of issuing the
$50,000 street-paving bonds mentioned la V. 80, p. 1254.
Bonds Voted. This city on April 4
(jlnnnison, Colo.
voted to issue $100,000 water and light bonds.
Hamilton, Ont.—Dehsnture O^ertngf.— Proposals will be
received until 4 P. M April 20, by T. Beasley, City Clerk, for
$65,C03 4^ debentures maturing part yearly for twenty years.
Hampshire, 111.— Bond Election.— It is stated that on
April 18 this village will vote on the question of issuing
$3,030 sidewalk bonds.
Hartford, Conn,— Bond Offering. Further details are at
—
,
—
required.
amonu
notice of this bond offering will be found
the advertisements elsewhere in this Department,
otJUeial
Haskell (Tex.) Independent School
&
80, p. 1384, for list of bids.
La.— Bond
Q^ering'.- Proposals will be received
Williams, Mayor, for the $20,000 5%
water bonds offered without success on March 14. Ddnomination, $500, Date, May 1, 1905, Interest semi-annually at
Mansfield and New York City. Maturity, 43 years. Bonded
debt, this issue. Assessed valuation, $348,830; real value,
Mansfield,
May
until
1
by
J. L.
$570,000.
Marion, S. d.-Bond Sale.— The $30,000 5^ sewer bonds
mentioned in V. 80, p. 1015, have been sold to N. W. Harris
& Co. of Chicago. Denomination, $l,O0O. Dite, D.'c. 30,
Interest, semi-annual, Maturity, Dic. 20, 1944, sub1904,
tocallD.c 20, 1934.
Medina Connty (P. 0. Mediaa), Ohio.— Bond 0#ermgf.—
Proposals win be received until i2m., April 17, by W, H,
33^^
Hobart, County Auditor, for $4,000 5% Liverpool bridge im-
hand relative to the offering on May 3 of $1,000,000
Contesticut River gold bridge bonds. Proposals for these
bonds win be received until 2 p. m. on that day by Charles
H. Slocum, City Treasurer. Denomination, $1,000. Date,
June 1, 1905. Interest, semi-annnai. Maturity, June 1,
1935.
Securities will be issued as coupon bonds registerable
at the option of the holder, Certified check for 2^ of the par
value of the bonds bid for, payable to the City Treasurer,
The
year (serial) convention- hall bonds, bids for whlcli were
opened on March 27, have been awarded lo E. H. Boliins
Sons of San Francisco, the highest bidder, at 106 '75. See V.
District.- Bonds
Regi.'itered.-An issue of $14,5'J0 5i school-house bonds was
registered by the State Comptroller on Apr. 8. Bonds are
dated Feb. 15, 1905, and will mature in 40 years, subject to
call $7,600 in five years and $7,000 in ten years.
iecr,
Dite, April 15,
at the office of the
Treasurer. Maturity, $2,000 Ma'-ch 1, 1908, and $2,000
Certified check for 5% of bid, payable to the
1906.
provement bonds.
Interest,
1935.
Couaty
Sept.
1,
Dinomlnatlon, $500.
March
1
and Sept.
Connty Treasurer, required.
Miami County (P. 0. Troy), Ohio
1,
—Bond
OJering. -Pro-
be received uatii 12 M April 22, by the County
Commiasioaers, care of E. E. Pearson, County Auditor, for
$10,900 5% ditch bonds as follows:
posals
win
,
13 800 5t MoMakon ditch bonda. Deuomlnations. 1200 and $300. Maturity.
$iOO Ju,y I.IUOA; 1400 Jan. 1, iUj6; floOJuly 1. IOjO, and $300 each six
moattiB thcrouf tor.
Donomlnatlons, 1300 and $300. Maturity, same
as tlie iVIoMuken ditoh bonds.
8,530 5% HosbubaiKer ditch bonds. Deuominationa. $H)0 and 1300. Matarlly,
$1(10 ench six months from July 1, 19u6, to July 1, 1007, Inclusive, and
$300 thereafter.
5C0 6)t Jay ditoh bonds. Dcnomlaatioa, $100. Maturity, $100 yearly, bedlnnhiK Jan J. 1«0U.
800 6% Jones ditch bonds. Denomination, $100. Maturity, $103 yearly, b«((InnlDK Jan. 1. I\tu0.
3,300 5«(lirbry ditch bonds.
:
Apr.
—
—
.:
THE CHRONICLE.
15, 1905. j
ATI bonds are dated Jan. 1, 19'i5 and the iateresb will be
payable semianuually at the offioa of tha County Treasurer. Anthority for issue, Sections 4479, 4481 and 4482 Rjvifed Statutes of Oaio. Cash o: certlfl 3d check for $300 required,
Milwaukee, Wis.— Bonds Voted.—The election April 4 resulted in favor of the propositions to issue §185,000 Ktnnlcbinnic Avenue bridge and $10,000 police-departmant
bonds.
MoDClOTa TowBghip School District, Lae&B Couoty, 0.—
BondSaie,— On April 8 the $4,000 5^ 1-4 year (serial) school
bonds described ia V. 80, p. 1255, were awarded to the New
First Nation :il Bank of Columbus at 101 "125 and Interest.
Following are the bids :
New Igt Nat.
B'fe.Colnmbns.. $4,045 00
Hoehler&Cummlngs, Toledo.
4,029 60
I
|
First Nat. Bank, Barnesville. .$4,02« 00
8ecnrity Sav. Bank, Toledo... 4,020 00
bonds bid
for,
143:
payable to the "Treasurer of the City of
Paineaville," required.
Palisade Irrigation Dl8trit;t (P. 0. Palisade), Colo.—
3 the $160,000 6^ pumping-plant-buildicg bonds mentioned in V. 83, p. 1255, were awarded to R.
D. Monson ot Chicago at 95. Danominations, $100 and $500.
Date, April 1, 1905. Interest, semi-annual. Maturity, " 11
Bond Sale.-Oa April
and 20 years "
Perry County, Miss.-Bond Sale.— Oa April 3 the $50,000
1 25-year (serial) bric^ge bonds mentioned in V. 89, p. 1194,
were sold to F. R, Fulton «& Co. of Chicago for $52,625 for 53.
Pip98tOEe, SLlnn.— Bonds Fofed.—Tb.e proposition to issue
$15,000 sewer bonis carried at the recant election
Pitt8ton(Pfl.) School District— Bond aale.— The $13,000
30-year coupon bonds offered on April 1 have been awarded
to Trowbridge & Niver Co., CWcago, for $13,131. See V.
a
Montana.— Sond Sale— All bids received April 5 for the 8), p. 1256 for description of bonds.
Plymouth, Mass,— iBond ."^aie.— On April 8 th3 $25,000
$75,000 5 S 10-20-year (optional) State Normal School bonds
described in V. 80, p. 1135, were rejected and the bonds sub- school, $5,000 water and $5,030 water d}4% 1-10 year (aerial)
sequently awarded to the State Land Board on, it is stated, bonds Ofscribed in V. 80, p. 1386, were awarded to Jose
Parker
Co. of Boston at 100-166. Following are the bids:
a iour-per-cent basis.
New Hayen, Conn.— Temporary Loan.— This city has nego- Jose, Parker & Co.. Boston. .$36,058 20 Geo. A. Fernald & Co., Boat.. $35,007 O"
tiated a loan of $75,030 at 3>^^ discount with Frank E Jenni- Blake Bros. & Co., Boston.... 35,031 6C
Plymouth (Pa.) School Di8trict.—Bond Sa/e.— On April
son of New York City. Loan matures August 10, 1905.
^'ewton Coumty, lad.— Bond Sale^—Oi April 3 the $25,000 10 the $30,000 4^ coupon school-building bonds described in
5i court-house bonds described in V. 8 J, p. 1015, were award- V. SO, p. 1256, were awarded at par, $1,500 to the Knights of
Niver Co. of
ed to J. F. Wild& Co. of Indianapolis at 109 004 and ac- Malta of Plymouth and $28,500.to Trowbridge
crued interest— a basis of about 3*816^. Maturity, $2,000 Chicago.
Pomeroy, Olilo. Description of Bonds and Terms of
yearly on Jan. 1 from 1907 to 1918, inclusive, and $1,000
AwarA. In the Chronicle last week we stated that the
Jan. 1, 1919. Following are the bids
$12,340 street-improvement bonds awarded on February 12 to
Pr mium
Prfmium.
$ ,500 On
3. F. WUd & Co.,Indtan'lis... .12,251 00 State Sav Bank, Toledo
W. R. Todd Co. of Cincinnati were subsequently refused
B. KlsTbolie &Co.,.Cincin.... 2,105 00 K. H. RolUns & Sons, Chic... 1,452 50
by
the firm and the bonds re-awarded at private sale.
00
00
Chicago.
1,405
2,085
8.
A.
Kean,
E. T>. Bash &Co.,Ind'apoli8....
N. W. Harris & Co-.iChlcago.. 2,ul0 00 F. L. Fuller & Co., Clevelaad.. 1,876 00 have since learned that the bonds were disposed of to the
1,25100
Meyer & Kiser, Indianapolis. 2,006 00 Otoas. H. Coffin, Chicago
875 00 New First National Bank of Columbus at par for five per
W. J. Hayea * Sons, Cleve.... 1,782 Oo B.C. Case Kentland
7500')
1,76765 A. B.McKeen, Kentland
Beasongood 4 Mayer, Cln
cents. Denomination, $603 except one bond for $940. Date,
1.765 00 TrowbrlclKe&NlverCo.,Chlc..
807 00
B. M. Campbell A Co., Ind'lls
April 1, 1905. Interest, March and September. Maturity,
Union Sav. Bk. & Tr. Co., Cln.. 1,512 00
March 1, 1915.
following
of
issues
New York City. Bond Issues. The
Port Chester (Tillage), N. Y.— Bond Sale.~The $29,250
corporate stock of New York City were taken by the sinking
gold King Street macadamizing bonds offered on April 10
fund as investments during the month of March :
York, for
were awarded to Rudolph Kleybolte
Co.,
Int'at Rate, Maturity.
Atnotmt. $1,889 88 premium and accrued interest for 4 per cents. FolPurpose.
1954
$2,500
Expenses Commis'erg of Estimate and Assess.. 3
lowing are the bids
3
3954
1.000
Cathedral Parkway between 5th and 7th aves..
3
1964
Armory fund
9,000
$29,253 50
••"
R. Kleybolte & ( For 3-70s. .$29,310 00 N. W. Halsey & Co., N. Y
3
1951
400,000
Dock fand
(For 4s
30,639 381 W. R.Todd * Co., Clnrlnnatl, 29,350 00
Co., N, Y
1954
l.SCO
Change of grade. Dam. Com. 23d and 24th wards 3
30,57a 68 Portchester Sav. Bank
Sons,
Cleve...
W.J.
Hayes*
Drainage and sewerage district plans, Bronx... 3
1951
8.600
Kotmtze Bros., New York... 29,>«35 00| S. A. Kean, Chloaro
3
1954
Department Public Charities, building fund
10,000
Bonds mature $250 April 1, 1906, and $1,003 yearly thereTotal
M32,600
For further description see V. 80, p. 1386.
after.
Bond Offering, Proposals will be received until 2 p. m.,
Portland, Mich. Bond Offering. It is stated that bids
April 24, by Edward M. Grout,City Comptroller, for $25,- will be received until April 17 by the Village Council for
000,000 Z)4% gold registered or coupon corporate stock, as $5,000 village-hall bonds.
Prospect. Ohio.— Bond Sale.— On April 10 the $2,500 5%
follows
4 1-5 year (average) smallpox debt-extension bonds de116,000,000 SHU corporate stoak for various municipal purposes. Maturity,
CumNov. 1. 1964. Exempt from all taxation except for State purposes. scribed in V. 80, p. 1136, were awarded to Haehler
2,500,000 8^< corporate stock for water purposes. Maturity, Nov. 1, 1964.
mings of Toledo at 102 '10 and interest.
bid of 101 -72 and
Exempt from all taxation except for State purposes.
interest was also received from the Security Savings Bank
2,500,000 9%% corporate stock for Rapid Transit Railroad. Maturity. Nov. 1,
1954. This will make $46,116,000 bonds Issued to date. Exempt
Trust Co. of Toledo.
from all taxation except for State purposes.
Putnam County (P. 0. Ottawa), Ohio,—Bond Sate.— On
1,000,000 8H* corporate stocn for the construction of a building in Bryant
Park for the New York Public Library, Astor, Lenox and Ttlden April 8 the $62,000 5^ 5*9-year (average) road-improvement
foundations. Maturity, Nov. 1, 1954. Exempt from all taxation.
bonds described in V. 80, p. 1256, were awarded to Rudolph
3,000,000 8H% assessment bonds, maturing Nov. 1, 1914. Exempt from ail
taxation except for State purposes.
Kleybolte
Co. of Cincinnati at 105*65. Following are the
laterest in all cases semi-annually on May 1 and Nov. 1.
bids:
Premium.
Premium.
Either money or a certified check, drawn to the order of
&
I
|
&
—
.
.
&
1
We
.
—
&
New
:
. .
I
I
—
—
&
A
&
&
R. Kleybolte
the City Comptroller, for 2% of the par value of the bonds
or stock bid for, must accompany proposals.
Chapter 274 of the Laws of 1904, which applies to the sale
bonds of the City of Naw York, provides that "all-ornone" bids cannot be considered by tha Comptroller unless
the bidder offering to purchase "all or none" of the bonds
offered for sale shall also offer to purchase "all or any part"
of
thereof.
Under the City Charter,
registered bonds
may
be issued
in denominations of $10 or
The offlcial notice of this
any multiple thereof.
bond offering will be found among
the advertisements elsewhere in this Department.
Oneida, N. l.—Bond Offering —Proposals will be received
until 6 p. M., April 26, by C. M. Ruggles, City Clerk, for
$51,000 83^^ coupon or registered refunding water bonds.
Denomination, $3,r00 Date, July 1, 1905. Interest quarterly
in Oaeida or New York City.
Maturity, $3,000 yearly from
July 1, 1903, to July 1. 1930, inclusive. A certified check for
$1:0C0, payable to the City Chamberlain, required. Authority
for issue, Section 7 of the General Municipal Law,
Bjnds
are exempt from taxas.
Orongo, SLo.—Bond Q^ering.— Proposals will be received
until May 15, by the City Clerk, for $10,000 water bonds.
Securities were authorized, by a vote of 282 to 11, at election
held February 28.
Palnesville, Ohio.— Bond O^tjrtnflf.— Proposals will be re^^ ^•' ^^y 1« ^y E. J Lynch, City Auditor, for
£«W«°°*^^
$30,000 5% street-improvement bonds. Danomination, $500.
Date, April 1, 1905. Interest semi-annually at the Painesville National Bank.
Maturity, $510 each six months from
April 1, 1908, to Oct. 1, 1915, inclusive; $1,000 on April 1 and
Oct. 1 of the years 1916 and 1917; $1,500 on April 1 and Oct.
1 of the years 1918 and 1919; $1,0C0 on April 1 and Oct. 1 of
the year 1920. Bids to be made on blank forms furnished by
the City Auditor. Certified check for 5% of the amount of
& Co., Cincln.
& Co. .Chicago.
. .
Farson, Leach
Seasongood & Mayer, Clnoln.
A. Kleybolte & Co., Cincln.
W. J. Uayes It Sons. Cleve...
.
W.
.
E. Moss & Co., Detroit ...
Mason, Lewis & Co.. Chicago.
Hoehler&Cummings, Toledo
Sec. Sav. Bk.* Tr. Co.,Toledo.
Hayden, Miller & Co., Cleve.
$3,603
8,397
3,385
3,163
8,1C7
2,954
2,877
2,842
00
60
60
CO
00
80
OO
50
00
2,784 20
2,8
'1
DenlBon, Prior & Co., Cleveland and Boston
$2,763 60
Lamprecht Bros.&Co., Cleve. 2,7c 9 40
Prov. Sav. Bk. & Tr. Co., Cln. 2,850 60
2,600 00
Well, Roth * Co., Clnoln
Union Sav. Bk. ATr.Co.Cin. 2,56100
B'k,
Columbus.
2,418 00
New Ist Nat.
2.349 80
Albert C. Case. New Tork
F. L. Fuller & Co., Cleveland. 2,176 20
W. R.Todd & Co., Cincinnati. 1,800 00
.
. .
Rochester, N. Y.—Bond O/'ering'.— Proposals will be received until 11 A, M , April 24, by Samuel B. Williams, City
Comptroller, for the $410,000 3i^i registered refunding water
bonds mentioned in last week's Chronicle. Authority,
Chapter 118 Laws of 1905. Denomination, $5,000. Date,
May 1, 1905, Interest semi-annually at the Union Trust Co.,
New York
Maturity, May 1, 1935. Bonds will be
certified to as to genuineness by the United States Mortgage
& Trust Co,, New York City. Certified check on an incorporated bank or trust company for 2i of the amount of bonds
bid for, payable to the Comptroller of the city of Rochester,
City.
required.
The
offlcial
notice of this
bond offering
will
be found
among the advertisements elsewhere in this Department.
Rocky Riyer, Ohio.— Bond Sale.—Oa April 6 the $3,118 5i
Blount Street and $2,238 5 J North Ridge Road bonds were
awarded to the Rocky River Savings & Banking Co. for
$2,133 and $2,233 and interest, respectively. W. J. Hayes &
Sons of Cleveland offered $4,437 for both issues and the
Bank & Trust Co. $4,396 for both. Interest
be payable April 1 and Ootober 1 at the Rocky River
Savings Bank. Maturity, one bond yearly on October 1 from
Security Savings
will
1905 to 1910, inclusive.
Rome, N. l.—Bond Sate.— On April 1 $16,696 10 4i street
bonds were awarded to the Oneida County Savings Bank at
ICO 25.
Denominations, two for $4,174 02 and two for
Maturity,
$4,174 03. Date, April 1, 1905, Interest, annual.
one bond yearly from 1908 to 1939, inclusive.
———
:
6
THE CHRONICLE.
1438
RoMdale (Kan.) School District.— Bonds Voted.— Thla district has voted to issue $25,000 high- school bonds.
Sagrinaw, Mich.— JSond Offering. Proposals will be reSeyffardt, City Compceived UQtll 2 p. M , April 17, by
troller, for $60,000 S^% water refunding bonda of the Eastern Taxing District. Denoniination, $1,000. Date, May 1,
Interest semi- annually at office of City Treasurer or
1905.
York City. Maturity,
at the current official bank in
certified check for 2% of the par value of
May 1, 1935.
York draft),
bonds bid for on some Saginaw bank (or
payable to the City Treasurer, required. Delivery of bonds
to be at the risk and Pipense of purchaser and must be paid
York exchange or equivalent with accrued interfor in
est to date of delivery.
St. Joseph, Mich,— Bond Sale.— Oa April 8 the $10,000
bridge bonds maturing July 1, 1925, subject to call July 1,
bona, Cleveland, at
1915, were awarded to W. J. Hayes
100'05 and interest for four per cents. Following are the
—
Wm.
New
A
New
New
&
bids:
For i%% Bonda— (Cont.i
For i% Bonds.
W.J. Hares & Sons, i;ieve...f 10.005 oo Well, Roth & Co., Clncin
$10,173
10.161
N. W. Harrl* 4 Co., Chicago. lO.OCOOO 0. H. Coffln, ("hIcaKO.,
MacDon*ld, McCoy* Co..Chl. 10,000 oe Hoehler4CumnifDe8. Toledo 10,147
00
<iO
60
york.... 1<M09 00
NlverC<)..Chlo. 10,013 00
For 4J4J Bnnas.
Albert C. Case.
New
H. W. Noble & Co., Detroit. 10,313 00 Trowbridge A
W. B. Mo8« A Co.. Detroit.... 10.311 86 Com. Nat. Bank, St. Joseph.. lOOOuOO
lo,30« 60
For ft Bona*.
Union Trtjst Co., Detroit
lO.xCSoo Sec. Sav Bk.4Tr. Co,.Toledo. 10,700 00
Spltier 4 Co.. Toledo
1U,6I8 00
10,«76 00 Albert C. Case, New York
Mason, Lewis 4 Co., Chic
10,487 50
BeasonKOod 4 Mayer, Clnoin. 10,256 00 Hoehler & CummiDgs, Tol.
.
[Vol. lxxx.
Cent Savings Bank of Salem at
Denomination,
100*383,
March 1, 1905. Interest, semi-annual.
Salem, N. f.— Bond OJTerinflr.— Proposals will be received
until 7:80 P. M., May 19, by Frank A. Hill. Village Clerk, for
$11,000 4« scoool-improvement bonds of Union Free School
Date,
$1,500.
District No. 13, as follows
:
S6,CO0 bonds, dated July 1, 1906, and maturing tl.OOO yearly
1909 to 1913, li elusive. Denomination, $l,iiOO.
6,000 bonds, dated Aug. 1, 1905, and maturing $1,000 yearly
1914 to 1919, Inclusive. Denomination, 91,000.
on July
1
from
on Aug. 1 from
These bonda have been legalized by the State Legislature
(Chapter 84, Laws of 1905). Interest will be payable annually.
At the same time and place proposals will be received for
$3,500 i% school-improvement bonds of the village. Denominations, one for $500 and two for $1,000 each.
Date, June 1,
1905,
Maturity, one bond yearly ou June 1 from 1906 to
1908, inclusive.
Certified check for 2% of the par value of the bonds, payable to the Treasnrer of the village of Salem, r^^qalred.
Santa Ana, Cal. Bond Sale.~lt is sta'ed that this olty recently disposed of the $60,000 ^\0, electric-light and power
bonds offered but not awarded on Nov. 16, 1903.
Santa Kosa, (;al. Bonds Voted.— At an election held in
this city March 28 the people authorized the Issuatice of the
bonds meationed in V. 80, p. 1195. The vote was as follows:
. . .
See V.
fiO,
p. 1074, for description of
bonds.
St. J^isepb Coni»!y(F. 0. South Bend), Ind.— Bond Offering. -Vtot^o^siXb will be receivfcd until 10 A. M., May 9. by
John W. Harbou, County Auditor, for the $100,000 3^^
coupon bridge bonds mentioned in last week's Chronicle,
page 1387. Denomination, $1,000. Date, May 1. I90fj. Id
teresfc semi-annually at the Chemical National Bank,
York City. Maturity, $10,000 yearly on May 1 from 1912 to
1921, inclusive, Proposals must be made on fcroas furnished
by the City Auditor. Certified check on a national bank in
South Bend for 8^ of the bonds to be sold required. Bids are
to include printing of bonds and accrued interest to date of
delivery.
New
Salem, Mass.- Pond 8ale.-0a April 4 $15,000 8J^« 1-10year (serial) water-miic bonde were awarded to the Five
NEW
For.
.
.
»72,600 sewer bonds
72,500 water bonds
951
940
For.
Against.
973
108 |50,no0 street bonds
5,000 flre-engine bonds.9i>9
119l
I
Against.
98
59
Bonds carry 4 per cent interest.
Scotia, Schenectady tonnty, N, T.— Bond 0#ertn(;.— Proposals will be received until 1 p. M,, May 1, by H. V. Myndersa, President, for $50,000 65^ coupon water bonda. Denom-
May 1, 1905. Interest semi aonually
at the Schenectadv Trust Co., Schenpctady. Maturity, $2,000 yearly on Feb. 1 from 1910 to 1934,
inclusive.
Scranton, Pa. Bond Offering.— Prnpoesbls will be received
until
April 28, by Elward Eisele, City Comptroller,
for $330,0U0 4% judgment funding bonds. Securities will be
registered as to principal with coupons payable to bearer if
rf quested by the purchaser at the time of bid; otherwise they
will be ipsued in registered form both as to principal and
ination, $1,000
on Feb.
1
Dste,
and Aug.
1
4pm,
NEW
LOANS.
LOANS.
^410,000.
$25,000,000
NEW YORK CITY 3^%
TAX EXEMPT GOLD BONDS
To be sold Monday, April 24, 1905,
as follows
$21,000,000 Corporate Stock Payable
in
50 years.
$3,000 000 Assessment Bonds Payable in 10 years.
EXEMPT FROM TAXATION, EXCEPT FOR STATE PURPOSES.
$1,000,000 Corporate Stock Payable in 50 years.
BXEJMiPT PROM ALL TAXATION.
Issued in
Coupon or Registered Form.
Interchangeable at will after purchase.
OFFERED DIRECT TO
INVESTORS.
Tbese securities are a legal Investment for Trust Funds.
Chapter 274 of the Jjawa of 1904, ^vhich applies to the sale of Bonds of the
City of New York, provides that "all or none" bids cannot be considered by the
Controller unless the bidder offering to purchase "all or none" of the Bonds oflTered
for sale shall also offer to purchase "all or any part" thereof.
Send bids in a sealed envelope, enclosed in an addressed envelope. A DEPOSIT
OF TWO PEtR CENT. OF THE PAR VALUE OF BONDtS BID FOR MUST ACCOMPANY BIDS. Such deposit must be in money or certified check upon a solvent
Banking Corporation.
For fuller information see "City Record," published at 2 City Hall. New York.
Consult any Bank or Trust Company, or address
EDWARD
Co.-:i
)troI!er City of
New
M.
GROUT,
York, 280 Broadway,
New
York.
The City
of Rochester, N. Y.,
B}4% Water Funding Loan Bonds.
Sealed propoaals will be received by tbe undersigned until XI A.M., MONDAY, APRIL 24. It05,
for the purchase of $410.0(^0 .S!«% registered Water
Funding Loan Bonds of the CITY OF ROi HESTKR,
N. Y.. authorized by Chapter 118 of me l.awsof 1906.
Bonds to be of the denonjtnatlon of $5 Oi each, to
be dated May 1. 1906, to mature SO years after date
without option of prior redemption Interest payable semi-annually. May 1 snd November L Both
principal and interest payable at ttie Union Trust
in New York City. A certified check on an
Incorporated Bank or Trust Company for two per
cent of the amount of the bonds old for, payable to
the order of the Comptroller of the City of Rochester, N. Y., must accompany each bid.
The bonds will be engraved under the supervision
of and certified as to genuineness by the United
States Mortgage & Trust Co.
Company
The
right
is
resei
ved to reject any or
all bids.
Any lurther information required than is contained in tbe financial statement will be furnished
on application.
Ftnanotal Statement ot The City of Roobester, ^ew York, April I'i, IWU5.
Asseseed Valuation,
Personal Prop$8,361,05000
erty
Assessed
Valuation, Real and B^an-
$114,802,180 00
$1! ,430.219 00
chiso Taxes
BorrowlD jt capacity. 10^.
Bonded Indebtedness
$9,670,000 00
1,681,000 00
Temporary Loans
$ll,Z0"l,0C0
Less
Cash
in
00
Sinking
Fund
B37.16808
10,e63,83194
Amount within the
$766,387
limit
The amount of Bonds issued on account of Water Supply included in
Bonded indebted
ess
is
(
„ „ „«
$5,870,0C0 00
The amount of certificates of indebtedness on account of Water Supply in-
$669,000 00
eluded In Temporary Loans is
This includes the sum of $41o,000 which will be
retired by the issue of bonds Mav Ist, leaving 14.684.8i<l 91 for gross Indebteduess of the City outside
of water debt.
The present value of Water Works would pay
twice the em Ire Indebtedness of the City.
The Temporary Loans do not Include the amount
borrowed for cuirpnt expensesof the City from Jan.
This amount ($«00,0lo) will
1, 190.^, to May 1, 1905.
be paid out of tbe General Cltv Tax due May 1.
Population (Census, 1900) ie2,e00. At least 186,000
would be nearer correct.
The City has never defaulted in its payment of
principal or Interest.
8AMUBL
B.
WILLIAMS.
Comptroller.
Blodget, Merritt
&
Co., MUNICIPAL AND RAILROAD
BANKERS
16
36
Congress Street, Boston.
MASSAC 8TKEBT. MBW
YOtLH..
BONDS.
LIST ON APPLICATION.
SEASONGOOD & MAYEK,
mercantile Library Bnlldlnic,
TATE. CITT * BAILBOAD B0ND8,
CINCINNATI.
Rochester, N. Y., April
12, 1905.
BONDS
smK CERTIFICATES
Also
Handsomely engraved;
steel-plate effect.
liind, partly lithographed and partly
printed from type. 100 Stock Certificates, $8 to
|2S: the latter engraved with steel-plate borders
eleganu Seal Press, if with Certificates, $1 60.
the cheaper
—
ALBEBT B. KING & CO., 112 William St., N.T.
Engravers and Lithographers.
(Telephone.)
Ape.
THE CHRONICLE.
15, 1905.]
Date, April 1,1905. Interinterest. Denomination, |1, 000.
est semi- annually at the ofSce of the City Treasurer. Maturity, $55,000 on April 1 in each of the years 1910, 1915, 1920,
York draft for |2,000,
1925, 1980 and 1935. Cash or
made payable to F. S. Barker, City Treasurer, required.
Bonds will be certified as to genuineness by the United
York, Accrued interTrust Co. of
States Mortgage
est to date of delivery must be paid by purchaser.
Seafortb, Oat,—Debenture Election.— An election will be
held April 25 to vote on a by-law to issue $19,800 il4% 20year
debentures to purchase the plant of the Seaforth Electric
Power Co. Interest annually in April.
Light, Heat
New
&
New
&
Sedalia(Mu.) School District.— Bond Sai«.-The following bids were received April 10 for the $25,000 ^% 20-year
coupon funding bonds described in V. 80, p, 1195
N.W. HarriiA Co..Cliic»KO....$26,265 N W.Halsey *Co.,ChloaBO
$86,016
25,102 Chas. H. Coffln. Chicago
86.011
Wm. R. Compton. Macon
W. J. Hayes & etons, Cleyeland. 26.082 MaoDonald, McCoy & Co., Chlo. 21,6&0
:
I
1
S.
A. Kean, Ctiicaeo
85,025
|
Sooth Omaha, Neb.— Bands Foted.—The proposition to
and $40,000 park bonds carried at the
issue $70 000 city- hall
election held April 4.
Sparks School District No. 29, Washoe Coanty, Nev.—
Bond Sale.—Oa April 4 $35,000 b% school bonds of this district were awarded to the Washoe County Bank of Reno at
par and interest. Denomination, $1,000, Date, July 1, 1906.
Interest, semi-annual, Maturity, $1,000 in 1908 and $2,000
1439
StenbeDTille (Ohio) School
;
I
|
Farson. Leach
W.J.Hayes &
& Co., Chic... 20,414 00
Sons, Cleve... 29,886 00
Loan matures
$15,000
I
I
March
1924,
Cent. Tr
&
Safe Dep.Co.,Cln. 28.465 80
Co.. Cinoln.... 28,126 00
W. R.Todd &
1,
1928,
and $18,000 March
1,
—Following are the bids received
H 10-39-year (serial) water-supply
Springfleid, Tt.— Bids.
April 6 lor the $150,000
bonds awarded, as stated last week, to N. W. Harris & Co.
New York:
N. W. Harris & Co., New York. .101-066 Nat. Bank of White River Jet.. 100 mk
B. C. Stanwood & Co., Boston.. 100-56
8. A. Kean, CtaloaKO
lOO'lO
Geo. A. Fernald & Co., Boston. .100*686
of
NEW
&
accrued
interest.
Tekamah, Neb.— Bond* Fo<ed,— At a
March 7 this city, by a vote of 136 to
.
.
30,350 Palne*Co
Trowbridge &lNiver < For Ss
Co., Chicago
iFor4J^».. 28,980 Prltchard, Stone & Co., Thief
30,000
H.E.Magraw
River Falls (for 41^8)
Cliag. H. Coffin, Chicago
First Nat. Bank, Thief River
29,060 Minn. Ln.& Tr.Co.,Mlnn'll8....
Falls
MaoDonald, McCoy & Co., Chic. 29,321 F.S. Fuller
H.
Hartford. Conn., April
SLOCUM,
City Treasurer.
12, 1805.
ERVIN & COMPANY,
BANKERS,
Members 5^^^
Denomination, $1,000.
I
BO]VDS
FOR INVESTMENT.
43 Exchange Place,
New
York.
Drexel Building,
Philadelphia.
Date, Jan.
Interest semi-
1, 1905.
LOANS.
BONDS
OF THE
STATE OF NEW YORK
FOR
CANAL IMPROVEMENT.
EXEMPT FROM TAXATION.
Notice is hereby given that pursuant to the provisions of Chapter 147 of the Laws of 1903, sealed
proposals will be received at the office of the
State Comptroller, in the City of ALBANY, nntU
THURSDAY, APRIL 20, 1905, at twelve o'clock,
noon, of that day, for the purchase in whole or In
part of
Two
Million Dollars in Bonds
to be issued by the people of the State of New York,
in either registered or coupon form, at the option of
the purchaser, bearing interest at the rate of Three
Per Cent per annum from January 1, 1906, payable
semi-annually on the first days of January and July
of each year, and the principal payable on the first
day of January lu the year 1923. Principal and
interest payable In gold coin of the United States of
America, of the present standard of weight and
fineness, at the Bank of the Manhattan Company in
the city of New York.
Coupon bonds will be Issued in the denomination
One Thousand Dollars and registered bonds in
denominations of One Thousand, Five Thousand,
Ten Thousand and Fifty Thousand Dollars.
A sinking fund U established by said Act for the
extinguishment of the Indebtedness created by the
sale of the aforesaid bonds and for the payment of
the Interest thereon as the same become due.
of
The Bonds are exempt from
KINC,
HODENPYL &
CO.,
BANKERS,
7
Wall Street,
New York.
draft upon a bank or trust company of the city of
Albany or New York, payable to the order of the
Comptroller of the State of New York, for at least
two per cent of the par value of the bonds bid for.
All proposals, together with the security deposits,
must be sealed and endorsed " Loan for Canal
Improvement" and inclosed in a sealed envelope
directed to the "Comptroller of the State of New
York, Albany."
The successful bidder or bidders will be required
to pay for the bonds, on the acceptance of the proposal, by deposit in the Bank of the Manhattan
Company in the City of New York to the credit of
"Treasurer of the Slate of New York on account of
the Canal Fund," of the amount of the award, together with premium and accrued Interest from
January 1, 1906, less the amount of the deposit of
such successful bidder or bidders, which will be applied toward the payment for the bonds. All other
deposits will be returned by mail to the respective
bidders within three days after the bonds have been
awarded, unless different instructions to the Comptroller
as to the return of the deposit are duly
given.
The Comptroller reserves the
right to reject any
bids which are not In his opinion advantageous
to the interests of the State.
or
all
OTTO KELSBY, Comptroller.
taxation.
be accepted for less than the par
No
value of the bonds nor unless accompanied by a
deposit of money or by a certified check or bank
proposal will
^"""^ Stock
Exchange,
Philadelphia Stock Exchange.
.
88,550
28,376
28.800
28,000
Topeka (Kansas) School District.— Bond 0#ering.—The
Board of Education desires to sell at private Bale $78,600 4^
coupon bonds to complete and equip certain school buildings.
NEW
Connecticut Biver Bridge Bonds.
CHAS
8»,800
insufficient for the construction of the school building required. Another election will probably be held in the near
future, when the'question of issuing a larger amount of bonds
will be submitted to the people.
City of Hartford, Connecticut,
These bonds are authorized by the Legislature of
the State of Connecticut, and by the Court of Common Council of the City of Hartford, and are for the
purpose of providing funds for the building of a
bridge across the Connecticut River at Hartford,
and the approaches thereto.
TheeebondBwlll be issued as coupon bonds of $1,000
«ach, and registerable at the option of the holder,
both as to principal and interest, by surrender of
unpaid coupons and registration endorsed on bond.
Payments In full to be made by certified checks
and bonds to be delivered June 1, 1806, at the City
Treasurer's office, or in case the bonds are not
ready for delivery at such time, temporary receipts
will be Issued.
The right Is reserved by the Mayor and Treasurer,
acting jointly, to reject any or all bids. Bids less
thin par will not be considered.
Proposals must be accompanied by certified check,
payable to the order of the City Treasurer, for two
per cent of the par value of the bonds bid for, as a
guaranty of good faith. On acceptance of bid or
bids, all checks so deposited will be returned to the
depositors except those of the successful bidders,
which will be held, considered and accepted as part
payment for the bonds as award 3d or sold.
. . .
TicoBderoga Union Free School District No. 5, Essex
County, N. Y.— Bonds Withdrawn,— We are advised tnat the
$45,000 4^ school bonds advertised for sale on April 10 were
withdrawn from the market, as the amount was found to be
^1,000,000
ness.
special election held
82, decided to issue
$10,000 electric light plant bonds.
Thief Biver Falls, Minn.— Bids,- Following are the bids
received April 3 for the $28,000 5% water and sewer bonds described in V. 80, p. 1257 :
Wells, Dickey
& 5 For 68 $30,575 n.,M. Stoddard* Co., Minn.... $28,826
Co
iFor 4^s.. a8.787 W\J. Hayes* Sons, Cleve
38,816
LOANS.
Sealed proposals will be received by the City
Treasurer, at his office In the City of Hartford, until
WEDNESDAY, THE 3D DAY OF MAY, 1906, at
two o'clock P. M., for the purchase of the whole or
any part of the above-named bonds, amounting to
one million dollars ($1,000,000), to be issued Jane 1,
1906, and maturing June 1, 1965. with interest at
three and one-half percent (3Hi6) per annum, payable semi-annually (June and December). Principal
and Interest payable In gold coin of the United
Stales, of the present standard of weight and fine-
Voted.—
election April 3 resulted in favor of the
proposition to issue $80,000 4% high-school-bnildlng bon:!ls.
Proposals for these bonds will be received until 12 m,, April
Au26, by Andrew Forsythe, Clerk Board of Education.
thority 22b, 8991 and 3992 Revised Statutes of Ohio. DeDate, May 1, 1905.
nomination, $1,000.
Interest, semiannually at the office of the Board of Education. Maturity,
$2,000 each six months from May 1, 1907, to May 1, 1918, inclusive, except in the year 1911, when no bonds will mature;
$3,000 on November 1 and $2,000 on May 1 from Nov. 1,
Certified check for 5i of
1918, to Nov. 1, 1925, inclusive.
the bonds bid for, payable to the B lard of Education of
the Stenbenville School District, required.
Stratford, Ont.— Debenture Hale.— On March 17 the $88,480
ii and 4^9 debentures described in V. 80, p. 1075, were
Co. of Toronto for $69,713 and
awarded to Wood, Gundy
.
yearly thereafter.
Springfield, Ohio.—Bond 8^a;e.—0a April 11 the $28,000 i%
hospital bonds described in V. 80, p. 1195, were awarded to
Season((OOd & Mayer, Cincinnati, at 10609 and interest.
Following are the bids
$2n,U3 40
Saa8onKOOd:& Mayer, CtnoiD. $89,706 00 W, O. Gay & Co., Boston
N. W. Harris A Co., Chlo
29,700 00 Well, Roth & Co., Cinoln
29,040 00
District.— Bonds
Bond Offering.—The
21 7 La Salle Street,
Chicaqo.
members
New York Stocli Exchange.
RAILROAD AND
ROKin^
STREET °*" \M'^ Pv^i^i^O.
State Comptroller's Office,
Albany, N. Y.
March
27, 1905.
INVESTMENT BONDS.
SEND FOR
LIST.
DENISON, PRIOR&OO.
CLEVELAND.
BOSTON.
THE CHRONICLE.
!440
annually in Chicago. Maturity, Jan. 1, 1925. Authority,
Chap. 196, Laws of 1891. Total debt of district, including
thlsiesue, 1516,761. Assessed valuation, $11,: 09,170. J. E.
Stewart is Clerk of Board of Education.
Troy, N. l.-R(venue Bond U^erlng.— Proposals will be received until 12 M., April 20, by William H. Qearin, City
Comptroller, for $100,030 4« temporary or revenue bonds.
Loaa will mature Oct. 20, 1905. Certified check for 1% of the
par value of the bonds, payable to the city of Troy, required.
Dnion County (P- 0. New Albanj), Miss.— Bond Sale.-Oa
April 10 the 110,000 Q% 5-20-year (optima!) jail bonds dfscribed in V. 80, p. 1137, were awarded to Trowbridge &
Niver Co. of Chicago at 105 -40.
Victoria, B. C.—Dtbenture Bids.—The following bids
were received on March 13 for the $37,000 it debentures
awarded on that day to Wood, Gundy & Co. of Toronto
at 98 -SB:
Wood, GuDdy & Co., Toronto.. .136,402 Royal Bt. of Canada. Victoria. .$36 408
35,123
nominlcnSec. Corp., Toronto.. 3«,108 H. O'Hara & Co Toronto
31,540
35.758 A Jarvls & Co., Toronto
Wm. C. Brent, Toronto
For description of debentures see V. 80, p. 1196,
Yigo County (P. 0. Terre Haute). ln(L.~ Temporary Loan.
Co. of Terre Haute at
—This county has sold to McKeen
par $48,827 27 b}4i temporary loan notes. Denomination,
$5,000 except one bond for $3,827 27. Date, March 25, 1905.
.
.
&
Maturity, Dec. 28, 1905,
Water bury, Conn. Bond Bill Passes Legislature. The
State Legislature has passed the bill authorizing this city to
issue $75,0C0 water bonds.
—
Fofed. -This
$25, COO building
Waterloo (IcTra) l!chool District— Bowds
district, it
is
stated, has voted to issue
bonds.
School District.- Bond Election.— An
election will be held April 17 to vote on the issuance of $18,-
Waukegan
(111.)
000 school-house-enlargemect bonds.
Wealth- Wood, Ail kin Couaty, Minn.— Bond Offering.—
Proposals will be received until 2 p. m,, April 25, by E, L.
Walling, Town Clerk, for $7,000 10 year bonds at not exceeding 6^ interest.
Welcome, Minn.- Boncfs Fcfed.— This place Is stated to
have recently voted to issue bonds for water purposes.
Westmoreland County (P. 0. Greensburg), Pa.— Bonds to
be Re-offered Shcrtly.—We are advised that the |1,OCO,000 i%
BOND
[Vol. Lxxx.
coupon court-house bonds offered but not sold on March
A
Clerk.
Bond Bi7i.— Chapter 147, Laws of 1905, permits this place
to issue $100,000 redemption bonds.
Wilmington, Del.— Tfernporari/ Loan.- The City Council,
stated, has borrowed ^59,000 frcm the First Nation.Hl
Bank to meet running expenses.
Bonds .4«f7iori«ed.— The Governor has signed a bill ruthorlzlcg the city to borrow money to eliminate grade crossings and for the Improvement of streets, avenues and sewers.
it is
Wilmlnf ten (Del.) School District —Loan Authorized
by Lfgislature. The State Legialiiture has authorized this
district to borrow money as needed for new school houses.
We are inform^ d by the Secretary that it is not probable that
the Board of Public Education will want to borrow under
—
some time.
Wilmicgtou (Ohio) School District.— Bond Sale.—Oo.
this authority for
April 7 the $20,OCO 4% coupon building houda described in
V. 80, p. 1258, were awarded to the Clinton County National
Bank of Wilmington at 10215. Bonds mature $500 each six
months from Sept. 1, 1906, to March 1, 1926, inclusive.
Winnetla Park Distriet, Cock Co., 111.— Bond Offering.—
Proposals will be received until 8 p. m., April 27, by Mary
Buss?cher, Secietary of the Board of Park Commissioners, for
$22,000 5i coupon park-improvement bonds. Denominatioi!,
$1,C00.
Date, May 1, 1905. Interest, Jan. 1 and July 1.
Maturity on Jan. 1 as follows: $2,000 in each of the years
1907, 1908 and 190P; $1,000 yearly from 1910 to 1918, inclusive;
in 1919, in 1920 and in 1921; $1,000 in 1922. A certified
$2,0(
check for $1,000, payable to Winnetka Park District, required. Authority for issue. Acts of the General Assembly
of the State, approved on June 24, 1895, and March 3, 1905.
TRUST COMPANIES.
INVESTMENTS.
CALLS.
•^•^^V^AAAAAAAAAAMAAr
^><^WMMN»V^^ws^.'>^
NOTICE OF CALL.
City of Fort Worth, Texas,
6% Bonds, due May 1923,
Subject to (all 1903.
Notice is hereby given that
bonds of the
all
the outstanding
DXALSBS IK
Capital and
Surplus
146 Broadway, New York.
175 Kemsen Street, Erookljm.
M'f'rs Branch, 198 Montague St., Br'klyn.
subject to call May Ist, 19o3, will be pnld on or
before May ist, lnos, on presautation at the of&ce of
O'Connor «fc Kahler, 49 Wall Street, New York,
or at the ofBce ot Moel-Youusr Bond »fc ("toe
Company. 304 N. 4tb Street, St. Louis, Mo., and
Intereet will cease from thai date,
T, J. POWKLL, Mayor.
Fort Worth, Texas.
H.W. NOBLE (feCOMPAI^Y
miCIT.,
MUNICIPAL
AND
STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW
JHoiainines
YORK.
Interest Paid on Daily and Ttrr.e Deposit s
TRUSTEES
John Jacot) Astor,
Edward T. Bedford,
Cliarles S. Brown,
PUBLIC SERVICE CORPORATION
ecurities
BONDS.
Charles Matlack,
William H. XichoLs,
James H. Oliphant,
Robert Ol3T)hant.,
Alexander E. Orr,
Cliarles A. Peabody,
Frederick Potter,
Charles Bicliai-dson,
Elli.s D. waiiams,
Woodbury L.angdon,
Louis Windmuller.
James D. Lynch,
OLiARENCE K. KETiSEY, Ficsi.lent.
FRANK BAIl.KV, Vice-President.
PA.
Paid up Capital $300,000.00
L. Marston,
Elihu Root,
Sanlord H. Steele,
.vlartin Joost,
John S. Kennedy,
ComDany
OF PITTSBURGH.
Edpar
"William J. Matheson.
Julxen T. Davie.s,
AVilliam J. Easton,
Charles R. Henderson,
Benjamin D. Hicks,
.Tohn D. Hicks,
William M. Injrraham,
An^isttis D. JuiUiard,
NO STOCKS
CORRESPONDENCE SOLICITED
Corporation kj
& guarantees Meal Estate Titles,
Iioans JHoney on Sond and mortgage.
Ftirnishes Mortgages to Investors.
Keceives Deposits subject io check, allotting
Interest.
Does all Trust Company business.
HIGH GRADE
INVESTMENT BONDS
MuB icipal &
$9,500,000
Title guarantee
andTRUST company
MUNICIPAL, RAILROAD and
City of Fort Worth, Texas,
IsHoed L>lay 1st, 1893,
DETROIT,
RudolpliKIeybolte&Co,
BA HKERS,
ti^
1
will again te advertised for sale in the near future.
White Bear, Minn.— Bonds T'oftd.— This village on March
14 voted to 'ssue $12,000 water-works bonds.
White Plains, N. Y.—Bond Offering.— Propopals will be
received until 8 p m., April 19, by the Board of Trustees for
$5,000 i% fire-department bonds. Denomination, $1,000. Interest, eemi-annual.
Maturity, April 1, 1925. Authority,
Chap. 255, Laws of 1899.
certifi( d check for 5^ of amoutt
of bid, drawn upon a State or national bank or trust company, required with each bid, Peter Paulding Is Village
EDWARD Manai^ei'
O. STANLEY, 'id Vice-l'residcnU
Pepartnicn'..
liankiiiR
F. R.
FULTON & CO.,
T. B. POTTER3
MUNICIPAL and onKin^
Municipal Bonds,
CORPORATION
171 LA SALLE STREET,
172 Washington
CHICAGO.
H. C. Speer
6c
159 La Halle
CITY COUNTY
AND TOWNSHIP
Compan)
t'flirJAC^O,
-
^Ilgrs' Branch,
TTHITINO'S PAPBRS.
Street,
iiLI^ht
-
-
MacEonald, McCoy
AND
&
Co,
CORPORATION
Chicago.
===
BONDS.
BONDS.
171
La
For BuHlneas Corre>poiidenO0t
Salle Street, Chicago.
Bonnht and Hold.
BONDS.
HAYES & SONS,
BOHTON, MAHH.
own hand, 01
Their quality
iisgnred and they have won hliiheat honori at all
he creat World'i Fairs. For hluh gnide writing
Whether
for letter written with your
7 the typewriter, are
Trowbridge& Niver Co
J.
01.ETEL.AN0. OHIO.
WKAY
latANK. L. SNIFFEN, Mgr.
0'-'«^«-'»<
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONUS
W.
.5.
a. BUiiSDlClv, 3d Vicc-Pres.
CliEVELAND, Secretary.
ON APPIilCATEOW.
I.JMT
MUNICIPAL
St.,
CLINTON
MUNICIPAL AND PUBLIC SERVICE
CHICAGO,
Bank Bldg.
lit Nat.
UNKyUALKU.
v<
ciapers of all kinds, for
npers, Insist on haying
bond papers, and for ledger
them made by the
WHITING PAPER COMPANY,
BOSTON,
60 State
Street.
KUIiYOHE, MASH.
Maw
York.
Philadelphia.
Chicai^o.
@FedFRASER