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.
.
IV
IT
HC
,
7
1
financial
\
ommerctH
INCLUDING
^
^^,
rantcle
Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
Entered aocordtng to Act of Congress, in the year 1904, by William
VOL.
B.
and City Section (semi- Annually)
Street Railway Section Th YcaHyraes )
State
(
Dava COVPAHT,
SATURDAY, APRIL
78.
in the office of
Librarian of Congress, Washington,
1904
2,
NO.
I).
U,
2023.
Week ending March 20
^ht Chronicle.
Clearings
at—
1904.
1903.
inc. or
1902.
Dec
1901.
PUBLISHED WEEKLY.
Terms of Subscription— Payable in
For One Year
For Six Months
European subscription (including postage)
European Subscription Six Months (including postage)
Advance
$10 00
6 00
13 00
7 50
£2
£1
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
14s.
lis.
Subscription includes following Sections—
State and City (semi-annually)
Bank and Quotation (monthly)
Railway and Industrial (quarterly) Street Kadlway (3 times yearly)
I
Boston
Providence
Hartford
115,852.91
5,821.700
2.614,250
1,641.240
1,338,907
880.000
1.235,709
New HavenSprinitneld
Worcester
Portland
Fall River
Lowell
New Bedford
New
England.
131.173.548
+20
9
386,784
331046
136,183.288
5.575,000
2,210 058
1.171.028
1,113.388
1.342.303
1,230,710
629,360
483.428
378.217
262.343
129,133.092
+10
128.130.120
150,585,627
154,959,683
21,178,200
11,559.311
8,804,970
6.883,767
4,540,249
4.200,000
2,853.202
2.854.488
1.502.786
1,652.797
1,179,657
538.400
642,845
648,751
581,912
722,535
496,469
560,824
336,856
394,226
808.445
257.767
186,857
195,223
197,181
58,593
161.874 835
20,731,200
18,442 850
9.259,553
—4'3
+2-2
161.485.328
18,164,950
11.723,075
8,170.003
6,395.219
4.717.702
3,199.200
3.178.351
2.227,533
1,381.744
138.800,714
18,020.700
12.596,024
8,148,730
4,748,299
3.182,126
2,553.450
2,306,537
2.120,848
1,245,797
1,017.126
916.601
424.600
491 583
365,836
317,247
427,654
228,296,030
22,691.226
690,3156
Holyoke
Total
346,734
335.521
410.198
113.531.625
6,182.600
2,197.026
1.485,794
1.218,270
1, 329.580
1.212.534
791.10m
447.651
465,245
311.595
—51
+190
+10-5
+9*8
112.371.070
0.273.901
2.256,6111
1
1. 357.15H
,24 1 .252
1.130.055
1.070 080
1
-33-4
+ 111
—12-8
—22
—27
957.233
440 756
+31
|
Terms
oi
Advertising
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Inch Space
Transient matter per inch space (14 agate lines)
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(8 times)
Three Months
Six Months
Twelve Months
Chicago
(13 times)
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(52 times)
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00
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B.
Fine Street, Corner
Post
Box
Office
ot
Detroit
Milwaukee
Indianapolis.
Columbus
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WILLI ATI
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CLEARING ROUSE RETURNS.
Ill
O
,
Bloomlngton
Ouincy
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 2, have Ann Arbor
Total Mid. Western
been $1,874,334,711, against $1,902,395,221 last week and
San Francisco
$2,448,103,099 the corresponding week last year.
,
Los Angeles....
Clearings— Returns by telegraph.
Week landing April 2.
New York
Boston
Philadelphia.
Baltimore
Chicaco
St. Louis
New Orleans
Seven
Other
cities, 5
cities, 5
Total
The
days
all cities,
5 days.
.
lday
All cities,
Total
days.
all cities
for week.
1904,
1903.
P. Cent
90,759,674
80,991,001
13,474,588
141,854.345
40,654.890
13.156,091
116.328.748
103,173,967
18.360,400
143,230,923
39.090.232
10.449.886
—21-5
—26-6
—1-0
+4-0
+25-9
Fargo
Sioux Falls
Total Pacific.
11,253,022,381
250,004,217
$1,765,084,030
290,417.928
-29-0
—13-9
Omaha
$1,503,926,598
370.408.113
$2.055.501. 958
392.601 141
-269
—5-7
$1,874,384,711
$2,448,103,099
-23-4
-22-1)
the
all
Week ending March
Clearings
at—
1904.
Philadelphia...
Pittsburgh
Baltimore
Buffalo
Washington
Albany
Rochester
Scranton
Syracuse
Wilmington....
Wilkes Barre...
Wheeling
Binghamton
1903.
Inc. or
1902.
Dec.
...
Greensburg...
Chester
Erie ...
Reading...
Franklin, p a ..'.
Total Middle.
.141.098 277 1,213.204.230
103,310.991
109.443.732
85,894,186
53,834.752
20.302,746
19,670,510
5,623,826
5,211,046
3.665,001
3,635.740
3,297,nl0
2,670.652
2,128,596
1.779,198
1,730.537
1,512,883
1,028.246
983,959
1,029,392
1.206.256
862.771
809.404
580,582
409,200
371.312
408.226
43S.296
1.026,564
229.38.-.
649.15s
885,800
407,189
417,085
368,863
—59
—56
-333
-r-3-2
--7-9
--0-8
-19-0
+19-6
4-14-4
+4-6
—147
+61
-88
—2-1
+18-8
Not include d in to
Not Include d Into
1.321.552.837 1.416.817,410
917,220
862,598
583,683
825,000
842.863
298,244
+66
—67
486.355
372.735
200.81H
Helena
42,183,051
Kansas City
,
Minneapolis
St.
St.
Paul
Joseph
,
Denver
Des Moines
Sioux City
Topeka
Davenport
VVichita
Colorado Springs...
Fremont
Cedar Rapids
Total other West'rn
St.
Louis
Orleans
New
Louisville
Houston
Galveston
Richmond
Savannah
.Memphis
Atlanta
Nashville
Norfolk
Augusta
Worth
Birmingham
Little Rock
Fort
1901.
871,422
515.808
304.600
329,017
317.692
Chattanooga
Total
New
+5-9
—33
+13
York.
1,192745
+21-8
—1IV3
870.750
546,000
539,240
520.312
491 666
524.230
463.081
-4-0-
+ 1-1
-1-3
+324
+2-7
+5-6
427,09t
—150
2119.757
372,1-54
288,615
210.510
335,223
—247
834.464
317.900
373,490
225.582
227,4 50
181.219
152,707
72.144
231.301,063
—1-3
228,103.322
199.550.508
26,559. 885
5.240, 184
3.134. 980
2.816, 991
3.924, 110
-14-6
+138
+16-9
—188
—300
22.297.867
2.753.884
—179
—0
35,750,649
5.096,282
2.878,716
3,342.498
3,146.949
1,460.912
1,082.822
531.090
352.381
325.438
-9-3
54,067,737
34,728,066
17 006,489
14.403.558
8 546.518
5.806.348
4.026.190
8,686,737
1.815 485
1.859 931
479 902
453 974
202 304
46,487 912
+3-5
—30-5
+12
1
+4-2
--1
+27
+56
+03
4-13
59,191,601
49,064,321
23,303.528
8.610.394
5.882.528
4.126.500
4,281.486
2.452.490
4,250.285
2,649.837
2,415,649
1.677.423
1.120,395
1,533,780
1,216.183
44,280.553 +108
12,403.288 +87-9
—9-1
9,469,010
6.880.655 —145
-02
4.135,500
8.194,730 +310
3,312.900 —259
3.183.330 +35
2,590.692
+2 3
2,066.873 +16-9
1.502,007 +117
1,587,222 —294
-4 5
1,605.857
—99
1.849.740
804,583 - -23 5
913,530 --18-7
743 000
475
598.440
181
402.431 --118
327.422 +133-6
+3-5
1,021.371
18.197.852
12.518.084
7.403.378
5.800,664
4.867.731
3,530,H22
1,967.032
1,499 215
1,280,671
763,625
822,439
372 731
161.254
9.535.377
6,570.93
4,619.590
3,948,453
4.5S2.106
1.806,210
1.500,070
50.000
130 H54
127.046
50.722
2.287.61.3
2.25SS15
2,050,997
8U; .501
953,188
672.526
317 701
321.814
4,488.1. S3
1,457,0s:,
1,477.663
1.125 '.'10
1,245
914,252
561.504
000.000
166.850
887.107
541.339
728.568
112,874
tal.
+1-7
53.281.592
47,009.529
49,&86.326
9,401,595
8.387,33s
6.052.310
8,866.500
8,851,800
33.876.008
11,808.591
7,311.132
3.798 038
8.424.500
4.903 S 7
2.53,2.914
8,019
2.461.727
1 .878.889
1.105.513
1.351.939
2.4)
1,170,1110
1,285.73'.'
1,532.103
1,346.193
1.150.410
911.364
815.807
590.798
003OIIU
435.078
360.575
380.891
1,206.149
1,133827
850,000
526,138
660.283
822,000
274,693
248.081
>al.
85,650, M)9
97,170.011
1.856.392.218 2.307 970, 768
102,491.200
+101
1,902,395.221 1,985.239.224
—42
761.290,944
772.034,994
—1-4
723,4v:8,:;j7
697,805.964
18,706.208
13,297.942
4,436.754
1,343.651
1,859.484
1,211.600
1,301,023
1,064.784
706.546
675.029
526.890
23.871.487
14,325.118
—21-0
-7-2
+22-6
18,925.227
12.485.020
2,600,902
17.168.951
10.800.000
1.004.733
1,300,000
45,219.902
49 718,721
119.007,232
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
Quebec
V ancouver.
tal.
Hamilton
St. John
London
tal.
Victoria
1,295.626.836 1,790,212,661
..
all
Outside
+206
Publication discontinue d.
178,591 Not include d in to
Guthrie
Columbus, Ga
Total Southern
3
-20-5
+7-7
Not Include
701.053
450.000
764,933
1,057.026
Beaumont
—4-9
+15
60,181,928
1.358,591
1,090,000
Jacksonville
Charleston
643,000
638,685
641,390
589,621
545.615
483,226
530,951
396.504
381.000
443.540
229,940
179,297
192.910
192,088
77,508
-37 3
18.877.a84
13,387,023
7,614,369
5,778,625
4.079.268
3,800.000
1,986.581
1,168,853
773.216
940,229
1,089.756
503.333
176,786
337.899
9S14.824
Macon
1.132.963.961 1,610.110.805
90.333.012
95.745.440
42,3114,155
35.419.300
18,516.614
25,765,487
4.801.951
4,883.553
3,303.064
2.573.353
2,810.123
2,209.338
2.217.822
1,901,780
1,144,921
1,171,420
1,020,820
851,351
—10-6
Tacoma
Knoxvllle
26.
Vo
New York
Spokane
-84-6
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, March 26, and the results for the corresponding
week in 1903, 1902 and 1901 are also given. Contrasted with
the week of 1903 the total for the whole country shows a loss
of 4-2 per cent. Outside of New York the decrease from 1903
is 1*4 per cent.
be in
Portland
*1, 334,449,869
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
full details for
Seattle
Salt Lake City..
55873,031.186
U
5.963.6
3,651,169
2,286.591
2,748,132
1,917.840
1.865,128
5,970,722
5,714,555
3.899,800
2.390.644
2.695,495
1.554,814
1,632.200
968,932
Total Canada
3.617,1711
1,401 70
1,730.054
1,218.278
917.339
777,164
675.42.
691.096
897.186
—99
+7-1
-05
+419
1.600.00(1
1,70
1,101.788
725.274
640.701
626.010
+ 179
700.789
732.889
641,470
521 687
410.698
—90
40,8*3.7 05
33,335.367
+36-9
—24
+327
THE CHRONICLE.
1242
I
Vol. lxxviii.
That threatened taint has been removed and
our S;ock Exchange is feeling the effect.
clas8.
THE FINANCIAL SITUATION.
The
stock market has been Irregular this
week but
the same time hat shown a noteworthy degree of
Btrerjgth.
One development was a kind of offshoot of
the Supreme Court decision declaring the Northern Seat
Company Illegal Among the
curities
affected were the
Union
was
Paul and the at Washington, D.
properties chiefly
Paciflo, the St.
The payment for the Panama Canal has met with a
new obstacle this week. Official circles do not look
upon It as likely to delay the settlement. On Monday
a
In equity
bill
the District Supreme Court
for an injunction against the
filed In
C,
new Panama Canal
Southern Pacific; tbia movement, for a couple of
Company of France, the Republic of Panama, and
days, alBO kept the shorts busy coverlrjg, and in this
others, to estop the construction of the Panama Canal.
way, and sympathetically, had an influence on the
The applicant, Warren B. Wilson of Chloago, who,
whole market.
It is asserted, Is Instigated by influential persons in
The reason for the increased movement in the
Bogota, Colombia, asks tha t Secretary Shaw be ensecurities named was a rumored buying of the Union
payment from any
joined from permitting the
Pacific by leading interests in the St. Paul for the purmoneys in his control, under the "pretended authorpose, it was claimed, of securing a larger holding in
Secretary of the Treasury, the
that property, that the close' traffic relations already
the Act of June 28 1902,
ity of
entitled
'An Act
to provide for the construction of a canal connecting
might not be interthe waters of the Atlantic and Pacific oceans/ " averrupted by the liquidation of the Northern Securities
Company, but made more secure. The idea prevailed ring that there is no appropriation, by law, of any
money for the payment of any of the construction exat the opening of the week that the St. Paul people
in violation
were seeking to buy a control in the Union Pacific; penses, and declaring that the said Act is
of the Constitution of the United States, and is null
that was soon seen to be impracticable and the
thought was dismissed; again it was claimed that and y old.
existing between the two roads
there was to be an amalgamation of the two properFinally,
ties, which was also a short-lived theory.
operators settled
did increase
its
down
Paul
Union Pacific, as a market
to a belief that even
holdings of
if St.
would be a factor more of general interest
to the welfare of the whole body of railroads than a
eource of special additional value to the Union Pacific
and St. Paul stocks. This seemed to be the final
view, as the alleged buying, if a fact, no doubtjtended
feature
it
He
likewise
charges
that
the
Panama
treaty
is
wholly unconstitutional and invalid, both in the
United States and in Panama, in its essential features,
and that it confers no rights and imposes no obligations on either of the parties direotly ooncerned;
furthermore, the bill states that, even If that Act were
valid, its terms and conditions have not been complied
with and do not authorize the proposed payments,
which payments will therefore violate the Consti-
wars among the systems of tution.
The law officers of the Government state that the
roads in the Northwest and Pacific sections, but did
not Introduce any new feature affecting favorably the question as to the constitutionality of the Act of 1902
roads in question, since the relations between those is of little importance and the only question to which
properties would be merely a continuance of an exist- they will give particular attention is as to whether the
ing arrangement.
In other words, the added holdings payments authorized by the above Act can be made in
would serve only to be a further guaranty against pursuance of a treaty with Panama instead of a treaty
with Colombia, as was contemplated by Congress when
future cutting of rates.
the Act was passed. It is believed in Washington
to
make
less likely rate
that the matter will be disposed of by the Court with
Since that event ceased to attract interest there has
been no special feature dominating market values.
Nnmerous advances are noticeable but without any
obvious developments supporting them. The truth
is, the speculative spirit has reoelved a new impulse
Ic has something solid to stand upon now,
recently.
as the Supreme Court is believed to have settled as a
point of law that not even Congress oan prevent an
individual from purchasing a control in any railroad.
Operators, consequently, full of that idea, and h?vlng
daily visions of one property after another being taken
hold of by some strong financial interest, and bought
up, with the natural consequence of rising values, are
doing their best to have a share in every such anticipated movement. This situation accounts in part for
the prevailing strength; but besides that, there clearly
is a better and more hopeful feeling among moneyed
That change is almost wholly due to the
classes.
Northern Securities decision. The prospeot as it
appeared before the opinions of the Judges In that
caue had become known was In the highest degree die
Railroad stocks and bonds have always
oouraglng.
been In high favor among Investors, large and small.
If the law left no opening to enable such companies
to prevent unbridled competition and reckless cutting
of rates, a touch of discredit would attach to the whole
little
delay and that
ment
of the Canal payments.
A
it
will
not involve a postpone-
Thursday announced that the
on that day decided
the United States of Colombia against the
Paris cable on
First Civil Tribunal of the Seine
the case of
Panama Canal Company
in favor of
the defendants.
This decision is assumed to have the effect of removing the legal obstacle In the way of the transfer of the
Canal concession from the company to the United
The
deoree recites that none of the claims
set up by Colombia are valid, that its request to enStates.
join pending action
is
not warranted, that
company is not
its
plea for
justified,
and that the
entire costs of the procedure are assessed
against the
costs against the
plaintiff.
Foreign exchange and gold exports are apparently
at variance with one another.
Ordinarily when rates
closely approach the gold-exporting point it 1b not
difficult to calculate with some degree of accuracy,
fiom tho rates, the tone of the market and other factors, how soon gold Bhipmentsjmay be expected.
Last
week, when rates for exchange at New York on London seemed likely to advance and exchange at Paris
on London to decline, it was thought probable that if
those tendencies were not ohecked gold would be ex-
Ape.
THE CHRONICLE.
2, 1904.]
and in some instances we
Increases
now where in January there
were decreases. There are, however, some conspicuous exceptions to the rule.
Thus the Canadian Pacific with $2,541,862 gross earnings had
working expenses nearly as large, or $2,459,321,
leaving net earnings of only $82,541, which compares
with $742,741 net in the month of February
last year.
In Canada the weather was even more
severe than in this country, and the effect on the roadi
in the Dominion Is seen in the figures just cited.
The Wabash, too, has a less favorable statement,
ported to Paris, as an arbitration operation, at least losses
by Tuesday of the current week. Kates for exchange have
continued to move
in the directions favorable to gold exports, and on
Monday there was a much closer approach to the goldshipping point than in the previous week. Notwithstanding these conditions, no goldjwas forwarded on
Tuesday, although the steamer sailing on that day
would touch at Cherbourg, and none went forward on
Thursday by the French ship for Havre, though
exchange at New York continued to rise and at Paris
to fall, making apparently a dear and large profit on
shipping gold. No satisfactory reason was assigned
by bankers for this peculiar situation except that
rates had not reached a point where gold exports, as
an arbitration operation, would be profitable. Evidently there must be a special source for obtaining
at
New York and
at
Paris
1243
in
January,
reporting
$153,855 decrease in net for February,
against $26,026 decrease in net for January. Generally speaking, however, February was a better month
for the
roads than January.
The
anthracite coal
showing considerable falling off
though still
in
sufficient volume to meet requirements, from 1903, have also as a rule suffered less.
bills
These
making uncertain any possible profit that might result roads it should be remembered are comparing with
from a shipment of gold. That the New York and the period of exceptionally large production in the
Paris markets were in this uncertain condition seems anthracite regions last year following the mineri*
to be the true reason why gold shipments were regarded strike which lasted from May to October in 1902;
as likely to be attended with some risk, and therefore the faot, therefore, that their decreases are not so exthat they were not made.
Possibly the explan- traordinarily large as in January is encouraging.
As might be expected, Southern roads stand In a
ation of this condition may be* found in the
The South is enjoying unaccumulated large credits abroad, in
anticipa- class all by themselves.
tion of the transfer of the Panama Canal money. wonted prosperity, partly as a result of the extremely
In the absence of their immediate requirement it may high prices which have prevailed for cotton, and
be of advantage to employ these credits by drawing Southern roads are reflecting this prosperity in their
The Atlantic Coast Line Railroad for
against them and selling bills in such restricted vol- returns.
February
1904
has gross of $1,814,949, against
ume as to almost exactly meet ourrent demands within
February
causing
$1,638,399
out
the least over-supply. In this way the
1903, and net of $717,225,
maintenance of exchange at the highest possible point against $567,578. The Southern Railway gained
would be to the advantage of bankers having the $395,467 in gross in February and $227,711 in
This latter company is now $2,300,848 ahead
credits, while the prevention of gold exports would fur- net.
ther contribute to the benefit of the drawers, because in its gross for the eight months since the 1st of July
were gold to be exported the forwarding of the metal and $822,768 ahead in its net. The Atlantic Coast
would tend to satisfy the demand for remittance, and Line is $698,095 ahead in its gross and $729,830 ahead
the sale of the bills drawn for the reimbursement of in its net for the same period. From the Southwest,
the exported gold would be almost certain to cause a likewise, there come some strikingly good returns of
earnings.
The Atchison Topeka & Santa Fe, which
decline in the rates.
for^ January had only $30,400 increase in gross with
The fifty million dollars arranged for in February $222,549 decrease in net, for February has $517,611
Improvement in gross and $210,204 improvement in
to be paid April 1st to the Pennsylvania Company on
net.
For the eight months to February 29 the Atch7
its eighteen-months 4£ per- cent notes endorsed by the
ison has enlarged its gross by $4,665,228 and its net
Pennsylvania Bailroad was paid yesterday. It
is
of
interest to note that not the least disturbance in the
money market
either before or at the time of
has been occasioned.
once,
was
payment
As the money was not needed
remain with the
banks and trust companies until wanted. This
transaction had passed out of mind and was generally
assumed by the public to have been completed when
the notes were contracted for.
They are issued in
multiples of $5,000 to $50,000, and are not unlike stock
certificates, with three semi-annual interest coupons
attaohed.
As we announced some time since, the
entire issue was sold by Kuhn, Loeb & Co. to individuals and financial institutions in this country and
at
it
allowed
roads,
to
abroad.
Reports of railroad gross and net earnings coming
in for the month of February confirm early expectations of generally better results for that month than
for January.
Losses are still numerous, indicative of
the severity of the winter weather which has prevailed;
but in the great majority of cases these losses
are much leas
heavy than
the corresponding
by $1,679,414.
But perhaps the most noteworthy return received
this week is that of that representative system, the
Pennsylvania Bailroad. The figures came to us by
wire last night. They show a striking and a significant
Improvement over the results for the month of
January.
In
January there had been a loss
as compared with
1903 of $1,093,300 in gross
on the lines directly operated East of Pittsburgh
and Erie and a loss of $332,800 in gross on
the lines directly operated west of Pittsburgh and
Erie.
In the net there had been that month a loss of
$1,223,000 on the Eastern lines and of $384,400 on the Western lines, making a combined
decrease then of $1,607,400.
As contrasted with
this
exceptionally poor exhibit for January, the
figures
for
February indicate a very decided
change for the better.
In the first place there
is an increase as compared with 1903 in the gross of
both the Eastern and the Western lines— $115,900 in
the former and $287,100 in the latter, or $403,000 together.
The severe
weather made an
increase in expenses inevitable; nevertheless the
—
.
..
.
THE CHRONICLE.
1244
[Vol. lxxviii.
2']@"<J£ per cent.
was
comparatively small
The open market rate at P^rls is
only $3,400 on, the Eastern lines and $208,300 2£ per cent and at Berlin and Frankfort it Is 3§@3£
on the Western lines, or $211,700 for the combined per cent. According to our special cable from L msystem. It remains to be said that ia February of last don the Bank of Ejgland lost £1,733,946 bullion duryear there had been $1,004,600 gain in gross bnt ing the week and held £34,058,853 at the close of the
$962,300 diminution in net. In the following we week. Oar correspondent further advises us that the
famish figures for the last six years on the lines gain was due to the import of £265,000 from Egypt,
directly operated Eist of Pittsburgh
the only portion to exports of £131,000 to Argentine and to shipments
system
the
for
which
we
have
the
data for such a of £1,868,000 net to the interior of Great Britain.
of
comparison.
The foreign exchange market was active and generLines East or
1W04
1889.
1908.
1902.
1901.
1900.
Pittsburgh.
ally strong
this
week, and though rates for
February.
1
I
•
1
»
•
sight sterling were close to the point at which gold
P.3 15.424 f.289.524 7,553,824 7.144,624 6.153.S34 4.568.834
Grow e»i uiiiKS..
Opcrit'g expenses 7.034,982 H.915.642 5,532,862 6,142,6-2 4,296,733 3, 22,133 could be profitably exported as an arbitration operaNet earnings.. 1,810,46V 1,318.862 2.C2D.462 2 002,26
848.701
1,856,63)
tion, none of the metal was forwarded ; it was reJan. 1 to Feb. 29.
ported, however, that a shipment of $2,000,000 to
Orois earning*
16.819.29- 17,798.698 16,136,098 15,185.99* 12 577.605 9.S81.005
Paris by the Frencu steamer whloh is scheduled to
Operat'g expense? 11381,30* 14 115.202 11,3
802 10.493,802 8.914,007 7,851.607
Met earnings
2,454,966 8,681,49:1 4.719296 4.691.5J6 3,633.698 2.029,398
sail on Thursday of next week would probably be
made. One noticeable feature was the steady advance In
Notb.— These figures lnolu.de the Buftalo & AUegheny Valley Division for 1901, 1902, 1903 and 1904.
In Feb., 1901, the earnings of long sterling and In cable transfers, the former moving
this division were, approximately, gross, $508. 28J; net, $60,161.
From January 1 to Feb. 28 the earnings of this division In 1901 upward 35 points and the latter 30 points by Thursday,
were $1,082,593 gross and $286,798 net.
while short sterling ross only 20 points. The movement
In
long was attributed to purchases for remittance
There was no change in official rates of discount by
any of the Earopean banks tbis week and unofficial, In preference to short, while the advance in cables
or open market, rates were slightly easier at London was due to a demand incident to the semi monthly
and decidedly so at Berlin and Frankfort. The feat- settlement In London. Short showed a gain each day
ures of the statement of the New York Associated during the week until Thursday, when there was a
Banks last week were the new high records for loans, recession of 5 points. There seemed to be moderately
which exceeded the billion-dollar mark, and for de- large offerings of these drafts and also selling by
posits.
Tnere was an Increase in public funds of $5,- bankers of bills against accumulated credits, as
469,400, compared with the previous week, to $45,948- we have more fully explained in the earlier part of
100,the highest amount since these deposits began to be this article. A shipment of $250,000 gold coin will be
separately reported in the bank ^statements on October made to Argentina by the steamer which will sail for
111902. This Increase reflected In part the transfers Buenos Ayres to-day (Saturday). The Assay Office
Gold received
to this oentre of public funds from the interior banks, paid $907,017 95 for domestic bullion.
under the call by the Secretary of the Treasury of at the Custom House during the week, $24,480.
Nominal quotations for sterling exchange are 4 85®
Mirch3, which matured on the 25th ultimo. The
4
cash was increased by $3,072,000, and the reserve re85£ for sixty-day and 4 88 for sight. R*tes for
quirements were augmented $3,913,700 through a actual business advanced on Saturday of last week,
gain of $11,654,800, in deposits; the surplus reserve compared with those on the previous day, 5 points for
was thereby increased $158,300 to $27,468,875. Cal- long to 4 8440® l 8450, while those for short remained
falling
cff
in
net
—
.
1
t
-i6
culated upon the basis of deposits less those of $45,948,100 public funds, the surplus is $38,955,900 ;
871C@4
8745®4 8755.
unchanged
at 4
pointB to 4
8715, and cables declined 5
On Tuesday
the tone was
The bank statement strong and long rose 20 points to 4 846u®4 8470, short
of this week should reflect, among other items, the 15 points to 4 8725@4 8730 and cables 25 points to
transfer hither through the Sub-Treasury of $252,626 4 8770® 4 8775.
The market was firm on Tuesday at an
from San Francisco and the withdrawal on Friday of advance of 10 points for long to 4 8470@4 8480, of 6
$250,000 gold tot shipment to Argentina.
points for short to 4 8730®4 8735, and of 5 points
There was a rise of 5
for cables to 4 8775@4 8780.
Money on call, representing bankers' balances, points all around on Wednesday long to 4 8475®
loaned each day at the Stock Exchange at If per cent 4 8485, short to 4 8736@4 8740 and cables to 4 8776®
loans were increased $8,944,900.
—
B inks and 4 8785. On Taursday long was unchanged, while
companies quoted If per cent as the minimum. short and cables fell 5 points the former to 4 8730®
Time contracts for short periods were firmer, with a 4 8735 and the latter to 4 8770®4 8780; the tone was
good demand, but little business was done in those for firm in the morning and easier at the close. The
longer dates. Quotations for loans on good m'xed market was steady on Friday, when short rose 5
Stock Exchange collateral were 2J@3 per cent for points. The following shows daily posted rites for
sixty and 3 per cent for ninety days, 3
exchange by some of the leading drawer?.
j per cent for
and
at 1^ per cent, averaging If percent.
—
trust
four to
®
I per cent for six to seven and
3f
4£ per
cent for eight to ten months. Commercial paper was
five,
moderately active, with the buying ohieil/ from out of
town, but the offerings were not liberal. Rates are
4 j®4$ per cent for sixty to ninety-day endorsed bills
receivable, 4J@5 per cent for prime and
6®5J per
cent for gocd four to six months' single nam as.
FBI
Srown Bros
j
Mauoun A Co.
England minimum rate of discount
remains unchanged at 4 per oent. The cable reports
discounts of sixty to ninety day bank bills in London
of
<
00 days
Sight .
4 86
.
i
.
(60 dan
< Sight
< 80 day*
Sank British
No. Amenoa.
Jauk of
Montreal
Canadian Bank
TS
gj {*t
4 65
4 88
<
String,
of Commerce.
The Bank
.
Alar. 25.
.
<
Bight..
60 day*
Bight
no dayi
Sight
j
h
day*
J
(
.
ileldelbaoh, Iok•lhelmer A Co.
<
(
4
£8
4
85
488
486
488
4 86
488
4 -5
488
La.ardFrer.s..{|0/ »T. 485
4erohanU' Bk.
.
ilO
4 88
4 86
4 88
MON„
Mar
&8
86
88
85
88
K
88
86
88
85
68
86
88
65
88
SB.
Tubs..
WlD THUR..
Mar. 29. Afar. 80. Mar. 81.
.
86
88
86
88
85
88
£5
88
86
88
85
N
E6
88
86
88
FBI,,
Apr.
66*
86*
66*
88
88
88
96*
85*
66*
88
b8
88
85*
:
i
6*
1.
88*
88
86
88
18
88
68
86
88
66*
86*
86*
E8
88
88
86*
86*
86*
88
b8
88
86*
86*
65*
88
88
88
16*
86*
88
88
'*
88
M
Apr.
—
.
.
2,
—
THE CHRONICLE.
1904.]
1245
8475@4 8486 for The vote of March 15, when a Government measure
4 8770@4 8780 for was defeated by a majority of 11, concerned a minor
8450@4 8465 and question and was due to a Parliamentary surprise; It
The market closed on Friday at
long, 4 8735@4 8740 for short and
4
Commercial on banks 4
Cotton for was not, therefore, recognized as a formal rejection of
documents for payment 4 83f@4 84 f.
payment 4 83f @4 83|, cotton for acceptance 4 8460 the Ministry. In the meantime that Ministry balances itself veiy cleverly, with an undoubted view to
@4 8465 and grain for payment 4 84£@4 84f
retaining power as long as possible.
In this purpose
it has manifestly been helped by the Liberal oppocables.
following gives the week's movement of money
to and from the interior by the New York banks.
The
Week ending April
Shipped by
T. Bank*.
Net Interior
Movement,
$6,650,000
$4,674,000
1,141.000
969,000
Gain. $1.976,0«0
Gain.
172,000
17,791,000
$5,643,000
Received by
1904.
1,
N.Y.Bank*
Currency
Gold-. ...
Total gold and legal tenders.
If.
Gain.
2.14S.0O0
which, uncertain as to its own leadership or aa
own tenure of power If the Balfour Ministry
sition,
to its
were to be unseated, has displayed rather slight
It was the
anxiety to force the fighting.
Irish
Nationalists, the guerillas of the House of Commons,
who contrived
the technical
defeat
on the
Irish
education estimates.
With the Sab-Treasury operations and the gold
exports, the result
Week ending April
is
as follows.
Out of
Into
Bank*.
1904.
1,
Set Ghana* in
Bank
Bank*.
Banks Interior movement, as above
$7,791,000
8ub-Treas. oper. and gold exports.
23,200,000
$5,648,000
24.200,000
#30.901.000
$29,843,000
Total cold and legal tenders.
The
following table indicates the
in the principal European banks.
March
Bank
Gain. $2,148,000
Loss. 1,000,000
Gain.
amount
April
31, 1904.
Holding*.
3,
1.148.000
of bullion
1908.
of
Gold.
Silver.
lotal
Gold.
Silver.
*
*
£
34,058,852
84,068,862
36,198,026
14,469,000 30,280,000
17,659,000 2,278,800
94.603,640
Jotal.
M
36,198.026
44,679,948 139,083,488 100,629,160 48,963,874 144,492,534
12,706,000 48,870,000 80,281,000 10,640,000 40,924,000
8,419,000 97,996,000 79,413,000 8,475,000 87.888,000
12,905,000 60,276.000 46,206,000 12,968,000 69,174,000
Franoe
German;*....
Russia
Aoi.-Hong'jSpain
47,871.000
14,633.000 19,708,000
84,314,000
Italy
22.090,000
8,803.200
25,863,200
5,442,500
6,706,900
12,149,400
3,987,400
6.652,600
10,690,000
3,114,000
1,667,000
4,671,000
8.112.667
1,566,833
4,669.000
1
Netherlands
Nat,Belg'm.
36,164,000
89,577.000
84,689,000
19,882,300
Tot-tnts week 316,926.892 110386048 457,311,940 331,698,263 106768607 488,466,860
Tot, prev. w'k 848,338.317 110007061 468.345,37s 883,694,091 1081138S0 441 ,707,021
1
* The division (between gold and silver) given la our table of ooln
and bullion In the BanR of Germany and the Bank of Belgium 1b made
from the best estimate we are able to obtain In neither ease Is It
claimed to be aoourate, as those banks make no distinction In the^r
weekly returns, merely reporting the total gold and silver, but we
believe the division we make Is a olose approximation.
t The Austro-H ungar lan Bank Statement is cow Issued In Kronen and Be
oer instead of Gulden and Krentzer. The reduction of the former currency to
sterling M was by considering the Gulden to have the value of 60 cents. At
;
the Krone has really no greater value than 20 cents, our cable correspondent In
London, In order to red u. e Kronen
J, has altered the basis of conversion by
dividing the amount of Kronen by 24 instead of 20
THE PECULIAR SITUATION OF BRITISH
POLITICS.
Three developments of the day in British politics
William Harcourt's definite retirement from public life, the Balfour Ministry's technical defeat on a
"snap vote" in the House of Commons and Mr. ChamSir
berlain's prolonged vacation
at a time
when
his fiscal
campaign would seem particularly to need his presence at home have combined to create an unusually
interesting situation.
It is the more Interesting
because its probable outcome fairly baffles conjecture.
That the Balfour Ministry will before very loDg
—
encounter final defeat
been seriously doubted.
But
matter of the opposition's
attitude which is most influenced by very recent
events.
Sir William Harcourt's withdrawal apparently frees the Liberal Party from a divided leadership, and in the meantime it has been making progIt has lately been pointed
ress in the bye- elections.
out that in the ten Parliamentary elections which have
been held to fill up vacant seats this year, a previous
constituency of six Tories and four Liberals has been
replaced by eight Liberals and two Tories. The Government's normal working majority, which was 1521
after the general election of 1895, and 134 after that
of 1900, has fallen to slightly over 100 normally, and
on fiscal questions to barely 40, and the incident of
March 15 showed what may some times happen to what
The retirement of Sir William leaves Lord
18 left.
Rosebery with practically undisputed title to the leadAt the proper occasion this may simplify one
ership.
of the existing problems.
It simplifies only one of them, however; for the
foremost perplexity of the extraordinary situation
which exists in British politics hinges on the position
Throughout the shifting conof Mr. Chamberlain.
troversies of the day it has been a matter of singular
uncertainty whether a given contest at a bye-election
has been really between the Government and the opposition or between the Cbamberlainites and the orthodox free-traders. The wholly anomalous position of
Mr. Balfour, who has virtually rejected the principles
of both sides in the fiscal controversy, has deepened
Nor has the puzzle been cleared up
this perplexity.
by the fact that the Chamberlain campaign, which
outwardly seemed to be making unexpected progress
up to a month or two ago, seemed to come to a sudden
halt with its leader's not over- successful appearance
before a London constituency a halt which was
almost immediately followed, politics still being under vigorous discussion and Parliament in session
by Mr. Chamberlain's own departure from the scene.
Neither English nor foreign observers appear to
have penetrated the mystery of this situation; comments of home observers are, indeed, marked by the
it
is
precisely this
—
Parliament has never same uncertainty as those from outside quarters.
it was not easy to see
What does, however, seem to be signified by these
exactly what was to be the issue on which it would current developments Is that the existing situation
be unseated. The Premier's attitude as to the Cham- cannot last much longer. The political status is difficult
berlain tariff plan has seemed to make It imprac- to maintain, even now, and a very little change would
ticable to assail the Ministry on that side.
seem to be needed to make it flatly intolerable. It is
The House may, of course, at any time pass reso- by no means impossible that matters may be in some
lutions of "want of confidence" on general principles; degree cleared up by the Ministry's propositions for a
but beyond this It cannot upset a government on the budget, which must very shortly be made public. The
basis of a policy which that government has not em- fiscal situation is confessedly unsatisfactory ; a deficit
bodied in proposed legislation. A fiat vote of want of of some $10,000,000 will have to be reported for the fiscal
confidence, however, is not looked for by any one. year which ended Thursday and another which may
In
But
—
THE CHRONICLE.
121(1
[Vol. lxxviii.
This oondition as every Intelligent critic knew would be tne case, and
must be met by plain decbration of policy by the the tendency of the law has been to concentrate
Chancellor of the Exchequer, who is Balfour's right- power in the hands of the large banks instead of
hand man and Chamberlain's own son. The question remitting it back to the people.
The lesson of these events to American business
is, what expedients of new taxation will the Government submit ? To increase existing burdens, such as men is to so conduct the Stock Exchanges and the
the income tax already reduced on the plea that war promotion of companies that there will not arise a
well founded public demand for any other sort of
expenses no longer make the high rate necessary
would, we may assume, arouse vigorous opposition regulation than that springing from the business
on the one side, whereas recourse to fresh taxation community Itself through the Stock Exchange comin the field of import tariffs might at once project the mittees. There are many ends desirable in themChamberlain fiscal controversy into the centre of the selves in the matter of restricting speculation, which
Parliamentary arena. This is a situation of peculiar are extremely difficult to attain without crushing
legitimate business and preventing the flow of capital
Interest.
into the channels where it renders the highest service.
mount up
to 125,000,000 is in
Bight.
—
THE REGULATION OF THE STOCK
The
EXCHANGES.
The
fact that the
Government
cently been considering
new
of
Belgium has
re-
legislation for regulating
the Stock Exchanges, and for amending the laws under
which corporations are formed and are permitted to
market their
securities, indicates that
the policy of
almost complete freedom which has so long prevailed
in the financial world of Brussels has not entirely
satisfied public
opinion.
The
excessive restrictions
imposed upon the Stock Exchanges in Paris and Berlin
have driven a large volume of business to Brussels,
from which her brokers and financiers have profited
greatly, but the extremely loose rules governing admissions to the Exchange have resulted In the creation of
a lot of Irresponsible brokers who have been ready to
float any "security" on which they could make a
trifling commission.
The payment of an annual patent tax of about $40 has been sufficient to dignify any
sort of an adventurer with the official rank of stock
broker and has created a horde of schemers and blackmailers who have cast reproach upon the stronger and
mechanism
entire
of
speculation
is
devised to
overcome the obstacles to that free transfer of capital
from industries where it is least needed to those
where it is most needed, which may almost be said to
be the Ideal and sole aim of economic science. Unwarranted manipulation by Individuals Is as injurious
to this free play of economic law as governmental
Hence it comes that the necessity for
Interference.
certain regulations Is coming to be recognized in all
countries and danger arises that the fundamental
principle of sound regulation will be forgotten, that
should encourage the unhampered operation of
It
economic law instead of interfering with it.
One of the chief reasons which has led the owners
of great properties to leave them In the hands of voting trusts
the fact that they are thereby protected
is
against speculative manipulation.
It is
undoubtedly
true the direct exercise of the voting power, through
the free participation of each shareholder in the
agement,
preferable in
is
man-
principle to the absolute
control of a few individuals; but where a property
in process of
certain
is
renovations and improvements
more legitimate brokers by the questionable enter- which need to be carried to completion upon a conprises whloh they have been ready to foist upon the sistent scale In order to be of value, It Is not surprising that shareholders are willing to rid themselves of
public.
For a long time France and Germany have imposed the danger of speculative interference by placing
restrictions upon their Stock Exchanges which have their property temporarily in the hands of those whom
been directed to the protection of the Investor, but they judge competent to manage it safely. This is
have In fact operated to greatly hamper legitimate probably one of the reasons why the holders of Erie
business.
In France the recent action of the regular stock have refused to be moved by the efforts making
them
brokers in demanding that persons offering Russian
bonds, Frenoh rentes and some other securities
for sale should be compelled to furnish the num-
to lash
bers of the bonds,
as a free
with
into opposition to the continuation of
their voting trust.
A
market for securities is as desirable an ideal
market for commodities, but in this field, as
other fields of human activity, the law must
free
the view of cutting off
"short sales," is an indication of the power which can in all
be exercised to prevent speculation. The exercise of afford reasonable guaranties against fraud, misrepresuch powers Is usually ill-advised, because it Invites sentation and dishonest manipulation. Eren maniputhe danger,
the market
not permitted to diocount
coming events by short salee, that the crash will be all
the greater when It comes. In this instance, fortunately, the restrictions referred to, after having been
if
is
imposed for a short time, have now again been re
moved, as will be seen by reference to the latter of
our London correspondent on another page to day.
In Germany the regulations adopted in 1896 have
proved so oppressive that the Government has re
cently brought in a bill to modify them. The modifications proposed, however, are too trivial to correct the
with the free play of capital and
credit which was undertaken in 1896 at the demand
of the agrarian interests.
The attempt to destroy
evil of interference
trading In futures, with a view of preventing depres
sion of prices by speculative sales, as was contemplated by the agrarian interests, has completely failed,
which in
not immoral on the part of
the Individual, like the buying up of a controlling
interest in a corporation with the intention of selling
it again, may attain a character sufficiently injurious
o the sane and orderly conduct of large properties to
justify measures to prevent it.
Just how far interference by Stock Exchange committees should go In
such matters is a question of extreme delicacy, whose
answer cannot yet be given at all points with certainty.
It ought to be the aim, however, of the
Sock Exchange committees in this country to so
frame tbelr rales as to reduce to the lowest minimum
consistent with an unfettered market the sort of
speculative manipulation of properties which does not
reflect real ohanges in the demand for capital or cause
lation
It
to
flow
itself is
more readily
finds its highest use.
In the directions In
which
It
—
Ape.
2,
THE CHRONICLE.
1904.
While the fire in Baltimore is now nearly two
months old and has had its day as a onrrent topic, it
will always be epochal, and hence a precedent as an
influence on the character of city building construcThis phaee of it has likewise been re-enforced
tion.
by the more recent fall of an unfinished steel structure
in this city, reminding one that every step in progress
A
its
so
own problems.
gration-blast of heat.
a nuoleus of small wooden
comes realization that this material,
city develops out of
buildings.
Then
hardy and cheap that
inevitably used
first
the last fifteen years, this process having
been rushed, partly because of the competition
which adopts new things, but more by the irresistible
pressure of the city's growth. The steel building has
been disoussed in respect to its problem of light, Its
possible dangers from earthquake, Its prospects of
corrosion, and Its resistance to fire; but, although a
few merely local fires have touched It, there has not
been until now a test of its behavior under a conflaing
LESSONS OF THE BALTIMORE FIRE.
brings
1-247
in a
wooded country
for building,
is
it
is
too hazardous,
Baltimore has supplied this expensive but valuable
cruoial test. Its few tall buildings, not all of them of
the most modern construction, are still standing, erect
and plumb, monuments among the ruins, and appar-
drawn by declaring what is called the ently undisturbed in their integrity as a whole; this is
The exfire limits, within which frame construction is pro- the first fact noted, and it counts for much.
This is not of itself much protection, for pert estimates of 60 per cent of salvage on them canhibited.
while brick is non-inflammable the practical result is not be fully accepted yet; 50 per cent would be safer,
chiefly that a brick wall remains as useless fragments although
depends on what proportion of
this
after a fire where frame would remain as ashes; for the original completed cost went Into foundations
the usual building, brick or frame alike, is in effect a matter which naturally varies with character of site
literally a stove with vertical and horizontal flues, and lavishness of interior fittings.
In contrast, buildfilled with combustible oontents and sure to be de- ings of cut stone, such as are numerous here, are now
stroyed with those.
roofless Bhells or entirely down. One bank building, of
Nevertheless, experience proved in 1871 and 1872 narrow frontage and five stories high, came through
that a well-made brick wall withstands fire best. This with its banking room (on the ground floor) en
was shown also at the burning of the old Potter Build- tirely uninjured, the glass globes enclosing the
being
cracked, while
even
ing at Park Bow and Beekman Street ; the " Times," celling lights not
occupying the rest of the block, went placidly on with the other stories, unprotected by any attempt at
One building was
were destroyed.
its business while the fire beat upon a thick and un- fireproofing,
careful
builders
had
carwhich
the
broken party wall
seriously damaged internally, in consequence of faulty
ried up from ground to roof as provision against that construction of the floor arches; as the wood-skins
When the twin buildings of the Har. burned away underneath the safes they had several
very need.
pars were replaced, after a fire, some half- century inches drop before reaching the arch proper and
ago, a system of shallow brick arches was used, broke through, thus gaining a momentum which carresting on arched iron girders joined by an iron tie- ried them to the basement. An impressive case is that
rod like the string of a bow, and the whole carried of another building, where the steel columns had been
on round iron pillars. The wooden floor-skins and covered with protective terra cotta, but piping had
window frames are the only inflammable material, been tucked away out of sight within the angles of
but the entire supporting iron system, floor above the columns; on one floor this piping expanded with
is
uncovered to an interior fire; on the the heat, bent outward, and tore off the terra cotta,
floor,
other hand, there is no opening whatever through uncovering the columns, which buckled and distorted
the floors, access to them being had by a circular iron out of shape. Wherever external iron or structural steel
stair in a brick shaft in the courtyard between the within was either left uncovered or became exposed
buildings, with which it is joined by iron bridges. as in one case where ornamental marble tiles split off
With its combined advantages and disadvantages, the from walls and ceilings the metal suffered inj ury. The
former being the weightier, this early piece of at- lesson that all steel work must be thoroughly protected
tempted safe construction is still excellent, in its by brick or terra cotta or cement is perfectly plain.
location and for its purpose.
As for the "iron-front"
A brief reference to the Darlington Hotel disaster
type, of which the north corner of Broadway and is proper here.
A settling of foundations, as from
Warren Street shows a pronounced specimen, it is quicksand, would merely tilt the unfinished skeleton
little better than wood and far inferior to brick; heat out of plumb, and the natural result of putting an
will quickly destroy its integrity and support.
overload of material in one place would be to sag
The most completely fire- defying structure is un- down, or perhaps break off, the portions thus overdoubtedly of brick, with the least admixture of wood strained. Tumbling of the whole into a tangled heap of
or of out stone, for the latter is as perishable u; der its members like so many jackstraws Indicates that the
fire as it Is enduring against time.
But this ware- material was worthless or seriously defective, or that the
house-type of construction requires a thickness riveting was nominal and Insufficient; or that the
of wall directly proportioned
height, or it skeleton had been too swiftly run upward with its
to
will not stand; therefore a tall masonry building vertical and a few horizontal members, without putwould waste ^o much ground area that it is commer- ting in the braces and floor beams, which alone can
and a
line is
—
where land is costly. The passen- stiffen the whole into a structure. Probably there
ger elevator could have been had thirty years ago, but has been too much of rapid and speculative erection
there were no ten or more stories to be reached by it. of these family hotels, under conditions which tend to
Discovery of the steel skeleton a modern bridge "scamped" workmanship and compulsory purchase of
standing on end, with cars running through it made inferior material ; at least the disaster is no impeachan indefinite height possible and started a reconstruc- ment of the skeleton type.
tion of great cities.
As seen from Brooklyn, the
But the Baltimore test goes beyond teaching that
sky-line of lower New York has been changing dur- structural steel must be thoroughly protected. Fire
cially impossible
—
—
THE CHRONICLE.
1*248
entered, in every instance, through roofs or windows
aad it ia plain that a fireproofed atructure, with ordi-
nary akylighta and windows, is like a steel vault with
doors op9D. For skylights there is only one material
known; for window protection there are two, shut
Toe 8hutter haa defecta, one
and wire-glass.
to be left open,
it
is liable
ia that
of which
as the camera shows that many in Baltimore were;
the camera alao ahowa that many Iron ahuttera,
whether open or shut, were twisted out of shape or
even rolled up like paper by the heat. Wire-glass
tera
(desorlbed in the
Chronicle
several
years ago)
is
simply glass in the centre of which wire netting of
large mesh is placed during casting; the glass protects
the wire and the wire in turn holds the glass in poSome
sition, however finely It ia cracked by heat.
heat ia transmitted through the glass, but not much,
for it ia a familiar fact;that while the sun's heat readily
passes through windows the artificial heat within
[Vol. lxxviii.
HAVE DEFAULTED STATE BONDS BEEN
GIVEN A
NEW VALUE?
There has been considerable discussion this week
of a decision of the United States Supreme Court
involving an old issue of defaulted State bonds, and
holders of repudiated bonds have been encouraged to
think that this decision may Invest some of the obAn attempt
ligations of this clasB with new life.
haa also been made, though without much success,
to revive speculative interest In repudiated bonds
The decision has
previously dormant In the market.
been treated as If it had just been rendered. As a matter
of fact it is over two months old, the ruling and
opinion of the Court having been delivered February
1.
The facts of the case were stated quite at length
in the State and City Department of the Chboniclb
of February 6 (page 594), but owing to the new interest manifested in the matter, it will be useful and
rooms is retained. If metal frames are uaed and ix the desirable to pass them briefly In review again.
The action was that of the State of South Dakota
window Is double, with an air-space inclosed, wireuntil
the blast of heat against the State of North Carolina and embodied some
fire
glass will exclude
(If
that is attainable in any conflagration) melts unusual features. South Dakota had brought suit to rethe glass out of its place. It is evident that some cover on bonds and coupons issued by North Carolina
buildings in Baltimore were saved by wire-glass and secured by the stock of the North Carolina Railroad
skylights and windows, and that if a few high exposed Co. South Dakota came into possession of the bonds
windows in the Home Life building, some ten or In a very peculiar way. They were donated to the
twelve years ago, had been thus protected, a quarter- State by an owner of a considerable amount of the
f
million would have been saved. Properly constructed bonds, who, recognizing tba he could not himself
and kept closed (and fire can be made to automatical- sue the State of North Carolina, sought to secure a
ly do the closing), such a window is practically as possible recognition of the debt by getting South
Yet very few win- Dakota to act as plaintiff. His letter donating the
defensive aa the unbroken wall.
dows in New York, even in nominally fireproof build- bonds was cleverly written, saying that he had been
ings, are protected in any manner ; to use the figure advised that the owners of the bonds could not mainagain, the vault with its valuable contents is left with tain an action on the same against the State of North
Carolina, but that such a suit could be prosecuted on
paper doors.
In this country we are losing annually by fire abjut behalf of one of the States; and the owners, he dethe estimated cost of the Panama Canal, and moat of clared, would prefer to use them in this way rather
it is preventible.
The menace of it, and the burden than take the trifle which wa? offered by the debtor.
of insurance rates
which positively must matcn the By Section 2, Article III, of the Federal Constituhazard, however heavily they bear are beooming tion, the Supreme Court is given original jurisdiction
serious.
The steel skeleton, well protected itself and in controversies between two or more States. The
,
—
—
openings protected, la the beat type we have. Constitution as it originally stood also gave to the
We cannot rationally say that nothing better will Court jurisdiction in controversies ''between a State
ever be found, and material and detail of the applied and citizens of another State;" but this was changed
protection may be further Improved; but this is the by the Eleventh Amendment, which provides that --Che
highest known type, and probably the ultimate fire judicial power of the United States shall not be conresistant.
strued to extend to any suit in law or equity com-
with
its
After
only a
all
the activity in this form of construction,
percentage of the area of business New
trifling
York has been
matter, and
It
The change is a commercial
cannot be made rapidly; on the other
rebuilt.
menced or prosecuted against one
States by citizens of another
subjects of any foreign State."
the
bonds
was
not
of
the United
State or by citizens or
qualified
Clearly the holder of
to take
proceedings
hand, the assumption that the cost of the steel type against the State in his own name.
1b prohibitory except where population and vaiuea are
The State of South Dakota was successful in its
most concentrated ia not certainly well-founded. suit at least it secured judgment at the hands of the
For atructural steel is a product of the same Supreme Court for $27,400, being the principal sum
lowering in the cost of iron and steel that haa made of $10,000 bonds and overdue coupons. A distinct
steel rails and cheap
freights possible, and it Is feature of the bonds, as already noted, was that they
not to be assumed that the end of this reduction is were secured by a second mortgage on the stock of
reached yet; on the other hand, the coat of office the North Carolina Eailroad held by the State, each one
buildlnga ia largely in lavlah and luxurloua flttlnga, thousand dollar bond having ten $100 shares of stock
which add nothing to fire reaiatance or to mere utll back of it. During and following the Civil War the
ity.
A fireproofed building ia not necessarily costly, State of North Carolina became financially embarrelatively apeaking, and the wire-gla8s window can be rassed, and was obliged to default In the payment of
applied to any old atructure. There la some reason the Interest on its public debt. In 1879 It proposed
—
an adjustment of its financial affairs, and the adjusttion In a new start for improved construction as well ment waB agreed to by a vast majority of the bondas in aotual adoption of the long-awaited salt water holders. In the case of the bonds in suit holders were
scheme.
given 25. per cent of new bonds in full exchange,
to believe that the Baltimore loss will bring
compensa
Apr.
2,
THE CHRONICLE.
1904.]
1249
these bonds not purporting to be secured by any mort
gage of the stock of the North Carolina Railroad. All
comlDg into this Court and invoking its jurisdiction
to compel payment of those bonds and a subjection of
the bonds of the issue in dispute were turned in except the mortgaged property to the satisfaction of the
about $250,000 held by the parties who have become debt."
A still more knotty point came up. This was
prominent in the present suit. In 1901, twenty-two
debt-adjustment,
these
Carolina's
nothing less than the contention that there was no
yeaTS after North
petition
the
Legislature
North
a
to
of
addressed
power in the Court to enforce its judgment and that
parties
Carolina saying that the petitioners had not availed such laok of power was conclusive evidence that notof the adjustment because they preferred waiting a
restoration of the credit of the State, and trusted that
withstanding the general language of the Constitution, there is an implied exception of actions brought
Jastioe Brewer admitted the diffito recover money.
the stock of the North Carolina railroad might ultimately prove adequate to pay the bonds as reduced culties in the way, but disposed of them in a unique
through the adjustment. It was declared that tbis way. It Is desirable to quote his language in full on
had been accomplished that in consequence of the
reduced amount of the North Carolina Railroad bonds,
brought about by the adjustment, and the retirement
thereby effected of all the bonds of the Western North
Carolina Railroad, except the small amount held or
represented by the petitioners (there were two issues
secured by the stock), the stock of the North Carolina
Railroad held by the State, if sold, would be adequate
to pay both series and leave a balance in favor of the
;
which we accordingly do.
Notwithstanding the embarrassments which surround the question, it 1b directly presented, and may
have to be determined before the case is finally conthis point,
cluded, but for the present it Is sufficient to state the
question with its difficulties.
There is in this case a mortgage of property, and
the sale of that property under a foreclosure may satIf that should be the reisfy the plaintiff's claim.
sult, there would be no necessity for a personal judgment against the State. That the State Is a necessary
They stated that they were aware that their party to the foreclosure of the mortgage was settled
State.
claims against the State could not be judicially en- by Christian vs. Atlantic & N. C. RR. Co., 133 U. 8.
forced either in the State or Federal courts, but they 333, 33L. ed. 589, 10 Sup. Ct. rep. 260. Equity is
prayed that an appropriation might be made to pay satisfied by a decree for a foreclosure and sale of the
mortgaged property, leaving the question of a j adgtheir bonds, principal and accumulated interest, or
ment over for any deficiency to be determined when,
that an Act be passed authorizing suit in the courts if ever, it arises. And surely if, as we have often
to enforce the mortgage lien asserted to exist on the held, this Court has jurisdiction of an action of one
stock of the North Carolina Railroad. It is needless State against another to recover a tract of land, there
would seem to be no doubt of the jurisdiction of one
to say that the prayer was not granted.
to enforce the delivery of personal property.
It will be seen that the petitioners sought to profit
decree will therefore be entered which after findat the expense of the bondholders who in 1879 ac
ing the amount due on the bonds and coupons in suit
cepted the State's terms of settlement and compro- to b9 $27,400, and that the same are secured by 100
mised for twenty-five cents on the dollar. Several shares of the stock of the North Carolina Railroad
of North Caroltna, shall
interesting legal questions arose in connection with Co. belonging to the State
order that the said State of North C arolina pay Bald
the suit. la the first place, the method by whioh
amount with costs of suit to the State of SDUth DaSouth Dakota obtained possession of the bonds was kota on or before the first Monday of January 1905,
peouliar.
Could it obtain legal title to the bonds in and that in default of such payment an order of sale
that way, especially as the donors of the ten bonds on be issued to the Marshal of this Court directing him
to sell at public auction all the interest of the State of
which South Dakota sued, had expressly admitted
North Carolina in and to 100 shares of the capital
that they made the donation because South Dakota
stock of the North Carolina Railroad Co., such sale to
might be able to get something out of the bonds where be made at the east front door of the Capitol Building
the donois could not ? As in the case of all recent in this city.
The outcome of this very interesting case will be
important judgments by the Supreme Court, the de-
A
South Dakota was that of a divided
Jastices standing on the majority side and
cision in favor of
Court,
five
four on the minority side.
were White, Fuller,
The
dissenting Justices
McKenna and Day.
Justice
closely watched.
ITEMS ABOUT BANKS BANKERS AND TRUST CO'8.
—The public eales of bank stocks this week aggregate 106
White read the minority opinion, vigorously opposing shares, of which 69 shares were sold at the Stock Exchange
the majority on all important and 87 shares at auction. The transactions in trust company
the conclusions of
stocks reach a total of 126 shares.
point?.
Justice Brewer wrote the prevailing opinion.
He
declared that there could be no question respecting
South Dakota to the bonds. He admitted
tf
probably the donor made the gift under a not
that
unreasonable expectation that South Dakota would
bring an action against North Carolina to enforce
these bonds, and that such action might inure to his
benefit as the owner of other like bonds." But he
Insisted that the motive with which a gift is made,
whether good or bad, does not affect its validity or
the question of jurisdiction, and he cited authorities
in support of this contention.
"The title of South
Dakota is as perfect as though it had received these
bonds directly from North Carolina. We have therefore before us the case of a State with an unquestionable title to bonds Issued by another State secured by
a mortgage of railroad stock belonging to that State,
the
title of
of the N. Y. Life Insurance
as against 1050 in
sale
was made.
Banes— Nsw
Shares.
Trust Co. was sold at 1057J^,
when the last previous
1903,
Tork.
Price.
'69Commeroe, National Bank
4 Gallatin National Bank
20 New York. N. B. A., Bank
1 Oriental
&
September
A lot of 20 shares of stook
of..
802i*-203
390
of...
Bank
6 Park Bank, National
285i*
232
458*9-460
127
Ward Bank
Trust Companies— New Tork.
495
100 Manhattan Trust Co
1057*9
20 N. Y. Life Ins. A Trust Co
Trust Companies —Brooklyn.
1 Long Island Loan & Trust Co.. 295*9
340
5 People's Trust Co
6 Twelfth
*
Last
Mar.
Mar.
Mar.
previous tale,
190419041904—
Jan. 1904Mar. 1904—
Jan. 1902-
204
392?i
288*6
234
456
130
Oct 1903— 501
Sept 1903— 1050
July 1902- 820**
Mar. 1904— 350
Sold at the Stook Exchange.
— Many expressions of
regret have been heard in financial
circles this week over the death on Sunday last of Thomas
Lyman Greene, Vice-President and General Manager of The
Audit Company of New York. Mr. Greene possessed attain
in his capacity as General Manager of the Audit Company did much to raise the standard
of the accountant's work. Mr. Greene was born in Albany,
ments of a high order, and
THE CHRONICLE
1250
York, January 16 1861. He was a son of Thomas
Lyman Greene, one of the pioneer managers of what is now
the Boston & Albany Railroad System, and was educated at
the Albany Academy. He began his business career as a
clerk in his father's office at Albany, and was appointed a
District Manager of the West Sbore Railroad when it was
independent. He came to New York in 1885, and was a
specialist in transportation and corporation matters for
various firms and companies. From 1689 to 1895 he was connected with the " New York Evening Post" as financial and
corporation writer. From 1895 to 1897 he acted as Auditor
of the Manhattan Trust Company, New York City, and when
In 1897 The Audit Company of New York was organized, he
was made its Vice-President and General Manager.
Mr. Greene's best known literary work is " Corporation
Finance," published in 1897, which was favorably reviewed in
our oolumns at the time. He has written much for magazines,
periodicals and newspapers, and was an authority on matters
oi financial practice.
As such, he was selected a member of
of Commerce, Accounts and
School
Faculty
of
the
the
Finance, when the latter was organized some years ago by
the New York University. During the past year he lectured
before Brown University, and subsequently addressed the
members of Harvard University, on the latter ocoasion
taking as his subject the " Capitalization of Corporations."
In February of this year he was retained by the AttorneyGeneral of the State of Michigan to act as speoial expert to
assist in the solution of the problem of taxing franchises in
New
that State.
—On March
New York Security
permanent board of trustees.
The permanent board comprise* the temporary board, besides
six additional trustees, increasing the directorate from
twenty-four to thirty members. The following gentlemen
compose the new board: Otto T. Bannard, James A, Blair,
Robert W. De Forest, John B. Dennis, Charles S. Fairchild,
George W. Perkins, Marshall Field, Charles W. Harkness,
James J. Hill, F. N. Hoffetot, Frederic B. Jennings, Woodbury Langdon, John A. McCall, Gordon Macdonald, John J.
Mitchell, Charles Parsons, John S. Phipps, E. Parmalee
Prentice, Norman B. Ream, B. Aymar Sands, John W.
Sterling, James Stillman, P. A. Valentine, Edmund D. Randolph. S. Reading Bertron, Oaborn W. Bright, Walter Jennings, Willard V. King, Myles Tierney and Alexander S.
Webb Jr. As previously reported in the Chronicle the
officers of the company are: Otto T. Bannard, President:
Osborn W. Bright, First Vice-President; Willard V. King,
Second Vice-President; Alexander S. Webb Jr., Third VicePresident; Henry E. Ahem, Secretary; Mortimer N. Buckner, Treasurer; Frederick J. Home, Assistant Secretary, and
Herbert W. Morse, Second Assistant Secretary.
&
Trust
28 the stockholders of the
Company
—Mr. Edward
elected a
Ryan, assignee for the Stock Exchange
& Co., which, as a result of embarrassment arising out of the "Webo-Meyer " group of stocks,
suppended on May 5 1902, was discharged on Wednesday of
this week by order of the Court, and the firm was restored
to full privileges on the Exchange. It is stated that the
creditors received about seventy five cents on the dollar.
At the annual meeting of the Cooper Exchange Bank,
Second Street and Avenue '• A," on March 31st, stockholders
T.
firm of Lockwood,
Hurd
—
elected directors for the ensuing year.
The following gen-
tlemen were choeen
Samuel Gotthelf, Theodore P. Gilman,
Morris H. Hayman, Max Schwartz, Paul Taylor Brown,
Albeit Weisa and JuliuB Lichtenstein. The Cooper Exchange
:
Bank commenced business in June 1903 with $100,000 capital
and $60,000 Burplus. Its officers are Samuel Gotthelf, President
Theodore P. Oilman, Vice-President, and George F.
Krapp, Cashier.
:
;
—The New York
National Exchange Bank of this city has
useful little cardboard maps treating of
the payment of negotiable instruments in all States and Territories, including our foreign possessions.
The card on
which the map is printed is the same siza as that issued last
issued another of
its
10^x14 inches. The States on whioh no grace Is
allowed are printed in white; those in which grace is allowed
on sight and time paper are in blue; States in which graoe
is granted on time paper only are in red, while shaded
lines
indicate the States which allow grace on sight
paper only. For each State notations are made upon the
map explaining when a note is payable which falls due upon
year, viz,,
a
Sunday or
|
holiday.
The card
Vol. lxxyiii.
also gives a holiday calendar
showing holidays in all States and Territories which affect
the maturity of negotiable instruments, and also giving the
legal and contract interest rates. The idea, which is copyrighted by Mr. David H. G. Penny, the Assistant Cashier
of the bank, is claimed to be the result of a most painstaking
endeavor to obtain absolute aocuracy in presenting the
various features covered. This map should prove a most
useful addition to any banking office. Under the management of President Lewis E. Pierson, the New York National
Exchange Bank takes rank with the progressive institutions
of the day.
—Messrs. Goldman, Sachs & Company of
Nassau Street
have this week removed to fine new offices oc the second
floor of the Wall Street Exchange Building, 45-59 Exchange
31
Place.
—The
North Side Bank of Brooklyn, N. Y. has called a
,
special meeting of its stockholders for April 20 to vote
upon
a proposition to amend the articles of association of the institution so a? to allow of the establishment of a branch.
The new branch, it is stated, will be located at Grand Street
and Graham Avenue. Mr. Thomas W. Kiley is President,
and Mr. Paul E. Bonner, Cashier.
—The Queens County
which we referred
Trust Co, of Jamaica, N. Y.,
—to
February 6 —has received
the necessary authority to open for business from the State
Superintendent of Banking and has obtained the lease of
a building in a prominent locality of Jamaica for its quarThe capital of $500,000 has been subscribed for at 120,
ters.
thus giving the new institution a surplus fund of $100,000.
The new company will be officered by the following: President, Frank Squier, formerly Park Commissioner of Brooklyn; First Vice-President, Col. William M. Griffith, who is a
former Secretary to Governor Black; Second Vice-President,
John E. Backus; Counsel, William F. Wyckoff.
The Hudson County National Bank of Jersey City has
in our issue of
—
declared a quarterly dividend of %% percent, thus increasing
the dividend rate from 12 to 14 per cent per annum.
— Messrs.
Denison, Prior & Co. on Monday removed their
Boston offices from 8 Exchange Place to new quarters at 24
Milk St.
—The Committee on Banks and Banking of the Massachusetts State Legislature on Mar. 21 voted to report favorably
the general trust company bill, which has been under consideration for some time. The bill provides that a trust company
orgacized under the Act must commence business within a
year of the date of incorporation or forfeit its charter; it
less than fifteen directors, each of whom must
own at least ten unpledged shares of the capital stock of
the institution. The capital must be not less than $500,000,
in shares of $100 each, except in towns with a population of
less tban 100,000, in which case a capital of $200,000 is allowed.
Section 12 of the bill provides that the Board of Commissioners of Savings Banks may authorize a company in writing to
maintain a branch office in the city or town in which its
main office is located, for the sole purpose of receiving depositp, paying checks and transacting a safe-deposit business,
and no branch office shall be maintained without auch authority. In addition to directors being shareholders, a majority must be citizens of Massachusetts and not more than
one-third shall be directors in any other trust company. A
company "must have on hand as a reserve an amount equal to
at least 15 per centum of the aggregate amount of its deposits.
Not leas than one-third of such reserve shall consist of lawful money of the United States, and not more than one-half
of the remainder of suoh reserve may consist of balance?,
payable on demand, due from any national banking association doing business in this Commonwealth or in the city of
New York, and the balance of said remainder may consist of
bonds of the United States or of this Commonwealth, computed at their par value, which are the absolute property of
such corporation." Every trust company must set aside as a
guaranty fund not less than 10 per cent of its net earnings
until the fund is equal to 25 per cent of the institution's cap-
must have not
ital.
—
The new interests identified with the Mount Vernon
National Bank of Boston have decided to discontinue paying
dividends for the present and to add the earnings to the surplus fund. When a larger surplus is accumulated, dividends
will be re-commenced.
Apr.
2,
THE CHRONICLE
1904.]
— Mr. C. C. Patten has been
elected Assistant Cashier of
the Old Boston National Bank of Boston, to succeed Mr. T.
F. Pratt.
—
that city.
1251
No
details are as yet available.
The
Citizens'
Savings & Trust Company has a capital of $4,000,000, surplus
and undivided profits of $2,280,000 and deposits of $27,000,000, while the Prudential Trust Company has a capital of
$600,000, surplus and undivided profits of $167,000 and dex
million dollars.
posits ot about \ /i
The Union Trust Co. of Boston closed its doors on Thursday by order of the State Banking Department. The reason
given is that heavy withdrawals of deposits have occurred
The Federal Trust Comp any of Cleveland on Thursday
lately and the officials of the institution found it impossible
The institution bad a capital of made an assignment to the Guardian Trust Company, also
to realize upon the assets.
$100,000, surplus and undivided profits of about $150,000 and of Cleveland. The Federal Trust Company has a capital of
deposits of $1, 838,000. William E. Barrett is President, $1,500,000, surplus and undivided profits of $167,481 and deIt was reported abont two weeks ago
J. W. Dunpby, Vice-President, and F. G. Roberts, Treasurer. posits of $1,593,228.
then pending for the consolidation of
that
negotiations
were
Mr. Morton McMichael, President of the First National
the Guardian Trust Company, to
Federal
Trust
with
the
Bank of Philadelphia, died in that city on Monday of heart
Mr. McMichael was 68 years of age. He had been whom the assignment is made, and, it is now stated, that
disease.
President of the baDk only since January, at which time he owing to the assignment, the Guardian will immediately
was promoted from Vice President to President, to succeed take over the assets and liabilities of the Federal, thus effect-
—
—
ing the merger.
Mr. George Philler.
—The new Defiance City Bank, which —as stated in our
—There have been reports this week that a consolidation
was pending of the Fourth Street National Bank of Phila- issue of March 12th— is to take the place of the failed Produce
delphia and the First National Bank of the same city. These Exchange Banking Co.'s branch, opened for business on
Tuesday, March 22d. The names of the officials were given
reports, however, are denied by the officials of both institu
in onr issue of March 12.
The capital is $100,000.
tlons.
—A
new bank
for Philadelphia
is
announced, the new
bank to be a State institution and to be called The Bank of
Commerce. It is to have a capital of $200,000, the price of
shares being $125, thus creating a surplus fund of $50,000.
The
objeot of the
new
institution is to
make
loans to small
—The Commercial
Trust Co. of Indianapolis closed its
doors on Monday, owing, it is stated, to the fact that Auditor
of State Sherrick was about to bring suit for the appointment
of a receiver. The President of the institution, Mr. C. C.
Pierce Jr., states that depositors will be paid in full, but
that stockholders will suffer losses. The Commercial Trust
Co. has a capital of $111,176; surplus of $2,717, and a small
manufacturing and mercantile houses, to enable them to
build up their business. The bank will also do a general
banking business. Mr. Isaac Blum is to be President, Mr. volume of deposits.
Lewis W. Wister Vice-President and Mr. W. Oliver Craig
—The stock and bond house of A. O. Slaughter Jr. & Co.,
Cashier. The quarters of the new bank will probably be Chicago, will move, May 1, one door east of their present
located in the financial district, and the bank is expected to quarters, occupying No. 189 Monroe Street, in the New York
open for business abont June 1.
Life Building. These offices are much larger than their
—Mr. JohnH. Danby, formerly Vice- President and Cashier present quarters, which they have found entirely tco
of the Union National Bank of Wilmington, Del., has re- cramped for their business.
signed as Cashier and will be succeeded by Mr. J. Chester
—The advertising department of the Northern Trust ComGibeon, formerly Assistant Cashier. Mr. Danby, however, pany's Bank of Chicago, in charge of Mr. Robertson, sends
will retain the Vice-Presidency and Mr. Preston Lea remains out very telling bank literature. The bank's statement of
the President.
March 22 comes to us in unique and sumptuous form, on
Mr. William A. Mason, formerly National Bank Ex- tinted paper, large quarto, printed in black and red, and conaminer, has been elected President of the Commercial & taining, besides the lists of officers and directors, the names
Farmers' National Bank of Baltimore. As is well known, of all stockholders in the bank.
this bank has recently been in difficulties, and Mr. Mason's
—The deposits of the Merchants' Loan & Trust Company
—
election to the post of chief executive is the final step in the
rehabilitation of the institution. Comptroller Ridgely speaks
March 22d, were
approximately $41,000,000. During the month over $42,000,in the highest terms of the qualifications of Mr. Mason, and 000 deposits were recorded on a single day, which is highexpresses regret over the loss of his services to the Govern- water mark for this oldest of Chicago banks. The savings
ment. We referred two weeks ago to the changes in the deposits alone exceed $4,000,000.
capital of the bank and the action of the Baltimore Clearing
—One of Chicago's oldest bankers, Thomas Lawrence ForHouse Association.
rest, died last week at the age of 85.
He was Irish by birth
Mr. Paul A. Seeger has been elected Vice-President of and migrated to Chicago about 1845. He established the
the Drovers' & Meet auics' National Bank of Baltimore to Onion Bank in the early fifties, and in 1872 was associated
succeed Mr. Leopold Strouse, deceased.
with others in the founding of the Hide & Leather Bank.
—The members of the Pittsburgh Stock Exchange, at a He retired from active business more than ten years ago.
meeting on Tuesday of this week, decided by a unanimous
The People's National Bank of Lynchburg, Va., has
vote to resume public dealings in bank and trust company increased its capital stock from $200,000 to $250,000 by the
stocks under certain restrictions and regulations which do issuance of 500 new shares at $200 a share. This will also
not apply to the general list of securities. Beginning April increase the surplus from $210,000 to $260,0C0.
4 there will be calls from 12 to 12:80 P. m. on Mondays,
—Announcement is made in the Norfolk papers of a
Wednesdays and Fridays of each week devoted exclusively to
change in tne control of the Citizens' Bank of that city. The
bank and trust company stocks. Quotations on nothing less
control, it is stated, was purchased last week by a syndicate
than fifty shares will be officially posted, but traders will
headed by George A. Schmelz, who is one of the directors.
have the privilege of buying and selling lots in multiples of
Mr. Schmelz, according to the reports, acquired 1,700 out of
ten shares. Dealings in bank and trust shares have been
the 3,000 shares of the bank, paying as high as 250 per share.
suspended on the Pittsburgh Stock Exchange since the third
It is stated that the new interests in the Citizens' will turn
week of last October.
over their stock to the National Bank of Commerce and that
—Mr. Frank L Phillips has been elected Vice-President a merger of the Citizens' Bank into the National Bank of
and Treasurer of the Guarantee Title & Trust Co. of Pitts Commerce will shortly be effected.
of Chicago, according to the statement of
—
—
burgh.
—The new building of the Fort Worth National Bank of
—Announcement is made that a charter will be asked on Fort Worth, Texas, ranks among the finest in the South. It
June 24 for a new State bank for Pittsburgh, the name of is a seven story and basement modern office building and is
the new institution to be The Park Bank and the capital
located on the corner of Main and Fifth streets. It has been
$50,000, in shares of $50 eaeh.
Messrs. Charles A. Finley,
McNeil, A. C. Sha'er, Samuel
Among those interested are
W. B. Cathcart, George W.
erected
upon a
vitrified
fireproof construction.
brick foundation and
The
first
two
is
of steel
and
stories are of buff Bed-
Sturm and George Wagner.
ford stone; the third to the sixth stories of silver gray pressed
—It was announced on Thursday that the Citizens' Savings briok trimmed with cream brick and cream terra cotta, and
& Trust Company of Cleveland had concluded arrangements the seventh story cream brick and cornice of cream colored
for the absorption of the Prudential Trust Company also of semi-glazed terra cotta. The halls and corridors have floors
.
THE CHRONICLE
1252
[Vol. lxxviii.
and a four-foot wainscot of white Georgia the exports of silver were $428,912, of which $404,278 was
room has a marble mosiac floor> bullion. For the eight months the exports of gold reached
banking
The
marble wainscot, marble columns, and rich arched and $636,349, against $1,955,420 in 1902-03 and $1,626,239 silver
paneled ceiling, with plastic relief, ornamented beams and was sent out, against $5,985,776 in 1902-03. The exhibit for
panels. The woodwork for finish and doors in banking room February and for the eight months is as follows:
IMPOSTS OF GOLD AND SILVER AT SAN FRANCISCO.
and halls is of genuine mahogany and in the offices of rich
golden oak. Power for the building is supplied by its own
SILVER.
GOLD.
MONTHS.
boilers,
duplicate
of
power plant in the basement, consisting
Bullion.
Total.
Coin. Bullion.
Total.
Oo\n.
engines and generators. The vaults for the uee of the bank
1903-04.
9
$
$
9
$
9
are of white marble from floor to ceiling with massive July
1,461,735
132,557 1,594,292 84,018 276.47SS 360,490
202,48\. 202,482
2,487,550
203,252 2,640.802
burglar doors finished in bronze and nickel. The cash vault August
221,305
September 1,703,547
70,679 1,774.226
221,80?
and safety deposit vault are lined with chrome steel. We October... 1,462,042 261,575 1,723.617 83,600 438,776' 522.376
358,524
November.
11.365
251,354 262,719
8,215
360,309
referred in our issue of February 27 to the institution's Deoember. 2,387,805 133,329 2,521,134 29,760 325,411
355.161
755 308,381 309,136
two years. January. 2,565,623 200,858 2,755,981
last
noteworthy growth in business the
February.. 2,469,820 380.453 2,850,27i
384,248
867 833,881
The offioers of the Fort Worth National Bank are: President, K. M. Van Zandt; Vice-President, R. L. Ellison; Tot. 8 moe. 14.480.187 1,633,557 10,128.041 206.706 2,457,017 2.663.722
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
Cashier, N. Harding; Assistant Cashier, L. C. Hutchins.
of ceramic tiles
marble.
.
—A new banking institution for Los Angeles
name
organized, the
of the
new
is
now
concern to be the
being
GOLD.
Home
Savings Bank and its capital $200,000. All the stock, it is
stated, has been subscribed and the following directors
chosen: R. J. Waters, W. F. 8wayze, J. M. Hale, J. H.
Bullard, Reese Llewellyn, William Meek, Herbert J. Goudge,
C. M. Staub, H. J. Whitley, O J. Wigdal and Isaac Springer.
Mr. O, J. Wigdal, it is stated, will be Cashier.
—The
Merchants' Trust Co. of Los Angeles, which was
being organized in July last, has elected the following
officials:
President, W. J. Brant; Vice-President, Byron
Erkenbrecher; Secretary, William G. Blewett; Treasurer, J.
M. Elliott; General Manager, L, L. Elliott. It is stated
that work will commence on the institution's new building
on South Broadway in about twomontbs, and that it will be
completed about November, at a cost of about $800,000. The
capital of the institution, it is stated, will be $500,000.
—The
Southwestern National Bank of Los Angeles, Cal.,
has appointed H. B. Kay and E. D. Elliott as Assistant Cashiers.
The Southwestern National opened for business on
January 20 1902, and on July 20 1902 deposits were $474,706;
on January 20 1908 they had risen to $740,162; on July 20
1908 to $954,220, and on January 20 1904 they had reached
the sum of $1,121,503. The capital is $300,000 and undivided
profits January 20 1904 were $26,305, while total resources
amounted to $1,648,638. The institution is officered by John
S. Cravens, President; E. J. Marshall, George J. Denis and
Harry Gray, Vice-Presidents; and A. B. Jones, Cashier.
—Mr. Adam
Grant, President of the Donohoe-Kelly Banking Co. of San Franoisco, died in that city on the 21st
ultimo in his 76th year.
Bullion.
Voin.
1903-04.
July
AUgUBt
T~
5,905
February..
6,480
11,996
5,880
10,745
10,710
5,319
8,185
Cot. 8 moe.
60,819
September
Ootober...
November.
Deoember.
January ..
9
574,060
i",i"oo
650
820
576,130
SILVER.
Total.
Ooin.
Bullion.
9
9
9
579,965 120,792
6,480 76.760
13,095 74,619
4,203
5,880
8,055
11,395
11,030 13,373
5,819 141,384
3,185 24,639
143,800
261,900
71,000
75,440
82,000
124,500
404,273
Total.
9
120,792
220,060
836,619
75.203
83,495
95,378
265,884
428,912
636.849 463.825 1,162,413*1,626.238
ffioutt&x%J(&ommzxtinl%UQlisU^zxo&
[From our own correspondent.!
London, Saturday. March 19, 1904.
There has been almost continuous improvement in the stock
markets during the week. The importation of Chinese labor
into the Transvaal is now assured.
The relations between
this country and France are growing better and better.
Negotiations are going on for the friendly settlement of all
the questions outstanding between the two countries. This
is most important, as it makes certain what indeed nobody
doubted before, that the war in the Far East will be localized; that England and France will use their influence to
maintain peace in Europe; that they will be supported by
Italy and Austria- Hungary at the least; and that their influence likewise will be used for compelling the Sultan to
make the necessary reforms in Macedonia.
Moreover, the agents d<? change, who are the official members of the parquet or official bourse of Paris, removed on
Monday the restrictions which they had recently imposed
upon
speculative dealings. Alarmed by the break that took
—The Hong Kong & Shanghai Banking Corporation has
issued its seventy- seventh half-yearly report and balance place in the middle of February, they insisted that persons
sheet as of 31st December last. The net profits for the half wishing to sell French rentes, Russian bonds, and some other
year, including $1,435,683 balance from last account, after securities, should either give the numbers of the certificates
paying all oharges, deducting interest paid and due, and or else produce the certificates themselves. This prevented
making provision for bad and doubtful accounts, amounted all speculative dealings in the parquet, and even in the
to $3,771,886 08. The directors recommended the transfer of coulisse or outside bourse, because the members of the
$500,000 from profit and loss to the silver reserve fund, which coulisse recognized that they could not undo in the official
fund will then stand at $6,500,000; the sterling reserve is market any bargains into which they entered in the outside
$10,000,000 and the capital, all paid up, is $10,000,000. The market. The restrictions made a bad impression and at the
reserve liability of proprietors is $10,000,000. The directors end of last week the agents de change decided that on and
recommended the payment of a dividend of one pound ten after Monday of this week the restrictions should come to an
shillings per share and a bonuB of ten shillings per share. end. As soon as this became known, there was a general
improvement in Paris. It was taken to imply that the MinThe assets foot up $267,791,759 86.
istry of Finance and the official market were of opinion that
the dangers against which they had been guarding were now
at an end. Therefore, the "bears" began to buy upon a
IMPORTS
OF GOLD
AND EXPORTS
SILVER AT SAN FRANOISCO.
AND
The Collector of Customs at San Francisco has furnished
week the details of imports and exports of gold and
silver through that port for the month of February, and
they are given below in conjunction with the figures for
preceding months, thus completing the results for the eight
months of the fiscal year 1903-04. The imports of gold were
again of important volume, reaching $2,850,273, of which
$2,469,820 was in coin. Of silver there came in $834,248,
almost wholly bullion and silver in ore. During the eight
months there was received a total of $16,123,044 gold and
$2,063,722 silver, which compares with $8,888,708 gold and
us this
$1,783,106 silver in 1902-08.
February were very
light,
The shipments
of gold during
reaching only $3,185,
all coin,
and
great scale all over Europe.
houses interested helped in
No
doubt, also, the great
the support of the market.
And there appears to be no doubt that the Russian Government likewise supported its own stocks.
As the week draws to a olose the market is not quite so
firm, partly because the "bears" have bought back so much
and partly because the general public still holds aloof. The
general impression among the best informed here and in
Paris and Berlin is that the public on the Continent is now
so well prepared for Russian reverses on land that even a severe defeat would not bring about a bad break on the Continental bourses. Still there is enough of doubt upon the matter
to make cautious people careful. Very much decline is not
anticipated unless something entirely unforeseen happens,,
But until the expected battle takes place it is not thought by
J
Apr.
2,
made
to get in as
much revenue
And
as practicable.
the likelihood is that the revenue will be decidedly larger
during the remaining 10 days of the financial year than in
the corresponding period of last year, beoause 12 months ago
everybody was expecting remissions of taxation, and there,
fore imports were checked. Now people are anticipating increases of taxation, and therefore imports are being hastened
on. Besides, this year being Leap Year, there is one day
more than in
though there
The
last year.
probability, therefore,
that
is
will be a deficit, it will be much smaller than
In any event, it is reasonably certain
expected,
is generally
that the collection of revenue next week and the first 4 days
of the following week will be on an exceptionally large
scale.
That will tend to raise the value of money. On the
other hand, the Government will have to pay vast sums, not
only to its own employees but also to contractors, and that
will operate to increase the supply'in the open market.
Upon the whole,
money
not expected to be very
much dearer than it is at present. After Easter the interest
upon the national debt will be paid and the exceptional
pressure to collect revenue will be at an end. Therefore] the
market is expeoted to be exceptionally well supplied, and
consequently it is thought likely that rates will be low.
The French Government has raised from 2 per cent to 2%
per cent the interest it allows on its Treasury bills, and that
seems to point to a stronger demand for money in Paris. If
there should be a stronger demand in Paris, and if rates
should fall very much here, the French banks are certain to
transfer balances from London to Paris. If they do, rates
will be raised again. It is true that the London market is
getting into a position in which it can re-pay a large part of
the sums which have been employed in financing London
since the war in Sonth Africa began. Still, large withdrawals by the French banks would inevitably raise rates raptherefore,
is
1253
Messrs. Pixley & Abell write as follows under date or
17, 1904
Gold— There has beeu a renewal of the Inquiry for the Continent and
March
only a small amount has reaohed the Bank. Since oar last the Bank
has bought £S30,000, bat of this £497,000 oarae from India In sovereigns for aeoonnt of the India Council, only £2 4,000 being in bars.
£20,000 has been withdrawn for Malta Arrivals: Bombay, £500,000; Cape Town, £330.000; Australia, £16,00 »; West Indies, £38,000;
total, £884,000. Shipments: Bombay, £91,000; Caloutta, £22,000;
total, £113,000.
Silver— India waa a moderate buyer at the end of last week, but daring the last few days the market has received no support from that
quarter, so that the tendenoy has been downwards, cash sliver closing at 26 %!. Forward silver is In a somewhat better position and the
quotation is now onl f %d. under that of oash. The market is quiet
bat steady at the close The Indian rate is Rs 66 7s per 100 toiabs.
Arrivals: New York, £188,000; West Indies, £3,000; Suez. £3,000;
Australia, £6,000; total, £200,000. Shipments: Bombay, £258,000;
Colombo. £500; Caloutta. £10,000; total, £468,500.
Mexloan Dollars— With a small inquiry from Mexloo and none offering, the difference has shortened to s>d. under the prloe of cash silver.
The quotations for bullion are reported as follows:
gold,
j on don
Mch.
Mar.
17.
10.
Standard.
oz
Bar gold, fine
U. 8. gold coin...oz
Germ'n gold ooln.oz
French gold ooln.oz
Japanese yen
oz
f.
d.
a.
77
9%
77
76
76 4
The India Council continues to sell its drafts well. It
cfferred for tender on Wednesday 60 lacs and the applications
largely exceeded 309 lacs, at prices ranging from Is. 4d. to Is.
1-1 6d.
per rupee.
Applicants for
per rupee
bills at Is. 4d.
and for telegraphic transfers at Is. 4 l-3ad. were allotted
about 15 per cent of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of disoount, the price of oonsols,
Sec.
compared with the last three years:
1908.
1904.
Mch.
Mch.
16.
1808.
Mch. 19.
18.
1901.
Mch.
20.
M
»
M
Jlrottlatlon..
88.129,805
FnbllOdePQllti.
Otter depoilti
SOTtmnieni leonrltlei
14.fiMl.743
28,553.645
18.947,808
39.028.023
16.274,886
33,988.144
26.774,588
87,668,228
23.326.e95
18.lS4.7bS
B
27,601,890
13,790,681
3H.641.241
19,224,884
24.292,528
leourttlet....
Otb«r
28,661,8*3
Mi«fTeof notei andeoln
OoinAbuillon. both departm'ts 86.078,273
60 9-16
Prop, reierrato lUblJltlai. p.o.
4
Hank rate
peroent.
°onaoli.S«i par tent
40.970,808
14,668.818
82,274,570
27,181,736
87.186,041
4
&«H
26^d
BITOT
Cliarlng-Hoaie returns
46%
43%
8
9ivs
22 7-16(1.
195,180,000 807,664,000
03 n-16
85 13-163.
205,863.000
37.63L.t-26
12.806.280
3l.si2i.477
26,684,884
86,291,979
60*^
4
95 18-16
88 l-16d.
193.957.OC0
The Bank rate of disoount and open marketrates at the
have been as follows:
chief Continental cities
March 19
March
12.
March
6.
Februc
Inter ttt at
Bank
Open Bank Open Bank Open
Rate. Market Rat*. Market Rate. Marke
m
3
4
2%
m
4
4
3*S
4
Paria
3
Berlin.
4
Hamburg
4
Frankfort
Amsterdam...
4
SH
m
Braeseli
8
2H
3
Vienna
SM
6X
•X
iH
3
SH
6«
«H
AM
St.
Peterib nr«
Madrid
Copenhagen.
,
,
3*
3*
3«
noa.
3X
4
4
3«
3%
2%
2«
2%
nom.
3H
4
3
m
m
Open
Rate. Market
8
~8H~
4
3
4
4
SH
SH
4
3
3
3«
3
3*
3
3
2%
3
2«
3
nom.
3«
6*
nom.
3H
4*4
3*4
4
at
4
SM
5*
IK
•M
Shi
Mar.
17.
10.
d
d.
d.
Bar silver, fine.. .oz 26i«
Do 2 mo. delivery 25"%
5% Bar silver, oontaln'g
267 18
26l ia
do 5 grs.gold.oz. 26% 2616 18
do 4 grs.gold.oz. 267 e 26%
do S grs.gold.oz. 26H 269 18
Oake silver
oz. 283, g 28k
j
Mexican dollars. .oz. *25% 2613 16
The following shows the Imports of cereal produce Into
the United Kingdom during the twenty-eight weeks of the
season compared with previous seasons:
IMPORTS.
1903-4.
19 02-3.
1901-2.
1900-01.
Imp'ts of wheat OWt.47,8 20,961 43,583,703 33,859,500 36,664,300
Barley....
..... ....21,123,068 17,948,513 15,721,300 13,904,500
Jata
9.209,498
8.882,183 10.C21.000 12,071,400
Peas
1,354,959
1,128,063
1,169,500
1,568,230
Seans
1.110,990
1,454,858
1.065,500
984,040
Indian oor n
28,472,597 20,635,757 25,796,000 31,391,900
flour
~.~_. 12,952,924 10,414,820 11,894,800 12,045,300
Supplies available for oonsumption
an September 1):
1903-4
1902-3.
Wheat imported, owt. 47. 820. 961 43,583.703
Imports Of flour...... 12,952,924 10,414,820
Ulesofhome-growD.11,188,402 14,520,651
Total
71,962,287
68,519,174
wheat, week. 29s. Id
Average price, season. 27s. Id.
e.ver. prloe
25s. Id.
28s. 6d.
(exclusive of stock
1901-2.
33,859.500
11,894,800
16,537,668
1900-1.
36,664,300
12,045,300
15,044,322
62,291.963
63,753,922
27s.
26s.
Id.
9d.
25e.
27s.
9.1.
3d.
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week. LattweeK.
qrs... 3,385,000 3,275,000
s 05,000
235,000
flour, equal to are. ,.
1902-3.
2,285,000
265,000
1901-2.
3.840,000
245,000
635,000
615.000
380,000
Wheat
Walse
......Q..'*...
670,000
English Financial Markets— Per Cable.
Vhe daily closing quotations for securities, etc, at London
are reported by cable as follows for the week ending Apr. 1:
Mon.
liOMDOR.
per ounce.... .d.
Oonsols.,new,2% p.ots.
For account
......
Illver,
fr'ohrentes(lnParl8)fr.
Anaconda Mining
A
Baltimore A Ohio ......
Santa Fe..
Preferred..............
Atoh.Top.
Preferred........... . .
Janadlan Paolfio
...
Chesapeake A Ohio....
Ohloa. Great Western.
85i6 ie
86
9565
70*8
92is
80?8
117%
32
16
Ohio. Mil. A St. Paul... 148
Oen. A Bio Gr.,com.... 21
Do
do Preferred,
trie, common ,.. r
...
Louisville
27%
6584
1st preferred
2d preferred...
Illinois Central
43%
132%
A Nashville.. 108%
Mexloan Central.......
1o. Kan. A Tex., com..
ll 1*
18
40
Preferred
National BR. of Mei38%
lst preferred
•T. Y. Oent'l A Hudson.. 120
21 8
•r. T. Ontario A West's
59%
Norfolk A Western
do
pref.
Phila.
*Phlla.ARead.,lstpref.
*Pnlla.&Read.,2dpref.
Southern Pacific
toath'n Railway, com.
Preferred..—. .........
Tnlon Paoiflc
Preferred.
7. 8. Steel Corp., oom.
Do
do
Wabash
Do
Do
*
_
pref..
preferred..
Deb. «'B"
Price per share.
....
Wed.
85lS ie
85i8, f
88*«
85?8
86
863j 6
70%
27%
65%
71
27
65 ?8
43
134
Thurs.
25%
95-6*19 95-87i« 96-27*9 96-77%
3*8
338
3%
3*s
73 8
7138
72%
73%
93*9
93
93
94
82*4
81
82%
82%
91*9
91
92
92
11818
117*4
U8ifl
118%
32"%
32
32%
33%
16*4
16
16
16
145*9
149% 149
1461a
21*4
21*9
21
21%
43
132%
108%
111*4
71
27
71
65is
42*i
66
42
134
111
40
38*9
120*9
120%
22%
22%
597a
1838
39
40
38is
38*9
eo
60
90*9
IOOI9
901s
101
60
60
eo%
2238
22%
40*4
31
40
31
22*8
40*4
31
31
49^8
50%
50%
60%
23%
40%
80%
21%
84%
84%
21 78
841s
22*9
85*9
51%
22%
51
23
85**
85%
86%
85%
85 78
95
95
11%
59*9
11*8
69*9
19*3
19%
20
19*9
87
63
3S
38*9
6319
38%
11%
59%
8319
1-)
t*
18%
59*4
22%
40%
a
«
10*4
18*9
)20
22 H
134
(H
10
18
40
1('*9
2l 78
27%
111
11
120
Fri.
86V ie
867 16
90 is
100
90%
100
59 78
* Bead
Tuet.
25H 16 25"i 6 25H ie 25is
3*8
Northern Securities
Pennsylvania
Bank
Mch.
9
4
'Nominal.
Do
Rattiot
SILVBB.
London Standard
*76 5% 76
•76 5 *76 6
*76 4 *76 4
idly.
4
'
THE CHRONICLE.
1904.
the well-informed that there will be much movement. At
the same tim9 an early inorease of activity is looked for,
partly because it is now certain that money will be plentiful
and cheap, partly because every one is satisfied that the war
will be localized, and very soon, therefor, it is thought, the
world will grow accustomed to the fighting. Moreover, in
London the long liquidation that went on last year has
cleared out the weak operators. Stocks are now in strong
hands, and it is thought certain that in the course of a very
short time markets will strengthen and broaden.
The money market has been well supplied all the week.
The rates of interest and discount are moderate and it is
generally expected that there will be great ease in April.
We are now so rapidly approachiDg the end of the month,
which is also the end of the financial year, that it is'possible
that there may be some rise in ratep, although very little is
generally expected. On the one hand, every possible effort
will be
%
'
...
:
88%
95%
11*9
59%
63*9
91
101%
94
11%
60%
19%
38%
68%
1
a
3
fe
Q
O
O
c
.
J
.
[Vol. lxxviil
THE CHRONICLE.
254
CCommcvciiiluntUUiscclUtncoxisIXcJUS
first statement covers the total imports and exports of
merchandise and the Customs receipts for the eight months
The
two seasons.
of the last
National Banks.— The following information regarding
national banks Is from the Treasury Department.
hsutd March
13 to
Mitch
MERCHANDISE MOVKMINT AT NlW YORK CU8TOM8 Receipts
AT NEW YOKK
Month
NATIONAL BANKS ORGANIZED.
Certificate!*
1908-C3
1903-04.
$25,000. F. C Claiborne. Presldeni; E. 8. Woodfln. Vice.
President; J. O. Delage Vice-President and Assistant Cash-
ier; H. H. Howell,
7,170— The Royall National Bank
Ciishler.
of Palestine, Texas. Capital. $100,N. R Royall. President; J. W. Wriuht aad Hampson
Gary, Vice-Presidents; Tucker Royall. Cashier; O. W. Hanks,
Assistant Cashier.
7,171— The Cran ford National Bank. Cranford, New Jersey. Capital,
-.President; G. M. Hen irloks Cashier.
$50.0c0.
Exports.
Importt.
26. 1904.
7,167— The First National RaDk of Klamath Falls, Oregon Capital.
#25.000. George W. White. President; George T. Ba.dwin.
Vice President, George R Llndley, Cashier.
7.168-Thft First National Bank of Humboldt, Illinois. Capital,
82S.00O. E M. Mulilken, President; 8. tf. Moore. Vice President; John W. Poorman, Cashier.
7,169-The First National B*nk of New Roais. Louisiana. Capital'
*»
1
.
»
July
A-HKUSt....
1902-08
1903-.4.
1902-C8.
S
t
15.928,681
87.816 9(7
35.B08.6U
88.813.95
52,36 1,646
87,«7646>
42156,250
$
15,629 2p9
16.K-9 614
4'>,i(s67,4e0
)5S93.122
f
48.870.900
50,266.18
47,672,9(6
September
October
November.
1003-04
4fl.669.VJ42
f
16.228.701
1".P47,179
. .
47.295,127
49,8i4.97S
5l,P66,Uf
62,927.484
46.2ll0.6ir
14.422,025
61,671,351
13 307.2
58,091,851
48,684.231
4 '.4(0 240
89.760.12'
December
46.018.663
47,774,8(1
49.66rt.21l
18.316 032
61 4-7.193
50.ltU.02>-
45.350 53^
47.02J.744
14.708 88'
15.616.118
67,487.8*
B0.2fl9.968
39 210 736
41.240,267
14.606 9t5
18.814,962
lanuary
February..
.
397,772
Total...
1
17.260.876
17,860,876
J
15.P64.742
98 409,951,787 346,261.978 3S9.O60.007 117,512.212 188,998
C
S3-
000.
of Plains, Montana Capital, $2 5.000.
President; A J. Linslag, Vloe President; O.
W. Powell. Cashier.
7,173— The People's National Bank of Lexington, Virginia. Capital,
MoClung. President; G. W. OIBigh'.er, Vice#50,0' 0. J.
President; Woo. M. MoElwe. Oanhler.
7,174,— The First National Bank of Williamsburg, Kentuoky. Capital,
$25,000. E. 8. Moss. President; Win. Gold'nir. Vice-Presi, Cashier;
J. B. Fish. Assistant Cashier.
dent;
7,175— The Columbia City National Bank, Columbia Git?, Indiana.
F>u-a President; S. J Peabody,
Capital, $=>o,000. F.
Vice-President; Oleou H Foust, Vice Preslaeut and Assistant
Cashier; W. H. Magley, Cashier.
7,176—The First National B »nk of Nap i, California. Capital, $50,000
H. P. Goodman, President; J. A Mo Jleiland, Vice-President;
E. L. Blokford, Cashier.
7,177— The First National Bank of Prague. Oklahoma Territory.
Capital, 825.O00 J. F. Ayais. President; H. Josey, VicePresident; George R. Sutton, Cashier.
7,178—The First National Bank of Cifton, Kansas. Capital. $25,000.
O. W. Snyder, President; M. F. Southwlck. Vice President
L. Pflster, Cashier; Henry O'Brien, Assistant Cashier. Conversion of Clifton State Bank.
7,179-The Bankers' World's Fair National Bank of St. Louis, Missouri.
Capital, $200,000. H. A. Forman, President;
,
7,172— The
J
First
The imports and exports of gold and silver for the eight
months have been as follows
:
NaMonal Bank
Gold Movement at New York
A McGowan.
Month.
W
H
Cashier
7,180 -The First National Bank of Portland, Indiana. Capital, $'^0,(00. Johu A. M. Adair, President; Joseph A. Long, VicePresident;
John W.
Mills, Cashier.
First National Bank of Spangler, Pennsylvania.
$50,000. J. L. Spangler, President; James A.
7,181—The
Capital,
McCain,
Cashier.
7,182—The First National Back of Blsbee. Arizona Territory. Capital,
•BiO.OOO. 8. F. Sullenberger, President; J. N. Porter. Vice
President;
, Cashier.
7,183—The CHv National Bank of Eastland, Texas. Capital, $25,000.
J. M. Wagstafl. President; W. C. Lasley, Oashier.
7,184— The First National Bank of Elgin. Minnesota. Capital, $25,000.
W. P. Tearse, President: Jno Walch, Cashier.
7,185— The First National Bank of Francis, Indian Territory. Capital,
$25,000. T A. Vaughn, President; 8. 1>. Duteher and A. M.
Cummlngs, Vice-Presidents; H. A. Kroeger, Cashier.
CHANGE OF TITLE OF NATIONAL BANKS.
6,074— The Cain National Bank of Port Angeles, Washington, to the
Bank of Port Angeles.
1,290— The National Citizens' Bank of the Citv of New York, New
Yoik, to the Citizen*' Central National Bank of New York.
1,527— Hie National Webster Bank of Boston, Massaohutette, to the
Webster and Atlas National Bank of Boston.
Citizens' National
LIQUIDATION.
1902-03
?
813.261
*
7,489.76^
t
7,567.C9>
813.822
1.411.210
428,847
531,6"3
1.667.04:-
38-1,42*
206.376
7,083,637
2,043/23
760.38?
638.014
110,260
178,100
836,163
219,746
480.464
2,308,368
174,926
880.409
741,928
812,464
686,288
88,713,129
6,507,491
11.070,0:0
August
September..
October
November.
December.
11,511,016
4,019.11'
January...
February..
..
1902-03
1903-04.
154,14'
226.39k
1
Total
Export*
import*
1903-04.
SiivBB— new York
Imparts.
Export*.
1903-04.
1903-04
t
2,868,761
f
£94.688
517.626
404.V97
16,200
1.70.613
1.959.584
3024,080
1,473.2? 4
3C7.167
4i9,664
282,894
850,836
289.492
13 6i8.880
2,785,9*9
24,034,934
36.684
2.478.157
4.346.499
4,801,308
8,285,946
DIVIDENDS
Nam*
of
When
Pit
Company.
Book* Closed,.
(Day* Inclusiv*.
Cent Pmyablt
Hallruads (Hteam).
Belt BB. <fe Stk. Yds., Ind'ap.,
Belt By , Chicago (quar.)
Chartiers
Chicago
Western Indiana
<fe
14 Apr
Apr
4 Apr
14 Apr
14 Apr
S Apr
4
2»4 Apr
3-s Apr
pf. (qu.)
2
(quar.)
Cleve. Cin. Chic & St. Louis, pref. (qu)
Del Lack. <fi> Western (quar.)
Ga. RR <£> Banking (quar.)
Newport <fc Cincinnati Bridge
Holders of
Apr 10
Apr 5
Apr 2
1
str»el Railways.
Hartford (Conn.) St. By. (quar.)
Macon (3a ) By. <& Light, pref
Philadelphia Co., Plttsb., com. (quar.).
Toronto By. (quar.)
Holders
14 Apr
3
Apr
14 May
reo.
to
to
to
of reo.
Mar 30
Mar 30
Mar 14
Apr 20
Apr 1
Apr 14
Mar 18
Apr
to
1
Mar SI
to
Holders of reo. Apr 1
Holders of reo. Mar 15*
14 Apr
Banks.
First National (quar.)
Gallatin National
(v» laeallanoaaa.
6
American Caramel, pref.
American Tobacco, com.
2
6
(quar.)
(quar.)
8
do
pref. (quar.)
do
2
Associated Merchants, 1st pref. (qu.)..
14
do
2d pref. (quar.)
do
14
Bliss (E. W.), oom. (quar.)
24
pref. (quar )
do
2
Bon Air Coal <fe Iron, pref. (quar.)
14
N. Y. Dook, pref. (quar.)
1
N. Y. & N. J. Telephone (quar.)
14
Pennsylvania Salt Mfg
6
Pittsburgh Plate Glass, com. (quar )..
14
do
(aunual) 12
do
pf.
Realty Associates
24
Beece Buttonhole Machine (quar.)
2
Apr
Apr
Apr
May
May
Apr
Apr
Apr
Apr
Apr
(Apr
31
to
Mar 26*
Apr 6
Mar 12
Apr 16
Apr 16
to
to
to
Mar 31
May 2
May 2
Mar 28
Mar 28
Mar 23
to
to
to
Mar 81
Mar 31
Mar 31
Apr 1
Apr 5
Mar 28
Apr 1
Apr 1
Apr 16
Holders of reo.
Mar
15
Apr
Apr
Apr
Apr
Apr
Apr
Holders of reo.
Holders of reo.
Holders of reo.
Mar 22
to
Mar 22
to
Apr
6
Holders
to
of rec.
Apr 6
7,086—The Tulsa National Bank, Tulsa, Indian Territory, has gene
into voluntary liquidation by resolution of its stockholders
dated February 'zti, 1904, to take efftjot on that date.
376—The Central National Bank of the City of New York has gone
into voluntary liquidation by resolution of Its stockholders
dated March 7, to take effect Maroh 12, 1904.
4,662— The Velasoo National Bank, Velasoo, Texas, has gone Into voluntary liquidation by resolution of its stockholders dated
March 1, to take effeot March 3, 1904.
'Transfer books not closed-
—
auction,
By Messrs. Adrian H. Mnller
5,735— The National Bank of Holdenvllle, Indian Territory, insolvent,
was plaoed in oharge of a receiver Maroh 23, 19u4.
6,833-The Orange Growers' National Bank of Riverside, CaliforniaInsolvent, was placed In oharge ol a receiver Maroh 23. 1904-
APrHOATIONSTO CONVERT INTO NATIONAL BANKS APPROVED.
Approved March 7 to March 19, 1904
The Bank of Morgan County Versailles, Missouri, into The First
National Bank of Versailles. Capita), $ iO.ooo Blanks sent to Joel
D. Hubbard, Versailles, Missouri.
The Union Bank
of Redlands, California, into
Capital. $50,000.
Correction.
Auction Sales. Among other securities the following
not regularly dealt In at the Board, were recently sold at
INSOLVENT.
Bank.
t
<
1
1
j
Colo.. $~1G ea.. $101-3 p«r sh.
B'klynClty Safe Dep.Co. Jl 1
Stand -rd Oil Co
*2l
1 Loi>g
fsl
Loan &
Tr. Co.2tof>4)
Oriental Bank
232
1,000 Standard Goia Production Co
»^$51 lot
00 Mont. <te Bos. Copper Co.
MerohantB' Bank* Ft. 8mtth, Arkansas, Into The Merchants' National*
Ltd
$5 ea...50o. per sh.
Bank of Ft. Hnito.li. Capital, $400,000.
1,575 Markeen Copp»r Co.
The People's State Bank of Lyndon, Kansas, into The First National
$10ea..$150 lot
*
Bank of Lyndon. Capital, $25,000.
500 No. 7 MinAtfkv ..$5 ea..$lS lot
Foreign TbadbofNhw
York— Monthly Statement.— In
addition to the other tables given in this department, ma6S
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House-
Son:
Stocks.
100 Manhattan Trust Co
495
50 Rlngwav Light & Heat
Co, f Rldgway, Pa
84
200 North wett.Ohio Na'nral
GasOo...$«oea $53 per eh.
10 Edgar 8. Weiner Pub &
Supply Co
$41 per sh.
6 Twelfth Ward Bank
127
50 Lake Charles Rice Milling Co. of '<a
$31 per sh.
100 -aty Land A Imp Co. ol
The Redlande National
The Farmers' * Merchants' Bank. Jamn'port. Missouri, into The
First National Bank of Jamesport. Capital, $50,000.
The People's Bank, Bebree, Kentuoky, into The First NatloHal Bank
of Sebree. Capital, $25,000.
&
Stocks
3 Ninety fourth
Ht.
Co
Realty
$95
lot
4 Gallatin Nat Bank
390
6 Nat. Park Bank ..*58i« 480
20 Bank of N
20 N. Y. Life
Y
,
N. B. A..285i«
& Tr.Co.l057>«
16 B'way *7tn Ave.RR Co.24H«
100 JourneayABumhaniCo. 50
5 Peoples'sTr. Co. of B'lyn.340
Bonds.
$5,000 Standard Telep. A
Te eg Co.. Bucks Co., Pa.,
Ins.
5h.1H31.JAJ
70
$260 Chamber of Commerce
Building Loan Bond
$185
$i»in:ity of N. Orleans premium oe, dated Sept.l. '75.2224s
Reorg. cert, of dep. of Inter- ]
nat. Tr. 0>. of Boston for
$2,000 Detha Lumber Co. { «.„,,
2d incomes; $500 do scrip; ( 10U
51 sh. do pref. stook and
$47 83 do scrip
j
Union
Co
10
Oojftifr
$3,000 Philadelphia Co. 1st
$l0ea..$5 62 per sh.
col. trust 5s, 1949
10738
210 Peo. Deo. A Ev. Ry....$35 lot $2.u00 Eqult. Ilium. Gas Lt.
800 Cal. Cop. Co.. ..$5 ea..$19 lot
Co. of Phlla. 1st 5s, 1926.. 108 *e
100 Col. Coal & I. Dev. Co.. $3 lot $*.0G0 Haverstraw Light A
30Cons.Rv.Light.ARef.Co. 84
Fuel Gas Co. 1st Os
10
10,000 Vaoas-San
Marcos
$«0,000 Maryland Tr. Co.
Min'g A Mill. Oo.,$l ga.$5 lot
timber certs.of Kirby Lum500 OH Fields of Mex.Oo.fl pr. sh.
ber Co., Series Q and R.... 73
1
I
Ape.
1
1
.
2,
THE CHRONICLE.
1904.J
—
New York City Clearing House Banks. Statement of
condition for the week ending March 26, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
BANKS.
Loans.
Surplus.
Capital.
Specie.
Leo a Is.
t
Deposits Re-
J
255
New York
City, Boston and Philadelphia Banks.— Below
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
a
is
summary
We omit two
Capital tt
BANKS Surplus.
Loans.
ciphers (OO) in all these figures.
Legals.
Specie.
He.
Clearings.
latum.
positfiA
s've.
N. Y.
Bk.
of
N. Y.
Manliat. Co.
Merchants'
Mechanics'.
America
Phoenix
...
City
Chemical ..
Merch. K\ .
Gallatin
But.&Drov
Mech.&Tra.
Greenwich.
Leath.Mfrs.
Amer.Exch.
Commerce..
Mercantile.
Chatham
...
...
People's
N. America
Hanover
...
Citizens'
..
Nassau
Shoe&Lthr.
Corn Exch .
Oriental
...
Imp. & Trail
Park
East River
Fourth
Second ....
First
N.Y.Nt.Ex.
Bowery
...
N. V. Co...
German Am
Chase
Fifth Ave..
German Ex.
Germania
..
Bk. of Met..
Side..
Seaboard
..
lstN.Eklyn
Liberty
N. Y.Pr.Ex
New
17,403,0
7,537,0
360,1
2,207,1
110,6
346,8
537,7
514,2
3,964,7
11,358,8
4,415,3
608,5
1,069,7
396,0
2,066,5
6,404,3
1,029,8
510,0
313,4
1,234,2
357,6
3,291,3
1,042,0
6,579,2
6,950,6
136,7
2,980,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
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
Garfield
Filth
West
2,482,1
2,399,3
1.389,0
2,785,1
3,562,4
334,7
2,000,0
2,050,0
2,000,0
2.000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
600,0
5,000,0
25,000,0
3,000,0
422,7
450,0
500,0
Mar.Jfc Fult.
Ainst.
Total
...
3
$
$
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
1,378,1
13,830,0
888,4
775,9
657,3
513,3
3,895,0
1,745.8
665,5
882,7
1,302,5
1 242 9
377,3
1,470,7
539,2
1,410,9
579,6
1,922,4
502,1
542,6
566,8
$
18,450,0
21,021,0
14,419,3
13,111,0
20,868,2
3,786.0
150,896,3
23.796,1
5,314.5
7,813,5
2,010,4
4,240,0
2,312.5
4.875,6
30,097,0
157,342,9
24,915,3
2,963,6
6,170,8
2,102,0
16,865,8
48.003,5
6,275,0
13,729,0
2,632,6
6.451.2
6,847,6
29,828,0
7,200,1
24,140,0
66,323,0
1,154,8
20,600,0
8,517,0
83,311,4
7,379,1
2,776,0
4,334,6
3,504,6
41,553,2
8,743,9
2,678,6
3,123,2
9,814,6
7,148,0
2,408,5
8,520,6
3,151,0
15,037,0
4,323,0
10,483,8
4,885,7
5,736,3
4,874,0
$
3,327,0
9,195.0
3,190,3
2,296,0
3,761.2
578,0
42.846,8
6,091,6
969,4
933,5
604,0
601,0
398,3
1,110,4
4,107,0
20.881,7
4,586,3
893,4
876,3
195,1
1,995.9
11,536,1
867,9
3,164,1
367,3
1,772,2
1,913,6
6,200,0
1,171,0
4,098,0
16,102,0
152,9
3,675,6
1,112,0
19,197,2
1,194,4
387,0
970,2
636,3
11,868,6
2,177,6
170,0
424,3
675,5
1,570,1
P.O.
$
1,539,0 18,047,0
2,223,0
8,981,0
1,341,3 16,884,3
1,642,0 13.611,0
2,109,8 22,645,6
220,0
3.296,0
7,060.7 157,776,6
1,756,.".
24,2
556,4
5,890,5
617,0
5,521,4
28,8
2,258,4
453.(1
4,610,0
391,8
2.067,9
336,7
5,037,7
1,959,0 23,424,0
9,555,8 1 45.214,9
1,199,5 22,004,2
435.4
3.608,1
863,1
6.297, (i
480,4
2,544.7
1,751,3 15,847,5
4,470,6 69,385,3
464,5
5,534,0
2,010,1 17,161,9
352,
3,025,4
604,1
7,106,5
204,5
8,218,3
3,030,0 36,443,0
364,7
6,940,6
1,265,0 21,521,0
3,942,0 74,746.0
182,2
1,261,6
2,799,9 23,573.0
1,477.0
9,679,0
2,125,1 75,697,5
492,9
6,595.7
288,0
3.153,0
485,1
5,681,8
230,9
3,369,4
1,698,6 50,123,9
318,9
9,559,4
663,0
3,222,3
724,2
5,009,(1
1,960,5 10,043,5
284,1
7,171,5
161,7
2,642,3
810,2
9,893,0
317,0
3,999.0
1,661,0 17,693,0
592,0
4,486,0
240,0
9,534,1
328,2
5,117,9
675,3
6,617,8
275.0
4,927,0
.
492,5
1,602,5
697,0
2,907,0
543,0
2,543,4
1,037,5
822,1
940,0
26-9
393
26-8
28-8
6
24-2
J
I'hila.
.Mar 12
.Mar 19
22 9
27-6
26 5
236
257
25 3
22-1
24-8
20-8
26 6
27-0
15,3 15,0
16,846,0
17,180,0
4,876,0 190.426
4,922,0 196,703,0
5,016,0 197,031,0
62,540,0
61,517,0
60,636,0
255
213
26-6
25-6
27
26-
25-8
22-9
20-2
l
7,125,0
7,134,0
7,132,0
222,902,0 10,517,0
224,833,0 10,007.0
222,566.0 10,650,0
243
2o 3
2o-8
25*3
29'i
26-6
22-9
24-6
—
—
;
FOREIGN IMPORTS.
For week.
1904.
Dry Goods
General Merchandise
Total.
Since Jan.
1902.
1903.
1901.
$2,647,642
11,146,107
$3,079,343
9,138,114
$3,180,653
9,342.766
$2,439,272
11.435.142
$13,793,749
$12,217,457
23,419
$13,874,414
115,330,241
$39,258,365
108,982.236
$34,011,395
98,530,142
$29,267,554
106.156,944
1.
General Merchandise
Total 12 weeks
$148,972,529 $148,240,601 $132,541,537 $135,424,498
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 Mar. 28, and from January 1 to date.
The imports
in
EXPORTS FROM
NEW YORK FOR THE WEEK.
For the week
Previously reported..
1904.
1903.
1902.
1901.
$10,030,901
110.531.392
$12,253,832
118,595.315
$7,692,102
104,749,354
$7,683,120
121,489,982
$120,562,293 $130,849,147 $112,441.45i; $129,173,102
Note.—As the figures 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 tune to tame adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending Mar. 26
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
Exports.
ciphers (00) in all cases.
Gold.
Week.
IMPORTS.
Since Jan.
1.
Week.
Since Jan.
Deposit with
Sur-
00s omitted.
tal.
plus.
Loans
<£
Invest-
Specie.
ments.
Net
Leg. T.
&Bank
Notes.
Other Deposits
Agent. Bks.&c
Clear'g
N. Y. City.
Boroughs of
Man&Br'nx
Colonial
$
100,0
Columbia .. 300,0
14th Street.
100,0
Gansevoort.
200,0
Hamilton .. 200,0
250,0
Mt. Morris
Mutual .... 200,0
19th Ward .
200,0
100,0
Riverside ..
100,0
State
100,0
12th Ward
200,0
23d Ward ..
100,0
Yorkville ..
100,0
Fidelity
200,0
Varick
100,0
Jefferson ..
400,0
Century ... 100,0
Wash. Hgts 100,0
United Nat. 1,000,0
....
$
226,9
266,0
112,0
78,0
120,2
118,9
178,3
204,0
248,2
102,7
571,8
103,1
93,6
271,4
119,1
64,4
271,2
58,7
129,7
112,9
$
2,128,1
3,230.0
1,710,4
1,728,0
2,725,6
2,311,6
2,518,2
1,394,4
3,034,5
1,074,6
7,189,0
1,520,0
1,270,5
1,876,0
717,6
664,1
1,973,9
635,4
602,7
2,040,3
$
168,9
149,0
81,9
12,6
163,6
125.8
23,8
31,2
149,0
13,4
409,0
56,0
2,049,1
1,437,7
2,959,1
5,945.5
14,9
100,8
241,9
200,7
50,6
28,0
10,2
5,8
9,5
19,7
10,2
222,7
$
$
62,8
104,0
81,9
108,7
87,2
95,0
210,7
136,3
136,0
113,0
236,0
194,0
131,7
187,0
43,6
60,2
72,6
27,0
24,6
59,6
343.2
326,0
312,3
154,3
163,6
312,2
188,3
205,4
163,0
74,5
136,0
116,0
153,1
368,5
50,9
68,4
168,4
42,9
93,6
90,0
185,8
289,5
352,6
741.8
951,2
01,4
800,0
636,0
61,7
198,0
70,8
159,0
127,5
34,3
114,9
$
1,8
2.S57.8
3,315,0
2,119,7
1,927,7
3,051,8
2,964,8
2,653,2
1,746,0
3,174,4
1,213,4
8,303,0
1,938,0
1,623,7
2,160,3
36,0
690,7
718,3
489,3
3,5
100,0
99,9
158,3
54,8
100,0
297,0
149,9
784,0
13,0
125,5
1.4
74,5
1,813,5
657,4
498,1
1.275,1
Borough ol
Brooklyn.
Broadway
Brooklyn
.
..
Mfrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
..
North Side.
17th
Ward
.
SpragueNat
Union
Walla bout
Borough ...
.
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
325,7
156,5
520,8
376,9
58,9
730,1
576,6
171,4
177,0
83,2
252,1
110,7
76,7
85,9
997,9
4,960,0
3,280,0
984,8
1,211,2
601,1
1,130,0
1,164,0
745,7
1,554,6
12,0
65,1
76,8
666,7
65,1
193,0
129,0
315,0
343,0
11,3
35,0
9,2
96,0
43,5
36.0
16,2
63,6
125.3
56,9
25,0
87,1
22,6
99,9
24,2
50,0
65,0
10.0
18,0
223,0
242,1
101,0
60,0
30,0
344,1
57,9
49,9
2,187,4
1,676,1
3,590,7
7,571,4
1.031,4
5,211,0
4,051.0
1,051,2
1,464,8
648,0
1,090,0
1,461,4
718,0
1,645,3
Great Britain
Fran ce
107,5
719,6
47,2
400,0 1,043,6
3,806,9
210,0
250,0
260,0
200,0
651,1
292,7
285,8
2,076.2
1,094,9
1,090,8
79,1
65,5
66,2
65,9
18,3
79,7
110,0
125.0
527,1
146,2
2,208,2
1,055,1
141,6
41.4
26,8
37,2
100,0
10,0
160,5
Hudson
5,901,0
National
.
277,2
347,3
80,7
67,0
.573,3
4,9
1,774,1
1,160,4
1,614,8
170,2
65,7
244,4
HOBOKEN.
First Nat...
Second Nat.
68,4
2,230,2
1.098.3
Tot.Mar26 8,487,0 102076 81.417.3 3,511.4 4.769.7 115058 5.283,3 92,616,0
Tot. Marl9 8,487.0 102076 80,954,9 3,498,1 4,850,3 109947 4,986,2 91,662,2
Tot. Marl2 8,487,0 102076 80,243,4 3,526,1 4.881,2 122640 4,874.1 92,434.0
$2,683,774
2,391,745
14,191,738
$48,725
209,188
16,781
$4,322,368
2,177,123
842,752
$894,065 $10,453,778
301,559
France
Germany
West Indies
440
43,516
625
$1,422
7,037
60,630
122,575
25,693
1.617
$46,688
52,309
22.394
$218,974
318,831
315,695
$2,107
15,181
Mexico
South America
86,689
1,350.800
4,996
All other countries
Total 1904
Total 1903
Total 1902
4
909,246 $12,197,822
667,551
9,665,237
748.519
9,881,235
Of the above imports for the week in 1904, $10,150 were
American gold coin and $—
American silver coin. Of the
exports during the same time $770,000 were American gold
coin and $14,000 were American silver coin.
—
Auction Sales.
—See page preceding.
vWVWWw\»vw\^^
Sp encer
&
Trask
Co.,
....
Bankers,
WILLIAM & PINE STREETS,
NEW
YORK.
Special circular carefully describing
the property covered by an Electric
Illuminating Company First Mortgage
Gold Bond, paying the investor 59b.
Co.
Second Nat.
Third Nat..
$770,000
538,400
40,840
All other countries
738,2
282,1 1,792,3 1,053,8
750,000
1,161,654
23,120
1,495,000
2,000
$2,047,346
598,332
1,149,496
87,078
27,303
393,076
19,737
$20,000
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
1.
$3,046
10,160
13,286
22.0S3
150
Mexico
South America
JeesetCity
First Nat...
$2,000
Germany
West Indies
Borough or
Richmond.
1st Nat., S.I.
90,889,9
02.352,6
103,311,0
1
Imports and Exports lor the Week. The following are
the imports at New York for the week ending for dry goods
Mar. 24 and for the week ending for general merchandise
Mar. 25 also totals since beginning first week Januarj-.
24 -V
Reports ot Non-Member Banks. The following is the
statement of condition of the non-member banks for the
week ending Mar. 20, 1904, based on average of daily results.
Capi-
116,'
115.
2o8
Total United States deposits included $45,948,100.
BANKS.
111,579,2
;
-
26'7
28*1
$
39,169,6 ,075.780,5
37.962,6 964,162,7
36.913,8 1.111,170,0
30,936,0 1,141,098,3
t Including for Boston and Philadelphia the Item "due to other banks,"
and also Government deposits. For Boston these Government deposit*
amounted on March 26 to $5,673,000 on March 19 to $6,327,000.
240
115,572,7 132,366,2 10078637 217,727,1 71,908,9 10486685 27-6
We omit two
Mar26
30-1
23-7
33-4
70,899,4 1040
To.119.2 10372689
69,324,4 10370137
71,908,9 1 0486685
48,167,1 188,620.0
48,167,1 189,314,0
48,167,1 189,933,0
26-9
t
t
52,635,4 173,197,0
52,635,4 173,329.0
52,635,4 173,982,0
Mar26
32-3
.5-9
26-2
28"0
38'2
28-7
25-9
25-0
26-2
$
219.192,4
219,135,]
217,239,6
217,727,1
llOM.
Marl 2
.Marl 9
:;!•!)
j::-3
$
$
248.752.S 909,918,4
2 18.670,1 997,399,0
Marl 9 247,938,9 998.918,8
Mar26 247,988,9 10078637
Mar 5
Mar 12
Members
N.
SECURITIES.
INVESTMENT
Branch
Stock Exchange.
Moffat
&
state
W hite,
office. 66
If.
S(
A
i
Members New York Stock Exchange,
1 NASSAU STREET. CORNER WALL.
iDealcrg fn Investment Securities.
Tel. 5820-5321 Cortlandu
Telephone tttocka a Specially.
.
THE CHRONICLE.
1256
For Dividends
tee
page
The following were the rates
®a*jettje.
iaufuers'
[Vol. lxxviil
for domestio
exchange on
New fork at the under-mentioned
oities to-day: Savannah,
12%o. per $1,000 premium; Charleston, 25c. per $1,000 premium ;
Orleans, bank, 25c. per $1,000 discount;
commercial, 50c. per $1,000 discount; Chicago, 20c. per
$1,000 premium; St. Louts, 25c. per $1,000 premium; San
Francisco, $1 50 per $1,000 premium.
New
1234.
WALL. STREET. FRIDAY, APRIL 1. 1904.-5 P. M.
The Money Market and Financial Situation.— Security
—
State and Railroad Bonds. No sales of State bonds have
been reported at the Board this week.
The market for railway bonds has steadily io creased in
activity and shown a broadening tendency throughout the
week. It has also been generally firm in tone, although but
few issues have advanced a full point. The exceptions in
this particular are Union Pacific convertible 4s and St.
Louis & San Francisco refunding 4s. Other strong features
were St. Louis Southwestern consol. 4s, United States Steel
Wabash debentures were
5s and Consolidated Tobacco 4s.
of late as to pass unnoticed. "We refer to Chesapeake & the only active bonds that showed a tendency to weakness.
above, Rock Island, Burlington &
Ohio shares. Otherwise the strong tendency of the mar- In addition to the
Quincy, Northern Pacific, Oregon Short Line and Baltimore
kets has been largely sympathetic.
Ohio issues have been relatively active.
There is undoubtedly a more hopeful feeling in financial
United States Bonds.— Sales of Government bonds at the
circles, and especially among investors, than has existed for Board include $15,000 2s, coup., 1930, at 106%; $10,000 2s,
some time past, some of the reasons for which are obvious. reg., 1930, at 105%, and $2,000 3s, coup., 1908-18, at 106% to
values were in most cases somewhat higher at the close this
week than we last reported. The issues most conspicuous
in the upward movement are those directly or indirectly
affected by liquidation of the Northern Securities Company.
It has been claimed that in connection with this liquidation
an effort is being made to establish a commnnity-of-interest
that will be an important one. In one case, however, stock
advanced on a favorable traffic report, an event not so usual
are the daily closing quotations; for
Railway earnings are likely to show more favorable com- 107. The following
ytarly range see third page following:
parisons from now on, and other departments of industry
Interest Mar.
Mar. Mar. Mar. Mar. Apr.
will naturally become more active with the advancing
Periods
26
29
30
28
31
1
Reference has frequently been made of late to the
better outlook in the iron and steel trade, and that matter is quite generally understood. So long as the money
market remains as easy as it now is, high rates for foreign
exchange and the probability of an export gold movement
in the near future can have no disturbing influence they
are now practically ignored.
The open market rates for oall loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1% to 1% per cent. To-day's rates on oall were 1% to
1% per oent. Prime oommerolal paper quoted at 4%@4% per
cent for endorsements and 4 @5 p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £1,733,946 and the percentage of reserve to liabilities was 42*15, against 49'27 last week,
the discount rate remaining unchanged at 4 per cent. The
Bank of France shows an inorease of 8,125,090 francs in gold
and of 1,125,000 francs in silver.
The New York City Clearing-House banks in their statement of Mar. 26 showed an increase in the reserve held of
$3,072,000 and a surplus over the required reserve of
$27,468,875, against $27,310,575 the previous week.
season.
—
.,'
Is,
2s,
1980
1930
registered
coupon
2s, 1930, smaJ. registered
coupon
2s, 1930, small
registered
8s, 1918
ooupon
Is, 1918
8s, 1918, small. registered
ooupon
8s, 1918, small
registered
4s, 1907
ooupon
4s, 1907
registered
4s, 1926
ooupon
4s, 1926
Q— Jan
Q— Jan
•1064
1054 '1064
1064 '106»4
*105»4
Q- Feb *1064
Q- Feb *1064
Q- Feb
Feb *ib*54
8: Jan *107
Jan •108
'105*8
106*8
106 ^
1064
'
*1064 '1064 •1084 •1064
*1064 •1064 *106»« *ioe»4
•ib'54
*i064
*107 -107
•108
*108
Feb *132»4 *13278 *18234
*182=>4
*182*e
*1324
Feb
h
Q-
-This is the prioe bid at the morning board: no
ib*6»< *i064
*1074 *1074
•1084 •1084
O
3
o
w
*13278 *182»4
*133 •188
mm was made.
Railroad and Miscellaneous Stocks.—The stock market
has been irregular, both in regard to volume of business and
\
the movement of prices. The transactions increased from
a trifle over 300,000 shares on Monday to 724,300 shares
on Wednesday, but were smaller again on Thursday. The
market was decided^ strong during the early part
of the week under the lead of Union Pacific and St.
Paul, both of which advanced over 5 points. Later there
was a reaction, the extent of which averaged about 1
point, so that a long list of active stocks closed from
In addition to the
1 to over 4 points higher than last week.
issues mentioned above, Great Northern preferred, Atchison,
Hudson, Louisville
Delaware
Nashville and Chesapeake
JHfftrenets
&
Ohio have been conspicuously strong features, the last1902
1903
1904
from
Mar. 28
Mar. 29
Mar. 26
named on favorable traffic reports. Pennsylvania has conprsvious v>*tk
tinued active and closes with a net gain of 1% points.
Industrial stocks have been dull and irregular. United
Capital
115,572.700
110,322,700
88,622,700
orpins
132.886,200
122,764.400
103,685,700 States Steel preferred was strong in anticipation of the
Loans <* discounts 1,007,868,700 Ino 8,944,900 904,699,200 904.074.500 forthcoming quarterly statement.
Amalgamated Copper,
Circulation........
42.900,800
36,086.000 IlO
22,200
81,423,100
•1,048 668,600 Ino 11.664,800 894,260.000 966,868,800 the active feature of the list, closed with a net gain of 1
Met deposit*
Specie
487,600 163,461,600 177.882,700 point.
217,727,100 Ino
General Electric declined on the announcement of a
Legal tenders
71,908.900 Ino 2,584,500
66,384,400
70,921,300
new issue of stock. Westinghouse also sold off 2% points
Reserve held
289,636,000 Ino 8,072,000 229,845,900 248,308,900 and Consolidated Gas was weak.
16 p. o. of deposits 262,167,125 Ino 2,913,700 228,565.000 241,338.825
For daily volume of business seepage 1265.
following sales have ooourred this week of shares not
The
158.300
Surplus reserre
27,468.875 Inc
6,280,900|
6,965,675
"$46,948,100 United States deposits lnoluded. against $40,488,700 last represented in our detailed list on the pages which follow.
week and $40,190,000 the corresponding- week of 1903. With these
Sales
United States deposits eliminated, toe surplus reserve woald be $38,966,900
STOCKS
Bang* for Wssk
for
Bangs sine* Jan. 1.
WttK Finding April 1 Week
on March 26 and $37,482,760 on March 19.
Norn.— Returns of separate banks appear on the preoedlng page.
Allegheny & West, guar
10 160 Mai 30 150 Mar3d 160 Mar 160 Mar
A.llls-Ohaimers Oo, pref
160 40 Mar28 40 Mar28 894Mai Ol^s Feb
Foreign Exchange. The foreign exchange market has Amer
Agrioul Ohem, pf
60 7» Mar29 734Mar28 72»«Jan 76 4 Jan
been strong this week, responding to a good demand for Oommerolal Cable
14 172 MarSl 172 Ma. 31 168 4Jan 198 Feb
2>4 Mar36
3 Mar 2*
4,424
2SMar S4Mar
remittance; all offerings of bills seem to have been promptly Del A Hudson rights
2o0 73 Mar26 78 Mar26 78 Mar 784Jan
Detroit City Gas
absorbed.
8 MarSl
Distil Co of America....
11
8 MarSl
2 4 Jan
8 Max
20 494Mar29 49 4Mar29
494Mar 61 Feb
To-day's (Friday's) nominal rates for sterling exchange Homestake Mining
Horn Silver Mining
200 1-30 Mar Q 8 1-30 Mar28 1-26 Mar 1-80 Mar
were 4 85@4 85% for sixty day and 4 88 for sight.
To- Laclede Gas (St. L..), pf.
50 90 Mar28 90 Mar29 91 Mar 104 Feb
day 's (Friday's) actual rates for sterling exchange were Borne Water & Ogdensb.
16 132 Mar30 1824MarlO 131 Jan 182 4Mar
200 a;1004Mar31 1014Mar30 96 Feb 10l4Mar
4 8475(34 8485 for long, 4 8735@4 8740 for short and 4 8770@ United Fruit
4 8780 for oables. Commercial on banks, 4 8450@4 8465, and
Outside Market.— There has been a material falling
&
&
—
doon ments for payment, 4
83%@4 84%. Cotton
for
payment,
83%@4 83%; ootton for acceptance, 4 8450@4 8465, and
grain for payment, 4 84%@4 84%.
To-day's (Friday's) aotual rates for Paris bankers' franos
were 5 17%*@5 17% for long and 5 15%*(a>5 15%f for short.
Germany bankers' marks were 94Jg@»4 15-16 for long and
95 5-16f@95 5-16 for short.
Amsterdam bankers' guilders
were 40%@40%1[ for long and 40 5-16@40 5-161T for short.
Exchange at Paris on London to-day, 25 f. 13% c; week's
range, 25 f. 14% c. high and 25 f. 13% c. low.
The week's range for exchange rates follows
4
-Long.Htsrling Actual—
High... 14 8475
To 4 8486
'» 4 8450
Low... |4 8440
-CabUs
-Bhort.-
4 8735
4 8710
I
Pari* Banker France—
High... 5 174*
® 5 174
«
4 8740
<t
4
8716
6
15V
16V
I
4 8776
4 8746
»
'*
,
4 8786
4 8766
s'
6
I
17V
18V
» 5
6
<J*rx*any Bankers' Mark*--
Low...
I
16M
6 164"
6
944
» 96t
96»„
'* 94"i*
96» lt t
94%
Amsterdam Banker*' Guilder*—
High...
Low....
High...
Low....
Leas
:
96»„
I
I
I
40' 8
404
>i< of
S 8 »» of
'
1%.
1%.
»
•
t
40 VI
4041i
>• of 1«4.
40» 19
4041)
I
t
»«i of
1%.
9
40»i«*
: H
Pins
l
market
borough Rapid Transit advanced 2 points to 110. American
Steel Foundries preferred sold on Saturday at 30. a gain of
96V
I
off
for unlisted securities this
week, and apart from the interest displayed in the Northern
Securities group of stocks, the market has been without noteworthy feature. Northern Securities stock continued to be
the most active issue, total transactions for the week aggregating, it is estimated, about 42,000 shares; the stock
declined from 97% to 95% in the early part of the
week, but subsequently it advanced to 99%; the last sale today was at 99%. The price of Northern Securities "stubs"
rose from $212% to $275, then dropped back to $237%, and
Northern Pacific (when released)
later recovered to $250.
gained 10% points to 134%; the last sale to day was at 134.
After a drop of 4 points to 165, Great Northern preferred
(when released) rose to 169%; this was followed by another
reaction to 165%; the close to-day was at 166. Inter-
in the dealings in the
u of 1%.
•* igg of 1%.
7 points over the price paid the previous day. Very little
interest has been manifested in the copper stocks ihis week,
and Greene Consolidated has been the only issue to display
any activity; the price of these shares declined from \\%
to 11% and then rose to 12%; the close to-day was at 12%.
Outside quotations will be found on page 1265.
U
^
H
3
.
.
New York
Exchange— Stock
Stock
341
.)
Record, Daily,
J
1
11
Weekly and Yearly
OCCUPYING TWO PAGES
STOCKS— HIGHEST AND LOWEST SALE PRICES
Saturday
Monday
Tuesdav
March 26
March, 28
March 29
Wednesday
March 30
Thursd.au
March 31
•23
53
•24
•52
•24
•62
•24
•52
71 Hi
90 '4
79 Hi
•89
•23
•53
68 78
90
78 Ha
«88Hi
4234
•118
•132
27
56
27
53
69H» 70H
89 78 90 H
7834 80 H
69 H
90
79
89
J 88 Hi 88 H
43 '4 44
43 H
124 •118
•132
114Hsll4H 114 Hi 115
•65
65
65
•64 Hi
H"
•156 169 •186 159
32 Hi 32'.,
-31Hj 3lHi
37 Hi 37
•36Hj 37H<
80 84 \
*80
;-4
•180 200 '180 200
•120 140 *120 140
15 Hi 15
15Hl 15 58
•82
•84
87
87
•65
69 k; •65
69 Hi.
•26
26 Hj 26 Hi
27 a4
14034 142 Hi
140«B 141
•171 176 -171 176
169 '2 171
•168 170
;l
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27
66
69*8
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7
1534 Iti '4
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•53
54
54
•23 >o 24Hi •23 Hi 24\
150H,150H? 150Hil53Hi
265 268
•265 267
*20
•19
21
21
*6734 69
•65
70
•19
•19
25
25
•10
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HHi •10
19 21
•19
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a
64
64
S64 4 64 34
•8
10
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•12 Hi 15
•30
26^8
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41 34
•60
•70
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26=8
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42
65
78
4134
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74 Hj 74 H,
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•
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•80
82
129 129
19 Ha 19 Hi
•33
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•70
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*
59 H<
174
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«
65
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81
129Hil30 7b
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34Hi 34H?
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•65
67
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20
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37
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•40
60
•26
27
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•250 275
•46
54
I0534 105 34 108 14
143
142 Hi 14234
78
78 Hi
*76H» 80
111 11m
111 111
•40
•26
•90
>250
•46
105 Hi
142' 8
60
27
105
275
54
l
•139
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•65
•156
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158
31 4 31 7e
373, 38 76
-80
84
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120 140
15 a
15 Hi
4
•82
87 Hi
•65
69 Hi
26
26
141Hll44 l4
172Hil76
169
172'4
73H=
92
80 Hi
8934
*9
•9
•35
•15
11
38
19
Hanye
lor Previous
Year (1903
Lowest
Shares
Highest
Lowest
l
:,
l
J Do
Highest
•50
•85
Do
Ft.
©
O
o
o
Worfh&Den.
Do
w
M
o
58 Hi
•85
54
•85
64
117 78
-18
•74
•55
•90
4439
•78
Michigan..
&
Keokuk
Do
Des Moines...
pref
Lake Erie
Do
L.
<fe
Western.
.
pref
Shore
& Mich.
South'n
Long Island
Louisville
<fe
Manhattan
Nashville...
Elevated
. .
etrop. Secur., sub. rec.
Metropolitan Street
Met. West Side El. (Chic.
pref
Mexican Central
Michigan Central
& St. Louis.
Minn. S. P. & S. S. Mane.
Do pref
Mo. Kansas & Texas
Minneapolis
61*4
17Hi
Do
pref
Do
pref
Missouri Pacific
Nash. Chatt. & St. Louis
at.of Mex, non-cum.pl'
Do 2d pref
384
19H;
N. Y. Central & Hudson.
N. Y. Chic. & St. Louis..
iOo lstpref
Do 2d
pref
N. Y. N. Haven & Hartl
N. Y. Ontario & Western.
Norfolk & Western
Do adjustment, pref
Pacific Coast Co
Do lstpref
2134
5834
90
54
100
1185e
Do 2d pref
Pennsylvania
Peoria & Eastern
Pore Marquette
65
Pitts I). Cin. Chic.
99
pref
Reading, vot'g
64
20
76
80
Do
pref
Da
4539
79 Hi
6OH1
223s
6OH1
62 Hi
62
11
•9
11
38
•35
17
<fe
C.Ft.S.<&M.,tr. cts. pld
Kansas City So. vot. tr. ..
Do pref. vot. tr. ctfs.
•26
29 \
*100 110
•59
65
189Hil89Hi
Hi
B
owa Central
Do pref
Kanawha
rll634H634
21
ctf.
Valley
Do pref
Lllinois Central
*i
38 Hi 39 Hi
92 h. 93 Hi
10734 108
•37 H*
•18
C.,stnip.
deb.
Hocking
«119Hill9Hi
17Hi
Haute..
pref
Great Northern, pref
Green Bay&W..deb.ctf.A
10
135
57
95
X6I34
& Terre
Evansv.
1st
&
St, L.
tr. ctfs..
pref. vot. tr. ctfs...
pref. vot'g tr. ctfs.
2d
Rock Island Company
-23
Do pref
Kutland, pref
^t. J osepu<feGr'd Island.
Do lstpref
Hi
s
40
•I6H1 20
Do
41 Jan
69 Jan
89 7„Jan
103 Hi Jan
104 Jan
96 34 Feb
71HjFeb
Feb
Feb
i::s', Feb
150
160
7 s '-2 .Ian
L90
53 Hi
37 Hi
75 Hi
5184
2dpref
Jan
Jan
Jan
Deo
Mar
138HiJan
29=s
Jan
90 T 6 Jan
85 Hi Jan
46 78 Feb
t83'4 Jan.
194 »4 Jan
224 Hi Jan
250 Jan
200 Hi Jan
162 Jan
194 Jan
19 78 Jau
Jan
36
17 Ha Jan
50 34 Jan
993s
Jan
119 Jan
31 '2 Jan
72 Jan
48 Jan
183 'a Feb
276 H» Jan
43 Feb
90 Hi Feb
47 Hi Jan
203g
Jan
39 a4 Jan
90 Jan
19 Hi
293s
Feb
Feb
42=8 Jan
74 Feb
64 78 Feb
61 Hi Feb 29 6934 Jan27
62HsApr
37 Hi Feb 29 50 Hi Jan 2 44 J'ly
62 Jan 11 66 Hi Jan 27 39 >a J'ly 72 Ha Jan
72 Feb 23 72 Feb 23 78 Aug 91 Jan
52 Hi Feb 4 64 Feb 3 31 Sep 74 34 Feb
200 170 Marl 7 186 Mar 2 3 160 Oct 209 Jan
72 Mar24 79 78 Jan
73 Dec 85 Jan
1
29 ll 78 Feb2o 14 a4 Jan2o 10 Aug 27 Ha Jan
70 Feb 11 77 Hi Jan 22 63 Sep 106 Ha Feb
77 Oct 99 Hi Mar
150 77 Mar 12 85 Jan
Jan
7,974 125 34 Feb 24 134 34 Jan 2b 125'eJ'ly 151
400 17 Feb 18 22'sJan 8 10 J'ly 48 Jan
450 32 Feb 25 42 Jan 14 30 Hi Oct 773t Jan.
26 Mar23 29 Jan 2
25 Hi Oct 47 Ha Jan
65 Feb 8 69 Jan 21 62 4 Oct 82 34 Feb
200 16HlFeb24 21 Jan 21 16HiOct 36Ht Jan
31 Feb2y 38 a4 Jan 19 29 Oct 61 Hi Jan
100 10H»Janll 14 Jan 11 10 Oct 40 Max
48 J'ly {55 Apr
26 Marll 30 H; Jan 25 23HjNov 53 Jaa
§89 Jan 16 95 Feb 23 89 Nov 118 Feb?27134 Feb24 27134 Feb24 275
Dec 334 Ha Jan
49 Mar23 55 Hi Jan 2 49 Dec 83 Jan
Feb23
101
111
95
Sep 130HaJan
Jan
22
42,840
Hi
3,710 I0934 Marl2 146 Hs Jan 22 126 Hi Sep 155 Ha Jan
1,500 72H, Marl4 92 Jan 21 70 Ha J'ly 128 78 Jan
4,700 10434 Mar 14 124 Jan 2 99 78 Sep 142 78 Jan
16 Jan 15 17 H; Jan 4 17 Dec 38 Jan
45 Mar 9 §50 Feb 5 51H2Dec 88 Jan
9 Hs Feb 25 14HiJanll
8 Ha Nov 29 Mar
21,120
§119 Hi Feb 1 138
Feb26 102 May 135 Jan
3
61 Feb 18 67 4 Jan 18 41 Oct 110 Jaa
90 Jan 6 9434 Jan 21 83 Nov 118 Feb
1,125 55 Jan 4 67 Jan 20 42 Aug 79 Ha Feb.
560 117 Feb2o 126 34 Jan 2s 109HaJ'ue 132HiFeb
15 Hi Oct 30 Hi Jaa
1,900 14 s8 Feb24 19 Jan 21
42 Hs Jan 22 33 Oct 63 Ha Feb
1,130 36 Feb 2
7
71,265 87 Feb24 95 8 Jan 22 85 34 Aug 115 78 Feb
200 101HiFeb24 124Hi Janll 85 Oct 133 Hi Deo
100 34 34 Feb 25 41 Janll 34 Ha Mai 47=8 May
417 15 78 Feb 25 21 78 Jan 8 17 Nov 28HaJ'ne4,200 112 78 Marl2 122 Jan 8 112=8 J'ly 156 Jan
25 Hi Mar 7 32 Hi Jan 23 19 Ha Sep 45 Jan
108 Jan 21 108 Jan 21 100 Oct 118 Jan
63 Jan 19 69 Jan2t> 50 Sep 87 Jaa
440 189 Mar26 196 Jan 23 U87HiMay 225 Hi Jan
19 Sep 35 Hi Feb
10,450 193sMarl4 24 Hi Jan 25
3,485 53HiMarl2 62 3 i Jan 28 53 34 Nov 7 6 Hi Feb
883s Feb 25 89 Jan 5 85 Aug 93 Hi Feb
"Too 51 Feb 24 56 Hi Jan 22 3934 Sep 72 Jan.
80 J'ly 100 Feb
"Too 6 1 Hi J an "l2 67 7eJan22 50 Hi Aug 76 Jan
127,610 HlHiMarl2 123 's Jan 27 UO34N0V 157=8 Jan
17 Marl6 23 Hi Jan 22 15 J'ly 39 Jan
»;<> 75
Feb24 813* Jan 23 74 J'ly 91 Hi May
{74 Dec }70 Sep
55 Sep 94 Jan
60
Mar
9 66 34 Jan 22
100
97 Jan 15 98 Jan 22 90 Oct 115 Jan
75,200 38 34 MarU 48 Jan 25 37 Ha Nov 69 Hi Jan
300 76 Mar 1 81 Jan 25 73 Sep 89 76 Feb,
400 5 5 Hi Feb 2 5 62 Jan 25 553.1 Nov 31 Jan
19 Hi Aug 53=8 Jan
26.060 19 H> Marll 27H»Jan22
2,740 5734 Jan 6 68 78 Jan22 55 34 Sep 86 Jan
36 Hi Feb 6 38 Hi Feb 9 30 Aug 72 Jan
7
Oct 15 "4 Jan
9 Marl5 14 Jan 23
36 Feb 9 45 Jan 19 32 Oct 58 Jan
16 Jan 8 20 Ha Jan 19 13 Oct 24 78 Jan
4,627
2,550
1st pref
pref
Do 2d
Do
934
125
fe
17
803f
17H?
•48 Hi 50Hi
9=8 10
•125 135
•63
58
•85
95
10 Hi
93g 10 Hi
135
125 135
•55
•54
65
60
•85
•85
95
*»5
95
95
•62
62*4 62 Hi
63 14
63 Ht 63 78
63Hl 63Hl
•120 125 121 124 •122 125 120 125
•17
18
18
18
17 7e ISHj
•17Hi 18
•37 Hi 3914 •37 Hi 39 Hi
39 Hi 39 Hi
39
39
91
90-8 yi"*
91<>8 »2«e
92 Hi 94 Hi
92Hi
•106 108 105 110 •107 109 •107 109
•36 Hi 38
38 Hi
37Hi 37Ha 37
17H» 17Hj
17Hi I8H1 «1734 1734
116'8 117
117 117Hi 117 Hi 117 Hi 117Hill8 78
*26
29 14 •26
29V» •26
29 >4 •27
29 Hi
•100 110 100 110 100 110 •105 110
•59
•59
•60
•59
60
(36
65
65
189 189 •188 Hi 190 5189 I8914 *189Htl90
21
21^4 2134
213g 22
21Hs 2134
21H,
•57
58
57 7
6734 58 H.
58 "4
58
68H1
85
•85
•86
90
•85
90
90
90
•51
•51
•62
55
55
•52
56
55
*85 100
•85 100
85 100
•85 100
•63
•63
•63
66
•63
66
66
66
11634 1173b 11634H8
II714H8 1* 118H?119
•17
•17
21
•17
21
•18
20
21
75
•74
75
75
75
•74
76
76
80 *
80
80
•
•
62
•55
65
62
60
60
85 Hi 97 *90 99 •90 97 •90 97
43 Hi 44 Hi
44>4 4538
43 78 44*6
43H> 43%
78
78
•78
«79Hi 79 Hi
79 Hi
79Hi 79Hi
*60
•59
62
60 Hi *59Ha 6OH2
60
6OH1
7
22
22
223
22*8 23 Hi
2238 22 6
223s
4
•61 Hi 62 Hi
6234 63 Hi
62 Hi 62 Hi
62 78 63
•35
723,
92
,
934
mu4
lor Year
0/ lUO-sharelots
27 Jan 22 27 Jan 22 25 Dec
100 852 34 Jan 8 }54 Feb 1 54 Hi Dec
Atch. Topeka & Santa Fe. 194,185 64 Feb24 73> 8 .Mar;t(i 54 A\ip
6,755 87 "s Jan t> 92 34 Jan J J 84-Hi Aud
Do pref
63,655 72 7 e MarU go's Jan 27
71«8 8ep
Baltimore <fc Ohio
112 8768 Feb lit 92 Jan 28 82 34 J'ly
Do pref
Brooklyn Bapid Transit.. 33,810 38 Feb 24 52 4Jan 2 29 Hi Sep
110 118Ht Mar 2 127 Jan 12 121 Nov
Bultalo Roch. <fc Pittab'g.
140 Sep
Do pref
4,812 109 Hi Marl'. 121 »4 Jan 22 U5«eOot
Canadian Pacific
200 64HiMar23 68 Hi Jan 2 57 Hi Sep
Canada Southern
210 154HiFeb2t 163 4 Jan 19 153 Oct
Central of New Jersey...
3<i
13,546 28 Hi Marl
Jan 28 2 7 4Nov
C'licMapeake & Ohio
1,300 33 Jan 16 40 Feb 6
Chicago & Alton
18 Hi Sep
Jan
2
75
60 Sep
85 Hi Jan 21
Do pref
8181 Jan lb }162 Jan 14 5170 J'ly
Chicago Burl A Quinoy..
124 Feb 1 2135 Mar24 105 J'ly
Chicago & Kaat. 111., pref.
13 Aug
3,300 14 Feb 24 17 a4 Jan 22
Chicago Great Western..
83 Hi Feb ;> 85 Hj Jan 14 83 Hi Sep
Do 4 p. c. debentures
Feb
25
65
71 Jan 23 63 Oct
Do 5 p. c. pref. "A"..
25 78 Mar21 31 Jan 21
24 Sep
Do 4 p. c. pref. "B"..
1 ,600
Chicago Mllw. & St. Paul. 167,740 137 Hj Feb 24 14 s '4 Jan 22 133 Hi Aug
115 173 Mar 4 179 Hi Jan 22 168 Aug
Do pref
3,565 161H3Marl4 172 '4 Mar2H 153 Sep
Chicago & North Western
100 207 Fob 8 214HiJan23 190 Aug
Do pref
132 Oct
Chic. Rock Isl'd & Pacific
135 Mar22 145 Jan 2
117 J'ly
Chic. St. P. Minn. & Om.
176 Jan 6 176 Jan 6 2165 Nov
Do pref
3
400
8 Aug
Chicago Term'l Transfer
8H1 Feb24 12 4 Jun 1 6
Sep
1,035 18 Jan 2 26 Hi Jan 15
15
Do pref
Feb
20
4
300
3 May
Chicago Union Traction.
Ha
73s Jan 4
Do pref
29 Hi Feb 23 3334 Jan L8 30 May
"Too 75 MarlO 8034 Jan 22 66 Aug
Cleve. Cln. Chic. & St. L
100 Feb 8 110HiMarl4 112 Dec
Do pref
2,350 14 Hi Feb 23 19 Jan 12 10 J'ly
Colorado <fc So., vot. trust
200 52 Feb23 58HiJan2
44 Hi Aug
Do 1st pf. vot. tr. cfs
910 22 Feb 23 283s Jan 22 17 Aug
Do 2d pf. vot. tr. ctfs.
Mar
149
12
168
149
Aug
9,716
Jan
22
&
Hudson.
Hi
Delaware
30U 250HiFeb23 275 Jan 14 230 J'ly
elaw. Lack. & West'n.
3,700 18 Marl4 233gJan22 18 Oct
Denver <fe Rio Grande
600 64 Hi Feb 24 74 7aJan22 62 Nov
Do pref
24=8 Jan 22
19% J an
12 Sep
Des Moines <fc Ft. Dodge
8^2 Feb 29 14 34 Jan 23
7 34 Aug
Detroit South. vot. tr. ctfs
17 Mar 2 29 Hi Jan 2
14 Nov
Do pref. vot. tr. ctfs
Detroit United
460 61 Feb25 67 Hi Jan 22 55 Oct
8 Feb
10 Hi Jan 22
7 Aug
Duiuth So. Shore & All..
125
HHiFeb2b 16 a4 Jan 23 10 Nov
Do pref
54*,820
Feb
22
26 2 9 Hi Jan
23 Aug
1?rie
•135 141
135 140
•165 175 165 175
•9
•9
10
10
19 Hi 19 34 19 l4 1934
19 H.
6
•5Hi
6
6H1
6H1
*5Hi
•31
•31
32
32
•30H2 32
*74
76
76Hi 76\j •76
76Hi
•102 111
•101 111
102 111
1538 hj
15 34 I6H1
16Ht I6H1
3
a
53
53
62 4 52 4 *62Hi 63Hi
2334
22\ 2236 23
23Hi 23Hi
153 '4 155
152 34 154
153 153 78
268 268 •265 267
265Hl265 l4
•20
20 78 20 7b
21
2134.
21
^
69
69
69 Hi 09 Hi
69*4 70
19
•19
•19
24
23
20
12
•lOHi 11>4 •11
*10Hl UHl
*19
•19
21
21
21Hi •19
•64
*63Hi 64Hi *64
6t>Hi
•8
10
-8H1 11
*8Hj 10
•12 Hi 14
•13
15
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2534 263,, ' 26
26'4
26
26»4
63 Hi 64
63 78 64 Hi
63^
64
40 78 42
4l 58
41
403s 41
•60
*60
65
65
•60
65
•70
70 78 •70 78
78
•40
40
59 Hi •40
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59Ha
•170 178
175 176 •170 175
*
72
1334 1334
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•
75 *
75 *
74
*80>4 82
*8034 82
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129 34 130 34 130^ 131
130 130Hi
•19
19
20
19
*18Hi 20
•33
33
33 34 *33H» 35
35
•25 Hi 28
•25Hi 28
•65
•65
67
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67
*18 5e 20
•18
20
20
21
35
36 Hi •34Hi 36Hi
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*35Hl 36H>
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•40
•40
•40
50
50
50
•26
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•26
27
28
28
•90 105
•90 105
•90 105
*250 275 •250 275 250 275
•46
•48
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54
54
54
107 Hj 108 14 10734 1083s 10734 10834
14234 143H) 14234 143
142 Hi 143
•78
79
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78H» 79Ht
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125
Hanye
On basis
Arbor
Ann
Do pref
27
56
140
175
10
•15Hi
10a4 Ui«
•126 135
01
Week
EXCHANGE
90
{89 34
43 38 44^
43Hi 44H•118
121 121
132
•132
11538 115*4 11638ll5Hi
65 Hi 6534 •65 34 66
157Hil58Hi U58Ht 158Hi
82 84 33 7S
323s 3234
38 78 38 78
38 7 s 38Hi
•80
84
•SO Hi 83
•180 200 •180 200
•120 140 '120 124
15'<8 15 78
15H, 15Hi
•82
87 Hi •82
87 Hi
•67
69Hi •66H2 67 Hi
26
26 Hi
27H) 27H.
144-4 1463s, 144 1453b
175 '4 175 Hi 175 176
171 78 171 76 170Hll70Hi
213 213
-ii'.,
3119Hall9H
III34
friday
April 1
Sales
the
STOCK
Kailroads.
27
66
71=8
91 4
7934
Hi
89 34
§8934
433a
•135 145
•135
145
•165 175
'165
175
3
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lo
9 4
9»4
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19 Hi
«20H; 20 H,
193s 19Hi
•135
•165
71
90 Hi 903<
79
80 H
STOCKS
NEW YORK
•
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Hunks
Bid
Ask
NEW YORK
American
500
215
Astor
700
Boweryli
325
Butch'scfe Dr 150
Century Ii
170
...
Amer Exch..
Chase
Chatham
t
610
225
900
180
'500
.520
1|
Bid
...
Columbian ..
Commerce.. 6
Consolidated
C'rnExchgel,
Discount^...
East River..
Federal H
t202Hi
155
340
155
150
180
Fidelityli
340
4000 4100
265
405
350
Ask
270
400
f203
165
350
165
160
100
190
3600 4000
300
000 620
Bid and asked prices; no sales were made on this
Sale at Stock Exchange or at auction this week,
Chemical
Citizens' Ctr'
"
Banks
City
Colonial
160
Fifth Avel)
Fifth
First
.
Banks
Bid
Jeffersonlf...
210
t390
Gansevoortn 140
Garfield
500
German Ami] 155 165
German Ext 375
GermaniaD .. 600
Greenwich 1] 270 285
Gallatin
Hamilton!]
Hanover
Imp
&
Irving
170
:>oo
Trad. 560
220
530
575
230
140
275
500
950
310
230
295
140
230
Leather Mfr.
Liberty
Lincoln
Manhattan!].
MarkctJeFul
Mechanics'
Mech & Tral
Mercantile ..
Mercli Exch. 165
Merchants'.. 175
Metrop new! 375
MtMorrisll.. 210
.
Ask
Banks
Bid
Ask
290
147
Mutual!]...
270
290
600
1050
330
240
306
Nassau!]
190
180
400 450
1500
210
150
..
New Amster
New York Co
N Y Nat Ex.
New York...
1285
240
Northern
115
170
185
425
215
Oriental!|
1232
260
Pacific!)
Park (new).. U08H2
People's!]
270
Bid
Banks
Phenix
Plazall
Prod Exch!]
-
110
165
175
280
1-460
290
United.
216"
a Ex dividend and
rights.
ASK
100
525
Riverside!] .. 250
600
Seaboard
600
Second
Shoe & Leth. 140
800
Stated
34tb Street.. 200
12th Ward!]. 1127
23d Ward!.. 125
Union Exch! 155
-v
19th Ward!!. 150
North Amer. 205
1 ds riguts.
i| State uau&s,
i Less uia,n loo sujres.
A Assessment paid.
Trust Co. oartitlcates.
day.
t
--
Bid
Ask
14th Street!!. 300
Fourth
200
165
205
162H»
97H>
New stock.
U
'
.
StOCK Record
—Concluded— Page
STOCKS— HIGHEST AND LOWEST SALE PRICES
Tuesday
Morula u
rfaturrlan
March ZZ
March
Wednrsitav
Ma rcli
March 39
.'8
31
•ft,
STOCKS
St.
-62
•48
•62
»68
72
454
152
3
4
'•
48%
am
214
•814
121
234 244
121
244
35
924
35
91 34
82^
82
:i:.
*!>04
7
9
92
91»«;
164
16 4
*47
50
27
*18
194
•40
43
16
-13 4
2
1
'1
121
4
24
119
4 83%
914 92
•8
10
•43 4 44
19 4 194
37 4 87%
16 "s
45
50
•25
•18
•40
43
243s
JLhird
121
234
9
'
4
934
•8
10
•43 4 44
19
19 4
37 4 38
17
17
{444 444
•19 4
37 4 38
•15 4 164
47
4734
•25
18
41
87
853s
94
'.'2 '-
473«
27
1
874
S234
47
27
•26
27
184
18=8
41
4034
18=i
40 34
Do
'220
226
49
4s 4 48 76
20
20
ao
•71% 72
{714
220
226
493s 504
•194 204
7238
-29
-88
•23
188
Do
220
226
4J34
20 4
27
194
'4
•3
4
20
*2S=s
314
214
21»4
823s 8234
•3
4
•18
20
•Ms
•4834 494
494
92 '» 924
924
•112 117
112
•874 92
86
12584 126
I2534
•124 126 •125
v. tr. cfs.
pref. vot. tr. ctfs.
Do
74
27
•8
114
66
200
117
92
120%
a
•64
4
•484 50
27-^
27^4
64
*
•13
13 78
1974198
•106 4108
•13
134
*684 724
*22'»4 24 4
•164
167
•11
1134
65 '4 654
•264 284
•34
•74
40
78
-64 10
44
•103
:
44 34
<
4
63
200
{63
•194
ll)434
•28=8
214
82
•3
4
-3
•18
20
•18
114
-8
•72
67
J 195
*
69
"-2
{209
21
•73
•7
73*
•394
* 7
3934
1
6
•3734
384
•25
29
27 4
74
27%
10 4
3l=f
*28%
10
31=8
American Linseed
82 %
4
21=8
•81
-3
2134
83
4
American Locomotive...
20
49 4
•18
49
20
m
8
Do
Do
Do
Do
494
*72" 114
"68
194
"68""
193
85
82
14
38 4 38 4
•80
90
1
1
29
•80
•82
14
6
3834
29
38
•25
85
-7
38
•25
29
s
41
41
106
•0 7B
42
103
7
}7S^
7
783<
46
50
6
6
60H
50
13
4
L8»4
13
54
57
4
30
•100
•20
57',,
30
107
24
>..
"17;".
'4
200
7
7
64
54 4
50
13 4
6434
11
ll»i
4
>•
7
7
301..
107 4 •104
"20
24
88*4
•205
31
107 4
215
101% 161% 159
175
2110
10134
200
CoL <fc Hock. Coal & Iron.
Consolidated Gas (1ST. T.).
Continental Tobacco, pref
4,765
Corn Products
4,060
Do
New York Air
Do
&
Steel
Do
St <fe Iron
u _.
Standard Rope & Twine..
Tenn. Coal, Iron & RR...
Texas Paciflo Land Trust
Union Bag & Paper
pref
pref
54
United States Rubber..
Virginia Iron Coal & Coke
Vulcan Detinning....
30
Do pref
Wells, Fargo
215
&
Co.
est'n Union Tele'gph
West'gh'seElc&Mfgaasen
Do
2U0
16=8 Oct
274 Sep
12
J'ly
404 Nov
47*8 Jan 27
183s Jan 27
9 4 Jan 2
4 Jan 4
12 Jan 22
.36
20
Sep
14
4 Oct
Nov
33
l-'eu
J'ly
66
1;--
,
;',''.
..
Jan
Jan
Mar
.Ian
Feb
96
964 Mai
Feb
Jan
37' - Jan
31 7 b Jan
4s Jan
22 4 Jan
155)4 Dec
.04=8 Jan
95 4 Feb
22 3g Jan
64 4 Jan
323, Feb
554 Feb
27 4 Feb
62 May
38 4 Feb
29 4 Feb
55 4 Feb
1
43=8
2s;„
1
Oct
Oct
37% Jan
164 Oct
424 Jan
J'ly
1934 Jan
10
4
5
2
Marl4
Feb 15
Mario
64 Jan
404Jan
28
38
75
7
45
Mar 12
Maro
Mar30
1
Mar25
Mar23
1044Marl7
164 Jan 23
8 34 Jan 2.
494 Jan 23
224 Jan 27
7434 Jan 15
79 4 Jan 27
314 Jan
Marl6
82 MarlS
7
1 e Feb 24
3934
Jan
77
5
lstpre-f
484 Jan
31=8
Feb
95 34 Feb
4 Feb
244Jan
5
52 76 Feb
99 4 Feb
126 Mar
983s Jan
134% Jan
123 Deo
169 Feb
14=8 Feb
SO Jan
125 4 Feb
225 Jan
15 4 Jan
55 Jan
82 4 Jan
122 Jan
22 4 Feb
222 Jan
119 Jan
35 Mar
85 4 Jan
34 34 Jan
204 Feb
19 78 Jan
744 Feb
Nov 73 Jan
Dec 464 May
Oct 894 Jan
6 4 Sep 13 May
23
28
70
1
32
94
Oct 47=8 Feb
Oct 106 7e May
Nov 29 4 Feb
84 4 Feb 23 75 Oct 95 Feb
13934 Jan 22 105 Oct 177 Jan
90 Jan 26 68 Sep 244Jan
334 Jan 18 17 Aug 4234 Jan
102=8 Jan 23 87=4 Sep 108% Feb
33 Jan 28 22 4 Nov 65 a4 Jan
72 4 Jan 28 62 4 Nov 95 Feb
2194 Jan 22 196 J'ly 235 34 Jan
244Mar 2 16 Sep 37 Feb
78 Jan 4 67 Nov 90 Feb
6
4
6
174 Jan
1134 Jan
30
104
1
N ov 22% Feb
5=8
363*
N ov
80% Feb
12
60
J'ly
J'ly
84 4 Feb
Feb
30
41
29
224 Oct 72 Feb
67 Nov 97 4 Feb
34 Sep
6 4 Feb
25 4 Nov 68% Mar
22 Aug 4034 Jan
5S4Jan 4
8 4 Jan 21
57 34 Dec
6 Sep
Jan 27
Jan 22
54 Jan 2o
Feb 6 14=8Jan27
41 Jan 4 5 5 % Mar 31
9=8 Jan 6 12=8 Jan 2
54 4 Feb 1 60 Jan 22
190 27 Jan 2 344 Jan 25
15 98 Jan
1064 Jan 26
2,300
4.715
27,890
204,640
pref
United States Steel
Do pref
Virginia-Carolina Chem
Do pref
8S4
988
158 4159
176
pref
Do
29
107 4
21*4 Jan 27
41 Jan 25
19 4 Jan 22
6234 Jan 22
29 a4 Jan 2
21 7 8 Jan20
46 Jan 22
50 100 Feb 24 110 Jan 25
3
850
6 4Feb23
84 Jan 25
885 75=sJan 4 7934 Jan 25
250
6 4 Jan 15
93a Jan 21
1,500 40 Jan 14 574 Feb 2
S Realty <fe Construction
Do
Jan
3 Mar 4
4
344 Feb 24
27 Feb 9
""to 4 Mar22
66 45 Feb 24
6 34Febl8
400 40 Mar24
..__
13=8
Feb 27
24
9234 Marl2
100
United States Express...
United States Leather
Do
714Feb 9
64 Mar 21
5,345
& Foun
U. S. Cast 1. Pipe
Do pref
1
Jan
100 69
611 209
19
71 34
400
240
500
516
600
ISO
200
100
Rubber Goods Mfg
Do
Mar
26
31
590 264 Feb 24
..
55=f
205
1,300
20,406
pref
pref
Sloss-Sheiaeld
Do pref
47% Jan 22
Mar21 23 4 Nov
23% Feb 16 104 Oct
83 Mar22 67 4 Oct
3 Jan 8
4 a4 Jan 22
2 4 Mar
17 Jan 7 22 Jan 14 144 Sep
46 Feb 25 51 4 Jan 28 3634 Oct
88 34 Jan 6 94 4 Jan 2? 804 Oct
110 Jan 21 120 Feb29 90 Aug
85 Jan 6 91 Jan 13 80 Sep
1224 Mar 7 131=8 Jan 25 107 4 Oct
123 Jan 4 12634 .lan 30 116 Aug
121 Feb 16 130 Jan 25 1174 Oct
10 Jan 4 12 4 Jan 11
7 4 Oct
69 Jan 25 75 Mar 16 65 Oct
61 Feb 20 78 4 Jan 5 58 Oct
185 Marl6 20934 Jan 1
70 Sep
534 Mar 1
7 Jan 26
Oct
5
47 7e Feb 19 49 4 Mar 7 40 Aug
25 4Marl2 344 Jan 27 24 Nov
65 Jan 27 65 Jan 27 65 Dec
ll»4 Feb27 16 34 Jan 26
9 4 Nov
185 Feb 8 201 Mar23 164 Aug
1014Jan 4 109 4 Jan 22 94 34 Aug
124Marl5 223s Jan 25 15 4 Nov
65 Mar 9 74 4 Jan 23 60 Nov
2234 Feb29 264 Jan 21 2
J'ly
156 4 Feb 24 179 4 Jan 23 136 Sep
1034 Jan 6 143s Jan 25
9 J'ly
64 4 Feb 9 67 4 Jan 23 577 4 Nov
480 36 Jan 4
280 1004 Jan 16
100 14 4Fel>25
804 Jan 26
120 Feb 25
600 80 Marl2
new
Co.,
84Marl6
28 Jan 19
16 4 Jan 6
75 4 Jan 6
100
Pullman Company
t»ailway Steel Spring..
Do
A ug
83 4 —
9 I
Dee
35 J •ly
ij
15
1
pref
i>Do pref.
Republic Iron
4 Jan 5
64Mar24
11
244 Mar 24
""400
eop. Gas-L.<fc C. (Chic.)
Pressed Steel Car
13=8
20
"242
Brake...
U
102
110
445
700
Pacific Mail
7
4
325
pref
North Amerioan
78
3
610
pref
•64 64
504 50 4
{29
24
690
Do
114 114
58 '4 59 4
5S3«
Iron...
National Lead
110
64
&
pref
Manhattan Beach
National Biscuit
3934
78
1138
884 884
8S»4
17ft
•103
290
250
pref
Distillers Securit's Corp.
General Electric
International Paper
Do pref
International Power
Internat'l Steam Pump..
Do pref
•25
29
{3 7e
3 76
784 784
64 64
49 4 60
13-2 134
544 54%
11
57=8
•29
215
200
110
58=6
21;,
884 884
1564 160
175
'4
l;:
6734 58<\
57
•29
31
29
106 106
•102
•20
21
20
103
7
78 4
49
114 11\
'4
I 111
4
6
61
42
4
78 4
6 J4
4
305
20.-,
•884 B9
16141613j
42
•103
784 78 4
544
114 il4
63
42
110
200
20U
Do
}49% 494
«100
pref
Do
14
8
Do
Colorado Fuel
88
*7
384
3334
pref
Butterick Co
W
M
a
738
74
73b
43% {424 424
194 -19
194
•774 78
78
394 3934 39%
"w
Do
rnnsw. Dock& C.Imp't
30
294
69 4 71
69 4 71
209 210 {210 210
20 4 204
20>4 2034
{744 744
73 4 73 4
736
•7 4
7 J8
424 42
43 78
19 4
19
194 19
7734 {784 784 -77
3934 •39
3934
394
42
„* 7e
•25
9S'4
1,910
1,253
Renu'g.
Anaconda Copper
Brooklyn Union Gas
92
132
85 4
27
10036
83
27
98
30
86
28
27
97
29
74
7
42
-19 4
7734
'39
82
•85
115
&
Amer. Teleph. & Teleg...
American Woolen
Q
O
O
O
h,
92
132
pref
American Sugar Refining 37,190
"
84
pref
pref
American Snuft
Do pref
:l
126
2,850
867
Do
114
•66
193
pref
Amer. Smelt'g
93
117
92
55 J'ik
65*4 Au<j
78
7o
30
'4
5,150
pref
American Malting
-54 6 4
-5 4
-54 6 34
6 34
-5 4
6 J4
«48 4 50
•484 50
•484 50
•48 4 60
•27
284 284
284 •27
284 28
28 4
64
64
64
64
"134 133,
I334 1334
•12
13
4 134
133s
198 199=8 198=8 199
1984 1984 1974 198
3
106 1064 107 4 1074 *105 4 108 •10534
13
13
13
134 13 4 13% 13 4 13-8
•68
6934 6934 68
72 4
724 •684 724
•23 4 24 4 {24=8 24=8.
23 4 23
244 24 4
3
•165 167
166 166 4 165 1664 ' 1644 164=8
•11
•11
•10
12
12
•11
11
12
•644 65 4 65 4 654 65
•64 4 65 4
66
•26 4 284 •264 284 *26'» 284 •264 284
•35
43
•354 43
37
3734 38
37 4
-74
•74
78
•75
78
75
75
78
•64 9
•64 9
-64 9
•64 9
243=8 43'4
43 4 434 •43=8 44
{434 434
103 104 34 104 4 1044 •104 104=8 104 4 104 4
•144 15 % •14 4 15=6 •144 14=6 15
15
92
•84 4 92
•126 133 *126 133
•80
Sii
83 4 85
2934
2634 •25
2734
27
96
96 4
964
964 974
29 7H •29
30
{29'8 29%
•69
69 4 •69
71
71
209
209 209
209 209
<-203
21
4 214 •2034 21
• 72
75
75
74
74
424 424
19% 193b
•76 4 7734
8
•66
194
67
195
133
r78 3« 86
264
95%
«29%
7%
284
7
Jan
J
.
44
•3 3
92% 93
112 117 •112
•112 117
•86
•90
•90
92
91
1264 12634 1264 1284 1274 128 4
124 34 125 4 125 125 4 125 126
•125 127
•144 15%
•84
•844 92
•116
195
8
•64
4
2
49% 494 •49
93
93
92% ?93
114
•8
31=8
214 214
82 78 82%
•28=8
185
64
3%
Dec
167 Jan 23 1484 Sep
164 Jan 22 12 Aug
36 34 Jan 23 24 Aug
52 14 Jail 27
Sep
23 4 Jan 27 16 4 Oct
s(;4 Jan 22
69 4 Oct
92 Jan 26 85 J'm
27-1 Jan 2
204 Aug
124 4 Jan 13 100 Oct
22 Jan 21
17 4 Oct
29 4 Jan 23
Sep
15
3934 Jan 13
24 Sep
95 J4 Jan 21
79 Oct
12
90 4 Feb
88 Feb
v
Autr
220 Feh 2 225 Jan 6 204 Jan 235 Feb
43 4 Feb 8 52 Jan 2 33% Oct 75=8 Mar
17»4 Jan 6 21-% Jan 27
174 Nov 41 34 Jan
67 Jan 6 724Mar31
60 4 Xov 93 Jan
28 4 Jan 7 324 Jan 25 2 5 4 Aug 464 Feb
89 Jan 22 90 Feb 9 82 J'ly 98 Feb
23 Mar21 25 Jan 15 24 Nov 414 Jan
}185 Mar 7 £197 Jan 27 171 Aus 236 Feb
5 4 Jan 19
84 Feb 15 6 J'ly 29% Jan
2 5e Jan 5
54 Jan 27
24 Oct 114Jan
Express
malgamated Copper... 113,055
900
American Car & Foundry
625
Do pref
330
American Cotton Oil
20
Do pref
American Dist. Telegraph
235
American Express
100
American Grass Twine
60
Amer Hide <fe Leather
100
De pref
1,570
American Ice
72 4 72 4
•29
31
2s
2
Highest
I
iVIiscell
«fc
Adams
903,
28
192
49=,
126
1244124-4
-i
• 72
•64
•192
30
194
700
200
100
400
250
Erie...
Wisconsin Cent.
42 4
4S%
Feb 17
43 4 Feb 6
17 Feb 24
32 34 Feb 24
144 Feb 23
42 Feb 2
22 Feb 24
164 Jan 4
38 Jan 4
30
1,000
18,825
Lake
Jan
494 Jan
71 Marl 4 874Mar29
x864Feb25 94 Mar29
9
pref
&
$70
i
Do 1st pref
Do 2d pref
•144 17 4 •144 174
8
314
214
•814 834
21
723b
64
«3=8
: '.
•2rf%
226
'206
423,429
8,875
pref
Wheeling
6
90 Feb 25
214 Feb 23
115 Marl4
20 Feb 23
22 Feb 20
32 Feb 24
87 4 Feb 23
600
930
122
pref
Industrial
•220 226
504 49 4 504
20
20
20 4
714 714 72
30
{29*8 29' 8
294 2934 •29
•88
•88
93
93
91
{91
•23
•23
28
25
•88
25
•192
'188
195
I'll)
195
190
J
-64 8
-64 8
•64
•3'8
{334
3 34
44
*:v->4
44
*14 t 174 •14
15
144 144
7
7
J T8
7
74
6 7e
26>-.
274 28=,
20
264 27
•8
•8
9
9
9
•222
'
Wabash
L9%
48
L84 Feb 24
UnitRysInv'tof SanFran
3734
17
9
774 Jan
">.,...
Light
Pacific
Do
Jan
:
23,020
2,810
Twin City Rapid Transit.
Do prel
Union
6
2 *b Mar 9
294 Feb 24
414 Marl 4
250
400
153,67:,
4,960
&
1
394 Jan
150
ctfs...
(X.
&
86 4
93
•8
10
•434 44
•45
•25
•18
•40
1,700
Tol. St. L.
W. v. tr. ctfs
Do pref. vot. tr. ctfs.
84*8
37%
16 4
Avenue
Loicest
J "ly
Mar
861
Toledo Railways
92
193s
Fr.JPM&Coctts
M. & O. stock tr.
'Pexas <fe Pacilic
Highest
Lowest
1st pref
St.
214 214
25
25 4 25 4
4 254
•344
354
35
30
4
35 4 354
4
•91
92 4 •914 924 *9134 924
23 '4
Week
Louis Southwestern.
Do prof
southern Pacific Co
Southeruv.tr. cfs. Stmped
Do pref.
do
4
Range lor Year 1UU4 \\Kanqe tor Previous
On basis orlUO-shar^ lots
Year (l'J03j
Shares
Do 2d pref
C.& K. I .com stock tr ctfs
494 604
214 224
83 4 84
837a
'4
14
LAS
Do
2.".
,,,...
•154
72
46
34 4
24
118
-JO
•2334 244
119 121
"4
19
37 4
19
35=4
22
83
224
834
•20
22
•82
46
134
.
34
83
»l"4 26
M
<•.
72
159
134
i :
::.;
21
120
•20
4
19
1
82->4
284 234
*lls
45
4
:>
I
159
33
1
34 78
4* 7 ,
a
72
45
[Vol. lxxyiii.
the
EXCHANGE
-
5
2
Sales of
NEW YORK STOCK
jriday
April 1
Thursday
HO
54
.
44 J'ly
Jan
Jan
15 Feb
Nov 55 Feb
Aug 1504 Feb
Sep 15 '4 Feb
33
95
6
71 4 Oct
Dec
4
304 Nov
10 4
7
304
15
7934
96 34 May
28 4 Jan
73 Jan
194 Feb
J'ly
J'ly
58 Feb
39 78 Feb
10
49»4
Nov
Nov
80
Aug 128 4 Feb
17 4 Sep
17
5
Sep
8934 Jan
66=8 Feb
39 78 Feb
4 Dec 33 34 Jan
70 Sep 81 Jan
200 {205 Jan 30 }212 Jan 6 {191 J'ly 249 4 Feb
568 86 Jan 6 8938Marl7 804 Sep 98 Jan
790 154 Feb 23 173 78 J an 21 130 Oct 221 Jan
192 Jan 8U94 Jan 19 160 Sep 224 Jan
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banlu
Jlui
Vanek'l
ASK
Jlld
1 1
M .11111!
Waah.H'bta1 200
Wesi
"i
J •)
U>
11UOOKI.YN
175
m chan loaf
1
01 ).
.m
erohanu
.
..
,\ :in.-.;iu
.Vil
1IBOOKLYN
(
it
v
North
IVllplO'sIl
Boron
Broad
Brooklyull
,.
Oou'rlABBI
Fir«i
*
1
150
300
130
140
325
220
116
860
310
230
215
17lh Wardli.
'I
III.-,'
I'nionli
190
.,11
210 4
lie
>iuy\
Ask
t'OUlll
.
180
150
50
1
Hid and asked price*, DO aaiM OS tin* •t.iy. y Ut
Sale at Stook Kxoliange or at auction this week.
Truat Com.
K. Y.
Ask
Jiid
CITY
Bankers
1
'i
BroadwayTr.
0'lR'tyB<S n
Central Tr'st
City Trust...
275
1
1
1
10
10
!)<ro
'oloinal
306
Sommonw'tb ao
K.iMern Tr.. 146
Empire ..... 300
Equitable Tr 650
(
145
460
1950
300
325
155
7(K)
10.) au.ire*.
lix stock dividend.
1375 1425
Fifth Ave Tr 530
360
Guaranty Tr
630
Guardian Tr 175
185
Kuick 'rh'k'i -70 890
Lincoln Tr...
15
.MO
.Manhattan ..
195
*
;
:
1
Mercantile .. 1000 1025
Merchants'.. 200
;20
Metropolitan ,100
:::>
Morton Pruai SS5
395
uls riifiics.
Trust
dS.
Trust Co's Jiid Ask
Mut.Alliance 200 225
IV 10574
.N VLili
t
liOO
620
N YSec.v
North Aim
255
2
325 355
Real Eai 1 r
Standard ri'i ::j.i 350
Tr Co 01 Am. 215 230
Union Trust
1375
v SMtg&Tr r.to
120
1475 1500
Unit States
Van N'denTr 190 200
Trust Co's
P. itorij in
Co. oorUile, 100*. 'j
,<o
I
1
1
.
Washington
Windsor
on
t
Ask
:
1
;>.
Bid
BROOKLYN
.>
ParmLoATr
300
202
(
taau
Ash.
Exchange Tr
r.
198
is
Sid
Trust Co'h
190
170
Brook yn Tr 390
Blat limb
190
Franklin
320
la ;llt()n
290
400
Kings Co
200
140
ioo
1
1,
[81
i,<fcTr. t295
4
250
People's
t340
Wiliiamsb'g. 235 245
Nassau
180
uo.ito*.
hunk* marked with a paragraph
(fl)
are State banks
New York
Exchange— Bond
Stock
Record, Friday,
Weekly and Yearly
OCCUPYING KOUIt HAKES
BONDS'
STOCK EXCHANGE
Week Ending apkil 1
N. Y.
Price
Week's
Jtanye
Thursday
Ramie or
.since
March 31
Ask Low
Bid
U
s
U S
U S
U S
U. s. Government
2s consul registered. dl930
dl930
2a cousol eoupou
2s cousol reg small. .<<1930
siuaB.iiHKiO
2s cousol coui)
M.918
U s 3a registered
kVJlf
3s coupon
V 8 3s re'.' small bonds. .fcl91s.fcl9l8
U S 3s cou small bonds.
/tl907
U S 4s registered
/tl907
U 8 4s eoupou
1926
U 8 4s registered
1925
U 8 4s coupon
U S
Q-J
q-j
q-j
Q-J
3-F
8-F
3-F
Q-F
Q-J
q-f
Q-F
Philippine Islands land pur1914-34 Q-F
chase 4s
Last bale
105%
-5-°
January
BONDS
1
High So Low J/iyh
10578 100'j 100*4
106*4
10 105*2 107*4
15 105 '4 106*4
10634
I0>l 4l07
106 a4 107 h 107*4
107
105*2
100 34
107*2
107*4 108
108*4 109
108
132^1 33 *4 13334
133
133 \ 133
Mar'iil
106»4
100 aj
Feb '04
1U6
108
10538
111.".',
105H
11034
Franklort-on-Main 3*28 ser 1.. M-S *93
These are price s on the basis
U S of Mexico slgia oi 1899 q-j *92
2 he.se
Class
Class
1900 J.J
1901! J-J
1900 J-J
1920 J-J
1924 F-A
B5s
C 4s
Currency funding 4s
Dist of Columbia 3"05s
Louisiana new consul 4s. .1914 J-J
Small
Missouri fun ding.... 1894-1990
4s. 1910
1919
6s
1933
So Carolina 4 Has 20-40
Tenu new settlement 3s. .1913
Small
Virginia fund debt 2-3s... 1991
6s deferred Brown Bros ctfs.
Norlh Carolina cousol
J-J
J-J
:,
4
J'ne'02
106 y4
i'0'1';''.;
Mar'04
Mar'04
Nov'03
Mar'04
106 3 < 107*2
107 108
III34 Mar'04
11134 11 13j
132 34 134
95 *a Feb '02
lour marks
102
....
10438 Sep "02
109*4 Oct *00
1
.
1
1
.
Mar'02
Mar'03
102
103
Feb '04
102
Div 3*28
Iowa Div sink fund
120
96
J-J
95%.
Illinois
Mar'00
Mar'04
93*2.
7*2.
Docket
lui
SeeCentofNJ
/t.1995
4a...
Begistered
Adjustment g 4s
Q-J
1995 A-O
1995 A-O
/t.1995
fc.1995
Xov
No\
Stamped
/il995 M-S
East Okla Div 1st g 4s.. 1928
Chic tic St Louis 1st (is. .1915 M-S
At! Knox «fc Nor 1st g5s.. 194(5 J-D
Atlantic Coast 1st g 4s./tl952 M-S
Ckarles & Sav 1st g 7s.. 1930 J-J
1st gold 6s.. 1934 A-O
Sav F &
1st gold 5s
1934 A-O
St John's Div lstg 4s. 1934 J-J
Ala Mid 1st gu gold 5s 1926 M-N
Bruns &
1st gu g 4s 1938 J-J
Sil Sp Oca & G gu g 4s 1918 J-J
Atlantic &, Danv bee South By
Atlantic & Yadk bee South By
Austin <fc N
bee Sou Pacific
Bat Creek & 8 bee Mich Cent
Begistered
MS
W
W
92*9
01 '^ Sale 101
i
101*4
89
89*2 893s
82*2
89 % Sale
88 7s
93
98
93
12
101*4 249
101*4
4
1
893„
Jan '04
893s
17
93 a4 Deo '03
100
92 ia Sale
114*2 Oct 'OL'
92*2
92 34
66
134
11234
110
94
125*8Nov'03
112 58 Jan '04
95*4Nov'01
109 Mar'04
87 Aug' 01
91*aOct'03
.
.
.
91%.
PJun&MDivlstg3*2Sl925 M-N
F
Begistered
pl925
3N
PLMWVa sysrei 4sl941
-1925 J-J
Southw Div lstg
3*23..
Begistered
'(.1925
Monon Biv
n
1st gu g 5s. .1919
1st cgl*23.. 1930 M-S
Pitts Clev & Tol 1st g 6s 1922 A-O
Pitts <fc West lstg 4s. ..1917 J-J
Co certfs
J P
Beech Creek bee
YC
Belle v <& Car bee Illinois Cent
Bklyn
Montauk bee Long 1
Bruns <fc West bee Atl Coast L
Bullalo
Y 6c Erie bee Erie
Ceu Ohio B
M&
N
I&D
LaCrosse&D
94
•92
102
94 %
Sale
•88
88*4
89 *2
89
94 34
88^
Sale
106%
105 % 110
120
95 100
94
88*4
88*2
90*4 J'ly'Oi
105*2 Mar'u4
10934 Oct '03
119*2 Mar'04
98
Aug'03
100*4
Feb '03
114
Mar'04
.
103
Apr '97
.
121*2 Mar'04
122*2 Mar'04
&H
62
94
95*4
92*2 Mar'04
92*4 92*2
102
102*4 103 100*4 102*4
1013gFeb'04
10138 1013a
94 Nov'03
88 Mar'04
87 *a 8934
94*2
1st 5s.. ..1919
Mineral PointDiv 5s. ...1910
1910
So Minn Div 1st 6s
2
40
92 78
92*2
87*4
97
89
105*2105*2
119*2 122
&
N
B & P gen g 5s.. .1937 M-S 113% 114%
AB West 1st g 4s gu.:1998 A-O
1943 J-J 112
C1& Mah 1st gug5s
Boch & Pitts 1st g 6s. ..1921 F-A 118 V
Bunalo
113*2 117
<fc
Cousol 1st g 6s
&
1922 J-O
123
Bullalo
Southwest bee Erie
susq 1st ref g 4s.dl951 J-J
Bull
&
<U951 J-J
Bur Cedar li.de No 1st 5S.1906 J-D
Con 1st &ool trust g 5s.. 1934 A-O
Begistered
1934 A-O
98
Mar'04
121*2121*2
I21*sl22*2
97*2
99
Begistered
103 Sale
117=8
C B IF <& N Wlstgu 58.1921 A-O 110
M St Llstgu g7s 1927 J-B
1908 J-J 103^4
Cmnada South 1st 5s
^2d 5s
1913 M-S 105
Begistered.
lulu M-S
Carb & Shawn bee 111 Cent
1
023,
117
103
Mar'04
10138 103
117 117
120*2 Mar'03
118
Sale
Sale
10^38
104°b
107
Jan '02
I0334
105%
40 102*2 10334
104«8 1.07*2
Aug'03
bee Balti & Ohio
BB cW B of Ga col g 5s 1937 M-N
Cent of Ga BB 1st g 5a.. #194 F-A.
92
91*2Mar.'04
90
income g 5s
194 M-N
1945 M-N
pl946 Oct
Met By Co 1st gu sr 6s. .1911
Bet Cit St By 1st cong Js. 1905
Gr Rapids By 1st g5s...al910
Louis By Cq 1st con gas.. 1930
Market St C Ky 1st g 6s. 191Met St By gen eol tr g 5s. 1997
Bwa,ycfc7thAvl3t c g 5s 1 94 i
Bway&7thAvl3tcg5s-194i
H4s
M4s
N4s
P4s
....1910
BI&
J-J
J-J
M-N
F-A
F-A
J-J
J-D
J-J
102
102
73*2
73
108*9 Mar'04
100
100
10l»4 102*, 101*4 102 y
85 Sale
85
85
78 ...... *85*9 Jan '03
102
Sale
Sale
>08*2l'09
73
90.'"
93" "92*2 Mar'04
A-O
95
jWoO
J-J
J-J
J-J
X08
J-D
Ndv'UI
r09"Marv
9*8*
j.:i
F-A
J-D
•Nour'ice Fridaryj latest price this
Pao (Bit
4s.'.20O2
2002
1913
Begistered
M-S
5e
Met
BB
W
Feb '04
1
Jluih.
18
32
20*4
i.04*" i'o'i""
J'ne'99
J'ly'03
Mar'04
128
128*8 128*2 Mar'04
111*4
111*4 Mar'04
LOO
102*2 104*2 105 Dec '03
101
101
101
101*s
127
131*9
130*a
111*,112>2
100
102
103*4 IO934
111
111
II434 116*4
113 115
100*2 104
99*2 101*9
94*2 9434
106*2 Oct '02
84
...
83*4
76*2
....
M-N
M-S
J-D
A-O
M-N
M-N
J-J
J-J
J-J
J-J
J-J
J-J
J-J
77*4
99»s
92 *4 Sale
A-O U078
A-O 102*6
M-N 105
M-N
M-S
106
Sale
107
112*8
107*2
130*4
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-D
J-D
Q-F
F-A
F-A
M-N
Q-F
A-O
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
F-A
M-S
M-S
M-S
M-N
M-N
F-A
M-S
J-J
92*4
109*8
92**
Dec '03
10034 Nov'03
104"a 105
105 Dec'03
10034 Feb'04
106
115
22
35
42
127
129
109
171
109*4
107 a4
97*4
97*4
97*4
101
91
93
*9
100 34
IO534 107
114*2 115
106*fc
106*4
11534 116 78.
112*4 113
126^128
126*2 Feb'04
108 J'ly'03
Jan '04
99
100
106
Feb '04
Jan '04
108
173
109
107 34
111
84*9
74*2 77*4
81*v.
26 104 % 106
1293gOct '03
116 117*4 116 Feb'04
120 Dec '02
114*8
113 Jan '04
108
173
109
107*4 109
108
169
109
Mar'04
Mar'04
Mar'04
Dec '02
97*4
98%
113*8115*2 116*2Apr'03
115*4
Ill
114
110
1153e Mar'04
110*4 Feb'04
115
115
Sale 109 34
110
11538119
109% 111
11434 116
10934 110
127*4
137*2J'ly'99
115*2 11708 118 Feb'04
106
173
....
....
....
112*4
106*4 107
X1078 ....
10978 ..~
11334 ....
111 ....
115 ....
129*8....
102
....
98*2
116% 118*9
Mar'04
Mar'04
113% Oct '03
107 Mar'04
111 Mar'04
109 34 Feb'04
114 Mar'04
113 Oct '03
114*4 Mar'04
129 «8 Feb'04
106
169
104
Jan
103 Nov'98
113 34 Dec'03
111*2 Dec'03
110*4 112
106*2....
110*4
110*4
107
105 ....
Mar'04
104*2....
Mar'04
109»4.— 10«34 Mar'04
108*4....
108 34 Jan '04
116 34
116*4 Mar'04
115 1177( 123 May'01
10678
100
106 Nov'02
103
108 Oct '02
104
106 ss Nov'03
11134
111*4 Dec'03
128*s 129*2 1283s Feb'04
117*2
II734 11734
106
105
104
106
169
107
11034
10934
114
107
ill
10934
114 34
114*4 114*4
'04
'02
1063a Oct
97*2
98*2
106
169
129% 129%
:
113*9 il8
104
"97*9*99"
104
19
20 109*2110*9
2d 106 107
104*2 106
104
104*4
108*2 1 OS's
10834 10S34
115*2 110*4
128*4 129
10 117*4 118%
142*2 Feb '02
13134 Dec'03
129*4
129*4
F-A *101
107*8Feb'01
109 Sep '03
M-N
M-N
M-N
M-N
M-N
M-N
MN
M-S
90 \ Dec 'Oh
84
84H
77
77
83 34 Apr '02
104 a4 Apr '00
99 Mar'04
106*4
ft
121*4 123
122*8 Jan '04
I20 a4
103 Sale
120
122% 122*9
120
Feb'04
103
102*2
70 101
120
104
107 Jan '03
98 Aug'03
9978 J'ne'02
99*2J'ly'02
9938 j ne'02
87 Aug'03
6934
70%
,
'
7(3 sg
Sale
79 Sale
104 a4 ..--..
96
47
66*9
7434
8S*4Jan'03
85
63 73
78
79
104% 104%
104% Jan '04
103% 103%
103% Jan '04
95*4 Oct '03
90 Oct '03
.
98
—^ 106
93 34 98
106 100
Jan '04
Mar'04
Aa«e-/
A-O
M-S-
MS
J-J
J.J
91*2 90%.
9.0%
115*2Mar'04
115*9--..
114
94*a Sale
117
.:....
J-J
M-N
94%
117
94
106
110
F-A
F-A
Mar'04
94*2
89% 92*9
115*2 119
114 110'4
16 94% 95*4
1
Mar'04
Feb'04
136
94
117
95
Oct '99
J'ne'02
loc^
109*4 Apr '03
109*2 Dec 'OU
J-J
Union Kl.(Chic) lstg *?.. 1945. A-O
United EBs San Ft^<4e.l9-27 A-O
United Bys-St L 1st g 48-.L934- J-J
Chic St 4«-yr eons g tfs.lU3ii M-N
W
25
3
'i-
Koilway
St By—(Oon)Bjit g 4s2002
Col & 9thAv 1st gu g5«. 1993
Lex Av<fc.p F lstgu g r,B rt»93
Tliird Ave
oongu 4s 2o0o
Tliird A«ve By l8trgos,.1937'
Met S El (Chiel 1st g"4s. 1938
Mil F.1 By <fc L SO-yr g 5s.4926
Mfnn St By 'lstj con g~3s..l919
"90"""J2*i St Jo By Lj Hjfep IsXTs 5s. 1037
•St Paul CitrCa-b iion'g 5s. 1-937
100 102
75
73
107%.10&*2
100
1 ^00
16 100 103*4
17 92
87*2
104
102
103
128 34
128 a4 129
91*4.
lst2*2S
1905 J-J
,..+
.'. . lOifo
Ex.tensioH ,4s,96
9iJt J-J
Keok & Des Mist os... JL923
92J A-O *10 4*4.. v
on Next
I.i,
It
Consol gold 5s
BONDS—Continued
January
<
109»< 10934
109
111 Jan '04
110 117
116*4
116*4
113*9115*2 113 Mar'04
1013* Sale 101' 4
102
103 Apr'01
104
112 May'03
101 101*4 101*4 101*2
94*2 94 a4 Mar'04
& G gen g 5s .el919 j;j
1952 M-N
DesM.&ThD Lit 4s'.... 1905 J-J
Choo Ok
Mar'04
107 107
116*2 Mar'04
116*ill8
106% 107 106 *a 107 *e 13 10334 107**
105*2 Sep '01
68
Yi 6534 71*2
68
•Will'.'.
107
1915
1916
1918
J
Street
A-O
103*8
102*5
IO434
J-J
^..1917 J-J
1988 J-J
.1988 J-J^
4s. ..1904 M-N
.S.
CoB trust gold
ailasCELLANEOLJS
Street Itailvrny
Brooklyn Bap Tr g 5s
1945
1st refund eonv g 4s.... .2002
BkCity 1st con 5s. 1916, 1941
Bk Q C» & S con gu g 58.1941
Bklyu Uu El lstg J-os.lft50
KliVgs Co El 1st g 4s.. ..1949
Nassau Elec gu g 4s
1951<
City & s By Bait lstg 58.1922
Conn By <fe List <fc ref g4*2S '51
Deu*G»u Tt g 1st g 58. ..1933
Den Tram Co con g 6s.. 1910
Begisttefed
CoU trust Series B
92*2
Central Ohio
.Begistered
Ashland Div 1st g 6s.. 1925
Mich Div l«t g 6s
1924
Convertible deb 5s.... 1907
Incomes
1911
,.
Ohio Bock Is! '& Pac 6s. ..1917
Cliio
Ceu Branch U Plstg4s...l948 J-D
Cen Branch By bee Mo Pac
1st pret
1913
lstconsol 6s
1915
Chic & Northw cons 7s
1886-1926
Extension 4s
Begistered
1886-1920
1987
General gold 8*28
Begistered
»1987
Sinking fund 6s. ..1879-1929
1879-1929
Begistered
Sinking fund 5s. ..1879-1929
Begistered
1879-1929
1909
Debenture 5s....
1909
Begistered
Debenture 5s
1921
1921
Begistered
Sinking fund deb 5s. ...-.1933
Begistered.
1933
Djjs Mo & Minn 1st 7s. .1907
Milw & Madison 1st 68..1905
Norm Illinois 1st 5s.. ..1910
Ott C F & St Paul 1st 5s 1909
Winona* St Pet 2d 7s.. 1907
MB L S & West 1st g 6s 1921
Ext & JCinp srund gSa 1929
Begistered
General gold 4s
Carolina Cent bee Seab Air L
Capthage <fe Ad See N Y O & H
Ced B la F & N bee BCE&iN
Cousbl gold 5s
SouthwestDivl8t6s....l909
Wis& MinnDivg5s 1921
Mil & No 1st M L 6s.. ..1910
I
ife
Ceu
5s. .1919
96
W
altcfcOhiopriorlg3*28.1925 J-J
Begistered
A1925 Q-J
Gold 4s
/i.1948 A-O
Begistered
/tl94» Q-J
Conv deb 4s
1911 M-S
J-J
J-J
J-J
1950
5s 1905
1922 F-A
1949 J-J
1919
Sinking fund 4s
Nebraska Extension 4s. 1927
91*2 92*4
1927
Begistered
1921
7
8
Southwestern Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han & St Jos consol6s. .1911
1907
111
lstsf
cur
6s.
CI11C& E
1934
1st cousol g 6s
1937
General consollst5s
1937
Begistered
Chic & Ind C By 1st 5s. 1936
93*2 Chicago & Erie See Erie
92
98 78 101*4 Chic In&Louisvref 6S...1947
99*4 101*4
1947
Kef un ding gold 5s
«7*4 90
Louisv N A & Ch 1st 6s. 1910
82*2 82*2 Chic MB & St Paul con 7s 1905
87*2 8934
1914
Terminal gold 5s
General g 4s series A..el989
Begistered
el989
General g 3*2S series B.el989
91
94*6
Chic& LSuDivg5s....l921
Chie& MoBiv Div 5s.. .1926
1910
Chic& Pac Div 6s
1921
Chic& P Wlstg5s
11208ll2«B
1916
Dak & Gt So g 5s
i'0'9" i"09
1924
Far & Souassu g 6s
1910
Hast<fc DDivlst7s
1910
IstSs
1908
Extenlst7s
95*4
93*2 Nov'03
92*4 Mar'04
7*a Feb '04
Since
S
J-D
Oct
Oct
1st lien 3*28... 1950
Begistered
Chic B & Q— Ch & la D
Denver Div 4s
136*aJ'ly'01
K:ull ouil
nee So By
laba Midi See At Coast Line
Albany <fc Susq bee Del & Hud
Allegheny Valley SeePeun KB
ABeg <fc West See Bull B & P
Ann Arbor 1st g 4s
Atch X & S Fe gen g
102*2
Rang* or
Last Salt
Ask Low
1 1 111
29
29
30
30
18*2 20
18*8
18*2
• 85
92 Aug'02
Begistered
General gold 4*28
Begistered
Craig Valley lstg 5s. ...1940
B & A Div 1st con g 4s. 1989
1989
2dconsolg4s
Warm Spr Val 1st g 5s.. 1941
Greenbrier By lstgug4s '40
Chic& Alt BB ref g 3s. ..1949
Mailway
JUi nge
tele's
II
Thursday
March 31
Bid
.
6 Apr '03
109*2 Feb '99
104 %.
H
al911
1939
1939
1992
1992
1st cousol g 5s
to
102%Mar'02
107
119
N Y& Long Br gen g 4s 1941
Cent Pacific bee So Pacific Co
Chas & Sav See Atl Coast Line
dies & Ohio g 6s ser A../il908
Price
»-2l
»2
•^oj
J-J
Q-J
Am Dock & Imp ga 58. .1921 J-J
Le<fe Hud B gen gug 5s 1920 J-J
Leh & Wilks B Coal 5s..l912 M-N
.c/1910 Q-M
Con ext guar 4*2S
Gold 6s
Alabama Cent
Am
pl945
2d pre) Income kBb
3il pref income g 5s
pl945
Div
48.1951
purmon g
Cliatl
Mac i$c Sot Div 1st g r<s.l940
Mid Ga & Atl Div 5s.... 1047
1946
Mobile Div lstg 5s
Cent of N J geu'l gold 5s. 1987
1
987
h
Begistered
i()'7' b
ne do Liar.
983s Mar'04
983s 983s
are pr ices o n the b asU 0/ $6 to X.
oi
A-O
J-J
J-J
J-J
l
.
l
Foreign Government
Suite Securities
Alabama class A 4 to 5
STOCK KXCHA.N'GE
wikk Ending April
Central ol Qa— (Continued)
X. V.
79, 34
•79*2
Sale
79 34
80 110
84:%J'ne'03
99 Deo'97
-75*9
80
Gas and Elotjtrtc lAaht
112% 113*2 Atlanta G L Co ls«ig'ftaI ».1947 1-D
113% Mar'04
5
112^4 1X4
114*2 114*2
Bklyn U Gas let
M-N 114-^
5 112%114*a
112*4114
114
1st 00a
ogp grjfe.1945
114 ..-J114
114 Mar'04
Mar'04 .... 1112*4
gJ5s.i945|M-Xl
wee*. .a'Dt&J-an a Due Apr e Due M*y s»Duej'ne /t.JUue'J'ly A^Due Ang oDue Oct pJDueNov iOation sale
'.-¥£&%,
'
Bond KeCOrd
1202
BONDS
[Vol. lxxviil
2
HOM)>
Range
WeeiCt
Price
—Continued—Page
Week's
Price
--W
Range
Thursday
Range or
Since
N. Y. STOCK EXCHANGE
Since
STOCK EXCHANGE 21 Thursday Range or
March 31
Last Sale 33 <? January 1
January 1
Last Sale
March 31
Week Ending April 1
Wkkk Enmso APRIL 1
High No Low Hioh
But
Ask Low
Bid
High No Lov) Migh Erie & Pitts See Penn Co
Ask Low
Chic A st e .s/e AtchT A 8a i>
116 Mar'04
Evans & T H 1st cons 68.1921 J-J 1164
116 116
Clue st L A N
See 111 Cent
1st general gold 5s
103 1034
l942 A-0 102 104 1034 1034
Clue st I. A Pitta See Penn Co
1 1304132
Mt Vernon 1st gold 6s.. 1923 A-O 112
112 J'ne'02
J-D 1303.1 1 32 4 1314 1314
Chic st r
A ood 6s..
Sull Co Branch 1st g 5s. 1030 A-O 100
93 Dee'O.i
Cong 8a reduced to 48. L980 J-D
Ev A lud 1st con gug lis. .1926 J-J 105
107 Dec '03
131 Feb'04
L304 131
CM si ! a Minn lsi e«8 L918 WIN 130 ...
L/argo A So See Ch M A St
Mar'04
129*4 129 34
r_o
Km Wisconsin 1st 6a. ..1930 J-.I
12134 r lint A Pere M See l'ere Mar
A-O
L21
1284 12 4
P<S a City 1st g6s... 11)1
82 a4 Fla C A Penm See Sea Air Line
78
80
11
SO
80 s* 80
Cblcago Ter Trana a 4s... 194 J.J
Fort St U D Co 1st g 44s. 1041 J-J
105 Mar'98
110 110
110 Mar'04
Chic A West Ind gen g 6s 01932 IJJ1 no^...,
FtW&DenC 1st g 6s. ...1921 J-D 105 4 106 1054 105 4
10234 105 4
Chic a WMloh Bet Pare Marq
Ft W & Rio Gr 1st g 4s... 1928 J-J
73
73 4
71
74
734
Choc o a- (.nit SM C B A P
/'alHarASA Se«SoPacCo
L044Dec'03
Ctn H A D cousol s 7s... 905 A-O 1043s
'00
*
*al
HAH ol 1882 1st 58.1913 A-0 1024 Sale 102 4 102 4
Oct
1013* 103 4
3
2d gold 4 4s
1937 J -J
Georgia & Ala See Sea A Line
113 Dec '03
Cm D A I 1st u g 6a.. .1941 M-N 112 4.
Ga Car & Nor See Sea A Line
C 1 tot L A C See C O C A St L
ijeorgia Pacific See So By
Cln S & C See C C C St L
(ilia VGA Nor See So Pac Co
CleanuM A .Mali St* B 11 A
95«
Gouv
101
Sale
101
& Oswegat See N Y Cent
1004
ClevCin C<ft st Lgeug4sl993 J-D
8 101
Grand Bap A Ind 6'eePenn BB
98>9 101
101 4 Oct '02
10. SO J-J
Cairo Div 1st gold La
98
Gray's Pt Term Se-e St L S \V
99
98 Eeb '04
98
Cln W A M Div 1st
J-J
99 34 102
Gt Nor— C B A Q coU tr 4s 1921 J-J
94 Sale
102
102
94 395 904 944
9S 34
St 1- Div 1st col tr g 4s. .1900 M-N 1014
N. Y.
,\l
:;
,
n
1'
,
'
'.»
-j
.
1
f
.
!
1
1
it
1
LT-1
W
C
\V VaJ
I
St
1st k 4s.
.l'.i
In
M-S
Div letg4a...l94o J-J
C cousol 0s..l920 M-N
L&
1st gold 4s
fcl936 6-1
Registered
tel9Sti
A CI con 1st g 5s. .1928
A Iconsol78
1914
Consol sink luml7s
1914
t'.s
iieneral cousol gold
l9o4
Begistered
L934
Ind Bl A
1st iirtl 48.1940
1st pt 58...<tl938
O lud *
PeoA East 1st con 4s... 1940
Income 4s
1990
•CI Lor A Wh con 1st g 58.1933
Clev A .Marietta .SeePeuu RH
ClevA .Mahou Val g 5s. ..1938
Cln S
CCC
.
W
W
91
J-D
J-D
J-J
J-J
A-0
Q-J
A-O
J-J
1014
1014
110 4 Mar'04
120 J'ly'03
U04U04
127
128
Mar'04
128" i28*"
130
ioi" ibs" i044Novv01
96 78 sale
96 4
64^8
117
1154.
116
Feb'04
60 4 Mar'04
85 4
Sale
J
/alias
A Waco
See Jl
KA
N
V Lack
A
W 1st 6s. ..1921
1023
Construction 6s
M-S
M-N
J-D
J-D
J-D
J-J
FA
109«
129
131
&6
2<* Jan '04
8
1294 F'eb'04
1314 Mar'04
11
1294.
1294
112
112
Term A Improve 4s
1923 M-N 1014.
Syr Biug A N Y Ist7s..l00i> A-O 110
Warren
1st ref
gu g 3 4s. 2000 F-A
A Hud 1st Pa Div 7s. 1917 M-S
Registered
1017 M-S
Alb A Sua 1st con gu 7s. 1900 A-0
fitegistered.
1900
<iuar gold 6s
1906
Registered
1900
iBeos ASaratoga I8t7s.l921
Registered
1921
Del Rrv Hit Bridge See Pa BB
Deny A K Grist con g4s. 1936
Consol gold 4 4s
1936
A-0
A-0
A-0
M-N
M-N
J-J
J-J
1294
Mar'04
1004 Jan
'04
1097, Feb'04
.
Del
Oct '98
140
.
102 Feb'03
13334 13334
149 Aug'01
i'osse!!"!! 108
Jan '04
122 J'ne'99
106 4
106 Mar'04
1113s Feb'02
1333*
1414.
143»4 Nov'02
140
1474J'ne'02
.
975s
97 s8
106 n8 May'03
97=8 Sale
improvement gold 5s. ..192k J-D
106
96 Hi Sale
BioGr West 1st g 4s.... 1930 J-J
82
Cousol and col trust 4s 1949 A-0
Utah Cent 1st gug 48 al917 A-0
90
Rio G r So gu See Klo Gr bo
Den A S West gen s g 5s 1929 J-D
Dee Moi A Ft D See C K A 1 1'
Des M A .Minn See Oh A N \\
Des Moi Un By 1st g 5s.. 1917 M-N
Det Al A Tol See L S A M So
Dot A Mack 1st lien g 48.1995 J-D
964.
Gold 4s
94
1995 J-D
Det Sou 1st g 4s
1051 J-D
Ohio Sou Div 1st g 4s. ..1941 M-S
79
80
DulA Irou Bango 1st 5s.. 1937 A-O 111 113
Registered
937 A-0
2d 6s
1016 J-J
Dui So Shore A All g 5s.. 1037 J-J 109 Hi
L'aslot Minn .VfCbtl'.Mit.M
J-Jasl Tcu Va A Ga See So By
Elgin Jol A East 1st g 5s. 1941 M-N 1144115
Kim Con A No See Leh A N V
IO434
85'
I
Mar'04
964
96
,
954 98
'8
4 Feb '04
6(>4
66
06
Mar'04
65
112
'1
©el hack A Western 7s... 1907
Morris A Essex lst7s... 1914
Jst cousol guar 7s
1915
*
Registered
1915
"1st ret gu g 3 4s
2000
105
105
1014 10 10041014
W
M
99
99
1104....
Apr
A O
Clev A Pitts Bee Penn Co
Col Midland 1st g 4s
194 J-J
Colorado A Sou 1st g 4s... 1929 FA
Col u in A Greenv See So By
Col A Hock Val See Hock Val
Col Conn A Term See N A
Conn A Pas Hivs 1st g 4s. 1943 A-0
See C
I \ak A Gt So
A St P
100
93
105
101 Hz sale
Q-F
J-J
09 Jan '04
102 Dec '02
04 4 A.ug'08
105 Jan '04
101
L990 M-N
Registered
SprAColDiv
85
97
Jan
'02
35
Jan
'04
60
Extended
11241124
1124
Erie lstextgold4s
2dext'gold6s
3d ext gold 44s
4th extguld5s
6th ext gold 4s
1928
1st consol gold 7s
1020
_st cousol g luud 7s
1920
Erie 1st cou g 4s prior.. 1000
Registered
L990
1st consol gen lieu g 4a.. 1996
Registered
1001.
Penn coll tr g 4s
1051
Bun -\ V A Erie 1st 7s. .1916
Bull A S
gold 6s
1908
Cine <ft Erie 1st gold 5s.. 1982
Jell BB 1st gug 6s
a 1909
Long Dock cousol g 6s. .1035
CoalA KB 1st cur gu 6s. 1922
Dock A Imp 1st cur 6s. .1913
N V A Green L gu g 58.1946
N Y Sua A 1st ref 58.1937
2d gold 44s
1937
General gold 6s
LB L0
1st
gold
Terminal
6a.. .1943
Begis $5,000 each. ..1943
Mid BBoIN J latgea.1910
W
M
Kan C & Pacilic See
Kan City Sou 1st gold
Wilk
A
Ea
1st
mid Blectiic
11041124
111
115
'04
115
Bullalo lias 1st g 5s
1047
A-O
1124U24
1104111
1144
114
Detroit City (iu g5s
1928 J-J
Det Uas Co con Lata 5a... 10 L8 F-A
Ed
El 111 Uku nee K Co E A
E IB Seeii VG A E
a
G LN V 1st con g 5s.. io;;_ M-S
Kg G A Fuel nee B Q A C Co
GaxA Eioc BergCoc g5s.
J-D
iii-n Electric deb % 3 4a, 10 u
A
<ir RapU LCo 1st g 6s... 101.' F A
1.
E<1
R*\
1. II
1940 J-J
1st gu g 5s. 1941 A-O
Begistered
1941
V Coal Co lstgu g 5s. 1933
Y 1st guar g 4a. .1045
Begistered
1 945
1st g 1st pf 6s. 1914
E1C
Gold guar 5s
1914
AN
AN
A Hud B ieeCentolNJ
A Wiikesb See Ceut of N J
Leroy A Caney Val See Mo P
4 984 Long Dock See
984 984 Long Island—
96
86 s4
8534
93 4
84
85 34
88 34
1174118 34
131
132
11341134
'04
111
4
111»8
10641084
65
65
97
A1931
A1931
1938
1922
1932
Uuilied gold 4a
1949
1st consol g 5s
1st consol gold 4s
'.i
96
97
J'ue'03
g 6a.. 194 ti M N
g 5a.. .1931 A c
loo, \ o
6a
Lai
LAP
Bl
Puicii
a money
Ed El li Hkn lstcon 94a lo.;:
i^(o on* i.oist L latg5a.«191!
.lillw.tiikee (ias L 1 81 La.. 1921
.
J
.1
1
ft
N
91
105
124
126
120
.
1194.
92
.
"85"4!
4
"ri
'01
LOSia!
Feb'04
10734 Dee'00
a
104 4 Mar'04
104
1104
110
i"i'i
88
l>3
106
SO
.
...
00
93 4
95
123 Mav'99
85 4 Mar'04
80
85 4
4 Oct '03
4 Oct '99
100 Nov'OO
3
106 4 106 34
106
Mav'01
Nov'98
Nov'03
II934 Mar'04
87 Jau'04
;
',
106 34
124
90
119
118
87
119 34
87
1024 Dec '03
102
Mar'02
101
1064
1064
106
9841014
119
98
121
106
107 4
101
llo
98 4
70
1104
il0 4
874
704 Sale
118
119
1124
1084
106
107
1024
3.
113
o°4
.
108 4.
J-J
M-S
M-S
A-O
A-O
Dec '02
Feb'04
Mar'04
ti8»8
106
99
101
lls^liooa
17
1104
97
100
109 4112
89
89
Feb'04
89
106
Nov'03
70
704
63
Oct '00
117
Mar'04
11 2
4 Mar'04
112
12
68
7038
Feb'04
1154119
4112 4
110
L114H2
110 4 Feb '02
106 Mar'04
105 Jau'04
113 58 J'ue'03
109 4 Oct '99
107 Jau'04
94 Dec '03
DH 3*
105
106
105
107
107
10034 Mar'04
101 Feb'04
100 Oct '00
100
101
1014
Feb '04
99
99 4
100
Mar'03
116 34ll8 34 118
Jan '03
100
1004
97
105
88'
88
Mar'04
934 lUy'03
106 4 100 4
89
S94
105 «
4119
"'
LOO
87'
'
4
Mar'03
Mar'02
4 Jan '02
4 Apr '02
115--8
1919
113
103
107
Sale
1040
10 lo
1154 116
11638
loo
Uuilied gold 4s
Begistered
112
99
100 34
'02
1931
1937
HA
1154H6
Jan
110 4Dec'03
Sale
99
084
100 Jan '02
....
110
114)
1144 113 Nov'03
Gold 5s
Coll trust gold 5s
Nash 1st g 6a
E
99
111
105
112
112
112
1911
I8t5s
98
i'0'9"
»9«a
iio"
on Next 1'nae.
D
N ew ark Coua Gas con g 5a 1048
D
N
68... 1948
Purohase money g 4s... 10 10 F A
Ed El 111 Istconvg6s..l010 M s
cousol gold 5s
.1
.1
1005
.1
90 4 sale
104
103
114
J
ffil
i'07'
90
3d guar gold tis
1st con gold Os
Rerun ding gold 5a
100
1
1943
1947
ChG-LA Cke Lai gug 5a 1937
CoofCM
Lai gng5a.'36
Con Q
Hi, (, ,v l-'i'h 1st gug 88.1906
Mu fuel Gaa Lstgu e 58.1947
Syracuse Lighting 1st g6s.'51
Trenton G A El 1st g 5s.. 10 10
M S
.1
J
J
D
.1
J
1044107
*1014 lOd
U N
105
D
Ml
6
4 j'ly'OS
101 4
100 4 Dec '03
123'j
12334
123 4
103
104 Feb'04
3
107 108 4 107 4 107 34
D
A u
J
J
50 107 10834
107
o:;<4
91 104 90
90 4
Mar'04
102 4
102 41054
114 Aug'03
Feb'04
1004102
101
100 Mar'04
100 100
107
101
VI
ill
103
91
101
LAP lstcoug5sio;;o F A 101
N Y A Bich Gas 1st g 58.1921 M N 07
PeoGasAC 1st gu g 6s.. 1004 N 1014
Nov'03
112
.
944
110
Debenture gold 5s
1934
Bklyn A Mont 1st gOs.. 1011
1st
111
102
Erie
General gold 4s
Ferry gold 44s
Gold Is
NfVAij
1.
103
M»y'02
1064 Mar'03
95 Feb'04
104'>8
A-O
VGELHAPg
3
1
BP
Ahi^i Co
974
Feb'04
106
Nov'03
Oct '01
103
102
103
Giu and Electric Majhl
Mnt F'nel Gas Co See Peop Gaa
1
I
Hndaon Co Gaa
97 4
Sale
99 4 Oct '03
94 Mar'03
99 4 Oct '03
Leh
13141354 Leh
1 1 »8
65
10334
103
101
lol
91
M-N
1st gug 448.1940 J-J
103 4 104
113 4113
70
100
A-O 112
Begistered
Jan '04
1134 Jau'04
60
82 4
J-J
J-J
Leh ValN Y
Leh
Leh
i.n:i.i
Ch O L A C Co nee f G A C Co
Con Uas Co nee P (i A (J Co
Oct '03
A-0
W
Erie A
1st g 5s.. 1937
2d gold 5a
1941
North Ohio 1st gu g 5a. .1945
L Sho & Mich S nee N Y Ceut
Lehigh Val (Pa) coll g 5a. 1097
HIX'KILAXKOIS BUNDS—Continued
<..i-
114
1134Mar'00
LAN
Lake
79 4 84
Mar'04
1084 1084 Mar'04
gug 5s
114
Kentucky Cent See
Keok & Des Mo i'eeCKI&P
KuoxviUe A Ohio See So By
93"b 94
102H. 104
1
J-J
J-J
J-J
J-J
1950 A-0
Begistered
HI
MEAT
3s. .1950
N YB<teMBlstcong53l93b
1027
N Y A R B 1st g5s
10841084
NorShBlst
con ggu5sol932
10941104
Louisv A Nashv gen g lis. L9S0
UIV
J'ne'03
M
113
1134
100
W
113 4Nov'03
108 4 Jan '04
110 4 Mar'04
99 Nov'03
100
1014.
1952 A-0
1952
112' 7
08^
A-O
1951 A-0
1051 M-S
1164
109
110
1034105 34
1054
Begistered
Cairo Bridge gold 4s
Leh VTer By
4 Jan
1054
104*8 105 «s
104
•
.
W
1034
J-J
J-J
LA
114 May'03
112*8
112 4 Mar'04
107 108>« 11034 heb'04
113
? 114
Mar'04
100
10l 78 J'ne'03
13034 1S2
1314 Mar'04
130 Aug'03
07-»4 Sale
97 34
97 a4
98 4 Jau'04
85 8 85 Hj 85
^5 4
85 34Feb'04
'..'."'.
89*4 8934
90
126
1254J'ne'03
104
1183e 117=8 118i 4
102
106 Aug'02
132 Hj
132 Mar'04
1947
1010
1923
1020
934
102
J-J
1953 M-N
88
1950 J-D
LouisviUeDiv gold34s.l053 J-J
Begistered
1953 J-J
Middle Divregos
1921 F-A
St Louis Div gold 3s
1951 J-J
Begistered
1951 J-J
Gold 34s
1051 J-J
Registered
112*8
1951
112'a
J-J
Spring Div 1st g 34s. ..1951 J-J
1294 129 4
Western Lines 1st g 48.. 1951 F-A
1303b1314
Begistered
1051 F-A
Bellev & Car 1st 6a
1923 J-D
Carb A Shaw 1st g 4s... 1932 M-S
127 1294
Chic St
11141144
N O g 5s... 1951 J-D
Begistered
1951 J-D
1004 1004
7
Gold 34s
1951 J-D
109 8 10978
Begistered
1951 J-D
Memph Div 1st g4s...l951 J-D
133 34 1374
Begistered
1951 J-D
St L Sou 1st gu g 4s.. ..1931 M-S
108 108
Ind Bl A West See C C C A St L
lud Dec &
1st g 5s
1935 J-J
106 106
1st guar gold 5s
1935 J-J
lud ILL <fe la 1st g 4s
1950 J-J
Int A Great Nor 1st g 6s. .1919 M-N
2d gold 5s
1909 M-S
9634 984
3d gold 4s
1921 M-S
Iowa Central 1st gold 5s.. 1938 J-D
Beluuding g 4s
,...1951 M-S
103 104, 34
Jellerson
BB See. Erie
94
97
S
834 854 Kal A A G B ace L S A
an A Mich See Tol A O C
K C Ft S A M nee St L A S F
K C & B A B See St L A S F
35
36
1124
Jan
90
103
102
A-0
LN O&Tex gold 4s.... 1953 M-N
634
89 4
56
84
Jau'04
115
g34s
Begistered
i
111
1st
1st gold 3s sterling
Coll Trust gold 4s
116
116
93 Dec ();;
94 Mar'04
75 4 All(t'03
794 Mar'04
.
W
4 Feb '04
103
91
Q-J
Han
65
Feb'01
111
Begistered./i
1921
Greenbrier By See Ches & O
Gull & S 1 1st ref & t g 5s 61952
A St Jo AeeCB&Q
ousatonic See N Y N H A H
Hock Val lstconsolg44s. 1909
Begistered
1999
Col A H V 1st ext g 4s.. 1948
Houst E &
Tex See So Pac
Houst & Tex Cen See So Pac Co
I llinois Central 1st g 4s.. 1051
1 Begistered
1051
1st gold 34s
1951
Begistered
1951
*
45 U834 124
104 104
"e 1064107 34
10i>4 Mar'04
101 Mar'04
104
101
105
105
105
1064
101
3
4
105
os
1034
109
Feb'01
,
* iia price Friday; latest bid and asked this week, a Due Jan
i
Due Feb
ri
Due Apr
e
Due
.May /vDueJ'ly
fc
Due Aug
o
Due Oct
q
Due Dec
s
Option sale
—
Apr.
Bond Record
2, 19(U.]
BONUS
STOCK EXCHANGE
N. Y.
W'KKK ENDING APRIL
Lotusv
<fe
LCln
O&
N
H
<fe
it
i.
Pric*
Week's
Thursday
Range or
March 31
I
125
115
109
MS
934
i
102 4
<fc
914 Sale
J-J
J-J
K-A
K-A
112
109
.
97 4.
Ch See (JUL
LNAA Coal
M8
See L S
1000
Registered
1908
Metropol El 1st g (is
Man S
Coloniz g 5s. ...1934
Y Cent
McK'pt & B V See
Metropolitan El See Man Ry
4s.
.1011
Mex Cent consol (told
1st consol income g 3a.al939
2d consol income g 3s..ol030
1017
Equip & coll gold 5a
1010
2d series gold 5s
Coiltr g44s 1st Ber....l907
1977
Internatlstcon
4s.
Mex
g
1977
Stamped guaranteed
Mex North 1st gold 6s. ...1910
Mich Cent See N Y Cent
Mid of J See Erie
See Chic &
Mil <& Mad See Chic <fc N
MO <fe North See Ch & St P
Minn & St L 1st gold 7s. .1027
1900
Iowa Ex 1st gold 7s
Pacific Ex lBtgold 6a... 1921
South West Ex 1st g 7s. 1010
1934
1st consol gold 5s
1st and refund gold 4s. .1940
Minn & St L gu See B C R & N
con g 4 int gu '3ft
<fc P 1st 5s stpd 4s int gu 1936
SS
<fc A 1st g 4 int gn 1926
Minn Un See St P
<SiM
Mo Kan<fe Tex 1st g 4s. ..1900
2d gold 4s
fflOOO
1044
1st ext gold 5s
St L Div 1st rut g 4s. ...2001
Dal & Wa 1st gu g 5s. ..1940
W
N
N
1
<8
Mftr'02
07*4
2g
92
Jan '04
Jan '04
Mar'03
974 Mar'04
115
115
115
116
10334 104
103?8 Dec '02
108°8 10834
13 102
A-O
108 34 Sale
J-J
05
13 4
7
J'ly
J'ly
MStPASSM
M
M M
&
8
65
14
64
13
914 974
M
ret gold 4s. .1929
G Div
1
st
74
7
FA
107*4 108 34
177
17
04*4
04*4
90=8 J'ly '01
M-S
M-S
J-D
1933
Verdi V 1 A
1st g 5s.l92P
lien
Mob& Birm prior
g 5s 1945
Mortgage gold 4s
1945
Mob J & K C 1st cons g5s.lo53
Mob <fc Ohio new gold 6s. .1027
1st extension gold 6s../il027
General gold 4s
1038
Montgom Div 1st g 5s. .1047
St L & Cairo coll g 4s..el930
Guaranteed g4s
1931
51 & O coll 4s
See Southern
W
71
1234
7
1634
91
97
J-D
J-D
A-O
J-D
M-N
M-S
*;
142
1114
1204
1154
'
114 78
96
1123a
120 4
U5
06
96
98
Apr'01
103
Nov'01
N Y&N
J-J
00 Sale
77 4 Sale
101 sale
82
J-T)
1
FA
99
77 4
100*4
82
102
86
96 4100
100
78
101
82
75 4 81
Jan '04
86
Mar'04
88
108
111 Mar'04
100 4 Sale 100
100 4
1034 103 Mar'04
108 100=8 1073s Mar'04
Sale
121)
105 4 Sale
88
Sale
91*4
7
;
103 34 107 4
91 78 93
105*4
02*4
May'01
100
J-J
'J
:
105*4....
105*4
91*a »2»4 02 »4
lol«8
110 113
114 78 Sale
08 4101
80
82
102
86
883,
108 111
99 IOI34
100 103
102
107 «8 1073e
120 125 118 «8l20
1054 17 104 107
120
105
1014 1014
100 4 Mar'04
1014
1094100 4
3
111 8 1154
101
114 7
114 4
s
100 34 Oct '03
87*4
88
91
Mar'04
14
84
88
91
91*
'
.
J-D
1244
Q-J
120
130
94
M-S
F-A
111
Q-F
87
92
11141114
1114 Mar'04
01 Feb '04
,
123 3
4
93
114
92
114
Dec'03
Jan '04
Jan '04
Jan '04
91
130
04
114
91
130
04
114
88 4 Mar'04
98 4Nov'03
122*4
.
...
1124 115*4
Nash Flor & Shef See L & N
Nat of Mex prior lien 4 "as. 1026 J-J 1014
1st consol 4s
1051 A-O
75
76
New H & D See N Y N H & H
N J June RR See N Y Cent
New & Cin Bdge See I'emi Co
N O <fc N E prior lien g 6s #1915 A-O 1104
N Y Bkln & Man Bch See L I
Riv g 3 4s. 1007 J-J
1007 J-J
..1884-1004
1884-1004
of... 1880 -1004
Debenture g4s
1800-1005
Registered
1800-1 005
Debt certs ext g 4s
1005
Registered
1005
Lake Shore coll g 34s... loos
Registered
loos
Mich Cent coll g34s
1008
Registered
1998
Beech Creek 1st gu g 4s. 1036
Registered
1036
2d gu gold 5s
1036
Beech Cr Ext 1st g 3 4s bl'Jbl
of.
1906
PocahC& CJoint4s..l941
CC&Tlstgug5s
1922
Scio V & N E 1st gu g 4s 1089
North Illinois See Chi & N
North Ohio See L Erie &
Nor Pac Prior lien g 4s.. 1997
Registered
1997
General lien gold 3s
«2047
Registered
J....a2047
St Paul-Dul Div g 4s.... 1096
Registered
1996
Registered
M-S
MS
M-S
J-D
J-D
M-N
1234
115
113
116
111
101
76
974 98
l<)0=6 Sale
100^ sale
100 4 Sale
100 34
101
1234
120
112
Mar'04
Dec '00
09 4 Sale
118
118
4
114
Feb'02
121
130
Nov'03
Jan '03
11)6*4
98
984 994
18
118
116
112*4 Jan '04
1003a
118 B8
118
122
127
1034107
110 tec '01
1064Nov'0()
Jan
I
'04
12*4
1
12'4
122
122
07
97
J'ne'02
07
10
97
97
J-D
100 Sep '03
M-N
M-N
1154....
1154 Mar'04
A-O
A-O 117' 8 1184 117*4 117*4
1154H5 4
U74H74
113 34 Jan '02
F-A
M-N
M-N
104
1044
Sale
101
124
100
73
A-O
J-D
J-J
M-N
.
:,
F-A
F-A
F-A
J-J
J-J
J-J
854
88 34
863e
86J4
8634
87
86 34
Sale
102
112
Sale
102
1004
'03
10041034
101
Dec '03
100
11134 1U34
130 Aug'03
127 Nov'03
1284 129
98=
08 4
1034
1014
103"8 Sale
Q-F
Q-F
J-D
J-D
71
3
4
Sale
00
07'4
His*
111
1284129
964 00
28
87
4
0034
99*4 ibo*4
103 34
1014*033i
102'-;
101
1024
70*4
73
70*4 Feb'04
68 34
'04
97=8
70*4
97=8
713s
60
07=8
& Q coll tr 4s Sec Gt Nor
P & N P gen g 6s.. ..1923 F-A 1204.
Registered cerfitic's..l023
St Paul & Dul 1st 5s. ...1031
2d 5s
1017
1st consol gold 4s
L968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 0S..1033
Nor Ry Cal See So Pac
Q-F
F-A
Q-M
08
1 07 *4
06 4.
82
J-J
1124.
A-O
J-D
72
-'aii
1
122*4 Mar'04
132 J'lv'00
112*4 J'ly '03
108*4 Jan 'Oi
.
.
064 Nov'03
944 Fel> '02
112 4 112 4
.
122*4 122*4
107 34 108*4
ilfil'i"
114 4 May'03
108 4 J'ly '02
Un Pac
Un Pac
ac of Missouri See Mo Pac
1st s fund g44s.. 1917
Sink fund subsidy g 6s.. 10 10
Penn Co— Guar 1st g 44s. 1921
Registered
1921
101
76 34
A-O
M-N
101
J-J
J-J
108=8 Sale
W
01 Jan*03
10578 105 7s
105^4
Sep
101
96 4 Sep '03
"35" Sale
8038
90
104
107 4 J'ly '01
100 100 4 100*4 100 '4
Q-J *102
Guar 34s coll trust reg.1937 M-S
Guar 3 4s coll tr ser B...1041
Tr Co certif's gug 3 48.1916 M-N
C St L & P 1st con g 58.1032 A-O
Registered
1932 A-O
CI & Pgen gug 4 4s ser A. '42 J-J
9634 ggag
Series B
1942 A-O
08
Scries C 34s
1948 M-N
08
Series D34s
100 1023a
1950 F-A
100 34 100 34
Erie & Pitts gu g 34s B.1040 J-J
Series C
10041004
....1040 J-J
N<fe C Bdge gen gu g 4 4s 1045 J-J
100 100 58
PCC&StLgu4 4sA...1040 A-O
Series B guar
1042 A-O
1004100's
Series C guar
1942 M-N
Series D 4s guar
86
00
194 M-N
Series E 3 4 guar g
1949 F-A
86
874
85*4 00
Pitts Ft
& C 1st 7s. ..1912 J-J
2d7s
1912 J-J
3d 7s
104 105 78
A1912 A-O
Penn RR 1st real est g4s.l923 M-N
102 102
97 7e
97 78
98 Jan '04
100 4 10(J58
10()34
100 4
100 4 1004
100=8 Mar'04
00 Dec '02
100 4 Mar'04
88
101
C B
Panama
Feb'04
75
88 34 Sale
104
104 34
101
104
103
.
106*4 May'03
.
W
Dec'99
F-A
Feb'04
H)4 3
101
13134 Apr'03
101 «8
100«6
Oswego & Rome See NYC
1234 O C V & St P See C & N
115
1946 J-D 108 4 Sale 1064
Pac Coast Co 1st g5s
J'ly '02
004Nov'O2
M-N'
102
105
1084
64 105
1084
102
102
108
Apr'03
Apr'O
10S=8
108
109
1074 108
1084
106*4
1084
102
Nbv'98
92
96
03
02*4
Dec '03
95 78 Mar'04
118 Dec '03
118*4
113
114
05
93
95 78
96
96
103*4 Aug'03
96
102
Jan '04
Nov'00
96
110
Mar'04
Mar'04
100 34
110
1164 Feb '01
100 34
80 4.
120 4.
101
117
105
130
105
.
4 Jan '04
92 Feb'04
127 =8 Oct '02
121 Mar'04
1004110
1114
1014101
01
92
121
121
'u
Apr'01
1074
10441074
Consol sterling g 6s
1905 J-J
Con currency 6s reg...(7l905 Q-M
A-O
J-J
55 Nov'00
105 Mar'04
06 34
07
M-N 105
F-A
F-A
97
74
71
Sale
Sale
A-O
J-D 102 4.
1926 J-D 1024.
1st s f g5s.l951 J-J
Pleas Val Coal 1st g s f 5s. 1928 J-J
Rochc&PitCfe I pur os. 1946 M-N
m
Tenn Coal gen 5s
1951
Tenn Div 1st g 6s
al017
Birm Div 1st consol 6s.. 1017
Cah C M Co 1st gu g 6s. 1922
J-J
A-O 103
J-J
103
J-D
DeBarC& I Co gu g 6s. 1910 F-A
Va Iron Coal C 1st g 5s 1949 M-S
101
<fe
•No price Friday;
L09
084
09% Dec M
004
99
1014
l'-'5
108
107
99
l*a«e
Telejmipli nnd Telephone
F&
Wh LE& PCColstgSs
H'7 4
107
M-N
WW Q-J
—
Coal and Iron
Col C & I Dev Co gu g 58.1909
Col Fuel Co gen gold 6s... 1910
Col
1 Co gen s t g 5s. .1043
Convertible deb g os
1011
Trust Coctfs
Gr Riv Coal & C 1st g 6s.. 1919
Jeff & Clear C& 1 1st g 5s. 1926
2d gold os
Bale
107 107
98 4 Sale
<fe
lUISCEM-ANEOUSi BONUS—Continued on Next
Kan & H C & C
J-J
J-J
1905 J-J
1005 J-J
1st 7s
Ore RR & Nav See
Ore Short Line See
W
Registered
Regist deb 5s
108
A-O
A-O
1st g
1936 J-D
General gold 5s
1937 A-O
Ore & Cal See So Pac Co
I
Debenture 5s
1074.!
Oct >02
105
1064 Nov'01
& W See CCC&StL
OInd
lno River RR
5s.
<fc
Registered
104
Nor Wis See C St P II & O
884 384 Nor & Mont See N Y Cent
YC& H
Monongahela Riv See B & O
M
Mont Cent See St P M
Morgan's La & T See S P Co
Morris <fc Essex See Del L &
^f ash Chat & St L 1st 7s. 101 J-J
1st consol gold 5s
1028 A-O
Jasper Branch 1st g 6s. .1023
McM M \V & Ai 1st 6s.. 1017
T & P Branch 1st 6s. ...1017
1
Jliyli.
l.d IV
<fe
St
M-S
Mohawk & Mai SeeN
N Y Cent & H
103
N Y & North See N Y C & H
N Y O & W ref 1st g 4s.. ^1992 M-S 1004101
Regis $5,000 only
^1992 M-S
N Y & Put See N Y C H
N Y & R B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pac Co
Nor& South 1st g 5s
1941 M-N 11034 1124
Norf & West gen g 6s
1031 M-N 127 ...,
Improvem't
extg6s..l934 F-A 123 126 4
New River 1st g 6s
1932 A-O 120 Sale
N & W Ry 1st con g 4s. 1006 A-O 084 09
M-N
llo*4
87
E
1st 6s
J-J
J-J
F-A
UticaA Blk Rivgug4s.l922 J-J 104
A-O 1 04 34
A-O *101
N Y Chic & St L 1st g 4s. 1037
Registered
1937
N Y & Green w Lake See Erie
N Y & Har See N Y C & Hnd
N Y Lack & W See D L & W
N Y L E & W See Erie
N Y & Long Br See Cent of N J
120 4120 4 N Y & N E See N Y N H & H
New York New Hav & Hart
Housatonic R con g 5s. .1937
11441154
N H & Derby con g 5s.. 191
96
98
Dec '03
Dec *03
Feb '04
121
Jan '02
114 4Feb'04
144
J-J
J-J
J-J
J-J
High No
January
1951 M-S
1952
Bat C&Stur 1st gug 3s. 1080
N Y & Harlem g 3 4s... 2000
2000
Registered
N Y<fc North 1st g 5a. ..1927
022
W<fc
O
con
1st
ext
5s.
ftl
R
Oswe<fe R 2d gu g5s...el01
3
4
<
95 " Apr'O'i
M-S
1940 J^
1940 J-J
lstg34s
64
Since
^
J -I)
1031 M-S
1981
Registered
4s
Registered
J Lcfe S 1st g 34s
Kami?
Lust Sale
Ask Low
Bid
263
RW&OTRlstgug5s.l01H M-N
May'00
105
g 4s.. 1 933 M-N
registered
104
5s
6
March 31
J-D
J-D
M-S
F-A
KaA*GRlstguc5s.lo::s J-J
Mahon C'l RR 1st 68.. 1934 J-J
Pitts McK & Y 1st gu 6s. 1032 J-J
1034 J-J
2d guar 6s
McKees&B Vlstg6sl018 J-J
consol
Mich Cent 1st
6s. 1000 M-S
A-O
A-O
M-N
A-O
M-N
KanC& Pac 1st g 4s... 1000 F-A
Mo K<fc E 1st gug 5s... 1042 A-O
M K&Tof T 1st gug5s. 1042 .M-S
Slier Sh & So 1st gu g 5s. 1943 J-D
1906 M-N
Missouri Pacific 3d 7s
1920 M-N
1st consol gold 6s
Trust gold 5s stamped. al917 M-S
Registered
al917 M-S
1920 F-A
1st coll gold 5s
Cent Br Ry 1st gu g 48.1010 F-A
Leroy & C V A I, ist g 5s 1926 J-J
Pac R of Mo 1st ex g 4s. 1938 F-A
2d extended gold os... 1938 J-J
St L Ir M& Sgen con g 5sl031 A-O
Gen con stamp gtd g 5s 1031 A-O
,
NY*
Dec '03
W
M
Unified
Sale
Sale
Week's
Range or
i
Gouv.fe Os we lstgn g&B 1942
Mood Mai 1st gug 4s.. 1991
N J June It gn 1st 4b.. .1986
Pu 1st con gug Is 1993
Nor cV Mont 1st gu g 68.191 6
West Shore 1st 4s gu...23C.l
Registered
2861
Lake Shore gold 34s- ...1007
Registered
1007
1028
Debenture g 4s
Det Mon & Tol 1st 7s. 1006
J-D
J-J
Price
Thursday
1st gn g4s...l981 J-D
Clear! Bit Coal 1st s 4s. 1940 J-J
08
89
1
H R—(Continued)
<fc
Cart* Ad
110" il»"
Mar'04
75 J'ne'02
113 Nov'99
97 34 Jan '04
107 4 J'iie'03
91
914
N Y Cent
"i 12334 124
NW
MULSAW
<fe
January
3
STOCK EXCHANGE
Week Ending Aprix 1
<fc
anhattan Ry consol 4s. 1000 A-O 1034104
.
:
111
115
115
110
.
1144.
FA
A-O
Bdge Co gu g 4s. .1045 M-S
Mahon
U0
no
111
105'., ....
1
L& X-South M Joint Is. 1052
1952
Registered
N b'liicfc 8 1st gu g 68.. .1937
Pens A Atllst gug 68..1921
S <fc N Ala con pa g 68. .1938
1010
Sink fund gold 6a
125
126
L22 84 Aug'03
....
....
119*8.—
l!' s0 M-S
2d gold 3a
Hender Bdge 1 81 s g 68.1931 MS
Kentucky Cent gold 48.. 1 98 J-J
M 1st g 4 4a 1945 M-S
L<fc N & Id
Riv
Last Sale
'
N. Y.
Since
=5*
4
BONDS
Mange
2"=
Bid
Ask Low
High No Low JJigh
Nushv
Lex gold 44s. -.1931 M-N 1044.... 108 '4 Jan '03
1st gold 6a.. ..1930 J-J
1^3(1 J -J
o
2d gold 6a
Pensacola Div gold 6b.. .1920
1921 M-S
St L Div 1st gold 6s
LA Jetl
—Continued— Page
(Continued)
M
&M
—8
4
3
103
71
1910 J-J
latest bid
and asked
this
74
70
115
107
74
71
J'ne'02
Am Telep & Tel coll tr 4s 1020
105
05*4 99
69
794
73 4
70
105
13
10
14
May'07
1024 Oct '03
106*4 Feb '02
105
Oct '00
91
J'ly '03
104 Mar'04
101 4 Jan '04
102 Dec '03
102 4 Mar'04
71 Mar'04
32 Jan '00
week,
a Due Jan
J-J
Cable Co 1st g 4s. .2397 Q-J
Registered
2397
Erie T & T col tr g s 1 5s.. 1926
MetT&T lstsf g5s
1918 M-N
Comm
h
111V
MutUnTelCo SeeWestnUn
N Y & N J Tel gen g 5s. .1920 M-N 1074.
No VVestn Teleg See West Un
West Union col tr cur 5s. 1938 J-J
Fit and real est g 4 4s... 1950 M-N
Mut Un Tel s fund 6s. ..1911 M-N
North w Tel guf 4 4s g.. 1934 J-J
102
104
1014103
1004104
674 73
b
Due Feb
96 4 Apr '03
100 4 Apr '02
1004 Oct '00
109 Oct '99
110 34 Nov'03
85
Manufacturing
102
Feb'04
95
77
Mar'04
82
77
Mar'04
& Industrial
Am Cot Oil ext 44s
1915
Am. Hide <& L 1st s fg6s.. 1910
Am Spirits Mfg 1st g6s..l915
Am Thread 1st col tr 4s... 1919
e
105*4 J'ly '03
107*4 1074 1074 107 4
103=8 Sale 1033s 103=8
1074J'ne'()3
1054
Due May jDu'ej'ne h Due
Q-F
It-
S
95
78
,
Salo
M-S
82*8 87
J-J
80
J'ly
75
p Due Nov
a
78
77
Option
sale.
1074
6 106
36 1014104
102
102
95
97
70
82
74
77
814
—
S
j
11
1
.
Bond Record
1264
BONDS
STOCK EXCHANGE ^
Wekk ENDUra APKIb
~
N. Y.
1
Weeks
Range
Range or
bince
March 31
Last bate
January 1
MS
Low
Sun
Lewis 1st
ifc
UHJ
"'.:Y
g 4a.. .193(3
KK & Can gen 48.1944
Pensacola A Atl See i, it Nasli
Peo <fc East bee C C C it St L
Peo<t Pek Un lstgbs.... 1921
2d gold 4*28
61921
Pere Maru— Uli
6e 92
ilintcfc
8 (is
1920
l»t consol gold 5s
1939
Pt Huron Div 1st g 68.1939
SagTnsa ii Latgug 48.1931
Pliila& Keadiug cons 7s. 191
Pine Creek reg guar 6s.. .1982
Pitts Cin Ac St L See Pen n Co
Pn ts Cleve Ac Tol bee R Ac O
Pitts Ft
Ac Cll bee Peiin Co
JtWM
PM
1
I
1
.
lu7H.
June
Ac
L
1st gold
lis
lt»2'2
Q-F
M-N
J-D
A-O
M-N
A-O
F-A
121
'•.
10"
121
110
110
'„
109
J.I)
J.J
B K
U4"8
9b a4 Sale
I
i
'
I
i
:,
94
94 Hi
Dec '03
lIIHi 105
03
63 H2
63^
92 Mar'03
Hi.
1940
J
RutvCauadlst gu g4*28. L949
J
Tus Ac H bee Pero i\lar(]
Sag
t Jo & G-r l8l 1st g 4s. ..194'
J
St Law Ac Ailirou lstg 5s. 199b'
J
2d gold (is
199b A-O
L&
Cairo See Mob Ac Ohio
St L <fc iron Mount See
P
bee Wabash
St L
Br bee T KK A of St L
St L Ac S Fran 2d g bs CI B 190b
2d gold bs Class C
1906
General gold bs
1931
General gold 5s
1931
St D Ac S F KK cons g 4s. ."Jb
Southw Div 1st g&S. .1947
Refunding g -Is
1951
K C Ft B Ac cong 68.1192k
K C Ft S <& Ky ref g 4s 193b
lilstgu 58.1929
St Louis So bee Illinois Cent
St L S
1st g 4s bd cite. 1989
'-'"1
g 4s inc bond ctXs...yl989
Consol gold 4s
1932
Gray'sPtTerlstgugos 1947
St Paul <fe Uul bee Nor Pacific
st Paul
<fe Man 2d 6s.. .1909
1st consol goldbs
1933
Registered
1933
Reduced to gold 4 1aS..1933
Registered.
1933
Dakota ext gold bs
1910
Mont ext 1st gold 4s
1937
Registered
1937
E
1st div lstg 5s. .190S
Nor Div 1st gold 4s
194s
63
63 Hi
Hi
lOl^Nov'Ol
M
M
M
KC&MR&
W
M
Mum
Minn Union
1st g bs
19*22
MontC lstgugbs
1937
Registered.
1937
1st guar gold 6s
1937
WU1& S F 1st gold 5s. .193S
St P Ac .Nor Pae bee Xor Pao
JI-N
105H.
1051s.
105 Feb '04
104 H2 Dec '03
104H2 105
M-N
J-J
J-J
J-J
12 3
1223.1
Mar'04
HOHi 110 Hi
122 34 124H;
4 110
111
Hi
.
110 Hi.
100
100
81 l4
82 Hj 51 79 Hi
119 Hi Feb '01
119 'a
80 4
8O 3 104 78
A-O
J-J
M-K
A-O
A-O
Dec '03
Jan '04
9<S
82 4 Salp
119H2
80 34 Sale
103
J-J
J-D
J-D
78
47
72-g 205
~8
71
25
131
140
130
M-N
J-D
J-D
A-O
A-O
111 1*.
lol 1
103 n8
.
May'02
107^ Mar'oi
116H3Apr'01
11078 1107J,
W
l
1
/.
,
W
Ac
T 1st g 6s. B33
1st guar 5s red..,
L933
I
M-.N
1IM
M-N
M-N
105
'04
Jan
'04
>
\
9
8
90
100
1
50-yi
g 4s
1
!'.'<
1
106]
Dud
11 Sec Cor con v 1st
g 6».'U"i
jusiiiiot Amerooll tr 1 08.191
ill Steel Co del. 5s
i;ili,
on -co 11 v de be n 6a
1)018
lin I'.ipei !o lsi con t; 6
Uil si I'uiiip lo-yr coiiv. 68 '13
Knlcker [ce (ClUo) ]
Laokaw Steel lsi g &a
1923
X
1
I
Stan HQpocfc
T
1st g bs..
.
Income gold Ah
V 8 Learth Co sldob gbs..
.
I'll
J-J
loo
in
96
U
'
s steel Corp
Reglrftered
•No
col tr 2d
9 Hi 1 -A
Ibli
1
191;;
A)inl
ii"-i?
M N
.
L9ti
ii"
90
I
Sale
,
•iHaU'
A^O
itarcliMfgColatatta 1920 M-.\
iNal 81
deb 5s. .1 B26 J-J
s
100
76
105
L06
100
80 a4
106 Hi
119
31 107
'Hi
79
H,
Mar'04
107
Hz
102 Oct '03
10b Hi May'03
H934 Feb '03
Xov'03
Feb '04
117
117
108
109 =-4 Sale
108
10s
119
109
108
inoi„
101
Mar'04
108
119
109 H*
10834
Feb '04
HlHiOct '02
101
101
103
103
114
110
95 '4
109io
103 Jan '04
113 l4
113
110 Feb '04
92»4 93
Mar'04
105
113 Dec '03
94 Sale
94
94
120 Mar'01
*109Hi
91 H, 9 13s Mar'04
Sale
46 111
108
93
93Ha 95
"92"
91*4
Oct '03
116
114Hz
113
118
113 Mar'04
H8 l4
II8H1 118=4
108
121
110HiFeb'04
122 Mar'04
120 Jan '01
114H; 115
123
121
114Hj
104 Hz.
110 Hi.
106 Hs.
.
.
113 Hs.
J-J
122
94
J-D
.
117
.
104 Hz Sep '02
113*4
11 7*21183.4
HOHzllOHi
118 34 122
120 120
114 115
108 Hz Dec '03
92 Sep '02
105*8 105H123 Feb'02
112 Feb'03
115 Jan '03
11034 Mar'04
11034 Mar'04
93 Dec '03
113 Mar'04
109
J-J
113
103Hz 105*e
110 112
110 34 11034
112Hzll4*4
J'ly'00
1894-1944 F-A
111
IIS 3*
IO714 J'ly'03
.
U2HiFeb'04
2000 J-D
?2000 Mar
LaDivBL lstg 5s
1931 r-J
WMinW&XWlatgu5s'30 F-A
Tolc&OC lstg
Western Div
1935 J-J
5s
1st g 5s. ..1935
100
11634 Sale
85
90
108
112
Hi
A-O 107
193.3
J-D
gold 4s. ...1917
Tol St L Ac
pr lien g 3 His. 1925
50-year gold 4s
1950
Tor Ham Ac Bull 1st g 4s./il94b
J-J
J-J
M 1st gug 4s. ...1990 A-O
Kan<fc
TolP& Wist
A-O
J-D
112*4 115 78
110
110
Sep 'OS
HOHi 117
90 Mar'04
110
110
20 115
117
93
100
85
108 Feb '04
10K Hz Mar'04
113
113
111 Sep '03
1053
105 Hi
4 Jan '04
93H; 92 Mar'04
86
87 7P 8b Mar'04
83
83
83
3
69 4 70Hi 6934
b9 34
9334
98 Apr '03
108 "
106 14 Feb '04
103 b Sale 103 58 103 76
104 Mar'04
98 34 Sale
973,
98 34
9b a4 Jan '04
108 110> 4
101 106 H.
112*4 113
IO534 10534
91*a 92 Hs
ss
86
81
83*a
7234
69
106*4 106 Hi
68 100 34 10378
100% 104
135S
94 Hz 9> 4
:,
B6 84
06*4
1013s Sale 101*4 1013g 17 B8H1
121 Hi
120*4
122 Mar'04
114 114 Hi 11334 113-H *6 111
s
94 38 Sale
3S0
903,
94
94 8
109
112 Dec'03
114HzApr'02
1013s
124
113*4
963s
H.
10 102
105
Hi
1031s
105 Hi
s td g 5s..
101 103 >o
116 116H:
106
98
61 l4 Sale
M-S
1921
104 Feb 01
100 Hz
116
11 6*4 48 114H;
106 Hz Mar '04
lOli'4
101 Hi Apr 03
321 67*""
bl
6
Jan 04
10-'
Mai '04
lOSHz 107
',^0
h eb '0;
95
"so"" 83 \ 8H4 Mar '04
98 Mar OL
1.09 Hi
Mar
Ub'4
"'is"
102
107
90
102
108
St Chas Bridge 1st g bs. 1908 A-O
104
109*2
lOti'4
90
79 78 81*4
03
Warren
Jan '03
192
99 78 100
89
89 H>
H7 Jan '01
99
08.
99'.,
Mar'03
84 Hi
S4\>
i'lOHJ
102
si"
6
"s5HJ
Feb'03
100 i.j 102
M).V'„ 107
106
105Hj
i
:,
v,
:!
.j
Mar'04
98
lo.")
100
87»9 90
85*4 s7
97
88
97 U 101\
97
Mar'04
r
bac'03
106
103
Nov'03
bee Del Lac Ac West
Wash Cent bee Xor Pac
Wash O *
See Southern
Pa lstg 5a. .1937
WestN
G&u gold 3-4s
_
1943
Income 5s
*
41943
West Xo Car See South ky
Weal Shore See X Y Cent
Va Cent cfc P 1st g bs. .1911
Wheel's* L E 1st g 5a.. .1926
Wheel Div 1st gold 5S..1928
Kxteii & Imp gold 5s... 1930
si consul J.s
1949
\\ tikes Ac East
4>«aErie
Wil
& II
SlOBX F See St P
Winona & st p See tf Ac N
Wis Cent 50-vr 1st gen 4s. 1949
W
Y&
W
1
M
.(.-
w
5*4 Feb ']'
9_5 7eOct '03
J-J
114*8
A-O
Nov
30
40
Mar'01
J-J
109
112 112
114 Hi 112
Dec'03
A-O
J-J
F-A
107
105
1
I
1
Feb '11
lli'l,
109
110
M-S
8?3b Sale
SO
Hz
J-J
89-'o
90
89
Hi
Nov'OS
Mar'03
115
115U
112
114
80"
S7>
vi.~
.
•
20
SS*i- 90
BONDS—Concluded.
AliacttllaneoiiM
J-J
J-J
FA
Jan
107 Hi Mar'tu
101 7b Dec '03
,
.
.
1st lien equip
Jan
105
F-A
F-A
A-O'
7
M-S
M-S 108
M-N lllHi.
M-N IIII4
92
F-A
L M Bge Ter gu g 5a. 1930 A-O
Tex & X O See So Pac Co
Tex & Pac E Div 1st g 6s .1905 M-S
&
'ousol 'i obaci
i.n red
1
130H>
W
i»USCLLI.ANE(KJsi
Manulnctutiug
InduMrial
Bar Ac S Car Co 1st g bs. ..19 12 J-Jl
Jan '04
,
101
113
J-J
J-J
J-J
FA
70
97
130
A-O
Det&Ch Ext lstg 5s.. 1941 J-J
DesMoin Div 1st g 4s.. 1939 J-J
Om Di»v lstg 3 His
lyll A-O
Tol A Oh Div Isfg4s...l941 M-S
Jan
70
lo.'i'j
10:
J-J
J-J
J-J
J-J
lOb'iFeb'l)
103
108 V
105 Hi Feb '01
lll' 4 Mi»y'03
Hi
Apr'97
Mar'04
113 34Dec'01
102U-
M-S
Oct 1)3
Sep 00
Apr'02
Mar'03
112
113
90Hz 93
SeeMK&T
W
lio^m
May'01
Aug'03
110
J-J
132
107 Hi 10838
IOH4
101
10b
104
114
117
J-D
J-J
J-J
J-J
J'ly'03
101','-
M-S
Ulster<feDellstcon g5s 1928 J-D
n Pac RR & 1 gr g 4a. .1947 J-J
100 101 Hi
Registered
1947 J-J
1911 M-N
1st lien convert 4s
Registered
1911 M-N
Ore Ry & Xav con g 4s. 1940 J-D
Ore Short Line lstgbs. .192'/ F-A
194(i J-J
1st consol g 5s
4s <fe participating
1927
IUH1IUH2
Utah Ac Xor 1st 7s
1908 J-J
117 117
Gold 5s
1926 J-J
Uni N J KB Ac C Co bee Pa RR
Utah Central See Rio Gr Wes
Utah <fc North bee Un Pacific
110 110
Utica & Black R See N Y Cent
er Val Ind Ac
See Mo P
\J
V lrginia Mid See South Rv
Va Ac Southw't 1st gu 5s. 2003 J-J
1939 M-N
05
70H? Wabash 1st gold 5s
2d gold 5s
1939 F-A
96
98 H2
Debentuue series A
1939 J-J
Series B
1939 J-J
128
134
115
J-J
J-J
J-J
J-J
'
lions K
72 Ha 78 H2
70
74 s8
J-J
J-J
J-J
J-J
108
F-A
± er A of St L 1st g 4H2S..1939 A-O
94 H2
IIOH2HOH1
1
Yc.t.N lBtgugSa.1924
80?8
110HjFeb'04
Seaboard
g 4s...l95u A-O
70 Sale
Coll tr refund g 5s
191 M-N
97' 8
Car Cent 1st con g 4s. ..1949 J-J
8978
FlaCendfc Pen Istg5s.l91s J-J 103
1st land gr extg 6s... 1930 J-J
102
Consol gold 5s
1943 J-J 102
Ga Ac Ala By 1st con 5s ol'9
J-J
.103
Ga < !u <fc X o 1st gu g 5s 1929 J-J 107
Seab Ac Koa 1st 5s
1926 J-J
Slier Slir Ac So bee M K Ac T
Sil Sp Uca Ac G bee Atl Coast L
Sod Bay Ac So 1st g 6s
192 1 J-J *101
So Car Ac Ga bee Southern
So Pac Co— CoU tr g4His..l905
99»< 100
Gold 4s (CenH'ac coll)./, L949
89 4 Sale
Kegistered
fel949
v
1st gug5a
A Ac X
1941
90 100
Cent Pac 1st ref gu g
F-A
B881 99 H
Registered
l''-A
Moit guar gold 3 'vs..
J-D
"si
Registered
J-D
Gal Uardl 8 A lstg Us.. 19 H) F-A i'o'ri^i-os"'
2d gold 7s..:
L90B J-D 103
Men Ac Pac Lstg 5a
193] Nl-N in,; 107
i.iia
PebocfeN
1st con gold 5a
A-O llOSg
131
J-J
J-J
102
113
100
Sale
St
119Hl
92*4
RR
General gold 5s
W
Ac
Penn
See
1st gold 5s
»4%
94
78
943a Sale
78 Sale
7 2 58 Sale
S
&KK bee Nor
Air Bine
& Lew
110
112
SyraBing&NY SeeDL&W
2d gold inc 5s
M-N
StP&S'xCity A'eeCSlPM&u
Lake C 1st g s f bs... 1913
S Fe Pres <fc Ph lstg 6s... 194'.
aciolo Val
100
84
.
Salt
A «& A P bet So Pac Co
Sl'AiN P 1st sink f g 5s. 1919
Sa v F & West See Atl Coast L
Sunb
Range
No Low High,
113 Mar'04
98 Mar'04
1 27 Hz Feb '02
130
ISO
122 S<u '"-•
133
106*4
lob'4
102»4
103»«
103 Hi
M-N
M-!-
W
Hi
Hi
79
a-o
A-O
A-O
A-O
A-O
M-N
C 6S...1916
W
Loir
Hiult
111*4 Mar'04
99
107
J-J
J-J
J-J
J-J
J-J
A-O
M-N
M-N
ser
30
11 J
]
A-O
M-N
M-S
Mid
Ask
Z-z
Since
=5^ Jannan/
A-O
1956
1938
GaPac Ry 1st g 6s
1922
Knox & Ohio 1st g 6s... 1925
Rich & Dan con g 6s
1915
Deb 5s stamped
1927
Rich & Meek 1st g 4s... 1948
So Car & Ga 1st g 5s. ...1919
D 4-5s
E5s
Last bale
:il
113
93
-J
J-J
J-J
1921
1926
General 5s
1936
Guar stamped
1936
O&
1st cy gu 4s. .1924
West N C 1st con g 6s. .1914
S <fc N Ala See L & N
Spok Falls & Nor 1st g 6s. 1939
Stat lsi Ry 1st gu g 4Has..l943
Dec '03
87
82 Hz 86
.1
Con 1st gold 5s
E Ten reor lien g oa
Series
Series
March
,113
M-N
A-O
ET
Virginia
M
StLKC&iN
e;6s'30
1st 7s.
I
Koine Wat Ac Og bee H V Cent
Kutlaud 1st con g 4Hzs
1941
St
Ac
lis
1
P
Ac
T
1918
1920
X YTdbMex gulst g4a.l912
iii"
No of Cal 1st gu g bs
1907
M.o'Uf
Guaranteed gold 5s
1938
117
ore & Cal 1st guar g 5s. 1927
S
A Pass 1st gug 4s. 1943
123'123' 2 Jan '01
So P ol AT gu 1st g Gs. .cl909
95 J'ue'03
1st guar g bs
cl910
109 Apr'02
S Pot Cal lstgbs
1905
]>»., llS^
is', .Mai'ui
1st g 68 series B
1905
':
I.10734 I""
lstg 6s series C<fe D...1906
UOHiFeb'OJ
lstgbs series KAc F...1915
109 l< HOH;
1st gold bs
1912
119-->8 119H
1st con guar g 5s
1937
119^ Mar*04
137 JNov'97
Stamped
1905-.. 1937
SPacofNMex lstg 6s.. 1911
S P Coast l8tgug4a
1937
Tex& N O lst7s
1905
120 Oct '01
Sabine Div lstgbs
1912
112 Hi Dec '02
Con gold 5s
1943
Southern— 1st cong 5s
1994
Registered
115HiMar'04
lloHllloH,
1994
98 J 'ly '97
Mob & Ohio coll tr g 4s. 193H
Mem Div lstg4H2-5s...l996
1 20 Hi Dec '02
St Louis div 1st g 4s
1951
9ii' 4
!lb 4 lo2
94»8 96 34
Ala Cen R lstgbs
1918
9 b Hi J' J' '03
Atl&
Danvlstg4s
1948
" 6
94
Atl<fe Yadlstggnar4s.l949
94 \f
913s" 94 J 4
Col & Greenv 1st 6s
1916
Va<fe Ga Div g 5s.. 1930
gold
lsi
.
Kegistered
1997
Jersey cent coll g4s...iu5i
Rensselaer Ac Sar See D Ac H
Kick Ac Dan bee South Ey
Rich it .Meek See Southern
BioGr \\ est See Den & Eio iir
Kio Gr June 1st gu g5s... L939
Kio gr So 1st gold 4s
1940
See
Waco it N WitivlM
Morgan's La
:
Krie 2d g 5s...al92S A-0
<fc V See N V Cen
Pitts
94 Hi 97
13
96H
Week's
Range or
J-J
Consol g lis int guar. ..1912 A-O
Gen gold 4a int guar.. 192] A-o
102 Nov'97
112 34Mar'0ii
1
SU&
&
.
I
Puts McKeen
Koch
H Ac TC 1st g 5s nit gu.. 1937
l^rlce
Thursday
Bid
Co—{ConMnueei
Southern Pao
.
t>2
10U
119
J-D
Pitts
Li K lstg 5s. ..19-40 A-O
1st consol gold 5s
1943 J-J
Pitts <fc West HeeB Ac O
Pitts V Ac Ash 1st con 58.192' 1I-N
199' J-J
Reading Co gen g 4s
Guaranteed
Jiii/M
A*
W
Pitts
Pitts
Low
stock exchange
Week ending apkii. 1
x. y.
Dei '03
Aul-'O
1
DKKK4
A,
Hiijli
114
lOb
[VOL. LXXTHTs
4
BONDS
trice.
Thursday
Hui
Ask
< Continued
113
Consol gold 5s
1919
194;; WIN
Consol gold -is
108
9C (.Sale
Convertible u 3 His
1912 M N
loo Hi
Alleg V'al gen gu g 4s... 1942
1935
Mar
1st
gu
C1&
g 4 Hi*..
Bee 1st gu 48 g. '36
98
109 H
Or it «fc 1 ex tat gu g 4 as 194]
Penn Rlt
—Concluded— Page
1
4
'
!
9
Sale
106 H,
Sale
80
.
....
35
*'
J
110
75'
M-\
price Friday; luseet hui six) asked,
1
•to
Adams Ex
'00
66
684
6
07
99 Sep '03
99 Jan '99
92 Feb '04
105 Hi 105 Hi
101
LOO
IMmi;:
9.i
7
04 *
95
00*a Deo«03
'
(lb
vFebOl
40
Mar'04
a DneJ"an
Due Feb
»4
08*8
100%
H
101
97
37
g4s
95 Hz
1
LAI
of. Hi
10]
',
Os-U
74*».
Due Mar
'a
balo
101
101*4
1-0
101
103
L003(J'no'02
6
ioiV"""
76
'-2
1
7b
Sale
's
H:,
M-N
M-N
MN
.Mar'0
1
"i&x'ij&"
76*s
Feb 'O'J
60
.....
......
"
90
ur
1
,
4*4
lio.ip
7 5 Hi
1 6311
«
06
.47
1»4
!
F-A
J-J
A O
101
Mad sq Garden 1st g 6a
.Man llch H ALgeo* 4J..1940
Nev, p Nc Ship A D D6a«(1990
\ Y Dock. 50-yr ls» u'.ls.. I'.i.M
''SO Hi
St Joseph. Stk Yds si *as.l930 jj *100
St L Ter CupiikesStat'iuCr Prop
Co 1st •; 4His 5-20 year.. 191 j-D
8 Ynl.a Wat CO con g (is.. 1923
sp Val Wat W«(iks 1st Os.lSOG MS'
98 Hi
....
IT
!>...! O. I>..r 1 ..1
1114 1
SReiUVi
Rollstsf9 68.1931
U
*
1
86
1048 M-16
li'kl^i Fen-yCo lsi cons g6s is
clue Jc.it St Yard col g 5s. 1915
in M it M IdgT incomes.. ;il
llolioken
gold 5s. ..1910
I
3
Mar'01
110't Msr'04
74 '4
75'i,
74Hi.Mar'in
!
(i.i
co4.)r
61% AmDR<fc lnipos See Cunt N J
58 h Aw SS Cool W Va g 6*. ...1920 M-N
jj
w.'
..
..-
"
Xov'03
108
1
la
Hi
J'ly'00
Aug' 03
79
»
J
DueApr /lDaeJ rly k Duo Aug
Duo Oct p Due Not
q
Due Dec iOption
sale
APR.
———J
—
.
THE CHRONICLE
1904.
2,
Volume
TRANSACTIONS AT THE
DAILY.
NEW YOKK
Railroad
97,846
".44C
28.002,100
65,172,760
68,198,000
37,474,800
568.1 10
724,310
397,243
1,
Week
Exchange
1,500
$27,000
$8,803,000
January
1 to
1904
1903
April 1
1903
32,490,839
43,515,081
$3,006,740,^7.-, $4,127,488,426
$154,800
$G,900
shares, par..
$25,000
500
HOLIDAY.
3,396.118
2,087,955
Stocks— No. shares
$198,550,750 $318,227,050
Par value
Bank
Bonds
145,(100
endinfi April 1
1904
Bonds
2,007,000
2,216,500
2,528.500
2,087,955 $198,550,750
Sales at
New York Stock
V S
$606,000
j-9.103,100
$84,950
BONDS
80
$27,000
State bonds
BR. and mis. bonds
8.S03.000
$8,830,000
Total bonds..
$44,000
7,000
13,367,000
$13,418,000
$276,200
188,000
162,659,500
$163,123,700
$401,000
257,500
189,501,600
$190,160,100
48
40
100
04
90
J-D
Pat <fe Pas Gas & Elec 00
M-S
Cong 5s 1949
St Joseph Gas 5s 1937..T-J
StPaulGas Gen 5s'44M-S
Syracuse Gas 5s 1946. J-J
United Gas&Elec.NJ 100
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Unlisted
shares
Listed
shares
I'JUi
4,772
15,295
14,793
21,696
24,301
Saturday
Monday
Tuesday
Wednesday
Thursday
1,739
7,821
6,443
13,704
6,446
$18,300.
56,500
46,600
128,000
111.100
...HOLI
Friday
36,203
30,857
Total.
Unlisted
shares
Listed
shares
sales
$360,500
2,266
6,392
7,031
8,550
7,580
$49,000
89,450
115,400
56.500
35,600
31,819
$345,950
6,275
8,075
9,464
18,998
9,848
DAY
sales
....
52,660
of Outside
Street Railways
NEW YORK
CITY
Bleeck St & Ful F stk 100
Ulstmort 4s 1950 ..J-J
UB'y & 7th Ave stk ..100
Bid
33
93
242
99»4
1904 ..J-D
U2dniort 5s 1914 ...J-J 104
Con 5s 1943 See Stock Exch
B'waySurf lst5sgu 1924 4107
2d 5s int as rental 1905 4 99%
UUent'l Crosst'n stk. .100 250
UlstM 6s 1922 ...M-N 2118
UCen Pk N <fc E R stk.100 202
1IChr't'r& 10th St stk 100 180
TJlst niort 5s
Street Railways
Ask
Bid
Grand Rapids Ry
34
96
245
101
107
100
50
Preferred
100
84\
Lake St (Chic) El stk.100
l>
1st 5s 1928
J-J 4 96
41.13
ULouisv St5sl930..J&J
Lynn& Bos 1st 5s '24. J-D 4112
MinneapStRy 5s
Exch
Ask
55
87
1 34
97
11334
114
I
53%
list
48
75
J-J
Steel
88
100
40
103% 104
LOO
Preferred
l()u
loi
Preferred
Electro-Pneuui'ic Tran 1
Empire Steel
loo
Preferred
loo
UGeneral Chemical ..100
100
U Pre f erred
Gold Hill Copper
1
Greene Consol Copper. lo
HackensackMeadows 100
Hall Signal Co
LOO
Preferred
M-N
1910
NY& Q ElLc&PowColOO
100
Preferred
United Electric of
48 1949
N J100
J-D
;
143
235
180
88
35
71
17
150
249
190
91
41
73
19
62% 03
Ferry Companies
Brooklyn Ferry stocklOO
B& NY 1st 68 1911. J -J
6%
»4
1%
a
n
10
%
7
30
44
42
43
94
100
%
12% 12%
15
85
8
15
29
35
•jo
100
1
102
O
30
40
16
35
30
40
4
8
4102
104
2
5
12
17
L10
90
105
Exch
list
Mosler Safe Co
Coal. .50
'*
5
1
t
100
100
R
Monongahela
1
7
Interboro R T see .Street Rys
Intcrnat'lBankingColOO 140
Int'n'l Merc Marine. Loo
4^
Preferred
18%
loo
70
Col tr deb 4 %1922op'o7
10
International Salt
100
38
1st g 5s 1951
International Silver. 100
30
Preferred
100
1st 6s 1948
J-D 4 98
John B Stetson com.. 100 165
Preferred
100 130
Kitchener Gold Mining. 5 \
%
8%
Lanston Monotype
20 t
Lawyers Mort insur.lOO 105
Lawyers' Title Ins. ..100 270
30
LightFuel&P of WValOO
ULorillard (P) pref ...100 115
Madison Sq Garden. .100
2d 6s 1919
M-N 60 l
l 4
Manhattan Transit
20 t
5%
Mex Nat Construe. pflOO
7
109
%
1
r
Co.. LOO
Preferred
Companies
Chicago Edison Co.. .100
Hartford (Ct) Elec Lt 100
HKingsCo El L&P Co 100
Narragan (Prov) El Co 50
\
29
15
24
60
Hoboken Land<fe ImplOO 200
Hudson Realty
47
100
Stock
100 110
U4%s, 1905
98
Hudson River Teleph 100 92
1TNY&N J Teleph. ..100 142 145
list
chant
e
Stock
Ex
5s 1920 See
UNorthwestern Teleg. 50 120 123
82
78
25
Pacific & Atlantic
103
TJSouthern & Atlantic 25 1U0
1
21
51
'
.">
31%
3
10(
Houston OH
&
26
31
98
129
Preferred
100
Hecker-Jones-Jew'i Mil!
1st 6s 1922
M-S
Herring-Hall-MarvinlOO
1st preferred
100
2d preferred
loo
115s
1%
16
4
4*6
Havana Commercial. 100
Havana Tobacco
3 34
:'
15
,
Electric Lead Keduc'ii.'i
Prelerred
60
Electric Vehicle
loo
82
53
120
Franklin
67
101% 102%
Co. loo
Electric Boat
180
Emp & Bay State Tel 100
17
60
10
Dominion Securities. LOU
40
89
13
13
100
98% Cuban 63 of 1896
15
Diamond Match
101
10
52
42
102
95
92
75
%
loo
UPreferred
%
%
3'.!
Debenture -is
Cons Storage BatterylOu
ContTobac deb 7e'05A-O
Cramps' Sh <& En Bldg-i-00
105% UCrucible
100
100
65
54
108
137
72
BO
Consol Robber Tire.. LOO
78
llGold
05
ConsRy Ltg&Refrtg.lOO
^Commercial Cable ..100 170
Commor Un Tel (N Y).25 115
Electric
Market will be found on a preceding page.
50
& Telephone
5s 1909-29
Bond
Outside Securities
Weekly Review
87
84
93
Bell Teleph of Buffalo 100
HCentral <fe So Amer .100 3101
32
Chescfe PotoTeleph..lOO
Philadelphia
Bond
37
UAmer Teleg& Cable 100
Boston
Week ending
April 1
Tclejrr
103
Consolid (Jar Heating J 00
w'ks coin loo
100
1 Preferred
94% 96
100
Preferred
64
Ask
Bid
66
85
I
.
No Hudson L H & Pow—
A-O 4100
os 1938
5
UO&IndCNat&Ill.lOO
1926
Indnstrlal ami Ulncel
Col& HockCoal.it I pf loo
1st g6a 1917
l-.l
Com pressed Air Co... 00
26
F-A 4101
111st 5s 1915
Hartford (Ct) Gaa L...25
47%
100
Hudson Co Gas
57%
5s g 1949
See Stock Exch
Indiana Nat <fe 111 GasM-N 44
let 63 1908
Indianapolis Gas stock 50
M-N 4104
1st 6s 1920
50
Jackson Gas Co
81
A-O i 97
5s g 1937
100
Kansas City Gas
10
99
A-O
U5s 1922
100
ULaclede Gas
90
100
UPreferred
60
Lafay'eGasl st 6s'24.M-N
50
Log<feWabVl8t6s'26.J-D
Madison Gas 6s 1926.A-0 4105
Newark Gas 6s 1944. Q-J 4136
Newark Consol Gas. .100 70
5s 1948 See Stock Exch list
1st 6s
Ask
B6% 87
1
Government bonds
A
Hid
200
Grand Rapids Gas—
state
<te
Jionds
Far value
Shares
STOCK EXCHANGE
WEEKLY AND YEARLY
Slocks
1265
Uu* Securities
Elizabeth Gas Lt Co.. 100
Essex & Hudson Gas loo
Fort Wayne 6S 1925. .J-J
Gas<& El Bergen Co. .100
Business at Stock Exchanges
ot
Week ending
April 1
iyu4
—
%
1
146
6
19
80
11
41
10
35
LOO
150
J
4
8 34
170
275
31
15
80
1%
7
r
26%
50 t 26
102%
100
Prelerred
30
70
75
19
UNat Enam & Stamp 100 17
NY& E R
78
4ias 1952
J-J i 78
79
85
94
UPreferred
100
1st 5s 1922
M-N 4 92
114
North Chic Str stock. 100
71
73
120
100
N X" & Hob con 5s *46. J-D 4104 106 National Surety
Pub Serv Corp of J100 95 100
3
HobFy 1st 5s 1946 M-N 4107 110 NewBrunsCannelCoal 10 t
Tr ctts 2% to 6% yerpet 40
40% N
UNew Central Coal ....20 42 48
J lst5s 1946. J-J 100 102
19
North Jersey St Ry 100
20
40
60
3
New Eng Consol Ice. 100
Col& 9 th Ave 5s See Stock Exch List
10th & 23d Sts Ferry 100
M-N 69% 70
1st 4s 1948
96
N Y Biscuit 6s 1911. M-S 104 106
Dry D E B & B—
1st mort 5s 1919... J-D 4 92
110
.J-D 108
30
130
111
Cons Trac of
62% 63
34
J. ..100
N Y Mtge& Security.100
UUniou Ferry stock .100
II 1st gold 5s 1932..
16
1st 5s 1933
J-D 105% 105 34
20
99 101
92
UNew York Dock
100
UScrip 5s 1914 ....F-A
Hist 5s 1920
M-N 89
40
112
..100
400
New'k
Pas
Ry
5s'30J-J
113
Avenue
st.
390
UPreferred
100
Eighth
U
Railroad
5% 534
106
Or & New 1 st 6s '05 A-O 4100 102
N Y Transportation... 20
UScrip 6s 1914 ....F-A 105
3
Essex Pas 6s 1905 M-N 4101% 102
4
U42d&GrStF'ystk..l00 400 410
85
87
Nor
Lum'r <fc Pulp 1 00
Buffalo & Susq.pref ...50
4% 6
Rapid Tran St Ry..l00 240
& St Av.,100 50 75
42d St
IfOntano Silver
100
Chic Peo & St L pref. 100
31
32
1st 5s 1921
A-0 4107 110
2%
Otis Elevator com
100
Ulstmort 6s 1910 .M-S 104 107
Deposited stock
89
92
15
80
90
J C Hob&PatersonlOO
18
8%
Preferred
100
V2d income 6s 1915 J-J
Undeposited stock
4s g 1949
M-N 63 4 63% Prior lien g4%8'30M&S
105
Pittsburg Brewing
Interborough Rap Tr. 100 109 !« UOia
50 t 2534 26
81
82
So J Gas El & Trac 100
84
86
Preferred
Lex AT <Ss Pav F as See St kExc List
Con mtg g 5s 1930. J&J
50 t 44% 45
16 76 17%
Gug5s 1953
M-S 100 101
15
20
Pittsburg Coal
Metropol Securities See Stk E x list
100
Income 5s 1930
60 J4 61
95
No Hud Co Ry 6s' 14 J- 112 115
97
Preferred
Metropol Street Ry See Stk E x list
100
Ch
Pac4s (wi).„
99 105
J-J 109% 111
5s 1928
84
86
Pratt & Whitn pref.. 100
Ninth Avenue stock. 100 192
Erie conv4sAprl'53A&0
117
Pat City con 6s '31.J-D 4122 125
Realty Assoc (Bklyn) 100 114
Second Avenue stocklOO 206 209
Northern Pacific
100
2d 6s.... 1914 opt A-O 4100
Royal Bak Powd pref .100 100% 102
Ulstmort 5s 1909 M-N 4102% 103ia
134H
When released
63
96
97
100
Consol5s 1948.... F-A 2112 112^4 Rochester Ry
25 t 61
Northern Securities.. 100
99H 9934 Russell & Erwin
135
Preferred
100
96
98
33
Safety Car Heat & Lt 100 180
36
Usixth Avenue stock 100 174 176
Pitts Bess&LE
50
X
list
Con 5s 1930 See Phila
74
4
Seminole Mining
3R
Preferred
77
5 t
Sou Boulev 5s 1945.. J-J U02 106
50
30
2d 5s 1933
J-D 102 103
Simpson Crawford Co 100 20
Seaboard Air Line
So Fer 1st 5s 1919... A-O 4105 108
90
35
92
So Side El (Clue) stk.100
82 "8 83
Deb s f 6s '24 op '05.. J-J 70
Third Avenue See Stock Exch list
Coll tr 5s '07 op ( w i)M-S
P & 5s 1928 100 106 Syracuse Rap Tr 5s 1946 4100% 101
Tarry
100 380 400
Va& Southwestern.. 100 25 35 Singer Mfg Co
5
6
YkersStRR 5s 1946A-0 103 106 Unit Rys (St L Trans) 100 10% 11%
Standard Milling Co. 100
Industrial
and
IHiscel
23
25
100
62
Preferred
54
Preferred
28th & 29th Sts 1st 5s '96 4108% no
100
72
73
Gen 4s 1934.. ..See Stk Exch list
90
UTwenty-Th'd St stk 100 390 405
5s
Alliance Realty
100
J-J
UnitRysSanFran SeeStk Exch list
96
99
Deb 5s 1906
7% 834 Standard "oil of "n" J . ,'i.OO 619 624
UAllis-Chalmers
100
28
32
Wash Ry & El Co.. ..100 11% 13
40
Standard
Union Ry 1st 5s 1942 F-A 109 111
48
Coupler comlOO
UPreferred
100
130
44
Preferred
100
45
52
54
Preferred
Westchest 1st 5s '43 J-J 101 105
100 115
flAmer Bank Note Co. 50
38
%
J-D
73% 74% American Can com... 100
4s 1951
4
50 t
4% Storage Power
36
UWest Chicago St. ...100 42% 47
30 L4 Swift & Co See Boston St k Exc h'ge
Preferred
100
4100%
101%
75
90
80
95
HCon g 5s 1936.. ..M-N 4
1st 5s 1910-1914. ...J-J
American Chicle Co.. 100
BROOKLYN
32
76
80
Tennessee Copper
25 t 31
Preferred
100
Gas Securities
90
Atlan Ave 5s 1909.. A-0 i 98 101
American Elevated
%
% UTexas & Pacific Coal 100 75
NEW YORK
Con 5s g 1931
A-0 108 110
99 H; 101
A-O 4105 110
1st 6s 1908
Malting 6s 19 1 4. J-D
430
Impt 5s See Stock Exc h list
Cent Union Gas 1st 5s. 4106 109
85
Title Guar & Trust ...100 420
Amer Press Assoc'n.100 75
5s 1933. .A-O
Y..100 130 115
99 103
Con Gas (N Y) stk. See St k Exc h list Amer Shipbuilding... 100
26% Title Ins Co of
10
13
Stk
E
list
Brooklyn City stock... 10 232 235
x
TrentonPotteries
comlOO
Equit Gas con 5s 1932 See
85
Preferred
100
8J
86
100
Con 6s See Stock Exch list
2
Preferred new
UMutual Gas
100 260 300
4
Soda Foun com. .100
75
Bkln Crosstn 5s 1908.J-J 102
63
70
Trow Directory new.. 100 65
New Amsterdam Gas
1st preferred
100
s
%
«
11
10 t
Bkn Hgts 1st 5s 1941 A-O 105 106
14
Union Copper
1st consol 5s 1948.. J-J 4105% 106
2d preferred
100
Bkln Q Co & Sub See Stk Exch list
NY G EL H&P See Stock Exch list American Surety
Union S witch <fc Signal 50 t 65
50 158 162
105
50
Bklyn Rap Tran See Stk Exch list
Preferred
Y & East River Gas
Amer Tobacco com. . . 50 250 500
84
135
J-J 4110% 111
Union Typewr com.. 100 80
1] Coney Is. <fc Bklyn ..100
330 360
1st 5s 1944
UPreferred
100 125
103
100 102
J-J 4106
108
1st preferred
1st cons g 4s 1948. .J-J 100
lOOia
Consol 5s 1945
Am Typefo'rs com... 100 25 30
103
100 101
5s 1939.J-J 111
85
90
2d preferred
34
114
Y<fc Richmond Gas.100
Preferred
100
2
234
2%
3
UnitBoxboard& Pap. 100
Gr St&New 1st 5s '06 F-A 100 102 Nor Un 1st 5s 1927. M-N 4102^4 103% Amer Writing Pai-.-r.100
15%
16%
100
Preferred
Gr*pt & Lpriraer St 1st 6s 102
12% 13
UStandard Gas com ..100 130 140
Preferred
100
2
1
Duck
100
Kings Co. Elevated
69
70
U S Cotton
UPreferred
100 155 170
5s 1919
J-J
20
20
1st 48 1949 See Stock Exch list
1st 5s 1930
M-N 4110 113 UBarney & Sm Car ...100 10
U S Envelope com... loo
60
65
100
UPreferred.
Nassau Elec pref
100
UPreferred
75
100 110 125
OTHER CITIES
6
10 t
Light & Heat
5s 1944
A-O 110 112
Bliss Company com
60 140 160
1st 4s 1951
See St k Exc h list Amer Light & Tract. 100
43
48
Preferred
UU S Red & Refining .100
50 140 160
100
UPreferred
N Wb'g & Flat 1st ex 4%s 100 103
87
90
Preferred
100
Bond& Mtg Guar.... 100 335
100
Stein-way 1st 6s 1922. J-J 4115
Baltimore Cousolidat See Bait list
U S Shipbuilding
Borden's Cond Milk.. 100 117 119
100
Prelerred
107%
110
Bay State Gas
50
Preferred
100
%
"R
See Stk E \ list
97
Binghamton Gas 5s 1938 4 94
%
Camden Land
3 t
M U S Steel Corp new 5s
OTHER CITIES
Coltr sf 58 '51 opt '11 . 410^% 104%
Buffalo City Gas stockl 00
4% 5
Celluloid Co
100 114 116
'51
opt.
U0334 104%
Buffalo Street Ry—
not
12
Coltrsf 5a
16
1st 5s 1947 See Stock Exch list
Cent Fireworks com. 100
1%
1st consol 5s 1931.. F-A 4111% 113
Universal Tobacco... 100
62
57
Chicago Gas See N Y Stk Exch list
Preferred
100
2
4
loo
Deb 6s 1917
1
90
1% Preferred
A.O 4105 107
Cincinnati Gas & EleclOO
90 *„ Central Foundry
10U
Chicago City Ry stk.100 160 L65
7
Westchester & Bronx
8
Consol Gas of N J. ...100
89
91%
Preferred
100
150
Chio UnionTrac See St'ck Exch list
Title & Mort Guar Co. 130
52
54
J-J
1st 5s 1936
Deb 6s 1919 op '01M-N
Westingh Air Brake. .50 1132 134
Cleveland Electr Ry.100
Consum Gas (J City)
Century Realty
74
77
100 100
7«4
8%
Columbus (O) StRy.,100 89 78 90%
White Knob Mining. 10
M-N 4100 101
1st 6s 1904
Chesebrough Mfg Co 100 400 430
Worthing Punip pref. 100 110 115
Preferred
87
90
Consumers' L
& Pow—
UClatlin(H B) 1st pref 100
loo 106 108
Colum Ry con 5s See Ph Ua list
87
90
J-D 4100 102
100
58 1938
U2d preferred
Crosst'wn 1st 5s '33. J-D
87
90
100
105% UDetroit City Gas
50 t
UCommon
4 Buyer pays accrued interest,
Sells on Stocic Exchange, but not a very active security.
; Sale price,
a Ex rights. zEx div
t Price per share.
list
110
101
270
120
210
187
New Orl Rys Co
SeeHtk.
100
100
N
9
29
ust
9%
Con
5s 1948
See Stock
Ferry stk.100
Preferred
Y& N
N
M
Am
N
RI&
W
M
Am
BB& WE
N
Am
N
BrkC&N
I
N
US
1.
H
.
",i
1
BOSTON STOCK EXCHAME-Stock
Saturday
March 26
Monday
Tuesday
March, 28
March 29
Wednesday
March 30
STOCKS
Thursday
lYiday
March 31
April 1
Weekly and Yearly
Record, Daily,
Share Prices— Not Per Centain Prices
Range
Range lor Year
1904
Sales
of
BOSTON STOCK
1
the
for Previous
Year (1903)
Week
EXCHANGE
Lowest
Shares
Highest
Lotoest
Jilt/heat
Kuilrouili
714 73
694 694 69% 704 69% 71
•89% 904
90
90 V.
904 91
24342434 2434244
2434 244
139
•232
•165
1394 139 '4
....
•232
....
1064 •1654167
165
4165 4
•2954 29 S
•
14.",
119
144
'
119
119
•
'295 4 298
'2964298
185
143
120
185
143
1194 118
185
1
'
92
245
91
244
139
180
•282
139 4
...
71%
91%
Santa FelOO 9,743 64 Marl4
100
188 88 Jan 7
100
116 2424 MarlO
100
119 Z137 Feb 6
100
230 Marll
51 166
MarlC.
100
100
Do pref
170 Feb 3
Boston & ProvidencelOO
295 Feb24
Chic June By & TJ S Y100
17 139 Feb 11
Do pref
100
129 119 Mar2G
Atch Top
72%
Do
92 4
245
139
Mar'04
186
Mar'04
Last Sale s;&64 Mar'04
142% 143 *
143
119" 119
119 119
Last Sale 184
Mar'04
Con & Mont Class 4. 1 00
Conn & Pass Biv pref loo
Connecticut Eiver...l00
Fitchburg pref
100
100
Ga By& Electric
Do pref
100
Houston El'tric com. 100
Maine Central
100
172 Jan 6
Mass Electric Cos
152 16% Feb 25
100
Do pref
100
645 72 Marl4
Mexican Central
10 Feb 13
100
N
& Hart.. ..100 310 1894 Mar28
Northern N H
100
3 1024 Jan 25
o 222
Jan 29
Norwich & Wor prefl 00
Old Colony
24 l984Jan 7
100
Pere Marquette
75 FeblG
100
Do pref
68 Marl7
100
Rutland pref
35 Marll
100
Savannah Elec 00m.. 100
Seattle Electric
40 Jan 15
100
Do pref
90 Jan 26
100
Terre Haute Eleo....l00
Union Pacific
100 11.133 71%Marl4
Do pref
100
160 864 Mar 1
Marl4
Vermont & Mass
] 163
100
West End St
213 89 Jan 4
50
Do pref
10 108 Jan 4
50
Wisconsin Central... 100
174 Feb 26
Do pref
100
Wore Nash & Roch.,100
145 Jan 7
1404 138% 139*4 '138 140
138
188
364 •354 364 Last Sale .??% Mar'04
374
•754 764 •7.-) 4 764 764
76 4
764 764 •764 77
Last Sale 42
Mar'03
•17i>4 1724 •170 '4 172 '4 17041724 Last Sale 174
Mar'04
•18% 20
»19 4 20
•184 20
19
194
•18>a 20
•72
73
73
73
73
73
73
724 73% 73
•10 34 11%
•94 10% *9 34 10% Last Sale 22 4 Mar'04
189 4190
189% 190
189 U 189^ 189 4189% 18'.)% 190
163 163
•222"
228"
•222 228 •222 228
'222
225
228
225
"j 02
•202
202 202
202 2024 2(12 208
204
•78
Mar'04
80% •78
80% •78
80% Last Sale 75
'08
•69
•68
Last Sale 69
73
Mar'04
72
73
Last Sale 35
37
Mar'04
37
Last- Sale 754
Oct '03
•374 45
'374 45
Last Sale 42
•374 45
Feb'04
Last Sale 9?
Feb '04
140
'
•30
•65
•65
70
70
•66
82% 834
81% 82 4
91% 91%
91>a
160
•91
110
110
'140
92
93
163 41634
91% 92
110 111
92
....
140
•13%
144
13 34
73
72% 73
"34 44
•134 144
13 34
764 76%
34 34
4
•113
114
115
•84
9
54
8-4
•54
54
234
168
'14
•
*
.
764 76 4
34
34
115
•114 115
•84 9
8 34
•54
5%
234
234
167
235
168
38% 39
78'4 784
•1744175 4
120
4
125% 126
125 41254
124% 124% 125 1254
11
114
10% 10%
764 764
•
4
19
1264126%
126 4
126
73
73
-4
•18
•3% 4',
*174 184 •18
235
167
167
384 38
78% 79
175 175
54
384 38%
78% 79
175
209% 209 209
•74
100>9
•21
23
•2
3
134
92
•163
92
110
•134
14',
73
73
•4
•18
19
44
70
86%
92%
92
111
Feb '04
J'ly '03
Jan
'04
100% 100%
•21
100
•21
23
73
19
21
6
*5
4
5%
*5 4
235
235
165% 1664 164%
39
38%
784
39
•784 79
176
•176
14 14
1204
Last Sale
1204
5%
4
4
784
180
*14
1%
Mar'04
2
"74
100
101
23
209 4 209 4
74
100
•100
Last Sale
Last Sale 28
209 4
74
101
Aug'03
Sep
'03
-2
3
24 24
2
3
•99 100
100 102
1014102
1014 102 X1004 1004
3
46% 46 4 47
47
48
474 474 48
48
48
28
28% 28% 28% 284 284 284 28 4 284
28
Last Sale 74
Feb '04
.
Last Sale 784 Mar'04
Last Sale 2o'% Mar'04
644 544 54
54
54 4 54 4
55
54%
•11
11%
11%
114 114 114
11V
114
67 ->4 58 4
57 4 58 4
57% oS^s 58%
694
52% 54 4
114
57% 57%
••60
-65
•8I4....
•76
•60
•60
8%
80
83
100
•81
•90
•75
•80
•90
-60
••60
•65
60
•65
•84-...
80
83
100
8
8
•8
9
•60
8%
80
83
100
•Vg"
•20
••45
460
••40
460
456
4%
4
4
494 604
•?4
2%
4 7 18
5
49 4 504
•60
-60
'60
•2%
3
1
1
4
8
4
1
•74
4
'75
'"64
64
384
"a"
74
7
1
•1
•7%
4
•4
•76
6
j*-60
•58
13
13
4
4
"1
12
69
26
25
68
68
26 4 20%
1% 1%
83 4 84
•58
25
14
4
1%
•87
1%
86
•96
B
4
•85
i
"1%
1%
74
8
'95
98
4
34
•34
•6
21
13
86
8%
!>',
'•"m
33%
34
34
34
•64
71 34
1
9%
34'.
3
4
64
•71
714
'•65
1
• Beiorepay tota*»e»«
,
4
,
34
•60
14
4 12%
•1%
•60
8%
Mar'04
21
21
••50
•60
55
74
1»18
14a
-'4
Last Sale 74
39
•60
4
89 4
•1
184
14
4
14
69
69
69
26 4
25% 26%
*1% 1%
1%
86
82
•85
2
••85
84
8ft
2%
8
2%
14
-Mai
I
44
55'
54
40
•1
13
4
•584
26%
1%
85
ill
44
Mar'04
6
4
40
Mar'04
Mar'04
May'03
14
14
59 4
25%
1%
86
••85
Last Sale 2%
8
95
109
24
74
2%
14
Last Sale »%
Last Sale 55
Last Sale 75
•85
8
107
24
74
•88
•96
98
8
39
•1%
2
214 21%
'4
64
%
•87
44
44
214
•05
44 4 4
•76
Last Sale
54
54 5%
89
•2
••50
2%
74
3
14
44
•6
•1
12
•60
•50
4
4
7%
•60
7%
•60
'110
.
•2%
3
4
38 4 38 4
•24 3 4
34
•2
••50
•1%
•50
49%
Mar'04
10
9%
264 Mar'04
45
Mar'04
25
Jan '04
.
74
7->4
•74
•80
•60
•60
•110
2
2*18
3
••80
49
Last Sale 75
24
4i%e
405
43
294 29 4
68 4 68 4
•110
•110
3«
•24
•60
2%
4%
Mar'04
80
Mar'04
Last sale 204 Sep '03
43 4 43% "42% '43 4
42% 43% 42%
•43 4
25 4 29
25 4 26 4
25 4 26
26
24 4
68
*69
68
•69%
•59
61
61
4
6
9%
••50
'60
•65
42 3
24s
7%
-9%
80
4674 4574 457 4574 458
460
Last sale 08
M»y'03
184 184 18
18
184 20 4
•<?0%
194
•74 74
«74 74 Last Sale 74
Mar'04
184
•74 74
•05
2%
•2 4
83
Last Sale 95
It
•50
•18
71
•80
*9% 9%
Last Sale
•50
••40
••40
•50
-50
Last Sale
-25
•25
•25
Last Sale
84 •8
84 "*£" 84 Last Sal
21
20
194 20
20
204 2L
'
9
Last Sale 80
•75
•80
•90
24 24 •24 2%
44 44
44 4 4
43% 48% 49 4 60
"•94 "9% '•9% "9%
••40
Boston Land
10
Cumberl Telep & Tel 100
Dominion Iron & St
23f
165
39
2
2
•11
.Vliscelliuicoun
Amer Agricul Chem.100
Do pref
100
Amer Pneu Serv
50
Do pref
50
Amer Sugar Renn
100
Do pref
100
Amer Telep & Teleg.100
Amer Woolen
100
Do pref
100
14%
72
4
1264 1284 1274 128
125 4 126
125% 120
125 4 126
125 4 126
10% 10% •10%
11
76 4 774 a;744
75
34 34
34
3%
Last Sale 22^4 Feb '04
*84 9
*8%
9
209
•74—.
100
85%
YNH
10
10
2io" 2104 209
•71*....
91% 92
235
235
168
-1% 1 34
•1 4
1 34
1%
1204 120 41204 1204 1204
4
28
•65
70
854 864
•914 92
Last Sale 2 74
Last Sale 38 %
Last Salt 1 45
140
•72
126 126
125 4125%
124 1244
11
11
70
82% 874
914
160
•904 92
110
•65
84
96
•8
Mar'04
84
974 97 4
Last Sal* 75
Doc '03
Last Sale 33
J'ly '03
4'<
44 44
4
44
Last Sale
Mar'04
21
21
214
21
2 IV
21
'4
•94 9%
9% 9%
8*4
9%
34
34
34
34 4
33%
33%
34
34
34 34
34
64 64
0% 74
7
'71
•76
98
714
•76
714 714
•75
1
71
714
•60
•60 4
Jan 5
160% Mar23
276 Jan 20
17 135 Jan 2
244 Jan 2
75 73 Jan 27
182
.
Last Sale 26/4 .Mar' 04
Last Sale 277
Mar'04
140
•36
<fe
pref
Boston <fe Albany
Boston Elevated
Boston* Lowell
Boston & Maine
245
138
189 139
Last Sale 232
1654 1664 166
Last Sale 170
O
o
w
•"J
w
IH
o
East Boston Land...
Edison Elec Ilium.. .100
General Electric
loo
Mass'chusettsGasCoslOO
Do pref
100
Mergenthaler Lino.. 100
Mexican Telephone., lo
N E Telephone
loo
PlantComt'ststkcoinlOO
Do pref
100
Pullman Co
100
Beece Button-Hole.. 10
Swift & Co
100
Torrington Class A.. 25
Do pref
25
757
8,356
470
2,167
175
2,112
3 4Mar28
1124 Jan 10
Feb 29
Jan 23
Feb 26
Feb26
MarlO
Marl4
Feb 10
162
7%
40
54
90 230
157
223
2,058 37%
786 77%
12 174
14Mar30
11
Feb 23
Marl 4
Mar 2 8
Maris
89 118
1
10
443 Z08
64 Jan 19
25
209 j;99% Mar21
Union Cop L'd&Mg. 25
pref
3
Jan 5
3 4 Feb 4
Feb27
17
122 4 Feb 24
122 4 Jan 5
1194 Feb 19
9 Feb 19
684 Jan 19
664
Jan 20
Jan 13
300 Jan 26
146 Jan 26
1244 Janl!
184 Feb 16
1624 Jan 4
277 Jan 27
140 4 Mar24
37% Mar24
76^ Mar24
169
171
25
CJS Leather
100
Do pref
100
10% Feb 6
U S Rubber
100
Do pref
100
450 404 Jan 6
9% Jan 6
U S Steel Corp
100
188
Do pref
100 8,353 54% Feb 1
•52
West End Land
450
25
4 Marl4
8 Jan 4
West Telep & Teleg.100
31
70 Marl4
Do pref
100
Westing El & Mfg.. . 50 ""lO 78 MaiT4
Do prer
944 Mar 3
50
timing
2 Feb 15
Adventure Con
25
145
Allouez
25 6.04
3% e Mar 8
Amalgamated CopperlOO 18,512 43 Feb 8
75 Mar21
Amer Gold Dredging 5
Am Zinc Lead <& Sm. 25 400 8 Feb 23
15% Feb 24
Anaconda
25
25 Feb 2
Arcadian
25
20 Jan 13
Arnold
25
7 Feb 1
Atlantic
25
Bingham Con Min<fc S 50 1,275 19 Mar 2
Bonanza (Dev Co)... 10
100 40 Feb 3
Calumet <fc Hecla
25
43 435 Jan 4
Catalpa (Silver)
10
Centennial
25 8,746 dl4 4Feb 8
26
Copper BangeConColOO 4J083
Daly-West
20
100
Do pref
100
Elm Biver
12
Franklin
20
Granby Consolidated. 10
Dominion Coal
.'
Guanajuato Consol..
Isle Royalo (Copper).
Mass Consol
Mayflower
Michigan
5
25
20
25
26
Mohawk
20
M 011 tana Coal •& Coke 25
Montreal <fc Boston.. 5
National
26
Old Colouy
20
Old Dominion
25
Osceola
20
l*arrott(Silv Jfc Copp) 10
Phoenix Consol
20
Quincy
25
Rhode Island
20
'>antaFo(Gold& Cop) 10
noil
10
Tamarack
26
>:i II
Tecumseh
Tennessee
Trinity
"*38"
Feb 23
Utah Con (Gold)
6
Victoria
26
25
25
25
Winona
Wolverine
Wyandot
«
0,663
100
24
Feb
250
2% Mar 18
650 •624 Feb 16
7 Jan 4
3 Feb 25
140
J'ne 195
J'lH 177
290
J'ly
133
110
184
160
270
131
26
75
305
Sep 157
75
39
42
173 4 Ha) 180
Nov 37% Feb
Dec
2
tl88
Jan 13
Jan 20
68
30
96
Feb 3
Jan 26
42
92
Sep
Jan
Jan
Jan
75 Jan 84% Jan
91 4 Oct 1044 Jan
66% Aug 104 4 Jan
83 4 Oct 95 Jan
163 4 M 29 1162 Sep 178 Feb
874 Aug 97 Feb
93 M
16
110 Feb 26 108 Sep 116 Feb
874Mar29
M
Mar29
93
17 4 Feb 26
10
4 Nov 26% Jan
38 4 J'ly 52
Jan 7 144 Sep 150
145
92 69
100 •50
9 Nov 26 Feb
15 4 Jan 13
Jan 23 66 4 Nov 864 Feb
3 Sep
7 Mar
6 Mar31
21 Mar31 12 Sep 24 Mar
1314 Jan 28 107% Oct 1344 Jan
1264 Jan 26 116 Aug 1234Deo
1304 Jan 25 I1440ct 1694 Feb
6% Oct
12% Jan 6
774 Mar30 65 Oct
34J'ly
3% Feb 16
1144 Feb 9 115 Oct
6 4 Nov
10 Jan 4
54 Oct
6 Marld
240 Jan 16 223 Dec
Sep
Jau
138
22
1784
30 J'ly
43% Jan
744 J'ly
824 Jan
180 Marl 2 164% Aug
1% Oct
2 Jan 25
122% Jan 28 121 Nov
9 Apr
4 Jan 28
15 Marl4
219% Jan 22 197 J'ly
64 Dec
74 Feb 15
102 Jam 5 99 J'ly
14% Jan 27
Mar3
12% Jan
59% Jan 22
55
Jan 14
Jan 20
Jan 21
Jan 21
Jan 10
•75
11
83
85
100
Jan 18
3
5
Mar30
53 Feb 2
MarlO
1
104 Jan 26
19% Jau 12
Jau 23
1
25 Jan 13
8% Jau 20
23% Jan 21
463
Jan
5
..Jan
5
139
20
237
10
132
67
Oct 108
80% Oct 110
2 Dec 18
New stock.
an
Jan
Jan
Jan
Feb
Jan
33% Oct
Feb
•50
6
Jau
15% J 'iy
Sep
Apr
•75
•25
7
20
Oct
•OS
Feb
12
J'ly
Feb
Jau
Jan
84 Mar
3% Jan
J'ly
14
Jau
624 Jan
8% Jau
10 Feb
:04
Feb
48% Feb
88% Feb
"10
190
Feb
2i
2 4 Jan
26% Jan
J'ly
29% Jan
1% Jan
5 Apr
91 Aug 111 Jan
38 4 Oct 53 Jan
27 Aug 31 4 Feb
7 Sep 15% Feb
71% Oct 95 4 M ay
9 Oct 18 4 Feb
33 J'ly 57 4 Jan
10 Nov 39% Feb
49% Nov 89% Jan
•50 Jan •80 Mar
7 4 Nov 28 Jan
71 Oct 102 Feb
Mar24 100
4 Jau
127
J'ne
Dec
Dec
20 4Mar3o
14% Feb
794 Jan
5% Jan
25
28
•40
Maiv'3
•50
75% Mar
14 Feb
12% Mar
31% Feb
6 4 Feb
•95
Mar
144 Feb
39 4 Feb
•90
Mar
551 Mar
10
Feb
31% Feb
5% Sep
•36
Nov
94J'ly
1 27 32 Jau
10 4 Sep 16 Mar
37 J'ly 75 Feb
47 4 Jan
36 Jan 2 31 Nov 48 4 May
72 Jan 2 59 4 Oct 131 % Jan113 Jan 22 106 Oct 1184 Feb
2 Oct
5
Mar
2 4 Jan 5
7 J'ly 14 Feb
9 4 Jan 9
:'.'•",
4
4
2
2
Feb 23
J
Jan
Jan
76
l%Marl8
9 4 Jan 20
4% Jan 18
1
1
5
Jan
85
71
25
J'ly
J'ly
5 4 Apr
3% J'ly
•50
Dec
Jan
174 Feb
18 Feb
3
54J'iy
3
J'ly
2 4 Jan
1
6
Feb 23
tAss'tpattL
354 Jan 18
3% Jau 23
74 Jan
Mar
14 Jan
76
*
6
9
4
Bx-rigtita.
4 Feb
Feb
Mar
2% Jan
1 4 J an
.24 Feb
23
4 Feb
79
Feb
Feb
34
74 Feb
126 4 Feb
4
i
22 Jan 20
10 4 Jan 20
1
68
8
3
I
1.620
Feb
17
-i>
18 Jan
84 Jan
425
846 30 Jau
630 d2 4 J an
Jan
75
7
•50
1,645
Apr
Mar
Nov 125 Jan
Nov 1964Mar
Jan 170 Mar
Aug 286 Feb
J'ly 1434 Feb
Oct
394 Jan
Dec 834Jau
Mai 42 Mar
"886
!•'<
Jan
8% Nov 28% Apr
4May 225 Jan
Mar.3o 1614 Leo 1734 Mar
Sep 232 Mar
220
228 Mar23
2044 Feb 6 196 Aug 212 4 Feb
804 Feb 1 74 J'ly 91 May
7
6 •75
4Mar.U
161
170
27
11
Jan
Jan
14
196
163
6
51% Mar 5
239 107 Mar31
2 Fob 5
350
7% MarlO
317
Aug 89% Jan
Aug 034 Jan
Feb
Aug 154 Jan
Aug 250 Apr
J'ne 262 4
Ma rl 4 •874 Jau 22 •60 Dec
44 Fob 29 6 4 Jan 6
4% Dec
31 J'ly
1,049 34 4 Feb 8 40 MarSl
Nov
2 4 Jan 19
4 Jau 21
•50 Feb 18 •62 4 Feb 4 65
Nov
70 May
41 •61 4 Feb 27 "14 Jan 23 •00 J'ne
Oct
94
6
4,217
U 14 4Mar3u
Fob 8 62% Jan 6 43 4J'b
183 53
J'ly
2u%
Feb
1
Feb
2
16
29 4
1,729
•2% Dec
1 4 Mar 8
515
3 Jan 20
80 Oct
174 80 Feb 25 100 Jau
•85
Nov
Mar.'2
'sJan
115
J'ly
4 Jan
24 Jan 20
Dei!
7 4 J an
94 Jau 18
2,340
J'ly
25 90 Marll 120 Jan 19.
Nov
26
17% Jan
26
3% Mar25 6 4 Jan 6
20 1,730
44 J'ly
4 Dec
6 Marl9
100
6 Marl 9
United Copper
UnitedStafee .Mining 25
Unit States Coal &Oil 26
Uo»Ueainl903. dBeforepay'tofassoss'Ucallediu 1904. 'Bidandasked.
Jan
"Sou
Continental Zinc
-
7
•55
25
Cons Merour Gold.
&
Jan 21
804 Jan
"
Central Oil
Mar
174
24
2 Jan 16
70
2 4 Mar29
578 95 Feb 8 102 Mar28
545 45% Feb 26 484 Jan 25
84 28 Jan 28 29 4 Jan 25
7 Feb 9
8 Jan 23
77 Jan 16 784Mar21
United Fruit
100
United Shoe Mach... 25
Do
Mar
13
71
100
1,062
4,205
73 Mar30 544
85
92 4 Mar31
247 4 Jan 29 244
1404 Jan 6 134
234 Mar 8 230
Feb
Jan
14% Apr
Feb
l%e Feb
33% Mar
14 Feb
31% Jau
27 4 Feb
190
164J'ly
8 Dec
22 Jan
14 Dec
17 Mar
33% May
9
Feb
54 J'ly 14% Mar
1
61
76
J'ly
Oct
77
Mar'
2% Mar
oEx-oiv.* right*.
4
APE.
5
3
1
Week Ending Apeil
1
Thursday
Range
March 31
Last Sals
Ask Low
984
984
Am Bell Telephone 4s 1908 j-j
j.j
Am Telep & Tel coll tr 4s. 1929 M-S
993s Sale
.
Consol 58
<fe Lowell 4s
Boston
Boston
Ac Maine 44s
Improvement 4s
1924
1907
1944
1905
1904
High
110
J-I)
1044 Apr'OO
J-J
117 Feb'04
99 7s Jan '02
101 Mar'03
F-A
Sale
128"
'.'.'.'.'.
100
128
«
111
80
81
96
124
W
M
KanCSt Jo&C B 1st 7s. .1907
L R & Ft Sin Id gr I8t7s...l905
113
102
99
99*4
128
128
79
81
994100
100*4 Feb'04
104*4 Jan '04
99*4
99 5e
106*4 Dec '02
1004100*4
984 Mar'04
914
914
984 984
91
924
1064
974 Jan '04
106
12434 Feb'04
123 4
101 Mar'04
106 34
14
106
974 974
124 34 125 4
123 41244
1231s
101
1234
"i
105 34 Salo
10534
100 101*4
"i 1054106°b
105*4
1094 Mar'02
100
95 4
10041004
95 4 97
1054109
1044 104 4
1004 Mar'04
102
98
95 4 Mar'04
108 Mar'U4
104 4Mar'0i
103 Jan '04
108
104*3
103
103
137
137
137
111*4 May'02
137 Feb'04
FremtElk&MoVlst68..1933 A-O 136 4
Unstamped 1st 6s
1933 A-O 1364
137 Feb'04
coll
Sale
GtNor C B &Q
tr 4s 1921 J-J
93
92 «8
93
,
1921 Q-jj
92Be
92=8
Note— Buyer pays accrued interest in
137
934
934
90
121
8
903a
addition to the purchase prloe for
Philadelphia and Baltimore Stock
all
Monday
March 28
Tuesday
March 29
•674 70
6834
*90
70
•90
69
704
8
•434 444
204 20*4
•8
12
17
734
74
74
•74
4334
4334
*4334
444
*4334
3
•8
12
36
34
39 4 394
2142U4a
•384 39
•29
49
30
49
54
*14
21
39
4
37
316 16
58»8 59
39 4 394
•54 6
•14
144
22B 16
22
*39
39 4
516J6
144
22»i6
39
•294 304
484 49
844 844
48 34 49
84
84
Bid
3
'"»
4
34
•3
8
8
12
36
•664 68
37
373s
20
20
"18
"ie
*3
8*16
34
8 1 16
12
3534
354 354
674 68
37
37
34
3=4
3»8
3\
594 584 594
*39*
394 404
4 393g
54 54
54 6
*14
14
14 4 *14
22422H 18
223 18 22 "a
40
39 4 39 4 39
59
304e
30*18
*30
hj
a
M
o
4
Reading
Do 1st pref
Do 2d pref
31
49 4
494 49 4
83
844 844 »83
Union Tracton
United Gas Impt
WelsbachCo ....
49
PHILADELPHIA
1173a 1184
100 101
113
'93'
110
118
854
104
10S4
101 34
121*4 122
65
Sale
94 Sep
6'4
75
104
96
102
064
J'ue'03
Mar'02
Mar'04
Jan (14
1024Oct
102 4 Sale
101»4
101
J
J
974
96
102
102
'03
102 4 102 4
106 4 Mar'03
101 4 Mar'04
1014
1024 104
J
F
J
105
Oct
102
90
Mar'02
Nov'03
Mar'04
Feb'08
4
1014102 4
101 1014
1014
112 May'01
100 4 Oct '02
F
704
164
66 >4
13
'03
1204 Mar'04
120
4120 a4
100
101
'02
3
J
88
100
92
J
103
Sale
M
1084 Sale 1014 1034
714Dec'03
J
F
101
u
107
M
M
V
100»8 103
94
944
103
94'8 Mar'04
103
10041034
103*4 J'ne'03
1054J'ne'03
102*4
Apr '03
102 4 Nov'03
9841004
994 100
874 J'ly '01
100
1123b Oct '03
;
latest bid
Daily,
and asked.
H Trust Co. ctf
Weekly, Yearly
Range lor Year
1904
Range for Previous
Year (1903)
Week
623
130
200
9
Phil Elec gold trust ctfs
Trust certifs 4s
Bid
99
64 34
Highest
Lowest
Highest
Lowest
67 4 Jan 6
87 4 Jan 18
704Mar31
584 Dec
72 4 Jan
84 4 Oct 118 Jan
1034 Dec 284 Jan
£0 Oct 45 Jan
91 Jan 27
84 Feb 25 1034 Jan 2
1534 Jan 16 21 34Jan 2
6%Feb24
8*8
Jan 26
524 Jan
174 Nov 26 34 Jan
4 Nov 9»ie Jan
3 Dec 4034 Jan
8
74 8 Oct 104 Jan
10 Dec 11 Deo
19 Nov 36 J'ly
64 Aug 79 34 Feb
344 Nov 454 Jan
40 34 Dec
45 Jan 30
21 4 Jan 23
15 16
Febll
8 58
Jan 20
54Jan26
134 Feb
384 Feb
Ask
994
144 Jan
Oct
8
8
6
Mar31
384 Jan 'J7.
4*i6 Jan 25
614 Jan 27
43 Jan 22
658
5 34 Feb 9 6 8 i 9 Janl3
8 Jan 6 1 154 Jan 21
35,195 194Marl4 24 Jan 25
165 38 Mar 1 40 5 i6 Jan 27
100 20<%Febl9 31 Jan 22
1,930 45 a4 Jan 2 49 4 Mar3
1,006 824 Feb 24 89 34 Jan 22
PHILADELPHIA
Ask
Bid
60
50
50
50
50
100
122 Jan '04
102 J'ne'03
114 3 o (t U 3
66*4 Feb'O^
13
13
100
i
03
13
102
96
the
Shares
Philadelphia Electric. 25
Phila Rapid Transit ... 50
'.'7
,
J-J
Philadelphia
American Railways.... 60
2 434 Jan 18
Cambria Steel
50 1,696 184 Jan C
700
Consol Lake Superior. .100
4 Jan 12
Do pref
100
14 Jan 19
3
640
Electrio Co of America 10
7 4 Feb 8
430 10 Jan 6
Gen Asphalt interim ctl's..
345 30 Jan 11
Do pref interim ctl's..
Lenigh Coal & Nav
148 62 4 Jan 14
50
Lehigh Valley
50 1,209 33 34 Feb26
Marsden Co
100 2,950
24 Mar 3
Pennsylvania RK
50 3,676 55 4 Mar 12
Philadelp'a Co (Pitts 0) 50 3,191 38 Mar 3
O
o
o
o
96
97
68
14 Sep
55 3s Nov
36 Oct
78 34 Jan
5
734
1834
Aug
174 Jan
36
Sep 44*4 6 Feb
Dec
Nov
Jan
4
47 34
Feb
9
Jan
34i*
18
Jau
Nov 404Jan
404 Sep 47 34 Feb
76 Oct 1164Jan
20 Aug 31 Mar
27 34
BALTIMORE
Chas Ry G & El 5s '99 M-S
Bid Ask
P
84
85
654 CharlC&Aext5s.'09 J-J 112
<fc
.
.
<fc
124 134
50
KeystoneWatchCase.100
14
Steel.
North Pennsylvania.. 50
Penn Gas Coal
60
Pennsylvania Salt
50
Pennsylvania Steel.. ioo
Preferred
100
Phila Co (Pitts) pref... 50
Phil German* Norris. 50
Phila Traction
50
Railways General..
10
Susqueh Iron & Steel. .6
Tidewater Steel
10
Preferred
..IIlO
24
80
43»4 44
150 152
Consoles 1923
J-D
Annuity 6s
J-D
Leh V Trac 1st 4a '29. J-D
Nat Asphalt 5s rects..
New Con Gas 5s 1948 J-D
Newark Pass con os 1930
NY Ph & No 1st 4s '39 J-J
Income 4a 1939. ..M-N
81
814
50
53
Inactive Stocks
Atlanta & Charlotte. .100
Atlan Coast Line RR 100
1064 1074 Atlan Coast L (Conn)lOO
102 14
Canton Co
100
10834 109
Georgia Sou & Fla..,100
1094 1094
1st pref
100
111
2d pref
100
1164 116 34 GB-S Brewing
100
122
Mt Vernon Cot Duck
139 13934* Unit Elec L & P pref. 50
1064
1124
1014
Anacostla
91
Consol 5ar 1919. ..Var
50
Warwick Iron & Steel. 10
West Jersey & SeaSh.50
Westmoreland Coal. ..50
;
Penn & Md Steel con 6s.
Pa & N Y Can 7s '06. J-D
Con 5s 1939
A-O
Con 4a 1939
A-O
44 Penn Steel 1st 5s '17 M-N
People's Tr tr certs 4s '43
P Co lst<fc col tr 6s'49 M-S
266
no sales on this day.
||
Loweat
la
34
24
33
Norfolk St 1st 5s '44. .J-J
4
35
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of indebt 4s
J-J
Bait C Pass 1st 5s '11 M-N
Bait Fundg 58.1916 M-N
Exchange 34s 1930 J-J
Refunding 3 48 1952J-J
1064 1074
1104
97
984
104 3
4
103 34
107411084
ex-dividend,
Bait
1st 6sml'll A-O
Bait Trac 1st 5s.. '29 M-N
No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Cent'l Ry conosl932 M-N
Ext& Imp
85
106
106
y Ex-rights.
t
113
1154
102 4
113
58.1932 M-S
Clias City Ry 1st 5a '23 J-J
$15 paid.
604 614
104
North Cent 4 4s 1925 A-O
6s 1904
Series
5s 1926
Series B 5s 1926. ...J-J
Pitt Un Trac 5s 1997 .J-J
Poto Val 1st 5s 1941.. J-J
A
J-J
J-J
101=8
118 4
111
110
.....
SecAvT(Pitts)5s'34 J-D
Sav Fla &West 5s '34 A-O 1124
09
69 4
Seaboard A L 4s 1950 A-O
Seab & Roan 5s 1926. J-J 106
South Bound 1st 5s.. A-O
:
Pot 5s
&P
110
103
&
lat 5s.
Incomes
Npt NcfeO P lat 5s'38 M-N
General 5a.. ..1941 M-S
50
100
70
Atl& Ch 1st 7. ..1907 J-J 108
Atlan C L RR4sl952M-S
924
954 No Penn lat 4a '36.. M-N 110 112
Deben 6a 1905
M-S
"4
Penn gen 6a r 1910. .Var
112
Conaol 6s o 1905. ..Var 1014
4
23,
Mt Ver Cot Duck
150
107 '4
220
Bonds
95 4
United N J RR AC "ioo 263
Unit Pow & Trans....25
United Trac Pitts
50
Bid and asked prices
Indianapolis Ry 4a. 1933
Interatate Rye—
3-3 4-48 1943
F-A
Lehigh Nav 44s '14. Q-J
RRs 48 g
1914. Q-F
Gen
44s g. 1924. Q-F
g
Leh V C 1st 5s '33. .J-J
LehV ext 4s 1st 1948. J-D
2d 7s 1910
M-S
M
10
00
Miuehill& SchuylH..50
Nesquehoning
60
N Haven Iron &
74
444 *4334 444
204
A-O
A-O
A-O
<fe
Intur Sm Pow <fc Chem.50
Keystone Telephone ..60
Preferred
20
*7
96
,
J-J
J-J
Sales
100
50
Seaboard Air Line .....100
Do pref
100
United Ry <fc Electric. 50
10
17
74
109
M-N
M-S
M-S
A-O
Friday
0/
Jan
"i
'04
.
Steel
Easton Con Electric... 60
Elec Storage Batt
loo
Preferred
100
Gernianlown Pass
50
Harrison Bros pref. ..100
Indianapolis St
100
•
No price
97
1
Low Hinh
.Y<.
128
'
i
100
97
Feb'04 *9 108
117
1173s Sale 1174 1174
1
934
92
934
83 Sale
824
1]
83
*24
104
104 Mar'04
104
107*4
107 >« Feb'04
107 4
101*4 Mar'04
101 ss
1014
J-D
1914 M
Gold 44s
1916 M
Gold debenture 4s
1917 F
Gold 4s
Western Teleph & Tel 58.1932 J
J
gen
4sl949
Wisconsin Cent 1st
Wisconsin Valley 1st 7s.. 1909 J
Boston Bonds.
Since
January
=5*
Sigh
Jan '04
97
128
100
108
Sale
Range
1910 A-O 110
2d 7s
E gen M 5 g '20. A-O 1164
Gen M 4s g 1920.. A&O 106 1054 City & Sub 1st 5a. .'22 J-D 113 4
City& Sub(Was)lst5s'48
904
Ph & Read 2d 5s '33. A-O 126
Con M7s 1911
102
J-D 1194 il'93; Col&Grnv Ist6s.l916 J-J
Consol Gas 6s.. .1910 J-D 1094
BetlUe Steel 6s 1998. Q-F 116 118
ConM 6s g 1911. ...J-D 113
1939 J-D 1114
Che & D Can 1st 6s '16 J-J
Ex Imp M 4s g '47. A-O 104 4 1054
5s
Choc <& Me 1st 5a 1949 J-J 1083, 1094
Con M of '82 4s '37.J-J 102
Ga & AJa 1st con 5s '45 J- 103
Ch Ok & G gen 5s '19 J-J 107
Terminal 5s g 1941 Q-F 1224 1224 Ga Car & N 1st 5s g '29 J-J 107
Georgia P 1st 6s. '22 J-J 120
Col St Ry 1st con 5a 1932
P W B col tr 4s '21.J J
Con Trac of N J 1st 5s. '33 1054
Rochester Ry con 5s 1930 1084 iii" GaSo Fla 1st 5s 1945J-J 113
3
474 47-4
E & A 1st M 5s 1920 M-N 111 4
G-B-S Brew 3-4s 1951M-S
S R E Side 48 interim ctfs 1034
194 20
Elec & Peo Tr stk tr ctfs
97
2d income 5s 1951 M-N
974
974 U Trac Ind gen 5s'19.J-J
Knoxv Trac 1 st 5s '28A-0 101
Elm & Wil 1st 6s '10. J-J 108 34
U Trac Pit gen 6s '97 J-J 112 113
11634
Eq II Gas-L 1st g 6a 1928 108*4
Welsbach s f 5s 1930.J-D
654 564 LakeR El 1st gu5s'42M-S 1164
MetSt(Wash)lst5a'25FA 116 34
H & B Top con 5s '25 A-O 103 4
BALTIMORE
Preferred
Lit Brothers
Little Schuylkill
....
74 Al Val E ext 7s 1910 A-O
34 AmRysconv5s 1911. J-D
514 51 34 Atl City 1st 5s g '19. M-N
45
46
Balls Ter 1st 5s 1926. J-D
Berg&EBrw 1st 6s'21 J-J
Steel
Diamond State
Ask
74
50
Bell Telephone
50
Cambria Iron
50
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Danville Bessemer... 14
Preferred
.
Consolidated Gas
Northern Central
Bonds
luactive Stocks
American Cement
10
&
37
3 13 18 3 13 16
PHILADELPHIA
Iron
12
36
294 304
844 844
Amer
4
84
334
664 664
58458i» 19
394 39 4
583b
14
36
664 664
364 3<>34
3634
4
5"l8 8»ie
1
•24
8
8
664
•14
'
7
8
8
34
35
20
20
7
4
•24
84
36»4
8* 6 18
683a
1905
1st 6s
Old Colony gold 4a
1924
Oreg Ry <fc Nav con g 4s.. 1946
1922
OregSh Line 1st g 6s
Repub Valley 1st sf 6s. ..1919
Rutland 1st con gen 4 48.1941
Kutland-Canadiau Ist4sl949
Savannah Elec 1st cons 5 8.1 952
1930
Seattle Elec 1st g 5s
1918
Torrington 1st g 5s
Union Pac RR & 1 gr g 4a. 1947
1911
1st lienoonv 4s
U nited Fruit conv gen 5s 1 9 1
US Steel Corp 10-60 yr 5s. 1963
West End Street Ry 4s.. ..1915
Stocks see beloio)
704 704
94
'7=8
12
66
March 31
»90
10
204
204
*
84"
704 704
"90
•94 10
*1634
^8
24
N Y& N Eng 1st 7s'""."'""l905
(For Bonds and Inactive
Friday
April 1
Ask Low
96
1907 A
1908 A
1915 A
6s
6a
5s
ACTIVE STOCKS
Thursday
Last Sale
..Jan 1939 J'ly
Baltimore
10
"734
:
Wednesday
March 30
March 31
J-J
Exchanges— Stock Record,
Share Prices—Not Per Centum Prices
Saturday
March 26
Maine Cent cons 1st 7s. ..1912
1912
Cons 1st 4s
Mara Hough &Ont 1st 68.1926
Mexican Central cons 4s. .1911
104*4 104*4
994 100
Week's
Range or
A-O
97
A-O 127
A-O
Jan 1939 J'l
2d cons inc 3s
Mich Telep cons 5s tr reo.1929 J
Minne Gen Elec con g 5s 1929 J
New Eug Cot Yarn 5s 1929 F
1906 A
New EngTeleph 6s
112*4 Jan '03
W
Registered 4s
117
Jan '04
107
10541064
110
deben 5s
1910
Non-convert debeu 6s. ..1913
1st
.1917
Sioux
C
7s.
la Falls &
Kan C Clin & Spr 1st 5s.. .192.')
Kan C Ft S<fc Gulf 1st 7s. .1908
1928
Kan C Ft Scott <fc M 6s
1934
Kan C M & B gen 4s
income
1934
5s
Assented
Kan C & Ry & Br 1st 5sl929
Illinois Steel
1st cons inc38
994 Mar'04
ii
110
117
Price
Thursday
Bid
J'ne'01
Feb '04
117*4 Feb '03
"8™ Sale
993s
8934
113
102
99 '4
99*4
97"b
87
'03
Feb '01
Mar'04
113
102
994
Low High
12 974 9834
110 884 94
•S&*
J/0
Feb'04
1124 Jan
Ill
January 1
"3 =c
M-S
M-N
Bost & Mon 3d issue 7s.
Boston Terminal 1st 3*38.1947 F-A
1918 J.J
Bur <fc Mo Riv ex 6s
1918 J-J
Non-exempt 6s
1910 J-J
Sinking fund 4s
1917 A-O
Butte & Boston 1st 6a
Cedar Rap <fc Mo R 1st 78.1916 M-N
1909 J-D
2d 7s....
Cent Vermt 1st g 4s.. May 1920
48.1905
extend
Burl
<fc
Q
Chic
1919 A-O
Iowa Div 1st 5s
1919 A-O
Iowa Div 1st 4s
1913 M-N
Debenture 5a
1922
F-A
4s
Denver Exten
1927 M-N
Nebraska Exten 4s
1921 M-S
B<ft S Wsl 4s
1949 J-J
Illinois Div 3 4a
Joint bonds See Gt Northern
Yds
68.1915
Chio Jo Ry & Stk
Coll trust refunding g 4sl94()
Ch Mil & St P Dub D 6s.. 1920 j-j
Ch M & St P Wis V div 6al920 j-j
Chic <fc No Mich 1st gu 58.1931 M-N
Mich gen 5s
1921 J-D
Chic &
Concord & Mont cons 4s.. 1920 J-D
Conn A Pass R 1st g 4s... 1943 A-O
1927 A-O
Current River 1st 5s
1st 4s... 1946 A-O
DetGr Rap<fc
1913 M-S
Dominion Coal 1st 6s
Eastern 1st goldOa
1906 .M-S
1915 M-S
Fitchburg 4s
1927 M-S
4s
. .
884
BOSTON STOCK EXCH'GE
WEEK ENDING APRIL 1
Since
98 34
923<
92
1134Fel>'o;<
99as
99
89
89
92 4 Sale
Atch <fc Nebraska 1st 7s. .1908
Atch Top & S Fe gen g 4s. 1995 A-O
J'ly 1995 Nov
Adjustment g 4s
Boston Elect Light 1st 6a. 1908 MS
or
'
1267
BONDS
Range
Week's
Price
"=.":
Bid
•
s
Boston Bond Record.
2, 1904.|
BON DS
BOSTON STOCK EXCH'GE
.
J
1
103 4
111
9234
111
90
UE1 L&P let 4 4s'29 M-N
Un Ry & El 1st 4s '49 M-S
J-D
Income 4s 1949
Va Mid 1st 6s 1906. .MS
2d series 6s 1911. ..M-S
3d series 6s 1916.. M-S
4th ser 3-4-5S 1921. M-S
5th scries 6s 1926. M-S
>4
79
81
90 34
52 4 5'J 4
103 4 104
110
90 36
:,
110
108
.
..
1104
934
(State) 3s new '32. J-J
D4
Fund debt 2-3a 1991 .J-J
J-J
113
West N C con 6s 1914
1164
J-J
1st
Og'll
C&P
WesVa
WU & Weld 5s.. 1935. J-J 115
Va
..
...
1
THE CHRONICLE.
1268
Investment and
[Vol. lxxviit.
Intelligent^
ffiaxttpafl
RAILROAD GROSS EARNINGS.
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.
The returns of the. street railways are brought together separately on a subsequent page.
Latest Gross Earnings
ROADS
Curl nil
Year
Week
or
Mo nl
'i
Ala <H Southorn. 3d wk Mar
AlaNOife Texas Pacific.
N O <t No East. lstwk Mar
Ala*
Vicksb'g
lstwkMar
Vicksb 81i it P lstwk Mar
Allegheny Valley aauary ..
Aim Arlior..
3d wk Mar
lulv
Latest Date
to
1
Year
)
54,221
50,471
2,237,055
40.000
23,000
23,000
41,000
1,712,401
Jfr.C.
32,-186
19,00(1
22, 000
UOADS
lrenous
Current
year
I'revious
or
1,918,766
it
& No
Vfanis
37,596
42.595
4,829,249 16,566,459 11,901,231 Millen it So'w'n.
254,550 2,068,953 1,859,080 Mineral Range..
454,668 Minneap it St T.
474,283
50,730
1
W&
H&E
S St M.
Mo Kan & Texas
Mo Pac & Iron Mr
Central Branch
Total
.
1
<fe
Mob Jack
<fe
K C.
Mobile* Ohio...
NashCh&
StL..
{NatTRRof Mex
Nev-Cal-Oregon.
Nevada Central..
N Y C & Hud
RU-
Y Out A West.
.V Y Susq & West
Norfolk A West'
ST
i)
Northern Central
North'n Pacific.
Nor Shore (Oal)..
Ohio Riv& West..
Pacifio Coast Co.
cPenn—EastPitt
eWestP &
E....
Pere Marquette tr
PhilaBalt&W'sh
Phlla
&
Erie
C C & St I.
Raleigh & O Feai
Pittsb
Reading RailwayCoal A It Oo.
Total Both Cos.
. .
Rich Fr'ksb & P .
Rio Grande Jet..
Rio Grande. So...
Rooklsl'dCo
St
St
St
Jos&Grl
L& San Fran g
L Southwest..
StLVan<feTH..
&N
San Fran
P..
Seaboard Air L..
Southern Ind
So Pacific Co b...
Central PaolHc.
Gal Har & 8 A.
Gal Houa<te No
GulfWT&P..
Morgan's L & T
N Y T&Mex ..
Louia'a West...
Oregon & Calif.
So Pac Coast....
So Pao RRCo..
8oPao33.Llues
Tex&NOrl
Southern RaUw'y
<& Ind...
Terre H &Peor..
Texas Central
TerreH
. .
Texas
<fc
Pad he.
TexS
V&N W
Tol
Ohio Cent
<fc
I ii
v
1
to
TolP& Wost
..
....
TolStL&AV
Ham &Bufi.
Virginia & So W'n
Tor
Un Pac System
.
Wabash
W Jersey & Sea'e
Wheel & LE
Wui'sport&N.Br.
Wisconsin Cent..
Wrightsv&T'n..
Yazoo <fe Miss. V.
Latest
Current
Previou*
Yea*
1
em
)
Putt
ions
ear
*
s
Manistique
Maryl'd & Penn.
785,575 {Mexican Cont'l.t
914,896
875,375 {Mexican I -i tern.
1.021,315
J/>r. 340,638
{Mexican Ry
l,405,00r 1,403,971 {Mexican South'n
JtStP
Month
197,340
02.602
52,
February
175,765
187,964
19.191
January..
425,35 2 13,896.754 12,074.722
3d wk Jan
590,574 4,547.438 4,60".
February
116,400 3,- 47, 5«>0 3,077.2(10
Wk Mar 12
07-, 179
709.9 15
21,776
2dwk Mar
33.250
4,360
38,801
February..
415,797
897,488
11,23
3d wk Mar
2,475,537
52,909 2.13
3d wk Mar
128,203 5,239,531 5,202,075
3d wk Mar
12.-19.210
293,381 13,123,713
3d wk Mar
31 wk Mar 738,000 605,000 30,886,841 28,117,682
834.100
20,000 1,350,000
33,000
3d wk Mar
3d wk Mar 771.000 691,000 32,236,841 29,001,7.-2
174,718
5,246
293.154
8,823
Wk Mar 19
3d wk Mar 123,063 148,679 5,632,245 5,403.255
3d wk Mar 200,242 194,468 7,336,271 6,771,121
3d wk Mar 221,02-2 212,246 8,153,012 7,191.193
130.076
129,881
7,643
8,940
February..
24.033
21,343
2,492
1,738
January ..
February.. 5,390,4 49 5,810,521 51,980,614 50,955,7 11
455,321 538,925 4,371,019 3,800,684
February..
225,039 259,965 1,089,222 1.53S.604
February..
January. 1,777,597 1,776,202 13,160.928 11,814, -08
February.. 719,579 716,379 6,6s7.0(i9 5,938,769
February.. 2,932,830 3,015.700 32,575,319 32,120,474
311,730
359,328
36,554
30,550
J anu *ry. .
121,272
115,079
13,161
14,295
January...
392,365 3,503,7-1 3,315,167
406.061
January...
February.. 3,345.424 3,229,524 79,290,416 77,040,116
inc. 1.93 4,500
Inc. 28 7,100
F binary..
3d wk Mar 226,850 226,831 8,126.627 7,908,823
945,416 925,116 8,927,394 8,513.294
February.
419,179 547,962 4,622,363 3,952,735
January .
February. 1,784,986 1,649,124 16,343,904 15,254,012
30,290
3,001
January..
February.. 2,574,171 2,794,984 22,751.869 19,725,864
February.. 3,4 29,204 2,977,386 22,147,733 12,580.-73
February. 6,003,375 5,772,370 44,899,602 32,312,737
684,930
780,101
104,465 111,143
January .
352.755
374,609
45,522
44,810
January..
413,158
337,400
8,282
8,830
3d wk Mar
January... 3,478,079 3,833,290 28,446,005 27,494,793
809,779
809,535
118,238 141,020
January...
January. 2,911,360 2,759,430 21,753,716 18,954,082
3d wk Mar 133,584 124.999 5,841,537 5,414,807
190,225 184,977 1,019,772 1,562,804
February,
877,065
74,341
931,263
74,972
February.
3d wk Mar 287,030 232,161 9,574,304 9,098,924
591,555
70,823
866.960
97,207
February..
January. 7.118,840 7,002,040 56,880,401 52,985,552
January... 1,460,659 1,349,578 13,775,430 12,847,305
580,584 593.810 4,221,191 4,014,019
January...
696,201
99,724
807,199
77,226
January...
106,023
12,547
96,570
10,300
January...
161,517 161,821 1,144,280 1,168,165
January...
January .. 417,904 473,036 2,990,794 3,013,301
292,660
288,262
36,645
30,084
January ..
January... 312,659 288.974 2,576,550 2,344,219
565.161
661,749
70,159
65,523
January...
January .. 2,619,233 2,503,802 19.658,844 17,932,714
Jauuary.
453,189
3,405,692
January...
302,477 287,550 2,253,290 1,917,719
3d wk Mar 906,538 898,424 33,208,951 30,852.471
February.
161,657 146,139 1,408,063 1,248.105
396,306
42,006
430,089
February
50,155
462,248
9.725
595,904
3d wk Mar
11,318
3d wk Mat- 210.372 219,086 9,302,856 S, 025,053
109,100
9,900
February..
9.800
108,284
3d wk Mar
64,030
59,695 2.670,624 2,297,374
8 98,905
966,192
3d wk Mar
25,726
26,733
55,293
50,356 2,073,056 2,027,322
3d wk Feb
410,121
331,162
lstwk Mar
14,098
10,748
January .. 4,093,778 3,824.128 3 1.085,165 30,389,149
41,466
43,492
388,752
February..
422,883
3d wk Mar 400,082 394,486 16,728.274 15,136,296
February.. 220,644 210,944 2,957,060 2,725,960
76.278 3,162.488 2,970,441
3dwk Mar
88,456
January...
11,244
14,973
101.853
110,544
118,700 126,511 4,693,461 4,691,231
3 i wk Mar
February..
15.819
18,183
120,840
L28.72S
February..
732,690 580,762 5,517,558 5,050,358
Fas' January
1,557,076
69,164
95,620
14,624
9,37(
Bait <t Ann ST January...
Bait <fc OUio
February 4,634,806 4,481,472 43.161,175 40,976,291
997,780
Bangor & Aroost January... 155,081 132,475 1,141.700
41,044
46,961
5,089
6,009
Bellefonte Cent'l February..
27,20 1
30,776
3,355
4,972
Bridgt A Saco K January...
139,49.-) 5,423,653 5,254,106
Bull Roclicfc Pitt* 3d wk Mar 142,342
661,036
62,833
649,53
Bullalo itSusq... February..
72,547
49,100
43,700 2,256,400 1,548,550
Canadian North.. 3d wk Mar
Canadian Paeltk 3d wk Mar 819.000 840,000 32,707,949 30,907.653
Cent'l or Georgia 3d wk Mar 194,500 178,750 7,152,668 6.956,735
Cent'l of N Jersey February. 1,553,503 1,020,532 14,233,077 12,016,778
Central Pacific. January .- 1,460,659 1,349,578 13,775,430 12,847,305
2,298
81,513
86,661
2.031
Ohattan South'n. 3d wk Mar
Chesap & Ohio.. February.. 1,440,088 1,340,929 12,642. OS 10,481,290
90S, 103
840,899 6,985.819 6,033,754
Ohiccfc Alton Ry January...
ChioGt Western. 3d wk Mar 156,859 147,695 6,102,466 5,614,267
95,020 105,292 3,821,002 3,569,713
Chic 1ml <t L'v... 3d wk Mar
Chic Milw <fc 3t I February.. 3,411.192 3,391,355 33,267,2S8 32,067,472
Chic it North W 1j February. 3,709,125 3.497,399 36,728,075 32,551,471
Chic St P M & O February.. 773.53S 836,511 8,151,467 8,298,197
25,912
Chic Term Xr KK 3d wk Mar
34,077 1,142,669 1.256.114
Cln N O & T Pac. 3dwk Mac 121,027 109,228 4,823.888 4,176,934
Cl (Jin Oil & St T, February 1,464,808 1,371,170 13,903,359 13,186,067
Peoria <fc Fas t'n February
233,240 219,207 2,003,323 1.876,047
Colorado <t SouU. 3d wk war 1 00,050 117,512 4,384.530 4,454,271
ColNewb & Lau. January ..
23,137
15,810
137,429
109,411
Copper Range
38,030
317,840
210,675
26,293
January ..
Cornwall
4,203
46,303
5,934
54.091
January...
Cornwall <&Leb.. January...
14,257
146,548
144,723
17,098
Cumberl'd Valley January... 149,750 125,193 1,291,195
842,194
Denv. & Rio Gr. /
Rio Gr. West. 5 3dwk Mar 271,200 296,100 12,061,005 12,701,655
Det & Mackinac February.
73,913
76,004
641,281
589,393
Detroit Southern. Sdwk Mar
29,541
30,272 1,169,542 1,115,902
DulSoSh&Atl.. 3dwk Mar
46,194
54,000 1,862,888 1,967,137
Brie ..
February.. 2,998,800 3,858,241 29,801,902 29,102,113
Evan"sv"& Til!" 3d wk Mai
32,895
31,896 1,308,618 1,250,753
F'rohild & N'r'e'ii February.,
3,308
3,329
23,429
26,855
Farmv& Powhat January...
6,638
5,788
47,085
45,179
Ft
Denv City January .. 183,845 221,305 1,673,988 1,591,803
Georgia RR
January .. 211,580 200,150 1,461,970 1,383,980
Ga South & Fla.. Feoruary.. 149,964 142,806 1,153,720 1,063,526
Gila ValG A N.. January ..
29,078
30,920
235,533
179,385
Gr Trunk Syeteui 3d wk Mar 610,366 702,536 24.33 7,440 23,838,890
GrTr. West' n. '2d wk Mar 108,469 117,511 3,733,786 3,432.009
DetGr H&M.. 2dwk Mar
17,500
25,729
921,064
874,414
Great Northern.. February. 2,056,738 2,2a4,733 27.418,174 27,558,258
Montana Cent'l February.. 184,604 154,354 1,463,831 1,371,590
Total system. February.. 2,241,342 2,399,087 28,882,005 28.929,848
Gulf&ShipIsland 3d wk Mar
33,69
32,553 1,342,442 1,221,510
Hooking Valley.. 3dwk Mar 111,590 109,910 4,349,849 4,137,968
Hous A Tex Cent January .. 418,280 460,339 3,461,608 3,358,251
W.Texas. January ..
69,903
81,363
519,274
555,001
Hous&Snrevep't January ..
16,514
19,041
124,142
144,551
Illinois Central.. February.. 3,735,996 3,465,285 31,419.548 29,300,131
Illinois Southern February..
25,573
10,148
152,074
102,00 L
Indlll & Iowa... February..
143,341 148,814 1,038,031 1,159,776
Int A Gt North'n 3d wk Mar
82,626 I 86,453 4,431.949 4.133,500
tlnteroo(Mex)... vvii Mar 12 117,000 L 89,700 3,957,280 3,578,365
Iowa Central
.'id wk Mar
48,167
50,164 1,755,130 1,799,935
Kanawha &Micb 3dwk Mar
28,630
23,419 1,194.132
306,592
Kan City South'n January... 563,053 538,880 3.849,364 3,606,604
LakeErie&Westn February.. 346,765 356,845 3.472,005 3,189,760
Lehigh Val RR.. February.. 1,990,896 2,353,304 19,285,925 15,945,427
Lexlng it East'n. Jauuary...
38,713
43,243
389,489
319,775
Dong Inland
January ..
Dec. 2 4,819
Inc. 302 ,218
Louisiana it Ark. January...
58,521
50,356
371,408
293,343
Louisv Hen&stL December.
458,489
411,597
Loulsv <& Nashv 3d wk Mar 721,600 706",3l6 27,227,379 25,448,901
Macon & Blrm... February12,246
12,198
Man'teeitGr.iiai January...
12,420
8,550
52,061
81,287
Current
Year
Wee.it
tar
8 Fe. February.. 5,346,860
Atlanta & Char.. January... 307,552
52,195
Atl KnoxY A No February..
53,188
Atlantic & Blr. o February..
Atl Coast Tine.
February.. 1,814,949 1,638,399 13,218,232 12,520,137
Atcli Toil
Latest Gross Earnings
43,111
6.496
18,336
513,539
593,5
128.200
23,731
0,138
11,766
51,904
112,255
308,308
.
35.9S0
3,339
240,424
!
ti
.
.
.
VABtlOUS FISCAL YEARS.
ROADS
Gross learnings
Allegheny Valley
Jan.
Atlanta & Oliarl Air Line.. Mar.
I
Atlantic it Birmingham «
Bellefonte Central
Chicago & N01 tb w am...
Cine si P .Minn ,v- Omaha..
t
Dec.
Jan,
Juno
Jan.
Cumberland VaUej
Jan.
International &Gt North'n Jan.
Lake Erie >v M estern
Jan,
Manistee & North Ea
Jan.
jM.iinsi [que
Jan.
Maryland
<t
Pennsylvania Mar.
Missouri Pacific
Central Branch
Total
(Mexican
(
Central
1
Mexican International
..
Jan.
Jau.
Jan.
Jan.
Jan.
M
'%5
1 to
to
l to
1 to
1 to
1 to
1 to
1 to
to
1
I to
1 to
1 to
1 to
1 to
1
to
to
1 to
1
1
Jan.
Jan.
Feb.
Decrease.
3,130,452
171,561
10,018
Feb
Feb.
Feb.
Jan.
4
Mar. 21
Feb. 29
Jan. 31
Feb. 29
Jan. 81
Mar. 21
Mar. 21
Mar
21
Jan. 2
Feb. 29,
*
ROADS
Current Year Previous Year
1,525. -o;
1,693,216
149,750
1,090,7 11
710,504
48,141
12,
290,583
8,870.557
388,000
9.-0
1,432, 70
1
1,176,105
$37,596
2.199,210
Current Year Previous Year
Gross Earnings
{Mexican Railway
[Mexican Southern
Jan. 1 to Mar. 12
Apr. 1 to Mar. 11
[National KK of Mexico... Jan.
to Mar. 21
11,132 Northern Central
Jan.
to Feb. 00
Mar.
36,554,839 North Shore
to Jan. 31
l'enrisv., Bast Of P & E... Jan.
1,795.870
to Feb. 29
125,193
Ian.
eWesI of
to Feb. 29
1.155.860 Pere Marquette
to Mar. 21
u Jan.
729,1s, Phlla Haltiuiore & Wash.. Jan.
to Feb. 29
35,980 Philadelphia & Erie
to Jan. 31
Ian.
9,299 Pitts Chi Chio
to Feb. 29
St Louis.. Jan.
J
unction
Rio Grande
265.81
to Jan. 31
Deo.
8,44 3,937 St L Vandallu & Terre
Nov.
to Feb. 29
'JO l.OOO Torre Haute & Indianap .. Nov.
to Feb. 29
8,704,937 Terre Haute <fc Peoria
Nov, 1 to Feb. 29
Texas A; Pacific
1,292.9;!
Jan. 1 to Mar. 2
1,234,907 West J ersey
Seashore. . J an. 1 to Feb. 29
<
P&E
&
l
H
. .
1
1
&
.
$1,179,200
1,022,820
2,566,375
1,410.915
0O2.33l!
16,819.298
Decrease.
2,077.109
1,901.350
419,179
3,624.928
97,918
771.912
663,850
203,886
2,793.0 12
421,354
$1,116,800
934,474
2.215,206
1,574,515
505,151
17,796,698
45.600
2.243,010
1,972,856
547,962
3,533,670
88,121
758,572
609,046
191.234
2,606,824
409,854
ul
Mexican Gulf are included from Maroh l, 1002.
trans-Missouri lines
{Mexican currency.
II Inoludes
^nter8
l length
since jfeb. ^ra
lb, ?a
1903,
making
of road on which earnings are now reported 7,357, against 5,876 tutles previously, b Includes the Hous. <fc
j.ex. uout. and its subsid. hues in both years and for both
periods.
e Covers lines directly ouerated.
Chicago <fc Eastern
</ luoludes tinllKlll '"nK Sav. Flor. & West, and also Florida Southern and Sauford & St. Petersburg Rys. in both years.
y il.K\ ,.
to Init
% k
c
r10
R
v
K
tl
on
J
*
a
botu
veins.
„*
*
Approximate for June.
01
':
a These figured are rdr the consolidated company,
%?*»:
y,\.
,
",,f,?
£,VV
Including
Tifton Thoav. i /Gulf
andJ Tit ton A Northeastern
,
1
1
'
£
r
'
'
-
f
&
-
a
Apr.
—
.'
Latest Gross Earnings by
votek of
Previously
Alabama
v»t.
1904.
March.
repM
i23rMfl
rtoaihein
Chattanooga Honthern.
Ohio. lndian'lie&Louisv.
Oln. N. O. & Texas Pao..
Oolorado & Southern...
Duluth 80. Shore A At..
Gr'nd Trunk of Canada 1
Grand Trunk West . . >
Det. Or. Hav. <fc Milw.
Hooking Vallev..........
Louisville
A
Nashville
..
Minn. St. P. AS. Ste. M..
Mo. Kansas <k Texas. ...
Mob. Jackson A K. City Ti
Mobile &OI1I0
Bio Grande Southern.
.
Toledo Peoria
.
THE CHRONICLE
2, 1904.|
Weeks.— For
& West'n
|
1903
m
158,034
3,750
15,750
•
$
4,205.539
54,221
194,500
2,298
95,020
121,027
100.050
29,541
46,194
4,114,003
50.471
178,760
2.031
105,292
1 09.2* 8
117,512
30,272
54,000
610,366
702,536
•••
83,692
111.590
721,600
11,766
112.255
308.308
8.823
123,063
8.830
287,030
906,538
11.318
25,726
32.553
109,910
1,139
1,680
21,290
8,129,295
5,246
148,679
8,282
282,161
898,424
9,726
26,733
8,117,941
—
Net lnorease (0-14 p. c).
H Figures are lor week ending March 19.
both j ears.
Decrease.
8
oS,498
267
10,272
11,799
17,462
731
7,806
»••
92,170
530
15,948
15,924
3,677
25,616
548
4,869
8,114
1,593
,,
AWash.bFeb.
Net Earnings.
Current
'rerious
Year.
Year.
Year.
$
$
$
945,416
925,116
Jan. 1 to Feb. 29.... 1,901,356
1,972.856
Bio Grande South. bFeb.
35,299
39,466
July 1 to Feb. 29.
312,507
386,313
Southern Rail way 8yst.—
Southern Ballw a Feb. 8.779,895 3,384,428
July 1 to Feb. 29....30.513.324 23,212,476
Mobile AOhio.a.. Feb.
683,642
676,682
July 1 to Feb. 29.... 5,248,308 4,977,895
Cln. N. O.&T P.a.Feb.
522,293
458,533
July 1 to Feb. 29.... 4,457,868 3,857,780
Ala. Gt. South a.. Feb.
258,882
205,565
July 1 to Feb. 28.... 2,075,499 1,777,062
Ga. South. AFla.a Feb.
149,964
142,806
July 1 to Feb. 29.... 1,153,720 1,063,526
230,408
Toledo A O.Cent.a. Feb.
247,745
July 1 to Feb. 29.... 2,480,077 2,108,688
Feb.
Wabash, b
1,522,941 1,516,612
July 1 to Feb. 29.. ..15.661,082 14,034,651
220.644
W.Jersev & Beaeh.bFeb.
210,944
421,354
409,864
Jan. lto Feb. 29....
423,397
440,337
Wisconsin Centr'l.bFeb.
July 1 to Feb. 29.... 4,352,261 4,328,339
—
.
."
Year.
$
84,813
184,196
11,856
132,543
1,021,336
8,768,533
258,628
1,753,048
129.850
1,023,246
43,809
451,001
39.206
300,275
34,958
647,082
146,161
3,747,482
5,084
def.24,812
59,048
1,380,766
146,318
386,796
19 490
198,'77»
793,625
7,945,765
262,555
1.706,129
113,973
962,031
42,405
444.951
24.614
286,043
17,126
402,440
300,016
3,925.873
11,784
def. 6,612
113,891
1,560,798
a Net earnings here given are after deducting taxes,
1.007
248,864
237.510
11.354
Includes Iron Ry. in
this kind will be found in the Cheoniolb of Mar. 19,
1904. Ti« next will appear in the issue of Apr. 23, 1904.
Net Earnings.—.
Gross Earnings.
Current
Previous
Current
Previous
Tear.
Year.
Year
Year.
'&
ft
A
ft
Boads.
Atoh.T.&s. Fe.b. Feb. 5,346,860 4,829,249 tl,987,724 tl,727.520
July 1 to Feb. 29... 46,566,459 41,901,231 U8363078 U6683664
sAtlaotlo&B. "Ji/.a.Feb.
53,488
8,804
Deo. 1 to Feb. 29....
171,561
38,717
uAtlant. Coast L.a.Feb. 1,814,949 1,638,399
717,225
567,578
July lto Feb. 19.. ..13,218,232 12,520,137 4,912,001 4,182,171
Bufl. R.&Plttbs.b.Feb.
494,520
535,985
172.574
200,451
July 1 to Feb. 29.... 5,020,256 4,835,621 2,131,551 2,071,286
Buffalo 4 8'squeh.aFeb.
62.833
72,547
12,785
28,676
July 1 to Feb. 29....
649,534
661,036
221,418
300,259
Canadian Pacific. a. Feb. " 2.541,862 2.827.295
82,541
742,741
July 1 to Feb. 29... 30,344,949 28,490,653 9,108,242 10,455,696
Oent. of Georerla.a.Feb.
884,466
114,990
86.595
848,147
July 1 to Feb. 19... 6.564,668 6,361,784 1,584,657 1,671,266
Ohesap. & Ohio. b.. Feb. 1,440,088 1,340,929
440,224
436,114
July 1 to Feb. 29.... 12,642,081 10,481,290 4,248,922 3,513.202
Ohio. M. & St. P.
Feb. 3,411,192 3,391,355
973,038
753,515
July 1 to Feb. 29.. 33,267,288 32,067,472 12,164,547 11,680,142
Cl.Oln.Chlc.&at.L.aFeb.
1,464,808 1,371,470
149,856
241,787
July 1 to Feb. 29... 13,903,359 13,186,067 2,649,627 3,033,996
Peoria* Eas'n. a. Feb.
233,240
219,207
49,094
47.169
July 1 to Feb. 29.... 2,008,823 1,876,047
441,761
875,337
Oolor'do&South.b.Feb.
399,120
451,735
d82,477
d78,711
July 1 to Feb. 29
4,089,064 4,128,886 d!104,758 dJS2,439
—
Roads.
Phi). Bait.
Met Earnings Monthly to Latest Dates.— The table follow*
ing shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, Including all
roads from which monthly returns oan be obtained, is giver
once a month in these columns, and the latest statement of
—
—Current
Gross Earnings. —
Previous
.
and shows
same week
Increase.
700,310
11.236
128.203
292,384
1269
the third week
of March onr final statement covers 47 roads,
0*14 per oent Increase in the aggregate over the
last year.
3d
—
.
*
.
Oumberland Telephone &
Telegraph Co
Feb.
319,591
277.770
114,422
139,252
Dul. Bo.Bh.&Atl.b.Feb.
171.758
184,990
30,008
55,599
July 1 to Feb. 29.... 1,787,650 1,813,192
654,568
538,098
Erle.a
Feb. 2,998,800 3,353,241
267,911
952,489
July lto Feb. 29.... 29,801,902 29,102,113 7,287,910 9,373,595
Fairohlld&N. East. Feb.
1,256
8,308
3,329
1,472
July 1 to Feb. 29.
23,429
26,855
7,131
6,315
Hooking Valley. a..Feb.
401,928
373,077
107,480
101,303
July 1 to Feb. 29.... 4,019,110 3,789.920 1,342,702 1,805,363
Cnd. Til. & Iowa. a. .Feb.
148,341
148,814
42,067
29,313
July lto Feb. 29.... 1,038,081 1,169,776
319,130
204,645
Iowa Central. a.. Feb.
1-13,058
190,649
180,763
r50,Q07
July lto Feb. 29.... 1,613,469 1,651,347 r223,440 r299,294
Kaaawha&Mioh.aFeb.
113,399
105.086
6,907
315
July 1 to Feb. 29.... 1,107,587
80,322
733,029
130,122
Lehigh Valley RR.—See detailed statement below
Lou. Hen. & St. L.—
July 1 to Deo. 81
458,439
137,575
411,597
144,798
Manistee A No. E.a. Jan.
18,405
43,141
24,166
35,980
c Mex. Intern»t'l...Feb.
228,298
693,542
690.574
244,675
Jan. 1 to Feb. 29
471,975
1,176,165 1,234.967
478,189
Mexloan Tel'phone. Jan.
23,401
13,362
8,558
21,487
Mar. 1 to "Jan. 31
1041,470
251,634
224,954
122,484
Mineral Range. b... Feb.
def.761
833
45,859
41,107
July 1 to Feb. 29...
55,377
384,513
34,794
364,311
Minn. <fe St. Louis. a. Feb.
V69,601
178,770
199,642
v48,242
July 1 to Feb. 29... 1,980,911 2,310,953 V784.356 v893,583
M. St. P,<k 8. 8. M.b.Feb.
167,492
389.207
438,137
103,056
July lto Feb. 29... 4,908,859 4,889,278 2,411,708 2,454,764
cNat'l RR. of Mex. Feb.
262,967
294,905
931,321
823,546
Jan. 1 to Feb. 29... 1,903,706 1,632,789
482,447
544,111
N. Y. Ont. & West.aFeb.
159,652
63,922
538,925
455,321
July 1 to Feb. 29... 4,371,049 3,800,684
y &D r^EV
958,328
N. Y. Bus. & West.a Feb.
124,422
79,133
259,9*45
226,039
July 1 to Feb. 29... 1,689,222 1,638,604
598,546
640,308
Northern Central.bFeb.
82,984
62,984
716,379
719.579
Jan. 1 te Feb. 29..., 1,416,915 1,574,515
287,112
98,612
.
f
Setearnlnpts here given trfi be'ore deducting taxon
c These figures are In Mexloan ourrenoy, and are convertible into
gold at the current rate of exchange.
d Net, after deduotlng taxes, is $63,600 and $60,653 for 1904
and 1903 respectively for February, and from July 1 to Feb. 29 net
is $931,969 this year against $837,979 previous year.
j These figures include results on the Buffalo <fc Allegheny Valley
Division In both years.
r For February additional lnoome Is $48 this year, against
From July 1 to Feb. 29 additional Income this
$976 last year.
year is $43,409 against $59,321 last year.
8 These figures are for the consolidated company, lnoludlng the
Tlfton Thomasvllle & Gulf and Xl f ton A Northeastern.
u Including earnings of Savannah Florida A Western In both years
and also Florida Southern and Stanford & St. Petersburg Ry. in both
fc
years.
v For February additional lnoome is $11,324 this year, against
$7,590 last year. From July 1 to Feb. 29 additional lnoome is
$95,983 this year, against $116,312 last year.
t For February, 1904, taxes and rentals amounted to $203,036,
against 8188,217, after deduotlng which net for February, 1904, waB
$1,734,688, against $1,539,303. From July 1 to February 29, 1904,
taxes and rentals amounted to $1,539,880 this year. agst. $1,423,087
last year, after deduotlng which, balance is $16,823,198 this year
against $15,260,577.
interest Charges and Sarpius*— The following roads, In
Addition to their gross and net earnings given in the foregoing, also report charges for interest, Ac, with the surplus
above or deficit below those charges
-
Roads.
Atlantlo&Birm
Feb.
Deo. 1 to Feb. 29....
Buffalo AS'squeh.Feb.
July 1 to Feb. 29....
Olev.Cln.Ch.&Bt.L.Feb.
July 1 to Feb. 29....
Peoria & East.. ..Feb.
July 1 to Feb. 29....
Cumberland Telephone &
Teleg. Co
Feb.
Dul. 80. 8h.
& Atl...Feb.
July lto Feb. 29....
Hoeklng Valley
Feb.
July 1 to Feb. 29....
Indiana 111. & la... .Feb.
July lto Feb. 29....
Kanawha AMioh... Feb.
July 1 to Feb. 29....
Manistee A No. E... Jan.
Mineral Range
Feb.
July 1 to Feb. 29
N. Y. Ont. & West... Feb.
July 1 to Feb. 29....
Rio Grande South.. Feb.
July lto Feb. 29....
Mentals, elc.-^x ^—Bal. of Net Earn'gs.—,
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
$
9,167
def.363
28,875
12,842
*10,857
*20,279
12,237
12,256
*232,398
*263,197
98,220
98,828
240,365
237,348 def. 90,509
4,389
1,904,515 1,892,209
745,112 1,191,786
83,688
33,688
13,481
15,406
269,506
269,606
105,831
172,245
20,696
88,642
706,138
77,569
602,952
17,834
142,667
20,457
164,257
6,409
9,447
76,009
26,988
88,642
706,133
82,699
676,589
17,834
142,667
18,092
124,742
6,050
9.697
78,073
g56,530
g454.113
g64,474
g*99,567
118.556
87,434
*df.56,424 *df.32,182
Mf.188,687 *df.46,284
*34,361
*24,276
*1,028,390 *1,045,827
11,479
61,978
24.233
176,463
*df,19,631 *df.l0,651
*df.29,440 *df.89,887
17,757
12,365
*def 8,450 *def.9,976
*df. 40,081 *df. 21,013
7,892
504,215
95,378
426,022
*2,305
19,033 *def.5,945
17,833
*54,379
144,741
154,009 *def.5,976
*8,413 *df. 27,612
t'oledo&OhioCen.,Feb.
38,595
46,120
*94,410
*301,178
320,578
315,673
July 1 to Feb. »....
Wisconsin Central.. Feb.
145,389
146,130 *df.82,570 Mf.30,646
'414,333
*248,878
July 1 to Feb. 29.... 1,167,075 1,172,947
* After allowing for other Income received.
s These are net charges after allowing for other lnoome
Lbhigh Valley Railkoad Company.
February.
1904.
1903.
>
,
July 1
1904.
$
$
$
GrosB earnings
1,990,896 2,353,304 19,285,925
Operating expenses ....1,433,894 1,543,880 12,392,590
received.
to Feb. 29.
—
1903.
$
15,945,427
12,445,397
657,002
11,023
809,318
37.038
6,893,32j9
385,812
3,500,030
274,525
568,025
taxes (est.) and
479,995
other deductions
57,667
Addlt'ns&lmprovem'ts.
840,866
7,279,141
8,774,655
497,369 3,894,309
461,333
67,000
3,953,852
836,000
Net earnings
Other income
Totallnoome
Int.,
Total deductions....
Pennsylvania—
^
Line e direotlyoperated
Netineome
Jpast of Pitts.&E.Fee.
Net ino. Lehigh Val. and
8,345,424 8.229,524 1,310.462 1.318,802
JJan. 1 to Feb. 29. ..16,819,298 17,796,698 2,454,996 3.681,496
Westof Pitts. AE.Feb.
Deo. 208,300
Ino. 287.100
Deo. 592,600
Jan. 1 to Feb. 29....
Dee. 45,600
Int.,
Current
Oth. oontr'U'd coal cos.
Total net income....
537,662
30,363
4,789,852
564,369 4,355,642
g
f
=.
281,987 3,923,499 df.1,015,297
104,174
313.714
851,675
368,694
134,5**
595.J01
3,475,174
df.646,603
.....
—
6....
....
j
THE CHRONICLE
1270
Vol. lxxviti.
—Ourrent
Gross Earnings. —
Previous
HTREET RAILWAY* AND TRACTION COMPANIES
Latest Grost Earning*. J an. 1 to Latett
Gross
Prev'xu
Our'nt
WttK or Mo Year.
EaJKJCINGS.
Albany & Hudson
American R*ys. Co.||.
Aur. Elgin & Chlo. Ry
Blnghamton 8t. Ry.
February
. . .
.
Febrnary..
February
February
Boston & Woroester.. January ..
4,611
Bnrllngt'n (Vt.)Trao. February.
Cal. Gas & Electric. January .. 276.513
34,634
February
Cent. Penn. Traot.
Chicago <fc Mil. Eleo. February.. 18,047
Cln. Da-ton ATol.Tr. December. 36,931
Cln.Newp. A Coving.
February..! 94,476
Light <fe Traotlon.
.
.
.
. . .
&
9
9
4,424
.
.
Citizens' Ry.
Year.
16,371
DaU
35,975
192,619
42,457
32,628
14,115
34,881
171,690
31,788
"9,415
32,734
10,644
36,452
9,664
276,513
70,792
37,034
514,779
22,679
463,120
86,262
193,797
180,475
7i',686
7.704
8,381
7,704
8,381
(Musoatlne, Iowa).. January ..
649,490 688,717
Cleveland Eleotrlo. .. February.. 317,399 328,088
27,456 25,235
52,183
55,307
Cleve.A So.W.Xr.Co.. February
11,685 11,522
23,425
23,680
Cleve. Palnsv. & E... February
Dan. Urb. & Champ.. February.. 55,208 40,803
"6.745
"7.476
6,745
7,476
Dart. & W'port St.Ry January ..
802,256 808,686
Detroit United Ry..n 3d wk Mar 72,158 72,492
Duluth Street By .. 3d wk Mar 11,010 10,772 118,587 114,861
Deoeraber. 13,041 12,112
201,644 189,780
East. Ohio Traction
87,122 64,755
East St. Louis & 8ub. February.
38.131 30,023
63,277
67,825
Elgin Aurora A Sou. February.
Havana Eleo. Ry. Co. Wk Mar.27 [31,552 24,046 {385,699 J314.294
86,262
180,475
38,115
77,537
85,019
71,294
55,208
21,101
597,386
2,879,051
32,140
14,142
172,085
11,409
40,803
17,302
20,946
7,514
86,776
1,108,710
14,640
4,980
32,030 def. 4,767
15,042
5,248
154.704
62,592
12,132
1,501
5,778
7,222
61,456
8,641
&
Jaoksonv. Eleo. Co. Feb.
Kan. City Ry.A Lt.aFeb
June 1 to Feb. 2«
Lake Sh. Eleo. Ry.aFeb.
Lond.8t.Ry.(Can.)aDeo.
Jan. 1 to Deo. 31
Month
of Jan.
A
Passenger
Virginia
Power System—
A Pow. b Jan.
Rich. Pass. A P. b. Jan.
Rlohm'nd Traot.b Jan.
54.723
33,322
23,443
Va. Pass.
27,671
7,957
4,735
a Net earnings here given are after deducting taxes.
b Netearnlngs here given are before deducting taxes.
Interest Charges and Surplus.
,
29.881
14.430
189,314
13,140
31,049
14,825
18,862
13,140
31,049
7,108
U27.437
296,970 291,490
296,970
291,490
Interur.8t8ys.(N.Y.) Deoember.
d 11185,580
Jacksonville Elec.Oo. February.. ii'.ioi 1.7,302
V2.879.051
Kansas City Ry.A Lt. February- 297,386
Lake Shore Eleo. Ry. February.. 32,140 32,030
Lake Street Elev.c . February- 61,937 62,230 126,005
Lehigh Traotlon
February
9,570
8,799
19,587
Lehigh Val. Trao. Co.
46,270 50,040
February
Street Ry. Dep
Electric Light Dep. February- 14,779 14,333
February . 21,493 18,836
Lexington Ry
9,316 10,716
LondonSt. Ry.(Can.) February
20,725
6,850
5,784
Mad. (Wis.) Traotlon. Febrnary
13,864
346,896
Met. West 81de Elev.. February.. 172.656 168,831
497,814
Mil. Eleo Ry.A Lt. Co February 239,702 218,243
Mil. Lt. Heat A Tr. Oo. February
27,673 25,304
57,734
Montreal Street Ry.. February 168,685 141,800 352,393
d 10871,763
tt 27,4 87
13,810
284,319
14,430
27,333
11.958
5,790
Internat'l Traot. Co.
January
..
.
Ft.
Wayne
February-
Street Ry. Depart.. February
Eleotrlo Light Dep. February
11,278
.
.
j
i
December.
Union Tract. January ..
Rys Co.Gen.— Roads. February
Affiliated Corpor's.
Light Go's
Rochester Railway
Rookford Belolt
..
A
12,049
17,409
'Febiuary.
1,970
(February.. 109,376
22,848
11,948
348,626
461,582
53,427
313,943
12,037
17,074
2.178
95,988
4,021
8,758
116,590
72,964
214,946
94.511
r76,583
13.625
11,839
23,002
8,643
113,488
56,747
207,145
80,171
16,313.791
18,778,036
12,049
12,037
36.056
4,177
197,675
34,799
4,018
222,428
10,873
11,426
13,422
8,014
February.
7,524
8,055
14,987
16,265
February 563,258 476,662 1,128,356 1,004,532
Louis Transit
.
San Bernardino Val.
Traot. Co
January..
Ban Fran. Oakland A
Jose
San
January..
9,576
9,576
30,048
30,048
8ao Paulo (Brazil)
L't
Tram.
A Po. Oo. Feb nary 118.000 99,319 241,354
Savannah Elect. Oo. January .. 39,734 38,522
39,734
Boranton Rallwav... 'Deoember. 72,308 58,708 827,778
Seattle Eleotrlo Co... 'January .. 189,813 174,066
189,813
South Side Elevated. February.. 130,978 128,348 266,759
Sprlngfi'dAXenlarr. WkMar.u7
772
776
9,743
Syracuse Rap. Tr.Ry. January .. 64,068 65,830
64.068
Tampa Eleotrlo Co... January .. 24,987 22,579
24,987
Terre Haute Elec. Co. January.. 41,188 83,535
41,188
Tol.Bowl.Gr.ASo.Tr. January.. 19,747 S0.791
19.747
Toledo Rys. A Light. February. 124.037 115,148 261.555
Toledo A Western.... February.. 12,809
26,175
Wk Mar. 2 41,680 36.505 510,754
Toronto Railway
Twin City Rap.Tran. Hdwk.Mar. 77,048 72,336 872,002
Union Trao. of Ind.. 'January .. 88,000 75,181
88.000
Union <S. Bedford).. January .. 25.615 26,211
25,615
TTnlted of 8an Fran.. February 482,403 445,161 1,009,313
.
;
I
.
I
Va. Pass. A Pow. Sys.
Va. Pass. A Pow.Go
Rich. Pass. A Pow.
Klohmond Traot. ..
Wash. Alex. A Mt. V.
West. Ohio By
r90,443
r31,789
r41,742
|
Janesville
St.
1,439,282 l.Sf.ilH
r81,844
T38.461
T46.793
201,906
38,522
549.407
174.066
262,635
8,818
65,830
22,579
83,535
20,791
240,642
808,832
75,131
26,211
917,987
|
January
{January
..
.
January ..
Deoember
Uanuary
..
Youngstown-Hharon February
64,723
33,322
23.448
18,963
14,154
36,065
16,775
54.723
83,32*
23,443
230,958
Oln.
A
etc.
— r—Bal.ofKetEam'gs.-*
Current
Previous
Year.
Year.
-
Previous
Year.
Year.
Newp. A Gov. Light
Feb.
Jan. 1 to Feb. 29
Jacksonv. Eleo. Go. Feb.
Lake Shore Elect. ..Feb.
Lond.8t.Ry. (Can. ). Deo.
Jan. 1 to Deo. 31....
Month of Jan.
Virginia
Passenger A
20,954
42,366
3,146
20,404
2,443
26,989
2,412
Va. Pass. A Pow. .Jan.
Rich. Pass. A Pow. Jan.
64,909
22,542
4,952
Traction
.
Richmond
22,847
5,089
5,481
3,500
3,466
4,305
Gas Department... February
3,910
Bfew London St. Rv. Januarv ..
4,021
8,758
Nor. OhloTr. A Lt. Co. February
56,883 54,701
Northern Texas Trao. February
35,333 25,797
Northwestern Elev.. February.. 106,130 101,333
Oakland Trans. Cons January
94.511 80,171
Ohio Cent. Trao. Co.. Deoember.
5,767
Olean St. Railway... February
6.400
5,316
Orange Oo. Traction, February
6,793
5,431
Oreg. Wat. Po. A Ry. 'January .. 23,002 13,422
Peeks. L't'g&RR. Co. January..
8,643
8,014
Philadelphia Co. and
Pottsv.
Rentals,
17,161
14,024
20,995
41,981
35,171
29,313
2,917
4,368
2,063
20,370 def.25,171 def.14,592
2,805
1,939
0,283
35,603
25,983
85,473
def.911
2,205
1,336
Power System -
128,060
18,473
Muncle Hartford A
Musk. Tr. A Light. Go.
Int.,
Current
Roads.
Tr.
(Buffalo)...
Year.
94,476
193,797
Jan. 1 to Feb. 29
Danville Urbana Cham-
t
System
Previous
Tear.
Year.
.
Indlanap. A East. Ry. February
Indianap.Shel byvllle
A Southeastern Tr. February..
Current
Roads.
.
Deoember.
A Land Co
Houghton Co. 8t. Ry. January ..
Houston Eleo. 8t. Ry. January ..
Earnings.—.
Net
,
Year.
Year.
Light
Honolulu Rapid
.
Ourrent PrevioHl
Year.
16,965
81,712
17,948
93,675
20,821
16,864
14,115
,
Tract.. Jan.
Spanish silver.
These are results for properties owned.
c Results for main line.
d Figures here are from July 1.
n These earnings lnolude the Detroit United Ry., Detroit A Port
Huron Shore Line and the Sandwloh Windsor A Amherstburg Ry.
r These figures are from Mar. 1.
u Deorease due to boycott by colored patrons.
v These figures are for nine months from Jane 1 to Feb. 29.
1
D
Street Railway Net Earnings.— The following table gives
the returns of Street railway gross and net earnings reoelved
this week. The last general summary which we furnish once
a month, and in which we bring together all the roads from
which monthly returns can be procured, was given March
26, the next will be given April 80.
217
def.
ANNUAL REPORTS.
Annual Reports.
—The following
is
an index
to all
annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Sections.
This index does not inclade reports in to-day's Chronicle.
Railroads. Etc.—
Railroads, Etc.—
page.
Page.
Amer. Cereal (bal. sheet Dec. SI).. 818
990
American Clear
Amer. Dist, Teleg. of New York.. .1219
1107
American Ice.. ..
707
Amer. Iron 4 Steel Mfg
98*1
American Radiator
786
Amer. Strawboard (bal. sheet)
V86
Souil
American
767
American Sugar.
1219
Amer. Telephone 4 Telegraph
1
07
a merican Tobacco
American Woolen
985, 1108, 111*
1221
American Writing Paper
Associated Merchants (half-year). UOS
990
Bell Telephone Co. of Canada.
Bell Telephone of Pnlladelphia ..122fi
1169
Borax Consolidated. Llm
1
.
Butterick
Company
990
1166
1226
341
Cambria
Steel
Central & So. Amer. Telegraph
Central Union Telephone
Chicago Gr. Western (half-year). .1219
340
Chicago Peiria & St. Louis
11 07
Commercial Cable
341
Consolidated Gas of New York
1220
Consol. Ky. Light 4 Refrig
9K6
Consolidated Rubber Tire
1107
Consolidated Tobacoo
Consolidation Coal of Maryland... 1^9
Continental Tobacco
1107
Crocker-Wheeler Co
818
Cumberland Teleph. 4 Telegraph. 817
Delaware & Hudson
981
Delaware Lack. 4 Western
815
1
Diamond Match
Dominion Coal
Fay & Egan Co
General Chemical
Green Bay A Western
Herring-Hall-Marvin
700
991, 1107, 1117
..1170
v
700
1223
(bal. sheet
819
Dec. 31)
Illinois Brick (bal. sheet Dec. 31).. 1221
1166
International A Gt. Northern
1107
International Salt
1107
Interna' lonal Sliver
Klrby Lumber (balance sheets)... 700
767
Knickerbocker Ice
11A6
Lehigh Coal 4 Navigation
Manufacturerers' Light 4 Heat... 986
Maraden Co
707
Maryland Coal
Mexican Telegraph
Missouri & Kansas Telephone
81»
1226
1170
Missoari Pacific
1105, 1115
7^6
National Biscuit
Natioual Carbon
818
766
National Fireprooflng
766
National Lead
New Telephone of Indianapolis... 1226
840
New York Chicago & St. Louis
New York 4 New Jersey Teleph.. 817
Northern Central
7?3. 9-5
1220
Otis Elevator
1 1 64
Pennsylvania Company
Pennsylvauia RR
815,825, 984
766
Peoples' Gas Light & Coke
Philadelphia Bait. & Wash
1168
816
Philadelphia & Erie
785
Pittsburgh Coal
7«5
Pressed Steel Car
(bal.
818
Oats
sheet
Dec.
Quaker
31)..
819
Quincy (Copper) Mining
986
Railway Steel Spring
1287
Ban Francisco Gas <fc Electric
Sloss Stiefti-ld Steel 4 Iron.. 1165. 1177
698. 706
Southern Pacific
Southern Rv. (6 mos. to Dec. 31).. 1106
987
Spring Valley Water
—
.
Springfield Breweries
Tennessee Coal Iron 4
1221
RR
1168
9W8
Tennessee Copper
1163
Texas A Pacific
Union Nat. Gas Corp., Pittsburgh. W18
Union Oil Co. of Calif. (15 mos.).. 701
819
Union Switch 4 3lgnal..
United Box Board4 Paper(bal.sh.) 766
817
United States Cotton Duck
817
United Slates Leather
United states -<teel Corp
1165, U72
1221
Telephone
United States
Utah Fuel (applic. to list) ...1171. 1178
701
Western Stone
1220
Western Teleph. 4 Telegraph
Westnghouse E ec & Mfg
9S7
Street Railways.—
Brooklyn Rapid Transit (applica-
1119
tion toN Y. Stock Bxch.)
Capital Traction (Wash., D. C.) . .1219
816
Chicago City Ry
United Railways 4 Electric, Bait. 816
.
.
Green Bay & Western Railroad.
217,660
dl42,374
73,012
def.37,238
def.14,585
(Statement for the year ending Dec. SI, 190S.J
Results for tbree years and the balance sheets for two
years show the following
1902.
1901.
Gross earnings—
1903.
Freight
$374,140
$400,627
$433,524
:
Passenger
Mall
Express, eto
Excess baggage
Miscellaneous
Total earnings
Operating expenses—
Maintenance of road
Maintenance of equipment
Conducting transportation
General expenses
Total operating expenses
1,683
102,116
19,994
4,869
1,636
66
99
98,575
19,995
4,050
1,365
2,701
$579,595
$502,354
$527,312
119,275
52,568
158.368
25,952
127,994
38,918
144,765
24,697
140,073
43,349
148,544
23,336
$356,163
$336,374
$355,302
120.612
18,915
4,795
Apr.
J
.
.
THE CHRONICLE.
2, 1904.]
1902.
1901.
922 *'*ll
Net earnings
15.143
-•
Deduot— Taxes
Amt. orea. to gen'l improv. fund. 90,000
$165,980
16,457
$172,010
14,654
25,000
$118,287
Balance net Income
Four p. o. paid on debenture "A's" 24,000
100,000
Four p. o. paid on stock
$149,523
24.000
100.000
1903.
,
$124,000
$124,000
sur.$26,523
SHEET DEC. 81.
sur.$3,358
$124,000
del $5,713
Ealanoe
GENERAL BALANCE
Atsets—
Construction
1901.
1003.
1902.
9,954.000
173,467
9.954,000
121.000
22,111
48,390
1S8.403
13.64U
4,45H
12,192
83,785
187,049
11,272
4.989
427
360
10,328
16,794
1,934
94,080
8,068
I
Equipment
Material and supplies
Cash
Mark T.Cox.Treas.
(ieneral Auditor..
P. O. Department
U.S. Express Co..
Due from agents.
Due from RB cob.
Insurance prem..
Stocks owned
Total
-V.78, p. 1223.
$132,355
24,000
100,000
6,429
1.821
94,eao
10,478.664 10.435,635
Bills payable
Old material sect.
New rail account.
Tie account
22,797
21,089
10,837
109.599
171.723
124.000
53,434
"6,968
ment fund
Profit
and
$
2,500,000
600,000
7,000.000
14,631
19.807
19,561
63.000
7,727
8,876
84,598
Sundry accounts..
General Improveloss
10,478,664 10.435,035
Total
Grand Trunk Railway of Canada.
The
(Results for the year ended December SI, 190S.J
results for four years past compare as follows:
EARNINGS, EXPENSES AND 0HABOB8,
1903.
1902.
1901.
1900.
&
£
£
A
1,816,357
1,386,779
226,531
3,100,713
143,577
1,231,188
219,971
2,980,234
145,890
1,446,186
248,050
3,358,442
141,401
5,916,548
5,189,079
4,857,600
4,575,433
835,702
810,408
Oonduotlngtransportat'n.2,369,566
138,388
General expenses
55,052
Taxes
800,968
746,483
1,859,349
120,740
50,893
720,839
661,937
1,753,240
118.533
47,227
655,983
592,819
1,671,491
120,741
47,043
Net earnings
Other income
4,209,116
1,707,432
183,737
3,578,433
1,610,646
201,012
3,301,766
1,555,834
180,817
3,088,077
1,487,356
206,857
Total
1,891,169
1,811.658
1,736,651
1,694,213
Earnings—
Passengers
Mall and express
Freight and live stook
Miscellaneous
3,876,644
Total earnings
1902.
LiabUiUest
2,500,000
Capltal stock
"A" debentures... 600.000
"B" debentures... 7,000,000
15,173
Pay-rolls
16,078
Accounts payable.
1271
277,657
Expenses—
Maintenance of way, etc.
Maintenance of equlpm't.
Total
144,040
Deduct—
155,306
165,206
Rental of leased lines
155,218
146,348
on bonds & deb. stock. 1,068, 691 1,066,151 1,072,498 1,054,512
Advances, etc
13,899
16,768
22.501
35,727
(4)214,160 (4)208,791 (4)208,791 (4)208,790
Div. on guar, stook
"
1st pref. stook... (5)170,840 (5)170,840 (6)170,840 (5)170,841
"
2d pref. stook ...(5)126,420 (5)126,420 (4)101,136 (3) 75,852
"
3d pref. stook ... (2) 143,292 (1) 71,649
Int.
Pittsburgh Cincinnati Chicago & St. Louis Railway.
("Report for the year ending Dec. 31, 190S.J
The annual report of President A. J. Cassattwill be given
in next week's Chronicle.
Total
1.892,508 1,815,825 1,730,984 1,692,070
The operations, earnings and charges for four years and
def. 1,339
def.4,167 sur. 5,667
Surplus
sur.2,143
the general balance sheet for three years were as below:
-V.78, P. 1109.
OPERATIONS AND FISCAL RESULTS.
Crow's Nest Pass Coal Company, Limited.
1901.
1900.
1902.
1903.
Miles operated
1,156
1,156
1,164
1,164
(Report for year ending Dee. SI, 1903.
Operations—
in which the Northern Securities Co. (see
company,
This
Passengers carried.
6,375,426
6,293,068
7,865,826
7,246,108
Pass, carried 1 mile. 243, 971, 280 220,871,099 197,503,216 197,936,444 page 1275) is said to own nearly a one-fifth interest, reports
8 '04 ots.
2*08 ots.
2 08 Ots.
Rate per pats. p.m.. 2-09 ots.
by its President, George A. Cox, and Third Vice-President
Freight, tone, oar'd. 22,841,680 21,660,060 19,147.097 15,961,835
Freight, tons, 1 m.. 2674 856005 2596580880 2485772670 2220135010 Gf. Gf. S. Lindsey as follows:
0'62 ots.
60 ots.
060 Ots.
Rate per ton p. m... 0-65 ots.
Financial.—The balanoe to oredlt of profit and loss account brought
Earns, per mile
$17,896
$16,450
$21,178
$19,425
forward from 19o2 amounted to $950,512. To this has been added
Earn ings—
9810,492, being the net profits of 1903; also the sum of $913,526, rep$
$
Passengers
4,105,597
5,687,792
4,178.765 resenting the premium received on new stook, the whole making an
4,592,713
Freight
17,418,568 16,144,910 14,846,811 13,288,035 aggregate of $2,174,530. From this amount the directors have paid
Mall, express, etc...
Total
2,144,041
1,872,934
1,730,766
1,545,877
24,650,401
22,610,557
20,683,174
19,012,677
9,592,917
5,006,087
2,829,395
518,186
828,931
8,595,097
4,237,029
2,827,408
441,473
803,862
7,313,794
3,780,898
2,486,556
352,714
752,591
6,918,988
3,522,237
2,552,602
326,067
744,132
18,775,516
16,904,870
14,686,553
(7101)
5,996,621
14,064,026
(7897)
4,948,651
1901.
1900.
Expenses—
Transportation
Malnt. of equlpm't.
Malnt. of way, etc
General expenses..
.
Taxes
Total
P. o.of exp. to earns.
Net earnings
(76-17)
(74-77)
5,874,885
5,705,687
INCOME ACCOUNT.
1903.
1902.
Receipts—
,
Net earns, of P. O.
O. &8t. L
Profit on 8t. L>. V. <fc
T. H.
Pro tit on LH Miami.
5,706,687
5,996,621
4,948,651
61,182
71,012
96,129
67,151
57,535
141,351
5,936,067
5,776,729
6,217,436
5,090,002
2,186,118
132,361
589,988
179,660
241,593
347,357
60,000
359,860
180,611
1,651,414
2,202,505
131,687
254,878
73,609
2,161,601
Rentals paid
Car trusts (iocl. Int.)
81.L.V. AT. H.loss.
Loss on L. M. RR...
Extraordinary exp.
D. A W. sink. fund.
Consol M. sink. I'd.
Miscellaneous
Dividends*
2,260,180
131,193
1,651,222
1,526,702
Total
|...
Balance, surplus.
5,928,951
7,116
5,638,651
188,080
5,845,887
371,549
Miscellaneous
Total
Disbursements—
Interest on bonds..
*
On
5,874,885
92,069
808,661
60,000
364,020
preferred 4%; on com. 2 V6 in 1901 and
BALANCE SHEET DEC.
Assets—
132,239
224,355
205,830
21,689
65,989
690,601
1,419,756
60,000
INCOME ACCOUNT.
818,984
2,250
259,107
907,670
Bds. & stks. owned.
Supplies on hand...
Cash
Gash in transit......
Cash to pay Interest
Billsreoelvable and
aoots.dueby agts.,
companies, etc..
Sinking funds
547,743
3% In 1902 and
1903.
1903.
1902.
1901.
1900.
$
$
$
9
1,453,269
2,249,462
1,175,448
1,636,564
2,411,698
1,351,047
1,561,698
1,348,051
447,685
691,959
306,173
252,770
130,976
920,728
328.387
255,061
38,017
592,234
299,068
257,871
567,181
904,928
262,055
264,376
4,965.749
405,529
4.731,703
359,498
3,514,822
1903
$310,492
913,526
1902
$171,286
512,209
$1,224,019
303,717
$683,495
250,000
$920,302
$433,495
profits
Premium received on
calls paid
on new stook.
Total
Deduot-dlvidends paid
3,263.829
36,759
j
Balanoe
81.
Miami RR. for
betterments
Net
4,542,259
Road and equlpm't.101,791,040 96,807,237 94.786,004 94,257,602
Little
four quarterly dividends of 2** p. o. each, amounting In all to $303,717. This amount deducted from the oredlt of profit and loss leaves
to be carried forward the sum of $1,870,813. The balanoe of the new
issue of stook referred to in the last annual statement as to be paid
during the year 1903 amounted to, including the premium, $1.646, 319.
On Deo. 31 last this bad all been paid with the exception of $123,775
(of which $74,265 is premium).
Development, Etc. - Substantial progress was made during the year
In the permanent development of the properties at Coal Creek, Mlohel
and Morrlesey. It was not until Feb. l, 1904, that the mines at Coal
Creek, which had been damaged by the explosion of May 22, 1902,
were fully restored. During the year nearly a million dollars have
been »pent on plant, development and machinery, adding largely to
the efficiency and capacity of ths mines and of the operating and ookIng plants.
Output and Labor —The output for the year just closed exceeded
that of 1902 by 49 83 p. c while the output for Deoember, 1903, is
larger than that of January of the same year by 58 72 p. o. This satisfactory progress has be9n made notwithstanding that production
was materially retarded by a strike of all the company's miners, lasting from Feb. 11 to April l, and to a less degree by the strikes of the
coke oven men in May, and of the miners at Morrlssey in September.
A contract has been executed with the men providing for wages,
hours of labor and other usual matters, effeotlve. for three years, but
terminable by either party at the end of the seoond year, and It is
expected that there will be no more labor troubles during the life of
this agreement.
The mountain slide at Frank, which oovered up the Canadian Pacific Ry. Company's main line in the Crow's Nest Pass, gave rise to a
oar shortage of considerable duration, as did the handling of the
Western harvest in the months of October and November, both of
which shortages Interfered to a considerable extent with the transportation and therefore with the production of ooal and ooke.
BALANCE SHEET DEC.
1903.
1902.
8
estate,
- plant, develop.,etc.6,418,435 4,852,175
Cash In banks
66,551
147,500
Accounts receivable 313,661 229,031
Assets—
Mines, real
Liabilities-
5,798.618 4,628.706
1903.
$
1602.
S
3,460,490 2,841,472
Stock paid up
145,000 650,446
Bills payable
Accounts payable ... 250,265 124.776
b2.500
Dividends accrued... 8*,"S9
Profit
Total
-V, 76, p. 812. 754.
31.
and
Total
loss
1,870,813
950.612
6.768,649 4.6^8.706
Consolidation Coal Co. (Maryland).
(Report for the year ended Dec. 31, 1903. J
C W. Wataon says:
Tonnage.— The total output for the year of coal mined by
Liabilities —
the company was 1,753,783 tons, an increase of 7,714 torjs
Stock, oommon*
25,332.306 25,332,323 35,316,146 25,210,721 over that of the preceding year, and the largest in the history
Stook, preferred*... 27,458,185 22,705,919 22,705,369 22,700,794
of the company.
The coal mined by lessees of the company
Bonds (see Ry.
Ind. Section) .... 48,867,000 46,931,000 45,705,000 46,515,000 on royalty amounted to 841,452 tons.
Current aooonnts...
2,134,194
3,122,087
2,705,599
1,698.760
The coal tonnage handled by the C. & P. RR. during the
Due oth. oompanles
828,058
523,481
630,172 year amounted to 3,155,012 tons, distributed as follows: To
1,279,633
Interest on bonds!..
754,373
748,269
720,168
733,824
Dividends payable.
825,715
825,290
453,846 Baltimore & Ohio RR., 2,638,282 tons; to Pennsylvania RR.,
825,616
Total
382,519
President
112,563,527 106,344,601 103,532,785 102,466,428
<fe
Sinking fund
1,703,523
1,209,065
777,712
200,000
Mlso.,lnol. morts.de
ground rents
Proflt&loss, bal....
Total
—
953,336
3,706,835
494,177
3,696,513
575,289
3,678,731
658,950
3,664,861
112,563,527 106,344,601 103,532,785 102.466,428
* Includes amounts
for other oompanles' stocks not exohanged.
Ilnoludes accrued Interest and matured Interest unpaid.
V. 78, p. 229.
182,587 tons; to Chesapeake
&
Ohio Canal, 242,571 tons; to
This tonnage is a decrease of 180,690 tons
from that of the preceding year,
Acquisitions.— In the early part of last year an arrangement was concluded whereby your company purchased a
controlling interest in the stock of both the Fairmont Coal
Co. (V. 74, p. 88, 329, 481) and the Somerset Coal Co. (V. 74, p.
882, 430). The former company controls the Clarksburg
local, 111,592 tons.
—
8
,
THE CHRONICLE.
12~'2
J
.
[Vol. lxxviii.
73, p. 786) and the North Western Fuel Co., the
which owns large docks at Chicago, Milwaukee and
The report of the Clarksburg Fuel Co., the majority of
whose stock is owned by this company, will be found below.
This acquisition has very largely broadened the
your operations, and has also provided increased tonnage for the floating equipment, materially increasing your
revenues from that department. There has also been de-
EARNINGS, EXPENSES AND CHABGEB TEAK ENDING DEC. 31, 1903.
Gross earnings
$261,272
$5,197,688 Intorest on bonds
Oper. exp. and taxes .. 3,303,118 Depreciation
125,518
Royalties
148,523
Net earnings
76,228
$1,894,568 81nking fund
Dlvs. on stocks owned.
67,500 Dividend (2 p. c)
240.000
Miscellaneous income
289,513 Miscellaneous
57,082
Fuel Co. (V.
latter of
Superior.
field of
rived a substantial dividend from the investments. The
profits from each of these sources will, without doubt, increase from year to year as the business enlarges. [The
balance sheet below shows that the company owns $6.00u,700
of the ($12,000,000) stock of the Fairmont Coal Co. and
$2,000, 500 of the ($4,000,000) stock of the Somerset Coal Co.,
and on the other hand has borrowed $3 300.000 from the Baltimore
Ohio RR. on bills payable, chiefly, it may be aseumed, on acoount of the foregoing acquisitions].
In November, 1903, an arrangement was concluded by
which your company purchased a controlling interest in the
Metropolitan Coal Co. of Boston, Mass., thereby securing
what are unquestionably the most valuable facilities for
storiDg and marketing coal in the New England territory.
[The balance sheet shows that there is $750,000 due on account of the purchase of $501.00) of this company's stock.
Besides its $1,000,000 capital stock there was outstanding at
last accounts $400,000 "special stock," presumably without
voting power; all other liabilities in 19)2, $252,265. Compare V", 77, p. 1748.] For financial statements of the Fairmont, the Clarksburg and the Somerset Coal companies see
those companies below.
Tables in the report show the product of the Consolidation
Coal Co; also of its new subsidiaries as follows (in tons):
&
Tear—
Olarkftburg.
SomersetFairmont.
1,160,155
New
New
1901
1,685,884
5 11 moB.
451,572
1902
3,934,217
1,746,069
U.222,331
1903
505,922
1,177,982
1,753,783
3,691,783
The Consolidation Goal (Jo., beginning with the production of 33,641
tone in 1864, the year of Its organization, gradually Increased its output nDtil 1,023,349 tone was turned out in 1888; from that year
until 1896 the maximum output was 956,031 tons in 1890; from 1896
to 1903 the output ranged from 1,157,200 tons in 1896 to 1,753,783
In 1903, the banner year.
Coke produoed In 1903: Fairmont, 206,468 tons, against 314.758
in 1902; Somerset, 45,498 tons, against 27,817 In 11 months of 1902
Oonsol. Goal.
1900
.
.
Total
Surplus for the year
$2,251,581
Total
$908,618
$1,342,963
GENERAL BALANCE SHEET DEC.
A ssets Plant, mines,
31, 1908.
Liabilities -
$
real es-
tate, etc
car equipment
Sink. I'd (bonds of 1901)
16,737,648
385,891
•220,259
Advanced payments on
147,593
coal purchases
Bonds held
to
retire
outstanding bonds... 1,138,000
Cash for coupons
123,290
Cash on hand & in b'ks.
242,137
Treasury bonds
699,000
Indlv'ls
and companies
1,550,168
Coal and coke on hand. 1,074,237
Notes receivable
51,0
Olarksb'g Fuel Co. loan
700,000
Material on hand
334,203
for coal sold
1
Seourit's
$
Capital stook
Funded debt.
sinking fund reserve
12,000,000
y7,138.000
..
220,259
Unpaid coupons
121,790
Loan Guaranty Tr. Co.
147,149
Loan Guaranty
Tr. Co.,
aoo't Clarksb. F'l Co.
700,000
18,500
Loan Consol. Coal Co..
Loan Somers't Coal Co.
290.00'i
Car trust notes
259,350
Payrolls
91,416
Accounts payable
589,994
Dividend No. 1, due
Feb. 1, 1904
240,000
Indlv'ls and companies
356,1 33
Profit and loss
2,749,019
Miscellaneous
12,320
owned, boob
xl,508,299
value
Miscellaneous
22,158
24.933,930
Total
Total
24,933,930
Includes $195,000 oanoeled bonds and $25,259 cash.
Includes stocks having total par value of $3,160,200. viz.: Northwestern Fuel Co., $1,350,000; Clarksburg Fuel Co., $1,80 loo (out of
total issue of $3,000,000); other, $10,100.
y Includes: Six per cent 1st mortgage bonds, $693,000; five per
cent 1st mortgage bonds, $6,000,000 (of whioh $699,000 In treasury;
$1,138,000 reserved to retire all the accompanying divisional bonds;
also $195,000 canceled and in sinking fund Deo. 31, 1903, and $22,000 since oanoeled, leaving $3,968,000 outstanding); Briar Hill Coal
&, Coke Co. 5 p. o. bonds, $255,000; Aniei loan Coal A Coke Co. 6 p o.
bonds, (assumed) $190,000; oompare V. 74, p. 98, 329, 481.— V. 78,
*
x
.»,
p. 290.
Clarksburg Fuel Company.
(Report
for the year ending Dec. 31, 1903.
1900.
1903.
1902.
1901.
This company is controlled by the Fairmont Coal Co.,
Ear n'ge— Mines, RR., &o..4,419,249 3,541,840 3,413,003 2,279,969
which in turn is controlled by the Consolidation Coal Co.
Other Income
281,588
117,306
121,983
98,116
See both of thoBe companies above. Also, see V. 73, p. 786.
Results for four years were:
Total receipts
4.700,837
Operating ezp. and taxes.2, 830,588
Net receipts
Deduct—
1,870,249
3,659,146
2,586,875
3,534,986
2,454,314
2,378,085
1,697,398
1,072,271
1,080,672
680,687
Interest on debt
77,450
77,000
77,000
77,000
90,010
314,285
367,352
352,624
45,952
47,200
46,288
25,000
Int. on special bills pay'e. 156,575
..
Int on reserve fund lnv't.
53,746
Dividends
(1)410,000 (2)205,000 (2)205.000 (2)205,000
Depreciation
115,503
46,191
99,565
Improvements
19,226
151,089
Reserve fund
Sinning fund
Total
Surplus
A QQpfa-—
Mlnes.real
893,832
178,439
BALANCE SHEET DEC. 31.
780.377
300,295
1,192,737
677,512
1903.
est..
1903.
3,617,373
3,608.538
Reserve fund inv,xl,9B6,tfi24 1,904.14*
Two iron steamers / 00¥
110,200
K « <™>>
Kaa
Steam tug * barees
(
(500,139
S
Canal boats
76,050
52,135
Securities of other
co's(book value) y 5,976,056
1,000
130.0CO
150.C00
146,148
127,213
Company's own
bonds in treas'y.
Consol.;Coal Co 's
1st M. sink. fund.
Cum. & Penn. Rtt.
1st M. sink, fund
Insurance fund
Materials
Due for coal sold..
Traffic balances
Bills & accts rec'e
271,499
211,692
229,493
689,W59
50,1-6
H06.4OT
Cash
298,<!50
Coal on (hand
Miscellaneous
161,2i8
83.128
.
.
231,909
1*4,323
174,650
300,891
65,497
140 000
216,820
26,5 25
72,908
...23,183,39916.122.601
x Theso include
Con. Coal Co
1,000,000
Cum. &
146.148
271,499
1,051,114
P.
RR.
.
.
Reserve fund
Acc'd int. on Cum.
& Penn. RR. bds.
Traffic balances...
Due for supplies..
Pay-rolls
Marine equip.fund
Bills
1,
750,000
000,000
1
127,213
233,309
407,958
z750,000
Cum.&Penn. KR.
Sinking fundCon. Coal Co
&aco'ts pay'e
8.333
28.288
8,333
88,500
1,1S:>
•^9,^88
72.889
211,691
446,938
73,151
164,223
DueB.&O RR.Co.
Due for Met. Coal
stock
Insurance
2,685
$284,207
3,650
Total
Surplus for the year
$280,557
Total
$105,965
$174,592
GENERAL BALANCE SHEET DEC.
Assets—
Plant, mines and real estate
$4,281,284
Sinking fund
3,680
Bonds to retire 6% bonds 393,000
8,6i0
Cash
Bonds pledged for loan. 2,056,000
Bills and aoots. reoelv...
63.136
Merchan.and supplies...
23,034
Unexpired Insurance
1,416
Total
-V.
750,000
Miscellaneous
Div. payable Feb.
Demand
3,300,000
1
'^4,968
766
410.000
20P.O00
219,650
1 565,386
loan
& loss, sur...
Total
2,161,855
23.183.39916,129,561
,
y Stocks, total par value, $10,177,700. viz.: Cumberland & Pennsylvania RR.
Co., Il,5ii0,0i'0; Fairmont Coal Co.. $6,000,700; Homerset Coal Co.. $2,000 :jOOClarksburg Fuel Co.. $
Coastwise Transportation Co.. common' $74,&00 and'
preferred, *74,500; Canal Towage Co $5,000; Maryland Contracting and Construction to, $;0.000; Metropolitan Coal Co., $501,100; Talk Co. (New York)
$1' O; Rapid Coaling & Transfer Co., $1,000.
z Includes $180,000 in treasury and $140,000 In slnkinu fund.
31, 1903.
Liabilities—
Capital stock.
$3,000,000
Fandeddebt(V.73.p.786)2,893,000
Loan from Fair. Coal Co. 700,000
Pay rolls, aooounts and
bills payable
26,503
Accrued int. on bonds...
6,532
Dixie Coal Co
25,000
Miscellaneous
5,107
Profit and loss
174,015
$?,830,160
See also subsidiary company reports below.— V.
78, p. 1169
Fairmont Coal Compiny.
( Report for the year ending Dec. 31, 1903. J
controlled by the Consolidation Coal Co.,
which see ar>ove. Its property, etc., was described in the
Chronicle V, 74, p. 98, 829, 481. The bonds fire as follows:
First mortgage 5 p. o. bonds of 1901 Issue, $6,000,000; deduot held
to retire 6 p. o. bonds, $693,000; held to retire Briar Hill Coal A Coke
Co. bonds (assumed), #255,000; held to retire American Coal & Coke
Co. bonds (assumed), $190,000; canceled and held for aooonnt of
sinking fund, #195,000; In treasury, $S99,0OO; total deductions, $2 032,000; balance outstanding, $3,9S8,ooO. Total bonds outstanding
..$6,830,160
Somerset Coal Company.
(Report for th", year ending Dee 31, 1903. J
This company is controlled by the Coosolidation Coal Co.
of Maryland, which see above; also compare V. 74, p. 882,
The income account and balance sheet follow:
430.
EARNINGS, EXPENSES AND CHARGES.
—
Gross earnings
$1,951,549
Oper. expen. & taxes.. 1,285,344
Net earnings
Miscellaneous income
.
$666,205
26,061
Interest on bonds
Interest on loans.
Dividend (2 p.
Realties
Sinking fund
Insurance
$150,000
1.906
80,000
27,981
32,377
1,582
o.)
$692,266
24,440
Depreciation
$667,826
Total
$293,846
$373,980
Total
Surplus for the year
GENERAL BALANCE SHEET DEO.
is
(Including aforesaid divisional bonds), $5,106,000.
i'he
regular sinking fund lnoome for the bonds of 1901 was in 190.1 $76,228; total said bonds purchased and oanoeled during year, #74 ooo
cost, $72,830. Total bonds canceled to Dec. 31, 1903, $196,000- since
canceled, $22,000. Cash in sinking fund uninvested #25 259.
Total
73, p. 786.
>:
,
all lHBiieH
Royalties
Sinking fund
Bins payable, special
?4,70 a acres Pennsylvania coal lands, $895,067: 11,566 acres
Va. coal lands. 51.211,622; $52,000 B. & O. 1,R., P. L. E. A W. Va Div. 4 p c
bpnds, $52,812; Cassville & Monougahela RR. Co. stock ($20,000), $4,378; cash,
This company
$259,610
Miscellaneous income.... $24,598
Bonds-
W.
.-.()
Net earnings
$26,257
61,775
21.568
3,680
1902.
Liabilities—
I
$
Stock C. C. Co
10,250,000 10 250,000
do Cum.&P.RR. 1,600,000
Profit
Totals...
EARNINGS, EXPENSE8 AND CHARGES.
$645,177 Interest on bonds...
"
loan
Oper. exp. and charges.. 385,567
Gross earnings
Depreciation
1902.
%
S
Ac. 8.563,32* 8,876.308
Cum. & Penn. RR..
397,010
283,677
as to properties absorbed, description of
bonds, etc The outstanding bonds D^c. 81, 1903, were as
follows: 1st mortgage 6 p. c. bonds, $393,000; 1st mortgage
5 p. c. bonds, $51,000; let mortgage 5 p. c. bonds, collateral
to $700,000 loan, $2,056,000.
The balance sheet and income account follow:
for particulars
Ass:ts—
Mines A real estate
$3,701,951
631.991
Plants and equipment.
Sinking fund
28,985
Cash for coupons
1,400
Cash on hand and
banks
90,457
Treasury bonds
1,000,000
Ind's & oos. for coal sold
213,571
coal on hand
172,846
Bills & aoots. reoelv'ie.
340,591
m
Total
$9,181,792
31, 1903.
Liabilities—
Capital stock
1st M. bonds (V. 74,
382, 430)
Sink, fund reserve
$4,000,000
p.
4,000,000
28.98S
Pay rolls
13,291
96,544
Aooounts payable
Div. due Feb. I, 1904..
80,000
62,500
Aoorued Int. on bonds.
Aoorued taxes
12,645
Miscellaneous
5.607
Profit and loss
882,219
Total
$9,181,792
—
J
Apr.
2,
:
) J
THE CHRONICLE.
1904. J
"
1273
and the officers believe that it oan be still further iaoreased
Spencer Trask &Co. in April, 1902, offered the first mort- agement,oubio
feet, 1. e.. that the oonsumptlon of gas oan be increased
to 6,000
gage sinking fund 5 per cent gold bonds of $1,000 each, dated 100 per cent without any corresponding increase in population.
The
bnt
enbject
call
any
1932,
to
on
1st,
number of meters set has already Increased from 87,113 In January,
Jan. 28th, 1902, due Feb.
interest day at 110 and accrued interest; interest payable 1903, to 107,099 in January, 1904. and the number of consumers
68.601 to 71.908. Owing to the high prloe of anthraoite ooal
February and Angust at office of Guaranty Trust Co., New from
and to the southern latitude, St. Louis is a particularly desirable field
outstanding,
authorized,
$4,000,000;
trustee;
amount
York,
for the Installation of gas for the purposes of both heating and cookThe eminent coal expert, James T. Gardiner, ing. It is believed that a proper exploitation of thes« fields will
$3,000,000.
greatly inorease the consumption of gas. The General Manager estiunder date of Feb. 4, 1802, wrote the firm substantially as mates
that the new installations for all purposes during 1904 may
follows:
Dear Sirs -In response to your request for full Information con
cernlng the Somerset Coal Co. of Pennsylvania, I have sent you inyorleinal report of Nov. 30. 1901. to the Guaranty Trast Oo., together
with the supplemental report of Deo. 31.190;, which gave the detailed
statistics of the fifteen mining properties proposed to be purchased.
Fourteen of these properties were aotually acquired on the 31st of
January last, and one, the Continental mine, Is held In abeyanoe
pending perfection of the title.
The properties now owned consist of all the lone-lived mines in the
well-known Meyersdale group, operating on the "Big" or "Pittsburgh"
vein, which is the same as the Georges Creek vein, and Is here from
7 ft to 9 ft. thick; in addition the oompany has all of the best mines
working on tbe 4 ft. to 5 ft. veins of the lower measures in the central and northern part of Somerset County, Pa. The Meyersdale
coal, like the Georges Creek, always brines an exceptional prioe and
linds a ready market. The coal from the lower measures has the
special advantage of being very low in volatile and high In fixed
carbon, being a semi bituminous ooal of the same olass as the New
River and Pocahontas. The coals have an excellent reputation of
many years standing. The fifteen mines produced last year about
1,250,000 gross tonsof ooal, andhavea present oapaolty of over 1,700,000 tons a year. The oompany has between 14,000 and 15,000 aores
of ooal land, containing from 11,000 to 12,000 aores of workable ooal,
with about 50,000,000 tone of mlnable ooal in the veins now worked,
and large reserves in lower veins not yet explored. The mines are
well equipped and In good working oondltlon and the oompany la
provided with ample working capital.
The three companies, the Fairmont Ooal Co., Clarksburg Fuel Co.
and the Somerset Coal Co., now united under praotloally identical
boards, control over sixty mines, produolng annually from 5,500,000
tons to 6.000.000 tons of ooal, or over 50 p. o. of the total bituminous
ooal originating on the Baltimore & Ohio BR. system. The coals of
all three companies are sold through the same oommerolal agenotes,
which are now firmly established from New England to Duluth. The
Fairmont and Clarksburg fuels are''gas coals high In volatile matter,
and the Somerset are semi-bituminous coals very low in volatile, and
they therefore supplement eaoh other in the market but do not oontllot.
A mixture of these two coals has been found to make one of
the best export ooals for the Mediterranean trade.
The company's fixed charges for the first year will be $163,000. The interest and sinking fund during the seoond year will be about $225,000, giving a reasonable expectation of $200,000 a year surplus, or
the equivalent of 5 p. o. upon the stook of the company.
The firm's circular also said: "A sinking fund, graduated
from five cents to three cents per ton on all ooal mined, is
provided, which, calculated upon the tonnage of minable
coal, should provide for the retirement of the bonds prior to
maturity. Of the authorized bond issue of $4,000,000, about
$3,000,000 are to be used for properties already acquired,
and the balance will be held in the treasury and will only be
issued for new property under most careful restrictions.
V.
78, p. 291.
Laclede Gas Light Co.,
St. Louis,
Mo.
reach a total of 45,000.
of 650,000.
8t.
Louis has a present estimated population
The actual results for the calendar 1903
results for 1904 are as follows:
and the estimated
RESULTS FOR CALENDAR YEAR ENDING DEC. 31.
1903 (actual). 1904
GroBS earnings
Operating expenses, taxes, eto
Net earnings
on bonds
Interest
8urplus
Dividends (5 p. o.) on preferred stock
Dividends on ooinmon stock
(1
$3,231,500
1,673,000
$1,148,533
500,000
$1,558,500
$6<i
p. o.)
Balanoe surplus over dividends
(est.).
$2,425,448
1,276,915
X700.000
8,533
$958,500
$125,000
$125,000
340,000
$183,583
(?)
x "Actual interest on mortgage debt will be less than this, as the
$4,000,000 new bonds will have been outstanding for part of year
only."
The
gross earnings for the past five years have besn as fol-
lows:
1902.
1901.
1900.
1899.
$1,752,284
$2,096,337
$1,863,940
$1,646,759
The net earnings for each year of this period exceeded |1,Dividends at the full rate of 5 per cent have been
000,000.
paid for the past 12 years on $2,500,000 of preferred stock,
and at the rate of 4 per cent for 4 years past on |8, 500,000 of
common stock.— V. 78, p. 1170, 991.
1903.
$2,425,448
Otis Elevator Company.
{Report for year ending Dec. 31, 1903.
The usual tables of earnings and balance sheet were given
President W. D. Baldwin says:
last week (page 1220).
The board of direotors report that the volume of sales for the year
1903 exoeed those of any year since the company's organization, excepting 1902. Our business in 1902, in common with that of other
industrial corporations, was abnormally large, and it was not to be
expected that suoh extraordinary conditions as existed at that time
would continue. The plants are in excellent onndition. and the expenditures made in past years in bringing them up to their highest
efficiency put the oompany in a position to take oare of a large volume
Our established policy of making
of business at minimum ooat.
reasonable deductions from the gross earnings, for depreciation in
value of material on hand, cost of Improvements, and maintenance of
plants, has been pursued in making up the aooounts for the past year.
In view of the unsettled oondltlon of the labor market, which renders
the building situation in some localities somewhat uncertain, and in
maintenance of its established conservative policy, the direotors
deem it prudent not to increase the dividend on the common stook
over the rate paid last year, namely 2 per cent.— V. 78, p. 1220.
( Official Statement,
President Charles W. Wetmore, under date of March 26, has
written a letter to N. W. Harris
Co. concerning the $4,000,000 refunding and extension mortgage 5 p. c, 30-year
gold bonds, dated April 1, 1904, which they are placing (see
page 1278). This letter affords the following.
New Securities.— To enable the oompany to make extensive additions and Improvements, and to provide for the refunding at maturity
of its present mortgage Indebtedness, it is proposed to authorize an
Increase of the present oapital stook from $11,000,000 (of which
82,500,000 is preferred) to $20,000,000, and to authorize an Issue of
$20,000,000 refunding and extension mortgage 5 per cent thirty-year
gold bonds. The new bonds are to be issued and reserved as follows:
Present Issue to be
$4 000,000
To be Issued on or before Feb. 1, 1905
1,000,000
The proceeds of these $5,000,000 bonds will be used for
&
the purpose of retiring the floating indebtedness inourred
for extensions and additions already made, and to pay for
additions and improvements now in progress, the completion of whioh will enable the oompany very largely to
increase Its earnings.
Reserved to refund a like amount of first mortgage 5 p. o,
bonds due May 1, 1919 (closed mortgage)
10,000,000
To be retained in esorow to be issued from time to time
for not exceeding 5 p. o. of the cost of extensions and
permanent improvements and of property acquired,
upon the condition, however, that the net earnings for
the previous year shall have been 50 p. o. in excess of
the interest on bonds outstanding, together with those
proposed to be issued
5,000,000
Equity —The company is controlled and operated by the North
American Co. of New York City, which early in 1903 purohased a
large majority of the common stock at par. As indicated by the purchase price paid by the North American Co.. the equity in the Laclede
property was more than $11,000,000 over the mortgage debt.
Plant.— The plant consists at present of two large generating
stations with four holder Btatlons, advantageously located In different
parts of the city, together with several repair shops, stablea, etc.. and
numerous and valuable parcels of real estate The oapaolty of the
present plant is about 12,000,000 cubic feet per day, of whioh about
4,0( 0,000 cubic ftet is ooal gas and 8,0o0.000 cnbio feet is water gas.
Illuminating gas is sold at $1 per thousand and fuel gas at 80o. per
thousand The present mileage of street mains is 527-21. The company 1b now enolroling the central portion of the city with a 24-inoh
main, whioh will join all manufacturing and holder stations and from
whioh the large radial lines will eventually reach eve^y square mile of
territory in the city, thus ensuring the maintenance of an even pressure and adequate supply. The Laclede Gas Ll^ht Co. also owns a
half Interest in a plant manufacturing Plntsoh gas for railroads. It
also does a small amount of eleotrlo lighting business.
Fbanchibb. - The oharter and f ranohise are unusually broad and
liberal, and in tbe opinion of counsel are perpetual in time. 'Having
been granted directly by the State nearly half a century ago they
antedate all of the later restrictive corporation legislation. The
Supreme Court of the State has deoided that the rates charged by the
oompany are not subject to regulation by either olty or State.
Business Field.— Previous to 1903 the average annual consumption of gas per inhabitant was about 3,000 oubio feet. This was increased to about 4,000 cubic feet during 1903 under the present man-
Marconi Wireless Telegraph Co. of America.
(Report for the year ending Jan. 31, 1904General Manager W. H. Bentley says in part
It is reasonable to assume that no stockholder has Invested in the
stook of this oompany with the Idea in mind that dividends could be
earned before the transmission of oommerolal trans- Atlantic business
is successfully accomplished.
We have Mr. Maroonl's assuranoe that
it will be accomplished.
The trans- Atlantic service was discontinued owing to the breaking
down of the generator at Poldhu Station. For some time past systematic communication between Cape Cod and Glaoe Bay, N. S., a distance of 900 miles, has been very successfully maintained.
The shore stations of this oompany are exchanging business with 38
trans- Atlantic steamers entering New York harbor. The reoeipts
from the marine service of 1903 with those of 1902 show an increase
of 700 per cent.
It has been thought advisable to postpone the construction of the
Cuban-United States system until Mr. Marconi has deoided upon the
technical features to be adopted. An engineer and two asslstan s are
now In Alaska ready to complete the three stations oontraoted for by
the Signal Corps of the United States Army as soon as the ground is
thawed sufficiently to allow farther work. There are three suits pending in the courts in whioh the Marconi Oo. is a party, none of whioh is
likely to affact the oompany in any way.
The projected business of the Marconi Co. is not to sell wireless tele-
graph apparatus, but to carry on a telegraph business. The prospeots
of profit from the mere sale of apparatus are not encouraging enough
to arouse any great enthusiasm.
BALANCE SHEET OF JAN. 31.
|
1904.
1903.
Asb'.U—
t
t
Patent rights
6,318,494 6.28S.494
139.9.19
Stations &exp. work. 175,606
Apparatus on hand.
Accounts receivable
Cash
14,770
31.0&S
22,114
31,244
16,382
15.432
Treas. stock less cash
reo'd on account of
sale of stock
082,160
Furu. and fixtures. .
1.216
Organization exp
86,183
700,000
.
Total..
-V. 77. p. 1749.
1903.
t
Capital stock tssued.6,190,000 0,190 000
38,166
Accounts payable... 17,232
24,000
Notes payable
1904.
LiaUUties—
$
1,214
36,408
6,'i31,232 6,i!28,166
Total
6,231,232 0,288.166
Chicago Railway Equipment Co.
(Report for the year ending Dec. 31, 1903. J
The "Railway & Engineering Review" quotes Vice-President and General Manager E. B. Laigh as lollows:
In 1902 the company purohased the brake-beam business of the
Monaroh Brake-Beam Co. of Detroit, and the 8terllngwortb Hupply
Co. of Easton. Pa. Shortly afterward » tract of land was purohased
at Detroit and a brake-beam shop, 197x60 ft., was built and put in
operation Jan. 1, 1903. During 1903 additional buildings, 143x60 ft.
and 404x60ft., were erected and are now oomplete. The plant is of
brick and well adapted for the purposes designed and used. The total
area of the property owned is 159,126 sq. ft., and the buildings now
on it oocupy 54.9J0 sq. ft. It will be noticed that the oompany has
330x132 sq. ft. north and 132x132 ft. south not yet built upon. The
J
J
:
:
—
1
THE CHRONICLE.
1274
square portion faolng the river has been reserved for suitable offloe
buildings should the company at any time deolde to centralize its
business at that point. The company also has over a mile of standardgange switch tracks, and nearly two miles of narrow-gauge material
tracks. A most ettiolent power plant has been established at Detroit,
and the work Is done In a thorough and economical manner. A large
amount of machinery adapted for the purposes of the new factory
has been brought from the Jersey Olty works, where It Is no longer
needed. It Is the polloy of the company to still more broaden and diversify Its business and to get nearer to a manufacturing basis. It is
believed the nearer this Is approaohed the more stable the organization will become.
The same authority adds: "The balance sheet shows that
the capital stock authorized is §2.500,000, of which $71,250 is
still in the treasury. In addition there are outstanding $260,000 bonds. In addition to paying the fixed oharges in 1903
the company paid dividends amounting to 7 per cent on
The report
$2,428,750, the amount of capital stock issned.
gives a list of 172 patents controlled by the company. The
company has plants at Chicago, Jersey City and Detroit, one
at Walkerville, Ont., and one at Montreal."— V. 75, p. 187.
Alaska Packers' Association.
(Report for the year ending Dec. 31, 1903 )
Operations, profits, etc., for four years have been as
1902.
23
1,306,947
$801,383
1903.
28
Canneries operated
1,334,824
Cases paoked
Profits
$1,142,258
Divided as below —
The earnings,
20
$862,886
(12)$!V76,000 (I2)$576,000(12)S576,000
(9)$432,000
Dividends
73,421
81,142
301,857
216,432
Written rff
151,962
205,744
422,012
349,826
Reserve funds
Note.— For the eleven years ending Deo. 81, 1903, the profits aggregated $8,409,040; deduor dividends paid, $5,128,587; written off, $1,168,591; reserve funds, $2,111,862. Shares outstanding in 1893 numbered 43,712; row, 48,000. Dividend rate 1893-1900, both Inclusive.
$9 per share per annum; since, $12. Canneries operated In 1893
numbered 13, now 23. Cases packed In 1893 numbered 462,650; In
1903, 1.334, *24; total oases packed to Deo. 31, 1903, 9,637,330.
While the total paofc of the Pacific coast, it Is stated, decreased from
5,040,961 cases In 1901 to 3,500,337 In 1903. this company's pack, It
appears, has increased In the same interval 60,000 oases.
BALANCE SHEET DEO. 31.
Asstta—
Canneries and fish-
1903.
1902.
9
$
1908.
1902.
Liabilities—
t
$
Capital st k. paid in x3,120,000 3.120,000
Current
ing stations
4,698,297 4,253,903
Floating property... 1.120.000 1,064,000
Inventories
2,440,114 1,354 658
6,473
Unexpired Insurance
3.015
Bills receivable
311.1 16
1,481,170
Cash
85,858
32,699
indebted-
ness
....8.867,434 1,567,269
Dividend account... 56.000 676,000
Insurance fund
818,100
675,266
Contingent fund.... 1.293,761 1,086.774
Total
9.675,295 7,025,807
9,675,295 7,025,307
x
Capital stock, 48,000 shares; par value $100; paid in, $65.
per share are paid on the 12th of each month.— V. 77. p. 452.
Dividends of $1
California Wine Association.
(Statement December 31st, 1903.
A San Francisco paper says
Sales for the year amounted to $5,131,626, on whioh profits amount:
ing to $581,113 were realized; $7 20 per share [about $313,000]
was paid out In dividends.
The
assets
and
liabilities
December
81, 1903
BALANCE SHEET DEC.
1903.
1902.
&
S
Invent, of wines, etc.3,004 4B7 2,915,814
Btllr &aects. receiv.l,2fl4,x87 1.415,291
8tock In other cos... 2,171,547 2,051,906
Plant, machlny,&o.l,726,32S 1,658,009
Tax & insur. accts... 25,218
80,727
Cash in banks
95,366
4,'Vc f
v—
Total
8,316,338 8,066,247
31.
1903.
Liabilities—
Capital stock
1902.
$
4,354,200
692,510
Surplus
Contingent reserve. 125,000
Lease reserve
50,000
2,fl69,094
Bills payable
4,336,700
532,849
IOd.OOO
27,402
Grape & wine accts.x419,189 \ 3,069,295
Sundry accounts...
6,345)
Total
8,3 16,838
8,086,247
x Not due or discountable.
Stock, 43,542 shares of $100 each, full paid. Dividends of
60 cents per share (7 2 p. c. per annum) have been paid for
some years past on the 10th of each month. The dividend
payable this April, it is understood is No. 56. Amended articles of incorporation were filed last Augnst; capital stock
authorized, $10,000,000; principal place of business, Hercules,
Contra Costa County. Officers and directors:
Peroy T. Morgan, President and General Manager; J. Frowenfeld
Vice-President and Treasurer; Albert Laohman, Second Vice-President;
W. Hanson. Secretary. Executive Committee— I. W. Hellman. P. T.
Morgan, J. Frowenfeld and W. Hanson. Other dlreotors: I. W. Hellman Jr., J. J. Jaooby, C. Schilling, P. O. Rossi, H. Van Bergen, Antone
Borel and H. E. Huntington.
San Francisco office, 661 Third St.
Chicago (Bell) Telephone Company.
(Report for year ending Deo. 31, 1903
President A. D. Wheeler says in part
Twenty thousand shares of stook were issued In 1903. for which
$2,000,000 in cash was paid by the stockholders. We enter 1904 free
from debt and with
1900.
1901.
58,511
$
$
4,570,806
3,368,335
3,775.002
2,691,129
86,411
$
3,129,238
2,258.780
146,509
Surplus
127,878
BALANCE SHEET DEC.
Asstts—
Plant
Beal estate
1902.
1903.
t
$
12,635,633 11,207,213
and
buildings
Material
Investments
Bills and accounts
receivable (net).
1,273,785
1,111.646
869,058
125,037
866.460
14,500
300,831
647,610
68,485
134,706
Cash
15,251,334 12,902,960
123,873
120,650
31.
1903.
1902.
Liabilities$
$
14,C00,000
Capital s'ock
11.993,400
90,877
94,623
Reserve for taxes.
Res've for renewals 646,661
846,651
Reserve for unearned rentals...
Reserve for outstanding tickets.
Surplus
Total
48,336
36,692
3.S02
464,768
4,411
427,383
15,251,33412,902.960
78, p. 289.
GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
Atlantic & Birmingham RR.— Purchase.— See Bruns
wick
&
Birmingham RR. below.— V.
78, p. 819.
Baker City (Ore.) Wonder Electric By. & Improvement
Co. Mortgage. A mortgage has been filed to the North
American Trust Co. of New York, as trustee, to secure
#5,000,000 bonds, covering a proposed railway from Baker
City to Prairie City, in Grant Couuty, Ore., a distance of 80
miles; also sixty patented and unpatented mining claims in
said county. The bonds are sinkiog fund gold 6 per C9nts of
$1,000 each, dated Sept. 1, 1903, and due Sept. 1, 1918; interest payable Mar. 1 and Sept. 1; annual sinking fund from
Mar. 1, 1904, 1% P- c. of earnings. Major J. W. Bonta, of
—
Philadelphia,
is
President,
—
Brunswick & Birmingham RR. Sale The following
statement was issued after a meeting of the stockholders in
Brunswick, Ga., on March 29. "The stockholders and directors of the Brunswick & Birmingham RR. Co. held meetings to-day for the purpose of considering and ratifying the
proposed sale of its properties and franchises to the Atlantic
& Birmingham RR. Co. The contracts of the sale were duly
authorized and the Atlantic & Birmingh-im RR. Co. has
assumed charge of the Brunswick & Birmingham RR. and
will operate it on and after this date."— V. 78, p. 819.
Canadian Northern Railway.— Debenture Stock.—In July,
1908, the Canadian Government guaranteed the principal and
interest of $9,360,000 (£1,933,287) of 8 p. c. 50-year debenture
stock to be issued at the rate of $18,000 per mile for extendto Edmonton, 620 miles, and
to Prince Albert, 100 miles; total, 720 miles; V. 76, p. 1299;
1247: V. 77, p. 87).
President Mackenzie, who has just returned from England, has made a satisfactory arrangement, we are informed, with financial houses in London for
the placing of this debenture stock, so that the company
will nave the money as fast as it is wanted for construction
purposes. "This sale insures the early completion of the
lines in question, the construction of which was well under
way last year. When completed the Canadian Northern Ry.
will by its main line reach Edmonton, which is 837 miles
westerly from Winnipeg. Prince Albert, on tne branch referred to, is 540 miles westerly from Winn'peg."
The company is also building between 800 and 400 miles of
branch lines in Manitoba; on these lines the Government of
Manitoba will guarantee bonds at the rate of $10,00 J per
mile, with interest at 4 per cent per annum; principal to be
re-payable in 1930. The oompany has in operation 1,3493-,
miles of road.— V. 78, p. 1223, 701.
and 1902 were ing the Saskatchewan division
as follows
A
1902.
79,295
.
fol-
1,004,318
$1,155,869
esti-
1,202.471
1.088,873
Net earnings. . . 1 ,421,344
870,458
Divlde'ds pald"(lO) 1,274,835 (10ia)l,075,193 (12)960,000 (12)749,808
Total
22
Vol. lxkviii.
four years (Deoember partly
1903.
101,187
$
Gross earnings
5,584,590
Operat'g expenses. 4, 113,246
-T.
1,273,566
etc., for
No. telephones
1900.
1901.
|
mated) were as follows
lows*
Total
—
—
:
euttiolent cash and material In hand to continue
necessary new oonstruotlon. The poiioy of permanency in all forms
of oonstruotlon where possible is being oontinued, so that twelve substantial fireproof exohange buildings in the city of Chicago and ten
uoh buildings at suburban points are now owned by the company. A
lot has been purchased at Waukegan and a building there will be
completed during this year. A oredltable building in Austin is nearly
ready for ocoupanoy. Exchange buildings at Lake Forest and on
Thirty- fonrth Street, known as Douglas Exohange, were opened In
1903.
The statement made in the report to stockholders in 1889 may
be repeated: "It is understood that the term of the Chicago [franchise] ordlnanoe expires in about ten years, but your dlreotors assume
that if. in good faith, the oompany prooeeds In the making of the
large additional investment required to meet the growing needs of the
public, the Olty Council of Chicago will In due time grant an extension of the ordlnanoe upon equitable terms." It Is believed that normal growth during the next few years will justify the Investment of
at least $6,000,000 additional capital.
Chicago Milwaukee
&
St.
Paul Ry,— Union
Sea remarks on page 1276, also Union Pacific
V. 77, p. 833.
Pacific Stock.
RR. below.
&
Gnlf Ry.— New Bonds.—This sub& Pacific Ry. Co. has
been authorized by the Texas Railroad Commission to issue
$5,582,000 bonds, in addition to the $1,365,000 of bonds and
$300,000 of stock already outstanding, and the $86,000 of stock
Chicago Rock Island
sidiary of the Chicago
now
Rock Island
issuable. The authorization, it is stated, does not inPacific,
clude bonds on account of lines south of the Texas
the road from Red River to Fort Worth nor the rolling
stock. The mileage is reported as 385 miles, as follows:
Chicago Rook Island & Mexico, 91-73 miles; Amarlllo Division,
112-97 miles; Obloago Rook Island & Gull. 3208 miles; Jacksboro
extension, 28-73 miles; Graham extension, 2655 miles; Chloago Rook
Island & Texas Division, 93 miles.— V. 77, p. 1»32.
&
Chicago Rock Island & Pacific By.— New Officers.— The
following appointments are announced to take effect on Apr. 5:
B. L. Wlnohell, President, In plaoe of W. B. Leeds, resigned; Robert
Mather, First Vice-President, in place of O. H. Warren resigned; J. F.
Stevens, Second Vice President, in plaoe of Robert Mather.
See also St. Louis & San Francisco RR. below.
Bonds.— See Chicago Rock Island «& Gulf Ry. above.— V.
78, p. 1222, 988.
Citizens' Electric Co., Eureka Springs, Ark.— Bonds
The C. E. Pratt Bond Co., Chicago, offer at par
fered.
—
Of-
and
—
Apr.
2,
THE CHRONICLE.
1904.|
interest the entire authorized issue ($175,000) first mortgage
5 p. c. gold bonds of $500 each, dated Dae. 1, 1903, maturing
Dec. 1, 1923; coupons payable semi-annually; trustee, Metrocircular says:
Savings Bank, Chicago.
politan Trust
mortgage
first
obligation,
ooverlng all
a
constitute
bonds
will
These
the property now owned or to be acquired, consisting of an exoellently
equipped eleotrlo railway [at last aooounts 3^ miles of traok], eleotrlo lighting plant, loe mannfaotory, oold storage plant and amphitheatre; total value, $250,000. The proceeds of this iBBue of bonds
are to be used to retire all existing bond indebtedness of $75,000, to
pay for new rolling stook. engines, motors and complete eleotrloal
equipment, and to extend the railway to a pleasure resort, where an
immense sanitarium Is to be ereoted oapable of accommodating 1,000
A
&
ffQfifltt
Company has a valuable franchise for 99 years. Net earnings last
year were over $15,000, or nearly twice the Interest on the bonded
debt. It is estimated that when the extension Is completed the earning oapaolty will be increased over 33 p. o.
old bonds, aggregating $75,000, it is understood, have
been bought in by the company or are held in escrow subNone of the new bonds can be certified
ject to its purchase.
until the prior bonds have been taken up and the mortgage
securing them canceled. William M. Duncan, President of
the Citizens' Bank of Eareka Springs, is the company's
President. The old bonds to be retired include
(1) $50,000 first mortgage 6s of $500 eaoh, dated Jan. 1, 1900, due
1906 to 1930, in instalments increasing gradually from $1,000 to
The
all
:
$3,000 annually; also subject to call at 105 after 1910; (2) $25,000
second 6s of $250 eaoh. dated Sept l. 1900, due 1925. Interest on 1st
6s payable at Hanover National Bank, New York City.
Capital stock at last accounts $50,000, in $35 shares.
Detroit Mackinac & Marquette KB. Land Grant.— Interest Paymertt.—A eemi-annual interest payment of Z% per
1275
taking leases of its trolley roads on the ground that it was
organized "under the General Corporation Act of New Jer>
sey (revision of 1896), under which no street railroad company is permitted to be incorporated." George Denegre,
attorney for the company, is quoted as saying in substance:
The suit, I understand, attaoks the right of the Bailways Company
to do business in Louisiana, and seeks to enjoin the leasing of the
properties of the St. Charles, Carrollton, Orleans and New Orleans
A Fontohartraln Railroad companies by the New Orleans Railways
Co., on tne ground that the Railways Company has no right to take
over such leases. The oompany was organize! under the laws of New
Jersey by lawyers of high standing, and I have no reason to donbt
that It has all of the powers stated in its charter, it was perhaps to
be expected that tne question would sometime be raised, and I regard
it as fortunate that It should have been settled before the leases were
perfeoted.
If the courts deoide that the Railways Company oannot oarry out
its plans, then the owners must seek some other method of procedure.
There is no reason why the stook and bondholders should be uneasy;
the properties acquired form a magnificent piece of property, whloh
Is neither more nor less valuable than before the filing of the suit; indeed it is perhaps best to have all doubts cleared away. The oompany has spent hundreds of thousands of dollars and the properties
are all in better condition than before It came. In addition, it had
under contemplation the expenditure of an additional $2,000,000 for
enlargement of power house and other betterments, whloh will now
be necessarily delayed.
See
bill
"New
of complaint in
March 27.—V. 77, p. 2159.
Newport Ss Cincinnati Bridge
The dividend paid April 1 was 3>£
Orleans Times-D.-mocrat"
of
—
Unusual Dividend.
c, contrasting with \%
Co.
p.
&
paid semi-annually since Oct., 1899. The Louisville
Nashville RR. recently contracted to purchase control from
the Pennsylvania on terms (confirmed) in V. 78, p. 1168.
p. c.
Norfolk (Va.) Railway & Light Co.— Earnings.— For the
announced payable on the land-grant bonds April 5,
year 1903 the gross earnings were $614,040, contrastcalendar
the
This
same
is
amount
Co.
as
Central
Trust
the
1904, at
1518,324 in 1902; net over operating expenses and
with
ing
paid semi-annually last year. V. 78, p. 702.
cent
is
—
Ft. Wayne & Southwestern BE.— Mortgage.— This steam
railroad company, which a few weeks ago increased its capital stock from $125,000 to $2,000,000 has made a mortgage
to the Marion Trust Co. of Indianapolis, Ind., as trustee, to
secure $2,000,000 of 5 p. c. 20 year-gold bonds; interest payable semi-annually; denomination $1,000 each. Tbe road is
projected to run from Indianapolis to Fort Wayne, 106 miles,
passing through the counties of Marion, Hamilton, Madison,
Grant, Hantington, Wells and Allen. The company expects
to stsrt construction about the 1st of Miy, and will push the
work as rapidly as po3sible, W. N. Embert is President and
L. A. Smart Secretary.
Franchise Taxation in New York.— Final Valuations for
1904.—-The State Board of Tax Commissioners on March 27
final valuations of special franchises in New
for 1904. Ttiese valuations aggregate $251,521,450,
contrasting with $235,142,825 in 1903 and with $220,620,155
in 1902. The valuations placed on a few of the franchises are:
announced the
York City
Brooklyn City RR
Brooklyn Union Elevated
1903.
1904.
1902.
$12,685,000 $12,502,000 $11,109,000
6,125,000
5,984,000
5,845,000
6.540.COO
Broadway A 7th Ave RR
6,540,000
6,359,000
Metropolitan Street Ry
18,413,000
16,110.000
18.480,000
Third Avenne Line.
10,300,000
10,310,000
10,086,000
Manhattan Elevated
50,075,000
47,100,000
44,600,500
Brooklyn Union tfas
10,565,000
9,350.000
8,724,450
Consolidated Gas (jo
17,985,000
16,275,000
21,900,000
New York Edison Co
10,175,000
12,105,000
9,60,000
New Amsterdam Gas Co
4.732,000
4,505,000
4,413,000
West Side Eleotrlo Co
5,000 (sic)
(?)
Compare full list in "New York Sun" of Maroh 28.—
V.
77, p. 1876.
Grand Trunk Western By.— Bonds Offered.—The shareholders of the Grand Trunk Ry. (the parent company) are
invited to subscribe for £161,000 first mortgage 4 per cent
50-year gold bonds of the Grand Trunk Western By., due in
1950, interest guaranteed.— V. 76, p. 658.
Gorley & Paint Bock Yalley BR.— Sale April 4.— This
road, projected from Qurley, Ala., to Winchester, Tenn., and
partly graded, is advertised to be sold at auction on April 4,
under order of court.
Ind—
Sale.— The
Highland (Electric) BB., New Albany,
directors have ordered that this road, which ceased operations three months ago, shall be offered for sale at auction.
Two off ers for it—one of $5,000 and one of $10,000— have been
tflxes,
$236,167, against $164,916 in 1902.
E. C.
Hathaway,
Vice President and General Manager, writes:
The large discrepancy between the two years was caused by a prolonged strike in the year 1902, which cost the oompany a large
amount of money. We were unfortunate enoagh also to have a fire in
1902 whloh burned up the greater portion of our oars.
The gross earnings for 1904 will be approximately $650,000 and
operating expenses will be about the same as last year. This will be
due to the f aot that for five months during the year 1903 we were
obliged to pay from $4 50 to $5 50 for coal, and during the present
year coal will not exceed $3 00 a ton and wUl quite likely drop baok
to the old price of $2 60, which is about normal. Our oonsumptlon
being in the neighborhood of 110 tons per diem, you will easily note
the difference.— V. 77, p. 824.
—
—
Distribution Matters. No conNorthern Securities Co
clusion, we are informed, has been reached touching the advisability of asking the Court to pass on the proposed method
of distributing the Great Northern and Northern Pacific
stocks. Besides the Hill Morgan and Union Pacific interests, there are, we learn, about 2,500 other stockholders who
can participate in the vote to be taken on April 21.
Some persons, misreading the circular published last week,
have thought that in place of the amounts of stock named in
our table (page 1223) the Northern Securities stockholders
would receive only 99 per cent of those amounts, along with
the 1 per cent of Securities stock returned. The fact is, as
before stated, that for each $100 share deposited, the owner
will receive $39 27 of Northern Pacific and $30 17 of Great
Northern stock and no less, besides, of course, the aforesaid
one-per-cent " stub."
Efforts to get information as to the securities which
will remain in the treaeury to represent the stock of the
Northern Securities Co. when reduced to $3,954,000 have not
met with much success. Last week's circular spoke of them
as "in no way involved in the suit" and as "producing income and conservatively valued at an amount in excess of
the $8,954,000." Mr. Hill has been quoted as saying that they
consist of "stocks of the Crow's Nest Pass Coal Co. and other
companies, forwhioh we paid between $3,000,000 and $4,000,000." On Thursday a director of the Securities Company was
quoted as saying
The Northern Securities Co. holds a little less than one-fifth interest
In the Crow's Nest enterprise. This one-fifth Interest was bought by
James J. Hill somejtlme ago, when he was arranging for a coal supply
for his Great Northern Ry. The oontrol is still held in Canada.
:
The
annual report of the Crow's Nest Pass Coal Co.
found on page 1271 of to-day's Chronicle. The
company's capital stook as increased by the $1,000,000 new
reported within a few months.
stock subscribed for by the shareholders last year (at $62 50
Indiana Union Traction Co., Anderson, Etc., Ind.— Re- per $25 share) is $3,500,000. The stock is paying dividends
port,— The results for the calendar year 1903 are reported as of
10 p. c. per annum, and was recently quoted at Toronto at
follows :
Gross earnings
Operating expenses
Net Income for the year, applicable to rental payments.
Note.— The Indiana Union Traction
Co., Incorporated
$140,304
on June
9,
1903, took over under lease the Union Traction Co. of Indiana, agreeing to pay the latt»r's fixed charges, Including bond interest and the
divldenda on its $1,000,000 of 5 p. e. preferred stock; also as rental
from July 1, 1903, dividends on $7,500,000 common stook, viz., Ha
p 0. the first year. 2 p. o. the seoond year, then, successively, 2*9, 4,
4»9, 5 and 5»* p. c, with 6 p. 0. In the eighth and following years.— V.
78, p. 1167.
BB— New
Equipment.
—This
company has
placed an order for a large lot of engines and cars, for which
its has sold its equipment obligations to Blair & Co.— V. 77,
p. 2281.
It is interesting to note that at
350 asked ($87*^ per share)
the time of Mr. Hill's acquisitions (V. 72, p. 186) he was reported to have purchased $250,000 of the stock at $62 50 per
share (250 p. c), and that the allotment of $400,000 additional at $40 (160 p. c.) in 1901 and of 40 p. c. (say $260,000) in
1908 at $62 50, would increase the total holding to say, $910,000, the aggregate cost to $1,915,000 and the market value to
perhaps $3,185,000. If, as above stated, the total holding is
now a little less than one-fifth of the entire $3,500,000 outstanding, the amount would be under $700,000 and its market
.
$1,118,951
620,136
Total net receipts
$498,815
Fixed charges, including interest, taxes and licenses and
dividend on pref. stock of Union Traotion Co. of Indiana..
358.511
Mobile & Ohio
last
will be
value somewhat less than $2,450,000.
It bas never transpired what disposition was made of the
stock iesned by the new Chicago Bnrlington & Quincy Ry.
(total authorized issue $100,030,000), bat as tha leased line,
the old C. B. & Q. RR., ^earned for the year 1902-03 $4,491,537 in excess of the 7 p. c. dividends guaranteed on its stock,
the shares of the Railway Company, as lessee, by whomever
held, have intrinsic value.
It will be remembered that the Union Pacific (Oregon
Orleans Railways.— Suit. Proposed Leases.— Attorney-General Guion brought suit in the District Court at Short Line) originally sold to the organizers of the Northern
New Orleans on March 26 to prevent the company from Securities Company $41,085,000 of Northern Pacific preferred
New
—
:
:
:
—
:
——
—
THE CHRONICLE.
1276
[
Vol. lxxviii.
Quebec Southern Ry.— Receiver Appointed.— On March
Geo. C. Deesaulles was appointed receiver of the
Qaebec Southern and the South Shore roads by the ExSecurities stock, 18,915,629 cash. Compare V. 78, p. 1223, 1168. cnequer Court of Canada in the suit by the Government of
Penn Incline Plane Co., Pittsburgh.— Foreclosure, but No Canada (Minister Railways and Canals Dominion of Canada).
Receivership.— Jadge John D. Shafer, in Common Pleas Mr. Dassaulles is President of the Bank of St. Hyacinthe,
Court No. 2 at Pittsburgh on March 23, denied the applica- Hyacinthe, Qaebec, which bank is the largest creditor and
tion of Joshna Rhodes and others for a receivership. All former owner of the Quebec Southern. The receiver has
parties, it is stated, have agreed to a foreclosure, and the applied for permission to borrow $30,000, and it is expected
only object of a receivership was to break an agreement as to that receiver's certificates will be authorized for this
transfers existing with the Pittsburgh Railways Co. in order amount. This appointment is under a law recently passed
to show the earning capacity of the incline without such a authorizing the appointment of receivers.— V. 76, p. 1249.
Queen Anne's RR.— Option.— The holders of a "large matransfer system.— V. 77, p. 251.
Pennsylvania Company.— Payment for Notes.— Kuhn, jority of the company's securities" have signed an agreement
Loeb & Co. having sold the entire issue of $50,000,000 i% granting an option thereon until April 15 to Nicholas P.
Bond, of the Baltimore law firm of Bond & Robinson, and
p. c. "collateral betterment notes" (V. 78, p. 7u3, 584) to finHenry
P. Scott, of the banking firm of Scott & Co., Wilmingancial institutions in this country and abroad, the proceeds
have been deposited by the railroad company with banks and ton, Del., managers of a syndicate of New York, Baltimore
trust companies at interest until wanted. The notes are dated and Wilmington capitalists.
Loan.— On March 19 the receiver was authorized to borrow
April 1, 1904, and are payable in gold, tax free, in 18 months,
and $37,023,000 of its common stosk (the preferred snares
were subsequently called for redemption and replaced by common stock), and received, besides $83,491,871 in Northern
21, 1904,
on Oct. 1, 1905, without option of earlier redemption. $20,000.— V. 78, p. 821.
Rochester & Genesee Valley RR.— Sale of Majority of
The coupons are payable in gold, tax free, in New York,
semi-annually, on Oct. 1 and April 1. The notes are in four Stock.— The city of Rochester, N. Y., by advertisement on
another page, offers for sale until 11 A. M,, April 11, $300,000
series to represent different denominations, viz.
of this company's $555,200 capital stock, which is guaranteed
Series A, No?. I to 2.C00 Inclusive, of $5,000 each.
Series B, Nos. 2,001 to 3,000 inolusive, of $10,000 each,
dividends at the rate of 6 per cent per annum, free of tax,
Series C. Nos. 3,001 to 3,600 Inclusive, of $25,000 each.
under a perpetual lease to the Erie RR.
Series D, Nos. 3,601 to 3,900 Inclusive, of $50,000 each.
Rochester (N. Y.) Ry.— Proposed Amalgamation.— N egoThe following is the guaranty of principal and interest entiations are understood to be well advanced for an amalgadorsed on each note by the Pennsylvania RR. Co.
mation of this company, the Rochester Gas & Electric Co.
FORM OF GUARANTY OF THE PENS 8TLV ASIA BAILKOAD COMPANY.
(V. 78, p. 587; V. 76, p. 598, 1033,) aad certain other properFor a valuable consideration the Pennsylvania RR. Co. does hereby
guarantee to the holder of the within note due and punctual payment ties, including, it is supposed, the Rochester Light & Power
by the Pennsylvania Company of the Interest upon said note in gold Co. (V. 76, p. 386,) and certain interurban electric railways.
ooln of the United States of America, of or equal to the present stand- A Rochester banker is quoted as saying:
ard of weight and fineness, as the same shall irom time to time become
"I am satisfied that the proposed merger of the interests of the
due, and also the payment of the prinoipal of the within note in like
Rochester Gas
Eleo'rio Co. and the Roohester Ry. Co. and certain
gold coin when the same shall be or beoome due.
In witness whereof the Pennsylvania RR. Co. has caused this guar- other traction properties which are known to be involved cannot fall
anty to be signed by its President, or one of its Vioe-Presldents, or an to lead to a more eoonomloal administration of the properties, and to
assistant to the President, or other person duly authorized thereto by placing them on a firm, and, I believe, permanent, dividend-paving
viz.,
<fe
the board of directors, and its oorporate seal to be hereunto affixed,
duly attested by its Secretary or one of Its Assistant Secretaries, this
first day of April, 1804.
The Pennsylvania Railroad Company.
By
-, President.
Attest
-,
Secretary.
The
collateral deposited with the Fidelity Trust Co. of
Philadelphia, trustee, as security for the issue is as follows :
STOCK DEPOSITED TO SECURE COLLATERAL BETTERMENT NOTES.'"
Par value.
Baltimore & Ohio RR. Co. preferred stock
$15,200,000
"
"
"
common stock
15,000,000
Chesapeake & Ohio Ry. Co common stock
10,000,000
Norfolk & Western Ry. Co. preferred stock
5.000,000
"
"
"
common stock
10,000,000
Pittsburgh Cincinnati Chicago <fe St. L. Ry. Co. pref. stock.
8,200,000
"
"
"
"
com. stock. 14,500,000
Pitts. Fort Wayne & Chicago Ry. Co. guar, special stock..
2.000,000
Philadelphia Baltimore & Washington RR. Co. stock
2,550,000
Northern Central Ry. Co. stock
1,450,000
Total
Compare V.
$83,900,000
1110.—V. 78, p. 1164, 703.
Pennsylvania RR. ~ Guaranteed Notes.— Bee Pennsylvania
Company above.— V. 78, p. 1110, 984.
Philadelphia Co., Pittsburgh.— Assessment Under New
Late.— The taxes assessed on Pittsburgh corporations under
the new "linear tax ordinance" aggregate §393,423, of which
about $350,000, if the levy is upheld by the courts, would be
payable by the Philadelphia Co., or its subsidiaries, viz.:
78, p.
Philadelphia Co., 2.548,520 ft. of pipe lines, at 3 cts. per foot $76,455
Consolidated Gas Co., 1,367,520 ft. of pipe lines at 3 cts. per
foot
41,028
Pittsburgh Railways Co., 877,051 ft. of track (about 165
miles), at 25 cts. per lineal foot
219 265
Allegheny County Light Co., 198,316 ft. of conduit, at 5 cts.
Per foot
9,016
1,003.200 ft. of pole lines of wire, at ^ cent per foot
5.016
City Treasurer Frauenheim says:
Notloes of the assessment have been forwarded to all the corporations affeoted, together with a notice tbat If they do not pay by May
1, 5 per cent will be added to their assessment. While none -<t the
companies made the sworn return required by law, I have seoured from
some of them unofficial information as to the length of taxable property in the way of tracks, wires, oondults and pipelines
Other information was seoured from published reports and from the Department of Publio Works. I shall, as Treasurer, make every effort to
colleot the tax.
The Philadelphia Company hopes to have the ordinance
invalidated by the courts.
Vtrner Franchises.—The four new trolley franchises
granted to Murray A. Verner and associates had their
acceptances filed with the City Controller, by S. L. Tone
as President and W. B. Careoa as Assistant Secretary.
Mr. Tone is Secretary of the Allegheny Couuty Light Co.
and Second Vice-President of the Pittsburgh Railways
Co.; Mr. Carson is Secretary of the Philadelphia Co. and the
various constituent concerns, There is newspaper talk of a
legal contest for the control of the franchises. See Pittsburgh
Traction Companies in V. 78, p. 989.— V. 78, p. 703, 584.
Pittsburgh (Pa.) Traction Co. -See Philadelphia Company above.— V. 78, p. 989.
Quebec Central Ky.— Interest on Incomes.—The directors
have declared (eubject to audit of the accounts) interest at
the rate of 2}4 per cent on the new 7 per cent income bonds
for the year to Deo. 81
Coupons (No. 3) should be paid at
Martin's Bank, Limited, 68 Lombard St. London. E. C on
and after April 15.— V. 76, p. 1408.
basis."
&
Electric Co. are
Considerable blocks of stock of the Gas
reported to have passed recently into the hands of persons
favoring common ownership of the public service corporations, if not complete amalgamation.— V. 78, p. 769, 584.
Rock ford & Freeport (111.) Electric Ry.— Offering of
Guaranteed Bonds.— Farson, Leach Co. are offering a block
of the 5 per cent 1st mortgage gold bonds, principal and interest guaranteed by the Rockford & Interurban Ry. Co.;
American Trust
Savings Bank, Chicago, trustee.
circular says
Bonds dated May 1, 1903; due May 1, 1923; optional after Feb. 1.
1910, at 105 and aoorued Interest. Semi-annual Interest payable
May 1 and Nov. 1 at otffoe of Farson, Leach A Co., Chioaeo & New
York; denomination, $1,000 and $500 eaoh. Capital stook. $750,000.
&
&
A
Bonds: Total authorized lshue, $780,000; reserved for future extensions at 85 p. o. of cost, $150,000; total present issue, $600,000. A
contract calls for the purohase of the Rockford & Freeport Eleotrlo
Ry. Co. by the Rockford <fe Interurban Ry. Co. The estimated earnings for the year 1904 are as follows: Gross earnings Rookford &
Interurban Ry. Co.. $210,000; gross earnings Rookford A Freeport
Eleotrlo Ry. Co., $145,000; total, $355,000; operating expenses (55
p. c), $195,250; net earuiogs. $109,750, or 2^ times all fixed charges.
The Rookford & Freeport Eleotrlo Ry. Oo. was organized under the
railroad laws of Illinois to construct and operate an electric railway
from Rookford to Freeport, 111. It consists of 28 miles of track, all
built on private right of way except in the oities through which it
runs; 70-ib. T rail. A sinking fund for the bonds provides for the
payment eaoh year, beginning with 1910, of a sum of money equal to
t> p. o. of the gross earnings.
Rockford & Internrban Ry. Guaranteed Bonds.— See
Rookford & Freeport Electric above.— V. 76, p. 49.
St. Lonis & San Francisco RR.— New Officers.— The followine apoointments are announced to take effect Apr. 5:
B. F. Yoakum. Chairman of the board; A. J. Davidson. President, in
plaoe of B. F Yoakum; Robert Mather, First Vice-President, in place
of B. L. Winohell, who was made President of theOhioago Rook Island
& Paolflo Ry.— V. 78, p. 1168, 769.
South Shore Ry., Canada. Receivership.— See Quebec
Southern Ry. above.— V. 78, p. 769.
Union Pacific RR.— Purchases of Stock.— Toe dealings in
the company's shares this week have bean on a large scale at
higher prices, upon rumors that St. Paul (or R :cket'eller) interests were increasing their holdings, with a view to
strengthening the alliance of the two properties. At the
same time attention was attracted by the report that large
loans had been made, with Union Pacific as collateral, by
leading investment houses. 8ee remarks on page 1243.
V. 78, p. 1224, 230.
I.) Railway A Lighting Co.— Organization.
company, which in February last took out a Rhode
Island charter, on March 2 filed articles of incorporation at
Hartford, Conn., and elected the following directors:
Westerly (R.
— This
Frank
P. Sheldon. Providenoe, R. I.. President; George W. MansWesterly, R. I„ Vice-President: Nathan B. Lewis, West Kingston, R. I., Secretary, and Joseph M. Ktngelsmithof Stomngton, Conn.,
Treasurer; James O. Sweet of Jewett City. Conn., Fraooello <i. Jllson
of Providence and II. Hobart Baboook and Wm. Hoxsey of Westerly.
Authorized capital stock, $400,000. Compare V. 77, p. 2382.
field,
Western Maryland RR. Syndicate Instalment.— Payments
were made 'Jhursday at the Mei cant ile Trust Co. ot 10 p. c.
on subscriptions to the Weslern Maryland-West Virginia
Ce ntral purchase underwriting syndica:e.
See V. 78, p, 104,
1111.
Wichita Falls & Oklahoma Ry.—New Enterprise.—This
company was organized last November with $200,000 of
authorized oapital stock to construct a railroad from a con-
—
:
Apr.
—
—
THE CHRONICLE.
2, 1904.]
nection with the Wicbita Valley Ry. at Wichita Falls, Tex.,
northeasterly into Oklahoma and Indian Territory, a distance of abont 75 miles. Of this line, 23 miles from Wichita
Falls to Bennevueis nnder construction (and to be completed
next Jnly). and the remainder will be built as soan as
deemed advisable. The estimated cost of the 75 miles is
$862,500, whioh includes a steel bridge over'Red River and
an allowance of $112,500 for rolling stock. The enterprise is
entirely distinct from the Wicbita Valley Ry., but four
stockholders of that company, namely Morgan Jones, G. M.
Dodge, Harry Walters and M. D. Thatcher, are furnishing
the funds for construction.
Wichita Valley Ry.— Report.— The earnings for the year
ending Dec. 31, 1903, were: Gross, $93,681; net overtaxes,
1277
Corona Coal k Iron Co.— Guaranteed Bonds.— A small
lot
of this company's first mortgage 5s due July 1926, with
princiDal and interest guaranteed by the Mononganela River
Consolidated Coal
Coke Co., free of tax in Pennsylvania,
is offered by the Colonial Trust Co. of Pittsburgh at 100%.
&
Fnrther facts:
consider a proposition to Increase the capital stock from
$1,500,000 to $5,000,000, for the purpose of building extensions, President Lanius writes
At this time we are not quite up to the point when an increase of
the oapltal stook is likely to take plaoe. We have been and are buildin* new lines And oapltal stook will be lnoreased, bat at a later date.
There were issued under this mortgage twelve hundred $1,000 bonds
1, 1901, and subject to oall at 105 and accrued interest on twenty clays' notice to the holder thereof. The sinking fund
amounts to three cents per ton on run-of-mlne coal mined out of and
shipped from the premises of the company, and this money Is to be
nsert for the purchase of bonds at the rate of 105 and in numerical
order, oommenoins: with bond No. 1. Bonds redeemer $20,000: outstanding, $1,180,000. Interest payable Jan. 1 and July 1 at Union
Trust Co., Pittsburgh— V. 72, p. 1190.
Edison Electric Co., Los Angeles, C&\.— Stock.—There are
to be 2,000 shares preferred and 1,000 shares common issued
to the stockholders under the recent offering— that is, at $85
for a share of preferred, with one-half share of common
added. When this stock is out there will have been issued
$3,266,900 preferred and $1,426,100 common. Of the preferred there are 3,000 shares which do not bear dividends
until 1905. The first dividend in which this stock will participate will be in January, 1906, and there is $167,400 held
In trust for the treasury, making a total of $467,400 of preferred stock not now participating in dividends. For earn-
-V.
ings, etc., see V. 78, p. 991, 105.
See Wichita
bal., sur., $22,489.
Ry. above.— V. 76, p. 160.
York County (Pa.) Traction Co.— Report of New Stock
Issue. —Touching the report that the shareholders will soon
$32,713;
$(55,202; interest,
Falls
& Oklahoma
70, p. 1292.
dated Jnly
Edison Portland Cement Co. —JfoWgrage.— A mortgage has
been made to the Williamsburgh Trust Co. of New York as
be- trustee, to secure $1,500,000 of 6 p. c. gold bonds dated March
low.— V. 71, p. 1168.
2, 1904, due April 1, 1929, but subject to call t:> any amount
American Lithographic Co., New York.— Conversion of at 105 and interest on any April 1 and Oct. 1; sinking: fund
Debentures. This company, which recently increased its after 5 years; interest payable Oct. 1 and April 1 at office of
authorized issue of capital stock from $4,000,000 to $6,500,- trustee.
New Furnaces,— A Philadelphia paper says:
000, is converting its debenture bonds (at last accounts $2,The company Is puttini? in two additional furnaces to oomplete its
284,000 of 6s, compare V. 75, p. 500, 241,) into preferred 3,000-barrel-per-day
equipment. Pending the completion of this work
stock. President, Joseph P. Knapp; Secretary, Chas. Eddy; the plant has suspended operations, the cement trade being dull and
Treas., Louis Ettlinger. Office, Litho Building, 19th St. and prloes depressed.— V. 78, p. 105.
4th Ave. The company was successor to
general Electric Co. New Stock. The shareholders will
The Knapp Co., Schumacher & Ettlinger, Donaldson Bros., Oeo. 8. vote May 10 on a proposition to increase the capital stook by
Harris <fc Sons, G. H. Buek &Co., F. Heppenheimer's Sons, Gies & Co.,
Lindner, Eddy & Olauss. Wltsoh <fe Sohmltt, The Giles Co., Amlioo Co. the amount of $3,825,500, viz fron: $45,000,000 to $48,325,500.
As there is outstanding only $43,944,700 of the auhorized
-V. 78, p. 1169.
issue,
the new stock will increase the treasury holding to
Pipe
Manufacturing
Philadelphia.—
American
Co.,
Option to Subscriber.—The shareholders having voted on about $4,380,000 (being nearly 10 p. c. of the outstanding
March 22 to increase the capital stock from $2,000,000 to shares) which amount is expected to be offered at par to
shareholders of record in proportion to their respective
$5,000,000, the $2,000,000 of the new stock now to be issued
is offered at par to stockholders of record May 2, 1904.
Sub- holdings. The proceeds, it is commonly reported, will be
scriptions must be made on or before May 16, 1904, and are used for the general purposes of the company, including the
payable in five equal instalments of $20 per share each, on turbine engine development.
New Director.— E. W. Rice Jr. has been elected a director
the first diys of July and October, 1904, and January. April
and July, 1905. Iaterest will be allowed on the instalments in place of the late William C. Whitney.— V. 78, p. 828.
when paid according to call at the rate of 5 per cent per anGreene Consolidated Copper Co. New Director.— Walter
num until stook is full paid, said interest to cease July 1, B, Davereux has been elected a director, succeeding Bernard
1905, when certificates will be issued.
H Bayard Hodge is M. Baruch, resigned.— V. 78, p. 705, 845.
Secretary, 112 North Broad St., Philadelphia,.— V. 78, p. 1225.
Hammond (Ind.l Illuminating Co.— New Name.— See
Bay State Gas Co. of Delaware. —Reduction of Stock.— South Shore Gas & Electric Co. below.— V. 77, p. 1749.
When Receiver George Wharton Pepper took possession, he
Hndson River Electric Power Co.— Guaranteed Bonds.—
found outstanding $250,000,000 stock, of which $75,000,000 The mortgage recently filed to the Knickerbocker Trust Co.
had not been properly issued. He accordingly filed a bill to as trustee secures $5,000,000 of 5 p. o. gold bonds of $1,000
secure a cancellation of the latter amount of stock. Pending each, dated Jan.
2, 1904, and due in forty years, without
final hearing, J. Elward Addicks, one of the defendants in
option of earlier redemption. The interest is payable in
the suit, turned over to the receiver $37,500,000 of the dis- February and August. The Hudson River Water Power
puted stock, to be held subject to the order of the court and Co. agrees to guarantee the bonds by endorsement. The
it is understood that Mr. Addicks is endeavoring to secure
Elmer J.
first issue, it is understood, will be $1,000,000.
the residue of the $75,000,000 issue for similar deposition.
West is Preeident and C. M. Doolittle, Secretary.— V. 78,
Mr. Pepper is actively pushing his suit to recover for the Bay
p. 231.
State Gas Co. its equity in the Boston gas properties, and
Hudson River Telephone Co.— New President.— U N.
when that is ou* of the way, he intends to prosecute his
Bethel,
a representative of the American Telephone & Teleactions against H. H. Rogers and Thomas W; Lawson.
graph
Co.,
was recently eleoted President, C. F. Cutler
V. 78, p. 289, 231.
becoming Chairman.
Brooklyn Ferry Co.— Earnings.— The results for the la9t
Report.— For the year r-nding Dec. 31 earnings were:
two calendar years were:
Interett.
Divs ,6p.c. Bal., sur.
Tear.
Qross.
Net.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Allegheny Steel & Iron Co.— See Saltsburg Coal Co.
—
—
:
,
;
.
Oal.
year.
1903
1902
—V.
....
Grots
earnings.
Oper. exp.
dk miscel.
$1,420,495
1,351,908
$808,073
829,653
Interest
Leased
Balance,
on bonds.
$385,000
385,000
line.
surplus.
$77,500
77.500
$149,922
59,755
76, p. 868.
Citizens'
Telephone
ward M. Deane
&
Co.,
Co., Jackson, Mich.— Bonds.— ElGrand Rapids, Mich., are dealing in
company's first mortgage 5 per cent gold bonds. These
bonds are dated Jan. 31, 1903, and are due Feb. 1, 1923, bat
this
are subject to call at 105 and interest alter 15 years; interest
payable Feb. 1 and Aug. 1 at New York or Grand Rapids;
denomination, $500; Michigan Trust Co., Trustee; payable in
New York at Metropolitan Trust Co.
circular says:
A
Bonds authorized, $2SO,000; reserved
for future extensions,$50,000
present issue, $zO0,0O0; capital stock, authorized, $2^0,00O; issued.
$200,000. Net earnings for six months ending August, 1908, $8,450.
Estimate of yearly earnings (1903-4) based on present business: Income from 1,913 local 'phones, $?3. 37 1; exohange and toll lines,
$2,410; gross earnings, $35,78i ; net earnings, $19,751; ^interest on
$200,000 bonds at 5 per cent, $10,000; surplus, $9,751. Population
JO.OOO. Over 1,900 telephones placed In eight months; switchboard
has capacity for 2,400 servioes.
A block of these bonds was recently offered at a price to
net the investor about h\& per cent per annum.
Consolidation Coal Cj. of Maryland.— Directors.— At the
annual meeting on March 16 H. L. Bsnd Jr., H. Crawford
Black and G ^orge F. Randolph were elected directors to
succeed L. F. Loree, Charles K. Lord and J. M. Qaigley.
The board now includes :
Edward R. Bacon. New York; H. L Bond Jr.. H. Crawford Black,
George O. Jenxtns, Oao-»r Q. Murray. George F. Bandoloh, George M.
Shriver, George A.. Von Lingen, O. W. Woolford, J. H. Wheelwright.
Report—Acquisitions.— See page 1271.—V. 78, p. 1169.
1903
1902
-V,
$883,885
787,380
$269,852
236,564
$16,890
$234,390
199,528
$18,572
37,038
77, p. 2037.
Hudson River Water Power Co.— Guaranty.— See Hudson
River Electric Power Co. above.— V. 78, p. 231, 106.
Indianapolis Telephone Co., Indianapolis.— Confirmed.—
Secretary H. B. Sale confirms the accuracy of the statement
published last week. The preferred stock is to be 6 p. c
cumulative. There is no new mortgage. See V. 78, p. 1226.
Ingersoll-Sargent Drill Co.— New President.— Vice-President William L Saunders of North Piainfield has been
V.
elected President to succeed the late William R. Grace.
,
—
77, p. 89,
International Silver Co.— Directors.— At the annual meeting last week the ticket of the management was re-elected
by a vote of 40,512 out of a possible 64,500, notwithstanding
that an injunction served on the company at the instance of
Michael P. O'Connor, a stockholder, prevented it from voting
the stook purchased from the United States Silver Corporation. There was no vote by the opposition. The directors are:
Bamuel Dodd,
O. A Hamilton,
O H. Tlbbits,
W. J. Miller,
Geo. H. Wlloox,
8. L. Barbour,
A. Andrews,
F. P. Wilcox.
Geo. D Manson,
Geo. M. Curtis,
O. Berry Peete,
Geo. C. Edwards.
Geo Rooftweil,
L. E. Stevens.
O. E. Breokenrldge,
—V. 78. p, 1107, 823.
—
Purchase of Texas
Iola (Kan.) Portland Cement Co
plant and quarries
29.
the
Dallas,
on
Jan.
Plant.— At
Tex.,
of the Texas Portland Cement & Lime Co., situated three
miles west of Dallas, were sold for about $250,000 to E. H.
Ryan of St. Louis, Mo., subject to the approval of the
—
:
United States District Court, which had recently placed the
reoelver's hands. On Feb. 1 the Iola Portland
of Dallas was organized in the interest of the
Iola Portland Cement Co. of Iola, Kan., with $300,000 capital
company in
Cement Co,
stock, to take over the Dallas works. The capacity of the latter will be increased from abont 700 barrels of cement daily
to 1,500 barrels. The capacity of the Kansas company's mills
The company has
is reported as about 8,000 barrels daily.
outstanding its entire $8,000,000 of common stock and $1,400,000 of its $1,500,000 of 7 p. c. cumulative preferred; par
President, S. H. Bassett Secreof shares, $25. No bonds.
tary and Treasurer, E. H. Ryan, Iola, Kan.—V. 76, p. 1357.
;
Kansas City Home Telephone Co.— Bonds Offered.— The
Commonwealth Trust Co. of St. Lonls, the mortgage trustee,
and H. P. Wright & Co. of Kansas City, offer for subscription at 95 and accrued interest $1,500,000 of this telephone
company's first mortgage 5 per cent gold bonds, dated Jan. 2.
1908; due duly 2, 1923; interest payable Jan. 2 and July 2 at
office of trustee.
Bonds authorized, $3,000,000; outstanding,
$1,700,000; remainder reserved for future betterments and
extensions, and then only for 90 p. c. of the actual reasonable
cash cost thereof. Denomination of bonds, $1,000, $500, $200,
A circular says in part
In Kansas City, Mo., and Kansas City, Kan.
15, 1904, with 4,000 telephones, and It will
have In operation April 15, 1904, 6,500 private main-line telephones.
The switchboards are arranged tor an ultimate capacity of 33,600
main-line telephones, and there Is Installed switchboard capacity for
8,160 telephones; present oable arranged for 9,375 telephones; condnit space, almost unlimited oapaoity. The company has In exoess of
8,000 three-year oontraots for service and new oontraots are received
on an average or thirty per day. It is estimated that before the end
of 1904 8.500 private-line telephones will be In operation. The annual
The company operates
It began business Feb.
telephone and toll Income based on 6,500 telephones Is estimated as
$331,000; operating expenses, maintenance, insuranoe, taxes, and 2
p. o. to city, $201,000; net revenue, $130,000; Interest on $1,700,000
5 p. o. first mortgage bonds, $85,0C0; surplus for stock, $45,000. The
net revenue, based on 8,500 telephones, Is estimated as $175,000, with
Interest charges unchanged at $85,000.
A thirty-year franchise In Kansas City, Mo., and a twenty -year franchise in Kansas City, Kan., limit the rates (1) In the former olty
to $54 for business and $86 for resldenoe telephones until Jan. l,
1907, when company has privilege of increasing rate of business telephones to $60 per year; and (2) in the latter city to $54 for business and $48 for resldenoe telephones within a radius of 2^ miles
from business district, and an additional $6 per mile per lnstrament
for each additional mile beyond this radius. The company has, however, adopted a uniform rate In both cities of $54 for business telephones and $36 for resldenoe telephones, furnishing unlimited servloe
between the two cities. Owns a main and three branch exchanges,
all lire proof; switchboards furnished by Stromberg-Oarlsou Manufacturing Co. The simple removal of the reoeiver from the hook calls
the immediate attention of the operator. The subway Is 12 miles long
and has some 142 miles of duct. There are under construction longdistance lines reaching from Kansas Olty to Topeka, Leavenworth
and Atchison, Kan.; St. Joseph, Excelsior Springs, Lexington and
Sedalla, Mo., reaching all independent telephone systems In Bald territory, and connecting with other lines traversing Kansas, Missouri,
Iowa, Illinois, Indiana, Kentnoky, Indian Territory and Northern
Texas.—V. 76, p. 976.
Mo—
Bond Offering.—
Laclede Gas Light Co., St. Louis.
N. W. Harris & Co., Chicago, New York and Boston, offer at
101 and interest the unsold portion of a block of $4,000,000
refunding and extension mortgage 5 p. c. 30-year gold bonds
of $1,000 each, dated April 1, 1904, due April 1, 1934; interest
payable April 1 and Oct. 1 in New York City. Bankers' Trust
Co., New York, and Mississippi Valley Trust Co., St. Louis,
trustees, The Laclede Gas Light Co., incorporated in 1857
and operating under perpetual franchises, owns and controls
the entire gas business of St. Louis, the fourth largest city in
the United States. Dividends have been paid for many years
and extensive additions and improvements, recently completed and in progress, are expected largely to increase the
earnings. See statement of President Wetmore on page 1273.
V. 78, p. 1170, 991.
Metropolitan Coal Co., Boston.— See report of Consolidation Coal Co. on page 1271.
Miami & Erie Canal Transportation Co.— Bill Defeated.—
The bill providing for the leasing of that portion of the
Miami & Erie Canal between Cincinnati and Dayton to the
Miami and Erie Canal Transportation Co. for steam railroad
purposes was laid on the table, and virtually killed, by the
Ohio House of Representatives on March 24. A majority
vote would be required to take the matter up again. The
company's shares, which recently brought 13, sold March 25
on the Cincinnati market at \% to 2 this week they were
quoted at 2 bid, 6 asked, and the bonds at 5 bid, 40 asked.—
V. 77, p. 952.
Michigan State Telephone Co.— In Possession— Mortgage.
—On March 27 the company took title to its property and
filed its first mortgage to the Old Colony Trust Co. of Bogton, as trustee, to secure $10,000,COO of 5 per cent 20-year
gold bonds, issuable as provided in V. 78, p. 586, 823.
Monongahela River Consolidated Coal & Coke Co.—
Guaranteed Bonds.— See Corona Coal & Coke Co. above
V. 78, p. 285.
National Glass Co.— New Officers.—In addition to other
changes, the officers were some time since changed to inolude:
President. Andrew W. Herron; Seoretary and Chairman of Execu;
tive Committee. Addison Thompson; Treasurer. A. L. 8trausberi{er;
Auditor, C. H. Mitchell, all of Pittsburgh, Pa.-V. 78, p. 587.
National Salt Co.— Re-Sale May 25.—The receiver's sale of
the properties in this State is now advertised for May 25 at
115 South Cayuga St., Ithaca. See description of properties
in advertisement in "New York Times" of March 30. See
V. 78, p. 1113, 823.
New England Brick Co.— Di posits.— A
that considerably
—
—
—
;
THE CHRONICLE.
1278
$100.
:
more than a majority
circular announces
of the outstanding
[Vol. lxxviii.
bonds have been deposited with the bondholders' committee,
under the agreement of March 8, 1904. The time for deposits
at the Old Colony Trust Co,, Boston, expired April 1. This
committee, which consists of Francis R. Hart, Chas. F.
Fairbanks, S. H. Fessenden, "Victor M. TyJer, Geo. R. Simpson, has recently made substantially the following statement.
When the oompany was organized in 1900, oash working oapltal was
provided to the amount of $371,000. We understand, however, that
deficiencies of $105,000 in the assets of some of the largest companies
taken over, the expenditures of $93,000 on the brick yards and the
necessary purchase of additional real estate for $30,000. reduoed the
working oapltal to $93,000, which sum was further reduced on Deo.
31, 1903, by marking off $50,000 from the inventory of supplies, in
order to plaoe these accounts on a conservative basis. In order to
supply working oapltal, the oompany has been using $95,500 obtained
through loans secured by $120,000 of bonds in the treasury; In addition
it owed on Feb. 17, 1904; about $300,000. Until recently the company
was able to borrow on Its unsecured notes, but It Is now absolutely
essential to secure permanent working oapltal
Of the original Issue of $850,000 In bonds. $81,000 are in the sinking
fund, and $21,000 are held by the trustee a?atnst a purchase money
mortgage on one of the properties bought, leaving $748,000 In bonds
held by investors or pledged. On acoount of default on Feb.. 1904,
coupon, A. E. Locke was appointed receiver. Under his dlreotion the
plants are being put In oondition to continue the manufacture of
nnoks. The stockholders' and oredltors' committee desire t> join with
this committee in perfeoting a plan of reorganization. We are advised
that the oompany has an excellent business, and that if its financial
affairs are properly adjusted it can not only maintain Its present commanding position In the trade, but also Increase its opportunities for
profitable business.— V. 78, p. 1118, 771.
North American Company. Equity in St. Louis Property.— Se9 official statement regardiag Laclede Gas Light Co.
of St Louis on page 1278 of today's Chronicle.—V. 78,
p. 824, 345.
North Strabane Water
Co.,
Canonsburg, Pa.— Bonds
Offered.— The Colonial Trust Co. of Pittsburgh is offering
at par $100,000 first mortgage gold 5s, tax free in Pennsylvania, due Nov, 1, 1981, but subject to call in (and after?)
1911 at par and interest; coupons payable May 1 and Nov. 1.
Ohio Tube Co.— See Eastern Tube Co. above.
Pittsburgh Coal Co. Contract. It is understood that the
United States Steel Corporation, which last year canceled
its coal contract with the Pittsburgh Coal Co., has recently
contracted with it for a large tonnage during 1904, but on a
scale of prices considerably lower than existed a year ago.
V. 78, p. 992, 824.
Provident Loan Society of New York.— This society organized for the purpose of giving loan relief at a low rate of
interest to the poor has issued its ninth annual report. The
amount loaned in 1908 was $5,576,091. The number of
pledges was 168,272 and the average amount of the loans was
$33 16. The amount employed at the close of 1903 was $2,647,000; net earniogs, $185,250; interest on funds employed,
$106,117; net surplus, $79,182. The officials of the society
are Robert W. de Forest, President; James Speyer, Treasurer; Otto T. Bannard, Secretary.
—
Rochester (N. Y.) Gas & Electric Co.— See Roohester Ry.
under "Railroads" above.— V. 78, p. 587.
St Lonig Portland Cement Co.— Bonds. — The G. H.
Walker Brokerage Co. and the Little & Hays Investment
Co., both of St, Louis, have recently been placing at par and
interest the small remaining block of $500,000 first mortgage
6 p. c. gold bonds issued to increase the capacity of the mill
to practically 1,000,000 barrels per annum; also to pay floating debt and to provide working capital. The bonds mature
in series of $50,000 Aug. 1, 1906, and $50,000 each year thereafter until all are paid in 1915; interest payable Aug. 1 and
Feb. 1; St. Louis Union Trust Co., trustee. The capital
stock, all outstanding, is $1,000,000 common and $850,000 of
7 p. c. cumulative preferred; par of shares $100.
An advertisement says
A
sinking fund of $50,000 per annum is provided for the redemption of these bonds. The value of the property is over three times the
face of the bonds. The mill Is located at Prospect Hill, a part of the
property being within the corporate limits of 8c. Louis. The earnings
for the calendar year 1901 are estimated as follows
Gross earnings,
$840,000; operating expenses. $570,000; applicable to fixed charges,
1^70.000; Interest on bonde, $30,000; sinking fund to retlr« bonds,
$50,000; balanoe. surplus, $190,000. Dlreotors— J. O. Van Blaroom,
8. W. Fordyoe, A. H. Craney Jr., H. G. Knapp. Edwards Whltaker,
G. H. Walker, F. R Blssell, E. E. Parainore, John C. Robinson.
The " Engineering Record " of July 11, 1903, contained a
:
description of the plant.
Saltsburg Coal Co.— Foreclosed,— On March 29 this company's property, iuoluding, it is understood, the Foster and
Fairbanks mines and about 1,000 acres of coal laud, was sold
under foreclosure at Philadelphia for $280,000. The property
will be reorganized, the control probably passing to the Allegheny Steel
Iron Co, President Hicks of the latter company and George B. Newton
Co. of Philadelphia, in their
individual capacity, aoquired various securities of the Salts-
&
&
burg Company some months
since.
The company was incorporated many years ago with $100,000 capital stock in $50 shares, and made a mortgage to the
&
Fidelity Insurance Trust
Safe Deposit Co. of Philadelphia,
as trustee, to secure $225,000 first 6*, of which, at last acaccounts, $212,000 were outstanding.
Savannah (Ga.) Was Co.— Guaranteed Bonds Offered.
Ervin
Co., Drexel Building, Philadelphia, are offering at
104 and interest this company's first mortgage 5 p. o. sinking
fund gold bonds; total amonnt authorized, $1,750,000; issued,
$1,000,000; dated March 1, 1904, and due Sept. 1, 1923, but
subject to call for the sinking fund at 105 and interest, and
on and after Maroh 1, 1909, as an entirety at the same price
on any interest date; interest payable March 1 and Sept. 1
Pennsylvania Company for Insurances on Lives and Grant
—
&
—
:
Apk.
2,
,
THE CHRONICLE.
1904. J
ing Annuities, trustee; guaranteed as to principal and interest by the United Gas Improvement Co. of Philadelphia by
endorsement on each bond. A circular says:
The 8avannah Gae Co. oontrols the entire gas-llghtlnK business of
BavanDah, Ga., as there Is no competing oompany. The $750,000
reserved bonds can be Issued only to cover the aotual oost of extension?, betterments and additional properties, and then only In oase
the net earnings for the last preoedlng fiscal year, after making all
proper deductions for maintenance, taxes and repairs, shall have been
not less than 50 p. o. in excess of the annual interest oharge on all
bonds then outstanding, as well as on those then to be Issued. The
mortgage provides that, commencing June 1, 1905, the oompany
shall make to the trustee annual sinking fund payments amounting to
1*3 p. o. of the prlndpal of the outstanding bonds to be Invested in
said bonds, which for that purpose may be drawn by the trustee at
105 and interest. The bonds (all or none) are sub)eot to redemption
March 1 1909, and on any Interest date thereafter at 105 and interNet earnings: 1899, $58,033; 1900, $62,25 3; 1901, $62,619;
est
1902, $81,119; li<03 (2 months estimated), $84,859.
capital stock, all outstanding, is'^$ 1,000,000, of which
$450,000 is 5 p. c. cumulative preferred (dividends cumulative from Jan. 1, 1934.) with preference also as to assets in
caee of liquidation; par of shares, $25. There are no bonds
President, Samuel T. Bounderlying those above offered.
dine; Sec. and Treas., Lewis Lillie, Broad and Arch streets,
Philadelphia.— V. 78, p. 1227.
The
Simpson-Crawford Co., New York.— Conversion of Bonds
Into Stock.— The authorized issue of capital stock has been
inoreased from $2,500,000 to $5,000,000 by the creation of $2.500/00 of 8 p. c. praferrei (V. 78, p. 1114,) for the purpose
of taking op and canceling the entire issue of debenture
These, authorized and issued $2,500,000,
6 p. c. gold bonds.
are due Dec. 31, 1924, but are subject to call at 110 and interest
alter Jan. 1, 1905 (V. 74, p. 215); interest payable Jan. 15
and July 15 at Simpson C.awford Co.— V. 78, p. 1114, 824.
South Shore Gas & Electric Co. New Name.— This company, it is stated, recently succeeded to the property and
business of the
Hammond
Illuminating Co.
Compare V.
77,
p. 1749.
Standard Sewing Machine Co., Cleveland.— Stock De
crease.— Tnis company, incorporated in Ohio in Nov., 1902,
has decreased its authorized issue of capital stock $2,800,050, to $1,400,000. J. H. Teller and W. N. Cutler were among
the directors at incorporation,
Swift & Co.— New Stock Subscribed.— The new stock issue,
it is announced, was all subscribed, being so widely distributed that the number of stockholders was increased about
2,000, to over 6,000.— V. 78, p. 291, 238.
1279
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U(A
COMMERCIAL EPITOME.
Friday Night, April 1, 1904.
short business has been experienced, some of the commercial exchanges of the country and some of the large
commercial houses suspending business from Thursday evening, March 81, until Monday morning, April 4. Others,
however, observed only Good Friday, April 1, as a holiday.
European markets are quite generally closed until TuesThe holiday season has had some inday, April 5.
a temporary halt in
fluence upon business, causing
some lines. The distributing movement of merchandise,
fairly
liberal
however, has been on a
scale.
As
season
advances
spring
increasing
the
activity
has been reported from the retail trade, and has been reflected in retail merchants taking on stock with a fair show
fair volume of business has been transacted
of freedom.
in the market for pig iron, and the outlook is for increased
activity in the finished material. Advices from the winterwheat belt report that the new crop appears to be backward.
Information from the South foreshadows an increased cotton
A
A
acreage.
Lard on the spot has been quiet. Buyers have appeared to
lack confidence in preeent values and have been holding off.
Tne cloee was qaiet at 7-30c. for prime Western and 6"50c.
for prime City. The demand for refined lard has been light
but prices have been fairly well maintained, closing at 7 -40c.
Speculation in lard for future
for refined for the Continent.
delivery has been quiet. Price changes have been slight but
the close was flat under full receipts of hoge.
DAILY OLOBTHO PRICKS 0» LABD FUTUBBB IN CHICAGO.
8at.
Mon.
Tuet.
Wed.
Tkurt
#»*
7-05
Q-91^
6 97i« 6 92i«
Maydel'y
6 97is
Holi-
715
T2%^ 7 12^ 710
7-10
day.
Pork has been quiet and easier, closing at $14 75@15 75 for
mess, $14@16 for short clear and $15 50 for family. Cut
meats have sold slowly but prices have not changed, closJulydel'y
United Gas Improvement Co., Philadelphia.— Guaran- ing at 6J^@6J^c. for pickled shoulders, 9^@10c. for pickled
hams and 7J^@8c. for pickled bellies, 14@10 lbs, average.
teed Bonds.— See Savannah G-as Co. above.— V. 78, p. 774, 587.
Beef has had only a small sale; prices have held steady at
United States Reduction & Refining Co.— Dividends Not $8 50@9 00 for mess, $10@11 for packet, $ll@12 for family
Resumed. Secretary Spencer Penrose, under date of Mar. 15, and $15@15 50 for extra India mess in tcs. Tallow has been
19G4, has sent a circular to the holders of preferred stock quiet but steady at
4,% c. Stearines have been dull, closing
saving
at 7^c for lard stearme and 6J^@6%c. for oleo stearine.
Under date of Deo. 10, 1903, a oiroular was issued by order of your
Cotton seed oil has been quiet and easier, closing at 35>4@
directors setting forth some reasons for passing the January, 1904,
Butter has advanced on light redividend, and expressing a hope that a restoration of normal condi- 85>£c. for prime yellow.
tions would enable the oompany to pay the April dividend. The reAt the close delayed supplies were arriving, relievceipts.
sult* in that regard, however, have been disappointing, and the output
Of the mines is still greatly our tailed. This curtailment has naturally ing the market; prices for creamery ranged from 13 to 25J^c.
had its effeot upon treatment prices. The general labor situation in Cheese has been in fair demand and steady at 83^@12c. for
thi mining industry in the Cripple Creek Dlstriot and in the State, State factory, full cream.
Fresh eggs have been in active
while perhaps Improved, is still very unsatisfactory, and the results demand,
prices have advanced to 18@18)$c. for b€Bt
and
of the operations of your oompany do not permit the payment of the
—
April dividend, though they are Bnffijteut to meet aU fixed charges.
Your directors oannot resume dividends in the present disturbed situation, and will not do so until industrial conditions in the district and
8ta r e are settled. It is not deemed necessary to issue further notice
until the oompany is in position to resume the payment of dividends.
—V. 78, p. 2396. 2388.
—
West India Electric Co , Kingston, Jam Uca, Bonds Offered,— E. H. Gay
Co. offer at par and interest $50,000 of
the outstanding $600,000 first mortgage 30-year 5 per cent
first mortgage coupon bonds ($500 each), due Jan. 1,1928;
interest payable January and July at Montreal Trust & Daposit Co., Montreal, Can.
Earnings.— For years ending Dec. 31, 1903 and 19~i2:
&
Tear.
1903
1902
Qross.
Net.
$138,724
129,810
$75,072
64,436
Interest. Bal.,sur.
$35,490
35,171
$39,532
29,265
-V. 76, p. 753.
Western Electric (Bell Telephone Manufacturing) Co.—
Earnings.— The newspaper accounts of the annual meeting
held in February reported the results for the year ending Nov. 30, 1903, as follows Total sales, $30,250,000, against
:
$28,626,800 in 1902; net earnings, $2,760,000; cash dividends (8
p. c), $920,000; total surplus on Nov. 20, 1908, $8,970,000. The
company
is building a large new plant at Hawthorne, eight
miles from Chicago, and, it is said, will pay for the cost of
the same, about $1,000,000, out of earnings. There is now
$12,000,000 of outstanding stock.
See V. 76, p. 439.
—The Audit Company of Illinois, on account of the rapid
growth of its business and the necessity for larger quarters
will about May 1 remove from its present tenancy in the
New York
Life Bnilding, Chicago, to a commodious suite of
rooms, Nos. 635-642, inclusive, in the Marquette Building,
oorner of Dearborn and Adams streets.
Western.
Brazil grades of coffee have be9n in slightly better deinterior trade showing more interest as a buyer.
Offerings of "commercial" grades have been limited and
prices have been firmly held, closing at 6%c. for Rio No. 7
and 7%c. for Santos No. 4. West India growths have been
steady at 8}^c. for good Cucuta. Eist Iadia growths have
been quiet. Speculation in the market for contracts has
been quiet but prices have advanced slightly on an improving
statistical position.
The close was steady.
Following are the closing asked prices:
April
5-50o. July
5-85o. Nov
630a
May ......... 5 60e. 8ept
6-10o. Deo
640o
June
575c. OOt
6-45o
wmm,~~ 6'200. Jan....
Raw sugars have had a fair sale but the close was quiet at
3 21-82c. for centrifugals, 96-deg. test, and 3 5-82c. for muscovado, 89-deg. teat.
Refined sugar has been in moderate
demand and firm at 4'50o. net cash for granulated. Teas
have been quiet but steady.
Kentucky tobacco has been quiet and unchanged. Seedleaf tobacco has had only a limited demand.
few sales of
old crop Wisconsin have been made, and it is understood
that negotiations are now under way on some fairly goodsized lines.
ivana tobacco has had a fair sale at steady
prices.
Sumatra tobacco has been steady. First arrivals
in this country of new crop have been reported.
Straits tin has been in increased supply and prices have
been easier. At the close the demand was improving and
the market was firm at 28 20@28'30c. Ingot copper has been
firm on the large export business, closing at 13c. for Lake
and 12'90@13c. for electrolytic. Lead has been in fair demand and steady at 4 60® 4 65c Spelter nas had a fair sale
at 5'15c, closing tteady.
Pig iron has been in fair demand
and firm at $14'75@15 25 for No. 2 Northern and $13-75 for
mand, the
A
H
,
,
—Lee, Higginson
& Co.,
Boston, have issued their annual
publication describing in tabular form some seven hundred
railroad and other bonds, and giving for each its market
price and the yield thereon to the purchaser.
Boissevain & Co., No. 15 Wall St., have issued a circular
calling attention to the development of the business and
earnings of the Colorado Southern Ry. Co. and recommending for investment its first mortgage 4s.
—
No. 2 Southern.
Refined petroleum has been easier, closing at 850c. in bbls.,
11 '20c. in cases and 5 '60c. in bulk.
Naphtha has been unchanged at 12 40c. Credit balances have been easier, closing
at $1 68. Spirits of turpentiue has been steady, closing at
59(359^0. Kosins have been quiet and unchanged at $2 75@
280 for common and good strained. Wool ha* been firmly
held. Hops have been quiet.
.. .
..
*
THE CHRONICLE.
12»0
COTTON.
Friday Night, April 1, 1904.
The Movement of the Crop as indicated by our telegrams
from the South to-night, is given below. For the week ending
this
.
.
.
[Vol. lxxviii.
In addition to above exports, our telegrama to-night also
give us the following amount! of cotton on shipboard not
cleared, at the ports named.
add similar figures for
New York, whloh are prepared for our special use by Messrs,
,
We
& Barrows. Produce Exchange
Lambert
evening the total receipts have reached 56,125 bales,
against 64,442 bales last week and 65,687 bales the previous
week, making the total receipts sinoe the 1st of Sept., 1903,
6,701,609 bales, against 7,021,584 bales for the same period of
1902-3. showing a decrease since Sept. 1, 1903. of 819,976 bales.
at—
Receipts
Mon.
Sat.
Galveston
3,416
Wed.
Tuts.
245
4,162
4,575
Thurs.
1,196
.
15,103
276
3,697
5,003
4,275
4,533
1,500
21,369
98
233
276
40
179
1
827
968
1,128
1,470
1,061
2,412
1,196
8,235
61
224
1
408
226
408
505
1
1
<fco
Bransw'k, &o
Charleston ....
Pt. Royal, <feo.
Wilmington
Wash'ton,&o.
Norfolk
N'p'tNews,Ao.
New York.
Boston
..
Baltimore
Phlladelp'a,
4
899
104
1
7
748
795
1,297
147
686
263
117
36
875
87
1,191
1,012
100
412
26
301
8,239 11,126
7,999 11,471 12,393
152
40
167
Ac
week
Tot. this
1,510
2,851
Mobile
Pensaoola,
Toted.
276
Sab. Pass, &o.
New Orleans.
Jri.
Building,
ON SHIPBOARD, NOT CLEARED FOR—
Leaving
April 1 at—
Brsat
GerOther OoastBritain Fr'nee many. For'gn wist.
New
Orleans.
Galveston.. ..
Savannah..
382
8,042
6,857
3,688
4,450
stock.
Total.
449
860
20,191
12,767
"in
930
7,200
7,200
2,000
1,500
4,875
6,548
2,069
105,594
44,468
8,684
7,630
590
269,469
11,308
54,848
..
Charleston . .
Mobile
Norfolk
New York....
Other ports .
1^500
1,200
"oOO
Total 1904..
17,599
382 9,693
44,578
499,179
Total 1903..
Total 1902..
42,330 5,177 25,604 26,001 11,118 110.230
37,171 11,422 12.330 20.777 15,126 96,826
317,385
586,063
"755
300
8,220
Speculation in cotton for future delivery has been fairly
aotive, and for the week prices show a slight advance. Early
in the week there was a considerable reaction in prices, fol-
lowing the advance based on the crop report issued by the
Census Bureau. At a price above 15c. per pound speculation
2,023 appeared to be slow to follow cotton, and the demand from
898 spinners at above this basis also showed a tendency to lag. No
412 aggressive bull support was given to the market, and as there
developed fair selling to realize profits, the market weakened.
179
During the latter part of the week the market again developed
4,897 56,125 a steadier undertone, a small movement of the crop exerting a
650
5,580
167
bullish influence. At the reaction in prices reports became
The following shows the week's total receipts, the total since current of a revival of interest in actual cotton on the part
with
year.
last
Sept 1, 1903, and the stocks to-night, compared
of spinners, and this had a strengthening influence.
According to some reports information was being received from
Sto
1902-03.
1903-04.
Receipts to
April 1
Galveston...
Sab. P., Ac.
New Orleans
Mobile
P'saoola, &e.
Savannah...
Br'wlok, *tCharleston.
P. Royal, Ac.
Wilmington.
Wash'n, <fec.
Norfolk
N*portN.,&o
New York...
Boston
Baltimore. .
PhlladeU&c
Since Sep.
1, 1902.
This
week.
Since Sep.
1, 1903.
This
week.
16,809 1,948,244
14,263 129,010
45,331 2,056,020
198,741
1,419
6,049 148,858
11,982 1,233,740
1,951 121,740
15,103 2.257,391
276
99,261
21,359 1,828,989
827 190,419
126,180
8,236 1,082,626
408 120,760
505 150,788
1
1,069
152 320,677
1,264
336
439,144
16,668
9,570
20,702
24,560
12,469
5,680
167
2,023
898
412
179
24,065
68,435
289.660
7,478
150,701
3,921
54,848
7,498
4.875
63,752
6,789
10,066
6,090
4,744
9,269
10,527
207,586
221
327,411
387
458,701
30,809
27,928
82,127
37,126
22,935
64
4,307
219
271
1,573
1,163
694
305
62,491
40,000
3,714
2.475
107,594
27,000
3,122
1,953
543.757
56.125 6,701.609 106,359 7,021,584
Totals
1903.
1904.
1
427,615
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipts
at—
Galves'n, &o.
New
Orleans
Mobile
Savannah...
ChaB'ton,
Wilm'ton, Ao
Norfolk
N. News,' Ao.
31,072
45,381
1,419
11,982
15,379
21,359
827
8,235
64
506
152
<to.
1902.
1903.
1904.
1,264
4,307
1900.
1901.
6,378
1,324
45,702
35,218
551
17.371
902
479
983
4,910
18,273
25,816
2,623
11,157
2,132
2,683
2,932
198
17,797
83,611
21,066
18,652
726
219
676
All others...
5,580
167
3,920
10,701
12,680
5,998
187
10,637
wk.
56,125
106,359
66,890
117,549
Tot. this
1899.
14,192
29,946
933
7,857
2,799
760
3,713
1,247
12,519
73,966
Slnoe Sept. 1 6701,609 7021,58416879,260 6511,832 6039,826 7726,328
The exports for the week ending this evening reach a total
of 72,802 bales, of which 40,820 were to Great Britain, 14,481
to France and 17,051 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1903.
Week Ending Apr. 1,
Exvortfd to—
from —
Qreat
Brtt'n.
—
(Jalveston
Sab. Past, Ac.
New Orleans..
Pensaoola
Savannah
Bmmwlok
....
France
1904.
Conti- lul.il
Week.
nent.
11.51.2
11,502
26.403
14,430
16.8H2
58,215
......
..••••
MOO
1,«00
....«•
......
...•••
..•••.
From
Apr.
Exported to—
Sept.
Qreat
Britain.
67.880
1,000
1
877
3
1,864
400
777
50
M
Baltimore
678
678
....
200
183,393
6,860
200
23,0d7
1,
1904
Total.
695.003 1.772.710
71,949
89.064
628,669 1,862,137
61,835
64.746
116,760
110,464
617,869
774,118
91,925
43.066
43,055
234,458
86H
122,69(1
829,769
84,632
84,480
29,479
39,494
87
39,167
5,668
2,440
1,001 668.639 2,400,536 6.245.176
40,820
14.431
17.051
BMM
1M.1W4
80.806 182,364 •,6(9,891 726.988 8.084,171 5.980.660
2,11!
Middling Fair........
...
Strict Good Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary .....
Stood Ordinary.... ..„.._
Strict Good Mid. Tinged..
On this basis the
the past
096 en Strict Middling Tinged..- 006 off
062 on Middling Tinged
012 off
44 om Strict Low Mid. Tinred...
014 oft Low Middling Tinged.
0-84 off
0-50 off
0-38 off Strict Good Ord. Tinged... 0-84 off
0*50 off
0-73 off MlddUftg Stained
1-00 off Strict Low Mid. Stained... 1-06 off
0-80 01 Low Middling Stained -. 1*50 off
official prioes for
week— Mch.
26 to Apr.
UPLANDS.
Sat.
a
few of the grades
1—would
in
for
be as follows.
on Tnes
Wed Th.
14-30 13-90 1390 1415 14-35
1492 74-52 14-52 14-77 14 97
Good Ordinary.
Low Middling..
Middling
Good Middling.
Middling Fair..
FrI.
ft
©
tf—
1530 14 90 14 90 1515 1535
1574 10*84 1534 16.69 la-79
16-26 15-86 15-86 1611 16-31
GOLF.
Sat.
mon Tues Wed
Tb. Fri
1415 14-15 14-40 14-60
1517 14-77 14'77 1502 15-22
15-55 1515 1515 15 40 1560
Good Ordinary.
14-55
Low Middling..
Middling
la-99 lo-59 16-59 lo-84 16-04
16-51 16-11 16-11 1636 16-56
Good Middling.
Middling Fair..
STAINED.
Sat.
HonTDei Wed Th.
13-80 13-40 1340
Low Middling
14-80 14-40 14-40
Middling
Strict Low Middling Tinged... 1496 1456 14-56
15-30 1490 14-90
Good Middling Tinged
13-65 13-85
14-65 1485
14-81 1501
1515 15-35
ft
o
S=
0.
s>
Frl
Holiday.
for middling upland at New York on
eaob of the past 82 years have been as follows.
The quotations
April
1
for
1904. ...0.15 35
1896....0.
7">s
1888. ...0. 9i6,e
1880. ...0.13
long
10»8
1879
1887
10»8
1894.
.. 7*4
1886. ..... 93i 6 1878
11*8
1898
1885
1877
11-e
83, 6
- 8«B
9»8
1892..~.
1884
117, «
1876
133a
16i>8
10l 16
1891.
1875
6Ki S
1883
9
12i«
63 lfl
1890
1882
1874...... 17
ll'is
IOH16 1878
20
_103 ia 1881
7Bi6
1889
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 olosed on
same days.
9 90
9
1903
1902
1901
1900
1899
1898
1897
I8tf6......
SPOT Markbt
Olo6bd.
2.066
1,600
38,592
by the Revision Committee, at whloh grades other than
middling may be delivered on oontraot, are as follows.
Falr....................„.o. 130 on Good Middling Tinged ..0.
Even
»••
303.688
1,300
78,934
50,838
27,083
Fran., Ac.
72,302
Continent.
7,124
...
1,860
Total, 1909-03.
Franci
84,801
......
Wilmington...
Norfolk
N'port N„ Ac.
Ban
1908, to
761.088 816,619
17.115
604,668 281.010
86,122 16,308
88,087 18,691
170,465 60.299
Charleston....
Port Royal....
Philadelphia.
1,
Manchester of an improving situation in the cotton-goods
trade, the indications pointing to a more active business with
both India and China. Thursday there was a fairly active
and firmer market.
Numerous reports were heard of a
better demand from both domestic spinners and exporters
for actual cotton, and there was steady buying for the account of shorts to cover their contracts over the holiday
season, the Exchange being closed on Friday and Saturday.
The close of the market was steady at a net gain in prices
for the day of 14@26 points. Cotton on the spot has been
quiet, closing higher at 15 35c. for middling uplands.
The races on and off middling, as established Nov, 18, 1908,
Saturday
Dull, 68 pts. ad.
Monday... Quiet, 40 pts. do
Dull.
Tuesday
Wednesday Dull, 25 pts. ad.
Thursday.. Dull, 20 pts. ad.
Friday
.
Total.
FUTUBBS
Markbt
closed.
Steady
Quiet
Steady
Steady
steady
Saxbs or Spot a oohtbaot
import.
Oonlump.
Oontraot.
Total.
...
...
...
3,300
3,300
1,400
1,552
600
600
3,900
6,852
1,400
1,552
Hon day.
2,952
.
Apr.
:
a
..
THE CHRONICLE.
2, 1904.]
Futubes.—Highest, lowest and
closing prioes at
New
York.
1281
—
At the Interior Towns
the movement that Is the receipts
since September 1, the shipments for the
week and the stooks to-night, and the same items for tb
corresponding period of 1902-03 ia set out in detail below.
week and
for the
—
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Overland Movement for the Week and Since Sept. 1.—
below a statement showing the overland movement
tor the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
April \ and since Sept. 1 in the two vears are as follows.
We give
SiS^*
.
W~ Continental imports past week have
been 96,000 bales.
The above figures for 1904 show a decrease from last week
of 70,787 bales, a decline of 355,429 bales from 1903, a decrease
4>f 839,748 bales from 1902 and a loss of 746,638 bales from 1901.
1902-03
1903-04.
April
1.
Since
Week.
Sept.
1.
Week.
Since
Sept.
1.
Snipped—
Via St. Louis
Via Cairo
Via Bock Island
Via Louisville...
Via Cincinnati
Via other routes,
7,276 t472,482
2,947 240,944
11,702
6,065
26
129
560
Between
Ac...
........
towns
Inland, <to., from South
1
94
13,402
2,542
107,443
30,633
181,503
198
Total gross overland..... ......
Deduct $kipment$—
Overland to N. Y., Boston,
bales.
'
Wtt
ThlB year's figures estimated.
The above totals show that the interior stocks have decreased during the week 27,452 bales, and are to-night 53,539
bales more than same period last year. The receipts at all the
towns have been 31,358 bales less than same week last year.
Amtruan—
479,000 609,000 1,013,000 661,000
64,000
Continental stocks
. ^mmmm
629,000 580.000 565,000 449,000
Amerloan afloat for Europe... 193.000 517,000 283,000 40 1, ooo
United States StOOk
...... 543.757
427,615 682,889 830,303
Onlted States Interior stooks. 272,793 219.254 399,028
561,087
United Statesexports to-day.
11,502
22,612
2,100
5,883
Total Amerloan
._. 2,193,052 2,375,481 2,948,800 2,904,490
Idfl Indian, Br at it, de.—
Liverpool
stock
v-^.».^m
„
„_^ 88,000
74.000 126,000
114,000
London stook
11,000
6,000
13.000
7,000
Continental stocks
64000
51.200
29,000
37,000
India afloat for Europe . ...™. 224 000 195,000
96,000 137,000
gypt. Braill, Ac, afloat
27,000
34,000
18,000
48,000
ftook In Alexandria, Egypt... 225.000 125,000 214,000 190,000
Btook in Bombay, India
891,000 715,000 581,000 532,000
Total East India, Ac. _.. 1,020,000 1.193,000 1,094,000 1,055,200
Total American..... ,....2,193,052 8,376,481 2,948,800 2,904,490
Total visible supply
3,213.052 3,568,481 4,042.800 3,959.690
upund, Liverpool..
429 s2 d.
433 8a d.
8-28d.
536d.
Middling Upland, New fork.. 1535c.
10-150.
8? 1h e.
93,80.
Egypt GoodBrown, Liverpool
6'8 d.
9»8d.
lOHd.
Bkd.
Pern r Bough Good, Liverpool 10'25d.
790d.
7d.
7H&
Broach Hue, Liverpool.. JL4S8d.
49 l6 d.
7Hted.
5d.
Unnevelly Good, LlverpooL..
75 18 d.
5d.
4Bad.
4&i A d.
o<
*
.'
Manchester stock
oiw
wco^x^aViVico wto»aoso
^~ICOtOCDtOl».V10l»'K5>4COl^WOreWO»Oi>JOlCOll^C(.OS«0>0'COOtC
co
•a
1904.
1903.
1902.
1901.
Block at Liverpool.
.bales. 667,000
683.000 1,139,000 775,000
Stock at London..
11,000
7,000
6,000
18,000
atook at Manchester
..__
64.000
Total Great Britain stock, 642,000 690,000 1,145.000 788,000
•took at Hamburg . .... ....
8.000
7.000
18,000
16.000
Stock at Bremen
.......... 372,000
316,000 262,000 243.000
took at Antwerp
._..
4,000
3,000
8,000
5,000
Stock at Havre
....
225,000 217,000 236,000
169,000
Stock at M ar eeUlea. . ..
3,000
8,000
2,000
5,000
4tock at Barcelona
35,000
39,000
54,000
29,000
Stock at Genoa.
81,000
19,000
_....
32,000
28,000
Stook at Trieste . ..__.
6,000
6.000
„..
5,000
5,200
Total Continental stoeka.
683,000 609,000 602,000 600,200
Total European tOCks.^.l, 326,000 1,289,000 1,747,000 1,288,200
India ootton afloat for Burope 324,000 195,000
96,000 137,000
mer. cotton afloat f or E'rope. 193,000 517,000 283,000 401,000
<rypt. Brazil, Ac. .aflt.f or E'pe
27,000
48,000
34,000
18,000
Stock In Alexandria, Egypt... 225,000 125,000 214,000
1 90.000
itockln Bombay. India....... 391,000 716,000 581,000 532,000
Btoek In United States porta.. 543.757 427,815 682,889 830,303
Btoekln U. B. interior towns.. 272,793 219,254 399,028 561,087
United Bt ate n exports t o-day ..__ 11.502
22,612
5,883
2,100
Total visible supply
3,213,052 3,568,481 4,042.800 8,959,690
Of the above, totals of Amerloan and otner descriptions are as follow «
-J
-M OI I- OS CJ>
19
But to make the total the complete figures for to-night
(April 1), we aid the item of exports from the United States,
including in it the exports of Friday only.
VjT-V-o.a:
m»^^*i^ob
to
6
o
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to
;
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*-
to
CX
O
The Yibiblb supply of Uottor to-night, aa made up bj
cable and telegraph, Is ai follows, Foreign stocks, as well
aa the afloat, are this week's returns, ana consequently all
foreign figures are brought down to Thursday evening,
Liverpool stock
5s
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2.180
3,512
....
42
..
612
3,862
15,237 1,046,432 26,252 1,274,331
*c
Interior
3,322
656,057
190,669
1.977
28,947
121,986
31,608
243,097
6,454
67,301
29,331
78,979
3,701
2,988
2,281
170,116
39,669
44,471
10.008
170,611
8,970
254,156
Leaving total net overland
5,229
16,800 bales added as correction.
876,82ll 17,282 1,020.175
The foregoing shows that the week's net overland movement
year has been 5,229 bales, against 17,282 bales for the
1908, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 144,354 bales.
this
week In
1902-03.
1908-04.
In Sight and Spinnert
Takings.
Net overland to Apr. l
Southern consumption to Apr.
Since
Week.
1.
Total marketed
Sept.
1.
_
Week.
.
Since
SbpL
l
56,125 6,701,609 106,359 7,021,584
5,229, 875,821 17,2821.020.175
42,00Ojl,251,0O0 41,000 1,246,000
103,394 8,628.430!l64,641 9,287,759
261,191*22,913 106,176
•27.452J
Came Into
Bight during week.
Total In sight Apr. 1
North'n spinners' tak'gs to Apr.
Decrease daring week.
Movement
Wctk1902-Apr. 4
1901-Apr. 5
1900 Apr. 6
1899- Apr.
7
1..
141,728
75,902
|9,08B,621
9,443*935
24,808 1,949,865
40,001 1,818,098
into sight in previous years.
Baits.
Bale:
Since Sept. 1—
_ 9,294,130
87,558 190l-02-Apr. 4
8,966.654
139,186 1900-01— Apr. 5
8,191,847
_.. 79,383 1899-00— Apr. 6
121,821 1898-99— Apr. 7...._ 10,075, 43 3
...
I
-
.
THE CHRONICLE.
-282
Quotations fob Middling Cotton at Otheb Markets. Below are closing quotations of middling cotton at Souther i
and other principal cotton markets for each day of the week,
Week ending
April 1.
Sal veatou.
New Orleans
Mobile
Satur.
Wedne*.
Thurs.
14'8
14^8
llSg
14^8
14^8
14'8
14«8
1408
15
14%
15
14 90
15
15-40
15
15
Sues.
idun.
15
15»«
144l
14%
14»8
14%
15
14-75
15 00
15
15 30
15-2 5
14-y0
15
Philadelphia
1.V.V5
1515
1515
Augusta...
Memphis...
15M
14^
14%
14H
Savannah...
Charleston
15
St.
.
Louis...
Houston
Little
Ron*
15
15
151fl»l4
15
14%
14%
15
U''8
15
14'e
144
1438
14^
;-.v
V
16-15
15
16-60
^
15U
s
-
15H
15i«
15
14'8
14%
New ubleans Option Mabket.—The highest, lowest and
dosing quotations for leading options in the New Orlean?
cotton market the past week have been as follows.
March—
Monda
Mch. 26
Mch. 28
*>
— — «14
15 -oo a
14-47®
—
Range
Closing
Sat'dav.
.
.
Mat—
—
Tuesday, Wed'day, Thursd'y
Mch. 29 Mch. 30. Mch. 31
64
—
—
t»
— —
14 679 - 14-669
Range.... 14-9P8V42 14 80® 40 1405 9-C6 14-84
15-87ff-38 1482* 83 14-919 92 14-99
Closing
.
.
JTJLY—
Range
Closing
. .
August—
Range
Closing
.
.
ft
?
Frx'tay,
Apr.
1.
— — 9—
-
— a—
14-909-98 14 47* 80 14 459-70 14 00 9
14-93 9 94 14 48 1 00 14 57 -60 14 65*
08 15-139-31
15-23 it -24
—
-
14-719-88
14-80 9-81
»
©
C
Pi
Range.... 11 -79 « -20 11-87W 18 11 809 13 1200 9 - 1215* -20
12 17* 18 11 89 9-92 1200 9 06 12-03 9-04 1215 9
Closing
—
Tone—
Quiet.
Spots
Options.
.
Steady.
Easy.
Quiet
Qulei
Swady.
Quiet.
8teady.
Steady.
Quiet.
Weather Reports by Telegraph.— Oar
telegraphic advices from the Scuth this eveniDg are, as a rule, of a quite
favorable tenor. The weather, on the whole, has been satisfactory during the week, and good progress is being made
with farm work. At a number of points planting is making
good headway and elsewhere is about beginning.
Galveston, Texas.— There has been no rain during the
week. The thermometer has ranged from 48 to 76, averag
ing 62. Month's rainfall fifty-seven hundredths of an inch.
Corpus Christi, Texas. We have had rain on one day the
past week, the rainfall reaching two hundredths of an inch.
Average thermometer 66, highest 84, lowest 48. Maroh
rainfall seven hundredths of an inch.
San Antonio, Texas.— There has been rain on two days during the week, to au inappreciable extent. The thermometer
has averaged 67, the highest being 93 and the lowest 44.
Palestine, Texas.—There has been rain on one day during
the week, the precipitation beinsr two hundredths of an inch.
The thermometer has averaged 59, ranging from 36 to 83.
Abilene, Texas.—There has been no rain daring the week.
Tne thermometer has ranged from 86 to 92, averaging 64.
New Orleans, Louisiana. We have had rain on one day of
the past week, the rainfall reaching seven hundredths of an
inch. Average thermometer 64.
Shreveport, Louisiana. We have had rain on one day during the weeK, to the extent of sixty-seven hundredths of an
inch. The thermometer has averaged 61, the highest being
84 and the lowest 39,
Columbus, Mississippi.—There has been rain on three days
daring the week, the precipitation being forty-seven hundredths of an inch. The thermometer has averaged 54, ranging from 82 to 75.
Vicksburg, Mississippi. Planting will begin next week.
There has been rain on three days during the week, the precipitation being one inch and ninety- five hundredths. Average thermometer 59, highest 84 and iowest 88.
Little Rock, Arkansas.— Farmers are well up with their
work. We have had rain during the week to the extent of
eighty-six hundredths of an inch, on two days. The thermometer has averaged 56, the highest being 80 and the low-
—
—
—
—
est 32.
—
Meh. 31, '04
—
Apr.
2. '03.
feet.
feet.
Haw Orleans
.— ot* Above serool gauge.
(amphli..^. ..— ....Above sero of gauge.
123
312
200
faahvme....
33 9
12 9
34-7
16-2
29 9
862
512
.
,
Ihrerepoit.... -.— ....Above sero of gaoge.
1903-04.
Receipts at-
5
OCTOBEK-
. .
hiphest being 84 and the lowest 41.
Madison, Florida. There has been very light rain on one
day during the week. Average thermometer 64 h'ghest 88,
India Cotton Movement from all Ports.— The receipts
of cotton at Bombay and the shipments from all India porta
for the woek ending Mch. 31, and for the season from Sept. 1
to Mch. 31 for three years have been as followf
J -00
15-32* 83 15-30® 81 15 019 00 15-30901 15-08 ^70
15-78 » 79 15-25 3> -26 16-369-37 15439 44 15-679-68
Acreage will be large.
There has been rain on
two days during the week, to the extent of forty sir hundredths of an inch. The thermometer has averaged 63, the
sections,
and lowest 40.
Savannah, Georgia.— We have had no rp.in during this
week. The thermometer has averaged 64, the highest being
81 and the lowest 60.
Greenwood, South Carolina.—There has b9en rain during
the week, to the extent of sixty-one hundredths of an inch.
The thermometer has averaged 54.
Charleston, South Carolina.— Rnin has fallen on three davs
of the week, the rainfall reaching four hundredths of an inch.
The thermometer has ranged from 46 to 7P, averaging 69.
The following statement we have aiao received by telegraph,
showing the height of the rivers at th« points named, at
3 o'clock March 51, 1904, and April 2. 1903.
1411 16
14*6
I4<9
..
Norfolk....
Fri.
I58„
Wilmington.
[Vol. Lxxvin.
—
CLOSING QnOTATlOWS FOB MIDDLING OOTTOB ON-
.
Boston
Baltimore
.
Helena, Arkansas. Rain has interfered a little with farming. There has been heavyjrain on two days dnriDg the week,
the precipitation being four inches and fourteen hundredths.
Th« thermometer has averaged 55, ranging from 82 to 81.
Nashville, Tennessee.— Rain has fallen during the week, the
rainfall reaching one inch and sixty-five hundredths. The
thermometer has ranged from 29 to 79, averaging 54.
Memphis, Tennessee.— Farm work is active. The river is
thirty-two and one-tenth feet on the gauge, and rising. There
has been rain on one day during the week, the precipitation
being one inch and ninety-eix hundredths. Average thermometer 56-3, highest 80-1, lowest 33.
Montgomery, Alabama. — Planting progressing well. We
have had rain on two days during the week, to the extent of
fifty- five hundredths of an inch.
The thermometer has averaged 62, ranging from 38 to 83.
Mobile, Alabama.— Rain in the interior early part of the
week and frost on Monday and Tuesday. Some young cotton was killed. Planting is making fair progress in many
Since
Week.
Bombay
1902-03.
63 000 1,372.000
I
For
Since
Week.
Sept. 1.
1901-02.
49 0C0 1,615,000
84 ooo 1.659 000
the Week.
Since
Sept 1.
Week.
Sept. 1.
Since September
1.
Exports
Jrom—
Great
Britain.
Continent.
Total.
27,000
29,000
32,000
35,000
29,000
33,000
58,000
28,000
3,000
534,000
488,i OO
263,000
592.000
516.000
266.000
2,000
2.000
1902 03..
3,000
3,000
1901-0 <:..
1,000
14,000
20,000
12,000
17.000
23.000
13,000
1903-04..
1902-03..
1901-02..
8,000
4,000
1,000
25.000
9,000
5,000
33.000
13,000
6,000
Great
Britain.
Continent.
Total.
Bombay—
1903 04
1 902-0 ^
1901 02..
Calcutta—
1903-04
8,000
1,000
.
Madras —
All
others—
2.000
15,000
1,000
2.000
15.000
1,000
4,000
13,000
1,000
66.0OC
54.00C
47.0O0
70,000
67.000
48 OOO
81,000
39,000
44.00O
34.000
73,000
48.000
639,000
571.001
327.000
712,000
619.UOO
333.000
1903-04..
1902 03..
1901-02..
Total
all
-
1903 04..
8,000
19D2-03..
44.<>00
190102..
33.000
i',000
6.000
—
Alexandria Receipts and Shipments of Cotton.
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now reoeive a weekly
oable of the
movements
of ootton 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, Egypt
March 31.
Receipts (oantars)*—
1903-04.
1902-03.
1901-02.
55,000
6,260,753
30,000
5,674,365
65,000
6.331,573
This week
Since Sept. 1
This
week.
gxports (bales) —
4,750 187,026
111.538
6,750 2-.8.098
600 43,02V
To Manchester
T" America
Total exports
A oautar Is 98
Since
Sept. 1.
This
week.
Since
Sept. 1.
3,614 181,051
4,419 130,428
3.51*- 243,285
1,411 72,489
This
week.
Sine*
Sept. 1.
2,479 165,778
8
8. '21 100,824
5,742 298,344
2,158 84,915
12,100 599,684 12,962 627,203 14.200 649,856
pounds.
Manohesteb Market.— Our report received bv cable
to-night from Manchester states that the market is dull but
steady for both yarns and shirtings. Merchants are buying
very sparingly.
give the prices for to-day below and
leave those for previous weeks of this and last year for
We
comparison.
1903
1904.
32* Cop.
Twist.
d.
d.
8H
lbs.
inys,
Shirt
Uplds
to finest.
s.
d.
a.
4.
26 10i« oiosii 6 4»i»9 I 1*
6 3 «9 6
Mar.4 10»8*ll
•'
11|)1>8*11V6 9 09 9
" lSlO'eOUVe 8 99 7»a
" 25101*0
6 6 f>9 6
Apr. 1 lOT gOllsfrS 8 99 8
Fb.
im
Ootl'n
common Mid
d.
8*4 lbs. Shirt- Cott'n
32* Cop. ings,
Twist.
d.
d.
common
d.
B.
•»
«8
7-62 713i6*8 1«
7
6
8-78 7* 1»8»8
8 24 7"i 8 ©8 a8
7-7i 7il l8 »8B 1(|
8-28 7«B «8»4
5^Tr8
6»t»8
832 7% «838
—
5
OS
4m»s
Mid.
Uptd$
to finest.
d
d.
5-40
5-82
2
1* 5-30
1>* 5-40
1»» 5-34
.V36
1
3
Jute Butts, Bagging, &o. The market for jate bagging
has been very dull trie past week. Prices are nominally unchanged at 6}^c. lor \% lbs. and 6^c. for 2 lbs., standard
gradrs. Jute butts inactive at \%@\%o. for paper quality
nd 2@2>£c. for bagging quality.
Apr.
.
.
THE CHRONICLE.
1904.]
2,
c
5,
:
Census Bureau's Report on Cotton Ginning. In oar
issue of Saturday last (March 26), we gave a summary of he
final report on cotton ginned from the crop planted in 19)3
1283
1903-04
-
J
(crop of 190304), lack of space preventing the publication of
Below, however, we present the full report.
full details.
The number
seed
oil
mills
of bales reported by ginning establishments
summarized as follows
Is
and ootton
:
Orop of
1903.
,
1902
Fquare bales (upland) reported from ginneries.. 9.359, *72
770,208
Round bales (upland) reported from ginneries..
75,393
Bales of 8. Id'd ootton reported from ginneries.
194,485
Bales of llnters reported from cot.- seed oil mills
9,992,685
981,214
104,^53
196,223
Total No. of oommerolal bales
(Inol. llnters). 10,399,558 11,275, 1"5
of bales, counting round as half bales
10,014,454 10,784,4-3
(lnoludioglliiters)
Equlv. bales of 500-lbs. Btandard (inol. llnters). 10,045,614 10,827,168
Number
The following table distributes the crop (exclusive of llnters). by
and Territories
Upland
Sea ^—Equiv. joo-lb. balesTotal
Square
Round Island,
States and Oommc'l
States
.
Territories -
bales.
—
.
bales,
bates.
bales.
1903.
1902.
956,21
9rO,488 73,471
986,221
734,593
689.941 51,295
30.732
27,840
52.386
Georgia.... 1,329,278 1,244,798 46,868 37,612 1,267,364
278,347
Indian Ter.
312,776 226,728 86,048
75
75
Kansas
75
Alabama... 1.02J.959
Arkansas...
741,236
Florida
58,572
644
Kentueky..
Louisiana..
Mississippi.
Missouri.:..
N. Carolina.
Oklahoma..
S.Carolina.
Tennessee..
Texas.
Virginia....
644
970,205
58,9^0
1,425,04*
351,59*
50
697
7,213
882,073
824,965
858,568 7*7,«07 80.961
1,432.796 1,443.740
1,439,284 1,382,316 66,978
42,25^
32,957
6,326
37,813
39.293
21
528,707
649.542
555.330 555,309
18«,589
204,967
168,946 36,011
193.784
9.941 787,425
925,490
814,351 804,410
248,996
317,149
250,437 231.180 19.257
2,471,081 2,498,018
2,562.632 2,249,660 312,972
13,681
13,074
13.681
15 611
Un. States.. 10,205,073 9,359,472 770,208 75,393 9,851,129 10,630,945
The data for the above statistics have been collected through a oau
vass of the Individual ginneries of the ootton States by 631 local
special agents, who found that 30,218 ginneries had been operated for
the crop of 1903, compared with 80,948 lor 1902. In the final canvass
for this crop where ginners had not finished ginning they were requested to prepare oaretul estimates of the quantity of ootton which
remained to be ginned at their establishments; these estimates,
amounting to 75,401 commercial bales, have been included in toe
totals of the above tables.
The complete annual report on ootton ginning, distributing by
counties the production of the last five years, will be published about
May 1.
Domestic Exports op Cotton Manufactures. We give
below a statement showing the exports of domestic cotton
manufactures for February and for the eight months ended
Feb. 29, 1904, and for purposes of comparison like figures
—
for the corresponding periods of the previous year are also
Quantities of Manufactures of
Ootton (colored and uncolored)
Exported to—
Month ending
1904.
106,22!!
"
i Y.o'o'c
69,571-
931.179
America &
Brit.
Honduras.
Other West Indies and Bermuda..
1,914,718
31W.550
417.191
1,949.731
1
90.950
i.co6,eOii
Brazil
1,69»,83
884
98t-
607,450
4iv!.88*
18/06,441
657,710
26,000
4.145
236, lbO
491.695
1,4*2.52'
428.412
24,7c 5
Feb. 29
1908
8 mos. ending Feb.
1904
397.S86
2,7«:
107.23:
1.499.222
1,179,630
100,677
216.1.9
2,267,110
51,029
901,40)
l.h84.£53
1,787.457
911.416
439.611
3l.642.b00
815.671
161.316
29,762
853,367
31675<!
2,77 9,578
93.77£
11,670
29.
1908
1.857.749
34 012
68,0l>-
753,301
8,771.610
18.2^.608
2,0 i 0,86-
8,687,038
6«,874
127,n80
1,269,857
8,802,917
12.231.023
1,642,88ft
2,378,283
14,28h,161
1,238.518.6V4.MH6
8,165,316
10.676,416
2,089.081
19,832,816
748.HP4
6,7 77.690
8,283.107
24.6b4.055
7.23-1.4(3
4,5>-0.127
3.941,8*2
4,711661
5i.713.18t 180,012.698
5.913.781
9.861.146
268,650
380.712
156.511
300.0 8
2.808 0:6
3.606 K 6
4.8i9,645
3.038,705
22,7*6,838 26,766,111
3,662,169
4,415.078
<sl8,&46
6£ 5,183
Total yards of above
28,423,79'
60,612,161 171.340,430 329.006.346
Total values of above
$1,721,73?
$2,570.10?
roooe
fOJOB
$9,867,648 {> 6.896,884
$-0676
$'0613
. .
'ee.TiV
2.553
3.711
Cent'l
America &
191^
Brit.
Honduras.
Other West Indies and Bermuda..
Brazil
Chill
British East Indies
Philippine Islands
British Africa
All other Africa
63.056
41.-45
21,90
18.817
6.396
8.623
2,020
7,31?
1,437
8,117
8.989
281
8.650
24.876
3.186
8,4-1
1.68
3.J6-
826
80*
222
6.63'-
80,88*
2,288
6.685
16,11'
11.261
119
987
478
Litt-
Tot. value of oth. manufact's of.
Aggregate val. of all cotton goods
9,911
7,8311-95
le 18,76»
I2.S35 601
$616,977
88.(81
7.118
769.7HH
19 697
88.362
1,383.1-66
376,726
843,325
171,996
190.
m
6,715
78,101
16,125
77.976
82.988
81,0625.048
P.V64
88.1*8
2«3.32t
87,702
67.097
101,241
4
6.03Si.tiee
$684,696
te.no
19.661
616,(02
14,124
48,077
1,321,268
20 ',868
282,908
103,141
158,81*
12 (.018
62,717
12.974
6>\2C4
7.195
86,168
21,248
3,751
16 079
311,512
37.156
60,736
133,844
17,478
6.1-8
$1,870,673 $t,894,i99
$8,086,711 $14,73^.821 $21,1P0.1«3
$515 306
week, and since Sept.
three years.
108,103
1,036,202
464,481
6,838,325
468,3^7
5,586.163
731,400
j
1,770,611
1,079,0(0
85,503
5,613
17,271
615,142
9,239,527
1,461,926
10701453
503-64
483-03
1, 1903.
New York.
PHILADELPHIA.
Boston.
Baltimore.
Receipts
Since
This
week.
from—
Sept.
1.
N.Orleans...
3.649
182,51*
Texas.. ..
Savann'h &c
Mobile
6.288
417.088
147,841
490
Since
This
week.
Sept.
Since
This
week.
1.
786
65
4C0
81,991
7,7eo
153
78,680
17,149
Virginia
North, ports
4,441
3,79 s
120,67i
l.OCO
742
8,300
4.115
126,110
200,132
Tenn., Ac.
Foreign
2,023
10,070
20,639
1,505
2 000
19,804
48,871
333
564
18.018 1,016,4 92
10,920
682,242
733
986,816
9,326
662,646
617
No. Carolina
.
Total
Last
year....
1.
Since
Sept. 1.
19,013
21,019
41,63(
Florida...
8o. Carolina
.
Sept.
This
week.
31.78 1
2.0C0
18,900
17,567
1.C00
88.334
12,290
90S
21,148
49,912
1.903
it 0.196
50,948
2,487
151,971
1,05*
—
Shipping News. As shown on a previons page, the
exports of cotton from the United States the past week have
reached 72,302 bales. The shipments in detail, as made np
from mail and telegraphio returns, are as follows:
Total bales.
Liverpool, per steamer Cevlo, 1,860
1,860
To Havre, per steamer Glenroy, I.
1
To Hamburg, per 6t3araer Blueoher, 3..
3
New Orleans -To Liverpool— March 26— Steamer American,
Mar oh 29 -Steamer Custodian, 15,300
11,000
26,300
To Lelth— March 2 8 Steamer Castano, 103
103
To Havre— March 28 -Steamer Atlantian. 12,350
March 29 Steamer Paranagua. 2.080
14.430
To Bremen— Maroh 9 riteamtr Alexandrian, 5,000
5,000
To Rotterdam -March 28 -Steamer Castano, 150
150
To Antwerp— March 29— Steamers Alexandrian, 650; Bellanooh, 2o0
850
To Genoa-Maroh 26— Stoamer Olnnamare, 7,915
March 28- Steamer ntefanla, 1,477
9,392
Galveston— To Liverpool— March 30— Str. Almerlan, 11,502.. 11.502
Mobile— To Genoa Maroh 26— ateamer Sieaoia, 1,203
1,200
Boston -To Liverpool— March 25— Steamer Michigan, 50
Maroh 28— Steamer Saxonia, 327
377
400
To Antwerp-Maroh 25— Steamer Kingrftonlan, 400
s
56
Baltimore— To Bremen— March 23— Steamer Ca sel, 56
678
Philadelphia—To Liverpool -Moh. 25— Str. Frlesland, 678
ii
Total
72,302
Cotton freights at
New York
the past week have been
as follows.
Liverpool
-.c.
Manchester
Satur.
Hon.
Tuts.
Wednes. Thurs.
10912
10912
10912
10912 10912
14
12»s
12ia
12
15
14
209 25
20
20
21
15
28
85
20
15
25927
25927
20
20
20
21
15
28
35
20
15
25
50
20
20
20
21
16
28
85
20
15
25
50
20
20
20
20
15
28
85
20
15
25
50
«.
Hamburg
20
20
21
15
28
35
20
e.
Ghent. .......... .e.
Antwerp
..e.
Reval, Indirect.. e.
Reval, via Canal.
Barcelona, ind'r't.e.
Trieste, asked. ..c.
Janan (via Suez).e.
Fri.
1
•
1
t
t
a
•
50
50
Quotations are cents per 100 lbs.
Liverpool. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c, at that port.
•
—
Mch. 11
Bales of the
week
bales.
Of which exporters took. ..
Of which speculators took
Sales American.....
Aotual export
Forwarded
Cotton Consumption and Overland Movement to Apr. 1
— Below we present a synopsis of the crop movement for the
month of March and the seven mouths ended March 31 for
167,768
1,462,728
The Following are the Gross Receipts of Cotton at
New York, Boston, Philadelphia and Baltimore for the past
Values of other Manufactures of
Cotton Exported to—
$84,084
3,248
8,90 •
62.287
2,2*6
4,966
193,78*
24.762
20,976
14,991
20.298
USM53
153,466
Exports in March
Exports in 7 months
Port stooHS on March 31
Northern spinners' takings to April 1
Southern consumption to April 1
Overland to Canada for 7 months (in
86,5864,289
olnded in net overland)
263
170
Burnt North and South In 7 months....
5,49a
10,502
atocfc at North'n Interior markets Apr. 1
511,432 614,35*^
Game in sight during March
9,060,771 9.396,201
Amount of orop In sight April 1
1,362,1 15
Came In sight balance season
10758326
Total orop
508-57
507 78
Average gross weight of bales
48763
48686
Average net weight of bales
20@25
193.211
6,397
1901-02.
1,044.668 1,260.796
111,604
88,131
875,05f 1,011,932
280.82S
457,524
6,696.715 6,992,269
292,821
753,017
5,233,674 5,909,060
462, "10
555,405
1,945,080 1,798,397
1,244,001 1,225,000
bales
Port receipts In March
Port receipts in 7 months
New York—To
presented
Cent'l
Gross overland for March
Gross overland for 7 months
Net overland for March
Net overland for 7 months
1902-03.
Total stock— Estimated
Of which American— Est'd.
Total import of the week
Of which American
Amount
afloat.... ............
Of whloh American
52,00i
1,000
2.00C
43,00(
8,00(
47,001
538,00(
605,00<
52,00<
Mch. 18
Mch. 25
April
1.
16,000
39,«0
2,000
33,'
1,000
200
200
34 OO
29.0','C
13,000
4,000
88.000
567,000
479,000
5,000
5O0O<
571.00'
4S6.00<
37.00'
34.00'
24.00
159,00<
105.no/
168.00<
107.00*
I
'<
LOCK
57.00C
575,000
4»7,000
72,000
51,000
147.00C
85.001"
34 000
21,000
153,000
91.000
.
.
.
THE CHRONICLE.
1284
The tone
market for spots and futnree
of the Liverpool
each day of the week ending April 1 and the daily closing
prices of «pot cotton, have been as follows.
Market,
12:30 P. M
Monday. Tuesday. Wed' day. Thursd'y Friday
Sat'day.
Spot.
Unlet.
Quiet.
Quiet.
Quiet.
Quiet.
8 08
8-30
8-18
824
8-28
4.000
5 000
4,000
4,000
200
300
200
200
4 000
200
I
Mid. Upl'da.
Sales
Spec & exp.
©
s
Futures.
Market
opened.
Market,
4 P.M.
9°
t
)
advance,
\
-tread} at
42(232 ptB.
J
Very st'dy steady
Irreg. at Excited at
40440 ptl.234s27 pts.
*d5
advance,
Q'tAst'dy
13 pti.
2 pts.
advanoe.
advanoe.
pts.
decline.
at
Quiet at Quiet at Quiet at Steady at
10#18 pts. 11(812 pts. 0®1O pts. ii<ai7 pts.
tdvanoe. advance.
decline. advanoe. advance.
I
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Tues.
Wed. Thurs.
Fri.
8a I.
Mon.
55
56>«
May delivery In elev
53>*
55
55*
Holi51?8
50-%
53
July deUvery In elev
51*
53%
day.
61i«
51
51 7e
Sept. dell very In elev.... 49 7e
52
Oats for future delivery at the Western market have been
moderately active, and prices have advanced. There has been
a considerable falling off in the movement of the crop, and
this, ooupled with reports that crop preparations in the Ohio
Valley were being delayed by wet weather, had a bullish
Locally the
influence. Thursday the market was steady.
spot market has been firmer but quiet.
DAILY CLOSING PRICES OF OATS IN
YORK.
Sat.
Thurs.
Fri.
Mon.
Tues.
Wed.
46I9
46i«
46
HollNo. 2 mixed In elev
46
461*
No. 2 white In elev
47
48
day.
47
47%
47%
DAILY GLOBING PRICES OF NO. 2 MIXED OATB IN CHICAGO.
Sat.
Thurs.
Fri
Mon. Tues.
Wed.
NEW
May
I
prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The
[Vol. lxxviii.
40*
38*
39%
delivery In elev
July delivery In elev
38
Sept. delivery in elev....
32%
40%
38%
32%
32 7s
41%
39%
41*8
39%
33%
Tr nll
day.
33
Following are the closing quotations
FLOUR.
Hon.
Sat.
Meh. 28 Meh. 28
12»a
P.M.
4 12i*
P. M. P. M.
d.
d.
7
Moh.-Aprll. 7
April-May .. 7
May- J one... 7
March
June-July
87 8 04
84 8 01
817 98
79'7 96
77 7 94
75 7 73 7 90
55 7 52 7 69
70 6 756 91
45 6 41 6 59
32 6 316 19
86
85
82
80
7
7
7
7
7 75|7
July- Aug.... 7
Auc-8ept... 7
Bept.-Oot. . . 6
Oet.-Nov.... 6
Nov.-Dee.... 6
Deo.- fan
Jan. -Feb....
d.
4
Meh. 29
4
121*1
P.M. P. M.JP.
d.
Wad. Tiori
T«ea.
d.
M
Meh. 80
12i«| 4
12*4 4
P.M. P.M. P.M, P.M.
d
a.
d.
d.
77 7 98 7 96 8 00
84 7 95 7 93 8 01
81 7 92 7
79 90 7
77 7 88 7
73 7 84 7
51 7 62 7
74 6 85 6
41 6 52 6
31 6 42 6
7
90 7 98
88 7 96
86 7 94
82 7 89
60 7 66
84 6 89
51 6 55
41 6 45
810
8 07
8 04
8 01
7
7
6
6
6
97
74
W
o
9
Superfine
Extra, No. 2
Extra, No. 1
Clears
N. DuL.No. 1
N'thern Man., No.2.
Red winter, No. 2..
Hard winter, No. 2.
p.
bush
No. 2 mixed
No. 2 white
31, 1904,
«5 50
«5 90
®4 70
Patent, winter
$5 25
Olty mills, patent. 5 25
Rye flour, superfine 4 25
Buckwheat flour.
Corn meal-
00
90
25
Nominal.
Western, etc
3 10 ®
60
Brandywlne
3 10 93 15
GRAIN.
0.
0.
Oorn, per bush—
0.
0.
I.o.b.106%
Western mixed
48 ®61
f.o.b.100
No. 2 mixed
1. o. b.61
f.o.b.107
1. o. b.58
No. 2 yellow
f.o.b. 99%
No. 2 white
f. o. b.57
46 348
Rye, per bush47 354
Western
79 »84
Nom'l.
46%»47%
State and Jersey ....
Barley—West
55 -»65
48 -»49
Feeding
49 052
Wheat, per bush—
Oats— Mixed,
96
62
52
BREADSTUFFS.
Thursday. March
Nominal.
Nominal.
Nominal.
$3 90 ®4
4 40 ®4
4 90 ®5
5 25 ®5
Fine.......
Straights
Patent, spring
|
d.
7 99 7 91 7
7 96 7 88 7
7 93 7 85 7
7 91 7 83 7
7 89 7 81 7
7 85 7 77 7
7 63 7 55 7
6 85 6 79 6
6 53 6 47 6
6 43 6 37 6
Meh. 31
Frl.
Apr. 1.
Exports of Grain and Flour from Facifle Ports.— The
exports of grain and flour from Pacific ports for the week
ending April 1, as received by telegraph have been as
follows: From San Francisco to various points, 4,055 bbis.
Only a comparatively small volume of business has been flour.
transacted in the market for wheat flour. Owing to the
Combining these figures with those for previous weeks, we
high oost of good milling grades of wheat, mills have con- have the following, which covers the exports to foreign
tinued to hold firm at top prices. Buyers, however, have countries for the period since July 1, 1903, comparison being
been holding off, being slow to meet the prices named by made with the corresponding period of 1902-08.
sellers; consequently the sales made have been generally of
Exports
Wheat,
Oats,
Barley,
Rye,
Flour,
Oorn,
bush.
bbls.
bush.
bush.
bush.
bush.
from—
a hand-to-month character. Bye flour has had a fair sale at
471
5.200 7,290,620
1,078
a lower range of values. Corn meal has been firmly held, San Fran. 682,254 1,431.667
PugetS'd. 1,500,000 1,443,800
344
85,894 370,179 451,660
especially the better grades, which have been in light supply.
Portland.. 736,700 2,693,000
994,000
Speculation in wheat for future delivery has been moderately active. Early in the week prices made a fair advance.
Weather conditions reported from the interior had a bullish
influence, freezing temperatures being reported from a considerable area of the wheat belt. The present unsatisfactory
outlook for the growing winter- wheat crop had a tendency to
create uneasiness on the part of shorts, and they were buyers to cover contracts. The world's exports of wheat as reported for the previous week showed a smaller total than
expected, and this, too, favorably icflaenced the market, as
did also reports of a fair demand at the primary markets
from millers, During the week weather reports from the
winter- wheat belt have been of a more favorable tenor, and
this had a tendency to create an easier feeling, especially
among bear interests. Thursday the market opened higher
and advanced on stronger foreign advices and shorts covering, but reacted during the day under more favorable weather
news from the West. The spot market was higher early
in the week, but closed easier. Business with exporters has
been quiet.
» NEW YORK*
DAILY GLOBING PRICESOF WH8AT FUTURES
Sat
Mon.
Tuts.
Wed.
108J*
107
No.2red winter, f.o.b... 108»* 108
May
9838
delivery In elev
July delivery In elev
93»a
Sept. deUvery in elev.... 85»s
DAILY 0LO8INO PRICKS OF
99>*
94k
8614
98»s
93>«
8514
Thurs.
Fri.
107
98«8
98i«
85
98>* Holl93»* day.
85
WHEAT FUTURES IN CHICAGO.
Sat.
Mon
Tues.
Wed-.
Thurs.
Fri.
95i*
95»«
9a*
May delivery In elev
95 ^
95 'e
Holi
87i«
87B8
July deliv. tneiev, new. 87>*
88*
873e
day.
83^
81*,
8168
81*
Sept. deliv. In elev
823a
Indian oorn futures have been fairly active and a rather
sharp advance in prices has been established. Bull interests
in the near-by deliveries have beoome aggressive, especially
in the Chicago market, and on their manipulation and an
attempt on the part of shorts to cover oontracts, prices have
been carried to a considerably higher basis. The movement
of the crop has been light, arrivals at the primary markets
showing a gradually decreasing tendency. Not only, however, have the receipts been light, but the percentage of corn
suitable for oontract grades has been small, and it has been
this factor that has created nervousness on the part of shorts,
they fearing a squeeze. Advices received duriog the week
from Argentine reported the prospects for the corn crop
unsatisfactory, owing to unfavorable weather conditions.
Thursday the market was fairly active and higher. Shorts
continued buyers to cover contracts on reports of light coun-
more
especially of contract grades. The spot
market has been firmer but quiet.
DAILY GLOBING PRIG KB OF NO. 2 MIXED 0ORH IN NIC
Sat.
Mon. Tues.
Wed.
Thurs.
Fri.
60
Cash oorn f. o. b
69
60
60»«
61
Holi69**
59**
May delivery In elev
584
60
60»a
day.
56 7e
July delivery In elev
56%
56*
57 7e
57 7e
try offerings,
W
YORK.
TotaL... 2,868,954
1,422
375,379 8,736,280
923.090 7,301,815 214.865
36,365
29,704
5,568,467
Tot. '02-3.2.541.731 22,499,360
The movement of breadstuff s to market as indicated in the
is prepared by us from figures collected
by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending March 26
(tatements below
and since Aug.
Receipts
at—
1,
for each of the last three years
Wheat.
Flour.
Oorn.
have been:
Bar ley.
Oats.
Ry*.
Bbl«.1081bs Bush. 60 lb* Buah.se lbs BusX.32lb> BusJi.48 Ibt Bu.56 lb»
304.482
1,214,300
930,286
200,688
1,708,000
74,086
13.475
95,920
67,950
96,200
Milwaukee
856.650
81,600
Duluth
20,400
8*2,586
62,831
46.180
12,790
45.400
Minneapolis.
1.724.870
346,301
07,470
10.080
93,000
6,00(
600
93,500
18,000
05.000
52,086
6,000
.
Cleveland
8t. Louis
53,820
21,154
172.568
24,450
8.400
17,616
...
Kansas City.
186,446
337,840
288,000
133,800
253,900
Tot.wk. 1804
439.243
338,219
405,484
Same wk. '08.
Same wk. '03.
Since Aug. 1.
1903-1904
183.00C
1001-1903
6.3)3
5,600
83,800
2,886,055
2.400.035
3.079,211
1,099,938
2,224.012
2,684,370
3,4 29.717
2,511,790
3,241.876
8,800,681
644,785
469,277
14,244,618 187.426.669 188,797,800 120,734.270
14,067,693 208,405.921 108.037,880 136,485,83)
14.498.018 198,933.410 03.887.116 09.4-*8.18'
1902-1908.....
7.068
96,000
67,500
108.774
371.260
139.914
248,956
68,420
68,382,872 6,479,968
47,188.852 8,388,133
36.968.746 4,473.744
The receipts of flour and grain at the seaboard ports
week ended March 26, 1904, follow:
for
the
AllKptiai-
NiwYork
kush.
kbit.
61>S8
839.860
47.928
18,887
68,848
'iiieio
183,682
Boston
Montreal
Pkiladelpkla...
Baltimore
Uebmond
•aw Orleans*,
(an port News.
SaiTtitoo
Portland, Ma...
M>btie
St- John, M.
B.,
78,694
2.608
10.086
10,744
188.162
1903..
814,976
8124,629
270
17.708
32.770
10,000
ioo.so'o
8,620
8,624
8.8SO
Total weak....... 463.C57
Wsek
oar*.
Jiiur.
16,00 J
189,154
E05.B48
37.728
200,000
8.671
91,100
25.714
8,007
Total receipts at ports from Jan.
oilows for four years:
)ati...
""836
"
13,680
1
to
188,242
86,316
60,116
67.010
Orleans for foreign
1,188,318
1,120,722
New
March
26
compare as
1008.
5,173,742
4,088.408
1P01.
6,125,368
bulk.
12,620,688
22.890,468
9.306,008
1,100.848
208,766
19,136,088
80,563,463
12,277,616
1,499 604
677,928
17,069,767
6,787,078
0,002,448
1.861,174
3C3.U68
85,656.126
61,262,603
17,708,«4»
1,887.898
658.718
45,702.144
73.145.402
31,498.806
07,058,086
1904.
"
••••••••••a
>**•••«•
Total grain
««
km*
80,900
4.^50,883
lazier
tye....
89,600
1,679
6.846
16,000
8.274
bbli.
*J-
yoaat
897,600
184,503
88,605
130,264
80,804
88,086
46,000
0.441
1,614,806
3,004,133
Receipt! do not Include grain panlng through
ports on through bills of lading.
;orn
iiarlit,
71,788
661,560
661.560
1,218.882
*
tUttivt
riour
Gail,
kusk.
"
1908.
.
•
Ape.
:
1
!
.
!
THE CHRONICLE.
2, 1904.]
1285
The demand for all descriptions of print cloths has been on
a limited scale for some time past and it is evident that some
Oati.
Flour.
BarUv, manufacturers are tiring under the strain of inactivity. They
Corn.
(Vkmt,
bush.
tliiH.
bbU.
but*.
MmvirU frtm- buik.
hik.
have made no change in the price of regular print cloths but
83,032
48,768
1,011
KSWYork
71.071
89.088
"16,780
SCO
6.314
have conceded %c. per yard in staple makes of both narrow
BOlton
818.461
40.000
........
8.030
8,261
85,714
Portland, M«. 16,000
and wide odds. In heavy brown cottons also there are sellers
100
88,878
113.488
Fll.adslpltla
18
86.847
who are showing a willingness to accept orders at prices pre404.888
Baltimore
210
MwOrlun... 82,000 268.880 22.918
viously rejected by them. Business thus secured has baen
quite moderate and little of it for other than prompt or near30.6*9
216.781
16,000
SllViiton."..
In bleached goods the chief feature has been
deliveries.
by
ea
8
8,007
*
Mobile.
8,fc80
0,444
71,783
the decision of the Lonsdale Company to curtail production
St. Johi.N.B.
a policy affecting the output of some of the most popular
88.608
0.873
86.284
Total w»»k.. 315,766 1,418,145 816,826
03,428
4,063
61,003
25,003 tickets in the market.
The demand for bleached is conBamOtlm« O8..1,3W0.1O8 8.8fc5.0»3 353,613
Toe destination of these exports for the week and since fined to small orders without change in prioes. Buyirjg of
such coarse colored cottons as denims, plaids, checks and
Jul" \, 1908, is as below:
Wheat.
-Oorn,-Wlour.in nearly all instances to
Week Bint* July
With Sine* Jin stripes, tickings, etc., is confined
Wult Since July
Mxvorti for
Prices are without
filling modest current requirements.
26.
1. 1003.
wnk and Hnn Mar. 26. 1,1903. Mar. 86. 1, 1008. Mar.
Otifft.
bu$h.
buth
bbli.
buih.
bbli.
July 1 to—
quotable change, although some limits nominally held
35,903,858
470,157
117,481
160,766
23,612,838
8,166.108
Kingdom
Onlt«d
Wide sheetings, sheets and pil014,253 23.038.7CO have been quietly lowered.
Sn.ibH 1,700,447
66,000 18,027,541
Dominant
11,662
6*3,635
107,798
10,020
A O. America. 16,796
flannels and blankets have been quiet
and
cotton
low
cases
16,877
bl0,813
20,072 1,020.755
Wilt IndlM
134.324
and without special feature. Business in printed calicoes
1,018
120,261
r N.Am.Oolo'l
""'696 1,415.466
277
408,738
C8B.686
loutrlii
Otkar
shows no improvement, only small orders being recorded for
The tone of the market, while dull,
218.826 12.277.F36
215,765 64,435,156 1,413.146 60.067.432 either staples or fancies.
To t«l
Total 1903-08.... 353.613 18.301.010 1,399,108 93,768,121 8.9*5,088 60,641,025 is, however, quite steady.
Ginghams are in moderate reThe visible supply of grain, comprising the stocks in quest at full prices.
granary at the principal points of accumulation at lake and
market for men's
The exports from the several seaboard ports for the week
ending March 26, 1904, are shown in the annexed statement
'
,
,
.
•aboard ports, March 26,
/MM,
imlirulk«MA.
452,000
awYork
Do
1904,
was
—
as follows:
Otrn,
Oeti,
kttifc.
fcuiA..
418,000
837,000
J9ar..
(
bulk.
bulk.
34,000
S07.OOC
ee.odt
83,000
171,000
74.000
1,000
208.000
1,000
40.000
4,000
32,000
285.000
340. OC'C
777,000
'21.bo6
"1,000
afloat...
Boiton.
Philadelphia
Baltimore
New Orieani
SaiTetton
Montreal
**•• »*•«
.
Toronto....
Buffalo
Do
261,000
399,000
1,007,000
606 0UO
718 000
46.000
36.000
en.ooc
191,000
688,000
121,00*
'77,006
loo.'o'o'o
12,000
"li.ooo
3,798.6bc
8,0»4.no«
100,900
364,000
268,000
803.000
''7.OOO
563.a*r>
afloat
afloat
2,685.ooo
afloat
....
eoo.ooe
96,000
8.079.0JO
Fort William
Port Arthur
Dolnth
863,000
60,000
l,616,«)0w
4,090,000
18,000
2,148,000
171,000
626.001
11,598,000
8,869,000
63,000
656,000
1.981.000
99,000
106,000
6.000
1,861,000
19.000
896,000
'9O7,'66'0
58,000
836,000
30,000
48.000
20,000
afloat
Minneapolis
Bt.Louli
„ Do
408,000
130,000
1,469.000
Milwaukee
Or
*float
Do
'
afloat...
Toledo.
Do
Detroit
Do
Oaieai-o
Do
19,000
8.006
278,000
afloat......
KaniaiOlty
Peoria
1,000
143,000
Iialanapolli
198,000
126,000
OBMlialiaipplBlver.
OaLaket
152,000
138.000
8S,0O0
17,000
69,000
32,611,000
8^,926,000
43,291,000
1902. 49,666,000
1901.. .54,749.000
10.050,000
9.511,000
10,802.000
8.799.000
88.287.000
10.8S6.000
10,689,000
7.307,000
3,148.000
11.156,000
980,000
959.000
3.600.000
3,696,000
l,6i6,0C0
1.576,000
1.068,000
OaeanalandrlTer.
Total
Total
Total
Total
Total
Mar.
Mar.
Mar.
Mar.
Mar.
26.
19,
28,
29,
80,
.
1904.
1904.
1903.
1.077.000
2.009.000
1,109.000
THE DRY GOODS TRADE.
wear woolen and
Woolen Goods. The
worsted fabrics has this week been decidedly inactive, businees being reduced to very small dimensions. Buyers are
more anxious to secure delivery of sample-piece lots bought
at the opening of the season than to duplicate their purchases, and such orders as come forward are of a retail character, most of them being for woolen goods in preference to
worsteds. There are reports of an increasing amount of idle
machinery in the woolen goods industry,owing to shortage in
the orders taken so far for the heavy-weight season. This
tends to prevent stock accumulations and to keep prices
fairly steady, although if there were business to be had just
now there are some sellers who would make reductions to
secure it. A quiet demand comes forward for overcoatings
at previous prices, while cloakings move in moderate quantiThe market for woolen and
ties without material change.
worsted dress goods is quiet for both staple 'and fancy lines,
but the tone is steady. There is no change in flannels or
blankets.
Foreign Dry Goods —Fancies in fine grades of imported
dress goods are in fair request and steady. Jap silks are
scarce and very firm in price. Other silks steady with moderate sales. Ribbons are in fair demand, but barely steady
in some quarters. Sales of linens are moderate, but the market is strong. Burlaps firm with fair demand.
Importations and Warehouse Withdrawals of Dry Goods
The importations and warehouse withdrawals of dry goods
at this port for the week ending March 31, 1904, and since
January 1 1904, and for the corresponding periods of last
,
New
York. Friday, P. M., April 1, 1904.
month of March failed to show any
improvement in volume at first hands, and in the aggregate
compared unfavorably with March last year. With jobbers
here results did not come up to expectations, and, except in
the South and Southwest, where distribution was liberal, the
jobbing trade generally was on the quiet side. Retail trade,
with few exceptions, was reported indifferent. In part all
year are as follows:
Business during the
can be attributed to the prolonged wintry weather and
the check given thereby to early spring trade, but in the
primary market high prices in cotton goods and paradoxical
as it may seem— lower prices for woolen and worsted goods
for men's wear deterred buyers from operating with any
degree of freedom, there being on their part no confidence in
the stability of values in either division. This week a combination of bad weather and Jewish holidays has helped to
reduce the demand to unusually small dimensions, and in
some quarters the market has shown a weaker tone. The
recovery in the price of cotton since the Sully failure has not
affected the conservative disposition of buyers, nor has it
prevented certain sellers from making concessions to secure
businees, although outside of Fall River goods they make no
open changes in quotations. Further reports of curtailment
of production come to hand, actual or projected, and the
market continues but lightly stocked in the aggregate.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending March 28 were 8,251
packages, valued at #421,488, their destination being to the
points specified in the tables below:
this
—
New York to Mas.
Arabia.
Africa
West Indies
Mexico
Central America
South America
Other Countries
2
=to
G> ST
B
O
:
o!
.
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*i
.
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3,078
13
1,299
1,019
826
27
359
240
399
22,805
8,492
9,155
2,875
6,055
589
102
66
"i'2*5
""si
516
90
363
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PUBLISHED WEEKLY.
Terms
—
—
THE CHRONICLE.
1286
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— ——
:
:
of Subscription— Payable in
Advance
$10 00
6 00
13 00
For One Year, Including all Supplements
For Sli Months
European Subscription (Inducing postage)
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780
The Railway and Industrial Section, Issued quarterly, is furnished
without extra charge to every annual subscriber of the Commercial and
Financial Chbonicle.
The State and City Section, Issued semi-annually, Is also furnished
without extra charge to every subscriber of the Chbonicle.
The Street Railway Section, issued three times a year, is likewise
furnished without extra charge to every subscriber of the Chronicle.
|
Vol. lxxviii.
Rochester, N. Y.— Sale of Genesee Valley Stock.— Samuel
B. Williams, City Comptroller, will receive proposals until
11 a. M. April 11 for the purchase of 3, COO shares of the capital
stock of the Rochester & Genesee Valley Railroad Co. now
owned by the city. Each proposal must contain a waiver of
right to withdraw the bid prior to April 15, 1904. The above
stock represents a controlling interest in the road, which is
now leased to the Erie Railroad Co., the latter entering
Rochester from Avon (twenty miles distant) over this branch.
The official notice of this sale will be found among the advertisements elsewhere. See page xii.
Worth County, Ga.— Change in County Seat.— This countp
on March 16 voted to change the county seat from Isabella
to Sylvester.
Bond
Calls and Redemptions.
—
The Bank and Quotation
Seotlon, Issued monthly, Is also furnished
without extra charge to every subscriber of the Chronicle.
Bolivar, Mo. Bond Call. Interest ceased March 12 on
bonds Nos. 1 to 11, inclusive, of this city.
Callahan County, Texas.— Bonds Redeemed.—This county
Terms of Advertising—(Per Inch Space).
has redeemed $21,000 5% jail bonds held by the State Perma$29 00 nent School Fund.
Transient matter (each time) $4 20 Three Months (13 times)
8tr Months
(26 times)... 50 00
STANDING BC8INE8S CARDS.
Calumet Township, Pike County, Mo.— Bond Call.
$22 00 Twelve Months (52 times)... 87 00 Bonds Ncs. 31 to 40, inclusive, dated May 1, 1899, have been
Two Months (8 times)
called for payment. Interest, 3J4*.
WILLIAM B. DANA COMPANY, .Publishers,
Falls County, Texas.— Bond Call.—The County CommisPine Street, corner of Pearl Street,
sioners have called for payment $10,000 bridge bonds issued
YORK. some years ago.
Fost Office Box 958.
Galveston County, Tex.— Bonds Redeemed.—Col. D, Henderson, Chairman Finance Committee of the County Commissioners, recently stated in a local paper that since the
Items.
.
—
. .
NEW
News
first
of the year $70,000 sea-wall, $15,000
bridge, $10,000
Mohican Township, Ashland County, Ohio.—Bonds Or- courthouse and $2,500 road and bridge bonds have been purdered Paid. — The following is taken from the Cleveland chased and retired. Col. Henderson also remarked that of
"Leader" of March 18:
the $1,500,000 sea-wall bonds (all of which have not as yet
The trustees of Mohican Township, Ashland County, Ohio, wanted a raiU been issued) $130,000 have been purchased and retired up to
road, and now the township will have to pay for
it.
At the time the Ashland * Wooster Railway Company was contemplating
through Ashland ^County ten years ago. a bonus
was asked for. The township agreed to give the company (10,000, and thereupon issued bonds to that amount. The bonds were sold at-d the cash received and paid over to the railway company.
Then the trustees of the township began to levy a tax upon the residents to
pay for the bonds as they fell due. Some citizens objected to this and rushed
into Common Pleas Court in Ashland County and restrained the tax levy. The
injunction was Anally made perpetual upon the ground that the levy was unconstitutional. The case was carried to the Circuit Court and the lower court
was sustained.
The result w»s that no taxes were raised, and the township defaulted in the
payment on the bonds. During the life of the bonds they changed ownership
many times. Finally t2,6i worth fell into the hands of E. V. Johnson of Chicago. He tried to collect and failed. Then Mr. Johnson began suit in the
United States Circuit Court. Yesterday Judge Wing heard tne case and de
elded that the township would have to pay. This suit was a test suit, and the
o'her holders of the bonds will be guided by it. The original debt of »*0,000
now amounts to about $32,010 owing to the interest that accumulated during
the years the bonds were allowed to go unredeemed.
the construction of
its line
New Jersey.— Legislature Adjourns.—The State Legisla
ture adjourned at 7 P. M., March 25.
Extra Session of the Legislature.— On March 29 the Governor Issued a call for a special session of the Legislature to
convene April 12 at noon, to take up the report of the Morris
Canal Committee submitted at the regular session of the
Legislature too late for consideration; also to take action on
a bill designed to prevent the shooting of pigeons from traps.
present below
New fork State.— Savings Bank Bill.—
in full the bill of Senator McEwan (identical wirh that of
Mr. Agnew of the House) amending the savings banks investment law as regards the bonds of the Chicago Rock
Island & Pacific. New matter is set in italic, while that
portion of the old law omitted is placed in brackets, This bill
passed the Senate on March 31:
We
AN ACT
To Amend Section One Hundred and Sixteen of the Banking
Law with Respect to the Securities in which Deposits of Savings Banks may be Invested.
The People of the State of New York, represented iin Senate arid Assembly, (to enact as follows:
Section 1. Paragraph C of subdivision six of section one hundred
and sixteen of the laws of eighteen hundred and ninety-two, entitled
"An Act relating to banking corporations," is hereby amended so as
to read as follows
Milwaukee & Saint Paul Railper centum bonis >lue Jul/
first, [nineteen hundred w<d seventeen, w-d the general mortyage. gold
four per centum bonds due July first, nine/ten hundred mid eightyeight, of the Chicago Rock Island & Paoitio Railway Company so'loiig
c.
The mortgage bonds
way Company and the
of the Chicago
first
mortgage
six
as [they] the said respective railway companies shall continue to earn
at least four per centuoa dividends per annum on their respective outstanding capital stock, and provided their capital stock
shall respectively equal or exceed in amount one third of the par value
of all their reepe live lionded indebtedness, and further provided that;
all bonds of either of said companies hereby authorized for Investment shall be secured by a mortgage which is a first mortgage on
either the whole or some part of the railroad or railroad property
actually in the possession of and operated by said company, or that
such bonds shall be mortgage bonds of an Issue to retire all prior debts
of said railroad company.
and pay
& 2.
and
This Act shall take offeot on September
first,
nineteen hundred
four.
The Agnew bill was reported by the Assembly Committee
on Banks some days since, but it was recommitted to the
committee for a further hearing, which was held Thursday afternoon, March 31. It is regarded as doubtful it
the Assembly Rales Committee will report this bill, although
the Savings Bank Associations of the State of New York are
asserted to be unanimously in its favor.
Tounsend's Savings Bank Bill Passes Senate.—The State
Seriate on March 31 passed Senator Townsend's bill permitting savings tanks to invest in the first mortgage 5% bonds
of the Utica Clinton & Binghamton Railroad.
date, leaving $l,870,0D0 still remaining of that issue.
Benry County, Mo.
Bond Call.—This county has
called
for payment March 12 b% bonds Nos. 216 to 281, each for
$1,000, dated July 5, 1887.
Ala. Bond Call.— Charles E. McLean, Mayor,
payment April 1. at the People's Bank of Mobile,
paving bonds Series "A," Nos. 40 to 48, inclusive. Four
Mobile,
called for
months' interest will be paid on presentation ia addition to
the face value of the bonds.
Multnomah County (P. 0. Portland), Ore.— Warrant
Call.— John M. Lewis, Connty Treasurer, has called for payment all Class "Cwarraots drawn on the road fund up
to and including Feb. 8, 1903; also warrants on Class "36"
drawn on the general fund up to May 10, 1903. inclusive.
Peuo Township, Pike County, Mo.— Bond Call.— Interest
ceased March 1 on 5£ bonds Nos. 45, 46 and 47, issued in
November,
Scotland
March
10
1887.
—
County, Mo. Bond Call. Call was made
on 4%t> bonds Nos. 31 to 47, inclusive, issued in
May, 1897.
Spokane, Wash.— Warrant Call.—M. H. Eggleston, City
Treasurer, called for payment March 8 warrants Nos. 15,178
to 16,090, inclusive, drawn on the redemption and judgment
fund; also, March 29, warrants Nos. 16,091 to 16,252 on the
same fund.
—
Tennessee. Bonds Redeemed. The State Funding Board
on March 12 purchased for redemption $20,000 3$ settlement
bonds at 96}£. On March 16 the Board purchased $45,000
bonds of the same issue at 96%.
Bond Proposals and Negotiations this
week have been as follows
Ada, Ind. Ter.— Bond Sale.—Oa March
:
14 the $30,00} 5*
water bonds offered but not sold on February 1 were disposed
of at par to Robert Duncan of Dallas. See V. 78, p. 298, for
description of bonds.
Bonds Hot Yet Sold.— The $15,000 5* school bonds offered
without success on February 1 have not yet been.placed.
Alexandria, La.— Bond Offering.— Proposals will be received until 4 P. M., April 25, by Thomas Crawley, Mayor,
and the Board of Aldermen, for $28,000 5% coupon street-improvement bonds. Denomination, $1,000. Date, July 1 1903.
Interest, semi-annual.
Maturity, July 1, 1943, subject to
Certified national bank check for 8#
call after July 1, 1923,
of the amount of bonds bid for, payable to the City Treasurer, required. Accrued interest to be paid by purchaser.
Printed form of proposals to be obtained from the Mayor.
These bonds were offered but not sold on October 8.
Allegheny, Pa.— Bond hsue Authorized.—The City Councils on March 17 passed an ordinance authorizing the issuance of $11,658 4% registered Mclntyre Avenue bonds, to be
dated April 1, 1904.
Denomination, $1,000 or multiples
Iuter*Pt semi-annually at the office of the City
thereof.
Comptroller. Maturity, April 1, 1909. Thes? bonds are to
be taken at par by the Sinking Fund Commission.
,
Allentown
(P.i.)
School District.— Bond Sale.
26 this district sold to local investors $72,000
20, 25 and 30-year refunding bonds as follows
SO-year bonds at 100-82.
year bonds at 100*85.
3,500 20 year bonds at 10020.
•Jll.OOO
I2.5»0 25
-On March
Z%%
5, 10, 15,
:
12,000 15 year bonds at 100*50.
4,600 10- year bonds at 100*29.
43,600 bonds at par.
— —
:
Apr.
:
THE CHRONICLE.
1904.]
2,
Denomination, $500.
Date, April
1,
1904.
Interest, semi-
annual.
Anaheim School District, Cal. -Bond Election.— An election will be held April 9 to vote on the question of issuing
$10,000 Echool-building bonds.
Areata, Cal.— Bonds Voted— Bond Offering.— This town on
March 12, by a vote of 203 to 18, authorized the issuance of
$35,000 4% 1-35-year (serial) sewer bonds. Proposals for
these bonds will be received until 8 p. m, May 10. Certified
check for $2,500 required.
Asbury Park, N. J.— Bond Sale.— We are advised that the
entire issue of #250,000 4% 30- year beach bonds of this city has
now been sold to various parties in small lots at par and inThis indicates that $87,500 of the boDds have been
terest.
the report in the Chronicle Dae. 5, 1903.
since
sold
Auglaize County (P. O. Wapakoneta), Ohio.— Bond Sale.—
2-11-year (serial) bridge bonds
On March 24 the $10,000
described in V. 78, p. 1002, were awarded to Rudolph Kley-
H
&
bolte
Co., Cincinnati, at 105*03
and
interest.
Berwick, Colombia County, Pa.— Bond Sale.— The $60,000
4% sewer and street bonds described in V. 78, p. 726, have
been awarded at par to the Berwick Savings & Trust Co.
Bordentown, N. J.— Bonds Authorized.—The Water Commissioners nave authored the issuance of $5,000 water
bonds.
Buffalo, N. Y.— Bond Sales.— On March 26 the five issues of
bonds of this city described In V. 78, p. 1186, were awarded
as follows
$13,019 11 4* 1-year registered monthly-work bonds to Erie Connty Savings
Bank at lixroi.
100.CC0 00 i% registered emergency- water bonds to Erie County Savings Bank
at 100-025.:
60,000 00 4* registered emergency-appropriation bonds to Erie County Savings Bank at lui'\i2a.
100,000 00 8k* l-5-*e»r (serial) regi«iered Buffalo River improvement bonds
to People's Bank of Buffalo at 100.
13,183 71 it 1-year registered grade-crossing bonds to Erie County Savings
Bank at 10012.
Burlington, Yt.— Bond Offering.— Proposals will be received uotil 10 a. m., April i5, by L. C. Grant, City Treasurer, for $87,000 4% coupon or registered city bonds. DenomDate. April 1, 1904. Interest semi annually
ination, $1,000.
at the office of the City Treasurer. Maturity, April 1, 1929.
Bonds Authorized.— The City Council on
Cadillac, Mich.
March 16 passed an ordinance providing: for the issuance of
$85,000 4% coupon refunding bonds. Denomination, $1,000.
Date, April 11, 1904. Interest, April 1 and Oct. 1 at the
Cadillac State Bank of Cadillac. Maturity, $7,000 yearly on
April 1, from 1913 to 1917, inclusive. W. J. Smith is City
Clerk.
Cahuenga Yalley School District, Los Angeles County,
Cal.— Bonds Voted.— This District on March 25 voted to issue
$28,000 school-buiiding bonds
Caldwell County, Texas.— Bond Sale.— On March 8 $39,000
it refunding court house and $13,000 4% refunding bridge
bonds were awarded to J. B. Oldham of Dallas at par.
Denomination, $500. Date, April 10, 1904. Interest annual.
Maturity, April 10, 1944, subject to call after April 10, 1909.
Cardiugton Township Free Turnpike No. 1, Morrow
County, Ohio. Bond Offering.— Proposals will be received
until 2 p. m April 12, by the Road Commissioners of Free
Turnpike No. 1, at the First National Bank of Cardington.
for $7,700 5* coupon road bonds. Denominations, $100. $200
and $500. Date, April 1 1904. Interest, March 1 and September 1. Maturity as follows :
,
,
Sept.
March
1.1904.
1, 1905
Sept.
1,1905
March
1800
1900
1.19J7
Sept.
March
$100
100
100
100
100
100
1,
1,
Sept.
March
1,1907
March
1.
190*
1908
19 9.
Sept.
1,
1909.
Sept.
1,
l,
March 1,1910
|200
Sept.
1.1910
100
March
loo
100
200
100
Sept.
1, 1911
1,1911
1, 1912
March
$200
100
200
5,800
Cash or oertified check for $100 required.
Castile, Wyoming County, N. Y.— Bond Offering.— Proposals will be received until 1 p. m., April 4, by Frank C. Percival, Village Clerk, for $32,000 registered water bonds at
not exceeding 4% interest. Authority, election held Dec. 22,
1903, pursuant to Sections 128 and 129 of the Village Law.
Denomination, $1,600. Date, April 1, 1904. Interest semiannually at the United States Mortgage
Trust Co. of New
York City, whioh company will certify as to the genuineness
of the bonds. Maturity, $1,600 yearly on April 1 from 1909
to 1928, inclusive. Accrued interest to be paid by purchaser.
Certified check on a national bank or trust company for 2%
of the par value of the bonds bid for, payable to Chas. H.
Sherwood, Village Treasurer, required." Bidders must use
printed form of proposal furnisned by the Village Clerk.
Bonded debt, excluding this issue, $10,500. Assessed valuation, $528,047.
These bonds were offered on March 18 but
the bids then received were rejected.
Champaign County (P.O. Urbana), Ohio.— Bond Offering.
—Proposals will be received until 2 p. m., April 12, by S. B.
Grove, County Auditor, for $10,000 5% bridge bonds of $1,000
each and $5,000 5% oourt-houee-improvement bonds of $500
each. Date, April 1, 1904. Interest, semiannually at office
of County Treasurer. Maturity, one bond of each issue every
six months from Oct. 1, 1904, to April 1, 1909, inclusive.
Bonded debt, Including these issues, $65,326. Assessed valuation, $17,000,000.
Charleroi, Pa.— Bonds Refused.— Weil, Roth
Co., Cincinnati, have refused to take an issue of $35,000 4%% garbagefurnace and funding bonds awarded to them, their attorneys,
Peck, Shaffer
Peck of Cincinnati, having declared the
securities illegal. The borough, our informant adds, has decided not to make k any further attempt to put out these
&
&
&
bonds.
1287
Cheswick (Pa.) School District.— Bond Sale.- On March
19 the $1,500 Q% registered school bonds described in V. 78,
p. 1186, were awarded at par to C. F. ArmetroDg.
No other
bid was received.
Bond Resolution Rescinded.—
are advised that a resolution passed the School Board on March 7 revoking the
order to issue $14,630 bonds, thus taking the question as to
the validity of the bonds out of the courts. These bonds, as
stated in V. 77, p. 1250, were voted last June, but their issuance has been prevented by litigation. The recent action of
the School Board was taken for the reason that a decision
in a parallel case had been given agaiDet the dlstriot.
Chko (Cal.) School District— Bond Offering.— This district on March 20 voted to issue $35,0u0 school-building
bonds. These bonds, we are informed, will be offered for
sale on April 15 by the County Clerk.
Chinook, Munt.-Bowd Sak.-Oa March 21 the $26,900 Q%
coupon water-works bonds described in V. 78, p. 782, were
awarded to Steven Carver at par and interest.
bid of par
was also received from S. A. Kean of Chioago, but as no
check accompanied this bid it was re j acted.
Cincinnati, Ohio— Bond Offerings.— Proposals will be received until 12 m., April 25, by W. T. Perkins, City Auditor,
for the following coupon bonds :
$300,000 1% 20- year street-improvement bonds (city's proportion), dated April
We
A
1.
1904.
250.000 4* 20 year sewer-construction bonds, dated April
1,
1904.
Denomination, $500. Interest semi-annually at the American Exchange National Bank, New York City. Accrued inSeparate bids to be made for
terest to be paid by purchaser.
each issue and each bid must be accompanied by a certified
check for 5% of the gross amount of bonds, payable to the
City Auditor.
Claiborne County, Miss.— Bond Offering.— Proposals will
be received until April 4 by the Cnaacery Clerk (P. O. Port
Gibson) for $20,000 5% 20-year court-house-completion bonds.
Denomination, $500. Interest, annual. T. L. Rush is County
Treasurer. Bonded debt March 19, 1904, $20,000.
Clarke Couuty (P. O. Berry vllle), Va.— Bond Offering.—
The Bank of Clarke County— John B. Neill, Cashier— acting
as agent for Clarke County, is offering for sale $40,000 4%
Denomination to suit purchaser.
Date,
bridge bends.
June 1, 1904. Interest; semi-annuallv *t the office of the
Countv Treasurer. Maturity, June 1, 1924. subject to call
after June 1, 1914
Bonded debt March 26, $65,t0J. Assessed
valuation, $2,859,459.
—
Cleveland, Ohio.— Bonds Authorized. The City Council
on Match 7 passed ordinances providing for the issuance of
the following bonds
$265,000 5% coupon paving bonds, maturing $53,000 yearly
to 1908, inclusive.
125.000 i% coupon bridge bonds, maturing April 1, 1916.
Denomination
of both
issues, $1,000.
Interest semi-annually at the
Bank, New YoTk City.
on Oot.
1
from 1904
Date, April
1,
1994.
American Exchange National
tollingswood, N. J.— Bonds Voted.— The election held
8 resulted in 75 majority being cast in favor of issuing $160,000 4% 80 year street and sewer improvement bonds.
Collinwood, Ohio.— Bond Offering.— Proposals will be received until 12 M April 18, by Chas. J. Moses, Village Clerk,
for $35,000 5% Sanitary Sewer District No. 2 bonds. Denomination, $500. Date, April 1, 1904. Interest semi annually at
the Cleveland Trust Co., Cleveland. Maturity, $3,500 yearly
on October 1 from 1905 to 1914, inclusive. Accrued interest
to be paid by purchaser.
Certified check for 1% of the bonds
bid for, payable to D. R. King, Village Treasurer, required.
March
,
This offering is in addition to the $100,000 Sanitary Sewer
District No. 1 bonds, the details of which were given in last
week's Chronicle, page, 1234.
Colambup, O.— Bonds Authorized.— An ordinanoe passed
the City Council on February 29 providing for the issuance
of $21,600 6% Woodland Avei.ue improvement bonds. AuDenominathority, Section 2701, Revised Statutes of Ohio.
tion, $2,400.
Date, March 15, 1904. Interest semi-annually
at office of City Treasurer. Maturity, Sept. 1, 1909, subject
to call after Marc a 1, 1905.
Bond Election.— The City Council on February 29 passed
an ordinance submitting to a vote of the people on April 4
the question of issuing $1,500,000 4% water-works and storagedam bonds. The election will be held under Sections 2835,
2836 and 2837, Revised Statutes of Ohio.
Bond Bids.— The trustees of the sinking fund on March 28
received the following bids for the five issues of 4 and 4%%
city bonds aggregating $275,000 and decribed in V. 78, p. 1187:
Bids for the Entire $275,000 Bonds. X Bids ) or Less t\an the Entire Amount
New 1st Nat B'k, Columbus. $279.73'J 00
Offend
W. J. Hayes* Hons, Cleve.. 278,6*7 00 K W Harris
$80,048 00
*&0,000
CT.rrl. ^ T
) 85 0C0
25,045 00
Seasongood & Mayer Cin... 278,234 00 N. W.
^°
&
Denlson, Prior & Co., Cleve( 76.000 4H»-.- 77,835 00
land A Boston
278,167 00 S. Kuhn & Sons (for$75, )o0). 77,817 76
R. Klevbolte * Co.. Cin
278.000 00 Fuller. Parsons & Snyder (for
-,
.
B U. Rollins & Sons. Chic. 277,120 00
Well. Both & Co.. Clncin... 277,000 0J
Union Sav. B'k& Tr.Co.,Cin. 276,005 00
Oldham & Co
276,907 60
Ceder, Holzman & Co., Cin. 275,075 CO
;
77.437 60
$7- .o0o)
77,325 26
Spitzer A Co. (for *75.00")..
Bank
Tr.
Co.
&
Security Sav.
77.200 00
(lor »75,OuO)
BenJ. Fisher (for $60,000).... 50.200 50
.
.
Corintb, Alcorn County, Miss.— Bond Offering.— Proposals
will be received until 3 P. M., April 15, by T K. Young,
Mayor, for $55,000
water and fewer bonds. Denominations, $100 and $500.
Date, May 1, 1904. Interest, annual.
Maturity, one bond $100 yearly on May 1 from 1905 to 1924,
inclusive, and $53,000 ($5u0 bonds) on May 1, 1924. Certified
H
check for $1,000 required.
East Orange, N. J.— Bonds Authorized.—The City Council
has passed an ordinance providing for the issuance cf $85,000
4% 30-year coupon school bonds.
—
:
J
THE CHRONICLE.
288
English town, N. J.— Bond Offering.— Proposals will be received until April 4 by E. T. Reid, Borongh Clerk, for $5,000
Interest
4% tire-protection bond*. Denomination, $1,000.
Maturity, one bond in 6
sernt annually in Eriglishtown.
years, one in 12 years, one in 18 years, one in 24 years and
onn in 39 years after date of issue. Bonds are rax exempt.
Tbe borough has no debt at pre3ent. Assessed valuation,
$300,000.
Erie (Pa.) School District.— Bond News.— W, J. Flynn,
Secretary, writes us that this district will issue within six
months $75,000 4$ coupon school-building bonds. Denomination, $500. Interest, semi-annual, free from tax. Bonds
Fish, Attorneys,
will be approved as to legality by Billing
of Erie.
Fergus Falls (Minn.) School District.— Bond Election.—
An election will be held April 12 to vote on the question of
issuing $30,000 4% school bonds.
&
Ulenolden, Delaware County, Pa. —Bond Safe.— The
$29,-
500 it 80-year sewer bonds offered but not sold on Feb. 1
have been placed at par with the Delaware County Trust
Sate Deposit Co. of Chester. See V. 78, p. 854, for description of bonds.
Gloucester, Mass.— Temporary Loan.—This city has negoCo.,
tiated a 11-months' loan of $75,000 with Jose, Parker
Boston, at 402£ discount. Following offers were made for
the loan
&
&
Discount.
4 15*
Discount.
& Goodwin, Boston
4-20%
& Co.. Boston
Greenville, Ohio.—Bond Sale.—Oa March 24 $16,877 14 5*
1-10-year (serial) street-assessment bonds (two issues) were
awarded to Rudolph Kleybolte & Co., Cincinnati, for $17,468 14. Securities are dated Feb. 9, 1904, and the interest
Jose, Parker & Co.. Boston
Cape Ann Nat. Bank
i'Oi%
4"06g
Bond
-
Blake Bros.
will be payable annually.
District.— Bonds Voted— Bond
on March 80, by a vote of 442 to 59, authorized the issuance of $15,000 4% scbool-honae .bonds. These
bords, we are advised, have been sold to Jose, Parker & Co.
Greenville (Pa.) School
Sate.— This
district
of Boston.
6 a irpi)rt, Miss.— Bonds Voted.— By a vote of 163 for to 9
against, thts town on March 22 authorized the issuance of
$20 000 5£ central school building bonds,
Guthrie, Okla.—Bond Election.—The City Council, it is
submit the question of issuing $100,000
water-works-improvement bonds to a vote of the people.
Bond 8ale.—The $35,000 coupon street
Henderson, N.
and sewer improvement bonds described in V. 78, p. 783,
have been awarded to F. M. Stafford & Co. of Chattanooga
as 5 per cents. Securities are dated March 15, 1904.
stated, has decided to
C—
Hollywood Union High School District, Los Angeles
Cal.— Bond Election Illegal.—The election held
March 5, when $65,000 b% 1-20-year (serial) high-aohool bonds
were authorized, has been found to have been illegal the
County,
—
A
notice of election not having been properly advertised.
election will be called.
Holyoke, Minn.— Bond Offering.— Proposals will be re
ceived until 2 P. M., April 16, by C. E. Collins, Town Clerk
for $10,000 Q% 15-year road and bridge bonds. Authority,'
election held March 8, 1904, pursuant to Chapter 36, Liws of
1903. Interest, semi-annual.
new
Huntington Township, Ind.— Subsidy Defeated.—This
township, by a vote of 1,005 for to 1,280 against, defeated
the question of granting a subsidy of $125,000 to the Cincinnati Bluffton & Chicago Railroad Co. The election was
held March 22.
Hyattsvllle, Md.— Bond Election.— A special eleotion has
been called under the authority recently granted by the State
Legislature to vote on the question of issuing $30,000 sewer
bond?. The election will be held April 8.
Indiauapjlis, Ind.— Bonds Proposed.— At a conference of
city officials held March 28 fit was decided to ask the City
Council to appropriate $50,000 from the general fund to repair damages caused by the recent floods. It was also decided to have the City Council authorize the issuance of
$100,000 flood bonds to re-pay the $50,000 appropriated from
the general fund and to make further necessary repairs to
city property.
Josephine County (Ore.) School District No. l.—Bond
$12,000 5* 10-20-year (optional) bonds, offered but
not sold Dec. 15, 1903, were awarded on March 1 to Morris
Bros. & Co. of Portland at 10150. Denomination, $1,000.
Sale— The
Date, March 1, 1904. Interest, semi-annual.
Juniata, Pa.— Bonds Voted.— This town on March 22, by a
vote of 245 to 78, authorized the issuance of $14,000 waterworks-extension bonds at not exceeding 5* interest. Full
details of this issue have not yet yet been determined
upon.
Lake County (P.
0.
Two
Harbors),
Minn.— Bond
—The Board of County Commissioners
Election.
has called a special
election April 12 to vote on the question of issuing $45,000
bonds to build a new court house to replace the old one recently destroyed by fire.
Laurel, Miss.— Description of Bonds.—The $30,000 sewer
and the $14,000 water bonds recently sold to the First National Bank of Laurel are in denomination of $100. Interest,
Maturity, twenty years. The price paid by the local
5*.
bank for these bonds was par.
Lima (Ohio) School District.— Bond Offering— Proposals
will be received until 7:30 p. m., April 6, by the Board of Education, Annie Disman, Clerk, for $15,000 5% bonds. Authority, 22b, 3 J93 and 3994, Revised Statutes of Ohio.
Denomination, $1,000. Date, April 6, 1904. Interest, semi-annual.
[Vol. lxxviii.
Maturity, $1,000 yearly beginning March
check on a Lima bank for $750 required.
1,
Certified
1905.
Little Falls, N, Y.— Bonds Voted.—The election held March
29 resulted in 510 votes being cast in favor of and 450 against
the proposition to issue $40,000 paving bonds.
Lockport, N. Y
Bond Sale.- On March 26 the $8,000 4*
emergency-health-fund-loan bonds de1-10-year
(serial)
scribed in V. 78, p. 1187, were awarded to the Farmers' &
Mechanics' Savings Bank of Lockport at 100*705 and interest.
Following are the bids :
—
Farm. A Mech. Sav.Bk.,
l,kot. $8,056 40 C. L. Nicholls, Atty.,L,ockp't.. $6,031 00
Mrs. Adelaide Burke, ltoch'ter 8.042 00 Geo. M.Hahn. New York .... 800,5 60
Amsterdam Sav. Bank
8,040 00 Tarson. Leach & Co.. N. Y.... b.OooOO
Madison County (P. O. Jackson), Tenn.— Bond Offering.—
Proposals will be received until 12 M. April 4, by Hu. C.
Anderson, President of the Trustees Good Roads Bonds, at
the People's Savings Bank of Jaokson, for $100,000 4% road
bonds. These bonds are part of an issue of $300,000 bonds
authorized by an Act of the Legislature passed March 18,
Denomination,
1903, of which $50,000 were sold last June.
$500.
Date, April 15, 1908. Interest semi-annually at the
People's Saving's Bank of Jackson. Maturity, April 15, 1943,
optional April 15, 1983. Bonds are exempt from county and
municipal taxes. Bonded debt, $50,000. Assessed valuation,
,
$5,073,800.
Madisonville, Ohio.— Bond Offering.— Proposals will be
received until 12 m., April 26, by J. A. Conant, Village
Clerk, for $8,300 6% debt-extension bonds. Authority, Section 2701, Revised Statutes of Ohio, Denomination, $500,
except one bond for $300. Date, Nov. 1, 1908. Interest semiannually at the Cincinnati Trust Co., Cincinnati. Maturity,
Nov. 1, 1923. Accrued interest to be paid by purchaser.
Certified check for 5$ of bonds bid for, payable to the Village Treasurer, required.
Magnolia, Pike County, Miss.— Bond Offering.—L, L.
Lampton is offering for sale the $25,000 6$ water bonds of
this town authorized at the election held October 27, 1903.
Denominations, $500 and $1,000. Present debt, $1,000 bridge
bonds.
Assessed valuation, $621,555; real value about
$1,250,000.
— We
are adMarion, Ohio.— Bonds to bs Issued Shortly.
vised by the City Auditor that an issue of $6,000 sewagedisposal bonds will be sold on a date to be decided on
later,
Marion County (P. O., Jasper). Tenn.— Bond Sate.— Of
the $150,000 pike and road bonds offered on March 22, $45,000
Mayer, Cincinnati,
were awarded as follows to Seasongood
at 101 '16: $10,000 5£ 5-year, $15,000 5* 10-year and $20,000
4%% 15-year bonds. See V. 78, p. 1187, for description of
bonds.
Massillon, Ohio.— Bond Offering.— Proposals will be received until 12 m April 16, by J. U. Douglass, City Auditor,
Denomination, $1,000.
for $20,000 street-improvement bonds.
Date, April 25, 1904. Interest, semi-annually at the First
National Bank of Massillon. Maturity, April 25, 1914. Bids
to be made on blanks furnished by the City Auditor.
Certified check for 5% of the bonds bid for, payable to the City
Treasurer, required.
Memphis, Tenn.— Bond Offering.—-The ICity Council has
passed an ordinance providing for the sale of $200,000 4%
water bonds. Proposals for these bonds are to be received
until 12 M April 14, by W. B. Armour, City Secretary.
Mercer County, N. J.— Bond Sate.— On March 28 $14,000
4% bridge bonds were awarded to Dick
Robinson, New
York City, at 103817. Denomination, $1,000. Date, March 1,
1904. Interest, semi-annual.
Maturity, March 1, 1924,
Meriden, Conn. Bonds Authorized.— AX a special town
meeting held March 25 the issuance of $115,000 Z%i bonds
was authorized to re-build the town hall destroyed by fire
The proposed building is to cost $150,000, the
last winter.
difference between the bond issue and the cost being made
up by the insurance on the old building.
Milwaukee, Wis.— Bond Hale.— O a March 28 the four issues
of 4% 1-20-year (serial) bonds, aggregating $410,000, described
Co.,
in V. 78, p. 1286, were awarded to Blodget, Merritt
Co., Boston, at their joint bid of 103 083.
and Blake Bros.
Following are the bids:
Bids for 1410,000 Bonds.
Domlnick & Dominick. N. Y.1418.841 00
&
,
,
&
&
&
Blodtset, Merritt & Co. and
Blake Bros. & Co., Bostou.$422,610 30
N. W. Ilalsey 4 Co.. Cblc... 4.51,621 00
Konntze Bros.. New York.. 420 9*110
420.S85 00
Kstabrook A Co., Boston
Geo. M. Hahn, New York... 417.913 00
Mason, Lewis & Co.. Chic... 416,2;300
Aids for $3«0,0'0 of Bonds.
W. Harris 4 Co.. Chic. .$309.V88
.869,000
A. Kean. Chicaeo.
Verrmlye & Co. New York. 420,018 00
Bias for $200,000 of Bonds.
Karson. Leach & Co.. Chic. 419,881 00 W. J. Haye« A Sons, Cleve. .$205,317
H. Kleybolte * Co.. Clncln.. 41U,23i00
Bids for $110,000 of Bonds.
B. D. ShepardACo., N. Y... 419.102 00 Citizens' Tr. Co .Mllwaukee,*ll3,800
O'Connor & Kabler, N. Y.... 419.102 00
N.
.
S.
.
00
00
00
00
Mobile Connty, Ala.— Bond Election.— An election will be
held in the early part of May to vote on the question of
issuing $200,000 jail and court-house bonds.
Montpelier, Ohio.— Bond Offering.— Proposals will be received until 12 M., April 25, by J. A. Weaver, Village Clerk,
for $4,200
sewer bonds. Denomination, $1,000, except one
bond for $200. Date, April 1, 1904. Interest, semi-annual.
Maturity, April 1, 1909. Accrued interest to be paid by purchaser.
Mount Olive, Miss.— Bond Sale.— This town on March 21
sold the $10,000
water-works bonds described in
6#
V. 78, p. 1187, to the Mississippi Bank
Trust Co. at 101.
Denomination, $100. Date, April 21, 1904. Interest, annual.
Maturity, twenty years, subject to call after five years.
Mount Vernon (N. ¥.) School District— Bonds Not 8old.
—No bids were received March 26 for the $35,000 Z%% schoolloan bonds described in V. 78, n. 1286.
H
&
Apr.
2,
—
:
:
THE CHRONICLE.
1904.]
3—
Bond Sale.-On March 29 the $200,000 i%
Newark, N.
80-year registered school bonds, described in V. 78, p. 1286,
Co., New York, at 109*085. Folwere awarded to Vermilye
lowing are the bids
&
10A035
Vermilye & Co.. New York
10 g' 85
N. W. Halsey A Co., N. Y
108&71,
Konntze Bros. New York
Blodpet. Merrttt* Co ..BostOD.. 108533
R. L. Day & Co. and Estabrook
108 '5 3 2
&Co.. Boston
A Co.. New York. 107-716
Farson. Leach
Dominlck A Domlnick. N. Y.... 10763
107 H77
H. 8mlth A Co.. New York
ice 83
Kboades A Richmond, N. Y
Spuzer A Co.. New York
1W08
10.V875
Harrlman A Co.. New York
)
Harvey Fisk A Sons. New York.
Newark
N. W. Harris A Co.. New York. .108-315
J. S. Rippel, New J
Tbompson.TenneyACrawfora,
ark
\
TNew York
J-'f'iSSiS ElseleA
King, Newark
Bankers' Trust Co., New York. .108-13
Loan
7«l
Burbeck
Sav.
A
Y..l>
N.
7
Co..
A
Kamund Seymour
S7.0JO
W. J. Hayes A Sons. Cleveland. 107*777
108-3. 7
Federal Trust Co.
<
»60.0oo
60,000
50,000
60.000
U'4'4»
10367
103-12
JC4012
104-00
Inr. Co.,
104-00
Newport i Kj.) School District.— Bond Offering.— Proposals will be received nntil 8 p. m., April 4, by Jno. E. Waterschoolhouse, Secretary Board of Education, for $25,000
house bonds. Date, April 1, 1904. Interest, semi-annual.
Maturity, April 1, 1924, Certified check for $500 required.
H
Niagara Falls, N. Y.— Bonds Proposed.—The Board of
Public
Works recommends the issuance
of $17, COO fire-de-
partment bonds.
Niies, Ohio.— Bond Offering,— Proposals will be received
until 12 M., April 11, by Daniel Casey, City Auditor, for the
1289
of the Corn Exchange Bank of New York City. Maturity,
$1,200 yearly on April 15 from 1915 to 1924, inclusive. Certified cheok for $1,500 payable to Henry NinesliDg, Treasurer, required. Bonded debt, including this issue, $84,000.
Assessed valuation $1,500,000.
Orange, Tex.— Bonds Authorized.— By a vote of 116 to 9
this place on March 22 authorized the issuance of bonds for
department purposes.
PaineSTille, Ohio.— Bonds Authorized.— The City Council
on March 16 passed an ordinance providing for the issuance
of $2,500 5% coupon sewer-assessment bonds. Denomination,
Date, April 1, 1904. Interest, semi-annual.
$500.
Pendleton (Ore.) School District.— Bond Election.— The
School Board has called an election for April 12 to vote on
the question of issuing $60,000 school-building bonds.
Pickaway County, Ohio.— Bond Sale.- On March 15 f 8,700
6£ ditch bonds were awarded to the Second National Bank
of Circleville for $8,747 63. Denominations, three for $1,000
and one for $700. Date, March 15. Interest, semi-annual.
Port Chester, N. Y.—Bond Sale.— On March 28 the $27,394 1% gold drain bonds described in V. 78, p. 1287, were
Sons, Cleveland, at 101 26 and
awarded to W. J. Hayes
Following are the bids:
interest.
W. J. Hayes A Sons, Cleveland.101-26 N. W. Halsey A Co.. New York.100'05
Konntze Bros, of New York City offered $27,394 for
$27,000 bonds, but this bid was deemed irregular and not
considered.
Port of Portland, Ore. Bids.— Following are the bids received March 24 for the $215,000 4* dry-dock bonds, awarded,
as stated last week, to E. H, Rollins & Sons of Chicago:
fire
&
|
following bonds
assessment bonds, city's proportion. Denomination, $1,000.
Maturity. $6,000 on April 1 of the years 1U09. 1914 and lwl9and 16,' 00
April 1, 1924. Certified check for $600 required Authority. Section
2*85. Keviaed Statutes of Ohio.
Denomination. $1,000. Maturity, $6,000
13,000 6% water and light Donds.
April 1, 1918. aud $7,000 April ). 1921. Certified check for $400 required. Authority, Section «70l. Revised Statutes of Ohio.
3,500 6% improvement bonds, maturing April 1, 1909. Authority, Section
2701, Revised Statutes of Ohio. Certified check for $100 required.
121 000 5< special
Date of bonds, April
arate bids to be made
be paid by purchaser.
Interest, semi-annual.
Sepfor each issue. Accrued interest to
),
1904.
North Hempstead Union Free School District No. 7,
Nassau County, N. Y.— Bond Offering.— Further details are
at hand relative to the offering on April 4 of $12,000 4<T
bonds. Proposals will be received until 8 p. m. on that day
by James C. Spalding, Clerk Board of Education, P. O.
Great Neck. Authority, election held March 19, 1904. Denomination, $1,200. Date, April 15, 1904. Interest, semiannually at the Queens County Branch in Long Island City
NEW
NEW
LOANS.
^90,000
of Bloomfleld, N. J.
WATER SYSTEM BONDS.
Sealed proposals will be received by the Town
Council of the Town of Bloomflelo for all or any
f>art of an Issue of $90,i 00 4% coupons (with privlege of reg'strktlon) Water System Boiids of said
Town, Bonds to be of toe denomination of $1,000
each, to be dated APRIL 1. 1904. and to mature
$16.i)'
April 1, lbl9. and $6,000 annually thereafter
until al' are paid. Interest payable feml-annually,
on April 1 and October 1. Both interest and principal payable at the office of the United States
Mortgage A Trust Company in New York City.
The Bonds win be engraved under the supervision
of and certified a- to genuineness by ihe United
Btates .'Mortgage A Trust Company, and the legality approved by J. H. Caldwell, Esq., of hew York
whose opinion as to legality or duplicate
thereof will be delivered to the purchaser.
A certified check for 3% of the amount of bonds
bid for, payable to Harrv L. osborne. 'treasurer of
the Town of Bloomfleld, N. J., must accompany
ach bid.
Tne right Is reserved to reject any or all bids.
Proposals should be endorsed "Proposal for Water
System Bonds" and be addressed to William L.
Johnson, Town Clerk. Bloomfleld. N. J., and will be
received at the Town Clerk's office In Bloomfleld or
at tbe United Slates Mortgage A Trubt Company,
65 Cedar Sireet, New Tors City, until 10'30 o'clock
A. M., Monday, * pril 4, i> 04, and will be opened at
1 O'clock h. M., April 4, 1904.
Delivery of the bonds will be made on April 8,
lt»0i, at
o'clock A. M., at the office of the United
States Mortgage A Trust Company, New York
City,
H
GEORGE PETERSON,
Chairman Town Counoil,
WILLIAM
L.
JOHNSON
Town
Bloomfleld, N.
J.,
Town of
A
Sons, Chicago.. 94*89
March
I
A Co., Cleveland
Fuller,
I
NEW
CLARKE COUNTY,
&A.
NEW YORK CITY
ROAD IMPROVEMENT BONDS.
Sealed bids will he received by the Board of Commissioners of Roads and Revenues of Clarke County,
Georgia, until 12 o'clock M., APRIL 14, 1H04, for the
purchase of $100,000 Clarke County, Georgia, Road
improvement Bonds. Bios may be made for the
whole amount or any part thereof. Bonds are to be
of the denomination of $500, dated July 1st, 1904, and
payable $i,500 annually for the first ten years, $4 000
annually for tbe next fifteen years and $5,000 annually for the next five years. Principal and interest
payable in sold at Athens, Ga., or New York City.
interest 4 per cent, payable January 1 and July 1.
Bonds are to be delivered July 1, lw04.
These bonds are Issued by the authority of the
Constitution and laws of said State and bv an overwhelming vote of the people, and have been validated by tne courts.
Assessed valuation of property
$6,500,000
Market value of property
8,000,000
Population in 1900
17,708
Estimated population iu 1904 over
20,000
Entire indebtedness, Including this issue.
131,000
County has never defaulted In payment of any
.
3£% GOLD
TAX-EXEMPT BONDS.
T.W. STEPHENS
2 Wall Street,
THOS.
P.
VINCENT,
% Wall Street,
& CO.,
York.
&
Co.,
BANKERS
16
3«
Congress Street, Boston.
NASSAU STREET, NEW YORK.
STATE. CITT & RAILROAD BONDS.
Chairman Board of County Commissioners.
F.
Co.,
FARSON. LEACH
R.
FULTON & CO.,
00..
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
Established 1885.
New York.
Investment Securities.
<fe
Public Securities,
MEW
CHICAGO.
BOSTOK
YORK..
H. C. Speer
PHILADELPHIA.
& Company
159 La Salle
A
SPECIALTY.
INVESTMENT BONDS.
8END FOR
LI8T.
CITY,
T. B.
MUNICIPAL
POTTER,
CORPORATION
DENISON, PRIOR & CO.
BQ8TON.
CHICAGO,
•
-
-
LIST ON APPLICATION.
St.,
Chicago.
BONDS.
.
MUNICIPAL BONDS.
RnkinQ
DUINU3
and
COUNTY
AND TOWNSHIP
'
E. C.
STANWOOD &
172 Washington Street,
CLEVELAND.
New
Blodg<;et, Merritt
debt.
Each bid must be accompanied by a certified check
for 2}4 per cent of the amount bid for, to be forfeited to the said county if bid is accepted by the
Board and not complied with by the bidder. All
bids must be endorsed "Proposal* for Road Improvement Bonds " and directed to " A. L. Mitchell.
Clerk Board of Count y Commissioners, Athens. Ga."
The right to reject any and all bids is expressly re
LOANS.
15. 1904.
Goodman &
STOCKS
Sons, Cleveland. 86046
!
V^^VW^W^A/Sft^SJW
Bloomfleld, N.J.
Assessed Valuation (1H03)
$5,071,876
Bonded Indebtedness, including this issue, 381,000
Other Indebtedness
16,000
Population, Cen sus 1P00
9.668.
BANK
Snyder.
90-076
W. J. Hayes A
Port Towusend, Wash.— Bond Offering.— Proposals will
be received until 5 p. m., April 5, by A. F. Learned, City
Clerk, for $250,000 water bonds at not exceeding 6£ interest.
Denominations, not less than $100 nor more than $1,000. Interest, semi-annual.
"The principal will be payable upon
call of the City Treasurer whenever there is in the special
water fund, after payment of interest on all outstanding bonds
and warrants, a sufficient balance to pay the same." These
bonds are issued under the authority of Chapter 85, Laws of
LOANS.
served
A
Parsons
Cleveland
90-125
and Boston
Geo. Good. Portl'd, for $100,000. W60
Clerk.
FINANCIAL STATEMENT.
C. E.
H. Rollins
Denison, Prior
§100,000
Town
City.
K.
ILLS
95
BANKERS.
Milk Street,
BOSTON.
CO.,
——
THE CHRONICLE.
1290
and also election held March 12. This Act provides
that the bonds must be retired within twenty years.
Rochester, N. Y.— Temporary Loan— A. loan of $200,000
was recently negotiated with F. E. Jennison of New York
City at 4*15£. Loan will mature June 11, 1904.
Salamanca (N. Y.) Union Free School District No. 4.—
Bond Sale.— The i 1 8,000 i% school- building bonds voted at
the election held February 19 were sold at par on March 16
Sons, Cleveland. Denominations, one
to W. J. Hayes
bond for fl, 000 and six bonds for f 2,000 each. Interest annually on November 1.
are advised
Salem, Ore.— Bonds Over-subscribed.—
that when books were closed on March 20 the $30,000 4% refunding bridge bonds were largely over-subscribed for by
local oitizens, who will therefore be awarded the bonds. Sje
V. 78, p. 839, for description of securities.
South Omaha, Neb.— Bo*d Sale.— Oa March 21 14,000 5%
Co. of Toledo at
renewal bonds were awarded to Spitzer
Denomination, $500. Dite, March 1, 1904.
1C0*80.
Springfield, Ohio,— Bond Offering.— Proposals will be received until 8pm,, April 12, by Charles C. Bauer, Clerk of
the City Council, for $40,000 4% street-improvement bonds
Date, March 1, 1904. Denomination,
(city's proportion).
&
We
&
Interest,
City Treasurer.
March
and September
at office of the.
of the years 1909,
for $1,000 required.
1
Maturity, $10,0C0 March
1
1
1910, 1911 and 1912.
Certified check
Authority for issue, Section 53 of the "Municipal Code" passed
O^t. 22, 1902.
District, Fulton County, Ohio.
—Bond Offering.— Proposals will be received until 11:30 A.
M April 11, by the Board of Education, T. W. Knight,
Cl^rk. for $80,000 5# school-house bonds. Authority, Section
Inter8993, Revised Statutes of Ohio. Denomination, §500.
est, April 11 and October 11 at the office of District Treasurer. Maturity, yearly on October 11 from 1905 to 1920 as
follows
YearTear. Amount.
Amount.
Tear. Amount.
Tear. A mount.
Swanton Special School
,
:
1005
1PC6
1M.7
1908
$1,000
1600
1.6(0
1,500
Accrued
1909
1910
1911
1912
$1,600
1,600
2,00
1,600
i
$2,000
2.OC0
x,<Y
2,600
1918
1914
1916
1916
by purchaser,
interest to be paid
ii.ZO)
1917
1H18
1919
A600
19aS0
S2.000
2.5O0
Certificate of
deposit for $300 required with bids.
INVESTMENTS.
1
Interest Paid on Daily and
YORK.
Time
Deposits.
Railroad,
C—
Wealthwood, Aitkin County, Minn— Bond Offering.—
Proposals will be received until April 23 bv the Board of
Supervisors, R. R. Lease, Chairman, for $6 000 10-year road
and bridge bonds at not exceeding 6% interest. Authority,
election March 8, 1904. E L. Waltiag ia Town Clerk.
"West St. Paul, Minn. Bond Offering.— Proposals will be
received until April 4 (postponed from March 7 and again
from March 21) by Bernard Wurst, City Clerk, No. 80 East
Third Street, St. Paul, for $o,000 i% refunding bonds. Danomination, $500. Date, April 1, 1904. Interest, semi-annual. Maturity, April 1, 1914.
York (Pa.) School District.— Bond Offering.— Proposals
by W. S. Bond, Chairman
will be received until April 14
Finance Committee, for $50,000
d%4
10-20-year (optional)
Denomination, $500 or $1,000. Interest
semi-annually at the Citv Bank of York. Deposit of $1,000
required with bide. Bonded debt March 30. 1904, $293,000.
building bonds.
W. W. McClune
Assessed valuation 1903, $17,700,000,
Secretary School Board.
Municipal and Cor-
L.IFE
INSURANCE
CO.,
NEWARK.
N. J.
Frederick Frelinqhuysen, President:
*88BT8 (Market Values) Jan.
LIABILITIES30BPLTJ8
1,
1904 .$87,453,889 12
80.74S.043 91
6.710.842 21
MUTUAL BENEFIT POLICIES
yielding investors 4% to 5%%.
CONTAIN
Special and Peculiar Advantages
and prices
application.
lists
is
MISCELLANEOUS.
The Mutual Benefit
poration Bonds, conservatively issued,
Printed
&
by-law providing
Vyfct,
—
MISCELLANEOUS.
Offers
— The
40-year water works-improvement debentures carried by a vote of 1,858 for to 431
against at the election held March 23.
Troy, N. Y. Temporary Loan.— O a March 29 this city negotiated a 42 temporary loan of $200,000 with the Troy Savings Bank at par." Loan was mad« in anticipation of the collection of taxes and will mature Oct. 20, 1904.
Twin Valley, Minn.— Bonds Not Sold.— The $5,750 5* 15year water bonds offered on M'irch 7 have not a3 yet been
sold.
We are advised that the bonds will be re-advertised in
the near future.
Utlca, N. Y. Bonds Authorized. Chapter 45, Laws of
19'J4, authorizes the iseuinpe of $40,000 1-23 year (serial) firedepartment bonds at not exceeding 4% interest.
Waxahachie, Texas.— Bond ?ile.—Tne $24,000 4« 10 40year (optional) school-hous9 bonds described in V. 77, p.
1254, have been sold at par to the Ellis County School Fund.
Bond
Waynesville Township, Haywood County, N.
Sale.— This townehip has eold an issue of $50,000 5£ road
bonds to P. S. Brigg8& Co. of Cincinnati at p»r less expenses.
Denomination, $500. Date, March 1, 1904. Interest, annual.
Maturity, March 1, 1934.
for the issuance of $1,000,000
BOND DEPARTMENT.
Rudolph Kleybolte&Co.
BANKERS,
THE AMERICAN TRUST
DEALERS IN
& SAYINGS BANK,
MUNICIPAL, RAILROAD and
Chicago, Illinois.
STREET RAILWAY
BONDS.
NASSAU STREET, NEW
[Vol. lxxviu.
Toronto, Ont.— Debentures Voted
1901
$1,000.
—
Which
upon
are not combined In the
POLICIES OF
ANY OTHER COMPANY.
Burr,
Adrian H. Muller & Son
INVESTMENT BONDS The
American
AUCTIONEERS,
Regular Weekly Sales
Perry, Coffin
Mfg. Co.
OF
60 State Street,
MANILA, SISAL AND JUTE
BOSTON.
CORDACE.
65
Wall
Street,
New
York.
STOCKS
Corner Pine Street.
Fred H. Smith,
AND
Service
Stock Broker.
WHITING'S PAPERS.
Corporation
66
BROADWAY, N.Y.
x««™ko»=
JuemDers
BONDS.
E. H.
My
MUNICIPAL
AND
CORPORATION
BONDS,
171
La
IIuhIiiomH
Correspondence,
for letter written with your own hand, or
bylthe typewriter, are UNEQUALED. Their quality
Whether
Co.,
Salle Street, Cbicago.
the news of the Street.
^ivice for either trader
Write for spocial market letter.
efficient
landsomely engraved, or In cheaper style
(not cheap looking) partly printed from
Send f>r samples and estimates.
type.
100 CertiflcatisSS to$25. Seal Preufl 50. QuickWorX.
1
For
k
{
In receipt of all
STOCK
BONDS AND
CERTIFICATES
San Francisco.
MacDonald, McCoy
is
Established 1868.
New York Produce Exchange.
New York Con stock Kxchange.
or investor.
BOSTON.
Chicago.
office
S
Prompt and
ROLLINS & SONS,
Denver.
BONDS
EVERY WEDNESDAY.
No. 55 WILLIAM STREET
Office
MUNICIPAL
Public
and
Is assured and they hare won highest honors hi all
the great World's Fairs. For high grade writing
papers of all kinds, for bond papers, and for ledger
papers, insist on having them made by the
WHITING PAPER COMPANY,
IIOLYOHE, MASH.
New
York.
Philadelphia.
Chicago.
Albert B. King & Co.,
Engraven and
Lxtnofrraphers,
New York City.
105 William Street,
A. G. Becker
&
Co.,
(INCORPORATED.)
COMMERCIAL PAPER,
S.
W. Cor.
llom-oe
St.
La
Salle Sts., Chicago.
@FedFRASER